Falcon Trace Community Development District

Agenda October 18, 2017

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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
October 11 , 2017 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, October 18, 2017 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:
Audit Committee Meeting
Roll Call
Public Comment Period
Approval of Minutes of the August 16, 2017 Meeting
Tally of Audit Committee Member's Rankings and Selection of an Auditor
Adjournment
Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of the Minutes of the August 16, 2017 Meeting
Acceptance of the Audit Committee Recommendation and Selection of #1 Ranked Firm to Provide Auditing Services for the Fiscal Year 2017
Staff Reports
Attorney
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
iii. Field Manager's Report
Supervisor's Requests
Adjournment
The first order of business for the Audit Committee 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 August 16, 2017 meeting. The minutes are enclosed for your review. The fourth order of business is the tally of the committee members' rankings and selection of an auditor. Rankings  from all Audit Committee members will be tallied at the meeting to develop an overall Audit Committee ranking. The RFP packages have been provided separately and tally sheets have been enclosed in your agenda package.

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 August 16, 2017 meeting. The minutes are enclosed for your review.

The fourth order of business is the acceptance of the Audit Committee recommendation and selection of a firm to provide auditing services for the Fiscal Year 2017. There is no back-up material.
Section B of the fifth 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,
{2q;12JL-
fason M. Showe District Manager

CC:		Mike Eckert, District Counsel Lindsay Whelan, District Counsel Darrin Mossing, CMS
Enclosures

AUDIT COMMITTEE MEETING

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MINUTES OF MEETING FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT

The Falcon Trace Community Development District held an Audit Committee meeting Wednesday, August 16, 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
Jason Showe Mike Eckert Alan Scheerer

FIRST ORDER OF BUSINESS	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 May 17, 2017
Meeting

On MOTION by Ms. Miller seconded by Ms. Stark with all in favor the minutes of the May 17, 2017 Audit Committee meeting were approved.

FOURTH ORDER OF BUSINESS	Tally	of	Audit	Committee	Members'
Rankings and Selection of An Auditor
Mr. Showe stated we provided you with a pricing sheet in the agenda book and they priced five years. In my ranking Berger Toombs came in the lowest price and Grau & Associates who does your current audit is very close and the ranking separates them by one

August 16, 2017	Falcon Trace CDD

point.	Berger Toombs received 20 points, Carr Riggs Ingram received 12 points, Grau & Associates received 19 points and McDirmit Davis received 18.
It was the consensus of the Board to review the proposals more thoroughly and to reconvene the meeting October 18, 2017 at 6:00 p.m. to complete the rankings.

On MOTION by Ms. Hurst seconded by Ms. Baron with all in favor the meeting was continued to October 18, 2017 at 6:00 p.m. in the same location.

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Faleon Trace CDO Audlter $eleQl:ion • TaHv
Ranking (1 being
 	Sara Hurst	Kathv Stark		Susan Baron	Carole Miller	Total	hiqhest)

Berger, Tooms, Elam, Gaines & Frank

Carr Riaas & Ingram

 	Grau & Associates	

McDirmlt Davis

BOARD OF SUPERVISORS MEETING

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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 Wednesday, August 16, 2017 at 6:07 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

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel Field Operations

Roll Call

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

SECOND ORDER OF BUSINESS	Public Comment Period
Resident: This is my first meeting. I was wondering why the lights aren't being turned on at the basketball courts anymore. Kids used to play basketball out there at night.
Mr. Scheerer: The reason the lights were terminated is because kids were coming out until 1 :00 to 2:00 a.m. so we started locking the box up. They broke the lock and turned the lights on and started vandalizing and damaging the light box. The Board chose to have the court open during sunlight hours only.
Mr. Showe: The Board looked at getting some security guards but the cost was going to be about $40,000 for one year. The Board chose not to do that.
Resident: What about cameras?

August 16, 2017	Falcon Trace CDD

Ms. Hurst: We have talked about getting cameras, but there are a few different challenges with that. If you see a face, there is no guarantee you can find that face because unless they do something truly criminal then it's a misdemeanor and an annoyance and the police are not going to try to find them. We could spend the money but it's not going to buy us anything on the back end of it.
Mr. Scheerer: If we were to run cameras out to the courts, we would have to feed that through the back ofthis building again. Ifit's not on the DVR system then it would have to be on an internet system and there are some challenges with that. We have both of those systems but they are typically in the facility itself, not outside the facility. It would be possible, if we wanted to spend some money.
Resident: I have a few more questions. There are a lot of people in the pools that have nothing to do with this community.
Mr. Showe: They have to be registered, and they have to have a card. The pool attendants are checking.
Resident: They don't check.
Mr. Scheerer: They do. But we also offer swim lessons too. Each resident gets a card with their photo on it.
Mr. Hurst: It could have been that there was a party, because we do rent the room out and there could have been a pool party. If you have concerns please let us know.
Resident: Are there sexual offenders living in this community? I was told there are 5 different houses with sexual offenders.
Mr. Showe: The CDD doesn't have any involvement in private property, we only operate this facility right here.
Ms. Hurst: We only operate the pool facility. You need to speak with the Home Owners Association or with the local police. We handle the pool, tennis courts, and basketball court. We do not handle the home areas.
Mr. Scheerer: The HOA meeting is next week.
Ms. Hurst: I believe all the information for that meeting is posted on the window by the front of the building.
Mr. Showe: Are there any other public comments? There being none the next item followed.

