Heritage Springs Community Development District

June 15, 2026
Revised Agenda Package

11555 HERON BAY BLVD, SUITE 201 CORAL SPRINGS, FL 33076

Page 1

Heritage Springs Community Development District

Board of Supervisors	District Staff	
Steven Wertovitch, Chairman	Howard Neal, District Manager	
Joe DePompa, Vice Chairperson	Cari Webster, District Counsel	
Robert Johnstone, Assistant Secretary	Robert Dvorak, District Engineer	
Gary Rider, Assistant Secretary	Jason Liggett, Field Service Manager	
Richard Waugh, Assistant Secretary	Sandra MacGregor, District Accountant	
	Melissa Williams, District Admin	
Revised Regular Meeting Agenda	
Monday, June 15, 2026, at 2:30 p.m.	
The Regular Meeting of the Heritage Springs Community Development District will be held on June 15, 2026, at the Heritage Springs Community Clubhouse, 11345 Robert Trent Jones Parkway, New Port Richey, FL, 34655 at 2:30 p.m. Please let us know at least 24 hours in advance if you are planning to call into the meeting. Following is the Agenda for the Meeting:

THE REGULAR MEETING OF BOARD OF SUPERVISORS
CALL TO ORDER/ROLL CALL
PUBLIC COMMENTS
(Each individual has the opportunity to comment and is limited to three (3) minutes for such comment)
BUSINESS ITEMS
Approval of the Regular Meeting Minutes held on May 18, 2026	Page 3
Consideration of Resolution 2026-05; Removing and Redesignating New Secretary	Page 10
STAFF REPORTS
District Accountant
Approval of May 2026 Financial Statements	Page 11
Review of Cash Flow Analysis as of June 3, 2026…	Page 24
District Engineer
District Manager
Inframark Maintenance Solutions Overview	Page 25
MAINTENANCE ITEMS
BOARD OF SUPERVISORS REQUESTS AND COMMENTS
ADJOURNMENT

The next meeting is scheduled for July 20, 2026, at 2:30 p.m.

Page 2

MINUTES OF MEETING HERITAGE SPRINGS
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Heritage Springs Community
Development District was held on Monday, May 18, 2026, and called to order at 2:30 p.m. at the
Heritage Springs Community Clubhouse, 11345 Robert Trent Jones Parkway, New Port Richey,

4	Florida.		
5			
6	Present and constituting a quorum were:		
7			
8	Steven Wertovitch	Chairperson	
9	Joe DePompa	Vice Chairperson	
10	Gary Rider	Assistant Secretary	
11	Richard Waugh	Assistant Secretary	
12	Robert Johnstone	Assistant Secretary	
13			
14	Also, present were either in person, video (TEAMs) or voice conference call: 15

Howard Neal
Mark Vega
Robert Dvorak
Brenda Burgess
Katelyn Sutter
21
22
23

District Manager
Client Relations Manager District Engineer
Finance Director, Inframark (via remotely) Finance Supervisor, Inframark (via remotely)

This is not a certified or verbatim transcript but rather represents the context and
summary of the meeting. The full meeting is available in audio format upon request. Contact
the District Office for any related costs for an audio copy.
27
FIRST ORDER OF BUSINESS	Call to Order and Roll Call
Mr. Neal called the meeting to order, and a quorum was established. 30
SECOND ORDER OF BUSINESS	Audience Comments
There were no audience comments. 33
THIRD ORDER OF BUSINESS	Business Administration
A. Presentation of Bond Payoff Process
Ms. Burgess provided an overview of the bond payoff information included in the agenda. Mr.
DePompa commented that the Board had not been informed of the bond payoff at maturity. Mr.
Wertovitch began reading an email from Ms. Montagna, after which Mr. Neal continued reading the

