Dowden West Community Development District

Agenda April 21, 2022

AGENDA

Dowden West
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

April 14, 2022

Board·of Supervisors Dowden West Community Development District

Dear Board Members:

The Board of Supervisors of Dowden West Community Development District will meet Thursday, April 21, 2022 at 9:00 AM at the Offices of GMS-CF, LLC, 219 E. Livingston Street, Orlando, FL 32801. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2023
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2022-05 Electing an Assistant Secretary
Approval of Minutes of February 17, 2022 Meeting
Consideration of Resolution 2022-04 Approving the Proposed Fiscal Year 2023 Budget and Setting a Public Hearing
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Supervisor's Requests
Other Business
Next Meeting Date
Adjournment

The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is Organizational Matters. Section A is the appointment of individual to fulfill the Board vacancy with a term ending November 2023. Section B is the administration of Oath of Office to the newly appointed Supervisor. Section C is consideration of Resolution 2022-05 electing an Assistant Secretary. A copy of the Resolution is enclosed for your review.

The fourth order of business is the approval of the minutes of the February 17, 2022 meeting. The minutes are enclosed for your review.

The fifth order of business is the consideration of Resolution 2022-04 approving the proposed Fiscal Year 2022 budget and setting a public hearing. Once approved, the budget will be transmitted to the governing authorities at least 60 days prior to the final budget hearing. A copy of the Resolution and proposed budget are enclosed for your review.

The sixth order of business is Staff Reports. Section C is the District Manager's Report. Sub­ Section 1 includes the check register for approval and Sub-Section 2 includes balance sheet and income statement for review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,

G s District Manager
CC: Jan Carpenter, District Counsel Peter Armans, District Engineer Darrin Mossing, GMS

Enclosures

SE-CTION 111

SECTION C

RESOLUTION 2022-05

A RESOLUTION OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT ELECTING
	 AS ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Dowden West Community District desires to elect 	asanAssistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT:

		 is elected Assistant Secretary of the Board of Supervisors.

Adopted this 21st day of April, 2022.

Secretary/ Assistant Secretary	Chairman/Vice Chairman

MINUTES

MINUTES OF MEETING DOWDEN WEST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Dowden West Community Development District was held Thursday, February 17, 2022 at 9:00 a.m. in the offices of GMS­ CF, LLC, 219 E. Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Chuck Bell Gregory Clark Connie Luong

Also present were:

George Flint Kristen Trucco
Peter Armans by phone
Alan Scheerer

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

District Manger District Counsel District Engineer Field Manager

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters

Administration of Oath of Office to Newly Elected Board Members
Mr. Flint: I administered the Oath of Office to Mr. Bell and Mr. Clark prior to the meeting.

Consideration of Resolution 2022-01 Canvassing and Certifying the Results of the Landowners' Election
Mr. Flint: Resolution 2022-01 canvasses and certifies the results of the landowners' election and Mr. Bell and Mr. Clark both received 250 votes and will serve four-year terms and there was no one nominated for the third spot and that is currently vacant until the Board appoints someone to that position.

1

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor, Resolution 2022-01 Canvassing a Certifying the Results of the Landowners' Election, was approved.

Consideration of Resolution 2022-02 Electing Officers
Mr. Flint: The statutes require that each time there is an election the Board consider officers and you have been provided Resolution 2022-02. Currently Mr. Bell is the Chairman, Mr. Franklin is Vice Chair, Mr. Clark and Ms. Luong are Assistant Secretaries, I am Secretary, Jill Burns is Treasurer and Katie Costa is Assistant Treasurer. We can take each office individually or if the Board wants to make a motion for a slate, we can handle it in one motion.

On MOTION by Mr. Bell seconded by Mr. Clark with all in favor Resolution 2022-02 Electing Officers with Mr. Bell as Chairman, Ms. Luong as Vice Chair, Mr. Franklin and Mr. Clark as Assistant Secretaries, Mr. Flint as Secretary, Jill Bums as Treasurer, and Katie Costa as Assistant Treasurer, was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the October 21,
2021 Meeting and Acceptance of Minutes of the November 18, 2021 Landowners' Meeting

On MOTION by Mr. Clark, seconded by Mr. Bell, with all in favor, the Minutes of the October 21, 2021 meeting were approved as presented and the Minutes of the November 18, 2021 landowners' meeting were accepted.

FIFTH ORDER OF BUSINESS	Ratification of Series 2018 Requisitions #8-#9
Mr. Flint: Requisition #8 was for solar lighting for $36,192 and requisition #9 was for $300 to Dewberry Engineers, Inc. Those were submitted to the Trustee and paid and we are asking the Board to ratify those requisitions.

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor, Series 2018 Requisitions #8 and #9, were ratified.

SIXTH ORDER OF BUSINESS	Ratification of Non-Ad Valorem Assessment
Administration	Agreement	with	Orange County Property Appraiser

Mr. Flint: Next is an agreement with the Orange County Property Appraiser for the non-ad valorem assessment administration; this allows us to use the tax bills as the collection method for the debt and O&M assessments. The statutes require that we enter into an agreement, the fees and terms are dictated by the Statutes. It is the same form you have seen in the past.

On MOTION by Mr. Clark, seconded by Mr. Bell, with all in favor, the Non-ad Valorem Assessment Administration Agreement with the Orange County Property Appraiser, was ratified.

SEVENTH ORDER OF BUSINESS	Discussion of Conveyance of Real Property
and Improvements from Beachline South Residential, LLC to the District
Ms. Trucco: This relates to the conveyance of property and improvements in four plats and the exact tracts are specified in the attachments to the resolution. These conveyances were contemplated by the original development plan, the District included the recorded plats and this resolution will approve the conveyance of those real property tracts and improvements from the developer to the District and delegate authority to the Chair and District staff to take any actions necessary to effectuate those conveyances. Attached to the resolution are the conveyance documents: a Special Warranty Deed, Bill of Sale, an agreement regarding taxes, an Owner's Affidavit, a certificate of the District Engineer that the real property tracts and improvements have received all permits and government approvals necessary for the District to own and maintain those. We have ordered title and are waiting for the title work to come back to confirm there are no encumbrances on these real property tracts before we take them and the District Engineer is also reviewing.

