Golden Lakes Community Development District REGULAR ... · 07/01/2020 · Golden Lakes Community...
Transcript of Golden Lakes Community Development District REGULAR ... · 07/01/2020 · Golden Lakes Community...
Golden Lakes
Community Development
District
REGULAR MEETING
JANUARY 7, 2020
Agenda Page 1
Golden Lakes
Community Development District
Inframark, Infrastructure Management Services 210 N. University Dr., Suite 702 ~ Coral Springs ~ Florida 33071~ Telephone (954) 603.0033 ~Fax (954) 345-1292
December 27, 2019
Board of Supervisors
Golden Lakes Community
Development District
Dear Board Members:
A regular meeting of the Board of Supervisors of the Golden Lakes Community Development District will be held on
Tuesday January 7, 2020 at 6:00 p.m. at the Club at Eaglebrooke, 1300 Eaglebrooke Boulevard, Lakeland, Florida. The
following is the advance agenda for the meeting:
1. Roll Call
2. Audience Comments on Agenda
3. Approval of the Minutes
A. Minutes of Meeting, November 5, 2019
4. Attorney’s Report
A. Loan Update
5. Engineer’s Report
A. Discussion of Proposed Stormwater Improvement
Contract
6. Property Manager’s Report
7. District Manager’s Report
A. Approval of the Financial Report, November 2019
8. Eaglebrooke Manager’s Report
A. Clubhouse and Golf Club Update
9. Old Business
10. New Business and Supervisors’ Requests
11. AdjournmentI look forward to seeing you at the meeting and in the meantime if you have any questions, please contact me.
Sincerely,
Kristen Suit
Kristen Suit
District Manager
cc: Scott D. Clark JoAnna Likar Steven C. Shealey Ron Wonderling Ryan Robert
Agenda Page 2
Third Order of Business
Agenda Page 3
3A.
Agenda Page 4
MINUTES OF MEETING 1
GOLDEN LAKES 2
COMMUNITY DEVELOPMENT DISTRICT 3
4
A regular meeting of the Board of Supervisors of the Golden Lakes Community 5
Development District was held on Tuesday November 5, 2019 at 6:00 p.m. at the Club at 6
Eaglebrooke, 1300 Eaglebrooke Boulevard, Lakeland, Florida. 7
8
Present and constituting a quorum were: 9
10
Larry Knapp Chairman 11
Anthony Stevens Vice-Chairman 12
Richard Howe Assistant Secretary 13
Alan Lukhaub Assistant Secretary 14
Lithea Beck Assistant Secretary 15
16
Also present were: 17
18
Kristen Suit District Manager 19
Bob Koncar (by phone) District Manager 20
Scott Clark District Counsel 21
Steven Shealey District Engineer 22
Jo Ann Likar Property Manager 23
Ryan Roberts General Manager – Eaglebrooke 24
Alan Baldwin Accounting Manager, Inframark 25
Elizabeth Moore (by phone) Assessment Manager, Inframark 26
Shawn Harrison (by phone) Billy Casper Golf 27
28
The following is a summary of the minutes and actions taken at the November 5, 2019 29
Golden Lakes CDD Board of Supervisors regular meeting. 30
31
FIRST ORDER OF BUSINESS Roll Call 32
• Mr. Knapp called the meeting to order. All Supervisors were present, and a quorum was 33
established. 34
35
SECOND ORDER OF BUSINESS Audience Comments on the agenda 36
• There being none, the next agenda item followed. 37
38
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November 5, 2019 Golden Lakes C.D.D.
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SIXTH ORDER OF BUSINESS District Manager’s Report 39
E. Acceptance of Donald Adams Resignation from Seat 4 40
• Ms. Suit requested a motion for the Board to accept the resignation of Mr. Adams. 41
42
ON MOTION by Mr. Howe and seconded by Mr. Lukhaub, with all 43
in favor, the resignation of Donald Adams from Seat 4 was 44
accepted. 4-0 45
46
• Ms. Suit indicated the Board can choose to appoint someone to the vacant seat or post 47
the vacancy on the website. 48
• Mr. Knapp asked they fill the post so that they can continue with five Supervisors. 49
• There are three excellent candidates and the Board felt they can go ahead and appoint 50
one of the three candidates to the Board. 51
• Mr. Howe expressed his opinion about Lithea Beck as a candidate for this seat based 52
upon what she has accomplished in a short period of time on the HOA. 53
• Mr. Stevens agreed with Mr. Howe that this seat has one year to extend, and it will be 54
up for election November 2020 along with Mr. Howe’s seat making it two seats up for 55
election next year. 56
• Mr. Lukhaub concurred with what the other two Board members stated. 57
58
ON MOTION by Mr. Howe and seconded by Mr. Stevens, with all 59
in favor, appointing Ms. Lithea Beck to fill the vacant seat #4 was 60
approved. 4-0 61
62
• Ms. Suit being a Notary Public of the State of Florida administered the Oath of Office to 63
Ms. Beck. 64
65
THIRD ORDER OF BUSINESS Approval of the Minutes 66
A. Minutes of Meeting, August 6, 2019 67
• Mr. Knapp asked if there were any corrections, deletions or changes to the minutes. 68
Corrections were made and will be part of the final record. 69
70
Agenda Page 6
November 5, 2019 Golden Lakes C.D.D.
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ON MOTION by Mr. Lukhaub and seconded by Mr. Howe, with all 71
in favor, the minutes of the August 6, 2019 meeting were 72
approved as amended. 5-0 73
74
FOURTH ORDER OF BUSINESS Attorney’s Report 75
A. Update on Proposed Loan Transaction 76
i. Center State Commitment Letter 77
• Mr. Clark stated CenterState presented with a commitment for $3,000,000 proposed 78
funding which is contained within the agenda and being presented for Board 79
consideration. 80
• Mr. Clark noted if the Board wishes to go forward with this, there should be an 81
additional meeting on November 25, 2019. At this meeting, they will look at the 82
Assessment Methodology that has been proposed, look at the two different loan 83
documents and then they will be in the position to close the transaction immediately 84
after that meeting if the Board is ready to move forward. If the Board signs and pre-85
closes immediately after that, the funding would occur the following day. 86
• Mr. Clark has contacted the Districts’ Bond Counsel, Nabors Giblon, who has provided a 87
Bond Counsel proposal for $30,000. 88
• The Board members had questions which Mr. Clark responded to. 89
90
ON MOTION by Mr. Stevens seconded by Mr. Lukhaub with all in 91
favor, authorization for the Chairman, Mr. Knapp, to sign the 92
Commitment Letter from Center State dated October 25, 2019 93
was approved. 5-0 94
95
Discussion ensued regarding Bond Counsel. 96
97
ON MOTION by Mr. Howe seconded by Mr. Lukhaub with all in 98
favor, the Bond Counsel agreement was approved. 5-0 99
100
B. Consideration of Resolution 2020-01, Setting a Public Hearing 101
• Mr. Stevens explained that this public hearing process was originally set by resolution to 102
occur on October 8. Due to some requirements from the bank regarding the audit, we 103
Agenda Page 7
November 5, 2019 Golden Lakes C.D.D.
unapproved 4
were unable to move forward on that schedule. Therefore, they are now amending the 104
prior resolution 2019-08 to include moving the scheduled public hearing from October 8 105
to November 25, 2019. 106
107
ON MOTION by Mr. Stevens seconded by Mr. Lukhaub with all in 108
favor, amending resolution 2019-08 to include re-scheduling the 109
public hearing to November 25, 2019 as indicated in resolution 110
2020-01 was adopted. 5-0 111
112
A. (continued) 113
ii. Assessment Methodology Report 114
• Ms. Suit noted that Ms. Moore and Mr. Koncar are on the phone and are prepared 115
to discuss the Preliminary Assessment Methodology and the summary of the 116
assessment rates which are displayed on the screen. 117
• Ms. Moore noted she prepared a chart to illustrate the breakout of the General 118
Fund Assessment and 2019 loan and to address some of the concerns residents 119
have. 120
• A lengthy discussion ensued on this matter. 121
• Ms. Moore will draft a letter to the residents regarding assessments to include the 122
Excel spreadsheet which was provided at the November 5 meeting, submit to the 123
Supervisors for review and Supervisors will submit comments to Mr. Clark prior to 124
the letter being mailed to residents. 125
126
FIFTH ORDER OF BUSINESS Engineer’s Report 127
• Mr. Shealey discussed a few updates and ongoing activities related to the report 128
presented several weeks ago. 129
• Mr. Shealey heard back from FEMA regarding the grant to eliminate Pond A1. 130
o There are three groups which have to approve the FEMA grant; a project review 131
group, funding group and an environmental group. 132
o Hoping to have an answer tomorrow. 133
o The budget for this is about $49,000. 134
Agenda Page 8
November 5, 2019 Golden Lakes C.D.D.
