Deer Run Community Development District

Agenda May 24, 2018

AGENDA

Deer Run
Community Development District
135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524- Fax: 407-839-1526
May 17, 2018

Board of Supervisors Deer Run Community Development District

Dear Board Members:

The Board of Supervisors of Deer Run Community Development District will meet Thursday, May 24, 2018 at 3:00 PM at the Government Services Building, 1769 E. Moody Blvd, Bunnell, FL. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the October 12, 2017 Meeting
Review and Acceptance of Revised Draft Fiscal Year 2017 Audit Report
Consideration of Resolution 2018-02 Approving the Proposed Fiscal Year 2019 Budget and Setting a Public Hearing
Discussion of Proposals
Lake Clean Up with Applied Aquatic Management, Inc.
Landscaping with Yellowstone Landscape VIL Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Registers
Balance Sheet and Income Statement
Presentation of Number of Registered Voters - 38
Designation of November 15, 2018 as Landowners' Meeting Date
Field Manager's Report
Other Business
Supervisors Requests
Adjournment

The second order of business of the Board of Supervisors Meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is approval of the minutes from the October 12, 2017 meeting. A copy of the minutes is enclosed for your review.

The fourth order of business is the review and acceptance of the revised draft Fiscal Year 2017 Audit Report. A copy of the report is enclosed for your review.

The fifth order of business is the consideration of Resolution 2018-02 approving the proposed Fiscal Year 2019 budget and setting a public hearing. Once approved, the proposed budget  will be forwarded to the governing authorities at least 60 days prior to the final budget hearing. A copy of the Resolution and proposed budget are enclosed for your review.

The sixth order of business is discussion of proposals. Section A is a proposal from Applied Aquatic Management, Inc. for lake clean up. A copy of the proposal is enclosed for your review. Section B is landscaping proposals from Yellowstone Landscape. Copies of the proposals are enclosed for your review.

Section C of the seventh order of business is the District Manger's report. Section 1 includes the check registers being submitted for approval and Section 2 includes the balance  sheet  and income statement for your review. Section 3 is the presentation of the  number  of  registered voters within the boundaries of the District, a copy of the letter from the Flagler County Supervisor of Elections is enclosed for your review. Section 4 is the designation of November 15, 2018 as the landowners' meeting date. A copy of the instructions, sample  agenda  and landowners' proxy is enclosed for your review. Section 5 is the Field Manager's Report that will update you on the status of any field or maintenance issues around the community.  The report will be provided under separate cover.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

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ason M. Sh�C"� - District Manager

CC:	Roy Van Wyk, District Counsel Rey Malave, District Engineer
Gina Grimes, Hill Ward Henderson Irvin Weinstein, Roger Towers, P.A.
Michael Dady, Lerner Real Estate Advisors Darrin Mossing, GMS

Enclosures

MINUTES

MINUTES OF MEETING DEER RUN
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Deer Run Community Development District was held Thursday, October 12, 2017 at 3:00 p.m. in the Emergency Operations Center, 1769 E. Moody Boulevard, Bunnell, Florida.

Present and constituting a quorum were: Robert Porter
Mark Dearing Duane Owen James Teagle Jan Doan
Also present were:
Jason Showe Sarah Warren John Shultheis Darrin Mossing Alan Scheerer Brett Sealy Ashton Bligh Residents

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

SECOND ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer GMS (by phone)
Field Manager (by phone)
MBS Capital Markets (by phone) Greenberg Traurig (by phone)

Roll Call

Public Comment Period

Ms. Johnston stated Jason Showe and I have corresponded quite a bit and he did a very nice job answering my questions. I think it is terrible that the maps referenced in all the information received were in Orlando and not here in Flagler County. The maps should have been in Bunnell.
Mr. Porter asked which maps?
Ms. Johnston stated there were maps about the whole development that were referenced in the paper. The resolution kept referring to different maps.

October 12, 2017	Deer Run CDD
Mr. Porter stated we have a website and any time you need more information ifyou go to that website you will find a link to contact Jason and he will share. Anything we are doing we are happy to send you copies of and that sort of thing. If you see this kind of thing come up let Jason know and we can send you copies of maps or whatever we need to.
Ms. Johnston stated the last paragraph said that we can contact the office in Orlando and it would have been much easier if that office were here.
Mr. Porter stated one of the things that is in the works is to do an amenity center in Grand Reserve and at that amenity center there will be meeting rooms, offices that kind of thing and once we get that up and running I expect that we will move all of our records so we will have all of our records onsite.
Ms. Johnston asked will there be a pool at the amenity center? The only picture I could find was on D.R. Horton's website.
Mr. Porter stated I haven't looked at the picture on the website lately. We will send you copies. D.R. Horton is doing the design at this point it is not the District, the District has no money right now but Horton is working on getting the architectural drawings done and we can send you a copy. At the end of the meeting I will give you one of my business cards so you will know how to get in touch with me.
Because we haven't had folks here before let me introduce myself, I'm Bob Porter I work for D.R. Horton and I handle acquisition and development for Horton and I'm very much involved in it. James Teagle is also a Horton employee and James is the one who has been managing all the work on the entryway, upgrades and new landscaping and so forth. He will be managing the process of getting all that stuff designed and the work that has been done so far. Jan Doan is a developer who has developed a lot of projects over the years and Mr. Owen is another developer in Central Florida. We have folks with a lot ofexperience on the Board.
Ms. Johnston stated for the $3 million you are asking us to pay it would be nice to know if there were a swimming pool.
Mr. Teagle stated there is.
Mr. Porter stated it is a two-story building, an open area on the top that I think you will have a view of the golf course from, two or three meeting rooms, an exercise room, pool and there will be lanes for people who want to swim laps, Baja shelf if you just want to relax in 18" of water, four pickle ball courts, a couple of bocce ball courts. I will be happy to get you some

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October 12, 2017	DeerRunCDD

more information on it.	You don't have to wait for me to answer questions you can contact Jason he is our District Manager.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the August 24,
2017 Meeting

On MOTION by Mr. Teagle seconded by Mr. Dearing with all in favor the minutes of the August 24, 2017 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Public Hearing

On MOTION by Mr. Teagle seconded by Mr. Dearing with all in favor the public hearing was opened.

Consideration of Engineer's Report
Mr. Porter stated we have an engineer's report that talks about what the plans are and for those of you who have not seen this before the original plans for Grand Reserve was 999 units total and over 500 were townhouses. We don't think townhouses is the best solution in Palm Coast so Horton is changing that and it will be a mixture of 40 and 50 foot single-family lots without any townhomes. The intent is we are going to add a third product line, which is what we call Freedom Homes that will be essentially 55 and over, gated community kind of thing. It does talk a little about the amenity center.
Mr. Shultheis stated I apologize I only have the seven copies just let me know if you have any questions on this.
Mr. Porter stated I will give you my copy before we leave. It does have a map that shows the intended land plan that will give you an idea of what we think is coming. The same areas that were included in all the plans before the only difference is the density is a little lower. What we are talking about using the bonds for is building an amenity center and potentially some additional landscaping, all of the future development, roads, water, sewer, streets and so forth will be done by D.R. Horton.

Consideration of Assessment Methodology Report

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October 12, 2017	Deer Run COD

Mr. Showe stated essentially the assessment methodology lays out all the terms ofwhat is in the Engineer's Report for construction and levies those new dollars onto the properties in terms of how we are going to assess going forward. It speaks to the fact that essentially any lots that have already been sold to third parties their assessments will remain the same but they will be longer terms due to the new funding. The rest of the lots are all D.R. Horton so they will be assessed at those rates as well.
Ms. Warren stated I want to note for the record for clarity purposes that the refunding component is not extended, that term stays the same it is just the new money component that has an additional term.
For purposes of the record, is it in your professional opinion that the assessments levied are less than or equal to the benefit that the properties will receive?
Mr. Showe stated yes.
Ms. Warren asked when levied in accordance with the methodology there will be a fair and reasonable apportionment of the assessments?
Mr. Showe responded correct.

Public Comment and Testimony
There being none, the next item followed.

Consideration of Resolution 2018-01 Levying Assessments
Mr. Showe stated attached to this resolution will be final copies of the Engineer's Report and the assessment report that we just talked about.
Ms. Warren stated I will note that we worked on the mailed and published notices with the District Manager's office and they were provided as required by statute and this resolution confirms your authorization of the project that is set forth in the Engineer's Report that was just presented as well as your adoption of the amended master assessment methodology that was just presented. This resolution sets the maximum cap on assessments and when you reach the stage that we issue the refunding and revenue bonds we will adopt a subsequent resolution that will levy the assessments that are specific to the amount of bonds that are issued.

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October 12, 2017	Deer Run CDD

On MOTION by Mr. Doan seconded by Mr. Teagle with all in favor Resolution 2018-01 was approved.

On MOTION by Mr. Teagle seconded by Mr. Dearing with all in favor the Public Hearing was closed.

FIFTH ORDER OF BUSINESS	Consideration of Agreement with Berger,
Toombs, Elam, Gaines & Frank for Auditing Services
Mr. Porter stated next is consideration of an agreement with Berger Toombs Elam Gaines
& Frank for auditing services. CDDs are required to have an audit every year and we go out and ask for proposals from auditors, we rank them and pick one. Normally they are all very well qualified and we pick the one that costs the least.
Mr. Showe stated we did the bid in 2016 and they did your audit in 2016 and pursuant to Florida Statutes because they are requiring them to be done earlier now we try to get the process started early so that as soon as we close the books we can get rolling on the audit.

On MOTION by Mr. Dearing seconded by Mr. Teagle with all in favor the engagement letter with Berger Toombs to perform the Fiscal Year 2017 audit was approved.

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

Engineer
There being none, the next item followed.

Manager
Approval of Check Register

On MOTION by Mr. Teagle seconded by Mr. Dearing with all in favor the check register was approved.

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October 12, 2017	Deer Run CDD

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

Field Manager's Report
Mr. Scheerer stated I think everybody can see the progress that has been made out there. We are grateful to D.R. Horton for all the wonderful improvements at both entrances. We did have a hiccup with one of the fountains and I want to give some credit to Scott Barnes with Yellowstone in helping us diagnose and correct the problem at the 100 fountain. We are also working with Applied Aquatic right now to get through all the ponds per the proposal that was approved by the Board at the last meeting. I think everything is looking good, the new landscape maintenance schedule has benefited everybody out there and it is nice to see all the progress.
Mr. Porter stated I think it looks a lot better. I live in Jacksonville and I'm not here nearly as often as you are. If you see things that don't look right you can go through Jason. I know there hasn't been any money in the District for a long time and we were not happy with the way the mowing was being done and some of the rest of it. We increased frequency and that sort of thing but if you see stuff that needs to be addressed let us know because we have the same thing in mind that you do and that is we want to drive property values as high as we can get them.
There is going to be a lot of work done out on the U.S. 1 entrance. We are getting the plans finished and getting it permitted and that kind ofthing. That entry is going to get rebuilt as well.
Ms. Johnston stated it looks very mce but one thing your company did when the
hurricane was coming they were out there doing the best they could putting everything in dumpsters and things stayed in those big dumpsters.
Mr. Porter stated our builder and his wife were out before the storm putting covers over dumpsters.
Ms. Johnston asked is the amenity center going to be a Category 3 or 4 building or anything like that?
Mr. Porter stated it is a 120-mph wind design, essentially the answer is yes.
Mr. Jones stated we have been here about five years and one of the things that we see is you are doing it all in concrete and we have pavers. My wife and I are also walkers and bicycle

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October 12, 2017	Deer Run CDD
people and we have to walk in the street now and that has been going on since the construction started because of stuff blocking sidewalks, because of trucks blocking sidewalks because of a number of things.
Mr. Porter stated I will talk to Kevin and let him know. I will give all of you my card and if there are any problems with what Horton is doing let me know and I will pass it along to our construction folks or whoever. We try to be good neighbors but as you know there is a ton of work going on out there and a lot of different subs, some do a better job than others.
Mr. Jones stated Kevin does respond and there have been a couple of issues with trash all over the place and I mentioned it to him and he does respond. We have a good relationship with him and we have a good relationship with D.R. Horton too.
Mr. Porter stated we want to be good neighbors but there is going to be trash from construction but we will clean it up. If you see problems that we are causing, stuff we break we will fix. I think communication is the most important thing.
Because we have not had folks here before and I'm sure you were told ten years ago about how the CDD works in terms of governance and that kind of thing, right now when we have elections we have landowner elections and it is one yote per lot or per acre so right now Horton will have 1,000 votes and you each get one in terms of the Board Members. When we get to the point where we have 250 registered voters then the first election after that there will be two seats that can only be filled by residents and are only voted on by residents. That will be the first election once we get 250 people. The following election two years later there will be two more seats that transition and the election after that it is all residents. You will see a little more representation as we move forward.

SEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Porter asked is there anything else you want to talk about? McPherson stated is the HOA coming?
Mr. Porter stated the HOA and the CDD are two entirely different things, the CDD is a government just like the City of Bunnell or Flagler County and the CDD takes care of the reuse

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October 12, 2017	Deer Run CDD

system, some of the roads, the common areas, entryways that kind of thing. But the CDD does not have any authority to do things like architectural control and that sort of thing that is the HOA. The CDD is not by law allowed to get into that. Mark is our in-house attorney and he may know what's going on with the HOA but it is a separate group and I don't know a thing about it.
Mr. Dearing stated I can talk to you about that after the meeting is over.

On MOTION by Mr. Doan seconded by Mr. Teagle with all in favor the meeting adjourned at 3:25 p.m.

SecretaryIAssistant Secretary	Chairman/Vice Chairman

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SECTION IV

REVISED DRAFT

Deer Run Community Development District
ANNUAL FINANCIAL REPORT
September 30, 2017 

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REV ISED DRAFT

Deer Run Community Development District
ANNUAL FINANCIAL REPORT
September 30, 2017 TABLE OF CONTENTS

Page Number

REPORT OF INDEPENDENT AUDITORS MANAGEMENT'S DISCUSSION AND ANALYSIS
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements Statement of Net Position Statement of Activities
Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund

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9
10 
11 
12 
13 

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15 

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Notes to Financial Statements	1 6-29
INDEPENDENT AUDITOR'S REPORT ON I NTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDIT/NG STANDARDS	30-31
MANAGEMENT LETTER	32-34
INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION
21 8.415, FLORIDA STATUTES	35

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REVISED DRAFT

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Deer Run Community Development District Flagler County, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Deer Run Community Development District as of and for the year ended September 30, 201 7, and the related notes to financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Accounting Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation · of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
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REV I SED DRAFT

To the Board of Supervisors
Deer Run Community Development District
Opinion

In our opinion, the basic financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities and each major fund of Deer Run Community Development District as of September 30, 201 7, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Governmental accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis and budgetary comparison be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context We have applied certain limited procedures to the required supplementary information in accordance with governmental auditing standards generally accepted in the United States of America, which consisted principally of inquires of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards

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In accordance with Government Auditing Standards, we have also issued a report dated April XX, 201 8 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Deer Run Community Development District's internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida
April XX, 201 8

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REV I SED DRAFT

Deer Run Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 201 7

Management's d iscussion and analysis of Deer Run Community Development District (the "District") financial performance provides an objective and easily readable analysis of the District's financial activities for the fiscal year ended September 30, 2017. The analysis provides summary financial information for the District and should be read in conjunction with the District's financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS
The District's basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District's financial position and results of operations. The Fund financial statements present financial information for the District's m ajor funds. The Notes to financial statements provide additional information concerning the District's finances. This report also contains other supplementary information in addition to the basic financial statements.
The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments.
The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position is reported in three categories; 1) net investment in capital assets, 2) restricted, and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities.
The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District's operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment and debt service.
Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes In current financial resources (revenues and expenditures), and current available resources.

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REVI SED DRAFT

Deer Run Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS 
For the Year Ended September 30, 2017 

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances - budget and actual is provided for the District's General Fund. Fund financial statements provide more detailed information about the District's activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

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The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District's financial standing. These statements are comparable to private-sector companies and give a good understanding of the District's overall financial health and how the District paid for the various activities, or functions, provided by the District.	All assets of the District, including land, buildings and improvements, and infrastructure are reported in the statement of net position.	All liabilities, including principal outstanding on bonds are included.	The statement of activities includes depreciation on all long lived assets of the District, but transactions between the different functions of the District have been eliminated in order to avoid "doubling up" the revenues and expenses.	The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements.	To provide a link from the fund financial statements to the government-wide financial statements, a reconciliation is provided from the fund financial statements to the government-wide financial statements.
Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.
Financial Highlights
The following are the highlights offinancial activity for the year ended September 30, 201 7.
The District's total assets were exceeded by total liabilities by $(1 0,043,659)
(net position). Unrestricted net position for Governmental Activities was $(9,231, 739). Net investment in capital assets was $(81 1,920).
Governmental activities revenues totaled $124,023 while governmental activities expenses totaled $1 ,088,333.

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REVISED DRAFT

Deer Run Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.
Net Position

Current assets Restricted assets	2017
$	49,363
97,956	2016
$	1 03,961
83,300	
Capital assets	2,755,986	2,857,476	
Total Assets	2,903,305	3,044,737	
Current liabilities	5,691 ,964	4,734,086	
Non-current liabilities	7,255, 000	7,390,000	
Total Liabilities
Net Position	1 2,946,964	1 2,1 24,086	
Net investment in capital assets	(81 1 , 920)	(71 0,430)	
Unrestricted	(9,231 ,739)	(8,368,91 9)	

Governmental Activities

Total Net Position

$(1 0,043,659)

$(9,079,349)

The decrease in current assets was primarily due to expenditures in excess of revenues in the General Fund.
The decrease in capital assets and net investment in capital assets is the result of depreciation in the current year.
The increase in total liabilities was primarily due to increases in accrued interest and matured interest payable.
The increase in restricted assets is primarily the result of the current year special assessments for debt service.

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REVISED DRAFT 

Deer Run Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017 

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis ofthe District (Continued)
The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes. It is not intended to be a complete presentation of District-wide financial activity.
Change in Net Position
Governmental Activities
2017	2016

Program Revenues
Charges for services	$	90,666	$	109,297
Contributions	30,000
General Revenues
Investment earnings	257	67
Miscellaneous revenues	311 00	7 700
Total Revenues	1 241023	11 7,064
Expenses
General government	76,592	74,606
Physical environment	195,072	1 96,039
Interest on long-term debt	81 6,669	868,420
Total Expenses	1 ,088,333	111 391065
Change in Net Position	(964,31 0)	(1,022,001)
Net Position - Beginning ofYear	{9,079,349)	(81057,348)
Net Position - End of Year	$ (1 0,043,659}	$ (9, 079,349)
The decrease in charges for services and increase in contributions was the result of the nonpayment of special assessments in the current year.
The decrease in interest is related to the lower accrual for interest on the matured interest in the current year.

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REVISED DRAFT

Deer Run Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
Forthe Year Ended September 30, 2017 

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Capital Assets Activity
The following schedule provides a summary of the District's capital assets as of September 30, 2017 and 201 6.

Governmental Activities
Description	2017	2016

Infrastructure	$	3,567,906	$	3,567,906	
Accumulated depreciation	(81 1 ,920)	(71 0,430)	

Total Capital Assets (Net)	$	2,755,986 The activity for the year consisted of $1 01 ,490 in depreciation. General Fund Budgetary Highlights

$	2,857,476

Actual expenditures were Jess than budgeted amounts primarily because of less attorney fees and lake maintenance than expected.
There were no amendments to the September 30, 2017 budget. Debt Management
Governmental Activities debt includes the following:
♦ In May 2008, the District issued $8,165,000 Series 2008 Special Assessment Bonds. These bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Many of those improvements have been conveyed to other governments. As of September 30, 2017, the Series 2008 Bond was in default and matured bonds payable totaled $700,000. The balance not yet matured outstanding at September 30, 2017 was $7,390,000.

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REV ISED DRAFT

Deer Run Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2017 

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Economic Factors and Next Year's Budget

The District anticipates the issuance of additional debt to fund improvem ents to the Clubhouse. In addition, it is anticipated that the general operations of the District will remain fairly constant.
Request for Information
The financial report is designed to provide a general overview of Deer Run Community Development District's finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Deer Run Community Development District, Governmental Management Services, CF, LLC, 1 35 West Central Boulevard, Suite 320, Orlando, FL 32801. 

