Greeneway Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900 www.greenewayid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Greeneway Improvement District (“District”), scheduled to be held at 2:30 p.m. on Tuesday, June 20, 2023, at Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via computer or the conference line: Phone: 1-844-621-3956  Computer: pfmgroup.webex.com  Participant Code: 796 580 192#
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the May 9, 2023, Board of Supervisors’ Meeting

Business Matters
Discussion of Construction Committee Member Vacancy
Consideration of Pest Control Proposals
Consideration of Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser
Consideration of Sidewalk Repair Proposals (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in May 2023 in an amount totaling $43,876.24
Ratification of Requisition Nos. 743 – 744 Paid in May 2023 in an amount totaling $781.15
Recommendation of Work Authorizations/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

GREENEWAY IMPROVEMENT DISTRICT

Minutes of the May 9, 2023 Board of Supervisors’ Meeting

GREENEWAY IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Greeneway Improvement District was called to order on Tuesday, May 9, 2023, at 2:30 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.

Present:
Chad Tinetti Matthew Franko Karen Duerr Antoinette Munroe	Chairperson Assistant Secretary Assistant Secretary Assistant Secretary	

(via phone)	
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins Amanda Lane
Kevin Plenzler	PFM PFM
PFM	(via phone) (via phone)	
Jeffrey Newton Larry Kaufmann Matt McDermott	Donald W. McIntosh Associates Construction Supervisor Construction Committee Member	
(via phone)	
Tucker Mackie	Kutak Rock		
Ryan Dugan Samantha Sharenow	Kutak Rock Berman	(via phone)	
Katie Harmer	Berman		
Misty Taylor	BMO		

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden called for public comments. She noted there were no members of the public present.

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the April 18, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes of the April 18, 2023, Board of Supervisors’ Meeting.

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor, the Board of Supervisors for the Greeneway Improvement District approved the Minutes of the April 18, 2023, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Letter from Supervisor of Elections – Orange County

Ms. Walden stated each year the District is required to state on the record the number of registered voters. As of April 15, 2023, the District has 5,004 registered voters. No action is required.
FIFTH ORDER OF BUSINESS	Consideration of Resolution 2023-04, Delegated Award Resolution

Ms. Taylor stated the Board previously reviewed term sheets for the issuance of the 2023 Bonds submitted by various banks and selected the term sheet from Truist. District staff put together all the Bond documents to effect that closing and this Resolution authorizes the issuance of the Bonds. It also approves the form of the Trust Indentures as required under Chapter 190, appoints U.S. Bank as the Trustee, approves the form of a Master Trust Indenture, and approves the First Supplemental Trust Indenture. District staff prepared a new Master Indenture for this District because the previous one was outdated. If the District issues any future debt, District staff can issue under the new Master Indenture.
The authorized amount is not-to-exceed $34,025,000.00. That amount is actually the current outstanding par of the 2013 Bonds. It's anticipated that the actual Bond amount will be lower than that. This Resolution also authorizes the undertaking of the refunding of the 2013 Bonds and ratifies certain actions such as District staff giving the bond holders a conditional notice so that the 2013 Bonds could be redeemed on the same day of closing.

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor, the Board of Supervisors for the Greeneway Improvement District approved Resolution 2023-04, Delegated Award Resolution.

SIXTH ORDER OF BUSINESS	Consideration of Supplemental Assessment Methodology Report

Mr. Plenzler stated before the Board is the Supplemental Methodology Report detailing the Bond refunding that the Board has been discussing today in terms of the refunding of the 2013 Bonds. He directed the Board to Page 138 showing the details of the 2023 Bonds. He noted these numbers may change a little bit as District staff continues to finalize numbers and work with the bank to get to the final numbers at closing. However, that's well below the $34,000,000.00 listed in the Delegation Resolution, and ultimately District staff will update with the final numbers. The savings represents approximately 16% savings to each resident on an annual basis going forward, which is a very attractive rate in today's market.

Ms. Duerr asked when the residents would see that 16% savings. Mr. Plenzler responded that residents will see the savings this November.

Discussion ensued regarding how and if the District should provide notice to the residents about the refunding.

Mr. Plenzler noted the Board would need to approve this in substantial form until the numbers are finalized with the official roll.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2023-05, Supplemental Assessment Resolution

Ms. Mackie explained the Supplemental Assessment Resolution. The assessments securing the 2013 Bonds were levied in connection with an assessment process that was begun in 2012, and when the District issued the 2013 Bonds those assessments were sized for the terms of the 2013 Bonds. As a

result of the refunding and the issuance of the 2023 Bonds, what this Resolution does is it recognizes the steps the Board took to provide for the refunding, approves the Capital Improvement Plan, and approves the Supplemental Assessment Methodology Report. She added that District staff is looking for the Board to approve this Resolution and request that the updated Exhibits B, C, and D get attached once they are ready.

Ms. Taylor added that on Page 10 of the Methodology Report the accrued interest of $87,000.00 will change as there is currently money sitting in the revenue account which will reduce the par amount. Ms. Mackie noted the District has current construction funds in the amount of $1,487,918.58, with
$1,400,000.00 of that amount to consist of the Series 2023 project fund for purposes of completing the Capital Improvement Plan.

Ms. Taylor noted what District staff did for the District is took all the money that's been sitting in the 2013 account for so long and District staff is applying it to the refunding. This $1,400,000.00 number is considered new money for the District. That way the District gets all the new spending exceptions and exemptions from rebate and things of that nature.

On motion by Ms. Duerr, seconded by Mr. Tinetti, with all in favor, the Board of Supervisors for the Greeneway Improvement District approved Resolution 2023-05, Supplemental Assessment Resolution with the request that updated Exhibits B, C, and D get attached once finalized.

EIGHTH ORDER OF BUSINESS	Consideration of 1st Amendment to True-Up Agreement with Lake Nona Land Company

Ms. Mackie stated at the time the District issued the 2013 Bonds, much of the land within the Greeneway Improvement District remained undeveloped, and there is an obligation for the Master Developer to provide for the amount of assessments needed to support the debt issued in the event that the development plan is less than anticipated. As a result of not only the Boundary Amendment that the Board undertook several years ago, but also the development that's transpired since then, the number of ERUs that remains to be assigned to undeveloped property is listed in Section 2 and is about 51.9 ERUs. Given the significant reduction, District staff thought it was timely to provide for an update to that agreement in the form of this First Amendment to the True-Up Agreement.
Ms. Mackie noted that this needs the Boards approval in substantial form with the understanding that it's currently with the Developer, Lake Nona Land Company LLC, for review as well, but this would be a part of the closing documents.

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor, the Board of Supervisors for the Greeneway Improvement District approved the 1st Amendment to the True-Up Agreement with Lake Nona Land Company LLC in substantial form.

