Falcon Trace Community Development District

Agenda October 19, 2016

 	

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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 12, 2016 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 19, 2016 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 August 19, 2016 Meeting
Presentation of Memorandum and Consideration of Resolution 2017-01 Adopting Policies Related to Prompt Payment
Consideration of Resolution 2017-02 Amending the Fiscal Year 2016 Budget
Discussion of Dissemination Agent
Acceptance of Termination of Prager & Co., LLC
Consideration of Proposal for Dissemination Agent
Discussion of Pool Rules
Staff Reports
Attorney
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager's Report
Supervisor's Requests
Next Meeting Date - January 18, 2017
Adjournment
The second order of business 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 19, 2016 meeting. The minutes are enclosed for your review.
The fourth order of business is the presentation of the memorandum prepared by District Counsel and consideration of Resolution 2017-01 adopting policies related to prompt payment. A copy of the memo and Resolution are enclosed for your review.

The fifth order of business is the consideration of Resolution 2017-02 amending the Fiscal Year 2016 budget. A copy of the Resolution and the amended budget are enclosed for your review.
The sixth order of business is the discussion of Dissemination Agent. Section A is the acceptance of termination of Prager & Co., LLC. A copy of the termination letter is enclosed for your review. Section B is the consideration of proposal from GMS-CF, LLC to serve as Dissemination Agent. A copy of the proposal is enclosed for your review.
The seventh order of business is the discussion of the pool rules. This is an open discussion  item and no back-up material is available.
Section B of the eighth 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.

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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

 	

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 17, 2016 at 6:00 p.m. at the Big Hawk Lake Recreational Center, 13600 Hawk Lake Drive, Orlando, Florida.

Present and constituting a quorum were:

Andrew Gammon Sara Hurst
Kathy Stark
Sue Marchesi Baron Carole Miller

Also Present were:

Jason Showe Lindsay Whelan Alan Scheerer David Tuel

FIRST ORDER OF BUSINESS
Mr. Showe called the meeting to order.

SECOND ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager
District Counsel by telephone Field Manager
Head Pool Attendant

Roll Call

Public Comment Period

There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the lVIinutes of the July 20, 2016
meeting
Mr. Showe stated the next item is approval of the Minutes of the July 20, 2016 meeting.
Those minutes have been provided as part of your agenda package and we can take any corrections or changes to those at this time.
There being none,

August 17, 2016	Falcon Trace CDD

On MOTION by Mr. Gammon seconded by Ms. Stark with all in favor the minutes of the July 20, 2016 meeting were approved.

FOURTH ORDER OF BUSINESS	Public Hearing

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

Consideration of Resolution 2016-05 Adopting the Fiscal Year 2017 Budget and Relating to the Annual Appropriations
Mr. Showe stated the next item is consideration of Resolution 2016-05 adopting the
Fiscal Year 2017 budget and the annual appropriations that go with it. We provided that proposed budget as part of your agenda package. We kept the assessments level and we can make changes to the account lines throughout the year as needed. We also included the backup that details how those account lines were derived and if we have a contract in place. We also have the capital projects fund on page 6 and the debt service on page 7. We can answer any questions you may have. There were no comments from the public on the proposed budget.

Ms. Millerjoined the meeting at this time.

On MOTION by Mr. Gammon seconded by Ms. Hurst with all in favor Resolution 2016-05 adopting the Fiscal Year 2017 budget and relating to the annual appropriations was approved.

Consideration of Resolution 2016-06 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Showe stated the next item is Resolution 2016-06 and this is the mechanism that
actually levies the assessments on the tax bills. Attached to this resolution in its final form will be the adopted budget and the tax roll.

On MOTION by Mr. Gammon seconded by Ms. Stark with all in favor Resolution 2016-06 imposing special assessments and certifying an assessment roll was approved.

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August 17, 2016	Falcon Trace CDD

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

FIFTH ORDER OF BUSINESS	Consideration of Contracts
Grau & Associates to Provide Auditing Services for Fiscal Year 2016
Mr. Showe stated next is the agreement with Grau & Associates for preparation of the Fiscal Year 2016 audit. The amount they proposed is within their agreement and is $3,400 and that is what we have in the budget. There is an addendum to the agreement that Counsel prepared.

On MOTION by Mr. Gammon seconded by Ms. Baron with all in favor the engagement letter with Grau & Associates to perform the Fiscal Year 2016 audit was approved.

Aquatic	Weed	Management,	Inc.	Regarding	the	Provision	of	Lake Maintenance Services
Mr. Showe stated the next item is an agreement with Aquatic Weed Management, Inc.
and they propose no additional increase in terms.

On MOTION by Mr. Gammon seconded by Ms. Hurst with all in favor the agreement with Aquatic Weed Management, Inc. for lake maintenance services was approved.

REW Custom Landscape, LLC Regarding the Provision of Landscape and Irrigation Maintenance Services
Mr. Showe stated the next item is an agreement with REW Custom Landscape for the
landscape and irrigation work for the District. On page 2 there is a blank under compensation. They were notified by the state that there is a 20% increase in workers comp costs and they have asked for a 6% increase in their compensation this year of $127 per month. There are enough funds in the budget to cover that and they have not had an increase in their contract since 2013.
Mr. Scheerer stated they are very responsive any time we have an issue and we are very pleased.

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August 17, 2016	Falcon Trace CDD

On MOTION by Mr. Gammon seconded by Ms. Miller with all in favor the agreement with REW Custom Landscape, LLC to provide landscape and irrigation maintenance services was approved.

SIXTH ORDER OF BUSINESS	Discussion of Pool Rules
Mr. Showe stated these rules were adopted through the rulemaking process and any changes would need to go through the rulemaking process.
Ms. Whelan stated there was discussion at the last meeting regarding whether to change the rules relative to the pe1missible age of an unaccompanied minor at the District's facilities. In terms of doing that, it is a policy decision. I will caution you, in other communities, sometimes lowering the unaccompanied minor age is a slippery slope and if you reduce it to 16, residents will then want you to reduce it to 15 and so on. There was also a discussion regarding whether the Board could have different suspension provisions for different ages. We looked into that matter and after doing research, we do not recommend setting different suspension rules for different ages or categories of people. By setting different suspension rules, the District could be setting itself up for a discrimination lawsuit in the event that two children, one who is an accompanied minor and another who is perhaps six months older and who is then treated as an unaccompanied minor under our rules, are subject to different suspension provisions for committing the same infraction. Obviously the intent of the rule is not to discriminate, but if you have two children of different races or genders who are very close together in age and who commit the same infraction, but who are punished differently, that could set the District up to be sued.
Mr. Showe stated in summary she is proposing to set one suspension policy regardless of age, as opposed to having different suspension rules for different ages.
Ms. Hurst stated I think our challenge is that we are putting a lot of additional responsibility on our staff. We are expecting them to be able to monitor the pool and effectively keep the facility the way we want it to be, ,vhich may or may not include taking care of our residents should they need assistance under the Good Samaritan law but we want to make sure they have the capacity to do that rather than have to worry about somebody there who says they are 16 but didn't bring their driver's license or I'm 17 but my friend is 18. It is tough and that age group is close, freshman, junior, seniors they are all in class together. We made the rule for a reason we should probably stick with the rules we made at the time and in looking over the

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August 17, 2016	Falcon Trace CDD

rules there are things that we should probably look at another juncture. I would love to do that, but I don't want to add any more work to our pool staff without finding a way to help them and I don't know that we can really afford that.
Mr. Gammon asked if we allow 16 and 17 year olds to have a card that would automatically give them guest privileges wouldn't it?
Mr. Showe stated yes if they have a card they are treated as a resident under the rules and would be able to bring their friends.
Mr. Gammon stated with giving 16 and 17 year olds having their own card and having guest privileges I see this facility going backward and I'm not willing to do that. I'm going to have to say no.
Ms. Stark stated I see it as we are seeing trouble where trouble may not be, but when I'm here I see more issues with 18 and 19 year olds and I drive by the pool in the summer and it was empty and if you have 20 16 year olds who want to take a swim at least our pool would get utilized. It is not like we can't revisit the issue and say we may have to amend the rules because it just went crazy but I think we are saying there is going to be trouble before we have even given it a look. I know most of the 16 and 17 year olds in this neighborhood and most of them are pretty respectful; it is the 18 and 19 year olds that I have an issue with. I would rather see the pool used than not used and because my son is 16 I don't feel like I need to sit down there and babysit him.
Ms. Hurst stated I understand not making a separate classification that would bring up a lot of challenges, maybe it is something we can continue to consider but not make a decision on tonight.
Mr. Showe stated it is a rulemaking process and whenever the Board decides to change the rules we can go through that process. We encourage you to try to make all the rule changes at once because there are advertising costs and a process you have to follow. The resident who requested this change said that it is not going to help him once school starts.
Ms. Hurst stated that gives us time to define it. In looking at our rules there is one that we need to fix and I think we can do that without having the rulemaking process and that is it says no animals allowed and we just had that conversation about service animals at the last meeting. Can we add that service animals are allowed per Florida Law without having to go through the rules process?

