Indigo East Community Development District

Agenda August 20, 2019

AGENDA

Indigo East
Community Development District

135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524- Fax: 407-839-1526

August 14, 2019

Board of Supervisors Indigo East Community Development District

The Board of Supervisors of the Indigo East Community Development District will meet on Tuesday, August 20, 2019 at 9:00 a.m., or as shortly thereafter as reasonably possible, at the Circle Square Commons, Cultural Center, 8395 SW 8Qth Street, Ocala, Florida 34481. Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Approval of Minutes of May 21, 2019 Meeting
Tally of Audit Committee Members Rankings and Selection of an Auditor
Adjournment

Board of Supervisors Meeting
I.	Roll Call
IL	Public Comment Period
Notice for Meeting
Approval of Minutes of the May 21, 2019 Meeting
Public Hearing
Consideration of Resolution 2019-06 Adopting the Fiscal Year 2020 Budget and Relating to the Annual Appropriations
Consideration	of	Resolution   2019-07  Imposing  Special	Assessments and Certifying an Assessment Roll
Review of Proposals and Selection of Firm to Provide Retention Pond and Landscape Services for Indigo South
Acceptance of Audit Committee Recommendation and Selection of #1 Ranked Firm to Provide Auditing Services for Fiscal Year 2019
Staff Reports
Attorney
District Manager
Approval of Check Register
Balance Sheet and Income Statement
Approval of Fiscal Year 2020 Meeting Schedule
Presentation of Arbitrage Rebate Calculation report
Other Business
Supervisors Requests
Adjournment

The second order of business of the Audit Committee Meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as

reflected on the agenda, and any other items. The third order of business is the approval of the minutes from the May 21, 2019 meeting. The minutes are enclosed for your review. The fourth order of business is the tally of the audit committee members rankings and selection of  an auditor . Rankings from all audit committee members will be tallied at the  meeting to develop an overall audit committee ranking. The RFP responses have been provided separately and the tally sheet has been enclosed in your agenda package.

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

Enclosed under the third order of business is the affidavit of publication associated with the public notice for this meeting.

The fourth order of business is the approval of the minutes from the May 21, 2019 meeting. The minutes are enclosed for your review.

The fifth order of business opens the public hearing. Section A is the consideration of the Resolution 2019-06 adopting the Fiscal .Year 2020 budget and relating to the annual appropriations. A copy of the resolution is enclosed for your review. Section B is the consideration of Resolution 2019-07 imposing special assessments and certifying an assessment roll. A copy of the resolution is enclosed for your review and the assessment roll will be available at the meeting.

The sixth order of business is review of proposals and selection of firm to provide retention pond and landscape services for Indigo South. Copies of the proposals are enclosed for your review.

The seventh order of business is acceptance of Audit Committee recommendation and selection of #1 ranked firm to provide auditing services for Fiscal Year 2019. There is no back-up.

The eighth order of business is Staff Reports. Section 1 of the District Managers Report includes the check register for approval and Section 2 includes the balance sheet and  income statement for your review. Section 3 is approval of Fiscal Year 2020 meeting schedule, a sample notice is enclosed for your review. Section 4 is presentation of arbitrage rebate calculation report. A copy of the report is enclosed for your review.

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

Sincerely,

George S. Flint District Manager

Cc:	Gerald Colen, District Counsel Ken Colen, On Top of the World
Guy Woolbright, On Top of the World Lynette Vermillion, On Top of the World Darrin Mossing, GMS

A UDIT C OMMITTEE M EETING

SECTION Ill

MINUTES OF MEETING INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Board of Supervisors of the Indigo East Community Development District was held on Tuesday, May 21, 2019 at 9:16 a.m. at the Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, Florida 34481.

Present were:

John Gysen Frank DiPiero Terry Solan Donald G. Barnes George Flint Rachel Wagoner
Lynette Vermillion Philip Hisey Robert Stepp

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the roll, Mr. Brouillard is absent, the above listed Board Members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: This is an opportunity for any members of the public to provide comment to the Board about the Audit Committee. Hearing none, we will move on to the next item.

TIDRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Mr. Flint: In front of you, you have the bid document we are proposing to use. This is a standard document that the Board has used in the past. It indicates that the responses are due no later than August 2nd at 2:00 p.m. This would be placed on your August Board agenda if there were responses. The selection criteria are laid out in the statute, the only flexibility you have is whether you include price. We always recommend you do include price as part of the criteria

May 21, 2018	Indigo East CDD

because it is competitive from a pricing perspective. Are there any questions? Hearing none, I would ask for a motion to approve.

On MOTION by Mr. DiPiero, seconded by Mr. Solan, with all in favor, the Request for Proposals and Selection Criteria, was approved.

Approval of Notice of Request for Proposals for Audit Services
Mr. Flint: You have the notice that is going to be placed in the Ocala Star Banner. In addition to this notice, we mail out letters to the five or six firms that provide the vast majority of these audits to ensure we get responsive bids.

On MOTION by Mr. Solan, seconded by Mr. Gysen, with all in favor, the Notice of Request for Proposals for Audit Services, was approved.

FOUTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Barnes, seconded by Mr. Solan, with all in favor, the meeting was adjourned.

Secretary I Assistant Secretary	Chairman / Vice Chairman

2

SECTION IV

lllllllao East COD Audllar S.lalltian	-	

-	
	
Ability of Personnel
120 ptsl	
Proposer's Exoerience {20 otsl			
Total Points Earned	
Ranking
C1 beina hiahestl	
			Understanding of Scope of Work {20 otsl	Ability to Furnish the Reaulred Services C20 ots\	
Price {20 otsl			

Grau & Associates					
-- -- --

2019 - $3,500
2020 - $3,600
2021 - $3,700			

Berger, Toombs, Elam, Gaines & Frank					
L	-·-·
2019 - $3,215
2020 - $3,215
2021 - $3,305
2022 - $3,305
2023 - $3,420			

BOARD OF SUPERVISORS M EETING

SECTION Ill

PROOF OF PUBLICATION
STAR-BANNER
Published-Daily
OCALA; MARION COUNTY, FLORIDA
STATE OF FLORIDA,

'?t';J +­

COUNTY OF MARION
Before the undersigned authority personally appeared CJ:5-b-tJ,,,e;t_.)'7
who on oath says that she is anauthorizedemjo:xee of the Star-Banner, a daily newspaper published at Ocala, in Marion County, Florida; that the attached copy of advertisement being a ndi o East Communi Development.
Affiant further says that the said STAR-BANNER is a daily newspaper published at Ocala, in said Marion County, Florida, and that the said newspaper has heretofore been continuously published in said Marion County, Florida, daily, and has been entered as second class mail matter at the post office in Ocala, in said Marion County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper.

Sworn to and subscribed  before me this ;J 	Day of A\€)0. 019

\    ~JmJ

i-:;:-l, ;nt

Notary Public	·· ·· 7 · · .·. , ·
HARMONY STALTER

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(Print Type or Stamp Name ofNotary Public) OSB064702	Date July 26, 2019 & August 2, 2019

,:,.,.	HAR't:.iNV STALTER	.·..·. .

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.No tary  Puo 1c'  •   Stat, ol Aorll.lt. .   ·.
Commlss,on f FF 95'6448	.

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Indigo Eaat COD

- -

AFFIDAVIT OF PUBLICATION

Star-Banner
Published - Daily Ocala, Marion County, Florida

STATE OF FLORIDA COUNTY OF MARION
.
,..,.- .- ·-·ersigned, a Notary Public of Said County and State,

_ _ _

_ 	. ._

   . ·_· __

_  _	who on oath says that they are an authorized

employee of the . tar-Banner, a daily newspaper published at Ocala, in Marion County, Florida; that the attached copy of advertisement, being a notice in the matter of
INDIGOEAST COMMUNITY   DEVE"LOPMENT  DISTRICT REQUEST FOR
PROPOSALS FOR ANNUAL AUDIT SERVICES The IndigQ East Community
Development Disttict hereby requests proposals for annual financial auditing services.
The proposal must provide for the auditing of the

was published in said newspaper in the issues of:

7119 lx

Affiant further says that the said STAR-BANNER is a daily newspaper published at Ocala, in said Marion County, Florida,  and that the said newspaper has heretofore been continuously published in  said  Madon  County,  Florida, daily, and has been entered as second class mail matter at the post office in  Ocala in said Marion County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation  any  discount, rebate, commission or refund for the person of securing this advertisement for publication  in the said newspaper;..	·

Sworn to and subscribed before me this L day ft' • A.D., 20.fl

(Print, Type or'Stamp Name of'No11cy Pulilfc)

HARMONY ·st	-·

Ad#: A000955803

SECTION IV

MINUTES OF MEETING INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Indigo East Community Development District was held on Tuesday, May 21, 2019 at 9:00 a.m. at the Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, Florida 34481.

Present and constituting a quorum were:

John Gysen Frank DiPiero Terry Solan Donald G. Barnes

Chairman
Vice Chairman Assistant Secretary Assistant Secretary

Also present were:

George Flint Rachel Wagoner Lynette Vermillion Philip Hisey Robert Stepp

District Manager District Counsel
On Top of The World Communities On Top of The World Communities On Top of The World Communities

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the roll, Mr. Brouillard is absent, the above listed Board Members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: This is an opportunity for any members of the public to provide comment to the Board on anything on the agenda or not on the agenda that you'd like to bring to the Board's attention. Hearing none, moving to the next item.

TIDRD ORDER OF BUSINESS	Notice of Meeting
Mr. Flint: The notice of the meeting was provided to you in your agenda packet. It was advertised in the Ocala Star Banner.

May 21, 2018

FOURTH ORDER OF BUSINESS

Organizational Matters

Indigo East CDD

A.	Administration of Oath of Office to Newly Appointed Supervisor
Mr. Flint: Mr. DiPiero was elected to the Board but was not at the last meeting, so we need to administer the oath now. Mr. DiPiero, as a citizen of the state of Florida and of the United States of America and as an officer of the Indigo East Community Development District and a recipient of public funds as such officer, do you hereby solemnly swear or affirm that you will support the Constitution of the United States and of the state of Florida?
Mr. DiPiero: I do.
Mr. Flint: If you would print your name at the top and then sign where it says Board Supervisor, I can notarize that for you.

FIFTH ORDER OF BUSINESS	Approval of Minutes of the February 19,
2019 Meeting
Mr. Flint: Did the Board have any comments or corrections to the minutes? Hearing none, is there a motion to approve them?

On MOTION by Mr. DiPiero, seconded by Mr. Solan, with all in favor, the minutes of the February 19, 2019 meeting, were approved as presented.

SIXTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year
2018 Audit Report
Mr. Flint: As a governmental entity, the CDD is required to have an annual independent audit. You selected Grau & Associates to perform those services. The audit is required to be filed with the state of Florida by the end of June each year. If you look at page 29, which is the report to management, you will see that there are no current or prior findings in recommendations. They found that we've complied with the provisions of the auditor general of the state of Florida that they are required to review. It is a clean audit. If there are any questions we can discuss them. If not, I'd ask for a motion to accept the audit.
Mr. Barnes: George, I just had a question on the notes on page 21, Note 8 on Developer Transactions. Basically, that's no longer true, is it? If I'm understanding this correctly, this is for the past year and it was true in the past year. For the future, it will no longer be true.

2

May 21, 2018	Indigo East CDD

Mr. Flint: Well, once he sells all of his lots. But he still even now owns land in Indigo South. This will go away once he's sold his lots and he's out of the development. It's just a disclosure because of the concentration of assessment revenue. You've got one entity that's  paying an excessive. Usually the test is 10%, so if you've got one entity that's paying more than 10% of the revenue, there's some risk there if that one entity does not pay. So, they typically disclose that when you've got a developer. Any other questions? If not, is there a motion to  accept the audit and authorize it to be transmitted to the state of Florida?

