Falcon Trace Community Development District

Agenda January 17, 2018

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Falcon Trace
Community Development District
135 W. Central Blvd., Suite 320, Orlando, FL 32801
Phone: 407-841-5524- Fax: 407-839-1526

January 10, 2018
Board of Supervisors Falcon Trace Community Development District
Dear Board Members:
The regular meeting of the Board of Supervisors of Falcon Trace Community Development District will be held Wednesday, January 17, 2018 at 6:00 PM at the Big Hawk Lake Recreation Center, 13600 Big Hawk Lake Drive, Orlando, Florida. Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Approval of the Minutes of the October 18, 2017 Meeting
Ratification of Agreement with Grau & Associates to Perform Auditing Services for Fiscal Year 2017
Consideration of Second Amendment to Sharks & Minnows Contract
Staff Reports
Attorney
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager's Report
Supervisor's Requests
Adjournment

The second order of business of the Board of Supervisors meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.
The third order of business is the approval of the minutes from the October 18, 2017 meeting. The minutes are enclosed for your review.
The fourth order of business is the ratification of agreement with Grau & Associates to perform auditing services for Fiscal Year 2017. A copy of the agreement is enclosed for your review.
The fifth order of business is the consideration of the second amendment to Sharks & Minnows  contract. A copy of the amendment is enclosed for your review.

Section B of the sixth order of business is the District Manager's Report. Section 1 includes the check register being submitted for approval and Section 2 includes the balance sheet and income statement for your review. Section 3 is the Field Manager's Report, which will be presented at the meeting.

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.

Sincerely,

Jason M. Showe District Manager

CC:	Mike Eckert, District Counsel Lindsay Whelan, District Counsel Darrin Mossing, GMS

Enclosures

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MINUTES OF MEETING FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT

The recessed meeting of the Falcon Trace Community Development District Audit Committee on August 16, 2017 was reconvened on Wednesday, October 18, 2017 at 6:00 p.m. at the Big Hawk Lake Recreational Center, 13600 Hawk Lake Drive, Orlando, Florida.

Present were:
Sara Hurst Kathy Stark
Sue Marchesi Baron Carole Miller
Felix Kutlik Jason Showe
Mike Eckert (by phone) Alan Scheerer

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the reconvened meeting of the Audit Committee to order and called the
roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the August 16,
2017 Meeting

On MOTION by Ms. Hurst seconded by Ms. Stark with all in favor the minutes of the August 16, 2017 Audit Committee meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Tally	of	Audit	Committee	Member's
Rankings and Selection ofan Auditor
Mr. Showe stated we received score sheets from all of the committee members and we
compiled those rankings as follows: Grau & Associates no. 1, Berger, Toombs, Elam, Gaines & Frank no. 2, McDirmit Davis no. 3, Carr, Riggs & Ingram no. 4.

October I 8, 20 I 7	Falcon Trace CDD

On MOTION by Ms. Hurst seconded by Ms. Miller with all in favor the ranking as read into the record was approved.

On MOTION by Ms. Stark Seconded by Ms. Baron With all in favor the Audit Committee meeting adjourned at 6:02 p.m.

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MINUTES OF MEETING FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Falcon Trace Community Development District was held on Wednesday, October 18, 2017 at 6:03 p.m. at the Big Hawk Lake Recreational Center, 13600 Hawk Lake Drive, Orlando, Florida.

Present and constituting a quorum were: Sara Hurst
Carole Miller
Kathy Stark
Sue Marchesi Baron Felix Kutlik

Also present were: Jason Showe
Mike Eckert Alan Scheerer

FIRST ORDER OF BUSINESS

Chairperson Vice Chairperson
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager
District Counsel (by phone) Field Manager

Roll Call

Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the August 16,
2017 Meeting

On MOTION by Ms. Stark seconded by Ms. Miller with all in favor the minutes of the August 16, 2017 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Acceptance	of	the	Audit	Committee's
Recommendation and Selection of #1 Ranked Firm to Provide Auditing Services for Fiscal Year 2017

October I 8, 2017	Falcon Trace CDD

Mr. Showe stated just prior to this meeting we held an Audit Committee meeting at which the Committee ranked Grau & Associates as the no. 1 ranked firm, Berger Toombs ranked no. 2, McDirmit Davis ranked no. 3 and Carr Riggs & Ingram ranked no. 4. You can accept those rankings and authorize the District Manager to execute the audit agreement and we will bring it back for ratification at the January meeting.

On MOTION by Ms. Hurst seconded by Ms. Miller with all in favor the Audit Committee's recommendation of Grau & Associates being ranked no. 1 was accepted and the District Manager was authorized to execute the engagement letter for the Fiscal Year 2017 audit.

FIFTH ORDER OF BUSINESS	Consideration	of	Non-Ad	Valorem
Assessment Administration Agreement with the Orange County Property Appraiser
Mr. Showe stated the next item is an agreement with the Orange County Property
Appraiser to place our assessments on the tax bill. The fee is the same as it was last year.

