Narcoossee Community Development District

Agenda March 26, 2019

A GENDA

Narcoossee
Community Development District

135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524- Fax: 407-839-1526

March 19, 2019

Board of Supervisors Narcoossee Community Development District

Dear Board Members:

The Board of Supervisors of the Narcoossee Community Development District will meet Tuesday, March 26, 2019 at 3:00 p.m. at the Orange County Public Library - Southeast Branch, 5575 S. Semoran Blvd., Orlando, FL 32822. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Administration of Oaths of Office to Newly Elected Supervisors
Election of Officers
Consideration of Resolution 2019-01 Electing Officers
Approval of Minutes from the November 13, 2018 Board of Supervisors Meeting
Review and Acceptance of Fiscal Year 2018 Audit Report
Staff Reports
A Attorney
Discussion of Attorney Fees
Engineer
Discussion of Proposal for Fence Project
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests
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 administration of Oaths of Office to the newly elected Supervisors. Section B is Election of Officers. Section C is consideration of Resolution 2019-01 electing officers. A copy of the resolution is enclosed for your review.

The fourth order of business is the approval of the minutes from the November 13, 2018 Board of Supervisors meeting. The minutes are enclosed for your review.

The fifth order of business is review and acceptance of the Fiscal Year 2018 Audit report. A copy of the report is enclosed for your review.

Section A of the sixth order of business is the Attorney's Report. Section 1 is discussion of Attorney fees. Sedion B is the Engineer's Report. Section 1 is discussion of proposal for fence project. Section C is the District Manager's eport. Section 1 includes the check register being submitted for approval and Section 2 is the balance sheet and income statement for review.

The balance of the agenda will be discussed at the meeting. If you should have any questions, please contact me.

$.2::r

Sincerely,

District Manager

Cc:	Roy Van Wyk, District Counsel Rey Malave, District Engineer Darrin Mossing, GMS

S ECTION Ill

S ECTION C

RESOLUTION 2019-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Narcoossee Community Development District (the "District") is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District ("Board") desires to elect the Officers of the District.

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

Section 1.

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is elected Chairperson.

Section 2.

Section 3.

Section 4.

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_	is elected Vice-Chairperson.

_	is elected Secretary.

_	is elected Assistant Secretary.
_	is elected Assistant Secretary.
_	is elected Assistant Secretary.
_	is elected Assistant Secretary.

Section 5.

Section 6.

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is elected Treasurer.

is elected Assistant Treasurer.

Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED TIDS 26th DAY OF MARCH, 2019.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

S ECTION IV

MINUTES OF MEETING NARCOOSSEE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Narcoossee Community Development District was held Tuesday, November 13, 2018 at 3:00 p.m. at the Orange County Library - Southeast Branch, 5575 South Semoran Boulevard, Orlando, Florida.

Present and constituting a quorum were:

Jeffrey Smyk Steve Giercyk James Gregoire Peter Wong Betsy Burgos

Also present were:

Jason Showe Alyssa Willson Rey Malave Alan Scheerer

FIRST ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager
District Counsel by telephone District Engineer
Field Manager

Roll Call

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

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

TIDRD  ORDER OF BUSINESS	Approval of the Minutes of the August 28,
2018 Meeting

On MOTION by Mr. Wong seconded by Ms. Burgos with all in favor the minutes of the August 28, 2018 meeting were approved as presented.

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

Mr. Showe stated next 1s the annual agreement with  the  Orange  County  Property Appraiser.

On MOTION by Mr. Giercyk seconded by Mr. Smyk with all in favor the agreement with the Orange County Property Appraiser was approved.

FIFTH ORDER OF BUSINESS	Discussion of Parcel G & H Costs
Mr. Showe stated at the last meeting we had a discussion about Parcels G & H contributing to LaVina and I provided a methodology of how we would do that if the Board wants to move forward with that. If you combine LaVina and Parcels G & H the ERU count breaks out to 73% LaVina and 26.25% would be attributable to G & H. There was a desire from some of the Board Members to look at having G & H contribute to some of the maintenance work that occurs in the LaVina area especially as it relates to landscaping and stormwater since they do benefit from it and at this time they are not paying anything towards it. If the Board wanted to move forward with it for Fiscal Year 2019 at the end of the year we would calculate that and move funds from G & H reserve into LaVina's reserve, then next year we would do the assessment process for G & H where they would pay the maintenance assessments. We would do the mailed notices. It would be our recommendation to keep LaVina at the same assessment level to build that reserve. We would need direction for us to do that at the end of the year once we know what the expenses are. During the budget process we can build that into the budget with that method.
Mr. Gregoire stated I agree that we should pursue that.
Mr. Smyk stated this is for maintenance because they have been charged for administrative costs.
Mr. Showe stated they are paying administrative costs but not field management, Alan inspects the ponds, the field management fee is allocated to each community based on your budget.
Mr. Smyk stated I thought that was considered part of the administrative fee.
Mr. Showe stated if that is the way you want to proceed we will build that into  the budget. It sounds like there is consensus to proceed.

SIXTH ORDER OF BUSINESS
Attorney

Staff Reports

There being none, the next item followed.

Engineer - Discussion of Fence Project
Mr. Malave stated we are working on trying to get a solid proposal. We have prices and fees from two contractors, one doing the ironwork and the other doing the masonry work and neither one wants to head it. We talked to an entity that would volunteer, I said you can go get your own prices and tell me what you want, All Terrain is the only one that would give us that possibility and he agreed to getting his price together and coordinating both those and doing the paperwork needed to bring all of that together and the inspection. Plus we want insurance and all that as part of the work. That is why it is delayed and hopefully, I will have that for our next Board Meeting. The prices will still be within that range. He will probably  charge a percentage  of it, but it is still cheaper than us trying to do that.  We thought that  Seminole Masonry  would do it, but they are just so busy with work that they don't want to manage somebody  else as part  of their work. They are two specialties and you have to have both those guys come together.
Mr. Giercyk stated we talked about the different retention ponds and Pond A is the one in LaVina on the west end and we talked about the two walls coming out and the fence going down in. I would like to look at that quote and then look at a quote to run it the full length of that one pond with the columns and fence. As a community we may be able to contribute some money to help that one pond get done a little bit quicker. There is no reason we can't finish one pond if we have money available to do it.
Mr. Malave stated we could just add to the contract if you want a separate line item that says the remainder of the fence for that one pond.
Mr. Giercyk stated that would be fine.

Manager
Approval of Check Register
Mr. Showe presented the check register from August 18, 2018 through November 6, 2018 in the amount of $78,147.93.

On MOTION by Mr. Gregoire seconded by Mr. Giercyk with all in favor the check register was approved.

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

Field Manager's Report
Mr. Scheerer stated we have a new account manager with Down to Earth, his name is Aaron. Joe Harrison was with us for a while, but Joe lives in Hillsboro County and was commuting a couple hours a day back and forth to work and they have a spot for him over there. Aaron has been on Board for about a month and we are working with him and he seems to be applying himself pretty well. I informed him of some items that need  to be looked  at on a  regular basis. We will be doing mulch if it hasn't started already.  I will be there on Friday and  we will be focused on final trimming in advance of any holiday lighting.

SEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisors Requests
Mr. Smyk asked what about Nona Crest and the replacement of the Canary Island Palm?
Mr. Gregoire stated we are going to get together this week and come up with a plan as to what the recommendation is and what we want to do out there. Whether it be Washingtonians or Magnolias we will figure it out and make a recommendation to the Board and go forward with that. We have time because we don't want to do any planting with the cold weather coming; we will plan to do something in March. I would like it to mirror Lake Nona Preserve so the two communities mirror each other and look nice. This would be in the center island not the sides.
Mr. Scheerer stated there are dwarf oleanders on the side and we have been cutting those back and it seems like a lot of the plants are starting to fill in, but they are doing a much better  job as far as the details. That is not just with your community we are doing the same at Nona Preserve and LaVina Phase 2, Dowden, Mirabella, Ziani, Capri so there are some plants missing along the wall of Nona Preserve but they have a budget and we are working on filling those in and doing some upgrades the first of the year as well.
Ms. Burgos asked do you take care of the holiday lighting?
Mr. Scheerer responded no, certain communities have a look so whatever we do landscape-wise is make sure the trees are trimmed and look good during the holiday season.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Smyk seconded by Ms. Burgos with all in favor the meeting adjourned at 3:30 p.m.

