Sandmine Road Community Development District

Meeting Agenda April 17, 2025

Agenda

April 10, 2025

Sandmine Road
Community Development District
219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Board of Supervisors Sandmine Road
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Sandmine Road Community Development District will be held on Thursday, April 17, 2025 at 2:00 PM at the Windsor Island Resort Clubhouse, 1115 Aloha Blvd., Davenport, Florida 33897. Following is the advance agenda for the meeting:

Board of Supervisors Meeting
Roll Call
Public Comment Period
Approval of Minutes of the February 20, 2025 Meeting
Consideration of Resolution 2025-03 Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing
Appointment of Audit Committee and Chairman
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Registers
Balance Sheet and Income Statement
Field Manager’s Report
Other Business
Supervisors Requests
Adjournment
Audit Committee Meeting
Roll Call
Public Comment Period
Audit Services
Approval of Request for Proposals and Selection Criteria
Approval of Notice of Request for Proposals for Audit Services
Public Announcement of Opportunity to Provide Audit Services
Adjournment

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
George S. Flint District Manager

CC:	Tucker Mackie, District Counsel Broc Althafer, District Engineer Darrin Mossing, GMS

Enclosures

Board of Supervisors Meeting

Minutes

MINUTES OF MEETING SANDMINE ROAD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Sandmine Road Community Development District was held Thursday, February 20, 2025, at 2:00 p.m. at 1115 Aloha Blvd, Davenport, Florida.

Present and constituting a quorum were:

Eric Baker	Chairman
Chris Wrenn	Vice Chairman
Tom Franklin	Assistant Secretary
Duane “Rocky” Owen	Assistant Secretary Also present were:
George Flint	District Manager
Tucker Mackie	District Counsel
Broc Althafer	District Engineer
Thomas Santos	Field Manager

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

SECOND ORDER OF BUSNESS	Public Comment Period
Mr. Flint stated there were no members of the public present.

THIRD ORDER OF BUSINESS	Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members
Mr. Flint administered the oaths of office to Mr. Franklin and Mr. Owen.

Consideration of Resolution 2025-01 Canvassing and Certifying the Results of the Landowners’ Election
Mr. Flint stated the Landowner Election was held November 2024 and Mary Burns, Rocky Owen, and Tom Franklin were elected to the Board. Mary and Rocky have four-year terms and Tom has a two-year term.

February 20, 2025	Sandmine Road CDD

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, Resolution 2025-01 Canvassing and Certifying the Results of the Landowner’s Election, was approved.

Election of Officers
Consideration of Resolution 2025-02 Electing Officers
Mr. Flint stated currently Eric Baker is Chair, Chris Wrenn is Vice Chair, Mary Burns is an Assistant Secretary. The other two Board Members are no longer on the Board. Mr. Flint is Secretary, Jill Burns is Treasurer, Katie Costa and Darrin Mossing are Assistant Treasurers. He noted they can keep the same officers and name Mr. Franklin and Mr. Owen as Assistant Secretaries.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, Resolution 2025-02 Electing Officers as slated above, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the September 19,
2024 Board of Supervisors Meeting and Acceptance of Minutes of the November 5, 2024 Landowners’ Meeting
Mr. Flint presented the minutes from the September 19, 2024 Board of Supervisors meeting and acceptance of the minutes from the November 5, 2024 Landowner’s Meeting. He asked for any comments or corrections. The Board had no changes to the minutes.

On MOTION by Mr. Baker, seconded by Mr. Franklin, with all in favor, the Minutes of the September 19, 2024 Board of Supervisors Meeting were approved as presented and the Minutes from the November 5, 2024 Landowner’s Meeting, were accepted.

FIFTH ORDER OF BUSINESS	Ratification of Series 2022 Requisitions
#14 – #15
Mr. Flint noted requisition #14 is for Kutak Rock and #15 is for Pulte for $82,817.56.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, Series 2022 Requisitions #14 - #15, were ratified.

SIXTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year
2023 Audit Report
Mr. Flint stated this is a clean audit with no comments or recommendations.

February 20, 2025	Sandmine Road CDD

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, Accepting the Fiscal Year 2023 Audit Report, was approved.

SEVENTH ORDER OF BUSINESS	Ratification of Agreement with Grau &
Associates to Provide Auditing Services for the Fiscal Year 2024
Mr. Flint noted the District has an agreement with Grau & Associates to provide auditing services for FY24.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, the Agreement with Grau & Associates to Provide Auditing Services for the Fiscal Year 2024, was ratified.

EIGHTH ORDER OF BUSINESS	Ratification  of  Polk  County  Property
Appraiser Agreements
2025 Contract Agreement for Special Assessments of Non-Ad Valorem Taxes
2025 Data Sharing and Usage Agreement
Mr. Flint reviewed these are the two agreements with the property appraiser to be able to use the tax bill for the collection method. There is the agreement related to assessments and then the data sharing and usage agreement.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, the Polk County Property Appraiser Agreements, were ratified.

NINTH ORDER OF BUSINESS	Discussion of HOA Request to Construct
Dog Park on CDD Property
Mr. Flint received a request to potentially construct a dog park on CDD property with two parcels identified. After talking with the Chair, he would like to defer any action on this at this point. Mr. Baker will reach out to the HOA’s attorney to discuss this.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, CDD Denying the HOA Request to Construct Dog Park on CDD Property, was approved.

TENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Mackie had nothing to report but offered to answer any questions.

Engineer

February 20, 2025	Sandmine Road CDD

Mr. Althafer had nothing to report to the Board.

District Manager’s Report
Approval of Check Register
Mr. Flint presented the September check register for $52,534.67 and the December check register for $94,553.70.

On MOTION by Mr. Baker, seconded by Mr. Wrenn, with all in favor, the Check Registers, were approved.

Balance Sheet and Income Statement
Mr. Flint presented the unaudited financials through the end of December. No action was required.
Presentation of Arbitrage Rebate Calculation Reports
Series 2020 Bonds (Assessment Area One)
Series 2021 Bonds (Assessment Area Two)
Series 2022 Bonds (Assessment Area Three)
Mr. Flint presented the arbitrage rebate calculation reports. He noted that this is an IRS requirement. The 2020 bonds had a negative rebatable arbitrage of $118,000, 2021 bonds had a negative of $172,000 and 2022 bonds had a negative $69,000.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, the Arbitrage Rebate Calculation Reports, were approved.

Field Manager’s Report
Ratification of Hurricane Tree Removal and Tree Resetting Proposals
Mr. Santos asked the Board to ratify the hurricane tree removal and tree setting proposals for $2,430.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, the Hurricane Tree Removal and Tree Resetting Proposals, were ratified.

Fence Repair Proposal
Mr. Santos presented the Peick Painting and General Services proposal for fence repair for
$12,500.

February 20, 2025	Sandmine Road CDD

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, the Fence Repair Proposal, was approved.

ELEVENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TWELFTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

THIRTEENTH ORDER OF BUSINESS	Adjournment
Mr. Flint asked for a motion to adjourn the meeting.

On MOTION by Mr. Wrenn, seconded by Mr. Baker, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FISCAL YEAR 2025/2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Sandmine Road Community Development District (“District”) prior to June 15, 2025, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2025/2026”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	July 17, 2025

HOUR:	2:00 PM

LOCATION:	Windsor Island Resort Clubhouse 1115 Aloha Blvd.
Davenport, FL 33897

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT(S).
The District Manager is hereby directed to submit a copy of the Proposed Budget to the local general- purpose governments at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this

Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 17TH DAY OF APRIL 2025.

