ChampionsGate Community Development District

Agenda April 8, 2019

A	GENDA

ChampionsGate
Community Development District

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

April 1, 2019

Board of Supervisors ChampionsGate Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the ChampionsGate Community Development District will be held Monday, April 8, 2019 at 2:()0 p.m. at the Offices of Rida Associates, 8390 ChampionsGate Blvd., Suite 104, ChampionsGate, Florida. Following is the  advance agenda for the regular meeting:

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation of John Lambert
Review of Letter(s) of Interest
Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2020
Administration of Oath of Office to Newly Appointed Board Member
Election of Officers
Consideration of Resolution 2019-06 Electing Officers
Approval of Minutes of the February 12, 2019 Meeting
Irrigation System Repair Plan
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
111.	Presentation of Arbitrage Rebate Calculation Report
Other Business
Supervisor's Requests
Adjournment

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

The third order of business is Organizational Matters. Section A is the acceptance of resignation of John Lambert. A copy of the resignation letter is enclosed for your review. Section Bis the review of the letter(s) of interest for the vacant seat. The letter is enclosed for your review. Section C is the appointment of an individual to fulfill the Board vacancy and Section D is the

administration of the Oath of Office to the newly appointed Board member. Section E is the election of officers and Section Fis the consideration of Resolution 2019-06 electing officers. A copy of the Resolution is enclosed for your review.

The fourth order of business is the approval of the minutes of the February 12, 2019 meeting. The minutes are enclosed for your review.

The fifth order of business is a presentation on the plan to repair the irrigation system. Representatives from Weber Landscape will be present at the meeting to provide a plan  of action for review.

The sixth order of business is Staff Reports. Section C is the District Manager's Report.  Section 1 includes the check _register being submitted for approval and Section 2 includes the balance sheet and income statement for your review. Section 3 is the presentation of the Series 1998A & 1998B arbitrage rebate calculation report. A copy of the report is enclosed for your review.

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

r-	\

Sincerely,

George S. Flint District Manager

Cc:	Scott Clark, District Counsel
Mark Vincuntonis, District Engineer Yvonne Shouey, On-Site Manager Marc Reicher, Rida Associates Teresa Viscarra, GMS
Darrin Mossing, GMS Enclosures

S ECTION Ill

S ECTION A

From : Stacie Vanderbilt svanderbilt @gm scfl.com
Subject: Fwd: Resignation
Date: March 1, 2019 at 3:41 PM
To:

On Mar 1, 2019, at 7:30 AM, John Lambert <john.lambert013@gmail.com> wrote: Good morning George,
Please accept this email as my notice of resignation from the ChampionsGate CDD.

It has been a pleasure working with you during my tenure on the Board and I wish you and the CDD much success. Please advise what else may be required of me to complete my resignati on.

Regards, John Lambert

Sent from my iPhone
"Please excuse any spelling or grammar issues"

S ECTION 8

Elizabeth Allen

Phone    (603) 714-4015

Email: liztedallen@gmail.com

PROFESSIONAl PROHlE

1463 El Conte Drive Champions Gate, FL 33896

As a retired life-long educator I consider myself a creative, enthusiastic life-long learner with a commitment to serve my community through a leadership role. Currently I serve as the Vice President and Treasurer for the Veranda HOA, during this critical time of community turnover.  In addition, I  also serve as a member on various other community  committees. I offer a set of diverse skills related to systemic, creative thinking; problem solving; workshop design; development of community partnerships; analysis of data; and budget development. As a team member, I work collaboratively to ensure that we are successful in accomplishing our goals.

SUMMARY OF QUAllFICATIONS

Highly developed leadership, problem solving, customer service, and decision-making skills
Ability to design and implement curriculum, revise and refine as needed
Collaborates with others to create a "systems" approach vs. "silo" approach
A proven leader who is committed to interacting on a personal level with all constituent groups
Excellent interpersonal skills; ability to communicate effectively and build collaborative teams; excellent writing and presentation skills
Skilled negotiator, ability to listen and fully understand all aspects of a dilemma
Ability to work well under pressure and work on multiple projects simultaneously
Capable of working effectively in a variety of arenas requiring creative, innovative thinking
Committed to the development of both individuals and teams to meet the needs of the organization and to expand the capacity of others
Empowers the work group and holds staff accountable for performance and professionalism; provides feedback to help others grow
Translates organizational goals into meaningful plans
Improves quality and performance by agreed upon measures
Continually measures process effectiveness to provide data and information for growth
Continuously learns and adapts areas ofresponsibility to emerging trends
Ability to facilitate organizational change
Experience and expertise with all phases of budget development
Manages budget to predefined ratios and effectively controls expenditures

PROFESSIONAl EXPERIENCE

2008- 2014

2000-2008

Principal, Hollis District, Hollis, NH Hollis Primary/Elementary School

Responsible for all facets ofleadership and school operations including: curriculum development; observation and evaluation of a staff of 80; implementation of a Professional Learning Community; development of master schedule; development and oversight of RTI process; analyses of all data points related to student achievement; student placement; oversight of special education; all areas of the  budget process; hiring and development of all staff; focus, design, and delivery of professional development; development of core curriculum maps; advancement of technology via purchase of smart boards, mobile labs, ipads for students, e-readers for library, laptops for all professionals; and plant maintenance and operations.

Assistant Principal, Nashua School District, Nashua, NH
Main Dunstable Elementary School and Bicentennial Elementary School

Assisted principal in all administrative duties in a K-5/6 building; development of school-business partnerships; actively involved in the professional development of all staff members through

observations and evaluations of all professional and support staff; shared best instructional practices; participated in elementary school budget process; participated in interview and hiring process for all school personnel; responsible for all student discipline; facilitated general special education team and two district-wide special education programs for autistic students; district and school leader for gifted and talented program; active participant in both building level and district-wide committees; led building team in use of data for instructional decisions

1999-2000

1994-2000

Administrative Internship, Bedford School District, Bedford, NH
Assisted principal in administrative duties, development ofnew school-business partnerships to benefit both community and students, observed and made recommendations to teachers related to professional practices, assisted in the design of shared decision-making model, established "School, Business, Community Council", developed handbook for prospective teacher interns, assisted Superintendent in design of differentiated supervision and evaluation model

Technology Coordinator, Bedford School District, Bedford, NH
Worked collaboratively with classroom teachers to develop and implement the integration of technology across all grade levels and curricular areas, developed curriculum units and provided model teaching in classrooms with grade level teachers, managed local area network and maintained servers, developed budget and made purchasing decisions, provided "Summer Technology Institutes" for administrators, teachers, and staff; and provided technology workshops for all district staff throughout the school year

EDUCATION

Certificate of Advanced Graduate Study Principal/Administrator K-12
Rivier University, Nashua, NH

Master's degree - Business Administration Concentration: Business Management State University ofNY - Oswego

Bachelor of Science - Business/Education State University ofNY -Albany

AWARDS RECEIVED

2013
1999
1991
1989

National Blue Ribbon School Award for Hollis Primary School Distinguished Teacher Award - Bedford School District Outstanding Business Teacher of the Year - NY State
Who's Who in American Education

S ECTION F

RESOLUTION 2019-06

A RESOLUTION ELECTING OFFICERS OF THE CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT

WHEREAS, the Board of Supervisors of the ChampionsGate Community Development District at a regular business meeting held on April 8, 2019 desires to elect the below recited persons to the offices specified.

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

1. The following persons were elected to the offices shown, to wit:

Chairman
Vice Chairman Treasurer
Assistant Treasurer Secretary
Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary

PASSED AND ADOPTED THIS 8th DAY OF APRIL, 2018.

Chairman / Vice Chairman

Secretary/ Assistant Secretary

M INUTES

MINUTES OF MEETING CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the ChampionsGate Community Development District was held Tuesday, February 12, 2019 at 2:00 p.m. at the offices of RIDA Development, 8390 ChampionsGate Boulevard, Suite 104, ChampionsGate, Florida.

Present and constituting a quorum were:

Phillip Montalvo John Lambert Ron Root
Darin Tennyson Jordan Rockefeller

Chairman
Vice Chairman by phone Assistant Secretary Assistant Secretary Assistant Secretary

Also present were:

Jill Burns Scott Clark
Mark Vincutonis Yvonne Shouey Marc Reicher Teresa Viscarra

District Manager District Counsel District Engineer RIDA Development RIDA Development GMS

FIRST ORDER OF BUSINESS	Roll CalJ
Ms. Burns called the meeting to order at 2:00 p.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fill the Vacancy in Seat 3 with a Term Ending November 2022
Ms. Burns stated the Board appointed an individual at the last meeting to fill the vacancy and that person declined the appointment. Is there a nomination to fill the vacancy?

Mr. Montalvo stated two of the Board Members have their homes up for sale and will be moving oµt of the area. I have names of two individuals who are interested in serving on the Board.
Ms. Bums stated Mr. Rockefeller is here today and we can appoint him and if one of the Supervisors wished to resign at the end of the meeting, we would still have four Board Members.
Mr. Lambert stated after we have the vote on Jordan if that is going to be the recommendation, I will tender my resignation.
Mr. Clark stated let's deal with the one who is here then we can talk about the candidate that you are thinking about and the Board can get some direction on whether we are going to do that or keep looking.
Mr. Reicher stated Jordan and his brother have been on property for almost three years and they operate the car wash and I thought it would be a nice balance to have someone  who  runs a business here and he is also a resident.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor Jordan Rockefeller was appointed to fill the  vacancy  in Seat 3 with a term ending November 2022.

Administration of Oath of Office to Newly Appointed Board Members
Ms. Bums being a Notary Public of the State of Florida administered the Oath of Office  to Mr. Rockefeller.
Ms. Burns stated after the meeting Scott and I will go over the paperwork I have given to you that covers the laws and guidelines for elected officials.
Mr. Reicher stated the most important thing is you are prohibited from talking to other Board Members about District business.
Mr. Clark stated that includes by email, social media and things like that.

Consideration of Resolution 2019-04 Electing Assistant Secretary

On MOTION by Mr. Tennyson seconded by Mr. Montalvo with all in favor Resolution 2019-04 appointing Mr. Rockefeller as an Assistant Secretary was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the December 11,
2018 Meeting

On MOTION by Mr. Root seconded by Mr. Tennyson with all in favor the minutes of the December 11, 2018 meeting were approved, as presented.

FIFTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year 2018
Audit Report
Ms. Burns gave a brief overview of the Fiscal Year 2018 audit, which is considered to be a clean report with no.significant findings.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor the Fiscal Year 2018 audit was accepted, and staff authorized to transmit the final report to the State of Florida.

SIXTH ORDER OF BUSINESS	Public Hearing to Consider Resolution 2019-
05 Adopting Rules and Regulations for Streets and Roadways within the District Prohibiting Certain Street Parking;  Providing Remedies to Correct Street Parking

On MOTION by Mr. Root seconded by Mr. Montalvo with all in favor the public hearing was opened.

