Westside Community Development District
Agenda February 6, 2024

Agenda

Westside
Community Development District

219 E. Livingston Street, Orlando, FL 32801 Phone: 407-841-5524 – Fax: 407-839-1526

January 30, 2024

Board of Supervisors Westside Community Development District

Dear Board Members:

The Board of Supervisors of Westside Community Development District will meet Tuesday, February 6, 2024 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
Organizational Matters
Acceptance of Resignation of Jose Lagunilla, Jr. from Seat #2
Appointment of Individual(s) to Fulfill Seats #2, #3, #4 & #5
Administration of Oaths of Office to Newly Appointed Supervisor(s)
Election of Officers
Consideration of Resolution 2024-01 Electing Officers
Approval of Minutes of the October 3, 2023 Meeting
Ratification of Series 2022-2 Requisition #2
Staff Reports
Attorney
Discussion of Phase 2 Pond 4 Drainage Issue
CDD Ethics Training Requirement
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Discussion of Direct Bill Status
Presentation of Arbitrage Rebate Calculation Report for the Series 2019 Bonds
Supervisor’s Requests
Other Business
Adjournment

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

Sincerely,

Jason M. Showe District Manager

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

Enclosures

Section III

Section A

From: Stacie Vanderbilt svanderbilt@gmscfl.com
Subject: Resignation
Date: January 31, 2024 at 4:23 PM
To:

On Oct 11, 2023, at 9:27 AM, Jose Lagunilla Jr <jslagunilla@msn.com> wrote:

Good morning Jason,

Please accept my resignation effective immediately as member of the Westside CDD Board due to health issues.

Thank you for the opportunity to be of service to the Board and I wish all the best moving forward.

Thank you, Jose Lagunilla

Section E

RESOLUTION 2024-01

A RESOLUTION ELECTING OFFICERS OF THE WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

WHEREAS, the Board of Supervisors of the Westside Community Development District at a regular business meeting held on February 6, 2024 desires to elect the below recited persons to the offices specified.

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

1. The following persons were elected to the offices shown, to wit:

Chairman

Vice Chairman Treasurer
Assistant Treasurer Assistant Treasurer Secretary
Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary

PASSED AND ADOPTED THIS 6th DAY OF FEBRUARY, 2024.

Chairman/Vice Chairman

Secretary/Assistant Secretary

Minutes

MINUTES OF MEETING WESTSIDE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Westside Community Development District was held Tuesday, October 3, 2023 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:

Tom Franklin	Chairman
Scott Stewart	Vice Chairman
Robert Bagwell	Assistant Secretary Also present were:
Jason Showe	District Manager
Jay Lazarovich	Latham Shuker
Mark Vincutonis	District Engineer
Andy Hatton	Field Manager

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

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

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individuals to Fill Seats 3, 4 & 5
Oath of Office for Newly Appointed Supervisors
Election of Officers Resolution 2024-01
Items A through C were tabled to a future agenda.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the July 11, 2023
Meeting

On MOTION by Mr. Franklin seconded by Mr. Bagwell with all in favor the minutes of the July 11, 2023 meeting were approved as presented.

October 3, 2023	Westside Community Development District

FIFTH ORDER OF BUSINESS	Ratification	of	Landscape	Maintenance
Addendum with Yellowstone Landscape for Soleil Pond Areas
Mr. Hatton stated this is for the maintenance of the Soleil Phase 3 pond at the end of Westside Boulevard.

On MOTION by Mr. Bagwell seconded by Mr. Franklin with all in favor the addendum to the Yellowstone Landscape contract to include the Soleil Pond areas was ratified.

SIXTH ORDER OF BUSINESS	Ratification of Series 2022-2 Requisition No.
1 and Related Documents
Post-Closing Conveyance Agreement
Mr. Franklin stated some of these documents are signed by Brett Evans and notarized by Sara Evans. Just check to make sure those are okay.
Mr. Showe stated I don’t think it is applicable to our process but we can check.

On MOTION by Mr. Franklin seconded by Mr. Stewart with all in favor Requisition no. 1 and the pre-closing conveyance agreement were ratified.

SEVENTH ORDER OF BUSINESS	Consideration of Proposal from AMTEC to
Provide Arbitrage Rebate Calculation Services for the Series 2018 and Series 2022-1 Bonds
Mr. Showe stated we are required to perform the arbitrage rebate calculations and we have provided a proposal from AMTEC in the amount of $450 per year for each of those reports. It is a reasonable price.

On MOTION by Mr. Franklin seconded by Mr. Bagwell with all in favor the proposal from AMTEC to provide arbitrage rebate calculation services for the series 2018 and 2022-1 Bonds was approved.

EIGHTH ORDER OF BUSINESS	Consideration of Opening Money Market
Mr. Showe stated we started using Bank United money market to earn additional investment income. Currently you are in the SBA that pays between 2% and 3% and this money market gets close to 5% interest.

October 3, 2023	Westside Community Development District

On MOTION by Mr. Bagwell seconded by Mr. Stewart with all in favor staff was authorized to open a money market account at BankUnited.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich stated we received the stormwater analysis report regarding the Phase 2 Pond 4 that is still being reviewed internally.

Engineer
Mr. Vincutonis stated we have looked at Soleil and I don’t know if they have repaired those sidewalks.
Mr. Hatton stated they have.

District Manager’s Report
Approval of Check Register
Mr. Showe presented the check register from June 1, 2023 through September 19, 2023 in the amount of $264,472.45.

On MOTION by Mr. Franklin 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.
No Board action was required.

Presentation of Arbitrage Rebate Calculation Report for the Series 2018 Bonds
A copy of the arbitrage rebate calculation report for the Series 2018 Bonds was 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’s Report
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Supervisor’s Requests

October 3, 2023	Westside Community Development District

There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TWELFTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Stewart seconded by Mr. Franklin with all in favor the meeting adjourned at 11:16 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

FORM OF REQUISITION 2022-2 ACQUISITION AND CONSTRUCTION ACCOUNT

Westside Community Development District Osceola County, Florida

U.S. Bank Trust Company, N.A., as Trustee Orlando, Florida

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2022-2 (SOLEIL AT WESTSIDE)

The undersigned, a Responsible Officer of the Westside Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, N.A. (formerly U.S. Bank National Association, as successor in interest to SunTrust Bank, National Association) as trustee (the “Trustee”), dated as of February 1, 2005, as amended, and as supplemented by that certain Ninth Supplemental Trust Indenture dated as of November 1, 2022 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture);

Requisition Number; #2

Name of Payee; Latham, Luna, Eden & Beaudine

Amount Payable; $ 838.50

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 119906 for July 2023

Account from which disbursement to be made:
2022-2 Acquisition and Construction Account

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;

each disbursement set forth above is a proper charge against the Account referenced in “E” above;

each disbursement set forth abo

ve wpas_ mcurred in connection with the

Cost of the Assessment Area T

wo roJect;

which has not pre viously been paid; and

eac_h disbursement represents a Cost of the Assessment Area Two Project

aye upon, or c aun affecting the right to

are reasonable.

