Narcoossee Community Development District
Agenda March 22, 2022

AGENDA

Narcoossee Community Development District Revised Agenda

Tuesday	Offices of GMS-CF, LLC
March 22, 2022	6200 Lee Vista Blvd., Suite 300
3:00 P.M.	Orlando, Florida 32822

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation of Betsy Burgos
Appointment of Individual to Fulfill Board Vacancy with a Term Ending November 2022
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2022-01 Appointing an Assistant Secretary
Approval of Minutes from the November 16, 2021 Meeting
Consideration of Work Authorization 2022-02 with Dewberry
Consideration of Resolution 2022-02 Designating Registered Agent
Review and Acceptance of Fiscal Year 2021 Draft Audit Report - ADDED
Ratification of Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests
Next Meeting Date – May 24, 2022
Adjournment

SECTION III

SECTION A

From: Jason Showe jshowe@gmscfl.com
Subject: Re: CDD Board Resignation
Date: January 25, 2022 at 3:34 PM
To: Betsy B. Burgos betsybburgos@gmail.com
Cc: Lauren Vanderveer lvanderveer@gmscfl.com

Thank you Betsy, it has been great working with you and we wish you all the best.

PLEASE NOTE NEW ADDRESS BELOW

Jason Showe District Manager
Governmental Management Services, Central Florida 219 E. Livingston St
Orlando, FL 32801
407-841-5524 X 105 - Office
407-839-1526 - Fax
407-470-8825 - Cell
jshowe@gmscfl.com

Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.
History.—s. 1, ch. 2006-232.

On Jan 25, 2022, at 3:30 PM, Betsy B. Burgos <betsybburgos@gmail.com> wrote:
Dear Jason,

As discussed on my previous email, my work schedule has changed signiﬁcantly this past year and is not allowing me with the addi;onal ;me needed to properly a<end the CDD mee;ngs and responsabili;es. I will like to resign to my seat on the Narcoossee CDD Board of Directors eﬀec;ve immediately.

I appreciate the opportunity to serve as a Board member during the past years. I wish the best to all.
Thanks!
Betsy B Burgos

Betsy B. Burgos
p: 239-821-4447
e: betsybburgos@gmail.com

SECTION D

RESOLUTION 2022-01

A RESOLUTION OF THE NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT ELECTING AN ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Narcoossee Community District desires to elect 	as an Assistant Secretary.

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

 	  is elected Assistant Secretary of the Board of Supervisors.

Adopted this 22nd day of March, 2022.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 		

SECTION IV

MINUTES OF MEETING NARCOOSEE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Narcoossee Community Development District was held Tuesday, November 16, 2021 at 3:00 p.m. at the Offices of GMS-CF, LLC, 6200 Lee Vista Boulevard, Suite 300, Orlando, Florida.

Present and constituting a quorum were:

Jeffrey Smyk	Chairman
Steve Giercyk	Vice Chairman
Peter Wong	Assistant Secretary
Betsy Burgos	Assistant Secretary by telephone

Also present were:

Jason Showe	District Manager
Roy Van Wyk	District Attorney
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 were no members of the public present.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the September 28,
2021 Meeting

On MOTION by Mr. Smyk seconded by Mr. Giercyk with all in favor the minutes of the September 28, 2021 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration of Agreement with Berger
Toombs Elam Gaines & Frank to Provide Auditing Services for Fiscal Year 2021

On MOTION by Mr. Wong seconded by Mr. Giercyk with all in favor the engagement letter with Berger Toombs to perform the fiscal year 2021 audit was approved.

FIFTH ORDER OF BUSINESS	Consideration of Proposed Engineering Rate
Increase

On MOTION by Mr. Giercyk seconded by Mr. Smyk with all in favor the proposed increase in engineering rates was approved.

SIXTH ORDER OF BUSINESS	Review of Proposals and Selection of Firm to
Provide Landscape Maintenance Services
Mr. Showe stated we provided you with all three of the bids we received as well as the scoring sheet. The board needs to fill out the scoring sheet and we can get a compilation.
Mr. Smyk asked are we still within a contract with Down to Earth?
Mr. Scheerer responded yes. The board entered into an agreement at the last meeting to extend their contract and based on the results of the RFP the board could give a 30-day notice of termination.
Mr. Smyk asked what is the process if we don’t want to go with one of these three bids?
Mr. Showe stated the process would be to reject all the bids received, and we can go out with the RFP again. It would be essentially the same document. We had five or six vendors that received the package and we received three bids.
Mr. Giercyk asked can we hold these bids for a certain period of time without rejecting them and maybe get three more bids?
Mr. Showe stated you can’t; this is a public bidding process, these are the bids received. You have to decide from this group or reject them all and go back to bid. If you wanted to have discussion today and consider it at your January meeting we can do that.
Mr. Smyk stated there is a large increase in Down to Earth. How are we under contract and for how long. You said we extended one month.
Mr. Scheerer stated the board approved a new agreement, which is a 12-month agreement with a 30-day out clause. Their contract was up September 30th, at the meeting we brought you a

new contract with them that was approved by the board and sent to Down to Earth and as far as I know we got it back.
Mr. Smyk asked why did they agree with one contract and then provided a bid for more? Mr. Scheerer stated they don’t want to lose your business.
Mr. Showe stated that number is about six-years old, that is the original contract we signed two cycles ago with them and it hasn’t included any increases and I believe there have been significant increases in the industry. Their first contract in 2012 at $98,440 and that price has been stable over ten years.
Mr. Giercyk stated we have a contract until next September. Why don’t we leave that contract in place and do a new bid next September?
Mr. Showe stated you can reject all these bids and keep the contract you have now for as long as they are amenable. Should they say we can’t operate under this contract anymore, we need an increase as long as that increase falls under the bid threshold you can approve it. If it goes over the bid threshold we have to redo the bid process. We need to know well in advance  of September where we would go because we have to do mailed notices.
Mr. Scheerer stated their bid is the only one under the bid threshold.
Mr. Showe stated you could do that but you would have to reject all of these bids. We  are talking later about the administrative allocation, which may cause some mailed notices anyway. We do have numbers and can build these numbers into your budget.
Mr. Giercyk asked do you feel that Down to Earth will continue to do a good job?
Mr. Scheerer stated I really hope they are doing a good job because they know they had some shortcomings and they are not doing it thinking they are getting an increase in the contract.
Mr. Giercyk stated I haven’t seen any change behind the house. A number of people I know have gotten their landscaper to landscape to the edge of the lake.
Ms. Burgos stated they don’t do behind my house anymore. Mr. Scheerer stated I will address that.
Mr. Showe stated given the bid threshold, if they came back in two or three months and said we need the $180,000 and the board approves that we don’t have to go out to bid, because that is under the bid threshold. If you think they are acceptable at that point and they are doing the job that we need them to do, we could give them that increase at that point and we would use the capital reserve for each community to offset it for this year.

