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, April 21, 2026, 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 March 10, 2026, Board of Supervisors’ Meeting
Letter from Supervisor of Elections – Orange County (provided under separate cover)
Consideration of Resolution 2026-03, Designating a Date, Time and Location for the 2026 Landowners’ Meeting [suggested date of November 3, 2026]

Business Matters
Consideration of Proposals for Trail Repairs (provided under separate cover)
Review of Fiscal Year 2027 Operations & Maintenance Budget
Presentation of Supplement to the Third Amended and Restated Engineer’s Report
Ratification of Operation and Maintenance Expenditures Paid in March 2026 in an amount totaling $140,750.21
Ratification of Requisition Nos. 512 – 514 Paid in March 2026 in an amount totaling
$13,388.14
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 March 10, 2026, Board of Supervisor’s 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, March 10, 2026, at 3:00 p.m. at 6900 Tavistock Lakes Blvd., Ste 200, Orlando, FL 32827.
Present:

Richard Levey	Chair
Damon Ventura	Vice Chair
Ron Domingue	Assistant Secretary
Thad Czapka	Assistant Secretary
Chad Tinetti	Assistant Secretary Also attending:
Jennifer Walden	PFM
Lynne Mullins	PFM	(via phone)
Amanda Lane	PFM	(via phone)
Blake Firth	PFM	(via phone)
Brent Wilder	PFM	(via phone)
Michael Dennis	PFM	(via phone)
Tucker Mackie	Kutak Rock	(via phone)
Bob Schanck	Donald W. McIntosh Associates
Carlos Negron	Berman
Eddie Padua	Berman
Pete Fussell	Berman
Edgard Morales	Berman
Samantha Sharenow	 Berman	(via phone) Will Stafford	Tavistock
Rudy Bautista	Tavistock

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 February 17, 2026, Board of Supervisors’ Meeting
The Board reviewed the minutes of the February 17, 2026, Board of Supervisors’ Meeting.

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 Minutes of the February 17, 2026, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Proposals for Trail Repairs

Mr. Padua gave an update that the request for proposals were sent to five vendors and two notated their interest to submit, however, they were not able to submit their proposal in time for today’s meeting. These items will be brought to the Board at the April meeting.

FIFTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in February 2026 in an amount totaling
$57,287.39

The Board reviewed the O&M Expenditures paid in February 2026.

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 February 2026 in an amount totaling $57,287.39.

SIXTH ORDER OF BUSINESS	Ratification of Requisition Nos. 509 –
511 Paid in February 2026 in an amount totaling $8,351.52

The Board reviewed Requisitions paid in February 2026.

On motion by Mr. Ventura, seconded by Mr. Dominigue, with all in favor, the Board of Supervisors for the Boggy Creek Improvement District ratified Requisition Nos. 509 – 511 Paid in February 2026 in an amount totaling $8,351.52.

SEVENTH ORDER OF BUSINESS	Recommendation	of	Work Authorizations/Proposed Services

Mr. Schanck reviewed the Work Authorization from McIntosh Associates for the Lake Nona Lift Station No. 9 additional surveying services, in the amount of $5,500.00.

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 from McIntosh Associates for Lake Nona Lift Station No. 9, in the amount of $5,500.00.

Mr. Padua reviewed the Work Authorization from Berman for the safety hazard trail repairs, in the amount of $6,998.10. Ms. Walden clarified that the Work Authorization includes the work of the vendor and Berman’s cost to oversee the work.

Ms. Mackie recommended that warranty information be included in the Work Authorization since the vendor is a subcontractor to Berman.

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 from Berman for safety hazard trail repairs, in the amount of $6,998.10, subject to warranty information being included in the Work Authorization.

Mr. Padua reviewed the Work Authorization from Berman for the monument lighting repairs, with a not-to-exceed amount of $5,500.00. Ms. Walden recommended adding in the warranty information here as well.

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 from Berman for monument lighting repairs, in the amount of $5,500.00, subject to warranty information being included in the Work Authorization.

Ms. Walden reviewed the Work Authorizations from Cepra, for freeze damage removal and Bougainvillea removal, in the amounts of $5,500.00 and $4,600.00. Mr. Stafford recommended waiting to see if the plant life will recover. Discussion ensued regarding cost, scope and recovery timeframe.

This Work Authorization was tabled.

EIGHTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD

Ms. Walden stated the financials are updated through February 2026 and the District has spent approximately 24% of the budget. No action was required.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.
District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, April 21,
2026.

Mr. Wilder stated that an unsolicited proposal was received from J.P. Morgan regarding refinancing the District’s Series 2013 Bonds on a direct purchase basis. The proposal is being reviewed by the Financial Advisory team and the findings will be reported back at the next meeting.
There was brief discussion regarding the proposal and statutory requirements. Ms. Mackie gave an overview of the process related to refinancing. She noted that the District is not required by Florida Law to competitively procure these services, however, she would like to review further to ensure the District is complying with its own policy.

District Engineer –	No report. Landscape Supervisor –	No report.
Irrigation Supervisor –	There was brief discussion regarding the various repair requests and the
shared coverage.

Construction Supervisor –	No report.		
TENTH ORDER OF BUSINESS		Supervisor Requests	
There were no Supervisor requests at this time.	
ELEVENTH ORDER OF BUSINESS

Dr. Levey requested a motion to adjourn.	Adjournment	

On motion by Mr. Czapka, seconded by Mr. Domingue, with all in favor, the March 10, 2026, Meeting of the Board of Supervisors for the Boggy Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

Letter from Supervisor of Elections – Orange County
(provided under separate cover)

Resolution 2026-03,
Designating a Date, Time and Location for the 2026 Landowners’ Meeting
[suggested date of November 3, 2026]

RESOLUTION 2026-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BOGGY CREEK IMPROVEMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, Boggy Creek Improvement District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Orlando, Florida; and

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and
WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF BOGGY CREEK IMPROVEMENT DISTRICT:
EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS. The Board is currently
made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Ron Domingue	11/2028	
2	Richard Levey	11/2028	
3	Chad Tinetti	11/2026	
4	Damon Ventura	11/2026	
5	Thad Czapka	11/2026	

This year, Seat 3, currently held by Chad Tinetti, Seat 4, currently held by Damon Ventura, and Seat 5, currently held by Thad Czapka are subject to election by landowners in November 2026. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on the 3rd day of November, 2026, at 10:00 A. M., and located at 6900 Tavistock Lakes, Ste 200, Orlando, FL 32827.
PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.

FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its April 21, 2026, meeting. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the office of the District Manager, PFM Management Services LLC, located at 3501 Quadrangle Blvd., Suite 270, Orlando, Florida 32817.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED THIS 21st DAY OF APRIL 2026.

BOGGY CREEK IMPROVEMENT DISTRICT

ATTEST:	CHAIRMAN / VICE CHAIRMAN

SECRETARY / ASST. SECRETARY

EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE BOGGY CREEK IMPROVEMENT DISTRICT
Notice is hereby given to the public and all landowners within Boggy Creek Improvement District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 1,085 acres, located east of Boggy Creek Road, south of Lake Nona and west of Narcoossee Road, in the City of Orlando, Florida, advising that a meeting of landowners will be held for the purpose of electing three (3) persons to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.
DATE:	November 3. 2026	
TIME:	10:00 A.M		
PLACE:	6900 Tavistock Lakes, Ste 200,		
	Orlando, FL, 32828		

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 3501 Quadrangle Blvd., Suite 270, Orlando, Florida 32817, Ph: (407) 723-5900 (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.
Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

Jennifer Walden District Manager
Run Date(s): 	 & 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION, IN A NEWSPAPER WHICH IS IN GENERAL CIRCULATION IN THE AREA OF THE DISTRICT

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF BOGGY CREEK IMPROVEMENT DISTRICT
FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS’ MEETING: Tuesday, November 3. 2026

TIME: 10:00 A.M.