ATTEST:	SANDMINE ROAD COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Exhibit A:	Proposed Budget

Sandmine Road
Community Development District

Proposed Budget
FY2026

6M3

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Capital Reserve Fund	

8	

Series 2020 Debt Service Fund	

9	

Series 2020 Amortization Schedule	

10	

Series 2021 Debt Service Fund	

11	

Series 2021 Amortization Schedule	

12	

Series 2022 Debt Service Fund	

13	

Series 2022 Amortization Schedule	

Sandmine Road
Community Development District Proposed Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	368,473	$	327,948	$	40,525	$	368,473	$	368,473	
Total Revenues	$	368,473	$	327,948	$	40,525	$	368,473	$	368,473	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	-	$	7,000	$	7,000	$	12,000	
FICA Expense	$	918	$	-	$	536	$	536	$	918	
Engineering	$	12,000	$	175	$	3,203	$	3,378	$	12,000	
Attorney	$	25,000	$	1,876	$	2,626	$	4,502	$	25,000	
Annual Audit	$	7,000	$	-	$	7,000	$	7,000	$	7,100	
Arbitrage Fees	$	1,350	$	1,350	$	-	$	1,350	$	1,350	
Dissemination Fees	$	11,025	$	4,594	$	6,431	$	11,025	$	11,356	
Assessment Administration	$	5,565	$	5,565	$	-	$	5,565	$	5,732	
Trustee Fees	$	12,123	$	12,122	$	-	$	12,122	$	13,303	
Management Fees	$	45,000	$	18,750	$	26,250	$	45,000	$	46,350	
Information Technology	$	1,392	$	580	$	812	$	1,392	$	1,434	
Website Maintenance	$	697	$	290	$	407	$	697	$	718	
Telephone	$	300	$	-	$	50	$	50	$	200	
Postage	$	1,000	$	348	$	419	$	766	$	1,000	
Printing & Binding	$	200	$	6	$	50	$	56	$	100	
Office Supplies	$	100	$	1	$	25	$	26	$	100	
Insurance	$	6,363	$	6,190	$	-	$	6,190	$	7,119	
Legal Advertising	$	5,000	$	1,135	$	1,089	$	2,223	$	5,000	
Other Current Charges	$	1,000	$	207	$	290	$	497	$	1,000	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	148,208	$	53,363	$	56,187	$	109,550	$	151,954	

Sandmine Road
Community Development District Proposed Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	
Operations & Maintenance						
Field Expenditures						
Property Insurance	$	7,500	$	6,250	$	-	$	6,250	$	8,479	
Field Management	$	15,750	$	6,563	$	9,188	$	15,750	$	16,538	
Landscape Maintenance	$	102,700	$	37,068	$	52,350	$	89,418	$	86,940	
Landscape Enhancements	$	10,000	$	5,109	$	1,355	$	6,463	$	30,000	
Pond Discing	$	-	$	-	$	-	$	-	$	8,100	
Electric	$	5,000	$	-	$	2,500	$	2,500	$	-	
Water & Sewer	$	36,000	$	1,265	$	12,750	$	14,015	$	9,500	
Fountain Maintenance	$	7,000	$	2,500	$	3,500	$	6,000	$	8,500	
Irrigation Repairs	$	5,000	$	2,134	$	2,866	$	5,000	$	5,500	
General Repairs & Maintenance	$	7,500	$	6,250	$	6,250	$	12,500	$	15,000	
Wall Maintenance	$	10,000	$	-	$	5,000	$	5,000	$	10,000	
Contingency	$	5,000	$	2,431	$	2,569	$	5,000	$	7,500	
Subtotal Field Expenditures	$	211,450	$	69,568	$	98,327	$	167,896	$	206,057	

Other Expenditures						
Capital Reserves - Transfer	$	8,815	$	-	$	8,815	$	8,815	$	10,462	
Total Other Expenditures	$	8,815	$	-	$	8,815	$	8,815	$	10,462	

Total Expenditures

$	368,473	$

122,931	$	163,329	$	286,260	$	368,473

Excess Revenues/(Expenditures)  $

-

$

205,017	$  (122,804)  $

82,213	$

-

Product	Assessable Units	Net Assessment	
Net Per Unit (7%)	
Gross Per Unit	
Tax Roll					
Townhouse - 25'	272	$	111,857.87	$	411.24	$	442.20	
Single Family - 40'	245	$	107,471.29	$	438.66	$	471.68	
Single Family - 50'	272	$	149,143.83	$	548.32	$	589.59	
Total Tax Roll	789	$	368,473			

Product	FY2026 Gross Per Unit	FY2025 Gross Per Unit	Increase/ (Decrease)	
Townhouse - 25'	$	442.20	$	442.20	$	-	
Single Family - 40'	$	471.68	$	471.68	$	-	
Single Family - 50'	$	589.59	$	589.59	$	-	

Sandmine Road Community Development District
General Fund Budget

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The district is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Arbitrage Fees

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Special Assessment Bond.

Dissemination Fees

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional report requirements for unrated bond issues.

Trustee Fees

The District will pay annual fees for Series 2020, 2021, and 2022 Special Assessment Revenue Bonds that are deposited with a Trustee at US Bank, N.A.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services.

Sandmine Road
Community Development District
General Fund Budget

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Website Maintenance

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

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Office Supplies

Miscellaneous office supplies.

Insurance

The District’s general liability, public officials liability and property insurance coverages.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Cemmerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses:

Property Insurance

The District’s property insurance coverages.

Sandmine Road
Community Development District
General Fund Budget

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Exclusive Landscaping	
$ 72,040.00	
Toole's Tractor Services	$	8,100.00	
Toole's Tractor Services - Additional Pond	$	1,800.00	
Miscellaneous	  $	5,000.00 	
	$ 86,940.00	

Landscape Enhancements

Represents the estimated cost of replacing landscaping within the common areas of the District.

Pond Discing

Represents the estimated cost of performing mechanical discing in and around pond areas to control vegetation, reduce sediment buildup, and support proper drainage and ecological health within the District’s water bodies.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Fountain Maintenance

Represents the estimated costs of maintaining the fountains for the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Wall Maintenance

Represents estimated costs for general repairs and maintenance of the wall.

Sandmine Road
Community Development District
General Fund Budget

Contingency

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

Sandmine Road
Community Development District
Proposed Budget Capital Reserve Fund

Adopted Budget	Actual Through	Projected Next	Projected Through	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues

Carry Forward Surplus	

$	308,961	

$	442	

$	-	

$	442	

$	9,257	
Total Revenues	$	308,961	$	442	$	-	$	442	$	9,257	

Expenses						
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources						
Transfer In/(Out)	$	8,815	$	-	$	8,815	$	8,815	$	10,462	
Total Other Financing Sources (Uses)	$	8,815	$	-	$	8,815	$	8,815	$	10,462	
						
Excess Revenues/(Expenditures)	$	317,776	$	442	$	8,815	$	9,257	$	19,720	

Sandmine Road
Community Development District Proposed Budget
Debt Service Fund Series 2020

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Assessments - On Roll	$	363,719	$	323,716	$	-	$	323,716	$	363,719	
Interest	$	7,000	$	4,919	$	6,887	$	11,806	$	5,000	
Carry Forward Surplus (1)	$	149,067	$	145,606	$	-	$	145,606	$	115,477	
Total Revenues	$	519,786	$	474,241	$	6,887	$	481,128	$	484,196	

Expenditures						
Interest - 11/1	$	108,728	$	108,728	$	-	$	108,728	$	106,825	
Principal - 5/1	$	145,000	$	-	$	145,000	$	145,000	$	150,000	
Interest - 5/1	$	108,728	$	-	$	108,728	$	108,728	$	106,825	
Total Expenditures	$	362,456	$	108,728	$	253,728	$	362,456	$	363,650	
Other Sources/(Uses)						
Transfer In/Out	$	-	$	(3,195)	$	-	$	(3,195)	$	-	
Total Other Sources/(Uses)	$	-	$	(3,195)	$	-	$	(3,195)	$	-	
						