Mr. Montalvo stated we have an issue with parking primarily on Laura Lane between South Goodman and Masters.
Mr. Clark stated we have noticed a public hearing to potentially adopt the rule. I brought text in the form of a resolution, it is open to discussion if it is not what the Board wants, we can make some amendments to it. First, we dealt with Laura Lane within the right of way of Laura Lane there can be no parking. We need to put up the signage, the tow compliance signage in order to be able to enforce it. Beyond that there are some general things in the statutes and these are things you are familiar with about not blocking people's driveways, not parking next to a fire hydrant, at a stop sign, parking in a way to hinder emergency access. I have also incorporated those things to give the ability to tow cars if you have a problem and that would be on any road that you own. I have said so we could short circuit the process that the District would have the

right in addition to Laura Lane if there are other problems that happen we can  come  back through a resolution, not the public hearing process, and say we have a problem on this street so let's authorize striping and signage to deal with that problem when it comes up in the future. If you have a truck and get towed the amount you are going to pay to get it out is much more prohibitive than getting a ticket. A ticket you pay as a cost of doing business, the fees to tow trucks is $500 - $700 depending on the size. They wouldn't do it twice.
Mr. Montalvo stated but the Sheriff would be able to issue a ticket.
Mr. Clark stated the Sheriffs vary from County to County on what they will  do.  Some will say it is not a County road we are not going to ticket it but usually, and I think Osceola is included in this, if you give them a copy of the rule that we have adopted and say this is the regulation that we have we want you to enforce it with tickets when you come in I think Osceola County will do that if we have a conversation with them.
Ms. Shouey stated you have to post that they will ticket if you are parking illegally. Mr. Root stated ticket or tow.
Ms. Shouey stated right. I had to do it before for the fountain area  with  the  skateboarders, they won't do anything unless you have the signage.
Mr. Montalvo stated the trucks that park on Laura Lane are there for a limited amount of time and may be gone by the time the tow truck arrives whereas if a deputy  is in the area, they can give them a ticket. I wouldn't discount that need to build that relationship with the Sheriffs Office.
Mr. Reicher asked if you adopt this what are the logistics of implementing it?
Mr. Clark stated for ticketing, the Sheriff has different language they want to see on the sign. For towing, there is compliant language in 715.07 that you have to have certain language, certain letters, tow away zone.
Ms. Shouey stated most towing companies have that.
Mr. Clark stated we would engage a tow company to come in and wander through or we can call them when we have a problem, you can work it either way but generally they won't charge us anything, they do it for the very generous fee they get from towing.
Mr. Montalvo stated we deal with a couple in Bella Trae and they do a pretty good job.
Mr. Clark stated we should probably reach out to one that is already coming into Bella Trae to do our enforcement. For purposes of discussion on the second page where it says

parking is defined by Florida Statute 316.003(27) they changed that number and it should be 316.003(50). I will produce a clean copy and get it signed after the meeting.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor the public hearing was closed.

On MOTION by Mr. Tennyson seconded by Mr. Rockefeller with all in favor Resolution 2019-05 was approved.

Mr. Lambert left the telephone conference at this time.

SEVENTH ORDER OF BUSINESS	Discussion	of	Poblocki	Sign	Company
Correspondence and Monument Signage
Mr. Reicher stated at the last Board meeting the Manager asked that you give us the opportunity to go back to Poblocki and see if we can figure out how to make these signs a little more cohesive and consistent. I think we have something that is potentially a solution. We had a meeting and Luke showed up onsite and he didn't sign anything in writing,  but  I  believe Poblocki will cover the lion's share of these modifications, but I don't think  it is going  to  be a big cost to this District at the end of the day.
Mr. Reicher distributed a sketch of the proposed signage and stated the big issue was the fact that the cans were hanging over and that is more  of an issue with the radius.  On the flat  sides they only hang over about 5". His initial schematic showed a stone element finish on the side but not underneath it as a runner. Our solution was to add those stone elements and it makes it look more finished and more consistent with the Downtown ChampionsGate vibe. You still have a 5" protrusion on the side but I don't think that is as severe and the fact that this stone  would pop out in front of it would balance it nicely. If you like the design  then  we will  send back correspondence saying you are going to fix all the workmanship  issues  plus add the stone. Is this a direction that looks more finished to you that could resolve an ongoing and  extended sign saga?
Mr. Montalvo stated it looks good to me.
Mr. Reicher stated I think he is saying he is going to absorb the cost but we won't know until we get a final agreement and direction from the Board that this is what we want to do.

Mr. Montalvo stated he said this would have to be in the nature of a change order that would have the specifications and completion dates so we don't get trapped in another situation.
Mr. Reicher stated the rounded wall, the one in the front, the boxes protrude out further because the radius isn't equal on each sign and the solution on the fly was to add this secondary box so on the second page you see the notation and they range between 11" and 13" in protrusion and the idea is to take an EFIS with a stucco finish and create a radius that absorbs that 11" to  13". What you are doing with the rounded is absorbing that 11" to 13" that is currently protruding but then look like its embedded into the sign the same 5", which is what the light box is. You would add the stone elements into the radius to the extent it is possible along the radius.  If you want us to pursue this remedy to finish the sign work, we need to have a date certain when things are going to get done and outside dates. We are looking for feedback.  The last time I  made the request to meet with him and come up with a design and this is what we are coming back with today.
Mr. Montalvo stated the design is acceptable, the question is flat or rounded profiles. Mr. Reicher stated we can do a mockup.
Mr. Montalvo stated let's do that.
Mr. Reicher stated we made him aware of all the deficiencies and  if you like the design we will go back and see if we can work out some type of addendum to the agreement that allows him to finish and we don't think there will be any cost. When you look back at the original schematic the only thing that wasn't in the schematic is the stone that runs under it and  if he  came back and said he needs another couple hundred to do the stone under every sign and it is outside the design I would come back to you.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor Mr. Reicher was authorized to proceed to move forward with Poblocki based on the presentation with a rounded profile.

EIGHTH ORDER OF BUSINESS

Consideration of Transfer of Environmental Resource Permit No. 49-00884-P

Ms. Burns stated there is a request to transfer the environmental permit for a couple of ponds to the District.
Mr. Clark stated I went through these to verify that we have the appropriate  easements and we do.

On MOTION by Mr. Montalvo seconded by Mr. Root with all in favor transfer of the Environmental Resource Permit no. 49-00884- p was accepted and the Chairman was authorized to execute the transfer documents.

NINTH ORDER OF BUSINESS
Bond Payoff and Use of Surplus

Discussion Items

Ms. Burns stated the amount of bonds outstanding based on the amount in the reserve and assessments collected this year are such that we do not need to collect debt assessments on the upcoming tax bill. As a result, without having to put anything on roll for the upcoming year we are going to have an excess of funds of $480,241.
Mr. Reicher stated last time we talked about that we could never  figure out who would get what portion of it so we would just hold it and keep it as a reserve fund to do projects.
Ms. Burns stated to be used for capital projects.
Mr. Reicher stated I have talked to my general partner, who is the largest landowner, and he thinks that is a good idea and he would support that.
Mr. Clark stated both Bond Counsel and I have reviewed the prior documents related to the issue, the assessment resolution and what we are doing is allowed and consistent with all those documents.
Mr. Reicher stated keep in mind this bond is retiring after 20 years and there are a lot of
things in the ground that you don't see that are in existence and we really need to think about the right way to put these monies back to use and set the property up to be functioning and efficient going forward the next IO to 20 years. That could be irrigation that we are going to talk about a little later.
Ms. Viscarra stated we were hoping to be able to use what is left in reserve to speed up  the last payment and I will work with the trustee to see what is stated in the bond documents about how quickly we can have access to those funds.
Mr. Clark stated there are notice periods with the trustee some of which may hit before  we meet again, I think it would be good for the Board to authorize staff to take such actions as necessary to prepay the bonds on or before the next due date and to move any  remaining proceeds into a capital reserve account.

On MOTION by Mr. Montalvo seconded by Mr. Root with all in favor staff was authorized to prepay the outstanding bond amount on or before the next bond call date and to move any remaining proceeds into a capital reserve account.

Mr. Clark stated I will look at it, but I think we need to give notice by March 15th that we intend to do that.

Status of Master Boulevard Overlay
Ms. Shouey stated the contractor is ready when you ai:e ready. Mr. Montalvo stated I signed the. contract a month ago.
Ms. Shouey stated they want 30 days' notice and I wasn't going to give them that notice. We were going to talk about when you wanted to do it because they have to close down one lane.
Mr. Root stated May is a good month to do this for a lot of reasons.
It was the consensus of the Board to give notice to the contractor that he can commence the Masters Boulevard overlay in May, specific date to be determined by staff.

Laura Lane Sidewalk Update
Mr. Vincutonis stated at the last Board meeting we talked about running a sidewalk along Laura Lane. I prepared an updated cost estimate to have the sidewalk on the south side of Laura Lane so it runs behind all the commercial enterprises. I estimated just under $104,000 to do that. That excludes lighting. I think Yvonne was going to try to see who handles the lighting and see what that would be and whether or not it is even needed.
Mr. Root stated I know the minutes reflect their opinion, but I'm not convinced. Those lights that are 100 feet high light up my neighborhood, which is a quarter mile away.
Mr. Rockefeller stated I agree there needs to be a sidewalk, but I don't know about lights.
Ms. Shouey stated I will walk down there but if you don't think we need it, that is a big expense. If you have the specs I can get a bid for the sidewalk.
Mr. Vincutonis stated I was anticipating a 5-foot sidewalk adjacent to the back of curb. One thing we have to look at is the sod work is going to be on private property on three lots so there will have to be some easement acquisition. There are electrical boxes and a manhole, so there will need to be some retaining wall.
Ms. Shouey asked is the proposal just for the sidewalk and not the other stuff?

Mr. Vincutonis stated it includes the retaining wall and landscape. It does not include easement acquisition if there is any cost associated with that. We will be going up two drives,  east of Walgreens because those drives are pretty steep and the crosswalks are going to have to  be 2% so we have to cut into that and reshape their drive. I think we need to generate a plan, survey this, understand what the boundaries are relative to the back of curb and set grades on these conditions, set the retaining wall so we can get prices from some contractors. I anticipate needing a 10-foot easement across those three lots and maybe a bigger temporary construction easement.
Mr. Montalvo asked what is our next step?
Mr. Clark stated we don't have to formally bid it based on the numbers so just bring as many proposals as you can.
Ms. Shouey stated we have to have a plan then we will get it to the contractors.  Maybe  by the April meeting we can have it all together. Once I get the plan then we have to get easements.
Mr. Reicher asked before we have plans drawn do we want to contact the four property owners and say we are considering doing this and are requesting an easement and we will replace your landscaping is this something you would agree to.  We have no power to condemn  and if one of the four says no we need a new plan. We can contact the owners.
Mr. Clark stated have Mark do a sketch of the sidewalk easement, the construction easement, address any details about tom up landscaping and things like that and you would be  the people to approach them.
Ms. Shouey stated I can do a letter and contact all these people.
Mr. Clark stated if they say yes conceptually then I will draft a form  of easement  that they can send to their general Counsel.
Ms. Shouey stated I will do that Scott, then get that to you.

Corner of S. Goodman/ChampionsGate Right Turn Lane
Ms. Shouey stated I would like to get more sturdy delineators around there. They make them where they are all together and made out of a heavier material because all we do is keep putting them up. I instructed our 8 - 12 officers to concentrate on that and they have never seen them do that.

Mr. Montalvo stated most of them have stopped at 7-11 to get gas and don't know how to get back. We may consider putting a sign at 7-11 directing them to I-4.
Ms. Shouey stated I have other signs on order and I will order those.  I was waiting for you on the delineators.
Mr. Montalvo stated if it is within my spending authority and if the Board has  no objection to that, then we will do it.
Ms. Shouey stated I think maybe $1,000 max.
Mr. Root stated the tum radius when you are coming off 1-4 and turning to go into 7-11  or one of the restaurants is getting chewed up terribly.

