TRADITION COMMUNITY DEVELOPMENT DISTRICTS 1-10

Financial Report For September 2023

TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-10
MONTHLY FINANCIAL REPORT TABLE OF CONTENTS

Tradition CDD #1-10 RECAP.	Page 3-5
Tradition CDD #1…	Page 6-8
Tradition CDD #2…	Page 9-10
Tradition CDD #3…	Page 11-12
Tradition CDD #4…	Page 13-14
Tradition CDD #5…	Page 15-16
Tradition CDD #6…	Page 17-18
Tradition CDD #7…	Page 19-20
Tradition CDD #8…	Page 21-22
Tradition CDD #9…	Page 23-24
Tradition CDD #10.	Page 25-26
Tradition IRRIGATION.	Page 27-30

	FISCAL YEAR	FISCAL YEAR		
	2022/2023
ANNUAL BUDGET	10/01/22 - 09/30/23
ACTUAL	% Of
Budget	COMMENTS	
 REVENUES	
O & M ASSESSMENTS		2,621,290	2,575,600	
98.26%	
DEBT ASSESSMENTS		5,379,577	4,771,804	88.70% Direct billed portion of Series 2021 Bond Assessments	
BOND PREPAYMENTS		0	11,628	0.00%	
INTEREST INCOME		0	122,527	0.00%	
STORMWATER		825,000	974,563	118.13%	
OTHER INCOME		0	229,305	0.00% (Includes chargebacks for Rent Sharing)	
DEVELOPER CONTRIBUTION - BEEP		0	1,381,680	0.00%	
FUND CARRY FORWARD		0	0	0.00%	
Total Revenues		$	8,825,868	$	10,067,106	114.06%	
 EXPENDITURES - ADMIN	
AUDIT		
55,000	
31,750	
57.73%	
BANK FEES		670	0	0.00%	
DISSEMINATION AGENT		2,000	0	0.00%	
DISTRICT COUNSEL		80,000	34,334	42.92%	
MANAGEMENT		96,161	96,161	100.00%	
ASSESSMENT ROLL		10,000	10,000	100.00%	
DUES, LICENSES, FEES		1,750	1,875	107.14% One Additional CDD (#11)	
ENGINEERING		50,000	50,117	100.23%	
IMPACT FEE ADMINISTRATION		0	0	0.00%	
GENERAL INSURANCE		110,860	107,867	97.30%	
WEBSITE		7,500	7,500	100.00%	
LEGAL ADVERTISING		6,500	4,332	66.64%	
MISCELLANEOUS		0	17,419	100.00% CDD #11 Establishment	
TRAVEL AND PER DIEM		1,000	827	82.69%	
FINANCIAL ADVISORY FEES		0	85	0.00%	
OFFICE SUPPLIES		2,500	3,154	126.18%	
POSTAGE AND SHIPPING		200	1,198	599.01%	
COPIES		1,000	4,007	400.75%	
SUPERVISOR FEES		64,800	40,200	62.04%	
SUPERVISOR PAYROLL TAXES		0	3,075	0.00%	
SUPERVISOR PAYROLL FEES		0	617	0.00%	
TRUSTEE SERVICES		18,000	20,909	116.16%	
OFFICE RENT		25,000	89,018	356.07% Chargeback to master association and Southern Grove (included in other income)	
CONTINUING DISCLOSURE FEE		3,000	32,250	75.00%	
GENERAL RESERVES		25,000	25,000	100.00%	
TOTAL ADMIN EXPENSES		560,941	551,696	98.35%	

FISCAL YEAR	FISCAL YEAR
2022/2023	10/01/22 - 09/30/23	% Of
ANNUAL BUDGET	ACTUAL	Budget	COMMENTS

EXPENDITURES - MAINT		
LAKE MAINTENANCE		255,000	187,272	73.44%	
BEEP OPERATIONS		300,956	262,478	87.21%	
BUILDING, BRIDGE, MONUMENT MAINT.		300,000	0	0.00% Combined with Community Area Maint	
MISC MAINTENANCE		0	1,730	0.00%	
GENERAL RESERVES		72,000	72,000	100.00%	
COMMUNITY AREA MAINTENANCE		40,000	149,879	374.70% Combined with Building, Bridge Maint	
DEVELOPMENT COORDINATOR		61,100	61,100	100.00%	
PAINTING		0	0	0.00%	
FENCE MAINTENANCE		0	0	0.00%	
ELECTRIC		70,000	82,556	117.94%	
ENGINEERING - MAINT.		100,000	165,391	165.39%	
FIELD MANAGEMENT		197,667	197,667	100.00%	
FOUNTAIN MAINTENANCE		30,000	19,921	66.40%	
LANDSCAPING MAINTENANCE & MATERIALS		870,000	1,043,957	120.00%	
IRRIGATION		152,000	156,112	102.71%	
IRRIGATION PARTS & REPAIR		25,000	41,284	165.13%	
PEST CONTROL		0	2,137	0.00%	
SECURITY		0	3,400	0.00%	
SIDEWALK CLEANING		30,000	37,500	125.00%	
SIDEWALK REPAIR		45,000	0	0.00%	
SIGNAGE		10,000	120,093	1200.93% Roundabout signage etc	
STREETLIGHTS		45,000	113,812	252.92% Four 37' concrete poles	
STORMWATER MANAGEMENT		6,000	160,286	2671.44% Labor & Equipment costs for clearing sand, debris and materials from canals	
TREE/PLANT REPLACEMENT & TRIM		90,000	146,624	162.92%	
WETLAND UPLAND MAINTENANCE		0	0	0.00%	
TOTAL MAINTENANCE EXPENSES		2,699,723	3,025,199	112.06%	
					
Total Expenditures		$	3,260,664	$	3,576,895	109.70%	

	FISCAL YEAR	FISCAL YEAR		
	2022/2023	10/01/22 - 09/30/23
ANNUAL BUDGET	ACTUAL	% Of Budget	
COMMENTS	
				
EXCESS / (SHORTFALL)		$	5,565,204	$	6,490,212	116.62%		

PAYMENT TO TRUSTEE		
(4,949,211)	(4,929,136)	
99.59%		
BOND PREPAYMENTS		-	(11,628)			
BALANCE		$	615,993	$	1,549,448			

COUNTY APPRAISER & TAX COLLECTOR FEE		(307,996)	(287,157)	
93.23%		
DISCOUNTS FOR EARLY PAYMENTS		(307,996)	(268,244)	87.09%		
NET EXCESS / (SHORTFALL)		$	-	$	994,047			

