HERITAGE SPRINGS

COMMUNITY DEVELOPMENT DISTRICT

AGENDA PACKAGE

NOVEMBER 19, 2018

Heritage Springs Community Development District

Inframark, Infrastructure Management Services

210 North University Drive, Suite 702 • Coral Springs, Florida 33071
Telephone: (954) 603-0033 • Fax: (954) 345-1292

November 12, 2018

Board of Supervisors

Heritage Springs Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Heritage Springs Community Development District will be held Monday, November 19, 2018 at 2:30 P.M. at Heritage Springs Community Clubhouse, 11345 Robert Trent Jones Parkway, New Port Richey, Florida. Following is the advance agenda for the meeting:

1.	Roll Call

2.	Consent Agenda

A.	Approval of the Minutes of the October 15, 2018 Meeting
B.	Approval of the Financial Statements

3.	Public Comment on Agenda Items

4.	Attorney’s Report

5.	Engineer’s Report
6.	Manager’s Report
7.	Maintenance Items

8.	Supervisors’ Requests
9.	Audience Comments

10.	Adjournment

I look forward to seeing you at the meeting. Please call me if you have any questions.

Sincerely,

Andrew P. Mendenhall, PMP Secretary

/ms

cc:	John Vericker	Danny Tyler	Kimberlee DeBosier	Robert Dvorak

Second Order of Business

2A.

1	MINUTES OF MEETING	
2	HERITAGE SPRINGS	
3	COMMUNITY DEVELOPMENT DISTRICT	
4		
5	The  regular  meeting  of  the  Board  of  Supervisors  of  the  Heritage  Springs	

6	Community Development District was held on Monday, October 15, 2018 at 2:30 p.m. at

7	the Heritage Springs Community Clubhouse, 11345 Robert Trent Jones Parkway, New

8	Port Richey, Florida.

9						
10	Present and constituting a quorum were:				
11						
12	Steve Wertovitch	Chairman		
13	Joe DePompa	Vice Chairman		
14	George Kachavos	Assistant Secretary		
15	Les Elwonger	Supervisor		
16						
17	Also present were:				
18						
19	Andrew Mendenhall	District Manager		
20	Robert Dvorak	District Engineer		
21	Residents				
22						
23	The following is a summary of the minutes and actions taken at the October 15,		
24	2018 Heritage Springs Board of Supervisors meeting.		
25						
26	FIRST ORDER OF BUSINESS	Roll Call		
27	Mr. Mendenhall called the meeting to order and noted all Board members are in		
28	attendance.					
29	SECOND ORDER OF BUSINESS	Consent Agenda		
30				
31	A.	Approval of the Minutes of the August 20, 2018 Meeting		
32	B.	Approval of the Financial Statements		
33						
34						
35					
		Mr. Elwonger MOVED to approve the Consent Agenda			
36		and Mr. Kachavos seconded the motion.			
37						

38	•    Line 170, 174 – add Walstone Court to the sump/skimmer.

39	•    Line 178 – approaching it as no change.

	October 15, 2018	Heritage Springs CDD		
40	•	Line 148 – add “would” after Mr. McEwan		
41							
42						
			On  VOICE  vote,  with  all  in  favor,  the  motion  was			
43			approved, as amended.				
44	THIRD ORDER OF BUSINESS	Public Comment on Agenda Items		
45				
46		None.				
47							
48	FOURTH ORDER OF BUSINESS	Attorney’s Report		
49		None.				
50	FIFTH ORDER OF BUSINESS	Engineer’s Report		
51				
52	•    Mr. Dvorak reported on the following:

53	•    Site visit to look at the Walstone Court sump following a storm event.

54		o	An as-built survey was done on the sump and Mr. Dvorak reviewed areas		
55			on a map.			
56		o	Mr. Dvorak would not recommend notching/channeling the weir.		
57						
58	SIXTH ORDER OF BUSINESS	Manager’s Report		
59		A.	Discussion of District Go Daddy Email Account		
60	•	Mr. Mendenhall addressed the Go Daddy email account noting Go Daddy is		
61		charging for the archiving of the accounts.		
62	•	Mr. Wertovitch noted he does not think they need archiving.		
63		B.	Motion Assigning FY 2018 Reserves		
64					
65	•    Operating Reserve – $85,767

66	•    Reserve – Ponds - $831,794

67	

68			On  MOTION  by  Mr.  DePompa  seconded  by  Mr.			
69			Kachavos, with all in favor, assigning FY 2018 Reserves			
70			was approved.				
71	SEVENTH ORDER OF BUSINESS	Maintenance Items		
72				
73	•	Mr. DePompa distributed and reviewed the FY 2018 and FY 2019 Maintenance		
74		plans.				

