ChampionsGate Community Development District

Agenda February 10, 2020

Champions Gate
Community Development District

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

February 3, 2020

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, February 10, 2020 at 2:00 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
Approval of Minutes of the December 9, 2019 Meeting
Review and Acceptance of Draft Fiscal Year 2019 Audit Report
Consideration of Data Sharing and Usage Agreement with the Osceola County Property Appraiser
Consideration of Proposals/ Agreements
Sidewalk Repairs on Masters and Legends
Ditch Cleaning Services
Staff Reports
Attorney
Engineer
District Manager's Report
1.	Approval of Check Register
ii.	Balance Sheet and Income Statement
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 the approval of the minutes of the December 9, 2019 meeting. The minutes are enclosed for your review.

The fourth order of business is the review and acceptance of the draft Fiscal Year 2019 audit report. A copy of the report is enclosed for your review.

The fifth order of business is the consideration of the Data Sharing and Usage agreement with the Osceola County Property Appraiser. A copy of the agreement is enclosed for your review.

The sixth order of business is the consideration of proposals/ agreements. The proposals will be provided under separate cover.

The seventh 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.

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

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

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 Monday, December 9, 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:

Lee Dawson Darin Tennyson Elizabeth Allen
Also present were: George Flint
Scott Clark
Mark Vincutonis Yvonne Shouey Teresa Viscarra

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary

District Manager District Counsel District Engineer RIDA Development OMS

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Yansik asked can we get someone to look at the fire ants? There are half dozen mounds on Masters, a couple on ChampionsGate.
Ms. Shouey stated they treat for fire ants almost every day. I will tell them.
Mr. Yansik stated they did a lot better on the road; it looks a whole lot better than it was.
It doesn't seem to be as wavy when you drive on it.
I sent an email to the sheriff about lack of enforcement here for trucks. We got a little activity because I saw three or four sheriffs cars last week and an unmarked car. Maybe if we put more pressure on them, we will get more enforcement.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Phillip Montalvo

On MOTION by Mr. Dawson seconded by Ms. Allen with all in favor Phillip Montalvo's resignation was accepted.

Review of Resumes/Letters of Interest
Mr. Flint stated we received four letters of interest, two of which are in your agenda package and I handed out two that came in subsequent to the book going out. When there is a vacancy on the Board the remaining Board members appoint a replacement to the end of the term of that seat. Phil's seat expires November 2020. There is one of the four here and it is up to the Board if you want to allow him to make a statement or ask him questions.

Appointment of Individual to Fill the Board Vacancy with a Term Ending November 2020

On MOTION by Mr. Dawson seconded by Mr. Tennyson  with all in favor Wesley Holland was appointed to fill the unexpired term of office.

Administration of Oath of Office to Newly Appointed Board Member
Mr. Flint stated I will notify Dr. Holland and administer his Oath of Office at the next meeting.

Consideration of Resolution 2020-01 Electing Officers
Mr. Flint stated Mr. Montalvo was the Chair, Darin is Vice Chair, Ariel Lovera is the Treasurer, Yvonne is an Assistant Treasurer, I am the Secretary and typically the three Board members who are not Chair or Vice Chair are Assistant Secretaries.

On MOTION by Ms. Allen seconded by Mr. Tennyson with all in favor Resolution 2020-01 was approved reflecting the following officers: Mr. Dawson Chairman, Mr. Tennyson Vice Chair, Ms. Allen, Dr. Holland and Mr. Rockefeller Assistant Secretaries, Mr. Flint Secretary, Mr. Lovera Treasurer and Ms. Shouey Assistant Treasurer.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the September 17,
2019 Meeting

On MOTION by Mr. Tennyson seconded by Ms. Allen with all in favor the minutes of the September 17, 2019 meeting were approved as presented.

FIFTH  ORDER OF BUSINESS	Discussion Items A	Masters Boulevard Overlay Project
Mr. Vincutonis stated at the last meeting we talked about getting the results of the Geotech report and they found 28 locations that did not pass the DOT requirements of  3/8". They made a recommendation to repair each of those areas 50 feet either side of it. Marc, Yvonne and I met with AAA onsite and they agreed to do everything the report outlined at their cost. The work was done Friday and over the weekend. I have driven it a couple times and it feels pretty good. You feel the seams as expected but I think overall the job was done satisfactorily. At this point we just need to determine how much you want to pay. The speed humps aren't done and striping is done, a couple valve cans need to be raised. We talked to them about those items when we met but those items have been lagging after the bulk of the work was done. We will follow-up with them and see when they will do those. At this point I would think we should pay 85% or 90%. It can be 90% and retain 10% until the job is complete.
Ms. Allen asked how do we measure the quality of the work they just did to bring it into specification?
Mr. Vincutonis stated you would have to do another rolling straight edge test on the new
areas.
Ms. Allen stated then you are comfortable with the work they did compared to the way it
was before.
Mr. Dawson stated it drives better as well.
Ms. Shouey stated they are paying for the report. I doubt if we can get them to pay for another report as well.
Mr. Vincutonis stated the contract with Universal was between the Board and them for that study.
Mr. Dawson asked is it appropriate to hold back $4,000?
Mr. Clark stated since the test resulted in showing a deficiency then it is appropriate to ask them to pay for it.
Mr. Flint stated we can hold out 10% plus the cost of the Geotech.

On MOTION by Mr. Dawson seconded by Mr. Tennyson with all in favor staff was authorized to pay 90% less the cost of the Geotech.

Speed Humps on Legends Boulevard
Mr. Flint stated there was discussion at the last meeting about whether the existing speed humps on Masters could be saved and potentially reinstalled on Legends.
Ms. Shouey stated they couldn't be saved. They tried to pull them up and they were disintegrating.
Mr. Flint stated I don't know the lifespan on those rubbers ones but to go to the expense ofreinstalling something that is close to the end of its life probably doesn't make a lot of sense.
Mr. Dawson asked how much are they?
Mr. Vincutonis stated probably $4,000, the rubber ones are more expensive than asphalt.
Mr. Flint stated you have to add in the striping and signage costs and it depends on if you want to use the decorative pole or a U channel galvanized pole. The decorative poles are $1,000 each. Does the Board want us to get pricing on new speed humps or just defer it?
Mr. Tennyson stated Legends is all we are talking about.
Mr. Flint asked did the Board make a decision on the location of the proposed speed humps?
Mr. Dawson stated I propose that whatever the distance of the speed hump is to the Masters Boulevard crosswalk would be the same distance.
Mr. Vincutonis stated it is usually 100 feet from the intersection. On Legends you have left turn lanes so you want to keep them out of the left tum lanes so just prior to the left tum lane is where you would want to put it.
Mr. Flint stated I think you would want to look at the Engineer for the recommendation on that. Fausnight is good. We will get prices then the Board can decide what you want to do.
Mr. Vincutonis stated you are looking at potentially four; one as you get past the entrance into the realty office, one at the beginning of the left tum lane, and potentially one or two on the southbound side.
Mr. Flint stated I think the main concern is the intersection at Links, north and south. I don't know that we need to do traffic calming on the entire stretch, just near that intersection for pedestrian safety.