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REVI SED DRAFT

ASSETS
Current Assets Cash
Accounts receivable

Deer Run Community Development District STATEMENT OF NET POSITION
September 30, 201 7

Governmental Activities

$	37,987
3,898

Due from other governments Prepaid expenses
Total Current Assets Non-current Assets
Restricted assets Investments
Capital assets, being depreciated Infrastructure
Less: accumulated depreciation Total Non-current Assets
Total Assets
LIABILITIES

Accou nts payable and accrued expenses	20,053	
Accrued interest	1,1 14,286	
Unearned revenues	21 ,450	
Bonds payable - current portion	1 35,000	
Matured bonds payable	700,000	
Matured interest payable	3,701,175	

Current Liabilities

77
7,401
49,363

97,956
3,567,906
(81 1 ,920)
2,853,942
2,903,305

Total Current Liabilities Non-current Liabilities Bonds payable
Total Liabilities
NET POSITION
Net investment in capital assets Unrestricted
Total Net Position

5,691,964
7,255,000
12,946,964

(81 1 ,920)
(9,231,739)
$	(1 0,043,659)

I

See accompanying notes to financial statements.
-9- 

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Functions/Programs

General government	$	(76,592)	$	34,339	$	1 3, 502	$	(28,751) 	
Physical environment	(1 95,072)		16,498	(136,61 7)	

Governmental Activities

Deer Run Community Development District STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2017 

Program Revenues
Operating Charges for	Grants and
Expenses	Services	Contributions

Net (Expense) Revenues and Changes in Net Position

Governmental Activities

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Interest on long-term debt Total Governmental Activities

(816, 669)
$ (1 ,088,333)	$

14,370	(802,299)

41,957

90,666	=$====3=0=,0=00=   	_.:('--96_7,.:_,6_67...!...)

General revenues: Investment earnings Miscellaneous revenues
Total General Revenues
Change in Net Position Net Position - October 1, 20 16
Net Position - September 30, 2017 

257
3, 1 00

(964,31 0)

(9, 079,349)
$ (1 0,043,659)

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See accompanying notes to financial statements.
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REV I SED DRAFT

Deer Run Community Development District BALANCE SHEET
GOVERNMENTAL FUNDS
September 30, 2017

Total
2008 Debt	Capital	Governmental
ASSETS	General	Service	Projects	Funds
Cash	$	37,987	$	$	$	37,987 Accounts receivable			3,898					3,898
Due from other governments	18	59	77
Prepaid items	7,401	7,401 Restricted assets
Investments, at fair value	97,850	1 06	97,956
Total Assets	$	49,304	$	97,909	$	1 06	$	1 47,31 9
LIABILITIES AND FUND BALANCES LIABILITIES
Accou nts payable and accrued expenses	$	20,053	$	$	$	20,053
Unearned revenues	21 ,450	21 ,450
Matured bonds payable		700,000	700,000	
Matured interest payable		3,701 ,175	3,701, 175	
Total Liabilities	41 ,503	4,401 ,175	4,442,678	
FUND BALANCES
Nonspendable
Prepaid items	7,401	7,401 Restricted
Capital projects	1 06	1 06
Unassigned	400	(4,303,266)	(4,302,866)
Total Fund Balances	7,801	(4,303,266)	1 06	(4,295,359)
Total Liabilities and Fund Balances	$	49,304	$	97,909	$	1 06	$	1 47,31 9

See accompanying notesto financial statements.	- 11 -

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Deer Run Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES
TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 201 7

Total Governmental Fund Balances

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets being depreciated, infrastructure, $3,567,906, net of accumulated depreciation, $(81 1 ,920), used in governmental activities are not current financial

$	(4,295,359)

resources and therefore, are not reported at the fund level.	2,755,986

Long-term liabilities, such as bonds payable, are not due and payable in the current
period and therefore, are not reported at the fund level.	{7,390,000)

Accrued interest expense for long-term debt is not a current financial use
and therefore, is not reported at the fund level.		(1 ,114,286) Net Position of Governmental Activities	$ (1 0,043,659)

See accompanying notes to financial statements. - 12 -

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Deer Run Community Development District
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDS
September 30, 2017

REVENUES

Totals
2008 Debt		Capital	Governmental General	Service	Projects		Funds

Special assessments	$	76,296	$	1 4,370	$	$	90,666
Contributions from bondholders	30,000	30,000
Investment earnings	257	257
Miscellaneous revenues	3,100	3, 1 00
Total  Revenues	1 09,396	14,627	1 24,023

EXPENDITURES
Current
General government	76,592	76,592
Physical environment	93,582	93,582
Debt service
Principal	1 25,000	1 25,000
Interest	61 6,862	616,862
Total  Expenditures	1 70,1 74	74 1 ,862	91 2,036

Net change in fund balances	(60,778)	(727,235)	(788,01 3)

Fund Balances - October 1, 2016	68,579	(3,576,031)	1 06	(3,507,346)
Fund Balances - September 30, 2017	$	7,801	$ �4,303,266)	$	1 06	$ (4,295,359)

See accompanying notes to financial statements.	- 1 3- 

Deer Run Community Development District

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RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE
STATEMENT OF ACTIVITIES
Forthe Year Ended September 30, 2017 

Net Change in Fund Balances - Total Governmental Funds	$	{788,013)
Amounts reported for g overnmental activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures, however
in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation. This is the
amount_ ofdepreciation in the current period.	(101 ,490)
Repayment of bond principal is an expenditure in the governmental funds,
but the repayment reduces long-tenn liabilities in the Statement of Net Position.	125,000

In the Statement of Activities, interest is accrued on outstanding bonds, matured bonds and matured interest, whereas in governmental funds, interest expenditures are reported when due. This is the net amount between the prior year and the current
year accruals.	(1 99,807)
Change in Net Position of Governmental Activities	$	(964,310)

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See accompanying notes to financial statements.

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Deer Run Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL GENERAL FUND
For the Year Ended September 30, 2017

Revenues

Original	Final
Budget	Budget	Actual

Variance
Favorable (Unfavorable)

Special assessments	$ 1 82,971	$ 1 82,971	$	76,296 Contributions from bondholders				30,000

$	(106,675)
30,000

Miscellaneous revenues	4,800	4,800	3, 100	{1 ,700)	
Total Revenues	1 87,771	1 87,771	1 09,396	(78,375)	

Expenditures Current
General government	81 ,401	81 ,401	76,592

4,809

Physical environment	1 06,370	1 06,370	93,582	12,788	
Total Expenditures	1 87,771	1 87,771	1 70, 1 74	17,597	
Net change in fund balances	(60,778)	(60,778)	
Fund Balances - October 1, 2016 	68,579	68,579	
Fund Balances - September 30, 2017 	$	$	$	7,801	$	7,801	

See accompanying notes 1o financial statements.	- 1 5 -

REV I SED DRAFT

Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017 
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of Deer Run Community Development District (the "District") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing g overnmental accounting and financial reporting principles. The District's more significant accounting policies are described below.
Reporting Entity
The District was established on May, 15, 2007 by an ordinance of the Board of City Commissioners of the City Of Bunnell, Florida, under the Uniform Community Development District Act of 1 980, Chapter 1 90, Florida Statutes, as amended (the "Act"), as a Community

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Development District.  The District was established for the purposes of financing and	i' managing the acquisition, construction,  maintenance and operation of the infrastructure	i­ necessary for community development within its jurisdiction. The District is governed by a	r: five-member Board of Supervisors, who are elected by the property owners for terms of four
and two years. The District operates within the criteria established by Chapter 1 90, Florida Statutes. The Board has the responsibility for assessing and levying assessments, approving budgets, exercising control over facilities and properties,· controlling the use of funds generated by the District, approving the hiring and firing of key personnel, and financing improvements.
The reporting entity for the District includes all functions of government in which the District's Board exercises oversight responsibility. Oversight responsibility includes, but is not limited to, financial interdependency, designation of management, significant ability to influence operations and accountability for fiscal matters. As required by GAAP, these financial statements present the Deer Run Community Development District (the primary government) as a stand-alone government.
Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards Board, the District has identified no component units.
M easurement Focus and Basis of Accounting
The basic financial statements of the District are compos.ed of the following:
Government-wide financial statements
Fund financial statements
N otes to financial statements

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Deer Run Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2017 

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NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus and Basis of Accounting (Continued)
Government-wide Financial Statements
Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.
Governmental activities are supported by special assessments. Program revenues include charges for services, and payments made by parties outside of the reporting government's citizenry if that money is restricted to a particular program. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.
Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure.   Proceeds of long-term  debt are recorded as  liabilities in the    g overnment-wide financial statements, rather than as an other financing source.
Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.
Fund Financial Statements
The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
Fund financial statements for the primary government's governmental funds are presented after the government-wide financial statements.  These statements display i nformation about major funds individually.

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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017

REV I SEO ·DRAFT	I
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NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements (Continued) Governmental Funds
The District has implemented the Governmental Accounting Standards Board Statement 54 - Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the g overnment is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.
The District has various policies governing the fund balance classifications.
Nonspendable Fund Balance .., This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.
Restricted Fund Balance - This classification includes amounts that can be spent only for specific purposes stipulated by the state constitution, external resource providers, or through enabling legislation.
Assigned Fund Balance - This classification consists of the Board of Supervisors' intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District's management company.
Unassigned Fund Balance - This classification is the residual classification for the government's general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.
Fund Balance Spending Hierarchy - For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

- 1 8- 

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Deer Run Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 201 7
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.
Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue ofthe current fiscal period.

Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of "available spendable resources". Governmental fund operating statements present increases {revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.
Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were expended, rather than as fund assets. The proceeds of long-term debt are recorded as an other financing source rather than as a fund liability.
Debt service expenditures are recorded only when payment is due.
Basis of Presentation
Governmental Major Funds
General Fund - The General Fund is the District's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

- 1 9- 

"�-	.:,-··------ ·-····.. ·:• ..

Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017 

REV I SED DRAFT

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NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Basis of Presentation (Continued)
Governmental Major Funds (Continued)
Debt Service Fund - Accounts for debt service requirements to retire certain capital improvement revenue bonds which were used to finance the construction of District infrastructure improvements and finance certain additional improvements. The bond series is secured by a pledge of debt service special assessment revenues in any fiscal year related to the improvements. A lien is placed on all benefited land in relationship to the debt outstanding.
Capital Proiects Fund - The Capital Project Fund accounts for construction of infrastructure improvements within the boundaries of the district, which is funded by bond proceeds. A lien is placed on all benefited land in relationship to the debt outstanding.
Non-current Governmental Assets/Liabilities
GASB Statement 34 requires that non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as special assessment bonds, be reported in the governmental activities column in the government-wide statement of net position.
Assets, Liabilities and Net Position or Equity
Cash and Investments
Florida Statutes require state and local governmental units to deposit monies with financial  institutions  classified  as  "Qualified  Public  Depositories,11    a  multiple  financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

- 20 -

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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017 
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Liabilities and Net Position or Equity (Continued}
Cash a nd I nvestments (Continued}
The D istrict is authorized to invest in those financial instruments as established by Section 21 8.415, Florida Statutes. The authorized investments consist of:
Direct obligations of the United States Treasury;
The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperative Act of 1969;
l nterest�bearing time deposits or savings accounts in authorized qualified public depositories;
Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.
Cash equivalents include time deposits and certificates of deposit with original maturities of three months or less and held in a qualified public depository as defined by Florida Statute 280. 02.
Receivables and Payables
Activities between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as "due to/from other funds". Any residual balances outstanding between the governmental activities and business� type activities are reported as "internal balances".
Restricted Net Position
Certain assets of the District and a corresponding liability or portion of net position is classified as restricted on the statement of net position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.
Capital Assets
Capital assets, which include land and infrastructure, are reported in the applicable governmental activities column.
The District defines capital assets as assets with an initial, individual cost of $5,000 or more a nd an estimated useful life in excess of one year. The valuation basis for all assets is historical cost.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

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REV I SED DRAFT 

Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 201 7
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
4. Assets, Liabilities and Net Position or Equity (Continued)
Capital Assets (Continued)
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Depreciation of capital assets is computed and recorded by utilizing the straight-line method. Estimated useful lives of the various classes of depreciable capital assets are as follows:

I nfrastructure and improvements
Budgets

20 years

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant . to Chapter 1 90, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget variance columns of the accompanying financial statements may occur.
NOTE	B	-		RECONCILIATION	OF	GOVERNMENT-WIDE  AND	FUND	FINANCIAL STATEMENTS
1. Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position
"Total fund balances" of the District's governmental funds $(4,295,359) differs from "net position" of governmental activities $(1 0,043,659) reported in the statement of net position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below.
Capital related items
When capital assets (land, infrastructure and improvements that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However, the Statement of Net Position included those capital assets among the assets of the District as a whole.

I nfrastructure Accumulated depreciation
Total

$	3,567,906
(811,920)
$	2,755,986

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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017
NOTE	B   -		RECONCILIATION	OF  GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)

r

Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position (Continued)
Long-term debt transactions
Long�term liabilities applicable to the District's governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2017 were:

Bonds payable Accrued interest

$	(7 390,000}

Accrued liabilities in the Statement of Net Position differ from the amount reported in governmental funds due to accrued interest on bonds.
Accrued interest on bonds payable	$	l1,114,286}
Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities
The "net change in fund balances" for government funds $(788,013) differs from the "change in net position" for governmental activities $(964,31 0) reported in the statement of activities. The d ifferences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below.
Capital related items
When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances d ecrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year.
Depreciation expense	$	(101,490)

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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017
NOTE	B   -		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
2. Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities (Continued)
Long-term debt transactions
Repayments of bond principal are reported as an expenditure in the governmental funds and, thus, have the effect of reducing fund balance because current financial resources have been used.
Debt principal payments	$	125,000

Some expenses reported in the statement of activities do not require the use of current financial resources, therefore, are not reported as expenditures in governmental funds.

Interest on matured interest and bonds payable NOTE C - CASH AND INVESTMENTS

$	(199.807)

All deposits are held in qualified public depositories and are included on the accom panying balance sheet as cash and investments.
Custodial Credit Risk - Deposits
Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 201 7, the District's bank balance and carrying value was
$37,987. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017
NOTE C - CASH AND INVESTMENTS (CONTINUED)
Custodial Credit Risk - Deposits (Continued)
As of September 30, 201 7, the District had the following investments and maturities:	[

Investment FIMM Government Portfolio
* Weighted average maturity

Maturities	Fair Value 33 days*	$ 97,956

The District categorizes its fair value measurement within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.
Assets or liabilities are classified into one of three levels. Level 1 is the most realizable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtained quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that uses the best information available under the circumstances which includes the District's own data in measuring unobservable inputs.
The investment listed above is a level 1 asset. Interest Rate Risk
The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.
Credit Risk
The District's investments in government loans are limited by state statutory requirements and bond compliance. The District has no investment policy that would further limit its investment choices. As of September 30, 201 7, the District's investment in the FIMM Government Portfolio was rated AAAm by Standard & Poor's.

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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017 
NOTE C - CASH AND INVESTMENTS (CONTINUED)
Concentration of Credit Risk
The District places no limit on the amount it may invest in any one fund. The investment in the FIMM Government Portfolio is 100% of the District's total investments.
The types of deposits and investments and their level of risk exposure as of September 30, 2017 were typical of these items during the fiscal year then ended.  The District considers any decline in fair value for certain investments to be temporary.
NOTE D - SPECIAL ASSESSMENT REVENUES
Special assessment revenues recognized for the 201 6-2017 fiscal year were levied in October 2016. All taxes certified to the County's Tax Collector are due and payable on November 1, and certified to the County's Tax Collector. Per Section 1 97. 1 62, Florida Statutes discounts are allowed for early payment at the rate of 4% in November, 3% in December, 2% in January, and 1% in February. Taxes paid in March are without discount.
NOTE E - CAPITAL ASSETS
Capital Asset activity forthe year ended September 30, 201 7 was as follows:

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Governmental Activities:
Capital assets, being depreciated:

Balance October 1, 
201 6

Balance September, 30
Additions	Deletions	201 7

Infrastructure - stormwater management system Infrastructure - entrance featu res
Total Capital Assets Depreciated

Less accumulated depreciation for:
Infrastructure - stormwater management system Infrastructure - entrance features
Total Accumulated Depreciation

$ 3,272,906
295,000
3,567,906

(572, 761)
(1 37,669)
(710,430)

$	$

(81 ,823)
(1 9,667)
(101 ,490)

$	3,272,906
295,000
3,567, 906

(654,584)
(1 57,336)
(81 1,920)

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Governmental Activities Capital Assets

$2,857,476

$(1 01 ,490)   -=$!!:=--=:=   $

2.755,986

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Depreciation of $101 ,490 was charged to physical environment.	r:
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Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017 

NOTE F - LONG-TERM DEBT
The following is a summary of activity for long-term debt of the District for the year ended September 30, 201 7:

Long-term debt at October 1, 2016 
Principal payments moved to matured bonds payable Long-term debt at September 30, 2017 
$8, 1 65;000 Series 2008 Special Assessment Bonds due in annual principal installments beginning
May 201 0, m aturing in May 2039. Interest at a rate of 7.625% is due May and November beginning May 201 0.

$	7,515,000
(1 25,000)
$	7,390,000

$	7.390,000

The District has not paid a scheduled debt service payment on Series 2008 since fiscal year 201 1. As a result, the Series 2008 Bonds are in default. The past due payments are reflected as matured bonds payable, $700,000 and matured interest payable, $3,701 , 175 in the accompanying financial statements.
The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2017 are as follows:
Year Ending

201 9	145,000	553, 1 94	698, 194	
2020	1 55,000	542, 1 38	697,138	
2021	1 70,000	530,319 	700,31 9	
2022	1 85,000	517,356	702,356	
2023-2027	1,1 55,000	2, 353,456	3,508,456	
2028-2032	1 ,690,000	1 ,837,625	3,527,625	
2033-2037	2,470,000	1 ,084,275	3,554,275	
2038-2039	1 ,285,000	1 48,688	1 ,433,688	
Totals	$	7,390,000	$	811 30,539	$	1 5,520,539	

Seetember 30,		Princieal		Interest		Total 2018	$		135,000	$		563,488	$		698,488

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REV I SED DRAFT

Deer Run Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2017
NOTE F - LONG-TERM DEBT (CONTINUED)
Summary of Significant Bonds Resolution Terms and Covenants
The District levies special assessments pursuant to Section 1 90.022, Florida Statutes and the assessment rolls are approved by resolutions of the District Board. The collections are to be strictly accounted for and applied to the debt service of the bond series for which they were levied. The District covenants to levy special assessments in annual amounts adequate to provide for payment of principal and interest on the bonds. Payment of principal and interest is dependent on the money available in the debt service fund and the District's ability to collect special assessments levied.
The bonds are subject to extraordinary mandatory redemption prior to maturity, in whole on any date, or in part on an interest payment date, without premium, together with accrued interest to the redemption date if monies are available to retire the debt in accordance with the provisions of the indenture.
The bond resolution and the trust indenture provide for the establishment of certain accounts. The accounts include a construction, revenue, redemption, reserve, interest and prepayment account and are maintained by a trustee.
The bond indenture provides for Debt Service Reserve Funds, which shall be held by the Trustee separate and apart from all other funds. The following is a schedule of reserve requirements and balances in the reserve accounts at September 30, 2017: 

Series 2008

Reserve Balance
$	21,1 06

Reserve Requirement
$	688,916

The Reserve Balance was used to pay debt service in a prior fiscal year.
NOTE G - MANAGEMENT COMPANY
The District has contracted with a management company to perform services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.
NOTE H - RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance.

f

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I· I (

REV ISED DRAFT

Deer Run Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 201 7
NOTE I - TRI-PARTY AGREEMENT/SETTLEMENT AGREEMENT
In 2014, the District executed an agreement with the Trustee, a Special Purpose Entity (SPE) that was formed by the Trustee, and the majority property owner to take title to the land subject to foreclosure by the District, and to settle outstanding claims. In exchange for payment of all outstanding accounts payable, the District agreed to release a portion of the lien for existing operation and maintenance assessments levied on a portion of the property. As a result of the agreements, the District was able to pay all outstanding accounts payable. The Trustee, at the direction of the bondholders, also instructed the District to forebear collection of debt service assessments until such time as the SPE sells the property. As a result, the District was unable to make the November 2014, May 2015, November 201 5, May 201 6, November 2016 and May 2017 scheduled debt service payments on the Series 2008 Bonds. The Trustee has directed the District to hold debt service assessments in abeyance until the land is sold.
NOTE J - DEVELOPER AGREEMENT
During the year a new developer purchased certain land within the District.
Pursuant to a funding agreement dated May 25, 201 7, the Developer has agreed to make available to the district such monies necessary to proceed with the issuance of bonds or other indebtedness to fund Improvements, facilities and services. In connection with this agreement the Developer paid $72,000 in direct assessments.
NOTE K - SUBSEQUENT EVENTS
Subsequent to year end, on October 1, 201 7, the District entered into a deficit funding agreement with the Developer; whereby, the Developer has agreed to fund any deficit of the operating and maintenance expenditures of the District in excess of special assessments received for the fiscal year ended September 30, 2018, without any reimbursement to the Developer.
The District is currently negotiating the issuance of Series 2018 Special Assessment Revenue and Refunding Bonds to refund the Series 2008 Special Assessment Revenue Bonds and provide funds for the Series 2018 project.

