Westside Community Development District

Agenda May 2, 2018

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Westside
Community Development District
135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524- Fax: 407-839-1526

April 25, 2018

Board of Supervisors Westside Community Development District

Dear Board Members:
The Board of Supervisors of Westside Community Development District will meet Wednesday, May 2, 2018 at 11:00 AM at the Offices of Hanson, Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, FL 34741. Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Approval of Minutes of the April 4, 2018 Meeting
Review and Acceptance of Draft Fiscal Year 2017 Audit Report
Consideration of Resolution 2018-08 Approving the Proposed Fiscal Year 2019 Budget and Setting a Public Hearing
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Discussion of Direct Bill Status
Presentation of Number of Registered Voters - 503
Designation of November 7, 2018 as Landowners' Meeting Date (1 Seat)
Discussion of Qualifying Period and Procedure
Supervisor's Requests
Adjournment
The second order of business is the Public Comment Period where the public has an  opportunity to be heard on propositions coming before the Board as reflected on the agenda,  and any other items.
The third order of business is the approval of the minutes of the April 4, 2018 meeting. The minutes are enclosed for your review.
The fourth order of business is the review and acceptance of the draft Fiscal Year 2017 audit report. A copy of the report is enclosed for your review.
The fifth order of business is the consideration of Resolution 2018-08 approving the proposed Fiscal Year 2019 budget and setting a public hearing. Once approved, the budget will be

transmitted to the governing authorities at least 60 days prior to the final budget hearing. A copy of the Resolution and proposed budget are enclosed for your review.

The sixth order of business is the Staff Reports. Section C is the District Manager's Report. Section 1 includes the check register for approval and Section 2 includes the balance sheet and income statement for review. Section 3 is the discussion of the direct bill status. A copy of the summary is enclosed for your review. Section 4 is the presentation of the number of registered voters within the boundaries of the District. A copy of the letter from the Osceola County Supervisor of Elections is enclosed for your review. Section 5 is the designation of November 7, 2018 as the landowners' meeting date. A copy of the instructions, sample agenda  and landowners' proxy is enclosed for your review. Section 6 is the discussion of the qualifying period and procedure for the general election.  A copy of  the information detailing the dates and procedure is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,

George S. Flint District Manager

CC:	Jan Carpenter, District Counsel Mark Vincutonis, District Engineer Darrin Mossing, GMS

Enclosures

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MINUTES OF MEETING WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Westside Community Development District was held Wednesday, April 4, 2018 at 11:00 a.m. at the offices of Hanson Walter & Associates, 8 Broadway Avenue, Suite 104, Kissimmee, Florida.

Present and constituting a quorum were:
Andrew Abel Mike Dady Scott Stewart
Also present were:
George Flint Andrew d'Adesky Mark Vincutonis Brian Smith
Jill Burns

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager GMS

Roll Call

Mr. Flint called the meeting to order at 11:00 a.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February 7,
2018 and February 26, 2018 Meetings
Mr. Flint stated next is approval of the minutes of the February 7, and February 26, 2018
meetings. Did the Board have any comments on the minutes?
Mr. Dady stated on page 3 of the February ih  minutes, there is a typo, Mr. Dady asked the law suit was dropped and it should state, Mr. Dady asked "if' the law suit was dropped.

On MOTION by Mr. Dady seconded by Mr. Abel with all in favor the minutes of the February 7, 2018 were approved as amended and the February 28, 2018 meeting minutes were approved as presented.

April 4, 2018	Westside Community Development District

FOURTH ORDER OF BUSINESS	Consideration	of	Revised	Assessment
Methodology Report
Mr. Flint stated the tables were in your agenda package, we handed out some narrative
and the narrative needs some additional work to better describe the tables. I would ask that the Board approve it subject to District Counsel review and any modification of the narrative.
Mr. d'Adesky stated also written bondholder sign-off on the particular plan.
Mr. Dady stated I would add that this methodology not be approved until the transaction closes. If it doesn't wouldn't we have an anomaly there?
Mr. Flint stated you can approve it subject to closing that way we don't have to come back and the purpose of the meeting today was to approve this because of the closing.
Mr. d'Adesky stated because of the closing, which we are now aware may be six or nine months down the road at this point. They have a year.
Mr. Dady stated our due diligence is past so I feel this is appropriate to discuss at this time and I would note for the Board that the True-Up essentially is in recognition of the fact that this was the Town Center for Westside and it used to have a lot of square feet of commercial. The market has corrected itself and the proposed use is not consistent with what the rest of Westside is, the property was rezoned about four or five months ago so this methodology is consistent with the new zoning.
Mr. Abel asked are they doing all townhomes?
Mr. Dady responded no, they are doing some 40's and small zero lot line singles and townhomes. The SPE is keeping the comer for coming soon a gas station in your neighborhood. It is deed restricted for no hard liquor sales, adult establishments, etc.

On MOTION by Mr. Dady seconded by Mr. Stewart with all in favor the revised assessment methodology report was approved in substantial form subject to staff and District Counsel review and changes, written bondholder consent and the closing of the sale of Parcel K.

Mr. Dady stated we didn't add it to the motion but George is going to do something with the narrative on the tables.

2

April 4, 2018	Westside Community Development District

Mr. Flint stated yes, I think we need to do a better job describing the tables. I think the tables are in fairly good shape but if you looked at the tables themselves it would be hard to decipher.
Mr. Dady stated I would like to ask about the True-Up mechanism. It says that at the time, I always thought true-up was based on the plat but this very creatively states it could be a declaration of a condominium, a site plan, which is very broad or a revision thereto for the developer.
Mr. d' Adesky stated I think that was a broad term meant to give a level of discretion. In this case it would be the platting of the parcel.
Mr. Dady stated I suggest that change be made. Even though I'm very much for being able to true-up on only a site plan but sometimes it takes ten to get it right. I like having the declaration of a condo because people in this development do condo plats, where you don't do a boundary survey plat, but you go to Tallahassee and get the condo buildings laid out, it is called a condo plat.
Mr. Flint stated we will modify that.

FIFTH ORDER OF BUSINESS
Attorney

Staff Reports

Mr. d'Adesky stated on the item we talked about the road deeds, those have been given to the County, all of those have been given to the County last week. We followed up this week and haven't heard back from them but hopefully, those will be accepted by the County. There were some minor scrivener's errors in some of the drainage easement deeds, which we corrected as well.

Engineer
Mr. Dady stated the two right of way strips that were described by Hanson for dedication to the County for Westside Boulevard and Goodman. There were two strips of right of way that we were holding back until the County settled all its lawsuit issues. Now that the dust has settled, are those in process, or where are they in terms of legal descriptions and County acceptance?
Mr. d'Adesky stated those were sent over to the County and they are pending review and acceptance on their end.

3

April 4, 2018	Westside Community Development District

Mr. Dady asked could we check on the review? Those are important right ofways. Mr. Abel stated it can hamper someone's ability to plat.

Manager
Approval of Check Register
Mr. Flint stated that the check register in the amount of $72,157.29 was included in the agenda package for approval.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor the check register was approved.

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

Discussion of Direct Bill Status
A copy of the direct bill status was included in the agenda package.

Field Manager
Mr. Dady asked when was the last time you drove the project? Mr. Smith responded on Monday.
Mr. Dady asked did you notice any activity on any ofthe Florence Villa parcels? Mr. Smith responded no.
Mr. Dady asked any reports of trash dumping?
Mr. Smith responded I had a guy out there all day picking up trash last week. There was an accident and we lost a Magnolia and the turf is rough and the weather doesn't help. We need rain and we need to get the turf looking better but outside that it looks pretty good out there. I just pressure washed the front entrance. I haven't seen any activity other than Solara.
Mr. Dady stated if you would pay special attention to Bahama Bay II we had word there was some more sinkhole activity. If you could drive the site and see if there has been any new roped off areas and check the newly purchased sites for engineering, survey or construction activity, Parcel H, Parcel K especially, trash dumping or other stuff. Are there still paintball wars out there?

4

April 4, 2018	Westside Community Development District
Mr. Smith responded there are still four-wheelers out there and back on the conservation area they knocked down the fence so we put that back up.
Mr. Dady asked what about the signage is that still up?
Mr. Smith responded it is, there are some signs up. I haven't seen any down or laying down; they may have been removed altogether. All the conservation signs that are there are intact.
Mr. Flint stated as far as the four-wheeler activity we placed a bunch of "no trespassing" signs out there and have alerted the Sheriffs Department.
Mr. Smith stated with all the construction coming in there is a lot less than there was. Mr. Dady asked is the fencing still up?
Mr. Smith responded there is a section of the green conservation fence that is down and I will get it back up.

SIXTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Abel stated we talked a couple months ago that there is a missing segment of streetlights. Now that it is more built up out here it sticks out.
Mr. Flint stated I will follow-up with Jason. We should be able to get the streetlight lease amended and get additional poles in there. It will take time as you know.

On MOTION by Mr. Abel seconded by Mr. Stewart with all in favor the meeting adjourned at 11:21 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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September 30, 2017

WestsiAdNeNCUoAmLmFuINniAtyNDCeIAvLeloRpEmPeOnRtTDistrict

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OF 

Westside Community Development Dlst�c� DRAFTI AN·NUSAeLptFeImNAbeNrC3I0A,L20R1E7PORT
TABLE	CONTENTS

REPORT OF INDEPENDENT AUDITORS
MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements Statement of Net Position Statement of Activities
Fund Financial Statements
Balance Sheet - Governmental Funds Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities Statement of Revenues, Expenditures and Changes in
Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund

Page Number

1-3

4-9

12

10
11

143

[

1165

Notes to Financial Statements

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
MANAGEMENT LETTER

INDEPENDENT ACCOUNTANT'S REPORT/ COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

17-29

30-31
32-34

35

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To the Board of Supervisors

REPORT OF INDEPENDENT AUDITORS
WOsecsetsoildaeCCooumntmy, uFnloityridDaevelopment District

contents.

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Management's Responsibility for the Financial Statements

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misstatement.

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financial statements in order to design audit procedures that are appropriate in the

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by management, as well as evaluating the overall

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Wbaesisbefolier voeurthaautc:ltitheopainuidoint .evidence we have obtained is sufficient and appropriate to provide a

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TWoetshtesidBeoaCrodmomf SuunpityervDiesvoerslopment District
Basis for Adverse Opinion on the Discretely Presented Component Units

component units.   Accounting  principles generally accepted  in the  U nited States of America

rD	i	n	l	or	e	o	t u	t	e	f h

The financial statements do not includ fina	ial data for one of the District's legally separate

presented.

generally accepted in the United States of America, th   assets, liabilities, net position, revenues,

Adverse Opinion

reporting entity tha include the financial data for its component unit. The District has not issu

s	s

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Opinion o n the Discretely Presented Component Units", the financial statements referred to

In our opi  on, because of th	significance of the matter discussed in the "Basis for Adverse

the District as of September 30, 20 1 7, or the changes in financial position thereof for the year

above do not present fairly, the financial position of the discretely presented component units of

financial position thereof for the year then	nded in accordance with accounting principles

on the Discretely Presented Component Unit'' paragraph, the financial statements referred to

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UennmeoradlliyfiaecdcOepptiendioinnsthe United States of America.

States of America.

the District, as of September 30, 201 7, and the respective changes in financial position for the

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Other Matters

TWoetshtseidBeoaCrodmomf SuunpityervDiesvoerslopment District

Governmental accounting principles generally accepted in the United States of America require

Required Supplementary Information

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Other Reporting Required by Government Auditing Standards

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management's responses to our inquiries, the basic financial statements, and other knowledge sufficient evidence to express an opinion or provide any assurance.

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our tests of its compliance with certain provisions of laws, regulations and contracts.

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April XX, 2018 

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OVERVIEW OF THE FINANCIAL STATEMENTS

"District") financial performance provides an objective and easily readable analysis of the

provide additional information

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for the District's major funds.  The

position and results f operations. concerning the District's finances.

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assessments.

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The  Government- wide  financial  statements  are  the  statement  of  net  position  and  the apnridvathe-secchtaonrgceominpanneitesp.osEitimonp.hasGisovisernpmlaecentdalonactthiveitienset apreosiptiroimn aorfilygosvueprnpomrteendtabl yactspiveitcieiasl

statement of activities. These statements use accounting methods similar to those used by

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and unrestricted.

and the change in net position. Expenses are reported by m ajor function and program revenues

presents information on all revenues and expenses of the District

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resources.

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TsHtaEteFmINenAtNs CIAL STATEMENTS (CONTINUED)

I_ DRAFTI

the District's activities.  Individual funds are established by the District to track revenues that are

the District's General Fund.	in fund balances - budget and actual is provided forFund financial statements provide more detailed information about

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restricted to certain uses o r to comply with legal requirements.

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Ibnrotahed

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funds to account for and to maintain control over resources that have been segregated for

financial resources measurement focus and the modified accrual basis where as revenues are

nancial statements.  In contrast, the governmental fund financial statements are	ouped into specific activities or objectives.  The fund financial statements	e present	using the current

Nanodtetshetofufinndafnincaianlcsiatlastetamteemntesnt is provided to illustrate these differences.

are recorded when a liability is incurred. The difference between the two statements arises

recorded when collected in the current period or within 60 days of year-end and expenditur fpinriamnacriialyl rferosmourtcheslofoncgu-tseromf tehceognoovmeircnmfoecnutsaloffutnhdes.StAatermeceonntcoilifatAiocntivoitfietshevegrosvuesrnthmeenctu-rwreidnet

District, investmneontetss of ftinhaenDciiasltrsictat,tecmapeintatsl . assets and  long-term debt are some of the items

financial balances of the Districptr. ovAiddeditaiodndaitlioinnfaolrmdeattaioilncaobnocuetrntihneg atchceofiuntingiaplraacttiicveitsieosfathned

Unrestricted net position for G overnmental Activities wabsy $(4,792,39 1).  Net investment

iFnicnlaudnecdiailnHtihgehlightsto
The following are the highlights of financial activity for the year ended September 30, 2017.
The District's total  liabilities exceed	total assets	$(2,794,9 14), (net position). in capital assets was $1 ,969,976. Restricted net position was $27,501 .
eGxopveenrsnemsetnottaalledac$t4iv,it1ie1s5,5r4e2v.enues  totaled  $5,407,460  while  governmental  activities

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FOiVnEanRcViaIEl WAnOaFlysTiHsEofFtINhAe NDCisItAriLctSTATEMENTS (CONTINUED)

I_ DRAFTI

Net Position

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Total Assets

CRaeupsrrtiterainclteaasdssaeesttsssets

2017

5,980971 ,,61 5881 

$	2369,,35601 ,,578590

201 6

$

371,39801 ,,974058

6,278037,57198

CNouTrnro-ectnautlrrlLieaianbtbilililitiatieibesislities	329,,,281 856685,,,95802231	421 91 ,,4996781 ,,707437275

NNNet pinovseiitsitomne--nrutenisnrtercsicattrpeicidttealdassets

{41 ,79296297,,,93579061)	{62,2, 1542772,0,,37088338!

Tcuhrereint ryeeaasre.

Total Net Position	$	(2,794,914)	$	(4,086,832)

current year depreciation.

in current assets is mostly the result of the establishment of capital reserves in the

position is mostly the result of payments made on matured debt service in the current year.

The decrease in capital assets and net investment in capital assets is primarily the result of The· decrease  in  current liabilities  a  d  restricted  assets  and  the  i ncrease  in  unrestricted  net Tcuhrerednetcyreeaars. e in non-current liabilities is mostly the result of maturing principal payments in the
- 6 -

MAWNeAsGtsEidMeECNoTm'SmDuInSiCtyUDSeSvIOelNopAmNeDntADNiAstLrYicStIS

Financial Analysis of the District (Continued}

OVERVIEW OF THE FINAFNoCrIAthLeSYTeAaTrEEMndEeNdTSSe{pCtOemNTbIeNrU3E0D, 2) 017

joRAFTj

GoAvcetrnivmitiestal

2017	2016

Tprheesefonltleodwibnyg csactheegdourylefoprrocvoimdepsaraissoCunhmpamunrgaperoysinoefsNt. heet Pcohasnitgioesn in net position of the District and is

Charges for services

9,916

Progr	Revenues GeOneprearlaRtiengvegnruaensts and contributions

$  41,,302624,,713665	$  81 ,,236301 ,,252105

Total Revenues

MInvisecsetlmlaennetoeuasrrneinvegsnues

5,401 07,44630	9,59261 ,,38730241

1.:�

General government

Expenses
PInhteyrseicsat loennlvoinrogntmeremntdebt

21 ,35129869,,,950814237	21,,2751 52,,,781 681450

Total Expenses Change in Net Position

4,115,542

Net Position - Beginning of Year

(41 ,,028961,,893128)

4,670,759
{9,012,374)

Net Position - End of Year	$ (2,794,914)	$ {4,086,832)

4,925, 542

cTohnetrdibeuctrioenasserecineivoepderfarotimnglagnrdahnotsldearnsdrecsounlttirnibguftrioomnslaisndmsoasletlypraotcteriebudtsa. ble to  a decrease  in eTxhpeenddeicturereasseat tinhegfeundralelveglorveelartn�mdetnottheexlpaenndseinsdewfaultp. rimarily  due  to  a  decrease  in_  the

- 7 -

• •·.  .    "I.··· ·• ···•''	..	. ...........,..,..         ......  --	··-·----·� ·· -----·-•---- ·	···--- ·· ········------······-·   ----

1

MAWNFeAosGrtstEihdMeeEYCNeoTam'rSmEDnudInSeiCtydUSDSeeSpvItOeelmNopbAmeNreD3n0tADN2iA0st1Lr7YicStIS

The following schedule provides a summary of the DistrictG'socvaeprnitmaleanstasleAtsctaivsitoiefs2017 and 2016.

COaVpEiRtaVl IAEsWseOtsFATcHtEiviFtyINANCIAL STATEMENTS (CONTINUED)

IDRAFTI

Land improvements

Total Capital Assets (Net)

D cription AIInmcfrapcurosmtvrueumlcatteuenrdetsdeotphrecitahtaionnbuildings

$	121 0,51275, 151

2(97,,07652261 ,,,791 505605)

recorded.

$	29,561,750

$	121 0,51265, 151

2(86,,87924886,,79145805)

I

$	30,390,708	�·

During the year, $75,000 was added to infrastructure and $903,958 in depreciation was

to operating reserves and plant replacement were less than expected.

Debt Management

Governmental Activities debt includes the following:

DRiesvtreicntueanBdownedrse.  isTshueedBtoondrestiarerethtehe$4se,0c0o0n,d00o0f BaosnedriAesntiocfipdaetibotntoNobtesisisnu2e0d0b6y, atnhed

TGheenebraudlgFeutnedxcBeueddgedetaaryctuHaligehxlpigehntdsitures for the year primarily because expenditures relating There were no amendments to the Septem ber 30, 2017 budget.

bMaalatunrceed obuotsntdasndpinagyaabtleSetpotteamlebder$320,2, 6200,01 700waast $S1e4p,5te3m5b,0e0r03. 0,  2017.  The  unmatured

In December 2005, the District issued $ 17,525,000 Series 2005 Special Assessment tfiahnsesaensscecshaebtdhlueeleimdcpodsreotsbvteomsfeernavticcsqewuiristehitqiionunirt,ehmecoeDnnisststtrriuaccnt.tdioDtnhu,eriinnSgsetrtaihelleasty2ioe0na0r5,atnBhdeonDedqissutrirpeicpmtinfaaginileoidnftdoceefmrateuaelitnt.

