Davenport Road South Community Development District

Agenda May 4, 2022

!!"#$%

Davenport Road South
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

April 27, 2022

Board of Supervisors Davenport Road South
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Davenport Road South Community Development District will be held Wednesday, May 4, 2022 at 9:30 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom  Video  Link:  https://us06web.zoom.us/j/93981231590
Zoom Call-In Information: 1-646-876-9923
Meeting ID: 939 8123 1590

Following is the advance agenda for the meeting:

Roll Call
Public Comment Period (Public comments can be submitted via email to the District Manager at tadams@gmscfl.com prior to the beginning of the meeting)
Approval of Minutes of the April 6, 2022 Board of Supervisors Meeting
Consideration of Resolution 2022-06 Approving the Proposed Fiscal Year 2023 Budget and Setting a Public Hearing
Review and Acceptance of Fiscal Year 2021 Audit
Review of Stormwater Needs Analysis Report
Consideration of Pool Maintenance Proposal with Resort Pool Services
Consideration of Proposal for Solar Lights at Mailboxes
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Number of Registered Voters: 477
Other Business
Supervisors Requests and Audience Comments
Adjournment

Sincerely,
Tricia Adams

!!"#$%&

MINUTES OF MEETING DAVENPORT ROAD SOUTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Davenport Road South Community Development District was held Wednesday, April 6, 2022, at 9:30 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom.

Present and constituting a quorum:

Adam Rhinehart	Vice Chairman
Andrew Rhinehart	Assistant Secretary
Lindsay Roden	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Meredith Hammock	District Counsel, KE Law Group
Rey Malave by Zoom	District Engineer, Dewberry Engineering
Marshall Tindall	Field Management Staff, GMS Orchid Grove HOA Board members
Orchid Grove residents

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order and called the roll. There were three members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams stated that there were several request to speak comment cards submitted, some pertaining to security matters. Ms. Adams noted that there is a closed session scheduled as part of the meeting. Florida statute allows for meetings outside of the public when discussing confidential security matters and that discussion will ensue during the closed session. Because it is a closed session, the public will not be permitted. Ms. Adams suggested that their comments be heard at this time.

Bonnie Lacayo: Ms. Lacayo stated that she has issues with the pool and the security of the pool. She is concerned that people are jumping the fence to enter the pool, or they will prop the door open or let someone who may not have a key in. She also believes there might be drugs being sold. Ms. Hammock noted that the District does not have policing power and reminded the residents that if they believe there are any illegal activities happening that they should inform the local police.
Maxím Dorvilien: his comments were concerning the streetlights and how it gets too dark in the parking lot at nighttime.

THIRD ORDER OF BUSINESS	Organizational Matters
Consideration of Resolution 2022-04 Electing Officers
Ms. Adams stated that because there is a new Board member that has been appointed, they need to assign a position for the new Board member. She stated that the Board may want to consider leaving the existing slate of officers and appointing Ms. Roden as Assistant Secretary.

On MOTION by Mr. Andrew Rhinehart, seconded by Mr. Adam Rhinehart, with all in favor, Resolution 2022-04 Appointing Ms. Lindsey Roden as Assistant Secretary, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the February 2,
2022 Board of Supervisors Meeting
Ms. Adams presented the minutes from the February 2, 2022 Board of Supervisors meeting and asked for any comments or corrections from the Board. There being none, there was a motion of approval.

On MOTION by Mr. Andrew Rhinehart, seconded by Mr. Adam Rhinehart, with all in favor, the Minutes of the February 2, 2022 Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-05
Authorizing	the	Use	of	Electronic Documents and Signatures
Ms. Hammock presented this resolution to the Board and stated that it permits the items requiring signatures on behalf of the District that can be signed electronically, to be signed

electronically. There will still be some documents that will need actual signatures, but this will allow for the flexibility of electronic documents and signatures.

On MOTION by Mr. Andrew Rhinehart, seconded by Ms. Roden, with all in favor, Resolution 2022-05 Authorizing the Use of Electronic Documents and Signatures, was approved.

SIXTH ORDER OF BUSINESS	Review and Acceptance of Draft Fiscal
Year 2021 Audit Report
Ms. Adams noted that subsequent to the publication of the agenda they have received the final audit with some non-substantive corrections from accounting. Every year the District is required to submit an independent audit to the State. This audit is for the fiscal year that ended September 30, 2021. The draft is included in the agenda packet for Board review and the most salient points are included towards the end of the audit. Ms. Adams reported that this is what is considered as a clean audit, there were no deficiencies or concerns with internal controls and the financials are in compliance with accounting standards.

On MOTION by Mr. Andrew Rhinehart, seconded by Ms. Roden, with all in favor, Acceptance of Draft Fiscal Year 2021 Audit Report, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	New	Janitorial
Maintenance Contract with CSS
Ms. Adams stated that this item is due to a change in the organizational structure with the janitorial services that have been serving the CDD. Unfortunately, due to labor shortages and increasing business expenses, the vendor serving in this capacity has resigned. Field services staff have been working with another janitorial service provider who has been servicing other Districts in the area to satisfaction and they are recommending the CDD use them moving forward. The scope is virtually the same as the previous services and the price is a little better. There is annual funding in the budget to cover the cost of custodial services. Mr. Tindall who has been working closely to ensure there was no lapse in service is recommending that the Board move forward with CSS for janitorial services.

On MOTION by Mr. Andrew Rhinehart, seconded by Ms. Roden, the New Janitorial Maintenance Contract with CSS, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated she had nothing further to report.

Engineer
Mr. Malave reported that the Board should expect to have a draft of the stormwater needs analysis at their May meeting.

Field Manager’s Report
Mr. Tindall reviewed the field manager’s report for the Board. Completed items include:
Pool lift repaired and operational again.
Added stone at dog park spigot to stop washout area.
Approved toilet paper dispensers have been replaced.
Repaired two damaged exterior outlets.
Repaired exterior door latch to men’s restroom.
Continued monitoring landscaping maintenance with the vendor.
Gopher scram treatment has been applied and is being monitored for effectiveness.
Staff will reach out to the local school where the gophers seem to be coming from to see if they have thought of mitigation at all.

In process items include:
Sidewalk reviews have been completed.
Working to coordinate repairs with municipality where appropriate.
Assembling proposals for remaining repairs.
Assessing furniture for repairs or replacement.
Plant bed refresh at the amenity and entrances.

District Manager’s Report
Approval of Check Register
Ms. Adams presented the check register from January 1st through January 31st for the Board’s approval. The total amount is $444,324.65. A large check in excess of $400,000 was for a transfer of the debt service fees.

On MOTION by Mr. Andrew Rhinehart, seconded by Mr. Adam Rhinehart, with all in favor, the Check Register for $444,324.65, was approved.

Balance Sheet and Income Statement
Ms. Adams noted that the financials were included in the agenda package and were for informational purposes for the Board. There was no action required.

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

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Adams opened the floor for audience comments.
Elidio Suriel: The HOA Board of Directors would like to thank the CDD for allowing the shared use of the bulletin board at the amenity center and asked for access to it as soon as possible.
Ms. Adams noted for the Board’s information that there was a request from the HOA to post official HOA notices on the community bulletin board and asked for approval of the request. As soon as they locate the key for the bulletin board, they will coordinate efforts with the HOA to give them access to it.

On MOTION by Mr. Andrew Rhinehart, seconded by Ms. Roden, with all in favor, Allowing the HOA to use the CDD Bulletin Board Coordinated by Field Management Staff, was approved.

Wil Lacayo: Inquired about the parking areas and certain roads and the installments of speed bumps. He is proposing a rezoning of some of the parking areas in the through streets where there is a lot of traffic.
Ms. Adams stated that she just received a five-page document and noted that staff is not prepared to provide an evaluation at this point. She will take it into consideration and report back at the next Board Meeting regarding any recommendations.

ELEVENTH ORDER OF BUSINESS	Consideration of Proposals for Security
Services
Ms. Adams began the closed session for the consideration of proposals for security services and asked the public to leave at this time.

TWELTH ORDER OF BUSINESS	Board Action Related to Security Services

On MOTION by Mr. Andrew Rhinehart, seconded by Ms. Roden, with all in favor, the Proposal from Securitas for Security Services, was approved.

THIRTEENTH ORDER OF BUSINESS	Adjournment
Ms. Adams adjourned the meeting.

On MOTION by Mr. Andrew Rhinehart, seconded by Mr. Adam Rhinehart, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

!!"#$%&  "#

RESOLUTION 2022-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Davenport Road South Community Development District (“District”) prior to June 15, 2022, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”); and

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2022/2023 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

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

DATE:	August 3, 2022

HOUR:	9:30 a.m.

LOCATION:	Holiday Inn – Winter Haven
200 Cypress Gardens Blvd., Winter Haven, FL 33880

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

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

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

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

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

PASSED AND ADOPTED THIS 4th DAY OF MAY, 2022.