Status of Laura Lane Sidewalk Installation Project

Ms. Shouey stated this is for a six foot pedestrian boardwalk and the price is $127,000; to do an eight foot is $138,000 and the price to finish that up to go to South Goodman Road  and it is $27,000 to finish the curb, sidewalk and provide handrails on that side so for a 6 foot it is
$127,000 plus $27,000 and for an eight foot pedestrian boardwalk it is $138,000 plus $27,000.
Ms. Allen asked what is the recommendation?
Mr. Vincutonis stated staying on the north side is fine, the property ownership was an issue and you also avoid those drives. You have a crosswalk  at Legends  to get people  to that side and on the other end by the 7-11 there is sidewalk on both sides and ramps on both sides we can tie into.
Ms. Shouey stated they propose to do ADA on both ends of the sidewalk.
Ms. Allen asked what is the lifespan of this compared to concrete? What is the ongoing maintenance for something like this?
Ms. Shouey stated we have this on the golf course and they pressure treat and stain them every year. We have had ours up there for 13 years.
Mr. Flint stated there is going to be additional maintenance on it and probably every 10 to 15 years you need to replace some of the boards and railings. The expense will be higher over time.
Mr. Vincutonis stated fortunately this boardwalk is in the sun and it will tend to last a
little longer.
Ms. Shouey stated this is going to have to be done quickly because this is pricing off golf time because they all do golf courses.
Mr. Flint stated if the Board is amenable we would like District Counsel to draft an agreement and in the agreement you likely would want a provision that it would be ADA compliant.
Mr. Clark stated find out when they can start and how long they need from there and I  will prepare an agreement for that.

On MOTION by Mr. Dawson seconded by Ms. Allen with all in favor District Counsel was authorized to draft an agreement for the construction of a 6-foot wide pedestrian boardwalk in the amount of
$127,000 along with the sidewalk in the amount of $27,000 as outlined in the proposal and the Chair was authorized to put a timeframe in but not as a requirement.

SIXTH ORDER OF BUSINESS	Consideration of Proposals
Mulch Installation on Boulevards
Mr. Flint stated the first proposal is for mulch on the boulevard.

On MOTION by Ms. Allen seconded by Mr. Tennyson with all in favor the installation of mulch by Weber Services in the amount of
$22,500 was approved.

Sidewalk Work
This item deferred, but if there are areas that are a safety concern staff with approval of the Chair, will have those areas repaired/replaced.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2020-02
Amending the Fiscal Year 2019 Budget
Mr. Flint stated if the actual expenses exceed the total budget the Board is required to amend the budget at the end of the year. This is truing up the actuals to the budget numbers. We have identified an additional $16,847 in maintenance assessments on the revenue side and recognized an additional $243,000 in beginning fund balance. We have the full amount in there, but we are showing a projected ending fund balance of $219,000 so we didn't have to use the actual cash from the beginning fund balance, but we have recognized it here for purposes of the budget amendment. Your administrative costs are going up by about $18,000 and the maintenance costs are going up by about $22,000 and the revenue is increasing by $16,900 so we are using some of the fund balance to cover that projected increase.

On MOTION by Ms. Allen seconded by Mr. Tennyson with all in favor Resolution 2020-02 was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	First	Amendment	to
Landscape Maintenance Services Agreement with Weber Environmental Service, Inc.
Mr. Flint stated this extends the agreement an additional 12 months with all the other terms and conditions remaining the same and they have held their price. It does have a 30-day termination provision without cause so if for some reason the Board decided as a result of performance or otherwise you can get out of it even though you are extending it 12 months.

On MOTION by Mr. Tennyson seconded by Mr. Dawson with all  in favor the first amendment to the landscape maintenance services agreement with Weber Environmental Service, Inc. to extend the contract to September 30, 2020 was approved.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Clark asked where did we end up with our sign company issue? Ms. Shouey stated they are finished and they look 100% better.
Mr. Clark stated if we are finished and think it is going to finally be over then we need to close out the contract, we need to financially try to figure out if we are going to pay them the balance. Since the Board has previously taken action not to pay them, I would like the Board to give the manager direction if you want to go ahead and pay the contractor.
Ms. Allen asked this is the final bill, correct?
Mr. Tennyson stated $76,635.
Mr. Dawson stated that is the agreed upon amount in the first place.

On MOTION by Ms. Allen seconded by Mr. Dawson with all in favor the final payment to Poblocki of $76,635 was approved.

Engineer
There being none, the next item followed.

Manager
Ms. Allen stated I do see on the check register security was $1,250 every two weeks.
Ms. Viscarra stated it depends on the billing cycle and the rates on holidays are higher so the amount will vary. Maurice's are fixed.
Ms. Allen asked if they are getting pulled off to go to Lennar, is this an expense we still want to bear?
Ms. Shouey stated no, I don't think it is worth it. They  have not made one arrest, they  had some verbals.
Mr. Dawson stated I don't see why we have to pay for something that by rights we should get for our taxes.

Mr. Flint stated in the near term if you don't believe there is benefit to it then a motion to terminate the agreement would be in order.
Ms. Shouey stated there is a traffic guy at the county that could help us.
Ms. Allen stated if they are getting pulled off the job to go somewhere else and don't subtract when they are not here then I don't see what we are paying them for.
Mr. Vincutonis stated if they get a call they have to go.
Ms. Allen stated even though we are paying there is no guarantee that they are going to stay here.
Mr. Dawson stated with Maurice around as often as he is at least there is some coverage.
Ms. Shouey stated maybe we could get him to do a few nights.
Ms. Viscarra stated if you decide to terminate the agreement with the county Officer Maurice's rate is $2,60 per month and in a year that is $31,680 and we budget about $57,000 so we have some wiggle room if wanted to add certain nights ifhe is willing to do it.
Ms. Shouey stated I think he would get some of his buddies out here.

On MOTION by Ms. Allen seconded by Mr. Tennyson with all in favor the agreement with the Osceola County Sheriffs Department for security detail was terminated.

Ms. Shouey stated We talked at the last meeting about the traffic controls that had to be rebuilt and redone and I had the prices in there to do it last time and we said we would talk about it this time. The lights need a lot of new parts, they have been up there since 2001.
Mr. Flint stated there are not a lot of companies that do this and we have been working with Traffic Engineering Management.
Ms. Allen asked is the quote still good because it is dated April 5th and it is good for 90 days? Do we need a new quote?
Ms. Shouey stated no.
Mr. Flint stated see if you can get a second quote and if not the Chair would  be authorized to approved this proposal.

On MOTION by Mr. Dawson seconded by Ms. Allen with all in favor an amount not to exceed $----------- was approved for the rebuild of the signal at Legends and at Masters.

Approval of Check Register
Mr. Flint presented the check register from September 10, 2019 through December 2, 2019 in the amount of $138,829.97.

On MOTION by Mr. Tennyson seconded by Mr. Dawson with all  in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.
No Board action was required.