,	i

e

; w:!

s

�

t	D � �

ch req

1s t10

�

percentag

th

?t	P

released or wm not be released simultan�o�:lye

contain

s

no item	r

rep ese

nti

ng

a	en

p ym

t

accoun

t

of an

y reta

ined

on

the h th

has not been filed with or served upo e set forth above, which has not been

WESTSIDE COMMUNITY DEVELOPMENT DISTRICT

The undersigned District Engineer hereby certifies that; (i) this disbursement is for the Cost of the Assessment Area Two Project and is consistent with the report of the District Engineer, as such report has been amended or modified; (ii) that the portion ofthe Assessment Area Two Project

Bodies required to approve them.

·mprovements being acquired from the proceeds of the 2022-2 Bonds have been completed in accordance with the pJans and specifications therefor; (iii) the Assessment Area Two Project improvements subject to this disbursement are constructed in a sound workmanlike manner and in accordance with industry standards; (iv) the purchase price being paid by the District for the Assessment Area Two Project improvements being acquired pursuant to this disbursement is no more than the lesser of the fair market value of such improvements and the actual Cost of construction of such improvements; and (v) the plans and specifications for the Assessment Area Two Project improvements subject to this disbursement have been approved by all Regulatory

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

August 4, 2023

Westside CDD
c/o GMS-CFL, LLC
219 E. LIVINGSTON STREET
Orlando, FL 32801

Invoice #:	119906
Federal ID #:59-3366512

Matter ID: 9105-016	Conveyances/Requisitions

For Professional Services Rendered:

7/12/2023	JEL	Email correspondence follow up on Tract E conveyance documents	0.10	$21.50	
7/17/2023	JEL	Email Developer regarding Tract E Soleil transfer	0.10	$21.50	
7/18/2023	JEL	Review of bill of sale; phone call with Developer's counsel regarding Tract E conveyance documents; email to District Manager regarding pond conveyance	1.20	$258.00	
7/24/2023	JEL	Review of requisitions/conveyances status	0.10	$21.50	
7/25/2023	JEL	Review developer comments to conveyance documents, revise bill of sale and owner's affidavit related to tract E conveyance and email to developer's counsel regarding same; email to Fidelity regarding updated title request	1.20	$258.00	
7/26/2023	JEL	Review proposal for consulting engineer; review revised title and updated owners affidavit; email correspondence with District Engineer regarding Tract E improvements; email with Developer's counsel regarding improvements; revise District Engineer's Certificate; phone call with District Engineer regarding improvements; review of Engineer's Report; continue to revise conveyance documents	1.10	$236.50	
7/28/2023	JEL	Continue work on Certificate of District Engineer revision	0.10	$21.50	

Total Professional Services:	3.90	$838.50

Total	$838.50	
Previous Balance	$0.00	
Total Due	$838.50	

Section VI

Section A

Section 2

From: Jay Lazarovich jlazarovich@lathamluna.com 
Subject: CDD Ethics Training Requirement (Westside CDD)
Date: January 23, 2024 at 9:00 AM
To: Tom Franklin Sr. tomsr@kpmfranklin.com, Scott Stewart sds252@hotmail.com, Robert Bagwell mousekadeals@gmail.com, Jose Lagunilla Jr jslagunilla@msn.com
Cc: Jan Carpenter JCarpenter@lathamluna.com, Audeliz Matos amatos@lathamluna.com, Jason Showe jshowe@gmscfl.com, Stacie Vanderbilt svanderbilt@gmscfl.com

Good morning, below is informa2on to help you comply with the new ethics training required for all CDD Supervisors.

As a reminder, the new ethics training requirement applies to calendar year 2024. Therefore, you will need to cer2fy that you completed this requirement on the Form 1 for calendar year 2024, due on July 1, 2025. As a second reminder, your Form 1 for calendar year 2023 is due on July 1, 2024 and, for the ﬁrst 2me, is required to be submiJed electronically via the Electronic Disclosure Management System at hJps://disclosure.ﬂoridaethics.gov/Account/Login.

Background:

Beginning on January 1, 2024, Sec2on 112.3142, Florida Statutes, requires each elected local oﬃcer of an independent special district and each person who is appointed to ﬁll a vacancy for an unexpired term to complete four (4) hours of ethics training each calendar year. This ethics training must address, at a minimum: Sec2on 8, Ar2cle II of the Florida Cons2tu2on; the Code of Ethics for Public Oﬃcers and Employees; and Florida’s public records and public mee2ngs laws.

Training “hours” are permiJed to be measured in 50-minute increments and a combina2on two hours of ethics training, one hour of open mee2ngs training and one hour of public records training is suﬃcient to sa2sfy the four-hour requirement (See CEO 13-15 and CEO 13-24).

The training may be sa2sﬁed by comple2on of a con2nuing legal educa2on class or other con2nuing professional educa2on class, seminar or presenta2on, so long as the required subject maJer is covered. We strongly recommend that you keep track of all of the ethics training you complete (including dates and 2mes) since you will be required to self-cer2fy on your annual Form 1 that you have completed the required ethics training for that year.

Resources to complete the new requirement:

Free op2on:

-Website of the Florida Commission on Ethics (hJps://ethics.state.ﬂ.us/Training/Training.aspx and click “Training” located at the top of the page and then click “Training Opportuni2es”)
-Website of the A2orney General (hJps://www.myﬂoridalegal.com/open-government/training and click “Training” located at the top of the page)

An example set to sa2sfy the requirement is: (a) the 58 min. “Vo2ng Conﬂicts – Local Oﬃcers” video and the 50 min. “Gids” video located on the Florida Commission on Ethics website to sa2sfy the two ethics hours needed; plus (b) the two hour “Public Mee2ngs and Public Records Law” video located on the A2orney General website to sa2sfy the one public records hour needed and the one open mee2ngs hour needed.

FLC University (sponsored by the Florida League of Ci2es) oﬀers an “On-Line Learning Library” with virtual training to fulﬁll the requirement. For more info., visit their website at hJps://www.ﬂoridaleagueofci2es.com/educa2on-and-events/ethics-educa2on or contact FLC University at (407) 367-3443 or by email to university@ﬂci2es.com.