Mr. Van Wyk stated under the rules you can reject all bids and stay with the current company and not do anything.
Mr. Smyk asked if we were to choose the bid with down to Earth, when would it become effective since we are already under contract?
Mr. Showe stated the RFP document says that they can’t withdraw these bids before 60- days. You have a 60-day window to hold that price.
Mr. Van Wyk stated you would terminate one contract and enter into the new one. I  don’t know why you would want to do that at double the price.
Mr. Showe stated the best case scenario is you reject all bids today, we stick with Down to Earth and let them know that the board has been unsatisfied with their performance and we want to see how they respond. If they are satisfactory and come back with the same bid it is under the bid threshold and the board could accept that bid. Worst case scenario is you reject the bids, we are still not happy with them, we do the RFP process again and see what those bids are at that time. No matter when you do it we have numbers to go into the budget for that increase.
Mr. Scheerer stated I hear the same thing from every landscaper, the price of labor and materials have gone up and it is not going to get better.

On MOTION by Mr. Smyk seconded by Mr. Giercyk with all in favor all bids were rejected.

SEVENTH ORDER OF BUSINESS	Discussion of Administrative Allocation
Mr. Showe stated we were asked at the last meeting to bring back some scenarios for the admin allocation based on Mr. Wong’s recommendations and we have provided those. Essentially making all the homes as one unit and leaving the commercial ERU where it was and it would decrease the allocation for Nona Crest and La Vina and the offsetting increases go to Nona Preserve and Parcels G & H.
Mr. Wong stated I have an outstanding issue on the number of units at the Camden apartments, based on the website on the property appraiser’s site it shows 420 units, it is also on the Camden website as well. They all say 420 units built in 2011. I wonder if that 370 can be adjusted.
Mr. Showe stated if there is justifiable documentation that there are more units we can adjust that on the O&M side. I will adjust that on my spreadsheet. Unless there is further

discussion we will use that for the admin allocation as we go through the budget process. As we target landscape increases for all the communities this would be factored in. If you are going to factor in the landscape increase it is a good idea to do it at the same time.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Engineer
There being none, the next item followed.

Manager
Approval of Check Register

On MOTION by Mr. Smyk seconded by Mr. Wong 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 stated I should have your column here next week. I did email Aaron and he is going to look into the pond mowing behind the homes in Ziani. He copied a new account manager Sidney, who I have met a couple times on another job and he may be helping Aaron out and I will follow-up on that. Mulch is in and we will deal with any possible sod problems inside Ziani. We are going to stay on these guys.
Mr. Smyk asked will you fill me in on the palm trees in Nona Crest?
Mr. Scheerer stated the lightning strike? I got a phone call and photos from Mr. Gregoire saying that the palm trees were looking bad from a direct lightning strike. We removed all four palm trees and contracted with Omegascapes because they were cheaper and could get there a lot quicker and had the stump cut and stump grind I sent Jim several proposals for various palms, magnolias and I think they are trying to work within the confines of the HOA to see if they want

to put in one nice 13-foot clear trunk palm or want to remove a magnolia and install two 10-foot clear trunk palms, one in the front and one in the back. We will try to find a home r that magnolia because it is not that old.

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

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

ELEVENTH ORDER OF BUSINESS	Next Meeting Date – January 25, 2022
Mr. Showe stated the next meeting is scheduled for January 25, 2022.

On MOTION by Mr. Smyk seconded by Mr. Giercyk with all in favor the meeting adjourned at 4:02 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

SECTION V

Sent Via Email: jshowe@gmscfl.com

January 19, 2022

Narcoossee Community Development District Attention: Mr. Jason Showe, District Manager 219 East Livingston Street
Orlando, Florida 32801

Subject:	Work Authorization Number 2022-2 Narcoossee Community Development District
Special Districts Stormwater 20-Year Needs Analysis Osceola County, Florida

Dear Mr. Showe:

Dewberry Engineers Inc. is pleased to submit this work order to provide general engineering services for the Narcoossee Community Development District (District) for preparation of Special Districts Stormwater 20-Year Needs Analysis. We will provide these services pursuant to our current agreement (“District Engineer Agreement”) as follows:

Scope of Work

We will prepare a Stormwater 20-Year Needs Analysis as required by the Florida Statutes, to be submitted to the county. Florida Statutes, Sections 403.9301 and 403.9302, (see Chapter 2021-194, Laws of Florida), “direct municipalities, counties, and independent special districts that provide a stormwater management system or program, or wastewater management services, to develop a 20- year needs analysis every five years.”

“For the first cycle of reports, local governments must submit their reports to their respective counties by June 30, 2022. The counties must compile the local reports (including their own) and submit them to EDR [Office of Economic & Demographic Research] and the secretary of the Department of Environmental Protection by July 31, 2022. EDR will then publish an analysis of the stormwater and wastewater submissions in the 2023 edition of the Annual Assessments of Florida's Water Resources and Conservation Lands. The next reporting cycle will begin in 2027.”

This task includes:

Completing an inventory of the existing stormwater systems and facilities within the District;
Providing information as to the condition and note the maintenance and operation status as provided by the District;
Providing responses on the EDR prepared spreadsheet for reporting information regarding the stormwater systems;
Providing GIS maps of the facilities within the District boundary and details of the system operations and maintenance expectations for the five (5) year period; and
Submitting to the county for their reporting.

Mr. Jason Showe Narcoossee CDD
Special Districts Stormwater 20-Year Needs Analysis Work Authorization 2022-1
January 19, 2022

We will assist the District in providing the report and additional information by June 30, 2022. The District will be responsible for providing costs for maintenance and proposed future expansions, if any are planned, including history. We will coordinate with the district manager and the board in providing said information.
Our fee for this task will be based on time and materials, in accordance with the enclosed Schedule of Charges. We estimate a budget of $15,000, plus other direct costs.
Other Direct Costs

Other direct costs include items such as printing, drawings, travel, deliveries, et cetera. This does not include any of the application fees for the various agencies, which are the owner’s responsibility and have not been accounted for in this Work Authorization. We estimate a budget of $1,000.

Additional Services

Any Additional Services requested that are not a part of this work authorization will be invoiced either on a time and materials basis, in accordance with the enclosed Schedule of Charges, or on a mutually agreed upon fee. Authorization under this task must be in writing.

This proposed work authorization, together with the referenced Engineering Agreement, represents the entire understanding between the District and the Engineer with regard to the referenced work authorization. If you wish to accept this work authorization, please sign where indicated and return one complete copy to Aimee Powell, Administrative Assistant in our Orlando office at 800 N. Magnolia Avenue, Suite 1000, Orlando, Florida 32803 (or via email at apowell@dewberry.com). Upon receipt, we will promptly schedule our services.
Thank you for considering Dewberry Engineers Inc. We look forward to helping you create a quality project.

