Waterford Estates Community Development District
http://www.waterfordestatescdd.com

David Bailey, Chair Judith VanHaaren, Vice Chair
Linda Mazner, Assistant Secretary Karen Kimball, Assistant Secretary Mike Abair, Assistant Secretary

August 4, 2025

AGENDA

Seat 5: David Bailey - C		

Seat 1: Judith VanHaaren- VC		

Seat 3: Linda Mazner - AS		

Seat 2: Karen Kimball - AS		
Seat 4: Mike Abair - AS		

Waterford Estates Community Development District
Meeting Agenda

Monday	Waterford Estates Clubhouse
August 4, 2025	7200 Waterford Parkway
11:00 a.m.	Punta Gorda, FL  33950
Zoom  Link:  https://us06web.zoom.us/j/9564962978
Meeting ID: 956 496 2978 Passcode: 516708Gms Phone: 305-224-1968
Board of Supervisors Meeting
Roll Call

Pledge of Allegiance
Approval of Minutes of the July 7, 2025 Meeting
Public Hearing
Consideration of Resolution 2025-09 Adopting the Fiscal Year 2026 Budget & Relating to the Annual Appropriations
Consideration of Resolution 2025-10 Imposing Special Assessments & Certifying an Assessment Roll
Staff Reports
District Counsel
District Engineer
Field Manager
Consideration of Premier Landscaping Proposal for Australian Pine Removals
Discussion of Pond Maintenance Requirements
Financial Reports
Approval of Check Run Summary
Acceptance of Unaudited Financials
Supervisor Requests and Audience Comments

Next Board Meeting is Scheduled for September 8, 2025 at 11:00 a.m.
Adjournment

Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.waterfordestatescdd.com

MINUTES

MINUTES OF MEETING WATERFORD ESTATES
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Waterford Estates Community Development District was held on Monday, July 7, 2025, at 11:00 a.m. at 7200 Waterford Parkway, Punta Gorda, Florida 33950

Present and constituting a quorum were:

David Bailey	Chairman
Judith VanHaaren	Vice Chairman
Mike Abair	Assistant Secretary Also present were:
Jason Greenwood	District Manager, GMS
Patrick Burgess	GMS
Michael Pawelczyk by phone	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Greenwood called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Pledge of Allegiance
The Pledge of Allegiance was recited by all who attended the meeting.

THIRD ORDER OF BUSINESS	Approval of the Minutes of
the May 5, 2025 Meeting
Mr. Greenwood presented the minutes from the May 5, 2025 meeting. He asked for any comments or corrections.

On MOTION by Ms. VanHaaren seconded by Mr. Abair, with all in favor, the Minutes of the May 5, 2025 Meeting, were approved.

July 7, 2025	Waterford Estates CDD

FOURTH ORDER OF BUSINESS	Business Items
Consideration of Resolution 2025-08 Adopting the Fiscal Year 2026 Meeting Schedule
Mr. Greenwood stated they are looking to mimic what they had previously. There are typically 4 to 5 meetings per year. He asked for an approval of the same meeting schedule that they had for Fiscal Year 2025.

On MOTION by Ms. VanHaaren, seconded by Mr. Bailey with all in favor, Resolution 2025-08 Adopting the Fiscal Year 2026 Meeting Schedule, was approved.

Discussion Items:
Exotic Vegetation Removal
Mr. Burgess stated this item is still in progress. What they did with the original project is still in progress and they are discussing what the next stage is. The next step is pines that need to come down. No back up really for the exotic vegetation removal.

Discussion of Community Tree Project
Mr. Burgess stated he, David, and Jordan with Premier Landscapes met to get with Premier on what the CDD is responsible for removing and the next step would be installation of what they are going to plant. Mr. Greenwood noted as part of the tree project they have received proposals to replace the trees. It has been discovered that there is responsibility on the CDD but also on the HOA side. They are working on a plan to present to the Board members. Mr. Burgess noted the trees are on the pond side. Ms. VanHaaren asked why the county is enforcing that based on an architect. It is going to cost money to take this down and its not in danger to anybody and put in Cypress trees for $80K when the community is struggling with other things. Mr. Greenwood noted they received proposals for smaller caliper trees for a reduced cost by about 1/3.
Resident asked the Board members whose backs are facing the audience to turn around and listen to the people that are there.

July 7, 2025	Waterford Estates CDD

Mr. Greenwood noted Premier is working on getting the total cost. Mr. Bailey suggested getting rid of the oak trees now so they don’t have to go back to the county and get more approvals.

Discussion of Letter Regarding Resident Planting on CDD Property
Mr. Greenwood spoke to the Board about staff providing a letter to the resident regarding planting on unauthorized irrigation lines and landscaping planted on CDD property. Mr. Pawelczyk noted 45 days is more than enough to remove the landscaping and irrigation lines.

On MOTION by Mr. Abair seconded by Ms. VanHaaren, with all in favor, Authorizing Staff to Send the letter regarding resident planting on CDD property, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
District Counsel
Discussion of Memorandum Regarding 2025 Legislative Update
Mr. Pawelczyk updated the Board on the laws that came out of the 2025 legislative session. More than 10 laws had a direct impact on CDDs, Special Districts, or public officials but none made it out of the legislative session. Mr. Greenwood’s office will follow up with Ms. Mazner on completing Form 1.

District Engineer
Mr. Greenwood stated the Engineer had nothing to report today however he will be attending the August meeting. The Board is fine with the engineer attending meetings via Zoom.

HOA Report
Mr. Greenwood asked to remove this item from future meeting agendas.

July 7, 2025	Waterford Estates CDD

Field Report
Monthly Report
Mr. Burgess reviewed the Field Managers Report on page 77 of the agenda package.

Discussion of CDD Irrigation
Mr. Burgess stated there were minor issues with simple repairs that Premier completed. Whatever plant material is installed, they will revisit what they need to have.

Consideration of FPL Bush Hog Proposal
EcoTech Environmental
Premier Landscaping
Mr. Burgess presented proposals from EcoTech Environmental and Premier Landscaping for bush hogging and vegetation management.