Oct '22 - Sep 23	Budget	$ Over Budget	% of Budget
Income
01-1610 · BEEP Developer Contribution	1,381,680.00		0.00		1,381,680.00		100.0%	
01-3100 · O & M Assessments	45,055.72		45,855.00		-799.28		98.3%	
01-3810 · Debt Assessments (2014)	4,198,232.95		62,341.00		4,135,891.95		6,734.3%	
01-3811 · Debt Assessments (2021)	573,570.81							
01-3820 · Debt Assess-Pd To Trustee-2014	-3,964,949.48		-57,353.00		-3,907,596.48		6,913.2%	
01-3821 · Debt Assess-Pd To Trustee-2021	-964,186.18							
01-3830 · Assessment Fees	-3,895.28		-4,178.00		282.72		93.2%	
01-3831 · Assessment Discounts	-3,638.72		-4,178.00		539.28		87.1%	
01-3921 · Debt Assess-Direct Bill-2021	400,623.04							
01-9000 · Bond Prepayments - Series 2014	11,627.94		0.00		11,627.94		100.0%	
01-9010 · Prepaid Bonds To Trustee (2014)	-11,627.94		0.00		-11,627.94		100.0%	
01-9400 · Other Income	197,637.92		0.00		197,637.92		100.0%	
01-9405 · Stormwater Fees	13,394.63		11,339.00		2,055.63		118.1%	
01-9407 · Engineering Revenue Fees	8,382.00		0.00		8,382.00		100.0%	
01-9408 · Application Fee	23,285.00		0.00		23,285.00		100.0%	
01-9410 · Interest Income (GF)	2,143.39		0.00		2,143.39		100.0%	
Total Income	1,907,335.80		53,826.00		1,853,509.80		3,543.5%	
Expense
01-1308 · Dissemination Agent	
0.00		
27.00		
-27.00		
0.0%	
01-1310 · Engineering	354.06		353.00		1.06		100.3%	
01-1311 · Management Fees	679.32		679.00		0.32		100.0%	
01-1313 · Field Management	2,716.87		2,717.00		-0.13		100.0%	
01-1315 · Legal Fees	242.58		565.00		-322.42		42.9%	
01-1317 · Travel and Per Diem	5.88		7.00		-1.12		84.0%	
01-1318 · Assessment/Tax Roll	70.69		71.00		-0.31		99.6%	
01-1320 · Audit Fees	224.33		6,500.00		-6,275.67		3.5%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll tax expense	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Processing fees	61.70		0.00		61.70		100.0%	
01-1330 · Arbitrage Rebate Fee	4.64		0.00		4.64		100.0%	
01-1331 · Financial Advisory Fees	0.65		0.00		0.65		100.0%	
01-1332 · Development Coordinator	839.83		840.00		-0.17		100.0%	
01-1335 · Administrative Contingency	0.00		0.00		0.00		0.0%	
01-1440 · Rents & Leases	628.88		177.00		451.88		355.3%	
01-1450 · Insurance	762.03		783.00		-20.97		97.3%	
01-1480 · Legal Advertisements	30.64		46.00		-15.36		66.6%	
01-1511 · Bank Fees	0.00		5.00		-5.00		0.0%	
01-1512 · Miscellaneous	118.50		0.00		118.50		100.0%	
01-1513 · Postage and Delivery	8.50		1.00		7.50		850.0%	
01-1514 · Office Supplies	22.33		18.00		4.33		124.1%	
01-1515 · Telephone	0.00		0.00		0.00		0.0%	
01-1516 · Copies	28.35		7.00		21.35		405.0%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1519 · Holiday Decorations	0.00		0.00		0.00		0.0%	
01-1520 · Security	46.76		0.00		46.76		100.0%	
01-1540 · Dues, License & Subscriptions	300.00		175.00		125.00		171.4%	
01-1550 · Trustee Fees (GF)	147.75		247.00		-99.25		59.8%	
01-1600 · BEEP Capital	0.00		0.00		0.00		0.0%	
01-1606 · BEEP O&M
01-1607 · Insurance	
65,399.35		
0.00		
65,399.35		
100.0%	
01-1608 · Legal	2,502.50		0.00		2,502.50		100.0%	
01-1606 · BEEP O&M - Other	-64,634.64		3,746.00		-68,380.64		-1,725.4%	
Total 01-1606 · BEEP O&M	
3,267.21		
3,746.00		
-478.79		
87.2%	
01-1743 · Continuing Disclosure Fee	30.96		41.00		-10.04		75.5%	
01-1801 · Landscaping Maintenance	14,348.74		11,958.00		2,390.74		120.0%	
01-1802 · Tree/Plant Replacement & Trim	2,015.31		1,237.00		778.31		162.9%	
01-1805 · Stormwater Management (GF)	2,203.09		82.00		2,121.09		2,686.7%	
01-1807 · Irrigation Parts & Repair	567.46		344.00		223.46		165.0%	
01-1808 · Irrigation	2,145.74		2,089.00		56.74		102.7%	
01-1810 · Engineering / Inspections	2,273.25		1,374.00		899.25		165.4%	

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
01-1812 · Signage & Amenities Repair	1,650.66		138.00		1,512.66		1,196.1%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	1,134.72		962.00		172.72		118.0%	
01-1815 · Miscellaneous Maintenance	23.81		0.00		23.81		100.0%	
01-1816 · Building Maintenance	0.00		0.00		0.00		0.0%	
01-1817 · Common Area Maintenance	2,060.06		550.00		1,510.06		374.6%	
01-1818 · Fountain Maintenance & Chemical	273.84		412.00		-138.16		66.5%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	29.40		0.00		29.40		100.0%	
01-1825 · Lake Maintenance	2,573.99		3,505.00		-931.01		73.4%	
01-1827 · Streetlights	1,564.34		619.00		945.34		252.7%	
01-1829 · Sidewalk Cleaning	515.44		412.00		103.44		125.1%	
01-1830 · Sidewalk Repair	0.00		619.00		-619.00		0.0%	
01-1831 · Building, Bridge, Monument Main	0.00		4,123.00		-4,123.00		0.0%	
01-1835 · General Reserves	1,167.00		1,167.00		0.00		100.0%	
Total Expense	50,216.84		53,826.00		-3,609.16		93.3%	
Net Income	1,857,118.96		0.00		1,857,118.96		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23

ASSETS
Current Assets Checking/Savings		
01-1000 · Valley National 1157	1,948,861.83	
Total Checking/Savings	1,948,861.83	
Accounts Receivable		
11000 · Accounts Receivable	1,493,830.00	
Total Accounts Receivable	1,493,830.00	
Other Current Assets		
01-1208 · Due From Other Gov Units - Open	999.78	
01-8154 · Deposits	200.00	
Total Other Current Assets	1,199.78	
Total Current Assets	3,443,891.61	
Other Assets		
01-8122 · A/R St Lucie County Excess Fees	-18,711.00	
Total Other Assets	-18,711.00	
TOTAL ASSETS	3,425,180.61	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
01-2020 · Accounts Payable	

204,896.74	
Total Accounts Payable	204,896.74	
Other Current Liabilities		
01-2023 · Due To Other Funds	396,051.84	
01-2025 · Deposits - Engr Deposit	36,142.33	
01-2026 · Deposits - Lake Bank Restoratio	535,941.27	
01-3010 · General Reserve - Signage	500,000.00	
01-3020 · General Maintenance Reserves	97,000.00	
Total Other Current Liabilities	1,565,135.44	
Total Current Liabilities	1,770,032.18	
Total Liabilities	1,770,032.18	
Equity		
30000 · Opening Balance Equity	203,755.31	
99-9999 · Retained Earnings	-405,725.84	
Net Income	1,857,118.96	
Total Equity	1,655,148.43	
TOTAL LIABILITIES & EQUITY	3,425,180.61	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
171,982.06		
175,032.00		
-3,049.94		
98.3%	
01-3810 · Debt Assessment	0.00		326,508.00		-326,508.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-300,388.00		300,388.00		0.0%	
01-3830 · Assessment Fees	-17,972.53		-19,277.00		1,304.47		93.2%	
01-3831 · Assessment Discounts	-16,788.82		-19,277.00		2,488.18		87.1%	
01-9405 · Stormwater Fees	70,155.53		59,389.00		10,766.53		118.1%	
01-9410 · Interest Income (GF)	8,513.31		0.00		8,513.31		100.0%	
Total Income	215,889.55		221,987.00		-6,097.45		97.3%	
Expense
01-1308 · Dissemination Agent	
0.00		
144.00		
-144.00		
0.0%	
01-1310 · Engineering	1,854.22		1,850.00		4.22		100.2%	
01-1311 · Management Fees	3,557.74		3,558.00		-0.26		100.0%	
01-1315 · Legal Fees	1,270.27		2,960.00		-1,689.73		42.9%	
01-1317 · Travel and Per Diem	30.59		37.00		-6.41		82.7%	
01-1318 · Assessment/Tax Roll	369.97		370.00		-0.03		100.0%	
01-1320 · Audit Fees	1,174.67		5,500.00		-4,325.33		21.4%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll Taxes	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Processing Fees	61.70		0.00		61.70		100.0%	
01-1330 · Arbitrage Rebate Fee	24.04		0.00		24.04		100.0%	
01-1331 · Financial Advisory Fees	3.14		0.00		3.14		100.0%	
01-1332 · Development Coordinator	4,398.39		4,398.00		0.39		100.0%	
01-1440 · Rents & Leases	3,293.47		925.00		2,368.47		356.1%	
01-1450 · Insurance	3,990.84		4,102.00		-111.16		97.3%	
01-1480 · Legal Advertisements	160.27		240.00		-79.73		66.8%	
01-1511 · Bank Fees	0.00		25.00		-25.00		0.0%	
01-1512 · Miscellaneous	620.41		0.00		620.41		100.0%	
01-1513 · Postage and Delivery	44.32		6.00		38.32		738.7%	
01-1514 · Office Supplies	116.70		92.00		24.70		126.8%	
01-1516 · Copies	148.26		36.00		112.26		411.8%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	244.75		0.00		244.75		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	773.57		1,296.00		-522.43		59.7%	
01-1606 · BEEP Operations	17,111.88		19,620.00		-2,508.12		87.2%	
01-1743 · Continuing Disclosure Fee	161.97		216.00		-54.03		75.0%	
01-1801 · Landscaping Maintenance	75,151.30		62,629.00		12,522.30		120.0%	
01-1802 · Tree/Plant Replacement & Trim	10,555.01		6,479.00		4,076.01		162.9%	
01-1805 · Stormwater Management (GF)	11,538.52		432.00		11,106.52		2,671.0%	
01-1807 · Irrigation Parts & Repair	2,971.87		1,800.00		1,171.87		165.1%	
01-1808 · Irrigation	11,238.05		10,942.00		296.05		102.7%	
01-1809 · Field Management	14,229.44		14,229.00		0.44		100.0%	
01-1810 · Engineering / Inspections	11,905.98		7,199.00		4,706.98		165.4%	
01-1812 · Signage & Amenities Repair	8,645.12		720.00		7,925.12		1,200.7%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	5,942.94		5,039.00		903.94		117.9%	
01-1815 · Miscellaneous Maintenance	124.53		0.00		124.53		100.0%	
01-1816 · Building Maintenance	0.00		21,596.00		-21,596.00		0.0%	
01-1817 · Common Area Maintenance	10,789.31		2,879.00		7,910.31		374.8%	
01-1818 · Fountain Maintenance & Chemical	1,434.04		2,160.00		-725.96		66.4%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	153.81		0.00		153.81		100.0%	
01-1825 · Lake Maintenance	13,481.12		18,357.00		-4,875.88		73.4%	
01-1826 · Streetlights	8,193.00		3,239.00		4,954.00		252.9%	
01-1829 · Sidewalk Cleaning	2,699.51		2,160.00		539.51		125.0%	
01-1830 · Sidewalk Repair	0.00		3,239.00		-3,239.00		0.0%	
01-1835 · General Reserves	6,108.00		6,108.00		0.00		100.0%	
Total Expense	239,825.25		221,987.00		17,838.25		108.0%	
Net Income	-23,935.70		0.00		-23,935.70		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1000 · Valley National 1173	8,943.99
Total Checking/Savings	8,943.99