On MOTION by Mr. Gysen, seconded by Mr. DiPiero, with all in favor, Review and Acceptance of Fiscal year 2018 Audit Report, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-05
Approving the Proposed Fiscal Year 2020 Budget
Mr. Flint: This is the resolution that the Board adopts each year approving a proposed budget and setting the date, place, and time of the public hearing for its final consideration. CDD's under Chapter 190 are required to approve a proposed budget by June 15th of each year. The proposed budget is required to be transmitted to the local government. In this case it would be Marion County. They have the ability to review and comment; they have no approval authority. We have not received any comments on the budgets, but it is a requirement that that be done at least 60 days before your public hearing. We're suggesting the  August  20th,  2019 meeting at 9:00 a.m. at this location for the public hearing. Exhibit A to the resolution is the proposed budget, it did go out under separate cover. I gave a heads up at the last meeting that there would be a potential increase in the per unit assessment amount as a result of taking on the maintenance of the Indigo South portion of the development. You can see that the budget on the expense side is relatively flat for administrative expenses. Maintenance expenses are flat with the exception of the right of away maintenance  line item. That line item is proposed to increase from
$88,975 to $158,676. Again, the main reason for that is taking on the landscape maintenance for Indigo South. The residents have had the benefit of all 705 units paying the annual assessments the whole time, even when Indigo South was not developed. So, you had a fixed denominator of 705 units, but the numerator is not going up. The math is requiring that the per unit amount increase. Whenever there is a proposed  increase,  we are required to do some additional noticing

3

May 21, 2018	Indigo East CDD

which also includes a mailed notice to all the homeowners within the District advising them of the proposed increase and the date, place and time of the public hearing. You can always go down from whatever number is in that mailed notice at the public hearing, but you can't  go above it. This number is an estimate right now; we believe it may be on the high side. If anything, it may come down a little bit but we're still evaluating that. The developer has engaged a landscape architect to identify the areas that split between the HOA and CDD so we can get a firmer price for maintenance starting October 1. In the absence of that, they've done the best they can to estimate what those costs would be. This is reflected in this document. Any questions on the proposed budget?
Mr. Gysen: The well maintenance, it went from $10,000 to $20,000.
Mr. Flint: That number could come down too. We were recommended to set $10,000 aside a year for each well in the event that maintenance is required, and there are two wells. We're going to review that. If the well motor or pump or a major item has to be replaced, you typically would fund that out of your Capital Reserve entities. So, that $10,000 per well may come down. The basis for that is $10,000 per well for any anticipated repairs. Also, we talked about the water expense going away once we put the two wells in, but there are two cul-de-sacs that are landscaped that are still irrigated with utility water versus the well.
Mr. Gysen: In Phase one or South?
Mr. Flint: The North Phase because they weren't able to be tied into the well. We still have at least 2 accounts out there. That's why you went from $0 to $2,500 in water expense. A We are going to relock at that number as well going into the public hearing in August. This is a proposed budget; you're not bound by this document or these numbers. The only issue would be if you approve this and we do a mailed notice, you can't go higher. We can always  reduce it. Any questions? Is there a motion to approve Resolution 2019-05?

On MOTION by Mr. Gysen, seconded by Mr. DiPiero, with all in favor, the Consideration of Resolution 2019-05 Approving the Proposed Fiscal Year 2020 Budget, was approved.

EIGHTH ORDER OF BUSINESS	Ratification of Work Authorization 2019-
01 with Dewberry Engineers, Inc.
Mr. Flint: Dewberry is the District's District Engineer and each year we are required under the trust indenture for the bonds to have the Engineer review all of the District's assets and

4

May 21, 2018	Indigo East CDD

do an inspection and provide a report annually. This task order is for $900. It's consistent with what the District has paid in the past. I had to execute it because the report was due to be able to finish the audit. So, I'm asking the Board to ratify that action. Any questions? Is there a motion to ratify?

On MOTION by Mr. Barnes, seconded by Mr. Gysen, with all in favor, Work Authorization 2019-01 with Dewberry  Engineers, Inc., was ratified.

NINTH  ORDER OF BUSINESS	Appointment of Audit Committee and
Chairman
Mr. Flint: As I indicated before when we were talking about the audit, the District is required to have an annual independent audit. You typically bid that out every 3 years. As part of that process the statutes require the Board to approve an Audit Committee. It's really an auditor's selection committee. The committee doesn't necessarily audit the District, but they are charged with bidding out the services and recommending to the Board the independent auditor to be selected. In the past the Board has appointed themselves as the Audit Committee and one of the Board Members as the Chairman. Although, you're not precluded from appointing a non-Board Member if you choose to do that. Really, the role of the Audit Committee is to approve the bid document that's used to bid the services out, the form of the notice that's put in the newspaper  and the selection criteria that are used to evaluate the responses. Once those responses come in, the Board reviews them against the evaluation criteria. We've advertised for an Audit Committee meeting immediately after the Board meeting in anticipation that the Board appoints themselves. However, if you appoint someone other than a Board Member, we can modify that ifwe need to. Any questions or discussion? Is the Board okay with appointing themselves? If so, is there a motion to appoint the Board as the Audit Committee?

On MOTION by Mr. Gysen, seconded by Mr. DiPiero, with all in favor, appointment of the Board of Supervisors as Audit Committee, was approved.

Mr. Flint: Then you need to designate a Chair of the Audit Committee. Mr. DiPiero: I designate Mr. Gysen.

5

May 21, 2018	Indigo East CDD

On MOTION by Mr. DiPiero, seconded by Mr. Solan, with all in favor, appointment of Mr. Gysen as Audit Committee Chairman, was approved.

TENTH ORDER OF BUSINESS
Attorney
There being none, the next item followed.

Staff Reports

District Manager
Approval of Check Register
Mr. Flint: You have the check register in your agenda packet from February 12th through May 14th totaling $54,401.63. The detailed register is behind the summary if the Board has any questions.

On MOTION by Mr. Solan, seconded by Mr. Barnes, with all in favor, approving the Check Register totaling, $54,401.63, was approved.

Balance Sheet and Income Statement
Mr. Flint:  You  have  the  unaudited  financial  statements  through  April  30th•     If you  have any questions, we can discuss those.

111.	Presentation of Number of Registered Voters-687
Mr. Flint: You have a letter from the Supervisor of Elections indicating there are 687 active registered voters within the District as of April 15th. It is a statutory requirement we announce that each year. There's no action required on that.

ELEVENTH ORDER OF BUSINESS
There being none, the next item followed.

TWELTH ORDER OF BUSINESS
There being none, the next item followed.

Other Business

Supervisors Requests

6

May 21, 2018

TIDRTEENTH ORDER OF BUSINESS

Adjournment

Indigo East CDD

On MOTION by Mr. DiPiero, seconded by Mr. Solan, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

7

SECTION V

SECTION A

RESOLUTION 2019-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the Indigo East Community Development District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget (the "Proposed Budget"), the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set August 20, 2019, as the date for a public hearing thereon and caused  notice  of  such   public   hearing   to   be  given   by   publication   pursuant   to   Section l 90.008(2)(a), Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1, of each year, the District Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period,  including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT;

Section 1.	Budget

That the Board of Supervisors has reviewed the District Manager's Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Records Office, and hereby approves certain amendments thereto, as shown  in Section 2 below.

That the District Manager's Proposed Budget, attached hereto as Exhibit "A," as amended by the Board, is hereby adopted in accordance with the provisions of

Section 190.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 2019 and/or revised projections for Fiscal Year 2020.

That the adopted budget, as amended, shall be maintained in the office of the District Manager and at the District’s Records Office and identified as “The Budget for Indigo East Community Development District for the Fiscal Year Ending September 30, 2020," as adopted by the Board of Supervisors on August 20, 2019.

Section 2.	Appropriations

There is hereby appropriated out of the revenues of the Indigo East Community Development District, for the fiscal year beginning October 1, 2019, and ending September 30, 2020, the sum of $ , to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 	,	

DEBT SERVICE FUND(S) – SERIES 2006B/2016	$ 	,	

TOTAL ALL FUNDS	$ 	,	

Section 3.	Supplemental Appropriations

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:

Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

Board may authorize an appropriation from the unappropriated balance of any fund.

Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than

$10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the Board of Supervisors. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

Introduced, considered favorably, and adopted this 20th day of August, 2019.

ATTEST:	INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary

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Indigo East
Community Development District
Proposed Budget
FY 2020

Table of Contents

1	 	General Fund

2-8	 	General Fund Narrative

 	Capital Reserve Fund

 	Debt Service Fund -  Series 2016

 	Amortization  Schedule - Series 2016

Indigo East
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
ASOF	PROPOSED
BUDGET	
DESCRIPTION	FY2019	7 / 31 / 19	2MONTHS	9 / 30 / 19	FY2020	

REVENUES:						
MAINTENANCE ASSESSMENTS	$195,929	$183,234	$12,695	$195,929	$259,837	
INTEREST	$200	$55	$10	$65	$0	
CARRY FORWARD	$12,658	$0	$0	$0	$0	
!TOTAL REVENUES	!208,787	!183,289	!12,705	!195,994	!259,8371	
EXPENDITURES;						
4Ql!UMSZ:&AIIJll:::						
SUPERVISOR FEE	$4,000	$2,400	$1,000	$3,400	$4,000	
FICA EXPENSE	$306	$138	$n	$214	$306	
ENGINEERING	$1,200	$900	$0	$900	$1,200	
TRUSTEE FEES	$2,050	$2,020	$0	$2,020	$2,050	
DISSEMINATION	$2,700	$2,283	$417	$2,700	$2,700	
ARBITRAGE	$600	$600	$0	$600	$600	
ASSESSMENT ROLL	$5,000	$5,000	$0	$5,000	$5,000	
ATTORNEY	$6,000	$4,500	$1,500	$6,000	$6,000	
ANNUAL AUDIT	$3,600	$3,700	$0	$3,700	$3,700	
MANAGEMENT FEES	$7,244	$6,037	$1,207	$7,244	$7,244	
INFORMATION TECHNOLOGY	$1,000	$2,808	$167	$2,975	$1,000	
TELEPHONE	$100	$0	$20	$20	$100	
POSTAGE	$1,500	$847	$278	$1,125	$1,500	
PRINTING & BINDING	$800	$239	$86	$325	$800	
INSURANCE	$6,100	$6,042	$0	$6,042	$6,650	
LEGAL ADVERTISING	$1,000	$220	$530	$750	$1,000	
OTHER CURRENT CHARGES	$700	$447	$83	$530	$700	
OFFICE SUPPLIES	$200	$87	$28	$115	$200	
PROPERTY TAXES	$35	$0	$0	$0	$35	
DUES, LICENSES, SUBSCRIPTIONS	$175	$175	$0	$175	$175	

!TOTAL ADMINISTRATIVE	
!44,310	
$38,443	! 51392	
!4 3,835	$44,960 I	
H41NfENANCE•
PROPERTY INSURANCE	

$550	

$358	
$0	

$358	

$400	
WATER EXPENSE	$0	$1,331	$319	$1,650	$2,500	
ELECTRIC EXPENSE	$25,432	$17,029	$3,706	$20,735	$25,432	
IRRIGATION REPAIRS	$3,000	$0	$500	$500	$3,000	
RETENTION PONDS/ROW MAINTENANCE	$106,995	$67,958	$11,078	$79,036	$163,045	
PLANT REPLACEMENT	$5,000	$0	$1,000	$1,000	$2,500	
TREE TRIMMING	$2,500	$0	$500	$500	$1,000	
PRESSURE WASHING	$6,000	$0	$1,000	$1,000	$4,000	
WELL MAINTENANCE/REPAIRS	$10,000	$0	$1,500	$1,500	$10,000	
CONTINGENCY	$5,000	$772	$2,500	$3,272	$3,000	
!TOTAL MAINTENANCE	!164,477	$87,448	! 2 103	$109,550	!214,8771	
ITOTAL EXPENDITURES	!208,787	!125,891	!27,495	!153,386	!259,8371	
IEXCESS REVENUES lEXPENDITURES!	l!O!	! S71398	l! 14 1790!	!4 2, 60 8	10 I	
ll2D1Z	EX2IWl	ll.2Q2Q
Net Assessments	$195,929	$195,929	$195,929	$259,837
Discounts & Collections (6%)   ! 12,506	! 12,506	! 12,506	! 16,585 
Gross Assessments	1 208, 435	! 208,435	1208,435	p76,423
Residential	 	705	705	705	618	

e1	

Total Units 	705	705	705	618	
Assessments per Unit 	1296	1296	1296	

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020

REVENUES:

Maintenance Assessments
The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the Fiscal Year.