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

ELEVENTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Tennyson stated we replanted the shrubbery in the front. Are they going to trim that as soon as it takes root?
Ms. Shouey responded yes, I want to get it above the top of the fence.
Ms. Allen stated I sit on the clubhouse and grounds for the master board and we  discussed your recommendation to get the work done on the sign across from White Shark Boulevard to spruce up that area. Getting quotes on that should be done soon.
Ms. Shouey stated I noticed on Legends your landscaping is terrible.
Ms. Allen stated it is but that is on the docket and we have quotes coming in.

TWELFTH ORDER OF BUSINESS	Audience Comments
A resident asked why were all the streetlights on, on Masters and ChampionsGate from 9:00 a.m.?
Mr. Shouey responded they guy was here working on them.

On MOTION by Mr. Dawson seconded by Ms. Allen with all in favor the meeting adjourned at 3:23 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

(·

S ECT-I ON IV

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT
OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

DRAFT

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT
MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to Financial Statements

Page 1-2
3-6

7
8

9

10

11

12
13-21

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund	22
Notes to Required Supplementary Information	23
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	24-25
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL
OF THE STATE OF FLORIDA	27-28

DRAFf

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors
ChampionsGate Community Development District Osceola County, Florida

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of ChampionsGate Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2019, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

DRAFT

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated .
g°QgQ, on our consideration of the District's internal control over financial reporting and on	0 test-s oflts
our
compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

DO<XXXXX, 2020

MANAGEMENT'S DISCUSSION AND ANALYSIS

Our discussion and analysis of ChampionsGate Community Development District, Osceola County, Florida ("District") provides a narrative overview of the District's financial activities for the fiscal year ended September 30, 2019. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $5,673,166.

The change in the District's total net position in comparison with the prior fiscal year was
$581,664, an increase. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2019, the District's governmental funds reported combined ending fund balances of $1,027,947, a decrease of ($1,551,735) in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, assigned to capital reserves and the remainder is unassigned fund balance which is available for spending at the District's discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District's financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and physical environment functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives.  The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS {Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

Key components of the District's net position are reflected in the following table:

NET POSITION SEPTEMBER 30,
	 	2019	2018		
Current and other assets	$	1,406,314    $	2,617,201	
Capital assets, net of depreciation	4,645,219	5,030,597	
Total assets	 	6,051,533	7,647,798	
Current liabilities	378,367	101,712	
Long-term liabilities	2,454,584	
Total liabilities	 	378,367	2,556,296	
Net position		
Net in-.estment in capital assets	4,645,219	2,576,013	
Restricted	1,814,180	
Unrestricted	 	1,027,947	701,309	
Total net position	$	5,673,166     $	5,091,502	
The District's net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure): less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District's net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District's other obligations.

The District's net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.

Key elements of the change in net position are reflected in the following table:

CHANGES  IN NET POSmON
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
Re110nues:	 2019	2018	
Program re110nues
Charges for services	$	2,066,562   $	2,062,692	
Operating grants and contributions	4,894	4,933	
Unrestricted in110stment earnings	 	12,262	340	
Total rewnues	    2,083,718	2,067,965	
Expenses:		
General go-.emment	142,753	127,387	
Physical em.ironment	1,259,797	979,766	
Interest	 	99,504	201,150	
Total expenses	1,502,054	1,308,303	
Change in net position	581,664	759,662	
Net position - beginning	5,091,502	4,331,840	
Net position - ending	$      5,673,166    $	5,091,502	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2019 was $1,502,054. The costs of the District's activities were primarily funded by program revenues. Program revenues, which were comprised of special assessments, increased from the prior fiscal year as a result of an increase in excess fees and interest income. Expenses increased as a result of the paving project during the current fiscal year.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2019, the District had $14,822,206 invested in capital assets for its governmental activities. In the government-wide financial statements, depreciation of $10,176,987 has been taken, which resulted in a net book value of $4,645,219. More detailed information about the District's capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2019, the District had $0 in Bonds outstanding as the remaining balance was paid off in the current year. More detailed information about the District's capital debt is presented in the notes of the financial statements.

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the ChampionsGate Community Development District's Finance Department at 1408 Hamlin Avenue, Unit E, St. Cloud, Florida, 34771.

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2019

	Governmental
 Activities		
ASSETS
Cash	
$	514,524	
Investments	841,365	
Assessments receivable	14,309	
Prepaids	36,116	
Capital assets:		
Nondepreciable	1,771,447	
Depreciable, net	2,873,772	
Total assets	    6,051,533	
LIABILITIES		
Accounts payable	378,367	
Total liabilities	378,367	
NET POSITION		
Net investment in capital assets	4,645,219	
Unrestricted	1,027,947	
Total net position	$ 5,673,166	

See notes to the financial statements

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Net (Expense) Revenue and Changes in Net
 	Program Revenues	Position	 Operating

Charges for

Grants and

Governmental

Functions/Pr ograms Primary government:
Governmental activities:

Expenses

Services	Contributions	Activities	

General government Physical environment Interest on long-term debt
Total governmental activities

$	142,753	$	142,753	$	$
1,259,797	605,774	(654,023)
 	99,504	1,318,035	4,894	1,223,425 
 	1,502,054	2,066,562	4,894	569,402 

General revenues:
Unrestricted investment earnings	 	12,262 
Total general revenues	 	12,262 

Change in net position	581,664	
Net position - beginning	5,091,502	
Net position - ending	   $	5,673,166 	

DRAFT

See notes to the financial statements

8

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2019

Major Funds	Total
Capital	Governmental

ASSETS		
Cash	$	191,723	$	$	322,801	$	514,524	
Investments		841,365	841,365	
Assessments receivable	14,309		14,309	
Prepaids	36,116		36,116	

 General	Debt Service	Projects	Funds	

Total assets	$ 	242,148	$	$  1,164,166	$	1,406,314 LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$ 	17,578	$	$	360,789	$	378,367
Total liabilities	 	17,578	360,789	378,367

Fund balances:
Nonspendable:
Prepaid items	36,116	36,116 Assigned to:
Capital reserves		803,377	803,377	
Unassigned	188,454		188,454	
Total fund balances		 	224,570			803,377		1,027,947 Total liabilities and fund balances	$		242,148	$	$ 1,164,166	$	1,406,314 

RECONCILIATION OF THE BALANCE SHEET-GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2019

Fund balance - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of accumulated depreciation, in the assets of the government as a whole.
Cost of capital assets

14,822,206

$	1,027,947

Accumulated depreciation

Net position of governmental activities

(10,176,987)	4,645,219
$	5,673,166

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Major Funds	Total
Capital	Governmental
	 	General	Debt Service	Projects	Funds		
REVENUES
Assessments	
$	748,527	$  1,318,035	$	$ 2,066,562	
Interest	 	83	4,894	12,179	17,156 	
Total revenues	 	748,610	1,322,929	12,179	2,083,718 	