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,..,   ••,.-•                  ••• •..••�-..,,.,�--••,o--r_,..

REV I SED DRAFT

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS

To the Board of Supervisors
Deer Run Community Development District Flagler County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Deer Run Community Development District, as of and for the year ended September 30, 201 7, and the related notes to the financial statements, and have issued our report thereon dated April XX, 201 8.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered Deer Run Community Development District's internal control over financial reporting to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Deer Run Community Development District's internal control. Accordingly, we do not express an opinion on the effectiveness of Deer Run Community Development District's internal control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

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/I,,�.

REVI SED DRAFT

Board of Supervisors
Deer Run Community Development District

Compliance and Other Matters
As part of obtaining reasonable assurance about whether Deer Run Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. Certain findings are addressed in the accompanying Management Letter.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants
Fort Pierce, Florida April XX, 2018 

- 31 -

REVI SED DRAFT

MANAGEMENT LETTER
To the Board of Supervisors

Deer Run Community Development District St. Johns County, Florida
Report on the Financial Statements

xx,

We have audited the financial statements ofthe Deer Run Community Development District as of and for the year ended September 30, 2017, and have issued our report thereon dated April
201 8.
Auditor's Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 1 0.550, Rules of the Florida Auditor General.
Other Reports and Schedule
We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on _Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor's Report on an examination conducted in accordance with AICPA Professionals Standards, AT-C Section 315 regarding compliance requirements in accordance with Chapter 1 0.550, Rules of the Auditor General. Disclosures in that report, which is dated April XX, 201 8, should be considered in conjunction with this Management Letter.
Prior Audit Findings
Section 1 0.554(1 )(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been made to address findings and recommendations made in the preceding financial audit report. The following findings or recommendations were made in the preceding financial audit report:
Finding 201 3-01 /2014-01/201 5-01/201 6-01 /201 7-01 Reserve Requirement
Finding:	The Debt Service reserve requirement for the Series 2008 Bonds was not met at September 30, 201 7.
Recommendation:	The District should make the necessary arrangements to ensure funds are available to make debt se,vice payments.

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REV I SED DRAFT

To the Board of Supervisors
Deer Run Community Development District
Management Response: The District is working directly with the Trustee and Bondholders to resolve all financial issues related to the non-payment of assessments which resulted in a foreclosure lawsuit, settlement agreement, insufficient funds to meet debt service requirements, fund balance deficits and failure to meet Debt Service Reserve Fund requirements.
Current Status: This finding has not been corrected as of September 30, 201 7. Finding 201 3-02/201 4-02/201 5-02/201 6-02/201 7-02 Financial Condition Assessment

Finding:

Recommendation:

The District's financial condition continues to deteriorate. As of September 30, 201 7, the District reported a fund balance deficit for which sufficient resources were not available to cover the deficit in the Debt Service Fund. The District has not had sufficient funds to make a scheduled debt service payment since November 2011 and the Series 2008 Bonds remain in default. Also, the 2008 Construction Project was halted and the future of the project remains uncertain.
The District should continue taking the necessary steps to improve the deteriorating financial condition.

Management Response: The District is working directly with the Trustee and Bondholders to resolve all financial issues related to the non-payment of assessments which resulted in a foreclosure lawsuit, settlement agreement, insufficient funds to meet debt service requirements, fund balance deficits and failure to meet Debt Service Reserve Fund requirements.
Current Status: This finding has not been corrected as of September 30, 201 7. The District had a net deficit fund balance in the Debt Service Fund of ($4,303,266) at September 30, 2017.
Financial Condition
Section 1 0.554(1 )(i)5.a. and 10. 556(7), Rules of the Auditor General, requires us to apply appropriate procedures_ and communicate the results of our determination as to whether or not Deer Run Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that the Deer Run Community Development District did not meet one of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1 )(i)5.c. and 1 0.556(8), Rules of the Auditor General, we applied financial conditions assessment procedures as of September 30, 2017 for the Deer Run Community Development District. It is management's responsibility to monitor the Deer Run Community Development District's financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same.
Section 1 0.554(1 )(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

To the Board of Supervisors
Deer Run Community Development District

Annual Financial Report

REV ISED DRAFT

If:
f

Section 1 0.554(1 )(i)5.b. and 10.556(7), Rules of the Auditor General, requires that we apply appropriate procedures and communicate the results of our determination as to whether the annual financial report for the Deer Run Community Development District for the fiscal year ended September 30, 2017, filed with the Florida Department of Financial Services pursuant to Section 21 8.32(1 )(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2017. In connection with our audit, we determined that these two reports were in agreement.
Additional Matters
Section 1 0.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.
Purpose of this Letter
Our Management Letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida
April XX, 2018 

- 34 -

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REV I SED DRAFT

INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Deer Run Community Development District Flagler County, Florida

We have examined Deer Run Community Development District's compliance with Section 21 8.41 5, Florida Statutes during the year ended September 30, 201 7. Management is responsible for Deer Run Community Development District's compliance with those requirements. Our responsibility is to express an opinion on Deer Run Community Development District's compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Deer Run Community Development District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Deer Run Community Development District's compliance with the specified requirements.
In our opinion, Deer Run Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2017.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL

r

Fort Pierce, Florida
April XX, 2018	I

- 35 -

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��tl Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants	P�
600 Citrus Avenue
Su ite 200
Fort Pierce,  Florida 34950
772/461 -61 20 // 461 -1 155
FAX: 772/468-9278

March 26, 2018 

To the Board of Supervisors
Deer Run Community Development District Flagler County, Florida

This letter is intended to com municate certain m atters related to the planned scope and timing of our audit of Deer Run Community Development District's (the "District") financial statements as of and for the year ending September 30, 201 7.
Communication
Effective two-way comm unication between our firm and the Board of Supervisors is important to understanding m atters related to the audit and developing a constructive working relationship.
Your insights may assist us in understanding the District and its environment, identifying appropriate sources of audit evidence and providing information about specific transactions or events. We will discuss with you your oversight of the effectiveness of internal control and any areas where you request additional procedures to be undertaken. We expect that you will communicate to us any matters you consider relevant to the audit in a timely manner. Such m atters might include strategic decisions that may significantly affect the nature, timing and extent of audit procedu res, your suspicion or detection of fraud, or any concerns you may have about the integrity or competence of senior management.

We will communicate to you, in timely manner, any fraud involving senior management and other fraud that causes a m aterial misstatement of the financial statements, instances of noncompliance with laws and regulations that come to our attention (unless they are clearly inconsequential), and disagreements with management and other serious difficulties encountered in performing the audit. We also will communicate to you and to management any significant deficiencies or m aterial weaknesses in internal control that become known to us during the course of the audit. Other matters arising from the audit that are, in our professional judgment, significant and relevant to you in your oversight of the financial reporting process will be communicated to you in writing after the audit.

Member AICPA

Fort Pierce / Stuart

Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

�l Berger, Toombs, Elam,
...o,, Gaines & Frank

Board of Supervisors
Deer Run Community Development District March 26, 201 8
Page 2

Independence
Our independence policies and procedures are designed to provide reasonable assurance that our firm and its personnel comply with applicable professional i ndependence standards. Our policies address financial interests, business and family relationships, and non-audit services that may be thought to bear on independence. .A.!so, if an immediate family member or close relative of a partner or professional employee is employed by a client in a key position, the incident must be reported and resolved in accordance with firm policy. In addition, our policies restrict certain non-audit services that may be provided by Berger, Toombs, Elam, Gaines, and Frank and require audit clients to a ccept certain responsibilities in connection with the provision of permitted non-attest services.
The Audit Planning Process
Our audit approach places a strong emphasis on obtaining an understanding of how your organization functions. This enables us to identify key aud it components and tailor our procedures to the unique aspects of your operations. The d evelopment of a specific audit plan will begin by meeting with you and with management to obtain an understanding of your organization's objectives, strategies, risks and performance.

As part of obtaining an understanding of your organization and its environment, we will obtain an understanding of internal control. We will use this understanding to identify risks of material misstatement, which will provide us with a basis for designing and implementing responses to the assessed risks of material misstatement. We will also obtain an understanding of the users of the financial statements in order to establish an overall m ateriality level for audit purposes. We will conduct formal discussions among engagement team members to consider how and where your financial statements might be susceptible to m aterial misstatement due to fraud or error.
The Concept of Materiality in Planning and Executing the Audit
We apply the concept of m ateriality in both planning and performing the audit; evaluating the effect of identified misstatements on the audit and the effect of uncorrected misstatements, if any, on the financial statements; and forming the opinion in our report on the financial statements, and d etermining or reporting in accordance with Government Auditing Standards and other compliance reporting requirements. Our determination of materiality is a matter of professional judgment and is affected by our perception of the financial information needs of users of the financial statements. We establish performance materiality at an amount less than materiality for the financial statements as a whole to allow for the risk of misstatements that may not be detected by the audit. We use performance materiality for purposes of assessing the risks of material misstatement and determining the n ature, timing and extent of further audit procedures.

r<:8lo,,  GBearignes, &ToFormanbks, Elam,

Board of Supervisors
Deer Run Community Development District March 26, 2018 
Page 3

The Concept of Materiality in Planning and Executing the Audit (Continued)
Our assessment of materiality throughout the audit will be based on both quantitative and qualitative considerations. Because of the interaction of quantitative and qualitative considerations, misstatements of a relatively small amount could have a material effect on the current financial statements as well as financial statements of future periods. We will accumulate misstatements identified during the audit, other than those that are clearly trivial. At the end of the audit, we will inform you of all individual uncorrected misstatements aggregated by us in connection with our evaluation of our audit test results.
Our Approach to Internal Control Relevant to the Audit
Our audit of the financial statements will include obtaining an understanding of internal control sufficient to plan the audit and determine the nature, timing and extent of audit procedures to be performed. An audit is not designed to provide assurance on internal control or identify significant deficiencies or material weaknesses. Our review and understanding of the District's internal control is not undertaken for the purpose of expressing an opinion on the effectiveness of internal control.
We will issue a report on internal control related to the financial statements. This report describes the scope of testing of internal control and the results of our tests of internal control. Our report on internal control will include any significant deficiencies and material weaknesses in internal controls of which we become aware of as a result of our understanding and testing of internal controls consistent with the requirements of Government Auditing Standards issued by the Comptroller General of the United States.
Timing ofthe Audit
We have scheduled preliminary audit field work for March 201 8. Management's adherence to its closing schedule and timely completion of information used by us in performance of the audit is essential to timely completion of the audit.
Closing
We will be pleased to respond to any questions you have about the foregoing. We appreciate the opportunity to continue to be of service to the District.

�...a,,ftl GBearignes, &ToFormanbks,  Elam,

Board of Supervisors
Deer Run Community Development District March 26, 201 8
Page 4

This communication is intended solely for the information and use of the Board of Supervisors and is not intended to be, and should not be, used by anyone other than this specified party.

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31k4tfi, Jam/ool �
BERGER, TOOMBS, ELAM , GAINES & FRANK
J.W. GAINES, CPA

SECTION V

RESOLUTION 2018-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DEER RUN COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2018/2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ("Board") of the Deer Run Community Development District ("District") prior to June 15, 2018, a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ("Fiscal Year 2018/2019"); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT  RESOLVED BY THE BOARD OF SUPERVISORS OF THE DEER RUN COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2018/20 19 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August 23, 2018
3:00 p.m.
Government Services Building 1769 E. Moody Blvd.
Bunnell, FL 321 10

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Flagler County and the City of Bunnell at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions ofthis Resolution shall not affect the validity or enforceability ofthe remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect  immediately upon adoption.

PASSED AND ADOPTED THIS 24th DAY OF MAY, 2018.

ATTEST:

Secretary

DEER RUN COMMUNITY DEVELOPMENT DISTRICT

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Its:----------	---

• • •

C•e •.. . .v   . •.•'
Deer Run
Community Development District

Proposed Budget
FY 2019 

Table of Contents

1-2	General Fund

3-7	General Fund Narrative

Debt Service Fund - Series 2008

Debt Assessments Chart

Settlement Monitoring Fund

DEER RUN
COMMUNITY DEVELOPMENT DISTRICT
General Fund Budget

ADOPTED	ACTUAL
FY2018	THRU
DESCRIPTION	BUDGET	4/30/18

$182,971	$160,309	$22,003	$182,312	$270,600	
$0	$0	$24,322	$24,322	$0	
$4,800		$1,675	$4,130	$4,800	
$1,791	$7,801	$0	$7,801	$0	
$189,562	$170, 566	$48,000	$218,566		

Revenues

$2,455

Assessments Deficit Funding
Golf Course Lake Maintenance Contribution carry Forward Surplus
TOTAL REVENUES

PROJECTED	TOTAL NEXT S	AS OF
MONTH	9/30/18

PROPOSED FY2019 BUDGET

Expenditures
Administrative
Supervisor Fees	$4,000	$1,000
FICA Expense	$306	$61
Engineering	$3,550	$225

$4,426

Dissemination	$2,500	$2,500
Attorney	$20,000
Annual Audit	$3,270	$0
TNstee Fees	$3,500	$0
Arbitrage	$600	$0

$17,500

Assessment Roll Services	$2,500	$2,500
Management Fees	$30,000
Information Technology	$1,000	$583
Telephone	$100	$29

$7,401

Postage	$600	$117
Insurance	$8, 141
Printing & Binding	$800	$265
Travel Per Diem	$500	$188
Legal Advertising	$500	$0
Other Current Charges	$800	$252
Office Supplies	$150

-

Dues, Licenses & Subscriptions	$175	$175

$37,236

TOTAL ADMINISTRATIVE	$82,992

Maintenance

$8,750
$14,432

Reid Management	$15,000
Electric	$23,000

$40,185
$5,119
$10,370

Water & Sewer	$5,200
Landscape Maintenance	$37,800
Landscape Contingency	$6,000
Lake Maintenance	$17,000
Water Feature Maintenance	$0	$6,869
Irrigation Repairs	$2,000
Contingency	$570	$1,708

($40,910)

$40,910

TOTAL MAINTENANCE	$106,570	$92�20

$4,000
$184	$245
$0	$225
$0	$2,500

$3,270
$3,500

$3,270
$3,500

$6,000	$10,426

$600	$600
$0	$2,500
$12,500	$30,000
$417	$1,000
$30	$59

$7,401

$60	$177
$0
$180	$445
$376	$564
$500	$500
$200	$452
$30
$0	$175

$30,846

$68,082

$6,250	$15,000

$3,300
$28,704

$9,000	$23,432
$7,447
$68,889
$880	$5,999

$2,530

$6,400	$16,770
$9,399
$1,000
$0	$1,708

$58,064

$1501483

$306
$3,550
$2,500

$3,270
$3,500

$20,000

$600
$2,500
$30,000
$1,000
$100
$600
$8,200
$800
$600
$500
$800
$100
$175

$83,101

$24,000
$7,800
$100,000
$6,000
$17,000
$12,500
$10,000
$0

$19�299

TOTAL EXPENSES	$1-89,-562	$1-29,-65-6--·$88,910	$218,566

$275,400

EXCESS REVENUES/(EXPENDITURES}	$0

($0)

Net Assessments
Add: DiscouGrossnts &AssessmentsCollections

$0

$270,600

!2861836

:£16,236

oak Branch

No. of Units

I

129

Deer Run Community Development District
Operations & Maintenance Assessments

ERU Per Unit	Total ERUs	% of ERU 1.00		129.00		20.81%

FY2019	FY2018
Per Unit Gross	Per Unit Gross Total Assessments  Assessments	Assessments
$59,687.40	$462.69	$312.86

Deer Run

60'	49
50'	297
Townhome	274
Commercial	5,000
GolfCourse	3,382

0.80	39.20	6.32%
0.67	198.00	31.94%

o.oo

127.87	20.63%

o.oo

2.50	0.40%
1.69	0.27%

$18,137.57	$370.15	$250.29
$91,613.21	$308.46	$208.57
$59,164.70	$215.93	$146.00
$1,156.73	$0.23	$0.16
$782.41	$0.23	$0.16

Town home	250
Commercial	10,000

1 16.67	18.82%
0.00	5.00	0.81%
619.93	100.00%

$53,980.85	$215.92	$146.00
!2,313.46	$0.23	$0.16
2861836.34

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

2

Deer Run
Community Development District
GENERAL FUND BUDGET
REVENUES:
Assessments

The District will levy a non-ad valorem special assessment on taxable property within the District to fund all general operating and maintenance expenditures for the Fiscal Year. It will also enter into a Deficit Funding Agreement with landowner to fund the District's general operating and maintenance expenses throughout the fiscal year.
Deficit Funding

The district has entered into a Deficit Funding Agreement with landowner to fund the District's general operating and maintenance expenses throughout the fiscal year.
Golf Course Lake Maintenance Contribution

The District's Lake Maintenance expense will be partially funded by contributions from the Golf Course.

EXPENDITURES:
Administrative:
Supervisor Fees

The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and board meetings. The amount is based upon 5 Supervisors attending 4 meetings during the fiscal year.
FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisor checks.
Engineering

The District's engineer, Dewberry Engineers, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.
Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Lerner Reporting Services.

3

Deer Run
Community Development District
GENERAL FUND BUDGET

Attorney

The District's legal counsel, Hopping, Green & Sams, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is contracted with Berger, Toombs, Elam Gaines & Frank to provide this service.
Trustee Fees

The District's Series 2008 capital Improvement Revenue Bonds are held with a Trustee at Regions Bank.
Arbitrage

The District will contract with an independent certified public accountant, to annually calculate the District's Arbitrage Rebate Liability once the Bonds are issued. The District has contracted with AMTEC Corporation to provide this service.
Assessment Roll Services

Represents cost associated with certifying, invoicing and collections of annual operations and maintenance and debt service assessments.
Management Fees

The District has contracted with Governmental Management Services - Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financials reporting, annual audits, etc.
Information Technology

The District incurs costs related to the District's accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.
Telephone

Telephone and fax machine.
Postage

Mailing of agenda packages, overnight deliveries, checks for vendors, and any other required correspondence, etc.

4

Deer Run
Community Development District
GENERAL FUND BUDGET

Insurance

Represents the District's general liability, public officials liability and property insurance coverage, which is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.
Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.
Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the fiscal year.
Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.
Dues,   licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for
$175. This is the only expense under this category for the District.

5

Deer Run
Community Development District
GENERAL FUND BUDGET

Maintenance:
Field Management

The District is contracted with Governmental Management Services, Central Florida - LLC to provide onsite field management of contracts for District Services such as landscape maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

The District incurs cost for electric and street lighting. The District has the following accounts with Florida, Power & Light.

Description
Premium Lighting
Grand Reserve Dr # Entrance 100 Grand Reserve Pkwy # Entrance 410 Grand Reserve Dr # B Decorative Lighting # Oak Branch Contingency
TOTAL
Water & Sewer

Monthly
$902
$65
$150
$200
$650

Annually
$10,824
$776
$1,800
$2,400
$7,800
$400
$24,000

The District incurs cost for water. The District has the following accounts with the City of Bunnell.

Description	Monthly	Annually

Grand Reserve Pkwy

$650  	  $_7,_8_00---l

TOTAL
Landscape Maintenance

$7,800

The District will incur landscape maintenance expenses, which include mowing, edging, string-trimming, annual flower replacements, shrub and palm pruning, weeding, fertilization, pine straw, pest control and irrigation inspections during the fiscal year. Yellowstone Landscape is contracted to provide these services.

Descriotion   Landscape Maintenance Addendum
Contingency
TOTAL

Monthly
$5,741
$2,481

Annuallv
$68,889
$29,772
$1,339
$100,000

6

Deer Run
Community Development District
GENERAL FUND BUDGET

Landscape Contingency

To record the cost of landscape enhancements as well as any miscellaneous landscape items currently not budgeted or covered in landscape contract.
Lake Maintenance

The monthly aquatic management service of 24 waterways for the District is provided by Applied Aquatic Management. Services include monthly inspections and treatment for the continued control of torpedo grass, cattails, spike rush and algae.

Description
Aquatic Treatments - Entrance	Monthly
$110	Annually
$1,320	
Aquatic Treatments - 17 Ponds	$835	$10,020	
Golf Course Cost Share	$335	$4,020	
Contingency		$1,640	
TOTAL		$17,000	
Water Feature Repair and Maintenance			
The monthly inspections and repair and maintenance of Hwy 100 and USl Fountains and is contracted with Yellowstone Landscape.

