Davenport Road South Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407.723.5900
www.davenportroadsouthcdd.com

The following is the proposed agenda for the Board of Supervisors' Meeting for the Davenport Road South Community Development District, scheduled to be held on Wednesday, November 20, 2019 at 9:45 a.m. at the Offices of Cassidy Homes, 346 East Central Ave., Winter Haven, Florida 33880. As always, the personal attendance of three (3) Board Members will be required to constitute quorum
If you would like to attend the Board Meeting by phone, you may do so by dialing: Call-in Number:	1-844-621-3956
Access Code:	790 393 986 #
PROPOSED BOARD OF SUPERVISORS' MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Administration of the Oath of Office to Newly Elected Board Members
Consideration of Resolution 2020-02, Canvassing and Certifying the Results of the Landowners' Election
Consideration of Resolution 2020-03, Appointing District Officers
Consideration of the Minutes of the October 16, 2019 Board of Supervisors' Meeting and the November 5, 2019 Landowners Meeting

Business Matters
Consideration of Resolution 2020-04, Adopting a Fiscal Year 2018-2019 Amended O&M Budget (provided under separate cover)
Ratification of Payment Authorization Nos. 27 - 30
Review of Monthly Financials

Other Business Staff Reports
District Counsel District Engineer District Manager
o	Field Management Update
Supervisor Requests and Audience Comments Adjournment

pfm

Davenport Road South Community Development District

Resolution 2020-02

RESOLUTION 2020-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Davenport Road South Community Development District (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Davenport, Florida; and
WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within 90 days of the District's creation and every two years following the creation of the District for the purpose of electing supervisors of the District; and

WHEREAS, such landowners meeting was held on November 5, 2019, the Minutes of which are attached hereto as Exhibit A, and at which the below recited persons were duly elected by virtue of the votes cast in his/her favor; and

WHEREAS, the Board of Supervisors of the District, by means of this Resolution, desire to canvas the votes and declare and certify the results of said election.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The following persons are found, certified, and declared to have been duly elected as Supervisor of and for the District, having been elected by the votes cast in their favor as shown:

    Lauren Schwenk	 Andrew Rhinehart
    Patrick Marone	

Seat 2
Seat 3
Seat 4

Votes	9 --
Votes ---=-5 --
Votes ---9 --

SECTION 2. In accordance with Section 190.006(2), Florida Statutes, and by virtue of the number of votes cast for the Supervisor, the above-named person is declared to have been elected for the following term of office:

Lauren Schwenk Patrick Marone Andrew Rhinehart

4 Year Term
4 Year Term
2 Year Term

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

PASSED AND ADOPTED this -- day of 	, 2019.

ATTEST:		DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Vice/Chairperson, Board of Supervisors

Davenport Road South Community Development District

Resolution 2020-03

RESOLUTION 2020-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS. the Davenport Road South Community Development District (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the "Board"), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT:

Section 1. 	is elected Chairman. Section 2.	is elected Vice Chairman.
Section 3.	is elected Secretary.
 	is elected Assistant Secretary.
 	is elected Assistant Secretary.
 	is elected Assistant Secretary.
 	is elected Assistant Secretary.
Section 4. _ 	is elected Treasurer.
Section 5. 	is elected Assistant Treasurer.
Section 6. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.
Section 7. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED THIS 20™ DAY OF NOVEMBER, 2019.

ATTEST:

Secretary/Assistant Secretary

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

Davenport Road South Community Development District

Minutes

MINUTES OF MEETING

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS'MEETING
Wednesday October 16, 2019 at 9:48 a.m.
Offices of Cassidy Homes, 346 East Central Avenue, Winter Haven, Florida 33880

Board Members present at roll call:

Rennie Heath Lauren Schwenk Patrick Marone Andrew Rhinehart Scott Shapiro

Also Present:

Board Member Board Member Board Member Board Member Board Member

(joined @ 9:55 a.m.)
(via phone)

Jane Gaarlandt Dexter Glasgow Sonali Patil RoyVanWyk

FIRST ORDER OF BUSINESS

PFM PFM
PFM	(via phone)
Hopping Green & Sams, P.A.	(via phone)

Call to Order and Roll Call

The meeting was called to order approximately at 10:48 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS

There were no members of the public present.

THIRD ORDER OF BUSINESS

Public Comment Period

Consideration of the Minutes of the August 21, 2019 Board of Supervisors' Meeting

The Board reviewed the Minutes of the August 21, 2019 Board of Supervisors' Meeting.

