Rolling Hills
Community Development District

June 11, 2024

AGENDA

Rolling Hills Community Development District
475 West Town Place
Suite 114 St. Augustine, Florida 32092
District Website: www.RollingHillsCDD.com

June 4, 2024

Board of Supervisors
Rolling Hills Community Development District Dear Board Members:
The Rolling Hills Community Development District Meeting is scheduled for Tuesday, June 11, 2024 at 6:00 p.m. at the Rolling Hills Amenity Center, 3212 Bradley Creek Parkway, Green Cove Springs, Florida 32043.
Following is the advance agenda for the meeting:

Roll Call

Audience Comments (Regarding Agenda Items Listed Below)
Approval of Minutes of the April 9, 2024 Meeting
Pool Updates and Ratification of Emergency Repairs
Series 2020 Project
Update Regarding Series 2020 Project
Ratification of Requisitions (110-111)
Series 2022 Project:
Update Regarding Series 2022 Project

Ratification of Requisitions (111)

Consideration of Proposals:
RMS for Fiscal Year 2025 Services

Proposal for Doors

Proposal for Pool Repair Items

Acceptance of Fiscal Year 2023 Audit Report

Consideration of Resolution 2024-04, Approving the Proposed Budget for Fiscal Year 2025 and Setting a Public Hearing Date to Adopt (August 13, 2024)

Consideration of Renewal of Pool Use Agreement with Clay County High School Swim Team
Ratification of Documents Related to Termination of Construction Easement
Discussion Regarding Future Projects:
Restripe Tennis Court for Pickleball Courts
Convert Tennis Court for 2 Half Court Basketball Courts
Resurface Tennis Courts (add LED Lights and Wind Screens)

Park Equipment

Dog Park

Amenity Center Area Beautification: “Garden Golf” Area

Additional Security Cameras (repeaters and new cameras)

Flock Cameras

Paint Amenity Building Exterior

Staff Reports
Attorney

Engineer

Manager – Report on the Number of Registered Voters (775)
Operations / Amenity Manager
Report
Monthly Quality Inspection Report
Supervisor’s Requests
Audience Comments
Financial Reports
Balance Sheet & Income Statement

Community Interest:
Amenity Center – Supervisor Cormier
Security & Technology –Supervisor Miller
Finance & Accounting – Supervisor Bauer
Landscape & Pond Maintenance – Supervisor Church
Common Areas – Supervisor Gibbons

Community Interest:
Amenity Center – Supervisor Cormier
Security & Technology –Supervisor Miller
Finance & Accounting – Supervisor Bauer
Landscape & Pond Maintenance – Supervisor Church
Common Areas – Supervisor Gibbons

THIRD ORDER OF BUSINESS

MINUTES OF MEETING ROLLING HILLS
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rolling Hills Community Development District was held Tuesday, April 9, 2024 at 6:00 p.m. in the Rolling Hills Amenity Center, 3212 Bradley Creek Parkway, Green Cove Springs, Florida.

Present and constituting a quorum were:

John Miller by phone	Chairman
David Church	Vice Chairman
Helana Cormier	Supervisor
David Bauer by phone	Supervisor
Billy Gibbons	Supervisor

Also present were:

Marilee Giles	District Manager
Mike Eckert by phone	District Counsel
Joe Schofield by phone	Align Engineering
Freddie Oca	Riverside Management
Jay Soriano	Operations Manager
Keith Hadden	District Engineer

The following is a summary of the actions taken at the April 9, 2024 meeting of the Board of Supervisors of the Rolling Hills Community Development District.
FIRST ORDER OF BUSINESS	Roll Call
Ms. Giles called the meeting to order at 6:00 p.m. and called the roll. Three Board members were present and two participated via phone constituting a quorum.

SECOND ORDER OF BUSINESS	Audience Comments
Ms. Giles noted any member of the public can speak on any item listed on the agenda. There is an opportunity toward the end of the meeting for audience comments again. She asked for any audience comments. Hearing no comments, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February 8,
2024 Meeting
Ms. Giles presented the minutes from the February 8, 2024 Board of Supervisors meeting and asked if there were any comments, corrections, or changes. Hearing no changes from the Board, Ms. Giles asked for a motion to approve.

On MOTION by Mr. Church, seconded by Ms. Cormier, with all in favor, the Minutes from the February 8, 2024 meeting, were approved.

FOURTH ORDER OF BUSINESS	Series 2020 Project
Update Regarding Series 2020 Project
Mr. Hadden stated the project is going well. LGI has purchased all of the lots on four of the six cul-de-sacs. They will be buying the fifth cul-de-sac in June and the last cul-de-sac they will purchase in September. They are building on the third cul-de-sac now but haven’t started building on the fourth cul-de-sac. Things seem to be moving along and sales seem to be good so they are happy.

Ratification of Requisitions (109-110)
Item B was tabled to a future meeting.

FIFTH ORDER OF BUSINESS	Series 2022 Project
Update Regarding Series 2022 Project
Mr. Schofield stated they are closed out and final with the county including utilities, building and selling homes actively. Bonds have been issued. The only outstanding action item that he is aware of is permitting and construction of some park improvements but he is otherwise final, done and closed. Ms. Cormier asked if the permit for the park is the one they are developing for the CDD. Mr. Schofield noted it is and he is not really involved with tracking it. Onsite Solutions, a vendor for the developer homebuilder is actively permitting and working to install some improvements in a play feature. Ms. Giles noted Nick reached out to have the permit signed so just a matter of time before the big playground in the back gets installed. Mr. Schofield noted the only requisition is their final invoice affording the CDD this project built and closed.

Ratification of Requisitions (110)
Ms. Giles asked if the Board could ratify pay requisition (110) that Joe just mentioned on page 38 of the agenda. If it is alright with the Board, there is no real need for Joe to continue calling in. If anything comes up, Keith or any member of the staff can take that back to Joe.

On MOTION by Mr. Church seconded by Mr. Gibbons, with all in favor, Requisition 110, was ratified.

SIXTH ORDER OF BUSINESS	Board	Discussion	and	Guidance	for
Preparation of Proposed Fiscal Year 2025 Budget
Ms. Giles noted this is anything specific that the Board is looking for in the budget. The invoices received so far will be put into the budget. There are some known increases, CCSO in January and slight increase from GFL waste management. If there is anything the Board is considering for FY25 budget now is the time to bring that up. Mr. Soriano noted at the next meeting in June they would present plans for the budget and get an idea of what the Board would like to do with those lines that they can work with. He doesn’t see an overall need for an increase in assessments. Mr. Church asked if the roof, AC and deck are considered already. Mr. Soriano noted they are trying to find a way to not have to do more money on the deck by taking that out. The roof is not planned for next year and is in the capital reserve study but right now the roof is okay. The awnings, tennis court resurfacing and wall, tennis court conversion to basketball court, paint pickleball lines, front area beautification, dog park installation, park equipment/playground structure, ponds and security cameras were all discussed by Board members. Ms. Giles doesn’t have EGIS’s numbers yet for insurance. Mr. Soriano set up a map with 7 spots for parks. Ms. Giles suggested clarifying what those tracts are by identifying what is green space and what is designated as a park. Ms. Cormier wants a designated sign in the park areas. The Board would like dog park proposals and include in the budget where the original master plan had it. Ms. Cormier asked about going out for bid for the portion of their management with Riverside. Mr. Soriano noted it was researched a few years ago for a portion of lifeguarding and as part of the companies coming in to look at lifeguarding, they were all asked if they could do other things like amenity manager, janitorial and maintenance. Nobody turned in a bid because of their budget at that time. He noted they could go out and see if there is somebody who can do a better job at a lower price.

SEVENTH ORDER OF BUSINESS	Consideration of Proposals
A. Awning Replacement
Mr. Soriano presented the proposals for awning replacement. Superior came in at $26,940 and Boree Canvas at $19,737 to do all awnings at tennis and pool. JADA roofing proposed a metal roof at $32,000 which has a longer lifespan.

On MOTION by Mr. Gibbons, seconded by Mr. Church, with all in favor, the JADA Roofing Proposal for Awning Replacement, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
A. Attorney
Mr. Eckert had nothing to report.

B. Engineer
Mr. Hadden informed the Board that David Guy passed away, one of the managing partners of Waltham and CBCP. He was the main one when this was bought that oversaw getting the roads redone and reinspected/resurfaced.

C. Manager – 2024 General Elections
Ms. Giles reminded the Board of election cycle coming up second week of June 10th – 24th qualifying period and Supervisor David Bauer and Supervisor Billy Gibbons seats are up. She reminded the Board that Form 1 is due online before July 1st.

D. Operations/Amenity Manager
Ms. Giles stated Freddie got a proposal from Lake Doctor’s to add the three ponds from Phase 3 and the one pond from Phase 2 so that will be an increase to the District. The total for all 10 ponds would be $1,025. She noted they do not have to maintain Phase 2 ponds yet so will add this in the budget for the higher dollar amount but Freddie will monitor the invoices to make sure they are only being billed for the ponds they are actually maintaining. Phase 2 is LGI. It has not been conveyed to the District yet but anticipate it being conveyed during this budget cycle. Mr. Soriano stated they go out and clear the ponds of trash. He recommended limited maintenance of ponds until more are added in the back. Summertime would be the concern as algea blooms start

when the weather is heating up. Ms. Giles noted the CDD shouldn’t be charged for the ponds until they are conveyed.

Report
Monthly Quality Inspection Report
Mr. Soriano updated that he met with the fire marshal to get the okay but couldn’t get anything in writing saying it’s okay to cutout that exit point even if it is fine for code. He noted they are stuck in a holding pattern with the pool with county inspections, waiting for a health inspector and building inspector to sign off. Crown didn’t discount the lighting but worked with him on the coping doing about 90% of the pool. Mr. Oca will eblast residents with an update on the pool. Mr. Oca presented the monthly operations/maintenance report. Main valve break was repaired. He noted they do a monthly check on lighting and put a list together for repairs. There was discussion about switching to LED lights for energy savings at the pool and courts. A Board member requested getting quotes for painting the exterior of amenity building. Mr. Soriano noted the access system was installed. It has a lot of capabilities that they don’t have currently but to use all of those capabilities they need upgraded readers. The current pool cards will not work with the upgraded readers. Residents would turn in their old cards for new cards plus update their information, sign any information, and update who is in the household. A Board member suggested an eblast and sign board update regarding delayed pool opening and new access cards within 6 weeks. Mr. Soriano noted two apps plus one household card free. If a card is lost, new card rate fee stays the same. Everyone, minors and adults, get pictures. He will start purchasing cards.

NINTH ORDER OF BUSINESS	Supervisors Requests
Ms. Giles asked if the Board wants to go out for proposals for the RMS contract. Mr. Church stated he does not. Mr. Gibbons doesn’t see any harm in at least looking. Ms. Giles noted if you go out for bid, the RMS proposal could come back higher than what the District is paying now. Mr. Soriano stated they shouldn’t be doing the RFP process. The lawyers will be coordinating and spending time on the process. Ms. Cormier would like it put out for bid as she struggles with the quality of subcontractors’ work/performance. Mr. Miller and Mr. Bauer say no to going out for bid. Mr. Gibbons asked who the pool maintenance company is and since the pool has been out of order for two months did the District get a rebate or prorated contract. Mr. Soriano noted PoolSure

is the company and they charge a flat rate. Ms. Giles stated they will request a credit from PoolSure.

TENTH ORDER OF BUSINESS	Audience Comments
Robert Massard – Commented on trees on side of roads/sidewalks. Mr. Soriano replied the HOA should have covenants on maintaining things in your yard. Trees far enough out past the property owners’ line could be county right of way. Call public works. He gets a warning for boat being at his house. Technically not supposed to be in the driveway. Commented on how long the beautification is going to take.
Rebecca Hickman – With the pool and gym access, how will it coordinate with homeowners and people renting. Mr. Soriano noted the rules aren’t any different. Whoever is using the card and app is going to be pictured.

ELEVENTH ORDER OF BUSINESS	Financial Reports
Balance Sheet & Income Statement
Ms. Giles noted a copy of the balance sheet and income statement starts on page 56 of the agenda for the period ending February 29th.

Assessment Receipt Schedule
A copy of the assessment receipt schedule is on page 79.

Check Register
Ms. Giles presented the check register on page 81 totaling $788,594.66 for January and February. It is higher than normal due to disbursement of the taxes collected. It does include the deck, sod replacement, HVAC and pool. February’s check register has an audit, bank fees, and pool furniture.

On MOTION by Ms. Cormier seconded by Mr. Church, with all in favor, the check register totaling $788,594.66 was approved.

TWELFTH ORDER OF BUSINESS	Next Schedule Meeting: June 11, 2024 @ 6:00
p.m. at the Rolling Hills Amenity Center
Ms. Giles stated the next meeting is scheduled for June 11, 2024 at 6:00 p.m. at this location. The proposed budget will be approved at that time.

THIRTEENTH ORDER OF BUSINESS	Adjournment
Ms. Giles asked for a motion to adjourn.

On MOTION by Mr. Church, seconded by Ms. Cormier, with all in favor, the meeting adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

FOURTH ORDER OF BUSINESS

Blue Solutions
1015 Idlewild Avenue | Green Cove Springs, Florida 32043

$2,850.00

Total

Apr 18, 2024

Sent on

9044498191 | Blue_Solutions@comcast.net | wwwbluesolutionspools.com

RECIPIENT:

Rolling Hills CDD
Bradley Creek Pkwy
Green Cove Springs, Florida 32043

Product/Service	Description	Qty.	Unit Price	Total

Remove and Replace 25 hp pool pump

Remove motor and shaft seal. Reinstall shaft seal and motor with customer provided parts.

1	$2,850.00	$2,850.00

$2,850.00

This quote is valid for the next 30 days, after which values may be subject to change.

Total

FIFTH ORDER OF BUSINESS

B.

REQUISITION FOR SERIES 2020 PROJECT

The undersigned, an Authorized Officer of Ro1ling Hills Community Devel.<mment District (the 11District11) hereby submits the following requisition for disbursement under and pursuant to·the terms of the Master Trust Indentuxe from the District to U.S. Bank National Association, Orlando, Florida, as trustee (the "Trustee"), dated as of November 1, 2006 (the "Master Indenture11), as supplemented by the Fifth Supplemental Trust Indenture from the District to the Trustee, dated as of October 1, 2020 (the "Supplemental Indenture" and together with the Master Indenture, the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenfore):

Requisition Number:
Name of Payee:

Amount Payable:

110

VALLENCORT CONSTRUCTION -PAY APP #29 (REV.RETAINER)

$328,134.95

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments or state Costs of Issuance, if applicable):
-Fund or Account and subaccount, if ,.a;ny, from which disbursement to be made:
The undersigned hereby certifies that:
obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2020 Acquisition and Construction Account referenced above, that each disbursement set forth above was incurred in connection with the acquisition andlor cons ruction of the Series 2020 Project and each represents a Cost of the Series 2020 Project, and has not previously been paid out of such Account;
OR
D  this requisition is for costs of issuance payable from the Series 2020 Costs of Issuance Account that has not previously been paid out of such Account.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive l)ayment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested are on file with the District.
ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT

By: Authorized Officer

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CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

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If this requisition is for a disbursement from other than the Series 2020 Costs of Issuance Account, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Series 2020 Project and is consistent with (i) the applicable acquisition or construction contract, (ii)' the plans and specifications fo1· the portion of the Series 2020 Project with respect to which such disbursement is being made, and (iii) the report of the Consulting Engineer attached as an exhibit to the Supplemental Indent-me, as such report shall have been a r'R-  f/1' modified
on the date hereof.	\,\'\. HAo0 111/

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RHCDD-RE0105.HEl

APPLICATION AND CERTIFICATE FOR PAYMENT	AJA DOCUMENT G702	(Instructions on reverse side)	PAGE

TO: Rolling Hills Community Developmer 475 West Town Place Suite 114
St. Augustine, FL 32092
FROM: Vallencourt Construction Company, Inc.
P.O. Box 1889
Green Cove Springs, FL 32043

PROJECT: Rolling Hills 139 Lots Phase A	APPLICATION NO: -29 RET REV
Bradley Creek Pkwy	PERIOD TO: 11/30/23

ENGINEER'S PROJECT NO: N/A
CONTRACTOR'S PROJECT NO: 2020-52

Distribution to:
[X] OWNER
[X] ENGINEER

CHANGE ORDER SUMMARY	
Change Orders approved 'in previous months by Owner
TOTAL	ADDITIONS	DEDUCTIONS	
Approved this Month			
Number	Date Approved			
1	4/26/2021	$  445,496.73		
2	8/16/2021	$	10,710.00		
3	8/16/2021	$	87,188.58		
4	10/29/2021	$  366,625.00		
5	10/29/2021	$	40,023.69		
6	11/21/2021		$	546,965.65	
7	11/22/2022	$	14,596.98		
8	7/5/2023	$58,562.80		
9	1/2/2024		$	126,184.20	
TOTALS	$ 1,023,203.78	$	673,149.85	
Net change by Change Orders	$	350,053.93	

CONTRACTOR'SAPPLICATION FOR PAYMENT

Application is made for Payment, as shown below, in connection with the Contract Continuation Sheet, AIA Document G703, is attached

ORIGINAL CONTRACT SUM......................................................................................  $	4,198,326.03

------

Net change by Change Orders..................................................................................  $	350,053.93
CONTRACT SUM TO DATE (Line 1 +- 2)..............................................................  $	4,548,379.96
TOTAL COMPLETED & STORED TO DATE.......................................................... $	4,548,379.96
(Column G on G703)
RETAINAGE:
0 % of Completed Work $		 (Column D + Eon G703)
_  % of Stored Materials$  	_
(Column Fon G703)

Total Retainage (Line Sa+ Sb or
Total in Column 1 ofG703)..........................................................
TOTAL EARNED LESS RETAINAGE:......................................................................
The undersigned Contractor certifies that to the best of the Contractor's knowledge,	(Line 4 Less Line 5 Total) information and belief the Work covered by this Application for Payment has been 7. LESS PREVIOUS CERTIFICATES FOR
completed in accordance with the Contract Documents, that all amounts have been	PAYMENT (Line 6 from prior Certificate)...................................... paid by the Contractor for Work for which previous Certificates for Payment shown 8. CURRENT PAYMENT DUE........................................................................................
issued and payments received form the Owner, and that current payment shown	9. BALANCE TO FINISH, PLUS RETAINAGE.............................................................

$ 	
$  4,548,379.96

$  4,220,245.01
$   328,134.95
$	0.00 

	(Line 3 less Line 6)	

Date:	November 30, 2023

ENGINEER'S CERTIFICATE FOR PAYMENT	AMOUNT CERTIFIED........................................................................................7	$
In accordance with the Contract Documents, based on on-site observations and the (Attach explan	if mount certified differs from the amount applied for.1

4:

data comprising the above application, the Architect certifi'es to the Owner that tot ENGINEER:	•		/       / best of the Architect's knowledge, information and belief the Work has progressed; By:	 +11-1-1-,,.,,. ---=---		Date: S fl5  Z 
indicated, the quality of the Work is in accordance with the Contract Documents, an This Certifi	t negotiable. The AMOUNT CERTIFIED is payabtetntyt;i;e
the Contractor is entitled to payment of the AMOUNT CERTIFIED	Contract named erein. Issuance, payment and acceptance of payment are without
prejudice to any rights of the Owner or Contractor under this Contract.
AJA DOCUMENT G702 * APPLICATION AND CERTIFICATE FOR PAYMENT*MAY 1983 EDITION*AIA*@1983
THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YOUR AVENUE, N.W., WASHINGTON D.C. 20006	G702-1986

WAIVER AND RELEASE OF LIEN UPON FINAL PAYMENT

The undersigned Henor, upon payment from the lienee, of the sum of $	328,134.95 , hereby waives and releases its lien and right to claim a lien including all claims, change orders, or demands whatsoever for labor, services,
or materials furnished through  November 30, 2023  on the job of	Rolling Hills Community Development District
to the following described property:

Project: Rolling Hills 139 Lots Phase A Location: Bradley Creek Pkwy Invoice#: -29 RET REV

This waiver and release does not cover any labor, services, or materials furnished after the date specified. The undersigned represents that he/she is an authorized agent of Lienor and has authority to execute this Waiver and Release of Lien on behalf of Lienor.

Dated on:	November 30, 2023
Lienor's Name: Vallencourt Construction Co., Inc.
Address: P.O. Box 1889
Green Cove Springs, FL 32043

,	V

-

Phone:	904-291-9330

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By: ,

Printed Name: Daniel Vallencourt
Title: Vice President

REQUISITION FOR SERIES 2020 PROJECT

The undersigned, an Authorized Officer of Rolling Hills Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U.S. Bank National Association, Orlando, Florida, as trustee (the "Trustee"), dated as of November 1, 2006 (the "Master Indenture"), as supplemented by the Fifth Supplemental Trust Indenture from the District to the Trustee, dated as of October 1, 2020 (the "Supplemental Indenture" and together with the Master Indenture, the "Indenture") (all capitalized teTms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number:
Name of Payee:

Amount Payable:

111
HADDEN ENGINEERING, INC

$6,125.00

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments or state Costs oflssuance, if applicable):
Fund or Account and sub account, if any, from which disbursement to be made:		'
The undersigned hereby ceTtifies that:
obligations in the stated amount set forth above have been incurred by the District, that each disbursement set foTth above is a proper charge against the Series 2020 Acquisition and Construction Account referenced above, that each disbursement set forth above was incurred in connection with the acquisition and/or construction of the Series 2020 Project and each represents a Cost of the Series 2020 Project, and has not previously been paid out of such Account;
OR
D  this requisition is for costs of issuance payable from the Series 2020 Costs of Issuance Account that has not previously been paid out of such Account.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, 01· claim affecting the right to rnceive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disburnement is hereby requested are on file with the District.
ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT

By	i()_,_._.\_ 0,   ).	
eorized Officer

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than the Series 2020 Costs of Issuance Account, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Series 2020 Project and is consistent with (i) the applicable acquisition or construction contract, (ii)' the plans and specifications for the portion of the Series 2020 Project with respect to which such disbursement is being made, and (iii) the report of the Consulting Engineer attached as an exhibit to the Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

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,.,	l VOICE #6048
DJKN ENGINEEIDN<G9 JINC.	-

POST OFFICE BOX 9509	DATE  6/3/2024
FLEMING ISLAND, FL 32006 (904) 269-9999

BILL TO	I
GMS
MERILEE GILES
475 WEST Town Place, #114 St. Augustine, FL. 32092

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'

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PERIOD COVERED 3/15/24	TO 5/31/24

PROJECT NO.

14201

DESCRIPTION

HOURS

RATE

ENGINEERING SERVICES	49

$	125.00

Meet with County and Attorneys regarding Park signs
I
Contractor Pav Reauests
Review Pay Requests Ag_11.rove Pay Requests Certify and forward to GMS

Lot Sales Issues Site Inspections

COD Meetings & Zoom Mygs,

$6,125.00

SIXTH ORDER OF BUSINESS

B.

FORM OF REQUISITION FOR SERIES 2022 PROJECT
The undersigned, an Authorized Officer of Rolling Hills Community Development District (the "District") hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to U.S. Bank Trust Company, National Association, Orlando, Florida, as trustee (the "Trustee"), dated as of November 1, 2006 (the "Master Indenture"), as supplemented by the Sixth Supplemental Trust Indenture from the District to the Trustee, dated as of February 1, 2022 (the "Supplemental Indenture" and together with the Master Indenture, the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 111
Name of Payee: Alliant Engineering, Inc.
Amount Payable: $820.00
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments or state Costs of Issuance, if applicable): CDD Engineering support for through February of 2024.
Fund or Account and subaccount, if any, from which disbursement to be made: Series 2022 bonds.
The undersigned hereby certifies that:
IXl	obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the Series 2022 Acquisition and Construction Account referenced above, that each­ disbursement set forth above was incurred in connection with the acquisition and/or construction of the Series 2022 Project and each represents a Cost of the Series 2022 Project, and has not previously been paid out of such Account;
OR
D	this requisition is for costs of issuance payable from the Series 2022 Costs of Issuance Account that has not previously been paid out of such Account.
The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.
Originals or copies of the invoice(s) from the vendor of the property acquired or services rendered with respect to which disbursement is hereby requested are on file with the District.
ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT

By:fA(lAA	 D_\-
Authorized Officer

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than the Series 2022 Costs of Issuance Account, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Series 2022 Project and is consistent with (i) the applicable acquisition or construction contract, (ii) the plans and specifications for the portion of the Series 2022 Project with respect to which such disbursement is being made, and (iii) the report of the Consulting Engineer attached as an exhibit to the Supplemental Indenture, as such report shall have been amended or modified on the date hereof.
Alliant Engineering, Inc. Joseph R. Schofield, P.E.
Dlgltally signed by Signature Reason: I am approving this document
Date: 2024.04.1014:52:20-04'00'

Consulting Engineer

10475 Fortune Pkwy Ste 101
Jacksonville, FL 32256
904.240.1351 MAIN
www.alliant-inc.com

6
ALLIANT

Remit to:
733 Marquette Ave Ste 700
Minneapolis, MN 55402
612.758.3080 MAIN
www.alliant-inc.com

Rolling Hills Community Development District
Attn: Accounts Payable			
475 West Town Place, Suite 114, World Golf Village	March 21, 2024		
St. Augustine, FL 32092	Invoice No:	77065	
	Due Date:	April 20, 2024	

Project Contact
Project

Stacey Johnson
2210076-10	Rolling Hills CDD

Professional Services through February 29, 2024

Task
Fee

Total Fee

001	CDD

12,500.00

Percent Complete

100.00 Total Earned
Previous Fee Billing

12,500.00
12,500.00

Current Fee Billing	0.00
Total Fee	0.00

Total this Task	0.00

Task	002	CDD Engineering
Professional Personnel

Employee

Hours	Rate	Amount

Schofield, Joseph	2.00	205.00	410.00
Baord mtg. virtual attendance, construction close-out activities, park improvements support.
Schofield, Joseph	2.00	205.00	410.00
pay requisition, performance bond support, park improvement support and corres.
Totals	4.00	820.00
Total Labor	820.00

Total this Task	$820.00

Total this Invoice	$820.00

email: accountsreceivable@alliant-inc.com

SEVENTH ORDER OF BUSINESS

A.