Heritage Springs CDD May 18, 2026, Meeting

correspondence. The email stated that the remaining balance of $211,965.45 in the trust accounts was
transferred to the Valley operating account on May 5, 2026. Of that amount, $141,027.30 will be
refunded to the 710 property owners who paid the debt through the November tax bill. It was noted
that approximately seven property owners still have outstanding balances totaling about $1,400,
which will be added to the $211,965 once all payments have been collected. Finance cannot identify
the owners who made payments. At this time, finance must wait until the payments are 100%
collected before making reimbursements. The remaining balance of approximately $70,000 in the
new Valley account may be used for any lawful District purpose. Mr. DePompa asked who would
receive the refunds, and Ms. Burgess explained that if ownership of a property had changed, the
current homeowner would receive the refund, as the debt is attached to the property.

On	MOTION	by	Mr.	Johnstone,	seconded	by	Mr. Wertovitch, with all in favor, the Board approved to refund
$196.63 to the homeowner of record. 5-0

49
50
51
52
Mr. Wertovitch asked whether a process had been established for issuing the refunds, and Ms.
Burgess responded that checks would be mailed with a supporting cover letter, with Inframark
working alongside Mr. Wertovitch on the letter. Mr. Waugh commented that while bond payoffs had
been handled more effectively in the past, this process could have been managed better. Ms. Burgess
acknowledged that improvements could have been made, and further discussion followed. It was also
noted that approximately $72,000 would return to the operating account.
Additional discussion took place regarding the status of the assessment collections, with Mr. Vega
reporting that 99% of the assessments had been collected. 61
B. Approval of Regular Meeting Minutes held on April 20, 2026
Mr. DePompa commented that on page 15 of the agenda, the accrued amount listed was
$112,706, while the amount for the current month was $162,793. Mr. Neal reviewed the Finn
Outdoor invoice with Mr. DePompa, which reflected the payments made to Finn Outdoor as well as
the remaining balance requested. Mr. Wertovitch stated that the Board should receive the bill first,
after which he would confirm payment, and Mr. Neal agreed to work with him on this process. Mr.
Johnstone and Mr. Wertovitch also requested that reimbursement records for certain Staples
purchases and hat purchases be reviewed, and Mr. Neal stated that follow-up would be conducted to
determine what reimbursements had already been processed.

2

	Heritage Springs CDD	
	May 18, 2026, Meeting	
71		
72	On MOTION by Mr. Waugh, seconded by Mr. Johnstone	
73	with all in favor, the Meeting Minutes for April 20, 2026,	
74	was approved. 5-0	
75
76		
77	C. Consideration of Resolution 2026-04; Approving Proposed Budget and Setting Public	
78	Hearing	
79	Mr. Neal reviewed the line items to which the $10 increase had been applied. Mr. DePompa	
80	responded that the $10 increase should instead be applied to the pond line item, resulting in an	
81	additional $13,370 allocated to that category. The Board then discussed the possibility of reducing the	
82	Interest Investments line item. However, the Board ultimately decided to maintain the amount at	
83	$40,000. Further discussion focused on ensuring that the line items reflected in the financial	
84	statements matched those included in the budget. The Board directed that “Pond Bank Point Repairs	
85	& Maintenance” be revised to remove “Point,” and that the “R&M Stormwater System” line item be	
86	updated to “Weir and Wetland Maintenance,” while also removing “ProfServe Wetlands.”	
87	It was confirmed that all of these revisions had been incorporated into the proposed budget. The	
88	Board also requested that the supporting increase letter specifically emphasize the $10 increase to	
89
90	residents and clarify that the increase represents an annual amount.	
91	On MOTION by Mr. Johnstone, seconded by Mr. DePompa	
92	with all in favor, the Board approved Resolution 2026-04;	
93	Approving Proposed Budget and Setting Public Hearing.	
94	5-0	
95
96	
A brief discussion of the Ponds ensued.	
97		
98		
99
100	D. Announcing of the Registered Voter Count	
101	This is just for informational purposes and there are 2016 registered voters within the	
102	District.	
103		
104	FOURTH ORDER OF BUSINESS	Staff Reports	
105	A. District Accountant	
106	i. Approval of April 2026 Financial Statements	
107		
3

