Ridge at Apopka
Community Development District
Agenda
October 24, 2023
AGENDA
Ridge at Apopka
Community Development District
219 E. Livingston Street, Orlando, Florida 32801
Phone: 407-841-5524 – Fax: 407-839-1526
October 17, 2023
Board of Supervisors
Ridge at Apopka Community
Development District
Dear Board Members:
The meeting of the Board of Supervisors of the Ridge at Apopka Community Development
District will be held Thursday, October 24, 2023 at 3:00 p.m. at the Offices of GMS-CF, 219 E.
Livingston Street, Orlando, Florida. PLEASE NOTE THE NEW TIME AND LOCATION OF
THE MEETING. Following is the advance agenda for the regular meeting:
1. Roll Call
2. Public Comment Period
3. Approval of Minutes of the August 22, 2023 Meeting
4. Consideration of Resolution 2024-01 Designating Assistant Secretary and Assistant
Treasurer of the District
5. Consideration of Resolution 2024-02 Re-Designating District’s Registered Agent and
Office
6. Consideration of Agreement with Grau & Associates to Provide Auditing Services for
the Fiscal Year 2023
7. Approval of Jr Davis Change Order #6
8. Ratification of Series 2022 Requisition #44
A. Approval of Letter Agreement for Payment of Draw #13
9. Discussion of Right of Way and Lake Maintenance
10. Staff Reports
A. Attorney
B. Engineer
C. District Manager’s Report
i. Approval of Check Register
ii. Balance Sheet and Income Statement
iii. Ratification of Revised Fiscal Year 2024 Meeting Schedule
11. Other Business
12. Supervisor’s Requests
13. Adjournment
The balance of the agenda will be discussed at the meeting. In the meantime, if you should
have any questions, please contact me.
Sincerely,
George S. Flint
George S. Flint
District Manager
Cc: Jere Earlywine, District Counsel
John Prowell, District Engineer
Enclosures
MINUTES
1
1 MINUTES OF MEETING
2 RIDGE AT APOPKA
3 COMMUNITY DEVELOPMENT DISTRICT
4
5 The Board of Supervisors of the Ridge at Apopka Community Development District held
6 Public Hearings and a Regular Meeting on August 22, 2023 at 2:30 p.m., at the office of
7 GrayRobinson, P.A., 301 East Pine Street, Suite 1400, Orlando, Florida 32801.
8
9 Present at the meeting were:
10
11 Ernesto Mitsumasu Chair
12 Craig Perry (via telephone) Vice Chair
13 Kevin Walsh Assistant Secretary
14 Dean Perry Assistant Secretary
15 Andrew Hall (via telephone) Assistant Secretary
16
17 Also present were:
18
19 Ernesto Torres District Manager
20 Jere Earlywine District Counsel
21 John Prowell District Engineer
22
23
24 FIRST ORDER OF BUSINESS Call to Order/Roll Call
25
26 Mr. Torres called the meeting to order at 2:31 p.m.
27 Supervisors Mitsumasu, Walsh and Dean Perry, were present in person. Supervisors
28 Craig Perry and Hall attended via telephone.
29
30 SECOND ORDER OF BUSINESS Public Comments
31
32 No members of the public spoke.
33
34 THIRD ORDER OF BUSINESS Public Hearing on Adoption of Fiscal Year
35 2023/2024 Budget
36
37 A. Affidavit of Publication
38 B. Consideration of Resolution 2023-07, Relating to the Annual Appropriations and
39 Adopting the Budget for the Fiscal Year Beginning October 1, 2023, and Ending
RIDGE AT APOPKA CDD August 22, 2023
2
September 30, 2024; Authorizing Budget Amendments; 40 and Providing an Effective
41 Date
42 Mr. Torres presented Resolution 2023-07. He reviewed the proposed Fiscal Year 2024
43 budget, which is unchanged from when it was last presented and approved.
44
45 On MOTION by Mr. Dean Perry and seconded by Mr. Craig Perry, with all in
46 favor, the Public Hearing was opened.
47
48 No members of the public spoke.
49
50 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
51 favor, the Public Hearing was closed.
52
53 Mr. Craig Perry stated he was unsure of how much debt service reserve was in the
54 budget and wanted to confirm the correct dollar amount for the record.
55 Mr. Earlywine stated the CDD has cap-i through November, the first payment is in May
56 and Staff would facilitate a budget amendment to cover the May payment. He would alert
57 GMS.
58
59 On MOTION by Mr. Craig Perry and seconded by Mr. Dean Perry, with all in
60 favor, Resolution 2023-07, Relating to the Annual Appropriations and Adopting
61 the Budget for the Fiscal Year Beginning October 1, 2023, and Ending
62 September 30, 2024; Authorizing Budget Amendments; and Providing an
63 Effective Date, was adopted.
64
65 FOURTH ORDER OF BUSINESS Public Hearing to Hear Comments and
66 Objections on the Imposition of
67 Operation and Maintenance Special
68 Assessments to Fund the Budget for Fiscal
69 Year 2023/2024, Pursuant to Florida Law
70
71 A. Affidavit of Publication
72 B. Mailed Notice to Property Owners
73 C. Consideration of Resolution 2023-08, Making a Determination of Benefit and Imposing
74 Special Assessments for Fiscal Year 2023/2024; Providing for the Collection and
75 Enforcement of Special Assessments, Including But Not Limited to Penalties and
76 Interest Theron; Certifying an Assessment Roll; Providing for Amendments to the
77 Assessment Roll; Providing a Severability Clause; and Providing an Effective Date
RIDGE AT APOPKA CDD August 22, 2023
3
Mr. Torres presented Resolution 78 2023-08.
79
80 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
81 favor, the Public Hearing was opened.
82
83 No members of the public spoke.
84
85 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
86 favor, the Public Hearing was closed.
