ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
OCTOBER 16, 2023
9:00 A.M.

Special District Services, Inc.
27499 Riverview Center Boulevard, #253 Bonita Springs, FL 33134

www.arborwoodcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
Amenity Center Community Room Somerset at the Plantation 10401 Dartington Drive
Fort Myers, Florida, 33913
REGULAR BOARD MEETING
October 16, 2023
9:00 A.M.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
September 18, 2023 Regular Board Meeting…	Page 2
Old Business
Update Regarding Road and School Impact Fee Credits
Update Regarding Treeline Streetlighting
Discussion Regarding Individual Environmental Resource Permit
Update Regarding Dead Trees
New Business
Consider Resolution No. 2023-07 – Adopting a Fiscal Year 2022/2023 Amended Budget…	Page 6
Consider and Approve 2-Year Renewal Option – Grau & Associates…	Page 13
Administrative Matters
Manager’s Report
Financials…	Page 14
Attorney’s Report
Engineer Report
Field Inspectors Report
Preserves Compliance Updates
Board Members Comments
Adjourn

Publication Date 2023-10-06

Subcategory Miscellaneous Notices

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
Regular Meetings of the Board of Supervisors of the Arborwood Community Development District will be held at 9:00 a.m. in the Amenity Center Community Room, Somerset at the Plantation, 10401 Dartington Drive, Fort Myers, Florida, 33913 on the following dates:
October 16, 2023
November 20, 2023
December 18, 2023
January 15, 2024
February 19, 2024
March 18, 2024
April 15, 2024
May 20, 2024
June 17, 2024
July 15, 2024
August 19, 2024
September 16, 2024
The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. The meetings may be continued in progress without additional notice to a time, date, and location stated on the record. Copies of the agenda for these meetings may be obtained from the Districts website or from the District Manager, Special District Services, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410. There may be occasions when one or more Supervisors will participate by telephone.
Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in these meetings is asked to advise the District Office at least forty-eight (48) hours before the meeting by contacting the District Manager at 941-223-2475 and/or toll free at 1-877-737-4922. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800- 955-8770, who can aid you in contacting the District Office.
A person who decides to appeal any decision made at the meeting with respect to any matter considered at a particular meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.
Meetings may be cancelled from time to time without advertised notice. Michelle Krizen
District Manager
Arborwood Community Development District www.arborwoodcdd.org
PUBLISH: FORT MYERS NEWS-PRESS 10/06/23

Page 1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
SEPTEMBER 18, 2023

CALL TO ORDER

The September 18, 2023, Regular Board Meeting of the Arborwood Community Development District (the “District”) was called to order at 9:00 a.m. in the Amenity Center Community Room of the Somerset at the Plantation located at 10401 Dartington Drive, Fort Myers, Florida 33913.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on August 8, 2023, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

Chairman	Joan Pattison	Present	
Vice Chairman	Jeff Gordish	Present	
Supervisor	Jack Aycock	Present	
Supervisor	Donald Schrotenboer	Present	
Supervisor	Karin Hagen	Present	

Staff members in attendance were:

District Manager	Michelle Krizen	Special District Services, Inc.	
General Counsel	Wes Haber (via phone)	Kutak Rock, LLC	
District Engineer	Ryan Lorenz	JR Evans Engineering	
Field Inspector	Bohdan Hirniak		

Also present was Bethany Brosious of Passarella & Associates as well as Josh Evans (via phone) and Brian Duffy.

ADDITIONS OR DELETIONS TO THE AGENDA

There was a consensus of the Board to add a Berm Discussion under New Business.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Mr. Duffy from Bridgetown advised he was working on a drone policy for Bridgetown and wanted to confirm the CDD did not have a policy in place. The CDD does not and the CDD staff does not use drones in their work. Mr. Duffy explained the District is in Class C airspace and limited to 200 feet or 400 feet, depending on the locations. Mr. Duffy will work with Bridgetown to create a HOA policy on drone usage. Mr. Duffy will share the policy with the CDD once it has been completed.