On MOTION by Mr. Abair seconded by Ms. VanHaaren, with all in favor, the Premier Landscaping Bush Hog Proposal, was approved.

Consideration of Premier Landscaping Proposal to Remove Oaks & Stump Grind
This item was tabled to a future meeting agenda.

Consideration of Premier Landscaping Proposal for Australian Pine Removals
This item was tabled until the August meeting, Premier will provide a plan for removal of the trees at the August meeting.

Consideration of Premier Landscaping Proposal for Tree Removal
Mr. Greenwood reviewed a proposal for tree removal from Airport Rd. for $51.71.

On MOTION by Mr. Abair seconded by Ms. VanHaaren, with all in favor, the Premier Landscaping Proposal for Tree Removal, was approved.

July 7, 2025	Waterford Estates CDD

Premier and TruScapes need to review the easement issue on Airport Rd. for who is responsible to maintain that area.

SIXTH ORDER OF BUSINESS	Financial Reports
Approval of Check Run Summary
Acceptance of Unaudited Financials
Mr. Greenwood presented the financial reports. He asked for approval of the check run summary. There was a reimbursement for landscaping and its back to the HOA. Mr. Burgess noted before the CDD contracted with Premier to mow the CDD areas, the CDD reimbursed the HOA for maintenance. This is last year’s reimbursement. Moving forward, the CDD will not have to reimburse the HOA.

On MOTION by Ms. VanHaaren seconded by Mr. Bailey, with all in favor, the Check Run Summary, was approved.

SEVENTH ORDER OF BUSINESS	Supervisors Requests and
Audience Comments
Supervisor Requests:
Mr. Abair asked to set up a time to discuss the financials.

Audience Comments:
Resident (Dennis) – asked a question on the Carmalita mowing, asked if the CDD owns 15 ft of the irrigation line. Mr. Bailey stated yes. It’s the 15 ft strip against the right of way along Carmelita. Mr. Greenwood stated clear direction is needed before spending the money.
Resident – asked about the letter with the $170 increase, is that etched in stone? Mr. Greenwood stated it’s a highwater mark and the opportunity is to lower it; it can’t go higher. It’s worse case scenario. It will be laid out at the August 4th meeting.
Resident – asked if the bushwacking, bushhogging proposal is part of the $170. Mr. Greenwood stated no that letter is for October 1 which will be a new budget cycle for FY26. It will come out of your taxes for next year.

July 7, 2025	Waterford Estates CDD

EIGHTH ORDER OF BUSINESS	Next	Board	Meeting	is
Scheduled	for	August	4, 2025 at 11:00 a.m.
Mr. Greenwood stated the next Board meeting is scheduled for August 4, 2025 at 11:00 a.m.

NINTH ORDER OF BUSINESS	Adjournment
Mr. Greenwood asked for a motion to adjourn this meeting.

On MOTION by Ms. VanHaaren seconded by Mr. Bailey, with all in favor, the meeting was adjourned at 12:29 p.m.

Secretary / Assistant Secretary	Chairman / Vice Chairman

SECTION IV

SECTION A

RESOLUTION 2025-09

THE ANNUAL APPROPRIATION RESOLUTION OF THE WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Waterford Estates Community Development District (“District”) prior to June 15, 2025, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and
WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes; and
WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Waterford Estates Community Development District for the Fiscal Year Ending September 30, 2026.”
The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2026, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2026 or within 60 days following the end of the FY 2026 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.
Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 4TH DAY OF AUGUST, 2025.

ATTEST:	WATERFORD ESTATES
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors

Exhibit A:	FY 2026 Budget

Exhibit A

FY 2026 Budget

Waterford Estates
Community Development District

Proposed Budget
Fiscal Year 2026

Table of Contents

1-2		General Fund	

3	
	Allocation of Operating Reserve	

4-5	
	Budget Narrative	

6	
	Debt Service Fund Series 2006A	

7	
	Series 2006A Amortization Schedule	

8	
	Assessments Schedule	

Waterford Estates
Community Development District
Proposed Budget General Fund

	Adopted Budget	Actuals Through	Projected Next	Projected Through	Proposed Budget	
Description	Fiscal Year 2025	6/30/25	3 Months	9/30/25	Fiscal Year 2026	

REVENUES:						
Special Assessments - On Roll	$  243,637	$  242,920	$	2,225	$  245,145	$	339,996	
Interest Income	4,000	5,968	1,500	7,468	5,643	
Unassigned Fund Balance *	65,738	-	63,170	63,170	-	
TOTAL REVENUES	$ 313,375	$ 248,888	$  66,895	$ 315,783	$	345,639	

EXPENDITURES:						
General and Administrative						
Engineering	$	14,000	$	6,494	$	4,915	$	11,409	$	11,500	
Attorney	24,000	15,903	5,301	21,203	24,000	
Annual Audit	3,800	3,800	-	3,800	3,900	
Arbitrage Rebate	600	-	600	600	600	
Dissemination Agent	4,000	7,000	1,000	8,000	4,000	
Assessment Roll Administration	5,000	5,000	-	5,000	5,000	
Trustee Fees	4,100	4,246	-	4,246	4,352	
Management Fees	42,436	31,827	10,609	42,436	42,436	
Information Technology	1,000	750	250	1,000	1,000	
Website Maintenance	1,000	750	250	1,000	1,000	
Postage and Delivery	500	277	92	369	500	
Insurance General Liability	7,877	7,448	-	7,448	8,879	
Printing and Binding	1,000	46	23	69	500	
Legal Advertising	750	-	750	750	750	
Other Current Charges	250	187	62	250	250	
Office Supplies	200	-	25	25	50	
Dues, Licenses and Subscriptions	175	175	-	175	175	
TOTAL GENERAL AND ADMINISTRATIVE	$ 110,688	$  83,902	$  23,877	$ 107,779	$	108,892	