RIVERSIDE MANAGEMENT SERVICES, INC.
9655 Florida Mining Boulevard West – Building 300 – Suite 305 – Jacksonville, Florida - 32257

May 23rd, 2024

Marilee Giles
Rolling Hills Community Development District 475 West Town Place, Suite 114
World Golf Village
St. Augustine, Florida 32092

Re: Amenity Manager, Operations Manager, Pool Service, Janitorial, and Lifeguard/Deck Monitor Services.

Dear Marilee:

Please consider this proposal for Riverside Management Services, Inc. to continue providing the following services for the Rolling Hills Community Development District:

Services	Adopted Budget FY 2024	Actual Fee FY 2024	Proposed Fee FY2025	

Amenity Manager	
$67,568	
$67,568	
$71,622	
Operations Manager	$24,662	$24,662	$26,142	
Pool Maintenance	$15,627	$15,627	$19,500	
Janitorial Service	$14,694	$14,694	$15,576	
Lifeguards & Deck Monitors (1,896 hrs)	$40,754	$40,754	$40,754	
Facility Assistant	$17,000	$17,000	$17,000	

The proposed fees will remain static for Lifeguards/Deck Monitors and Facility Assistant, but we are asking for a cost-of-living increase for the Amenity Manager, Operations Manager, Pool Maintenance and Janitorial Services. The amounts for Lifeguards and Deck Monitors reflect a $1.50 per hour rate increase to offset the impact of the mandated minimum wage increase of $1.00 plus taxes, insurance and cost-of-living increase. The ownership and management at Riverside Management Services, Inc. would like to thank the Board of Supervisors in advance for your consideration of our request to help offset the continued rise in cost to operate. Should you have any questions or comments, please feel free to give me a call.

Sincerely,

Alison Mossing Vice President

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EIGHTH ORDER OF BUSINESS

ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT
CLAY COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT CLAY COUNTY, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet - Governmental Funds to the
Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-22	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
23	
Notes to Required Supplementary Information	24	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	25	
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	

26-27	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

28	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
29-30	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Rolling Hills Community Development District Clay County, Florida

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

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Rolling Hills Community Development District, Clay County, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
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, 2023, 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.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for 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.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit 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 District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
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 is the responsibility of management and, 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 Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 3, 2024, 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 solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s 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.

June 3, 2024

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Rolling Hills Community Development District, Clay County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2023. 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 plus deferred outflows of resources of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $7,896,697.

The change in the District’s total net position in comparison with the prior fiscal year was $3,789,257, 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, 2023, the District’s governmental funds reported combined ending fund balances of
$2,274,811 a decrease of ($1,786,652) in comparison with the prior fiscal year. A portion of fund balance is restricted for debt service and capital projects, nonspendable for prepaids and deposits, assigned for 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 basic financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

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

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

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

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances 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 which are considered major funds.

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

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets plus deferred outflow of resources exceeded liabilities at the close of the most recent fiscal year.

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

NET POSITION SEPTEMBER 30,		
	2023	2022	
Assets, excluding capital assets	$	3,362,592	$	5,132,078	
Capital assets, net of depreciation	23,819,106	18,563,631	
Total assets	27,181,698	23,695,709	
Deferred outflows of resources	28,209	30,298	
Liabilities, excluding long-term liabilities	1,408,579	1,396,913	
Long-term liabilities	17,904,631	18,221,654	
Total liabilities	19,313,210	19,618,567	
Net Position			
Net investment in capital assets	5,943,178	2,731,572	
Restricted	1,216,308	946,607	
Unrestricted	737,211	429,261	
Total net position	$	7,896,697	$	4,107,440	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

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

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,

	2023	2022	
Revenues: Program revenues
Charges for services	$	2,242,334	$	1,677,307	
Operating grants and contributions	35,656	893	
Capital grants and contributions	3,357,750	435,822	
General revenues			
Miscellaneous	19,445	4,550	
Unrestricted investment earnings		13,652	1,907 
Total revenues		5,668,837	2,120,479  Expenses:
General government	141,229	125,667	
Maintenance and operations	468,033	478,954	
Amenity center	488,821	405,194	
Interest on long-term debt	781,497	717,298	
Bond issue costs		-	400,540 	
Total expenses		1,879,580	2,127,653 	
Change in net position		3,789,257	(7,174)	
Net position - beginning		4,107,440	4,114,614 	
Net position - ending	 $	7,896,697  $	4,107,440 	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $1,879,580. The majority of the costs of the District’s activities were paid by program revenues. Program revenues are comprised primarily of assessments. Revenues increased over the prior year due to an increase in assessment revenue and Developer contributions in the current year. In total, expenses decreased over the prior year as a result of the bond issue costs.

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, 2023.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets

At September 30, 2023, the District had $30,303,512 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $6,484,406 has been taken, which resulted in a net book value of $23,819,106. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2023, the District had $17,985,000 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

The District anticipates the continuation of the infrastructure improvement project for the subsequent year. In addition, it is anticipated that the general operations of the District will continue to increase.
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 Rolling Hills Community Development District’s Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida 33351.

ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT CLAY COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash	$	301,200	
Investments	289,260	
Due from Developer	1,398,633	
Deposits and prepaids	43,033	
Restricted assets:		
Investments	1,330,466	
Capital assets:		
Nondepreciable	14,485,370	
Depreciable, net		9,333,736 	
Total assets		27,181,698 	

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding (debit)		28,209 
Total deferred outflows of resources		28,209 

LIABILITIES		
Accounts payable	26,395	
Contracts and retainage payable	1,061,386	
Accrued interest payable	320,798	
Non-current liabilities:		
Due within one year	330,000	
Due in more than one year		17,574,631 	
Total liabilities		19,313,210 	

NET POSITION		
Net investment in capital assets	5,943,178	
Restricted for debt service	1,216,308	
Unrestricted		737,211 	
Total net position	 $  7,896,697 	

See notes to the financial statements

ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT CLAY COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

for		Grants and	Grants and	Governmental Functions/Programs		Expenses	Services	Contributions Contributions		Activities	 Primary government:
Governmental activities:

General government

$	141,229

$	141,229	$	-	$	-	$	-

Maintenance and operations		 468,033		 279,326		-	3,357,750	3,169,043 Amenity center		488,821		488,821		-		-			- Interest on long-term debt		781,497	1,332,958	35,656		-		587,117 
Total governmental activities		1,879,580	2,242,334	35,656	3,357,750	3,756,160 

General revenues:		
Miscellaneous	19,445	
Unrestricted investment earnings		13,652 	
Total general revenues		33,097 	
Change in net position	3,789,257	
Net position - beginning		4,107,440 	
Net position - ending	 $	7,896,697 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

	Major Funds	
Debt	Capital

Total Governmental

	General	Service	Projects	Funds	
ASSETS
Cash	
$	301,200	
$	-	
$	-	
$	301,200	
Investments	289,260	1,329,972	494	1,619,726	
Due from Developer	130,113	207,134	1,061,386	1,398,633	
Deposits and prepaids	43,033	-	-	43,033	
Total assets	 $	763,606	$ 1,537,106	$ 1,061,880	$ 3,362,592 	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	

$	26,395	

$	-	

$	-	

$	26,395	
Contracts and retainage payable	-	-	1,061,386	1,061,386	
Total liabilities	26,395	-	1,061,386	1,087,781	

Fund balances: Nonspendable:
Prepaids and deposits Restricted for:
Debt service	43,033

-	-

1,537,106	-

-	43,033

1,537,106	
Capital projects	-	-	494	494	
Assigned to: Capital reserves		
379,184		
-		
-		
379,184	
Unassigned		314,994		-		-		314,994	
Total fund balances		737,211		1,537,106		494		2,274,811	

Total liabilities and fund balances	
$	
763,606	
$	
1,537,106	
$	
1,061,880	
$	
3,362,592	

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Fund balance - governmental funds	$  2,274,811
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 any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	30,303,512		
Accumulated depreciation	  (6,484,406) 	23,819,106	
Deferred charges on refunding of long-term debt are shown as deferred outflows/inflows of resources in the government-wide financial statements; however, this amount is expensed in the governmental fund financial statements.		

28,209	
Liabilities not due and payable from current available resources are not reported as liabilities in the  governmental fund			
statements.	All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(320,798)	
Bonds payable		  (17,904,631)	(18,225,429) 	
Net position of governmental activities		$  7,896,697	

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	Major Funds		Total

REVENUES

Debt	Capital
General	Service	Projects

Governmental Funds

Assessments	$	909,376	$ 1,332,958	$	-	$	2,242,334	
Developer contributions	-	-	3,332,634	3,332,634	
Interest	13,652	35,656	25,116	74,424	
Miscellaneous revenues	19,445	-	-	19,445	
Total revenues	942,473	1,368,614	3,357,750	5,668,837	

EXPENDITURES
Current:
General government	141,229	-	-	141,229	
Maintenance and operations	193,541	-	-	193,541	
Amenity center	299,753	-	-	299,753	
Debt Service:
Principal	
-	
320,000	
-	
320,000	
Interest	-	781,931	-	781,931	
Capital outlay	-	-	5,719,035	5,719,035	
Total expenditures	634,523	1,101,931	5,719,035	7,455,489	

Excess (deficiency) of revenues over (under) expenditures	

307,950	

266,683	

(2,361,285)	

(1,786,652)	

OTHER FINANCING SOURCES (USES)
Interfund transfer in	

-	

-	

2,482	

2,482	
Interfund transfer (out)	-	(2,482)	-	(2,482)	
Total other financing sources (uses)	-	(2,482)	2,482	-	

Net change in fund balance	
307,950	
264,201	
(2,358,803)	
(1,786,652)	
Fund balances - beginning	429,261	1,272,905	2,359,297	4,061,463	

Fund balances - ending	
$	737,211	
$ 1,537,106	
$	494	
$  2,274,811	

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, 2023

Net change in fund balances - total governmental funds	$ (1,786,652)
Amounts reported for governmental activities in the statement of activities are different because:
Depreciation on capital assets is not recognized in the governmental fund statement but is reported as an expense in the statement of
activities.	(463,560)
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities
and capitalized in the statement of net position.	5,719,035
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the
statement of activities.	320,000
Amortization of the deferred charge on refunding is not recognized in the governmental fund financial statements, but is reported as an

expense in the statement of activities.
Amortization of Bond discounts/premiums is not recognized in the

(2,089)

governmental fund financial statements, but is reported as an expense in the statement of activities.	
(2,977)	
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 fund financial statements.	

	5,500 	
Change in net position of governmental activities	$  3,789,257	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
Rolling Hills Community Development District ("District") was established by Ordinance 2006-9 of the Board of County Commissioners of Clay County, pursuant to the Uniform Community Development District Act of 1980, and otherwise known as Chapter 190, Florida Statutes. 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 purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the qualified electors of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. (Operating-type special assessments for maintenance and debt service are treated as charges for services.); and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the “Uniform Method of Collection” under Florida Statutes. Direct collected assessments are due as set forth in the annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the Uniform Method are noticed 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
The capital projects fund is used to account for the costs of major infrastructure acquired by the District and also to accumulate capital reserves for future maintenance costs and capital projects.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

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

Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

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
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Inter-local Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.
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 (amount not rounded) 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 acquisition 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 (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Buildings and Improvements	20 - 40	
Infrastructure	35	
Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.
In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

Fund Equity/Net Position (Continued)
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.

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 upcoming 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.

The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.
Investments
The District’s investments were held as follows at September 30, 2023:
 Amortized cost	Credit Risk	Maturities	
US Bank Money Market 5- Ct	$	1,330,466	N/A	N/A

Investment in Local Government Surplus Funds Trust Fund
(Florida PRIME)		289,260 	S&P AAAm
 $	1,619,726 

Weighted average of the fund portfolio: 35 days

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

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

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

However, the Bond Indenture limits the type of investments held using unspent proceeds.
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
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. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

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

As of September 30, 2023, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.
NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2023 was as follows:

Beginning Balance

Additions	Reductions

Ending Balance

Governmental activities
Capital assets, not being depreciated		
Infrastructure in progress	$	8,766,335	$	5,719,035	$	-	$  14,485,370	
Total capital assets, not being depreciated	8,766,335	5,719,035	-	14,485,370	

Capital assets, being depreciated Improvements other than buildings	

1,269,084	

-	

-	

1,269,084	
Infrastructure	9,650,172	-	-	9,650,172	
Building	4,898,886	-	-	4,898,886	
Total capital assets, being depreciated	15,818,142	-	-	15,818,142	

Less accumulated depreciation for: Improvements other than buildings	

819,486	

63,455	

-	

882,941	
Infrastructure	3,568,395	274,492	-	3,842,887	
Building	1,632,965	125,613	-	1,758,578	
Total accumulated depreciation	6,020,846	463,560	-	6,484,406	

Total capital assets, being depreciated, net	
9,797,296	
(463,560)	
-	9,333,736	

Governmental activities capital assets, net	
$ 18,563,631	
$	5,255,475	
$	-	$  23,819,106	

The infrastructure is being built in phases. The current project includes Phase 3A and 3BC and is projected to cost approximately $14,500,000. The infrastructure will include various infrastructure improvements. A portion of the project costs was expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. Upon completion, certain improvements are to be conveyed to others for ownership and maintenance responsibilities.

Depreciation was charged to the following functions:

Maintenance and operations	$	274,492	
Culture and recreation		189,068 	
	 $	463,560 	

NOTE 6 – LONG TERM LIABILITIES

Series 2015
In December 2015 the District issued $8,280,000 of Capital Improvement Revenue Refunding Bonds, Series 2015 consisting of multiple term bonds with due dates ranging from May 1, 2016 to May 1, 2037 and fixed interest rates ranging from 3.3% to 6.70%. The Bonds were issued to refund a portion of the District’s outstanding Capital Improvements Revenue Bonds, Series 2006 (the “Refunded Bonds”), acquire and construct certain assessable improvements (the “Project”), and pay certain costs associated with the issuance of the Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2016 through May 1, 2037. The District refunded $1,890,000 of the Series 2015A-3 Bonds during the current fiscal year. The refunding was a current refunding and left $380,000 owed on the Series 2015A-3 Bonds.

The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are also subject to extraordinary mandatory redemption prior to their selected maturity in the manner outlined in the Bond Indenture..

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, 2023.
Series 2020
In October 2020 the District issued $2,625,000 of Capital Improvement Revenue Bonds, Series 2020A-1 and
$1,840,000 of Capital Improvement Revenue and Refunding Bonds, Series 2020A-2, consisting of multiple term bonds with due dates ranging from May 1, 2025 to May 1, 2050 and fixed interest rates ranging from 3.375% to 4.875%. The Bonds were issued to redeem a portion of the District’s Capital Improvement Revenue Refunding Bonds, Series 2015A-3 and to finance a portion of the cost of acquiring, constructing, and equipping the Series 2020 project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Series 2020 Bonds is paid serially commencing May 1, 2021 through May 1, 2050.
The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are also subject to extraordinary mandatory redemption prior to their selected maturity in the manner outlined in the Bond Indenture.

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, 2023.

Series 2022
In February 2022 the District issued $6,130,000 of Capital Improvement Revenue Bonds, Series 2022A-1 and
$4,740,000 of Capital Improvement Revenue and Refunding Bonds, Series 2022A-2, consisting of multiple term bonds with due dates ranging from May 1, 2027 to May 1, 2052 and fixed interest rates ranging from 3.125% to 4.0%. The Bonds were issued to redeem a portion of the District’s Capital Improvement Revenue Refunding Bonds, Series 2015A-3 and to finance a portion of the cost of acquiring, constructing, and equipping the Series 2022 project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Series 2020 Bonds is paid serially commencing May 1, 2023 through May 1, 2052

The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are also subject to extraordinary mandatory redemption prior to their selected maturity in the manner outlined in the Bond Indenture.

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, 2023.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2023 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2015A-1	$	1,740,000	$	-	$	80,000	$	1,660,000	$	85,000	
Series 2015A-2	1,385,000	-	60,000	1,325,000	60,000	
Series 2015A-3	380,000	-	15,000	365,000	15,000	
Series 2020A-1	2,540,000	-	50,000	2,490,000	50,000	
Series 2020A-2	1,390,000	-	-	1,390,000	-	
Less: OID	83,346	-	2,977	80,369	-	
Series 2022A-1	6,130,000	-	115,000	6,015,000	120,000	
Series 2022A-2	4,740,000	-	-	4,740,000	-	
Total	$  18,221,654	$	-	$	317,023	$  17,904,631	$	330,000	
At September 30, 2023, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2024	$	330,000	$	769,913	$	1,099,913	
2025	345,000	756,039	1,101,039	
2026	365,000	741,494	1,106,494	
2027	390,000	725,763	1,115,763	
2028	400,000	708,223	1,108,223	
2029-2033	8,420,000	2,867,739	11,287,739	
2034-2038	2,530,000	1,434,023	3,964,023	
2039-2043	1,625,000	966,606	2,591,606	
2044-2048	1,990,000	595,256	2,585,256	
2049-2052		1,590,000	153,513	1,743,513 	
Total	 $	17,985,000	$	9,718,569	$	27,703,569 	

The Developer owns certain lots within the District therefore assessments in the general and debt service funds include amounts collected on Developer owned lots.
The District’s activity is dependent upon the continued involvement of the Developer and major Landowners, the loss of which could have a material adverse effect on the District’s operations.

NOTE 8 – MANAGEMENT COMPANY
The District has contracted with a management company to perform management advisory services, which include financial and accounting 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 9 – 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 since inception of the District.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	908,410	
$	909,376	
$	966	
Interest	-	13,652	13,652	
Miscellaneous income	3,500	19,445	15,945	
Total revenues	911,910	942,473	30,563	

EXPENDITURES
Current:
General government	126,324	141,229	(14,905)	
Maintenance and operations	220,484	193,541	26,943	
Amenity	330,481	299,753	30,728	
Total expenditures	677,289	634,523	42,766	

Excess (deficiency) of revenues over (under) expenditures	

 $	234,621 	

307,950	

 $	73,329 	
OTHER FINANCING SOURCES				
Transfer in (out)	(234,621)	-	234,621	
Total other financing sources	(234,621)	-	234,621	

Net change in fund balance	
 $	-		
307,950	
 $	307,950 	

Fund balance - beginning		429,261 

Fund balance - ending	 $	737,211 

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.	
4	
Employee compensation	0	
Independent contractor compensation	$7,623.80	
Construction projects to begin on or after October 1; (>$65K)	0	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes;	Not applicable	
Outstanding Bonds:	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $1,269.90
Debt service - $832.62 - $1,726.60	
Special assessments collected	$2,242,334	
Outstanding Bonds:	see Note 6 for details	

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

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
Rolling Hills Community Development District Clay 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 Rolling Hills Community Development District, Clay County, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 3, 2024.
Report on 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 or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

June 3, 2024

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Rolling Hills Community Development District Clay County, Florida
We have examined Rolling Hills Community Development District, Clay County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2023. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

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

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2023.

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 Rolling Hills Community Development District, Clay County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 3, 2024

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

To the Board of Supervisors
Rolling Hills Community Development District Clay County, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of Rolling Hills Community Development District, Clay County, Florida ("District") as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated June 3, 2024.
Auditor’s Responsibility

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

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA 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 June 3, 2024, 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.
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 Rolling Hills Community Development District, Clay County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Rolling Hills Community Development District, Clay 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.

June 3, 2024

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2022.
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, 2023.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2023.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2023. 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.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 25.

NINTH ORDER OF BUSINESS

RESOLUTION 2024-04

[FY 2025 BUDGET APPROVAL RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2025; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Rolling Hills Community Development District (“District”) prior to June 15, 2024, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.

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

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is hereby approved preliminarily.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION.	A public hearing on said
approved Proposed Budget is hereby declared and set for the following date, time, and location, and District staff is directed to provide notice of the same in accordance with Florida law:
DATE:	August 13, 2024
TIME:	6:00 p.m.
LOCATION:	Rolling Hills Amenity Center
3212 Bradley Creek Parkway Green Cove Springs, Florida 32043

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT; POSTING OF PROPOSED
BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes.

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

PASSED AND ADOPTED THIS 11TH DAY OF JUNE, 2024.