SecretaryIAssistant Secretary	Chairman/Vice Chairman

S ECTION V

Narcoossee Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2018

Narcoossee Community Development District ANNUAL FINANCIAL REPORT
Fiscal Year Ended September 30, 2018

TABLE OF CONTENTS

Page Number

REPORT OF INDEPENDENT AUDITORS MANAGEMENT'S DISCUSSION AND ANALYSIS

1-2

3-7

BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements
Statement of Net Position	8
Statement of Activities	9
Fund Financial Statements:
Balance Sheet - Governmental Funds	10
Reconciliation of Total Governmental Fund Balances to Net
Position of Governmental Activities	11
Statement of Revenues, Expenditures and Changes in Fund
Balances- Governmental Funds	12
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the
Statement of Activities	13
Statement of Revenues, Expenditures and Changes in Fund
Balances -  Budget and Actual -  General Fund	14
Notes to Financial Statements	15-27
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	28-29
MANAGEMENT LETTER	30-31
INDEPENDENT ACCOUNTANTS REPORT/COMPLIANCE
WITH SECTION 218.415, FLORIDA STATUTES	32

r tt Berger, Toombs, Elam,
C.($, Gaines & Frank
Certified Public Accountants Pl

600 Citrus Avenue
Suite 200
Fort  Pierce,  Florida 34950
772/461-6120 II 461-1155
FAX: 772/468 -927&

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Narcoossee Community Development District Orange County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Narcoossee Community Development District as of and for the year ended September 30, 2018, as listed in the table of contents.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purp·ose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Fort Pierce / Stuart
- 1 -
Member AICPA	Member AICPA Division For CPA Firms Private Companies Practice S.ection

Member FICPA

Berger, Toombs, Elam,
'-0' Gaines & Frank

To the Board of Supervisors
Narcoossee Community Development District

Opinion

In our opinion, the basic financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, and each major fund of Narcoossee Community Development District as of September 30, 2018, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Other Matters

Management's Discussion and Analysis

Accounting principles generally accepted in the United States of America require that the management's discussion and analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economical or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted principally of inquiries - of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with the sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated February 26, 2019 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts.

The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Narcoossee Community Development District's internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida

February 26, 2019

Management's discussion and analysis of Narcoossee Community Development District (the "District") financial performance provides an objective and easily readable analysis of the District's financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District's financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District's basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District's financial position and results of operations. The Fund financial statements present financial information for the District's major funds. The Notes to financial statements provide additional information concerning the District's finances.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments.

The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position are reported in three categories; 1) net investment in capital assets, 2) restricted, and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District's operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment and debt ervice.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current ava[lable resources.

OVERVIEW OF THE FINANCIAL STATEMENTS {CONTINUED)

Fund financial statements include a balance sheet and a  statement  of  revenues, expenditures and changes in fund balances for all governmental funds . A statement of revenues, expenditures, and changes in fund balances - budget and actual is provided for  the District's General Fund. Fund financial statements provide more detailed  information  about the District's activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District's financial standing. These statements are comparable to private-sector companies and give a good understanding of the District's overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including land, buildings and improvements, and infrastructure are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. The statement of activities includes depreciation on all long lived assets of the District, but transactions between the different functions of the District have been eliminated in order to avoid "doubling up" the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, a reconciliation is provided from the fund financial statements to the government-wide financial statements.

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2018.

The District's total assets exceeded total liabilities by $1,728,272 (net  position). Unrestricted net position for Governmental Activities was $111,338. Net Investment in Capital Assets was $1,187,568. Restricted net position was $429,366.

Governmental activities revenues totaled $638,506 while governmental  activities expenses totaled $563,736.

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position  of  the District and is presented by category for comparison purposes.

Net Position

   Governmental Activities	
    2018	2017	
Current assets	$	445,466	$	421,932	
Restricted assets	320,552	300,721	
Capital assets	  4,301,173	4,422,918	
Total Assets	  5,067,191	5,145,571	

Deferred  amount on refunding	 	30,175	32,268

Current liabilities	234,305	227,683	
Non-current liabilities	  3,134,789	3,296,654	
Total Liabilities	  3,369,094	3,524,337	
Net investment in capital assets	1,187,568	1,154,541	
Restricted debt dervice	104,176	81,629	
Restricted capital projects	325,190	308,837	

Net position - unrestricted Total Net Position

 	111,338	108,495
$  1,728,272	$  1,653,502

The decrease in capital assets is the result of current year depreciation.

The decrease in total liabilities is primarily related to principal payments on  the  bonds outstanding .

Financial Analysis of the District (Continued)

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.

Change In Net Position

Governmental Activities

    2018	2017	
Program Revenues
Charges for services	$	634,466	$	633,106 General Revenues
Investment earnings	 	4,040	1,071
Total Revenues	 	638,506	634,177

Expenses
General government	118,061	111,203
Physical environment	291,827	326,739
Interest on long-term debt	153,848	159,010

Total Expenses	 	563,736	596,952

Change in Net Position	74,770	37,225
Net Position - Beginning of Year		1,653,502		1,616,277 Net Position - End of Year	$    1,728,272	$		1,653,502
*Restated

The decrease in physical environment expenses is mostly attributable to a decrease in repairs  and maintenance in the capital projects fund at the fund level.

Capital Assets Activity

The following schedule provides a summary of the District's capital assets as of September 30, 2018 and 2017.

 	Governmental Activities	
Description	2018	2017	
Land	$	3,245,141	$	3,245,141	
Improvements	631,768	631,768	
Infrastructure	2,145,239	2,145,239	
Accumulated depreciation	p ,720,975)	{1,599,230}	
Total Capital Assets (Net)	$	4,301,173	$	4,422,918 The activity for the year consisted of $121,745 in depreciation.
General Fund Budgetary Highlights

Actual governmental expenditures were less than final budgeted amounts primarily due to lower landscape maintenance and wall repairs than were anticipatedin the approved budget.

There were no budget amendments in the current year.

Debt Management

Governmental Activities debt includes the following:

In March 2013, the District issued $4,180,000 Series 2013  Special  Assessment Refunding Bonds. These bonds were issued to refund the Series 2002 Special Assessment Revenue Bonds for the District. The balance outstanding at September 30, 2018 was $3,345,000.

Economic Factors and Next Year's Budget

The District does not expect any economic factors to have any significant effect on the financial position or results of operations of the District in fiscal year 2019.

Request for Information

The financial report is designed to provide a general overview of Narcoossee Community Development District finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed  to the Narcoossee Community Development District,  Governmental  Management  Services-CF, LLC 9145 Narcoossee Rd, Ste A206, Orlando, FL 32827.

	Governmental
 	Activities		
ASSETS
Current Assets		
Cash	$	393,685	
Investments	26,372	
Accounts receivable	726	
Prepaid items	 	24,683 	
Total Current Assets	 	445,466 	

Non-current Assets Restricted assets
Investments
Capital assets, not being depreciated Land
Capital assets, being depreciated

320,552

3,245,141

Infrastructure	2,145,239	
Improvements	631,768	
Less: accumulated depreciation	 		(1,720,975 )	
Total Non-current Assets	 	4,621,725 	
Total Assets	5,067,191	

DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding
Total Assets and Deferred Outflows of Resources

LIABILITIES
Current Liabilities

 	30,175 
 	5,097,366 

Accounts payable and accrued expenses	8,563	
Accrued interest	60,742	
Bonds payable - current portion	 	165,000 	
Total Current Liabilities	 	234,305 	

Non-current liabilities Bonds payable
Total Liabilities

 	3,134,789 
 	3,369,094 

NET POSITION		
Net investment in capital assets	1,187,568	
Restricted debt service	104,176	
Restricted capital projects	325,190	
Unrestricted	 	111,338 	
Total Net Position	$	1,728 ,272	

	Net (Expense)	
	Revenues and	
Program	Changes in	
		Charges for	Governmental	
Functions/Programs	Expenses	Services	Activities	
Governmental Activities
General government	$	(118,061)	$	88,415	$	(29,646)	
Physical environment	(291,827)	218,546	(73,281)	
Interest on long-term debt	p53,848}	327,505	173,657	

 	Revenues	Net Position	

Total Governmental Activities	 	$	(563,736	$	634,466	70,730 

General revenues:
Investment earnings
Change in Net Position Net Position - October 1, 2017
Net Position - September 30, 2018

 	4,040 

74,770

 	1,653,502 

   $	

GOVERNMENTAL FUNDS
September  30, 2018

ASSETS	Total
Debt			Capital		Governmental General	Service		Projects	 		Funds		
Cash	$  68,495	$	$  325,190	$	393,685	
Investments, at fair value	26,372	26,372	
Accounts receivable	351	375	726	
Prepaid items	24,683	24,683	
Restricted assets		
Investments, at fair value	 	320,552	320,552	
Total Assets	 	$ 119,901	$320,927	$  325,190	$	766,018	
LIABILITIES AND FUND BALANCES		
LIABILITIES		
Accounts payable and accrued expenses	$ 	8,563	$	$	$	8,563	
FUND BALANCES		
Nonspendable
Prepaids	
24,683	24,683	
Restricted		
Debt service	320,927	320,927	
Capital projects	325,190	325,190	
Unassigned	     86,655	86,655	
Total Fund Balances	   111,338	320,927	325,190		757,455	
Total Liabilities and Fund Balances	   $119,901	$320,927	$  325,190	$	766,018	

See accompanying notes.
- 10 -

TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September  30, 2018

Total Governmental Fund Balances	$	757,455

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets consisting of land, $3,245,141, improvements, $631,768, and infrastructure, $2,145,239, net of accumulated depreciation, $(1,720,975), used in governmental activities are not current financial resources and therefore,
are not reported at the fund level.

