Agenda Page 1

LIVE OAK NO. 2

COMMUNITY DEVELOPMENT DISTRICT

APRIL 30, 2019

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

April 23, 2019

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, April 30, 2019 at 6:30 p.m. at the Live Oak Clubhouse, 9401 Oak Preserve Boulevard, Tampa, Florida. Following is the advanced agenda for the meeting:

1.	Call to Order
2.	Public Comment on Agenda Items
3.	Consent Agenda
A.	Approval of Minutes of the January 15, 2019 Meeting
B.	Financial Report
C.	Approval of Griffin Brother’s Civil Construction O&M Estimate
4.	Staff Reports
A.	Manager

i.	Consideration of Resolution 2019-2 Approving the FY 2020 Budget and Setting the Public Hearing

ii.	Consideration of Jayman Enterprises Estimate
B.	Attorney
C.	Engineer
5.	Supervisors’ Requests
6.	Audience Comments
7.	Adjournment

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

Agenda Page 3

Third Order of Business

Agenda Page 4

3A.

Agenda Page 5

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, January 15, 2019 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 Chairperson
Ronald Dell	Assistant Secretary
Kathleen Thatcher	Assistant Secretary

Also present:

Andy Mendenhall	District Manager
Vinney Galiano	District Engineer
Peter Schreuder	Water Resources
One resident

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 all Board Members were present.

SECOND ORDER OF BUSINESS	Public Comment on Agenda Items
Comments were received.

THIRD ORDER OF BUSINESS	Organizational Matters

A.	Oath of Office

	Mr. Steele was not in attendance and will be administered the Oath of Office at a later date.

	Mr. Dell was appointed to Seat 3.

	ON MOTION by Ms. Thatcher seconded by Ms. Hubbard with all in favor Mr. Ronald Dell was appointed Assistant Secretary. 4-0

Unapproved

Agenda Page 6

January 15, 2019	Live Oak No. 2 CDD

Mr. Mendenhall being a Notary Public of the State of Florida, administered the Oath of Office to Mr. Dell.

B.	Resolution 2019-1 Designating Officers

Discussion ensued regarding the restructuring of the Board.

ON MOTION by Mr. Dell seconded by Ms. Thatcher with all in favor Resolution 2019-1 designating Ms. Elizbeth Hubbard Chairperson, Ms. Kathleen Thatcher Vice Chairperson, Mr. Andrew Mendenhall Secretary, Mr. Stephen Bloom Treasurer, Mr. Alan Baldwin Assistant Treasurer, and Mr. Ronald Dell, Mr. David Steele and Mr. Richard Thatcher Assistant Secretaries was adopted. 4-0

FOURTH ORDER OF BUSINESS	Consent Agenda
A.	Approval of Minutes of the September 18, 2018 Meeting

B.	Financial Report Dated December 31, 2018

	ON MOTION by Ms. Hubbard seconded by Mr. Dell with all in favor the Consent Agenda was approved as presented. 4-0

FIFTH ORDER OF BUSINESS	Staff Reports
C.	Engineer

	i.   Pond Monitoring Report
Mr. Galiano and Mr. Schreuder reported on the following:
➢	King Engineering reviewed the ponds and all structures.

➢	A list was sent to Bio-Mass.

➢	A monitoring report on Pond 9-5 was provided and reviewed.

➢	Discussion ensued.

➢	It was determined that a full year worth of data would be preferable to submit to

	SWFWMD.

	ON MOTION by Mr. Dell seconded by Ms. Hubbard with all in favor further monitoring of the ponds through May 2019 was approved. 4-0

Let the record reflect Mr. Schreuder left the meeting.

A.	Manager
	i.   Acceptance of FY 2018 Audit Engagement Letter

unapproved

Agenda Page 7

January 15, 2019	Live Oak No. 2 CDD

ON MOTION by Ms. Hubbard seconded by Mr. Thatcher with all in favor the FY 2018 Audit Engagement Letter was accepted. 4-0

Mr. Mendenhall reported a repair on Bright Oak Court.

Mr. Mendenhall discussed the possibility of moving the next meeting to Monday, May 13,

May 14 in the morning, or April 30, 2019. The Board agreed to meet on April 30, 2019 at 6:30 p.m.

B.	Attorney
	None.

SIXTH ORDER OF BUSINESS	Supervisors’ Requests
o	Ms. Hubbard commented on a pipe floating in the pond in Briarwood.

o	Ms. Thatcher commented on dead cypress trees.

SEVENTH ORDER OF BUSINESS	Audience Comments
None.

EIGHTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Hubbard seconded by Mr. Dell with all in favor the meeting was adjourned. 4-0

Elizabeth Hubbard
Chairperson

unapproved

Agenda Page 8

3B.