LOCATION: 6900 Tavistock Lakes, Ste 200, Orlando, FL 32827

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.
A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.
This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

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

LANDOWNER PROXY
BOGGY CREEK IMPROVEMENT DISTRICT ORANGE COUNTY, FLORIDA
LANDOWNERS’ MEETING – NOVEMBER 3. 2026
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 			 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Boggy Creek Improvement District to be held at 	, on 	, at    a/p.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

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

Total Number of Authorized Votes:

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

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

OFFICIAL BALLOT
BOGGY CREEK IMPROVEMENT DISTRICT ORANGE COUNTY, FLORIDA
LANDOWNERS’ MEETING – NOVEMBER 3. 2026

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Boggy Creek Improvement District and described as follows:

Description	Acreage

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

or
Attach Proxy.

I,		,	as	Landowner,	or	as	the	proxy	holder	of
	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	
3			
4			
5			

Date: 		Signed: 	
Printed Name: 	

Proposals for Trail Repairs
(provided under separate cover)

Fiscal Year 2027 Operations & Maintenance Budget

	Actual Through		Anticipated		Anticipated FY		FY 2026 Adopted		FY 2027 Proposed	
	3/2026		4/2026 - 9/2026		2026 Total		Budget		Budget	

Revenues										
Assessments	$	504,968.14		$	415,487.30		$	920,455.44		$	920,455.44		$	920,455.44	
Developer Contributions	63,941.25		22,154.17		86,095.42		725,319.70		-	
Carryforward Revenue	65,268.75		65,268.74		130,537.49		130,537.49		112,222.61	
Other Income & Other Financing Sources	0.01		-		0.01		-		-	
Net Revenues	$	634,178.15		$	502,910.21		$  1,137,088.36		$	1,776,312.63		$	1,032,678.05	
General & Administrative Expenses										
Legislative										
Supervisor Fees	$	1,400.00		$	2,400.00		$	3,800.00		$	12,000.00		$	12,000.00	
Financial & Administrative										
Public Officials' Liability Insurance	4,569.00		-		4,569.00		4,956.50		5,254.35	
Trustee Services	6,446.30		2,687.70		9,134.00		9,134.00		9,134.00	
Management	21,250.02		21,249.98		42,500.00		42,500.00		42,500.00	
Engineering	3,128.88		3,128.88		6,257.76		11,500.00		11,500.00	
Disclosure	500.00		1,500.00		2,000.00		2,000.00		2,000.00	
District Counsel	9,262.04		18,524.08		27,786.12		35,000.00		35,000.00	
Assessment Administration	15,000.00		-		15,000.00		15,000.00		15,000.00	
Reamortization Schedules	-		250.00		250.00		250.00		250.00	
Audit	4,800.00		-		4,800.00		4,000.00		4,900.00	
Arbitrage Calculation	1,000.00		200.00		1,200.00		1,200.00		1,200.00	
Tax Preparation	25.20		-		25.20		30.00		35.00	
Travel and Per Diem	61.80		61.80		123.60		300.00		300.00	
Telephone	-		25.00		25.00		25.00		25.00	
Postage & Shipping	153.35		153.36		306.71		500.00		500.00	
Copies	-		250.00		250.00		250.00		250.00	
Legal Advertising	1,219.64		1,219.62		2,439.26		6,000.00		6,000.00	
Bank Fees	7.60		352.40		360.00		360.00		360.00	
Miscellaneous	160.00		1,020.00		1,180.00		1,180.00		1,180.00	
Meeting Room	-		250.00		250.00		250.00		250.00	
Office Supplies	-		100.00		100.00		100.00		100.00	
Property Taxes	-		150.00		150.00		150.00		175.00	
Web Site Maintenance	1,410.00		2,010.00		3,420.00		3,420.00		3,420.00	
Holiday Decorations	500.00		-		500.00		600.00		600.00	
Dues, Licenses, and Fees	175.00		-		175.00		175.00		175.00	
Total General & Administrative Expenses	$	71,068.83		$	55,532.82		$	126,601.65		$	150,880.50		$	152,108.35	

	Actual Through		Anticipated		Anticipated FY		FY 2026 Adopted		FY 2027 Proposed	
	3/2026		4/2026 - 9/2026		2026 Total		Budget		Budget	

Field Operations Expenses										
Electric Utility Services										
Electric	$	6,926.92		$	6,926.94		$	13,853.86		$	9,500.00		$	20,000.00	
Entry Lighting	-		500.00		500.00		500.00		500.00	
Water-Sewer Combination Services										
Water Reclaimed	9,613.90		9,613.92		19,227.82		32,000.00		32,000.00	
Other Physical Environment										
General Insurance	5,183.00		-		5,183.00		5,623.50		5,960.45	
Property & Casualty	6,455.00		-		6,455.00		7,307.10		7,423.25	
Other Insurance	500.00		-		500.00		1,500.00		575.00	
Irrigation Repairs	18,015.04		18,015.06		36,030.10		65,000.00		57,000.00	
Landscaping Maintenance & Material	165,396.06		165,396.06		330,792.12		364,720.00		340,000.00	
Landscape Improvements	-		32,500.02		32,500.02		65,000.00		65,000.00	
Tree Trimming	-		7,849.98		7,849.98		15,700.00		15,700.00	
Contingency	-		4,999.98		4,999.98		10,000.00		10,000.00	
Trail Maintenance	-		10,000.02		10,000.02		20,000.00		20,000.00	
Pest Control	1,510.00		1,510.00		3,020.00		3,500.00		3,500.00	
Shuttle Financing										
Maintenance	13,599.92		-		13,599.92		216,000.00		-	
Vehicle Cost (Loan Payment)	-		-		-		146,319.70		-	
BEEP Operating Costs	72,495.50		-		72,495.50		358,000.00		-	
Interchange Maintenance Expenses										
IME - Aquatics Maintenance	1,628.28		1,628.28		3,256.56		3,445.00		3,445.00	
IME - Irrigation Repair	488.64		488.64		977.28		3,250.00		3,250.00	
IME - Landscaping	46,819.68		46,819.68		93,639.36		95,264.33		95,264.33	
IME - Lighting	323.58		323.58		647.16		1,300.00		1,300.00	
IME - Miscellaneous	99.13		99.12		198.25		6,500.00		6,500.00	
IME - Water Reclaimed	428.00		427.98		855.98		1,625.00		1,625.00	
IME - Landscape Improvements	-		6,499.98		6,499.98		13,000.00		13,000.00	
Road & Street Facilities										
Entry and Wall Maintenance	26,550.00		26,550.00		53,100.00		26,000.00		26,000.00	
Streetlights	38,385.75		38,385.78		76,771.53		97,350.83		104,000.00	
Parks & Recreation										
Personnel Leasing Agreement - Administrator	8,000.04		7,999.96		16,000.00		16,000.00		16,000.00	
Personnel Leasing Agreement - Irrigation Specialist	10,000.02		9,999.98		20,000.00		20,000.00		20,000.00	
Reserves										
Infrastructure Capital Reserve	-		20,166.67		20,166.67		20,166.67		20,166.67	
Interchange Maintenance Reserve	-		2,360.00		2,360.00		2,360.00		2,360.00	
Total Field Operations Expenses	$	432,418.46		$	419,061.63		$	851,480.09		$	1,626,932.13		$	890,569.70	

