Boggy Creek Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900 www.boggycreekid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Boggy Creek Improvement District (“District”), scheduled to be held at 3:00 p.m. on Tuesday, September 16, 2025, at 6900 Tavistock Lakes Blvd., Ste 200, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via computer or the conference line:

Phone:1-844-621-3956	Computer: pfmcdd.webex.com	Participant Code: 2531 126 0013#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the August 19, 2025, Board of Supervisors’ Meeting

Business Matters
Consideration of Annual Arbitrage Rebate Calculations Proposal from LLS Tax Solutions, Inc. for the Series 2023 Bonds
Discussion and Consideration of Extending Annual Renewal for Interchange Landscape and Irrigation Maintenance Services Agreement with Cepra
Discussion of Matters Pertaining to BCID-Owned Beep Vehicles
Ratification of Operation and Maintenance Expenditures Paid in August 2025 in an amount totaling $101,595.09
Ratification of Requisition Nos. 491 – 493 Paid in July 2025 in an amount totaling
$12,088.33
Recommendation of Work Authorizations/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Landscape Supervisor
Irrigation Supervisor
Construction Supervisor
Supervisor Requests

Adjournment

Boggy Creek Improvement District

Minutes of the August 19, 2025, Board of Supervisors’ Meeting

BOGGY CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm Quorum

The Board of Supervisors’ Meeting for the Boggy Creek Improvement District was called to order on Tuesday, August 19, 2025, at 3:00 p.m. at 6900 Tavistock Lakes Blvd., Ste 200, Orlando, FL 32827.

Present:		
Richard Levey	Chair	(via phone)	
Damon Ventura	Vice Chair	
Ron Domingue	Assistant Secretary	
Thad Czapka	Assistant Secretary	
Also attending:		
Jennifer Walden	PFM	
Lynne Mullins	PFM	
Blake Firth	PFM	(via phone)	
Amanda Lane	PFM	
Jeffrey Newton	Donald W. McIntosh Associates	
Bob Schanck	Donald W. McIntosh Associates	
Tucker Mackie	Kutak Rock	
Carlos Negron	Berman	
Samantha Sharenow	Berman	
DJ Batten	Berman	
Eddie Padua	Berman	
Edgar Morales	Berman	
Katie Harmer	Berman	
Will Stafford	Tavistock	
Rudy Bautista	Tavistock	
Drew Dawson	Tavistock	(joined at 3:06 p.m.)	

SECOND ORDER OF BUSINESS	
Public Comment Period	

Dr. Levey called for public comments. He noted there were no comments from the public at this time.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the July 15, 2025, Board of Supervisors’ Meeting
The Board reviewed the minutes of the July 15, 2025, Board of Supervisors’ Meeting.

On motion by Mr. Czapka, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Minutes of the July 15, 2025, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2025-07, Approving an Annual Meeting Schedule for Fiscal Year 2026
Ms. Walden stated the recommendation for the Board of Supervisors’ Meeting schedule is to keep the third Tuesday of every month, except for March which would be the second Tuesday of the month due to Spring Break, at 3:00 p.m. at the same location. The recommendation for the Construction Committee Meeting schedule is to keep the second Thursday of the month at 3:30 p.m. at the same location.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Resolution 2025-07, Approving an Annual Meeting Schedule for Fiscal Year 2026, setting the Board of Supervisors’ Meetings for the third Tuesday of each month, with the exception of March which would be the second Tuesday of the month, at 3:00 p.m. at the Tavistock offices, 6900 Tavistock Lakes Blvd., Suite 200, Orlando, Florida 32827 and the Construction Committee Meetings for the second Thursday of each month at 3:30 p.m. at the Tavistock offices, 6900 Tavistock Lakes Blvd., Suite 200, Orlando, Florida 32827.

FIFTH ORDER OF BUSINESS	Discussion Regarding Award of Landscape	and	Irrigation Maintenance Services – Lake Nona Boulevard South and Roadways
Ms. Walden noted that Prince & Sons has withdrawn their bid. They were under the impression that they would receive all the sections if awarded the work. The recommendation is to move forward with the second highest ranked bidder for Section #2, which is Cepra. She noted that Section #1 was already awarded to Cepra.

On motion by Mr. Ventura, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Award of Landscape and Irrigation Maintenance Services – Lake Nona Boulevard South and Roadways Section #2 to the second highest ranked bidder, Cepra.

Ms. Mackie noted that the Board can draw on the Prince & Sons’ bid bond if they so choose and gave an overview of that process. The Board discussed and agreed to not pursue the bid bond.

SIXTH ORDER OF BUSINESS	Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2025- 08, Adopting the Fiscal Year 2026 Budget and Appropriating Funds

On motion by Mr. Ventura, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District opened the public hearing.

Ms. Walden noted the public hearing was noticed pursuant to Florida Statutes.
Ms. Walden gave an overview of the budget exhibit, assessments and resolution. It was noted that the budget is the same overall budget that was reviewed in May and assessments have not changed.

There were no public or Board comments at this time.

On motion by Mr. Czapka, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District closed the public hearing.

On motion by Mr. Ventura, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Resolution 2025-08, Adopting the Fiscal Year 2026 Budget and Appropriating Funds.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2025-09, Adopting an Assessment Roll for Fiscal Year 2026 Budget and Certifying Special Assessments for Collection

Ms. Walden noted this is to impose the assessments for the budget that was just approved.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Resolution 2025-09, Adopting an Assessment Roll for Fiscal Year 2026 Budget and Certifying Special Assessments for Collection.

EIGHTH ORDER OF BUSINESS	Consideration of Resolution 2025-10, Adopting Goals, Objectives, and Performance Measures and Standards

Ms. Walden noted this is an annual statutory requirement. The goals and objectives have not changed from last year and they are listed as an exhibit. She added that these are all items that the District currently does.

On motion by Mr. Domingue, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Resolution 2025-10, Adopting Goals, Objectives, and Performance Measures and Standards.

NINTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in

July 2025 in an amount totaling
$256,284.92
Dr. Levey noted these have been approved and need ratification.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in July 2025 in an amount totaling $256,284.92.

TENTH ORDER OF BUSINESS	Ratification of Requisition Nos. 486 –
490 Paid in July 2025 in an amount totaling $16,120.68
Dr. Levey noted these have been approved and need ratification.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved Requisition Nos. 486 – 490 Paid in July 2025 in an amount totaling $16,120.68.

ELEVENTH ORDER OF BUSINESS	Recommendation	of	Work Authorizations/Proposed Services
Ms. Walden noted there are nine Work Authorizations.

The first Work Authorization is from Berman for bridge lighting change out in the amount of $15,660.00. This is for 58 lights, and it was noted they are completely out.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $15,660.00 for BCID Bridge Lighting Change Out with Berman.