Agenda Page 9

LIVE OAK NO. 2

Community Development District

Financial Report

March 31, 2019

Prepared by:

				Agenda Page 10	
	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	

Notes	………………………………………………………………………………………… Page 9

Agenda Page 11

LIVE OAK NO. 2
Community Development District

Financial Statements

(Unaudited)

March 31, 2019

LIVE OAK NO. 2										Agenda Page 12		
									Governmental Funds		
Community Development District											
												
				Balance Sheet									
				March 31, 2019									
									SERIES 2016						
						GENERAL			DEBT						
									SERVICE			TOTAL		
		ACCOUNT DESCRIPTION			FUND			FUND					
	ASSETS												
																
	Cash - Checking Account	$	600,906	$	-	$	600,906			
	Due From Other Funds			-			544,029			544,029			
	Investments:												
	Certificates of Deposit - 6 Months			101,480			-			101,480			
	Money Market Account			407,064			-			407,064			
	Reserve Fund			-			276,451			276,451			
	Revenue Fund			-			60,241			60,241			
											
	TOTAL ASSETS	$	1,109,450	$	880,721	$	1,990,171			
																
	LIABILITIES												
															
	Accounts Payable	$	5,548	$	-	$	5,548			
	Accrued Expenses			2,070			-			2,070			
	Due To Other Funds			544,029			-			544,029			
													
	TOTAL LIABILITIES			551,647			-			551,647			
	FUND BALANCES													
	Restricted for:												
	Debt Service			-			880,721			880,721			
	Assigned to:												
	Operating Reserves			52,831			-			52,831			
	Reserves - Ponds			170,751			-			170,751			
	Unassigned:			334,221			-			334,221			
											
	TOTAL FUND BALANCES	$	557,803	$	880,721	$	1,438,524			
											
	TOTAL LIABILITIES & FUND BALANCES	$	1,109,450	$	880,721	$	1,990,171			

1

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 March 31, 2019										
										ANNUAL													
					ACCOUNT DESCRIPTION				ADOPTED		YEAR TO DATE			YEAR TO DATE			VARIANCE ($)		
									BUDGET			BUDGET			ACTUAL				FAV(UNFAV)		
		REVENUES																		
			Interest - Investments	$	1,000	$	500	$	4,475	$	3,975			
			Interest - Tax Collector				-			-			169				169			
			Special Assmnts- Tax Collector				253,094			243,158			243,375				217			
			Special Assmnts- Discounts				(10,124)			(9,729)			(9,583)				146			
			Other Miscellaneous Revenues				-			-			519				519			
																			
		TOTAL REVENUES				243,970			233,929			238,955				5,026			
		EXPENDITURES																		
			Administration																	
																						
			P/R-Board of Supervisors				6,000			3,000			600				2,400			
			FICA Taxes				459			230			46				184			
			ProfServ-Arbitrage Rebate				600			-			-				-			
			ProfServ-Dissemination Agent				1,000			-			-				-			
			ProfServ-Engineering				15,000			7,500			7,470				30			
			ProfServ-Legal Services				3,000			1,500			997				503			
			ProfServ-Mgmt Consulting Serv				40,000			20,000			20,000				-			
			ProfServ-Special Assessment				12,500			12,500			12,500				-			
			ProfServ-Trustee Fees				3,717			-			-				-			
			Auditing Services				3,500			-			-				-			
			Postage and Freight				500			250			22				228			
			Insurance - General Liability				9,141			9,141			7,812				1,329			
			Printing and Binding				300			150			66				84			
			Legal Advertising				900			450			-				450			
			Misc-Bank Charges				300			150			141				9			
			Misc-Assessmnt Collection Cost				5,062			4,836			4,673				163			
			Misc-Web Hosting				1,000			1,000			468				532			
			Office Supplies				100			50			-				50			
			Annual District Filing Fee				175			175			175				-			
			Total Administration				103,254			60,932			54,970				5,962			
			Field																		
			Contracts-Envirom'l Monitoring				3,200			1,600			2,400				(800)			
			Contracts-Landscape				44,238			22,119			22,119				-			
			Contracts-Lakes				16,596			8,298			8,298				-			
			R&M-Fence				5,000			2,500			225				2,275			
			R&M-Lake				7,500			3,750			1,060				2,690			
			R&M-Wetland Monitoring				8,000			4,000			-				4,000			
			Misc-Contingency				25,000			12,500			-				12,500			
			Reserve - Ponds				31,182			-			-				-			
			Total Field				140,716			54,767			34,102				20,665			
		TOTAL EXPENDITURES				243,970			115,699			89,072				26,627			

2

LIVE OAK NO. 2										Agenda Page 14		
												General Fund		
Community Development District														
																
	Statement of Revenues, Expenditures and Changes in Fund Balances							
	For the Period Ending March 31, 2019										
				ANNUAL													
	ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		YEAR TO DATE			VARIANCE ($)		
				BUDGET			BUDGET			ACTUAL				FAV(UNFAV)		
	Excess (deficiency) of revenues																
	Over (under) expenditures			-			118,230			149,883				31,653			
	Net change in fund balance	$	-	$	118,230	$	149,883	$	31,653			
	FUND BALANCE, BEGINNING (OCT 1, 2018)			407,920			407,920			407,920							
	FUND BALANCE, ENDING	$	407,920	$	526,150	$	557,803							

3

LIVE OAK NO. 2										Agenda Page 15		
								Series 2016 Debt Service Fund		
Community Development District										
																