Other sources that charge a fee:

-Florida Ins2tute of Government ($79): hJps://iog.fsu.edu/online-ethics We understand they are going to launch a new program speciﬁcally addressed to the new requirement on February 1, 2024.

-The Florida Ethics Ins2tute ($75): hJps://ﬂoridaethics.org/courses/ﬂorida-ethics-law-4-hour- course/

Addi2onally, the Florida Associa2on of Special Districts has announced that they will oﬀer a 4 hour course soon. We will keep you informed if we learn of new resources to sa2sfy this requirement and of any addi2onal updates to the law.

Please feel free to contact us or your District Manager if you have ques2ons.

As a reminder, please be careful to not "Reply All" in order to maintain compliance with the Sunshine Laws. Thank you!

Jay E. Lazarovich, Esq.

201 S. Orange Avenue, Suite 1400
Orlando, Florida 32801
407-481-5800 Main
407-481-5842 Direct
407-481-5801 Fax
jlazarovich@lathamluna.com www.lathamluna.com
The information contained in this e-mail is attorney client privileged and confidential information intended only for the use of the individual or entity named above. If the reader of this e-mail is not the intended recipient, you are hereby notified that any dissemination or copying of this communication is strictly prohibited. If you have received this email in error, please notify us immediately by telephone at 407-481-5800 or by e-mail and delete the original and all copies of this e-mail from your computers. Thank you.

Section C

Section 1

Westside
Community Development District

Summary of Check Register

December 18, 2023 through January 27, 2024

	Fund	Date	Check No.'s	Amount	

General Fund					
		12/22/23	1971-1973	$	1,645.02	
		1/22/24	1974-1975	$	1,503,598.72	
		1/23/24	1976-1978	$	6,407.66	
		1/25/24	1979-1980	$	9,101.82	
		1/26/24	1981	$	287.00	

Total Amount	$	1,521,040.22

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/30/24	PAGE	1
*** CHECK DATES 12/18/2023 - 01/27/2024 ***	WESTSIDE CDD - GENERAL FUND
BANK A WESTSIDE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/22/23 00034 12/21/23 6391-12- 202312 310-51300-31200	*	450.00
ASSES REVENUE BONDS 2019
AMTEC	450.00 001971
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00022 12/14/23 5289312	202311 310-51300-31100	*	71.25
ENGINEERING SVCS-NOV23
HANSON, WALTER & ASSOCIATES, INC.	71.25 001972
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/23 00029 12/13/23 122747	202311 310-51300-31500	*	1,123.77
ATTORNEY SVCS-NOV23
LATHAM,LUNA,EDEN & BEAUDINE, LLP	1,123.77 001973
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/24 00016	1/17/24 01172024 202401 300-20700-10000	*	1,885.55
FY23 ON ROLL ASMT S2018
1/17/24 01172024 202401 300-20700-10000	*	1,670.96
FY23 ON ROLL ASMT S2019
1/17/24 01172024 202401 300-20700-10000	*	6,663.74
FY23 ON ROLL ASMT S2019R
1/17/24 01172024 202401 300-20700-10000	*	646.64
FY23 ON ROLL ASMT S2019K
1/17/24 01172024 202401 300-20700-10000	*	27,740.75
DIRECT ASSESSMENT S2005 2
1/17/24 01172024 202401 300-20700-10000	*	9,950.00
DIRECT ASSESSMENT S2007 2
WESTSIDE CDD C/O USBANK	48,557.64 001974

1/22/24 00016	1/18/24	
	1/18/24	
	1/18/24	
	1/18/24	
	1/18/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
01182024 202401 300-20700-10000	*	178,391.40
FY24 ON ROLL ASMT S2018
01182024 202401 300-20700-10000	*	158,089.41
FY24 ON ROLL ASMT S2019
01182024 202401 300-20700-10000	*	781,627.73
FY24 ON ROLL ASMT S2019R
01182024 202401 300-20700-10000	*	61,178.06
FY24 ON ROLL ASMT S2019K
01182024 202401 300-20700-10000	*	88,289.34
FY24 ON ROLL ASMT S22 AA1
1/18/24 01182024 202401 300-20700-10000	*	187,465.14
FY24 ON ROLL ASMT S22 AA2
WESTSIDE CDD C/O USBANK	1,455,041.08 001975
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/24 00056 12/20/23 17015	202312 320-53800-46400	*	600.00
WESTSIDE CDD STORM WATER
12/20/23 17015	202312 320-53800-46400	*	100.00
P-4 HERBICIDE MAINT
12/20/23 17015	202312 320-53800-46400	*	275.00
SOLARA PONDS S1,S2 AND S3
WEST WESTSIDE	AGUZMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/30/24	PAGE	2
*** CHECK DATES 12/18/2023 - 01/27/2024 ***	WESTSIDE CDD - GENERAL FUND
BANK A WESTSIDE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
12/20/23 17015	202312 320-53800-46400	*	100.00
GOODMAN POND HERBICIDE

-	-	-	- -	-	-	-	-	-	-	- - - -	
			*							300.00	

AQUATIC WEED MANAGEMENT, INC.	1,075.00 001976

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/24 00081 12/18/23 2146	202312 320-53800-46400
DISCING SOLEOL POND-DEC23

- - - - - - - -

TOOLE'S TRACTOR SERVICE &	300.00 001977
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/24 00039 12/19/23 OS 63613 202312 320-53800-46300	*	1,155.74 IRRIGATION REPAIRS-LEAK
12/19/23 OS 63613 202312 320-53800-46300	*	516.62
IRRIGATION REPAIRS-PIPES
12/19/23 OS 63613 202310 320-53800-46300	*	2,316.88 IRRIGATION INSPECTION
12/20/23 OS 63643 202312 320-53800-46300	*	1,043.42 IRRIGATION REPAIRS-VALVE
YELLOWSTONE LANDSCAPE	5,032.66 001978
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/25/24 00001	1/01/24 459	202401 310-51300-34000	*	4,032.17
MANAGEMENT FEES-JAN24
1/01/24 459	202401 310-51300-35200	*	106.00
WEBSITE MANAGEMENT-JAN24
1/01/24 459	202401 310-51300-35100	*	159.00
INFORMATION TECH-JAN24
1/01/24 459	202401 310-51300-31300	*	1,855.00
DISSEMINATION SVCS-JAN24
1/01/24 459	202401 310-51300-51000	*	.06
OFFICE SUPPLIES
1/01/24 459	202401 310-51300-42000	*	1.26
POSTAGE
1/01/24 460	202401 320-53800-49000	*	1,792.08
FIELD MANAGEMENT-JAN24
GOVERNMENTAL MANAGEMENT SERVICES	7,945.57 001979
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/25/24 00022	1/15/24 5289624	202312 310-51300-31100	*	1,156.25
ENGINEERING SVCS-DEC23
HANSON, WALTER & ASSOCIATES, INC.	1,156.25 001980
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/24 00007 10/30/23 08012899 202309 310-51300-48000	*	287.00
NOTICE OF MEETING FY23
ORLANDO SENTINEL	287.00 001981
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	1,521,040.22
TOTAL FOR REGISTER	1,521,040.22
WEST WESTSIDE	AGUZMAN

