Indigo East Community Development District

Agenda

August15, 2023

Indigo East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

August 9, 2022

Board of Supervisors Indigo East Community Development District

The Board of Supervisors of the Indigo East Community Development District will meet on Tuesday, August 16, 2022 at 9:00 a.m., or as shortly thereafter as reasonably possible at the Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, Florida 34481. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Notice for Meeting
Approval of Minutes of the May 16, 2023 Meeting
Public Hearing
Consideration of Resolution 2023-07 Adopting the Fiscal Year 2024 Budget and Relating to the Annual Appropriations
Consideration of Resolution 2023-08 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2023-09 Designating an Assistant Treasurer of the District
Ratification of Dewberry Work Authorization for Annual Engineer’s Report
Review and Acceptance of Annual Engineer’s Report
Staff Reports
Attorney
District Manager
Approval of Check Register
Balance Sheet and Income Statement
Approval of Fiscal Year 2024 Meeting Schedule
Other Business
Supervisors Requests
Adjournment

George Flint
George S. Flint District Manager

Section III
LOCAL1Q
The Gainesvllle sun The Ledger	PO Box 631244 Cincinnati, OH 45263-1244
Daily Commercial I Ocala StarBa11ner News Chief I Herald-Tribune

PROOF OF PUBLICATION
Monica Virgen
Indigo East Cdd-Gms-Cf 219 E Livingston ST Orlando FL 32801-1508

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Star Banner, published in Marion County, Florida; that the attached copy of advertisement, being a Classified Legal CLEGL, was published on the publicly accessible website of Marion County, Florida, or in a newspaper by print in the issues of, on:

07/25/2023,08/02/2023

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who ispersonal/]AAl(:,J)1	3
Leg

Notary,  State  of  WI,  County  ofB,

My commision expires
Publication Cost:	$1668.33
Order No:	9079045 Customer No:	 536675

# of Copies:
0
PO#:	Indigo East CDD Notice of Public Hearing
THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

Page 1 of 2
INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2023/2024 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
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The Board or Supervisors ("Board") for lhe Indigo East Community Development District ("District") will hold the rollowing two public hearings and a regular meeting:
DATE:	August 15, 2023
TIME:	9:00 AM
LOCATION:	Circle Square Commons Cultural Center
8395 SW 80th S1. Ocala, FL 34481
The first public hearing is being held pursuant to Chapter 190, Florrda Statutes, to receive public comment and objections on the District's proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2023 and ending September 30, 2024 ("Fiscal Year 2023/2024"), The second public hearing is being held pursuanl lo Chapters 190 and 197, Florida Statutes, to consider the imposition of operations and maintenance special assessments ("O&M Assessments'; upon the lands localed within the District, to fund the Proposed Budget for Fiscal Year 2023/2024; to consider the adoption of an assessment roll; and, to provide ror the levy, collection, and enforcement or assessments, At the conclusion of the heanngs, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A Board meeting of the District will also be held where the Board may consider any other District business
 adotiDo or A'3se wonl!1
The District imposes O&M Assessments on benefitted property within the District for the purpose or funding the District's general administrative, operations, and maintenance budget and providing the funds necessary to pay debt service on outstanding bonds as reflected in the District's debt service budget A geographic depiction of the property potenlially subject lo the proposed O&M Assessments is identified in the map atlached hereto. The table below shows the schedule or the proposed O&M Assessments, which are subject to change al the hearing:

Lar1d Use	Total of Units	EAU Factor

 $in le FamU	605"Unlts	1 00	

The proposed O&M Assessments as stated include collection costs and/or early payment discounts, which Marion County ("County") may impose on assessments that are collected on the County tax bill. Moreover, pursuant lo Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for O&M Assessments, such that no assessment hearing shall be held or notice provided in future years unless the assessments are proposed to be increased or another criterion within Section 197..3632(4), Florida Statutes, is rne1. Nole thal the O&M Assessments do not include any debt service assessments previously levied by the District and due to be collected for Fiscal Year 2023/2024.
For Fiscal Year 2023/2024, the District intends to have the County tax collector collect the assessments imposed on certain developed property, and will directly collect the assessments imposed on the remaining benefitted property by sending out a bill prior to, or during, November 2023. It is important to pay your assessment because failure to pay will cause a tax certificate to be issued against the property which may result in loss of title, or for direct billed assessments, may result in a foreclosure action, which also may result in a loss of title, The District's decision to collect assessments on the tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future lime.
Adrll1ianal PrnYl:slQna.
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law, A copy of the Proposed Budget, proposed assessment roll, and the agenda for the hearings and mee1ing may be obtained at the offices of the District Manager, located at 219 E. Livingston Street, Orlando, Florida 32801, Ph: (407) 841-5524 ("District Manager's Office"), during normal business hours. The public hearings and meeting may be continued lo a date, time, and place to be specified on the record at the hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager's OHice at least forty-eight (4B) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-600-955-B771 (TTY)/ 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office
Please note that all affected property owners have the right to appear al the public hearings and meeting, and may also file written objections with the District Manager's Office within twenty days of publication of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of 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 lo be based.
George S. Flint
Governmental Management Services - Central Florida, LLC District Manager

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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 16, 2023 at 9:00 a.m. at Circle Square Commons, 8395 SW 80th Street, Ocala, FL.

Present and constituting a quorum:

John Gysen	Chairman
Cynthia LaFrance	Vice Chairperson
Terry Solan	Assistant Secretary
Harold Brouillard	Assistant Secretary
Bob Hutson	Assistant Secretary

Also present were:

George Flint	District Manager
Guy Woolbright	OTOW
Andy Jorgensen	OTOW
Bo Stepp	Colen Built
Kristin Finger	Colen Built

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order. Five Board members were present, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Next is the public comment period. 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 they would like to bring to the Board’s attention. I just see Candler Board members and staff here, so we will go ahead and move on.
May 16, 2023	Indigo East CDD

THIRD ORDER OF BUSINESS	Notice for Meeting
Mr. Flint: The meeting notice was published in the Ocala Star Banner, and you see the affidavit of publication in your agenda, indicating the meeting advertised for today, May 16th, 2023.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the February 21,
2023 Meeting
Mr. Flint: The next item is approval of the February 21st, 2023 meeting minutes. Did the Board have any comments or corrections to those?
Mr. Gysen: The only comment I have is on Page 4, where it says “Mr. Gysen”, but I believe it was Mr. Hutson that said that.
Mr. Flint: Okay, any other comments or corrections? If not, is there a motion to approve the minutes as amended?