Total Current Assets	8,943.99
TOTAL ASSETS	8,943.99

LIABILITIES & EQUITY
Equity
30000 · Opening Balance Equity	4,997.24	
99-9999 · Retained Earnings	27,882.45	
Net Income	-23,935.70	
Total Equity	8,943.99	
TOTAL LIABILITIES & EQUITY	8,943.99	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
426,234.65		
433,796.00		
-7,561.35		
98.3%	
01-3810 · Debt Assessment	0.00		969,395.00		-969,395.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-891,843.00		891,843.00		0.0%	
01-3830 · Assessment Fees	-52,329.83		-56,128.00		3,798.17		93.2%	
01-3831 · Assessment Discounts	-48,883.27		-56,128.00		7,244.73		87.1%	
01-9405 · Stormwater Fees	208,290.65		176,325.00		31,965.65		118.1%	
01-9410 · Interest Income (GF)	20,277.57		0.00		20,277.57		100.0%	
Total Income	553,589.77		575,417.00		-21,827.23		96.2%	
Expense
01-1308 · Dissemination Agent	
0.00		
427.00		
-427.00		
0.0%	
01-1310 · Engineering	5,505.15		5,492.00		13.15		100.2%	
01-1311 · Management Fees	10,562.85		10,563.00		-0.15		100.0%	
01-1315 · Legal Fees	3,771.40		8,788.00		-5,016.60		42.9%	
01-1317 · Travel and Per Diem	90.82		110.00		-19.18		82.6%	
01-1318 · Assessment/Tax Roll	1,098.45		1,098.00		0.45		100.0%	
01-1320 · Audit Fees	3,487.59		5,500.00		-2,012.41		63.4%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll Taxes - Supervisors	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Fees - Supervisors	61.70		0.00		61.70		100.0%	
01-1330 · Arbitrage Rebate Fee	71.39		0.00		71.39		100.0%	
01-1331 · Financial Advisory Fees	9.33		0.00		9.33		100.0%	
01-1332 · Development Coordinator	13,058.72		13,059.00		-0.28		100.0%	
01-1440 · Rents & Leases	9,778.22		2,746.00		7,032.22		356.1%	
01-1450 · Insurance	11,848.72		12,177.00		-328.28		97.3%	
01-1480 · Legal Advertisements	475.84		714.00		-238.16		66.6%	
01-1511 · Bank Fees	0.00		74.00		-74.00		0.0%	
01-1512 · Miscellaneous	1,841.99		0.00		1,841.99		100.0%	
01-1513 · Postage and Delivery	131.59		22.00		109.59		598.1%	
01-1514 · Office Supplies	346.49		275.00		71.49		126.0%	
01-1516 · Copies	440.20		110.00		330.20		400.2%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	726.67		0.00		726.67		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	2,296.73		3,847.00		-1,550.27		59.7%	
01-1606 · BEEP Operations	0.00		0.00		0.00		0.0%	
01-1743 · Continuing Disclosure Fee	480.88		641.00		-160.12		75.0%	
01-1801 · Landscaping Maintenance	223,122.25		185,943.00		37,179.25		120.0%	
01-1802 · Tree/Plant Replacement & Trim	31,337.55		19,235.00		12,102.55		162.9%	
01-1805 · Stormwater Management (GF)	34,257.56		1,282.00		32,975.56		2,672.2%	
01-1807 · Irrigation Parts & Repair	8,823.42		5,343.00		3,480.42		165.1%	
01-1808 · Irrigation	33,365.47		32,487.00		878.47		102.7%	
01-1809 · Field Management	42,246.84		42,247.00		-0.16		100.0%	
01-1810 · Engineering / Inspections	35,348.55		21,373.00		13,975.55		165.4%	
01-1812 · Signage & Amenities Repair	25,667.14		2,137.00		23,530.14		1,201.1%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	17,644.45		14,961.00		2,683.45		117.9%	
01-1815 · Miscellaneous Maintenance	369.74		0.00		369.74		100.0%	
01-1816 · Building Maintenance	0.00		64,118.00		-64,118.00		0.0%	
01-1817 · Common Area Maintenance	32,033.20		8,549.00		23,484.20		374.7%	
01-1818 · Fountain Maintenance & Chemical	4,257.62		6,412.00		-2,154.38		66.4%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	456.68		0.00		456.68		100.0%	
01-1825 · Lake Maintenance	40,025.10		54,500.00		-14,474.90		73.4%	
01-1826 · Streetlights	24,324.82		9,618.00		14,706.82		252.9%	
01-1829 · Sidewalk Cleaning	8,014.77		6,412.00		1,602.77		125.0%	
01-1830 · Sidewalk Repair	0.00		9,618.00		-9,618.00		0.0%	
01-1835 · General Reserves	18,134.00		18,134.00		0.00		100.0%	
Total Expense	650,766.42		575,417.00		75,349.42		113.1%	
Net Income	-97,176.65		0.00		-97,176.65		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1000 · Valley National 1181	19.19
Total Checking/Savings	19.19
Total Current Assets	19.19
TOTAL ASSETS	19.19
LIABILITIES & EQUITY
Equity
30000 · Opening Balance Equity	64,993.29	
99-9999 · Retained Earnings	32,202.55	
Net Income	-97,176.65	
Total Equity	19.19	
TOTAL LIABILITIES & EQUITY	19.19	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
431,208.41		
438,858.00		
-7,649.59		
98.3%	
01-3810 · Debt Assessment	0.00		981,084.00		-981,084.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-902,597.00		902,597.00		0.0%	
01-3830 · Assessment Fees	-52,954.49		-56,798.00		3,843.51		93.2%	
01-3831 · Assessment Discounts	-49,466.79		-56,798.00		7,331.21		87.1%	
01-9405 · Stormwater Fees	210,802.07		178,451.00		32,351.07		118.1%	
01-9410 · Interest Income (GF)	20,571.93		0.00		20,571.93		100.0%	
Total Income	560,161.13		582,200.00		-22,038.87		96.2%	
Expense
01-1308 · Dissemination Agent	
0.00		
433.00		
-433.00		
0.0%	
01-1310 · Engineering	5,571.53		5,558.00		13.53		100.2%	
01-1311 · Management Fees	10,690.22		10,690.00		0.22		100.0%	
01-1315 · Legal Fees	3,816.88		8,894.00		-5,077.12		42.9%	
01-1317 · Travel and Per Diem	91.92		111.00		-19.08		82.8%	
01-1318 · Assessment/Tax Roll	1,111.69		1,112.00		-0.31		100.0%	
01-1320 · Audit Fees	3,529.64		5,500.00		-1,970.36		64.2%	
01-1321 · Field Management	42,756.24		42,756.00		0.24		100.0%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll Taxes - Supervisors	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Fees - Supervisors	61.70		0.00		61.70		100.0%	
01-1330 · Arbitrage Rebate Fee	72.26		0.00		72.26		100.0%	
01-1331 · Financial Advisory Fees	9.44		0.00		9.44		100.0%	
01-1332 · Development Coordinator	13,216.18		13,216.00		0.18		100.0%	
01-1440 · Rents & Leases	9,896.13		2,779.00		7,117.13		356.1%	
01-1450 · Insurance	11,991.59		12,326.00		-334.41		97.3%	
01-1480 · Legal Advertisements	481.57		723.00		-241.43		66.6%	
01-1511 · Bank Fees	0.00		74.00		-74.00		0.0%	
01-1512 · Miscellaneous	1,864.20		0.00		1,864.20		100.0%	
01-1513 · Postage and Delivery	133.18		22.00		111.18		605.4%	
01-1514 · Office Supplies	350.67		278.00		72.67		126.1%	
01-1516 · Copies	445.51		111.00		334.51		401.4%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	735.43		0.00		735.43		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	2,324.42		3,893.00		-1,568.58		59.7%	
01-1606 · BEEP Operations	0.00							
01-1743 · Continuing Disclosure Fee	486.68		649.00		-162.32		75.0%	
01-1801 · Landscaping Maintenance	225,812.63		188,185.00		37,627.63		120.0%	
01-1802 · Tree/Plant Replacement & Trim	31,715.42		19,467.00		12,248.42		162.9%	
01-1805 · Stormwater Management (GF)	34,670.64		1,298.00		33,372.64		2,671.1%	
01-1807 · Irrigation Parts & Repair	8,929.81		5,408.00		3,521.81		165.1%	
01-1808 · Irrigation	33,767.79		32,878.00		889.79		102.7%	
01-1810 · Engineering / Inspections	35,774.78		21,630.00		14,144.78		165.4%	
01-1812 · Signage & Amenities Repair	25,976.64		2,163.00		23,813.64		1,201.0%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	17,857.20		15,141.00		2,716.20		117.9%	
01-1815 · Miscellaneous Maintenance	374.20		0.00		374.20		100.0%	
01-1816 · Building Maintenance	0.00		64,891.00		-64,891.00		0.0%	
01-1817 · Common Area Maintenance	32,419.45		8,652.00		23,767.45		374.7%	
01-1818 · Fountain Maintenance & Chemical	4,308.96		6,489.00		-2,180.04		66.4%	
01-1820 · Contingency	0.00		0.00		0.00		0.0%	
01-1822 · Pest Control	462.19		0.00		462.19		100.0%	
01-1825 · Lake Maintenance	40,507.72		55,158.00		-14,650.28		73.4%	
01-1826 · Streetlights	24,618.13		9,734.00		14,884.13		252.9%	
01-1829 · Sidewalk Cleaning	8,111.41		6,489.00		1,622.41		125.0%	
01-1830 · Sidewalk Repair	0.00		9,734.00		-9,734.00		0.0%	
01-1835 · General Reserves	18,353.00		18,353.00		0.00		100.0%	
Total Expense	658,549.58		582,200.00		76,349.58		113.1%	
Net Income	-98,388.45		0.00		-98,388.45		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1000 · Valley National 1211	1,576.26
Total Checking/Savings	1,576.26