Sincerely,

APPROVED AND ACCEPTED

By:  	
Reinardo Malavé, P.E.	Authorized Representative of
Dewberry Engineers Inc.	Narcoossee
Associate Vice President	Community Development District

Date: 		Date:  	

Attachment A

STANDARD HOURLY BILLING RATE SCHEDULE

Professional/Technical/Construction/Surveying Services

LABOR CLASSIFICATION	HOURLY RATES	
Professional		
Engineer I, II, III	$110.00, $120.00, $135.00	
Engineer IV, V, VI	$150.00, $170.00, $200.00	
Engineer VII, VIII, IX	$220.00, $235.00, $255.00	
Environmental Specialist I, II, III	$95.00, $115.00, $135.00	
Senior Environmental Scientist IV, V, VI	$155.00, $170.00, $185.00	
Planner I, II, III	$95.00, $115.00, $135.00	
Senior Planner IV, V, VI	$155.00, $170.00, $185.00	
Landscape Designer I, II, III	$95.00, $115.00, $135.00	
Senior Landscape Architect IV, V, VI	$155.00, $170.00, $185.00	
Principal	$315.00	
Technical		
CADD Technician I, II, III, IV	$75.00, $92.00, $110.00, $135.00	
Designer I, II, III	$100.00, $120.00, $140.00	
Designer IV, V, VI	$155.00, $175.00, $200.00	
Construction		
Construction Professional II, III	$145.00, $170.00	
Construction Professional IV, V, VI	$185.00, $215.00, $245.00	
Survey		
Surveyor I, II, III	$60.00, $75.00, $90.00	
Surveyor IV, V, VI	$105.00, $115.00, $130.00	
Surveyor VII, VIII, IX	$150.00, $175.00, $205.00	
Senior Surveyor IX	$245.00	
Fully Equipped 2, 3, 4 Person Field Crew	$160.00, $200.00, $240.00	
Administration		
Administrative Professional I, II, III, IV	$70.00, $90.00, $110.00, $145.00	
Other Direct Costs (Printing, Postage, Etc.)	Cost + 15%	

Company Confidential and Proprietary: Use or disclosure of data contained on this sheet is subject to restriction on the title page of this report.

SECTION VI

RESOLUTION 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT RE- DESIGNATING A REGISTERED AGENT AND REGISTERED OFFICE OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

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

WHEREAS, the District is statutorily required to designate a registered agent and a registered office location for the purposes of accepting any process, notice, or demand required or permitted by law to be served upon the District in accordance with Section 189.014(1), Florida Statutes.

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

SECTION 1. Jason Showe is hereby designated as the Registered Agent for the  Narcoossee Community Development District.

SECTION 2. The District’s Registered Office shall be located at 219 East Livingston Street, Orlando, Florida 32801.
SECTION 3. In accordance with Section 189.014, Florida Statutes, the District’s  Secretary is hereby directed to file certified copies of this Resolution with the City of Orlando, Orange County, and the Florida Department of Economic Opportunity.

SECTION 4.	This Resolution shall become effective immediately upon adoption.

PASSED AND ADOPTED this 22nd day of March, 2022.

ATTEST:	NARCOOSSEE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

SECTION VII

Narcoossee Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2021

Narcoossee Community Development District ANNUAL FINANCIAL REPORT
September 30, 2021

TABLE OF CONTENTS

Page Number

REPORT OF INDEPENDENT AUDITORS MANAGEMENT'S DISCUSSION AND ANALYSIS

1-2

3-8

BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements
Statement of Net Position	9
Statement of Activities	10
Fund Financial Statements:
Balance Sheet - Governmental Funds	11
Reconciliation of Total Governmental Fund Balances to Net
Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in Fund
Balances - Governmental Funds	13
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the
Statement of Activities	14
Statement of Revenues, Expenditures and Changes in Fund
Balances -  Budget and Actual - General Fund	15
Notes to Financial Statements	16-29
INDEPENDENT AUDITORS' 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	30-31
MANAGEMENT LETTER	32-34
INDEPENDENT ACCOUNTANTS' REPORT/COMPLIANCE
WITH SECTION 218.415, FLORIDA STATUTES	35

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Narcoossee Community Development District Orlando, 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, 2021, 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.

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, 2021, 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 XX, 2022 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 XX, 2022

Narcoossee Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2021

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.

Narcoossee Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2021 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Fund   financial	statements include a balance sheet and a statement of revenues,
expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances - budget and actual is provided for the District's General Fund. Fund financial statements provide more detailed information about the District's activities . Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District's financial standing. These statements are comparable to private-sector companies and give a good understanding of the District's overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of  the  District, including capital assets 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, 2021.

The District's total assets and deferred outflows of resources exceeded total liabilities by
$1,981,503 (net position).	Unrestricted  net position  for Governmental  Activities was
$406,778. Net investment in capital assets was $1,406,619.  Restricted net position  was
$168,106.

Governmental	activities revenues totaled $651,615 while governmental activities expenses totaled $601,671.

Narcoossee Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2021 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
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		
		    2021	2020		
Current assets		$	412,684	$	441,350	
Restricted assets		376,725	342,626	
Capital assets		4,020,908	4,146,193	
Total Assets		4,810,317	 	4,930,169	
Deferred outflows of resources		23,896	 	25,989	
Current liabilities		243,516	233,540	
Non-current liabilities		  2,609,194	2,791,059	
Total Liabilities		  2,852,710	3,024,599	
Net investment in capital assets		1,406,619	1,362,132	
Restricted debt service		168,106	147,243	
Net position - unrestricted		406,778	422,184	
Total Net Position		$  1,981,503	$ 1,931,559	

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

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

Narcoossee Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2021 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
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	
 	2021	2020	
Program Revenues
Charges for services	$	651,561	$	651,858 General Revenues
Investment earnings	 	54	2,868

General government	111,014	107,136	
Physical environment	354,329	294,741	
Interest and other charges	 	136,328	142,772	
Total Expenses	 	601,671	544,649	

Total Revenues	 	651,615	654,726 Expenses

Change in Net Position		49,944		110,077 Net Position - Beginning of Year	 1,931,559    -	1,821,482
Net Position - End of Year	 $	1,981,503       $	1,931,559 

The increase in physical environment is related to increased landscape maintenance repairs in the current year.

Narcoossee Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2021

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District's capital assets as of September 30, 2021 and 2020.

Governmental Activities
Description	2021	2020	
Land	$	3,245,141	$	3,245,141	
Improvements	720,278	720,278	
Infrastructure	2,145,239	2,145,239	
Accumulated depreciation	{2,089,750}	{1,964,465}	
Total Capital Assets (Net)	$ _   4,020,908	 $	4,146,193 The activity for the year consisted of $125,285 in depreciation.
General Fund Budgetary Highlights

Actual governmental expenditures were less than final budgeted amounts primarily due to lower common area maintenance expenditures than were anticipated in the approved budget.

There were no budget amendments in the current year.

Debt Management

Governmental Activities debt includes the following:

In March 2013, the District issued $4,180,000 Series 2013 Special Assessment Refunding Bonds. These bonds were issued to refund the Series 2002 Special Assessment Revenue Bonds for the District. The balance outstanding at September 30, 2021 was $2,830,000.

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 2022.

