Narcoossee Community Development District

Agenda

May 19, 2020

AGENDA

Narcoossee
Community Development District

219 East Livingston Street, Orlando, FL 32801 Phone: 407-841-5524 – Fax: 407-839-1526
May 15, 2020

Board of Supervisors
Narcoossee Community Development District

Dear Board Members:

The Board of Supervisors of the Narcoossee Community Development District will meet Tuesday, M ay 19, 2020 at 6:00 p.m. via Zoom; by following this link https://zoom.us/j/96749464669 or by calling in via (646) 876-9923 and entering the M eeting ID: 967 4946 4669. Follow ing is the advance agenda for the meeting:

Board of Supervisors M eeting
Roll Call
Public Comment Period
Approval of Minutes from the January 28, 2020 Meeting
Consideration of Resolution 2020-03 Setting a Public Hearing
Consideration of Proposals with Down to Earth for Entrance Landscaping (2)
Discussion of Proposal with John Madison Landscape Inc. for Ziani Entrance Landscaping
Consideration of Resolution 2020-04 Approving the Proposed Fiscal Year 2021 Budget and Setting a Public H earing
Ratification of Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser
Review and Acceptance of Fiscal Year 2019 Audit Report
Staff Reports
Attorney
Engineer
Update on Fence Project
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters – 1,868
Discussion of Qualifying Period and Procedure
Other Business
Supervisors Requests
Next Meeting Date – July 28, 2020
Adjournment
Audit Committee M eeting
Roll Call
Public Comment Period
Audit Services
Approval of Request for Proposals and Selection Criteria
Approval of Notice of Request for Proposals for Audit Services
Public Announcement of Opportunity to Provide Audit Services
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 the approval of the minutes from the January 28, 2020 Board of Supervisors meeting. The minutes are enclosed for your review.

The fourth order of business is consideration of Resolution 2020-03 setting a public hearing. A copy of the resolution is enclosed for your review.

The fifth order of business is consideration of proposal with Down to Earth for entrance landscaping. A copy of the proposal is enclosed for your review.

The sixth order of business is discussion of proposal with John Madison Landscape Inc. for Ziani entrance landscaping. A copy of the proposal is enclosed for your review.

The seventh order of business is consideration of Resolution 2020-04 approving the proposed fiscal year 2021 budget and setting a public hearing. A copy of the resolution is enclosed for your review.

The eighth order of business is ratification of non-ad valorem assessment administration agreement with Orange County Property Appraiser. A copy of the agreement is enclosed for your review.

The ninth order of business is review and acceptance of Fiscal Year 2019 audit report. A copy of the report is enclosed for your review.

Section B of the tenth order of business is the Engineer’s Report. Section 1 is update on fence project. Section C is the District Manager’s Report. Section 1 includes the check register being submitted for approval and Section 2 is the balance sheet and income statement for review. Section 3 is presentation of number of registered voters within the boundaries of the District. Section 4 is the discussion of the qualifying period and procedure. The qualifying information is enclosed for your review.

Follow ing the adjournment of the Board of Supervisor’s meeting, there will be a meeting of the Audit Committee to approve the Request for Proposals and selection criteria and the notice of RFP for auditing services. Enclosed for your review are copies of the RFP, selection criteria, and RFP notice.

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

Sincerely, Jason Showe
District Manager

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

BOARD OF SUPERVISORS
MEETING

MINUTES

MINUTES OF MEETING
NARCOOSEE COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Narcoossee Community Development District was held Tuesday, January 28, 2020 at 3:00 p.m. at the Offices of GMS- CF, LLC, 9145 Narcoossee Road, Suite A206, Orlando, Florida.

Present and constituting a quorum were:

Jeffrey Smyk	Chairman
Steve Giercyk	Vice Chairman
James Gregoire	Assistant Secretary
Betsy Burgos	Assistant Secretary Also present were:
Jason Showe	District Manager
Roy Van Wyk	District Attorney by telephone
Rey Malave	District Engineer
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	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.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the August 27,
2019 Meeting

On MOTION by Ms. Burgos seconded by Mr. Gregoire with all in favor the minutes of the August 27, 2019 meeting were approved, as presented.

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2020-01 Setting
a Public Hearing for Rulemaking
Mr. Van Wyk stated this is a reflection of all the statutory changes from the last legislative session. We have gone through our current rules of procedure and in your agenda

package is a memorandum outlining those changes; we have brought them up to current standards. The main change is what we are going to charge and how we are going to calculate  the charges for public records. We are required now to appoint a financial disclosure coordinator and we are doing that through the rules to be our District Manager unless you decide otherwise. This rule helps us identify what agenda meeting materials are for the purpose of meeting the ADA requirement, so we don’t have to do every single item in the agenda package just the agenda itself and certain contracts and resolutions. We are allowing contracts to go for a period of five years instead of three years. Our previous rule required that we didn’t have contracts that went beyond that period of time. Some of our contracts are more apt to be over a longer period, for example our audit and things like that and this allows for flexibility to the Board to extend contracts out for a period of five years. We clarify what is allowed to be exempt from the public record to exclude from the public any items that deal with security or fire safety so that if we were going to have patrols or set hours for patrols we could do that outside of a public meeting. Next is internal controls to prevent fraud. You will probably be seeing in your next agenda package those internal controls to prevent fraud; we are required to adopt them. Our firm has been working with all the auditors and District Managers to come up with a set of uniform guidelines that we will present to the Board for that purpose. Competitive solicitation talks about when we are going to do RFPs for things like District Manager or whatever we are going to do. We don’t do that very often but it outlines those procedures. We clarified things with respect to the auditors and we talk about guidelines for suspension and revocation of qualifications of vendors and that is mostly for construction contracts where we have prequalified vendors. Lastly is protest bonds; if you were doing an RFP and require an opportunity to have a bid protest then they have to post a bond for that. Also on the memorandum are a whole lot of small, minor corrections, changes and cross references. The purpose of today’s resolution is for us to start the rulemaking procedure. We are required to do a 28 and 29 day notice for rulemaking and rule modification and we are asking you to start that process today.

On MOTION by Mr. Gregoire seconded by Mr. Smyk with all in favor Resolution 2020-01 Setting a Public Hearing for Rulemaking for March 24, 2020, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2020-02
Designating an Administrative Office
Mr. Showe stated we moved our main office in downtown to a different location and all this resolution does is recognize that change in address of the official records.

On MOTION by Mr. Giercyk seconded by Ms. Burgos with all in favor Resolution 2020-02 was approved.

SIXTH ORDER OF BUSINESS	Ratification	of	Agreement	with	Berger
Toombs Elam Gaines & Frank to Provide Auditing Services for Fiscal Year 2019
Mr. Showe stated next is ratification of the auditing agreement with Berger Toombs Elam Gaines & Frank for the Fiscal Year 2019 audit.

On MOTION by Mr. Gregoire seconded by Mr. Giercyk with all in favor the agreement with Berger Toombs to perform the Fiscal Year 2019 audit was ratified.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk stated the legislative session has started and you should be getting a capital report from us that gives you an idea of what is going on in the legislature.

Engineer
Update on Fence Project
Mr. Malave stated they finally issued the permits for the fence; they issued two permits, one for the concrete piece and one for the metal piece and because each one was at three different locations each one had three permits. We helped them as much as we could, they finally issued the permits. Our surveyor will be out there next week to locate them where they are supposed to go and the following week they will start. They need a brick approval color and texture. Who would like to do that?
Mr. Scheerer stated I believe it was Norwegian Brick that is hard to get so we will have to see what they have. I will put a sample in my truck and bring it out.
Ms. Burgos stated I will be available to look at it at any time.

Manager
Mr. Showe stated we started putting our agendas on iPads rather than printing these books, which will save the District a little bit of money. If you want to try those at the next meeting we can do that.
Mr. Giercyk asked do you have an iPad for each person?
Mr. Showe responded yes, we will bring an iPad for each person, they are preloaded with the agenda and we take them back at the end of the meeting.
The Board Members were in favor of using the iPads for the agenda packages.

Approval of Check Register

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

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

Field Manager
Mr. Scheerer gave an overview of the Field Manager’s report that included: a report on the knee wall in Nona Crest has been turned over to insurance, no police report was ever filed and our deductible is $2,500, the highest bid received was $13,000 and the lowest was a little under $6,000; we don’t believe there is long term damage to the landscaping there. A homeowner in Nona Preserve has trimmed into the upland buffer area, two wax myrtles are scheduled to be installed in the area of the cul-de-sac. GMS has sent letters to all the owners that line the conservation area and the HOA and put them on notice. I reached out to Royal Landscaping and they said it is not their guys. We are working on a damaged conduit problem for Ziani and will hopefully get that resolved tomorrow.
Ms. Burgos stated as you are going out of the development the brick wall needs attention. Mr. Scheerer stated when the irrigation hits the brick wall throughout all of Narcoossee
CDD the water gets between the brick and mortar and this white stuff comes out and there is no way to get rid of it.

Ms. Burgos asked can we put some shrubbery in front of it? We put some trees on the side on our part and at least it covers that. Can we do something similar?
Mr. Scheerer stated what we did in Mirabella and Capri is the Board instructed us to allow the vegetation to grow up to the top of the wall, so we did that. At the entrance to Mirabella we added a podocarpus hedge and that is maturing and looking really nice. As far as you, you have never approached us to try to install different landscaping. Are you talking about either side of the Mirabella name and Ziani name?
Ms. Burgos responded yes, because we don’t have any representation here from Mirabella, but I see Mirabella every time I drive in or out.
Mr. Scheerer stated Mirabella is happy with what they have. We do communicate with the HOA manager over there and she has had several reasonable requests and they don’t have any concerns but that doesn’t mean I can’t reach out to her.
Mr. Gregoire stated I’m surprised, I drove down 417 to Dowden and when I came past Mirabella I saw the same thing you are talking about the wall.
Mr. Scheerer stated we try to get representation from the HOA for the people that live
there.
Mr. Giercyk stated we have asked Down to Earth to put together a landscape plan. I got
one picture from them and was told they don’t have a way to put together a landscape plan, all they could do was send me a picture of what they think they can put in.
Mr. Scheerer asked are you looking for a landscape architect plan that lays everything out. That is probably a third party they have to hire in order to do that. I have someone who can do it.
Mr. Gregoire asked can’t you acid wash the brick? Mr. Scheerer stated we have done that.
Mr. Smyk stated I remember years past we had it sand blasted.
Mr. Scheerer stated everybody swears they can get rid of that efflorescence, they wet it and it appears to go away, they seal it and then the sealer fades, then it is all back.
Mr. Giercyk stated I’m in favor or removing all the Italian Cypress and redoing that whole section as you go into Ziani and if we have to do something else along the front wall, let’s do it.