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor, Resolution 2022-03 approving the acceptance of real property and improvements from Beachline South Residential, LLC was approved subject to District staff sign-off.

EIGHTH ORDER OF BUSINESS
Attorney

Staff Reports

There being none, the next item followed.

Engineer
Consideration of Work Authorization 2022-01

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor, work authorization 2022-01 with Dewberry Engineers, Inc. for general engineering services in an amount not to exceed $12,000, was approved.

Consideration of Proposal for Preparation of Storm.water Management System Report
Mr. Flint: There was a memo prepared previously by Counsel that described the requirements under the new legislation and it applies to all government entities including special Districts that operate stormwater systems and wastewater systems. We don't operate a wastewater system but on the stormwater system there is a report that has to be filed by June 30th. There is a scope required as well as schedules that have been provided by the state. We asked the District Engineer to prepare a proposal for preparation of that report and the fee they are proposing is in my experience compared to other districts reasonable and consistent or lower than many of the other proposals. Part of that is the fact that the District is fairly new and hopefully the information will be able to be pulled together fairly reasonably.

On MOTION by Mr. Clark, seconded by Mr. Bell, with all in favor, the Work Authorization 2022-02 from Dewberry in the amount of
$10,000 plus direct expenses, was approved.

District Manager's Report
Approval of Check Register

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor the check register, was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

m.  Presentation of Arbitrage Rebate Calculation Report
Mr. Flint: The arbitrage rebate calculation report for the series 2018 bonds is included in the agenda package and is required by the IRS that the District do this calculation and we contract with Amtec to do it and there is a negative $451,000 rebatable arbitrage so that means there are no issues with arbitrage.

February 17, 2022	Dowden West CDD

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor, the arbitrage rebate calculation report was accepted.

NINTH ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Other Business
Mr. Bell: The bollard lights were held up at the Port of Los Angeles for about six weeks and they landed in Central Florida earlier this week and I anticipate installation in the next week or two.

ELEVENTH ORDER OF BUSINESS	Next Meeting Date
Mr. Flint: The next meeting is March 17, 2022 at 9:00 a.m. in this location.

TWELTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Bell, seconded by Mr. Clark, with all in favor, the meeting adjourned at 9:17 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

SECTION V

RESOLUTION 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ("Board") of the Dowden West Community Development District ("District") prior to June 15, 2022, a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2022 and ending September 30, 2023 ("Fiscal Year 2022/2023"); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2022/2023 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

July 21, 2022

9:00 a.m.

Offices of GMS-CF, LLC 219 E. Livingston Street Orlando, FL 32801

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Orange County and City of Orlando at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 21sr DAY OF APRIL, 2022.

ATTEST:	DOWDEN	WEST	COMMUNITY DEVELOPMENT DISTRICT

By: 	 _

Secretary

Its:--------------

Dowden West
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2

3-7

8

9

General Fund

General Fund Narrative

Series 2018 Debt Service Fund

Series 2018 Amortization Schedule

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Revenues						
Assessments - Tax Roll	$	134,546	$	146,507	$	8,842	$	155,350	$	474,960	
Assessments - Direct	$	96,631	$	89,995	$	29,998	$	119,994	$	156,055	
Developer Contributions	$	273,919	$	-	$	108,722	$	108,722	$	-	
Total Revenues	$	505,096	$	236,502	$	147,562	$	384,065	$	631,015	

Expenditures						
General & Administrative						
Supervisor Fees	$	4,800	$	-	$	1,400	$	1,400	$	4,800	
FICA Expense	$	367	$	-	$	107	$	107	$	367	
Engineering	$	12,000	$	510	$	7,000	$	7,510	$	12,000	
Attorney	$	25,000	$	2,353	$	14,583	$	16,936	$	25,000	
Arbitrage	$	900	$	450	$	-	$	450	$	900	
Dissemination Fees	$	7,000	$	1,458	$	2,042	$	3,500	$	7,000	
Annual Audit	$	5,000	$	-	$	3,490	$	3,490	$	5,000	
Trustee Fees	$	7,000	$	4,041	$	-	$	4,041	$	7,000	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Management Fees	$	36,050	$	15,021	$	21,029	$	36,050	$	37,853	
Information Technology	$	900	$	375	$	525	$	900	$	1,125	
Website Maintenance	$	600	$	2,000	$	350	$	2,350	$	750	
Telephone	$	300	$	-	$	175	$	175	$	300	
Postage	$	1,000	$	61	$	583	$	644	$	1,000	
Printing & Binding	$	1,000	$	45	$	583	$	628	$	1,000	
Insurance	$	5,919	$	5,570	$	-	$	5,570	$	6,684	
Legal Advertising	$	5,000	$	778	$	4,000	$	4,778	$	5,000	
Other Current Charges	$	2,000	$	216	$	885	$	1,101	$	2,000	
Office Supplies	$	500	$	1	$	292	$	292	$	500	
Property Appraiser	$	250	$	79	$	-	$	79	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	120,761	$	38,131	$	57,045	$	95,176	$	123,704	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Operations & Maintenance							
Contract Services							
Field Management		$	15,000	$	6,250	$	8,750	$	15,000	$	15,750	
Landscape Maintenance		$	247,835	$	72,506	$	101,508	$	174,014	$	309,502	
Lake Maintenance		$	8,000	$	3,000	$	4,200	$	7,200	$	12,900	
Mitigation Monitoring		$	10,000	$	-	$	-	$	-	$	10,000	
Repairs & Maintenance							
General Repairs & Maintenance		$	2,000	$	-	$	1,167	$	1,167	$	2,500	
Operating Supplies		$	500	$	-	$	292	$	292	$	500	
Landscape Replacement		$	5,000	$	-	$	2,917	$	2,917	$	5,000	
Irrigation Repairs		$	3,000	$	1,029	$	1,750	$	2,779	$	3,000	
Alleyway & Sidewalk Maintenance		$	2,500	$	-	$	1,458	$	1,458	$	5,000	
Signage		$	3,500	$	-	$	2,042	$	2,042	$	3,500	
Utilities							
Electric		$	2,000	$	145	$	203	$	349	$	2,000	
Water & Sewer		$	14,000	$	5,471	$	8,400	$	13,871	$	20,000	
Streetlights		$	63,000	$	21,241	$	38,584	$	59,825	$	107,475	
Other							
Contingency		$	5,000	$	739	$	2,917	$	3,656	$	5,000	
Property Insurance		$	3,000	$	4,320	$	-	$	4,320	$	5,184	
Total Operations & Maintenance:		$	384,335	$	114,701	$	174,188	$	288,889	$	507,311	
							