- 8 -

MAWNFeAosGrtstEihdMeeEYCNeoramrsmEmnudnseictyduSDseespv1t0eelNmopbAmeNreD3n0tA,DN2iA0sLt1r7YicStIS ODeVbEtRMVaIEnWageOmF eTnHtE(CFoINntAinNuCeIdA)L .STATEMENTS (CONTINUED)

_IDRAFTI

DBoisntrdicst rfeamileadintoin mdefeatutlth. e Mscahtuerdeudlebdonddesbtpsaeyrvabicle troetqauleirdem$7e4n5ts,0a0n0datthSeepSteermiebse2r 03007,

In September 2014, the District reached an agreem nt with a contracto	the prior

RiImnepvDreoenvcueeemebBneotrsn2da0sn.0d7i,nTftrhaestDrbuiosctntrudirctse wiwsistehuriendcise$srt1u7aei,nd51a0tro,e0a0fs0inoaSfntechreeiesDthi2set0ri0c7ot.nSsDtprueurccinitagiol ntAhesosfyeescaserm,rtetahnient 20 1 7. The unmatured balance outstanding at September 30, 201 7 was $15,390,000.

pSaeyptaenmabdedri3tio0n, 2al0s1u7mwa$s50$,01 8020,5in020.019 and $25,000 in 2020.  The balance remaining on

tdheeveDloisptreicrttorepaacyhethdemset$t2le9m0e,0n0t0inovmeerdfiaetioyneawristh.  IOnsDceocleamCboeur n2t0y1a6n, dinthaerceolantterdacctolarimto,

The District's overall financial condition improved in the current year. The District received legal

Economic Factors and Next Year's Budget

Ad tionally, the District received proceeds in the curr nt year resulting from sales of proper y

speritntlceimpaelnptasyrmeleantitnsgotnothpeasStedruiees 2as0s0e5sasnmdeSntesriaensd20th0e7 Dboisntrdicst.  made unscheduled interest and

Sdeuebmseeqduenenct etossyaeray.r end, the District issued Special Assessment Revenue Bonds, Series 2018

infrastructure improvement associated with Solara Phase 1 . 

The financial report is designed to provide a general overview of Westside Community

hnewld bdyevWeleosptesridseaCllDowDinHgoltdhiengDs,isLtLriCct (tSoPfEu)llyanfdunadlsoopeexrpaetciotsnstoarnedcetihve acsaspeitsaslmimenptrsovfreommetnhtes the  amount  of $3,490, 000 in order to fund t	acquisition of a portion of the public
Request for Information

Central Blvd, Suite 320, Orlando, FL 32801.

tiDnhefeovrWemloeapstmitosneidnpetroDCviosidmterimcdtu'isnnfittihyniasDnrecevepesolortfopromraelrlnetquDoesisetsrwictfiot,hrGaodnvdeiintritonemnreaeslntint. afloQrMumeaasnttaioiognnessmhceoonuntldcSebernervinaigcdedasrn,eys1s3oe5fdtWhteo.

- 9 -

--........-�-�..-�-------··----......	.....,._. ----·· ---- -	-

Westside Community Development District STATEMENT OF NET POSITION
Septem ber 30, 2017

ASSETS
Current Assets Cash Investments
Due from other govenments Prepaid expenses
Total Current Assets Non-Current Assets
Restricted: Investments Cash
Capital Assets Not Being Depreciated: Land and improvements
Capital Assets Being Depreciated:

Governmental Activities

$	719,503
153,737
4,789
1 3,659
 	891 ,688 

5,880,042
27, 1 09

11 ,525,151

Improvements other than buildings	726,955	
Infrastructure	27,061 ,750	
Less: accumulated depreciation	 	(9,752,1 06)	
Total Non-Current Assets	35,468,901	
Total Assets	36,360,589	

LIABILITIES

Accounts payable and accrued expenses	20,796	
Matured interest payable	2,802,219	
Matured bonds payable	3,005,000	
Accrued interest	3,256,817	
Bonds payable - current	730,000	
Note payable - current	53,750	
Total Current Liabilities	 	9,868,582 	
Bonds payable	29, 1 58,171	
Note payable	128,750	
Total Non-Current Liabilities	 	  29,286,921	
Total Liabilities	 	  39, 155,503	

Current Liabilities

Non-Current Liabilities

NET POSITION
Net investment in capital assets Restricted for capital projects Unrestricted

Total Net Position

See accompanying notes to financial statements.

1 ,969,976
27,501
(4,792,391) 
i	{2?941914}

jj:•

I·

I:

- 10 -

Westside Community Development District STATEMENT OF ACTIVITIES
For the Year Ended September 30, 201 7

Program Revenues
Operating
Charges for	Grants and

Net (Expenses) Revenues and Changes in
 	Net Position	

-

Governmental	Component

 Functlons/Pro_grams	 Primary government Governmental Activities
General government

Expenses	Services	Contributions	Activities	Unit

$

$

-

$	(589,047)	$	457,747	$	-	$	(1 31 ,300)	$

Physical environment Interest and other costs
Total Governmental Activities

Component unit
Westside SPE, LLC

(1 ,1 99,982)	230,040
636,949
(4, 1 1 5,542)	$   1 ,324,736

$	(27,404)	=$========	$
General revenues: Investment earnings Miscellaneous revenues
Total General Revenues Change in Net Position
Net Position - October 1, 201 6

4,062,1 65
4,062,165

(969,942)
2,372,601
 	1 ,271 ,359

9,916 
1 0,643
�559
1 ,291 ,91 8

{4,086,832}

(27,404)

Net Position - September 30, 2017 

See accompanying notes to financial statements.
- 1 1 -

:l!	(2,794,91 4)	I •:ZJ
�

.   . .	·- . . · .

"--.-. .-.

-,�,-,�,....,.,,,.,,-..----.��---�� , -...	·· ·=· ... ------

Westside Community Development District BALANCE SHEET
GOVERNMENTAL FUNDS
September 30, 2D17

 		Governmental Funds	                                                       Debt		Debt

Total

Service	Service
ASSETS	General	2005 Bonds	2007 Bonds
Cash	$  71 9,503	$	$	-
Investments, at fair value	153,737	-

Capital
Projects 2005
$	-
-

Capital
Projects 2007
$	-
-

Governmental
Funds
$	719,503
153,737

-

Due from other governments	1,247	1,581
Prepaid expenses	13,659

Investments, at fair value	 		 	3,786,956 	2,092,694		-	5,880,042	
Cash		-			 	27, 109 	 	27, 1 09 	
Total Assets	$ 888,146	 $	3,788,537	 $	2,094,655 	$	392	$	27, 109	$ 6,798,839	

Restricted assets:

1,961

-
392-

-	4,789
-	1 3,659

-

LIABILITIES AND FUND BALANCES LIABILITIES

474,459

Accounts payable and accrued expenses	$	7,560	$	6,618	$	6,618	$	$

-	$	20,796
-

Matured interest payable

2,327,760

2,802,219

Matured principal payable	 		2,260,000	 	745,000 

-		-

 	3,005,000 

Total Liabilities	7,560	2,741 ,077	 	3,079,378       		 	

FUND BALANCES

51628,015

Nonspendable: Prepaid expenses
Restricted: Debt service
Capital projects Assigned:

13,659	-
-	1, 047,460
-	-

392

-

27,1 09

13,659

Capital reserves	1 53,731
Unassigned	713,196

 	- 	(984,723)

Total Fund Balances	880,586	1 047,460	(984,723)

 	392        

27,1 09

Total Liabilities and Fund Balances	$   888, 146	$	3,788,537	$	2,094,655

$	392

$	27,1 09

See accompanying notes to financial statments.

- 12- 

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

RECONCIW.TION OF TOTAL GOVERNMENTAL FUND BA�,m-, .l

Westside Community Development District

September 30, 2017

TO NET POSITION OF GOVERNMENTAL ACTIVITIES  Uft.fl.FTI

Total Governmental Fund Balances

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

Capital assets not being depreciated (land and improvements ($11 ,525,1 51)) used in governmental activities are not current financial resources, and therefore are not reported at the fund level.

Capital assets being depreciated, improvements other than buildings ($726,955), infrastructure ($27,061 ,750) net of accumulated depreciation ($(9,752,1 06)) used In governmental activities are not current financial resources, and therefore are not reported at the fund level.

$	970,824

11 ,525, 151 

1 8,036,599

Bond discount costs ($1 09,438), net of accumulated amortization ($(32,609)) used in governmental activities are not current financial resourses, and therefore are not
reported at the fund level.	76,829

Long-term liabilities, including bonds payable and notes payable are not due and
payable in the current period, and therefore are not reported at the fund level.	(30,1 47,500)

Accrued interest expense for long-term debt is not a current financial use and; therefore
is not reported at the fund level.	(3,256,81 7)

Net Position of Governmental Activities	$	(2,794,914)

See accompanying notes to financial statements.	- 13 -

Westside Community Development District
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
For the Year Ended September 30, 2017
Govemmental  Funds 	

Totals

Revenues
Special assessments Developer contributions Landholder contributions Legal settlements Investment earnings

Debt Service
General	2005 Bonds

$ 687,787	$	284,323
23,173
3,731,005
1 75,325
41 1	4,127

Debt Service	Capital
  2007 Bonds	ProJects 2005

$	352,626-	$
61 ,000
71,862
5,365

Capital

-

Projects 2007

$
-
2	11 

Governmental
Funds
$  1 ,324,736
23,173
3,792,005
246,987 .
9,916

Miscellaneous revenues

 	1 0,643	 		 	   	

10,843

Total Revenues
Expenditures Current
General government
Physlcal environment Capital outlay
Debt service Principal

898,841	�217,953

1 27,358	1 56,639
296,024-
53,750	380,000
948,918 

490,653

304,750

305,000
1, 1 63,160

2

-
75,000
-

75,000	 	300 	3,847,260	
(74,998)	(289)	1,560,200	

75,000-		
75,000
1 ,018,585	

-

11	5,407,480

589,047
296,024
75,000
738,750
2,11 2,078

Interest
other debt service

 	- 	18,181 

 	18 180	 	

36,361

Total Expenditures

Excessl(detlclency) of revenues over/(under) expenditures

Other financing sources (uses) Loan proceeds

477, 1 32	 	1,503,738	 	1 ,791,090

221 ,709	2,714,215	 (1 ,300,437)

I

Transfers in
Transfers out
Total Expenditures
Net change in fund balances Fund Balances - October 1, 2016

1 53,703	5,000
(859,882)
(854,882)

(811, 873)

221 ,709	1,859,333 j!SB,877

859,882

854,882

(445,555)
(539,1 68)

-
75,000

2
390

.(289)
27,398

(1 ,01 8,585)
75,000
1 ,635,200	I

t::,
��

Fund Balances - September 30, 2017 See accompanying notes to financial statements.

$ 880,586	$ 1,047,460

$ (984,723)	$

- 14 -

....    �-.� •-•  T••  ·-    -	-

392	$

..,.. .. ..., . ..

27, 1 09

$	970,824	I �

RECHOANNCGILEIASTINIOFNWUONeFsDtTsBHiAdEeLSACTNoAmCTEmESuMOnEiFNtyTGDOeVFvEeRRloENpVmMEENeNnUtTEDASiLs, tEFrXiUcPNtEDNS llflllfi�,lNFT I

For thSeTYAeTaErMEEnNdeTdOSFeApteCTmIVbeITrIE30S, 2017	t

diffGeorevnetrnbmeceanutsael f: unds report capital outlays as expenditures.  However, in the

LolHaononwgp-ertoevceremre, dilinastbphilreitoieSvsitda.eteTcmhuiersrneitsnothffeiNneatnmcPoioauslnirteoosfno,luotrhaceneslpotraoncgepoervodecsrenienmdteshneitnacclurferuranesdnets.year.	(75,000)

ANemtoCuhntasnrgeepoinrtFeudnfdorBgaolavnecrnems e- nTtoatlaalcGtivoivtierns minetnhtealSFtautnedmsent of Activities are edSestatpitmreemactieadtitouonsfe(A$fu(c9lti0lviv3itei,e9ss5a,8st)h)deeexcpcoresetcdoiaeftditohnco.aspeTitahasilssoeisuttstlahiyes (a$lml7oo5cu,a0nt0et0dt)h.oavter their

$  1 ,635,200

(828,958)

In tcheurSretnatepmeerinotdo. f Activities, interest is accrued on outstanding and matured

Reapnadymreednutcseolfobnogn-tderpmrinlicaibpaililtiaerseinexthpe SdtiatuteremseinttohfeNgeotvPeornsmitieonnt.al funds GoainvsetarhnemmSoerttnaitztaealmtfuioenn.dt soTfrehAipscotiirtsvitbhieoesn,adtmhdioissuccnotusontftisamaslolortacniaztaeetxdiopnoevnpederirttiuohrde.ibnHotonhwdeerveepra, yment
wbohnednsd; wueh.erTehais iisn tghoevienrcnrmeaesnetailnfuancdcsru, eindteinrteesrteesxtpfreonmdithreepsraiorreyreapro.rted

738,750

(3,939)
(174,135)

Change in Net Position of Governmental Activities	$ 1,291,918

See accompanying notes to financial statements.- 15 -

For the YearGEEnNdEeRdASLeFpUteNmDber 30, 2017 

CHASTNAGWTEESeMsINtsENiFdTUeNOCDFomBRAEmLVuAEnNNitCyUEEDSSe,v- EeBlXoUPpDEmGNeEDnTtITADUNisRDtEriAScCtATNUDAL -
    Original	 	Final	

VFainrPiaolnsBciteuivdwegietht

Investment earnings	 	1 80 

1 80	 	41 1 

 	231 

ReSvpeencuieasl assessments	$ B6u8d1g,7e3t 0	B6u8d1g, 7e3t 0	$ A6c8t7u,a7l87

$

$ (Neg_�6iv,0e5) 7

MisTcoetlalal nReeovuesnureevsenues

681 ,91 0-	681 ,91 0-	691 08,,§6431

1 6,,694331

ExCpeuGnrredeitnnuterreasl government

41 9865,,71 57	41 8956,,71 57	21 9276,,305248

1 6908,,31 9353

Total Expenditures

DePPbtrihynSsceiicrvpaailcl e  vironment

681 ,91 0-	681 ,91 0-	45773,,71 5302

2(0543,,775708)

Fund Balances - October 1, 2016	-	-	658,877

Net change in fund balances	-	-	221 ,709
Fund Balances - September 30, 2017	$	$	-	$ 880,586
See accompanying notes to financial statements.	- 16 -

262581 ,,780797 	I

880,586	I

$	I

-. ;',.,.;-:>:,:, •;•,,,,,,.,.,,.,,,,.... ....·.�-•-····•···(;•;(1.t,•.•·..• \;\. ..., ,,,.t,t ,. ,.,,, .,,, ·'  ,..,..,,. ...._.,,., , , . , ,	•, ,.,,,,, ... .., .. ., ·

r-
-�o;   ";;"':"'  -�

, .  � ��- •	.r;--:---:---:-=:,

_	__,. 	_

Westside Community Development
District
NOTES TO FINANCIAL STATEMENTS

Tachceepfitneadncaciacloustnattinegmepnritnscipolfesth(eGADAisPtr)ictashapvpeliebdeeton gporveepranrmedentinal cuonnitfos.rmTithye wGitohvegrnemneernatlalyl

September 30, 2017

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.	Reporting

TNhuembDeisrtr0ic4t-3w4a,sseusbtsaebqliusehentdlyoanmAeungduesdt 3b0y, O20r0do4irn,athpnecuerspuNrapunomtstbeoesrOo0sf7cef-in1oa9lna, caCinnogduanCntydhaOmprtadenirnaa1gn9inc0ge,

aAgcoccvcoeournunnmttiinenggntpaSoltliacanciedcsaoraudrnsetindBgeosaacrrndibde(GdfinAbaSenlSoc)wiai.ls rtehpeoraticncgepptreindcisptlaensd. arTd-hseettDinisgtrbicot'dsy mfoorreesstiagbnliifsichainngt
Entity

Abys Crheaqputiererd19b0y, FGloMridaPS, tathtuetsees. financial  statements  present  the  Westside  Community

bDaesvic oinpfmraesntrtuDctisutrreictp. roTjehcetsDwistitrhicint isorg ovuetsrnideed tbhye abfoivuen-dmarieemsbeorf BthoearWd eosftSsiudpeervCoismorms uwnhitoy

cthoenstpruucrptiosgeo, r arem-coonngstroutchteinrgs,, eonflarfgininagncoirngex, tefunnddiningg, ,eqpuliapnpniningg, ,opeesrtaatbinlgishaindg,m  cinqtauiirniinngg,

tcFholeomraimdcauqnuSiittsyaitdiuoetnev,sec.loTpnmshteerunDcttisiwotrnitic,htimnwaitaisnstjeeunsriatsandbcicleitsihoaen.d fTophe aDtiisotnricotfisthaeuitnhforarsizterudcttoureissnueecebsosnadrys foor water management, bridg  s or culverts, district roads, landscaping, street lights and other
a re elected for two and four year terms.  The District operates within the criteria established

Based upon  he	plication of the above-mentioned criteria as s t forth i	Governmental

osepleercattiioonnsofangdovaecrncoinugntabtihlitoyriftoyr, fdisecsaigl mnaatttioenrso.f management, significant ability to influence

eDxnetevitreycliosfpeomsr etohnveteDrDsisiigstrhtricttictr(etishnepcolpunrdsimeibsailritayyllgionfuvcnelucrndtiimonnges,ntbo) ufatsgnoaovtsetralinmnmdite-eandltontione, gwfoinhvaicenhrncimathleeinntDt.eisrTdthreiecpter'senpdBoeortnacinrdyg,

units.

teThmheepchDraiitseiczrrieaettfeholayr-tpbrlensednintge.d cOonmepofnethnet ucnoimtspaorneenletguanllyitsseispareraptoerteendtitiinessewphaircahtedicdonluomt nmseetot

Accounting Standards Board, the District has identified two discretely-presented component

as follows:

it is legally separate from the District. The component units of the District is

yinecalur.ded in the accompanying financial statements. This entity ceased operations during the

fCrommpaamnyo,utnhtse oDnistdreicptoasnitdinthteheUT.Sru. sBtaensktaNtea.tioFnuanl dAsssreoceiaivtieodn b(tyheth"eTrCusotmeepna)n, yaraerefunodebde

WpRreoevvseitssniioudenesBSionPnEtdh,se.LTLTCruhse-t CITnohdmeenpCtauonrmeyspaanondfytihtises oaSpeesrrpieaetcioi2an0ls0p, 5upruaprsnodsueaSneetrntietoitsya2n(0Sa0Pg7rEeS)epcmereceainattleAbdesbtwsyeescesenmrtteahnient remitted to the Trustee and  applied in  accordance with the Trust Indenture.  This entity is

the District with its financial information.	- 1 7 -

AcWesertsseatsisnsidmpeeroCnvtOisRDioeHnvesonldiuniengtBhseo, nLdTLsrC.us-Tt hTIenhdTeeruCntsoutmereepsaonofyfthitissheacosSmpeeprcioeinasel n2pt0uurpn5oitsahenadesnetSilteycrit{eeSsdPn2Eo0)t0ct7reo aSptrpeoedvcidbiaeyl

WeNsOtsTidEeSCToSOmeFpmItNeumAnNibtyCerIDA3eL0v,eS2lTo0Ap1mT7 EeMntEDNiTsStrict

_IDRA"FT I

N2.OTMEeAas-urSeUmMeMntAFRoYcuOsFaSnIdGNBaIFsIiCsAoNfTAAccCoCuOnUtinNgTING POLICIES (CONTINUED)

••	FNuontedsftinoafnincaianlcsiatal tsetamtemtsents

The•basGicofvienrnanmcieanl ts-twaitdeemfeinnatsncoifatl hsetaDteismtreicnttsare composed of the following:

Governm ent-wide financial statements report all non-fiduciary information about the

Government-wide Financial Statements

Amounts paid to acquire capital assets are capitalized as assets, rather than r  ported as

pPrreosgernatmthreevneentuceosstaorfeenaecthtepdrowgirtahmprogram expenses  in the Statement of Activities to

farrecoptmiovirtthiienesgseogfsottvhaeternpmmreimenntastr.yagsovaerwnmhoelent..   Theseeffesctat toefminetnetrfsunindclaudcteivitayll htahse bgeoevnerenmmoevnetadl Greovpveoerntrnuinemgseginnotcavlluedarncemtivceihtniaet'rssgeacsrietifzsoeurnprspyeorvrtifiectdehsabtyandmdeovnpeealoyypmeiser ncrteossnttmrriicabtduetediobntoys apanadrtpiaienrtsteicroueulsattsr.idpPerroooggfrratahmme.