Descriotion	Monthly	Annually	
Fountain Cleaning	$506	$6,072	
Repair and Maintenance	$500	$6,000	
Contingency		$428	
TOTAL
Irrigation Repairs		$12,500	
To record the cost of repairs to the irrigation system and preventative maintenance on the irrigation pump station.

Descriotion	Monthly	Annuallv	
Pump Station Qtrly Service	$867	$3,467	
Irrigation Repairs/Maintenance	$500	$6,000	
Contingency		$533	
TOTAL		$10,000	

7

DEER RUN
COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund Budget

ADOPTED	PROPOSED FY2018		FY2019
DESCRIPTION	BUDGET	BUDGET

Revenues

Debt Assessments	$695,303	$695,303 Other Revenue Sources		$3,185		$2,891
TOTAL REVENUES	$698,488	$698,194

Expenditures

Interest - 11/1	$281,744	$276,597
Principal - 5/1	$135,000	$145,000
Interest - 5/1	$281,744	$276,597
TOTAL EXPENDITURES	$698,488	$698,194 EXCESS REVENUES		$0		$0

8

Deer Run Community Development District
Debt Service Assessments

49

Product T:y�e Oak Branch	

Units	Annual 2019 Per Unit Assessments	Annual 2019 Net  Assessments	
75'
60'		$1,057
$846	$136,338
$41,430	
SO'	297	$705	$209,263	
Townhome	274	$493	$135,141	
Commercial	5000	$0.50	$2,490	
Golf Course	1	$1,258	$1,258	

Deer Run

$4,979

Multi Family	250	$658	$164,405
Commercial	10000	$0.50
Total	$695,303

9

DEER RUN
COM MUNITY DEVELOPMENT DISTRICT
Settlement Monitoring Fund Budget

TOTAL EXPENDITURES	!0	$5,050

!5,800	$0-

DESCRIPTION	ADOPTED FY2018 BUDGET	ACTUAL THRU 4/30/18	PROJECTED NEXT 5 MONTH	TOTAL AS OF 9/30/18	PROPOSED FY2019 BUDGET	
Revenues
Carry Forward Surplus	
$23,800	
$23,800	
$0	
$23,800	
$18,000	
TOTAL REVENUES	$23,800	$23,800		$23,800	$18,000	
Expenditures
Permit Monitoring	
$0	
$5,050	
$750	
$5,800	
$0	

EXCESS REVENUESHEXPENDITURES}	!2-3,8_0_0_...,$_,1_8.....,.,7_50____(!-75-=0}-----!1--8 ,00-0-=-!1-8,-000

10 

SECTION VI 

SECTION A

P.O. Box 1469 Eagle Lake, FL 33839
1-800-408-8882

Submitted to:

AQUATIC PLANT MANAGEMENT
AGREEMENT
Date;	May 8, 2018 

Grand Reserve at Deer Run COD
Name	c/o GMS

Address City Phone

135 West Central Blvd., Suite 320 Orlando, FL 32801
407-398-2890

This Agreement is between Applied Aquatic Management. Inc. hereafter called flAAM" and Signee hereaftercalled "Customer'',
The parties hereto agree as follows
A.	AAM agrees to provide aquatic management services for a period of	NA
in accordance with the terms and conditions of this Agreement in the following sites:
Ponds @ Deer Run COD Bunnell, Fl
(See Attached Sheet)
The AAM management program wminclude the control of the following categories of vegetation for the specified sum:
Hand Remove Nuisance & ·Exotic Vegetation	Included

Service Shall Consist of a One {1} Time Hand Removal of Nuisance Exotic Vegetation. 

C.	Customer agrees to pay MM the following amounts during the term of this Agreement

Total Cost

----$-56-,89-0.0-0

---

Due	ue2ri i9voicing*	as billed	X 1

•overdue accounts may accrue a service charge of 1 112'¼ per month

0.	AAM agrees to commence treatment within	7	days, weather permitting, from the date of execution or receipt of the proper permits.
The Agreement shall have no force & is withdrawn unless executed and retumed by Customer to AAM on or before June B, 2018
Customer acknowledges that he has read and is familiar with the additional terms and conditions printed on the reverse sidewhich are incorporated in this agreement

Submittedt'l:  ��
;(J/f. ·

/#AIJ.. 

)-�·- I PharisV,  P

Date:	5/8/2018	Accepted	Date.

AAM	.	.

Customer

Deer Run Ponds
Ponds	Price	
Pond 1	$9,985 .00	
Pond 1A 	$895.00	
Pond 2A	$9,900. 00	
Pond 3	$1 7,975.00	
Pond 38	$3,850.00	
Pond 4	$2,600.00	
Pond 4C	$1 ,200.00	
Pond 5A	$7,785.00	
Pond 8	$2,700.00	

Total	$56,890.00

Terms and Conditions
The AAM Aquatic Plant Management Program will be conducted in a manner consistent with good water management practice using only chemicals which have a wide margin of safety for fish, waterfowl and human life and in confonnance with applicable State and Federal Laws, regulations and rules. AAM agrees to indemnify Customer for any violation of such laws, rules or regulations.
Federal & State regulations require thatvarious time-use restrictions be observed during & following treatment AAM agrees to notify Customer of such restrictions verbally &/or by posting the restrictions at several readily visible locations on the perimeter ofeach body of water at the time of treatment It shall be the Customer's responsibility
to observe the restrictions throughout the required period. Customer understands & agrees that notwithstanding any other provisions ofthis Agreement, AAM does not assume any liability by any party to be notified, or to observe,
the regulations.
The AAM Aquatic Plant Management Program is devised so that water areas are brought into a maintenance configuration as rapidly after their start, consistent with·responsible management practices.  Some fonns of vegetation (particularly grasses & cattail) have visible residues after chemical treatment Customer is responsible forremoving such residues.
In addition to the amounts noted on the face of this Agreement, Customer shall also pay fees, taxes (including sales taxes) or charges thatmight be imposed by any government bodywith respect to the services offered herein.
This Agreement shall have as its effective datethe first day of the month in which services are first rendered to Customer and shall terminate upon the last day of a month.
AAM is licensed & insured. Certificates of Insurance will be provided upon Customers request
lf at any time during the term ofthis Agreement, Customer does not feel AAM is performing in a satisfactory manner Customer shall promptly notify AAM who shall investigate the cause of Customer's lack of satisfaction & attempt to cure same. If nonsatisfactory perfonnance continues, this Agreement may be voided by either party giving thirty days written notice & payment of all monies owing to the effective date of termination, which shall be the last day of the month.
Neither party shall be responsible in damages, penalties or otherwise for any failure or delay in the performance of any of its obligation� hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders & regulations, curtailment or failure to obtain sufficient material, or other forces (whether or not of the same class or kind as those set forth above) beyond its reasonable control & which, by the exercise of due diligence, it is unable to overcome.
AAM agrees to hold Customer harmless from any loss, damage or claims arising out of the sole negligence of AAM however, AAM shall in no event be liable to Customer or others, for indirect. special or consequential damages resulting from any cause whatsoever.
This Agreement shall be govemed by and construed in accordance with the laws of the State of Florida
11 . In the event a legal action is necessary to enforce any of the provisions of this Agreement, the prevailing party is entitled to recover legal costs & reasonable attorney fees.
12. This Agreement constitutes the entire Agreement of the parties hereto & no oral or written alterations or modifications oftheterms contained herein shall be valid unless made in writing & accepted by an authorized representative of AAM & Customer.
This Agreement may not be assigned by Customer without the prior written consent of AAM.

SECTION 8

-

-

◄ -�

�� �

338866..443377,.6"21141:-l thf'li,_
3P2O35!foNxoi3rt4h9Stdt� 5lrnet

YELLOWS.	TONE

PROPOSAL

wBuwmw1e.yJl1?,llFoLw3,:;2to1 n1 ,:-0lands1'.ap1·.com

Oat�:	l\,t11y 14, .2018
P,·otmsJ1l Sttbttiitfcd '.ft>:	Alan Slu:e1·er	Proj· ect; (;J'.A••!J R,e$e1,y�

Gm•e1•nmc1itul 1\:flluagc111cut Se1-vli:es 135 W, Centi,al mvtJ:,suite J20 Orlando, FL...32801

We liereJ1y sublitit a proposal for:

lrt:igafit1n �ump # l Rl!Sfornfoui

ot

Scomief.Work:

The remQWtl ofmotutand turbine pump in <irder to restore and the reinstallatioh
U11it l'rice

unit

Reft'.esh Puinp EndRefi•esh Motin·

RCe11$mnoeve Motor � T11tblne Pu11tp

R("\e,rt1o11te1ple Turbine & �1019r

Ullcouple Mtittll' an() Pun1p lJMd T1·anspm1llnlt T!l Shqp Fo_r $er-vice Tr)l11$jio1't Bll\:k Tli Site
PRuum11 p&#. TlesRteFsttio1·1-'Pnlt'!oOpne1· Ope1·Rtlo11

$1 �972.00
Peo11osaiTotal

Sl-�;972.00

unit

/VQte:  P�l«l1!_Cl11//e� i!II ilss.ociated. cos/S Pfpl'(}CUflll(ilf f111d lilsta/ltiflOil ofmn.ter/nls.
:Payme11t di!� 30 days rifler receipro/pn;• liJJpl/cqtio!t;

Sl6,972,00

cf

All 111at1Jrfa/f, g11arameed to be Q.t �pee/fled, A!Jwork to.be cw1,plete;(f lnawp1·l1111on4ike 1nn11oer acCf?rdl11g to su111df-itdpr9�fces.  Any O'/ie,,at/011 or d�Fiotlim fi:0111,tlw abow specijkalirJl/ # im•oMilg exirqcost 1i,flll,j! e.rc,,ued c,11{!• 11po11 wr/11�11 01-dei-,,, m1dwill bew11e-a11 e111n.1.c/UJr.ge Ol>e/' d/llftiflal"! 11;,?:estfmates.

_ _t_ou__

Au)'�erhill iwthorfiat1011s glve11 6y 1he �11sti)i1ie1·will be trtated1/re.1aim!.as a 1m11e11 0l'de1• ei'titi- lf01ithbl'iiiitid1l-� ,rot wr/11e11;  Yellowsio11e.u111dsC(l_pe; U.C ii•df'/limr areftt/(1• covi,;iicl by i1•otk111aii's 1:o_11ipe11,;at/011 iiisura11ce. Tlie airac/ied Term.<imdComl/1io11s     Sule orepart-oftliispitrpp1Q/c

53

""s,..oo-__ t""t "-"B-J1n__c-s,"'s-e11io

""""-A,..

-il  1,...M,... a·n---ge_r___- A:uflJorir.1;tJ Signa_tur11�l>-r-�ti

__	_

nu�_above 1>rices, sp<:cificnlions a1ui conditions m'1 .sallsfoetory find areherebf a<:CtJPte<t

i1

ACCEPTANL_'E.OFPROPOSAL
You are authori:ted t!l proceed with th!l work spcqified; Pa}'.m�ill will be made as oµtline� ,itiove, Date of.Acceptance:	Signature:

386.437.6211 tel
386-437.51'13 fax

323S- North State 5tl'eet PO Bo.x 849
aunnell, H �2·1 lO
www.ye•llowstoneland!>rape.,·om

Date:	May 14, 2111/l

PROPOSAL

Prciposnl Subniltte.d To:	Alan Shcere1·	l>ujeen Grand Rf  eserve

Govni1ment11I J\taMgen1e11t Sel'vices 135 W. Cepfral Blvd,, $ulte ;J:20 O11andci; FL. 32801

lrl'igatiin Pu111p #2Restotation

We heieby s1ib111it :qlt'O!lllsiil fo1•:	The removal 9f 1noro_r mid turbilie pump in 01xle1 to t"!!Slore and the foinstallati<m c,,furiit.

Scoue ofWork:

..

Un�ouple l\iotor and Pump Head

..

Crane	_ _ 

*

"

Remove Motor & Turlilne Purn11 Tl'lli1$port UnitTo Shor, llor Servfoe Refresh Puntfi E11il
Refre$li Motor
Transpllrt IJack Ti> Site

"

•

Crane
Reco11pleT1mbl11e & Molt>r Run.& Test Fol'Proper Oper11titm
P�mp 112 RestQraJlim	uni!

V111t Price

$16.972.00
Pi'oposal Tut.Iii

$16,912.00
.$16;972.00

Note:  Price "!�ll1desi11l irss.odatedcosts ofprocumte,11 amli11slitllatlo,1 ofmaterlnls.
-Pr,ynwil di,e.30 daj,g ,",ftiir i'e�eipt ofpay appllcnt/011:

·��--

All 1/tt1/ertal isg1iam1t1ee<f /<J be_(ls specij�(f. ;111 iVqrk lo be cr,,11p/¢(1!d fn a wq,:t,1w14/ke1m;1111erpi:C1JN.ihlg /o.�ia11dardprar;tlCM. A11>•rtllemtio11 or del>i<1tlo_11 Ji'om tht. al#)ve .tpecijic4t/l»is 1111•0'1•/ilg-e.'rtiiuost 1Nil be e:wt111e.d 011Jy 11pa11 wriiiim. oiden, fliidwtl/ be®1l�im·e.t1J-q chai-ge·ove1·-a1k{d.bl:!vi! the11S/i1i1111ei.   A1�i• verbal 011iltoi'izilliotisg_it'tnb)•the tilSlomer will be li'tii:lted the aa111e ,,s o 1Wifi�1/ordereve1i if<i1ilhotfzalit11i i,, mil wtf((i/1i. Yellow.,1iJ#e LtJ1tdicope; LLC. workers o�efi1l�v covere(fbywofk111an'3 Ctlmpe11sa1;011 ./J1S11rq11ce, i111:-al(ached Tenps.111/d(,'on_dlilrms 1.1.f&te,	· of1i,1sproposat
Antl10.rized Signatures

Scott Barnes, Senior Account Manager

ACCEPTAJYCB OFPROPOSAL
The above prices, specifications and ·conditions �-re satisfactory and are hereby accepted.
You are !Jt!lborized to proceed with the work spet-:ifie<I.  l\1y111ent will" be m;ide as outlfned·iibove.

Date ofAccept1mce:	Signatute;

... --}

◄,�

���
YELLOWS 	TON.	E

3'86.4'.37.6211  tel
JM.437.5143 fa'(
3235 North. State Street
PO Boy 849
Bwmell, FL 321 10 www.y!;)!iow�tonnlonrlscape,con1

DHte:	May 14, 2018

PROPOSAL

Pl'i>Jibs11I S11bmltted Ti>:	Al11n$hecrer	.ProJetii Ct11nd Reserve

w,

Gnvei•11111entlll Mimagement Ser,•kes
135	Ce,1h'1ll .Blvd., Sulij 320 Oflando, i<'l,. 3�0-1

P111111i:Statfon CQntrol Serv.ice Md Repair

We liireby submit a 1•roposal fo1•:	The service and repair to to pump station flow und Rtni /:Stop $ysreirt to ertsute proper operatforj of irrig,aiion system.

Sc'ope-ofJVor{f:
F!l)'lv and l'otal Mrter Re11d Out 3000 Sei-ies
T1·ansducer 4-lOMA
Clear lllblrig
�nuunl G1111ge PSI " 220 f'low Meter
Co.ntrol Repairs	Occurance

U11it Prlce

$5,266.00
Proposal Totnl

$5;266.00
SS,166.00

Note; . .Price h1cli1ilesall its�0<.>fated costs ofproi:i1rme11t tii11f.insu,11flrlo11 of11111terlals.
Pnymmt.dildO ditj$ aftet rtcefpt ofpny 11pJilict1flim.
,ll/·111Qftt1·i'!ilrg11w'Q11iefji (O'/,e Oft SJ"1r:iftfld, Alf wp1-k10 be C()lllpll!fed hr" ivprk111m1-/Jktt 111a1111ei· ,r,;coti/Jng ro sum4qrdP!,'flcfices,  .ii11;r,;ilreratio11 or de11/qJio,1

1'<m11s

ji'1Ji11 /he abofe, w,!c/jlC<.11ioiu l11vaMng ,e;,;1to ,;os/ ll'llibe e.w,:11te;Icnb, 11po11 ,m11ei1 ol'dett; '<t11il WI/ J,et;iJmc w1.e,ttr1ulUltge ovs,· ali4 aboi,.e 1J,e estlmatei. A11y ve1·bql o11tho,:Jz111/ails gli>e11 h;vthe CliBl<>mer will be treated tile Mime-tis a \,Nitl!ii order even If.m1iJiorizaliun i>.JIOI Wrllt,m.  Yellmvsimw ltmdscaJH, u,c
1,ol'ktrsca,'llf11f�1• col'Cred by workman's c0111pe11salio11 i11'1rra11ce, the a,//acli�d	trnifCond/JiQ!1s o/Sa/e d,'ep<ll'ta/ihis,prvpoxtil.

:5
Secllt Barnes, SeniorAccomit Miinagur ·

Authorized SignQtures

ACCEPTANCE OF PROPOSAL
'flt<; above prices, speci�cntions nod C011ditio11s ;ire satisfactory and are ,hereby ac\iepttjt
You .are authorized to pro�eed with i� wqtk sp�lfied. Payment win .be made as outtlncd above

D11te of Acccptnnce:	Sigllatu1¢:

�

....

�",�
YELLOWSTONE

3 86.437.6,211  tPl
JH6;437.fi14:1 fo.'t

323!.i North Stnte Street PO Box 849
$unneH, FL 32110
www.y.qllovvstor'lela11dscape.com

Date:	May 14, 2018

PROPOSAL

Projmsnl Snbinitted To:	Alirn,Shecrer·	Project:. <;1·1U11l R.ese1•ve

Gove1•nnienli1I Mnnngen1ent Services lJS w. Ccnti'Bl Blvd., Sulrc.310 Otilindo, Fl,. 32801

Pump St11tion.Qu11rterly Se.rvlce

We herebysubmit a pro1i0Sal fo1·:	The-·q-·uarte.,.,_,i·ly mai:nteni;Ulce ofitrigation pump statl0t1 ht order to ensure p!·op.er opearatioit.

Scope n(Work:

..

Clc11r Control T"'blng
t	Check all .Conti·ol Systems

*

AdJust P11iili.l11g Seal

*		Relief Valve Qpei:atiou Mnlntnin Head Oil Lev1Hs
VFD Opei'atl0li

•

�beckund AdjusC Motoi• AMP & Volatl'lge Chcek f;lcctlt·c11I Counectiuns

Qun.-tedy Maintenance

U11iJ Price

$866:67

Proposal Total Notl!:  Price ilidudes all nssoelitled costs ofpro.e1rcme1H (i11i/ il1stailati1m ofmater/11/s.
Pa)'lllellf //11� J() days rifter receipt ofPIIJ' app/lcollon.

S8oMi7

AU 11wt11ri11/ J's guanmte,etl to1	or deviatio,1

)e as .pqcified. A}/ work t<1 be ,:,:w1pleietl /Jt a w<1rk11,;m-Uke nm1111er a,vo1'tfilig l(J sim1dartlpm�1ic� A11y a1ter"tip11
froi!J tl,� qbill'e sJM'cifl¢tltll/s}11v11M11g e.xtrq cost MIi he e.YeclJ/ed <111�)• IIJJOI! w11tte11 P1-de1'3,And wiflbecc,;wan t;l;tfa.charg� (l\'/!i' ,mdab//1"1 the estimatos, Ai1y verbal-atitllorieatio1is g/Vtlil b,vIlle customer iif/11 betreuied tire w111e itu1 M'ilte11 ordereveii ffauthiJi•izm/011 ts 1101 Wrllit',11. J'ell6i1sto11e LoMscape. LLC wqrkersc;m:efi1Fly L"(Tl>e1-:e.d liy •wodcma11',< cpmpe�//,m i11surmice. ·Tlte a1faclied Tim11s andCo1id/J10c11it a/Sale arijiarf,)lth,s1;ropo:ra1.
Authorized.Signatures

Sctitt Barnes,.Senior Aci.:ouut Mauaget

AlX'EPTANCB OF l'kOPOSAL
The aboye prices, St)eciffoation� mufcomlitipns lire satisfaiaory arid ate hllteby 11ece1ired.
You ure au\horize(I toprocce� with the worl< specified. Paymentwill be made l!S 9ulli111;.q abo\11l,

Date ofAcceplMce:	Signature:

�•.