Narcoossee Community Development District STATEMENT OF NET POSITION
September 30, 2021

	Governmental
Activities	
ASSETS		
Current Assets		
Cash	$	356,306	
Investments	27,207	
Assessments receivable	797	
Prepaid items	 	28,374 	
Total Current Assets	 	412,684 	

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

376,725

3,245,141

Infrastructure	2,145,239	
Improvements	720,278	
Less: accumulated depreciation	(2,089,750)	
Total Non-current Assets	 	4,397,633 	
Total Assets	 	4,810,317 	

DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding

LIABILITIES
Current Liabilities

 	23,896 

Accounts payable and accrued expenses	5,501	
Accrued interest	53,015	
Bonds payable - current portion	 	185,000 	
Total Current Liabilities	 	243,516 	

Non-current liabilities Bonds payable
Total Liabilities

 	2,609,194 
 	2,852,710 

NET POSITION		
Net investment in capital assets	1,406,619	
Restricted debt service	168,106	
Unrestricted	 	406,778 	
Total Net Position	   $	1,981,503	

Narcoossee Community Development District STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2021

Net (Expense) Revenues and
Program	Changes in
   Revenues	Net Position	

Functions/Programs	
Expenses	Charges for
Services	Governmental
Activities	
Governmental Activities
General government	
$	(111,014)	
$	123,353	
$	12,339	
Physical environment	(354,329)	201,266	(153,063)	
Interest  and other charges	 		(136,328)		326,942	190,614 Total Governmental Activities		$ --   _ (601,671}	$	651,561		49,890

General revenues:
Investment earnings	 	54 

Change in Net Position

Net Position - October 1, 2020
Net Position - September 30, 2021

49,944

 	1,931,559 
   $	1,981,503

Narcoossee Community Development District BALANCE SHEET -
GOVERNMENTAL FUNDS
September 30, 2021

ASSETS	General	
Debt Service	
Capital Projects	Total Governmental Funds	

Cash	$	75,362	$	-	$	280,944	$	356,306	
Investments, at fair value	27,207	-	-	27,207	
Assessments receivable	397	400	-	797	
Due from other funds	-	5	-	5	
Prepaid items	28,374	-	-	28,374	
Restricted assets					
Investments, at fair value	-	376,725	-	376,725	
Total Assets	$     131,340	$	377,130	$	280,914	$	789,414

LIABILITIES AND FUND BALANCES

LIABILITIES		
Accounts payable and accrued expenses	$	5,501	$	-	$	-	$	5,501	
Due to other funds	5	-	-	5	
Total Liabilities	 		5,506	-	-	5,506	

FUND BALANCES			
Nonspendable
Prepaids	
28,374	-	-	28,374	
Restricted - debt service		377,130	-	377,130	
Assigned - capital projects	-	280,944	280,944	
Unassigned	97,460	-	-	97,460	

Total Fund Balances		125,834	 		377,130		280,944		783,908 Total Liabilities and Fund Balances	 $	131,340		$	377,130	 $	280,944	_j  789,414 

See accompanying notes.
- 11 -

Narcoossee Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES
TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September  30, 2021

Total Governmental Fund Balances	$	783,908

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

Capital assets, consisting of land, $3,245,141, improvements, $720,278, and infrastructure, $2,145,239, net of accumulated depreciation, $(2,089,750), used in governmental activities are not current financial resources and

financial resources and, therefore, are not reported at the fund level.	23,896	
Long-term liabilities, including bonds payable, $(2,830,000), less bond		
discount, net, $35,806, are not due and payable in the current period
and, therefore, are not reported at the fund level.	
(2,794,194)	

therefore, are not reported at the fund level.	4,020,908 Deferred outflows of resources, deferred amount on refunding net, are not current

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

 	(5 _.Q_1_5)

Net Position of Governmental Activities	$	1,981,503

Narcoossee Community Development District
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDS
For the Year Ended September 30, 2021

Revenues

Total
Debt	Capital	Governmental
 General	Service	Projects	Funds

Special assessments	$	324,619	$	326,942	$	-	$	651,561	
Investment earnings	 	8	21	25	54 	
Total Revenues	 	324,627	326,963	25	651,615 	

Expenditures Current
General government	109,314	-	1,700	111,014	
Physical environment	178,359	-	50,685	229,044	
Debt service
Principal	-
Interest	 	-		175,000
133,861		-
-		175,000
133,861 	
Total Expenditures	287,673	308,861	52,385	648,919	
Excess of revenues over/(under)					
expenditures	 	36,954	18,102	(52,360)	2,696

Other financing sources/(uses)	
Transfers in	-	62,497	62,497	
Transfers out	 	(62,497)	-	-	(62,497)	
Total Other Financing Sources/(Uses)	 	(62,497)	-	62,497	
Net change in fund balances	(25,543)	18,102	10,137	2,696	
Fund Balances - October 1, 2020	 	151,377	359,028	270,807	781,212 	

Fund  Balances - September 30, 2021	$	125,834	$	377,130	$	280,944	$	783,908

Narcoossee Community Development District 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, 2021

Net Change in Fund Balances - Total Governmental Funds	$	2,696

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

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

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

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

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

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

Change in Net Position of Governmental Activities

(125,285)

(2,093)

175,000

(3,135)

 	2,761 

$	49,944

Narcoossee Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND
For the Year Ended September 30, 2021

Original Budget	

Final Budget	

Actual	Variance With Final Budget Positive
(Negative)	
Revenues
Special assessments	
$ 315,353	$ 315,353	$324,619	$	9,266	
Investment earnings	 	-	 	8	8 	
Total Revenues	 	315,353	315,353	324,627	9,274	

Expenditures Current
General government	119,069	119,069	109,314	9,755

315,353	315,353	287,673	27,680	

-	
-	
36,954	
36,954	

Physical environment	 	196,284	196,284	178,359	17,925 Total Expenditures

Excess of revenues over/(under) expenditures

Other Financing Sources/(Uses)
Transfers out	 	(62,498)	(62,498)   _(62,497)	1
Net change in fund balances	(62,498)	(62,498)	(25,543)	36,955

Fund Balances - October 1, 2020	 	62,498	62,498	151,377 -

88,879

Fund Balances - September 30, 2021	 $	-	$	$125,834	$	125,834

See accompanying notes.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of Narcoossee Community Development District (the "District") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASS) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are 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, Florida Statutes. The Board has the responsibility  for assessing and levying assessments, approving budgets, exercising control over facilities and properties, controlling the use of funds generated by the District, approving the hiring and firing of key personnel, and financing improvements.

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

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

Measurement Focus and Basis of Accounting

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

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. 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.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

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

The District has various policies governing the fund balance classifications.

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

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

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

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

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

DRAFT

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

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

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

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

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

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

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

Governmental Major Funds

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

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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

GASS 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, Deferred Outflows of Resources 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.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Deferred Outflows of Resources, Liabilities and Net Position or Equity (Continued)

Cash and Investments (Continued)

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

Direct obligations of the United States Treasury;

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

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

Securities and Exchange 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, improvements 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.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

4. Assets, Deferred Outflows of Resources, Liabilities and Net Position or Equity (Continued)

Capital Assets (Continued)

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

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

Improvements: Infrastructure:

Deferred Outflow of Resources

1 30yeara
1 30yeara

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 straight-line method. 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.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2021

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, $783,908, differs from "net position" of governmental activities, $1,981,503, 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 Improvements Infrastructure
Accumulated depreciation Total
Deferred outflows of resources

$	3,245,141
720,278
2,145,239
(2,089,750)
$	4,020.908

Deferred amounts in refunding, net is not a current financial resource and, therefore, is not reported in the funds.

Deferred amount on refunding

Long-term debt transactions

 I	23,896

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, 2021 were:

Bonds payable	$	(2,830,000)	
Bond discount, net	 	351806 	
Total	$	(2,794.194)	

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	I	(53.015)

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

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, $2,696, differs from the "change in net position" for governmental activities, $49,944, 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

Deferred outflows of resources

i	(125,285)

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

Long-term debt transactions

i	(2,093)

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 Bond discount amortization
Total

$	175,000
(3,135)
i	171.865 

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	s	2..16..1 

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2021 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, 2021, the District's bank balance was $380,878 and the carrying value was $356,306. 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, 2021, the District had the following investments and maturities:

Investment	Maturities

First American Government
Obligation Fund	44 days*

Fair Value

$	403,932

*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.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2021 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, 2021, the District's investment in First American Government Obligation Fund was rated AAAm by Standard & Poor's.