ATTEST:	DAVENPORT ROAD SOUTH COMMUNITY	DEVELOPMENT DISTRICT

By:	
Secretary	Its:	

Davenport Road South
Community Development District

Proposed Budget
FY 2023

6M3

Table of Contents

1-2

3-6

7

8

	General Fund

	General Fund Narrative

	Series 2018 Debt Service Fund

	Series 2018 Amortization Schedule

9		Capital Reserve Fund

Community Development District

Proposed Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Revenues						
Assessments - On Roll	$355,842	$354,207	$1,635	$355,842	$	355,842	
Contribution from HM West	$77,147	$0	$77,147	$77,147	$92,626	
Other Income	$0	$70	$0	$70	$0	
Total Revenues	$	432,989	$	354,277	$	78,782	$	433,059	$	448,468	

Expenditures						
Administrative						
Supervisor Fees	$12,000	$1,800	$4,000	$5,800	$12,000	
Engineering	$10,000	$128	$8,000	$8,128	$10,000	
Dissemination Fees	$5,000	$2,500	$2,600	$5,100	$5,000	
Attorney Fees	$20,000	$2,944	$3,927	$6,871	$18,000	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000	
Annual Audit	$4,100	$4,100	$0	$4,100	$4,200	
Trustee Fees	$6,000	$3,717	$1,549	$5,266	$6,000	
Management Fees	$36,050	$18,025	$18,025	$36,050	$37,853	
Information Technology	$1,500	$750	$750	$1,500	$1,500	
Website Maintenance	$2,700	$2,050	$1,350	$3,400	$1,500	
Postage	$950	$41	$192	$233	$850	
Telephone	$200	$0	$50	$50	$100	
Printing & Binding	$350	$63	$25	$88	$150	
Insurance	$6,512	$6,127	$0	$6,127	$7,352	
Legal Advertising	$5,750	$1,015	$2,194	$3,210	$5,750	
Contingency	$2,500	$262	$779	$1,041	$3,357	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	

Total Administrative	$118,787	$48,697	$43,441	$92,138	$118,787	

Community Development District

Proposed Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Operation and Maintenance
Field Expenses
Field Management	

$	15,000	

$7,500	

$7,500	

$15,000	

$	15,750	
Electric	$	5,000	$754	$997	$1,751	$	3,000	
Streetlights	$	16,800	$8,662	$9,600	$18,262	$	19,000	
Landscape Maintenance	$	39,850	$15,800	$16,800	$32,600	$	35,000	
Landscape Replacement & Enhancement	$	25,000	$0	$12,500	$12,500	$	25,000	
Irrigation Repairs	$	6,000	$1,366	$1,366	$2,732	$	6,000	
General Field Repairs & Maintenance	$	7,500	$960	$960	$1,920	$	12,500	
Contingency	$	7,500	$4,011	$2,450	$6,462	$	7,500	
Subtotal	$122,650	$39,054	$52,173	$91,227	$123,750	

Amenity Expenses
Property Insurance	

$	10,941	

$10,294	

$0	

$10,294	

$	12,353	
Security	$	18,000	$0	$3,000	$3,000	$	35,000	
Landscape Maintenace-Amenity	$	15,630	$6,720	$6,720	$13,440	$	14,500	
Landscape Replacement-Amenity	$	7,500	$0	$1,250	$1,250	$	7,500	
Pest Control	$	1,000	$306	$306	$612	$	750	
Pool Maintenance	$	19,000	$9,150	$9,150	$18,300	$	18,000	
Janitorial Services	$	8,580	$4,177	$3,624	$7,801	$	9,000	
Amenity-Electric	$	15,000	$7,896	$7,896	$15,792	$	16,200	
Amenity-Water	$	2,000	$729	$780	$1,509	$	2,000	
Cable/Internet	$	1,900	$968	$1,068	$2,036	$	2,150	
Playground Lease	$	27,001	$13,500	$13,500	$27,001	$	27,001	
Amenity Repairs & Maintenance	$	10,000	$1,352	$924	$2,276	$	13,000	
Amenity Access Management	$	-	$2,500	$2,500	$5,000	$	5,000	
Amenity Contingency	$	5,000	$4,044	$	956	$5,000	$	7,500	
Subtotal	 $	141,552	$	61,636	$	51,674	$	113,310	$	169,954 	
Subtotal Field Expenses	$	264,202	$	100,689	$	103,848	$	204,537	$	293,704	
						
Total Expenditures	$	382,989	$	149,386	$	147,288	$	296,675	$	412,490	

Other Financing Sources/Uses:						
Capital Reserve	$	(50,000)	$	-	$	(50,000)	$	(50,000)	$	(35,978)	
Total Other Financing Sources/Uses	$	(50,000)	$	-	$	(50,000)	$	(50,000)	$	(35,978)	

Excess Revenues/(Expenditures)	$	-	$	204,891	$  (118,506)	$	86,385	$	(0)	

Net Assessments	$	355,842	
Add: Discounts & Collections 7%	$26,784	
Gross Assessments	$382,626	

Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Platted	369.00	369.00	1.00	$355,842.21	$964.34	$1,036.93	

Davenport Road South Community Development District
General Fund Budget

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

Contribution from Highland Meadow West

The District has an interlocal agreement with Highland Meadows West for shared amenity facilities with certain costs being allocated based upon the proportionate number of platted units in each District.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. Amount is based on 5 Supervisors attending 5 meetings during the fiscal year.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Fees

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues

Attorney

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

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Trustee Fees

The District will pay annual trustee fees for the proposed bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services.

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements. These are a part of the management agreement with Governmental Management Services.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. These are a part of the agreement with VGlobal.

Postage

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

Telephone

Telephone and fax machine.

Printing & Binding

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

Insurance

The District’s general liability, public officials liability and property insurance coverages.

Legal Advertising

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

Contingency

Bank charges and any other miscellaneous expenses incurred during the year.

Dues, Licenses & Subscriptions

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

Operation and Maintenance Field Expenditures:

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Street Lights

Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement & Enhancement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Field Repairs & Maintenance

The estimated costs that the District will incur for repairs and maintenance.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Property Insurance

The District’s property insurance coverages.

Security

Represents security services provided throughout the fiscal year.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the Amenity of the District.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the Amenity of the District.

Pest Control

Represents pest control for monthly treatment at the Amenity Center.

Pool Maintenance

The District will contract with respective companies to provide pool chemicals and pool maintenance services

Janitorial Services

This line item represents janitorial services provided for the Amenity Center.

Electric – Amenity

This represents the estimated cost for electric utility of the Amenity Center.

Water – Amenity

Represents current and estimated costs for water and refuse services provided.

Cable/Internet

The District will obtain cable television, cable and internet services at the Amenity Center.

Playground Lease

The District has entered into a leasing agreement for playgrounds installed in the community.

Amenity Repairs & Maintenance

Represents estimated general cost for repairs and maintenance of the amenity center.

Amenity Access Management

Represents the cost of managing and monitoring access to the District’s amenity facilities.

Amenity Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any category.

Other Financing Sources/(Uses)

Capital Reserve

Represents projected excess funds transfer out to the Capital Projects fund.

Davenport Road South
Community Development District Proposed Budget
Debt Service Fund Series 2018

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2022	

Revenues						

Assessments - Tax Roll	$	447,275	$	445,218	
$	2,057	
$	447,275	
$	447,275	
Interest	$	-	$	13	$	4	$	18	$	-	
Carry Forward Surplus (1)	$	343,413	$	343,416	$	-	$	343,416	$	346,775	
Total Revenues	$	790,688	$	788,647	$	2,062	$	790,709	$	794,050	

Expenditures						
Interest - 11/1	$	163,094	$	163,094	$	-	$	163,094	$	160,844	
Principal - 11/1	$	120,000	$	120,000	$	-	$	120,000	$	125,000	
Interest - 5/1	$	160,844	$	-	$	160,844	$	160,844	$	158,500	
Total Expenditures	$	443,938	$	283,094	$	160,844	$	443,938	$	444,344	

Other Sources/(Uses)						
Transfer In/(Out)	$	-	$	4	$	-	$	4	$	-	
Total Other Sources/(Uses)	$	-	$	4	$	-	$	4	$	-	
						
Excess Revenues/(Expenditures)	$	346,750	$	505,558	$	(158,782)	$	346,775	$	349,707	
	
Interest - 11/1/2023	
$	158,500.00	
	Principal - 11/1/2023	$	130,000.00	

(1) Carryforward Surplus is net of Debt Service Reserve Funds	Total	$	288,500.00	

Davenport Road South Community Development District Series 2018 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/22	$	6,485,000.00	$	125	
05/01/23	$	6,360,000.00	$	
11/01/23	$	6,360,000.00	$	130	
05/01/24	$	6,230,000.00	$	
11/01/24	$	6,230,000.00	$	135	
05/01/25	$	6,095,000.00	$	
11/01/25	$	6,095,000.00	$	140	
05/01/26	$	5,955,000.00	$	
11/01/26	$	5,955,000.00	$	145	
05/01/27	$	5,810,000.00	$	
11/01/27	$	5,810,000.00	$	150	
05/01/28	$	5,660,000.00	$	
11/01/28	$	5,660,000.00	$	160	
05/01/29	$	5,500,000.00	$	
11/01/29	$	5,500,000.00	$	165	
05/01/30	$	5,335,000.00	$	
11/01/30	$	5,335,000.00	$	175	
05/01/31	$	5,160,000.00	$	
11/01/31	$	5,160,000.00	$	185	
05/01/32	$	4,975,000.00	$	
11/01/32	$	4,975,000.00	$	190	
05/01/33	$	4,785,000.00	$	
11/01/33	$	4,785,000.00	$	200	
05/01/34	$	4,585,000.00	$	
11/01/34	$	4,585,000.00	$	210	
05/01/35	$	4,375,000.00	$	
11/01/35	$	4,375,000.00	$	220	
05/01/36	$	4,155,000.00	$	
11/01/36	$	4,155,000.00	$	235	
05/01/37	$	3,920,000.00	$	
11/01/37	$	3,920,000.00	$	245	
05/01/38	$	3,675,000.00	$	
11/01/38	$	3,675,000.00	$	255	
05/01/39	$	3,420,000.00	$	
11/01/39	$	3,420,000.00	$	270	
05/01/40	$	3,150,000.00	$	
11/01/40	$	3,150,000.00	$	285	
05/01/41	$	2,865,000.00	$	
11/01/41	$	2,865,000.00	$	300	
05/01/42	$	2,565,000.00	$	
11/01/42	$	2,565,000.00	$	315	
05/01/43	$	2,250,000.00	$	
11/01/43	$	2,250,000.00	$	330	
05/01/44	$	1,920,000.00	$	
11/01/44	$	1,920,000.00	$	345	
05/01/45	$	1,575,000.00	$	
11/01/45	$	1,575,000.00	$	365	
05/01/46	$	1,210,000.00	$	
11/01/46	$	1,210,000.00	$	385	
05/01/47	$	825,000.00	$	
11/01/47	$	825,000.00	$	400	
05/01/48	$	425,000.00	$	
11/01/48	$	425,000.00	$	425	
			$	6,605	