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o If approved, FEMA would pay 75% of the engineering cost and the District would 135
cover the remaining 25%. 136
• Pot holes will be repaired on Friday; one on Osprey Landing Drive and another at the 137
intersection of Eagle Ridge Way and Eagle Ridge Blvd. 138
• Mr. Shealey and Mr. Clark will draft a letter to be sent to the eight homeowners 139
regarding the 15-foot drainage easement they have in their back yard. 140
• Mr. Shealey will continue to watch the new depression that is starting to form on 141
Reflections Lake Loop and will fill the depression on Osprey Landing Drive with more dirt 142
and soil, back fill it and compact it. 143
• He will also begin looking at the storm water work; putting together a list of projects 144
and working with Mr. Clark on preparing contract documents to bid this out. 145
• He stated that for one month they had two contractors maintaining the wet pond in 146
Eaglebooke North. Based on this error, Ms. Suit will now send notices of completed 147
work to Mr. Shealey so he can verify the work has been done. 148
A. Traffic Calming Update 149
• Mr. Shealey updated the Board on his research relating to traffic counts and the 150
installation of speed bumps. 151
• Mr. Clark will pull some speed bump models for the Board to study and discuss at a later 152
date. 153
• Mr. Shealey will ask AAA while they are out on Friday, to fix the pot hole on the 154
Boulevard as you are exiting toward the guard house. Cost not to exceed $2,000. 155
156
SIXTH ORDER OF BUSINESS (continued) District Manager’s Report 157
A. Approval of the Financial Report, September 30, 2019 158
• Ms. Suit presented the financial report to the Board. 159
160
Mr. Stevens moved, seconded by Mr. Howe to approve the 161
financial report for September 2019. 162
163
• Further discussion ensued on this matter. 164
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November 5, 2019 Golden Lakes C.D.D.
unapproved 6
165
On Voice Vote, with all in favor, the prior motion was approved. 166
B. Motion to Assign Fund Balance as of September 30, 2019 167
• Mr. Alan Baldwin, Accounting Manager, Inframark stated the purpose of assigning 168
reserves on the balance sheet. 169
There being no further comments or questions, 170
171
ON MOTION by Mr. Howe seconded by Mr. Lukhaub with all in 172
favor, to assign fund balance as of September 30, 2019 as 173
presented was approved. 5-0 174
175
C. Acceptance of the FY2018 Financial Audit Report 176
• Ms. Suit noted that Mr. Baldwin provided the Board with a memorandum on Billy 177
Casper Golf and Inframark regarding the findings in the audit. 178
• Mr. Harrison discussed the golf side, stating they reviewed the findings from Ground 179
Associates and implemented several new controls primarily relating to the cash 180
disbursement process. 181
• Further discussion ensued on this issue. 182
• Mr. Baldwin discussed the Inframark side, stating there are two journal entries that have 183
changed for the new audit season coming up; one relating to the reconciliations to the 184
balance sheets and the other is whatever was paid out of the General Fund is now re-185
classed to the Enterprise fund on the golf side. 186
• Mr. Baldwin also noted, the vendors have been asked to send separate invoices; one for 187
general matters and one for golf so expenses can be paid and properly associate those 188
expenses. 189
There being no further questions, 190
191
ON MOTION by Mr. Lukhaub seconded by Mr. Stevens with all in 192
favor, FY2018 Financial Audit Report was accepted. 5-0 193
194
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November 5, 2019 Golden Lakes C.D.D.
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D. Acceptance of FY2019 Financial Audit Engagement Letter 195
• Discussion ensued and it was decided that the fees are not to exceed $15,000 for the 196
September 2019 Audit. 197
198
ON MOTION by Mr. Stevens seconded by Mr. Howe with all in 199
favor, FY2019 Financial Audit Engagement Letter was accepted. 200
5-0 201
202
SEVENTH ORDER OF BUSINESS Eaglebrooke Manager’s Report 203
A. Clubhouse and Golf Club Update 204
• Mr. Roberts shared a PowerPoint presentation with the Board highlighting the 205
following: 206
o Upgraded the jockey pump and computer at the pump station. 207
o Removed majority of dead trees and stumps throughout the golf course. 208
o Sealed windows along the north side of the building. 209
o Attended bridal show at the RP Funding Center and collected 13 qualified leads. 210
o Created new events for the holiday season; pumpkin carving contest, Christmas 211
karaoke, bringing back breakfast with Santa as well as cookie creation day with 212
the Chef. 213
o New projects being done around the facility include new concrete pad coming 214
down from the 18th fairway and getting quotes to get some new banquet 215
supplies and upgrade some equipment. 216
• Mr. Roberts discussed the year over year comparison. 217
• He also shared the following highlights from the past year: 218
o Completed roughly $38,000 in capital improvement. 219
o Water ice station improvement in front of pro shop. 220
o Replaced air conditioning unit above the trophy room. 221
o Improvements made to the pump station which pressurizes the irrigation system 222
throughout the community. 223
o Completed a debunker project and made significant repairs to drainage on the 224
driving ranges. 225
Agenda Page 11
November 5, 2019 Golden Lakes C.D.D.
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o Revenues up across the board. 226
• Further discussion ensued on this matter. 227
• Questions were asked and responses given. 228
229
EIGHTH ORDER OF BUSINESS Property Manager’s Report 230
• Ms. Likar noted she received a complaint from a homeowner who lives on Eagleview 231
Loop regarding debris from the construction going in the pond area. Ms. Likar will go 232
back to the contractor to make them responsible and also establish a monthly fee of not 233
to exceed for a maintenance person to include this area along with the maintenance of 234
the common areas. 235
• Ms. Likar noted that an Eaglebrooke member has offered to replace the roof at the 236
guard house free of charge in return he would have some advertising sign out there 237
saying this roof was installed by. The Board discussed this proposal and felt it was in 238
their best interest to decline the offer. 239
• Ms. Likar comparatively discussed the three quotes received for painting the street 240
lights; one from Express Signs, one from Mike’s Painting and one from Deal Electric. 241
After discussion, it was decided to go with Deal Electric. The proposal includes: 242
o Paint 26 lights; sand down each pole, tape to the glass, pressure wash the pole, 243
lift and completely paint the bases and paint the numbers on each pole. 244
▪ Color is Black, Sher Kem paint. Black should last about four to five years 245
and then begin to fade. 246
o Lift included in the cost. 247
o Install the flag poles. 248
o Work can start next week. 249
250
ON MOTION by Mr. Lukhaub seconded by Mr. Howe with all in 251
favor, Deal Electric proposal for repainting 26 light poles in the 252
amount of $8,320 was approved. 5-0 253
254
• Discussion ensued regarding the flags and flag poles. 255
• 256
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November 5, 2019 Golden Lakes C.D.D.