Total Current Assets	1,576.26
TOTAL ASSETS	1,576.26

LIABILITIES & EQUITY
Equity
30000 · Opening Balance Equity	69,693.95	
99-9999 · Retained Earnings	30,270.76	
Net Income	-98,388.45	
Total Equity	1,576.26	
TOTAL LIABILITIES & EQUITY	1,576.26	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
428,224.32		
435,821.00		
-7,596.68		
98.3%	
01-3810 · Debt Assessment	0.00		974,071.00		-974,071.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-896,145.00		896,145.00		0.0%	
01-3830 · Assessment Fees	-52,579.69		-56,396.00		3,816.31		93.2%	
01-3831 · Assessment Discounts	-49,116.65		-56,396.00		7,279.35		87.1%	
01-9405 · Stormwater Fees	209,295.93		177,176.00		32,119.93		118.1%	
01-9410 · Interest Income (GF)	20,495.99		0.00		20,495.99		100.0%	
Total Income	556,319.90		578,131.00		-21,811.10		96.2%	
Expense
01-1308 · Dissemination Agent	
0.00		
430.00		
-430.00		
0.0%	
01-1310 · Engineering	5,531.70		5,519.00		12.70		100.2%	
01-1311 · Management Fees	10,613.80		10,614.00		-0.20		100.0%	
01-1315 · Legal Fees	3,789.59		8,830.00		-5,040.41		42.9%	
01-1317 · Travel and Per Diem	91.26		110.00		-18.74		83.0%	
01-1318 · Assessment/Tax Roll	1,103.75		1,104.00		-0.25		100.0%	
01-1320 · Audit Fees	3,504.41		5,500.00		-1,995.59		63.7%	
01-1321 · Field Management	42,450.60		42,451.00		-0.40		100.0%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll Taxes - Supervisors	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Fees - Supervisors	61.70		0.00		61.70		100.0%	
01-1330 · Arbitrage Rebate Fee	71.74		0.00		71.74		100.0%	
01-1331 · Financial Advisory Fees	9.38		0.00		9.38		100.0%	
01-1332 · Development Coordinator	13,121.70		13,122.00		-0.30		100.0%	
01-1440 · Rents & Leases	9,825.39		2,759.00		7,066.39		356.1%	
01-1450 · Insurance	11,905.87		12,236.00		-330.13		97.3%	
01-1480 · Legal Advertisements	478.13		717.00		-238.87		66.7%	
01-1511 · Bank Fees	0.00		74.00		-74.00		0.0%	
01-1512 · Miscellaneous	1,850.87		0.00		1,850.87		100.0%	
01-1513 · Postage and Delivery	132.23		22.00		110.23		601.0%	
01-1514 · Office Supplies	348.16		276.00		72.16		126.1%	
01-1516 · Copies	442.32		110.00		332.32		402.1%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	730.17		9,020.00		-8,289.83		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	2,307.80		3,866.00		-1,558.20		59.7%	
01-1606 · BEEP Operations	0.00							
01-1743 · Continuing Disclosure Fee	483.20		644.00		-160.80		75.0%	
01-1801 · Landscaping Maintenance	224,198.41		186,840.00		37,358.41		120.0%	
01-1802 · Tree/Plant Replacement & Trim	31,488.70		19,328.00		12,160.70		162.9%	
01-1805 · Stormwater Management (GF)	34,422.79		1,289.00		33,133.79		2,670.5%	
01-1807 · Irrigation Parts & Repair	8,865.98		5,369.00		3,496.98		165.1%	
01-1808 · Irrigation	33,526.40		32,643.00		883.40		102.7%	
01-1810 · Engineering / Inspections	35,519.04		21,476.00		14,043.04		165.4%	
01-1812 · Signage & Amenities Repair	25,790.94		2,148.00		23,642.94		1,200.7%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	17,729.55		15,033.00		2,696.55		117.9%	
01-1815 · Miscellaneous Maintenance	371.53		0.00		371.53		100.0%	
01-1816 · Building Maintenance	0.00		64,427.00		-64,427.00		0.0%	
01-1817 · Common Area Maintenance	32,187.70		8,590.00		23,597.70		374.7%	
01-1818 · Fountain Maintenance & Chemical	4,278.16		6,443.00		-2,164.84		66.4%	
01-1822 · Pest Control	458.88		0.00		458.88		100.0%	
01-1825 · Lake Maintenance	40,218.15		54,763.00		-14,544.85		73.4%	
01-1826 · Streetlights	24,442.15		9,664.00		14,778.15		252.9%	
01-1829 · Sidewalk Cleaning	8,053.43		6,443.00		1,610.43		125.0%	
01-1830 · Sidewalk Repair	0.00		9,664.00		-9,664.00		0.0%	
01-1835 · General Reserves	18,222.00		9,202.00		9,020.00		198.0%	
Total Expense	653,880.11		578,131.00		75,749.11		113.1%	
Net Income	-97,560.21		0.00		-97,560.21		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1203	3,356.07	
Total Checking/Savings	3,356.07	
Other Current Assets		
01-1210 · Due from CDD1	-0.01	
Total Other Current Assets	-0.01	
Total Current Assets	3,356.06	
TOTAL ASSETS	3,356.06	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
70,297.29	
99-9999 · Retained Earnings	30,618.98	
Net Income	-97,560.21	
Total Equity	3,356.06	
TOTAL LIABILITIES & EQUITY	3,356.06	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
393,410.93		
400,390.00		
-6,979.07		
98.3%	
01-3810 · Debt Assessment	0.00		892,249.00		-892,249.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-820,869.00		820,869.00		0.0%	
01-3830 · Assessment Fees	-48,207.06		-51,706.00		3,498.94		93.2%	
01-3831 · Assessment Discounts	-45,032.04		-51,706.00		6,673.96		87.1%	
01-9405 · Stormwater Fees	191,714.82		162,293.00		29,421.82		118.1%	
01-9410 · Interest Income (GF)	19,353.29		0.00		19,353.29		100.0%	
Total Income	511,239.94		530,651.00		-19,411.06		96.3%	
Expense
01-1308 · Dissemination Agent	
0.00		
393.00		
-393.00		
0.0%	
01-1310 · Engineering	5,067.04		5,055.00		12.04		100.2%	
01-1311 · Management Fees	9,722.24		9,722.00		0.24		100.0%	
01-1315 · Legal Fees	3,471.27		8,088.00		-4,616.73		42.9%	
01-1317 · Travel and Per Diem	83.60		101.00		-17.40		82.8%	
01-1318 · Assessment/Tax Roll	1,011.03		1,011.00		0.03		100.0%	
01-1320 · Audit Fees	3,210.04		5,500.00		-2,289.96		58.4%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll Taxes - Supervisors	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Fees - Supervisors	61.70		0.00		61.70		100.0%	
01-1329 · Development Coordinator	12,019.48		12,019.00		0.48		100.0%	
01-1330 · Arbitrage Rebate Fee	65.71		0.00		65.71		100.0%	
01-1331 · Financial Advisory Fees	8.59		0.00		8.59		100.0%	
01-1332 · Management Fees - SpikeRush	0.00							
01-1337 · Lake Maintenance	36,839.82		50,163.00		-13,323.18		73.4%	
01-1440 · Rents & Leases	9,000.05		2,528.00		6,472.05		356.0%	
01-1450 · Insurance	10,905.77		11,208.00		-302.23		97.3%	
01-1480 · Legal Advertisements	437.97		657.00		-219.03		66.7%	
01-1511 · Bank Fees	0.00		68.00		-68.00		0.0%	
01-1512 · Miscellaneous	1,695.40		0.00		1,695.40		100.0%	
01-1513 · Postage and Delivery	121.12		20.00		101.12		605.6%	
01-1514 · Office Supplies	318.92		253.00		65.92		126.1%	
01-1516 · Copies	405.17		101.00		304.17		401.2%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	668.84		8,262.00		-7,593.16		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	2,113.95		3,541.00		-1,427.05		59.7%	
01-1606 · BEEP Operations	0.00							
01-1743 · Continuing Disclosure Fee	442.61		590.00		-147.39		75.0%	
01-1801 · Landscaping Maintenance	205,365.74		171,145.00		34,220.74		120.0%	
01-1802 · Tree/Plant Replacement & Trim	28,843.65		17,705.00		11,138.65		162.9%	
01-1805 · Stormwater Management (GF)	31,531.28		1,180.00		30,351.28		2,672.1%	
01-1807 · Irrigation Parts & Repair	8,121.23		4,918.00		3,203.23		165.1%	
01-1808 · Irrigation	30,710.18		29,901.00		809.18		102.7%	
01-1809 · Field Management	38,884.75		38,885.00		-0.25		100.0%	
01-1810 · Engineering / Inspections	32,535.44		19,672.00		12,863.44		165.4%	