Am unts paid to reduce long-term indebtedness of the reporting government are

gaonveernxpmeenndti-twuride.e finParnocciaelesdtsateomf enlotnsg, -rtaethrmer -tdheabntasaraenortehceorrfdineadncainsg slioaubrilciteie. s   in  the

TFhuendunFdinearlnyicnigalaSctcaotuenmtienngtssystem of the District is organized and operated on the basis

fausndasppbraosperidatuep. oGnotvhernpmurpenotsael srefsooruwrcheicshatrheeayllaorceatodbteo sapnedntacacnodutnhtedmfoear nins ibndyivwidhuicahl

spending activities are controlled.

reported as a reduction of the related liability, rather than as an expenditure. tohfpaestercapotaiomrnapstreiosffeuenitadscsah, sefsuaenctdsh,aolrifaewbaihlicticcieohsu,isnftuecndodnfsoeirqdwueiritteyhd, arteosvebpneauareassteapnsadertaeotxefpseaecnlfcd-obituaunrlaetinsncgoinregenxatipctyce.onusTnehtses,
piFnrufeonsrdmenafttieniodannacaftibaeolrutstmaetaegjomorvefenurtnnsdmsfeoinnrtd-iwtvhiidedeuapflrliynim.anacryial gsotvaeternmmeentnst.'s Tghoevseernsmtaetnetmalenftusndispalarey

-  18 -

WeNsOtsTidEeSCToSOmeFpmItNeuAmniNbtyCerIDA3eL0v,eS2lTo0Ap1 7TmEeMntEDNiTsStrict

_IDRAFTI_

2N.OTMEeAas-urSeUmMeMntAFRoYcuOsFaSnIdGNBaIFsIiCsAoNfTAAccCoCuOntUinNgT{INCGonPtiOnLueICdI)ES (CONTINUED)

DSteafinnditaiordnss.BToaherd Sttattemenntt 5r4eq-uiFreusndthBealafunncde RbaelpaonrctiengfoarndgoGvoevrnemrnemnetanltafluFnudnsdtoTypbee

Governmental Funds

Fund Financial Statements (Continued)

Nonspendable Fund Balance - This classification consists of amounts that cannot be

required to be maintained intact.

The District has various poli  ies governing the fund balance classifications.

The   District   classifies  fund   balance   according   to   the   Governmental  Accounting waremhpiocouhrtnettdhseiinngtochvloaessrnesimffuicenandttsioiscnsabnothbuanetdscptoemnhtpo. rnisoer caonhsietrairncthsyonbatsheedspericmifaicrilpyuorpnosthees feoxrtewnhtictoh
spent because they are either not in spendable form or are legally or contractually

Governmental fund financial statements are reported u ing the curr nt financial

ebxaplaenncdeitculraesissificactuiorrnesdcfour lpdubrpeousseesdf.or which amounts in any of those unrestricted fund

ftRhoersostuprgiechtceiefdincaFpbuulnirndpgoBsleeagslaisnslactitepiou-nla. Ttehdisbcylathsesifsictatteiocnoinsctliutudteiosna, mexotuenrntsalthreastocuarncebeprsopveidnetrso,nolyr AtfousnbsdeigbnuaesldaendFcfueonsrdcsapBneaclaifilnsccoepbu-erpTaoshssiseigscn,leabdsustbifayicrtaehteinoeDnitichseotrnrictsrie'ssttsmriocatfnetadhgeenomBroecanortdmcommitStpeuadpn.eyTrv. hiseoarssiingtneendt goUotnhvaeesrrscniglmanseesnditfi'scFagutienodnnesrB. aalUlafnunancsdesiga-nnedTdhinifsucnlucddlaebssaslifaaincllacetsiopisnencidsoanbtshliedeearremedsoitduounatbsle cnuoltatilsizsceiofdinctfaairtiisnotenwdfhoienrnttahne
areresocuorncseisdemredastuorebme eanvtafiloacbules wanhdenthtehemyoadriefiecdolaleccctreudalwbitahsinistohfeaccucroreunnttinpge.rioRdeovresnouoens
tfrheisevceraenlaupfteerriottodo. bpeayalviaabilailibtilees ifofththeey caurerrecnotllepcetreioddw.  iFthoinr t6h0is dpauyrspoosfet,hteheeDndistorfictthceoncsuirrdenrst
Eacxcproeuunandltiittnuegrme. saInngdteensreosrhtaallayssbsaeorceinartreedccoowrgdinethidzetwhdehaescnurerraveenlntiaufbeisilocitfyatlhipseecriinuocrdruerinrset dfics,ocnaasslidpeuernreidodedrt. oacbecruaanl

N2.OTMEeAas-:-urSeUmMeMntAFRoYcuOsFaSnIdGNBIaFsIiCsAoNfTAcAcCoCuOntUinNgTI(NCoGnPtiOnLuIeCdI)ES (CONTINUED)

WeNsOtsTidEeSCToSOmeFpmItNeuAmnNibtyeCrIDA3eL0v,eS2lTo0Ap1mT7EeMntEDNiTsStrict

Governmental Funds (Continued)

Fund Financial Statements (Continued)

cbuarlarenncte liaisbilitcieosnsaidreregdenetorallbyeincaludmedeasounretheofba"laavnacielabsleheestp. enTdhaeblereproertseodurcfeusn"d.

Und r the current financial resources measur	ent focu , only current assets a faGinsosavenetcrnsin. mg eAsnoctucaorlcredfsiun)ngdalyn,dotpdheercyarteianargseessta{aeitdxepmteoenndptirsteusrpernetsaenandtsoutimnhecmr afairnysaenoscfin(srgoeuvuresceneuss)esiannnadentducsueorsrtheeonrft

"Baevcaailuasbele sopfendthaebilre respsoeunrdcinegs• dmureinagsuarepmereiondt.

focus,	expenditure	recognition	for

gtghooevyerrndnomenonttaall fffuencddt ttnyepptecseuxerpxreecnnlutddiaetussrseaesmtsoo, rusfnuutcnshdrellioapnbrgeil-siteieenrsmt.edabmyonuonnts-caurrerenntotliarbeicliotigensi.zeSdincaes Atdhemabtot uraenrsetsoruercxceopresdneaddreeadsetxoptaheecnqdr fueiidnrea, nrcacatinhpgeitraslothauarscnseatrsatafhureenrdtrheaacsnosreadtsesd.a afTusnhedexlpiarebonicldietiyteu.drsesofinlotnhge-tyeeramr
BasDisebotfsPerrvesiceenetaxtpioennditures are recorded only when payment is due.

foacrcoaullntfeindafoncriainl  arensoothuercrefusnodf.  the  general  government,  except  those  required to  be

GGoenveerrnalmFeunntda-l MTahjeorGFeunnedrasl Fund is the District's primary operating fund.  It accounts

construction of certain infrastructure improvements within the boundaries of the District.

cons ruction of certai master infrastructure improvements within the District.

rDeetibret StthehervesicdpeebcFtiaulnoadfs2tsh0ee0s5sbmaoenndt 2rae0nv0te7icniBupeaotnibodonsn-dnsoAtwecschoicuahnntwdsefotroer ufidsenebadtn,csaemrvtohiceneg raoectqqhueuiirrsetimthioiennngtssa, ntodo Capital Proiects Fund 2005 and 2007 - The Capital Projects Fund accounts for

- 20 -

-.:;:.....!7_,_-0• .-•	• . • ·  · ·  •·-•·•. ••.   :· .:  ..:......:,.__.>  .�  ,,	,•· �• •••·•c.,.:-.-, ..,   .   •• •. •  • •  ,..,.. . , ..,      ••·       ..a.,...,.m� &...,....,_.__,	�-�����........,	,--...._.___.... ..-.-. � • ---	·-----··-·----------------····--  --

3. Basis of Presentation (Continued)

WeNsOtsTidEeSCToSOmepFmItNeumAnNibtyCerIDA3eL0v,eS2lTo0Ap17TmEeMntEDNiTsStrict

_I DRAFTI

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED}

GASS Statement 34 requires that non-current governmental assets, such as land and

Non-current Governmental Assets/Llabilltles
rPbeuopisloditrtiinoegnds. ,inatnhdengoonv-ecrnurmreennt tgaol vaecrtinvmitienstacol lliuambinlitinest,hesugcohvaesrngmeennetr-awl idobeliSgtaattioenmbeontndosf ,Nbeet
Aa.ssCeatss,hLaianbdilIintiveess, tamnednNtset Position or Equity

pinrsotvitiudteiodnsaspraodviddietiocnoaml  minosnurcaonlclae  troaltfhreomfetdheeriar ldedpeopsistsitoorfy piunbsluicrafnucnedsa. ndThailslowposol is

fmCinhoaannpiectisearlw2iint8hs0tfi,tiunFtailononcriidapaloionSlsttwaitthuuettieroesnbsyrecqglaursoirsueifpiessdtoaaftesse"aQcnuduraitliiefciseadlplPgeuodbgveleicrnd Dmbeyepntohtaseiltovuranieritisos,u"tsaofmidneaupnltocipsialeitl

public deposit .

additional assessments against the member institutions, providing full insurance for The District is authorized to invest in those financial instruments as established by

lI'.

2.   Tpohoel Laoucthaol rGizoevdeprnumrseunatnSt utorptlhues FFluonriddsaTl nrtuesrtloocraal nCyoionpteerrgaotivverAnmcteonfta1l9i6nv9e; stment

Sec1ti.onD2ir1e8c.4t 1o5b,ligFalotiroidnas SotathtueteUsn.f	itTehdeSatauttehsorTizreasinuvrye;stments consist of:

highest credit q uality rating from a nationally recognized rating agen cy.

>  3.   dInetpeoressitto-brieeasr; ing time deposits or savings accounts in authorized qualified public
4. Securities and Exchange Commission, registered money market funds with the

Certain net position of the District will be classified as restricted assets on the statement

Restricted Assets
or enentabpolinsgitiolengibselactaiouns;eotrhbeyir ruessetriicstiloimnsiteimd peoitsheedr beyxtlearnwatlhlyrobuygchrecodintostristu. tional provisions

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WeNsOtsTidEeSCToSOmeFpmItNeuAmniNbtyCerIDA3eL0v,eS2lTo0Ap17TmEeMntEDNTisStrict

r·
_IORAFTI

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
4. Assets, Liabilities, and Net Position or Equity (Continued)
Capital Assets

assets is historical cost.

gCoavpeitranlmaesnsteatlsa, wcthivicithiesin. clude infrastructure and construction in progress, are reported in TmhoereDaisntdrictandeefsinteimsacteadpituasl eafsusl elitfse ains aesxsceetssswoifthoanne iyneitaiar.l, InTdhievidvuaalul actoiosnt obfa$si1s,0f0o0r aolrl

improvements are capitalized as projects are constructed.

Tmhaetecroiasltlys eofxtneonrdmiatsl musaeinftuel nliafencaereanndotrecpaapiirtsaltizheadt .doMnaojtoradoduttlaoytshefovracluaepiotafltahessaests atnodr

as follows:

Dmeepthreocdi.atEiosntimofatceadpiutaslefauslsleivtessisofctohempvuatreiodusancdlasrseecsorodfedebpyrecutiailibzleingcatphietalsatrsasigehtst-lainre

Budgets

IInmfrparsotvreucmteurnets other than buildings

31 0 years

pursuant to Chapter 1 90, Florida Statutes.	The District utilizes the same basis of

Budgets  are prepared  and  adopted  after public hearings for th	governmental funds,

year end.

the fund level.	As a resul	deficits in the budget variance columns of the

aFcocrmouanl tbinugdgfoertsbaurdegaedtsopatseditfodroethsefgoer nrevraelnfuuensd.aTndheexlepgeanl dleitvuerel sofinbuidtsgevtaarriyoucsonfturnodl sis. accompanying financial statements may occur.  All budgeted appropriations lapse at
Unamortized Bond Discounts

discounts are netted against the applicable long-term debt.

tBoonthdedisstcraoiugnhttsliansesomceiattheoddwoitfh atchceoisusnutianngc. e Foof rrefvineannuceiabl ornedpsortarinega, munoartmizeodrtizaecdcobrdoindg

- 22 -

WeNstsOTidEeSCToSOmeFpmItNeumAnNibtyeCrDIA3eL0v,eS2lTo0Ap17mTEeMntEDNiTsStrict

_l DRAFTl_

Government-wide Statement of Net Position

NOTE	8   -   SRTEACTOENMCEINLITASTION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL

WCahpeintacl arpeiltaatel adsisteetms s(improvements and infrastructure that are to be used in governmental

SPhoesietito. nTvhe esffusectthoef tchuerrdeinfftefreinnacencsiails riellussoturarcteds bfoeclouws . of the Governmental  Fund  Balance

	Explanation of Differences Betw	n the Governmental Fund Balance Sheet and the T"pTohosistitaidol infff"uenoredfngceboavleparnrnicmmeaesr»niltyoalrfeatscthueilvtsitDiferisotmr(i$ct(t2'hs,e7g9loo4nv,9ge-1rnt4em)r)merenetpcaoolrntfeoudmndiincs tfho($ec9uS7st0ao,t8fe2tmh4ee) nSdt tiffoafetersNmeetfrnPotomosfit"iNonentt.
ainsctsgiveoittsvieeasmm) maorneegnpttauhlrecfhuaasnsdestd:sooHrfocthowenesDvterisurt,ctritcehtdea, stShaetawcteohmsoteleon.ftthoofsNeeatssPeotsitiisonrepinocrtluedeads tehxopse dciatupriteasl

ILInmafrpnardsotavrenudcmteuimrneptsroovtehemretnhtasn buildings

$   21 71 ,,7502661 ,,,791 5510

AccumulaTteodtadl epreciation

$   2(99.,575621,715060)

Long-term liabilities applicable to the District's governmental activities are not due and

wpliaaebyrieali:btieles ianrethreepcourtreredntin pteherioSdtaatenmd eanctcoofrdNinegtlyPoasrietion. t Braelpaonrtces aatsSfeupntdemliabebrilit3ie0s, .20A17ll

Long-term debt transactions

BNoonted pdaisycaobulent costs

s payable AccumulaTteodtaal mortization

$	(29, 965,0

(10892,,453080)

$  f30 0(3720,,66071)9)

AAccccrruueedd liinatbeilreitiesst  in  the  Statement  of  Net  Position  differ  from  the  amount  reported  in

governmenAtaclcfruuneddsidntueeretostthe accrued interest on bonds.

$	(3,256.817)

WeNsOtsTidEeSCToSOmeFpmtINeumAniNbtyeCrIDA3eL0v,eS2lTo0Ap1 7mTEeMntEDNiTsStrict

.I DRAFTI

r

NOTE	B   -   SRTEACTOENMCEINLITASTI(OCNONTOIFNUEGDO)VERNMENT-WIDE	AND	FUND	FINANCIAL

tt°·

EanxdpltahneaStitoanteomfeDntiffoefrAencctievsitieBsetween the Governmental  Fund Operating  Statements

Capital related items

The "net change in fund balancesn for government funds ($1 ,635,200) differs from the "change in net position" for governmental activities ($1 ,291 ,91 8} reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below.

When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the Statement of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation expense. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation expense charged for the year.

\l' I<

!

t
ii

Depreciation

$	(903,958}

Capital outlay	 	75,000

Long-term debt transactTioontasl

$	(828 958)

Repayments of bond principal are reported as expenditures in the governmental funds and, thus, have the effect of reducing fund balance because current financial resources have been used.

Note payable payments· Bond principal payments
Amortization of bond discounts Total

$	53,750
685,000
(3,939)
$	734,811

The issuance of new debt provides current financial resources to governmental funds, but the issuance of new debt increase long-term liabilities
Proceeds from note payable	$	Q5 000}
Some expenses reported in the Statement of Activities do not require the use of current financial resources, therefore, are not reported as expenditures in governmental funds.
Net change in accrued interest payable	$	(174.135)

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WeNsOtsTidEeSCToSOmeFpmIteNuAmniNbtyCerIDA3eL0v,Se2lTo0Ap17mTEeMntEDNiTsStrict

I
_IDRAFT I

balance sheet as cash and investments.

Custodial Credit Risk - Deposits

ANlOl dTeEpCos-itsCaAreSHheAldNiDn qINuValEifSieTdMpuEbNliTcSdepositories and are included on the accompanying

Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

dbeproestuitsrnaenddtoinivte. s_TtmhenDtsis.trAicst foofllSoewpstethmebepro3v0is, i2o0ns1 7o,fthCehaDpistterric2t'8s0b, aFnlkorbidaalaSnctaetuwteass r$e7g4a7r,d0in1 g7

As of September 30, 201 7, the District had the following investments and maturities:

Custodial credit ri k is the sk that in the event of a bank failure, the District's deposits m	not oaDfnisdCtrhitchatepmtceaarirn2rty8ain0ing,sFvalaolllrudideeapwoSastsiatst$u7itne4s6a,,6qw1uh2aic.lifhieEmdxeppaousnbuslircethdtaeotpcaousllsitdtooerdypioainsl itcasrcecadoriterdrfaisunklclyewiwnasituharesthdfeoblplyorwoFvsei.sdiTeornhasel

SFtidaTeteolittByaolGaorvdeorfnAmdeInmnvtinePissottmrtfraeotnioliton CFlosrisdaIl lPrime

M353a1tdduaariyytisse**s

$  Fai5r ,V185a83l0u,,e703472

*Maturities are a weighted average maturity.