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-05
Approving the Proposed Fiscal Year 2024 Budget and Setting a Public Hearing
Mr. Flint: Each year, the Board is required to approve a proposed budget by June 15th and set the public hearing for its final adoption. We are recommending that you set the hearing for your August 15th, 2023 meeting at 9:00 a.m. at this location. Exhibit A attached to the resolution is the proposed budget. This is not binding on the Board, but if there is contemplated to be any increases in the per unit assessment, we would want to identify that today. Then at the public hearing, you could go down but couldn’t go higher than what we have included in the proposed budget. Otherwise, the individual line items can be adjusted. The assessments could be lowered back down from whatever they are in the proposed budget and other changes can be made as needed. As far as the proposed budget, it’s attached as Exhibit A. We have a couple of changes, and one is that where it says “Revenue”, it should be “intergovernmental” contributions, not “intra”, so that change will be made for the record. We are showing a transfer-out of $25,000 to the Capital
May 16, 2023	Indigo East CDD
Reserve, and we need to reflect that as being transferred in the Capital Reserve fund on page 10. I’d like to have those changes reflected. As far as the budget goes on the “administrative expenses”, we are showing increases in the management-related fees. Everyone knows that inflation is driving labor and material costs higher, so we are seeking increases in the associated line items for management. When we originally hired, it was a package deal with Bay Laurel, Indigo, and Candler, so we discounted these fees, and they are still significantly lower than our other Districts. You’re not approving that today, but that is in here. We’ve allowed for an increase in liability insurance policy, and again, we won’t know what that will be until closer to the start of next fiscal year. On our Operating & Maintenance side, there is a small increase in the right-of-way maintenance, and that is primarily related to a 2.5% increase in pine straw going into the next fiscal year. The insurance, I believe, we’ve allowed for a 15% increase, and that is anticipated to go up fairly significantly. That is only a $260 increase in the actual line item. We’ve included a contingency of $10,000 and a transfer-out to Capital Reserve of $25,000. For the last several years, we’ve been using fund balance cash to balance the budget. If you look at the current year, the budget was adopted using $33,470 of carry-forward surplus to balance, and you see that in the first column on the first page up in “Revenue.” We can’t really use cash anymore to balance, we’re showing an ending fund balance of $83,758. Our estimated operating reserve is about $77,000. We can’t use cash going forward because we are pretty close to hitting what our operating reserve requirement is. So, this budgeting includes the proposed increase from $447 per unit to $587 per unit. That’s a combination of incremental adjustments to your landscape costs and other operating costs, including a small contingency, a transfer out to capital reserve, and eliminating cash to balance the fund. Are there any questions on the proposed budget? Again, you are not approving the budget today, you’re just approving the proposed budget. At the August meeting, you would hold the public hearing for final approval. If you do approve this proposed budget, there would be a mailed notice that would have to go out 30 days before the public hearing to all of the homeowners within Indigo, letting them know the date place and time of the hearing and the proposed increase. Any questions?
Ms. LaFrance: So, the increase is $140. There’s no other way that we can get around that, correct?
Mr. Flint: The landscaping is one of your biggest costs, and we bid that out every couple of years. We are going into the second year of the contract, and we bid it out last year. Your capital
May 16, 2023	Indigo East CDD
reserve, we haven’t been transferring money into that for the last several years. We need to start doing that again because we are going to actually be doing some repaving. You don’t have the cash to be able to balance with the cash reserves any longer. We still have enough for an operating reserve, but you really don’t want to go below that. I don’t know that there’s a lot of options, you could eliminate the transfer to capital reserve, we could get rid of the contingency. It’s a pretty tight budget. Any other comments, questions, or discussion?

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-06
Establishing Bank Account Signatories
Mr. Flint: We went back and reviewed the records, and we are just matching up our bank account signers to authorization from the Board. This resolution authorizes the Treasurer, Assistant Treasurers, and the Secretary as signers on your operating account. Right now the Treasurer and Secretary—I’m the Secretary—and then the Treasurer for the District are the signers. We are just documenting that in this resolution, it’s not really impacting anything other than just documenting what we are already doing. Rather than putting specific names in here, it’s easier to put the position because every time you make a change in your officers, we would have to change the resolution if we had specific names. Any questions or comments? Is there a motion then to approve?

SEVENTH ORDER OF BUSINESS	Consideration  of  Proposal  from  D&D
Asphalt Paving and Repair
Mr. Flint: This is for milling and repaving. This proposal is dated with an expiration date of March 21st; however the contractor has been contacted and they have agreed to extend their price. There are 3 sections of roadway that are identified here. My understanding is that Andy Jorgenson is here with Colen Built. He facilitated getting this proposal. This contractor is the contractor that OTOW uses for all their repaving and a lot if their new construction. They’ve been out in the past and believe that D&D is going to be the most competitive as far as pricing goes.
May 16, 2023	Indigo East CDD
The first 2 sections of roadway are the oldest sections within Indigo. The 3rd section, I understand, there is a hydraulic stain on the road, but otherwise the road is in good condition. He would actually recommend that the milling and repaving of Southwest 77th be deferred at this time because it’s really just an aesthetic issue. The only thing that’s not included in here are the risers for the manholes, and there’s an estimate of $3,500 for that cost. Andy is here if there’s any questions on the proposal or any discussion from the Board. Our recommendation would be to just do the first 2 and then add $3,500 for the risers. That makes it $106,267. Any questions or comments? Is there a motion then to approve?

Mr. Flint: We will get an agreement drafted for that work. We also want to thank Andy and the others from Colen Built in facilitating getting those proposals.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
There being no comments, the next item followed.

District Manager
Approval of Check Register
Mr. Flint: You have the approval of the chest register from January 1st through March 31st, 2023 for the General Fund and the Board Pay for $79,798.42. Any questions on the check register? Ms. LaFrance: Yes, on page 2, the very last entry where it says, “Candler Hills East CDD”.
The check is written for $2,000; I think that’s a typo isn’t it?
Mr. Flint: Yes, that should be “Indigo”. The fees are the same though. The check is going to the trustee at US Bank, but it would be the same dollar amount for Candler and Indigo for the trustee fees. Actually, I will have to check on that. It may be that Candler paid and we are reimbursing them for 50% of the cost. I think that is actually the case. Either way, I will change the name or leave it.
Ms. LaFrance: Thank you.
May 16, 2023	Indigo East CDD

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financial statements through March 31st, and then you have the combined balance sheet reflecting each of the funds. Then you have the statement of Revenue and Expenditures for each fund. At this point at the end of March, we collected $233,000 of the $254,000 certified for collections on the tax roll. We are at about 92% collected. The balance of that may have come in since March 31st. If not, it will come in from the tax certificate sales. Your administrative costs are slightly over the prorated budget, and that is primarily attorney’s fees. Some of those were reimbursed, and they were related to the financing for Bay Laurel from the additional meeting costs. You can see Bay Laurel contributions, this shows $1,500, but after this there was another transfer-in of some additional funds. Any questions on the financial statements?

Presentation of Number of Registered Voters: 948
Mr. Flint: Each year as of April 15th, we are required to announce the number of registered voters within the District, and as you can see there are 948. That really does come into play for us anymore since the Board is fully transitioned to resident control, but we are still required to announce each year.