Section 2

Westside
Community Development District

Unaudited Financial Reporting
December 31, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund 	

4	
	Series 2005 Debt Service Fund	

5	
	Series 2007 Debt Service Fund	

6	
	Series 2018 Debt Service Fund	

7	
	Series 2019 Debt Service Fund	

8	
	Series 2019 Refunding Bonds Debt Service Fund	

9	
	Series 2019 Parcel K Debt Service Fund	

10	
	Series 2022 AA1 Debt Service Fund	

11	
	Series 2022 AA2 Debt Service Fund	

12	
	Capital Projects Fund	

13	
	Capital Reserve Fund	

14-15	
	Month to Month	

16	
	Assessment Receipt Schedule	

Westside
Community Development District Combined Balance Sheet December 31, 2023

General Fund

Debt Service Fund

Capital Projects Fund

Capital Reserve Fund

Totals Governmental Funds

Assets:
Cash:
Operating Account Capital Projects Account
Investments: Series 2005 - 2

$	1,934,894

$	-	$	-	$	523,849	$	2,458,743	
$	-	$	23,911	$	-	$	23,911	

$	-

Reserve	$	-	$	100,342	$	-	$	-	$	100,342	
Revenue	$	-	$	60,651	$	-	$	-	$	60,651	
Prepayment Series 2007 - 2
Reserve	$

$	-	$	4,152

-	$	36,260	$

$	$

$	-	$	4,152

-	$	36,260	
Revenue	$	-	$	29,043	$	-	$	-	$	29,043	
Prepayment Series 2018
Reserve	$

$	-	$	2,929

-	$	115,065	$

$	$

$	-	$	2,929

-	$	115,065	
Revenue	$	-	$	44,638	$	-	$	-	$	44,638	
Construction	$	-	$	-	$	2	$	-	$	2	
Series 2019 Reserve	
$	
-	$	101,595	
$	
-	$	
-	$	101,595	
Revenue	$	-	$	28,982	$	-	$	-	$	28,982	
Construction Series 2019 K	$	-	$	-	$	2	$	-	$	2	
Reserve	$	-	$	92,850	$	-	$	-	$	92,850	
Revenue	$	-	$	24,385	$	-	$	-	$	24,385	
Construction Series 2019 R
Reserve	$

$	-	$	-

-	$	503,479	$

$	9,786	$

-	$	-	$	9,786

-	$	503,479	
Revenue	$	-	$	323,317	$	-	$	-	$	323,317	
Cost of Issuance	$	-	$	7,262	$	-	$	-	$	7,262	
Series 2022 AA1											
Reserve	$	-	$	124,025	$	-	$	-	$	124,025	
Revenue	$	-	$	7,603	$	-	$	-	$	7,603	
Construction Series 2022 AA2	$	-	$	-	$	1,561,349	$	-	$	1,561,349	
Reserve	$	-	$	120,784	$	-	$	-	$	120,784	
Revenue	$	-	$	9,376	$	-	$	-	$	9,376	
Construction	$	-	$	-	$	11,253	$	-	$	11,253	
Due from General Fund	$	-	$	1,503,599	$	-	$	-	$	1,503,599	
Investments - SBA	$	219,456	$	-	$	-	$	769,937	$	989,392	
Total Assets	$	2,154,350	$	3,240,335	$	1,606,302	$	1,293,786	$	8,294,773	
Liabilities:
Accounts Payable	

$	9,351	

$	-	

$	-	$	-	$	9,351	
Due to Debt Service	$	1,503,599	$	-	$	-	$	-	$	1,503,599	
Accrued Interest Payable	$	-	$	28,521	$	-	$	-	$	28,521	
Accrued Principal Payable	$	-	$	140,000	$	-	$	-	$	140,000	
Total Liabilites	$	1,512,950	$	168,521	$	-	$	-	$	1,681,471	
Fund Balance:
Restricted for:
Debt Service - Series 2005 - 2	

$	

-	$	81,864	

$	

-	$	

-	$	81,864	
Debt Service - Series 2007 - 2	$	-	$	20,681	$	-	$	-	$	20,681	
Debt Service - Series 2018	$	-	$	339,980	$	-	$	-	$	339,980	
Debt Service - Series 2019	$	-	$	290,337	$	-	$	-	$	290,337	
Debt Service - Series 2019 K	$	-	$	179,060	$	-	$	-	$	179,060	
Debt Service - Series 2019 R	$	-	$	1,622,350	$	-	$	-	$	1,622,350	
Debt Service - Series 2019 R	$	-	$	219,917	$	-	$	-	$	219,917	
Debt Service - Series 2019 R	$	-	$	317,625	$	-	$	-	$	317,625	
Capital Projects	$	-	$	-	$	1,606,302	$	-	$	1,606,302	
Unassigned	$	641,400	$	-	$	-	$	1,293,786	$	1,935,186	
Total Fund Balances	$	641,400	$	3,071,814	$	1,606,302	$	1,293,786	$	6,613,302	
						
Total Liabilities & Fund Balance	$	2,154,350	$	3,240,335	$	1,606,302	$	1,293,786	$	8,294,773	