$	6,033,779

Ainsvsoelvtsingoridleianbtiilcitaiel sorasreimcilalarsassifsieedtsi,nltiaoboilintieso, fotrhgreroeulpesvoeflsa. sLseevtsela1ndisliathbeilitimeso.st reliable and is

musaerdketot pmaertaicsipuraenttsheatfatihrevamlueeasoufrtemeanstsda.tTe.heThDeishtrieicrtaurcsheys ias mb  rkeedt oanpptrhoeacvhaluinatmioenasinupruintgs

TbesehtearebDcelisishitvreeicddt btcyoatgseeegnlolerarizanellsyasaistscectfe,apoitrrevdpaaaluicdectoomuentrtaainsngusrfepermrineacniptlisalebswi.liitTyh,hineintfhaeinr fvoaarirdlueevralyilsuettrhaehniseparriacctreicohntyhabrteetwcweoenuetllndy fair value  that  uses  prices  and  other relevant information  generated  by mari<et transactions

Based on the criteria in the preceding paragraph, the Fidelity Government Portfolio Class Ill 

uinncolubdseesrvtahbeleDiisntpriuctts's tohwant  dusaetatihnembeeassturininfgormunaotbiosnervavaabilleabinlepuutsn.der the  circumstances,  which

sobiragsnlieaifdbicilaoitnniet soq,tuhionetremdoabprskreeicrvtesabftholeartiindaperuenttsincowatlhaaecsntsioveebtst. a, Lioneirvneglial qb3uiloiitstieestdh, epinrliecaeasntfaorcertliiivdaeeblnemticaaari<nldeotru. sLeimesvilseailrg2nasifsuicesatensst,

TIntherese fotrmRatal eInRiskvestment policy  of the  District  conforms  with  State  statutory requirements  a  d

investment listed above is a Level 1 asset.

i,

,.

i

ibnotenrdesintdraetnetsu.res for investment maturities as- a25m-eans of managing its exposure to i ncreasing

��-�-,-.-,...... -----    ----·----·---

NOTE C	

WeNstOsTidEeSCToSOmepFmItNeuAmniNbtyCerIDA3eL0v,eS2lTo0Ap17TmEeMntEDNiTsStrict

_I DRAFTI_

- CASH AND INVESTMENTS (CONTINUED)
Credit Risk

The District has no investment policy that would further limit its investment choices.	As of

i	i  's investment   are limited  by state statutory requirements and  bond	mpliance. SteaptteeBmobaerrd3o0f, A2d0m1 7in, itshteraDtioisntrFiclto'sridinavPesritmmeenwtserien rFaitdeedlitAAAy Gomvebrny mSteanntdPaordrtfaonlido PColaosrs'sI. ll and the
Concentration of Credit Risk

remaining 3% of the District's total investments are in the Florida Prime.

TinheFiDdeisltitryictGpolavceernsmneonltimPitoorntfothlioe aCmlaosusntIlilt maraey 9in7v%estoifn tahney Donisetriinctv'sesttomtaelnti.nvTehsetminevnetss.tmeTnhtes

- CAPITAL ASSETS

decline in fair value for certain investments to be temporary.

T20he1 7tywpeerse otyfpdiceaploosfittsheasned itinevmesstdmuerinntgs tahnedfitshceailryleaer lthoefnrieskndeexdp. osTuhre DaisstorifctSceopntseimdebresr a3n0y,
NOTE D

OBctaolabnecre1,	SepBteamlabnceer 30,

Capital Asset activity for the year ended September 30, 2017 was as follows:

CGaopvietarnl mAessnetatsl,ANcotitviBtieeisn:g Depreciated:

2016	Additions	Deletions	2017 

Land and improvements	$ 11 ,525, 151	 $		$	$ 11 ,525,151

CaInpfiratasl Atruscsetutrse, Being Depreciated:

26,97826,795505

75,000	 		27,061,750

ToImtapl Croavpeitmael Antssoetthse, rBtehiangn bDueipldriencgisated	27,71 3,705	75,000	277,728681,975055

Infrastructure

Total Accumulated Depreciation

Less Accumulated Depreciation For: Improvements other than buildings
Total Capital Assets Depreciated, Net

(8,160,053)	(901 ,642)	(9,061 ,695)

(688,095}	(2,316)	(690 4111

1(88,,86458,,515478}	((8920831,958)    	  	{198,,705326,,150969)

Governmental Activities Capital Assets	$ 30,390/08	$ (8281958)	$	$ 291561 ,750
Depreciation of $903,958 was charged to physical environment.
- 26 -

TNhOeTfEolElow-iLngONisGa-TsEuRmMmDarEyBoTf debt activity for the District for the year ended September 30,

WeNsOtsTidEeSCToSOmeFpmItNeumAnNibtyCerIDA3eL0v,eS2lTo0Ap17mTEeMntEDNiTsStrict

201 7:

ABProdindcditispo/ansloptteaosynmpoaeteynatpsbaleyaabtleOctober 1, 2016

$	30(,87771581 ,,,207050)0

During the year,  the scheduled debt service payments  on the Series 2005 Bond  and  Series

Bonds/notes payabl at September 30, 201 7	$ 30 107,500 2tah0me0oa7ucncBtosomnadrpe,anr$ey8fi5nleg4c,tfi4en5da9nincatinahdlesbt$aa1tle,a4mn6ce8en,1to6sf.0m, aretusrpeedctbivoenldys,  pwaeyraeblneoat npdamidatbuyretdheinteDrisetsrticpt.ayaTbhlesine

tc$ho1rl7ula, 5teM2r5a,l0lz0e10d, S2e0br4iye1s, 2tphae0y5abBploelenddogsne, diMntaeyrreesv1tenaautne5ds.6N5o%ovf,emmsabpteuerrcini1ag;l

TainshteeareDsitsteprcaiciyataldbcidleal.ml pakriencuipnascl hpeadyumleedntdaenbdt s$e4rv,0ice76,p1a0y0mwehnticshown athseaSpeprliieds 2to00p7reBvoionudsloyf m$4a0tu,0re0d0 SDpisetrciciat ldAebstsiesscsommepnrtisRedevoefnthuee fBoollonwdisn,gSaetrSleespt2e0m0b5er 30, 2017:

as	ssments levied against the benefited property owners.

Saspseecsisaml AenstsselsesvmiedenatgRaeinvset nthueebBeonnedfitse,dSperroiepsert2y00o7wners. tc$ho1rl7ula,5teM1r0a,l0iz0e10d, S2e0br3iye8s, 2tph0ae0y7abBpleolenddogsne, diMntaeyrrev1tenaautne7ds.2N0o%ovf,emsbpteuerrcini1ag;l

Note Payable

Net Bonds Outstanding

Less bond discount, net

$p3e6rf5o,0rm00ednofoter tphaeyDabisletritcto,cpoanytraabcletoorvpeerrsaegvrenemyeeanrtsfowritwhonrok interest.

- 27 -

$	14,535,000

1 5,3(9706,,082009)
$ 29,848,171

$	182.500

---- ··- ·	--

TNhOeTaEnEnu-alLrOeqNuGir-eTmEeRnMts DtoEaBmTo(rCtiOzeNtThIeNpUrEinDci)pal and interest of long term debt as of

WeNsOtsTidEeSCToSOmepFmItNeumAniNbtyeCrIDA3eL0v,Se2lTo0Ap17TmEeMntEDNiTsStrict	lnRAFTj

783,750	$

SeptembeYr e3a0r, 2E0n1d7ingare as follows:

Interest	Total

19

$

Sep2te0m1 8ber 30,
22002210

Principal
98207585,070050

11 ,89838265,,,691908835

$	2,711145,,69935358

1,772884,27608

2,689,268

202280-2220327	57,,978147005,,,000	75,,656704,,269535	123,,,634746098,,,26957350
203230-328037	110,,83535,000	2,69859,,402080	131,,453404,,402080
Totals	$	30,107,500	$	25,186,700	$	55,294,200

wiDnehciplcuohdsinirtegovrytehneFuiurenpsdusarpr-eosTteohse,biebsoadnsedpforoelslsoitoweludst: iionntoetshteasbelisfhuensdsc.ertAaindefusncdrisptaionnd odfetheermsinigensifitchaentordfuenrdsin,

SPumECmIAaryL AofSSEgSniSficMaEntNBToRndEsVRENesUoEluBtioOnNTDeSrm, SsEaRndIECSo2v0e0n5anAtNs D SERIES 2007

orRefemtshaeeirnvSienegrFiedusenbd2ts0s0-e5rTvBhicoeen2dp0sa0ya5mnadenntdht.e2M0S0eo7rnieiResse2sh0ee0rvld7eiBnAotchncedosureninstsearvanreaemafcuocnuodnuetndetfqsruowamilllttobhetehupesreohdcigehoeendslyst

for the purposes established in the Trust Indenture.
$

RBae5sla6en5rvc,96e  8

$ReRq1eu,1sir6ee3rvm,8ee9n4t

Speciial Asseessmeent RRevenue Bonds, Seriiees 220057	$	713, 527	$  1,315,003
TthheeSDpiesctriiacltAdsidsensostmmeankteBtohneds, hSeedruielesd20p0ri5ncaipnadl2a0n0d7 inretemreasint pinadyemfeanutlts. in the current year and

� 28 -

-----· -·----·---"--- ---	 	

WeNstOsTidEeSCToSOmeFpmItNeuAmniNbtyeCrDIA3eL0v,eS2lTo0Ap17mTEeMntEDNiTsStrict

_IDRAFTI

NOTE F - RISK MANAGEMENT

carries commercial insurance.

dTehsetrguoctvioenrnmofenatssisetsex; peorsroersd taondvaorimouisssiroisnkss;  aonf dlosnsatureralalteddisatostteorrts sf;otrhwefthicohf, tdhaemgaogveertnomaenndt
NOTE G - SUBSEQUENT EVENTS

Revenue Bonds, Series 201 8 in the amount of $3,490,000.  Proceeds of the Series 201 8 Bonds

Subsequent  to  year end,  on  February  23,  201 8,  the  Distri	is	ed  Special  Assessment wScilliafruandPhtahsee a1c.quisition of a portion of the public infrastructure improvement associated with

- 29- 

••---·- ------------- -------- -

GOVERNMENT AUDITING STANDARDS

RINEDPEOPROETNFINDFGEINNAATNNDACUOIADNLITCSOOTRAM'STPELRMIEAEPNNOCTRESTAPONENDRIFONOTRHEMERRENDAMLIANCTAOTCENRCTSORORBDLAASONEVCDEEROWNFIINATAHN NACUIADLIT
WTOosectshetesoildaBeoCaCorodumnotmfy,SuFunlpiotyerirvdDaiesvoerslopment District

In planning and performing our audit, we considered Westside Community Development

Internal Control Over Financial Reporting

sSteaptetemmebnetsr 3o0f, W201s7ts, idaendCthoemmreulantietyd  DnoetveeslotpomtheentfinDaisntcriictal, satasteomfeantnsd,  afnodr  thhaeveyeisasrueedndoeudr

WAStuaedtiehtisanvgoefSaAtuamdneidtreaicdrad, sinanisadscuctehoedrdasbntyacnetdhwaeridthCs otahmpeptalricuoadllbeitrliengGtosetnfaeinradanal crodiafsl tgaheuendeitUrsanlciltyoednatcaScinetaeptdteesdin, itnGhetohvefeinrnUamnnicteeinadtl report thereon dated April XX, 201 8.

mpraenvaengte, moerndt eotrecetmapnlodyecoersre,  ctin  tmheissntaotremmael nctosurosne aoftimpeerlfyorbmainsgis.thAeirmaastesrigianlewd efauknncteisosnsis,  tao

A deficiency in internal control exist   when the design or oper  tion of a control   oes not allow

oComthmeuneitffyeDcteivveenloepssmeonft DWisetsrticstid'seinCteormnaml cuonnittyroDl. eAveclcooprmdienngtly,Dwisetridcot'snoint teexrnparel scsoanntrolpionvioenr

asDtpiaspttreroimcpte'rsinattisne,teibnrunttahnleoctcofinrotcrruotmlhesotvapenurcrpefiosnsafenocroifathleexreppprueorsrtpsioninsgge taonf deoexptpeinrreimosnisnioenngthtoheueraeuoffdpeiitcntipoivrneosnceeosdnsutrohefesWfithneaasttnscaidirael financial reporting.

cimopmobrtinaanttioennooufgdheftoicimenecriiet sa,ttiennitniotenrnbayltchosteroclhtahragteids wleisths gseovverenatnhcaen. a material weakness, yet

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climonitsaidtieornsto,  dbuerimngateoruiral awuedaitkwneessdeids. nHotowideevnetrif,ymaantyeridael fwiceieankcniesseins imntaeyrneaxl isctotnhtarot lhtahvaet nwoet

diOneusirnctrecibrnoenadslidicneotrnahtetrioflnirtshotafpt aimnratiegrnhratapblhecoomfnatthtrieosrl isaoel vcwetieroanfkiannendscswieasal sorernposotigrdtnienifsgicigawnneatdsdteoffiocridieetnhncetiifeyslima. liltGeddievfeipcnuiertnphceoiseses been identified.
- 30 -

As part of obtaining reasonable assurance about whether Westside Community Development

WBoeasrtdsiodfeSCuopmervmiusnoirtsy Development District
Compliance and Other Matters

Development District in a separate letter dated April XX, 201 8.

required to be reported under Government Auditing Standards.

fipnroavnisciioanl sstwaatesmneontt aanmoobujnetct.iveHoowf eovurr,aupdroit,viadnindg aacc  rodpiningiloyn,  woen dcoonmoptliaenxcpereswsitshucthhoasn

ncDoismntcrpioclitma'snpclfieainnawcneicthiawlicthsetrtawatehinmicehpnrotcsvoiusalidorenhsfarveoef  aloafwdmsir,eactret rgiaaunlladmtiomisnasst,aetrceiaomlneternffatce, tcswt, eoannpdetrfhegorramdneettdeartmgerisentaestmioenfntiotssf, opinion. The results of our tests disclosed instances of noncompliance or other matters that are

Purpose of this Report

We  noted  certain  matters  that we  reported  to  management  of Westside Community

tchoempelniatintyc'es aintdernthael rceosunlttrsolofotrhaotntecsotimngp,liancden. ot Ttohipsrorveipdoertanisopainnioinnteognrathl epeaffrtecotfivaeneassudoift

The purpo  e of t  s report is solely to describ   the scop   of our testing of internal control and ipnueterrfproonrasmel e.cdonitnrolaaccnodrdcaonmcpeliawnicthe. GAocvceorrndmingelnyt,  tAhuisdictionmgmSutnaincdaatirodns isinnoctonsusiidtaebrliengfotrheanyenottithye'sr

April XX, 2018

CFBoeerrttifPeierie,drTcPoeuo, bmFlilbcosrAi,dcEaclaomun,tGanatisnes & Frank

- 31 -

MANAGEMENT LETTER

WOTosectshetseoildaBeoCaCoroudmnotmfy,SuFnulipotyerirvdDaiesvoerslopment District

xx, 2018.

WoRfeeapnhodarvtfoeornathuthedeityeFedaintrhaeenncfdiineaadl nSSctaeiaptletsemtmaetbneetmsre3n0t,s2o0f1t7h,eaWndeshtasvideeisCsoumedmouunrityreDpoertvetlhoeprmeoenntdDatisetdrictAparsil

oSftathnedaArdudsi,toisrsGuenebryal.the Comptroller General of the United States and Chapter 10.550, Rules

AWStuaedtceitsoo;nrd'stuhceRteedsstpoaounnrdsairubddislitityinapapclcicoarbdlaencteo wfitinhaanucdiaitl inagusdtiatsndacrodnstagienenderainlly aGcocveeprntemd einnttheAuUdnititinegd

Gcoennjuenractl.ioDn iwscitlhostuhreis smianntahgoesme erenpt olertttse, rw.  hich are dated April XX, 2018, should be considered in

Aexcacmoridnantiocen wcoitnhdGucotveedrninmeanctcoAruddainticneg wSittahnAdaICrdPsAaPndrofInedsesipoennadl eSnttaAndcacrodusn, tAanTt-'sC RSeepctoirtono3n1a5n,

WaOntedhehoranvRCeeopismosrtpulesiadnaceonudraSInncddheeOpdtehuneledreMnattAteurdsitBoar'seRdeopnortanoAn uIdntiteornfaFl iCnaonnctriaoll Sotvaeter mFiennatnscPiael rfRoerpmoertdinign regard ing compliance requirements in accordance with Chapter 10.550, Rules of the Auditor

pFrinedceindgin2g01fin1-a0n1cial audit report.  The current status of the prior comments is as follows:

cSPoerricroteiroctAnivu1ed0i.at5cF5ti4ino(nd1s)in(ig)h1as.v, eRubleesnoftathkenAutoditaodrdGreesnserfainl,drienqgusiraensdthraetcwoemmdeetnedrmatiinoenswhmeathde  ionr tnhoet

rlaenmdehdoyldtehrecdoenftaruibltu. tions.   The  District continues to work with landowners and bondholders to

sI npethceialcuarsresentssymeaern,tstheleDviiesdtricat nrdecemivaedde seutntslecmhedtuslefdromintaeredsetvealonpderpWhrinocipwaal spianydmeefnatuslt onn

Management Respons

TdSehbreiteDsseis2rvt0rii0c7ecSroepnseteicnrviuaeel AsrestqosuebisresemuneanbttslReoetnvoetmhneuaekSeeBrceoiensrtdas2.i0n0s5chSepdeuclieadl Adsesbetsssemrveicnet RpeavyemneunetsBaondsmaenedt fpoorurotespctealortnsyduihnreegldabnobdnydctshre.eaLSteiPtdigEawnioaSnsPwsEoitlhdin aancodcthoaerdpraodnrtecivoeenlwoopifthethrberoepnsrduoltceeodevedinsnaawnastusmprmDouavrridiynegjdudtthogemthceeunrtDreiinsnttrliieycteu aosf,

- 32 -

F

I,:-i
Ff:
!I·

Current Status

WToetshtseidBeoaCrodmomf SuunpityervDiesvoerslopment District

Finding 2012-01

2007 Debt Service Fund forwhich sufficient resources were not available to cover the deficit.

TpahyemDeisnttrsicmt aisdestinl nthoet currerrent yweitahr.the debt service amortization schedule after factoring in the The District reported a fund balance deficit in the Series 2005 Debt Service Fund and Series

yfuenadr abnadlanacpeortsuiornpluosf thine tphreocSeerdiessw2a0s0p5roBvoidnedds.to Tthe DDisistricictt ahsacsoentnrtieburetidonisntoresSueltttinlegminenat

hcaoms cpaleuteseddadfofrieccitlsosinurbeoltahwSseuriiteosn2o0n0e5 ofntdheSemraiejosr2l0a0n7doDwenbetrSs ewrvhiceh Freusnudltse.dTinheowDnistrrsichtiphaosf

vMPaearrnioafuignsdemimngaejno2tr0Rl1ae2ns-d0po1ownfsnroemrs twhehoDhisatvreictf'sailFedisctaol pYaeyatrh2ei0r1a4nAnunanludael bAtusdeitrvRiceepaosrts, etshsemDeinsttsricwt hhicahs the property being transferred to a Special Purpose Entity.  The property was sold in the current

oafssaessssemssemntesnatsnda/nodr/doer esdaleofopfrporpoepretyrttyo btyhethSePSEPiEn lpieer othfefosreetctleomsuerentlaawgresueitm. eOntncise ccoomllepcletitoen,

Current Status

Agreements  with  two  other  major  lando  ners  which  resulted  in  the  collection  of  past  due the deficits and auditors finding for both Debt Service Funds will be eliminated.