◄I:.,,
YELLOWSTONE
Landscape Manag'.ementAgreement

Client Name/BillingAddress: Deer Runty Development Distdct

Property Name/Address:
Deer Run CpD/Gtand Resewe

Communi

d	3 9

Addltiortal µndsc-i:lpe Maint�nanc¢

135 W. Central Blv
Orlando, FL 32801

., Suite 2

C01itract<>r:

Pl'operty Contact:

(Yellbo/wsto11e La:ndsca� - Southeast, LLC

.Alan Sl,eerer, l<'ield Operations Supervis(}r	d/   � Ydlowstone undscape)

Goverrtment Management Services Tel:407-39H-2890
Efilail:.ascl1eerer@govmgtsvc.com

PO Box 849
Bunnell, FL 32110

B1•anch Office Contact:	ge

Paul LaMbntaine; BhmchMana r Tel: s86·437•62.11

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�--'-���----------------Em:a1,U: lilamo11tai'ne@yellowstonelattdscape.com

Scope ofServices:
The Client agrees to engage Yellowstotle Landscape  - SO'utheast, L'U'.! (cl/b/a Yellowstop.e Landscape) to :provide the Services andwork described in the attached Exhibit{s) A & B.

ColllpensationScltedllle:
Addendum to.current contractforadditional landscape maintenance services as outlined below; AdditionalAnnuaI - $35,854.36
Additional Monthly � $2,987,86

THETERMsANDCONDITIONSONPAGE2AND THR EXI;ltBITS ATIACitED.HERh"l"Q OONS'11TUTE PART OF THIS AG�

ifRl!SEITT'EP.BY:

er...n�\

YnLL(d/b/aOYWolSl'.l'-PW LANDScAl>E - �Qtil'HBAS't, Lt.c

By/Date:�----'=--..,�"------=�---
Paul µMantpine, Branch .Manager

ACCEl.'1:ED BYr CLIENT

By/bate: _	 	
Prirtted Natrtefl'itle_, � 	­
_Ov,L1�1' . -· Ag�nt

Page 1 ofS

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1!ntire Agrlietllertt: This Landscape Managc=nt :Ag1·�emcnt contains the entire agreem�ntbet:iW!lln tileParties nnd•$up.:rsedes allprior and !,',('11\temporaneous negotiatj,(ms, promises,
u:11derstandl11gs, commitments, p,oposals, or agre<'Jnents,.whE:1;her oraloi· 1v. 1iih:11 �m!lie subject!II!l�/)1' addr�sed herein.. tlus Agreement ml\)' only· bemodified or ainende· d bfa wtltirig

signed byauthorized rep,-esentatives ofboih Pai.iles.

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Acaptance ofAgreement- Thii :Agreemi,nt constit1tte/l Yellowstl!hd.andseaJl.l! - Southeast, Ll:.C's fd/b/a· Yellowstonc 4'ndscape) (her�iriolter referr� to 8ll "Yello�V1itnnc''l offer to Client intd shall bee<Jrne abinding confr-.iet upon acccp_taile¢·byCll�t•irs�W�¢ Q!l,this ,Agteeim:llhhd/<ll' l!)StruetiQn 1P perf()rm the SeNICE$ by Clie,nt'sauthC\l:ized 1�preseota'tlve.  The Parties as!'0" t1iat· .the provisions of t}!e Ag1Ccment shall conti;ol a(ld_ govern c;1ver any ·<;i>Jltract �em1s .im4/ot Purclil!�e ()roei:a general� by Clie11t and that such documentation may

bejssued by Clienl to, and ru:cepted:by, Xellowstone \\1lhout altering the t!!i-msl1ei<ei)f;      .    _ . _ .      .	.    ..    .    . .	_

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Pi-lee; Quality and Working Conditions_: The amount$ inJhe_•eompen�ationscliedule"include iiUlilbor; materials, insui.'l!o�, aqi.Iipnient, and superv;ision for the peiformaride ofthe
�peclfied Set'Vl¢ea iii tlie attached.e,diibits, ,A:11mater.ialii supplied as pa11 oftbi� lijµ:eeillent are g1lltatit:eed to be ns speeifil¾l.Md ,djwprk shaltbe ¢0rnpleted in a wor!,m;i:nlike mann\ll'
�o;diug toi;tand�tdlmtdsi:ape mainte11nnce. practices ('W�r!Ulty�),· U11lessoUuirwise slated 111 writing Yellowstooesballhave the right IO'r!!ly•on the c;JJ1tenls ofall documentsprovided byt:llent and/or its age11ts, including i>Jans,:Specificatioll;I, JU1d test results, will1oilt independentverificatiot1 atld a!Ul!ysis 11YYe'!lowslQne, Client 88ftt5that Yell<lwstone is ilot an iusutl'.r or guara.ntonif the •Jiproptillteness Qf any limdSellpe..deaign provided,Jiy 0U1ers, pr oft11,e long term v.iability-dfplant material utilized withfothat specified lanciacape design at of the site
-C911lit111ints {includingwllterlng restrictions) utiderwhich Y�llowstondsreqi1lred:to p!!ff<iriil itsServices. . ..    .	.	.	.	..	.
Asalgnu;umt; Neither Clientnor Ye.liQwslone mayali$lgn tbjsAgreement or knMfer any right, interest, obligati!]ll,.clnim l)r·telief under this �reement without the prior written consent

ofthe otl1cr pa:rt,y, Cllent acknowledgcs:tbatYi.:llowsfone mµy·sUh\:ontractpQrtlol\8•0f1heW-

ork fospedaltysubconl:rl!,Ct,ir,r.   .   .	.

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Relationship ofl'arliesi '.11\e legal relationsnip ofYellowst0nr. to ClienfWitb respect to theServiceuhrul be tlmt of1111 lndepimdent contt:llcior, natdn ag_ent or <1mployee. Yellowstone is responsible.fodtil own Withholding 11t�s,.socialsecudtytnxl!i!,unemployment taxes,licellSes, and lnsutance pertainingll> i\$ 1!�ley'1)es o, opaatl()ll,4, lfllPPli<illble, Yc!lol'!stone.agrees to
:pity allsalestaxes on matulals supplied.	· 	·.
Agr�em.ent ,tenewal: Unless Cllent 11<1Ufi�sYellowilt011e·regarding its intent to �'lllinate Serv;iecs. prior to expiratlon,af. ihe "�nlijalTerm", P,is Agreement ,vlll renew automatit'.lllly for

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.att_additional 12 month term andmlf�ontinJJe to renew utlbe end ofeaeh so�ve 12 month W'Jil unlessi!anilel!ed byeitmirpartyfaa<cordar\ee witb.tl1e'·Tennimition• pi-ovislon orby ei_therpilrlywitli. written-notice. ofnot lcssthan ;\(l daysprior iotheend ofthe"InitiatTemi" orffly-uutomaticterm(ii), Clun-geaWill inetease by2,026.attlieoonunenceni'eiit:ofeach additional automatlciweh�-(12.)'!n.onth renewal teun,	.    ..
Pilyntertl'i'ct'tl'lsi..l!iJli,:ig f�Sel'Yi� �rs in advance,at thefir$t ofl!ll\ili !II/lnth -in accordanrewitb thll,.C.Otnpensa:tiou Schedule" on !'age 1 oftbls JIJ!•·�ent, P�ment rorServci e(/!)is
due upon �ce\pt ohno:rithlyinvoices, The,Parti.es contractutilly11gree (}!atJnteres.t onallpastdue amounts shall acetue 11t themaidmu11l l1)low!llile rateprovidedbylaw.permonth, beginning
.<in.t.he first day followingthemonth jn Which th!!-involce \.as.received. 'fliisAg.i-eemerit. constilutes a coilh'8ctofindebtf.dness..AII pi,yinents should b.emailed to:
Yell<JwstoneLand&c.apl! ,;_ Southe.:t!lt, LLC

affe1·.recclpttif;writtenliotice sped(yiJig the attll or omissions,

roilµx.tq1017

A�anta, GA 80:39lMOt;;r 'tertnhuttionfor C11use: tfYellm\ilironefails

to fullyped'otm itloblJgation!i andfalls to c11re any�nch default wi.tJiin 30duys-

Clliintshall have.the.right to tenniilate'tbfli ,Agreemelit. In tl1c e�nt ofa"Te!'inlnationfor Cause•, Client.ahllllilorify-l'clloWstoh,tofthe.termintltioii iliitein writing arid Pl\Y Yello�911efor
!ill ServiCl!il petformed tollte�feetiv:e date oft�mination.	.    . .  .	. .·	.	.    . .	. .	.	. .	_   _    _·

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DefaulhIntheevelit·that Client breaches.Itsobligations under t)'1is Agreement to pei-mitand cQOpei:atil wlJh Yellowstone'$ perfqr.l,l'lam;e oflt;; duties or Client fails to m_li.ke payment for aoy Services witbin 30 days ofreceij)tQf Vellowstone'• invoice, .Yellowstone may, but'shall not be obli�ted to, stispenjl Se.i�<iCS until ilie breaoh,is ctn-edand/ormiUI all arrear.ages have been 1>aid In full. 1'his Agieementi,rillterntinate antomatlcally and withoutnotice up<in the inJolveiwy of, or tt))OU tlie filing ilfIiban�ptey petition byor against Cll�nt.

of

Clainis: Y�llawstope'sresponsibilitywithreg�1·d to Servi� not lili?etingthe "Wilrtilllty'· sliall he Htllitea,ittl1e lkileclioi.�.:ofY¢llOWiltoJle,tothe,reoperfotmar1ce oftho,�e defoetive Services and replac:emelll Qf tho�ll. def!U!Uve ni.atcrl,lls 1vithout charge jl1lli11&the nin� (9Q) day periDd following cotnpletion 11fthe 4efecfive Sewices or p1·ovision    defective matel'ials; or a credit to Client.'s aeco11nt ofthecompensall<>n paid.by Client for the portlon o[j;uch Serviee.s determined to be d¢fective. Ifthe attaehed. ,lilubit(s)expressly providefo1· li longet "WArranty" peliod, that •wa1n11ly' pe1iothhall apply. 'rbe Parties shall endeavor'in good faith to resolve any such Cljiim wiU1iu 30.dl!y�, failing whicl1 all elaims, C<)tirtterclaims, disputes; and other matters in q11estioit lietlweti Clientand Yi!Uowstone:atlslilg out of or l'Clat:ing to tlrls.'Agreemcnt or the b.r¢.11elithereoi �be4eclde4bythe-di�pme rel!Olution,ptocess identified.belo,v.  F.aehi'�rty
1Yiii bear its owr, (l(!s�, inclm:ling attorneys' fees; howe11e�;"tlle p1-evailingl)llrzyshall haye the lighttQ ciillectreas1mablec.o,"1:!! and at:IQf.llll.$ll fee$'f9r enft\relngi11is Jig�ement as nllowableby

applicable law.        .  . .	.  _	.. .  .	. . .

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Dispute Res9Mloi, �ndCholce of Lawi The Agreementshall begovernedbythc laws fth,, Stote of Floridaw.ithout ,;eprd.to its conflicll! oflaws provision. YeUowlitone and Client
agree.(O to submit to thejurisdiction orthe State o-rSuperior Courts of Flagler G:iuniy, EL fortlie_p111·pose ofany s11it or othe.t pr®l!e<lirtg arising.011ror or hi1sed up()ll this.�1·eement, (ii)
rlgree not to �llif!!ence any suit, 11ction 01: oiher p1·oceeding)Uislng out-0f01: b.:ised·u!lOn thJs.Ag1-eement ell� in tlie statJi C04!'1s ofFlagler County, FL, A11y s11d1 dispute may bym11taal

.agreeml!llt ofthe farties b.e submltted t<>·a'rblh-atio11 or m�dl11tion, wbich shtdl becol)ductedin Fla11ll!l"Councy, FL,	.	.	.	. _	·.    .	.     _  _

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Insur,uu:_e: Yello-wstane shall �rea11dmaintai'(l;tbro�bou1 tl1eperfunnaneeo!Semces under this Agreement, GeueralLiability,Eniployeis Liabillty,.AutoLiability &:Umbrella Lfabi!lfy coverage, 11sspeclfled hllreln:	.
Worla\r's c&mpensation Tnai1raQce wii.h statutory lirtiifR;
Employer's Liabilityinsurance 1v!th linifurofnotless than $1,000,000;
Commercial Gener-.tl J,iab.UltyIr,�urari�ewith combined singlelimits?footless than $1,000,000 per occurrence/$:i,obO;ooo amiulil aggregate;
Con1prehensiveAutomobileLiabiHty'Insurante, including owned, .non,owned imd hired vehicles, with combined siqgle,liritits-0f.notless than $t,ooo,ooo.
e,      U111brella Coilerage $io,ooo;ooo pet· oceutt·ence/$10;000,000 annunl !lggl'.egiM	.       .	.  .· .  _·	.     ·	. .	.     ·	_
If requited in wridM by /;!lien!, Yellowsto:ne shll]l fumi$h Ci,J,tlt'itates ofIns1.11;n\ce verifying such iµsu��c.- and Yell!lv.-stone jlgrees to provide written notice to Client alleas_t thirty (3<>)
.ilaJ,spriorfu any cancellalion,non-renewal pr.matet'ial mi,idllication oftjle polietes, .W.l1�1 raj�&t,oo:by Cli¢nl, th!! or/ginll1 insura!Wl_polici.. es reqiilred.of Yellow.stone will be i,iade available for�e\V,	.  .	.	.
:ucenseii: Vell_o,vstoite shall milititain �11 appllcablellcemes und permitswiihin tlu� cltl� t.ounties, and stat.es ofoperation.	.	.	.  .
Jj,d.�ilification for Thil'd.Party �alms; Yelllc)wston11 agrees to indemnify, defeod, and liold h11rmleS$ L'lient from and jlg&inst any alld all el.aims, losses, liablllties, jucJgments, costs
n.nr.1 �n&llS 11.nd damages and injuries l9 thirdp:n:ties{�Clalms''Jarising Put ofm: caused by the n�igentaet,ettot,opiis.1on.    ori11tentl1mal wro�dalngofYellowstoile; !is siilJcontractors
or their resp.:ctive ag�nts, emphzyees oi: representatives whicn arise from the tierformance -0ftr1e Sel'Yiel:& or oth<lrwise whUe present 01\ tbf 'PrQ'pelfy'for the purpose 6ft�deringSm-vices

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porsuaut to thiaAgreemeirt.  Client agi·ees to inden111ify and hold.hannles!!Yel.kn)!Stone ilge,iost.any Chnir\il based in ,�l1i>lti � In part. by the .cotid�tt or a1:tions of C,lle(lt;  The lndl,m.nity tights and opligationsJdimtllied in tht'1 Ai\rcel'tieitt @llll l�, .ilitd a�ttic onlv ind�tnity ti!;4ts aiidobllgatiilns hetwcen thePartie.,;inl«w on;quity,. arlsing out oJo,· reh1ted ti) Y�IQ\\o11tone's Services under this .Agreementor a�y claims·asserted in.relaUon thereto.                                                                                                                                                                 Li',lli,ation ofLiability: ��cept for thehulemnific�ionptovisip11 appl�ble �o dab.itsbitllird piutic.��instCli�iit;Y!l, ilow$to11e'll total "fd:cumulative liability to Clieiit foi- a;iy and all cltnms, losses; coslS, expens<lS and damages;,wnether m eonttact, tort orany-0thertl11:ory o;f n,»Very, shall 1n no e'llent excee,Htie an1oont Clieutha$ paldtoYellowstone.forSel'VlcC!! Undey
thl$,Agreement,durlngthe'calen.dar yelll; i;, wblclithe clait11-tjrstoc¢1u-red, l'ri no<lv¢nt $bafi YelJ{!\VJtbne h¢ljab}efi:,rinctdentali etill$l!fll1ential, special 01· p1ut.itlve da.m14ges,

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l1uib�et.Damage11: }(reitli!!rl?arty shall be llSponslhle IQ tJ1e litlter orto :anythimplll'tyfor anyeconomic, eom,equential, ineidenl'll or p1mjtive·dameges (including but npl limited to loss ofuse, ineome,profits, ftnanclugm·loss ofrgmtationJ a1imng out oforrelatingtpt]pii SetvleeAgreemeilf<it-th�perforrttllllc;.1 �ftheSetvices: . . .  .
Excusable Delay• and 'Riskofl.ossi  Yeltowstone .sball not b.e in bre!diofthls-Ag1ilelll.ent notliable for diliuages du· e to (i) delays, (ti) failure to .peiformany oblig11tilin mtder this
Agree111en.t, or (iii) lo,;s¢s caused or l)ttribittahle, it1 whole ot in part, t-0 citcilOUltaUt� beyti-   tl.d it;i ��!\SUie control, iJl�n�i� but l.\ot Jjmit!ld to;. drought conditions, acts of G<;(l,

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govennnenlill rcstriciions or requirenicnts; sevet-!'! Q:t nwsual ,veather, natural oitattropl1e$, va11dalisµt nr �cts qitbird])!!!:sons. L1i<lll't0Sallllles the full r.is'k ofloss ntJrlbutabJefo all sudi OC(urrenees; lr;icJuillngbut notlimltedlo, !he rel'�\\' qr replawµ�oflandscapingiuldpaymenuo Yel)o-wstone9fiXJI arnoonts,prtividcd in tlJ.is,\greement; notwithstaudingthatYellm�st('me n1ay11othave �en able toprovide all 9r any ofits Servkes diitiilg,such occurrences or until theprcini��lbedllllderthis4t'cernent has been t-est\ll'etiloitsprc-o<:clirtenre etlliditlon. Watct'irtg RestrictlomnindDrought Conditloti.s• Shouldlhe Propertybe located 1n an ati!awhich 1s or beci:!tn(jS sul,Je,:ito,gt!V'e,rnmentalteml�tions·onwaterusage <1nd/o,r 1vatering times lippliciible to theSetvi�s '1¢1ldW$ine 1\iiU.comp1y0\';it4 sµch_governmental i-estf!etlonswhlch maytben impactth.,_perfottnmu:e, viability �ndj.or looks ofplant mahirlals and, $SSUcb, shall be deemed circumstances beyond itll.reas.onab)e ®nirol.

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Nortwaiveri No delayor omissim1byYellowsto1te-in exe1-eislng an)i rigbt undedhis.Agl'eeme/if, !i!ldito partialeserclse <JI1\11Y,1ighttindet'thls.Agreemen.t, shall op«.rate aJ 1t ,vaiverorsuch· tlghtotofanyother rightuildet·thisAgreementas Jllwidedfor by lawor eq:uity, · Nopu�PQrtedwaiverofany.right.sha.Ube effective.urtlest.io w:r)tlngslgned'by an authoi;l�ed1:ep1·esentative. ofYelliiw$1:011e and no •�aiver-Oli 011e-oci:asfon shall be tQi15P"ued as.a batfo or w11iv'i:r:Qf n11y sqcb ciglit-,on any other =&ion.  All'rights ofVellowstone under this Agr�e,it, ;:,.t lawor In
equity, are cumu!Jltlve: and iheexerdseofone sbaU11ot be-constniedMa bar to or walve1· ofany other.
'Constl'\tction: The.ntle obdv$'se CO}iStractlon Sh(!ll riot apply.  No provision of Olis Agre¢ment ls- to. beJnterpreted for, or (IJ(illitst an§ Party because that Party ot that Party'!! legal tepresentative drafted'.tl1e provlsloo.  Inthe event any proylsion oflbe,Agreement is dtemeaitJValid or unenforceable; .tb:etemainili[i'.proyjs!cns sha.ll coiltiriite1n Mlf()tCe and, effet:t, and thelnv�lid or uneiilni'l:eable provis:1011 s!ial) lie'intet'Preted and enforced as closely !IS ppsstble-to the.frttettt ofthel'arlie� t1., ex��sed"he.ein.
Chantw In Law: · 'ltilsAg1-eement1II b.as.ed:011lhe laws a11il �egul11tions existillg atthe dateofexecutliln, lnthe,wenttbat a.�Pvet'Jlliumtalauthoiity•eii.acts laws oritiodlfiC$ i·eg(lltrtio11s in a
ma1111er th;it lncreas� YeII. owstone'.scost&,assocla.tedwith providingth!l s�rvices o'ndertltis Agreement, Yelloivstonel'e$Cl'VeS.tl1e dghtto notify Clientin1vrltingof'such materialeostIncrease
•and to adJtist pricing 11coordingly M of.ihe effective date.ofsuch tost increase. Yellowstone mustsubmit dear docii'mentation•sUpport1ng the cost inCi'ense atld can only 1itctea�e prldng to
.theextent ofactual c011tidncurred.	·

P:age 2 of5

.,,,,,;.·�..t"ft:,,
Y�ELLOWSTONE
Deer Run CDD / Gl"and Reserve Addendum £whit A
Land;scape Management Se,J-Vice Priclng Sheet

Core Maintenance Services
Mowing, Trimming
lncludes mowbtg,.striny-trim.ming ofpond bank areasin CDD (Bose.d 011 pr,blfide<T niaps)

Pine Straw
estimated JOO bales.nviceper yea1·

Standard/Specialty Palm Pruning
based on 10 Meqjool, 6 Queeh p�ims twice peruem·

Annual Flower Replacement
JJasf!d on 1,200 4" p/cmts with 4 1'-0ta#onsper year (Jan, March, .J.une, nc$

Fountain Maintenance
Incluclesmonthly· inspections ofHwy 100 &-VS1 Fountains

Grand Total Annual
Monthly

$16,568.36

$4,359.00

$7,680.00

.$6,072.00

$35,854-36
$2,987.86

Client lnilial: --�-	creating premier properties. Bolldlng lasting relationships

$C¢,:vlienict:f? Al-ea:
I!JLecti.ve Date:
Addendum Exhibit B � Performance Standards

Deer Run CDD/Grand Reserve
all
Jui1e l, 2018

Managing the needs ofyour unique landscape requii:es. careful planning and attentionto de�il. Olli: experienced professio11als use their extensivetraining and state•of-the�art equip1nent to ensurethe heiilth and sustainabi}ity of516111· livillg Itrvestment. Should you everhave additional needs, que,itions or concerns, pleasefeelcompletelyfree to askus.