NINTH ORDER OF BUSINESS	Other Business
Mr. Flint: That is all of the business that we had on the agenda. Were there any other items that the Board wanted to discuss that were not on the agenda? Hearing none,

TENTH ORDER OF BUSINESS	Supervisors Request
Mr. Flint: Are there any Supervisor requests? Hearing no comments, we will move on to the next item.
May 16, 2023	Indigo East CDD
ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section V

Section A
RESOLUTION 2023-07

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, 2023, AND ENDING SEPTEMBER 30, 2024.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 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 15, 2023, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(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 2023 and/or revised projections for Fiscal Year 2024.

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, 2023," as adopted by the Board of Supervisors on August 14, 2023.

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, 2023, and ending September 30, 2024, 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 15th day of August, 2023. ATTEST:	INDIGO EAST COMMUNITY
DEVELOPMENT DISTRICT

Secretary
By:	 Its:	

Indigo East
Community Development District

Proposed Budget
FY2024

6M3

Table of Contents

1-2

3-7

8

9

10
General Fund

General Fund Narrative

Debt Service Fund - Series 2016

Amortization Schedule - Series 2016

Capital Reserves Fund

Indigo East
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024		

Revenues						
Maintenance Assessments	$	254,337	$	255,982	$	-	$	255,982	$	333,934		
Intergovernmental Contributions	$	-	$	3,250	$	1,750	$	5,000	$	-		
Interest	$	-	$	17	$	4	$	21	$	-		
Carry Forward Surplus	$	33,470	$	112,102	$	-	$	112,102	$	-	
Total Revenues	$	287,808	$	371,350	$	1,754	$	373,104	$	333,934	

Expenditures						
General & Administrative						
Supervisor Fees	$	4,000	$	3,000	$	1,000	$	4,000	$	4,000	
FICA Expense	$	306	$	184	$	77	$	260	$	306	
Engineering	$	1,200	$	3,668	$	400	$	4,068	$	4,000	
Trustee Fees	$	2,050	$	2,020	$	-	$	2,020	$	2,050	
Dissemination	$	2,500	$	1,875	$	625	$	2,500	$	2,650	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Assessment Roll	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Attorney	$	6,000	$	6,330	$	3,000	$	9,330	$	6,100	
Annual Audit	$	3,800	$	3,900	$	-	$	3,900	$	4,000	
Management Fees	$	7,834	$	5,875	$	1,958	$	7,834	$	8,304	
Information Technology	$	800	$	600	$	200	$	800	$	848	
Website Maintenance	$	600	$	450	$	150	$	600	$	636	
Telephone	$	100	$	-	$	25	$	25	$	100	
Postage	$	625	$	54	$	715	$	769	$	200	
Printing & Binding	$	500	$	334	$	200	$	534	$	500	
Insurance	$	8,077	$	7,236	$	-	$	7,236	$	7,960	
Legal Advertising	$	1,000	$	140	$	800	$	940	$	1,000	
Other Current Charges	$	1,200	$	820	$	270	$	1,090	$	1,200	
Office Supplies	$	200	$	84	$	50	$	134	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	46,417	$	42,195	$	9,470	$	51,665	$	49,979	
Indigo East
Community Development District Proposed Budget
General Fund

-	-	-	-

-	-	-	-

Total Expenditures	$	287,808	$	186,469	$	65,538	$	252,006	$	333,934	
						
Excess Revenues/(Expenditures)	$	-	$	184,881	$	(63,784)	$	121,098	$	-	
		
FY2021	
FY2022	
FY2023	
FY2024	
	Net Assessments	$254,337	$254,337	$254,337	$333,934	
	Discounts & Collections (6%)	$16,234	$16,234	$16,234	$21,315	
	Gross Assessments	$270,572	$270,572	$270,572	$355,249	
	
Total Units	
605	
605	
605	
605	
	Assessments per Unit	$447	$447	$447	$587	
Indigo East
Community Development District
General Fund Budget

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 Truist 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 provides 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.

Arbitrage

The District has contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Special Assessment Refunding Bonds.
Indigo East
Community Development District
General Fund Budget

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 provides 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. The District has contracted with Grau & Associates for this service.

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

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage

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

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Indigo East
Community Development District
General Fund Budget

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 CA Florida Holdings LLC.

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.

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 CDD.

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).

Irrigation Repairs

To record the cost of various repairs that may be needed to the irrigation system.
Indigo East
Community Development District
General Fund Budget

Retention Ponds/ROW Maintenance
The District has contracted with Earthscapes Unlimited, Inc 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.

Edging / 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."

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

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

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

Description	Monthly	Annually	
Earthscapes Unlimited Inc	$11,244	$134,925	
Everglades Pine Straw 10,100 bales @ $5.28 /bale)			$53,328 	
TOTAL		$188,253	

Plant Replacement

Estimated cost to replace damaged plants within the District.

Tree Trimming

Estimated cost for tree trimming within the District.

Pressure Washing

Estimated cost to pressure wash, annually, curbs, sidewalks and common areas maintained by the District.
Indigo East
Community Development District
General Fund Budget

Well Repairs and Maintenance

Estimated cost for repairs and maintenance of the two wells.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Capital Reserve - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Indigo East
Community Development District Proposed Budget
Debt Service Fund Series 2016

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024		

Revenues						
Assessments - Tax Roll	$	83,043	$	83,135	$	-	$	83,135	$	82,589	
Assessments - Prepayments	$	-	$	-	$	-	$	-	$	-	
Interest Income	$	-	$	2,256	$	564	$	2,819	$	-	
Carry Forward Surplus	$	97,065	$	97,701	$	-	$	97,701	$	90,762	
Total Revenues	$	180,107	$	183,092	$	564	$	183,656	$	173,351	

Expenditures						
Special Call - 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Interest - 11/1	$	19,153	$	19,050	$	-	$	19,050	$	18,263	
Principal - 5/1	$	45,000	$	45,000	$	-	$	45,000	$	45,000	
Interest - 5/1	$	19,153	$	18,844	$	-	$	18,844	$	18,263	
Total Expenditures	$	83,306	$	92,894	$	-	$	92,894	$	81,525	
						
Excess Revenues/(Expenditures)	$	96,801	$	90,198	$	564	$	90,762	$	91,826	
				
Nov 1, 2024	
$17,419	
				Net Assessments	$82,589	
Discounts & Collections (6%) 	$5,272 						
Gross Assessments	$87,861					

Total Units 		182  Assessments per Unit 	$483 
Indigo East Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	
							