Total Expenses	
$	503,487.29		
$	474,594.45		
$	978,081.74		
$	1,777,812.63		
$	1,042,678.05	

Income (Loss) from Operations	
$	130,690.86		
$	28,315.76		
$	159,006.62		
$	(1,500.00)		
$	(10,000.00)	
Other Income (Expense)										
Interest Income	$	26,254.25		$	14,434.56		$	40,688.81		$	1,500.00		$	10,000.00	
Total Other Income (Expense)	$	26,254.25		$	14,434.56		$	40,688.81		$	1,500.00		$	10,000.00	
Net Income (Loss)	$	156,945.11		$	42,750.32		$	199,695.43		$	-		$	-	

Revenues

Assessments

The District can 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. It is typically collected via the Tax Collector (referred to as On Roll), but it can also be collected via a direct bill (referred to as Off Roll) from the District.

Developer Contribution
Funding from the Developer.

Carryforward Revenue

Unused income from a prior year which is available as cash for the current year.

General & Administrative Expenses

Legislative

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.
Financial & Administrative

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the District Manager provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can 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. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage Calculation

To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate an arbitrage rebate liability.

Tax Preparation

Annual fee to file Forms 1099 and 1096 with the Internal Revenue Service.

Travel and Per Diem

Travel to and from meetings as related to the District.

Telephone

Telephone and fax machine services.

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Copies

Printing and binding Board agenda packages, letterhead, envelopes, and copies.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Bank Fees

Bank fees associated with the services the District uses with the bank (e.g. remote deposit capture, positive pay, wire transfers, ACH payments, monthly maintenance, etc.).

Miscellaneous

Other general & administrative expenses incurred throughout the year.
Meeting Room
Fee associated with renting a meeting room for monthly Board meetings.

Office Supplies

General office supplies associated with the District.

Property Taxes
Ad Valorem taxes on District property that is not tax-exempt.

Web Site Maintenance

Web site maintenance fee.

Holiday Decorations
District decorations for the holidays.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Field Operations Expenses

Electric Utility Services

Electric

The District pays for electric meters used on District-owned roads.

Entry Lighting
Lighting charges for District entryways.

Water-Sewer Combination Services

Water Reclaimed Water used for irrigation Other Physical Environment
General Insurance

General liability insurance.

Property & Casualty

Insurance to protect property and cover casualty.

Other Insurance

Insurance to protect the District not otherwise covered under D&O, General, or Property & Casualty.

Irrigation Repairs
Inspection and repair of irrigation system.

Landscaping Maintenance & Material

Contracted landscaping within the boundaries of the District.

Landscape Improvements
Improvements in landscape above and beyond what is already contracted for property owned by District.

Tree Trimming

Trimming of trees on District property.

Contingency
Other Field Operations expenses incurred throughout the year.

Trail Maintenance

All costs associated with keeping trails safe, usable, and accessible, including labor, equipment, and contracted services.

Pest Control

All costs addressing pest problems, including initial treatments, ongoing maintenance, and potential repairs.

Interchange Maintenance Expenses

IME – Aquatics Maintenance
Pond maintenance as it relates to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Irrigation Repair

Irrigation repairs as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Landscaping

Landscaping services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Lighting

Lighting services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.
IME – Miscellaneous

Other interchange expenses as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Water Reclaimed

Water reclaimed services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Landscape Improvements
Landscape improvement services as they relate to the Interchange. The District is responsible for only a portion of the cost. Greeneway Improvement District, Myrtle Creek Improvement District, and Midtown Improvement District each chip in for the remainder.

Road & Street Facilities

Entry and Wall Maintenance
Maintenance of entrance(s) and walls within the District.

Streetlights

Streetlighting expenses within the District.
Parks & Recreation

Personnel Leasing Agreement – Administrator
The lease of outside personnel for administrative duties per signed agreement.

Personnel Leasing Agreement – Irrigation Specialist

The lease of outside personnel for irrigation duties per signed agreement.

Reserves
Infrastructure Capital Reserve
Funds reserved for infrastructure capital repairs/maintenance/replacement. These funds are kept in a separate bank account.

Interchange Maintenance Reserve

Funds reserved for interchange maintenance/repairs. These funds are kept in a separate bank account.

Other Income (Expense)

Interest Income

Income from interest earnings.

Boggy Creek Improvement District

Supplement to the Third Amended and Restated Engineer's Report

_�I-�-�-I���11;��

407.644.4068
1950 Summit Park Drive, Suite 600
Orlando, FL 32810 www.clwma.com

April 7, 2026

Boggy Creek Improvement District Board of Supervisors
c/o PFM Group Consulting, LLC
3501 Quadrangle Boulevard, Suite 270
Orlando, FL 32817

Re:		Boggy Creek Improvement District Supplement to the Third Amended and Restated Engineer's Report for
Capital Improvements Program Dear Board Members:
As you are aware, the currently approved Boggy Creek Improvement District Third Amended and Restated Engineer's Report for Capital Improvements Program was last reviewed and adopted on June 20, 2023 (the "Engineer's Report"). Since that approval there have been certain transportation improvements to the overall development plan with the District as follows:

Two (2) Roundabouts have been constructed just east of Boggy Creek Road along Lake Nona Boulevard in Iieu of Traffic Signalization described in the Engineer's Report.

To that end, the purpose of this correspondence is to supplement the Engineer's Repo1i to confirm the above noted Roundabouts are considered a part of the District's Capital Improvement Program as described in the Engineer's Report.

Sincerely,
McIntosh Associates
an LJA company

President

RAS/It
c:	Richard Levey, Chairman
Jennifer Walden, District Manager Tucker Mackie, Kutak Rock
Dan Young, Tavistock Development Company

Acknowledged:

Chair, Board of Supervisors
Boggy Creek Improvement District

F:\Proj2003\23218\ENGadmin\Clec1895 BCID Supplement to Engineer's Report.docx 4922-9835-8942.1

Boggy Creek Improvement District

Operation and Maintenance Expenditures Paid in March 2026 in an amount totaling $140,750.21

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 March 1, 2026 through March 31, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:    $140,750.21

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

AP Check Register (Current by Bank)
Check Dates: 3/1/2026 to 3/31/2026

Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: OM-ACH - CIT& NATIONAL BANK - ACH ( )IRES	,,1-1,1-,,,,-,,-,1	
(00)(	03/10/26	 	$%,-BA	$%&oba&'ech		*1 )+00	
(00) 	03/20/26	 	-/C	-r&an.o /ti&ities Co00ission		*11161 +22	
(00) 	03/20/26	 	'R/2'4	/2 Bank as 'rustee 3or Boggy C		*2361)31+60	
					BANK OM-ACH REGISTER TOTAL:	$248,335.82	