Waterford Estates
Community Development District
Proposed Budget General Fund

Description

Adopted Budget Fiscal Year
2025

Actuals Through
6/30/25

Projected Next
3 Months

Projected Through
9/30/25

Proposed Budget Fiscal Year
2026

Operations and Maintenance		
Electric (for Streetlights)	$	37,000	$	24,893	$	12,447	$	37,340	$	38,000	
Grounds Maintenance	26,000	42,522	20,376	62,898	84,560	
Conveyance Ditch	7,600	4,950	1,650	6,600	6,600	
Lake Maintenance	10,200	6,800	3,400	10,200	10,200	
Mitigation Monitoring	6,500	4,875	1,625	6,500	6,500	
Exotic Removal / Landscape Replacement	7,584	32,980	-	32,980	10,000	
Lake Bank Restoration / Trimming	26,802	-	-	-	-	
Palm and Tree Trimming	6,836	-	-	-	-	
Shrub and Bush Trimming	22,880	-	-	-	-	
Field Management	24,000	18,000	6,000	24,000	24,000	
1st Quarter Operating/Contingency	27,285	24,325	2,960	27,285	5,000	
Reserves	-	-	-	-	51,886	
TOTAL OPERATIONS AND MAINTENANCE	$ 202,687	$ 159,546	$  48,457	$ 208,003	$	236,746	
						
TOTAL EXPENDITURES	$ 313,375	$ 243,448	$  72,335	$ 315,783	$	345,638	
						
EXCESS REVENUES (EXPENDITURES)	$	(0)	$	5,439	$	(5,440)	$	-	$	-	

Note - Prior year surplus are being used for the unassigned fund balance.

Waterford Estates
Community Development District
Exhibit "A" Allocation of Operating Reserve

OPERATING RESERVE

Beginning Fund Balance - 10/1/24	$	145,719	
Estimated Net Change in Fund Balance - Fiscal Year 2025	(63,170)	
Total Funds Available (Estimated) - 9/30/25	82,549	

ALLOCATION OF AVAILABLE FUNDS

Funding for First Quarter Operating Expenditures	

44,965	
Total Allocation of Available Funds	44,965	
		
Total Unassigned (Undesignated) Cash	$	37,584	

RESERVED FOR CAPITAL RESERVES / RENEWAL AND REPLACEMENT

Beginning Balance (Estimated) - 10/1/25	

$	-	
Increase of Reserves During Fiscal Year 2026	51,886	
Total Funds Available (Estimated) - 9/30/26	$	51,886	

Waterford Estates
Community Development District
Budget Narrative Fiscal Year 2026

REVENUES

Special Assessments - On Roll
The District will levy a non-ad valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the fiscal year.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - General and Administrative

Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Attorney
The District’s attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an independent certified public accounting firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus an anticipated increase.
Arbitrage Rebate
The District is required to have an annual arbitrage rebate calculation prepared for the Series 2006A, Special Assessment Bonds. The District has contracted with Grau & Associates to perform this calculation.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for unrated bond issues. Services are provided by Governmental Management Services - Tampa, LLC.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local tax collector and financial advisory services.
Trustee Fees
The District bonds will be held and administered by a trustee. This represents the trustee annual fee.
Management Fees
The District receives management, accounting, and administrative services as part of a management agreement with Governmental Management Services - Tampa, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the management agreement.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services - Tampa, LLC.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the District as well as links to useful websites regarding compliance issues. This website will be maintained by Governmental Management Services - Tampa, LLC and updated monthly.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's general liability and public officials liability insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar community development districts.

Waterford Estates
Community Development District
Budget Narrative Fiscal Year 2026

Expenditures - General and Administrative (Continued)

Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the fiscal year.

Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses and Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity community affairs for $175.

Expenditures – Operations and Maintenance

Electric (for Streetlights)
Electric service provided by Florida Power and Light for the streetlights.

Grounds Maintenance
Landscape maintenance services include land bank trimming, mowing and lawn maintenance, palm & hardwood tree trimming, and shrub & bush trimming.
Conveyance Ditch
Represents the costs for maintenance of the swales.
Lake Maintenance
Monthly water management services to all the lakes throughout the District.
Mitigation Monitoring
Represents the costs for monitoring of the District’s mitigation.
Exotic Removal / Landscape Replacement
Represents the costs for exotic removal and landscape replacement, as needed.
Field Management
Represents the costs for the supervision and on-site management of the district. Responsibilities will include reviewing contracts and other maintenance related items.
1st Quarter Operating/Contingency
These funds are the first quarter of the following fiscal year of expenses the District will incur before assessments are collected and/or unscheduled expenditures incurred throughout the year, as applicable.

Waterford Estates
Community Development District
Proposed Budget
Debt Service Series 2006A Special Assessment Refunding Bonds

	Adopted Budget	Actuals Through	Projected Next	Projected Through	Proposed Budget	
Description	Fiscal Year 2025	6/30/25	3 Months	9/30/25	Fiscal Year 2026	

REVENUES:						
Special Assessments - On Roll	$	386,025	$	384,890	$	3,526	$	388,416	$	386,025	
Interest Income	200	20,651	1,950	22,601	200	
Carry Forward Surplus (1)	152,195	-	201,055	201,055	220,721	
TOTAL REVENUES	$	538,420	$	405,540	$ 206,531	$	612,071	$	606,946	

EXPENDITURES:						
Interest - 11/1	$	98,175	$	98,175	$	-	$	98,175	$	92,813	
Interest - 5/1	98,175	98,175	-	98,175	92,813	
Principal - 5/1	195,000	195,000	-	195,000	205,000	
TOTAL EXPENDITURES	$	391,350	$	391,350	$	-	$	391,350	$	390,625	
						
EXCESS REVENUES (EXPENDITURES)	$	147,070	$	14,190	$ 206,531	$	220,721	$	216,321	

(1) Carry Forward is Net of Reserve Requirement		
Interest Due 11/1/26	
$87,175.00	
					$87,175.00	

