Wynnfield Lakes
Community Development District

March  20, 2019

Wynnfield Lakes
Community Development District
475 West Town Place, Suite 114, St. Augustine, Florida 32092 Phone: 904-940-5850 - Fax: 904-940-5899
March 13, 2019 Board of Supervisors
Wynnfield Lakes Community Development District
Dear Board Members:
The Board of Supervisors meeting of the Wynnfield Lakes Community Development District will be held Wednesday, March 20, 2019 at 6:00 p.m. at the University of North Florida, University Center, 12000 Alumni Drive, Room 1090, Jacksonville, Florida. Following is the advance agenda for this meeting:

Roll Call
Audience Comments
Approval of Minutes of the January 16, 2019 Meeting
Discussion of Policies Related to Recreation Field Use
Acceptance of the Fiscal Year 2018 Audit Report
Discussion of Proposed Fiscal Year 2020 Budget
Staff Reports
District Counsel
District Engineer
District Manager
Operations Manager – Memorandum
Amenity Manager
Audience Comments / Supervisors’ Requests
Financial Reports
Approval of Check Register
Balance Sheet & Income Statement
Special Assessment Receipt Schedule
Next Scheduled Meeting – May 15, 2019 @ 6:00 p.m. at the University of North Florida, University Center, 12000 Alumni Drive, Room 1090, Jacksonville, FL 32224
Adjournment

Enclosed for your review and approval are the minutes of the January 16, 2019 meeting.

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

The sixth order of business is discussion of the proposed Fiscal Year 2020 budget. A copy of the budget is enclosed for your review.

Enclosed for your review and approval are the check register, balance sheet and income statement, and special assessment receipt schedule.

The balance of the agenda is routine in nature and staff will present their reports at the meeting. In the meantime if you have any questions, please contact me.

Sincerely,
Daniel Laughlin
Daniel Laughlin District Manager

AGENDA

Wynnfield Lakes Community Development District
Agenda

Wednesday	University of North Florida
March 20, 2019	University Center
6:00 p.m.	12000 Alumni Drive, Room 1090
Jacksonville, Florida
Call In # 1-800-264-8432 Code 733334
www.wynnfieldlakescdd.com

Roll Call

Audience Comments

Approval of Minutes of the January 16, 2019 Meeting

Discussion of Policies Related to Recreation Field Use

Acceptance of the Fiscal Year 2018 Audit Report

Discussion of Proposed Fiscal Year 2020 Budget

Staff Reports
District Counsel

District Engineer

District Manager

Operations Manager – Memorandum

Amenity Manager

Audience Comments / Supervisors’ Requests

Financial Reports
Approval of Check Register

Balance Sheet & Income Statement

Special Assessment Receipt Schedule

Next Scheduled Meeting – May 15, 2019 @ 6:00 p.m. at the University of North Florida, University Center, 12000 Alumni Drive, Room 1090, Jacksonville, FL 32224

Adjournment

MINUTES

MINUTES OF MEETING
WYNNFIELD LAKES COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Wynnfield Lakes Community Development District was held Wednesday, January 16, 2019 at 6:00 p.m. at the University of North Florida, University Center, 12000 Alumni Drive, Room 1090, Jacksonville, Florida.

Present and constituting a quorum were:

Dr. Kristi Sweeney	Chairman
Luis Diaz-Rodriguez	Supervisor
Kate Priddy	Supervisor
Claire Marsh	Supervisor
Sharon Thomaszfski	Supervisor Also present were:
Daniel Laughlin	District Manager
Don Craig	District Engineer
Jason Walters	District Counsel
Chris Hall	Riverside Management Services

The following is a summary of the discussions and actions taken at the January 16, 2019 meeting. A copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Laughlin called the meeting to order at 6:00 p.m.

SECOND ORDER OF BUSINESS	Audience Comments
Mr. Laughlin stated Goosemasters is here to talk about the egg program so we’re going to let them speak first.
The Goosemasters representative stated we wanted to make everyone aware that the association has pulled the permit for Wynnfield Lakes and that takes care of all of the common areas. Any eggs or nesting that goes on we do what’s called “paddle” the eggs or if they are faced with endangerment we will pick the nest up. We will not go on landowner’s property without an email from them but if you do have a nest on property we will take care of it with your permission. I would highly recommend not getting near them because they are very

dangerous when there is a nest in the area. The nesting season runs from the first of March through June so we will keep watching all of the eggs. It’s a way of controlling the population legally. We also want to talk about feeding the geese. Feeding geese creates a problem called “angel wings” or “droop wing”. You had one goose out there that could not fly. In fact, a lot of people saw it and came up to it and when it would run it would tumble and fall over. We now have that goose where it can fly a little. There is a Florida Statute on feeding geese so it is against the law. People need to be aware there are fines that can come with feeding geese. Marsh Landing imposed a fine and put a lien on one resident’s house until she paid it.
Dr. Sweeney asked would that be the HOA’s responsibility?
Mr. Walters stated I won’t complicate it with the analysis of why the CDD can’t do that but the HOA could.
Dr. Sweeney stated I would recommend we have Richard send an email out to let residents know. We’ve sent notices out before but I think because we are spending money to do this it would be good to provide them a little more information. I think if it’s known how it affects the geese they might think twice about it.
A resident asked is it going to take three years to get rid of them?
The Goosemasters representative responded you’re never going to get rid of them completely. We’re going to cut the numbers down. Since we’ve been here we’ve seen a substantial drop in numbers because we count regularly. We’re not on your site 24/7 so what we try to do is control it the best that we can.

THIRD ORDER OF BUSINESS	Organizational Matters
Consideration of Resolution 2019-01 Declaring a Vacancy for Seats 2 and 4
Mr. Walters stated by Statute you have terms for all of the seats and there are occasions where no one will run for a particular seat that is expiring. When that happens, the existing supervisor will remain in that seat and it says by Statute the Board will declare the vacancy, so that is what the resolution is for. In terms of the two seats that no one qualified for, by law Supervisor Stanley and Supervisor Sweeney are still in those seats but the Board will declare this vacancy and then they have the authority to fill those vacancies by a motion to appoint. The qualifications are you have to be a registered voter residing within the District.

On MOTION by Dr. Sweeney seconded by Mr. Rodriguez with all in favor Resolution 2019-01 was approved.

Consideration of Appointing New Supervisors
Mr. Laughlin stated I received an email from a resident expressing interest in filling the vacancy so we will open it up to questions. Dr. Sweeney is also interested.
Ms. Thomaszfski stated I have an Associates Degree in programming and a four-year degree in communications. I served as Secretary on two different HOA boards when I lived in Myrtle Beach and I am a registered voter.

On MOTION by Dr. Sweeney seconded by Ms. Priddy with all in favor appointing Sharon Thomaszfski to fill seat number two was approved.

On MOTION by Ms. Marsh seconded by Ms. Priddy with all in favor appointing Dr. Kristi Sweeney to fill seat number four was approved.

Oath of Office for Newly Appointed Supervisors
Mr. Laughlin administered an oath of office to Ms. Thomaszfski and Dr. Sweeney.
Consideration of Resolution 2019-02, Designating Officers
Mr. Laughlin stated currently Dr. Sweeney is the Chairperson, Terry was the Vice Chairman and all other supervisors are Assistant Secretaries. Of my office, Dave deNagy is Secretary, James Perry is Treasurer and Assistant Secretary and James Oliver, Patti Powers and Rich Hans are Assistant Secretaries for document signing purposes.
Mr. Walters stated the two key questions are Chair and Vice Chair. Obviously, we lost our Vice Chair so we can either do it my motion on each one or if it’s the will of the Board that Dr. Sweeney remain Chair we can seek an appointment for Vice Chair and then we will fill in the rest of the resolution accordingly.
Mr. Diaz-Rodriguez stated I would like to submit my name for Vice Chair and the strength of my suggestion is I’ve been on the Board longer than the other members.

On MOTION by Mr. Diaz-Rodriguez seconded by Dr. Sweeney with all in favor Mr. Diaz-Rodriguez serving as Vice Chair was approved.

Mr. Laughlin stated since Dave deNagy is now retired I would ask that I serve as Secretary and we will have Dave on as Assistant Secretary.

On MOTION by Dr. Sweeney seconded by Ms. Thomaszfski with all in favor Mr. Laughlin serving as Secretary and Mr. deNagy serving as Assistant Secretary was approved.

On MOTION by Ms. Marsh seconded by Ms. Priddy with all in favor Dr. Sweeney serving as Chair was approved.

On MOTION by Ms. Marsh seconded by Ms. Priddy with all in favor Resolution 2019-02 with all remaining position remaining the same was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the November 14,
2018 Meeting

On MOTION by Dr. Sweeney seconded by Mr. Diaz-Rodriguez with all in favor the minutes of the November 14, 2018 meeting were approved.

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

SIXTH ORDER OF BUSINESS	Staff Reports
District Counsel
Mr. Walters stated you have in front of you a couple of letters for information purposes. The first letter is from the Fowler, Hein, Cheatwood & Williams law firm. He essentially represents the owner of the multi-family property within the District. There is some history going back there and I’ve tried to briefly summarize it in my response letter, but when the community was master-planned it was a single family product and then a condo/townhouse type product so it was always an ownership based model. There weren’t going to be any “rental” properties within

the community. That property was developed, got sold and sold again so it changed ownership a few times and at some point they applied to the County for a land-use change from a condo product to an apartment product and that’s not something we have any authority in and the County approved that. Throughout the years we’ve tried to cooperate with them and to the extent possible not use words like apartment or rental on the signage and things like that. At one point they came to us to get an easement for placing a sign advertising the available units and we said at that time we were okay with as long as they didn’t use those type of words. It was nothing we could force on them; it was just in the spirit of cooperation. As you can see from his letter they’ve come to the District a few times over signage but they are planning to put the word apartments on their signage. If you look through his letter he’s correct in term of the sign is on their property and we don’t have any authority over that. If he has gone through the property channels of the HOA and to the extent it was approved, there is nothing we can do about it but I did feel the need to respond to his letter so you’ll see my response behind his letter. It’s more for informational purposes and I took some liberties to vent some of my own frustrations from the years of dealing with this issue to try and say there’s nothing we can do to stop them, but it certainly will be something the Board will consider in the future. It’s up to the Board obviously but I felt it was at least worth a response to state our position.
Dr. Sweeney stated I know I’ve looked at three different signs since I’ve been on the Board. Is it possible to ask that they provide documentation of the approval by the HOA?
Mr. Walters stated the HOA can drop the hammer. The HOA has the authority here, not the CDD and that’s why I copied the HOA representative on the letter. I made it clear they need HOA approval for the signage. Whether they’ve done that or not, I can’t tell, but if they haven’t and the HOA takes exception to it, the HOA can certainly take action.
Mr. Diaz-Rodriguez stated the HOA has not been approached officially, either through our management company or directly.
Dr. Sweeney asked what happens if they do proceed?
Mr. Walters stated if they proceed and needed HOA approval and didn’t seek it, the HOA could certainly take action through whatever their enforcement procedures are. It’s really up to the HOA. Like I said, this is just informational and I just wanted you to be aware of the realities of the situation.