The second Work Authorization is from Berman for the divided sign replacement in the amount of
$1,125.92. It was noted this is for a new sign and this should be the City’s responsibility. However, the City will take a long time to replace. It was noted the pole is the most expensive piece of the services.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $1,125.92 for the Divided Sign Replacement with Berman.

The third Work Authorization is from Berman for the flower bed repair in the amount of $1,776.00. It was noted this was hit by a vehicle.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $1,776.00 for the Flower Bed Repair with Berman.

The fourth Work Authorization is from Cepra for new plant material in the amount of $6,250.00. It was noted this has been looked at previously and is an enhancement to get rid of some of the declining rose beds. Mr. Stafford requested switching out the arboricolas for a different shrub.

On motion by Mr. Domingue, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $6,250.00 for the New Plant Material with Cepra.

The fifth Work Authorization is from Cepra for old rose bed removal and installation of Farfugium in the middle island rose bed across from Pixon in the amount of $17,650.00.

On motion by Mr. Domingue, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $17,650.00 for Old Rose Bed Removal and Installation of Farfugium with Cepra.

The sixth Work Authorization is from Cepra for new plant material by Helios in the amount of $1,500.00.

On motion by Mr. Ventura, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $1,500.00 for the New Plant Material by Helios with Cepra.

The seventh Work Authorization is from Cepra for repairing landscape damages on Nemours Parkway in the amount of $3,247.00.

On motion by Mr. Ventura, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $3,247.00 for Repairing Landscape Damages on Nemours Parkway with Cepra.

The eighth Work Authorization is from Cepra to remove and replace damaged Confederate Jasmine at the corner of Nemours Parkway and Lake Nona Boulevard in the amount of $6,919.00.

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $6,919.00 for the Removal and Replacement of Damaged Confederate Jasmine with Cepra.

The ninth Work Authorization is with Cepra for sod replacement in the amount of $6,750.00.

On motion by Mr. Ventura, seconded by Mr. Czapka, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District approved the Work Authorization in the amount of $6,750.00 for the Sod Replacement with Cepra.

TWELFTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD
Ms. Walden noted the financials are updated through July. The District has spent approximately 59% of the adopted budget. She noted the District has spent a large amount of contingency on the trail. As such, a line item for the trail has been created in the Fiscal Year 2026 budget. No action was required.

THIRTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.	
District Manager –	Ms. Walden noted that the next meeting is on Tuesday, September 16, 2025. Ms. Walden noted the Developer would like for the Board to rescind their approval of Resolution 2025-06, Designating a Public Depository with Valley Bank. The Developer would like to stay with City National Bank,
who is offering 3.9% interest, and is working on waiving the current fees.	

On motion by Mr. Ventura, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District rescinded Resolution 2025-06, Designating a Public Depository with Valley Bank.

District Engineer –	Mr. Newton gave an update regarding the signal installation at the intersection at Laureate Boulevard and Veterans Way. The traffic is going to be reduced to one lane in each direction until the signal is functional. It was noted the signal is probably eight months from being completed.	
Landscape Supervisor –	It was noted the tree trimming is ¾ of the way completed. There was a request to have the magnolias trimmed around the stop sign on Nemours, when heading east.	
Irrigation Supervisor –	No report.	
Construction Supervisor –	Lake Nona Boulevard West Lift Station progress is moving forward as	
planned.

FOURTEENTH ORDER OF BUSINESS	Supervisor Requests

There were no other Supervisor requests at this time.

FIFTEENTH ORDER OF BUSINESS	Adjournment
Dr. Levey requested a motion to adjourn.

On motion by Mr. Czapka, seconded by Mr. Ventura, with all in favor, the August 19, 2025, Meeting of the Board of Supervisors for the Boggy Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

Boggy Creek Improvement District

Annual Arbitrage Rebate Calculations Proposal from LLS Tax Solutions, Inc. for the Series 2023 Bonds

September 5, 2025

Boggy Creek Improvement District Series 2023 Bonds
On behalf of LLS Tax Solutions Inc. I would like the opportunity to extend to you our services from our innovative Arbitrage Rebate Services Firm. We are delighted at this opportunity to present our scope of services.

Our scope of services that relate to the Arbitrage Calculation annual fee of $500.00 include:
Assess whether the issue is subject to arbitrage rebate requirements (including an analysis to ascertain whether any “spending exceptions” or “small issuance exceptions” apply).
Calculate the bond yield, as required under existing regulations (except where previously computed and provided to us).
Calculate earnings from investment of bond proceeds (including a calculation of investment yield) to assess if any rebate to the federal government is required.
Calculate the more complicated refunding bond issues with transferred proceeds or commingled funds.
Analyze the data contained in source documents, helping to evaluate whether bond proceeds are included in the calculations.
Advise you of situations we become aware while completing the arbitrage calculation that bond counsel consultation is recommended.
Work closely with bond counsel to resolve any questions that may arise.
Prepare a detailed report on arbitrage rebate that includes cumulative results since the issue date.
Prepare the necessary Form 8038T and reports to accompany any required payment to the U.S. Treasury.
If a Yield Reduction Payment Calculation is deemed needed an additional fee of $200.00 will be added when this calculation is required to be done. Our scope of services that relate include:

Assess whether the issue has specific type funds outside a stated temporary period subject to yield restriction requirements (including analysis to ascertain whether any exceptions or minor portions apply).
Calculate the materially higher bond yield as required under regulations (including a calculation of investment yield) to assess if any yield reduction payment due to the federal government is required.
Prepare a detailed yield reduction calculation that includes cumulative results since end of the unrestricted temporary period.
Prepare the necessary Form 8038T and reports to accompany any required payment to the U.S. Treasury.

We serve you by being attentive to your needs, drawing on our resources to address your challenges, and employing our industry experience to seek the right solutions.
Please let me know if you have any questions. You can contact me by telephone at (850) 754-0311, or by email at liscott@llstax.com. I look forward to the opportunity to provide you with excellent arbitrage services.

Kind Regards,
Linda L. Scott
Linda L. Scott, CPA

Extending Annual Renewal for Interchange Landscape and Irrigation Maintenance Services Agreement with Cepra

Matters Pertaining to BCID-Owned Beep Vehicles

Operation and Maintenance Expenditures Paid in August 2025 in an amount totaling $101,595.09

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270 ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from August 1, 2025 through August 31, 2025. This does not include expenditures previously approved by the Board.