11/01/23	$	855,000.00	$	-	$	18,262.50	$	82,312.50	
05/01/24	$	855,000.00	$	45,000.00	$	18,262.50			
11/01/24	$	810,000.00	$	-	$	17,418.75	$	80,681.25	
05/01/25	$	810,000.00	$	45,000.00	$	17,418.75			
11/01/25	$	765,000.00	$	-	$	16,575.00	$	78,993.75	
05/01/26	$	765,000.00	$	50,000.00	$	16,575.00			
11/01/26	$	715,000.00	$	-	$	15,543.75	$	82,118.75	
05/01/27	$	715,000.00	$	55,000.00	$	15,543.75			
11/01/27	$	660,000.00	$	-	$	14,409.38	$	84,953.13	
05/01/28	$	660,000.00	$	55,000.00	$	14,409.38			
11/01/28	$	605,000.00	$	-	$	13,275.00	$	82,684.38	
05/01/29	$	605,000.00	$	60,000.00	$	13,275.00			
11/01/29	$	545,000.00	$	-	$	12,037.50	$	85,312.50	
05/01/30	$	545,000.00	$	60,000.00	$	12,037.50			
11/01/30	$	485,000.00	$	-	$	10,800.00	$	82,837.50	
05/01/31	$	485,000.00	$	60,000.00	$	10,800.00			
11/01/31	$	425,000.00	$	-	$	9,562.50	$	80,362.50	
05/01/32	$	425,000.00	$	65,000.00	$	9,562.50			
11/01/32	$	360,000.00	$	-	$	8,100.00	$	82,662.50	
05/01/33	$	360,000.00	$	65,000.00	$	8,100.00			
11/01/33	$	295,000.00	$	-	$	6,637.50	$	79,737.50	
05/01/34	$	295,000.00	$	70,000.00	$	6,637.50			
11/01/34	$	225,000.00	$	-	$	5,062.50	$	81,700.00	
05/01/35	$	225,000.00	$	70,000.00	$	5,062.50			
11/01/35	$	155,000.00	$	-	$	3,487.50	$	78,550.00	
05/01/36	$	155,000.00	$	75,000.00	$	3,487.50			
11/01/36	$	80,000.00	$	-	$	1,800.00	$	80,287.50	
05/01/37	$	80,000.00	$	80,000.00	$	1,800.00	$	81,800.00	
			$	900,000.00	$	324,993.75	$	1,224,993.75	
Indigo East
Community Development District Proposed Budget
Capital Reserves Fund

-	-	-	-

-	-	-	-

Section B
RESOLUTION 2023-08

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 Community 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 2023-2024 (“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 2023-2024; 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 15th day of August, 2023.

ATTEST:	INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary/ Assistant Secretary
By:	 Its:	

Indigo East
Community Development District

Proposed Budget
FY2024

6M3

Table of Contents

1-2

3-7

8

9

10
General Fund

General Fund Narrative

Debt Service Fund - Series 2016

Amortization Schedule - Series 2016

Capital Reserves Fund

Indigo East
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024		

Revenues						
Maintenance Assessments	$	254,337	$	255,982	$	-	$	255,982	$	333,934		
Intergovernmental Contributions	$	-	$	3,250	$	1,750	$	5,000	$	-		
Interest	$	-	$	17	$	4	$	21	$	-		
Carry Forward Surplus	$	33,470	$	112,102	$	-	$	112,102	$	-	
Total Revenues	$	287,808	$	371,350	$	1,754	$	373,104	$	333,934	

Expenditures						
General & Administrative						
Supervisor Fees	$	4,000	$	3,000	$	1,000	$	4,000	$	4,000	
FICA Expense	$	306	$	184	$	77	$	260	$	306	
Engineering	$	1,200	$	3,668	$	400	$	4,068	$	4,000	
Trustee Fees	$	2,050	$	2,020	$	-	$	2,020	$	2,050	
Dissemination	$	2,500	$	1,875	$	625	$	2,500	$	2,650	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Assessment Roll	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Attorney	$	6,000	$	6,330	$	3,000	$	9,330	$	6,100	
Annual Audit	$	3,800	$	3,900	$	-	$	3,900	$	4,000	
Management Fees	$	7,834	$	5,875	$	1,958	$	7,834	$	8,304	
Information Technology	$	800	$	600	$	200	$	800	$	848	
Website Maintenance	$	600	$	450	$	150	$	600	$	636	
Telephone	$	100	$	-	$	25	$	25	$	100	
Postage	$	625	$	54	$	715	$	769	$	200	
Printing & Binding	$	500	$	334	$	200	$	534	$	500	
Insurance	$	8,077	$	7,236	$	-	$	7,236	$	7,960	
Legal Advertising	$	1,000	$	140	$	800	$	940	$	1,000	
Other Current Charges	$	1,200	$	820	$	270	$	1,090	$	1,200	
Office Supplies	$	200	$	84	$	50	$	134	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	46,417	$	42,195	$	9,470	$	51,665	$	49,979	
Indigo East
Community Development District Proposed Budget
General Fund

-	-	-	-

-	-	-	-

Total Expenditures	$	287,808	$	186,469	$	65,538	$	252,006	$	333,934	
						
Excess Revenues/(Expenditures)	$	-	$	184,881	$	(63,784)	$	121,098	$	-	
		
FY2021	
FY2022	
FY2023	
FY2024	
	Net Assessments	$254,337	$254,337	$254,337	$333,934	
	Discounts & Collections (6%)	$16,234	$16,234	$16,234	$21,315	
	Gross Assessments	$270,572	$270,572	$270,572	$355,249	
	
Total Units	
605	
605	
605	
605	
	Assessments per Unit	$447	$447	$447	$587	
Indigo East
Community Development District
General Fund Budget

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 Truist 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 provides 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.

Arbitrage

The District has contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Special Assessment Refunding Bonds.
Indigo East
Community Development District
General Fund Budget

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 provides 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. The District has contracted with Grau & Associates for this service.

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

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage

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

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Indigo East
Community Development District
General Fund Budget

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 CA Florida Holdings LLC.

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.

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 CDD.

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).

Irrigation Repairs

To record the cost of various repairs that may be needed to the irrigation system.
Indigo East
Community Development District
General Fund Budget

Retention Ponds/ROW Maintenance
The District has contracted with Earthscapes Unlimited, Inc 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.

Edging / 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."

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

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

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

Description	Monthly	Annually	
Earthscapes Unlimited Inc	$11,244	$134,925	
Everglades Pine Straw 10,100 bales @ $5.28 /bale)			$53,328 	
TOTAL		$188,253	

Plant Replacement

Estimated cost to replace damaged plants within the District.

Tree Trimming

Estimated cost for tree trimming within the District.

Pressure Washing

Estimated cost to pressure wash, annually, curbs, sidewalks and common areas maintained by the District.
Indigo East
Community Development District
General Fund Budget

Well Repairs and Maintenance

Estimated cost for repairs and maintenance of the two wells.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Capital Reserve - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Indigo East
Community Development District Proposed Budget
Debt Service Fund Series 2016

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024		

Revenues						
Assessments - Tax Roll	$	83,043	$	83,135	$	-	$	83,135	$	82,589	
Assessments - Prepayments	$	-	$	-	$	-	$	-	$	-	
Interest Income	$	-	$	2,256	$	564	$	2,819	$	-	
Carry Forward Surplus	$	97,065	$	97,701	$	-	$	97,701	$	90,762	
Total Revenues	$	180,107	$	183,092	$	564	$	183,656	$	173,351	

Expenditures						
Special Call - 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Interest - 11/1	$	19,153	$	19,050	$	-	$	19,050	$	18,263	
Principal - 5/1	$	45,000	$	45,000	$	-	$	45,000	$	45,000	
Interest - 5/1	$	19,153	$	18,844	$	-	$	18,844	$	18,263	
Total Expenditures	$	83,306	$	92,894	$	-	$	92,894	$	81,525	
						