On MOTION by Ms. Hurst seconded by Ms. Stark with all in favor the agreement for non-ad valorem assessment administration with the Orange County Property Appraiser was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Manager
Approval of Check Register

On MOTION by Ms. Baron seconded by Ms. Hurst with all in favor the check run summary in the amount of $68,380.65 was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

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October 18, 2017	Falcon Trace COD

Field Manager's Report
Mr. Scheerer gave an overview of the pre-storm and post-storm efforts by staff and by the pool provider who brought in nine employees to clean the pool post-storm.

SEVENTH ORDER OF BUSINESS	Supervisor's Requests
Ms. Hurst asked did we get an estimate on moving the power?
Mr. Scheerer stated we have last year's estimate and I talked to Terry's Electric and it is about $3,500 to reroute the electric and put the timer in the maintenance room. Unfortunately, the electricians are tied up with storm damage and we will put this item on the January agenda for Board action.
Mr. Showe stated the next meeting is January 17, 2018.

On MOTION by Ms. Hurst seconded by Ms. Miller with all in favor the meeting adjourned at 6: 19 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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� Grau& Associates
CERTIFIED PUBLIC ACCOUNTANTS

October 31, 2017

2700 North Military Trail • Suite 350 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

To Board of Supervisors
Falcon TraceCommunity Development District 135 WCentral Blvd., Suite 320
Orlando, Florida 32801
We are pleased to confirm our understanding of the services we are to provide Falcon TraceCommunity Development District, OrangeCounty, Florida ("the District') for the fiscal year ended September 30, 2017. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Falcon TraceCommunity Development District as of and for the fiscal year ended September 30, 2017. In addition, we will examine the District's compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2017 audit.
Accounting standards generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement the District's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District's RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management's Discussion and Analysis.
Budgetary comparison schedule Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by theComptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District's financial statements. We cannot provide assurance that an unmodified opinion will be expressed.Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of­ matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Falcon Trace Community Development District
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Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance withFlorida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State ofFlorida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District's compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and theFlorida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other­ matter paragraphs. If our opinion on the District's compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibllltles
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management's responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218. 415 in the management representation letter.Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying infonnation in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements,
(2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant

Falcon Trace Community Development District
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findings and recommendations resulting from those audits, attestati on engagements, performance audits, or other studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to using the audit's report, you understand that you must obtain our prior written consent to reproduce or use our report in bond offeri ng official statements or other documents.

With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Audit Procedures-General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgm ent about the number of transactions to be exami ned and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1 ) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by m anagement or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures-Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures-Compliance
As part of obtaining reasonable assurance about whether the financial statem ents are free of material misstatement, we will perform tests of the District's compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation arid appropriate individuals will

Falcon Trace Commun ity Development District
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be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.
Our fee for these services will not exceed $3, 100, $3, 200, $3, 300. $3, 400, and $3,500 for the September 30, 2017, 2018, 2019, 2020 and 2021, audits respectively, u nless there is a change in activity by the District which results in additional audit work or if Bonds are issued.
The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are a ware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.
Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

This agreement is automatically renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2016 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Falcon Trace Community Development District and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau RESPONSE:
This letter correctly sets forth the understanding of Falcon Trace Community Development District. By:  -----------------
Title:   	
Date:   	

AIC��
PEER REVIEW P·ROGRAM
is proudto present this·
Certificate of Recognition
to

Gra:u. & Ass:o.oiates:

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For having u system ofquality controlfor.its accounting.and iiuditing practice. in effect for they�ar· ended June 30, 2016 whicfrhas-.been-designed to tneet th�:requirements·ofthe quality ccm  o1 stafid�ds

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for an accourtthrg and·au�iting_J>ractice, estttblished, by'1he AlCPA and whi�.h. was complieqyvitl1during tlte year then ended;to provide the>tinn with reasonable assurance·of cortfotrn:ittg wi.tll prQf1;:ssional .iitan�ar(ls.

A11itaFare/, Chair:
AiCPA PeerReviewJJaarcl
'2016

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SECOND AMENDMENT TO SWIM PROGRAM LICENSE AGREEMENT BETWEEN FALCON TRACE COMMMUNITY DEVELOPMENT DISTRICT AND SHARKS AND MINNOWS SWIM SCHOOL, INC.