						Statement of Revenues, Expenditures and Changes in Fund Balances							
							For the Period Ending March 31, 2019										
										ANNUAL													
					ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		YEAR TO DATE			VARIANCE ($)		
								BUDGET			BUDGET			ACTUAL				FAV(UNFAV)		
		REVENUES																	
			Interest - Investments	$	-	$	-	$	565	$	565			
			Special Assmnts- Tax Collector			600,454			548,724			577,397				28,673			
			Special Assmnts- Discounts			(24,018)			(21,949)			(22,734)				(785)			
																		
		TOTAL REVENUES			576,436			526,775			555,228				28,453			
		EXPENDITURES																	
			Administration																
																						
			Misc-Assessmnt Collection Cost			12,010			10,975			11,086				(111)			
			Total Administration			12,010			10,975			11,086				(111)			
			Debt Service																	
			Principal Debt Retirement			320,000			-			-				-			
			Interest Expense			231,036			115,518			115,518				-			
			Total Debt Service			551,036			115,518			115,518				-			
																		
		TOTAL EXPENDITURES			563,046			126,493			126,604				(111)			
			Excess (deficiency) of revenues																
			Over (under) expenditures			13,390			400,282			428,624				28,342			
		OTHER FINANCING SOURCES (USES)																	
			Contribution to (Use of) Fund Balance			13,390			-			-				-			
																		
		TOTAL FINANCING SOURCES (USES)			13,390			-			-				-			
		Net change in fund balance	$	13,390	$	400,282	$	428,624	$	28,342			
		FUND BALANCE, BEGINNING (OCT 1, 2018)			452,097			452,097			452,097							
		FUND BALANCE, ENDING	$	465,487	$	852,379	$	880,721							

4

Agenda Page 16

LIVE OAK NO. 2
Community Development District

Supporting Schedules

March 31, 2019

LIVE OAK NO. 2

Agenda Page 17

Community Development District

Non-Ad Valorem Special Assessments (Hillsborough County Tax Collector - Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2019

												ALLOCATION BY FUND	
				Discount /						Gross					
Date		Net Amount		(Penalties)		Tax Coll	Prop Appr		Amount		General	Debt Service	
Received		Rcv'd		Amount		Cost		Cost		Received		Fund		Fund**	
Assessments Levied FY '19								$853,548		$253,094		$600,454	
Allocation %										100%		30%		70%	
11/07/18	$	6,336.67	$	316.87	$	129.32	$	-	$	6,782.86	$	2,011.25	$	4,771.61	
11/16/18		32,267.38		1,372		659		-		34,298		10,170		24,128	
11/26/18		29,309.28		1,222		588		-		31,119		9,227		21,892	
12/07/18		660,007		28,062		13,470		-		701,539		208,020		493,519	
12/14/18		19,288		760		394		-		20,441		6,061		14,380	
01/07/19		13,308		420		272		-		14,000		4,151.22		9,848.60	
02/06/19		3,775		79		77		-		3,930.58		1,165.49		2,765.09	
03/07/19		8,404.69		85.87		171.53		-		8,662		2,568.48		6,093.61	
								-		-		-		-	
TOTAL	$	772,697	$	32,317	$	15,759	$	-	$	820,773	$	243,375	$	577,397	
															
% COLLECTED										96%		96%		96%	
															
TOTAL O/S									$	32,775	$	9,719	$	23,057	

5

														Agenda Page 18		
	LIVE OAK NO. 2														All Funds		
	Community Development District															
																			
					Cash and Investment Report												
						March 31, 2019												
																			
	General Fund																		
	Account Name		Bank Name		Investment Type	Maturity		Yield				Balance		
																				
	Checking Account-Operating		SunTrust	Checking Account	n/a	0.00%			$600,906			
	Certificate of Deposit	Florida Community Bank		6 MO CD - #2700	07/17/19		0.45%			101,480			
	MMA-0186		BankUnited	Money Market Account	n/a	0.78%			407,064			
											Total-GF						
														$1,109,450			
																			
	Debt Service Funds																		
	Account Name		Bank Name		Investment Type	Maturity		Yield				Balance		
																				
	Series 2016 Reserve Fund		US Bank	US Bank Open Ended CP	n/a	0.00%			276,451			
	Series 2016 Revenue Fund		US Bank	US Bank Open Ended CP	n/a	0.00%	(2)	60,241			
											Total-DS						
														$337,397			
												Total						
															$1,446,848			

6

Live Oak No. 2 CDD	Agenda Page 19	
Bank Reconciliation			
Bank Account No.	9534	SunTrust Bank N.A. - GF	
Statement No.	03-19		
Statement Date	3/31/2019		

G/L Balance (LCY)	600,906.15		Statement Balance	609,746.15				
	G/L Balance	600,906.15		Outstanding Deposits	0.00				
Positive Adjustments	0.00	Subtotal						
			609,746.15				

	Subtotal	600,906.15		Outstanding Checks	8,840.00				
Negative Adjustments	0.00	Differences	0.00				
Ending G/L Balance				Ending Balance						
	600,906.15			600,906.15				
	Difference	0.00							
Posting	Document	Document				Cleared			
Date	Type	No.	Description	Amount	Amount	Difference		
Outstanding Checks										
3/28/2019	Payment	003755		KING ENGINEERING ASSOCIATES, I	1,467.00	0.00	1,467.00		
3/28/2019	Payment	003756		LANDSCAPE MAINTENANCE	7,373.00	0.00	7,373.00		
Total Outstanding Checks......................................................................................................................	8,840.00		8,840.00		