District Engineer
There being none, the next item followed.
District Manager
There being none, the next item followed.
Operation Manager’s Report - Memorandum
Mr. Hall stated the Yellowstone proposal you have in front of you is to repair everything that is in the pond erosion report, except for the repair on the homeowner’s property that we are splitting the cost with.
Mr. Laughlin stated we ended up approving an amount not to exceed $5,000 for the erosion repairs at the last meeting but it ended up coming in just under so we had to bring it back for approval.

On MOTION by Dr. Sweeney seconded by Ms. Marsh with all in favor the Yellowstone proposal for pond erosion repairs in an amount not to exceed $5,195 was approved.

Mr. Hall stated Richard and I have been trying to figure out the best way to get a bigger screen for the dive-in movies. Some of the palm trees around the pool deck are dying so we’d like to remove some of them and we will fill it in with rubber mulch. Richard will have proposals at the next meeting. At the last meeting it was brought up to put a backboard on the tennis courts. I’ve found three different sizes, 8x8 for $1,675, 8x12 for $2,395, and 8x16 for $3,355. That does not include shipping and most companies charge about $750.
Mr. Diaz-Rodriguez stated in the past in places where I’ve worked they just got 3/4” plywood and attached it to the fence and it cost maybe $20 to do that. I can’t wrap my head around spending that much money. Look into the possibility.
Dr. Sweeney let’s table this for now. I didn’t expect it to cost that much.

Amenity Manager
Dr. Sweeney stated Richard is not here. We had an issue where a group of residents had a soccer team, they hired a coach, and it was brought to my attention that it was about $300 a kid. I happened to be working out in the fitness center and all these kids were knocking on the door asking to come in so I asked if they had a key and they said no, we don’t live here. I asked if the

coach had a key and they said no, he doesn’t live here. There were multiple practices so it was organized. I do think we have to address it for a couple reasons. Coastal Kicks made a proposal to us and we agreed as a Board to let them use CDD property. When that proposal was brought to the Board one of my fellow supervisors couldn’t believe that I would ask if they were going to give a portion of the amount that they were paying in case we need to maintain the field. The majority of what people are paying for with the fees is for field space or gym time and there is an additional liability. I spent $1,200 for JFC for my daughter for the year, but JFC spends $250,000 with the City to maintain the park. I don’t think we want to discourage people from using it. I do think there could be times Coastal Kicks could use it or if somebody wanted to host a soccer clinic as long as it comes to us for approval. There are a number of issues and then it gets concerning. I think to help Richard we need to address it. I do have a daughter that plays and I thought about her playing rec and it would have been easy for me, as a resident, to go out and find a coach and everybody pays half as much to the coach if we don’t pay for the field and the girls can just go and play but I don’t see that fair for a lot of reasons. The field then has more use and maintenance and we just put ourselves in a position where we’re scheduling the field and residents battling for field space.
Mr. Walters stated I have communities with expensive fields with very organized systems. I think they have close to ten fields and the programs all contribute in excess of $15,000 a year because with that much use you have to re-sod the fields every few years. Part of the issue is use versus exclusive use, meaning if someone is covering the field no one else in the community can use it. If you have organized sports play you have to maintain the field to some level. Part of it is just come and speak to us and let’s be coordinated. We’ve been reasonable with other groups. We’ve given Coastal Kicks permission for certain times so if you go out at the same time we’ve got a conflict. Richard was frustrated and in a tough spot in terms of “show me where I can’t do this” and they pointed to absurd examples such as cricket on the tennis court. The question is do we look at our policies and have a prohibition against organized use unless you come to the Board for approval.
Dr. Sweeney stated I think if we had a statement that anything that’s organized and commercial that more than 30% of the participants don’t live in the neighborhood.
A resident stated when Richard emailed me I asked if we could apply similar rules as the pool. You can bring four or five guests to the pool so if that ratio were to stay the same for a

practice it’s in the same spirit that not every single kid has to live here. Richard was looking for a standard rule.
Mr. Walters stated you want to have community involvement and have the kids in the neighborhood to go and play. What you don’t want is a guy who has one kid in the neighborhood who is charging $400 a kid and making $5,000 off this and he’s just using your field because it’s there. It’s hard to find that balance.
Ms. Thomaszfski asked are we getting anything from Coastal Kicks right now? Mr. Diaz-Rodriguez responded no we’re not.
Dr. Sweeney stated we agreed we would allow the program and we would re-evaluate so we re-evaluated and we didn’t spend any more and we got a great response from the neighbors about it.
A resident stated Coastal Kicks is just once a week.
Ms. Thomaszfski stated but they park in the parking lot, use the trash bins and the bathrooms so that’s quite a bit of maintenance.
Mr. Hall stated that’s Richard’s concern. Before the meeting I went up to the amenity center and the parking lot was full and Coastal Kicks was having practice. It kind of discourages residents that are there and if it’s in the spring or summer it’s going to get full.
Dr. Sweeney asked could Richard determine what is reasonable use and send something to the Board if needed?
Mr. Walters stated again, it puts Richard in a tough spot because he’s now the arbiter of what is reasonable use and I wouldn’t want to be that judge either. The question is really do we want some sort of policy on this. It’s not something we would define tonight; we would come back with that. He’s had some other suggestions on other things so maybe we bring it all at once. We will have staff put our heads together and we will bring that back at the next meeting.
A resident asked for permission to use the field for intermittent football practice for the next two months. The Board discussed the request and decided to allow the request and noted a policy will be put in place in the future.

On MOTION by Dr. Sweeney seconded by Ms. Priddy with all in favor granting the resident’s request to allow use of the recreation field for sports practice until the next meeting was approved.

Mr. Rodriguez stated there are also issues with swim and tennis lessons. Mr. Walters stated that will all be covered under the same proposal.
Mr. Diaz-Rodriguez stated speaking of the tennis courts; the lights are on all the time.
Dr. Sweeney stated can we ask the security guard to check it since he’s there at various hours and report back.
Mr. Diaz-Rodriguez asked what exactly is Lake Doctors supposed to be doing?
Mr. Laughlin responded water treatment. They keep things like algae blooms from happening and stock it with carp if needed.
Mr. Diaz-Rodriguez asked does that include trash around the lakes? Mr. Hall responded they do not pick up trash. RMS does that.
Mr. Diaz-Rodriguez stated there’s a plant that’s growing right on the edge of the lakes. Mr. Hall stated we’re seeing that so we can have Lake Doctors spray it.
Ms. Thomaszfski stated at our last HOA meeting some residents were complaining about trash in the lakes.
Mr. Laughlin stated Lake Doctors could do that they would probably just charge more on top of their monthly fee.
Dr. Sweeney stated find out how much Lake Doctors would charge and how much it would cost to have RMS pick up trash more than once a month.

SEVENTH ORDER OF BUSINESS	Audience Comments / Supervisor’s Requests
Mr. Laughlin stated we got a proposal to get the pond bank erosion fixed and we’re still trying to get a hold of the other resident because work has to be done on the property line. Ideally we could get the CDD and both homes to split the cost equally and we would need permission to go on their property, which the Bradford’s have already done. We’ve written up an agreement that they are reviewing. The other house is filled by renters apparently so we have to get a hold of the landlord.
Dr. Sweeney stated a resident sent me an email asking if we could change our policy on our gym hours. He likes to work out at 4:30 a.m. and we currently open at 5:00 a.m.
Mr. Hall stated that is what’s in the policies.
Mr. Walters stated the Board can set the hours to whatever they would like.

Dr. Sweeney stated I’d like to change the policy to open at 4:00 a.m. and close at midnight.

On MOTION by Dr. Sweeney seconded by Mr. Thomaszfski with all in favor changing the hours of the fitness center to 4:00 a.m.– 12:00 a.m. was approved.

Mr. Peter McCary, 11895 Wynnfield Lakes Circle, stated the water in the fitness center is spring water in the five gallons bottles that have to be replaced periodically. I don’t know if it would be a cost savings, but I know it would a savings in labor, to just replace that with water lines. The other thing is the toilet paper in the bathrooms are just a single-roll spindle and I think it would helpful to get the industrial ones that hold reserve paper. There were literally four different rolls of toilet paper in different levels of use sitting around when I went in there this morning.
Dr. Sweeney asked Mr. Hall to look into the requests.
Ms. Thomaszfski stated my question was more of a follow-up from the last meeting on the fitness equipment that may or may not be under warranty. Just leave Richard a note to follow-up on that.
Dr. Sweeney stated I had a neighbor ask about adding additional swings on the playground; specifically a second infant swing.
Mr. Hall stated I can look into the cost of that.
EIGHTH ORDER OF BUSINESS	Financial Reports
Approval of Check Register
Mr. Laughlin stated the total of the check run is $98,506.53. I will point out the insurance payment for FY19 was paid, which was a large sum, as well as the assessment roll administration fee, which was $5,000.

On MOTION by Ms. Priddy seconded by Dr. Sweeney with all in favor the Check Register was approved.

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

Special Assessment Receipt Schedule
Mr. Laughlin stated we are currently 96.5% collected.

NINTH ORDER OF BUSINESS	Next Meeting Scheduled – March 20, 2019,
6:00 p.m. at the University of North Florida, University Center, 12000 Alumni Drive, Room 1090, Jacksonville, FL 32224
Mr. Laughlin stated the next meeting will be March 20, 2019 at 6:00 p.m. at this location.

