Reunion West Community Development District

Agenda October 13, 2022

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Reunion West Community Development District
REVISED Meeting Agenda

Thursday	Heritage Crossing Community Center October 13, 2022		7715 Heritage Crossing Way 11:00 AM			Reunion, Florida
Zoom Information for Members of the Public: Link: https://us06web.zoom.us/j/82018699681 Dial-in Number: (646) 876-9923
Meeting ID: 820 1869 9681

Roll Call
Public Comment Period
Approval of the Minutes of the September 8, 2022 Meeting
Consideration of Shade Structure Proposal at Reunion West Outdoor Fitness Center
Consideration of Pond Maintenance Services at Reunion West Encore - ADDED
Staff Reports
Attorney
Engineer
District Manager’s Report
Action Items List
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Series 2004 Arbitrage Rebate Calculation Report
Landowners’ Election November 10 - ADDED
Security Report
Other Business
Supervisor’s Requests
Next Meeting Date November 10th, 2022
Adjournment

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MINUTES OF MEETING REUNION EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Reunion West Community Development District was held on Thursday, September 8, 2022 at 11:00 a.m. via Zoom Communication Media Technology and at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.

Present and constituting a quorum:

Mark Greenstein	Chairman
David Burman	Vice-Chair
Graham Staley	Assistant Secretary
Sharon Harley	Assistant Secretary
Michael Mancke by Zoom	Assistant Secretary Also present were:
Tricia Adams	District Manager
Kristen Trucco	District Counsel
Xabier Guerricagoitia by Zoom	Boyd Civil Engineering
Alan Scheerer	Field Manager
Garrett Huegel	Yellowstone Landscape Residents

The following is a summary of the discussions and actions taken at the September 8, 2022 meeting. A copy of the proceedings can be obtained by contacting the District Manager.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 11:01 a.m. and called the roll. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams opened the public comment period. There being no comments, Ms. Adams closed the public comment period.

THIRD ORDER OF BUSINESS	Approval of Minutes of the August 11,
2022 Meeting
The minutes were in draft form and reviewed by District management staff and District Counsel. Mr. Greenstein stated on Page 3, under the discussion regarding the payment of CDD assessments relative to the Cortland Apartments, it should say, “Mr. Greenstein explained that Encore originally owned the property and subsequently sold it. The current landlord owner pays CDD assessments.” The way it was originally stated, it sounded like Encore was paying the assessments, but Encore did not have interest in that property anymore. Mr. Staley stated on Page 6, “Broken screws” should be “Concrete screws.” Mr. Scheerer confirmed that they did not use anchors. They pulled them up and reset on a larger pad at no cost to the District. They seem to be doing well.

On MOTION by Mr. Greenstein seconded by Mr. Staley with all in favor the Minutes of the August 11, 2022 Meeting were approved as amended.

FOURTH ORDER OF BUSINESS	Ratification of Termination of Drainage
and Utility Easement
Ms. Adams referred to a diagram that was included in the agenda package, for residential lots, Lots 225 and 224, which were merged in order to build and construct a larger home. This was several years ago, but in the course of selling this property, an easement was discovered that should have been vacated at the time this property was constructed; however, it was overlooked at that time. The drainage and maintenance easement down the middle of the two lots, was reviewed by District management staff, District Counsel and District Engineer. The recommendation was for GMS to work with the CDD Board Chair as there are remaining maintenance easements abutting each side of the property, providing the District with adequate access. The Chairman agreed with the staff recommendation to vacate the easement to not delay the sale of the home, which was in August. Ms. Trucco agreed, as the easement should have been released years ago when the house was constructed. Discussion ensued.

On MOTION by Mr. Staley seconded by Mr. Burman with all in favor the termination of the Drainage and Utility Easement was ratified.

FIFTH ORDER OF BUSINESS	Consideration of Aquatic Maintenance
Services Agreement Renewal
Ms. Adams stated this was the time of year where all of the Service Agreements were reviewed and anything needing renewal was brought to the Board’s attention. Mr. Scheerer has been working with Applied Aquatic on the agreement for the pond on Grand Traverse Parkway and recommended approval. There was a slight increase of $12 per month, from $132 to $144 or
$1,574 to $1,728 annually, due to an increase in chemicals. Applied Aquatic sent their renewal notices after the budgets were adopted. Ms. Adams confirmed that the contract amount was within the budget adopted by the Board, as there was discretion for this type of increase.

On MOTION by Mr. Greenstein seconded by Ms. Harley with all in favor the Aquatic Maintenance Services Agreement Renewal with Applied Aquatic was approved.

Mr. Staley asked about the pond between Tradition Boulevard and Golden Bear Drive. Mr. Scheerer stated this was a golf course irrigation pond that the golf course was treating. Mr. Burman noted the recharge was so high that it did not need to be treated and there was a fountain. The proposal for the wet pond in Encore Reunion West would be provided to the Board at the next meeting.

SIXTH ORDER OF BUSINESS	Consideration	of	Landscape	Services
Agreement Renewal
Ms. Adams presented the Landscape Services Agreement renewal with Yellowstone, with no change to the current terms other than extending service for an additional twelve month period. Mr. Scheerer stated that Yellowstone was in the last year of their three-year contract with the CDD and recommended approval as they agreed to hold their fees steady for the next fiscal year.

On MOTION by Ms. Harley seconded by Mr. Burman with all in favor the Landscape Services Agreement Renewal with Yellowstone was approved.

Mr. Staley clarified that the strip of land between the road and the sidewalk was owned by the CDD, but homeowners were responsible for maintaining it. The mowing of the grass was the responsibility of the HOA. Mr. Scheerer stated it was only in front of homes and vacant space on

Reunion Boulevard and Traditional Boulevard not in front of homes was the responsibility of the CDD to maintain.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Trucco stated regarding the ongoing bocce court issue, Kingwood obtained counsel who had a conference call with Ms. Carpenter. There was some disagreement about ownership of the tract based on the plat that was recorded 20 years ago. Instead of getting into a legal battle, both parties agreed to enter into an agreement to preserve the District’s rights to the stormwater. Kingwood paid for the District’s Engineer to identify the CDDs stormwater system on the tract and prepare a legal description and Kingwood’s counsel drafted a proposed agreement, which Ms. Trucco received on Tuesday, but did not have a chance to review it. She could either review the agreement with Mr. Boyd and Ms. Adams and bring it back to the Board in substantially final form for approval next month or the Board could delegate authority today to Mr. Staley to finalize the agreement with District Counsel, the District Engineer and District Manager.
Mr. Staley felt more comfortable reviewing the agreement with Ms. Trucco and bringing the final form back to the Board. Mr. Burman requested that any title issues be cleared up. Ms. Trucco stated it would clear up any title issues, if they released their interest in that tract. The remainder of that area would be owned by Kingwood. Mr. Greenstein felt that due to the sensitivity of discussing this matter at an open meeting, because it was subject to potential litigation, it did not meet the conditions for designating a Board Member to finalize this matter on behalf of the Board in between meetings. Their rights to use the parcel for stormwater management and have access to maintain it, was the concern as well as the use of stormwater management behind those parcels. Mr. Staley questioned how to discuss these issues in a public forum when there was a disagreement with another party. Mr. Greenstein directed the Board to contact Ms. Trucco if they had individual concerns, but if there was the potential for litigation, discussion must cease. Mr. Staley requested that Ms. Trucco circulate the agreement prior to the meeting so the Board could provide comments. Ms. Adams suggested that the agreement be emailed separately to each Board Member, allowing for a comment period before the agenda was published, due to the Sunshine Law.

Engineer
Mr. Guerricagoitia had no report on behalf of Mr. Boyd. Ms. Adams has been speaking to Mr. Boyd regarding efforts currently underway and for the upcoming fiscal year.

District Manager’s Report
Action Items List
Ms. Adams presented the Action Items List, which was included in the agenda packet and reported on the following:
Development of Recreation Parcels on Grand Traverse Pkwy & Valhalla Terr: Mr. Scheerer stated that the playground mulch was installed yesterday and once the fence was installed, the sidewalk would be connected to ensure the fence and gate lined up. He was trying to get a 6-inch border for the outdoor fitness equipment from the company that installed the playground. A shade structure quote would be provided to the Board at the next meeting and Mr. Scheerer was working with Yellowstone on some natural options and minor modifications to the irrigation. They received several compliments.
Ms. Harley asked when the fence was being installed. Mr. Scheerer explained that they went through the permitting process and were waiting for the materials. As soon as he received an update, he would update the District Manager. Mr. Staley requested that the barriers be straight and a sign stating that the fitness equipment was available for use. Mr. Scheerer would inform the playground install company and Ms. Adams was working on the signage and would bring back at a future meeting. The only sign they typically had was the age limit sign for the equipment. Ms. Adams confirmed that she was working on the signage and when everything was installed, staff could send an e-blast to advise residents that it was available for use. It was likely that the CDD’s insurance company would want a dawn to dusk sign. Mr. Greenstein asked if it was appropriate to have a grand opening ceremony. Ms. Adams would schedule a ribbon cutting at the Board’s request and coordinate with Ms. Harley to include a notice in the Reunion newsletter. The policies for use of the playground would be addressed at future meetings by the Reunion East and Reunion West CDD Boards.
Monitor Residential/Industrial/Commercial Development Nearby Reunion: Ms. Adams searched through the Osceola County website for recent activity and permitting status, but there was no activity.

Monitor Old Lake Wilson Road Improvement Project: Ms. Adams noted that there were some issues related to right-of-way acquisition. The county may be interested in the portion of the property that Reunion West owned in order to construct the road improvements. She informed the county that the Board may participate in intersection improvements at Pendant Court. The intersection was currently designed and permitted as exit only, but the county may be willing to consider an exchange of property for the engineering, permitting and construction of the intersection improvement to make that both ingress and egress. Osceola County was making a presentation at the Reunion East CDD meeting today on these improvements. It was advertised as a workshop, so that Reunion West CDD Board Members could attend.
Traffic Calming: Ms. Adams was working with the District Engineer on Pavement Management Plan proposals, but before engaging in any improvements, she recommended identifying a hierarchy of road improvement needs. At the October meeting, proposals would be presented to the Board.
Mr. Greenstein heard that Kingwood was planning on meeting or should have already met with County Commissioner Choudhry regarding the impact of the Sinclair Road extension project and asked if Mr. Mancke had any understanding. Mr. Mancke was aware that the project existed but did not receive any details from Kingwood. Mr. Greenstein would follow up.

Approval of Check Register
Ms. Adams presented the Check Register from August 1, 2022 through August 31, 2022, which was included in the agenda package. In the General Fund, there were Checks #1950 through #1958 in the amount of $118,071.92, Checks #38 and #39 from the Replacement and Maintenance Fund in the amount of $70,335.92 and August payroll in the amount of $554.10, for a total amount of $188,961.94.

On MOTION by Mr. Greenstein seconded by Mr. Burman with all in favor the August Check Register in the amount of 188,961.94 was approved.

Balance Sheet and Income Statement
Ms. Adams presented the Unaudited Financial Statements through July 31, 2022, which were included in the agenda package.

Security Report
Ms. Adams presented the Security Report from Mr. Victor Vargas of Reunion Security, which was emailed to the Board. Mr. Staley felt that it was important for Mr. Vargas or a member of his staff to attend meetings to provide feedback because security was a big problem and for Ms. Adams to let the Board know at the next meeting if there could be an extra security guard at the gates. The gate arms were damaged eight times and there were 10 towed vehicles, which was significant. Mr. Greenstein felt that the reporting was detailed and the vast majority of action was voluntary compliance, but making contact was key. Ms. Adams noted that the Encore neighborhood was the newest neighborhood to enforce the parking rules. Although the rules were already in place, the signage was recently installed so now the Rules can be enforced.

EIGHTH ORDER OF BUSINESS	Other Business
Mr. Staley felt that the dividers at the Sinclair gate was working well; although this was the quiet time of year. Most of the damage was caused by trailers and suggested moving them. Mr. Scheerer noted that they moved the dividers towards the guardhouse to allow for more time for people to see the visitor lane directional signs. The missing ones would be installed next week, but he did not believe that moving them again would solve the problem. Mr. Scheerer recommended leaving one base and replacing the stake if necessary without moving the entire base. The ones that were reset, were holding up well.

NINTH ORDER OF BUSINESS	Supervisor’s Requests
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Next Meeting Date – October 13th, 2022
Ms. Adams announced that the next meeting was on October 13, 2022 at 11:00 a.m.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Greenstein seconded by Mr. Burman with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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Date:	8/25/2022	
Quoted By:	Playtopia Direct	
For:	Governmental Management Services	
Contact:	Tricia Adams	
	219 E. Livingston Street	
City, State, Zip:	Orlando, FL 32801	
Email:	tadams@gmscfl.com	
Phone:	863-241-8050	
Fax:		
Other		
Playtopia, Inc.		
FOB /Ship to: 217 Murphy Ave.		
Ferguson, KY 42533		
www.goplaytopia.com		
PH:844.543.7529		
Reunion-Shades for Fitness		
Payment Terms: 50% with order. Outstanding balance is due 30 days from date of install.	 		

Item Number	QTY	Description	MSRP	Extended	
SHADE	2	Custom shade - 30x30x10' - with stainless steel cable and
glide elbow	$11,783.31	$23,566.62	
ENGINEER	1	Signed and sealed engineered drawings	$700.00	$700.00	
PSW120WS	1	Installation of shades	$25,000.00	$25,000.00	

ENGINEER	
1	Price to permit project: actual permit fees determined by
municipality and billed on final invoice. (If permitted at a separate time from structure permitting will be $750)	
$850.00	
$850.00	
			SUBTOTAL	$50,116.62	
			TAX	$1,767.50	
			FREIGHT	$1,349.28	
			TOTAL	$53,233.40	

Pricing: Firm for 30 days from date on this quotation.	
Taxes: State and local taxes added unless exemption certificate is provided.	
Exclusions: Unless previously discussed and agreed to by all parties. Sitework and landscaping;	
security of of equipment (onsite at night); drainage.	
Permits are not included in cost, unless specifically listed. Adding permits to job will increase it's completion length	
(due to permit process at muncipality). It is expected that owner will provide approved site plans of the area for the permit	
office if required, and will help and assist in securing of all required approvals before assembly of equipment can begin.	
Installation Terms:  Installation shall be by Certified Installer. If playground equipment, installer will be CPSI Certified.	
Playtopia will be responsible scheduling and coordination with the installer, unless otherwise discussed. Site should be level	
and allow for unrestricted access of trucks and machinery. Customer shall be responsible for unknown conditions such as	
buried utilities, tree stumps, rock, or any concealed materials or conditions that may result in additional labor costs.	
Customer will be billed hourly or per job for any additional costs that were not previously included.	
Freight Quotes:  Are specific to the zip code specified. Changes made to the destination will likely affect the cost of the freight	
charges and the final balance will be adjusted accordingly. Playtopia will be happy to supply owner with a 2-day notice	
of the time your shipment will be ready so they may independently arrange shipping and pick up with a freight carrier of their	
choice. However,equipment not picked up within 5 days will be handled on a hold and bill basis. LTL rates are valid for 24	
hours and dedicated rates are valid for 30 days from dated of freight quote.	

Quotation prepared by: Marlee Jacquette		
To accept this quotation, sign here and return: 		

	THANK YOU FOR YOUR BUSINESS!	

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,INC.

