Storey Drive Community Development District

Agenda September 5, 2024

Agenda

August 29, 2024 Board of Supervisors

Storey Drive
Community Development District
219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Storey Drive Community Development District
Dear Board Members:
The meeting of the Board of Supervisors of the Storey Drive Community Development District will be held Thursday, September 5, 2024 at 10:00 a.m. at the offices of GMS-CF, 219
E. Livingston Street, Orlando, Florida. Following is the advance agenda for the regular meeting:
Roll Call
Public Comment Period
Approval of Minutes of the June 6, 2024 Meeting
Review and Acceptance of the Fiscal Year 2023 Audit Report
Consideration of Easement with Peoples Gas System, Inc.
Staff Reports
Attorney
Memorandum Regarding Recently Enacted Legislation
Status of Reimbursement for Pedestrian Bridge Washout Repairs
Engineer
Discussion of Pending Plat Conveyances
Status of Permit Transfers
District Manager’s Report
Approval of Check Registers
Balance Sheet and Income Statement
Approval of Fiscal Year 2025 Meeting Schedule
Adoption of District Goals & Objectives
Presentation of Arbitrage Rebate Calculation Report for the Series 2022
Field Manager’s Report
Other Business
Supervisor’s Requests
Adjournment
The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.
Sincerely, George S. Flint George S. Flint
District Manager
Cc:	Jan Carpenter, District Counsel Stephen Saha, District Engineer

Enclosures

Minutes

MINUTES OF MEETING STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Drive Community Development District was held Thursday, June 6, 2024 at 10:00 a.m. at the Offices of GMS-CF, 219 East Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Adam Morgan	Chairman
Brent Kewley	Assistant Secretary
Josh Jochims	Assistant Secretary Also present were:
George Flint	District Manager
Kristen Trucco	District Counsel
Stephen Saha	District Engineer
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. Three Board members were present constituting a quorum.
SECOND ORDER OF BUSNESS	Public Comment Period
Mr. Flint: There are no members of the public to provide comment.

THIRD ORDER OF BUSINESS	Approval of Minutes of the April 4, 2024
Meeting
Mr. Flint: The next item is approval of the April 4, 2024 meeting minutes. Were there any comments or corrections?
Mr. Morgan: Make a motion to accept.
Ms. Trucco: I have a few corrections starting on page 3, they are all non-substantive. The first sentence should say “into with some of the Boards,” further down add the word “that,” delete the word “result.”
Mr. Flint: Does the Board want approve the minutes subject to comments from counsel?

Ms. Trucco: It is all nonsubstantive and really just clarifying.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Minutes of the April 4, 2024 Meeting, were approved as amended.

FOURTH ORDER OF BUSINESS	Public Hearing
Mr. Flint: Next is the public hearing to consider adoption of the FY25 budget and certifying the assessments. Is there a motion to open?

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2024-04 Adopting the Fiscal Year 2025 Budget and Relating to the Annual Appropriations
Mr. Flint: The public hearing is open. For the record we don’t have any members of the public here to provide comment or testimony, so we will bring it back to the Board. You have Resolution 2024-04 adopting the FY25 budget. You previously approved a proposed budget and set today as the date, place, and time of the public hearing to consider its final adoption. Included as Exhibit ‘A’ is the proposed budget. I do not think it is substantially different from what you saw when you approved the proposed budget and it is funded by a combination of assessments and carry forward. Are there any questions on the budget?
Mr. Morgan: We have landscaping, landscape contingency, and lake maintenance. Alan, are we good with that lake maintenance?
Mr. Scheerer: Yes, we are good with that. We did increase the electric cost for 2025. I was going to touch on it in my manager report but had a meeting with Dan out there and they are going to add three fountains. There are two in pond 2 and one in pond 4. We are using the monthly average for the fountains that the District installed at ChampionsGate as a place holder in the budget. I am not sure of the timing of those coming online but we wanted to make sure we had the electrical cost on a monthly basis allocated to the 2025 budget.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, Resolution 2024-04 Adopting the Fiscal Year 2025 Budget and Relating to the Annual Appropriations, was approved.

Consideration of Resolution 2024-05 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Flint: The next item is a resolution imposing the assessments and attached to it is the budget that you just approved as well as the assessment roll. Again, this is a public hearing and there are no members of the public here. Is there a motion to approve Resolution 2024-05?

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, Resolution 2024-05 Imposing Special Assessments and Certifying an Assessment Roll, was approved.

Mr. Flint: Is there a motion to close the hearing?

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, Closing the Public Hearing, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Staff reports, Attorney.
Ms. Trucco: Just a couple updates for the Board today. I have been in touch with Linda at Lennar and she is working on terminating a notice of commencement that is still outstanding that relates to the deed for the remainder of platted tracts that need to come to the CDD, a Storey Drive plat and Storey Drive Phase 2 plat. I have been following up regularly with her and she is working on getting that taken care of so once we have that NOT, we will proceed with recording the deed. We already have all of the signature pages back so we are in good shape there. Once we have that done, we will bring back a short memorandum inventory to the Board to put on the record to show the plats according to our records and each deed conveying all of the platted tracts to come to the CDD. The other update is that I have continued to follow up with the City of Orlando regarding reimbursement for the pedestrian bridge damage that was caused there. I actually was in contact with someone yesterday who said they are going to escalate to one of the managers there so I am waiting to hear back. If I do not hear back in the next week or two, we are going to send a demand letter to the landowner and potentially the contractor as well. It is staying on our radar. I am trying to see where the City is with their reimbursement.
Mr. Morgan: They pushed awful hard to have it fixed right away so they should be pushing hard to get us reimbursed right away. They were calling me twice a week wanting to know when everything would be repaired.

Ms. Trucco: My understanding too is there may be an argument of some defect with the canal, the City’s canal may have contributed and or caused.
Mr. Morgan: We have video of the water flowing out.
Mr. Jochims: Even after when everything was fixed and the City did all of the maintenance of the berm, I went out there and the last time I looked I sent some pictures showing that things look good and even their onsite roadway inlet looked like it had been fixed but then looked like it just washed out again. The roadway was caved in on their property. They have some internal issues with their system.
Mr. Scheerer: Do I need to be looking at that when I am out there? I do look at the pedestrian bridge. I actually drive on their property and get a good look at ours. Do I need to look at their roadway at all?
Mr. Jochims: If you just want to know if they are still having some issues still, which may or may not affect the site. Their road runs along the canal and then does a 90-degree curve at the pedestrian bridge, it was that inlet right there that was washed out. It is worth noting if they are having some onsite issues that may or may not affect the site.
Mr. Scheerer: Is there any issue with keeping that gate locked at this time? I would rather keep it locked because there is a pretty good drop off at the end of our concrete and the City’s property. I don’t know who has it locked off, I don’t know if it’s the onsite contractors.
Mr. Jochims: Where is the City’s access supposed to be?
Mr. Scheerer: They normally come in on that connector road between Del Verde and the apartments. They have a way to just drive down the canal. That’s where the equipment is that is cleaning up the banks and stuff like that on the canal. They are not going in there because there is a temporary fence that is down that separates the utility easement and the apartments on that side.
Ms. Trucco: My plan was that I would wait and follow up twice more, once next week and the once the following week. By that week, if I don’t have a response then we will proceed with going after the contractor/landowner and any other entity that we can for reimbursement. That is all I have today, unless you have any questions for me.
Engineer
Presentation of Stormwater Operation and Maintenance Protocol Report for International Drive Community

Mr. Saha: I will be doing those inspections next week. I will bulk it with you, technically with the big culverts when inspecting those. I will just go down and kind of take a look at everything but really there is supposed to be another person there. I will get with you on scheduling that.
Mr. Scheerer: Okay.
Mr. Saha: Those inspections will be next week; half a day is probably all I will need then I will put that annual report together.
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Mr. Saha: For the plat conveyances, Kristen are we fully conveyed on all of the CDD tracts? Ms. Trucco: Yes, except there are a few in Storey Drive plat and Storey Drive Phase 2 plat.
There is an outstanding notice of commencement on one of the tracts that held us back from recording the deed right now. Lennar is working on terminating that. Once that is done, we will record the deed and then we have a sheet already going right now, an inventory with each plat. I think in this CDD it is just the Storey Drive and Storey Drive Phase 2 plat.
Mr. Saha: I think I certified everything to be able to be conveyed.
Ms. Trucco: That is my understanding. The requisitions have separate conveyance documents for completed improvements. If there are future requisitions, I will still need your help with those conveyance documents.
Mr. Saha: Okay. For the permit transfers, we are not always involved in the transfers. Mr. Morgan: Usually, it goes directly from Lennar to the CDD.
Mr. Saha: Yeah, I know you guys want this done. It is not yours anymore. Dan and Teresa were taking care of that but we will just verify that those have been transferred from Lennar at least for Phase 1.
Mr. Morgan: I don’t remember signing the transfer document.
Mr. Flint: Usually in most cases the Engineer is going to prepare that and then it is signed by the developer and signed by the operating entity the CDD. We like to get it on the agenda so we get it documented. I don’t know in this case if Lennar has chosen not to use Poulos & Bennett to fill the form out or not.
Mr. Morgan: I would have to follow up with them on that.