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 Fund is 100% of the District's total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2021 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.

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2021

NOTE E - CAPITAL ASSETS

Capital Asset activity for the year ended September 30, 2021 was as follows:

Governmental Activities:
Capital assets, not being depreciated:

Beginning
 	Balance	

Additions	Deletions

Ending
 	Balance	

Land

Capital assets, being depreciated:

$ 3,245,141

-$-"-----   $	$ 3,245,141

Improvements	720,278	-	-	720,278	
Infrastructure	 	2,145,239	-	-	2,145,239 	
Total Capital Assets, Being Depreciated	2,865,517	-	-	2,865,517	
Less accumulated depreciation	(1,964,465)	(125,285)	-	(2,089,750)	

Total Capital Assets Depreciated, Net Governmental Activities Capital Assets

901,052	(125,285) 	-	775,767

-- ---

i	4,146,193	i  (125,285}	i	-	i	4,020,908

Depreciation of $125,285 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, 2021:

Long-term debt at October 1, 2020		$	3,005,000	
Principal payments		(175,000)	

Long-term debt at September 30, 2021		
$	2 830 000	
$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.	$	2,830,000	
Bond Discount, Net	(35,806)	

Bonds Payable, Net	
$	2,794,194	

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2021 NOTE F - LONG-TERM DEBT (CONTINUED)
The annual requirements to amortize the principal and interest of bonded debt outstanding as of
September 30, 2021 are as follows:

Year Ending
September 30,	 	Principal	Interest

 	Total	

2022	$	185,000	$	127,236	$	312,236	
2023	190,000	118,320	308,320	
2024	200,000	110,092	310,092	
2025	205,000	101,467	306,467	
2026	215,000	92,295	307,295	
2027-2031	1,255,000	301,318	1,556,318	

2032-2033	 	580,000	35,239
Totals	 $	2,830,000	 $	885,967 

 	615,239 
$	3,715,967

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, 2021:

Reserve
 	Balance	

Reserve Requirement

Series 2013	$  156,009	 i	156.009 

Narcoossee Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2021

NOTE G - INTERFUND ACTIVITY

lnterfund transfers for the year ended September 30, 2021, consisted of the following:

 Transfers In	
Capital Projects Funds

Transfers Out
General Fund
$	62,497

Transfers from the General Fund to the Capital Projects Funds were made to fund future capital project expenditures.

NOTE H - 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. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

.	DRAFT

INDEPENDENT AUDITORS' 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 Orlando, 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, 2021, and the related notes to the financial statements, and have issued our report thereon dated March XX, 2022.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered Narcoossee Community Development District's internal control over financial reporting (internal control) as a basis for designing 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.

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 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.

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 XX, 2022

MANAGEMENT LETTER

To the Board of Supervisors
Narcoossee Community Development District Orlando, 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, 2021, and have issued our report thereon dated March XX, 2022.

Auditor's Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor's Report on an examination conducted in accordance with A/CPA Professionals Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures  in those reports, which are dated March XX, 2022, 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.

To the Board of Supervisors
Narcoossee Community Development District

Pursuant to Sections 10.554(1)(i)5.b. 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, 2021.

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.

Specific Information
The information below was provided by management and has not been audited by us; therefore, we do not express an opinion or provide any assurance on the information.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, Narcoossee Community Development District reported:

The total number of district employees compensated in the last pay period of the District's fiscal year: N/A
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District's fiscal year: The District paid 8 nonemployee independent contractors in September 2021.
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency: $3,800.
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency: The District paid $336,732 to nonemployee independent contractors.
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1, 2020, together with the total expenditures for such project: The District has no construction projects at this time.
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final adopted budget under Section 189.016(6), Florida Statutes: The District did not amend the original budget.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)8, Rules of the Auditor General, the Narcoossee Community Development District reported:

The rate or rates of non-ad valorem special assessments imposed by the District. The General Fund assessment was $254.88-$558.17 and the Debt Service assessment was
$240.91-$566.13
Total Special Assessments collected was $651,561.
The total amount of outstanding bonds issued by the District and the terms of such bonds. The District had outstanding bonds at September 30, 2021 of $2,830,000Series 2013A and 2013A-2 Bonds maturing in 2033.

To the Board of Supervisors
Narcoossee Community Development District

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 XX, 2022

INDEPENDENT ACCOUNTANTS' REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Narcoossee Community Development District Orlando, Florida

We have examined Narcoossee Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2021. 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, 2021.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida March XX, 2022

SECTION VIII

NON-AD VALOREM ASSESSMENT ADMINISTRATION AGREEMENT

An AGREEMENT made this pt day of October 2021 between AMY MERCADO, MBA, as Orange County Property Appraiser (Property Appraiser) and Narcoossee CDD, (Taxing Authority), and is effective upon acceptance by both parties and through September 30, 2022.

The Taxing Authority desires to use the services of the Property Appraiser to maintain non-ad valorem assessments on the tax roll and the Property Appraiser is prepared to  do so, on behalf of the Taxing Authority . 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 Taxing Authority for the 2021 tax rol I year using data provided annually to the Property Appraiser's Office by the Taxing Authority per attached Calendar for Implementation 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.

Receive 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 Authority.

Include the 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 statutory deadline for certification of non-ad valorem assessments.

Deliver the Taxing 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 within 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 pt day of October 2021 an administrative fee will be invoiced to the Taxing Authority equivalent to $0 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, will 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 this Agreement not held 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
Jason Showe
Governmental Management Services 1408 Hamlin Avenue, Unit E
St. Cloud, FL 34771 jshowe@gmscfl.com (407)841-5524 x108

Notices to the Property Appraiser shall be addressed to: Carmen Crespo, Director, Accounting and Finance Orange County Property Appraiser
200 S. Orange Ave., Suite 1700
Orlando, FL 32801 ccrespo@ocpafl.org (407)836-5353

TERMINATION. This Agreement may be terminated by either  party  upon  written notice. Property Appraiser will perform no  further  work  after  the  written  termination notice is received.

ORANGE COUNTY PROPERTY APPRAISER

S.IQ ned

Amy Mercado (Feb 2, 202217:43 EST}
AMY MERCADO, MBA

Date Feb 2, 2022

NARCOOSSEE CDD

Name Jason M Showe

Signed 	n, SMW4.,

Date 1/28/22

CALENDAR FOR IMPLEMENTATION OF NON-AD VALOREM ASSESSMENTS

On or about April 1st , Property Appraiser to provide the Taxing Authority with an electronic 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 information 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.

June 1
Property  Appraiser   distributes   Best  Estimate	of Taxable Value to all Taxing Authorities.

July 1
Property Appraiser certifies Preliminary tax roll to all taxing autho rities.
Taxing Authority reviews all assessments and provides final 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.

August 4
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 a I public budget hearings.

September 15
·  Taxing  Authority  certifies  final  non-ad  valorem  assessment  roll  to  Property Appraiser on or before September 15 with 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 bill s.