NINTH ORDER OF BUSINESS	Discussion of Construction Committee Members

Mr. Kaufmann stated the Developer has asked the Board to consider reconfiguring the Construction Committee to five individuals. He noted at the June meeting he will be resigning from the Construction Committee. The recommendation would be Larry Kaufmann, Dan Young, Chris Wilson, Matt McDermott,

and Drew Dawson for the Construction Committee. Ms. Mackie stated the increase in the number of members was so the quorum could be more easily obtained and expertise be added with the additional members.

On motion by Mr. Tinetti, seconded by Ms. Duerr, with all in favor, the Board of Supervisors for the Greeneway Improvement District approved adding two seats to the Construction Committee and appointed Dan Young and Drew Dawson.

TENTH ORDER OF BUSINESS	Consideration of Resolution 2023-06, Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date

Ms. Walden stated the proposed budget is included as an exhibit to the Resolution. Today’s goal is to set the threshold and the District can make changes with individual line items until the final budget is approved. District staff is recommending setting the public hearing for Tuesday, August 15, 2023, at 2:30
p.m. at this location.

Mr. Tinetti asked why the irrigation repairs went up so much. Mr. McDermott stated this is actually lower than average, as District staff is working with the vendors to make sure that the District is getting reports and repairs done on time.

The Board reviewed and discussed the budget.

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor, the Board of Supervisors for the Greeneway Improvement District approved Resolution 2023-06, Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date to be held on Tuesday, August 15, 2023, at 2:30
p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.

ELEVENTH ORDER OF BUSINESS	Review and Acceptance of Arbitrage Rebate Report for the Series 2013 Bonds

Ms. Walden stated LLS Tax Solutions Inc, the vendor the Board previously chose, provided the report for the latest five-year period which was 2018 to 2023. LLS Tax Solutions indicated that there is no cumulative rebatable arbitrage liability as of April 24, 2023.

Ms. Taylor noted this is the five-year report for the 2013 Bonds the District is refunding. On the date of refunding, which is May 19, 2023, a final computation would typically be required. However, Ms. Taylor stated the Tax Attorneys in her firm, given that this is so close to the actual last five-year report, stated the risk is very low that on audit any agent would not accept it as the final report, and the District could use this report as the final report.

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor, the Board of Supervisors for the Greeneway Improvement District accepted the Arbitrage Rebate Report for the Series 2013 Bonds from LLS Tax Solutions Inc.

TWELFTH ORDER OF BUSINESS	Consideration of Pest Control Proposals

Ms. Walden stated District staff was asked to go out and seek proposals. District staff sought two firms. One was TruGreen, who passed on bidding. The other was Massey, and they provided a quote that was a little bit lower than what the District is currently paying with Fire Ant Control. The District currently pays Fire Ant Control $5,190.00 for the year, and that’s two treatments for fire ants. Massey's cost is $4,635.00 for the same treatments per year. Ms. Sharenow added that there are no issues with Fire Ant Control and continuity is important as other areas that are next to the District’s areas are also with Fire Ant Control.

The Board discussed keeping continuity, and possibly seeing if the sister Districts will all agree to switch to Massey or keep Fire Ant Control as the firm.

This item was tabled.

THIRTEENTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in April 2023 in an amount totaling
$42,636.64

Ms. Walden noted that these expenditures have been approved and need to be ratified by the Board.

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor, the Board of Supervisors for the Greeneway Improvement District ratified Operation and Maintenance Expenditures Paid in April 2023 in an amount totaling $42,636.64.

FOURTEENTH ORDER OF BUSINESS	Recommendation of Work Authorizations/Proposed Services

Mr. Kaufmann stated there were no Work Authorizations.

FIFTEENTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD

The Board reviewed the District’s Financial Statements through April 2023. Ms. Walden noted that the District has spent $277,000.00 versus a budget of $631,000.00 which is roughly 44% of the total budget spent.

SIXTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel –

Ms. Mackie discussed legislation that passed during the 2023 legislative session which will impact all Community Development Districts with respect to ethics training. It is currently a requirement for most public officers to complete at least four hours of ethics training on an annual basis. Special Districts have been exempted from that until now. This requirement will begin January 1, 2024, and more information will be provided in the coming months.

District Manager –	Ms. Walden noted the Board meetings are moving back to the third
Tuesday of the month for June. The next meeting will be Tuesday, June 20, 2023.

District Engineer –	No report. Construction Supervisor – No report. Landscape Supervisor –	No report.
Irrigation Supervisor –	Ms. Sharenow stated since there was a mention of trash at the last
meeting, the landscape team has been monitoring it and making sure it's staying clean. They're picking up when they're out there weekly and District staff hasn’t seen any issues since then.

Ms. Harmer noted District staff also repaired the stones on the bridges. That item has been completed on all three of the locations.

SEVENTEENTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

EIGHTEENTH ORDER OF BUSINESS	Adjournment

On motion by Ms. Duerr, seconded by Mr. Franko, with all in favor the May 9, 2023, Meeting of the Board of Supervisors for the Greeneway Improvement District was adjourned.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

GREENEWAY IMPROVEMENT DISTRICT

Discussion of
Construction Committee Member Vacancy

GREENEWAY IMPROVEMENT DISTRICT

Pest Control Proposals

Fire Ant Treatment Quotes
	Current Cost/Budget	Fire Ant Control	Massey	Tru Green	
GID	$5,190.00	$4,635.00	$4,635.00	$0.00	
					
Notes		Current Vendor		Passed on bidding	

customcrcarc@MasscyServiccs.com MasscyServiccs.com ' l-888-2MASSEY (262-7739)

Landscape ftenova'tior1
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E-mail Address	Primary Phone (Mobile/Work/Home)
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Address of Treated Strncturc	Billing Address (if different)	Alternate Phone (Mobile/Work/Home)
DkmdJCL-(F-i:	 lc_'?_. r 7					
City	State	Zip	County	City	State	Zip	County	Massey Services Address/Phone

0 Sodding	□Plugging	□Soil
Conditioning

0 Plant Installation

CJ Irrigation Installation

0 lrrigation Repair

Cl Irrigation M.amtcnancc

 		

SQ FT	

SQ FT_

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0 Irrigation Maintenance: We arc on your property .QJrnrterly to provide the following services for your inigation system:

IRRIGATION MAINTENANCE Service
Including:
Quarterly lrrigation Inspection
Cheek, Set and Adjust Timer
Adjustments/Cleaning of Sprinkler Heads
Preferred customer pricing on repairs (Estimates will be provided for all repairs)

Irrigation Specifications:
# of Heads -----
# of Zones 	
Timer Location		
Area§ that need repair by customer:
(see inspection graph and renovation agreement):

Pricing Agreement: Initial Repair Service Quarterly Service Charge First Year Annual Amount
5% Pay in Advance Discount
Discounted Annual Amount

s	
$	
$------
_s$ 	---

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	lrrigation																
	Other																
		
ln consideration for work to be performed as itemized above and subject to the General Terms and Conditions recorded below, the undersigned agrees to make payment as follows:
INITIAL TREATMENT	$ 	
OTHER SERVICES	$ 	
"JAX	%	$--  ----
TO"IAL AMOUNT DUE	$_ _k	 - 
LESS DOWN PAYMENT	$ 	
BALANCE DUE UPON COMPLETION	$ 		Credit Card, ACM/Electronic Funds Transfer, & Autopay Authorization';
(Details on back)
Acct Type: D Checking D Savings D Credit Card 		 _ Financial lnstitntion/City/St 	 _
Name on Card/Acct: 	 _

 exdpate		 ABA/Transil/1 	 Acct//			  Use for: D Regular Svcs D Renewals  D Initial Only
_ 	 Customer Approval to Debit Accl and/or Charge Card as indicated above and for the amounts shown in Service Charges.	