BANK ID: SUN - CIT& NATIONAL BANK	,,1-1,1-,,,,-,,-,1

 )20	03/06/26	P	B4RC-5	Ber0an Construction		*)12)0+01	
 )21	03/06/26	P	C4PRA	Ce6ra ,an.sca6e		*)1161)+) 	
 )22	03/10/26	P	A8C	A7uatic 8ee. Contro&1 9nc+		* 3)+00	
 )23	03/10/26	P	C4PRA	Ce6ra ,an.sca6e		*(162 +)0	
 )2 	03/10/26	P	%RA/	%rau an. Associates		* 1 00+00	
 )2)	03/2 /26	P	B4RC-5	Ber0an Construction		*31000+01	
 )26	03/2 /26	P	C4PRA	Ce6ra ,an.sca6e		*)1161)+) 	
 )2(	03/2 /26	P	P: %C	P: %rou6 Consu&ting		*31 00+31	
 )2 	03/2 /26	P	R,4$4<	Richar. ,e;ey		*200+00	
 )2 	03/2 /26	P	'C>AP?	'ha..eus C=a6ka		*200+00	
					BANK SUN REGISTER TOTAL:	$128,945.99	

GRAND TOTAL	$377,281.81

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

BANK:	SUN	CHECK:	4520	AMOUNT:	$5,250.01	DATE:	03/06/26	VEND ID:	BERCON			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/31/25
02/01/26
02/01/26	93973
94685
94685			PA 722 - Sidewalk grinding
PA 719 - Feb. administrator ag PA 719 - Feb. irrigation speci				$0.00
$0.00
$0.00		$2,250.00
$1,333.34
$1,666.67	

BANK:	
SUN	
CHECK:	
4521	TOTALS:
AMOUNT:	
$51,615.58	
DATE:	
03/06/26	
VEND ID:	$0.00
CEPRA		$5,250.01	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/01/26
02/01/26	0-S9515 O-S9510			PA 719 - Feb. landscaping
PA 719 - Feb. interchange land				$0.00
$0.00		$27,605.50
$24,010.08	

BANK:	
SUN	
CHECK:	
4522	TOTALS:
AMOUNT:	
$835.00	
DATE:	
03/10/26	
VEND ID:	$0.00
AWC		$51,615.58	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/01/26	1136973			PA 723 - Mar. waterway service				$0.00		$835.00	
				TOTALS:					$0.00		$835.00	
BANK:	SUN	CHECK:	4523	AMOUNT:	$7,629.50	DATE:	03/10/26	VEND ID:	CEPRA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/31/26
01/31/26
01/31/26
01/31/26
01/31/26
01/31/26
01/31/26
01/31/26
02/26/26
02/26/26
02/26/26
02/26/26
02/26/26	O-S9560 O-S9561 O-S9562 O-S9563 O-S9564 O-S9565 O-S9570 O-S9571 O-S9672 O-S9674 O-S9675 O-S9678 O-S9679			PA 723 - Jan. controller 12 ir PA 723 - Jan. controller 13 ir PA 723 - Jan. controller 14 ir PA 723 - Jan. controller 16 ir PA 723 - Jan. controller 17 ir PA 723 - Jan. controller 23 ir PA 723 - Jan. controller 16 va PA 723 - Jan. controller 13 va PA 723 - Jan. controller 11 ir PA 723 - Feb. controller 13 ir PA 723 - Feb. Loop Rd irrigati PA 723 - Feb. controller 28 ir PA 723 - Feb. controller 30 ir				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$334.00
$539.00
$436.00
$272.50
$216.50
$433.00
$520.00
$520.00
$742.00
$1,159.00
$1,764.00
$346.00
$347.50	

BANK:	
SUN	
CHECK:	
4524	TOTALS:
AMOUNT:	
$4,800.00	
DATE:	
03/10/26	
VEND ID:	$0.00
GRAU		$7,629.50	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/02/26	28736			PA 723 - FY 2025 audit				$0.00		$4,800.00	

BANK:	
OM-ACH	
CHECK:	
70057	TOTALS:
AMOUNT:	
$185.00	
DATE:	
03/10/26	
VEND ID:	$0.00
VGLOBA		$4,800.00	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/01/26	8291			PA 723 - Mar. website maint.				$0.00		$185.00	
				TOTALS:					$0.00		$185.00	
BANK:	OM-ACH	CHECK:	70058	AMOUNT:	$11,619.22	DATE:	03/20/26	VEND ID:	OUC			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
03/03/26
03/03/26
03/03/26
03/03/26
03/03/26
03/03/26	83178-030326
83178-030326
83178-030326
83178-030326
83178-030326
83178-030326		PA 723 - OUC 2026.03.03 - Depo PA 723 - OUC 2026.03.03 - IME PA 723 - OUC 2026.03.03 - Elec PA 723 - OUC 2026.03.03 - Wate PA 723 - OUC 2026.03.03 - Stre PA 723 - OUC 2026.03.03 - IME				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		($18.27)
$200.80
$1,789.36
$1,760.08
$7,697.68
$189.57	
			TOTALS:				$0.00		$11,619.22	

BANK:	OM-ACH	CHECK:	70059	AMOUNT:	$236,531.60	DATE:	03/20/26	VEND ID:	TRUSTE			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/14/26
03/14/26	2026.03.13
2026.03.13		S2013 FY26 DS (203751008) Dist S2023 FY26 DS (255653000) Dist				$0.00
$0.00		$143,513.13
$93,018.47	

BANK:	
SUN	
CHECK:	
4525	TOTALS:
AMOUNT:	
$3,000.01	
DATE:	
03/24/26	
VEND ID:	$0.00
BERCON		$236,531.60	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/01/26
03/01/26	95360
95360			PA 723 - Mar. administrator ag PA 723 - Mar. irrigation speci				$0.00
$0.00		$1,333.34
$1,666.67	

BANK:	
SUN	
CHECK:	
4526	TOTALS:
AMOUNT:	
$51,615.58	
DATE:	
03/24/26	
VEND ID:	$0.00
CEPRA		$3,000.01	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/01/26
03/01/26	O-S9715 O-S9720			PA 723 - Mar. interchange land PA 723 - Mar. landscaping				$0.00
$0.00		$24,010.08
$27,605.50	

BANK:	
SUN	
CHECK:	
4527	TOTALS:
AMOUNT:	
$3,800.31	
DATE:	
03/24/26	
VEND ID:	$0.00
PFMGC		$51,615.58	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/09/26
02/09/26
02/09/26
03/03/26
03/03/26
03/05/26
02/06/26
03/04/26	140716
140716
140716
140961
140961
DM-03-2026-6
OE-EXP-02-2026-05 OE-EXP-03-2026-06		PA 720 - Jan. mileage, tolls PA 720 - Dec. storage facility PA 720 - Tax1099 forms
PA 724 - Feb. mileage, tolls PA 724 - Jan. storage facility PA 724 - DM fee: Mar. 2026
PA 720 - Jan. FedEx
PA 723 - Feb. FedEx				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$14.00
$40.00
$25.20
$7.00
$40.00
$3,541.67
$22.83
$109.61	

BANK:	
SUN	
CHECK:	
4528	TOTALS:
AMOUNT:	
$200.00	
DATE:	
03/24/26	
VEND ID:	$0.00
RLEVEY		$3,800.31	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
03/10/26	2026.03.10		PA 724 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	SUN	CHECK:	4529	AMOUNT:	$200.00	DATE:	03/24/26	VEND ID:	TCZAPK			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
03/10/26	2026.03.10		PA 724 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	