Interest
The District receives interest earnings from its cash balance in the SunTrust
operating account.

EXPENDITURES:
Administrative;

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. This amount is based upon 5 Supervisors
attending 4 monthly meetings.
FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.
Engineering
The District's engineer will be providing general engineering services to the District, e.g., attendance and preparation for monthly meetings, reviewing invoices, and various projects assigned as directed by the Board of Supervisors. The District currently has an agreement with Dewberry Engineers Inc.
Trustee Fees
The District issued Series 2016 Special Assessment Refunding Bonds that are administered by a Trustee at US Bank.
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 currently contracted with Governmental Management Services - Central Florida, LLC.

2

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020
Arbitrage
The District has contracted with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the Series 2016 Special Assessment Refunding Bonds. The District has an agreement with Grau & Associates for this service.

Assessment Roll
Governmental Management Services - Central Florida, LLC serves as the
District's	collection	agent	and	certifies	the	District's	non-ad	valorem assessments with the county tax collector.

Attorney
The District's legal counsel will be providing general legal services to the
District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. The District currently has an agreement with Colen & Wagoner P.A.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.
Management Fees
The District receives Management, Accounting and Administrative services as
part of a Management Agreement with Governmental Management Services - Central Florida, LLC. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial 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.

3

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020

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

Insurance
The District's general liability & public officials liability insurance policy is with
Florida Insurance Alliance. The Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board
meetings, public hearings, etc. in a newspaper of general circulation. The District does most of its legal advertising with Ocala Star-Banner.

Other Current Charges
Includes bank charges and any other miscellaneous expenses that are
incurred during the year.

Property Taxes
The District pays annual property tax to the Marion County Tax Collector's
Office.

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 Economic
Opportunity for $175.	This is the only expense under this category for the District.

4

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020

MAINTENANCE;
Water & sewer
To record the water cost of irrigation charges to the common area. The .District
has the following accounts with Bay Laurel Center COD.

Address	Monthly	Annually	
80th Terrace Median	$50	$600	
82nd/78th Terrace Median	$100	$1,200	
77th Court Culdesac	$30	$360	
Contingency		$340	
		$2,500	

Electric Expense
To record the electric cost of street lighting and pumps for wells. The District has the following account with Sumter Electric Cooperative, Inc. (SECO).

Description	Monthly	Annually	
Streetlighting	$1,636	$19,632	
Well Pumps	$400	$4,800	
Contingency		$1 000	
TOTAL		$25,432	

Irrigation Repairs
To record the cost of various repairs that may be needed to the irrigation
system.
Retention Ponds/ROW Maintenance
The District has contracted with Sharp Sites Services, LLC to provide the
following services:

Turf Maintenance
A. Turf areas unless otherwise specified will be mowed on a weekly basis in the growing season (April through October). During months not specified in the growing season (November through March) the turf will be mowed at least twice a month unless abnormal conditions arise. Typical yearly mowing schedules will allow for 38 mowings per year.

5

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020

Edging I String Trimming
A. Edging of all hard edges: Sidewalks, Driveways, Curb lines etc. adjacent to maintained property will be edged on a weekly basis during the growing season in conjunction with the maintenance schedule. All storm water culverts will be string trimmed on a weekly basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area.
Edging of all landscape beds will be done on a weekly basis to provide a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, string trimmer. Herbicidal edging is will not be acceptable. Bed lines will be edged with the intent to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance
A. Beds are to be free of weeds, trash and other debris at all times. Pre­ emergent and post-herbicidal applications may be used to help control weed growth but hand weeding will be done "as needed."

Mulch
A. Pine Straw mulch will be added once per year in landscape bed areas.

Tree Maintenance, Pruning and Fertilization
A. Tree staking materials will be adjusted, tightened or removed to ensure proper growth.

The District has contracted with Earthscapes Unlimited, Inc. to provide the following services:

Turf Fertilization
A. St. Augustine Turf will be fertilized (3) times a year.

Turf Maintenance
A. Turf areas unless otherwise specified will be mowed on a weekly basis in the growing season (April through October). During months not specified in the growing season (November through March) the turf will be mowed at least twice a month unless abnormal conditions arise.

6

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020

Edging I String Trimming
A. Edging of all hard edges: Sidewalks, Driveways, Curb lines etc. adjacent to maintained property will be edged on a weekly basis during the growing season in conjunction with the maintenance schedule. All storm water culverts will be string trimmed on a weekly basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area.
Edging of all landscape beds will be done on a weekly basis to provide a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, str ng trimmer. Herbicidal edging will not be acceptable. Bed lines will be edged with the intent to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance
A. Beds are to be free of weeds, trash and other debris at all times. Pre­ emergent and post-herbicidal applications may be used to help control weed growth but hand weeding will be done "as needed".

Mulch
A. Pine Straw mulch will be added twice per year in landscape bed areas.

Tree Maintenance, Pruning and Fertilization
A. Tree staking materials will be adjusted, tightened or removed to ensure proper growth.

Descriotlon			Monthly	Annually	
Earthscapes Unlimited Inc			$4,037	$48,450	
Future Area - South Area			$4,656	$55,872	
Everglades Pine Straw 10,100	bales@	$4.03/bale)		$40,703	
Retention Ponds			$1,502	$18,020	
TOTAL				$163,045	

Plant Replacement
Estimated cost to replace damaged plants within the District.

Tree Trimming
Estimated cost for tree trimming within the District.

7

Indigo East
Community Development District
General Fund Budget Fiscal Year 2020

Pressure washing
Estimated cost to pressure wash, annually, curbs, sidewalks and common
areas maintained by the District.
Well Repairs and Maintenance
Estimated cost for repairs and maintenance of the two wells.
contingency
To record the cost of any maintenance expenses that does not apply to any of
the other accounts.

8

Indigo East
COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
THRU	PROPOSED
BUDGET	
Description	FY2019	7/31/19	2MONTHS	9/30/19	FY2020	

REVENUES						
Interest	$8,000	$10,458	$2,000	$12,458	$10,000	
Cany Forward Surplus	$485,187	$485,552	$0	$485,552	$498,011	
Total Revenues	$493,187	$496,011	$2,000	$498,011	$508,011	
EXPENDITURES						
Capital Outlay	$0	$0	$0	$0	$0	

!Total Expenditures	
$0	
$0	
$0	
$0	
$0	
Excess Revenues	$493,187	$496,011	$2,000	$498,011	$508,011	

I

9

Indigo East
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND SERIES 2016

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
THRU	PROPOSED
BUDGET	
Description	FY2019	7/31/19	2MONTHS	9/30/19	FY2020	

REVENUES						
Assessments - Tax Roll	$90,303	$90,433	$0	$90,433	$87,581	
Assessments - Prepayment	$0	$27,682	$5,536	$33,218	$0	
Interest Income	$200	$364	$36	$400	$200	
Carry Forward Surplus	$99,264	$99,280	$0	$99,280	$115,944	
Total Revenues	$189,767	$217,759	$5,572	$223,331	$203,724	
EXPENDITURES						
Special Call 11/1	$10,000	$10,000	$0	$10,000	$25,000	
Interest - 11/1	$23,788	$23,788	$0	$23,788	$22,800	
Principal - 5/ 1	$45,000	$40,000	$0	$40,000	$45,000	
Interest - 5/1	$23,788	$23,600	$0	$23,600	$22,800	
Special Call 5/1	$0	$10,000	$0	$10,000	$0	
Total Expenditures	$102,575	$107,388	$0	$107,388	$115,600	

(l)	Excess Revenues	$87,192	$110,371	$5,572	$115 944	$88,124		
				Nov 1, 2020	$	22,013		

Net Assessments		$87,581 Discounts & Collections ( 6%) 		$5,590 Gross Assessments	$93,171

Total Units 		193 Assessments per Unit 	$483

(1) Excess Revenues will be utilized to pay November 1 semi-annual interest payment.

10

Indigo East
commuoitv Dev:elopmeot Disttict

Series 2016 Special Assessment Revenue Refunding Bonds

AMORTIZATION SCHEDULE

(Term Bonds Due Combined)

Date	Balance	Principal	Interest	Annual

11/1/19	$ 1,100,000	$	$22,800.00	$	22,800	
5 1 20	1100 000	45 000	22 800.00		
11/1/20	$ 1,055,000	$	$22,012.50	$	89,813	
5/1/21	$ 1,055,000	$	45,000	$22,012.50	$	
11/1/21	$ 1,010,000	$	$21,225.00	$	88,238	
5/1/22	$ 1,010,000	$	45,000	$21,225.00	$	
11/1/22	$	965,000	$	$20,437.50	$	86,663	
5/1/23	$	965,000	$	45,000	$20,437.50	$	
11/1/23	$	920,000	$	$19,650.00	$	85,088	
5/1/24	$	920,000	$	50,000	$19,650.00	$	
11/1/24	$	870,000	$	$18,712.50	$	88,363	
5/1/25	$	870,000	$	50,000	$18,712.50	$	
11/1/25	$	820,000	$	$17,775.00	$	86,488	
5/1/26	$	820,000	$	55,000	$17,775.00	$	
11/1/26	$	765,000	$	$16,640.63	$	89,416	
5/1/27	$	765,000	$	55,000	$16,640.63	$	
11/1/27	$	710,000	$	$15,506.25	$	87,147	
5/1/28	$	710,000	$	60,000	$15,506.25	$	
11/1/28	$	650,000	$	$14,268.75	$	89,775	
5/1/29	$	650,000	$	60,000	$14,268.75	$	
11/1/29	$	590,000	$	$13,031.25	$	87,300	
5/1/30	$	590,000	$	65,000	$13,031.25	$	
11/1/30	$	525,000	$	$11,690.63	$	89,722	
5/1/31	$	525,000	$	65,000	$11,690.63	$	
11/1/31	$	460,000	$	$10,350.00	$	87,041	
5/1/32	$	460,000	$	70,000	$10,350.00	$	
11/1/32	$	390,000	$	$ 8,775.00	$	89,125	
5/1/33	$	390,000	$	70,000	$ 8,775.00	$	
11/1/33	$	320,000	$	$ 7,200.00	$	85,975	
5/1/34	$	320,000	$	75,000	$ 7,200.00	$	
11/1/34	$	245,000	$	$ 5,512.50	$	87,713	
5/1/35	$	245,000	$	80,000	$ 5,512.50	$	
11/1/35	$	165,000	$	$ 3,712.50	$	89,225	
5/1/36	$	165,000	$	80,000	$ 3,712.50	$	
11/1/36	$	85,000	$	$ 1,912.50	$	85,625	
5/1/37	$	85,000	$	85,000	$ 1,912.50	$	86,913	
 	Totals	$1,100,000	$502,425	$ 1,&02,42s I

11

SECTION 8

RESOLUTION 2019-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT IMPOSING SPECIAL ASSESSMENTS AND CERTIFYING AN ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Indigo East Comml.lllity Development District ("the District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Marion County, Florida (the "County"); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District's adopted Improvement Plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District ("Board") hereby determines to undertake various operations and maintenance activities described in the District's budget for Fiscal Year 2019-2020 ("Operations and Maintenance Budget"), attached hereto as Exhibit "A" and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the District's budget for Fiscal Year 2019-2020; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, The District has previously levied an assessment for debt service, which the District desires to collect on the tax roll for platted lots pursuant to the Uniform Method and which is also indicated on Exhibit "A"; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector ("Uniform Method"); and

WHEREAS, the District has previously evidenced its intention to utilize this Uniform Method; and

WHEREAS, the District has approved an Agreement with the Tax Collector of the County to provide for the collection of the special assessments under the Uniform Method; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Indigo East Community Development District (the "Assessment Roll") attached to this Resolution as Exhibit "B" and incorporated as a material part of this Resolution  by  this reference, and to certify the Assessment Roll on platted property to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT. The provision of the services, facilities, and operations as described in Exhibit "A" confer a special and peculiar benefit to the lands within the District, which benefits exceed or equal the costs of the assessments. The allocation of the costs to the specially benefitted lands is shown in Exhibits "A" and "B."