Deferred outflows of resources, deferred amount on refunding net, are not financial resources and, therefore, are not reported at the fund level.

Long-term liabilities, including bonds payable, $(3,345,000), less bond discount, net $45,211, are not due and payable in the current period and, therefore, are not reported at the fund level.

Accrued interest expense for long-term debt is not a current financial use, and therefore, is not reported at the fund level.

4,301,173

30,175

(3,299,789)

(60,742)

Net Position of Governmental Activities	$	1,728,272

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDS
For the Year Ended September 30, 2018

Total
Debt	Capital	Governmental

Revenues	 General	Service	Projects	Funds		
Special assessments	$	306,961	$	327,505	$	$	634,466	
Investment earnings	347	3,662	31	4,040	
Total Revenues	 	307,308	331,167	31	638,506 	

Expenditures Current
General government	118,061		118,061	
Physical environment	170,082		170,082	
Debt service
Principal		
160,000	
160,000	
Interest		150,961	150,961	
Total Expenditures	 	288,143	310,961	599,104	
Excess of revenues over/(under)		
expenditures	 	19,165	20,206	31		39,402	

Other financing sources/(uses)				
Transfers in	16,322	16,322	
Transfers out	(16,322 )    		(16,322 )	

Total other financing sources/(uses)	(16,322) 			16,322		 Net change in fund balances		2,843	20,206		16,353	39,402
Fund Balances - October 1, 2017	 	108,495	300,721	308,837	718,053

Fund Balances - September 30, 2018	 $	111,338       $	320,927	$	325,190	$	757,455

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE
STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2018

Net Change in Fund Balances - Total Governmental Funds	$	39,402

Amounts reported for governmental activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures. However, in the Statement  of Activities, the cost of those assets is allocated over their estimated useful
lives as depreciation. This is the amount of depreciation in the current period.

The deferred amount on refunding is amortized in the Statement of Activities, but not in the governmental funds. This is the amount of current year amortization.

Repayment of bond principal is an expenditure in the governmental funds,
but the repayment reduces long-term liabilities in the Statement of Net Position.

Governmental funds report bond discounts as expenditures. However, in the Statement of Activities, the cost is amortized as interest. This is the amount of amortization in the current year.

(121,745)

(2,093)

160,000

(3,135)

In the Statement of Activities, interest is accrued on outstanding bonds; whereas in governmental funds, interest expenditures are reported when due. This is the net amount between the prior year and the current year accruals.

Change in Net Position of Governmental Activities

 	2,341 

$	74,770

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GENERAL FUND
For the Year Ended September 30, 2018

Original Budget	
Final Budget	

Actual	Variance Favorable
(Unfavorable}	
Revenues
Special assessments	
$ 297,263	
$ 297,263	
$306,961	
$	9,698	
Investment earnings			347	347	
Total Revenues	 	297,263	297,263	307,308	10,045 

Expenditures Current
General government	119,069	119,069	118,061	1,008	
Physical environment	178,194	178,194	170,082	8,112	
Total Expenditures	 	297,263	297,263	288,143	9,120 	
Excess of revenues over/(under) expenditures	
 	19,165	19,165 	

Other financing sources/(uses)
Transfers out	 	(16,322)	(16,322)	(16,322)		 Net change in fund balances		(16,322)	(16,322)		2,843	19,165
Fund Balances - October 1, 2017	 		16,322		16,322		108,495			92,173 Fund Balances - September 30, 2018		$		$		$111,338	$	111,338

See accompanying notes.

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of Narcoossee Community Development District (the "District") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASS) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are dE?scribed below.

Reporting Entity

The District was established on March 4, 2002 by an ordinance of the City of Orlando, Florida, under the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), as a Community Development District. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is governed by a five-member Board of Supervisors, who are elected for terms of four years. The District operates within the criteria established by Chapter 190. The Board has the responsibility for assessing and levying assessments, approving budgets, exercising control over facilities and properties, controlling the use of funds generated by the District, approving the hiring and firing of key personnel, and financing improvements.

The reporting entity for the District includes all functions of government in which the District's Board exercises oversight responsibility. Oversight responsibility includes, but is not limited to, financial interdependency, designation of management, significant ability to influence operations and accountability for fiscal matters. As required by GAAP, these financial statements present the Narcoossee Community Development District (the primary government) as a stand-alone government.

Based upon the application of the above-mentioned criteria as set forth by the Governmental Accounting Standards Board, the District has identified no component units.

Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:
Government-wide financial statements
Fund financial statements
Notes to financial statements

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting {Continued)

Government-wide Financial Statements

Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.

Governmental activities are supported by special assessments, miscellaneous revenues and interest. Program revenues include charges for services, and payments made by parties outside of the reporting government's citizenry if that money is restricted to a particular program. Program revenues are netted with program  expenses  in  the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.

Amounts paid to reduce long-term indebtedness of the reporting  government  are  reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government's governmental  funds  are presented after the government-wide financial statements. These statements display information about major funds individually.

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {CONTINUED)

2. Measurement Focus and Basis of Accounting {Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District has implemented the Governmental Accounting Standards Board Statement 54 - Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance - This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Restricted Fund Balance - This classification includes amounts that can be spent only for specific purposes stipulated by the state constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance - This classification consists of the Board of Supervisors' intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District's management company.

Unassigned Fund Balance - This classification is the residual classification for the government's general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.

Fund Balance Spending Hierarchy - For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using  the  current  financial resources measurement focus and the modified accrual basis of accounting. Revenues  are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of  the end  of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an  accrual item and so has been recognized as revenue of the current fiscal period.

Under the current financial resources measurement focus, only  current  assets  and current liabilities are generally included on the  balance  sheet.  The  reported  fund balance is considered to be a measure of  "available  spendable  resources". Governmental fund operating statements present increases (revenues  and  other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and  uses  of  "available spendable resources" during a period.

Because of their spending measurement  focus,  expenditure  recognition  for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures  in the year  that resources were expended, rather than as fund assets. The proceeds  of long-term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

Governmental Major Funds

General Fund - The General Fund is the District's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Basis of Presentation (Continued)

Governmental Major Funds (Continued)

Debt Service Fund - Accounts for debt service requirements to retire certain special assessment refunding bonds which were used to finance the construction of District infrastructure improvements and finance certain additional improvements. The bond series is secured by a pledge of debt service special assessment revenues in any fiscal year related to the improvements. A lien is placed on all benefited land in relationship to the debt outstanding.

Capital Proiects Fund - The Capital Project Fund accounts for the construction of infrastructure improvements within the boundaries of the District.

Non-current Governmental Assets/Liabilities

GASB Statement 34 requires that non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as special assessment bonds, be reported in the governmental activities column in the government-wide statement of net position.

Assets, Liabilities and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit  monies  with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing  full  insurance  for  public deposits.

Assets, Liabilities and Net Position or Equity (Continued)

Cash and Investments (Continued)

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperative Act of 1969;

Interest-bearing time deposits or savings accounts in authorized qualified public depositories;

Securities and Exchange C_  ommission, registered money  market  funds  with the
highest credit quality rating from a nationally recognized rating agency.

Cash equivalents include time deposits and certificates of deposit  with original maturities of three months or less and held in a qualified public depository as defined by Florida Statute 280.02.

Restricted Net Position

Certain net position of the District are classified as restricted on the statement of net position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.

Capital Assets

Capital assets, which include land and infrastructure, are reported in the applicable governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation basis for all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {CONTINUED}

4. Assets, Liabilities and Net Position or Equity (Continued}

Capital Assets {Continued}

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Depreciation of capital assets is computed and recorded by utilizing the straight-line method. Estimated useful lives of the various classes of depreciable capital assets are as follows:

Improvements: Infrastructure:

Deferred Outflow of Resources

10-30 years
10-30 years

Deferred outflows of resources represent a consumption of net position/fund balance that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District only has one item that qualifies for reporting in this category. It is the deferred amount on refunding reported on the Statement of Net Position. A deferred amount on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt.