Excess Revenues/(Expenditures)	$	96,801	$	90,198	$	564	$	90,762	$	91,826	
				
Nov 1, 2024	
$17,419	
				Net Assessments	$82,589	
Discounts & Collections (6%) 	$5,272 						
Gross Assessments	$87,861					

Total Units 		182  Assessments per Unit 	$483 
Indigo East Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	
							
11/01/23	$	855,000.00	$	-	$	18,262.50	$	82,312.50	
05/01/24	$	855,000.00	$	45,000.00	$	18,262.50			
11/01/24	$	810,000.00	$	-	$	17,418.75	$	80,681.25	
05/01/25	$	810,000.00	$	45,000.00	$	17,418.75			
11/01/25	$	765,000.00	$	-	$	16,575.00	$	78,993.75	
05/01/26	$	765,000.00	$	50,000.00	$	16,575.00			
11/01/26	$	715,000.00	$	-	$	15,543.75	$	82,118.75	
05/01/27	$	715,000.00	$	55,000.00	$	15,543.75			
11/01/27	$	660,000.00	$	-	$	14,409.38	$	84,953.13	
05/01/28	$	660,000.00	$	55,000.00	$	14,409.38			
11/01/28	$	605,000.00	$	-	$	13,275.00	$	82,684.38	
05/01/29	$	605,000.00	$	60,000.00	$	13,275.00			
11/01/29	$	545,000.00	$	-	$	12,037.50	$	85,312.50	
05/01/30	$	545,000.00	$	60,000.00	$	12,037.50			
11/01/30	$	485,000.00	$	-	$	10,800.00	$	82,837.50	
05/01/31	$	485,000.00	$	60,000.00	$	10,800.00			
11/01/31	$	425,000.00	$	-	$	9,562.50	$	80,362.50	
05/01/32	$	425,000.00	$	65,000.00	$	9,562.50			
11/01/32	$	360,000.00	$	-	$	8,100.00	$	82,662.50	
05/01/33	$	360,000.00	$	65,000.00	$	8,100.00			
11/01/33	$	295,000.00	$	-	$	6,637.50	$	79,737.50	
05/01/34	$	295,000.00	$	70,000.00	$	6,637.50			
11/01/34	$	225,000.00	$	-	$	5,062.50	$	81,700.00	
05/01/35	$	225,000.00	$	70,000.00	$	5,062.50			
11/01/35	$	155,000.00	$	-	$	3,487.50	$	78,550.00	
05/01/36	$	155,000.00	$	75,000.00	$	3,487.50			
11/01/36	$	80,000.00	$	-	$	1,800.00	$	80,287.50	
05/01/37	$	80,000.00	$	80,000.00	$	1,800.00	$	81,800.00	
			$	900,000.00	$	324,993.75	$	1,224,993.75	
Indigo East
Community Development District Proposed Budget
Capital Reserves Fund

-	-	-	-

-	-	-	-

Section VI
RESOLUTION 2023-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT DESIGNATING AN ASSISTANT TREASURER OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, Indigo East Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Marion County, Florida; and

Whereas, the Board of Supervisors of the District desires to appoint an Assistant Treasurer.

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

SECTION 1.  Darrin Mossing, Sr. is appointed Assistant Treasurer.

SECTION 2.  This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 15th day of August 2023.

ATTEST:	INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Section VII

Dewberry Engineers Inc. 800 N. Magnolia Ave, Suite 1000
Orlando, FL 32803
407.843.5120
407.649.8664 fax
www.dewberry.com

Sent Via Email: gfl.int@gmscfl.com

May 3, 2023

Mr. George Flint
Indigo East Community Development District
219 East Livingston Street Orlando, Florida 32801

Subject:	Work Authorization Nmnber 2023-1
Indigo East Community Development District Annual Engineer's Report 2023

Dear Chairman, Board of Supervisors:

Dewberry Engineers Inc. (Engineer) is pleased to submit this Work Authorization to provide professional consulting engineering services for the Indigo East Community Development District (CDD). We will provide these services pursuant to our current agreement ("District Engineering Agreement") as follows:

Scope of Work

We will provide the Annual Engineer's Report for the CDD as required by the Trust Indenture for this fiscal year. The report will address the requirements as detailed in Section 9.21 of the Trust.

Fees

The CDD will compensate the Engineer pursuant to the hourly rate schedule contained in the District Engineering Agreement. We estimate a budget in the amount of $1,300, plus other direct costs. The CDD will reimburse the Engineer all direct costs, which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Engineering Agreement.

Thank you for considering Dewberry. We look forward to helping you create a quality project.

APPROVED AND ACCEPTED

ey Malave, P.E. Dewberry Engineers Inc. Associate Vice President

May 3. 2023
Date

By:
J}. res ak:-.
Indigo East
Community Development District
5j11...J1.1
Date

Page 1 of 1

Section VIII

Sent Via Email: gflint@gmscfl.com

June 20, 2023

Mr. George Flint District Manager
Indigo East Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801

Subject:	District Engineers Report - 2023
Indigo East Community Development District Bond Series 2016
Section 9.21 of the Master Trust Indenture

Dear Mr. Flint:

In accordance with Section 9.21 of the Master Trust Indenture for the Indigo East Community Development District (CDD), we have completed our annual review of the portions of the project within this CDD as constructed to date. We find, based on said inspection and our knowledge of the community, that those portions of the infrastructure are being maintained in reasonable good repair.

We have reviewed the Operation and Maintenance budget for the Fiscal Year 2024 and believe that it is sufficient for the proper operation and maintenance of the Indigo East CDD.

In addition, and in accordance with this Section 9.21 of the Master Trust Indenture, we have reviewed the current limits of insurance coverage and we believe that this is adequate for the community.

Should you have any questions or require additional information, please contact me at (321) 354-9656. Sincerely,

Reinardo Malavé, P.E. District Engineer
Indigo East Community Development District

RM:ap
J:\3OT41\_Administrative Jobs\REPORTS\Annual Engineer's Report\Indigo East District Engineer’s Report 2023 Bond Series 2016_06-20-2023

