ChampionsGate Community Development District

Agenda February 13, 2018

)>
G)
mz
C
l>

,_

ChampionsGate
Community Development District

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

February 6, 2018

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 Tuesday, February 13, 2018 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 12, 2017 Meeting
Review and Acceptance of Draft Fiscal Year 2017 Audit Report
Ratification of Proposal from Cascade Fountains to Replace Fountain Control Panel
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
n.	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 12, 2017 meeting.  The minutes are enclosed for your review.

The fourth order of business is the review and acceptance of the draft Fiscal Year 2017 audit report. A copy of the report is enclosed for your review.

The fifth order of business is the ratification of proposal from Cascade Fountains to replace the control panel in the large lake fountain. A copy of the proposal is enclosed for your review.

Section C of the sixth order of business is the District Manager's Report. Section 1 is the check register for 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

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

-

s:
z
c::

m

;

.-1>	-i

,;

(/) -

MINUTES OF MEETING CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the CharnpionsGate Community Development District was held Tuesday, December 12, 2017 at 2:00 p.m. at the Bella Trae Clubhouse, 8411 Riverdale Lane, CharnpionsGate, Florida.

Present and constituting a quorum were:
Phillip Montalvo John Lambert Ron Root
Larry Arseniadis Darin Tennyson
Also present were: George Flint
Scott Clark
Mark Vincutonis Yvonne Shouey Marc Reicher Teresa Viscarra Mary Brooks
Jonathan Williamson Clint Tate
Several Residents

FIRST ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

District Manager
District Counsel by phone Hanson Walter
RIDA Development RIDA Development GMS
Central Florida Expressway Authority Dewberry
Kimley-Hom & Associates

Roll Call

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

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

TIDRD ORDER OF BUSINESS	Presentation	from	Central	Florida
Expressway Authority Regarding Extension of Poinciana Parkway

December 12, 2017	ChampionsGate CDD

Mr. Flint stated the first item is a presentation from the Central Florida Expressway Authority regarding extension of Poinciana Parkway. Ms. Mary Brooks is here, she is a consultant for the Expressway Authority that is charged with seeking public input from the community on the various options that the Expressway Authority is analyzing as far as the alignment of the future extension ofthat.
Ms. Brooks stated I am the public involvement coordinator for the Central Florida Expressway Authority's concept, feasibility and mobility studies.  With us on the team today is Jonathan Williamson with Dewberry, the general engineering consultant, Clint Tate is with Kimley-Hom & Associates, they are actually doing the study for your area of Poinciana Parkway Extension.
Ms. Brooks gave a brief overview of the expressway authority, studies, environmental studies and public input and Mr. Tate gave a detailed description of the proposed alignments of the Poinciana Parkway Extension in the area.
The Board Members and residents asked questions and commented on existing traffic concerns and the different alignment options after which the Board took the following action.

On MOTION by Mr. Root seconded by Mr. Montalvo with all in favor staff was directed to communicate to the Expressway Authority that the preferred option is 2 and 2A for the connector to 1-4.

The Board took a short recess after which the meeting was reconvened.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of August 21, 2017
Board Meeting and Acceptance of the August 21, 2017 Audit Committee Meeting
Mr. Flint stated item four is approval of the minutes of the August 21, 2017 Board meeting and acceptance of the August 21, 2017 Audit Committee meeting minutes.

On MOTION by Mr. Root seconded by Mr. Lambert with all in favor the minutes of the August 21, 2017 Board meeting were approved and the August 21, 2017 Audit Committee meeting minutes were accepted.

2

December 12, 20 I 7	ChampionsGate CDD

FIFTH ORDER OF BUSINESS	Consideration of Proposals/Agreements
Proposal from Traffic Engineering and Management to Replace Traffic Light Processors
Ms. Shouey stated they are having a problem controlling the sequence of the traffic lights at both Legends and ChampionsGate because they are old. and they need to be updated.

On MOTION by Mr. Root seconded by Mr. Montalvo with all in favor the proposal from Traffic Engineering and Management to replace traffic light processors in the amount of $8,125 was approved.

Proposal from Spotless Roof & Exterior Cleaning to Pressure Wash Sidewalks
Mr. Flint stated there is a proposal to pressure wash sidewalks in your agenda package and Yvonne is handing out a second one from Gator Pressure Cleaning.
Ms. Shouey stated this one is about $1,500 less than the one in the package.
Mr. Flint stated we will attach a map to the agreement. The only issue with going to Bella Cita is the portion that is outside the District because the CDD stops at the County line. The Board did make a finding in regard to landscape maintenance that you would maintain the landscaping all the way to Bella Cita. The question is whether you want to extend that to pressure washing the sidewalk. I would think if there were an issue with those sidewalks just like the roadway you wouldn't be replacing them because they are not CDD.

On MOTION by Mr. Root seconded by Mr. Arseniadis with all in favor the proposal from Gator Pressure Cleaning & Custom Painting to pressure wash sidewalks in the amount of $9,000 was approved.

Proposal from ACPLM to Provide Paving and Striping Services on Laura Lane and Berwick Drive
Ms. Shouey stated this proposal is for paving Laura Lane down to the new Panera and also Berwick Drive around the loop. I got three bids you have one in your packet and I have two more. We have a bid from AAA, which was the low bidder, ABC Paving and ACPLM.
Mr. Montalvo stated Laura Lane is not CDD.

3

December 12, 2017	ChampionsGate CDD

Mr. Flint stated Laura Lane and Berwick are intended to be CDD.
Mr. Reicher stated it hasn't been transferred yet because we weren't sure of the final configuration but there is a maintenance agreement in place and Laura Lane was originally built with CDD dollars. Now that has been finalized we can take action on that road but it has always been maintained by the CDD.
Mr. Montalvo stated that is an issue in terms ofwho owns it. Mr. Clark joined the meeting by telephone at this time.
Mr. Clark stated we were looking at that issue and what I last recall is that CG Infrastructure had not decided for certain whether it would convey all of that or make some modifications to it. That does need to be put into the District. There is an agreement where we agreed to accept it when they offered it but I don't think that it has been formalized.

Mr. Montalvo stated my concern is, are we being premature considering this particular project given that the paperwork has not been completed and legally we don't have title to it absent any formal agreement.
Mr. Clark stated I think we would have to do it subject to that being formalized or just hold it until the next meeting.
Mr. Montalvo stated I personally favor that, let's not put the cart before the horse and get all the paperwork in order so we can accept it.
Mr. Reicher stated now that we have the final configuration we know the shape ofthe last parcel, which is why we were holding it because we didn't know how that piece would be developed. We are happy to give a consent at this point in time to allow the paving to move forward and I think we are in a position now that we can convey the final configuration.
Mr. Montalvo asked how soon can we get that done?
Mr. Reicher responded the consent we can give now, you are going on the sidewalk to pressure clean it.
Mr. Montalvo asked can we legally proceed to appropriate monies to improve that road when we don't own it absent a formal agreement to do so?
Mr. Clark responded I'm okay with proceeding on that condition. I'm not okay with the money being spent until those details are finalized.
Mr. Reicher stated we do maintenance from the District on property that isn't owned by the District all the time. We are doing it on the sidewalks and we do it on the bank. I'm not sure

4

December 12, 2017	ChampionsGate CDD

if there is a maintenance agreement on that side of Laura Lane but Laura Lane was originally constructed with COD dollars with the intent that ultimately it would be transferred over to the District. We did work on these roads prior to when they were transferred over to the District on an annual basis with District dollars. We are happy to give consent but I will have to get with the general partner of CG Infrastructure but I'm pretty confident at this point in time that we are prepared and ready to convey it because we now have the final configuration of the last little bit of Laura Lane.
Mr. Clark stated we have talked about this and I'm familiar with it I just think we haven't finalized it and if it is time to do that let's do it then the Board can proceed at its pleasure to continue this or approve it with a contingency.
Mr. Reicher asked when are they going to start? Ms. Shouey responded the beginning of January.
Mr. Reicher stated we are heading into high season so this work is not a tremendous amount of.work, it has to be done and we have to put our best foot forward with our residents that are coming down and our guests that are using the facilities, there is benefit in that, which is why we always stayed ahead of all these maintenance items.
Mr. Montalvo stated we don't own it and we have to get the paperwork done correctly, cross our t's and dot our i's so if the Board wants to discuss the necessity subject to all the legal work being done and approved before the expenditure is made that is fine. I have a problem in spending any money of this nature unless we are grounded legally to do so. That is my concern.
Mr. Clark stated I share the concern but I'm sure we can accomplish that within a short amount of time if Marc and his team are ready to finalize it.
Mr. Reicher stated subject to Ira's final approval I don't see any reason why we wouldn't be in a position now that the final configuration is done. I think we have a survey on the final road to be able to start that process.
Mr. Flint stated I think what Scott is saying is if the Board is inclined to approve this work you can approve it subject to the conveyance of the land and authorize the chairman to sign off on it.
Mr. Montalvo stated I don't have a problem if the Board says this is something that we need to do, we haven't had the discussion yet. I would be fine to discuss the necessity or whether we want to do this or not subject to if we decide it is something that we want to do that it