Page 1 of 4

APPROVAL OF MINUTES
August 21, 2023, Public Hearing & Regular Board Meeting

The August 21, 2023, Public Hearing &Regular Board Meeting minutes were presented for consideration. Mr. Aycock lives in Mariana Bay not Botanical Lakes, as was stated in the Manager’s Report.
A motion was then made by Mr. Schrotenboer, seconded by Mr. Gordish and passed unanimously approving the August 21, 2023, Public Hearing & Regular Board Meeting minutes, as amended.

OLD BUSINESS
Update Regarding Road and School Impact Fee Credits

Mr. Haber will coordinate with Ms. Krizen to begin the proceedings.

Update Regarding Treeline Streetlighting

American Infrastructure (AIS) has provided a proposal to complete the punch list from Lee County prior to the County assuming the streetlighting. Mr. Gordish questioned replacing the pole completely. There were two blank spots by design and two poles have already been contracted to be replaced. Ms., Krizen will reach out to AIS for clarification.

A motion was made by Mr. Gordish, seconded by Mr. Schrotenboer and passed unanimously authorizing District staff to accept the proposal and execute a contract with American Infrastructure upon clarification of the replacement pole.

Discussion Regarding Individual Environmental Resource Permit

There were no updates regarding this item.

NEW BUSINESS
Consider Contract with Woods and Wetlands for Vegetation Maintenance Control

It was noted that there had not been any increase in costs to this contract and it would allow for continued treatments of the preserves.

A motion was made by Mr. Gordish, seconded by Ms. Hagen and passed unanimously approving the contract with Woods and Wetlands for vegetation maintenance control, as presented.

Status of Dead Tree Removal in Somerset CDD Preserve

The tree on Chadsford Circle has been inspected by SFWMD and approved for removal. Ms. Krizen has requested a proposal and is waiting to hear back from the vendor.

There are several new trees that have been sent to SFWMD for inspection and approval. There are two trees on New Market that Mr. Hirniak has identified. A resident has also identified a tree on Castlereagh Street. Ms. Krizen was directed to facilitate following the recommendations of SFWMD.

Page 2 of 4

Consider Drainage Inspection
It was noted that the Sewer Viewer has a daily rate of $3,250. The remaining budget for Summerset is $6,400 and Bridgetown is $2,500. Serwer Viewer will use the inspection maps and complete as much work as possible within the budget provided.

A motion was made by Mr. Schrotenboer, seconded by Ms. Hagen and passed unanimously approving the drainage inspection, as presented.

Discussion Regarding the Berm

A berm has been removed from Bridgetown. A resident reached out as they were concerned it was in violation of the SFWMD permits and could cause flooding. Upon review by Josh Evan, the District Engineer, the area removed was a landscape buffering and not related to the Districts permits.

Updates Regarding Lake Bank Repairs

Dragonfly has postponed the treatments until mid-October. The repairs work best when there is a two-week window after placement to firm up without substantial rains.

ADMINISTRATIVE MATTERS
Manager’s Report

Financials

Ms. Krizen presented the financial. The Board had no questions.

Ms. Krizen advised that the next meeting was scheduled for October 16, 2023, and would include the amended budget.

Attorney’s Report

Mr. Haber had no updates to provide but was available to answer any questions. Mr. Gordish asked about the completion of the Bond Estoppel. Ms. Krizen will confirm the process has been completed and will share that information with the Board. There were no further questions for Mr. Haber.

Engineer’s Report

Mr. Lorenz and Mr. Evans had nothing further to report.

Field Inspector’s Report

The lakes continue to work well. There is no unusual growth. The monthly rainfall is 6% of typical and Year- to-Date is 67%. Mr. Hirniak has noticed one area with bad erosion and will confirm with Mr. Lorenz that is on the Dragonfly list.

Preserves Compliance Report

Ms. Brosious had nothing new to report. All work had been completed and signed off by SFWMD.
Page 3 of 4

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Aycock, seconded by Ms. Hagen and passed unanimously adjourning the Regular Board Meeting at 9:52 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

RESOLUTION NO. 2023-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2022/2023 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Arborwood Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is hereby approved and adopted.

Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 16th day of October, 2023.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Arborwood Community Development District

Amended Final Budget Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED BUDGET COMPARISON

AMENDED GENERAL FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2014 BOND

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

AMENDED BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES		FISCAL YEAR 2022/2023
ANNUAL BUDGET		FISCAL YEAR 2022/2023
AMENDED BUDGET		FISCAL YEAR 2022/2023 ACTUAL
10/1/2022 - /2 /2023	
GENERAL FUND ON ROLL ASSESSMENT		503,606		504,5 3		504,563	
GENERAL FUND DIRECT BILL ASSESSMENTS		1,011		0		0	
DEBT ON ROLL ASSESSMENTS		3,23 ,6 2		3,240,34 		3,240,34 	
DEBT DIRECT BILL ASSESSMENTS		30,1 5		0		0	
INTEREST MISCELLANEOUS GENERAL FUND		0		0		0	
GENERAL FUND OTHER REVENUES CARRY OVER		18,000		 4,5 		 4,56 	
TOTAL REVENUES			3, 2,504			3,81 ,4 			3,81 ,4 	

EXPENDITURES							
PAYROLL TAX EXPENSE		880		 42		642	
SUPERVISOR FEES		11,000		8,400		8,400	
ENGINEERING		32,500		4 ,500		41,521	
MANAGEMENT		38,568		38,5 8		38,568	
LEGAL		22,000		13,000		10,242	
ASSESSMENT ROLL		5,000		5,000		5,000	
ANNUAL AUDIT		5,350		5,350		5,350	
ARBITRAGE REBATE FEE		2,000		1,000		1,000	
INSURANCE		12,000		10,83 		10,83 	
LEGAL ADVERTISING		5,500		4,500		3,223	
MISCELLANEOUS		3,300		3,000		2,504	
POSTAGE		1,150		2, 5		2, 26	
OFFICE SUPPLIES		2,300		3,8 5		3,801	
DUES & SUBSCRIPTIONS		1 5		1 5		1 5	
TRUSTEE FEES		30,000		25,000		4,246	
CONTINUING DISCLOSURE FEE		4,000		3,000		3,000	
AMORTIZATION SCHEDULES FEE		500		300		300	
WEBSITE		2,000		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		0		0	
TREELINE PRESERVE MAINTENANCE - EXOTICS		6,000		3,000		0	
DRI TRAFFIC MONITORING		10,000		5,000		0	
MISCELLANEOUS MAINTENANCE		0		13, 1 		13, 16	
ENVIRONMENTAL CONSULTING - PASSARELLA		22,000		22,000		1 ,110	
PANTHER MITIGATION MAINTENANCE - EXOTICS		80,000		80,000		80,000	
STREET LIGHTING - UTILITY & MAINTENANCE		13,000		 ,335		6,335	
CAPITAL OUTLAY - SMALL		1,000		0		0	
FLOWWAY MAINTENANCE		4,600		2,300		0	
PRESERVE MAINTENANCE - PARCEL C		10,800		10,800		10,800	
LA.E MAINTENANCE - SOMERSET ONLY		46,100		4 ,0 8		46,068	
LA.E BAN. EROSION - SOMERSET ONLY		36,500		50,100		10,020	
PRESERVE MAINTENANCE (SOMERSET ONLY)		35,000		3 ,500		3 ,500	
FIELD INSPECTOR (SOMERSET ONLY)		25,500		25,13 		25,136	
STORMWATER DRAINS INS & MAINT (SOMERSET ONLY)		20,000		10,000		0	
STORMWATER DRAINS INS (BRIDGETOWN ONLY)		2,500		1,250		0	
TRWDO E[SHQGLWXUHV		4 2,4 3		48 ,32 		3 4,422	
							
