Rhodine Road North Community Development District
Meeting Agenda November 9, 2023

Rhodine Road North
Community Development District

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

November 2, 2023

Board of Supervisors Rhodine Road North
Community Development District

Dear Board Members:

A Landowners’ Meeting and Election and a Regular Meeting of the Board of Supervisors of the Rhodine Road North Community Development District will be held Thursday, November 9, 2023 at 1:30 PM at the Holiday Inn Express & Suites, 2102 N. Park Rd., Plant City, FL 33563.

Zoom Video Link: https://us06web.zoom.us/j/88437429117
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 884 3742 9117

Following is the advance agenda for the meeting:

Landowners’ Meeting

Determination of Number of Voting Units Represented
Call to Order
Election of Chairman for the Purpose of Conducting the Landowners’ Meeting
Nominations for the Position of Supervisor
Casting of Ballots
Ballot Tabulation
Landowner’s Questions and Comments
Adjournment

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members (Seat #1, Seat #2, and Seat #5)
Consideration of Resolution 2024-01 Canvassing and Certifying the Results of the Landowners’ Election
Election of Officers
Consideration of Resolution 2024-02 Electing Officers

1 Comments will be limited to three (3) minutes
Approval of Minutes of the July 13, 2023 Board of Supervisors Meeting
Presentation of Arbitrage Rebate Report for Series 2019 Project Bonds from AMTEC
Consideration of Audit Services Engagement Letter for Fiscal Year 2023 Audit from Grau & Associates
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal for Pest Control Services from All American Lawn & Tree Specialist
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Landowners' Meeting
INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: Thursday, November 9, 2023

TIME: 1:30 P.M.

LOCATION: Holiday Inn Express & Suites, 2102 N. Park Road, Plant City, Florida 33563

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.
LANDOWNER PROXY

RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT HILLSBOROUGH COUNTY, FLORIDA
LANDOWNERS’ MEETING – [NOVEMBER 9, 2023]

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Rhodine Road North Community Development District to be held at the Holiday Inn Express & Suites, 2102 N. Park Road, Plant City, Florida 33563, on Thursday, November 9, 2023, at 1:30 p.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

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 hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner				
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes (2022), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

Board of Supervisors Meeting

SECTION 8
RESOLUTION 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNER’S ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Rhodine Road North Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Hillsborough County, Florida; and

WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within 90 days of the District’s creation and every two years following the creation of the District for the purpose of electing supervisors of the District; and

WHEREAS, such landowners meeting, the Minutes of which shall be attached hereto as Exhibit A upon approval thereof, was held on November 9, 2023, immediately prior to the meeting of the District’s Board of Supervisors, and at which the below recited persons were duly elected by virtue of the votes cast in his/her favor; and

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

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

SECTION 1.  The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as shown:

Seat 1	Votes 	

Seat 2	Votes 	

Seat 5	Votes 	

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

4 Year Term
4 Year Term

2 Year Term

Section 3.	This resolution shall become effective immediately upon its adoption.
[Signature page for Resolution 2024-01]

PASSED AND ADOPTED this 9th day of November 2023.

ATTEST:
RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Minutes of Landowner Meeting and Election

Section D
RESOLUTION 2024-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the Rhodine Road North Community Development District (hereinafter the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Hillsborough County, Florida; and

Whereas, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the
District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT:
Section 1. The following persons are elected to the offices shown: Chairperson		
Vice Chairperson		
Secretary	Jill Burns
Assistant Secretary		
Assistant Secretary		
Assistant Secretary		
Assistant Secretary	George Flint
Assistant Secretary		

Section 2. This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 9th day of November 2023.

ATTEST:	RHODINE ROAD NORTH COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

MINUTES
MINUTES OF MEETING RHODINE ROAD NORTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rhodine Road North Community Development District was held on Thursday, July 13, 2023 at 1:30 p.m. at the Holiday Inn Express & Suites, 2102 N. Park Rd., Plant City, Florida.

Present and constituting a quorum:

Brian Walsh	Chairman
Milton Andrade	Vice Chairman
Jeff Shenefield	Assistant Secretary
Garret Parkinson	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Lauren Gentry by Zoom	District Counsel, KVW Law
Clayton Smith	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. Four Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated that there were no members of the public present or joining via Zoom.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the May 11, 2023,
Board of Supervisors Meeting
Ms. Burns presented the minutes form the May 11, 2023 Board of Supervisors meeting and asked for any questions, comments, or corrections from the Board. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2024 Budget

Ms. Burns stated that this public hearing was advertised in the paper.

Ms. Burns stated that there were no members of the public present or joining via Zoom.

Consideration of Resolution 2023-04 Adopting the District’s Fiscal Year 2024 Budget and Appropriating Funds
Ms. Burns stated that Resolution 2023-04 was in the agenda package for review. She stated that they didn’t have an increase on the platted lots within the community this year. They did lower the reserve transfer to offset and work within the existing budget. They may have to increase next year, but they feel they can work within the existing budget for this year. The increased items were landscape maintenance, which will account for the additional phase that will be coming online for the new phase as well as additional streetlights for the Ridgewood South Phase. They did slight increases on the pool maintenance and janitorial to account for the extra dog waste stations and things that were added. She noted that there were a couple of line items that they were able to decrease for actuals, etc.

Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Ms. Burns asked to open the public hearing on imposition of operations and maintenance special assessments.

Ms. Burns stated that there were no members of the public present or joining via Zoom.

Consideration of Resolution 2023-05 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Burns stated that Resolution 2023-05 was included in the agenda package for review. She explained that this resolution breaks down the assessment that would be collected on the Hillsborough County tax bill. She stated that she would be happy to answer any questions.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-06
Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2024
Ms. Burns presented Resolution 2023-06 to the Board. She asked if the date, time and location schedule shown in the agenda package for Fiscal Year 2024 was good with the Board. The Board agreed.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-07
Designating a Date, Time, and Location for a Landowners’ Meeting and Election
Ms. Burns presented Resolution 2023-07 to the Board. She explained that this one did not need to be held the first Tuesday month and they could pick any date. Their regular November meeting would be November 9, 2023 at 1:30 p.m. The Board agreed to this date for the Landowners’ Meeting and Election.

SEVENTH ORDER OF BUSINESS	Acceptance of Fiscal Year 2022 Audit Report

Ms. Burns reviewed the Fiscal Year 2022 audit report with the Board. She stated that the audit report was submitted to the state by the June 30th deadline and was considered a clean audit. She asked for any questions regarding the audit report. Hearing none,

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Gentry had nothing to report to the Board.

Engineer
There being no comments, the next item followed.

Field Manager’s Report
Mr. Smith presented the Field Manager’s Report to the Board. The first item he reviewed was a developer item. He stated that the playground was adjusted to not be on the lift station parcel anymore so that the county can sign off on it. They installed two of the approved dog stations. He noted that the landscaping was a bit dry because they had not had much rain, but the vendor was going to bring in 4,000 square feet of bahia and make it work between the three entrances, the bare spot and other areas where sod needs to be done. He also stated that they would be mulching the community as well and it would be in the amenity area and the entrances. He stated that the crepe myrtles were planted and were exactly what they were looking for. He noted that people don’t turn around there anymore, and that grass had started growing again on its own, but they were going to put sod there as well. He stated that the only irrigation was right in front of the monument and none of the turf anywhere had any irrigation. He offered to get some quotes for adding irrigation. He also stated that right now they would put the sod down and let the rain do its work. The Board agreed for Mr. Smith to get some quotes. He reviewed the aquatic maintenance update stating that because it was hot and the water temperatures were up in addition to the ponds being bit low, they had some blooms that were being treated and were dying. He also updated the Board on the property conveyance stating that they were keeping an eye on it, but they had not started maintaining it yet.

District Manager’s Report
Approval of Check Register

Ms. Burns presented the check register totaling $20,930.43 for the month of May. She offered to answer any questions for the Board. There being no comments, she asked for a motion of approval.

Balance Sheet and Income Statement
Ms. Burns stated that financial statements are included in the packet for review. There was no action necessary from the Board.