The total items being presented:    $101,595.09

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Boggy Creek Improvement District AP Check Register (Current by Bank) Check Dates: 8/1/2025 to 8/31/2025	
Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
						
BANK ID: OM-ACH - CIT& NATIONAL BANK - ACH ( )IRES	001-101-0000-00-01	

)003 	8/21/25	 	$'C	$r%an&o 'ti%ities Co((ission		*11+108,3 	
)00 0	8/2 /25	 	B//P	Bee-+ .nc,		*22+8 2,50	
					BANK OM-ACH REGISTER TOTAL:	$34,000.89	

BANK ID: SUN - CIT& NATIONAL BANK

001-101-0000-00-01

3	8/00/25	P	B/RC$1	Ber(an Construction		*0+ 3,)3	
	8/18/25	P	A3C	A2uatic 3ee& Contro%+ .nc,		*835,00	
	8/18/25	P	C/PRA	Ce-ra 4an&sca-e		*1+881,00	
0	8/20/25	P	B/RC$1	Ber(an Construction		*3+000,01	
)	8/20/25	P	C/PRA	Ce-ra 4an&sca-e		* +))),18	
8	8/20/25	P	D$1 C	Dona%& 3, c.ntosh Associates		*38 ,80	
 	8/20/25	P	5'6A5	5utak Rock		*1+035,50	
	8/20/25	P	$R47/1	$r%an&o 7entine%		*21 ,50	
1	8/20/25	P	P8 9C	P8  9rou- Consu%ting		*3+50), 8	
	8/20/25	P	R4/;/<	Richar& 4e:ey		*200,00	
3	8/20/25	P	6C>AP5	6ha&&eus C=a-ka		*200,00	
					BANK SUN REGISTER TOTAL:	$67,594.20	

GRAND TOTAL	$101,595.09

* Check Status Types "P" - Printed ; "M" - Manual ; "V" - Void ( Void Date ); "A" - Application; "E" - EFT
** Denotes broken check sequence.

BANK:	SUN	CHECK:	4443	AMOUNT:	$6,493.73	DATE:	08/06/25	VEND ID:	BERCON			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
04/11/25
05/31/25	53402
54463			PA 694 - Subscription renewals PA 694 - 4 inch mainline repai				$0.00
$0.00		$2,192.35
$4,301.38	
				TOTALS:
AMOUNT:					$0.00
AWC		$6,493.73	
BANK:	SUN	CHECK:	4444		$835.00	DATE:	08/18/25	VEND ID:				
Date
08/01/25	Invoice Number
112120		Invoice Description
PA 695 - Aug. waterway service				Discount Taken
$0.00		Amount Paid
$835.00	
				TOTALS:					$0.00		$835.00	
BANK:	SUN	CHECK:	4445	AMOUNT:	$1,881.00	DATE:	08/18/25	VEND ID:	CEPRA			
Date
07/31/25
07/31/25
07/31/25
07/31/25
07/31/25
07/31/25
07/31/25	Invoice Number
O-S8545 O-S8546 O-S8548 O-S8549 O-S8550 O-S8551 O-S8553		Invoice Description
PA 695 - Jul. controller 11 re PA 695 - Jul. zone 25 solenoid PA 695 - Jul. controller 11 ir PA 695 - Jul. controller 13 ir PA 695 - Jul. controller 17 M. PA 695 - Jul. controller 12 M. PA 695 - Jul. Loop Rd irrigati				Discount Taken
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		Amount Paid
$640.00
$252.00
$216.50
$262.50
$153.00
$153.00
$204.00	
				TOTALS:
AMOUNT:					$0.00
OUC		$1,881.00	
BANK:	OM-ACH	CHECK:	70039		$11,108.39	DATE:	08/21/25	VEND ID:				
Date
08/05/25
08/05/25
08/05/25
08/05/25
08/05/25	Invoice Number
83178-080525
83178-080525
83178-080525
83178-080525
83178-080525		Invoice Description
PA 695 - OUC 2025.08.05 - IME PA 695 - OUC 2025.08.05 - Elec PA 695 - OUC 2025.08.05 - Wate PA 695 - OUC 2025.08.05 - Stre PA 695 - OUC 2025.08.05 - IME				Discount Taken
$0.00
$0.00
$0.00
$0.00
$0.00		Amount Paid
$110.41
$1,711.15
$1,501.94
$7,640.11
$144.78	
				TOTALS:
AMOUNT:					$0.00
BERCON		$11,108.39	
BANK:	SUN	CHECK:	4446		$3,000.01	DATE:	08/26/25	VEND ID:				
Date
08/01/25
08/01/25	Invoice Number
90445
90445		Invoice Description
PA 695 - Aug. administrator ag PA 695 - Aug. irrigation speci				Discount Taken
$0.00
$0.00		Amount Paid
$1,333.34
$1,666.67	
				TOTALS:
AMOUNT:					$0.00
CEPRA		$3,000.01	
BANK:	SUN	CHECK:	4447		$49,777.18	DATE:	08/26/25	VEND ID:				
Date
08/01/25
08/01/25	Invoice Number
O-S8497 O-S8502		Invoice Description
PA 695 - Aug. interchange land PA 695 - Aug. landscaping				Discount Taken
$0.00
$0.00		Amount Paid
$24,010.08
$25,767.10	
				TOTALS:
AMOUNT:					$0.00
DONMC		$49,777.18	
BANK:	SUN	CHECK:	4448		$384.80	DATE:	08/26/25	VEND ID:				
Date
08/22/25	Invoice Number
47687		Invoice Description
PA 697 - Eng. srvs. thru 08/01				Discount Taken
$0.00		Amount Paid
$384.80	
				TOTALS:					$0.00		$384.80	
BANK:	SUN	CHECK:	4449	AMOUNT:	$1,035.50	DATE:	08/26/25	VEND ID:	KUTAK			
Date
08/19/25	Invoice Number
3611455		Invoice Description
PA 697 - Gen. legal thru 06/30				Discount Taken
$0.00		Amount Paid
$1,035.50	
				TOTALS:
AMOUNT:					$0.00
ORLSEN		$1,035.50	
BANK:	SUN	CHECK:	4450		$219.50	DATE:	08/26/25	VEND ID:				
Date
07/31/25	Invoice Number
OSC121475249		Invoice Description
PA 696 - Legal ad 7823491 ; 07				Discount Taken
$0.00		Amount Paid
$219.50	
			TOTALS:				$0.00		$219.50	

BANK:	SUN	CHECK:	4451	AMOUNT:	$3,567.48	DATE:	08/26/25	VEND ID:	PFMGC			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
07/08/25
08/08/25
08/07/25	137239
DM-08-2025-06
OE-EXP-08-2025-05		PA 694 - Jun. mileage, tolls PA 696 - DM fee: Aug. 2025
PA 695 - Jul. FedEx				$0.00
$0.00
$0.00		$6.76
$3,541.67
$19.05	
				TOTALS:
AMOUNT:					$0.00
RLEVEY		$3,567.48	
BANK:	SUN	CHECK:	4452		$200.00	DATE:	08/26/25	VEND ID:				
Date
08/19/25	Invoice Number
2025.08.19		Invoice Description
PA 697 - Supervisor fee 2025.0				Discount Taken
$0.00		Amount Paid
$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	SUN	CHECK:	4453	AMOUNT:	$200.00	DATE:	08/26/25	VEND ID:	TCZAPK			
Date
08/19/25	Invoice Number
2025.08.19		Invoice Description
PA 697 - Supervisor fee 2025.0				Discount Taken
$0.00		Amount Paid
$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM-ACH	CHECK:	70040	AMOUNT:	$22,892.50	DATE:	08/29/25	VEND ID:	BEEP			
Date
07/31/25
07/31/25
07/31/25
07/31/25	Invoice Number
852
852
852
852		Invoice Description
FR 82 - 2 vans - managed servi FR 82 - 2 vans - software appl FR 82 - 2 vans - insurance & m FR 82 - 2 vans - AV operation				Discount Taken
$0.00
$0.00
$0.00
$0.00		Amount Paid
$10,200.04
$3,399.98
$3,399.98
$5,892.50	
			TOTALS:				$0.00		$22,892.50	