Mr. Scheerer stated your walls are not bad, that long wall heading east is not that bad. The plant selection is not that good, but if you want to do something I don’t know that we need a landscape architect, we will just pull it all out and put in new stuff.
Ms. Burgos stated you said the plant selection is not good. Can we add something that is permanent?
Mr. Scheerer stated that is up to you. That is not up to me. We have annuals in every flowerbed throughout Narcoossee but you don’t need annuals, if you want a perennial you need to tell me what variety you want.
Mr. Giercyk stated we talked about putting perennials in there in the past and I think it is a great idea but give me a perennial that is going to have color throughout the year and there isn’t much.
Mr. Smyk stated they are too seasonal.
Mr. Scheerer stated that is everybody’s request. If you give me a perennial that flowers all year long that is going to last eight months, it just isn’t there.
Ms. Burgos stated we are filling in all those plants, but Mirabella looks so empty.
Mr. Scheerer stated Mirabella has the hardest area to maintain because they have an oak tree canopy. If you look down either east or west on their wall the oak tree canopy shades out anything and everything that is in there. I will contact Lisa at Mirabella.
Mr. Giercyk stated the Italian Cypress need to be trimmed a little.
Mr. Gregoire stated the construction in Nona Crest should be complete today; all new roads, new speed tables, all new marking.

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

NINTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Next Meeting Date – March 24, 2020
Mr. Showe stated the next meeting date is March 24, 2020.

On MOTION by Mr. Gregoire seconded by Mr. Giercyk with all in favor the meeting adjourned at 3:29 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

SECTION IV

RESOLUTION 2020-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT TO DESIGNATE DATE, TIME AND PLACE OF PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING AMENDED AND RESTATED RULES OF PROCEDURE; AND PROVIDING AN EFFECTIVE DATE

WHEREAS, Narcoossee Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Orlando, Florida; and

WHEREAS, the Board of Supervisors of the District (the “Board”) is authorized by Section 190.011(5), Florida Statutes, to adopt rules and orders pursuant to Chapter 120, Florida Statutes.

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

SECTION 1. A Public Hearing will be held to adopt the District’s Amended and Restated Rules of Procedure on July 28, 2020, at 3:00 p.m., at the Offices of GMS-CF, LLC, 9145 Narcoossee Road, Suite A206, Orlando, Florida 32827. Due to the current COVID-19 public health emergency, the public hearing may be conducted remotely utilizing communications media technology and/or by telephone pursuant to Executive Orders 20-52, 20-69 and 20-91 (as extended by Executive Order 20-112) issued by Governor DeSantis on March 9, 2020, March 20, 2020, April 1, 2020 and April 29, 2020, respectively, and pursuant to Section 120.54(5)(b)2., Florida Statutes. Anyone wishing to listen to or participate in the Board meeting and/or public hearings can do so by using the communications media technology access information provided by the District. The public may access the hearing via 		or dial in telephonically at (646) 876-9923 and by entering the meeting ID of 	.

SECTION 2.	The District Secretary is directed to publish notice of the hearing in accordance with Section 120.54, Florida Statutes.

SECTION 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 19th day of May, 2020.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

SECTION V

	JOB NAME	
	Mirabella Entrance Planters Proposal	
Description of Work to be Completed	
Remove existing annual flowers. Bring in 5 yards top soil to bring dirt up to the bottom of the bricks. Trinnets,in the planter boxes at the entrance and exit.	
UOM	Description	QTY	Rate	Total	
	Entrance and Exit				
15g	European Fan Palm Single trunk 5'OA	4	$	350.00	$	1,400.00	
3g	Arboracola Trinnetts	28	$16.00	$	448.00	
1g	Blue Daze	20	$	6.50	$	130.00	
				$	-	
Yds	Top Soil	5	$45.00	$	225.00	
Yds	Coco Mulch	5	$	45.00	$	225.00	
				$	-	
Mhrs	Irrigation adjustments and upgrades	8.5	$	35.00	$	297.50	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
	Total	$	2,725.50	

	JOB NAME	
	Ziani Entrance Planters Proposal	
Description of Work to be Completed	
Remove existing annual flowers. Bring in 7 yards top soil to bring dirt up to the bottom of the bricks. Install 150 dwarf ixora in the planter boxes at the entrance and exit.	
UOM	Description	QTY	Rate	Total	
	Entrance and Exit				
3g	Dwarf Ixora red	150	$	18.00	$	2,700.00	
Yards	Top soil	7	$45.00	$	315.00	
Yds	Coco Mulch	5	$	45.00	$	225.00	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
	Total	$	3,240.00	

SECTION VI

ZIANI COMMUNITY HOA WALNUT CREST DR ORLANDO, FLORIDA 32832

Sales: John Madison
900-Ziani Community HOA
Walnut Cre st Dr Orlando, Florida 32832

Proposal

Est ID:	EST1691719
Date:

Pr ice does h ot include irrigation modifications or repairs. This will be billed at a labor rate of $85 per hour plus materials.
Price does ot include Sod Repairs unless stated below.
Price does not include Permit or Contractor fees unless stated below.
Price does   ot  include Architecture  Plans andl  fee    s unless stated below.

Entrance Signs
Remove  e   isting plant material	[
Cut down xcess soil between sidewalks and walls
Remove 6" of soil from raised planters

$66,022.52

4 Each	Crape Myrtle Sta ndard - 12' 0A	Crape Myrtle Standard	
2 Each	Italian Cypress Tree - 45 gal	Ita lian Cypress Tree	
4 Each	Eleocarpus Standard - 14' w/5' CT	Eleocarpus Standard	
4 Each	Roebelenii Palm - 6'	Roebelenii Palm	
120 Each	Arboricola-Trinette - 3 gal	Arboricola-Trinette	
60 Each	Loropetalum Plum - 3 gal	Loropetalum Plum	
300 Each	Boxwood - 3 gal	Boxwood	
32 Each	Agapanthus - 3 gal	Agapanthus	
80 Each	Podocarpus - 7 gal	Podocarpus	
			
90 Each	Ixora Dwarf - 3 gal	Ixora Dwarf	
150 Each	Annual - 4"	Annual	
10 Bag	Potting Soil	Potting Soil	

2 Each

Tennessee Boulder (Autumn Haze) - 1500Tennessee Boulder (Autumn Haze) Lb

250 Each

Pine Bark Mulch Bags - 9 sq ft

Pine Bark Mulch Bags

John Madison Landscape, Inc.
3333 McCoy Rd
Orlando

P.407-935-9151
F.407-935-1295

www.JohnMadisonLandscape.com

page 1 of 3

7 Each	Concrete Bowls Sealed - 39''x14"	Concrete Bowls Sealed
East Wall	I
Rem ove existing bushes

$11,127.23

200 Each

150 Each

Arbo ricola-Trinette - 3 gal Pine Bark Mulch Bags - 9 sq ft

Arboricola-Trinette

Pine Bark Mulch Bags

Entrance Sign Ty   rf	l
Cut down soil between sidewalk and wall elevation

$2,830.25

1.5 Yd

300 Sq Ft	Concrete Fines

Artifi cial Turf -	- Concrete Fines

Mid Grade Turf		
I		Subtotal
Taxes	$79,980.00
$0.00	
	I	Estimate Total	$79,980.00	

Payment Schedule: 50% up front before work can begin and the remaining balance will be due upon job completion. Cancellation of signed estimates will result in a minimum fee of $125.00 or %5 of total estimate price, which ever is greater, unless a design with 3D Images an d/or Construction Documents where provided. if this is the case then a minimum fee of
$2,000 will be applied to the deposit total and the difference between deposit  and cancella tion  fee will be  reimbursed  to the  client. Payment due upon	c ancellation.

1
Attorneys' Fees and Costs: In the event that any suit or action is instituted under this Agreement for the purpose of the
collection of any past due invoices, John Madison Landscape , Inc. shall be entitled to  recover from the property owner, all fees, costs and expenses of the collection or recovery of the balance owed, including without limitation, to such reasonable attorney's fees and costs, expert or consulting fees and expenses of any mediator, arbitrator and all costs of litigation, which shall include, without limitation, all fees, costs and expenses of appeals.

Damage Release: I, the under signed, in consideration of John Madison Landscape providing the services requested, hereby release indemni fy, and hold harmless John Madison Landscape and its employees, from all claims, demands, actions, and causes of actio n of every nature, including those relating to negligent acts, and including, but not limited to, all losses or expenses that may arise and related  in any way to the  actions  of  John Madison  Landscape, its employees, or agents pursuant to the com anies provision of such services. I understand such service involves the risk of damage to my property
and expressly accept the risk of any and all such dam9ges including but not limited to septic tanks, drain fields, concrete, asphalt, water lines, sprinkler systems. All Sales are Final. No Refun ds.

Your signature below indicates that the John Madison Landscape and its employees are released from any liability resulting from our attemp t to deliver material or pick up material from your property. Your signature affixed to this document is  testimony that you have read and understand this statement and have no questions.

Hardscape Warranty: J ohn Madison Landscape proudly stands behind all of our products and installations. All Hardscape material and labor is warrantied for 1 year after installation from manufacturer and installation defects. Damages caused by others or mother nature are not warrantied.

Plant Material Warranty: John Madison Landscape proudly stands behind all of our products and installa tions. All plant material and installations are warrantied for 30 days afte r insta llation. Damages caused by others or mother nature are not warrantied.