Condition of District Irrigation System
Ms. Shouey stated I'm going to contact  Weber and have him give me a price as to what  he thinks and it is going to be a big amount.
Mr. Montalvo asked can we have an audit of the system so that we can look at it? Ms. Shouey stated I don't understand how we do an audit without digging.
Mr. Reicher asked over the years is maintenance increasing on an annual basis? Ms. Shouey stated yes.
Mr. Reicher stated that is the truest indication that it is aging.
Ms. Shouey stated because it is so old they are having to put band-aids on the band-aids. Last week we had two main lines break and for some reason those main lines are 6 and 8 feet deep.
Mr. Montalvo stated what I meant by an audit was if he has to completely start from
scratch and run new lines. The areas that don't need fixing we need to identify.
Ms. Shouey stated ChampionsGate Boulevard is the worst.
Mr. Montalvo stated I mean throughout the system. Do we have a diagram? Ms. Shouey stated I have an as-built.
Mr. Montalvo asked using that as-built can you identify the areas that need to be addressed and prioritize them?
Mr. Reicher stated it is very difficult because when they break they break. One of the things we can look at is all the controllers.

IO

Mr. Root stated if a section breaks at that point maybe we need to think in terms of sectional replacement of that pipe rather than a band-aid.
Ms. Shouey stated we do that now. The problem is just like the break they had at Masters, the water pressure from the other leak snapped another pipe. It is like they are weak, they are old.
Mr.  Montalvo  asked  how can  we understand  the nature  of  the problem?	Should we replace the whole system?
Ms. Shouey stated no.
Mr. Montalvo stated any direction the Board gives to Yvonne in terms of irrigation, needs to include technology improvements. Even though we are on well water, we often do like other communities and that is water while it is raining. I think that needs to be anticipated as part of an upgrade.
Ms. Shouey stated I haven't talked to Weber, himself, to see what they feel should be done. Let me go to him and see what he thinks we should do.
Mr. Root stated we need to ask Weber what it will take to keep more water off the streets.
Ms. Shouey stated it is the heads they put on, that causes the water to go in the street. It may be nothing more than changing out the heads. I will find out when I talk to him.

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

Engineer
There being none, the next item followed.

Manager
Approval of Check Register

On MOTION by Mr. Root seconded by Mr. Tennyson with all in favor the check registers were approved.

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

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

TWELFTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Root stated I wish my resignation to be effective today at 3:14 p.m. prior  to the end of the meeting.
Mr. Montalvo stated one of the two people I spoke to about this Board  is Lee Dawson who is a Bella Trae resident and an Engineer, he is our neighborhood watch coordinator and deputized and has a relationship with the Sheriffs Office and is a fulltime resident.  For  the second position I spoke with Lisa Allen also lives in Bella Trae, is very much involved in governments, deals with the association, used to be a school teacher and school administrator and has great organizational skills and she is also a full time resident. She is on the Board over there too.
Mr. Reicher stated I don't know how you go about informing people about vacancies but
a representative from another area would be a good idea. How do we make the general public aware of this opportunity?
Mr. Clark stated if they have an HOA over there you can put it out that way. Have them put it on their website.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor Mr. Root's resignation was accepted and Seat 4 was declared vacant.

Mr. Montalvo stated I will talk to Liz and ask her to come to the next meeting and if there is anyone else who is interested can attend also.
Ms. Bums asked does the April date work for the three of you because if John resigns we need all three of you here for quorum.
Mr. Montalvo stated let's meet on April 8th.
Mr. Tennyson stated my schedule has changed and Mondays are better for me.
Mr. Montalvo stated we can change the date from the second Tuesday to the second Monday at 2:00 p.m.

Ms. Burns stated we can advertise that and update the meeting schedule to meet on the second Monday at 2:00 p.m.

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor Lee Dawson was appointed to fill the vacancy in Seat  4 with a term ending November 2022.

THIRTEENTH ORDER OF BUSINESS	Audience Comments

On MOTION by Mr. Montalvo seconded by Mr. Tennyson with all in favor the meeting adjourned at 3:27 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

S ECTION VI

S ECTl·ON·C

S	ECTION 1

Champions Gate
Community Development District
Check Run Summar y

February 1, 2019 thru March 31, 2019

	Fund	Date	CheckNo.'s	Amount	
	General Fund	2/1/19	4417-4418	$	1,102.55	
		2/7/19	4419	$	3,454.74	
		2/8/19	4420-4422	$	2,962.00	
		2/15/19	4423-4426	$	26,250.99	
		2/17/19	4427	$	204,981.91	
		2/19/19	4428-4429	$	1,748.00	
		3/1/19	4430-4434	$	17,161.59	
		3/7/19	4435-4439	$	11,094.51	
		3/15/19	4440	$	11,631.91	
		3/20/19	4441	$	17,327.45	
		3/22/19	4442-4443	$	1,990.00	
		3/28/19	4444	$	1,056.77	
				$	300,762.42	
	Capital Reserves				
		2/15/19	44-45	$	10,583.00	
				$	10,583.00	
	Payroll	Februar y 2019			
		Darin Tennyson	50303	$	184.70	
		John Lambert	50304	$	184.70	
		Phillip Montalvo	50305	$	184.70	
		Ronald Root	50306	$	184.70	
				$	738.80	

$	312,os4.22 I

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

2/01/19	00022	1/25/19	

2/01/19	
00056	
1/16/19	

2/07/19	
00049	
2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	
		2/01/19	

2/08/19	
00030	
2/01/19	

2/08/19	
00026	
2/01/19	

2/08/19	
00057	
2/04/19	
		2/04/19	

2/15/19	
00004	
1/31/19	
		1/31/19	

17387A	201901 320-53800-46800 FOUNTAIN BOWL CLEAN JAN19

STATUS

*

AMOUNT	.•..CHECK.••.•
AMOUNT	#
150.00

FOUNTAIN DESIGN GROUP, INC.
57880	201901 320-53800-35100
RPR MAINLINE-1-4/CG BLVD
WEBER ENVIRONMENTAL SERVICES
182	201902 310-51300-34000
MANAGEMENT FEES-FEB19
182	201902 310-51300-35100
INFORMATION TECH-FEB19
182	201902 310-51300-31300
DISSEMINATION-FEB19
182	201902 310-51300-51000
OFFICE SUPPLIES
182	201902 310-51300-42000
POSTAGE
182	201902 310-51300-42500
COPIES

-  -  - - -  - - -  - - -  -1-50.-00- 004417
*	952.55

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

952.55 004418
-
*	3,050.25
*	266.67
*	83.33
*	.72
*	15.67
*	38.10

GOVERNMENTAL MANAGEMENT SERVICES
16345	201901 310-51300-31500
REV.FINANCIAL/CORRESPOND.

-  -  -  -  - -  -  -  -  -  -3,-4-54.-74-
*	810.00

004419

CLARK & ALBAUGH, LLP
409808	201902 320-53800-46800
WATER MGMT SERVICES FEB19

-  - -  - -  - -  -  -  -  -  -81-0-.00-
*	464.00

004420

THE LAKE DOCTORS, INC.
49266	201901 320-53800-34500
SECURITY DETAIL JAN19
49266A	201902 320-53800-34500 SECURITY DETAIL FEB19

-  -  -  -  -  -  -  - -  -  -  -46-4.-00-
*	1,142.00
*	546.00

004421

OSCEOLA COUNTY SHERIFF
39623500 201901 310-51300-48000
NOT.OF PUB.HEARING 01/11 39623500 201901 310-51300-48000
NOT.OF RULE MAKING 01/12

-  -  -  -  -  -  - - -  -  -1-,68-8.-00-
*	252.50
*	226.25

004422

2/15/19 00105

ORLANDO SENTINEL
2/08/19 43504	201902 320-53800-12000
ONSITE SERVICES FEB19

- -  -  - - - - - -  -  -  -4-78-.7-5 004423
*	12,299.84

RIDA ASSOCIATES LIMITED PARTNERSHIP	12,299.84 004424

CHMP CHAMP GATE	TVISCARRA

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

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

2/15/19 00048

1/31/19 1901-023 201901 320-53800-47200
OBSERVE/RPLC PED MODULE 1/31/19 1901-024 201901 320-53800-47200
PURCHASE PED SIGNAL 16
2/01/19 1902-003 201902 320-53800-47200
TRAFFIC SIGNAL MAINT FEB

*	514.00
*	218.75
*	196.00

2/15/19 00056

TRAFFIC ENGINEERING & MANAGEMENT
1/30/19 57927	201901 320-53800-35100	*
RPLC 2 BAD VALVES-LEGENDS
2/01/19 57948	201902 320-53800-46200	*
LANDSCAPE MAINT FEB19

911.74
11,631.91

928.75 004425

2/17/19 00073

2/19/19 00099

2/19/19 00057

3/01/19 00042

3/01/19 00003

3/01/19 00022

3/01/19 00105

WEBER ENVIRONMENTAL SERVICES
2/17/19 02172019 201902 300-20700-10000
FY19 DEBT SERV SER1998A
CHAMPIONSGATE CDD C/0 USBANK
2/15/19 3642-02- 201902 310-51300-31200
ARBITRAGE SERIES 1998A&B
AMTEC
2/19/19 49326	201902 320-53800-34500
SECURITY DETAIL FEB19
OSCEOLA COUNTY SHERIFF
2/11/19 789495	201902 320-53800-47300
RPLC OLD POLE/FIXTR/WIRE
ALL STATES LIGHTING, INC
2/12/19 6-457-61 201902 310-51300-42000
DELIVERY 02/06/19
FEDEX
1/04/19 17245A	201901 320-53800-46800 QTRLY FOUTAIN CLEAN JAN19
2/21/19 17568A	201902 320-53800-46800 RPLC LITES/REWIRE/GASKETS
2/26/19 17621A	201902 320-53800-46800 FOUNTAIN BOWL CLEAN FEB19
2/26/19 17621A	201902 320-53800-46800 S/R FILTER CARTRIDGE 150
FOUNTAIN DESIGN GROUP, INC.
3/01/19 43523	201903 320-53800-12000
ONSITE SERVICES MAR19

*	204,981.91

*	450.00

*	1,298.00

*	720.75

*	170.95

*	250.00
*	2,820.81
*	150.00
*	291.98

*	12,299.84

12,543.65 004426

204,981.91 004427

450.00 004428

1,298.00 004429

720.75 004430

170.95 004431

3,512.79 004432

RIDA ASSOCIATES LIMITED PARTNERSHIP	12,299.84 004433

CHMP CHAMP GATE	TVISCARRA

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

STATUS

AMOUNT	...•CHECK..•..
AMOUNT	#

3/01/19 00056

2/19/19 58112	201902 320-53800-35100
SPRAY/ROTOR/NOZZLE/RISER

*	457.26

3/07/19	00049	3/01/19	183	201903 310-51300-34000	
		3/01/19	183	201903 310-51300-35100	

MANAGEMENT FEES-MAR19 INFORMATION TECH-MAR19

WEBER ENVIRONMENTAL SERVICES

- -  - -  -  -  -  - - - - -45-7.-26-
*	3,050.25
*	266.67

004434

3/01/19 183	201903 310-51300-31300
DISSEMINATION-MAR19
3/01/19 183	201903 310-51300-51000
OFFICE SUPPLIES
3/01/19 183	201903 310-51300-42000
POSTAGE
3/01/19 183	201903 310-51300-42500
COPIES
3/01/19 183	201903 310-51300-41000
TELEPHONE