Boggy Creek Improvement District

Requisition Nos. 491 – 493 Paid in August 2025 in an amount totaling $12,088.33

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270 ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Requisition Recap For Board Approval

Attached please find the listing of requisitions approved to be paid from bond funds from August 1, 2025 through August 31, 2025. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
491	Orlando Sentinel	$238.25	
492	Donald W. McIntosh Associates	$10,486.58	
493	Kutak Rock	$1,363.50	
	TOTAL	$12,088.33	

EXHIBIT "A"
FORM OF REQUISITION
The undersigned, an Authorized Officer of Boggy Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U. S. Bank National Association as trustee (the "Trustee"), dated as of December 1, 2010 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of April 1, 2013 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture);
RequisitionNumber: 491
Name of Payee: Orlando Sentinel
Amount Payable: $238.25
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs oflssuance, if applicable):

Invoice 121475249000 for Reference OSC121475249 (Ad #7823522) for Construction Legal Advertising of the July I0, 2025 Construction Committee Meetings (Split Five Ways, Will Be Reimbursed From GID, MCID, PE, MID)

Fund or Account and subaccount, if any, from which disbursement to be made: 2013 Acquisition and Construction Account of the Acquisition and Construction Fund.

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above iis a proper charge against the Acquisition and Construction Account, that each disbursement set forth above was incurred in connection with the acquisition and construction of the Project and each represents a Cost of the Project, and has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to
receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
No event has occurred and is continuing which constitutes an Event of Default, as defined by the Master Indenture, or would constitute and Event of Default but for the requirement that notice be given or time elapse or both.

l

BCID Requisition 491: Orlando Sentinel	August 15, 2025	Page 1 of2

[ RECEIVED
By Amanda Lane at 2:58 pm, Aug 19, 2025

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Req isition 491 Orlando Sentinel	A g!st 15, 2025	Page 2 of2

By Amanda Lane at 2:58 pm, Aug 19, 2025

EXHIBIT "A"
FORM OF REQUISITION
The undersigned, an Authorized Officer of Boggy Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U. S. Bank National Association as trustee (the "Trustee"), dated as of December 1, 2010 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of April 1, 2013 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture);
RequisitionNumber: 492
Name of Payee: Donald W. McIntosh Associates
Amount Payable: $10,486.58
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments, or, state Costs oflssuance, if applicable):
Invoice 47688 for Project 23218 (Lake Nona Boggy Creek) Through 08/01/2025
-$1,663.38
Invoice 47694 for Project 22542 (Lake Nona South Lift Station No. 9 and 6,000 LF of 10" Force Main) Through 08/01/2025 - $8,823.20
Fund or Account and subaccount, if any, from which disbursement to be made: 2013 Acquisition and Construction Account of the Acquisition and Construction Fund.
The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Acquisition and Construction Account, that each disbursement set forth above was incurred in connection with the acquisition and construction of the Project and each represents a Cost of the Project, and has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
No event has occurred and is continuing which constitutes an Event of Default, as defined by the Master Indenture, or would constitute and Event of Default but for the requirement that notice be given or time elapse or both.

l

BCID Requisition 492: Donald W. McIntosh Associates	August 22, 2025	Page 1 of2

[ RECEIVED
By Amanda Lane at 2:08 pm, Aug 25, 2025

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 # -C$,- #F I,,1A!CE AND CA%I0ALI5ED I -E+,. *E'2E,-, $ L4
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=Oh;vbh@Z@[i Oh ;@O[L X6=@; 6[=, (OO) o@ b@_^bm ^A lM@ DOhrO<i E[LO[@@b 6h ht<N e@_^fm hM6VV M8x@
;@@[ 6X@[=@= ^b X^=OFP@= ^[ iM@ >7i@ M@b@^E.

BCID Re &i!i#ion 492: Donald W. Mcln$o!h  !!ocia$e"	&g&   "	2025	Page2of2

By Amanda Lane at 2:08 pm, Aug 25, 2025

EXHIBIT "A"
FORM OF REQUISITION
The undersigned, an Authorized Officer of Boggy Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U. S. Bank National Association as trustee (the "Trustee"), dated as of December 1, 2010 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of April 1, 2013 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture);
Requisition Number: 493

Name of Payee: Kutak Rock
Amount Payable: $1,363.50
Purpose for which paid or incurred (refer also to specific contract if amount is due and 1>ayable pursuant to a contract involving progress payments, or, state Costs oflssuance, if applicable):
Invoice 3611456 for Client Matter 3023-3 (Project Construction) through 06/30/2025
Fund or Account and subaccount, if any, from which disbursement to be made: 2013 Acquisition and Construction Account of the Acquisition and Construction Fund.

The undersigned hereby certifies that obligations inthe stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Acquisition and Construction Account, that each disbursement set forth above was incurred in connection with the acquisition and construction of the Project and each represents a Cost of the Project, and has not previously been paid.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attach1nent upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
No event has occurred and 1s continuing which constitutes an Event of Default, as defined by the Master Indenture, or would constitute and Event of Default but for the requirement that notice be given or time elapse or both.

l

BCID Requisition 493: Kutak Rock	August 22, 2025	Page 1 of2

[ RECEIVED
By Amanda Lane at 2:08 pm, Aug 25, 2025

Akk=AQDB QDeDka ?D aeTPT_=[j aF kQD V_taTAD(j) Oa] kQD tD_Bae aF kQD ceacDekz =AdrUeDB bf jDetTADj fD_BDeDB ykQ eDjcDAk kavRTAQ BTj@rejD^D_k Tj SDeD@z eDdrDjkDB.
BaPPz CeDDZ "]ceatD]D_l DTjkeUAk