EXPENDITURES

General government	142,753			142,753	
Physical environment	484,992			484,992	
Debt service:
Principal		
2,465,000		
2,465,000	
Interest		153,281		153,281	
Capital Outlay			389,427	389,427	

Current:

Total expenditures	 	627,745	2,618,281	389,427	3,635,453 Excess (deficiency) of revenues
over (under) expenditures	120,865	(1,295,352)	(377,248)	(1,551,735)

OTHER FINANCING SOURCES (USES)
Transfer in/out	{239,825}	{583 ,021 }	822,846
Total other financing sources (uses)	 	(239,825} 	(583,021 ) 	822,846	

Net change in fund balances	(118,960)	(1,878,373)	445,598	(1,551,735)

Fund balances - beginning	 		343,530		1,878,373		357,779		2,579,682 Fund balances - ending	 	$	224,570	$		$	803,377	$ 1,027,947 

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities

$(1,551,735)

are different because:		
Depreciation on capital assets is not recognized in the governmental fund financial statements but is reported as an expense in the		
statement of activities.	(385,378)	
Repayments of long-term liabilities are reported as expenditures in the governmental  fund  financial  statements  but such  repayments reduce
liabilities  in  the  statement  of  net  position  and  are eliminated  in the		
statement of activities.	2,465,000	
Governmental funds report the effect of premiums, discounts, and sinilar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities.
Amortization of original issue discount	

(10,416)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement  of activities but not in the governmental fund financial statements.	

 	64,193 	
Change in net position of governmental activities	$	581,664	

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

ChampionsGate Community Development District (the "District") was created by Osceola County Ordinance 98-10 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes in August 1998. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operations of the infrastructure within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. At the fiscal year end, all seats were elected through the general election process. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB'') Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 • SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating­ type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on  November  1  and  due  on  or  before  March  31  of  each  year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District as well as for capital reserves.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Depositsand Investments
The District's cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration's ("SBA") Local Government Surplus Funds Trust Fund ("Florida PRIME") is a"2a-7 like" pool. A "2a-7 like" pool is an external investment pool that is not registered with the Securities and Exchange Commission ("SEC") as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC's Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Assets, Liabilities and Net Position or Equity (Continued )

Capital Assets (Continued )
Capital assets of the District are depreciated using the straight-line method over the following estimated useful lives:

Infrastructure
Improvements other than buildings Machinery and equipment

Years
20-30
10 -15
5-10

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources , represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance - Amounts that can be used only for the specific purposes determined by a fom1al action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same fom1al action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assets, Liabilities and Net Position or Equity {Continued)

Fund Equity/Net Position (Continued)

Assigned fund balance - Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3-BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 • DEPOSITS AND INVESTMENTS

Deposits
The District's cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District's investments were held as follows at September 30, 2019:

    Amortized Cost	Credit Risk	Maturities	
Weighted awrage of the fund

Florida Prime	 	841,365	S&PAAAm
$	841,365

portfolio: 37 days

Credit risk - For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk - The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk- The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement - When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

For external investment pools that qualify to be measured at amortized cost, the pool's participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District's investments have been reported at amortized cost above.

NOTE 4 - DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)

External Investment Pool - With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that "The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days." With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2019, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant's daily access to 100% of their account value.

NOTE 5 - INTERFUND TRANSFERS

lnterfund transfers for the fiscal year ended September 30, 2019 were as follows:

Fund	Transfer in	Transfer out 
General	$	$	239,825	
Debt sel'IACe	583,021	
Capital projects	 	822,846		
Total	$ 	822,846	$	822,846	

Transfers from the general fund to the capital projects fund were made in order to fund capital reserves for future maintenance projects. Transfers from debt service to capital projects is to move the remaining funds held in the trust estate after the Bonds were paid off to fund capital reserves. Transfer was made in accordance with the Bond Indenture.

NOTE 6 - CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2019 was as follows:

Go-.emmental actilAties
Capital assets, not being depreciated	Beginning	Ending
 	Balance	Additions	Reductions	Balance		
Land	 	$	1,771,447    $	$	$	1,771,447	
Total capital assets, not being depreciated	      1,771,447	1,771,447	
Capital assets, being depreciated		
Infrastructure	10,639,240	10,639,240	
lmprowments other than buildings	2,362,194	2,362,194	
Machinery and equipment	49,325	49,325	
Total capital assets, being depreciated	 	  13,050,759 	13,050,759	
Less accumulated depreciation for.		
Infrastructure	7,451,034	377,495	7,828,529	
Improvements other than buildings	2,291,250	7,883	2,299,133	
Machinery and equipment	49,325	49,325	
Total accumulated depreciation	9,791,609	385 378	10,176,987	
Total capital assets, being depreciated, net	3,259,150	(385,378)	2,873,772	
Governmental acti\ities capital assets, net	 	$	5,030,597	$	p85,378l    $	$	4,645,219	

Depreciation expense was charged to the physical environment function.

NOTE 7 - LONG TERM LIABILITIES

In December 1998, the District issued $21,785,000 of Special Assessment Revenue Bonds, Series 1998, consisting of $14,205,000 Term Bonds, Series 1998A, due May 1, 2020 with a fixed interest rate of 6.25% and $7,580,000 Term Bonds, Series 19988, due May 1, 2005 with a fixed interest rate of 5.70%. The Series 19988 Bonds maturity date was amended in March 2005 extending the maturity to May 1, 2010. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Series 1998A Bonds is to be paid serially commencing May 1, 2002 through May 1, 2020 and the principal on the Series 19988 Bonds was paid in one lump sum payment on May 1, 2010. The Bonds were paid off during the current fiscal year.

The Series 1998A Bonds are subject to redemption at the option of the District as set forth in the Bond Indenture. The Series 1998 Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the year, as the District utilized funds from the reserve and prepayment trust accounts and prepaid $1,270,000 of the Series 1998 Bonds.

Changes in long-term liability activity for the fiscal year ended September 30, 2019 were as follows:

Beginning	Ending	Due Within
Balance	Additions	Reductions	Balance	One Year	
gi,:emweotal acti lies

Series 1998A	$   2,465,000    $	$	2,465,000    $	$
Less original issue discount	10,416	10,416  	
   $   2,454,584    $	$	2,454,584    $	$	

NOTE 8 - CONCENTRATION

A significant portion of the District's activity is dependent upon the continued involvement of Lennar Homes, a major landowner, the loss of which could have a material adverse effect on the District's operations.