John Madison Landscape, I nc. 3333 McCoy Rd
Orlando

P.407-935-9151 F.407-935-1295

www  .JohnMadisonLandscape.com

page 2 of 3

Contractor:	Client:
John Madison

Signature Date:	05/13/2020	Signature Date:

John Madison Landscape, Inc. 3333 McCoy Rd
Orlando

P.407-935-9151 F.407-935-1295

www.JohnMadisonLandscape.com

page 3 of 3

23

SECTION VII

RESOLUTION 2020-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2020/2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Narcoossee Community Development District (“District”) prior to June 15, 2020, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”); and

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

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2020/2021 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

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

DATE:	July 28, 2020

HOUR:	3:00 PM

LOCATION:	Offices of GMS-CF, LLC
9145 Narcoossee Road, Suite A206 Orlando, FL 32827

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

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016,
Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget

on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

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

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

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

PASSED AND ADOPTED THIS 19th DAY OF MAY, 2020.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary/Assistant Secretary	Its: 	

Narcoossee
Community Development District
Adopted Budget FY 2021

Table of Contents

1-2

3-9

10

11

12

13

14

15

16

17

18

 	General Fund

 	General Fund Narrative

 	O&M Assessment Allocation Chart

 	Capital Reserve Fund - Nona Crest

 	Capital Reserve Fund - La Vina

 	Capital Reserve Fund - Nona Preserve

 	Capital Reserve Fund - Parcels G&H

 	Debt Service Fund

 	Debt Service Assessment Allocation Chart

 	Amortization Schedule - Series 2013 A-1

 	Amortization Schedule - Series 2013 A-2

Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues		
Maintenance Assessments	$315,352	$277,830	$37,522	$315,352	$315,353	
Interest	$0	$218	$145	$363	$0	
Beginning Fund Balance*	$35,666	$43,812	$0	$43,812	$70,060	
Total Revenues	$351,019	$321,860	$37,667	$359,527	$385,412	

Expenditures						
Administrative
Supervisor Fees	
$6,000	
$800	
$2,800	
$3,600	
$6,000	
FICA Expense	$459	$61	$230	$291	$459	
Engineering Fees	$10,000	$3,065	$3,223	$6,288	$10,000	
Assessment Roll	$5,000	$5,000	$0	$5,000	$5,000	
Attorney	$17,000	$2,944	$3,605	$6,549	$12,000	
Annual Audit	$3,000	$0	$3,000	$3,000	$5,000	
Dissemination Agent	$1,250	$625	$625	$1,250	$1,250	
Arbitrage	$600	$0	$600	$600	$600	
Trustee Fees	$3,000	$0	$2,750	$2,750	$3,000	
Management Fees	$44,275	$22,137	$22,138	$44,275	$45,603	
Information Technology	$2,900	$850	$1,150	$2,000	$2,000	
Telephone	$100	$7	$14	$21	$50	
Postage	$450	$164	$77	$240	$450	
Insurance	$20,750	$20,240	$0	$20,240	$22,264	
Printing & Binding	$1,200	$29	$6	$35	$1,000	
Legal Advertising	$1,200	$685	$685	$1,370	$1,650	
Other Current Charges	$500	$240	$48	$287	$500	
Property Appraiser	$780	$773	$0	$773	$780	
Office Supplies	$150	$20	$4	$24	$100	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Contingency	$280	$0	$0	$0	$1,188	
Administrative Expenses	$119,069	$57,815	$40,953	$98,768	$119,069	

Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	
Maintenance						
NonaCrest
Field Management	
$4,164	
$2,082	
$2,082	
$4,164	
$4,289	
Landscape Maintenance	$26,053	$10,220	$10,220	$20,440	$26,053	
Irrigation Repairs	$3,500	$962	$1,902	$2,864	$3,500	
Lake Maintenance	$4,350	$2,088	$2,088	$4,176	$4,350	
Wall Repairs/Cleaning	$2,500	$0	$1,250	$1,250	$2,500	
Feature Lighting	$1,000	$749	$0	$749	$1,000	
Miscellaneous Common Area	$1,349	$495	$225	$720	$1,224	
Total NonaCrest	$42,916	$16,596	$17,767	$34,363	$42,916	

La Vina
Field Management	

$10,350	

$5,175	

$5,175	

$10,350	

$10,661	
Landscape Maintenance	$38,762	$17,922	$17,922	$35,844	$38,762	
Irrigation Repairs	$4,000	$2,639	$549	$3,188	$4,000	
Lake Maintenance	$4,573	$2,213	$2,213	$4,425	$4,573	
Utilities	$8,340	$2,889	$2,854	$5,743	$8,340	
Wall Repairs/Cleaning	$5,500	$0	$2,525	$2,525	$5,500	
Solvino Streetlighting	$2,710	$1,350	$1,356	$2,706	$2,710	
Capri Streetlighting	$3,850	$1,920	$1,928	$3,848	$3,850	
Miscellaneous Common Area	$15,321	$130	$1,875	$2,005	$15,011	
Total La Vina	$93,406	$34,237	$36,396	$70,634	$93,406	

Nona Preserve Field Management	

$4,463	

$2,232	

$2,232	

$4,463	

$4,597	
Landscape Maintenance	$30,282	$14,700	$14,700	$29,400	$30,282	
Irrigation Repairs	$2,900	$1,391	$1,391	$2,782	$2,780	
Lake Maintenance	$4,200	$2,100	$2,100	$4,200	$4,200	
Miscellaneous Common Area	$28	$0	$600	$600	$14	
Total Nona Preserve	$41,873	$20,422	$21,022	$41,445	$41,873	

Parcels G & H Field Management	

$2,666	

$1,333	

$1,333	

$2,666	

$2,746	
Landscape Maintenance	$13,796	$6,378	$6,378	$12,756	$13,716	
Lake Maintenance	$1,628	$788	$788	$1,575	$1,628	
Total Parcels G & H	$18,090	$8,498	$8,498	$16,997	$18,090	
						
Maintenance Expenses	$196,284	$79,755	$83,684	$163,438	$196,283	

Transfer Out to Capital Reserves	
$35,666	
$0	
$27,261	
$27,261	
$70,060	
Total Expenses	$351,019	$137,570	$151,898	$289,467	$385,412	

Excess Revenues *	
$0	
$184,290	
($114,231)	
$70,060	
($0)	

Net Assessments	$315,353	
Add: Discounts & Collections	$20,129	
Gross Assessments	$335,481	

* - Reduced for First Quarter Operating

REVENUES:
Maintenance Assessments
The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the fiscal year.

Beginning Fund Balance
Represents the total funds estimated to be available at the beginning of the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount is based upon 5 Supervisors attending 6 Board Meetings during the fiscal year.

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

Engineering Fees
The District’s engineer, Dewberry, will be providing general engineering services to the District, i.e., attendance and preparation for monthly Board meetings, review invoices, etc.

Assessment Roll
Expenses related to administering the annual assessments on the tax roll with the Orange County Tax Collector.

Attorney
The District’s legal counsel, Hopping, Green & Sams, will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, agreements, resolutions, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services – Central Florida LLC, the District’s bond underwriter, to provide this service.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2013A-1 & 2013 A-2 Special Assessment Revenue Bonds. The District hired Grau & Associates to calculate the rebate liability and submit a report to the District.

Trustee Fees
The District issued Series 2013A-1 & 2013A-2 Special Assessment Refunding Bonds, which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. These services include, but are not limited to, advertising, recording and transcribing of Board Meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.

Information Technology
The District incurs costs related to accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence, etc.

Insurance
The District’s general liability, public officials liability and property insurance coverages is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges
Includes bank charges and any other miscellaneous expenses that are incurred during the year.

Property Appraiser
Represent the Fiscal Year 18 fees to be paid to the Orange County Property Appraiser for annual assessment roll administration.

Office Supplies
The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Contingency
Represents any other miscellaneous charges that the District may incur.

Maintenance:

NonaCrest

Field Management
The District currently has a contract with Governmental Management Services
– Central Florida, LLC. to provide field management services.

Landscape Maintenance
The District currently has a contract with Down to Earth, Inc. to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Down To Earth, Inc.	Annual Costs
Landscape Maintenance: Contract Cost of $1,754 monthly	$21,053
Replacement Plants	$5,000
Total Costs	$26,053

Irrigation Repairs
Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance
The District currently has a contract with Applied Aquatic Management, Inc., which provide Lake Maintenance to all the lakes inside Narcoossee CDD. These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
Landscape Maintenance: Contract Cost of $358 monthly	$4,301
Contingency	$49
Total Costs	$4,350

Feature Lighting
Replacement and repair of up light fixtures.

Miscellaneous Common Area
Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

LaVina

Field Management
The District currently has a contract with Governmental Management Services
– Central Florida, LLC. to provide field management services.

Landscape Maintenance
The District currently has a contract with Down to Earth, Inc. to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.
Vendor: Down To Earth, Inc.	Annual Costs
Landscape Maintenance: Contract Cost of $3,076 monthly	$36,918
Replacement Plants	$1,844
Total Costs	$38,762

Irrigation Repairs
Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance
The District currently has a contract with Applied Aquatic Management, Inc., which provide Lake Maintenance to all the lakes inside Narcoossee CDD. These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal. The amount also includes unscheduled maintenance.
Vendor: Applied Aquatic Management, Inc.	Annual Costs
Lake Maintenance: Contract Cost of $380 month	$4,553
Contingency	$20
Total Costs	$4,573

Utilities
The	District	has	electrical	and	water	accounts	with	Orlando	Utilities Commission for the areas maintained by the District.

Vendor: Orlando Utilities Commission	Annual Costs
Reclaimed Water - $680/month	$8,160
Electric - $15/month	$180
Total Costs	$8,340

Wall Repairs/Cleaning
Funding for cleaning or needed repairs of La Vina District wall.

Solvino Streetlighting
The District funds the streetlights within the Solvino community.

Vendor: Orlando Utilities Commission	Annual Costs
Electric - $225/month	$2,710

Capri Streetlighting
The District funds the streetlights within the Capri community.

Vendor: Orlando Utilities Commission	Annual Costs
Electric - $320/month	$3,850

Miscellaneous Common Area Maintenance
Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Nona Preserve

Field Management
The District currently has a contract with Governmental Management Services
– Central Florida, LLC. to provide field management services.

Landscape Maintenance
The District currently has a contract with Down to Earth, Inc. to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Down To Earth, Inc.	Annual Costs
o Landscape Maintenance: Contract Cost of $2,450 monthly $30,282

Irrigation Repairs
Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance
These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
o	Lake Maintenance: Contract Cost of $350 monthly	$4,200

Miscellaneous Common Area Maintenance
Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Parcel G & H

Field Management
The District currently has a contract with Governmental Management Services
– Central Florida, LLC. to provide field management services.