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Dr. Sweeney seconded by Ms. Thomaszfski with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

FIFTH ORDER OF BUSINESS

WYNNFIELD LAKES COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

WYNNFIELD LAKES COMMUNITY DEVELOPMENT DISTRICT TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

23-24	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

25	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
26-27	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Wynnfield Lakes Community Development District

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Wynnfield Lakes Community Development District (“District”) as of and for the fiscal year ended September 30, 2018, and the related notes to the 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 opinions 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 and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. 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 opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2018, and the respective changes in financial position, thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information 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, economic, 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 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 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 our report dated January 30, 2019, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. 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 the effectiveness of the District’s 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 the District’s internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requirements
We have also issued our report dated January 30, 2019, on our consideration of the District’s compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

January 30, 2019

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Wynnfield Lakes Community Development District (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2018. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets plus deferred outflows of resources at the close of the most recent fiscal year resulting in a net position balance of ($3,156,327).

The change in the District’s total net position in comparison with the prior fiscal year was
$130,296, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2018, the District’s governmental funds reported combined ending fund balances of $722,444, an increase of $52,365 in comparison with the prior fiscal year. The fund balance is non spendable for prepaid items, restricted for debt service, assigned for capital reserves and the remainder is unassigned fund balance.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows.  Thus, revenues  and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and debt service fund, which are considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A  budgetary  comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets plus deferred outflows of resources at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,
2018	2017
Current and other assets	$	757,977	$	696,878	
Capital assets, net of depreciation	 	2,404,995	2,587,558 	
Total assets	 	3,162,972	3,284,436 	
Deferred outflows of resources	 	251,985	261,741 	
Current liabilities	143,788	137,143	
Long-term liabilities	 	6,427,496	6,695,657 	
Total liabilities	 	6,571,284	6,832,800 	
Net position		
Net investment in capital assets	(3,770,516)	(3,846,358)	
Restricted	287,561	289,810	
Unrestricted	 	326,628	269,925 	
Total net position	  $	(3,156,327)   $	(3,286,623)	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used.

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE  FISCAL YEAR ENDED SEPTEMBER 30,
2018	2017

Revenues:
Program revenues
Charges for services	$	1,028,007	$	993,607	
Operating grants and contributions	6,871	2,917	
General revenues	 	7,316	4,449 	
Total revenues	 	1,042,194	1,000,973 	
Expenses:		
General government	98,252	114,427	
Maintenance and operations	539,427	525,133	
Interest	 	274,219	278,461 	
Total expenses	 	911,898	918,021 	
Change in net position	 	130,296	82,952 	
Net position - beginning	 	(3,286,623)	(3,369,575)	
Net position - ending	  $	(3,156,327)   $	(3,286,623)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2018 was $911,898. Program revenues, which were comprised of assessments in both the current and prior fiscal years, increased due mostly to an increase in the assessment levy.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2018.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2018, the District had $4,505,614 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $2,100,619 has been taken, which resulted in a net book value of $2,404,995. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2018, the District had $6,475,000 in Bonds outstanding. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Wynnfield Lakes Community Development District’s Finance Department at 5385 N Nob Hill Road, Sunrise, Florida 33351.

STATEMENT OF NET POSITION SEPTEMBER 30, 2018		
	Governmental	
	 	Activities		
ASSETS		
Cash	$	29,153	
Investments	332,518	
Accrued interest receivable	150	
Prepaid items	340	
Restricted assets:		
Investments	395,816	
Capital assets:		
Nondepreciable	400,000	
Depreciable	 	2,004,995 	
Total assets	 	3,162,972 	

DEFERRED AMOUNTS OF RESOURCES		
Deferred charge on refunding	 	251,985 	
Total deferred amounts of resources	 	251,985 	
LIABILITIES		
Accounts payable	35,533	
Accrued interest payable	108,255	
Non-current liabilities:		
Due within one year	260,000	
Due in more than one year	 	6,167,496 	
Total liabilities	 	6,571,284 	
NET POSITION		
Net investment in capital assets	(3,770,516)	
Restricted for debt service	287,561	
Unrestricted	 	326,628 	
Total net position	  $	(3,156,327) 	

See notes to the financial statements

STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Program Revenues Charges	Operating

Net (Expense) Revenue and Changes in Net Position

for		Grants and	Governmental Functions/Programs	 Expenses	Services	Contributions		Activities	 Primary government:
Governmental activities:

General government	$	98,252	$	98,252	$	-	$	
Maintenance and operations	539,427	403,554	-	

- (135,873)
Interest on long-term debt	 	274,219	526,201	6,871	258,853 
Total governmental activities	 	911,898	1,028,007	6,871	122,980 

General revenues:
Unrestricted investment earnings	3,737
Miscellaneous revenues	 	3,579 	
Total general revenues	 	7,316 	
Change in net position	130,296	
Net position - beginning	 	(3,286,623) 	
Net position - ending	  $	(3,156,327) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2018

 	Major Funds	
Debt
General	Service

Total Governmental Funds

ASSETS		
Cash	$	29,153	$	-	$	29,153	
Investments	332,518	395,816	728,334	
Accounts Receivable	150	-	150	
Prepaid items	 	340	-	340 
Total assets	 $	362,161	$	395,816	$	757,977 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable

  $	35,533	$	-	$	35,533 

Total liabilities	 	35,533	-	35,533 

Fund balances: Nonspendable:
Prepaid items
Restricted for:	340	-	340	
Debt service	-	395,816	395,816	
Assigned to:			
Capital reserves	189,721	-	189,721	
Unassigned	 	136,567	-	136,567 	
Total fund balances	 	326,628	395,816	722,444 	
Total liabilities and fund balances	  $	362,161	$	395,816	$	757,977 	

RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Fund balance - governmental funds	$	722,444 Amounts reported for governmental activities in the
statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes
those capital assets, net of accumulated depreciation, in the assets of the government as a whole.
Cost of capital assets	

4,505,614		
Accumulated depreciation	 	(2,100,619) 	2,404,995	
Deferred charges on refunding of long-term debt are shown as deferred outflows/inflows of resources in the government-wide financial statements; however, this amount is expensed in the governmental fund financial statements.		

251,985	
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund financial			
statements. All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(108,255)	
Unamortized original issue discount		47,504	
Bonds payable		 	(6,475,000)	(6,535,751) 	
Net position of governmental activities		  $	(3,156,327) 	

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

REVENUES

 	Major Funds	
Debt
General	Service

Total Governmental Funds

Assessments

$	501,806	$

526,201

$	1,028,007

Miscellaneous revenues	3,579	-	3,579
Interest	 	3,737	6,871	10,608 
Total revenues	 	509,122	533,072	1,042,194 

EXPENDITURES
Current:
General government	98,252	-	98,252	
Maintenance and operations	344,377	-	344,377	
Debt service:			
Principal	-	270,000	270,000	
Interest	-	264,713	264,713	
Capital outlay	 	12,487	-	12,487 
Total expenditures	 	455,116	534,713	989,829 

Excess (deficiency) of revenues

Transfer in/out	 	2,697	(2,697)	-		
Total other financing sources (uses)	 	2,697	(2,697)	-		
Net change in fund balances	56,703	(4,338)	52,365	
Fund balances - beginning	 	269,925	400,154	670,079 	
Fund balances - ending	  $	326,628	$	395,816	$	722,444 	

over (under) expenditures	54,006	(1,641)	52,365 OTHER FINANCING SOURCES (USES)

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of

$	52,365

activities are different because:		
Governmental funds report capital outlays as  expenditures;  however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.	

12,487	
Depreciation on capital assets is not recognized in  the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(195,050)	
Repayment of long-term liabilities are reported as  expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and  are eliminated in the statement of activities.	

270,000	
Amortization of the deferred amount on  refunding  is  not recognized in the governmental fund financial statements, but is reported as a component of interest expense in the statement of activities.	

(9,756)	
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(1,839)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement  of activities but not in the governmental fund financial statements.	

 	2,089 	
Change in net position of governmental activities	  $	130,296 	

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Wynnfield Lakes Community Development District ("District") was created on August 1, 2005 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by the City of Jacksonville, Florida Ordinance 2005-580-E. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board") which is composed of five members. The District conducts general elections based on property owners within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to 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.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating- type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. 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 considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets	Years	
Infrastructure - stormwater management	25	
Receration Facilities	20	
Landscaping/entry features	15	
Furniture, fixtures, & equipment	5-10	

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Refundings of Debt
For current refundings and advance refundings resulting in the defeasance of debt, the difference between the reacquisition price and the net carrying amount of the old debt is reported as a deferred outflow of resources and recognized ratably as a component of interest expense over the remaining life of the old debt or the life of the new debt, whichever is shorter. In connection with the refunding, $9,756 was recognized as a component of interest expense in the current fiscal year.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of  resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

Fund Equity/Net Position (Continued)
The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position  represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual  Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2018:

 	Maturities	Amortized Cost	Credit Risk	

US Bank Mmkt5-Ct	N/A	$150,134	Not available	
Fidelity Gov't Portfolio CL	Not available	395,816	AAAm S&P	
Florida Prime	33 days	 	182,384	AAAm S&P	
		  $	728,334 		

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

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

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level  1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

Investments (Continued)

External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2018, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – CAPITAL ASSETS

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

Governmental activities
Capital assets, not being depreciated	Beginning	Ending
 	Balance	Increases	Decreases	Balance		
Land and land improvements	  $	400,000	$	-	$	-	$	400,000 	
Total capital assets, not being depreciated	 	400,000	-	-	400,000 	
Capital assets, being depreciated Infrastructure - stormwater management	
1,440,975	-	-	1,440,975	
Receration Facilities	2,424,677	-	-	2,424,677	
Landscaping/entry features	174,796	-	-	174,796	
Furniture, fixtures, & equipment	 	52,679	12,487	-	65,166 	
Total capital assets, being depreciated	 	4,093,127	12,487	-	4,105,614 	
Less accumulated depreciation for: Infrastructure - stormwater management	
576,390	57,639	-	634,029	
Receration Facilities	1,205,976	121,234	-	1,327,210	
Landscaping/entry features	116,530	11,653	-	128,183	
Furniture, fixtures, & equipment	 	6,673	4,524	-	11,197 	
Total accumulated depreciation	 	1,905,569	195,050	-	2,100,619 	
Total capital assets being depreciated, net	 	2,187,558	(182,563)	-	2,004,995 	
Governmental activities capital assets, net	   $    2,587,558	$	(182,563)   $	-	$ 2,404,995 	

Depreciation expense for 2018 in the amount of $195,050 was charged to maintenance and operations.