*	83.33
*	25.45
*	10.-56
*	48.00
*	10.25

3/07/19 00030

3/07/19 00026

GOVERNMENTAL MANAGEMENT SERVICES
3/01/19 16391	201902 310-51300-31500
REV.AGNDA/SFWMD/MTG/AGREE
CLARK & ALBAUGH, LLP
3/01/19 415246	201903 320-53800-46800
WATER MGMT SERVICES MAR19

-  - - -  -  -  - -  -  - -3,-4-94.-51-
*	3,564.00
-  - - - -  -  -  -  -  - -3,-56-4.-00-
*	464.00

004435

004436

3/07/19 00057

THE LAKE DOCTORS, INC.
3/04/19 49385	201902 320-53800-34500
SECURITY DETAIL FEB19
3/04/19 49385A	201903 320-53800-34500 SECURITY DETAIL MAR19

-  -  -  - -  - - -  -  - -  -4--64-.0-0 004437
*	1,248.00
*	624.00

OSCEOLA COUNTY SHERIFF

3/07/19	00138	2/22/19	

3/15/19	
00056	
3/01/19	

3/20/19	
00073	
3/19/19	

1206	201902 310-51300-35100
ADA COMP/UPDATE SITE

-  -	- -  -  -  -  -  - -1,-87-2.-00- 004438

-

*	1,700.00

NEWAGETUTORS LLC
58199	201903 320-53800-46200
LANDSCAPE MAINT MAR19

- -  -  -  -  -  -  -  -  -  -1,-7-00.-00-
*	11,631.91

004439

WEBER ENVIRONMENTAL SERVICES
03192019 201903 300-20700-10000
FY19 DEBT SERVICE SER98A
CHAMPIONSGATE COD C/0 USBANK

- - - - - -  - - - -  -11-,63-1.-91- 004440
*	17,327.45
17,327.45 004441

CHMP CHAMP GATE	TVISCARRA

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

STATUS	AMOUNT	..••CHECK••••• AMOUNT	#

3/22/19 00057

3/22/19 00048

3/18/19 49439	201903 320-53800-34500
SECURITY DETAIL MAR19
OSCEOLA COUNTY SHERIFF
3/01/19 1903-003 201903 320-53800-47200
TRAFFIC SIGNAL MAINT MAR

*	1,794.00

*	196.00

1,794.00 004442

3/28/19 00022

TRAFFIC ENGINEERING & MANAGEMENT
3/15/19 17728A	201903 320-53800-46800	*
QTRLY FOUTAIN CLEAN MAR19
3/22/19 17771A	201903 320-53800-46800	*
INST.NEW MOTOR STARTER
3/25/19 17795A	201903 320-53800-46800	*
FOUNTAIN BOWL CLEAN MAR19

250.00
656.77
150.00

196.00 004443

FOUNTAIN DESIGN GROUP, INC.	1,056.77 004444

TOTAL FOR BANK'A TOTAL FOR REGISTER

300,762.42
300,762.42

CHMP CHAMP GATE	TVISCARRA

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

STATUS	AMOUNT	CHECK..••.
AMOUNT	#

2/15/19 00013

2/19/19 00004

1/31/19 78022	201901 320-53800-60000
RPLC 6 CONTRACTOR BOXES
ALL STATES LIGHTING, INC
1/04/19 17247A	201901 320-53800-60000 INST.25HP 200V 3PH MOTOR

*	5,773.00

*	4,810.00

5,773.00 000044

FOUNTAIN DESIGN GROUP, INC.	4,810.00 000045

TOTAL FOR BANK B TOTAL FOR REGISTER

10,583.00
10,583.00

CHMP CHAMP GATE	TVISCARRA

S ECTION 2

••

•

•	•	•	•	•	•	•	•	•	•	•	•

•••••••••

ChampionsGate
Community Development District

Unaudited Financial Reporting March 31, 2019

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

 	Balance Sheet 

 	General Fund  Income Statement 

 	Debt Service Fund Income Statement 

Capital Projects Income Statement

 	Month  to Month 

Long Term Debt Summary

 	Assessment Receipt Schedule 

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT
Balance Sheet - All Fund Types and Accounts Groups
March 31, 2019

 	Governmental Fund T	es	
	General	Debt Service	Capital Projects	Totals	
	Fund	Fund	Fund	2019	
ASSETS					
Cash					
Operating Account	$504,287			$504,287	
Custody Account	$5,492			$5,492	
Investments					
Reserve-A		$1,311,719		$1,311,719	
Prepayment-A		$3,705		$3,705	
Revenue		$1,722,875		$1,722,875	
Capital Reserves			$263,354	$263,354	
State Board of Administration			$303,972	$303,972	

TOTAL ASSETS	II	$509,779	$3,038,298	 	$567,326		$4,115,40311
LIABILITIES
Accounts Payable

Fund Eguit)l and Other Credits	
Restricted for Debt Service	$3,038,298	$3,038,298
Assigned for Capital Projects	$567,326	$567,326
Unassigned	$509,779	$509,779

TOTAL  LIABILITIES  & FUND		 					 EQUITY & OTHER CREDITS	II		$509,779	$3,038,298	$567,326	$4,115,40311

ChampionsGate
Communitll Develogment Distri1,t General Fund
Statement of Revenues & Expenditures For Period Ending March 31, 2019
	General Fund	Prorated Budget	Actual		
	Bud et	Thru 3/31/19	Thru 3/31/19	Variance	
Revenues:					
Special Assessments	$731,679	$701,137	$701,137	$0	
Interest	$0	$0	$58	$58	
Total Revenues	$731,679	$701,137	$701,194	$58	

Exgenditures:					
Admlnjstrative					
Supervisors Fees	$6,000	$3,000	$2,600	$400	
FICA Expense	$459	$230	$199	$31	
Engineering	$10,000	$5,000	$2,783	$2,218	
Attorney	$22,500	$11,250	$9,888	$1,362	
Annual Audit	$3,900	$3,900	$3,900	$0	
Management Fees	$36,603	$18,302	$18,302	$0	
Information Technology	$3,200	$1,600	$3,300	($1,700)	
Collection Agent	$5,000	$5,000	$5,000	$0	
Trustee Fees	$4,337	$4,337	$4,771	($434)	
Arbitrage Rebate	$450	$450	$450	$0	
Dissemination	$1,250	$625	$750	($125)	
Telephone	$100	$50	$10	$40	
Postage	$1,200	$600	$635	($35)	
Insurance	$10,500	$10,500	$10,331	$169	
Printing & Binding	$1,000	$500	$207	$293	
Legal Advertising	$1,500	$750	$709	$41	
Other Current Charges	$250	$125	$42	$83	
Property Appraiser Fee	$500	$500	$384	$116	
Property Taxes	$15	$15	$29	($14)	
Office Supplies	$250	$125	$78	$47	
Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Total Admnlnistrative	$109,189	$67,033	$64,542	$2,491	
Maintenance					
Property Insurance	$22,900	$22,900	$19,926	$2,974	
Landscape Maintenance Contract	$139,583	$69,792	$69,791	$0	
Landscape Miscellaneous	$8,000	$4,000	$1,665	$2,335	
Irrigation System/Maintenance	$15,000	$7,500	$10,035	($2,535)	
Irrigation Wells	$0	$0	$0	$0	
Lakes/Fountains	$13,200	$6,600	$7,954	($1,354)	
Lighting	$12,000	$6,000	$2,030	$3,970	
Miscellaneous	$2,000	$1,000	$0	$1,000	
Painting Public Areas	$600	$300	$0	$300	
Traffic Signals	$8,000	$4,000	$4,382	($382)	
Sidewalks	$10,000	$5,000	$0	$5,000	
Signage	$6,000	$3,000	$0	$3,000	
Trash Removal	$3,700	$1,850	$1,832	$18	
Electric	$45,000	$22,500	$22,961	($461)	
Water/Sewer	$1,000	$500	$139	$361	
Security	$46,000	$23,000	$19,711	$3,289	
Onsite Management	$147,600	$73,800	$73,799	$1	
Mosquito Control	$7,600	$3,800	$1,870	$1,930	
Transfer Out - Capital Reserve	$234,307	$234,307	$234,307	$0	
Total Maintenance	 	$722,490	$489,849 	$470,403	$19,446	
Total Expenditures	$831,679	$556,882	$534,945	$21,937	
Excess Revenues (Expenditures)	!$100,000)    		$166,249	 		
Fund Balance • Beginning	 	$100,000		$343,530	 		
Fund Balance• Ending	$0	$509,779		

ChampionsGate
Comm urty Develop m enDis tict

Debt Service Fund - Series 1998A Statement of Revenues & Expenditures For Period Ending March 31, 2019

	Debt Service	Prorated Budget	Actual		
	Bud et	Thru 3/31/19	Thru 3/31/19	Variance	

Revenues:					
Special Assessments	$1,311,719	$1,258,650	$1,258,650	$0	
Interest	$500	$250	$3,305	$3,055	
Total Revenues	$1,312,219	$1,258,900	$1,261,955	$3,055	

Expenditures:					
Special Call - 11/1	$0	$0	$25,000	($25,000)	
Interest - 11/1	$77,031	$77,031	$77,031	$0	
Principal - 5/1	$1,195,000	$0	$0	$0	
Interest - 5/1	$77,031	$0	$0	$0	

Total Expenditures	 	$1,349,063	$77,031	$102,031		{$25,000}

Excess Revenues (Expenditures)	{$36,844} 	$1,159,924	

Fund Balance - Beginning	$531,838	$1,878,374	
			
Fund Balance - Ending	$494,995	$3,038,298	

ChampionsGate
Communit y Development District

Capital Projects Fund
Statement of Revenues & Expenditures For Period Ending March 31, 2019

	Capital Reserves	Prorated Budget	Actual		
	Budget	Thru 3/31/19	Thru 3/31/19	Variance	

Revenues:					
Transfer In	$234,307	$234,307	$234,307	$0	
Interest	$100	$50	$3,878	$3,828	
Total Revenues	 	$234,407	$234,357		$238,185	$3,828	

Expenditures:					
Capital Projects - Other	$360 ,000	$180,000	$28,638	$151,362	
Total Expenditures	$360,000	$180,000	$28,638	$151,362	

Excess Revenues (Expenditures)	($125,593  )		$209,547		
Fund Balance - Beginning	 	$256,874	$357,779		
Fund Balance - Ending	 	$131,281	$567,326		

ChampionsGate CDD

Revenue&:

Oct-18	Nov-18	Dec-18	Jan-19	Feb-19	Mar-19	r-19	Mat-19	Jun-19	Jul-19	A!!ll::19	Se e::19	Total

Special Assessments	so	$57,383	S499,668	$20,247	5114,186	$9,652	$0	$0	$0	$0	$0	$0	$701,137
Interest	SB	$9	$9	$10	S11	S10	$0	so	$0	$0	$0	$0	$58

$8	$57,393	S499 678	$20	,257	S114197	$9	.662	$0	$0	$0	so	$0	so	$701 194	

Total Revenues

Expenditures:

Adminislrplive

SupeMSOrs Fees	$1,000		so		$800	$0	$800	so	$0	$0	$0	$0	so	$0	$2 ,600 FICA E:q,ense			$77		$0			S61	so		$61	so	so	$0	$0	$0	$0	$0		$199 Engine&ring		S974	$188	S1,621	$0			$0	$0                       $0                        so               $0                         $0                         $0                        $0                                $2,783
Attorney		$542		$993	$3,980		$810	$3,564		$0	$0	$0	$0	$0	$0	$0	$9,888 Annual Audit			$0	$2,000	$1,900			$0		$0		$0	$0	$0	$0	$0	$0	$0	$3,900 Management Fees	$3,050	$3,050	$3,050	$3,050	$3,050	$3,050                       $0                        $0                        $0                        $0                       $0                      $0                           $18,302
Information TechllOk:lgy	$267	$267	$267	$267	$1,987	$267	$0	so	$0	$0	$0	$0	$3,300
Collection Agent	$5 ,000	$0		$0	$0		$0	$0	$0	so	$0	$0	$0	$0	$5,000 Trustee Fees		so	so	$4,771	$0		$0	so	so	$0	so	$0	so	$0	$4 ,771 Arbitrage Rebate		$0	$0		$0	$0	$450	$0                        $0                         $0                        $0                        $0                        so               $0                                   $450
Dissemination	$333	S83		$83	$83		$83	$83	$0	$0	$0	$0	$0	$0	S750 Telephone		$0		so			$0		$0			$0	$10	$0	$0	$0	$0	$0	$0		$10 Postage	$201	S13	$189	$35	$187	$11                       $0                       $0                        $0                        $0                        $0                       $0                        $635 Insurance                                                         $10,331                             $0                               $0                               so                  $0                         $0                         $0                         $0                         so               $0                         $0                        $0                              $10,331 Printing & Binding                                                                $0                           $83                                $0                              $38                            S38                      $48                         $0                         $0                         so               $0                         $0                        $0                              $207
Legal Advertising	$230	$0	$0	$479	$0	$0	$0	$0	$0	$0	$0	$0	5709
Olher Current Charges	$5	$18	$19		$0	$0	$0	$0	$0	$0	$0	$0	$0		$42 Property Appraiser Fee	$0		$0		$0	$384	$0	$0	$0	$0	$0	$0	$0	$0	$384 Property Taxes	$0	$29		$0		$0	$0	$0                        $0                         $0                         $0                         $0                        $0                       $0                                    $29
Off10e Suppfies	$1	$26	$0	$25	$1	$25	so	$0	$0	$0	$0	so	$76
Dues, Licenses, Subscriptions	$175	so	so	$0	$0	so	$0	$0	$0	$0	$0	so	$175

Tot.al Administrative	$22,184	$6 750	$16 741	$5172	$10201	$3495	$0	$0	$0	$0	$0	$0	$64542

Property Insurance	$19,926		$0			$0		$0		$0		$0	$0	$0	$0	$0	$0	$0	$19,926 Landscape Maintenance Contract	$11,632	$11,632	$11,632	$11,632	$11,632	$11,632	$0	$0	$0	$0	$0	so	$69,791 Landscape Miscenaneous		$0		$0		$1,665		$0		$0		$0                       $0                       $0                       $0                        $0                        $0                       $0                        $1,665 Irrigation Syslemt'Mainlenance                           $1 .005                      $1,842                       $1,203                       $5,529                        $457                       $0                       so               so               $0                         $0                         $0                       $0                           $10   ,035 Irrigation Weis                                                                     $0                             $0                               so                    $0                              $0                        so               so               $0                         $0                         $0                        $0                       $0                                    so
Lakes/Fountains	S614	$614	$614	$864	$3,727	$1,521	$0	so	$0	so	$0	$0	$7,954
Lighting	$0	$0	$1,309	$0	$721	$0	$0	$0	$0	so	$0	so	$2,030
Miscellaneous		$0		$0		$0		$0		$0		$0	$0	$0	$0	$0	$0	$0	$0 Painting Public Areas		$0		$0		$0		$0		$0		$0	$0	$0	$0	$0	$0	$0	$0 TrafftcSignals	$196	$1,450	$1,416	$929	$196	$196                         $0                         $0                         $0                         $0                         $0                       $0                               $4,382
Sldewarks		$0		so		$0		$0		$0		so	$0	$0	$0	$0	$0	so	$0 Signage		$0		so		$0		so		$0		so	$0	$0	so	$0	$0	$0	$0 Trash Removal	$307	$308	$307	$304	$303	$304                        $0                        $0                        $0                        so               $0                        $0                                 $1,832
Electric	$3,719	$3,939	$3,984	$3,112	$4,054	$4,153	$0	$0	$0	$0	$0	$0	$22,961 WaterlSewer		$11		$12		$18		$18		$67		$13	$0	$0	$0	$0	$0	$0		$139 Security	$3,744	$3,571	$3,237	$3,649	$3,092	$2,418                      $0                      $0                      $0                       $0                       $0                      $0                       $19,711 Onslle  Management                                                    $12,300                  $12,300                     $12,300                     $12,300                   S12,300             $12,300                       $0                        $0                       $0                        $0                       $0                      $0                         $73,799

$0	$0	so	$234,307	$0	$0	so	$0	$0	$0	$0	so	$234 ,307	
 	S54 ,387	$36  603	$37  684	$272 , 644	$36 549	$32 536	$0	$0	$0	$0	$0	so	$47 0,403	

Mosquito Control	S935	S935	so	$0	so	so	so	$0	$0	so	$0	$0	S1 ,870
Transfer Out - Capital Reserve

Total Maintenance

S76 571	$43,353	$54	,426	$277 816	$46,749	         $36 031		$0 	$0	so	$0	$0	$0	S534 945	

Total Expenditures
Excess  Revenues  (Expenditures)	IH &1563)	$14,040	$445.252	(S257 1559 1	$67 ,447	26,369 )	$0	$0	so	so	$0	so	S166 , 249

5

ChampionsGate
Community Development District
LONG TERM DEBT REPORT

SERIES 1998A, CAPITAL IMPROVEMENT REVENUE BONDS	
INTEREST RATE:	6.25%	
MATURITY DATE:	5/1/2020	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,311,719	
RESERVE FUND BALANCE	$1,311,719	
BONDS OUTSTANDING - 9/30/13	$7,765,000	
LESS: PRINCIPAL PAYMENT 5/1/14	($915,000)	
LESS: PRINCIPAL PAYMENT 5/1/15	($970,000)	
LESS: PRINCIPAL PAYMENT 5/1/16	($1,035,000)	
LESS: SPECIAL CALL 5/1/16	($40,000)	
LESS: SPECIAL CALL 11/1/16	($75,000)	
LESS: PRINCIPAL PAYMENT 5/1/17	($1,075,000)	
LESS: SPECIAL CALL 5/1/17	($70,000)	
LESS: PRINCIPAL PAYMENT 5/1/18	($1,120,000)	
LESS: SPECIAL CALL 11/1/18	($25,000	
CURRENT BONDS OUTSTANDING	$2 440 000	

CHAMPIONS GATE

11/9/18
11/26/18
12/10/18
12/21/18
1/11/19
1/11/19
1/11/19
2/13/19
2/13/19
3/11/19

AOi AOi ACH ACH ACH ACH ACH ACH ACH ACH

$	8,249.22    $
$	162,315.78     $
$	1,299,138.77    $
$	184,546.52     $
$	55,306.39     $
$	3,681.92     $
$	$
$	$
$	$
$	$
$	$
$	$
$	$
$	$
$	$
$	$
$	$
$	$

403.79   $
6,492.42   $
51,965.60    $
6,565.38    $
1,659.24    $
102.72    $
$
21.91    $
8,050 .9 7  $
295.31    $
$
$
$
$
$
$
$
$

156.91    $
3,116.47    $

$	7,688.52   $
$    152,706.89   $
$1,222,229.71    $
$    174,421.51   $
$     52,574.21   $

2,750.66
54,632.68
437,267.03
62,401.34
18,809.04
1, 254.89
18 2.59
248.32
113,937.79
9,652.33

$	4,937.86 $

$ 98,074.21 $

7,688.52
152,706.89

24,943.46    $
3,559.63    $

$    784,962.68     $ 1,222,229.71
$   112,020.17    $   174,421.51

1,072.94    $
71.58   $
$
14 .17    $
6,499.46   $
550.61   $
$
$
$
$
$
$
$
$

510.36

$
$

3,507  .62  $
510 .36  $

$
$
$
$

33,765.17   $
2,252.73    $

3 27.77 $

730 .16
333,024.37
27,825.70

$

694.08 $

445.76

$ 318,473.94

s

$
$
$
$
$
$
$
$
$

26,979.78

$
$
$

$ 204,536.15 $

52,574.21
3,507.62
510 .36
694 .08
318,473.94
26,979 .78

$
$
$
$
$
$
$

$ 17,327.45
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

Totals

$	2,074,818.83 $ 75,557.34 $ 39,985.23 $

510.36     $1,959,786.62     $	701,136.67 $ 1,258,649.95 $ 1,959,786 .62

COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEI PTS · FV2019 TAX COLLECTOR
	Gross Assessments	$ 2,167,870	$	775,581	$ 1,392,289		
	Net Assessments	$ 2,037,797	$	729,046	$ 1,308,751		
				1998A		
Date		Gross Assessments	Discounts/	Commissions	Interest	Net Amount	General Fund	Debt Svc Fund	Total	
Received	Dist.	Received	Penalties	Paid	Income	Received	35.78%	64.22%	100%	

S EC.l	l ON 3

REBATE REPORT
ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series 1998B

Dated: December 1, 1998
Delivered: December 21, 1998

Rebate Report to the Computation Date December 20, 2018
Reflecting Activity To December 20, 2018

.i. ■■■ i
AMTEC

TABLE OF CONTENTS

AMTEC Opinion	3
Summary of Rebate Computations	4
Summary of Computational Information and Definitions	5
Methodology	7
Sources and Uses	8
Proof of Arbitrage Yield	9
Bond Debt Service	11
Arbitrage Rebate Calculation Detail Report - Bond Proceeds	13
Arbitrage Rebate Calculation Detail Report - Rebate Computation Credits	24

.-.! ..!.  American  Municipal Tax-Exempt Compliance

(T) 860-321-7521
(F) 860-321-7581
www.wnteccorp.com

 tl\AMTEC

90 Avon Meadow Lane

  	-	Avon , CT 06001

February 15, 2019

ChampionsGate Community Development District
c/o Ms. Teresa Viscarra
Governmental Management Services-CF, LLC 1412S Narcoossee Road
St. Cloud, FL 34771

Re: ChampionsGate Community Development District, Capital hnprovement Revenue Bonds,
$14,205,000 Series 1998A & $7,580,000 Series 1998B

Dear Ms. Viscarra:

AMTEC has prepared certain computations relating to the above referenced bond issue (the "Bonds") at the request of the ChampionsGate Community Development District (the "District").

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986 (the "Code"), as amended, and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Infonnation and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the infonnation furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of December 31, 2019. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

MichaelJ.Scarfo Senior Vice President

''];1;:[J
Trang M. Tran Analyst

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the December 20, 2018 Computation Date
Reflecting Activity from December 21, 1998 through December 20, 2018

Fund Description	Taxable Investment Yield	Net Income	Rebatable Arbitrage	
Bond Proceeds	3.630354%	$1,606,381.48	$(2,988,018.12)	

Summary	
Bond Yield	6.244929%	
Taxable Investment Yield	3.630354%	
Rebatable Arbitrage	$(2,988,018.12)	
Rebate Computation Credits	(47.540.55)	
Net Rebatable Arbitrage	$(3,035,558.67)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For the pUIJ)OSe of computing Rebatable Arbitrage, investment activity is reflected from December 21, 1998, the date of the closing, to December 20, 2018, the Computation Date. The activity from December 21, 1998 through November 30, 2009 was taken from the Grau & Associates rebate report dated May 13, 2010. All nonpUIJ)ose payments and receipts are future valued to the Computation Date of December 20, 2018.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of
_each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For pUIJ)OSes of computing Rebatable Arbitrage, interest earnings and yield, the value of investments, outstanding and subject to rebate at the end of the Computation Period, was as follows:

Reserve A Fund	Value	Accrued Interest	Totals	
-- Mone y Market	1.311,718.75	$215.63	i 1,311.934.38	
Totals	$1,311,718.75	$215.63	$1,311,934.38	

For investment cash flow, debt service and yield computation pUIJ)oses, all payments and receipts are assumed to be paid or received respectively, as shown on the attached sched ules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between December 1, 2009 and December 20, 2018, the District made periodic payments into the Interest, Sinking and Prepayment Funds that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1112th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Interest, Sinking and Prepayment Funds and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
December 20, 2018.