Landscape Maintenance
These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.)

Vendor: Down To Earth, Inc.	Annual Costs
o	Landscape Maintenance: Contract Cost of $1,143 monthly	$13,716

Lake Maintenance
These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
o	Landscape Maintenance: Contract Cost of $136 monthly	$1,628

Transfer Out – Capital Reserve Fund
Represents projected excess funds above operating capital requirements in the General Fund.

38

Narcoossee
Community Development District Maintenance Assessment Calculation Fiscal Year 2021

Subdivision	

Track		

Units	
Annual Gross Maintenance Per Unit FY20	
Proposed Gross Maintenance Per Unit FY21	
Street Lighting Supplement Assessment	Total Proposed Gross Maintenance Per Unit FY21	

Increase (Decrease)	

O&M	

NonaCrest	

C	

SF50	

159	

$276.94	

$276.94	

N/A	

$276.94	

$0.00	

$44,034	
	D	SF70	 	110		$276.94	$276.94	N/A	$276.94	$0.00	$30,464	

LaVina
Mirabella	

A	

SF50	269

107	

$473.15	

$473.15	

N/A	

$473.15	

$0.00	

$50,627	
Ziani	B	SF75	66	$473.15	$473.15	N/A	$473.15	$0.00	$31,228	
Capri	E	SF50	48	$558.17	$473.15	$85.02	$558.17	$0.00	$26,805	
Solvino	F	SF50	 	50		$530.60	$473.15	$57.45	$530.60	$0.00	$26,543	
			271							
Lake Nona Preserve	K	Multi	228	$254.88	$254.88	N/A	$254.88	($0.00)	$58,112	
	G	Comm/Office	130704	$0.16	$0.16	N/A	$0.16	$0.00	$20,977	
	G	Multi Family	370	$95.10	$95.10	N/A	$95.10	$0.00	$35,188	
	H	Comm/Office	69000	$0.17	$0.17	N/A	$0.17	($0.00)	$11,504	
Total Gross Assessments									$335,481	

10

Capital Reserve Fund - Nona Crest Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues						
Transfer In	$7,518	$0	$7,518	$7,518	$15,675	
Interest	$0	$5	$5	$10	$0	
Carry Forward Surplus	$96,428	$96,429	$0	$96,429	$98,092	
Total Revenues	$103,946	$96,433	$7,523	$103,956	$113,768	

Expenditures						
Capital Projects	$0	$5,864	$0	$5,864	$0	
Total Expenditures	$0	$5,864	$0	$5,864	$0	

Excess Revenues	
$103,946	
$90,569	
$7,523	
$98,092	
$113,768	

Capital Reserve Fund - La Vina Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues						
Transfer In	$13,973	$0	$13,973	$13,973	$31,784	
Interest	$0	$5	$5	$10	$0	
Transfer from G/H Capital	$0	$0	$0	$0	$0	
Carry Forward Surplus	$109,946	$92,947	$0	$92,947	$35,650	
Total Revenues	$123,919	$92,952	$13,978	$106,930	$67,434	

Expenditures						
Dowden Median Improvements	$50,000	$5,080	$60,200	$65,280	$0	
Landscaping Projects	$0	$0	$6,000	$6,000	$0	
Total Expenditures	$50,000	$5,080	$66,200	$71,280	$0	

Excess Revenues	
$73,919	
$87,872	
($52,222)	
$35,650	
$67,434	

Capital Reserve Fund - Nona Preserve Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues						
Transfer In	$323	$0	$323	$323	$10,095	
Interest	$0	$2	$2	$4	$0	
Carry Forward Surplus	$38,267	$38,268	$0	$38,268	$38,594	
Total Revenues	$38,590	$38,269	$325	$38,594	$48,689	

Expenditures						
Capital Projects	$2,500	$0	$0	$0	$2,500	
Total Expenditures	$2,500	$0	$0	$0	$2,500	

Excess Revenues	
$36,090	
$38,269	
$325	
$38,594	
$46,189	

Capital Reserve Fund - Parcels G&H Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues						
Transfer In	$5,447	$0	$5,447	$5,447	$12,505	
Interest	$0	$4	$4	$8	$0	
Carry Forward Balance	$60,761	$80,206	$0	$80,206	$62,360	
Total Revenues	$66,209	$80,209	$5,451	$85,660	$74,866	

Expenditures						
Transfer to LaVina Capital	$0	$0	$23,300	$23,300	$0	
Total Expenditures	$0	$0	$23,300	$23,300	$0	

Excess Revenues	
$66,209	
$80,209	
($17,849)	
$62,360	
$74,866	

Debt Service Fund Fiscal Year 2021

	Adopted Budget	Actual thru	Projected Next	Total Projected	Proposed Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues						
Assessments - Tax Roll	$317,131	$279,818	$37,313	$317,131	$317,131	
Interest Income	$1,000	$2,318	$1,545	$3,863	$1,000	
Carry Forward Surplus	$184,168	$188,511	$0	$188,511	$194,330	
Total Revenues	$502,299	$470,646	$38,858	$509,504	$512,461	
Expenditures						
Series 2013A-1						
Interest - 11/1	$43,053	$43,053	$0	$43,053	$41,178	
Principal - 5/1	$125,000	$0	$125,000	$125,000	$125,000	
Interest - 5/1	$43,053	$0	$43,053	$43,053	$41,178	
Series 2013A-2						
Interest - 11/1	$27,034	$27,034	$0	$27,034	$25,753	
Principal - 5/1	$50,000	$0	$50,000	$50,000	$50,000	
Interest - 5/1	$27,034	$0	$27,034	$27,034	$25,753	
Total Expenditures	$315,174	$70,087	$245,087	$315,174	$308,861	
						
Excess Revenues	$187,125	$400,559	($206,229)	$194,330	$203,600	
			
Series 2013A-1	
Nov 1, 2021	
$39,146	
			Series 2013A-2	Nov 1, 2021	$24,472	
Net Assessments	$317,131	
Add: Discounts & Collections	$20,242	
Gross Assessments	$337,373	

(1)

Excess Revenues will be utilized to pay November 1 semi-annual interest payment.

Narcoossee
	Community Development District
Debt Assessment Calculation		
	Fiscal Year 2021		
		Proposed		
		FY2021
Annual Gross		
Subdivision	Track	Units	Debt Per Unit	Total Debt	
NonaCrest	C	SF50	158	$301.13	$47,579	
	D	SF70	110	$481.81	$52,999	
LaVina				
	A	SF50	107	$301.13	$32,221	
	B	SF75	65	$566.13	$36,798	
	E	SF50	48	$301.13	$14,454	
	F	SF50	50	$301.13	$15,057	
Lake Nona Preserve	K	Multi	228	$240.91	$54,927	
	G	Comm/Office	130704	$0.20	$26,141	
	G	Multi Family	370	$117.29	$43,397	
	H	Comm/Office	69000	$0.20	$13,800	
Total Gross Assessment	$337,373

44

Date	Series 2013A-1	Fiscal
Total	
	Principal	Interest		
11/1/20		$41,177.50	$209,230.00	
5/1/21	$125,000.00	$41,177.50		
11/1/21		$39,146.25	$205,323.75	
5/1/22	$130,000.00	$39,146.25		
11/1/22		$36,871.25	$206,017.50	
5/1/23	$135,000.00	$36,871.25		
11/1/23		$34,373.75	$206,245.00	
5/1/24	$140,000.00	$34,373.75		
11/1/24		$31,748.75	$206,122.50	
5/1/25	$145,000.00	$31,748.75		
11/1/25		$28,921.25	$205,670.00	
5/1/26	$150,000.00	$28,921.25		
11/1/26		$25,921.25	$204,842.50	
5/1/27	$160,000.00	$25,921.25		
11/1/27		$22,721.25	$208,642.50	
5/1/28	$165,000.00	$22,721.25		
11/1/28		$19,297.50	$207,018.75	
5/1/29	$170,000.00	$19,297.50		
11/1/29		$15,770.00	$205,067.50	
5/1/30	$180,000.00	$15,770.00		
11/1/30		$12,035.00	$207,805.00	
5/1/31	$185,000.00	$12,035.00		
11/1/31		$8,196.25	$205,231.25	
5/1/32	$195,000.00	$8,196.25		
11/1/32		$4,150.00	$207,346.25	
5/1/33	$200,000.00	$4,150.00	$204,150.00	
				
	$2,205,000.00	$640,660.00	$2,845,660.00	

Date	Series 2013A-2	Fiscal
Total	
	Principal	Interest		
11/1/20		$25,753.13	$102,787.51	
5/1/21	$50,000.00	$25,753.13		
11/1/21		$24,471.88	$100,225.01	
5/1/22	$55,000.00	$24,471.88		
11/1/22		$23,062.50	$102,534.38	
5/1/23	$55,000.00	$23,062.50		
11/1/23		$21,515.63	$99,578.13	
5/1/24	$60,000.00	$21,515.63		
11/1/24		$19,828.13	$101,343.76	
5/1/25	$60,000.00	$19,828.13		
11/1/25		$18,140.63	$97,968.76	
5/1/26	$65,000.00	$18,140.63		
11/1/26		$16,312.50	$99,453.13	
5/1/27	$70,000.00	$16,312.50		
11/1/27		$14,343.75	$100,656.25	
5/1/28	$75,000.00	$14,343.75		
11/1/28		$12,234.38	$101,578.13	
5/1/29	$80,000.00	$12,234.38		
11/1/29		$9,984.38	$102,218.76	
5/1/30	$85,000.00	$9,984.38		
11/1/30		$7,593.75	$102,578.13	
5/1/31	$85,000.00	$7,593.75		
11/1/31		$5,203.13	$97,796.88	
5/1/32	$90,000.00	$5,203.13		
11/1/32		$2,671.88	$97,875.01	
5/1/33	$95,000.00	$2,671.88	$97,671.88	
				
	$925,000.00	$402,231.34	$1,327,231.34	

SECTION VIII

NON-AD VALOREM ASSESSMENT ADMINISTRATION AGREEMENT

An AGREEtvfENT made this 21" day of October, 2019 between RICK SINGH, CFA, as Orange County Property Appraiser (Property Appraiser) and Narcoossee CDD, (faxing Authority), and is effective upon acceptance by both parties and through September  30, 2020.