$	160,843.75	$	446,687.50	
$	158,500.00		
$	158,500.00	$	447,000.00	
$	156,062.50		
$	156,062.50	$	447,125.00	
$	153,025.00		
$	153,025.00	$	446,050.00	
$	149,875.00		
$	149,875.00	$	444,750.00	
$	146,612.50		
$	146,612.50	$	443,225.00	
$	143,237.50		
$	143,237.50	$	446,475.00	
$	139,637.50		
$	139,637.50	$	444,275.00	
$	135,512.50		
$	135,512.50	$	446,025.00	
$	131,137.50		
$	131,137.50	$	447,275.00	
$	126,512.50		
$	126,512.50	$	443,025.00	
$	121,762.50		
$	121,762.50	$	443,525.00	
$	116,762.50		
$	116,762.50	$	443,525.00	
$	111,512.50		
$	111,512.50	$	443,025.00	
$	106,012.50		
$	106,012.50	$	447,025.00	
$	100,137.50		
$	100,137.50	$	445,275.00	
$	94,012.50		
$	94,012.50	$	443,025.00	
$	87,637.50		
$	87,637.50	$	445,275.00	
$	80,718.75		
$	80,718.75	$	446,437.50	
$	73,415.63		
$	73,415.63	$	446,831.25	
$	65,728.13		
$	65,728.13	$	446,456.25	
$	57,656.25		
$	57,656.25	$	445,312.50	
$	49,200.00		
$	49,200.00	$	443,400.00	
$	40,359.38		
$	40,359.38	$	445,718.75	
$	31,006.25		
$	31,006.25	$	447,012.50	
$	21,140.63		
$	21,140.63	$	442,281.25	
$	10,890.63		
$	10,890.63	$	446,781.25	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

5,376,975.00  $

12,022,818.75

Davenport Road South
Community Development District Proposed Budget
Capital Reserve

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Revenues

Carry Forward Surplus	

$	-	

$	-	$	-	

$	-	

$	50,000	
Total Revenues	$	-	$	-	$	-	$	-	$	50,000	

Expenditures

Capital Outlay	

$	-	

$	-	$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	50,000	$	-	$	50,000	$	50,000	$	35,978	
Total Other Sources/(Uses)	$	50,000	$	-	$	50,000	$	50,000	$	35,978	
					
Excess Revenues/(Expenditures)	$	50,000	$	-	$	50,000	$	50,000	$	85,978	

!!"#$%& "

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA

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	13-21	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
22	
Notes to Required Supplementary Information	23	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	24	
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	

25-26	
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	

27	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
28-29	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Davenport Road South Community Development District City of Davenport, Florida

Report on the Financial Statements

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

We have audited the accompanying financial statements of the governmental activities and each major fund of Davenport Road South Community Development District, City of Davenport, Florida ("District") as of and for the fiscal year ended September 30, 2021, 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, 2021, 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 Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District’s basic financial statements. The information for compliance with FL Statute 218.39 (3)
(c) is not a required part of the basic financial statements. The information for compliance with FL Statute
218.39 (3) (c) has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated March 24, 2022, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely 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.

March 24, 2022

MANAGEMENT’S DISCUSSION AND ANALYSIS

The management of the Davenport Road South Community Development District, City of Davenport, Florida (“District”) would like to offer the readers of the District’s financial statements this discussion and analysis of the District’s financial activities for the fiscal year ended September 30, 2021. 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 at the close of the most recent fiscal year resulting in a net position deficit balance of ($736,825).

The change in the District’s total net position in comparison with the prior fiscal year was $63,783, 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, 2021, the District’s governmental funds reported combined ending fund balances of
$831,763, an increase of $80,270 in comparison with the prior fiscal year. A portion of fund balance is non-spendable for prepaid items and deposits, restricted for debt service and capital projects and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

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 and liabilities, with the difference between the two 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), amenity, 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, the 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 balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. 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, debt service fund and capital projects fund, all of which are considered 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 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,

Assets, excluding capital assets

2021
$	851,850	$

2020
761,129

Capital assets, net of depreciation	5,174,296	5,323,412

Total assets	6,026,146	6,084,541	
Liabilities, excluding long-term liabilities	155,999	147,344	
Long-term liabilities	6,606,972	6,737,805	
Total liabilities	6,762,971	6,885,149	
Net Position
Net investment in capital assets	
(1,432,676)	
(1,414,393)	
Restricted	431,142	416,291	
Unrestricted	264,709	197,494	
Total net position	$	(736,825)	$	(800,608)	

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 remaining balance of unrestricted net position may be used to meet the District’s other obligations

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,

	2021	2020	
Revenues:			
Program revenues			
Charges for services	$	728,528	$	733,550	
Operating grants and contributions	24	2,333	
Capital grants and contributions	916	666	
General revenues			
Intergovernmental revenue	62,409	59,358	
Unrestricted investment earnings	-	485	
Total revenues	791,877	796,392	
Expenses:			
General government	90,062	82,316	
Maintenance and operations	170,685	154,305	
Amenity	129,631	132,377	
Interest	337,716	344,579	
Total expenses	728,094	713,577	
Change in net position	63,783	82,815	
Net position - beginning	(800,608)	(883,423)	
Net position - ending	$	(736,825)	$	(800,608)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2021 was $728,094. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of assessments, investment earnings, and intergovernmental revenue. In total, expenses increased primarily as a result of field and landscaping maintenance.

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, 2021.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2021, the District had $5,492,184 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $317,888 has been taken, which resulted in a net book value of $5,174,296. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2021, the District had $6,605,000 in Bonds outstanding and $59,932 in capital leases 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 BUDGET

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 property 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 Davenport Road South Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, Florida 32801.

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2021

	Governmental
	Activities		
ASSETS		
Cash	$	256,960	
Assessments receivable	1,442	
Prepaids and deposits	26,390	
Restricted assets:		
Investments	567,058	
Capital assets:		
Depreciable, net		5,174,296 	
Total assets		6,026,146 	
LIABILITIES		
Accounts payable	20,087	
Accrued interest payable	135,912	
Non-current liabilities:		
Due within one year	140,486	
Due in more than one year		6,466,486 	
Total liabilities		6,762,971 	
NET POSITION		
Net investment in capital assets	(1,432,676)	
Restricted for debt service	431,142	
Unrestricted		264,709 	
Total net position	 $	(736,825) 	

See notes to the financial statements

DAVENPORT ROAD SOUTH COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

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

General government	$	90,062	$	90,062	$	-	$	-	$	
Maintenance and operations	170,685	181,671	-	916		
Amenity	129,631	420	-	-		

- 11,902
(129,211)
Interest on long-term debt		337,716	456,375	24	-	118,683 
Total governmental activities		728,094	728,528	24	916	1,374 

General revenues:
Intergovernmental revenue		62,409 	
Total general revenues		62,409 	
Change in net position	63,783	
Net position - beginning		(800,608) 	
Net position - ending	 $	(736,825) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2021

	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds

ASSETS		
Cash	$	256,960	$	-	$	-	$	256,960	
Investments	-	567,054	4	567,058	
Assessments receivable	1,442	-	-	1,442	
Prepaids and deposits	26,390	-	-	26,390	
Total assets	$	284,792	$	567,054	$	4	$	851,850	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	20,087	$	-	$	-	$	20,087	
Total liabilities	20,087	-	-	20,087	

Fund balances:
Nonspendable:
Prepaids and deposits Restricted for:
Debt service		26,390

-		-

567,054		-

-			26,390

567,054	
Unassigned		238,315		-			4		238,319	
Total fund balances		264,705		567,054			4		831,763	

Total liabilities and fund balances	
$	
284,792	
$	
567,054	
$		
4	
$	
851,850	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2021

Total fund balances - governmental funds	$
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 in the net position of the government as a whole.
Cost of capital assets	5,492,184

831,763

Accumulated depreciation		(317,888) 	5,174,296

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(135,912)
Bonds payable	(6,547,040)
Capital lease		(59,932)	(6,742,884) 

Net position of governmental activities	 $	(736,825) 

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

	Major Funds		Total

Debt		Capital General	Service	Projects

Governmental Funds

REVENUES		
Assessments	$	271,733	$	456,375	$	-	$	728,108	
Developer contributions	-	-	916	916	
Intergovernmental revenue	62,409	-	-	62,409	
Interest income	-	24	-	24	
Amenity revenue	420	-	-	420	
Total revenues	334,562	456,399	916	791,877	

EXPENDITURES
Current:
General government	90,062	-	-	90,062	
Maintenance and operations	52,186	-	-	52,186	
Amenity	98,098	-	-	98,098	
Debt service:
Principal	
18,031	
115,000	
-	
133,031	
Interest	8,970	328,344	-	337,314	
Capital outlay	-	-	916	916	
Total expenditures	267,347	443,344	916	711,607	

Excess (deficiency) of revenues
over (under) expenditures	67,215	

13,055	

-	

80,270	

OTHER FINANCING SOURCES (USES)
Interfund transfer in (out)	

(29)	

-	

29	

-	
Total other financing sources (uses)	(29)	-	29	-	

Net change in fund balances	
67,186	
13,055	
29	
80,270	
Fund balances - beginning	197,519	553,999	(25)	751,493	

Fund balances - ending	
$	264,705	
$	567,054	
$	4	
$	831,763	

See notes to the financial statements

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, 2021

are different because:		
Depreciation of capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities.	