Total Expenditures		$	505,096	$	152,832	$	231,233	$	384,065	$	631,015	
							
Excess Revenues/(Expenditures)		$	-	$	83,670	$	(83,670)	$	-	$	-	

FY2023 Assessments - O&M							

Type	Units	
ERU/Unit	
ERU's	Total Net Assessments	Per Unit - Net	Per Unit - Gross		
Townhome	259	0.5	129.5	$127,741.11	$493.21	$524.69		
Single Family - 40'	201	0.8	160.8	$158,615.99	$789.13	$839.50		
Single Family - 50'	118	1	118	$116,397.31	$986.42	$1,049.38		
Single Family - 60'	61	1.2	73.2	$72,205.79	$1,183.70	$1,259.26		
Unplatted	807	0.20	158.20	$156,054.78	$193.38	$205.72		
Total	1446		639.70	$631,014.97				

FY2022 - 2023 Comparison

Type	FY2022 Gross Per Unit	FY2023 Gross Per Unit	
Variance	
Townhome	$315.13	$524.69	$209.56	
Single Family - 40'	$504.22	$839.50	$335.28	
Single Family - 50'	$630.27	$1,049.38	$419.11	
Single Family - 60'	$756.32	$1,259.26	$502.94	

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the operating expenditures not covered by assessments for the Fiscal Year

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer will be providing general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2018 bonds in addition to a second bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Trustee Fees

The District will incur trustee related costs with the Series 2018 bonds in addition to a second bond issuance.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

Represents costs with Governmental Management Services – Central Florida LLC related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability, public official’s liability insurance and property insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenditures incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Property Appraiser

Represents the fees to be paid to the Orange County Property Appraiser for annual assessment roll administration.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expenditure under this category for the District.

Operations & Maintenance:

Contract Services:

Field Management

Represents the costs of onsite field management with Governmental Management Services – Central Florida LLC of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. Phase 1 & 4 maintenance includes costs of the East West Collector Road Phase 1 estimated services.

Description	Annual Amount	
Landscape Maintenance Phase 1 & 4	$	210,614	
Landscape Maintenance Phase 2 & 3	$	93,888	
Contingency	 $	5,000		
	$	309,502	

Lake Maintenance

Represents estimated costs for maintenance to all lakes the District must maintain within District boundaries.

Description	Annual Amount	
Lake Maintenance Phase 1 & 4	$	7,200	
Lake Maintenance Phase 2	$	4,200	
Contingency	 $	1,500		
	$	12,900	

Mitigation Monitoring

The District will incur costs for scheduled monitoring of mitigation areas located throughout the District. The amounts are estimated.

Repairs & Maintenance:

General Repairs & Maintenance

Represents estimated costs for the general repairs and maintenance of various facilities throughout the District.

Operating Supplies

Represents estimated costs of supplies purchased for operating and maintaining common areas.

Landscape Replacement

Represents estimated costs related to the replacement of any landscaping needed throughout the fiscal year.

Irrigation Repairs

The District will incur costs related to repairing and maintaining its irrigation systems. The amount is based on estimated costs.

Alleyway Maintenance

Represents estimated costs for the maintenance of alleyways located within the District.

Signage

Represents estimated costs to replace miscellaneous signs throughout the fiscal year.

Utilities:

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Description	Annual Amount	
Streetlights Dowden Rd Phase 1 & 4	$	54,000	
Streetlights Phase 2	$	24,150	
Streetlights Phase 3	 $	29,325		
	$	107,475	

Other:

Contingency

Represents funds allocated to expenditures that the District could incur throughout the fiscal year that do not fit into any standard category.

Property Insurance

The District will incur fees to insure items owned by the District for its property needs. Coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for government agencies.

Proposed Budget
Debt Service Fund Series 2018

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Revenues						
Assessments	$	419,890	$	362,505	$	57,385	$	419,890	$	419,890	
Interest	$	-	$	7	$	-	$	7	$	-	
Carry Forward Surplus	$	168,427	$	169,770	$	-	$	169,770	$	167,729	
Total Revenues	$	588,317	$	532,282	$	57,385	$	589,667	$	587,619	

Expenditures						
General & Administrative:						

Interest - 11/1	
$	160,969	
$	160,969	
$	-	
$	160,969	
$	158,794	
Principal - 5/1	$	100,000	$	-	$	100,000	$	100,000	$	100,000	
Interest - 5/1	$	160,969	$	-	$	160,969	$	160,969	$	158,794	
Total Expenditures	$	421,938	$	160,969	$	260,969	$	421,938	$	417,588	
						
Excess Revenues/(Expenditures)	$	166,379	$	371,313	$	(203,584)	$	167,729	$	170,031	