unapproved 9
A. Consideration of the Removal of the Fountains 257
• A lengthy discussion ensued about the maintenance fees and esthetics regarding the 258
front of the community. 259
• Ms. Likar reviewed the rendering and the quote, included in the packet, for landscaping 260
the entrance. 261
• Ms. Likar will contact each Board member to arrange a time to go through and look at 262
the landscaping along the Boulevard. 263
• Ms. Likar reviewed the rendering, included in the agenda packet, for a monument sign 264
to replace the Eaglebrooke sign. 265
• Discussion ensued and the Board suggested Ms. Likar get one whole proposal to have 266
everything done; the monument sign, landscaping and fountain work at entrance, 267
landscaping along the Boulevard and all common areas. 268
• Ms. Likar will find out the fees for the landscape architects. 269
• When seeking the landscaping designs, request low maintenance, clean and simple and 270
less is more. 271
• Ms. Likar stated, after speaking with Mr. Roberts, they decided not to rebid the contract 272
for the common areas. Ms. Likar has gone back to FloraLawn to get a quote. The new 273
contract will include an agreement where they contact Ms. Likar after each job. She will 274
do a ride-through with the Superintendent to ensure it meets the District standards 275
before leaving the job. In addition, the new contract will include annuals. Cost of the 276
contract is $7,672. The Board would like to move forward with this. 277
• Ms. Likar was asked to also include in the contract, as part of the common area, a small 278
area, east side Eagleridge Way, north of Eagleridge Loop where the CDD owns that 40-279
foot strip at the back of the homes, right around the structure. 280
• Ms. Likar noted that Mike’s Painting has offered to do the painting of the crosswalks at 281
the Eagleridge Loop at a cost of $550 for each crosswalk. Ms. Likar noted there are two 282
cross walks to do. The Board asked that she just do it. 283
• Mr. Knapp stated during the course of the meeting communication was received from 284
Bond Counsel which needs to be addressed. Bank representatives asked that we 285
Agenda Page 13
November 5, 2019 Golden Lakes C.D.D.
unapproved 10
engage a Financial Advisor. Proceeds to be paid out of the loan not to exceed $10,000. 286
Authorize district staff to engage this person. 287
288
ON MOTION by Mr. Stevens seconded by Mr. Lukhaub with all in 289
favor, authorizing District staff to engage with a Financial Advisor 290
in the amount not to exceed $10,000 was approved. 5-0 291
292
NINTH ORDER OF BUSINESS Old Business 293
• Items not discussed at this meeting. 294
295
TENTH ORDER OF BUSINESS New Business and Supervisors’ Requests 296
• Mr. Knapp stated at the last meeting they decided to install no parking signs in the 297
common areas, towing away, but neglected to work on a procedure. The Board asked 298
Ms. Likar to send out letter to residents in that area stating this area is now a tow away 299
zone and vehicles parked in this area are subject to being towed. The Board will work 300
on the procedure. 301
302
ELEVENTH ORDER OF BUSINESS Adjournment 303
• There being no further business, 304
ON MOTION by Mr. Stevens seconded by Mr. Lukhaub with all in 305
favor, the meeting was adjourned. 5-0 306
307
308
309
310
_______________________ ______________________________ 311
Secretary Larry Knapp, Chairman 312
Agenda Page 14
Fifth Order of Business
Agenda Page 15
401 Third Street SW
Winter Haven, FL 33880
T: 863-324-1112
F: 863-294-6185
www.pennoni.com
MEMORANDUM
To: Golden Lakes Community Development District Board of Supervisors
From: Steven C. Shealey, PE, District Engineer
Re: January 2020 Engineer’s Report
Date: December 26, 2019
Gentlemen,
The following is an update on ongoing activities and issues related to the District since your last meeting.
1. Pond A1 Permanent Repairs
a. FEMA Grant Update – We have been advised that the Pond A1 repair grant request was
forwarded by the State to FEMA with a recommendation of approval. We followed up with
the State on December 19th but have not yet received a response.
b. On December 3, 2019 I attended the monthly County “Local Mitigation Strategy Working
Group” meeting. Attendance at this monthly meeting is now required to qualify for future
FEMA Hazard Mitigation Grants. The key point from this meeting is that normal repair and
maintenance work performed by the CDD should be reported as ongoing flooding mitigation
efforts and will help to add points to any future Hazard Mitigation Grant Application.
2. Ongoing Work – The status of the ongoing work items shown on the attached map are discussed as
follows:
a. AAA has completed the repair work on the North wet pond outfalls and the entire stormwater
system has been recertified with SWFWMD through December 2024.
b. Since the last meeting we have performed a field inspection of the drainage easement behind
the homes on the East side of Eagle Ridge Way (B) and forwarded our findings to the CDD’s
Attorney. Our report to the Attorney is attached.
c. During my site visit last month with the representative from AAA we noticed a new pothole
forming at the intersection of Eagle Ridge Way and Eagle Ridge Boulevard (C). We have asked
AAA to include this repair as a part of their next group of pavement repairs.
d. The small round pothole (D) on Osprey Landing Drive was overlooked when AAA came out to
perform the other repair on osprey Landing Drive several months ago. It has since been
repaired.
e. We have received additional complaints about a depression behind a stormwater structure
at 421 Osprey Landing Drive (E). We investigated this matter again yesterday and see no sign
that there is any issue with this structure or pipe. Both the structure and pipe were lined less
Agenda Page 16
GLCDD19001 December 26, 2019 Page 2
Board of Supervisors January 2020 Engineers Report
than two years ago. AAA has agreed to bring in some soils to fill in the 6” depression behind
the structure when they come out to perform the other repairs described above.
3. Pavement Reconstruction – As we discussed at the last meeting, we recommend holding off on
starting the resurfacing effort until we complete the worst of the needed drainage repairs.
4. Stormwater Improvements – At the January meeting we will discuss the proposed stormwater
improvements contract and request Board approval to issue it for bid.
5. 7445 Reflections Lake Drive Drainage Complaint – On December 16th JoAnna received a complaint
from the Homeowner at 7445 Reflection Lake Drive (F) that their back yard was soggy and that they
thought there was an issue with the stormwater drainage system. After looking at the storm system
and golf course irrigation system maps, I asked JoAnna to check with Juan to verify that they didn’t
have an irrigation system leak in this area. Juan has dome so and reported that there is no issue with
their irrigation system. I then performed a site visit and have determined that the issue is most likely
a natural groundwater seepage issue combined with poorly drained soils. The wet area is significantly
higher in elevation that the storm inlet at the NW corner of their lot and is well within their yard. We
have no CDD owned drainage systems in that area.
6. During the same site visit as item 5 above we noticed a pothole forming at 6789 Eagle Ridge Blvd
adjacent to the cart crossing (G). We will add this item to the next batch of pavement repairs.
U:\Accounts\GLCDD\GLCDD19001 - 2019 2020 Continuing Services\COMMUNICATION\January 2020 Engineers Report.docx
Agenda Page 17
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Agenda Page 18
Parcel Info
Parcel ID: 242919286039000250
Owner1: ANDERSON LESLIE IRA
Owner2:ANDERSON ALISA GRIMES
Address:6546 EAGLE RIDGE WAY, LAKELAND, 33813-
City/St/Zip: LAKELAND, FL 33813-
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 25
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.69
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
05/15/2008 undefined $158,900
06/14/2006 undefined $498,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $647,635
Extra Feature Value $16,000
Land Value (Market) $78,000
Just Market Value $741,635
Assessed Value $665,103
Exempt Value $50,000
Taxable Value $615,103
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement along rear lot line for swale,inlets and piping. Shrubs across swale at north end of lot needto be removed. Fence will need to be removed to maintainswale. Swale has been regraded but in ok condition.
Agenda Page 19
Parcel Info
Parcel ID: 242919286039000260
Owner1: ROBINS JULIAN
Owner2: ROBINS SAVITA
Address:6542 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 26
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
04/28/2006 undefined $125,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $462,159
Extra Feature Value $0
Land Value (Market) $78,000
Just Market Value $540,159
Assessed Value $428,195
Exempt Value $50,000
Taxable Value $378,195
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easementalong rear lot line for swale. Noobstructions and swale in goodshape.
Agenda Page 20
Parcel Info
Parcel ID: 242919286039000270
Owner1: ESTEP ROBERT J
Owner2: ESTEP REBECCA J
Address:6538 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 27
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
06/17/2017 undefined $100
10/15/2015 undefined $430,000
01/19/2006 undefined $139,900
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of 12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $285,797
Extra Feature Value $16,080
Land Value (Market) $78,000
Just Market Value $379,877
Assessed Value $373,767
Exempt Value $50,000
Taxable Value $323,767
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement along rear lot line for swale. Easement heavilyvegetated. Swale unrecognizable. Easement should be cleared of allvegetation and the swale should be restored.