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August 17, 2016	Falcon Trace CDD

Mr. Showe stated I think you already adopted that resolution so it should supersede and that is a state law.
Ms. Hurst stated there are things in here that we don't adhere to now such as a 10 minute break for adults to be able to swim every hour. That doesn't happen.
Mr. Gammon asked Dave is there anything in here that has been a challenge for you to administer?
Mr. Tuel responded no, we have had a few problems and the IO-minute break has never been in effect since I have been here.
Mr. Showe stated we will hang onto those and whatever Board direction is let us know.

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

Manager
Approval of Check Register
Mr. Showe stated the next item is approval of the check register for checks 3424 through 3448 for $61,961.90 and July payroll for $923.50 for a total of $62,885.40 and Alan and I can answer questions about the invoices that follow the summary.

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

Balance Sheet and Income Statement
Mr. Showe stated the next item is the balance sheet and income statement. There is no action required by the Board on this item.

Field Manager's Report
Mr. Scheerer gave an overview of the Field Manager's report.

Presentation of Arbitrage Rebate Calculation Report

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August 17, 2016	Falcon Trace CDD

Mr. Showe stated the next item is presentation of the arbitrage rebate calculation report that we do annually and essentially there is no arbitrage rebate liability that we have.

On MOTION by Ms. Stark seconded by Ms. Hurst with all in favor the arbitrage rebate calculation report was accepted.

Approval of Fiscal Year 2017 Meeting Schedule
Mr. Showe stated the next item is the Fiscal Year 2017 meeting schedule. We kept the same schedule that we have used in the past, October 19, 2016, January 18, 2017, March 15, 2017, May 17, 2017, July 19, 2017 and August 16, 2017. That will be the ad that goes in the paper and we also post it up here.

On MOTION by Mr. Gammon seconded by Ms. Miller with all in favor the Fiscal Year 2017 meeting schedule was approved.

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

NINTH ORDER OF BUSINESS	Next Meeting Date - October 19, 2016
Mr. Showe stated the next meeting is scheduled for October 19, 2016.

On MOTION by Mr. Gammon seconded by Ms. Hurst with all in favor the meeting adjourned at 6:33 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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RESOLUTION 2017-01

A RESOLUTION AMENDING THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FOR FISCAL YEAR 2016

WHEREAS,	the	Board  of	Supervisors	of	the  Falcon  Trace	Community Development District adopted a General Fund Budget for Fiscal Year 2016; and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year; and

WHEREAS, the Board has sixty (60) days after the Fiscal Year has ended to approve additional budget amendments.

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT THE FOLLOWING;

The General Fund Budget for Fiscal Year 2016 is hereby amended in accordance with Exhibit "A" attached.

This resolution shall become effective this 19th day of October 2016 and be reflected in the monthly and Fiscal Year End 9/30/2016 Financial Statements and Audit Report of the District.

Adopted this 19th day of October, 2016.

Chairman/Vice Chairman

Secretary/Assistant Secretary

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Falcon Trace
Community Development District Amended Budget
FY 2016

Table of Contents

1	 	General Fund

Falcon Trace                Community Development District General Fund
Fiscal Year 2016

DESCRIPTION

ADOPTED BUDGET F/Y 2016

AMENDED
INCREASE/	BUDGET
DECREASE	F/Y 2016

ACTUALS AS OF 09/30/16

REVENUES:

Maintenance Assessments	$355,855	$0	$355,855	$364,372
Miscellaneous Income	$1,000	$3,000	$4,000	$3,640 Interest Income		$0		$150		$150		$112
Carry Fonvard Surplus	$0	$46,931	$46,931	$0

I TOTAL REVENUES	$356,855	$50,081	$406,936	$368,123 I
EXPENDITURES:

Administrative:

Supervisors Fees	$8,000	($2,000)	$6,000	$5,800
FICA Expense	$612	($162)	$450	$444
Engineering Fees	$5,000	($4,000)	$1,000	$0
Dissemination	$1,000	$0	$1,000	$1,000
Assessment Roll	$5,000	$0	$5,000	$5,000
Arbitrage Rebate	$600	$0	$600	$600
Attorney Fees	$15,000	$2,000	$17,000	$14,938
Annual Audit	$3,300	$0	$3,300	$3,300
Trustee Fees	$4,327	$10	$4,337	$4,337
Management Fees	$50,112	$0	$50,112	$50,112
Computer Time	$1,000	$1,000	$1,000
Website Maintenance	$450	$0	$450	$450
Telephone	$100	($50)	$50	$25
Postage	$1,000	($500)	$500	$228
Printing and Binding	$1,500	($900)	$600	$555
Insurance	$Jl,009	($1,061)	$9,948	$9,948
Legal Advertising	$2,500	($500)	$2,000	$1,521
Contingency	$1,200	$0	$1,200	$1,006
Property Taxes	$0	$0	$0
Property Appraiser	$1,000	$0	$1,000	$902
Office Supplies	$800	($600)	$200	$155

($7,763)

Dues, Licenses, Subscriptions	$175	$0	$175	$175

I TOTAL ADMINISTRATIVE	$113,685
Maintenance:

$105,922	$101,495 I

Field Management	$18,780	$0	$18,780	$18,780
Property Insurance	$7,026	$0	$7,026	$6,245
Pool Staff Payroll	$74,778	$0	$74,778	$71,484
Security	$920	($220)	$700	$612
Telephone Expense	$4,000	$500	$4,500	$4,322
Electric	$18,900	($2,900)	$16,000	$15,475
Irrigation/Water	$13,500	($4,500)	$9,000	$8,820
Lake Maintenance	$8,600	$6,400	$15,000	$13,609
Pest Control	$650	$0	$650	$0
Pooi Maintenance	$32,000	$0	$32,000	$30,617
Grounds Maintenance	$29,036	$964	$30,000	$29,369
General Facility Maintenance	$7,000	$11,000	$18,000	$15,788
Refuse Service	$2,400	$600	$3,000	$2,802
Field Contingency	$5,000	($4,000)	$1,000	$0
Transfer Out - Current Year	$20,580	$50,000	$70,580	$70,580

$57,844

I  TOTAL MAINTENANCE	$243,170		 	$301,014	s28s,503 I
!TOTAL EXPENDITURES	 	$356,855	$50,081 	$406,936	$389,998  I

IEXCESS REVENUES �XPENDITURES)	$0	$0

($21,875)1

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Hopping Green & Sams
Attorneys and Counselors

MEMORANDUM
To:	Board of Supervisors
Falcon Trace Community Development District
From:	Mike Eckert
Date:	September 9, 2016
Re:	Prompt Payment Policies and Procedures

The purpose of this memorandum is to outline the Falcon Trace Community Development District's ("District") responsibilities under the Local Government Prompt Payment Act (Chapter 218, Part VII, Florida Statutes) ("Act"). The Act requires districts to establish procedures for marking payment requests or invoices as "received" and to establish dispute resolution procedures in the event a dispute occurs between a district and a contractor.

The accompanying proposed resolution and policy ("Prompt Payment Policies and Procedures") sets forth specific policies and procedures to ensure timely payment to vendors or contractors providing goods or services to the District and to provide guidance in contracting matters. The Prompt Payment Policies and Procedures will provide more protection for the District by establishing a process to deny and resolve instances of improper invoices such as an invoice for goods or services that fail to meet the contract requirements. As required by the Act, the Prompt Payment Policies and Procedures delineate the procedure for accepting and calculating the date of payment for construction services and non-construction goods and services.
If you have questions regarding the Prompt Payment Act, or the attached proposed Resolution and Prompt Payment Policies and Procedures, please do not hesitate to contact me.

Post Office Box 6526	Tallahassee, FL 32314	119 S. Monroe Street, Suite 300 (32301 )	850.222.7500	850.224-8551 fax	www.hgslaw.com

RESOLUTION 2017-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT ADOPTING PROMPT PAYMENT POLICIES AND PROCEDURES PURSUANT TO CHAPTER 218, FLORIDA STATUTES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Falcon Trace Community Development District (the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated in Orange County, Florida; and
WHEREAS, Chapter 218, Florida Statutes, requires timely payment to vendors and contractors providing certain goods and/or services to the District; and
WHEREAS, the Board of Supervisors of the District (the "Board") accordingly finds that it is in the best interests of the District to establish by resolution the Prompt Payment Policies and Procedures attached hereto as Exhibit A for immediate use and application.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The Prompt Payment Policies and Procedures attached hereto as Exhibit A are hereby adopted pursuant to this resolution as necessary for the conduct of District business. The Prompt Payment Policies and Procedures shall remain in full force and effect until such time as the Board may amend them; provided, however, that as the provisions of Chapter 218, Florida Statutes, are amended from time to time, the attached Prompt Payment Policies and Procedures shall automatically be amended to incorporate the new requirements of law without any further action by the Board.
SECTION 2. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect. All District resolutions, policies or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed, except as noted below.
SECTION 3. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED THIS
ATTEST:

Secretary/Assistant Secretary

DAY OF 	, 2016.