I. This Service Agreement is for the services indicated above and covers the areas identified on the Inspection Graph.
This Service Agreement does not constitute warranty against loss of plant material from improper cultural habits, natural decline due to agct or adverse weather conditions such as drought. freeze
or flooding.
The guarantee on installed equipment is through the manufacturer warranty and will be replaced by Massey Services ifit is within 1hc specified warranty period and broken through normal wear
and tear.

----·.·. ---You, the Ehiycr, can cancel this transaction at any time prior to midnight ofthc third business day after the date of this transaction, by giving written notice of cancellation by registered mail to MASSEY SERVICES, INC. FOR CC/ACI-1: Customer agrees to notify Massey Services in writing if any change occurs with the credit card or bank account or al least 30 days prior to the intent to cancel and/01revoke thrs author izatron Notrficatrons need to be sent to Massey Services, Inc , Attn Accounts Receivable. 315 Gr m-eland Slice!. Orlando, J'L 12804 For additional 111fonnat1on, please call I 888 262 7739 (M-F, 8am-8p111 £Sr) 01 email us;r;, ·ustomc1care@masscysc1,1ces com

-	-
Custome1 Signature/Date	, 1asse1 Sc, vices Rep1escntal!1 c/Date	GM Apprm al/Date

-

SERVICE CENTER COPY

MS-084A 11/21

GREENEWAY IMPROVEMENT DISTRICT

Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser

NON-AD VALOREM ASSESSMENT ADMINISTRATION AGREEMENT

An AGREEMENT made this 31 day of May 2023 between AMY MERCADO as Orange County Property Appraiser (Property Appraiser) and, Greeneway CDD (Taxing Authority), and is effective upon acceptance by both parties and through, September 30, 2023.

The Taxing Authority desires to use the services of the Property Appraiser to maintain non-ad valorem assessments on the tax roll and the Property Appraiser is prepared to do so, on behalf of the Taxing Authority. Each party represents that it has satisfied all conditions precedent to enter into this agreement.
The Property Appraiser agrees to perform the following service for the Taxing Authority:
Create a Non-Ad Valorem Assessment Roll for the Taxing Authority for the 2023 tax roll year using data provided annually to the Property Appraiser's Office by the Taxing Authority per attached Calendar for Implementation of Non- Ad Valorem Assessment Roll.
Provide the Taxing Authority with a data file in a compatible format on or before April 1, containing all parcels within the boundaries of the Taxing Authority to be used for the Taxing Authority’s planning purposes in establishing its non-ad valorem assessments.
Receive from the Taxing Authority its proposed or adopted non-ad valorem assessment levy for each type of property and apply that amount to each parcel of real property as stipulated by Taxing Authority.
Include the Taxing Authority’s non-ad valorem assessments on the Notice of Proposed Property Taxes and Proposed or Adopted Non-Ad Valorem Assessments mailed to all property owners in August of each year.
Receive from the Taxing Authority, corrections or changes to the roll and update the Non-Ad Valorem Assessment Roll for tax bills on or before September 15 of each year, the statutory deadline for certification of non-ad valorem assessments.
Deliver the Taxing Authority’s Non-Ad Valorem Assessment Roll to the Orange County Tax Collector's Office so that tax bills mailed on or about November 1 will include the Taxing Authority’s non-ad valorem assessment levies.

Taxing Authority agrees to perform the following acts in connection with this agreement:
Advise the property owners within the Taxing Authority in an appropriate and lawful manner of the Taxing Authority’s intention to utilize the Uniform non- ad valorem assessment method described in Sections 197.3631 through 197.3635, Florida Statutes, and any other applicable Florida statute, and carry out its responsibilities under said sections.
Timely provide the Property Appraiser with information required to prepare the Uniform Non-Ad Valorem Assessment Roll per the Calendar for Implementation of Non-Ad Valorem Assessment Roll.
Advise the property owners within the Taxing Authority as appropriate that the Property Appraiser's office is acting in a ministerial capacity for the Taxing Authority in connection with the non-ad valorem assessments.
Preparation and delivery of certificate of corrections directly to Tax Collector, with copy to Property Appraiser, for any corrections to a certified final tax roll.
The Taxing Authority shall use its best efforts in furnishing the Property Appraiser with up-to-date and accurate data concerning its boundaries, proposed assessments, and other information as requested from time to time by the Property Appraiser and necessary to facilitate his making the assessment in question. The Property Appraiser shall, using the information provided by the Taxing Authority, place the district’s non-ad valorem assessments, as made from time to time and certified to him, on properties within the district.
The Property Appraiser shall be compensated by the Taxing Authority for the administrative costs incurred in carrying out this Agreement. These costs include, but are not limited to labor, printing, forms, office supplies, computer equipment usage, postage, programming, or any other associated costs.
On 1st day of October of each applicable year, the administrative fee will be invoiced to the Taxing Authority equivalent to $0 per parcel assessed with a non-ad valorem tax. Parcel counts supporting the invoiced fee will be determined based upon the most current certified non-ad valorem assessment roll. Any new assessments added to the tax roll that were not previously certified and invoiced an administrative fee, will be separately invoiced on or around July 15 and prior to mailing of the Notice of Proposed Property Taxes in August.
The specific duties to be performed under this agreement and their respective timeframes are contained in the Calendar for Implementation of Non-Ad Valorem Assessment Roll, which is incorporated herein by reference.
This agreement constitutes the entire agreement between the parties and can only be modified in writing and signed by both parties.
All parts of this Agreement not held unenforceable for any reason shall be given full force and effect.
All communications required by this agreement shall be in writing and sent by first class mail, email, or facsimile to the other party.

Notices to the Taxing Authority shall be addressed to:

Greeneway CDD Amanda Lane
PFM Group Consulting LLC 3501 Quadrangle Blvd., Ste. 270
Orlando, FL 32817 LaneA@pfm.com (407)723-5900

Notices to the Property Appraiser shall be addressed to:

Carmen Crespo, Director, Accounting and Finance Orange County Property Appraiser
200 S. Orange Ave., Suite 1700
Orlando, FL 32801 ccrespo@ocpafl.org
(407) 836-5353

TERMINATION. This Agreement may be terminated by either party upon written notice. Property Appraiser will perform no further work after the written termination notice is received.
TERM. This Agreement shall continue until such time as either party terminates the Agreement pursuant to Paragraph 11, above.
GOVERNING LAW; VENUE. This Agreement shall be governed by the laws of the State of Florida. Any action to interpret or enforce any provision of this Agreement shall be brought in the State and Federal courts for Orange County, Florida.