Section 1 0.554{1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply

Financial Condition and Management

TSeherie2s020050D7eDbet bSteSrveircveicFeuFnudnrdepreomrteadinas wfuitnhdabdaelafnicciet bsaularpnlcues ainstohfeSceuprtremntbyeera3r0. , H2o0w1 7e.ver, the

PreusresrvuaentretqouSireemcteionnts. 1 0.554(1) (i)5.c. and 1 0.556(8), Rules of the Auditor General, we applied

cdoidnnmeecetitononwei ofotuhreacuodnitd, itwioensdedtersmcrinibeedd tihnatStehcetioWne2s1ts8id.5e03C(o1m), mFulonriitdyaDSetvaetulotepsm inntthDaitsttrhict

WaSpeepcsrttoiospnidriea2tCe18op.m5ro0mc3eu(dn1)uit,yreFDsleoavrnieddalocpoSmmteamntututneDsicis,attraeictntdhheaidsremnstueifltticsoanotefioonourromdf oetrtheermofsintphaeetcioicfniocnadcsiottinodnwistihodenetshscemrriboeetr.dnoIint District did not make certain scheduled debt service payments and did not meet debt service
fmcionanandnaictgiioaenlmc; eonutdr'siftiinoraennspcaoiasnlssceiobsnsilimdtyiteitonont pmarsosneeitsdosurmrWeesnetfsowatrsiWdseebsCatsoeimddemiCnuonpimatyrtmDounenvittyheeloDpreemvperlenostpemDnietsanttrtiiocDnt'isstmrfiictnaad. neIctbiaisyl

I!
!r-

IIr:
!'·: 

Smeactnaiognem1e0n.5t 5a4n{d1)t{hi)e2r.e, viRewuleosf thoef ftinhaencAiauldinfitoornnGaetinoenraplr,ovriedqeudirbeysthtehastamwee.

address in the

oMuarnaaugdeitm, ewnet dLiedttneortahnayvereacnoymsmuecnhdraetcioonmsmtoenimdpatrioovnes.financial management. In connection with
- 33 -
I

TWoetshtesidBeoaCrodmomf SuunpiteyrvDiesvoerslopment District
Annual Financial Report

appropriate procedures and communicate the results of our determination as to whether the

September 30, 201 7 , filed with the Florida Department of Financial Services pursuant to Section

Section 1 0.554(1 )(i)5 . b. and 1 0.556(7), Rul	of the Auditor Gener l, require us to apply annual financial report for Westside Community Devel  pment District for the fi	l year	ded

reports were in agreement.

y2e1a8r.3e2n(1d)e(da),SFelpotreidmabSetra3tu0te, s2,0i1s7in.  Iangrceoenmnecnttiownitwh itthheoaunrnauuadl ifti,nawnecidael taeurdmitinreedpotrthaftorththeesefistwcaol
Additional Matters

did not have any findings in addition to the current status of prior audit findings noted above.

have occurred, that h ave an effect on the financial statements that is  less than material but

Purpose of this Letter

wSeitchtipornov1i0si.o5n5s4(o1f)(ci)o3n.t, raRcutlsesorogf rtahnet Aagurdeiteomr eGnetnse, roarl,arbeuqsuei,retshatthahtavweeoacdcdurreresds, noornacroemlipkleialynctoe which warrants the attention of those charged with governance. In connection with our audit, we

these specified parties. 

Committee,  members  of the  Florida Senate  and the  Florida  House of Representatives,  the

Our Managem	t Letter is intended solely for the information and use of the Legislative Auditing aFploprliidcaabAleudmitaonraGgemneernatl,, aFneddeisranloat nindteontdheedr tgorabnetianngdasgheonucldiesn,ot bee BuoseadrdboyfaSnyupoenervoistohresr, tahandn

Fort Pierce, Florida

BCertgifeier,dTPouobmlibcsA, cEclaomun,tGanatisnePsL& Frank April XX, 2018 

- 34 -

__________._.... ,	··----------·-··· ---·--··- ------· ··---
f[

INDEPWEITNHDESNETCATICOCNO2U1N8T.4A15N,TF'SLORREIPDOARSTT/CAOTUMTPELSIANCE

Osceola County, Florida

TWoetshtesidBeoaCrodmomf SuunpityervDiesvoerslopment District

District's compliance based on our examination.

r	ponsible   for   Westside	Community	Developme	District's	compliance   with	those

2W1e8.4h1a5v,e FeloxarimdaineSdtaWtuteesstsidduerinCgomthmeunyietyarDenvedelodpmSeenptteDmisbterirct'3s0,co2m0p1l7ia. ncMeanwaitghemSencttioins requirements. Our responsibility is to express an opinion on Westside Community Development

District's compliance with the specified requirements.

circumstances. We believe that our examination provides a r  asonable basis for our opinion.

t  t basis, evidence ab	t Westside Comm unity Development District's compliance with thos

AOmurereicxanmiInnasttiiotuntewoafsCceortnidfiuecdtePdubinlicacAccocroduanntcaentws itahnda,ttaecstcaotridoinngsltya, nidnacrluddseedsetaxbalimshineidngb, yonthae requirements and performing such other procedures as we considered necessary in the Our examination does not provide a legal determination on Westside Community Development
wInithouthreoapfinoiroenm, eWnteiosntseidereCquomiremmuennittys dDuervineglotphme eynetarDeisntdriecdt cSoemptpelmiebde, rin30a,ll20m1a7te. rial respects,

Fort Pierce, Florida

CBertgifeier,dTPouobmlibcsA, cEclaomun,tGanatisnePsL& Frank April XX, 2018 

- 35 -

(J)m
0z1
0z
<

RESOLUTION 2018-08
A RESOLUTION OF THE  BOARD OF SUPERVISORS OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2018/2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND P UBLICATION 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 Westside Community Development District ("District") prior to June 15, 2018, a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ("Fiscal Year 2018/2019"); 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 WESTSIDE COMMUNITY DEVELOPMENT DISTRICT: 
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2018/2019 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: HOUR: LOCATION:

August 1, 2018
11:00 a.m.
Offices of Hanson, Walter & Associates 8 Broadway Avenue, Suite 104
Kissimmee, FL 34741

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola 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 TIDS 2nd DAY OF MAY, 2018.
ATTEST:	WESTSIDE	COMMUNITY DEVELOPMENT DISTRICT

By: 	
Secretary	Its:-------	-----

Westside
Community Development District

Proposed Budget Fiscal Year 2019

Presented by:

Westside Community Development District
Ta ble of Contents

1	 	General Fund
2-8	 	General Fund Narrative

9	 	Series 2005 Debt Service
 	Allocation Methodology - Series 2005

 	Series 2007 Debt Service
 	Allocation Methodology - Series 2007

 	Series 2018 Debt Service

14-15	 	Series 2018 Amortization
 	Allocation Methodology - Series 2018

 	Capital Reserve Fund

Westside
Communi� DeveloJ!ment District
General Fund
Fiscal Year 2019
AOOPTEO	ACTUAl	PROJECTED	TOTAL	PROPOSED
BUDGET	THRU	NEXT	PROJECTED	BUDGET
 	FY 2D18	D3/31/18	6 MONTHS	9 30/18	FY 2D19

REVENUES:

Maintenance Assessments	$681,730	$571,528	$110,202	$681,730	$681,730

$5,545

Interest Income	$200	$1,913	$4,680	$6,593	$5,000

Miscellaneous	$0	$5,090	$0	$5,090	$0	
TOTAL REVENUES	$681,93D		Sl141BBZ	$698,959	$686,730	
EXPENDITURES:						
Administrative:						
Supervisor Fees	$12,000	$1,400	$2,400	$3,800	$12,000	
FICA Expense	$918	$107	$184	$291	$918	
Engineering Fees	$10,500	$6,378	$3,000	$9,378	$10,500	
Legal Services	$40,000	$12,176	$27,000	$39,176	$40,000	
Arbitrage	$1,200	$900	$0	$900	$1,350	
Management Fees	$39,784	$19,892	$19,892	$39,784	$39,784	
Information Technology	$1,000	$500	$500	$1,000	$1,000	
Dissemination	$6,000	$6,292	$1,750	$8,042	$9,500	
Trustee Fee	$6,000	$0	$6,000	$6,000	$6,000	
Assessment Roll Services	$5,000	$5,000	$0	$5,000	$5,000	
Auditing Services	$3,975	$0	$3,825	$3,825		
Telephone	$100		$20		$100	
Postage
Insurance - General Llabllity	$2,250
$8,600		$800
$0	$1,504	$2,250
$8,600	
Printing and Binding	$2,000	$363	$500	$863	$1,500	
Legal Advertising	$1,500	$223	$1,500	$1,723	$1,800	
Miscellaneous Services	$1,250	$288	$300	$588	$1,250	
Office Supplies	$400	$41	$80	$121	$400	
Property Appraiser's Fee	$600		$0		$600	
Property Taxes	$10		$0	$4	$10	
Dues, Licenses & Subscriptions	$175		$0	$175	$175	
Settlement Agreement Payment	$53,750		$0	$53,750	$50,000	
TOTAL ADMINISTRATIVE	$197,012	$116,519	$67,750	$184,270		
Maintenance:						
Landscape Maintenance	$87,855	$42,645	$54,945		$121,110	
Irrigation Repairs	$15,000	$0	$7,000	$7,000	$15,000	
Plant Replacement Electric	$30,000
$1,500	$4,747	$10,000
$400	
$748	$30,000
$1,500	
Streetlighting	$55,000	$26,028	$26,300	$52,328	$73,000	
Irrigation Water	$60,000	$14,726	$27,000	$41,726	$58,000	
TOHO Connectlon Work	$0	$17,550	$0	$17,550	$0	
Property Insurance	$1,100		$0		$1,100	
Field Management	$18,566	$9,283	$9,283	$18,566	$18,566	
Lake & Wetland Maintenance	$22,800	$12,700	$3,700	$16,400	$22,800	
Misc. Contingency	$30,000	$2,539	$12,000	$14,539	$30,000	
Stormwater/Lake Repair	$15,000	$0	$7,500	$7,500	$15,000	
    TOTAL MAINTENANCE		�336,821	$131,489	$158, 128	$289,617	$386,076	
TOTAL EXPENDITURES	$533,832	$248,009		$473,887	$582,788	

Developer Contrlbutlans	$0	$0	$0

$3,975

$704
$7,736

$572

$196,712

$348

$225,878

Other 5oun:es/(Uses)
Transfer Out- Capital Reserve	($148,098)	$D	($148,D9BI	($148,098)	($103,943)

SUBTOTAL OTHElt SOURCES/{USES)	(S1481098!	 	$D iS1481098J
EXass REVENUES (EXPENDITURES!	($D)	$336,068

1$103,9431

i$148,098J

$76,974

$0

$37

$7,736

FY2016	FY2017	FY2018	FV2019	
$681,730	$681,730	$681,730	$681,730	

Net Assessments
Add: Discounts & Collections 	$43,515	$43,515	�43,515	$43,515	
Gross Assessments	$725,245	$725,245	$725,245	$725,245

$157

Per Unit Assessment		$157		

Net Assessments	
$681,730	
$681,730	
$681,730	
$681,730	

Units 	4720	4609	4609	4609	

Total Net Assessments		$148	$148	$148	
Units (Tax Rolll	1052	1052	1052	1052	

Total Developable Units 	4720	4609	4609	4609	

Net Assessments(per unit) 	$144	$148	$148	$148	
Total Revenue on Tax Roll	$151,945	$155,604	$155,604	$155,604

REVENUES

Westside
Community Development District
Budget Narratives FY 2019
GENERAL FUND

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the assessable p roperty within the District in order to pay for the operating expenditures du ring the Fiscal Year.

Interest Income

The District earns interest income on their checking account with SunTrust Bank. Interest is calculated on the average monthly collected balance in the operating.
EXPENDITURES
Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon 5 supervisors attending 12 meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees

The District's engineer, Hanson, Walter & Associates, will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.

Legal Services

The District's legal counsel, Latham, Shuker, Eden & Beaudine, will provide general legal services to the -District, i.e. attendance and preparation for monthly meetings, review of operating and maintenance contracts, and other specifically requested assignments.

2
'

Westside Community Development District
Budget Narratives FY 2019 

Arbitrage

The District has contracted with AMTEC, an independent certified public accountant, to annually calculate the District's Arbitrage Rebate Liability on the Series 2005, 2007, and 2018 Special Assessment Revenue Bonds.

Management Fees

The District has contracted with Governmenta l Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financia l reporting, annual audits, etc.
I nformation 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.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional report requirements for unrated bond issues. The District has contracted with Lerner Reporting Services, Inc. to provide this service and the amount is based upon this contract. Governmental Management Services­ Central Florida LLC provides this service for Debt Service Series 2018.

Trustee Fee

The District will pay annual fees for Series 2005, 2007 and Series 2018 Special Assessment Revenue Bonds that are deposited with a Trustee at US Bank, N.A.

Assessment Roll Services

The District has contracted with Governmental Management Services-Central Florida, LLC for the collection of prepaid assessments, updating the District's Tax Roll and levying the annual assessment.

Auditing Services

The District is requi red to conduct an annual audit of its fina ncial records by an Independent Certified Public Accounting Firm. The District has hi red Berger, Toombs, Elam, Gaines & Frank.
3

Westside Community Development District
Budget Narratives FY 2019

Telephone

Telephone and fax machine expenses. Postage
Represents postage cost used for District mailings including agenda packages, vendor checks and other correspondence.

Insurance - General Liability

The District's general liability and public official's liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing and Binding

Includes copy charges for printing of agenda packages, required mailings, and other special projects.

Legal Advertising

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

Miscellaneous Services

Bank charges and any other miscellaneous charges incurred by the District. Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.

Property Appraiser's Fee

Represents a fee charged by Osceola County Property Appraiser's office for assessment administration services.

Property Taxes

Represents the estimated Non-Ad Valorem assessments on District property levied by Osceola County.

Westside
Community Development District
Budget Narratives FY 2019 

Dues, Licenses & Subscriptions

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

Settlement Agreement Payment

Represents amount due on November 15, 2019 to JR. Davis Construction Company, Inc. per the Settlement Agreement dated November 10, 2014.

MAINTENANCE:

Landscape Maintenance

The District currently has a contract to maintain the landscaping starting at US 192 South to Goodman Road / Florence Villa Grove Road intersection within the District, including: General (mowing, edging, trimming, weeding, pruning and maintenance), irrigation inspection, fertilization and pest control services. The District has contracted with Yellowstone Landscape. Down To Earth ( DTE) to provide same services to exterior landscape as part of Landscape Cost Share with Windsor at Westside COD.

Monthly	Annual
Description	Amount	Amount	
La ndscape Maintenance - Yellowstone	$7,108
Exterior Landscape& Irrigation - DTE	$935
Contingency - New Areas	$2,050

Total	$85,290
$11,220
$24,600	
	$121,110	

Irrigation Repai rs

The District pays Yellowstone Landscape for various repairs/replacements to the irrigation systems that include but are not limited to spray heads, nozzles, rotors, controllers, etc. any increase in amount is based on proposal by Yellowstone Landscape.

Plant Re lacement

Represents costs for maintenance of tree, shrub and other plant material replacements. Amount includes an enhancement proposal by Yellowstone Landsca pe.

5

Westside Community Development District
Budget Narratives FY 2019 

Electric

The District has the following utility account(s) with Duke Energy to provide electricity for the common areas.

Account #	

Address	Estimated
Monthly Amount	Estimated
Annual Amount	
15704 70086	9000 W l rlo Bronson Memorial Hwy Contingency	$100
$25	$1,200
$300	
Total			$1,500	

Streetlights

The District maintains the following streetlights with Duke Energy along Westside Boulevard.

Account #	
Address	Estimated Monthly
Amount	Estimated Annual Amount	
09047 36125

Total	000 Westside Blvd Lite, Entrance Contingency - Streetlight Additions	$4,412	$52,944
$20,056

$73,000	

Irrigation Water

The District has the following util ity accounts with Toho Water Authority for reclaimed water.

Account #	

Address	Estimated
Monthly Amount	Estimated Annual
Amount	
2118575-920460	0 Westside Blvd Reclaim D	$2,094	$25,132	
2118575-1129340	0 Westside Blvd Reclaim	$2,610	$31,316	
2118575-1124768	2400 Blk Even Westside Blvd	$21	$252	
	Contingency		$1,300	
Total			$58,000	

6

Westside
Community Development District
Budget Narratives  FY 2019 

Property Insurance

The District's property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Provide onsite field management of contracts for District services such as landscape and lake maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and respond to property owner phone calls and emails.

Lake and Wetland Maintenance

The District has a permit obligation to comply with certain conditions for the establishment and maintenance and monitoring of upland/wetland conservation areas and for maintenance of the lakes. The amount is based on current contracts with Aquatic Weed Management and Bio-tech Consulting Inc.

Monthly	Annual
Description	Amount	Amount	
Stormwater Pond Plant Management	$600 Mitigation Maintenance

Total	$7,200
$15,600	
	$22,800	

Miscellaneous Contingency

Any other miscellaneous charges incurred by the District. Stormwater/Lake Repair
Represents contingency for potential repairs to stormwater system. Transfer Out - Capital Reserve
Estimated funds to be transferred to the Capital Projects funds for any capital outlay expenses.