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

Exhibit A:	Prompt Payment Policies and Procedures

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

Prompt Payment Policies and Procedures
In Accordance With the Local Government Prompt Payment Act Chapter 218, Part VII, Florida Statutes

----, 2016

Falcon Trace Community Development District Prompt Payment Policies and Procedures
Table of Contents

I.	Purpose	1
IL	Scope	1
Definitions	1
Agent	1

Construction Services	1
Contractor or Provider of Construction Services	1
Date Stamped	1
Improper Invoice	2
Improper Payment Request	2
Non-Construction Goods and Services	2
Proper Invoice	2
Proper Payment Request	2
Provider	2
Purchase	2
Vendor	2
Proper Invoice/Payment Request Requirements	3
General	3
Sales Tax	3
Federal Identification and Social Security Numbers	3
Proper Invoice for Non-Construction Goods and Services	3
Proper Payment Request Requirements for Construction Services	4
Submission of lnvoices and Payment Requests	4
Calculation ofPayment Due Date	5
Non-Construction Goods and Services Invoices	5
Payment Requests for Construction Services	6
Resolution of Disputes	7
Dispute Between the District and a Contractor	7
Dispute Resolution Procedures	7
Purchases Involving Federal Funds or Bond Funds	8
Requirements for Construction Services Contracts - Project Completion; Retainage	8
Late Payment Interest Charges	9
Related to Non-Construction Goods and Services	9
Related to Construction Services	9
C.  Report of Interest	9

Purpose
In accordance with the Local Government Prompt Payment Act (Chapter 218, Part VII, Florida Statutes) ("PPA"), the purpose of the Falcon Trace Community Development District ("District") Prompt Payment Policies and Procedures ("Policies & Procedures") is to provide a specific policy to ensure timely payment to Vendors and Contractors (both hereinafter defined) providing goods and/or services to the District and ensure the timely receipt by the District of goods and/or services contemplated at the time of contracting. Please note that the PPA, like any statute or law, may be amended from time to time by legislative action. These Policies & Procedures are based on the statutory requirements as of the date identified on the cover page of this document. By this reference, as applicable statutory provisions subsequently change, these Policies & Procedures shall automatically be amended to incorporate the new requirements of law. These Policies & Procedures are adopted by the District to provide guidance in contracting matters. Failure by the District to comply with these Policies & Procedures shall not expand the rights or remedies of any Provider (hereinafter defined) against the District under the PPA. Nothing contained herein shall be interpreted as more restrictive on the District than what is provided for in the PPA.
Scope
These Policies & Procedures apply to all operations of the District, including Construction Services and Non-Construction Goods and Services, as applicable.
Definitions
Agent
The District-contracted architect, District-contracted engineer, District Manager, or other person, acting on behalf of the District, which is required by law or contract to review invoices or payment requests from Providers (hereinafter defined). Such individuals/entities must be identified in accordance with
§218.735 ( 1), Fla. Stat., and further identified in the relevant agreement between the District and the Provider.
Construction Services
All labor, services, and materials provided in connection with the construction, alteration, repair, demolition, reconstruction, or other improvement to real property that require a license under parts I and II of Chapter 489, Fla. Stat.
Contractor or Provider of Construction Services

The entity or individual that provides Construction Services through direct
contract with the District.
Date Stamped
Each original and revised invoice or payment request received by the District shall be marked electronically or manually, by use of a date stamp or other method, which date marking clearly indicates the date such invoice or payment request is first delivered to the District through its Agent. In the event that the

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Agent receives an invoice or payment request, but fails to timely or physically mark on the document the date received, "Date Stamped" shall mean the date of actual receipt by the Agent.
Improper Invoice
An invoice that does not conform to the requirements of a Proper Invoice.
Improper Payment Request
A request for payment for Construction Services that does not conform to the requirements of a Proper Payment Request.
Non-Construction Goods and Services
All labor, services, goods and materials provided in connection with anything other than construction, alteration, repair, demolition, reconstruction, or other improvements to real property.
Proper Invoice
An invoice that conforms to all statut01y requirements, all requirements of these Policies and Procedures not expressly waived by the District and any additional requirements included in the agreement for goods and/or services for which the invoice is submitted not expressly waived by the District.
Proper Payment Request
A request for payment for Construction Services which conforms to all statut01y requirements, all requirements of these Policies & Procedures not expressly waived by the District and any additional requirements included in the Construction Services agreement for which the Payment Request is submitted not expressly waived by the District.
Provider
Includes any Vendor, Contractor or Provider of Construction Services, as defined herein.
Purchase
The purchase of goods, materials, services, or Construction Services; the purchase or lease of personal property; or the lease of real prope1iy by the District.
Vendor
Any person or entity that sells goods or services, sells or leases personal property, or leases real property directly to the District, not including Construction Services.

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Proper Invoice/Payment Request Requirements
General

Prior to Provider receiving payment from the District, Non-Construction Goods and Services and Construction Services, as applicable, shall be received and perfmmed in accordance with contractual or other specifications or requirements to the satisfaction of the District. Provision or delivery of Non-Construction Goods and Services to the District does not constitute acceptance for the purpose of payment. Final acceptance and authorization of payment shall be made only after delivery and inspection by the Agent and the Agent's confirmation that the Non-Construction Goods and Services or Construction Services meet contract specifications and conditions. Should the Non-Construction Goods and Services or Construction Services differ in any respect from the specifications, payment may be withheld until such time as the Provider takes necessary corrective action. Certain limited exceptions which require payment in advance are permitted when authorized by the District Board of Supervisors ("Board") or when provided for in the applicable agreement.
Sales Tax
Providers should not include sales tax on any invoice or payment request. The

District's current tax-exempt number is  	
exempt form will be supplied to Providers upon request.
Federal Identification and Social Security Numbers

. A copy of the tax-

Providers are paid using either a Federal Identification Number or Social Security Number. To receive payment, Providers should supply the District with the correct number as well as a proper Internal Revenue Service W-9 Form. The District Manager shall treat information provided in accordance with Florida law.
Providers should notify the District Manager when changes in data occur

(telephone	 	

email	_	 	

Fax

Proper Invoice for Non-Construction Goods and Services
All Non-Construction Goods and Services invoiced must be supplied or performed in accordance with the applicable purchase order (including any bid/proposal provided, if applicable) or agreement and such Non-Construction Goods and Services quantity and quality must be equal to or better than what is required by such terms. Uniess otherwise specified in the applicable agreement, invoices should contain all of the following minimum information in order to be considered a Proper Invoice:
Name of Vendor
Remittance address
Invoice Date
Invoice number

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The "Bill To" party must be the District or the Board, or other entity approved in writing by the Board of the District Manager
Project name (if applicable)
In addition to the information required in Section IV.D. 1-6 above, invoices involving the purchase of goods should also contain:
A complete item description
Quantity purchased
Unit price(s)
Total price (for each item)
Total amount of invoice (all items)
The location and date(s) of delivery of the goods to the District
In addition to the information required in Section IV.D. 1-6 above, invoices involving the purchase of services should also contain:
Itemized description of services performed
The location and date of delivery of the services to the District
Billing method for services performed (i.e., approved hourly rates, percentage of completion, cost plus fixed fee, direct/actual costs, etc.)
Itemization of other direct, reimbursable costs (including description and amount)
Copies of invoices for other direct, reimbursable costs (other than incidental costs such as copying) and one (1) of the following:

1. Copy of both sides of a cancelled check evidencing payment for costs submitted for reimbursement
11. Paid receipt
111. Waiver/lien release from subcontractor (ifapplicable)
Any applicable discounts
Any other information or documentation, which may be required or specified under the terms of the purchase order or agreement
Proper Payment Request Requirements for Construction Services
Payment Requests must conform to all requirements of Section IV.A.-D., above, unless otherwise specified in the terms of the applicable agreement or purchase order between the District and the Contractor.
Submission of Invoices and Payment Requests
The Provider shall subinit all Invoices and Payment Requests for both Construction Services and Non-Construction Goods and Services to the District's Agent as provided in the purchase order or agreement, as applicable, and to the District Manager as follows:
Submit the invoice and/or payment request, with required additional material and in conformance with these Policies and Procedures, by mail, by hand delivery, or via email (Note: email is the preferred method for receipt of Non-Construction Goods and Services invoices).