5

December 12, 2017	ChampionsGate CDD

has to be done after Scott signs off on it and says it is good to go and gets the paperwork in order.
Mr. Flint asked Mark have you looked at those roads? The proposals are to mill the edges and put a 1" overlay of S-3 asphalt on there based on the age and condition. Is that something you believe needs to be done at this point?
Mr. Vincutonis stated that is typically what is done. I haven't been out there but from my experience in being out there with a couple projects we worked with Marc on it is not in horrible shape but it is probably about due if it is 15-17 years old. I will be happy to take a hard look at it if you like. I suspect there is going to be some cracking and settling here and there that is typical of 15-year old asphalt.
Mr. Montalvo asked why wouldn't we want to do this in May?
Mr. Reicher responded right now the thermoseal is gone and more and more people are using Legends Boulevard to make that left tum. We have time to do it if we can get everything organized before we get into season. We waited for a lot of the heavy traffic to pass so we wouldn't put down a new road and then have construction vehicles on it. At this point in time there is one odd parcel left on Laura Lane that could be a parking lot for overflow parking and it could potentially be a small office building. But it is not going to have the impact that- a 6,000- square foot free standing restaurant would have in terms of bringing in materials and duration and stufflike that and the apartments are done on the Berwick side.
Mr. Montalvo stated I drove it today and I don't know why we are doing it now it looks in perfectly good shape Laura Lane really needs it there is a lot of traffic there but not that little horseshoe. To the untrained eye it doesn't look that bad. Masters is in bad shape and that needs to be done, there are potholes. I didn't see the immediate necessity not that we shouldn't do it at some point in time but at this point I don't think we have to do that now. I stand to be corrected.
Mr. Arseniadis stated I would say we should do both of them and be done because you are going to pay additional costs when you bring them back to do Berwick.
Mr. Montalvo stated I'm not disputing that my question was, is this something that needs to be done and I don't know.
Mr. Vincutonis stated I will look at it and see if it needs to be done or not. I don't think there are any potholes.
Mr. Montalvo asked are we doing it for aesthetic reasons?

6

December 12, 2017	ChampionsGate CDD

Mr. Root stated it depends on what Mark comes up with.
Mr.  Vincutonis stated I will look  at it.	I think your observation is probably fairly accurate.
Mr. Montalvo stated Laura Lane I can see the wear and tear and cracks.
Ms. Shouey stated you could sealcoat and stripe Berwick and that would be way less money. Laura Lane needs to be resurfaced.
Mr. Reicher stated the bid improves all the striping and safety coating and all that stuff
too.
Mr. Arseniadis asked if we know we are going to come back in a year and do it why not
just do it now?
Mr. Flint stated sealcoating is aesthetic, it is not going to do anything for you. We don't have a formal pavement management plan but what we have been setting aside has been working with what our needs are. It has worked out from a budget perspective.
Mr. Montalvo asked do we have a cost estimate on the Masters fix?

Mr. Vincutonis responded no but my guess is it going to be about $250,000. Mr. Montalvo asked do we have the money to do all three?
Mr. Flint stated we are projecting that we are going to carry forward into this year
$337,000 and we are going to add another $100,000 to that. We projected a beginning fund balance of $400,920 and we are going to add another $122,000 to that through the budget process. Basically, we have $523,000 and we show about $100,000 we were going to spend so we have projected after this year's contribution from the general fund $520,000. You could do the $250,000 for Masters and you can do this and still have funds remaining.

On MOTION by Mr. Arseniadis seconded by Mr. Tennyson with all in favor the proposal from AAA Top Quality Asphalt to provide paving and striping service on Laura Lane and Berwick Drive was approved subject to the conveyance of Laura Lane to the District and coordinate paving of Laura Lane after the heavy equipment has stopped using the roadway.

Mr. Clark stated we will tend to the ownership rights issue with Marc and then do the contract when appropriate.

7

December 12, 2017	ChampionsGate CDD

Agreement with Grau & Associates to Provide Auditing Services for Fiscal Year 2017
Mr. Flint stated next is approval of the agreement with Grau & Associates to perform the annual independent audit.

On MOTION by Mr. Arseniadis seconded by Mr. Lambert with all in favor the engagement letter with Grau & Associates to perform the Fiscal Year 2017 audit in an amount not to exceed $3,800 was approved.

SIXTH ORDER OF BUSINESS	Ratification of Proposal from Poblocki Sign
Company to Install Speed Table Signs
Mr. Flint stated next is ratification of the proposal from Poblocki Sign Company to install speed table signs. You approved Fausnight to do the speed tables and Poblocki did the signage and the work has already been done and I'm asking the Board to ratify that.

On MOTION by Mr. Arseniadis seconded by Mr. Lambert with all in favor the proposal from Poblocki Sign Company to install speed table signs in the amount of $7,500 was ratified.

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

Engineer
Mr. Vincutonis stated a year ago we talked about getting a proposal from a geotechnical firm to do some borings on Masters and I contacted them and the price is still good. Universal came in at $3,690. We need to do borings to determine if we need to replace any base or subgrade and also determine the limits of this. Do we want to go from ChampionsGate all the way to the County line so to speak or less.
Mr. Flint stated we will price it up to the CDD line and price it up to Bella Cita and then see what that differential is and then go to the county and ask them if they would participate.

8

December 12, 20 17	ChampionsGate COD

On MOTION by Mr. Arseniadis seconded by Mr. Tennyson with all in favor the proposal from Universal to do borings on Masters Boulevard in the amount of $3,690 was approved.

Manager
Approval of Check Register
Mr. Flint stated you have approval of the check register from August 14, 2017 through December 4, 2017 for the General Fund, Capital Reserves and payroll totals $234,883.85 and the detailed register is behind the summary.

On MOTION by Mr. Arseniadis seconded by Mr. Montalvo with four in favor and Mr. Root not being present during the vote the check registers were approved.

Balance Sheet and Income Statement
Mr. Flint stated next is the financial statements and these are unaudited through November 30, 2017 they represent the first two months of Fiscal Year 2018.
Mr. Arseniadis asked are we dealing with a timing issue on bills because we seem to be significantly under our expenses. We are $26,000 under the prorated budget.
Ms. Viscarra stated some of those are on an as needed basis and we just haven't had any expenses for two months for those line items.
Mr. Arseniadis started electric is significantly under by $5,000.
Ms. Viscarra stated we increased electric a little bit this year because we were advised that there was going to be a rate increase during this fiscal year we just don't know how soon.
Mr. Flint stated the $15,000 irrigation maintenance is an estimate over the course of a year we have only had $769 at this point but it is not to say next week a pump or controller may go bad. The same with the irrigation well. A lot of those are not typically 1/12 a month expenses although when we look at the financials we prorate them on 1/12 per month.
Mr. Arseniadis asked what is dissemination?
Mr. Flint responded when the bonds were issued there is something called a continuing disclosure agreement and as part of the continuing disclosure agreement there are annual reports that have to be filed at this point to the clearing houses and bondholders and it is basically

9

December 12, 2017	ChampionsGate CDD

protection for the bondholders. We serve as dissemination agent for the District as part of our agreement. That will go away when the bonds are paid off in three years.

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

NINTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Montalvo stated I have been gone the last month or so and just got back. We seem to have an issue with the level ofsome of our ponds. I know we had an issue by the fountain.
Ms. Shouey stated I have water running into those when they get low. Mr. Montalvo asked where does that come from?
Ms. Shouey stated from the well.

Mr. Montalvo stated the one by Laura Lane 1s very low and it backs up to the conservation area.
Ms. Shouey stated that was extremely high during the storm.