FY2023 Assessments - On Roll Debt Service

Interest - 11/1  $	156,619 
Total  $	156,619 

Type	
Platted Units- Tax Roll	Gross Per Unit Assessment	
Net Per Unit Assessment	Platted Total Gross Assessments	Platted Total Net Assessments	
Townhome	208	$500.00	$470.00	$104,000.00	$97,760.00	
Single Family - 40'	201	$800.00	$752.00	$160,800.00	$151,152.00	
Single Family - 50'	118	$1,000.00	$940.00	$118,000.00	$110,920.00	
Single Family - 60'	54	$1,200.00	$1,128.00	$64,800.00	$60,912.00	
Total	581			$447,600.00	$420,744.00	

Series 2018 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/22	$	5,885,000.00	$	
05/01/23	$	5,885,000.00	$	100	
11/01/23	$	5,785,000.00	$	
05/01/24	$	5,785,000.00	$	105	
11/01/24	$	5,680,000.00	$	
05/01/25	$	5,680,000.00	$	110	
11/01/25	$	5,570,000.00	$	
05/01/26	$	5,570,000.00	$	115	
11/01/26	$	5,455,000.00	$	
05/01/27	$	5,455,000.00	$	125	
11/01/27	$	5,330,000.00	$	
05/01/28	$	5,330,000.00	$	130	
11/01/28	$	5,200,000.00	$	
05/01/29	$	5,200,000.00	$	135	
11/01/29	$	5,065,000.00	$	
05/01/30	$	5,065,000.00	$	145	
11/01/30	$	4,920,000.00	$	
05/01/31	$	4,920,000.00	$	150	
11/01/31	$	4,770,000.00	$	
05/01/32	$	4,770,000.00	$	160	
11/01/32	$	4,610,000.00	$	
05/01/33	$	4,610,000.00	$	170	
11/01/33	$	4,440,000.00	$	
05/01/34	$	4,440,000.00	$	180	
11/01/34	$	4,260,000.00	$	
05/01/35	$	4,260,000.00	$	190	
11/01/35	$	4,070,000.00	$	
05/01/36	$	4,070,000.00	$	200	
11/01/36	$	3,870,000.00	$	
05/01/37	$	3,870,000.00	$	210	
11/01/37	$	3,660,000.00	$	
05/01/38	$	3,660,000.00	$	220	
11/01/38	$	3,440,000.00	$	
05/01/39	$	3,440,000.00	$	235	
11/01/39	$	3,205,000.00	$	
05/01/40	$	3,205,000.00	$	245	
11/01/40	$	2,960,000.00	$	
05/01/41	$	2,960,000.00	$	260	
11/01/41	$	2,700,000.00	$	
05/01/42	$	2,700,000.00	$	275	
11/01/42	$	2,425,000.00	$	
05/01/43	$	2,425,000.00	$	290	
11/01/43	$	2,135,000.00	$	
05/01/44	$	2,135,000.00	$	310	
11/01/44	$	1,825,000.00	$	
05/01/45	$	1,825,000.00	$	325	
11/01/45	$	1,500,000.00	$	
05/01/46	$	1,500,000.00	$	345	
11/01/46	$	1,155,000.00	$	
05/01/47	$	1,155,000.00	$	365	
11/01/47	$	790,000.00	$	
05/01/48	$	790,000.00	$	385	
11/01/48	$	405,000.00	$	
05/01/49	$	405,000.00	$	405	
			$	5,885	

$	158,793.75	$	158,793.75	
$	158,793.75	$	-	
$	156,618.75	$	415,412.50	
$	156,618.75	$	-	
$	154,072.50	$	415,691.25	
$	154,072.50	$	-	
$	151,405.00	$	415,477.50	
$	151,405.00	$	-	
$	148,616.25	$	415,021.25	
$	148,616.25	$	-	
$	145,585.00	$	419,201.25	
$	145,585.00	$	-	
$	142,432.50	$	418,017.50	
$	142,432.50	$	-	
$	139,158.75	$	416,591.25	
$	139,158.75	$	-	
$	135,243.75	$	419,402.50	
$	135,243.75	$	-	
$	131,193.75	$	416,437.50	
$	131,193.75	$	-	
$	126,873.75	$	418,067.50	
$	126,873.75	$	-	
$	122,283.75	$	419,157.50	
$	122,283.75	$	-	
$	117,423.75	$	419,707.50	
$	117,423.75	$	-	
$	112,293.75	$	419,717.50	
$	112,293.75	$	-	
$	106,893.75	$	419,187.50	
$	106,893.75	$	-	
$	101,223.75	$	418,117.50	
$	101,223.75	$	-	
$	95,283.75	$	416,507.50	
$	95,283.75	$	-	
$	88,938.75	$	419,222.50	
$	88,938.75	$	-	
$	82,140.00	$	416,078.75	
$	82,140.00	$	-	
$	74,925.00	$	417,065.00	
$	74,925.00	$	-	
$	67,293.75	$	417,218.75	
$	67,293.75	$	-	
$	59,246.25	$	416,540.00	
$	59,246.25	$	-	
$	50,643.75	$	419,890.00	
$	50,643.75	$	-	
$	41,625.00	$	417,268.75	
$	41,625.00	$	-	
$	32,051.25	$	418,676.25	
$	32,051.25	$	-	
$	21,922.50	$	418,973.75	
$	21,922.50	$	-	
$	11,238.75	$	418,161.25	
$	11,238.75	$	-
$	416,238.75	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

5,550,842.50  $

11,435,842.50

SECTION VI

SECTION C

SECTION 1

Dowden West
Community Development District

Summary of Checks
February 1, 2022 to March 31, 2022

	Bank	Date	Check No.'s		Amount	

General Fund		
2/1/22	
188- 189	
$	
1,326.00	
		2/8/22	190-191	$	18,541.82	
		2/15/22	192-193	$	5,712.88	
		2/18/22	194	$	127,693.08	
		3/1/22	195	$	600.00	
		3/8/22	196	$	14,501.20	
		3/15/22	197	$	4,694.93	
		3/22/22	198- 201	$	1,704.98	
				$	174,774.89	
				