The Taxing Authority desires to use the services of  theProperty  Appraiser  co  maintain non-ad valorem assessments on the tax roll and the Property Appraiser is prepar..-:d to do so, on behalf of the Taxing Author ity. Each party represents that it has satisfied all conditions necessary to enter into this agreement.

The Property Appraiser agrees to perform the following service for the Taxing Authority:

Create a Non-Ad Valorem Assessment Roll for the Tax.ing Authority for the 2019 tax roll year  using data provided annually co the Property Appraiser's  Office by the Taxing Authority per attached Calendar For Irnplement.ation Of Non-Ad Valorem Assessment Roll.

Provide the Taxing Authority with a data file in a compatible format on or before April 1, containing all parcels within the boundaries of  the Taxing Authority to be used for the Taxing Authority's planning purposes in establishing its non-ad valorem assessments. Provide subsequent files or reports at request of the Taxing Authority.

Recc.ive from the Taxing Authority its proposed or adopted non-ad valorem assessment levy for each type of  property and  extend  that  amount against each  parcel of real property as stipulated by Taxing Autho rity.

Include rhe Taxing Authority's non-ad valorem assessments on the Notice Of Proposed Property Taxes And Proposed or Adopted Non-Ad Valorem Assessments mailed to all property owners in August of each year.

Receive from the Taxing Authority, corrections or changes  to  the  roll  and update the Non-Ad Valorem Assessment Roll for tax bills on or before September
15 of each year, the statuton, deadline for certification of non-ad valorem assessments.

Deliver the Tax.ing Authority's Non-Ad Valorem Assessment Roll to the Orange County Tax Collector's Office so that tax bills mailed on or about November 1 will include the Taxing Authority's non-ad valorem assessment levies.

Taxing Authority agrees to perform the following acts in connection with this agreement:

Advise the property owners within the Taxing Authority in an appropriate  and lawful manner of the Taxing Authority's intention to utilize the Uniform non-ad valorem assessment method described in Sections 197.3631 through 197.3635, Florida Statutes, and carry out its responsibilities under said sections.

Timely provide the Property Appraiser with information required to prepare the Uniform Non-Ad Valorem Assessment Roll per the Calendar  For  Implementation Of Non-Ad Valorem Assessment Roll.

Advise the property owners \.vithin the Taxing Authority as appropriate that the Property Appraiser's office is acting in a ministerial capacity for the Taxing Authority in connection with the non-ad valorem assessments.

Preparation and delivery of certificate of corrections directly to Tax Collector, with copy to Property Appraiser, for any corrections to a certified final tax roll.

The Taxing Authority shall use its best efforts in furnishing the Property Appraiser with up­ to-date data concerning its boundaries, proposed assessments  and  other  information  as requested from time to time by the Property Appraiser and necessary to facilitate his making the assessment in question. The Property Appraiser shall, using the information provided by the Taxing Authority, place the District's non-ad valorem assessments, as made from time  to time and certified to him, on properties within the district.

The Property Appraiser shall be compensated by the Taxing Authority for the administrative costs incurred in carrying out this Agreement. These costs include, but are not limited to labor, printing, forms, office supplies, computer equipment usage, postage, programming or any other associated costs.

On October 21, 2019, an administrative fee will be invoiced to the Taxing Authority  equivalent to $1 per parcel assessed with a non-ad valorem tax. Parcel counts supporting the invoiced fee will be determined based upon the most current certified non-ad valorem assessment roll. Any new assessments added to the tax roll that were not previously certified and invoiced an administrative fee, wi.li be separately invoiced on or around July 15 and prior to mailing of the Notice of Proposed Property Taxes in August.

The specific duties to be performed under this agreement and their respective timeframes are contained in the Calendar For Implementation Of Non-Ad Valorem Assessment Roll, which is incorporated herein by reference.

This agreement constitutes the entire agreement between the parties and  can  only  be modified in writing.
All parts of thiti Agreement not hdd unenforceable for any reason shall  be  given full force and effect.

All communications required by this agreement shall be in  writing and sent by  first class mail, email or facsimile to the other party.

Notices to the Taxing Authority shall be addressed to:
Narcoossee CDD c/ o Katie Costa
Governmental Management Services-CF, LLC 9145 Narcoossee Rd, Suite A206
O rlando , FL 32827 kcosta@gmscfl.com (407)841-5524

otices to the Property Appraiser shall be addressed to: Carmen Crespo, Manager Finance & Budget Orange County Property Appraiser
200 S. Orange Ave., Suite 1700
Orlando, FL 32801 ccres1,o,aioq ,afl.oro (407)836-5353

TERMINATION. This Agreement may be terminated by either party upon  written  notice. If terminated on or before April 1, a 100 % refund of fee will apply. If terminated between April 2 and July 15, a 50% refund of fee wiU apply. Property Appraiser will perform  no further work after the writt e n termination notice is received .

Date _

z_.t   /Z_._02-0-__  _

_  __	_	_

NARCOOSSEE CDD

Name X-"1 fv' Shc,v<-
Date di/ 4 / d.. 0 

CALENDAR FOR IMPLE MENT ATION OF
NON-AD VALOREM ASSESSMENTS

OnoraboutApril 1"-PropenyAppraiserto provide the TaxingAuthoritywith an cle tronic file that includes parcel ID and any other information applicable or requested. Taxing Authority may request this file at any time after January 1st, but must understand that many splits/ combos, annexations, etc., may not be reflected early in the tax year and subsequent files may be necessary. If any additional infonnation is required at any time by Taxing Authority, it should be requested of the Property Appraiser by Taxing Authority, allowing for a reasonable turnaround time. The file shall be in an ascii file, text or excel file, unless another format is requested and agreed upon between parties.

Junel
Property Appraiser distributes Best Estimate of Taxable Value to all Taxing Authorities.

Julyl
Property Appraiser certifies Preliminary tax roll to all taxing authorities.
Taxing Authority reviews all assessments and provides fin.al approval for Notice of Proposed Property Taxes (TRIM)

July 15
Property Appraiser to invoice  Administrative Fee  for new parcels, if any, assessed  and in excess of prior year certified non-ad valorem assessment roll parcel count.

August4
Taxing Authority adopts its proposed millage rate and submits to the Property Appraiser for TRIM.

August 24
Last day Property Appraiser can mail TRIM notices to all property owners on  the  tax roll.

September 3 - October 3
Taxing Authority holds initial and fin a1 public budget hearings.

September 15
Taxing Authority certifies final non-ad valorem assessment roll to Property Appraiser on or before September 1Swith any changes, additions or deletions to the non-ad valorem assessment roll since the TRIM notices.

October
Property Appraiser to mail Non -Ad Valorem Assessment Administration Agreement and invoice for non-ad valorem assessment processing for subsequent tax roll, based upon most recent certified non-ad valorem assessment roll parcel count.

Property Appraiser delivers the Taxing Authority non-ad valorem assessment roll to the Tax Collector for collection of taxes on November 1 tax bills.

SECTION IX

Narcoossee Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2019

Narcoossee Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2019

TABLE OF CONTENTS

Page Number
REPORT OF INDEPENDENT AUDITORS	1-2
MANAGEMENT’S DISCUSSION AND ANALYSIS	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	15-28
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	29-30
MANAGEMENT LETTER	31-32
INDEPENDENT ACCOUNTANTS REPORT/COMPLIANCE
WITH SECTION 218.415, FLORIDA STATUTES	33

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 financial statements of Narcoossee Community Development District as of and for the year ended September 30, 2019, and the related notes to financial statements, which collectively comprise the District's basic financial statements 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 audit.  We conducted our audit 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 purpose 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.

- 1 -
55

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, 2019, 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 March 31, 2020 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

March 31, 2020
- 2 -
56

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 service.

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 available resources.

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, 2019.

á The District’s total assets exceeded total liabilities by $1,821,482 (net position). Unrestricted net position for Governmental Activities was $421,528. Net Investment in Capital Assets was $1,269,850. Restricted net position was $130,104.

á Governmental activities revenues totaled $641,943 while governmental activities expenses totaled $548,733.

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
	 	2019		2018	
Current assets	$	426,611	$	445,466	
Restricted assets	342,287	320,552	
Capital assets	 	4,223,683	4,301,173	
Total Assets	 	4,992,581	5,067,191	

Deferred amount on refunding	
 	28,082	
30,175	

Current liabilities	
236,257	
234,305	
Non-current liabilities	 	2,962,924	 	3,134,789	
Total Liabilities	 	3,199,181	 	3,369,094	
Net investment in capital assets	1,269,850	1,187,568	
Restricted debt dervice	130,104	104,176	
Net position - unrestricted	 	421,528	 	436,528	
Total Net Position	$ 1,821,482	$ 1,728,272	

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

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	
	2019		2018	
Program Revenues				
Charges for services	$	634,460		$	634,466	
General Revenues				
Investment earnings	7,483		4,040	
Total Revenues	 	641,943		638,506	

Expenses
General government	

109,852		

118,061	
Physical environment	290,209		291,827	
Interest on long-term debt	148,672		153,848	
Total Expenses	548,733		563,736	

Change in Net Position	
93,210		
74,770	
Net Position - Beginning of Year	1,728,272		1,653,502	

Net Position - End of Year	
$	1,821,482		
$	1,728,272	

The decrease in general government is related to the decrease in engineering fees in the current year.

The decrease in interest on long-term debt is related to the decrease in outstanding debt.

Capital Assets Activity
The following schedule provides a summary of the District’s capital assets as of September 30, 2019 and 2018.

 	Governmental Activities	
 	Description		 	2019		 	2018		
Land	$	3,245,141	$	3,245,141	
Construction in progress	44,255	-	
Improvements	631,768	631,768	
Infrastructure	2,145,239	2,145,239	
Accumulated depreciation	 	(1,842,720)	 	(1,720,975)	
Total Capital Assets (Net)	 $	4,223,683	 $	4,301,173
The activity for the year consisted of $121,745 in depreciation and additions of $44,255 to construction in progress.
General Fund Budgetary Highlights
Actual governmental expenditures were less than final budgeted amounts primarily due to lower landscape/irrigation maintenance and legal fees than were anticipated in the approved budget.
There were no budget amendments in the current year.
Debt Management

Governmental Activities debt includes the following:

á 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, 2019 was $3,180,000.
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 2020.
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, Florida 32827.