2

	October 15, 2018	Heritage Springs CDD		
75	EIGHTH ORDER OF BUSINESS	Supervisors’ Requests		
76				
77	•	Mr. Wertovitch reported he has not done anything with the HOA regarding funds		
78		for the electricity.			
79	•	Mr. Wertovtich addressed the review of Winding Willow Village Street going out		
80		to the golf course. They will be waiting until it is drier in December or January.		
81	•	Discussion  ensued  regarding  the  electricity  payments  for  extra  poles  /  LED		
82		lighting.			
83	•	Mr. Wertovitch addressed a resident request to put a fountain in one of the ponds.		
84		The resident owns the fountain and will run the electricity to their home and pay		
85		for it. He is referring it to ARC and HOA.		

86	•    Discussion followed on fountains and aerators.

87	•    Mr. Wertovitch reported he has had no response on the vacancy on the Board.

88	•    Mr. Kachavos addressed the southwest quadrant noting the ponds are in excellent

89		condition.				
90	•	Mr. Elwonger addressed storm water systems noting he is trying to understand		
91		them.					
92		o	Discussion followed on elevation changes.		
93	NINTH ORDER OF BUSINESS	Audience Comments		
94				
95		None.					
96							
97	TENTH ORDER OF BUSINESS	Adjournment		
98				
99							
100						
			On  MOTION  by  Mr.  DePompa  seconded  by  Mr.			
						
101			Kachavos, with all in favor, the meeting was adjourned.			
102							
103							
104							
105				____________________________		
106				Steve Wertovitch		
107				Chairman		

3

2B.

Heritage Springs

Community Development District

Financial Report

October 31, 2018

Prepared by

HERITAGE SPRINGS

Community Development District

Table of Contents

FINANCIAL STATEMENTS			
Balance Sheet - All Funds	………………………………………………….	Page 1	
Statement of Revenues, Expenditures and Changes in Fund Balances		
General Fund	………………………………………………….	Page 2	
Debt Service Fund(s)	………………………………………………….	Page 3 - 4	
SUPPORTING SCHEDULES			
Investment and Cash Balance Report	………………………………………………….	Page 5	
SunTrust Bank Reconciliation	………………………………………………….	Page 6	
Check Register	………………………………………………….	Page 7	

Heritage Springs

Community Development District

Financial Statements

(Unaudited)

October 31, 2018

HERITAGE SPRINGS
Community Development District									Governmental Funds		
															
			Balance Sheet										
			October 31, 2018										
						SERIES 2006			SERIES 2008						
			GENERAL			DEBT		DEBT SERVICE						
					SERVICE			FUND			TOTAL		
	ACCOUNT DESCRIPTION			FUND			FUND			(REFUNDING)					
	ASSETS															
	Cash - Checking Account	$	134,895	$	-	$	-	$	134,895			
	Investments:															
	Certificates of Deposit - 18 Months			100,385			-			-			100,385			
	Money Market Account			803,629			-			-			803,629			
	Prepayment Account A			-			59			-			59			
	Redemption Fund			-			-			1			1			
	Reserve Fund			-			64,878			8,888			73,766			
	Revenue Fund			-			70,357			41,029			111,386			
													
	TOTAL ASSETS	$	1,038,909	$	135,294	$	49,918	$	1,224,121			
																
	LIABILITIES															
	Accounts Payable	$	4,892	$	-	$	-	$	4,892			
	Accrued Expenses			2,900			-			-			2,900			
																
	TOTAL LIABILITIES			7,792			-			-			7,792			
	FUND BALANCES															
	Restricted for:															
	Debt Service			-			135,294			49,918			185,212			
	Assigned to:															
	Operating Reserves			85,767			-			-			85,767			
	Reserves - Ponds			831,794			-			-			831,794			
	Unassigned:			113,556			-			-			113,556			
													