87
88 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
89 favor, Resolution 2023-08, Making a Determination of Benefit and Imposing
90 Special Assessments for Fiscal Year 2023/2024; Providing for the Collection and
91 Enforcement of Special Assessments, Including But Not Limited to Penalties
92 and Interest Theron; Certifying an Assessment Roll; Providing for Amendments
93 to the Assessment Roll; Providing a Severability Clause; and Providing an
94 Effective Date, was adopted.
95
96 FIFTH ORDER OF BUSINESS Presentation of Audited Financial Report
97 for the Fiscal Year Ended September 30,
98 2022, Prepared by Grau & Associates
99
100 Mr. Torres presented the Audited Financial Report for the Fiscal Year Ended September
101 30, 2022 and noted the pertinent information. There were no findings, recommendations,
102 deficiencies on internal control or instances of non-compliance; it was a clean audit.
103
104 SIXTH ORDER OF BUSINESS Consideration of Resolution 2023-09,
105 Hereby Accepting the Audited Financial
106 Report for the Fiscal Year Ended
107 September 30, 2022
108
109 Mr. Torres presented the Resolution 2023-09.
110
111 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
112 favor, Resolution 2023-09, Hereby Accepting the Audited Financial Report for
113 the Fiscal Year Ended September 30, 2022, was adopted.
114
115 SEVENTH ORDER OF BUSINESS Ratification of FMSbonds, Inc., Rule G-17
116 Disclosure
117
118 Mr. Torres presented the FMSbonds, Inc., Rule G-17 Disclosure letter.
RIDGE AT APOPKA CDD August 22, 2023
4
On MOTION by Mr. Craig Perry and seconded by Mr. 119 Dean Perry, with all in
120 favor, the FMSbonds, Inc., Rule G-17 Disclosure letter, was ratified.
121
122 EIGHTH ORDER OF BUSINESS Ratification of Jr. Davis Construction
123 Company, Inc., Change Order #05
124
125 Mr. Torres presented the Jr. Davis Construction Company, Inc., Change Order #05.
126
127 On MOTION by Mr. Craig Perry and seconded by Mr. Dean Perry, with all in
128 favor, the Jr. Davis Construction Company, Inc., Change Order #05, was ratified.
129
130 NINTH ORDER OF BUSINESS Ratification of Jr. Davis Construction
131 Company, Inc., Letter Agreement for Draw
132 10
133
134 Mr. Torres presented the Jr. Davis Construction Company, Inc., Letter Agreement for
135 Draw 10.
136
137 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
138 favor, the Jr. Davis Construction Company, Inc., Letter Agreement for Draw 10,
139 was ratified.
140
141 TENTH ORDER OF BUSINESS Discussion: District Management Services
142 Transition
143
144 Mr. Torres recommended approving Items 10A, B and C in substantial form as there may
145 be changes in the effective dates and other administrative verbiage in the resolutions.
146 A. Consideration of Resolution 2023-10, Appointing and Fixing the Compensation of the
147 District Manager; Appointing a Financial Disclosure Coordinator; Appointing a
148 Registered Assessment Consultant in Contemplation of the Issuance of Special
149 Assessment Bonds; Appointing a Designated Investment Representative to Administer
150 Investment Direction with Regard to District Funds; and Providing an Effective Date
151 Mr. Torres presented Resolution 2023-10.
152
153 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
154 favor, Resolution 2023-10, Appointing and Fixing the Compensation of the
155 District Manager; Appointing a Financial Disclosure Coordinator; Appointing a
156 Registered Assessment Consultant in Contemplation of the Issuance of Special
157 Assessment Bonds; Appointing a Designated Investment Representative to
158 Administer Investment Direction with Regard to District Funds; and Providing
159 an Effective Date, in substantial form, was adopted.
RIDGE AT APOPKA CDD August 22, 2023
5
B. Consideration of Resolution 2023-11, Providing for the Removal 160 and Appointment of
161 Officers of the District, And Providing for an Effective Date
162 Mr. Torres presented Resolution 2023-11.
163
164 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
165 favor, Resolution 2023-11, Providing for the Removal and Appointment of
166 Officers of the District, And Providing for an Effective Date, in substantial form,
167 was adopted.
168
169 Mr. Torres presented Resolution 2023-12.
170 C. Consideration of Resolution 2023-12, Directing Governmental Management Services –
171 Central Florida LLC, to Establish a Local Bank Account at Truist for the District and
172 Appoint Secretary, Treasurer and Assistant Treasurers as Signors on the Account and
173 Providing an Effective Date
174
175 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
176 favor, Resolution 2023-12, Directing Governmental Management Services –
177 Central Florida LLC, to Establish a Local Bank Account at Truist for the District
178 and Appoint Secretary, Treasurer and Assistant Treasurers as Signors on the
179 Account and Providing an Effective Date, in substantial form, was adopted.
180
181 ELEVENTH ORDER OF BUSINESS Acceptance of Unaudited Financial
182 Statements as of July 31, 2023
183
184 Mr. Torres presented the Unaudited Financial Statements as of July 31, 2023.
185
186 On MOTION by Mr. Craig Perry and seconded by Mr. Mitsumasu, with all in
187 favor, the Unaudited Financial Statements as of July 31, 2023, were accepted.
188
189 TWELFTH ORDER OF BUSINESS Approval of June 27, 2023 Regular Meeting
190 Minutes
191
192 Mr. Torres presented the June 27, 2023 Regular Meeting Minutes.
193
194 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
195 favor, the June 27, 2023 Regular Meeting Minutes, as presented, were
196 approved.
197
198 THIRTEENTH ORDER OF BUSINESS Staff Reports
199
200 A. District Counsel: Kutak Rock LLP
RIDGE AT APOPKA CDD August 22, 2023
6
Mr. Earlywine stated the bonds are due to close tomorrow, 201 with $20 to $30 in
202 construction funds available. Staff has uncovered a previously-approved construction
203 requisition for the Phase 1A and 1B improvements, which will be funded tomorrow. Additional
204 funds will become available when the homes close.
205
206 B. District Engineer: VHB
207 There was no report.
208
209 C. District Manager: Wrathell, Hunt and Associates, LLC
210 • NEXT MEETING DATE: September 26, 2023 at 2:30 PM
211 o QUORUM CHECK
212 The September 26th meeting was cancelled.
213
214 FOURTEENTH ORDER OF BUSINESS Board Members’ Comments/Requests
215
216 There were no Board Members’ comments or requests.
217
218 FIFTEENTH ORDER OF BUSINESS Public Comments
219
220 There were no public comments.
221
222 SIXTEENTH ORDER OF BUSINESS Adjournment
223
224 On MOTION by Mr. Dean Perry and seconded by Mr. Mitsumasu, with all in
225 favor, the meeting adjourned at 2:51 p.m.