This Second Amendment (the "Second Amendment") is made and entered into as of this 1ih day ofJanuary 2018, by and between:
Falcon Trace Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in Orange County, Florida, whose address is 135 West Central Boulevard, Suite 320, Orlando, Florida 32801 (the "District"); and
Sharks and Minnows Swim School, Inc., a Florida corporation, whose address is 4201 Roanne Drive, Orlando, Florida 32817 (the "Licensee").
RECITALS

WHEREAS, the District owns, operates and maintains certain recreational facilities, including a swimming pool facility, located at 13600 Hawk Lake Drive, Orlando, Florida 32837 (hereinafter referred to as the "Pool Facilities"); and
WHEREAS, the District and the Licensee previously entered into that certain Swim Program License Agreement dated March 16, 2016 which provides the Licensee with the ability to use the District's swimming pool facility for the purpose of conducting swimming lessons (the "Agreement"), a copy of which is attached hereto as Exhibit A and incorporated herein by reference; and
WHEREAS, Section 2 of the Agreement provides for the renewal of the Agreement for up to two (2) additional swim seasons;
WHEREAS, Section 16 ofthe Agreement provides that the Agreement may be amended by an instrument in writing executed by both parties;
WHEREAS, the Agreement has been renewed once prior on March 2 1, 2017 for one ( 1) oftwo (2) additional swim seasons (the "First Amendment"), a copy ofwhich is attached hereto as Exhibit B and incorporated herein by reference; and
WHEREAS, the parties now desire to renew their mutual obligations under the Agreement for one (1) additional year, and to amend the terms of the Agreement to reflect the same.

NOW THEREFORE, based on good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the District and the Licensee agree as follows:
SECTION 1.	The recitals so stated are true and correct and by this reference are
1

incorporated into and form a material part of this Second Amendment.
SECTION 2. The Agreement is hereby affirmed and continues to constitute a valid and binding agreement between the parties. Nothing herein shall modify the rights and obligations of the parties under the Agreement. All of the remaining provisions remain in full effect and fully enforceable.
IN WITNESS WHEREOF, the parties execute this Second Amendment on the day and year first written above.

Attest:

Secretary/Asst. Secretary

Attest:

Print Name of Witness

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors.

SHARKS AND MINNOWS SWIM
SCHOOL, INC., a Florida corporation

By:	Its:------------

Exhibit A:	Swim Program License Agreement
Exhibit B:	First Amendment to Swim Program License Agreement

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EXHIBIT A
Swim Program License Agreement

Exhibit B
First Amendment to Swim Program License Agreement

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Falcon Trace
Community Development District
Check Register Summary
October  11, 2017 to January 09, 2018

Fund
General Fund

Date	Check No.'s
10  12/17	3636-3637
10/ 19/ 17	3638-3641
10/23/ 17	3642
11 /2/17	3643-3644
11 /8/17	3645-3649
11 / 16/17	3650
11 / 17/ 17	3651-3653
12 /1/17	3654
12/7/17	3655
12/8/17	3656-3658

12/ 19/ 17	3660	$	10,813.94	
12/21/17	3661	$	80.85	
1/4/17	3662	$	176,529.89	
		$	353,655.98	

12/ 13/ 17	3659

Amount
$	2,504.35
$	2,085.55
$	6,338.81
$	6,226.86
$	8,235.60
$	30.00
$	41,719.14
$	1,686.00
$	6,298.66
$	3,418.60
$	87,687.73

$	3s3,6ss.9s 1

A*P*3*0C0RHECK  DATES   10/11/ 2017   -   01 /09/201 Y8 EA* R* *-TO-DATEFAALCCONUNTRAPCAEYACDBDLE-GPRENEPEARAILD/FCUONMDPUTER  CHECK  REGISTER	RUN	1/09/18 
BANK  A  FALCON   TRACE CDD

PAGE	1

DATE

CHECK	VEND#	 • • D. A• T• EINVOIINCVEO. I• C• E• •    • Y• R• MEXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS 10/12/17 00019	10/06/17 3391090	201709 310-51300-48000 

VENDOR NAME

STATUS
*

AMOUNT
24 8. 75

• . • . CHECK • . • • • 
AMOUNT	#

- - - - - - - - - - - -

F Y-18-NOTICE  O-F-M-EET-IN-GS

- -OR-LANDO  SENTINEL

24 8.7 5 003636 

- -	- - -	-	*
10/12/17 00071	10/01/17 72299 1	201710 320-53800-47500	2, 255 .60

- - - - - - - - - -

MTHLY- POO-L-LAND-SC-AP-OCT17 

-RE-W  LANDSCAPE  CORP

2, 255 . 60 003637 

- - -  - -	-	-	-  - - -	*
10/19/17 00083	10/02/17 69842	201710 310-51300-54000	175 .0 0

- - - -

SPEC-IAL-

DISTRICT-FEE-F-Y18   -DE-PARTMENT  OF  ECONOMIC  OPPORTUNITY

175 .00 003638 

- - - - - - - - - - -	-  - - -	- -	-	*

10/19/17 00038	10/13/17 1155	201710 310-51300-49300 

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

ANNUAL CDD FEE-FY18	ORANGE COUNTY PROPERTY APPRAISER
10/19/17 00022	10 /02 /17 31 2289	201710 320-53800-47400	*

*

4SULFURIC/1BICARB/1CYANUR
10 /02/17 312569	201710 320-53800-47400 

902 .00

42 4. 70
503 . 00

902 .0 0 003639 

- - - - - - - - - - - - -

30-0   BULK-BL-EACH/DEL-IV-ERY- -SP-IES   POOL ,   LLC

927 . 70 003640 

-	- -	- - -	-	*

10/19/17   00090	10/12/17   8S1E9C3U4R3 I5TY2M0O1N7 I1T0OR3 0IN0G--1N5O5V0 01 7-10000 
- - - - - - -  - - - - - - - - - - - - - - - - - - - -SA-FE  TOUCH   SECURITY  SYSTEMS
10/23/17   00027	10/20/17   4P3O7OL  ATTE2N0D1A7N1 T0S3 -2 0O-C5T38 01 70-12200	*
- - - - - - - - - - - - - - - - - - - - -  - - - - - -GO-VERNMENTAL  MANAGEMENT  SERVICES
11/02/17 00027	11/ 01/17 438	201711 310-51 300-34000	*