EXCESS / S+ORTFALL 			3,300,031			3,330,150			3,425,05 	
							
DEBT PAYMENTS (2014)		(60 ,6 3)		 5 ,032 		(5 ,032)	
DEBT PAYMENTS (2018)		(2,530,626)		 2,528, 23 		(2,528, 23)	
BALANCE			15 , 32			222,3 5			31 ,302	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(10,000)		 10,0 0 		(10,0 0)	
DISCOUNTS FOR EARLY PAYMENTS		(14 , 32)		 143,131 		(143,131)	
NET EXCESS / S+ORTFALL 			-			 ,1 4			1 4,101	

Note: All Figures are Un-audited

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES		FISCAL YEAR 2022/2023
ANNUAL BUDGET		FISCAL YEAR 2022/2023
AMENDED BUDGET		FISCAL YEAR 2022/2023 ACTUAL
10/1/2022 - 9/29/2023	
ON ROLL ASSESSMENTS		503,606		504,563		504,563	
DIRECT BILL ASSESSMENTS		1,011		3,565		0	
OTHER REVENUES / CARRY OVER		18,000		74,567		74,567	
Total Revenues		$	522,617		$	582,695		$	579,130	
	
EXPENDITURES	
PAYROLL TAX EXPENSE		880		642		642	
SUPERVISOR FEES		11,000		8,400		8,400	
ENGINEERING		32,500		46,500		41,521	
MANAGEMENT		38,568		38,568		38,568	
LEGAL		22,000		13,000		10,242	
ASSESSMENT ROLL		5,000		5,000		5,000	
ANNUAL AUDIT		5,350		5,350		5,350	
ARBITRAGE REBATE FEE		2,000		1,000		1,000	
INSURANCE		12,000		10,839		10,839	
LEGAL ADVERTISING		5,500		4,500		3,223	
MISCELLANEOUS		3,300		3,000		2,504	
POSTAGE		1,150		2,775		2,726	
OFFICE SUPPLIES		2,300		3,875		3,801	
DUES & SUBSCRIPTIONS		175		175		175	
TRUSTEE FEES		30,000		25,000		4,246	
CONTINUING DISCLOSURE FEE		4,000		3,000		3,000	
AMORTIZATION SCHEDULES FEE		500		300		300	
WEBSITE		2,000		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		0		0	
TREELINE PRESERVE MAINTENANCE - EXOTICS		6,000		3,000		0	
DRI TRAFFIC MONITORING		10,000		5,000		0	
MISCELLANEOUS MAINTENANCE		0		13,916		13,916	
ENVIRONMENTAL CONSULTING - PASSARELLA		22,000		22,000		19,110	
PANTHER MITIGATION MAINTENANCE - EXOTICS		80,000		80,000		80,000	
STREET LIGHTING - UTILITY & MAINTENANCE		13,000		6,335		6,335	
CAPITAL OUTLAY - SMALL		1,000		0		0	
FLOWWAY MAINTENANCE		4,600		2,300		0	
PRESERVE MAINTENANCE - PARCEL C		10,800		10,800		10,800	
LA.E MAINTENANCE - SOMERSET ONLY		46,100		46,068		46,068	
LA.E BAN. EROSION - SOMERSET ONLY		36,500		50,100		10,020	
PRESERVE MAINTENANCE (SOMERSET ONLY)		35,000		39,500		39,500	
FIELD INSPECTOR (SOMERSET ONLY)		25,500		25,136		25,136	
STORMWATER DRAINS INS & MAINT (SOMERSET ONLY)		20,000		10,000		0	
STORMWATER DRAINS INS (BRIDGETOWN ONLY)		2,500		1,250		0	
Total E[SenGLtuUes		492,473		489,329		394,422	
							
EXCESS / S+ORTFALL 		$	30,144		$	93,366		$	184,708	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(10,000)		 1,391 		(1,391)	
DISCOUNTS FOR EARLY PAYMENTS		(20,144)		 19,758 		(19,758)	
							
NET EXCESS / S+ORTFALL 		$	-		$	72,217		$	163,559	

Note: All Figures are Un-audited

Fund Balance on 9/30/2022	
Less Amended 2022/2023 Net Excess /(Shortfall)	
Estimated Fund Balance on 9/30/2023	