Renewal

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

AQUATIC PLANT MANAGEMENT
AGREEMENT
Submitted to:	Date:	October 10, 2022

Name

Address City Phone

Encore Reumon West c/o GMS
1408 Hamlin Ave Unit E St Cloud, FL 34771
407-398-2890

This Agreement is between Applied Aquatic Management, Inc. hereafter called "AAM" and signee hereafter called "Customer".

The parties hereto agree as follows
AAM agrees to provide aquatic management services for a period of	12 months in accordance with the terms and conditions of this Agreement in the following sites:

One (1) Stormwater Retention Pond Associated with Encore Reunion West

The AAM management program will include the control of the following categories of vegetation for the specified sum:

Submersed vegetation control
Emersed vegetation control
Floating vegetation control
Filamentous algae control
Shoreline grass & brush control

Included Included Included Included Included

Service shall consist of a minimum of monthly inspections and/or treatments as needed to maintain control of noxious growth throughout the term of our service.

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

The terms of this agreement shall be· 10/01/2022 thru 09/30/2023
Agreement will automatically renew as per Term & Condition 14.
Start-up Charge		NA	Due at the start of work Maintenance Fee	$201.00	Due	monthly
Total Annual Cost	$2,412.00

as billed	x12

Invoices 819 dll9 and payable within 30 days. Overdue accounts may accrue a service charge of 1 11'2% per month
0.	AAM agrees to commence treatment within	NA days, weather permitting, from the date of execution or receipt of the proper permits.
Customer acknowledges that he has read and is familiar with the additional terms and conditions printed on the reverse side which are incorporated in this agreement.

Date:	10/10/2022

Accepted	Date:

Customer

Terms and Conditions
The AAM Aquatic Plant Management Program will be conducted in a manner consistent with good water management practice using only chemicals which have a wide margin of safety for fish, waterfowl and human life and in conformance with applicable State and Federal Laws, regulations and rules. AAM agrees to indemnify Customer for any violation of such laws, rules or regulations.
Federal & State regulations require that various time-use restrictions be observed during & following treatment. AAM
agrees to notify Customer of such restrictions verbally &/or by posting the restrictions at several readily visible locations on the perimeter of each body of water at the time of treatment It shall be the Customer's responsibility
to observe the restrictions throughout the required period. Customer understands & agrees that notwithstanding any other provisions of this Agreement, AAM does not assume any liability by any party to be notified, or to observe,
the regulations.
The AAM Aquatic Plant Management Program is devised so that water areas are brought into a maintenance configuration as rapidly after their start, consistent with responsible management practices. Some forms of vegetation (particularly grasses & cattail) have visible residues after chemical treatment. Customer is responsible for removing such residues.
In addition to the amounts noted on the face of this Agreement, Customer shall also pay fees, taxes (including sales taxes) or charges that might be imposed by any government body with respect to the services offered herein.
This Agreement shall have as its effective date the first day of the month in which services are first rendered to Customer and shall terminate upon the last day of a month.
AAM is licensed & insured. Certificates of Insurance will be provided upon Customers request
If at any time during the tenn of this Agreement, Customer does not feel AAM is performing in a satisfactory manner Customer shall promptly notify MM who shall investigate the cause of Customer's lack of satisfaction & attempt to cure same. If nonsatisfactory performance continues, this Agreement may be voided by either party giving thirty days written notice & payment of all monies owing to the effective date of termination, which shall be the last day of the month.
Neither party shall be responsible in damages, penalties or otherwise for any failure or delay in the performance of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders & regulations, curtailment or failure to obtain sufficient material, or other forces (whether or not of the same class or kind as those set forth above) beyond its reasonable control & which, by the exercise of due diligence, it is unable to overcome.
AAM agrees to hold Customer harmless from any loss, damage or claims arising out of the sole negligence of AAM however, AAM shall in no event be liable to Customer or others, for indirect, special or consequential damages resulting from any cause whatsoever.
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida
In the event a legal action is necessary to enforce any of the provisions of this Agreement, the prevailing party is entitled to recover legal costs & reasonable attorney fees.
This Agreement constitutes the entire Agreement of the parties hereto & no oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing & accepted by an authorized representative of MM & Customer.
This Agreement may not be assigned by Customer without the prior written consent of ANA.
This Agreement shall automatically renew for term equal to its original term, unless a "Notice of Cancellation" has been received. The contract amount shall be adjusted at a minimum rate of 3% increase per year on the anniversary date of this Agreement. Unless otherwise agreed to in writing, by both parties, services shall be continuous without interruption.

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Reunion East Action Items
Meeting Assigned	
Action Item	
Assigned To	
Status	
Comments	

3/14/11	

Irrigation Management	

Kingwood/ Carpenter	

In Process	Draft agreement for Operation of Irrigation System under review by District Counsel July 2022.	

2/13/20	

Access to Reunion Village/Davenport Creek Bridge	

Boyd/Scheerer	

In Process	Proposals to be brought back to for BOS consideration ASAP (no contractor was responsive as of 10.06.2022). Alan Scheerer working with ACT to provide proposal for Access Control system.	
	Traffic Calming			FY2023 R&M Project	
	Pavement Management Plan			
FY2023 R&M Project	

9/9/21	
Security Improvements at Carriage Pointe	

Scheerer/Vargas	

In Process	Access Control proposal approved 03.10.2022.
Project delayed and put on
FY2023 Project List.	
Reunion West Action Items	
Meeting Assigned	
Action Item	
Assigned To	
Status	
Comments	

11/12/20	

Development of Recreational Parcels on Grand Traverse Parkway & Valhalla Terr.	

Boyd/Scheerer	

In Process	Equipment installation completed. Sidewalks, concrete work, landscape design/installation, shade for outdoor Fitness Center and fencing are being addressed by Operations Manager. Signage and Amenity Policy document will be considered at a future meeting.	

1/13/22	

Monitor Residential/ Industrial/Commercial Development Nearby Reunion	

Adams	

In Process	https://permits.osceola.org/Cit izenAccess/Default.aspx Parcel Numbers: 282527000000600000 51.02 acres 332527000000500000
52.55 acres
3325273160000A0090 19.04
acres	

12/9/21	
Monitor Sinclair Road Extension Project	

Adams	

In Process	

www.Osceola.org/go/sinclairroad	

Monitor Old Lake Wilson Road Improvement Project	

Adams		www.improveoldlakewilsonroa d.com.	Intersection improvements at Pendant Court to be considered in tandem with road improvements.	
	Traffic Calming			FY2023 R&M Project	
	Pavement Management Plan			
FY2023 R&M Project	

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Reunion West
Community Development District
Summary of Check Register

Septmeber 1, 2022 to September 30, 2022

Fund	Date	Check No.'s		Amount	
General Fund	9/1/22	1959-1962	$	21,144.90	
	9/8/22	1963-1965	$	16,392.68	
	9/13/22	1966	$	7,642.19	
	9/15/22	1967-1971	$	25,520.13	
	9/22/22	1972	$	9,102.68	
	9/30/22	1973-1974	$	1,920.00	
			$	81,722.58	
Replacement & Maintenance Fund	9/15/22	40	$	12,717.76	
			$	12,717.76	
Payroll	September 2022
David Burman	
50577	
$	
184.70	
	Graham Staley	50578	$	184.70	
	Mark Greenstein	50579	$	184.70	
	Sharon Harley	50580	$	184.70	
			$	738.80	
			$	95,179.14	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
9/01/22 00053	8/20/22 5092	202208 300-13100-10100	*	416.05
RPLC GFI/SWTCH/SENSOR/BOX
8/20/22 5092	202208 320-53800-53200	*	368.95
RPLC GFI/SWTCH/SENSOR/BOX
8/25/22 5097	202208 300-13100-10100	*	204.05
FURN/INST.FAUCET GRDHOUSE
8/25/22 5097	202208 320-53800-57400	*	180.95
FURN/INST.FAUCET GRDHOUSE
BERRY CONSTRUCTION INC.	1,170.00 001959
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/22 00066	8/22/22 RW8130	202208 300-13100-10100	*	79.78
RPLC/RPR ELBOW/BSH REDUCE
8/22/22 RW8130	202208 320-53800-46500	*	70.74
RPLC/RPR ELBOW/BSH REDUCE
CREATIVE NORTH INC	150.52 001960
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/22 00040	8/31/22 16501	202209 300-15500-10000	*	10,226.00
FY23 GEN.LIAB/PUBLIC OFFC
8/31/22 16501	202209 300-13100-10100	*	3,293.36
FY23 PROPERTY INSURANCE
8/31/22 16501	202209 300-15500-10000	*	2,587.64
FY23 PROPERTY INSURANCE
EGIS INSURANCE ADVISORS, LLC.	16,107.00 001961
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/01/22 00041	8/25/22 6643176	202208 310-51300-32300	*	3,717.38
TRUSTEE FEES - SER.2017
US BANK	3,717.38 001962
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/08/22 00035	7/31/22 204462	202207 300-13100-10100	*	103.35
AQUATIC MGMT ENCORE JUL22
7/31/22 204462	202207 320-53800-47000	*	91.65
AQUATIC MGMT ENCORE JUL22
8/31/22 205245	202208 300-13100-10100	*	69.96
AQUATIC PLANT MGMT AUG22
8/31/22 205245	202208 320-53800-47000	*	62.04
AQUATIC PLANT MGMT AUG22
APPLIED AQUATIC MANAGEMENT, INC.	327.00 001963
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/08/22 00051	9/02/22 3438	202208 310-51300-31100	*	322.50
REUNION WEST CDD MEETING
BOYD CIVIL ENGINEERING	322.50 001964
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/08/22 00066	8/11/22 RW7240	202208 300-13100-10100	*	175.54
RPR RAINBRD HD/ROTOR/NOZZ
8/11/22 RW7240	202208 320-53800-46500	*	155.67
RPR RAINBRD HD/ROTOR/NOZZ
REUW REUNION WEST	TVISCARRA

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/31/22 IR-RW021 202208 300-13100-10100	*	147.68
RPR 2ROTOR/RAINBRD HD/NOZ
8/31/22 IR-RW021 202208 320-53800-46500	*	130.96
RPR 2ROTOR/RAINBRD HD/NOZ
8/31/22 RWCDD-MM 202208 300-13100-10100	*	8,020.66 LANDSCAPE MAINT AUG22
8/31/22 RWCDD-MM 202208 320-53800-47300	*	7,112.67 LANDSCAPE MAINT AUG22
CREATIVE NORTH INC	15,743.18 001965
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/13/22 00020	9/01/22 535	202209 310-51300-34000	*	3,689.50
MANAGEMENT FEES SEP22
9/01/22 535	202209 310-51300-35200	*	66.67
WEBSITE ADMIN SEP22
9/01/22 535	202209 310-51300-35100	*	116.67
INFORMATION TECH SEP22
9/01/22 535	202209 310-51300-31300	*	833.33
DISSEMINATION FEE SEP22
9/01/22 535	202209 310-51300-51000	*	.33
OFFICE SUPPLIES
9/01/22 535	202209 310-51300-42000	*	19.01
POSTAGE
9/01/22 535	202209 310-51300-42500	*	114.60
COPIES
9/01/22 536	202209 320-53800-12000	*	2,802.08
FIELD MANAGEMENT SEP22
GOVERNMENTAL MANAGEMENT SERVICES	7,642.19 001966
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/15/22 00020	9/15/22 537	202209 300-15500-10000	*	7,500.00
FY23 ASSESSMENT ROLL CERT
GOVERNMENTAL MANAGEMENT SERVICES	7,500.00 001967
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/15/22 00035	8/31/22 205218	202208 300-13100-10100	*	103.35
AQUATIC MGMT ENCORE AUG22
8/31/22 205218	202208 320-53800-47000	*	91.65
AQUATIC MGMT ENCORE AUG22
APPLIED AQUATIC MANAGEMENT, INC.	195.00 001968
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/15/22 00066	9/01/22 RWCDD-MM 202209 300-13100-10100	*	8,020.66 LANDSCAPE MAINT SEP22
9/01/22 RWCDD-MM 202209 320-53800-47300	*	7,112.67 LANDSCAPE MAINT SEP22
CREATIVE NORTH INC	15,133.33 001969
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/15/22 00043	9/12/22 105779	202208 310-51300-31500	*	1,662.79
MTG/ENCROACH/MNT AGR/TRCT
LATHAM,LUNA,EDEN & BEAUDINE,LLP	1,662.79 001970
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
REUW REUNION WEST	TVISCARRA

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
9/15/22 00036	8/31/22 312	202208 320-53800-43100	*	187.76
TOHO METER#62644093 AUG22
8/31/22 317	202208 330-53800-43000	*	161.29
DUKEENERGY#9100 8323 9862
8/31/22 318	202208 320-53800-43000	*	679.96
DUKEENERGY#9100 8324 0443
REUNION RESORT	1,029.01 001971

9/22/22 00069	9/20/22	
	9/20/22	
	9/20/22	
	9/20/22	
	9/20/22	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - RW202209 202206 300-13100-10100	*	1,206.11
SECURITY COST SHARE JUN22
RW202209 202206 320-53800-34500	*	1,069.56 SECURITY COST SHARE JUN22
RW202209 202207 300-13100-10100	*	1,206.11 SECURITY COST SHARE JUL22
RW202209 202207 320-53800-34500	*	1,069.56 SECURITY COST SHARE JUL22
RW202209 202208 300-13100-10100	*	1,206.11 SECURITY COST SHARE AUG22
9/20/22 RW202209 202208 320-53800-34500	*	1,069.56 SECURITY COST SHARE AUG22
9/20/22 RW202209 202209 300-13100-10100	*	1,206.11 SECURITY COST SHARE SEP22
9/20/22 RW202209 202209 320-53800-34500	*	1,069.56 SECURITY COST SHARE SEP22
REUNION WEST PROPERTY OWNERS INC	9,102.68 001972
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/30/22 00012	9/23/22 23199	202209 310-51300-31400	*	600.00
ARBITRAGE SERIES 2004
GRAU & ASSOCIATES	600.00 001973
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/30/22 00070	9/16/22 50297	202208 300-13100-10100	*	699.60
RPR BACK LGHT/RPLC DRIVER
9/16/22 50297	202208 320-53800-48100	*	620.40
RPR BACK LGHT/RPLC DRIVER
TERRY'S ELECTRIC INC	1,320.00 001974
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	81,722.58
TOTAL FOR REGISTER	81,722.58

REUW REUNION WEST	TVISCARRA

*** CHECK DATES 09/01/2022 - 09/30/2022 ***	REUNION WEST-R&M
BANK C REPLACEMENT & MAINT
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
9/15/22 00008	8/30/22 PTP21-30 202208 300-13100-10100	*	6,740.41 FINAL-SHADE FOR PLAYGRND
8/30/22 PTP21-30 202208 320-53800-60000	*	5,977.35 FINAL-SHADE FOR PLAYGRND
PLAYTOPIA, INC.	12,717.76 000040
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK C	12,717.76
TOTAL FOR REGISTER	12,717.76