*

MANAGEMENT  FEES  NOV17 
11 /01/17 438	201711 310-513 00-35100 

*

INFO  TECHNOLOGY  NOV17 
11 /01/17 438	201711 310-51300-3 1400 

*

DISSEMINATION FEE NOV17 11/01/17 438	201711 31 0-513 00-5 1000 

*

OFFICE SUPPLIES
11/ 01/17 438	201711 310-51300-42000 

*

POSTAGE
11/ 01/1 7  438	201711 310-51300-42500 

80 . 85

6,3 38.81 

4,1 76 .00
120 .83
83.33
20.84
11.2 6
34 .3 5

80 . 85 003641 

6,338 .8 1 003642 

*

COPIES 11/ 01 /17 438

201711 31 0-5 1300-4 9100 

*	27 .7 5

GOOGLE EMAIL SERVICES
11/ 01 /17 439	201711 320-53800-12000 
FIELD MANAGEMENT NOV17	GOVERNMENTAL MANAGEMENT SERVICES
FALC FALCON TRACE BPEREGRINO

1,565 .0 0

6,039 .3 6 003643 

CHECK DATES  10/1 1/ 2017 - 01/09/2018 ***	FALCON TRACE CDD -GENERAL FUND

A*P*3*00R	YEAR-TO-DATE  ACCOUNTS   PAYABLE   PREPAID/COMPUTER  CHECK  REGISTER	RUN	1/09/18	PAGE	2
BANK  A  FALCON  TRACE  CDD

CHECK  VEND#	. • • • • INVOICE • • • . .  • • • EXPENSED TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
11/02/17 00022	10/18/17 312920	201711 320-538 00-4 7400 
TANK RENTAL - NOV17 
10/18/17 313025	201711  320-53800-47400 
MURIATIC/SULFURIC ACID 10/18/17 312920	201711 320-53800-47400 
10/18/17   3T1A3N0K2 5RENT2A0L1 7-11NO3V2 017-53800- 47400 

STATUS
*
*
V V

AMOUNT
30.00
157 . 50
30. 00- 
157 . 50- 

. • • • CHECK • • • • • AMOUNT	#

- - - - - - - - - -

MU-RIA-TIC/ SULFURIC  AC-ID	SP-IES   POOL ,   LLC

-	.oo 003644 

-  - - -	- - - -  -  - -	- - -

*	- - - - - - - - -

11/ 08/17 00079	10/ 31/17 9218	201710 320-53800-47000 
MTHLY LAKE MAINT OCT17 10/31/17   9T2R1 A8 SH  CO2LL0 E1 C7 T1 I0ON32 0-53800-4 7000 
-  -  -  -  -  -  -  - -  -  -  -  -  - -  -  -  -  -AQ-UATIC  WEED  MANAGEMENT ,   INC .
11 /08/17 00095	11 /03 /17 4128	201711 320-53800-4 7600 

300. 00
*	600 .0 0
-  -  -  -  - -  -  -  - - -  -9 0-0-. 0 -0   003645 
*	980 .00 

- - - - - - - - - - - - -

H-URR-ICA-NE   IRMA  R-PRS/RPL-C-  -BE-RRY  CONSTRUCTION   INC .

-  -  -  -  - -  - -  -  - -  -9 -80-. 0-0   003646 

-	-  - - -	- -
11 /08/17   0007 1	11 /01/17   7 I2R3R1 7IG8ATIO2N0 1R7P1R0S 3 21 0-/ 51 93 /8 1070-47500 
11 /01/17 723204	201710 32 0-53800-47500 

*	307 .1 0
*	2,2 55 . 60

- - - - - - - - - - - - -

M-T-HLY-

OL  LA-NDSC-P-NOV-17 -  -R-EW  LANDSCAPE  CORP

-  -  -  -  - -  -  -  -  - -2 -, 5-62-. 7 -0   003647 

- -	-	-
11/ 08/17   00022	10/18/17   3 51 30L0B2S9   STI2C0K1 /7C1Y0AN3A2C0-ID5 3l 08 0L0B-4 7400 
10/20/17   3R1 P3R5 /6R6PLC2C0H1L7O1 R0 IN3E2 0S-T5E3N8N0E0R-47400 
SPIES POOL , LLC

