Agenda Page #1

LIVE OAK NO. 2

COMMUNITY DEVELOPMENT DISTRICT

JANUARY 16, 2018

AGENDA PACKAGE

Agenda Page #2

Live Oak No. 2 Community Development District

Inframark, Infrastructure Management Services
210 North University Drive Suite 702, Coral Springs, Florida 33071 Phone: 954-603-0033 Fax: 954-345-1292

January 9, 2018

Board of Supervisors

Live Oak No. 2 Community
Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Live Oak No. 2 Community Development District will be held Tuesday, January 16, 2018 at 11:00 a.m. at the Live Oak Clubhouse, 9401 Oak Preserve Boulevard, Tampa, Florida. Following is the advanced agenda for the meeting:

1.	Call to Order and Roll Call
2.	Public Comment on Agenda Items
3.	Consent Agenda
A.	Approval of Minutes of the October 17, 2017 Meeting
B.	Financial Report
i.	September 30, 2017
ii.	December 31, 2017

4.	Staff Reports
A.	Manager
i.	Motion to Assign Fund Balance as of September 30, 2017
ii.	FY 2017 Audit Engagement Letter – Berger Toombs
B.	Attorney
C.	Engineer

5.	Supervisors’ Requests
6.	Audience Comments
7.	Adjournment

The next meeting is scheduled for May 22, 2018 at 06:30 p.m.

Any additional supporting material for the items listed above is enclosed or will be distributed at the meeting. The balance of the agenda is routine in nature. If you have any questions, please contact me.

Sincerely,

Andrew P. Mendenhall, PMP
Manager

cc:	Tracy Robin Lawrence Kistler Denise Ganz

Agenda Page #3

Third Order of Business

Agenda Page #4

3A.

Agenda Page #5

DRAFT
MINUTES OF MEETING
LIVE OAK NO. 2
COMMUNITY DEVELOPMENT DISTRICT

A meeting of the Board of Supervisors of the Live Oak No. 2 Community Development

District was held on Tuesday, October 17, 2017 at 11:00 a.m. in the Live Oak Clubhouse, 9401

Oak Preserve Boulevard, Tampa, Florida.

Present and constituting a quorum were:

Elizabeth Hubbard	Chairperson
Richard Thatcher	Vice Chairman
Kathleen Thatcher	Assistant Secretary
Ronald Dell	Assistant Secretary

Also present:

Andrew P. Mendenhall	District Manager
Larry Kistler	District Engineer

The following is a summary of the minutes and actions taken.

FIRST ORDER OF BUSINESS	Call to Order and Roll Call
Mr. Mendenhall called the meeting to order and roll was called.

SECOND ORDER OF BUSINESS	Public Comment on Agenda Items
None.

THIRD ORDER OF BUSINESS	Consent Agenda
A.	Approval of Minutes of the September 19, 2017 Meeting

	ON MOTION by Mr. Thatcher seconded by Ms. Hubbard with all in favor the consent agenda was approved as presented.

FOURTH ORDER OF BUSINESS	Staff Reports
A.	Manager
	ii.Discussion of Fiscal Year 2018 Meeting Schedule

Unapproved

Agenda Page #6

October 17, 2017	Live Oak No. 2 CDD

Mr. Mendenhall discussed revising the July 17, 2018 meeting date to July 24, 2018, the 4th Tuesday of the month, to comply with statute of submitting the budget to
the county at least 60 days prior to the public hearing.

On MOTION by Ms. Hubbard seconded by Ms. Thatcher with all in favor the revised 2018 Fiscal Year Meeting schedule was approved.

i.	Pond Issue Discussion

Mr. Kistler recapped the Assessment of Surface-Water Declines presentation from Mr. Peter Schreuder. The Board decided to explore other routes for the pond repair.

B.	Attorney None.

C.	Engineer

Mr. Kistler recommended Driggers Engineering to create a detailed report on the soil.  He

asked for authorization to request a proposal for soil evaluation and installation of a monitoring

well.

The pond is functioning in spite of its appearance. The Board discussed all cost effective options to make the pond look more attractive.

On MOTION by Mr. Thatcher seconded by Ms. Hubbard with all in favor staff was authorized to obtain a soil sample and installation of a monitoring well from Driggers Engineering in an amount not to exceed $30,000.

FIFTH ORDER OF BUSINESS	Supervisors’ Requests
Mr. Mendenhall received a quote for fence repairs.

SIXTH ORDER OF BUSINESS	Audience Comments
None.

SEVENTH ORDER OF BUSINESS	Adjournment
There being no further business,

On MOTION by Mr. Dell seconded by Mr. Thatcher with all in favor the meeting was adjourned.

Elizabeth Hubbard
Chairperson

Unapproved

Agenda Page #7

3Bi.

Agenda Page #8

LIVE OAK NO. 2

Community Development District

Financial Report

September 30, 2017

				Agenda Page #9	
	LIVE OAK NO. 2			
	Community Development District			
					
			Table of Contents	
	FINANCIAL STATEMENTS			
	Balance Sheet		…………………………………………………. Page 1	
	Statement of Revenues, Expenditures and Changes in Fund Balances	
	General Fund	…………………………………………………. Page 2 - 3	
	Debt Service Fund	…………………………………………………. Page 4	
	SUPPORTING SCHEDULES				
	Non-Ad Valorem Special Assessments	…………………………………………………. Page 5	
	Cash & Investment Report	…………………………………………………. Page 6	
	SunTrust Bank Reconciliation	…………………………………………………. Page 7	
	Check Register	…………………………………………………. Page 8	

Agenda Page #10

LIVE OAK NO. 2

Community Development District

Financial Statements

(Unaudited)

September 30, 2017

LIVE OAK NO. 2									Agenda Page #11		
									Governmental Funds		
Community Development District											
					Balance Sheet									
					September 30, 2017									
											SERIES						
										2016 DEBT						
							GENERAL		SERVICE						
			ACCOUNT DESCRIPTION			FUND			FUND			TOTAL		
		ASSETS												
																	
		Cash - Checking Account	$	81,986	$	-	$	81,986			
		Due From Other Gov'tl Units			1,558			3,654			5,212			
		Investments:												
		Certificates of Deposit - 12 Months			100,255			-			100,255			
		Money Market Account			191,057			-			191,057			
		Prepayment Account			-			2			2			
		Reserve Fund			-			276,970			276,970			
		Revenue Fund			-			162,248			162,248			
											
	TOTAL ASSETS	$	374,856	$	442,874	$	817,730			
																	
		LIABILITIES													
		Accounts Payable	$	3,470	$	-	$	3,470			
		Accrued Expenses			1,486			-			1,486			
														
		TOTAL LIABILITIES			4,956			-			4,956			
		FUND BALANCES												
		Restricted for:													
		Debt Service			-			442,874			442,874			
		Assigned to:												
		Operating Reserves			52,831			-			52,831			
		Reserves - Ponds			170,751			-			170,751			
		Unassigned:			146,318			-			146,318			
											
	TOTAL FUND BALANCES	$	369,900	$	442,874	$	812,774			
											
	TOTAL LIABILITIES & FUND BALANCES	$	374,856	$	442,874	$	817,730			

Report Date: 1/5/2018	Page 1

LIVE OAK NO. 2	Agenda Page #12		
	General Fund		
Community Development District			

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending September 30, 2017

								ANNUAL					YTD ACTUAL					
		ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF			SEP-17		
					BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
	REVENUES														
		Interest - Investments	$	-	$	1,760	0.00%	$	112		
	Special Assmnts- Tax Collector			256,049			256,049	100.00%			-		
	Special Assmnts- Discounts			(10,242)			(9,543)	93.18%			-		
	Other Miscellaneous Revenues			-			1,667	0.00%			-		
												