Excess Revenues/(Expenditures)	$	157,330	$	362,318	$	(246,841)	$	115,477	$	120,546	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Interest - 11/1  $

104,481.25

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse - 25'	122	$	88,989	$	729.42	$	784.32	
Single Family - 40'	92	$	122,052	$	1,326.65	$	1,426.51	
Single Family - 50'	92	$	152,678	$	1,659.54	$	1,784.45	
Total Tax Roll	306	$	363,719			

Sandmine Road Community Development District Series 2020 Special Assessment Bonds
AMORTIZATION SCHEDULE

Date	Balance	Principal	Interest	Total

11/01/25	$	5,900,000.00	$	
05/01/26	$	5,900,000.00	$	150	
11/01/26	$	5,750,000.00	$	
05/01/27	$	5,750,000.00	$	155	
11/01/27	$	5,595,000.00	$	
05/01/28	$	5,595,000.00	$	160	
11/01/28	$	5,435,000.00	$	
05/01/29	$	5,435,000.00	$	165	
11/01/29	$	5,270,000.00	$	
05/01/30	$	5,270,000.00	$	170	
11/01/30	$	5,100,000.00	$	
05/01/31	$	5,100,000.00	$	175	
11/01/31	$	4,925,000.00	$	
05/01/32	$	4,925,000.00	$	180	
11/01/32	$	4,745,000.00	$	
05/01/33	$	4,745,000.00	$	190	
11/01/33	$	4,555,000.00	$	
05/01/34	$	4,555,000.00	$	195	
11/01/34	$	4,360,000.00	$	
05/01/35	$	4,360,000.00	$	205	
11/01/35	$	4,155,000.00	$	
05/01/36	$	4,155,000.00	$	210	
11/01/36	$	3,945,000.00	$	
05/01/37	$	3,945,000.00	$	220	
11/01/37	$	3,725,000.00	$	
05/01/38	$	3,725,000.00	$	225	
11/01/38	$	3,500,000.00	$	
05/01/39	$	3,500,000.00	$	235	
11/01/39	$	3,265,000.00	$	
05/01/40	$	3,265,000.00	$	245	
11/01/40	$	3,020,000.00	$	
05/01/41	$	3,020,000.00	$	255	
11/01/41	$	2,765,000.00	$	
05/01/42	$	2,765,000.00	$	265	
11/01/42	$	2,500,000.00	$	
05/01/43	$	2,500,000.00	$	275	
11/01/43	$	2,225,000.00	$	
05/01/44	$	2,225,000.00	$	285	
11/01/44	$	1,940,000.00	$	
05/01/45	$	1,940,000.00	$	295	
11/01/45	$	1,645,000.00	$	
05/01/46	$	1,645,000.00	$	305	
11/01/46	$	1,340,000.00	$	
05/01/47	$	1,340,000.00	$	315	
11/01/47	$	1,025,000.00	$	
05/01/48	$	1,025,000.00	$	330	
11/01/48	$	695,000.00	$	
05/01/49	$	695,000.00	$	340	
11/01/49	$	355,000.00	$	
05/01/50	$	355,000.00	$	355	
			$	6,045	

$	106,825.00	$	360,553.13	
$	106,825.00	$	-	
$	104,481.25	$	361,306.25	
$	104,481.25	$	-	
$	102,059.38	$	361,540.63	
$	102,059.38	$	-	
$	99,559.38	$	361,618.75	
$	99,559.38	$	-	
$	96,981.25	$	361,540.63	
$	96,981.25	$	-	
$	94,325.00	$	361,306.25	
$	94,325.00	$	-	
$	91,153.13	$	360,478.13	
$	91,153.13	$	-	
$	87,890.63	$	359,043.75	
$	87,890.63	$	-	
$	84,446.88	$	362,337.50	
$	84,446.88	$	-	
$	80,912.50	$	360,359.38	
$	80,912.50	$	-	
$	77,196.88	$	363,109.38	
$	77,196.88	$	-	
$	73,390.63	$	360,587.50	
$	73,390.63	$	-	
$	69,403.13	$	362,793.75	
$	69,403.13	$	-	
$	65,325.00	$	359,728.13	
$	65,325.00	$	-	
$	61,065.63	$	361,390.63	
$	61,065.63	$	-	
$	56,625.00	$	362,690.63	
$	56,625.00	$	-	
$	51,843.75	$	363,468.75	
$	51,843.75	$	-	
$	46,875.00	$	363,718.75	
$	46,875.00	$	-	
$	41,718.75	$	363,593.75	
$	41,718.75	$	-	
$	36,375.00	$	363,093.75	
$	36,375.00	$	-	
$	30,843.75	$	362,218.75	
$	30,843.75	$	-	
$	25,125.00	$	360,968.75	
$	25,125.00	$	-	
$	19,218.75	$	359,343.75	
$	19,218.75	$	-	
$	13,031.25	$	362,250.00	
$	13,031.25	$	-	
$	6,656.25	$	359,687.50	
$	6,656.25	$	361,656.25	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

3,464,112.50	$

9,759,678.13

Sandmine Road
Community Development District Proposed Budget
Debt Service Fund Series 2021

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Assessments - On Roll	$	419,274	$	373,161	$	46,113	$	419,274	$	419,274	
Interest	$	9,000	$	3,871	$	5,420	$	9,291	$	9,000	
Carry Forward Surplus (1)	$	328,131	$	359,646	$	-	$	359,646	$	371,611	
Total Revenues	$	756,405	$	736,679	$	51,532	$	788,211	$	799,886	

Expenditures						
Interest - 11/1	$	126,380	$	126,380	$	-	$	126,380	$	124,483	
Principal - 11/1	$	165,000	$	165,000	$	-	$	165,000	$	170,000	
Interest - 5/1	$	124,483	$	-	$	124,483	$	124,483	$	122,528	
Total Expenditures	$	415,863	$	291,380	$	124,483	$	415,863	$	417,010	
Other Sources/(Uses)						

Transfer In/Out	$	-	$	(737)	
$	-	
$	(737)	
$	-	
Total Other Sources/(Uses)	$	-	$	(737)	$	-	$	(737)	$	-	

Excess Revenues/(Expenditures)	$	340,542	$	444,562	$	(72,951)  $

371,611	$	382,876

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Interest - 11/1  $

122,527.50

Principal - 11/1  $	170,000.00 
Total  $	292,527.50 

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse - 25'	72	$	52,530	$	729.59	$	784.51	
Single Family - 40'	105	$	139,332	$	1,326.97	$	1,426.85	
Single Family - 50'	137	$	227,412	$	1,659.94	$	1,784.88	
Total Tax Roll	314	$	419,274			