TENTH ORDER OF BUSINESS
There being none,

Audience Comments

On MOTION by Mr. Montalvo seconded by Mr. Arseniadis with all in favor the meeting adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

10

en
m
0
-t

-z

0-	l
<

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT
OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 201 7

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
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance -

Page 1 -2

7
8

9

10 

11 

12 
1 3-20

Budget and Actual - General Fund	21 
Notes to Required Supplementary Information	22
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FI NANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT A UDITING STANDARDS	23-24
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.41 5, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) 
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	25
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26-27

DRAFT

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, 2017, 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, 201 7, 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 �. 201 8, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is 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.
Report on Other Legal and Regulatory Requirements
We have also issued our report dated �]Q( . 2018, on our consideration of the District's compliance with the requirements of Section 218.41 5, Florida Statutes, as required by Rule 10.556( 1 0) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

�. 2018 

DRAFT
2

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, 20 17. 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 $4,331 ,840.
The change in the District's total net position in comparison with the prior fiscal year was
$899,015, 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, 2017, the District's governmental funds reported combined ending fund balances of $2,577,555, a decrease of ($47,835) in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, restricted for debt service, 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 �eport 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.
DRAFT
3

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 buqget.
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 ofthe District, assets exceeded liabilities at the close ofthe most recent fiscal year.
Key components of the District's net position are reflected in the following table:
NET POSITION SEPTEMBER 30,
2017	2016
Current and other assets	$ 2,580,927	$	2, 630,992	
Capital assets, net ofdepreciation	5,41 5,975	5,714,643	
Total assets	7,996,902	8,345,635	
Current liabilities	96,731	1 30,732	
Long-term liabilities	3,568,331	4, 782,078	
Total liabilities	3,665, 062	4,912,810	
Net position			
Net inwstment in capital assets	1,847,644	932,565	
Restricted	1,799,404	1, 889, 1 26	
Unrestricted	684,792	61 1,1 34	
Total net position	$	4,331 ,840	$	3,432,825	

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.
DRAFT
4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)
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 m ajority 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,
Re1.enues:	2017	2016

Charges for sen.ices	$	2, 137,023	$	2,278,463	
Operating grants and contributions	3,483	4,735	
Unrestricted in1.estment earnings	187	1 63	
Total re1.enues	2, 140,693	2, 283,361	
Expenses:			
General go1.emment	11 6,502	126,376	
Physical em.ironment	852,725	1, 076,759	
Interest	272,451	345,758	
Total expenses	1,241 ,678	1, 548,893	
Change in net position	899,015	734,468	
Net position - beginning	3,432,825	2, 698,357	
Net position - ending	$	4,331 ,840	$	3,432,825	

Program re1.enues

General re1.enues

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2017 was $1 ,241 ,678. The costs of the District's activities were primarily funded by program revenues. Program revenues, which were comprised of special assessments, decreased from the prior fiscal year as a result of less prepayment revenues being collected in the current year than the prior 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, 201 7.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
At September 30, 2017, the District had $14,822,206 invested in capital assets for its governmental activities. In the government-wide financial statements, depreciation of $9,406,231 has been taken, which resulted in a net book value of $5,415,975. More detailed information about the District's capital assets is presented in the notes of the financial statements.

DRAFT
5

CAPITAL ASSETS AND DEBT ADMINISTRATION (Continued)
Capital Debt
At September 30, 2017, the District had $3,585,000 in Bonds outstanding. More detailed information about the District's capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND OTHER EVENTS
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 1 35 W. Central Boulevard, Suite 320, Orlando, Florida, 32801 .

DRAFT
6

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

STATEMENT OF NET POSITION SEPTEMBER 30, 201 7

	Governmental Activities	
ASSETS
Cash	
$	643,41 4	
Assessments receivable	11 ,686	
Prepaids	35,257	
Restricted assets:
Investments	
1 ,890,570	
Capital assets:
Nondepreciable	
1 ,771 ,447	
Depreciable, net	3,644,528	
Total assets	7,996,902	
LIABILITIES
Accounts payable	
3,372	
Accrued interest payable	93,359	
Non-current liabilities:
Due within one year	
1, 1 25,000	
Due in more than one year	2,443,331	
Total liabilities	3,665,062	
NET POSITION
Net investment in capital assets	
1 ,847,644	
Restricted	1 ,799,404	
Unrestricted	684,792	
Total net position	$ 4,331, 840	

DRAFT

See notes to the financial statements

7

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF ACTIVITIES

Functions/Programs Primary government:
Governmental activities:

E�enses

Charges for Services

Operating
Grants and	Go'A:lrnmental Contributions		Activities

-

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

Pr29.ram Revenues

Net ( Expense) Re'A:lnue and Changes in Net Position

General government
Physical environment	$	116,502	$	116,502	$
852,725	627,528	-	$	(225, 1 97)	
I nterest on long-term debt	272,451	1 ,392,993	3,483	1, 1 24,025	
Total governmental activities	1 ,241 ,678	2, 1 37,023	3,483	898,828	
	General re'A:lnues:				

Unrestricted investment earnings		187	
Total general revenues		1 87	
Change in net position		899,015	
Net position - beginning		3,432,825	
Net position - ending	_L	4,331, 840	

DRAFT

See notes to the financial statements

8

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

35,257

35,257

1,892,763

1,892,763

BALANCE SHEET GOVERNMENTAL FUNDS
SEPTEMBER 30, 2017 	
	Major Funds		Total	
	Debt	Capital	Governmental	
General	Service	Projects	Funds	
ASSETS
Cash	$	252,383	
$	
$	391,031	
$	643,414	
Investments	5,362	1,885,208		1,890,570	
Assessrrents receivable	4, 1 31	7, 555		1 1 ,686	
Prepaids	35,257			35,257	
Total assets	$	297, 1 33	$ 1,892,763	$	391 ,031	$ 2,580, 927	
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	3,372	$	$	$	3,372	
Total liabilities	3,372	3, 372	

Fund balances: Nonspendable: Prepaid items
Restricted for: Debt service
Assigned to:
Capital reserves			391, 031	391,031	
Unassigned	258,504			258,504	
Total fund balances	293,761	1 ,892,763	391 ,031	2,577,555	
Total liabilities and fund balances	$	297, 1 33	$ 1,892,763	$	391,031	$ 2,580,927	

DRAFT

See notes to the financial statements

9

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF N ET POSITION
SEPTEMBER 30, 201 7

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 Accumulated depreciation
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund financial statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.

14,822,206
(9,406,231}

$ 2,577, 555

5,415, 975

Accrued interest payable	(93,359)		
Original issue discount	206,818		
Accumulated amortization	(190, 1 49)		
Bonds payable	(3,585,000)	(3,661 ,690)	
Net position of governmental activities		$ 4,331 ,840	

DRAFT

See notes to the financial statements

10 

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 

$

743,076
27
954
744,057

$

1 ,392,993
3,483

$

$

160

1, 396,476

1 60

2,1 36,069
3,670
954
2, 1 40,693

1,220,000
297,969

116,860

1,220,000
297,969
116,860

REVENUES
Assessments     I nterest Miscellaneous
Total revenues
EXPENDITURES

General government	116,502	116, 502	
Physical environment	437, 197	437, 197	

Current:

Total expenditures	553,699	1,517,969	116,860	2,1 88,528	
Excess (deficiency) of revenues over (under) expenditures	
190,358	
(121 ,493)	
(1 16,700)		
OTHER FI NANCING SOURCES ( USES)
Transfer in 			
121 ,262	
121,262	
Transfer out
Total other financing sources (uses)	{121, 262}
(121 ,262}		
121 ,262	(1 21, 262)	
Net change in fund balances	69,096	(121 ,493)	4,562	(47,835)	
Fund balances - beginning	224,665	2,014,256	386,469	2,625,390	
Fund balances - ending	$	293,761	$ 1 ,892,763	$	391 ,031	$ 2,577,555	

Debt service: Principal Interest Capital Outlay

DRAFT

See notes to the financial statements

1 1 

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
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, 2017

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures, Ho\,l/0ver, in the statement of activities, the cost of those assets is are eliminated and capitalized as capital assets.
Depreciation on capital assets is not recognized in the governmental fund financial statements but is reported as an expense in the statement of activities.
Repayments of long-term liabilities are reported as expenditures in the governmental fund financial statements but such repayments reduce liabi lities in the statement of net position and are eliminated in the statement of activities.
Governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities.
Amortization of original issue discount
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.
Change in net position of governmental activities

$	(47,835)

78,827

(377,495)

1,220,000

(6,253)

$	899,01 5

31 ,771

DRAFT

See notes to the financial statements

12 

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
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 1 980, 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 1 90, Florida Statutes.
The Board has the responsibility for:
1 . 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.

DRAFT

13 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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.

DRAFT
14 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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.
Deposits and 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
21 8.415 (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.
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.
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.

DRAFT
15 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
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 d eferred 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
Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s). For example, the District would record deferred outflows of resources on the statement of net position related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).
Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s). For example, when an asset is recorded in the governmental fund financial statements, but the revenue is unavailable, the District reports a deferred inflow of resources on the balance sheet until such times as the revenue becomes available.
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 formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
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.