01-1812 · Signage & Amenities Repair	23,624.50		1,967.00		21,657.50		1,201.0%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	16,240.27		13,770.00		2,470.27		117.9%	
01-1815 · Miscellaneous Maintenance	340.32		0.00		340.32		100.0%	
01-1816 · Building Maintenance	0.00		59,016.00		-59,016.00		0.0%	
01-1817 · Common Area Maintenance	29,483.93		7,869.00		21,614.93		374.7%	
01-1818 · Fountain Maintenance & Chemical	3,918.79		5,902.00		-1,983.21		66.4%	
01-1822 · Pest Control	420.34		0.00		420.34		100.0%	
01-1825 · Streetlights	22,389.00		8,852.00		13,537.00		252.9%	
01-1829 · Sidewalk Cleaning	7,376.94		5,902.00		1,474.94		125.0%	
01-1830 · Sidewalk Repair	0.00		8,852.00		-8,852.00		0.0%	
01-1835 · General Reserves	16,692.00		8,430.00		8,262.00		198.0%	
Total Expense	599,401.21		530,651.00		68,750.21		113.0%	
Net Income	-88,161.27		0.00		-88,161.27		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1238	17,197.38	
Total Checking/Savings	17,197.38	
Total Current Assets	17,197.38	
TOTAL ASSETS	17,197.38	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
60,399.85	
99-9999 · Retained Earnings	44,958.80	
Net Income	-88,161.27	
Total Equity	17,197.38	
TOTAL LIABILITIES & EQUITY	17,197.38	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
183,573.43		
186,830.00		
-3,256.57		
98.3%	
01-3810 · Debt Assessment	0.00		116,888.00		-116,888.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-107,537.00		107,537.00		0.0%	
01-3830 · Assessment Fees	-8,728.48		-9,362.00		633.52		93.2%	
01-3831 · Assessment Discounts	-8,153.60		-9,362.00		1,208.40		87.1%	
01-9405 · Stormwater Fees	25,115.37		21,261.00		3,854.37		118.1%	
01-9410 · Interest Income (GF)	8,919.31		0.00		8,919.31		100.0%	
Total Income	200,726.03		198,718.00		2,008.03		101.0%	
Expense
01-1308 · Dissemination Agent	
0.00		
52.00		
-52.00		
0.0%	
01-1310 · Engineering	6,584.94		6,570.00		14.94		100.2%	
01-1311 · Management Fees	12,634.66		12,635.00		-0.34		100.0%	
01-1315 · Legal Fees	4,511.13		10,511.00		-5,999.87		42.9%	
01-1317 · Travel and Per Diem	108.64		131.00		-22.36		82.9%	
01-1318 · Assessment/Tax Roll	1,313.90		1,314.00		-0.10		100.0%	
01-1320 · Audit Fees	4,171.65		5,500.00		-1,328.35		75.8%	
01-1321 · Field Management	5,094.07		5,094.00		0.07		100.0%	
01-1325 · Supervisor Fees	4,020.00		6,480.00		-2,460.00		62.0%	
01-1326 · Payroll Taxes - Supervisors	307.53		0.00		307.53		100.0%	
01-1327 · Payroll Fees - Supervisors	61.70		0.00		61.70		100.0%	
01-1330 · Arbitrage Rebate Fee	85.40		0.00		85.40		100.0%	
01-1331 · Financial Advisory Fees	11.16		0.00		11.16		100.0%	
01-1332 · Development Coordinator	1,574.60		1,575.00		-0.40		100.0%	
01-1440 · Rents & Leases	11,696.14		3,285.00		8,411.14		356.0%	
01-1450 · Insurance	14,172.74		14,566.00		-393.26		97.3%	
01-1480 · Legal Advertisements	569.17		854.00		-284.83		66.6%	
01-1511 · Bank Fees	0.00		88.00		-88.00		0.0%	
01-1512 · Miscellaneous	2,203.28		0.00		2,203.28		100.0%	
01-1513 · Postage and Delivery	157.40		26.00		131.40		605.4%	
01-1514 · Office Supplies	414.45		328.00		86.45		126.4%	
01-1515 · Telephone	0.00		0.00		0.00		0.0%	
01-1516 · Copies	526.54		131.00		395.54		401.9%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	87.62		0.00		87.62		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	2,747.21		464.00		2,283.21		592.1%	
01-1606 · BEEP Operations	60,769.66		69,678.00		-8,908.34		87.2%	
01-1743 · Continuing Disclosure Fee	57.98		77.00		-19.02		75.3%	
01-1801 · Landscaping Maintenance	26,903.80		22,421.00		4,482.80		120.0%	
01-1802 · Tree/Plant Replacement & Trim	3,778.64		2,319.00		1,459.64		162.9%	
01-1805 · Stormwater Management (GF)	4,130.73		155.00		3,975.73		2,665.0%	
01-1807 · Irrigation Parts & Repair	1,063.91		644.00		419.91		165.2%	
01-1808 · Irrigation	4,023.16		3,917.00		106.16		102.7%	
01-1809 · Field Maintenance	0.00							
01-1810 · Engineering / Inspections	4,262.28		2,577.00		1,685.28		165.4%	
01-1812 · Signage & Amenities Repair	3,094.91		258.00		2,836.91		1,199.6%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	2,127.54		1,804.00		323.54		117.9%	
01-1815 · Miscellaneous Maintenance	44.58		0.00		44.58		100.0%	
01-1816 · Building Maintenance	0.00		7,731.00		-7,731.00		0.0%	
01-1817 · Common Area Maintenance	3,862.52		1,031.00		2,831.52		374.6%	
01-1818 · Fountain Maintenance & Chemical	513.37		773.00		-259.63		66.4%	
01-1822 · Pest Control	55.06		0.00		55.06		100.0%	
01-1825 · Lake Maintenance	4,826.17		6,572.00		-1,745.83		73.4%	
01-1826 · Streetlights	2,933.05		1,160.00		1,773.05		252.8%	
01-1829 · Sidewalk Cleaning	966.41		773.00		193.41		125.0%	
01-1830 · Sidewalk Repair	0.00		1,160.00		-1,160.00		0.0%	
01-1835 · General Reserves	5,141.00		5,140.00		1.00		100.0%	
Total Expense	202,533.70		198,719.00		3,814.70		101.9%	
Net Income	-1,807.67		-1.00		-1,806.67		180,767.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1246	5,023.58	
Total Checking/Savings	5,023.58	
Other Current Assets	0.00	
Total Current Assets	5,023.58	
TOTAL ASSETS	5,023.58	
LIABILITIES & EQUITY		
Equity
30000 · Opening Balance Equity	
3,255.92	
99-9999 · Retained Earnings	3,575.33	
Net Income	-1,807.67	
Total Equity	5,023.58	
TOTAL LIABILITIES & EQUITY	5,023.58	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
102,048.67		
103,859.00		
-1,810.33		
98.3%	
01-3830 · Assessment Fees	-2,039.94		-2,188.00		148.06		93.2%	
01-3831 · Assessment Discounts	-1,905.58		-2,188.00		282.42		87.1%	
01-9410 · Interest Income (GF)	5,014.01		0.00		5,014.01		100.0%	
Total Income	103,117.16		99,483.00		3,634.16		103.7%	
Expense
01-1310 · Engineering	
4,646.63		
4,636.00		
10.63		
100.2%	
01-1311 · Management Fees	8,915.59		8,916.00		-0.41		100.0%	
01-1315 · Legal Fees	3,183.26		7,417.00		-4,233.74		42.9%	
01-1317 · Travel and Per Diem	76.66		93.00		-16.34		82.4%	
01-1318 · Assessment/Tax Roll	927.15		927.00		0.15		100.0%	
01-1320 · Audit Fees	2,943.70		5,000.00		-2,056.30		58.9%	
01-1325 · Supervisor Fees	4,389.23		6,480.00		-2,090.77		67.7%	
01-1330 · Arbitrage Rebate Fee	60.26		0.00		60.26		100.0%	
01-1331 · Financial Advisory Fees	7.88		0.00		7.88		100.0%	
01-1440 · Rents & Leases	8,253.32		2,318.00		5,935.32		356.1%	
01-1450 · Insurance	10,000.93		10,278.00		-277.07		97.3%	
01-1480 · Legal Advertisements	401.63		603.00		-201.37		66.6%	
01-1511 · Bank Fees	0.00		62.00		-62.00		0.0%	
01-1512 · Miscellaneous	1,554.73		0.00		1,554.73		100.0%	
01-1513 · Postage and Delivery	111.07		19.00		92.07		584.6%	
01-1514 · Office Supplies	292.46		232.00		60.46		126.1%	
01-1516 · Copies	371.55		93.00		278.55		399.5%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	1,938.55		0.00		1,938.55		100.0%	
01-1743 · Continuing Disclosure Fee	0.00		0.00		0.00		0.0%	
01-1820 · TIM Operations	42,881.82		49,168.00		-6,286.18		87.2%	
01-1835 · General Reserves	2,318.00		2,316.00		2.00		100.1%	
Total Expense	94,199.42		99,483.00		-5,283.58		94.7%	
Net Income	8,917.74		0.00		8,917.74		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1000 · Valley National 1254	4,295.86
Total Checking/Savings	4,295.86