226
227
228
229
230
231
232 [SIGNATURES APPEAR ON THE FOLLOWING PAGE]
RIDGE AT APOPKA CDD August 22, 2023
7
233
234
235
236
237 ________________________________ _________________________________
238 Secretary/Assistant Secretary Chair/Vice Chair
SECTION IV
RESOLUTION 2024-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIDGE AT
APOPKA COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR
THE APPOINTMENT OF AN ASSISTANT SECRETARY OF THE
DISTRICT; AND APPOINTMENT OF AN ASSISTANT TREASURER OF
THE DISTRICT; PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Ridge at Apopka Community Development District (hereinafter the
“District”) is a local unit of special-purpose government created and existing pursuant to Chapter
190, Florida Statutes, being situated within the City of Apopka, Orange County, Florida; and
WHEREAS, the Board of Supervisors of the District desires to appoint an Assistant
Secretary; and
WHEREAS, the Board of Supervisors of the District desires to appoint an Assistant
Treasurer.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE RIDGE AT APOPKA COMMUNITY
DEVELOPMENT DISTRICT:
SECTION 1. Rich Hans is appointed Assistant Secretary.
SECTION 2. Patti Powers is appointed Assistant Treasurer.
SECTION 3. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 24th day of October, 2023.
ATTEST: RIDGE AT APOPKA COMMUNITY
DEVELOPMENT DISTRICT
Secretary/Assistant Secretary Chairperson, Board of Supervisors
SECTION V
RESOLUTION 2024-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIDGE AT
APOPKA COMMUNITY DEVELOPMENT DISTRICT REDESIGNATING
A REGISTERED AGENT AND REGISTERED OFFICE
OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Ridge at Apopka Community Development District (the “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 Apopka, Orange County, Florida; and
WHEREAS, the District is statutorily required to designate a registered agent and a
registered office location for the purposes of accepting any process, notice, or demand required or
permitted by law to be served upon the District in accordance with Section 189.014(1), Florida
Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE RIDGE AT APOPKA COMMUNITY
DEVELOPMENT DISTRICT:
SECTION 1. George S. Flint is hereby designated as the Registered Agent for the Ridge
at Apopka Community Development District.
SECTION 2. The District’s Registered Office shall be located at 219 East Livingston
Street, Orlando, Florida 32801; (407) 841-5524.
SECTION 3. In accordance with Section 189.014, Florida Statutes, the District’s
Secretary is hereby directed to file certified copies of this Resolution with City of Apopka, Orange
County, and the Florida Department of Economic Opportunity.
SECTION 4. This Resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED this 24th day of October, 2023.
ATTEST: RIDGE AT APOPKA COMMUNITY
DEVELOPMENT DISTRICT
___________________________________
Secretary/Assistant Secretary Chairperson, Board of Supervisors
SECTION VI
951 Yamato Road ? Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ? (800) 299-4728
Fax (561) 994-5823
www.graucpa.com
October 4, 2023
Board of Supervisors
Ridge at Apopka Community Development District
219 East Livingston Street
Orlando, FL 32801
We are pleased to confirm our understanding of the services we are to provide Ridge at Apopka Community Development District,
Orange County, Florida (“the District”) for the fiscal year ended September 30, 2023, with an option for three (3) additional annual
renewals. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the
financial statements, which collectively comprise the basic financial statements of Ridge at Apopka Community Development District
as of and for the fiscal year ended September 30, 2023, with an option for three (3) additional annual renewals. In addition, we will
examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement
and establish the terms and fee for the 2023 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI),
such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information,
although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to
be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical
context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards
generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the
methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the
basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an
opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to
express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will
not be audited:
1) Management’s Discussion and Analysis
2) Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our
audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
1) Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material
respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information
referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in
accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained
in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting
records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report
upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be
expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter
paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for
any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an
opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance
with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the
financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters
will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and
compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on
compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in
considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other
purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms
of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S.
generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not
satisfy the relevant legal, regulatory, or contractual requirements.
Ridge at Apopka Community Development District Page 2
Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415
in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance
with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records
and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion
of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information
and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be
used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed.
Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If
our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason,
we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion
or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting
principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing
Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited
to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any
procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the
examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all
management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will
be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and
related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have
accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida
Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an
individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and
results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring
ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that
management and financial information is reliable and properly reported. Management is also responsible for implementing systems
designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the
selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all
accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws
and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and
completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware
that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for
the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain
audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written
representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining
to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about
all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal
control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing
us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from
employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the
government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps
to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations.
Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements,
performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility
includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits,
attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our
current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and
format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on
your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the
information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Ridge at Apopka Community Development District Page 3
Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore,
our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain
reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1)
errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are
attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination
of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform
a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though
the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing
Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations
that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered
by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests
of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence
with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your
attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require
certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations,
contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess
the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures.
Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting
errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts
and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less
in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report
on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However,
during the audit, we will communicate to management and those charged with governance internal control related matters that are
required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform
tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the
objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on
compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by
us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However,
subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in
a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S.
Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight
responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the
supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the
aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including
other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced
during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public
record request it receives that involves audit documentation.
Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but
not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is
the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates
shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records
Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time
period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt
or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration
of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the
District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession
or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such
public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or
confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District
in a format that is compatible with Microsoft Word or Adobe PDF formats.
Ridge at Apopka Community Development District Page 4
IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS
DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT:
C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO,
FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524.
This agreement provides for a contract period of one (1) year with the option of three (3) additional, one-year renewals upon the written
consent of both parties. Our fee for these services will not exceed $6,400 for the September 30, 2023 audit. The fees for the fiscal years
2024, 2025 and 2026 will not exceed $6,600, $6,800 and $7,000, respectively, unless there is a change in activity by the District which
results in additional audit work or if Bonds are issued.