In August 2014, the District issued $7,490,000 of Special Assessment Refunding Bonds, Series 2014. The 2014 Bonds are due May 1, 2036 with an interest rate ranging from 1.0% to 4.5%. The Bonds were issued to refund the District’s outstanding Special Assessment Bonds, Series 2005A and pay certain costs associated with the issuance of Bonds. Interest is paid semiannually on each May 1 and November
1. Principal on the Series 2014 Bonds is to be paid serially, commencing May 1, 2015.

The Series 2014 Bonds are subject to redemption at the option of the District, in whole or in part at a redemption price set forth in the Bond Indenture. The Series 2014 Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Payment of principal and interest on the 2014 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

Changes in long-term liability activity for the fiscal year ended September 30, 2018 were as follows:

Beginning

Ending

Due Within

 	Balance	Additions	Reductions	Balance	One Year	
Governmental activities

Series 2014

$	6,745,000	$

-	$	270,000

$    6,475,000	$

260,000

Less: Original Issuance Discount 	49,343	-	1,839	47,504	-	
Total	 $	6,695,657	$	-	$	268,161	$    6,427,496	$	260,000 

At September 30, 2018, the scheduled debt service requirements on the long-term debt were as follows:

Year ending	 	Governmental Activities	
     September 30,	Principal	Interest	Total	
2019	$	260,000	$	259,813	$	519,813	
2020	265,000	253,963	518,963	
2021	275,000	247,006	522,006	
2022	275,000	238,756	513,756	
2023	290,000	229,819	519,819	
2024-2028	1,640,000	978,231	2,618,231	
2029-2033	2,020,000	603,975	2,623,975	
2034-2036	 	1,450,000	132,525	1,582,525 
Total	 $	6,475,000	$	2,944,088	$	9,419,088 

NOTE 7– MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 8 – 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 costs of these risks; coverage may not extend to all situations. There were no settled claims since inception of the District.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Budgeted
 	Amounts		Actual

Variance with Final Budget - Positive

  Original & Final	Amounts	(Negative)	

REVENUES		
Special assessments	$	500,362	$	501,806	$	1,444	
Miscellaneous and investment income	 	315	7,316	7,001 	
Total revenues	 	500,677	509,122	8,445 	

EXPENDITURES
Current:
General government	111,488	98,252	13,236
Maintenance	404,516	344,377	60,139
Capital outlay	 	15,000	12,487	2,513 
Total expenditures	 	531,004	455,116	75,888 

Excess (deficiency) of revenues
over (under) expenditures	(30,327)	54,006	84,333

OTHER FINANCING SOURCES
Interfund transfer	54,882	2,697	(52,185)
Carry forward	 	159,465		-	(159,465) Total other financing sources	 	214,347	2,697	(211,650) 

Net change in fund balances

  $	184,020 

56,703	$

(127,317)

Fund balance - beginning	 	269,925 

Fund balance - ending	 $	326,628 

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual expenditures did not exceed appropriations for the fiscal year ended September 30, 2018.

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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

To the Board of Supervisors
Wynnfield Lakes Community Development District

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 the governmental activities and each major fund of Wynnfield Lakes Community Development District (“District”) as of and for the fiscal year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated January 30, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the 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 a 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.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and 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.

January 30, 2019

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Wynnfield Lakes Community Development District

We have examined Wynnfield Lakes Community Development District (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2018. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on 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. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2018.

This report 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, management, and the Board of Supervisors of Wynnfield Lakes Community Development District and is not intended to be and should not be used by anyone other than these specified parties.

January 30, 2019

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Wynnfield Lakes Community Development District

Report on the Financial Statements

We have audited the accompanying basic financial statements of Wynnfield Lakes Community Development District ("District") as of and for the fiscal year ended September 30, 2018, and have issued our report thereon dated January 30, 2019.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; 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 the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional 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 January 30, 2019, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

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, as applicable, management, and the Board of Supervisors of Wynnfield Lakes Community Development District and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Wynnfield Lakes Community Development District and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

January 30, 2019

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions  have  been taken to address findings  and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2017

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2018.

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 which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2018.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2018. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

SIXTH ORDER OF BUSINESS

Proposed Budget	
Fiscal Year 2020	

Wynnfield Lakes	
Community Development District	

March 20, 2019

Wynnfield Lakes	
Community Development District	

TABLE OF CONTENTS

Page #
General Fund

Budget	
Reserve Allocations	
Budget Narrative	

1-2	
3	
4-8	

Debt Service Fund

Series 2014	
Budget	
Amortization Schedule	

9	
10	

Capital Reserve Fund
Budget	11

Wynnfield Lakes	
Community Development District	

General Fund

Adopted		Actual		Projected		Total		Proposed	
Budget		Thru		Next		Projected		Budget	
 	FY 2019			 	2/28/2019			 	7 Months			 	9/30/2019			 	FY 2020		

 Description	

Revenues

Special Assessment - On Roll	
Clubhouse Income	
Interest Income	

$528,955	
$250	
$15	

$514,440	
$975	
$266	

$14,515	
$2,025	
$34	

$528,955	
$3,000	
$300	

$528,955	
$2,000	
$300	

 Total Revenues		 	$529,220 	$515,681 	$16,574 	$532,255 	$531,255 Expenditures

Administrative	
Supervisor Fees	
FICA Expense	
Engineering Fees	
Arbitrage (Grau)	
Trustee Fees (US Bank)	
Assessment Roll (GMS)	
Attorney Fees (HGS)	
Dissemination Agent (GMS)	
Annual Audit (Grau)	
Management Fees (GMS)	
Computer Time	
Travel & Per Diem	
Telephone	
Postage	
Printing & Binding	
Meeting Room	
Insurance (FIA)	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions (DCA)	

 	
$6,000	
$459	
$4,500	
$1,200	
$3,795	
$5,000	
$20,000	
$1,100	
$3,800	
$46,006	
$1,000	
$100	
$125	
$300	
$750	
$1,290	
$7,485	
$1,000	
$4,200	
$50	
$175	

 	
$2,200	
$168	
$1,387	
$0	
$0	
$5,000	
$2,729	
$467	
$3,200	
$19,169	
$417	
$0	
$87	
$62	
$256	
$430	
$6,759	
$160	
$1,061	
$11	
$175	

 	
$3,000	
$230	
$3,113	
$600	
$4,365	
$0	
$17,271	
$633	
$0	
$26,837	
$583	
$100	
$38	
$238	
$494	
$860	
$0	
$840	
$2,122	
$39	
$0	

 	
$5,200	
$398	
$4,500	
$600	
$4,365	
$5,000	
$20,000	
$1,100	
$3,200	
$46,006	
$1,000	
$100	
$125	
$300	
$750	
$1,290	
$6,759	
$1,000	
$3,183	
$50	
$175	

 	
$6,000	
$459	
$4,500	
$600	
$4,365	
$5,000	
$20,000	
$1,100	
$3,300	
$47,386	
$1,000	
$100	
$125	
$300	
$750	
$1,290	
$7,485	
$1,000	
$4,200	
$50	
$175	

 	    
 Total Administrative		 	$108,335 	$43,739 	$61,363 	$105,101 	$109,185 

Maintenance	
Insurance (FIA)	
Field Management (GMS)	
Amenity Center Management (RMS)	
Facility Attendants (RMS)	
Security Service/Monitoring (Giddens)	
General Facility Maintenance (RMS)	
Janitorial Service (RMS)	
Janitorial Supplies (RMS and Southeastern Paper)	
Fitness Center Supplies	
Pool Maintenance (Crystal Clean Pools)	
Pool Chemicals (Crystal Clean Pools)	

$8,366	
$21,000	
$51,424	
$10,320	
$33,250	
$19,500	
$8,755	
$3,500	
$0	
$12,500	
$7,000	

$7,605	
$8,750	
$21,427	
$0	
$14,232	
$7,897	
$3,648	
$803	
$0	
$4,500	
$446	

$0	
$12,250	
$29,997	
$10,320	
$19,018	
$11,603	
$5,107	
$2,697	
$0	
$6,300	
$6,554	

$7,605	
$21,000	
$51,424	
$10,320	
$33,250	
$19,500	
$8,755	
$3,500	
$0	
$10,800	
$7,000	

$8,366	
$21,630	
$52,967	
$10,320	
$33,250	
$19,500	
$8,755	
$3,500	
$1,000	
$12,500	
$7,000	

Wynnfield Lakes	
Community Development District	

General Fund

Adopted		Actual		Projected		Total		Proposed	
Budget		Thru		Next		Projected		Budget	
 	FY 2019			 	2/28/2019			 	7 Months			 	9/30/2019			 	FY 2020		

 Description	

Maintenance-Continued	
Landscape Maintenance (Yellowstone)	
Landscape Contingency	
Lake Maintenance (Lake Doctors)	
Irrigation Maintenance (Yellowstone)	
Repairs & Replacements	
Electric (JEA)	
Water & Sewer/Irrigation (JEA)	
Telephone/Internet & Cable (Comcast)	
Refuse Service (Republic Services)	
Stormwater User Fees	
Office Supplies / Mailings / Printings	
Permit Fees	
Special Events	
Recreation Passes	
Reserve Funding-CY	
Animal Control	
Contingency	

$55,904	
$23,700	
$9,900	
$3,000	
$30,000	
$16,500	
$25,000	
$3,200	
$6,500	
$1,140	
$1,250	
$1,500	
$10,000	
$500	
$42,176	
$0	
$15,000	

$20,793	
$2,340	
$3,850	
$740	
$8,732	
$5,438	
$6,867	
$1,489	
$3,200	
$0	
$428	
$912	
$4,469	
$0	
$42,176	
$6,300	
$2,966	