Page 1  of 4

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Board approved the Minutes of the August 21, 2019 Board of Supervisors' Meeting.

FOURTH ORDER OF BUSINESS		Public Hearing on the Adoption of the Amended and restated Rules of Procedure
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020- 01, Adopting the Amended and Restated Rules of Procedure

Ms. Gaarlandt requested a motion to open the public hearing.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Board opened the Public Hearing.

There were no members of the public present. Ms. Gaarlandt requested a motion to close the public hearing.

On MOTION by Mr. Marone, seconded by Mr. Heath, with all in favor, the Board closed the Public Hearing.

Ms. Gaarlandt presented Resolution 2020-01 to the Board for review and approval.

On MOTION by Mr. Heath seconded by Ms. Schwenk, with all in favor, the Board approved Resolution 2020-01, Adopting the Amended and Restated Rules of Procedure.

FIFTH ORDER OF BUSINESS

Consideration of Proposal & Agreement between the District and VGlobalTech for Website Auditing Services

Page 2 of 4

Ms. Gaarlandt presented the Proposal & Agreement that outline the Website Auditing Services.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Board approved the Proposal & Agreement between the District and VGlobalTech for Website Auditing Services.

SIXTH ORDER OF BUSINESS		Ratification of Lease Agreement between the District and Navitas for Shade Structure

Ms. Gaarlandt explained that this is the agreement for the Shade Structure that was previously approved by the Board.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Board ratified the Lease Agreement between the District and Navitas for Shade Structure.

SEVENTH ORDER OF BUSINESS		Ratification of Payment Authorization Nos. 20- 26

The Board reviewed payment authorizations numbers 20 - 26.

On MOTION by Ms. Schwenk, seconded by Mr. Heath, with all in favor, the Board ratified Payment Authorization Nos. 20- 26.

EIGHTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the monthly financials. There was no action required by the Board.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel - District Engineer - District Manager -

No Report Not Present
Mr. Glasgow provided an update to the Board. District staff moved forward on the venting and cooling for the electronics. The cameras are in and are

Page 3 of 4

crystal clear. The digital zoom is better than anticipated. Mr. was notified that someone had stayed in the bathroom overnight and will go back and check the footage to see how they might have gained access and follow up.

Mr. Rhinehart joined the meeting in progress at 9:56 a.m.

TENTH ORDER OF BUSINESS	Supervisor Requests and Audience Comments

There were no Supervisor requests or audience comments.

ELEVENTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments. Ms. Gaarlandt requested a motion to adjourn.

ON MOTION by Ms. Schwenk, seconded by Mr. Rhinehart, with all in favor, the October 16, 2019 Board of Supervisors' Meeting for the Davenport Road South Community Development District was adjourned.

Secretary I Assistant Secretary	Chairman / Vice Chairman

Page 4of 4

MINUTES OF MEETING

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT LANDOWNERS'MEETING
Tuesday, November 5, 2019 at 9:30 a.m. Offices of Cassidy Homes
346 East Central Ave., Winter Haven, Florida 33880

Present:

Rennie (Warren) Heath Jane Gaarlandt Victoria Martinez Michelle Rigoni

FIRST ORDER OF BUSINESS

PFM PFM
Hopping Green & Sams, P.A.	(via phone)

Call to Order and Roll Call

The meeting was called to order at 9:30 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS	Appointment of Chairperson for the Purposes of Conducting the Landowners' Meeting

Ms. Gaarlandt, as District manager, served as the Chair for the District's Landowners' Meeting.

THIRD ORDER OF BUSINESS		Determination of Number of Voting Units Represented or Assigned by Proxy

The owners of the land within the District or any landowner proxy holders were asked to identify themselves. Mr. Heath, as Proxy Holder for Orchid Grove, LLC, a landowner within the District with
8.23 acres, presented a Landowner Proxy showing 9 authorized votes. There were no other Landowner or landowner representatives present.

FOURTH ORDER OF BUSINESS	Acceptance of Nominations for the Board of Supervisors

Ms. Gaarlandt noted that the three (3) seats up for election are Seat 2, currently held by Lauren Schwenk; Seat 3, currently held by Andrew Rhinehart; and Seat 4, currently held by Patrick Marone. The two candidates receiving the highest numbers of votes will serve 4-year terms, and the candidate receiving the next highest number will serve a 2-year term.

Ms. Gaarlandt opened the floor for nomination. Mr. Heath nominated Lauren Schwenk, Andrew Rhinehart, and Patrick Marone.