Mr. Flint: We will follow up with Dan to find out. That is why we keep this on here to make sure that it eventually gets transferred. I don’t know if we are ready for it or not.
Mr. Morgan: We are having a big switcheroo in the land department so Dan will now be in charge of all entitlements and permits. Rob will be in charge of all actual construction and managing the contractors. Dan and Lane will be running that entitlement permitting line. We shouldn’t have any more things falling under the radar or getting swept under the rug so to speak anymore because it has been happening too often and that is why we are kind of making this rearrangement. For Rob to try to track down permit transfers and entitlements and develop projects and for Dan do the same thing, stuff gets lost. We should have a lot more efficient permit transfers and from now on.
Mr. Flint: Okay.

District Manager’s Report
Approval of Check Register
Mr. Flint: We have the check register from March 27th through May 30th for the General Fund and the Board pay totaling $42,679.42 and the detail is behind the summary. If the Board has any questions, we can discuss otherwise looking for a motion to approve.

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, the Check Register totaling $42,679.42, was approved.

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through the end of April. If there are any questions, we can discuss those. There is no action required.
Mr. Morgan: We are going to work on that final requisition, correct?
Mr. Flint: Yes. We need to revise requisition #6 and then requisition #6 is going to have excess costs. We will revise requisition #11 to draw the balance down to zero.

Presentation of Number of Registered Voters – 0
Mr. Flint: There are zero voters as of April 15th. No action required on that.

Form 1 Filing Reminder – Due July 1st
Mr. Flint: Form 1 is required to be filed by July 1st. If you haven’t filed it, it is done electronically now. The Supervisor of Elections isn’t involved. Let us know if you have any issues.

One item that isn’t on here, there is a new legislative requirement that each District adopt a set of goals and objectives and performance measures. I don’t know if you are going to do a memo on that.
Ms. Trucco: Yes, we actually already have one but it just didn’t make this agenda. It will be on the next agenda.
Mr. Flint: They have to be in place by October 1st of this year and they are reported December of next year.
Mr. Morgan: So, it’s an annual report?
Mr. Flint: We are working on some very general standard goals and objectives that every CDD can adopt that basically involve things that we are already required to do. We can always refine it later on and the measure would be having a meeting. It has to be done by October 1 so we will have another meeting before then and have the Board approve it. We will keep it really simple to start out with but then later on if we want to make it more complicated, we can.

Field Manager’s Report
Mr. Flint: Field Manager’s report. Alan?
Mr. Scheerer: Last Tuesday I had an onsite meeting with Dan and some reps for Benchmark, Floralawn, Cherry Lake. The goal of that was to assess the overall condition of the property. There are some irrigation challenges that both landscapers are having. Contractors shutting off the main line and not telling anybody. Some plants have suffered because of that, palm trees mainly. I know Cherry Lake is putting together some numbers for Dan when he gets back off vacation to replace some trees at cost and all of that stuff. There was also some question about areas of responsibility between the HOA and the CDD so we ironed all of that out. I know Cherry Lake was asked by Dan to look at the lift station trash compactor area. There is some landscaping that is supposed to go in there that is also going to be maintained by the CDD, not the lift station itself but the surrounding property. I know they are putting a number together for Lennar to do that landscape enhancement in that area around pond 3 area. We did the harvesting of the shoreline vegetation in ponds 1, 2, and 4. We are still having challenges to get in pond 3 which is around all of the high-rise stuff that is going in so I am of the opinion that by the time we get that access and that construction is completed, we are not going to have to really harvest anything because it is minimal right now. We are just going to continue on the monthly treatment of all of the storm water ponds. I have been onsite. I was there last week. I did look at the pedestrian bridge and didn’t

see any issues with the bridge at that time. It looks like all of the repairs that have occurred by Bryer are holding up well. I am glad to see that we are getting some sort of vegetation on the bank of the canal there.
Mr. Morgan: The City didn’t resod it?
Mr. Scheerer: No, not that I saw. They just cleaned it and whatever is growing out of it is growing out of it. No sod.
Mr. Morgan: Do we own that bank or does the City own it?
Mr. Scheerer: The City, that is their side. Our side is overgrown.
Mr. Morgan: The City asked for me to put some kind of erosion control matting on it which I did myself. They said they were going to come back and sod it.
Mr. Scheerer: I have not seen any sod. I was just there last week for our meeting but I did not see any sod. They were grading it and pulling it all back but right now whatever is growing out of it is growing out of it. Other than that, we will continue to be onsite and continue to work with the various entities, Benchmark, HOA and our landscaper. I have a good relationship with the branch manager for Floralawn, Brian Clayborn. He does a couple of other CDDs and was at our meetings recently. They are communicating between each other if there are any issues. We are changing the lock on the control box as well just because there are too many fingers. There are some issues with Henderson programming and stuff like that. We are trying to work with everybody to make sure everybody has water. I can answer any questions you might have.
SIXTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

SEVENTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

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

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT

FINANCIAL STATEMENTS

September 30, 2023

STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL STATE:rvtENTS
September 30, 2023

CONTENTS
PAGE
Independent Auditors' Report.	1-3
Management's Discussion and Analysis.	4-8
Government-wide Financial Statements:
Statement of Net Position.	9
Statement of Activities.	10
Fund Financial Statements:
Balance Sheet - General Fund.	11
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities.	12
Statement of Revenues, Expenditures and Changes in
Fund Balances - General Fund.	13
Reconciliation of Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities.	14
Notes to the Financial Statements	15-24
Required Supplementary Information
Statement of Revenues and Expenditures - Budget and Actual - General Fund.	25
Notes to Required Supplementary Information.	26
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	27-28
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	29
Auditor's Management Letter Required by Chapter 10.550, Florida Statutes	30-32

DMHB

D1BARTOLOMEO, McBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITORS' REPORT
To the Board of Supervisors
Storey Drive Community Development District Orange County, Florida

Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Storey Drive Community Development District, Orange County, Florida ("District") as of and for the 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 for the 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. 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
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.

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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 generally accepted auditing standards 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 generally accepted auditing standards, 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 fmancial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information

because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 10, 2024, on our consideration of the Storey Drive Community Development District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, rules, regulations, contracts, and 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 internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requirements
We have also issued our report dated June IO, 2024 on our consideration of the District's compliance with requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation Standards established by the American Institute of Certified Public Accountants.
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DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
June 10, 2024

Our discussion and analysis of Storey Drive Community Development District, Orange County, Florida ("District") financial performance provides an 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 IDGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $89,090.

The change in the District's total net position in comparison with the prior fiscal year was
$523,827, 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 $580,963. The general fund balance is unassigned which is available for spending at the District's discretion.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District's assets and liabilities, with the difference between the two 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 thls 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 developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance and operations.
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.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government­ wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions.
Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The District maintains three individual governmental funds for external reporting. Information is presented in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund. All funds are major funds. The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements

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

GOVERNMENT WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year. A portion of the District's net position reflects its investment in capital assets (e.g. land, land improvements and infrastructure). These assets are used to provide services to residents; consequently, these assets are not available for future spending. The balance of unrestricted net position may be used to meet the District's obligations.
Key components of net position were as follows:
Statement ofNet Position

	2023	2022	
Current assets	$	584,003	$	9,592,974	
Capital assets	9,320,443	5,363	
Total assets	9,904,446	9,598,337	
Current liabilities	304,910	313,308	
Long-term liabilities	9,510,445	9,719,766	
Total liabilities	9,815,356	10,033,074	
Net position
Net invested in capital assets	(395,002)	(9,914,403)	
Restricted for debt service	359,049	338,915	
Restricted for capital projects	20,860	9,136,827	
Unrestricted	104,184	3,924	
Total net position	$	89,090	$	(434,737)	
The District's net position increased during the most recent fiscal year. The majority of the change represents the degree to which program revenues exceeded the ongoing cost of operations.
Key elements of the District's change in net position are reflected in the following table:
Change in Net Position

	2023	2022	
Program revenues	$	832,017	$	242,044	
General revenues	212,494	25.303	
Total revenues	1,044.511	267,347	
Expenses			
General government	91,129	73,721	
Physical environment	97,095		
Interest on long-term debt	332,460	228,020	
Cost of issuance		405,075		
Total expenses	520,684	706.816	
Change in net position	523,827	(439,469)	
Net position - beginning of year	(434.737)	4 732	
Net position - end of year	$	89,090	$	(434,737)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $520,684, which primarily consisted of interest on long term debt. The costs 6f the District's activities were funded by developer contributions and special assessments.