STATEMENT OF NET POSITION
September 30, 2019

ASSETS
Current Assets

Governmental Activities

Cash	$	374,420
Investments	26,951
Prepaid items	 	25,240

Total Current Assets Non-current Assets
Restricted assets

 	426,611

Investments	342,287
Capital assets, not being depreciated
Land	3,245,141
Construction in progress	44,255
Capital assets, being depreciated
Infrastructure	2,145,239	
Improvements	631,768	
Less: accumulated depreciation	 	(1,842,720)	
Total Non-current Assets	 	4,565,970	
Total Assets	 	4,992,581	

DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding	 	28,082
Total Assets and Deferred Outflows of Resources	 	5,020,663

LIABILITIES
Current Liabilities
Accounts payable and accrued expenses	2,851	
Accrued interest	58,406	
Bonds payable - current portion	 	175,000	
Total Current Liabilities	 	236,257	
Non-current liabilities
Bonds payable	 	2,962,924
Total Liabilities	 	3,199,181

NET POSITION		
Net investment in capital assets	1,269,850	
Restricted debt service	130,104	
Unrestricted	 	421,528	
Total Net Position	  $	1,821,482	

See accompanying notes.

STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2019

	

Program Revenues		Net (Expense) Revenues and Changes in
Net Position	
	Charges for		Governmental	
Functions/Programs	Expenses		Services		Activities	
Governmental Activities
General government	
$	(109,852)		
$	123,843		
$	13,991	
Physical environment	(290,209)		183,116		(107,093)	
Interest on long-term debt	(148,672)		327,501		178,829	
Total Governmental Activities	  $	(548,733)		  $	634,460		85,727	

General revenues:
Investment earnings	 	7,483

Change in Net Position

Net Position - October 1, 2018
Net Position - September 30, 2019

93,210

 	1,728,272
  $	1,821,482

BALANCE SHEET - GOVERNMENTAL FUNDS
September 30, 2019

ASSETS	General	
Debt Service	
Capital Projects	Total Governmental Funds	
Cash	$ 75,703	$	-	$ 298,717	$	374,420	
Investments, at fair value	26,951	-	-	26,951	
Due from other funds	-	2,232	-	2,232	
Prepaid items	25,240	-	-	25,240	
Restricted assets
Investments, at fair value	
 	-	
 	342,287	
 	-	
342,287	
Total Assets	$ 127,894	$ 344,519	$ 298,717	$	771,130	

LIABILITIES AND FUND BALANCES			
LIABILITIES
Accounts payable and accrued expenses	
$	2,851	
$	-	$	-	$	2,851	
Due to other funds	 	2,232	 	-	 	-	2,232	
Total Liabilities	 	5,083	 	-	 	-	5,083	

FUND BALANCES
Nonspendable
Prepaids	25,240	-	-	25,240
Restricted - debt service	-		344,519		-		344,519	
Assigned - capital projects	-		-		298,717		298,717	
Unassigned	97,571		-		-		97,571	

Total Fund Balances	
122,811		
344,519		
298,717		
766,047	

Total Liabilities and Fund Balances	
   $ 127,894		
   $344,519		
   $ 298,717		
   $	771,130	

See accompanying notes.

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2019

Total Governmental Fund Balances	$	766,047

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

Capital assets consisting of land, $3,245,141, construction in progress, $44,255 improvements, $631,768, and infrastructure, $2,145,239, net of accumulated depreciation, $(1,842,720), used in governmental activities are not current
financial resources and therefore, are not reported at the fund level.	4,223,683

Deferred outflows of resources, deferred amount on refunding net, are not
financial resources and, therefore, are not reported at the fund level.	28,082

Long-term liabilities, including bonds payable, $(3,180,000), less bond discount, net $42,076, are not due and payable in the current period
and, therefore, are not reported at the fund level.	(3,137,924)

Accrued interest expense for long-term debt is not a current financial use,
and therefore, is not reported at the fund level.			(58,406) Net Position of Governmental Activities	 $	1,821,482

See accompanying notes.
- 11 -

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
For the Year Ended September 30, 2019

General

Revenues	
Debt Service	
Capital Projects	Total Governmental Funds	
Special assessments	$	306,959		$	327,501		$	-		$	634,460	
Investment earnings	579		6,871		33		7,483	
Total Revenues	307,538		334,372		33		641,943	

Expenditures Current
General government	109,852	-		-		109,852	
Physical environment	162,428	-		6,036		168,464	
Capital outlay	-	-		44,255		44,255	
Debt service						
Principal	-	165,000		-		165,000	
Interest	-	145,780		-		145,780	
Total Expenditures	
272,280	310,780		50,291		633,351	

Excess of revenues over/(under) expenditures	

35,258	23,592		

(50,258)		

8,592	

Other financing sources/(uses)						
Transfers in	-		-		23,785		23,785	
Transfers out	(23,785)		-		-		(23,785)	

Total other financing sources/(uses)	
(23,785)		
-		
23,785		
-	

Net change in fund balances	
11,473		
23,592		
(26,473)		
8,592	
Fund Balances - October 1, 2018	111,338		320,927		325,190		757,455	

Fund Balances - September 30, 2019	
   $	122,811		
   $	344,519		
   $	298,717		
   $	766,047	

See accompanying notes.
- 12 -

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, 2019

Net Change in Fund Balances - Total Governmental Funds	$	8,592 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, $(121,745), exceeded capital outlay, $44,255, in the current period.

(77,490)

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.	(2,093)

Repayment of bond principal is an expenditure in the governmental funds,
but the repayment reduces long-term liabilities in the Statement of Net Position.	165,000

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.

(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.			2,336 Change in Net Position of Governmental Activities	$	93,210

See accompanying notes.	- 13 -

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND
For the Year Ended September 30, 2019

Original Budget
Revenues	

Final Budget	

Actual	Variance With Final Budget Positive (Negative)	
Special assessments	$ 297,263		$ 297,263		$ 306,959		$	9,696	
Investment earnings	-		-		579		579	
Total Revenues	297,263		297,263		307,538		10,275	

Expenditures Current
General government	119,069		119,069		109,852		9,217	
Physical environment	178,194		178,194		162,428		15,766	
Total Expenditures	297,263		297,263		272,280		24,983	

Excess of revenues over/(under) expenditures

Other financing sources/(uses)	

-		

-		

35,258		

35,258	
Transfers out	(23,785)		(23,785)		(23,785)		-	

Net change in fund balances	
(23,785)		
(23,785)		
11,473		
35,258	
Fund Balances - October 1, 2018	23,785		23,785		111,338		87,553	

Fund Balances - September 30, 2019	
   $	-		
   $	-		
  $ 122,811		
   $	122,811	

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 (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described 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:
ñ	Government-wide financial statements
ñ	Fund financial statements
ñ	Notes to financial statements

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.

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.

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 Projects 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.

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 Interlocal Cooperative Act of 1969;

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

Securities and Exchange Commission, 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.

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:	10-30 years
Infrastructure:	10-30 years

Deferred Outflow of Resources

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 balances” of the District’s governmental funds ($766,047) differs from “net position” of governmental activities ($1,821,482) 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	
Construction in progress	44,255	
Improvements	631,768	
Infrastructure	2,145,239	
Accumulated depreciation	 	(1,842,720)	
Total	$	4,223,683	
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	$	28,082
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, 2019 were:

Bonds payable	$	(3,180,000)	
Bond discount, net	 	42,076	
Total	$	(3,137,924)	

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	$	(58,406)

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 ($8,592) differs from the “change in net position” for governmental activities ($93,210) 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)
Capital outlay	 	44,255
Total	$	(77,490)

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	$	165,000	
Bond discount amortization	 	(3,135)	
Total	$	161,865	

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	$	2,336

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, 2019, the District's bank balance was $380,893 and the carrying value was $374,420. 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, 2019, the District had the following investments and maturities:

Investment	Maturities	Fair Value
First American Government
Obligation Fund	24 days*	 $	369,238

*Maturity is a weighted average maturity.

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 compliance.  The District has no investment policy that would further limit its investment choices. As of September 30, 2019, 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, 2019 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, 2019 was as follows:

Governmental Activities:
Capital assets, not being depreciated:	Beginning
 	Balance			
    Additions			Ending
   Deletions	 	Balance		
Land	$ 3,245,141		$	-		$	-	$ 3,245,141	
Construction in progress	-		44,255		-	44,255	
Total Capital Assets, not being Depreciated	3,245,141		44,255		-	3,289,396	

Capital assets, being depreciated:						
Improvements	631,768		-		-	631,768	
Infrastructure	 	2,145,239		 	-		 	-	 	2,145,239	
Total Capital Assets, Being Depreciated	2,777,007		-		-	2,777,007	
Less accumulated depreciation	 	(1,720,975)		 	(121,745)		 	-	 	(1,842,720)	
Total Capital Assets Depreciated, Net	 	1,056,032		 	(121,745)		 	-	 	934,287	
Governmental Activities Capital Assets	  $ 4,301,173		  $	(77,490)		  $	-	 $ 4,223,683	

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, 2019:

Long-term debt at October 1, 2018	$	3,345,000 Principal payments	 		(165,000)
Long-term debt at September 30, 2019	$	3,180,000

$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.	$	3,180,000 Bond Discount, Net	 		(42,076)
Bonds Payable, Net	$	3,137,924

NOTE F – LONG-TERM DEBT (CONTINUED)

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2019 are as follows:

Year Ending
    September 30,		
 	Principal		
 	Interest		
 	Total		
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	200,000	110,091	310,091	
2025-2029	1,140,000	409,095	1,549,095	
2030-2033	 	1,115,000	 	121,224	 	1,236,224	
Totals	$	3,180,000	$	1,160,002	$	4,340,002	
 	 	
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, 2019:

Reserve		Reserve Balance	Requirement
Series 2013	$   156,009	$	156,009

NOTE G – RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the cost of these risks, coverage may not extend to all situations. The District has not filed any claims under this commercial coverage during the last three years.

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, 2019, and the related notes to the financial statements, and have issued our report thereon dated March 31, 2020.

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, material weaknesses may exist that have not been identified.

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83

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 PL
Fort Pierce, Florida March 31, 2020

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84

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, 2019, and have issued our report thereon dated March 31, 2020.

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 AICPA 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 March 31, 2020, 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.