Heritage Springs CDD May 18, 2026, Meeting

108
109
110
1112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143

On MOTION by Mr. DePompa, seconded by Mr. Johnstone with all in favor, the April 2026 Financial Statement was approved. 5-0

B. District Engineer
Mr. Dvorak provided an update on the work being completed by Finn Outdoor. Mr. Rider commented that Finn had done an excellent job on a recent project, which led to further discussion regarding the work performed and the techniques utilized. Mr. Dvorak also discussed establishing a process for the Board to review projects before drawings are finalized and stated that he would bring the relevant materials to the next meeting for Board review.
Additional discussion followed regarding a pond assessment request focused only on the areas directly behind residents’ homes rather than the entire pond. Robert confirmed that photos would be taken of the remaining ponds to document the current conditions, particularly due to the unusually low water levels. Mr. Johnstone asked whether Mr. Dvorak had a cost estimate for completing the assessments, and he responded that each pond assessment would require approximately 2 to 2 and 1/2 hours to complete and should ideally be finished before the rainy season begins. Mr. Waugh suggested establishing a not-to-exceed amount for completing the assessments and photographs, while also recommending that efforts focus on areas that had not previously been documented. Mr. Dvorak estimated that the cost to obtain updated photos would be approximately $3,000, which prompted additional discussion, including Mr. Wertovitch’s request for an aerial overlay. Mr. Waugh then questioned the overall importance of the photos, and Mr. Dvorak explained that the documentation becomes essential when additional repair or maintenance work is needed in the future.

On MOTION by Mr. Johnstone, seconded by Mr. Waugh with all in favor, the Board approved a NTE amount of
$3,000 for the photos in accordance with the pond evaluation and maintenance report. 5-0

Robert further stated that, in consideration of the current budget cycle, rates would remain unchanged through 2026, although he anticipated a 3% to 4% increase for Fiscal Year 2027. Additional discussion regarding ongoing repair work followed.

Heritage Springs CDD May 18, 2026, Meeting

C. District Manager
Mr. Neal informed the Board that the next meeting was scheduled for June 15 at 2:30 p.m.
Mr. Johnstone requested that, going forward, a formal meeting invitation be sent to the Board
along with the agenda package rather than only distributing the information by email, allowing
Board members to respond directly to the meeting invite.
The Board also directed that the financial statements and invoices be removed from the agenda.
Additionally, Mr. Johnstone requested that the meeting schedule include a line indicating when

On MOTION by Mr. Rider, seconded by Mr. Johnstone with all in favor, the Board approved the Ratification of Estimate #1140 for Drain Repair that was completed last Wednesday for $850. 5-0

the agenda package will be distributed. 152
153
154
155
156
157
158
FIFTH ORDER OF BUSINESS	Maintenance Items
Mr. DePompa provided the Board with an update on maintenance items related to the ongoing
pond work, followed by Board discussion. During the discussion, Mr. Neal requested that Mr.
DePompa provide the data sheet referenced in his update. Mr. Wertovitch also requested that
Finn Outdoor provide a proposal for repair work to the gabion at Pond 161-B, noting that the
proposal had previously been requested but not yet received. Mr. Wertovitch recalled that the

On MOTION by Mr. Johnstone, seconded by Mr. DePompa with all in favor, the Board approved a NTE amount of
$35,000 for repairs behind the gabion at Pond 161-B. 5-0

estimated cost of the repair was approximately $30,000, and additional discussion followed. 166
167
168
169
170
Mr. DePompa then continued with his maintenance update. Mr. Rider stated that an additional