Total Current Assets	4,295.86
TOTAL ASSETS	4,295.86

LIABILITIES & EQUITY
Equity
30000 · Opening Balance Equity	22,348.81	
99-9999 · Retained Earnings	-26,970.69	
Net Income	8,917.74	
Total Equity	4,295.86	
TOTAL LIABILITIES & EQUITY	4,295.86	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
68,643.28		
69,861.00		
-1,217.72		
98.3%	
01-3830 · Assessment Fees	-1,461.89		-1,568.00		106.11		93.2%	
01-3831 · Assessment Discounts	-1,365.62		-1,568.00		202.38		87.1%	
01-9410 · Interest Income (GF)	3,415.90		0.00		3,415.90		100.0%	
Total Income	69,231.67		66,725.00		2,506.67		103.8%	
Expense
01-1310 · Engineering	
2,898.61		
2,889.00		
9.61		
100.3%	
01-1311 · Management Fees	5,561.63		5,562.00		-0.37		100.0%	
01-1315 · Legal Fees	1,985.74		4,627.00		-2,641.26		42.9%	
01-1317 · Travel and Per Diem	47.82		58.00		-10.18		82.4%	
01-1318 · Assessment/Tax Roll	578.36		578.00		0.36		100.1%	
01-1320 · Audit Fees	1,836.31		5,000.00		-3,163.69		36.7%	
01-1325 · Supervisor Fees	4,389.23		6,480.00		-2,090.77		67.7%	
01-1330 · Arbitrage Rebate Fee	37.59		0.00		37.59		100.0%	
01-1331 · Financial Advisory Fees	4.91		0.00		4.91		100.0%	
01-1440 · Rents & Leases	5,148.50		1,446.00		3,702.50		356.1%	
01-1450 · Insurance	6,238.67		6,412.00		-173.33		97.3%	
01-1480 · Legal Advertisements	250.54		376.00		-125.46		66.6%	
01-1511 · Bank Fees	0.00		39.00		-39.00		0.0%	
01-1512 · Miscellaneous	969.86		0.00		969.86		100.0%	
01-1513 · Postage and Delivery	69.28		12.00		57.28		577.3%	
01-1514 · Office Supplies	182.43		145.00		37.43		125.8%	
01-1516 · Copies	231.77		58.00		173.77		399.6%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	1,209.29		0.00		1,209.29		100.0%	
01-1743 · Continuing Disclosure Fee	0.00		0.00		0.00		0.0%	
01-1820 · TIM Operations	26,750.08		30,672.00		-3,921.92		87.2%	
01-1821 · Hydrilla Control	0.00							
01-1835 · General Reserves	6,307.06		1,446.00		4,861.06		436.2%	
Total Expense	65,622.68		66,725.00		-1,102.32		98.3%	
Net Income	3,608.99		0.00		3,608.99		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1000 · Valley National 1262	4,054.54
Total Checking/Savings	4,054.54