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

TENTH ORDER OF BUSINESS	Supervisors Requests and Audience Comments
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section V

REBATE REPORT
$10,000,000
Rhodine Road North Community Development District
(Hillsborough County, Florida)
Special Assessment Bonds, Series 2019

Dated: June 28, 2019
Delivered: June 28, 2019

Rebate Report to the Computation Date June 28, 2027
Reflecting Activity To June 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	
Proof of Arbitrage Yield	9	
Bond Debt Service Schedule	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Escrow Account	17	
Arbitrage Rebate Calculation Detail Report – Reserve Account	18	
Arbitrage Rebate Calculation Detail Report – Interest Account	20	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Account	21	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	22	

September 15, 2023

Rhodine Road North Community Development District c/o Ms. Katie Costa
Governmental Management Services-CF, LLC 6200 Lee Vista Boulevard
Orlando, FL 32822

Re:	$10,000,000 Rhodine Road North Community Development District
(Hillsborough County, Florida), Special Assessment 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 Rhodine Road North 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 the next Report as of May 31, 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	Caitlyn C. McGovern Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the June 28, 2027 Computation Date
Reflecting Activity from June 28, 2019 through June 30, 2023

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	1.508047%	45,841.56	(131,780.89)	
Escrow Account	1.600093%	15,179.14	(40,031.04)	
Reserve Account	0.878831%	15,298.02	(85,666.87)	
Interest Account	1.337344%	3,250.38	(11,086.38)	
Cost of Issuance Account	1.807076%	299.95	(655.21)	
Totals	1.335978%	$79,869.05	$(269,220.39)	
Bond Yield	4.598748%			
Rebate Computation Credits	(9,405.86)			
Net Rebatable Arbitrage	$(278,626.25)			

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 June 28, 2019, the date of the closing, to June 30, 2023, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of June 28, 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 June 28, 2019 and June 30, 2023, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, 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.

In accordance with Page C-1 of the Arbitrage and Tax Certificate, Exhibit C (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is June 28, 2027.
DEFINITIONS

Computation Date
June 28, 2027.

Computation Period
The period beginning on June 28, 2019, the date of the closing, and ending on June 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:

Accounts	Account Number	
Revenue	243788000	
Interest	243788001	
Sinking	243788002	
Reserve	243788003	
Prepayment	243788004	
Acquisition & Construction	243788005	
Escrow Subaccount	243788006	
Cost of Issuance	243788007	

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 June 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 June 28, 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 June 28, 2027, is the Rebatable Arbitrage.
$10,000,000
Rhodine Road North Community Development District (Hillsborough County, Florida)
Special Assessment Bonds, Series 2019 Delivered: June 28, 2019

Par Amount	$10,000,000.00	
Total	$10,000,000.00	

Acquisition & Construction Account	$ 6,350,600.00	
Escrow Account	2,235,000.00	
Reserve Account	618,187.50	
Interest Account	377,487.50	
Cost of Issuance Account	218,725.00	
Underwriter’s Discount	200,000.00	
Total	$10,000,000.00	

PROOF OF ARBITRAGE YIELD
$10,000,000
Rhodine Road North Community Development District (Hillsborough County, Florida)
Special Assessment Bonds, Series 2019

Date	

Debt Service	Present Value to 06/28/2019
@ 4.5987479559%	
11/01/2019	153,237.50	150,875.43	
05/01/2020	224,250.00	215,830.56	
11/01/2020	224,250.00	210,979.36	
05/01/2021	394,250.00	362,582.00	
11/01/2021	221,275.00	198,927.08	
05/01/2022	396,275.00	348,245.30	
11/01/2022	218,212.50	187,454.23	
05/01/2023	403,212.50	338,591.94	
11/01/2023	214,975.00	176,464.61	
05/01/2024	404,975.00	324,956.25	
11/01/2024	211,650.00	166,012.95	
05/01/2025	406,650.00	311,796.69	
11/01/2025	207,750.00	155,710.82	
05/01/2026	412,750.00	302,407.01	
11/01/2026	203,650.00	145,853.29	
05/01/2027	418,650.00	293,096.02	
11/01/2027	199,350.00	136,427.55	
05/01/2028	419,350.00	280,536.59	
11/01/2028	194,950.00	127,486.19	
05/01/2029	424,950.00	271,646.90	
11/01/2029	190,350.00	118,945.17	
05/01/2030	430,350.00	262,871.06	
11/01/2030	185,550.00	110,792.14	
05/01/2031	435,550.00	254,221.94	
11/01/2031	179,925.00	102,658.18	
05/01/2032	439,925.00	245,362.23	
11/01/2032	174,075.00	94,905.74	
05/01/2033	449,075.00	239,332.67	
11/01/2033	167,887.50	87,463.83	
05/01/2034	452,887.50	230,636.21	
11/01/2034	161,475.00	80,383.97	
05/01/2035	461,475.00	224,563.61	
11/01/2035	154,725.00	73,600.15	
05/01/2036	469,725.00	218,418.25	
11/01/2036	147,637.50	67,107.18	
05/01/2037	472,637.50	210,003.96	
11/01/2037	140,325.00	60,948.27	
05/01/2038	480,325.00	203,933.49	
11/01/2038	132,675.00	55,064.22	
05/01/2039	492,675.00	199,879.35	
11/01/2039	124,575.00	49,404.36	
05/01/2040	499,575.00	193,669.91	
11/01/2040	116,137.50	44,010.97	
05/01/2041	506,137.50	187,492.55	
11/01/2041	106,875.00	38,700.68	
05/01/2042	516,875.00	182,959.54	
11/01/2042	97,137.50	33,611.16	
05/01/2043	527,137.50	178,298.42	
11/01/2043	86,925.00	28,740.57	
05/01/2044	536,925.00	173,536.67	
11/01/2044	76,237.50	24,086.48	
05/01/2045	551,237.50	170,243.46	
11/01/2045	64,956.25	19,610.09	
05/01/2046	559,956.25	165,249.38	
11/01/2046	53,200.00	15,347.03	
05/01/2047	573,200.00	161,638.93	
11/01/2047	40,850.00	11,260.53	
05/01/2048	585,850.00	157,862.97	

PROOF OF ARBITRAGE YIELD
$10,000,000
Rhodine Road North Community Development District (Hillsborough County, Florida)
Special Assessment Bonds, Series 2019
Present Value to 06/28/2019
Date	Debt Service  @ 4.5987479559%

11/01/2048	27,906.25	7,350.59
05/01/2049	602,906.25	155,237.87
11/01/2049	14,250.00	3,586.66
05/01/2050	614,250.00	151,128.75

19,056,962.50	10,000,000.00

Proceeds Summary

Delivery date	06/28/2019	
Par Value	10,000,000.00	
Target for yield calculation	10,000,000.00	

BOND DEBT SERVICE
$10,000,000
Rhodine Road North Community Development District (Hillsborough County, Florida)
Special Assessment Bonds, Series 2019

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
06/28/2019						
11/01/2019			153,237.50	153,237.50		
05/01/2020			224,250.00	224,250.00	377,487.50	
11/01/2020			224,250.00	224,250.00		
05/01/2021	170,000	3.500%	224,250.00	394,250.00	618,500.00	
11/01/2021			221,275.00	221,275.00		
05/01/2022	175,000	3.500%	221,275.00	396,275.00	617,550.00	
11/01/2022			218,212.50	218,212.50		
05/01/2023	185,000	3.500%	218,212.50	403,212.50	621,425.00	
11/01/2023			214,975.00	214,975.00		
05/01/2024	190,000	3.500%	214,975.00	404,975.00	619,950.00	
11/01/2024			211,650.00	211,650.00		
05/01/2025	195,000	4.000%	211,650.00	406,650.00	618,300.00	
11/01/2025			207,750.00	207,750.00		
05/01/2026	205,000	4.000%	207,750.00	412,750.00	620,500.00	
11/01/2026			203,650.00	203,650.00		
05/01/2027	215,000	4.000%	203,650.00	418,650.00	622,300.00	
11/01/2027			199,350.00	199,350.00		
05/01/2028	220,000	4.000%	199,350.00	419,350.00	618,700.00	
11/01/2028			194,950.00	194,950.00		
05/01/2029	230,000	4.000%	194,950.00	424,950.00	619,900.00	
11/01/2029			190,350.00	190,350.00		
05/01/2030	240,000	4.000%	190,350.00	430,350.00	620,700.00	
11/01/2030			185,550.00	185,550.00		
05/01/2031	250,000	4.500%	185,550.00	435,550.00	621,100.00	
11/01/2031			179,925.00	179,925.00		
05/01/2032	260,000	4.500%	179,925.00	439,925.00	619,850.00	
11/01/2032			174,075.00	174,075.00		
05/01/2033	275,000	4.500%	174,075.00	449,075.00	623,150.00	
11/01/2033			167,887.50	167,887.50		
05/01/2034	285,000	4.500%	167,887.50	452,887.50	620,775.00	
11/01/2034			161,475.00	161,475.00		
05/01/2035	300,000	4.500%	161,475.00	461,475.00	622,950.00	
11/01/2035			154,725.00	154,725.00		
05/01/2036	315,000	4.500%	154,725.00	469,725.00	624,450.00	
11/01/2036			147,637.50	147,637.50		
05/01/2037	325,000	4.500%	147,637.50	472,637.50	620,275.00	
11/01/2037			140,325.00	140,325.00		
05/01/2038	340,000	4.500%	140,325.00	480,325.00	620,650.00	
11/01/2038			132,675.00	132,675.00		
05/01/2039	360,000	4.500%	132,675.00	492,675.00	625,350.00	
11/01/2039			124,575.00	124,575.00		
05/01/2040	375,000	4.500%	124,575.00	499,575.00	624,150.00	
11/01/2040			116,137.50	116,137.50		
05/01/2041	390,000	4.750%	116,137.50	506,137.50	622,275.00	
11/01/2041			106,875.00	106,875.00		
05/01/2042	410,000	4.750%	106,875.00	516,875.00	623,750.00	
11/01/2042			97,137.50	97,137.50		
05/01/2043	430,000	4.750%	97,137.50	527,137.50	624,275.00	
11/01/2043			86,925.00	86,925.00		
05/01/2044	450,000	4.750%	86,925.00	536,925.00	623,850.00	
11/01/2044			76,237.50	76,237.50		
05/01/2045	475,000	4.750%	76,237.50	551,237.50	627,475.00	
11/01/2045			64,956.25	64,956.25		
05/01/2046	495,000	4.750%	64,956.25	559,956.25	624,912.50	
11/01/2046			53,200.00	53,200.00		
05/01/2047	520,000	4.750%	53,200.00	573,200.00	626,400.00	
11/01/2047			40,850.00	40,850.00		
05/01/2048	545,000	4.750%	40,850.00	585,850.00	626,700.00	