NOTE9-MANAGEMENTCOMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL-  GENERAL  FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Variance with Final Budget-
Budgeted	Positive
Original & Final  Actual Amounts	(Negative)

REVENUES
Assessments	$	731,679	$	748,527	$	16,848
Interest	 	83	83
Total revenues	 	731,679		748,610 		16,931

EXPENDITURES
Current:
General government	106,089	142,753	(36,664)	
Physical environment	491,283	484,992	6,291	
Total expenditures	 	597,372	627,745		(30,373)	
Excess (deficiency) of revenues over (under) expenditures	
 	134,307	120,865		
(13,442)	

OTI-lER FINANCING SOURCES (USES)
Carryforward surplus	100,000			(100,000)	
Transfer out	(234,307)	(239,825)		(5,518)	
Total other financing sources (uses)	(134,307)  		(239,825 )	 		(105,518)	

Net change in fund balance	$ 				(118,960)     $	(118,960) Fund balance  - beginning		 			343,530
Fund balance - ending	 $	224,570 

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

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

To the Board of Supervisors
ChampionsGate Community Development District Osceola County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of ChampionsGate Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued
our opinion thereon dated OCXXXXXX, 2020.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
ChampionsGate Community Development District Osceola County, Florida

We have examined ChampionsGate Community Development District, Osceola County, Florida's ("District") compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2019. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2019.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of ChampionsGate Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
ChampionsGate Community Development District Osceola County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of ChampionsGate Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and have issued our report thereon dated i)(){)()()()()(, 2020.
Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant's Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated XXXXXX, 2020, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Ill. Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of ChampionsGate Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank ChampionsGate Community Development District, Osceola County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

Ill. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL  OF  THE  STATE  OF FLORIDA

Unless otherwise required to be reported in the auditor's report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective  actions  have  been  taken to  address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2018.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2019.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial  statements  that  is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2019.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2019. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

.·	S	ECTION V

Champions Gate CDD

This Data Sharing And Usage Agreement, hereafter referred to as "Agreement," establishes the terms and conditions under which the Champions Gate CDD, hereafter referred to as agency, can acquire and use Osceola County Property Appraiser (OCPA) data that is exempt from Public Records disclosure as defined in FS 119.071.
The confidentiality of personal identifying and location information including: names, physical, mailing, and street addresses, parcel ID, legal property description, neighborhood name, lot number, GPS coordinates, or any other descriptive property information that may reveal identity or home address pertaining to parcels owned by individuals that have received exempt/confidential status, hereafter referred to as confidential personal identifying and location information, will be protected as follows:
The agency will not release confidential personal identifying and location information that may reveal identifying and location information of individuals exempted from Public Records disclosure.
The agency will not present the confidential personal identifying and location information in the results of data analysis (including maps) in any manner that would reveal personal identifying and location information of individuals exempted from Public Records disclosure.
The agency shall comply with all State laws and regulations governing the confidentiality of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying and location information is released.
The terms of this Agreement shall commence on January 1, 2020 and shall run until December 31, 2020, the date if signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually for the following year.
IN WITNESS THEREOF, both the Osceola County Property Appraiser, through its duly authorized representative, and the agency, through its duly authorized representative, have hereunto executed this Data Sharing and Usage Agreement as of the last below written date.

OSCEOLA COUNTY PROPERTY APPRAISER	Champions Gate COD

Signature:_ _ _ _

_ _ _ _ _

_ _ _

Signature:_ _ _

_ _ _ _

_ _ _ _ _

_ _ _ _ _ _

Print:	Katrina S. Scarb orough

Pri nt  : _

_ _ _

_ _ _ _

_ _ _ _ _

_ _ _ _

Date:_

_ _ _ _

_ _ _ _

_ _ _ _

Title:_ _ _ _

_ _ _ _ _

_ _ _ _

_  _  _ 	_

Dat e :_ _

_ _ _

_ _ _ _

_ _ _

_ _

_ _ _

Please returned signed original copy in the enclosed self-addressed envelope, no later than January 31, 2020

2505 E IRLO BRONSON MEMORIAL HWY KISSIMMEE, FL 34744
(407) 742-5000
INFO@PROPERTY-APPRAISER.ORG • PROPERTY-APPRAISER.ORG

- -- - - ---,---,.;,,;-=--

SECTION VI

It em s A -	B will be	provided under separa te cover

S ECTION Vl·I

S	ECTION C

S ECTION 1

Champions Gate
Community Development District
Check Run Summary

December 3, 2019 thru January 31, 2020

General Fund	12/4/19	4570	$	2,007.46	
	12/6/19	4571	$	3,316.92	
	12/9/19	4572-4578	$	37,583.24	
	12/18/19	4579-4582	$	12,201.70	
	12/23/19	4583	$	1,248.00	
	1 /3/20	4584-4586	$	4,234.16	
	1/6/20	4587-4588	$	3,083.00	
	1/10/20	4589	$	3,374.14	
	1/13/20	4590-4596	$	28,393.31	
	1/27/20	4597	$	725.00	
			$	96,166.93	
Capital Reserves	
12/18/19	
47-48	
$	398,494.70	
			$	398,494.70	
Payroll	December 2019 Darin Tennyson	
50332	
$	184.70	
	Elizabeth Allen	50333	$	184.70	
	Lee Dawson	50334	$	184.70	
			$	554.10	
			$	49s,21s.13 I	

I	Fund	Date	CheckNo.'s	Amount

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/03/20
***  CHECK DATES 12/03/2019 - 01/31/2020 ***	CHAMPIONSGATE - GENERAL FUND
BANK A CHAMPIONSGATE CDD

PAGE	1

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

12/04/19	00056	11/08/19	

12/06/19	
00049	
12/01/19	
		12/01/19	

12/09/19	
00030	
12/03/19	

12/09/19	
00022	
11/25/19	

12/09/19	
00026	
12/01/19	

12/09/19	
00105	
11/01/19	
		12/02/19	

12/09/19	
00048	
11/29/19	
		12/02/19	

12/09/19	
00056	
12/01/19	

12/09/19	
00049	
12/09/19	
		12/09/19	
		12/09/19	

60739	201911 320-53800-35100
RPR 4 MAINLINE/GOLF HEADS

STATUS

*

AMOUNT	.••.CHECK••..•
AMOUNT	#
2,007.46

WEBER ENVIRONMENTAL SERVICES
194	201912 310-51300-34000
MANAGEMENT FEES DEC19
194	201912 310-51300-35100
INFORMATION TECH DEC19

-  -  -	-  - -  -  -  - -2,-00-7.-46-

-

*	3,050.25
*	266.67

004570

GOVERNMENTAL MANAGEMENT SERVICES
16775	201911 310-51300-31500
REV.AUDIT LETTR/CORRESPND

-  -  - -  -  -  -  -  -  - -3,-31-6.-92-
*	471.00

004571

CLARK & ALBAUGH, LLP
19673A	201911 320-53800-46800 FOUNTAIN BOWL CLEAN NOV19

-  - - -  -  - - -  -	-  -4-71.-0-0 004572

-

*	150.00

FOUNTAIN DESIGN GROUP, INC.
470078	201912 320-53800-46800
WATER MGMT SERVICES DEC19

- -  -  -  -  -  -  -  -  - -  -1-50-.0-0 004573
*	470.00

THE LAKE DOCTORS, INC.
43808	201911 320-53800-12000
ONSITE SERVICES NOV19
43801	201912 320-53800-12000
ONSITE SERVICES DEC19