SECTION 2. ASSESSMENT IMPOSITION. A special assessment for operation and maintenance as provided for in Chapter 190, Florida Statutes, is hereby imposed and levied on benefitted lands within the District in accordance with Exhibits "A" and "B." The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments shall be at the same time and in the same manner as County taxes in accordance  with the Uniform Method. The District shall also collect its previously levied debt service assessment pursuant to the Uniform method, as indicated on Exhibits "A" and "B."

SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll, attached to this Resolution as Exhibit "B," is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds there from shall be paid to the Indigo East Community Development District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep appraised of all updates made to the County property roll by Property Appraiser after the date of this Resolution, and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any

amendment of the Assessment Roll, the District Manager shall file the updates to the tax roll in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE.  This  Resolution  shall take effect  upon  the passage  and adoption of this Resolution by the Board of Supervisors of the Indigo East Community Development District.

PASSED AND ADOPTED this 20th day of August, 2019.

ATTEST:	INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary/ Assistant Secretary

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

SECTION VI

Earthscapes Unlimited, Inc.

Project Location: Indigo East (South ) Communi/1 Development District Retention Ponds and Landscapes

Final bids due: June 7, 2019

Start date: October 1, 2019

Specifications: See attached

Total area measurements for Bahia turf area, shrub bed area, and pinestraw counts

Bahia Turf, Retention Ponds: 66,000 sq. yds

Bed Area: 4,985

Irrigation Maintenance
13 Zones ACC (estimated)

Cost per sq. yd

$.45

$1.65

Cost per zone
$150.00

Cost per year

$29,696.75

$8,225.25

Cost per year
$1,950.00

Quantity	Cost per plant

Annual Installation (4x's/yr)	2,500	$1.60	$16,000.00

Total monthly cost:	$4,656.00	
Total yearly cost:	$55,872.00	
Notes		
Total yearly cost should be divisible by 12 months. Please call ifthere are any questions 352-427-1287		

Facility Resources, INC.

Project Location: Indigo East (South ) Community Development District Retention Ponds and Landsca pes

Final bids due: June 7, 2019

Start date: October 1, 2019

Specifications: See attached

Total area measurements for Bahia turf area, shrub bed area, and pinestraw counts

Cost J!er sg. yd	Cost per }'.ear
Bahia Turf, Retention Ponds:
66,000 sq. yds	$0.57	$37,620.00

Bed Area: 4,985	$1.93	$9621.05

Irrigation Maintenance	Cost per zone	Cost (!er }'.ear

13 Zones ACC (estimated)	$150.00	$1950.00

Quantify	Cost (!er plant

Annual Installation (4x' s/yr)	2,500	$1.39	$13,90_0.00

Total monthly cost:	$5257.59	
Total yearly cost:	$63,091.05	

Notes
Total yearly cost should be divisible by 12 months. Please call ifthere are any questions 352-427-1287		

Project Location:   In digo Easl (South  Communil   D,1  ve/o 'Jmenl Dislricl Rete11tio11
Ponds and Landscapes

Final bids dlle: June 7, 2019
Start date: October 1. 2019
Specifications: See attached
Total area measurements for Bahia turf area, shrub bed area, and pinestraw counts
Cost per sq. yd	Cost per year
Bahia Twf, Retention Ponds:
66,000 sq. yds	I I

Bed Area: 4,985

Irrigation Maintenance
13 Zones ACC (estimated)

Cost per gone

Cost per year

Quantity	Cost per plant

Annual Installation (4x's/yr)

2,500

Total monthly cost:

Total yearly cost:

Notes
Total yearly cost should be divisible by 12 months.

L--	t,._ .,

P	call if there are any questions 352-427-1287
t,	e(1

1 'I

,; I

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SECTION VI11

SECTION 8

SECTION 1

Indigo East
Community Development District

Summary of Invoices

May 14, 2019 to August 13, 2019

	Fund	Date	CheckNo.'s	Amount	
	
General Fund	
5/17/19	
1374	
$	41.19	
		5/24/19	1375-1376	$	12,625.66	
		5/31/19	1377	$	178.80	
		6/7/19	1378	$	1,501.69	
		6/12/19	1379	$	989.48	
		6/14/19	1380-1382	$	5,795.71	
		6/26/19	1383	$	900.00	
		7/3/19	1384	$	1,501.69	
		7/7/19	1385	$	938.48	
		7/11/19	1386	$	4,037.46	
		7/25/19	1387	$	5,607.73	
		7/26/19	1388-1389	$	2,101.69	
		8/1/19	1390-1391	$	2,102.72	
		8/12/19	1392	$	896.92	
				$	39,219.22	
	Payroll	Ma;y:2019			
		Donald Barnes	50186	$	184.70	
		Harold Brouillard	50187	$	184.70	
		John Gysen	50188	$	200.00	
		Terrance Solan	50189	$	184.70	
				$	754.10	
				$	39,973.32 I	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/13/19
***  CHECK DATES 05/14/2019 - 08/13/2019 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD

PAGE	1

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

STATUS	AMOUNT	CHECK.•.••
AMOUNT	#

5/17/19	00003	4/30/19	

5/24/19	
00040	3/06/19	

5/24/19	
00004	5/10/16	

5/31/19	
00003	
5/21/19	

6/07/19	
00055	
5/28/19	

6/12/19	
00019	
6/01/19	
		6/01/19	
		6/01/19	
		6/01/19	
		6/01/19	
		6/01/19	

6/14/19	
00002	
5/23/19	

6/14/19	
00047	
6/07/19	

6/14/19	
00063	
4/14/19	

6-537-30 201904 310-51300-42000
DELIVERY 04/22/19

*	41.19

FEDEX
13147REV 201903 320-53800-47300
3110-BALES OF PINESTRAW

-  -  - - - - - - - -
*	12,533.30

41.19 001374

EVERGLADES PINESTRAW, INC.
A952526	201905 310-51300-48000 NOT.OF MEETING 05/21/19

- -	- - - - - - - 12,533.30 001375

-

*	92.36

OCALA STAR-BANNER
6-558-27 201905 310-51300-42000
DELIVERY 05/15/19

-  -  -  - -  - -  - - -
*	178.80

92.36 001376

FEDEX
4288	201905 320-53800-47000
POND MOWING-MAY19

-  -  - - - -  - -	-  - -1-78-.80-

-

*	1,501.69

001377

SHARP SITE SERVICES, LLC
191	201906 310-51300-34000
MANAGEMENT FEES-JUN19
191	201906 310-51300-34100
INFORMATION TECH-JUN19
191	201906 310-51300-31300
DISSEMINATION FEE-JUN19
191	201906 310-51300-51000
OFFICE SUPPLIES
191	201906 310-51300-42000
POSTAGE
191	201906 310-51300-42500
COPIES

-  -  -  - - -  -  - - -  -1-,50-1.-69-
*	603.67
*	83.33
*	208.33
*	27.80
*	5.00
*	61.35

001378

GOVERNMENTAL MANAGEMENT SERVICES
05232019 201905 310-51300-31500
PREP/ATTEND CDD MEETING

-  -  - -  -  -  -  - - - -  -98-9.-48-
*	1,500.00

001379

COLEN & WAGONER P.A.
50619	201905 320-53800-47300
RIGHT OF WAY MAINT-MAY19

- -  - -  - - - -  -  - -1-,50-0.-00-
*	4,037.46

001380

EARTHSCAPES UNLIMITED INC.
4585	201904 320-53800-49000
3 HIP DBL SIDE/BRCKET/CRS
PMS SIGNS

- - -  -  -  -  - - - - -4-,03-7-.46- 001381
*	258.25
258.25 001382

INDE INDIGO EAST	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/13/19
***  CHECK DATES 05/14/2019 - 08/13/2019 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD

PAGE	2

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

STATUS	AMOUNT	•••.CHECK.....
AMOUNT	#

6/26/19 00052

7/03/19 00055

6/14/19 1695942	201905 310-51300-31100
ENGINEERS REPORT-MAY19
DEWBERRY ENGINEERS INC.
6/21/19 4335	201906 320-53800-47000
POND MOWING-JUN19

*	900.00
- - -  -  - - - -  -  -  -  -90-0-.00-
*	1,501.69

001383

7/07/19 00019

SHARP SITE SERVICES, LLC
7/01/19 192	201907 310-51300-34000
MANAGEMENT FEES JUL19
7/01/19 192	201907 310-51300-34100
INFORMATION TECH JUL19
7/01/19 192	201907 310-51300-31300
DISSEMINATION FEE JUL19 7/01/19 192	201907 310-51300-51000
OFFICE SUPPLIES JUL19
7/01/19 192	201907 310-51300-42000
POSTAGE JUL19
7/01/19 192	201907 310-51300-42500
COPIES JUL19

-  - - - -	- - - - -1-,50-1.-69 001384

-	-

*	603.67
*	83.33
*	208.33
*	.75
*	10.60
*	31.80

7/11/19 00047

GOVERNMENTAL MANAGEMENT SERVICES
7/10/19 51036	201906 320-53800-47300
RIGHT OF WAY MAINT-JUN19

-  -  -  - - - - - -  -  - -93-8.-48-
*	4,037.46

001385

7/25/19 00035

EARTHSCAPES UNLIMITED INC.
7/25/19 07252019 201907 300-20700-10000
FY19 DEBT SERVICE SER2016

- -  -  -  -  -  -  -  -  -  -4,-03-7.-46- 001386
*	5,607.73

7/26/19 00026

INDIGO EAST CDD C/O USBANK
7/16/19 18523	201907 310-51300-31400
ARBITRAGE SER.2016 JUL19

-  -  -  - - - - - -  -  -5,-60-7.-73-
*	600.00

001387

7/26/19 00055

GRAU AND ASSOCIATES
7/22/19 4381	201907 320-53800-47000
POND MOWING-JUL19

-  -  -  -  -  -  - - - - - -60-0.-0-0 001388
*	1,501.69

8/01/19 00004

SHARP SITE SERVICES, LLC
7/19/19 A955803	201907 310-51300-48000 REQ.PRPOSAL FOR ANN.AUDIT

- -  -  -  -  -  -  - - - -1-,50-1.-69-
*	127.72

001389

8/01/19 00064

OCALA STAR-BANNER
4/25/19 1260	201904 310-51300-34200
ADA COMP.CHK/UPDT/REBUILD
NEWAGETUTORS LLC DBA VGLOBALTECH

- - - - - - - - - -  -  -1-27-.7-2 001390
*	1,975.00
1,975.00 001391

INDE INDIGO EAST	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/13/19
***  CHECK DATES 05/14/2019 - 08/13/2019 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD

PAGE	3

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

STATUS	AMOUNT	...•CHECK•....
AMOUNT	#

8/12/19 00019	8/01/19 193	201908 310-51300-34000
MANAGEMENT FEES-AUG19
8/01/19 193	201908 310-51300-34100
INFORMATION TECH-AUG19
8/01/19 193	201908 310-51300-31300
DISSEMINATION FEE-AUG19 8/01/19 193	201908 310-51300-51000
OFFICE SUPPLIES
8/01/19 193	201908 310-51300-42000
POSTAGE

*	603.67
*	83.33
*	208.33
*	.09
*	1.50

GOVERNMENTAL MANAGEMENT SERVICES	896.92 001392

TOTAL FOR BANK A TOTAL FOR REGISTER

39,219.22
39,219.22

INDE INDIGO EAST	TVISCARRA

SECTION 2

•	•

•	•

•

•

•

•	•

w•

Ce	e'.t

•••••••••••
Indigo East
Community Development District

Unaudited Financial Reporting July 31, 2019

. . .