BOND DEBT SERVICE
$10,000,000
Rhodine Road North Community Development District (Hillsborough County, Florida)
Special Assessment Bonds, Series 2019

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2048			27,906.25	27,906.25		
05/01/2049	575,000	4.750%	27,906.25	602,906.25	630,812.50	
11/01/2049			14,250.00	14,250.00		
05/01/2050	600,000	4.750%	14,250.00	614,250.00	628,500.00	
	10,000,000		9,056,962.50	19,056,962.50	19,056,962.50	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)

06/28/19	Beg	Bal	-6,350,600.00	-9,136,552.96	
07/25/19			15,000.00	21,506.91	
07/25/19			55,168.80	79,100.68	
07/25/19			1,825.10	2,616.82	
07/25/19			470.00	673.88	
07/29/19			111,826.23	160,254.77	
08/15/19			6,000.00	8,581.06	
08/15/19			910.00	1,301.46	
08/15/19			28,665.50	40,996.73	
08/15/19			560,897.54	802,182.55	
08/20/19			472,770.22	675,718.08	
08/20/19			105,808.34	151,229.09	
08/20/19			25,482.00	36,420.75	
08/20/19			22,195.00	31,722.73	
08/20/19			15,612.04	22,313.88	
08/20/19			37,054.00	52,960.31	
08/20/19			290.00	414.49	
08/20/19			27,821.98	39,765.23	
08/27/19			20,073.35	28,664.96	
09/06/19			16,792.18	23,952.17	
09/11/19			190,321.92	271,301.62	
09/11/19			1,237.50	1,764.04	
09/11/19			49,958.16	71,214.76	
09/11/19			36,642.00	52,232.73	
09/11/19			1,042.50	1,486.07	
09/11/19			41,439.00	59,070.80	
09/11/19			326.50	465.42	
09/11/19			9,000.00	12,829.39	
09/16/19			382,121.84	544,366.24	
09/25/19			3,063.00	4,358.56	
09/25/19			2,911.60	4,143.12	
09/25/19			50,290.16	71,561.38	
09/25/19			38,056.19	54,152.81	
10/24/19			186,269.20	264,086.43	
10/24/19			319,260.24	452,636.81	
10/24/19			3,000.00	4,253.30	
10/24/19			3,000.00	4,253.30	
10/24/19			21,413.80	30,359.79	
10/29/19			11,769.80	16,676.31	
10/29/19			23,288.00	32,996.13	
10/29/19			1,120.00	1,586.90	
10/29/19			5,950.00	8,430.39	
10/29/19			3,000.00	4,250.62	
11/08/19			614,389.54	869,522.75	
11/13/19			3,000.00	4,243.11	
11/14/19			-2,030,000.00	-2,870,807.51	
11/15/19			860.00	1,216.05	
11/15/19			5,330.00	7,536.69	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
11/15/19	1,425.00	2,014.97	
11/15/19	590.00	834.27	
11/18/19	4,248.25	6,004.80	
11/18/19	99,379.30	140,470.32	
11/18/19	3,802.84	5,375.23	
11/18/19	956.54	1,352.05	
11/18/19	1,879.60	2,656.77	
11/18/19	11,050.00	15,618.92	
11/20/19	53,392.23	75,449.61	
11/20/19	9,509.30	13,437.78	
11/22/19	3,000.00	4,238.29	
11/26/19	2,824.00	3,987.63	
12/05/19	541,963.73	764,410.09	
12/05/19	5,672.50	8,000.75	
12/09/19	3,000.00	4,229.20	
12/12/19	1,120.00	1,578.30	
12/12/19	12,950.00	18,249.12	
12/12/19	13,752.60	19,380.15	
12/12/19	24,848.44	35,016.39	
12/17/19	2,747.50	3,869.33	
12/19/19	3,000.00	4,223.86	
12/31/19	10,945.28	15,389.05	
12/31/19	26,161.00	36,782.33	
01/14/20	3,000.00	4,210.54	
01/14/20	195.00	273.69	
01/14/20	2,679.99	3,761.41	
01/14/20	9,804.00	13,760.06	
01/14/20	893,068.06	1,253,434.37	
01/21/20	22,581.00	31,664.76	
01/22/20	2,308.60	3,236.88	
01/22/20	660.00	925.38	
01/22/20	3,000.00	4,206.29	
01/22/20	48,908.49	68,574.48	
01/22/20	17,695.45	24,810.75	
01/22/20	12,599.00	17,665.03	
01/22/20	15,355.00	21,529.21	
01/28/20	1,307.00	1,831.15	
01/28/20	4,426.00	6,200.98	
02/13/20	-660.00	-922.93	
02/25/20	679,483.94	948,740.40	
02/25/20	3,000.00	4,188.80	
02/28/20	122.96	171.62	
02/28/20	7,527.25	10,506.06	
02/28/20	71,742.59	100,133.80	
02/28/20	9,456.41	13,198.66	
02/28/20	105,535.00	147,299.12	
02/28/20	857.29	1,196.55	
02/28/20	979.50	1,367.12	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
02/28/20	3,531.00	4,928.35	
02/28/20	1,111,869.57	1,551,877.70	
02/28/20	6,000.00	8,374.42	
02/28/20	229,232.96	319,948.97	
03/12/20	3,000.00	4,179.81	
03/16/20	1,081.86	1,506.56	
03/18/20	26,030.24	36,239.72	
03/26/20	3,349.93	4,659.12	
03/26/20	34.25	47.64	
04/14/20	549,763.65	762,880.61	
04/14/20	3,000.00	4,162.96	
04/14/20	55,418.05	76,900.97	
04/14/20	51,030.00	70,811.88	
04/14/20	3,150.72	4,372.10	
04/14/20	259.36	359.90	
04/14/20	1,058.20	1,468.41	
05/14/20	33,028.00	45,658.05	
05/19/20	20,433.23	28,229.15	
05/19/20	771.00	1,065.16	
05/19/20	18,050.00	24,936.64	
05/19/20	4,774.00	6,595.43	
05/19/20	1,444.00	1,994.93	
05/19/20	900.00	1,243.38	
05/19/20	900.00	1,243.38	
05/19/20	6,000.00	8,289.19	
06/11/20	-449,231.27	-618,905.14	
06/12/20	384,117.76	529,131.54	
06/12/20	70,545.00	97,177.45	
07/22/20	-552,520.79	-757,275.48	
07/22/20	9,000.00	12,335.24	
07/22/20	56,863.96	77,936.76	
07/22/20	79,929.36	109,549.80	
07/22/20	9,834.00	13,478.31	
07/22/20	6,253.00	8,570.25	
07/22/20	390,966.65	535,852.15	
08/20/20	-852,951.61	-1,164,914.00	
08/21/20	754,820.36	1,030,761.59	
08/21/20	18,425.00	25,160.67	
08/21/20	17,346.26	23,687.57	
08/21/20	18,205.99	24,861.59	
08/21/20	41,154.00	56,198.75	
08/21/20	3,000.00	4,096.72	
09/08/20	-23,688.50	-32,278.97	
09/09/20	2,756.00	3,754.97	
09/09/20	1,031.00	1,404.71	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
09/09/20	18,900.00	25,750.71	
09/09/20	1,001.50	1,364.51	
06/28/27	TOTALS:	45,841.56	-131,780.89	