Unamortized Bond Discount

Bond discounts are presented on the government-wide financial statements. The costs are amortized over the life of the bonds using the method of accounting. For financial reporting, the unamortized bond discount is netted against the applicable long-term debt.

Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget variance columns of the accompanying financial statements may occur.

NOTE	B   -		RECONCILIATION  OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS

Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position

"Total fund balancesn of the District's governmental funds ($757,455) differs from "net position" of governmental activities ($1,728,272) reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the statement of net position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below.

Capital related items

When capital assets (property, plant and equipment that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However, the Statement of Net Position included those capital assets among the assets of the District as a whole.

Land	$	3,245,141	
Improvements	631,768	
Infrastructure	2,145,239	
Accumulated depreciation	(1,720.975)	
Total	$	4 301 173	

Deferred outflows of resources

Deferred amounts in refunding, net is not a current financial resource and , therefore, is not reported in the funds.
Deferred amount on refunding	$	30.175
Long-term debt transactions
Long-term liabilities applicable to the District's governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2018 were:

Bonds payable Bond discount, net
Total

$	(3,345,000)
 	45 211 
$	(3,299,789}

Accrued interest

Accrued liabilities in the Statement of Net Position differ from the amount reported in governmental funds due to accrued interest on bonds.

Accrued interest on bonds payable	$	(60,742)

NOTE	B   -		RECONCILIATION  OF	GOVERNMENT-WIDE  AND	FUND	FINANCIAL STATEMENTS (CONTINUED)

Explanation of Differences Between the Governmental  Fund  Operating  Statements and the Statement of Activities

The "net change in fund balances" for government  funds ($39,402)  differs  from the "change in net position" for governmental activities ($74,770) reported in the Statement  of  Activities. The differences arise primarily from the long-term economic focus of the Statement  of Activities  versus the current financial resources focus of the governmental  funds.  The effect of the differences is illustrated below.

Capital related items

When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year.

Depreciation	$	(121,745)

Deferred outflows of resources

The deferred amount on refunding is amortized in the Statement of Activities, but not in governmental funds. This is the amount of current year amortization.

Deferred amount on refunding amortization	$	(2.093)

Long-term debt transactions

Repayments of bond principal are reported as an expenditure in the governmental funds and, thus, have the effect of reducing fund balance because current financial resources have been used.

Debt principal payments	$	160,000	
Bond discount amortization	(3,135)	
Total	$	156,865 	

Some expenses reported in the Statement of Activities do not require the use of current financial resources, therefore, are not reported as expenditures in governmental funds.
Net change in accrued interest payable	$	2 341

NOTE C - CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.

Custodial Credit Risk - Deposits

Custodial credit risk is the risk that in the event of a bank failure,  the District's deposits  may not be returned to it. The District does not have a formal deposit policy for custodial credit risk; however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2018, the District's bank balance was $402,073 and the  carrying value was $393,685. The District  maintains  all deposits in a qualified public  depository in accordance with the provisions of Chapter 280, Florida Statutes,  which  means  that  all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

As of September 30, 2018, the District had the following investments and maturities:

Investment	Maturities	Fair Value

First American Government Obligation Fund

*Maturity is a weighted average maturity.

26 days*	$	346,924

The District categorizes its fair value measurement within the fair value hierarchy established by generally accepted accounting principles. The fair  value is the price that would  be received  to sell an asset, or paid to transfer a liability, in an orderly  transaction  between market participants at the measurement date. The hierarchy is based  on the valuation  inputs used to measure  the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.

Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District's own data in measuring unobservable inputs.

The investment listed above is a level 1 asset.

Interest Rate Risk

The District does not have a formal investment policy that limits investment  maturities  as a means of managing its exposure to fair value losses arising from increasing interest rates.

NOTE C-CASH AND INVESTMENTS (CONTINUED)

Credit Risk

The District's investments are limited by state statutory requirements and bond compilance. The District has no investment policy that would further limit its investment choices. As of September 30, 2018, the District's investment in First American Government Obligation Fund was rated AAAm by Standards & Poors.

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one investment. The investment in the First American Government Obligation is 100% of the District's total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2018 were typical of these items during the fiscal year then ended. The District considers any decline in fair value for certain investments to be temporary.

NOTE D - SPECIAL ASSESSMENT REVENUES

Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually. Debt Service Assessments are levied when bonds are issued and collected annually. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the bond documents.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

NOTE E - CAPITAL ASSETS

Capital Asset activity for the year ended September 30, 2018 was as follows:

Beginning	Ending
 	Balance	Additions	Deletions	Balance	
Governmental Activities:
Capital assets, not being depreciated:
Land	$ 3,245,141	$	$	$ 3,245,141

Capital assets, being depreciate:d
Improvements	631,768	631,768	
lnfrastucture	 	2,145,239		2,145,239 	
Total Capital Assets, Being Depreciated	2,777,007	2,777,007	
Less accumulated depreciation	(1,599,230}	{121,745)	{1,720,975)	
Total Capital Assets Depreciated, Net	 	1,177,777	(121,745) 	1,056,032 	
Governmental Activities Capital Assets	 § 4,422,918	I (12\745)	4,301.173
Depreciation of $121,745 was charged to physical environment.

NOTE F - LONG-TERM DEBT

The following is a summary of activity for long-term debt of the District for the year ended September 30, 2018 :

Long-term debt at October 1, 2017 Principal payments
Long-term debt at September 30, 2018

$4,180,000 Series 2013 Special Assessment Refunding Bonds due in annual installments beginning May 2014 and maturing May 2033. Interest from 5.125%  to 5.625%  is  due in May and November starting May 2013.

Bond Discount, Net Bonds Payable, Net

$	3,505,000

(160,000)

$	3 345.000

$	3,345,000

 	(45,211)

$	3 299,789

NOTE F- LONG-TERM DEBT (CONTINUED)

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2018 are as follows:

Year Ending
September 30,	 	Principal	 	Interest	

 	Total	

2019	$	165,000	$	145,780	$	310,780	
2020	175,000	140,174	315,174	
2021	175,000	133,861	308,861	
2022	185,000	127,236	312,236	
2023	190,000	118,321	308,321	
2024-2028	1,090,000	458,373	1,548,373	
2029-2033	 	1,365,000	182,038	 	1,547,038 	
Totals	 	3,345,000	$	1,305,783	$	4,650,783	

Summary of Significant Bonds Resolution Terms and Covenants
The District levies special assessments pursuant to Section 190.022, Florida Statutes and the assessment rolls are approved by resolutions of the District Board. The collections are to be strictly accounted for and applied to the debt service of the bond series for which they were levied. The District covenants to levy special assessments in annual amounts adequate to provide for payment of principal and interest on the bonds. Payment of principal and interest is dependent on the money available in the debt service fund and the District's ability to collect special assessments levied.

The Bonds are subject to redemption at the option of the District and are also subject to extraordinary mandatory redemption prior to maturity as outlined in the Bond Indenture.

The bond resolution and the trust indenture provide for the establishment  of certain  accounts. The accounts include a construction, revenue, redemption, reserve, interest and prepayment account and are maintained by a trustee.

The bond indenture provides for Debt Service Reserve Funds, which shall be  held  by  the Trustee separate and apart from all other funds. The following is a schedule of reserve requirements and balances in the reserve accounts at September 30, 2018:

Reserve
 	Balance	
Series 2013	$ 156 ,009

Reserve Requirement
$	156 ,009

NOTE G - RISK MANAGEMENT
The government is exposed to various risks of loss related to torts, theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government  carries commercial insurance .

r tt Berger, Toombs, Elam,
Co,, Gaines & Frank
Certified Public Accountants	PL
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 /1461-1155
FAX: 772/468-9278

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE  WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Narcoossee Community Development District Orange County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Narcoossee Community Development District, as of and for the year ended September 30, 2018, and the related notes to the financial statements, and have issued our report thereon dated February 26, 2019.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered Narcoossee Community Development District's internal control over financial reporting to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Narcoossee Community Development District's internal control. Accordingly, we do not express an opinion on the effectiveness of Narcoossee Community Development District's internal control over financial reporting.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, mater.ial weaknesses may exist that have not been identified.

Member AICPA

Fort Pierce / Stuart
- 28 -
Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

6Q Berger, Toombs, Elam,
'-0' Gaines & Frank

Board of Supervisors
Narcoossee Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Narcoossee Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants
Fort Pierce, Florida February 26, 2019

- 29 -

£l Berger, Toombs, Elam,
Cf$, Gaines & Frank
Certified Public Acmuntants PL

600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278	MANAGEMENT LETTER
To the Board of Supervisors
Narcoossee Community Development District Orange County, Florida

Report on the Financial Statements

We have audited the financial statements of the Narcoossee Community Development District as of and for the year ended September 30, 2018, and have issued our report thereon dated February 26, 2019.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial  Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor's Report on an examination conducted in accordance with A/CPA Professionals Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated  February  26,  2019,  should  be considered in conjunction with this Management Letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. There were no findings or recommendations in the preceding audit.