. .

. . .

.

Table of Contents

 	Balance Sheet

 	General Fund

 	Debt Service Fund

 	Capital Reserve Fund

 	Month to Month

 	Long-Term Debt

 	Assessment Receipt Schedule

Indigo East
Community Development District Combined Balance Sheet
	For the Period Ended July 31, 2019		
	Governmental Fund Types		
Totals	
	Debt	Capital	(Memorandum Only)	
	General Fund	Service	 	Reserves		 	2019		
Assets:				
cash	$124,623		$124,623	
Due From General Fund	$7		$7	
Accrued Interest Receivable	$190	$99	$289	
Investments - Bonds				
Series 2016				
Reserve	$32,905		$32,905	
Revenue	$90,912		$90,912	
Prepayments	$19,262		$19,262	
Investments - Operating				
State Board Administration					$495,912		$495,912	
Total Assets	$124,623		$143,276		$496,011		$763,910	

LIabilities:
Accounts Payable	

$2,103						

$2,103	
Due to Debt Service	$7						$7	

Fund Balances:								
Restricted for Debt Service			$143,276				$143,276	
Assigned					$496,011		$496,011	
Unassigned	 	$122,514 		 			 			 	$122,514 	
Total Liabilities and Fund Equity	$124,623		$143,276		$496,011		$763,910	

Indigo East
COMMUNITY  DEVELOPMENT DISTRICT
General Fund
Statement of Revenues & Expenditures
For the Period Ended July 31, 2019	
		Adopted	Prorated Budget	Actual		
		Bud et	Thru 7/31/19	Thru 7/31/19	Variance	
Revenues:						
Maintenance Assessments		$195,929	$195,929	$183,234	($12,695)	
Interest		$200	$167	$55	($112)	
Total Revenues	I 	$196,129	$196,096	$183,289	($12,80711	
Exptndltures;							
Administrative							
Supervisor Fees			$4,000	$3,000	$2,400	$600	
FICA Expense			$306	$255	$138	$117	
Engineering			$1,200	$1,000	$900	$100	
Trustee Fees			$2,050	$2,050	$2,020	$30	
Dissemination			$2,700	$2,250	$2,283	($33)	
Arbitrage			$600	$600	$600	$0	
Assessment Roll			$5,000	$5,000	$5,000	$0	
Attorney			$6,000	$4,500	$4,500	$0	
Annual Audit			$3,600	$3,600	$3,700	($100)	
Management Fees			$7,244	$6,037	$6,037	($0)	
Information Technology			$1,000	$833	$2,808	($1,975)	
Telephone			$100	$83	$0	$83	
Postage			$1,500	$1,250	$847	$403	
Printing & Binding			$800	$667	$239	$428	
Insurance			$6,650	$6,650	$6,400	$250	
Legal Advertising			$1,000	$833	$220	$613	
Other Current Charges			$700	$583	$447	$136	
Office Supplies			$200	$167	$87	$80	
Property Taxes			$35	$35	$0	$35	
Dues, Licenses, & Subscriptions			$175	$175	$175	$0	
Total Administrative	 	$44,860	$39,568		$38,801	$7671

Mainrrmw,ce		
Water & Sewer	$0	$0	$1,331	($1,331)	
Electric Expense	$25,432	$21,193	$17,029	$4,164	
Irrigation Repairs	$3,000	$2,500	$0	$2,500	
Retention Ponds	$18,020	$15,017	$15,017	$0	
ROW Maintenance	$88,975	$74,146	$52,941	$21,205	
Plant Replacement	$5,000	$5,000	$0	$5,000	
Tree Trimming	$2,500	$2,083	$0	$2,083	
Pressure Washing	$6,000	$5,000	$0	$5,000	
Well Maintenance/ Repairs	$10,000	$8,333	$0	$8,333	
Contingency	$5,000	$4,167	$772	$3,395	

Tota/Maintenance	 	$163,927	$137,439	$87,090		$5o,3so  1

Total Expenditures	 	$208,787		$177,008	$125,891		$51,1171 Excess Revenues (Expenditures)		!Sl2,65S!	 			$57,398			 Fund Balance - BegiMing	 		$12,658				$65,115			 Fund Balance - Ending				(SO)	 		s122,si4				
2

Indigo East
Community Development District
Debt Service Fund - Serles 2016
For the Period Ended July 31, 2019

Adopted	Prorated	Actual
 	Bud et	Thru 7/31/19	Thru 7/31/19	Variance	

Revenues;		
Assessments - Tax Roll	$90,303	$90,303	$90,433	$130	
Assessments - Prepayments	$0	$0	$27,682	$27,682	
Interest	$200	$167	$364	$197	
Total Revenues	I 	$90,503	$90,470	$118,479		$28,009 I

Expenditures;		
Series 2016
Special call - 11/1	
$10,000	
$10,000	
$10,000	
$0	
Interest - 11/1	$23,788	$23,788	$23,788	$0	
Principal - 5/1	$45,000	$45,000	$40,000	$5,000	
Interest - 5/1	$23,788	$23,788	$23,600	$188	
Special call - 5/1	$0	$0	$10,000	($10,000)	
Total Expenditures	I     $102,575	$102,575		$107,388	($4,813)1 Excess Revenues (Expenditures)	I     ($12,072}			$11,091			 Fund Balance - Beginning	I 	$99,264			$132,185		 Fund Balance - Ending	I 	$87,192			$143,276		

3

Indigo East
Community Development District
capital Reserves Fund
For the  Period  Ended July 31, 2019

Adopted	Prorated	Actual
 	Budget	Thru 7/31/19	Thru 7/31/19	Variance	

Revenues;

Interest		$8,000	$6,667	$10,458		$3,792 Total Revenues	I 	$8,000	$6,667	$10,458		$3,792 I
ExQCnditures:

Capital Outlay	$0	$0	$0	$0
Total Expenditures	I 			$0	$0			$0	soi Excess Revenues (Expenditures)	I 		$8,000			$10,458		 Fund Balance • Beginning	I 	$485,187		$485,552		 Fund Balance - Ending	I 	$493,187		$496,011		 

4

Indigo East
COMMUNITY DEVELOPMENT DISTIUCT

GENERAL FUND
Month to Month Detail

l!IDIIIIU,;	Oct	Nov	Dec	Jan	Feb	Mar		M!J:	Jun	Jul		9		see		Total		
Maintenance Assessments	$2,363	$27,362	$53,746	$88,787	$2,828	$3,982	$2,560	$1,004	$598		$5		$0		$0		$183,234	
Interest	$8	$3	$4	$7	$6	$7	$6	$6	$5		$5		$0		$0		$55	
Total Revenues	$2,371	$27,365	$53,750	$88,794	$2,834	$3,989	$2,565	$1,009	S603	$10	$0	$0	$183,2891	

Expendltum;														
Admln&ftR#vr:														
Supervisor Fee	$0	$800	$0	$0	$800	$0	$0	$800	$0	$0	$0	$0	$2,400	
FICA Expense	$0	$46	$0	$0	$46	$0	$0	$46	$0	$0	$0	$0	$138	
Engineering	$0	$0	$0	$0	$0	$0	$0	$900	$0	$0	so	$0	$900	
Trustee Fees	$0	$0	$2,020	$0	$0	$0	$0	$0	$0	$0	$0	$0	S2,020	
Dissemination	$308	$208	$208	$208	$208	$308	$208	$208	$208	$208	$0	$0	$2,283	
Arbitraee	so	$0	$0	$0	$0	$0	$0	$0	$0	$600	$0	$0	$600	
Assessment Roll	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Attorney	$0	$1,500	$0	$0	$1,500	$0	$0	$1 ,500	$0	$0	$0	$0	$4,500	
Annual Audit	$0	$0	$0	$0	$3,700	$0	$0	$0	$0	$0	$0	$0	$3 ,700	
Management Fees	$604	$604	$604	$604	$604	$604	$604	$604	$604	$604	$0	$0	$6,037	
lnfonmation Technoloey	$83	$83	$83	$83	$83	$83	$2,058	$83	$83	$83	so	$0	$2,808	
Telephone	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Postaee	$10	$170	$2	$16	$250	$94	$93	$198	$5	$11	$0	$0	$847	
Printing & Binding	$16	$4	$58	$5	$6	$50	$1	$7	$61	$32	$0	$0	$239	
Insurance	$6,400	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,400	
Legal Advertising	$0	$0	$0	$0	$0	$0	$0	$92	$0	$128	$0	$0	$220	
Other Current Olarge>	$43	$40	$40	$42	$43	$41	$71	$42	$42	$44	$0	$0	$447	
Office Supplie>	$1	$0	$28	$1	$0	$28	$0	$1	$28	$1	$0	$0	$87	
Property Taxes	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Dues, Licenses, & Subscriptions	$0	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Toto/ AdmlnlslnJl/tle	$12,465 	$3,630	$3,043	$959	$7,240	$1,208 	$3.035	$4,481	$1,031	$1,710 	$0	$0	$38,8011

Malnfl!nqnq;
Water & Sewer	$170	$182	$171	$170	$102	$114	$0	$128	$143	$150	$0	$0	$1,331	
Electric Expense	$1,887	$0	$1,853	$1,960	$3,858	$1,790	$1,976	$0	$1,853	$1,853	so	$0	$17,029	
lrrieation Repairs	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	
Retention Ponds	$1,502	$1,502	$1,502	$1,502	$1,502	$1,502	$1,502	$1,502	$1,502	$1,502	$0	$0	$15,017	
ROW Mai ntenance	$4,037	$4,037	$4,037	$4,037	$4,037	$20,641	$4,037	$4,037	$4,037	$0	$0	$0	$52,941	
Plant Replacement	so	so	$0	$0	so	so	so	so	so	$0	$0	so	so	
Tree Trimming	so	$0	$0	so	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Pressure Wa>hlng	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Contingency	$0	$0	$464	$0	$308	$0	$0	$0	$0	$0	$0	$0	$772	
TOl'OI Maintenance	S7,595	S5,721	$8,027	S7,669	S9,B08	   S24,047		57 15	 	$5,667 	S7.535	$3,504	$0	$0	$87,0901	
Total Expenditures	$20,060	 	S9,351 	$11.070	$81628	$17,048	   $25,255		$10 50	s10,148	.567	S5,214	so	$0	$125 , 891 1	

Excess Revenues (Expenditures)	
($17,6891	$18.013	
$42,680	      $80,166	($14,213)	($21,2661	($7,-sJ	
($9,139)	
($7,9641	1$5,204)	
$0	
$0	$51,3,s I	
					