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85

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, 2019.

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 recommendations.

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 March 31, 2020

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86

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, 2019. 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, 2019.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida March 31, 2020

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87

SECTION X

SECTION C

SECTION 1

Narcoossee
Community Development District
Summary of Check Register
January 01, 2020 to March 31, 2020

Fund	Date	Check No.'s	Amount

General Fund

1/8/20	1872	$
1/16/20	1873	$
1/17/20	1874-1876	$
1/21/20	1877	$
1/24/20	1878	$
2/4/20	1879	$
2/12/20	1880	$
2/18/20	1881-1882	$
2/20/20	1883	$
2/28/20	1884	$
3/11/20	1885	$
3/18/20	1886-1891	$
$

112,578.57
1,548.00
13,710.36
110.00
110,225.02
115.00
5,539.23
11,471.54
1,385.00
17,793.65
5,544.88
21,554.14
301,575.39

$	301,575.39

SECTION 2

Narcoossee
Community Development District

Unaudited Financial Reporting March 31, 2020

Table of Contents

1	 	Balance Sheet	

2-3	
 	General Fund	

4	
 	Debt Service Fund	

5	
 	Capital Reserves Fund - Nona Preserve	

6	
 	Capital Reserve Fund - Parcels G&H	

7	
 	Capital Reserves Fund - Nona Crest	

8	
 	Capital Reserve Fund - La Vina	

9-10	
 	Month to Month	

11	
 	Long-Term Debt	

12	
 	Assessment Receipt Schedule	

Community Development District Combined Balance Sheet
For the Period Ended March 31, 2020

Governmental Fund Types
Debt	Capital
 	General	 	Service	 	Projects		Totals
Assets:		
Cash	$255,134		---		---		$255,134	
Cash-Nona Preserve	---		---		$38,269		$38,269	
Cash-Parcels G & H	---		---		$71,077		$71,077	
Cash-Nona Crest	---		---		$96,433		$96,433	
Cash-La Vina	---		---		$92,952		$92,952	
Custody-Excess Funds	$27,169		---		---		$27,169	
Series 2013A-1/ A-2								
Reserve A-1	---		$104,615		---		$104,615	
Prepayment A-1	---		$292		---		$292	
Revenue	---		$387,074		---		$387,074	
Reserve A-2	---		$51,394		---		$51,394	
Due from General Fund	---		$13,193		---		$13,193	
Due from Other	 	$574 		 	--- 		 	--- 		 	$574 	
Total Assets	 	$282,877 		$556,568		$298,731		$1,138,177	

Liabilities:								
Accounts Payable	$4,964		---		$10,944		$15,908	
Due to Debt Service	$13,193		---		---		$13,193	
Due to Other	$1,430		---		---		$1,430	
Fund Balances:								
Restricted for Debt Service	---		$556,568		---		$556,568	
Assigned for Capital Projects - Nona Preserve	---		---		$38,269		$38,269	
Assigned for Capital Projects - GH	---		---		$71,077		$71,077	
Assigned for Capital Projects - Nona Crest	---		---		$90,569		$90,569	
Assigned for Capital Projects - La Vina	---		---		$87,872		$87,872	
Assigned	 	$35,666 		 	--- 		 	--- 		 	$35,666 	
Unassigned	 	$227,624 		 	--- 		 	--- 		 	$227,624 	
Total Liabilities and Fund Equity								
& Other Credits	 	$282,877 		$556,568		$298,731		$1,138,177	

1

Revenues:		
Maintenance Assessments	$315,352	$277,830	$277,830	$0	
Interest	$0	$0	$218	$218	
Total Revenues	$315,352	$277,830	$278,048	$218	

Expenditures:					
Administrative					
Supervisor Fees	$6,000	$3,000	$800	$2,200	
FICA	$459	$230	$61	$168	
Engineering	$10,000	$5,000	$3,065	$1,935	
Assessment Roll	$5,000	$5,000	$5,000	$0	
Attorney Fees	$17,000	$8,500	$2,944	$5,556	
Annual Audit	$3,000	$0	$0	$0	
Dissemination	$1,250	$625	$625	($0)	
Arbitrage	$600	$0	$0	$0	
Trustee Fees	$3,000	$0	$0	$0	
Management Fees	$44,275	$22,138	$22,137	($0)	
Information Technology	$2,900	$1,450	$850	$600	
Telephone	$100	$50	$7	$43	
Postage	$450	$225	$164	$61	
Insurance	$20,750	$20,750	$20,240	$510	
Printing & Binding	$1,200	$600	$29	$571	
Legal Advertising	$1,200	$600	$685	($85)	
Other Current Charges	$500	$250	$240	$10	
Property Appraiser	$780	$773	$773	$0	
Office Supplies	$150	$75	$20	$55	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Contingency	$280	$140	$0	$140	
Total Administrative	$119,069	$69,580	$57,815	$11,765	
Nona Crest					
Field Management	$4,164	$2,082	$2,082	$0	
Landscape Maintenance	$26,053	$13,027	$10,220	$2,807	
Irrigation Repairs	$3,500	$1,750	$962	$788	
Lake Maintenance	$4,350	$2,175	$2,088	$87	
Wall Repairs/Cleaning	$2,500	$1,250	$0	$1,250	
Feature Lighting	$1,000	$500	$749	($249)	
Miscellaneous Common Area	$1,349	$674	$495	$179	
Total Nona Crest	$42,916	$21,458	$16,596	$4,861	

100

La Vina					
Field Management	$10,350	$5,175	$5,175	$0	
Landscape Maintenance	$38,762	$19,381	$17,922	$1,459	
Irrigation Repairs	$4,000	$2,000	$2,639	($639)	
Lake Maintenance	$4,573	$2,286	$2,213	$74	
Utilities	$8,340	$4,170	$2,889	$1,281	
Wall Repairs/Cleaning	$5,500	$2,750	$0	$2,750	
Solvino Streetlighting	$2,710	$1,355	$1,350	$5	
Capri Streetlighting	$3,850	$1,925	$1,920	$5	
Miscellaneous Common Area	$15,321	$7,660	$130	$7,530	
Total La Vina	$93,405	$46,703	$34,237	$12,465	
Nona Preserve					
Field Management	$4,463	$2,232	$2,232	($0)	
Landscape Maintenance	$29,400	$14,700	$14,700	$0	
Irrigation Repairs	$2,200	$1,100	$1,391	($291)	
Lake Maintenance	$4,300	$2,150	$2,100	$50	
Miscellaneous Common Area	$1,510	$755	$0	$755	
Total Nona Preserve	$41,873	$20,937	$20,422	$514	

Parcels G & H					
Field Management	$2,666	$1,333	$1,333	$0	
Landscape Maintenance	$13,796	$6,898	$6,378	$520	
Lake Maintenance	$1,628	$814	$788	$27	
Total Parcels G & H	$18,090	$9,045	$8,498	$546	
					
Total Maintenance Expenses	$196,283	$98,142	$79,755	$18,387	
					
Total Expenditures	$315,352	$167,722	$137,570	$30,152	

Other Sources (Uses)					
Transfer Out	($35,666)	$0	$0	$0	
Total Other Sources (Uses)	($35,666)	$0	$0	$0	
					
Excess Revenues (Expenditures)	($35,666)		$140,479		
					
Fund Balance - Beginning	$35,666		$122,812		
					
Fund Balance - Ending	$0		$263,290		

3

Debt Service Fund Statement of Revenues & Expenditures For the Period Ended March 31, 2020

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/20	Thru 03/31/20	Variance	

Revenues:					
Assessments - Tax Roll	$317,131	$279,818	$279,818	$0	
Interest	$1,000	$500	$2,318	$1,818	
Total Revenues	$318,131	$280,318	$282,136	$1,818	

Expenditures:					
Series 2013A-1
Interest Expense 11/01	
$43,053	
$43,053	
$43,053	
$0	
Principal 5/01	$125,000	$0	$0	$0	
Interest Expense 5/01	$43,053	$0	$0	$0	
Series 2013A-2
Interest Expense 11/01	
$27,034	
$27,034	
$27,034	
$0	
Principal 5/01	$50,000	$0	$0	$0	
Interest Expense 5/01	$27,034	$0	$0	$0	
Total Expenditures	$315,174	$70,087	$70,087	$0	
					
Excess Revenues (Expenditures)	$2,957		$212,049		
					
Fund Balance - Beginning	$184,168		$344,519		
					
Fund Balance - Ending	$187,125		$556,568		

102

Capital Reserve Fund - Nona Preserve Statement of Revenues & Expenditures For the Period Ended March 31, 2020

	Adopted
Budget	Prorated Budget
Thru 03/31/20		Actual
Thru 03/31/20	
Variance		

Revenues:							
Transfer In	$323		$0	$0		$0	
Interest	$0		$0	$2		$2	
Total Revenues	$323		$0	$2		$2	

Expenditures:							
Capital Projects	$2,500		$0	$0		$0	
Total Expenditures	$2,500		$0	$0		$0	
							
Excess Revenues (Expenditures)	($2,177)			$2			
							
Fund Balance - Beginning	$38,267			$38,268			
							
Fund Balance - Ending	$36,090			$38,269			

Capital Reserve Fund - Parcels G & H Statement of Revenues & Expenditures For the Period Ended March 31, 2020

	Adopted
Budget	Prorated Budget
Thru 03/31/20		Actual
Thru 03/31/20	
Variance		

Revenues:							
Transfer In	$5,447		$0	$0		$0	
Interest	$0		$0	$4		$4	
Total Revenues	$5,447		$0	$4		$4	

Expenditures:							
Capital Projects	$0		$0	$0		$0	
Total Expenditures	$0		$0	$0		$0	
							
Excess Revenues (Expenditures)	$5,447			$4			
							
Fund Balance - Beginning	$60,761			$71,073			
							
Fund Balance - Ending	$66,209			$71,077			

Capital Reserve Fund - Nona Crest Statement of Revenues & Expenditures For the Period Ended March 31, 2020

	Adopted
Budget	Prorated Budget
Thru 03/31/20		Actual
Thru 03/31/20	
Variance	

Revenues:						
Transfer In	$7,518		$0	$0	$0	
Interest	$0		$0	$5	$5	
Total Revenues	$7,518		$0	$5	$5	