TOTAL REVENUES			245,807			249,933	101.68%			112		
EXPENDITURES													
																	
		Administration													
																
		P/R-Board of Supervisors			8,000			3,200	40.00%			600		
		FICA Taxes			612			245	40.03%			46		
		ProfServ-Arbitrage Rebate			600			600	100.00%			-		
		ProfServ-Dissemination Agent			1,000			-	0.00%			-		
		ProfServ-Engineering			15,000			25,618	170.79%			454		
		ProfServ-Legal Services			3,000			2,969	98.97%			465		
		ProfServ-Mgmt Consulting Serv			38,850			38,850	100.00%			3,238		
		ProfServ-Special Assessment			12,500			12,500	100.00%			-		
		ProfServ-Trustee Fees			3,717			3,971	106.83%			-		
		Auditing Services			3,500			3,500	100.00%			-		
		Postage and Freight			1,000			70	7.00%			10		
		Insurance - General Liability			9,039			8,310	91.93%			-		
		Printing and Binding			500			125	25.00%			17		
		Legal Advertising			900			1,270	141.11%			-		
		Misc-Bank Charges			600			295	49.17%			31		
		Misc-Assessmnt Collection Cost			5,121			3,372	65.85%			(1,558)		
		Misc-Web Hosting			775			775	100.00%			-		
		Office Supplies			100			-	0.00%			-		
		Annual District Filing Fee			175			175		100.00%			-		
	Total Administration			104,989			105,845		100.82%			3,303		

Report Date: 11/16/2017	Page 2

LIVE OAK NO. 2	Agenda Page #13		
	General Fund		
Community Development District			

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending September 30, 2017

					ANNUAL					YTD ACTUAL					
		ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF			SEP-17		
					BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
	Field													
														
	Contracts-Landscape			44,238			44,238	100.00%			3,687		
	Contracts-Lakes			16,596			16,596	100.00%			1,383		
	R&M-Fence			7,500			2,015	26.87%			200		
	R&M-Lake			5,000			7,746	154.92%			-		
	R&M-Wetland Monitoring			8,000			2,400	30.00%			-		
	Misc-Contingency			25,000			26,125	104.50%			800		
	Reserve - Ponds			34,484			24,432		70.85%			-		
Total Field			140,818			123,552		87.74%			6,070		
												
TOTAL EXPENDITURES			245,807			229,397	93.32%			9,373		
	Excess (deficiency) of revenues													
	Over (under) expenditures			-			20,536		0.00%			(9,261)		
Net change in fund balance	$	-	$	20,536	0.00%	$	(9,261)		
FUND BALANCE, BEGINNING (OCT 1, 2016)			351,342			351,342							
FUND BALANCE, ENDING	$	351,342	$	371,878							

Report Date: 11/16/2017	Page 3

LIVE OAK NO. 2										Agenda Page #14		
								Series 2016 Debt Service Fund		
Community Development District										
					Statement of Revenues, Expenditures and Changes in Fund Balances				
							For the Period Ending September 30, 2017						
											ANNUAL					YTD ACTUAL						
			ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF			SEP-17		
						BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
		REVENUES															
			Interest - Investments	$	-	$	867	0.00%	$	76			
		Special Assmnts- Tax Collector			601,171			600,455	99.88%			-			
		Special Assmnts- Discounts			(24,047)			(22,379)	93.06%			-			
														
	TOTAL REVENUES			577,124			578,943	100.32%			76			
	EXPENDITURES														
																					
			Administration														
																				
			Misc-Assessmnt Collection Cost			12,023			7,907		65.77%			(3,654)			
		Total Administration			12,023			7,907	65.77%			(3,654)			
		Debt Service														
																			
			Principal Debt Retirement			310,000			310,000	100.00%			-			
			Principal Prepayments			-			15,000	0.00%			-			
			Interest Expense			245,796			245,548		99.90%			-			
		Total Debt Service			555,796			570,548		102.65%			-			
														
	TOTAL EXPENDITURES			567,819			578,455	101.87%			(3,654)			
			Excess (deficiency) of revenues														
			Over (under) expenditures			9,305			488	5.24%			3,730			
	OTHER FINANCING SOURCES (USES)														
																		
			Contribution to (Use of) Fund Balance			9,305			-	0.00%			-			
															
		TOTAL FINANCING SOURCES (USES)			9,305			-	0.00%			-			
		Net change in fund balance	$	9,305	$	488	5.24%	$	3,730			
	FUND BALANCE, BEGINNING (OCT 1, 2016)			442,386			442,386								
	FUND BALANCE, ENDING	$	451,691	$	442,874								

Report Date: 11/16/2017	Page 4

Agenda Page #15

LIVE OAK NO. 2

Community Development District

Supporting Schedules

September 30, 2017

LIVE OAK NO. 2

Community Development District

Agenda Page #16

Non-Ad Valorem Special Assessments (Hillsborough County Tax Collector - Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2017

									ALLOCATION BY FUND	
		Discount /				Gross					
Date	Net Amt	(Penalties)		Tax Coll		Amount		General	Debt Service	
Received	Rcvd		Amount		Cost		Received		Fund		Fund**	
Assmnts Levied							$856,504		$256,049		$600,455	
Allocation %							100%		30%		70%	
11/04/16    $	6,260	$	325	$	128	$	6,713	$	2,007	$	4,706	
11/16/16	40,030		1,702		817		42,549		12,720		29,829	
11/23/16	169,426		7,203		3,458		180,087		53,836		126,250	
12/07/16	494,242		21,013		10,087		525,342		157,049		368,293	
12/15/16	31,491		1,299		643		33,433		9,995		23,438	
01/06/17	19,975		641		408		21,024		6,285		14,739	
02/07/17	8,409		175		172		8,755		2,617		6,138	
03/07/17	1,945		31		40		2,015		602		1,413	
04/06/17	19,421		-		396		19,817		5,924		13,893	
05/08/17	5,469		(128)		112		5,452		1,630		3,822	
06/09/17	4,068		(121)		83		4,030		1,205		2,825	
06/13/17	7,356		(219)		150		7,287		2,178		5,109	
												
TOTAL	808,090		31,922		16,492		856,504		256,049		600,455	
												
% COLLCTD							100%		100%		100%	
												
TOTAL O/S						$	-	$	(0)	$	-	

**Variance between Budgeted and Assessed Amounts due to Prepayments received after FY17 Budget was adopted

Report Date: 9/14/2017	Prepared by:	Page 5		

Severn Trent Management Services

Agenda Page #17

LIVE OAK NO. 2	All Funds

Community Development District

Cash and Investment Report

September 30, 2017

General Fund

Account Name			Bank Name			Investment Type			Maturity		Yield		Balance			
																		
Checking Account-Operating		SunTrust	Public Funds Analyzed Cking		n/a	0.00%	$81,986			
Certificate of Deposit	Florida Community Bank	12 MO CD - #2700	01/17/18	1.02%	$100,255			
MMA-5706	Stonegate Bank	Money Market Account		n/a	0.25%	$49,319			
MMA-0186		BankUnited	Money Market Account		n/a	0.78%	141,738			
									Subtotal-MMA				
										$191,057			
											Total-GF				
												$373,297			