Sandmine Road Community Development District Series 2021 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/25	$	7,015,000.00	$	170	
05/01/26	$	6,845,000.00	$	
11/01/26	$	6,845,000.00	$	170	
05/01/27	$	6,675,000.00	$	
11/01/27	$	6,675,000.00	$	175	
05/01/28	$	6,500,000.00	$	
11/01/28	$	6,500,000.00	$	180	
05/01/29	$	6,320,000.00	$	
11/01/29	$	6,320,000.00	$	185	
05/01/30	$	6,135,000.00	$	
11/01/30	$	6,135,000.00	$	190	
05/01/31	$	5,945,000.00	$	
11/01/31	$	5,945,000.00	$	200	
05/01/32	$	5,745,000.00	$	
11/01/32	$	5,745,000.00	$	205	
05/01/33	$	5,540,000.00	$	
11/01/33	$	5,540,000.00	$	210	
05/01/34	$	5,330,000.00	$	
11/01/34	$	5,330,000.00	$	215	
05/01/35	$	5,115,000.00	$	
11/01/35	$	5,115,000.00	$	225	
05/01/36	$	4,890,000.00	$	
11/01/36	$	4,890,000.00	$	230	
05/01/37	$	4,660,000.00	$	
11/01/37	$	4,660,000.00	$	240	
05/01/38	$	4,420,000.00	$	
11/01/38	$	4,420,000.00	$	245	
05/01/39	$	4,175,000.00	$	
11/01/39	$	4,175,000.00	$	255	
05/01/40	$	3,920,000.00	$	
11/01/40	$	3,920,000.00	$	265	
05/01/41	$	3,655,000.00	$	
11/01/41	$	3,655,000.00	$	275	
05/01/42	$	3,380,000.00	$	
11/01/42	$	3,380,000.00	$	280	
05/01/43	$	3,100,000.00	$	
11/01/43	$	3,100,000.00	$	295	
05/01/44	$	2,805,000.00	$	
11/01/44	$	2,805,000.00	$	305	
05/01/45	$	2,500,000.00	$	
11/01/45	$	2,500,000.00	$	315	
05/01/46	$	2,185,000.00	$	
11/01/46	$	2,185,000.00	$	330	
05/01/47	$	1,855,000.00	$	
11/01/47	$	1,855,000.00	$	345	
05/01/48	$	1,510,000.00	$	
11/01/48	$	1,510,000.00	$	355	
05/01/49	$	1,155,000.00	$	
11/01/49	$	1,155,000.00	$	370	
05/01/50	$	785,000.00	$	
11/01/50	$	785,000.00	$	385	
05/01/51	$	400,000.00	$	
11/01/51	$	400,000.00	$	400	
			
$	7,015	

$	124,482.50	$	418,965.00	
$	122,527.50		
$	122,527.50	$	415,055.00	
$	120,572.50		
$	120,572.50	$	416,145.00	
$	117,947.50		
$	117,947.50	$	415,895.00	
$	115,247.50		
$	115,247.50	$	415,495.00	
$	112,472.50		
$	112,472.50	$	414,945.00	
$	109,622.50		
$	109,622.50	$	419,245.00	
$	106,622.50		
$	106,622.50	$	418,245.00	
$	103,240.00		
$	103,240.00	$	416,480.00	
$	99,775.00		
$	99,775.00	$	414,550.00	
$	96,227.50		
$	96,227.50	$	417,455.00	
$	92,515.00		
$	92,515.00	$	415,030.00	
$	88,720.00		
$	88,720.00	$	417,440.00	
$	84,760.00		
$	84,760.00	$	414,520.00	
$	80,717.50		
$	80,717.50	$	416,435.00	
$	76,510.00		
$	76,510.00	$	418,020.00	
$	72,137.50		
$	72,137.50	$	419,275.00	
$	67,600.00		
$	67,600.00	$	415,200.00	
$	62,000.00		
$	62,000.00	$	419,000.00	
$	56,100.00		
$	56,100.00	$	417,200.00	
$	50,000.00		
$	50,000.00	$	415,000.00	
$	43,700.00		
$	43,700.00	$	417,400.00	
$	37,100.00		
$	37,100.00	$	419,200.00	
$	30,200.00		
$	30,200.00	$	415,400.00	
$	23,100.00		
$	23,100.00	$	416,200.00	
$	15,700.00		
$	15,700.00	$	416,400.00	
$	8,000.00		
$	8,000.00	$	416,000.00	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

4,235,195.00  $

11,250,195.00

Sandmine Road
Community Development District Proposed Budget
Debt Service Fund Series 2022

Proposed Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Assessments - Direct	$	191,938	$	170,828	$	21,110	$	191,938	$	191,938	
Interest	$	4,000	$	1,577	$	2,208	$	3,785	$	1,500	
Carry Forward Surplus (1)	$	129,165	$	128,950	$	-	$	128,950	$	134,011	
Total Revenues	$	325,103	$	301,355	$	23,318	$	324,673	$	327,449	

Expenditures						
Interest - 11/1	$	75,663	$	75,663	$	-	$	75,663	$	75,663	
Principal - 11/1	$	40,000	$	40,000	$	-	$	40,000	$	40,000	
Interest - 5/1	$	74,663	$	-	$	74,663	$	74,663	$	74,663	
Total Expenditures	$	190,325	$	115,663	$	74,663	$	190,325	$	190,325	
Other Sources/(Uses)						

Transfer In/Out	$	-	$	(337)	
$	-	
$	(337)	
$	-	
Total Other Sources/(Uses)	$	-	$	(337)	$	-	$	(337)	$	-	

Excess Revenues/(Expenditures)	$	134,778	$	185,355	$	(51,344)  $

134,011	$	137,124

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Interest - 11/1  $

74,662.50

Principal - 11/1  $	40,000.00 
Total  $	114,662.50 

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse - 25'	78	$	56,895	$	729.43	$	784.33	
Single Family - 40'	48	$	63,681	$	1,326.68	$	1,426.54	
Single Family - 50'	43	$	71,362	$	1,659.57	$	1,784.49	
Total Tax Roll	169	$	191,938			

Sandmine Road
Community Development District
Series 2022 Special Assessment Bonds Area Three Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/24	$	2,605,000.00	$	40	
05/01/25	$	2,565,000.00	$	
11/01/25	$	2,565,000.00	$	40	
05/01/26	$	2,525,000.00	$	
11/01/26	$	2,525,000.00	$	40	
05/01/27	$	2,485,000.00	$	
11/01/27	$	2,485,000.00	$	45	
05/01/28	$	2,440,000.00	$	
11/01/28	$	2,440,000.00	$	45	
05/01/29	$	2,395,000.00	$	
11/01/29	$	2,395,000.00	$	50	
05/01/30	$	2,345,000.00	$	
11/01/30	$	2,345,000.00	$	50	
05/01/31	$	2,295,000.00	$	
11/01/31	$	2,295,000.00	$	55	
05/01/32	$	2,240,000.00	$	
11/01/32	$	2,240,000.00	$	55	
05/01/33	$	2,185,000.00	$	
11/01/33	$	2,185,000.00	$	60	
05/01/34	$	2,125,000.00	$	
11/01/34	$	2,125,000.00	$	65	
05/01/35	$	2,060,000.00	$	
11/01/35	$	2,060,000.00	$	70	
05/01/36	$	1,990,000.00	$	
11/01/36	$	1,990,000.00	$	70	
05/01/37	$	1,920,000.00	$	
11/01/37	$	1,920,000.00	$	75	
05/01/38	$	1,845,000.00	$	
11/01/38	$	1,845,000.00	$	80	
05/01/39	$	1,765,000.00	$	
11/01/39	$	1,765,000.00	$	85	
05/01/40	$	1,680,000.00	$	
11/01/40	$	1,680,000.00	$	90	
05/01/41	$	1,590,000.00	$	
11/01/41	$	1,590,000.00	$	95	
05/01/42	$	1,395,000.00	$	
11/01/42	$	1,395,000.00	$	100	
05/01/43	$	1,395,000.00	$	
11/01/43	$	1,395,000.00	$	105	
05/01/44	$	1,290,000.00	$	
11/01/44	$	1,290,000.00	$	110	
05/01/45	$	1,180,000.00	$	
11/01/45	$	1,180,000.00	$	120	
05/01/46	$	1,060,000.00	$	
11/01/46	$	1,060,000.00	$	125	
05/01/47	$	935,000.00	$	
11/01/47	$	935,000.00	$	135	
05/01/48	$	800,000.00	$	
11/01/48	$	800,000.00	$	140	
05/01/49	$	660,000.00	$	
11/01/49	$	660,000.00	$	150	
05/01/50	$	510,000.00	$	
11/01/50	$	510,000.00	$	160	
05/01/51	$	350,000.00	$	
11/01/51	$	350,000.00	$	170	
05/01/52	$	180,000.00	$	
11/01/52	$	180,000.00	$	180	
			$	2,565	