7

Westside Community Development District

Debt Service Fund Series 2005 
Fiscal Year 2019 

	ADOPTED
BUDGET	PROPOSED
BUDGET	
	FY 2018	FY 2019	

REVENUES:			
Assessments	$1,214,786	$1,214,786	
Settlement Agreement	$0	$0	
Other Debt Service Funds	$11,442	$8,559	

TOTAL REVENUES	 	$1,226,228	$1,223,345 

EXPENDITURES:		
Interest - 1 1/1	$410,614	$399, 173	
Interest - 5/1	$410,614	$399,173	
Principal - 5/1	$405,000	$425,000	

TOTAL EXPENDITURES

EXCESS REVENUES/(EXPENDITURES)

 	$1,226,228	$1,223,345 
 	$0	$0

8

WESTSIDE                            COMMUNITY DEVELOPMENT DISTRICT
SPECIALASSESSMENT REVENUE BONDS, SERIES 2005

ALLOCATION METHODOLOGY - SERIES 2005 BONDS (1)
PRODUCT TYPE

PER UNIT

LOT	PER UNIT	TOTAL	¾ OF			TOTAL LU	PRODUCT	SIZE		EAU's		EAU's	EAU's	UNITS	PRINCIPAL 0
TH	Townhome/MF Resort	TH	1.00	1,889.00	73.04%	1,889	$12,799,538
50	Single Family Garden	50' approx.	1.20	398.40	15.40%	332	$2,699,490

ANNUAL ASSMT. {2}
$944,219
$199,141

TOTAL	ANNUAL PRINCIPAL ASSMT. (2}
$6,776	$500
$8,131	$600	LolS

70	Single Family Estate	70' approx.	2.00	152.00	5.88%	76	l	$1,029,926

$75,977

$13,552	$1 ,000	LolS

C	Commercial	COM	1.00	147.00	5.68%

-147--

$996,047

$73,478

$6,776	$500	IK SF

TOTAL	2,586.40	100.00%	2,444	$17,525,000

Allocation of total bond assessment based on equivalent assenment units. Individual principal and assessments calculated on a per unit basis.
Includes principal, interest, collection costs, and early payment discounts.
Total Units Subject to 2005 Assessments. Total planned units are 589 for O&M

9

Sl,292,815

Westside Community Development District
Debt Service Fund Series 2007
Fiscal Year 2019

REVENUES:

Assessments Settlement Agreement
Other Debt Service Funds

ADOPTED BUDGET FY 2018

$1,427,360

$8,600

PROPOSED BUDGET FY 2019

$1,427,360
$0
$10,200

TOTAL REVENUES	 	$1,435,960	$1,437,560 

EXPENDITURES:		
Interest - 11/1	$555,480	$543,780	
Interest - 5/1	$555,480	$543,780	
Principal - 5/1	$325,000	$350,000	

TOTAL EXPENDITURES

EXCESS REVENUES/(EXPENDITURES)

 	$1,435,960	$1,437,560 
$0	$0

10 

WESTSIDE                            COMMUNITY DEVELOPMENT DISTRICT
SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2007

ALLOCATION METHODOLOGY - SERIES 2007 BONDS (1)
PRODUCT TYPE

PER UNIT

LU	PRODUCT	SIZE	EAU's	EAU's	EAU's	UNITS	
A	Apartments		0.50	1 64.00	3.31%	328	

LOT	PER UNIT	TOTAL	¾ OF

co

TOTAL	ANNUAL

)

PRINCIPAL	ASSMT. [2

1,243	$4,392,962	$381,027

.	$579,602	$50,272

Condos	l.00	1,243.00	25.09%

1,662

$5,873,775	$509,467

TOTAL	ANNUAL PRINCIPAL ASSMT.(2)

$2,046	$177	Unit

$2,046	$177	Unit

$6,776	$500	Unit

TH

50
GSO
60
70

Single Family Garden	50' approx.	1.20	376.80	7.61%

Townhome/MF Resort	TH	1.00	1,662.00	33.55%

Single Family Garden	50' approx.	1.20	127.20	2.57%
Single Family Garden	60' approx.	1.50	550.50	1 1.11%
Single Family Estate	70' approx.	2.00	ISO.OD	3.03%

3 14	$1,33 1,672	$115,504
106	$449,545	$38,992
367	$1,945,556	$1 68,749
75	$530,124	$45,981

$2,046	$177	Lots
$8,964	$777	Lots
$10,693	$927	Lots
$13,552	$177	Loi&

G70
C

Single Family Estate	70' approx.	2.00	112.00	2.26%
Commercial	COM	l.00	422.00	8.52%

56
422

$395,826	$34,332

$13,575	$1,177	Loi&
IKSF

R	Retail	1.00	147.00	2.97%
TOTAL	4,954.50	100.00%

(1)AJlocation ofcosts based on equivalent assessments units. Individual amounts calculated on a pro rata basis. (2)Represents the Total Project
(J)lncludes principa� interest, collection costs, and early payment discounts
"'Develo_e_er contributed Infrastructure inlieu ofassessments.  Includes La Rosa Trad Townhomes.

11 

147	$519,522	$45,061
4,720	$17,510,000	$1,518,745

$2,046	$177	Unit

Communi

Westside

Debt Service Fund Series 2018
Fiscal Year 2019

REVENUES:	PROPOSED BUDGET FY 2018	ACTUAL THRU 03/31/18	PROJECTED
6 NEXT MONTHS		TOTAL PROJECTED 09/30/2018	PROPOSED BUDGET FY 2019	
Bonds Proceeds	$235,743	$235,743		$0	$235,743		
Assessments	$0	$0		$0	$0	$230,130	
Interest	$0			$0		$0	
Carryforward Surplus (1)	$0	$0		$0	$0	$89,025	

$3

TOTAL REVENUES	 	$235,743	$235,746	$0	$235,743	$319,155 

EXPENDITURES:		
Interest - 11/1		$0		$0	$89,025	
Interest - 5/1	$31,653	$0	$31,653	$31,653	$89,025	
Principal - 5/1	$0	$0	$0	$0	$50,000	

TOTAL EXPENDITURES
EXCESS REVENUES/(EXPENDITU RES)

 	$31,653	$0	$31,653	$31,653	$228,050 
 	$204,090	$235,746	($31,653)	$204,090	$91,105 

Interest - 11/1/2019	$89,025

Carryforward Surplus is net of Debt Service Reserve Funds

12 

Westside
Community Development District

SERIES 2018 SPECIAL ASSESSMENT REVENUE BONDS DEBT SERVICE SCHEDULE

AMORTIZATION SCHEDULE

DATE	BALANCE

(Term Bonds DuePRCoINmCbIiPnAedL)

INTEREST

ANNUAL	I

5/1 /1 8	$	3,490, 000	$	$	31 ,653 $
11 /1/18	$	3,490,000	$	$	89,025  $	120,678
5/1 /1 9	$	3,490,000	$	50,000  $	89,025 $
11 /1 /19	$	3,440,000	$	$	87,775  $	226,800
5/1 /20	$	3,440,000	$	55,000  $	87,775 $
11/1 /20	$	3,385,000	$	$	86,400  $	229, 1 75
5/1/21	$	3,385,000	$	55,000  $	86,400 $
11 /1 /21	$	3,330,000	$	$	85,025  $	226,425
5/1 /22	$	3,330,000	$	60,000  $	85,025 $
11/1 /22	$	3,270,000	$	$	83,525  $	228,550
5/1 /23	$	3,270,000	$	60,000  $	83,525 $
11 /1 /23	$	3,21 0,000	$	$	82,025  $	225,550
5/1 /24	$	3,210,000	$	65,000  $	82,025	$
11 /1/24	$	3,145,000	$	$	80,400   $	227,425
5/1 /25	$	3,145,000	$	70,000  $	80,400	$
11 /1/25	$	3,075,000	$	$	78,650  $	229,050
5/1 /26	$	3,075,000	$	70,000	$	78,650 $
11/1 /26	$	3,005,000	$	$	76,900  $	225,550
5/1/27	$	3,005,000	$	75,000	$	76,900 $
11 /1 /27	$	2,930,000	$	$	75,025  $	226,925
5/1 /28	$	2,930,000	$	80,000  $	75,025 $
11 /1/28	$	2,850,000	$	$	73,025  $	228,050
5/1 /29	$	2,850,000	$	85,000  $	73,025 $
11 /1 /29	$	2,765,000	$	$	70,900  $	228,925
5/1 /30	$	2,765,000	$	90,000  $	70,900 $
11/1 /30	$	2,675,000	$	$	68,650   $	229,550
5/1 /31	$	2,675,000	$	95,000  $	68,650 $
11 /1/31	$	2,580,000	$	$	66,275  $	229,925
5/1 /32	$	2,580,000	$	1 00,000	$	66,275 $
11 /1 /32	$	2,480,000	$	$	63,775  $	230,050
5/1/33	$	2,480,000	$	1 05,000	$	63,775 $
11 /1 /33	$	2,375,000	$	$	61 ,1 50   $	229,925
5/1 /34	$	2,375,000	$	11 0,000  $	61 ,1 50 $

5/1 /35	$	2,265,000	$	11 5,000	$	58,400	$	
11/1 /35	$	2,1 50,000	$	$	55,525	$	

11 /1 /34	$	2,265,000	$	$	58,400  $	229,550
228,925

13 

Westside
Community Development District
SERIES 2018 SPECIAL ASSESSMENT REVENUE BONDS DEBT SERVICE SCHEDULE

 	(Term Bonds Due Combined)	

AMORTIZA TION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	ANNUAL
5/1 /36	$	2,1 50,000	$	1 20,000	$	55,525	$
11 /1 /36	$	2,030,000	$	$	52,525	$	228,050
5/1/ 37	$	2,030,000	$	1 25,000    $	52,525	$
11 /1 /37	$	1 ,905,000	$	$	49,400	$	226,925
5/1/ 38	$	1 ,905,000	$	1 30,000    $	49,400 $
11 /1 /38	$	1 ,775,000	$	$	46,1 50	$	225,550
5/1 /39	$	1 ,775,000	$	140,000	$	46, 1 50	$
11 /1 /39	$	1, 635,000	$	$	42,51 0	$	228,660
5/1 /40	$	1,635,000	$	145,000	$	42,51 0	$
11 /1 / 40	$	1 ,490,000	$	$	38,740    $	226,250
5/1 /41	$	1 ,490,000	$	1 55,000	$	38,740	$
11 /1 /41	$	1 ,335,000	$	$	34,710   $	228,450
5/1 / 42	$	1 ,335,000	$	1 65,000	$	34,710	$
11 /1 / 42	$	1,1 70,000	$	$	30,420    $	230,1 30
5/1 / 43	$	1,1 70,000	$	1 70,000	$	30,420	$
11 /1 /43	$	1,000, 000	$	$	26,000	$	226,420
5/1 / 44	$	1 ,000,000	$	1 80,000	$	26,000 $
11 /1 / 44	$	820,000	$	$	21 ,320    $	227,320
5/1 / 45	$	820,000	$	1 90,000    $	21 ,320 $
11 /1 /45	$	630,000	$	$	16,380	$	227,700
5/1 /46	$	630,000	$	200,000	$	16,380	$
11 /1 / 46	$	430,000	$	$	11, 1 80	$	227,560
5/1 /47	$	430,000	$	21 0,000	$	11, 1 80	$
11 /1/ 47	$	220,000	$	$	5,720	$	226,900
5/1 / 48	$	220,000	$	220,000	$	5,720	$	
11 /1 /48	$	$	$	$	225,720	
Totals		$ 3,490,000	$ 3,466,663	$	6,956,663 I	

14 

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT SPECIALASSESSMENT REVENUE BONDS, SERIES 2018

ALLOCATION METHODOLOGY - SERIES 2018 BONDS

PRODUCT	
No. of Units	Allocation of Par	Maximum
Debt Per Product	Total Par Debt	Annual Debt
Service	Debt Assesssment Per Unit	Debt Assessment
Unit (1)	
Townhomes	76	$	757,829	$	9,971	$	49,971	$	658	$	699	

For Solara Phase 1 Assessment Area

I

 LU	I

Type	Per Unit

Net Annual	Gross Annual Per

TH
50
40

144	$	1,723,062	$	11 ,966	$	113,618 

$	789	$	839

Single Family SinTgOleTFAaLmily

92	$	1,009,1 09	$	1 0,969	$	66,540	$	723	$	769	
312	3,490,000		230,129			

$	$

This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill
* Unit mix is subject to change based on market and other factors

15 

Westside
Communitv Develo�ment District
Capital  Reserve Fund
Fiscal Year 2018

	PROPOSED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	PROPOSED
BUDGET	
	FY 2017	03/31/17	6 MONTHS	9/30/17	FY 2018	
REVENUES:						
Fund Balance	$0	$0	$0	$0	$148,098	
Transfer In 	$148,098	$0	$148,098	$ 148,098	$ 103,943	
TOTAL REVENUES	$148,098	$0	$148,098	$148,098	     $252,041	
EXPENDITURES:						
Capital Outlay	$0	$0	$0	$0		
TOTAL EXPENDITURES	 $0	$0	$0	$0	$0	
EXCESS REVENU ES/(EXPENDITURES)	$148,098	$0	$148,098	$148,098	$252,041	

16 

-

en m 0 .
-I
0z

\

I	<-

(")

I

Westside
Community Development District

Summarv of Check Register

March 29, 2018 to April 24, 2018

Fund	Date	Check No.'s	Amount	

General	
04/02/18	
1352-1353	
$	112,639.26	
	04/06/18	1354-1355	$	14,425.91	
	04/20/18	1356-1359	$	153,201.55	
			$	280,266.72	

Capital Reserve	
04/20/18	
1	
$	6,940.49	
			$	6,940.49	

Payroll	
April 2018			
	Michael D Dady	50234	$	184.70	
	Scott D Stewart	50235	$	184.70	
$	369.40

$	2s7,576.61 I

AP3 00R	YEA**R*-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	4/24/18	PAGE	l

*** CHECK DATES 03/29/2018 - 04/24/2018 

WESTSIDE COD - GENERAL FUND BANK A WESTSIDE COD

CHECK  VEND#	. • • . . INVOICE • • • • .  . . • EXPENSED TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO   DPT ACCT# SUB	SUBCLASS

STATU*S

AMOUNT

• • • • CHECK. . . . . 

*

AMOUNT	#

4/02/18 00016 

4/02/ 18 00016 

4/06/18  00001 

4/02/18 04022018 201804 300-20700-10000 
FY18 GREEN GATE-DS2005	WESTSIDE COD C/0 USBANK
4/02/18 04022018 201804 300-20700-10000 
FY18 GREEN  GATE  - DS2007	WESTSIDE COD C/0 USBANK
4/02/18 291	201804  310-51300-34000 
MANAGEMENT FEES APR18
4/02/18  291	20 1804 310-51300-35100 
INFO TECHNOLOGY APR18 
4/02/18  291	201804 310-51300-31300 
DISSEMINATION FEE  APR18 4/02/18  291	201804  310-5 1300-51000 
OFFICE SUPPLIES

POSTAGE         4/ 02/18 291 
COPIES

4/ 02/18 291	201804 310-51300-42000 

20 1804 310-51300-42500 

83 ,1 9 0. 00
- - - - - - -83 -, 1-90-. 0-0   001352 
29 ,449 .2 6

*

- - - - - - - - - - -29 -, 4 4-9 -.2 -6  001353 
3, 315 . 33
83 . 33

**

*	291 . 67 
*	10 .45

14 . 55

*	5.91

4/ 02/18  292	201804  320-53800-49000	1,547. 17

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

*

*

- - -

FIELD MANAGEMENT APR18	GOVERNMENTAL MANAGEMENT SERVICES

- - - - - - - - - - -5 -,2 -68 -. 4 -1   001354

4/06/18 00039 

4/ 01/18 206885	201804 320-53800-4 6200 

- - - - -

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

LAN-DS-CAPE  MAINT  APR18	YELLOWSTONE  LANDSCAPE

9, 157 .50

*

- - - - - - - - - -

9, 157.50 001355 

4/20/18 00006 

4/03/18 6-137-84 201803 310-513 00-42000 

- - - - - -

- - -

DELIV-ER-Y   3/28 /-18  	FE-DEX

97 . 85

*

- - - - - - - - - - - - -9 7-. 85-

001356 

4/20/18 00022 

4/10/18 263411	201803 310-51300-3 1100 
MEETING/DED-ICATIONS/BIDDI	HANSON ,   WALTER  &  ASSOCIATES ,   INC .

285.00
- - - - - - - - - - - -2-85-. 0-0  001357

- - -  - -  - - - -	- - - - - - -  - -	*

4/20/18 00029 

4/20/18 00066 

4/13/18 80464	201803 310-51300-31500 

*

CALABRIA/SPE/RD CONVEYANC 4/13/18  80465	201803 310-51300-31500 
FRCLSR-BAHAMABAY/GREENGAT LATHAM,SHUKER, EDEN & BEAUDINE , LLP 4/20/18 04202018 201804 300-58 100-10000 
FY18 CAPITAL RESERVE FUND WESTSIDE COD C/0 STATE BOARD ADMIN
TOTAL FOR BANK A

4, 695 .96
24 . 74
- - - - - - - - - - -4-,7 -2 0-.7 -0   001358 148 ,09 8. 00
148,098 .00 001359 

280, 266 . 72

WEST WESTSIDE	BPEREGRINO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***  CHECK  DATES  03/29/2018 - 04/24/2018 ***	WESTSIDE CDD - GENERAL FUND
BANK A WESTSIDE CDD

RUN	4/24/18 

PAGE	2

CHECK VEND#	• . . . . INVOICE . • • . •  • . . EXPENSED TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT

. . . . CHECK	• 

#

AMOUNT

TOTAL FOR REGISTER	280 ,2 66 . 72

WEST WESTSIDE	BPEREGRINO

AP300R

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER CHECK REGISTER	RUN	4/ 24/18 
***  CHECK  DATES  03/29/2018  - 04/24/2018 ***	WESTSIDE CDD - CAPITAL RESERVE
BANK   D  WESTSIDE  CDD

PAGE	1

DATE	DATE	INVOICE	YRMO   DPT ACCT# SUB	SUBCLASS

*	AMOUNT	#

CHECK  VEND#	• . . . . INVOICE . . . . .   . . . EXPENSED TO . . .	VENDOR NAME	STATUS

4/20/18 00001	1/18/18 01182018 201801 300-20700-10000 
10% MAINTENANCE BOND REIM WESTSIDE CDD - GENERAL FUND
TOTAL FOR BANK D TOTAL FOR REGISTER

AMOUNT
6,9 40 .49

6,940 . 49
6,940 . 49

. . . • CHECK . . . . . 