Agenda Page 21
Parcel Info
Parcel ID: 242919286039000280
Owner1: JUSTICE REBECCA
Address:6534 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 28
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
03/29/2019 undefined $640,000
07/28/2006 undefined $140,000
07/28/2006 undefined $83,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of 12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $299,741
Extra Feature Value $18,700
Land Value (Market) $78,000
Just Market Value $396,441
Assessed Value $376,502
Exempt Value $50,000
Taxable Value $326,502
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement across rearlot line. Fence across easement will need tobe removed to maintain the swale. Fire pit ineasement. Swale in ok condition - has beenregraded.
Agenda Page 22
Parcel Info
Parcel ID: 242919286039000290
Owner1: DAVIS THOMAS III
Owner2: DAVIS CAROLYN Y
Address:6530 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 29
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
08/10/2011 undefined $440,000
05/27/2011 undefined $1,000
01/27/2006 undefined $125,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of 12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $397,694
Extra Feature Value $18,580
Land Value (Market) $78,000
Just Market Value $494,274
Assessed Value $461,031
Exempt Value $50,000
Taxable Value $411,031
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement across rearlot line for swale. Palm trees and shrubsin easement. Swale not well defined - hasbeen regraded.
Agenda Page 23
Parcel Info
Parcel ID: 242919286039000300
Owner1: IZZO JULIO JR
Owner2:IZZO ANA MARIA SONEGO
Address:6526 EAGLE RIDGE WAY, LAKELAND, 33813-
City/St/Zip: LAKELAND, FL 33813-
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 30
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
06/29/2009 undefined $446,900
02/12/2009 undefined $87,500
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $331,350
Extra Feature Value $23,500
Land Value (Market) $78,000
Just Market Value $432,850
Assessed Value $404,807
Exempt Value $50,000
Taxable Value $354,807
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement across rear lot line. Swale in fair condition. No encroachments other thanfence which will need to be removed to maintain theswale.
Agenda Page 24
Parcel Info
Parcel ID: 242919286039000310
Owner1:CLEMENTE ORTIZ MONICA MARI
Address:6522 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 31
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
08/04/2016 undefined $75,000
04/13/2007 undefined $100
02/28/2007 undefined $125,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $266,263
Extra Feature Value $0
Land Value (Market) $78,000
Just Market Value $344,263
Assessed Value $341,227
Exempt Value $50,000
Taxable Value $291,227
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement across rearlot line. Swale in good shape. Noobstructions.
Agenda Page 25
Parcel Info
Parcel ID: 242919286039000320
Owner1:6518 EAGLE RIDGE WAY TRUST
Address:6518 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 32
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
12/17/2018 undefined $0
11/09/2007 undefined $629,000
01/06/2006 undefined $249,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $342,101
Extra Feature Value $21,200
Land Value (Market) $78,000
Just Market Value $441,301
Assessed Value $441,301
Exempt Value $0
Taxable Value $441,301
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement for swaleacross back lot line. Pine trees in easement,swale appears to have been relocatedoutside of the easement and partially filledin. Trees need to be removed and swalereconstructed.
Agenda Page 26
Parcel Info
Parcel ID: 242919286039000330
Owner1: BLAKE DAVID B
Owner2:BLAKE LYNNAE TAMARA LEIS
Address:6514 EAGLE RIDGE WAY, LAKELAND, 33813-
City/St/Zip: LAKELAND, FL 33813-
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 33
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
10/06/2014 undefined $542,500
01/11/2013 undefined $470,000
08/18/2011 undefined $510,000
05/19/2008 undefined $100
04/09/2007 undefined $83,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019 Final.
Value Summary
Value Name Price
Building Value $356,232
Extra Feature Value $20,000
Land Value (Market) $78,000
Just Market Value $454,232
Assessed Value $445,010
Exempt Value $50,000
Taxable Value $395,010
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 17' drainage easement across rearlot line for swale. Swale in good condition.Fence will need to removed to maintainswale. No other obstructions.
Agenda Page 27
Parcel Info
Parcel ID: 242919286039000340
Owner1: BURGUENO JORGE E
Owner2:BURGUENO VEGA DIANA A
Address:6510 EAGLE RIDGE WAY, LAKELAND, 33813
City/St/Zip: LAKELAND, FL 33813
Legal Desc:EAGLEBROOKE NORTH PB 134 PGS 11-13 LOT 34
Property (DOR) Use Code:
0100 (SFR up to 2.49 AC)
Acreage: 0.38
Taxing District:
90000 (UNINCORP/SWFWMD)
Sales Information
Date of Sale Q/U Sales Price
09/27/2013 undefined $90,000
07/02/2007 undefined $83,000
05/28/2004 undefined $2,068,800
09/25/2001 undefined $100
12/01/1998 undefined $150,000
02/01/1998 undefined $10
02/01/1998 undefined $100
08/01/1980 undefined $0
01/01/1956 undefined $0
All above information is current (as of
12/05/2019). All below information is 2019
Final.
Value Summary
Value Name Price
Building Value $373,495
Extra Feature Value $22,100
Land Value (Market) $78,000
Just Market Value $473,595
Assessed Value $473,595
Exempt Value $0
Taxable Value $473,595
DISCLAIMER: All maps are worksheets used for illustrative purposes only, they are not
surveys. The Polk County Property Appraiser assumes no responsibility for errors in the
information and does not guarantee the data is free from error or inaccuracy. The information is provided "as is."
Page 1 of 1Print Map
12/5/2019https://map.polkpa.org/printMap.aspx
Platted 10' drainage easement for berm across n2/3 of rear lot line, platted 17' drainage easementfor swale across s 1/3 of rear lot line. Poolenclosure extension appears to encroach oneasement. Berm in good condition. Swale okaycondition. Shrubs and trees in easement shouldbe removed.