GeogfaphiClo¢ation a!td climate play a majouolelnthe tim1ng of our service delivery,schedules are.adjusted to coineide with seasonal growth rates in orderto maintain a•consistent1 healthy appearance; Serviceii m.lssed dqeto incl,ement weathey willbe made µp as soon as possible. '!'be following t;able sununatizes oµr planned,�sits for com1,Ieting each ◊fthe $ei'1/ices pei.fotmed on your propetty:

Service	Visits

Client Inith,tl:  	

Creating premierproper-ties. Building lasting Pelationships.	Page 4 of5

What you �n expeft from'ns as ourvalued Cli�nt!

You need to k11ow what's going on, Most. frusttation comes fl:Oin notknowing. We've c:onfronted thfa issuehead on�our systems put conirounicirtion first. Clients have a $fogle point uf �nt.act regai:dkss ofthe &t&ge oftheh·job, Therf are regmar updates and we always \Vt!lcome lots offoedback.. It ii; oi!:t polity to·be honest and. i.-espon$ive at an times and.our dl:}jective ls complete customer satisfaction,

:Cusfomiz(itiOtl
OJ.i e size cloe�tt•t fit all. Every pl'Operty we service has ir:s OWJi set of needs and issues. Ou,: experiericed staffand integrated approach allowus to find unique solutions tomeetmostproperty or·budget.constl'aints. Itis our focusto be as flexibleas possible so that we find the best.solt1:tiou and ottr c\JsJorµer expel'ienc.eis stl:�s fre.e.

Pl•oactiv1ty

We'llfix it before it's a pl'oblem. TheJast thingwe want isfor ourdientsto point out something we've missed.We've built our aervice progratns ar�und ptoactivity and 01i1•.professionaJs sttive to catch evefy detail 'l:iefqre sonieo11e else doi:$. Procedures; checltlists and training all focus on one 1�stilt-making sure our custon1ers don'i:have to mami:ge -0ur work.

Pe,•sonnel

We und<lr.stand that otir personnel.at:e perceived as your representatives while on yourproperty; rest assrired iii' knowing they will conduct thet11selves in an efficient, well..mannered; well-groomed. and workman..liJ<e manner.
Allofour set'Vlces are coo.rdiuated tominimize disrupti<iu and mrudmi¢e safoty to people andvel}icular traffic.
We provide all labor, fransportation and supervision n¢cessary except ill dre*mstaMes• wltere we may use a repntable subeontrnctor (e,g, palm prtming, mulch,.and irrigation)•to cart_yout the task.
Should we accidentally damage anything onyourpropel'ty; weWillpromptly make repaks at uo eostto you:

Om• · el1icles an.d.E0uiI>ment

-Our $er'1i<:e vehicles atewell maintained, registered,ins�ted, and operated only by responsibl¢ li<:enseii person:nel.
All tnillers, :storagefacilities, and mafutemu1i;e equipment at'.e ingood condition .ind presenta clean and neatappearance.
Tools and equipment will be properly suited to thetaskatlland and usedwith safetygearwhen necessary;

Additiottal•Serviccs

Wewillgladlypiovide extrasetvices (si.1chas ltrig!ltionl'epait andplantm,atetiall,epla<:emeµt);specialservices and,/orlandscape e11hanceme1.1ts atan .11ddifiro1alcharge With writtenapprovaLfrom one ofyom· authorizedrepresentatives. Om· landscape design team and enllancei11entcy.e:ws are )'{',11 dy whe.i:i you are!

Additional Provision.,;

Your personal Atcount.Mauagei· ,vil! conduct ihspectfons .ou a monthly..  basis to assess and remedy landscape 1naintenance defici¢ncies as soon as possible:.
We offer a 24 hour contactlist for use in case of emergencies,
Removal of all landscape debris ge· nerated on the property··  dul'.ing· lam:lscape mafotenanee is our sole responSI'bility, at no ai;ltlitional experts� toyou.
AccesAi to a water sotu:ce on your property rtrnstbe providedfor use in sprayapplications.
All products will be applied as directed by the manufacturers' instructions arid in accorqance with all .state and federal r¢gtilafions.. 
We will freqµ¢ntly assess; identify, and notify ;,ou .of a{fy landscape con(\itiorn; that affect li:mg-terin health including our suggestions regarding the.best course.ofactiou. While we ean't guarantee the sutvival ofplant matel'ia11 since it is a living thillg, atiyp}:antma:terial that dies as·adirec:tandidentifiableresult ofimJ.lro,permaintenancepractke.1> willbe l'(;l.placed at l'IO additional

Client Ii1itial:  	

Creating premie;•JJroptrrties,  Building lastfri{J ralationships.	Page 5 af5

SECTION VI I

SECTION C

SECTIO N*  •	1

Deer Run
Community Development District
Summary of Check Register November 09, 2017 to January 16, 2018

Fund	Date	Check No.'s	Amount	
General Fund	11/9/17	795	$	2,652.02	
	11 /15/17	796-799	$	7,988.29	
	11 /17/17	800	$	59.07	
	12/ 6/17	801	$	351.07	
	12/ 7/17	802-803	$	4,053.76	
	12/ 13/17	804-807	$	8,771.88	
	12/20/17	808-811	$	137,210.16	
	1/3/18	812-813	$	1,095.33	
	1/5/18	814	$	701.95	
	1/ 10/18	816-819	$	5,958.27	
	1/ 15 /18	820	$	1,335.00	

$	170,176.80

$	170,176.so 1

A*P*3*00R	YEA*R* *-TO-DATE  ACCOUNTS   PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	1/16/18	PAGE	1

VENDOR NAME

#

CHECK DATES 11/ 09/2017 - 01/16/ 2018 

DEER RUN CDD - GENERAL FUND BANK A DEER RUN CDD

CHECK	VEND#	• . . • • INVOICE • . • • • . • • EXPENSED TO . . . 
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
11/ 09/17   00001	11 /01/17   1M9A4NAGEMEN2T0 1F7E1E1 S3N1 O0V- 51 71 300-34000 
11 /01/17 194	2017 11 310-5 13 00-35100 
INFO TECHNOLOGY NOV17 
11 /01/17 194	201711 31 0-5 1300-51000 
OFFICE SUPPLIES

STATUS
**

*

**

AMOUNT
2, 500 .00
83 .33 
7.89

• . . . CHECK • . . • . AMOUNT

11 /01/17   1P94OSTAGE   201711   310-51300-42000 
11 /01/17 194	2017 11 31 0-5 1300-42500 

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

194

11 /01/17	COPIES	201711 320-53800-49000 

4. 93

*

47.40
8. 47 

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

DOMAIN RENEWAL	GOVERNMENTAL MANAGEMENT SERVICES

*	- - - - - - - - - - -2-, 6-52 -. 0-2   000795 

11 /15/17 00027	11 /01/1 7 1800 1459 201711 320-53800-43000	902 .00

- - - - - - -

STRE-ETLIG-HT-ING--NOV-17 

-FL-ORIDA  POWER  &   LIGHT  COMPANY

- - - - - - - - - - - -9 0-2 -. 0-0   000796 

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

*	5,7 40 .7 2

*

11/15 /17 00042	11 /01/17 188374	201711 320-53 800-4 6000 
LANDSCAPE MAINT-NOV17	YELLOWSTONE LANDSCAPE
11/1 5/17 00051	10/31/17 165502	201710 32 0-53800-47000 

- - - - - - - - - - -5-,74-0-. 7 2- 110 .0 0

000797 

AQUATIC MGMT SRVCS-OCT17	APPLIED AQUATIC MANAGEMENT, INC .
11 /15/17 00027	11/04/17 13496-61 201710 320-53800-43000 
11/ 04/17   3 29 9 9G9R-A5N4D2R0E1 S7E1R0VE3 2D0-R5#3 E8N0T0R-4 3000 DECORATIVE LGTNG #OAK BRN
11/ 04 /17 49885-91 201710 320-53800-43000 
410   GRAND   RESERVE   DR   #B 11/ 04/17 68588-2 1 201710 320-53800-43000 
100  GRAND  RESERVE DR #ENT	FLORIDA POWER & LIGHT COMPANY 11/17/17 00035	11 /17 /17 11172017 2017 11 300-20700-10100 
FY17 DEBT ASSESSMENT 11/1	DEER RUN CDD C/0 REGIONS BANK
12/06/17 00007	11 /28/17 01 -0060- 201710 320-53800-43100 
100 GRAND RSRV  PKWY-OCT17 11/ 28/17 01-0060- 201711 320-53 800-43100 
100 GRAND RSRV PKWY-NOV17	CITY OF BUNNELL
DRUN DEER RUN BPEREGRINO

- - - - - - - - - - - - 1 -1 0 -. 0-0   000798 

*

*

329 .00

*

60 1 . 14
198 .06
*	107 . 37

*

1, 235.57	000799 	
59 . 07	000800 	

351 .07	
000801 	

- - - - - - - - - -
59 . 07

*

*

- - - - - - - - - -
18 7. 20
163. 87

A*P**300R	YEA*R*-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	1/16/18	PAGE	2

CHECK DATES 11 /09/20 17 - 01 /16/ 2018 *

DEER RUN COD - GENERAL FUND BANK A DEER RUN COD

CHECK	VEND#	. • • • • INVOICE • • • • .  • • • EXPENSED TO . . .		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
12/07/17   00001	12/01/17   1M9A6NAGEMEN2T0 1F7E1 E2 S3D1E0C-51 7130 0-34000 
12/01/17 196	201712 310-51300-3 5100 
INFO  TECHNOLOGY  DEC17 
12/01/17   1 D9 6ISSEMINA2 0TI1O7N12 FE3 E1 0D-E5C1 31 070-3 1300 
12/ 01/17 196	201712 310-5 1300-51000 
OFFICE  SUPPLIES
12/ 01/17 196	201712 310 -513 00-4 2000 

STATUS
*
*
*
*
*
*

AMOUNT.
2, 500 .00
83 .33 
208 .33
.6 9
10.81 

• • • • CHECK . • • • • AMOUNT	#

POSTAGE

- - - - -

- - -

12/01/17 196 

2017 12 310-51300-42500 

60

- - - - - - - - -

CO-PIES

- - - - - - - - -GO-VERNMENTAL  MANAGEMENT   SERVICES

*	- - -

2,8 03 .7 6 000802 

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

12/07/17 00001	12/01/17 197	201712 320-53800-12000	1, 250 . 00

FIELD MANAGEMENT DEC 17 

GOVERNMENTAL MANAGEMENT SERVICES

*	- - - - - - - - - - -1 -, 2-50-. 0-0   000803 

12/13/17 00051 

11/ 30/1 7  166147	201711 320-53800-47000 

11/ 30/17 166148 

2017 11 320-53800-47000 

AQUATIC   MGMT SRVCS-NOV17 

*

AQUATIC   MGMT  SRVCS-NOV17 

110 . 00 

*

780 .00 
335 .00

11/ 30/17   1A6 Q6U1A4T8 IC  M2G0M1T7 1S1RV3 0C0S-N1O3 V1 01 07 -10500 
APPLIED AQUATIC MANAGEMENT , INC .
12/13/17   00027	12/06/17   1 39 49 9G6RAN-61D2R0 E1 S7E1 R2VE3 2D0-R5#3E8N0T0R-43000 
12/06/17 32 999-54  201712 320-53800-43000 
DECORATIVE LGTNG #OAKBRNC 12/06/17 49885-91  201712 320-53800-43000 

-

- - - - - - -

-

410 GRAND RESERVE DR #B 12/06/17 68588-21  201712 320-53800-43000 

*	- - - - - - - - - - - 1-, 2 2-5 -. 0-0   000804 

39. 35

*

*	601 . 14
130 . 67 
*	133 .00

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

10-0   GRAND  RESERVE  D-R-#ENT- -FL-ORIDA  POWER  &   LIGHT  COMPANY

*	- - - - - - - - - - - -9 -04 -. 1 -6   000805 

12/13/17 00027	12/01/17 18001 477 2017 12 320-53800-43000	902 .00 

-	- -	-	-

-

- - - - -

- - - -

STREETLIGHTING - DEC17 
-	- - - - - - - - - -

-FL-ORIDA  POWER  &   LIGHT  COMPANY

*	- - - - - - - - - - - -9-02 -. 0-0   000806 

12/13/17 00042	12/ 01/17 191134	201712 320-53800-46000	5,7 40 . 72

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

LANDSCAP-E  MAINT  -  DEC 17	YELLOWSTONE  LANDSCAPE

- - -

5,740 . 72 000807 

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

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

12/20/17   00044	11/ 30/17   1 T1A3X0 2C0O1M7M2IS0S1 I7O1N1S 3 -0 0N-O2V0 71 700-10200 
FLAGLER COUNTY TAX COLLECTOR
DRUN DEER RUN BPEREGRINO

3,3 57 .9 5
3,3 57 .95 000808 

A*P**300R	YEA* R**-TO-DATE  ACCOUNTS   PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	1/16/18	PAGE	3

CHECK DATES 11/ 09/2017 - 01/16/2018 

DEER RUN CDD - GENERAL FUND BANK A DEER RUN CDD

DATE

CHECK    VEND#	• • D• A• T• EINVOICNEVO. I. C• E• •    . Y. R• EMXOPENDPSTEDATCCOT. #. . SUB	SUBCLASS
12/20/17   00004	11 /30/17   9R7E4S51BONDS2 0/R1 E7U1 0SE3A1G0M-5T1/D3E0B0R-3 1500 

VENDOR NAME

STATUS
*

AMOUNT

4, 168 .9 2

• • • • CHECK • . . • • AMOUNT	#

- - - - - - - - - - - - - - - - - - - - - - - - - - -HO-PPING  GREEN  &  SAMS 12/20/17 00035	12/20/17 12202017 201712 300-20700- 10100 

- - - - - - - - - - -4-, 1-68-. 9 2-

*

128 ,4 33 .2 9

000809 

- - - - - - - - - - -

FY18  DEBT  A-SMT  -  D-S  2008 

-DE-ER  RUN  CDD  C/0  REGIONS   BANK

- -	128 , 433 .2 9  000810 

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

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

- - - - -

- - - - - - -

- -

12/20/17 00001	11 /01/17 195	201711 320-53800-12000	1,2 50 .00

-

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

- - - - - - -

FIE-LD  MANAGEMENT  NO-V17 

- -GO-VERNMENTAL  MANAGEMENT  SERVICES	*	-

1,250 . 0-0   000811 

1/03/18 00007	12/28/17  01-0060-  201711 320-53800-43100 

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

100 GRAND RSRV PKWY NOV17 12/28/17 01-0060-  201712 320-53800- 43100 

590 . 58
*	486 . 40

- - - - - - - - -

100 GRAND RSRV PKWY DEC 17	CITY OF BUNNELL

- - - - -  - - - -  -

*

18.35 

1,0 76 . 98 000812 

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

1/03/18 00044	12/20/17 12202017 201712 300-20700-10200 

TAX COMMISSI ONS - DEC17 

FLAGLER COUNTY TAX COLLECTOR

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

18 . 35 000813 

1/05/18 00035 

1/03 /18 01032018 201801 300-20700-10100 

*	701 .9 5

- - -

FY 18 DEBT ASSESSMENT- 2008	DEER RUN CDD C/0 REGIONS BANK

*	- - - - - - - - - - - -7-01-. 9 -5   000814 

1/1 0/18 00027 

1/10/18 00027 

1/01/18 18001499 201801 320-53800-43000 

99 

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

- - - - -

STREETLIGHTING  -   JA-N18	FLORIDA  POWER  &   LIGHT  COMPANY 1/05/18   134 9 G6 RA- 6N1 D2R0 E1 S7 E1R2 VE3 2D0 -R5#3 8EN0 T0R-43000 
1/05/18   3D2E9C9O9R-A5 4TIV2 E0 1L7G1T2NG3 2#0O-A5K3B8R0N0C-43000 
1/05/18 49885-91 201712 320-53 800-43000 

1/05/18 

410 GRAND RESERVE DR #B
68588-21 201712 320-53800-43000 

902 .00

*

*

- - - - - - - - - - - -9-02 -. 0-0   000816 
39 . 44

*

598 .4 8

*

128 .6 6
120 .54 

-	-	-	-	- -	-

- -

- -

-

-

-

*

100 GRAND RESERVE D R #ENT
- -	-

-F-LORIDA  POWER  &   LIGHT  COMPANY

*	- - - - - - - - - - - - 8-87-. 1-2   000817 

1/10/18 00001 

1/02/18 198	201801 310- 51300-34000 
MANAGEMENT FEES JAN18 
1/02 /18 198	201801 310-5 1300-35100 
INFO TECHNOLOGY JAN18 
1/02/ 18   1D9 8ISSEMINA2 0TI1O8N01FE3E1 0J-A5N1 31 800-313 00 
DRUN DEER RUN BPEREGRINO

2, 500 . 00
83 .33 
*	208 .33

A* P* 3 00R

YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/16/18
* CHECK DATES  11 /09/2017 - 01/16/ 2018 ***	DEER RUN CDD - GENERAL FUND

#

BANK  A  DEER  RUN  CDD

PAGE	4

CDHAECTKE

VEND#	. • • • • INVOICE . • • • •  • • • EXPENSED TO . . .		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
1/02/18   1 O9 8FFICE   SU2 P0 P1 8L0IE1 S310-51300-51000 
1/02/18 198	201801 310-51300-42000 

198 

1/02/18	POSTAGE  201801 310-51300-42500 

- - - - - - - -

-

1/02/18   1C99OPIES	201801   320-53800- 12000 

AMOUNT

STATUS

*	.21 
*	3.2 9

*

*	6. 00
1, 250 .00 

• • • • CHECK . . • • • AMOUNT

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

F-IELD  MANAGEMENT  JA-N18- - -GO-VERNMENTAL  MANAGEMENT  SERVICES	*

4, 051 . 16 000818 

1/1 0/18 00004	12/31/17 97763	201711 310-51300-31500	117 .9 9

GENERAL ELECTION/BUSINESS

HOPPING GREEN & SAMS

117 ,9 9 000819 

1/15/18 00051	11 /30/17 

1661 48A

201711 320-53800-47000 

*	55.00

AQUATIC MGMT SRVCS-NOV17	*

12/31/17 

166880	201712 320-53800-47000 

110 . 00 

1A6Q6U8A8T1 IC

AQUATIC  MGMT  SRVCS-DEC 17	*

12/31/17 
12/31 /17

201712 320-53 800- 47000 

166881 

2017 12 300-13100-10500 

MGMT SRVCS-DEC 17 
AQUATIC MGMT SRVCS-DEC 17 ' APPLIED AQUATIC MANAGEMENT , INC .
TOTAL FOR BANK A TOTAL FOR REGISTER

DRUN DEER RUN BPEREGRINO

835 . 00
*	335 . 00

170 , 176.80 
170, 176 .80

1, 335 . 00 000820 

Deer Run
Community Development District
Summary of Check Register
January 17, 2018 to May 14, 2018

Date	Check No.'s	Amount		
1/19/18	821-823	$	11,740.72	
2/7/18	824-825	$	4,942.61	
2/14/18	826-829	$	10,919.26	
2/28 /18	830-831	$	339.00	
3/5/18	832-834	$	5,302.54	
3/14/18	835-836	$	6,525.90	
3/15/18	837	$	902.00	
3/21 /18 	838	$	823.60	
3/29 /18	839	$	5,237.33	
4/4/18	840-842	$	6,325.69	
4/5/18	843	$	3,837.33	
4/13/18	844-846	$	3,053.97	
4/17/18	847-849	$	9,183.30	
4/25 / 18	850	$	974.21	
4/27/18	851-852	$	5,490.34	
5/2/18	853-855	$	6,398.69	
5/9/18	856	$	3,839.78	

Fund
General Fund

5/11/ 18	857-861

$	4,021.80

$	89,858.07 j

A*P* 3* 00R	YEAR-*TO-DATEDAEECRCORUUNNTSCDPADYA-BGLENEPRAEPLAFIUDN/CDOMPUTER  CHECK  REGISTER	RUN	5/14/18	PAGE	1

CHECK DATES 01 /17/2018 - 05/14/2018 ** 

BANK A DEER RUN CDD

*

CHECK  VENO#	• • • • . INVOICE • . . . .  . . • EXPENSED TO . . .	VENDOR NAME	STATUS	AMOUNT	• • . . CHECK . . . • . 