*	12,299.84
*	12,299.84

470.00 004574

RIDA ASSOCIATES LIMITED PARTNERSHIP
1911-031 201911 320-53800-47200	*
PURCHASE AIR FILTERS
1912-003 201912 320-53800-47200	*
TRAFFIC SIGNAL MAINT DEC

8.18
196.00

24,599.68 004575

TRAFFIC ENGINEERING & MANAGEMENT
60838	201912 320-53800-46200
LANDSCAPE MAINT DEC19

*	11,631.91

204.18 004576

WEBER ENVIRONMENTAL SERVICES
195	201912 310-51300-51000	*
OFFICE SUPPLIES DEC19
195	201912 310-51300-42000	*
POSTAGE DEC19
195	201912 310-51300-42500	*
COPIES DEC19

.42
7.00
49.05

11,631.91 004577

GOVERNMENTAL MANAGEMENT SERVICES	56.47 004578

CHMP CHAMP GATE	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER·CHECK REGISTER	RUN 2/03/20
***  CHECK DATES 12/03/2019 - 01/31/2020 ***	CHAMPIONSGATE - GENERAL FUND .
BANK A CHAMPIONSGATE CDD

PAGE	2

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

12/18/19	00042	11/27/19	

12/18/19	
00003	
12/10/19	

12/18/19	
00095	
12/06/19	

12/18/19	
00056	
11/01/19	

12/23/19	
00057	
12/23/19	

1/03/20	
00139	
12/31/19	

1/03/20	
00057	
12/09/19	
		12/09/19	

1/03/20	
00056	
12/10/19	

1/06/20	
00030	
1/02/20	

1/06/20	
00026	
1/01/20	

1/10/20	
00049	
1/01/20	
		1/01/20	

791935	201911 320-53800-47300
MASTERS-CAPPED OFF POLE

STATUS

*

AMOUNT	CHECK•••.•
AMOUNT	#
110.00

ALL STATES LIGHTING, INC

- -	- - - -

1-10.oo  004579

6-862-63 201912 310-51300-42000
DELIVERY 12/04/19

-	- - - - -	- -
*	147.29

FEDEX
5271310 201911 310-51300-31100
PAVING PLAN/RPR COST EST.

- - - -  - - -  -  -  - - -14-7.-29- 004580
*	312.50

HANSON WALTER & ASSOCIATES, INC.
60576	201911 320-53800-46200
LANDSCAPE MAINT NOV19

-  -  -	- -  - - - -  -  -3-12-.50-

-

*	11,631.91

004581

WEBER ENVIRONMENTAL SERVICES
50466	201912 320-53800-34500
SECURITY 12/8 - 12/22

-  -  -  - -  -  -  -  -  - -11-,63-1.-91- 004582
*	1,248.00

OSCEOLA COUNTY SHERIFF
MV123119 201912 320-53800-34500 SECURITY DETAIL DEC19

-  -  -  -  - -  -  - - - -1-,2-48.-00-
*	2,640.00

004583

MAURICE NORMAN VILSAINT
50398	201911 320-53800-34500
SECURITY 11/24 - 11/30
50398A	201912 320-53800-34500 SECURITY 12/1 - 12/8

-  -  -  -  - -  - - -  - -2,-64-0.-00-
*	624.00
*	624.00

004584

OSCEOLA COUNTY SHERIFF
60996	201912 320-53800-35100
REPAIR BROKEN PIPES/HEADS

-  -  -  -  -  -  - -  -	-1,-24-8.-00- 004585

-

*	346.16

WEBER ENVIRONMENTAL SERVICES
16815	201912 310-51300-31500
REV.AGNDA/AGREEMENT/AUDIT

-  - - - -  -  -  -  -  - - -3-46.-16- 004586
*	2,613.00

CLARK & ALBAUGH, LLP
475652	202001 320-53800-46800
WATER MGMT SERVICES JAN20

-  -  -  -  - -  - -  - - -2,-6-13.-00- 004587
*	470.00

THE LAKE DOCTORS, INC.
196	202001 310-51300-34000
MANAGEMENT FEES JAN20
196	202001 310-51300-35100
INFORMATION TECH JAN20

- - -  - - - -  -  -  - - -47-0.-0-0 004588
*	3,050.25
*	266.67

CHMP CHAMP GATE	TVISCARRA

BANK A CHAMPIONSGATE CDD
CHECK  VEND# ...•.INVOICE••..••..EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
1/01/20 196	202001 310-51300-51000
OFFICE SUPPLIES JAN20
1/01/20 196	202001 310-51300-42000
POSTAGE JAN20
1/01/20 196	202001 310-51300-42500
COPIES JAN20

STATUS

*
*
*

AMOUNT	•..•CHECK..•.•
AMOUNT	#
26.17
19.50
11.55

GOVERNMENTAL MANAGEMENT SERVICES
1/13/20 00042	12/20/19 792126	201912 320-53800-47300
REPLACE LAMPS/BALLAST

*	409.50

3,374.14 004589

ALL STATES LIGHTING, INC
1/13/20 00022	12/26/19 19920A	201912 320-53800-46800
FOUNTAIN BOWL CLEAN DEC19

*	150.00

409.50 004590

1/13/20 00095

FOUNTAIN DESIGN GROUP, INC.
1/10/20 5271773	201912 310-51300-31100
COD MTG/REPAIR/SITE VISIT

-  -  - - -  -  - - -  - -  -1-50.-0-0 004591
*	781.25

1/13/20 00057

1/13/20 00105

1/13/20 00048

HANSON WALTER & ASSOCIATES, INC.
1/06/20 50523	201912 320-53800-34500
SECURITY 12/22 - 12/30
OSCEOLA COUNTY SHERIFF
1/07/20 43837	202001 320-53800-12000
ONSITE SERVICES JAN20
RIDA ASSOCIATES LIMITED PARTNERSHIP
1/02/20 2001-006 202001 320-53800-47200
TRAFFIC SIGNAL MAINT JAN

- -  -  -  -  -  -  -  -	- -7-81.-25-

-

*	936.00
- -  -  -  -  - -  -  -  - -  -93-6-.00-
*	12,299.84
-  -  - - -  -  -  -  -  - -12-,29-9.-84-
*	196.00

004592

004593

004594

TRAFFIC ENGINEERING & MANAGEMENT
1/13/20 00056	12/30/19 61054	201912 320-53800-35100
RPLC HEAD/GOLF ROTOR/NODE 1/01/20 61076	202001 320-53800-46200
LANDSCAPE MAINT JAN20

-  -  -  -  - - - - -  -  -  -1-96.-00- 004595
*	1,988.81
*	11,631.91

1/27/20 00056

WEBER ENVIRONMENTAL SERVICES
1/17/20 61250	202001 320-53800-46300
RMV/RPLC SABAL PALM TREE

-  -  -  - -  -  -  -  -  - 1-3-,62-0.-72- 004596
*	725.00

WEBER ENVIRONMENTAL SERVICES	725.00 004597

CHMP CHAMP GATE

TOTAL FOR BANK A TOTAL FOR REGISTER TVISCARRA

96,166.93
96,166.93

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

STATUS

AMOUNT	.•••CHECK.....
AMOUNT	#

12/18/19 00019

12/18/19 00017

6/13/19 17700	201906 320-53800-53000
MIRACLE DR-PAVE/MILL/STRP
H&S INVESTMENT GROUP OF CFL
6/30/18 94749	201910 320-53800-60000
INST.WAYFINDING SIGNAGE