$	75,662.50	$	191,325.00	
$	74,662.50		
$	74,662.50	$	189,325.00	
$	73,662.50		
$	73,662.50	$	187,325.00	
$	72,662.50		
$	72,662.50	$	190,325.00	
$	71,537.50		
$	71,537.50	$	188,075.00	
$	70,412.50		
$	70,412.50	$	190,825.00	
$	69,162.50		
$	69,162.50	$	188,325.00	
$	67,725.00		
$	67,725.00	$	190,450.00	
$	66,143.75		
$	66,143.75	$	187,287.50	
$	64,562.50		
$	64,562.50	$	189,125.00	
$	62,837.50		
$	62,837.50	$	190,675.00	
$	60,968.75		
$	60,968.75	$	191,937.50	
$	58,956.25		
$	58,956.25	$	187,912.50	
$	56,943.75		
$	56,943.75	$	188,887.50	
$	54,787.50		
$	54,787.50	$	189,575.00	
$	52,487.50		
$	52,487.50	$	189,975.00	
$	50,043.75		
$	50,043.75	$	190,087.50	
$	47,456.25		
$	47,456.25	$	189,912.50	
$	44,725.00		
$	44,725.00	$	189,450.00	
$	41,850.00		
$	41,850.00	$	188,700.00	
$	38,700.00		
$	38,700.00	$	187,400.00	
$	35,400.00		
$	35,400.00	$	190,800.00	
$	31,800.00		
$	31,800.00	$	188,600.00	
$	28,050.00		
$	28,050.00	$	191,100.00	
$	24,000.00		
$	24,000.00	$	188,000.00	
$	19,800.00		
$	19,800.00	$	189,600.00	
$	15,300.00		
$	15,300.00	$	190,600.00	
$	10,500.00		
$	10,500.00	$	191,000.00	
$	5,400.00		
$	5,400.00	$	190,800.00	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

2,666,412.50  $

5,306,075.00

Section VI

Section C

Section 1

Sandmine Road
Community Development District

Summary of Check Register

January 01, 2025 to February 28, 2025

Fund	Date	Check No.'s	Amount

General Fund		
	1/13/25	339-343	$	14,477.81	
	1/17/25	344-345	$	7,112.06	
	1/21/25	346-351	$	843,548.53	
	2/7/25	352	$	500.00	
	2/17/25	353-355	$	14,330.85	
	2/21/25	356	$	6,250.00	
	2/28/25	357	$	566.02	

Total Amount	$	886,785.27

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/25	PAGE	1
*** CHECK DATES 01/01/2025 - 02/28/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/13/25 00007 12/31/24 27688	202412 320-53800-46202	*	817.00
REMOVE PALM TREE MN ENTNC
12/31/24 27689	202412 320-53800-46202	*	2,680.50
SABEL PALM TREE REPLCMENT
12/31/24 27690	202412 320-53800-46201	*	2,133.82
IRRIGATION REPAIRS DEC24
12/31/24 27691	202412 320-53800-46202	*	1,486.00
INSTALL 575 RED SNAPS
EXCLUSIVE LANDSCAPING GROUP, INC.	7,117.32 000339
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/25 00001	1/01/25 108	202501 310-51300-34000	*	3,750.00
MANAGEMENT FEES JAN25
1/01/25 108	202501 310-51300-35200	*	58.08
WEBSITE ADMIN JAN25
1/01/25 108	202501 310-51300-35100	*	116.00
INFORMATION TECH JAN25
1/01/25 108	202501 310-51300-31300	*	918.75
DISSEMINATION SVCS JAN25
1/01/25 108	202501 310-51300-51000	*	.12
OFFICE SUPPLIES JAN25
1/01/25 108	202501 310-51300-42000	*	2.76
POSTAGE JAN24
1/01/25 109	202501 320-53800-34000	*	1,312.50
FIELD MANAGEMENT JAN25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,158.21 000340
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/25 00018 12/27/24 3501407	202411 310-51300-31500	*	353.00
GENERAL COUNSEL NOV24
KUTAK ROCK LLP	353.00 000341
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/25 00025	1/01/25 26088	202501 320-53800-46300	*	500.00
FOUNTAIN CLEANING JAN25
MCDONNELL CORPORATION DBA RESORT	500.00 000342
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/13/25 00021 12/30/24 125	202410 320-53800-43200	*	349.28
WATER & SEWER OCT24
WINDSOR ISLAND RESORT	349.28 000343
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00007	1/01/25 28188	202501 320-53800-46200	*	6,900.00
LANDSCAPE MAINT JAN25
EXCLUSIVE LANDSCAPING GROUP, INC.	6,900.00 000344
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/17/25 00028	1/15/25 61	202501 310-51300-42000	*	212.06
REIMBURSEMENT OF POSTAGE
POLK COUNTY TAX COLLECTOR	212.06 000345
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SAND SANDMINE ROAD	IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/25	PAGE	2
*** CHECK DATES 01/01/2025 - 02/28/2025 ***	SANDMINE ROAD-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/21/25 00017	1/20/25 01202025 202501 300-20700-10000	*	933.04
TXFER OF EXCESS S2021
SANDMINE ROAD CDD C/O US BANK	933.04 000346
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/25 00017	1/20/25 01202025 202501 300-20700-10000	*	427.13
TXFER OF EXCESS S2022
SANDMINE ROAD CDD C/O US BANK	427.13 000347
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/25 00017	1/21/25 01212025 202501 300-20700-10200	*	165,644.81
TXFER OF TAX RCPTS S2022
SANDMINE ROAD CDD C/O US BANK	165,644.81 000348
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/25 00017	1/21/25 01212025 202501 300-20700-10200	*	361,839.69
TXFER OF TAX RCPTS S2021
SANDMINE ROAD CDD C/O US BANK	361,839.69 000349
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/25 00017	1/21/25 01212025 202501 300-20700-10200	*	313,894.45
TXFER OF TAX RCPTS S2020
SANDMINE ROAD CDD C/O US BANK	313,894.45 000350
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/25 00017	1/20/25 01202025 202501 300-20700-10000	*	809.41
TXFER OF EXCESS S2020
SANDMINE ROAD CDD C/O US BANK	809.41 000351
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/07/25 00025	2/01/25 26449	202502 320-53800-46300	*	500.00
FOUNTAIN CLEANING FEB25
MCDONNELL CORPORATION DBA RESORT	500.00 000352
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/25 00007	2/01/25 30642	202502 320-53800-46200	*	6,768.00
LANDSCAPE MAINT FEB25
EXCLUSIVE LANDSCAPING GROUP, INC.	6,768.00 000353
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/25 00001	2/01/25 110	202502 310-51300-34000	*	3,750.00
MANAGEMENT FEES FEB25
2/01/25 110	202502 310-51300-35200	*	58.08
WEBSITE ADMIN FEB25
2/01/25 110	202502 310-51300-35100	*	116.00
INFORMATION TECH FEB25
2/01/25 110	202502 310-51300-31300	*	918.75
DISSEMINATION SVCS FEB25
2/01/25 110	202502 310-51300-51000	*	.15
OFFICE SUPPLIES FEB25
2/01/25 110	202502 310-51300-42000	*	57.37
POSTAGE FEB25
2/01/25 111	202502 320-53800-34000	*	1,312.50
FIELD MANAGEMENT FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,212.85 000354
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SAND SANDMINE ROAD	IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/25	PAGE	3
*** CHECK DATES 01/01/2025 - 02/28/2025 ***	SANDMINE ROAD-GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
2/17/25 00020	2/11/25 3900	202501 320-53800-46200	*
TOOLE'S TRACTOR SERVICES &		1,350.00	
1,350.00 000355	
- - - - - - - - 2/21/25 00029	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/20/25 022025-1 202502 320-53800-48000	*
JOSEPH P GREAVES DBA PEICK PAINTING	- - - -	- - - - - -	- - - - - - - -