August 16, 20 I 7	Falcon Trace COD

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Andrew Gammon
Mr. Showe: Andrew Gammon submitted his resignation letter and it is in your agenda.

On MOTION by Ms. Miller seconded by Ms. Stark, with all in favor, Mr. Gammon's resignation was accepted.

Review of Letters of Interest and Appointment of Individual to Fill Board Vacancy
Mr. Showe: We did receive a letter ofinterest from a gentleman, Felix, who is here in the audience. It is up to the Board to determine how you want to go about filling that vacancy. Some Boards will keep it open and collect letters of interest then look at it. Some will fill it however they choose.
Mr. Eckert: The qualifications to serve on the Board is you have to be a citizen of the United States, a resident of the state of Florida, and registered to vote at your address without the District.
Ms. Hurst: Thank you very much for your letter of interest, Felix. Do you live in the neighborhood?
Mr. Kutlik: Yes, I do.
Ms. Hurst: Do you fulfill the other qualifications?
Mr. Kutlik: Yes, I'm a citizen of the United States, I live here, and I'm over 18 years old. Ms. Hurst: Are you registered to vote?
Mr. Kutlik: Yes, I am.
Ms. Hurst: We haven't had an opening on the Board in so long I don't even remember what to do.
Mr. Showe: It's up to you. You can leave it open until the next meeting and see if you
have some more letters of interest come in, or you can fill it today.
Ms. Stark: I'd like to go ahead and do it today, we can get a vote right now.
Ms. Hurst: Is there a reason that you want to rush? We have two people and we don't know much about either one ofthem.
Ms. Stark: Okay.

August 16, 2017	Falcon Trace CDD

Ms. Hurst: I don't know either of you and I don't think anyone on the Board knows either of you terribly well either. It seems like we'd be saying we like you over you or vice versa. That doesn't seem like a very fair way to go about this.
Mr. Eckert: You could ask them to speak about themselves. If you want more time, we could have them put together resumes.
Ms. Stark: Are you comfortable preparing resumes?
Resident: How often do you meet? How many meetings can you miss?
Ms. Hurst: The proposed meeting schedule is every 60 days. We have five people on our Board and to have a quorum three of us need to be here. So, there are occasions where if you need to miss a meeting that's okay. If you don't think you can meet, then it is probably not in everyone's best interest that you take the spot instead of someone else who could attend. Felix, do you understand the commitments? The election for this position would be in 2018. There is a process where you can run again or leave the Board.

On MOTION by Ms. Stark seconded by Ms. Hurst, with all in favor, Felix Kutlik was appointed to serve the unexpired term of office.

Administration of Oath of Office to Newly Appointed Board Member
Mr. Showe being a Notary Public of the State of Florida administered the Oath of Office to Mr. Kutlik.

Electing Officers
Mr. Showe: As a Board member, you are eligible to receive up to $200 per meeting compensation. Do you choose to accept that compensation?
Mr. Kutlik: I do.

Consideration of Resolution 2017-09 Electing Officers
Mr. Showe: Typically, I believe you guys discuss who you would like to be Chairman and Vice Chairman and then we fill the other Board members in as Assistant Secretary. We would ask that you appoint George Flint in our office as Secretary, myself as an Assistant
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August 16, 2017	Falcon Trace CDD

Secretary, and Ariel Lovera at our office as Treasurer. That is just for purposes of getting checks and documents signed.
Ms. Baron: Sara, are you okay with becoming the Chair? Ms. Hurst: Yes, I am fine with that.
Mr. Showe: Is there a recommendation for Vice Chair? Ms. Baron: I suggest Carole.
Mr. Showe: Carole, are you okay with that? Ms. Miller: Yes.
Mr. Showe: We have slated Ms. Hurst as Chairperson, Ms. Miller as Vice Chair, and George Flint as Secretary. We also have Ms. Baron, Ms. Stark, Mr. Kutlik, and Mr. Showe as Assistant Secretary and Ariel Lovera as Treasurer.

On MOTION by Ms. Baron seconded by Ms. Stark, with all in favor, Resolution 2017-09 was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the May 17, 2017
Meeting

Mr. Showe: Are there any additions, deletions, or corrections to those?

On MOTION by Ms. Baron seconded by Ms. Stark with all in favor the minutes of the May 17, 2017 meeting were approved.

FIFTH ORDER OF BUSINESS	Public Hearing
Consideration of Resolution 2017-07 Adopting the Fiscal Year 2018 Budget and Relating to the Annual Appropriations

Mr. Showe: At this time, we need a motion to open that public hearing.

On MOTION by Ms. Hurst seconded by Ms. Miller, with all in favor, the public hearing was opened.

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August 16, 2017	Falcon Trace COD

Mr. Showe: This is your standard Resolution for the budget, and behind that you will see the proposed budget for Falcon Trace. It's very similar to the one you had as a proposed budget a couple of months ago. It is important to note there is no assessment increase proposed so the assessment levels will stay the same. It is also important to note that this doesn't lock you into any of these account lines in particular. We can make adjustments throughout the year, it basically just sets the cap on your assessment levels. Pages 2-5 are the descriptions of all the account lines and how we come to those budget numbers. Page 6 is the Capital Reserve Fund. We have some funding set aside next year for additional pool furniture and building renovations in case we have some items.
Mr. Scheerer: We also use the funds for the lights on the sports courts.
Mr. Showe: Page 7 and 8 is your debt service. The Board does not have a lot of flexibility with the debt service side but it is there as part of our budget. Are there any members of the audience who like to provide comments on the budget or assessments? Do any members of the Board have questions on the budget?
There being none,

On MOTION by Ms. Hurst seconded by Ms. Miller, with all in favor, Resolution 2017-07 was approved.