Boggy Creek Improvement District

Requisition Nos. 512 – 514 Paid in March 2026 in an amount totaling $13,388.14

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 March 1, 2026 through March 31, 2026. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
512	Donald W. McIntosh Associates	$10,152.61	
513	Orlando Sentinel	$610.53	
514	Kutak Rock	$2,625.00	
	TOTAL	$13,388.14	

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 I, 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);

(A)	Requisition Number: 5 I 2

(8)	Name of Payee: Donald W. McIntosh Associates

Amount Payable: $10,152.61

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 of Issuance, if applicable):

Invoice 48697 for Project 232 I 8 (Lake Nona Boggy Creek) Through 02/27/2026
-$4,501.25
2.  Invoice 48704 for Project 22542 (Lake Nona South Lift Station No. 9 and 6,000
LF of 10" Force Main) Through 02/27/2026- $5,651.36

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 512: Donald W. McIntosh Associates	March 20, 2026	Page I of2

[ RECEIVED
By Amanda Lane at 8:41 am, Mar 25, 2026

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BCID Re!&i#i$i n 512: D nald W. McIn% #h ## cia$e#	Ma"ch 20, 2026	Page 2 f2

By Amanda Lane at 8:41 am, Mar 25, 2026

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 I, 20IO (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of April I, 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: 513

Name of Payee: Orlando Sentinel

Amount Payable: $610.53

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 OSA15445 for Ad #I 9596 for Construction Legal Advertising of the Construction Committee Meeting Schedule (Split Five Ways, Will Be Reimbursed From GID, MCID, PE, MID)- $329.60
2. Invoice OSA22275 for Ad #22883 for Construction Legal Advertising of the March 5, 2026 Construction Committee Meeting (Split Five Ways, Will Be Reimbursed From GID, MCID, PE, MID)-$280.93

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 513: Orlando Sentinel	March 20, 2026	Page I of2

[RECEIVED
By Amanda Lane at 8:41 am, Mar 25, 2026

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.P0@ 23. 2026

BCID Re!&i#i$i n 5I3: O"land Sen%inel	Ma"ch 20, 2026	Page 2 f2

By Amanda Lane at 8:41 am, Mar 25, 2026

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 I, 20 IO (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of April I, 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: 514

Name of Payee: Kutak Rock

Amount Payable: $2,625.00

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 of Issuance, if applicable):

Invoice 3716893 for Client Matter 3023-2 (Project Construction) through 02/28/2025 - $735.00
2.		Invoice 3716894 for Client Matter 3023-2 (Project Construction) through 01/3 I /2025 - $1,890.00

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

BCID Requisition 514: Kutak Rock	March 27, 2026	Page I of2

[ RECEIVED
By Amanda Lane at 2:51 pm, Mar 30, 2026

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BCID Re $i"i#ion 514: K$#ak Rock	Ma!ch 27, 2026	Page 2 of2

By Amanda Lane at 2:51 pm, Mar 30, 2026

Boggy Creek Improvement District

Work Authorizations/Proposed Services
(if applicable)

WORK AUTHORIZATION FOR MAINTENANCE SERVICES

This Work Authorization (the "Work Authorization"), dated

3/19

, 2026 authorizes

certain work in accordance with that certain AGREEMENT BETWEEN THE BOGGY CREEK IMPROVEMENT DISTRICT AND BERMAN CONSTRUCTION, LLC FOR GENERAL MAINTENANCE
SERVICES (the "Agreement"), dated August 18, 2020, by and between:

Boggy Creek Improvement District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Orlando, Florida, and whose mailing address is 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817 (the "District"); and

Berman Construction, LLC, a Florida limited liability company, with a mailing address of 9801 Lake Nona Club Drive, Orlando, Florida 32827 (hereinafter "Contractor", together with District the "Parties").
Section 1. Scope of Services. Contractor shall provide Sign Replacement maintenance services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the "Services").

Section 2. Compensation and Term. It is understood and agreed that the payment of compensation for the Services under this Work Authorization shall be in the amount and for the term set forth in the attached Exhibit A, and in the manner set forth in the Agreement.

Section 3. Acceptance. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as outlined above and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall commence the aforesaid Services as provided herein and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.

BOGGY CREEK IMPROVEMENT DISTRICT

Secretary
By:	

BERMANC

,LLC

Its:

Witness

By:	General Manager

Its: Eddie Padua

Exhibit A: Proposal/Scope of Services

WWW.BERMANCORP.COM | 866.752.5809

1

Project : BCID - Replace Stop Sign
Proposal Date: 03/19/2026
Project Name: BCID - Replace Stop Sign Client Contact: BCID , agent for owner

Project Scope
This proposal includes replacement of the current stop sign in front of Nemours hospital with a new 30” x 30” (R1-1) STOP sign constructed from .080 aluminum with diamond-grade reflective vinyl for improved visibility and safety. The installation will include a 13” x 3” painted square post. To ensure durability and long-term stability, the post will be set securely in concrete. This upgrade will provide clearer traffic control and enhance roadway safety in the areas.
Work will be completed in the most expedient time frame as possible. All work will be performed during working hours.
Materials and Sign Fabrication: $1,315.55 Labor and Installation: $335.00
Total Cost: $1,650.55

Payment Schedule – Net 30 days from completion.

Payment Terms

Total Project Costs: $1,650.55 (this includes during normal business hours additional cost applied if overnight or holidays).

Project : BCID- Replace Stop Sign

Additional Notes
Please contact our office upon receipt and approval of this contract, and any questions you might have. Should you accept the terms outlined above please sign below and return.
We can then schedule your services at that time. This proposal will become binding once executed by both parties.

Thank You
We appreciate your business and look forward to our continued partnership. Please don’t hesitate to reach out with any questions.

Approvals

BCID CDD
By:

Berman
By: Eddie Padua, GM

About Berman
Berman is a national full-service property management, security and facility services company based in Lake Nona, Florida. Our team is highly skilled in providing dependable, professional and cost-effective solutions across facility, janitorial, on-demand repairs, maintenance staffing, security and all other ancillary facility services to help you run your facility as smoothly as possible.
We pride ourselves on being a single point for all facility and property needs. Quality and integrity are at the heart of what we do.
We are a tech-forward team, serving our clients with swift and diligent work, to ensure our client properties are well taken care of. We embrace problems quickly and tackle solutions intelligently in a unique, customized manner for each clients’ needs.

Our Services
Property & Facility Management

Property Maintenance

24/7 Emergency Repairs

General Construction

Janitorial Services

Security

Pressure Washing

Landscaping

Disaster Response
WWW.BERMANCORP.COM | 866.752.5809	2

WWW.BERMANCORP.COM | 866.752.5809

3

	
Boggy Creek Improvement District

District’s Financial Position and Budget to Actual YTD

Boggy Creek Improvement District
March 2026 Financial Package

March 31, 2026

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 3/31/2026

General	Debt Service	Capital Projects

General Long-Term Debt

Total

Assets	
Current Assets
General Checking Account State Board of Administration Infrastructure Capital Reserve
Interchange Maintenance Reserve Accounts Receivable - Due from Developer On-Roll Assessments Receivable
Off-Roll Assessments Receivable Due From Other Governmental Units Deposits
On-Roll Assessments Receivable Off-Roll Assessments Receivable Debt Service Reserve Series 2013 Debt Service Reserve Series 2023 Revenue Series 2013
Revenue Series 2023
Prepayment Series 2013
Prepayment Series 2023 General Checking Account
Due From Other Governmental Units Acquisition/Construction Series 2013
Acquisition/Construction Series 2023
Total Current Assets	
$