Debt Service Funds

Account Name		Bank Name		Investment Type			Maturity		Yield			Balance			
																		
Series 2016	Prepayment Acct	US Bank	US Bank Open Ended CP	08/01/17	0.00%		$2			
Series 2016	Reserve Fund	US Bank	US Bank Open Ended CP	08/01/17	0.00%		276,970			
Series 2016	Revenue Fund	US Bank	US Bank Open Ended CP	08/01/17	0.00%	(2)	162,248			
										Total-DS					
												$439,220			
																
											Total		$812,517			

Report Date: 11/15/2017	Prepared By:	Page 6		
	Severn Trent Management Services			

Live Oak No. 2 CDD	Agenda Page #18		
			
Bank Reconciliation				
Bank Account No.	9534	SunTrust Bank N.A. - GF		
Statement No.	09-17			
Statement Date	9/30/2017			

G/L Balance (LCY)	81,986.43	Statement Balance	86,040.53					
	G/L Balance	81,986.43	Outstanding Deposits	0.00					
Positive Adjustments	0.00	Subtotal						
			86,040.53					

	Subtotal	81,986.43	Outstanding Checks	4,054.10					
Negative Adjustments	0.00	Differences	0.00					
Ending G/L Balance		Ending Balance						
									
	81,986.43		81,986.43					
	Difference	0.00							
Posting	Document	Document	Description	Amount	Cleared	Difference		
Date	Type	No.			Amount			
Outstanding Checks									
9/22/2017	Payment	003593	SEVERN TRENT ENVIRONMENTAL	3,254.10	0.00	3,254.10		
9/28/2017	Payment	003594	LANDSCAPE MAINTENANCE	800.00	0.00	800.00		
Total Outstanding Checks......................................................................................................................	4,054.10		4,054.10		

Page 7

Agenda Page #19

LIVE OAK NO.2 Community Development District

Check Register by Fund

For the Period from 9/1/17 to 9/30/17

(Sorted by Check No.)

														
	Fund	Check	Check		Payee	Invoice No.	Invoice Description	G/L Account Name	G/L Account #	Check Amount		I		
														
	No.	No.	Date											

	GENERAL FUND - 001										
001	003580	09/07/17	AMERICAN ECOSYSTEMS, INC	1709222	WATER MGMT SEP 2017	Contracts-Lakes	534084-53901	$1,383.00				
001	003581	09/07/17	LANDSCAPE MAINTENANCE	124340	SEPT GROUNDS MAINT	Contracts-Landscape	534050-53901	$3,686.50				
001	003582	09/15/17	AMTEC	5445-08-17	SER 2016 THRU 3/31/17	2016 SPEC ASS BNDS	531002-51301	$600.00				
001	003583	09/15/17	BIG DOG FENCE	193628	400' FENCE RPR-ADD SCREWS	R&M-Fence	546025-53901	$1,260.00				
001	003584	09/15/17  FLORIDA NATIVES NURSERY, INC	12335	REMOVAL OF EXOTIC SPECIES	Misc-Contingency	549900-53901	$8,800.00				
001	003585	09/15/17	KING ENGINEERING ASSOCIATES, I K69237	GEN ENG THRU 7/31/17	ProfServ-Engineering	531013-51501	$1,611.37				
001	003586	09/15/17	STRALEY & ROBIN	14744	7/18-8/3/17 GEN COUNSEL	ProfServ-Legal Services	531023-51401	$270.00				
001	003592	09/22/17	FED EX	5-919-31477	POSTAGE 8/30/17	Postage and Freight	541006-51301	$10.10				
001	003593	09/22/17	SEVERN TRENT ENVIRONMENTAL	23452	SEPT MGMNT SERVICES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50				
001	003593	09/22/17	SEVERN TRENT ENVIRONMENTAL	23452	SEPT MGMNT SERVICES	Printing and Binding	547001-51301	$16.60				
001	003594	09/28/17	LANDSCAPE MAINTENANCE	125171	HURRICAN IRMA CLEANUP	Misc-Contingency	549900-53901	$800.00				
001	251	09/15/17  LIVE OAK NO. 2 CDD	090517-0186	XFER TO SUNTRUST GF #9534	Due From Other Funds	131000	$40,000.00				
001	003587	09/20/17	ELIZABETH J. HUBBARD	PAYROLL	September 20, 2017 Payroll Posting			$184.70				
001	003588	09/20/17	CLIFFORD R. THATCHER	PAYROLL	September 20, 2017 Payroll Posting			$183.87				
001	003589	09/20/17	RONALD L. DELL	PAYROLL	September 20, 2017 Payroll Posting			$184.70				
									Fund Total					
										$62,228.34				

									Total Checks Paid	$62,228.34				

Report Date 11/15/2017	Prepared by:	Page 8		
	Severn Trent Management Services			

Agenda Page #20

3Bii.

Agenda Page #21

LIVE OAK NO. 2

Community Development District

Financial Report

December 31, 2017

				Agenda Page #22	
	LIVE OAK NO. 2			
	Community Development District			
					
			Table of Contents	
	FINANCIAL STATEMENTS			
	Balance Sheet		…………………………………………………. Page 1	
	Statement of Revenues, Expenditures and Changes in Fund Balances	
	General Fund	…………………………………………………. Page 2 - 3	
	Debt Service Fund	…………………………………………………. Page 4	
	SUPPORTING SCHEDULES				
	Non-Ad Valorem Special Assessments	…………………………………………………. Page 5	
	Cash & Investment Report	…………………………………………………. Page 6	
	SunTrust Bank Reconciliation	…………………………………………………. Page 7	
	Check Register	…………………………………………………. Page 8 - 9	

Agenda Page #23

LIVE OAK NO. 2

Community Development District

Financial Statements

(Unaudited)

December 31, 2017

LIVE OAK NO. 2									Agenda Page #24		
									Governmental Funds		
Community Development District											
					Balance Sheet									
					December 31, 2017									
											SERIES						
										2016 DEBT						
							GENERAL		SERVICE						
			ACCOUNT DESCRIPTION			FUND			FUND			TOTAL		
		ASSETS												
																	
		Cash - Checking Account	$	750,190	$	-	$	750,190			
		Due From Other Funds			-			522,763			522,763			
		Investments:												
		Certificates of Deposit - 12 Months			100,255			-			100,255			
		Money Market Account			191,418			-			191,418			
		Prepayment Account			-			705			705			
		Reserve Fund			-			276,407			276,407			
		Revenue Fund			-			43,148			43,148			
											
	TOTAL ASSETS	$	1,041,863	$	843,023	$	1,884,886			
																	
		LIABILITIES													
		Accounts Payable	$	-	$	-	$	-			
		Accrued Taxes Payable			123			-			123			
		Due To Other Funds			522,763			-			522,763			
														
		TOTAL LIABILITIES			522,886			-			522,886			
		FUND BALANCES												
		Restricted for:													
		Debt Service			-			843,023			843,023			
		Assigned to:												
		Operating Reserves			52,831			-			52,831			
		Reserves - Ponds			170,751			-			170,751			
		Unassigned:			295,395			-			295,395			
											