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8SD r_BDejTP_DB Ca_jr[kT_P E_PWDDe SDeD@z ADekUJDj o=k oTj BUj@rejD]D_m Uj Me = Cajl aG-kQD /eaXDAl =_B Tj Aa_jUjkD_k wTkQ: (T) oD =cc[VA=@[D =AdsTjUlUa_ be Aa_jlerAkVa_ Aa_p=Ak; (UU) lQD c\=_j =`C jcDAUKA=kTa_j Ne kQD caiTa_ bF oD /ebYDAk wTnS eDjcDAk ka xSTAS jrAQ BTj@rejD]D_l Uj @DT_P ]=BD; =_B, (TT) oD eDcaek bF kQD DTjqAk E_PT_DDg =j jrAS eDcael jQ=[[ S=uD @DD_ >D_BDB ae ]aCULDB a_ oD C=lD SDfDbH

Requisition 493: Kutak Rock	ugust 22, 202S	Page2of2

By Amanda Lane at 2:08 pm, Aug 25, 2025

Work Authorizations/Proposed Services (if applicable)

District’s Financial Position and Budget to Actual YTD

Boggy Creek Improvement District
August 2025 Financial Package

August 31, 2025

PFM Group Consulting LLC
3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

Boggy Creek Improvement District
Statement of Financial Position As of 8/31/2025	
	
General			
Debt Service		
Capital Projects		
General Long- Term Debt			
Total	
			
Assets								
Current Assets											
General Checking Account	$ 742,366.86								$	742,366.86	
State Board of Administration	1,517.00									1,517.00	
Infrastructure Capital Reserve	121,807.27									121,807.27	
Interchange Maintenance Reserve	14,252.13									14,252.13	
Due From Other Governmental Units	16,982.17									16,982.17	
Prepaid Expenses	6,446.30									6,446.30	
Deposits	5,000.00									5,000.00	
Debt Service Reserve Series 2013			$  3,939,468.75							3,939,468.75	
Debt Service Reserve Series 2023			582,509.38							582,509.38	
Revenue Series 2013			1,432,030.67							1,432,030.67	
Revenue Series 2023			617,278.80							617,278.80	
Interest Series 2023			0.06							0.06	
Prepayment Series 2013			1,553.12							1,553.12	
Prepayment Series 2023			3,806.38							3,806.38	
General Checking Account					$	13,183.75					13,183.75	
Due From Other Governmental Units					238.25					238.25	
Acquisition/Construction Series 2013					141,379.80					141,379.80	
Acquisition/Construction Series 2023					3,143.84					3,143.84	
Total Current Assets	$ 908,371.73		$  6,576,647.16		$	157,945.64		$	-		$	7,642,964.53	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments									

$	6,576,647.16		

$	

6,576,647.16	
									50,033,352.84			50,033,352.84	
	$			$			$	-		$ 56,610,000.00		$	56,610,000.00	
Total Assets	$ 908,371.73		$  6,576,647.16		$	157,945.64		$ 56,610,000.00		$	64,252,964.53	

-	-

Page 1 of 9

Boggy Creek Improvement District	
Statement of Financial Position	
As of 8/31/2025	
		
General		
Debt Service		
Capital Projects	
Liabilities and Net Assets	
Current Liabilities								
Accounts Payable	$	25,655.55						
Total Current Liabilities	$	25,655.55		$	-		$	-	

Long Term Liabilities								
Revenue Bonds Payable - Long-Term								
Total Long Term Liabilities	$	-		$	-		$	-	
Total Liabilities	$	25,655.55		$	-		$	-	

Net Assets								
Net Assets, Unrestricted	$	70,670.30						
Net Assets - General Government		661,156.99						
Current Year Net Assets - General Government		150,888.89						
Net Assets, Unrestricted				$ (1,584,819.91)				
Current Year Net Assets, Unrestricted				87,433.04				
Net Assets - General Government				8,074,034.03				
Net Assets, Unrestricted						$	(22,384,631.35)	
Net Assets, Unrestricted							(4,213,625.64)	
Current Year Net Assets, Unrestricted							59,226.47	
Net Assets - General Government							26,696,976.16	
Total Net Assets	$	882,716.18		$  6,576,647.16		$	157,945.64	
								
Total Liabilities and Net Assets	$	908,371.73		$  6,576,647.16		$	157,945.64	

Term Debt		

$	Total

25,655.55	
$	-		$	25,655.55	

$ 56,610,000.00		
$	
56,610,000.00	
$ 56,610,000.00		$	56,610,000.00	
$ 56,610,000.00		$	56,635,655.55	

General Long-

	$	70,670.30	
	661,156.99	
	150,888.89	
	(1,584,819.91)	
	87,433.04	
	8,074,034.03	
	(22,384,631.35)	
	(4,213,625.64)	
	59,226.47	
	26,696,976.16	
$	-	$	7,617,308.98	

Page 2 of 9

$ 56,610,000.00

$	64,252,964.53

Boggy Creek Improvement District
Statement of Activities As of 8/31/2025	
	
General	
Debt Service	
Capital Projects	General Long- Term Debt		
Total	
Revenues
On-Roll Assessments Off-Roll Assessments Developer Contributions On-Roll Assessments Off-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Transfers In
Total Revenues	

$	301,134.08
620,848.15
357,103.79
$	747,273.47
4,416,727.61
(158,679.70)

$ 1,279,086.02	$  5,005,321.38	

$	158,679.70

$	158,679.70	

$	-	

$

$	

301,134.08
620,848.15
357,103.79
747,273.47
4,416,727.61
(158,679.70)
158,679.70
6,443,087.10	
Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure District Counsel
Assessment Administration Audit
Arbitrage Calculation Travel and Per Diem Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees Electric
Water Reclaimed General Insurance Property & Casualty Irrigation Parts
Landscaping Maintenance & Material Landscape Improvements
Tree Trimming
Contingency	

$	3,400.00
4,310.00
8,794.78
38,958.37
13,323.42
1,500.00
11,859.51
15,000.00
4,000.00
500.00
83.00
137.89
4,432.21
221.34
2,770.00
500.00
175.00
13,313.15
20,988.03
4,890.00
6,354.00
45,067.73
283,003.71
5,024.00
20,000.00
37,988.50			

$	

3,400.00
4,310.00
8,794.78
38,958.37
13,323.42
1,500.00
11,859.51
15,000.00
4,000.00
500.00
83.00
137.89
4,432.21
221.34
2,770.00
500.00
175.00
13,313.15
20,988.03
4,890.00
6,354.00
45,067.73
283,003.71
5,024.00
20,000.00
37,988.50	