DRAFT
16 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Fund Equity/Net Position (Continued)
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.

DRAFT
17 

NOTE 4 - DEPOSITS AND INVESTMENTS (Continued)
Investments

The District's investments were held as follows at September 30, 201 7:

Amortized Cost

Credit Risk

Maturities Weighted a-.erage of the fund

First American Treasury Obligation Fund Class Z $
US Bank Money Marl<et Fund
$

5,362
1, 885,208
1,890,570

S&P AAAm
N/A

portfolio: 23 days
N/A

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 recogn ize 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.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District's investments have been reported at amortized cost above.
NOTE 5 - INTERFUND TRANSFERS
lnterfund transfers for the fiscal year ended September 30, 2017 were as follows:
Fund	Transfer in	Transfer out
General	$	$	121, 262

Capital projects

 	1 _21.,_,2_62_�   ---

Total	$	121 ,262	$	121 ,262

Transfers from the general fund to the capital projects fund were made in order to fund the capital projects fund with capital reserves for future maintenance projects.

DRAFT
18 

NOTE 6 - CAPITAL ASSETS
Capital asset activity for the fiscal year ended September 30, 2017 was as follows:

Beginning

Ending

Go\emmental acli\ities
Capital assets, not being depreciated

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
lmprowments other than buildings Machinery and equipment

Infrastructure	6,696,044	377,495	7,073, 539	
lmpro\ements other than buildings	2,283, 367		2,283, 367	

Total capital assets, being depreciated Less accumulated depreciation for:

10,639,240
2,283,367	78, 827
49,325
1 2,971,932	78, 827

10,639,240
2,362,194
49,325
13,050,759

Machinery and equipment Total accumulated depreciation

Total capital assets, being depreciated, net Go\emmental acti\ities capital assets, net

49,325
9,028, 736	377,495

3,943,196	\298,668!

$	5,714,643	$	1298,668!   $

49,325
9,406,231

3,644,528

$	5,415,975

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 1 9988 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 1 998A Bonds is to be paid serially commencing May 1, 2002 through May 1, 2020 and the principal on the Series 1 9988 Bonds was paid in one lump sum payment on May 1, 201 0.
The Series 1998A Bonds are subject to redemption at the option of the District as set forth in the Bond Indenture. The Series 1 998 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 collected prepaid assessments and paid down the Bonds by $145,000.
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2017.

DRAFT
19 

NOTE 7 - LONG TERM LIABILITIES (Continued)
Changes in long-term liability activity for the fiscal year ended September 30, 2017 were as follows:

Qm,emm!;!ntal acti�tie�

Beginning	Ending	Due Within

Balance	Additions	Reductions	Balance	One Year

Series 1998A	$ 4,805,000	$	$	1,220,000	$ 3,585,000	$ 1,1 25,000	
Less original issue discount	22,922	6,253	16,669		
	$ 4,782,078	$	$	1,213,747	$ 3,568,331	$ 1,1 25,000	

At September 30, 2017, the scheduled debt service requirements on the long-term debt were as follows:
Go-.emmental Acti�ties

2018	$	1,1 25,000	$	224,063	$	1,349,063	
2019	1,1 95,000	153,750	1,348,750	

Principal

Interest

Total

2020
Total

1,265,000
$   3,585,000

79,063
$	456,876 $

1, 344,063
4,041,876

NOTE 8 - CONCENTRATION
A significant portion of the District's activity is dependent upon the continued involvement of Rida Associates and a major landowner, Lennar Homes, the loss ofwhich could have a material adverse effect on the District's operations.
NOTE 9 - MANAGEMENT COMPANY
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.

DRAFT
20

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

SCHEDULE OF REVENUES, EXPENDITURES AND CHANG ES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 

REVENUES

Budgeted Amounts Original & Final

Actual Armunts

Variance with Final Budget - Positive (Negative)

Assessments I nterest Miscellaneous

$	732,506	$	743,076	$
27
954

10,570

Total revenues

EXPENDITURES

General government	127, 1 56	116,502	1 0,654	
Physical environment	484,088	437, 197	46,891	
Total expenditures	61 1 ,244	553,699	57, 545	

Current:

732,506

744,057

11 ,551

Excess (deficiency) of revenues over (under) expenditures

Transfer out	(1 21, 262)	(1 21,262)		
Total other financing sources (uses)	(1 21 ,262)	(1 21 ,262)		
Net change in fund balance	$	69,096	,.,,,;,,,$ ==6;;.;;.:.9,0;;.;.,;;,96=	
Fund balance - beginning		224,665		
Fund balance - ending		$	293,761		

OTHER FI NANCING SOURCES (USES)

121, 262

190,358

69,096

DRAFT

See notes to required supplementary information

21

CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COU NTY, FLORIDA
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, 2017.

DRAFT
22

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, 2017, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated �. 2018.
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.

DRAFT

23

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. Ac<;:ordingly, this communication is not suitable for any other purpose.

ixxxx , 201s 

DRAFT
24

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.41 5, 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 1 0.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 201 7. 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 procedu res 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, 201 7.
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.

�. 201 8

DRAFT
25

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, 201 7, and have issued our report thereon dated \)<)Qo<, 2018.
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 A uditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reports and Schedule

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 2(XXX, 201 8, 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.

po(XX, 201 8

D RAFT
26

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 reportfor the fiscal year ended September 30, 201 6.
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, 2017.
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 fi nancial 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, 2017.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The financial report filed with the Florida Department of Financial Services pursuant to Section 21 8.32(1 )(a), Florida Statutes agrees with the September 30, 2017 financial audit report.
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, 2017. 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.

DRAFT
27

CJ)
m
0
::!
0z
<

CASCADE FOUNTAINS J)lV. FOlJNTA� DESIGN GROPP, INC.
7628 N.W 6th AVENUE	BOCA RATON, FL. 33487 SERVICE CENTERS : ORLANDO AND TAMPA
PHONE: (800} 448-1537	FAX (561} 994-3944

To:	Champions Gate
8390 Chatnpiohs Gate Blvd., Ste. 1 04 Champions Gate, Fl. 33896
Attn:	Yvonne Shouey Phone: 407-397�2500 Fax:	407-396-7814 
Email: vshouey@championsgate.com

PROPOSAL #	4256
Date: November. 17, 2017

Ship To: Champions Gate
8390 Charnpions Gate Blvd
Champions Gate, Ft. 33896

Equipment:
Scope of Work:
Our Service Technician, Jonathan Hoskins has advisE;!d  the control panel for the large lake fountain  at 1-4 is old worn, and due to theage ofthe wires it has become very problematic to repair. We are advising that we install a new 250hp, 208volt, three phase Electrical Control Panel. The panel will ne ETL listed and GFI Protected.
If youwish us to proceed with the needed repairs please sign below and return to our office. Please do not hesitate to contact us if you have any questions.

Total Cost

-$--5--'-,9-75-.00�

Respectfully Submitted;
FOUNTAINDESIGN GROUP
Acceptance of Proposal: The above price, specifications, and conditions are satisfactory and are hereby accepted,
Fountain Design Group, Inc. is authorized to complete the work as specified.

Signature:	Date of Acceptance:

CONDITIONS
All wtirk Is to be completed in a worl<�anlike manner . Any alteratlon fromspecifications inwlving·extra costs will be executed only uponwrittenapprovalfrom the client, and will become an additional charge from the appro\/!!d proposai amount

enm 0-I-
0z

\

I	<-

0

1

Champions Gate
Community D.evelopment District

December 4, 2017 thru February 6, 2018

Fund

Date

Check No.'s

Amount

$

1,3s1,1s4.74 I

Check Run Surnmarv

General Fund	12/7/17	4210-4214	$	19,797.85	
	12 /12/ 17	4215	$	770.00	
	12/19/ 17	4216-4217	$	1,463.35	
	12/26/17	4218-4219	$	514,322.45	
	12/28/17	4220-4223	$	784.84	
	1/3/18	4224-4226	$	17,420.78	
	1/9/18	4227-4232	$	32,294.31	
	1/16/18	4233-4234	$	731.25	
	1/26/ 18	4235-4236	$	1,398.57	
	1/28 /18		$	706,442.05	
	2/ 6/18	4238-4244	$	33,591.79	
			$	1,329,017.24	
Capital Reserves				
	12 /7/17		$	7,500.00	
	1/26/18	35-36	$	14,314.00	
			$	21,814.00	
Payroll	December 2017			
	Darin Tennyson	50275	$	184.70	
	John Lambert	50276	$	184.70	
	Laurence Arseniadis	50277	$	184.70	
	Phillip Montalvo	50278	$	184.70	
	Ronald Root	50279	$	184.70	
			$	923.50	