 
$	312,575	
$	72,217	
$	384,792	

2

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	Series 2014A-1 Bond			Series 2014A-2 Bond	
	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR				FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023	2022/2023	2022/2023 ACTUAL				2022/2023		2022/2023		2022/2023 ACTUAL	
	 ANNUAL BUDGET	AMENDED BUDGET	 10/1/2022 - 9/29/2023				 ANNUAL BUDGET		AMENDED BUDGET		 10/1/2022 - 9/29/2023 	

REVENUES							
REVENUES								
Net On Roll Assessments		478,611	478,227	478,227		Net On Roll Assessments		100,867		100,805		100,805	
Interest Income		0	33,666	33,566		Interest Income		0		8,401		8,391	
Bond Prepayments		0	0	0		Bond Prepayments		0		0		0	
Direct Bill Assessments - Lennar 			9,124		35,508		35,508		Direct Bill Assessments - Lennar				1,923			16,116			16,116	
Total Revenues			 $	487,735	 $	547,401	 $	547,301		Total Revenues			 $	102,790		 $	125,322		 $	125,312	

EXPENDITURES							
EXPENDITURES								
Principal Payments		190,000	190,000	190,000		Principal Payments		40,000		40,000		40,000	
Interest Payments		297,735	304,290	304,290		Interest Payments		62,790		64,170		64,170	
Principal Redemption		0	0	0		Principal Redemption		0		0		0	
Miscellaneous				0		2,020		2,020		Miscellaneous				0			0			0	
Total Expenditures			 $	487,735	 $	496,310	 $	496,310		Total Expenditures			 $	102,790		 $	104,170		 $	104,170	
ExFess / SKortfall			 $	-	
 $	51,091	 $	50,991		ExFess / SKortfall			 $	-		 $	21,152		 $	21,142	

Series 2014 A-1 Bond Information	Series 2014 A-2 Bond Information
Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652	
Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000	
Interest Rate =	6 90 	Interest Rate =	6 90 	
Issue Date =	Dec 2014	Bifurcated Date =	Dec 2014	
Maturity Date =	May 2036	Maturity Date =	May 2036	
Annual Principal Payments Due =	May 1st	Annual Principal Payments Due =	May 1st	
Annual Interest Payments Due =	May 1st & November 1st	Annual Interest Payments Due =	May 1st & November 1st	

Maturity Par Amount As Of 9/30/23 =  $4,220,000	Maturity Par Amount As Of 9/30/23 $930,000

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$1,089,537	
$72,243	
$1,161,780	

Notes	Notes
Reserve Fund Balance = $503,233* Revenue Fund Balance = $166,071*	Reserve Fund Balance = $107,960* Revenue Fund Balances = $53,917* Prepayment Fund Balances = $4,909*	Prepayment Fund Balance = $325,780* 

Revenue Account	Revenue Account
To Fund November 1, 2023 Interest Payment:	To Fund November 1, 2023 Interest Payment:
Series 2014A-1: $145,590	Series 2014A-2: $30,705

* Approximate Amounts	* Approximate Amounts

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

2018A-1 & 2018A-2		
FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2022/2023	2022/2023	2022/2023 ACTUAL	
REVENUES		 ANNUAL BUDGET  AMENDED BUDGET 10/1/2022 - 9/29/2023	
Net On Roll Assessments		2,530,626		2,528,723		2,528,723		
Bond Prepayments		0		0		0		
Interest Income				0			36,655			36,555		
Total Revenues			 $	2,530,626		 $	2,565,378		 $	2,565,278		
EXPENDITURES	
Principal Payments (2018A-1)		
1,150,000		
1,150,000		
1,150,000		
Principal Payments (2018A-2)		650,249		400,000		400,000		
Interest Payments (2018A-1)		355,000		664,463		664,463		
Interest Payments (2018A-2)		327,634		332,763		332,763		
Bond Redemption (2018-1)		47,743		10,000		10,000		
Bond Redemption (2018-2)				0			0			0		
Total Expenditures			 $	2,530,626		 $	2,557,226		 $	2,557,226		
ExFess / SKortfall			 $	-		 $	8,152		 $	8,052		