ATTEST:	ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A:	Proposed Budget

Exhibit A
Proposed Budget

Rolling Hills
Community Development District

Proposed Budget
FY2025

	Table of Contents	

1-2	
General Fund	

3	
Capital Reserve Fund	

4-7	
Narratives	

8	
Debt Service Fund Series 2015A1	

9	
Series 2015A1 Amortization Schedule	

10	
Debt Service Fund Series 2015A2	

11	
Series 2015A2 Amortization Schedule	

12	
Debt Service Fund Series 2015A3	

13	
Series 2015A3 Amortization Schedule	

14	
Debt Service Fund Series 2020	

15-16	
Series 2020A1 and A2 Amortization Schedules	

17	
Debt Service Fund Series 2022	

18-19	
Series 2022A1 and A2 Amortization Schedules	

20	
Assessment Schedule - Option 1	

21	
Assessment Schedule - Option 2	

22	
Assessment Schedule - Option 3	

23	
Assessment Schedule - Option 4	

Adopted	Actuals Thru Projected Next Projected Thru Budget	Option 1	Option 2	Option 3	Option 4

Proposed	Proposed	Proposed	Proposed Budget		Budget		Budget		Budget	

Description	

FY2024	

4/30/24	

  5 Months		

9/30/24	

FY 2025	

FY 2025	

FY 2025	

FY 2025	

REVENUES:									
Special Assessments - On Roll	$908,410	$845,370	$-	$845,370	$941,498	$1,231,600	$1,111,930	$1,468,600	
Assessments - Direct Platted	-	69,832	51,926	121,758	-	-	-	-	
Swim & Tennis Program Fees	1,350	170	400	570	500	500	500	500	
Facility Rental Fees	3,500	3,110	1,800	4,910	4,600	4,600	4,600	4,600	
Interest/Misc. Income	4,600	1,542	2,000	3,542	3,500	3,500	3,500	3,500	
TOTAL REVENUES	$917,860	$920,024	$56,126	$976,150	$950,098	$1,240,200	$1,120,530	$1,477,200	

EXPENDITURES:									
Administrative:									
Supervisor Fees	$8,000	$4,600	$3,000	$7,600	$8,000	$8,000	$8,000	$8,000	
FICA Taxes	612	352	230	582	612	612	612	612	
Engineer Fees	2,000	-	1,000	1,000	2,000	2,000	2,000	2,000	
Attorney	20,000	8,953	9,699	18,652	20,000	20,000	20,000	20,000	
Annual Audit	7,500	3,000	4,400	7,400	7,500	7,500	7,500	7,500	
Assessment Administration	10,000	10,000	-	10,000	10,600	10,600	10,600	10,600	
Arbitrage Rebate	2,400	1,200	1,200	2,400	2,400	2,400	2,400	2,400	
Dissemination Agent	10,000	5,833	4,167	10,000	10,600	10,600	10,600	10,600	
Trustee Fees	16,163	16,163	-	16,163	16,163	16,163	16,163	16,163	
Management Fees	44,982	26,240	18,742	44,982	47,681	47,681	47,681	47,681	
Information Technology	1,800	1,050	750	1,800	1,908	1,908	1,908	1,908	
Website Administration	1,200	700	500	1,200	1,272	1,272	1,272	1,272	
Telephone	500	211	151	362	500	500	500	500	
Postage & Delivery	500	247	176	423	500	500	500	500	
General Liability & Public Officials Insurance	11,053	9,022	-	9,022	10,572	10,572	10,572	10,572	
Printing & Binding	1,250	402	287	689	1,250	1,250	1,250	1,250	
Legal Advertising	2,000	151	800	951	2,000	2,000	2,000	2,000	
Bank Fees and Other Charges	1,000	300	200	500	1,000	1,000	1,000	1,000	
Office Supplies	100	98	2	100	100	100	100	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	175	175	175	
TOTAL ADMINISTRATIVE	$141,234	$88,697	$45,304	$134,001	$144,833	$144,833	$144,833	$144,833	

Adopted	Actuals Thru Projected Next Projected Thru Budget

Description	FY2024	4/30/24	  5 Months		9/30/24

Operations & Maintenance

Field Operations	Option 1	Option 2	Option 3	Option 4

Proposed	Proposed	Proposed	Proposed Budget		Budget		Budget		Budget

FY 2025	FY 2025	FY 2025	FY 2025	
Operations Management	$24,662	$14,386	$10,276	$24,662	$26,142	$26,142	$26,142	$26,142	
Utilities - Irrigation & Streetlights	35,000	21,871	15,622	37,493	35,270	35,270	35,270	35,270	
Repairs & Maintenance	40,000	18,078	12,913	30,991	40,000	40,000	40,000	40,000	
Landscape	80,000	47,206	38,271	85,477	94,147	94,147	94,147	94,147	
Landscape - Contingency	15,000	4,998	5,000	9,998	15,000	15,000	15,000	15,000	
Mulch	15,000	-	15,000	15,000	15,000	15,000	15,000	15,000	
Lake Maintenance	14,200	3,723	2,675	6,398	14,200	14,200	14,200	14,200	
Irrigation Repairs	5,719	1,525	4,000	5,525	5,750	5,750	5,750	5,750	
Miscellaneous	-	4,768	-	4,768	-	-	-	-	
Total Field Operations	$229,581	$116,555	$103,757	$220,312	$245,509	$245,509	$245,509	$245,509	

Amenity Center Operations
Facility Management	$67,568	

$39,415	

$28,153	

$67,568	

$71,622	

$71,622	

$71,622	

$71,622	
Facility Asst/Gate Monitor	17,000	4,487	11,002	15,489	17,000	17,000	17,000	17,000	
Pool Attendants	40,754	-	35,000	35,000	40,754	40,754	40,754	40,754	
Refuse Service	7,200	5,406	5,780	11,186	10,000	10,000	10,000	10,000	
Security	25,000	5,663	4,854	10,517	25,000	25,000	25,000	25,000	
Utilities	55,000	24,942	21,379	46,321	55,000	55,000	55,000	55,000	
Recreation Passes	1,000	-	1,000	1,000	1,000	1,000	1,000	1,000	
Repairs & Maintenance	40,000	23,170	19,860	43,030	40,000	40,000	40,000	40,000	
Janitorial	14,694	8,572	7,347	15,919	15,576	15,576	15,576	15,576	
Pool Maintenance	15,627	9,977	8,552	18,529	19,500	19,500	19,500	19,500	
Special Events	8,000	3,405	2,919	6,324	8,000	8,000	8,000	8,000	
Operating Supplies	10,000	6,826	5,851	12,677	10,000	10,000	10,000	10,000	
Pool Chemicals	15,000	4,191	14,000	18,191	20,000	20,000	20,000	20,000	
Permit	475	-	475	475	475	475	475	475	
Insurance	41,665	34,011	-	34,011	37,767	37,767	37,767	37,767	
Capital Outlay	-
Proposed Projects:
Pickle Ball Court	-	11,005

-	-

-	11,005

-	-

-	-

-	-

60,000	-

60,000	
Half Court Basketball	-	-	-	-	-	-	29,000	29,000	
Tennis Court LED Lights	-	-	-	-	-	-	20,000	20,000	
Tennis Court Wind Screens	-	-	-	-	-	-	9,000	9,000	
Park Equipment	-	-	-	-	-	-	20,000	20,000	
Dog Park	-	-	-	-	-	-	20,000	20,000	
Garden Golf Area	-	-	-	-	-	-	30,000	30,000	
Additional Security Cameras	-	-	-	-	-	-	4,000	4,000	
Flock Cameras	-	-	-	-	-	-	10,000	10,000	
Amenity Building Painting	-	-	-	-	-	-	35,000	35,000	
Total Amenity Center Operations	$358,983	$181,070	$166,171	$347,241	$371,694	$371,694	$608,694	$608,694	
								
TOTAL EXPENDITURES	$729,798	$386,322	$315,232	$701,554	$762,036	$762,036	$999,036	$999,036	

Other Sources/(Uses)
Interfund Transfer Out - Cap Reserve	(188,062)	

(188,062)	

-	

(188,062)	

($188,062)	

(478,164)	

(121,494)	

(478,164)	
TOTAL OTHER SOURCES/(USES)	$(188,062)	$(188,062)	$-	$(188,062)

EXCESS REVENUES (EXPENDITURES)	$	-  $  345,640  $  (259,106)  $	86,534	$(188,062)	$(478,164)	$(121,494)  $(478,164)

$	0  $	-  $	(0) $	-	

Rolling Hills
Community Development District
Proposed Budget Capital Reserve Fund

Adopted	Actuals Thru	Projected Next Projected Thru Proposed Budget Budget	
Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	

REVENUES:						
Interest Income	$-	$8,877	$9,000	17,877	$10,000	
Capital Reserve-Transfer In	188,062	188,062	-	188,062	121,494	
Carry Forward Balance	537,440	379,185	-	379,185	142,824	
TOTAL REVENUES	$725,502	$576,124	$9,000	$585,124	$274,318	

EXPENDITURES:						
Capital Outlay	$442,300	$320,755	$121,545	$442,300	$-	
TOTAL EXPENDITURES	$442,300	$320,755	$121,545	$442,300	$-	
						
TOTAL EXPENDITURES	$442,300	$320,755	$121,545	$442,300	$-	
						
EXCESS REVENUES (EXPENDITURES)	$283,202	$255,369	$(112,545)	$142,824	$274,318	

Capital Reserve Study

Description	FY 2025-
Reserve Study	
Reserves Beginning of Year	$	499,494.00	
Contributions	$	121,494.00	
Interest Income	$	10,000.00	
Expenditures	$	-	
Anticipated Balance	$	630,988.00	

Budget Fiscal Year 2024		

Description	Projected	FY
2025	
Reserves Beginning of Year	$	142,824	
Contributions	$	121,494	
Interest Income	$	10,000	
Expenditures	$	-	
Anticipated Balance	$274,318	

Variance Reserve Study Vs Actual	$ (356,670.00)

REVENUES

Swim & Tennis Program Fees
Represents fees collected for the use of Pool and Tennis amenities.
Interest/Misc. Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Facility Rental Fees
The residents may rent the facilities for personal use.

Expenditures - Administrative

Supervisors Fees
The District may compensate supervisors up to $200 per meeting with a maximum amount of $4,800 per year.
FICA Taxes
Represents District’s share of Social Security and Medicare Taxes withheld from supervisor’s fees.
District Engineering Fees
The District will contract with an engineering firm to provide general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.
District Attorney Fees
The District's legal counsel, Kutak Rock LLP , will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau
Assessment Roll Administration
The District has contracted with Governmental Management Services for the certification of the District’s annual maintenance and debt service assessments to the County Tax Collector.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2015 A1/A2/A3, 2020 A1/A2 and 2022 A1/A2 Bonds. The District will contract with a certified public accounting firm to calculate the rebate liability and submit reports to the District.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for unrelated bond issues. The District has contracted with GMS, LLC to provide this service.

Trustee Fees
The District issued $2,500,000 of Series 2015A-1, $1,930,000 of Series 2015A-2, $3,850,000 of Series 2015A-3, $4,465,000 of Series 2020A1/A2 Capital Improvement Revenue Refunding Bonds and $6,130,000 of Series 2022A1 and $4,740,000 of Series 2022A2 Capital Improvement Revenue and Refunding Bonds which are held by a Trustee at U.S. Bank.
District Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC .
Information Technology
The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC .
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Telephone
Telephone and fax machine.
Postage and Delivery
Mailing of checks, payroll, overnight deliveries, correspondence, etc.

Expenditures - Administrative (continued)

Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Printing and Binding
Printing of computerized checks, stationery, envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc.
Bank Fees and Other Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Miscellaneous office supplies.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Expenditures – Field Operations

Operations Management
The District has contracted with Riverside Management Services to provide oversight of daily operations of the common areas, irrigation and maintenance contracts.
Utilities - Irrigation & Streetlights
The District has utility accounts with the following providers for irrigation and lighting:

Clay Electric	Account No.
****249	Description
2404-1 Rolling View Blvd.	Monthly
$48	Annually
$576	
	****259	3236-1 Bradley Creek Dr.	$37	$444	
	****275	3314-1 Bradley Creek Dr.	$35	$420	
	****283	2448 Rolling View Blvd.	$87	$1,044	
Clay County Utility Authority	
****68	
3212-1 Bradley Creek Reclaim	
$137	
$1,644	
	****69	3212-2 Bradley Creek Reclaim	$375	$4,500	
	****84	3215-2 Bradley Creek Reclaim	$175	$2,100	
	****42	3212-3 Bradley Creek Irrigation	$1,350	$16,200	
Contingency				$8,072	
			Total	$35,000	
Repairs & Maintenance
Represents repairs and maintenance as needed.

Landscape
This represents landscape maintenance of all the District property, to include mowing, weeding, trimming, pruning etc. The District is contracted with Tree Amigos.
Landscape - Contingency
Represents a contingency for mulch installation, sod repairs/replacement, plant replacements and new common areas to maintain.

Mulch
Represents cost to install mulch throughout the district.

Lake Maintenance
The District has contracted with The Lake Doctors for more aquatic plant management of the community’s lakes. Services provide labor, equipment, herbicides, and technology to control invasive plants and algae.
Irrigation Repairs
Represents irrigation repairs as needed

Expenditures – Amenity Center Operations

Facility Management
The District has contracted with Riverside Management Services to staff the amenity center and manage the day to day operations in accordance with their contract.
Facility Asst/Gate Monitor
The District has contracted with Riverside Management Services for Weekend and Holiday facility management, and/or to provide staffing at pools for checking in residents and their guests for facility usage.
Pool Attendants
The District has contracted with Riverside Management Services to provide pool attendants for the District’s water slide, safety and enforcement of pool rules adopted by the District.
Refuse Service
The District has contracted with GFL Environmental for the refuse container removal. The contract is for one 2 yard front load dumpster to be emptied once a week.
Security
The District has contracted with the Clay County Sheriff’s Office to provide part time security covering the community.
Utilities - Electric, Water, Cable, Internet & Telephone

	Account No.	Description		Monthly	Annually	
Clay Electric Cooperative	******951	3212 Bradley Creek Dr.		$3,560	$42,720	
Clay County Utility Authority	******347	3212-4 Bradley Creek Dr.		$350	$4,200	
Comcast	***********1030	Cable/Internet/Telephone		$300	$3,600	
Contingency					$4,480	
			Total		$55,000	

Repairs & Maintenance
The District will incur various cost associated with the overall maintenance of the District’s amenity center to include:
•A/C unit quarterly maintenance by Mechanical Solutions
•Light repairs and new bulbs/ballasts
•Annual installation
•Quarterly pressure wash all facility areas
•Pumps and motor maintenance and repairs
•Painting
Janitorial
The District has contracted with Riverside Management Services for the monthly cleaning of the clubhouse.
Pool Maintenance
The District has contracted with Riverside Management Services for the weekly cleaning and maintenance of the pools.
Special Events
The District will host certain special events throughout the year for the residents of the community.
Operating Supplies
Any supplies and chemicals needed for the daily upkeep and operation of the Amenity Center.
Pool Chemicals
The District purchases all necessary chemicals from Poolsure for the swimming pool.
Permit
Represents cost for the various permits required for the operation of the amenity center.
Insurance
The District’s Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Special Projects:

Pickle Ball Court
A project to restripe an existing tennis court to create a pickle ball court, estimate is $10,000 per court, with plans to convert 6 courts.
Half Court Basket Ball Courts
A project to convert and existing tennis court to two half court basketball courts.
Tennis Court LED Lights
A project to add LED lights to tennis courts.
Tennis Court Wind Screens
A project to add wind screens to tennis courts.

Dog Park
A project to add a community dog park.

Garden Golf Area
An area beautification of the Amenity Center referred to as Garden Golf Area.
Additional Security Cameras 4 new cameras and repeaters Flock Cameras
New cameras
Amenity Building Paint
A project to paint the exterior of the Amenity building.

Expenditures – Other Sources/(Uses)

Transfer Out-Capital Reserve
Funds are transferred to the Capital Reserve to fund restoration and refurbishment projects as approved by the Board of Supervisors.

Proposed Budget
Debt Service Series 2015-A1 Capital Improvement Revenue Refunding Bonds

Adopted Budget
FY2024

Actuals Thru	Projected Next	Projected Thru
4/30/24

Description

	5 Months	

9/30/24

Proposed Budget
FY 2025

REVENUES:

Special Assessments-On Roll	$174,001	$160,809	$13,192	$174,001	$172,801	
Interest Earnings	-	5,646	-	5,646	-	
Carry Forward Surplus (1)	56,485	56,256	-	56,256	60,080	
TOTAL REVENUES	$230,486	$222,711	$13,192	$235,902	$232,881	

EXPENDITURES:						
Interest - 11/01	$45,411	$45,411	$-	$45,411	$43,233	
Interest - 05/01	85,000	-	85,000	85,000	90,000	
Principal - 05/01	45,411	-	45,411	45,411	43,233	
TOTAL EXPENDITURES	$175,823	$45,411	$130,411	$175,823	$176,466	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$175,823	$45,411	$130,411	$175,823	$176,466	
						
EXCESS REVENUES (EXPENDITURES)	$54,664	$177,300	$(117,220)	$60,080	$56,414	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

$40,926.88

$40,926.88

AMORTIZATION SCHEDULE
Debt Service Series 2015-A1 Capital Improvement Revenue Refunding Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	11/01/22	$1,740,000	5.125%		$47,461	47,461.25	
	05/01/23	1,740,000	5.125%	80,000	47,461		
	11/01/23	1,660,000	5.125%		45,411	172,872.50	
	05/01/24	1,660,000	5.125%	85,000	45,411		
	11/01/24	1,575,000	5.125%		43,233	173,644.38	
	05/01/25	1,575,000	5.125%	90,000	43,233		
	11/01/25	1,485,000	5.125%		40,927	174,160.00	
	05/01/26	1,485,000	5.125%	95,000	40,927		
	11/01/26	1,390,000	5.125%		38,493	174,419.38	
	05/01/27	1,390,000	5.450%	100,000	38,493		
	11/01/27	1,290,000	5.450%		35,768	174,260.00	
	05/01/28	1,290,000	5.450%	110,000	35,768		
	11/01/28	1,180,000	5.450%		32,770	178,537.50	
	05/01/29	1,180,000	5.450%	115,000	32,770		
	11/01/29	1,065,000	5.450%		29,636	177,406.25	
	05/01/30	1,065,000	5.450%	120,000	29,636		
	11/01/30	945,000	5.450%		26,366	176,002.50	
	05/01/31	945,000	5.450%	125,000	26,366		
	11/01/31	820,000	5.450%		22,960	174,326.25	
	05/01/32	820,000	5.600%	120,000	22,960		
	11/01/32	700,000	5.600%		19,600	162,560.00	
	05/01/33	700,000	5.600%	125,000	19,600		
	11/01/33	575,000	5.600%		16,100	160,700.00	
	05/01/34	575,000	5.600%	130,000	16,100		
	11/01/34	445,000	5.600%		12,460	158,560.00	
	05/01/35	445,000	5.600%	140,000	12,460		
	11/01/35	305,000	5.600%		8,540	161,000.00	
	05/01/36	305,000	5.600%	150,000	8,540		
	11/01/36	155,000	5.600%		4,340	162,880.00	
	05/01/37	155,000	5.600%	155,000	4,340	159,340.00	
Total				$1,740,000	$848,130	$2,588,130	

Proposed Budget
Debt Service Series 2015-A2 Capital Improvement Revenue Refunding Bonds

Adopted Budget
FY2024

Actuals Thru	Projected Next	Projected Thru
4/30/24

Description

	5 Months	

9/30/24

Proposed Budget
FY 2025

REVENUES:

Special Assessments-On Roll	$136,800	$127,307	$9,493	$136,800	$136,800	
Interest Earnings	-	5,543	580	6,123	-	
Carry Forward Surplus (1)	48,313	49,059	-	49,059	60,095	
TOTAL REVENUES	$185,113	$181,909	$10,073	$191,982	$196,895	

EXPENDITURES:						
Interest - 11/01	$35,944	$35,944	$-	$35,944	$34,406	
Interest - 05/01	35,944	-	35,944	35,944	34,406	
Principal - 05/01	60,000	-	60,000	60,000	65,000	
TOTAL EXPENDITURES	$131,888	$35,944	$95,944	$131,888	$133,813	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$131,888	$35,944	$95,944	$131,888	$133,813	
						
EXCESS REVENUES (EXPENDITURES)	$53,226	$145,965	$(85,870)	$60,095	$63,082	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

$32,740.63

$32,740.63

AMORTIZATION SCHEDULE
Debt Service Series 2015-A2 Capital Improvement Revenue Refunding Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	11/01/23	$1,320,000	5.125%		$35,944	35,943.75	
	05/01/24	1,320,000	5.125%	60,000	35,944		
	11/01/24	1,260,000	5.125%		34,406	130,350.00	
	05/01/25	1,260,000	5.125%	65,000	34,406		
	11/01/25	1,195,000	5.125%		32,741	132,146.88	
	05/01/26	1,195,000	5.125%	65,000	32,741		
	11/01/26	1,130,000	5.500%		31,075	128,815.63	
	05/01/27	1,130,000	5.500%	80,000	31,075		
	11/01/27	1,050,000	5.500%		28,875	139,950.00	
	05/01/28	1,050,000	5.500%	80,000	28,875		
	11/01/28	970,000	5.500%		26,675	135,550.00	
	05/01/29	970,000	5.500%	85,000	26,675		
	11/01/29	885,000	5.500%		24,338	136,012.50	
	05/01/30	885,000	5.500%	90,000	24,338		
	11/01/30	795,000	5.500%		21,863	136,200.00	
	05/01/31	795,000	5.500%	95,000	21,863		
	11/01/31	700,000	5.500%		19,250	136,112.50	
	05/01/32	700,000	5.500%	100,000	19,250		
	11/01/32	600,000	5.500%		16,500	135,750.00	
	05/01/33	600,000	5.500%	105,000	16,500		
	11/01/33	495,000	5.500%		13,613	135,112.50	
	05/01/34	495,000	5.500%	115,000	13,613		
	11/01/34	380,000	5.500%		10,450	139,062.50	
	05/01/35	380,000	5.500%	120,000	10,450		
	11/01/35	260,000	5.500%		7,150	137,600.00	
	05/01/36	260,000	5.500%	130,000	7,150		
	11/01/36	130,000	5.500%		3,575	140,725.00	
	05/01/37	130,000	5.500%	130,000	3,575	133,575.00	
Total				$1,320,000	$612,906	$1,932,906	

Proposed Budget
Debt Service Series 2015-A3 Capital Improvement Revenue Refunding Bonds

Adopted Budget
FY2024

Actuals Thru	Projected Next	Projected Thru
4/30/24

Description

	5 Months	

9/30/24

Proposed Budget
FY 2025

REVENUES:

Special Assessments-On Roll	$41,481	$37,874	$3,607	$41,481	$40,698	
Interest Earnings	-	863	150	1,013	-	
Carry Forward Surplus (1)	14,590	14,616	-	14,616	17,655	
TOTAL REVENUES	$56,071	$53,353	$3,757	$57,110	$58,354	

EXPENDITURES:						
Interest - 11/01	$12,228	$12,228	$-	$12,228	$11,725	
Interest - 05/01	12,228	-	12,228	12,228	11,725	
Principal - 05/01	15,000	-	15,000	15,000	15,000	
TOTAL EXPENDITURES	$39,455	$12,228	$27,228	$39,455	$38,450	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$39,455	$12,228	$27,228	$39,455	$38,450	
						
EXCESS REVENUES (EXPENDITURES)	$16,616	$41,126	$(23,470)	$17,655	$19,904	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

$11,222.50

$11,222.50

AMORTIZATION SCHEDULE
Debt Service Series 2015-A3 Capital Improvement Revenue Refunding Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	11/01/22	$380,000	6.700%		$12,730	12,730.00	
	05/01/23	380,000	6.700%	15,000	12,730		
	11/01/23	365,000	6.700%		12,228	39,957.50	
	05/01/24	365,000	6.700%	15,000	12,228		
	11/01/24	350,000	6.700%		11,725	38,952.50	
	05/01/25	350,000	6.700%	15,000	11,725		
	11/01/25	335,000	6.700%		11,223	37,947.50	
	05/01/26	335,000	6.700%	20,000	11,223		
	11/01/26	315,000	6.700%		10,553	41,775.00	
	05/01/27	315,000	6.700%	20,000	10,553		
	11/01/27	295,000	6.700%		9,883	40,435.00	
	05/01/28	295,000	6.700%	20,000	9,883		
	11/01/28	275,000	6.700%		9,213	39,095.00	
	05/01/29	275,000	6.700%	25,000	9,213		
	11/01/29	250,000	6.700%		8,375	42,587.50	
	05/01/30	250,000	6.700%	25,000	8,375		
	11/01/30	225,000	6.700%		7,538	40,912.50	
	05/01/31	225,000	6.700%	25,000	7,538		
	11/01/31	200,000	6.700%		6,700	39,237.50	
	05/01/32	200,000	6.700%	30,000	6,700		
	11/01/32	170,000	6.700%		5,695	42,395.00	
	05/01/33	170,000	6.700%	30,000	5,695		
	11/01/33	140,000	6.700%		4,690	40,385.00	
	05/01/34	140,000	6.700%	30,000	4,690		
	11/01/34	110,000	6.700%		3,685	38,375.00	
	05/01/35	110,000	6.700%	35,000	3,685		
	11/01/35	75,000	6.700%		2,513	41,197.50	
	05/01/36	75,000	6.700%	35,000	2,513		
	11/01/36	40,000	6.700%		1,340	38,852.50	
	05/01/37	40,000	6.700%	40,000	1,340	41,340.00	
Total				$380,000	$236,175	$616,175	

Rolling Hills
Community Development District
Proposed Budget
Debt Service Series 2020-A1/A2 Capital Improvement Revenue and Refunding Bonds

Adopted Budget
FY2024

Actuals Thru	Projected Next	Projected Thru
4/30/24

Description

	5 Months	

9/30/24

Proposed Budget
FY 2025

REVENUES:

Special Assessments A-1-On Roll	$165,981	$52,228	$3,895	$56,123	$163,338	
Special Assessments A 1-Direct		60,168	-	$60,168		
Special Assessments A 2-Direct	$67,213	56,917	10,296	67,213	28,738	
Interest Earnings	-	15,044	-	15,044	-	
Prepayments		650,247	-	650,247		
Carry Forward Surplus (1)	68,544	233,836	-	233,836	70,975	
TOTAL REVENUES	$301,738	$1,068,440	$14,191	$1,082,631	$263,050	

EXPENDITURES:						
Series 2020 A1						
Interest - 11/01	$57,513	$57,513	$-	$57,513	$56,669	
Interest - 05/01	57,513	-	57,513	57,513	56,669	
Principal - 05/01	50,000	-	50,000	50,000	50,000	

Series 2020 A2						
Interest - 11/01	33,013	33,013	-	33,013	14,369	
Special Call - 11/1	-	180,000	-	180,000	-	
Interest - 02/1	-	119	-	119	-	
Special Call - 02/1	-	10,000	-	10,000	-	
Interest - 05/01	33,013	-	28,500	28,500	14,369	
Special Call - 05/1	-	-	595,000	595,000		
TOTAL EXPENDITURES	$231,050	$280,644	$731,013	$1,011,657	$192,075	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$231,050	$280,644	$731,013	$1,011,657	$192,075	
						
EXCESS REVENUES (EXPENDITURES)	$70,688	$787,796	$(716,821)	$70,975	$70,975	

(1) Carry Forward is Net of Reserve Requirement	
Interest Due 11/1/25	
$55,825.00	
	Interest Due 11/1/25	$14,368.75	
		$70,193.75	