$	114,774.89 I	

DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS	AMOUNT	#

2/01/22 00018

2/01/22 00002

2/08/22 00012

2/08/22 00014

2/15/22 00001

2/15/22 00014

2/18/22 00009

1/31/22 13929	202201 320-53800-49000
TRASH COLLECTION - 1/7/22 1/31/22 13991	202201 320-53800-47000
LAKE MAINTENANCE - JAN 22

- - - - - - - - - - - - - - - - - -

-	AQUATIC WEED MANAGEMENT, INC.
1/27/22 00285	202112 310-51300-31500

- - - - - - - - - - - - - - - - - - -

LEGAL SERVICES - DEC 21
LATHAM, LUNA, EDEN& BEAUDINE, LLP
1/25/22 6403979 202201 310-51300-32300
TRUSTEE FEES SER18 FY22 1/25/22 6403979 202201 300-15500-10000
TRUSTEE FEES SER18 FY23

- - - - - - - - - - - - - - - - - - -

US BANK CORPORATE TRUST SERVICES
2/01/22 ON 32590 202202 320-53800-46000 LANDSCAPE MAINT - FEB 22

- - - - - - - - - - - - - - - - - - -

YELLOWSTONE LANDSCAPE
2/01/22 77	202202 310-51300-34000
MANAGEMENT FEES - FEB 22 2/01/2277	202202 310-51300-35200
WEBSITE MANAGEMENT-FEB 22
2/01/2277	202202 310-51300-35100
INFORMATION TECH - FEB 22 2/01/2277	202202 310-51300-31300
DISSEMINATION SVCS-FEB 22
2/01/2277	202202 310-51300-51000
OFFICE SUPPLIES
2/01/2277	202202 310-51300-42000
POSTAGE
2/01/2278	202202 320-53800-12000
FIELD MANAGEMENT - FEB 22

- - - - - - - - - - - - - - - - - - -

GOVERNMENTAL MANAGEMENT SERVICES-
2/11/22 ON 32844 202201 320-53800-47300
IRRIGATION REPAIRS-JAN 22
2/11/22 ON 32844 202202 320-53800-47300 MAINLINE IRRIG.REPAIRS
YELLOWSTONE LANDSCAPE
2/18/22 02182022 202202 300-20700-10100
ASSMNT TXFER-S2018
2/18/22 02182022 202202 300-20700-10100
DIRECT ASSMNT TXFER-S2018

*	600.00
*	600.00

126.00

*

- - - - - - - - - - -1-,2-00-.0-0 000188

3,030.47

*

- - - - - - - - - - - -1-26-.0-0 000189
*	1,010.16

14,501.19

- - - - - - - - - - -4-,0-40-.6-3 000190
*

3,004.17

*

- - - - - - - - - - -14-,5-01-.1-9 000191
*	50.00
*	75.00
*	291.67
*	.27
*	12.87
*	1,250.00

739.93

- - - - - - - - - - -4-,6-83-.9-8 000192
*
*	288.97

84,337.69

*

- - - - - - - - - - -1-,0-28-.9-0 000193
*	43,355.39

DOWDEN WEST CDD/US BANK	127,693.08 000194 DOWD DOWDEN WEST	MBYINGTON

DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS	AMOUNT	#

3/01/22 00018

3/08/22 00014

3/15/22 00001

3/22/22 00020

3/22/22 00006

3/22/22 00002

3/22/22 00014

2/28/22 14092	202202 320-53800-47000

-  -

LAKE MAINTENANCE - FEB 22
- - - - - - - - -	- -	- - - - -A-QUATIC WEED MANAGEMENT, INC. 3/01/22 ON 33428 202203 320-53800-46000
LANDSCAPE MAINT - MAR 22

-

- - - - - - - - - - - - - - - -	- YE-LLOWSTONE LANDSCAPE 3/01/22 79	202203 310-51300-34000
MANAGEMENT FEES - MAR 22 3/01/2279	202203 310-51300-35200
WEBSITE MANAGEMENT-MAR 22
3/01/2279	202203 310-51300-35100
INFORMATION TECH - MAR 22 3/01/2279	202203 310-51300-31300
DISSEMINATION SVCS-MAR 22
3/01/2279	202203 310-51300-51000
OFFICE SUPPLIES
3/01/2279	202203 310-51300-42000
POSTAGE
3/01/2279	202203 310-51300-42500
COPIES
3/01/2280	202203 320-53800-12000
FIELD MANAGEMENT - MAR 22
- - - - - - - - - - - - - - - - - -GO-VERNMENTAL MANAGEMENT SERVICES- 3/12/22 5012	202203 320-53800-47400
INST 10 SIGN@ 3RET PONDS

-

-	- - - - - -	- - - - - - - - -BE-RRY CONSTRUCTION OF 3/14/22 2091596 202202 310-51300-31100
ENGINEER SERVICES-FEB 22
- - - - - - - - - - - - - - - - - -DE-WBERRY ENGINEERS, INC. 3/17/22 26062	202202 310-51300-31500
LEGAL SERVICES - FEB 22
- - - - - - - - - - - - - - - - - -LA-THAM, LUNA, EDEN& BEAUDINE, LLP 3/04/22 ON 33792 202203 320-53800-46100
MEDJOOL PALM TREE TREAT.