$35,110	
$21,360	
$6,290	
$2,860	
$21,268	
$11,062	
$18,133	
$2,111	
$4,900	
$1,140	
$822	
$588	
$5,531	
$500	
$0	
$9,300	
$2,034	

$55,904	
$23,700	
$10,140	
$3,600	
$30,000	
$16,500	
$25,000	
$3,600	
$8,100	
$1,140	
$1,250	
$1,500	
$10,000	
$500	
$42,176	
$15,600	
$5,000	

$55,904	
$23,700	
$10,140	
$3,600	
$30,000	
$16,500	
$25,000	
$3,600	
$8,400	
$1,140	
$1,250	
$1,500	
$10,000	
$500	
$21,448	
$15,600	
$15,000	

 Total Maintenance		 	$420,885 	$180,006 	$246,857 	$426,863 	$422,070 

 Total Expenditures		 	$529,220 	$223,745 	$308,220 	$531,965 	$531,255 

Excess (deficiency) of revenues	
     over (under) expenditures		

 	$0 	$291,937 	($291,646) 	$291 	$0 

Other Financing Sources/(Uses)

Interfund Transfer In / (out)	$0	$1,778	$0	$1,778	$0

 Total Other Financing Sources/(Uses)		 	$0 	$1,778 	$0 	$1,778 	$0 

 Excess Revenues/(Expenditures)		 	$0 	$293,714 	($291,646) 	$2,068 	$0 

Net Assessment Plus Collection Fees & Discounts (7.5%)
Gross Assessment	FY 2018		FY 2019		FY 2020	
	$	500,362		$	528,955		$	528,955	
	$	40,570		$	42,888		$	42,888	
	$	540,932		$	571,843		$	571,843	

Description	No. of Units	FY 2019
Gross per Unit	Total
$1,124.16	$418,189.12
$753.21	$153,654.34	FY 2020
Gross per Unit	Total
$1,124.16	$418,189.12
$753.21	$153,654.34	
Single Family	372			
Multi-Family	204			
Total Gross Assessment		$571,843.45		$571,843.45	

Wynnfield Lakes	
Community Development District	

Exhibit "A"	
Allocation of Operating Reserve	

Description	Amount

Beginning Balance - Carry Forward Surplus (As of 10/1/2018)	
Estimated Excess Revenues (Expenditures) - FY 2019	
Ending Balance (As of 09/30/2019)	

$136,908	
 	$2,068 	
$138,976	

Less:			
Funding for First Quarter Operating Expenses	($132,814)		
Projected Additional Transfer to Capital Reserve	 	($6,162)	($138,976)	

Total Undesignated Cash as of 09/30/2019	$0

Revenues:

Special Assessments
The District will levy a non-ad-valorem assessment on all developable property within the District to fund all of the Operating & Maintenance Expenditures for the Fiscal Year.

Clubhouse Income
Represents estimated income from the rental of the Community Room.

Interest Income
The operating fund of the District will be invested in accordance with Investment Resolution 2005-11 adopted August 11, 2005 by the District.

Interfund Transfer-DSF Excess Revenues
Pursuant to Section 4.02. of the Master Indenture, the District should receive any moneys in excess on the Series 2014 Revenue Account after the last Interest Payment Date (November 1st) in any calendar year.

Expenditures:

Administrative:

Supervisor Fees
Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending the six estimated meetings.

FICA Expense
These expenses represent the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.

Engineering Fees
The District's engineering firm, England, Thims & Miller, Inc. will be providing general engineering services to the District including, attendance, preparation for board meetings, review invoices, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2014 Special Assessment Refunding Bonds.

Trustee Fees
The District issued Series 2014 Special Assessment Refunding Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Assessment Roll
The District has contracted with GMS, LLC for the certifications of the District’s annual maintenance and debt service assessments to the Duval County Tax Collector.

Administrative: (continued)

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Dissemination Agent
The District has contracted Governmental Management Services, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services, LLC.

Travel & Per Diem
Expenses the Board of Supervisors may incur due to attending a Wynnfield Lakes Community Development District meeting or other District related travel expenses.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

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

Meeting Room
Cost to rent seminar room.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

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

Administrative: (continued)

Other Current Charges
Monthly bank charges and monthly water cooler rental and supplies from Crystal Springs.

Office Supplies
Represents various office supplies purchase for the District.

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

Maintenance:

Insurance
The District’s Amenity Center property insurance policy is with Preferred Governmental Insurance Trust (PGIT). PGIT specializes in providing insurance coverage to governmental agencies.

Field Management
The District receives contract administration services from GMS, LLC to oversee the work performed by outside service providers.

Description	Monthly	Annually	
GMS, LLC	$1,802.50	$21,630	

Amenity Center Management
The District Receives services provided by RMS, Inc to manage the amenity center facilities.

Description	Monthly	Annually	
RMS, INC	$4,413.89	$52,967	

Facility Attendant
Cost of attendant responsible for the daily operations of the facility.

Security Service / Monitoring

The District has contracted with Giddens Security Corporation to provide security services at the Amenity Center.

Description	Monthly	Annually	
Giddens Security Corp.	$2,770.83	$33,250	

General Facility Maintenance
Cost of routine repairs and maintenance of the District’s common areas and Amenity Center.

Janitorial Service
The District has contracted with Riverside Management Services, Inc. to provide janitorial services for the Amenity Center.

Maintenance: (continued)

Janitorial Supplies
Supplies needed to stock the restrooms and clubhouse as well as cleaning supplies.

Fitness Center Supplies
Supplies needed to stock the fitness center as well as cleaning supplies.

Pool Maintenance
The District has contracted with Crystal Clean Pools for the maintenance of the Amenity Center Swimming Pool.

Vendor/Service	Monthly	Annually	
Crystal Clean Pools-Maintenance	$900	$10,800	
Crystal Clean Pools-Contingency		  $1,700	
Total		$12,500	

Pool Chemicals
Chemical costs related to the maintenance of the Amenity Center Pool.

Landscape Maintenance
Scheduled maintenance consists of edging, weed eating, weeding of beds, blowing mid or vacuuming and weeding of lawns, pruning, leaning litter, pesticide application, fertilization, irrigation repair and annuals. Replace of mulch and pine straw.

Vendor/Service	Monthly	Annually	
Yellowstone-Maintenance	$4,158.63	$49,904	
Yellowstone-Mulch/Pine Straw		  $6,000	
Total		$55,904	

Landscape Contingency
Represents an unanticipated cost associated with the maintenance of mowing, edging, blowing, applying pest, tree removal and trimming and disease control chemicals to sod. The District may fund goose control as part of landscape contingency.

Lake Maintenance
The District has contracted with Lake Doctors, Inc. to maintain the water quality in all the lakes in Wynnfield Lakes Community Development District. The District may fund Midge (Blind Mosquito) eradication as part of Lake Maintenance

Vendor/Service	Monthly	Annually	
Lake Doctors-Maintenance	$770	$9,240	
Lake Doctors-Grass Carp		     $900	
Total		$10,140	

Irrigation Maintenance
Miscellaneous irrigation repairs and maintenance.

Repairs & Replacements
Cost of routine repairs and replacements of the District’s common areas and Amenity Center.

Maintenance: (continued)

Electric
The District has various utility accounts with JEA for lighting at the Amenity Center and has contracted with a security company for the monitoring of the emergency phone.
Monthly
Vendor	Location	average	Annually	
JEA	12319 Wynnfield Lakes Dr	$1,295	$15,540	
JEA	12397 Wynnfield Lakes apt	$ 80	$	960	
Total		$16,500	

Water & Sewer/Irrigation
The District has various utility accounts with JEA for water/sewer and irrigation at the Amenity Center and has contracted with a security company for the monitoring of the emergency phone.

Vendor	Monthly
Location	average	
Annually	
JEA-Water	12319 Wynnfield Lakes Dr	$  142	$ 1,704	
JEA-Sewer	12319 Wynnfield Lakes Dr	$  347	$ 4,164	
JEA-Irrigation	12319 Wynnfield Lakes Dr	$1,386	$16,632	
JEA-Irrigation	12510 Diamond Springs Dr.	$ 208	$ 2,500	
Total		$25,000	

Telephone/Cable TV/Internet
Services provided at the Amenity Center by Comcast.

Refuse Service
Garbage disposal service.

Stormwater User Fees
The District will incur expenses for stormwater usage fees.

Office Supplies / Mailings / Printings
Consists of mailings to residents, etc.

Permit Fees
Represents Permit Fees for ASCAP, SESAC and Department of Health for the swimming pool permit.

Special Events
Represents estimated cost for the District to host any special events for the community throughout the Fiscal Year.

Recreation Passes
Represents the estimated cost for access cards to the District’s Amenity Center.

Reserve Funding
Represents funds needed for Capital Projects.

Animal Control
The district contracted Goose Masters of Northeast Florida to provide weekly goose control services.

Contingency
Represents an unanticipated cost associated with the operation and maintenance of the District’s Amenity Center and field operations.

Wynnfield Lakes	
Community Development District	

 	
Debt Service Fund	
Series 2014 Special Assessment Refunding Bonds	

Adopted		Actual		Projected		Total		Proposed	
Budget		Thru		Next		Projected		Budget	
 	FY 2019			 	2/28/2019			 	7 Months			 	9/30/2019			 	FY 2020		

 Description	

Revenues

Carry Forward Surplus (1)	
Special Assessments - On Roll	
Special Assessments - Prepayment	
Interest Income	

 Total Revenues	

$129,959	$134,463	$0	$134,463

$150,875	
$521,104	
$0	
$5,000	

$521,104	$505,049	$16,055	$521,104
$0	$15,785	$0	$15,785

 	$651,713      		$659,646 	

 	$17,706      		$677,352 	

$650	$4,349	$1,651	$6,000

 	$676,979 

Expenditures

Series 2014	
Interest - 11/01	
Special Call - 11/01	
Interest - 05/01	
Principal - 05/01	

$129,906	
$0	
$129,906	
$260,000	

$129,906	
$5,000	
$0	
$0	

$0		$129,906	
$0		$5,000	
$129,794		$129,794	
$260,000		$260,000	

$126,869	
$0	
$126,869	
$265,000	

 Total Expenditures		 	$519,813 	$134,906 	$389,794 	$524,700 	$518,738 

Excess (deficiency) of revenues	
     over (under) expenditures		

 	$131,901 	$524,740 	($372,087) 	$152,652 	$158,242 

Other Financing Sources/(Uses)

Interfund Transfer In / (out)	$0	($1,778)	$0	($1,778)	$0

 Total Other Financing Sources/(Uses)		 	$0 	($1,778) 	$0 	($1,778) 	$0 

 Excess Revenues/(Expenditures)		 	$131,901 	$522,962 	($372,087) 	$150,875 	$158,242 

11/20  Interest payment      $	126,869 

Parcel	Unit Count	Assessment	Total
$563,356.08
$0.00
$0.00	
Single Family	371	$1,518.48		
Single Family (2)	1	$0.00		
Multi-Family (3)	 	204		$0.00		
Total	576	$563,356.08	

 	

Net Assessment	$521,104
$42,252	
Plus Collection Fees & Discounts (7.5%)		
Gross Assessment	$563,356	

(1) Carry forward surplus is net of the reserve requirement.	
(2) One single family assessment has paid off their debt assessment.	
(3) Multi-Family Unit assessments were prepaid with a Special Call on May 1, 2008.	