Narcoossee CDD
Final Audit Report

FY21-22 Non-Ad Agreement
2022-02-02

Created:

2022-02-02

By:

Angela Rivera (arivera@ocpafl.org)

Status:

Signed

Transaction ID:

CBJCHBCAABAAjliniTvKBTONOclM-PcQRsmgN23rTq4u

"Narcoossee CDD - FY21-22 Non-Ad Agreement" History
'El Document created by Angela Rivera (arivera@ocpafl.org)
2022-02-02 - 2:57:46 PM GMT

Document emailed to Amy Mercado (amy.mercado@ocpafl.org) for signature
2022-02-02 - 2:58:18 PM GMT

'El Email viewed by Amy Mercado (amy.mercado@ocpa fl.org)
2022-02-02 -10:43:45 PM GMT

Document e-signed by Amy Mercado (amy.mercado@ocpafl.org)
Signature Date: 2022-02-02 - 10:43:58 PM GMT - Time Source: server

0 Agreement completed.
2022-02-02 - 10:43:58 PM GMT

Adobe Sign

SECTION IX

SECTION C

SECTION 1

Narcoossee
Community Development District
Summary of Check Register

November 9, 2021 to March 14, 2022

	Fund	Date	Check No.'s	Amount	

General Fund		
11/10/21	
2044 - 2045	
$	10,536.79	
		11/17/21	2046 - 2047	$	6,289.67	
		11/22/21	2048 - 2050	$	943.12	
		12/8/21	2051 - 2052	$	2,153.03	
		12/14/21	2053 - 2055	$	6,372.61	
		12/27/21	2056	$	104,568.25	
		1/7/22	2057	$	8,203.33	
		1/12/22	2058 - 2059	$	7,321.41	
		1/18/22	2060 - 2061	$	3,448.61	
		1/31/22	2062	$	9,123.61	
		2/7/22	2063	$	1,198.00	
		2/16/22	2064 - 2066	$	14,921.10	
		3/1/22	2067	$	1,653.57	
		3/4/22	2068	$	152,850.02	
		3/7/22	2069 - 2071	$	2,372.00	
		3/14/22	2072 - 2075	$	15,793.91	
				$	347,749.03	
			Total	$	347,749.03	

SECTION 2

Narcoossee
Community Development District

Unaudited Financial Reporting
February 28, 2022

Table of Contents

1	 	Balance Sheet	

2-3	
 	General Fund	

4	
 	Debt Service Fund Series 2013 A-1 & A-2	

5	
 	Capital Reserves Fund - Nona Preserve	

6	
 	Capital Reserves Fund - Parcels G&H	

7	
 	Capital Reserves Fund - Nona Crest	

8	
 	Capital Reserves Fund - La Vina	

9-10	
 	Month to Month	

11	
 	Long Term Debt	

12	
 	Assessment Receipt Schedule	

Totals
Governmental Funds

Capital Reserve
Funds

Debt Service
Fund

General
Fund

Combined Balance Sheet February 28, 2022

Assets:
Cash:
Operating Account
Capital Reserve Nona Preserve Capital Reserve Parcels G&H Capital Reserve Nona Crest Capital Reserve La Vina
Investments:
Custody - Excess Funds Series 2013 A-1/A-2
Reserve A-1 Prepayment A-1 Reserve A-2 Revenue
Excess Revenue Due from General Fund

$	382,907
$	-
$	-
$	-
$	-

$	27,210

$	-
$	-
$	-
$	-
$	-
$	-

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

$	-	$

$	104,321	$
$	691	$
$	51,289	$
$	261,383	$
$	0	$
$	152,850	$

-	$
45,933	$
74,006	$
91,327	$
51,863	$

-	$

-	$
-	$
-	$
-	$
-	$
-	$

382,907
45,933
74,006
91,327
51,863

27,210

104,321
691
51,289
261,383
0
152,850

Total Assets

$

410,116

$

570,535

$

263,129

$

1,243,780

Liabilities: Accounts Payable Due to Debt Service

$	3,637	$	-	$
$	152,850	$	-	$

-	$	3,637
-	$	152,850

Total Liabilites

$

156,487

$

-

$

-

$

156,487

Fund Balance:
Assigned for:
Capital Reserves - Nona Preserve Capital Reserves - Parcels G&H Capital Reserves - Nona Crest Capital Reserves - La Vina
Restricted for:
Debt Service Series 2013 A-1 & A-2 Unassigned

$	-
$	-
$	-
$	-

$	-
$	253,630

$	-	$
$	-	$
$	-	$
$	-	$

$	570,535	$
$	-	$

45,933	$
74,006	$
91,327	$
51,863	$

-	$
-	$

45,933
74,006
91,327
51,863

570,535
253,630

Total Fund Balances	$	253,630	$	570,535	$	263,129	$	1,087,294	
					
Total Liabilities & Fund Balance	$	410,116	$	570,535	$	263,129	$	1,243,780	

Revenues:		
Maintenance Assessments	$	315,353	$	255,187	$	255,187	$	-	
Interest Income	$	-	$	-	$	2	$	2	
Total Revenues	$	315,353	$	255,187	$255,190	$	2	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	6,000	$	2,500	$	1,800	$	700	
FICA Expense	$	459	$	191	$	138	$	54	
Engineering Fees	$	7,800	$	3,250	$	510	$	2,740	
Assessment Roll	$	5,000	$	5,000	$	5,000	$	-	
Attorney	$	12,000	$	5,000	$	2,888	$	2,112	
Annual Audit	$	2,895	$	-	$	-	$	-	
Dissemination Agent	$	1,250	$	521	$	521	$	(0)	
Arbitrage	$	600	$	-	$	-	$	-	
Trustee Fees	$	3,000	$	-	$	-	$	-	
Management Fees	$	46,971	$	19,571	$	19,571	$	0	
Information Technology	$	1,200	$	500	$	500	$	-	
Website Maintenance	$	1,200	$	500	$	500	$	-	
Telephone	$	25	$	10	$	-	$	10	
Postage	$	450	$	188	$	241	$	(53)	
Insurance	$	24,840	$	24,840	$	23,374	$	1,466	
Printing & Binding	$	200	$	83	$	3	$	80	
Legal Advertising	$	1,900	$	792	$	219	$	573	
Other Current Charges	$	2,000	$	833	$	439	$	394	
Property Appraiser	$	780	$	-	$	-	$	-	
Office Supplies	$	50	$	21	$	1	$	20	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Contingency	$	274	$	114	$	-	$	114	
Subtotal General & Administrative	$	119,069	$	64,090	$	55,879	$	8,210	

Operations & Maintenance:					
Nona Crest
Field Management	
$	4,289	
$	1,787	
$	1,787	
$	(0)	
Landscape Maintenance	$	26,053	$	10,855	$	8,517	$	2,339	
Irrigation Repairs	$	3,500	$	1,458	$	2,555	$	(1,097)	
Lake Maintenance	$	4,350	$	1,813	$	1,740	$	73	
Wall Repairs/Cleaning	$	2,500	$	1,042	$	-	$	1,042	
Feature Lighting	$	1,000	$	417	$	-	$	417	
Miscellaneous Common Area	$	1,224	$	510	$	785	$	(275)	
Subtotal Nona Crest	$	42,916	$	17,881	$	15,384	$	2,498	