4

Mailing and Drop Off Address

c/o ----- --

Email Address

Calculation of Payment Due Date
Non-Construction Goods and Services Invoices
Receipt of Proper Invoice
Payment is due from the District forty-five (45) days from the date on which a Proper Invoice is Date Stamped.
Receipt of Improper Invoice
If an Improper Invoice is received, a required invoice is not received, or invoicing of a request for payment is not required, the time when payment is due from the District is forty-five (45) days from the latest date of the following:
On which delivery of personal property is fully accepted by the District;
On which services are completed and accepted by the District;
On which the contracted rental period begins (ifapplicable); or
On which the District and the Vendor agree in a written agreement that provides payment due dates.
Rejection of an Improper Invoice
The District may reject an Improper Invoice. Within ten (10) days of receipt of the Improper Invoice by the District, the Vendor must be notified that the invoice is improper and be given an opportunity to correct the deficient or missing information, remedy the faulty work, replace the defective goods, or take other necessary, remedial action.
The District's rejection of an Improper Invoice must:
Be provided in writing;
Specify any and ail known deficiencies; and
State actions necessary to correct the Improper Invoice.
If the Vendor submits a corrected invoice, which c01Tects the deficiencies specified in the District's written rejection, the District must pay the corrected invoice within the later of: (a) ten (10) business days after date the corrected invoice is Date Stamped; or (b) forty-five (45) days after the date the Improper Invoice was Date Stamped.

5

If the Vendor submits an invoice in response to the District's written rejection which fails to correct the deficiencies specified or continues to be an Improper Invoice, the District must reject that invoice as stated herein.
Payment of Undisputed Portion of Invoice
If the District disputes a portion of an invoice, the undisputed portion shall be paid in a timely manner and in accordance with the due dates for payment as specified in these Policies & Procedures.
Payment Requests for Construction Services
Receipt of Proper Payment Request
The time at which payment is due for Construction Services from the District is as follows:
If an Agent must approve the payment request before it is submitted to the District Manager, payment (whether full or partial) is due twenty-five
(25) business days after the payment request is Date Stamped. The Contractor may send the District an overdue notice. If the payment request is not rejected within four (4) business days after Date Stamp of the overdue notice, the payment request shall be deemed accepted, except for any portion of the payment request that is fraudulent, misleading or is the subject of dispute.
The agreement between the District and the Contractor shall identify the Agent to which the Contractor shall submit its payment request, or shall be provided by the District through a separate written notice no later than ten
(10) days after contract award or notice to proceed, whichever is later. Contractor's submission of a payment request to the Agent shall be Date Stamped, which shall commence the time periods for payment or rejection of a payment request or invoice as provided in this section.
If, pursuant to contract, an Agent is not required to approve the payment request submitted to the District, payment is due twenty (20) business days after the payment request is Date Stamped unless such payment request includes fraudulent or misleading information or is the subject of dispute.

Receipt and Rejection of Improper Payment Request
If an Improper Payment Request is received, the District must reject the Improper Payment Request within twenty (20) business days after the date on which the payment request is Date Stamped.
The District's rejection of the Improper Payment Request must:
Be provided in writing;
Specify any and all known deficiencies; and

6

State actions necessary to correct the Improper Invoice.
If a Contractor submits a payment request which corrects the deficiency specified in the District's written rejection, the District must pay or reject the corrected submission no later than ten (10) business days after the date the corrected payment request is Date Stamped.
Payment of Undisputed Portion of Payment Request
If the District disputes a portion of a payment request, the undisputed portion shall be paid in a timely manner and in accordance with the due dates for payment as specified in this section.
Resolution of Disputes
If a dispute arises between a Provider and the District concerning payment of an invoice or payment request, the dispute shall be resolved as set forth in § 2 18.735, Fla. Stat., for Construction Services, and § 2 18.76, Fla. Stat. for Non-Construction Goods and Services.
Dispute between the District and a Contractor
If a dispute between the District and a Contractor cannot be resolved following resubmission of a payment request by the Contractor, the dispute must be resolved in accordance with the dispute resolution procedure prescribed in the construction contract, if any. In the absence of a prescribed procedure in the contract, the dispute must be resolved by the procedures specified below.
Dispute Resolution Procedures
If an Improper Payment Request or Improper Invoice is submitted, and the Provider refuses or fails to submit a revised payment request or invoice as contemplated by the PPA and these Policies and Procedures, the Provider shall, not later than thirty (30) days after the date on which the last payment request or invoice was Date Stamped, submit a written statement via certified mail to the Agent, copying the District Manager, specifying the basis upon which the Provider contends the last submitted payment request or invoice was proper.
Within forty-five (45) days of receipt by the Agent and District Manager of the disputed, last-submitted payment request or invoice, the Agent and/or District Manager shall commence investigation of the dispute and render a final decision on the matter no later than sixty (60) days after the date on which the last-submitted payment request or invoice is Date Stamped.
Absent a written agreement to the contrary, if the Provider refuses or fails to provide the written statement required above, the Agent and/or District Manager is not required to contact the Provider in the investigation. In

7

addition, and absent a written agreement to the contra1y, if such written statement is not provided, the District may immediately contract with third parties to provide the goods and services subject to the dispute and deduct the costs of such third party purchases from amounts owed to the Provider.
The Board shall approve any decision of the District Manager to contract with a third party which would result in: 1) an expenditure above what is budgeted for the Construction Services or Non-Construction Services; or
2) an expenditure which exceeds the original contract amount for the Construction Services or Non-Construction Services by more than ten percent (10%) or Ten Thousand Dollars ($ 10,000).
A written explanation of the final decision shall be sent to the Provider, via ce1tified mail, within five (5) business days from the date on which such final decision is made. A copy of the written explanation of the final decision shall be provided to the Chairperson of the Board simultaneously with the certified mailing to the Provider.
If a Provider does not accept in writing the final decision within five (5) days after receipt by the Provider, the District may immediately contract with third parties to provide the goods and services subject to the dispute and deduct the costs of such third party purchases from amounts owed to the Provider. If the costs of the third party purchases exceed the amount the District owes to the Provider, the District may seek to recover such excess from the Provider in a court of law or as otherwise provided in an agreement between the District and the Provider. Nothing contained herein shall limit or affect the District's ability to enforce all of its legal and contractual rights and remedies against the Provider.
Purchases Involving Federal Funds or Bond Funds
When the District intends to pay for a purchase with federal funds or bond funds, the District shall make such purchases only upon reasonable assurances that federal funds or bond funds sufficient to cover the cost will be received. When payment is contingent upon the receipt of bond funds, federal funds or federal approval, the public procurement documents and any agreement with a Provider shall clearly state such contingency. (§ 218.77, Fla. Stat.).
iX.	Requirements for Construction Services Contracts - Proj ect Compietion; Retainage
The District intends to follow the PPA requirements for construction proj ect completion and rctainagc, including, but not limited to, § 218.735 (7) and (8), Fla. Stat.

8

Late Payment Interest Charges
Failure on the part of the District to make timely payments may result in District responsibility for late payment interest charges. No agreement between the District and a Provider may prohibit the collection of late payment interest charges allowable under the PPA as mandatory interest. (§218.75, Fla. Stat.).
Related to Non-Construction Goods and Services
All payments due from the District, and not made within the time specified within this policy, will bear interest, from thirty (30) days after the due date, at the rate of one percent (1%) per month on the unpaid balance. The Vendor must submit a Proper Invoice to the District for any interest accrued in order to receive the interest payment. (§ 218.74 (4), Fla. Stat.).
An overdue period of less than one (1) month is considered as one ( 1) month in computing interest. Unpaid interest is compounded monthly. The term one ( 1) month means a period beginning on any day of a month and ending on the same day ofthe following month.
Related to Construction Services
All payments for Construction Services that are not made within the time periods specified within the applicable statute, shall bear interest from thirty (30) days after the due date, at the rate of one percent (1%) per month, or the rate specified by agreement, whichever is greater. The Contractor must submit a Proper Payment Request to the District for any interest accrued in order to receive the interest payment. An overdue period of less than one ( 1) month is considered as one (1) month in computing interest. (§ 218.735 (8)(i), Fla. Stat.).
Unpaid interest is compounded monthly. The term one ( 1) month means a period beginning on any day of a month and ending on the same day of the following month.
Report of Interest
Ifthe total amount of interest paid during the preceding fiscal year exceeds $250, the District Manager is required to submit a report to the Board during December of each year, stating the number of interest payments made and the total amount of such payments. (§ 218.78, Fla. Stat.).