ORANGE COUNTY PROPERTY APPRAISER

Signed 	
AMY MERCADO, MBA

Date		

GREENEWAY CDD

Name 	 Signed 	 Date 	

CALENDAR FOR IMPLEMENTATION OF NON-AD VALOREM ASSESSMENTS

On or about April 1st, Property Appraiser to provide the Taxing Authority with an electronic file that includes parcel ID and any other information applicable or requested. Taxing Authority may request this file at any time after January 1st, but must understand that many splits/ combos, annexations, etc., may not be reflected early in the tax year and subsequent files may be necessary. If any additional information is required at any time by Taxing Authority, it should be requested of the Property Appraiser by Taxing Authority, allowing for a reasonable turnaround time. The file shall be in an ascii file, text or excel file, unless another format is requested and agreed upon between parties.

June 1

Property Appraiser distributes Best Estimate of Taxable Value to all Taxing Authorities.

July 1

Property Appraiser certifies Preliminary tax roll to all taxing authorities.
Taxing Authority reviews all assessments and provides final approval for Notice of Proposed Property Taxes (TRIM)

July 15

Property Appraiser to invoice Administrative Fee for new parcels, if any, assessed and in excess of prior year certified non-ad valorem assessment roll parcel count.

August 4

The Taxing Authority adopts its proposed millage rate and submits to the Property Appraiser for TRIM.

August 24

Last day Property Appraiser can mail TRIM notices to all property owners on the tax roll.

September 3 – October 3

Taxing Authority holds initial and final public budget hearing.

September 15

Taxing Authority certifies final non-ad valorem assessment roll to Property Appraiser on or before September 15 with any changes, additions, or deletions to the non-ad valorem assessment roll since the TRIM notices.

October

Property Appraiser to mail Non-Ad Valorem Assessment Administration Agreement and invoice for non- ad valorem assessment processing for subsequent tax roll, based upon most recent certified non-ad valorem assessment roll parcel count.
Property Appraiser delivers the Taxing Authority non-ad valorem assessment roll to the Tax Collector for collection of taxes on November 1 tax bills.

GREENEWAY IMPROVEMENT DISTRICT

Sidewalk Repair Proposals
(provided under separate cover)

GREENEWAY IMPROVEMENT DISTRICT

Operation & Maintenance Expenditures Paid in May 2023 in an amount totaling $43,876.24

GREENEWAY IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from May 1, 2023 through May 31, 2023. This does not include expenditures previously approved by the Board.

The total items being presented:    $43,876.24

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Greeneway Improvement District AP Check Register (Current by Bank) Check Dates: 5/1/2023 to 5/31/2023

Check No.	Date	Status*	Vendor ID	Payee Name	Amount

BANK ID: SUN - CIT% NATIONAL BANK	001-101-0000-00-01

05
0 
0 
0 
08
10
3 11
12
13
1 
15
1 	05/23/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23
05/25/23	 

 

 

 
 
 	'R%&'. AA1213
A %3R4 B.R).R B.R A3 B97& D43 C 2%'A2
77&
 >RA32 4R7& P> )C	%& Bank as 'rustee (or )reene* A/an0a Aikins
Antoinette unroe
Berger, 'oo/bs, .5a/, )aines 6 Ber/an Construction 77C Bright9ie* 7an0sca:e &er;ices Dona50 <- c1ntosh Associates 2utak Rock
77& 'a= &o5utions
 atthe* >ranko 4r5an0o &entine5
P> )rou: Consu5ting	

BANK SUN REGISTER TOTAL:

GRAND TOTAL :	+ 5,  -31
+200-00
+ 00-00
+ , 25-00
+1, 58-88
+1 ,3 2- 2
+ 21-02
+2,235-21
+5,000-00
+ 00-00
+ 2- 5
+1,32 -33

$79,101.23

$79,101.23	

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" - Void ( V id Date ); "A" - Application; "E" - EFT
** Denotes broken check sequence.

GREENEWAY IMPROVEMENT DISTRICT

Payment Authorization #577
4/28/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Berger, Toombs, Elam, Gaines & Frank
FY 2022 Audit	

362276	

$	4,425.00	
2	Kutak Rock			
	General Counsel Through 03/31/2023	3210484	$	2,235.21	
3	LLS Tax Solutions			
	Arbitrage Report for 5-Year Period Ended 04/24/2018	2991	$	2,500.00	
4	Orange County Utilities			
	9987 Laureate Blvd ; Service 03/16/2023 - 04/14/2023	Acct: 6838006489	$	431.70	
5	Orlando Sentinel
Legal Advertising on 04/10/2023 (Ad: 7409453)	

OSC71444163	
$	223.25	
6	PFM Group Consulting
February and March Billable Expenses	

124497	
$	78.33	
7	Supervisor Fees - 04/18/2023 Meeting			
	Amanda Aikins		$	200.00	
	Antoinette Munroe		$	200.00	
	Matthew Franko		$	200.00	

TOTAL	$	10,493.49

Chairperson

I
\..,

Greeneway Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

GREENEWAY IMPROVEMENT DISTRICT

Payment Authorization #578

5/5/2023				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Berman Construction			
	May Administrator & Irrigation Specialist	36211	$	1,859.99	
2	Boggy Creek Improvement District			
	April ICM Expenses	ICM2023-07	$	6,199.80	
3	BrightView Landscape Services
May Section 2 Landscaping	
8384994	
$	3,046.00	
	May Section 3 Landscaping	8384995	$	3,134.00	
	May Section 1 Landscaping	8385142	$	5,727.00	
4	Orlando Sentinel			
	Legal Advertising on 04/20/2023 (Ad: 7413768)	OSC71803379	$	219.50	

5	ouc			
	Acct: 8795843030 ; Service 04/03/2023 - 05/02/2023		$	9,665.02	
6	PFM Group Consulting			
	Series 2013 Disclosure for 2023.Q2	124657	$	1,250.00	

TOTAL	$	31,101.31

Chairperson

Greeneway Improvement District
I	c/o PFM Group Consulting
'-	3501 Quadrangle Boulevard. Ste. 270
Orlando, FL 32817
LaneA@pfm com // (407) 723-5925

GREENEWAY IMPROVEMENT DISTRICT

Payment Authorization #579
5/12/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
BrightView Landscape Services
February Irrigation Inspection	

8336102	

$	494.96	
	Sod Replacement 8363 Nemours	8357811	$	515.00	
	Wax Myrtle Installation	8357824	$	3,425.66	
2	Donald W McIntosh Associates			
	Engineering Services Through 04/21/2023	44125	$	821.02	
3	LLS Tax Solutions			
	Arbitrage Report for 5-Year Period Ended 04/24/2023	3016	$	2,500.00	
4	Supervisor Fees - 05/09/2023 Meeting			
	Antoinette Munroe		$	200.00	
	Matthew Franko		$	200.00	