REUW REUNION WEST	TVISCARRA

!!"#$%&  3

Reunion West
Community Development District

Unaudited Financial Reporting

August 31, 2022

Table of Contents

1

2

3

4

5

6

7

8

9

10

11

12

13-14

15

	Balance Sheet

	General Fund Income Statement

	Replacement & Maintenance Income Statement

	Debt Service Series 2004-1 Income Statement

	Debt Service Series 2015 Income Statement 

	Debt Service Series 2016 Income Statement 

	Debt Service Series 2017 Income Statement 

	Debt Service Series 2019 Income Statement 

	Debt Service Series 2022 Income Statement 

	Capital Projects Series 2015 Income Statement

	Capital Projects Series 2016 Income Statement

	Capital Projects Series 2019 Income Statement

	Month to Month

	Long Term Debt

16		FY22 Assessment Receipt Schedule

COMBINED BALANCE SHEET
August 31, 2022

	
	General			Replacement
	& Maintenance			Debt
	Service			Capital
	Projects			(Memorandum Only)
	2022		
ASSETS:										
CASH	$1,088,194		$125,017		---		---		$1,213,211	
CUSTODY ACCOUNT	$2,872		---		---		---		$2,872	
STATE BOARD OF ADMINISTRATION	---		$760,196		---		---		$760,196	
DUE FROM REUNION EAST	$43,890		$11,078		---		---		$54,967	
INVESTMENTS										
SERIES 2004-1
Revenue	
---		
---		
---		
---		
$0	
SERIES 2015										
Reserve	---		---		$163,722		---		$163,722	
Revenue	---		---		$176,986		---		$176,986	
SERIES 2016										
Reserve	---		---		$275,705		---		$275,705	
Revenue	---		---		$435,076		---		$435,076	
Prepayment	---		---		$24		---		$24	
SERIES 2017										
Reserve	---		---		$255,092		---		$255,092	
Revenue	---		---		$397,129		---		$397,129	
Prepayment	---		---		$2,485		---		$2,485	
SERIES 2019										
Reserve	---		---		$327,052		---		$327,052	
Revenue	---		---		$182,636		---		$182,636	
Construction	---		---		---		$85,974		$85,974	
SERIES 2022										
Reserve	---		---		$259,938		---		$259,938	
Revenue	---		---		$317,997		---		$317,997	
Cost of Issuance	---		---		$3,712		---		$3,712	
TOTAL ASSETS		$1,134,956 			$896,291 			$2,797,553 			$85,974 			$4,914,774 	

LIABILITIES:										
ACCOUNTS PAYABLE	$32,464		$12,718		---		---		$45,182	
DUE TO REUNION EAST	$135,645		$39,422		---		---		$175,067	
FUND EQUITY:										
FUND BALANCES:										
ASSIGNED	---		$844,151		---		---		$844,151	
UNASSIGNED	$966,847		---		---		---		$966,847	
RESTRICTED FOR DEBT 2004-1	---		---		$0		---		$0	
RESTRICTED FOR DEBT 2015	---		---		$340,708		---		$340,708	
RESTRICTED FOR DEBT 2016	---		---		$710,805		---		$710,805	
RESTRICTED FOR DEBT 2017	---		---		$654,705		---		$654,705	
RESTRICTED FOR DEBT 2019	---		---		$509,688		---		$509,688	
RESTRICTED FOR DEBT 2022	---		---		$581,647		---		$581,647	
RESTRICTED FOR CAP. PROJ. 2015	---		---		---		$0		$0	
RESTRICTED FOR CAP. PROJ. 2016	---		---		---		$0		$0	
RESTRICTED FOR CAP. PROJ. 2019	---		---		---		$85,974		$85,974	
TOTAL LIABILITIES & FUND EQUITY										
& OTHER CREDITS		$1,134,956 			$896,291 			$2,797,553 			$85,974 			$4,914,774 	

General Fund
Statement of Revenues & Expenditures
For The Period Ending August 31, 2022

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 8/31/22	ACTUAL
THRU 8/31/22	
VARIANCE	
REVENUES:					
Special Assessments - Tax Collector	$1,764,307	$1,764,307	$1,776,708	$12,401	
Interest	$0	$0	$0	$0	
Miscellaneous Income	$0	$0	$60	$60	
Rental Income	$0	$0	$9,165	$9,165	
TOTAL REVENUES	$1,764,307	$1,764,307	$1,785,933	$21,626	

EXPENDITURES:					
ADMINISTRATIVE:					
Supervisor Fees	$12,000	$11,000	$7,800	$3,200	
FICA	$918	$842	$597	$245	
Engineering	$8,000	$7,333	$18,478	($11,145)	
Attorney	$20,000	$18,333	$18,343	($10)	
Trustee Fee	$21,000	$21,000	$16,163	$4,837	
Dissemination	$10,000	$9,167	$9,167	$0	
Arbitrage	$2,400	$2,400	$2,400	$0	
Collection Agent	$7,500	$7,500	$7,500	$0	
Property Appraiser Fee	$500	$500	$669	($169)	
Annual Audit	$7,300	$7,300	$7,400	($100)	
Management Fees	$44,274	$40,585	$40,585	$0	
Information Technology	$1,400	$1,283	$1,283	($0)	
Website Maintenance	$800	$733	$733	($0)	
Telephone	$300	$275	$0	$275	
Postage	$1,500	$1,375	$970	$405	
Printing & Binding	$1,600	$1,467	$645	$821	
Insurance	$10,150	$10,150	$9,513	$637	
Legal Advertising	$5,000	$4,583	$1,476	$3,107	
Other Current Charges	$350	$321	$283	$38	
Office Supplies	$300	$275	$64	$211	
Travel Per Diem	$600	$550	$0	$550	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
TOTAL ADMINISTRATIVE	$156,067	$147,147	$144,244	$2,903	

MAINTENANCE-SHARED EXPENSES:					
Field Management	$33,625	$30,823	$30,823	$0	
Management Services Agreement	$19,195	$17,595	$21,003	($3,408)	
Facility Lease Agreement	$3,218	$2,950	$3,201	($251)	
Telephone	$6,143	$5,631	$5,629	$2	
Electric	$318,465	$291,926	$244,901	$47,025	
Water & Sewer	$37,800	$34,650	$23,367	$11,283	
Gas	$36,383	$33,351	$31,251	$2,100	
Pool and Fountain Maintenance	$106,313	$97,454	$92,779	$4,674	
Environmental	$10,798	$9,898	$5,874	$4,024	
Property Insurance	$25,988	$25,988	$29,128	($3,140)	
Irrigation Repairs	$7,678	$7,038	$4,819	$2,219	
Landscape Contract	$451,184	$413,585	$394,066	$19,520	
Landscape Contingency	$23,625	$21,656	$6,019	$15,637	
Gate and Gatehouse Expenses	$15,120	$13,860	$19,725	($5,865)	
Roadways/Sidewalks	$23,625	$21,656	$5,421	$16,235	
Lighting	$4,725	$4,331	$207	$4,124	
Building Repairs & Maintenance	$11,813	$10,829	$11	$10,818	
Pressure Washing	$16,538	$15,160	$15,714	($555)	
Repairs & Maintenance	$9,450	$8,662	$11,661	($2,999)	
Signage	$11,813	$10,828	$3,127	$7,701	
Security	$66,150	$60,638	$68,813	($8,175)	
Parking Violation Tags	$236	$216	$0	$216	
SEVEN EAGLES:					
Electric	$13,041	$11,954	$10,893	$1,062	
Water & Sewer	$6,163	$5,649	$5,113	$537	
Gas	$7,655	$7,017	$7,982	($965)	
Telephone/Emergency Pool Phone	$165	$151	$0	$151	
Contract Cleaning	$24,290	$22,266	$26,734	($4,468)	
Landscape Contract	$8,505	$7,796	$7,988	($191)	
Landscape Contingency	$2,363	$2,166	$0	$2,166	
Pool Maintenance	$16,443	$15,073	$22,648	($7,575)	
Lighting	$709	$649	$0	$649	
Fitness Center Repairs & Maintenance	$709	$650	$1,747	($1,097)	
Operating Supplies	$5,906	$5,413	$0	$5,413	
Pest Control	$198	$182	$0	$182	
Repairs & Maintenance	$2,835	$2,598	$6,298	($3,700)	
MAINTENANCE-DIRECT EXPENSES:					
Irrigation System Operations	$20,000	$18,334	$0	$18,334	
Contingency	$0	$0	$0	$0	
Transfer Out - R&M Fund	$259,377	$259,377	$259,377	$0	
TOTAL MAINTENANCE	$1,608,240	$1,498,000	$1,366,319	$131,682	
					
TOTAL EXPENDITURES	$1,764,307	$1,645,147	$1,510,562	$134,585	
					
EXCESS REVENUES (EXPENDITURES)	$0		$275,371		
					
FUND BALANCE - Beginning	$0		$691,476		
					
FUND BALANCE - Ending	$0		$966,847		

Replacement & Maintenance Fund Statement of Revenues & Expenditures For The Period Ending August 31, 2022

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Transfer In	$259,377	$259,377	$259,377	$0	
Interest	$750	$688	$4,818	$4,130	
TOTAL REVENUES	$260,127	$260,065	$264,195	$4,130	

EXPENDITURES:					
Contingency	$100	$92	$414	($323)	
Building Improvements	$114,109	$104,600	$14,250	$90,350	
Fountain Improvements	$4,725	$4,331	$0	$4,331	
Gate/Gatehouse Improvements	$46,305	$42,446	$17,437	$25,008	
Landscape Improvements	$23,625	$21,656	$30,736	($9,080)	
Irrigation Improvemnts	$11,813	$10,828	$0	$10,828	
Lighting Improvements	$2,363	$2,166	$0	$2,166	
Monument Impovements	$4,725	$4,331	$0	$4,331	
Pool Furniture	$11,813	$10,828	$6,078	$4,750	
Pool Repair & Replacements	$24,570	$22,523	$43,336	($20,814)	
Roadways/Sidewalks Improvements	$23,625	$21,656	$34,303	($12,647)	
Signage	$30,713	$28,154	$30,240	($2,086)	
Stormwater Improvement	$0	$0	$1,410	($1,410)	
Capital Outlay	$118,125	$108,281	$46,427	$61,855	
SEVEN EAGLES:					
Building Improvements	$0	$0	$0	$0	
Gate/Gatehouse Improvements	$2,363	$2,166	$0	$2,166	
Landscape Improvements	$2,363	$2,166	$0	$2,166	
Pool Furniture	$7,088	$6,497	$0	$6,497	
Pool Repair & Replacements	$0	$0	$2,722	($2,722)	
Capital Outlay	$0	$0	$25,113	($25,113)	
TOTAL EXPENDITURES	$428,422	$392,720	$252,468	$140,252	
					
EXCESS REVENUES (EXPENDITURES)	($168,295)		$11,727		
					
FUND BALANCE - Beginning	$861,572		$832,425		
					
FUND BALANCE - Ending	$693,278		$844,151		

Series 2004-1
Statement of Revenues & Expenditures
For The Period Ending August 31, 2022

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Special Assessments - Tax Collector	$1,336,719	$1,336,719	$1,346,928	$10,209	
Interest	$100	$92	$85	($6)	
TOTAL REVENUES	$1,336,819	$1,336,811	$1,347,013	$10,203	

EXPENDITURES:					
Interest Expense 11/01	$405,938	$405,938	$405,938	$0	
Principal Expense 05/01	$540,000	$540,000	$0	$540,000	
Interest Expense 05/01	$405,938	$405,938	$0	$405,938	
TOTAL EXPENDITURES	$1,351,875	$1,351,875	$405,938	$945,938	

Transfer In/(Out)	
$0	
$0	
($316,970)	
($316,970)	
Transfer Out - Escrow	$0	$0	($1,985,670)	($1,985,670)	
TOTAL OTHER	$0	$0	($2,302,640)	($2,302,640)	
					
EXCESS REVENUES (EXPENDITURES)	($15,056)		($1,361,564)		
					
FUND BALANCE - Beginning	$682,704		$1,361,564		
					
FUND BALANCE - Ending	$667,648		$0		

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Special Assessments Tax Collector	$326,875	$326,875	$329,613	$2,738	
Interest	$0	$0	$597	$597	
TOTAL REVENUES	$326,875	$326,875	$330,210	$3,335	

EXPENDITURES:					
Interest Expense 11/01	$83,163	$83,163	$83,163	$0	
Principal Expense 05/01	$160,000	$160,000	$160,000	$0	
Interest Expense 05/01	$83,163	$83,163	$83,163	$0	
TOTAL EXPENDITURES	$326,325	$326,325	$326,325	$0	
					
EXCESS REVENUES (EXPENDITURES)	$550		$3,885		
					
FUND BALANCE - Beginning	$170,957		$336,823		
					
FUND BALANCE - Ending	$171,507		$340,708		

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Special Assessments - Tax Collector	$538,024	$538,024	$542,530	$4,506	
Interest	$0	$0	$1,241	$1,241	
TOTAL REVENUES	$538,024	$538,024	$543,771	$5,747	

EXPENDITURES:					
Interest Expense 11/01	$188,516	$188,516	$188,516	$0	
Principal Expense 11/01	$160,000	$160,000	$160,000	$0	
Interest Expense 05/01	$185,016	$185,016	$185,016	$0	
TOTAL EXPENDITURES	$533,531	$533,531	$533,531	$0	
					
EXCESS REVENUES (EXPENDITURES)	$4,493		$10,240		
					
FUND BALANCE - Beginning	$421,379		$700,565		
					
FUND BALANCE - Ending	$425,872		$710,805		

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Special Assessments - Tax Collector	$503,509	$503,509	$507,726	$4,217	
Interest	$200	$183	$1,143	$960	
TOTAL REVENUES	$503,709	$503,692	$508,869	$5,177	

EXPENDITURES:					
Interest Expense 11/01	$176,388	$176,388	$176,388	$0	
Principal Expense 11/01	$145,000	$145,000	$145,000	$0	
Interest Expense 05/01	$173,850	$173,850	$173,850	$0	
TOTAL EXPENDITURES	$495,238	$495,238	$495,238	$0	
					
EXCESS REVENUES (EXPENDITURES)	$8,472		$13,632		
					
FUND BALANCE - Beginning	$382,105		$641,074		
					
FUND BALANCE - Ending	$390,577		$654,705		

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Special Assessments - Tax Collector	$438,505	$438,505	$442,175	$3,670	
Interest	$0	$0	$893	$893	
TOTAL REVENUES	$438,505	$438,505	$443,068	$4,563	

EXPENDITURES:					
Interest Expense 11/01	$155,494	$155,494	$155,494	$0	
Principal Expense 05/01	$125,000	$125,000	$125,000	$0	
Interest Expense 05/01	$155,494	$155,494	$155,494	$0	
TOTAL EXPENDITURES	$435,988	$435,988	$435,988	$0	
Transfer In/(Out)	$0	$0	($21)	$21	
TOTAL OTHER	$0	$0	($21)	$21	
					
EXCESS REVENUES (EXPENDITURES)	$2,518		$7,060		
					
FUND BALANCE - Beginning	$172,892		$502,628		
					
FUND BALANCE - Ending	$175,410		$509,688		

COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund
Series 2022
Statement of Revenues & Expenditures
For The Period Ending August 31, 2022

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:					
Bond Proceeds	$11,840,000	$11,840,000	$11,840,000	$0	
Premium	$184,559	$169,179	$184,559	$15,380	
Interest	$0	$0	$961	$961	
TOTAL REVENUES	$12,024,559	$12,009,179	$12,025,521	$16,342	

EXPENDITURES:					
Other Debt Service Costs	$355,731	$355,731	$352,025	$3,706	
TOTAL EXPENDITURES	$355,731	$355,731	$352,025	$3,706	
Transfer In/(Out)	($11,408,981)	$0	($11,091,849)	$11,091,849	
TOTAL OTHER	($11,408,981)	$0	($11,091,849)	$11,091,849	
					