(149,116)	
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

133,031	
Amortization of Bond discounts is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(2,198)	
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 fund financial statements.	

	1,796 	
Change in net position of governmental activities	 $	63,783 	

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

80,270

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Davenport Road South Community Development District ("District") was established by Ordinance No. 802, adopted by City of Davenport, Florida on December 12, 2016 and created pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. 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 purposes 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 Supervisors are elected by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2021 certain Board
members are affiliated with the Developer or an affiliated entity.

The Board has the final 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 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 all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal year for which annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for payments through February 28 and become delinquent on April 1. Alternatively, the District adopts a resolution providing for the collection dates and directly collects the assessments.

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.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

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 District’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 on hand and demand deposits are considered to be cash and cash equivalents.

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.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

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 at the date of donation.

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

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Infrastructure - stormwater system	40	
Infrastructure - parks and amenities	40	
Infrastructure - other	40	
Leased playground equipment	7	

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

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.

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 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.

Fund Equity/Net Position (Continued)
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.
A public hearing is conducted to obtain public 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.

NOTE 4 – DEPOSITS AND INVESTMENTS

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.

The District’s investments were held as follows at September 30, 2021:

First American Treasury Obligations Fund

 Amortized Cost	Credit Risk	Maturities	
Weighted average of the

CL Y

Total Investments

 $	567,058 
 $	567,058 

S&P AAAm

portfolio: 13 days

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. Accordingly, the District’s investments have been reported at amortized cost above.

Governmental activities
Capital assets, being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Infrastructure - stormwater system	$	1,893,253	$	-	$	-	$	1,893,253	
Infrastructure - parks and amenities	688,634	-	-	688,634	
Infrastructure - other	2,810,077	-	-	2,810,077	
Leased playground equipment	100,220	-	-	100,220	
Total capital assets, being depreciated	5,492,184	-	-	5,492,184	

Less accumulated depreciation for:			
Infrastructure - stormwater system	47,331	47,331	-	94,662	
Infrastructure - parks and amenities	17,216	17,216	-	34,432	
Infrastructure - other	70,252	70,252	-	140,504	
Leased playground equipment	33,973	14,317	-	48,290	
Total accumulated depreciation	168,772	149,116	-	317,888	

Total capital assets, being depreciated, net	
5,323,412	
(149,116)	
-	5,174,296	

Governmental activities capital assets	
$	5,323,412	
$	(149,116)	
$	-	$	5,174,296	
Depreciation expense was charged to function/programs as follows:
Governmental activities:
Maintenance and operations	$	117,583	
Amenity Center		31,533 	
Total depreciation expense, governmental activities	 $	149,116 	

NOTE 6 – LONG-TERM LIABILITIES

Series 2018 Bonds
On February 6, 2018, the District issued $6,830,000 of Special Assessment Bonds, Series 2018 consisting of multiple term Bonds with due dates ranging from November 1, 2023 to November 1, 2048 and fixed interest rates ranging from 3.75% to 5.125%. The Bonds were issued to finance the acquisition, construction and equipping of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2019 through November 1, 2048.

The Series 2018 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2018 Bonds are subject to optional and mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other 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 agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2021.

Capital Lease
During the fiscal year ended September 30, 2019 the District entered into two capital lease agreements for the acquisition of playground equipment. The total acquisition cost of the equipment was $100,220 which was recognized as a capital lease obligation. The term of the leases are from March 15, 2019 through May 15, 2024, with monthly installments of $1,723 and October 15, 2019 through March 15, 2024, with monthly installments of $527, respectively.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2021 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities
Series 2018	
$	6,720,000	
$	-	$	
115,000	
$	6,605,000	
$	120,000	
Less: issuance discount	(60,158)	-	(2,198)	(57,960)	-	
Capital Lease	77,963	-	18,031	59,932	20,486	
Total	$	6,737,805	$	-	$	130,833	$	6,606,972	$	140,486	

At September 30, 2021, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2022	$	120,000	$	323,938	$	443,938	
2023	125,000	319,344	444,344	
2024	130,000	314,563	444,563	
2025	135,000	309,088	444,088	
2026	140,000	302,900	442,900	
2027-2031	795,000	1,411,013	2,206,013	
2032-2036	1,005,000	1,173,375	2,178,375	
2037-2041	1,290,000	837,434	2,127,434	
2042-2046	1,655,000	443,313	2,098,313	
2047-2049		1,210,000	64,703	1,274,703 
 $	6,605,000  $	5,499,671  $	12,104,671 

At September 30, 2021, the future minimum lease payments on the capital lease obligations were as follows:
Fiscal year	Amount	
2022	$	27,001	
2023	27,001	
2024	16,930	
Total minimum lease payments	70,932	
Less: amounts representing interest	(11,000)	
Present value of minimum lease payments	$	59,932	

NOTE 7 – DEVELOPER TRANSACTIONS AND CONCENTRATION

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer. The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 8 – 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 (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

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 during the past three years.

NOTE 10 – INTERLOCAL AGREEMENT

During the fiscal year ended September 30, 2019, the District entered into an interlocal agreement with Highland Meadows West Community Development District for its share of the amenity center costs. The allocation is based on the number of assessable units developed and to be developed within each District. The District’s initial share of the amenity budget expenses is approximately 48%. During the current fiscal year, the District recognized $62,408 of intergovernmental revenue received from Highland Meadows West Community Development District for its share of the amenity expenses.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	263,374	
$	271,733	
$	8,359	
Intergovernmental revenue	62,408	62,409	1	
Amenity revenue	200	420	220	
Total revenues	325,982	334,562	8,580	

EXPENDITURES
Current:
General government	130,427	90,062	40,365	
Maintenance and operations	82,085	52,186	29,899	
Amenity	113,470	98,098	15,372	
Debt service:				
Principal	-	18,031	(18,031)	
Interest	-	8,970	(8,970)	
Total expenditures	325,982	267,347	58,635	

Excess (deficiency) of revenues over (under) expenditures	

-	

67,215	

67,215	

OTHER FINANCING SOURCES (USES)				
Interfund transfer in (out)	-	(29)	(29)	
Total other financing sources (uses)	-	(29)	(29)	

Net change in fund balances	
 $	-		
67,186  $	67,186 	
Fund balance - beginning			197,519 	
Fund balance - ending		 $	264,705 	

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 general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2021.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) UNAUDITED

Element	Comments	
Number of district employees compensated at 9/30/2021	0	
Number of independent contractors compensated in September 2021	30	
Employee compensation for FYE 9/30/2021 (paid/accrued)	0	
Independent contractor compensation for FYE 9/30/2021	$167,832.42	
Construction projects to begin on or after October 1; (>$65K)	None	
Budget variance report	See page 22 of annual financial report	
Outstanding Bonds:		
Series 2018, due May 1, 2021, see Notes for details	$165,250	
Series 2018, due November 1, 2020, see Notes for details	$115,000	
		
Non ad valorem special assessments;		
Special assessment rate FYE 9/30/2021	Operations and maintenance - $1,036.96	
	Debt service - $1,303.36	
Special assessments collected FYE 9/30/2021	$728,108.00	
Outstanding Bonds:		
Series 2018, due May 1, 2021,	see Note 6 for details	
Series 2021, due November 1, 2020,	see Note 6 for details	

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
Davenport Road South Community Development District City of Davenport, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Davenport Road South Community Development District, City of Davenport, Florida (“District”) as of and for the fiscal year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated March 24, 2022.
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.

March 24, 2022

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
Davenport Road South Community Development District City of Davenport, Florida

We have examined Davenport Road South Community Development District, City of Davenport, Florida’s (“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, 2021. 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, 2021.

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 Davenport Road South Community Development District, City of Davenport, Florida and is not intended to be and should not be used by anyone other than these specified parties.

March 24, 2022

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

To the Board of Supervisors
Davenport Road South Community Development District City of Davenport, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Davenport Road South Community Development District, City of Davenport, Florida ("District") as of and for the fiscal year ended September 30, 2021 and have issued our report thereon dated March 24, 2022.

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 Auditor’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 March 24, 2022, 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 Davenport Road South Community Development District, City of Davenport, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Davenport Road South Community Development District, City of Davenport, Florida 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.

March 24, 2022

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, 2020.

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, 2021.

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, 2021.

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, 2021. 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.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 24.