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not Narcoossee Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that Narcoossee Community Development District did not meet any of the conditions described in Section 218.503(1) Florida Statutes.

Member AICPA

Fort Pierce / Stuart
- 30 -
Member AICPA Divis i on For CPA Firms Private Companies Practice Section

Member FICPA

&	Berger, Toombs, Elam,
q,j7 Caines & Frank

To the Board of Supervisors
Narcoossee Community Development District

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for Narcoossee Community Development District. It is management's responsibility to monitor the Narcoossee Community Development District's financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same as of September 30, 2018.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendation.s

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

Our Management Letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida February 26, 2019

- 31 -

r tt Berger, Toombs, Elam,
C	Gaines & Frank
Certified Public Accountants	Pl
600 Citrus Avenue
Suite 200
Fort Pierce,  Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278

INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Narcoossee Community Development District Orange County, Florida

We have examined Narcoossee Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2018. Management is responsible for Narcoossee Community Development District's compliance with those requirements. Our responsibility is to express an opinion on Narcoossee Community Development District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Narcoossee Community Development District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Narcoossee Community Development District's compliance with the specified requirements.

In our opinion, Narcoossee Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2018.

Berger, Toombs, Elam,_ Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida

February 26, 2019

Member AICPA

For t Pierce / Stuart
- 32 -
Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

S ECTION VI

S ECTION A

S ECTION 1

Hopping Gre n & Sarns
Attorneys and Counselors

February 18, 2019

Narcoossee Community Development District c/o District Manager
Governmental Management Services-Central Florida, LLC 135 West Central Boulevard, Suite 320
Orlando, Florida 32801

Re:	Narcoossee Community Development District Dear District Manager:
The fee agreement in place between our firm and the District contemplates adjustments to the hourly rates from time to time after an annual evaluation by our firm. The firm is  respectfully submitting this notification to increase our standard hourly rates. My hourly rate will adjust from $285 to $300, which is an increase of $15 per hour. The hourly rate of the associate most likely to provide services to the District will adjust from $245 to $265. The rate for paralegal services will remain the same. The new hourly rates will become effective with the February billing statement, covering January 2019 time.

As always, we will continue to implement cost-effective strategies to minimize legal expenses for the District while at the same time providing thoughtful and comprehensive services.

If you have any questions, please feel free to call. We thank you for the opportunity to be of service.

RoyVanWyk
RVW/lk

cc:	Jeffrey Smyk, Chairman

 	 	 

Post Office Box 6526	Tallahassee, Florida 32314	119 S. Monroe Street, Suite 300 (32301)	850.222.7500	850.224.8551 fax	www.hgslaw.com

S ECTION 8

S ECTION 1

JIIISUPERIOK
UJ1IlDFENCEltBAIL,mc.	
WHERE QUALITY MATTERS

Date: 01/07/2019

Superior Fence & Rail
1705 Kennedy Point
Oviedo, Florida 32765
Phone: (407) 971-7804
Fax: (407) 971-8403
Estimator: Chris Johnson chris@superiorfenceandrail.com

To:	Dewberry
Attn: Barry Roy
Tel: 407-947-4560
Email: broy@dewberry.com

Project:	Bid Items:
Dowden Road	Fence

Material	Specifications	j	Total

SCOPE OF WORK

Construct Fifteen 2'8" x 2'8" x 6'8" columns with caps per plan and clad with Norwegian brick.

Install approximately 496 lineal ft. of 6 ft. tall 3 rail commercial grade aluminum fence on 6 ft centers with 60 lbs of concrete per post installed as described below:

Pond 1: 102 ft of 6' tall on flat land; 30 ft of 6' tall on slope Pond 2: 104 ft of 6' tall on flat land; 30 ft. of 6' tall on slope Pond 3: 60 ft of 6' tall on flat land; 30 ft. of 6' tall on slope Pond 4: 110 ft. of 6' tall on flat land; 30 ft of 6' tall on slope Note: Fence on slope to be racked to follow grade of slope.
Commercial Grade Aluminum Fence Specifi cations
Fence Style: 5' tall commercial grade ornamental aluminum fence with three rails Post Profile: 2 1/2" sq.
Picket Profile: 3/4" sq.
Rail Profile: 1 ½" x 11/8"
Color:	Black

*Provide necessary engineering and permits
*Remove all trash from jobsite.
*Survey and layout by others.
*Not responsible for any damage to landscape irrigation.
*All excavated material to remain on site.
*MOT is excluded.
*Grade work is excluded.

1705 Kennedy Point• Oviedo, Florida 32765 • Office (407) 971-7804 • Fax (407) 971-8403

www.superiorfenceandrail.com

Total:	$93,200.00

Quotation prepared by; Chris Johnson

This is a quotation on the goods named, subject to the conditions noted below:
Fence to be field measured upan completion to verify accuracy of footage. Clearing of obstructions along fence line to be cleared by others.
Any grading or staking that is required to be done by others. Fence to be installed to follow the grade of the property.
The material cost listed in this estimate is valid for 30 days, only.
To accept this estimate and guarantee pricing, a deposit [50% of total amount due] must be paid prior to the expiration date listed above. Any costs associated with securing applicable permitting to be added to final invoice.
Price is based on complete contract acceptance and all work being performed concurrently. Any individual breakout may be subject to additional costs or fees .

To accept this quotation, sign here and return: _ _

_ _ _ _

_ _ _

_ _ _ _ _ _ _ _

_ _ _ _

_	Date: 	_

THANK YOU FOR YOUR BUSINESS!

1705 Kennedy Point• Oviedo, Florida 32765  •  Office  (407) 971-7804 •  Fax (407) 971-8403 w w w . s u p e r i o r f e n c e a n d r a i l . co m
Page 2 of 2

S ECTION C

S ECTION 1

Narcoossee
Community Development District
Summary of Check Register

January 16, 2019 to March 19, 2019

	Fund	Date	CheckNo.'s	Amount	
	General Fund	1/22/19	1779	$	1,200.00	
		1 / 23 /19	1780	$	196,638.24	
		2/5/19	1781	$	348.00	
		2/7 /19	1782	$	5,481.03	
		2/17/19	1783	$	8,291.87	
		2/19/19	1784-1786	$	6,150.00	
		2/26/19	1787	$	5,169.92	
		3/5/19	1788-1789	$	756.00	
		3/8/19	1790	$	5,483.52	
		3/12/19	1791-1793	$	12,348.29	
				$	241,866.87	
	Capital Reserve - Nona Crest	3/19/19	4	$	6,036.00	
				$	6,036.00	
				$	24,,902.s, 1	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/19/19
***  CHECK DATES 01/16/2019 - 03/19/2019 ***	NARCOOSSEE-GENERAL FUND
BANK A NARCOOSSEE-GENERAL

PAGE	1

DATE 1/22/19	
00083	DATE 1/17/19	

1/23/19	
00034	
1/17/19	

2/05/19	
00022	
1/31/19	

2/07/19	
00043	
2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	

2/17/19	
00034	
2/17/19	

2/19/19	
00022	
1/31/19	
		1/31/19	

CHECK  VEND# •.•••INVOICE••••...•EXPENSED TO...	VENDOR NAME
INVOICE	YRMO DPT ACCT# SUB SUBCLASS
1175	201901 310-51300-35200
WEBSITE/ADA COMPLIANCE

STATUS

*

AMOUNT	•••.CHECK.•...
AMOUNT	#
1,200.00

V GLOBAL TECH/ NEWAGETUTORS LLC
01172019 201901 300-20700-10500
FY19 ORANGE CTY-DS 2013

- - -  -	-  - - - -  -1,-20-0.00- 001779

-	-

*	196,638.24

NARCOOSSEE CDD C/O US BANK
175129	201901 320-53800-46300
NNA.CRST.AQUAT.MGMT-JAN19

- - - -  - -  -  - - -196,-63-8.-24-

-

*	348.00

001780

APPLIED AQUATIC MANAGEMENT, INC.
327	201902 310-51300-34000	*
MANAGEMENT FEES-FEB19
327	201902 310-51300-35100	*
INFORMATION TECH-FEB19
327	201902 310-51300-31300	*
DISSEMINATION
327	201902 310-51300-42500	*
COPIES
328	201902 320-53800-12000	*
FIELD MANAGEMENT-FEB19
328	201902 330-53800-12000	*
FIELD MANAGEMENT-FEB19	_
328	201902 340-53800-12000	*
FIELD MANAGEMENT-FEB19