GENERAL BUDGETING IDGHLIGHTS

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.

The variance between budgeted and actual general fund revenues is not considered significant. The actual general fund expenditures for the current fiscal year were lower than budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2023, the District had $9,320,443 invested in construction in process. Construction in process has not completed as of September 30, 2023 and therefore is not depreciation to date. 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 $9,715,445 in Bonds outstanding for its governmental activities. More detailed information about the District's capital debt is presented in the accompanying notes to the financial statements.

ECONOMIC FACTORS, NEXT YEAR'S BUDGET AND OTHER INFORMATION

For the fiscal year 2024, the District anticipates that the cost of general operations will remain fairly constant. In connection with the District's future infrastructure maintenance and replacement plan, the District Board has included in the budget, an estimate of those anticipated future costs and has assigned a portion of current available resources for that purpose.

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 fmances 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 Storey Drive Community Development District's Finance Department at 219 E. Livingston Street, Orlando, Florida 32801.

STATEMENT OF NET POSITION
September 30, 2023

	GOVERNMENTAL
 ACTMTIES		
ASSETS		
Cash and cash equivalents	$	46,063	
Due from developer	54,746	
Prepaid items	5,590	
Restricted assets:		
Investments	477,604	
Capital assets:
Non-depreciable	
	9,320,443 	
TOTAL ASSETS	$	9,904,446	
LIABILITIES		
Accmm.ts payable and accrued expenses	$	3,040	
Accrued interest payable	96,870	
Bonds payable, due within one year	205,000	
Bonds payable, due in more than one year	9,510,445	
TOTAL LIABILITIES	
9,815,356	
NET POSITION		
Net investment in capital assets	(395,002)	
Restricted for:
Debt service	
359,049	
Capital projects	20,860	
Unrestricted		104,184 	
TOTAL NET POSITION	$	89,090	

STATEMENT OF ACTIVITIES
Year Ended September 30, 2023

 Functions/Programs	 	Expenses	 Governmental activities

Program Revenues	 Charges for	Operating
Services	Contributions

Net (Expense) Revenues and Changes in Net Position

Governmental
	Activities	

General government	$	91,129
Physical environment	97,095
Interest on long-term debt	332.460
Total governmental activities	$	520,684
=========
General revenues:

$	218,908

	543.533 
$	762,441

$	69,576	$	197,355
(97,095)
	211,073 
$	69,576	311,333

Investment earnings Total general revenues
Change in net position

Net position - October 1, 2022
Net position - September 30, 2023

2122494

2122494
	523,827 
	(434.737)
$	89,090

BALANCE SHEET-GOVERNMENTAL FUNDS
September 30, 2023

ASSETS

	MAJORFUNDS		TOTAL
DEBT		CAPITAL	GOVERNMENTAL GENERAL	SERVICE	PROJECTS		FUNDS

Cash and cash equivalents	$	46,063	$	$	$	46,063	
Due from developer	54,746			54,746	
Prepaid items Restricted assets:
Investments	5,590	

4551919	

212685	5,590

477 604	
TOTAL ASSETS	$	106,399	$	455,919	$	21,685	$	584,003	

Accounts payable and accrued expenses	$	2,215	$	$	825	$	3,040	
TOTAL LIABILITIES	2,215		825	3.040	

LIABILITIES AND FUND BALANCES LIABILITIES

FUND BALANCES
Nonspendable:
Prepaid items	5,590			5,590		
Restricted for:						
Debt service		455,919		455,919		
Capital projects			20,860	20,860		
Unassigned	98 594			98,594		
TOTAL FUND BALANCES	104,184	455,919	20,860	580,963		
TOTAL LIABILITIES AND						
FUND BALANCES	$	106,399	$	455,919	$	21,685	$	584,003		

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2023

Total Governmental Fund Balances in the Balance Sheet	$	580,963

Ammmt reported for govennnental activities in the Statement ofN et Assets are different because:
Capital asset used in governmental activities are not financial resources and therefore are not reported in the governmental fimds:
Governmental capital assets
Certain liabilities are not due and payable in the current period and therefore are not reported in the funds:

9,320,443

Accrued interest payable	(96,870)	
Original issue premitnn	(205,445)	
Governmental bonds payable	(9,510,000)	
Net Position of Governmental Activities	$	89,090	

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
Year Ended September 30, 2023

	MAJORFUNDS		TOTAL
DEBT	CAPITAL	GOVERNMENTAL
GENERAL	SERVICE	PROJECTS	FUNDS
REVENUES
Developer contributions	$	69,576	$	$	$	69,576	
Special assessments	218,908	543,533		762,441	
Investment earnings		23,425	189,069	212,494	
TOTAL REVENUES	288,484	566,958	189,069	1,044,511	
EXPENDITURES
General government	91,129			91,129	
Physical environment	97,095			97,095	
Capital outlay Debt
Principal		

200,000	9,315,080	9,315,080

200,000	
Interest expense		338,263		338.263	
TOTAL EXPENDITURES	188,224	538,263	9,315,080	10,041,567	
EXCESS REVENUES OVER
(UNDER) EXPENDITURES	100,260	28,695	(9,126,011)	(8,997,056)	
OTHER SOURCES (USES)
Transfers in (out)		
(10.044)	
10.044		
TOTAL OTHER SOURCES (USES)		(10,044)	10,044		
EXCESS REVENUES OVER					
(UNDER) EXPENDITURES AND OTHER SOURCES (USES)	
100,260	
18,651	
(9,115,967)	
(8,997,056)	
FUND BALANCE					
Beginning of year	3 924	437.268	91136.827	9,578,019	
End of year	$	104.184	455.919	$	20.860	$	580.963	

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
Year Ended September 30, 2023

Net Change in Fund Balances - Total Govemmental Ftmds

Amotmt reported for governmental activities in the Statement of Activities are difrerent because:
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the costs of those assets are depreciated over their estimated useful lives:
Capital outlay
Repayment of long-term liabilities are reported as expenditures in the govennnental fimd financial statements, but such repayments reduce liabilities in the Statement ofN et Position and are eliminated in the Statement of Activities:
Payments on long-term debt
Certain items reported in the Statement of Activities do not require the use of cmrent financial resolll'ces and therefore are not reported expenditures in the governmental fimds:
Change in accrued interest payable Provision for amortization of bond premium
Change in Net Position of Governmental Activities

$ (8,997,056)

9,315,080

200,000

1,483
4,321

$	523,827

NOTES TO FINANCIAL STATEMENTS
September 30, 2023

NOTE A- NATURE OF ORGANIZATION AND REPORTING ENTITY
Storey Drive Community Development District ("District") was created on March 22, 2021 by the City Council of The City of Orlando, Ordinance No. 2021-10 pursuant to the Uniform Community Development District Act of 1980, 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 fmancing 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 majority of the Board members are affiliated with the Developer. The Supervisors are elected on an at large basis by the owners of the property within 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 Board of Supervisors 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 B - 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.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Government-Wide and Fund Financial Statements (continued)
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 I) 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 fmancial statements are reported using the economic fmancial 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. Assessments
Assessments are non-ad valorem assessments on benefited lands within the District. Assessments are levied to pay for the operations and maintenance of the District. The fiscal year for which annual assessments are levied begins on October I with discounts available for payments through February 28 and become delinquent on April I. The District's annual assessments for operations are billed and collected by the County Tax Collector. The amounts remitted to the District are net of applicable discounts or fees and include interest on monies held from the day of collection to the day of distribution.
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. All other revenue items are considered to be measurable and available only when cash is received by the government.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus, Basis of Accounting and Financial Statement Presentation (continued)
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.
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.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest of long-term debt.
Capital Projects Fund
The capital projects fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure with the District.
Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to 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 Interlocal 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;

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

Deposits and Investments (continued)

Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured.
The District records all interest revenue related to investment activities in the respective funds and reports investments at fair value.
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 defmed 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 one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Liabilities and Net Position or Equity (continued)
Deferred Outflows/Inflows of Resources
The statement of net position reports, as applicable, a separate section for deferred outflows of resources. Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until that time. For example, the District would record deferred outflows of resources related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).
The statement of net position reports, as applicable, a separate section for deferred inflows of resources. Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s) and so will not be recognized as an inflow of resources (revenue) until that time. For example, when an asset is recorded in the governmental fund financial statements, but the revenue is not available, the District reports a deferred inflow of resources until such times as the revenue becomes available.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.
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 that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board can 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.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equitv (continued)

Fund Eguitv/Net Position (continued)

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

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

NOTE C - BUDGETARY INFORMATION
The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public 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.