Consideration of Resolution 2017-08 Imposing Special Assessments and Certifying an Assessment Roll

Mr. Showe: Attached to this Resolution will be the adopted budget you just approved as well as a spreadsheet detailing the District assessment roll. It's about 25 pages of $908.66 which gets levied on all the homes in here. Again, we will open it up for any members of the public to comment on. Does the Board have any questions?
There being none,

On MOTION by Ms. Hurst seconded by Ms. Miller, with all in favor, Resolution 2017-08 was approved.

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August 1 6, 2017	Falcon Trace CDD

On MOTION by Ms. Hurst seconded by Ms. Miller, with all in favor, the public hearing was closed.

SIXTH ORDER OF BUSINESS	Acceptance	of	the	Audit	Committee
Recommendation and Selection of No. 1 Ranked Firm to Provide Auditing Services for Fiscal Year 2017

This item continued to the October 18, 2017 meeting.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Eckert: No report.

District Manager's Report
Approval of Check Register
Mr. Showe: We have checks 3570-3611 totalling $92,150.40. May payroll is $923.50.
Your total is $93,073.90. Ifthere are any questions about the invoices Alan can answer those.
Ms. Hurst: We are burning through bleach, why are we using so much?
Mr. Scheerer: It's typical for this time of year. Any time we get rain we have to manually stabilize the pool.
Ms. Hurst: Okay. Our phone bill seemed high as well.
Mr. Scheerer: The bill is for phone, fax, and internet. The key card system might have raised the price.
Mr. Showe: Are there any other questions on the check register?

On MOTION by Ms. Stark seconded by Ms. Hurst, with all in favor, the check register was approved.

Balance Sheet and Income Statement
Mr. Showe: There's no action required by the Board. Page 6 shows the telephone expenses. You'll see we started the year at about $381, and we were able to negotiate it down to about $ 148 a month.
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August 16, 2017	Falcon Trace CDD

Ms. Hurst: That's great, I appreciate that.
Mr. Showe: The last page is your assessment collections, we are over 100% for the year.
Field Manager's Report
Mr. Scheerer: Sorry to have the AC down in the room today, we were not aware of that when we showed up today. They set the room up and we ended up finding a plastic bag that got sucked up into the air handler here. We are working on getting that out and hopefully by our next meeting in October we'll be good to go. The swimming pool is in good shape after some repairs. At the lake, we have some shoreline hydrilla that has popped up. We have trash pickup and the treatment of that this Thursday and Friday. There is some hydrilla in the cove section as well, we will get that taken care of. The landscaping is in good shape, we have some minor irrigation repairs to do. We purchased some additional access cards for the staff so they can issue more to the residents. The rooftile on the clubhouse and the tower were cleaned. We had a couple of roof tiles that needed repaired, we went ahead and did that. The staff needed a new printer/fax machine, that was purchased and installed this last week. We are having some issues with the old ADT alarm system, which is being monitored now by Safe Touch. We are working with them to find a simple, inexpensive upgrade to that equipment.
Ms. Hurst: Have we had any concerns about us adjusting the age ofsingle people coming
m.   ?.
Mr. Scheerer: I have not. Mr. Showe: I haven't.
Mr. Scheerer: I haven't heard anything from the staff.
Ms. Baron: I have a question; do we check our handicap lift chair at the pool? Mr. Scheerer: Yes, the staffchecks the lift.
Ms. Baron: Thank you.

Presentation of Series 2007 Arbitrage Report
Mr. Showe: This is required as part of the bonds. It does indicate that we are m compliance.

Approval of Fiscal Year 2018 Meeting Schedule

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August 16, 201 7	Falcon Trace CDD

Mr. Showe: We did have a proposed meeting schedule in your agenda package and it had the wrong date for October, it should be the 18th and not the 19th. That's why I handed out the revised one.

On MOTION by Ms. Hurst seconded by Ms. Miller, with all in favor, the Fiscal Year 2018 meeting schedule was approved.

NINTH ORDER OF BUSINESS	Supervisor's Requests
There being none the next item followed.

TENTH ORDER OF BUSINESS	Next Meeting Date
The meeting adjourned at 6: 55 p.m.

On MOTION by Ms. Hurst seconded by Ms. Miller with all in favor the meeting adjourned at 6:55 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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Falcon Trace
Community Development District
Check Register Summary
August 9, 2017 to October 11, 2017

Fund
General Fund

Payroll

Date	Check No.'s
8  17  17	3612-3616
8/24/17	3617
9/7/17	3618-3622
9/14/17	3623
9/18/17	3624
9/ 19/ 17	3625
9/21 /17	3626-3627
9/22/17	3628
9/28/17	3629
10/6/17	3630-3634
10/ 10/17	3635

August 2017
Carole Miller	50274
Kathy Stark	50275
Sara Hurst	50276
Susan Baron	50277
Se tember 2017
Felix Kutlik	50278

Amount
$	4,373.30
$	7,947.74
$	15,507.30
$	16,899.00
$	27.58
$	5,000.00
$	664.69
$	6,558.93
$	557.80
$	3,948.70
$	5,972.94
$	67,457.98

$	184.70
$	184.70
$	184.70
$	184.70

$	183.87

$	922.67

$	68,380.65 j

AP* 300R	YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN   10/11/17	PAGE	1

*  *  CHECK  DATES  08/09 /2017 - 10/1 1/2017 ***	FALCON TRACE COD -GENERAL FUND
BANK A FALCON TRACE COD
CHECK	VEND#	• • • . . INVOICE • • . . •   • • . EXPENSED TO . . .		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT

. • • • CHECK . • • • • AMOUNT	#

-

- -

8/17/17 00079 

7/31/17 9018	201707 320-53800-47000 

*	30 0.00

- - - -

M-THLY  LAKE  M-AINT--   JUL-17 -  -AQ-UATIC  WEED  MANAGEMENT ,   INC .