Page 1 of 1

Section IX

Section B

Section 1
Indigo East
Community Development District
Summary of Invoices

April 1, 2023 to July 31, 2023

Fund	Date	Check No.'s		Amount	

General Fund	
4/13/23	
1622	
$	
980.98	
	4/19/23	1623	$	3,330.00	
	4/26/23	1624	$	49,544.33	
	5/10/23	1625 - 1626	$	23,399.75	
	5/17/23	1627 - 1628	$	16,796.06	
	6/21/23	1629	$	1,082.11	
	6/27/23	1630	$	3,217.50	
	7/18/23	1631 - 1632	$	12,188.16	
	7/25/23	1633	$	709.26	
			$	111,248.15	
Payroll	April - July 2023
Cynthia Lafrance	
50273	
$	
184.70	
	Harold Brouillard	50274	$	184.70	
	Robert D Hutson	50275	$	184.70	
	John Gysen	50276	$	200.00	
	Terrance Solan	50277	$	184.70	
			$	938.80	
			$	112,186.95	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/08/23	PAGE	1
*** CHECK DATES 04/01/2023 - 07/31/2023 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
244	202304 310-51300-34000
MANAGEMENT FEES - APR 23
244	202304 310-51300-34200
WEBSITE MANAGEMENT-APR 23
244	202304 310-51300-34100
INFORMATION TECH - APR 23
244	202304 310-51300-31300
DISSEMINATION SVCS-APR 23
244	202304 310-51300-51000
OFFICE SUPPLIES
4/01/23 244	202304 310-51300-42000
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	980.98 001622
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00002	4/18/23 2890-DEC 202212 310-51300-31500	*	1,150.00
PREPARE/ATTEND MTG-DEC 22
4/18/23 2890-FEB 202302 310-51300-31500	*	1,500.00
PREPARE/ATTEND MTG-FEB 23
4/18/23 2890-JAN 202301 310-51300-31500	*	450.00
PREPARE/ATTEND MTG-JAN 23
4/18/23 2890-MAR 202303 310-51300-31500	*	80.00
PREPARE/ATTEND MTG-MAR 23
4/18/23 2890-NOV 202211 310-51300-31500	*	150.00
PREPARE/ATTEND MTG-NOV 22
COLEN & WAGONER P.A.	3,330.00 001623
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/23 00035	4/26/23 04262023 202304 300-20700-10000	*	49,544.33
ASSESSMENT TXFER - S2016
INDIGO EAST CDD C/O USBANK	49,544.33 001624
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00047	3/20/23 77151	202302 320-53800-47300	*	11,210.33
ROW MAINTENANCE - FEB 23
4/03/23 77378	202303 320-53800-47300	*	11,210.33
ROW MAINTENANCE - MAR 23
EARTHSCAPES UNLIMITED INC.	22,420.66 001625
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00019	5/01/23 245	202305 310-51300-34000	*	652.83
MANAGEMENT FEES - MAY 23
5/01/23 245	202305 310-51300-34200	*	50.00
WEBSITE MANAGEMENT-MAY 23
5/01/23 245	202305 310-51300-34100	*	66.67
INFORMATION TECH - MAY 23
5/01/23 245	202305 310-51300-31300	*	208.33
DISSEMINATION SVCS-MAY 23
5/01/23 245	202305 310-51300-51000	*	.06
OFFICE SUPPLIES
INDE INDIGO EAST	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/08/23	PAGE	2
*** CHECK DATES 04/01/2023 - 07/31/2023 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/01/23 245	202305 310-51300-42000	*	1.20
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	979.09 001626
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00047	3/21/23 77177	202302 320-53800-47600	*	2,197.69
INDIGO JUNIPER RPLC 2/27
4/03/23 77613	202304 320-53800-47600	*	124.80
PLUMBAGO PLANT REPLACEMNT
EARTHSCAPES UNLIMITED INC.	2,322.49 001627
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00054	5/09/23 25784	202305 320-53800-47700	*	14,473.57
PRESS.WASH SIDEWALKS/CURB
FACILITY RESOURCES, INC.	14,473.57 001628
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/21/23 00019	6/01/23 246	202306 310-51300-34000	*	652.83
MANAGEMENT FEES JUN23
6/01/23 246	202306 310-51300-34200	*	50.00
WEBSITE ADMIN JUN23
6/01/23 246	202306 310-51300-34300	*	66.67
INFORMATION TECH JUN23
6/01/23 246	202306 310-51300-31300	*	208.33
DISSEMINATION SVCS JUN23
6/01/23 246	202306 310-51300-51000	*	.24
OFFICE SUPPLIES JUN23
6/01/23 246	202306 310-51300-42000	*	23.04
POSTAGE JUN23
6/01/23 246	202306 310-51300-42500	*	81.00
COPIES JUN23
GOVERNMENTAL MANAGEMENT SERVICES	1,082.11 001629
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/23 00052	6/14/23 2296063	202305 310-51300-31100	*	3,217.50
ENGINEER'S REPORT MAY23
DEWBERRY ENGINEERS INC.	3,217.50 001630
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00047	6/01/23 78371	202305 320-53800-47300	*	11,210.33
ROW MAINTENANCE MAY23
EARTHSCAPES UNLIMITED INC.	11,210.33 001631
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00019	7/01/23 247	202307 310-51300-34000	*	652.83
MANAGEMENT FEES JUL23
7/01/23 247	202307 310-51300-34300	*	66.67
INFORMATION TECH JUL23
7/01/23 247	202307 310-51300-31300	*	208.33
DISSEMINATION SVCS JUL23
7/01/23 247	202307 310-51300-34200	*	50.00
WEBSITE ADMIN JUL23
GOVERNMENTAL MANAGEMENT SERVICES	977.83 001632
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
INDE INDIGO EAST	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/08/23	PAGE	3
*** CHECK DATES 04/01/2023 - 07/31/2023 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/25/23 00077	7/25/23 9075595	202307 310-51300-42000	*	709.26
PRINTING/POSTAGE/DELIVERY
ACTION MAIL SERVICES	709.26 001633
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	111,248.15
TOTAL FOR REGISTER	111,248.15

INDE INDIGO EAST	ZYAN

Section 2

Indigo East
Community Development District

Unaudited Financial Reporting
June 30, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund	

5	
	Capital Reserve Fund	

6	
	Month to Month	

7	
	Long-Term Debt	

8	
	Assessment Receipt Schedule	
Indigo East
Community Development District Combined Balance Sheet
June 30, 2023

Assets:
Cash						
Operating Account	$	202,648	$	-	$	-	$	202,648		
Investment						
State Board Administration	$	-	$	-	$	476,855	$	476,855		
Series 2016						
Reserve	$	-	$	32,905	$	-	$	32,905				
Revenue	$	-	$	85,087	$	-	$	85,087				
Prepayment	$	-	$	27	$	-	$	27				
Accrued Interest Receivable	$	-	$	190	$	99	$	289				
Due from General Fund	$	-	$	4,894	$	-	$	4,894				
Due from Capital Reserves	$	9,548	$	-	$	-	$	9,548				
Total Assets	$	212,196	$	123,103	$	476,954	$	812,254			

Liabilities:						
Accounts Payable	$	22,421	$	-	$	-	$	22,421			
Due to Debt Service	$	4,894	$	-	$	-	$	4,894			
Due to General Fund	$	-	$	-	$	9,548	$	9,548			
Total Liabilites	$	27,315	$	-	$	9,548	$	36,863			

Fund Balance:						
Assigned For:						
Capital Reserve	$	-	$	-	$	467,406	$	467,406			
Restricted For:						
Debt Service Series 2016	$	-	$	123,103	$	-	$	123,103			
Unassigned	$	184,881	$	-	$	-	$	184,881			
Total Fund Balances	$	184,881	$	123,103	$	467,406	$	775,391		
						