EXCESS REVENUES (EXPENDITURES)	$259,847		$581,647		
					
FUND BALANCE - Beginning	$0		$0		
					
FUND BALANCE - Ending	$259,847		$581,647		

COMMUNITY DEVELOPMENT DISTRICT
Capital Projects Fund
Series 2015
Statement of Revenues & Expenditures
For The Period Ending August 31, 2022

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE		
REVENUES:

Interest	
$0	
$0	
$0		
$0	
TOTAL REVENUES	$0	$0	$0		$0	

EXPENDITURES:

Capital Outlay	

$0	

$0	

$0		

$0	
TOTAL EXPENDITURES	$0	$0	$0		$0	

Transfer In/(Out)	
$0	
$0	
($5)		
($5)	
TOTAL OTHER	$0	$0	($5)		($5)	
						
EXCESS REVENUES (EXPENDITURES)	$0		($5)			
						
FUND BALANCE - Beginning	$0		$5			
						
FUND BALANCE - Ending	$0		$0			

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:

Interest	
$0	
$0	
$0	
$0	
TOTAL REVENUES	$0	$0	$0	$0	

EXPENDITURES:

Capital Outlay - Construction	

$0	

$0	

$0	

$0	
TOTAL EXPENDITURES	$0	$0	$0	$0	

Transfer In/(Out)	
$0	
$0	
($67)	
($67)	
TOTAL OTHER	$0	$0	($67)	($67)	
					
EXCESS REVENUES (EXPENDITURES)	$0		($67)		
					
FUND BALANCE - Beginning	$0		$67		
					
FUND BALANCE - Ending	$0		$0		

	ADOPTED BUDGET	PRORATED THRU 8/31/22	ACTUAL THRU 8/31/22	
VARIANCE	
REVENUES:

Interest	
$0	
$0	
$152	
$152	
TOTAL REVENUES	$0	$0	$152	$152	

EXPENDITURES:

Capital Outlay - Construction	

$0	

$0	

$3,500	

($3,500)	
TOTAL EXPENDITURES	$0	$0	$3,500	($3,500)	

Transfer In/(Out)	
$0	
$0	
$21	
$21	
TOTAL OTHER	$0	$0	$21	$21	
					
EXCESS REVENUES (EXPENDITURES)	$0		($3,327)		
					
FUND BALANCE - Beginning	$0		$89,301		
					
FUND BALANCE - Ending	$0		$85,974		

	Oct		Nov	Dec	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept		Total	

Revenues																
Special Assessments - Tax Collector		$0	$261,780	$1,096,863	$80,643	$77,858	$53,233	$74,486	$47,379	$84,467	$0	$0		$0	$1,776,708	
Interest Income		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Miscellaneous Income		$0	$0	$0	$0	$0	$0	$60	$0	$0	$0	$0		$0	$60	
Rental Income		$0	$0	$0	$0	$0	$7,168	$0	$0	$1,763	$235	$0		$0	$9,165	
Total Revenues		$0	$261,780	$1,096,863	$80,643	$77,858	$60,401	$74,546	$47,379	$86,229	$235	$0		$0	$1,785,933	

Expenses																
Supervisor Fees		$800	$800	$600	$600	$800	$800	$600	$600	$800	$800	$600		$0	$7,800	
FICA		$61	$61	$46	$46	$61	$61	$46	$46	$61	$61	$46		$0	$597	
Engineering		$1,102	$375	$0	$375	$375	$479	$3,780	$7,059	$4,288	$323	$323		$0	$18,478	
Attorney		$1,627	$962	$857	$324	$632	$1,917	$2,832	$2,957	$2,023	$2,549	$1,663		$0	$18,343	
Trustee Fee		$0	$0	$0	$0	$0	$0	$0	$4,364	$8,081	$0	$3,717		$0	$16,163	
Dissemination		$833	$833	$833	$833	$833	$833	$833	$833	$833	$833	$833		$0	$9,167	
Arbitrage		$0	$0	$0	$0	$0	$0	$0	$0	$600	$1,800	$0		$0	$2,400	
Collection Agent		$7,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$7,500	
Property Appraiser Fee		$0	$0	$0	$0	$0	$669	$0	$0	$0	$0	$0		$0	$669	
Annual Audit		$0	$0	$0	$0	$0	$7,400	$0	$0	$0	$0	$0		$0	$7,400	
Management Fees		$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690	$3,690		$0	$40,585	
Information Technology		$117	$117	$117	$117	$117	$117	$117	$117	$117	$117	$117		$0	$1,283	
Website Maintenance		$67	$67	$67	$67	$67	$67	$67	$67	$67	$67	$67		$0	$733	
Telephone		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Postage		$39	$9	$6	$30	$13	$676	$125	$13	$32	$15	$14		$0	$970	
Printing & Binding		$159	$144	$116	$56	$4	$153	$0	$0	$11	$1	$0		$0	$645	
Insurance		$9,513	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$9,513	
Legal Advertising		$0	$193	$0	$264	$0	$241	$0	$189	$0	$590	$0		$0	$1,476	
Other Current Charges		$131	$84	$67	$0	$0	$0	$0	$0	$0	$0	$0		$0	$283	
Office Supplies		$15	$15	$15	$15	$1	$0	$0	$0	$0	$0	$0		$0	$64	
Travel Per Diem		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Dues, Licenses & Subscriptions		$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$175	
Total Administrative		$25,829	$7,350	$6,413	$6,417	$6,592	$17,102	$12,089	$19,935	$20,602	$10,845	$11,069		$0	$144,244	

	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept		Total	
Maintenance-Shared Expenses:															
Field Management	$2,802	$2,802	$2,802	$2,802	$2,802	$2,802	$2,802	$2,802	$2,802	$2,802	$2,802		$0	$30,823	
Management Services Agreement	$1,909	$1,909	$1,909	$1,909	$1,909	$1,909	$1,909	$1,909	$1,909	$1,909	$1,909		$0	$21,003	
Facility Lease Agreement	$1,600	$1,600	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$3,201	
Telephone	$551	$549	$549	$549	$487	$593	$387	$489	$489	$491	$495		$0	$5,629	
Electric	$23,510	$21,015	$13,870	$24,271	$24,561	$18,029	$17,266	$32,324	$24,350	$20,996	$24,709		$0	$244,901	
Water & Sewer	$2,573	$1,864	$2,145	$2,420	$1,323	$3,388	$1,586	$1,966	$2,571	$1,142	$2,389		$0	$23,367	
Gas	$940	$1,509	$2,698	$4,017	$3,970	$5,285	$3,607	$2,664	$1,956	$4,077	$528		$0	$31,251	
Pool and Fountain Maintenance	$14,420	$9,638	$8,555	$7,446	$6,306	$6,602	$10,176	$10,137	$6,822	$5,688	$6,989		$0	$92,779	
Environmental	$703	$214	$214	$395	$947	$395	$395	$395	$913	$395	$905		$0	$5,874	
Property Insurance	$28,991	$0	$0	$0	$0	$0	$0	$0	$0	$137	$0		$0	$29,128	
Irrigation Repairs	$652	$0	$0	$1,104	$102	$0	$460	$1,115	$243	$331	$812		$0	$4,819	
Landscape Contract	$30,688	$60,565	$42,608	$30,688	$30,688	$38,963	$29,438	$29,618	$41,551	$29,630	$29,630		$0	$394,066	
Landscape Contingency	$0	$0	$0	$0	$1,159	$0	$369	$2,256	$259	$0	$1,977		$0	$6,019	
Gate and Gatehouse Expenses	$3,982	$1,172	$2,243	$919	$1,471	$951	$2,100	$1,557	$2,590	$1,441	$1,299		$0	$19,725	
Roadways/Sidewalks	$0	$2,092	$0	$0	$2,879	$0	$0	$0	$0	$451	$0		$0	$5,421	
Lighting	$0	$0	$0	$0	$0	$0	$49	$0	$0	$157	$0		$0	$207	
MSA Building Repairs	$0	$0	$0	$0	$11	$0	$0	$0	$0	$0	$0		$0	$11	
Pressure Washing	$0	$5,485	$5,537	$3,149	$658	$0	$369	$0	$0	$517	$0		$0	$15,714	
Repairs & Maintenance	$0	$2,209	$0	$470	$0	$1,497	$470	$644	$2,517	$475	$3,379		$0	$11,661	
Signage	$0	$0	$0	$284	$0	$0	$0	$0	$2,274	$200	$369		$0	$3,127	
Security	$5,483	$5,483	$5,483	$6,541	$6,541	$6,541	$6,541	$6,541	$6,553	$6,553	$6,553		$0	$68,813	
Parking Violation Tags
Seven Eagles:
Electric	$0

$1,235	$0

$152	$0

$213	$0

$886	$0

$1,653	$0

$853	$0

$204	$0

$1,798	$0

$1,262	$0

$1,401	$0

$1,237		$0

$0	$0

$10,893	
Water & Sewer	$298	$343	$287	$357	$316	$291	$655	$250	$927	$923	$465		$0	$5,113	
Gas	$261	$237	$369	$1,253	$1,082	$1,424	$1,031	$851	$712	$525	$238		$0	$7,982	
Telephone/Emergency Pool Phone	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Contract Cleaning	$2,459	$2,395	$2,395	$2,459	$2,268	$2,459	$2,459	$2,459	$2,459	$2,459	$2,459		$0	$26,734	
Landscape Contract	$472	$1,820	$1,002	$472	$472	$665	$665	$472	$1,002	$472	$472		$0	$7,988	
Landscape Contingency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Pool Maintenance	$1,785	$2,276	$2,122	$1,640	$2,223	$3,495	$1,684	$1,963	$1,503	$1,966	$1,993		$0	$22,648	
Lighting	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Fitness Center Repairs & Maintenance	$0	$118	$0	$0	$118	$0	$990	$0	$129	$263	$129		$0	$1,747	
Operating Supplies	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Pest Control	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Repairs & Maintenance
Maintenance - Direct:
Irrigation System Operations	$576

$0	$0

$0	$0

$0	$362

$0	$0

$0	$31

$0	$3,154

$0	$125

$0	$470

$0	$1,539

$0	$41

$0		$0

$0	$6,298

$0	
Contingency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	
Transfer Out - R&M Fund	$0	$100,000	$0	$0	$0	$0	$0	$159,377	$0	$0	$0		$0	$259,377	
Total Maintenance	$125,891	$225,449	$95,002	$94,394	$93,946	$96,172	$88,767	$261,713	$106,263	$86,943	$91,781		$0	$1,366,319	
															
Total Expenses	$151,721	$232,798	$101,415	$100,811	$100,538	$113,274	$100,856	$281,647	$126,865	$97,787	$102,850		$0	$1,510,562	
															
Excess Revenues (Expenditures)	($151,721)	$28,981	$995,448	($20,167)	($22,680)	($52,873)	($26,311)	($234,268)	($40,636)	($97,552)	($102,850)		$0	$275,371	

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
LONG TERM DEBT REPORT

SERIES 2015, SPECIAL ASSESSMENT REFUNDING AND IMPROVEMENT BONDS
ASSESSMENT AREA TWO - PHASE ONE	
INTEREST RATES:	3.500%, 4.250%, 5.000%		
MATURITY DATE:	5/1/2036		
RESERVE FUND REQUIREMENT	$163,438		
RESERVE FUND BALANCE	$163,722		
BONDS OUTSTANDING - 9/30/20		$3,585,000	
LESS: PRINCIPAL PAYMENT 05/01/21		($155,000)	
LESS: PRINCIPAL PAYMENT 05/01/22		($160,000)	
CURRENT BONDS OUTSTANDING		$3,270,000	

SERIES 2016, SPECIAL ASSESSMENT BONDS
ASSESSMENT AREA THREE PROJECT	
INTEREST RATES:	3.625%, 4.375%, 5.000%		
MATURITY DATE:	11/1/2046		
RESERVE FUND REQUIREMENT	$274,875		
RESERVE FUND BALANCE	$275,705		
BONDS OUTSTANDING - 9/30/20		$7,880,000	
LESS: PRINCIPAL PAYMENT 11/1/20		($155,000)	
LESS: PRINCIPAL PAYMENT 11/1/21		($160,000)	
CURRENT BONDS OUTSTANDING		$7,565,000	

SERIES 2017, SPECIAL ASSESSMENT BONDS
ASSESSMENT AREA FOUR PROJECT	
INTEREST RATES:	3.500%, 4.250%, 4.750%, 5.000%		
MATURITY DATE:	11/1/2047		
RESERVE FUND REQUIREMENT	$254,625		
RESERVE FUND BALANCE	$255,092		
BONDS OUTSTANDING - 9/30/20		$7,575,000	
LESS: PRINCIPAL PAYMENT 11/1/20		($145,000)	
LESS: PRINCIPAL PAYMENT 11/1/21		($145,000)	
CURRENT BONDS OUTSTANDING		$7,285,000	

SERIES 2019, SPECIAL ASSESSMENT BONDS
ASSESSMENT AREA FIVE PROJECT	
INTEREST RATES:	3.750%, 4.000%, 4.500%, 4.625%		
MATURITY DATE:	5/1/2050		
RESERVE FUND REQUIREMENT	$326,484		
RESERVE FUND BALANCE	$327,052		
BONDS OUTSTANDING - 9/30/20		$7,095,000	
LESS: PRINCIPAL PAYMENT 05/01/21		($120,000)	
LESS: PRINCIPAL PAYMENT 05/01/22		($125,000)	
CURRENT BONDS OUTSTANDING		$6,850,000	

SERIES 2022, SPECIAL ASSESSMENT REFUNDING BONDS	
INTEREST RATES:	3.000%		
MATURITY DATE:	5/1/2031		
RESERVE FUND BALANCE	$259,938		
BONDS OUTSTANDING - 02/15/22		$11,840,000	
CURRENT BONDS OUTSTANDING		$11,840,000	

REUNION WEST

Gross Assessments $	5,217,660 $	1,874,416 $	1,421,000 $	347,739 $	572,366 $	535,648 $	466,492	
Net Assessments $	4,904,601 $	1,761,951 $	1,335,740 $	326,875 $	538,024 $	503,509 $	438,502	

COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS - FY2022 TAX COLLECTOR

Date Received	

Dist.	Gross Assessments Received	
Discounts/ Penalties	
Commissions Paid	
Interest Income	
Net Amount Received	
General Fund 35.92%	2004-1
Debt Svc Fund 27.23%	2015
Debt Svc Fund 6.66%	2016
Debt Svc Fund 10.97%	2017
Debt Svs Fund 10.27%	2019
Debt Svs Fund 8.94%	
Total 100%	
11/22/21	ACH	$	742,372.52	$ 29,695.24	$  14,253.54	$	-	$  698,423.74	$	250,904.91	$  190,211.78	$	46,547.53	$	76,615.51	$	71,700.55	$	62,443.46	$  698,423.74	
11/26/21	ACH	$	32,520.09	$  1,631.32	$	617.78	$	-	$	30,270.99	$	10,874.69	$	8,244.13	$	2,017.46	$	3,320.66	$	3,107.64	$	2,706.42	$	30,270.99	
12/8/21	ACH	$  2,911,215.17	$ 116,450.07	$  55,895.30	$	-	$ 2,738,869.80	$	983,924.02	$  745,915.78	$  182,536.23	$  300,447.83	$  281,173.81	$  244,872.14	$ 2,738,869.80	
12/9/21	ACH	$	3,843.91	$	47.13	$	75.94	$	-	$	3,720.84	$	1,336.69	$	1,013.35	$	247.98	$	408.17	$	381.98	$	332.67	$	3,720.84	
12/22/21	ACH	$	328,800.70	$ 11,803.56	$	6,339.93	$	-	$  310,657.21	$	111,601.91	$	84,605.74	$	20,704.23	$	34,078.39	$	31,892.23	$	27,774.70	$  310,657.21	
1/10/22	ACH	$	224,088.54	$  6,722.75	$	4,347.32	$	-	$  213,018.47	$	76,525.72	$	58,014.38	$	14,196.95	$	23,367.64	$	21,868.59	$	19,045.19	$  213,018.47	
1/10/22	ACH	$	12,057.59	$	361.74	$	233.92	$	-	$	11,461.93	$	4,117.64	$	3,121.59	$	763.90	$	1,257.35	$	1,176.69	$	1,024.77	$	11,461.93	
2/10/22	ACH	$	4,661.26	$	93.23	$	-	$	-	$	4,568.03	$	1,641.04	$	1,244.08	$	304.44	$	501.10	$	468.96	$	408.41	$	4,568.03	
2/10/22	ACH	$	221,148.95	$  4,660.10	$	4,329.78	$	-	$  212,159.07	$	76,216.99	$	57,780.33	$	14,139.67	$	23,273.37	$	21,780.36	$	18,968.35	$  212,159.07	
3/10/22	ACH	$	152,848.76	$  1,642.96	$	3,024.11	$	-	$  148,181.69	$	53,233.46	$	40,356.45	$	9,875.80	$	16,255.20	$	15,212.41	$	13,248.37	$  148,181.69	
4/8/22	ACH	$	200,213.16	$	61.21	$	4,003.06	$	-	$  196,148.89	$	70,465.42	$	53,420.05	$	13,072.65	$	21,517.09	$	20,136.75	$	17,536.94	$  196,148.89	
4/8/22	ACH	$	11,419.83	$	-	$	228.38	$	-	$	11,191.45	$	4,020.47	$	3,047.93	$	745.87	$	1,227.68	$	1,148.92	$	1,000.59	$	11,191.45	
5/9/22	ACH	$	132,975.41	$	-	$	2,659.51	$	-	$  130,315.90	$	46,815.28	$	35,490.80	$	8,685.11	$	14,295.36	$	13,378.30	$	11,651.06	$  130,315.90	
5/9/22	ACH	$	1,600.79	$	-	$	32.01	$	-	$	1,568.78	$	563.58	$	427.25	$	104.55	$	172.09	$	161.05	$	140.26	$	1,568.78	
6/8/22	ACH	$	49,816.11	$	-	$	996.32	$	-	$	48,819.79	$	17,538.24	$	13,295.80	$	3,253.67	$	5,355.42	$	5,011.87	$	4,364.80	$	48,819.79	
6/8/22	ACH	$	2,299.03	$	-	$	45.98	$	-	$	2,253.05	$	809.40	$	613.61	$	150.16	$	247.15	$	231.30	$	201.44	$	2,253.05	
6/17/22	ACH	$	187,806.51	$	-	$	3,756.14	$	-	$  184,050.37	$	66,119.09	$	50,125.08	$	12,266.32	$	20,189.91	$	18,894.71	$	16,455.26	$  184,050.37	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Totals		$  5,219,688.33	$ 173,169.31	$ 100,839.02	$	-	$ 4,945,680.00	$ 1,776,708.53	$ 1,346,928.12	$  329,612.51	$  542,529.92	$  507,726.11	$  442,174.82	$ 4,945,680.00	

!!"#$%&  4

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
$57,560,000, SERIES 2004, WHICH HAVE BEEN TRIFURCATED INTO THE $16,905,000, $40,405,000, AND $250,000
SPECIAL ASSESSMENT BONDS,
SERIES 2004-1, SERIES 2004-2, AND SERIES 2004-3 ARBITRAGE REBATE REQUIREMENT
MARCH 31, 2021 (FINAL)

September 8, 2022

Reunion West Community Development District Osceola County, Florida

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

Re: $57,560,000 Reunion West Community Development District (Osceola County, Florida),  Special Assessment Bonds, Series 2004, which have been trifurcated into the $16,905,000, $40,405,000, and $250,000 Special Assessment Bonds, Series 2004-1, Series 2004-2, and Series 2004-3 Bonds (the "Bonds")

Reunion West Community Development District has requested that we prepare certain computations related to the above-described Bonds for the year ended March 31, 2022 ("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 amended and restated first supplemental trust indenture 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 ($4,457,605) for March 31, 2022. 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 Expenditures Future Value Report - Verifies the rebate calculation. The report future values the purpose expenditures by the arbitrage yield limit to the computation date (March 31, 2022).

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.

Reunion West Community Development District Special Assessment Bonds, Series 2004 -Trifurcated Summary of Rebate Calculations
$ 57,560,000.00

Dated: Delivered:

08/01/2012
08/01/2012

Anniversary Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11/01/2012	
Future-Value Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	03/31/2022	
Arbitrage Yield Limit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	6.2513383	
Total of Purpose Expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$57,598,959.00	
Internal Rate of Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	0.0863943	
90% of rebate liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$4,011,844.16	
Full rebate liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	-$4,457,604.62	

REUNIONW04T-2012-A | FY: 1 | Mun-EaseElevateMainDb | 18.00J EDB | 09/08/2022 | 12:38 | Rpt22

Grau & Associates
Grau & Associates CPAs

Page	1

Transaction Date	Group ID	Fund ID	
Description	Future Value Periods	Calculation Amt (Int. Earnings)	
Pool %	FV
Factor	FV
Amount	
8/1/2012	-1	COI	Beg. Arbitrage Gross Proceeds	19.3333333	-57,560,000.00	100.0000000	1.8131110	-104,362,671.87	
8/21/2012	0		Remed Exp	19.2222222	-759,574.00	100.0000000	1.8069212	-1,372,490.34	
8/21/2012	0		COI	19.2222222	15,000.00	100.0000000	1.8069212	27,103.82	
8/21/2012	0		Bond Trifurcation	19.2222222	44,715,452.00	100.0000000	1.8069212	80,797,296.87	
8/22/2012	0		COI	19.2166667	35,000.00	100.0000000	1.8066122	63,231.43	
8/27/2012	0		COI	19.1888889	62,291.00	100.0000000	1.8050683	112,439.51	
8/28/2012	0		COI	19.1833333	37,025.00	100.0000000	1.8047597	66,821.23	
10/4/2012	0		Reserve 2004-1	18.9833333	-5.00	100.0000000	1.7936844	-8.97	
11/19/2012	0		Remed Exp	18.7333333	1,733.00	100.0000000	1.7799358	3,084.63	
11/21/2012	0		Remed Exp	18.7222222	6,294.00	100.0000000	1.7793272	11,199.09	
11/21/2012	0		COI	18.7222222	10,000.00	100.0000000	1.7793272	17,793.27	
12/14/2012	0		COI	18.5944444	25,534.00	100.0000000	1.7723433	45,255.01	
12/19/2012	0		Remed Exp	18.5666667	13,061.00	100.0000000	1.7708286	23,128.79	
1/15/2013	0		COI	18.4222222	6,338.00	100.0000000	1.7629735	11,173.73	
4/10/2013	0		Remed Exp	17.9500000	27,474.00	100.0000000	1.7375355	47,737.05	
5/7/2013	0		Remed Exp	17.8000000	134,729.00	100.0000000	1.7295323	233,018.16	
6/18/2013	0		Remed Exp	17.5722222	11,881.00	100.0000000	1.7174497	20,405.02	
6/26/2013	0		Remed Exp	17.5277778	6,453.00	100.0000000	1.7151020	11,067.55	
7/23/2013	0		Remed Exp	17.3777778	655.00	100.0000000	1.7072021	1,118.22	
7/25/2013	0		Remed Exp	17.3666667	-16,544.00	100.0000000	1.7066183	-28,234.29	
8/19/2013	0		Remed Exp	17.2333333	3,395.00	100.0000000	1.6996291	5,770.24	
10/15/2013	0		Remed Exp	16.9222222	-58,570.00	100.0000000	1.6834321	-98,598.62	
10/28/2013	0		Remed Exp	16.8500000	55,483.00	100.0000000	1.6796942	93,194.48	
11/1/2013	0		Reserve 2004-1	16.8333333	1,071.00	100.0000000	1.6788328	1,798.03	
11/6/2013	0		Remed Exp	16.8055556	20,150.00	100.0000000	1.6773981	33,799.57	
11/19/2013	0		Remed Exp	16.7333333	22,276.00	100.0000000	1.6736736	37,282.75	
12/9/2013	0		Remed Exp	16.6222222	120.00	100.0000000	1.6679598	200.16	
12/19/2013	0		Remed Exp	16.5666667	7,547.00	100.0000000	1.6651102	12,566.59	
12/26/2013	0		Remed Exp	16.5277778	15,925.00	100.0000000	1.6631184	26,485.16	
1/31/2014	0		Remed Exp	16.3388889	-2,600.00	100.0000000	1.6534776	-4,299.04	
4/25/2014	0		Remed Exp	15.8666667	9,425.00	100.0000000	1.6296196	15,359.16	
5/1/2014	0		Reserve 2004-1	15.8333333	51.00	100.0000000	1.6279486	83.03	
5/21/2014	0		Remed Exp	15.7222222	35,636.00	100.0000000	1.6223908	57,815.52	
5/21/2014	0		COI	15.7222222	3,943.00	100.0000000	1.6223908	6,397.09	
8/14/2014	2015		Remed Exp	15.2611111	22,137.00	100.0000000	1.5995282	35,408.76	
8/20/2014	2015		Remed Exp	15.2277778	3,092.00	100.0000000	1.5978880	4,940.67	
8/22/2014	2015		Remed Exp	15.2166667	9,890.00	100.0000000	1.5973417	15,797.71	
11/3/2014	2015		Reserve 2004-1	14.8222222	75.00	100.0000000	1.5780668	118.36	
11/20/2014	2015		Remed Exp	14.7277778	31,833.00	100.0000000	1.5734863	50,088.79	
12/15/2014	2015		Remed Exp	14.5888889	19,589.00	100.0000000	1.5667744	30,691.54	
12/26/2014	2015		Remed Exp	14.5277778	-4,754.00	100.0000000	1.5638302	-7,434.45	
2/18/2015	2015		Remed Exp	14.2388889	14,250.00	100.0000000	1.5499871	22,087.32	
4/14/2015	2015		Remed Exp	13.9277778	4,685.00	100.0000000	1.5352162	7,192.49	
5/1/2015	2015		Reserve 2004-1	13.8333333	68.00	100.0000000	1.5307600	104.09	
5/19/2015	2015		Construction	13.7333333	4,695,000.00	100.0000000	1.5260559	7,164,832.39	

Transaction Date	Group ID	Fund ID	
Description	Future Value Periods	Calculation Amt (Int. Earnings)	
Pool %	FV
Factor	FV
Amount	
5/21/2015	2015		Remed Exp	13.7222222	1,377.00	100.0000000	1.5255341	2,100.66	
6/3/2015	2015		Remed Exp	13.6555556	9,405.00	100.0000000	1.5224071	14,318.24	
6/16/2015	2015		Remed Exp	13.5833333	9,500.00	100.0000000	1.5190267	14,430.75	
6/26/2015	2015		Construction	13.5277778	7,278,391.00	100.0000000	1.5164316	11,037,182.04	
8/6/2015	2016		Remed Exp	13.3055556	-31.00	100.0000000	1.5060952	-46.69	
8/14/2015	2016		Remed Exp	13.2611111	55,854.00	100.0000000	1.5040364	84,006.45	
10/16/2015	2016		Remed Exp	12.9166667	17,493.00	100.0000000	1.4881758	26,032.66	
3/21/2016	2016		Remed Exp	12.0555556	10,000.00	100.0000000	1.4492521	14,492.52	
3/24/2016	2016		Remed Exp	12.0388889	14,380.00	100.0000000	1.4485089	20,829.56	
3/24/2016	2016		Remed Exp	12.0388889	236,920.00	100.0000000	1.4485089	343,180.73	
5/2/2016	2016		Reserve	11.8277778	11,022.00	100.0000000	1.4391276	15,862.06	
5/5/2016	2016		Remed Exp	11.8111111	-7.00	100.0000000	1.4383895	-10.07	
6/17/2016	2016		Remed Exp	11.5777778	13,569.00	100.0000000	1.4280967	19,377.84	
5/1/2018	2018		Reserve	7.8333333	6,253.00	100.0000000	1.2726426	7,957.83	
5/2/2018	2018		Reserve	7.8277778	718.00	100.0000000	1.2724250	913.60	
6/4/2018	2018		Reserve	7.6500000	775.00	100.0000000	1.2654817	980.75	
7/3/2018	2018		Reserve	7.4888889	805.00	100.0000000	1.2592221	1,013.67	
8/2/2018	2019		Reserve	7.3277778	878.00	100.0000000	1.2529934	1,100.13	
9/5/2018	2019		Reserve	7.1444444	887.00	100.0000000	1.2459431	1,105.15	
10/2/2018	2019		Reserve	6.9944444	893.00	100.0000000	1.2402042	1,107.50	
11/2/2018	2019		Reserve	6.8277778	1,012.00	100.0000000	1.2338586	1,248.66	
12/4/2018	2019		Reserve	6.6500000	1,011.00	100.0000000	1.2271258	1,240.62	
1/3/2019	2019		Reserve	6.4888889	1,092.00	100.0000000	1.2210559	1,333.39	
2/4/2019	2019		Reserve	6.3166667	1,151.00	100.0000000	1.2146006	1,398.01	
3/4/2019	2019		Reserve	6.1500000	1,044.00	100.0000000	1.2083860	1,261.56	
4/2/2019	2019		Reserve	5.9944444	1,163.00	100.0000000	1.2026144	1,398.64	
5/2/2019	2019		Reserve	5.8277778	1,132.00	100.0000000	1.1964612	1,354.39	
6/4/2019	2019		Reserve	5.6500000	1,160.00	100.0000000	1.1899324	1,380.32	
7/2/2019	2019		Reserve	5.4944444	1,122.00	100.0000000	1.1842490	1,328.73	
8/1/2019	2020		Reserve	5.3333333	1,142.00	100.0000000	1.1783912	1,345.72	
9/1/2019	2020		Reserve	5.1666667	1,131.00	100.0000000	1.1723619	1,325.94	
10/1/2019	2020		Reserve	5.0000000	997.00	100.0000000	1.1663634	1,162.86	
11/1/2019	2020		Reserve	4.8333333	1,012.00	100.0000000	1.1603957	1,174.32	
12/1/2019	2020		Reserve	4.6666667	852.00	100.0000000	1.1544584	983.60	
1/1/2020	2020		Reserve	4.5000000	754.00	100.0000000	1.1485516	866.01	
2/1/2020	2020		Reserve	4.3333333	719.00	100.0000000	1.1426750	821.58	
3/1/2020	2020		Reserve	4.1666667	653.00	100.0000000	1.1368284	742.35	
4/1/2020	2020		Reserve	4.0000000	692.00	100.0000000	1.1310118	782.66	
5/1/2020	2020		Reserve	3.8333333	389.00	100.0000000	1.1252249	437.71	
6/1/2020	2020		Reserve	3.6666667	6.00	100.0000000	1.1194676	6.72	
7/1/2020	2020		Reserve	3.5000000	5.00	100.0000000	1.1137398	5.57	
8/1/2020	2020		Reserve	3.3333333	6.00	100.0000000	1.1080413	6.65	
9/1/2020	2020		Reserve	3.1666667	6.00	100.0000000	1.1023719	6.61	
10/1/2020	2020		Reserve	3.0000000	5.00	100.0000000	1.0967316	5.48	
11/1/2020	2020		Reserve	2.8333333	6.00	100.0000000	1.0911201	6.55	