*	600.00

-

- - - - - - - - -	- - 60- 0-.0-0 000195
*	14,501.20

- -	- - -

- -	- - -	-14-,5-01.-20- 000196
*	3,004.17
*	50.00
*	75.00
*	291.67
*	.39
*	6.00
*	17.70
*	1,250.00

- -

- - - - - - - -	-	4,-69-4.-93- 000197
*	325.00
- - - - - - - - - - - -32-5.-0-0 000198
*	170.00

-	-

- - - - -	- - - - - -170.- 0-0 000199
*	1,004.50
- - - - - - - - - - -1-,0-04.-5-0 000200
*	205.48

YELLOWSTONE LANDSCAPE	205.48 000201

DOWD DOWDEN WEST

TOTAL FOR BANK A TOTAL FOR REGISTER MBYINGTON

174,774.89
174,774.89

SECTION 2

Dowden West
Community Development District

Unaudited Financial Reporting
February 281 2022

Table of Contents

1	Balance Sheet	

2-3	

General Fund	

4	

Debt Service Fund Series 2018	

5	

Capital Projects Fund Series 2018	

6-7	

Month to Month	

8	

Long Term Debt Report	

9	

Series 2018 Construction Schedule	

10	

	Assessment Receipt Schedule 	

Combined Balance Sheet
February 28, 2022

General	/Je/Jt Service	Capital l'roJects	Totals
Fund	Flmd	Fund	Governmental Fund,

Assets:
.cash.:.
Operating Account	$	151,602	$	$	$	151,602
Investments·
Series 201a
Reseive	$		$	209,945	$		$	209,945	
Revenue	$		$	364,402	$		$	364,402	
Construction	$		$		$	19,293	$	19,293	
Due from General Fund	$		$	6,912	$		$	6,912	
Prepaid Expenses	$	1,010	$		$		$	1,010	
Total Assets	s	1521612	$	581,259	s	19,293	$	7531164	

Liabilities:
Accounts Payable	$	

1,775	

$		

$		

$	

1,775	
Due to Debt Seivice	$	6,912	$		$		$	6,912	
'Total Liabilites	$	8,686	$		s		$	8,686	

Fund Balance:
Nonspendable:
Deposits and Prepaid Items	$	

1,010	

$		

$		

$	

1,010	
Restricted for:								
Debt Seivice 2018	$		$	581,259	$		$	581,259	
Capital Projects - Series 2018	$		$		$	19,293	$	19,293	
Unassigned	$	142,915	$		$		$	142,915	
!Total Fund Balances	$	1431925	s	581,259	$	19,293	s	744,478	

Total L1ab1htics & f'und Balance	$	
152,612	
$	
581,259	
$	
19,293	
$	
753,161	

Revenues·		
Assessments - Tax Roll	$	134,546	$	134,546	$	146,507	$	11,961	
Assessments - Direct	$	96,631	$	89,995	$	89,995	$	
Developer Contributions	$	273,919	$	$	$	
Total Revenues	$	505,096	$	224,541	$	236,502	$	11,961	

E,cpenditnres·					
tif:oecal &: dmirziKcati1'f:"					
Supervisor Fees	$	4,800	$	2,000	$	$	2,000	
FICA Expense	$	367	$	153	$	$	153	
Engineering	$	12,000	$	5,000	$	510	$	4,490	
Attorney	$	25,000	$	10,417	$	2,353	$	8,064	
Arbitrage	$	900	$	450	$	450	$	
Dissemination Fees	$	7,000	$	1,458	$	1,458	$	
Annual Audit	$	5,000	$	$	$	
Trustee Fees	$	7,000	$	4,041	$	4,041	$	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	
Management Fees	$	36,050	$	15,021	$	15,021	$	(0)	
Information Technology	$	900	$	375	$	375	$	
Website Maintenance	$	600	$	600	$	2,000	$	(1.400)	
Telephone	$	300	$	125	$	$	125	
Postage	$	1,000	$	417	$	61	$	356	
Printing & Binding	$	1,000	$	417	$	45	$	372	
Insurance	$	5,919	$	5,919	$	5,570	$	349	
Legal Advertising	$	5,000	$	2,083	$	778	$	1,306	
Other Current Charges	$	2,000	$	833	$	216	$	617	
Office Supplies	$	500	$	208	$	1	$	208	
Property Appraiser	$	250	$	250	$	79	$	171	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	
[!otal General &Administrative	$	1_20t761	$	54,942	$	311,1_31	$	16,810	

Adopted	Pror·ated Budget	Actual
·	.:tJ·:t:	li•1ti:	fdll:..	:i(rii:'..:b:!II

Q11erations& Maintenance		
Contract Services		
Field Management	$	15,000	$	6,250	$	6,250	$	
Landscape Maintenance	$	247,835	$	103,265	$	72,506	$	30,759	
Lake Maintenance	$	8,000	$	3,333	$	3,000	$	333	
Mitigation Monitoring	$	10,000	$	4,167	$	$	4,167	
Repairs & Maintenance					
General Repairs & Maintenance	$	2,000	$	833	$	$	833	
Operating Supplies	$	500	$	208	$	$	208	
Landscape Replacement	$	5,000	$	2,083	$	$	2,083	
Irrigation Repairs	$	3,000	$	1,250	$	1,029	$	221	
Alleyway Maintenance	$	2,500	$	1,042	$	$	1,042	
Signage	$	3,500	$	1,458	$	$	1,458	
Utilities					
Electric	$	2,000	$	833	$	145	$	688	
Water & Sewer	$	14,000	$	5,833	$	5,471	$	363	
Streetlights	$	63,000	$	26,250	$	21,241	$	5,009	
Other					
Contingency	$	5,000	$	2,083	$	739	$	1,344	
Property Insurance	$	3,000	$	3,000	$	4,320	$	(1,320)	

ITotlll 01!£!atlons B. Maintenance		$	384,335	$	161,890	$	114,701	$		471189	
Total Expenditures	$	505,096	$	216,831	$	152,832	$	63,999	