-	- -		-  -	- - - -3-48.-0-0 001781 3,689.58

-	-	-

141.67
83.33
1.20
347.00
846.33
371.92

GOVERNMENTAL MANAGEMENT SERVICES
02172019 201902 300-20700-10000
FY19 DEBT SERV SER2013

- - -  -  - - -  - - -  -5,-48-1.-03-
*	8,291.87

001782

NARCOOSSEE CDD C/O US BANK
175128	201901 330-53800-46300
LA VINA AQUAT MGMT-JAN19 175131	201901 340-53800-46300
NNA.PSRV AQUAT MGMT-JAN19

-  - - -  - - -  - -  -  -8,-29-1.-87-
*	500.00
*	350.00

001783

2/19/19 00069

APPLIED AQUATIC MANAGEMENT, INC.
2/10/19 27803	201902 330-53800-46200
LA VINA LNDSCP MNT-FEB19

-	-  -  -  -  -	-  -  - -8-50.-00-

-	-

*	4,050.00

001784

2/19/19 00084

DOWN TO EARTH LAWNCARE II, INC
1/29/19 1456	201901 320-53800-46600
P.WASH/NNA CRST EXT WALL

- - - -  - - .-  - - - -4,-05-0.-0-0 001785
*	1,250.00

PRESSURE WASH THIS INC.	1,250.00 001786

NARC -NARCOOSSEE - TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/19/19
***  CHECK DATES 01/16/2019 - 03/19/2019 ***	NARCOOSSEE-GENERAL FUND
BANK A NARCOOSSEE-GENERAL

PAGE	2

CHECK  VEND# •....INVOICE••.•....EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS	AMOUNT	CHECK•..•.
AMOUNT	#

2/26/19 00069

3/05/19 00005

2/10/19 27804	201902 320-53800-46200
NNA.CRST.LNDSCP MNT-FEB19 2/10/19 27805	201902 340-53800-46200
NNA.PRSV.LNDSCP MNT-FEB19 2/15/19 27747	201902 340-53800-46400
NNA.PRSV.IRRG RPR-FEB19 2/18/19 28685	201902 320-53800-46400
NNA.CRST-IRRIG RPR-FEB19
DOWN TO EARTH LAWNCARE II, INC
2/25/19 105728	201901 310-51300-31500
FY17-18 LTR/LEGISLTN/ADA

*	1,703.33
*	2,450.00
*	376.37
*	640.22

-

- - - -	- -  - - -  -5,-1-69-.92-
*	408.00

001787

3/05/19 00022

HOPPING GREEN & SAMS
2/28/19 175739	201902 320-53800-46300
NNA.CRST.AQUAT.MGMT-FEB19

-  - - -	-  - - -  -  - -40-8.-0-0 001788

-

*	348.00

3/08/19 00043

3/01/19
3/01/19
3/01/19
3/01/19
3/01/19
3/01/19
3/01/19

APPLIED AQUATIC MANAGEMENT, INC.
329	201903 310-51300-34000
MANAGEMENT FEES-MAR19
329	201903 310-51300-35100
INFORMATION TECH-MAR19
329	201903 310-51300-31300
DISSEMINATION-MAR19
329	201903 310-51300-51000
OFFICE SUPPLIES
329	201903 310-51300-42000
POSTAGE
329	201903 310-51300-42500
COPIES
330	201903 320-53800-12000
FIELD MANAGEMENT-MAR19

-  - - -	-  - - -  -	-3-48-.0-0 001789

-	-

*	3,689.58
*	141.67
*	83.33
*	.09
*	1.50
*	2.10
*	1,565.25

3/12/19 00022

GOVERNMENTAL MANAGEMENT SERVICES
2/28/19 175738	201902 330-53800-46300
LA VINA AQUAT MGMT-FEB19 2/28/19 175741	201902 340-53800-46300
NNA.PRSV AQUAT MGMT-FEB19

- - - -	- -  -  -  - -5-,48-3.-52- 001790

-

*	500.00
*	350.00

3/12/19 00076

APPLIED AQUATIC MANAGEMENT, INC.
3/03/19 344006	201903 310-51300-32200
FY18 AUDIT

-	-  -  -  -  - -  - - - -85-0.-00-

-

*	3,000.00

001791

3/12/19 00069

BERGER TOOMBS ELAM GAINES & FRANK
2/28/19 30128	201902 340-53800-46400
NNA.PRSV IRRG.RPR-FEB19

- - - -  -  - - - - - -3,-00-0.-00- 001792
*	294.96

NARC -NARCOOSSEE - TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/19/19
***  CHECK DATES 01/16/2019 - 03/19/2019 ***	NARCOOSSEE-GENERAL FUND
BANK A NARCOOSSEE-GENERAL

PAGE	3

CHECK  VEND# ..•••INVOICE•...•.••EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
3/10/19 30580	201903 330-53800-46200
LA VINA LNDSCP MNT-MAR19 3/10/19 30581	201903 320-53800-46200
NNA.CRST.LNDSCP MNT-FEB19 3/10/19 30582	201903 340-53800-46200
NNA.PRSV.LNDSCP MNT-MAR19
DOWN TO EARTH LAWNCARE II, INC

STATUS	AMOUNT		..••CHECK.•••• AMOUNT	#
*	4,050.00
*	1,703.33
*	2,450.00
8,498.29 001793

TOTAL FOR BANK A TOTAL FOR REGISTER

241,866.87
241,866.87

NARC -NARCOOSSEE -	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***  CHECK DATES 01/16/2019 - 03/19/2019 ***	CAPITAL RESERVES-NONA CREST
BANK D NONA CREST

RUN 3/19/19	PAGE	l

CHECK  VEND# •••••INVOICE••.••••.EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
3/19/19 00003	2/28/19 30108	201902 600-53800-60000
RPLC CTR ISLND TREE/FLWRS

STATUS	AMOUNT	•...CHECK.....
AMOUNT	#
*	6,036.00

DOWN TO EARTH LAWNCARE II, INC	6,036.00 000004

TOTAL FOR BANK D TOTAL FOR REGISTER

6,036.00
6,036.00

NARC -NARCOOSSEE - TVISCARRA

S ECTION 2

e'

Ce	e'>
•••••••••••

Narco ossee
Community Development District

Unaudited Financial Reporting February 28, 2019

Table of Contents

1	 	Balance Sheet

2-3	 	General Fund

 	Debt Service Fund

 	CapitaI Reserves Fund - Nona Preserve 

 	Capital Reserve Fund - Parcels G&H

 	Capital Reserves Fund -  Nona Crest

 	Capital Reserve Fund -  La Vina

9-10	 	Month to Month

 	Long-Term Debt

 	Assessment Receipt Schedule

Narcoossee
Communi tv  DeveloRm ent District
Combined Balance Sheet
For the Period Ended February 28, 2019

Governmental Fund T ReS	Totals
Debt	capital	(Memorandum Only)
General	Service	Projects	2019
Assets:		
Cash	$197,513			$197,513	
Cash-Nona Preserve			$38,265	$38,265	
Cash-Parcels G & H			$82,686	$82,686	
Cash-Nona Crest			$102,459	$102,459	
Cash-La Vina			$125,578	$125,578	
Custody-Excess Funds	$26,603			$26,603	
Series 2013A-1/ A-2					
Reserve A-1		$104,615		$104,615	
Prepayment A-1		$287		$287	
Revenue		$361,982		$361,982	
Reserve A-2		$51,394		$51,394	
Excess Revenue		$0		$0	
Total Assets	$224,117	$518,278	$348,987	$1,091,382	

Liabilities:					
Accounts Payable	$1,901		$6,036	$7,937	
Fund Balances:					
Restricted for Debt Service		$518,278		$518,278	
Assigned for Capital Projects - Nona Preserve			$38,265	$38,265	
Assigned for Capital Projects - GH			$82,686	$82,686	
Assigned for Capital Projects - Nona Crest			$96,423	$96,423	
Assigned for Capital Projects - La Vina			$125,578	$125,578	
Unassigned	$222,216			$222,216	
Total Liabilities and Fund Equity					
& Other Credits	$224,117	$518,278	$348,987	$1,091,382	

Revenues:		
Maintenance Assessments	$297,263	$251,150	$251,150	$0	
Interest	$0	$0	$231	$231	
Total Revenues	I 	$297,263	$251,150	$251,381		s 231 1