	TOTAL FUND BALANCES	$	518,977	$	843,023	$	1,362,000			
											
	TOTAL LIABILITIES & FUND BALANCES	$	1,041,863	$	843,023	$	1,884,886			

Report Date: 1/5/2018	Page 1

LIVE OAK NO. 2	Agenda Page #25		
	General Fund		
Community Development District			

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending December 31, 2017

								ANNUAL					YTD ACTUAL					
				ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF			DEC-17		
							BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
	REVENUES														
		Interest - Investments	$	-	$	363	0.00%	$	125		
	Special Assmnts- Tax Collector			256,049			235,214	91.86%			170,317		
	Special Assmnts- Discounts			(10,242)			(9,336)	91.15%			(6,720)		
												
TOTAL REVENUES			245,807			226,241	92.04%			163,722		
EXPENDITURES													
																	
		Administration													
																	
		P/R-Board of Supervisors			8,000			800	10.00%			-		
		FICA Taxes			612			61	9.97%			-		
		ProfServ-Arbitrage Rebate			600			-	0.00%			-		
		ProfServ-Dissemination Agent			1,000			1,000	100.00%			-		
		ProfServ-Engineering			15,000			1,326	8.84%			-		
		ProfServ-Legal Services			3,000			707	23.57%			316		
		ProfServ-Mgmt Consulting Serv			38,850			9,713	25.00%			3,238		
		ProfServ-Special Assessment			12,500			12,500	100.00%			12,500		
		ProfServ-Trustee Fees			3,717			-	0.00%			-		
		Auditing Services			3,500			-	0.00%			-		
		Postage and Freight			1,000			29	2.90%			(7)		
		Insurance - General Liability			9,141			8,310	90.91%			-		
		Printing and Binding			500			66	13.20%			-		
		Legal Advertising			900			552	61.33%			-		
		Misc-Bank Charges			600			93	15.50%			25		
		Misc-Assessmnt Collection Cost			5,121			4,518	88.22%			3,272		
		Misc-Web Hosting			775			-	0.00%			-		
		Office Supplies			100			-	0.00%			-		
		Annual District Filing Fee			175			175		100.00%			-		
	Total Administration			105,091			39,850	37.92%			19,344		
	Field													
																
		Contracts-Envirom'l Monitoring			3,200			800	25.00%			800		
		Contracts-Landscape			44,238			11,060	25.00%			3,687		
		Contracts-Lakes			16,596			4,149	25.00%			1,383		
		R&M-Fence			7,500			-	0.00%			-		

Report Date: 1/4/2018	Page 2

LIVE OAK NO. 2	Agenda Page #26		
	General Fund		
Community Development District			

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending December 31, 2017

			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF			DEC-17		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
R&M-Lake			5,000			13,244	264.88%			13,244		
R&M-Wetland Monitoring			8,000			-	0.00%			(800)		
Misc-Contingency			25,000			8,062	32.25%			2,524		
Reserve - Ponds			31,182			-		0.00%			-		
Total Field			140,716			37,315		26.52%			20,838		
												
TOTAL EXPENDITURES			245,807			77,165	31.39%			40,182		
Excess (deficiency) of revenues													
Over (under) expenditures			-			149,076		0.00%			123,540		
Net change in fund balance	$	-	$	149,076	0.00%	$	123,540		
FUND BALANCE, BEGINNING (OCT 1, 2017)			369,901			369,901							
FUND BALANCE, ENDING	$	369,901	$	518,977							

Report Date: 1/4/2018	Page 3

LIVE OAK NO. 2									Agenda Page #27		
								Series 2016 Debt Service Fund		
Community Development District										
							Statement of Revenues, Expenditures and Changes in Fund Balances						
							For the Period Ending December 31, 2017								
											ANNUAL					YTD ACTUAL						
				ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		ASA%OF			DEC-17		
							BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
		REVENUES															
			Interest - Investments	$	-	$	203	0.00%	$	53			
		Special Assmnts- Tax Collector			600,454			551,596	91.86%			399,407			
		Special Assmnts- Discounts			(24,018)			(21,893)	91.15%			(15,758)			
														
	TOTAL REVENUES			576,436			529,906	91.93%			383,702			
	EXPENDITURES														
																					
			Administration														
																				
			Misc-Assessmnt Collection Cost			12,009			10,594		88.22%			7,673			
		Total Administration			12,009			10,594	88.22%			7,673			
		Debt Service														
																			
			Principal Debt Retirement			315,000			-	0.00%			-			
			Interest Expense			238,324			119,162		50.00%			-			
		Total Debt Service			553,324			119,162		21.54%			-			
														
	TOTAL EXPENDITURES			565,333			129,756	22.95%			7,673			
			Excess (deficiency) of revenues														
			Over (under) expenditures			11,103			400,150	3603.98%			376,029			
	OTHER FINANCING SOURCES (USES)														
																		
			Contribution to (Use of) Fund Balance			11,103			-	0.00%			-			
														
	TOTAL FINANCING SOURCES (USES)			11,103			-	0.00%			-			
	Net change in fund balance	$	11,103	$	400,150	3603.98%	$	376,029			
	FUND BALANCE, BEGINNING (OCT 1, 2017)			442,873			442,873								
	FUND BALANCE, ENDING	$	453,976	$	843,023								

Report Date: 1/4/2018	Page 4

Agenda Page #28

LIVE OAK NO. 2

Community Development District

Supporting Schedules

December 31, 2017

LIVE OAK NO. 2

Community Development District

Agenda Page #29

Non-Ad Valorem Special Assessments (Hillsborough County Tax Collector - Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2018

												ALLOCATION BY FUND	
			Discount /						Gross					
Date		Net Amt	(Penalties)		Tax Coll	Prop Appr		Amount		General	Debt Service	
Received		Rcvd		Amount		Cost		Cost		Received		Fund		Fund**	
Assessments Levied FY '18								$856,502		$256,048		$600,454	
Allocation %										100%		30%		70%	
11/07/17	$	7,749	$	400	$	158	$	-	$	8,307	$	2,483	$	5,824	
11/16/17		41,807		1,777		853		-		44,438		13,285		31,153	
11/24/17		154,611		6,574		3,155		-		164,340		49,129		115,211	
12/11/17		494,009		21,003		10,082		-		525,094		156,975		368,119	
12/15/17		42,293		1,474		863		-		44,631		13,342		31,288	
								-		-		-		-	
															
TOTAL	$	740,470	$	31,228	$	15,112	$	-	$	786,810	$	235,214	$	551,596	
															
% COLLECTED										92%		92%		92%	
															
TOTAL O/S									$	69,692	$	20,834	$	48,858	

Report Date: 1/4/2018	Prepared by:	Page 5		
	Severn Trent Management Services			

Agenda Page #30

LIVE OAK NO. 2	All Funds

Community Development District

Cash and Investment Report

December 31, 2017

General Fund

Account Name			Bank Name			Investment Type		Maturity		Yield		Balance			
																		
Checking Account-Operating		SunTrust	Public Funds Analyzed Cking		n/a	0.00%	$750,190			
Certificate of Deposit	Florida Community Bank	12 MO CD - #2700	01/17/18	1.02%	100,255			
MMA-0186		BankUnited	Money Market Account		n/a	0.78%	191,418			
											Total-GF				
												$1,041,863			

Debt Service Funds

Account Name		Bank Name		Investment Type		Maturity		Yield				Balance			
																			
Series 2016	Prepayment Acct	US Bank	US Bank Open Ended CP	05/01/18	0.00%			$705			
Series 2016	Reserve Fund	US Bank	US Bank Open Ended CP	03/01/18	0.00%			276,407			
Series 2016	Revenue Fund	US Bank	US Bank Open Ended CP	03/01/18	0.00%	(2)	43,148			
										Total-DS						
													$320,260			
																	