ISSUE DATE:	06/28/19	
REBATABLE ARBITRAGE:	
-131,780.89	
COMP DATE:	06/28/27	NET INCOME:	45,841.56	
BOND YIELD: 4.598748%	TAX INV YIELD:	1.508047%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
06/28/19	Beg Bal	-2,235,000.00	-3,215,475.05	
11/14/19	2,030,000.00	2,870,807.51	
04/27/20	15,177.88	21,027.06	
05/08/20	205,001.26	283,609.44	
06/28/27	TOTALS:	15,179.14	-40,031.04	

ISSUE DATE:	06/28/19	
REBATABLE ARBITRAGE:	
-40,031.04	
COMP DATE:	06/28/27	NET INCOME:	15,179.14	
BOND YIELD: 4.598748%	TAX INV YIELD:	1.600093%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)

06/28/19	Beg	Bal	-618,187.50	-889,380.98	
07/02/19			100.48	144.49	
08/02/19			1,018.87	1,459.56	
09/04/19			904.91	1,291.08	
10/02/19			859.31	1,221.69	
11/04/19			770.91	1,091.59	
12/03/19			658.39	928.86	
01/03/20			646.19	908.20	
02/04/20			627.78	878.88	
03/03/20			585.58	816.80	
04/02/20			254.95	354.32	
05/04/20			3.09	4.28	
05/05/20			12,672.85	17,538.93	
06/02/20			3.11	4.29	
06/04/20			1,395.94	1,924.89	
07/02/20			2.97	4.08	
08/03/20			3.08	4.22	
09/02/20			3.08	4.20	
09/21/20			956.21	1,300.84	
09/21/20			89,690.61	122,015.81	
10/02/20			2.82	3.83	
11/02/20			90,646.82	122,679.74	
11/03/20			2.62	3.55	
12/02/20			2.10	2.83	
12/31/20			-89,690.61	-120,499.70	
01/05/21			2.17	2.91	
02/02/21			2.61	3.49	
03/02/21			2.36	3.15	
04/02/21			2.61	3.47	
05/04/21			2.54	3.36	
06/02/21			2.61	3.44	
07/02/21			2.52	3.31	
08/02/21			1,553.18	2,031.57	
08/03/21			2.61	3.41	
09/02/21			2.61	3.40	
10/04/21			2.51	3.26	
11/02/21			2.60	3.36	
11/04/21			1,000.00	1,292.90	
11/04/21			1,970.64	2,547.84	
11/04/21			253,010.61	327,117.19	
12/02/21			1.39	1.79	
12/30/21			0.03	0.04	
01/04/22			1.30	1.67	
02/02/22			1.30	1.66	
03/02/22			1.17	1.49	
04/04/22			1.31	1.66	
05/02/22			962.50	1,216.75	
05/02/22			1.25	1.58	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
06/02/22	64.03	80.64	
07/05/22	146.22	183.38	
07/06/22	306.25	384.03	
08/02/22	255.02	318.74	
09/02/22	384.10	478.26	
10/04/22	438.77	544.13	
11/02/22	574.69	710.17	
12/02/22	700.36	862.19	
01/04/23	791.26	970.17	
02/02/23	842.49	1,029.33	
03/02/23	807.52	982.88	
04/04/23	912.81	1,106.55	
05/02/23	921.78	1,113.48	
06/02/23	1,002.79	1,206.76	
06/30/23	MMkt Acc	970.44	1,163.70	
06/30/23	MMkt Bal	253,712.50	304,239.76	
06/28/27	TOTALS:	15,298.02	-85,666.87	

ISSUE DATE:	06/28/19	
REBATABLE ARBITRAGE:	
-85,666.87	
COMP DATE:	06/28/27	NET INCOME:	15,298.02	
BOND YIELD: 4.598748%	TAX INV YIELD:	0.878831%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)

06/28/19	Beg	Bal	-377,487.50	-543,087.98	
07/02/19			61.36	88.23	
08/02/19			622.16	891.26	
09/04/19			552.57	788.38	
10/02/19			524.73	746.02	
11/01/19			153,237.51	217,063.18	
11/04/19			470.74	666.56	
12/03/19			-3,502.07	-4,940.73	
12/03/19			238.83	336.94	
01/03/20			237.82	334.25	
02/04/20			231.29	323.80	
03/03/20			215.74	300.93	
04/02/20			93.93	130.54	
05/01/20			224,250.00	310,513.55	
05/04/20			1.14	1.58	
06/02/20			0.02	0.03	
07/02/20			0.02	0.03	
08/03/20			2,615.63	3,579.96	
08/04/20			0.02	0.03	
09/02/20			0.01	0.01	
11/02/20			-219,018.76	-296,415.97	
11/02/20			219,018.76	296,415.97	
02/01/21			290.63	388.94	
05/03/21			-185,229.20	-245,020.21	
05/03/21			185,825.00	245,808.33	
06/28/27	TOTALS:	3,250.38	-11,086.38		

ISSUE DATE:	
06/28/19	
REBATABLE ARBITRAGE:	
-11,086.38		
COMP DATE:	06/28/27	NET INCOME:	3,250.38		
BOND YIELD:	4.598748%	TAX INV YIELD:	1.337344%		

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
06/28/19	-218,725.00	-314,677.75	
06/28/19	63,000.00	90,637.55	
06/28/19	50,000.00	71,934.56	
06/28/19	30,000.00	43,160.74	
06/28/19	5,000.00	7,193.46	
07/05/19	5,375.00	7,726.13	
07/11/19	1,250.00	1,795.41	
09/27/19	60,897.88	86,633.96	
12/03/19	3,502.07	4,940.73	
06/28/27	TOTALS:	299.95	-655.21	

ISSUE DATE:	06/28/19	
REBATABLE ARBITRAGE:	
-655.21	
COMP DATE:	06/28/27	NET INCOME:	299.95	
BOND YIELD: 4.598748%	TAX INV YIELD:	1.807076%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.598748%)	
06/28/20	-1,760.00	-2,419.55	
06/28/21	-1,780.00	-2,338.28	
06/28/22	-1,830.00	-2,297.11	
06/28/23	-1,960.00	-2,350.93	
06/28/27	TOTALS:	-7,330.00	-9,405.86	

ISSUE DATE:	06/28/19	REBATABLE ARBITRAGE: -9,405.86 COMP DATE:	06/28/27
BOND YIELD: 4.598748%

Section VI

September 19, 2023 Board of Supervisors
Rhodine Road North Community Development District 219 East Livingston Street
Orlando, FL 32801
951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We are pleased to confirm our understanding of the services we are to provide Rhodine Road North Community Development District, Hillsborough County, Florida (“the District”) for the fiscal year ended September 30, 2023. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Rhodine Road North Community Development District as of and for the fiscal year ended September 30, 2023. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2023 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524.

Our fee for these services will not exceed $6,700 for the September 30, 2023 audit, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued. This agreement is automatically renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.

We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out- of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2023 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Rhodine Road North Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau RESPONSE:
This letter correctly sets forth the understanding of Rhodine Road North Community Development District.