We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor
General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide
information needed to perform the audit on a timely basis.
The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware
that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for
guidance prior to destroying the audit documentation.
Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted
in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be
suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to
terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination,
even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all outof-
pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the
assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will
discuss it with you and arrive at a new fee estimate.
The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination
to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or
services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have
against Grau & Associates.
We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer
review reports and letters of comment received during the period of the contract. Our 2023 peer review report accompanies this letter.
We appreciate the opportunity to be of service to Ridge at Apopka Community Development District and believe this letter accurately
summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the
agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have
any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed
copy and return it to us.
Very truly yours,
Grau & Associates
______________________________
Antonio J. Grau
RESPONSE:
This letter correctly sets forth the understanding of Ridge at Apopka Community Development District.
By:
Title:
Date:
Ridge at Apopka Community Development District Page 5
SECTION VII
10/9/23
10-11-2023

SECTION VIII
RIDGE AT APOPKA COMMUNITY DEVELOPMENT DISTRICT
SPECIAL ASSESSMENT BONDS, SERIES 2022
(Acquisition and Construction)
The undersigned, a Responsible Officer of the Ridge at Apopka Community Development
District (the “District”) hereby submits the following requisition for disbursement under and
pursuant to the terms of the Master Trust Indenture by and between the District and U.S. Bank
Trust Company, National Association, as trustee (the “Trustee”), dated as of May 1, 2022 as
supplemented by that certain First Supplemental Trust Indenture dated as of May 1, 2022
(collectively, the “Series 2022 Indenture”) (all capitalized terms used herein shall have the
meaning ascribed to such term in the Series 2022 Indenture):
(A) Requisition Number: 44
(B) Identify Acquisition Agreement, if applicable;
(C) Name of payee pursuant to Acquisition Agreement:
JR. DAVIS CONSTRUCTION CO., INC.
Please mail check to:
Jr Davis Construction Co., Inc.
200 Hangar Road
Kissimmee, FL 34741
(D) Amount Payable: $569,706.70
(E) Purpose for which paid or incurred (refer also to specific contract if amount is due
and payable pursuant to a contract involving progress payments): Partial
Payment against Draw #13. (Developer to pay balance of $476,706.64
directly)
(F) Fund or Account and subaccount, if any, from which disbursement to be made:
2022 Construction and Acquisition Fund
The undersigned hereby certifies that:
1. obligations in the stated amount set forth above have been incurred by the District,
2. each disbursement set forth above is a proper charge against the Costs of the Series
2022 Project; and
3. each disbursement set forth above was incurred in connection with the Costs of the
Series 2022 Project.
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.
Attached hereto or on file with the District are copies of the invoice(s) or applicable
contracts from the vendor of the property acquired or the services rendered, as well as applicable
conveyance instruments (e.g. deed(s), bill(s) of sale, easement(s), etc.) with respect to which
disbursement is hereby requested.
RIDGE AT APOPKA COMMUNITY
DEVELOPMENT DISTRICT
By:
Responsible Officer
Date:
CONSULTING ENGINEER’S APPROVAL FOR
NON-COST OF ISSUANCE
The undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost
of the Series 2022 Project and in Consulting Engineer’s professional opinion, based on
information, knowledge, and belief in accordance with the standard of care for similarly practicing
professionals performing similar services in the same or similar locality, is in general conformance
with: (i) the cost provisions of the applicable acquisition contract; (ii) the plans and specifications,
based on limited observation, for the portion of the Series 2022 Project with respect to which this
disbursement is being made and (iii) the report of the Consulting Engineer, as such report shall
have been amended or modified as of the date hereof. The Consulting Engineer further certifies
and agrees that for this requisition (a) the portion of the Series 2022 Project that is the subject of
this requisition is complete, and (b) the purchase price to be paid by the District for the portion of
the Series 2022 Project to be acquired with this disbursement is no more than the lesser of (i) the
fair market value of such improvements and (ii) the actual cost of such improvements.
Consulting Engineer
Date:
10/17/23
10-19-2023
9-22-2023








SECTION A
4858-4227-3879.1
RIDGE AT APOPKA COMMUNITY DEVELOPMENT DISTRICT
C/O Governmental Management Services - Central Florida, LLC
219 East Livingston Street
Orlando, Florida 32801
407-841-5524
October 9, 2023
Mr. Craig Perry
c/o Apopka Centerline Development, LLC
15481 SW 12th Street, Unit 309
Sunrise, Florida 33326
cperry@centerlineca.com
RE: Letter Agreement for Payment of Jr. Davis Construction Co., Inc. Draw #13
Dear Craig,
I am writing at the direction of the Chairperson of the Ridge at Apopka Community Development
District (“District”) and to request that Apopka Centerline Development, LLC (“Developer”) provide
payment directly to JR Davis Construction Co., Inc. in the amount of $475,706.64 (“Payment Amount”).
The District is making this request because the Payment Amount is presently owed to the Contractor as a
partial payment toward Draw #13 for the period ending August 31, 2023, and the District is presently
without available funds to timely make such payment in full. Upon proof of payment, and no later than
December 31, 2023, the District will re-pay the Payment Amount to the Developer as an “Advanced
Payment” pursuant to Section 2 of that certain Acquisition Agreement, dated May 26, 2022 and between
the District and the Developer. If you are in agreement with the terms of this letter, please sign below
and return a copy to my office. Thank you for your assistance with this transaction.
Best regards,
George Flint
District Manager
AGREED TO BY:
Apopka Centerline Development, LLC
BY: Centerline Capital Advisors, LLC
Authorized Member of Apopka Centerline Development, LLC
___________________________
Craig Perry
Manager of Centerline Capital Advisors, LLC
cc: Ernesto Mitsumasu, District Chairperson
Jere Earlywine, District Counsel
SECTION X
SECTION C
SECTION 1
Date check #'s Amount
9/1-9/30 10065-10066 $5,468.18
TOTAL $5,468.18
Ridge at Apopka
COMMUNITY DEVELOPMENT DISTRICT
Fiscal Year 2023 Check Register
AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 10/17/23 PAGE 1
*** CHECK DATES 09/01/2023 - 09/30/2023 *** RIDGE @ APOPKA - GENERAL FUND
BANK A RIDGE AT APOPKA GF
CHECK VEND# .....INVOICE..... ...EXPENSED TO... VENDOR NAME STATUS AMOUNT ....CHECK.....
DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS AMOUNT #
9/18/23 00006 9/15/23 19732 202309 300-15500-10000 * 5,200.00
INSURANCE FY2024
EGIS INSURANCE ADVISORS 5,200.00 010065
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/18/23 00008 8/04/23 7471167 202308 310-51300-48000 * 268.18
LEGAL NOTICE
ORLANDO SENTINEL 268.18 010066
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A 5,468.18
TOTAL FOR REGISTER 5,468.18
RAPK RIDGE AT APOPK PPOWERS
SECTION 2
Ridge at Apopka
Community Development District
Unaudited Financial Reporting
September 30, 2023
12345678
Month to Month
Long Term Debt Report
Table of Contents
Balance Sheet
General Fund
Debt Service Fund Series 2022
Capital Project Fund Series 2023
Debt Service Fund Series 2023
Capital Project Fund Series 2022
Page 3
General Debt Service Capital Project Totals
Fund Fund Fund Governmental Funds
CADDDauuusOsseeehpe fffe:rrrtsrooo:ammmti nCGDgoee Anvnesectrlcoraouplu Fcentruitonnd $ 2 38 ,, 05 17 44 -- $ - --- $ - --- $ 2 38 ,, 05 17 44 --
Investments:
SeISCCPRRrniirooeenetesvsnskepetes ri2 raonnte0vrygfus u2emItesc2estinuotannce ------- 18 157 2359 ,,,, 2447 8658 3104 --- 3 , 1 9 1 , 7 6 8 ------ 3 , 1 18 9 157 1 2359 ,,,,,7 2447 68658 83104 --
SeICCPRRrnirooeeetesvsnsepetes r2 raonte0vryfus u2emItesc3estinuotannce ---- 1 31 43 ,, 151 553 768 - 5 , 9 3 2 ----- 1 31 543 ,,, 915 1 3553 2768 --
PDreeppoasiidts Expenses 5 , 2 0 - -- -- 5 , 2 0 -
Total Assets $ 36,789 $ 1,198,830 $ 3,197,701 $ 4,433,320
Liabilities: LCRAUDDaoeuucnnctneeeaoda tttirurooonannwa LDnegtacnesdentb e PPRsdrta a eP oSAyyvaewadaeyrbbvnnvallauebieecnreleece $ 1 0 , 0 - 0 ----- $ 5 , 0 - 8 ----- $ 11 ,, 55 272 4439 ,,,, 29089 79168 23455 -- $ 11 ,, 55 27 12 49 309 ,,,,,39 008 9 071068 124055 -
Total Liabilites $ 10,000 $ 5,008 $ 3,133,129 $ 3,148,137
FRAUNuesonCCPDDssannraaeeitssgeppdrbpspnpiiito icttBege aSaastnndiaeeilldt d eldrPRfs aodIav reftnbroioesc:lcrmje eeee:r: c-s:v tSe -e FrSuieernsid es $$ 2 51 ,, 25 - 08 09 -- $$ 1 , 1 9 3 , 8 - 2 3 --- $$ 6 4 , 5 -- 7 1 --- $$ 1 , 1 9 26 3 514 ,,,,8 255 2078 3019 --
Total Fund Balances $ 26,789 $ 1,193,823 $ 64,571 $ 1,285,182
Total Liabilities & Fund Balance $ 36,789 $ 1,198,830 $ 3,197,701 $ 4,433,320
Ridge at Apopka
Community Development District
Combined Balance Sheet
September 30, 2023
Page 4
Community Development District
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023
Adopted Budget PTrhorrua t0e9d/ B3u0d/g2e3t ThruA 0c9tu/a3l0/23 Variance Revenues: SSDppeeevcceiilaaollp AAessrss eeCssossnmmtreeinnbttusst --i oTDnairxe Rctoll $ 1 0 , 7 9 -- $ 1 0 , 7 - 9 - $ 1 0 40 ,, 47 79 99 - $ 4 , 4 - 7 (09) Total Revenues $ 100,799 $ 100,799 $ 105,278 $ 4,479
Expenditures:
General & Administrative:
IILPPPETTBAAAAOODDMWnnerroontrrseniftuatfsefsiohsbugsulgooninuenesebtipacesirnreatusstraspetnlrenmri,smegdai a g na hAetLrmSeCeenaelaegtgieiodu y y unrA cctmee&F Mrnvi&pyee rnaAu oiee Ree n nrpaD tAGnetdpBrenie sgilsAome teipnniieTbtitennnl dsrstatFeeisie d eavmCteA&nncnerieihehgdgsin aarSsneneamlygnu rinorLscebgltiteonsaercgabstrytiiilpoitntyions $ 24 12555558 ,,,,,,,, 125555900000555 000001700000000 000005500000000 ----- $ 24 12555558 ,,,,,,,, 000001255555559 000000000000017 000000000000055 ----- $ 14 1244518 ,,,,,,, 0000111224569 30000001236677 70000001155579 ------ $ 1 11223 ( ,,,,, 033455581 ( 6300002368 (( 00700000003599 ------)))) Total General & Administrative $ 100,790 $ 100,790 $ 78,489 $ 22,301
Total Expenditures $ 100,790 $ 100,790 $ 78,489 $ 22,301
Excess (Deficiency) of Revenues over Expenditures $ 9 $ 9 $ 26,789 $ 26,780 Net Change in Fund Balance $ 9 $ 9 $ 26,789 $ 26,780
Fund Balance - Beginning $ - $ -
Fund Balance - Ending $ 9 $ 26,789
Ridge at Apopka
Page 5
Ridge at Apopka
Community Development District
Debt Service Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023
Adopted Budget PTrhorrua t0e9d/ B3u0d/g2e3t ThruA 0c9tu/a3l0/23 Variance Revenues: ISSGnppatieeenccr/iieaa(sllLt AAoInsssssscee)o ssomssnmme Ieennnvttesss --t mTDaierxne Rtcstoll $ 5 113 363 ,,, 002 068 134 - $ 5 113 363 ,,, 020 086 134 - $ 15 12243433,,,,035800271504 $ 1 12 803 ,,, 075 267 0020 Total Revenues $ 562,348 $ 562,348 $ 704,700 $ 142,352