Waterford Estates
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2006A Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	
05/01/25	$3,570,000	5.50%	$195,000	$98,175.00	
11/01/25	3,375,000	5.50%	-	92,812.50	
05/01/26	3,375,000	5.50%	205,000	92,812.50	
11/01/26	3,170,000	5.50%	-	87,175.00	
05/01/27	3,170,000	5.50%	215,000	87,175.00	
11/01/27	2,955,000	5.50%	-	81,262.50	
05/01/28	2,955,000	5.50%	225,000	81,262.50	
11/01/28	2,730,000	5.50%	-	75,075.00	
05/01/29	2,730,000	5.50%	240,000	75,075.00	
11/01/29	2,490,000	5.50%	-	68,475.00	
05/01/30	2,490,000	5.50%	255,000	68,475.00	
11/01/30	2,235,000	5.50%	-	61,462.50	
05/01/31	2,235,000	5.50%	270,000	61,462.50	
11/01/31	1,965,000	5.50%	-	54,037.50	
05/01/32	1,965,000	5.50%	285,000	54,037.50	
11/01/32	1,680,000	5.50%	-	46,200.00	
05/01/33	1,680,000	5.50%	300,000	46,200.00	
11/01/33	1,380,000	5.50%	-	37,950.00	
05/01/34	1,380,000	5.50%	315,000	37,950.00	
11/01/34	1,065,000	5.50%	-	29,287.50	
05/01/35	1,065,000	5.50%	335,000	29,287.50	
11/01/35	730,000	5.50%	-	20,075.00	
05/01/36	730,000	5.50%	355,000	20,075.00	
11/01/36	375,000	5.50%	-	10,312.50	
05/01/37	375,000	5.50%	375,000	10,312.50	
Total			$3,750,000	$1,627,725	

Waterford Estates
Community Development District
Non-Ad Valorem Assessments Comparison

Product	O&M Units	Bonds Units
2006A	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
			Fiscal Year 2026	Fiscal Year 2025	Increase/ (decrease)	Fiscal Year 2026	Fiscal Year 2025	Increase/ (decrease)	Fiscal Year 2026	Fiscal Year 2025	Increase/ (decrease)	

Single Family	
12	
12	
$599.83	
$429.83	
$170.00	
$745.00	
$745.00	
$0.00	
$1,344.83	
$1,174.83	
$170.00	
Single Family	199	199	$599.83	$429.83	$170.00	$745.00	$745.00	$0.00	$1,344.83	$1,174.83	$170.00	
Twin Villas	266	266	$599.83	$429.83	$170.00	$600.00	$600.00	$0.00	$1,199.83	$1,029.83	$170.00	
Single Family - Phase 2	126	126	$599.83	$429.83	$170.00	$745.00	$745.00	$0.00	$1,344.83	$1,174.83	$170.00	
Total Assessment Units	603	603										

SECTION B

RESOLUTION 2025-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WATERFORD ESTATES COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR FUNDING FOR THE FY 2026 ADOPTED BUDGET(S); PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Waterford Estates Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District, located in Hillsborough County, Florida (“County”); and
WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”), attached hereto as Exhibit A; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District may fund the Adopted Budget through the levy and imposition of special assessments on benefitted lands within the District and, regardless of the imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget.

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

FUNDING. The District’s Board hereby authorizes the funding mechanisms for the Adopted Budget as provided further herein and as indicated in the Adopted Budget attached hereto as Exhibit A and the assessment roll attached hereto as Exhibit B (“Assessment Roll”).

OPERATIONS AND MAINTENANCE ASSESSMENTS.

Benefit Findings. The provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibit A and Exhibit B and is hereby found to be fair and reasonable.
O&M Assessment Imposition. Pursuant to Chapter 190, Florida Statutes, a special assessment for operations and maintenance (“O&M Assessment(s)”) is hereby levied and imposed on benefitted lands within the District and in accordance with Exhibit A and Exhibit B. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.

Maximum Rate. Pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

DEBT SERVICE SPECIAL ASSESSMENTS. The District’s Board hereby certifies for collection the FY 2026 installment of the District’s previously levied debt service special assessments (“Debt Assessments,” and together with the O&M Assessments, the “Assessments”) in accordance with this Resolution and as further set forth in Exhibit A and Exhibit B, and hereby directs District staff to affect the collection of the same.
COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST. Pursuant
to Chapter 190, Florida Statutes, the District is authorized to collect and enforce the Assessments as set forth below.

Tax Roll Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on the “Tax Roll Property” identified in Exhibit B shall be collected by the County Tax Collector at the same time and in the same manner as County property taxes in accordance with Chapter 197, Florida Statutes (“Uniform Method”). That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County property taxes. The District’s Board finds and determines that such collection method is an efficient method of collection for the Tax Roll Property.

Future Collection Methods. The District’s decision to collect Assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

ASSESSMENT ROLL; AMENDMENTS. The Assessment Roll, attached hereto as Exhibit B, is hereby certified for collection. The Assessment Roll shall be collected pursuant to the collection methods provided above. The proceeds therefrom shall be paid to the District. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll.

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

EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED this 4th day of August, 2025.

ATTEST:	WATERFORD ESTATES
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Exhibit A

Budget

Exhibit B

Assessment Roll

SECTION V

SECTION C

SECTION 1

	Proposal #5214	
Date: 7/2/2025 PO #

Waterford Estates CDD Waterford Parkway Punta Gorda, FL 33950

Customer:

Waterford Estates CDD Waterford Parkway Punta Gorda, FL 33950

Property:

	Australian Pine Removal Project	

Services Billed Upon Completion
Description of Services	Cost per Occ.	
25316 East Lennox (A)	$4,524.43	
25332 East Lennox (A)	$6,076.64	
25348 East Lennox (B)	$1,737.21	
25356 East Lennox (A)	$966.12	
7580 Mikasa (A)	$5,470.02	
25364 East Lennox (B)	$1,551.12	
Brazilian Pepper Removal 25360- 25300 East Lennox (B)	$7,434.43	
Total	$27,759.97	

	Services	

25316 East Lennox (A)
Australian Pine Tree Removal – Behind Designated Home
Remove all Australian Pine trees located behind the designated residential property.
A 60-foot tracked lift will be utilized to safely drop the trees in sections, minimizing the risk of damage to nearby structures or property.
Portions of this area include homeowner-installed landscaping located on CDD-owned property. While best efforts and precautions will be taken to avoid disturbing these plants, some incidental damage may occur during the tree removal process.
All tree debris will be removed and disposed of offsite.