 	

Section VII

Section C

November 9th, 2023 Clayton Smith Field Manager
GMS

Section 1

Estimate Date: 10/16/2023 Estimate Number: 5283

Hello *Governmental Management Services,

Your estimate for service at 12038 Downy Birch Dr is as follows:

	Estimate Description	Quantity	Rate	Amount	
	Monthly Pest Prevention - For the amenity center	1	1440.00	1440.00	
	Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest Prevention
Monthly Pest (Com) for the Playground

Quarterly Pest Prevention
Quarterly Pest Prevention
Quarterly Pest Prevention
Quarterly Pest Prevention				
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	120.00	120.00	
					
		1	240.00	240.00	
					
		1	60.00	60.00	
					
		1	60.00	60.00	
					
		1	60.00	60.00	
					
		1	60.00	60.00	
					
	Subtotal
Total	$1,680.00
$1,806.00			

Press the button below to sign your agreement and accept services
Terms and Conditions: Applicable to all recurring services: This is a one year agreement automatically renewing itself for a like period. American Lawn & Tree Specialist is hereby authorized and agrees to provide service as noted above. All American Lawn & Tree Specialist is not responsible for plant or sod replacement. The customer agrees to provide proper watering and other maintenance and also to make the premise available to accept service as scheduled (Customer is not required to be present at time of service). This agreement can be cancelled by either party with notice. This estimate is valid for 90 days.

Payment Options: Payments by cash and check are accepted. Credit card payments are available upon request with an additional 3% processing fee. Payment by ACH transfer is available upon request with no additional fee.

Section D

Section 1

Summary of Check Register

June 1, 2023 to October 27, 2023

General Fund					
	6/6/23	488 - 490	$	3,007.48	
	6/13/23	491 - 494	$	10,422.01	
	6/20/23	495 - 496	$	2,414.61	
	6/27/23	497 - 499	$	11,891.33	
	7/5/23	500 - 501	$	5,138.00	
	7/18/23	502 - 504	$	7,539.81	
	7/24/23	505 - 510	$	11,752.13	
	8/15/23	511 - 513	$	2,865.01	
	8/21/23	514 - 516	$	13,302.58	
	9/1/23	517 - 520	$	8,682.13	
	9/12/23	521 - 522	$	6,475.44	
	9/26/23	523 - 528	$	43,585.32	
	10/19/23	529 - 536	$	39,611.66	
		Total Amount	$	166,687.51	
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/06/23 00017	6/01/23 15652	202306 320-53800-46400	*	1,535.23
INSTALL/REPAIR NEW PIPES
6/01/23 15653	202306 320-53800-46400	*	839.25
INSTALL PIPE
CARDINAL LANDSCAPING SVCS OF TAMPA	2,374.48 000488
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/23 00036	5/01/23 29-BID-6 202305 330-57200-49000	*	275.00
POOL PERMIT 29-60-2093126
FLORIDA DEPARTMENT OF HEALTH	275.00 000489
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/23 00033	5/15/23 6628	202304 310-51300-31500	*	358.00
GENERAL COUNSEL APR 23
KILINSKI/VAN WYK, PLLC	358.00 000490
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/23 00010	4/30/23 125	202304 320-53800-48000	*	2,375.69
GENERAL MAINT APR 23
6/01/23 123	202306 310-51300-34000	*	3,062.50
MANAGEMENT FEES JUNE 23
6/01/23 123	202306 310-51300-35200	*	100.00
WEBSITE ADMIN JUNE 23
6/01/23 123	202306 310-51300-35100	*	150.00
INFORMATION TECH JUNE 23
6/01/23 123	202306 310-51300-31300	*	500.00
DISSEMINATION SVC JUNE 23
6/01/23 123	202306 330-57200-12000	*	416.67
AMENITY ACCESS JUNE 23
6/01/23 123	202306 310-51300-51000	*	3.43
OFFICE SUPPLIES JUNE 23
6/01/23 123	202306 310-51300-42000	*	145.72
POSTAGE JUNE 23
6/01/23 124	202306 320-53800-12000	*	1,312.50
FIELD MANAGEMENT JUNE 23
GOVERNMENTAL MANAGEMENT SERVICES	8,066.51 000491
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/23 00042	5/26/23 0211	202305 330-57200-48200	*	570.50
CLEANING MAY 2023
JNJ CLEANING SERVICES LLC	570.50 000492
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/23 00022	6/05/23 116151	202306 320-53800-47300	*	765.00
LAKE MAINTENANCE JUNE 23
REMSON AQUATICS	765.00 000493
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/23 00040	6/01/23 9388	202306 330-53800-51000	*	1,020.00
POOL MAINTENANCE JUNE 23
SUNCOAST POOL SERVICE	1,020.00 000494
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RRNC RHODINE ROAD N MBYINGTON
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/20/23 00033	6/14/23 6816	202305 310-51300-31500	*	1,210.10
GENERAL COUNSEL MAY 23
KILINSKI/VAN WYK, PLLC	1,210.10 000495
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/23 00027	6/20/23 06202023 202306 300-15500-10000	*	1,204.51
PLAYGROUND LEASE JULY 23
WHFS, LLC	1,204.51 000496
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/23 00017	6/20/23 15756	202306 320-53800-46200	*	6,720.83
LANDSCAPE MAINT JUNE 23
CARDINAL LANDSCAPING SVCS OF TAMPA	6,720.83 000497
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/23 00016	5/02/23 24106	202305 310-51300-32200	*	4,600.00
AUDIT FYE 9/30/22
GRAU AND ASSOCIATES	4,600.00 000498
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/23 00042	6/26/23 0228	202306 330-57200-48200	*	570.50
JANITORIAL SVCS JUNE 23
JNJ CLEANING SERVICES LLC	570.50 000499
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/05/23 00017	6/09/23 15700	202306 320-53800-46300	*	4,235.00
INSTALL PURPLE CRAPE
CARDINAL LANDSCAPING SVCS OF TAMPA	4,235.00 000500
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/05/23 00008	6/28/23 00002908 202306 310-51300-48000	*	903.00
NOT BUDGET MTG 6/21/23
TIMES PUBLISHING COMPANY	903.00 000501
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
126	202307 310-51300-34000	*	3,062.50
MANAGEMENT FEES JULY 23
126	202307 310-51300-35200	*	100.00
WEBSITE ADMIN JULY 23
126	202307 310-51300-35100	*	150.00
INFORMATION TECH JULY 23
126	202307 310-51300-31300	*	500.00
DISSEMINATION SVC JULY 23
126	202307 330-57200-12000	*	416.67
AMENITY ACCESS JULY 23
7/01/23 126	202307 310-51300-51000	*	.78
OFFICE SUPPLIES JULY 23
7/01/23 126	202307 310-51300-42000	*	107.54
POSTAGE JULY 23
7/01/23 127	202307 320-53800-12000	*	1,312.50
FIELD MANAGEMENT JULY 23
7/01/23 127	202307 320-53800-49000	*	104.82
HOLIDAY INN MEETING ROOM
GOVERNMENTAL MANAGEMENT SERVICES	5,754.81 000502
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RRNC RHODINE ROAD N MBYINGTON
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/18/23 00022	7/01/23 116246	202307 320-53800-47300	*	765.00
LAKE MAINT JULY 23
REMSON AQUATICS	765.00 000503
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00040	7/01/23 9476	202307 330-53800-51000	*	1,020.00
POOL MAINTENANCE JULY 23
SUNCOAST POOL SERVICE	1,020.00 000504
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/24/23 00031	7/13/23 BW071320 202307 310-51300-11000	*	200.00
BOS MEETING 7/13/23
BRIAN WALSH	200.00 000505
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/24/23 00017	7/18/23 157315	202307 320-53800-46300	*	3,900.00
INSTALLED PINE BARK
7/24/23 24568	202307 320-53800-46200	*	6,720.13
LANDSCAPE MAINT JULY 23
CARDINAL LANDSCAPING SVCS OF TAMPA	10,620.13 000506
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/24/23 00034	7/13/23 GP071320 202307 310-51300-11000	*	200.00
BOS MEETING 7/13/23
GARRET PARKINSON	200.00 000507
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/24/23 00038	7/13/23 JS071320 202307 310-51300-11000	*	200.00
BOS MEETING 7/13/23
JEFFREY SHENEFIELD	200.00 000508
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/24/23 00033	7/16/23 7003	202306 310-51300-31500	*	332.00
GENERAL COUNSEL JUNE 23
KILINSKI/VAN WYK, PLLC	332.00 000509
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/24/23 00026	7/13/23 MA071320 202307 310-51300-11000	*	200.00
BOS MEETING 7/13/23
MILTON ANDRADE	200.00 000510
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/15/23 00042	7/24/23 0246	202307 330-57200-48200	*	640.50
JANITORIAL SVCS JULY 23
JNJ CLEANING SERVICES LLC	640.50 000511
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/15/23 00040	8/01/23 9557	202308 330-53800-51000	*	1,020.00
POOL MAINTENANCE AUG 23
SUNCOAST POOL SERVICE	1,020.00 000512
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/15/23 00027	8/15/23 08152023 202308 330-53800-52000	*	1,204.51
PLAYGROUND LEASE AUG 23
WHFS, LLC	1,204.51 000513
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RRNC RHODINE ROAD N MBYINGTON
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/21/23 00010	6/30/23 130	202308 330-57200-48000
GENERAL MAINTENANCE JUN23 8/01/23 128	202308 310-51300-34000
MANAGEMENT FEES AUG 23
8/01/23 128	202308 310-51300-35200
WEBSITE ADMIN AUG 23
8/01/23 128	202308 310-51300-35100
INFORMATION TECH AUG 23 8/01/23 128	202308 310-51300-31300
DISSEMINATIN SVC AUG 23 8/01/23 128	202308 330-57200-12000
AMENITY ACCESS AUG 23
8/01/23 128	202308 310-51300-51000
OFFICE SUPPLIES AUG 23
8/01/23 128	202308 310-51300-42000
POSTAGE AUG 23
8/01/23 129	202308 320-53800-12000
FIELD MANAGEMENT AUG 23 8/01/23 129	202308 320-53800-49000
MEETING ROOM AUG 23
GOVERNMENTAL MANAGEMENT SERVICES	8,380.68 000514
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/21/23 00023	7/25/23 7000547	202307 310-51300-32300	*	929.34
TRUSTEE FEE FY23
7/25/23 7000547	202307 300-15500-10000	*	2,788.04
TRUSTEE FEE FY24
U.S. BANK	3,717.38 000515
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/21/23 00027	8/17/23 08172023 202308 300-15500-10000	*	1,204.52
PLAYGROUND LEASE SEPT 23
WHFS, LLC	1,204.52 000516
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/23 00017	8/21/23 24620	202308 320-53800-46200	*	6,720.13
LANDSCAPE MAINT AUG 23
CARDINAL LANDSCAPING SVCS OF TAMPA	6,720.13 000517
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/23 00042	8/26/23 0263	202308 330-57200-48200	*	640.50
JANITORIAL SVCS AUG 23
JNJ CLEANING SERVICES LLC	640.50 000518
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/23 00033	8/18/23 7235	202307 310-51300-31500	*	556.50
GENERAL COUNSEL JULY 23
KILINSKI/VAN WYK, PLLC	556.50 000519
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/23 00022	8/03/23 116343	202308 320-53800-47300	*	765.00
LAKE MAINT AUG 23
REMSON AQUATICS	765.00 000520
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
132	202309 310-51300-34000
MANAGEMENT FEES SEPT 23
132	202309 310-51300-35200
WEBSITE ADMIN SEPT 23
132	202309 310-51300-35100
INFORMATION TECH SEPT 23
132	202309 310-51300-31300
DISSEMINATION SVC SEPT 23
132	202309 330-57200-12000
AMENITY ACCESS SEPT 23
132	202309 310-51300-51000
OFFICE SUPPLIES SEPT 23
132	202309 310-51300-42000
POSTAGE SEPT 23
133	202309 320-53800-12000
FIELD MANAGEMENT SEPT 23
133	202309 320-53800-49000
MEETING ROOM AUG 23
GOVERNMENTAL MANAGEMENT SERVICES	5,710.44 000521
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/12/23 00022	9/04/23 116428	202309 320-53800-47300	*	765.00
LAKE MAINTENANCE SEPT 23
REMSON AQUATICS	765.00 000522
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/23 00024	9/15/23 6169-09- 202309 310-51300-31200	*	450.00
ARBITRAGE SER2019
AMTEC	450.00 000523
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/23 00010	7/31/23 131	202307 330-57200-48000	*	407.31
AMENITY GEN MAIN JULY 23
GOVERNMENTAL MANAGEMENT SERVICES	407.31 000524
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/23 00044	9/21/23 09212023 202309 300-58100-10000	*	40,000.00
FY23 CAPITAL RESERVE TSFR
RHODINE ROAD NORTH CDD	40,000.00 000525
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/23 00040	9/02/23 9642	202309 330-53800-51000	*	1,020.00
POOL MAINTENANCE SEPT 23
SUNCOAST POOL SERVICE	1,020.00 000526
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/23 00008	9/13/23 00003046 202309 310-51300-48000	*	503.50
NOT FY24 MTG DATES 9/13
TIMES PUBLISHING COMPANY	503.50 000527
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/23 00027	9/19/23 09192023 202309 300-15500-10000	*	1,204.51
PLAYGROUND LEASE OCT 23
WHFS, LLC	1,204.51 000528
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/19/23 00017	9/18/23 24675	202309 320-53800-46200	*	6,720.13
LANDSCAPE MAINT SEPT 23
10/09/23 24698	202310 320-53800-46200	*	1,900.00
CLEAN UP MOWING SVC
10/13/23 24707	202310 320-53800-46400	*	234.00
REPAIR LINE BREAK
CARDINAL LANDSCAPING SVCS OF TAMPA	8,854.13 000529
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/19/23 00043	9/19/23 106555	202309 330-57200-34500	*	532.60
NORTHERN 4TB HARD DRIVE
CURRENT DEMANDS ELECTRICAL &	532.60 000530
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/19/23 00007 10/02/23 89310	202310 310-51300-54000	*	175.00
SPECIAL DISTRICT FEE FY24
DEPARTMENT OF ECONOMIC OPPURTUNITY	175.00 000531
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/19/23 00009	9/21/23 20031	202310 310-51300-45000	*	16,956.00
FY24 ANNUAL INSURANCE
EGIS INSURANCE ADVISORS, LLC	16,956.00 000532
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
136	202310 310-51300-31700	*	5,300.00
ASSESSMENT ROLL CERT FY24
134	202310 310-51300-34000	*	3,246.25
MANAGEMENT FEES OCT 23
134	202310 310-51300-35200	*	106.00
WEBSITE ADMIN OCT 23
134	202310 310-51300-35100	*	159.00
INFORMATION TECH OCT 23
134	202310 310-51300-31300	*	530.00
DISSEMINATION SVC OCT 23
134	202310 330-57200-12000	*	416.67
AMENITY ACCESS OCT 23
10/01/23 134	202310 310-51300-51000	*	.33
OFFICE SUPPLIES OCT 23
10/01/23 134	202310 310-51300-42000	*	58.93
POSTAGE OCT 23
10/01/23 135	202310 320-53800-12000	*	1,391.25
FIELD MANAGEMENT OCT 23
GOVERNMENTAL MANAGEMENT SERVICES	11,208.43 000533
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/19/23 00042	9/25/23 0277	202309 330-57200-48200	*	640.50
CLEANING SEPT 23
JNJ CLEANING SERVICES LLC	640.50 000534
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/19/23 00033 10/11/23 7694	202309 310-51300-31500	*	225.00
GENERAL COUNSEL SEPT 23
KILINSKI/VAN WYK, PLLC	225.00 000535
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/19/23 00040 10/01/23 9737	202310 330-53800-51000	*	1,020.00
POOL MAINTENANCE OCT 23
SUNCOAST POOL SERVICE	1,020.00 000536
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	166,687.51
TOTAL FOR REGISTER	166,687.51