Wynnfield Lakes	
Community Development District	
Series 2014 Special Assessment Refunding Bonds	

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/19	$	6,210,000.00	$	-	$	126,868.75	$	-	
05/01/20	$	6,210,000.00	$	265,000.00	$	126,868.75	$	518,737.50	
11/01/20	$	5,945,000.00	$	-	$	123,390.63	$	-	
05/01/21	$	5,945,000.00	$	275,000.00	$	123,390.63	$	521,781.25	
11/01/21	$	5,670,000.00	$	-	$	119,265.63	$	-	
05/01/22	$	5,670,000.00	$	275,000.00	$	119,265.63	$	513,531.25	
11/01/22	$	5,395,000.00	$	-	$	114,796.88	$	-	
05/01/23	$	5,395,000.00	$	290,000.00	$	114,796.88	$	519,593.75	
11/01/23	$	5,105,000.00	$	-	$	109,721.88	$	-	
05/01/24	$	5,105,000.00	$	305,000.00	$	109,721.88	$	524,443.75	
11/01/24	$	4,800,000.00	$	-	$	104,193.75	$	-	
05/01/25	$	4,800,000.00	$	315,000.00	$	104,193.75	$	523,387.50	
11/01/25	$	4,485,000.00	$	-	$	98,287.50	$	-	
05/01/26	$	4,485,000.00	$	325,000.00	$	98,287.50	$	521,575.00	
11/01/26	$	4,160,000.00	$	-	$	91,787.50	$	-	
05/01/27	$	4,160,000.00	$	340,000.00	$	91,787.50	$	523,575.00	
11/01/27	$	3,820,000.00	$	-	$	84,562.50	$	-	
05/01/28	$	3,820,000.00	$	355,000.00	$	84,562.50	$	524,125.00	
11/01/28	$	3,465,000.00	$	-	$	77,018.75	$	-	
05/01/29	$	3,465,000.00	$	370,000.00	$	77,018.75	$	524,037.50	
11/01/29	$	3,095,000.00	$	-	$	69,156.25	$	-	
05/01/30	$	3,095,000.00	$	385,000.00	$	69,156.25	$	523,312.50	
11/01/30	$	2,710,000.00	$	-	$	60,975.00	$	-	
05/01/31	$	2,710,000.00	$	405,000.00	$	60,975.00	$	526,950.00	
11/01/31	$	2,305,000.00	$	-	$	51,862.50	$	-	
05/01/32	$	2,305,000.00	$	420,000.00	$	51,862.50	$	523,725.00	
11/01/32	$	1,885,000.00	$	-	$	42,412.50	$	-	
05/01/33	$	1,885,000.00	$	440,000.00	$	42,412.50	$	524,825.00	
11/01/33	$	1,445,000.00	$	-	$	32,512.50	$	-	
05/01/34	$	1,445,000.00	$	460,000.00	$	32,512.50	$	525,025.00	
11/01/34	$	985,000.00	$	-	$	22,162.50	$	-	
05/01/35	$	985,000.00	$	480,000.00	$	22,162.50	$	524,325.00	
11/01/35	$	505,000.00	$	-	$	11,362.50	$	-	
05/01/36	$	505,000.00	$	505,000.00	$	11,362.50	$	527,725.00	

$	6,210,000.00	$	2,680,675.00	$	8,890,675.00	

Wynnfield Lakes	
Community Development District	

Capital Reserve Fund

Adopted		Actual		Projected		Total		Proposed	
Budget		Thru		Next		Projected		Budget	
 	FY 2019			 	2/28/2019			 	7 Months			 	9/30/2019			 	FY 2020		

 	$228,802 		 	$233,979 		 	$918 		 	$234,897 		 	$254,118 	

 Description	

Revenues	
Carry Forward Surplus	
Interest Income	
Capital Reserve Funding - Transfer In	

$186,277	$189,721	$0	$189,721	$229,670	
$350	$2,082	$918	$3,000	$3,000	
$42,176	$42,176	$0	$42,176	$21,448	

 Total Revenues	

$15,000	
$420	
 	$15,420 	

Expenditures

Capital Outlay	
Other Current Charges	

$15,000	
$350	

$4,808	
$140	

$0	
$280	

$4,808	
$420	

 Total Expenditures		 	$15,350 	$4,948 	$280 	$5,228 

Excess (deficiency) of revenues	
     over (under) expenditures		

 	$213,452 	$229,031 	$638 	$229,670 	$238,698 

 Ending Fund Balance		 	$213,452 	$229,031 	$638 	$229,670 	$238,698 

SEVENTH ORDER OF BUSINESS

D.

Wynnfield Lakes Community Development District
12319 Wynnfield Lakes Drive, Jacksonville, Florida 32246

Date:	March 20, 2019

Memorandum

To:	Rich Whetsel	via email Operations Director

From:	Christopher Hall	Richard Waters Operations Manager	Amenity Manager

Re:	Wynnfield Lakes, CDD Monthly Managers Report

The following is a summary of activities related to the field operations of the Wynnfield Lakes Community Development District.
Amenity Manager:

Twenty-five access cards were issued since the last CDD meeting.
Three rentals took place since the last CDD meeting.
Spring Fling is scheduled for Saturday March 30th from 1 to 4 p.m.
Projector and screen replacement information will be presented.
Recumbent bike repair/replacement information will be provided to the board for consideration.

Fitness Center:

New toilet paper dispensers were installed in the fitness restrooms.
RMS continues to maintain and clean the fitness equipment weekly.
Southeast Fitness continues preventative maintenance program on all the equipment.
Drain lines for the air conditioning is being inspected weekly by RMS staff.
Amenity/Pool/Playground:

Tennis court has been pressure washed.
The pool deck furniture and pool deck has been pressure washed.
The pressure washing of the pickle ball courts are scheduled to be completed.
New toilet paper dispensers were installed in the pool restrooms.

Windscreens are being secured to fence as needed.
Broken/faded signs are being removed and replaced.
The main entrance gate closer has been replaced.
Fitness center doors have been re-painted.
Trash receptacle by the field has been repaired.
The new chain cargo net has arrived and will be installed on the playground.
Crystal Clean continues to maintain the pools twice a week, and three times a week starting in May.
Playground inspections and tightening of playground equipment is performed monthly.

Landscaping / Irrigation:

Yellowstone continues to maintain all the landscaping.
Annual flowers were removed, and new flowers were installed.
Several irrigation repairs have been made by Yellowstone.
RMS is continuing to perform bi-weekly landscape inspections with Yellowstone.

Other Items:

The lake bank repairs have been completed by Yellowstone Landscaping.
Time clock for the tennis court lights has been inspected with no issues being reported. (security has also checked at night as to when they shut off).
Rubber mulch for the pool area is at RMS and is being scheduled for installation.
Goose Master’s is continuing the goose control services.
Lake Doctors continues to maintain the lakes.
Night time light inspections are performed monthly.
RMS continues cleans the lake banks and outfall structures monthly.

Questions/Comments:

Should you have any questions or comments regarding the above information, please feel free to contact Chris at (904) 657-9211 or Rich at (904) 759-8923

NINTH ORDER OF BUSINESS

A.

Wynnfield Lakes	
Community Development District	

Check Run Summary

1/5 - 3/5/19

Date	Check Numbers	

Amount

GENERAL FUND

1/11/2019	3375-3384	

$20,297.02

1/14/2019	3385-3388	

$4,798.64

1/22/2019	3389-3392	

$3,810.72

1/29/2019	3393-3399	

$10,875.37

2/6/2019	3400-3409	

$13,213.58

2/19/2019	3410-3421	

$9,751.43

3/1/2019	3422-3427	

$12,953.64

Total	 	$75,700.40 

B.