7

Agenda Page 20

					LIVE OAK NO. 2					
				Community Development District				
											
					Payment Register by Fund					
				For the Period from 3/1/2019 to 3/31/2019					
				(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	003751	03/01/19	AMERICAN ECOSYSTEMS, INC	1903209		MAR 2019 WATER MGMT TRTMNT	Contracts-Lakes	534084-53901	$1,383.00		
001	003752	03/01/19	INFRAMARK, LLC	38593		FEB MGMNT SRVS	ProfServ-Mgmt Consulting Serv	531027-51201	$3,333.33		
001	003752	03/01/19	INFRAMARK, LLC	38593		FEB MGMNT SRVS	ProfServ-Mgmt Consulting Serv	531027-51201	$95.83		
001	003752	03/01/19	INFRAMARK, LLC	38593		FEB MGMNT SRVS	Postage and Freight	541006-51301	$4.70		
001	003752	03/01/19	INFRAMARK, LLC	38593		FEB MGMNT SRVS	Printing and Binding	547001-51301	$10.45		
001	003752	03/01/19	INFRAMARK, LLC	38593		FEB MGMNT SRVS	Misc-Web Hosting	549915-51301	$64.58		
001	003753	03/01/19	KING ENGINEERING ASSOCIATES, I	104039		ENGG SVCS THRU JAN 2019	ProfServ-Engineering	531013-51501	$1,778.00		
001	003754	03/06/19	INFRAMARK, LLC	37592		JAN 2019 MGMNT SRVS	ProfServ-Mgmt Consulting Serv	531027-51201	$3,237.50		
001	003754	03/06/19	INFRAMARK, LLC	37592		JAN 2019 MGMNT SRVS	Postage and Freight	541006-51301	$4.61		
001	003754	03/06/19	INFRAMARK, LLC	37592		JAN 2019 MGMNT SRVS	Printing and Binding	547001-51301	$7.95		
001	003754	03/06/19	INFRAMARK, LLC	37592		JAN 2019 MGMNT SRVS	Misc-Web Hosting	549915-51301	$64.58		
001	003755	03/28/19	KING ENGINEERING ASSOCIATES, I	104986		GEN ENGINEERING THRU 2/28/19	ProfServ-Engineering	531013-51501	$1,467.00		
001	003756	03/28/19	LANDSCAPE MAINTENANCE	140725		FEB 2019 LANDSCAPE MAINT	JAN 2019	534050-53901	$3,686.50		
001	003756	03/28/19	LANDSCAPE MAINTENANCE	141490		March 2019 LANDSCAPE MAINT	JAN 2019	534050-53901	$3,686.50		
001	253	03/22/19	LIVE OAK NO. 2 CDD	0031119-2019   TRFR FUNDS TO CHECKING 9534	Cash with Fiscal Agent	103000	$535,460.53		
								Fund Total			
									$554,285.06		

								Total Checks Paid	$554,285.06		

8

Agenda Page 21
LIVE OAK NO. 2

Community Development District	Governmental Funds

Notes to the Financial Statements

Assets

►	The District has one Money Market Account and one CD.  See cash report for additional information.

Fund Balance

►	The Reserves for FY19 have been assigned.

General Fund

►	Special Assessments are 96 % collected.

►	Total Expenditures are 36.5% of the Annual Adopted Budget.

	Debt Service Fund

►	Special Assessments are 96 % collected.

9

Agenda Page 22

3C

Agenda Page 23

Griffin Brother's Civil Construction		Estimate				
						
Division of Bio Mass Tech, Inc.								
		Date		Estimate #				
15212 State Road 52								
		I 4/10/2019	I	1925		I		
Land O' Lakes, FL 34638								

Name / Address								

Live Oak II CDD								
C/O INFRAMARK								
210 N. University Drive, Ste 702								
Coral Springs, Fl 33071								

J

			I	Project	7		
					-		
							
				1925 Stormwater O...		
			I		-		
							
Description	Qty	U/M	Rate	Total	-		
Operation & Maintenance of Stormwater System	1	LS	12,040.55				
				12,040.55		

Scope of work shall include the clearing and maintenance of

the Stormwater system as itemized in the King Engineering

Memorandum dated 7/24/2018, see attached schedule of

work to be completed for itemized schedule of values.

l

l	l	I	I	
	I	Total	$12,040.55_J	

Agenda Page 24

		Live Oak Preserve Phase 2A Stormwater O&M							
Location of			Survey to establish	Estimated Plant		Cost per		Installed	Clearing and		
	Scope of Work							Plant			
Work				Planting Zones	Quantity		Plant			Debris Removal		
									Price			