Expenditures: IIPnnrttieenrrceeipsstta --l 15- /151//11 $ 133228225,,,011044044 $ 133228225,,,011044044 $ 133228225,,,011044044 $ 00 - Total Expenditures $ 829,288 $ 829,288 $ 829,288 $ 0
Excess (Deficiency) of Revenues over Expenditures $ (266,940) $ (266,940) $ (124,588) $ 142,352 Other Financing Sources/(Uses): Transfer In/(Out) $ - $ - $ - $ - Total Other Financing Sources/(Uses) $ - $ - $ - $ -
Net Change in Fund Balance $ (266,940) $ (266,940) $ (124,588) $ 142,352
Fund Balance - Beginning $ 1,170,558 $ 1,170,558 Fund Balance - Ending $ 903,618 $ 1,045,971
Page 6
Ridge at Apopka
Community Development District
Debt Service Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023
Adopted Budget PTrhorrua t0e9d/ B3u0d/g2e3t ThruA 0c9tu/a3l0/23 Variance Revenues: ISSnppteeeccriieaasllt AAInssssceeossmssmmeeennttss -- TDairxe Rctoll $ --- $ --- $ 1 8 0 -- $ 1 8 0 -- Total Revenues $ - $ - $ 180 $ 180
Expenditures: IIPnnrttieenrrceeipsstta --l 15- /151//11 $ --- $ --- $ --- $ --- Total Expenditures $ - $ - $ - $ -
Excess (Deficiency) of Revenues over Expenditures $ - $ - $ 180 $ 180 Other Financing Sources/(Uses): TBorannds Pferro Icne/e(dOsut) $ -- $ -- $ 1 4 7 , 6 7 2 - $ 1 4 7 , 6 7 2 - Total Other Financing Sources/(Uses) $ - $ - $ 147,672 $ 147,672
Net Change in Fund Balance $ - $ - $ 147,852 $ 147,852
Fund Balance - Beginning $ - $ - Fund Balance - Ending $ - $ 147,852
Page 7
Ridge at Apopka
Community Development District
Capital Projects Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023
Adopted Budget PTrhorrua 0te9d/ B3u0d/g2e3t Thru A0c9tu/a3l0/23 Variance Revenues IGDnaetievner/el(osLtp oIensrsc )Co omonne tIrnibvuestitomnesnts $ --- $ --- 48 19 ,, 59 29 16 - $ 48 19 ,, 59 29 16 - Total Revenues $ - $ - $ 131,517 $ 131,517
Expenditures: Improvements $ - $ - 9,111,701 $ (9,111,701)
Total Expenditures $ - $ - $ 9,111,701 $ (9,111,701)
Excess (Deficiency) of Revenues over Expenditures $ - $ - $ (8,980,184) $ (8,980,184)
Other Financing Sources/(Uses) Transfer In/(Out) $ - $ - $ - $ -
Total Other Financing Sources (Uses) $ - $ - $ - $ -
Net Change in Fund Balance $ - $ (8,980,184)
Fund Balance - Beginning $ - $ 9,038,823
Fund Balance - Ending $ - $ 58,639
Page 8
Ridge at Apopka
Community Development District
Capital Projects Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2023
Adopted Budget PTrhorrua t0e9d/ B3u0d/g2e3t ThruA 0c9tu/a3l0/23 Variance Revenues IDneteverelostp Ienrc Comonetributions $ -- $ -- $ 7 - $ 7 - Total Revenues $ - $ - $ 7 $ 7
Expenditures: ICmopstr oofv Iesmsueanntcse $ -- $ -- $ 2 , 191838,,031868 $$ ( 2 (,198138,,301886))
Total Expenditures $ - $ - $ 3,101,403 $ (3,101,403)
Excess (Deficiency) of Revenues over Expenditures $ - $ - $ (3,101,396) $ (3,101,396)
Other Financing Sources/(Uses) Bond Proceeds $ - $ - $ 3,107,328 $ 3,107,328
Total Other Financing Sources (Uses) $ - $ - $ 3,107,328 $ 3,107,328
Net Change in Fund Balance $ - $ 5,932
Fund Balance - Beginning $ - $ -
Fund Balance - Ending $ - $ 5,932
Page 9
Ridge at Apopka
Community Development District
Oct Nov Dec Jan Feb March April May June July Aug Sept Total Revenues: Special Assessments ISODnptetheevecerirela osIltnp AIcensorscm eCosemosnmetreinbtust --i oTDnairxe Rctoll $ 2 4 , 2 - 4 0 --- $ 3 9 , 4 - 5 --- $ 2 , 7 - 6 4 --- $ - ---- $ - ---- $ - ---- $ 3 7 , 12 - 05 03 -- $ - ---- $ - ---- $ - ---- $ - ---- $ 1 , 4 - 6 5 --- $ 1 0 40 ,, 47 - 79 99 -- Total Revenues $ 24,240 $ 39,455 $ 2,764 $ - $ - $ - $ 37,353 $ - $ - $ - $ - $ 1,465 $ 105,278
Expenditures:
General & Administrative: Supervisor Fees - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ PR-FICA - - - - - - - - - - - - - Engineering - - - - - - - - - - - - - Attorney - 108 - 37 1,882 984 3,337 2,632 2,443 - - - 11,421 Boundary Amendment 37 - - - - - - - - - - - 37 Annual Audit - - - - - 500 2,700 - - - - 1,000 4,200 Assessment Administration - - - - - - - - - - - - - Arbitrage Rebate - - - - - - - - - - - - - Dissemination Agent 83 83 83 83 83 83 83 83 83 83 83 83 1,000 Trustee Fees - - - - - - - 4,031 - - - - 4,031 Management Fees 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 48,000 Property Appraiser - - - - - - - - - - - - - Information Technology - - - - - - - - - - - - - Website Maintenance - - - - - 705 - 210 - - - - 915 Telephone 17 17 17 17 17 17 17 17 17 17 17 17 200 Postage & Delivery - 10 - - - - 10 22 16 40 8 71 177 Insurance General Liability 5,000 - - - - - - - - - - - 5,000 Printing & Binding 42 42 42 42 42 42 42 42 42 42 42 42 500 Legal Advertising 276 - - - - - - - - - 1,621 268 2,165 Other Current Charges - - - - - - - - - 669 - - 669 Office Supplies - - - - - - - - - - - - - Dues, Licenses & Subscriptions 175 - - - - - - - - - - - 175 Total General & Administrative 9,629 $ 4,259 $ 4,142 $ 4,178 $ 6,023 $ 6,330 $ 10,189 $ 11,036 $ 6,600 $ 4,850 $ 5,771 $ 5,481 $ 78,489 $