Computation Period
The period beginning on December 21, 1998, the date of the closing, and ending on December 20, 2018.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US ];3ank, Trustee, as follows:

Fund	Account Number	
Acquisition & Construction	6718041	
Revenue	6718013	
Interest	6718000	
Reserve A	6718012	
ReserveB	6718025	
Sinking	7913265	
Prepayment	6718065	

METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of December 20, 2018, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to December 20, 2018. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on December 20, 2018, is the Rebatable Arbitrage.

ChampionsGate Community Development District
Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series 1998B
Delivered: December 21, 1998

Sources of Funds

Par Amount	$21,785,000.00	
Ori!!inal Issue Discount	-206,817.75	
Accrued Interest	73.326.25	
Total	$21,651,508.50	

 	Uses of Funds	

Acquisition & Construction Fund	$16,659,417.09	
Costs of Issuance	145,000.00	
Capitalized Interest	2,232,891.41	
Underwriter's Discount	435,700.00	
1998A Reserve Account	1,420,500.00	
1998B Reserve Account	758.000.00	
Total	* $21,651,508.50	

* Our computed available proceeds, $21,651,508.50, is different from the prior consultant's starting balance of $21,680,791.50. We believe that they computed the incorrect original issue discount, resulting in a difference of $29,283. This difference is minimal and will not cause a liability to exist.

PROOF OF ARBITRAGE YIELD

ChampionsGate
Community Development District Capital Improvement Revenue Bonds
$14,205,000 Series 1998A
$7,580,000 Series I 998B

Date		

Debt Service	

Total	Present Value to 12121/1998  @ 6.2449291%	
	05/01/1999		549,946.88	549,946.88	537,869.24	
	I 1/01/1999		659,936.25	659,936.25	625,899.58	
	05/01/2000		659,936.25	659,936.25	606,947.85	
	I 1101/2000		659,936.25	659,936.25	588,569.96	
	05/01/2001		659,936.25	659,936.25	570,748.54	
	11/01/2001		659,936.25	659,936.25	553,466.74	
	05/0Jn002		659,936.25	659,936.25	536,708.22	
	I 110Jn002		659,936.25	659,936.25	520,457.13	
	05/01/2003		659,936.25	659,936.25	504,698.1 I	
	11/01/2003		659,936.25	659,936.25	489,416.26	
	05/01/2004		659,936.25	659,936.25	474,597.13	
	11/01/2004		659,936.25	659,936.25	460,226.72	
	05/01/2005		8,239,936.25	8,239,936.25	5,572,375.95	
	I 1/01/2005		443,906.25	443,906.25	291,108.26	
	05/01/2006		1,043,906.25	I ,043,906.25	663,852.34	
	11/01/2006		425,156.25	425, 156.25	262,183.45	
	05/01/2007		1,060,156.25	1,060, 156. 25	633,976.71	
	I 1/01/2007		405,312.50	405,312.50	235,039.1 I	
	05/01/2008		1,080,3I 2.50	1,080,312.50	607,499.96	
	I 1/01/2008		384,218.75	384,218.75	209,518.38	
	05/01/2009		l,l04 ,218.75	I ,104,218.75	583,909.32	
	11/01/2009		361,718.75	361,718.75	185,484.67	
	05/01/2010		1,1 26,718.75	1,126,718.75	560,272.42	
	I 1/01/2010		337,812.50	337,812.50	16 2,894.40	
	05/01/2011		1, 147,812.50	1 , 147 ,8 12.50	536,720.40	
	11/01/2011		312,5 00.00	312,500.00	141 ,70 1.32	
	05/01/2012		1 , 172,500.00	I,172,500.00	515 ,565. 01	
	11/01/2012		285,625.00	285,625.00	121,790.53	
	05101/2013		1,200,625.00	1,200,625.00	496,445.30	
	11101/2013		257,031.25	257,031.25	l03,061.55	
	05/01/2014		I,227,031.25	1, 227,031.25	477,104.02	
	11/01/2014		226,718. 75	226,718.75	85,485.33	
	05101/2015		1,261,718.75	1,261,718.75	461,331.85	
	11/01/2015		19 4,375.00	194 ,375. 00	68,918.85	
	05/01/2016		1,294,375.00	1, 294,375.00	445,045.52	
	11/01/2016		160,000.00	160,000.00	53,347.12	
	05/01/2017		I,325,000.00	1,3 25,000.00	428,404.11	
	I 1/0112017		123,593.75	123,593.75	38,750.83	
	05/01/2018		1,363,593.75	1,363 ,593.75	414,587.48	
	11/01/2018		84,843.75	84,843.75	25,014.84	
	05/0112019		1,399,843.75	1,399,843.75	400,224.97	
	11/01/2019		43,750.00	43,750.00	12,129.68	
	05/01/2020		I ,443,75 0 .0 0	1,443,750.00	388,159 .34	
			38,347,306.88	38,347,306.88	2I,65 1,508 .50	

PROOF OF ARBITRAGE YIELD

ChampionsGale
Community Development District Capital Improvement Revenue Bonds SI 4,205,000 Series 1998A  S7,580,000 Series I998B

Proceeds Summary

Series	Delivery Dale	
Par Value	Accrued
lnterest	Premium
(Discounl)	
Yield Target	
1998A	12/21/1998	14,205,000.00	49,322.92	-166,340.55	14,087,982.37	
1998B	12/21/1998	7,580,000.00	24,003.33	-40,477.20	7,563,526.13	
		21,785,000.00	73,326.25	-206,817.75	21,651,508.50	

Capitnl Improvement Revenue Bonds
Sl4,205,000 Series 1998A
$7,580,000 Series 19988

Period Ending	
Principal	
Coupon	
lnlerest	
Debt Service	Annual Debt Service	
05/01/1999			369,921.88	369,921.88	369,921.88	
11/01/1999			443,906.25	443,906.25		
05/01/2000			443,906.25	443,906.25	887,812.50	
I J/01/2000			443,906.25	443,906.25		
05/01/2001			443,906.25	443,906.25	887,812.50	
11/01/2001			443,906.25	443,906.25		
05/01/2002			443,906.25	443,906.25	887,812 .50	
I 1/01/2002			443,906.25	443,906.25		
05/01/2003			443,906.25	443,906.25	887,812.50	
11/01/2003			443,906.25	443,906.25		
05/01/2004			443,906.25	443,906.25	887,812.50	
11/01/2004			443,906.25	443,906.25		
05/01/2005			443,906.25	443,906.25	887,812.50	
I 1/01/2005			443,906.25	443,906.25		
05/01/2006	600,000	6.250%	443,906.25	1,043,906.25	1,487,8 I 2.50	
11/01/2006			425,156.25	425,156.25		
05/01/2007	635,000	6.250%	425,156.25	1,060,156.25	1,485,312.50	
11/01/2007			405,312.50	405,312.50		
05/01/2008	675,000	6.250%	405,312.50	1,080,312.50	1,485,625.00	
11/01/2008			384,218.75	384,218.75		
05/01/2009	720,000	6.250%	384,218.75	1,104,218.75	1,488,437.50	
11/0112009			361,718.75	361,718.75		
05/01/2010	765,000	6.250%	361,718.75	1,126,718.75	1,488,437.50	
11/01/2010			337,812.50	337,812.50		
05/01/2011	810,000	6.250%	337,812.50	1,147,812.50	1,485,625.00	
11/01/2011			312,500.00	312,500.00		
05/01/2012	860,000	6.250%	312,500.00	I,172,500.00	1,485,000.00	
11/01/2012			285,625.00	285,625.00		
05/01/2013	915,000	6.250%	285,625.00	1,200,625.00	1,486,250.00	
I 1/01/2013			257,031.25	257,031.25		
05/01/2014	970,000	6.250%	257,031.25	1,227,031.25	1,484,062.50	
11/01/2014			226,718.75	226,718.75		
05/01/2015	1,035,000	6.250%	226,718.75	1,261,718.75	1,488,437.50	
11/01/2015			194,375.00	194,375.00		
05/01/2016	1,100,000	6.250%	194,375.00	1,294,375.00	1,488,750.00	
11/01/2016			160,000.00	160,000.00		
05/01/2017	1,165,000	6.250%	160,000.00	1,325,000.00	1,485,000.00	
11/01/2017			123,593.75	123,593.75		
05/01/2018	1,240,000	6.250%	123,593.75	1,363,593.75	1,487,187.50	
11/01/2018			84,843.75	84,843.75		
05/01/2019	1,315,000	6.250%	84,843.75	1,399,843.75	J ,484,687.50	
11/01/2019			43,750.00	43,750.00		
05/01/2020	1,400,000	6.250%	43,750.00	1,443,750.00	1,487,500.00	
	14,205,000		13,789,921.88	27,994,921.88	27,994,921.88	

	Capital Improvement Revenue Bonds		
	$14,205,000 Series 1998A		
	S7,580-,000 Series 1998B		
	
Period		
Debt	Annual
Debt	
	Ending	Principal	Coupon	Interest	Service	Service	
	05/01/1999	180,025	180,025	180,025	
	11/01/1999	216,030	216,030		
	05/01/2000	216,030	216,030	432,060	
	11/01/2000	216,030	216,030		
	05/01/2001	216,030	216,030	432,060	
	11/01/2001	216,030	216,030		
	05/01/2002	216,030	216,030	432,060	
	11/01/2002	216,030	216,030		
	05/01/2003	216,030	216,030	432,060	
	11/01/2003	216,030	216,030		
	05/01/2004	216,030	216,030	432,060	
	11/01/2004	216,030	216,030		
	05/01/2005	7,580,000	5.700%	216,030	7,796,030	8,012,060	
		7,580,000	2,772,385	10 , 35 2,385	10,352,385	