5									

Indigo East
Community Development District
LONG TERM DEBT REPORT

SERIES 2016, SPEOAL ASSESSMENT BONDS		
INTEREST RATE:	3.561%, 4.125% 4.500%		
MATURITY DATE:	5/1/2037		
RESERVE FUND DEFINITION	Flat Rate		
RESERVE FUND REQUIREMENT	$32,905		
RESERVE FUND BALANCE	$32,905		
BONDS OUTSTANDING - 11/17/16	$1,745,000	
LESS: PRINCIPAL PAYMENT 5/1/17	($25,000)	
LESS: PRINOPAL PAYMENT 5/1/17 Prepayment	($145,000)	
LESS: PRINCIPAL PAYMENT 11/1/17 Prepayment	($190,000)	
LESS: PRINOPAL PAYMENT 5/1/18	($55,000)	
LESS: PRINOPAL PAYMENT 5/1/18 Prepayment	($170,0 00)	
LESS: PRINCIPAL PAYMENT 5/1/19	($40,000)	
LESS: PRINCIPAL PAYMENT 5/1/19 Prepayment	($10,000)	
CURRENT BONDS OUTSTANDING	$1,110,000	

6

INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

SPECIAL ASSESSMENTS FY 2019 RECEIPTS

MAINTENANCE

Gross Assessments,..$ 
Certified Net Assessments J,_$

208 ,680-.00-.
196 ,15_9.2 ,ol
100%

Date	
ACH	Gross Assessments	Collection
Received	Fee	Commissions	Interest	Net Assessments
Paid	lnccme	Received	

10/26/18	
ACH	
$	2,411.24   $	48.22		
$	$	$	2,363.02	
11/16/18	ACH	$	12,007.43    $	240.15		$	$	$	11,767.28	
11/27/18	AOi	$	15 912.98    $	318.26		$	$	$	15,594.72	
12/10/18	ACH	$	26,142.58    $	522.85		$	-	$	-	$	25,619.73	
12/28/18	ACH	$	28 700.12   $	574.00		$	-	$	-   .   $	28 126.12	
1/11/19	ACH	$	86 669.37   $	1,733.39		$	$	$	84,935.98	
..... 1/23/19.•..•.............ACH...........s..................-.....s.................-... .s.................-......s..............214.05 •. s 	2.14.os
.......1/25/19..•... ..•.•..••.. ACH•  ........•   $..........3  1 711.45    •  $.••.•.•.•....•. 74.   23      $  ........·-·····-··  ..•••$  •.•..•••••••••••-..  ••••• $ 	3,637.22.	
2/25/19	ACH	$	2,885.71     $	57.71	$	$	$	2,828.00	
3/15/19	ACH	$	3,302.45    $	66.05	$	$	$	3 236.40	
3/22/19
4/22/19	ACH
ACH	$	761.11   $	15.22
$	$	$	-	$	·	$	745.89
$	$	29.66   $	29.66	
4/25/19	ACH	$	2,581.50    $	51.63	$	$	$	2,529.87	
.·.·.·.·.·:  .:.........................-:................J;................1,::::.·.;.............................. : ·...;...-............................:.......;............................... .:..:.·...·.;...........:...1,::=.
7/26/19	ACH	I $	$	$	$	4.99 $	4.99	
	$	$	$	$	$	
......................... ...........................	•$$.................·..$......$  ....•..•.•.•....••-.$••	$	..  ..  .........·..$    .$	·•·•·••.......-.$......$  . . ....................      .    .	

Total Collected		$	186719.94    $	3,734.39	$	$	248.70    $	183 234.25	
	 93"	

DEBT SERVICE

Certified Net Assessments r 	·1

Gross Assessments $	96,068.00
$  ....•..•.90,303.92

Date	Gross Assessml!llts	Collection	Commissions	Interest	Net Assessments
Aat	Received	Fee	Paid	Income	Received	
	
10/26/18	ACH	$	3,267.51
11/16/18	ACH	$	12,167.99
11/27/18	ACH	$	13,439.63
12/10/18	ACH	$	18,537.51
12/28/18	ACH	$	22,245.07
.... .. 1/11/19 .................Aat.......... .s..........., 6 02.4 10 ..
1/23/19	ACH	$	$	65.35    $	$	$	3,202.16
$	243.36    $	$	-	$	11,924.63
$	268.79    $	$	$	13,170.84
$	370.75   $	$	$	18 166.76
$	444.90   $	•	$	-	$	21,800.17
s..............120.49 .. s.................·......s................-.....s	s.,904.21
$	$	$	95.95   $	95.95	
.......1/25/19.....•)...•.••...• ACH •••.•••.••. $ •••••••••• 3,014.35. .$  ...............6 . 029   ...  $  ..................• ••••.$  •.•••••.•.••••••-••  •••.  $ 	2,954.06•
......2/25/19•. ....  ...... ..... Aat ............s...........3,183.32 .. s...............63.   67   ..  s............·......s.................-.....s 	3,119.65
3/15/19	ACH	$	3,493.63    $	69.87     $	•	$	-	$	3,423.76	
3/22/19	ACH	$	1 078.09    $	21.56    $	$	S	1 056.53	
......4/22/19.......	...........ACH............$..................•..... .$ .................-....• .$  ................	. •••  •.• •  S...............36.11.1.  S 	36.11	
4/25/19	ACH	$	3,517.62     $	70.35     $	$	•	$	3,447.27	
5/22/19	ACH	$	1,173.22     $	23.46 ' $	$	$	1,149.76	
6/21/19	..........A. CH ..........  ·; ··················· .... .}   ................•.   ......: .................•.  .•••. :  ................ 6.62.!  ...............
ACH	$	994.48    $	19.89     $	-	$	•	$	974.59	
.....J/26/19......	6. 62 .	
	$	s	$	$	$	
.....................	.................... .s................·......s............·..........s..................· ... $ .............· ......s.................·....	
		
Total Collected	$	92,137.U  $	1,842.73    $	$	138.68    $	90,433.07	

100%

.

7

SECTION 3

NOTICE OF MEETING DATES INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Indigo  East  Community  Development  District will hold their  regularly scheduled  public  meetings  for the Fiscal Year  2020 at  9:00 AM, or as shortly thereafter as reasonably possible, at the Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, FL 34476 as follows:

November 19, 2019
February 18, 2020
May 19, 2020
August 18, 2020

The meetings are open to the public and will be conducted in accordance  with  the provisions of Florida Law for Community Development Districts. A copy of the agenda for a particular meeting may be obtained from the District Manager, at 135 W. Central Blvd., Suite 320, Orlando, FL 32801.
The meetings may be continued to a date, time, and place to be specified on the
record  at the meeting.	There may be occasions when one or more Supervisors will participate by telephone.
Any person requiring special accommodations at these meetings because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service 1-800-955-8770, for aid in contacting the District Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

George S. Flint
Governmental Management Services - Central Florida, LLC District Manager

SECTION 4

INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT
$1,745,000
SPECIAL ASSESSMENT REVENUE REFUNDING BONDS SERIES 2016
ARBITRAGE REBATE REQUIREMENT OCTOBER 31, 2018

Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS

951 Yamato Road• Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

July 10, 2019

Indigo East Community Development District Marion County, Florida

Re:		$1,745,000 Indigo East Community Development District (Marion County, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016 (the "Bonds")

Indigo East Community Development District has requested that we prepare certain computations related to the above-described Bonds for the year ended  October  31, 2018 ("Computation Period"}. The engagement consisted of the preparation of computations to be used to assist in the determination of the amount, if any, of the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended ("Code"). You have the ultimate responsibility for your compliance with arbitrage rebate laws; therefore, you should review the calculations carefully.

In order to prepare these computations, we were provided  with  the  following information: various trust statements and the Official Statement for the Bonds. We did  not verify or otherwise audit the accuracy of information provided to us by you or the Trustee, and accordingly, we express no opinion on such information. The attached schedules are based upon the aforementioned information provided to us. A brief description of the attached schedules is attached.

The results of our computations based on the information provided to us indicate a negative Rebate Requirement of ($2,888) for October 31, 2018. Consequently, our results indicate no amount must be on deposit in the Rebate Fund.	·

The Rebate Requirement has been determined as described in the Code and the Arbitrage Rebate Regulations. We have no obligation to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report. It is understood that these calculations are solely for the information of, and assistance to, the addressee for the purpose of complying with the Code and the Arbitrage Rebate Regulations. Our report is not to be used for any other purpose.

Grau & Associates

DESCRIPTION OF ATTACHED SCHEDULES

Summary of Rebate Calculations - Provides a summary of the rebate calculations.

Purpose ExpendituresFuture Value Report - Verifies the rebate calculation. The report future values the purpose expenditures by the arbitrage yield limit to the computation date (October 31, 2018).

Arbitrage Yield Limit (AYL) Verification Report - Verifies the calculation of the arbitrage yield limit and the arbitrage gross proceeds. Discounts the debt service schedule by the arbitrage yield limit.

True Interest Cost (TIC) Verification Report - Verifies the calculation of the true interest cost and the gross proceeds. Discounts the debt service schedule by the true interest cost.

Unspent Proceeds Report - Verifies the amount of unspent proceeds. Lists purpose expenditures in chronological order.

Internal Rate of Return (IRR ) Report Via Purpose Expenditures -  Verifies  the  internal rate of return for the investment portfolio. This report presents values the purpose expenditures by the internal rate of return to the delivery date.

Indigo East CDD
Series 2016 Special Assessment Revenue Refunding
Summary of Rebate Calculations
$ 1,745,000.00

Dated: Delivered:

11/08/2016
11/08/2016

Anniversary Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	05/01/2017	
Future- T/alue Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10/31/2018	
Arbitrage Yield Limit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4.2559827	
Total of Purpose Expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$1,709,737.00	
Internal Rate of Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.1904250	
90% of rebate liabili!J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$2,598.95	
Full n!bate liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$2,887.73	

INDIGO EAS-2016-A I FY: 1 IMun-EaseElevateMainDb I 16.95f EDB I 07/10/2019111:26 I Rpt22

Page

Grau & Associates
1
Grau & Associates CPAs

Indigo East COD	Dat ed:	11/08/2016	
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016	
Purpose Expenditures Future Value Report	F11111re V o/11ed To:	10/31/2018
$ 1,745,000.00

Traniaction Date	Group
ID	Fund
ID	
Dm:ripitott	Future Value Periods	Calculation Amt
(Int. Earnings)	
Pool %	FV
Factor	FV
Amount	
I 1/8/2016	-I	COi	Beg. Arbitrage Gross Proceeds	3.96111Il	-I, 742,511.15	I 00 .0000000	1.0869849	-1,894,083.39	
I 1/8/2016	2017		UndelWl'iter's Discount	3.9611 Ill	34,900.00	I 00.0000000	1.0869849	37,935.77	
11/8/2016	2017		Transferred Funds	3.961 lll l	-251,652.00	100.00000 00	1.0869849	-273,541.94	
11/8/2016	2017		Payment to escrow	3.9611111	1,868,480.00	I 00 .00000 00	1.0869849	2,031,009.64	
11/17/2016	2017		COi	3.9111111	48,072.00	I 00 .0000000	l.08584Il	52,198.56	
11/30/2016	2017		COi	3.8388889	3,250.00	I 00 .00 00000	1.0841911	3,523.62	
12/2/2016	2017		Reserve	3.8277778	1.00	I 00 .0000000	1.0839375	1.08	
12/6/2016	2017		COi	3.8055556	2,925.00	I 00 .000 0000	1.0834304	3,169.03	
1/4/2017	2017		Reserve	3.6500000	3.00	100.0000000	1.0798874	124	
2/2/2017	2017		Reserve	3.4944444	4.00	100 .0000000	1.0763561	4.3I	
3/2/2017	2017		Reserve	3.3277778	4.00	100.0000000	1.0725853	4.29	
4/4/2017	2017		Reserve	3.1500000	4.00	I 00 .00000 00	1.0685777	4.27	
5/2/2017	2017		Reserve	2.9944444	5.00	100.0000000	1.0650833	5.33	
5/18/2017	2017		COi	2.9055556	3,634.00	I 00 .0000000	1.0630916	3,863.27	
6/2/2017	2017		Reserve	2.8277778	6.00	100.0000000	1.0613520	6.37	
7/5/2017	2017		Reserve	2.6444444	5.00	100.0000000	1.0572626	5.29	
8/2/2017	2017		Reserve	2.4944444	6.00	100 .0000000	1.0539286	6.32	
9/5/2017	2017		Reserve	2.311111 l	6.00	100 .0000000	1.0498678	6.30	
l0/3/2017	2017		Reserve	2.1555556	5.00	100 .0000000	1.0464346	5.23	
11/2/2017	2018		Reserve	1.9944444	6.00	I 00 . 0000000	1.0428907	6.26	
12/4/2017	2018		Reserve	1.8166667	5.00	100 .0000000	1.0389940	5.19	
1/3/2018	2018		Reserve	1.6555556	6.00	100.0000000	1.0354752	6.21	
2/2/2018	2018		Reserve	1.4944444	6.00	100.0000000	1.0319684	6.19	
3/2/2018	2018		Reserve	1.3277778	5.00	100.0000000	1.0283531	5.14	
4/3/2018	2018		Reserve	1.1555556	6.00	100.0000000	1.0246306	6.15	
5/2/2018	2018		Reserve	0.9944444	7.00	I 00 .0000000	1.0211604	7.15	
6/4/2018	2018		Reserve	0.8166667	7.00	100 .0000000	1.0173450	7.12	
7/3/2018	2018		Reserve	0.6555556	7.00	10 0.0000000	1.0138995	7.10	
8/2/2018	2018		Reserve	0 .4944444	8.00	100.0000000	1.0104657	8.08	
9/5/2018	2018		Reserve	0.3111111	8.00	I 00.0000000	1.0065725	8.05	
10/2/2018	2018		Reserve	0.1611 III	8.00	I 00.0000000	1.0033982	8.03	
10/31/2018	-I		Unspent Proceeds as of 10/31/2018	0.0000000	32,905.00	100 .0000 000	1.0000000	32,905.00	
					130..85			-2,887.73	