Total Current Assets	4,054.54
TOTAL ASSETS	4,054.54

LIABILITIES & EQUITY
Equity
30000 · Opening Balance Equity	14,008.41	
99-9999 · Retained Earnings	-13,562.86	
Net Income	3,608.99	
Total Equity	4,054.54	
TOTAL LIABILITIES & EQUITY	4,054.54	

10/24/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

	Oct '22 - Sep 23		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
325,218.65		
330,987.00		
-5,768.35		
98.3%	
01-3810 · Debt Assessment	0.00		1,057,041.00		-1,057,041.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-972,478.00		972,478.00		0.0%	
01-3830 · Assessment Fees	-46,987.58		-50,398.00		3,410.42		93.2%	
01-3831 · Assessment Discounts	-43,892.86		-50,398.00		6,505.14		87.1%	
01-9405 · Stormwater Fees	45,793.82		38,766.00		7,027.82		118.1%	
01-9410 · Interest Income (GF)	15,682.33		0.00		15,682.33		100.0%	
Total Income	295,814.36		353,520.00		-57,705.64		83.7%	
Expense
01-1308 · Dissemination Agent	
0.00		
94.00		
-94.00		
0.0%	
01-1310 · Engineering	12,103.37		12,075.00		28.37		100.2%	
01-1311 · Management Fees	23,222.99		23,223.00		-0.01		100.0%	
01-1315 · Legal Fees	8,291.63		19,320.00		-11,028.37		42.9%	
01-1317 · Travel and Per Diem	199.69		242.00		-42.31		82.5%	
01-1318 · Assessment/Tax Roll	2,415.01		2,415.00		0.01		100.0%	
01-1320 · Audit Fees	7,667.66		5,500.00		2,167.66		139.4%	
01-1325 · Supervisor Fees	4,389.23		6,480.00		-2,090.77		67.7%	
01-1330 · Arbitrage Rebate Fee	156.97		0.00		156.97		100.0%	
01-1331 · Financial Advisory Fees	20.52		0.00		20.52		100.0%	
01-1332 · Development Coordinator	2,871.02		2,871.00		0.02		100.0%	
01-1440 · Rents & Leases	21,497.95		6,037.00		15,460.95		356.1%	
01-1450 · Insurance	26,050.04		26,773.00		-722.96		97.3%	
01-1480 · Legal Advertisements	1,046.16		1,570.00		-523.84		66.6%	
01-1511 · Bank Fees	0.00		162.00		-162.00		0.0%	
01-1512 · Miscellaneous	4,049.72		0.00		4,049.72		100.0%	
01-1513 · Postage and Delivery	289.32		48.00		241.32		602.8%	
01-1514 · Office Supplies	761.78		604.00		157.78		126.1%	
01-1515 · Telephone	0.00		0.00		0.00		0.0%	
01-1516 · Copies	967.81		242.00		725.81		399.9%	
01-1518 · Web Site	750.00		750.00		0.00		100.0%	
01-1520 · Security	159.76		1,974.00		-1,814.24		8.1%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	5,049.48		846.00		4,203.48		596.9%	
01-1743 · Continuing Disclosure Fee	105.72		141.00		-35.28		75.0%	
01-1801 · Landscaping Maintenance	49,054.61		40,881.00		8,173.61		120.0%	
01-1802 · Tree/Plant Replacement & Trim	6,889.72		4,229.00		2,660.72		162.9%	
01-1805 · Stormwater Management (GF)	7,531.70		282.00		7,249.70		2,670.8%	
01-1806 · Lake Maintenance	8,799.73		11,982.00		-3,182.27		73.4%	
01-1807 · Irrigation Parts & Repair	1,939.87		1,175.00		764.87		165.1%	
01-1808 · Irrigation	7,335.57		7,142.00		193.57		102.7%	
01-1809 · Field Management	9,288.19		9,288.00		0.19		100.0%	
01-1810 · Engineering / Inspections	7,771.56		4,699.00		3,072.56		165.4%	
01-1812 · Signage & Amenities Repair	5,643.05		470.00		5,173.05		1,200.6%	
01-1813 · Wetland Upland Maintenance	0.00		0.00		0.00		0.0%	
01-1814 · Electricity	3,879.22		3,289.00		590.22		117.9%	
01-1815 · Miscellaneous Maintenance	81.29		0.00		81.29		100.0%	
01-1816 · Building Maintenance	0.00		14,097.00		-14,097.00		0.0%	
01-1817 · Common Area Maintenance	7,042.66		1,880.00		5,162.66		374.6%	
01-1818 · Fountain Maintenance & Chemical	936.06		1,410.00		-473.94		66.4%	
01-1822 · Pest Control	100.40		0.00		100.40		100.0%	
01-1825 · TIM Operations	111,696.93		128,071.00		-16,374.07		87.2%	
01-1826 · Sidewalk Cleaning	1,762.09		1,410.00		352.09		125.0%	
01-1827 · Sidewalk Repair	0.00		2,110.00		-2,110.00		0.0%	
01-1828 · Streetlights	5,347.94		2,115.00		3,232.94		252.9%	
01-1835 · General Reserves	4,557.94		7,448.00		-2,890.06		61.2%	
Total Expense	361,899.36		353,520.00		8,379.36		102.4%	
Net Income	-66,085.00		0.00		-66,085.00		100.0%	

10/24/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1000 · Valley National 1165	5,688.75
Total Checking/Savings	5,688.75

Total Current Assets	5,688.75
TOTAL ASSETS	5,688.75

LIABILITIES & EQUITY
Equity
30000 · Opening Balance Equity	135,412.97	
99-9999 · Retained Earnings	-63,639.22	
Net Income	-66,085.00	
Total Equity	5,688.75	
TOTAL LIABILITIES & EQUITY	5,688.75	

10/25/23	Profit & Loss Budget vs. Actual
Accrual Basis	October 2022 through September 2023