Agenda Page 28
Agenda Page 29
Seventh Order of Business
Agenda Page 30
7A
Agenda Page 31
GOLDEN LAKES
Prepared by
Community Development District
Financial Report
November 30, 2019
Agenda Page 32
GOLDEN LAKESCommunity Development District
FINANCIAL STATEMENTS Page
Balance Sheet - All Funds ………………………………………………….1 - 3
Statement of Revenues, Expenditures and Changes in Fund Balance
General Fund ………………………………………………….4 - 5
Golf Maintenance Fund ………………………………………………….6
Enterprise - Golf Fund ………………………………………………….7 - 12
Notes to the Financial Statements ………………………………………………….13 - 14
SUPPORTING SCHEDULES
Non-Ad Valorem Special Assessments Schedule ………………………………………………….15
Cash and Investment Report ………………………………………………….16
Bank Reconciliation ………………………………………………….17
Table of Contents
Agenda Page 33
GOLDEN LAKES
Community Development District
Financial Statements
(Unaudited)
November 30, 2019
Agenda Page 34
GOLDEN LAKES
Community Development District
Balance SheetNovember 30, 2019
Governmental and Enterprise Funds
ACCOUNT DESCRIPTION
GENERAL
FUND
GOLF COURSE
MAINTENANCE
FUND
ENTERPRISE -
GOLF FUND TOTAL
ASSETS
Cash - Checking Account 365,587$ -$ 250,919$ 616,506$
Cash On Hand/Petty Cash - - 8,288 8,288
Cash Drawer - - 2,260 2,260
Accounts Receivable 4,697 - 185,237 189,934
Accounts Receivable > 120 1,700 - - 1,700
Accounts Receivable - Other - - 42,177 42,177
Allow -Doubtful Accounts (1,700) - (46,143) (47,843)
Interest/Dividend Receivables 6,208 - - 6,208
Due From Other Funds - 83,830 161,911 245,741
Inventory:
F&B - - 29,031 29,031
Golf Balls - - 10,742 10,742
Golf Clubs - - 25,342 25,342
Bags - - 2,665 2,665
Gloves - - 7,951 7,951
Hats - - 3,231 3,231
Shoes\Socks - - 2,365 2,365
Shirts\Sweater - - 13,920 13,920
Miscellaneous - - 2,439 2,439
Soft Drink - - 2,799 2,799
Beer - - 5,804 5,804
Wine - - 6,596 6,596
Liquor - - 14,398 14,398
Investments:
Certificates of Deposit - 12 Months 302,924 - - 302,924
Certificates of Deposit - 18 Months 204,558 - - 204,558
Certificates of Deposit - 6 Months 153,977 - - 153,977
Money Market Account 481,159 - - 481,159
SBA Account 4,826 - - 4,826
Excess Revenue Account - - 373 373
Prepayment Fund (A-1) - - 1,747 1,747
Reserve Fund (A-2) - - 16,194 16,194
Revenue Fund - - 99 99
Prepaid Items 1,850 - 28,808 30,658
Deposits 7,955 - 5,140 13,095
Fixed Assets
Buildings - - 183,921 183,921
Page 1
Agenda Page 35
GOLDEN LAKES
Community Development District
Balance SheetNovember 30, 2019
Governmental and Enterprise Funds
ACCOUNT DESCRIPTION
GENERAL
FUND
GOLF COURSE
MAINTENANCE
FUND
ENTERPRISE -
GOLF FUND TOTAL
Improvements Other Than Buildings (IOTB) - - 23,320 23,320
Equipment - - 103,754 103,754
Machinery & Equipment - - 130,070 130,070
Equipment and Furniture - - 60,195 60,195
Accum Depr ‐ Mach & Equip - - (45,806) (45,806)
Property Under Capital Leases - - 83,292 83,292
Accum Depr - Capital Leases - - (15,270) (15,270)
Bond Issuance Cost - - 57,745 57,745
Other Fixed Assets - - 2,500,000 2,500,000
TOTAL ASSETS 1,533,741$ 83,830$ 3,865,514$ 5,483,085$
LIABILITIES
Accounts Payable 40,402$ -$ 81,690$ 122,092$
Accrued Expenses 7,625 - 26,566 34,191
Accounts Payable - Other - - 26,600 26,600
Accrued Interest Payable - - 71,668 71,668
Accrued Payroll - - 57,345 57,345
Sales Tax Payable - - 17,540 17,540
Outing Deposits - - 40,490 40,490
Deferred Revenue-Memberships - - 98,815 98,815
Capital Leases-Current Portion - - 18,934 18,934
Gift Certificates - - 46,813 46,813
Revenue Bonds Payable-Current - - 75,000 75,000
Due To Other Funds 245,741 - - 245,741
Capital Leases-Long-Term - - 42,875 42,875
Revenue Bonds Payable-LT - - 3,935,000 3,935,000
TOTAL LIABILITIES 293,768 - 4,539,336 4,833,104
FUND BALANCES / NET ASSETS
Fund Balances
Nonspendable:
Prepaid Items 1,850 - - 1,850
Deposits 7,955 - - 7,955
Assigned to:
Operating Reserves 141,143 - - 141,143
Reserves - Drainage 50,000 - - 50,000
Page 2
Agenda Page 36
GOLDEN LAKES
Community Development District
Balance SheetNovember 30, 2019
Governmental and Enterprise Funds
ACCOUNT DESCRIPTION
GENERAL
FUND
GOLF COURSE
MAINTENANCE
FUND
ENTERPRISE -
GOLF FUND TOTAL
Reserves-Renewal & Replacement 190,260 - - 190,260
Reserves - Roadways 704,344 - - 704,344
Reserves - Roof 20,025 - - 20,025
Reserves - Sidewalks 25,000 - - 25,000
Reserves - Streetlights 25,000 - - 25,000
Unassigned: 74,396 83,830 - 158,226
Net Assets
Invested in capital assets,
net of related debt - - (1,008,594) (1,008,594)
Unrestricted/Unreserved - - 334,772 334,772
TOTAL FUND BALANCES / NET ASSETS 1,239,973$ 83,830$ (673,822)$ 649,981$
TOTAL LIABILITIES & FUND BALANCES / NET ASSETS 1,533,741$ 83,830$ 3,865,514$ 5,483,085$
Page 3
Agenda Page 37
GOLDEN LAKES
Community Development DistrictGeneral Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
REVENUES
Interest - Investments 6,000$ 1,295$ 21.58% 603$
Special Assmnts- Tax Collector 823,955 129,832 15.76% 129,832
Special Assmnts- Other 64,105 10,101 15.76% 10,101
Special Assmnts- Discounts (35,523) (5,699) 16.04% (5,699)
TOTAL REVENUES 858,537 135,529 15.79% 134,837
EXPENDITURES
Administration
P/R-Board of Supervisors 8,000 800 10.00% 800
FICA Taxes 612 61 9.97% 61
ProfServ-Engineering 22,500 1,695 7.53% 180
ProfServ-Legal Services 30,000 6,001 20.00% 4,439
ProfServ-Mgmt Consulting Serv 31,622 6,666 21.08% 3,333
ProfServ-Property Appraiser 8,240 - 0.00% -
ProfServ-Special Assessment 11,364 - 0.00% -
ProfServ-Web Site Development 16,200 770 4.75% 612
Auditing Services 7,500 500 6.67% 500
Postage and Freight 1,000 121 12.10% 83
Insurance - General Liability 8,828 9,647 109.28% -
Printing and Binding 1,000 157 15.70% 143
Legal Advertising 1,000 3,621 362.10% 3,621
Miscellaneous Services 300 388 129.33% -
Misc-Assessmnt Collection Cost 17,761 2,663 14.99% 2,663
Office Supplies 500 - 0.00% -
Annual District Filing Fee 175 175 100.00% -
Total Administration 166,602 33,265 19.97% 16,435
Field
ProfServ-Field Management 22,866 3,700 16.18% 1,850
Contracts-Security Services 128,500 23,448 18.25% 10,708
Contracts-Landscape 77,820 13,300 17.09% 6,250
Security-Roving Parking Patrol 15,600 2,978 19.09% 1,489
Communication - Teleph - Field 3,120 522 16.73% 467
Utility - Access Gate 7,500 295 3.93% 381
Electricity - General 30,000 3,029 10.10% 3,029
Electricity - Streetlighting 30,000 3,729 12.43% 3,714
Utility - Irrigation 800 55 6.88% 38
R&M-Renewal and Replacement 6,000 599 9.98% 599
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending November 30, 2019
Page 4
Agenda Page 38
GOLDEN LAKES
Community Development DistrictGeneral Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending November 30, 2019
R&M-Common Area 5,000 - 0.00% -