$	
698,662.26
1,553.09
144,762.86
16,938.46
22,154.17
260,275.25
155,212.05
17,073.41
5,000.00

1,321,631.55	

$	492,973.87
1,084,047.37
3,936,453.12
582,509.38
3,155,172.72
995,600.37
4,568.75
3,806.38

$ 10,255,131.96	

$

$	

13,443.30
536.07
181,694.44
3,214.07
198,887.88	

$	

-	
$

$	
698,662.26
1,553.09
144,762.86
16,938.46
22,154.17
260,275.25
155,212.05
17,073.41
5,000.00
492,973.87
1,084,047.37
3,936,453.12
582,509.38
3,155,172.72
995,600.37
4,568.75
3,806.38
13,443.30
536.07
181,694.44
3,214.07
11,775,651.39	

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

$	Boggy Creek Improvement District
Statement of Financial Position As of 3/31/2026

General	Debt Service	Capital Projects

	
-	$	-	$	-		

General Long-Term Debt

$	8,678,110.72
47,931,889.28

$ 56,610,000.00		

$

$	

Total

8,678,110.72
47,931,889.28
56,610,000.00	
Total Assets	$	1,321,631.55		$ 10,255,131.96	$	198,887.88		$ 56,610,000.00		$	68,385,651.39	

Current Liabilities Accounts Payable Deferred Revenue
Deferred Revenue - On-Roll Deferred Revenue - Off-Roll Deferred Revenue - On-Roll Deferred Revenue - Off-Roll Accounts Payable
Total Current Liabilities	

$

$	

Liabilities and Net Assets

26,796.77
22,154.17
260,275.25
155,212.05
$	492,973.87
1,084,047.37
$	47.65
464,438.24	$	1,577,021.24	$	47.65		

$	-		

$

$	

26,796.77
22,154.17
260,275.25
155,212.05
492,973.87
1,084,047.37
47.65
2,041,507.13	

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities	

$	

-		

$	

-		

$	-		

$ 56,610,000.00

$ 56,610,000.00		

$
$	

56,610,000.00
56,610,000.00	
Total Liabilities	$	464,438.24		$	1,577,021.24	$	47.65		$ 56,610,000.00		$	58,651,507.13	

Boggy Creek Improvement District
Statement of Financial Position As of 3/31/2026	
		
General		
Debt Service		
Capital Projects		General Long-Term Debt			
Total	
Net Assets											
Net Assets, Unrestricted	$	70,670.30							$	70,670.30	
Net Assets - General Government		694,846.65								694,846.65	
Current Year Net Assets - General Government		91,676.36								91,676.36	
Net Assets, Unrestricted				$  (1,465,642.46)						(1,465,642.46)	
Current Year Net Assets, Unrestricted				2,069,719.15						2,069,719.15	
Net Assets - General Government				8,074,034.03						8,074,034.03	
Net Assets, Unrestricted					$  (22,384,631.35)					(22,384,631.35)	
Net Assets, Unrestricted					(4,153,414.29)					(4,153,414.29)	
Current Year Net Assets, Unrestricted					39,909.71					39,909.71	
Net Assets - General Government					26,696,976.16					26,696,976.16	
Total Net Assets	$	857,193.31		$	8,678,110.72	$	198,840.23		$	-		$	9,734,144.26	

Total Liabilities and Net Assets	$	1,321,631.55		$ 10,255,131.96	$	198,887.88		$ 56,610,000.00		$	68,385,651.39	

Boggy Creek Improvement District
Statement of Activities As of 3/31/2026	
	
General	
Debt Service	
Capital Projects	General Long-Term Debt		
Total	
Revenues
On-Roll Assessments Off-Roll Assessments Developer Contributions
Other Income & Other Financing Sources On-Roll Assessments
Off-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Transfers In
Total Revenues	

$	39,332.04
465,636.10
63,941.25
0.01
$	240,367.71
3,252,142.11
(72,943.97)

$ 568,909.40	$	3,419,565.85	

$	72,943.97

$	72,943.97	

$	-	

$

$	

39,332.04
465,636.10
63,941.25
0.01
240,367.71
3,252,142.11
(72,943.97)
72,943.97
4,061,419.22	
Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure District Counsel
Assessment Administration Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Postage & Shipping Legal Advertising Bank Fees Miscellaneous
Web Site Maintenance Holiday Decorations
Dues, Licenses, and Fees	

$	1,400.00
4,569.00
6,446.30
21,250.02
3,128.88
500.00
9,262.04
15,000.00
4,800.00
1,000.00
25.20
61.80
153.35
1,219.64
7.60
160.00
1,410.00
500.00
175.00			

$	

1,400.00
4,569.00
6,446.30
21,250.02
3,128.88
500.00
9,262.04
15,000.00
4,800.00
1,000.00
25.20
61.80
153.35
1,219.64
7.60
160.00
1,410.00
500.00
175.00	

Boggy Creek Improvement District
Statement of Activities As of 3/31/2026	
	
General	
Debt Service	
Capital Projects	General Long-Term Debt		
Total	
Electric
Water Reclaimed General Insurance Property & Casualty Other Insurance Irrigation Parts
Landscaping Maintenance & Material IME - Aquatics Maintenance
IME - Irrigation IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed Pest Control
Entry and Wall Maintenance Shuttle Financing - Maintenance
Shuttle Financing - BEEP Operating Costs Streetlights
Personnel Leasing Agreement Interest Payments (Series 2013) Interest Payments (Series 2023) Engineering
District Counsel Legal Advertising Contingency
Total Expenses	$	6,926.92
9,613.90
5,183.00
6,455.00
500.00
18,015.04
165,396.06
1,628.28
488.64
46,819.68
323.58
99.13
428.00
1,510.00
26,550.00
13,599.92
72,495.50
38,385.75
18,000.06
$	1,015,775.00
437,278.13

	
$ 503,487.29	$	1,453,053.13	

$	32,034.50
2,960.00
323.20
622.45

$	35,940.15	

$	-	$

$	6,926.92
9,613.90
5,183.00
6,455.00
500.00
18,015.04
165,396.06
1,628.28
488.64
46,819.68
323.58
99.13
428.00
1,510.00
26,550.00
13,599.92
72,495.50
38,385.75
18,000.06
1,015,775.00
437,278.13
32,034.50
2,960.00
323.20
622.45
1,992,480.57	

Boggy Creek Improvement District
Statement of Activities As of 3/31/2026	
	
General		
Debt Service		
Capital Projects		General Long-Term Debt			
Total	
Other Revenues (Expenses) & Gains (Losses)
Interest Income Dividend Income Interest Income Dividend Income
Total Other Revenues (Expenses) & Gains (Losses)	

$	26,254.25							

$	

26,254.25	
		$	103,206.43							103,206.43	
				$	217.36					217.36	
		
		2,688.53					2,688.53	
	$	26,254.25	$	103,206.43		$	2,905.89		$	-		$	132,366.57	
Change In Net Assets	$	91,676.36	$	2,069,719.15		$	39,909.71		$	-		$	2,201,305.22	
Net Assets At Beginning Of Year	$ 765,516.95	$	6,608,391.57		$	158,930.52		$	-		$	7,532,839.04	

Net Assets At End Of Year	
$ 857,193.31	
$	8,678,110.72		
$	198,840.23		
$	-		
$	
9,734,144.26	