	TOTAL FUND BALANCES	$	1,031,117	$	135,294	$	49,918	$	1,216,329			
													
	TOTAL LIABILITIES & FUND BALANCES	$	1,038,909	$	135,294	$	49,918	$	1,224,121			

Page 1

HERITAGE SPRINGS
Community Development District											General Fund		
														
	Statement of Revenues, Expenditures and Changes in Fund Balances						
	For the Period Ending October 31, 2018								
				ANNUAL					YTD ACTUAL						
	ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			OCT-18		
				BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
	REVENUES														
	Interest - Investments	$	4,000	$	885	22.13%	$	885			
	Special Assmnts- Tax Collector			399,429			-	0.00%			-			
	Special Assmnts- Discounts			(15,977)			-	0.00%			-			
														
	TOTAL REVENUES			387,452			885	0.23%			885			
	EXPENDITURES														
	Administration														
	P/R-Board of Supervisors			9,000			800	8.89%			800			
	FICA Taxes			689			61	8.85%			61			
	ProfServ-Dissemination Agent			1,000			-	0.00%			-			
	ProfServ-Engineering			55,000			-	0.00%			-			
	ProfServ-Legal Services			5,000			379	7.58%			379			
	ProfServ-Mgmt Consulting Serv			35,874			2,990	8.33%			2,990			
	ProfServ-Property Appraiser			150			-	0.00%			-			
	ProfServ-Special Assessment			7,500			-	0.00%			-			
	ProfServ-Trustee Fees			8,674			4,337	50.00%			4,337			
	ProfServ-Web Site Maintenance			750			750	100.00%			750			
	Auditing Services			5,500			-	0.00%			-			
	Postage and Freight			400			15	3.75%			15			
	Insurance - General Liability			5,512			5,040	91.44%			5,040			
	Printing and Binding			1,000			18	1.80%			18			
	Legal Advertising			1,800			110	6.11%			110			
	Miscellaneous Services			600			45	7.50%			45			
	Misc-Assessmnt Collection Cost			7,989			-	0.00%			-			
	Office Supplies			175			-	0.00%			-			
	Annual District Filing Fee			175			175		100.00%			175			
	Total Administration			146,788			14,720	10.03%			14,720			
	Field														
	Contracts-Lakes			40,000			2,900	7.25%			2,900			
	Electricity - Streetlighting			60,000			4,892	8.15%			4,892			
	R&M-Aquascaping			5,000			-	0.00%			-			
	R&M-Ponds			75,000			-	0.00%			-			
	R&M-Stormwater System			15,000			-	0.00%			-			
	Misc-Contingency			10,000			-	0.00%			-			
	Reserve - Ponds			35,664			-		0.00%			-			
	Total Field			240,664			7,792		3.24%			7,792			
														
	TOTAL EXPENDITURES			387,452			22,512	5.81%			22,512			
	Net change in fund balance	$	-	$	(21,627)	0.00%	$	(21,627)			
	FUND BALANCE, BEGINNING (OCT 1, 2018)			1,052,744			1,052,744								
	FUND BALANCE, ENDING	$	1,052,744	$	1,031,117								

Page 2

HERITAGE SPRINGS
Community Development District	Series 2006 Debt Service Fund		

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending October 31, 2018

			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			OCT-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	-	$	34	0.00%	$	34		
Special Assmnts- Tax Collector			141,027			-	0.00%			-		
Special Assmnts- Discounts			(5,641)			-	0.00%			-		
												
TOTAL REVENUES			135,386			34	0.03%			34		
EXPENDITURES													
Administration													
Misc-Assessmnt Collection Cost			2,821			-		0.00%			-		
Total Administration			2,821			-	0.00%			-		
Debt Service													
Debt Retirement Series A			85,000			-	0.00%			-		
Interest Expense Series A			42,525			-		0.00%			-		
Total Debt Service			127,525			-		0.00%			-		
												
TOTAL EXPENDITURES			130,346			-	0.00%			-		
Excess (deficiency) of revenues													
Over (under) expenditures			5,040			34	0.00%			34		
OTHER FINANCING SOURCES (USES)													
Contribution to (Use of) Fund Balance			5,040			-	0.00%			-		
												