Pond 9-1	Plantings	0.06	$	500.00	335	$	2.68	$	898.71				
Pond 9-2	No Work												
Pond 9-3	Plantings	0.22	$	500.00	1230	$	2.68	$	3,295.27				
Pond 9-4	Plantings	0.08	$	500.00	447	$	2.68	$	1,198.28				
Pond 9-5	No Work												
Pond 9-6	No Work												
Pond 9-7	No Work												
Pond 9-8	No Work												
W-L2-2	No Work												
932	No Work												
CS M1-3	No Work												
Pond 10-1	Plantings	0.08	$	500.00	447	$	2.68	$	1,198.28				
Pond 10-2	No Work												
Pond 11-1	No Work												
Pond 11-2	Clearing of Weir	W11-2C								$	475.00		
CS-L3													
Pond 14-1													
Pond 14-2	Clearing of Weir	WM8A								$	475.00		
Pond 14-3													
Pond 14-4	Clearing of Weir	W14-4								$	475.00		
Pond 14-5													
CS M9	Clearing of Structure									$	350.00		
Curb Inlets	Debris removal and inspection of sediment						$	1,675.00		
													
			$	2,000.00				$	6,590.55	$	3,450.00		
												
								Total Price	$	12,040.55		

Agenda Page 25

Fourth Order of Business

Agenda Page 26

4Ai.

Agenda Page 27

LIVE OAK NO. 2

Community Development District

Annual Operating and Debt Service Budget

Fiscal Year 2020

Version 1 - Proposed Budget

Printed on 04/18/19	at 12:00 PM

Prepared by:

Agenda Page 28
LIVE OAK NO. 2

Community Development District

Table of Contents

				Page #	
OPERATING BUDGET			
General Fund		
Summary of Revenues, Expenditures and Changes in Fund Balances ……………………………..	1	
Budget Narrative ……………………………………………………………………………………………	2-4	
Exhibit A - Allocation of Fund Balances ………………………………………………………………….	5	
DEBT SERVICE BUDGET		
Series 2016			
Summary of Revenues, Expenditures and Changes in Fund Balances ……………………………..	6	
Amortization Schedule  ……………………………………………………………………………………	7	
SUPPORTING BUDGET SCHEDULES		
			
2019-2020 Non-Ad Valorem Assessment Summary ………………………………………………………..	8	

Agenda Page 29
LIVE OAK NO. 2

Community Development District															General Fund	
Summary of Revenues, Expenditures and Changes in Fund Balances					
			Fiscal Year 2020 Proposed Budget										
								ADOPTED			ACTUAL		PROJECTED			TOTAL			ANNUAL	
			ACTUAL			ACTUAL			BUDGET			THRU			APRIL-		PROJECTED			BUDGET	
ACCOUNT DESCRIPTION			FY 2017			FY 2018			FY 2019		MAR-2019			SEP-2019			FY 2019			FY 2020	
REVENUES																						
Interest - Investments	$	1,761	$	3,218	$	1,000	$	4,475	$	1,000	$	5,475	$	3,000	
Interest - Tax Collector			-			545			-			169			-			169			-	
Special Assmnts- Tax Collector			256,049			256,049			253,094			243,375			9,719			253,094			253,093	
Special Assmnts- Discounts			(9,543)			(9,761)			(10,124)			(9,583)			-			(9,583)			(10,124)	
Other Miscellaneous Revenues			1,667			-			-			519			-			519			-	
																						
TOTAL REVENUES			249,934			250,051			243,970			238,955			10,719			249,674			245,969	
EXPENDITURES																						
Administrative																						
P/R-Board of Supervisors			3,200			4,000			6,000			600			3,000			3,600			6,000	
FICA Taxes			245			306			459			46			230			275			459	
ProfServ-Arbitrage Rebate			600			600			600			-			600			600			600	
ProfServ-Dissemination Agent			-			1,000			1,000			-			1,000			1,000			1,000	
ProfServ-Engineering			27,104			20,739			15,000			7,470			7,530			15,000			15,000	
ProfServ-Legal Services			2,969			1,731			3,000			997			2,003			3,000			3,000	
ProfServ-Mgmt Consulting Serv			38,850			38,850			40,000			20,000			20,000			40,000			40,000	
ProfServ-Special Assessment			12,500			12,500			12,500			12,500			-			12,500			12,500	
ProfServ-Trustee Fees			3,971			3,971			3,717			-			3,971			3,971			3,971	
Auditing Services			3,500			3,500			3,500			-			3,500			3,500			3,500	
Postage and Freight			70			121			500			22			74			96			500	
Insurance - General Liability			8,310			8,310			9,141			7,812			-			7,812			8,593	
Printing and Binding			125			114			300			66			150			216			300	
Legal Advertising			1,762			2,795			900			-			900			900			900	
Misc-Bank Charges - SunTrust			295			282			300			141			150			291			300	
Misc-Assessmnt Collection Cost			3,372			1			5,062			4,673			194			4,867			5,062	
Misc-Web Hosting			775			-			1,000			468			500			968			1,000	
Office Supplies			-			-			100			-			50			50			100	
Annual District Filing Fee			175			175			175			175			-			175			175	
Total Administrative			107,823			98,995			103,254			54,970			43,851			98,820			104,188	
Field																						
Contracts-Envirom'l Monitoring			-			3,200			3,200			2,400			800			3,200			3,200	
Contracts-Landscape			44,238			44,238			44,238			22,119			22,119			44,238			44,238	
Contracts-Lakes			16,596			16,596			16,596			8,298			8,298			16,596			16,596	
R&M-Fence			2,015			225			5,000			225			2,500			2,725			5,000	
R&M-Lake			7,746			31,688			7,500			1,060			3,750			4,810			7,500	
R&M-Wetland Monitoring			2,400			7,350			8,000			-			8,000			8,000			8,000	
Misc-Contingency			26,125			9,739			25,000			-			12,500			12,500			26,065	
Reserve - Ponds			24,432			-			31,182			-			-			-			31,182	
Total Field			123,552			113,036			140,716			34,102			57,967			92,069			141,781	
																						