Rolling Hills
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2020-A1 Capital Improvement Revenue Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	05/01/21	$2,585,000	3.375%	$40,000	$63,445	-	
	11/01/21	2,545,000	3.375%	-	59,116	162,560.13	
	05/01/22	2,545,000	3.375%	45,000	59,116		
	11/01/22	2,500,000	3.375%	-	58,356	162,471.88	
	05/01/23	2,500,000	3.375%	50,000	58,356		
	11/01/23	2,450,000	3.375%	-	57,513	165,868.75	
	05/01/24	2,450,000	3.375%	50,000	57,513		
	11/01/24	2,400,000	3.375%	-	56,669	164,181.25	
	05/01/25	2,400,000	3.375%	50,000	56,669		
	11/01/25	2,350,000	3.875%	-	55,825	162,493.75	
	05/01/26	2,350,000	3.875%	55,000	55,825		
	11/01/26	2,295,000	3.875%	-	54,759	165,584.38	
	05/01/27	2,295,000	3.875%	55,000	54,759		
	11/01/27	2,240,000	3.875%	-	53,694	163,453.13	
	05/01/28	2,240,000	3.875%	55,000	53,694		
	11/01/28	2,185,000	3.875%	-	52,628	161,321.88	
	05/01/29	2,185,000	3.875%	60,000	52,628		
	11/01/29	2,125,000	3.875%	-	51,466	164,093.75	
	05/01/30	2,125,000	3.875%	60,000	51,466		
	11/01/30	2,065,000	4.625%	-	50,303	161,768.75	
	05/01/31	2,065,000	4.625%	65,000	50,303		
	11/01/31	2,000,000	4.625%	-	48,800	164,103.13	
	05/01/32	2,000,000	4.625%	70,000	48,800		
	11/01/32	1,930,000	4.625%	-	47,181	165,981.25	
	05/01/33	1,930,000	4.625%	70,000	47,181		
	11/01/33	1,860,000	4.625%	-	45,563	162,743.75	
	05/01/34	1,860,000	4.625%	75,000	45,563		
	11/01/34	1,785,000	4.625%	-	43,828	164,390.63	
	05/01/35	1,785,000	4.625%	75,000	43,828		
	11/01/35	1,710,000	4.625%	-	42,094	160,921.88	
	05/01/36	1,710,000	4.625%	80,000	42,094		
	11/01/36	1,630,000	4.625%	-	40,244	162,337.50	
	05/01/37	1,630,000	4.625%	85,000	40,244		
	11/01/37	1,545,000	4.625%	-	38,278	163,521.88	
	05/01/38	1,545,000	4.625%	90,000	38,278		
	11/01/38	1,455,000	4.625%	-	36,197	164,475.00	
	05/01/39	1,455,000	4.625%	95,000	36,197		
	11/01/39	1,360,000	4.625%	-	34,000	165,196.88	
	05/01/40	1,360,000	4.625%	100,000	34,000		
	11/01/40	1,260,000	4.875%	-	31,688	165,687.50	
	05/01/41	1,260,000	4.875%	105,000	31,688		
	11/01/41	1,155,000	4.875%	-	29,128	165,815.63	
	05/01/42	1,155,000	4.875%	110,000	29,128		
	11/01/42	1,045,000	4.875%	-	26,447	165,575.00	
	05/01/43	1,045,000	4.875%	115,000	26,447		
	11/01/43	930,000	4.875%	-	23,644	165,090.63	
	05/01/44	930,000	4.875%	120,000	23,644		
	11/01/44	810,000	4.875%	-	20,719	164,362.50	
	05/01/45	810,000	4.875%	125,000	20,719		
	11/01/45	685,000	4.875%	-	17,672	163,390.63	
	05/01/46	685,000	4.875%	130,000	17,672		
	11/01/46	555,000	4.875%	-	14,503	162,175.00	
	05/01/47	555,000	4.875%	140,000	14,503		
	11/01/47	415,000	4.875%	-	11,091	165,593.75	
	05/01/48	415,000	4.875%	145,000	11,091		
	11/01/48	270,000	4.875%	-	7,556	163,646.88	
	05/01/49	270,000	4.875%	150,000	7,556		
	11/01/49	120,000	4.875%	-	3,900	161,456.25	
	05/01/50	120,000	4.875%	160,000	3,900	163,900.00	
Total				$2,625,000	$2,289,163	$4,914,163	

AMORTIZATION SCHEDULE
Debt Service Series 2020-A2 Capital Improvement Revenue and Refunding Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	05/01/21	$1,840,000	4.750%	$-	$46,371	-	
	11/01/21	1,840,000	4.750%	-	43,700	90,070.56	
	05/01/22	1,840,000	4.750%	425,000	43,700		
	08/01/22	1,415,000	4.750%	25,000	297	493,996.88	
	11/01/22	1,390,000	4.750%	-	33,013		
	05/01/23	1,390,000	4.750%	-	33,013	66,025.00	
	11/01/23	1,390,000	4.750%	180,000	33,013		
	02/01/24	1,210,000	4.750%	10,000	119		
	05/01/24	1,200,000	4.750%	595,000	28,500	846,631.50	
	11/01/24	605,000	4.750%	-	14,369		
	05/01/25	605,000	4.750%	-	14,369	28,737.50	
	11/01/25	605,000	4.750%	-	14,369		
	05/01/26	605,000	4.750%	-	14,369	28,737.50	
	11/01/26	605,000	4.750%	-	14,369		
	05/01/27	605,000	4.750%	-	14,369	28,737.50	
	11/01/27	605,000	4.750%	-	14,369		
	05/01/28	605,000	4.750%	-	14,369	28,737.50	
	11/01/28	605,000	4.750%	-	14,369		
	05/01/29	605,000	4.750%	-	14,369	28,737.50	
	11/01/29	605,000	4.750%	-	14,369		
	05/01/30	605,000	4.750%	605,000	14,369	633,737.50	
Total				$1,840,000	$434,149	$2,274,149	

Proposed Budget
Debt Service Series 2022 A1/A2 Capital Improvement Revenue and Refunding Bonds

Adopted Budget
FY2024

Actuals Thru	Projected Next	Projected Thru
4/30/24

Description

	5 Months	

9/30/24

Proposed Budget
FY 2025

REVENUES:

Special Assessments A-1-On Roll	$345,544	$323,954	$21,590	$345,544	$348,112	
Special Assessments - Direct	173,010	69,313	$103,697	173,010	173,010	
Interest Earnings	-	21,622	-	21,622	-	
Prepayments	-	184,898	-	184,898	-	
Carry Forward Surplus (1)	211,927	209,981	-	209,981	230,095	
TOTAL REVENUES	$730,481	$809,768	$125,287	$935,055	$751,217	

EXPENDITURES:						
Series 2022 A1						
Interest - 11/01	$113,475	$113,475	$-	$113,475	$111,600	
Interest - 05/01	113,475	-	113,475	113,475	111,600	
Principal - 05/01	120,000	-	120,000	120,000	125,000	

Series 2022 A2						
Interest - 11/01	86,505	86,505	-	86,505	83,129	
Interest - 05/01	86,505	-	86,505	86,505	83,129	
Special Call - 05/1	-	-	185,000	185,000	-	
TOTAL EXPENDITURES	$519,960	$199,980	$504,980	$704,960	$514,458	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$519,960	$199,980	$504,980	$704,960	$514,458	
						
EXCESS REVENUES (EXPENDITURES)	$210,521	$609,788	$(379,693)	$230,095	$236,760	

(1) Carry Forward is Net of Reserve Requirement	
Interest Due 11/1/25	
$109,646.88	
	Interest Due 11/1/25	$83,128.75	
		$192,775.63	

Rolling Hills
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2022-A1 Capital Improvement Revenue and Refunding Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	05/01/22	$6,130,000	3.125%	$-	$51,232	-	
	11/01/22	6,130,000	3.125%	-	115,272	166,503.82	
	05/01/23	6,130,000	3.125%	115,000	115,272		
	11/01/23	6,015,000	3.125%	-	113,475	343,746.88	
	05/01/24	6,015,000	3.125%	120,000	113,475		
	11/01/24	5,895,000	3.125%	-	111,600	345,075.00	
	05/01/25	5,895,000	3.125%	125,000	111,600		
	11/01/25	5,770,000	3.125%	-	109,647	346,246.88	
	05/01/26	5,770,000	3.125%	130,000	109,647		
	11/01/26	5,640,000	3.125%	-	107,616	347,262.50	
	05/01/27	5,640,000	3.125%	135,000	107,616		
	11/01/27	5,505,000	3.400%	-	105,506	348,121.88	
	05/01/28	5,505,000	3.400%	135,000	105,506		
	11/01/28	5,370,000	3.400%	-	103,211	343,717.50	
	05/01/29	5,370,000	3.400%	140,000	103,211		
	11/01/29	5,230,000	3.400%	-	100,831	344,042.50	
	05/01/30	5,230,000	3.400%	145,000	100,831		
	11/01/30	5,085,000	3.400%	-	98,366	344,197.50	
	05/01/31	5,085,000	3.400%	150,000	98,366		
	11/01/31	4,935,000	3.400%	-	95,816	344,182.50	
	05/01/32	4,935,000	3.400%	155,000	95,816		
	11/01/32	4,780,000	3.750%	-	93,181	343,997.50	
	05/01/33	4,780,000	3.750%	160,000	93,181		
	11/01/33	4,620,000	3.750%	-	90,181	343,362.50	
	05/01/34	4,620,000	3.750%	170,000	90,181		
	11/01/34	4,450,000	3.750%	-	86,994	347,175.00	
	05/01/35	4,450,000	3.750%	175,000	86,994		
	11/01/35	4,275,000	3.750%	-	83,713	345,706.25	
	05/01/36	4,275,000	3.750%	180,000	83,713		
	11/01/36	4,095,000	3.750%	-	80,338	344,050.00	
	05/01/37	4,095,000	3.750%	190,000	80,338		
	11/01/37	3,905,000	3.750%	-	76,775	347,112.50	
	05/01/38	3,905,000	3.750%	195,000	76,775		
	11/01/38	3,710,000	3.750%	-	73,119	344,893.75	
	05/01/39	3,710,000	3.750%	205,000	73,119		
	11/01/39	3,505,000	3.750%	-	69,275	347,393.75	
	05/01/40	3,505,000	3.750%	210,000	69,275		
	11/01/40	3,295,000	3.750%	-	65,338	344,612.50	
	05/01/41	3,295,000	3.750%	220,000	65,338		
	11/01/41	3,075,000	3.750%	-	61,213	346,550.00	
	05/01/42	3,075,000	3.750%	230,000	61,213		
	11/01/42	2,845,000	4.000%	-	56,900	348,112.50	
	05/01/43	2,845,000	4.000%	235,000	56,900		
	11/01/43	2,610,000	4.000%	-	52,200	344,100.00	
	05/01/44	2,610,000	4.000%	245,000	52,200		
	11/01/44	2,365,000	4.000%	-	47,300	344,500.00	
	05/01/45	2,365,000	4.000%	255,000	47,300		
	11/01/45	2,110,000	4.000%	-	42,200	344,500.00	
	05/01/46	2,110,000	4.000%	265,000	42,200		
	11/01/46	1,845,000	4.000%	-	36,900	344,100.00	
	05/01/47	1,845,000	4.000%	275,000	36,900		
	11/01/47	1,570,000	4.000%	-	31,400	343,300.00	
	05/01/48	1,570,000	4.000%	290,000	31,400		
	11/01/48	1,280,000	4.000%	-	25,600	347,000.00	
	05/01/49	1,280,000	4.000%	300,000	25,600		
	11/01/49	980,000	4.000%	-	19,600	345,200.00	
	05/01/50	980,000	4.000%	315,000	19,600		
	11/01/50	665,000	4.000%	-	13,300	347,900.00	
	05/01/51	665,000	4.000%	325,000	13,300		
	11/01/51	340,000	4.000%	-	6,800	345,100.00	
	05/01/52	340,000	4.000%	340,000	6,800	346,800.00	
Total				$6,130,000	$4,398,563	$10,528,563	

Rolling Hills
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2022-A2 Capital Improvement Revenue and Refunding Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	05/01/22	$4,740,000	3.650%	$-	$38,447	-	
	11/01/22	4,740,000	3.650%	-	86,505	124,951.66	
	05/01/23	4,740,000	3.650%	-	86,505		
	11/01/23	4,740,000	3.650%	-	86,505	173,010.00	
	05/01/24	4,740,000	3.650%	185,000	86,505		
	11/01/24	4,555,000	3.650%	-	83,129	354,633.75	
	05/01/25	4,555,000	3.650%	-	83,129		
	11/01/25	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/26	4,555,000	3.650%	-	83,129		
	11/01/26	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/27	4,555,000	3.650%	-	83,129		
	11/01/27	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/28	4,555,000	3.650%	-	83,129		
	11/01/28	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/29	4,555,000	3.650%	-	83,129		
	11/01/29	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/30	4,555,000	3.650%	-	83,129		
	11/01/30	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/31	4,555,000	3.650%	-	83,129		
	11/01/31	4,555,000	3.650%	-	83,129	166,257.50	
	05/01/32	4,555,000	3.650%	4,555,000	83,129	4,638,128.75	
Total				$4,740,000	$1,714,527	$6,454,527	

	Option 1		
O&M	Bonds	Bonds	Bonds
Neighborhood	Units	2015	2020	2022	Annual Maintenance Assessments
Units	Units	Units	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
	O&M	O&M	O&M	Series 2015	Series 2020	Series 2022	Series 2015	Series 2020	Series 2022					

Single Family A1	
196	
196	
0	
0	
$1,316.15	
$1,269.90	
$46.25	
$937.91	
$0.00	
$0.00	
$937.91	
$0.00	
$0.00	
$0.00	
$2,254.06	
$2,207.81	
$46.25	
Single Family A2	126	126	0	0	$1,316.15	$1,269.90	$46.25	$1,155.02	$0.00	$0.00	$1,155.02	$0.00	$0.00	$0.00	$2,471.17	$2,424.92	$46.25	
Single Family Seasons A3	53	53	0	0	$1,316.15	$1,269.90	$46.25	$816.91	$0.00	$0.00	$816.91	$0.00	$0.00	$0.00	$2,133.06	$2,086.81	$46.25	
Single Family 50's	139	0	139	0	$1,316.15	$1,269.90	$46.25	$0.00	$1,270.33	$0.00	$0.00	$1,270.33	$0.00	$0.00	$2,586.48	$2,540.23	$46.25	
Single Family 50's	247	0	0	247	$1,316.15	$1,269.90	$46.25	$0.00	$0.00	$1,499.32	$0.00	$0.00	$1,499.32	$0.00	$2,815.47	$2,769.22	$46.25	
Total	761	375	139	247												

	Option 2		
O&M	Bonds	Bonds  Bonds
Neighborhood	Units	2015	2020	2022	Annual Maintenance Assessments
Units	Units	Units	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
	O&M	O&M	O&M	Series 2015	Series 2020	Series 2022	Series 2015	Series 2020	Series 2022					

Single Family A1	
196	
196	
0	
0	
$1,721.70	
$1,269.90	
$451.80	
$937.91	
$0.00	
$0.00	
$937.91	
$0.00	
$0.00	
$0.00	
$2,659.61	
$2,207.81	
$451.80	
Single Family A2	126	126	0	0	$1,721.70	$1,269.90	$451.80	$1,155.02	$0.00	$0.00	$1,155.02	$0.00	$0.00	$0.00	$2,876.72	$2,424.92	$451.80	
Single Family Seasons A3	53	53	0	0	$1,721.70	$1,269.90	$451.80	$816.91	$0.00	$0.00	$816.91	$0.00	$0.00	$0.00	$2,538.61	$2,086.81	$451.80	
Single Family 50's	139	0	139	0	$1,721.70	$1,269.90	$451.80	$0.00	$1,270.33	$0.00	$0.00	$1,270.33	$0.00	$0.00	$2,992.03	$2,540.23	$451.80	
Single Family 50's	247	0	0	247	$1,721.70	$1,269.90	$451.80	$0.00	$0.00	$1,499.32	$0.00	$0.00	$1,499.32	$0.00	$3,221.02	$2,769.22	$451.80	
Total	761	375	139	247												

	Option 3		
O&M	Bonds	Bonds  Bonds
Neighborhood	Units	2015	2020	2022	Annual Maintenance Assessments
Units	Units	Units	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
	O&M	O&M	O&M	Series 2015	Series 2020	Series 2022	Series 2015	Series 2020	Series 2022					

Single Family A1	
196	
196	
0	
0	
$1,554.41	
$1,269.90	
$284.51	
$937.91	
$0.00	
$0.00	
$937.91	
$0.00	
$0.00	
$0.00	
$2,492.32	
$2,207.81	
$284.51	
Single Family A2	126	126	0	0	$1,554.41	$1,269.90	$284.51	$1,155.02	$0.00	$0.00	$1,155.02	$0.00	$0.00	$0.00	$2,709.43	$2,424.92	$284.51	
Single Family Seasons A3	53	53	0	0	$1,554.41	$1,269.90	$284.51	$816.91	$0.00	$0.00	$816.91	$0.00	$0.00	$0.00	$2,371.32	$2,086.81	$284.51	
Single Family 50's	139	0	139	0	$1,554.41	$1,269.90	$284.51	$0.00	$1,270.33	$0.00	$0.00	$1,270.33	$0.00	$0.00	$2,824.74	$2,540.23	$284.51	
Single Family 50's	247	0	0	247	$1,554.41	$1,269.90	$284.51	$0.00	$0.00	$1,499.32	$0.00	$0.00	$1,499.32	$0.00	$3,053.73	$2,769.22	$284.51	
Total	761	375	139	247												

	Option 4		
O&M	Bonds	Bonds  Bonds
Neighborhood	Units	2015	2020	2022	Annual Maintenance Assessments
Units	Units	Units	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
	O&M	O&M	O&M	Series 2015	Series 2020	Series 2022	Series 2015	Series 2020	Series 2022					

Single Family A1	
196	
196	
0	
0	
$2,053.01	
$1,269.90	
$783.11	
$937.91	
$0.00	
$0.00	
$937.91	
$0.00	
$0.00	
$0.00	
$2,990.92	
$2,207.81	
$783.11	
Single Family A2	126	126	0	0	$2,053.01	$1,269.90	$783.11	$1,155.02	$0.00	$0.00	$1,155.02	$0.00	$0.00	$0.00	$3,208.03	$2,424.92	$783.11	
Single Family Seasons A3	53	53	0	0	$2,053.01	$1,269.90	$783.11	$816.91	$0.00	$0.00	$816.91	$0.00	$0.00	$0.00	$2,869.92	$2,086.81	$783.11	
Single Family 50's	139	0	139	0	$2,053.01	$1,269.90	$783.11	$0.00	$1,270.33	$0.00	$0.00	$1,270.33	$0.00	$0.00	$3,323.34	$2,540.23	$783.11	
Single Family 50's	247	0	0	247	$2,053.01	$1,269.90	$783.11	$0.00	$0.00	$1,499.32	$0.00	$0.00	$1,499.32	$0.00	$3,552.33	$2,769.22	$783.11	
Total	761	375	139	247												

TENTH ORDER OF BUSINESS

The Clay High School Swim Team will begin conditioning swim practice for a total of 5 weeks during the summer of 2024 before school resumes in August. These practice dates and times are as follows:
June 25th through June 27th (1 week), again July 9th through – July 25th (3 weeks), and finally August 6th & 7th from 7:45am to 10:00am - Tuesday, Wednesday & Thursday.
We will have two practices (7:45 to 9:00am & 8:45 to 10:00am). Each swimmer will be notified as to which time their practice will take place the first week.
There will be no practice on Thursday August 8th because of the teacher in-service day.
The Clay High Varsity Swim Team will begin the regular practice and season schedule as follows: August 19th through November 1st, 2:15pm to 4:30pm – Monday through Friday
At this time, all swimmers will swim at the same time unless the pool becomes too crowded and we need to make two separate practices. The coaches will let the swimmers know if this becomes necessary and who will come at what practice time.

All Clay High meets will take place at Rolling Hills this season and these are as follows:

Thursday, September 5th	CHS vs. Palatka & St. Johns Classical	4:30pm – 7:00pm	
Thursday, September 12th	CHS vs. Orange Park High	4:30pm – 7:00pm	
Tuesday, September 17th	CHS vs. Middleburg High	4:30pm – 7:00pm	
Thursday, September 26th	CHS vs. Ridgeview & Oakleaf High	4:30pm – 7:00pm	
Tuesday, October 1st	CHS vs. Episcopal High	4:30pm – 7:00pm	
Thursday, October 10th	CHS vs. Bishop Kenny	4:30pm – 7:00pm	

The CHS Swim Team is pleased to call Rolling Hills our home again for this 2024 Swim Season. Please contact either of the coaches by a phone call or text message if you should have any questions.

Thank you,
Carol MacDougall, Clay High Head Girls Swim Coach, Cell phone number (904) 631-0505 Chadwick Rix, Clay High Head Boys Swim Coach, Cell phone number (502) 595-7266

ELEVENTH ORDER OF BUSINESS

Prepared by:
Greenberg Traurig, P.A. Jason E. Merritt
101 East College Avenue Tallahassee, Florida 32301

Return to:

St. Johns River Water Management District 4049 Reid Street
Palatka, Florida 32177

Joinder, Consent, and Subordination of Rolling Hills Community Development District
For Ten Dollars ($10.00) and other good and valuable consideration, the adequacy and receipt of

which are hereby acknowledged, Rolling Hills Community Development District, a local unit of special purpose government established pursuant to Chapter 190, Florida Statutes (the "District"), which has imposed certain special assessments upon certain lands located within the boundaries of the District (collectively, the "Special Assessments") as evidenced by that certain Rolling Hills Community Development District's Notice of 2006 Special Assessments recorded in Official Records Book 2830, Page 110 and by that certain Amended and Restated Notice of Special Assessments and Lien of Record of the Rolling Hills Community Development District recorded in Official Records Book 3815, Page 1420, all of the Public Records of Clay County, Florida, which Special Assessments encumber the real property described on Exhibit "A" attached hereto ("Conservation Easement Area"), hereby joins in, consents to and subordinates the lien of its Special Assessments as the same may pertain to the Conservation Easement Area to that

\

certain Conservation Easement granted by CBCP Rolling Hills Landco LLC to the St. Johns River Water Management District, dated  f'-->... c..-,  \ :f , 2024 and recorded in Official Records Book
  , Page    of the Public Records of Clay County, Florida (the "Conservation Easement") as said

Conservation Easement may be modified, amended, and assigned from time to time, with the intent that the Special Assessments shall be subject and subordinate to the Conservation Easement as to the Conservation Easement Area.

4,

IN WITNESS WHEREOF, this Mortgagee/Lender Joinder, Consenti and Subordination is made this_

ay of	2024.
ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT,
a local unit of special purpose government established pursuan!JO..Cl:lapte_(190, Florida Statutes

Name: S h""	)AJ.l< l (l--e_r 	T ,..,.­
Title:	(4 \	 -r v,,t, Ck..--':'.'.l
(Print)

WITNESSES:

By:			
(Signature)
Name: 6\t f\AeD	QC£t
(Print)

a 

Address:> 2.,j,Z	\5.RP)\)L5?i		(){._,t,J)
a,c._>'	'J-Z0':12

By: :I:?..;£?	
(Signatur
Name: .ThV\ d	 b	 I; ri
(P • t)
Address: '175 W  7o...,n	Pl	Sk Ill/
9,AuJYS ,·nc., E'.L	32,0'lZ...

STATE OF FLORIDA

COUNTY OF _C	,,_\_ -1+-------	

The foregoing instrument was acknowledged before me by means of E--fphysical presence or [ ] online notarization this	day of t', C;>---t	, 2024, by	30\	t-'\, \\.er
(print name), as	C."-.,r ""- "	1	(title) of Rolling Hills Community Development District, a local	of special purposes government established pursuant to Chapter 190, Florida Statutes, on its behalf. She is personally koown to me or has produced a 	_
	(state) driver's license as identification.