On MOTION by Mr. Rider, seconded by Mr. Johnstone with all in favor, the Board approved a NTE amount of $1,000 for the purchase of one cast iron grate measuring 53" x 36". 5-0

grate was needed near the driving range. 173
174
175
176
177

Heritage Springs CDD May 18, 2026, Meeting

Joe concluded by continuing his update regarding projected maintenance expenditures and
amounts already spent.
SIXTH ORDER OF BUSINESS	Board	of	Supervisors’	Requests	or
Comments
Mr. Waugh asked who would be signing Resolution 2026-04, which was followed by Board
discussion.
Mr. Johnstone then relayed a request from Joe Davis regarding an inlet located behind several
homes adjacent to a wetland area, and explained that the inlet has an approximately 6-inch-deep
and 6-foot-wide gap that requires a cover, prompting discussion regarding the type of structure and
appropriate repair method. Mr. Johnstone also provided a handout outlining a potential solution for
the Board’s review. Mr. Dvorak suggested that Finn Outdoor review the issue while onsite, noting
that the drain had previously been covered with sod. The structure was identified as Control
Structure 51, located behind 1220 Winding Willow Road. Mr. Dvorak stated that a plate cover
would be necessary for the gap and recommended the use of angle iron or galvanized steel for
durability. Robert indicated that he would work toward resolving the issue, although DM could
also inspect the area.
Mr. Vega commented that he had received a response from Mr. Johnstone with Finn Outdoor
confirming that the previously quoted price of $30,000 for the gabion work would be honored and
that the work could likely be completed within four to six weeks. Additional discussion followed,
and Mr. Johnstone was directed to send an updated estimate with the current date to Mr.
Wertovitch by Tuesday.
Mr. Wertovitch also provided an update regarding erosion at Pond 161-C, noting that repairs had
not yet been completed. He explained that the area borders the Villages of Trinity Lakes
community and that water was flowing from a resident’s yard and washing out the bank, and stated
that two French drains originating from a resident’s property were believed to be the cause.
Although the drains had been removed, erosion continued to occur. The Board discussed whether
responsibility for the affected property fell under the CDD or HOA and ultimately confirmed that
it was HOA property. Mr. Vega suggested that the HOA’s attorney send a letter regarding the
issue, and further discussion followed. Mr. Wertovitch stated that he would visit the area with
Dave from the HOA to review the conditions.

Heritage Springs CDD May 18, 2026, Meeting

Mr. Wertovitch also advised that a resident had requested permission to add plants to Pond 151-B,
located near the estate homes section of the community, and stated that he would contact Clearvue
to determine what could appropriately be planted in the area.
In addition, Mr. Wertovitch commented on concerns regarding downspouts and water discharging
into a pond, although the exact location was uncertain. Mr. DePompa suggested regrading or
crowning the ground to help slow the discharge of water into the pond.
Mr. Johnstone then commented on water overflow issues at Pond 171-D, and additional discussion
followed.
216
217	SEVENTH ORDER OF BUSINESS	Adjournment
218

On MOTION by Mr. DePompa, seconded by Mr. Rider, with all in favor, the meeting was adjourned at 4:57 p.m. 5-0

219	There being no further business, 220
221
222
223
224
225
226
227	Steven Wertovitch
228	Chairperson

RESOLUTION 2026-05
A RESOLUTION REMOVING DAN WENCK AS SECRETARY AND APPOINTING HOWARD NEAL AS SECRETARY OF HERITAGE SPRINGS COMMUNITY DEVELOPMENT DISTRICT

WHEREAS, the Board of Supervisors of Heritage Springs Community Development District desires to remove Dan Wenck as Secretary and appoint Howard Neal as Secretary;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF HERITAGE SPRINGS COMMUNITY DEVELOPMENT DISTRICT:

Dan Wenck is removed as Secretary.
Howard Neal is appointed Secretary.