TOTAL EXPENDITURES			231,375			212,031			243,970			89,072			101,818			190,889			245,969	
Net change in fund balance			18,559			38,020			-			149,883			(91,099)			58,785			-	
FUND BALANCE, BEGINNING			351,341			369,900			407,920			407,920			-			407,920			466,705	
FUND BALANCE, ENDING	$	369,900	$	407,920	$	407,920	$	557,803	$	(91,099)	$	466,705	$	466,705	

Annual Operating and Debt Service Budget	1		
Fiscal Year 2020			

Agenda Page 30

Live Oak No. 2

Community Development District

Operating Budget

Fiscal Year 2020

Agenda Page 31

Live Oak No. 2
Community Development District	General Fund

Budget Narrative

Fiscal Year 2020

REVENUES

Special Assessment – Tax Collector

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

Special Assessment – Discount

Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

EXPENDITURES

ADMINISTRATIVE

P/R Board of Supervisor

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for a meeting attendance and to receive $200 per meeting plus payroll taxes.

FICA Taxes

Payroll taxes for the Supervisors’ salaries are calculated at 7.65% of gross payroll.

Professional Services-Arbitrage Rebate Calculation

The District will contract with an independent certified public account to annually calculate the District’s Arbitrage Rebate Liability on the Series of Benefit Special Assessment Bonds. The budgeted amount for the fiscal year is based on standard fees charged for this service.

Professional Services-Dissemination Agent

The District is required by the Securities and Exchange Commission to comply with rule 15c2-12(b)-(5), which relates to additional supporting requirements for unrelated bond issues. The budgeted amount for the fiscal year is based on the Series 2016 Continuing Disclosure Certificate found in the indenture.

Professional Services-Engineering

The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc. Fees are based on estimated activity.

Professional Services-Legal

The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Fees are based on estimated activity.

Professional Services-Management Consulting

The District receives Management, Accounting, IT and Administrative services as part of a Management Agreement with Inframark - Infrastructure Management Services. The fees are related to the current contracted fees in the Management Agreement.

Professional Services-Special Assessments

The District has contracted with Inframark - Infrastructure Management Services for the collection of assessments, updating the District’s tax roll and levying the annual assessment.

Annual Operating and Debt Service Budget

Fiscal Year 2020

2

Agenda Page 32

Live Oak No. 2
Community Development District	General Fund

Budget Narrative

Fiscal Year 2020

EXPENDITURES

ADMINISTRATIVE (CONTINUED)

Professional Services-Trustee

The District pays US Bank an annual fee for trustee services on the Series 2016 Special Assessments Refunding Bond. The budgeted amount was provided by the Trustee.

Auditing Services

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The fee is based on existing year’s engagement letter.

Postage & Freight

Mailing of agenda packages, overnight deliveries & correspondence.

Insurance – General Liability

The District has general liability insurance. These insurance policies are held with Public Risk Insurance. Public Risk Insurance specializes in providing insurance coverage to governmental agencies. The amount is based upon historical expenses with a projected 10% increase.

Printing & Binding

Printing & binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

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

Misc- Bank Charges

Bank Fees charged by SunTrust on the main operating account.

Misc-Assessment Collection Fee

The District reimburses the Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2% of the anticipated assessment collections.

Misc–Web Hosting

The District will create and maintain a website for public access to the District’s activities.

Office Supplies

Miscellaneous office supplies required to prepare agenda packages.

Annual District Filing Fee

The District is required to pay an annual fee to the Department of Economic Opportunity Division of Community Development for $175.

Annual Operating and Debt Service Budget

Fiscal Year 2020

3

Agenda Page 33

Live Oak No. 2
Community Development District	General Fund

Budget Narrative

Fiscal Year 2020

EXPENDITURES

OPERATIONS & MAINTENANCE

Contracts – Envirom’l Monitoring

The District will contract with Florida Native Nursery to remove and maintain the overgrown weeds and brush in 3 flood compensation areas. The ongoing quarterly maintenance for mitigation of the area is $800 per quarter.

Contracts - Landscape

The District currently has a contract with Landscape Maintenance Professionals, Inc. to maintain the landscaping and irrigation system of the common areas within the District. The contract amount is $3,687 per month.

Contracts-Lakes

The District has a contract with American EcoSystems to provide lake spray services to 27 ponds for $1,383/mo.