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
1/19/18 00050	10/ 04 /17 93	201710 310-51300-3 1300 

*	2,5 00 .00

AMOUNT	#

1/19/18 00034

1/19/18 00042

FY18 DISSEMINATION FEES	LERNER REPORTING SERVICES INC 9/28/17   5T8R4 U3 S5TEE  F2E0E1 -7S0E9R3. 21 00 85-1F3Y0 01 7-32300 
- - - - - - - - - - - - - - - - - -R-EGIONS  BANK
1/01/18   1L9A7N7D4S4CAPE2 0M1A8 0IN1T3-2 0J-A5N3 81080-46000 

- - - - - - - - - - -2 -, 5-00 -. 0-0   00082 1 3,500 .00

*

*

- - - - - - - - - - -3-,5 -00 -.0 -0   000822 5,740 .72

2/07/18 0000 1

- - - - - - - - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE 2/01/18   2M0A0NAGEMEN2T0 1F8E0E2S 3F1E0B-1581 300-34000 
2/01/18   2 0IN0FO  TECH2N0O1L8O0G2 Y3F1E0B-51 8130 0-35100
2/01/18   2O0F0FICE  SU2P0P1 8L0IE2 S310-51300-51000 

- - - - - - - - - - -5-, 7-40 -. 72- 2,5 00 .00

*

*

83 .33

*

*	1. 38

000823 

2/ 01/18   2P0O0 STAGE
2/01/18   2C0O0 PIES

201802 31 0-51300-42000 
201802  310-51300-42500 

28 .54
*	72 .75

2/01/18 201	201802 320-53800-12000	1,2 50 .00

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

-	FIELD MANAGEMENT FEB18	GOVERNMENTAL  MANAGEMENT SERVICES

- - - - - - - - - - -3 -, 9 -36 -. 0-0   000824 

2/07/18 00007 

1/30/18   01 -0 0 0G6R0A-ND2 0R1S7R1V2   P3K2W0Y-5D3E8C0 01 7-4 3100 

**	536 . 80

CITY OF BUNNELL

1/30/18   01 0-0 0G6R0A-ND2 0R1S8R0V1   P3K2W0Y-5J3A8N0 01-8 431 00

*	- -

469 .8 1
- - - - - - - - - 1 -, 0-06 -. 6 -1   000825 

2/14/18 00051 

1/31/18 
1/31/18 

1A6Q7U4A0T7 IC

201801 320-53800-47000 

167408 

M2G0M1T8 0S1RV32CS0-J5A3N80108-4 7000 

ll0.00
*	835 .00

*

1/31/18 

1A6Q7U4A0T8IC  M2G0M1T8 0S1RV3C0S0-J1A3N1 01 08 -10500 
AQUATIC MGMT  SRVCS JAN 18	APPLIED AQUATIC MANAGEMENT , INC .

335 .00

*

*	- - - - - - - - - - -1 -, 2 -8 0-. 0-0   000826 

2/14/18 00027 

2/06/18   1 39 49 9G6 RA- 6N1 D2R0E1S8E0R1VE3 2D0R-5#3E8N0T0R-43000 

*

2/06/18   3D2E9C9O9R-5L4GT2N0G1 8#0O1AK3 2B0R-A5N3C8H00-43000 
2/06/18   4 94 81 085G-R9A1ND2 0R1E8S0E1RV3E2 0D-R5 3#8B00-43000 
DRUN DEER RUN	BPEREGRINO

42 . 50
598 .4 8
280 .21 

A*P* 3* 00R	YEA* R* *-TO-DATEDAEECRCORUUNNTSCPDADYA-BLGENEPRRAEPLAFIUDN/CDOMPUTER  CHECK  REGISTER	RUN	5/14/18	PAGE	2

CHECK DATES 01 /17/2018 - 05/14/2018 

BANK A DEER RUN CDD

*

#

CHDAECTEK    VEND#	• • D• A• T• EINVOINCVEO• I• C• E• •   • Y• R. MEOXPENDPSTEDATCCOT. #. . SUB	SUBCLASS 2/06/18   6 81 50 808G-R2A1ND2 0R1E8S0E1RV3E2 0D-R5 3#8E0N0T-43000 

VENDOR NAME

STATUS

AMOUNT
127 .35 

A• M• O. U• NCTHECK • • . . . 

2/14/18 00027 

2/14/18 00042 

FLORIDA POWER & LIGHT COMPANY
2/01/18   1 S8T0R0E1E5T2L0 IG2H0T1 I8N0G2   -3 2F0E-B5 31 8   0 -43000 
- - - - - - - - - - - - - - - - - -FL-ORIDA  POWER  &  LIGHT  COMPANY 1/31/18   1U9 9S1 61 1WATE2R0F1A8L0L1   P3U2M0P-5R3P8R00-47200 
2/01/18 200209	201802 320-53800-46000 

- - - - - - - - - - -1 -, 0 -48 -.5 -4   000827 

*

*

902 . 00

*

- - - - - - - - - - - -9 -02 -. 0-0   000828 1,948 .00
5,740 . 72

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

- - -

LANDSCAPE MAINT - FEB 18	YELLOWSTONE LANDSCAPE

- - - - - - - - - - -7 -, 6-88 -. 7 -2   000829 

2/28/18 00043	2/09/18 1513127	201801 310-5 1300-31100 

*	225 .00

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

- -
2/28/18 00004

MEETING AGENDA/ROADWY  ISS	DEWBERRY ENGINEERS INC .

*	- - - - - - - - - - - -2 -25 -.0 -0   000830 

HOPPING GREEN & SAMS

2/19/18   9R8E5V8 3IEW  LE2T0T1E8R01FR3O1M0 -S5T1A3T0E0-31500 

114. 00

*

*	- - - - - - - - - - - - 1-14 -. 00-

000831 

3/05/18 00051 

2/28/18   1A6Q8U0A2T2 IC  M2G0M1T80S2RV3C2S0 -F5E3B8 01 08 -47000 

1A6Q8U0A2T3 IC   20 180 2   300 - 131 0 0-10500 

2/28/18   168023	M2G0M1 T8 0S2RV3 C2S0 -F5E3B8 01 80-47000 
2/28/18	MGMT SRVCS FEB 1 8

110 . 00 

*

835. 00
335 .00

AQUATIC

APPLIED AQUATIC MANAGEMENT, INC .

*	- - - - - - - - - - -1 -,2 -80 -.0 -0   000832 

3/05/18 00007 

3/05/18 00001 

2/27/18   0 11 -0 00G6R0A- ND2 0R1E8S0E1RV3 E2 0P-K5W3 Y80 0-4 3100 
2/27/18   0 11 0-0 0G6R0A-ND2 0R1 E8 S0E2RV3E2 0P-K5W3Y800-43 100 
- - - - - - - - - - - - - - - - - -CI-TY  OF  BUNNELL 3/01/18   2M0A2NAGEMEN2T0 1F8E0E3 S3M1A0R- 51 81300-34000 
3/01/18   2 0IN2FO  TECH2N0O1L8O0G3Y3M1AR0 - 1581300-35100 
3/01/18   2O0F2 FICE  SU2P0P1L8 I0E3S 310-51300-51000 

*
*	- - - -
*
*

*

*

82 .9 6
63 .56
- - - - - - - - 1 -46 -. 52- 000833 
2, 500. 00
83 . 33 
. 12

3/01/18   2P0O2 STAGE
3/01/18   2C0O2 PIES

201803 310-51300-42000 
201803 310-51300-42500 
DRUN DEER RUN	BPEREGRINO

2. 82
39 . 75

AP3 00R	PAGE

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER CHECK REGISTER	RUN	5/14/18	3
***   CHECK  DATES  01 /17/2018   -   05/14/2018   ***	DBEANERK  ARUNDECEDRDRU-NGECNDEDRAL  FUND

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

VENDOR NAME

STATUS

AMOUNT

AM. • O. UN• CTHECK • • • . . 

DATE
3/14/18 00027 

3/01/18 203	201803 320-53800-12000	*

GRAND  RESERVE  D R  #ENTR

FIELD MANAGEMENT MAR18 

*

*

GOVERNMENTAL MANAGEMENT SERVICES 3/ 06/18   1 93 94 96 - 61   201 8 02   320 -5 3800 -43000 
3/06/18 32 999 -54 201802 320-53800-43000	* DECORATIVE LGTNG #OAKBRNC

*

3/06/18   6 81 05 80 8G-R2A1ND2 0R1E8S0E2RV3E2 0D-R5 3#8 E0N0T-43 000 

1,250 .00

105 . 09 
580 . 03
100. 06

#

3, 876 . 02 000834 

3/14/18 00042 

- - - - - - - - - - - - - - - - - -FL-ORIDA  POWER  &  LIGHT  COMPANY
3/01/18 204424	201803 320-53800-46000 

- - - - - - - - - - - -7 -85-. 1-8   000835 
5, 740 . 72

- - - -

LANDSCAPE MAINT - MAR18	YELLOWSTONE LANDSCAPE

- - - - - - - - - - -5-, 7-4 0-. 72-

000836 

3/15/18 00027 

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

8

0

5 2 2

1 

03 32

-5 3 00 -43000 

-

3/01/18  1   0 1  4	0  8	0

*	902 . 00

- - - -

STREET-LIG-HT-ING---MA-R-1 8 

- - -

-

- -FLORIDA POWER & LIGHT COMPANY

-

- - -9-02 -. 0 -0   000837

- - - - - - - - -

*

3/21/18 00027 

3/06/18 49 8 85 -9 1 2 0 1 8 02 320 -5 3 800-43000 

*	823 .60

- - -

- -

- - - - -4 1 0  GRAND-

- - -

R-ESERVE

D R  #B
-

- -FL-ORIDA  POWER  &  LIGHT  COMPANY

- - - - - - - - -

- - -8 -23 -. 6 -0   000838 

3/29/18 00042 

2/28/18   2C0U3 T4 3/R1MV  T2R0E1 E8S02LK3 2A0C-C5E3S8S00-46100 
2/28/18   2R0P3L4C88CAPA2C0I1T8O0R2 /R3E2L0A-Y53800-47200 
2/ 28/18   2R0P5L7C57GFI 2B0R1A8K0R2 /P3R2 E0 -SS5 3W8A0S0H-47200 
2/28/18   2M0T5H7L6Y0  FOU2N0T1A8 0IN2  M3N2T0 -F5E3B8 01 08-47200 

-

-

-

- -

-

2/28/18 205761	2 0 1 8 02 320 -53800-47200 

*	2, 514 . 00

*

782 .20

*

1, 168 . 13

*

506 . 00

- - - - - - - - -

267 .00

-

- - - -

RPL-C-DISC-HA-RGE-PIPE  F-TN

- -YELLOWSTONE LANDSCAPE

- -5 -,2-37-. 3 -3   000839 

4/04/18 00007 

4/04/18 00044 

3/28/18   0 1 -0 00G6R0A-ND2 0R1E8S0E2RV3E20P-K5W3Y800-43100 
3/28/18   0 11 -0 00G6RA0-ND2 0R1 E8S0E3RV3E2 0P-K5W3Y800-43100 
- - - - - - - - - - - - - - - - - -C-ITY  OF  BUNNELL 3/26/18   0P3O2 6ST2A0G1E8   201 87 0T3AX3 1B0-IL5L1S300-42000 
FLAGLER COUNTY TAX COLLECTOR
DRUN DEER RUN	BPEREGRINO

*	296 . 16

*

259 . 02

*

- - - - - - - -  - -	555 . 18 000840 
29 . 79
29 .7 9 000841 

A* P* 3* 00R	YEA*R* -*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	5/ 14 /18	PAGE	4

CHECK DATES 01 /17/2018 - 05/14/2018 

DBANEERK  RAUNDECERDDRU-NGECNDEDRAL  FUND

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

VENDOR NAME

4/04/18   00042	4/01/18   2L0A7N1D2S8CAPE2 0M1 A8 0IN4T3-2 0A-P5R318800-46000 

STATUS
*

AMOUNT	A• M• O• U. NCTHECK • • #• . . 5, 740 .72

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

- - - - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE

- - - - - - - - - - -5 -, 7-40-.72-

000842 

MANAGEMENT  FEES  APR18

4/05/18 00001	4/02/18 204	2 0 1 8 04 310 - 5 1300- 34000 
4/02/18 204	201804 310-51300-35100 
4/02/18   2 I0N4FO  TECH2N0O1L8O0G4Y3A1P0R- 51 81300-51000 

*	2,500. 00
*	83 .33
*	. 24

4/02/18 

OFFICE  SUPPLIES	*

2 P0 O4 STAGE

201804 310-51300-42 000 

3. 76
*

-

- - - - - - - - -

4/02/18 205	20 1804 320-53800-12 000	1,250. 00

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

FIELD MA
- - -

G-EMENT  APR18	GOVERNMENTAL  MANAGEMENT  SERVICES

- - - - - - - - - - -3-, 8-3 7-.3 -3   000843 

4/13/18   00051	3/31 /18   1A6Q8U6A2T6 IC  M2G0M1T80 3SRV3C2 S0-M5A3R8 01 08 -47000 

**	110. 00

AQUATIC  MGMTS  SRVCS  MAR18

3/31/18 
3/31/18 
- - - - - - - - - - - - -

168627	2 01 8 03 320 - 5 38 0 0 - 47000 

GOLF  COURSE  PORTION

168627	2 01 8 03 3 2 0 -53800-47000 
APPLIED AQUATIC MANAGEMENT , INC .

835 .00
*	335 . 00
- - - - - - - - - - -1 -, 2-8 0-. 0 -0   000844 

9 9  GRAND  RESERVE  D R  #ENTR

4/13/18 00027	4/05/18 1 3 4 96 - 6 1 2 0 1803 320 - 5 3800 -43000	*
4/ 05/18 3299 9-54 20 1803 320-53800-43000	*
4/ 05/18  6D8E5C8O8R-A2T1IV2E01L8G0T3NG32#0O-A5K3B8R0N0C-43 000	*
100 GRAND  RESERVE DR #ENT	FLORIDA POWER & LIGHT COMPANY

173 . 87 
581 . 13
116 .9 7
- - - - - - - - - - - -8 7-1 -. 9 -7   000845 

4/13/18 00027 

4/17/18 00035 

4/17/18 00044 

4/17/18 00027 

4/01/18 18001566 20 1804 320-53800-43000 

FY1 8 FLAGLER CTY D S 2 0 0 8

STREETLIGHTING - APR18	FLORIDA POWER & LIGHT COMPANY 4/16/18 041 6 2018 2 0 1804 300 - 207 0-10100 
DEER RUN CDD C/0 REGIONS BANK
3/31/18   0C3O3M1M2I0S1S8IO2N0S1 8D0U3E 300-207 00-10200 
- - - - - - - - - - - - - - - - - -FL-AGLER  COUNTY  TAX  COLLECTOR 4/05/18   4 9481 08 5G-R9A1ND2 0R1 E8 S0E3RV3E2 0D-R5 3#8B00-43000 
FLORIDA POWER & LIGHT COMPANY
DRUN DEER RUN	BPEREGRINO

*	902 . 00
- - - - - - - - - - - -9 0-2 -. 0 -0   000846 
*	9, 183.30
- - - - - - - - - - -9-, 1-83 -.3 -0   000847 
*	240.1 0
- - - - - - - - - - - -2-40 -. 1 -0   000848 
*	734 . 11
734 . 1 1 000849 

AP3 00R	PAGE

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER CHECK REGISTER	RUN	5/14/18	5
*** CHECK DATES  01/17/2018 - 05/14/2018 ***	DEER RUN CDD - GENERAL FUND

VENDOR NAME

#

BANK   A   DEER  RUN CDD

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

STATUS	AMOUNT	A. M• O• U. NCTHECK . . . . . 

4/25/18 00042

4/27/1B 00052 

4/27/1B 00042 

3/31/18   2R0P6L7C22FTN2F0I1LBT0E3R3 2@ 0E-N5T3R8N0C0E-47200 
- - - - - - - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE 2/15/ 1B   1R7 -&R1 5AB S5PHA2L0T1 BP0A2 TC3H2 0E-S5I3NB 0R0D-4 9000
- - - - - - - - - - - - - - - - -AL-L  TERRAIN  TRACTOR  SERVICE   INC
4/30/18   2A1N0N6U6A4 LS   2& 0S1O8 0IL4   3IN2 0ST-A5L3L800-46100 

*	224 .00

*

- - - - - - - - - - - -2-2 4-. 0-0   000850 1,700 . 00
- - - - - - - - - - -1 -,7 -00 -.0-0   00085 1

*

**	2,6 05 .00

4/30/18 21 0665	201 804 320-53800-47200 

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

4/30/1B   2Q1 0U6IC6K6  DRA2 0IN18 0IN4 ST3A2L0L-A5T3I8O0N0-4 7200 

230 .6 7
730 .67

5/02/18 00007

- - - -

CIRCULATION PUMP RPLCMT	YELLOWSTONE LANDSCAPE

- - - - - - - - - - -3 -, 5 -66 -. 3 -4   000852 

*

358 . 87

4/26/18   0 11 -0 00G6R0A-ND2 0R1 E8 S0E3RV3E2 0P-K5W3Y800 -43100 
4/26/18   0 10-0 0G6R0A-ND2 0R1 8E0SE4RV3E2 0P-KW5 3Y800-4 31 00

*	274 . 35

633 . 22 000853 

- - - - - - - - - - - - - - - - - -C-ITY  OF  BUNNELL

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

5/02/18 00004

5/02/1B 00042

4/25/18   9D9OBC54REPRO2D0U1CBT0I3ON31 0-513 00-31500 
- - - - - - - - - - - - - - - - - -HO-PPING  GREEN  &   SAMS
5/01/1B   2L1AN0 9D7S6CAPE2 0MA18 0IN5T3 2-0M-A5Y3 81080-46000 

*	- -

24 .75
- - - - - - - -	24 . 75 000B54 5, 740 . 72

*

5, 740 . 72 000855 

5/09/18 00001 

- - - - - - - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE 5/01/18 206	201805 3 1 0-5 1 300-34000

INFO  TECHNOLOGY  MAYl B

MANAGEMENT  FEES  MAY l B

5/ 01/18 2 0 6	201 B 05 310 -51300-35100 
5/01/18 206	201B05 31 0-51 300-51000 
5/01/1B   2O0F6 FICE  SU2P0P1L8 0IE5S 310-5 1300-42000

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

*

2,500 .00

*

83 . 33
.5 1

*

*	5. 34

POSTAGE
5/01/18   2C0O6 PIES

201805 310- 51300-42500 

*	. 60
1,250 .00

5/01/18 207	201805 320-53 800-12 000

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

- - -

FIELD MANAGEMENT MAY1 8	GOVERNMENTAL  MANAGEMENT SERVICES

- - - - - - - - - - -3 -, 83-9 -. 7-8   000856 

5/11/18 0005 1

4/30/18   1A6Q9U2A8T0IC  P2L0A1N8 T04MA3 2IN0T-5A3P8R0 01 -8 47000 
DRUN DEER RUN	BPEREGRINO

*	110. 00

A*P* 3 00R	YEAR** -*TO-DATEDAEECCRORUNUTNSCPDADYA-BGLENEPRAELPAFIUDN/CDOMPUTER  CHECK  REGISTER	RUN	5/14/18	PAGE	6

CHECK DATES 01/17/2018 - 05/14/2018 

BANK A DEER RUN CDD

DATE

CHECK    VEND#	• . D. A• T• EINVOINCVEO• I• C• E• •   • Y• R. MEXOPENDPSTEDATCCOT.#. . SUB	SUBCLASS  VENDOR  NAME	STATUS

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

5/11/18 00047 

4/30/18 169281	201804 320-53800-47000 
4/30/18   1A6Q9U2T8 I1 C  PL2A0N1T80M4 A3IN2T0 -A5P3R8 0108-47000 
GOLF COURSE PORTION	APPLIED AQUATIC MANAGEMENT , INC .
4/26/18 95511	20 1804 320-538 00-4 7100 
4/26/18   9Q5T5R1L1 Y  IN2SP0E1C8 0T4ION3 2A0P-R5 318 00-47100 

*	835 .00
*	335 . 00

*

- - - - - - - - - - -1 -,2-8 0-. 0-0   000857 
750.00
V	750 . 00-

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

*

- -
5/11/18 00027 

QTRLY INSPECTION APR18	ENVIRONMENTAL SERVICES, INC .