DATE	
DESCRIPTION	RECEIPTS
(PAYMENTS)	BOND YIELD OF (6.244929%)	
12/21/98	Beg Bal	-21,680,791.50	-74,153,610.14	
12/21/98		127,000.00	434,371.06	
12/21/98		1,553,10.400	5,311,995.58	
12/21/98		435,700.00	1,490,200.57	
02/01/99		18,000.00	61,145.19	
02/02/99		5,011.00	17,019.23	
02/04/99		374,650.00	1,272,017.11	
02/23/99		339,962.00	1,150,503.85	
03/23/99		18,000.00	60,604.47	
04/01/99		677,689.00	2,278,605.35	
04/05/99		520,478.00	1,748,816.78	
04/30/99		34,995.00	117,082.86	
05/03/99		549,947.00	1,839,016.37	
05/04/99		49,685.00	166,117.68	
05/05/99		253.00	845.74	
05/07/99		44,941.00	150,179.53	
05/13/99		69,156.00	230,862.17	
05/25/99		590,824.00	1,968,297.85	
05/28/99		18,000.00	59,935.29	
06/01/99		65.00	216.32	
06/11/99		202,038.00	671,241.49	
06/23/99		178,108.00	590,525.89	
07/07/99		18,000.00	59,5 37.34	
07/14/99		-13,862.00	-45,795.58	
07/14/99		23,961.00	79,159.41	
07/21/99		61,269.00	202,171.12	
08/02/99		94,754.00	312,075.63	
08/04/99		2,208.00	7,269.64	
08/04/99		215,907.00	710,854.40	
08/20/99		-11,256.00	-36,958.22	
08/20/99		5,060.00	16,614.13	
08/30/99		3,986.00	13,065.39	
09/13/99		21,925.00	71,706.80	
09/21/99		425,056.00	1,388,268.25	
09/24/99		7,771.00	25,367.73	
10/01/99		21,925.00	71,486.66	
10/12/99		29,195.00	95,011.86	
10/14/99		-161.00	-523.78	
10/15/99		87,600.00	284,938.35	
10/19/99		406,536.00	1,321,444.94	
10/27/99		9,841.00	31,944.48	
11/01/99		38,697.00	125,527.00	
11/01/99		659,936.00	2,140,728.86	
11/12/99		1,187,475.00	3,844,751.59	
11/16/99		388,489.00	1,256,972.56	
11/19/99		24,945.00	80,669.25	
11/24/99		1,713,686.00	5,537,131.53	

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
12/07/99	38,091.00	122,803.73	
12/10/99	605,007.00	1,949,517.03	
12/14/99	2,635.00	8,484.97	
12/23/99	85,364.00	274,458.69	
12/30/99	294,835.00	946,808.12	
01/05/00	46,621.00	149,586.91	
01/24/00	399,304.00	1,277,044.87	
01/25/00	5,446.00	17,414.30	
01/25/00	154.00	492.44	
01/25/00	-5,600.00	-17,906.73	
01/26/00	156,348.00	499,857.78	
01/31/00	-69.00	-220 .45	
01/31/00	371,070.00	1,185,531.87	
02/01/00	162.00	517.49	
02/08/00	152,264.00	485,804.06	
02/09/00	27,896.00	88,988.04	
02/17/00	62,955.00	200,551.76	
03/13/00	536,237.00	1,700,686.30	
03/16/00	822,300.00	2,606,60.469	
03/29/00	9,612.00	30,401.45	
04/03/00	3.00	9.48	
04/06/00	539,219.00	1,703,438.15	
04/07/00	359,744.00	1,136,267.43	
04/14/00	19,537.00	61,634.74	
04/20/00	-3,026.00	-9,536.56	
05/01/00	659,936.00	2,075,909.33	
05/03/00	59,980.00	188,609.97	
05/10/00	18,235.00	57,272.31	
05/11/00	4,871.00	15,296.17	
05/19/00	168,628.00	528,811.54	
05/25/00	86,676.00	271,534.48	
06/08/00	53,978.00	168,724.64	
06/13/00	9,884.00	30,869.07	
06/14/00	336.00	1,049.19	
06/16/00	636.00	1,985.30	
06/23/00	350,222.00	1,091,923.89	
07/14/00	777,817.00	2,416,398.14	
07/17/00	4,820.00	14,966.34	
07/24/00	1,246.00	3,864.27	
07/31/00	37,877.00	117,349.08	
08/07/00	6,848.00	21,190.86	
08/11/00	3,117.00	9,638.84	
08/16/00	39,768.00	122,871.43	
08/25/00	598,930.00	1,847,674.85	
09/08/00	6,520.00	20,069.32	
09/13/00	21,999.00	67,657.68	
09/25/00	108,201.00	332,089.55	

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
10/03/00	44,677.00	136,935.00	
10/11/00	39,290.00	120,259.39	
10/17/00	49,109.00	150,159.55	
10/25/00	1,700.00	5,190.96	
11/01/00	659,936.00	2,013,052.48	
11/17/00	57,504.00	174,930.03	
11/22/00	78,571.00	238,812.84	
11/24/00	6,267.00	19,041.74	
12/07/00	248,304.00	752,776.99	
12/07/00	-18,316.00	-55,528.16	
12/15/00	10,718.00	32,449.12	
12/19/00	5,551.13	16,794.76	
12/19/00	-5,551.00	-16,794 .37	
01/04/01	57,529.00	173,606.69	
01/09/01	45,748.00	137,937.01	
01/18/01	24,320.00	73,215.77	
01/31/01	2,860.00	8,592.45	
02/15/01	125,838.00	377,09.420	
02/22/01	15,494.00	46,374.83	
02/28/01	12,747.00	38,113.75	
03/02/01	103,223.00	308,427.70	
03/15/01	12,958.00	38,632.29	
03/15/01	-1,055.00	-3,145.32	
03/28/01	6,729.00	20,016.98	
04/03/01	17,351.00	51,570.54	
04/03/01	-574.00	-1,706.04	
04/04/01	7,548.00	22,430.29	
04/05/01	21,280.00	63,226.69	
04/25/01	-584,288.00	-1,730,103.44	
04/26/01	58,004.00	171,723.16	
05/01/01	659,936.00	1,952,098.88	
05/02/01	16,032.00	47,414.76	
05/02/01	-1,823.00	-5,391.54	
05/10/01	40,100.00	118,434.08	
05/21/01	6,204.00	18,288.92	
05/23/01	2,000.00	5,893.83	
06/05/01	-1,574.00	-4,628.95	
06/07/01	6,038.00	17,750.98	
06/22/01	2,128.00	6,240.05	
06/25/01	8,540.00	25,029.48	
06/29/01	4,451.00	13,036.32	
07/03/01	-1,471.00	-4,305.40	
07/13/01	11,820.00	34,536.33	
07/31/01	-100,000.00	-291,338.27	
08/01/01	99,750.00	290,560.29	
08/03/01	-1,443.00	-4,201.86	
08/23/01	17,808.00	51,678.09	

	RECEIPTS	BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(6.24492%9)	

09/06/01	-1,402.00	-4,059.52
09/25/01	1,541.00	4,447.54
10/01/01	-1,136.00	-3,275.30
10/26/01	-526,586.00	-1,511,774.25
11/01/01	43,380.00	124,433.20
11/01/01	659,936.00	1,892,990.91
11/02/01	-962.00	-2,758.97
12/04/01	-103.00	-293.79
01/04/02	-90.00	-255.40
02/04/02	-100.00	-282.32
03/04/02	-77.00	-216.28
03/12/02	5,524.00	15,494.66
03/12/02	-5,524.00	-15,494.66
04/03/02	-79.00	-220.80
04/23/02	-631,942.00	-1,760,208.55
05/01/02	8,500.00	23,643.53
05/01/02	644,831.00	1,793,656.74
05/02/02	-1,649.00	-4,586.06
06/04/02	-52.00	-143.83
07/03/02	-52.00	-143.12
08/02/02	-277.00	-758.62
09/05/02	-123.00	-334.97
09/25/02	1,626.00	4,412.97
10/02/02	-277.00	-750.88
10/29/02	-620,498.00	-1,674,283.12
11/01/02	640,038.00	1,726,417.78
11/01/02	-1,626.00	-4,385.92
11/04/02	-289.00	-779.14
12/03/02	-443.00	-1,188.42
01/03/03	-548.00	-1,462.59
02/04/03	-524.00	-1,391.14
03/03/03	-5,673.00	-14,986.57
03/04/03	-488.00	-1,288.95
03/05/03	5,673 .oo	14,981.46
03/26/03	74,408.00	195,795.61
04/02/03	1,141.00	2,999.33
04/02/03	547.00	1,437.89
04/02/03	-554.00	-1,456.29
04/04/03	551.00	1,447.91
05/01/03	633,125.00	1,656,06.097
05/01/03	-626,095.00	-1,637,672.64
05/02/03	1,069.00	2,795.70
05/02/03	467.00	1,221.32
06/03/03	1,086.00	2,825.16
06/03/03	475.00	1,235.68
07/02/03	953.00	2,466.92
07/02/03	416.00	1,076.85

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
08/04/03	759.00	1,954.02	
08/04/03	332.00	854.72	
09/03/03	750.00	1,921.31	
09/03/03	328.00	840.25	
10/02/03	746.00	1,901.62	
10/02/03	326.00	831.00	
10/29/03	-601,507.00	-1,526,23.929	
11/03/03	612,035.00	1,551,891.89	
11/03/03	-10,511.00	-26,651.97	
11/04/03	756.00	1,916.61	
12/02/03	723.00	1,824.20	
12/02/03	316.00	797.30	
01/05/04	732.00	1,836.52	
01/05/04	320.00	802.85	
02/03/04	707.00	1,765.34	
02/03/04	309.00	771.56	
03/02/04	672.00	1,669.65	
03/02/04	293.00	727.99	
03/04/04	4,191.00	10,409.42	
04/02/04	727.00	1,797.07	
04/02/04	316.00	781.12	
05/03/04	50.00	122.94	
05/04/04	686.00	1,686.48	
05/04/04	298.00	732.61	
06/02/04	702.00	1,717.58	
06/02/04	304.00	743.80	
07/02/04	709.00	1,725.84	
07/02/04	307.00	747.30	
08/03/04	1,052.00	2,547.25	
08/03/04	457.00	1,106.55	
08/10/04	1,845.00	4,462.03	
09/02/04	1,262.00	3,040.63	
09/02/04	546.00	1,315.52	
09/15/04	184,475.00	443,483.06	
10/04/04	1,393.00	3,337.96	
10/04/04	501.00	1,200.52	
11/02/04	1,661.00	3,961.16	
11/02/04	503.00	1,199.56	
12/02/04	1,787.00	4,239.86	
12/02/04	541.00	1,283.58	
01/04/05	2,121.00	5,004.88	
01/04/05	642.00	1,514.92	
02/02/05	2,240.00	5,260.47	
02/02/05	678.00	1,592.23	
03/02/05	2,295.00	5,362.08	
03/02/05	695.00	1,623.81	
03/24/05	2,314.00	5,386.19	

FUTURE VALUE@
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.244929%)

03/28/05	29,776.00	69,260.91	
04/04/05	2,576.00	5,985.81	
04/04/05	773.00	1,796.21	
04/28/05	-539,611.00	-1,248,754.52	
05/02/05	539,611.00	1,247,901.57	
05/02/05	2,788.00	6,447.51	
05/02/05	781.00	1,806.14	
05/19/05	11,635.00	26,829.02	
06/01/05	3,125.00	7,191.15	
06/01/05	865.00	1,990.51	
07/01/05	3,093.00	7,081.13	
07/01/05	841.00	1,925.39	
08/01/05	3,442.00	7,839.85	
08/01/05	936.00	2,131.93	
09/01/05	3,710.00	8,407.09	
09/01/05	1,009.00	2,286.46	
09/06/05	135,740.00	307,332.48	
10/03/05	3,772.00	8,500.99	
10/03/05	724.00	1,631.68	
11/01/05	4,115.00	9,229.76	
11/01/05	726.00	1,628.38	
11/01/05	123.00	275.88	
12/01/05	4,218.00	9,412 .42	
12/01/05	744.00	1,660.23	
01/03/06	4,606.00	10,222.21	
01/03/06	812.00	1,802.09	
02/01/06	4,721.00	10,427.44	
02/01/06	833.00	1,839.88	
02/07/06	-3,142.00	-6,932.74	
03/01/06	4,485.00	9,855.55	
03/01/06	791.00	1,738.18	
03/03/06	-1,529.00	-3,358.75	
03/28/06	3,465.00	7,579.11	
03/28/06	-3,017.00	-6,599.19	
03/31/06	5,365.00	11,731.04	
04/03/06	5,066.00	11,071.58	
04/03/06	891.00	1,947.25	
05/01/06	5,125.00	11,147.08	
05/01/06	872.00	1,896.63	
05/01/06	495,069.00	1,076,794.65	
05/01/06	-487,354.00	-1,060,014.22	
06/01/06	5,459.00	11,812.85	
06/01/06	929.00	2,010.28	
07/03/06	5,417.00	11,658.07	
07/03/06	921.00	1,982.11	
07/27/06	3,923.00	8,408.25	
07/27/06	-2,368.00	-5,075.38	