	Transaction Date	Group ID	Fund ID	
Description	Future Value Periods	Calculation Amt (Int. Earnings)	
Pool %	FV
Factor	FV
Amount		
	11/24/2020	2020		Reserve	2.7055556	3,771.00	100.0000000	1.0868374	4,098.46		
	12/1/2020	2020		Reserve	2.6666667	5.00	100.0000000	1.0855373	5.43		
	1/1/2021	2020		Reserve	2.5000000	6.00	100.0000000	1.0799831	6.48		
	2/1/2021	2020		Reserve	2.3333333	6.00	100.0000000	1.0744573	6.45		
	3/1/2021	2020		Reserve	2.1666667	5.00	100.0000000	1.0689598	5.34		
	4/1/2021	2020		Reserve	2.0000000	6.00	100.0000000	1.0634904	6.38		
	5/1/2021	2020		Reserve	1.8333333	5.00	100.0000000	1.0580490	5.29		
	6/1/2021	2020		Reserve	1.6666667	6.00	100.0000000	1.0526354	6.32		
	7/1/2021	2020		Reserve	1.5000000	5.00	100.0000000	1.0472495	5.24		
	8/1/2021	2021		Reserve	1.3333333	6.00	100.0000000	1.0418912	6.25		
	9/1/2021	2021		Reserve	1.1666667	6.00	100.0000000	1.0365603	6.22		
	10/1/2021	2021		Reserve	1.0000000	5.00	100.0000000	1.0312567	5.16		
	11/1/2021	2021		Reserve	0.8333333	6.00	100.0000000	1.0259802	6.16		
	12/1/2021	2021		Reserve	0.6666667	5.00	100.0000000	1.0207307	5.10		
	12/3/2021	2021		Reserve	0.6555556	7.00	100.0000000	1.0203817	7.14		
	1/1/2022	2021		Reserve	0.5000000	6.00	100.0000000	1.0155081	6.09		
	2/1/2022	2021		Reserve	0.3333333	6.00	100.0000000	1.0103122	6.06		
	2/15/2022	2021		Reserve	0.2555556	665,236.00	100.0000000	1.0078965	670,489.06		
	3/1/2022	2021		Reserve	0.1666667	3.00	100.0000000	1.0051429	3.02		
						38,959.00			-4,457,604.62		

	Arbitrage Yield Limit (AYL) . . . . . . . . . . . . . . .	6.2513383		
	Internal Rate of Return (IRR) . . . . . . . . . . . . .	0.0863943			
	Future Valued To.. . . . . . . . . . . . . . . . . . . . . . . .	3/31/2022			

A.Y.L. Verification Report
57,560,000.00

MSRB 30/360 SEMI 4/3

Period	Coupon Date	Principal Payment	Coupon Rate	Interest Payment	Cred. Enh./ Sinking Fund Adj	Periodic Debt Service	Present Value Factor	Discounted Debt Service	
1	11/01/2012	1,930,000.00	6.250	899,375.01	-	2,829,375.01	0.9847287	2,786,166.87	
2	05/01/2013	1,030,000.00	6.250	1,738,437.50	-	2,768,437.50	0.9548823	2,643,531.89	
3	11/01/2013			1,706,250.00	-	1,706,250.00	0.9259404	1,579,885.87	
4	05/01/2014	1,095,000.00	6.250	1,706,250.00	-	2,801,250.00	0.8978758	2,515,174.62	
5	11/01/2014			1,672,031.25	-	1,672,031.25	0.8706618	1,455,773.74	
6	05/01/2015	1,165,000.00	6.250	1,672,031.25	-	2,837,031.25	0.8442726	2,395,227.85	
7	11/01/2015			1,635,625.00	-	1,635,625.00	0.8186833	1,339,058.88	
8	05/01/2016	1,235,000.00	6.250	1,635,625.00	-	2,870,625.00	0.7938696	2,278,901.83	
9	11/01/2016			1,597,031.25	-	1,597,031.25	0.7698079	1,229,407.30	
10	05/01/2017	1,315,000.00	6.250	1,597,031.25	-	2,912,031.25	0.7464756	2,173,760.16	
11	11/01/2017			1,555,937.50	-	1,555,937.50	0.7238504	1,126,265.97	
12	05/01/2018	1,405,000.00	6.250	1,555,937.50	-	2,960,937.50	0.7019110	2,078,314.54	
13	11/01/2018			1,512,031.25	-	1,512,031.25	0.6806365	1,029,143.71	
14	05/01/2019	1,490,000.00	6.250	1,512,031.25	-	3,002,031.25	0.6600069	1,981,361.34	
15	11/01/2019			1,465,468.75	-	1,465,468.75	0.6400025	937,903.72	
16	05/01/2020	1,590,000.00	6.250	1,465,468.75	-	3,055,468.75	0.6206045	1,896,237.64	
17	11/01/2020			1,415,781.25	-	1,415,781.25	0.6017944	852,009.22	
18	05/01/2021	1,690,000.00	6.250	1,415,781.25	-	3,105,781.25	0.5835544	1,812,392.36	
19	11/01/2021			1,362,968.75	-	1,362,968.75	0.5658673	771,259.41	
20	05/01/2022	1,800,000.00	6.250	1,362,968.75	-	3,162,968.75	0.5487162	1,735,572.26	
21	11/01/2022			1,306,718.75	-	1,306,718.75	0.5320850	695,285.45	
22	05/01/2023	1,915,000.00	6.250	1,306,718.75	-	3,221,718.75	0.5159579	1,662,271.14	
23	11/01/2023			1,246,875.00	-	1,246,875.00	0.5003195	623,835.92	
24	05/01/2024	2,040,000.00	6.250	1,246,875.00	-	3,286,875.00	0.4851552	1,594,644.46	
25	11/01/2024			1,183,125.00	-	1,183,125.00	0.4704505	556,601.71	
26	05/01/2025	2,170,000.00	6.250	1,183,125.00	-	3,353,125.00	0.4561914	1,529,666.89	
27	11/01/2025			1,115,312.50	-	1,115,312.50	0.4423646	493,374.74	
28	05/01/2026	2,310,000.00	6.250	1,115,312.50	-	3,425,312.50	0.4289568	1,469,311.11	
29	11/01/2026			1,043,125.00	-	1,043,125.00	0.4159554	433,893.49	
30	05/01/2027	2,460,000.00	6.250	1,043,125.00	-	3,503,125.00	0.4033481	1,412,978.78	
31	11/01/2027			966,250.00	-	966,250.00	0.3911229	377,922.48	
32	05/01/2028	2,620,000.00	6.250	966,250.00	-	3,586,250.00	0.3792682	1,360,150.63	
33	11/01/2028			884,375.00	-	884,375.00	0.3677729	325,249.11	
34	05/01/2029	2,790,000.00	6.250	884,375.00	-	3,674,375.00	0.3566259	1,310,377.31	
35	11/01/2029			797,187.50	-	797,187.50	0.3458168	275,680.84	
36	05/01/2030	2,970,000.00	6.250	797,187.50	-	3,767,187.50	0.3353353	1,263,271.11	
37	11/01/2030			704,375.00	-	704,375.00	0.3251716	229,042.71	
38	05/01/2031	3,160,000.00	6.250	704,375.00	-	3,864,375.00	0.3153158	1,218,498.59	
39	11/01/2031			605,625.00	-	605,625.00	0.3057588	185,175.18	
40	05/01/2032	3,365,000.00	6.250	605,625.00	-	3,970,625.00	0.2964915	1,177,256.46	
41	11/01/2032			500,468.75	-	500,468.75	0.2875050	143,887.28	

A.Y.L. Verification Report
57,560,000.00

MSRB 30/360 SEMI 4/3

Period	Coupon Date	Principal Payment	Coupon Rate	Interest Payment	Cred. Enh./ Sinking Fund Adj	Periodic Debt Service	Present Value Factor	Discounted Debt Service	
42	05/01/2033	3,580,000.00	6.250	500,468.75	-	4,080,468.75	0.2787909	1,137,597.70	
43	11/01/2033			388,593.75	-	388,593.75	0.2703410	105,052.81	
44	05/01/2034	3,810,000.00	6.250	388,593.75	-	4,198,593.75	0.2621471	1,100,649.26	
45	11/01/2034			269,531.25	-	269,531.25	0.2542016	68,515.28	
46	05/01/2035	4,055,000.00	6.250	269,531.25	-	4,324,531.25	0.2464969	1,065,983.72	
47	11/01/2035			142,812.50	-	142,812.50	0.2390258	34,135.87	
48	05/01/2036	4,570,000.00	6.250	142,812.50	-	4,712,812.50	0.2317811	1,092,340.75	
		57,560,000.00		52,792,812.51	0.00	110,352,812.51		57,559,999.98	
True Interest Cost (TIC). . . . . . . . . . . . . . . . . .	6.2513383		Face value of bond Issue. . . . . . . . . . . . . . .	$57,560,000.00	
Net Interest Cost (NIC). . . . . . . . . . . . . . . . . . .	6.2500000		Accrued interest (+) . . . . . . . . . . . . . . . . . . .		
Arbitrage Yield Limit (AYL) . . . . . . . . . . . . . . .	6.2513383		Original issue premium/discount (+). . . . . .	$0.00	
Arbitrage Net Interest Cost (ANIC). . . . . . . . .	6.2500000		Bond surety fee (-). . . . . . . . . . . . . . . . . . . . .	$0.00	
			Lump-sum credit enhancements (-). . . . . . . .
Other AYL costs (-) . . . . . . . . . . . . . . . . . . . .	$0.00	
			= AYL Target. . . . . . . . . . . . . . . . .	$57,560,000.00	

T.I.C. Verification Report (Regular)
57,560,000.00

Dated:	8/1/2012
Delivered:	8/1/2012

Period	Coupon Date	Principal Payment	Coupon Rate	Interest Payment	Credit Enhancements	Periodic Debt Service	Present Value Factor	Discounted Debt Service	
1	11/1/2012	1,930,000.00	6.250	899,375.01	-	2,829,375.01	0.9847287	2,786,166.87	
2	5/1/2013	1,030,000.00	6.250	1,738,437.50	-	2,768,437.50	0.9548823	2,643,531.89	
3	11/1/2013			1,706,250.00	-	1,706,250.00	0.9259404	1,579,885.87	
4	5/1/2014	1,095,000.00	6.250	1,706,250.00	-	2,801,250.00	0.8978758	2,515,174.62	
5	11/1/2014			1,672,031.25	-	1,672,031.25	0.8706618	1,455,773.74	
6	5/1/2015	1,165,000.00	6.250	1,672,031.25	-	2,837,031.25	0.8442726	2,395,227.85	
7	11/1/2015			1,635,625.00	-	1,635,625.00	0.8186833	1,339,058.88	
8	5/1/2016	1,235,000.00	6.250	1,635,625.00	-	2,870,625.00	0.7938696	2,278,901.83	
9	11/1/2016			1,597,031.25	-	1,597,031.25	0.7698079	1,229,407.30	
10	5/1/2017	1,315,000.00	6.250	1,597,031.25	-	2,912,031.25	0.7464756	2,173,760.16	
11	11/1/2017			1,555,937.50	-	1,555,937.50	0.7238504	1,126,265.97	
12	5/1/2018	1,405,000.00	6.250	1,555,937.50	-	2,960,937.50	0.7019110	2,078,314.54	
13	11/1/2018			1,512,031.25	-	1,512,031.25	0.6806365	1,029,143.71	
14	5/1/2019	1,490,000.00	6.250	1,512,031.25	-	3,002,031.25	0.6600069	1,981,361.34	
15	11/1/2019			1,465,468.75	-	1,465,468.75	0.6400025	937,903.72	
16	5/1/2020	1,590,000.00	6.250	1,465,468.75	-	3,055,468.75	0.6206045	1,896,237.64	
17	11/1/2020			1,415,781.25	-	1,415,781.25	0.6017944	852,009.22	
18	5/1/2021	1,690,000.00	6.250	1,415,781.25	-	3,105,781.25	0.5835544	1,812,392.36	
19	11/1/2021			1,362,968.75	-	1,362,968.75	0.5658673	771,259.41	
20	5/1/2022	1,800,000.00	6.250	1,362,968.75	-	3,162,968.75	0.5487162	1,735,572.26	
21	11/1/2022			1,306,718.75	-	1,306,718.75	0.5320850	695,285.45	
22	5/1/2023	1,915,000.00	6.250	1,306,718.75	-	3,221,718.75	0.5159579	1,662,271.14	
23	11/1/2023			1,246,875.00	-	1,246,875.00	0.5003195	623,835.92	
24	5/1/2024	2,040,000.00	6.250	1,246,875.00	-	3,286,875.00	0.4851552	1,594,644.46	
25	11/1/2024			1,183,125.00	-	1,183,125.00	0.4704505	556,601.71	
26	5/1/2025	2,170,000.00	6.250	1,183,125.00	-	3,353,125.00	0.4561914	1,529,666.89	
27	11/1/2025			1,115,312.50	-	1,115,312.50	0.4423646	493,374.74	
28	5/1/2026	2,310,000.00	6.250	1,115,312.50	-	3,425,312.50	0.4289568	1,469,311.11	
29	11/1/2026			1,043,125.00	-	1,043,125.00	0.4159554	433,893.49	
30	5/1/2027	2,460,000.00	6.250	1,043,125.00	-	3,503,125.00	0.4033481	1,412,978.78	
31	11/1/2027			966,250.00	-	966,250.00	0.3911229	377,922.48	
32	5/1/2028	2,620,000.00	6.250	966,250.00	-	3,586,250.00	0.3792682	1,360,150.63	
33	11/1/2028			884,375.00	-	884,375.00	0.3677729	325,249.11	
34	5/1/2029	2,790,000.00	6.250	884,375.00	-	3,674,375.00	0.3566259	1,310,377.31	
35	11/1/2029			797,187.50	-	797,187.50	0.3458168	275,680.84	
36	5/1/2030	2,970,000.00	6.250	797,187.50	-	3,767,187.50	0.3353353	1,263,271.11	
37	11/1/2030			704,375.00	-	704,375.00	0.3251716	229,042.71	
38	5/1/2031	3,160,000.00	6.250	704,375.00	-	3,864,375.00	0.3153158	1,218,498.59	
39	11/1/2031			605,625.00	-	605,625.00	0.3057588	185,175.18	
40	5/1/2032	3,365,000.00	6.250	605,625.00	-	3,970,625.00	0.2964915	1,177,256.46	
41	11/1/2032			500,468.75	-	500,468.75	0.2875050	143,887.28	

T.I.C. Verification Report (Regular)
57,560,000.00

Dated:	8/1/2012
Delivered:	8/1/2012

Period	Coupon Date	Principal Payment	Coupon Rate	Interest Payment	Credit Enhancements	Periodic Debt Service	Present Value Factor	Discounted Debt Service	
42	5/1/2033	3,580,000.00	6.250	500,468.75	-	4,080,468.75	0.2787909	1,137,597.70	
43	11/1/2033			388,593.75	-	388,593.75	0.2703410	105,052.81	
44	5/1/2034	3,810,000.00	6.250	388,593.75	-	4,198,593.75	0.2621471	1,100,649.26	
45	11/1/2034			269,531.25	-	269,531.25	0.2542016	68,515.28	
46	5/1/2035	4,055,000.00	6.250	269,531.25	-	4,324,531.25	0.2464969	1,065,983.72	
47	11/1/2035			142,812.50	-	142,812.50	0.2390258	34,135.87	
48	5/1/2036	4,570,000.00	6.250	142,812.50	-	4,712,812.50	0.2317811	1,092,340.75	
		57,560,000.00		52,792,812.51	0.00	110,352,812.51		57,559,999.98	
True Interest Cost (TIC) . . . . . . . . . . . . . . . . . . . . .	6.2513383		Face value of bond Issue. . . . . . . . . . . . . . . .	$57,560,000.00	
Net Interest Cost (NIC). . . . . . . . . . . . . . . . . . . . . .	6.2500000		Accrued interest (+) . . . . . . . . . . . . . . . . . . .		
Arbitrage Yield Limit (AYL) . . . . . . . . . . . . . . . . . .	6.2513383		Original issue premium/discount (+) . . . . . .	$0.00	

Arbitrage Net Interest Cost (ANIC) . . . . . . . . . . . .