ADOPTED THIS 15th DAY OF JUNE 2026

Chairman

Secretary

Heritage Springs Community Development District

Financial Report

May 31, 2026

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 - 3	
Debt Service Fund	………………………………………………….	Page 4	

SUPPORTING SCHEDULES

Non-Ad Valorem Special Assessments	………………………………………………….	Page 5	
Cash and Investment Balance Report	………………………………………………….	Page 6	
Bank Reconciliation General Fund	………………………………………………….	Page 7	
Bank Reconciliation Trust	………………………………………………….	Page 8	
O & M Report	………………………………………………….	Page 9	

Heritage Springs
Community Development District

Financial Statements
(Unaudited)

May 31, 2026

HERITAGE SPRINGS
Community Development District

Governmental Funds

						Balance Sheet
May 31, 2026							

ACCOUNT DESCRIPTION		

GENERAL FUND		
SERIES 2006 DEBT SERVICE FUND			

TOTAL	

ASSETS	
Cash - Checking Account
Investments:			$	154,581		$	221,289		$	375,870	
Money Market Account			905,666			-			905,666	
TOTAL	ASSETS				$	1,060,247		$	221,289		$	1,281,536	

LIABILITIES	
Accounts Payable				$	263,858		$	-		$	263,858	
TOTAL	LIABILITIES				263,858			-			263,858	

FUND BALANCES	
Restricted for:	
Debt Service
Assigned to:
Operating Reserves Reserves - Ponds			-

136,346
660,043			221,289

-
-			221,289

136,346
660,043	
TOTAL	FUND	BALANCES			$	796,389		$	221,289		$	1,017,678	
												
TOTAL	LIABILITIES	& FUND	BALANCES		$	1,060,247		$	221,289		$	1,281,536	

HERITAGE SPRINGS
Community Development District

General Fund

	Statement of	Revenues, Expenditures and Changes in Fund
For the Period Ending May 31, 2026	Balances		

ACCOUNT DESCRIPTION	ANNUAL
ADOPTED	YEAR TO DATE	YEAR TO DATE BUDGET		BUDGET		ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES	
Interest - Investments Interest - Tax Collector	$	40,000	$	26,667	$	26,582
-	-	630	$	(85)
630	66.46%
0.00%	
Special Assmnts- Tax Collector Special Assmnts- Discounts	526,441	526,441	523,322
(21,058)	(21,058)	(19,742)	(3,119)
1,316	99.41%
93.75%	
TOTAL	REVENUES	545,383	532,050	530,792	(1,258)	97.32%	

EXPENDITURES	
Administration	
	P/R-Board of Supervisors
FICA Taxes	11,000
842	7,333
561	7,600
520	(267)
41	69.09%
61.76%	
	ProfServ-Dissemination Agent	1,000	-	-	-	0.00%	
	ProfServ-Engineering
ProfServ-Legal Services	55,000
5,000	36,667
3,333	43,710
2,834	(7,043)
499	79.47%
56.68%	
	ProfServ-Mgmt Consulting	39,202	26,135	26,135	-	66.67%	
	ProfServ-Property Appraiser	150	150	-	150	0.00%	
	ProfServ-Special Assessment	7,500	7,500	7,500	-	100.00%	
	ProfServ-Trustee Fees	4,971	4,971	-	4,971	0.00%	
	ProfServ-Web Site Maintenance	750	750	-	750	0.00%	
	Auditing Services	5,800	5,800	5,700	100	98.28%	
	Postage and Freight	400	267	159	108	39.75%	
	nsurance - General Liability Printing and Binding
Legal Advertising	7,000
600
1,600	7,000
400
800	7,666
630
79	(666)
(230)
721	109.51%
105.00%
4.94%	
	Miscellaneous Services	1,900	1,267	413	854	21.74%	
	Misc-Assessment Collection Cost	10,528	10,528	10,073	455	95.68%	
	Office Supplies	100	67	-	67	0.00%	
	Annual District Filing Fee	175	175	175	-	100.00%	
Total Administration	153,518	113,704	113,194	510	73.73%	