Total Liabilities & Fund Balance	$	212,196	$	123,103	$	476,954	$	812,254		
Indigo East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues:

Assessments - Tax Roll Bay Laurel Contributions Interest
$	254,337
$	-
$	-
$	254,337
$	-
$	-
$	255,982	$
$	3,250	$
$	17	$
1,644
3,250
17

Expenditures:

General & Administrative:

Supervisor Fees	$
FICA Expense	$
Engineering	$
Trustee Fees	$
Dissemination	$
Arbitrage	$
Assessment Roll	$
Attorney	$
Annual Audit	$
Management Fees	$
Information Technology	$
Website Maintenance	$
Telephone	$
Postage	$
Printing & Binding	$
Insurance	$
Legal Advertising	$
Other Current Charges	$
Office Supplies	$
Dues, Licenses & Subscriptions	$
4,000	$
306	$
1,200	$
2,050	$
2,500	$
450	$
5,000	$
6,000	$
3,800	$
7,834	$
800	$
600	$
100	$
625	$
500	$
8,077	$
1,000	$
1,200	$
200	$
175	$
3,000	$
230	$
900	$
2,050	$
1,875	$
450	$
5,000	$
4,500	$
3,800	$
5,876	$
600	$
450	$
75	$
469	$
375	$
8,077	$
750	$
900	$
150	$
175	$
3,000	$
184	$
3,668	$
2,020	$
1,875	$
450	$
5,000	$
6,330	$
3,900	$
5,875	$
600	$
450	$
-	$
54	$
334	$
7,236	$
140	$
820	$
84	$
175	$
- 46
(2,768)
30
0
-
- (1,830)
(100)
0
(0)
- 75
415
41
841
610
80
66
-

Indigo East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Operation and Maintenance					
Property Insurance	$	526	$	526	$	527	$	(1)	
Water Expense	$	2,481	$	1,861	$	1,614	$	247	
Electric Expense	$	26,473	$	19,855	$	19,254	$	601	
Irrigation Repairs	$	2,925	$	2,194	$	1,209	$	985	
Retention Ponds/ROW Maintenance	$	186,435	$	139,826	$	104,824	$	35,003	
Plant Replacement	$	2,500	$	1,875	$	2,322	$	(447)	
Tree Trimming	$	1,000	$	750	$	-	$	750	
Pressure Washing	$	15,000	$	11,250	$	14,474	$	(3,224)	
Well Maintenance/Repairs	$	4,050	$	3,038	$	-	$	3,038	
Contingency	$	-	$	-	$	51	$	(51)	
Total O&M Expenditures:	$	241,390	$	181,174	$	144,274	$	36,901	
					
Total Expenditures	$	287,808	$	220,875	$	186,469	$	34,407	
					
Excess Revenues (Expenditures)	$	(33,470)		$	72,780		
					
Fund Balance - Beginning	$	33,470		$	112,102		
					
Fund Balance - Ending	$	-		$	184,881		
Indigo East
Community Development District Debt Service Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues:					
Assessments - Tax Roll	$	83,043	$	83,043	$	83,135	$	93	
Interest Income	$	-	$	-	$	2,256	$	2,256	
Total Revenues	$	83,043	$	83,043	$	85,391	$	2,348	

Expenditures:					
Special Call - 11/1	$	-	$	-	$	10,000	$	(10,000)	
Interest - 11/1	$	19,153	$	19,153	$	19,050	$	103	
Principal - 5/1	$	45,000	$	45,000	$	45,000	$	-	
Interest - 5/1	$	19,153	$	19,153	$	18,844	$	309	
Total Expenditures	$	83,306	$	83,306	$	92,894	$	(9,588)	
					
Excess Revenues (Expenditures)	$	(264)		$	(7,503)		
					
Fund Balance - Beginning	$	97,065		$	130,606		
					
Fund Balance - Ending	$	96,801		$	123,103		
Indigo East
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues:

Interest Income	

$	-	

$	

-	$	16,085	

$	16,085	
Total Revenues	$	-	$	-	$	16,085	$	16,085	

Expenditures:

Capital Outlay	

$	-	

$	

-	$	9,548	

$	(9,548)	
Total Expenditures	$	-	$	-	$	9,548	$	(9,548)	
					
Excess Revenues (Expenditures)	$	-		$	6,537		
					
Fund Balance - Beginning	$	355,220		$	460,869		
					
Fund Balance - Ending	$	355,220		$	467,406		
Indigo East
Community Development District Month to Month

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

Revenues:													
Assessments - Tax Roll	$	-	$	5,608	$	93,576	$	21,721	$	86,631	$	25,181	$	20,830	$	2,435	$	-	$	-  $	-  $	-  $  255,982			
Bay Laurel Contributions	$	-	$	-	$	-	$	-	$	-	$	1,500	$	-	$	1,750	$	-	$	-  $	-  $	-  $	3,250			
Interest	$	1	$	1	$	1	$	2	$	2	$	3	$	2	$	2	$	2	$	-  $	-  $	-  $	17			
Total Revenues	$	1	$	5,609	$	93,577	$	21,723	$	86,633	$	26,683	$	20,832	$	4,187	$	2	$	-  $	-  $	-  $  259,248			

Expenditures:													
General & Administrative:													
Supervisor Fees	$	-	$	1,000	$	-	$	-	$	1,000	$	-	$	-	$	1,000	$	-	$	-  $	-  $	-  $	3,000			
FICA Expense	$	-	$	61	$	-	$	-	$	61	$	-	$	-	$	61	$	-	$	-  $	-  $	-  $	184			
Engineering	$	450	$	-	$	-	$	-	$	-	$	-	$	-	$	3,218	$	-	$	-  $	-  $	-  $	3,668			
Trustee Fees	$	-	$	-	$	2,020	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	2,020			
Dissemination	$	208	$	208	$	208	$	208	$	208	$	208	$	208	$	208	$	208	$	-  $	-  $	-  $	1,875			
Arbitrage	$	-	$	450	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	450			
Assessment Roll	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000			
Attorney	$	-	$	1,650	$	1,150	$	1,950	$	1,500	$	80	$	-	$	-	$	-	$	-  $	-  $	-  $	6,330			
Annual Audit	$	-	$	-	$	-	$	1,000	$	2,900	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	3,900			
Management Fees	$	653	$	653	$	653	$	653	$	653	$	653	$	653	$	653	$	653	$	-  $	-  $	-  $	5,875			
Information Technology	$	67	$	67	$	67	$	67	$	67	$	67	$	67	$	67	$	67	$	-  $	-  $	-  $	600			
Website Maintenance	$	50	$	50	$	50	$	50	$	50	$	50	$	50	$	50	$	50	$	-  $	-  $	-  $	450			
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Postage	$	3	$	2	$	4	$	-	$	9	$	9	$	3	$	1	$	23	$	-  $	-  $	-  $	54			
Rentals & Leases	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Printing & Binding	$	34	$	-	$	62	$	1	$	-	$	157	$	-	$	-	$	81	$	-  $	-  $	-  $	334			
Insurance	$	7,236	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	7,236			
Legal Advertising	$	-	$	140	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	140			
Other Current Charges	$	89	$	85	$	111	$	86	$	89	$	86	$	96	$	87	$	90	$	-  $	-  $	-  $	820			
Office Supplies	$	55.15	$	0	$	28	$	-	$	0	$	1	$	0	$	0	$	0	$	-  $	-  $	-  $	84			
Property Taxes	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175			
Total General & Administrative:	$	14,020	$	4,367	$	4,352	$	4,014	$	6,538	$	1,310	$	1,077	$	5,345	$	1,172	$	-  $	-  $	-  $	42,195			