											Total			$1,362,124			

Report Date: 1/4/2018	Page 6

Live Oak No. 2 CDD	Agenda Page #31		
			
Bank Reconciliation				
Bank Account No.	9534	SunTrust Bank N.A. - GF		
Statement No.	12-17			
Statement Date	12/31/2017			

G/L Balance (LCY)	750,189.92	Statement Balance	766,246.38					
	G/L Balance	750,189.92	Outstanding Deposits	0.00					
Positive Adjustments	0.00	Subtotal						
			766,246.38					

	Subtotal	750,189.92	Outstanding Checks	16,056.46					
Negative Adjustments	0.00	Differences	0.00					
Ending G/L Balance		Ending Balance						
									
	750,189.92		750,189.92					
	Difference	0.00							
Posting	Document	Document	Description	Amount	Cleared	Difference		
Date	Type	No.			Amount			
Outstanding Checks									
12/27/2017	Payment	003625	INFRAMARK, LLC	12,500.00	0.00	12,500.00		
12/27/2017	Payment	003626	INFRAMARK, LLC	3,240.26	0.00	3,240.26		
12/29/2017	Payment	003627	STRALEY & ROBIN	316.20	0.00	316.20		
Total Outstanding Checks......................................................................................................................	16,056.46		16,056.46		

Page 7

Agenda Page #32

						LIVE OAK NO. 2					
					Community Development District				
											
						Payment Register by Fund					
					For the Period from 09/1/2017 to 12/31/2017				
						(Sorted by Check / ACH No.)					
											
	Fund	Check /	Date	Payee	Invoice No.	Payment Description	Invoice / GL Description	G/L Account #	Amount		
	No.	ACH No.							Paid		

	GENERAL FUND - 001							
											
	001	003580	09/07/17	AMERICAN ECOSYSTEMS, INC	1709222	WATER MGMT SEP 2017	Contracts-Lakes	534084-53901	$1,383.00		
001	003581	09/07/17	LANDSCAPE MAINTENANCE	124340	SEPT GROUNDS MAINT	Contracts-Landscape	534050-53901	$3,686.50		
001	003582	09/15/17	AMTEC	5445-08-17	SER 2016 THRU 3/31/17	2016 SPEC ASS BNDS	531002-51301	$600.00		
001	003583	09/15/17	BIG DOG FENCE	193628	400' FENCE RPR-ADD SCREWS	R&M-Fence	546025-53901	$1,260.00		
001	003584	09/15/17	FLORIDA NATIVES NURSERY, INC	12335	REMOVAL OF EXOTIC SPECIES	Misc-Contingency	549900-53901	$8,800.00		
001	003585	09/15/17	KING ENGINEERING ASSOCIATES, I	K69237	GEN ENG THRU 7/31/17	ProfServ-Engineering	531013-51501	$1,611.37		
001	003586	09/15/17	STRALEY & ROBIN	14744	7/18-8/3/17 GEN COUNSEL	ProfServ-Legal Services	531023-51401	$270.00		
001	003592	09/22/17	FED EX	5-919-31477	POSTAGE 8/30/17	Postage and Freight	541006-51301	$10.10		
001	003593	09/22/17	INFRAMARK, LLC	23452	SEPT MGMNT SERVICES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003593	09/22/17	INFRAMARK, LLC	23452	SEPT MGMNT SERVICES	Printing and Binding	547001-51301	$16.60		
001	003594	09/28/17	LANDSCAPE MAINTENANCE	125171	HURRICAN IRMA CLEANUP	Misc-Contingency	549900-53901	$800.00		
001	003595	10/06/17	AMERICAN ECOSYSTEMS, INC	1710224	OCT WTR MGMNT	Contracts-Lakes	534084-53901	$1,383.00		
001	003596	10/06/17	KING ENGINEERING ASSOCIATES, I	K69400	ENG'G SVC THRU 8/31/17	ProfServ-Engineering	531013-51501	$2,312.83		
001	003597	10/06/17	LANDSCAPE MAINTENANCE	125343	GRNDS MAINT OCT 2017	Contracts-Landscape	534050-53901	$3,686.50		
001	003598	10/12/17	BIG DOG FENCE	172509	PERIMETER FENCE REPR	R&M-Fence	546025-53901	$200.00		
001	003599	10/12/17	FLORIDA NATIVES NURSERY, INC	14526	Q MITIGATION	R&M-Wetland Monitoring	546108-53901	$800.00		
001	003600	10/12/17	PUBLIC RISK AGENCY	52334	POL951248 10/1/17-10/1/18	Public Officials Liab 10/01/17 - 09/30/18	155000-51301	$3,310.00		
001	003600	10/12/17	PUBLIC RISK AGENCY	52336	PK2FL1 0294040 17-12 10/1-10/1	Business Auto 10/01/17 to 09/30/19	155000-51301	$5,000.00		
001	003601	10/12/17	STRALEY & ROBIN	14831	GENERAL MATTERS THRU 9/15/17	ProfServ-Legal Services	531023-51401	$465.00		
001	003606	11/02/17	AMERICAN ECOSYSTEMS, INC	1711219	NOV WATER MGMT TRMT	Contracts-Lakes	534084-53901	$1,383.00		
001	003607	11/02/17	INFRAMARK, LLC	24553	10/17 MANAGEMENT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003607	11/02/17	INFRAMARK, LLC	24553	10/17 MANAGEMENT FEES	Postage and Freight	541006-51301	$11.04		
001	003607	11/02/17	INFRAMARK, LLC	24553	10/17 MANAGEMENT FEES	Printing and Binding	547001-51301	$47.10		
001	003608	11/07/17	FED EX	5-970-87562	10/24/17: POSTAGE/FREIGHT	Postage and Freight	541006-51301	$10.20		
001	003609	11/07/17	JEREMY T CRAWFORD	268	COMMUNITY PRESSURE WASH	Misc-Contingency	549900-53901	$3,537.60		
001	003610	11/07/17	KING ENGINEERING ASSOCIATES, I	K69627	GEN ENGINEERING THRU 9/30/17	ProfServ-Engineering	531013-51501	$1,486.01		
001	003611	11/07/17	LANDSCAPE MAINTENANCE	126615	10/20/17: CLEAN UP POOL TREE	Misc-Contingency	549900-53901	$500.00		
001	003611	11/07/17	LANDSCAPE MAINTENANCE	126613	10/20/17:CLN UP WDLINE SNWBRRY	Misc-Contingency	549900-53901	$500.00		
001	003611	11/07/17	LANDSCAPE MAINTENANCE	126996	10/26/17: CUT/CHIP TREE	Misc-Contingency	549900-53901	$500.00		
001	003611	11/07/17	LANDSCAPE MAINTENANCE	126997	10/26/17: CUT UP DOWNED TREES	Misc-Contingency	549900-53901	$500.00		
001	003611	11/07/17	LANDSCAPE MAINTENANCE	126664	GRNDS MAINT NOV 2017	Contracts-Landscape	534050-53901	$3,686.50		
001	003612	11/21/17	DEPT OF ECONOMIC OPPORTUNITY	70533	FY 17/18 ANN DISTR FILING FEE	Annual District Filing Fee	554007-51301	$175.00		
001	003613	11/21/17	FED EX	5-978-16829	OCT POSTAGE	Postage and Freight	541006-51301	$10.20		
001	003614	12/05/17	AMERICAN ECOSYSTEMS, INC	1712208	DEC WTR MGMNT	Contracts-Lakes	534084-53901	$1,383.00		
001	003615	12/05/17	KING ENGINEERING ASSOCIATES, I	K69803	ENG'G SVC THRU OCT 2017	ProfServ-Engineering	531013-51501	$828.04		
001	003616	12/05/17	LANDSCAPE MAINTENANCE	127562	MTHLY GRND MAINT DEC 2017	Contracts-Landscape	534050-53901	$3,686.50		

Page 8

Agenda Page #33

					LIVE OAK NO. 2					
				Community Development District				
										
					Payment Register by Fund					
				For the Period from 09/1/2017 to 12/31/2017				
					(Sorted by Check / ACH No.)					
										