6,250.00 000356	
- - - - - - - - 2/28/25 00021	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/30/25 126	202411 320-53800-43200	*
WINDSOR ISLAND RESORT	- - - -	- - - - - -	- - - - - - - -

566.02 000357	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK A		886,785.27		
	TOTAL FOR REGISTER		886,785.27		

BANK A GENERAL FUND

DISC 3 RETENTION PONDS

6' SPIKE TOP FENCE DEPOST

6,250.00

WATER & SEWER NOV24

566.02

SAND SANDMINE ROAD	IARAUJO

Section 2

Sandmine Road
Community Development District

Unaudited Financial Reporting
February 28, 2025

6i•1S

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Capital Reserve	

5	
	Debt Service Fund Series 2020	

6	
	Debt Service Fund Series 2021	

7	
	Debt Service Fund Series 2022	

8	
	Capital Projects Fund Series 2020	

9	
	Capital Projects Fund Series 2021	

10	
	Capital Projects Fund Series 2022	

11	
	Month to Month	

12	
	Long Term Debt Report	

13	
	Assessment Receipt Schedule	

Sandmine Road
Community Development District Combined Balance Sheet February 28, 2025

	General Fund	Debt Service Fund	Capital Reserve Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:
Operating Account	

$	642,101	

$	-	

$	-	

$	-	

$	642,101	
Bank United Capital Reserve	$	-	$	-	$	25,468	$	-	$	25,468	
Due from General Fund Investments:
Series 2020	$	-	$	26,326	$	-	$	-	$	26,326	
Reserve	$	-	$	181,859	$	-	$	-	$	181,859	
Revenue	$	-	$	352,497	$	-	$	-	$	352,497	
Construction Series 2021
Reserve	$

$	-	$	-

-	$	41,928	$

$	-	$	20,245

-	$	-	$	20,245

$	41,928	
Revenue	$	-	$	401,573	$	-	$	-	$	401,573	
Interest	$	-	$	-	$	-	$	-	$	-	
Construction Series 2022
Reserve	$

$	-	$	-

-	$	19,194	$

$	-	$	184,332

-	$	-	$	184,332

$	19,194	
Revenue	$	-	$	180,172	$	-	$	-	$	180,172	
Construction	$	-	$	-	$	-	$	842	$	842	
Total Assets	$	642,101	$	1,203,549	$	25,468	$	205,419	$	2,076,537	
Liabilities:
Accounts Payable	

$	

1,700	$	-	

$	

-	$	-	

$	1,700	
Due to Debt Service	$	26,326	$	-	$	-	$	-	$	26,326	
Total Liabilites	$	28,026	$	-	$	-	$	-	$	28,026	
Fund Balance:
Restricted for:
Debt Service - Series 2020	

$	

-	$	544,177	

$	

-	$	-	

$	544,177	
Debt Service - Series 2021	$	-	$	454,823	$	-	$	-	$	454,823	
Debt Service - Series 2022	$	-	$	204,549	$	-	$	-	$	204,549	
Capital Projects - Series 2020	$	-	$	-	$	-	$	20,245	$	20,245	
Capital Projects - Series 2021	$	-	$	-	$	-	$	184,332	$	184,332	
Capital Projects - Series 2022	$	-	$	-		$	842	$	842	
Assigned for:								
Capital Reserves	$	-	$	-	$	25,468	$	-	$	25,468	
Unassigned	$	614,075	$	-	$	-	$	-	$	614,075	
Total Fund Balances	$	614,075	$	1,203,549	$	25,468	$	205,419	$	2,048,511	
						
Total Liabilities & Fund Balance	$	642,101	$	1,203,549	$	25,468	$	205,419	$	2,076,537	

Sandmine Road
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues:		
Assessments - Tax Roll	$	368,473	$	327,948	$	327,948	$	-	
Total Revenues	$	368,473	$	327,948	$	327,948	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	-	$	5,000	
FICA Expense	$	918	$	383	$	-	$	383	
Engineering	$	12,000	$	5,000	$	175	$	4,825	
Attorney	$	25,000	$	10,417	$	1,876	$	8,541	
Annual Audit	$	7,000	$	-	$	-	$	-	
Arbitrage Fees	$	1,350	$	1,350	$	1,350	$	-	
Dissemination Fees	$	11,025	$	4,594	$	4,594	$	-	
Assessment Administration	$	5,565	$	5,565	$	5,565	$	-	
Trustee Fees	$	12,123	$	12,123	$	12,122	$	1	
Management Fees	$	45,000	$	18,750	$	18,750	$	-	
Information Technology	$	1,392	$	580	$	580	$	-	
Website Maintenance	$	697	$	290	$	290	$	0	
Telephone	$	300	$	125	$	-	$	125	
Postage	$	1,000	$	417	$	348	$	69	
Printing & Binding	$	200	$	83	$	6	$	77	
Office Supplies	$	100	$	42	$	1	$	41	
Insurance	$	6,363	$	6,363	$	6,190	$	173	
Legal Advertising	$	5,000	$	2,083	$	1,135	$	949	
Other Current Charges	$	1,000	$	417	$	207	$	210	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	148,208	$	73,756	$	53,363	$	20,393	

Sandmine Road
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Operations & Maintenance		
Field Expenditures
Property Insurance	
$	7,500	
$	7,500	
$	6,250	
$	1,250	
Field Management	$	15,750	$	6,563	$	6,563	$	-	
Landscape Maintenance	$	102,700	$	42,792	$	37,068	$	5,724	
Landscape Replacement	$	10,000	$	4,167	$	5,109	$	(942)	
Electric	$	5,000	$	2,083	$	-	$	2,083	
Water & Sewer	$	36,000	$	15,000	$	1,265	$	13,735	
Fountain Maintenance	$	7,000	$	2,917	$	2,500	$	417	
Irrigation Repairs	$	5,000	$	2,083	$	2,134	$	(50)	
General Repairs & Maintenance	$	7,500	$	3,125	$	6,250	$	(3,125)	
Wall Maintenance	$	10,000	$	4,167	$	-	$	4,167	
Contingency	$	5,000	$	2,083	$	2,431	$	(347)	
Total Operations & Maintenance	$	211,450	$	92,479	$	69,568	$	22,911	
Other Expenditures:					
Capital Reserves - Transfer	$	8,815	$	-	$	-	$	-	
Total Other Expenditures	$	8,815	$	-	$	-	$	-	

Total Expenditures	$	368,473	$	166,235	$	122,931	$	43,304	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	205,017		
					
Fund Balance - Beginning	$	-		$	409,058		
					
Fund Balance - Ending	$	-		$	614,075		

Sandmine Road
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues:

Interest Income	

$	-	

$	-	$	442	

$	442	
Total Revenues	$	-	$	-	$	442	$	442	

Expenditures:

Capital Outlay	

$	-	

$	-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
				
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	442	$	442	

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	8,815	

$	-	$	-	

$	-	
Total Other Financing Sources/(Uses)	$	8,815	$	-	$	-	$	-	
				
Net Change in Fund Balance	$	8,815	$	442		
				
Fund Balance - Beginning	$	308,961	$	25,025		
				
Fund Balance - Ending	$	317,776	$	25,468		

Sandmine Road
Community Development District Debt Service Fund Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues:					
Assessments - Tax Roll	$	363,719	$	323,716	$	323,716	$	-	
Interest	$	7,000	$	2,917	$	4,919	$	2,003	
Total Revenues	$	370,719	$	326,633	$	328,635	$	2,003	