NOTED -DEPOSITS AND INVESTMENTS

Deposits

The District's cash balances, including certificates of deposit, 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:

Investment	Fair Value Money Market Mutual F\filds - First
American Government Obligation CL D $	 477,604 Total Investments	$	477,604

Credit Risk		Maturities Weighted average of the
S&P AAAm	fimd portfulio: 24 days

Custodial credit risk - For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk. The investments listed in the schedule above are not evidenced by securities that exist in physical or book entry form.

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.

NOTED -DEPOSITS AND INVESTMENTS

Investments (continued)

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.
NOTE E - CAPITAL ASSETS

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

Balance	Balance
 10/01/2022	Increases	Decreases	09/30/2023 
Governmental activities:
Capital assets, not being depreciated:
Construction in process	 $	5,363	$9,315,080	$	$ 9,320,443
Total capital assets, not being
depreciated		5,363	9,315,080	9,320,443

Governmental activities capital
assets - net	$	5,363	$9,315,080	$	$ 9,320,443

NOTE F - LONG-TERM LIABILITIES

$9,710,000 Special Assessment Bonds. Series 2022 - On January 27, 2022, the District issued
$9,710,000 in Special Assessment Bonds, Series 2022. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District. The Bonds are payable June 2052. The Bonds bear interest ranging from 2.55% to 4.0% payable semi-annually on the fifteen day of each June and December. Principal is due serially each June 15, commencing June 2023.

The Bond Indenture has certain 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 agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The requirements have been met for the fiscal year ended September 30, 2023.
The following is a summary of activity in the long-term debt of the District for the year ended September 30, 2023:

	Balance
10/01/2022		
Additions	
Deletions	Balance
09/30/2023	Due Within
One Year		
Special Assessment Bonds, Series 2022		
$9,710,000	
$		
$ 200,000	
$	9,510,000	
$ 205,000		
		9,710,000			200,000	9,510,000	205,000		
Unamortized bond premium		209,766			4,321	205,445			
		$9,919,766	$		$ 204,321	$  9,715,445	$ 205,000		
The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2023 are as follows:

Seetember 302	Princi l	Interest	Total	
2024	$	205,000	$	333,163	$	538,163	
2025	210,000	327,935	537,935	
2026	215,000	322,580	537,580	
2027	220,000	317,097	537,097	
2028	225,000	311,487	536,487	
2029-2033	1,240,000	1,451,538	2,691,538	
2034-2038	1,450,000	1,243,375	2,693,375	
2039-2043	1,705,000	991,500	2,696,500	
2044-2048	2,060,000	649,800	2,709,800	
2049-2052	1,980,000	2022000	22182poo	
	$ 9,510,000	$  6,150,475	$	15,660,475

NOTE G - MANAGEMENT COMPANY

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

NOTE H- 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; natural disasters; and environmental remediation. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

NOTE I-CONCENTRATION
The Districts activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District operations.

STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL- GENERAL FUND
Year Ended September 30, 2023

VARIANCE WITH FINAL BUDGET POSITIVE
* BUDGET	ACTUAL	(NEGATIVE)
REVENUES
Developer contributions	$	98,580	$	69,576	$	(29,004)	
Special assessments	214.557	218,908	4,351	
TOTAL REVENUES	313,137	288,484	(24,653)	

EXPENDITURES
Current
General government	118,218	91,129	27,089	
Physical environment	194,919	97095	97,824	
TOTAL EXPENDITURES	313,137	188,224	124,913	

EXCESS OF REVENUES OVER				
(UNDER) EXPENDITURES		100,260	100.260	
FUND BALANCES
Beginning of year		
3,924		
Endofyear		  $  104.184 		

* Original and final budget.

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).

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.

The variance between budgeted and actual general fund revenues is not considered significant. The actual general fund expenditures for the current fiscal year were lower than budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.

DMHB

D1BARTOLOMEO, McBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

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 Directors
Storey Drive Community Development District Orange County, Florida
We have audited in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to the financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Storey Drive Community Development District, as of September 30, 2023 and for the year ended September 30, 2023, which collectively comprise the Storey Drive Community Development District's basic financial statements and have issued our report thereon dated June 10, 2024.

Internal Control Over Financial Reporting
In planning and performing our audit, 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 over financial reporting.

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 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 alJ deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

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Member FICPA

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant 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

This report is intended 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.

�dj�J.1,�,�1i� DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
June 10, 2024

- 28 -

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 Directors
Storey Drive Community Development District Orange County, Florida

We have examined the District's compliance with the requirements of Section 218.415, Florida Statutes with regards to the District's investments during the year ended September 30, 2023. Management is responsible for the District's compliance with those requirements. Our responsibility is to express an opinion on the 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 and, accordingly, included examining, on a test basis, evidence about the District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the 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 Storey Drive Community Development District, Orange County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

iJJ ,()J/JA,	i
DiBartolomeo, McBee Hartley & Barnes, P.A. Fort Pierce, Florida
June 10, 2024

Management Letter
To the Board of Supervisors
Storey Drive Community Development District Orange County, Florida

Report on the Financial Statements
We have audited the financial statements of the Storey Drive Community Development District ("District") as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated June 10, 2024.
Auditors' Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General.
Other Reporting Requirements
We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountants' 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 10, 2024, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)l., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1 ), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management's responsibility to monitor the District's 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.
Section 10.554(l)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.
Specific Information
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Anthem Park Community Development District reported:
The total number of district employees compensated in the last pay period of the District's fiscal year as 3.
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district's fiscal year as 4.
	All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as $4,063.
	All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $189,725.
The District does not have any construction projects with a total cost of at least
$65,000 that are scheduled to begin on or after October 1 of the fiscal year being reported.
The District did not amend its final adopted budget under Section 189.016(6), Florida Statutes.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, the Anthem Park Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District range from $181 to $1,762 per residential unit.
The total amount of special assessments collected by or on behalf of the District as
$762,441.
The total amount of outstanding bonds issued by the district as $9,510,000.

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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. In connection with our audit, we did not have any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

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DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
June 10, 2024

Section V

SEC. 30TWP. 23S. RGE. 29E. FOLIO/PARCEL ID NO.: 30-23-29-8305-15-004 PROJECT NO.: D0012016
PREPARED BY AND RETURN TO:

Isabel M. Morales
Real Estate Department Peoples Gas System, Inc.
P.O. Box 2562
Tampa, FL 33601
EASEMENT
KNOW ALL MEN BY THESE PRESENTS, that STOREY DRIVE COMMUNITY DEVELOPMENT
DISTRICT, a Florida community development district, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“Grantor”), in consideration of One Dollar and other valuable considerations paid to Grantor by PEOPLES GAS SYSTEM, INC., a Florida corporation, P.O. Box 2562, Tampa, Florida 33601 (“Company”), receipt whereof is hereby acknowledged, has given and granted unto the Company, its successors and assigns, a perpetual easement over and the right to enter upon the land in Orange County, Florida, described as follows:

See Exhibit “A” attached hereto and by reference made a part hereof (“Easement Parcel”)

together with the right of ingress and egress to and from the same, and all rights therein and all privileges thereon which are or may be necessary or convenient for the full use and enjoyment of such easement, which is for the purposes of placing, constructing, operating, maintaining, repairing, replacing on and removing from said land, installations described as follows:

Underground gas line and aboveground and underground necessary appurtenances thereto, including without limitation telecommunications equipment, risers, and pipeline markers (“Facilities”).
The width of the Easement (the “Easement Area”) shall be ten (10) feet lying five (5) feet on each side of the centerline of the Facilities as installed or to be constructed.

The aforesaid rights and privileges granted shall include the right and privilege to root prune or remove any and all deep rooted vegetation upon said Easement Area and upon the Grantor’s lands adjacent to said land, wherever the Company may deem it necessary or desirable to do so for the protection of said installations.
Company shall promptly repair any damage to the Easement Area, or any other property not owned by Company, caused by Company exercising its rights under this agreement, including ground cover, planting, roadways, driveways, sidewalks, and parking areas.

Grantor reserves the right to install minor landscaping, irrigation and/or fencing within the Easement parcel provided that it does not and will not directly interfere with the Company’s Facilities, does not change grade, and does not cause water impoundment. Grantor further acknowledges that under the “Underground Facility Damage Prevention and Safety Act” (ch. 556 Fla. Stat.), that Grantor is obligated to notify “Sunshine State One-Call of Florida, Inc.” of its intent to engage in excavation or demolition prior to commencing any work and that this notification system shall provide member operations an opportunity to identify and locate, if applicable, their underground Facilities prior to said excavation or demolition. In the event Grantor fails to notify as set forth above, Grantor may be held responsible for costs and expenses incurred due to damage of Company’s Facilities.