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$1,357,615	
$8,152	
$1,365,767	

Notes
Reserve Fund Balances = $796,106*. Revenue Fund Balance = $561,657*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payments Of $475,739 (2018A-1: $317,776 & 2018A-2: $157,963).
Prepayment Account Balance = $6,857*. Excess Revenue Fund Balance = $1,147.
* Approximate Amounts

	Series 2018 A-1 Bond Information	
Original Par Amount =	$24,465,000
Interest Rate =	3.02%
Issue Date =	February 2018
Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st
Annual Interest Payments Due =	May 1st & November 1st Par Amount As Of 9/30/23 =	$18,750,000

	Series 2018 A-2 Bond Information	
Original Par Amount =	$8,740,000
Interest Rate =	4.65%
Issue Date =	February 2018
Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st
Annual Interest Payments Due =	May 1st & November 1st Par Amount As Of 9/30/23 =	$6,470,000

October 16, 2023

RE: Arborwood Community Development District Auditor Renewal

At the December 21, 2020 Arborwood Community Development District Board Of Supervisors meeting, the firm of Berger, Toombs, Elam, Gaines & Frank was selected to perform the 9-30-2020, 9-30-2021 and 9-30-2022 year end audits of the District with an option to perform the 9-30-2023 and 9-30-2024 audits.

The fees for the 9-30-2020 audit were $5,350. The fees for the 9-30-2021 audit were
$5,350. And the fees for the 9-30-2022 audit were $5,350. The proposed fee for the
9-30-2023 audit is $5,350, which is the budgeted amount for audit fees for Fiscal Year 2023/2024. And the proposed fee for the 9-30-2024 audit is $5,350.

Management is pleased with the professionalism and the competence of the Berger, Toombs, Elam, Gaines & Frank partners and staff; therefore management recommends that the Board approve the renewal option for the Fiscal Year Ending 9-30-2023 and 9- 30-2024 audits for Berger, Toombs, Elam, Gaines & Frank.

Special District Services, Inc.

Arborwood Community Development District
Budget vs. Actual
October 2022 through September 2023

Oct '22 - Sep 23	22/23 Budget	$ Over Budget	% of Budget
  	 
Income

01-3100 • O & M Assessments	504,563.37		503,606.00		957.37		100.19%	
01-3305 • O&M Assesments-Off Roll-Lennar	0.00		1,011.00		-1,011.00		0.0%	
01-3812 • Debt Assessments (2018)	2,636,606.35		2,636,069.00		537.35		100.02%	
01-3818 • Debt Assessments (2014A-1)	603,743.05		603,623.00		120.05		100.02%	
01-3822 • Debt Assess-Pd To Trustee-2018	-2,528,722.95		-2,530,626.00		1,903.05		99.93%	
01-3829 • Debt Asses-Pd To Trustee-2014A	-579,032.15		-609,673.00		30,640.85		94.97%	
01-3830 • Assessment Fees	-10,069.50		-10,000.00		-69.50		100.7%	
01-3831 • Assessment Discounts	-143,130.91		-149,732.00		6,601.09		95.59%	
01-3922 • Debt Direct Bill - Lennar(2014)	0.00		30,195.00		-30,195.00		0.0%	
01-9400 • Other Revenue	74,566.45		18,000.00		56,566.45		414.26%	
Total Income	558,523.71		492,473.00		66,050.71		113.41%	
Expense								
01-1130 • Payroll Tax Expense	642.60		880.00		-237.40		73.02%	
01-1131 • Supervisor Fees	8,400.00		11,000.00		-2,600.00		76.36%	
01-1310 • Engineering	41,521.08		32,500.00		9,021.08		127.76%	
01-1311 • Management Fees	38,568.00		38,568.00		0.00		100.0%	
01-1313 • Website Management	1,999.92		2,000.00		-0.08		100.0%	
01-1315 • Legal Fees	10,242.00		22,000.00		-11,758.00		46.56%	
01-1318 • Assessment/Tax Roll	5,000.00		5,000.00		0.00		100.0%	
01-1320 • Audit Fees	5,350.00		5,350.00		0.00		100.0%	
01-1330 • Arbitrage Rebate Fee	1,000.00		2,000.00		-1,000.00		50.0%	
01-1332 • Amortization Schedule Fee	300.00		500.00		-200.00		60.0%	
01-1450 • Insurance	10,839.00		12,000.00		-1,161.00		90.33%	
01-1480 • Legal Advertisements	3,222.92		5,500.00		-2,277.08		58.6%	
01-1512 • Miscellaneous	2,503.60		3,300.00		-796.40		75.87%	
01-1513 • Postage and Delivery	2,726.31		1,150.00		1,576.31		237.07%	
01-1514 • Office Supplies	3,801.40		2,300.00		1,501.40		165.28%	
01-1540 • Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1555 • Trustee Fees	4,246.25		30,000.00		-25,753.75		14.15%	
01-1743 • Continuing Disclosure Fee	3,000.00		4,000.00		-1,000.00		75.0%	