6.2500000

Underwriter discount (+) . . . . . . . . . . . . . . .
Lump-sum credit enhancements (-) . . . . . . . Other TIC costs (-) . . . . . . . . . . . . . . . . . . . .

$0.00
$0.00

Bond surety fee (-) . . . . . . . . . . . . . . . . . . . .	N/A
= TIC Target	$57,560,000.00

Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ 57,560,000.00

Delivered:	08/01/2012

Calc Date	Grp
ID	
Purp	Fund ID	
Description	Gross Amount	Pool Percentage	Nonpurpose Investment	Purpose Expenditures	Unspent Proceeds	
08/01/2012	-1	N	COI	Beg. Arbitrage Gross Proceeds		100.0000000			57,560,000.00	

08/21/2012	
0	
Y		
Remed Exp	
-759,574.00	
100.0000000		
-759,574.00	
58,319,574.00	
08/21/2012	0	Y		COI	15,000.00	100.0000000		15,000.00	58,304,574.00	
08/21/2012	0	Y		Bond Trifurcation	44,715,452.00	100.0000000		44,715,452.00	13,589,122.00	
08/22/2012	0	Y		COI	35,000.00	100.0000000		35,000.00	13,554,122.00	

08/27/2012	
0	
Y		
COI	
62,291.00	
100.0000000		
62,291.00	
13,491,831.00	
08/28/2012	0	Y		COI	37,025.00	100.0000000		37,025.00	13,454,806.00	

10/04/2012	
0	
Y		
Reserve 2004-1	
-5.00	
100.0000000		
-5.00	
13,454,811.00	

11/19/2012	
0	
Y		
Remed Exp	
1,733.00	
100.0000000		
1,733.00	
13,453,078.00	
11/21/2012	0	Y		Remed Exp	6,294.00	100.0000000		6,294.00	13,446,784.00	
11/21/2012	0	Y		COI	10,000.00	100.0000000		10,000.00	13,436,784.00	

12/14/2012	
0	
Y		
COI	
25,534.00	
100.0000000		
25,534.00	
13,411,250.00	

12/19/2012	
0	
Y		
Remed Exp	
13,061.00	
100.0000000		
13,061.00	
13,398,189.00	

01/15/2013	
0	
Y		
COI	
6,338.00	
100.0000000		
6,338.00	
13,391,851.00	

04/10/2013	
0	
Y		
Remed Exp	
27,474.00	
100.0000000		
27,474.00	
13,364,377.00	

05/07/2013	
0	
Y		
Remed Exp	
134,729.00	
100.0000000		
134,729.00	
13,229,648.00	

06/18/2013	
0	
Y		
Remed Exp	
11,881.00	
100.0000000		
11,881.00	
13,217,767.00	

06/26/2013	
0	
Y		
Remed Exp	
6,453.00	
100.0000000		
6,453.00	
13,211,314.00	

07/23/2013	
0	
Y		
Remed Exp	
655.00	
100.0000000		
655.00	
13,210,659.00	
07/25/2013	0	Y		Remed Exp	-16,544.00	100.0000000		-16,544.00	13,227,203.00	

08/19/2013	
0	
Y		
Remed Exp	
3,395.00	
100.0000000		
3,395.00	
13,223,808.00	

10/15/2013	
0	
Y		
Remed Exp	
-58,570.00	
100.0000000		
-58,570.00	
13,282,378.00	

10/28/2013	
0	
Y		
Remed Exp	
55,483.00	
100.0000000		
55,483.00	
13,226,895.00	
11/01/2013	0	Y		Reserve 2004-1	1,071.00	100.0000000		1,071.00	13,225,824.00	

11/06/2013	
0	
Y		
Remed Exp	
20,150.00	
100.0000000		
20,150.00	
13,205,674.00	

11/19/2013	
0	
Y		
Remed Exp	
22,276.00	
100.0000000		
22,276.00	
13,183,398.00	

12/09/2013	
0	
Y		
Remed Exp	
120.00	
100.0000000		
120.00	
13,183,278.00	

12/19/2013	
0	
Y		
Remed Exp	
7,547.00	
100.0000000		
7,547.00	
13,175,731.00	

Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ 57,560,000.00

Delivered:	08/01/2012

Calc Date	Grp
ID	
Purp	Fund ID	
Description	Gross Amount	Pool Percentage	Nonpurpose Investment	Purpose Expenditures	Unspent Proceeds	

12/26/2013	

0	

Y		

Remed Exp	

15,925.00	

100.0000000		

15,925.00	

13,159,806.00	

01/31/2014	
0	
Y		
Remed Exp	
-2,600.00	
100.0000000		
-2,600.00	
13,162,406.00	

04/25/2014	
0	
Y		
Remed Exp	
9,425.00	
100.0000000		
9,425.00	
13,152,981.00	

05/01/2014	
0	
Y		
Reserve 2004-1	
51.00	
100.0000000		
51.00	
13,152,930.00	

05/21/2014	
0	
Y		
Remed Exp	
35,636.00	
100.0000000		
35,636.00	
13,117,294.00	
05/21/2014	0	Y		COI	3,943.00	100.0000000		3,943.00	13,113,351.00	

08/14/2014	
2015	
Y		
Remed Exp	
22,137.00	
100.0000000		
22,137.00	
13,091,214.00	

08/20/2014	
2015	
Y		
Remed Exp	
3,092.00	
100.0000000		
3,092.00	
13,088,122.00	
08/22/2014	2015	Y		Remed Exp	9,890.00	100.0000000		9,890.00	13,078,232.00	

11/03/2014	
2015	
Y		
Reserve 2004-1	
75.00	
100.0000000		
75.00	
13,078,157.00	

11/20/2014	
2015	
Y		
Remed Exp	
31,833.00	
100.0000000		
31,833.00	
13,046,324.00	

12/15/2014	
2015	
Y		
Remed Exp	
19,589.00	
100.0000000		
19,589.00	
13,026,735.00	

12/26/2014	
2015	
Y		
Remed Exp	
-4,754.00	
100.0000000		
-4,754.00	
13,031,489.00	

02/18/2015	
2015	
Y		
Remed Exp	
14,250.00	
100.0000000		
14,250.00	
13,017,239.00	

04/14/2015	
2015	
Y		
Remed Exp	
4,685.00	
100.0000000		
4,685.00	
13,012,554.00	

05/01/2015	
2015	
Y		
Reserve 2004-1	
68.00	
100.0000000		
68.00	
13,012,486.00	

05/19/2015	
2015	
Y		
Construction	
4,695,000.00	
100.0000000		
4,695,000.00	
8,317,486.00	
05/21/2015	2015	Y		Remed Exp	1,377.00	100.0000000		1,377.00	8,316,109.00	

06/03/2015	
2015	
Y		
Remed Exp	
9,405.00	
100.0000000		
9,405.00	
8,306,704.00	

06/16/2015	
2015	
Y		
Remed Exp	
9,500.00	
100.0000000		
9,500.00	
8,297,204.00	

06/26/2015	
2015	
Y		
Construction	
7,278,391.00	
100.0000000		
7,278,391.00	
1,018,813.00	

08/06/2015	
2016	
Y		
Remed Exp	
-31.00	
100.0000000		
-31.00	
1,018,844.00	

08/14/2015	
2016	
Y		
Remed Exp	
55,854.00	
100.0000000		
55,854.00	
962,990.00	

10/16/2015	
2016	
Y		
Remed Exp	
17,493.00	
100.0000000		
17,493.00	
945,497.00	

03/21/2016	
2016	
Y		
Remed Exp	
10,000.00	
100.0000000		
10,000.00	
935,497.00	

Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ 57,560,000.00

Delivered:	08/01/2012

Calc Date	Grp
ID	
Purp	Fund ID	
Description	Gross Amount	Pool Percentage	Nonpurpose Investment	Purpose Expenditures	Unspent Proceeds	
03/24/2016	2016	Y		Remed Exp	14,380.00	100.0000000		14,380.00	921,117.00	
03/24/2016	2016	Y		Remed Exp	236,920.00	100.0000000		236,920.00	684,197.00	

05/02/2016	
2016	
Y		
Reserve	
11,022.00	
100.0000000		
11,022.00	
673,175.00	
05/05/2016	2016	Y		Remed Exp	-7.00	100.0000000		-7.00	673,182.00	

06/17/2016	
2016	
Y		
Remed Exp	
13,569.00	
100.0000000		
13,569.00	
659,613.00	

05/01/2018	
2018	
Y		
Reserve	
6,253.00	
100.0000000		
6,253.00	
653,360.00	
05/02/2018	2018	Y		Reserve	718.00	100.0000000		718.00	652,642.00	

06/04/2018	
2018	
Y		
Reserve	
775.00	
100.0000000		
775.00	
651,867.00	

07/03/2018	
2018	
Y		
Reserve	
805.00	
100.0000000		
805.00	
651,062.00	

08/02/2018	
2019	
Y		
Reserve	
878.00	
100.0000000		
878.00	
650,184.00	

09/05/2018	
2019	
Y		
Reserve	
887.00	
100.0000000		
887.00	
649,297.00	

10/02/2018	
2019	
Y		
Reserve	
893.00	
100.0000000		
893.00	
648,404.00	

11/02/2018	
2019	
Y		
Reserve	
1,012.00	
100.0000000		
1,012.00	
647,392.00	

12/04/2018	
2019	
Y		
Reserve	
1,011.00	
100.0000000		
1,011.00	
646,381.00	

01/03/2019	
2019	
Y		
Reserve	
1,092.00	
100.0000000		
1,092.00	
645,289.00	

02/04/2019	
2019	
Y		
Reserve	
1,151.00	
100.0000000		
1,151.00	
644,138.00	

03/04/2019	
2019	
Y		
Reserve	
1,044.00	
100.0000000		
1,044.00	
643,094.00	

04/02/2019	
2019	
Y		
Reserve	
1,163.00	
100.0000000		
1,163.00	
641,931.00	

05/02/2019	
2019	
Y		
Reserve	
1,132.00	
100.0000000		
1,132.00	
640,799.00	

06/04/2019	
2019	
Y		
Reserve	
1,160.00	
100.0000000		
1,160.00	
639,639.00	

07/02/2019	
2019	
Y		
Reserve	
1,122.00	
100.0000000		
1,122.00	
638,517.00	

08/01/2019	
2020	
Y		
Reserve	
1,142.00	
100.0000000		
1,142.00	
637,375.00	

09/01/2019	
2020	
Y		
Reserve	
1,131.00	
100.0000000		
1,131.00	
636,244.00	

10/01/2019	
2020	
Y		
Reserve	
997.00	
100.0000000		
997.00	
635,247.00	

11/01/2019	
2020	
Y		
Reserve	
1,012.00	
100.0000000		
1,012.00	
634,235.00	

Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ 57,560,000.00

Delivered:	08/01/2012

Calc Date	Grp
ID	
Purp	Fund ID	
Description	Gross Amount	Pool Percentage	Nonpurpose Investment	Purpose Expenditures	Unspent Proceeds	
12/01/2019	2020	Y		Reserve	852.00	100.0000000		852.00	633,383.00	

01/01/2020	
2020	
Y		
Reserve	
754.00	
100.0000000		
754.00	
632,629.00	

02/01/2020	
2020	
Y		
Reserve	
719.00	
100.0000000		
719.00	
631,910.00	

03/01/2020	
2020	
Y		
Reserve	
653.00	
100.0000000		
653.00	
631,257.00	

04/01/2020	
2020	
Y		
Reserve	
692.00	
100.0000000		
692.00	
630,565.00	

05/01/2020	
2020	
Y		
Reserve	
389.00	
100.0000000		
389.00	
630,176.00	

06/01/2020	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
630,170.00	

07/01/2020	
2020	
Y		
Reserve	
5.00	
100.0000000		
5.00	
630,165.00	

08/01/2020	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
630,159.00	

09/01/2020	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
630,153.00	

10/01/2020	
2020	
Y		
Reserve	
5.00	
100.0000000		
5.00	
630,148.00	

11/01/2020	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
630,142.00	

11/24/2020	
2020	
Y		
Reserve	
3,771.00	
100.0000000		
3,771.00	
626,371.00	

12/01/2020	
2020	
Y		
Reserve	
5.00	
100.0000000		
5.00	
626,366.00	

01/01/2021	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
626,360.00	

02/01/2021	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
626,354.00	

03/01/2021	
2020	
Y		
Reserve	
5.00	
100.0000000		
5.00	
626,349.00	

04/01/2021	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
626,343.00	

05/01/2021	
2020	
Y		
Reserve	
5.00	
100.0000000		
5.00	
626,338.00	

06/01/2021	
2020	
Y		
Reserve	
6.00	
100.0000000		
6.00	
626,332.00	

07/01/2021	
2020	
Y		
Reserve	
5.00	
100.0000000		
5.00	
626,327.00	

08/01/2021	
2021	
Y		
Reserve	
6.00	
100.0000000		
6.00	
626,321.00	

09/01/2021	
2021	
Y		
Reserve	
6.00	
100.0000000		
6.00	
626,315.00	

10/01/2021	
2021	
Y		
Reserve	
5.00	
100.0000000		
5.00	
626,310.00	

Special Assessment Bonds, Series 2004 -Trifurcated Unspent Proceeds Report
$ 57,560,000.00

Delivered:	08/01/2012

	Calc Date	Grp
ID	
Purp	Fund ID	
Description	Gross Amount	Pool Percentage	Nonpurpose Investment	Purpose Expenditures	Unspent Proceeds	
	11/01/2021	2021	Y		Reserve	6.00	100.0000000		6.00	626,304.00	
	12/01/2021	2021	Y		Reserve	5.00	100.0000000		5.00	626,299.00	
	12/03/2021	2021	Y		Reserve	7.00	100.0000000		7.00	626,292.00	
	01/01/2022	2021	Y		Reserve	6.00	100.0000000		6.00	626,286.00	
	02/01/2022	2021	Y		Reserve	6.00	100.0000000		
6.00	
626,280.00	
	02/15/2022	2021	Y		Reserve	665,236.00	100.0000000		665,236.00	-38,956.00	
	03/01/2022	2021	Y		Reserve	3.00	100.0000000		
3.00	
-38,959.00	
						57,598,959.00		0.00	57,598,959.00		