TOTAL	$	8,156.64

	 Chairperson

Greeneway Improvement District
do PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com I/ (407) 723-5925

GREENEWAY IMPROVEMENT DISTRICT

Payment Authorization #580
5/19/2023

Item No.	Payee	Invoice
Number	General
Fund	

1	
Berman Construction
Austin Stone Monument Repair	

36501	

$	500.00	
2	owe Outdoors & Hauling
Prune Right of Way Clearance	

2303	
$	9,205.00	
3	Orange County Utilities			
	9987 Laureate Blvd : Service 04/15/2023 - 05/15/2023	Acct: 6838006489	$	324.60	
4	Orlando Sentinel			
	Legal Advertising on 05/01/2023 (Ad: 7421751)	OSC72574159	$	223.25	
5	PFM Group Consulting			
	April Billable Expenses	124948	$	60.36	

dz/

TOTAL	$	10,313.21

ecre ry/Assistant Secretary

LJz;, "
Chairperson

Greeneway Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

GREENEWAY IMPROVEMENT DISTRICT

Requisition Nos. 743 – 744 Paid in May 2023 in an amount totaling $781.15

GREENEWAY IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Requisition Recap For Board Approval

Attached please find the listing of requisitions approved to be paid from bond funds from May 1, 2023 through May 31, 2023. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
743	Boggy Creek Improvement District	$49.15	
744	Kutak Rock	$732.00	
		$781.15	

GREENEWAY IMPROVEMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS 2013

(Acquisition and Construction Fund)

The undersigned, a Responsible Officer of the Greeneway Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U. S. Bank National Association, as trustee (the "Trustee"), dated as of April I, 2013, as supplemented by that certain First Supplemental Trust Indenture dated as of April 1, 2013 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number: 743

Name of Payee: Boggy Creek Improvement District

Amount Payable: $49.15

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):

Reimbursement for Construction-Related Legal Advertising, Split Between Boggy Creek, Greeneway, Myrtle Creek, Poitras East, and Midtown, Paid to Orlando Sentinel Out of Boggy Creek Series 2018 Construction Funds Requisition 291 (Reference OSC70728563 ; Ad: 7404413)

Fund or Account and subaccount, if any, from which disbursement to be made: 2013 Acquisition and Construction Account of the Acquisition and Construction Fund.

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District,

each disbursement set forth above is a proper charge against the 2013 Acquisition and Construction Account;

each disbursement set forth above was incurred in connection with the acquisition of the 2013 Project and in accordance with the terms of the Acquisition Agreement;

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

GREENEWAYIMPROVEMENT TRICT
h/f-e/4,
Responsible Officer

Date:

SI hI/AeU

CONSULTING ENGINEER'S APPROVAL

The undersigned Consulting Engineer hereby certifies that this disbursement is for the cost of the 2013 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the 2013 Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall
have been amended or modified.	/]	,{   .	.
nj,,;c..---)
I	/6.	/
Consultitg Engin-ee,-/'

Date:	5/1/23

GREENEWAY IMPROVEMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS 2013

(Acquisition and Construction Fund)

The undersigned, a Responsible Officer of the Greeneway Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U. S. Bank National Association, as trustee (the "Trustee"), dated as of April 1, 2013, as supplemented by that certain First Supplemental Trust Indenture dated as of April 1, 2013 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number: 744

Name of Payee: Kutak Rock

Amount Payable: $732.00

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):

Invoice 3210485 for Project 9123-2 (Project Constr) Through 03/31/2023

Fund or Account and subaccount, if any, from which disbursement to be made: 2013 Acquisition and Construction Account of the Acquisition and Construction Fund.

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District,

each disbursement set forth above is a proper charge against the 2013 Acquisition and Construction Account;

each disbursement set forth above was incurred in connection with the acquisition of the 2013 Project and in accordance with the terms of the Acquisition Agreement;

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.

GREENEW AY IMPROVEMENT

- TRICT

£2Z1// --

st

Responsible Office; Date:	laad-s
I	I

CONSULTING ENGINEER'S APPROVAL

The undersigned Consulting Engineer hereby certifies that this disbursement is for the cost of the 2013 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the 2013 Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified.

I
Date:  l 

5/1/23	

GREENEWAY IMPROVEMENT DISTRICT

Work Authorizations/Proposed Services
(if applicable)

GREENEWAY IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

Greeneway Improvement District
Statement of Financial Position As of 5/31/2023

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$349,643.48				
1,580.00				
30,668.50				
1,625.58				
87,597.30				
24,087.86				
	$157,134.44			
	226,876.43			
	45,646.31			
	549,530.33			
			$7,076.50	
			1,400,000.00	
			17,447.99	
$495,202.72	$979,187.51		$1,424,524.49	
$0.00	$0.00		$0.00	
$495,202.72	$979,187.51		$1,424,524.49	

General Long- Term Debt		Total	

$0.00		

$349,643.48
1,580.00
30,668.50
1,625.58
87,597.30
24,087.86
157,134.44
226,876.43
45,646.31
549,530.33
7,076.50
1,400,000.00
17,447.99
$2,898,914.72	

$822,053.07 30,732,946.93
$31,555,000.00		
$822,053.07 30,732,946.93
$31,555,000.00	
$31,555,000.00		$34,453,914.72	

Current Assets
General Checking Account State Board of Administration Assessments Receivable Deposits
Infrastructure Capital Reserve Interchange Maintenance Reserve Assessments Receivable
Debt Service Reserve (Series 2023) Revenue (Series 2013)
Interest (Series 2023) General Checking Account
Acquisition/Construction (Series 2023) Cost of Issuance (Series 2023)
Total Current Assets

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

Greeneway Improvement District

General Long- Term Debt		Total	

$0.00		

$13,321.94 12,001.64
30,668.50
157,134.44
$213,126.52	

$31,555,000.00
$31,555,000.00		
$31,555,000.00
$31,555,000.00	
$31,555,000.00		$31,768,126.52	

$0.00		

$68,372.19 193,075.94
177,762.51

3,651,077.40
(2,829,024.33)

(10,264,278.80)
1,985,033.72
(9,604.61)

9,713,374.18
$2,685,788.20	
			
$31,555,000.00		$34,453,914.72	

Statement of Financial Position As of 5/31/2023

Current Liabilities
Accounts Payable
Due To Other Governmental Units Deferred Revenue
Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets - General Government
Total Net Assets

Total Liabilities and Net Assets

General Fund	Debt Service

Liabilities and Net Assets

12,001.64
30,668.50

$55,992.08		

$157,134.44
$157,134.44		

$0.00	
$0.00		$0.00		$0.00	
$55,992.08		$157,134.44		$0.00	

$68,372.19 193,075.94
177,762.51

$439,210.64		

$3,651,077.40 (2,829,024.33)

$822,053.07		

($10,264,278.80) 1,985,033.72
(9,604.61)

9,713,374.18
$1,424,524.49	
					
$495,202.72		$979,187.51		$1,424,524.49	

$13,321.94

 	

 	