!!"#$%&  "#

DAVENPORT ROAD SOUTH
COMMUNITY DEVELOPMENT DISTRICT
Stormwater Management Projection Report (Section 403.9302 F.S.)
JUNE 01, 2022	

	
ORIGINAL	

SUBMITTED BY	
SUBMITTED TO	
Dewberry Engineers Inc.	Davenport Road South CDD	
800 Magnolia Avenue	GMS – Tricia Adams - District Manager	
Suite 1000	219 East Livingston Street	
Orlando, Florida 32803	Orlando, FL 32801	
407.843.5120		
	Polk County, BOCC
E-Mail: tabithabiehl@polk-county.net	

Stormwater Management Projection Report

Table of Contents
Introduction	2
Detailed Description of the Stormwater System	2
Number of Current and Projected Residents	3
Stormwater Service Area	3
Current and Projected Costs of Providing Service	3
Estimated Remaining Useful Life	3
Recent 5-Year Funding Status	4
Plan to Fund Maintenance or Expansion	4
Report Submittal and Documentation	4
Engineer’s Certification	4
Table of Tables
Table 3.1 Population Projections	3
Table 5.1 Cost Projections	3
Table 6.1 Population Projections	4
Table 7.1 Funding Sources	4

Introduction
This report has been prepared to meet the requirements of Section 403.9302 Florida Statutes (F.S) – Stormwater Management Projections. The Davenport Road South Community Development District (the “District” or “CDD”) does not provide wastewater services and thus is not required to submit a wastewater service projections report under 403.9301 F.S.

The CDD is located entirely within the City of Davenport (“City”), Polk County (“County”), Florida. Section 403.9302(1) specifies independent special districts, including Davenport Road South CDD, must provide a report to the County by June 30, 2022. The rule was enacted in 2021 and requires a report submittal every 5 years beginning in 2022. This report has been prepared and submitted to satisfy the reporting requirements for 2022.

The District is located on the east side of US Highway 27 and on on the northeast and northwest corners of Holly Hill Road and South Boulevard (see also Exhibit 1). The CDD consists of approximately 73 acres, 647 single-family units, 50 ft wide lots, and recreational/open space areas. The development has been constructed in one (1) phase. The District is approved for up to a total of 647 units along with the associated stormwater infrastructure. The CDD is a designated as planned residential community. The land use is designated as Residential Medium and zoning for the development is Low Density Residential (R-4).

Detailed Description of the Stormwater System
Stormwater management facilities consisting of storm conveyance systems and retention/detention ponds are contained within the District boundaries (see Exhibit 2). Stormwater is discharged via roadway curb and gutter and storm inlets. Storm culverts convey the runoff into the existing stormwater detention/retention ponds for water quality treatment and attenuation. The stormwater systems utilize dry detention/retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater treatment systems are regulated by the County and the Southwest Florida Water Management District (“SWFWMD”).

The system is designed to provide drainage and flood abatement such as flooding events associated with rainfall and hurricanes, for water quality improvements, and to reduce vulnerability to adverse impacts from flooding related to increases in frequency and duration of rainfall events. The system falls within the Federal Emergency Management Agency (“FEMA”) Flood Insurance Rate Map Panel No. 1202660220G, dated January 29, 2020, and is not located within any Flood Zone X. The 100-year flood volumes are compensated as required by the County, SWFWMD, and FEMA.

Specifically, the system includes a stormwater system consisting of dry ponds for the treatment and total retention of the runoff that is carried out and collected in pipes, curbs, and surfaces to convey this runoff. These systems discharge to the ground through percolation. The SWFWMD regulate the design criteria for District stormwater management facilities. The District has adhered to the design criteria of these agencies, which requires that drainage systems be designed to hold a 100-year, 24-hour rainfall event. Treatment of stormwater will be provided in accordance with the design guidelines for dry retention systems as mandated by the SWFWMD. Stormwater runoff is collected by curbs and stormwater conveyance surfaces with drainage inlets and an underground storm pipe system conveyed to the retention ponds. The overall drainage system is shown on the Master Stormwater Plan, Exhibit 2. The District provides funding on a yearly basis for the maintenance of said detention/retention ponds/lakes. These improvements are owned and maintained by the District. The system consists of four (4) dry ponds and swales (see Exhibit 2).

The stormwater operation and maintenance program includes, but is not limited to:
routine mowing of turf associated with stormwater ponds, swales, lake banks;
debris and trash removal from pond skimmers, inlet grates, ditches, etc.;
routine outfall structure cleaning;

sediment removal from the stormwater system (i.e. by use of vacuum trucks);
muck removal where legacy pollutants are dredged;
street sweeping;
pump and mechanical irrigation system maintenance for irrigation pumps; and
public outreach and education.

Number of Current and Projected Residents
The number of current and projected residents are required to be calculated in 5-year increments for a 20-year period. Unlike a city or county service area, the CDD’s jurisdiction is very limited and cannot be expanded or contracted without a public hearing and approvals from the local municipality.

Additionally, the supplemental rule instructions provided by the Office of Economic and Demographic Research (“EDR”) states when an independent special district completely falls within a county or a municipality, EDR will calculate the appropriate population estimates. Davenport Road South CDD falls within the City of Davenport, Polk County, Florida

Table 3.1 Population Projections
POPULATION PROJECTIONS IN 5-YEAR INCREMENTS	
6/2022	6/2027	6/2032	6/2037	6/2042	
To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	

Stormwater Service Area
The Davenport Road South CDD service area consists of the District lands as shown in Exhibit 2 and included in the service area map (Exhibit 3) and legal description (Exhibit 4). The project is currently developed with all stormwater improvements completed for all phases.

Current and Projected Costs of Providing Service
Table 5.1 provides for a 20-year period, calculated in 5-year increments, with an estimated increase of 10% per year.

Table 5.1 Cost Projections
CURRENT AND PROJECTS COSTS OF PROVIDING SERVICE BASED ON FISCAL YEAR	
2022	2027	2032	2037	2042	
$ 150,000	$165,000	$181,500	$199,650	$219,615	

Estimated Remaining Useful Life
The estimated remaining useful life of the stormwater system and facilities is 25-years. The system is monitored on an annual basis and replacement as well as repairs are provided as needed to the components of the system. The replacement of the inlets, control outfall structures but should not be a major expense to the district within the next 20-year time horizon. No major replacements, which include culverts and pipe networks, control structures, etc., are expected within the next 20 years. All open stormwater storage and conveyance systems are maintained and have an unlimited service life.

Table 6.1 Population Projections
MAJOR REPLACEMENT SCHEDULE WITH FUNDING	
PROJECT	CURRENT (2022)	2023-2027	2028-2032	2033-2037	2038-2042	
Project name	N/A	N/A	N/A	N/A	N/A	

Recent 5-Year Funding Status
The District has continually provided for all expenditures within the District over the last 5-year history of annual contributions. All funding is obtained through the property tax authority of the District through annual assessments to each unit within the District. The District’s current reserve fund is approximately
$50,000, which is sufficient for future capital needs for maintenance or expansion of facilities or major components.

Table 7.1 Funding Sources
5-YEAR FUNDING SOURCES	
YEAR	ANTICIPATED EXPENDITURES	BUDGET FUNDS AVAILABLE	RESERVES FUND BALANCE	OTHER	
2022	$ 150,000	CDD Property Assessments	$ 50,000	N/A	
2023	$	CDD Property Assessments	TBD Annually	N/A	
2024	$	CDD Property Assessments	TBD Annually	N/A	
2025	$	CDD Property Assessments	TBD Annually	N/A	
2026	$	CDD Property Assessments	TBD Annually	N/A	

Plan to Fund Maintenance or Expansion
Due to the CDD’s funding mechanisms, there are no anticipated funding gaps or unfunded projects.

Report Submittal and Documentation
As required by rule, this report is being submitted to Polk County. The County is required to compile all reports for their county and submit a consolidated report to the State by July 31, 2022. The attached exhibits include supporting data and illustrations. When used, calculation methodologies have been described in the above narratives.

Engineer’s Certification
I hereby certify that the foregoing is a true and correct copy of the report for Davenport Road South Community Development District. Dewberry staff has field verified the operation and maintenance status of the existing stormwater system and the system is functioning as designed and permitted.

Reinardo Malavè, P.E. Florida License No. 31588 Dewberry Engineers Inc.

UV27	£¤17
£¤92

Hammock

012,,

Lake

Lake

CDD FB

Lowery

Exhibit 1

Legend	µ

Davenport Blvd

DRAFT

Orchid Grove Blvd

Ludisia Loop

Holly Hill Rd

South Blvd W

DAVENPORT ROAD SOUTH STORMWATER MANAGEMENT FACILITIES

Exhibit 2

Legend
CDD BOUNDARY

µ 0	125

250
Feet

CDD OWNED - PONDS

1 inch = 250 feet

Davenport Blvd

DRAFT

Orchid Grove Blvd

Ludisia Loop

Holly Hill Rd

South Blvd W

DAVENPORT ROAD SOUTH SERVICE AREA MAP

Exhibit 3

Legend
CDD BOUNDARY

µ 0	125

250
Feet

CDD OWNED - PONDS

1 inch = 250 feet

DAVENPORT ROAD SOUTH LEGAL DESCRIPTION

Exhibit 4

!!"#$%&  "##

RESORT POOL SERVICES

14525 JOHNS LAKE POINT CLERMONT, FL 34711
321-689-6210

Wednesday, April 27, 2022

Pool Service Agreement for Davenport Road South CDD

BACKGROUND OF AGREEMENT

This agreement between Resort Pool Services (RPS) Davenport Road South CDD (RESORT). Start date of service 05/01/2022 and an end date of 12/31/2022 or a 30-day written notice at any time by either party to terminate the agreement. The contract will auto renew annually. Agreement is automatically renewable at its expiration subject to change or replacement as agreed by both RPS and Resort.

AGREEMENT

In consideration of the mutual provision and covenants set forth in the agreement, the parties agree as follows:- RPS will charge a fee of $1500 per month to service the pool 3 times a week
All invoices will be issued by RPS to Resort for any repairs made separately to the monthly contracted invoices.