Total Expenditures 9,629 $ 4,259 $ 4,142 $ 4,178 $ 6,023 $ 6,330 $ 10,189 $ 11,036 $ 6,600 $ 4,850 $ 5,771 $ 5,481 $ 78,489 $
Excess (Deficiency) of Revenues over Expenditures 14,611 $ 35,196 $ (1,378) $ (4,178) $ (6,023) $ (6,330) $ 27,165 $ (11,036) $ (6,600) $ (4,850) $ (5,771) $ (4,016) $ 26,789 $ Net Change in Fund Balance 14,611 $ 35,196 $ (1,378) $ (4,178) $ (6,023) $ (6,330) $ 27,165 $ (11,036) $ (6,600) $ (4,850) $ (5,771) $ (4,016) $ 26,789 $
Month to Month
Page 10
Ridge at Apopka
Community Development District
Long Term Debt Report
ILBRRROMneoeeeratsnisssetgseeeudr:irrr enrsPvvvis aOreeettyi l Run FFF ADauuutcmsitannntpetaoddd:eanu :lBRDd nPaeeitanlqfayiugnnm iicrteeeionmnt e- n5t/1/23 M a x i m 5 u / m $41 1 ./A 7 22 n $5 ,0 889n%5377u-2555a5l,,,.044 5D0880e044%bt Service $12,935,00$00 Current Bonds Outstanding $12,935,000
ILBRRROMneoeeeratsnisssetgseeeudr:irrr enrsPvvvis aOreeettyi l Run FFF ADauuutcmsitannntpetaoddd:eanu :lBRDd nPaeeitanlqfayiugnnm iicrteeeionmnt e- n5t/1/23 5 0 % 4 . 7o 5 f5 M/ % 1 a $/- x 32 5i $ m,0 .11275u15153m3530,,, %055A055n066nual Debt Service $3,255,00$00 Current Bonds Outstanding $3,255,000
Series 2022 Sppecial Assessment Bonds
Series 20023, Special Assessment Bonds
Ridge at Apopka
Community Development District
Series 2022 Special Assessment Bonds
1. Recap of Capital Project Fund Activity Through September 30, 2023 Opening Balance in Construction Account SUDoissuebr oucfer F soeufmn Fdeusnn:tdss: : IISLCCPTTRAUDHWnnioromroooaenfttaoarttannrveed teamffddSetserrefenlieltifeswrwnsrocauicr,ssgt gpatvaaSntSiirieeo/yeptaoeidoegsnnGsrtnweu rin caTa,oC neyaLIlirno nrmdlaaF in Az&nneEpUtareds rarttWefsiosiribela/ocnviarutCnaee isptIeomdtnisneoe/ewn t&(innaO tIgtsureertrn)i gUcPaytatiilioidtni edsir by Dev $1$$$$$111249$$$,,,,,,215901569912444889003447889,,,,,,,,,022446678123444589$$$$$$922356667000000...............901346778000000123466799000000 Adjusted Balance in Construction Account at September 30, 2023 $3,268,384.71
2. Funds Available For Construction at September 30, 2023 CBooonkst Bruaclatinocne Fouf nCdosn astvrauilcatibolne aFut nSedp Steepmtbemerb 3e0r , 3200, 223023 $$33,,226688,,338844..7711 3. Investments - US Bank SCeopntsetmrubcetiro n3 0F,u 2n0d2:3 TOyvperenight Yie ld Du e Balance at$ 039,2M/63a80t,u3C/r28oin04tyt2.7r3a1cts Payable P$$r33in,,22c6i6p88a,,33l8844..7711
Ridge at Apopka Community Development GASB 34 Construction ScheduleAM DOisUtNriTct OF 11% 29% 14% 9% 9% 4% 1% 3% 1% 8%
REQ. # CONTRACTOR REQUISITION Retainage ImpSrtoorvmemweantetrs Roadways WastewWaatteerr U, Steilwitieers, Lift Station LaHnIadrrsrdicgsaacpateipo &en, Traffic Signalization ConservAarteioans Amenities Under UGrtioliutineds Professional Fees
FY 2022 Req#1 Apopka Centerline $571,333.85 $571,333.85 Req#2 Egis Insurance $5,135.70 $5,135.70 Req#3 KE Law Group $0.00 $0.00 Req#4 Tierra Inc Engineer $1,485.00 $1,485.00 Req#5 Ferguson PVC pipes $1,064,004.00 $1,064,004.00 Req#6 JR Davis draw 1 $316,789.09 ($16,673.11) $197,815.84 $118,973.25 Req#7 JR Davis draw 2 $250,664.25 ($13,192.84) $170,925.99 $79,738.25 Req#8 JR Davis draw 3 $606,039.96 ($31,896.85) $432,002.37 $107,573.77 $66,463.82 Req#9 Ferguson $465,431.00 $465,431.00 Req#10 Ferguson $314,658.54 $314,658.54 Req#11 Tierra Inc Engineer $3,806.00 $3,806.00 Req#12 Rinker Matrials $121,221.98 $121,221.98 Req#13 JR Davis (Req#12) draw 4 $965,964.45 ($50,840.25) $730,782.47 $235,182.00 Req#14 JR Davis draw 5 $351,216.31 ($18,485.06) $166,854.68 $127,542.13 $56,819.50 Req#15 Rinker Materials $16,892.00 $16,892.00 Req#16 Rinker Materials $117,179.45 $117,179.45 Req#17 Tierra Inc Engineer $4,651.00 $4,651.00 Req#18 JR Davis draw 6 $774,293.26 Paid dir by Dev ($40,752.29) $508,477.05 $265,816.22 Req#19 Ferguson $18,628.10 $18,628.10 Req#20 