TOTAL FINANCING SOURCES (USES)			5,040			-	0.00%			-		
Net change in fund balance	$	5,040	$	34	0.00%	$	34		
FUND BALANCE, BEGINNING (OCT 1, 2018)			135,260			135,260							
FUND BALANCE, ENDING	$	140,300	$	135,294							

Page 3

HERITAGE SPRINGS
Community Development District	Series 2008 Debt Service Fund (Refunding)		

Statement of Revenues, Expenditures and Changes in Fund Balances

For the Period Ending October 31, 2018

			ANNUAL					YTD ACTUAL					
ACCOUNT DESCRIPTION			ADOPTED		YEAR TO DATE		AS A % OF			OCT-18		
			BUDGET			ACTUAL		ADOPTED BUD			ACTUAL		
REVENUES													
Interest - Investments	$	-	$	22	0.00%	$	22		
Special Assmnts- Tax Collector			94,045			-	0.00%			-		
Special Assmnts- Discounts			(3,762)			-	0.00%			-		
												
TOTAL REVENUES			90,283			22	0.02%			22		
EXPENDITURES													
Administration													
Misc-Assessmnt Collection Cost			1,881			-		0.00%			-		
Total Administration			1,881			-	0.00%			-		
Debt Service													
Principal Debt Retirement			75,000			-	0.00%			-		
Interest Expense			11,448			-		0.00%			-		
Total Debt Service			86,448			-		0.00%			-		
												
TOTAL EXPENDITURES			88,329			-	0.00%			-		
Excess (deficiency) of revenues													
Over (under) expenditures			1,954			22	0.00%			22		
OTHER FINANCING SOURCES (USES)													
Contribution to (Use of) Fund Balance			1,954			-	0.00%			-		
												
TOTAL FINANCING SOURCES (USES)			1,954			-	0.00%			-		
Net change in fund balance	$	1,954	$	22	0.00%	$	22		
FUND BALANCE, BEGINNING (OCT 1, 2018)			49,896			49,896							
FUND BALANCE, ENDING	$	51,850	$	49,918							

Page 4

Heritage Springs

Community Development District

Supporting Schedules

October 31, 2018

HERITAGE SPRINGS

Community Development District

Cash and Investment Report

October 31, 2018

General Fund

Account Name	Bank Name	Investment Type	Maturity	Yield		Balance	
Checking Acct - Operating	SunTrust Bank	Public Funds NOW	n/a	1.51%	$	134,895	
CD #4194	BankUnited	18 mo Fixed Rate CD	12/01/18	1.20%		100,385	
Public Funds Money Market	Bank United	MMA - #0143	n/a	1.30%		803,629	
				GF Total	$	1,038,909	

Debt Service Funds

Account Name	Bank Name	Investment Type		Maturity	Yield		Balance		
Series 2006 Prepayment A	US Bank	Government Obligation Fund		n/a	1.73%	$	59		
Series 2006 Reserve Fund	US Bank	US Bank Open-End CP	5/1/2019	0.00%		64,878		
Series 2006 Revenue Fund	US Bank	US Bank Open-End CP	5/1/2019	0.00%		70,357		
					DS 202 subtotal		135,294		
Series 2008A	Redemption	US Bank	US Bank Open-End CP	5/1/2019	0.00%		1		
Series 2008A	Debt Svc Rsrv	US Bank	Government Obligation Fund		n/a	1.73%		8,888		
Series 2008A	Revenue Fund	US Bank	US Bank Open-End CP	5/1/2019	0.00%		41,029		
					DS 203 subtotal		49,919		
						DS Total	$	185,213		
				Total Cash & Investments				
					$	1,224,122		

Page 5

Heritage Springs CDD

Bank Reconciliation

Bank Account No.	1900	SunTrust Bank N.A. - GF	
Statement No.	10-18		
Statement Date	10/31/2018		

G/L Balance (LCY)	134,895.35	Statement Balance	143,986.18					
	G/L Balance	134,895.35	Outstanding Deposits	0.00					
Positive Adjustments	0.00	Subtotal						
			143,986.18					

	Subtotal	134,895.35	Outstanding Checks	9,090.83					
Negative Adjustments	0.00	Differences	0.00					
Ending G/L Balance		Ending Balance						
									