25332 East Lennox (A)
Australian Pine Tree Removal – Behind Designated Home
Remove all Australian Pine trees located behind the designated residential property.
A 60-foot tracked lift will be utilized to safely drop the trees in sections, minimizing the

risk of damage to nearby structures or property.
Portions of this area include homeowner-installed landscaping located on CDD-owned property. While best efforts and precautions will be taken to avoid disturbing these plants, some incidental damage may occur during the tree removal process.
All tree debris will be removed and disposed of offsite.
25348 East Lennox (B)
Australian Pine Tree Removal – Behind Designated Home
Remove all Australian Pine trees located behind the designated residential property.
A 60-foot tracked lift will be utilized to safely drop the trees in sections, minimizing the risk of damage to nearby structures or property.
Portions of this area include homeowner-installed landscaping located on CDD-owned property. While best efforts and precautions will be taken to avoid disturbing these plants, some incidental damage may occur during the tree removal process.
All tree debris will be removed and disposed of offsite.
25356 East Lennox (A)
Australian Pine Tree Removal – Behind Designated Home
Remove all Australian Pine trees located behind the designated residential property.
A 60-foot tracked lift will be utilized to safely drop the trees in sections, minimizing the risk of damage to nearby structures or property.
Portions of this area include homeowner-installed landscaping located on CDD-owned property. While best efforts and precautions will be taken to avoid disturbing these plants, some incidental damage may occur during the tree removal process.
All tree debris will be removed and disposed of offsite.
7580 Mikasa (A)
Australian Pine Tree Removal – Behind Designated Home
Remove all Australian Pine trees located behind the designated residential property.
A 60-foot tracked lift will be utilized to safely drop the trees in sections, minimizing the risk of damage to nearby structures or property.
Portions of this area include homeowner-installed landscaping located on CDD-owned property. While best efforts and precautions will be taken to avoid disturbing these plants, some incidental damage may occur during the tree removal process.
All tree debris will be removed and disposed of offsite.
25364 East Lennox (B)
Australian Pine Tree Removal – Behind Designated Home
Remove all Australian Pine trees located behind the designated residential property.
A 60-foot tracked lift will be utilized to safely drop the trees in sections, minimizing the risk of damage to nearby structures or property.

Portions of this area include homeowner-installed landscaping located on CDD-owned property. While best efforts and precautions will be taken to avoid disturbing these plants, some incidental damage may occur during the tree removal process.
All tree debris will be removed and disposed of offsite.
Brazilian Pepper Removal 25360- 25300 East Lennox (B)
Scope of Work
Brazilian Pepper Tree Vegetation Removal (B)
Remove all Brazilian Pepper trees and invasive vegetation along the designated stretch between 25360 East Lennox and 25300 East Lennox.
Due to significant amounts of old debris scattered throughout the property, each Brazilian Pepper clump will be hand-cut to ensure safe and complete removal.
All stumps will be treated with Triclopyr herbicide immediately after cutting to prevent any regrowth.
All removed vegetation will be loaded and hauled offsite for proper disposal.
Work will be completed with care to avoid disturbance to desirable native vegetation where possible.

	Terms & Conditions	
It is agreed by both parties that all work performed under the terms of this service agreement shall be performed on a routine schedule sensitive to the overall needs of the property. It is further understood that all work shall be performed in a professional manner in accordance with generally accepted horticulture principles.
Florida Landscape Management Companies, Inc. dba Premier Landscape Management (the “Contractor”) shall furnish, upon request, evidence of general liability insurance in the amount of $ 2,000,000, property damage insurance and Workman’s Compensation insurance. The contractor shall maintain all licenses and permits pursuant to requirements established by applicable governing authorities.
The Contractor shall comply with all applicable provisions of the Equal Employment Opportunity Act, Executive Order 11246 of 9-24-65, the Americans with Disabilities Act and all other equal opportunity employment legislation.
It is expressly understood that the Contractor shall assume no responsibility nor liability for personal injury or property damage resulting from an accumulation of water, falling limbs, leaves or other debris on walkways, sidewalks, curbs and all other paved or grassy surfaces between scheduled visits by maintenance crews. Further, the Contractor shall not be liable for any consequential or incidental damages which may be sustained by the owner arising out of or from the Contractor’s services.
The Contractor shall reimburse Owner for damages to personal or real property occurring as a direct result of negligent contractor activity. Reimbursement shall occur only if the Owner had previously taken the necessary steps to reasonably protect such damage. Notification of damage must be made to the Contractor in a timely manner and the Contractor shall be provided an opportunity to inspect and, if possible, repair the damage.
This agreement may be cancelled by either party by giving no less than thirty (30) days prior written notice. If notice is not given thirty (30) days prior to the first of the month contractor shall be entitled to the total monthly installment.
All amounts billed by the Contractor shall be payable on receipt and shall accrue interest at the rate of eighteen percent (18%) per annum beginning fifteen (15) days FROM THE DATE ON THE BILL FOR SERVICE. All sums due the Contractor shall be due and payable in Charlotte County Florida at its address set forth below.
Attorneys’ Fees and Costs. In the event that it is necessary for either party to this Agreement to bring suit to enforce any provision hereof or for damages on account of any breach of this Agreement or of any warranty, covenant, condition, requirement, or obligation contained herein, the prevailing party in any such litigation, including appeals, will be entitled to recover from the other party, in addition to any damages or other relief granted as a result of such litigation, all costs and expenses of such litigation and reasonable attorneys’ fees costs due to it.
Recoverable Costs. The reasonable costs that the Contractor shall be entitled to recover pursuant to this Agreement shall include any costs that are taxable pursuant to any applicable statute, rule, or guideline (including, but not limited to, the Statewide Uniform Guidelines for Taxation of Costs), as well as costs not taxable thereunder. Such recoverable costs shall specifically include, but not be limited to, 1) costs of investigation; 2) costs of copying documents and other materials, whether for discovery, filing with the court, internal review, or any other purpose; 3) costs for electronic discovery; 4) Westlaw, Lexis Nexis, or other electronic research service charges; 5) telephone charges; 6) mailing, commercial delivery service, and courier charges; 7) travel expenses, whether for investigation, depositions, hearings, trial, or any other purpose; 8) information technology support charges; 9) any and all consultant or expert witness fees, whether or not such fees are incurred in connection with a court-ordered report or testimony at a deposition, hearing, or trial; court reporter and transcript fees, whether for deposition, trial, or an evidentiary or non- evidentiary hearing; 11) mediator fees; and 12) any other reasonable cost incurred in connection with the dispute.
Service agreements shall remain in-effect for Two Years, (24-months).
THESE GENERAL CONDITIONS SHALL BE INCORPORATED BY REFERENCE INTO ANY INVOICE FOR SERVICES SUBMITTED BY THE CONTRACTOR.
This agreement shall be cancelable for cause. In the event contractor becomes deficient in Service’s based on acceptable industry standards and this agreement. Client agrees to notify contractor in writing by certified mail, this agreement shall be terminated thirty (30) days from that date.
Client Agrees to reimburse Contractor for services provided during the contract period and not fully paid for with the monthly installment plan.
The Contractor is not responsible for unmarked utilities of any kind.
The Contractor installed plant material, workmanship and hardscapes are guaranteed for 60 days. Palms & trees are guaranteed for 180 days. All guarantees/warranties are void if not properly cared for, irrigated, or damaged by weather, vandalism, or acts of God. The Contractor does not warranty transplanted material.
If required, homeowners must provide the Contractor written approval from their association and or local city/municipality before any work is to begin.
Tree Removal: Homeowner/association must apply for and post any required permits from the requiring municipalities. For the City of Punta Gorda, https://www.ci.punta-gorda.fl.us/i-want-to/apply-for/tree-removal-permit. For Charlotte County, https://www.charlottecountyfl.gov/core/fileparse.php/363/urlt/Tree-Permit-Application.pdf. For Sarasota County,