Oct '22 - Sep 23	Budget	$ Over Budget	% of Budget
Ordinary Income/Expense Income
01-3300 · Irrigation Revenue	1,927,308.62		1,650,000.00		277,308.62		116.8%	
01-3820 · Debt Assess-Paid To Trustee	-368,925.00		-368,325.00		-600.00		100.2%	
01-9400 · Other Income	0.01							
01-9407 · Engineering Revenue Fees	0.00		17,338.00		-17,338.00		0.0%	
01-9410 · Interest Income (GF)	49,621.08		0.00		49,621.08		100.0%	
Total Income	1,608,004.71		1,299,013.00		308,991.71		123.8%	
Gross Profit	1,608,004.71		1,299,013.00		308,991.71		123.8%	
Expense
01-1310 · Engineering	
84,675.09		
40,000.00		
44,675.09		
211.7%	
01-1311 · Management Fees	366,742.32		366,742.00		0.32		100.0%	
01-1314 · Professional Fees - Other	16,225.00		5,000.00		11,225.00		324.5%	
01-1316 · Field Supplies (Other)	0.00		2,000.00		-2,000.00		0.0%	
01-1317 · Travel and Per Diem	36.02		400.00		-363.98		9.0%	
01-1318 · Vehicle, Gas & Repair	0.00		1,000.00		-1,000.00		0.0%	
01-1319 · Water	284.32		170.00		114.32		167.2%	
01-1320 · General Repair & Maintenance	179,364.02		153,000.00		26,364.02		117.2%	
01-1321 · HVAC	0.00		4,500.00		-4,500.00		0.0%	
01-1322 · Other Utlities	0.00		1,550.00		-1,550.00		0.0%	
01-1324 · Development Coordinator	61,099.92		61,100.00		-0.08		100.0%	
01-1332 · Bad Debt	0.00		65,000.00		-65,000.00		0.0%	
01-1335 · City Franchise Fee	157,656.29		109,421.00		48,235.29		144.1%	
01-1450 · Insurance	0.00		21,102.00		-21,102.00		0.0%	
01-1511 · Bank Fees	0.00		1,250.00		-1,250.00		0.0%	
01-1512 · Miscellaneous	3,986.55		0.00		3,986.55		100.0%	
01-1513 · Postage and Delivery	230.66		253.00		-22.34		91.2%	
01-1514 · Office Supplies	119.10		249.00		-129.90		47.8%	
01-1515 · Telephone	0.00		1,930.00		-1,930.00		0.0%	
01-1516 · Copies	502.95		0.00		502.95		100.0%	
01-1540 · Dues, License & Subscriptions	0.00		2,300.00		-2,300.00		0.0%	
01-1550 · Trustee Fees (GF)	4,246.25		5,000.00		-753.75		84.9%	
01-1744 · Lake Maintenance	735.00		0.00		735.00		100.0%	
01-1801 · Landscaping Maintenance	0.00		11,000.00		-11,000.00		0.0%	
01-1808 · Irrigation Maintenance	1,302.60		0.00		1,302.60		100.0%	
01-1814 · Electricity	146,286.56		105,000.00		41,286.56		139.3%	
01-1820 · Contingency	0.00		26,046.00		-26,046.00		0.0%	
01-1825 · Renewal and Replacement	515,997.02		200,000.00		315,997.02		258.0%	
01-1826 · Other System Improvements	0.00		75,000.00		-75,000.00		0.0%	
01-1827 · Operating Reserves/Misc	0.00		40,000.00		-40,000.00		0.0%	
Total Expense	1,539,489.67		1,299,013.00		240,476.67		118.5%	
Net Ordinary Income	68,515.04		0.00		68,515.04		100.0%	
Net Income	68,515.04		0.00		68,515.04		100.0%	

10/25/23	Balance Sheet
Accrual Basis	As of September 30, 2023

Sep 30, 23
ASSETS
Current Assets Checking/Savings
01-1001 · Valley National #4703		
01-1002 · Valley Natl #4307 - Capacity	35,872.57	
01-1001 · Valley National #4703 - Other	1,446,506.13	
Total 01-1001 · Valley National #4703	
1,482,378.70	
Total Checking/Savings	1,482,378.70	
Accounts Receivable		
01-1200 · Accounts Receivable	207,297.52	
Total Accounts Receivable	207,297.52	
Other Current Assets		
01-2023 · Due From Other Funds	17,900.21	
Total Other Current Assets	17,900.21	
Total Current Assets	1,707,576.43	
Fixed Assets		
01-2030 · Equipment and Furniture	23,957.00	
Total Fixed Assets	23,957.00	
Other Assets		
01-2025 · Deposits	95.00	
01-2035 · Accum Depr - Equipment	-23,955.18	
Total Other Assets	-23,860.18	
TOTAL ASSETS	1,707,673.25	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
01-2020 · Accounts Payable	

346,510.76	
Total Accounts Payable	346,510.76	
Other Current Liabilities		
01-2026 · Deposits - Security Deposit	1,390.22	
01-2027 · Deferred Revenue	10,000.00	
Total Other Current Liabilities	11,390.22	
Total Current Liabilities	357,900.98	
Long Term Liabilities		
11-2180 · Note Payable	93,787.00	
Total Long Term Liabilities	93,787.00	
Total Liabilities	451,687.98	
Equity		
30000 · Net Assets - 270	-87,351.52	
99-9999 · Retained Earnings	1,274,821.75	
Net Income	68,515.04	
Total Equity	1,255,985.27	
TOTAL LIABILITIES & EQUITY	1,707,673.25	

10/25/23	A/R Aging Summary
As of September 30, 2023

	Current		1 - 30		31 - 60		61 - 90		> 90		TOTAL	
706800 Wells Fargo	0.00		0.00		32.70		0.00		0.00		32.70	
Aycock at Tradition	0.00		204.13		0.00		0.00		0.00		204.13	
Baron Shoppes Tradition, LLC	0.00		190.25		0.00		0.00		0.00		190.25	
Bedford Park	0.00		8,866.57		0.00		0.00		8,866.57		17,733.14	
Brennity at Tradition	0.00		3,051.97		0.00		0.00		0.00		3,051.97	
Cellular Sales of Northern Florida LLC	0.00		0.00		86.41		0.00		86.41		172.82	
Chesterbrook Academy	0.00		134.37		134.37		0.00		0.00		268.74	
Christ Fellowship Church	0.00		1,646.88		0.00		0.00		0.00		1,646.88	
Cleveland Clinic Florida	0.00		443.92		443.92		443.92		7,546.64		8,878.40	
Cleveland Clinic Martin Health -Tradition	0.00		64.80		0.00		0.00		0.00		64.80	
Del Webb at Tradition Homeowners Assoc	0.00		3,519.15		3,519.15		3,519.15		10,557.45		21,114.90	
Estates at Tradition	0.00		5,763.07		5,763.07		0.00		11,526.14		23,052.28	
Florida International University	0.00		1,091.97		1,091.97		1,091.97		15,287.58		18,563.49	
Grande Palms at Tradition I & II	0.00		879.92		0.00		0.00		879.92		1,759.84	
Grande Palms at Tradition III	0.00		1,708.31		0.00		0.00		1,708.31		3,416.62	
Heritage Oaks	0.00		0.00		0.00		0.00		0.00		0.00	
Heritage Oaks at Tradition HOA	0.00		11,857.11		11,857.11		0.00		0.00		23,714.22	
Heron Preserves	0.00		1,748.45		1,184.18		1,184.18		8.30		4,125.11	
Hilton - Homewood Suites, PSL	0.00		346.82		0.00		0.00		0.00		346.82	
Innovo Development Group, LLC	0.00		188.27		0.00		0.00		0.00		188.27	
Kite Realty Group	0.00		2,815.73		0.00		0.00		0.00		2,815.73	
Manderlie at Tradition	0.00		0.00		0.00		0.00		4,768.84		4,768.84	
Martin Health System	0.00		921.54		921.54		921.54		11,980.02		14,744.64	
Panda Restaurant Group Inc	0.00		57.27		57.27		0.00		0.00		114.54	
Pegasus PSL, Ltd	0.00		283.40		283.40		0.00		0.00		566.80	
RDP II LLC	0.00		0.00		0.00		0.00		88.09		88.09	
Recovery Sports Grill	0.00		0.00		0.00		0.00		0.01		0.01	
Seven Restaurants, LLC	0.00		89.18		89.18		89.18		178.36		445.90	
SG Mini Golf	0.00		158.54		0.00		0.00		0.00		158.54	
South Florida Orthopedic	0.00		178.36		0.00		0.00		0.00		178.36	
St Lucie County Fire Dept.	0.00		223.94		0.00		0.00		223.94		447.88	
TH PSL Village Parkway LLC	0.00		89.18		0.00		0.00		0.00		89.18	
The Lakes at Tradition	0.00		0.00		0.00		0.00		1,169.29		1,169.29	
The Preserves Phase I & II	0.00		933.43		933.43		0.00		1,866.86		3,733.72	
Tradition CDD #1	0.00		13,971.69		0.00		0.00		0.00		13,971.69	
Tradition HOA	0.00		1,898.56		0.00		0.00		0.00		1,898.56	
Treasure Coast Physicians Properties, LLC	0.00		6.54		0.00		0.00		0.00		6.54	
Truist Bank	0.00		91.16		91.16		91.16		273.48		546.96	
Victoria Parc	0.00		0.00		0.00		0.00		297.64		297.64	
Victoria Parc 2	0.00		0.00		0.00		0.00		184.10		184.10	
Victoria Parc at Tradition HOA	0.00		6,312.03		0.00		0.00		25,248.12		31,560.15	
Wawa, Inc.	0.00		0.00		0.00		0.00		-95.92		-95.92	
Westcliffe Estates HOA	0.00		120.10		120.10		120.10		720.60		1,080.90	
TOTAL	0.00		69,856.61		26,608.96		7,461.20		103,370.75		207,297.52