RRNC RHODINE ROAD N MBYINGTON

Section 2

Rhodine Road North
Community Development District

Unaudited Financial Reporting
September 30, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2019	

5	
	Debt Service Fund Series 2022	

6	
	Capital Projects Fund Series 2019	

7	
	Capital Projects Fund Series 2022	

8	
	Capital Reserve Fund	

9-10	
	Month to Month	

11	
	Long Term Debt Report	

12	
	Assessment Receipt Schedule	
Combined Balance Sheet September 30, 2023

Assets:
Cash:

Investments:

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Revenues:					
Assessments - Tax Roll	$	337,517	$	337,517	$	340,800	$	3,283			
Assessments - Direct Bill	$	162,446	$	162,446	$	162,445	$	(1)			
Boundary Amendment Contributions	$	-	$	-	$	335	$	335			
Other Income	$	-	$	-	$	30	$	30			
Total Revenues	$	499,963	$	499,963	$	503,611	$	3,648	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	12,000	$	4,600	$	7,400	
Engineering	$	20,000	$	20,000	$	-	$	20,000	
Attorney	$	30,000	$	30,000	$	4,835	$	25,165	
Annual Audit	$	6,100	$	6,100	$	6,600	$	(500)	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	900	$	900	$	900	$	-	
Dissemination	$	6,750	$	6,750	$	6,000	$	750	
Trustee Fees	$	7,100	$	7,100	$	6,748	$	352	
Management Fees	$	36,750	$	36,750	$	36,750	$	-	
Information Technology	$	1,800	$	1,800	$	1,800	$	-	
Website Maintenance	$	1,200	$	1,200	$	1,200	$	-	
Postage & Delivery	$	1,000	$	1,000	$	716	$	284	
Insurance	$	6,684	$	6,684	$	5,988	$	696	
Printing & Binding	$	1,000	$	1,000	$	7	$	993	
Legal Advertising	$	5,000	$	5,000	$	1,407	$	3,594	
Other Current Charges	$	3,000	$	3,000	$	467	$	2,533	
Boundary Amendment Expenses	$	-	$	-	$	335	$	(335)	
Office Supplies	$	625	$	625	$	19	$	606	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	145,084	$	145,084	$	83,547	$	61,537	