https://www.scgov.net/home/showpublisheddocument/34284/636843751802330000. For the City of North Port, https://www.northportfl.gov/home/showpublisheddocument/25208/637963240765900000. For Lee County, https://www.leegov.com/dcd/Documents/ES/Apps/VEG.pdf.
Construction/Project Payment Terms: A deposit may be required. Payment is required upon completion of project.

By	By
Jordon Babbie

Date

7/2/2025

Date

	
Premier Landscape Management	Waterford Estates CDD

SECTION VI

SECTION A

Waterford Estates
COMMUNITY DEVELOPMENT DISTRICT

Check Register

Date	Check Numbers	Amount	

07/15/25	

1173-1178	

$16,679.09	
07/16/25	1179	$23,743.91	
	TOTAL	$40,423.00	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/18/25	PAGE	1
*** CHECK NOS. 001173-001179	WATERFORD ESTATE-GENERAL FUND BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/15/25 00059	7/01/25 9077740	202507 310-51300-49000	*	225.00
DATA CONVERSION
7/01/25 9077740	202507 310-51300-42500	*	174.87
BLACK/WHITE PRINTING
7/01/25 9077740	202507 310-51300-49000	*	132.66
10 ENVELOPS REURN ADDRESS
7/01/25 9077740	202507 310-51300-42000	*	347.31
US POSTAGE
ACTION MAIL SERVICES	879.84 001173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/15/25 00005	6/30/25 193948	202506 310-51300-31500	*	1,795.00
SVCS 06/25
BILLING COCHRAN LYLES MAURO &	1,795.00 001174
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/15/25 00034	6/26/25 4244	202506 320-53800-46800	*	850.00
LAKE MAINT 06/25
ECOTECH ENVIRONMENTAL LLC	850.00 001175
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/15/25 00001	7/01/25 257	202507 320-53800-47000	*	2,000.00
FIELD SVCS 07/25
7/01/25 257	202507 310-51300-42000	*	2.76
POSTAGE&DELIVERY 07/25

- - - - - - - -	- - - - -	
7/15/25 00058	7/09/25	
	7/09/25	
	7/09/25	
	7/09/25	
	7/09/25	

GOVERNMENTAL MANAGEMENT SERVICES	2,002.76 001176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6	202507 310-51300-34000	*	3,536.33
MGMT FEES 07/25
6	202507 310-51300-35101	*	83.33
WEBSITE ADMIN 07/25
6	202507 310-51300-35100	*	83.33
INFO TECH 07/25
6	202507 310-51300-31300	*	333.33
DISSEMINATION AGENT 07/25
6	202507 310-51300-42500	*	18.15
PRINTING 07/25
GOVERNMENTAL MANAGEMENT SERVICES	4,054.47 001177
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/15/25 00055	7/01/25 6544	202507 320-53800-46002	*	6,792.02
SVCS AGREE 07/25
7/09/25 6650	202507 320-53800-46003	*	305.00
TREE TRIMMING 07/25
PREMIER LANDSCAPE MANAGEMENT	7,097.02 001178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/16/25 00054	2/11/25 02112024 202502 320-53800-49100	*	23,743.91
REIMB-WECA LANDSCAPE 2/25
WATERFORD ESTATES COMMUNITY ASSOC	23,743.91 001179
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	40,423.00 WATE WATERFORD ESTS JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/18/25	PAGE	2
*** CHECK NOS. 001173-001179	WATERFORD ESTATE-GENERAL FUND BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	40,423.00

WATE WATERFORD ESTS JWASSERMAN

SECTION B

Waterford Estates
Community Development District

Unaudited Financial Reporting
June 30, 2025

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund Series 2006A

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Waterford Estates
Community Development District Balance Sheet
June 30, 2025

	General Fund	Debt Service Fund	Totals Governmental Funds	

Operating Account	
$	15,524	
$	-	$	
15,524	
Due from General Fund	-	22,821	22,821	
Investments:
State Board of Administration	