The Company agrees, at the sole expense of Grantor, to relocate its Facilities, over, under and upon subject parcel upon the request of Grantor, and the vacated portion of this easement being released and conveyed back to Grantor and the site of the relocated Facilities being conveyed and included in this easement grant as though it had been included ab initio.

Company, at its option and in its sole discretion, may remove those underground portions of the Facilities that should be removed and purge and cap any portions of abandoned Facilities to be left in place.
The Company agrees to amend the Easement Area at such time as Grantor provides to Company a survey of the natural gas facilities contemplated herein and a specific legal description of the revised easement area acceptable to the Company.
The terms “Grantor” and “Company” herein employed shall be construed to include the words “heirs, executors, administrators and assigns” and “successors and assigns” of the respective parties hereto, wherever the context so admits or requires. This Grant of Easement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof. This Grant of Easement may not be changed, altered or modified except by an instrument in writing signed by the party against whom enforcement of such change would be sought. This Grant of Easement shall be binding upon the parties hereto and their respective successors and assigns.

Grantor warrants to Company that it is duly formed, validly existing and in good standing under the laws of its state of formation, and Grantor has all requisite right, power, and authority to enter into this Easement, Grantor owns the Easement Parcel, and no consent of any other person is required to render this Easement a valid and binding instrument.

IN WITNESS WHEREOF, the Grantor has executed this Grant of Easement this 	 day of 	,
20 .

Signed, Sealed and Delivered
in the presence of:	GRANTOR:
STOREY DRIVE COMMUNITY DEVELOPMENT
DISTRICT, a Florida community development district

WITNESS: 		By: 	
Print Name: 	 	Name: 	 Address:			Title: 	
WITNESS: 	
Print Name: 	 	(CORPORATE SEAL) Address:		
STATE OF 		 COUNTY OF 	
The forgoing instrument was acknowledged before me this 	 day of 	 20  by
	as	   of   STOREY   DRIVE   COMMUNITY
DEVELOPMENT DISTRICT, a Florida community development district on behalf of the corporation by means of □ physical presence or □ online notarization. She/He personally appeared before me, is personally known to me or has produced 	 as identification and who did (did not) take an oath.
(SEAL)
Notary Public

Print Name Commission Expires:

EXHIBIT “A”

Legal Description:

Section VI

Section A

Section 1

Michael J. Beaudine
Jan Albanese Carpenter Daniel H. Coultoff Sarah M. Dinon
Jennifer S. Eden Dorothy F. Green Bruce D. Knapp Peter G. Latham	201 SOUTH ORANGE AVENUE, SUITE 1400
ORLANDO, FLORIDA 32801 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802
TELEPHONE: (407) 481-5800
FACSIMILE: (407) 481-5801
WWW.LATHAMLUNA.COM	Jay E. Lazarovich Marc L. Levine Justin M. Luna Lori T. Milvain
Benjamin R. Taylor Christina Y. Taylor Kristen E. Trucco Daniel A. Velasquez	

To:	CDD Board of Supervisors

From:	District Counsel (Jan Albanese Carpenter, Esq., Jay E. Lazarovich, Esq. and Kristen E. Trucco, Esq.)
Re:	Recently Enacted Legislation (2024)

Date:	May 31, 2024

We are providing you with information about new legislation which affects special districts in the State of Florida. House Bill (“HB”) 7013 was recently signed into law and will go into effect July 1, 2024.
HB 7013 creates a requirement for special districts, including community development districts (“CDDs”), to prepare and publish a report of goals/objectives, performance measurement standards for such goals/objectives and the results of such goals/objectives. Specifically, by October 1, 2024, or by the end of the first full fiscal year after the establishment of a special district, whichever is later, “each special district must establish goals and objectives for each program and activity undertaken by the district, as well as performance measures and standards to determine if the district’s goals and objectives are being achieved.” By December 1 of each year thereafter (beginning December 1, 2025), an annual report must be prepared and published on the district’s website describing the goals and objectives achieved or failed to be achieved, as well as the performance measures and standards used by the district to make that determination. District Managers should prepare draft goals/objectives and performance measures and standards for review and adoption by CDD boards at or before the CDD’s September board meeting. Boards may ultimately decide to tailor those goals and objectives, as well as the measurement standards for each goal, to their specific CDD.

HB 7013 also repealed Section 190.047, Florida Statutes, which, among other things, required CDDs to hold a referendum at a general election on the question of whether to incorporate after certain requirements were met by the CDD. Effective July 1, 2024, CDDs will no longer be required to conduct such a referendum.
HB 7013 added a number of other provisions that are applicable to special districts. However, CDDs were specifically excluded from those provisions in the text of the new legislation. More detail on the new provisions that do not apply to CDDs is available upon request. Please feel free to contact the District Manager or our office should you have any questions on this new legislation or any other CDD requirements.

Thank you.

Section C

Section 1

Storey Drive
Community Development District

Summary of Invoices

May 31, 2024 - July 25, 2024

Fund	Date	Check No.'s	Amount	
General Fund	
6/6/24	
149	
$	685.00	
	6/13/24	150-153	13,369.65	
	6/14/24	154	-	
	6/20/24	155-158	3,345.94	
	7/10/24	159	8,066.00	
	7/11/24	160	4,283.56	
			$	29,750.15	
Payroll	
May 2024			
	Teresa Diaz	50062*	$	184.70	
	Adam Morgan	50063	$	184.70	
	Brent Kewley	50064	$	184.70	
	Joshua Jochims	50065	$	184.70	
			$	738.80	
	TOTAL		$ 30,488.95	

*Replacement check for lost check#50061

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/25/24	PAGE	1
*** CHECK DATES 05/31/2024 - 07/25/2024 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/06/24 00014	5/31/24 220070	202405 320-53800-47000	*	685.00
AQUATIC PLANT MGMT JUN24
APPLIED AQUATIC MANAGEMENT INC	685.00 000149
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/24 00013	6/06/24 6836-06- 202406 310-51300-31200	*	450.00
ARBITRAGE SERIES 2022
AMERICAN MUNICIPAL TAX-EXEMPT	450.00 000150
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/24 00011	6/07/24 121298	202406 320-53800-46200	*	8,066.00
MTHLY GROUNDS MAINT JUN24
CHERRYLAKE INC	8,066.00 000151
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/24 00001	6/01/24 119	202406 310-51300-34000	*	3,062.50
MANAGEMENT FEES JUN24
6/01/24 119	202406 310-51300-35200	*	100.00
WEBSITE ADMIN JUN24
6/01/24 119	202406 310-51300-35100	*	150.00
INFORMATION TECH JUN24
6/01/24 119	202406 310-51300-31300	*	291.67
DISSEMIANTION FEE JUN24
6/01/24 119	202406 310-51300-51000	*	.03
OFFICE SUPPLIES
6/01/24 119	202406 310-51300-42000	*	5.41
POSTAGE
6/01/24 63	202406 320-53800-12000	*	656.25
FIELD MANAGEMENT JUN24
6/01/24 63A	202404 310-51300-42000	*	.79 USPS-MAIL 941FORM-1ST QTR
GOVERNMENTAL MANAGEMENT SERVICES	4,266.65 000152
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/24 00003	5/31/24 94184129 202405 310-51300-48000	*	587.00
FY24/25 BDGT/MTG 06/06/24
ORLANDO SENTINEL	587.00 000153
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/24 00010	6/14/24 06142024 202406 300-20700-10000	*	2,008.44
FY24 DEBT SERV SER 2022
6/14/24 06142024 202406 300-20700-10000	V	2,008.44- FY24 DEBT SERV SER 2022
STOREY DRIVE CDD C/O USBANK	.00 000154
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00014	6/15/24 220582	202406 320-53800-47000	*	685.00
AQUATIC PLANT MGMT JUN24
APPLIED AQUATIC MANAGEMENT INC	685.00 000155
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00002	6/17/24 129470	202405 310-51300-31500	*	173.50
FORM 1/ETHIC TRAIN REQUIR
STCD STOREY DRIVE	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/25/24	PAGE	2
*** CHECK DATES 05/31/2024 - 07/25/2024 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	#	
	6/17/24	129471	202405 310-51300-31500	*	29.00			
	NOT.OF TERMINATION/COMMEN
LATHAM, LUNA, EDEN	&	BEAUDINE,	LLP											202.50	000156	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - -	- -	-	-	- - -	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/20/24 00007	6/11/24 19-060(9 202405 310-51300-31100						*						75.00				
	WORK ON AUDIT FROM ATTRNY																
	6/11/24 19-060(9 202405 310-51300-31100						*						375.00				