IN WITNESS WHEREOF, I hereunto set my hand and official seal. NOTARY PUBLIC, STATE OF FLORIDA

,,,,iv y,,,

MARILEE GILES

2-w-c{',:.Notary Public-State of Florida
§:,	;  Commission # HH 109018

-;1,_1:.1'I1> ,•.a': /	My Commission Expires

,,,

March 24, 2025

 -84_nature)
		,	G-
me)
My Commission Expires:	fV\av:c,\.,....Jl\I  '2 02.  S

EXHIBIT A

Parcel "A":

Description of the Conservation Easement Area

A parcel of land situated in Section 27, Township 5 South, Range 25 East, Clay County, Florida, said parcel being more particularly described as follows:

Begin at the southwest corner of Silver Creek, according to plat thereof recorded in Plat Book 44, pages 52 through 72 of the public records of said county, said corner being situated in the west line of said Section 27; thence on the south line thereof, South 87 degrees 55 minutes 48 seconds East, 367.75 feet to the southeasterly line of said Silver Creek; thence on said southeasterly line, North 52 degrees 37 minutes 10 seconds East, 11.74 feet to the west line of that particular Clay County Utility Authority Easement as described in Official Records Book 4497, page 738 of said public records; thence on said west line, South 07 degrees 27 minutes 23 seconds East, 595.16 feet to the northwesterly line of Conservation Easement Parcel "O" as described in Official Records Book 2818, page 1540 of said public records; thence on said northwesterly line, run the following 7 courses: 1) South 44 degrees 39 minutes 25 seconds West, 57.20
feet; 2) South 31 degrees 11 minutes 08 seconds West, 58.43 feet; 3) South 39 degrees 57 minutes 00
seconds West, 39.07 feet; 4) South 24 degrees 27 minutes 45 seconds West, 24.56 feet; 5) South 37
degrees 23 minutes 20 seconds West, 56.13 feet; 6) South 03 degrees 19 minutes 03 seconds West, 39.10
feet; 7) South 20 degrees 20 minutes 42 seconds West, 73.90 feet; thence South 81 degrees 07 minutes 31 seconds West, 324.08 feet to the west line of said Section 27; thence on said west line, North 02 degrees 03 minutes 33 seconds East, 942.78 feet to the point of beginning.
Parcel "B":

A parcel of land situated in Section 27, Township 5 South, Range 25 East, Clay County, Florida, said parcel being more particularly described as follows:

Commence at the southwest corner of Silver Creek, according to plat thereof recorded in Plat Book 44, pages 52 through 72 of the public records of said county; thence on the south line thereof, South 87 degrees 55 minutes 48 seconds East, 367.75 feet to the southeasterly line thereof; thence on said southeasterly line, North 52 degrees 37 minutes 10 seconds East, 40.59 feet to the east line of that particular Clay County Utility Authority Easement as described in Official Records Book 4497, page 738 of said public records and the point of beginning; thence continue on said southeasterly line North 52 degrees 37 minutes 10 seconds East, 1,610.57 feet; thence South 78 degrees 07 minutes 30 seconds East, 664.48 feet; thence South 40
degrees 08 minutes 52 seconds West, 51.71 feet; thence South 65 degrees 43 minutes 55 seconds West,
63.91 feet; thence South 16 degrees 49 minutes 48 seconds West, 44.89 feet; thence South 27 degrees
58 minutes 18 seconds West, 31.95 feet; thence South 09 degrees 37 minutes 18 seconds East, 29.56
feet; thence South 26 degrees 35 minutes 37 seconds West, 146.05 feet; thence South 05 degrees 17
minutes 01 seconds East, 57.77 feet; thence South 55 degrees 33 minutes 26 seconds West, 67.54 feet;
thence South 45 degrees 16 minutes 33 seconds West, 39.82 feet; thence South 59 degrees 39 minutes
52 seconds West, 138.16 feet; thence South 24 degrees 48 minutes 23 seconds East, 56.62 feet; thence
South 03 degrees 33 minutes 11 seconds East, 83.41 feet; thence South 63 degrees 29 minutes 39 seconds East, 78.79 feet; thence South 70 degrees 33 minutes 13 seconds East, 81.46 feet; thence South 40 degrees 47 minutes 35 seconds East, 75.02 feet; thence South 46 degrees 06 minutes 23 seconds
East, 70.93 feet; thence South 57 degrees 15 minutes 45 seconds East, 90.20 feet; thence South 48
degrees 17 minutes 15 seconds East, 76.30 feet; thence South 50 degrees 30 minutes 33 seconds East,
78.51 feet; thence South 64 degrees 36 minutes 45 seconds East, 78.13 feet to the west line of said Clay County Utility Authority Easement; thence on said west line, South 30 degrees 20 minutes 55 seconds West, 317.62 feet; thence North 67 degrees 49 minutes 44 seconds West, 88.68 feet; thence South 71
degrees 00 minutes 43 seconds West, 29.24 feet; thence South 29 degrees 09 minutes 08 seconds West,
32.88 feet; thence South 47 degrees 42 minutes 06 seconds West, 49.55 feet; thence South 59 degrees
56 minutes 45 seconds West, 47.94 feet; thence South 74 degrees 15 minutes 21 seconds West, 76.68
feet; thence South 71 degrees 13 minutes 19 seconds West, 59.18 feet; thence South 87 degrees 35

minutes 45 seconds West, 76.76 feet; thence South 61 degrees 06 minutes 17 seconds West, 51.45 feet;
thence North 82 degrees 43 minutes 41 seconds West, 56.84 feet; thence South 71 degrees 59 minutes
47 seconds West, 83.94 feet; thence South 63 degrees 55 minutes 54 seconds West, 51.13 feet; thence
South 36 degrees 50 minutes 12 seconds East, 76.52 feet; thence South 86 degrees 32 minutes 38 seconds West, 60.11 feet; thence South 00 degrees 53 minutes 43 seconds West, 44.60 feet; thence South 47 degrees 01 minute 19 seconds West, 47.08 feet; thence South 12 degrees 55 minutes 49 seconds East,
63.10 feet to the northeast corner of that particular Conservation Easement Parcel "H" as described in Official Records Book 2818, page 1540 of said public records; thence on the boundaries thereof, run the following 4 courses: 1) South 64 degrees 38 minutes 43 seconds West, 68.05 feet; 2) South 71 degrees 40
minutes 47 seconds West, 49.52 feet; 3) South 30 degrees 48 minutes 36 seconds West, 36.77 feet; 4)
South 62 degrees 09 minutes 33 seconds West, 38.89 feet; thence North 81 degrees 34 minutes 28 seconds West, 222.49 feet; thence North 85 degrees 57 minutes 21 seconds West, 133.15 feet to the southeast corner of that particular Conservation Easement Parcel "G" as described in said Official Records Book 2818, page 1540; thence North 16 degrees 37 minutes 46 seconds West, 67.23 feet; thence North
21 degrees 33 minutes 13 seconds West, 72.60 feet; thence North 08 degrees 39 minutes 01 second East,
61.49 feet; thence North 59 degrees 05 minutes 18 seconds East, 56.69 feet; thence North 28 degrees 43
minutes 04 seconds East, 58.79 feet; thence North 13 degrees 52 minutes 27 seconds East, 49.16 feet;
thence North 21 degrees 52 minutes 42 seconds East, 29.32 feet; thence North 27 degrees 01 minute 29 seconds East, 59.10 feet; thence North 14 degrees 59 minutes 19 seconds East, 39.12 feet; thence North 04 degrees 57 minutes 48 seconds West, 36.62 feet; thence North 19 degrees 03 minutes 17 seconds
West, 33.84 feet; thence North 22 degrees 30 minutes 56 seconds West, 48.71 feet; thence North 19
degrees 38 minutes 44 seconds West, 67.33 feet; thence North 08 degrees 25 minutes 24 seconds West,
71.55 feet; thence South 26 degrees 47 minutes 18 seconds West, 29.36 feet; thence South 52 degrees
36 minutes 08 seconds West, 56.81 feet; thence South 21 degrees 59 minutes 27 seconds West, 49.93
feet; thence South 38 degrees 01 minute 03 seconds East, 39.76 feet; thence South 01 degree 32 minutes
43 seconds West, 23.51 feet; thence South 29 degrees 38 minutes 26 seconds West, 37.39 feet; thence
South 62 degrees 18 minutes 47 seconds West, 31.04 feet; thence South 84 degrees 51 minutes 16 seconds West, 36.41 feet; thence South 66 degrees 17 minutes 32 seconds West, 58.22 feet; thence South 73 degrees 40 minutes 59 seconds West, 54.94 feet; thence South 50 degrees 44 minutes 23 seconds
West, 63.23 feet; thence South 68 degrees 05 minutes 05 seconds West, 51.39 feet; thence South 57
degrees 18 minutes 43 seconds West, 68.03 feet; thence South 31 degrees 19 minutes 06 seconds West,
53.30 feet to the northeast corner of that particular Conservation Easement Parcel "F" as described in said Official Records Book 2818, page 1540; thence on the boundaries thereof, run the following 6 courses: 1) South 62 degrees 52 minutes 02 seconds West, 53.94 feet; 2) South 51 degrees 16 minutes 57 seconds
West, 23.73 feet; 3) South 76 degrees 45 minutes 58 seconds West, 65.98 feet; 4) South 89 degrees 47
minutes 27 seconds West, 62.94 feet; 5) South 87 degrees 41 minutes 28 seconds West, 53.03 feet; 6) South 85 degrees 58 minutes 31 seconds West, 30.18 feet to the east line of said Clay County Utility Authority Easement; thence on said east line, North 07 degrees 27 minutes 23 seconds West, 606.01 feet to the point of beginning.

This instrument prepared by and should be returned to:
Jason E. Merritt Greenberg Traurig, P.A. 101 East College Avenue Tallahassee, Florida 32301

PARTIAL RELEASE OF EASEMENT
THIS	PARTIAL	RELEASE	OF	EASEMENT	("Release")	is	executed	on
Mo.-..	\ \.\	,  2024  by  ROLLING  HILLS  COMMUNITY	DEVELOPMENT
DISTR' ICT, a local unit of special-purpose government established pursuant to Chapter 190,
Florida Statutes, which has an address of 475 West Town Place, Suite 114, St. Augustine, Florida 32092 (the "COD").
RECITALS:
The CDD is the owner and holder of a construction easement as more paiiicularly described in that certain Grant of Construction Easement dated October 20, 2006 and recorded December 12, 2006 in Official Records Book 2830, Page 114 of the Public Records of Clay County, Florida (the "Easement Agreement").

The Easement Agreement affects certain lands as more paiticularly described on on Exhibit A attached (the "Released Property") which Released Prope1ty is non-developable land within the boundaries of the CDD.

CDD desires to release the Released Prope1ty from the operation and effect of the Easement Agreement.

NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the CDD hereby terminates the Easement Agreement with respect to the Released Prope1ty, and the Released Property is released from any and all covenants, conditions, restrictions, requirements, obligations, encumbrances, easements, licenses, reservations, claims, or other matters under the Easement Agreement so that the Easement Agreement and the provisions thereof no longer burden the Released Property in any manner whatsoever. Provided however, all provisions of the Easement Agreement shall remain in effect in accordance with the terms thereof other than as to the Released Property.
[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the CDD has executed this Release as of the date above.

CDD:

Witnesses:

	till[[)		Cl('cl

ROLLING HILLS COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Flmida Statutes

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Address:gz,)7.,_ ¾OvE  01'­		
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PrintName: U"1::dcl l/A h re
Address: 4 75 W "1o,,m	Pl S-k II '-f
SL ¼us ;t\e.-,  £L	3u,92.

STATE OF FLORIDA COUNTY OF CLAY

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The foregoing instrument was acknowledged before me by means of [--1'physical presence  or  [  ]  online  notarization  on  tJ\C>--1 t '-1	2024, by 3D"'-"'-   '  \\...«..{"	,  as   C..."'-a...." ;;- M,.c..r-.		of
ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special­
purpose govermnent established pursuant to Chapter 190, Florida Statutes, who [ ...,.......-J is ns:rsona)Jy known to me or [   ] produced 	 for identification [check appropriate box].

[NOTARIAL SEAL]

Notary: 	M	

,,, f:,,,

MARILEE GILES

'.co '\;-'::Notary Public-State of Florida
;:= Commission# HH 109018

;J"i:O F o' .• ?

111

111111''

My Commission Expires March 24, 2025

Print Name:	t::\cw-,		G-:. l-o.s­
Notary Public, State of Florida
My commission expires: Mo.r<-'-' 2 '\ '2u2.'\

EXHIBIT A
Description of Released Property
Parcel "A":

A parcel of land situated in Section 27, Township 5 South, Range 25 East, Clay County, Florida, said parcel being more particularly described as follows:

Begin at the southwest corner of Silver Creek, according to plat thereof recorded in Plat Book 44, pages 52 through 72 of the public records of said county, said corner being situated in the west line of said Section 27; thence on the south line thereof, South 87 degrees 55 minutes 48 seconds East, 367.75 feet to the southeasterly line of said Silver Creek; thence on said southeasterly line, North 52 degrees 37 minutes 10 seconds East, 11.74 feet to the west line of that particular Clay County Utility Authority Easement as described in Official Records Book 4497, page 738 of said public records; thence on said west line, South 07 degrees 27 minutes 23 seconds East, 595.16 feet to the northwesterly line of Conservation Easement Parcel "O" as described in Official Records Book 2818, page 1540 of said public records; thence on said northwesterly line, run the following 7 courses: 1) South 44 degrees 39 minutes 25 seconds West, 57.20 feet; 2) South 31 degrees 11
minutes 08 seconds West, 58.43 feet; 3) South 39 degrees 57 minutes 00 seconds West, 39.07 feet;
4) South 24 degrees 27 minutes 45 seconds West, 24.56 feet; 5) South 37 degrees 23 minutes 20
seconds West, 56.13 feet; 6) South 03 degrees 19 minutes 03 seconds West, 39.10 feet; 7) South
20 degrees 20 minutes 42 seconds West, 73.90 feet; thence South 81 degrees 07 minutes 31 seconds West, 324.08 feet to the west line of said Section 27; thence on said west line, North 02 degrees 03 minutes 33 seconds East, 942.78 feet to the point of beginning.

Parcel "B":

A parcel ofland situated in Section 27, Township 5 South, Range 25 East, Clay County, Florida, said parcel being more particularly described as follows:

Commence at the southwest corner of Silver Creek, according to plat thereof recorded in Plat Book 44, pages 52 through 72 of the public records of said county; thence on the south line thereof, South 87 degrees 55 minutes 48 seconds East, 367.75 feet to the southeasterly line thereof; thence on said southeasterly line, North 52 degrees 37 minutes 10 seconds East, 40.59 feet to the east line of that paiiicular Clay County Utility Authority Easement as described in Official Records Book 4497, page 738 of said public records and the point of beginning; thence continue on said southeasterly line North 52 degrees 37 minutes 10 seconds East, 1,610.57 feet; thence South 78
degrees 07 minutes 30 seconds East, 664.48 feet; thence South 40 degrees 08 minutes 52 seconds
West, 51.71 feet; thence South 65 degrees 43 minutes 55 seconds West, 63.91 feet; thence South
16 degrees 49 minutes 48 seconds West, 44.89 feet; thence South 27 degrees 58 minutes 18
seconds West, 31.95 feet; thence South 09 degrees 37 minutes 18 seconds East, 29.56 feet; thence
South 26 degrees 35 minutes 37 seconds West, 146.05 feet; thence South 05 degrees 17 minutes
01 seconds East, 57.77 feet; thence South 55 degrees 33 minutes 26 seconds West, 67.54 feet;
thence South 45 degrees 16 minutes 33 seconds West, 39.82 feet; thence South 59 degrees 39
minutes 52 seconds West, 138.16 feet; thence South 24 degrees 48 minutes 23 seconds East, 56.62

feet; thence South 03 degrees 33 minutes 11 seconds East, 83.41 feet; thence South 63 degrees 29
minutes 39 seconds East, 78.79 feet; thence South 70 degrees 33 minutes 13 seconds East, 81.46
feet; thence South 40 degrees 47 minutes 35 seconds East, 75.02 feet; thence South 46 degrees 06
minutes 23 seconds East, 70.93 feet; thence South 57 degrees 15 minutes 45 seconds East, 90.20
feet; thence South 48 degrees 17 minutes 15 seconds East, 76.30 feet; thence South 50 degrees 30
minutes 33 seconds East, 78.51 feet; thence South 64 degrees 36 minutes 45 seconds East, 78.13 feet to the west line of said Clay County Utility Authority Easement; thence on said west line, South 30 degrees 20 minutes 55 seconds West, 317.62 feet; thence N01ih 67 degrees 49 minutes
44 seconds West, 88.68 feet; thence South 71 degrees 00 minutes 43 seconds West, 29.24 feet;
thence South 29 degrees 09 minutes 08 seconds West, 32.88 feet; thence South 47 degrees 42
minutes 06 seconds West, 49.55 feet; thence South 59 degrees 56 minutes 45 seconds West, 47.94
feet; thence South 74 degrees 15 minutes 21 seconds West, 76.68 feet; thence South 71 degrees 13
minutes 19 seconds West, 59.18 feet; thence South 87 degrees 35 minutes 45 seconds West, 76.76
feet; thence South 61 degrees 06 minutes 17 seconds West, 51.45 feet; thence North 82 degrees 43
minutes 41 seconds West, 56.84 feet; thence South 71 degrees 59 minutes 47 seconds West, 83.94
feet; thence South 63 degrees 55 minutes 54 seconds West, 51.13 feet; thence South 36 degrees 50
minutes 12 seconds East, 76.52 feet; thence South 86 degrees 32 minutes 38 seconds West, 60.11
feet; thence South 00 degrees 53 minutes 43 seconds West, 44.60 feet; thence South 47 degrees 01
minute 19 seconds West, 47.08 feet; thence South 12 degrees 55 minutes 49 seconds East, 63.10 feet to the northeast comer of that particular Conservation Easement Parcel "H" as described in Official Records Book 2818, page 1540 of said public records; thence on the boundaries thereof, run the following 4 courses: 1) South 64 degrees 38 minutes 43 seconds West, 68.05 feet; 2) South
71 degrees 40 minutes 47 seconds West, 49.52 feet; 3) South 30 degrees 48 minutes 36 seconds
West, 36.77 feet; 4) South 62 degrees 09 minutes 33 seconds West, 38.89 feet; thence North 81
degrees 34 minutes 28 seconds West, 222.49 feet; thence North 85 degrees 57 minutes 21 seconds West, 133.15 feet to the southeast comer of that particular Conservation Easement Parcel "G" as described in said Official Records Book 2818, page 1540; thence North 16 degrees 37 minutes 46
seconds West, 67.23 feet; thence North 21 degrees 33 minutes 13 seconds West, 72.60 feet; thence
North 08 degrees 39 minutes 01 second East, 61.49 feet; thence North 59 degrees 05 minutes 18
seconds East, 56.69 feet; thence North 28 degrees 43 minutes 04 seconds East, 58.79 feet; thence
North 13 degrees 52 minutes 27 seconds East, 49.16 feet; thence North 21 degrees 52 minutes 42
seconds East, 29.32 feet; thence North 27 degrees 01 minute 29 seconds East, 59.10 feet; thence
N01ih 14 degrees 59 minutes 19 seconds East, 39.12 feet; thence North 04 degrees 57 minutes 48
seconds West, 36.62 feet; thence North 19 degrees 03 minutes 17 seconds West, 33.84 feet; thence
North 22 degrees 30 minutes 56 seconds West, 48.71 feet; thence North 19 degrees 38 minutes 44
seconds West, 67.33 feet; thence North 08 degrees 25 minutes 24 seconds West, 71.55 feet; thence
South 26 degrees 47 minutes 18 seconds West, 29.36 feet; thence South 52 degrees 36 minutes 08
seconds West, 56.81 feet; thence South 21 degrees 59 minutes 27 seconds West, 49.93 feet; thence
South 38 degrees 01 minute 03 seconds East, 39.76 feet; thence South 01 degree 32 minutes 43
seconds West, 23.51 feet; thence South 29 degrees 38 minutes 26 seconds West, 37.39 feet; thence
South 62 degrees 18 minutes 47 seconds West, 31.04 feet; thence South 84 degrees 51 minutes 16
seconds West, 36.41 feet; thence South 66 degrees 17 minutes 32 seconds West, 58.22 feet; thence
South 73 degrees 40 minutes 59 seconds West, 54.94 feet; thence South 50 degrees 44 minutes 23

seconds West, 63.23 feet; thence South 68 degrees 05 minutes 05 seconds West, 51.39 feet; thence
South 57 degrees 18 minutes 43 seconds West, 68.03 feet; thence South 31 degrees 19 minutes 06 seconds West, 53.30 feet to the northeast corner of that particular Conservation Easement Parcel "F" as described in said Official Records Book 2818, page 1540; thence on the boundaries thereof, run the following 6 courses: 1) South 62 degrees 52 minutes 02 seconds West, 53.94 feet; 2) South
51 degrees 16 minutes 57 seconds West, 23.73 feet; 3) South 76 degrees 45 minutes 58 seconds
West, 65.98 feet; 4) South 89 degrees 47 minutes 27 seconds West, 62.94 feet; 5) South 87 degrees
41 minutes 28 seconds West, 53.03 feet; 6) South 85 degrees 58 minutes 31 seconds West, 30.18 feet to the east line of said Clay County Utility Authority Easement; thence on said east line, North 07 degrees 27 minutes 23 seconds West, 606.01 feet to the point of beginning.

TWELFTH ORDER OF BUSINESS

I.

June 4, 2024

14367 Hunters Ridge E. Glen St. Mary, FL 32040 Phone: (904)545-6282
Fax: (904)653-1255

Proposal Submitted to: Rolling Hills Residents Club Attn: Freddie Oca

Job: Repainting
We hereby propose to furnish the materials and perform the labor necessary for the completion of the said job.
Wash exterior – Club house and pool house Restain and seal exterior doors.
Clean and seal all wood ceilings. Caulk all voids as needed.
Paint all soffits, fascia, window trim, shutters, dormers, all handrails and spindles.
Using Sherwin Williams Satin Paint on all painted surfaces and clear wood finish on wood ceilings and doors.

Total for materials and labor is $44,105.00.

All material is guaranteed to be as specified, and the above work to be preformed in accordance with the specifications submitted for above work, and completed in a substantial workmanlike manner.

Respectfully submitted by:
	Mike Jarvis		Date:	06/04/2024 Mike Jarvis, President of Jarvis Painting Co., Inc.
Acceptance of Proposal:

		Date:	

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--·-·-··--·-

.,.

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THIRTEENTH ORDER OF BUSINESS

C.

Chris H. Chambless
Supervisor of Elections Clay County, Florida

April 15, 2024
Rolling Hills Community Development District Attn.: Katie S. Buchanan
107 West College Avenue Tallahassee, Florida 32301

Dear Ms. Buchanan:

I have queried the number of eligible voters residing within the Rolling Hills Community Development District as of April 15, 2024. At this time, there are 775 registered voters residing within the district.

Please provide the contact information and term expiration dates for the current CDD Board Members. I can be reached via the contact information at the bottom of this page or via email at Lynn.Gaver@ClayElections.gov.

In an effort to keep our records updated please notify us of any changes to the Board due to resignations or appointments.

Thank you,

Lynn Gaver, MFCEP
Clay County Supervisor of Elections Office
P.O. Box 337 | 500 North Orange Ave.
Green Cove Springs, FL 32043 (904) 269-6350 Fax (904) 284-0935

P.O. Box 337			500 N. Orange Ave.			Green Cove Springs, FL 32043 (904) 269-6350		Fax (904) 284-0935

D.

1.

Rolling Hills Community Development District
3212 Bradley Creek Parkway · Green Cove Springs, FL 32043

Memorandum

Date:	June 11, 2024
To:	Jerry Lambert, Operations Director From:	Freddie Oca, Facility Manager
Jay Soriano, GMS Operations
Re:	Rolling Hills CDD - Monthly Operations Report: April/May General

www.RollingHillsCDD.com website is up and running; documents such as annual audits, meeting minutes and annual budgets will be updated as they become available.

Smoke n D’Air Food truck was here on April 2nd
Red Hawk Asian Food truck was here on April 9th
Backwood Meat Smokerz Food truck was here on April 16th
Paris Street Food truck was here on April 23rd
Emangeo’s Food truck was here on April 30th
A Little Touch of Italy Food truck was here on May 7th
Viva La Familia Food truck was here on May 14th
Pura Vida Food truck was here on May 21st
Smoke n D’Air Food truck was here on May 28th
Flip N Go Food truck was here on May 31st
The Chalk Art contest had 29 residents participate
Summer Event 1 had 98 residents attend
Sixteen (16) sets of access cards were issued.
An off-duty Police Officer is continuing to patrol Rolling Hills twice a week.

Operations:

Walk through inspection with Tree Amigos
Set-up vendors for the upcoming events
Coordinate with landscaping
Coordinate with various painting companies for the building

Maintenance:

Southeast Fitness performed the preventative maintenance and made repairs of the fitness equipment.
Lake Doctors conducted their monthly maintenance on the ponds.
Harvey Pest Control completed the annual termite maintenance
Integrated Access Services has adjusted the card access system
The check in station has been pressure washed
The lifeguard check-in station window frame is in the process of being painted
The pool pavilion has been pressure washed
A flush valve was replaced in the ladies bathroom
The water cooler in the gym has been replaced
Pool furniture was pressure washed
The new pool motor was installed and is running smoothly
Wildlife service was contacted to remove an alligator from a pond
Flowers have been installed at the front of the amenity center
Loose boards on the bridge have been secured
GFI covers have been repaired
Lightbulbs around the facility have been replaced
The drive for the pool has been installed
No parking signs have been repaired and  installed by the pond banks
The monthly inspection on the bridge has been completed.
The park locations are being policed weekly for debris.
All District Lakes are being inspected and cleaned bi-weekly.
Lake water out falls are inspected and cleaned on a monthly basis to ensure proper water flow.
Irrigation inspections and needed repairs are being completed on a monthly basis.
An inspection of the Amenity Center lighting was performed.
Trash can liners are being changed on a weekly basis.