Field							
	Contracts-Lakes	45,000	30,000	29,808	192	66.24%	
	Electricity - Streetlights
R&M-Aquascaping	46,600
5,000	31,067
5,000	32,086
-	(1,019)
5,000	68.85%
0.00%	
	Weir and Wetland Maintenance	36,455	24,303	-	24,303	0.00%	
	Misc-Contingency	5,600	3,733	-	3,733	0.00%	
	nfrastructure Repair	60,000	40,000	8,650	31,350	14.42%	
	Pond Bank Repairs & Maintenance	193,210	128,807	415,203	(286,396)	214.90%	
Total Field	391,865	262,910	485,747	(222,837)	123.96%	
						
TOTAL	EXPENDITURES	545,383	376,614	598,941	(222,327)	109.82%	

I

I

HERITAGE SPRINGS
Community Development District

General Fund

Statement of	Revenues, Expenditures and Changes in Fund	Balances		
For the Period Ending May 31, 2026	
			ANNUAL						YTD ACTUAL	
			ADOPTED	YEAR TO DATE	YEAR TO DATE	VARIANCE ($)	AS A % OF	
ACCOUNT DESCRIPTION

Excess (deficiency) of revenues			BUDGET		BUDGET	ACTUAL	FAV(UNFAV)	ADOPTED BUD	
Over (under) expenditures				-		155,436		(68,149)	(223,585)	0.00%	

Net change in fund balance			
$	
-	
$	
155,436	
$	
(68,149)	
$	(223,585)	
0.00%	

FUND BALANCE, BEGINNING (OCT	
1,	
2025)	
864,538		
864,538		
864,538			
FUND BALANCE, ENDING			$	864,538	$	1,019,974	$	796,389			

HERITAGE SPRINGS
Community Development District

Series 2006 Debt Service Fund

Statement of	Revenues, Expenditures and Changes in Fund
For the Period Ending May 31, 2026	Balances		

ACCOUNT DESCRIPTION			ANNUAL ADOPTED
BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES	
Interest - Investments				$	-	$	-	$	4,073	$	4,073	0.00%	
Special Assmnts- Tax Collector				141,027	141,027	140,191	(836)	99.41%	
Special Assmnts- Discounts				(5,641)	(5,641)	(5,289)	352	93.76%	
TOTAL	REVENUES					135,386		135,386		138,975	3,589	102.65%	

EXPENDITURES	
Administration	
	Misc-Assessment Collection	Cost			2,821		2,821		2,698	123	95.64%	
Total Administration					2,821		2,821		2,698	123	95.64%	

Debt Service	
	Debt Retirement Series A					105,000		105,000		110,000	(5,000)	104.76%	
	Interest Expense Series A					5,513		5,513		2,888	2,625	52.39%	
Total Debt Service					110,513		110,513		112,888	(2,375)	102.15%	
												
TOTAL	EXPENDITURES					113,334		113,334		115,586	(2,252)	101.99%	

Excess (deficiency) of revenues Over (under) expenditures					

22,052		

22,052		

23,389	

1,337	

106.06%	

Net change in fund balance				
$	
22,052	
$	
22,052	
$	
23,389	
$	1,337	
106.06%	

FUND BALANCE, BEGINNING (OCT	
1,	
2025)	
197,900		
197,900		
197,900			
FUND BALANCE, ENDING			$	219,952	$	219,952	$	221,289			

Heritage Springs
Community Development District

Supporting Schedules

May 31, 2026

Page 18

HERITAGE SPRINGS

Community Development District

Non-Ad Valorem Special Assessments - Pasco County Tax Collector (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2026

	ALLOCATION BY FUND	
Date Received	Net Amount Received	Discount /
(Penalties) Amount	Collection Costs	Gross
Amount Received	General Fund	
Series 2006
Debt Service	