9

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JocuSign Envelope ID: CC5B1 699-B722-4B81-B308-8CA5822571CA

PRAGER. & Co., LLC
INVESTMENT BANKERS

TERMINATION OF DISSEMINATION AGREEMENT

August 3 0, 2016 
Falcon Trace Community D evelopment District c/o Darrin Mossing
Governmental Mgnt Services, LLC

Dear Mr. Mossing:

Pursuant to the Dissemination Agreement Section (3) Termination, PRAGER & Co., LLC hereby is providing notice to terminate the agreement as the District's Dissemination Agent effective September 30, 20 16.
Based upon the District Manager's prior involvement in providing information and assistance in complying with the terms and conditions ofthe Continuing Disclosure Agreement, we feel that the District will be well served with the District Manager serving as the Dissemination Agent.
It has been a privilege to serve as your Dissemination Agent. Please let us know how we can assist with the transition. Thank you for all of your cooperation and support.

Very truly yours,
PRAGER & Co., LLC
s

(F�! �s�
9FDF1292040F43L

Lloyd Leanse Managing Director

.

-

- -·

-····· ··- --·-·-· ... ·-··-···-·········-·----·--·-·-- ·----

··------···--···-·---·---w······

 	

Governmental Management Se rvices	
Serving Florida's New Communities

Dissemination Agent Proposal For
Falcon Trace Community Development District

Governmental Management Services - Central Florida, LLC proposes to act as Dissemination Agent ("Agent") for the Falcon Trace Community Development District ("District"). Agent will provide such services as required by the Continuing Disclosure Agreement(s) for current and future bond issues in accordance with Security and Exchange Commission's Rule 15c2-12(b)(5). The services are based upon the following fee structure:

Compensation
Current Bond Issues:

Annual Fee Due October 1st each year
Future Bond Issues:
One Time Set Up Fee (Paid from Bond Proceeds) Annual Fee Due October 1st each year
-During quarterly reporting requirements Annual fee Due October 1st each year
-After quarterly reporting requirements have ended.

$1,000 Per Bond Issue

$2,500 Per Bond Issue
$3,500 Per Bond Issue
$1,000 Per Bond Issue

GMS-CF, LLC
Authorized Officer

Date

Falcon Trace CDD Authorized Officer

Date

AGREEMENT BETWEEN FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT AND GOVERNMENTAL MANAGEMENT SERVICES-CENTRAL FLORIDA, LLC REGARDING DISSEMINATION AGENT SERVICES

THIS AGREEMENT, made and entered into on this _ day of	, 2016 by and between the Falcon Trace Community Development District, a local unit of a special purpose government established and existing pursuant to Chapter 190, Florida Statutes, hereinafter referred to as "DISTRICT", and Governmental Management Services-Central Florida, LLC, a Florida limited liability company hereinafter referred to as "GMS" whose address is 135 West Central Boulevard, Suite 320, Orlando, Florida 32801. 

WITNESSETH:
WHEREAS, the DISTRICT desires to employ the services of GMS for the purpose of providing Dissemination Agent Services for the DISTRICT, as required to meet the needs ofthe DISTRICT during the contract period; and
WHEREAS, GMS desires to assist the DISTRICT with such matters,
NOW, THEREFORE, in consideration of the mutual covenants and agreements expressed herein the parties agree as follows:

Duties:
The Dissemination Agent's duties shall consist ofthose duties as outlined in the Continuing Disclosure Agreement for the current and future bonds issued by the District.

Fees:

GMS will be responsible for all out-of-pocket expenses. The annual fee for GMS' services under this Agreement are detailed in the proposal approved by the DISTRICT'S Board of Supervisors dated October 19, 2016.

Tem1ination:
Both the District and GMS will have the right to terminate this Agreement upon 30 days prior written notice.

Representation ofthe District:
The District represents and warrants that it will not withhold any infomrntion necessary for GMS to carry out its duties under this Agreement and that it will supply all information requested by GMS

Indemnification:
To the extent pennitted by law, the District will indemnify GMS for any action or actions brought by Beneficiai Owners as a resuit ofthe faiiure (inciuding omission and misrepresentation) of the District to meet its requirements under this Agreement and the Continuing Disclosure Agreement.
Responsibility for Information:

The District acknowledges and agrees that the information to be collected and disseminated by the Dissemination Agent will be produced by the District and the Developer. The Dissemination Agent's duties are those of the collection and collation and not of authorship or production, consequently the Dissemination Agent shall have no responsibility for the content of the information disseminated by it and any and all securities law liabilities, including compliance with the Rule, will remain with the District and the Developer.
Waiver of Jury Trial:
EACH OF THE DISTRICT AND GMS KNOWINGLY WAIVES ANY RIGHT TO TRIAL BY JURY.
Agreement Governed by Florida Law:
The tenns and conditions of this agreement shall be governed by the laws of the State of Florida

IN WITNESS WHEREOF, the Board of Supervisors of the DISTRICT has made and executed this Contract on behalf of the DISTRICT and GMS have each, respectively, by an authorized person or agent, hereunder set their hand and seal on the date and year first above

BOARD OF SUPERVISORS FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT

By:

Chainnan

-------

GOVERNMENTAL	MANAGEMENT SERVICES-CENTRAL FLORIDA, LLC

By:_

_
Authorized Officer

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

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Falcon Trace
Community Development District
Check Register Smmnary

August 10, 2016 to October 10, 2016

Fund	Date	Check No.'s	Amount		
General Fund	8/11/16	3449-3451	$	886.15	
8/18/16 	3452-3453	$	4,171.47	
8/25/16 	3454	$	2,420.50	
8/26/16		$	7,753.19	
8/ 29/16	3456	$	127.73	
9/1 /16 	3457-3460	$	17,737.00	
9/8 /16 	3461-3466	$	15,620.61	
9/15/16	3467-3468	$	344.00	
9/20/16 	3469	$	12,592.25	
9/22/16 	3470-3473	$	2,073.35	
9/28/ 16	3474-3475	$	803.00	
9/29 /16 	3476	$	50,000.00	
	10 /6/16 	3477-3482	$	5,681.27	
			$	120,210.52	

Payroll	
August 2016			
	Andrew Gainmon	50250	$	184.70	
	Carole Miller	50251	$	184.70	
	Kathy Stark	50252	$	184.70	
	Sara Hurst	50253	$	184.70	
	Susan Baron	50254	$	184.70	

$	923.50

$

121,134.02 I

A* P*3* 00R	YEA*R* -*TO-DATEFALCONUNTRSAPCAEYACDBLDE-GPERNEEPARAILD/CFUOMNPDUTER  CHECK  REGISTER	RUN   10 / 11 / 16	PAGE	1

CHECK DATES 08/10/2016 - 10/10/2016 

BANK A FALCON TRACE CDD

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

CHECK	VEND#	. . . . . INVOICE .. . . . .   . • . EXPENSED TO . . .	VENDOR NAME

STATUS

AMOUNT

. . . . CHECK . . . . . 
AMOUNT	#

8/11/16 0001 2

8/11/16 00019 

8/11/ 16 00071 

8/01/16   1A4 R7 4BI5TRAGE2 -0 S1E6R0 7.2 30 01 07 -FY1 31 06 0-31300 
-  -  -  -  -  -  - -  -  -  - -  - -  -  -  - -GR-AU  AND  ASSOCIATES 7/12/16   2N8 O3 �1:9IC8 E2  OF2 0M1 E6 E0 T7 IN3 G1 -0 -7 5/ 1 23 /0 01 -6 48000 
- - - - - - - - - - - - - - - - - -OR-LANDO SENTINEL

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

8/04/16 720769	201607 320-53800-47500 

*	600 .00 

-  -  -  -  - - -  -  -  -  - -6 -00 -. 0 -0   003449 
*	200 .0 0
- - - -  -  -  -  - - - -  -2 -00 -. 0 -0   003450 
*	86.1 5

8/18/16 00071 

- - - -

R-EPLACE  POP  UP/ROTOR	REW  LANDSCAPE  CORP

*	- - - - - - - - - -

86.1 5 003451 

8/01/16 720715	201608 320-53800-47500 
MTHLY POOL LANDSCP-AUG 16	REW LANDSCAPE CORP

2, 127.9 2
2, 1 27 .9 2 00 3452 

8/18/16 00022 

8/25/16 00015 

- - - - - - - - - - - - - - - - - - -
7/19/16   2 39 40 70 -5B6ULK2B0L1E6A0 7CH320- 538 00- 47400 
7/28/16 294980	201607 32 0-53 80 0- 47400 
SODIUM BICARD /CYANURIC AC 8/01/16 295317	201608 320-538 00- 47400 
300 -BULK BLEACH
8/04/16 295262	201608 320-5380 0-474 00 
SULFURIC AC ID-15 GAL . QTY-7 
8/04 /16   2 92 58 04 -0B9ULK2B0L1 E6A0 8CH32 0- 5380 0-4 7400 