Rinker Materials $71,217.20 $71,217.20 Req#21 Mack Concrete $48,086.00 $48,086.00 Req#22 Tierra Inc Engineer $3,952.00 $3,952.00 Req#23 JR Davis draw 7 $289,709.93 ($15,247.89) $165,168.70 $124,541.23 Req#24 Mack Concrete $5,506.00 $5,506.00 Req#25 XYLEM Water $15,881.00 $15,881.00 Req#26 JR Davis draw 8 $299,065.26 ($15,740.29) $142,091.20 $156,974.06 Req#27 Tierra Inc Engineer $2,481.00 $2,481.00 Req#28 XYLEM Water $147,058.00 $147,058.00 Req#29 JR Davis draw 9 $496,540.82 ($26,133.74) $9,757.68 $125,138.42 $361,644.72 Req#30 Rinker Materials $175,711.00 $175,711.00 Req#31 Tierra Inc Engineer $8,178.00 $8,178.00 Req#32 Rinker Materials $6,969.00 $6,969.00 Req#33 Mack Concrete $23,600.00 $23,600.00 Req#34 Apopka Centerline $0.00 Req#35 JR Davis draw 10 $545,165.49 ($68,166.62) $665,085.53 $223,753.47 $406,326.48 Developer contribution $750,000.00 See Req 35 Req#36 Tierra Inc Engineer $6,408.00 $6,408.00 Req#37 Tierra Inc Engineer $1,814.00 $1,814.00 Req#38 XYLEM Water $1,496.00 $1,496.00 Req#39 JR Davis draw 11 $433,698.81 ($22,826.26) $153,702.15 $66,589.60 $97,772.06 $115,635.00 Req#40 Vanessa Hangen Bustin $85,110.00 $85,110.00 Req#41 JR Davis draw 12 $286,139.22 ($15,059.96) $185,279.72 $53,140.99 $47,718.52 Req#42 Vanessa Hangen Bustin $10,470.75 $10,470.75 Req#43 Tierra Inc Engineer $6,004.00 $6,004.00
TOTAL $9,689,655.42 $0.00 ($335,015.16) $2,147,842.79 $1,914,442.03 $4,088,437.19 $0.00 $598,286.77 $0.00 $0.00 $0.00 $0.00 $940,646.64
SUMMARY: INT REC'D Gain/(Loss) on Investment Developer Contribution Oct-22 $4,435.41 Sep-22 $12,209.84 Oct-22 $0.00 BOND PROCEEDS $11,290,019.91 Nov-22 $4,287.44 Oct-22 $2,354.78 Nov-22 $0.00 DEVELOPER FUNDING $1,524,293.36 Dec-22 $3,037.83 Nov-22 $3,253.22 Dec-22 $0.00 INTERFUND TRANSFERS $0.00 Jan-23 $6,911.60 Dec-22 $0.29 Jan-23 $0.00 INT REC'D TO DATE $143,726.86 Feb-23 $7,807.00 Jan-23 $9,235.07 Feb-23 $0.00 LESS: REQ. PAID ($9,689,655.42) Mar-23 $1,165.73 Feb-23 $6,221.14 Mar-23 $774,293.36 Total $3,268,384.71 Apr-23 $390.61 Mar-23 $7,385.37 Apr-23 $0.00 May-23 $4,023.20 Apr-23 $0.00 May-23 $0.00 Jun-23 $4,181.39 May-23 $18,174.98 Jun-23 $0.00 Jul-23 $4,807.82 Jun-23 $10,750.59 Jul-23 $750,000.00 RECONCILIATION Aug-23 $6,831.11 Jul-23 $11,714.40 Aug-23 $0.00 Sep-23 $1,716.74 Aug-23 $12,831.30 Sep-23 $0.00 TRUST STATEMENT $3,268,384.71 Sep-23 $0.00 RETAINAGE $0.00 $49,595.88 $94,130.98 $1,524,293.36 GAIN/(LOSS) $0.00 ADJ BALANCE $3,268,384.71 VARIANCE ($0.00)
SECTION 3
BOARD OF SUPERVISORS MEETING DATES
RIDGE AT APOPKA COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2024
The Board of Supervisors of the Ridge at Apopka Community Development District will
hold their regular meetings for Fiscal Year 2024 at 3:00 PM, at the GMS-CF, LLC, 219 E.
Livingston Street, Orlando, FL 32801, on the fourth Tuesday of the month, unless
otherwise indicated, as follows:
October 24, 2023
November 28, 2023
December 26, 2023
January 23, 2024
February 27, 2024
March 26, 2024
April 23, 2024
May 28, 2024
June 25, 2024
July 23, 2024
August 27, 2024
September 24, 2024
The meetings are open to the public and will be conducted in accordance with the provision
of Florida Law for Community Development Districts. The meetings may be continued to a
date, time, and place to be specified on the record at the meeting. A copy of the agenda for
these meetings may be obtained from the District Manager, Governmental Management
Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, FL 32801; by calling (407)
841-5524, during normal business hours, or via the District’s website at
https://ridgeatapopkacdd.net.
There may be occasions when one or more Supervisors or staff will participate by speaker
telephone. Pursuant to provisions of the Americans with Disabilities Act, any person
requiring special accommodations at this meeting because of a disability or physical
impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the
meeting. 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 Office.
A person who decides to appeal any decision made at the meeting with respect to any
matter considered at the meeting is advised that 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 such appeal is
to be based.
George S. Flint
District Manager
Governmental Management Services – Central Florida, LLC