R&M-Gate 6,000 - 0.00% -
R&M-Irrigation 7,000 - 0.00% -
R&M-Ponds 4,500 1,734 38.53% 1,042
R&M-Pools 5,500 - 0.00% -
R&M-Roads & Alleyways 12,500 1,180 9.44% 1,180
R&M-Stormwater System 48,000 13,302 27.71% 13,302
R&M-Streetlights 20,000 1,799 9.00% 1,799
R&M-Trees and Trimming 6,500 - 0.00% -
R&M-Security Cameras 1,000 125 12.50% -
Misc-Contingency 5,000 - 0.00% -
Bottled Water Delivery 550 66 12.00% 36
Op Supplies - Gatehouse 682 89 13.05% -
Total Field 444,438 69,950 15.74% 45,884
Debt Service
Principal Debt Retirement 163,798 - 0.00% -
Interest Expense 83,700 - 0.00% -
Cost of Issuance 86,500 - 0.00% -
Total Debt Service 333,998 - 0.00% -
TOTAL EXPENDITURES 945,038 103,215 10.92% 62,319
Excess (deficiency) of revenues
Over (under) expenditures (86,501) 32,314 -37.36% 72,518
OTHER FINANCING SOURCES (USES)
Contribution to (Use of) Fund Balance (86,501) - 0.00% -
TOTAL FINANCING SOURCES (USES) (86,501) - 0.00% -
Net change in fund balance (86,501)$ 32,314$ -37.36% 72,518$
FUND BALANCE, BEGINNING (OCT 1, 2019) 1,207,659 1,207,659
FUND BALANCE, ENDING 1,121,158$ 1,239,973$
Page 5
Agenda Page 39
GOLDEN LAKES
Community Development DistrictGolf Course Maintenance Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
REVENUES
Interest - Investments -$ -$ 0.00% -$
Special Assmnts- Tax Collector 66,636 10,500 15.76% 10,500
Special Assmnts- Discounts (2,665) (428) 16.06% (428)
TOTAL REVENUES 63,971 10,072 15.74% 10,072
EXPENDITURES
Administration
ProfServ-Property Appraiser 666 - 0.00% -
Misc-Assessmnt Collection Cost 1,333 200 15.00% 200
Total Administration 1,999 200 10.01% 200
Golf Course
R&M-Golf Course 61,972 - 0.00% -
Total Golf Course 61,972 - 0.00% -
TOTAL EXPENDITURES 63,971 200 0.31% 200
Excess (deficiency) of revenues
Over (under) expenditures - 9,872 0.00% 9,872
Net change in fund balance -$ 9,872$ 0.00% 9,872$
FUND BALANCE, BEGINNING (OCT 1, 2019) 73,958 73,958
FUND BALANCE, ENDING 73,958$ 83,830$
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending November 30, 2019
Page 6
Agenda Page 40
GOLDEN LAKES
Community Development DistrictEnterprise - Golf Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
OPERATING REVENUES
Interest - Investments -$ 197$ 0.00% 99$
Green Fees-GS 319,780 44,962 14.06% 30,557
Green Fees-Outings-GS 56,656 12,359 21.81% 1,890
Green Fees-Members-GS - 40 0.00% 30
Cart Fees-GS 359,259 51,969 14.47% 32,158
Cart Fees-Outings-GS 50,922 12,673 24.89% 4,140
Cart Fees-Members-GS 210,081 26,520 12.62% 11,440
Range-GS 39,432 4,807 12.19% 3,131
Instruction-Individual -INST 7,086 855 12.07% 360
Food Sales-On Course-F&B 5,040 1,064 21.11% 692
Food Sales-Banquets-F&B 307,900 49,131 15.96% 15,490
Food Sales-Clubhouse-F&B 466,063 87,511 18.78% 48,772
Non-Alcoholic-Clubhouse-F&B 19,538 4,150 21.24% 1,970
Alc Sales (Beer)-Banquets-F&B 21,101 3,110 14.74% 1,236
Alc Sales (Beer)-Clubhouse-F&B 91,532 17,872 19.53% 8,535
Alc Sales (Wine)-Banquets-F&B 14,895 3,917 26.30% 1,644
Alc Sales (Wine)-Clubhouse-F&B 66,438 9,518 14.33% 5,147
Alc Sales (Liquor)-Banquet-F&B 26,066 4,405 16.90% 1,467
Alc Sales (Liquor)-Clubhouse-F&B 113,927 19,098 16.76% 9,423
Gratuity-Outings-F&B - (39,412) 0.00% (17,884)
Gratuity-Clubhouse-F&B - 31,241 0.00% 17,155
Room Charge-Banquets-F&B 68,685 6,795 9.89% 2,915
Service Charge-Banquets-F&B - 12,910 0.00% 4,336
Equipment Rental Fees-Banquets-F&B - 4,618 0.00% (401)
Non-Alcoholic-Outing-F&B - 128 0.00% -
Food Sales-Outings 41,600 1,850 4.45% 900
Non-Alcoholic-On Course-F&B 11,384 1,870 16.43% 944
Alc Sales (Beer)-On Course-F&B 44,733 9,570 21.39% 5,300
Alc Sales (Liquor)-On Course-F&B 19,409 4,086 21.05% 2,785
Alc Sales (Wine)-On Course-F&B 5,440 - 0.00% -
Alc Sales (Beer)-Outings-F&B - 1,722 0.00% 175
Room Rentals - 979 0.00% 475
Membership Dues - monthly 871,125 123,028 14.12% 63,339
Golf Ball Sales 49,309 8,497 17.23% 5,123
Glove Sales 11,903 2,061 17.31% 1,225
Headwear Sales 10,431 973 9.33% 508
Ladies' Wear Sales 8,760 1,036 11.83% 806
Men's Wear Sales 30,984 5,206 16.80% 3,587
Statement of Revenues, Expenses and Changes in Net Assets
For the Period Ending November 30, 2019
Page 7
Agenda Page 41
GOLDEN LAKES
Community Development DistrictEnterprise - Golf Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
Statement of Revenues, Expenses and Changes in Net Assets
For the Period Ending November 30, 2019
Shoes Sales 6,960 911 13.09% 270
Miscellaneous Sales - (1,331) 0.00% (899)
Club Sales 24,100 2,139 8.88% 1,635
Rental Clubs Sales 5,520 760 13.77% 520
Bag Sales 5,304 1,482 27.94% 747
Juniorwear Sales 88 - 0.00% -
Outerwear Sales 3,817 352 9.22% 352
Club Repair Sales 2,647 732 27.65% 321
Other Pro Shop Sales 4,785 4,990 104.28% 45
Handicap Fee Sales 770 - 0.00% -
Locker Fees 560 30 5.36% -
Special Assmnts- Tax Collector 267,214 42,105 15.76% 42,105
Special Assmnts- Discounts (9,352) (1,715) 18.34% (1,715)
Other Miscellaneous Revenues 75,000 15,241 20.32% 8,351
TOTAL OPERATING REVENUES 3,736,892 597,012 15.98% 321,201
OPERATING EXPENSES
Personnel and Administration
Payroll-Hourly 48,562 6,495 13.37% 3,535
Payroll-Benefits 80,400 9,732 12.10% 4,881
Payroll-Managers 187,975 39,992 21.28% 18,601
Payroll-Processing Fee 23,136 3,866 16.71% 1,954
Payroll - Bonus 17,613 - 0.00% -
Payroll Taxes 22,876 2,416 10.56% 1,298
ProfServ-Legal Services - 2,000 0.00% 1,000
Legal/Accounting/Professional 1,200 - 0.00% -
BCG Management 96,000 16,000 16.67% 8,000
Contracts-Pest Control 3,084 1,027 33.30% 514
IT Support 5,520 860 15.58% 400
Travel and Per Diem 1,800 - 0.00% -
Training/Staff Development 900 79 8.78% 79
Communication - Telephone 4,728 782 16.54% 384
Communication - Mobile 900 225 25.00% 225
Postage 1,200 170 14.17% 170
Fed-Ex/Courier 120 79 65.83% 79
Utility - Water & Sewer 10,800 1,954 18.09% 1,030
Garbage Removal 20,124 3,645 18.11% 2,897
Utilities-Electric 51,505 7,891 15.32% 3,808
Lease - Copier 6,832 1,321 19.34% 304
Page 8
Agenda Page 42
GOLDEN LAKES
Community Development DistrictEnterprise - Golf Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
Statement of Revenues, Expenses and Changes in Net Assets
For the Period Ending November 30, 2019
Golf Cart Equip Leases 57,924 9,654 16.67% 4,827
Insurance-P&C 197,151 36,651 18.59% 18,325
Insurance-Workmans Comp 36,483 5,855 16.05% 3,028
R&M-Buildings 21,500 3,837 17.85% 2,760
R&M-Equipment 22,980 3,829 16.66% 1,915
Equip Maint/Repair-Prevent 3,312 - 0.00% -
Printing and Binding 900 425 47.22% 425
Help Wanted Ads 180 - 0.00% -
Promotions 9,100 1,045 11.48% 395
Graphic Design 3,600 600 16.67% 300
Membership Programs 10,800 2,538 23.50% 1,638
Sales Management 1,450 500 34.48% 250