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	
$	12,000	
$	12,000	
$	6,916	
$	5,084	
Field Management	$	15,750	$	15,750	$	15,750	$	-	
Landscape Maintenance	$	92,650	$	92,650	$	80,648	$	12,002	
Landscape Replacement	$	18,500	$	18,500	$	9,014	$	9,486	
Lake Maintenance	$	12,180	$	12,180	$	9,180	$	3,000	
Streetlights	$	46,800	$	46,800	$	47,955	$	(1,155)	
Electric	$	3,000	$	3,000	$	690	$	2,310	
Water & Sewer	$	3,300	$	3,300	$	2,041	$	1,259	
Irrigation Repairs	$	5,000	$	5,000	$	3,337	$	1,663	
General Repairs & Maintenance	$	10,000	$	10,000	$	5,740	$	4,260	
Contingency	$	6,500	$	6,500	$	4,606	$	1,894	
Subtotal Field Expenditures	$	225,680	$	225,680	$	185,877	$	39,803	

Amenity Expenditures
Amenity - Electric	

$	5,400	

$	5,400	

$	9,955	

$	(4,555)	
Amenity - Water	$	3,500	$	3,500	$	2,486	$	1,014	
Internet	$	1,000	$	1,000	$	688	$	312	
Playground/Furniture Lease	$	14,454	$	14,454	$	14,454	$	(0)	
Pest Control	$	720	$	720	$	-	$	720	
Janitorial Services	$	5,850	$	5,850	$	6,770	$	(920)	
Security Services	$	26,395	$	26,395	$	533	$	25,862	
Pool Maintenance	$	10,380	$	10,380	$	11,775	$	(1,395)	
Amenity Access Management	$	5,000	$	5,000	$	5,000	$	(0)	
Amenity Repairs & Maintenance	$	10,000	$	10,000	$	5,713	$	4,287	
Contingency	$	6,500	$	6,500	$	275	$	6,225	
Subtotal Amenity Expenditures	$	89,199	$	89,199	$	57,648	$	31,551	
					
Total Operations & Maintenance	$	314,879	$	314,879	$	243,526	$	71,353	
					
Total Expenditures	$	459,963	$	459,963	$	327,072	$	132,891	
					
Excess (Deficiency) of Revenues over Expenditures	$	40,000		$	176,538		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	(40,000)	$	(40,000)	$	(40,000)	$	-	
Total Other Financing Sources/(Uses)	$	(40,000)	$	(40,000)	$	(40,000)	$	-	
					
Net Change in Fund Balance	$	-		$	136,538		
					
Fund Balance - Beginning	$	-		$	152,270		
					
Fund Balance - Ending	$	-		$	288,809		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Revenues:					
Assessments - Tax Roll	$	507,737	$	507,737	$	512,678	$	4,941	
Interest	$	-	$	-	$	21,180	$	21,180	
Total Revenues	$	507,737	$	507,737	$	533,857	$	26,120	

Expenditures:					
Interest - 11/1	$	179,156	$	179,156	$	179,156	$	-	
Principal - 5/1	$	150,000	$	150,000	$	150,000	$	-	
Interest - 5/1	$	179,156	$	179,156	$	179,156	$	-	
Total Expenditures	$	508,313	$	508,313	$	508,313	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(575)		$	25,545		
					
Fund Balance - Beginning	$	218,256		$	479,379		
					
Fund Balance - Ending	$	217,680		$	504,924		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Revenues:					
Assessments - Direct Bill	$	260,220	$	257,890	$	257,890	$	-	
Interest	$	-	$	-	$	6,050	$	6,050	
Total Revenues	$	260,220	$	257,890	$	263,940	$	6,050	

Expenditures:					
Interest - 11/1	$	82,063	$	82,063	$	82,063	$	-	
Principal - 5/1	$	95,000	$	95,000	$	95,000	$	-	
Interest - 5/1	$	82,063	$	82,063	$	82,063	$	-	
Total Expenditures	$	259,125	$	259,125	$	259,125	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,095		$	4,815		
					
Fund Balance - Beginning	$	82,063		$	213,166		
					
Fund Balance - Ending	$	83,158		$	217,981		

Revenues

Interest	

$	

-	$	

-	$	-	

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

Expenditures:

Other Current Charges	

$	

-	$	

-	$	114	

$	(114)	
Total Expenditures	$	-	$	-	$	114	$	(114)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(114)		
					
Fund Balance - Beginning	$	-	$	1,000		
					
Fund Balance - Ending	$	-	$	886		

Revenues					
Developer Contributions	$	-	$	-	$	2,005,933	$	2,005,933	
Interest	$	-	$	-	$	3	$	3	
Total Revenues	$	-	$	-	$	2,005,936	$	2,005,936	

Expenditures:					
Capital Outlay	$	-	$	-	$	1,852,945	$	(1,852,945)	
Total Expenditures	$	-	$	-	$	1,852,945	$	(1,852,945)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	152,991		
					
Fund Balance - Beginning	$	-	$	(225,204)		
					
Fund Balance - Ending	$	-	$	(72,213)		
Rhodine Road North
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/23	Thru 09/30/23	Variance	

Revenues:

Interest	

$	-	

$	-	

$	-	

$	

-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Capital Outlay	

$	-	

$	-	

$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	-		$	-			

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	40,000	

$	40,000	

$	40,000	

$	

-	
Total Other Financing Sources/(Uses)	$	40,000	$	40,000	$	40,000	$	-	
						
Net Change in Fund Balance	$	40,000		$	40,000			
						
Fund Balance - Beginning	$	5,000		$	-			
						
Fund Balance - Ending	$	45,000		$	40,000			

Revenues:

Assessments - Tax Roll	$	-	$	32,165	$	299,402	$	3,486	$	823	$	-	$	2,191	$	-	$	-	$	-	$	-	$	2,734	$	340,800	
Assessments - Direct Bill	$	40,611	$	40,611	$	-	$	-	$	40,611	$	-	$	-	$	40,611	$	-	$	-	$	-	$	-	$	162,445	
Boundary Amendment Contributions	$	-	$	-	$	-	$	-	$	335	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	335	
Other Income	$	-	$	30	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	30	
Total Revenues	$	40,611	$	72,806	$	299,402	$	3,486	$	41,770	$	-	$	2,191	$	40,611	$	-	$	-	$	-	$	2,734	$	503,611	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	1,000	$	-	$	1,000	$	800	$	-	$	1,000	$	-	$	800	$	-	$	-	$	4,600	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Attorney	$	29	$	29	$	741	$	146	$	671	$	539	$	358	$	1,210	$	332	$	557	$	-	$	225	$	4,835	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	2,000	$	-	$	4,600	$	-	$	-	$	-	$	-	$	6,600	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	450	$	-	$	-	$	-	$	-	$	-	$	450	$	900	
Dissemination	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	6,000	
Trustee Fees	$	2,788	$	-	$	-	$	-	$	3,030	$	-	$	-	$	-	$	-	$	929	$	-	$	-	$	6,748	
Management Fees	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	36,750	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	1,800	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	1,200	
Postage & Delivery	$	8	$	10	$	25	$	4	$	155	$	44	$	48	$	99	$	146	$	108	$	18	$	53	$	716	
Insurance	$	5,988	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,988	
Printing & Binding	$	-	$	-	$	-	$	-	$	-	$	7	$	-	$	-	$	-	$	-	$	-	$	-	$	7	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	903	$	-	$	-	$	504	$	1,407	
Other Current Charges	$	39	$	39	$	39	$	39	$	39	$	38	$	40	$	39	$	39	$	39	$	39	$	39	$	467	
Boundary Amendment Expenses	$	335	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	335	
Office Supplies	$	0	$	1	$	0	$	3	$	1	$	3	$	3	$	1	$	3	$	1	$	3	$	0	$	19	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total General & Administrative	$	18,174	$	3,890	$	5,617	$	4,004	$	8,709	$	7,694	$	4,262	$	10,761	$	5,236	$	6,245	$	3,872	$	5,083	$	83,547	