Fund	Check /	Date	Payee	Invoice No.	Payment Description	Invoice / GL Description	G/L Account #	Amount		
No.	ACH No.							Paid		

001	003617	12/05/17	SCHREUDER, INC.	17-120	ASSESS WTR LVLS/RETEN PONDS	ProfServ-Engineering	531013-51501	$498.37		
001	003618	12/05/17	INFRAMARK, LLC	25472	NOV 2017 MGMT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003618	12/05/17	INFRAMARK, LLC	25472	NOV 2017 MGMT FEES	Postage and Freight	541006-51301	$5.06		
001	003618	12/05/17	INFRAMARK, LLC	25472	NOV 2017 MGMT FEES	Printing and Binding	547001-51301	$18.90		
001	003618	12/05/17	INFRAMARK, LLC	25472	NOV 2017 MGMT FEES	ProfServ-Dissemination Agent	531012-51301	$1,000.00		
001	003619	12/05/17	STRALEY & ROBIN	15157	11/15/17 LEGAL SVCS	ProfServ-Legal Services	531023-51401	$75.00		
001	003620	12/11/17	BIOMASS TECH	01	STORM MANHOLE REPAIR	Misc-Contingency	549900-53901	$2,524.00		
001	003621	12/14/17	TIMES PUBLISHING	125638-092817	Advertising run date 09/28/17	Legal Advertising	548002-51301	$233.50		
001	003621	12/14/17	TIMES PUBLISHING	25638-110317	NOTICE OF PH MTG 11/03/17	Legal Advertising	548002-51301	$276.00		
001	003621	12/14/17	TIMES PUBLISHING	125638-090817	LEGAL ADVERTISING 09/05/17	Legal Advertising	548002-51301	$259.00		
001	003622	12/14/17	STRALEY & ROBIN	14893	9/18-10/13/17 GEN COUNSEL	ProfServ-Legal Services	531023-51401	$315.60		
001	003623	12/14/17	TAMPA BAY TIMES	551602	7/17/18 MTG NOTICE	Legal Advertising	548002-51301	$276.00		
001	003624	12/22/17	BIOMASS TECH	1762	POND 14-5 EROSION REPAIR	R&M-Lake	546042-53901	$5,905.10		
001	003624	12/22/17	BIOMASS TECH	1763	POND 9-2 EROSION REPAIR	R&M-Lake	546042-53901	$3,226.87		
001	003624	12/22/17	BIOMASS TECH	1761	2nd STRUCTURE REPR	20007 OAKFLOWER AVE	546042-53901	$4,112.50		
001	003625	12/27/17	INFRAMARK, LLC	26138	ASSESSMENT ROLL SERVICE	ProfServ-Special Assessment	531038-51301	$12,500.00		
001	003626	12/27/17	INFRAMARK, LLC	26210	MANAGEMENT FEES 12/17	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003626	12/27/17	INFRAMARK, LLC	26210	MANAGEMENT FEES 12/17	Postage and Freight	541006-51301	$2.76		
001	003627	12/29/17	STRALEY & ROBIN	15281	GENERAL MATTERS THRU 12/15/17	ProfServ-Legal Services	531023-51401	$316.20		
001	251	09/15/17	LIVE OAK NO. 2 CDD	090517-0186	XFER TO SUNTRUST GF #9534	Due From Other Funds	131000	$40,000.00		
001	003587	09/20/17	ELIZABETH J. HUBBARD	PAYROLL	September 20, 2017 Payroll Posting			$184.70		
001	003588	09/20/17	CLIFFORD R. THATCHER	PAYROLL	September 20, 2017 Payroll Posting			$183.87		
001	003589	09/20/17	RONALD L. DELL	PAYROLL	September 20, 2017 Payroll Posting			$184.70		
001	003602	10/18/17	ELIZABETH J. HUBBARD	PAYROLL	October 18, 2017 Payroll Posting			$184.70		
001	003603	10/18/17	KATHLEEN M. THATCHER	PAYROLL	October 18, 2017 Payroll Posting			$184.70		
001	003604	10/18/17	CLIFFORD R. THATCHER	PAYROLL	October 18, 2017 Payroll Posting			$183.87		
001	003605	10/18/17	RONALD L. DELL	PAYROLL	October 18, 2017 Payroll Posting			$184.70		
							Fund Total			
								$139,625.19		

							Total Checks Paid	$139,625.19		

Page 9

Agenda Page #34

Fourth Order of Business

Agenda Page #35

4Ai.

Agenda Page #36

LIVE OAK NO. 2
COMMUNITY DEVELOPMENT DISTRICT

Motion: Assigning Fund Balance as of 9/30/17

The Board hereby assigns the FY 2017 Reserves as follows:

Operating Reserves	$52,831	
Reserves – Ponds	$170,751	
Total Assigned Reserves	$223,582	

	To be approved at the 1/16/2018 meeting.

Agenda Page #37

4Aii.

~~tt	,	Toombs,		
	Berger				
,OJ	Caines	& Frank		
	Certified Public Accountants	PL		
				
	600 Citrus Avenue			
	Suite 200				
	Fort Pierce, Florida 34950		
	7721461-61 20	II 461-11	55		
	FAX: 7721468-9278			
	October 20, 2017			

Agenda Page #38

Elam,

Live Oak No. 2 Community	Development		
			
c/o Severn Trent Management Services		
210 North University Drive, Suite 702		
Coral Springs, FL 33071			

District

The Objective and Scope of the Audit of the Financial Statements									
You have requested that we audit the financial statements of Live	Oak No. 2 Community		
	a	discretely  presented		
Development	District,	which	comprise	governmental  activities,				
component unit, each major fund and the budgetary comparison for the General	Fund	as of and		
for  the  year	ended	September  30,  2017	which  collectively  comprise  the  basic financial		
									of	this audit		
statements. We are pleased to confirm	our acceptance and our understanding				
		thereafter	for		
engagement	by means of this letter for the year ending September	30,	2017 and				
							
			Development District	and		
two annual renewals	if	mutually agreed by Live Oak No. 2 Community				
							
			PL.							
		Gaines,	& Frank, Certified	Public Accountants,								
Berger, Toombs, Elam,											

															

Our audit will

statements.

be

conducted  with  the  objective of expressing

an

opinion

on

the financial

The

Responsibility

of

the Auditor

We will  conduct the audit in accordance with	auditing  standards generally accepted	in	the		
						
United States	of America	and "Government Auditing	Standardsn issued by the Comptroller		
													to		
General of the United States. Those standards require that we plan and perform the audit			
			
obtain  reasonable  assurance  about  whether	the financial	statements  are  free	of material		
					the		
misstatement.	An audit involves	performing procedures to	obtain audit evidence about			
							
						.  The procedures	selected depend	on the		
amounts and disclosures in the financial statements	risks	of material misstatement	of	the		
auditor's judgment, including the	assessment	of the						
		error.	An audit also includes evaluating	the		
financial  statements, whether due	to fraud or					
							
appropriateness of accounting policies used and	the reasonableness	of significant accounting		
		the overall presentation of the financial		
estimates made by management	, as well as evaluating			

statements.															