- - - - - - - - - - - - - - - - - -SP-IES  POOL ,  LLC  8/19/16 89240	201607 31 0-51300 -3 1500 
PREP/ATTEND BOARD MEETING
8/19/16 89241	201607 310- 51300 -31500 

- - - - - - - - - - - - - - -
*	503 .0 0
*	196 .9 0
*	503 .0 0
*	370 .6 5
*	470 .0 0

-  -  -  -  -  -  -  -  -  -  -2 -, 0 -43 -. 5 -5   003453 
*	1,5 00.0 0
*	92 0.5 0

SERV . AMIMAL /FAIR  HOUSIN-G	HOPPING  GREEN  &   SAMS

-  -  -  -  -  -  -  -  -  -  -2 -,4 2- 0-.5 0-

003454 

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

*	7, 7 53 . 1 9

8/26/16 00027 

8/29/16 00 054 

8/23 /16 389	201608 320- 5380 0-122 00 

8/29/16 08292016 201608 300-20700-10000 

- -	- -	- - -	-

-  -  -  -  POOL-ATTEND-ANTS -AUG-16   -  - -GO-VERNMENTAL  MANAGEMENT  SERVICES

- -  - -  -  -  - -  -  -  -7 -,7 5-3 -. 1 -9   003455 
*	127 .7 3

- - - -

F-Y16  DE-BT-

SERV-ICE  A-SSESS	FALCON  TRACE  CDD  C/O  US  BANK

- - -  -  - -  -  - - - -  -1 -27-.7 3-

003456 

MTHLY  LAKE  MAINT-AUG 1 6 

- -	- -	-	- - - - -

*	300 .00 

9/01/16 00079 

8/24/16 8 2 2 6	2 0 1 6 0 8 3 2 0 -5 3 8 00-47000 
AQUATIC WEED MANAGEMENT , INC . FALC FALCON TRACE KCOSTA

300 . 0 0 003457 

A* *P3* 00R	YEA*R* -TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN  10/11/16	PAGE	2

CHECK DATES 08/10/2016 - 10/10/2016 

FALCON TRACE CDD -GENERAL FUND BANK A FALCON TRACE CDD

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

STATUS

AMOUNT

. . . . CHECK . . . . . 

#

AMOUNT

9/01/16 00067 

8/23 /16 4794	20160 9 300 -15500-10000 
PROPERTY INSURANCE-FY!? 
8/23/16 4794	201609 300 -15500- 10000 

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

GEN . LIAB/PUB . OFFICE-FY17	EGIS INSURANCE ADVISORS , LLC .

9/01/16 00022 

9/01 /16 00094 

9/08/1 6 00078 

9/08/16 00071 

8/18/16 295688	20160 9 32 0-53 80 0- 47400 

*	6, 245 .0 0
*	10 , 1 47 . 0 0

*	30 .0 0

16,392 .0 0 003458 

- - -

TANK RENTAL FEE- SEP 16 

SPIES POOL , LLC

8/25/16 69302	201608 320 -53 800 -47400 

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

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

*	1,0 15 .0 0

30 .0 0 00 3459 

- - - -

MTHLY POOL SERVICE-AUG16	THREE GUYS POOL SERVICE & REPAIR

9/01/16 85003	201609 320-53800-47600 

*

262 . 9 7

1,0 1 5. 0 0 003460 

-

- - - - - - - - - -

PROXIMITY
- - - - - - - -

CARDS	DATA EQUIPMENT , INC .

- -  -  -  -  -  -  -  -  -  -  -2 -62 -. 9 -7  003461 
*	2, 1 27 .9 2

9/08/16 00022 

9/01/16   7M2 T0 H9 L2 Y2  POO2L0 1L6A0N9DS3 C2 P0 --S5E3 P8 01 06 -47500 
-  -  -  -  - -  -  -  -  -  -  -  -  -  -  -  -  -RE-W  LANDSCAPE  CORP 8/10/16 29 621 3	20160 8 320-53800-47400 

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

INSTL 3 LED  POOL  LIGHTS 8/22/16 295965	201 608 32 0- 538 00-47400 

-  -  -  -  -  -  -  -  -  -  -2 -, 1 -27 -. 9 -2  00 3462 
*	2,0 45 .0 0
*	503 .0 0

9/08/16 00046 

- - -

300 -BULK BLEACH	SPIES POOL , LLC

-  -  -  -  -  -  -  -  -  -  -2 -,5 4-8 -.0 -0  003463 

*	4,3 36.9 4

8/25/16 4387862	201608 31 0-513 00 -3 2300 

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

-  -	TRUSTEE FEES-SER .2 007	US BANK

-  -  - -  - -  - -  -  -  -4 -,3 -36 -. 9 -4   003464 

*

*	4, 1 76.0 0

9/08/16 00027 

9/01/16 390	201609 310 -51300- 34000 
MANAGEMENT FEES SEPT1 6
9/01/16 390	201609 31 0- 51300 -35100 

*

COMPUTER TIME SEPT16 
9/01/16 390	201609 31 0- 513 00-35200 

*

WEBSITE ADMIN SEPT16 
9/01/16 390	201609 31 0-51300 -51000 

*

OFFICE SUPPLIES SEPT16 
9/01/16 390	201 609 310 -51300- 42000 

*

POSTAGE SEPT1 6
9/01/16 390	20160 9 310 -5130 0-42 500 

COPIES SEPT! 6	GOVERNMENTAL MANAGEMENT SERVICES
FALC FALCON TRACE KCOSTA

83 .3 3
37.50 
21.1 7
19 .3 7
42 .4 5

4, 379 . 8 2 00 3465 

A* P* 3* 00R	YEA*R* *-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN   10/ 11/16	PAGE	3

CHECK DATES 08/10/2016 - 10/10/2016 

FALCON TRACE CDD -GENERAL FUND BANK A FALCON TRACE CDD

CHECK	VEND#

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

STATUS

AMOUNT

. . . . CHECK . . . . . 
AMOUNT	#

9/08/16 00027 

9/20/16 00 027 

9/22/16 00 092 

9/22/16 00019 

9/22/16 00090 

9/01/16 391	201609 320-53800-12000	*

*

FACILITY MAINT SEPT1 6
9/01/16 391	201609 320-53800-47400 

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

KIDDIE  POOL SWING SEPT16	GOVERNMENTAL MANAGEMENT SERVICES

9/15/16 00010 

9/15/16 00041 

9/06/16   5P-O5S3T6A-G3E9   20 80 /1 36 0 /8 2 30 1 06 -5 1300 -42000	*
- - - - - - - - - - - - - - - - - -FE-DEX
8/30/16 9149	201608 320-5380 0- 47600	*

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

REPLACED LAMP /BALLAST	TERRY 'S ELECTRIC INC
9/15/16 392	201609 30 0-15500-10000	*

*

FYll7 ASSESSMENT ROLL CERT
9/ 20/16   3 P9 O3 OL  ATTE2N0D1A6 N0 T9S 3 -2 0 S-E5P3T8 0. 01 -6 12200 

-  -  -  -  -  -  -  -  -  - -  -  -  -  -  -  -  -GO-VERNMENTAL  MANAGEMENT  SERVICES
8/29/16 P14916	201608 320-53800-47600	*

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

REMOVE /REPAIR BACKFLOW	BROWNIES SEPTIC & PLUMBING
9/30/16 2880684	201608 31 0-51300-48000	*

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

NO�:ICE BDGT ADOPT MTG .	ORLANDO SENTINEL

-

- - - -

9/12 /16 7295566	201609 300 -15500-10000	*

1,5 65 .0 0
399 .96 

35 .00 

309 .0 0

5,0 00 .0 0
7,5 92 .25 

1, 485 .0 0

525 .3 1

55 .7 7

1,9 64 .96 003466 

35 .0 0 00 3467 

309 .0 0 003468 

12, 592 .2 5 003469 

1,4 85 .00 00 3470 

525 .31 003471 

9/22/16 00 054 

SECURITY  MONITORING
- - - - - - - - - - - - -

O-CT 16	SAFE  TOUCH  SECURITY  SYSTEMS

- - - - - - - - - - - -
*	7.2 7

5-5 -. 7 -7  -0 0 -3 4 -7 2

9/28/16 

00079 

9/22/16 09222016 201609 300-20700-10000 

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

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

FYl. 6  DEBT SERVICE AS SESS	FALCON TRACE CDD C/O US BANK 9/ 26/16 8287	201609 320-5380 0-47000 

- - - - - - - - - -
*	300 .0 0

7.2 7 003473

9/28/16 00022 

- - -

MTHLY LAKE MAINT-SEP16	AQUATIC WEED MANAGEMENT , INC .