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

UPDT REQ/AUDIT REQ/CONVEY
POULOS & BENNETT LLC	450.00 000157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00010	6/14/24 06142024 202406 300-20700-10000	*	2,008.44
FY24 SPCL ASMNT SER2022
STOREY DRIVE CDD C/O USBANK	2,008.44 000158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/24 00011	7/09/24 122454	202407 320-53800-46200	*	8,066.00
MTHLY GROUNDS MAINT JUL24
CHERRYLAKE INC	8,066.00 000159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/11/24 00001	7/01/24 64	202407 310-51300-34000	*	3,062.50
MANAGEMENT FEES JUL24
7/01/24 64	202407 310-51300-35200	*	100.00
WEBSITE ADMIN JUL24
7/01/24 64	202407 310-51300-35100	*	150.00
INFORMATION TECH JUL24
7/01/24 64	202407 310-51300-31300	*	291.67
DISSEMINATION FEE JUL24
7/01/24 64	202407 310-51300-51000	*	.18

202407 310-51300-42000	*	2.11	
202407 310-51300-42500	*	20.85	
202407 320-53800-12000	*	656.25	

OFFICE SUPPLIES 7/01/24 64
POSTAGE 7/01/24 64
COPIES 7/01/24 65
FIELD MANAGEMENT JUL24
GOVERNMENTAL MANAGEMENT SERVICES	4,283.56 000160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	29,750.15
TOTAL FOR REGISTER	29,750.15

STCD STOREY DRIVE	TVISCARRA

Storey Drive
Community Development District

Summary of Invoices

July 25, 2024 - August 29, 2024

Fund	Date	Check No.'s	Amount	
General Fund				
	7/25/24	161-163	$	7,185.94	
	8/1/24	164	685.00	
	8/8/24	165	8,066.00	
	8/15/24	166-168	4,972.44	
	8/22/24	169	175.00	
	8/28/24	170	350.00	
			$	21,434.38	
	TOTAL		$ 21,434.38	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/29/24	PAGE	1
*** CHECK DATES 07/25/2024 - 08/29/2024 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/25/24 00009	7/15/24 90103117 202407 310-51300-32200	*	2,600.00
FY23 AUDIT FEE-FINAL PMT
DIBARTOLOMEO,MCBEE,HARTLEY & BARNES	2,600.00 000161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/24 00002	7/16/24 129959	202406 310-51300-31500	*	1,557.19
REV.CANAL/BRDG DMG/TERMIN
LATHAM, LUNA, EDEN & BEAUDINE, LLP	1,557.19 000162
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/24 00007	4/15/24 19-060(9 202403 310-51300-31100	*	700.00
UPDT REQ#6 COST/RPT/CERT
5/13/24 19-060(9 202404 310-51300-31100	*	350.00
REQ#11/CDD MTG/CORRESPOND
7/15/24 19-060(1 202406 310-51300-31100	*	1,978.75
CDD MTG/ANN.INSPECT REPRT
POULOS & BENNETT LLC	3,028.75 000163
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/01/24 00014	7/31/24 221347	202407 320-53800-47000	*	685.00
AQUATIC PLANT MGMT JUL24
APPLIED AQUATIC MANAGEMENT INC	685.00 000164
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/08/24 00011	8/05/24 123390	202408 320-53800-46200	*	8,066.00
MTHLY GROUNDS MAINT AUG24
CHERRYLAKE INC	8,066.00 000165

8/15/24 00001	8/01/24	
	8/01/24	
	8/01/24	
	8/01/24	
	8/01/24	
	8/01/24	
	8/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
66	202408 310-51300-34000	*	3,062.50
MANAGEMENT FEES AUG24
66	202408 310-51300-35200	*	100.00
WEBSITE ADMIN AUG24
66	202408 310-51300-35100	*	150.00
INFORMATION TECH AUG24
66	202408 310-51300-31300	*	291.67
DISSEMINATION FEE AUG24
66	202408 310-51300-51000	*	.06
OFFICE SUPPLIES
66	202408 310-51300-42000	*	1.70
POSTAGE
67	202408 320-53800-12000	*	656.25
FIELD MANAGEMENT AUG24
GOVERNMENTAL MANAGEMENT SERVICES	4,262.18 000166
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/15/24 00002	8/13/24 130469	202407 310-51300-31500	*	207.65
PEDESTRIAN BRDG/CANAL DMG
8/13/24 130470	202407 310-51300-31500	*	319.00
PEOPLE GAS EASEMENT/DEMND
LATHAM, LUNA, EDEN & BEAUDINE, LLP	526.65 000167
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STCD STOREY DRIVE	TVISCARRA

AP300R
*** CHECK DATES	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
BANK A GENERAL FUND		RUN	8/29/24		PAGE	2	
CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT		....CHECK..... AMOUNT	#	
8/15/24 00010	8/14/24 08142024 202408 300-20700-10000	*
STOREY DRIVE CDD C/O USBANK			183.61		
183.61 000168	
- - - - - - - - 8/22/24 00007	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/12/24 19-060(1 202407 310-51300-31100	*
POULOS & BENNETT LLC	-	- -	- - - - -	-	- - - - - - -

175.00 000169	
- - - - - - - - 8/28/24 00007	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/24 19-060(9 202403 310-51300-31100	*
POULOS & BENNETT LLC	-	- -	- - - - -	-	- - - - - - -

350.00 000170	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	- - - - -	-	- - - - - - -	

07/25/2024 - 08/29/2024 ***	STOREY DRIVE - GENERAL FUND

FY24 SPCL ASMNT SER2022

UPDATE REQ#11 COST SHEET

175.00

CDD MEETING/PROJECT MNGR

350.00

TOTAL FOR BANK A	21,434.38
TOTAL FOR REGISTER	21,434.38

STCD STOREY DRIVE	TVISCARRA

Section 2

Storey Drive
Community Development District

Unaudited Financial Reporting
July 31, 2024

TABLE OF CONTENTS

1	BALANCE SHEET

2	GENERAL FUND INCOME STATEMENT

3	DEBT SERVICE FUND SERIES 2022

4	CAPITAL PROJECTS FUND SERIES 2022

5	MONTH TO MONTH

6	DEVELOPER CONTRIBUTION SCHEDULE

7	LONG TERM DEBT SUMMARY

8	FY24 ASSESSMENT RECEIPT SCHEDULE

9	CONSTRUCTION SCHEDULE SERIES 2022

Balance Sheet July 31, 2024

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:
Cash - Truist Bank Investments: Series 2022
Reserve Revenue Construction
Due from Other	

$	216,101

$	-
$	-
$	-
$	24,224	

$	-

$	268,106
$	216,159
$	-
$	-	

$	-

$	-
$	-
$	1,133
$	-	

$	216,101

$	268,106
$	216,159
$	1,133
$	24,224	
Total Assets	$	240,324	$	484,265	$	1,133	$	725,723	
Liabilities:
Accounts Payable	

$	1,387	

$	-	

$	-	

$	1,387	
Total Liabilities	$	1,387	$	-	$	-	$	1,387	

Fund Balances:
Restricted For Debt Service Assigned For Capital Reserves Unassigned	

$	-
$	-
$	238,938	

$	484,265
$	-
$	-	

$	-
$	1,133
$	-	

$	484,265
$	1,133
$	238,938	
Total Fund Balances	$	238,938	$	484,265	$	1,133	$	724,336	
					
Total Liabilities & Fund Equity	$	240,324	$	484,265	$	1,133	$	725,723	

General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Revenues:		
Special Assessments	$	313,137	$	313,137	$	322,333	$	9,196	
Total Revenues	$	313,137	$	313,137	$	322,333	$	9,196	

Expenditures:					
Administrative:					
Supervisor Fees	$	12,000	$	10,000	$	3,000	$	7,000	
FICA Expense	$	918	$	765	$	230	$	536	
Engineering Fees	$	12,000	$	10,000	$	4,066	$	5,934	
Attorney	$	25,000	$	20,833	$	11,581	$	9,252	
Arbitrage	$	450	$	450	$	450	$	-	
Dissemination	$	3,500	$	2,917	$	2,917	$	(0)	
Annual Audit	$	3,600	$	3,600	$	2,600	$	1,000	
Trustee Fees	$	5,000	$	5,000	$	4,041	$	959	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Management Fees	$	36,750	$	30,625	$	30,625	$	-	
Information Technology	$	1,800	$	1,500	$	1,500	$	-	
Website Maintenance	$	1,200	$	1,000	$	1,000	$	-	
Telephone	$	75	$	63	$	-	$	63	
Postage	$	500	$	417	$	139	$	278	
Insurance	$	5,915	$	5,915	$	5,590	$	325	
Printing & Binding	$	500	$	417	$	116	$	300	
Legal Advertising	$	2,835	$	2,363	$	1,272	$	1,091	
Other Current Charges	$	600	$	500	$	315	$	185	
Office Supplies	$	150	$	125	$	16	$	109	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Administrative:	$	118,218	$	101,913	$	74,882	$	27,031	
Operations & Maintenance					
Field Operations	$	7,875	$	6,563	$	6,563	$	-	
Property Insurance	$	5,000	$	5,000	$	-	$	5,000	
Electric	$	3,500	$	2,917	$	-	$	2,917	
Water & Sewer	$	20,000	$	16,667	$	-	$	16,667	
Landscape Maintenance	$	134,304	$	111,920	$	80,660	$	31,260	
Landscape Contingency	$	2,500	$	2,083	$	-	$	2,083	
Irrigation Repairs	$	2,500	$	2,083	$	-	$	2,083	
Lake Maintenance	$	8,220	$	6,850	$	25,475	$	(18,625)	
Pressure Washing	$	5,000	$	4,167	$	-	$	4,167	
Repairs & Maintenance	$	3,520	$	2,933	$	-	$	2,933	
Contingency	$	2,500	$	2,083	$	-	$	2,083	
Total Operations & Maintenance:	$	194,919	$	163,266	$	112,698	$	50,568	
					