Expenditures:					
Interest - 11/1	$	108,728	$	108,728	$	108,728	$	-	
Principal - 5/1	$	145,000	$	-	$	-	$	-	
Interest - 5/1	$	108,728	$	-	$	-	$	-	
Total Expenditures	$	362,456	$	108,728	$	108,728	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	8,263	$	217,905	$	219,907	$	2,003	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(3,195)	$	(3,195)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(3,195)	$	(3,195)	
					
Net Change in Fund Balance	$	8,263		$	216,712		
					
Fund Balance - Beginning	$	149,067		$	327,466		
					
Fund Balance - Ending	$	157,330		$	544,177		

Sandmine Road
Community Development District Debt Service Fund Series 2021
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues:					
Assessments - On Roll	$	419,274	$	373,161	$	373,161	$	-	
Interest	$	9,000	$	3,750	$	3,871	$	121	
Total Revenues	$	428,274	$	376,911	$	377,033	$	121	

Expenditures:					
Interest - 11/1	$	126,380	$	126,380	$	126,380	$	-	
Principal - 11/1	$	165,000	$	165,000	$	165,000	$	-	
Interest - 5/1	$	124,483	$	-	$	-	$	-	
Total Expenditures	$	415,863	$	291,380	$	291,380	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	12,412	$	85,531	$	85,653	$	121	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(737)	$	(737)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(737)	$	(737)	
					
Net Change in Fund Balance	$	12,412		$	84,916		
					
Fund Balance - Beginning	$	328,131		$	369,907		
					
Fund Balance - Ending	$	340,543		$	454,823		

Sandmine Road
Community Development District Debt Service Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues:					
Assessments - Direct	$	191,938	$	170,828	$	170,828	$	-	
Interest	$	4,000	$	1,667	$	1,577	$	(89)	
Total Revenues	$	195,938	$	172,494	$	172,405	$	(89)	

Expenditures:					
Interest - 11/1	$	75,663	$	75,663	$	75,663	$	-	
Principal - 11/1	$	40,000	$	40,000	$	40,000	$	-	
Interest - 5/1	$	74,663	$	-	$	-	$	-	
Total Expenditures	$	190,325	$	115,663	$	115,663	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,613	$	56,832	$	56,742	$	(89)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(337)	$	(337)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(337)	$	(337)	
					
Net Change in Fund Balance	$	5,613		$	56,405		
					
Fund Balance - Beginning	$	129,165		$	148,144		
					
Fund Balance - Ending	$	134,777		$	204,549		

Sandmine Road
Community Development District Capital Projects Fund Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues		
Interest	$	-	$	-	$	318	$	318	
Total Revenues	$	-	$	-	$	318	$	318	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	318	$	3,513	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	3,194	$	3,194	
Total Other Financing Sources (Uses)	$	-	$	-	$	3,194	$	3,194	
					
Net Change in Fund Balance	$	-	$	3,513		
					
Fund Balance - Beginning	$	-	$	16,732		
					
Fund Balance - Ending	$	-	$	20,245		

Sandmine Road
Community Development District Capital Projects Fund Series 2021
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/25	Thru 02/28/25	Variance	

Revenues

Interest	

$	

-	$	

-	$	3,196	

$	3,196	
Total Revenues	$	-	$	-	$	3,196	$	3,196	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	3,196	$	3,933	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	737	

$	737	
Total Other Financing Sources (Uses)	$	-	$	-	$	737	$	737	
					
Net Change in Fund Balance	$	-	$	3,933		
					
Fund Balance - Beginning	$	-	$	180,399		
					
Fund Balance - Ending	$	-	$	184,332		

Sandmine Road
Community Development District Capital Projects Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2025

	Adopted	Prorated Budget	Actual		
		Budget	Thru 02/28/25	Thru 02/28/25	Variance	
Revenues

Interest	

$		

-	$	-	$	1,268	

$	1,268	
Total Revenues	$		-	$	-	$	1,268	$	1,268	

Expenditures:

Capital Outlay	

$		

-	$	-	$	83,846	

$	(83,846)	
Total Expenditures	$		-	$	-	$	83,846	$	(83,846)	
					
Excess (Deficiency) of Revenues over Expenditures	$		-	$	-	$	(82,578)	$	85,451	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$		

-	$	-	$	337	

$	337	
Total Other Financing Sources (Uses)	$		-	$	-	$	337	$	337	
					
Net Change in Fund Balance	$		-	$	(82,241)		
					
Fund Balance - Beginning	$		-	$	83,083		
					
Fund Balance - Ending	$		-	$	842		

Sandmine Road
Community Development District Month to Month

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

Revenues:

Assessments - Tax Roll	$	-	$	32,420	$	275,057	$	10,521	$	9,950	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	327,948	
Total Revenues	$	-	$	32,420	$	275,057	$	10,521	$	9,950	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	327,948	

Expenditures:							
General & Administrative:							
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-	$	-	$	175	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Attorney	$	473	$	353	$	196	$	855	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,876	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Arbitrage Fees	$	-	$	1,350	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,350	
Dissemination Fees	$	919	$	919	$	919	$	919	$	919	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,594	
Assessment Administration	$	5,565	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,565	
Trustee Fees	$	4,041	$	8,081	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	12,122	
Management Fees	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	18,750	
Information Technology	$	116	$	116	$	116	$	116	$	116	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	580	
Website Maintenance	$	58	$	58	$	58	$	58	$	58	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	290	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage	$	36	$	17	$	23	$	215	$	57	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	348	
Printing & Binding	$	2	$	3	$	1	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6	
Office Supplies	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1	
Insurance	$	6,190	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,190	
Legal Advertising	$	826	$	309	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,135	
Other Current Charges	$	41	$	41	$	41	$	41	$	44	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	207	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	22,191	$	14,996	$	5,103	$	5,953	$	5,120	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	53,363	

Operations & Maintenance							
Field Expenditures
Property Insurance	

$	6,250	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,250	
Field Management	$	1,313	$	1,313	$	1,313	$	1,313	$	1,313	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,563	
Landscape Maintenance	$	6,900	$	8,250	$	6,900	$	8,250	$	6,768	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	37,068	
Landscape Replacement	$	-	$	-	$	4,984	$	-	$	125	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,109	
Electric	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Water & Sewer	$	349	$	566	$	349	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,265	
Fountain Maintenance	$	500	$	500	$	500	$	500	$	500	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,500	
Irrigation Repairs	$	-	$	-	$	2,134	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,134	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	6,250	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,250	
Wall Maintenance	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	-	$	2,431	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,431	
Total Operations & Maintenance	$	15,312	$	13,059	$	16,179	$	10,063	$	14,956	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	69,568	

Other Expenditures:							

Capital Reserves - Transfer

$	-	$

-	$	-	$

-	$	-	$

-	$	-	$	-	$

-	$	-	$

-	$	-	$	-

Total Other Expenditures

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Total Expenditures	$	37,502	$	28,056	$	21,283	$	16,015	$	20,075	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	122,931	
							
Excess (Deficiency) of Revenues over Expenditures	$	(37,502)	$	4,365	$	253,775	$	(5,495)	$	(10,125)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	205,017	

Sandmine Road
Community Development District Long Term Debt Report

Series 2020, Special Assessment Bonds	
Interest Rates:	2.625%, 3.125%, 3.625%, 3.750%	
Maturity Date:	5/1/2050	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$181,859	
Reserve Fund Balance	$181,859	
Bonds Outstanding - 8/31/20	$6,590,000	
Principal Payment - 5/1/21	($130,000)	
Principal Payment - 5/1/22	($135,000)	
Principal Payment - 5/1/23	($140,000)	
Principal Payment - 5/1/24	($140,000)	
Current Bonds Outstanding	$6,045,000	