*	342 .9 0
*	405 . 00
*	-  -  -  -  -  - -  -  -  -  - -7-47 -. 9 -0   003648 

11/08/17 00094	8/25/17 
9/ 25/17 
10/25/17 

70156 
MONTHLY 70157 MONTHLY 70158 MONTHLY

201708 320-53800-47400 
POOL SRVICE-AUG17 
P2O0O1 L7 0S9R3V2IC0-E5-S3E8P0 01 7-47400 
201710 320-53800-47400 
POOL SRVICE-OCT17	THREE GUYS POOL SERVICE & REPAIR

1,0 15 .00
*	1,0 15 .00
*	1,0 15 .00
- - - - - - - - - -

3, 045 . 00 003649 

11/16/17   00022	10/18/17   3T1A2N9K20RENT2A0 L1 -7N1O1V31 27 0-53800-47400	*
-  -  - - -  -  -  -  -  -  -  -  -  -  -  - -  -  -  - - -  -  -  -  -  -SP-IES   POOL ,   LLC
11/1 7/17 00090	11 /12/17 8261875	201711 300-15500-10000	*
SECURITY MONITORING-DEC 17	SAFE TOUCH SECURITY SYSTEMS
FALC FALCON TRACE BPEREGRINO

30.0 0

80 .85

30 .0 0 003650 

80 . 85 003651 

A*P*3* 0 0CRHECK  DATES   10/1 1/ 2017   -   01 /09/201 Y8EA* R**-TO-DATEFALCCONUNTRAPCAEYACDBDLE-GPERNEEPRAAIDL/CFOUMNDPUTER  CHECK  REGISTER	RUN	1/09/18	PAGE	3
BANK  A  FALCON  TRACE  CDD

CHECK	VEND#	• . D• A• T• EINVOICE . • • • •    • • • EXPENSED   TO . . .	VENDOR  NAME

STATUS

AMOUNT

• . • • CHECK • . . • • 

DATE

INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

AMOUNT	#

11 /17/17 00054	11 /17/1 7 11172017 201711 300-20 700-10000 

*	38 , 128 .9 5

- - - - - - - - - -

FY 18   DEBT  ASSESSM-ENTS- - - -FA-LCON  TRACE  CDD  C/0  US   BANK	-

38, 128 . 95 003652 

- - -  - -  - - - -  - -	-

*	- - - - - - - - - - - - - -

11/17 /17 00027	11 /16/17 440	201711 320-53 800- 12200	3, 696 .84

-	-	-	-	-	-	-	-

POOL  ATTENDANTS
-	- -	- -	-	- -

-- NOV-17 

-GO-VERNMENTAL  MANAGEMENT  SERVICES

- - -

3, 696.84 003653

- -	- -	-	-	- -

*	- - -	- - - - - - - - -

12/01/17 00015	11/22/17 97076	201710 310-51300-31500 
PREP/ATTEND CDD MEETING
11 /22/17 97077	201710 310-51300-31500 

1, 655 .0 0
*	31 .0 0

- - - - - - - - - - -

REVIE-W  DEO  DOC

- - - - - -HO-PPING  GREEN  &   SAMS

- -	1, 686 .0 0 003654 

-  - - -	- - - - -

*	- - - - - - - - - - - - -

12/07/17 00027	12/01 /17 441	201712 310-51300-34000 
MANAGEMENT FEES DEC 17 
12/01/17 441	201712 31 0-51300-35100 
INFO TECHNOLOGY DEC 17 
12/01/17 441	201712 31 0-51300-3 1400 
DISSEMINATION FEE DEC 17 12/01/17 441	201712 310-51300-51000 
OFFICE SUPPLIES
12/01/17 441	201712 310-51300-42000 

4, 176.00
*	12 0.83
*	83.33
*	.21 
*	3. 29

POSTAGE
12/01/17 442 

201712 320-53800-12000 

*	1, 565.00

FIELD MANAGEMENT DEC17 12/01/17 442	201712 320-53800- 49100 

*	350 .00

- - - - - - - - - - - - -

GIFT-CAR-DS- - - - - - - -  -GO-VERNMENTAL  MANAGEMENT  SERVICES

-  - - -  - -  - - - - -6-, 2-98 -. 6-6   003655 

- -
12/08/17 00079	11/ 30/17 9282 

-
201711 320-53 800-47000 

*	300 .00

MTHLY LAKE MAINT - NOV17	AQUATIC WEED MANAGEMENT , INC .
12/08/17   0007 1	12/01/17   7M2 T3 H3L3Y4   POO2 L0 1L7A1N2DS3C2P0-D5E3C8 01 70-47500 

- - - - - - -  - - - - -3 -00-. 00-
*	2, 255 .60 

003656 

- - - - - - - - - - - - - - - - - - - - - - - - - - -R-EW  LANDSCAPE  CORP 12/08/17   00022	11 /11/17   3R1 4E5BU4 2ILT  S2T0E1N7N1E1R3M2 0O-TO5R3800 -47400 
11 /18/17 314 173	201712 320-53800-47400 
TANK   RENTAL  FEE DEC17 
11/ 27/17 314676	201711 320- 53800-47400 
350 BULK BEACH	SPIES POOL, LLC
FALC FALCON TRACE BPEREGRINO