WYNNFIELD LAKES	
Community Development District	

Unaudited Financial Statements	
as of	
February 28, 2019	

Board of Supervisors Meeting	
March 20, 2019	

WYNNFIELD LAKES	
COMMUNITY DEVELOPMENT DISTRICT	
COMBINED BALANCE SHEET	
February 28, 2019	

Non-Major	
Fund	
Capital	
    Reserve 	

Totals	
Governmental	
 	Funds		

Major Funds
Debt	
 	General		 	Service		
ASSETS:

$81,423	
$200	
$365,618	
---	

Cash	
Petty Cash	
US Bank Custody Account	
State Board of Administration	
Investments:	
Series 2014	
Reserve	
Revenue	
Redemption	
Prepaid Expenses	

---
---
---
$340

Total Assets	
 	$447,581 	

LIABILITIES

$2,390

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

$83,813	
$200	
$365,618	
$226,642	

---
---
$226,642

$261,859	
$506,307	
$16,150	
---	

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

$261,859	
$506,307	
$16,150	
$340	

 	$784,316	 	$229,031	 	$1,460,928 

Accounts Payable	
Accrued Expenditures	

$12,273
$4,686

Total Liabilities	
 	$16,959 	

---	
---	

 	
---	
---	

 	
$12,273	
$4,686	

  
 	$0	 	$0	 	$16,959 

FUND BALANCES:

$340	---	---	$340

---	$784,316	---	$784,316

Nonspendable:	
Prepaid items	
Restricted for:	
Debt Service	
Assigned to:	
Capital reserves	
Unassigned	

---
$430,282

Total Fund Balances	
 	$430,622 	

$229,031

---	
---	

$229,031	
$430,282	

---

 	$784,316	 	$229,031	 	$1,443,969 

TOTAL LIABILITIES AND FUND BALANCES	 	$447,581	 	$784,316	 	$229,031	 	$1,460,928 

 	

ADOPTED	
 	BUDGET		

PRORATED BUDGET	ACTUAL	
 THRU 02/28/19	 THRU 02/28/19	

 DESCRIPTION	

REVENUES:	
Maintenance Assessments	
Clubhouse Income	
Interest Income	

TOTAL REVENUES

    VARIANCE 

$514,440	
$975	
$266	
 	$515,681 	

 	
$0	
$725	
$260	
 	$985 	

$528,955	
$250	
$15	
 	$529,220 	

$514,440	
$250	
$6	
 	$514,696 	

EXPENDITURES:

Administrative	
Supervisor Fees	
FICA Expense	
Engineering	
Arbitrage (Grau)	
Trustee (US Bank)	
Assessment Roll (GMS)	
Attorney (HGS)	
Dissemination Agent (GMS)	
Annual Audit (Grau)	
Management Fees (GMS)	
Computer Time	
Travel & Per Diem	
Telephone	
Postage	
Printing & Binding	
Insurance (FIA)	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions (DCA)	
Meeting Room	

$6,000	
$459	
$4,500	
$1,200	
$3,795	
$5,000	
$20,000	
$1,100	
$3,800	
$46,006	
$1,000	
$100	
$125	
$300	
$750	
$7,485	
$1,000	
$4,200	
$50	
$175	
$1,290	

$2,200	
$168	
$1,875	
$0	
$0	
$5,000	
$8,333	
$467	
$3,800	
$19,169	
$417	
$42	
$52	
$125	
$313	
$7,485	
$417	
$1,750	
$21	
$175	
$430	

$2,200	
$168	
$1,387	
$0	
$0	
$5,000	
$2,729	
$467	
$3,200	
$19,169	
$417	
$0	
$87	
$62	
$256	
$6,759	
$160	
$1,061	
$11	
$175	
$430	

$0	
$0	
$488	
$0	
$0	
$0	
$5,604	
$0	
$600	
$0	
$0	
$42	
($35)	
$63	
$56	
$726	
$257	
$689	
$9	
$0	
$0	

TOTAL ADMINISTRATIVE	 	$108,335	 	$52,238	 	$43,739	 	$8,499 

Operations	
Insurance (FIA)	
Field Management (GMS)	
Amenity Center Management (RMS)	
Office Supplies / Mailings / Printings	
Pool Maintenance (Crystal Clean Pools)	
Pool Chemicals	

$8,366	
$21,000	
$51,424	
$1,250	
$12,500	
$7,000	

$8,366	
$8,750	
$21,427	
$521	
$5,208	
$2,917	

$7,605	
$8,750	
$21,427	
$428	
$4,500	
$446	

$761	
$0	
$0	
$93	
$708	
$2,471	

 	

ADOPTED	
 	BUDGET		

PRORATED BUDGET	ACTUAL	
 THRU 02/28/19	 THRU 02/28/19	

 DESCRIPTION		 VARIANCE 

$0	
($0)	
$7,535	
$510	
$0	
$228	
$0	
$3,768	
$1,437	
$3,550	
($156)	
$126	
($492)	
$0	
$656	
$475	
($302)	
$208	
$0	
($6,300)	
$3,284	
 	$18,561 	

Operations (continued)

Permit Fees	
Landscape Maintenance (Yellowstone)	
Landscape Contingency	
Irrigation Maintenance	
Lake Maintenance (Lake Doctors)	
General Facility Maintenance	
Facility Attendants (RMS)	
Repairs & Replacements	
Electric (JEA)	
Water & Sewer/Irrigation (JEA)	
Telephone/Internet & Cable (Comcast)	
Security Service/Monitoring (Giddens)	
Refuse Service	
Janitorial (RMS)	
Janitorial Supplies	
Stormwater User Fees	
Special Events	
Recreation Passes	
Reserve Funding-CY	
Animal Control	
Contingency	

$1,500	
$55,904	
$23,700	
$3,000	
$9,900	
$19,500	
$10,320	
$30,000	
$16,500	
$25,000	
$3,200	
$33,250	
$6,500	
$8,755	
$3,500	
$1,140	
$10,000	
$500	
$42,176	
$0	
$15,000	

$912	
$20,793	
$9,875	
$1,250	
$3,850	
$8,125	
$0	
$12,500	
$6,875	
$10,417	
$1,333	
$14,358	
$2,708	
$3,648	
$1,458	
$475	
$4,167	
$208	
$42,176	
$0	
$6,250	

$912	
$20,793	
$2,340	
$740	
$3,850	
$7,897	
$0	
$8,732	
$5,438	
$6,867	
$1,489	
$14,232	
$3,200	
$3,648	
$803	
$0	
$4,469	
$0	
$42,176	
$6,300	
$2,966	

TOTAL OPERATIONS	 	$420,885	 	$198,567	 	$180,006 

TOTAL EXPENDITURES	 	$529,220	 	$250,805	 	$223,745	 	$27,060 

Excess (deficiency) of revenues	
over (under) expenditures	

 	$0	 	$263,891	 	$291,937	 	$28,045 

OTHER FINANCING SOURCES/(USES)

Interfund Transfer In/(Out)	$0	$0	$1,778	$1,778

TOTAL OTHER FINANCING SOURCES/(USES) 	$0	 	$0	 	$1,778	 	$1,778 

$136,908	
 	$430,622 	

Net change in fund balance	$0	$263,891	$293,714	$29,823

FUND BALANCE - Beginning	$0

FUND BALANCE - Ending	 	$0 

WYNNFIELD LAKES	
COMMUNITY DEVELOPMENT DISTRICT	
DEBT SERVICE FUND - SERIES 2014	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For the Period Ended February 28, 2019	

ADOPTED	
 	BUDGET		

PRORATED BUDGET	ACTUAL	
 THRU 02/28/19	 THRU 02/28/19	

$521,104	
$0	
$650	

$505,049	
$0	
$271	

$505,049	
$15,785	
$4,349	

$0	
$15,785	
$4,078	

 DESCRIPTION		 VARIANCE 

REVENUES:	
Assessments - Tax Roll	
Assessments - Prepayment	
Interest Income	

TOTAL REVENUES	
 	$521,754 	
 	$505,320 	
 	$525,183 	
 	$19,862 	
EXPENDITURES:					

Series 2014A	
Interest - 11/01	
Principal - Special Call 11/01	
Interest - 5/01	
Principal - 5/01	

$129,906	
$0	
$129,906	
$260,000	

$129,906	
$0	
$0	
$0	

$129,906	
$5,000	
$0	
$0	

$0	
($5,000)	
$0	
$0	

TOTAL EXPENDITURES	 	$519,812	 	$129,906	 	$134,906	 	($5,000)

Excess (deficiency) of revenues	
Over (under) expenditures	

 	$1,942	 	$375,414	 	$390,276	 	$14,862 

OTHER FINANCING SOURCES/(USES)

Interfund Transfer In / (Out)	$0	$0	($1,778)	($1,778)

TOTAL OTHER FINANCING SOURCES/(USES) 	$0	 	$0	 	($1,778)	 	($1,778)

Net change in fund balance		$1,942	$375,414	$388,499	$13,085 FUND BALANCE - Beginning	$129,959		$395,817
FUND BALANCE - Ending	 	$131,901	 	$784,316 

WYNNFIELD LAKES	
COMMUNITY DEVELOPMENT DISTRICT	
Long Term Debt Report	
FY 2019	

Series 201

Interest Rate:	4, Special Assessment Bonds

2.250%	

$260,000.00

$265,000.00

$275,000.00

$275,000.00

$290,000.00

$305,000.00

$315,000.00

$325,000.00

$1,450,000.00

$2,715,000.00	
Maturity Date:	5/1/2019		
Interest Rate:	2.625%		
Maturity Date:	5/1/2020		
Interest Rate:	3.000%		
Maturity Date:	5/1/2021		
Interest Rate:	3.250%		
Maturity Date:	5/1/2022		
Interest Rate:	3.500%		
Maturity Date:	5/1/2023		
Interest Rate:	3.625%		
Maturity Date:	5/1/2024		
Interest Rate:	3.750%		
Maturity Date:	5/1/2025		
Interest Rate:	4.000%		
Maturity Date:	5/1/2026		
Interest Rate:	4.250%		
Maturity Date:	5/1/2030		
Interest Rate:	4.500%		
Maturity Date:	5/1/2036		

$6,475,000.00 ($5,000.00)	
Reserve Fund Requirement:	50% Max Annual Debt Service

Bonds outstanding - 9/30/2018
Less:	Nov 1, 2018 (Special Call)
May 1, 2019 (Mandatory)		
Current Bonds Outstanding	$6,470,000.00	

WYNNFIELD LAKES	
COMMUNITY DEVELOPMENT DISTRICT	
CAPITAL RESERVE FUND	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For the Period Ended February 28, 2019	

ADOPTED	
 	BUDGET		

PRORATED BUDGET	ACTUAL	
 THRU 02/28/19	 THRU 02/28/19	

 DESCRIPTION		 VARIANCE 

REVENUES:	
Interest Income	
Capital Reserve Transfer	

$350	
$42,176	

$146	
$42,176	

$2,082	
$42,176	

$1,936	
$0	

TOTAL REVENUES	 	$42,526	 	$42,322	 	$44,258	 	$1,936 EXPENDITURES:

Capital Outlay	
Other Service Charges	

 	
$15,000	
$350	

 	
$4,808	
$140	

 	
$4,808	
$140	

 	
$0	
$0	

 	 	 	
TOTAL EXPENDITURES	 	$15,350	 	$4,948	 	$4,948	 	$0 

Excess (deficiency) of revenues	
Over (under) expenditures	

 	$27,176	 	$37,374	 	$39,310	 	$1,936 

OTHER FINANCING SOURCES /(USES)