La Vina
Field Management	
$	10,981	
$	4,575	
$	4,575	
$	(0)	
Landscape Maintenance	$	38,762	$	16,151	$	14,935	$	1,216	
Irrigation Repairs	$	10,500	$	4,375	$	4,142	$	233	
Lake Maintenance	$	4,573	$	1,905	$	1,855	$	50	
Utilities	$	8,340	$	3,475	$	2,244	$	1,231	
Wall Repairs/Cleaning	$	3,000	$	1,250	$	-	$	1,250	
Solvino Streetlighting	$	2,710	$	1,129	$	1,144	$	(15)	
Capri Streetlighting	$	3,850	$	1,604	$	1,627	$	(23)	
Miscellaneous Common Area	$	10,691	$	4,454	$	75	$	4,379	
Subtotal La Vina	$	93,406	$	38,919	$	30,597	$	8,322	

Nona Preserve
Field Management	

$	4,735	

$	1,973	

$	1,973	

$	(0)	
Landscape Maintenance	$	29,400	$	12,250	$	12,250	$	-	
Irrigation Repairs	$	3,480	$	2,423	$	2,423	$	-	
Lake Maintenance	$	4,200	$	1,750	$	1,750	$	-	
Miscellaneous Common Area	$	58	$	24	$	-	$	24	
Subtotal Nona Preserve	$	41,873	$	18,420	$	18,396	$	24	

Parcels G & H
Field Management	

$	2,828	

$	1,178	

$	1,178	

$	0	
Landscape Maintenance	$	13,687	$	5,703	$	5,315	$	388	
Lake Maintenance	$	1,575	$	656	$	645	$	11	
Subtotal Parcels G & H	$	18,090	$	7,538	$	7,138	$	399	
					
Total Expenditures	$	315,353	$	146,848	$	127,394	$	19,453	
					
Excess (Deficiency) of Revenues over Expenditures	$	0		$	127,795		

Other Financing Sources/(Uses):					
Capital Reserve Transfer Out	$	(32,846)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(32,846)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(32,846)		$	127,795		
					
Fund Balance - Beginning	$	32,846		$	125,835		
					
Fund Balance - Ending	$	0		$	253,630		

Narcoossee
Community Development District Debt Service Fund Series 2013
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/22	Thru 02/28/22	Variance	

Revenues:		
Assessments - Tax Roll	$	317,131	$	257,013	$	257,013	$	-	
Interest	$	100	$	42	$	10	$	(32)	
Total Revenues	$	317,231	$	257,055	$	257,023	$	(32)	

Expenditures:					
Series 2013 A-1
Interest - 11/1	
$	39,146	
$	39,146	
$	39,146	
$	-	
Principal - 5/1	$	130,000	$	-	$	-	$	-	
Interest - 5/1	$	39,146	$	-	$	-	$	-	
Series 2013 A-2
Interest - 11/1	
$	24,472	
$	24,472	
$	24,472	
$	-	
Principal - 5/1	$	55,000	$	-	$	-	$	-	
Interest - 5/1	$	24,472	$	-	$	-	$	-	
Total Expenditures	$	312,236	$	63,618	$	63,618	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,995		$	193,405		
					
Fund Balance - Beginning	$	211,305		$	377,130		
					
Fund Balance - Ending	$	216,300		$	570,535		

Revenues		
Interest	$	-	$	-	$	2	$	2	
Total Revenues	$	-	$	-	$	2	$	2	

Expenditures:				
Capital Projects	$	2,500	$	-	$	-	$	-	
Contingency	$	-	$	-	$	174	$	(174)	
Total Expenditures	$	2,500	$	-	$	174	$	(174)	
				
Excess (Deficiency) of Revenues over Expenditures	$	(2,500)	$	(172)		

Other Financing Sources/(Uses)				
Transfer In/(Out)	$	25	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	25	$	-	$	-	$	-	
				
Net Change in Fund Balance	$	(2,475)	$	(172)		
				
Fund Balance - Beginning	$	45,363	$	46,105		
				
Fund Balance - Ending	$	42,889	$	45,933		

Revenues				
Interest	$	-	$	-	$	3	$	3	
Total Revenues	$	-	$	-	$	3	$	3	

Expenditures:				
Capital Projects	$	2,000	$	-	$	-	$	-	
Contingency	$	-	$	-	$	174	$	(174)	
Total Expenditures	$	2,000	$	-	$	174	$	(174)	
				
Excess (Deficiency) of Revenues over Expenditures	$	(2,000)	$	(171)		

Other Financing Sources/(Uses)				
Transfer In/(Out)	$	8,889	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	8,889	$	-	$	-	$	-	
				
Net Change in Fund Balance	$	6,889	$	(171)		
				
Fund Balance - Beginning	$	69,436	$	74,177		
				
Fund Balance - Ending	$	76,325	$	74,006		

Revenues		
Interest	$	-	$	-	$	4	$	4	
Total Revenues	$	-	$	-	$	4	$	4	

Expenditures:					
Capital Projects	$	2,500	$	1,900	$	1,900	$	-	
Contingency	$	-	$	-	$	174	$	(174)	
Total Expenditures	$	2,500	$	1,900	$	2,074	$	(174)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(2,500)		$	(2,070)		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	5,267	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	5,267	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	2,767		$	(2,070)		
					
Fund Balance - Beginning	$	93,483		$	93,397		
					
Fund Balance - Ending	$	96,251		$	91,327		

Narcoossee
Community Development District Capital Reserve Fund - La Vina
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/22	Thru 02/28/22	Variance	

Revenues		
Interest	$	-	$	-	$	2	$	2	
Total Revenues	$	-	$	-	$	2	$	2	

Expenditures:				
Capital Projects	$	2,500	$	-	$	-	$	-	
Repairs and Maintenance	$	32,000	$	-	$	-	$	-	
Stormwater Cleanup	$	-	$	-	$	15,230	$	(15,230)	
Contingency	$	-	$	-	$	174	$	(174)	
Total Expenditures	$	34,500	$	-	$	15,404	$	(15,404)	
				
Excess (Deficiency) of Revenues over Expenditures	$	(34,500)	$	(15,402)		

Other Financing Sources/(Uses)				
Transfer In/(Out)	$	18,666	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	18,666	$	-	$	-	$	-	
				
Net Change in Fund Balance	$	(15,834)	$	(15,402)		
				
Fund Balance - Beginning	$	54,643	$	67,265		
				
Fund Balance - Ending	$	38,809	$	51,863		

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Maintenance Assessments	$	-	$	19,112	$	84,311	$	124,828	$	26,937	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 255,187	
Interest Income	$	0	$	0	$	1	$	0	$	0	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2	

Total Revenues	$	0    $	19,113    $	84,312    $	124,828     $	26,937    $	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 255,190

Expenditures:

General & Administrative:		
Supervisor Fees	$	1,000	$	800	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	1,800	
FICA Expense	$	77	$	61	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	138	
Engineering Fees	$	510	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	510	
Assessment Roll	$	5,000	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	5,000	
Attorney	$	169	$	1,800	$	550	$	369	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	2,888	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Dissemination Agent	$	104	$	104	$	104	$	104	$	104	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	521	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Management Fees	$	3,914	$	3,914	$	3,914	$	3,914	$	3,914	$	-    $	-    $	-    $	-    $	-    $	-    $	-    $	19,571	
Information Technology	$	100	$	100	$	100	$	100	$	100	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	500	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	500	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Postage	$	9	$	214	$	4	$	2	$	10	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	241	
Insurance	$	23,374	$	-	$	-	$	-	$	-	$	-    $	-    $	-    $	-    $	-    $	-    $	-    $	23,374	
Printing & Binding	$	1	$	-	$	-	$	-	$	2	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	3	
Legal Advertising	$	219	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	219	
Other Current Charges	$	92	$	99	$	99	$	85	$	65	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	439	
Property Appraiser	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Office Supplies	$	0	$	-	$	0	$	0	$	0	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	1	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	175	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Subtotal General & Administrative	$	34,844	$	7,193	$	4,872	$	4,675	$	4,296	$	-    $	-    $	-    $	-    $	-    $	-    $	-    $	55,879	

Operations & Maintenance							
Nona Crest
Field Management	

$	357	

$	357	

$	357	

$	357	

$	357	

$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	1,787	
Landscape Maintenance	$	1,703	$	1,703	$	1,703	$	1,703	$	1,703	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	8,517	
Irrigation Repairs	$	777	$	-	$	464	$	1,313	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	2,555	
Lake Maintenance	$	348	$	348	$	348	$	348	$	348	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	1,740	
Wall Repairs/Cleaning	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Feature Lighting	$	-	$	-	$	-	$	-	$	-	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	-	
Miscellaneous Common Area	$	-	$	-	$	-	$	-	$	785	$	-    $	-     $	-    $	-     $	-    $	-     $	-     $	785	
Subtotal Nona Crest	$	3,186	$	2,409	$	2,873	$	3,722	$	3,194	$	-    $	-    $	-    $	-    $	-    $	-    $	-    $	15,384	

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
La Vina
Field Management	
$	915	
$	915	
$	915	
$	915	
$	915	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	4,575	
Landscape Maintenance	$	2,987	$	2,987	$	2,987	$	2,987	$	2,987	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	14,935	
Irrigation Repairs	$	2,140	$	309	$	48	$	705	$	940	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	4,142	
Lake Maintenance	$	369	$	369	$	369	$	369	$	380	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,855	
Utilities	$	574	$	521	$	386	$	415	$	349	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,244	
Wall Repairs/Cleaning	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Solvino Streetlighting	$	228	$	228	$	228	$	230	$	230	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,144	
Capri Streetlighting	$	324	$	324	$	324	$	327	$	327	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,627	
Miscellaneous Common Area	$	-	$	-	$	75	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	75	
Subtotal La Vina	$	7,537	$	5,653	$	5,332	$	5,948	$	6,128	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	30,597	

Nona Preserve
Field Management	

$	395	

$	395	

$	395	

$	395	

$	395	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	1,973	
Landscape Maintenance	$	2,450	$	2,450	$	2,450	$	2,450	$	2,450	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	12,250	
Irrigation Repairs	$	1,677	$	544	$	215	$	202	$	(215)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,423	
Lake Maintenance	$	350	$	350	$	350	$	350	$	350	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,750	
Miscellaneous Common Area	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Subtotal Nona Preserve	$	4,872	$	3,738	$	3,410	$	3,396	$	2,980	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	18,396	

Parcels G & H
Field Management	

$	236	

$	236	

$	236	

$	236	

$	236	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	1,178	
Landscape Maintenance	$	1,063	$	1,063	$	1,063	$	1,063	$	1,063	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,315	
Lake Maintenance	$	131	$	131	$	131	$	131	$	120	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	645	
Subtotal Parcels G & H	$	1,430	$	1,430	$	1,430	$	1,430	$	1,419	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	7,138	
														
Total Expenditures	$	51,869	$	20,422	$	17,916	$	19,171	$	18,016	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 127,394	
														
Excess Revenues (Expenditures)	$	(51,869)	$	(1,310)	$	66,395	$	105,657	$	8,921	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 127,795	

Other Financing Sources/Uses:														
Capital Reserve Transfer Out	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
														
Net Change in Fund Balance	$	(51,869)	$	(1,310)	$	66,395	$	105,657	$	8,921	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 127,795	

SERIES 2013A-2, SPECIAL ASSESSMENT REFUNDING BONDS

Narcoossee

SERIES 2013A-1, SPECIAL ASSESSMENT REFUNDING BONDS

Community Development District LONG TERM DEBT REPORT

MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	5/1/2033
50% OF MAXIMUM ANNUAL DEBT SERVICE
$104,321	
RESERVE FUND BALANCE	$104,321	

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)	
LESS: PRINCIPAL PAYMENT 5/1/20	($125,000)	
LESS: PRINCIPAL PAYMENT 5/1/21	($125,000)	
CURRENT BONDS OUTSTANDING	$1,955,000	

MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	5/1/2033
50% OF MAXIMUM ANNUAL DEBT SERVICE
$51,289	
RESERVE FUND BALANCE	$51,289	

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)	
LESS: PRINCIPAL PAYMENT 5/1/20	($50,000)	
LESS: PRINCIPAL PAYMENT 5/1/21	($50,000)	
CURRENT BONDS OUTSTANDING	$875,000	

Narcoossee
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2022

ON ROLL ASSESSMENTS

Gross Assessments	$ Net Assessments	$

335,455.07     $
315,327.77     $

337,855.13     $
317,583.82     $

673,310.20
632,911.59

49.82%	50.18%	100.00%

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	Series 2013 Debt Service	
Total	

11/8/21	
#1	
$2,269.14	
$0.00	
($110.65)	
$0.00	
$2,158.49	
$1,075.40	
$1,083.09	
$2,158.49	
11/15/21	#2	$9,964.65	$0.00	($398.56)	$0.00	$9,566.09	$4,766.00	$4,800.09	$9,566.09	
11/22/21	#3	$27,746.10	$0.00	($1,109.81)	$0.00	$26,636.29	$13,270.67	$13,365.62	$26,636.29	
12/06/21	#4	$27,070.05	$0.00	($1,082.74)	$0.00	$25,987.31	$12,947.34	$13,039.97	$25,987.31	
12/13/21	#5	$133,040.03	$0.00	($5,321.48)	$0.00	$127,718.55	$63,631.64	$64,086.91	$127,718.55	
12/20/21	#6	$16,157.37	$0.00	($646.26)	$8.41	$15,519.52	$7,732.10	$7,787.42	$15,519.52	
01/14/22	#7	$260,987.47	$0.00	($10,438.99)	$0.00	$250,548.48	$124,827.69	$125,720.79	$250,548.48	
02/14/22	#8	$48,854.07	$0.00	($1,954.04)	$0.00	$46,900.03	$23,366.43	$23,533.60	$46,900.03	
02/23/22	#9	$7,442.63	$0.00	($276.91)	$0.00	$7,165.72	$3,570.09	$3,595.63	$7,165.72	
	TOTAL	$	533,531.51	$	-	$	(21,339.44)	$	8.41	$	512,200.48	$	255,187.36	$	257,013.12	$	512,200.48	

Net Percent Collected
Balance Remaining to Collect

81%
120,711.11

$