AP30 0R	PAGE	1

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER CHECK REGISTER	RUN	2/06/18 
*** CHECK  DATES  12/04/2017 - 02/06/2018 ***	CHAMPIONSGATE - GENERAL FUND

#

BANK   A  CHAMPIONSGATE COD

DATE

CHECK    VEND#	. . D• A. T. EINVOINCVEO• I• C• E• .    . Y. R• MEXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME
12/07/17   00042	11 /27/17   7R8P5L7C19 8  LA2M0P1 S7 /1 51  B3A2L0L-A5S3T800-47300 

STATUS
*

AMOUNT
3,433 .26

A. M. O. U. NCTHECK . . . • • 

- - -  -  - -  -  -  -  -  -  - -  -  -  -  -  -  - - -  -  -  - - - -AL-L  STATES  LIGHTING,   INC
12/07/17   00026	12/01/17   3W3A0T4E9R7  MGM2T0 1S7E1R2V3IC2E0-D5E3 C8 01 70-4 6800 

-  - - - -  -  - - - -  -3-,4-33 -.2 -6   004210 
*	464. 00 

-  - - - -  - - - - - - - -  -  - -  -  - -  -  -� 	TH-E-LA-KE-

DOCTORS , INC .

*	-  - -  -  - - - - - - - -4-64 -.0 -0   0042 11 

12/07/17   00105	12/04/17   4O3 N0 7SI3TE  MG2M0T1 7S1E2RV32IC0E-5D3 E8C0 01 7-12000 
-  -  -  -  -  -  -  -  -  -  - -  -  -  -  -  -  -  -  - -  -  -  - - -R-IDA  ASSOCIATES  LIMITED  PARTNERSHIP

12 ,299 . 84
*	- -  -  - - - - -  -  -  -12-, 2-99-. 84-  004212 

12/07/17   00048	12/01/17   1T7R1A2F-F00IC2   S2 I0G1N7A1L2  M3A2 0IN-T5 3D8E0C0-47200 

196 .00

-  -  -  - -  -  -  -  -  -  -  - -  -  -  -  -  -  -  - -  -  -  -  -  -TR-AFFIC  ENGINEERING  &  MANAGEMENT 12/07/17   00049	12/01/17   1M6A7NAGEMEN2 T0 1 F7 E1 E2 S3D1E0C-51 713 00-34000 
12/01/17   1 I6N7FO  TECH2N0O1L7O1G2 Y3D1E0C-15713 00-35100 
12/01/17   1D6I7SSEMINA2T0 I1O7N12FE3E10D-E5C1 31 07 0-31300 

OFFICE SUPPLIES

12/01/17 1 6 7	2017 1 2 310-513 00-51000 
12/01/17 167	201712 310-513 00-42500 
COPIES- - - - - - - - - -  -GO-VERNMENTAL  MANAGEMENT  SERVICES

- - -  - -  -  - - - -  -  - 1-96 -.0 -0   004213 
*	3,050 .25
*	266 . 67
*	83 .33
*	.27
*	4.23
- -  -  - -  -  - - - -  -3-, 40-4-. 7-5   004214 

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

201712 320-53800-46800 

*	250 .00

12/12/17 00022	12/06/17 14893

4 LIGHT BULB/4 GASKET FIX

QTRLY  FOUNTAIN  CLEANING

12/06/17 1  893	2017 1 2 32 0-53 800-46800	*
FOUNTAIN DESIGN GROUP , INC .

520 .00

770 . 00 0042 15 

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

*	- - - - - - - - - - - - - - -

12/19/17   00003	12/12/17   6D-E0L2I1V-E7R4Y-2 01 21 7/ 01 25/ 1371 0-51300-42000 
- - - - - -  -  -  -  - -  -  -  - -  - -  -  -  - -  -  - -  - - -FE-DEX
12/19/17   00056	12/13/17   5V4A7L0V7E-BAD2 0S1O7L1E2NO32ID0-/C5R3A8C0K0-35100 
12/13/17   5N4O7V0 8. RPRS2W0O1R7N12OU3T2 0/B-R5K3N80P0T-35 100 
12/13/17 54710	201712 320-53800-35100 
12/14/17   5L4E7A2K1   REPL2A0C1E7 1W2EL3L2 0T-O5 3T8A0N0K-46300 
RMV/RPLC DEAD SABLE PALM	WEBER ENVIRONMENTAL SERVICES
CHMP CHAMP GATE TVISCARRA

*	- - -
*
*
*

19 1. 14
-  - - -  -  -  -  -  -1 -91 -. 1-4   004216 133 . 78 
277 .90
260 .53
600 . 00
1,272 .21 004217 

A*P*300R	YEA*R*-*TO-DATE  ACCOUNTS   PAYABLE  PREPAID/COMPUTER  CHECK   REGISTER	RUN	2/06/18	PAGE	2

* CHECK DATES 12/04/2017 - 02/06/2018 

CHAMPIONSGATE - GENERAL FUND BANK A CHAMPIONSGATE COD

CHECK	VEND#	• • • • • INVOICE • . . . .  . • . EXPENSED TO . . .		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT  ACCT#  SUB	SUBCLASS
12/26/17  00073	12/03/17 12032017 201712 300-20700-10000 

STATUS
*

AMOUNT

7, 554 .89

• • • . CHECK . . . . . 
AMOUNT	#

- -

- - - - - -

- - - - - - -  -  -  -  -  -  - F-Y-17-DE-BT  SER-V-ICE-

ASSESS	CHAMPIONSGATE COD C/0 USBANK

*	- -  -  -  -  - - - - - -7 -, 5-54 -.8 -9   004218 

12/26/17  00073	12/26/17 12262017 201712 300-20700-10000 

-

- - - - -

-  -  -  - - - - - - -  -  - F-Y-18-DE-BT  S-ER-V-ICE- A-SSESS	CHAMPIONSGATE  COD  C/0  USBANK

50 6, 767 .56

- - - - - - - -

- -

506, 767 .56 004219 

12/28/17  00042	12/19/17 786000	201712  320-53800-47300	*	90 .00

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

- - - - - - - -

CHECKING LIGHTS/BREAKER	ALL STATES LIGHTING, INC

- - - - - - - - - -

90 . 00 004220 

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

- - - - -

12/2B/17 00022	12/22/17 15041	201712  320-53800-46800	*	150 .00

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

- - - - - - -

CLEANING  OF  F-NT-N-BO-WL  DEC	FOUNTAIN  DESIGN  GROUP ,   INC .

- - -

150 .00 00422 1

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

12/28/17 00111	12/06/17  7235-1	201712 320-53800-47400 

*	544 . 84

- - - - - -

KENYA CORAL /DAKOTA/N . BEAC	SHERWIN-WILLIAMS

-  -  -  - - - - -  -  - - -5-44 -.84-  004222 

12/29/17 00133	12/29/17  12 122017  201712 310-51300-11000 
REPLC CHK#50276 BOARD MTG 12/29/17 12 122017 201712 310-513 00- 11000 
REPLC CHK#50276 BOARD MTG	JOHN A. LAMBERT
1/03/18  00105	1/02/18  43 102	201801 320-53800-12000 

*	184 .70 
V	184 . 70- 
- - - - - - - - - -
*	12, 299 . 84

00 004223 

ONSITE  MGMT SERVICE JANlB	RIDA ASSOCIATES LIMITED PARTNERSHIP 1/03/18  00048	12/29/17 1712-033 201712 320-53800-47200 
SRVC CALL-RPLC BACKPLATES

1B 00074	12/22/17 4857246	201712 310-51300-32300 

1/02/18 180 1-004 201801 320-53800-47200 

- -  -  -  -  -  -  -  -  -  -12 -, 29-9 -. 8 -4   004224 
*	588 . 00
*	196. 00

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

AF- -FIC-E-SIGN-AL  MAINT  JAN     TRAFFIC  ENGINEERING  &  MANAGEMENT

-  -  -  - - - -  -  -  -  -  -7 -84 -. 0-0   004225 

1/03/ 

-	- - - - - - - -

*	4,336 . 94

FY18 TRUSTEE FEES

U.S. BANK

- - -  -  -  - - - - -  -4 -, 3-36 -. 94-

004226 

1/09/18 00030 

1/03/18  15473	201712 310-51300-31500 

*	1,054 .50

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

- - -

MTG/CONTRCT/AGND/AGRMT	CLARK & ALBAUGH , LLP

-  -  - - - -  -  - -  - -1-, 0-54 -.5 -0   004227 

1/09/18 00026 

1/01/18 335664	201801 320-53800-46800 
WATER MGMT SERVICES JANlB	THE LAKE DOCTORS , INC .
CHMP CHAMP GATE TVISCARRA

*	464 . 00

464 . 00 004228 

CHAMPIONSGATE -	EN AL FUND

A*P* *3 0C0HRECK  DATES   12/04/2017   -   02/06/201Y8EA* R* -*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN	2/06/18	PAGE	3
BANK  A  CHAMPIONSGATE  CDD