R&M - Fence

The District anticipates fence repair expenses.

R&M – Lake

The District expects to incur minor lake maintenance expenditures.

R&M-Wetland Monitoring

Monitoring and reporting services for the District’s lakes will be provided by Driggers & King Engineering.

Misc-Contingency

This category represents miscellaneous expenditures incurred during the year that cannot be otherwise classified.

Reserves-Ponds

This represents reserves the district has budgeted and intends to designate as funds to set aside to cover future capital expenditures which may require substantial cash use.

Annual Operating and Debt Service Budget

Fiscal Year 2020

4

LIVE OAK NO. 2		Agenda Page 34		
						
Community Development District		General Fund		
			Exhibit "A"						
			Allocation of Fund Balances						
		AVAILABLE FUNDS						
					Amount		
								
		Beginning Fund Balance - Fiscal Year 2020	$	466,705			
		Net Change in Fund Balance - Fiscal Year 2020		-			
		Reserves - Fiscal Year 2020 Additions		31,182			
						
	Total Funds Available (Estimated) - 9/30/2020		497,887			

ALLOCATION OF AVAILABLE FUNDS

Assigned Fund Balance				(1)		
Operating Reserve - First Quarter Operating Capital			53,697			
Reserves - Ponds	170,751					
Reserves - Ponds - FY19 (Projected)	31,182					
Reserves - Ponds - FY20 (Proposed)	31,182		233,115			
							
		Subtotal	286,812			
							
Total Allocation of Available Funds			286,812			
						
Total Unassigned (undesignated) Cash	$	211,075			

Notes

(1) Represents approximately 3 months of operating expenditures

Annual Operating and Debt Service Budget	5		
Fiscal Year 2020			

Agenda Page 35

Live Oak No. 2

Community Development District

Debt Service Budget

Fiscal Year 2020

LIVE OAK NO. 2																	Agenda Page 36		
											Debt Service Series 2016 Fund		
Community Development District													
Summary of Revenues, Expenditures and Changes in Fund Balances						
				Fiscal Year 2020 Proposed Budget											
									ADOPTED			ACTUAL		PROJECTED			TOTAL		ANNUAL		
				ACTUAL		ACTUAL			BUDGET			THRU			APRIL-		PROJECTED		BUDGET		
ACCOUNT DESCRIPTION				FY 2017			FY 2018			FY 2019			MAR-2019			SEP-2019			FY 2019			FY 2020		
REVENUES																						
Interest - Investments	$	866	$	1,088	$	-	$	565	$	363	$	928	$	-		
Special Assmnts- Tax Collector		600,455			600,455			600,454			577,397			23,057			600,454			600,454		
Special Assmnts- Prepayment		-			-			-			-			-			-			-		
Special Assmnts- Discounts		(22,379)			(22,891)			(24,018)			(22,734)			-			(22,734)			(24,018)		
																						
TOTAL REVENUES		578,942			578,652			576,436			555,228			23,420			578,648			576,436		
EXPENDITURES																						
Administrative																						
Misc-Assessmnt Collection Cost		7,907			11,105			12,010			11,086			461			11,547	$	12,009		
																							
Total Administrative			7,907			11,105			12,010			11,086			461			11,547			12,009		
Debt Service																						
Principal Debt Retirement		310,000			315,000			320,000			-			320,000			320,000			330,000		
Prepayments Series		15,000			5,000			-			-						-			-		
Interest Expense Series		245,548			238,324			231,036			115,518			115,518			231,036			223,836		
																							
Total Debt Service			570,548			558,324			551,036			115,518			435,518			551,036			553,836		
																						
TOTAL EXPENDITURES		578,455			569,429			563,046			126,604			435,978			562,583			565,844		
Excess (deficiency) of revenues																						
Over (under) expenditures			487			9,223			13,390			428,624			(412,558)			16,065			10,591		
OTHER FINANCING SOURCES (USES)																						
Contribution to (Use of) Fund																						
Balance		-			-			13,390			-			-			-			10,590		
																						
TOTAL OTHER SOURCES (USES)		-			-			13,390			-			-			-			10,590		
Net change in fund balance			487			9,223			13,390			428,624			(412,558)			16,065			10,590		
FUND BALANCE, BEGINNING		(227,568)			442,386			452,097			452,097			-			452,097			468,162		
FUND BALANCE, ENDING	$	(227,081)	$	451,609	$	465,487	$	880,721	$	(412,558)	$	468,162	$	478,752		