- -  - -  - - -  - -  - -3-00 .0 0   003612 

8/17/17 0007 1

8/01/17 722688	20 1708 320-53800-47500 

*	2,255 . 60

- - - - -

-

- -

- - - -

M-THLY  POO-L-LA-NDSC-A-P-AUG1-7

-RE-W  LANDSCAPE  CORP

-	2,2 55 . 60 003613 

- - -

-	- -

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

8/17/17 00022 

6/22/17 307721	201706 320-53800-4 7400 
7/24/17   360 9N2O08DIVI2N0G1 7 S07IGN3 2W0 -/ 5S3Y8M0B0L-47400 

8/12/17 80564 78	201708 300-15500-10000 

7/24/17   3 02 9 B3 9IC9ARB2/J0U1M7 B0 O7   S3T2C0K-5/ 23 8P0A0 -D4 7400 

121. 70 
*	253 .90 
*	346 .2 5

- - - -

2-05   BULK-BLEACH

-  - -  - -  -SP-IES   POOL ,   LLC

- - - - - - - - - -

72 1 . 85 003614 

8/17/17 00090 

8/17/17 00094 

- - - -

- - -	- - -

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

7/25/17 70116	201707 320-53800-47400 

S-ECURITY  MONITORING-SEP17	SAFE  TOUCH  SECURITY  SYSTEMS

*	80 .8 5

*

- - -  - -  - -  - -  -
1,0 15.00

80 .8 5 003615 

- - - -

M-ON-THL-Y  P-OOL  SRV-ICE-JUL1 -7   -TH-REE  GUYS   POOL  SERVICE   &   REPAIR

-  - -  - - -  - - - -  -1 -, 0-15-. 0-0   003616 

8/24/17 00027 

-
8/23 /17 430 

- - -

- - -

*	7,9 47 . 74

9/07/17 00079 

9/ 07 /17 00027 

201708  320-53800-12200 

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

POOL  ATTENDANTS   -  AUG 17   -  -GO-VERNMENTAL  MANAGEMENT  SERVICES 8/31/17 9098	201708 320-53800-47000 
MTHLY LAKE MAINT - JUL 17 
8/3 1/17   9H0 Y9 8DRILLA2B0U1R7 N0D8OW3N2 0 T-R5E3A8T0M0 T-47000 
-  - - -  - - -  - -  -  - -  -  - -  - -  -AQ-UATIC  WEED  MANAGEMENT ,   INC . 9/01/17 431	201709 310 -5 13 00-3 4000 
MANAGEMENT FEES SEP 17 
9/ 01/17 431	201709 310-513 00-35100 
INFO TECHNOLOGY SEP 17 
9/01/17 431	201709 310-51300-31400 
DISSEMINATION FEE SEP 17 9/01/17 431	201709 31 0-51300-5 1000 
OFFICE SUPPLIES
9/01/17 431	201709 31 0-5 1300-42000 
POSTAGE
9/01/17 431	201709 31 0-5 1300-42500 
COPIES

-  - -  - - - - -  -  - -7 -, 9-4 7-. 7 -4   0036 17 
*	300 .00
*	1,7 00 .0 0
- - - -  -  - -  - -  - -2-, 00-0-. 0-0   003618 
*	4, 176 .0 0
*	120 .83 
*	83 . 33
*	22 .7 1
*	3.2 9
*	73 .2 0

FALC   FALCON  TRACE  BPEREGRINO

A* P*3* 00R	YEA* *R*-TO-DATEFALCCONUNTRAPCAEYACDBLDE-PGRENEEPRAAIDL/CFOUMNDPUTER  CHECK  REGISTER	RUN   10/11/17	PAGE	2

CHECK DATES 08/09/2017 - 10/1 1/ 2017 

BANK A FALCON TRACE CDD

CHECK  VEND#	. • • • • INVOICE • . . • .   . • • EXPENSED TO . . .		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT#  SUB	SUBCLASS
9/01/17 431	201709 310-51 300-4 9100 
EMAIL  SERVICE
9/01/1 7  432	201709 320-53800-12000 

STATUS
*
*

AMOUNT
27 .7 5
1,5 65 .00

• . . • CHECK • • . . • AMOUNT	#

FIELD MANAGEMENT SEP17	GOVERNMENTAL MANAGEMENT SERVICES 9/07/17 00071	9/01/17 722850	201709 32 0- 53800-47500 

- - - - - - -  - -  -  -6 -, 0-7 2 -. 1 -1   003619 
*	2,2 55.60

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

- -
9/07/17 00022 

MTHLY POOL LANDSCAP-SEP 17	REW LANDSCAPE CORP

- - - - -  - -  - - - -2 -, 2 -55 -. 6 -0   003620 
*	30 .00

8/18/17 310471	201709 320-53800-47400 
TANK RENTAL FEE - SEP 17 8/28/17   3 21B0 I7C6A5RB / 24M0U1 R7 0IA8T3IC2 0/J-M5B3O8S0T0K-47400 
8/28 /17 311 251	201708 320-53800-4 7400 
- - - - -3 4 -0   BULK-BLEACH/DEL-IVERY	SPIES   POOL ,   LLC