Westside
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Assessments - Tax Roll	$	589,729	$	430,563	$	430,563	$	-	
Interest	$	1,000	$	1,000	$	3,093	$	2,093	
Miscellaneous Revenue	$	-	$	-	$	3,017	$	3,017	
Total Revenues	$	590,729	$	431,563	$	436,673	$	5,110	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	3,000	$	600	$	2,400	
FICA Expense	$	918	$	230	$	46	$	184	
Engineering Fees	$	15,000	$	3,750	$	2,989	$	761	
Legal Services	$	40,000	$	10,000	$	2,300	$	7,700	
Arbitrage Fees	$	3,600	$	450	$	450	$	-	
Management Fees	$	48,386	$	12,096	$	12,097	$	-	
Information Technology	$	1,908	$	477	$	477	$	-	
Website Maintenance	$	1,272	$	318	$	318	$	-	
Dissemination Fees	$	22,260	$	5,565	$	5,565	$	-	
Trustee Fees	$	29,042	$	8,364	$	8,364	$	-	
Assessment Roll Services	$	13,250	$	13,250	$	13,250	$	-	
Auditing Services	$	4,950	$	-	$	-	$	-	
Telephone	$	100	$	25	$	-	$	25	
Postage	$	2,250	$	563	$	128	$	435	
Insurance - General Liability	$	10,188	$	10,188	$	9,586	$	602	
Printing and Binding	$	1,500	$	375	$	132	$	243	
Legal Advertising	$	1,800	$	450	$	-	$	450	
Other Current Charges	$	1,600	$	400	$	307	$	93	
Office Supplies	$	400	$	100	$	26	$	74	
Property Appraiser's Fee	$	1,400	$	-	$	-	$	-	
Property Taxes	$	200	$	4	$	4	$	-	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	212,199	$	69,779	$	56,813	$	12,967	

Westside
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Operations & Maintenance					
Field Expenditures
Landscape Maintenance	

$	332,250	

$	83,063	

$	83,063	

$	-	
Oak Tree Maintenance	$	25,000	$	6,250	$	-	$	6,250	
Irrigation Repairs	$	20,000	$	5,000	$	10,532	$	(5,532)	
Plant Replacement	$	30,000	$	7,500	$	-	$	7,500	
Electric	$	1,815	$	454	$	92	$	361	
Streetlighting	$	64,680	$	16,170	$	14,803	$	1,367	
Irrigation Water	$	70,180	$	17,545	$	13,673	$	3,872	
Property Insurance	$	1,784	$	1,784	$	1,701	$	83	
Field Management	$	21,505	$	5,376	$	5,376	$	-	
Lake & Wetland Maintenance	$	25,574	$	6,393	$	5,025	$	1,368	
Sidewalk Repairs & Maintenance	$	4,000	$	1,000	$	-	$	1,000	
Contingency	$	26,000	$	6,500	$	-	$	6,500	
Stormwater/Lake Repair	$	15,000	$	3,750	$	-	$	3,750	
Total Operations & Maintenance	$	637,788	$	160,785	$	134,265	$	26,519	
					
Total Expenditures	$	849,987	$	230,564	$	191,078	$	39,486	
					
Excess (Deficiency) of Revenues over Expenditures	$	(259,257)		$	245,595		
					
Fund Balance - Beginning	$	259,257		$	395,805		
					
Fund Balance - Ending	$	-		$	641,400		

Westside
Community Development District Debt Service Fund Series 2005-2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	
Revenues:					

Assessments - Direct Bill	
$	110,963	
$	-	
$	-	
$	-	
Interest	$	-	$	-	$	2,948	$	2,948	
Total Revenues	$	110,963	$	-	$	2,948	$	2,948	

Expenditures:					
Debt Service Obligation	$	110,963	$	86,728	$	86,728	$	-	
Total Expenditures	$	110,963	$	86,728	$	86,728	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(83,780)	$	2,948	
					
Fund Balance - Beginning	$	-		$	165,644		
					
Fund Balance - Ending	$	-		$	81,864		

Westside
Community Development District Debt Service Fund Series 2007-2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Assessments - Direct Bill	$	39,800	$	-	$	-	$	-	
Interest	$	-	$	-	$	1,232	$	1,232	
Total Revenues	$	39,800	$	-	$	1,232	$	1,232	

Expenditures:					
Debt Service Obligation	$	39,800	$	37,440	$	37,440	$	-	
Total Expenditures	$	39,800	$	37,440	$	37,440	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(36,208)		
					
Fund Balance - Beginning	$	-		$	56,889		
					
Fund Balance - Ending	$	-		$	20,681		

Westside
Community Development District Debt Service Fund Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Assessments - Tax Roll	$	230,130	$	178,391	$	178,391	$	-	
Interest	$	-	$	-	$	2,834	$	2,834	
Total Revenues	$	230,130	$	178,391	$	181,225	$	2,834	

Expenditures:					
Interest - 11/1	$	82,025	$	82,025	$	82,025	$	-	
Principal - 5/1	$	65,000	$	-	$	-	$	-	
Interest - 5/1	$	82,025	$	-	$	-	$	-	
Total Expenditures	$	229,050	$	82,025	$	82,025	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,080		$	99,200		
					
Fund Balance - Beginning	$	120,257		$	240,780		
					
Fund Balance - Ending	$	121,337		$	339,980		

Westside
Community Development District Debt Service Fund Series 2019
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Assessments - Tax Roll	$	203,846	$	158,089	$	158,089	$	-	
Interest	$	-	$	-	$	2,339	$	2,339	
Total Revenues	$	203,846	$	158,089	$	160,428	$	2,339	

Expenditures:					
Interest - 11/1	$	69,552	$	69,552	$	69,552	$	-	
Principal - 5/1	$	65,000	$	-	$	-	$	-	
Interest - 5/1	$	69,552	$	-	$	-	$	-	
Total Expenditures	$	204,104	$	69,552	$	69,552	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(258)		$	90,876		
					
Fund Balance - Beginning	$	93,051		$	199,460		
					
Fund Balance - Ending	$	92,793		$	290,337		

Westside
Community Development District Debt Service Fund Series 2019R
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Assessments - Tax Roll	$	1,007,205	$	781,628	$	781,628	$	-	
Interest	$	-	$	-	$	12,932	$	12,932	
Total Revenues	$	1,007,205	$	781,628	$	794,560	$	12,932	

Expenditures:					
Interest - 11/1	$	218,057	$	218,057	$	218,057	$	-	
Principal - 5/1	$	575,000	$	-	$	-	$	-	
Interest - 5/1	$	218,057	$	-	$	-	$	-	
Total Expenditures	$	1,011,114	$	218,057	$	218,057	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(3,908)		$	576,503		
					
Fund Balance - Beginning	$	816,035		$	1,045,846		
					
Fund Balance - Ending	$	812,126		$	1,622,350		

Westside
Community Development District Debt Service Fund Series 2019K
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Assessments - Tax Roll	$	78,845	$	61,178	$	61,178	$	-	
Interest	$	-	$	-	$	1,874	$	1,874	
Total Revenues	$	78,845	$	61,178	$	63,052	$	1,874	