Expenditures:						
Capital Projects	$0		$0	$5,864	($5,864)	
Total Expenditures	$0		$0	$5,864	($5,864)	
						
Excess Revenues (Expenditures)	$7,518			($5,859)		
						
Fund Balance - Beginning	$96,428			$96,429		
						
Fund Balance - Ending	$103,947			$90,569		

Capital Reserve Fund - LaVina Statement of Revenues & Expenditures For the Period Ended March 31, 2020

	Adopted
Budget	Prorated Budget
Thru 03/31/20	Actual
Thru 03/31/20	
Variance		

Revenues:						
Transfer In	$13,973	$0	$0		$0	
Interest	$0	$0	$5		$5	
Total Revenues	$13,973	$0	$5		$5	

Expenditures:						
Dowden Median Improvements	$50,000	$5,080	$5,080		$0	
Total Expenditures	$50,000	$5,080	$5,080		$0	
						
Excess Revenues (Expenditures)	($36,027)		($5,075)			
						
Fund Balance - Beginning	$109,946		$92,947			
						
Fund Balance - Ending	$73,919		$87,872			

107

Narcoossee
Community Development District

	Oct	Nov	Dec	Jan	Feb	Mar	Apr		May		Jun		Jul		Aug		Sep		Total	

Revenues:																				
Maintenance Assessments	$0	$17,735	$111,779	$109,442	$16,871	$22,004		$0		$0		$0		$0		$0		$0	$277,830	
Interest	$44	$40	$34	$34	$34	$31		$0		$0		$0		$0		$0		$0	$218	
Total Revenues	$44	$17,775	$111,813	$109,476	$16,905	$22,035		$0		$0		$0		$0		$0		$0	$278,048	

Expenditures:																				
Administrative																				
Supervisor Fees	$0	$0	$0	$0	$800	$0		$0		$0		$0		$0		$0		$0	$800	
FICA	$0	$0	$0	$0	$61	$0		$0		$0		$0		$0		$0		$0	$61	
Engineering	$375	$1,195	$110	$0	$1,385	$0		$0		$0		$0		$0		$0		$0	$3,065	
Assessment Roll	$5,000	$0	$0	$0	$0	$0		$0		$0		$0		$0		$0		$0	$5,000	
Attorney	$93	$130	$115	$1,620	$0	$986		$0		$0		$0		$0		$0		$0	$2,944	
Annual Audit	$0	$0	$0	$0	$0	$0		$0		$0		$0		$0		$0		$0	$0	
Dissemination	$104	$104	$104	$104	$104	$104		$0		$0		$0		$0		$0		$0	$625	
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	$3,690		$0		$0		$0		$0		$0		$0	$22,137	
Information Technology	$142	$142	$142	$142	$142	$142		$0		$0		$0		$0		$0		$0	$850	
Telephone	$7	$0	$0	$0	$0	$0		$0		$0		$0		$0		$0		$0	$7	
Postage	$76	$44	$3	$6	$20	$14		$0		$0		$0		$0		$0		$0	$164	
Insurance	$20,240	$0	$0	$0	$0	$0		$0		$0		$0		$0		$0		$0	$20,240	
Printing & Binding	$0	$0	$0	$0	$0	$29		$0		$0		$0		$0		$0		$0	$29	
Legal Advertising	$0	$0	$0	$0	$685	$0		$0		$0		$0		$0		$0		$0	$685	
Other Current Charges	$51	$52	$54	$36	$16	$31		$0		$0		$0		$0		$0		$0	$240	
Property Appraiser	$773	$0	$0	$0	$0	$0		$0		$0		$0		$0		$0		$0	$773	
Office Supplies	$1	$0	$0	$0	$18	$1		$0		$0		$0		$0		$0		$0	$20	
Dues, Licenses & 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	$30,726	$5,356	$4,217	$5,598	$6,921	$4,997		$0		$0		$0		$0		$0		$0	$57,815	

9

108

SERIES 2013A-2, SPECIAL ASSESSMENT REFUNDING BONDS

Narcoossee
Community Development 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: PRINCIPAL PAYMENT 5/1/15	($110,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($110,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($115,000)	
LESS: PRINCIPAL PAYMENT 5/1/18	($115,000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($120,000)	
CURRENT BONDS OUTSTANDING	$2,205,000	

MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	5/1/2033
50% OF MAXIMUM ANNUAL DEBT SERVICE
$51,394	
RESERVE FUND BALANCE	$51,394	

BONDS OUTSTANDING - 9/30/13	
$1,295,000	
LESS: PRINCIPAL PAYMENT 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: PRINCIPAL PAYMENT 5/1/17	($40,000)	
LESS: PRINCIPAL PAYMENT 5/1/18	($45,000)	
LESS: PRINCIPAL PAYMENT 5/1/19	($45,000)	
CURRENT BONDS OUTSTANDING	$975,000	

11109

NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts
Series 2013

110

Fiscal Year 2020
	Gross Assessments	$335,455.07	$337,855.13	$673,310.20	
TOTAL ASSESSMENT LEVY	Net Assessments	$315,327.77	$317,583.82	$632,911.59	
	ASSESSED THROUGH COUNTY	
DATE		GROSS				NET AMOUNT	49.82%	50.18%	100.00%	
RECEIVED	DESCRIPTION	ASSESSMENTS	COMMISSIONS	DISC/ PENALTY	INTEREST	RECEIVED	O&M Portion	DSF Portion	Total	

11/12/19	
05/12/19-10/25/19	
$1,686.65	
$0.00	
$88.55	
$0.00	
$1,598.10	
$796.20	
$801.90	
$1,598.10	
11/21/19	11/6/19 - 11/12/19	$21,806.27	$0.00	$872.20	$0.00	$20,934.07	$10,429.72	$10,504.35	$20,934.07	
11/14/19	10/26/19 - 11/5/19	$13,608.41	$0.00	$544.31	$0.00	$13,064.10	$6,508.77	$6,555.33	$13,064.10	
12/12/19	11/21/19 - 11/25/19	$54,715.94	$0.00	$2,188.53	$133.62	$52,661.03	$26,236.66	$26,424.37	$52,661.03	
12/05/19	11/13/19 - 11/20/19	$164,387.06	$0.00	$6,575.31	$0.00	$157,811.75	$78,624.61	$79,187.14	$157,811.75	
12/19/19	11/26/19-11/27/19	$14,463.11	$0.00	$578.49	$0.00	$13,884.62	$6,917.56	$6,967.06	$13,884.62	
01/09/20	11/28/19-11/28/19	$228,819.36	$0.00	$9,152.34	$0.00	$219,667.02	$109,442.00	$110,225.02	$219,667.02	
02/13/20	11/29/19-11/30/19	$35,273.66	$0.00	$1,410.86	$0.00	$33,862.80	$16,871.05	$16,991.75	$33,862.80	
03/12/20	12/1/19-12/4/19	$18,194.68	$573.95	$715.06	$968.18	$17,873.85	$8,905.07	$8,968.78	$17,873.85	
03/19/20	12/5/19-12/31/19	$27,176.58	$885.22	$0.00	$0.00	$26,291.36	$13,098.82	$13,192.54	$26,291.36	
	TOTAL	$580,131.72	$1,459.17	$22,125.65	$1,101.80	$557,648.70	$277,830.46	$279,818.24	$557,648.70	

d

Gross Percent Collecte
Balance Remaining to Collec

91%
$93,178.48

12

SECTION 4

2020 SPECIAL DISTRICT-S QUALIFYING  PROCEDURE
(Dates are subject to change)

Florida Statute 99.061
All special district candidates shall qualify by paying a filing fee of $ 25.00 or by the petition process pursuant to Florida Statute 99.095. Notwithstanding Florida Statute 106.021, a Special District candidate who does not collect contributions and whose only expense is the filing fee or signature verification fee is not required to appoint a campaign treasurer or designate a primary campaign depository.
Candidates who WILL NOT incur election expenses or contributions willdo the following:
If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district.
Petitions must be submitted by Noon on May 11, 2020.

Qualifying begins at Noon on Tune 8 and ends at Noon on  june 12, 2020.  To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):

Form 1- Statement of Financial Interest
Loyalty Oath/Oath of Candidate
The amount of $25 .00 for your qualifying fee.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be charged .10 for each petition card viewed.

Candidates who WILL incur election expenses or contributions willdo the following:
File DS-DE9 Appointment of Campaign Treasurer/Designation of Campaign Depository (open campaign account). This may be completed at any time prior to qualifying, but MUST be completed by the time you qualify.
Read Chapter 106 of the Florida Statutes, and submit a Statement of Candidate.

If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district. Form DS-DE9 Appointment of Campaign Treasurer Designation of Campaign Depository must be filed prior to collecting petitions. Petitions must be submitted by Noon on May11, 2020.
Qualifying begins at Noon on june 8 and ends at Noon on lune 12. 2020. To qualify you  must present  the items listed below (all items MUST be received by the end of the qualifying period):

Form 1 - Statement of Financial Interest
Loyalty Oath/Oath of Candidate
The amount of  $25.00 for your qualifying fee.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be charged .10 for each petition card viewed.

AUDIT COMMITTEE MEETING

SECTION III

SECTION C

NARCOOSSEE
COM M UNITY DEVELOPM ENT DISTRICT REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Narcoossee Community Development District hereby requests proposals for annual financial auditing services. The proposal must provide for the auditing of the District’s financial records for the Fiscal Year ending September 30, 2020, with an option for two additional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in Orange County and has a general administrative operating fund and a debt service fund.

The Auditing entity submitting a proposal must be duly licensed under Chapter 173, Florida Statutes and be qualified to conduct audits in accordance with “ Government Auditing Standards,” as adopted by the Florida Board of Accountancy Audits shall be conducted in accordance with Florida Law and particularly Section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include evaluation criteria and instructions to proposers, are available from the District Manager at the address and telephone number listed below.

Proposers must provide seven (7) copies and one (1) electronic copy of their proposal to GMS - CF, LLC, District Manager, 219 East Livingston Street, Orlando, FL 32801, telephone (407) 841-5524, in an envelope marked on the outside “Auditing Services – Narcoossee Community Development District.” Proposals must be received by Friday, July 17, 2020, 2:00 P.M ., at the office of the District Manager. Please direct all questions regarding this Notice to the District Manager.

Jason M. Showe
Governmental Management Services – Central Florida, LLC District Manager