-  -  -  -  -  -  -  - - - -  -3 -00 -. 0 -0   003474 
*	503 .0 0

9/12/16 296925	201609 32 0- 538 00-47400 

- - -

300 -BULK BLEACH	SPIES POOL , LLC

*	50,0 00 .0 0

503 .0 0 003475 

9/29/16 00088 

9/ 29/16 09292016 201609 320-58 100-10000 
FY1 6  CAPITAL  RESERVE  FUND	FALCON  TRACE  CDD
FALC FALCON TRACE KCOSTA

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

50, 000 .0 0 003476 

AP3 0 0R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/ 11/16	PAGE	4
*** CHECK DATES  08/10/2016 - 10/10/2016 ***	FALCON TRACE COD -GENERAL FUND
BANK   A  FALCON  TRACE COD

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

AMOUNT

. . . . CHECK . . . . . 
AMOUNT	#

10/06/16 0001 5	9/ 30/1 6 90027	201608 31 0-5130 0-3 1500 
PREP/ATTEND BOARD MEETING	HOPPING GREEN & SAMS

10/06/16 00015	9/30/16 90028	201 608 310 -513 00 -3 1500 

*	1, 5 26.5 0
- - - - - - - - - - -1 -, 5 2-6 -.5 0-
*	750 .0 0

00 3477 

POOLPOLICY/LNDSCP&AQUAGRM	HOPPING GREEN & SAMS 10/06/16 00071	10/01/16 721060	201610 320- 53800 -47500 

- - - - - - - - - - - -7 -50 -.0 -0   003478 
*	2, 1 27 .9 2

POOL LNDSCAPE MAINT-OCT 16 

REW LANDSCAPE CORP

- - - - - - - - - -

2, 1 27 .92 003479 

10/06/16 00022 

10/06/16 00022 

9/18/16 296992	201610 320- 53800- 47400 

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

TANK RENTAL FEE	SPIES POOL , LLC
9/23/16 297222	201 609 320 -53800- 47400 

*	30 .0 0
- - - - - - - - - -
*	231 . 8 5

30 .0 0 003480 

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

-	lO 0LB CYANURIC/SODIUMBCRB	SPIES POOL , LLC

- - - - - - - - - - - -2 -31-. 8 -5  003481 

10/06/16 00094 

9/25/16 69395	201 609 320- 53800- 47400	* MONTHLY POOL SRVICE-SEP 16	THREE GUYS POOL SERVICE & REPAIR
TOTAL FOR BANK A TOTAL FOR REGISTER

FALC FALCON TRACE KCOSTA

1, 015 .0 0

120 ,21 0 .5 2
120 ,2 10 .5 2

1, 015 .0 0 003482 

..,,

Fa lcon Trace
Com mun ity Development District

Unaudited Financial Reporting September 30, 2016

G�

1'

..

Governmental - Management 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
Series 2007

FALCON TRACE
COM MUN ITY  DEVELOPM ENT DISTRI CT
COMBINED BAlANCE SHEET
September 30, 2016

General

Debt Service

Governmental Fund

Capital Projects

----------

$59,145	----------

----------	$245,780

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

$57,550
----------

Totals (memorandum only) 2016
$59,145
$245,780
$57,550

Prepaid Expense	$21,448	----------	----------	$21,448	
Irota I Assets
Liabilities	$138,142	$229,810	$272,199	$640, 151 Ill	
Accounts Payable	$3,523				
Fund Equity					
Fund Balances
$ 134,619	----------	$134,619
$229,810	$229,810	
Restricted for Debt Service	----------	----------	$272,199	$272,199	
[Tota l Liabilities and Fund Equity	$ 138, 142	$229,810	$272, 199	$640, 151 1	

Revenue Account Redemption Account Cost of Issuance

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

$227,724

$2,086
----------	$26,419

$227,724
$2,086
$26,419

$3,523

Unassigned
Restricted for Capita l Projects

----------

----------

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND

General Fund

Budget

Prorated Budget

Thru 9/30/16

Thru 9/30/16

Actual

Variance

Statement of Revenues and Expenditures For Period Ending September 30, 2016

$355,855	$364,372	$8,517

$0

Revenues:
Maintenance Assessments
Miscellaneous Income Interest	
$355,855
$1,000	
Total Revenues	$356,855	
Expenditures:		
Administrative:		
Supervisors Fees	$8,000	

$1,000	$3,640	$2,640
$0	$112	$112

$356,855	$368,123	$11,268 1

FICA Expense	$612	$8,000	$5,800	$2,200

Engineer	$5,000	$612	$444	$168

Assessment Roll	$5,000	$1,000	$1,000	$0

Dissemination	$1,000	$5,000	$0	$5,000

Attorney Fees	$15,000	$600	$600	$0

Arbitrage Rebate	$600	$5,000	$5,000	$0

Trustee Fees	$4,327	$3,300	$3,300	$0

Annual Audit	$3,300	$15,000	$14,938	$62

Computer Time	$1,000	$50,112	$50,112	$0

Management Fees	$50,112	$4,327	$4,337	($10)

$450

$1,000	$1,000	$0

Website Maintenance

$450	$450	$0

Postage	$1,000	$1,000	$228

Telephone	$100	$100	$25	$76

Insurance	$11,009	$11,009	$9,948	$1,061

Printing and Binding	$1,500	$1,500	$555
Legal Advertising	$2,500	$2,500	$1,521	$979

Contingency

Property Appraiser Office Supplies
Dues, Licenses, Subscriptions
Total Administrative
Maintenance:

$1,200	$1,200	$1,006

$98

$1,000	$1,000	$902

$175	$175	$175	$0	
$113,685	$113,685	$101,495	$12,190 I	

$800	$800	$155

Property Insurance	$7,026	$7,026	$6,245	$781

Field Management	$18,780	$18,780	$18,780	$0

Security	$920	$920	$612	$308

Pool Staff Payroll	$74,778	$74,778	$71,484	$3,294

Electric	$18,900	$18,900	$15,475	$3,425

$13,500	$13,500	$8,820	$4,680

Telephone Expense	$4,000	$4,000	$4,322	($322) Irrigation/Water

($333)

Pest Control	$650	$650	$0	$650

$32,000	$32,000	$30,617	$1,383

Lake Maintenance	$8,600	$8,600	$13,609	($5,009) Pool Maintenance
Grounds Maintenance	$29,036	$29,036	$29,369

Refuse Service	$2,400	$2,400	$2,802	($402)

General Facility Maintenance	$7,000	$7,000	$15,788	($8,788)
Field Contingency	$5,000	$5,000	$0	$5,000
Transfer Out	$20,580	$20,580	$70,580	($50,000j
Total Maintenance	$243,170	$243,170	$288,503	($45,333)1
Total Expenditures	$356,855	$356,855	$389,998	($33,143)1
Excess Revenues (Expenditures)	$0	($21,875)	1
Fund Balance - Beginning	$0	$156,494	1
Fund Balance - Ending	$0	$134,619	1
2

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE 2007
Statement of Revenues & Expenditures For Period Ending September 30, 2016

Adopted	Prorated Budget
 	Budget	Thru 9/30/16

Actual
Thru 9/30/16

Variance

Revenues:

Assessments - On Roll Interest

$413,660	$413,660
$100	$100

$423,560
$773

Total Revenues

 	$413,760	$413,760	$424,333	$10,573 I

Expenditures:		
Interest Expense 11/01	$40,972	$40,972	$40,972	$0	
Principal Expense 05/01	$335,000	$335,000	$335,000	$0	
Interest Expense 05/01	$40,972	$40,972	$40,972	$0	
Total Expenditures	
$416,944	
$416,944	
$416,944	$0 I	
Other Sources (Uses)					
Transfer In {Out)	$0	$0	$54		

 	{$3,184)	$7,444	

 	$221,035	$222,366	

 	$217,852	$229,810	

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

3

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND
Statement of Revenues & Expenditures For Period Ending September 30, 2016

Adopted

Budget 	Thru 9/30/16	Thru 9/30/16	Variance	

Prorated	Actual

Revenues:		
Transfer In	$20,580	$20,580	$70,580	$50,000	
Interest	$150	$150	$153	$3	

 	$20,730	$20,730	$70,733	

$50,003 1

Total Revenues

Expendillres:		
Building Renovations	$20,000	$20,000	$2,880	$17,120	
Athletic Court Resurfacing	$6,000	$6,000	$0	$6,000	
Dock Repair	$12,528	$12,528	$12,528	$0	
Total Expendillres	 	$38,528	$38,528	$15,408		$23,120 1	
Ofi er Sources {Uses}			
Transfer In (Out)	$0	$0	($54)	