Expenditures:					
Interest - 11/1	$	36,970	$	36,970	$	36,970	$	-	
Interest - 5/1	$	36,970	$	-	$	-	$	-	
Total Expenditures	$	73,940	$	36,970	$	36,970	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,905		$	26,082		
					
Fund Balance - Beginning	$	57,621		$	152,978		
					
Fund Balance - Ending	$	62,526		$	179,060		

Westside
Community Development District Debt Service Fund Series 2022 AA1
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:		
Assessments - Tax Roll	$	113,770	$	88,289	$	88,289	$	-	
Interest	$	-	$	-	$	2,241	$	2,241	
Total Revenues	$	113,770	$	88,289	$	90,530	$	2,241	

Expenditures:					
Interest - 11/1	$	56,885	$	56,885	$	56,885	$	-	
Interest - 5/1	$	56,885	$	-		$	-	
Total Expenditures	$	113,770	$	56,885	$	56,885	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(0)		$	33,645		
					
Fund Balance - Beginning	$	60,928		$	186,272		
					
Fund Balance - Ending	$	60,928		$	219,917		

Westside
Community Development District Debt Service Fund Series 2022 AA2
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:		
Assessments - Tax Roll	$	241,568	$	187,465	$	187,465	$	-	
Interest	$	-	$	-	$	2,586	$	2,586	
Total Revenues	$	241,568	$	187,465	$	190,051	$	2,586	

Expenditures:					
Interest - 11/1	$	97,990	$	97,990	$	97,990	$	-	
Principal - 5/1	$	45,000	$	-	$	-	$	-	
Interest - 5/1	$	97,990	$	-	$	-	$	-	
Total Expenditures	$	240,980	$	97,990	$	97,990	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	588		$	92,061		
					
Fund Balance - Beginning	$	103,331		$	225,564		
					
Fund Balance - Ending	$	103,919		$	317,625		

Westside
Community Development District Capital Projects Funds
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Series	Series	Series	Series	Series	Series	Series		
	2005-2	2007-2	2018	2019	2019K	2022 AA1	2022 AA2	Total	

Revenues									
Interest	$	-	$	1	$	0	$	0	$	129	$	20,588	$	151	$	20,868	
Total Revenues	$	-  $	1	$	0	$	0	$	129	$	20,588	$	151	$	20,868	

Expenditures:									
Capital Outlay	$	-	$	-	$	-	$	-	$	-	$	-	$	917	$	917	
Contingency	$	-	$	177	$	-	$	-	$	-	$	-	$	-	$	177	
Total Expenditures	$	-  $	177	$	-	$	-	$	-	$	-	$	917	$	1,094	
									
Excess (Deficiency) of Revenues over Expenditures	$	-  $	(176)	$	0	$	0	$	129	$	20,588	$	(766)	$	19,774	
									
Fund Balance - Beginning	$	-	$	24,087	$	2	$	1	$	9,657	$	1,540,761	$	12,019	$	1,586,528	
									
Fund Balance - Ending	$	-	$	23,911	$	2	$	2	$	9,786	$	1,561,349	$	11,253	$	1,606,302	

Westside
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/23	Thru 12/31/23	Variance	

Revenues:					
Interest	$	-	$	-	$	10,807	$	10,807	
Total Revenues	$	-	$	-	$	10,807	$	10,807	

Expenditures:

Miscellaneous Expense	

$	1,500	

$	375	

$	114	

$	261	
Total Expenditures	$	1,500	$	375	$	114	$	261	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,500)		$	10,693		
					
Fund Balance - Beginning	$	1,282,718		$	1,283,093		
					
Fund Balance - Ending	$	1,281,218		$	1,293,786		

Westside
Community Development District Month to Month

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

Revenues:

Assessments - Tax Roll	$	-	$	107,449	$	323,114	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	430,563	
Interest	$	1,031	$	1,010	$	1,052	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,093	
Miscellaneous Revenue	$	-	$	-	$	3,017	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,017	
Total Revenues	$	1,031	$	108,459	$	327,183	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	436,673	

Expenditures:					

General & Administrative:					

Supervisor Fees	
$	600	
$	-	
$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	600	
FICA Expense	$	46	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	46	
Engineering Fees	$	1,334	$	71	$	1,584	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,989	
Legal Services	$	1,176	$	1,124	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,300	
Arbitrage Fees	$	-	$	-	$	450	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	450	
Management Fees	$	4,032	$	4,032	$	4,032	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	12,097	
Information Technology	$	159	$	159	$	159	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	477	
Website Maintenance	$	106	$	106	$	106	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	318	
Dissemination Fees	$	1,855	$	1,855	$	1,855	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,565	
Trustee Fees	$	8,364	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	8,364	
Assessment Roll Services	$	13,250	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	13,250	
Auditing Services	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Postage	$	6	$	
Insurance - General Liability	$	9,586	$	
Printing and Binding	$	123	$	
Legal Advertising	$	-	$	
Other Current Charges	$	101	$	
Office Supplies	$	13	$	
Property Appraiser's Fee	$	-	$	
Property Taxes	$	-	$	
Dues, Licenses & Subscriptions	$	175	$	

120  $	3  $
-	$	-	$
9  $	-	$
-	$	-	$

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

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

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

-	$	128
-	$	9,586
-	$	132
-	$	-

101  $
13  $
-	$
4  $
-	$

105  $
0  $
-	$
-	$
-	$

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

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

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

-	$	307
-	$	26
-	$	-
-	$	4
-	$	175

Total General & Administrative	$	40,926  $	7,593  $	8,294  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	56,813

Westside
Community Development District Month to Month

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

Operations & Maintenance

Field Expenditures

Landscape Maintenance Oak Tree Maintenance Irrigation Repairs
Plant Replacement Electric Streetlighting Irrigation Water Property Insurance Field Management
Lake & Wetland Maintenance Sidewalk Repairs & Maintenance Contingency
Stormwater/Lake Repair

$	27,688  $
$	-  $
$	7,816  $
$	-  $
$	31  $
$	4,934  $
$	3,855  $
$	1,701  $
$	1,792  $
$	1,075  $
$	-  $
$	-  $
$	-  $

27,688  $
-  $
-  $
-  $
31  $
4,934  $
3,654  $
-  $
1,792  $
1,075  $
-  $
-  $
-  $

27,688  $	-  $
-  $	-  $
2,716  $	-  $
-  $	-  $
31  $	-  $
4,934  $	-  $
6,165  $	-  $
-  $	-  $
1,792  $	-  $
2,875  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