CHDAECTKE

VEND#	. . D. A• T. EINVOINVEO• I. C. E. .   . Y. R. MEXOPENDPSTEDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME

STATUS

AMOUNT

A. M. O. U. NCHTECK . . #. . . 

1/09/18 00056 

1/09/18 00057 

1/01/18   5G4R7O8U7ND  MA2 0IN1T8E0N1AN3 C2E0-J5A3N8 1080-4 6200 
- - - - - - - - - - - - - - - - - -WE-BER  ENVIRONMENTAL  SERVICES
1/05/18   3S5E7C2U7R8 ITY2 S0E1R8V0I1CE3 S2-0 -JA5N3 81 800-34500 

*	11,631.9 1

*

- - - - - - - - -·  - -1 1-,6 -31 -. 9 -1   004229 3,552. 00

OSCEOLA COUNTY SHERIFF
1/09/18   00056	12/01/17   5G4R5O3U4ND  MA2 0IN1T7E1N2AN3C2E0-D5E3C80107-4 6200 
1/05/18   5I4N9S1T0 .3  RO2 T0O1 R8S01TU3R2F0-C5O3V8R0A0G-35100 

- - - - - - - - - - -3 -, 5-52-.00-
*	11,631.9 1
*	457 . 62

004230 

1/09/18 00049 

WEBER ENVIRONMENTAL SERVICES
1/02/18   1M6AN8  AGEMEN2 T0 1F8E0E1 S3J1A0N-5181300-34000 
1/02/18   1I6N8FO  TECH2N0O1L8O0G1Y3J1A0N-5181300-35100 
1/02/18   1D6 8ISSEMINA2 0TI1O8N01FE3E10J-A5N1 3108 0-31300 
1/02/18   1O6 F8 FICE  SU2 P0 P1 L8 0IE1 S310-51300-51000 

- - - - - - - - - - -12 -, 0-89 -. 5-3   00423 1
*	3, 050 .25
*	266 .67 
*	83 .33
*	23. 13 
*

1/02/18   1P6O8 STAGE
1/02/18   1C6O8 PIES

201801 310-51300-42000 
201801 310-51300-42500 

9. 13
*	52 .95
*

1/16/18 00095 

1/02/18   1T6E8LEPHONE201801   310-51300-41000 

CDD  MTG/SPEED  HUMP  PLAN

- - - - - - - - - - - - - - - - - -GO-VERNMENTAL  MANAGEMENT  SERVICES 1/09/18 262158	2 017 12 3 10-51300-31100 
HANSON WALTER & ASSOCIATES, INC .

16 .91
- - - - - - - - - - -3-, 5-02 -.3 -7   004232 
*	531 . 25
*	- - - - - - - - - - - -5-3 1-. 25- 004233 

ORLANDO SENTINEL

1/16/18   00004	12/01/17   3N4O7T5 4. O9F4  M2EE0T1 I7N1G2-31 21 0/-1 25/113700-48000 

200 . 00
*	- - - - - - - - - - - -2 -00 -. 00- 004234

1/26/18 00042 

1/26/18 00056 

1/15/18   7 R8 P6L5C79 2  LA2M0P1 8/02 1 SO3C2K0T-5/B3A8 0L0S-T4 7300 
- - - - - - - - - - - - - - - - - -AL-L  STATES  LIGHTING ,   INC 1/16/18   5 I4N9 S4T4 . SPRA2 Y01C8O0V1ER3A2G0E-5A3N8N00. -46300 
1/16/18   5R4P9R45MAINL2 I0N1E8 0L1EA3K20F-5IT3 8. 0CR0K-35100 
WEBER ENVIRONMENTAL SERVICES CHMP CHAMP GATE TVISCARRA

*	- - -
*

895 .50
- - - - - - - - -8-95-. 5-0   004235 216 .97 
286 . 10
503 .07 004236 

CHAMPIONSGATE COD

A*P* 3*0 0CRHECK  DATES  12/04/2017   -  02/06/201Y8EA* R* -*TO-DATECAHACMCOPUINONTSGAPATYEAB-LEGEPNREREAPALIFDU/CNODMPUTER  CHECK  REGISTER	RUN	2/06/18	PAGE	4
BANK  A

CHDAECTKE

VEND#	• • D• A• T• EINVOIINCVEO. I• C• E• •   . Y• R• MEXOPENOPSTEDATCCOT. #. . SUB	SUBCLASS

VENDOR NAME	STATUS

AMOUNT

A. M• O• U• NCTHECK • • #• • • 

1/28/18 00073 

2/06/18 00030 

2/06/18 00022 

2/06/18 00026 

1/28/18   0F1 Y2 8128 0D1E8BT2 0S1E8R0V1 IC3E0 0A-S2S0E7S0S0-10000 
-  -  -  -  - - - - - - -  - - - - -  -CH-AMPIONSGATE  COD  C/0  USBANK 2/01/18   1L5A5U4R2A  LAN2E0 1E8A0S1EM3E1N0T- 5S1E3R0V0-S 31500 
- - - -  - - - - - - - -  -  -  -  -  -  -CL-ARK  &  ALBAUGH ,   LLP 1/25/18   1F5O2U3N9TAIN2B0O1W8L01CL3E2A0N-5J3A8N0 01-8 46800 
- - - -  -  -  - - - - -  -  - -  - -  -FO-UNTAIN  DESIGN  GROUP ,   INC .
2/01/18   3M4T0H7L9Y7  WA.T2E0R1 8M0G2MT3 2 S0E-R5V3 8F0E0B-46800 

*	706,442. 05

*	3,275 . 00

*	150 . 00

*	464 . 00

706 , 442 .05 004237 

3,275 .00 004238 

150 . 00 004239 

2/06/18 00057 

-  - -  -  -  -  -  -  -  -  - - - - - - -  -TH-E  LAKE  DOCTORS ,   INC .
1/25/18   3S5E7C3U5R5ITY2S0E1R8 V0 2ICE3 S2 0F-E5B3 81 08 0-34500 

- - -  -  - -  -  - - - -  -4 6-4 -. 0-0   00424 0
*	3, 552 . 00

12/30/17   9Q5T6Y4 7.3  PED .   CROSSING  S IGNS

2/06/18 00132	12/30/17 95647 

OSCEOLA COUNTY SHERIFF

*	-  -  -  -  -  - - -  -  - -3 -, 5-52 -. 0-0   004241 

2/06/18 00105 

2/06/18 00056 

2 0 1712 3 2 0-5 3 8 00 -53100 

201712 320-538 00-53 100 

12/30/17   9Q5T6Y4 7.2   SPE2E0D1 7L1 2IM3IT20-SI5G3N8S00-53100 
12/30/17   9Q5T6Y4 7.3  DIR2E0C1T7I1O2NA3L20-S 5IG3N8 S00-53 100 
INSTALLATION LABOR FEES	POBLOCKI SIGN COMPANY , LLC 2/05/18 43 136	20 1802 320-53 800-12000 

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

ONSITE PERSONNEL SERV FEB RIDA ASSOCIATES LIMITED PARTNERSHIP

VALVE/DIAPHRAGM  REPAIR

1/24/18 54965	20 1 8 0 1 320 -5 3 800-35100 

REPAIR  MAINLINE  LEAK  @TEE

1/24/18 54970	2 0 1801 320 -53 8 00 -35100 
2/01/18 55008	201802  320-53800-46200 
LANDSCAPE MAINTENANCE FEB WEBER ENVIRONMENTAL SERVICES
TOTAL FOR BANK A
TOTAL FOR REGISTER CHMP CHAMP GATE TVISCARRA

336 .00
*	180 .00
*	798 .00
*	240. 00
-  -  -  - - -  -  - - - -1 -, 5-54 -. 0 -0   004242 
*	12, 299 .84
- - -  -  -  -  -  -  - - -12 -,2-99 -. 8-4   004243 
*	314. 32
*	350 . 72 
*	11,631 . 91
12 ,2 96 . 95 004244 
1, 329, 017 .24
1,329 , 017 .24