Interfund Transfer In / (Out)	$0	$0	$0	$0

TOTAL OTHER FINANCING SOURCES/(USES) 	$0	 	$0	 	$0	 	$0 

Net change in fund balance	$27,176	$37,374	$39,310	$1,936

FUND BALANCE - Beginning	$186,277	$189,721

FUND BALANCE - Ending	 	$213,452	 	$229,031 

WYNNFIELD LAKES	
Community Development District	
General Fund	
Statement of Revenues and Expenditures (Month by Month)	
FY 2019	

Revenues	

Maintenance Assessments	
Clubhouse Income	
Interest Income	

OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	TOTAL	
2018	2018	2018	2019	2019	2019	2019	2019	2019	2019	2019	2019		

$0	

$30,174	

$481,066	

$1,939	

$1,261	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$514,440	
$0	$675	$300	$0	$0	$0	$0	$0	$0	$0	$0	$0	$975	
$37	$25	$16	$81	$107	$0	$0	$0	$0	$0	$0	$0	$266	

Total Revenues	$37	$30,874	$481,382	$2,020	$1,368	$0	$0	$0	$0	$0	$0	$0	$515,681	

Administration														
Supervisor Fees	$800	$600	($200)	$1,000	$0	$0	$0	$0	$0	$0	$0	$0	$2,200	
FICA Expense	$61	$46	($15)	$77	$0	$0	$0	$0	$0	$0	$0	$0	$168	
Engineering	$188	$824	$0	$375	$0	$0	$0	$0	$0	$0	$0	$0	$1,387	
Arbitrage (Grau)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Trustee (US Bank)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Assessment Roll (GMS)	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Attorney (HGS)	$550	$1,834	$345	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,729	
Dissemination Agent (GMS)	$133	$83	$83	$83	$83	$0	$0	$0	$0	$0	$0	$0	$467	
Annual Audit (Grau)	$0	$0	$0	$0	$3,200	$0	$0	$0	$0	$0	$0	$0	$3,200	
Management Fees (GMS)	$3,834	$3,834	$3,834	$3,834	$3,834	$0	$0	$0	$0	$0	$0	$0	$19,169	
Computer Time	$83	$83	$83	$83	$83	$0	$0	$0	$0	$0	$0	$0	$417	
Travel & Per Diem	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Telephone	$0	$49	$0	$38	$0	$0	$0	$0	$0	$0	$0	$0	$87	
Postage	$0	$11	$20	$8	$25	$0	$0	$0	$0	$0	$0	$0	$62	
Printing & Binding	$67	$13	$79	$5	$92	$0	$0	$0	$0	$0	$0	$0	$256	
Insurance (FIA)	$6,759	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,759	
Legal Advertising	$0	$78	$0	$82	$0	$0	$0	$0	$0	$0	$0	$0	$160	
Other Current Charges	$308	$235	$65	$453	$0	$0	$0	$0	$0	$0	$0	$0	$1,061	
Office Supplies	$3	$1	$4	$0	$4	$0	$0	$0	$0	$0	$0	$0	$11	
Dues, Licenses & Subscriptions (DCA)	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Meeting Room	$0	$215	$0	$215	$0	$0	$0	$0	$0	$0	$0	$0	$430	
Total Administrative Expenditures	$17,961	$7,907	$4,298	$6,252	$7,320	$0	$0	$0	$0	$0	$0	$0	$43,739	

WYNNFIELD LAKES	
Community Development District	
General Fund	
Statement of Revenues and Expenditures (Month by Month)	
FY 2019	

OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	TOTAL	
2018	2018	2018	2019	2019	2019	2019	2019	2019	2019	2019	2019		

Operations														
Insurance (FIA)	$7,605	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,605	
Field Management (GMS)	$1,750	$1,750	$1,750	$1,750	$1,750	$0	$0	$0	$0	$0	$0	$0	$8,750	
Amenity Center Management (RMS)	$4,285	$4,285	$4,285	$4,285	$4,285	$0	$0	$0	$0	$0	$0	$0	$21,427	
Office Supplies / Mailings / Printings	$0	$421	$0	$7	$0	$0	$0	$0	$0	$0	$0	$0	$428	
Pool Maintenance (Crystal Clean Pools)	$900	$900	$900	$900	$900	$0	$0	$0	$0	$0	$0	$0	$4,500	
Pool Chemicals	$443	$0	$0	$3	$0	$0	$0	$0	$0	$0	$0	$0	$446	
Permit Fees	$354	$0	$0	$558	$0	$0	$0	$0	$0	$0	$0	$0	$912	
Landscape Maintenance (Yellowstone)	$4,159	$4,159	$4,159	$4,159	$4,159	$0	$0	$0	$0	$0	$0	$0	$20,793	
Landscape Contingency	$196	$196	$1,556	$196	$196	$0	$0	$0	$0	$0	$0	$0	$2,340	
Irrigation Maintenance	$0	$0	$0	$740	$0	$0	$0	$0	$0	$0	$0	$0	$740	
Lake Maintenance (Lake Doctors)	$770	$770	$770	$770	$770	$0	$0	$0	$0	$0	$0	$0	$3,850	
General Facility Maintenance	$1,625	$1,387	$1,625	$1,635	$1,625	$0	$0	$0	$0	$0	$0	$0	$7,897	
Facility Attendants (RMS)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Repairs & Replacements	$1,479	$2,791	$700	$3,637	$125	$0	$0	$0	$0	$0	$0	$0	$8,732	
Electric (JEA)	$1,037	$1,012	$1,135	$1,179	$1,075	$0	$0	$0	$0	$0	$0	$0	$5,438	
Water & Sewer/Irrigation (JEA)	$472	$459	$1,350	$2,373	$2,212	$0	$0	$0	$0	$0	$0	$0	$6,867	
Telephone/Internet & Cable (Comcast)	$299	$299	$299	$287	$306	$0	$0	$0	$0	$0	$0	$0	$1,489	
Security Service/Monitoring (Giddens)	$2,542	$4,125	$2,522	$2,522	$2,522	$0	$0	$0	$0	$0	$0	$0	$14,232	
Refuse Service	$624	$628	$628	$624	$696	$0	$0	$0	$0	$0	$0	$0	$3,200	
Janitorial (RMS)	$730	$730	$730	$730	$730	$0	$0	$0	$0	$0	$0	$0	$3,648	
Janitorial Supplies	$148	$317	$71	$266	$0	$0	$0	$0	$0	$0	$0	$0	$803	
Stormwater User Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Special Events	$0	$1,895	$335	$189	$2,050	$0	$0	$0	$0	$0	$0	$0	$4,469	
Recreation Passes	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Reserve Funding-CY	$0	$0	$0	$42,176	$0	$0	$0	$0	$0	$0	$0	$0	$42,176	
Animal Control	$1,200	$1,200	$1,500	$1,200	$1,200	$0	$0	$0	$0	$0	$0	$0	$6,300	
Contingency	$0	$1,700	$1,266	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,966	
Total Operating Expenditures	$30,616	$29,024	$25,580	$70,184	$24,601	$0	$0	$0	$0	$0	$0	$0	$180,006	

Total Expenditures	$48,577	$36,931	$29,878	$76,437	$31,922	$0	$0	$0	$0	$0	$0	$0	$223,745	

C.

Wynnfield Lakes CDD	
Special Assessment Receipts	
Fiscal Year Ending September 30, 2019	

Assessmen	t Levyed through	Duval County		
$	528,953.85	$519,298.18	$1,048,252.03	net	
$	571,843.45	$561,403.44	$1,133,246.89	gross	
Date		Gross Tax	Discounts/	Commissions	Interest	Net Amount	General Fund	Debt Svc Fund	Total	
Received	Description	Received	(Penalties)	Paid	Income	Received	50.46%	49.54%	100%	

11/08/18	
10/16/18-10/31/18	
$	2,642.65	
$	105.71	
$	88.79	
$	-	$	2,448.15	
11/15/18	11/1/18-11/9/18	$	30,193.32	$	1,207.74	$	1,014.49	$	-	$	27,971.09	
11/26/18	11/10/18-11/19/18	$	31,711.80	$	1,268.49	$	1,065.52	$	-	$	29,377.79	
12/11/18	11/20/18-11/30/18	$ 1,021,129.97	$	40,838.79	$	34,310.19	$	-	$	945,980.99	
12/12/18	12/1/18-12/7/18	$	7,927.95	$	290.70	$	267.31	$	-	$	7,369.94	
01/07/19	12/18/18-12/31/18	$	4,077.63	$	122.32	$	138.44	$	-	$	3,816.87	
01/22/19	1/1/19-1/15/19	$	26.43	$	-	$	0.93	$	-	$	25.50	
02/19/19	2/1/19-2/12/19	$	2,642.65	$	52.85	$	90.65	$	1.00   $	2,500.15	

$ 1,100,352.40	
$	43,886.60	
$	36,976.32	
$	1.00	
$ 1,019,490.48	
$	514,440.61	
$ 505,049.87	
$	1,019,490.48		

Transfer to General Fund	
Date	Check #	GF	
11/8/2018	Txfer	$	1,235.35	
11/15/2018	Txfer	$	14,114.37	
11/26/2018	Txfer	$	14,824.20	
12/11/2018	Txfer	$	477,347.31	
12/12/2018	Txfer	$	3,718.91	
1/7/2019	Txfer	$	1,926.01	
1/22/2019	Txfer	$	12.87	
2/19/2019	Txfer	$	1,261.59	
		$	514,440.61	

$	1,235.35	
$	1,212.80	
$	2,448.15	
$	14,114.37	$	13,856.72	$	27,971.09	
$	14,824.20	$	14,553.59	$	29,377.79	
$	477,347.31	$ 468,633.68	$	945,980.99	
$	3,718.91	$	3,651.03	$	7,369.94	
$	1,926.01	$	1,890.86	$	3,816.87	
$	12.87	$	12.63	$	25.50	
$	1,261.59	$	1,238.56	$	2,500.15	

$	0.00	001.300.13100.10300	

Due to General Fund

Gross Percent Collected	97.10%	
Gross Amount Remainin	g to Coll	$32,894.49