Action List

Awaiting for approval on the breezeway doors Awaiting on decision for the wooden stairway

Resident Requests/Comments:

Should you have any questions or comments regarding the above information, please feel free to contact Freddie at (904) 338-5723 or Jerry at (904) 807-2763

SIXTEENTH ORDER OF BUSINESS

A.

Rolling Hills
Communlty Development District

Unaudited Financial Reporting
April 30, 2024

Table of Contents

1

2-3

4

5

6

7

8

9

10

11

12-13

14-15

	Balance Sheet

	General Fund

	Capital Reserve Fund

	Debt Service Fund Series 2015 A-1

	Debt Service Fund Series 2015 A-2

	Debt Service Fund Series 2015 A-3

	Debt Service Fund Series 2020

	Debt Service Fund Series 2022

	Capital Project Fund Series 2020

	Capital Project Fund Series 2022

	Month to Month

	Long Term Debt Report

16		Assessment Receipt Schedule

Rolling Hills
Community Development District Combined Balance Sheet
April 30, 2024

	General Fund		Debt Service Fund	Capital Reserve Fund	Capital Project Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	33,576	

$	

-	

$	-	$	

-	

$	33,576	
Assessments Receivable	(1)		-	-	-	(1)	
Due from General Fund	-		(2,396)	-	-	(2,396)	
Due From Capital	132,693		-	-	-	132,693	
Investments:
State Board of Administration (SBA)	

545,880		

-	

-	

-	

545,880	
State Board of Administration (SBA)

Series 2015 A-1	-		-	388,061		388,061
-
-	
Reserve	-		88,703	-	-	-	88,703	
Reserve	-		0	-	-	-	0	
Revenue	-		173,505	-	-	-	173,505	
Prepayment A1	-		577	-	-	-	577	
Series 2015 A-2	-	
Reserve	-	100,000	-	-	-	100,000	
Revenue	-	141,727	-	-	-	141,727	
Prepayment
Series 2015 A-3
Reserve	-

-	4

4,861	-	-	-

-	-	-	4
- 4,861	
Revenue	-	41,107	-	-	-	41,107	
Prepayment
Series 2020 A-1	-	0	-	-	-	0
-	
Reserve	-	165,981	-	-	-	165,981	
Revenue	-	184,871	-	-	-	184,871	
Construction
Series 2020 A-2
Reserve	-	-

-	57,475	-	-	451,946

-	-	-	451,946

57,475	
Interest	-	6,562	-	-	-	6,562	
Prepayment
Series 2022 A-1
Reserve	-	593,541

-	348,122	-	-	-

-	-	-	593,541
- 348,122	
Revenue	-	365,438	-	-	-	365,438	
Construction
Series 2022 A-2	-	-	-	-	445	445
-	
Reserve	-	173,010  -	-	-	173,010	
Interest	-	5,078  -	-	-	5,078	
Prepayment	-	240,368	-	-	240,368	
Prepaid Expenses	-	-	-	-	-	
Total Assets	$	712,147	$	2,688,533	$	388,061	$	452,392	$	4,241,133	

Liabilities:
Accounts Payable	

10,875	

$	-	$	-	

469,210	

$	480,085	
Due to General Fund	-	-	132,693	-	132,693	
Due to Debt Service	(2,396)	-	-	-	(2,396)	
Total Liabilites	$	8,479	$	-	$	132,693	$	469,210	$	610,382	

Fund Balance:
Nonspendable: Prepaid Items
Restricted for:

$	-	$	-	$

-	$	-	$	-

Debt Service - Series	-	2,688,533	-	2,688,533

Capital Reserve Fund	-
Capital Reserves	-	-
-	-
-	(16,818)
-	(16,818)
-	
Unassigned	703,667	-	-	-	703,667	
Total Fund Balances	$	703,667	$	2,688,533	$	255,368	$	(16,818)	$	3,630,752	
						
Total Liabilities & Fund Balance	$	712,147	$	Page 1	$	388,061	$	452,392	$	4,241,133	

Capital Project - Series	-	-	255,368	-	255,368 Assigned for:

2,688,533

Revenues:		
Special Assessments - Tax Roll	$	798,589	$	798,589	$	845,370	$	46,780	
Special Assessments - Direct	109,821	109,821	69,832	(39,989)	
Swim & Tennis Revenue	1,350	788	170	(618)	
Facility Rental Fees	3,500	2,042	3,110	1,068	
Interest Income	4,600	2,683	1,542	(1,142)	
Land Sale Proceeds	-	-	-	-	
Total Revenues	$	917,861	$	913,923	$	920,024	$	6,100	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	8,000	4,667	$	4,600	$	67	
PR-FICA	612	-	357	352	5	
Engineering	2,000	1,167	-	1,167	
Attorney	20,000	11,667	8,953	2,713	
Annual Audit	7,500	3,000	3,000	-	
Assessment Administration	10,000	10,000	10,000	-	
Arbitrage Rebate	2,400	1,200	1,200	-	
Dissemination Agent	10,000	5,833	5,833	0	
Trustee Fees	16,163	16,163	16,163	-	
Management Fees	44,982	26,240	26,240	-	
Information Technology	1,800	1,050	1,050	-	
Website Maintenance	1,200	700	700	-	
Telephone	500	292	211	81	
Postage & Delivery	500	292	247	45	
Insurance General Liability	11,053	11,053	9,022	2,030	
Printing & Binding	1,250	729	402	327	
Legal Advertising	2,000	1,167	151	1,015	
Other Current Charges	1,000	583	300	283	
Office Supplies	100	58	98	(40)	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	141,234	$	96,391	$	88,697	$	7,694	

Operations & Maintenance					
Field Expenditures
Operations Management	

$	24,662	

$	14,386	

$	14,386	

$	(0)	
Utilities - Irrigation & Streetlights	35,000	20,417	21,871	(1,454)	
Repairs & Maintenance	40,000	23,333	18,078	5,255	
Landscape	80,000	46,667	47,206	(539)	
Landscape - Contingency	15,000	8,750	4,998	3,752	
Mulch	15,000	8,750	-	8,750	
Lake Maintenance	14,200	8,283	3,723	4,560	
Irrigation Repairs	5,719	3,336	1,525	1,811	
Miscellaneous	-	-	4,768	(4,768)	
Subtotal Field Expenditures	$ Page2229,581	$	133,922	$	116,555	$	17,367	

Amenity Center Expenditures		
Facility Management	$	67,568	$	39,415	$	39,415	$	(0)	
Facility Asst/Gate Monitor	17,000	9,917	4,487	5,430	
Pool Attendants	40,754	23,773	-	23,773	
Refuse Service	7,200	4,200	5,406	(1,206)	
Security	25,000	14,583	5,663	8,920	
Utilities	55,000	32,083	24,942	7,141	
Recreation Passes	1,000	583	-	583	
Repairs & Maintenance	40,000	23,333	23,170	163	
Janitorial	14,694	8,572	8,572	-	
Pool Maintenance	15,627	9,116	9,977	(862)	
Special Events	8,000	4,667	3,405	1,262	
Operating Supplies	10,000	5,833	6,826	(993)	
Pool Chemicals	15,000	8,750	4,191	4,559	
Permit	475	277	-	277	
Insurance	41,665	41,665	34,011	7,655	
Capital Outlay	-	-	11,005	(11,005)	
Subtotal Amenity Expenditures	$	358,983	$	226,767	$	181,069	$	45,698	
					
Total Operations & Maintenance	$	588,564	$	360,690	$	297,624	$	63,066	
					
Total Expenditures	$	729,798	$	457,080	$	386,321	$	70,759	
					
Excess (Deficiency) of Revenues over Expenditures	$	188,062	$	456,843	$	533,703	$	76,860	

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	(188,062)	

$	(188,062)	

$	(188,062)	

$	-	
Total Other Financing Sources/(Uses)	$	(188,062)	$	(188,062)	$	(188,062)	$	-	
					
Net Change in Fund Balance	$	0	$	268,781	$	345,641	$	76,860	
					
Fund Balance - Beginning	$	-		$	358,026		
					
Fund Balance - Ending	$	0		$	703,667		

Revenues

Interest	

$	-	

$	-	

$	8,877	

$	8,877	
Total Revenues	$	-	$	-	$	8,877	$	8,877	

Expenditures:

Capital Outlay	

$	442,300	

$	320,755	

$	320,755	

$	-	
Total Expenditures	$	442,300	$	320,755	$	320,755	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(442,300)		$	(311,878)		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	188,062	

$	188,062	

$	188,062	

$	-	
Total Other Financing Sources (Uses)	$	188,062	$	188,062	$	188,062	$	-	
					
Net Change in Fund Balance	$	(254,238)		$	(123,816)		
					
Fund Balance - Beginning	$	537,440		$	379,184		
					
Fund Balance - Ending	$	283,202		$	255,368		

Revenues:					
Special Assessments - Tax Roll	$	174,001	$	174,001	$	160,809	$	(13,192)	
Interest Income	-	-	5,646	5,646	
Total Revenues	$	174,001	$	174,001	$	166,454	$	(7,547)	

Expenditures:					
Interest Expense - 11/1	$	45,411	$	45,411	$	45,411	$	-	
Special Call - 11/1	$	-	$	-	$	5,000	$	(5,000)	
Interest Expense - 5/1	45,411	-	-	-	
Principal Expense - 5/1	85,000	-	-	-	
Total Expenditures	$	175,823	$	45,411	$	50,411	$	(5,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,822)	$	128,590	$	116,043	$	(12,547)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,822)	$	128,590	$	116,043	$	(12,547)	
					
Fund Balance - Beginning	$	56,485		$	146,192		
					
Fund Balance - Ending	$	54,664		$	262,236		

Revenues:					
Special Assessments - Tax Roll	$	136,800	$	136,800	$	127,307	$	(9,494)	
Interest Income	-	-	5,543	5,543	
Total Revenues	$	136,800	$	136,800	$	132,850	$	(3,951)	

Expenditures:					
Interest Expense - 11/1	$	35,944	$	35,944	$	36,081	$	(138)	
Principal Expense - 11/1	$	-	$	-	$	5,000	$	(5,000)	
Interest Expense - 5/1	35,944	-	-	-	
Principal Expense - 5/1	60,000	-	-	-	
Total Expenditures	$	131,888	$	35,944	$	41,081	$	(5,138)	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,913	$	100,857	$	91,768	$	(9,088)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	4,913	$	100,857	$	91,768	$	(9,088)	
					
Fund Balance - Beginning	$	48,313		$	149,528		
					
Fund Balance - Ending	$	53,226		$	241,297		

Revenues:					
Special Assessments - Tax Roll	$	41,481	$	41,481	$	37,874	$	(3,607)	
Interest Income	-	-	863	863	
Total Revenues	$	41,481	$	41,481	$	38,737	$	(2,744)	

Expenditures:					
Interest Expense - 11/1	$	12,228	$	12,228	$	12,228	$	-	
Interest Expense - 5/1	12,228	$	-	-	-	
Principal Expense - 5/1	15,000	$	-	-	-	
Total Expenditures	$	39,455	$	12,228	$	12,228	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,026	$	29,254	$	26,509	$	(2,744)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	2,026	$	29,254	$	26,509	$	(2,744)	
					
Fund Balance - Beginning	$	14,590		$	19,329		
					
Fund Balance - Ending	$	16,616		$	45,839		

Revenues:					
Special Assessments A-1- Tax Roll	$	165,981	$	52,228	$	52,228	$	-	
Special Assessments A-2- Tax Roll	-	-	-	-	
Direct Assessments A-1	-	-	29,108	29,108	
Direct Assessments A-2	67,213	51,326	51,326	-	
Prepayments A1	-	-	59,564	59,564	
Prepayments A2	-	-	590,683	590,683	
Interest Income	-	-	15,044	15,044	
Total Revenues	$	233,194	$	103,555	$	797,955	$	694,400	

Expenditures:					
Series 2020 A-1
Interest Expense - 11/1	

$	57,513	

$	57,513	

$	57,513	

$	(0)	
Interest Expense - 5/1	57,513	-		-	
Principal Expense - 5/1	50,000	-	-	-	
Series 2020 A-2
Interest Expense - 11/1	

33,013	

33,013	

$	33,013	

-	
Special Call - 11/1	-	-	$	180,000	(180,000)	
Interest Expense - 2/1	-	-	119	(119)	
Special Call - 2/1	-	-	$	10,000	(10,000)	
Interest Expense - 5/1	33,013	-	-	-	
Total Expenditures	$	231,050	$	90,525	$	280,644	$	(190,119)	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,144	$	13,030	$	517,311	$	504,281	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	2,144	$	13,030	$	517,311	$	504,281	
					
Fund Balance - Beginning	$	68,544		$	490,941		
					
Fund Balance - Ending	$	70,688		$	1,008,252		

Revenues:					
Special Assessments A-1- Tax Roll	$	345,544	$	345,544	$	323,954	$	(21,590)	
Special Assessments A-2- Tax Roll	173,010	-	-	-	
Direct Assessments A-1	-	-	9,456	9,456	
Direct Assessments A-2			59,847	59,847	
Prepayment A-2	-	-	184,898	184,898	
Interest Income	-	-	21,622	21,622	
Total Revenues	$	518,554	$	345,544	$	599,778	$	254,234	

Expenditures:					
Series 2022 A-1
Interest Expense - 11/1	

$	113,475	

$	113,475	

$	113,475	

$	-	
Interest Expense - 5/1	113,475	-	-	-	
Principal Expense - 5/1	120,000	-	-	-	
Series 2022 A-2
Interest Expense - 11/1	

86,505	

86,505	

86,505	

-	
Interest Expense - 5/1	86,505	-	-	-	
Total Expenditures	$	519,960	$	199,980	$	199,980	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,406)	$	145,564	$	399,798	$	254,234	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,406)	$	145,564	$	399,798	$	254,234	
					
Fund Balance - Beginning	$	211,927		$	731,112		
					
Fund Balance - Ending	$	210,521		$	1,130,910		

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues		
Developer Contributions	$	-	$	-	$	20,725	$	20,725	
Interest Income		-	-	7,310	7,310	
Total Revenues	$	-	$	-	$	28,036	$	28,036	

Expenditures:					
Improvements	$	-	$	-	$	45,496	$	(45,496)	
Total Expenditures	$	-	$	-	$	45,496	$	(45,496)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	(17,460)	$	(17,460)	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-	$	(17,460)		
					
Fund Balance - Beginning	$	-	$	196		
					
Fund Balance - Ending	$	-	$	(17,264)		

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues		
Developer Contributions	$	-	$	-	$	326,397	$	326,397	
Interest Income		-	-	147	147	
Total Revenues	$	-	$	-	$	326,544	$	326,544	

Expenditures:					
Improvements	$	-	$	-	$	326,397	$	(326,397)	
Total Expenditures	$	-	$	-	$	326,397	$	(326,397)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	147	$	147	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-	$	147		
					
Fund Balance - Beginning	$	-	$	298		
					
Fund Balance - Ending	$	-	$	445		

Month to Month

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

Revenues:

Special Assessments - Tax Roll	$  798,589	$	-	$	76,471	$	762,590	$	3,107	$	-	$	-	$	3,203  $	-	$	-	$	-	$	-	$	-	$  845,370	
Special Assessments - Direct	109,821	-	-		-	69,832	-	-	-	-	69,832	
Swim & Tennis Revenue	1,350	-	170		-	-	-	-	-	-	-	-	-	-	170	
Facility Rental Fees	3,500	(45)	1,305		650	750	-	-	450	-	-	-	-	-	3,110	
Interest Income	4,600	687	224		215	214	201	-	-	-	-	-	-	-	1,542	
Land Sale Proceeds	-	-	-		-	-	-	-	-	-	-	-	-	-	-	
Total Revenues	$  917,861	$	642  $	78,170	$	763,455	$	73,903	$	201  $	-	$	3,653 $	-	$	-	$	-	$	-	$	-	$  920,024	

Expenditures:											
General & Administrative:											
Supervisor Fees	$	8,000	$	800  $	1,800	$	-	$	-	$	1,000  $	-	$	1,000  $	-	$	-	$	-	$	-	$	-	$	4,600	
PR-FICA	612	61	138		-	-	77	-	77	-	-	-	-	-	352	
Engineering	2,000	-	-		-	-	-	-	-	-	-	-	-	-	-	
Attorney	20,000	1,298	2,689		1,093	738	2,960	176	-	-	-	-	-	-	8,953	
Annual Audit	7,500	-	-	`		-	-	2,000	1,000	-	-	-	-	-	3,000	
Assessment Administration	10,000	10,000	-		-	-	-	-	-	-	10,000	
Arbitrage Rebate	2,400	-	-		-	1,200	-	-	-	-	-	-	-	-	1,200	
Dissemination Agent	10,000	833	833		833	833	833	833	833	-	-	-	-	-	5,833	
Trustee Fees	16,163	-	4,041		-	8,081	-	4,041	-	-	16,163	
Management Fees	44,982	3,749	3,749		3,749	3,749	3,749	3,749	3,749	-	26,240	
Information Technology	1,800	150	150		150	150	150	150	150	-	-	-	-	-	1,050	
Website Maintenance	1,200	100	100		100	100	100	100	100	-	-	-	-	-	700	
Travel & Per Diem	-	-	-		-	-	-	-	-	-	-	-	-	-	-	
Telephone	500	17	-		35	126	-	33	-	-	-	-	-	-	211	
Postage & Delivery	500	43	88		69	1	9	20	17	-	-	-	-	-	247	
Insurance General Liability	11,053	9,022	-		-	-	-	-	-	-	-	-	-	-	9,022	
Printing & Binding	1,250	11	178		63	10	14	122	5	-	-	-	-	-	402	
Legal Advertising	2,000	-	50		-	50	-	50	-	-	-	-	-	-	151	
Other Current Charges	1,000	-	200		-	-	-	-	100	-	-	-	-	-	300	
Office Supplies	100	23	20		1	0	53	0	-	-	-	-	-	-	98	
Dues, Licenses & Subscriptions	175	175	-		-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  141,234	$	26,282  $	14,036	$	6,094	$	15,037	$	8,945 $	11,274  $	7,030 $	- $	- $	- $	- $	- $	88,697	

Operations & Maintenance											
Field Expenditures											
Operations Management	$	24,662	$	2,055  $	2,055	$	2,055	$	2,055	$	2,055  $	2,055  $	2,055  $	-	$	-	$	-	$	-	$	-	$	14,386	
Utilities - Irrigation & Streetlights	35,000	5,834	2,987		2,648	2,539	1,202	3,196	3,465	-	21,871	
Repairs & Maintenance	40,000	8,115	1,797		1,987	1,552	1,569	1,044	2,016	-	18,078	
Landscape	80,000	6,379	6,379		6,379	6,379	6,379	7,654	7,654	-	47,206	
Landscape - Contingency	15,000	2,499	-		2,499	-	-	-	-	-	-	-	-	-	4,998	
Mulch	15,000	-	-		-	-	-	-	-	-	-	-	-	-	-	
Lake Maintenance	14,200	513	535		535	535	535	535	535	-	-	-	-	-	3,723	
Irrigation Repairs	5,719	1,100	-		-	-	-	-	425	-	-	-	-	-	1,525	
Miscellaneous	-	4,768	-		-	-	-	-	-	-	-	-	-	-	4,768	
Subtotal Field Expenditures	$  229,581	$	31,263  $	13,753	$	16,104	$	13,060	$	11,741  $	14,484  $	16,150  $	- $	- $	- $	- $	- $  116,555	

Amenity Center Expenditures											
Facility Management	$	67,568	$	5,631  $	5,631	$	5,631	$	5,631	$	5,631  $	5,631  $	5,631  $	-	$	-	$	-	$	-	$	-	$	39,415	
Facility Asst/Gate Monitor	17,000	1,327	1,193		479	260	532	696	-	-	-	-	-	-	4,487	
Pool Attendants	40,754	-	-		-	-	-	-	-	-	-	-	-	-	-	
Refuse Service	7,200	716	716		716	815	815	815	815	-	-	-	-	-	5,406	
Security	25,000	787	599		672	895	895	1,000	815	-	-	-	-	-	5,663	
Utilities	55,000	3,135	4,116		3,160	4,248	5,207	4,294	783	-	24,942	
Recreation Passes	1,000	-	-		-	-	-	-	-	-	-	-	-	-	-	
Repairs & Maintenance	40,000	8,484	2,052		2,018	3,694	5,306	1,281	335	-	23,170	
Janitorial	14,694	1,225	1,225		1,225	1,225	1,225	1,225	1,225	-	-	-	-	-	8,572	
Pool Maintenance	15,627	2,202	2,402		1,334	1,820	-	917	1,302	-	-	-	-	-	9,977	
Special Events	8,000	599	268		400	1,034	670	332	102	-	-	-	-	-	3,405	
Operating Supplies	10,000	6,614	480		(1,606)	351	371	617	-	-	-	-	-	-	6,826	
Pool Chemicals	15,000	898	-		611	148	759	1,224	552	-	-	-	-	-	4,191	
Permit	475	-	-		-	-	-	-	-	-	-	-	-	-	-	
Insurance	41,665	34,011	-		-	-	-	-	-	-	34,011	
Capital Outlay	-	5,025	-		5,980	-	-	-	-	-	11,005	
Subtotal Amenity Expenditures	$  358,983	$	70,652  $	18,680	$	20,618	$	20,119	$	21,409  $	18,031  $	11,559  $	- $	- $	- $	- $	- $  181,069	
											
Total Operations & Maintenance	$  588,564	$  101,916 $	32,433	$	36,722	$	33,180	$	33,150  $	32,515  $	27,709  $	- $	- $	- $	- $	- $  297,624	
											
Total Expenditures	$  729,798	$  128,198 $	46,469	$	42,816	$	48,217	$	42,094  $	43,789  $	34,739  $	- $	- $	- $	- $	- $  386,321	

-

Excess (Deficiency) of Revenues over Expenditures	$   188,062  $  (127,556) $	31,701	$  720,639  $	25,686	$	(41,893) $	(43,789) $	(31,086) $	- $	-	$	-	$	- $	- $  533,703	

Other Financing Sources/Uses:

Transfer In/(Out)	

$  (188,062) $	- $	

-	

$  (188,062) $	-	

$	- $	

- $	

- $	

- $	- $	- $	- $	- $  (188,062)	
Total Other Financing Sources/Uses	$  (188,062) $	- $	-	$  (188,062) $	-	$	- $	- $	- $	- $	- $	- $	- $	- $  (188,062)	
										
Net Change in Fund Balance	$	0  $  (127,556) $	31,701	$  532,577 $	25,686	$	(41,893) $	(43,789) $	(31,086) $	- $	- $	- $	- $	- $  345,641	

	Series 2015 A-1 Capital Improvement Refunding Bonds		
Original Issue Amount:	$2,500,000		
Interest Rate:	5.45%		
Maturity Date:	5/1/2037		
Bonds Outstanding -12/10/2015		$2,500,000	
Less: Principal Payment - 5/1/16		($65,000)	
Less: Special Call- 8/1/16		($30,000)	
Less: Special Call - 11/1/16		($130,000)	
Less: Special Call - 2/1/17		($10,000)	
Less: Special Call - 5/1/17		($60,000)	
Less: Principal Payment - 5/1/17		($65,000)	
Less: Special Call - 8/1/17		($30,000)	
Less: Principal Payment - 5/1/18		($60,000)	
Less: Special Call - 11/1/18		($5,000)	
Less: Principal Payment - 5/1/19		($65,000)	
Less: Special Call - 11/1/19		($5,000)	
Less: Principal Payment - 5/1/20		($70,000)	
Less: Special Call - 8/1/20		($5,000)	
Less: Principal Payment - 5/1/21		($70,000)	
Less: Principal Payment - 5/1/22		($90,000)	
Less: Principal Payment - 5/1/23		($80,000)	
Less: Special Call - 11/1/23		($5,000)	
Current Bonds Outstanding		$1,655,000	