First Investment Date. . . . . . . . . . . . . . . . . . . . . . . . .	8/21/2012	
Calculation Date . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3/31/2022	
Arbitrage Yield Limit (AYL). . . . . . . . . . . . . . . . . . . .	6.2513383	
Internal Rate of Return (IRR). . . . . . . . . . . . . . . . . .	0.0863943	

Special Assessment Bonds, Series 2004 -Trifurcated
I.R.R. Report Via Purpose Expenditures
$ 57,560,000.00

Delivered:

08/01/2012

Grp ID	Trans Date	Fund ID	
Description	Day Count Factor	Calculation Amt (Interest Earnings)	Pool Pctg	** Internal PV Factor	Rate of Return **
PV Amt		
-1	08/01/2012		Beg. Arbitrage Gross Proceeds	0.0000000	(57,560,000.00)	100.000	1.0000000	(57,560,000.00)		
0	08/21/2012		Bond Trifurcation	0.1111111	44,715,452.00	100.000	0.9999520	44,713,306.32		
	08/21/2012		COI	0.1111111	15,000.00	100.000	0.9999520	14,999.28		
	08/21/2012		Remed Exp	0.1111111	(759,574.00)	100.000	0.9999520	(759,537.55)		
	08/22/2012		COI	0.1166667	35,000.00	100.000	0.9999496	34,998.24		
	08/27/2012		COI	0.1444444	62,291.00	100.000	0.9999376	62,287.11		
	08/28/2012		COI	0.1500000	37,025.00	100.000	0.9999352	37,022.60		
	10/04/2012		Reserve 2004-1	0.3500000	(5.00)	100.000	0.9998489	(5.00)		
	11/19/2012		Remed Exp	0.6000000	1,733.00	100.000	0.9997409	1,732.55		
	11/21/2012		Remed Exp	0.6111111	6,294.00	100.000	0.9997361	6,292.34		
	11/21/2012		COI	0.6111111	10,000.00	100.000	0.9997361	9,997.36		
	12/14/2012		COI	0.7388889	25,534.00	100.000	0.9996809	25,525.85		
	12/19/2012		Remed Exp	0.7666667	13,061.00	100.000	0.9996689	13,056.68		
	01/15/2013		COI	0.9111111	6,338.00	100.000	0.9996066	6,335.51		
	04/10/2013		Remed Exp	1.3833333	27,474.00	100.000	0.9994027	27,457.59		
	05/07/2013		Remed Exp	1.5333333	134,729.00	100.000	0.9993380	134,639.81		
	06/18/2013		Remed Exp	1.7611111	11,881.00	100.000	0.9992397	11,871.97		
	06/26/2013		Remed Exp	1.8055556	6,453.00	100.000	0.9992205	6,447.97		
	07/23/2013		Remed Exp	1.9555556	655.00	100.000	0.9991558	654.45		
	07/25/2013		Remed Exp	1.9666667	(16,544.00)	100.000	0.9991510	(16,529.95)		
	08/19/2013		Remed Exp	2.1000000	3,395.00	100.000	0.9990935	3,391.92		
	10/15/2013		Remed Exp	2.4111111	(58,570.00)	100.000	0.9989592	(58,509.04)		
	10/28/2013		Remed Exp	2.4833333	55,483.00	100.000	0.9989281	55,423.53		
	11/01/2013		Reserve 2004-1	2.5000000	1,071.00	100.000	0.9989209	1,069.84		
	11/06/2013		Remed Exp	2.5277778	20,150.00	100.000	0.9989089	20,128.01		
	11/19/2013		Remed Exp	2.6000000	22,276.00	100.000	0.9988777	22,251.00		
	12/09/2013		Remed Exp	2.7111111	120.00	100.000	0.9988298	119.86		
	12/19/2013		Remed Exp	2.7666667	7,547.00	100.000	0.9988059	7,537.99		
	12/26/2013		Remed Exp	2.8055556	15,925.00	100.000	0.9987891	15,905.72		
	01/31/2014		Remed Exp	3.0000000	(2,600.00)	100.000	0.9987052	(2,596.63)		
	04/25/2014		Remed Exp	3.4666667	9,425.00	100.000	0.9985039	9,410.90		
	05/01/2014		Reserve 2004-1	3.5000000	51.00	100.000	0.9984896	50.92		
	05/21/2014		COI	3.6111111	3,943.00	100.000	0.9984417	3,936.86		
	05/21/2014		Remed Exp	3.6111111	35,636.00	100.000	0.9984417	35,580.47		
2015	08/14/2014		Remed Exp	4.0722222	22,137.00	100.000	0.9982428	22,098.10		
	08/20/2014		Remed Exp	4.1055556	3,092.00	100.000	0.9982285	3,086.52		
	08/22/2014		Remed Exp	4.1166667	9,890.00	100.000	0.9982237	9,872.43		
	11/03/2014		Reserve 2004-1	4.5111111	75.00	100.000	0.9980536	74.85		
	11/20/2014		Remed Exp	4.6055556	31,833.00	100.000	0.9980129	31,769.75		
	12/15/2014		Remed Exp	4.7444444	19,589.00	100.000	0.9979531	19,548.90		
	12/26/2014		Remed Exp	4.8055556	(4,754.00)	100.000	0.9979267	(4,744.14)		
	02/18/2015		Remed Exp	5.0944444	14,250.00	100.000	0.9978022	14,218.68		
	04/14/2015		Remed Exp	5.4055556	4,685.00	100.000	0.9976682	4,674.08		
	05/01/2015		Reserve 2004-1	5.5000000	68.00	100.000	0.9976275	67.84		
	05/19/2015		Construction	5.6000000	4,695,000.00	100.000	0.9975844	4,683,658.78		
	05/21/2015		Remed Exp	5.6111111	1,377.00	100.000	0.9975796	1,373.67		
	06/03/2015		Remed Exp	5.6777778	9,405.00	100.000	0.9975509	9,381.97		
	06/16/2015		Remed Exp	5.7500000	9,500.00	100.000	0.9975198	9,476.44		
	06/26/2015		Construction	5.8055556	7,278,391.00	100.000	0.9974958	7,260,164.81		
2016	08/06/2015		Remed Exp	6.0277778	(31.00)	100.000	0.9974001	(30.92)		
	08/14/2015		Remed Exp	6.0722222	55,854.00	100.000	0.9973810	55,707.72		

Special Assessment Bonds, Series 2004 -Trifurcated
I.R.R. Report Via Purpose Expenditures
$ 57,560,000.00

Delivered:

08/01/2012

Grp ID	Trans Date	Fund ID	
Description	Day Count Factor	Calculation Amt (Interest Earnings)	Pool Pctg	** Internal Rate PV Factor	of Return ** PV Amt		
2016	10/16/2015		Remed Exp	6.4166667	17,493.00	100.000	0.9972326	17,444.59		
	03/21/2016		Remed Exp	7.2777778	10,000.00	100.000	0.9968618	9,968.62		
	03/24/2016		Remed Exp	7.2944444	14,380.00	100.000	0.9968546	14,334.77		
	03/24/2016		Remed Exp	7.2944444	236,920.00	100.000	0.9968546	236,174.80		
	05/02/2016		Reserve	7.5055556	11,022.00	100.000	0.9967638	10,986.33		
	05/05/2016		Remed Exp	7.5222222	(7.00)	100.000	0.9967566	(6.98)		
	06/17/2016		Remed Exp	7.7555556	13,569.00	100.000	0.9966561	13,523.63		
2018	05/01/2018		Reserve	11.5000000	6,253.00	100.000	0.9950457	6,222.02		
	05/02/2018		Reserve	11.5055556	718.00	100.000	0.9950433	714.44		
	06/04/2018		Reserve	11.6833333	775.00	100.000	0.9949669	771.10		
	07/03/2018		Reserve	11.8444444	805.00	100.000	0.9948977	800.89		
2019	08/02/2018		Reserve	12.0055556	878.00	100.000	0.9948285	873.46		
	09/05/2018		Reserve	12.1888889	887.00	100.000	0.9947497	882.34		
	10/02/2018		Reserve	12.3388889	893.00	100.000	0.9946853	888.25		
	11/02/2018		Reserve	12.5055556	1,012.00	100.000	0.9946137	1,006.55		
	12/04/2018		Reserve	12.6833333	1,011.00	100.000	0.9945373	1,005.48		
	01/03/2019		Reserve	12.8444444	1,092.00	100.000	0.9944681	1,085.96		
	02/04/2019		Reserve	13.0166667	1,151.00	100.000	0.9943942	1,144.55		
	03/04/2019		Reserve	13.1833333	1,044.00	100.000	0.9943226	1,038.07		
	04/02/2019		Reserve	13.3388889	1,163.00	100.000	0.9942558	1,156.32		
	05/02/2019		Reserve	13.5055556	1,132.00	100.000	0.9941842	1,125.42		
	06/04/2019		Reserve	13.6833333	1,160.00	100.000	0.9941079	1,153.17		
	07/02/2019		Reserve	13.8388889	1,122.00	100.000	0.9940411	1,115.31		
2020	08/01/2019		Reserve	14.0000000	1,142.00	100.000	0.9939719	1,135.12		
	09/01/2019		Reserve	14.1666667	1,131.00	100.000	0.9939004	1,124.10		
	10/01/2019		Reserve	14.3333333	997.00	100.000	0.9938289	990.85		
	11/01/2019		Reserve	14.5000000	1,012.00	100.000	0.9937573	1,005.68		
	12/01/2019		Reserve	14.6666667	852.00	100.000	0.9936858	846.62		
	01/01/2020		Reserve	14.8333333	754.00	100.000	0.9936143	749.19		
	02/01/2020		Reserve	15.0000000	719.00	100.000	0.9935428	714.36		
	03/01/2020		Reserve	15.1666667	653.00	100.000	0.9934713	648.74		
	04/01/2020		Reserve	15.3333333	692.00	100.000	0.9933997	687.43		
	05/01/2020		Reserve	15.5000000	389.00	100.000	0.9933282	386.40		
	06/01/2020		Reserve	15.6666667	6.00	100.000	0.9932567	5.96		
	07/01/2020		Reserve	15.8333333	5.00	100.000	0.9931853	4.97		
	08/01/2020		Reserve	16.0000000	6.00	100.000	0.9931138	5.96		
	09/01/2020		Reserve	16.1666667	6.00	100.000	0.9930423	5.96		
	10/01/2020		Reserve	16.3333333	5.00	100.000	0.9929708	4.96		
	11/01/2020		Reserve	16.5000000	6.00	100.000	0.9928993	5.96		
	11/24/2020		Reserve	16.6277778	3,771.00	100.000	0.9928446	3,744.02		
	12/01/2020		Reserve	16.6666667	5.00	100.000	0.9928279	4.96		
	01/01/2021		Reserve	16.8333333	6.00	100.000	0.9927564	5.96		
	02/01/2021		Reserve	17.0000000	6.00	100.000	0.9926850	5.96		
	03/01/2021		Reserve	17.1666667	5.00	100.000	0.9926135	4.96		
	04/01/2021		Reserve	17.3333333	6.00	100.000	0.9925421	5.96		
	05/01/2021		Reserve	17.5000000	5.00	100.000	0.9924706	4.96		
	06/01/2021		Reserve	17.6666667	6.00	100.000	0.9923992	5.95		
	07/01/2021		Reserve	17.8333333	5.00	100.000	0.9923278	4.96		
2021	08/01/2021		Reserve	18.0000000	6.00	100.000	0.9922563	5.95		
	09/01/2021		Reserve	18.1666667	6.00	100.000	0.9921849	5.95		
	10/01/2021		Reserve	18.3333333	5.00	100.000	0.9921135	4.96		

Special Assessment Bonds, Series 2004 -Trifurcated
I.R.R. Report Via Purpose Expenditures
$ 57,560,000.00

Delivered:

08/01/2012

Grp ID	Trans Date	Fund ID	
Description	Day Count Factor	Calculation Amt (Interest Earnings)	Pool Pctg	** Internal Rate PV Factor	of Return ** PV Amt		
2021	11/01/2021		Reserve	18.5000000	6.00	100.000	0.9920421	5.95			
	12/01/2021		Reserve	18.6666667	5.00	100.000	0.9919707	4.96			
	12/03/2021		Reserve	18.6777778	7.00	100.000	0.9919659	6.94			
	01/01/2022		Reserve	18.8333333	6.00	100.000	0.9918993	5.95			
	02/01/2022		Reserve	19.0000000	6.00	100.000	0.9918279	5.95			
	02/15/2022		Reserve	19.0777778	665,236.00	100.000	0.9917946	659,777.46			
	03/01/2022		Reserve	19.1666667	3.00	100.000	0.9917565	2.98			
	12/02/2022		Reserve	20.6722222	(7.00)	100.000	0.9911119	(6.94)			
					38,952.00			(6.93)			

Arbitrage Yield Limit . . . . . . . . . . . . . . . .
Internal Rate of Return . . . . . . . . . . . . . .
Calculation Standard . . . . . . . . . . . . . . . .

6.2513383
0.0863943
MSRB 30/360 SEMI 4/3

!!"#$%& "

October 14, 2022

Reunion West Community Development District
219 East Livingston Street, Orlando, FL 32801 Phone: 407-841-5524 - Fax: 407-839-1526
ReunionWestCDD.com

***CDD Landowners’ Election November 10***

All Reunion West Community Development District property owners should please be aware a Landowners’ Meeting and Election is planned November 10. The purpose of the meeting is to elect a Board Member to serve on the Reunion West Community Development District Board of Supervisors. Board Supervisors must be Florida residents and U.S. citizens. At the landowners’ meeting the landowners select a person to serve as the meeting chair and who conducts the meeting -- usually the District Manager. There is one seat that will be considered, Seat #4. The person elected to the Board of Supervisors will serve a four-year term. Board Supervisors are subject to state ethics and finance disclosure laws. Following the landowners’ election there will be a meeting of the Board of Supervisors for consideration of certain matters including the election of District officers and other Board business.
What:	Reunion West Community Development District Landowners’ Meeting & Election
Date:	November 10, 2022
Time:	11:00 AM
Location:	Heritage Crossing Community Center 7715 Heritage Crossings Way Reunion, FL 34747
Each landowner may vote in person or by written proxy. Proxy forms and instructions may be obtained upon request at the office of the District Manager, Governmental Management Services located at 219 East Livingston Street, Orlando, Florida 32801, Telephone: (407) 481-5524 extension 138 or by electronic mail to tadams@gmscfl.com. During the Landowners’ Election each landowner (or his or her proxy present at the meeting) can nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for a person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote. For most resident owners at Reunion West Community Development District, this means that property owners who own one lot will be able to cast one vote for the position available on the Board.
The landowners’ meeting and the Board meeting are open to the public and conducted in accordance with Florida law. A copy of the meeting agenda may be obtained from the District Manager’s Office or on the District website at ReunionWestCDD.com. There may be an occasion where one or more supervisors will participate by telephone or via other electronic means such as Zoom video conferencing in accordance with State of Florida guidelines. Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing.
Sincerely,

Tricia L. Adams District Manager
Governmental Management Services – Central Florida, LLC