Page 3 of 9

Boggy Creek Improvement District
Statement of Activities As of 8/31/2025	
	
General		
Debt Service		
Capital Projects		General Long- Term Debt			
Total	
IME - Aquatics Maintenance	$	2,985.18								$	2,985.18	
IME - Irrigation	2,651.21									2,651.21	
IME - Landscaping	85,836.08									85,836.08	
IME - Lighting	440.83									440.83	
IME - Miscellaneous	198.26									198.26	
IME - Water Reclaimed	618.07									618.07	
Pest Control	3,020.00									3,020.00	
Entry and Wall Maintenance	20,755.00									20,755.00	
Shuttle Financing - Maintenance	33,999.80									33,999.80	
Shuttle Financing - Vehicle Cost	146,319.70									146,319.70	
Shuttle Financing - BEEP Operating Costs	176,784.29									176,784.29	
IME - Landscape Improvements	4,274.89									4,274.89	
Streetlights	76,282.55									76,282.55	
Personnel Leasing Agreement	33,000.11									33,000.11	
Principal Payments (Series 2013)			$  1,865,000.00							1,865,000.00	
Principal Payments (Series 2023)			285,000.00							285,000.00	
Interest Payments (Series 2013)			2,127,003.13							2,127,003.13	
Interest Payments (Series 2023)			887,381.26							887,381.26	
Engineering					$	76,561.87					76,561.87	
District Counsel					3,669.50					3,669.50	
Legal Advertising					563.88					563.88	
Contingency					23,387.92					23,387.92	
Total Expenses	$ 1,133,760.61		$  5,164,384.39		$	104,183.17		$	-		$	6,402,328.17	
Other Revenues (Expenses) & Gains (Losses)											
Interest Income	$	5,563.48								$	5,563.48	
Dividend Income			$	246,496.05							246,496.05	
Interest Income					$	46.57					46.57	
Dividend Income					4,683.37					4,683.37	
Total Other Revenues (Expenses) & Gains (Losses)	$	5,563.48		$	246,496.05		$	4,729.94		$	-		$	256,789.47	
Change In Net Assets	$	150,888.89		$	87,433.04		$	59,226.47		$	-		$	297,548.40	
Net Assets At Beginning Of Year	$	731,827.29		$  6,489,214.12		$	98,719.17		$	-		$	7,319,760.58	

Net Assets At End Of Year	

$	882,716.18		

$  6,576,647.16		
$	157,945.64		
$	-		
$	
7,617,308.98	

Page 4 of 9

YTD Actual	YTD Budget	YTD Variance

FY 2025	Percentage Adopted Budget		Spent

Revenues													
Assessments Developer Contributions Carryforward Revenue	$	921,982.23
357,103.79
88,961.32		$  843,750.82
664,876.39
88,961.32		$	78,231.41
(307,772.60)
-		$  920,455.44
725,319.70
97,048.71		100.17%
49.23%
91.67%	
Net Revenues	$	1,368,047.34		$ 1,597,588.53		$	(229,541.19)		$ 1,742,823.85		78.50%	
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative	

$	

3,400.00		

$	4,400.00		

$	

(1,000.00)		

$	4,800.00		

70.83%	
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Bank Fees Miscellaneous Meeting Room Office Supplies Property Taxes
Web Site Maintenance
Holiday Decorations Dues, Licenses, and Fees		4,310.00
8,794.78
38,958.37
13,323.42
1,500.00
- 11,859.51
15,000.00
- 4,000.00
500.00
83.00
- 137.89
- 4,432.21
- 221.34
-
-
- 2,770.00
500.00
175.00			4,246.18
7,791.67
38,958.33
19,250.00
1,833.33
458.33
32,083.33
13,750.00
229.17
3,666.67
1,100.00
275.00
22.92
458.33
229.17
4,583.33
330.00
1,081.67
229.18
91.67
137.50
2,970.00
550.00
160.42			63.82
1,003.11
0.04
(5,926.58)
(333.33)
(458.33)
(20,223.82)
1,250.00
(229.17)
333.33
(600.00)
(192.00)
(22.92)
(320.44)
(229.17)
(151.12)
(330.00)
(860.33)
(229.18)
(91.67)
(137.50)
(200.00)
(50.00)
14.58		4,632.20
8,500.00
42,500.00
21,000.00
2,000.00
500.00
35,000.00
15,000.00
250.00
4,000.00
1,200.00
300.00
25.00
500.00
250.00
5,000.00
360.00
1,180.00
250.00
100.00
150.00
3,240.00
600.00
175.00		93.04%
103.47%
91.67%
63.44%
75.00%
0.00%
33.88%
100.00%
0.00%
100.00%
41.67%
27.67%
0.00%
27.58%
0.00%
88.64%
0.00%
18.76%
0.00%
0.00%
0.00%
85.49%
83.33%
100.00%	
Total General & Administrative Expenses	$	109,965.52		$	138,886.20		$	(28,920.68)		$  151,512.20		72.58%	

Page 5 of 9

	YTD Actual		YTD Budget		YTD Variance		FY 2025
Adopted Budget		Percentage Spent	

Field Operations Expenses										
Electric Utility Services										
Electric	$	13,313.15		$	6,416.67		$	6,896.48		$	7,000.00		190.19%	
Entry Lighting	-		458.33		(458.33)		500.00		0.00%	
Water-Sewer Combination Services										
Water Reclaimed	20,988.03		29,333.33		(8,345.30)		32,000.00		65.59%	
Other Physical Environment										
General Insurance	4,890.00		4,817.54		72.46		5,255.50		93.05%	
Property & Casualty	6,354.00		6,507.37		(153.37)		7,098.95		89.51%	
Other Insurance	-		91.67		(91.67)		100.00		0.00%	
Irrigation Repairs	45,067.73		55,000.00		(9,932.27)		60,000.00		75.11%	
Landscaping Maintenance & Material	283,003.71		334,326.67		(51,322.96)		364,720.00		77.59%	
Landscape Improvements	5,024.00		59,583.33		(54,559.33)		65,000.00		7.73%	
Tree Trimming	20,000.00		18,333.33		1,666.67		20,000.00		100.00%	
Contingency	37,988.50		4,858.33		33,130.17		5,300.00		716.76%	
Pest Control	3,020.00		2,768.33		251.67		3,020.00		100.00%	
Shuttle Financing										
Insurance	-		4,583.33		(4,583.33)		5,000.00		0.00%	
Maintenance	33,999.80		198,000.00		(164,000.20)		216,000.00		15.74%	
Vehicle Cost (Loan Payment)	146,319.70		134,126.39		12,193.31		146,319.70		100.00%	
BEEP Operating Costs	176,784.29		328,166.67		(151,382.38)		358,000.00		49.38%	
Interchange Maintenance Expenses										
IME - Aquatics Maintenance	2,985.18		3,157.92		(172.74)		3,445.00		86.65%	
IME - Irrigation Repair	2,651.21		2,979.17		(327.96)		3,250.00		81.58%	
IME - Landscaping	85,836.08		89,375.00		(3,538.92)		97,500.00		88.04%	
IME - Lighting	440.83		1,191.67		(750.84)		1,300.00		33.91%	
IME - Miscellaneous	198.26		5,958.33		(5,760.07)		6,500.00		3.05%	
IME - Water Reclaimed	618.07		1,489.58		(871.51)		1,625.00		38.04%	
IME - Landscape Improvements	4,274.89		11,916.67		(7,641.78)		13,000.00		32.88%	
Road & Street Facilities										
Entry and Wall Maintenance	20,755.00		13,750.00		7,005.00		15,000.00		138.37%	
Streetlights	76,282.55		89,238.26		(12,955.71)		97,350.83		78.36%	
Parks & Recreation										
Personnel Leasing Agreement - Administrator	14,666.74		14,666.67		0.07		16,000.00		91.67%	
Personnel Leasing Agreement - Irrigation Specialist	18,333.37		18,333.33		0.04		20,000.00		91.67%	
Reserves										
Infrastructure Capital Reserve	-		18,486.11		(18,486.11)		20,166.67		0.00%	
Interchange Maintenance Reserve	-		2,163.33		(2,163.33)		2,360.00		0.00%	
Total Field Operations Expenses	$ 1,023,795.09		$ 1,460,077.33		$  (436,282.24)		$ 1,592,811.65		64.28%	