*	243 . 65
*	569 . 00
-  - - - - - - - - - - -8-42 -. 6 -5   00362 1

- -	-  - - -	- - - - -

*	4,3 36 .9 4

9/07/17 00046	8/25/17 4735380	201708 310-51300-32300 

- -	-	- -

- - - - T-RU-STEE  F-EES -. -S-ER. 20 0-7 - - -U S-

BANK

-  - - - - - - - - - -4 -, 3 3-6 -. 94-
*	6,2 45 .00

003622 

9/14/17 00067 

9/18/17 00054 

9/19/17 00027 

8/29 /17 604 1	201709 300-15500-10000 
FY18 PROPERTY INSURANCE 8/29/17 6041	201709 300-15500-1 0000 
FY18 GEN . LIAB/PUBLIC OFFC	EGIS INSURANCE ADVISORS , LLC .
9/18/17 09182017 201709 300-207 00- 10000 

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

FY17 DEBT SERVICE ASMNT	FALCON TRACE CDD C/0 US BANK 9/18/17 433	201709 300-15500-10000 

*	10, 654 . 00

16 , 899 .0 0	003623 	
27 .5 8	003624 	
-5 -, 0-0 0-. 0-0	003625 	
583 .84	003626 	
80 .8 5	003627 	
6, 558 . 93	003628 	

- - - - - - - - - -
*	27.58
- - - - - - - - - -
*	5,000 . 00

- - - -

F-Y18  ASSESSMENT  ROLL  CERT	GOVERNMENTAL  MANAGEMENT  SERVICES

- - - - - - - - - -
*	583 . 84

9/21/17 00019 

9/21/17 00090 

8/3 1/17   3N3 O6 5T7IC0E2   OF2 0-P1 U7 B0 L8 IC31H0E-A5R1 3IN0G0-48000 
- - - - - -  - - - - - -  - - -  - - -OR-LANDO  SENTINEL 9/12/17 8125545	201709 300-15500-10000 

*	80.8 5

- - - -

S-ECURITY  MON-ITOR-ING--OCT 1 7- -SA-FE   TOUCH  SECURITY   SYSTEMS

9/22/17 00027 

- - -  - -	-	- -

*	6,558 . 93

9/21/17 434	201709 320-53800-12200 
POOL ATTENDANTS  - SEP 17	GOVERNMENTAL MANAGEMENT SERVICES
FALC   FALCON  TRACE  BPEREGRINO

A*P30 0R	YEA*R* -*TO-DATE  ACCOUNTS   PAYABLE   PREPAID/COMPUTER  CHECK  REGISTER	RUN   10/11/ 17	PAGE	3

** CHECK DATES 08/09/2017 - 10/1 1/2017 

FALCON TRACE CDD -GENERAL FUND BANK A FALCON TRACE CDD

DATE

CHECK	VEND#	. • D• A• T• EINVOIINCVEO• I• C• E• •    • Y• R• MEXOPENDPSTEDATCCOT. #. . SUB	SUBCLASS

VENDOR NAME

STATUS

AMOUNT

A• M. O. U• NCHTECK • • . . • 

9/28/17 00022 

8/08/17  3 1 0076	201708 320-53800-47400 

4

15G SULFURIC ACID

#

8/08/17 310195	2017 08 320-53800-47400 

*	21 9.8 0
*	338 .0 0

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

- -	200 BULK BLEACH	SPIES POOL , LLC

557 .8 0 003629 
*

10/06/17 00079 

9/29/17 9148	201709 32 0-53800-47000 

300 .00

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

- -	MTHLY LAKE  MAINT - SEP17	AQUATIC WEED MANAGEMENT , INC .

*	-  - - - -  - - - - -  - -3 -0 0 -. 0 -0   003630 

10/06/17 00092 

10/06/17 00078 

8/25/17 P19128	201708 320-53800-47600 PLUMBING SERVICE 8/25 
8/29/17   PP1L9U4 M0 3BING2S0E1R7 V0 8ICE32 08 -/ 2593800-47600 

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

- - - - - -  - -  - -  - - - - - - - -BR-OWNIES   SEPTIC   &   PLUMBING 9/29/17 87810	201709 320-53800-47600 

71 5. 00
*	89 .9 5
-  - - - -  -  - - - -  - -8-04-.9 5-
*	405 .7 8

003631 

10/06/17 000 15 

- - - -  -100   PROX  CARDS /STICKY  CRD    DATA  EQUIPMENT ,   INC .
9/28/17 96089	2017 08 310-5 1300-3 1500 
CDD MEET/TRAVEL/BUDGET

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

9/28/17 96090	201708 31 0-51300-3 1500 

- - - - - - -  - - - - -4 0-5-. 7 -8   003632 
*	1,7 39 .9 7
*	668 .00

10/06/17 00022 

- -	PREP NOTEBOOK/NEW SUPERVS	HOPPING GREEN & SAMS 9/18/17 -3 11669	201710 320-53800-47400 
TANK  RENTAL - OCT17	SPIES POOL , LLC