158,385	

-	

158,385	
Series 2006A Reserve A	

-	

385,988	

385,988	
Revenue A	-	192,424	192,424	
Prepayment A	-	3	3	
Deposits	2,715	-	2,715	
Total Assets	$	176,624	$	601,235	$	777,859	

Liabilities:
Accounts Payable	

$	2,645	

$	-	$	

2,645	
Due to Debt Service	22,821	-	22,821	
Total Liabilities	$	25,466	$	-	$	25,466	

Fund Balance:
Nonspendable:				
Deposits	$	2,715	$	-	$	2,715	
Debt Service	-	601,235		601,235	
Unassigned	148,443	-		148,443	
Total Fund Balances	$	151,158	$	601,235	$	752,393	
					
Total Liabilities & Fund Balance	$	176,624	$	601,235	$	777,859	

Restricted for:

Waterford Estates
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ended June 30, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Through 06/30/25	Through 06/30/25	Variance	

Revenues:					
Special Assessments - On Roll	$	243,637	$	243,637	$	242,920	$	(717)	
Interest Income	4,000	3,000	5,968	2,968	
Unassigned Fund Balance	65,738	-	-	-	
Total Revenues	$	313,375	$	246,637	$	248,888	$	2,251	

Expenditures:					
General and Administrative:
Engineering	

$	14,000	

$	10,500	

$	6,494	

$	4,006	
Attorney	24,000	18,000	15,903	2,098	
Annual Audit	3,800	3,800	3,800	-	
Arbitrage Rebate	600	450	-	450	
Dissemination Agent	4,000	3,000	7,000	(4,000)	
Assessment Roll Administration	5,000	5,000	5,000	-	
Trustee Fees	4,100	4,100	4,246	(146)	
Management Fees	42,436	31,827	31,827	0	
Information Technology	1,000	750	750	0	
Website Maintenance	1,000	750	750	0	
Postage and Delivery	500	375	277	98	
Insurance General Liability	7,877	7,877	7,448	429	
Printing and Binding	1,000	750	46	704	
Legal Advertising	750	563	-	563	
Other Current Charges	250	188	187	0	
Office Supplies	200	150	-	150	
Dues, Licenses and Subscriptions	175	175	175	-	
Total General and Administrative	$	110,688	$	88,254	$	83,902	$	4,352	

Operations and Maintenance
Electric (for Streetlights)	

$	37,000	

$	27,750	

$	24,893	

$	2,857	
Grounds Maintenance	26,000	19,500	42,522	(23,022)	
Conveyance Ditch	7,600	5,700	4,950	750	
Lake Maintenance	10,200	7,650	6,800	850	
Mitigation Monitoring	6,500	4,875	4,875	-	
Exotic Removal / Landscape Replacement	7,584	7,584	32,980	(25,396)	
Lake Bank Restoration / Trimming	26,802	20,102	-	20,102	
Palm and Tree Trimming	6,836	5,127	-	5,127	
Shrub and Bush Trimming	22,880	17,160	-	17,160	
Field Management	24,000	18,000	18,000	-	
1st Quarter Operating / Contingency	27,285	24,325	24,325	-	
Total Operations and Maintenance	$	202,687	$	157,773	$	159,546	$	(1,773)	
					
Total Expenditures	$	313,375	$	246,027	$	243,448	$	2,579	
					
Excess (Deficiency) of Revenues over Expenditures	$	(0)	$	610	$	5,439	$	4,829	
					
Net Change in Fund Balance			$	5,439		
					
Fund Balance - Beginning			$	145,719		
					
Fund Balance - Ending			$	151,158		

Waterford Estates
Community Development District Debt Service Fund Series 2006A
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ended June 30, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Through 06/30/25	Through 06/30/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	386,025	$	386,025	$	384,890	$	(1,135)	
Interest Income	200	150	20,651	20,501	
Total Revenues	$	386,225	$	386,175	$	405,540	$	19,365	

Expenditures:					
Interest - 11/1	$	98,175	$	98,175	$	98,175	$	-	
Interest - 5/1	98,175	98,175	98,175	-	
Principal - 5/1	195,000	195,000	195,000	-	
Total Expenditures	$	391,350	$	391,350	$	391,350	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(5,125)	$	(5,175)	$	14,190	$	19,365	
					
Net Change in Fund Balance	$	(5,125)	$	(5,175)	$	14,190	$	19,365	
					
Fund Balance - Beginning			$	587,045		
					
Fund Balance - Ending			$	601,235		

Information Technology	83	
Website Maintenance	83	
Postage and Delivery	3	
Insurance General Liability	7,448	

Waterford Estates
Community Development District Month to Month

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

Revenues:														
Special Assessments - On Roll	$	-	$	12,295	$ 191,203  $	18,502	$	4,142  $	2,374  $	13,051	$	893	$	459	$	-	$	-	$	-	$ 242,920	
Interest Income	417	392	598	1,297	696	769	621	598	579	-	-	-	5,968	
Total Revenues	$	417  $  12,686	$ 191,801  $  19,800	$  4,838  $  3,143  $  13,673	$  1,492	$  1,038	$	-	$	-	$	-	$ 248,888	

Expenditures:							
General and Administrative:							
Engineering	$	925  $	-	$	-	$	-	$	129  $	-	$	5,440	$	-	$	-	$	-	$	-	$	-	$	6,494	
Attorney	1,458	1,293	2,420	2,035	1,623	2,173	1,843	1,265	1,795	-	-	-	15,903	
Annual Audit	-	-	-	-	3,800	-	-	-	-	-	-	-	3,800	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	333	4,333	333	333	333	333	333	333	333	-	-	-	7,000	
Assessment Roll Administration	5,000	-	-	-	-	-	-	-	-	-	-	-	5,000	
Trustee Fees	4,246	-	-	-	-	-	-	-	-	-	-	-	4,246	
Management Fees	3,536	3,536	3,536	3,536	3,536	3,536	3,536	3,536	3,536	-	-	-	31,827	