Capital Projects Fund

Greeneway Improvement District
Statement of Activities As of 5/31/2023	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues						
On-Roll Assessments	$481,220.89				$481,220.89	
Off-Roll Assessments	11,918.48				11,918.48	
On-Roll Assessments		$2,465,604.00			2,465,604.00	
Off-Roll Assessments		92,303.26			92,303.26	
Inter-Fund Group Transfers In		1,445,898.27			1,445,898.27	
Debt Proceeds		29,962,686.01			29,962,686.01	
Inter-Fund Transfers In			($1,445,898.27)		(1,445,898.27)	
Debt Proceeds			1,592,313.99		1,592,313.99	
Total Revenues	

$493,139.37	

$33,966,491.54	

$146,415.72	

$0.00	

$34,606,046.63	
Expenses						
Supervisor Fees	$3,800.00				$3,800.00	
Public Officials' Liability Insurance	2,688.00				2,688.00	
Trustee Services	2,406.06				2,406.06	
Management	26,666.64				26,666.64	
Engineering	2,976.81				2,976.81	
Disclosure	2,500.00				2,500.00	
Property Appraiser	4,021.76				4,021.76	
District Counsel	9,178.38				9,178.38	
Assessment Administration	7,500.00				7,500.00	
Audit	4,425.00				4,425.00	
Arbitrage Calculation	5,000.00				5,000.00	
Travel and Per Diem	48.44				48.44	
Postage & Shipping	6.21				6.21	
Legal Advertising	2,079.75				2,079.75	
Bank Fees	2.00				2.00	
Meeting Room	241.47				241.47	
Property Taxes	59.88				59.88	
Web Site Maintenance	1,845.00				1,845.00	
Holiday Decorations	6,000.00				6,000.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	881.21				881.21	
Water Reclaimed	13,225.11				13,225.11	
General Insurance	3,023.00				3,023.00	
Property & Casualty	4,471.00				4,471.00	
Irrigation	2,221.81				2,221.81	
Landscaping Maintenance & Material	92,300.10				92,300.10	
Tree Trimming	9,205.00				9,205.00	
Flower & Plant Replacement	5,740.66				5,740.66	
Contingency	1,220.14				1,220.14	
IME - Aquatics Maintenance	1,603.20				1,603.20	

Greeneway Improvement District
Statement of Activities As of 5/31/2023

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

IME - Irrigation	884.40								884.40	
IME - Landscaping	44,064.96								44,064.96	
IME - Lighting	390.96								390.96	
IME - Miscellaneous	495.60								495.60	
IME - Water Reclaimed	461.54								461.54	
Pest Control	2,595.00								2,595.00	
Entry and Wall Maintenance	500.00								500.00	
Hardscape Maintenance	1,320.00								1,320.00	
Streetlights	48,824.20								48,824.20	
Personnel Leasing Agreement	14,879.92								14,879.92	
Principal Payments (Series 2013)			$34,975,000.00						34,975,000.00	
Interest Payments (Series 2013)			1,879,657.82						1,879,657.82	
Trustee Services					$9,950.00				9,950.00	
Management					29,916.00				29,916.00	
Engineering					737.50				737.50	
District Counsel					38,732.00				38,732.00	
Trustee Counsel					6,000.00				6,000.00	
Bond Counsel					45,000.00				45,000.00	
Assessment Administration					25,500.00				25,500.00	
Legal Advertising					352.90				352.90	
Other Debt Service Costs					20,500.00				20,500.00	
Total Expenses	$329,928.21		$36,854,657.82		$176,688.40		$0.00		$37,361,274.43	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$14,551.35								$14,551.35	
Interest Income			$59,141.95						59,141.95	
Interest Income					$20,668.07				20,668.07	
Total Other Revenues (Expenses) & Gains (Losses)	$14,551.35		$59,141.95		$20,668.07		$0.00		$94,361.37	
Change In Net Assets	$177,762.51		($2,829,024.33)		($9,604.61)		$0.00		($2,660,866.43)	

Net Assets At Beginning Of Year	
$261,448.13		
$3,651,077.40		
$1,434,129.10		
$0.00		
$5,346,654.63	

Net Assets At End Of Year	
$439,210.64		
$822,053.07		
$1,424,524.49		
$0.00		
$2,685,788.20	

Greeneway Improvement District	
Budget to Actual	
For the Month Ending 5/31/2023	

Actual			

Budget		

Variance		
FY 2023
Adopted Budget		
Percentage Spent	

Revenues											
On-Roll Assessments	$	481,220.89	$	341,254.47		$	139,966.42		$	511,881.70		94.01%	
Off-Roll Assessments	11,918.48			7,945.53		3,972.95		11,918.30		100.00%	
Carryforward Revenue	71,509.78			71,509.78		-		107,264.67		66.67%	
Net Revenues	$	564,649.15	$	420,709.78		$	143,939.37		$	631,064.67		89.48%	
General & Administrative Expenses											
Legislative											
Supervisor Fees	$	3,800.00		$	8,000.00		$	(4,200.00)		$	12,000.00		31.67%	
Financial & Administrative											
Public Officials' Liability Insurance	2,688.00			2,000.00		688.00		3,000.00		89.60%	
Trustee Services	2,406.06			6,666.67		(4,260.61)		10,000.00		24.06%	
Management	26,666.64			26,666.67		(0.03)		40,000.00		66.67%	
Engineering	2,976.81			6,666.67		(3,689.86)		10,000.00		29.77%	
Disclosure	2,500.00			3,333.33		(833.33)		5,000.00		50.00%	
Property Appraiser	4,021.76			2,933.33		1,088.43		4,400.00		91.40%	
District Counsel	9,178.38			20,000.00		(10,821.62)		30,000.00		30.59%	
Assessment Administration	7,500.00			5,000.00		2,500.00		7,500.00		100.00%	
Reamortization Schedules	-			166.67		(166.67)		250.00		0.00%	
Audit	4,425.00			3,000.00		1,425.00		4,500.00		98.33%	
Arbirtrage Calculation	5,000.00			333.33		4,666.67		500.00		1000.00%	
Travel and Per Diem	48.44			100.00		(51.56)		150.00		32.29%	
Telephone	-			16.67		(16.67)		25.00		0.00%	
Postage & Shipping	6.21			333.33		(327.12)		500.00		1.24%	
Copies	-			666.67		(666.67)		1,000.00		0.00%	
Legal Advertising	2,079.75			3,000.00		(920.25)		4,500.00		46.22%	
Bank Fees	2.00			240.00		(238.00)		360.00		0.56%	
Miscellaneous	-			66.64		(66.64)		100.00		0.00%	
Meeting Room	241.47			266.67		(25.20)		400.00		60.37%	
Office Supplies	-			166.67		(166.67)		250.00		0.00%	
Property Taxes	59.88			3,333.33		(3,273.45)		5,000.00		1.20%	
Web Site Maintenance	1,845.00			1,933.33		(88.33)		2,900.00		63.62%	
Holiday Decorations	6,000.00			4,050.00		1,950.00		6,075.00		98.77%	
Dues, Licenses, and Fees	175.00			166.67		8.33		250.00		70.00%	
Total General & Administrative Expenses	$	81,620.40		$	99,106.65		$	(17,486.25)		$	148,660.00		54.90%	