	YTD Actual		YTD Budget		YTD Variance		FY 2026
Adopted Budget		Percentage Spent	

Revenues										
Assessments	$	504,968.14		$  460,227.72		$	44,740.42		$  920,455.44		54.86%	
Developer Contributions	63,941.25		362,659.85		(298,718.60)		725,319.70		8.82%	
Carryforward Revenue	65,268.75		65,268.75		-		130,537.49		50.00%	
Other Income & Other Financing Sources	0.01		-		0.01		-			
Net Revenues	$	634,178.15		$  888,156.32		$  (253,978.17)		$ 1,776,312.63		35.70%	
General & Administrative Expenses										
Legislative										
Supervisor Fees	$	1,400.00		$	6,000.00		$	(4,600.00)		$	12,000.00		11.67%	
Financial & Administrative										
Public Officials' Liability Insurance	4,569.00		2,478.25		2,090.75		4,956.50		92.18%	
Trustee Services	6,446.30		4,567.00		1,879.30		9,134.00		70.57%	
Management	21,250.02		21,250.00		0.02		42,500.00		50.00%	
Engineering	3,128.88		5,750.00		(2,621.12)		11,500.00		27.21%	
Disclosure	500.00		1,000.00		(500.00)		2,000.00		25.00%	
District Counsel	9,262.04		17,500.00		(8,237.96)		35,000.00		26.46%	
Assessment Administration	15,000.00		7,500.00		7,500.00		15,000.00		100.00%	
Reamortization Schedules	-		124.99		(124.99)		250.00		0.00%	
Audit	4,800.00		2,000.00		2,800.00		4,000.00		120.00%	
Arbitrage Calculation	1,000.00		600.00		400.00		1,200.00		83.33%	
Tax Preparation	25.20		15.00		10.20		30.00		84.00%	
Travel and Per Diem	61.80		150.00		(88.20)		300.00		20.60%	
Telephone	-		12.50		(12.50)		25.00		0.00%	
Postage & Shipping	153.35		250.00		(96.65)		500.00		30.67%	
Copies	-		125.00		(125.00)		250.00		0.00%	
Legal Advertising	1,219.64		3,000.00		(1,780.36)		6,000.00		20.33%	
Bank Fees	7.60		180.00		(172.40)		360.00		2.11%	
Miscellaneous	160.00		590.00		(430.00)		1,180.00		13.56%	
Meeting Room	-		125.00		(125.00)		250.00		0.00%	
Office Supplies	-		50.00		(50.00)		100.00		0.00%	
Property Taxes	-		75.00		(75.00)		150.00		0.00%	
Web Site Maintenance	1,410.00		1,710.00		(300.00)		3,420.00		41.23%	
Holiday Decorations	500.00		300.00		200.00		600.00		83.33%	
Dues, Licenses, and Fees	175.00		87.50		87.50		175.00		100.00%	
Total General & Administrative Expenses	$	71,068.83		$	75,440.24		$	(4,371.41)		$  150,880.50		47.10%	

	YTD Actual		YTD Budget		YTD Variance		FY 2026
Adopted Budget		Percentage Spent	

Field Operations Expenses										
Electric Utility Services										
Electric	$	6,926.92		$	4,750.00		$	2,176.92		$	9,500.00		72.91%	
Entry Lighting	-		250.00		(250.00)		500.00		0.00%	
Water-Sewer Combination Services										
Water Reclaimed	9,613.90		16,000.00		(6,386.10)		32,000.00		30.04%	
Other Physical Environment										
General Insurance	5,183.00		2,811.75		2,371.25		5,623.50		92.17%	
Property & Casualty	6,455.00		3,653.55		2,801.45		7,307.10		88.34%	
Other Insurance	500.00		750.00		(250.00)		1,500.00		33.33%	
Irrigation Repairs	18,015.04		32,500.00		(14,484.96)		65,000.00		27.72%	
Landscaping Maintenance & Material	165,396.06		182,360.00		(16,963.94)		364,720.00		45.35%	
Landscape Improvements	-		32,500.00		(32,500.00)		65,000.00		0.00%	
Tree Trimming	-		7,850.00		(7,850.00)		15,700.00		0.00%	
Contingency	-		5,000.00		(5,000.00)		10,000.00		0.00%	
Trail Maintenance	-		10,000.00		(10,000.00)		20,000.00		0.00%	
Pest Control	1,510.00		1,750.00		(240.00)		3,500.00		43.14%	
Shuttle Financing										
Maintenance	13,599.92		108,000.00		(94,400.08)		216,000.00		6.30%	
Vehicle Cost (Loan Payment)	-		73,159.85		(73,159.85)		146,319.70		0.00%	
BEEP Operating Costs	72,495.50		179,000.00		(106,504.50)		358,000.00		20.25%	
Interchange Maintenance Expenses										
IME - Aquatics Maintenance	1,628.28		1,722.50		(94.22)		3,445.00		47.27%	
IME - Irrigation Repair	488.64		1,625.00		(1,136.36)		3,250.00		15.04%	
IME - Landscaping	46,819.68		47,632.17		(812.49)		95,264.33		49.15%	
IME - Lighting	323.58		650.00		(326.42)		1,300.00		24.89%	
IME - Miscellaneous	99.13		3,250.00		(3,150.87)		6,500.00		1.53%	
IME - Water Reclaimed	428.00		812.50		(384.50)		1,625.00		26.34%	
IME - Landscape Improvements	-		6,500.00		(6,500.00)		13,000.00		0.00%	
Road & Street Facilities										
Entry and Wall Maintenance	26,550.00		13,000.00		13,550.00		26,000.00		102.12%	
Streetlights	38,385.75		48,675.42		(10,289.67)		97,350.83		39.43%	
Parks & Recreation										
Personnel Leasing Agreement - Administrator	8,000.04		8,000.00		0.04		16,000.00		50.00%	
Personnel Leasing Agreement - Irrigation Specialist	10,000.02		10,000.00		0.02		20,000.00		50.00%	
Reserves										
Infrastructure Capital Reserve	-		10,083.34		(10,083.34)		20,166.67		0.00%	
Interchange Maintenance Reserve	-		1,180.00		(1,180.00)		2,360.00		0.00%	
Total Field Operations Expenses	$	432,418.46		$  813,466.08		$  (381,047.62)		$ 1,626,932.13		26.58%	

Total Expenses	
$	503,487.29		
$  888,906.32		
$  (385,419.03)		
$ 1,777,812.63		
28.32%	

Income (Loss) from Operations	
$	130,690.86		
$	(750.00)		
$  131,440.86		
$	(1,500.00)			
Other Income (Expense)										
Interest Income	$	26,254.25		$	750.00		$	25,504.25		$	1,500.00		1750.28%	
Total Other Income (Expense)	$	26,254.25		$	750.00		$	25,504.25		$	1,500.00		1750.28%	
Net Income (Loss)	$	156,945.11		$	-		$  156,945.11		$	-			

Boggy Creek Improvement District	
Budget to Actual	
For the Month Ending 3/31/2026	
		