Series 2021, Special Assessment Bonds	
Interest Rates:	2.300%, 3.000%, 3.300%, 4.000%	
Maturity Date:	11/1/1951	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$209,638	
Reserve Fund Balance	$41,928	
Bonds Outstanding - 10/27/21	$7,495,000	
Principal Payment - 5/1/23	($155,000)	
Principal Payment - 11/1/23	($160,000)	
Principal Payment - 11/1/24	($165,000)	
Current Bonds Outstanding	$7,015,000	

Series 2022, Special Assessment Bonds	
Interest Rates:	5.000%, 5.750%, 6.600%	
Maturity Date:	11/1/2052	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$95,969	
Reserve Fund Balance	$19,194	
Bonds Outstanding - 10/26/22	$2,640,000	
Principal Payment - 11/1/23	($35,000)	
Principal Payment - 11/1/24	($40,000)	
Current Bonds Outstanding	$2,565,000	

Sandmine Road CDD
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

Gross Assessments	$  396,208.48	$	391,095.36	$  450,832.53	$	206,384.41	$ 1,444,520.78	
Net Assessments	$  368,473.89	$	363,718.68	$  419,274.25	$	191,937.50	$ 1,343,404.33	
	27.43%	27.07%	31.21%	14.29%	100.00%	

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Property Appraiser	
Net Receipts	
General Fund	2020 Debt Service	2021 Debt Service	2022 Debt Service	
Total	

11/13/24	
10/21/24-10/21/24	
$2,170.19	
($63.20)	
($42.14)	
$0.00	
$0.00	
$2,064.85	
$566.35	
$559.05	
$644.44	
$295.01	
$2,064.85	
11/15/24	10/01/24-10/31/24	$13,848.78	($553.97)	($265.90)	$0.00	$0.00	$13,028.91	$3,573.62	$3,527.50	$4,066.30	$1,861.49	$13,028.91	
11/19/24	11/01/24-11/07/24	$47,594.63	($1,903.80)	($913.82)	$0.00	$0.00	$44,777.01	$12,281.60	$12,123.11	$13,974.83	$6,397.47	$44,777.01	
11/26/24	11/08/24-11/15/24	$61,999.09	($2,479.99)	($1,190.38)	$0.00	$0.00	$58,328.72	$15,998.61	$15,792.15	$18,204.30	$8,333.66	$58,328.72	
12/06/24	11/16/24-11/26/24	$204,416.26	($8,176.75)	($3,924.79)	$0.00	$0.00	$192,314.72	$52,748.79	$52,068.06	$60,021.10	$27,476.77	$192,314.72	
12/20/24	11/27/24-11/30/24	$843,669.20	($33,746.55)	($16,198.45)	$0.00	$0.00	$793,724.20	$217,705.60	$214,896.08	$247,720.00	$113,402.52	$793,724.20	
12/27/24	12/01/24-12/15/24	$32,956.57	($1,091.95)	($637.29)	$0.00	$0.00	$31,227.33	$8,565.15	$8,454.61	$9,746.00	$4,461.57	$31,227.33	
12/31/24	Inv#4652185	$0.00	$0.00	$0.00	$0.00	($10,483.13)	($10,483.13)	($2,875.35)	($2,838.24)	($3,271.77)	($1,497.77)	($10,483.13)	
12/31/24	Inv#4652186	$0.00	$0.00	$0.00	$0.00	($3,962.08)	($3,962.08)	($1,086.73)	($1,072.71)	($1,236.56)	($566.08)	($3,962.08)	
01/10/25	12/16/24-12/31/24	$40,335.33	($1,195.87)	($782.79)	$0.00	$0.00	$38,356.67	$10,520.61	$10,384.84	$11,971.05	$5,480.17	$38,356.67	
02/03/25	10/01/24-12/31/24	$0.00	$0.00	$0.00	$1,813.98	$0.00	$1,813.98	$497.55	$491.12	$566.14	$259.17	$1,813.98	
02/10/25	01/01/25-01/31/25	$36,051.79	($886.26)	($703.31)	$0.00	$0.00	$34,462.22	$9,452.43	$9,330.44	$10,755.60	$4,923.75	$34,462.22	
	TOTAL	$	1,283,041.84	$	(50,098.34)	$	(24,658.87)	$	1,813.98	$	(14,445.21)	$ 1,195,653.40	$  327,948.23	$  323,716.01	$  373,161.43	$  170,827.73	$ 1,195,653.40	

89%
$  147,750.93

Net Percent Collected Balance Remaining to Collect

Audit Committee Meeting

Section III

Section A

SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS

Annual Audit Services for Fiscal Year 2025
Polk County, Florida

INSTRUCTIONS TO PROPOSE

SECTION 1. DUE DATE. Sealed proposals must be received no later than Monday, July 7, 2025 at 2:00 P.M., at the offices of District Manager, located 219 E. Livingston Street, Orlando, FL 32801. Proposals will be publicly opened at that time.

SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is assumed to be familiar with all federal, state, and local laws, ordinances, rules, and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relive it from responsibility to perform the work covered by the proposal in compliance with al such laws, ordinances and regulations.

SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

SECTION 4.	SUBMISSION OF ONLY ONE PROPOSAL. Proposers shall be
disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTION 5. SUBMISSION OF PROPOSAL. Submit one (1) copy and one (1) electronic copy of the Proposal Documents, and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services- Sandmine Road Community Development District” on the face of it.
SECTION 6. MODIFICATION AND WITHDRAWL. Proposals may be modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period of ninety (90) days.

SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).
SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as or constitute a wavier of District’s limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.
List position or title of all personnel to perform work on the District audit. Include resumes for each person listed: list years of experience in present position for each party listed and years of related experience.

Describe proposed staffing levels, including resumes with applicable certifications.

Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.
The cost of the provision of the services under the proposal for Fiscal Years 2025, 2026, 2027, 2028 and 2029. The District intends to enter into five (5) separate one-year agreements.
Provide a proposed schedule for performance of the audit.

SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) hours after the receipt of the documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid plans, specifications or contract documents.

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation of proposals are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.

AUDITOR SELECTION EVALUATION CRITERIA

Ability of Personnel.	(20 Points)

(E.g., geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.)

Proposer’s Experience.	(20 Points)

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation, of respondent, etc.)

Understanding of Scope of Work.	(20 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

Ability to Furnish the Required Services.	(20 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required (E.g. the existence of any natural disaster plan for business operations).

Price.	(20 Points)

Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.

Section B

SANDMINE ROAD COMMUNITY DEVELOPMENT DISTRICT
REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES
The Sandmine Road Community Development District hereby requests proposals for annual financial auditing services. The proposal must provide for the auditing of the District’s financial records for the Fiscal Year ending September 30, 2025, with an option for four additional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in Polk County and has a general administrative operating fund and three (3) debt service funds.

The Auditing entity submitting a proposal must be duly licensed under Chapter 173, Florida Statutes and be qualified to conduct audits in accordance with “Government Auditing Standards,” as adopted by the Florida Board of Accountancy Audits shall be conducted in accordance with Florida Law and particularly Section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include evaluation criteria and instructions to proposers, are available from the District Manager at the address and telephone number listed below.

Proposers must provide one (1) copy and one (1) electronic copy of their proposal to GMS - CF, LLC, District Manager, 219 East Livingston Street, Orlando, FL 32801, telephone (407) 841-5524, in an envelope marked on the outside “Auditing Services – Sandmine Road Community Development District.” Proposals must be received by Monday, July 7, 2025, 2:00 P.M., at the office of the District Manager. Please direct all questions regarding this Notice to the District Manager.

George S. Flint
Governmental Management Services – Central Florida, LLC District Manager