Assessments Levied					
$	
667,471	
$	
526,444	
$	
141,027	
Allocation %						100%		79%		21%	
11/06/25	$	17,024	$	964	$	347	$	18,335	$	14,461	$	3,874	
11/14/25	$	108,170	$	4,599	$	2,208	$	114,976	$	90,684	$	24,293	
11/20/25	$	95,952	$	4,080	$	1,958	$	101,990	$	80,441	$	21,549	
11/26/25	$	47,989	$	2,036	$	979	$	51,004	$	40,228	$	10,776	
12/05/25	$	229,545	$	9,760	$	4,685	$	243,989	$	192,438	$	51,551	
12/11/25	$	44,246	$	1,854	$	903	$	47,003	$	37,072	$	9,931	
12/18/25	$	19,618	$	715	$	400	$	20,733	$	16,352	$	4,380	
01/09/26	$	20,878	$	655	$	426	$	21,959	$	17,320	$	4,640	
02/11/26	$	12,713	$	287	$	259	$	13,260	$	10,458	$	2,802	
03/12/26	$	7,314	$	75	$	149	$	7,538	$	5,946	$	1,593	
04/09/26	$	19,423	$	6	$	396	$	19,825	$	15,636	$	4,189	
05/12/26	$	2,513	$	-	$	51	$	2,565	$	2,023	$	542	
05/12/26	$	329	$	-	$	7	$	335	$	264	$	71	
TOTAL	$	625,712	$	25,030	$	12,770	$	663,512	$	523,322	$	140,191	
% COLLECTED	99%	99%	99%

TOTAL	OUTSTANDING	$	3,959	$	3,122	$	836	

HERITAGE SPRINGS

Community Development District

Cash and Investment Report
May 31, 2026

General Fund

Account Name	Bank Name	Investment Type	Maturity	Yield		Balance	
Checking Acct - Operating	Valley Bank	Gov't Interest Checking	n/a	3.56%	$	154,581	
Checking Acct - Trust	Valley Bank	Gov't Interest Checking	n/a	3.56%	$	221,289	
Public Funds Money Market	Bank United	MMA - #0143	n/a	3.40%		905,666	
				GF Total	$	1,281,536	

Bank Account Statement

Monday, June 1, 2026
Page 1

Heritage Springs CDD	SMACGREGOR

Bank Account No.	0655		
Statement No.	05/26	Statement Date	05/31/2026	

G/L Account No. 101002 Balance	154,580.67	Statement Balance	159,073.63
Outstanding Deposits	0.00

Positive Adjustments	0.00	Subtotal	159,073.63	
Subtotal	154,580.67	Outstanding Checks	-4,492.96	

Negative Adjustments	0.00

Ending G/L Balance	154,580.67

Ending Balance	154,580.67

Document  Document	Cleared
Posting Date Type	No.	Vendor	Description	Amount	Amount	Difference

Outstanding Checks
04/29/2026	Payment	100127

D & D GRADING INC

Inv: 3779	-3,550.00

05/29/2026	Payment	100130	INFRAMARK LLC	Inv: 179191, Inv: 1168049	-942.96
Total Outstanding Checks	-4,492.96

Outstanding Deposits

Total Outstanding Deposits

Bank Account Statement

Monday, June 1, 2026
Page 1

Heritage Springs CDD	SMACGREGOR

Bank Account No.	6307		
Statement No.	05-26	Statement Date	05/31/2026	
G/L Account No. 101005 Balance	221,288.66	Statement Balance	221,288.66	
		Outstanding Deposits	0.00	
Positive Adjustments	0.00	Subtotal	221,288.66		
Subtotal	221,288.66	Outstanding Checks	0.00		

Negative Adjustments	0.00

Ending G/L Balance	221,288.66

Ending Balance	221,288.66

Document  Document	Cleared
Posting Date Type	No.	Vendor	Description	Amount	Amount	Difference Outstanding Deposits
Total Outstanding Deposits