CX Evaluations-Mystery Shops 2,700 237 8.78% 237
Advertising (Print) 600 - 0.00% -
Advertising (Electronic) 7,800 772 9.90% 410
Advertising (Display) 2,000 439 21.95% 34
Misc-Employee Meals 7,200 1,169 16.24% 570
Misc-Licenses & Permits 1,647 - 0.00% -
Misc-Assessmnt Collection Cost 5,165 801 15.51% 801
Misc-Credit Card Fees 55,664 7,395 13.29% 4,043
Internet Access 4,344 582 13.40% 205
TV/Cable or Dish 4,752 403 8.48% -
Bank Fees 5,472 985 18.00% 598
Use Tax Expense 7,200 1,523 21.15% 1,143
Finance Charges - 45 0.00% 45
Misc-Security - 750 0.00% 750
Website & Newsletter 6,000 1,554 25.90% 27
Misc.-Personal Property Taxes 5,833 4,935 84.60% 4,935
Office Supplies 4,536 128 2.82% 69
Computer Supplies/Equipment 3,000 400 13.33% 200
Operating Supplies 8,484 2,133 25.14% 1,352
Op Supplies - Uniforms 600 - 0.00% -
Clubhouse Cleaning Service G&A 2,280 236 10.35% 236
Software 2,400 398 16.58% -
Chamber / Organization Dues 1,370 - 0.00% -
Bad Debt Expenses 12,000 (505) -4.21% (505)
Total Personnel and Administration 1,101,702 187,848 17.05% 98,172
Maintenance and Landscaping
Payroll-Hourly 291,780 46,715 16.01% 22,992
Page 9
Agenda Page 43
GOLDEN LAKES
Community Development DistrictEnterprise - Golf Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
Statement of Revenues, Expenses and Changes in Net Assets
For the Period Ending November 30, 2019
Payroll-Managers 96,900 15,920 16.43% 7,830
Payroll - Bonus 11,628 - 0.00% -
Payroll Taxes 36,028 4,180 11.60% 2,275
Outside Services 14,400 13,556 94.14% 5,597
Contracts-Solid Waste 2,100 - 0.00% -
Oil/Lube 1,500 - 0.00% -
Gas Diesel 27,450 5,448 19.85% 1,322
Communication - Mobile 900 - 0.00% -
Utility - Irrigation 22,900 - 0.00% -
Utility - Water & Sewer 2,400 921 38.38% 592
Utilities-Electric 4,200 3,074 73.19% 1,311
R&M-Irrigation 6,000 1,264 21.07% 570
Equip Maint/Repair-Fix 431 - 0.00% -
Equip Maint/Repair-Prevent 24,000 4,304 17.93% 1,302
Misc-Employee Meals 900 165 18.33% 35
Safety Equipment 600 - 0.00% -
Cleaning Supplies 1,200 - 0.00% -
Supplies-Landscape 900 838 93.11% 838
Supplies-Course 4,648 - 0.00% -
Supplies-Shop 1,200 - 0.00% -
Operating Supplies 11,229 - 0.00% -
Sand-Top Dressing greens/tees 6,650 559 8.41% 559
Op Supplies - Uniforms 2,100 - 0.00% -
Chemicals-Fungicides 2,550 912 35.76% 240
Chemicals-Herbicides 31,012 4,989 16.09% 914
Chemicals-Insecticides 6,256 3,834 61.29% 335
Chemicals-Growth Regulators 750 - 0.00% -
Chemicals-Wetting Agents 344 - 0.00% -
Fertilizers-Fairways / Roughs 29,432 - 0.00% -
Fertilizers-Greens 6,504 3,389 52.11% 1,384
Supplies - Seeds 4,400 - 0.00% -
Soil Amendments-AGRO 500 - 0.00% -
Small Equipment/Hand Tools 1,500 832 55.47% 832
Total Maintenance and Landscaping 655,292 110,900 16.92% 48,928
Pro Shop
COS - Golf Balls 29,585 5,169 17.47% 3,068
COS - Gloves 7,142 1,279 17.91% 729
COS - Headwear 6,259 530 8.47% 264
COS - Ladies' Wear 5,256 - 0.00% -
Page 10
Agenda Page 44
GOLDEN LAKES
Community Development DistrictEnterprise - Golf Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
Statement of Revenues, Expenses and Changes in Net Assets
For the Period Ending November 30, 2019
COS - Men's Wear 18,590 1,983 10.67% 1,686
COS - Shoes 4,176 1,023 24.50% 599
COS - Miscellaneous - 549 0.00% 258
COS - Clubs 14,460 1,070 7.40% 311
COS - Outerwear 2,290 791 34.54% 791
COS - Bags 3,183 1,127 35.41% 525
COS - Junior Wear 53 - 0.00% -
COS - General 2,871 - 0.00% -
COS - Beverage - Beer/Wine 121,062 21,171 17.49% 10,495
COS - Beverage - Non Alch 12,488 4,040 32.35% 1,657
COS - Food Sales 326,753 55,982 17.13% 29,419
Total Pro Shop 554,168 94,714 17.09% 49,802
Golf Operations
Payroll-Salaries 77,904 12,816 16.45% 6,303
Payroll-Hourly 143,981 25,456 17.68% 13,705
Payroll-Commission 14,554 2,448 16.82% 490
Payroll Taxes 23,644 3,133 13.25% 1,727
R&M-Golf Cart 4,000 474 11.85% 303
Misc-Employee Meals 3,300 791 23.97% 488
Misc-Handicap Fees 3,430 - 0.00% -
Tournaments and Events - 3,629 0.00% 954
Supplies-Scorecards and Pencil 1,020 204 20.00% -
Supplies-Shop - 32 0.00% 32
Op Supplies - Uniforms 2,100 246 11.71% -
Driving Range Supplies 5,000 4,126 82.52% 26
Chamber / Organization Dues 750 - 0.00% -
Total Golf Operations 279,683 53,355 19.08% 24,028
Amenities
Outside Services 9,900 1,737 17.55% 912
Utility - Water & Sewer 4,440 604 13.60% 290
Operating Supplies 800 - 0.00% -
Total Amenities 15,140 2,341 15.46% 1,202
Food and Beverages
Payroll-Hourly 340,793 60,304 17.70% 29,222
Payroll-Managers 186,901 19,962 10.68% 9,451
Payroll - Bonus 4,000 - 0.00% -
Payroll Taxes 72,872 9,428 12.94% 4,760
Page 11
Agenda Page 45
GOLDEN LAKES
Community Development DistrictEnterprise - Golf Fund
ANNUAL YTD ACTUAL
ADOPTED YEAR TO DATE AS A % OF NOV-19
ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL
Statement of Revenues, Expenses and Changes in Net Assets
For the Period Ending November 30, 2019
Linen/Laundry 31,736 5,355 16.87% 1,944
Grease Removal 700 - 0.00% -
Training/Staff Development 480 - 0.00% -
Communication - Mobile 600 - 0.00% -
Utility - Water & Sewer 1,980 332 16.77% 246
Propane /Natural Gas 35,048 5,290 15.09% 1,985
Equip Maint/Repair-Fix 16,488 1,169 7.09% 699
Equip Maint/Repair-Prevent 1,400 907 64.79% -
Misc-Licenses & Permits 500 - 0.00% -
Decorations 3,000 625 20.83% 625
Glassware/China/Silver 1,500 879 58.60% 664
Cleaning Supplies 6,396 611 9.55% 336
Supplies-Paper and Plastic 10,488 1,553 14.81% 881
Supplies-Banquet 12,276 1,611 13.12% 558
Supplies-Bar - 173 0.00% 173
Supplies-Kitchen 8,052 1,765 21.92% 674
Op Supplies - Uniforms 1,500 1,005 67.00% -
Total Food and Beverages 736,710 110,969 15.06% 52,218
Non-Operating
Improvements - Building - 5,270 0.00% -
Total Non-Operating - 5,270 0.00% -
Debt Service
Principal Debt Retirement A-1 70,000 - 0.00% -
Principal Debt Retirement A-2 5,000 - 0.00% -
Interest Expense Series A-1 142,834 71,417 50.00% 71,417
Interest Expense Series A-2 24,700 12,350 50.00% 12,350
Total Debt Service 242,534 83,767 34.54% 83,767
TOTAL OPERATING EXPENSES 3,585,229 649,164 18.11% 358,117
Operating income (loss) 151,663 (52,152) -34.39% (36,916)
Change in net assets 151,663$ (52,152)$ -34.39% (36,916)$
TOTAL NET ASSETS, BEGINNING (OCT 1, 2019) (621,670) (621,670)
TOTAL NET ASSETS, ENDING (470,007)$ (673,822)$
Page 12
Agenda Page 46
GOLDEN LAKESCommunity Development District
Balance SheetGeneral Fund
General Fund
► Assets
►
►
Reserves to be approved by the Board for FY 2019:
Operating Reserves 141,143$
Drainage 50,000
Renewal & Replacement 190,260
Roadways 704,344
Roof 20,025
Sidewalks 25,000
Streetlights 25,000
TOTAL 1,155,772$
■ Interest/Dividends Receivable - Interest due on CD's as of September 2019.