Member AICPA

Member

Private

Fort Pierce I Stuart

AICPA Division For CPA Firms

Companies Practice Section

Member

FI

CPA

Agenda Page #39

~~l
,OJ

Berger,

Gaines

Toombs,
&	Frank

Elam,

Live Oak No. 2 Community	Development District															
																							
October 20, 2017																													
Page2																																
Because of the inherent limitations	of an	audit, together	with the inherent limitations of internal		
							may not	be detected	exists, even		
control,	an	unavoidable		risk that some material misstatements					
									
								with	generally accepted		
though	the	audit	is . properly planned	and performed	in		accordance				
											or fraud that are immaterial to		
																
				.	Also,	an audit	is	not designed to detect errors			
auditing standards								
								therefore,	Government		
the  financial  statements.		The	determination	of abuse		is	subjective;				
				reasonable assurance of detecting abuse.		
Auditing Standards	do not expect us	to provide			

In  making	our	risk assessments	,	we	consider	internal		control  relevant	to Live	Oak No.  2		
														of the financial statements		
								and fair presentation			
Community Development District'spreparation				
					but not for the		
in order to design		audit procedures that are appropriate	in	the circumstances			
								
			an	opinion	on the	effectiveness of the entity's internal control.  However,		
purpose of expressing						
				concerning  any significant deficiencies  or material		
				you	in	writing			
we  will	communicate  to							
						to the audit of	the	financial statements that we have		
weaknesses in	internal	control	relevant					

identified during the audit.																								

We will also communicate to the Board any fraud involving		
causes a material misstatement of the financial statements		
the audit, and any	instances of noncompliance	with laws and		

of during the audit.				

senior management and fraud that		
that becomes known	to us during		
regulations that	we become aware		

The funds that

District and that

you

are

have told	us are maintained	by	Live Oak	No.	2 Community	Development		
								
to be included as part of our audit are	listed below:			

1.	General Fund

2.	Debt Service Fund

Agenda Page #40

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Berger,

Gaines

Toombs, Elam,

& Frank

Live Oak No.	2 Community Development District		
			
October 20, 2017		
Page 3			

The	Responsibilities	of	Management

Reporting Framework

and

Identification	of  the	Applicable	Financial

Our audit will	be conducted		
			
it has responsibility:		

on

the

basis

that management acknowledges

and

understands that

1.

For the preparation and fair presentations	of the financial statements in accordance		
		States of America;		
accounting principles generally accepted in the United			

with

2.  To evaluate	subsequent events through the date the	financial statements are issued or		
						events were		
available	to	be issued, and	to disclose the date through which subsequent			
				not	evaluate		
					that	it will				
evaluated	in	the	financial statements. Management also agrees						
									
					representation  letter		
subsequent	events  earlier  than  the  date  of the  management			
							
referred to below;									

3.

4.

For the design,		implementation,	and maintenance	of internal	control	relevant	to	the		
											
							from	material		
						that	are free				
				of financial	statements						
preparation	and		fair	presentation									

																						
misstatement, whether due to fraud or error;																
For establishing	and	maintaining effective internal	control of financial	reporting		and		for		
								or		
					in	the design			
					weaknesses						
informing us	of	all significant deficiencies	and	material							

						; and												
			controls of which	it has knowledge													
operation of such															

																				

5.

To

provide us with:				is	aware that	is relevant to the		
a.	Access to	all information of which management					
				statements	such	as records	,		
	preparation and fair presentation of the financial						

								
	documentation and other matters;	request from management for the purpose of		
b.	Additional	information	that we may			

													
	the audit; and				from whom	we	determine	it		
c.	Unrestricted	access to persons within the entity						

			.									
													
	necessary to obtain audit evidence									

Agenda Page #41

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Berger, Toombs,

Gaines & Frank

Elam

,

Live Oak	No.	2 Community Development District																												
																																																		
October 20, 2017																																												
Page 4																																																			
Management			is	responsible	for  identifying	and  ensuring	that	Live		Oak		No.	2 Community		
								applicable to its activities,	and for		
																	
Development		District complies		with the laws and regulations				
												
																.	In	addition,		
				material violations of such laws or regulations					
		about	all known						
informing	us									
									design and implementation	of programs and controls		to		
management		is responsible	for the							
														suspected	fraud or		
prevent and detect fraud or abuse, and for informing	us about all known or				
				roles		in		
											have		significant						
abuse	affecting	the	entity involving			management,	employees  who											
														on	the		
										a		material	effect				
internal	control,	and	others	where	the fraud	or abuse could	have										
																us	of		its		
financial	statements								.			Management	is	also	responsible		for informing						

		or compliance			or abuse,	or, suspected	fraud or abuse affecting the entity		
knowledge of any allegations of fraud						
							former employees, analysts, regulators,	short		
received	in  communications	from	employees,				

sellers,	-or others.																																												
The Board is		responsible	for informing	us of its views about the	risks	of fraud or abuse within the		
											or abuse affecting	the		
																	fraud					
entity, and its knowledge of any fraud or abuse,·or, suspected						
																				
entity.																																																			
Live Oak	No.		2 Community Development District agrees that it will not	associate us with any		
							Live	Oak No.	2		
																																	Therefore,					
public or private securities offering without first obtaining our consent.							

Community Development District agrees	to	contact us before	it	includes our	reports or otherwise		
																	
makes reference		to us, in	any	public	or private securities offering.																				

Because	Berger,	Toombs,	Elam,	Gaines	&	Frank		will  rely on	Live	Oak	No.	2 Community		
																								
									of Supervisors	to discharge the foregoing		
Development	District and	its	management and Board					
										harmless and	releases		
			,	Live Oak No.		2 Community Development District holds				
responsibilities								
						liabilities,		
						all claims	,			
					&	Frank, its partners,		and employees	from					
			Elam, Gaines										
Berger, Toombs,											
																					
								where there has been a known misrepresentation by		
losses and costs	arising	in circumstances			
					Development	District's management,		which	has		
		Oak		No.		2	Community								
a member of		Live														
									Toombs,		Elam,	Gaines		&	Frank's breach	of	contract		or		
				respect,	Berger,													
caused,	in  any																
																	of this arrangement for services.						
negligence.	This provision shall survive the termination							

Live

Oak

No. 2 Community Development District'sRecords	and Assistance		

If circumstances arise relating to the condition	of the Live Oak No.	2 Community	Development		
	audit evidence, or indications of a significant risk		
District'srecords, the availability	of	appropriate			
									financial		
of material	misstatement	of the financial  statements, because of error, fraudulent				
					, in our professional	judgment, prevent	us from		
reporting , or misappropriation of assets, which					
						
		right to	take any	course of		
	retain the unilateral					
completing	the	audit	or forming an opinion, we						
									a		
						an opinion, issuing			
			by professional	standards, including:  declining to express				
action permitted						

			.										

report, or withdrawing	from engagement										

During the course

be reflected in the

of our engagement	, we may accumulate		
Live Oak No.	2 Community Development		

ning	data that	should		
records contai		The		
District'sbooks and records.			