Greeneway Improvement District
Budget to Actual
For the Month Ending 5/31/2023	

Actual			

Budget		

Variance	
FY 2023
Adopted Budget		
Percentage Spent	
Field Operations Electric Utility Services
Electric
Water-Sewer Combination Services	

$	881.21		

$	

5,333.33		

$	(4,452.12)	

$	8,000.00		

11.02%	
Water Reclaimed	13,225.11			6,666.67		6,558.44			10,000.00		132.25%	
Other Physical Environment												
General Insurance	3,023.00			2,250.00		773.00			3,375.00		89.57%	
Property & Casualty Insurance	4,471.00			3,251.33		1,219.67			4,877.00		91.68%	
Other Insurance	-			66.67		(66.67)			100.00		0.00%	
Irrigation Repairs	2,221.81			22,733.33		(20,511.52)			34,100.00		6.52%	
Landscaping Maintenance & Material	92,300.10			123,013.53		(30,713.43)			184,520.29		50.02%	
Tree Trimming	9,205.00			6,666.67		2,538.33			10,000.00		92.05%	
Flower & Plant Replacement	5,740.66			10,000.00		(4,259.34)			15,000.00		38.27%	
Contingency	1,220.14			6,666.67		(5,446.53)			10,000.00		12.20%	
Pest Control	2,595.00			3,466.67		(871.67)			5,200.00		49.90%	
Interchange Maintenance Expenses												
IME - Aquatics Maintenance	1,603.20			1,696.00		(92.80)			2,544.00		63.02%	
IME - Irrigation Repairs	884.40			1,600.00		(715.60)			2,400.00		36.85%	
IME - Landscaping	44,064.96			44,064.96		-			66,097.44		66.67%	
IME - Landscape Improvements	-			6,400.00		(6,400.00)			9,600.00		0.00%	
IME - Lighting	390.96			640.00		(249.04)			960.00		40.73%	
IME - Miscellaneous	495.60			3,200.00		(2,704.40)			4,800.00		10.33%	
IME - Water Reclaimed	461.54			800.00		(338.46)			1,200.00		38.46%	
Road & Street Facilities												
Entry and Wall Maintenance	500.00			1,240.00		(740.00)			1,860.00		26.88%	
Hardscape Maintenance	1,320.00			3,306.67		(1,986.67)			4,960.00		26.61%	
Streetlights	48,824.20			44,666.67		4,157.53			67,000.00		72.87%	
Accent Lighting	-			826.67		(826.67)			1,240.00		0.00%	
Parks & Recreation												
Personnel Leasing Agreement	14,879.92			14,880.00		(0.08)			22,320.00		66.67%	
Reserves									.			
Infrastructure Capital Reserve	-			7,333.33		(7,333.33)			11,000.00		0.00%	
Interchange Maintenance Reserve	-			1,300.63		(1,300.63)			1,950.94		0.00%	
	$	248,307.81		$	322,069.80		$	(73,761.99)	$	483,104.67		51.40%	
Total Expenses	$	329,928.21		$	421,176.45		$	(91,248.24)	$	631,764.67		52.22%	

Income (Loss) from Operations	
$	234,720.94	
$	(466.67)		
$	235,187.61		
$	
(700.00)			

Other Income (Expense)
Interest Income	

$	14,551.35	

$	466.67		

$	14,084.68	

$	700.00		

2078.76%	
Total Other Income (Expense)	$	14,551.35	
$	466.67		$	14,084.68	$	700.00		2078.76%	

						
Net Income (Loss)	$	249,272.29	$	-		$	249,272.29		$	-			

Greeneway Improvement District
Budget to Actual
For the Month Ending 5/31/2023

		Oct-22		Nov-22	Dec-22	Jan-23		Feb-23		Mar-23		Apr-23		May-23	

Revenues
On-Roll Assessments Off-Roll Assessments Carryforward Revenue
Net Revenues	

$	

-	

$	

30,069.88	

$ 107,320.42	

$ 246,900.45	

$	

53,061.11	

$	

21,432.07	

$	

13,528.00	

$	

8,908.96	
		-		-	11,918.48	-		-		-		-		-	
		8,938.72		8,938.73	8,938.72	8,938.72		8,938.72		8,938.73		8,938.72		8,938.72	
	$	8,938.72	$	39,008.61	$ 128,177.62	$ 255,839.17	$	61,999.83	$	30,370.80	$	22,466.72	$	17,847.68	
General & Administrative Expenses															
Legislative															
Supervisor Fees	$	-	$	1,000.00	$	600.00	$	-	$	600.00	$	600.00	$	600.00	$	400.00	
Financial & Administrative				-		-									
Public Officials' Liability Insurance		2,688.00		-	-	-		-		-		-		-	
Trustee Fees		2,406.06		-	-	-		-		-		-		-	
Management		3,333.33		-	6,666.66	3,333.33		3,333.33		3,333.33		3,333.33		3,333.33	
District Engineering		-		-	826.25	187.50		-		446.02		696.02		821.02	
Dissemination Agent		-		-	1,250.00	-		-		-		-		1,250.00	
Property Appraiser		-		-	-	-		4,021.76		-		-		-	
District Counsel		-		-	4,419.50	-		1,709.67		814.00		2,235.21		-	
Assessment Administration		7,500.00		-	-	-		-		-		-		-	
Reamortization Schedules		-		-	-	-		-		-		-		-	
Audit		-		-	-	-		-		-		4,425.00		-	
Arbitrage Calculation		-		-	-	-		-		-		2,500.00		2,500.00	
Travel and Per Diem		-		-	17.80	7.60		-		-		14.08		8.96	
Telephone		-		-	-	-		-		-		-		-	
Postage & Shipping		-		-	0.57	-		-		5.64		-		-	
Copies		-		-	-	-		-		-		-		-	
Legal Advertising		-		256.25	487.75	223.25		-		446.50		223.25		442.75	
Bank Fees		-		2.00	-	-		-		-		-		-	
Miscellaneous		-		-	-	-		-		-		-		-	
Meeting Room		-		-	53.54	72.28		-		-		64.25		51.40	
Office Supplies		-		-	-	-		-		-		-		-	
Property Taxes		-		59.88	-	-		-		-		-		-	
Website Maintenance		-		-	-	405.00		135.00		-		1,305.00		-	
Holiday Decorations		-		-	6,000.00	-		-		-		-		-	
Dues, Licenses, and Fees		175.00		-	-	-		-		-		-		-	
Total General & Administrative Expenses	$	16,102.39	$	1,318.13	$  20,322.07	$	4,228.96	$	9,799.76	$	5,645.49	$	15,396.14	$	8,807.46	

Field Operations
Electric Utility Services
Electric
Water-Sewer Combination Services
Water Reclaimed	