- - -  - -  - -  - - - -2-,2 5-5-. 6-0   003657 
*	247 .50
*	30 .00
*	585 .5 0
863 .00 003658 

A*P*3*0 0R	YEA*R*-*TO-DATE  ACCOUNTS   PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER

RUN	1/09/18 

PAGE	4

CHECK DATES 10/11 /2017 - 01 /09/2018 

FALCON TRACE CDD -GENERAL FUND BANK A FALCON TRACE CDD

CHECK	VEND#	• • . . • INVOICE • . • • •   . . • EXPENSED TO . . .		VENDOR NAME	STATUS DATE			DATE	INVOICE	YRMO	DPT  ACCT#  SUB	SUBCLASS

AMOUNT

• • • . CHECK • • • . • AMOUNT	#

12/13/17 00054	12/11 /17 12112017 201712 300-20700-10000 

- - -	- - - - --      - - - - - - - - - - - - - - - - - - -

FY18 DEBT ASSESSMENT 2007	FALCON TRACE CDD C/0 US BANK 12/19/1 7  00054	12/18/17 12182017 201712 300-20700-10000 

*	87 , 687 .7 3
*	10 ,8 13 .9 4

87 , 687. 73 003659 

- - - - - - - - - - - -

FY-18   D-EBT  A-SM-NT-D-S-20 0-7 

- -FA-LCON  TRACE  CDD  C/0  US  BANK

10, 813 .9 4 003660 

- -	-	-	-	-

*	80.85

SECURITY  MONITORING-JAN1 8

12/21/17 00090	12/12/17 832956 9	2 0 1 7 1 2 3 0 0 - 1550 0 -10000 
SAFE TOUCH SECURITY SYSTEMS

F Y 1 8 DEBT ASMNT - 2 0 07 

1/04/18 00054	12/27/17 12 2 7 2017 2 0 1 8 0 1  300 - 2	00-10000	*
FALCON TRACE CDD C/0 US BANK
TOTAL FOR BANK A TOTAL FOR REGISTER

FALC FALCON TRACE BPEREGRINO

176, 529 . 89

353 ,655 .9 8
353 , 655 .9 8

80 .8 5 003661 

176, 529 .89 003662 

•	•	•	•	•	•	•	•	•	•	•	•

• • • • • • •

Fa lcon Trace
Community Development District

Unaudited Financial Reporting December 3 1, 2017

..

Governmental Management Services

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

Balance Sheet

 	General Fund

 	Debt Service Fund

 	Capital Projects Fund

5-6	 	Month to Month

Long-Term Debt

 	Assessment  Receipt Schedule

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
COMBINED BALANCE SHEET
December 31, 2017

	Governmental Fund	Totals	
		(memorandum only)	
Assets	General	Debt Service	Capital Projects	2018	

Cash - Wells Fargo Cash - SunTrust Investments
Custody Account Series 2007
Revenue Account Redemption Account Cost of Issuance
Due from General Fund Prepaid Expense
11otaI Assets
Liabilities
Accounts Payable Due to Debt Service
Fund Equity
Fund Balances
Unassigned
Restricted for Debt Service Restricted for Capital Projects
!Total Liabilities and Fund Equity

$500,764

$57,657

$81

$558,502

$176,530

$381,972
----------
----------

$558,502

$335, 162
$2,090
$187,344

$524,596

----------
$524,596
----------

$524,596

$250, 111

$26,419

$276,530

----------
----------
$276,530

$276,530

$500,764
$250,111
$57,657
$335, 162
$2,090
$26,419
$187,344
$81

$1,359,629 1

$0
$176,530

$381,972
$524,596
$276,530

$ 1,359,629 1

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues and Expenditures For Period Ending December 31, 2017
General Fund	Prorated Budget	Actual
Budget	Thru 12/31/17	Thru 12/31/17	Variance
Revenues:
Maintenance Assessments	$355,855	$269,399	$269,399	$0

$19

Miscellaneous Income	$1,000	$250	$390	$140
Interest	$0	$0	$19
Total Revenues	$356,855	$269,649	$269,809	$159 I
Ex enditures:

Administrative:
Supervisors Fees	$8,000	$2,000	$1,000	$1,000
FICA Expense	$612	$153
Engineer	$5,000	$1,250	$0	$1,250
Dissemination	$1,000	$250	$250
Assessment Roll	$5,000	$5,000	$5,000	$0
Arbitrage Rebate	$600	$0	$0	$0
Attorney Fees	$15,000	$3,750	$1,686	$2,064
Annual Audit	$3,400	$0	$0
Trustee Fees	$4,400	$0	$0	$0
Management Fees	$50,112	$12,528	$12,528	$0
Information Technology	$1,450	$363	$362	$0
Telephone	$100	$25	$0	$25