- - - - - - - - - -

*

30 . 00

2,4 07 .9 7 003633 

30 . 00 003634 

10/10/17   00027	10/02/17   4M3A5NAGEMEN2T0 1F7E1 E0 S3 O1 C0-T51 71 300-34000 
10/02/17 435	201710 310-5 1300-35100 
INFO  TECHNOLOGY  OCT17 
10/02 /17   4D3 I5SSEMINA2 0TI1O7N10FE3E1S0-O5C1T30 01-7 31400 
10 /02 /17  435	201710 310-51300-51000 
OFFICE SUPPLIES
10/02/17 435	201710  31 0-51300-42000 

C3O5 PIES

10/02/17 4POSTAGE 20171 0 310-51 300-42500 
10/02/17 436	201710 320-53 800-12000 
FIELD MANAGEMENT OCT17	GOVERNMENTAL MANAGEMENT SERVICES
TOTAL FOR BANK A FALC FALCON TRACE BPEREGRINO

*	4, 17 6.0 0
*	120 . 83
*	83.33
*	. 69
*	10 . 59
*	16.50
*	1,5 65 .00

67,45 7.98

5,9 72 .9 4 003635 

AP30 0R

YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
*** CHECK DATES 08/09/2017 - 10/11/ 2017 ***	FALCON TRACE CDD -GENERAL FUND
BANK A FALCON TRACE CDD

RUN 10/11/17 

PAGE	4

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

STATUS

AMOUNT

A• M. O. U• NCTHECK • • . . • 

#

TOTAL FOR REGISTER	67, 457 .9 8

FALC   FALCON  TRACE BPEREGRINO

•	•	•	•	•	•	•	•	•	•	•	•

•• . . . . .•

Fa lcon Trace
Com munity  Development  District

Unaudited Financial Reporting September 30, 2017

Governmental
�anagement Services ...
•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

1	 	Balance Sheet	

2	
 	General Fund	

3	
 	Debt Service Fund	

4	
Capital Projects Fund	

5-6	
 	Month to Month	

7	
 	Long-Term Debt	

8	
 	Assessment Receipt Schedule	

Assets
Cash - Wells Fargo Cash - SunTrust Investments
Custody Account

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
COMBINED BALANCE SHEET
September 30, 2017
Governmental Fund
General	Debt Service	Capital Projects
$113,747	----------	----------
----------	----------	$250,080
$57,638	----------	----------

-Tot-a ls (memorandum only) 2017
$113,747
$250,080
$57,638

Series 2007 Revenue Account

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

$235,207

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

$235,207

Redemption Account

----------	$--2--,0--8--9--	$26,419

$2,089

Prepaid Expense	$21,980	----------	----------	$21,980	
j[TotaI Assets	$193,365	$237,296	$276,499	$707,160 1	
Liabilities

Accounts Payable				
$3,919	
Fund Equity					

Cost of Issuance Due from General Fund

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

$26,419
$0

$3,919

Fund Balances

$189,447	----------	----------

Unassigned
Restricted for Debt Service Restricted for Capital Projects

----------

$23--7--,-2-9--6--

----------
$276,499

$189,447

----------

$237,296
$276,499

!Tota_ l_LLc!!>ilities and Fund Equity	$193,365	$237,296	$276,499

s101,160 1

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
GENERALFUND
Statement of Revenues and Expenditures For Period Ending September 30, 2017
General Fund	Prorated Budget	Actual
Budget	Thru 9/30/17	Thru 9/30/17	Variance
Revenues:

Miscellaneous Income	$1,000	$1,000	$2,625	$1,625	
Interest	$0	$0	$88	$88	

Maintenance Assessments	$355,855	$355,855	$364,925	$9,070

Total Revenues	 	$356,855	$356,855	$367,638		$10,783 I
Ex enditures:
Administrative:
Supervisors Fees	$8,000	$8,000	$4,800	$3,200
FICA Expense	$612	$612	$245
Engineer	$5,000	$5,000	$0	$5,000
Dissemination	$1,000	$1,000	$1,000	$0
Assessment Roll	$5,000	$5,000
Arbitrage Rebate	$600	$600	$600	$0
Attorney Fees	$15,000	$15,000	$10,935	$4,065

$4,327

Annual Audit	$3,400	$3,400	$3,400	$0

Trustee Fees

$4,337	($10)

Management Fees	$50,112	$50,112	$50,112	$0

$93

Information Technology	$1,450	$1,450	$1,449	$1
Telephone	$100	$100	$8

Postage	$1,000	$1,000

$365

Printing and Binding	$1,500	$1,500

$844
$1,136

Insurance	$10,950	$10,950	$10,147	$803
Legal Advertising	$2,500	$2,500	$1,969	$531
Contingency	$1,200	$1,200	$1,099	$100
Property Appraiser	$1,000	$1,000	$902	$98
Office Supplies	$800	$800	$705
Dues, Licenses, Subscriptions	$175	$175	$175	$0
Total Administrative	$113,726	$113,726	$96,916	s1G,810 I
Maintenance:
Field Management	$18,780	$18,780	$18,780	$0
Property Insurance	$6,560	$6,560	$6,245	$315

$945

Pool Staff Payroll	$77,021	$77,021	$71,571	$5,450
Security	$700	$700	($245)
Telephone Expense	$4,500	$4,500	$2,863	$1,637
Electric	$18,900	$18,900	$15,807	$3,093
Irrigation/Water	$13,500	$13,500	$8,412	$5,088
Lake Maintenance	$8,600	$8,600	$5,300	$3,300
Pest Control	$650	$650	$360	$290
Pool Maintenance	$32,000	$32,000	$24,240	$7,761
Grounds Maintenance	$31,036	$31,036	$27,345	$3,691
General Facility Maintenance	$8,000	$8,000	$12,257
Refuse Service	$3,500	$3,500	$3,714	($214)
Field Contingency	$5,000	$5,000	$0	$5,000
Transfer Out	$14,382	$14,382	$14,382	$0
Total Maintenance	$243,129 	$243,129	$212,220

Excess Revenues (Expenditures)	
 	$0		
$58,502	----------1	
Fund Balance - Beginning	   $0		$130,945	----------!	