6,940 .49 000001 

WEST WESTSIDE	BPEREGRINO

Westside
Community Development District
Unaudited Financial Reporting March 31, 2018

Ta ble of Contents

 	Balance Sheet

 	General Fund Income Statement

 	Series 2005 Debt Service Fund Income Statement

 	Series 2007 Debt Service Fund Income Statement

 	Series 2018 Debt Service Fund Income Statement

 	Capital Projects Fund Income Statement

 	Capital Reserve Fund

 	Month to Month

 		Long Term Debt Summary 10-11	 		Assessment Recei pt Schedule

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET
March 31, 2018

DEBT SERVICE		DEBTSERVICE SERIES 2005	 		

DEBT	CAPITAL	CAPITAL	CAPITAL
SERVICE	PROJECTS	PROJECTS	PROJECTS	CAPITAL

ASSETS

GENERAL

SERIES 2007	SERIES 2018	 SERIES 2005	 SERIES 2007	SERIES 2018	RESERVE	 	TOTALS	

CASH	$	674,500	$	$	$	$	$	26,964	$	$	5,001	$	706,466

INVESTMENTS
STATE BOARD ADMINISTRATION CONSTRUCTION FUND
COSTOF ISSUANCE
DEFERRED COST INTEREST FUND
RESERVE FUND
REVENUE FUND PREPAYMENT FUND
DUE FROM GENERAL FUND

499,825	394	149,886	649,711

120,678	15,748

12,073	3,675	4,623	4,623

1,790,034	2,413,501

1,399,610

568,202	716,343	115,065	120,678
1,485,894	927,604	3
551,459	2,341,494
83,190	29,449	112,639

DUE FROM DEBT SERVICE FUND DUE FROM CAPITAL
TOTAL ASSETS

6,940

 	6,940

LIABILITIES & FUND BALANCES

LIABILITIES

ACCOUNTS PAYABLE DUE TO GENERAL FUND

$	1,181,265	$	3,939,394	$	2,228,530	$  _235,746	$	_$ 	26,964	$	4,623	$	154,887	_$_	7,771,803	

$	5,704	
$	$	$	$	$	
$	$	6,940	

$	
12,644	

112,639

$	112,639

DUE TO DEBTSERVICE DUE TO OTHER SPE
ACCRUED INTEREST PAYABLE 2005 ACCRUED INTEREST PAYABLE 2007 ACCRUED PRINCIPAL PAYABLE 200S ACCRUED PRINCI PAL PAYABLE 2007

23,173	23,173
948,918	948,918
2,908,620	2,908,620

745,000

2,260,000	2,260,000
745,000

TOTAL LIABILITIES	118,343	 	3,232,090	3,653,620	 		 	 		6,940	 	7,010,994 

RESTRICTED FOR DEBT SERVICE RESTRICTED FOR CAPITAL PROJECTS UNASSIGNED	$
1,06J,923	$	707,303	$	(1,425,090)	$    235,746	$	394	$	26,964	$	4,623	$	147,947	$	(482,041)
-	179,928
1,062,923	
TOTAL FUND BALANCES	1,062,923	707,303	(1,425,090)	235,746		394	26,964	4,623	147,947	760,810	
TOTAL LIABILITIES & FUND BALANCES	$	1,181,265	$	3,939,394	$	2,228,530	$ 235,746	_J		  $	26,964	$	4,623	$	154,887	$	7,771,803	

FUND BALANCES

WESTSIDE CDD COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending   March 31, 2018

$900

	Adopted	Prorated Budget	Actual		
	Bud et	Thru 03/31/18	Thru 03/31/18	Variance	
REVENUES:					
Maintenance Assessments-On Roll	$218,183	$195,339	$195,339	$0	
Maintenance Assessments-Off Roll	$463,547	$313,049	$376,189	$63,139	
Interest Income Developer Contribution	$200
$0	$0	$1,913
$5,545	$1,813	
Miscellaneous Income	$0	$0	$5,090	$5,090	

TOTAL REVENUES	
$681,930	
$508,489	
$584,076	$75,588 I	
EXPENDITURES:					
ADMINISTRATIVE					
Supervisor Fees	$12,000	$6,000	$1,400	$4,600	
FICA Expense	$918	$459	$107	$352	
Engineering Fees	$10,500	$5,250	$6,378	($1,128)	
Legal Services	$40,000	$20,000	$12,176	$7,824	
Arbitrage	$1,200			$0	
Management Fees	$39,784	$19,892	$19,892	($0)	
Information Technology	$1,000	$500	$500	$0	
Dissemination	$6,000	$6,292	$6,292	$0	
Trustee
Assessment Roll Services	$5,000	$5,000	$0	
Auditing Services Telephone	
$100	$0
$50	$0	$0	
Postage and Freight	$2,250	$1,125	$704	$421	
Insurance - General Liability	$8,600	$8,600	$7,736	$864	
Printing and Binding	$2,000	$1,000	$363	$637	
Legal Advertising	$1,500		$223	$527	
Miscellaneous Services Office Supplies
Property Appraiser's Fee
Property Taxes	$1,250
$400
$600
$10	$625
$200
$600
$10	$288

$572	
$159
$28
$6	
Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Settlement Agreement Payments	$53,750		$53,750	$0	

TOTAL ADMINISTRATIVE	
$197,012	
$131,178	
$116,519	$14,658 I	
OPERATIONS AND MAINTENANCE					
landscape Maintenance	$87,855	$43,927	$42,645	$1,282	
Irrigation Repairs	$15,000	$7,500	$0	$7,500	
Plant Replacement	$30,000	$15,000	$4,747	$10,253	
Electric	$1,500	$750		$402	
Streetlighting	$55,000		$27,500	$26,028	$1,472	
Irrigation Water	$60,000		$30,000	$14,726	$15,274	
TOHO Connection Work	$0		$0	$17,550	($17,550)	
Property Insurance	$1,100		$1,100	$923	$177	
Field Management	$18,566		$9,283	$9,283	($0)	
Lake & Wetland Maintenance	$22,800		$11,400	$12,700	($1,300)	
Misc. Contingency	$30,000		$15,000	$2,539	$12,461	
Stormwater/Lake Repair	$15,000		$7,500	$0	$7,500	
Transfer Out	$148,098		$0	$0		
TOTAL OPERATION AND MAINTENANCE	$484,918		$168,960	$131,489		
TOTAL EXPENDITURES	$681,930			$248,009		
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0			$336,068		
FUND BALANCE, BEGINNING	$0			$726,855		
FUND BALANCE, ENDING	$0			$1,062,923		

$6,000	$0	$0

$3,975

$17

$41

$53,750

$348

$37,471

2

WESTSIDE COD
COMMUNITY DEVELOPMENT DISTRlCT DEBT SERVlCE SERlES 2005
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending March 31, 2018

Adopted	Prorated Budget
Budget	Thru 03/31/18

Actual
Thru 03/31/18	Variance

REVENUE

Assessments-On Roll Assessments-Off Roll Assessments-Accelerated Other Debt Service Funds Interest

TOTAL REVENUE EXPENDITURES
Interest - 11/1 Interest - 5/1 Principal - 5/1
TOTAL  EXPENDITURES OTHER FINANCING SOURCES
Other Debt Service Cost
Transfer In (Out)
TOTAL OTHER FINANCING SOURCES (USES)

$276,643	$204,437
$163,560	$122,670
$774,584	$0
$11,442	$5,721
$0	$0
$1,226,228	$332,828

$410,614	$410,614
$410,614	$0
$405,000	$0
$1,226,228	$410,614

$0	$0
$0	$0
$0	$0

$204,437	$0
$122,670	$0
$0
$0	($5,721)
$14,848	$14,848
$341,955	$9,127 I

$474,459	($63,845)
$0	$0
$0	$0
$474,459	($63,845)1

($189,701)	($189,701)
$5,220	$5,220
!$184,481)	($184,481)I

EXCESS  OF  REVENUES  OVER (UNDER) EXPENDITURES	$0
FUND BALANCE, BEGINNING	$0
FUND BALANCE, ENDING	$0

3

($316,984)
$1,024,288
$707,303

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2007
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending March 31, 2018

REVENUE
Assessments - On Roll
Assessments - Off Roll Assessments - Accelerated Other Debt Service Funds
Bondholder Contributions Land Sale Proceeds Interest
TOTAL REVENUE EXPENDITURES
Interest - 11/1 Interest - 5/1 Principal - 5/1
TOTAL EXPENDITURES OTHER FINANCING SOURCES
Other Debt Service Cost Transfer (Out)/ln
TOTAL OTHER FINANCING SOURCES (USES)

Adopted	Prorated Budget
Bud et	Thru 03/31/18

$346,860	$253,550
$59,897	$44,923
$1,020,603	$0
$8,600	$4,300
$0	$0
$0	$0
$0	$0
$1,435,960	$302,772

$555,480	$555,480
$555,480
$325,000	$0
$1,435,960	$555,480

$0	$0
$0	$0
 	$0	$0

Actual 
Thru 03/31/18	Variance

$253,550	$0
$44,923	$0
$0	$0
$0	($4,300)
$0	$0
$0	$0
$8,246	$8,246
$306,718	$3,946 I

$580,860	($25,380)
$0
$0	$0
$580,860	($25,380)1

{$161,004)	{$161,004)
($5,220)	($5,220)
($166,224)	($166,224)1

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES		$0		 FUND BALANCE, BEGINNING		$0	($984,724)
FUND BALANCE, ENDING	$0	($1,425,090)

4

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE SERIES 2018
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending March 31, 2018

REVENUE
Bonds Proceeds Interest
TOTAL REVENUE EXPENDITURES
Interest - 11/1 Interest - 5/1 Principal - 5/1
TOTAL EXPENDITURES

 	Adopted	Prorated Budget Budget		Thru 03/31/18

$0	$0
$0	$0
$0	$0

$0	$0
$0	$0
$0	$0
$0	$0

Actual
Thru 03/31/18	Variance

$235,743	$235,743

$235,746	$235,746 1

$0	$0
$0	$0
$0	$0
$0	so I

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$0	$235,746
FUND BALANCE, BEGINNING			$0		$0 FUND BALANCE, ENDING			$0	$235,746

5

WEST51DE CDD
COMMUNl1YDEVELOPM ENTDISl'RICT CAPITAL PROJECTS�RIES 2005, 2007, & 2018 STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending March 31, 2018

REVENUE

Interest

TOTAL REVENUE EXPENDITURES
Bank Fees
Capital Outlay Capital Outlay - COi

TOTAL EXPENDITURES OTHER FINANCING SOURCES
Bonds Proceeds
Transfer In (Out)

Series	Series

2005

2007

$2
$2	$5

$0	$150
$0	$0
$0	$0
$0	$150

$0

$0	($0)

Series
2018	Total

$0	$7
$0	s1 I

$2

$0	$150
,973,657	$2,973,657
$275,978	$275,978
$3,249,634	$3,249,784 I

$3,254,257	$3,254,257
$0	($0)

$392

TOTAL OTHER FINANCING SOURCES (USES)	 	so	($0)	$3,254,257	$3,254,256 I
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES	$2	($14	5)	$4,623	($143)1	

FUND BALANCE, BEGINNING		$0	$27,502 I	

FUND BALANCE, ENDING	

$394		$31,981 I	

6

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND
STATEMENT OF REVENUES & EXPENDITURES
For The Period Ending March 31, 2018

REVENUE
Transfer In

Proposed	Pior ated Budget
Budget	Thru 03/31/18

$148,098	$0

Actual
Thru 03/31/18	Variance

$0	$0

Interest	$0	$0	$1,156	$1,156	
TOTAL REVENUE	$148,098	$0	$1,156	$1,156 I	
EXPENDITURES					
Capital Outlay	$0	$0	$6,940	($6,940)	
TOTAL EXPENDITURES	$0	$0	$6,940	($6,940)1	
EXCESS OF REVENUESOVER (UNDER) EXPENDITURES	$148,098		($5,784)		
FUND BALANCE, BEGINNING	$148,703		$153,731		
FUND BALANCE, ENDING	$296,800		$147,947		

7

WESTSIDE CDD
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	Mar	Apr	May	Jun	Jul	Aug	Sept	Total

REVENUE
Maintenance Assessments-On Roll	$0	$22,926	$136,844	$10,200	$14,632	$10,737	so	so	$0	$0	$0	$0	$195,339

Maintenance Assessments- OffRoll	S24,257	$11,027	$278,937	$22,877

S34,348	$0	so	so	so	so

Interest Income	$30	$28

S321	$711	$780	$0	$0	so	so

so	Sl,913

Qeveloper Contribution	$0	$0	$0	$S,S4S	$0	$0	$0	so	$0	$0	$0	$0	$S,545

Misc Revenue

so	$0	$0	$0	$5,090	$0	$0	$0	$0	$0	$0

TOTAL REVENUE	I	$24,287	$33,981 EXPENDITURES
ADMINISTRATIVE
Supeivisor Fee$	$400	so	$400

S38,943	$20,086

$600

so	so	so	so	$0	$0	$584,0761

$0	$0	$0	$0	so	so	$1,400

Fica Expense

$0	$0

$0	$0	$0	$0	$0	$0	$0	$107

Engineering Fees	$190	$190	$5,476	$143	$285	so	$0	so	$0	so	$0	$6,378
Legat Fees	$1,459	$2,096	$526	$0	$3,375	so	$0	so	$0	so	$12,176
Arbitrage	so	so	so	$900	$0	so	$0	$0	so	$0	$0	$0	$900

Management Fees	$3,315	$3,315

$3,315

$3,315	$0	$0	$0	$0	$0	$0	$19,892

Information Technology	$83

S83	$83	S83

$0	$0	$0	so	$0	$500

Dissemination	$6,000	$0	$0	$0	$0	$292	$0	$0	$0	$0	$0	so	$6,292

Trustee	so	so	so	So	$0	$0	$0

$0	$0	$0	$0

Assessment Roll Services

so	so	So	so	so	$0	So	so	So	so	so

Auditing Services	so	$0	$0	$0	so	so	so	so	So	so	$0	so

$329

Telephone	Sll	so	$0	$7	so	so	$0	$0	so	so	$17

Postage a�d Freight

$124	S7

$105

$0	$0	$0	$0	$0

$54

Insurance -General Liability	$7,736	$0	$0	$0	$0	$0	$0	so	$0

$0	$7,736

Printing and Binding	$69

$10

$63	$0	$0	$0	$0	$0

$363

$42

Legal Advertising	$0	so	$0	$0	$223	$0	so	$0	$0	$0	$0	$223

Miscellaneous Services

$45

$49	$61	So	so	$0

$0	$0	$288

Office Supplies	$1	$18	$10	So	$11	So	$0	so	$0	o	so
Property Appraiser's Fee	$0	so	$0	so	so	so	so	s	so

Property Taxes	$0

so	$0	so	so	$0	$0o

$0	so

Dues, Ucenses,Subscriptions	$175	$0	$0	so	$0	$0	$0	$0	$0	s	$0
Settlement Agreement Payments	so	$0	$0	$0	so	so	so	$0	$0	So	so	$53,750
TOTAL ADMINISTRATIVE	I	$24,842	$59,702	$4,565 	$9,933	$8,553	$8,924	$0	$0	$0	$0	$0	$0	$116,5191

OPERATIONS AND MAINTENANCE
Landscape Maintenance

$7,108	$7,108	$7,108	$7,108	$7,108	$7,108	so	so	so	$0	so	$0	$42,645
$0	so	$0	so	so	$0	$0	so	$0	so	$0	$0	so

lnigation Repairs Plant Replacement

S3,4l3	$933	S400

$0	$0	$0	$0	$0	so	$0	So

Electric

$60	$63	S58	$58	$61	$0	so	$0

$0	$0	$348

Streetlighting

$4,316	S4,316	$4,316	$4,383	$4,383	$0	so	$0	$0	$0	$0	$26,028

Irrigation Water TOHOConnection Work

$3,506
$0

$4,226
$17,550	$0	$0	$0

$0	$0	$0	$0	$14,726
$0	$0	$0	$17,550

$1,547

$1,547

$1,547

Property Insurance	$923	$0	$0	so	$0	$0	$0	$0	$0	$0

Field Management	$1,547

$1,547

$1,547	$0	$0	$0	so	$0	$0	$9,283

Lake & Wetland Maintenance

$600	$600	$600

$600	$0	so	$0

$0	$12,700

Misc. Contingency	$152	$0

$1,402	$0	so	$0	so	$0	$0	$0

$2,539

Stormwater/Lake Repair	$0

o	so	So

so	$0	so	$0	So	$0	$0

Transfer Out	so	s

$0	So

$0	$0	$0	$0

$0	$0	$0

TOTAL OPERATIONS AND MAINTENANCE	I	$20,682	$18,069	$19,402	$36,807	$22,812	$13,716

so	$0	$0	$0	$0	$131,489 J

TOTAL EXPENDITURES	I	$45,524	$77,771

$46,740	$31,365	$22,640	$0	so	so	$0	$0	so	$248,009 1

Exass OF REVENUES OVER (UNDER) EXPENDITURES  I	(S21,238)	1$43,789)	$391,857	($7,797)	ISll,279}	$28,314	$0	$0	so	$0	So	S336,068I

8

WESTSIDE

SERIES 2005, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	5.65%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,214,786	
RESERVE FUND BALANCE	$568,202	
BONDS OUTSTANDING - 9/30/13 LESS: PRINCIPAL PAYMENT 5/1/14	
$0	
LESS: PRINCIPAL PAYMENT 5/1/15
LESS: PRINCIPAL PAYMENT 4/1/16	
($255,000)	
CURRENT BONDS OUTSTANDING	$16,795,000	

$17,050,000

SERIES 2007, SPECIAL ASSESSMENT REVENUE BONDS

INTEREST RATE:	7.20%	
MATURITY DATE:	5/1/2038	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,427,620	
RESERVE FUND BALANCE	$716,343	
BONDS OUTSTANDING - 9/30/13	$17,340,000	
LESS: PRINCIPAL PAYMENT 5/1/14	$0	
LESS: PRINCIPAL PAYMENT 11/1/14 (PREPAYMENT)	($550,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	$0	
LESS: PRINCIPAL PAYMENT 4/1/16	($615,000)	
LESS: PRINCIPAL PAYMENT 11/1/16 (PREPAYMENT)	($40,000)	
CURRENT BONDS OUTSTANDING	$16,135,000	

SERIES 2018, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	5% - 5.2%	
MATURITY DATE:	11/1/2048	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$115,065	
RESERVE FUND BALANCE	$115,065	
BONDS OUTSTANDING - 2/27/18	$3,490,000	

CURRENT BONDS OUTSTANDING	
$3,490,000	

9

WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT
SPECIAL ASSESSMENT RECEIPTS - FYZOlB TAX COlLECTOR
Gross Assessments  $	940,503     $	281,203    $	294,300     $	36S,000
Net Assessments  $	884,072     $	264,330     $	276,642    $	343,100
2005	2007
Date	Gross Assessments	Discounts/	Commissions	Interest	Net Amount     General Fund     Debt Svc Fund  Debt Svc Fund	Total
Received	Dist.	Received	Penalties	Paid	Income	Received	29.90%	31.29%	38.81%	100%
11 /9/17	ACH	s	7,294.57   $	385.80   $	138.18  s	$	6,770.59  $	2,024.35  $	2,118.64  $	2,627.60   $	6,770.59
11/24/17	ACH	$	74,305.25   $	2,971.93   $	1,426.67   $	$	69,906.65   $	20,901.51  $	21 ,875.04  $	27,130.10  $	69,906.65

s

12/15117	ACH	$	448,81 8.78   $	17,950.20  $	8,617.36  s	$      422,251.22   $      126,249.66   $      132,1 29.92   $   163,871.64   $   422,251.22