Total Expenditures	$	313,137	$	265,179	$	187,580	$	77,599	
					
Excess Revenues (Expenditures)	$	-		$	134,753		
					
Fund Balance - Beginning	$	-		$	104,185		
					
Fund Balance - Ending	$	-		$	238,938		

Storey Drive
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Revenues:		
Special Assessments	$	536,213	$	536,213	$	551,957	$	15,744	
Interest	$	12,000	$	10,000	$	25,243	$	15,243	
Total Revenues	$	548,213	$	546,213	$	577,200	$	30,987	

Expenditures:					
Series 2022
Interest - 12/15	

$	166,581	

$	166,581	

$	166,581	

$	-	
Principal - 06/15	$	205,000	$	205,000	$	205,000	$	-	
Interest - 06/15	$	166,581	$	166,581	$	166,581	$	-	
Total Expenditures	$	538,163	$	538,163	$	538,163	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	(4,980)	$	(4,150)	$	(10,691)	$	6,541	
Total Other Financing Sources (Uses)	$	(4,980)	$	(4,150)	$	(10,691)	$	6,541	
					
Excess Revenues (Expenditures)	$	5,071		$	28,346		
					
Fund Balance - Beginning	$	200,763		$	455,920		
					
Fund Balance - Ending	$	205,834		$	484,265		

Storey Drive
Community Development District Capital Projects Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending July 31, 2024

	Adopted		Prorated Budget	Actual		
		Budget		Thru 07/31/24	Thru 07/31/24	Variance	
Revenues:							
Interest	$		-	$		-	$	1,007	$	1,007	
Total Revenues	$		-	$		-	$	1,007	$	1,007	

Expenditures:

Capital Outlay	

$		

-	$		

-	$	31,426	

$	(31,426)	
Total Expenditures	$		-	$		-	$	31,426	$	(31,426)	

Other Sources/(Uses)							
Transfer In/(Out)	$		-	$		-	$	10,691	$	(10,691)	
Total Other Financing Sources (Uses)	$		-	$		-	$	10,691	$	(10,691)	
							
Excess Revenues (Expenditures)	$		-		$	(19,728)		
							
Fund Balance - Beginning	$		-		$	20,860		
							
Fund Balance - Ending	$		-		$	1,133		

Storey Drive

Revenues:

Assessments

$

-

$

-

$	268,051  $

51,083  $

-

$

2,026  $

-

$

-

$

1,173  $

-

$

-

$

-

$

322,333

Total Revenues	$	-	$	-	$	268,051  $	51,083  $	-	$	2,026  $	-	$	-	$	1,173  $	-	$	-	$	-	$	322,333

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total

Expenditures:

Administrative:		
Supervisor Fees	$	-	$	-	$	-	$	
FICA Expense	$	-	$	-	$	-	$	

Community Development District Month to Month

800  $	800	$	-	$	600	$	-	$	800	$	-	$	-	$	-	$	3,000	
61  $	61	$	-	$	46	$	-	$	61	$	-	$	-	$	-	$	230	
Engineering Fees	$	165	$	-	$	248	$	-	$	-	$	700	$	350	$	450	$	1,979	$	175	$	-	$	-	$	4,066	
Attorney	$	1,326	$	-	$	1,276	$	3,249	$	1,450	$	1,269	$	726	$	203	$	1,557	$	527	$	-	$	-	$	11,581	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	292	$	292	$	292	$	292	$	292	$	292	$	292	$	292	$	292	$	292	$	-	$	-	$	2,917	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,600	$	-	$	-	$	2,600	
Trustee Fees	$	-	$	-	$	-	$	-	$	4,041	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	4,041	
Assessment Administration	$	5,250	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,250	
Management Fees	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	3,063	$	-	$	-	$	30,625	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-	$	-	$	1,500	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-	$	-	$	1,000	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Postage	$	5	$	49	$	3	$	5	$	47	$	9	$	8	$	6	$	5	$	2	$	-	$	-	$	139	

Insurance
Printing & Binding

$	5,590  $
$	31  $

-	$
22  $

-		$	-	$ 7

-	$	-	$

-	$	-	$

$	-	$	16	$	-	$	
$	-	$	-	$	-	$	
$	41	$	38	$	39	$	

5  $	15  $

-	$	-	$
-	$	21  $

-	$	-	$
-	$	-	$

5,590
116

Legal Advertising Other Current Charges

$	685  $	-	$	-
$	-	$	-	$	8

-	$
38  $

587  $
38  $

-	$
73  $

-	$
39  $

-	$	-	$
-	$	-	$

1,272
315

Office Supplies	$	0	$	0	$	0	$	15	$	0	$	0	$	0	$	0	$	0	$	0	$	-	$	-	$	16	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total Administrative:	$	16,831	$	3,675	$	5,146	$	7,774	$	10,057	$	5,621	$	5,377	$	4,903	$	8,530	$	6,968	$	-	$	-	$	74,882	

Operations & Maintenance												
Field Operations	$	656	$	656	$	656	$	656	$	656	$	656	$	656	$	656	$	656	$	656	$	-	$	-	$	6,563	
Property Insurance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Water & Sewer	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Landscape Maintenance	$	8,066	$	8,066	$	8,066	$	8,066	$	8,066	$	8,066	$	8,066	$	8,066	$	8,066	$	8,066	$	-	$	-	$	80,660	
Landscape Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Lake Maintenance	$	685	$	6,185	$	685	$	685	$	685	$	685	$	685	$	13,810	$	685	$	685	$	-	$	-	$	25,475	
Pressure Washing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Operations & Maintenance:	$	9,407	$	14,907	$	9,407	$	9,407	$	9,407	$	9,407	$	9,407	$	22,532	$	9,407	$	9,407	$	-	$	-	$	112,698	
												
Total Expenditures	$	26,238	$	18,583	$	14,553	$	17,181	$	19,464	$	15,028	$	14,784	$	27,436	$	17,937	$	16,375	$	-	$	-	$	187,580	
												
Excess Revenues (Expenditures)	$	(26,238)	$	(18,583)	$	253,499	$	33,901	$	(19,464)	$	(13,002)	$	(14,784)	$	(27,436)	$	(16,764)	$	(16,375)	$	-	$	-	$	134,753	

Storey Drive
Community Development District Developer Contributions/Due from Developer

Funding Request
#	Prepared Date	Payment Received
Date	Check Amount	Total Funding
Request	General Fund
Portion (22)*	General Fund
Portion (23)	Due from
Capital	Over and (short)
Balance Due	

12	
8/26/22	
9/7/22	
$	5,375.00	
$	5,375.00	
$	-	
$	5,375.00	
$	-	$	-	
13	9/14/22	10/20/22	$	10,022.09	$	10,022.09	$	5,022.09	$	5,000.00	$	-	$	-	
1	10/27/22	11/15/22	$	7,962.19	$	7,962.19	$	3,509.00	$	4,453.19	$	-	$	-	
2	9/1/23	1/26/24	$	40,450.06	$	40,450.06	$	-	$	40,450.06	$	-	$	-	
3	10/28/23	3/8/24	$	14,295.99	$	14,295.99	$	-	$	14,295.99	$	-	$	-	
Due from Developer	$	78,105.33	$	78,105.33	$	8,531.09	$	69,574.24	$	-	$	-	

Total Developer Contributions FY23	 $	69,574.24 

*Total amount in FY22 column does not reflect amounts from FY22 FR# 1-11.