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.244929%)

08/01/06	5,886.00	12,606.97	
08/01/06	999.00	2,139.72	
09/01/06	5,865.00	12,497.78	
09/01/06	982.00	2,092.55	
09/07/06	25.00	53.22	
09/07/06	4.00	8.51	
10/02/06	5,719.00	12,122.31	
10/02/06	957.00	2,028.51	
10/30/06	-467,114.00	-985,396.33	
11/01/06	5,934.00	12,515.88	
11/01/06	993.00	2,094.42	
11/01/06	469,521.00	990,304.82	
12/01/06	5,743.00	12,051.11	
12/01/06	961.00	2,016.56	
01/02/07	5,938.00	12,394.49	
01/02/07	994.00	2,074.79	
02/01/07	2,862.00	5,944.38	
02/01/07	479.00	994.88	
02/05/07	3,013.00	6,253.74	
02/05/07	504.00	1,046.09	
02/08/07	-466.00	-966.73	
03/02/07	5,285.00	10,918.99	
03/02/07	884.00	1,826.37	
04/03/07	5,863.00	12,049.18	
04/03/07	981.00	2,016.08	
05/01/07	193.00	394.75	
05/02/07	5,636.00	11,525.44	
05/02/07	943.00	1,928.40	
06/04/07	5,719.00	11,631.42	
06/04/07	957.00	1,946.37	
07/03/07	5,437.00	11,003.24	
07/03/07	910.00	1,841.63	
08/02/07	5,699.00	11,476.47	
08/02/07	954.00	1,921.14	
09/05/07	5,163.00	10,338.65	
09/05/07	864.00	1,730.12	
10/02/07	5,175.00	10,314.99	
10/02/07	866.00	1,726.14	
11/01/07	3.00	5.95	
11/02/07	5,429.00	10,765.96	
11/02/07	863.00	1,711.37	
12/03/07	936.00	1,846.33	
12/04/07	5,587.00	11,018.89	
01/03/08	5,775.00	11,333.39	
01/03/08	965.00	1,893.80	
02/04/08	5,398.00	10,537.58	
02/04/08	900.00	1,756.91	

FUTURE VALUE@
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.244929%)

03/04/08	4,175.00	8,108 .47	
03/04/08	696.00	1,351.74	
04/02/08	3,949.00	7,632.95	
04/02/08	658.00	1,271.84	
05/02/08	3,373.00	6,486.29	
05/02/08	562.00	1,080.73	
06/03/08	3,288.00	6,289.44	
06/03/08	548.00	1,048.24	
07/02/08	2,965.00	5,643.56	
07/02/08	494.00	940.28	
08/04/08	3,024.00	5,724.49	
08/04/08	504.00	954.08	
09/03/08	3,044.00	5,733.87	
09/03/08	507.00	955.02	
10/02/08	2,924.00	5,480.62	
10/02/08	488.00	914.69	
11/04/08	3,025.00	5,639.02	
11/04/08	504.00	939 .53	
11/06/08	49,463.00	92,174.39	
11/06/08	3,237.00	6,032.16	
12/02/08	2,671.00	4,955.36	
12/02/08	453.00	840 .43	
01/05/09	2,130.00	3,929.46	
01/05/09	363.00	669.67	
02/03/09	1,501.00	2,755.86	
02/03/09	256.00	470.02	
03/03/09	912.00	1,665.88	
03/03/09	155.00	283.13	
04/02/09	780.00	1,417.73	
04/02/09	133.00	241.74	
05/04/09	651.00	1,176.81	
05/04/09	111.00	200.65	
06/02/09	619.00	1,113.62	
06/02/09	105.00	188.90	
07/02/09	515.00	921.78	
07/02/09	88.00	157.51	
08/04/09	400.00	712.05	
08/04/09	68.00	121.05	
09/02/09	263.00	465.94	
09/02/09	45.00	79.72	
10/02/09	217.00	382.48	
10/02/09	37.00	65.21	
11/03/09	197.00	345.39	
11/03/09	34.00	59.61	
12/02/09	24.21	42.24	
12/02/09	142.15	247.99	
01/05/10	17.90	31.05	

20

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
01/05/10	105.10	182.33	
02/02/10	11.18	19.31	
02/02/10	65.63	113.33	
03/02/10	9.08	15.60	
03/02/10	53.31	91.59	
03/19/10	128,088.97	219,416.05	
04/02/10	8.30	14.19	
04/02/10	56.35	96.31	
05/04/10	5.05	8.58	
05/04/10	65.37	111.12	
05/13/10	8,327.16	14,133.43	
05/13/10	36,597.35	62,115.55	
05/13/10	69,813.68	118,492.59	
05/13/10	1,189,398.12	2,018,728.50	
06/02/10	2.65	4.48	
06/02/10	41.87	70.83	
07/02/10	13.54	22.79	
08/03/10	18.44	30.87	
09/02/10	25.53	42.53	
10/04/10	18.12	30.02	
11/02/10	16.20	26.71	
12/02/10	14.17	23.25	
01/04/11	12.35	20.15	
02/02/11	11.53	18.72	
03/02/11	9.14	14.77	
04/04/11	10.05	16.15	
05/03/11	8.10	12.95	
06/02/11	6.67	10.61	
07/05/11	9.38	14.84	
08/02/11	5.23	8.24	
09/02/11	5.20	8.15	
10/04/11	4.75	7.40	
11/02/11	6.14	9.52	
12/02/11	6.26	9.66	
01/04/12	4.84	7.43	
01/09/12	-98,143.26	-150,451 .64	
02/02/12	12.19	18 .61	
02/03/12	-24,531.89	-37,453.04	
03/02/12	16.19	24 .60	
04/03/12	18.79	28 .39	
04/30/12	-424,531.00	-638,574.16	
05/02/12	18.95	28.49	
05/29/12	-287,255.84	-429,951.47	
06/04/12	46.13	68.99	
07/03/12	65.72	97 .80	
07/30/12	-16,281.00	-24,116.06	
08/02/12	62.61	92.71	

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
09/05/12	53.64	78.98	
10/02/12	57.48	84.24	
11/02/12	62.51	91.15	
12/04/12	54.43	78.93	
01/03/13	39.72	57.32	
02/04/13	16.11	23.12	
03/04/13	16.37	23.38	
04/02/13	18.09	25.71	
05/02/13	17.44	24.66	
06/04/13	7.88	11.08	
06/12/13	-342,451.04	-480,925.82	
07/02/13	0.73	1.02	
09/04/13	1.20	1.66	
10/02/13	18.07	24.90	
11/04/13	18.68	25.60	
12/03/13	18.07	24.65	
01/03/14	18.67	25.33	
02/04/14	18.67	25.20	
03/04/14	16.87	22.65	
04/02/14	18.67	24.95	
05/02/14	18.07	24.03	
05/22/14	107.70	142.72	
06/03/14	18.67	24.69	
07/02/14	18.07	23.78	
08/04/14	18.67	24.44	
09/03/14	18.67	24.32	
10/02/14	18.07	23.42	
11/04/14	18.67	24.06	
12/02/14	18.07	23.18	
01/05/15	18.67	23.82	
02/03/15	18.67	23.70	
03/03/15	16.87	21.31	
04/02/15	18.67	23.46	
05/04/15	18.07	22.59	
06/02/15	19.75	24.57	
07/02/15	31.77	39.32	
08/04/15	38.52	47.41	
09/02/15	61.83	75.74	
10/02/15	61.27	74.67	
11/03/15	66.05	80.07	
12/02/15	75.53	91.11	
01/05/16	156.30	187.48	
02/02/16	259.47	309.81	
03/02/16	296.45	352.15	
04/04/16	354.20	418.46	
05/03/16	353.81	415.93	
06/02/16	354.17	414.30	

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
07/05/16		314.75	366.12	
08/02/16		251.94	291.71	
09/02/16		204.15	235.17	
10/04/16		112.47	128.85	
11/02/16		116.22	132.51	
12/02/16		112.47	127.58	
01/04/17		116.22	131.12	
02/02/17		171.05	192.05	
03/02/17		157.90	176.38	
04/04/17		174.81	194.21	
05/01/17		34,531.25	38,186.27	
05/02/17		221.81	245.25	
06/02/17		227.22	249.94	
07/05/17		219.89	240.52	
08/02/17		227.22	247.39	
09/05/17		227.22	246.00	
10/03/17		219.89	236.93	
11/02/17		227.22	243.62	
12/04/17		219.89	234.48	
01/03/18		227.22	241.10	
02/02/1/3		227.22	239.90	
03/02/18		205.23	215.58	
04/03/18		227.22	237.42	
05/02/18		273.03	283.87	
06/04/18		284.02	293.69	
07/03/18		274.86	282.81	
08/02/18		339.00	347.09	
09/05/18		340.83	347.00	
10/02/18		329.83	334.25	
11/01/18		25,937.50	26,155.51	
11/02/18		340.83	343.64	
12/04/18		323.44	324.33	
12/20/18	RF. A Balance	1,311,718.75	1,311,718.75	
12/20/18	RF A Accrual	215.63	215.63	
12/20/18	TOTALS:	1,606,381.48	-2,988,018.12	

ISSUE DATE:	12/21/98	REBATABLE ARBITRAGE:	-2,988,018.12	
COMP DATE:	12/20/18	NET INCOME:	1,606,381.48	
BOND YIELD: 6.244929%	TAX INV YIELD:	3.630354%	

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (6.244929%)	
12/20/99		-1,000.00	-3,216.81	
12/20/00		-1,000.00	-3,024.95	
12/20/01		-1,000.00	-2,844.54	
12/20/02		-1,000.00	-2,674.88	
12/20/03		-1,000.00	-2,515.35	
12/20/04		-1,000.00	-2,365.33	
12/20/05		-1,000.00	-2,224.26	
12/20/06		-1,000.00	-2,091.60	
12/20/07		-1,400.00	-2,753.60	
12/20/08		-1,430.00	-2,644.85	
12/20/09		-1,490.00	-2,591.47	
12/20/10		-1,500.00	-2,453.26	
12/20/11		-1,520.00	-2,337.70	
12/20/12		-1,550.00	-2,241.67	
12/20/13		-1,590.00	-2,162.37	
12/20/14		-1,620.00	-2,071.77	
12/20/15		-1,650.00	-1,984.28	
12/20/16		-1,650.00	-1,865.94	
12/20/17		-1,670.00	-1,775.92	
12/20/18		-1,700.00	-1,700.00	
12/20/18	TOTALS:	-26,770.00	-47,540.55	

ISSUE DATE: COMP DATE:

12/21/98	REBATABLE ARBITRAGE:	-47,540.55
12/20/18

BOND YIELD: 6.244929%