83	83	83	83	83	83	83	83	-	-	-	750	
83	83	83	83	83	83	83	83	-	-	-	750	
3	74	31	24	39	73	24	7	-	-	-	277	
-	-	-	-	-	-	-	-	-	-	-	7,448	
Printing and Binding	15	-	13
Legal Advertising	-	-	-
Other Current Charges	8	42	64	3
-
-	-
-
-	10
-
-	0
-
-	5	-	-	-	-	46
-	-	-	-	-	-
71	2	-	-	-	187	
Office Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dues, Licenses and Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  23,314	$  9,374	$  6,607	$  6,105	$  9,612	$  6,257	$  11,392	$  5,401	$  5,840	$	-  $	-  $	-  $  83,902	

Operations & Maintenance											
Operations and Maintenance
Electric (for Streetlights)	

$	3,032	

$	3,032	

$	3,125	

$	3,141	

$	3,141	

$	3,141	

$	3,141	

$	3,141	

$	-	

$	-	$	-	$	-	$  24,893	
Grounds Maintenance	-	1,180	590	6,792	6,792	6,792	6,792	6,792	6,792	-	-	-	42,522	
Irrigation Maintenance	-	-	-	-	201	-	-	-	-	-	-	-	201	
Conveyance Ditch	-	1,650	-	-	1,650	-	-	1,650	-	-	-	-	4,950	
Lake Maintenance	850	850	850	850	850	850	850	850	-	-	-	-	6,800	
Mitigation Monitoring	-	1,625	-	-	1,625	-	-	1,625	-	-	-	-	4,875	
Exotic Removal / Landscape Replacement	-	-	-	16,085	-	16,805	90	-	-	-	-	-	32,980	
Field Management	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	-	-	-	18,000	
1st Quarter Operating / Contingency	575	6	-	-	23,744	-	-	-	-	-	-	-	24,325	
Subtotal Field Expenditures	$  6,457	$  10,343	$  6,565	$  28,868	$  40,003	$  29,588	$  12,873	$  16,058	$  8,792	$	-  $	-  $	-  $ 159,546	
											
Total Operations & Maintenance	$  6,457	$  10,343	$  6,565	$  28,868	$  40,003	$  29,588	$  12,873	$  16,058	$  8,792	$	-  $	-  $	-  $ 159,546	
											
Total Expenditures	$  29,770	$  19,717	$  13,172	$  34,973	$  49,615	$  35,845	$  24,265	$  21,459	$  14,632	$	-  $	-  $	-  $ 243,448	
											
Excess (Deficiency) of Revenues over Expenditures	$ (29,354)	$  (7,030)	$ 178,629	$ (15,174)	$ (44,777)	$ (32,703)	$ (10,592)	$ (19,967)	$ (13,594)	$	-  $	-  $	-  $	5,439	
											
Net Change in Fund Balance	$ (29,354)	$  (7,030)	$ 178,629	$ (15,174)	$ (44,777)	$ (32,703)	$ (10,592)	$ (19,967)	$ (13,594)	$	-  $	-  $	-  $  5,439	

Waterford Estates
Community Development District Long Term Debt Report

Original Amount:
Interest Rate:
Maturity Date:

Bonds Outstanding - 9/30/24 Less: Principal Payment - 5/1/25	Series 2006 A, Special Assessment Bonds

$5,900,000
5.5%
5/1/2037	

$3,570,000 (195,000)	
Current Bonds Outstanding	$3,375,000	

Waterford Estates
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$	259,187.49	$	410,665.00	$	669,852.49	
	Net Assessments	$	243,636.24	$	386,025.10	$	629,661.34	
ON ROLL ASSESSMENTS	
Allocation in %	
38.69%	
61.31%	
100.00%	

Special Assessment Receipts - Charlotte County

Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	
11/05/24	06/01/24-10/31/24	$	9,828.11	$	393.12	$	188.70	$	-	$	9,246.29	$	3,577.69	$	5,668.60	$	9,246.29	
11/14/24	10/1/24-10/31/24	6,904.00	276.16	132.56	-	6,495.28	2,513.23	3,982.05	6,495.28	
11/21/24	11/1/24-11/3/24	3,379.51	135.18	64.89	-	3,179.44	1,230.23	1,949.21	3,179.44	
11/27/24	11/4/24-11/10/24	13,663.00	546.52	262.33	-	12,854.15	4,973.68	7,880.47	12,854.15	
12/04/24	11/11/24-11/17/24	72,608.97	2,904.36	1,394.09	-	68,310.52	26,431.54	41,878.98	68,310.52	
12/12/24	11/18/24-11/24/24	75,828.65	3,033.15	1,455.91	-	71,339.59	27,603.59	43,736.01	71,339.60	
12/19/24	11/25/24-11/30/24	376,808.44	15,072.34	7,234.71	-	354,501.39	137,168.00	217,333.39	354,501.39	
01/09/25	12/1/24-12/31/24	49,318.30	1,479.55	956.78	-	46,881.98	18,140.15	28,741.83	46,881.98	
01/16/25	INTEREST	-	-	-	936.15	936.15	362.23	573.92	936.15	
02/06/25	1/1/25-1/31/25	11,145.78	222.92	218.45	-	10,704.42	4,141.88	6,562.53	10,704.41	
03/06/25	2/1/25-2/28/25	6,323.97	63.24	125.21	-	6,135.52	2,374.03	3,761.49	6,135.52	
04/10/25	3/1/25-3/31/25	24,831.26	-	496.64	-	24,334.62	9,415.85	14,918.78	24,334.63	
04/17/25	INTEREST	-	-	-	115.32	115.32	44.62	70.70	115.32	
04/24/25	11/1/24-3/31/25	9,469.35	-	189.39	-	9,279.96	3,590.72	5,689.25	9,279.97	
05/07/25	4/1/25-4/30/25	2,355.62	-	47.11	-	2,308.51	893.24	1,415.27	2,308.51	
06/06/25	5/1/2025-5/31/25	1,210.08	-	24.20	-	1,185.88	458.85	727.02	1,185.87	
	TOTAL	$	663,675.04	$	24,126.53	$	12,790.96	$	1,051.47	$	627,809.02	$	242,919.53	$	384,889.50	$	627,809.03	

$

99.08%
6,177.45

Percent Collected Balance Remaining to Collect