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer Irrigation Repairs
General Repairs & Maintenance Contingency

$	6,916  $
$	1,313  $
$	6,721  $
$	-  $
$	765  $
$	2,889  $
$	45  $
$	56  $
$	-  $
$	-  $
$	1,286  $

-  $
1,313  $
6,721  $
-  $
765  $
2,889  $
37  $
53  $
-  $
-  $
-  $

-  $
1,313  $
6,721  $
-  $
765  $
2,889  $
45  $
55  $
-  $
-  $
-  $

-  $
1,313  $
6,721  $
-  $
765  $
2,889  $
40  $
57  $
-  $
1,845  $
-  $

-  $
1,313  $
6,721  $
-  $
765  $
3,149  $
41  $
68  $
-  $
1,520  $
-  $

-  $
1,313  $
6,721  $
-  $
765  $
3,149  $
43  $
66  $
-  $
-  $
267  $

-  $
1,313  $
6,721  $
879  $
765  $
3,824  $
39  $
98  $
962  $
2,376  $
2,718  $

-  $
1,313  $
6,721  $
-  $
765  $
5,255  $
51  $
119  $
-  $
-  $
-  $

-  $
1,313  $
6,721  $
4,235  $
765  $
5,255  $
106  $
565  $
2,374  $
-  $
-  $

-  $
1,313  $
6,720  $
3,900  $
765  $
5,255  $
125  $
542  $
-  $
-  $
105  $

-  $
1,313  $
6,720  $
-  $
765  $
5,255  $
57  $
316  $
-  $
-  $
116  $

-  $
1,313  $
6,720  $
-  $
765  $
5,255  $
63  $
47  $
-  $
-  $
116  $

6,916
15,750
80,648
9,014
9,180
47,955
690
2,041
3,337
5,740
4,606

Amenity Expenditures Amenity - Electric Amenity - Water Internet
Playground/Furniture Lease Pest Control
Janitorial Services Security Services Pool Maintenance
Amenity Access Management Amenity Repairs & Maintenance Contingency

$	816  $
$	97  $
$	56  $
$	1,205  $
$	-  $
$	488  $
$	-  $
$	865  $
$	417  $
$	-  $
$	-  $

608  $
95  $
56  $
1,205  $
-  $
488  $
-  $
865  $
417  $
-  $
-  $

715  $
133  $
56  $
1,205  $
-  $
488  $
-  $
865  $
417  $
-  $
-  $

781  $
134  $
56  $
1,205  $
-  $
571  $
-  $
1,020  $
417  $
710  $
-  $

889  $
146  $
56  $
1,205  $
-  $
533  $
-  $
1,020  $
417  $
-  $
-  $

903  $
146  $
56  $
1,205  $
-  $
608  $
-  $
1,020  $
417  $
1,126  $
-  $

792  $
214  $
56  $
1,205  $
-  $
533  $
-  $
1,020  $
417  $
513  $
-  $

882  $
238  $
64  $
1,205  $
-  $
571  $
-  $
1,020  $
417  $
-  $
275  $

926  $
533  $
58  $
1,205  $
-  $
571  $
-  $
1,020  $
417  $
-  $
-  $

847  $
230  $
58  $
1,205  $
-  $
641  $
-  $
1,020  $
417  $
407  $
-  $

883  $
304  $
58  $
1,205  $
-  $
641  $
-  $
1,020  $
417  $
2,703  $
-  $

915  $
216  $
58  $
1,205  $
-  $
641  $
533  $
1,020  $
417  $
255  $
-  $

9,955
2,486
688
14,454
- 6,770
533
11,775
5,000
5,713
275

Rhodine Road North
Community Development District Long Term Debt Report

Series 2019, Special Assessment Revenue Bonds		
Interest Rate:	3.500%, 4.000%, 4.500%, 4.750%		
Maturity Date:	5/1/2050		
Reserve Fund Definition	50% of Maximum Annual Debt Service		
Reserve Fund Requirement	$253,713		
Reserve Fund Balance	$253,713		
Bonds Outstanding - 6/28/19	$10,000,000		
Less: Special Call - 11/1/20	($1,455,000)		
Less: Special Call - 2/1/21	($25,000)		
Less: Principal Payment - 5/1/21	($140,000)		
Less: Special Call - 5/1/21	($25,000)		
Less: Special Call - 8/1/21	($15,000)		
Less: Special Call - 2/1/22	($30,000)		
Less: Principal Payment - 5/1/22	($145,000)		
Less: Special Call - 5/1/22	($5,000)		
Less: Principal Payment - 5/1/23	($150,000)		
Current Bonds Outstanding	$8,010,000	

Series 2022, Special Assessment Revenue Bonds		
Interest Rate:	2.600%, 3.000%, 3.300%, 4.000%	
Maturity Date:	5/1/2052	
Reserve Fund Definition	50% Maximum Annual Debt Service	
Reserve Fund Requirement	$130,110	
Reserve Fund Balance	$130,110	
Bonds Outstanding - 1/25/22	$4,680,000	
Less: Principal Payment - 5/1/23	($95,000)	
Current Bonds Outstanding	$4,585,000	
Rhodine Road North
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
General Fund	2019 Debt Service	
Total	

11/3/22	
10/1/22-10/31/22	
$3,007.79	
($127.17)	
($57.61)	
$0.00	
$2,823.01	
$1,127.25	
$1,695.76	
$2,823.01	
11/17/22	11/1/22-11/10/22	$23,028.55	($921.15)	($442.15)	$0.00	$21,665.25	$8,651.10	$13,014.15	$21,665.25	
11/22/22	11/11/22-11/17/22	$25,779.10	($981.99)	($495.94)	$0.00	$24,301.17	$9,703.64	$14,597.53	$24,301.17	
11/29/22	11/18/22-11/22/22	$33,760.90	($1,350.44)	($648.21)	$0.00	$31,762.25	$12,682.91	$19,079.34	$31,762.25	
12/7/22	11/23/22-11/30/22	$713,271.84	($28,531.15)	($13,694.82)	$0.00	$671,045.87	$267,953.68	$403,092.19	$671,045.87	
12/14/22	12/1/22-12/7/22	$83,712.33	($3,348.54)	($1,607.27)	$0.00	$78,756.52	$31,448.07	$47,308.45	$78,756.52	
1/5/23	12/8/22-12/31/22	$8,898.65	($355.95)	($170.86)	$0.00	$8,371.84	$3,342.94	$5,028.90	$8,371.84	
01/23/23	Bank Interest	$357.04	$0.00	$0.00	$0.00	$357.04	$142.57	$214.47	$357.04	
02/06/23	1/1/23-1/31/23	$2,146.47	($42.93)	($42.07)	$0.00	$2,061.47	$823.16	$1,238.31	$2,061.47	
04/06/23	3/1/23-3/31/23	$5,599.55	$0.00	($111.99)	$0.00	$5,487.56	$2,191.22	$3,296.34	$5,487.56	
10/31/23	Excess Fees	$6,846.05	$0.00	$0.00	$0.00	$6,846.05	$2,733.68	$4,112.37	$6,846.05	
	TOTAL	$	906,408.27	$	(35,659.32)	$	(17,270.92)	$	-	$	853,478.03	$  340,800.22	$	512,677.81	$	853,478.03	

DIRECT BILL ASSESSMENTS

Clayton Property Group, Inc. 2023-01			
Net Assessments	
$420,335.28	
$162,445.28	
$257,890.00	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	Series 2022
Debt Service Fund	
10/18/22	10/1/22	50977	$40,611.32	$40,611.32	$40,611.32	$0.00	
11/22/22	12/1/22	52465	$40,611.32	$40,611.32	$40,611.32	$0.00	
2/1/23	2/1/23	54585	$40,611.32	$40,611.32	$40,611.32	$0.00	
4/5/23	4/1/23	56552	$177,062.50	$177,062.50	$0.00	$177,062.50	
5/24/23	5/1/23	57169	$40,611.32	$40,611.32	$40,611.32	$0.00	
10/16/23	10/1/23	61756	$80,827.50	$80,827.50	$0.00	$80,827.50	
			$	420,335.28	$	420,335.28	$  162,445.28	$	257,890.00