Operation and Maintenance													
Property Insurance	$	527	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	527			
Water Expense	$	209	$	151	$	186	$	179	$	172	$	189	$	181	$	168	$	177	$	-  $	-  $	-  $	1,614			
Electric Expense	$	2,079	$	2,005	$	2,079	$	2,364	$	2,079	$	2,294	$	2,149	$	2,035	$	2,170	$	-  $	-  $	-  $	19,254			
Irrigation Repairs	$	260	$	949	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	1,209			
Retention Ponds/ROW Maintenance	$	11,210	$	11,210	$	11,210	$	26,351	$	11,210	$	11,210	$	-	$	11,210	$	11,210	$	-  $	-  $	-  $  104,824			
Plant Replacement	$	-	$	-	$	-	$	-	$	2,198	$	-	$	125	$	-	$	-	$	-  $	-  $	-  $	2,322			
Tree Trimming	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Pressure Washing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	14,474	$	-	$	-  $	-  $	-  $	14,474			
Well Maintenance/Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Contingency	$	-	$	-	$	-	$	51	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	51			
Total O&M Expenses:	$	14,286	$	14,315	$	13,476	$	28,945	$	15,659	$	13,693	$	2,456	$	27,886	$	13,557	$	-  $	-  $	-  $  144,274			
													
Total Expenditures	$	28,306	$	18,682	$	17,828	$	32,959	$	22,197	$	15,003	$	3,533	$	33,231	$	14,729	$	-  $	-  $	-  $  186,469			
													
Excess Revenues (Expenditures)	$	(28,305)	$	(13,072)	$	75,749	$	(11,236)	$	64,436	$	11,680	$	17,299	$	(29,044)	$	(14,727)	$	-  $	-  $	-  $	72,780			
Indigo East
Community Development District Long Term Debt Report

Series 2016, Special Assessment Bonds		
Interest Rate:	3.561%, 4.125% 4.500%		
Maturity Rate:	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: Principal Payment 5/1/17 Prepayment	($145,000)	
Less: Principal Payment 11/1/17 Prepayment	($190,000)	
Less: Principal Payment 5/1/18	($55,000)	
Less: Principal Payment 5/1/18 Prepayment	($170,000)	
Less: Principal Payment 5/1/19	($40,000)	
Less: Principal Payment 5/1/19 Prepayment	($10,000)	
Less: Principal Payment 11/1/19 Prepayment	($25,000)	
Less: Principal Payment 5/1/20	($40,000)	
Less: Principal Payment 5/1/20 Prepayment	($15,000)	
Less: Principal Payment 11/1/20 Prepayment	($10,000)	
Less: Principal Payment 5/1/21	($45,000)	
Less: Principal Payment 11/1/21 Prepayment	($20,000)	
Less: Principal Payment 5/1/22	($40,000)	
Less: Principal Payment 5/1/22 Prepayment	($5,000)	
Less: Principal Payment 11/1/22 Prepayment	($10,000)	
Less: Principal Payment 5/1/23	($45,000)	
Current Bonds Outstanding	$855,000	
INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENTS FY 2023 RECEIPTS

MAINTENANCE

Gross Assessments	$270,435.00
Certified Net Assessments
100%

Date	
ACH	Gross Assessment
Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received	
							
11/4/22	ACH	$	4,435.41	$	88.71			$4,346.70	
11/23/22	ACH	$	1,287.36	$	25.75			$1,261.61	
12/16/22	ACH	$	43,990.77	$	879.82			$43,110.95	
12/23/22	ACH	$	51,494.59	$	1,029.89			$50,464.70	
1/5/23	ACH	$	21,456.11	$	429.12			$21,026.99	
1/30/23	ACH	$	-	$	-		$	694.07	$694.07	
2/9/23	ACH	$	62,651.86	$	1,253.04			$61,398.82	
2/27/23	ACH	$	25,747.39	$	514.95			$25,232.44	
3/7/23	ACH	$	18,023.06	$	360.46			$17,662.60	
3/28/23	ACH	$	7,671.69	$	153.43			$7,518.26	
4/4/23	ACH	$	5,318.27	$	106.37			$5,211.90	
4/4/23	ACH	$	2,436.47	$	48.73			$2,387.74	
4/4/23	ACH	$	6,566.45	$	131.33			$6,435.12	
4/28/23	ACH	$	6,933.43	$	138.67			$6,794.76	
5/1/23	ACH	$	-	$	-		$	630.06	$630.06	
5/26/23	ACH	$	1,841.64	$	36.83			$1,804.81	
							
Total Collected		$	259,854.50	$	5,197.10	$	-	$	1,324.13	$	255,981.53	
Percentage Collected						101%	

DEBT SERVICE

Gross Assessments	$87,860.50
Certified Net Assessments	$82,588.87
100%

Date	
ACH	Gross Assessment
Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received	
							
11/4/22	ACH	$	2,402.74	$	48.05			$2,354.69	
11/23/22	ACH	$	1,390.34	$	27.81			$1,362.53	
12/16/22	ACH	$	11,122.62	$	222.45			$10,900.17	
12/23/22	ACH	$	14,366.76	$	287.34			$14,079.42	
1/5/23	ACH	$	7,415.13	$	148.30			$7,266.83	
1/30/23	ACH	$	-	$	-		$	211.99	$211.99	
2/9/23	ACH	$	18,074.30	$	361.49			$17,712.81	
2/27/23	ACH	$	6,951.61	$	139.03			$6,812.58	
3/7/23	ACH	$	5,097.87	$	101.96			$4,995.91	
3/28/23	ACH	$	4,307.93	$	86.16			$4,221.77	
4/4/23	ACH	$	2,810.30	$	56.21			$2,754.09	
4/4/23	ACH	$	477.93	$	9.56			$468.37	
4/4/23	ACH	$	5,204.06	$	104.08			$5,099.98	
4/28/23	ACH	$	4,102.10	$	82.04			$4,020.06	
5/1/23	ACH	$	-	$	-		$	386.82	$386.82	
5/26/23	ACH	$	497.23	$	9.94			$487.29	
							
Total Collected		$	84,220.92	$	1,684.42	$	-	$	598.81	$83,135.31	
Percentage Collected						101%	

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 2024 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 21, 2023
February 20, 2024
May 21, 2024
August 20, 2024

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. A copy of the agenda for a particular meeting may be obtained from the District Manager, at 219 E. Livingston Street, 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