May 2026 Meeting

Heritage Springs CDD
Summary of Operations and Maintenance Invoices

Vendor	Invoice Date	Invoice/Account Number	Amount	Invoice Total	Vendor Total	Comments/Description	
Miscellaneous	
BRLETIC DVORAK, INC	5/1/2026	2436	$7,095.00			APR 26 ENGINEERING SERVICES	
BUSINESS OBSERVER INC	5/22/2026	26-01181P	$78.75			Notice Of Qualifying Period For Candidates	
CLEARVUE ENVIRONMENTAL LLC	5/1/2026	1207	$3,702.00			MAY 26 POND MAINT	
CONSOLIDATED LAND SERVICES, INC	5/4/2026	00000317	$33,104.99			Pond 191E	
CONSOLIDATED LAND SERVICES, INC	5/18/2026	00000321	$133,481.02			Pond 161A - RFP	
CONSOLIDATED LAND SERVICES, INC	5/18/2026	00000320	$14,901.68			Change Order - Pond 161-A	
CONSOLIDATED LAND SERVICES, INC	5/18/2026	00000322	$3,468.49			Pond 161A	
CONSOLIDATED LAND SERVICES, INC	5/18/2026	00000319	$4,955.56			Pond 191E	
CONSOLIDATED LAND SERVICES, INC	5/18/2026	00000318	$12,817.37		$202,729.11	Pond 161-A _ MES Repair	
DUKE ENERGY	4/17/2026	041726-7138-ACH	$3,911.94			SRV PRD 03 /13-04/14/26	
DUKE ENERGY	5/13/2026	051326-7138-ACH	$3,911.94			BILL PRD 04/15-5/13/26	
DUKE ENERGY	4/30/2026	043026-2604	$33.24		$7,857.12	BiLL PRD 03/28 - 04/28/26	
FINN OUTDOOR	5/12/2026	3019	$49,680.80			Pond 161F	
INFRAMARK LLC	5/1/2026	178414	$3,266.83			MAY 2026 MGMT FEE	
INFRAMARK LLC	5/14/2026	179191	$90.00			Agenda Packages May 2026	
INFRAMARK LLC	5/14/2026	179191	$2.96	$92.96		April Postage	
INFRAMARK LLC	5/19/2026	1168049	$850.00		$4,209.79	Storm Drain Repair	
STRALEY ROBIN VERICKER	5/12/2026	28330	$362.00			LEGAL SERVICES THRU APR 26	
Miscellaneous Subtotal	$275,714.57				
	
TOTAL			$275,714.57				

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9

Heritage Springs CDD		
Cash Flow Projection 6/3/2026		
	Balances	Interest Rate	
Operating Account - Valley National Bank	407,547.17	3.56%	
MM Account - Bank United	652,665.81	3.40%	
Less: Current Outstanding AP		(263,975.79)		
Estimated Cash Available Today		796,237.19 		
Outstanding FY26 Tax Roll	3,959.00		
Estimated Total Cash Available with Tax Roll		800,196.19 		

Projections:			
Monthly Average Spend (October - May)	66,549.00		
Total Monthly Average Spend		66,549.00 		

Average Spend to YE (6 months May -September)	
199,647.00		
Expected Cash Flow at YE (9/30/26)		600,549.19 		

Average Spend 1st QTR FY27 (2 mos avg spend)	
133,098.00		

Expected Need through 1st QTR FY27
*tax roll revenue for the new FY is received in December	467,451.19	

This is probably not an accurate amount because does the district plan on having Pond repairs that exceed over the normal monthly maintenance amount in the first quarter of FY27?

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HERITAGE SPRINGS COMMUNITY DEVELOPMENT DISTRICT

District Manager Report – May 2026

The next Board meeting is on July 20, 2026, at 2:30pm.
Reminder, 2025 Form 1's are due by July 1st, 2026.

Page 25