*	321,859.70

*	76,635.00

321,859.70 000047

POBLOCKI SIGN COMPANY, LLC	76,635.00 000048

TOTAL FOR BANK B TOTAL FOR REGISTER

398,494.70
398,494.70

CHMP CHAMP GATE	TVISCARRA

.	.	.
S ECTION 2

•

•

•	•

•

•

••••••••

•	•	•	•	•	•

ChampionsGate
Community Development District

Unaudited Financial Reporting January 31, 2020

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

 	Balance Sheet 

 	General Fund  Income Statement 

Capital Projects Income Statement 

 	Month  to Month 

 	Assessment Receipt Schedule 

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT
Balance Sheet - All Fund Types and Accounts Groups
January 31, 2020

	 	Governmental Fund T	es	
General	Capital Projects	 	
Totals	
	 	Fund	Fund		 	2020		
ASSETS
Cash			
Operating Account	$574,447	$574,447	
Capital Reserves	$33,032	$33,032	
State Board of Administration	$846,738	$846,738	
TOTAL ASSETS	II	$574,447	
$879,770	$1,454,21ill	
LIABILITIES
Accounts Payable	$7,184	
$74,244	
$81,428	
Fund Equity and Other Credits
Restricted for Debt Service				
Assigned for Capital Projects		$805,526	$805,526	
Unassigned	$567,263		$567,263	

TOTAL LIABILITIES  & FUND	 	

EQUITY & OTHER CREDITS

II	$574,447	$879,770	$1,454,21ill

ChampionsGate
Commyail :x'. D evelogment District General Fund
Statement of Revenues & Expenditures For Period Ending January 31, 2020
	General Fund	Prorated Budget	Actual		
	Bud et	Thru 1/31/20	Thru 1/31/20	Variance	
Revenyes:					
Special Assessments	$729,046	$673,427	$673,427	$0	
Miscellaneous Revenue	$0	$0	$4,912	$4,912	
Total Revenues	$729,046	$673,427	$678,338	$4,912	
Exoeadltures:					
Administrative					
Supervisors Fees	$6,000	$2,000	$600	$1,400	
FICA Expense	$459	$153	$46	$107	
Engineering	$10,000	$3,333	$2,079	$1,255	
Attorney	$22,500	$7,500	$3,624	$3,876	
Annual Audit	$4,000	$4,000	$4,000	$0	
Management Fees	$36,603	$12,201	$12,201	$0	
Information Technology	$4,400	$1,467	$1,067	$400	
Collection Agent	$5,000	$5,000	$5,000	$0	
Telephone	$100	$33	$17	$16	
Postage	$1,500	$500	$204	$296	
Insurance	$11,500	$11,500	$10,589	$911	
Printing & Binding	$1,000	$333	$132	$202	
Legal Advertising	$1,500	$500	$0	$500	
Other Current Charges	$250	$83	$85	($2)	
Property Appraiser Fee	$465	$0	$0	$0	
Property Taxes	$50	$50	$0	$50	
Office Supplies	$250	$83	$53	$31	
Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Total Admninistratlve	$105,752	$48,912	$39,871	$9,042	

Maintenance Property Insurance	

$22,000	

$22,000	

$20,527	

$1,473	
Landscape Maintenance Contract	$139,583	$46,528	$46,528	$0	
Landscape Miscellaneous	$8,000	$2,667	$1,073	$1,594	
Irrigation System/Maintenance	$20,000	$6,667	$8,864	($2,198)	
Lakes/Fountains	$13,200	$4,400	$2,480	$1,920	
Lighting	$12,000	$4,000	$1,414	$2,587	
Miscellaneous	$2,000	$667	$4,370	($3,703)	
Painting Public Areas	$600	$200	$0	$200	
Traffic Signals	$10,000	$3,333	$2,223	$1,110	
Sidewalks	$10,000	$3,333	$0	$3,333	
Signage	$6,000	$2,000	$750	$1,250	
Trash Removal	$4,000	$1,333	$1,454	($121)	
Electric	$50,000	$16,667	$16,437	$229	
Water/Sewer	$1,000	$333	$54	$279	
Security	$50,000	$16,667	$18,819	($2,152)	
Onsite Management	$147,600	$49 ,200	$49,199	$1	
Mosquito Control	$7,600	$2,533	$1,870	$663	
Transfer Out - Capital Reserve	$119,711	$119,711	$119,711	$0	
Total Maintenance	 	$623,294	$302,239		$295,774	$6,465	
Total Expenditures	 	$729,046	$351,151		$335,644	$15,507	
Excess Revenues (Expenditures)	 	$0		$342,694	 		
Fund Balance - Beginning	$0	$224,569		
				
Fund Balance - Ending	$0	$567,263		

ChampionsGate
Commu nit y Development District

Capital Projects Fund Statement of Revenues & Expenditures
For Period Ending January 31, 2020

	Capital Reserves	Prorated Budget	Actual		
	Budget	Thru 1/31/20	Thru 1/31/20	Variance	

Revenues:					
Transfer In	$119,711	$119,711	$119,711	$0	
Interest	$4,000	$1,333	$5,412	$4,079	
Total Revenues	 	$123,711	$121,044		$125,123	$4,079	

Expenditu res:					
Capital Projects - Other	$100,000	$33,333	$122,974	($89,641}	
Total Expenditures	$100,000	$33,333	$122,974	!$89,641)	

Excess Revenues (Expenditures)	 	$23,711	$2,149		
Fund Balance - Beginning	 	$649,923	$803,377		
Fund Balance - Ending	 	$673,634	$805,526		

ChampionsGate CDD
Oct-19	Nov..19	Dec-19	Jan-20	eb-20	Mar 7.0	Af2t-20	Max 20	Jun-20	Jui..20	A!;!a-20	Se 0	Total

Special Assessments	$0	$63,858	$595,111	$14,458	$0	$0	$0	$0	$0	$0	$0	$0	$673,427
Miscellaneous Revenue	$0	$0	$0	$4,912	$0	$0	$0	$0	$0	$0	$0	$0	$4,912
Total Revenues	so	$63 ,858	$595111	$19,369	$0	$0	$0	$0	$0	$0	$0	$0	i!;78 .338

Expenditures:

Administrative

Supervisors Fees		$0		$0	$600	$0	$0	$0	$0	$0	$0	$0	$0	$0	$600 FICA Expense		$0		$0		$46	$0	$0	$0	$0	$0	$0	$0	$0	$0		$46 Engineering	$985	$313	$781	$0	$0	$0                     $0                     $0                     $0                     $0                     $0                     $0                     $2,079 Attorney                                                                                   $540                      $471                     $2,613                            $0                             $0                       $0                       $0                      $0                     $0                        $0                     $0                      $0                       $3,624
Annual Audit	$500	$3,500	$0	$0	$0	$0	so	$0	$0	$0	$0	$0	$4,000
Management Fees	$3,050	$3,050	$3,050	$3,050	$0	$0	$0	$0	$0	$0	$0	$0	$12,201 Information Technology		$267		$267		$267		$267	$0	$0	$0	$0	$0	$0	$0	$0		$1,067 Collection Agent	$5 ,000			$0			$0			$0	$0	$0                     $0                     $0                     $0                     $0                    $0                      $0                      $5,000 Telephone                                                                    $0                        $17                             $0                             $0                              $0                        $0                      $0                      $0                      so                $0                      $0                   $0                                   $17 Postage                                                                    $13                         $17                         $154                            $20                           $0                      $0                      $0                      $0                      $0                      $0                      $0                     $0                                $204 Insurance                                                      $10,569                           $0                                 $0                             $0                           $0                      $0                      $0                      $0                      $0                      $0                      $0                     $0                           $10,589 Printing & Binding                                                         $60                         $11                           $49                           $12                           $0                      $0                      $0                      $0                      $0                      $0                      $0                     $0                                $132 Legal Advertising                                                                     $0                               $0                             $0                                 $0                              $0                      $0                      $0                         $0                         $0                      $0                        $0                     $0                                  $0
Other Currenl Charges	$21	$32	$32	so	$0	$0	$0	$0	$0	so	$0	$0	$85
Property Appraiser Fee	$0	$0	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	$0
Property Taxes			$0	$0	$0		$0	$0	$0	$0	$0	$0	$0	$0	$0		$0 Off,oe Supplies		$26	so	$0	$26	$0	$0	$0	$0	$0	$0	$0	$0	$53 Dues, Licenses, Subscriptions	$175	$0	$0		$0	$0	$0                        so              $0                        $0                      $0                        $0                     $0                              $175

Total Administrative	S21,227	$7,677	$7,592	$3,374	$0 	$0 	$0	$0	$0 	$0	$0	$0	$39,871

Property Insurance	$20,527			$0		$0			$0	$0	$0	$0	$0	$0	$0	$0	$0	$20,527 Landscape Maintenance Contract	$11,63 2	$11 ,632	$1 1 ,632	$11, 63 2	$0	so	$0	$0	$0	$0	so	so	$46,528 Landscape MiscellaneOUS		$0		$348		$0		$725	$0	$0                    $0                    $0                     $0                     $0                     $0                     so                    $1 ,073 Irrigation System/Maintenance                        $4,522                    $2,007                      $2,335                        so                   $0                     $0                     $0                      so                $0                        $0                     so              $0                         $8,864 Lakes/Fountains                                                     $620                      $620                         $620                         $620                           $0                      $0                      $0                      so                $0                      $0                      so               $0                             $2,480 Lighting                                                                $0                      $110                         $410                         $894                            $0                      $0                      $0                      $0                      $0                      $0                      $0                     $0                             $1,414 Miscellaneous                                                              $4,370                           $0                             $0                             $0                           so                $0                          $0                       $0                      $0                      $0                      $0                     $0                             $4,370 Painting Public Areas                                                    $0                          $0                             $0                             $0                          so              $0                         $0                       $0                      $0                      $0                        so             $0                                    $0 Traffic Signals                                                  $1,823                           $8                         $196                         $196                           $0                      $0                      $0                      $0                      $0                      so             $0                     so                    $2,223 Sidewalks                                                                                 $0                           $0                              $0                              $0                           $0                      $0                      $0                       $0                      $0                       $0                         $0                     $0                                $0
Signage	$0	$750	so	$0	$0	$0	$0	$0	$0	$0	$0	$0	$750

so

Trash Removal		$361		$364		$365		$364	$0	$0	$0	$0	$0	$0	$0	$0		$1,454 Electric	$4,275	$4,071	$3,936	$4,156	$0	$0	$0	$0	$0		$0	$0	$16,437 Water/Sewer			$13			$15			$11			$15	$0	$0	so               $0                     $0                     $0                     $0                    $0                               $54
Security	$5,136	$5,595	$5,448	$2,640	$0	$0	$0	$0	$0	$0	$0	$0	$18,819
Onsite Management	$12,300	$12,300		$12,300	$12,300	$0	$0	$0	$0	$0	$0	$0	$0	$49,199 Mosquito Control		$935		$935			$0		$0	$0	$0	$0	$0	so	$0	$0	$0		$ 1, 870 Transfer Out - Capital ReseNe			$0			$0	$119,711		$0	so	$0                      $0                       $0                       $0                       $0                         $0                     $0                      $119,711
Total Maintenance	 	S66 513	$38 755	$156 963		$33,543	$0	$0	so	$0 	$0	$0	$0	$0	$295774 Total  Expenditures		sa1,n •	$46,432	$164,556 		$36 917	$0 	$0		$0	$0	$0	$0	$0	$335,644 Excess Revenues (Expenditures)		l!B7.7J9I	$17 ,426	$430,555	1$17,5481	$0	$0                      $0                       $0                      $0                      so              $0                     $0                       $342,694

4

CHAMPIONSGATE
COMMUNITY  DEVELOPMENT DISTRICT

12/6/19
12/23/19
1/10/20
1/13/20
1/21/20

ACH ACH ACH ACH ACH

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

602,434.17
29,980.02
13,579.64
1,380.44

s

s
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

s

24,010 .95
1,147 .43

$
$

11,568.46 $

$

226.14

566,854.76
28,255.93
12,908.70
1,322.73
226.14

$
$
$
$

566,854.76
28,255.93
12,908.70
1,322.73
226.14

$

576.66 $

407.51 $

30.70

$
$

263.43   $
27.01   $
$

s

$

$

s
$
$
$
$
$
$
$
$
$
$

s
$
$
$
$
$
$
$
$
$
$
$

s
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

s
$
$
$
$
$
$
$
$
$
$
$
$

$

s
$
$
$

$

566,854.76
28,255.93
12,908.70
1,322.73
226.14

s
$
$
$
$
$
$
$
$
$
$

$

Totals

$

715,302.10    $	28,362.82    $	13,738.79 $

226.14 $ 673,426.63 $

673,426.63 $ 673,426.63

SPECIAL ASSESSMENT RECEIPTS - FY2020 TAX COLLECTOR
Gross Assessments	$	775,581	$	775,581	
Net Assessments	$	729,046	$	729,046	

Date		
Gross Assessments	
Olscounts/	
Commissions	
Interest	
Net Amount	
General Fund	
Total	
Received	Dist.	Received	Penalties	Paid	Income	Received	100.00%	100%	
11/12/19	ACH	$	3,691.14	$	196.46	$	69.89	$	$	3,424.79	$	3,424.79	$	3,424.79	
11/22/19	ACH	$	64,236.69	$	2,569.77	$	1,233.34	$	$	60,433.58	$	60,433.58	$	60,433.58	

5