Excess (Deficiency) of Revenues over Expenditures	
$	•		
$	8:l,670		
IFund Balance- Beginning	$		$	60,255		
					
 ulld Balance- Endiq	$		$	143,925		

Debt Service Fund Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2022

Revenues·		
Assessments - Tax Roll	$	213,474	$	213,474	$	232,439	$	18,965		
Assessments - Direct	$	206,416	$	130,066	$	130,066	$			
Interest	$	$	$	7	$	7		
Total Revenues	$	419,890	$	343,540	s	362,513	s	18,972		
Emeudilnres·								
lnterest-11/1	$	160,969	$	160,969	$	160,969	$			
Principal - 5/1	$	100,000	$	$		$			
Interest-5/1	$	160,969	$	$		$			
Total E""°ditures	$	4211938	$	1601969	s	1601969	$			

Excess (Deficiency) of Revenues over Expenditures	
$	(2,048)		
$	
201,544				
IFund Balance - Beginning	$	168,427		$	379,715				
								
t,andBalance• Endlna	166,371)		s	581,259				

Capital Projects Fund Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2022

Adopted	Prorated Budget	Actual
k	illJ .,-t_;7.;.:rt: : ;,	L0li}• .-	- ltlti,nd

Revenues

Interest	

$	

$	

$	

1	

$	

1	
Total Revenues	s	$	s	1	s	1	

Expendjtures •

Capital Outlay	

$	

$	

$	

36,192	

$	

(36,192)	
'Total E enditures	!	s	$	36,192	$	(36,192};	
Excess (Deficiency) of Revenues over Expenditures	$	-	S	(36,191)	
iFund Balance· Beginning	s	$	55,485	
				
 Fund Balance• Ending	$	$	19,293	

  	

						
Oct	t1\1	llcc	J,tn	Ft•li	'.\far ch	/\pril	M.,y	11ml'		July	,,ug	Sept	Tot.ii	

B.i:l1l:wu:s;.																				
Assessments-Tax Roll	$		
$	2,844	$	86,149	
$	50,948	$	6,567	
$	
$	s	$	$	
$	
$	$	146,507	
Assessment<;- Direct	$		$	59,997	$		$	29,998	$		$	$	$	$	$	$	$	$	89,995	
Developer Contributions																				
Total Revenues	s		s	62,841	$	86,149	$	80,946	s	6,567	$	5	s	s	$	s	s	s	236,SOZ	

Expeudihlces•																				
Gt:ae.cu.l & .tdmiotstmtb!.e·																				
Supervisor Fees	$		$		
. $															
FICA Expense																				
Engineering	$	255	$	85	$		$		$	170	$	$	$	$	$	$	$	$	510	
Attorney	$	1,141	$	Bl	$	126	$		$	1,005	$	$	$	$	$	$	$	$	2,353	
Arbitrage	$		$		$	450	s		$		$	$	$	$	$	$	$	$	450	
Dissemination Fees	$	292	$	292	$	292	$	292	$	292	$	$	$	$	$	$	$	$	1,458	
Annual Audit	$		$		$		$		$		$									
Trustee Fees	$	1,010	$		$		$	3,030	$		$	$	$	$	$	$	$	$	4,041	
AssessmentAdminlstratlon	$	5,000	$		$		$		$		$	$	$	$	$	$	$	$	5,000	
Management Fees	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	$	$	$	$	$	$	$	15,021	
Information Technology	$	75	$	75	$	75	$	75	s	75	$	$	$	$	$	$	s	$	375	
Website Maintenance	$	50	$	50	$	50	$	1,800	$	50	$	$	$	$	$	$	s	$	2,000	
Telephone	$		$		$		$		$		$	$	$	$	$	$	s	$		
Postage	$	7	s	0	$	38	$	3	$	13	$	$	$	$	$	$	$	$	61	
Printing& Binding	$	20	$	22	$	3	$		$		s	$	$	$	$	$	$	$	45	
Insurance	$	5,570	$		$		$		$		$	$	$	$	$	$	$	$	5,570	
Legal Advertising	$		$	778	$		$		$		$	$	$	$	$	$	$	$	778	
Other Current Charges	$	38	$	36	$	48	$	41	$	54	$	$	$	$	$	$	$	$	216	
Office Supplies	$	0	$	0	$	0	$	0												
Property Appraiser	$		$	79	$		$		$		$	$	$	$	$	$	$	$	79	
Dues, Licenses & Subscrtptlons	$	175	$		$		$		$		$	$	$	$	$	$	$	$	175	
·TotalGmeral•.Adml		s	1M36  s	4,SOt  $	4.QII?  $	8i $  $	M6	s			s	_S		s	s	 s		s	3!1,131	

s	

Qpecations& Mntntrnance

Uc.:t	Nov	th'\:	j,m	Fl'i1	March	J\p:·il	M.w	jurw	lul ·	,,u	Sep:	I\H;1\

Contract Services
Field Management	$	1,250  $	1,250  $	1,250  $	1,250  s	1,250  $	$	s	$	$	$	$	$	6,250
Landscape Maintenance	 $	14,501 $	14,501 $	14,501 $	14,501 s	14,501 $	$	 $	$	 $	 $	$	$	72,506 Lake Maintenance	$		600  $		600  $		600  $		600  $		600  $	 $	$	$	$	$	 $	$		3,000
Mitigation Monitoring	s	$	s	s	s

Repairs &Maintenance
General Repairs & Maintenance	$	s	s	s	s	s	s	s	s	$	s	s	s
Operating Supplies	s	 s	s	$	$	s	 $	$	$	$	$	$ Landscape Replacement	s	$	 $	$	 s	s	s
Irrigation Repairs	$	s	s	s	740  $	289  s	$	$	s	s	s	$	s	1,029
Alleyway Maintenance Signage

Utilities
Electric	$	26  $	33  $	23  $	30  $	33  s	s	$	$	s	s	s	$	145
Water & Sewer	$	$	1,400  $	2,682  $	1,389  $	$	$	$	$	$	s	s	$	5,471
Streetlights	s	3,409  s	4,448  s	4,447  $	4,472  $	4,465  s	$	$	s	$	s	$	$	21,241