Fl"H ORDER OF BUSINESS	Casting of Ballots

Mr. Gaarlandt noted that Mr. Heath can cast up to 9 votes per candidate.
Mr. Heath cast 9 votes for Lauren Schwenk, 9 votes for Patrick Marone, and 5 votes for Andrew Rhinehart.

SIXTH ORDER OF BUSINESS		Ballot	Tabulations	and Announcement of Election Results

Ms. Schwenk was awarded 9 votes, Mr. Marone was awarded 9 votes, and Mr. Rhinehart was awarded 5 votes.
Ms. Schwenk and Mr. Marone will each serve a 4-year term, and Mr. Rhinehart will serve a 2-year term.

SEVENTH ORDER OF BUSINESS	Adjournment

Ms. Gaarlandt adjourned the Landowners' Election.

Davenport Road South Community Development District

Resolution 2020-04
(provided under separate cover)

.

Davenport Road South Community Development District

Payment Authorization Nos. 27 - 30

DVENPORTROADSOUTH
COMM UNITY DEV ELO P ME NTDIS TRICT

Payment Authorization 27
10/1512019

Item No.	Payee	Invoice Number	General Fund	General Fund	
			FY19	FY20	
1	A&R Contracting & Cleaning, LLC				
	Install a door louer on the electrical room door	250		$	214.20	
2	City of Davenport				
Pool Meter 9/5-10/4	3333	$	103.80		
3	Creative Association Services, Inc.				
October 2019 Landscape Maintenance	6292		$ 2,390.00	
4	Duke Energy				
	97796 57410 000 Davenport Blvd Lite.
34486 92325 1420 South Blvd W lite	10.2019
10.2019	$
$	1,325.70
16.46			
	57014 95486 Ludisla Loop Street Lite	10.2019	$	46.97			
	97970 13229 1534 South Blvd Lite
97883 80299 101 Sandestin Dr Entrance Wall	10.2019
10.2019	$
$	16.46
14.58			
5	Lerner Reporting Services, Inc.						
	FY20 Annual Disclosure Fee (Serles 2018)	178			$	5.000.00	
e	Navltas Credit Corp
October 2019 Playground Equipment Lease Payment	$	527.41

Subtotal per FY	$1,523.97	$8,131.61

Secretary / Assistant Secretary	-zj�
OCT 1 5 2019

DAVENPORTROADSOUTH
COM MUNITY DEVELOPMENT DISTRICT

Payment Authorization 28
10/21/2019

Item No.	Payee	Invoice Number	General Fund	General Fund	
			FY19	FY20	
1	Busnln••• ObHrver
Legal Advertising 10/11 and 10/18 publish date	
19-01835K		
$	192.50	
2	City of Da�nport
Water Meter 9/5-10/4		
$	53.63		
3	Complete Pool Care
November 2019 Pool Service	
13302		
$ 1,525.00	
4	Fuqua Janitorial Services
October 2019 Clubhouse Cleaning	
7917		
$ 1,105.00	

Subtotal per FY Total

$53.63
$2,876.13

$2,822.50

Secretary/ Assistant Secretary

DVENPORTROADSOUTH
COMM UNITY DEVE  LO P ME NTDIS TR ICT

Payment Authorization 29
11/512019
Item	Payee
No.

Invoice Number

1	City of Davenport	
	Waterservice 10/5-10/17 Final	$	7.26	
		
Electric service 9/23/19-10/21119		s	719.82	
3	Florida Department of Economic Opportunity				
FY20 Annual Fee	74673	$	175.00	
4	Hopping Green & Same				
Oc1ober 2019 Clubhouse Cleaning	110662	$	576.87	
5	Navltaa Credit Corporation				
November 2019 Playground Lease		$	1,722.66	
6	Orkin				
November Pest Control		$	48.15	
7	PFM Group Con■ultlng, LLC				
	October 2019 District Management Fee	DM-10-2019-0022		$ 1,666.67	
	October 2019 Website Fee	DM-10-2019-0023		$	100.00	
8	Spectrum Bu■ln•••				
	10/27/19-11126/19 Business lntemet			$	133.51	
	8/27/19-9/26/19 Business Internet		$	235.90		
	9/27/19-10/26/19 Business Internet			$	129.97	

General Fund FY19

General Fund FY20

2	Duke Energy

Subtotal per FY Total

$235.90
$5,515.81

$5,279.91

Secretary I Assistant Secretaty

DAVENPORT ROAD SOUTH
COMMUNI TY DEVELOPMENT D I S TRICT 

Payment Authorization 30 11/11fl019
Item	Payee
No.