Waiver or modification. No waiver or modification of the agreement or any covenant, condition, or limitation herein contained shall be valid unless in writing and duly executed by the party to be charged therewith. Furthermore, no evidence of any waiver or modification shall be offered or received in evidence in any proceedings, arbitration, or litigation between parties arising out of or affecting this agreement or the rights or obligations of any party hereunder, unless such waiver or modification is in writing and duly executed. The provisions of this paragraph may not be waived except herein set forth.  Any waiver on the part of either party hereto of any right or interest granted or given herein shall not imply or constitute the waiver of any other right or interest or any subsequent waiver.

Entire Agreement. This agreement constitutes the entire agreement of the parties hereto with respect to the subject matter of this agreement and supersedes all previous agreements between the parties, whether written or oral, with respect to such subject matter.

The parties agree that this agreement and the interpretation of the terms and the performance of the obligations hereunder shall be construed and regulated under and by the laws of the state of Florida, including all procedural, substantive, and choice of laws, rules, regardless of the place this agreement may have been executed or where performance hereunder takes place. This agreement shall ensure to the benefit of and be binding upon the parties hereto and their successors and authorized assigns.

RESORT POOL SERVICES

14525 JOHNS LAKE POINT CLERMONT, FL 34711
321-689-6210

Wednesday, April 27, 2022
POOL AND FOUNTAIN CLEANING DUTIES.

Test pool water on each visit and adjust Chlorine and PH levels if required. Vacuum or net pool on each visit. Brush walls and floor as required.
Backwash sand filters to maintain flow required by Health Dept.

Report any faults in pool equipment to management and once approved carry out repairs. Clean tile as required.
Maintain computers Blow off deck
Straighten pool furniture

DAVENPORT ROAD SOUTH CDD SIGNATURE
NAME PRINTED

RESORT POOL SERVICES

14525 JOHNS LAKE POINT CLERMONT, FL 34711
321-689-6210

Wednesday, April 27, 2022

TITLE:

DATE.........................................................

RESORT POOL SERVICES SIGNATURE
NAME PRINTED

TITLE:

DATE.........................................................

Simon McDonnell Resort Pool Services Director of Operations

!!"#$%&  "###

Governmental
Management Services

Maintenance
Services

Bill To/District:
Davenport Road South CDD	Prepared By:
Governmental Management Services, LLC 219 E. Livingston Street
Orlando, FL 32801	
Job name and Description	
Davenport Road South CDD – Solar lights for Mailboxes

-	Proposal is for delivery and installation of 2 solar lights. Locations shown are approximations. Final placement may be adjusted on site.	

Qty	Description	Unit Price	Line Total	
	Labor & Mobilization		$695	
	Materials		$500	

				

				
Total Due:	$1,195.00	

!!"#$%&  "#

!!"#$%& "

1

Davenport Road South CDD
Field Management Report

May 04, 2022
Clayton Smith
Field Services Manager GMS

Davenport Road South CDD Field Management Report | GMS 2022

Complete

Amenity & General Maint.

Pool vendor resigned. Temporary service in place and proposal provided for alternative vendor.
Pool furniture review. Assessing janitorial needs. Consideration of supplemental litter pickup from Janitor.

2

Davenport Road South CDD Field Management Report | GMS 2022

Complete

Landscape and General Maint.

Monitoring landscape maintenance with vendor.
Palm trimming was done in and around the amenity area.

Landscape and General Maint.

Valve cap trimmed for proper fit to remove trip hazard by sidewalk.
Bongo drums repaired at playground.

Sidewalk Review

Lighting assessment in parking lot and at mailboxes.
Solar light proposal prepared.

Plant bed refresh at amenity and entrances.

Landscape Refresh

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-201-1514, or by email at csmith@gmscfl.com. Thank you.

Respectfully, Clayton Smith

!!"#$%& "

!!"#$%& "

Davenport Road South
Community Development District
Summary of Checks

February 01, 2022 through March 31, 2022

Bank	Date	Check No.'s		Amount		
General Fund						
	2/14/22	160-166	$		8,379.88	
	2/17/22	167	$		355.00	
	2/25/22	168-172	$		6,607.00	
	3/3/22	173-174	$		2,394.34	
	3/11/22	175-176	$		7,423.07	
	3/17/22	177-181	$		9,517.00	
	3/31/22	182	$		20,330.19	

$

55,006.48

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/27/22	PAGE	1
*** CHECK DATES 02/01/2022 - 03/31/2022 ***	DAVENPORT ROAD SOUTH-GENERAL
BANK B GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
2/14/22 00035	2/02/22 AR020220 202202 310-51300-11000	*	200.00
SUPERVISOR FEES-02/02/22
ADAM RHINEHART	200.00 000160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/14/22 00003	2/02/22 AR020220 202202 310-51300-11000	*	200.00
SUPERVISOR FEES-02/02/22
ANDREW RHINEHART	200.00 000161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/14/22 00039	1/21/22 2065387	202112 310-51300-31100	*	127.50
ENGINEER SERVICES-DEC 21
DEWBERRY ENGINEERS.INC	127.50 000162
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/14/22 00021	2/01/22 87	202202 310-51300-34000	*	3,004.17
MANAGEMENT FEES - FEB 22
2/01/22 87	202202 310-51300-35200	*	225.00
WEBSITE MANAGEMENT-FEB 22
2/01/22 87	202202 310-51300-35100	*	125.00
INFORMATION TECH - FEB 22
2/01/22 87	202202 310-51300-31300	*	416.67
DISSEMINATION SVCS-FEB 22
2/01/22 87	202202 330-57200-49000	*	416.67
AMENITY ACCESS - FEB 22
2/01/22 87	202202 310-51300-51000	*	.21
OFFICE SUPPLIES
2/01/22 87	202202 310-51300-42000	*	3.71
POSTAGE
2/01/22 87	202202 310-51300-42500	*	10.95
COPIES
2/01/22 88	202202 320-53800-12000	*	1,250.00
FIELD MANAGEMENT - FEB 22
GOVERMENTAL MANAGEMENT SERVICES-CFL	5,452.38 000163
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/14/22 00017	2/01/22 21947	202202 310-51300-32200	*	2,000.00
AUDIT FYE 09/30/2021
GRAU & ASSOCIATES	2,000.00 000164
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/14/22 00034	2/02/22 JF020220 202202 310-51300-11000	*	200.00
SUPERVISOR FEES-02/02/22
JUSTIN FRYE	200.00 000165
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/14/22 00007	2/02/22 LS020220 202202 310-51300-11000	*	200.00
SUPERVISOR FEES-02/02/22
LAUREN O SCHWENK	200.00 000166
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/17/22 00031	2/10/22 1256	202201 310-51300-31500	*	355.00
GENERAL COUNSEL - JAN 22
KE LAW GROUP	355.00 000167
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
DVRS DAVENPORT ROAD IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/27/22	PAGE	2
*** CHECK DATES 02/01/2022 - 03/31/2022 ***	DAVENPORT ROAD SOUTH-GENERAL
BANK B GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
2/25/22 00005	2/01/22 A14866	202202 330-53800-48100	*	1,525.00 POOL MAINTENANCE - FEB22
COMPLETE POOL CARE, INC.	1,525.00 000168
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/25/22 00006	2/16/22 8597	202202 330-53800-48200	*	660.00
CLEANINGS - FEB 22
FUQUA SUPPLY & SERVICE	660.00 000169
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/25/22 00008	1/21/22 22199037 202201 330-53800-48000	*	51.00
PEST CONTROL - JAN 22
2/04/22 22333887 202202 330-53800-48000	*	51.00
PEST CONTROL - FEB 22
ORKIN	102.00 000170
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/25/22 00011	2/01/22 5348	202202 320-53800-46200	*	2,620.00
LANDSCAPE MAINT - FEB 22
2/01/22 5348	202202 320-53800-47300	*	180.00
IRRIGATION INSPECTION
2/01/22 5349	202202 320-53800-46200	*	1,030.00
LANDSCAPE MAINT - FEB22
2/01/22 5349	202202 320-53800-47300	*	90.00
IRRIGATION INSPECTION
PRINCE & SONS, INC	3,920.00 000171
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/25/22 00042	1/12/22 20240769 202201 330-53800-49100	*	400.00
25 PACK ACCESS CARDS
SOUTHEAST WIRING SOLUTIONS, INC.	400.00 000172
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/03/22 00017	3/01/22 22079	202202 310-51300-32200	*	2,100.00
AUDIT FYE 09/30/2021
GRAU & ASSOCIATES	2,100.00 000173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/03/22 00011	2/15/22 5440	202202 320-53800-47300	*	294.34
IRRIGATION REPAIR 2/15/22
PRINCE & SONS, INC	294.34 000174

3/11/22	00005	3/01/22	
- - - - - - - - - - - 3/11/22 00021	3/01/22	
		3/01/22	
		3/01/22	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - A14948	202203 330-53800-48100	*	1,525.00
POOL MAINTENANCE - MAR 22
COMPLETE POOL CARE, INC.	1,525.00 000175
-	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 93	202203 310-51300-34000	*	3,004.17
MANAGEMENT FEES - MAR 22
93	202203 310-51300-35200	*	225.00
WEBSITE MANAGEMENT-MAR 22
93	202203 310-51300-35100	*	125.00
INFORMATION TECH - MAR 22
DVRS DAVENPORT ROAD IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/27/22	PAGE	3
*** CHECK DATES 02/01/2022 - 03/31/2022 ***	DAVENPORT ROAD SOUTH-GENERAL
BANK B GENERAL FUND