*	- - - - - - - - - -

. oo 000858 

5/07/18   1 93 49 9G6R-A6N1D2R0E1S8E0R4VE3 2D0R-5#3E8N0T0R-43000 
5/07/18   3 2DE9C9O-R5A4 T1 IV2E01L8G0T4NG3 2#0O-A5K3B8R0N0C-43000 
5/07/18   6 81 05 088G-R2A1ND2 0R1 E8 S0E4RV3E2 0D-R5 3#8E0N0T-43000 
- - - - - - - - - - - - - - - - - -FL-ORIDA  POWER  &  LIGHT  COMPANY

173 .29

*

581 . 13
73 .3 8
*	- - - - - - - - - - - -8-27 -.8 -0   000859 

5/11/18 00027 

5/ 11 /18 00042 

5/01/18   1 S8T0R0E1E5T9L0 IG2H0T1 I8N0G5   -3 2M0A-Y5 31 8   0 -43000 
- - - - - - - - - - - - - - - - - -FL-ORIDA  POWER  &  LIGHT  COMPANY
4/30/18   2F1O0U6N3T9AIN2M0A1 8IN0T4  A3P2R0 -1 853800-47200 

902. 00

*

- - - - - - - - - - - -9-02 -. 00-
*	506 .00

000860 

4/30/18   2F1O0U8N2T4AIN2M0A1 8IN0T3   -3 2M0A-R5 31 8

0 -47200 
YELLOWSTONE LANDSCAPE
TOTAL FOR BANK A TOTAL FOR REGISTER

506 . 00

89, 858 . 07
89 , 858.0 7

1,012 . 00 000861 

DRUN DEER RUN	BPEREGRINO

N 2

SECTIO

•	•	•	•

•	•

••• 

••

Ce·=·· ·=•·

•	4,	•	•	•

Deer Run
Community Development District
Unaudited Financial Reporting April 30, 2018

G�S

-

Govemmental Manag.ment Semces

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

Balance Sheet

General Fund

Settlement Monitoring Fund

Debt Service Fund

Capital Projects Fund

Month to Month

Long-Term Debt

Assessment Receipt Schedule

ASSETS
CASH INVESTMENTS
RESERVE REVENUE CONSTRUCTION
DUE FROM CAPITAL DUE FROM OTHER
TOTAL ASSETS

----------

LIABILITIES

DEER RUN 
COMMUNITY DEVELOPMENT DISTRICT
COMBINED BALANCE SHEET
For The Period Ending April 30, 2018
GOVERNMENTAL FUND SETTLEMENT
GENERAL	MONITORING	DEBT SERVICE
$40,790	$19,500	----------

----------	$21,210

----------

-----------

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

---------	--------	$21--5-,81--6--
$--3--,8--9--8--	----------	----------
$44,688	$19,500	$237,026

TOTALS
(memorandum only)
CAPITAL PROJECTS	2018
--------	$60,290
----------	$21,210
-------	$215,816

----------	$3,898

---$--1-0--7--	$107
$0
$107	$301,321

ACCOUNTS PAYABLE DUE TO GENERAL FUND
ACCRUED INTEREST PAYABLE ACCRUED PRINCIPAL PAYABLE
FUND EQUITY
FUND BALANCES UNASSIGNED

$--3-,7-7-8-	---$-7-5-0-·
-------

----------

---------	$4,528

--------·-	-------
-----------	$4,009,606
$700,000	----------	$4,009,606
$700,000	

$40,910	
$18,750	
($4,472,580)	
($3,790)	
($4,416,711)	

$--3--,8--9--8- 1.	$3,898

IToTAL LIABILITIES & FUND EQUITY

$44,688	$19,500	$237,026

$107	$301,321 1

$3898.00 DUE FROM NEW BONDS 2017 CAPITAL PROJECTS

$29

$4,147

($453)

$840

Deer Run
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures For The Period Ending April 30, 2018

REVENUES:	
BUDGET	PRORATED BUDGET THRU 4/30/18	ACTUAL THRU 4/30/18	
VARIANCE	
ASSESSMENTS/TRUSTEE CONTRIBUTIONS	$182,971	$182,971	$160,309	($22,662)	
GOLF COURSE LAKE MAINTENANCE CONTRIBUTIONS	$4,800	$4,800	$2,455	($2,345)	
TOTAL REVENUES	$187,771	$187,771	$162,764	($25,007)	
EXPENDll\JRES:					
ADMINISTRAnVE					
SUPERVISOR FEES	$4,000	$2,000	$1,000	$1,000	
FICA EXPENSE	$306	$61	$61	$0	
ENGINEERING	$3,550	$2,071	$225	$1,846	
DISSEMINATION	$2,500	$2,500	$2,500	$0	
ATTORNEY	$20,000	$11,667	$4,426	$7,241	
ANNUAL AUDIT	$3,270	$0	$0	$0	
TRUSTEE FEES	$3,500	$0	$0	$0	
ARBITRAGE	$600	$0	$0	$0	
ASSESSMENT ROLL	$2,500	$2,500	$2,500	$0	
MANAGEMENT FEES	$30,000	$17,500	$17,500	$0	
INFORMATION TECHNOLOGY	$1,000	$583	$583	$0	
TELEPHONE	$100	$58		$29	
POSTAGE	$600	$350	$117		
INSURANCE	$8,141	$8,141	$7,401	$740	
PRINTING & BINDING	$800	$467	$265	$201	
TRAVEL PER DIEM	$500	$292	$188	$103	
LEGAL ADVERTISING	$500	$292	$0	$292	
OTHER CURRENT CHARGES	$800	$467	$252	$214	
OFFICE SUPPLIES	$150	$88	$13	$75	
DUES, LICENSE, & SUBSCRIPTIONS	$175	$175	$175	$0	
TOTAL ADMINISTRA nvE	$82,992	$49,211	$37,236	$11,975	
MAINTENANCE					
FIELD MANAGEMENT ELECTRIC	$15,000
$23,000	$8,750
$13,417	$8,750
$14,432	so
($1,015)	
WATER & SEWER
LANDSCAPE MAINTENANCE	$5,200
$37,800	$22,050	$40,185	($1,113)
($18,135)	
LANDSCAPE CONTINGENCY	$6,000	$3,500	$5,119	($1,619)	
LAKE MAINTENANCE	$17,000		$10,370		
WATER FEATURE MAINTENANCE	$0	$0	$6,869	($6,869)	
IRRIGATION REPAIRS	$2,000	$1,167		$327	
CONTINGENCY	$570	$333	$1,708	($1,376)	
TOTAL MAINTENANCE	$106,570	$62,166	$92,420	($30,254)	
TOTAL EXPENDITURES	$189,562	$111,376	$129,656	($18,279)	
EXCESS REVENUES (EXPENDITURES)	($1,791)				
FUND BALANCE · BEGINNING	$1,791		$7,801		
FUND BALANCE · ENDING	$0		$40,910		
	
2				

DEER RUN
COMMUNITY DEVELOPMENT DISTRICT

SETTLEMENT MONITORING FUND
Statement of Revenues & Expenditures For The Period Ending April 30, 2018

	SETTLEMENT MONITORING	PRORATED BUDGET	ACTUAL		

REVENUES:	BUDGET	THRU 4/30/lB	THRU 4/30/18	VARIANCE	
ENVIRONMENTAL MITIGATION CREDIT	$0	$0	$0	$0	
TOTAL REVENUES	$0		$0	$0	

EXPENDITURES:					
PERMIT MONITORING	$0	$0	$5,050	($5,050)	

TOTAL EXPENDITURES:	$0	$0	$5,050	($5,050)	
EXCESS REVENUES (EXPENDITURES)	$0		($5,050)		
FUND BALANCE · BEGINNING	$23,800		$23,800		
FUND BALANCE · ENDING	$23,800		$18,750		

3

DEER RUN
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND
Statement of Revenues & Expenditures For The Period Ending April 30, 2018

REVENUES:

ASSESSMENTS · TAX COLLECTOR ASSESSMENTS · SPE (FORBEARANCE) INTEREST
OTHER REVENUE SOURCES

TOTAL REVENUES

EXPENDITURES:

INTEREST EXPENSE 11/01 PRINCIPAL EXPENSE 05/01 INTEREST EXPENSE 05/01

TOTAL         EXPENDITURES EXCESS REVENUES (EXPENDITURES) FUND BALANCE · BEGINNING
FUND BALANCE · ENDING

DEBT SERVICE	PRORATED BUDGET
BUDGET	THRU 4/30/18

$13,942	$13,942
$681,361
$0
$3,185	$1,858

$698,488	$15,800

S281,744	$281,744
S135,000	$0
S281,744

$698,488	$281,744

$0
$0

$0

4

ACTUAL THRU 4/30/18

$138,319
$0
$798
$0

$139,118

$308,431
so so
$308,431 ($169,314)
($4,303,266)

($4,472,580)

VARIANCE

$124,377

$798 ($1,858)

$123,318

($26,688)
so so
($26,688)

DEER RUN
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND • SERIES 2008
Statement of Revenues & Expenditures For The Period Ending April 30, 2018

CONSTRUCTION FUND BUDGET

PRORATED BUDGET THRU 4/30/18

ACTUAL THRU 4/30/18

VARIANCE

REVENUES:

INTEREST

TOTAL REVENUES EXPENDITURES:
CAPITALOUTLAY

TOTAL EXPENDITURES

FUND BALANCE · BEGINNING

FUND BALANCE · ENDING

$0	$0

$0	$0

$0	$0

$0	$0

$0
$0

$1	$1

$1	$1

$0	$0

$0	$0

{$3,791)

($3,790)

5

REVENUES;

Deer Run
Community Development District
OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEPT	TOTAL

$335

ASSESSMENTS/TRUmE CONTRIBUTIONS	$71,424	$0	$36,106	$197	$D	$50,000	$2,582	$0	$0	$0	$0

$160,309

GOLF COURSE LAKE MAINTENANCE CONTRIBUTION	$780	$33S

$0	$670	$0	$0	$0

$0	$0	$2,455

h6�164I

TOTAL REVENUES	I	m:m-	�135	�36,441	m2	lo	Jso,610	J'.2,5B2	lo	lo	lo	lo	lo
EXPENDITURES:

ADMINISTRA11VE

SUPERVISOR FEES	$1,000	so	$0	so	$0	$0	so	$0	so	$0	$0	$0	$1,000

FICA EICPENSE	$61	$0	so	so	$0	$D	$0	so	so

so	so	$61

ENGINEERING	$0	$0	$0

so	$0	$0	$0	so	$0	$0	$0	$22S

$0	$0	$0	$0	$0	$0	$0	$0	$2,500

$0	$0	$0	$0	$0	$0	$4,426

DISSEMINATION	$2,500	$0	$0	$D
ATTORNEY	$4,169	$118	$0	$114	$0	$25
ANNUAL AUDIT	$0	$0	$0	$D	$0	$0	$0	$0	so	$0	$0	$0	$0

so

ARBITRAGE	$0

so	$D	so	$0	$0	$0	$0	$0	so	$0	$0

TRUSTEE FEES
ASSESSMENT ROU	$2,500

$0	$0

$0	$0	$0	$0	so	$0	$0	$0	$0
$0	so	$0	$0	$0	$0	$0	$0	$2,500

$83

$83

MANAGEMENT FEES	$2,500	$2,500

$2,500	$2,500	$2,500	so	$0	$0	$0

$0	$0	$0	$0	$0	so

COMPUTER TIME	$83
TELEPHONE

$83	$83	$83	$83	so

$3

$0	$0	$0	$0	$0	$0	$0	$0	so

$2,500

POSTAGE

$5	$11

$33	$4	$0	$D	so	$0	$0	$117

$73

INSURANCE	$7,401	$0	$0	$0	$0	$0	$0	$0	$D	$0	$0	$D	$7,401

PRINTING & BINDING

$1	$6

$40

$0	$0	so	$0	$0	$265

TRAVEL PER DIEM	$188	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$188

LEGALAOVERTtSING	$0	$0	$0	$D	$0	$0	$0	$0	so	$0

$0	so

OTl<ERCURRENTCHARGES	$24

$23	$15	$88	$36	$40	$D	$0	$0	$0	$0

$175

OFFICE SUPPUES	$2	$8	$1	$0	$1	$0	$0	$0	$0	$0	$0	$0	$13

$175
$37,2361

DUES, LICENSES & SUBSCRIPTIONS

so	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

TOTALAOMINlmlATJVE	I	$'2(U6S	$2,786	$2,619	$2,947	$�"4	$2,717	$2,627	$0	$0	$0	$0	$0
MAINTENANCE

Fino MANAGEMENT

$1,250	$1,250

$1,250	$1,250	$1,250	$0	$0	$0	$0	$0

ELECTRIC	$2,138	$1,806	$1,789	$1,951	$2,511

$1,730	$0	$D	$0	$0	$0	$14,432

$5,741

$5,741

$5,741

WATER & SEWER	$564	$754

$360	$618	$274	$0	$0	$0	$0	$0	$4,147

LANDSCAPE MAINTENANCE

LANDSCAPE CONTINGENCY	$0	$0	$0	so	$2,514	$0	$2,605	so	so	$0	$0	so	$5,119

WATER  FEAnJRE  MAINTENANCE	$0	$0	so	$1,948

$730	$1,467	$0	$0	$0	$0	so	$6,869

LAKE MAINTENANCE	$2,690	$1,280	$1,280	$1,280

$1,615	$1,280	$0	$0	$0	$0	so	$10,370

$5,741	$5,741	$5,741	$D	$0	$0	so	$0	$40,185

IRRIGATION REPAIRS

so	$0	so	so	so	$0	so	so	so	$0	so

$840

CONTINGENCY	so	$8	$0	$0	$1,700	$0

$0	so	$0	$0	$0	$0	$1,708

TOTAL MAINTENANCE	I	$13,222	$10,840	$11,083	$12,722	$17,744	$12,462	$14,347	$0	$0	$0	$0	$0	s92,4201

TOTAL EXPENDITURES	I	$33,988	$13,626	$13,702	$15,669	$20,518	$151179	$16,975

$0	$0	$0	$0	£129,6561

exass RMNUES {EXPENDmJRES)	I	$38,21Ei

$22,739

1$20,518)	$35,491	{$14,393!	$0	$0	$D	$0	$0

6

INTEREST RATE: MATURITY DATE:

Deer Run Community Development District
LONG TERM DEBT REPORT
SERIES 2008, SPECIAL ASSESSMENT BONDS
7.625%
5/1/2039

RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT RESERVE FUND BALANCE
BONDS OUTSTANDING - 9/30/13 LESS: PRINCIPAL PAYMENT 5/1/14 LESS: PRINCIPAL PAYMENT 5/1/15 LESS: PRINCIPAL PAYMENT 5/1/16 LESS: PRINCIPAL PAYMENT 5/1/17 CURRENT BONDS OUTSTANDING

MAXIMUM ANNUAL DEBT SERVICE
$717,981
$21,,210
$8,090,000
$0
$0
$0
$0
$8,090,000

7

DEER RUN
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS - FY2018 TAX COLLl;CTOR

Date
Received	Check#
1 2/8/1 7	55471
1/8/1 8	55520
4/1 7/18	56141

Totals

Gross Assessments Received

$s	91 7.63     $

$	1 67,897.51  $
1 2,005.09    s
$	$

$	1 80,820.23   $

2008

Gross Assessments $	191,320	$	41,983	$	149,337	
Net Assessments $	179,841	$	39,464	$	140,377	

Discounts/	Commissions	Interest	Net Amount	General Fund Debt Svc Fund Penalties		Paid	Income		Received		21.94%	78.06%

s

$	3,357.95   $	$  1 64,539.56   $   36,1 06.27    $  1 28,433.29
$	18.35   $	$	899.28    $	1 97.34	701 .95
$	240.10   $	$ 1 1  ,764.99   $	2,581 .69   $	9,183.30
$	$	$	$	$

$	3,61 6.40    $	$ 177,203.83  $ 38,885.29 $ 1 38,31 8.54

Total
100%

$ 1 64,539.56
$	899.28
$ 11 ,764.99
$

$ 1 77,203.83

DIRECT ASSESSENTS

DR HORTON INC- ,ACKSONVILLE	$695,271.22	$142,848.12	$552,423.09

DATE RECEIVED	DATE DUE	Check Num	NET AMOUNT ASSESSED	NETAMOUNT RECEIVED	GENERAL FUND	SERIES ZOOB	Total	
1 0/23/1 7	10/1/17	656522	$173,817.80	$35,712.03	$35,712.03	$0.00	$35,712.03	
1 0/23/1 7	1/1/18 	656522	$173,817.80	$35,712.03	$35,712.03	$0.00	$35,712.03	
3/27/1 8		724093	$173,817.80	$50,000.00	$50,000.00	$0.00	$50,000.00	
	7/1/18		$173,817.80	$0.00	$0.00		$0.00	
			$695,271,20	$121,424.06	$121,424.06	$0.00	$121,424.06	
TOTAL ASSESSMENTS $ 160,309.35 $ 138,318.54 $ 298,627.89

8

ON 3

SECTI

Kaiti Lenhart _. FLAG LER cou NTY su PERv1 soR oF ELEcT10Ns
1769 E. Moody Boulevard , Building 2, Su ite 101 . PO Box 901 :, Bunnell, Florida 32110-0901 
Phone (386) 313-4170	Fax (386) 313-4171	www. FlaglerElections.com 

April 1 6, 2018 

Lauren Vanderveer Deer Run CDD
135 W. Central Blvd, Suite 320
Orlando, Florida 32801 
Phone: 407-841 -5524

BY: -------------

Lauren Vanderveer:
Per your request, in accordance with the requirements of Chapter 1 90(3) (a) (d), the total number of registered voters for the Deer Run Community Development District as of April 1 5, 2018 is 38.
If you have any questions or require any further assistance, please contact this office. Sincerely,

Katti Lenhart Supervisor of Elections Flagler County, Florida

SECTION 4

INSTRUCTIONS

At the Board meeting, when the landowner's election is announced, instructions on how landowners may participate in the election, along with a sample proxy, shall be provided.

At a landowners meeting, landowners shall organize by electing a chair who shall conduct the meeting. The chair may be any person present at the meeting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions.

Nominations are made from the floor.
After all nominations are made, a ballot is distributed and votes are cast
Each landowner is entitled to one vote for each acre he owns or portion of an acre.

SAMPLE AGENDA

Determination of Number of Voting Units Represented
Call to Order
Election of a Chairman for the Purpose of Conducting the Landowners Meeting
Nominations for the Position of Supervisor
Casting of Ballots
Ballot Tabulation
Landowners Questions and Comments
Adjournment

LANDOWNER PROXY LANDOWNERS MEETING - November 15, 2018
DEER RUN COMMUNITY DEVELOPMENT DISTRICT FLAGLER COUNTY, FLORIDA
NOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder
for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Deer Run Community Development District to be held at 3:00 p.m. at the Government Services Building, 1769 E. Moody Blvd., Bunnell, FL 32110 on November 15, 2018, andat any continuances or adjournments thereof, according to the number of acres ofunplatted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter orthing which may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.
Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Printed Name of L andowner
(or, ifapplicable, unauthorized representative of Landowner)

Signature of Landowner or Landowner Representative

Parcel Description

Date

Acreage	Authorized Votes*

[Legal Description on Following Pages]
Total Number of Authorized Votes:
*Pursuant to section 1 90.006(2)(b), Florida Statutes (2008), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.
Please note that a particular real property is entitled to only one vote for each eligible acre of land or fraction thereof; two (2) or more persons who own real property in common that is one acre or less are together entitled to one vote for that real property. If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.) If more than one parcel, each must be listed or described.

SECTION 5

This item will be provided under sepa.. rate cover