AP3 00R	YEA*R* -*TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER  CHECK  REGISTER	RUN    2/06/18	PAGE	1

*** CHECK DATES 12/04/2017 - 02/06/2018 

CBHAANMKPBIOCNHSAGMATPEIO-NCASGPAITAELCDRDESERVE

CHDAECTKE    VEND#	. . D. A. T. EINVOINEVO. I. C. E. .    . Y. R. EMXOPENDPSETDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

A. M. O. U. NCTHECK . • #• . • 

12/07/17   00017	11 /28/17   956 5S5P4EED  H2U0M1P71S2 IG3N2 0/-IN5S3T8A0L0L-60000 

*	7, 500 .00

1/09/18 15136 

POBLOCKI SIGN COMPANY , LLC

*	- -  - -  -  - - - -  -  -7-,5-00-. 00-

000034 

1/26/18 00004 

1/26/18 00018 

INST . PHA2SE0 1P8A0N1EL3 2L0A-K5E3 8F0T0N-60000 
- - - -  - - - -  - - - -  -  -  -  -  -FO-UNTAIN  DESIGN  GROUP ,   INC .
1/25/18   1V8 I0D1E-O02D3ET2 E0 C1 8T0/P1RO3 2C0E-SS5O3R800-60000 

5, 675. 00
- -  -  - - -  -  - - -  -5-, 67-5-. 00-
*	8,639 .00

000035 

TRAFFIC ENGINEERING & MANAGEMENT
TOTAL FOR BANK B TOTAL FOR REGISTER

CHMP CHAMP GATE TVISCARRA

21,8 14 . 00
21,8 14. 00

8, 639 .00 000036 

I\)

•	•	•

•	•	•

•	•	•	•	•	•

• • •

••• •	• •••

ChampionsGate
Community Development District

Unaudited Financial Reporting January 31 , 201 8

•	•	•	•

•	•	•	•	•	•	•	•

•	•	•

Table of Contents

General Fund Income Statement

Debt Service Fund Income Statement

Capital Projects Income Statement

Month to Month

Long Term Debt Summary

Assessment Receipt Schedule

1	Balance Sheet

2

3

4

5

6

7

CHAMPIONSGATE
COMMUN ITY DEVELOPMENT DISTRICT
Balance Sheet • All Fund Types and Accounts G roups January 31 , 2018 

ASSETS

General Fund

Governmental Fund T�ees

I

Debt Service	Capital Projects	Totals Fund		Fund		2018 

Cash
Operating Account

$773,196	---	---	$773, 1 96
---	---

CInuvsetsotdmy eAnctcsount	$5,379

$5,379

---

Reserve -A	---	$1 ,337,656	---	$1 ,337,656
Prepayment - A	$2,767	---	$2,767

Capital Reserves	---

Revenue	---	$1 ,654,75--0-

---	$1 ,654,750
$31 5,598	$31 5,598

TOTAL ASSETS	II	$778,576	$2,995,173	$31 5,598	$4,089,34711

LIABILITIES
Accounts Payable

Fund Eguit� and Other C redits
Restricted for Debt Service

$9,444	---	---
$2,995, 173	---

$9,444

$2,995, 173

Unassigned	$769,132	---

Assigned for Capital Projects	---	---	$31 5,59--8-
TOTAL LIABILITIES & FUND

$315,598
$769, 1 32

EQUITY & OTHER CREDITS	JI	$778,576	$2,995,1 73	$315,598	$4,089,34711

Revenues:

ChampionsGate
CQmmuait� !;l!;!velopment District General Fund
Statement of Revenues & Expenditures For Period Ending January 31, 201 8
General Fund	Prorated Budget	Actual
Bud et	Thru 1/31/18	Thru 1/31/1 8	Variance

$1 7

$17 

Special Assessments	$731 ,679	$675,824	$675,824	$0 Interest		$0		$0
Total Revenues	$731 ,679	$675,824	$675,841

Expenditures:
Administrative
Supervisors Fees	$6,000	$1 ,000	$1 ,000	$0
FICA Expense	$459	$77	$0

$4,445

Engineering	$1 0,000	$3,333	$531	$2,802
Attorney	$22,500	$7,500	$3,055
Annual Audit	$4,400	$4,400	$3,800	$600
Management Fees	$36,603	$1 2,201	$1 2,201	$0
Information Technology	$3,200	$1 ,067	$1 ,067	($0)

$4,337

Collection Agent	$5,000	$5,000	$5,000	$0
Trustee Fees	$4,337	$4,337	$0
Arbitrage Rebate	$600	$0	$0	$0

Dissemination	$1 ,250	$1 ,250
Telephone	$100	$33

$91 7
$16 

Postage	$1 ,200	$400	$220	$180
Insurance	$7,400	$7,400	$6,710	$690
Printing & Binding	$1 ,000	$333	$243
Legal Advertising	$1 ,500	$500	$200	$300
Other Current Charges	$250	$83	$2	$82

$15 

Property Appraiser Fee	$400	$0	$0	$0

$59

Property Taxes	$15	$0
Office Supplies	$250	$83	$25
Dues, Licenses, Subscriptions	$175	$175	$0
Total Admninistratlve	$1 06,639	$49,188	$40,230	$8,958 Maintenance
Property Insurance	$26,000	$26,000	$23,547	$2,453
Landscape Maintenance Contract	$1 39,583	$46,528	$46,528		$0 Landscape Miscellaneous		$8,000		$2,667		$1 ,1 17	$1 ,550
Irrigation System/Maintenance	$1 5,000	$5,000	$2,850	$2,1 50
Irrigation Wells	$7,800	$2,600	$0	$2,600
Lakes/Fountains	$1 3,200	$4,400	$3,226	$1 ,174
Lighting	$1 0,000	$3,333	$4,419	($1 ,085)
Miscellaneous	$2,000	$667	$0	$667
Painting Public Areas	$600	$200	$545	($345)

$3,333

Traffic Signals	$8,000	$2,667	$1 ,372	$1 ,295
Sidewalks	$1 0,000	$3,333	$0
Slgnage	$5,000	$1 ,667	$2,477	($810)
Trash Removal	$2,750	$91 7	$1 ,016	($99)
Electric	$53,000	$17,667	$8,338	$9,328
Water/Sewer	$1 ,000	$333	$287
Security	$45,000	$1 5,000	$1 3,690	$1 ,310 
Onsite Management	$1 47,600	$49,200	$49,1 99
Mosquito Control	$7,600	$2,533	$1 ,870	$663
Transfer Out - Capital Reserve	$1 22,907	$0	$0	$0
Total Maintenance	$625,040	$184,71 1	$1 60,240	$24,471
Total Expenditures	$731 ,679	$233,899	$200,470	$33,429 Excess Revenues (Expenditures)		$0		$475,371
Fund Balance - Beginning	$0	$293,761
Fund Balance • Ending		$0	$769,132 2

ChampionsGate

Debt Service Fund - Series 1 998A Statement of Revenues & Expenditu res For Period Ending January 31 , 201 8

Co m m urty Developm entDis trtt

	Debt Service Bud et	Prorated B udget Thru 1 /31 /18 	Actual Thru 1 /31/1 8	
Variance	
Revenues:					
Special Assessments	$1 ,31 3 ,480	$1 ,21 3,21 0	$1 ,21 3,210 	$0	
Interest	$500	$1 67	$1 ,232	$1 ,065	
Total Revenues	$1 ,31 3,980	$1 ,21 3,376	$1 ,214,441	$1 ,065	
Expe nditu res:					
Interest - 1 1 /1	$11 2,031	$1 1 2,031	$112,031 	$0	
Principal - 5/1	$1, 1 25,000	$0	$0 	$0	
Interest - 5/1	$1 1 2,031	$0	$0 	$0	
Total Expenditures	$1 ,349,062	$11 2,031	$112,031	$0	

Excess Revenues (Expenditures)	
{$35,082}		
$1 ,1 02,41 0		

Fund Balance - Beginning	
$51 2,739		
$1 ,892,763		

Fund Balance - Ending	
$477,657		
$2,995,173		

3

ChampionsGate

Capital Projects Fund
Statement of Revenues & Expenditures For Period Ending January 31 , 2018 

$75,479

Community Development District

	Capital Reserves	Prorated Budget	Actual		
	Bud et	Thru 1/31/18	Thru 1/31/18	Variance	
Revenues:					
Transfer In	$1 22,907	$0	$0	$0	
Interest	$100	$33			
Total Revenues	$1 23,007	$33		$13 	
Expenditures :					
Capital Projects - Other	$1 00,000	$33,333	$75,479	($42,146)	
Total Expenditures	$1 00,000	$33,333		($42,1 46)	