Total Expenses	
$ 1,133,760.61		
$ 1,598,963.53		
$  (465,202.92)		
$ 1,744,323.85		
65.00%	

Income (Loss) from Operations	
$	234,286.73		
$	(1,375.00)		
$  235,661.73		
$	(1,500.00)			
Other Income (Expense)										
Interest Income	$	5,563.48		$	1,375.00		$	4,188.48		$	1,500.00		370.90%	
Total Other Income (Expense)	$	5,563.48		$	1,375.00		$	4,188.48		$	1,500.00		370.90%	
Net Income (Loss)	$	239,850.21		$	-		$  239,850.21		$	-			

Page 6 of 9

YTD Actual

$  921,982.23
357,103.79
88,961.32	
$ 1,368,047.34

$	3,400.00

4,310.00
8,794.78
38,958.37
13,323.42
1,500.00
- 11,859.51
15,000.00
- 4,000.00
500.00
83.00
- 137.89
- 4,432.21
- 221.34
-
-
- 2,770.00
500.00
175.00	
$  109,965.52

$	13,313.15

20,988.03

-	4,890.00
6,354.00

45,067.73
283,003.71
5,024.00
-	20,000.00
37,988.50
3,020.00	

Boggy Creek Improvement District	
Budget to Actual	
For the Month Ending 8/31/2025	
		
Oct-24			
Nov-24		
Dec-24			
Jan-25			
Feb-25			
Mar-25	

Revenues																		
Assessments	$	-		$	-		$ 428,804.19		$	81,149.81		$	-		$ 155,212.04	
Developer Contributions		-			20,247.08			21,588.75			-			21,284.17			39,288.75	
Carryforward Revenue		8,087.39			8,087.40			8,087.39			8,087.39			8,087.39			8,087.40	
Net Revenues	$	8,087.39		$	28,334.48		$ 458,480.33		$	89,237.20		$	29,371.56		$ 202,588.19	
General & Administrative Expenses																		
Legislative																		
Supervisor Fees	$	200.00		$	400.00		$	-		$	400.00		$	400.00		$	-	
Financial & Administrative																		
Public Officials' Liability Insurance		4,310.00			-			-			-			-			-	
Trustee Services		6,523.03			-			-			-			-			-	
Management		3,541.67			3,541.67			3,541.67			-			7,083.34			3,541.67	
Engineering		-			796.21			3,171.21			4,275.00			2,222.30			384.10	
Dissemination Agent		-			-			500.00			-			-			500.00	
Property Appraiser		-			-			-			-			-			-	
District Counsel		-			-			1,615.35			2,365.50			-			1,531.00	
Assessment Administration		15,000.00			-						-			-			-	
Reamortization Schedules		-			-			-			-			-			-	
Audit		-			-			-			-			-			-	
Arbitrage Calculation		-			-			-			-			-			-	
Travel and Per Diem		-			-		-	-			22.71			-			27.06	
Telephone		-			-			-			-			-			-	
Postage & Shipping		-			5.16			4.48			11.18			5.37			4.74	
Copies		-			-			-			-			-			-	
Legal Advertising		609.50			1,035.20			219.50			-			260.75			544.00	
Bank Fees		-			-			-			-			-			-	
Miscellaneous		-			27.67			-			27.67			-			61.85	
Meeting Room		-			-			-			-			-			-	
Office Supplies		-			-			-			-			-			-	
Property Taxes		-			-			-			-			-			-	
Web Site Maintenance		170.00			170.00			-			640.00			170.00			170.00	
Holiday Decorations		-			-			-			500.00			-			-	
Dues, Licenses, and Fees		175.00			-			-			-			-			-	
Total General & Administrative Expenses	$	30,529.20		$	5,975.91		$	9,052.21		$	8,242.06		$	10,141.76		$	6,764.42	

Field Operations																		
Electric Utility Services																		
Electric	$	-		$	1,091.20		$	902.65		$	907.54		$	947.44		$	774.81	
Entry Lighting		-			-			-			-			-			-	
Water-Sewer Combination Services																		
Water Reclaimed		-			1,759.73			2,550.25			2,158.41			2,241.61			2,247.53	
Other Physical Environment																		
General Insurance		4,890.00			-			-			-			-			-	
Property & Casualty Insurance		6,354.00			-			-			-			-			-	
Other Insurance		-			-			-			-			-			-	
Irrigation Repairs		-			4,092.00			8,016.50			8,295.00			4,289.00			-	
Landscaping Maintenance & Material		25,727.61			25,727.61			25,727.61			25,727.61			25,727.61			25,727.61	
Landscape Improvements		-			-			-			-			4,274.00			-	
Tree Trimming		-			-			-			-			-			-	
Contingency		-			2,118.00			-			1,250.00			-			-	
Pest Control		1,510.00			-			-			-			-			-	
Shuttle Financing																		
Insurance		-			-			-			-			-			-	

Apr-25	May-25	Jun-25	Jul-25	Aug-25

$ 165,574.93		$  72,226.41		$	-		$	798.91		$ 18,215.94	
-		21,572.08		42,358.26		167,872.20		22,892.50	
8,087.39		8,087.39		8,087.39		8,087.40		8,087.39	
$ 173,662.32		$ 101,885.88		$  50,445.65		$ 176,758.51		$ 49,195.83	

$	400.00		$	400.00		$	400.00		$	400.00		$	400.00	
-		-		-		-		-	
-		-		1,354.99		-		916.76	
-		7,083.34		3,541.67		3,541.67		3,541.67	
187.50		1,072.30		445.20		384.80		384.80	
-		-		-		500.00		-	
-		-		-		-		-	
788.50		571.00		3,952.66		-		1,035.50	
-		-		-		-		-	
-		-		-		-		-	
-		4,000.00		-		-		-	
-		500.00		-		-		-	
-		-		26.47		-		6.76	
-		-		-		-		-	
43.01		5.67		10.79		28.44		19.05	
-		-		-		-		-	
219.50		885.26		219.50		219.50		219.50	
-		-		-		-		-	
-		-		83.00		-		21.15	
-		-		-		-		-	
-		-		-		-		-	
-		-		-		-		-	
470.00		170.00		170.00		470.00		170.00	
-		-		-		-		-	
-		-		-		-		-	
$  2,108.51		$  14,687.57		$  10,204.28		$	5,544.41		$  6,715.19	