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

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

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

-  $	83,063
-  $	-
-  $	10,532
-  $	-
-  $	92
-  $	14,803
-  $	13,673
-  $	1,701
-  $	5,376
-  $	5,025
-  $	-
-  $	-
-  $	-

Excess (Deficiency) of Revenues over Expenditures	$	(88,786)  $	61,692  $	272,689  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	245,595

Total Expenditures	$	89,817  $	46,767  $	54,494  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	191,078

Total Operations & Maintenance	$	48,892  $	39,174  $	46,200  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	134,265

Westside
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$  590,237.15	$	244,548.00	$	216,717.00	$ 1,071,494.97	$	83,866.00	$	121,031.50	$	256,986.72	$ 2,584,881.34	
	Net Assessments	$  554,822.92	$	229,875.12	$	203,713.98	$ 1,007,205.27	$	78,834.04	$	113,769.61	$	241,567.52	$ 2,429,788.46	
ON ROLL ASSESSMENTS		
22.83%	
9.46%	
8.38%	
41.45%	
3.24%	
4.68%	
9.94%	
100.00%	

Special Assessment Receipts Fiscal Year 2024

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	2018 Debt Service	2019 Debt Service	2019 Refund Debt Service	2019 Parcel k Debt Service	2022 AA1
Debt Service	2022 AA2
Debt Service	
Total	

11/10/23	
ACH	
$4,902.47	
$0.00	
($98.05)	
$0.00	
$4,804.42	
$1,097.05	
$454.53	
$402.80	
$1,991.55	
$155.88	
$224.96	
$477.65	
$4,804.42	
11/24/23	ACH	$495,062.89	($19,801.79)	($9,505.22)	$0.00	$465,755.88	$106,351.66	$44,063.79	$39,049.07	$193,066.92	$15,111.36	$21,808.02	$46,305.06	$465,755.88	
12/11/23	ACH	$158.35	$0.00	($3.17)	$0.00	$155.18	$35.43	$14.68	$13.01	$64.33	$5.03	$7.27	$15.43	$155.18	
12/11/23	ACH	$824.07	$0.00	($16.48)	$0.00	$807.59	$184.41	$76.40	$67.71	$334.77	$26.20	$37.81	$80.29	$807.59	
12/11/23	ACH	$1,340,274.50	$0.00	($26,805.49)	$0.00	$1,313,469.01	$299,920.23	$124,263.43	$110,121.52	$544,464.23	$42,615.26	$61,500.36	$130,583.98	$1,313,469.01	
12/22/23	ACH	$102,664.97	$0.00	($2,053.32)	$0.00	$100,611.65	$22,973.87	$9,518.57	$8,435.30	$41,705.93	$3,264.33	$4,710.92	$10,002.73	$100,611.65	
	TOTAL	$	1,943,887.25	$	(19,801.79) $	(38,481.73)	$	-	$ 1,885,603.73	$  430,562.65	$	178,391.40	$	158,089.41	$	781,627.73	$	61,178.06	$	88,289.34	$	187,465.14	$ 1,885,603.73	

78%
$	544,184.73

Net Percent Collected Balance Remaining to Collect

Section 3

District
Westside	Landowner

CORNERSTONE-ICM B-BAY LLC 07-25-27-5461-0001-0015	Total O&M

$	34,906.52

Series 2005	Total Debt

$ 150,763.00

$ 110,963.00	Total Due

$ 185,669.52	

Nov Feb May	

O&M
$ 17,453.26
$ 8,726.63
$ 8,726.63	

Debt
$ 75,381.50
$ 37,690.75
$ 37,690.75	

Total
$	92,834.76
$	46,417.38
$	46,417.38	

Paid
Paid half 1/24/24	
Series 2007	$	39,800.00	Total	$ 34,906.52	$ 150,763.00	$ 185,669.52		

Section 4

REBATE REPORT
$13,095,000
Westside Community Development District
(Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019

Dated: September 30, 2019
Delivered: September 30, 2019

Rebate Report to the Computation Date September 30, 2027
Reflecting Activity To September 30, 2023

TABLE OF CONTENTS

AMTEC Opinion	3
Summary of Rebate Computations	4
Summary of Computational Information and Definitions	5
Methodology	7
Sources and Uses	8
Arbitrage Rebate Calculation Detail Report – 2019-1 Escrow Fund	9
Arbitrage Rebate Calculation Detail Report – 2019-2 Escrow Fund	10
Arbitrage Rebate Calculation Detail Report – 2019-1 & 2019-2 Debt Service Reserve Fund	11
Arbitrage Rebate Calculation Detail Report – 2019-1 & 2019-2 Capitalized Interest Fund	13
Arbitrage Rebate Calculation Detail Report – 2019-1 & 2019-2 Cost of Issuance Fund	14
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	15

December 21, 2023

Westside Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$13,095,000 Westside Community Development District (Osceola County, Florida), Special Assessment Revenue Refunding Bonds, Series 2019

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Westside Community Development District (the “District”)

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of September 30, 2024. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

Trong M. Tran Assistant Vice President

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the September 30, 2027 Computation Date
Reflecting Activity from September 30, 2019 through September 30, 2023

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
2019-1 Escrow Fund	0.000000%	0.00	(63,319.01)	
2019-2 Escrow Fund	0.000000%	0.00	(60,945.28)	
2019-1 & 2019-2 Debt Service Reserve Fund	0.884016%	18,009.34	(163,039.60)	
2019-1 & 2019-2 Capitalized Interest Fund	0.152794%	5.78	(386.95)	
2019-1 & 2019-2 Cost of Issuance Fund	0.788033%	259.08	(2,724.32)	
Totals	0.558352%	$18,274.20	$(290,415.16)	
Bond Yield	6.432500%		
Rebate Computation Credits	(10,380.39)	
Net Rebatable Arbitrage	$(300,795.55)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from September 30, 2019, the date of the closing, to September 30, 2023, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of September 30, 2027.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between September 30, 2019 and September 30, 2023, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
September 30, 2027.

Computation Period
The period beginning on September 30, 2019, the date of the closing, and ending on September 30, 2023.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund	Account Number	
Revenue	234304000	
2005-1 Escrow Fund	Verification Report	
2007-1 Escrow Fund	Verification Report	
Cost of Issuance	234304005	
Capitalized Interest	234304001	
Sinking	234304002	
Prepayment	234304004	
Debt Service Reserve	234304003	

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of September 30, 2023, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to September 30, 2027. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on September 30, 2027, is the Rebatable Arbitrage.