Invoice	General
Number	Fund

General Fund

 	FY19	
City of Davenport

FY20

water service 10/7-11/5/19

Duke Energy
Electric service 10/2-10/31/19

The Ledger/News Chief Legal AJJ run date 10/9/19

PFM Group ConsuHlng, LLC
September 2019 Postage

Secretary / Assistant Secretary

L060G0J0QA
OE-EXP-00472	$	39.10

?d-t

-

Subtotal per FY		$39.10 Total	$1,815.10
Ch irpe

$	103.80

$ 1,325.70

$	346.50

$1,776.00

0

0

0

Davenport Road South Community Development District

Monthly Financials

Davenport Road South CDD Statement of Financial Position As of 1 0/31/201 9

Current Assets	General Fund		Debt Service Fund

Assets		Capital Projects Fund		Long Term Debt
Group		Total	
General Checking Account	$70,884.50								$70,884.50	
Deposits	1,121 .00								1,1 21 .00	
Debt Service Reserve S 2018 Bond			$223,637.50						223,637.50	
Revenue S 2018 Bond			31,819.41						31 ,819.41	
Interest S 2018 Bond			167,312.50						1 67,312.50	
Sinking Fund A1 Bond			110,000.00						11 0,000.00	
Acquisition/Construction S 2018 Bond					$766.87				766.87	
Total Current Assets	$72,005.50		$532,769.41		$766.87		$0.00		$605,541 .78	

Investments
Amount Available in Debt Service Funds					$532,769.41		$532,769.41	
Amount To Be Provided					6,297,230.59		6,297,230.59	
Total Investments	$0.00		S0.00		$6,830,000.00		$6,830,000.00	

Total Assets

Current Liabilities
Accounts Payable
Total Current Liabilities

Long Term Liabilities

$72,005.50	$532,769.41

Liabilities and Net Assets

$615.97
$615.97	$0.00

$766.87	$6,830,000.00	$7,435,541.78

$615.97
$0.00	$0.00	$615.97

Revenue Bonds Payable • Long-Term					$6,830,000.00		$6,830,000.00	
Total Long Term Liabilities	$0.00		$0,00		$6,830,000.00		$6,830,000.00	

Total Liabilities

$615•97	$0.00

$0.00	$6,830,000.00	$6,830,615.97

Davenport Road South COD Statement of Financial Position As of 1 0/31/201 9

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt
Group

Totali

Net Assets
Net Assets, Unrestricted	$651 .92									$651.92	
Net Assets - General Government	112,829.41									$1 12,829.41	
Current Year Net Assets - General Government	(42,091 .80}									($42,091 .80)	
Net Assets, Unrestricted			$532,769.41							$532,769.41	
Current Year Net Assets, Unrestricted										$0.00	
Net Assets, Unrestricted						$766.87				$766.87	
Current Year Net Assets, Unrestricted										$0.00	
Total Net Assets	$71,389.53		$532,769.41			$766.87		$0.00		$604,925.81	
											
Total Liabilities and Net Assets	$72,005.50		$532,769.41			$766.87		$6,830,000.00		$7,435,541 .78	

Revenues

Davenport Road South CDD
Statement of Activities As of 1 0/31/201 9
General Fund	Debt Service Fund	Capital Projects Fund	Long Term Debt	T.I
Group

Total Revenues	$0.00		$0.00		$0.00		$0.00		$0.00	
Expenses										
Public Officials & EPLI	$2,537.00								$2,537.00	
Trustee Services	1 ,548.91								1 ,548.91	
Dissemination Agent	5,000.00								5,000.00	
Assessment Administration	7,500.00								7,500.00	
Legal Advertising	1 92.50								1 92.50	
Leased Space	2,250.07								2,250.07	
Security	4,580.00								4,580.00	
Maintenance Staff	1,319.20								1,319.20	
Amenity - Pool Maintenance	1, 525.00								1, 525.00	
Cable Television	129.97								129.97	
General Liability Insurance	3,101 .00								3,101.00	
Property & Casualty	8,445.00								8,445.00	
Landscaping Maintenance & Material	2,390.00								2,390.00	
Pest Control	48.15								48.15	
Swimming Pools	1, 525.00								1, 525.00	
Total Expenses	$42,091.80		$0.00		$0.00		$0.00		$42,091 .80	
Other Revenues (Expenses) & Gains (Losses)										
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00				$0.00	
Change In Net Assets	($42,091 .80)		$0.00		$0.00		$0.00		($42,091 .80)	