Total Expenditures	 	$356,855	$356,855	$309,136
Fund Balance - Ending	 	$0	$189,447		1
2

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE 2007
Statement of Revenues & Expenditures For Period Ending September 30, 2017

Adopted

Prorated Budget

Actual

Revenues:

 	Budget	Thru 9/30/17	Thru 9/30/17	Variance	

Assessments - On Roll Interest

$413,660
$100

$413,660
$100

$424,203
$530

Total Revenues

�enditures:

 	$413,760	$413,760	$424,733	$10,973 I

Interest Expense 11/01 Principal Expense 05/01 Interest Expense 05/01

$33,644
$350,000
$33,644

$33,644
$350,000
$33,644

$33,644	$0
$350,000	$0
$33,644	$0

Total Expenditures

Other Sources (Uses)
Transfer In (Out)
Excess Revenues (Expenditures)

 	$417,288	$417,288	$417,288	so I

$0	$41
 	($3,528)	$7,486	

Fund Balance - Beginning Fund Balance - Ending

$229,693
$226,166

3

$229,810
$237,296

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND
Statement of Revenues & Expenditures For Period Ending September 30, 2017

Adopted

Prorated

Actual

 	Budget	Thru 9/30/17	Thru 9/30/17	Variance	
Revenues:

Transfer In I nterest

$14,382
$150

$ 14,382
$150

$14,382
$162

$0
$12

Total Revenues Expenditures:

 	$14,532	$14,532	$14,544	s12 1

Pool Furniture Building Renovations
Sports Courts Resurfacing/Improvements

$10,000
$20,000
$0

$ 10,000
$20,000
$0

$0
$0
$10,207

$10,000
$20,000 ($10,207)

Total Expenditures Other Sources Uses
Transfer In (Out)
Total Other

$30,000	$30,000

$0
$0

$10,207

($37)
($37)

$19,793 I

($37)
($37)!

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

 	($15,468)	$4,300	
 	$268,943	$272,199	
 	$253,475	$276,499	

4

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

Revenues:

$175

$595

Maintenance Assessments	$0	$25,860	$254,329	$17,346	$22,431	$21,031	$12,510	$2,477	$4,339	$4,580	$0	$24	$364,925

Miscellaneous Income	$290
Interest	$5

$0	$75
$5

$65	$0
$7	$7

$530	$0
$9	$10

$0	$2,625
$10	$10	$88

Total Revenues	I	 	$26,039	$25	
Elcpenditures:		
Administrative		
Supervisors Fees	$800	$0	
FICA Expense	$61	
Engineer	$0	$0	

4,333_	$17,426	$22,438	$21,103	$12,517

$4,879	$4,589	 	

___J34	$367,638 I

$77

$83

$367

$0	$1,000	$0	$1,000	$0	$1,000	$0	$800	$200	$4,800
$0	$0	$0	$0	$0	$61

$83

$83

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

$0	$0	$0	$0	$0	$0	$5,000	
$0	$0	$0	$600	$0	$0	$600	

Dissemination Agreement

$83	$83

$83

$83	$83

$1,000

Assessment Roll	$5,000	$0
Arbitrage Rebate	$0	$0	$0

$0	$0
$0

Attorney

$144

$2,267

$1,844	$232	$2,045

$0	$2,408	$0	$10,935

$4,337

Annual Audit	$0	$0	$0	$3,400	$0	$0	$0	$0	$0	$0	$0	$3,400

Management Fees	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$50,112	
Information Technology	$121	$121	$121	$121	$121	$121	$121	$121	$121	$121	$120	$121	$1,449	
Telephone
Postage		$8
$12	$0
$11	
$2	$0
$18	$0
$7	$0
$15	$0
$52	$0
$9	$0
$12	
$6	$0	
$156	

$73	$365	
$0	$10,147	
$0	$1,969	
	$1,099	

Trustee Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$4,337	$0

Printing and Binding

$70

$0	$1	$0

Insurance	$10,147	$0	$0	$0	$0	$0	$0

$74

$98

Legal Advertising	$0	$0	$0	$204	$208	$0	$208	$230	$0	$584

Contingency	$81	$66	$114	$64	$74	$99

$53

$161

PropertyTaxes	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Property Appraiser	$902	$0	$0	$0	$0	$0	$0		$0		$0	$902	
Office Supplies	$1	$1	$0	$1	$0	$21		$21	$1	$0	$23	
Dues, licenses, Subscriptions		$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
TotalAdministrative	I	$23,101	$4,706	$4,715	$7,995	$8,656	$7,615	$4,786	$7,815	$4,869	$5,171	$12,652	$4,834	$96,9161	

5

FALCON TRACE
COMMU NITY DEVELOPMENT DISTRICT

Maintenance
Field Management	Oct

$1,565	
Property Insurance	$6,245	
Pool Staff Payroll	$6,060	
Security	$56	
Telephone Expense	$381	
Electric	$1,314	

Nov	Dec 	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

$1,565	$1,565	$1,565	$1,565	$1,56�
so	$0	so	so
$4,351	$2,819	S175	S4,416	$5, 394
S81	$81	$81	$81