	134,895.35		134,895.35					
	Difference	0.00							
Posting	Document	Document	Description	Amount	Cleared	Difference		
Date	Type	No.			Amount			
Outstanding Checks									
10/26/2018	Payment	002138	BLUE WATER AQUATICS, INC	2,900.00	0.00	2,900.00		
10/30/2018	Payment	002140	INFRAMARK, LLC	3,759.63	0.00	3,759.63		
10/30/2018	Payment	002141	JMT	2,052.50	0.00	2,052.50		
10/30/2018	Payment	002142	STRALEY ROBIN VERICKER	378.70	0.00	378.70		
Total Outstanding Checks......................................................................................................................		9,090.83		9,090.83		

Page 6

HERITAGE SPRINGS
Community Development District

Payment Register by Fund

For the Period from 10/1/2018 to 10/31/2018 (Sorted by Check / ACH No.)

Fund	Check /	Date	Payee	Invoice No.	Payment Description	Invoice / GL Description	G/L Account #	Amount		
No.	ACH No.							Paid		

GENERAL FUND - 001

001	002130	10/05/18	STRALEY ROBIN VERICKER	16192	8/21-9/15/18 LEGAL SVCS	ProfServ-Legal Services	531023-51401	$30.00		
001	002131	10/05/18	TIMES PUBLISHING COMPANY	684798	FY19 MEETING SCHEDULE	Legal Advertising	548002-51301	$110.00		
001	002132	10/12/18  DEPT OF ECONOMIC OPPRTY	71657	FY 18/19 DISTRICT FILING FEE	Annual District Filing Fee	554007-51301	$175.00		
001	002133	10/12/18	US BANK	5131000	Ser 2006A 9/1/18-8/31/19	ProServ-Trustee Fees	531045-51301	$4,336.94		
001	002138	10/26/18  BLUE WATER AQUATICS, INC	24440	9/7/18 AQUATIC SRV	Contracts-Lakes	534084-53901	$2,900.00		
001	002139	10/26/18	FEDEX	6-339-12808	10/8/18 POSTAGE	Postage and Freight	541006-51301	$13.13		
001	002140	10/30/18	INFRAMARK, LLC	35093	10/18 MGMT FEES	ProfServ-Mgmt Consulting Serv	531027-51201	$2,989.50		
001	002140	10/30/18	INFRAMARK, LLC	35093	10/18 MGMT FEES	Postage and Freight	541006-51301	$1.88		
001	002140	10/30/18	INFRAMARK, LLC	35093	10/18 MGMT FEES	Printing and Binding	547001-51301	$18.25		
001	002140	10/30/18	INFRAMARK, LLC	35093	10/18 MGMT FEES	ProfServ-Web Site Maintenance	531094-51301	$750.00		
001	002141	10/30/18	JMT	29-127205	8/26-9/29/18 GEN ENGINEERING	ProfServ-Engineering	531013-51501	$2,052.50		
001	002142	10/30/18	STRALEY ROBIN VERICKER	16269	9/24-10/15/18 LEGAL SVCS	ProfServ-Legal Services	531023-51401	$378.70		
001	1004	10/05/18	HERITAGE SPRINGS CDD	100418-0143	REPLENISH SUNTRUST ACCOUNT	Cash in Bank	101000	$75,000.00		
001	DD124	10/05/18	DUKE ENERGY - ACH	091218-45492	8/13-9/12/18 ELEC>ACH 10.4.18	Electricity - Streetlighting	543013-53901	$4,870.51		
001	DD125	10/05/18	DUKE ENERGY - ACH	082418-46318 ACH	8/7-8/24/18 PUMP ELEC ACH	12161 WALSTONE CT PUMP	549900-53901	$86.71		
001	002134	10/17/18	STEVEN WERTOVITCH	PAYROLL	October 17, 2018 Payroll Posting			$184.70		
001	002135	10/17/18  JOSEPH V. DE POMPA	PAYROLL	October 17, 2018 Payroll Posting			$184.70		
001	002136	10/17/18	GEORGE KACHAVOS	PAYROLL	October 17, 2018 Payroll Posting			$184.70		
001	002137	10/17/18	LESLIE C. ELWONGER	PAYROLL	October 17, 2018 Payroll Posting			$154.70		
							Fund Total			
								$94,421.92		

							Total Checks Paid	$94,421.92		

Page 7