Arborwood Community Development District
Budget vs. Actual
October 2022 through September 2023

	Oct '22 - Sep 23		22/23 Budget		$ Over Budget		% of Budget	

01-1811 • Professional Fee & Permits	
0.00		
1,250.00		
-1,250.00		
0.0%	
01-1815 • Miscellaneous Maintenance	13,916.01		0.00		13,916.01		100.0%	
01-1816 • Treeline Preserve Maint-Exotics	0.00		6,000.00		-6,000.00		0.0%	
01-1818 • DRI / Traffic Monitoring	0.00		10,000.00		-10,000.00		0.0%	
01-1819 • Environmentl Cnsltng-Passarella	19,110.00		22,000.00		-2,890.00		86.86%	
01-1820 • Panther Mitigation Mnt-Exotics	80,000.00		80,000.00		0.00		100.0%	
01-1822 • Street Lighting-Utility & Maint	6,334.75		13,000.00		-6,665.25		48.73%	
01-1824 • Field Inspector - Somerset Only	25,135.60		25,500.00		-364.40		98.57%	
01-1825 • Lake Maintenance-Somerset Only	46,068.00		46,100.00		-32.00		99.93%	
01-1826 • Preserve Maint - Somerset Only	39,500.00		35,000.00		4,500.00		112.86%	
01-1827 • Flowway Maintenance	0.00		4,600.00		-4,600.00		0.0%	
01-1828 • Preserve Maint (Parcel C Only)	10,800.00		10,800.00		0.00		100.0%	
01-1829 • Lake Bank Erosion Mte(Somerset)	10,020.00		36,500.00		-26,480.00		27.45%	
01-1830 • Strmwtr Drains Ins/MTE-Somerset	0.00		20,000.00		-20,000.00		0.0%	
01-1831 • Strmwtr Drains Ins (Bridgetown)	0.00		2,500.00		-2,500.00		0.0%	
01-1850 • Capital Outlay - Small	0.00		1,000.00		-1,000.00		0.0%	
Total Expense	394,422.44		492,473.00		-98,050.56		80.09%	
1et Income	164,101.27		0.00		164,101.27		100.0%	

Bank Balance As Of 9/30/23	
$	495,560.36	

Accounts Payable As Of 9/30/23	
$	18,883.97	

Other Assets As Of 9/30/23	
$	-	

Total Fund Balance As Of 9/30/23	
$	476,676.39	

Series 2014A-1 Bond Balance As Of 9/30/23	
$	4,220,000.00	

Series 2014A-2 Bond Balance As Of 9/30/23	
$	890,000.00	

Series 2018A-1 Bond Balance As Of 9/30/23	
$ 18,750,000.00	
Series 2018A-2 Bond Balance As Of 9/30/23	$	6,470,000.00	

Total Bond Balance As Of 9/30/23	
$ 30,330,000.00