Oct-25			
Nov-25			
Dec-25	
Jan-26	

Revenues									
Assessments	$	-		$	310,424.07		$	-	$	443.57	
Developer Contributions		-			21,533.33			-	21,365.42	
Carryforward Revenue		10,878.12			10,878.13			10,878.12	10,878.13	
Other Income & Other Financing Sources		0.01			-			-	-	
Net Revenues	$	10,878.13		$	342,835.53		$	10,878.12	$	32,687.12	
General & Administrative Expenses									
Legislative									
Supervisor Fees	$	200.00		$	-		$	-	$	400.00	
Financial & Administrative									
Public Officials' Liability Insurance		4,569.00			-			-	-	
Trustee Services		6,446.30			-			-	-	
Management		3,541.67			3,541.67			3,541.67	3,541.67	
Engineering		-			2,041.25			416.60	-	
Dissemination Agent		-			-			500.00	-	
District Counsel		-			-			3,936.50	-	
Assessment Administration		-			-			15,000.00	-	
Reamortization Schedules		-			-			-	-	
Audit		-			-			-	-	
Arbitrage Calculation		-			-			1,000.00	-	
Tax Preparation		-			-			-	-	
Travel and Per Diem		-			34.00			-	6.80	
Telephone		-			-			-	-	
Postage & Shipping		-			4.42			9.81	6.68	
Copies		-			-			-	-	
Legal Advertising		-			275.68			219.50	-	
Bank Fees		-			-			-	7.60	
Miscellaneous		-			-			-	80.00	
Meeting Room		-			-			-	-	
Office Supplies		-			-			-	-	
Property Taxes		-			-			-	-	
Web Site Maintenance		185.00			185.00			185.00	485.00	
Holiday Decorations		-			-			500.00	-	
Dues, Licenses, and Fees		175.00			-			-	-	
Total General & Administrative Expenses	$	15,116.97		$	6,082.02		$	25,309.08	$	4,527.75	
Field Operations									
Electric Utility Services									
Electric	$	-		$	1,396.94		$	1,129.22	$	1,489.45	
Entry Lighting		-			-			-	-	
Water-Sewer Combination Services									
Water Reclaimed		-			1,984.86			1,874.90	2,268.19	
Other Physical Environment									
General Insurance		5,183.00			-			-	-	
Property & Casualty Insurance		6,455.00			-			-	-	
Other Insurance		500.00			-			-	-	
Irrigation Repairs		-			-			7,937.50	-	
Landscaping Maintenance & Material		27,566.01			27,566.01			27,566.01	27,566.01	
Landscape Improvements		-			-			-	-	
Tree Trimming		-			-			-	-	
Contingency		-			-			-	-	
Trail Maintenance									
Pest Control		1,510.00			-			-	-	
Shuttle Financing									
Maintenance		-			3,399.98			3,399.98	3,399.98	
Vehicle Cost		-			-			-	-	
BEEP Operating Costs		-			18,133.35			17,965.44	17,642.52	
Interchange Maintenance Expenses									
IME - Aquatics Maintenance		271.38			271.38			271.38	271.38	
IME - Irrigation		-			-			488.64	-	
IME - Landscaping		7,803.28			7,803.28			7,803.28	7,803.28	
IME - Lighting		-			61.32			62.86	69.88	
IME - Miscellaneous		99.13			-			-	-	

 
Feb-26		Mar-26	

$ 155,212.03	
$	
38,888.47	
21,042.50		-	
10,878.12		10,878.13	
-		-	
$ 187,132.65	$	49,766.60	

$	400.00	
$	
400.00	
-		-	
-		-	
3,541.67		3,541.67	
284.43		386.60	
-		-	
1,574.50		3,751.04	
-		-	
-		-	
-		4,800.00	
-		-	
25.20		-	
14.00		7.00	
-		-	
22.83		109.61	
-		-	
219.50		504.96	
-		-	
40.00		40.00	
-		-	
-		-	
-		-	
185.00		185.00	
-		-	
-		-	
$	6,307.13	$	13,725.88	

$	1,121.95	

$	

1,789.36	
-		-	
1,725.87		1,760.08	
-		-	
-		-	
-		-	
2,448.04		7,629.50	
27,566.01		27,566.01	
-		-	
-		-	
-		-	
-		-	
3,399.98		-	
-		-	
18,754.19		-	
271.38		271.38	
-		-	
7,803.28		7,803.28	
67.91		61.61	
-		-	

 
YTD Actual

$  504,968.14
63,941.25
65,268.75
0.01	
$  634,178.15

$	1,400.00

4,569.00
6,446.30
21,250.02
3,128.88
500.00
9,262.04
15,000.00
- 4,800.00
1,000.00
25.20
61.80
- 153.35
- 1,219.64
7.60
160.00
-
-
- 1,410.00
500.00
175.00	
$	71,068.83

$	6,926.92
- 9,613.90
5,183.00
6,455.00
500.00
18,015.04
165,396.06
-
-
-
- 1,510.00

13,599.92
- 72,495.50

1,628.28
488.64
46,819.68
323.58
99.13	

Boggy Creek Improvement District
Budget to Actual
For the Month Ending 3/31/2026	
		Oct-25		Nov-25		Dec-25			Jan-26			Feb-26			Mar-26	YTD Actual

428.00
-

26,550.00
38,385.75

8,000.04
10,000.02

-
-	
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		-
-

-
-

1,333.34
1,666.67

-
-
52,387.81	93.46	143.72
-	-

-	8,700.00
7,645.33	7,640.23

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

-	-
-	-
 
$	71,355.92	$  87,983.17			68.94
-

- 7,701.77

1,333.34
1,666.67

-
-
71,281.41			56.62
-

15,600.00
7,700.74

1,333.34
1,666.67

-
-
89,515.98			65.26
-

2,250.00
7,697.68

1,333.34
1,666.67

-
-
59,894.17		
	$				$			$			$		$  432,418.46

$  503,487.29	
Total Expenses

Income (Loss) from Operations

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

Net Income (Loss)	 $ 

$

$
$

$	67,504.78 

(56,626.65)

2,541.90
2,541.90

(54,084.75)	 $	77,437.94   $ 113,292.25 

$  265,397.59	$ (102,414.13)

$	2,056.21	$	2,781.45
 
$	2,056.21	$	2,781.45

$  267,453.80	$ (99,632.68)		 $	

$

$
$

$	75,809.16 

(43,122.04)

2,224.37
2,224.37

(40,897.67)		 $ 

$

$
$

$	95,823.11 

91,309.54

2,245.03
2,245.03

93,554.57		 $ 

$

$
$

$	73,620.05 

(23,853.45)

14,405.29
14,405.29

(9,448.16)		
													
$  130,690.86

$	26,254.25	
													$	26,254.25	
													$  156,945.11	

Boggy Creek Improvement District Cash Flow

Beg. Cash

9/1/2025	742,366.86
10/1/2025	648,318.99
11/1/2025	651,938.55
12/1/2025	831,124.05
1/1/2026	746,528.47
2/1/2026	631,601.64
3/1/2026	769,518.77
4/1/2026	698,662.26	FY 2025 Inflows
42,475.35
40,905.70
182.90
39.54
-
-
-
-	FY 2025 Outflows
(119,816.22)
(37,286.14)
(73,453.42)
-
-
-
-
-	FY 2026 Inflows
-
- 347,679.98
22,469.94
45,702.78
195,204.52
306,425.30
-	FY 2026 Outflows	End. Cash	
				(16,707.00)	648,318.99	
				-	651,938.55	
				(95,223.96)	831,124.05	
				(107,105.06)	746,528.47	
				(160,629.61)	631,601.64	
				(57,287.39)	769,518.77	
				(377,281.81)	698,662.26	
				(4,642.60)	694,019.66 as of 04/08/2026	

Totals		83,603.49	(230,555.78)	917,482.52	(818,877.43)

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