Annual Operating and Debt Service Budget		
Fiscal Year 2020	6	

Agenda Page 37
LIVE OAK NO. 2

Community Development District

AMORTIZATION SCHEDULE

SPECIAL ASSESSMENT BONDS SERIES 2016A

Period	Principal	Coupon	Interest	Debt Service	Annual Debt		
Ending					Service		

11/1/2019			111,918	111,918			
5/1/2020	330,000	2.250%	111,918	441,918	553,836		
11/1/2020			108,206	108,206			
5/1/2021	335,000	2.000%	108,206	443,206	551,411		
11/1/2021			104,856	104,856			
5/1/2022	345,000	2.250%	104,856	449,856	554,711		
11/1/2022			100,974	100,974			
5/1/2023	355,000	2.600%	100,974	455,974	556,949		
11/1/2023			96,359	96,359			
5/1/2024	360,000	2.750%	96,359	456,359	552,719		
11/1/2024			91,409	91,409			
5/1/2025	375,000	3.125%	91,409	466,409	557,819		
11/1/2025			85,550	85,550			
5/1/2026	385,000	3.200%	85,550	470,550	556,100		
11/1/2026			79,390	79,390			
5/1/2027	400,000	3.300%	79,390	479,390	558,780		
11/1/2027			72,790	72,790			
5/1/2028	415,000	3.700%	72,790	487,790	560,580		
11/1/2028			65,113	65,113			
5/1/2029	430,000	3.700%	65,113	495,113	560,225		
11/1/2029			57,158	57,158			
5/1/2030	445,000	3.700%	57,158	502,158	559,315		
11/1/2030			48,925	48,925			
5/1/2031	450,000	3.700%	48,925	498,925	547,850		
11/1/2031			40,600	40,600			
5/1/2032	480,000	4.000%	40,600	520,600	561,200		
11/1/2032			31,000	31,000			
5/1/2033	500,000	4.000%	31,000	531,000	562,000		
11/1/2033			21,000	21,000			
5/1/2034	515,000	4.000%	21,000	536,000	557,000		
11/1/2034			10,700	10,700			
5/1/2035	535,000	4.000%	10,700	545,700	556,400		
11/1/2035							
Totals	6,975,000		2,482,931	9,457,931	9,457,931		

Annual Operating and Debt Service Budget		
Fiscal Year 2020	7	

Agenda Page 38

Live Oak No. 2

Community Development District

Supporting Budget Schedules

Fiscal Year 2020

LIVE OAK NO. 2

Agenda Page 39

Community Development District	All Funds

Comparison of Assessment Rates

Fiscal Year 2020 vs. Fiscal Year 2019

		General Fund 001			Debt Service			Total Assessments per Unit		Total	
		FY 2020	FY 2019	Percent		FY 2020	FY 2019	Percent		FY 2020	FY 2019	Percent		Units	
Product				Change				Change				Change			
45'		$328.69	$328.69	0.0%		$632.86	$632.86	0.0%		$961.55	$961.55	0.0%		191	
50'		$328.69	$328.69	0.0%		$717.24	$717.24	0.0%		$1,045.93	$1,045.93	0.0%		328	
60'		$328.69	$328.69	0.0%		$843.81	$843.81	0.0%		$1,172.50	$1,172.50	0.0%		134	
75'		$328.69	$328.69	0.0%		$1,096.95	$1,096.95	0.0%		$1,425.64	$1,425.64	0.0%		74	
80'		$328.69	$328.69	0.0%		$1,181.33	$1,181.33	0.0%		$1,510.02	$1,510.02	0.0%		43	
														770	

Annual Operating and Debt Service Budget

Fiscal Year 2020
8

Agenda Page 40

RESOLUTION 2019-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LIVE OAK NO. 2 COMMUNITY DEVELOPMENT DISTRICT APPROVING THE PROPOSED BUDGET FOR FISCAL YEAR 2020 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

WHEREAS, the District Manager has heretofore prepared and submitted to the Board a proposed operating and/or debt service budget for Fiscal Year 2020; a copy of which is attached hereto, and

WHEREAS, the Board of Supervisors has considered said proposed budget and desires to set the required public hearing thereon;

NOW,	THEREFORE	BE	IT	RESOLVED	BY	THE
BOARD OF SUPERVISORS OF THE LIVE OAK NO. 2
COMMUNITY DEVELOPMENT DISTRICT;

1.	The budget proposed by the District Manager for Fiscal Year 2020 is hereby approved as the basis for conducting a public hearing to adopt said budget.

2.	A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date:

July 16, 2019

Hour:

6:30 p.m.

Place:

Live Oak Clubhouse

9401 Oak Preserve Boulevard
Tampa, Florida

Notice of this public hearing shall be published in the manner prescribed in Florida Law.

Adopted this 30th day of April 2019.

Elizabeth Hubbard
Chairperson

Andrew P. Mendenhall, PMP
Assistant Secretary

Agenda Page 41

4Aii.

Agenda Page 42
Jayman Enterprises, LLC	Estimate		
				
1020 HILL FLOWER DR						
Brooksville, FL 34604			Date	Estimate #		

Phone #   (813)333-3008	jaymanenterprises@live.com	1/15/2019	411		
					
		www.jaymanenterprises.com				
							
	Name / Address						
							
	Live Oak 2 CDD						
	Andy Mendenhall						
	2634 Cypress Ridge Blvd						
	Suite 102						
	Wesley Chapel, Fl. 33544					

				Project	

Description	Qty	Rate		Total	
					
Pressure wash street side vinyl fencing along Kinnen St.	16,080	0.12		1,929.60	
located on the rear portion entrance to Live Oak 2.					
Pressure wash interior side of vinyl fencing along Kinnen	16,080	0.12		1,929.60	
St. located on the rear portion entrance to Live Oak 2.					

Client Signature
Total	$3,859.20