$0	S6,245

$580

$148

$148	$148	$148

$2,863

$677

$1,565	$1,565	$1,565
so	$0	so	so	so	$1,565	$18,780	
S6,269	S7,737	Sll,800	$8,043	$7,948	S6,559	$71,571	
$81	$81	$81	$81	$81	$81	$945	

$1,311	$1,198	$1,140	$1,298	Sl,296	$1,303	$1,286	$1,367	$1,406	$1,439	$1,450	$15,807

lrrigationf\o\later

S721	S766	$880	$721	S750	S809	$841	$452	S634	S613

$8,412

Pest Control		$360	$0	
Pool Maintenance		$1,833	$1,045	
Grounds Maintenance		$2,128	$2,256	
General Facility Maintenance		$80	$0	
Refuse Service		$289	$290	

Lake Maintenance	S300	$300	$300	$300	$300	$300	$300	$300	$300	S300	$2,000	$300	$5,300
$0	$0	$0	$0	$0	$0	$0	S360
$1,969	S2.12S	$5,322	$1,680	$2,169	$2,986	$1,400	$24,240
$2,384	$2,256	$2,256	$2,256	$2,256	$2,256	$2,256	$2,256	$2,256	$27,345

$1,024	$595

$316

$88	$502	$805	$692	$12,257

$290	$335	$335	$335	$171	$335	$334	$333	$335

$0	$0	$0	$0	so	$14,382			so	$0		$0	$14,382	
S2.l,157	$12,299	511,207		S1 3,920			$20,517	$20,561	$18,256	$18,588	$14,092	s212.2201	
	$17,005	$15,923	$18,5n	$22,576	$39,952	$23,489	$28,332	$25,430	$23,427	$31,240	�18,926	$309,136_]	
	S9,034	$238,411	($1,152)	($139)	($18,850)		($25,250)	($20,551)		($30,335)	($18,893)	$58,502 1	

Field Contingency	$0	$0	$0
Transfer Out

Total Maintenance	I
Total Expenditures	I
Excess Revenues (Expenditures)	I

so	$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 DEFIN ITION 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 LESS: PRINCIPAL PAYM ENT 5/1/14 LESS: PRINCIPAL PAYM ENT 5/1/15 LESS: PRINCIPAL PAYMENT 5/1/16 LESS: PRINCIPAL PAYM ENT 5/1/17 CURRENT BONDS OUTSTANDING

($310,000)

$1,155,000

7

FALCON TRACE

	Gross Assessments	$	818,633	$	378,569	$	440,064		
	Net Assessments	$	769,515	$	355,855	$	413,660		

Date		
Gross Assessments	
Discounts/	
Commissions	
Interest	J
Net Amount	
General Fund	2007
Debt Svc Fund	
Total	
Received	Dist.#	Received	Penalties	Paid	Income	Received	46.24%	53.76%	100%	
11 /3/16		$	7,438.82	$	368.56	$	$	$	7,070.26	$	3,269.58	$	3,800.68	$	7,070.26	
11/1 0/16	2	$	8,177.94	$	327. 15 	$	$	$	7,850.79	$	3,630.52	$	4,220.27	$	7,850.79	
11/1 7/1 6	3	$	42,707.02	$ 1, 708.45	$	$	$ 40,998.57	$	18,959.41	$ 22,039.16 	$ 40,998.57	
1 2/5/16	4	$	1 98,01 8.62	$ 7,921.53	$	$	$ 1 90,097.09	$	87,908.63	$ 102, 1 88.46	$ 190,097.09	
1 2/12/16	5	$	39,981.04	$ 1,599.40	$	$	$ 38,381.64	$	17,749.23	$ 20,632.41	$ 38,381.64	
1 2/1 8/1 6	6	$	334,806.58	$ 13,393.59	$	$	78.78 $ 321 ,491 .77	$ 148,670.88	$ 172,820.89	$ 321,491.77	
1/17/17	7	$	39,072.38	$ 1, 563.05	$	$	$ 37,509.33	$	17,345.84	$ 20,163.49 $ 37,509.33	
2/14/17	8	$	50,926.69	$ 2,000.39	$	421.41	$	$ 48,504.89	$	22,430.64	$ 26,074.25 $ 48,504.89	
3/13/17	9	$	46,428.55	$ 1,291. 36	$	$	341 .15 	$ 45,478.34	$	21 ,031.04	$ 24,447.30 $ 45,478.34	
4/17/17	10 	$	27,145.46	$	94.05		$ 27,051.41	$	12,509.67	$ 14,541 .74	$ 27,051.41	
5/15/17	11 	$	5,268.14 	$	$	$	88.52	$	5,356.66	$	2,477.14 	$	2,879.52	$	5,356.66	
6/12/17	12 	$	9,086.60	$	$	$	296.42	$	9,383.02	$	4,339.09	$	5,043.93	$	9,383.02	
7/17/17		$	9,535.94	$	$	$	366.96	$	9,902.90	$	4,579.50	$	5,323.40	$	9,902.90	
9/1 8/1 7	14 	$	51.31	$	$	$	$	51.31	$	23.73	$	27.58	$	51.31	

COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS · FY2017 TAX COLLECTOR

$	$	$	$

Totals	$	81 8,645.09     $ 30,267.53    $	421.41    $	1, 171.83 $ 789, 1 27.98 $ 364,924.89 $ 424,203.09 $ 789, 1 27.98

8

This item will be provided under separate cover