Notes to the Financial Statements
Fund Balance
November 30, 2019
■ Assigned to- These funds are set aside for repair and replacement of assets throughout the community.
■ Cash and Investments - In order to maximize liquidity of cash, the District has two Money Market Accounts and four CDs. (See Cash & Investment Report for further details).
■ Accounts Payable - Invoices for current month but not paid in current month.
■ Deposits - Paid to Lakeland Electric and Polk County Utilities Division to open accounts in the District's name plus Escrow deposit to Peterson & Mayers for purchase of Club.
Liabilities
■ Accrued Expenses - Estate Management (R&M Ponds), Tampa Electric (General & Streetlighting), Lakeland Electric (Access Gate, General & Streetlighting), Securitas Security (Security & Roving).
■ Prepaid Items - Enprovera Property Advisors - December 2019.
■ Interest Receivable > 120 Days - Duplicate payment to Vendor.
■ Accounts Receivable - Inframark fees that were billed incorrectly.
Page 13
Agenda Page 47
GOLDEN LAKESCommunity Development District
Revenues, Expenditures and Fund BalancesGeneral Fund
Financial Overview / Highlights
►
►
Variance Analysis
Account Name
Adopted
Budget
YTD
Actual
% of
Budget
Expenditures
Administrative
Legal Advertising 1,000$ 3,621$ 362%
Miscellaneous Services 300$ 388$ 129%
Field
Contracts-Security Services 128,500$ 23,448$ 18%
Contracts - Landscape 77,820$ 13,300$ 17%
Notes to the Financial Statements
The Non-Ad Valorem Special Assessments are 16% collected.
Explanation
Total Expenditures are at approximately 11% of adopted budget. Significant variances are explained below.
November 30, 2019
Security services are based on hours performed which can vary per month.
Notice for Public Hearings on 11/5 & 11/12
October fee was $7,050 and November was $6,250.
Web Services / ADA Compliance - Quarterly payment.
Page 14
Agenda Page 48
November 30, 2019
GOLDEN LAKES
Community Development District
Supporting Schedules
Agenda Page 49
GOLDEN LAKESCommunity Development District
Discount / Gross General Fund General Fund Golf Course Enterprise Golf
Date Net Amount (Penalties) Collection Amount Operations & Capital Maintenance Fund
Received Received Amount Costs Received Maintenance Improvement Fund 2017 A1 & A2
Assessments Levied FY 2020 1,221,910$ 823,955$ 64,105$ 66,636$ 267,214$
Allocation % 100% 67% 5% 5% 22%
11/14/19 2,570$ 109$ 52$ 2,732$ 1,842$ 143$ 149$ 597$
11/18/19 13,202 706 239 14,147 9,540 742 772 3,094
11/22/19 40,170 1,708 820 42,698 28,792 2,240 2,329 9,337
11/29/19 125,090 5,319 2,553 132,961 89,658 6,976 7,251 29,077
TOTAL 181,033$ 7,842$ 3,664$ 192,538$ 129,832$ 10,101$ 10,500$ 42,105$
% COLLECTED 15.8% 15.8% 15.8% 15.8% 15.8%
TOTAL OUTSTANDING 1,029,371$ 694,123$ 54,004$ 56,136$ 225,108$
ALLOCATION BY FUND
Non Ad Valorem Special Assessments - Imperial Polk County Tax Collector(Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2020
Page 15
Agenda Page 50
GOLDEN LAKESCommunity Development District
INVESTMENT
ACCOUNT NAME BANK NAME TYPE MATURITY YIELD BALANCE
GENERAL FUND
Operating Checking Account Centerstate Bank n/a 0.00% 365,587$
Subtotal 365,587$
Certificate of Deposits 6 M Bank United CD #2318 02/22/20 1.87% 153,977$
Certificate of Deposits 12 M Bank United CD #1338 01/17/20 2.50% 152,324$
Certificate of Deposits 12 M Bank United CD #6824 06/06/20 2.40% 150,600$
Certificate of Deposits 18 M Bank United CD #9757 04/11/20 2.49% 204,558$
Subtotal 661,459$
Money Market Account BankUnited n/a 1.50% 481,159$
Subtotal 481,159$
Operating Account-Fund A State Board of Administration n/a 0.78% 4,826$
DEBT SERVICE FUNDS SERIES 2017
Reserve Fund A-2 US Bank Commercial Paper n/a 0.10% 16,194$
Excess Revenue Fund US Bank Commercial Paper n/a 0.10% 373$
Revenue Fund US Bank Commercial Paper n/a 0.10% 99$
Prepayment Fund (A-1) US Bank Commercial Paper n/a 0.10% 1,747$
Subtotal 18,413$
1,531,443$
Cash and Investment Report
November 30, 2019
Grand Total
Page 16
Agenda Page 51
Posting Date
Document Type
Document No. Description Amount
Cleared Amount Difference
Outstanding Checks
11/6/2019 Payment 12551 ALEX BELCHER 990.00 0.00 990.00
11/6/2019 Payment 12555 GARY BALL 120.00 0.00 120.00
11/19/2019 Payment 12564 ENPROVERA PROPERTY ADVISORS, LLC 1,850.00 0.00 1,850.00
11/21/2019 Payment 12565 PENNONI ASSOCIATES INC. 1,695.06 0.00 1,695.06
11/25/2019 Payment 12567 DEAL ELECTRIC 1,798.50 0.00 1,798.50
11/27/2019 Payment 12568 SECURITAS SECURITY SERVICES USA, INC.
2,842.36 0.00 2,842.36
Total Outstanding Checks...................................................................................................................... 9,295.92 9,295.92
G/L Balance 365,586.64
Bank Account No. 5206
Statement No. 11-19
Statement Date 11/30/2019
Statement Balance 374,882.56G/L Balance (LCY) 365,586.64
Difference 0.00
Ending G/L Balance 365,586.64
Subtotal 365,586.64
Outstanding Deposits 0.00
Negative Adjustments 0.00
Positive Adjustments 0.00
Subtotal 374,882.56
Outstanding Checks 9,295.92
Ending Balance 365,586.64
Differences 0.00
CenterState Bank - GF
Bank Reconciliation
Golden Lakes CDD
Page 17
Agenda Page 52
Eighth Order of Business
Agenda Page 53
8A
Agenda Page 54
January 7th, 2020Presentation
Agenda Page 55
What’s New
since we last met?
• Added a new cart path entering #18 fairway
Agenda Page 56
Upcoming Projects around the facility
• In the process of replacing some the older banquet tables.
• Working on quotes for shades on the West End banquet Windows.
• Received some carpet samples and working to obtain quotes for Trophy Room Carpet replacement.
• Will continue to replace cart path pads as needed throughout the facility.
Agenda Page 57
Year over Year Comparison17/18 18/19 Variance
Rounds 31,263 39,411 8,148Revenue $3,055,191 $3,353,681 $298,490EBITDA $19,547 $102,294 $82,747
Agenda Page 58
Current Year Key Metrics
• Through November, on track with budget targets (ahead of plan by $904).
• Member Rounds up 5% over previous year.• Membership Revenue is up 3% over previous
year.• A La Carte Revenue up 6.7% over previous year.• Golf Advisor rating snapshot is 4.7 in the last 6
months compared to an “all-time” rating of 4.6. Golfers rate our facility based on conditions, value, layout, staff friendliness, pace of play, and amenities.
• Forecasting an EBITDA of $142,000 for this Fiscal Year.
Agenda Page 59
THANK YOU
Agenda Page 60