Other
Contingency	s	$	139  $	$	600  $	s	$	$	s	s	s	$	s	739
Property Insurance	s	4,320  s	s	s	s	s	$	s	s	$	s	$	s	4,320

,Total O ODS.&Maintenance

f	24,106  s

Z2,3'ni $	23,503  5	23.SBZ $	21,138  s

s

s

s

s

s

s

s  11♦,7.01

Total ES!enditures	s	40,743  s	26,872  $	27,590  $	31,827  s	25,800  $	s	s	5	s	s	$	s  152,832

ExcessRevenues([xpcnditurcs)	S	(40,7'13) $	35,968  $	58,559  $	49.119  $	(19,23:l) S	S	i	S	I	I	I	83,(,70

Dowden West
Community Development District Long Term Debt Summary

SERIES 2018, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATES:	4.35%,4.85%, 5.40%, 5.55%%	
MATURITY DATE:	5/1/2049	
RESERVE FUND DEFINITION	50%OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$209,945	
RESERVE FUND BALANCE	$209,945	
BONDS OUTSTANDING- 02/08/18	$6,170,000	
LESS: PRINCIPAL PAYMENT- 05/01/20	($90,000)	
LESS: PRINCIPAL PAYMENT- 05/01/21	($95,000)	
CURRENT BONDS OUTSTANDING	$5,985,000	

Dowden West
Community Development District Special Assessment Revenue Bonds, Series 2018

Date	Requisition#	Contractor	Description	Requisition	
Fiscal Year 2021					
7/22/21		Mattamy Orlando, LLC	Reimbursement of Construction Costs	$646,268.67	
7/19/21		Dewberry Engineers, Inc.	Invoices: 1895912.1906211 & 1937104-Construction Engineering Services	$2,150.00	
TOTAL	$648,418.67	

Fiscal Year 2021					
10/1/20	Interest			$2.89	
11/1/20	Interest			$2.98	
12/1/20	Interest			$2.89	
1/1/21	Interest			$2.98	
2/1/21	Interest			$2.99	
3/1/21	Interest			$2.70	
4/1/21	Interest			$2.99	
5/1/21	Interest			$2.89	
6/1/21	Interest			$2.99	
7/1/21	Interest			$2.89	
8/1/21	Interest			Sl.84	
9/1/21	Interest			S0.24	
		TOTAL		$31.27	
			
Project(Construction) Fund at09/30/20	
$704,172.17	
			Interest Earned thru 09/30/21	$31.27	
			Requisitions Paid thru 09/30/21	($648,418.67)	
			Remaining Project (Construction) Fund		$55,784.77 	

Date	Requisition#	Contractor	Description	Requisition	
Fiscal Year 2022					
11/3/21		SOS Solar lncd/b/a Viasol Lighting	Solar lighting deposit invoice #VL2 00287	$36,192.00	
1/4/22		Dewberry Engineers	Invoice: 1998444-A - Construction Engineering Services July 20 21	$300.00	
TOTAL	$36,492.00	

Fiscal Year 2022						
10/1/21	Interest				$0.23	
11/1/21	Interest				$0.24	
12/1/21	Interest				$0.09	
1/1/22	Interest				$0.08	
2/1/22	Interest				SO.OB	
		TOTAL		$0.72		

Project (Construction) Fund at 09/30/21	
$55,784.77	
Interest Earned lhru 02/28/22	$0,72	
Requisitions Paid thru 02/28/22	($36,492.00)	

Remaining Project (Construction) Fund		$19,293.49 

Dowden West
Community Development District Assessment Receipt Schedule Fiscal Year 2022

ON ROLLASSl!SSMENTS

GrossAssessments $ 165,265.45 $ NetAssessments	$  155,349.52  $

262,200.00  $	427,465.45
246,468.00  $	401,817.52

3a66%	61.34%	100.00%

11/15/21	ACH	$2,771.45	$0.00	($110.86)	$0.00	$2,660.59	$1,028.63	$1,631.96	$2,660.59	
11/22/21	ACH	$4,890.81	$0.00	($195.63)	$0.00	$4,695.18	$1,815.24	$2,879.94	$4,695.18	
12/06/21	ACH	$8,477.39	$0.00	($339.10)	$0.00	$8,138.29	$3,146.40	$4,991.89	$8,138.29	
12/13/21	ACH	$31,627.21	$0.00	($1,265.09)	$0.00	$30,362.12	$11,738.51	$18,623.61	$30,362.12	
12/20/21	ACH	$192,001.84	$0.00	($7,680.45)	$4.62	$184,326.01	$71,263.59	$113,062.42	$184,326.01	
01/14/22	ACH	$137,268.60	$0.00	($5,490.93)	$0.00	$131,777.67	$50,947.50	$80,830.17	$131,777.67	
02/14/22	ACH	$5,956.59	$0.00	($238.27)	$0.00	$5,718.32	$2,210.80	$3,507.52	$5,718.32	
02/24/22	ACH	$11,737.92	$0.00	($469.50)	$0.00	$11,268.42	$4,356.56	$6,911.86	$11,268.42	
TOTAL	$	394,731.81  $	$ 	us,789.83 l	s		4,62  $ 	378,946.60  $	146,507.23	$ 	232£139.37	I	37!1,946.60	

94%	Net Percent Collected
 $ 	22,870.92	Balance Remainin11t.o Collect

DIRECT BILL ASSESSMENTS

Mat:tamy Homes- Beachllne South Residential						
2022-01			$293,415.10	$119,993.56	$173,421.54	

11/23/21	12/1/21	
28419	
$146,707.55	
$146,707.55	
$59,996.78	
$86,710.77	
1/21/22	2/1/22	29541	$73,353.77	$73,353.77	$29,998.39	$43,355.39	
5/1/22		$73J53.77	$0.00	$0.00	$0.00	
		$293,415.09	$220,061.32	$89,995.17	$130,066.16	

10