DATE	DATE	
	3/01/22	
	3/01/22	
	3/01/22	
	3/01/22	
	3/01/22	
	3/01/22	
	3/01/22	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
93	202203 310-51300-31300	*	416.67
DISSEMINATION SVCS-MAR 22
93	202203 330-57200-49000	*	416.67
AMENITY ACCESS - MAR 22
93	202203 310-51300-51000	*	.06

202203 310-51300-42000	*	10.57	
202203 310-51300-42500	*	11.70	

OFFICE SUPPLIES 93
POSTAGE 93
COPIES
94	202203 320-53800-12000	*	1,250.00
FIELD MANAGEMENT - MAR 22
94	202203 320-53800-49000	*	438.23
MAINT. MATERIALS - MAR 22
GOVERMENTAL MANAGEMENT SERVICES-CFL	5,898.07 000176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/17/22 00005	3/01/22 A14958	202203 330-53800-49100	*	3,244.00
PH/CONTROLLER/CHEMICAL
3/01/22 A14988	202203 330-53800-48700	*	79.00
16FT STRAIGHT SAFETY POLE

- -	-	-	-	-	-	-	- - - -	
*							160.00	

COMPLETE POOL CARE, INC.	3,323.00 000177

3/17/22 00021	2/28/22	
	2/28/22	
	2/28/22	
	2/28/22	
	2/28/22	
	2/28/22	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 100	202201 320-53800-47400
RPL STREET/DRIVE SIGNS
101	202201 320-53800-47400	*	320.00
RPL DOWNED FENCE/PICKETS
96	202111 320-53800-47400	*	120.00
REINSTALLED TOWING SIGNS
97	202112 320-53800-47400	*	160.00
GRAFFITI REMOVAL
98	202112 330-53800-48700	*	180.00
COPING ALONG POOL EDGE
99	202112 320-53800-47400	*	200.00
FIX FENCE/RPL PICKETS

- - - - - - - -

GOVERMENTAL MANAGEMENT SERVICES-CFL	1,140.00 000178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/17/22 00031	3/11/22 1621	202202 310-51300-31500	*	1,083.00
GEN.COUNSEL/MTHLY MEETING
KE LAW GROUP	1,083.00 000179
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/17/22 00008	3/04/22 22484259 202203 330-53800-48000	*	51.00
PEST CONTROL - MARCH 2022
ORKIN	51.00 000180
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/17/22 00011	3/01/22 5518	202203 330-57200-46200	*	1,030.00
LANDSCAPE MAINT - MAR 22
DVRS DAVENPORT ROAD IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/27/22	PAGE	4
*** CHECK DATES 02/01/2022 - 03/31/2022 ***	DAVENPORT ROAD SOUTH-GENERAL
BANK B GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
3/01/22 5518	202203 330-57200-47300	*	90.00
IRRIGATION REPAIRS
3/01/22 5519	202203 320-53800-46200	*	2,160.00
LANDSCAPE MAINT - MAR 22
3/01/22 5519	202203 320-53800-47300	*	640.00
IRRIGATION REPAIRS
PRINCE & SONS, INC	3,920.00 000181
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/31/22 00028	3/31/22 03312022 202203 300-20700-10000	*	20,330.19
TXFER OF TAX RCPTS-S18
DAVENPORT ROAD SOUTH CDD	20,330.19 000182
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	55,006.48
TOTAL FOR REGISTER	55,006.48

DVRS DAVENPORT ROAD IARAUJO

!!"#$%& "

Davenport Road South
Community Development District

Unaudited Financial Reporting
March 31, 2022

Table of Contents

1	Balance Sheet	

2-3	

General Fund	

4	

Debt Service Fund - Series 2018	

5	

Capital Projects Fund - Series 2018	

6-7	

Month to Month	

8	

Assessment Receipt Schedule	

Davenport Road South
Community Development District Combined Balance Sheet
March 31, 2022

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:		
Cash:
Operating Account	
$	
473,451	
$	
-	
$	
-	
$	
473,451	
Investments:									
Series 2018			
Reserve	$	-	$	223,638	$	-	$	223,638	
Revenue	$	-	$	505,553	$	-	$	505,553	
Construction	$	-	$	-	$	-	$	-	
Due From General Fund	$	-	$	-	$	-	$	-	
Deposits	$	1,121	$	-	$	-	$	1,121	
Total Assets	$	474,572	$	729,191	$	-	$	1,203,763	

Liabilities:			
Accounts Payable	$	4,976	$	-	$	-	$	4,976	
Due To Debt Service	$	-	$	-	$	-	$	-	
Total Liabilites	$	4,976	$	-	$	-	$	4,976	

Fund Balance:			
Restricted For:
Debt Service - Series 2018	
$	-	$	729,191	$	
-	$	729,191	
Capital Projects - Series 2018	$	-	$	-	$	-	$	-	
Unassigned	$	469,597	$	-	$	-	$	469,597	
Total Fund Balances	$	469,597	$	729,191	$	-	$	1,198,788	
					
Total Liabilities & Fund Balance	$	474,572	$	729,191	$	-	$	1,203,763	

Revenues:		
Assessments-Tax Roll	$	355,842	$	354,207	$	354,207	$	-	
Contributions - Highland Meadows West CDD	$	77,147	$	-	$	-	$	-	
Other Income	$	-	$	-	$	70	$	70	
Total Revenues	$	432,989	$	354,207	$	354,277	$	70	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	6,000	$	1,800	$	4,200	
Engineering Fees	$	10,000	$	5,000	$	128	$	4,873	
Dissemination Fees	$	5,000	$	2,500	$	2,500	$	(0)	
Attorney Fees	$	20,000	$	10,000	$	2,944	$	7,057	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Annual Audit	$	4,100	$	4,100	$	4,100	$	-	
Trustee Fees	$	6,000	$	3,717	$	3,717	$	-	
Management Fees	$	36,050	$	18,025	$	18,025	$	(0)	
Information Technology	$	1,500	$	750	$	750	$	-	
Website Maintenance	$	2,700	$	1,350	$	2,050	$	(700)	
Postage	$	950	$	475	$	41	$	434	
Telephone	$	200	$	100	$	-	$	100	
Printing & Binding	$	350	$	175	$	63	$	112	
Insurance	$	6,512	$	6,512	$	6,127	$	385	
Legal Advertising	$	5,750	$	2,875	$	1,015	$	1,860	
Contingency	$	2,500	$	1,250	$	262	$	988	
Dues,Licenses & Fees	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	118,787	$	68,004	$	48,697	$	19,307	

Operation and Maintenance		
Field Expenses
Field Management		

$	15,000	

$	7,500	

$	7,500	

$	-	
Electric		$	5,000	$	2,500	$	754	$	1,746	
Streetlights		$	16,800	$	8,400	$	8,662	$	(262)	
Landscape Maintenance		$	39,850	$	19,925	$	15,800	$	4,125	
Landscape Replacement & Enhancements		$	25,000	$	12,500	$	-	$	12,500	
Irrigation Repairs		$	6,000	$	3,000	$	1,366	$	1,634	
General Field Repairs & Maintenance		$	7,500	$	3,750	$	960	$	2,790	
Contingency		$	7,500	$	3,750	$	4,011	$	(261)	
	Subtotal	$	122,650	$	61,325	$	39,054	$	22,271	

Amenity Expenses
Property Insurance		

$	10,941	

$	10,941	

$	10,294	

$	647	
Security		$	18,000	$	9,000	$	-	$	9,000	
Landscape Maintenance-Amenity		$	7,500	$	3,750	$	6,720	$	(2,970)	
Landscape Replacement-Amenity		$	15,630	$	7,815	$	-	$	7,815	
Pest Control		$	1,000	$	500	$	306	$	194	
Pool Maintenance		$	19,000	$	9,500	$	9,150	$	350	
Janitorial Services		$	8,580	$	4,290	$	4,177	$	113	
Amenity-Electric		$	15,000	$	7,500	$	7,896	$	(396)	
Amenity-Water		$	2,000	$	1,000	$	729	$	271	
Cable/Internet		$	1,900	$	950	$	968	$	(18)	
Playground Lease		$	27,001	$	13,501	$	13,500	$	0	
Amenity Repairs & Maintenance		$	10,000	$	5,000	$	1,352	$	3,649	
Amenity Access Management		$	-	$	-	$	2,500	$	(2,500)	
Amenity Contingency		$	5,000	$	2,500	$	4,044	$	(1,544)	
	Subtotal	$	141,552	$	76,247	$	61,636	$	14,611	
						
Total O&M Expenses:		$	264,202	$	137,572	$	100,689	$	36,882	
						
Total Expenditures		$	382,989	$	205,576	$	149,386	$	56,189	

Other Financing Sources/Uses:						
Transfer In/(Out)		$	(50,000)	$	-	$	-	$	-	
Total Other Financing Sources/Uses		$	(50,000)	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)		$	-		$	204,891		
						
Fund Balance - Beginning		$	-		$	264,706		
						
Fund Balance - Ending		$	-		$	469,597		

Revenues:		
Assessments - Tax Roll	$	447,275	$	445,218	$	445,218	$	-	
Interest	$	-	$	-	$	13	$	13	
Total Revenues	$	447,275	$	445,218	$	445,231	$	13	

Expenditures:					
Interest Expense 11/1	$	163,094	$	163,094	$	163,094	$	-	
Principal Expense 11/1	$	120,000	$	120,000	$	120,000	$	-	
Interest Expense 5/1	$	160,844	$	-	$	-	$	-	
Total Expenditures	$	443,938	$	283,094	$	283,094	$	-	
					