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 Delivered: September 30, 2019

SOURCES	2019-1 Bonds	2019-2 Bonds	Totals	
Par Amount	$6,780,000.00	$6,315,000.00	$13,095,000.00	
Net Original Issue Discount	-5,137.55	-11,458.35	-16,595.90	
Prior Bond Monies	716,095.51	887,312.91	1,603,408.42	
Totals	$7,490,957.96	$7,190,854.56	$14,681,812.52	

USES	2019-1 Bonds	2019-2 Bonds	Totals	
Escrow Fund	$7,017,806.25	$6,754,720.00	$13,772,526.25	
Debt Service Reserve Fund	264,713.13	238,890.63	503,603.76	
Capitalized Interest Fund	22,665.09	21,278.59	43,943.68	
Cost of Issuance Fund	84,073.49	81,240.34	165,313.83	
Underwriter’s Discount	101,700.00	94,725.00	196,425.00	
Totals	$7,490,957.96	$7,190,854.56	$14,681,812.52	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 2019-1 Escrow Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)	
09/30/19	Beg Bal	-7,017,806.25	-11,645,834.05	
11/01/19	7,017,806.25	11,582,515.04	
09/30/27	TOTALS:	0.00	-63,319.01	

ISSUE DATE:	09/30/19	
REBATABLE ARBITRAGE:	
-63,319.01	
COMP DATE:	09/30/27	NET INCOME:	0.00	
BOND YIELD: 6.432500%	TAX INV YIELD:	0.000000%	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 2019-2 Escrow Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)	
09/30/19	Beg Bal	-6,754,720.00	-11,209,250.49	
11/01/19	6,754,720.00	11,148,305.21	
09/30/27	TOTALS:	0.00	-60,945.28	

ISSUE DATE:	09/30/19	
REBATABLE ARBITRAGE:	
-60,945.28	
COMP DATE:	09/30/27	NET INCOME:	0.00	
BOND YIELD: 6.432500%	TAX INV YIELD:	0.000000%	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 2019-1 & 2019-2 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)

09/30/19	Beg	Bal	-503,603.76	-835,714.98	
10/02/19			2.07	3.43	
11/04/19			64.16	105.84	
12/03/19			62.09	101.90	
01/03/20			64.16	104.74	
02/04/20			63.98	103.88	
03/03/20			52.97	85.57	
04/02/20			23.87	38.36	
05/01/20			125.01	199.89	
05/04/20			4.13	6.60	
06/02/20			4.26	6.77	
07/02/20			2.48	3.92	
08/04/20			2.34	3.68	
09/02/20			2.13	3.33	
10/02/20			2.06	3.21	
11/03/20			2.13	3.30	
12/02/20			2.06	3.17	
01/05/21			2.13	3.26	
02/02/21			2.14	3.26	
03/02/21			1.93	2.93	
04/02/21			2.14	3.23	
05/04/21			2.07	3.11	
06/02/21			2.14	3.19	
07/02/21			2.07	3.07	
08/03/21			2.14	3.16	
09/02/21			2.14	3.14	
10/04/21			2.07	3.02	
11/02/21			2.14	3.11	
12/02/21			2.07	2.99	
01/04/22			2.14	3.08	
02/02/22			2.14	3.06	
03/02/22			1.93	2.75	
04/04/22			2.17	3.07	
05/03/22			2.07	2.92	
06/02/22			2.17	3.04	
07/05/22			2.07	2.88	
08/02/22			2.14	2.97	
09/01/22			332.08	458.08	
10/04/22			620.73	851.29	
11/02/22			761.43	1,039.12	
12/02/22			806.95	1,095.45	
01/04/23			940.75	1,269.92	
02/02/23			1,000.75	1,344.28	
03/02/23			907.64	1,212.79	
04/04/23			1,224.90	1,627.53	
05/02/23			1,528.37	2,020.77	
06/02/23			1,582.16	2,080.88	
07/05/23			1,572.51	2,056.22	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 2019-1 & 2019-2 Debt Service Reserve Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)	
08/02/23	1,832.53	2,384.88	
09/05/23	2,287.72	2,960.04	
09/30/23	MMkt Bal	503,478.75	648,583.29	
09/30/23	MMkt Acc	2,213.92	2,851.98	
09/30/27	TOTALS:	18,009.34	-163,039.60	

ISSUE DATE:	09/30/19	
REBATABLE ARBITRAGE:	
-163,039.60	
COMP DATE:	09/30/27	NET INCOME:	18,009.34	
BOND YIELD: 6.432500%	TAX INV YIELD:	0.884016%	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 2019-1 & 2019-2 Capitalized Interest Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)

09/30/19	Beg	Bal	-43,943.68	-72,923.19	
10/02/19			0.18	0.30	
11/01/19			43,943.68	72,526.70	
11/04/19			5.60	9.24	
05/01/20			-255,156.88	-408,000.51	
05/01/20			255,156.88	408,000.51	
09/30/27	TOTALS:	5.78	-386.95	

ISSUE DATE:	09/30/19	
REBATABLE ARBITRAGE:	
-386.95	
COMP DATE:	09/30/27	NET INCOME:	5.78	
BOND YIELD: 6.432500%	TAX INV YIELD:	0.152794%	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 2019-1 & 2019-2 Cost of Issuance Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)

09/30/19	Beg	Bal	-165,313.83	-274,333.23	
10/01/19			73,500.00	121,949.54	
10/01/19			35,500.00	58,900.80	
10/09/19			500.00	828.42	
10/09/19			5,375.00	8,905.54	
10/16/19			1,500.00	2,482.21	
11/05/19			42,000.00	69,270.01	
09/30/23	MMkt Bal	7,166.55	9,231.98	
09/30/23	MMkt Acc	31.36	40.40	
09/30/27	TOTALS:	259.08	-2,724.32	

ISSUE DATE:	09/30/19	
REBATABLE ARBITRAGE:	
-2,724.32	
COMP DATE:	09/30/27	NET INCOME:	259.08	
BOND YIELD: 6.432500%	TAX INV YIELD:	0.788033%	

$13,095,000
Westside Community Development District (Osceola County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2019 Rebate Computation Credits

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(6.432500%)	
09/30/20	-1,760.00	-2,741.48	
09/30/21	-1,780.00	-2,602.54	
09/30/22	-1,830.00	-2,511.49	
09/30/23	-1,960.00	-2,524.88	
09/30/27	TOTALS:	-7,330.00	-10,380.39	

ISSUE DATE:	09/30/19	REBATABLE ARBITRAGE: -10,380.39 COMP DATE:	09/30/27
BOND YIELD: 6.432500%