Net Assets At Beginning Of Period	$113,481.33		$532,769.41		$766.87		$0.00		$647,017.61	

Net Assets At End Of Period	
$71 ,389.53		
$532,769.41		
$766.87		
$0.00		
$604,925.81	

Davenport Road South CDD
Budget to Actual
For the Month Ending 1 0/31/2019 
Year To Date
Actual	Budget	Variance     FY 2020 Adopted
Budget

4,946 50

(4,946.50)

Revenues
Ott-Roll Assessments	$		$	21 ,918.42		$	(21,918.42)		$	263,021.00	
Oeveloper Contributions							59,358.00	
Other Revenue								
Net RevenuH	$		s	26,864.92		s	(26,864.92)		$	322,379.00	

Supervisor Fees	$	$	500.00	$	(500.00)	$	6,000.00	
D&O Insurance	2,537.00	233.33	2,303.67	2,800.00	
Trustee Services	1,548.91	500.00	1 ,046.91	6,000.00	
Management		1 ,666.67	(1 ,666.67)	20,000.00	
Field Management		150.00	(150.00)	1 ,800.00	
Engineering		833.33	(833.33)	10,000.00	
Dissemination Agent	5,000.00	416.67	4,583.33	5,000.00	
District Counsel		1,666.67	(1 ,666.67)	20,000.00	
Assessment Administration	7,500.00	625.00	6,875.00	7,500.00	
Reamortization Schedules		20.83	(20.83)	250.00	
Audit		500.00	(500.00)	6,000.00	
Telephone		16.67	(16.67)	200.00	
Poslage & Shipping		25.00	(25.00)	300.00	
Copies		41 .67	(41 .67)	500.00	
Legal Advertising	192.50	250.00	(57.50)	3,000.00	
Miscellaneous		91.67	(91 .67)	1,100.00	
Storm Clean up and Repairs		625.00	(625.00)	7,500.00	
Web Site Maintenance		241.67	(241.67)	2,900.00	
Dues, Licenses, and Fees		20.83	(20.83)	250.00	
Contingency	 		 	1,593.68	 	(1 ,593.68)	 	19,124.20	

General & Administrative Exl!!nsea

General Insurance	$	3,101.00		$	283.33		$	2,817.67		$	3,400 00	
Irrigation			666.67		(666.67)		8,000.00	
Landscaping Maintenance	2,390.00		2,916.67		(526.67)		35,000.00	
landscaping Improvements • Mulch & Rowers			1,041.67		(1 ,041.67)		12,500.00	
Fertilization			468.00		(468.00)		5,616.00	
Contingency			444.50		(444.50)		5,334.00	
Streetlights			1,512.90		(1,512.90)		18,154.80	
Total Field Expenses	$	5,491.00		$	7,333.73		$	(1,842.73)		$	88,004.80	
Cabana & Pool Ex(!!naea					
Playground lease	$	2,250.07	$	1,666.67	$	$	20,000.00	
Security	4,580.00	625.00	3,955.00	7,500.00	
Janitorial Service	1 ,319.20	1,250.00	69.20	15,000.00	
Contingency		625.00	(625.00)	7,500.00	
Electric		1,666.67	(1,666.671	20,000.00	
Cable Television	129.97	75.00		900.00	
Property & Casualty	8,445.00	833.33	7,611 .67	10,000.00	
Equipment Repair & Maintenanee		416.67	(416.67)	5,000.00	
Pest Control	48.15		(35.18)	1 ,000.00	
Signage & Amenities Repair		62.50	(62.50)	750.00	
Swimming Pools	3,050.00	1,583.33	1 ,466.67	19,000.00	
Pool and Cabana Water		625.00	(625.00)	7,500.00	

Total General & Administrative Expenses	$	16,778.41	$	10,018.68	s	6,759.73	s	120,224.20 Field Expenses

83.33

Total Cabana & Pool Expenses		s   19,822.39     $     9,512.50     s   10,309.89      s   114,1 50.00 Total Expense•		$     42,091.80     s   26,864.92     $     15,226.88      s  322,379.00   Income (LoH) from Operation•		$      (42,091.80)       $	$ (42,091.80) $
Other [l!!i§!ffle(EXl!!nH}
Interest Income			$			$			$		$ Total Other lnc;ome (Expense)			s			$			$		$ Net Income (Lo11)	s	(42,091.80)	$			s	(42,091.80)	$