$324

Postage	$1,000	$250

$51

Printing and Binding	$1,500	$375

$225

Insurance	$11,200	$11,200	$10,654	$546
Legal Advertising	$2,500	$625	$0	$625
Contingency	$1,200	$300	$195	$105
Property Appraiser	$1,000	$1,000	$902

$175

Office Supplies	$800	$200	$22	$178
Dues, Licenses, Subscriptions	$175	$0
Total Administrative	 	$114,049	$39,444	$32,927	$6,516 I Maintenance:
Field Management	$18,780	$4,695	$4,695	$0
Property Insurance	$6,870	$6,870	$6,245	$625
Pool Staff Payroll	$76,000	$19,000	$10,036	$8,964

$500
$3,375

$449

Security	$1,070	$268	$243
Telephone Expense	$2,000	$51
Electric	$18,900	$4,725	$3,969	$756

$950

Irrigation/Water	$13,500	$1,783	$1,592
Lake Maintenance	$8,600	$2,150	$1,200
Pest Control	$650	$163	$0	$163
Pool Maintenance	$32,000	$8,000	$3,614	$4,386
Grounds Maintenance	$33,000	$8,250	$7,074	$1,176
General Facility Maintenance	$10,000	$2,500	$1,508	$992
Refuse Service	$4,080	$1,020	$913	$107
Field Contingency	$5,000	$1,250	$350	$900
Transfer Out			$12,356		$0		$0			$0 Total Maintenance	 	$242,806	$62,765	$42,077		$20,688 I
Total Expenditures	 	$356,855	$102,209	$75,004	$27,205 1
Excess Revenues (Expenditures)	 	$0		$194,805	1
Fund Balance - Beginning	 	$0	$187,168		1
Fund Balance - Ending	 	$0	$381,972		1
2

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE 2007
Statement of Revenues & Expenditures For Period Ending December 31, 2017

Adopted

Prorated Budget

Actual

Revenues:

 	Budget	Thru 12/31/17	Thru 12/31/17	Variance	

Assessments - On Roll Interest

$413,660
$300

$313,161
$75

$313,161	$0
$114

Total Revenues	 	$413,960	$313,236	$313,275	

Ex enditures:
Interest Expense 11/01 Principal Expense 05/01 Interest Expense 05/01

$25,988
$370,000
$25,988

$25,988	$0
$0	$0
$0	$0

Total Expenditures

Other Sources (Uses)

 	$421,975	$25,988	$25,988	so I

Transfer In (Out)

$0	$0

$13

Excess Revenues (Expenditures) Fund Balance - Beginning
Fund Balance - Ending

 	($8,015)	$287,300	

 	$237,261	$237,296	

 	$229,247	$524,596	

3

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND
Statement of Revenues & Expenditures For Period Ending December 31, 2017

Adopted

Prorated

Actual

$0

$38

$45

 	Budget	Thru 12/31/17	Thru 12/31/17	Variance	

Revenues:		
Transfer In Interest	$12,356
$150	$0	$0
$7	

Total Revenues	

 	$ 12,506		
Expenditures:		
Pool Furniture Building Renovations	$10,000	$2,500
$25,000	$0	$6,250	
Sports Courts Resurfacing/Improvements	$0	$0

Total Expenditures	 	$35,000	$8,750	$0	$8,750 I	
Other Sources 1!,!ses)					
Transfer In (Out)	$0	$0	($13)	($13)	
Total Other	$0	$0	($13)	($13)!	

Excess Revenues (Expenditures) Fund Balance - Beginning
Fund Balance - Ending

 	($22,494)	
 	$261,504	$276,499	
 	$239,010	$276,530	

$2,500
$6,250

4

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

$390

$9

$0

'

$0	$32,801	$236,599	$0	$0	$0	$0	$0	$0	$0	$0	$0	$269,399	
$340	$0	$SO	$0	$0		$0	$0		$0	$0	$0		
	$10		$0	$0	$0	$0	$0	$0	$0	$0	$0	$19	
$349	$32,811		$0	$0	$0		so	$0			$0	$269,809 1	

Maintenance Assessments Miscellaneous Income Interest
Total Revenues

Expenditures:

Administrative
Supervisors Fees	$1,000	so

$0	$0	$0	$0	$1,000	
$0	$0	$0	$0		
$0	$0	$0	$0	$0	
$0	$0	$0	$250	
$0	$0	$0	$0	$0	$5,000	

$0	$0	$0	$0

FICA Expense	$77	$0	so	$0	$0	$0	$0
Engineer	$0	$0	$0	$0	$0	$0	$0

Dissemination Agreement	$83
Assessment Roll	$5,000

$0	$0	$0	$0
$0	$0	$0	$0	$0

Attorney	$1,686	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Annual Audit	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	