	Series 2015 A-2 Capital Improvement Refunding Bonds		
Original Issue Amount:	$1,930,000		
Interest Rate:	5.44%		
Maturity Date:	5/1/2037		
Bonds Outstanding -12/10/2015		$1,930,000	
Less: Principal Payment - 5/1/17		($50,000)	
Less: Special Call - 2/1/18		($5,000)	
Less: Principal Payment - 5/1/18		($55,000)	
Less: Special Call - 5/1/18		($170,000)	
Less: Principal Payment - 5/1/19		($45,000)	
Less: Special Call - 11/1/19		($5,000)	
Less: Principal Payment - 5/1/20		($55,000)	
Less: Principal Payment - 5/1/21		($50,000)	
Less: Special Call - 5/1/21		($5,000)	
Less: Principal Payment - 5/1/22		($60,000)	
Less: Principal Payment - 5/1/23		($55,000)	
Less: Special Call - 5/1/23		($5,000)	
Less: Special Call - 11/1/23		($5,000)	
Current Bonds Outstanding		$1,365,000	

Series 2015 A-3 Capital Improvement Refunding Bonds		
Original Issue Amount:	$3,850,000		
Interest Rate:	6.70%		
Maturity Date:	5/1/2037		
Bonds Outstanding -12/10/2015	$3,850,000	
Less: Principal Payment - 5/1/17	($85,000)	
Less: Principal Payment - 5/1/18	($90,000)	
Less: Principal Payment - 5/1/19	($100,000)	
Less: Principal Payment - 5/1/20	Tapped into Reserves	($105,000)	
Less: Refunded with Series 2020 - 10/20/20	($1,100,000)	
Less: Principal Payment - 5/1/21	($75,000)	
Less: Special Call - 11/1/21	($5,000)	
Less: Srefunded with Series 2022- 2/1/22	($1,890,000)	
Less: Principal Payment - 5/1/22	($20,000)	
Less: Principal Payment - 5/1/23	($15,000)	
Current Bonds Outstanding	$365,000	

	Series 2020 A-1 Capital Improvement Refunding Bonds		
Original Issue Amount:	$2,625,000		
Reserve Fund Requirement:	100% of MADS		
Interest Rate:	3.375%	$235,000.00	
Maturity Date:	May 1, 2025		
Interest Rate:	3.875%	$285,000.00	
Maturity Date:	May 1, 2030		
Interest Rate:	4.625%	$805,000.00	
Maturity Date:	May 1, 2040		
Interest Rate:	4.875%	$1,300,000.00	
Maturity Date:	May 1, 2050		
Bonds outstanding -  10/20/2020		$2,625,000	
Less: Principal Payment - 5/1/21		($40,000)	
Less: Principal Payment - 5/1/22		($45,000)	
Less: Principal Payment - 5/1/23		($50,000)	
Current Bonds Outstanding:		$2,490,000	

	Series 2020 A-2 Capital Improvement Refunding Bonds		
Original Issue Amount:	$1,840,000		
Reserve Fund Requirement:	100% of Annual Interest		
Interest Rate:	4.75%		
Maturity Date:	May 1, 2030		
Bonds outstanding -  10/20/2020		$1,840,000	
Less: Principal Payment - 5/1/22		($425,000)	
Less: Principal Payment - 8/1/23		($25,000)	
Less: Principal Payment - 11/1/23		($180,000)	
Less: Principal Payment - 2/1/24		($10,000)	
Current Bonds Outstanding:		$1,390,000	

	Series 2022 A-1 Capital Improvement Refunding Bonds		
Original Issue Amount:	$6,130,000		
Reserve Fund Requirement:	100% of Annual Interest		
Interest Rate:	3.125%	$625,000.00	
Maturity Date:	May 1, 2027		
Interest Rate:	3.400%	$725,000.00	
Maturity Date:	May 1, 2032		
Interest Rate:	3.750%	$1,935,000.00	
Maturity Date:	May 1, 2042		
Interest Rate:	4.000%	$2,845,000.00	
Maturity Date:	May 1, 2052		
Bonds outstanding -  2/28/2022		$6,130,000	
Less: Principal Payment - 5/1/23		($115,000)	
Current Bonds Outstanding:		$6,015,000	

Series 2022 A-2 Capital Improvement Revenue and Refunding Bonds	
Original Issue Amount: Reserve Fund Requirement:	$4,740,000
100% of Annual Interest		
Interest Rate: Maturity Date:	3.650%
May 1, 2032		

Bonds outstanding - 2/28/2022 Less: Principal Payment - 5/1/24		
$4,740,000	
Current Bonds Outstanding:		$4,740,000	

Rolling Hills
Community Development District
Series 2020 A-1/A-2 Capital Improvement Refunding Bonds

1. Recap of Capital Project Fund Activity Through April 30, 2024
Opening Balance in Construction Account - Series 2020	
$3,229,153.47	
Source of Funds:	Interest Earned on Series 2020	$7,627.60	
Developer Contributions/Add'l Revenue	$2,708,812.70	
Use of Funds: Disbursements:
Cost of Issuance	

($261,400.63)	
Ponds	$0.00	
Roads	($3,029,936.97)	
Drainage	($1,139,895.78)	
Sanitary Sewer	($465,003.43)	
Lift Stations & Force Mains	$0.00	
Contingency	($66,170.24)	
Professional Fees	($531,240.60)	
Adjusted Balance in Construction Account at April 30, 2024		$451,946.11 	

2. Funds Available For Construction at April 30, 2024
Book Balance of Construction Fund at April 30, 2024	$451,946.11 Contracts in place at April 30, 2024

3. Investments - US Bank		
April 30, 2024 Construction Fund:	Type
Overnight	Yield	Maturity	Principal
$451,946.11	
			Due fom Developer	$0.00	
ADJ: Outstanding Requisitions 	$0.00 
	$451,946.11 

REQ. #	

CONTRACTOR	

AMOUNT OF REQUISITION	

COI	

Fixed Assets	

Ponds		

Roads	

Drainage	

Sanitary Sewer	
Lift Stations & Force Mains	

Water	
Misc.
Professional Fees	
COI	Nabors Giblin	$40,000.00	$40,000.00									
COI	Holland & Knight	$6,500.00	$6,500.00									
COI	Bryant Miller Olive	$35,000.00	$35,000.00									
COI	GMS, LLC	$28,500.00	$28,500.00									
COI	Hopping Green Sams	$42,500.00	$42,500.00									
COI	US Bank	$5,925.00	$5,925.00									
COI	Underwriters Disc	$89,300.00	$89,300.00									
COI	Imagemaster	$1,500.00	$1,500.00									
COI	Greenberg Traurig	$8,439.65	$8,439.65									
COI	Hadden Engineering	$3,735.98	$3,735.98									
1	Waltham Development	$150,406.12		$150,406.12							$150,406.12	
2	Hadden Engineering	$1,264.02		$1,264.02							$1,264.02	
3	Hadden Engineering	$2,775.00		$2,775.00							$2,775.00	
4	Hadden Engineering	$5,962.54		$5,962.54							$5,962.54	
5	Vallencourt Construction	$69,671.01		$69,671.01		$69,671.01					$0.00	
6	Vallencourt Construction	$70,535.88		$70,535.88		$70,535.88						
7	Vallencourt Construction	$81,858.21		$81,858.21		$81,858.21						
8	Core & Main	$76,679.06		$76,679.06			$37,277.60	$39,401.46				
9	Core & Main	$26,453.36		$26,453.36			$18,722.00	$7,731.36				
10	ETM	$3,858.54		$3,858.54							$3,858.54	
11	Hadden Engineering	$2,625.00		$2,625.00							$2,625.00	
12	Hadden Engineering	$8,500.00		$8,500.00							$8,500.00	
13	Hadden Engineering	$1,100.00		$1,100.00							$1,100.00	
14												
15	Vallencourt Construction	$71,034.85		$71,034.85		$71,034.85						
16	Eiland & Assoc	$2,650.00		$2,650.00							$2,650.00	
17	ETM	$3,858.55		$3,858.55							$3,858.55	
18	Hadden Engineering	$7,365.93		$7,365.93							$7,365.93	
19	Hadden Engineering	$3,858.55		$3,858.55							$3,858.55	
20	Vallencourt Construction	$214,965.97		$214,965.97		$214,965.97						
21	Hadden Engineering	$6,322.85		$6,322.85							$6,322.85	
22	Hadden Engineering	$4,625.00		$4,625.00							$4,625.00	
23	Forterra Pipe & Precast	$7,288.96		$7,288.96			$7,288.96					
24	Forterra Pipe & Precast	$22,644.85		$22,644.85			$22,644.85					
25	Forterra Pipe & Precast	$19,022.15		$19,022.15			$19,022.15					
26	Forterra Pipe & Precast	$108,803.79		$108,803.79			$108,803.79					
27	Forterra Pipe & Precast	$5,337.60		$5,337.60			$5,337.60					
28	Core & Main	$1,756.80		$1,756.80			$1,756.80					
29	ETM	$3,858.54		$3,858.54							$3,858.54	
30	Hadden Engineering	$2,625.00		$2,625.00							$2,625.00	
31	Forterra Pipe & Precast	$34,155.59		$34,155.59			$34,155.59					
32	Vallencourt Construction	$108,554.98		$108,554.98		$108,554.98						
33	Forterra Pipe & Precast	$3,758.40		$3,758.40			$3,758.40					
34	Forterra Pipe & Precast	$6,732.00		$6,732.00			$6,732.00					
35	ETM	$5,401.96		$5,401.96							$5,401.96	
36	GMS, LLC	$3,500.00		$3,500.00							$3,500.00	
37	Forterra Pipe & Precast	$3,366.00		$3,366.00			$3,366.00					
38	Vallencourt Construction	$148,443.86		$148,443.86		$85,456.01	$62,987.85					
39	Hadden Engineering	$2,937.40		$2,937.40							$2,937.40	
40	Rolling Hills CDD	$991.50		$991.50							$991.50	
41	Hopping, Green & Sams	$1,159.00		$1,159.00							$1,159.00	
42	Vallencourt Construction	$273,722.20		$273,722.20		$157,416.53	$90,690.77	$25,614.90				
43	ETM	$6,945.38		$6,945.38							$6,945.38	
44	Hadden Engineering	$3,187.50		$3,187.50							$3,187.50	
45	Forterra Pipe & Precast	$67,782.24		$67,782.24			$67,782.24					
46	Forterra Pipe & Precast	$32,192.37		$32,192.37			$32,192.37					
47	Hopping Green Sams	$743.50		$743.50							$743.50	
48	Forterra Pipe & Precast	$21,251.78		$21,251.78			$21,251.78					
49	ETM	$6,173.67		$6,173.67							$6,173.67	
50	Forterra Pipe & Precast	$7,076.51		$7,076.51			$7,076.51					
51	Hadden Engineering	$4,770.00		$4,770.00							$4,770.00	
52	Vallencourt Construction	$101,680.10		$101,680.10		$50,450.30		$51,229.80				
53	Forterra Pipe & Precast	$2,467.79		$2,467.79			$2,467.79					
54	Hadden Engineering	$4,264.46		$4,264.46							$4,264.46	
55	ETM	$4,630.26		$4,630.26							$4,630.26	
56	Vallencourt Construction	$129,489.76		$129,489.76		$69,904.70		$59,585.07				
57	Vallencourt Construction	$280,044.77		$280,044.77	Page	2	$143,116.45	$136,928.32					
58	Hadden Engineering	$3,062.50		$3,062.50							$3,062.50	
59	ETM	$7,717.08		$7,717.08							$7,717.08	

60	Forterra Pipe & Precast	$56,155.08		$56,155.08			$56,155.08					
61	ETM	$6,814.96		$6,814.96							$6,814.96	
62	Hadden Engineering	$2,537.50		$2,537.50							$2,537.50	
63	Vallencourt Construction	$262,641.40		$262,641.40			$262,641.40					
64	Forterra Pipe & Precast	$3,754.21		$3,754.21			$3,754.21					
65	Hadden Engineering	$3,010.00		$3,010.00							$3,010.00	
66	ETM	$3,217.26		$3,217.26							$3,217.26	
67	Vallencourt Construction	$238,727.08		$238,727.08			$101,626.22	$137,100.86				
68	Hadden Engineering	$1,550.00		$1,550.00							$1,550.00	
69	ETM	$5,401.96		$5,401.96							$5,401.96	
70	Vallencourt Construction	$114,000.00		$114,000.00			$20,520.00	$37,650.00		$55,830.00		
71	GMS, LLC	$3,500.00		$3,500.00							$3,500.00	
72	Vallencourt Construction	$224,014.68		$224,014.68		$58,587.75		$99,716.85			$65,710.08	
73	Tree Amigos	$1,155.00		$1,155.00			$1,155.00				$0.00	
74	GP Materials	$9,964.80		$9,964.80		$9,964.80						
75	GP Materials	$4,181.34		$4,181.34		$4,181.34						
76	Vallencourt Construction	$21,113.88		$21,113.88			$3,800.50	$6,973.14		$10,340.24		
77	ETM	$11,575.63		$11,575.63							$11,575.63	
78	Hadden Engineering	$3,375.00		$3,375.00							$3,375.00	
79	ETM	$5,740.60		$5,740.60							$5,740.60	
80	Eiland & Assoc	$1,475.00		$1,475.00							$1,475.00	
81	GP Materials	$1,583.76		$1,583.76		$1,583.76						
82	Hadden Engineering	$5,690.88		$5,690.88							$5,690.88	
83	Vallencourt Construction	$136,354.30		$136,354.30		$136,354.30						
84	GP Materials	$345.42		$345.42		$345.42						
85	ETM	$3,605.32		$3,605.32							$3,605.32	
86	Hadden Engineering	$12,267.61		$12,267.61							$12,267.61	
87	Eiland & Assoc	$1,867.50		$1,867.50							$1,867.50	
88	ETM	$2,659.69		$2,659.69							$2,659.69	
89	ETM	$3,753.91		$3,753.91							$3,753.91	
90	Hadden Engineering	$14,399.62		$14,399.62							$14,399.62	
91	Vallencourt Construction	$583,538.88		$583,538.88		$583,538.88						
92	ETM	$4,208.69		$4,208.69							$4,208.69	
93	GP Materials	$1,206.00		$1,206.00		$1,206.00						
94	Prichett Trucking	$21,356.62		$21,356.62		$21,356.62						
95	ETM	$11,144.75		$11,144.75							$11,144.75	
96	Hadden Engineering	$15,623.20		$15,623.20							$15,623.20	
97	Vallencourt Construction	$194,944.16		$194,944.16		$194,944.16						
98	ETM	$4,312.43		$4,312.43							$4,312.43	
99	Hadden Engineering	$13,918.50		$13,918.50							$13,918.50	
100	Vallencourt Construction	$476,058.41		$476,058.41		$476,058.41						
101	Hadden Engineering	$6,500.00		$6,500.00							$6,500.00	
102	ETM	$2,240.34		$2,240.34							$2,240.34	
103	Vallencourt Construction	$418,850.65		$418,850.65		$418,850.65						
104	ETM	$2,504.72		$2,504.72							$2,504.72	
105	Hadden Engineering	$12,725.00		$12,725.00							$12,725.00	
107	ETM	$3,463.60		$3,463.60							$3,463.60	
108	Hadden Engineering	$20,132.00		$20,132.00							$20,132.00	
109	Hadden Engineering	$9,175.00		$9,175.00							$9,175.00	

												
Grand Total	$5,493,647.66	$261,400.63	$5,232,247.03	$0.00	$3,029,936.97	$1,139,895.78	$465,003.43	$0.00	$66,170.24	$531,240.60	

SUMMARY:			INT REC'D	ACQ	COI	INT REC'D	ACQ	INT REC'D	ACQ	
BOND PROCEEDS	$3,229,153.47		Oct-20	$0.00	$0.00	Oct-21	$4.75	Oct-22	$7.15	
DEVELOPER CONTRIBUTIONS	$1,155.00		Nov-20	$4.87	$0.03	Nov-21	$4.47	Nov-22	$0.02	
REFUND: FORTERRA PIPE	$19,052.15		Dec-20	$12.16	$0.05	Dec-21	$3.04	Dec-22	$0.02	
DEVELOPER DEFICIT FUNDING	$2,688,605.55		Jan-21	$12.57	$0.01	Jan-22	$1.92	Jan-23	$0.02	
INT REC'D TO DATE	$7,627.60		Feb-21	$12.25	$0.00	Feb-22	$0.91	Feb-23	$39.47	
TRANS FROM DEBT SERVICE	$0.00		Mar-21	$10.45	$0.00	Mar-22	$0.46	Mar-23	$5.05	
LESS: REQ. PAID	($5,493,647.66)		Apr-21	$10.46	$0.00	Apr-22	$0.15	Apr-23	$27.25	
BALANCE	$451,946.11		May-21	$9.87	$0.01	May-22	$0.14	May-23	$20.52	
			Jun-21	$9.14	$0.01	Jun-22	$0.00	Jun-23	$0.33	
			Jul-21	$7.83	$0.00	Jul-22	$0.15	Jul-23	$21.07	
			Aug-21	$7.08	$0.00	Aug-22	$0.00	Aug-23	$71.78	
			Sep-21	$5.44	$0.00	Sep-22	$5.46	Sep-23	$0.88	
				$102.12	$0.11		$21.45		$193.56	
			INT REC'D	ACQ						

RECONCILIATION TRUST STATEMENT O/S REQ.
ADJ BALANCE
VARIANCE	
$451,946.11
$0.00
$451,946.11	
	$0.00	

Page 3

Rolling Hills
Community Development District
Series 2022 Capital Improvement Refunding Bonds

1. Recap of Capital Project Fund Activity Through April 30, 2024
Opening Balance in Construction Account - Series 2022	
$8,120,629.89	
Source of Funds:	Interest Earned on Series 2022	$27,639.86	
Developer Contributions/Add'l Revenue	$1,425,955.27	
Use of Funds: Disbursements:
Cost of Issuance	

($399,765.90)	
Clearing & Earthwork	($466,972.55)	
Pond/Erosion & Sediment	($397,662.03)	
Demo/Mobilization & Site Prep	($1,577,182.59)	
Drainage	($1,870,164.52)	
Roads	($1,769,887.36)	
Water/Reclaim & Wastewater	($2,958,737.39)	
Professional Fees	($133,407.28)	
Adjusted Balance in Construction Account at April 30, 2024		$445.40 	

 Funds Available For Construction at April 30, 2024
Book Balance of Construction Fund at April 30, 2024	$445.40 Contracts in place at April 30, 2024

 Investments - US Bank
April 30, 2024	Type	Yield	Maturity	Principal Construction Fund:	Overnight				$445.40
ADJ: Outstanding Requisitions 	$0.00 
	$445.40 

Page 1

REQ. #	

CONTRACTOR	

AMOUNT OF REQUISITION	

COI	

Fixed Assets	

Clearing & Earthwork	

Pond/Erosion & Sediment	

Demo/Mobilization & Site Prep	

Drainage	

Roads	

Water/Reclaim & Wastewater	
Misc.
Professional Fees	
COI	Nabors Giblin	$40,000.00	$40,000.00									
COI	Holland & Knight	$6,500.00	$6,500.00									
COI	Bryant Miller Olive	$35,000.00	$35,000.00									
COI	GMS, LLC	$33,500.00	$33,500.00									
COI	Hopping Green Sams	$12,468.50	$12,468.50									
COI	Causey Demgen & Moore	$2,000.00	$2,000.00									
COI	Underwriters Disc	$216,626.40	$216,626.40									
COI	Imagemaster	$1,750.00	$1,750.00									
COI	Kutak Rock LLP	$30,811.00	$30,811.00									
COI	Alliant Engineering	$12,500.00	$12,500.00									
COI	US Bank	$6,475.00	$6,475.00									
COI	Alliant Engineering	$1,067.50	$1,067.50									
1	Pipeline Constructors	$292,884.62		$292,884.62	$47,775.12	$12,739.50	$111,625.00				$120,745.00	
2	Kutak Rock LLP	$941.00		$941.00							$941.00	
3	Alliant Engineering	$1,067.50	$1,067.50	$0.00								
4	Pipeline Constructors	$407,082.01		$407,082.01		$66,775.50	$343,595.86				($3,289.35)	
5	Fortiline Inc	$70,207.80		$70,207.80				$70,207.80				
6	Kutak Rock LLP	$1,480.00		$1,480.00							$1,480.00	
7	Fortiline Inc	$83,559.20		$83,559.20				$83,559.20				
8	Fortiline Inc	$43,668.00		$43,668.00				$43,668.00				
9	American Precast	$10,174.00		$10,174.00						$10,174.00		
10	Fortiline Inc	$15,689.00		$15,689.00						$15,689.00		
11	Alliant Engineering	$370.00		$370.00							$370.00	
12	American Precast	$8,636.00		$8,636.00						$8,636.00		
13	Fortiline Inc	$85,578.46		$85,578.46						$85,578.46		
14	American Precast	$13,584.00		$13,584.00						$13,584.00		
15	Fortiline Inc	$87,906.00		$87,906.00						$87,906.00		
16	Kutak Rock LLP	$1,419.00		$1,419.00							$1,419.00	
17	Pipeline Constructors	$476,249.49		$476,249.49			$476,249.49					
18	American Precast	$12,698.00		$12,698.00					$12,698.00			
19	Fortiline Inc	$50,096.40		$50,096.40						$50,096.40		
20	American Precast	$23,625.00		$23,625.00				$23,625.00				
21	Fortiline Inc	$8,008.00		$8,008.00						$8,008.00		
22	Alliant Engineering	$2,518.79		$2,518.79							$2,518.79	
23	American Precast	$25,313.00		$25,313.00					$25,313.00			
24	Fortiline Inc	$224,559.75		$224,559.75				$224,559.75				
25	American Precast	$11,066.00		$11,066.00					$11,066.00			
26	Fortiline Inc	$132,866.02		$132,866.02						$132,866.02		
27	Central Florida Engineering	$8,195.72		$8,195.72			$8,195.72					
28	Pipeline Constructors	$649,622.44		$649,622.44			$364,141.28	$138,999.70		$146,481.46	$0.00	
29	Fortiline Inc	$251,673.97		$251,673.97				$0.00		$251,673.97		
30	Kutak Rock LLP	$1,415.00		$1,415.00							$1,415.00	
31	Alliant Engineering	$1,072.50		$1,072.50							$1,072.50	
32	American Precast	$22,901.00		$22,901.00					$22,901.00			
33	Fortiline Inc	$247,956.98		$247,956.98						$247,956.98		
34	American Precast	$17,774.00		$17,774.00						$17,774.00		
35	Central Florida Engineering	$2,239.25		$2,239.25			$2,239.25					
36	American Precast	$49,057.00		$49,057.00						$49,057.00		
37	Kutak Rock LLP	$116.50		$116.50							$116.50	
38	Pipeline Constructors	$281,370.17		$281,370.17	$73,464.32	$21,553.87	$4,329.38	$140,913.34		$40,200.55	$908.71	
39	American Precast	$25,630.00		$25,630.00					$25,630.00			
40	Fortiline Inc	$2,680.60		$2,680.60						$2,680.60		
41	Fortiline Inc	$3,275.36		$3,275.36						$3,275.36		
42	Fortiline Inc	$110,274.27		$110,274.27						$110,274.27		
43	American Precast	$25,047.00		$25,047.00				$25,047.00				
44	Central Florida Engineering	$1,489.63		$1,489.63			$1,489.63					
45	American Precast	$6,763.00		$6,763.00						$6,763.00		
46	Pipeline Constructors	$194,510.83		$194,510.83			$2,300.00	$58,922.00		$133,288.83		
47	Fortiline Inc	$27,645.59		$27,645.59						$27,645.59		
48	Alliant Engineering	$3,357.50		$3,357.50							$3,357.50	
49	Fortiline Inc	$12,594.79		$12,594.79						$12,594.79		
50	Central Florida Engineering	$32,034.58		$32,034.58			$32,034.58					
51	Pipeline Constructors	$247,722.56		$247,722.56	$5,318.30		$147,638.00	$27,957.03		$66,809.23		
52	Fortiline Inc	$32,237.77		$32,237.77						$32,237.77		
53	Central Florida Engineering	$366.55		$366.55			$366.55					
54	Alliant Engineering	$2,246.25		$2,246.25							$2,246.25	
55	Pipeline Constructors	$265,411.62		$265,411.62	$2,659.15	$2,400.00	$1,050.00			$257,502.47	$1,800.00	
56	Fortiline Inc	$27,241.83		$27,241.83						$27,241.83		
57	Alliant Engineering	$975.00		$975.00							$975.00	
58	Fortiline Inc	$14,616.47		$14,616.47						$14,616.47		
59	Central Florida Engineering	$14,012.67		$14,012.67			$14,012.67					
60	Fortiline Inc	$36,991.68		$36,991.68						$36,991.68		
61	Alliant Engineering	$780.00		$780.00							$780.00	
62	Pipeline Constructors	$144,789.67		$144,789.67	$19,298.23	$1,709.28	$6,961.76	$71,433.02	$13,365.56	$30,733.20	$1,288.62	
63	American Precast	$13,020.00		$13,020.00					$13,020.00			
64	Central Florida Engineering	$22,558.24		$22,558.24			$22,558.24					
65	Fortiline Inc	$5,522.00		$5,522.00						$5,522.00		
66	Pipeline Constructors	$629,822.54		$629,822.54	$120,581.81	$140,985.00	$8,555.63	$49,768.64	$139,198.15	$168,891.47	$1,841.85	
67	Central Florida Engineering	$11,273.28		$11,273.28			$11,273.28					
68	Fortiline Inc	$1,523.32		$1,523.32						$1,523.32		
69	Consolidated Electric	$39,410.12		$39,410.12				$39,410.12		$0.00		
70	GMS, LLC	$3,500.00		$3,500.00							$3,500.00	
71	Consolidated Electric	$151,803.60		$151,803.60				$151,803.60				
72	Alliant Engineering	$1,170.00		$1,170.00							$1,170.00	
73	Central Florida Engineering	$8,432.13		$8,432.13			$8,432.13					
74	Fortiline Inc	$19,559.35		$19,559.35						$19,559.35		
75	Pipeline Constructors	$472,209.14		$472,209.14	$66,265.38	$26,935.66	$3,973.97	$17,529.78	$43,813.65	$312,122.78	$1,567.93	
76	Central Florida Engineering	$175.18		$175.18			$175.18					
77	Fortiline Inc	$20,048.20		$20,048.20						$20,048.20		
78	Consolidated Electric	$5,266.81		$5,266.81				$5,266.81				
79	Consolidated Electric	$11,062.35		$11,062.35				$11,062.35				
80	Alliant Engineering	$1,072.50		$1,072.50							$1,072.50	
81	Pipeline Constructors	$547,857.15		$547,857.15	$26,296.38	$110,352.00	$5,985.00	$20,063.11	$347,277.94	$72,891.04	($35,008.33)	
82	Fortiline Inc	$10,040.93		$10,040.93						$10,040.93		
83	Alliant Engineering	$585.00		$585.00							$585.00	
84	Adkins Electric	$88,650.00		$88,650.00					$88,650.00			
85	Pipeline Constructors	$347,345.41		$347,345.41		$12,423.23		$33,321.01	$182,484.30	$95,150.44	$23,966.43	
86	Alliant Engineering	$1,072.50		$1,072.50							$1,072.50	
87	Consolidated Electric	$26,348.00		$26,348.00				$26,348.00				
88	Fortiline Inc	$5,426.19		$5,426.19						$5,426.19		
89	Central Florida Aggregate Ma	$4,994.82		$4,994.82					$4,994.82			