	Arbitrage Yield Limit (AYL) . . . . . . . . . . . . . . .	4.2559827	
	Internal Rate of Return (IRR) . . . . . . . . . . . . . .	0.1904250	
	Future Valued To.. .. .. . . . . . . . . . .. . . . . . . . .	10/31/2018	

INDIGO EAS-2016-A I FY: 11 Mun-EaseElevateMainDb 11 6.95fEDB I 07110/2019 ! 11:26! Rpt15a
Grau & Associates
Grau & Associates CPAs

Page	1

Indigo East COD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered :	11/08/2016
A.Y.L. Verification Report	FMS Bonds
MSRB 301360SEiHI 4/ 3
1 ,745,000 .00

Period	Coupon Date	Pn' ndpal Pqyment	Coupon ' Rate	Interest
Pqyment	CmJ. Enh./
Sinking Fund A 4i	Periodic Debt SeTVict	Pment Value Factor	Discounted Debt Servfre	
	05/01/2017	25,000.00	3.000	33,966.25		58,966.25	0.9799656	57,784.90	
2	11/01/2017			34,965.62		34,965.62	0.9595466	33,551.14	
3	05/01/2018	60,000.00	3.000	34,965.62		94,965 .62	0.9395529	89,225.23	
4	11/01/2018			34,065.62		34,065.62	0.9199759	31,339.55	
5	05/01/2019	60,000.00	3.000	34,065.62		94,065.62	0.9008068	84,734.95	
6	11/01/2019			33,165.62		33,165.62	0.8820372	29,253.31	
7	05/01/2020	65,000.00	3.500	33,165.62		98,165.62	0.8636586	84,781.58	
8	11/01/2020			32,028.12		32,028.12	0.8456630	27,084.99	
9	05/01/2021	65,000.00	3.500	32,028.12		97,028.12	0.8280423	80,343.39	
10	11/01/2021			30,890.62		30,890.62	0.8!07888	25,045.77	
II	05/01/2022	65,000.00	3.500	30,890.62		95,890.62	0.7938948	76,127.06	
12	11/01/2022			29,753.12		29,753.12	0.7773528	23,128.67	
13	05/01/2023	70.000.00	3.500	29,753.12		99,753.12	0.7611554	75,927.63	
14	11101/ 2023			28,528.12		28,528 . 12	0.7452956	21,261.88	
15	05/01/2024	70,000.00	3.750	28,528.12		98,528.12	0.7297663	71,902.50	
16	11/01/2024			27,215.62		27,215.62	0.7145605	19,447.21	
17	05/01/2025	75,000.00	3.750	27,215.62		102,215 .62	0.6996715	71,517.36	
18	11/01/2025			25,809.37		25,809.37	0.6850928	17,681.81	
19	05/01/2026	80,000.00	4.125	25,809.37		105,809.37	0.6708179	70,978.82	
20	11/01/2026			24,159.37		24,159.37	0.6568404	15,868 .85	
21	05/01/2027	80,000.00	4.125	24,159.37		104,159 .37	0.6431541	66,990.52	
22	11/01/2027			22,509.37		22,509.37	0.6297530	14,175.34	
23	05/01/2028	85,000.00	4.125	22,509.37		107,509 .37	0.6166311	66,293.63	
24	11/01/2028			20,756.25		20,756.25	0.6037827	12,532.26	
25	05/01/2029	85,000.00	4.125	20,756.25		105,756 .25	0.5912020	62,523.30	
26	11/01/2029			19,003 .13		19,003.13	0.5788834	ll ,000.60	
27	05/01/2030	90,000.00	4.125	19,003.13		109,003.13	0.5668215	61, 785.31	
28	11/01/2030			17,146 .88		17,146.88	0.5550109	9,516.71	
29	05/01/2031	95,000.00	4.125	17,146.88		112 , 146.88	0.5434464	60,945.82	
30	11/01/2031			15,187.50		15,187.50	0.5321229	8,081.62	
31	05/01/2032	100,000.00	4.500	15,187.50		115,187.50	0.5210353	60,016.75	
32	11/01/2032			12,937.50		12,937 .50	0.5101787	6,600.44	
33	05/01/2033	105,000.00	4.500	12,937.50		117,937.50	0.4995484	58,915.49	
34	11/01/2033			10,575.00		10,575.00	0.4891395	5,172.65	
35	05/01/2034	110,000.00	4.500	IO,S75.00		120.575.00	0.4789476	57,749.10	
36	11/01/2034			8,100.00		8,100.00	0.4689680	3,798.64	
37	05/01/2035	115,000.00	4.500	8,100.00		123,100.00	0.4591963	56,527.07	
38	11/01/2035			5,512.50		5,512.50	0.4496283	2,478.58	
39	05/01/2036	120,000.00	4.500	5,512.50		125,512.50	0.4402596	55,258.08	
40	11/01/2036			2,812.50		2,812.50	0.4310861	1,212.43	
41	05/01/2037	125,000 .00	4.500	2,812.50		12 7,812.50	0.4221038	53,950.14	

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb 1 16 . 95f EDB I 07110/2019 I 11 : 29 I Rpto1h
Grau  & Associates	
Grau & Associates CPAs	Page	1

Indigo East CDD	
Dated:	11/08/2016	
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016	

A.Y.L. Verification Report
1,745,000.00

PMS Bonds
MSRB 30/ 360 SElvII 4/ 3

	Coupon	Primipal	Crnpon	lnierert	Cred. Enh./	Periodic	Prerent Value	Dircounted	
Period	Date	Paymmt	Rafe	Payment	Sinking Fund Adj	Debt Service	Factor	Debt Service	
1,745,000.00	904,209.91	0.00	2,649,209.91	1,742,511.07

Trne lnteresl Cost (TIC). . . . . •. . . . . . .	4.4812751		Face,  , a fue of bond Issue. .	$ 45,000.00	
Net Interest Cost (NIC). . . . . . . . . . .	4.4449485		Accrued interest (+) ..		
Arbitrage Yield Limit (AYL) . . . . . . . . . . . . . . .	4.2559827		Original issue premium/discount(+). . . . . .	($2,488.85)	
Arbitrage Net Interest Cost (ANIC).	4.2901724		Bond surety fee (-). . . . . . . . . . . . . . . . . . . .	$0.00	

	Lump-sum credit enhancements (-). . . . . . . .	$0.00	
	Other AYL costs (-) . . . . .		
	= AYL Target. . • ......	$1,742,511.15	

INDIGO EAS-2016-A J FY: 1 J Mun-EaseElevateMainDb I 16.95f EDB I 07/10/2019 I 11:29 I Rpto1h
Grau & Associates	
Grau & Associates CPAs	Page	2

Indigo East CDD	I
MSRB  30/ 360 SEMI+/ J
Series 2016 Special Assessment Revenue Refunding	FMS Bo11Js
T.I.C. Verification Reoort (Regular)	Outed:	11/8/2016
1,745,000.00	D,li,md:	11/8/2016

Period	coupon Date	Pn"ncipal P,:rymenl	Coupon
Rate	Interest Ptryment	Credit Enhance1J1enlr	Periodic Debt Service	Present Value Factor	Di.rcounted Debt Seroice	
	5/1/2017	25,000.00	3.000	33,966.25		58,966.25	0.9789279	57,723.71	
2	11/1/2017			34,965.62		34,965.62	0.9574744	33,478.68	
3	5/1/2018	60,000.00	3.000	34,965.62		94,965.62	0.9364910	88,934.45	
4	11/1/2018			34,065.62		34,065.62	0.9159675	31,203.00	
5	5/1/2019	60,000.00	3.000	34,065.62		94,065.62	0.8958937	84,272.80	
6	11/1/2019			33,165.62		33,165.62	0.8762599	29,061.70	
7	5/1/2020	65,000.00	3.500	33,165.62		98,165.62	0.8570564	84,133.47	
8	11/1/2020			32,028.12		32,028.12	0.8382737	26,848.33	
9	5/1/2021	65,000.00	3.500	32,028.12		97,028.12	0.8199027	79,553.62	
10	11/1/2021			30,890.62		30,890.62	0.8019342	24,772.25	
11	5/1/2022	65,000.00	3.500	30,890.62		95,890.62	0.7843596	75,212.73	
12	I 1/1/2022			29,753.12		29,753.12	0.7671701	22,825.70	
13	5/1/2023	70,000.00	3.500	29,753.12		99,753.12	0.7503573	74,850.48	
14	I l/1/2023			28,528.12		28,528.12	0.7339130	20,937.16	
15	5/1/2024	70,000.00	3.750	28,528.12		98,528.12	0.7178290	70,726.34	
16	11/1/2024			27,215.62		27,215.62	0.7020976	19,108.02	
17	5/1/2025	75,000.00	3.750	27,215.62		102,215.62	0.6867109	70,192.58	
18	11/1/2025			25,809.37		25,809.37	0.6716614	17,335.16	
19	5/1/2026	80,000.00	4.125	25,809.37		105,809.37	0.6569417	69,510.59	
20	11/1/2026			24,159.37		24,159.37	0.6425446	15,523.47	
21	5/1/2027	80,000.00	4.12 5	24,159.37		104,159.37	0.6284630	65,460.31	
22	11/1/2027			22,509.37		22,509.37	0.6146900	13,836.29	
23	5/1/2028	85,000.00	4.125	22,509.37		107,509.37	0.6012189	64,636.67	
24	11/1/2028			20,756.25		20,756.25	0.5880430	12,205.57	
25	S/1/2029	85,000.00	4.125	20,756.25		105,756.25	0.5751558	60,826.32	
26	11/1/2029			19,003.13		19,003.13	0.5625511	10,690.23	
27	5/1/2030	90,000.00	4.125	19,003.13		109,003.13	0.5502226	59,975.99	
28	11/1/2030			17,146.88		17,146.88	0.5381643	9,227.84	
29	5/1/2031	95,000.00	4.125	17,146.88		112,146.88	0.5263702	59,030.78	
30	11/1/2031			15,187.50		15,187.50	0.5148347	7,819.05	
31	S/1/2032	100,000.00	4.500	15,187.50		115,187.50	0.5035519	58,002.88	
32	11/1/2032			12,937.50		12,937.50	0.4925164	6,371.93	
33	5/1/2033	105,000.00	4.500	12,937.50		117,937.50	0.4817227	56,813.17	
34	11/1/2033			10,575.00		10,575.00	0.4711656	4,982.58	
35	S/1/2034	110,000.00	4.500	10,575.00		120,575.00	0.4608399	55,565.77	
36	11/1/2034			8,100.00		8,100.00	0.4507404	3,651.00	
37	5/1/2035	115,000.00	4.500	8,100.00		123,100.00	0.4408623	54,270.15	
38	11/1/2035			5,512.50		5,512.50	0.4312006	2,376.99	
39	S/1/2036	120,000.00	4.500	5,512.50		125,512.50	0.4217507	52,934.99	
40	11/1/2036			2,812.50		2,812.50	0.4125079	1,160.18	
41	5/1/2037	125,000.00	4.500	2,812.50		127,812.50	0.4034677	51,568.21	
INDIGO EAS-2016-A I FY: 1 IMun-EaseElevateMainDb I 16.95f EDB I 07/10/2019 111:30 I Rpto1a
Grau & Associates	Page	1
Grau & Associates CPAs

Indigo East CDD
Series 2016 Special Assessment Revenue Refunding

2
MSRD  JOI J60 SEiWI / J
FMS Bo11d1

T.1.C. Verification Reoort (Regular)
1,745,000.00

Dtlled: De/inml:

11/8/2016
11I 8/ 2016

Arbitrage Net Interest Cost (ANJC)

4.2901724

Undenvriler discount (+) . . . . . . . . . . . . . .