Excess Revenues (Expenditures)	$	3,337		$	162,137		
					
Fund Balance - Beginning	$	343,413		$	567,054		
					
Fund Balance - Ending	$	346,750		$	729,191		

Revenues:

Interest	

$	

-	$	

-	$	-	

$	-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources:

Transfer In/(Out)	

$	

-	$	

-	$	(4)	

$	4	
Total Other Financing Sources (Uses)	$	-	$	-	$	(4)	$	4	
					
Excess Revenues (Expenditures)	$	-	$	(4)		
					
Fund Balance - Beginning	$	-	$	4		
					
Fund Balance - Ending	$	-	$	-		

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

Revenues:

Assessments-Tax Roll Other Income

$	-  $
$	60  $

5,391  $
-  $

332,642  $
-  $

4,163  $
-  $

2,977  $
-  $

9,034  $
10  $

-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $

354,207
70

Total Revenues	$	60  $	5,391  $	332,642  $	4,163  $	2,977  $	9,044  $	-  $	-  $	-  $	-  $	-  $	-  $  354,277

Expenditures:

General & Administrative:

Supervisor Fees Engineering Fees Dissemination Agent District Counsel Assessment Administration Annual Audit
Trustee Fees Management Fees Information Technology Website Maintenance Postage & Delivery Telephone
Printing & Binding Insurance
Legal Advertising Contingency Dues,Licenses & Fees

$	-  $
$	-  $
$	417  $
$	76  $
$	5,000  $
$	-  $
$	-  $
$	3,004  $
$	125  $
$	325  $
$	7  $
$	-  $
$	0  $
$	6,127  $
$	-  $
$	51  $
$	175  $

-  $
-  $
417  $
212  $
-  $
-  $
-  $
3,004  $
125  $
325  $
5  $
-  $
-  $
-  $
1,015  $
31  $
-  $

1,000  $
128  $
(833)  $
741  $
-  $
-  $
-  $
3,004  $
125  $
625  $
4  $
-  $
40  $
-  $
-  $
59  $
-  $

-  $
-  $
1,667  $
355  $
-  $
-  $
-  $
3,004  $
125  $
325  $
10  $
-  $
-  $
-  $
-  $
51  $
-  $

800  $
-  $
417  $
1,083  $
-  $
4,100  $
-  $
3,004  $
125  $
225  $
4  $
-  $
11  $
-  $
-  $
39  $
-  $

-  $
-  $
417  $
477  $
-  $
-  $
3,717  $
3,004  $
125  $
225  $
11  $
-  $
12  $
-  $
-  $
31  $
-  $

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

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

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

1,800
128
2,500
2,944
5,000
4,100
3,717
18,025
750
2,050
41
- 63
6,127
1,015
262
175

Total General & Administrative:	$	15,308  $	5,133  $	4,893  $	5,537  $	9,808  $	8,018  $	-  $	-  $	-  $	-  $	-  $	-  $	48,697

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

Operation and Maintenance

Field Expenses Field Management Electric Streetlights
Landscape Maintenance
Landscape Replacement & Enhancements Irrigation Repairs
General Field Repairs & Maintenance Contingency

$
$
$
$
$
$
$
$
Subtotal $

1,250  $
121  $
1,318  $
2,800  $
-  $
-  $
-  $
2,415  $
7,904  $

1,250  $
32  $
1,318  $
2,800  $
-  $
-  $
120  $
1,053  $
6,573  $

1,250  $
161  $
1,318  $
2,620  $
-  $
180  $
360  $
-  $
5,889  $

1,250  $
60  $
-  $
2,800  $
-  $
-  $
480  $
105  $
4,695  $

1,250  $
196  $
3,119  $
2,620  $
-  $
474  $
-  $
-  $
7,659  $

1,250  $
184  $
1,589  $
2,160  $
-  $
712  $
-  $
438  $
6,333  $

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

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

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

7,500
754
8,662
15,800
- 1,366
960
4,011
39,054

Amenity Expenses Property Insurance Security
Landscape Replacement-Amenity Landscape Maintenance-Amenity Pest Control
Pool Maintenance Janitorial Services Amenity-Electric Amenity-Water Cable/Internet Playground Lease
Amenity Repairs & Maintenance Amenity Irrigation Repairs Amenity Access
Amenity Contingency

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Subtotal $

10,294  $
-  $
-  $
1,120  $
51  $
1,525  $
715  $
1,340  $
121  $
158  $
2,250  $
985  $
-  $
417  $
-  $
18,975  $

-  $
-  $
-  $
1,120  $
51  $
1,525  $
715  $
1,251  $
121  $
158  $
2,250  $
-  $
-  $
417  $
-  $
7,608  $

-  $
-  $
-  $
1,120  $
51  $
1,525  $
770  $
1,384  $
123  $
158  $
2,250  $
180  $
-  $
417  $
-  $
7,978  $

-  $
-  $
-  $
1,120  $
51  $
1,525  $
715  $
1,421  $
121  $
158  $
2,250  $
-  $
-  $
417  $
800  $
8,578  $

-  $
-  $
-  $
1,120  $
51  $
1,525  $
660  $
1,292  $
122  $
158  $
2,250  $
-  $
-  $
417  $
-  $
7,595  $

-  $
-  $
-  $
1,120  $
51  $
1,525  $
602  $
1,208  $
121  $
178  $
2,250  $
187  $
-  $
417  $
3,244  $
10,902  $

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

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

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

10,294
-
- 6,720
306
9,150
4,177
7,896
729
968
13,500
1,352
- 2,500
4,044
61,636

Total O&M Expenses:	$	26,879  $	14,181  $	13,867  $	13,273  $	15,255  $	17,234  $	-  $	-  $	-  $	-  $	-  $	-  $  100,689

Total Expenditures	$	42,187  $	19,314  $	18,760  $	18,810  $	25,062  $	25,253  $	-  $	-  $	-  $	-  $	-  $	-  $  149,386

Other Financing Sources/Uses:

Transfer In/(Out)

$	-  $

-  $	-  $

-  $	-  $

-  $	-  $

-  $	-  $

-  $	-  $

-  $	-

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess Revenues (Expenditures)	$	(42,127)  $	(13,924)  $	313,882  $	(14,647)  $	(22,085)  $	(16,209)  $	-  $	-  $	-  $	-  $	-  $	-  $  204,891

COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments	$  382,627.17	$	480,939.84	$	863,567.01	
Net Assessments	$  355,843.27	$	447,274.05	$	803,117.32	
	44.31%	55.69%	100.00%	

Special Assessment Receipts Fiscal Year 2022

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Property Appraiser	
Net Receipts	
O&M Portion	Series 2018 Debt Service	
Total	

11/19/21	
11/01/21-11/07/21	
$7,020.87	
$	(134.80)	
$	(280.81)	
$0.00	
$0.00	
$6,605.26	
$2,926.64	
$3,678.62	
$6,605.26	
11/24/21	11/01/21-11/07/21	$1,246.72	($23.63)	($65.46)	$0.00	$0.00	$1,157.63	$512.92	$644.71	$1,157.63	
11/30/21	11/08/21-11/14/21	$4,680.58	($89.87)	($187.22)	$0.00	$0.00	$4,403.49	$1,951.09	$2,452.40	$4,403.49	
12/01/21	Inv#4651811	$0.00	$0.00	$0.00	$0.00	($8,848.07)	($8,848.07)	($3,920.38)	($4,927.69)	($8,848.07)	
12/14/21	11/15/21-11/23/21	$37,444.64	($718.94)	($1,497.81)	$0.00	$0.00	$35,227.89	$15,608.69	$19,619.20	$35,227.89	
12/17/21	11/24/21-11/30/21	$713,788.45	($13,704.74)	($28,551.47)	$0.00	$0.00	$671,532.24	$297,540.87	$373,991.37	$671,532.24	
12/31/21	12/01/21-12/15/21	$56,166.96	($1,078.41)	($2,246.67)	$0.00	$0.00	$52,841.88	$23,413.05	$29,428.83	$52,841.88	
01/18/22	12/16/21-12/31/21	$9,907.95	($191.75)	($320.65)	$0.00	$0.00	$9,395.55	$4,162.96	$5,232.59	$9,395.55	
02/18/22	01/01/22-01/31/22	$7,020.87	($137.14)	($163.83)	$0.00	$0.00	$6,719.90	$2,977.44	$3,742.46	$6,719.90	
03/16/22	02/01/22-02/28/22	$21,062.61	($416.10)	($257.43)	$0.00	$0.00	$20,389.08	$9,033.94	$11,355.14	$20,389.08	
	TOTAL	$	858,339.65	$	(16,495.38)	$	(33,571.35)	$	-	$	(8,848.07)  $	799,424.85	$  354,207.22	$	445,217.63	$	799,424.85	

$

99.54%
3,692.47

Net Percent Collected Balance Remaining to Collect

!!"#$%&  3

SUPERVISOR OF
ELECTIONS
POLK COUNTY, FLORIDA
Lori Edwards

April 21, 2022

Monica Virgen - Recording Secretary Davenport Road South CDD Office 219 E. Livingston Street
Orlando, Florida 32801-1508

RE: Davenport Road South Community Development District Registered Voters

Dear Ms. Virgen,

In response to your request, there are currently 477 voters within the Davenport Road South Community Development District. This number of registered voters in said District is as of April 15, 2022.

Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Lori Edwards Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 PHONE: (863) 534-5888 Fax: (863) 845-2718
PolkElections.com

Para asistencia en Espanol, por favor de llamar al (863) 534-5888