Agenda Page #42

~~l
,OJ

Berger,

Gaines

Toombs,

& Frank

Elam

,

Live Oak No. 2 Community Development District					
October 20,	2017						
Page 5							
District will	determine that all such data, if necessary, will	be so reflected	.	Accordingly, the		
				.		
District will not expect us to maintain copies	of such records	in our possession			

Other Relevant Information						

In accordance with Government Auditing Standards,

report has been provided to you, for your information.

a copy

of

our most recent peer review

Fees, Costs, and Access to Workpapers																						
Our fees for the audit	and accounting services described above are based upon the value of the		
																											, plus		
services performed and the time required by the individuals assigned to the engagement			
					
direct  expenses.	Invoices	for	fees  will  be  submitted	in	sufficient  detail	to	demonstrate		
							submission. Our	fee for the		
			this engagement	. Billings are due upon				
compliance with the terms	of						
													$3	,500,		
																					
services described in this letter for the year ending September 30, 2017, will not exceed					
					2		
unless  the  scope		of	the		engagement		is	changed,	the	assistance  which  Live		Oak  No.			
										to	furnish	is	not  provided,	or		unexpected		
						District  has	agreed									
Community  Development												
conditions  are  encountered,	in	which	case,  we will  discuss  the  situation  with		you	before		
													
proceeding. All other	provisions	of this		letter will survive any fee adjustment.	The two annual		
																.											
renewals must be mutually agreed and approved by the Board of Supervisors												
												
In the event we are requested or authorized by Live Oak No. 2 Community	Development District		
														
or are required by government	regulation,	subpoena, or other legal process to produce our		
														for Live Oak No. 2		
documents or our	personnel	as witnesses with respect to our engagement			
							will,		so long		
Community Development District, Live Oak No. 2 Community Development District					
		us for our		
as we are not a party to the proceeding		in which the information	is sought, reimburse			
									in		
				of our counsel, incurred			
professional time and expenses, as well as the fees and expenses				

responding to such requests.																											
The documentation	for this engagement	is the property	of	Berger,	Toombs,	Elam,	Gaines,	&		
																			
									of the cognizant		
																
Frank. However, you acknowledge and grant your assent that representatives			
											
or oversight agency or their designee, other	government audit staffs, and the U.S. Government		
																and that		
Accountability Office shall have access to the audit documentation upon their request			
					of		
we shall maintain	the audit documentation for a period of at least three years after the date			
				
	a longer	period if we are	requested to do so by the cognizant or oversight		
the report, or for					
																						of Berger,		
agency. Access to requested documentation will be provided under the supervision			
								
Toombs, Elam, Gaines,	&	Frank audit personnel	and at a location designated by our Firm.					

Agenda Page #43

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Berger, Toombs, Gaines & Frank

Cettmedl'ublicAa:lll.11,cant1	Pl

Elam

,

Live Oak No.	2 Community	Development District										
																
October 20, 2017															
Page 6																		
Reporting																	
We will	issue	a written  report upon	completion	of our	audit of Live	Oak No. 2 Community		
							to the Board of	Live		
		financial statements	.	Our	report will be addressed				
										
Development District's					We cannot provide	assurance that an unmodified		
Oak No.	2 Community Development District.				
								our		
opinion will be expressed. Circumstances	may arise in which it is necessary for us to modify			
		the		
opinion,	add		an  emphasis-of-matter	or  other-matter	paragraph(s),  or	withdraw	from				

engagement

In  addition

statements,

.

to

we

our  report  on  Live  Oak  No.  2

will also issue the following types

Community  Development  District's financial

of reports:

•	Reports on internal control and compliance with laws, regulations, and the provisions

	contracts or grantfindings and/oragreements.ofWewillreportonanyinternalcontrol
noncompliance which could have a material effect	on the financial	statements.		

This letter constitutes the complete and		
Toombs,  Elam,  Gaines	&  Frank  and		
superseding all proposals,	oral or written,		
of the engagement	between the parties.		
				
Please sign and return the attached copy		
agreement  with, the  arrangements  for		
respective responsibilities .		

exclusive	statement	of	agreement between	Berger,		
						
Live	Oak	No.	2	Community  Development  District,		
								with respect to the terms		
and	all other communication,			
					
of this letter to indicate	your acknowledgement	of, and		
				
our	audit	of the	financial  statements  including  our		

'1>~/::}~g~,

Berger, Toombs, Elam ,		
J. W. GAINES, CPA			
Confirmed on behalf	of		

Gaines & Frank

the addressee:

----------'---

Agenda Page #44

ADDENDUM TO ENGAGEMENT	LETTER		
			
DATED OCTOBER 20, 2017		

Public Records.  Auditor shall, pursuant to and in accordance with Section 119.0701,		
Florida Statutes, comply with the public	records laws of the State of Florida,	and		

specifically shall:				

a.

b.

Keep and maintain public records required by the District to perform the services	
or work set forth in this Agreement; and		
Upon the request of the District's custodian of public records,	provide the District	
with a copy of the requested	records or allow the records to be inspected or copied	
within a reasonable time at a cost that does not exceed the cost provided in	
Chapter 119, Florida Statutes, or as otherwise provided by law; and	

c.	Ensure that public records that 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 completion	of the Agreement if		

	the Auditor does not transfer the records to the District; and							
d.	Upon completion of the Agreement,	transfer, at no cost to the District, all public		
		or keep and maintain public records required		
	records in possession of the Auditor			
	by the District to perform the service or work provided for in this Agreement.	If		
				
	the Auditor transfers all public records to the District upon completion	of the			
	Agreement, the Auditor shall destroy any duplicate public records that are exempt		
	or confidential and exempt from public disclosure requirements.	If the Auditor			
				the			
	keeps and maintains public	records upon completion of the Agreement,				
						
	Auditor shall meet all applicable requirements for retaining public records.  All		
	records stored electronically must be provided to the District, upon request from		
	the District's custodian of public	records, in a format that is compatible with the		
												
	information technology systems	of the District.									
													
Auditor acknowledges that any requests to inspect or copy public records relating to this		
Agreement must be made directly to the District pursuant to Section 119.0701(3), Florida		
Statutes.  If notified by the District	of a public records request	for records not in the			
				shall provide such		
				of the Auditor, the Auditor			
possession of the District but in possession				
records to the District or allow the records to be inspected or copied within a reasonable		
time.  Auditor acknowledges that should Auditor fail to provide the public records to the		
District within a reasonable time, Auditor may be subject to penalties pursuant to Section		
119.10, Florida Statutes.													

Agenda Page #45

IF THE AUDITOR HAS QUESTIONS	REGARDING THE		
			
APPLICATION OF CHAPTER	119, FLORIDA STATUTES, TO		
				
THE AUDITOR'S DUTY TO PROVIDE PUBLIC RECORDS		

RELATING

TO

TIDS AGREEMENT/CONTRACT, THE

AUDITOR MAY

CONTACT

THE

CUSTODIAN

OF

PUBLIC

RECORDS

FOR

THE DISTRICT AT:

SEVERN TRENT MANAGEMENT	SERVICES		
			
210 North University Drive,	Suite 702		
				
Coral Springs, FL 33071				

		Audit9r:~	W~·AINES		
		.'/:	/   ✓,:1/		
	·/	,-~00/-~		
/		·/ /				
		Title:	DIRECTOR		
					
		Date:	October 20, 2017		

District: Live Oak No. 2		
By: --------		
Title:	--------		
			
Date:	--------