Expenditures:
Administrative		
Supervisor Fees	$6,000	$2,500	$1,000	$1,500	
FICA	$459	$191	$77	$115	
Engineering	$10,000	$4,167	$705	$3,462	
Assessment Roll	$5,000	$5,000	$5,000	$0	
Attorney	$17,000	$7,083	$2,354	$4,729	
Annual Audit	$3,000	$0	$0	$0	
Dissemination	$1,250	$521	$417	$104	
Arbitrage	$600	$0	$0	$0	
Trustee Fees	$2,750	$0	$0	$0	
Management Fees	$44,275	$18,448	$18,448	($0)	
Information Technology	$1,700	$708	$1,908	($1,200)	
Telephone	$100	$42	$12	$30	
Postage	$450	$188	$80	$107	
Insurance	$21,651	$21,651	$19,683	$1,968	
Printing & Binding	$1,200	$500	$48	$452	
Legal Advertising	$1,200	$500	$0	$500	
Other current Charges	$360	$150	$208	($58)	
Property Appraiser	$780	$780	$771	$9	
Office Supplies	$150	$63	$19	$43	
Dues, licenses & Subscriptions	$175	$175	$175	$0	
Contingency	$969	$404	$0	$404	

Total Administrative	I 	$119,069	$63,070	$50,904	$12,166 1
Nona crest
Field Management	$4,164	$1,735	$1,735	$0	
Landscape Maintenance	$25,440	$10,600	$8,517	$2,083	
Irrigation Repairs	$3,000	$1,250	$640	$610	
Lake Maintenance	$4,300	$1,792	$1,740	$52	
Feature lighting	$750	$313	$0	$313	
Miscellaneous Common Area	$5,262	$2,193	$2,818	($626)	
Total Nona Crest	I 	$42,916	$17,882	$15,450		$2,432 I

La Vina					
Field Management	$10,156	$4,232	$4,232	$0	
Landscape Maintenance	$51,100	$21,292	$20,250	$1,042	
Irrigation Repairs	$4,000	$1,667	$465	$1,202	
Lake Maintenance	$6,180	$2,575	$2,500	$75	
Utilities	$8,340	$3,475	$2,895	$580	
Wall Repairs/Cleaning	$6,000	$2,500	$0	$2,500	
Solvino Streetlighting	$2,710	$1,129	$1,115	$14	
Capri Streetlighting	$3,850	$1,604	$1,585	$19	
Miscellaneous Common Area	$1,069	$445	$600	($155)	

Total La Vina	I 	$93,405	$38,919	$33,641	$5,278 1
Nona Preserve
Field Management	$4,463	$1,860	$1,860	($0)	
Landscape Maintenance	$29,400	$12,250	$12,250	$0	
Irrigation Repairs	$2,200	$917	$865	$52	
Lake Maintenance	$4,300	$1,792	$1,750	$42	
Miscellaneous Common Area	$1,510	$629	$0	$629	
Total Nona Preserve	I 	$41,873	$17,447	$16,724		$723 I

Maintenance Expenses Total Expenditures
Other Sources (Uses)

•

 	$178,194	$74,248	$65,815		$8,432 1

 	$297,263	$137,317	$116,719		$20,598 1
•

Transfer Out	($23,785)	($23,785)	($23,785)	$0
Total Other Sources (Uses)	I 	($23,785)	($23,785)		($23,785)	so I Excess Revenues (Expenditures)	I 	($23,785)		$110,877		 Fund Balance - Beginning		I 		$23,785		$111,339		
Fund Balance - Ending	I 	$0		$222,216	

Debt SeNice Fund Statement of Revenues & Expenditures For the Period Ended February 28, 2019

	Adopted	Prorated Budget	Actual		
	Budget	Thru 2/28/19	Thru 2/28/19	Variance	

Revenues:					
Assessments - Tax Roll	$317,131	$267,959	$267,959	$0	
Interest	$1,000	$417	$2,283	$1,866	
Total Revenues	 	$318,131	$268,375	$270,241		$1,866 I

Expenditures:		

Series 2013A-1
Interest Expense 11/01	
$44,703	
$44,703	
$44,703	
$0	
Principal 5/01	$120,000	$0	$0	$0	
Interest Expense 5/01	$44,703	$0	$0	$0	
Series 2013A-2
Interest Expense 11/01	
$28,188	
$28,188	
$28,188	
$0	
Principal 5/01	$45,000	$0	$0	$0	
Interest Expense 5/01	$28,188	$0	$0	$0	
Total Expenditures	I	 	$310,780	$72,890	$72,890		so I

Excess Revenues (Expenditures)		I	$7,351	$197,351	

Fund Balance - Beginning			$163,&n	$320,927	
					
Fund Balance - Ending		J	$171,028	$518,278	

Capital ReseNe Fund - Nona PreseNe Statement of Revenues & Expenditures For the Period Ended February 28, 2019

Adopted Budget

Prorated Budget Thru 2/28/19

Actual
Thru 2/28/19	Variance

Revenues:

Transfer In	$323	$323	$323	$0
Interest	$0	$0	$2	$2
Total Revenues	I	 	$323		$323	$325		$2 I

Expend)tures:		
Capital Projects	$0	$0	$0	$0	
Total Expenditures	 	$0	$0	$0		$0 I	
Excess Revenues (Expenditures)	$323	$325	
Fund Balance - Beginning	I	$32,089	$37,941
Fund Balance• Ending	I	$32,412	$38,265

For the Period Ended February 28, 2019	
	Adopted
Bud et	Prorated Budget
Thru 2/28/19	Actual
Thru 2/28/19	
Variance		

Revenues:						
Transfer In	$2,477	$2,477	$2,477		$0	
Interest	$0	$0	$3		$3	
Total Revenues	I	 	$2,477	$2,477	$2,480		$3	

Capital ReseNe Fund - Parcels G & H Statement of Revenues & Expenditures

I

Expenditures:		
Bank Fees	$0	$0	$0	$0	

Total Expenditures	
 	$0		
$0		
$0		so I	
Excess Revenues (Expenditures)	I	$2,477	$2,480	
Fund Balance - Beginning	I	$80,206	$80,206
Fund Balance - Ending	I	$82,683	$82,686

Capital Reserve Fund - Nona Crest
Statement of Revenues & Expenditures
For the Period Ended February 28, 2019	
	Adopted	Prorated Budget	Actual			
	Budget	Thru 2/28/19	Thru 2/28/19	Variance		

Revenues:						
Transfer In	$7,105	$7,105	$7,105		$0	
Interest	$0	$0	$4		$4	

Total Revenues	I	 	$7,105	$7,105	$7,109		$4 I	

Expenditures:		
Repairs & Maintenance	$0	$0	$6,036	($6,036)	
Total Expenditures	I	 	$0		$0		$6,036		($6,036)1	
Excess Revenues (Expenditures)	I	$7,105	$1,073	

Fund Balance - Beginning			$89,909	$95,350	

Fund Balance - Ending			$97,014	$96,423	

I

Capital Reserve Fund - LaVlna Statement of Revenues & Expenditures For the Period Ended February 28, 2019

	Adopted	Prorated Budget	Actual			
	Budget	Thru 2/28/19	Thru 2/28/19	Variance		

Revenues:							
Transfer In		$13,880	$13,880	$13,880		$0	
Interest		$0	$0	$5		$5	
Total Revenues	I	 	$13,880	$13,880	$13,885		$5 I

Expenditures:		
Dowden Median Improvements	$50,000	$20,833	$0	$20,833	
Total Expenditures	I	 	$50,000	$20,833	$0		$20,833 1	
Excess Revenues (Expenditures)	I	($36,120)	$13,885	

Fund Balance - Beginning		I	$91,373	$111,693	

Fund Balance - Ending			$55,253	$125,578	

 	Oct.	Nov	Dec	Jan	Feb	Mar	Apr	May	 Jun	Jul		Aug	Sep	Tat,1

Revenues:		
Maintenance Assessments	$0	$3,739	$230,980	$8,659	$7,772	$0	$0	$0	$0	$0	$0	$0	$251,150	
Interest	$40	$46	$45	$49	$52	$0	$0	$0	$0	$0	$0	$0	$231	

Total Revenues	
$40	$3,785	$231,025	$8!708	$7,823	$0	so	$0	$0	$0	$0	
$0	
$251,381 1	
Exnendltures;														
Administrative
SupeNisor Fees	
$0	
$1,000	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$1,000	
FICA	$0	$77	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$77	
Engineering	$0	$705	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$705	
Assessment Roll	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Attorney	$250	$1,696	$0	$408	$0	$0	$0	$0	$0	$0	$0	$0	$2,354	
Annual Audit	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Dissemination	$83	$83	$83	$83	$83	$0	$0	$0	$0	$0	$0	$0	$417	
Arbitrage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Trustee Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Management Fees	$3,690	$3,690	$3,690	$3,690	$3,690	$0	$0	$0	$0	$0	$0	$0	$18,448	
lnfonmatlon Technology	$142	$142	$142	$1,342	$142	$0	$0	$0	$0	$0	$0	$0	$1,908	
Telephone	$0	$12	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$12	
Postage	$10	$50	$5	$15	$0	$0	$0	$0	$0	$0	$0	$0	$80	
Insurance	$19,683	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$19,683	
Printing & Binding	$20	$0	$27	$0	$1	$0	$0	$0	$0	$0	$0	$0	$48	
Legal Advert is ing	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Other Current Charges	$51	$53	$59	$36	$7	$0	$0	$0	$0	$0	$0	$0	$208	
Property Appraiser	$771	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$771	
Office Supplies	$1	$0	$18	$0	$0	$0	$0	$0	$0	$0	$0	$0	$19	
Dues, Ucenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Contingency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	

Total Administrative	
$29,876	
$7,507	
$4,024	
$5,574	
$3&!23	
$0	
$0	
$0	
$0	
$0	
$0	
$0	sso,904 I	

f/.rl/1;.