Arbitrage Rebate	$0	$0	$0	$0	so	$0

$0	$0	$0	so	$0
$0	$1,686
$0	$0	$0

Management FE!es	$4,176	$4,176	$4,176	$0	$0		$0	$0	$0	$0	$0	$0	$12,528	
Information Technology	$121	$121	$121	$0	$0	$0	$0	$0	$0	$0	$0	$362	
Telephone	$0	$0	$0	$0	$0	$0	$0	$0	so	so	
Postage	$11	$11	$0	$0	$0	$0	$0	$0	$0	
Printing and Binding			$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Insurance	$10,654	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$10,654	
Legal Advertising	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Contingency		$101		$0	$0	$0	$0	$0	$0	$0	$0			
Property Taxes	$0	$0		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Property Appraiser	$902	$0	$0	$0	$0	$0	$0	$0	$0		$0		$902	
Office Supplies	$1	$21	$0	$0	$0	$0	$0		$0	$0	$0	$0	$22	
Dues, Licenses, Subscriptions			$0	so		$0	$0	$0	$0	$0	$0	$0	$0	$175	

Total Administrative	I	$23,950		�4,430	�o_	$0	$0	$0	$0	$0	so	$0	$0		

Trustee Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

$195

5

Maintenance

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Field Management	$1,565	$1,565	$1,565

$0	$0	$0	$0	$0

$0	$0	$4,695

$3,697

Property Insurance	$6,245	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,245

Pool Staff Payroll	$6,339

$0	$0	$0	$0	$0	$0

$0	$0	$10,036

Security	$81	$81	$81

$0	$0	$0	$0	$0

$0	$0

Telephone Expense

$152	$0	$0	$0	$0	$0	$0

$0	$0

$3,969

Electric	$1,422	$1,307	$1,241	$0	$0	$0	$0	$0	$0	$0	$0
Irrigation/Water	$688	$588	$506	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,783
lake  Maintenance	$900	$300	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,200

$30

Pest Control	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Grounds Maintenance	$4,818	$0	$2,256	$0	$0	$0	$0	$0	$0	$0	$0	$7,074	

													

Pool Maintenance	$2,721	$863

$0	$0	$0	$0

$0	$0

$0	$3,614

$913
$350

General Facility Maintenance	$263	$1,085	$160	$0	$0	$0	$0	$0	$0	$0	$0	$1,508
Refuse Service	$232	$0	$0	$0	$0	$0	$0	$0
Field Contingency	$0	$0	$350	$0	$0	$0	$0	$0	$0	$0
Transfer Out	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Maintenance	I	$25,423	$9,973	$6,681	$0	$0	$0	$0	$0	$0	$0	$0	_o	 s�.077J

Total Expenditures	I	$49,372	$14,521	$11,111	$0	$0	$0	$0	$0

$0	$0	$0	$75,004J

Excess Revenues (Expenditures)	I	($49,023)	$18,289	$225,538	$0	$0	$0	$0	$0	$0	$0	$0	$0

6

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
LONG TERM DEBT REPORT

SERIES 2007, SPECIAL ASSESSMENT REFUNDING BONDS

MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT RESERVE FUND BALANCE

5/1/2020
MAXIMUM ANNUAL DEBT SERVICE
COVERED BY FINANCIAL GUARANTY INSURANCE POLICY
$0

BONDS OUTSTANDING - 9/30/13	$2,475,000	
LESS: PRINCIPAL PAYMENT 5/1/14	($310,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($325,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($335,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($350,000)	
CURRENT BONDS OUTSTANDING	$1,155,000	

7

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS · FY2018 TAX COLLECTOR
	Gross Assessments	$	818,633	$	378,569	$	440,064		
	Net Assessments	$	769,515	$	355,855	$	413,660		
Date		Gross Assessments	Discounts/	Commissions	Interest	Net Amount	General Fund	2007
Debt Svc Fund	Total	
Received	Dist,#	Received	Penalties	Paid	Income	Received	46.24%	53.76%	100%	
11/3/16		$	7,682.66	$	365.05	$	$	$	7,317.61	$	3,383.96	$	3,933.65	$	7,317.61	
11/9/17	2	$	9,995.26	$	399.85	$	$	$	9,595.41	$	4,437.31	$	5, 158. 10 	$	9,595.41	
11 /20/1 7	3	$	56,267.66	$ 2,250.93	$	$	$ 54,016.73	$	24,979.53	$ 29,037.20	$ 54,016.73	
1 2/1 1/17 	4	$	1 69,91 9.42	$ 6,797.45	$	$	$ 163,121 .97	$	75,434.24	$ 87,687.73	$ 1 63,121 .97	
1 2/18/17	5	$	20,899.1 8	$	836.05	$	$	53.60	$ 20,116.73	$	9,302.79	$ 1 0,81 3.94	$ 20,1 16.73	
12/26/17	6	$	342,075.86	$1 3,684.39	$	$	$ 328,391 .47	$ 151 ,861.58	$ 176,529.89	$ 328,391.47	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
		$	$	$	$	$	$	$	$	
					$	$	$	$	
Totals		$	606,840.04	$ 24,333.72	$	$	53.60	$ 582,559.92	$ 269,399.42	$ 313,160.50	$ 582,559.92	

8