Period	Coupon Date	Principal Pqyment	Coupon
Rate	lnterut Pqyment	Credit Enhancemen/J	Penodic Debt Servke	Present Value Factor	Dis,-ounted
Debt Service	
			1,745,000.00		904,109.91	0.00	1,649,209.91		1,707,611.11	
True Interest Cost (TIC) . . . . . . . . . .		4.4812751		Face value of bond Issue.............	$1,745,000.00	
Ne/ !merest Cos/ (.NIC)	•.	. . . . . .	4.4449485		Accrued interest (+) . . . . . . . . . . . . . . . .		
Arbitrage Yield limit (AYL) . . . . . .		4.2559827		Original issue premium/discount(+) .. .	($2,488.85)	

lump-sum credit enhancements (-) ........
Other TIC cosls (-) . . . . . . . . . . . . . . . . . . . .
Bond surety fee (-) . . . . . . . . . . . . . . . . . .
= TIC Target . . . . . . . . . . . . . .

($34,900.00)
$0.00

NIA
$1,707,611.15

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/10/2019 J 11:30 I Rpt01a
Grau & Associates	Page	2
Grau & Associates CPAs

Indigo East CDD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
Unspent Proceeds Report
$ 1,745,000.00

Cale Date	Grp
JD	
PH,P	Ftmd
ID	
Description	Gross
A111an11t	Pool Percentage	Nonp11rpose l1111eslmenl	P11,post Expendit11res	Unspe111 Proceeds	
11/08/2016	-I	N	COi	Beg. Arbitrage Gross Proceeds		I 00.0000000			1,742,511. 15	
11/08/2016	2017	y		Underwriter's Discow,t	34,900.00	I00.0000000		34,900.00	1,707,611. 15	
11/0812016	2017	y		Transferred Funds	-251,652.00	100.0000000		-251,652.00	1,959,263.15	
11/0812016	2017	y		Payment to escrow	1,868,480.00	100.0000000		1,86 8,480.00	90,783.1S	

11/17/2016	
2017	y		
COi	
48,072.00	I 00.0000000		
48,072.00	
42,711.15	

11/30/2016	
2017	y		
COi	
3,250.00	
100.0000000		
3,250.00	
39,461.15	
12/02/2016	2017	y		Reserve	1.00	100.0000000		1.00	39,460.1S	

12/06/2016	
2017	y		
COi	
2,925.00	
100.0000000		
2,925.00	
36,535.15	

01/04/2017	
2017	y		Reserve	
3.00	I 00.0000000		
3.00	
36,532.15	

02102/2017	
2017	y		
Reserve	
4.00	
100.0000000		
4.00	
36,528.15	

03/02/2017	
2017	y		Reserve	
4.00	I00.0000000		
4.00	
36,524.15	

04/04/2017	
2017	y		Reserve	
4.00	
I 00.0UOOUOU		
4.00	
36,520.1 S	

05/02/2017	
2017	y		Reserve	
5.00	
100.0000000		
5.00	
36,515 .15	

05/18/2017	
2017	y		
COi	
3,634.00	I 00.0000000		
3,634.00	
32,881.15	

06/02/2017	
2017	y		Reserve	
6.00	
100.0000000		
6.00	
32,875.15	

07/05/2017	
2017	y		Reserve	
5.00	
100.0000000		
5.00	
32,870.15	

08/02/2017	
2017	y		
Reserve	
6.00	
100.0000000		
6.00	
32,864.15	

09105/2017	
2017	y		Reserve	
6.00	I 0 0.0000000		
6.00	
32,858.15	

10/03/2017	
2017	y		Reserve	
5.00	
100.0000000		
5.00	32,853. I 5	

l li02/2017	
2018	y		Reserve	
6.00	
100.0000000		
6.00	
32,847.15	

12/04/2017	
2018	y		Reserve	
5.00	
100.0000000		
5.00	
32,842.15	

01/03/2018	
2018	y		Reserve	
6.00	I 00.0000000		
6.00	
32,836.15	

02/02/2\)18	
2018	y		Reserve	
6.00	
100.0000000		
6.00	
32,830.15	

03/02/2018	
2018	y		Reserve	
5.00	
l00.0000000		
5.00	
32,825.15	

04103/2018	
2018	y		Reserve	
6.00	
I00.0000000		
6.00	
32,819.15	

05/02/2018	
2018	y		
Reserve	
7.00	
100.0000000		
7.00	
32,812.15	

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb I 16.95f EDB I 07/10/2019111 :26 1 Rpt11
Grau & Associates 
Grau  & Associates CPAs	Pag e	1

Indigo East COD
Series 2016 Special Assessment Revenue Refunding Unspent Proceeds Report
$ 1,745,000.00

Dated: Delivered:

11/08/2016
11108/2016

	Cole Dote	Grp
ID	
P11,p	F1111d
ID	
Desmplion	Gross Amo11nl	Pool Percentage	Nnnp11,pou Investment	P11,pose Expendit11m	Unspe111
Promds	
	
06/04/2018	
2018	
y		
Reserve	
7.00	
I00.0000000		
7.00	
32,805.15	
	
07/03/2018	
2018	y		Reserve	
7.00	
I 00.0000000		
7.00	
32,798.15	
	
08/02/2018	
2018	y		Reserve	
8.00	
I00.0000000		
8.00	
32,790.15	
	
OWOS/2018	
2018	y		Reserve	
8.00	
I 00.0000000		
8.00	
32,782.15	
	
10/02/2018	
2018	y		
Reserve	
8.00	
I00.0000000		
8.00	
32,774.15	
						1,709,737.00		0.00	1,709,737.00		

Fmt Investment Date. . . . . . . . . . . . . . . . . . . . . . . . .	11/8/2016	
Calculation Date ............................	10/31/2018	
Arbitrage Yield Limit (AYL). . . . . . . . . . . . . . . . . . . .	4.2559827	
Internal RaJe of Return (IRR). . . . . . . . . . . . . . . . . .	0.1904250	

INDIGO EAS-2016-A I FY: 1 I Mun-EaseElevateMainDb I 16.95fEDB I 07/10/2019 I 11:26 I Rpt11
Grau & Associates	
Grau  & Associates CPAs	Page	2

Indigo East COD	Dated:	11/08/2016
Series 2016 Special Assessment Revenue Refunding	Delivered:	11/08/2016
I.R.R. Report Via Purpose Expenditures
$ I, 745,000.00

Grp	Trans
ID	Date	Fund ID	

Demiption	Day Count Factor	Calculation Amt	Pool (Interert Earnings) Pctg	** Internal PV Factor	Rate of &turn**
PVAmt	
-1 11/08/2016		Beg. Arbitrage Gross Proceeds	0.0000000	(1,742,511.15) 100.000	1.0000000	(1,742,511.15)	
2017 il/08/2016		Underwriter's Discount	0.0000000	34,900.00 100.000	1.0000000	34,900.00	
ll/08/2016		Payment to escrow	0.0000000	l,868,480.00 100.000	1.0000000	1,868,480.00	
11/08/2016		Transferred Funds	0.0000000	(251,652.00) 100.000	1.0000000	(251,652.00)	
11/17/2016	COi	0.0500000	48,072.00	100.000	0.9999524	48,069.71	
l l/30/2016	COi	0.1222222	3,250.00	100.000	0.9998837	3,249.62	
12/02/2016	Reserve	0.1333333	1.00	100.000	0.9998731	1.00	
12/06/2016	COi	0.1555556	2,925.00	100.000	0.9998520	2,924.57	
01/04/2017	Reserve	0.3111111	3.00	100.000	0.9997040	3.00	
02/02/2017	Reserve	0.4666667	4.00	100.000	0.9995560	4.00	
03/02/2017	Reserve	0.6333333	4.00	100.000	0.9993975	4.00	
04/04/2017	Reserve	0.8111 lll	4.00	100.000	0.9992284	4.00	
05/02/2017	Reserve	0.9666667	5.00	100.000	0.9990805	5.00	
05/18/2017	COi	1.0555556	3,634.00	100.000	0.9989960	3,630.35	
06/02/2017	Reserve	1.1333333	6.00	100.000	0.9989220	5.99	
07/05/2017	Reserve	1.3166667	5.00	100.000	0.99874 77	4.99	
08/02/2017	Reserve	1.4666667	6.00	100.000	0.9986052	5.99	
09/05/2017	Reserve	1.6500000	6.00	100.000	0.9984310	5.99	
10/03/2017	Reserve	1.8055556	5.00	100.000	0.9982832	4.99	
2018	11/02/2017	Reserve	l.9666667	6.00	100.000	0.9981301	5.99	
	12/04/2017	Reserve	2.1444444	5.00	100.000	0.9979613	4.99	
	01/03/2018	Reserve	2.3055556	6.00	100.000	0.9978083	5.99	
	02/02/2018	Reserve	2.4666667	6.00	100.000	0.9976553	5.99	
	03/02/2018	Reserve	2.6333333	5.00	100.000	0.9974971	4.99	
	04/03/2018	Reserve	2.8055556	6.00	100.000	0.9973336	5.98	
	05/02/2018	Reserve	2.9666667	7.00	100.000	0.9971807	6.98	
	06/04/2018	Reserve	3.1444444	7.00	100.000	0.9970120	6.98	
	07/03/2018	Reserve	3.3055556	7.00	100.000	0.9968591	6.98	
	08/02/2018	Reserve	3.4666667	8.00	100.000	0.9967063	7.97	
	09/05/2018	Reserve	3.6500000	8.00	100.000	0.9965324	7.97	
	10/02/2018	Reserve	3.8000000	8.00	100.000	0.9963902	7.97	
99999   10/31/2018	Unspent Proceeds as of I 0/31/2018	3.9611111	32,905.00	100.000	0.9962374	32,781.19	
		130.85			0.02	

Arbitrage l'ield Limit . . . . . . . . . . . . . , ..	4.2559827
internal Raie of Return . . . . . . . . . . . . . .	0.1904250
Calcu/adon Standard . . . . . . , , . . . . . . . .	MSRB 30/360 SEMI 4/3

INDIGO EAS-2016-A I FY: 11Mun-EaseElevateMainDb I 16.95f EDB I 07/10/2019 I 11:26 I Rpt09c
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Grau & Associates CPAs