$	

-	

$	

129.30	

$	124.06	

$	131.24	

$	

177.04	

$	

108.86	

$	

106.59	

$	

104.12	
		-		2,043.73	1,056.98	1,318.48		1,623.39		1,873.22		2,415.42		2,893.89	

YTD Actual

$	481,220.89	
11,91586.448,649.15
$
71,509.78

$	3,800.00

2,688.00
2,406.06
26,666.64
2,976.81
2,500.00
4,021.76
9,178.38
7,500.00

4,425.00
5,-000.00

48.44

6-.21
2,079.75
- 2.00
241.47
-

15,-98.4858.00	
$6,000.0801,620.40
175.00

$	881.21

13,225.11	

Greeneway Improvement District
Budget to Actual
For the Month Ending 5/31/2023	

Other Physical Environment
General Insurance
Property & Casualty Insurance Other Insurance
Irrigation Repairs
Landscaping Maintenance & Material Tree Trimming
Flower & Plant Replacement Contingency
Pest Control
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping
IME - Landscape Improvements IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
Road & Street Facilities
Entry and Wall Maintenance Hardscape Maintenance Streetlights
Accent Lighting
Parks & Recreation
Personnel Leasing Agreement
Reserves
Infrastructure Capital Reserve Interchange Maintenance Reserve
Total Field Operations Expenses

Total Expenses
Income (Loss) from Operations Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)	

$

 $	

$

$
$

 $ 	
Oct-22

3,023.00
4,471.00
-
-
-
-
-
-
-

200.40
- 5,508.12
-
-
-
-

-
-
-
- 1,859.99
-
-
15,062.51

31,164.90

(22,226.18)

14.91
14.91

(22,211.27)	

$

 $ 

$

$
$

$	
Nov-22	Dec-22	Jan-23

-	-	-
-	-	-
-	-	-
-	975.04	385.00
-	24,720.00	17,181.00
-	-	-
-	-	-
1,220.14	-	-
-	-	-

200.40	200.40	200.40
-	-	634.44
5,508.12	5,508.12	5,508.12
-	-	-
49.05	53.63	65.45
-	-	-
58.62	49.02	17.88

-	-	-
-	-	-
6,931.89	6,932.17	6,992.81
-	-	-

1,859.99	1,859.99	1,859.99

-	-	-
-	-	-
18,001.24	$  41,479.41	$  34,294.81

19,319.37    $  61,801.48    $  38,523.77 

19,689.24	$  66,376.14	$ 217,315.40

15.85	$	1,328.93	$	28.58
15.85	$	1,328.93	$	28.58

19,705.09	$  67,705.07	$ 217,343.98	

$

 $ 

$

$
$

$	
Feb-23

-
-
- 366.81
14,678.10
-
-
-
-

200.40
- 5,508.12
- 58.96
422.40
52.50

1,320.00
- 6,991.61
- 1,859.99
-
-
33,259.32

43,059.08 

18,940.75

20.38
20.38

18,961.13	

$

 $ 

$

$
$

$	
Mar-23

-
-
-
- 11,907.00
- 1,800.00
- 2,595.00

200.40
- 5,508.12
- 54.62
73.20
58.13

-
- 6,991.30
- 1,859.99
-
-
33,029.84

38,675.33 

(8,304.53)

13,099.52
13,099.52

4,794.99	

$

 $ 

$

$
$

$	
Apr-23

-
-
-
- 11,907.00
-
-
-
-

200.40
249.96
5,508.12
- 57.50
- 183.82

(1,320.00)
1,320.00
6,992.81
- 1,859.99
-
-
29,481.61

44,877.75 

(22,411.03)

20.96
20.96

(22,390.07)	

$

 $ 

$

$
$

$	
May-23

-
-
- 494.96
11,907.00
9,205.00
3,940.66
-
-

200.40
- 5,508.12
- 51.75
- 41.57

500.00
- 6,991.61
- 1,859.99
-
-
43,699.07

52,506.53 

(34,658.85)

22.22
22.22

(34,636.63)	

 
YTD Actual

3,023.00
4,471.00
- 2,221.81
92,300.10
9,205.00
5,740.66
1,220.14
2,595.00

1,603.20
884.40
44,064.96
- 390.96
495.60
461.54

500.00
1,320.00
48,824.20
- 14,879.92
-
-	
$	248,307.81

$	329,928.21	
$	234,720.94

$	14,551.35	
$	14,551.35	
$	249,272.29	

Greeneway Improvement District Cash Flow

FY 2022 Inflows	FY 2022 Outflows	FY 2023 Inflows	FY 2023 Outflows	End. Cash	

-	
(31,287.59)	
1.80	
(21,190.33)	
104,176.66		
6,693.00	(628.93)	184,139.41	(11,746.65)	282,633.49		
-	-	762,728.20	(709,427.87)	335,933.82		
-	-	1,511,943.46	(1,423,852.18)	424,025.10		
-	-	320,912.09	(318,638.97)	426,298.22		
-	-	144,326.46	(47,106.92)	523,517.76		
-	-	82,846.95	(221,759.58)	384,605.13		
-	-	54,560.90	(89,522.55)	349,643.48		
-	-	-	(13,321.94)	336,321.54	as of 06/11/2023	

Beg. Cash

10/1/2022	156,652.78	
11/1/2022	104,176.66	
12/1/2022	282,633.49	
1/1/2023	335,933.82	
2/1/2023	424,025.10	
3/1/2023	426,298.22	
4/1/2023	523,517.76	
5/1/2023	384,605.13	
6/1/2023	349,643.48	

Totals	3,218,410.68	(3,287,341.77)	3,061,459.27	(2,856,566.99)

Greeneway Improvement District Construction Tracking - mid-June

Amount

Series 2013 Bond Issue
Original Construction Fund
Additions (Interest, Transfers from DSR, etc.) Cumulative Draws Through Prior Month

Construction Funds Available	
$

$	
48,700,000.00
805,356.48
(49,497,677.71)
==========
7,678.77	
Series 2013 Construction Funds Remaining	$	7,678.77	

Series 2018 Bond Issue
Additions (Interest, Transfers from DSR, etc.) Cumulative Draws Through Prior Month	
$	
6,365,794.66
(6,365,794.66)	
Series 2018 Construction Funds Remaining	$	-	

Series 2023 Bond Issue
Original Construction Fund
Additions (Interest, Transfers from DSR, etc.) Cumulative Draws Through Prior Month

Construction Funds Available

Requisitions This Month
Requisition #S2023-001: Boggy Creek Improvement District Requisition #S2023-002: Kutak Rock
Requisition #S2023-003: Donald W. McIntosh Associates

Total Requisitions This Month	
$

$

$

$	
1,400,000.00
1,844.93
-
==========
1,401,844.93

(47.65)
(152.50)
(275.00)
==========
(475.15)	
Series 2023 Construction Funds Remaining	$	1,401,369.78	

Current Committed Funding	-
Upcoming Committed Funding	-
Total Committed Funding	$	-

Net Uncommitted	1,409,048.55