Excess Revenues (Expenditures)	
$23,007		
($75,433)		

Fund Balance - Beginning	
$400,920		
$391 ,031		

Fund Balance - Ending	
$423,927		
$31 5,598		

4

ChampionsGate  COO

�

0cl•16	Nov-1 6	Dec-1 6	Jan-17	Feb•17	Mar-1 7

Mat•1 7	Jun-1 7	Jul-17

ser;1 7	Tolal

Special Assessments	$0	$64,606	$594,105	$17,113	$0	$0	$0	$0	$0	$0	$0	$0	$675,624

Interest	$4

$5	$0	$0

$0	$0	$0	$0	$0	S17

Tota l Revenues	s,
Expenditures:

Administrative

$594,1 10	$17,1 17	$0

$0	$0

10	$0	$0

Supervisors Fees	$0	$1 ,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,000

FICA Expense

$0	$77	$0	$0	$0	$0	$0	$0	$0	$0

$77

Engineering	$0	so	$531	$0	$0	$0	$0	$0	so	$0	$0	$531
Altomey		$116		so	$1 ,055	$3,275	$0	$0	$0	$0	$0	$0	$0	$0	$4,445 Annual Audit			$0		$0		$0	$3,800	$0	$0	$0	$0	$0	$0	$0	$0	$3.800 Management Fees	$3,050	$3,050	$3,050	$3,050	$0	$0                    $0                    $0                    $0                      $0                      $0                     $0                      $12,201
lnfonnation Technology	$267	$267	S267	$267	$0	$0	$0	so	so	so	so        so	$1 ,067

Collection Agent	SS,000	so	so	so	$0	$0	so	so	$0	so	so

$5,000

Trustee Fees	so	so	$4,337	$0	$0	$0	so	$0

$0	$0	$0	$4,337

$83
$17

Arbitrage Rebate	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Dissemination	$83

$83

$0	$0	$0	$0	$0	$0	$0	$0	$333

Telephone	$0	$0	$0

$0	$0	$0	so	$0	$0	$0	$0	$17

Postage	$12	SB	$191	$9	$0	$0	$0	$0	$0	$0	$0	$220

Insurance	$6,710

so	$0	$0	$0	$0	$0	$0	$0	$0	$0	S6,710

Printing & Binding

S10	$4

so	$0	so	$0	$0	so	$0	$0

Legat Advertising	$0

$200	$0	so	$0	so	$0	$0	so	so	$0	S200

Other Cunenl Charges	$0	$2	$0

$0	so

$0	$0	so	so	$0	$2

Property Appraiser Fee	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Property Taxes	$0	$0	so	$0	$0	so	$0	so	$0	$0	$0	$0	$0

Office Supplies	$1	$1	$0	$23	$0	$0	$0
Dues, Licenses, Subscriptions	$175	$0	$0	$0	$0	$0	so	$0

$0	$0	$0	so
$0	$0	$0	$175

Total Administrative	S15.437	$3.420	$10 795	$10 577	$0	$0	$0

$0	$0	$0	$0

�
Property Insurance	$23,547

$0	$0

$0	$0	$0	$0	$0	$0	$0	$23,547

Landscape Maintenance Contract	$11 ,632	$11,632	$1 1,632	$11 ,632	$0	$0	$0	$0	$0	$0	$0	$0	$46,528
Landscape Miscellaneous	$300	$0	$600	$217	$0	$0	$0	$0	$0	$0	$0	$0	$1,1 17 

lrrigalion System/Maintenance	$188	$581	$672	$1 ,409	$0	$0	$0	$0	$0	$0	$0

$2,850

Irrigation Wells	$0

$0	so	$0	$0	$0	$0

$0	$0	$0

Lakes/Fountains	$614	$614	$1 ,384	$614	$0	so	$0

$0	$0	$0	$0	$3.226

$3,433

Ughting	so	$896	$0	so	$0	$0	so	$0	$0	so	$4,419

$545

Miscellaneous	so	$0	$0	$0	$0	so	$0

$0	$0	$0	$0	$0

Painting Public Areas	$0	$0

$0	$0	so	$0	$0	$0	$0

Traffic Signals	$196	$196	$784	$196	$0	$0	$0	so	$0	$0	$0	$0	$1 ,372

$2,477

Sidewalks	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

$254

Signage	$923	$0	$1 ,554	$0	$0	$0	$0	$0	$0	$0	$0

$1,935

Trash Removal	$252	$252

$257	$0	$0	$0	$0

$0	$0	so	$1,016

Electric	$1 ,888

S2,219	$2,296

$0	so	$0	$0	$0	$0	$8,338

$3,719

WatedSewer	$14	S10	$12	$11	$0	$0	$0	so	$0	so	$0	$0	$46

Security

$3,885	$2,535	$3,552	$0	$0

$0	$0	$0

$13,690

Onsite Management	$12,300	$12,300	$12,300	$12,300	$0	$0	$0	$0	$0	$0	$0	$0

Mosquito Control	S935	$935	$0

$0	.$0	$0	so	$0	$0	$0	so	$1 ,870

Transfer Out • Capital Reserve	$0	$0	$0	$0	$0	so	$0	$0	so	$0	$0

Total Maintenance	$561507

$71,945

Total Expenditures

$0	$0	$0	$0	$0	$0	so

$33,379

$160,240
$200,470

$39,193	$45,376	$43, 956	$0	$0	$0	l!O	$0	$0

Excess Revenues (Expenditures)	1571,941!	$251417	$5481734

$0	$0	$0	$0	$0	$0	$0	$0	$475,371

5

ChampionsGate

LONG TERM DEBT REPORT

SERIES 1 998A, CAPITAL IMPROVEMENT REVENUE BONDS

Commu n ity Development District

INTEREST RATE :	6.25%	
MATURITY DATE :	5/1 /2020	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESE RVE FUND REQUIREMENT	$1 ,337,656	
RESE RVE FUND BALANCE	$1 ,337,656	
BONDS OUTSTANDING - 9/30/1 3	$7,765,000	
LESS: PRINCIPAL PAYMENT 5/1 /1 4	($91 5,000)	
LESS: PRINCIPAL PAYMENT 5/1 /1 5	($970,000)	
LESS: PRINCIPAL PAYMENT 5/1 /1 6	($ 1 ,035,000)	
LESS: SPECIAL CALL 5/1 /1 6	($40,000)	
LESS: SPECIAL CALL 11 /1 /1 6	($75,000)	
LESS: PRINCIPAL PAYMENT 5/1 /1 7	($ 1 ,075,000)	
LESS: SPECIAL CALL 5/1 /1 7	($70,000 '	
CURRENT BONDS OUTSTANDING	$3,585 000	

6

CHAMPIONSGATE
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS · FY2018 TAX COLLECTOR
Gross Assessments   $      2,167,870     $	ns,sa1   $	1,392,289

Date Received

Dist.

Gross Assessments Received

Discounts/	Commissions

Penalties

Paid

Interest Income

Net Amount Received

General Fund 35.78%

1998A
Debt Svc Fund
64.22%

Total
100%

11/6/17
11/24/17
12/15/17
12/28/17
1/16/18
1/26/18

ACH ACH ACH ACH ACH ACH

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

s

6,711.54
185,326.35
646,767.65
1,115,708.76
49,842.64

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

355.94

7,412.76   $
25,868.75  $
42,099.91  $
1,488.11  $
$
$
$
$
$
$
$
$

s

3,558.27

127.11 s

$

s 174,355.32 $

s	6,228.49 $

2,228.32
62,377.66
217,691.19
376,414.25

$

4,000.17

6,228.49

111,977.66 $

$

174,355.32

s

$

s

$

$

12,417.98  $
21,472.17  $
967.11  $
$
$
$
$
$s
$
$
$
$
$
$
$
38,542.64  $

$    608,480.92   $
$ 1,052,136.68  $

$

$ 390,789.73 $ 608,480.92

47,387.42 $

16,953.41

$ 675,722.43 $ 1,052,136.68

$
444.71   $s
$
$
$
$
$
$
$
$s
$
$

444.71

$

$
$
$
$
$
$
$
$

$

$

$

s

s
$

$

s

159.10 $
$
$
$
$
$
$
$
$
$
$
$
$

30,434.01  $
285.61   $
$
$
$
$
$
$
$
$
$s
$
$

47,387.42
444.71

Totals

2,004,356.94

s
$
77,225.47 $

$

444.71

$ 1,889,033.54

s
$

675,823.93

$ 1,213,209.61 $ 1,889,033.54

Net Assessments   $    2,037,797    $	729,046    $	1,308,751

7