RECONCILIATION TRUST STATEMENT O/S REQ.
ADJ BALANCE
VARIANCE	
$445.40
$0.00
$445.40	
	$0.00	

90	Fortiline Inc	$15,936.20		$15,936.20						$15,936.20		
91	Pipeline Constructors	$365,085.45		$365,085.45	$61,764.63	$1,140.00		$16,173.75	$254,747.82	$40,997.21	($9,737.96)	
92	Adkins Electric	$88,650.00		$88,650.00					$88,650.00			
93	Alliant Engineering	$1,332.50		$1,332.50							$1,332.50	
94	Fortiline Inc	$17,886.07		$17,886.07						$17,886.07		
95	Pipeline Constructors	$119,723.39		$119,723.39	$5,276.25	$648.00		$78,700.50	$5,618.25	$28,603.80	$876.59	
96	Alliant Engineering	$666.25		$666.25							$666.25	
97	Pipeline Constructors	$92,516.23		$92,516.23	$38,272.98			$16,838.00		$37,405.25		
98	Fortiline Inc	$18,483.67		$18,483.67						$18,483.67		
99	Alliant Engineering	$922.50		$922.50							$922.50	
100	Fortiline Inc	$67,090.03		$67,090.03						$67,090.03		
101	Alliant Engineering	$615.00		$615.00							$615.00	
102	Pipeline Constructors	$494,987.01		$494,987.01				$494,987.01				
103	Alliant Engineering	$205.00		$205.00							$205.00	
104	Fortiline Inc	$87,498.58		$87,498.58						$87,498.58		
105	Fortiline Inc	$5,323.92		$5,232.92						$5,323.92		
106	Alliant Engineering	$615.00		$615.00							$615.00	
107	Pipeline Constructors
Pipeline Constructors	$164,472.12		$164,472.12					$164,472.12			
109		$325,986.75		$325,986.75					$325,986.75			

Grand Total	$9,573,779.62	$399,765.90	$9,173,922.72	$466,972.55	$397,662.03	$1,577,182.59	$1,870,164.52	$1,769,887.36	$2,958,737.39	$133,407.28	

SUMMARY:		INT REC'D	ACQ	COI	INT REC'D	ACQ	INT REC'D	ACQ	
BOND PROCEEDS	$8,120,629.89		Oct-21	$0.00	$0.00	Oct-22	$4,224.44	Oct-23	$39.83	
DEVELOPER CONTRIBUTIONS	$1,422,405.95		Nov-21	$0.00	$0.00	Nov-22	$4,801.11	Nov-23	$51.49	
REFUND: ALLIANT ENG	$1,067.50		Dec-21	$0.00	$0.00	Dec-22	$4,863.62	Dec-23	$1.69	
TRANS FROM DEBT SERVICE	$2,481.82		Jan-22	$0.00	$0.00	Jan-23	$4,137.30	Jan-24	$1.76	
INT REC'D TO DATE	$27,639.86		Feb-22	$0.00	$0.00	Feb-23	$3,342.85	Feb-24	$1.75	
TRANS FROM DEBT SERVICE	$0.00		Mar-22	$19.03	$0.06	Mar-23	$1,841.52	Mar-24	$48.40	
LESS: REQ. PAID	($9,573,779.62)		Apr-22	$31.81	$0.02	Apr-23	$1,220.83	Apr-24	$2.15	
BALANCE	$445.40		May-22	$28.21	$0.02	May-23	$193.70	May-24	$0.00	
		Jun-22	$25.49	$0.02	Jun-23	$155.18	Jun-24	$0.00	
		Jul-22	$19.58	$0.02	Jul-23	$57.02	Jul-24	$0.00	
		Aug-22	$17.42	$0.02	Aug-23	$12.37	Aug-24	$0.00	
		Sep-22	$2,427.48	$0.01	Sep-23	$73.66	Sep-24	$0.00	
			$2,569.02	$0.17		$24,923.60		$147.07	

Page 3

B.

ROLLING HILLS COMMUNITY DEVELOPMENT DISTRICT	
Fiscal Year 2024 Assessments Receipts Summary	

ASSESSED	# O&M UNITS
ASSESSED	SERIES 2015A-1
DEBT ASSESSED	SERIES 2015A-2
DEBT ASSESSED	SERIES 2015A-3
DEBT ASSESSED	SERIES 2020A-1
DEBT ASSESSED	SERIES 2022A-1
DEBT ASSESSED	FY24 O&M
ASSESSED	
TOTAL ASSESSED	
WALTHAM DEV	92			-	109,858.09		109,821.32	219,679.41	
TOTAL DIRECT INVOICES (1) (2)	92	-	-	-	109,858.09	-	109,821.32	219,679.41	
ASSESSED REVENUE TAX ROLL	669	172,800.58	136,800.46	40,698.47	56,123.18	348,112.12	798,589.31	1,553,124.11	
TOTAL ASSESSED	761	172,800.58	136,800.46	40,698.47	165,981.27	348,112.12	908,410.63	1,772,803.52	

DUE / RECEIVED	
BALANCE DUE	SERIES 2015A-1
DEBT RECEIVED	SERIES 2015A-2
DEBT RECEIVED	SERIES 2015A-3
DEBT RECEIVED	SERIES 2020A-1
DEBT RECEIVED	SERIES 2022A-1
DEBT RECEIVED	
O&M RECEIVED	
TOTAL RECEIVED	
WALTHAM DEV	63,159.23				74,154.18		82,366.00	156,520.18	
TOTAL DIRECT RECEIVED	63,159.23	-	-	-	74,154.18	-	82,366.00	156,520.18	
TAX ROLL DUE / RECEIVED	(2,129.34)	173,037.48	136,988.01	40,754.26	56,200.12	348,589.38	799,684.19	1,555,253.45	
TOTAL DUE / RECEIVED	61,029.89	173,037.48	136,988.01	40,754.26	130,354.30	348,589.38	882,050.19	1,711,773.63	

(1) D/S Direct Assessments are due: 35% due 12/1/23, 4/1/24 and 30% due 9/1/24	
(2) O&M is due 25% by 10/1/23, 1/1/24, 4/1/242, 7/1/24	
(3) Series 2020A-2 and 2022A-2 Bonds are to be paid off at closing and are invoiced semi-annually for remaining interest due	

SUMMARY OF TAX ROLL RECEIPTS	

CLAY COUNTY DISTRIBUTION	
DATE RECEIVED	SERIES 2015A-1
DEBT RECEIVED	SERIES 2015A-2
DEBT RECEIVED	SERIES 2015A-3
DEBT RECEIVED	SERIES 2020A-1
DEBT RECEIVED	SERIES 2022A-1
DEBT RECEIVED	
O&M RECEIVED	
TOTAL RECEIVED	
1	11/6/2023	78.01	61.76	18.37	25.34	157.16	360.55	701.19	
2	11/14/2023	2,881.60	2,281.27	678.68	935.90	5,805.08	13,317.18	25,899.71	
3	11/28/2023	12,615.48	9,987.25	2,971.23	4,097.33	25,414.27	58,301.82	113,387.38	
4	12/12/2023	154,079.61	121,979.69	36,289.25	50,042.88	310,398.15	712,071.31	1,384,860.89	
5	12/22/2023	1,239.81	981.51	292.00	402.67	2,497.63	5,729.71	11,143.34	
6	1/10/2024	632.72	500.91	149.02	205.50	1,274.64	2,924.10	5,686.89	
7	2/5/2024	-	-	-	-	-	-	-	
8	3/18/2024	-	-	-	-	-	-	-	
9	4/9/2024	652.29	516.40	153.63	211.85	1,314.06	3,014.52	5,862.75	
10	5/7/2024	857.96	679.22	202.07	278.65	1,728.39	3,965.01	7,711.30	
		-	-	-	-	-	-		
		-	-	-	-	-	-		
		-	-	-	-	-	-		
		-	-	-	-	-	-		
		-	-	-	-	-	-		
		-	-	-	-	-	-		
		-	-	-	-	-	-		
TOTAL RECEIVED TAX ROLL	173,037.48	136,988.01	40,754.26	56,200.12	348,589.38	799,684.19	1,555,253.45	

PERCENT COLLECTED	2015A-1	2015A-2	2015A-3	2020	2022	O&M	TOTAL	
% COLLECTED DIRECT BILL	0.00%	0.00%	0.00%	67.50%	0.00%	75.00%	71.25%	
% COLLECTED TAX ROLL	100.14%	100.14%	100.14%	100.14%	100.14%	100.14%	100.14%	
TOTAL PERCENT COLLECTED	100.14%	100.14%	100.14%	78.54%	100.14%	97.10%	96.56%	

C.

Rolling Hills
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2024
Check Register

Date	check #'s	Amount		

3/1-3/31	
3212-3231		
$534,546.34	
4/1-4/30	3232-3255		$80,779.22	
	TOTAL		$615,325.56	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	ROLLING HILLS GENERAL FUND
BANK A ROLLING HILLS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/07/24 00101	1/25/24 77833	202401 330-57200-46000	*	805.00
T/S & REP FRONT ENT LIGHT
BLACK CREEK ELECTRICAL SERVICES	805.00 003212
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00027	2/26/24 FEB 24	202402 320-53800-43000	*	200.00
FEB 24 - ELECTRIC
2/26/24 FEB 24	202402 330-57200-43000	*	1,765.00 FEB 24 - ELECTRIC
CLAY ELECTRIC COOPERATIVE, INC	1,965.00 003213
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00097	3/01/24 03012024 202403 330-57200-34500	*	200.00
SECURITY
JEFFREY DEESE	200.00 003214

3/07/24 00003	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/31/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
263	202403 310-51300-34000	*	3,748.50
MAR 24 - MGMT FEES
263	202403 310-51300-35101	*	100.00
MAR 24 - WEBSITE ADMIN
263	202403 310-51300-35100	*	150.00
MAR 24 - IT
263	202403 310-51300-31300	*	833.33
MAR 24 - DISSEMINATION
263	202403 310-51300-51000	*	.15
MAR 24 - OFFICE SUPPLIES
263	202403 310-51300-42000	*	20.08
MAR 24 - POSTAGE
263	202403 310-51300-42500	*	121.95
MAR 24 - COPIES
264	202402 330-57200-52100	*	574.00
POOL CHEMICALS
GOVERNMENTAL MANAGEMENT SERVICES	5,548.01 003215
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00012	3/01/24 25335	202403 310-51300-32200	*	2,000.00
AUDIT FYE 9/30/23
GRAU AND ASSOCIATES	2,000.00 003216
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00153	2/29/24 3355842	202401 310-51300-31500	*	737.50
JAN 24 - LEGAL SERVICES
KUTAK ROCK LLP	737.50 003217
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00060	2/29/24 483	202402 330-57200-46000	*	3,937.05
PRESSURE WASH 1/30-2/9/24
2/29/24 483	202402 330-57200-46000	V	3,937.05- PRESSURE WASH 1/30-2/9/24
3/01/24 481	202403 330-57200-46100	*	1,224.50
MAR 24 - JANITORIAL SVCS
ROLL ROLLING HILLS	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/24	PAGE	2
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	ROLLING HILLS GENERAL FUND
BANK A ROLLING HILLS GF

DATE	DATE	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	

	AMOUNT	#	
*	1,302.25			
*	2,055.17			
*	5,630.67			
V	1,224.50-			
V	1,302.25-			
V	2,055.17-			
V	5,630.67-			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
481	202403 330-57200-46700
MAR 24 - POOL MAINTENANCE
481	202403 320-53800-34000
MAR 24 - CONTRACT ADMIN
481	202403 330-57200-34000
MAR 24 - FACILITY MGMT
481	202403 330-57200-46100
MAR 24 - JANITORIAL SVCS
481	202403 330-57200-46700
MAR 24 - POOL MAINTENANCE
481	202403 320-53800-34000
MAR 24 - CONTRACT ADMIN
481	202403 330-57200-34000
MAR 24 - FACILITY MGMT
RIVERSIDE MANAGEMENT SERVICES, INC.	.00 003218
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00060	2/29/24 483	202402 330-57200-46000	*	3,937.05
PRESSURE WASH 1/30-2/9/24
3/01/24 481	202403 330-57200-46100	*	1,224.50
MAR 24 - JANITORIAL SVCS
3/01/24 481	202403 320-53800-34000	*	2,055.17
MAR 24 - CONTRACT ADMIN
3/01/24 481	202403 330-57200-34000	*	5,630.67
MAR 24 - FACILITY MGMT
RIVERSIDE MANAGEMENT SERVICES, INC.	12,847.39 003219
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00016	3/08/24 FEB 24	202402 320-53800-43100	*	1,002.49 FEB 24 - WATER
3/08/24 FEB 24	202402 330-57200-43100	*	417.14
FEB 24 - WATER
CLAY COUNTY UTILITY AUTHORITY	1,419.63 003220
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00026	3/06/24 223	202402 330-57200-34500	*	60.00
FEB 24 - ADMIN FEE
3/06/24 223	202402 330-57200-34500	*	35.00
FEB 24 - SCHEDULING
CLAY COUNTY SHERIFFS OFFICE	95.00 003221
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00061	3/04/24 84957412 202403 330-57200-41500	*	321.26
MAR 24 - TV/INTERNET
COMCAST	321.26 003222
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00097	3/08/24 03082024 202403 330-57200-34500	*	200.00
SECURITY
JEFFREY DEESE	200.00 003223
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ROLL ROLLING HILLS	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/24	PAGE	3
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	ROLLING HILLS GENERAL FUND
BANK A ROLLING HILLS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/15/24 00060	2/29/24 484	202402 330-57200-34100	*	531.59
FEB 24 - FACILITY ASSIST
RIVERSIDE MANAGEMENT SERVICES, INC.	531.59 003224
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00097	3/15/24 03152024 202403 330-57200-34500	*	200.00
SECURITY
3/22/24 03222024 202403 330-57200-34500	*	200.00
SECURITY
JEFFREY DEESE	400.00 003225
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00147	3/20/24 UG000013 202404 330-57200-34300	*	814.76
APR 24 - REFUSE SERVICE
GFL ENVIRONMENTAL	814.76 003226

3/27/24 00003	2/01/24	
	2/01/24	
	2/01/24	
	2/01/24	
	2/01/24	
	2/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
262	202402 310-51300-34000	*	3,748.50
FEB 24 - MGMT FEES
262	202402 310-51300-35101	*	100.00
FEB 24 - WEBSITE ADMIN
262	202402 310-51300-35100	*	150.00
FEB 24 - IT
262	202402 310-51300-31300	*	833.33
FEB 24 - DISSEMINATION
262	202402 310-51300-42000	*	9.22
FEB 24 - POSTAGE
262	202402 310-51300-42500	*	13.65
FEB 24 - COPIES
GOVERNMENTAL MANAGEMENT SERVICES	4,854.70 003227
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00149	3/22/24 13129562 202403 330-57200-52100	*	1,224.00
BLEACH/POOL ACID
POOLSURE	1,224.00 003228
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00060	3/14/24 485	202403 330-57200-49400	*	172.50
ST. PATRICK'S EVENT
RIVERSIDE MANAGEMENT SERVICES, INC.	172.50 003229
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00350	2/12/24 2022-8	202403 300-20700-10200	*	410.00
CONSTR DEF FR 2022-08
ROLLING HILLS CDD	410.00 003230
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00141	3/27/24 323471	202403 300-15100-10000	*	500,000.00
TRANSFER TO STATE BOARD
STATE BOARD OF ADMINISTRATION	500,000.00 003231
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	534,546.34 ROLL ROLLING HILLS	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/24	PAGE	1
*** CHECK DATES 04/01/2024 - 04/30/2024 ***	ROLLING HILLS GENERAL FUND
BANK A ROLLING HILLS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/03/24 00053	3/28/24 2024-273 202403 310-51300-48000	*	50.40
NOTICE OF SPECIAL MEETING
CLAY TODAY	50.40 003232
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/24 00097	3/29/24 03292024 202403 330-57200-34500	*	200.00
SECURITY
JEFFREY DEESE	200.00 003233

4/03/24 00003	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
265	202404 310-51300-34000	*	3,748.50
APR 24 - MGMT FEES
265	202404 310-51300-35101	*	100.00
APR 24 - WEBSITE ADMIN
265	202404 310-51300-35100	*	150.00
APR 24 - IT
265	202404 310-51300-31300	*	833.33
APR 24 - DISSEMINATION
265	202404 310-51300-42000	*	16.97
APR 24 - POSTAGE
265	202404 310-51300-42500	*	4.50
APR 24 - COPIES
265	202404 310-51300-41000	*	33.14
APR 24 - TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	4,886.44 003234
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/24 00012	4/01/24 25532	202404 310-51300-32200	*	1,000.00
AUDIT FYE 9/30/23
GRAU AND ASSOCIATES	1,000.00 003235
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/24 00090	2/14/24 92269411 202402 310-51300-51000	*	52.96
DESK SIGNS
HOLMES CUSTOM	52.96 003236
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/24 00153	3/30/24 3368906	202402 310-51300-31500	*	2,960.43
FEB 24 - LEGAL SERVICES
KUTAK ROCK LLP	2,960.43 003237
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/24 00057	3/27/24 1871319	202403 320-53800-46400	*	535.00
MAR 24 - WATER MGMT
THE LAKE DOCTORS, INC.	535.00 003238
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/24 00060	3/26/24 487	202402 320-53800-46000	*	1,568.50
FEB 24 - REPAIR MAINT
3/26/24 487	202402 330-57200-46000	*	1,368.48
FEB 24 - FACILITY MAINT
3/26/24 487	202402 330-57200-52000	*	371.45
FEB 24 - OPERATING SUPPL
ROLL ROLLING HILLS	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/24	PAGE	2
*** CHECK DATES 04/01/2024 - 04/30/2024 ***	ROLLING HILLS GENERAL FUND
BANK A ROLLING HILLS GF

DATE	DATE	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/02/24	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
486	202404 330-57200-46100	*	1,224.50
APR 24 - JANITORIAL SVCS
486	202404 330-57200-46700	*	1,302.25
APR 24 - POOL MAINTENANCE
486	202404 320-53800-34000	*	2,055.17
APR 24 - CONTRACT ADMIN
486	202404 330-57200-34000	*	5,630.67
APR 24 - FACILITY MGMT
488	202403 330-57200-49400	*	159.96
EASTER EVENT
RIVERSIDE MANAGEMENT SERVICES, INC.	13,680.98 003239
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00177	4/18/24 04182024 202404 300-13100-10000	*	2,850.00
REMV/REPLC 25HP POOL PUMP
BLUE SOLUTIONS	2,850.00 003240
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00016	4/05/24 MAR 24	202403 320-53800-43100	*	3,195.73 MAR 24 - WATER
4/05/24 MAR 24	202403 330-57200-43100	*	505.55
MAR 24 - WATER
CLAY COUNTY UTILITY AUTHORITY	3,701.28 003241
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00061	4/04/24 84957412 202404 330-57200-41500	*	321.00
APR 24 - TV/INTERNET
COMCAST	321.00 003242
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00133	4/16/24 41524-4D 202404 300-13100-10000	*	2,443.40
25HP MOTOR/SEAL KIT PUMP
COM-PAC FILTRATION, INC.	2,443.40 003243
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00126	3/06/24 03062024 202403 300-13100-10000	*	22,425.00
LIGHT AND COPING REPAIRS
CROWN POOLS, INC.	22,425.00 003244
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00109	4/02/24 14	202404 310-51300-49000	*	100.00
AMORT SCH - 2020A2 2/1/24
DISCLOSURE SERVICES, LLC	100.00 003245
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00149	4/01/24 04012024 202404 330-57200-52100	*	26.91
FINANCE CHARGES
POOLSURE	26.91 003246
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00060	3/31/24 489	202403 330-57200-34100	*	696.16
MAR 24 - FACILITY ASSIST
4/10/24 490	202404 330-57200-52100	*	524.70
POOL CHEMICALS
ROLL ROLLING HILLS	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/04/24	PAGE	3
*** CHECK DATES 04/01/2024 - 04/30/2024 ***	ROLLING HILLS GENERAL FUND
BANK A ROLLING HILLS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/10/24 491	202403 330-57200-46700	*	916.66
MAR 24 - POOL MAINTENANCE
RIVERSIDE MANAGEMENT SERVICES, INC.	2,137.52 003247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00034	3/28/24 202762	202403 320-53800-46200	*	6,379.41
MAR 24 - LANDSCAPE MAINT
3/28/24 202762	202403 320-53800-46200	*	1,274.82
ADDENDUM FOR ADDTL AREA
TREE AMIGOS	7,654.23 003248
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00110	3/25/24 7268045	202403 310-51300-32300	*	4,040.63
2022A2 3/1-2/28/25
US BANK	4,040.63 003249
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/24 00016	3/29/24 32924-AD 202403 330-57200-43100	*	30.60
SVC CHARGE ADJUST 3/29/24
4/15/24 41524-AD 202404 330-57200-43100	*	60.00
SVC CHARGE ADJUST 4/15/24
CLAY COUNTY UTILITY AUTHORITY	90.60 003250
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/24 00097	4/20/24 04202024 202404 330-57200-34500	*	200.00
SECURITY
4/23/24 04232024 202404 330-57200-34500	*	200.00
SECURITY
JEFFREY DEESE	400.00 003251
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/24 00057	4/22/24 1881504	202404 320-53800-46400	*	535.00
APR 24 - WATER MGMT
THE LAKE DOCTORS, INC.	535.00 003252
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/24 00117	8/22/22 PSI84708 202310 330-57200-44000	*	195.00
FIRE EXT INSP ANNUAL
PYE BAKER FIRE & SAFETY, LLC	195.00 003253
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/24 00060	4/16/24 492	202403 320-53800-46000	*	1,043.83
MAR 24 - REPAIR MAINT
4/16/24 492	202403 330-57200-46000	*	1,281.00
MAR 24 - FACILITY MAINT
4/16/24 492	202403 330-57200-52000	*	513.38
MAR 24 - OPERATING SUPPL
RIVERSIDE MANAGEMENT SERVICES, INC.	2,838.21 003254
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/24 00034	4/28/24 203046	202404 320-53800-46200	*	6,379.41
APR 24 - LANDSCAPE MAINT
4/28/24 203046	202404 320-53800-46200	*	1,274.82
ADDENDUM FOR ADDTL AREA
TREE AMIGOS	7,654.23 003255
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	80,779.22 ROLL ROLLING HILLS	PPOWERS