636.32   s	31, 179.07	9,322.28

12/28/1 7	ACH	$	37.492.50    $	1.334.51  $	723.16	$	35,434.83   $	10,594.72  $	11 ,088. 19  $	13,751.92  $	35,434.83

112.93  $	112.93  $	33.76 $

$	43.83  $	112.92

1/16118	ACH	$	32.799.35   $	983.96   $	$	$	$	9,756.49   $	12,1 00.30  $	31,179.06

1/26118	ACH	$	$	$

1/16118	ACH	$	2,964.29   $	83.70   $	57.60   $s

$	2,822.99  $	844.05   $	883.36   $	1,095.58  $	2,822.99

2/14118	ACH	$	51 ,044.62   $	1,107.69  $	998.74   s	$	48,938.19  $	14,632. 12 s	15,313.63  $	18,992.44  $	48,938.19
3/9/18	ACH	$	36,743.45  s	410.03   $	726.67    $	$	35,606.75  $	10,646.12  $	11,141.99  $	13,818.64  $	35,606.74
3/9/18	ACH	s	309.03   $	$	6.18  s	$	302.85   $	90.55   s	94.77   $	117.53  $	302.85
$	$	$	$	s	$	$	$	$
$	$	$	s	$	$	s	$	s
$	$	$	s	$	$	$	$	s
$	s	$	$	$	$	s	s	$
s	$	$	s	$	$	$	s	$
$	$	$	s	$	$	$	$	$
$	$	$	s	$	$	$	$	$
Totals	691,771.84	25,227.82   $	13 33088	11 2.93  $  653,326.07	195,339. 12 $    204,437.36	253,549.57 $ 653,326.05
DIRECT ASSESSENTS
DOUGLAS WESTSIDE LLC	$	48,514.15	$     48,S14.1S   $	$
DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES 2005	SERIES 2007 RECEIVED	DUE	Num		ASSESSED		RECEIVED
10/31/17	11/1/17	5987	$	24,257.07    $       24,257.08    $     24,257.08   $	$
1/22/18	2/1/18	6155	$	12,128.54    $       12,128.54    $     12,128.54   $	$
5/1/18	$	12,128.54   $ 	$	$	$
$	48,514.15    $      36,385.62    $      36,38S.62   $	$

HOVHANIAN MAGNOLIAAT WESTSIDE LLC	$	14,330.83	$      14,330.83    $	$

�	

DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES 200S	SERIES 2007 RECEIVED		DUE	Num		ASSESSED		RECEIVED
1110118	11/1/17	602177	$	7,165.41   $	7,165.41   $	7,165.41   $	$
1/27/18	2/1/18	609858	$	3,582.71   $	3,582.71   $	3,582.71   $	$
 	3/12/18	5/1/18	624124	$	3,582.71   $	3,582.71   $	3,582.71 $
Total	$	14,330.83     $       14,330.83     $      14,330.83    $	$

KB HOMES ORLANDO	$	22,054.79	$      ZZ,054,79   $	$
DATE	DATE	Check	NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES 2005	SERIES 2007 RECEIVED		DUE	Num		ASSESSED		RECEIVED
11/6/17	11/1/17	8709111	$	11,027.39   $	11,027.39   $	11,027.39   $	$
211/18	$	5,513.70   $	$	$	$
5/1/18	$	5,513.70   $ 	$	$	$
Total	$	22,054.79    $       11,027.39    $     11,027.39   $	$
GOLDEN CAY LLC			$		91,611.84		$    18,340.72    $    52,640.00     $     20,631.12 DATE	DATE	Check		NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES 2005	SERIES 2007
RECEIVED	DUE	Num	ASSESSED	RECEIVED

12/4/17	11/1/17

$	45,805.92    $      45,805.92   $	9,170.36 $ 26,320.00 $ 10,315.56

2/26118	2/1/18	1056	$	22,902.96    $      22,902.96   $	4,585.18    $      13,160.00   $	5,157.78
     511/18		$ 	22,902.96   $	$	$	$
Total	$	91,611.84    $       68,708.88     $       13,755.54    $       39,480.00     $     15,473.34

GREEN GATE LAGOON LLC			$		185,092.20		$   34,906.52   $   110,920.00    $    39,265.68 DATE	DATE	Check		NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES 2005	SERIES 2007
RECEIVED	DUE	Num	ASSESSED	RECEIVED

s

3/13/18	11/1/17	Wire	$	92,546.10    $       92,546.10    $       17,453.26    $    55,460.00   $	19,632.84

s	s

3/13/18	2/1/18	Wire	$	46,273.05    $      46,273.05    $	8,726.63	27,730.00   $	9,816.42
 	511/18	$	46,273.05   $	$  	
Total	$	lBS,092.20 $ 138,819.15 $ 26,179.89 $ 83,190.00 $ 29,449.26

10 

LAND ACQUISITION ONE LlC	$	43,485.25	$      43,485.25    $	$
DATE	DATE	Check		NET AMOUNT		NETAMDUNT  GENERAL FUND   SERIES ZOOS	SERIES 2007 RECEIVED	DUE	Num	 		ASSESSED		RECEIVED	  
12/14/17	11/1/17	1013	$	21,742.63	$ 21,742.63	$	21,742.63	$	$	
12/14/17
12/14/17	2/1118
5/1/18	1013
1013	$	10,871.31
$	10,871.31	$     10,871.31
$	10,871.31	$s      10,871.31
10,871.31 	$	$
$	 s		
Total	$	43,485.25	$ 43,485.25	$ 43 485.25	$	$	

WESTSIDE CDD HOLDINGS, INC.	$	119,658.38		
$ 119,658.38	
$	$	
DATE RECEIVED	DATE DUE	Check
 	Num		NET AMOUNT ASSESSED	NETAMOUNT RECEIVED	GENERAL FUND	SERIES 2005	SERIES 2007	

s

12/5117	11/1/17	108350204	$	59,829.19    $      59,829.19   $     59,829.19   $	$
12/5/17	2/1/18	108350205	$	29,914.60   $     29,914.60	29,914.60   $	$
12/5117	511/18	108350205	$	29,914.60   $      29,914.60   $      29 914.60   $	$
Total	$	119 658.38    $    119,658.39    $  119,658.39   $	$

DATE RECEIVED	DATE DUE	Check
Num	NET AMOUNT ASSESSED	NETAMOUNT RECEIVED	GENERAL FUND	SERIES 2005	SERIES 2007	
12/5117	11/1/17	108350206	$	42,006.15	$ 42,006.15	$     42,006.15   $	$	
12/5117	211118	108350207	$	21,003.08	$	21,003.08	$     21,003.08   $	$	
12/5117	511118	108350207	21,003.08	 		$    21,003.08   $	$	
Total			$	84,012.31	$ 84,012.31	$     84,012.31   $	$	

WESTSIDE CDD HOLDINGS, INC.	$	84,012.31	$    84,012.31   $	$

$	21,003.08

�

DATE RECEIVED	DATE DUE	Check
 	Num		NET AMOUNT	NET AMOUNT   GENERAL FUND  SERIE5 200S		SERIES 2007 ASSESSED		RECEIVED	 		 			
12/18117	11/1/17	1673	$	9,485.73	$	9,485.73   $	9,485.73   $	$	
2/1118	211/18
5/1/18	2636	$	4,742.87
$	4,742.87   	$	4,742.87   $	4,742.87   $	$
$	$	$	$	

MATTAMY ORLANDO LLC	$	18,971.47	$     18,971.47   $	$

Total	$	18,971.47    $      14,228.60    $    14,228.60   $	$ LAND ACQUISITION ONE LLC	$	13,124.79	$     13,124.79   $	$

12/14/17	11/1/17	1014	$	6,562.39	$	6,562.39  $	6,562.39	$	$	
12/14117	2/1118	1014	$	3,281.20	$	3,281.20  $	3,281.20	$	$	
12/14/17	5/1118	 		1014		$	3,281.20 	$	3,281.20   $	3,281.20	$	$ 		
Total	

SUMMARY

TAX ROLL ASSESSED AMOUNT DIRECT BILLED AMOUNT	$	13,124.79

TOTAL

$	884,072.43
  $	640,856.01		$ 13,124.79 $ 13 124.79

GENERAL FUND SERIES ZOOS
$    264,330.43     $  276,642.00
$417,399.21	$163,S60.00		$	$

SERIES 2007

$   343,100.00
$59,896.80	
TOTAL	$	1,524,928.44	$ 681,729.64	$ 440,202.00	$ 402,996.80		
TAX ROLL ASSESSMENTS COLLECTED	$	653,326.05	$ 195,339.12	$ 204,437.36	$ 253,549.57		
DOUGLAS WESTSIDE LLC	$	36,385.62	$ 36,385.62	$	$		
HOVHANIAN MAGNOLIA AT WESTSIDE LLC	$	14,330.83	$	14,330.83	$	$		
KB HOMES ORLANDO
GOLDEN CAY LLC
GREEN GATE LAGOON LLC LAND ACQUISITION ONE LLC WESTSIDE COD HOLDINGS, INC. WESTSIDE COD HOLDINGS, INC. MATTAMY ORLANDO LLC LANDACQUISITION ONE LLC

DIRECT BILL ASSESSMENTS COLLECTED

VARIANCE	$	11,027.39   $	11,027.39   $	$
$	138,819.15   $	26,179.89 $ 83,190.00 $ 29,449.26
$	119,658.39    $  119,658.39   $	$
$	14,228.60   $	14,228.60   $	$

$	543,781.21    $    376,188.61    $    122,670.00    $   44,922.60

$	327,821.19   $   110,201.91   $    113,094.64   $   104 524.63		

DATE	DATE	Check		NET AMOUNT	NET AMOUNT  GENERAL FUND  SERIES ZOOS	SERIES 2007 RECEIVED	DUE	Num	 	ASSESSED		RECEIVED

$	68,708.88   $	13,755.54 $ 39,480.00 $ 15,473.34
$	43,485.25    $    43,485.25   $	$
$	84,012.31    $    84,012.31   $	$
$	13,124.79   $	13,124.79   $	$

11 

District	Landownder	Total O & M

Total  Debt	Total Due
$0

Westside CDD FY 2018
Direct Bill Status

O&M	Debt	Total	Paid

Westside	Westside CDD Holdings	$119,658

$119,658
Nov

$59,829.19	$0.00	$59,829.19 Paid - 11/27/17

18·25·27·3160·000A·0080
(Former Falrwlnds)

2005	$0
2007	$0

Feb May Total

$29,914.60	$0.00	$29,914.60 Paid · 11/27/17
$29,914.60	$0.00	$29,914.60 Paid · 11/27/17
$119,658.38	$0.00	$119,658.38

KB	$22,055
07-25·27·3160·000C·Ol15, 18·25·27·3160-0006·0095

$0	$22,055

Nov

O&M	Debt
$11,027.40

Tota!	Paid
$0.00	$11,027.40 Paid 11/6/17

Khov

2005	so
2007

Feb May Total

$5,513.70	$0.00	$5,513.70
$5,513.70	$0.00	$5,513.70
$22,054.79	$0.00	$22,054.79

07·25-27-3 !60·000C-0010, 18-25·27·3160·00(	$14,331

$0	$14,331

Nov

O&M	Debt
$7,165.42

Total	Paid
$0.00	$7,165.42 Paid 1/11/18

2005
2007

Westside COD Holdings	$84,012
18·25·27-3160·0008-0040
2005
2007

Golden Cay LLC	$18,341
07·25-27-5461·0001-00DO
2005
2007

Douglas Westside, LLC	$48,514
06·25·27·5474·0001-0030	2005
2007

Land One Acquisition	$43,485
182527316000080110
2005
2007

Matta my	$18,971
18-25-27-4941-0001-FD!O	200S
2007

Land One Acquisition	$13,125
!9·25-27-3160·000B·0030	2005
2007

$0

$0
$415,856
$135,432

$73,271
$52,640
$20,631

$0
$0
$0

$0

$0
$0

$0
$0.00
$0.00

$0
$0.00
$0.00

$84,012

$91,612

$48,514

$18,971

$13,125

Feb May Total

Nov Feb May Total

Nov Feb May Total

Nov Feb May Total

Nov Feb May
Total

Nov Feb May
Total

Nov Feb May Total

$3,582.71	$0.00	$3,582.71 Paid 1/28/18
$3,582.71	$0.00	$3,582.71   Paid3/12/18
$14,330.83	$0.00	$14,330.83
O&M	Debt	Total	Paid
$42,006. 16	$0.00	$42,006.16  Paid 11/27/17
$21,003.08	$0.00	$21 ,003.08 Paid 11/27/17
$21,003.08	$0.00	$21,003.08 Paid 11/27/17
$84,012.31	SD.00	$84,012.31
O&M	Debt	Total	Paid
$9,170.36	$36,635.56	$45,805.92 Paid 12/4/17
$4,585.18	$18,317.78	$22,902.96 Paid 2/26/18
$4,585.18	$18,317.78	$22,902.96
$18,340.72	$73,271.12	$91,611.84
O&M	Debt	Total	Paid
$24,257.08	$0.00	$24,257.08 Paid 10/30/17
$12,128.54	$0.00	$12,128.54 Paid 1/23/18
$12,128.54	$0.00	$12,128.54
$48,514.15	$0.00	$48,514.15
O&M	Debt	Total	Paid
$21,742.63	$21,742.63 Paid 12/14/17
$10,871.31	$10,871.31 Paid 12/14/17
$10,871.31	$10,871.31 Paid 12/14/17
$43,485.2S	$43,485.25

O&M	Debt	Total	Paid
$9,485.74	$9,485.74 Paid 12/19/17
$4,742.87	$4,742.87 Paid 2/1/18
$4,742.87	$4,742.87
$18,971.47	$18,971.47
O&M	Debt	Total	Paid
$6,562.40	$6,562.40 Paid 12/14/17
$3,281.20	$3,281.20  Pal<I 12/14/17
$3,281.20	$3,281.20 Paid 12/14/17
$13,124.79	$13,124.79

Green Gate Lagoon
07-25·27-5461-0001·0010	O&M 
2005 Debt
2007 Debt

$34,907
$110,920
$39,266

Feb May

Nov

O&M	Debt	Total	Paid
$17,453.26	$75,092.84	$92,546.10 Paid 3/13/18
$8,726.63	$37,546.42	$46,273.05 Paid 3/13/18 
$8,726.63	$37,S46.42	$46,273.05
$185,092.20

MARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

April 17, 2018 

Ms. Stacie Vanderbilt Administrative Assistant
Westside Community Development District 1 35 W. Central Blvd.
Suite 320
Orlando, FL 32801

RE:	Westside Community Development District - Registered Voters Dear Ms. Vanderbilt:
Thank you for your letter of April 1 2, 2018 requesting confirmation of the number of registered voters within the Westside Community Development District as of April 15, 2018.
The number of registered voters within the Westside COD is 503 as of April 1 5, 2018. If I can be of further assistance please contact me at 407.742.6000.
Respectfully yours,

M7k,ary Ja·n�e Arrington Supervisor of Elections

QG

� i}; et;�T(� )� @.
Jlli
BY: _________ __

2509 East Irlo Bronson Memorial Highway • Kissimmee, FL 34 744 407 .742 .6000 • Fax: 407 .742 .6001 • www.voteosceola.com

(J'\

INSTRUCTIONS
At the Board meeting, when the landowners' election is announced, instructions on how landowners may participate in the election, along with a sample proxy, shall be provided.

At a landowners' meeting, landowners shall organize by electing a Chair who shall conduct the meeting. The Chair may be any person present at the meeting. If the Chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions.

Nominations are made from the floor.

After all nominations are made, a ballot is distributed and votes are cast

Each landowner is entitled to one vote for each acre he owns or portion of an acre.

SAMPLE AGENDA
Determination of Number of Voting Units Represented

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners' Meeting

Nominations for the Position of Supervisor

Casting of Ballots

Ballot Tabulation

Landowners Questions and Comments

Adjournment

LANDOWNER PROXY LANDOWNERS MEETING - November 7, 20 18 
WESTSIDE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

Proxy Holder

NOW ALL PERSONS BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

CBroomamdwuanFyiot,yrSaDuneidtveoenl1o0pb4em,heaKnlftisoDsfiimsthtmreiecuetn,tdoFerlbosiergindheaedld,otnaotNv1oo1tv:e0ea0msabp.emrro.x7ya,ta2tth0t1eh8eO, mffieceetisngofoHf tahnesolann,dWowanlteerrs &ofAthsesoWcieasttessi,d8e thereof, according to the number of acres of un-platted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members ofthe Governing Board. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

and at any continuances or adjournments

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereofuntil the conclusion ofthe annual meeting and any adjournment or adjournments thereof,  but may be revoked at any time by written notice of such  revocation  presented  at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Print or type name of Landowner

Signature ofLandowner

Parcel Description

Date -------

Acreage	Authorized Votes*

Total Number of Authorized Votes:

(must be street address, tax parcel ID number, or legal description attached)

Please note that a particular real property is entitled to only one vote for each eligible acre of lands or

*Pursuant to section 190.006 (2)(b), Florida Statutes (2007), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.

corporate resolution, etc.). If more than one parcel, each must be listed or described.

s instead a corporation, limited liability company, limited partnership or other entity, evidence that the

tfroagcettihoenr tehnetriteloedf; ttowoonl(y2)onoer vmotoereforpetrhsaotnrewahl oproowpenrtrye.alIfptrhoepfeeretysiminpcleomlanmdoonwtnheartisisnot eanacinrdeivoirduleasls, aanrde individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws,

20 18 SPECIAL DISTRICTS QUALIFYING PROCEDURE

Florida Statute 99.061
All special district candidates shall qualify by paying a filing fee of $25.00 or by the petition process pursuant to Florida Statute 99.095. Notwithstanding Florida Statute 106.021, a Special District candidate who does not collect contributions and whose only expense is the filing fee or signature verification fee is not required to appoint a campaign treasurer or designate a primary campaign depository.
Candidates who WILL NOT incur election expenses or contributions will do the following:
If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district.
PetitionsmustbesubmittedbyNoon on May21, 2018.
Qualifying begins at Noon onJune 18 and ends at Noon on june 22,2018. To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):
Form 1 - Statement of Financial Interest
Loyalty Oath/Oath of Candidate
The amount of $25.00 for your qualifying fee.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be charged .10 foreach petition card viewed.

Candidates who WILL incur election expenses or contributions will do the following:
File Appointment of Campaign Treasurer/Designation of Campaign Depository (open campaign account). This may be completed at any time prior to qualifying, but MUST be completed by the time you qualify.
Read Chapter 106 of the Florida Statutes, and submit a Statement of Candidate.
If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district.
Petitionsmust be submitted byNoon on May21, 2018.
Qualifying begins at Noon on [une 18 and ends at Noon on June 22, 2018. To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):
Form 1- Statement of Financial Interest
Loyalty Oath/Oath of Candidate
Check for $25.00, from your campaign account made payable to the Supervisor of Elections, for your qualifyingfee. NO CASH WILL BE ACCEPTED.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be
charged .10 for each petition card viewed.