$	894.35	$	916.60	$	2,739.46	$	2,427.95	$  1,711.15	
-	-	-	-	-	
1,920.89	2,487.11	2,256.88	1,863.68	1,501.94	
-	-	-	-	-	
-	-	-	-	-	
-	-	-	-	-	
3,043.50	3,920.50	1,952.00	3,084.50	8,374.73	
25,727.61	25,727.61	25,727.61	25,727.61	25,727.61	
750.00
- 27,342.50	-
- 703.00	-
- 6,320.00	-
- 255.00	- 20,000.00
-	
1,510.00	-	-	-	-	

-	
-	
-	
-	
-	
Page 7 of 9

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 8/31/2025	

Maintenance Vehicle Cost
BEEP Operating Costs
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
IME - Landscape Improvements
Road & Street Facilities
Entry and Wall Maintenance Streetlights
Parks & Recreation
Personnel Leasing Agreement - Administration Personnel Leasing Agreement - Irrigation Specialist
Reserves
Infrastructure Capital Reserve Interchange Maintenance Reserve
Total Field Operations Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)	

$

 $ 

$

$
$

$	
Oct-24

-
-
-

271.38
- 7,803.28
- 99.13
-
-

-
-

1,333.34
1,666.67

-
-
49,655.41

80,184.61 

(72,097.22)

24.48
24.48

(72,072.74)	

$

 $ 

$

$
$

$	
Nov-24

3,399.98
- 16,847.10

271.38
86.94
7,803.28
37.82
- 48.58
-

4,200.00
7,583.58

1,333.34
1,666.67

-
-
78,067.21

84,043.12 

(55,708.64)

22.11
22.11

(55,686.53)	
Dec-24

3,399.98
- 18,188.77

271.38
315.58
7,803.28
37.71
- 76.48
-

4,500.00
7,583.58

1,333.34
1,666.67

-
-
$  82,373.78

 $  91,425.99 

$ 367,054.34

$	601.14
$	601.14

$ 367,655.48	
Jan-25	Feb-25	Mar-25

3,399.98	3,399.98	3,399.98
-		-		- 17,884.19	17,719.60	14,769.19

271.38	271.38	271.38
526.18	646.43	-
7,803.28	7,803.28	7,803.28
44.85	45.15	42.83
-	-	-
73.20	68.81	50.91
579.31	2,154.10	-

-	-	-
7,640.11	7,641.03	7,637.36

1,333.34	1,333.34	1,333.34
1,666.67	1,666.67	1,666.67

-	-	-
-	-	-
$  79,561.05	$ 80,229.43	$ 65,724.89

 $  87,803.11   $ 90,371.19   $ 72,489.31 

$	1,434.09	$ (60,999.63)	$ 130,098.88

$	28.11	$	24.41	$	27.24
$	28.11	$	24.41	$	27.24

$	1,462.20	$ (60,975.22)	$ 130,126.12	
Apr-25

3,399.98
- 18,266.20

271.38
538.04
7,803.28
47.73
99.13
38.86
-

- 7,640.11

1,333.34
1,666.67

-
-
$ 102,293.57

 $ 104,402.08 

$ 69,260.24

$	26.36
$	26.36

$ 69,286.60	

$

 $ 

$

$
$

$	
May-25

3,399.98
- 17,992.10

271.38
228.96
7,803.28
44.89
- 110.32
-

- 7,637.36

1,333.34
1,666.67

-
-
74,243.10

88,930.67 

12,955.21

28.35
28.35

12,983.56	

$

 $ 

$

$
$

$	
Jun-25

3,399.98
146,319.70
17,472.10

271.38
- 7,803.28
47.91
- 47.62
-

12,055.00
7,641.03

1,333.34
1,666.67

-
-
237,053.96

247,258.24 

(196,812.59)

1,540.15
1,540.15

(195,272.44)	

$

 $ 

$

$
$

$	
Jul-25

3,399.98
- 18,152.52

271.38
309.08
7,803.28
44.89
- 67.41
1,541.48

- 7,638.28

1,333.34
1,666.67

-
-
75,587.05

81,131.46 

95,627.05

27.64
27.64

95,654.69	
Aug-25

3,399.98
- 19,492.52

271.38
- 7,803.28
47.05
- 35.88
-

- 7,640.11

1,333.34
1,666.67

-
-
$ 99,005.64

 $ 105,720.83 

$ (56,525.00)

$  3,213.49
$  3,213.49

$ (53,311.51)	

 
YTD Actual

33,999.80
146,319.70
176,784.29

2,985.18
2,651.21
85,836.08
440.83
198.26
618.07
4,274.89

20,755.00
76,282.55

14,666.74
18,333.37	
$ 1,023,795.09
-
$- 1,133,760.61	
-
$  234,286.73

$	5,563.48	
$	5,563.48	
$  239,850.21	

Page 8 of 9

Boggy Creek Improvement District Cash Flow

Beg. Cash

9/1/2024	750,265.66
10/1/2024	579,300.32
11/1/2024	503,129.01
12/1/2024	497,516.91
1/1/2025	879,290.11
2/1/2025	823,703.36
3/1/2025	798,536.17
4/1/2025	834,876.01
5/1/2025	916,450.21
6/1/2025	988,232.95
7/1/2025	849,838.38
8/1/2025	779,243.88
9/1/2025	742,366.86	FY 2024 Inflows
58,999.25
37,980.74
104.34
1,004.74
-
-
-
-
-
-
-
-
-	FY 2024 Outflows
(213,801.09)
(39,645.51)
(3,250.50)
(8,228.00)
-
-
-
-
-
-
-
-
-	FY 2025 Inflows
- 7.32
37,268.90
555,100.97
692,168.00
40,644.66
217,374.45
182,589.84
178,405.59
61,489.77
186,423.58
64,718.07
-	FY 2025 Outflows	End. Cash	
				(16,163.50)	579,300.32	
				(74,513.86)	503,129.01	
				(39,734.84)	497,516.91	
				(166,104.51)	879,290.11	
				(747,754.75)	823,703.36	
				(65,811.85)	798,536.17	
				(181,034.61)	834,876.01	
				(101,015.64)	916,450.21	
				(106,622.85)	988,232.95	
				(199,884.34)	849,838.38	
				(257,018.08)	779,243.88	
				(101,595.09)	742,366.86	
				(48,182.22)	694,184.64 as of 09/10/2025	

Totals		4,634,474.17	(4,501,269.22)	2,216,191.15	(2,105,436.14)

Page 9 of 9