$0	$0	($54)	

Total 011 er

Excess Revenues (Expendillres)	($17,798) 		$55,271	 	

Fund Balance - Beginning	 	$204,762	$216,928		
Fund Balance - Ending	 	$186,964	$272,199		

4

FALCON TRACE

Oct

Nov

Dec

Jan

Feb

March

April

May

June

-July

Aug

Sept

Total

COMMUNITY DEVELOPMENT DISTRICT
�
Maintenance Assessments	$0	$34,978	$237,586	$46,697	$17,236	$6,170	$11,964	$1,719	$1,414	$6,492	$110	$6	$364,372

$5

$3

$15

$5

Miscellaneous Income	$125	$0	$235	$0	$200	$390	$285	$500	$615	$920	$370	$3,640

Interest

$4	$7	$11	$12

$13

$112

Total Revenues	I	$130	$34,982	$237,589	$46,939	$17,247	$6,382	$12,369	$2,018	$1,928	$7,120	$1,037	$381	$368,123 I
fucpenditures:

Administrative

$77

Supervisors Fees	$800	$0	$0	$800	$0	$1,200	$0	$1,000	$0	$1,000	$1,000	$0	$5,800

FICA Expense	$61	$0	$0	$61	$0	$92	$0	$77	$0

$77

$444

Engineer	$0	$0	$0

$0	$0

$0	$0	$0	$0	$0

Dissemination Agreement	$0	$0	$0	$0	$1,000	$0
Assessment Roll	$5,000	$0	$0	$0	$0	$0

$0	$0	$0	$0	$0	$1,000

$1,941	$283	$2,421	$2,277	$0	$14,938	
$0	$0	$0	$0	$0	$3,300	

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

Arbitrage Rebate	$0	$0
Attorney	$1,644	$1,377	$464

$0	$0	$0	$0

$1,779

$1,995

$93

$666

$0	$600	$0	$0	$600

Annual Audit

$3,300	$0	$0	$0	$0	$0

$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$4,176	$50,112	
$83	$83	$83	$83	$83	$83	$83	$83	$83	$1,000	
$38		$38	$38			$38		$450	
$0	$0	$0	$0	$10	$0	$10	$0	$0	$0	$0	$25	
$20	$4	$27	$18	$5	$22	$38	$47	$228	
	$0	$0	$102	$1	$93	$2	$78	$2	$56	$42		
$0	$0	$0	$0	$0	$0	$0	$0	$0	$9,948	

Trustee Fees	$0	$0	$0	$0

$83
$38
$5
$7

$83

Management Fees	$4,176

Website Administration
Telephone		
Postage
Printing and Binding		
$2	
Insurance
Legal Advertising		$9,948	

Computerlime

$0	$0

$4,337	$0	$4,337

$177

$38

$38

$38

$15

$38

$38

$19

$555

$92

$93

$175

$175

$0	$0	$204	$0	$204	$0	$388	$0	$200	$0	$1,521
Contingency	$117	$67	$42	$62	$81		$78		$87		$101	$121	$1,006	
Property Taxes	$0	$0	$0		$0	$0	$0	$0	$0	$0	$0	$0		
Property Appraiser
Office Supplies	$902
$20	$0	$0
$0	$0
$0	
$21	$0
$0	$0
$21	$0
$0	$0
$21	$0
$0	$0
$21	$0
$21	$902
$155	
Dues, Licenses, Subscriptions			$0	$0	$0		$0	$0	$0	$0	$0		$0		

Total Administrative	I	$22,978	$9,266	$4,808	$7,230	$6,184	$7,869	$4,605	$7,843	$4,782	$8,693	$12,736	$4,501	s101,49s 1	

5

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT

Oct

Nov

Dec

Jan

Feb

March

April

May

June

July

Aug

Sept

Total

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

$7,979
$75

$1,565	$1,565	$1,565	$1,565	$1,565	$1,565	$1,565	$18,780

$6,379

$3,552

Property Insurance	$6,245	$0	$0

$0	$0	$0

$0	$0	$0

Pool Staff Payroll
Security

$3,903

$1,823	$2,470

$6,009	$6,881

$7,753	$7,592	$71,484
$0	$612

$45

$45

$45

$347

Telephone Expense

$360	$360	$365	$365	$368	$347

Electric	$1,417	$1,370	$1,489	$1,165	$1,295	$1,109	$1,195	$1,181	$1,190	$1,459	$1,291	$15,475

Irrigation/Water

$825	$1,159	$549	$638	$587	$716	$828

$588	$606	$8,820

Lake Maintenance

$300	$300	$300	$300	$300	$1,405	$300	$300	$2,000	$300	$300	$13,609

Pest Control	$0	$0

$0	$0	$0	$0

$0	$0	$0	$0

Pool Maintenance	$1,518	$1,637	$1,223	$1,886	$1,677	$3,002

$2,160

$4,937	$2,180	$30,617

$1,337

Grounds Maintenance	$5,179	$2,128	$2,128	$2,128	$2,218	$2,128	$2,128	$2,681	$2,182	$2,214	$2,128	$2,128	$29,369

GReefnuesreaSl eFarvciicliety Maintenance	$781	$580	$263	$0

$1,656

$2,554	$3,295	$2,486	$586	$15,788

$235	$0	$288	$286	$283	$280	$281	$283	$289	$289	$289	$2,802

Field Contingency	$0

$0	$0	$0	$0

$0	$0	$0

$0	$0

I
I
I

$32,257

$55,235

$21,690

$13,292

$11,826

$16,634

$220,955

$31,285

$38,515

$8,424

$17,741

$15,537

$23,406

$17,483

$22,088

$17,617
$25,460 ($23,442)

$25,416

$30,198

$24,270

$32,962

$21,948
$34,684 ($33,647)

$66,884
$71,385 ($71,004)

$288,503 1
$389,998 1 ($21,875)1

Transfer Out Total Maintenance Total Expenditures
Excess Revenues (Expenditures}

$0	$0	$20,580	$0	$0	$0	$0	$0	$0	$0	$50,000	$70,580

6

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT

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

LONG TERM DEBT REPORT

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)	
CURRENT BONDS OUTSTANDING	$1,505,000	

7

FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT
SPECIALASSESSMENT RECEIPTS · FY2016 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 Received	Dist.II		Received	Penalties		Paid	Income		Received		46.24%

2007
Debt Svc Fund 53.76%

Total 100%

11/5/15	1	$	7,555.44  $	360.40  $	$	$	7,195.04  $	3,327.28  $	3,867.76  $	7,195.04
11/12/15	2	$	18,173.20  $	727.00  $	$	$	17,446.20  $	8,067.83  $	9,378.37  $	17,446.20
11/19/15	3	$	53,121.98   $  2,125.09  $	$	$	50,996.89  $	23,583.04  $	27,413.85  $	50,996.89
12/3/15	4	$	155,800.56   $   6,232.64  $	$	$   149,567.92  $	69,166.29  $	80,401.63   $  149,567.92
12/10/15	5	$	335,743.65   $ 13,431.07  $	$	13.58  $   322,326.16  $	149,056.73   $   173,269.43  $ 322,326.16
12/17/15	6	$	43,615.68  $   1,744.80  $	$	$	41,870.88  $	19,362.80  $	22,508.08  $	41,870.88

1/14/16	7	$	105,147.45   $    4,167.64 $
2/11/16	8	$	38,818.73   $    1,064.36  $

482.57

$	$   100,979.81  $	46,697.17  $	54,282.64  $   100,979.81
$	$	37,271.80  $	17,236.00  $	20,035.80  $	37,271.80

3/10/16	9	$	13,407.97  $	154.49  $	$	88.75  $	13,342.23  $	6,169.99  $	7,172.24  $	13,342.23
4/14/16	10	$	25,871.69  $	$	$	$	25,871.69  $	11,964.12  $	13,907.57  $	25,871.69
5/12/16	11	$	3,716.42  $	$	$	$	3,716.42  $	1,718.62  $	1,997.80  $	3,716.42
6/9/16	12	$	3,038.54  $	$	$	18.27  $	3,056.81 $	1,413.59  $	1,643.22 $	3,056.81
7/14/16	13	$	14,038.80 $	$	$	$	14,038.80 $	6,492.11 $	7,546.69  $	14,038.80
8/11/16	14	$	237.62  $	$	$	$	237.62  $	109.89   $	127.73  $	237.62
9/15/16	15	$	$	$	$	13.53 $	13.53  $	6.26  $	7.27  $	13.53
Totals	$	818,287.73   $ 30,007.49  $	482.57   $	134.13   $   787,931.80  $	364,371.73   $   423,560.07   $ 787,931.80

8