Oct	Nov	Dec	Jan	Feb	Mar	Apr	Ma x	Jun	Jul	A!:!f!	S51!	Total

Field Management		$347		$347		$347		$347		$347	$0	$0	$0	$0	$0	$0	$0	$1,735 Landscape Maintenance	$1,703	$1,703	$1,703	$1,703	$1,703	$0	$0	$0	$0	$0	$0	$0	$8,517 lrrisation Repairs			$0			$0			$0			$0		$640	$0                     $0                      $0                    $0                      $0                      $0                      $0                   $640 Lake f\4aintenance                                                          $348                  $348                  $348               $348               $348                        $0                          $0                     $0                    $0                     $0                        $0                     $0               $1,740  Feature Lighting                                                          $0                        $0                     $0                     $0                     $0                       $0                          $0                      $0                      $0                      $0                        $0                    $0                       $0 Miscellaneous common Area $1,198 $370 $0 $1,250 $0 $0 $0 $0 $0 $0 $0 $0 $2,818
Total Nono crest	$"3,596	$2,768	$2,398	$3,648	$3,039	$0	$0	$0	$0	$0	$0	$0	sis,4so 1

1.£.i{iag
Field Management		$846		$846		$846		$846		$846	$0	$0	$0	$0	$0	$0	$0		$4,232 Landscape Maintenance	$4,050	$4,050	$4,050	$4,050	$4,050	$0	$0	$0	$0	$0	$0	$0	$20,250 Irrigation Repairs			$0		$322			$0		$143			$0	$0                    $0                   $0                    $0                     $0                     $0                     $0                   $465 Lake Maintenance                                                             $500                  $500                   $500               $500               $500                       $0                        $0                      $0                   $0                      $0                        $0                       $0                $2,500 Utilities                                                                                   $564                    $662                     $393                 $746                $530                         $0                           $0                    $0                      $0                      $0                        $0                       $0                $2,895 Wall Cleaning                                                                                     $0                        $0                       $0                     $0                      $0                         $0                           $0                      $0                      $0                      $0                        $0                       $0                      $0
Salvino Streetlightlng	$222	$222	$222	$224	$224	$0	$0	$0	$0	$0	$0	$0	$1,115 capn Streetlightlng	$316	$316	$316	$319	$319	$0	so	$0	so	so	$0	so $1,585 Miscellaneous common Area	$600		$0		$0		$0		$0	$0	$0                     so             $0                         $0                           $0                       $0                 $600
Tota/La Vina	$7,098               $6,918	$6,328	$6,828            $6,469	 $0	$0	$0	$0	$0	$0	$0 $33,641 I

NonaPresew
Field Management	$372	$372	$372	$372	$372	$0	$0	$0	$0	$0	$0	$0	$1,860
landscape Maintenance	$2,450	$2,450	$2,450	$2,450	$2,450	$0	$0	$0	$0	$0	$0	$0	$12,250 Irrigation Repairs			$55			$0			$0		$138		$671	$0	$0	$0	$0	$0	$0	so		$865 Lake Maintenace		$350		$350		$350		$350		$350	$0                          $0                     $0                   $0                       $0                         $0                        $0              $1,750
Miscellaneous common Area	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Nona Pre$el'tle	$3 7	$3,172               $3,172	$3,310	$3,843	$0	$0	$0	$0	$0	$0                   $0	$16,724 1
Total Expendltun,s	 	$43,797	$20,366	$15,922           $19,361           $17,273	$0	$0	$0	$0	$0	$0                   $0          $U 6,719 I

Transfer Out	$0	$0	$0	$0	($23,785)	$0	$0	so	$0	$0	$0	$0	($23,785)	
Excess Revenues (Expenditures)	j$43,757j	[$16,5811	$215,103	!$10,653!	j$33,Z35!	$0	$0	$0	$0	$0	$0	$0	$110,877 )	

mbl:c EIDilmilDI :imlDiH 11.!Htll

Narcoossee
Commun ity De velopment District

SERIES 2013A-1, SPECIAL ASSESSMENT REFUNDING BONDS

LONG TERM  DEBT REPORT

MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	5/1/2033
50% OF MAXIMUM ANNUAL DEBT SERVICE
$104,615	
RESERVE FUND BALANCE	$104,615	

BONDS OUTSTANDING-9/30/13	
$2,885,000	
LESS: PRINCIPAL PAYMENT 5/1/14	($110,000)	
LESS: PRINOPALPAYMENT5/1/15	($110,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($110,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($115,000)	
LESS: PRINOPAL PAYMENT 5/1/18	($115,000)	
CURREN T BONDS OUTSTANDING	$2,325,000	

SERIES 2013A-2, SPECIAL ASSESSMENT REFUNDING BONDS	
MATURITY DATE:	5/1/2033	
RESERVE FUND DEFINITION	50%OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$51,394	
RESERVE FUND BALANCE	$51,394	
BONDS OUTSTANDING - 9/30/13	$1,295,000	
LESS: PRINOPALPAYMENT 11/1/13	($70,000)	
LESS: PRINCIPAL PAYMENT 5/1/14	($35,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($35,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($10,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($40,000)	
LESS: PRINOPALPAYMENT5/1/17	($40,000)	
LESS: PRINOPAL PAYMENT 5/1/ 18	($45,000)	
CURRENT BONDS OUTSTANDING	$1,020,000	

NARCOOSSEE
COMMUNITY DEVELOPMENT DISTRICT SPEOAL ASSESSMENT RECEIPTS - FY2019 TAX COI.LEOOR
Gross Assessments $	653,584   $	316,211   $	337,373
Net Assessments $	614,369   $	297,238   $	317,131
				2013		
Date		Gross Assessments	Discounts/	Commissions	Interest	Net Amount	General Fund	Debt Svc Fund	Total	
Received	Dist.#	Received	Penalties	Paid	Income	Received	48.38116	SL62%	100%	

11/13/18	
1	
$	1,933 .08    $	90.43	
$	$	$	1,842.65	$	891 .49   $	951.16	
$	1,842.65	
11/19/18	2	$	6,131.87    $	245.26	$	$	$	5,886.61	$	2,848.00   $	3,038.61	$	5,886.61	
12/3/18
12/10/18	3
4	$	27,034.72   $   1,081.34
$	92,104.90    $   3,684.00	$	$	$     25,953.38
$	$	$    88,420.90	$	12,556.51   $    13,396.87
$	42,778.93   $    45,641.97	$	25,953.38
$     88,420.90	
12/17/18	5	$	149,810.28 $ 5,992.22	$	$	185.00 $ 144,003.06	$	69,670.15 $ 74,332.91	$ 144,003.06	
12/24/18	6	$	228,166.91 $ 9,126.23	$	$	$ 219,040.68	$	105,974.11 $ 113,066.57	$ 219,040.68	
1/14/19	7	$	18,631.37   $	733.38	$	$	$ 17,897.99	$	8,659.23   $	9,238.76	$	17,897.99	
2/19/19	8	$	17,340.30   $	679.63	$	597.06    $	$ 16,063.61	$	7,771.74   $	8,291.87	$	16,063.61	
3/14/19	9	$	25,650.66   $	687.79
$	$	$	$	1,121.66 $ 26,084.53
$	$	$	$	12,619.96 $ 13,464.57
$	$	$	26,084.53
$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$
$	$	$	$	$
$	$	$	$	$
$	$	$
$	
		$	$	$	$	$	$	$	$	
Totals		$	566,804.09 $ 22,320.28	$	597.06   $	1,306.66 $ 545,193.41	$	263,770.12 $ 281423.29	$ 545,193.41