Storey Drive
Community Development District Long Term Debt Report

SERIES 2022, SPECIAL ASSESSMENT BONDS	
INTEREST RATES:	2.550%, 3.000%, 3.250%, 4.000%		
MATURITY DATE:
RESERVE FUND DEFINITION RESERVE FUND REQUIREMENT	6/15/2052
50% OF MAXIMUM ANNUAL DEBT SERVICE
$268,106		
RESERVE FUND BALANCE	$268,106		
BONDS OUTSTANDING - 1/27/22		$9,710,000	
LESS: PRINCIPAL PAYMENT - 06/15/23		($200,000)	
LESS: PRINCIPAL PAYMENT - 06/15/24		($205,000)	
CURRENT BONDS OUTSTANDING		$9,305,000	

Storey Drive
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$	333,124.78	$	570,436.58	$	903,561.36	
	Net Assessments	$	313,137.29	$	536,210.39	$	849,347.68	
ON ROLL ASSESSMENTS		
36.87%	
63.13%	
100.00%	

Special Assessment Receipts Fiscal Year 2024

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	2022 Debt Service Asmt	
Total	

12/19/23	
6	
$756,901.59	
$110.04	
$30,276.14	
$541.88	
$727,057.29	
$268,051.30	
$459,005.99	
$727,057.29	
01/10/24	7	$144,328.56	$0.00	$5,773.14	$0.00	$138,555.42	$51,082.58	$87,472.84	$138,555.42	
03/13/24	9	$0.00	$0.00	$0.00	$5,495.59	$5,495.59	$2,026.11	$3,469.48	$5,495.59	
06/14/24	12	$0.00	$0.00	$0.00	$3,181.34	$3,181.34	$1,172.90	$2,008.44	$3,181.34	
08/13/24	14	$511.73	$220.90	$0.00	$0.00	$290.83	$107.22	$183.61	$290.83	
						$0.00	$0.00	$0.00	$0.00	
	TOTAL	$	901,741.88	$	330.94	$	36,049.28	$	9,218.81	$	874,580.47	$	322,440.11	$	552,140.36	$	874,580.47	

102.97%
$	(25,232.79)

Net Percent Collected
Balance Remaining to Collect

Storey Drive COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Bonds, Series 2022

Date	Requisition #	Contractor	Description	Requisition

Fiscal Year 2024
10/31/23		9	Poulos & Bennett, LLC			Invoice #19-060(80) - Utility ownership coordination. 11/7/23	10	Poulos & Bennett, LLC	Invoice #19-060(82) - Revision of District requisition costs. 6/21/24	11		Lennar Homes LLC		Reimbursement of unfunded infrastructure for PH1 & 2

$	82.50
$	742.50
$	31,426.17

TOTAL	$	32,251.17

Fiscal Year 2024
10/2/23	Interest
10/3/23	Transfer from Reserve
11/1/23	Interest
11/2/23	Transfer from Reserve
12/1/23	Interest
12/4/23	Transfer from Reserve
1/2/24	Interest
1/3/24	Transfer from Reserve
2/1/24	Interest
2/2/24	Transfer from Reserve
3/1/24	Interest
3/4/24	Transfer from Reserve
4/1/24	Interest
4/2/24	Transfer from Reserve
5/1/24	Interest
5/2/24	Transfer from Reserve
6/3/24	Interest
6/4/24	Transfer from Reserve
7/1/24	Interest
7/2/24	Transfer from Reserve

$	88.10
$	1,055.17
$	92.87
$	1,094.30
$	92.37
$	1,062.85
$	99.22
$	1,097.72
$	103.82
$	1,093.07
$	101.15
$	1,015.77
$	112.39
$	1,085.90
$	113.58
$	1,049.49
$	122.22
$	1,085.70
$	81.63
$	1,051.24

TOTAL	$	11,698.56

Project (Construction) Fund at 09/30/23 Interest Earned/Transferred Funds thru 7/31/24 Requisitions Paid thru 7/31/24

$	21,685.48
$	11,698.56
$	(32,251.17)

Remaining Project (Construction) Fund	 $	1,132.87 

Section 3

BOARD OF SUPERVISORS MEETING DATES STOREY DRIVE COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025

The Board of Supervisors of the Storey Drive Community Development District will hold their regular meetings for Fiscal Year 2025 at 10:00 AM, at the GMS-CF, LLC, 219 E. Livingston Street, Orlando, FL 32801, on the first Thursday of the month, unless otherwise indicated, as follows:

October 3, 2024
November 7, 2024
December 5, 2024
January 2, 2025
February 6, 2025
March 6, 2025
April 3, 2025
May 1, 2025
June 5, 2025
July 3, 2025
August 7, 2025
September 4, 2025

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from the District Manager, Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, FL 32801 or by calling
(407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by speaker telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

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

Section 4

Memorandum
To: Board of Supervisors From: District Management Date: June 11, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the ﬁrst full ﬁscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identiﬁed the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reﬂects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Storey Drive Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections

Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐

 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit

Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Storey Drive Community Development District

District Manager:		Date:	 Print Name:	 
Storey Drive Community Development District

Section 5

REBATE REPORT
$9,710,000
Storey Drive Community Development District
(City of Orlando, Florida)
Special Assessment Bonds Series 2022

Dated: January 27, 2022
Delivered: January 27, 2022

Rebate Report to the Computation Date January 27, 2025
Reflecting Activity To January 31, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	10	
Arbitrage Rebate Calculation Detail Report – Acquisition and Construction Fund	12	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	13	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	14	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	15	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	16	

June 6, 2024

Storey Drive Community Development District c/o Ms. Teresa Viscarra
Government Management Services – CF, LLC 6200 Lee Vista Boulevard
Suite 300
Orlando, FL 32822

Re:	$9,710,000 Storey Drive Community Development District, (City of Orlando, Florida),
Special Assessment Bonds, Series 2022	

Dear Ms. Viscarra:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of Storey Drive Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended s(the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.
Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of January 27, 2025, the Computation Date. Thank you for this engagement and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the January 27, 2025 Computation Date
Reflecting Activity from January 27, 2022 through January 31, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition and Construction Fund	1.901288%	214,091.33	(167,435.08)	
Capitalized Interest Fund	0.060640%	30.14	(1,743.80)	
Cost of Issuance Fund	0.000000%	0.00	(2.86)	
Debt Service Reserve Fund	2.987372%	16,173.73	(1,699.23)	
Totals	1.942750%	$230,295.20	$(170,880.97)	
Bond Yield	3.288207%		
Rebate Computation Credits	(4,230.74)	
Net Rebatable Arbitrage	$(175,111.71)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For the purpose of computing Rebatable Arbitrage, investment activity is reflected from January 27, 2022, the date of the closing, to January 31, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of January 27, 2025.

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

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between February 1, 2010 and January 31, 2024, the District made periodic payments into the Interest Fund and Sinking Fund (collectively, the “Debt Service Funds”), which were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f) (4) (A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Funds and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
January 27, 2025.

Computation Period
The period beginning on January 27, 2022, the date of the closing, and ending on January 31, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on January 27th, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds.

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

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

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

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

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

Fund	Account Number	
Revenue	252703000	
Interest	252703001	
Sinking	252703002	
Reserve	252703003	
Prepayment	252703004	
Acquisition and Construction	252703005	
Cost of Issuance	252703006	

METHODOLOGY

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

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of January 31, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to January 27, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on January 27, 2025, is the Rebatable Arbitrage.

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Delivered: January 27, 2022

Sources of Funds

Par Amount	$9,710,000.00	
Net Original Issue Premium	209,766.10	
Total	$9,919,766.10	

Uses of Funds

Acquisition and Construction Fund	$9,116,917.56	
Capitalized Interest Fund	129,667.29	
Cost of Issuance Fund	210,875.00	
Debt Service Reserve Fund	268,106.25	
Underwriter’s Discount	194,200.00	
Total	$9,919,766.10	

PROOF OF ARBITRAGE YIELD
$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022

Date	
Debt Service	Present Value to 01/27/2022
@ 3.2882067646%	
06/15/2022	129,667.29	128,056.24	
12/15/2022	169,131.25	164,328.16	
06/15/2023	369,131.25	352,847.27	
12/15/2023	166,581.25	156,657.02	
06/15/2024	371,581.25	343,791.68	
12/15/2024	163,967.50	149,250.97	
06/15/2025	373,967.50	334,896.84	
12/15/2025	161,290.00	142,102.74	
06/15/2026	376,290.00	326,163.59	
12/15/2026	158,548.75	135,205.21	
06/15/2027	378,548.75	317,592.51	
12/15/2027	155,743.75	128,551.42	
06/15/2028	380,743.75	309,183.87	
12/15/2028	152,368.75	121,730.04	
06/15/2029	387,368.75	304,469.82	
12/15/2029	148,843.75	115,098.08	
06/15/2030	388,843.75	295,821.96	
12/15/2030	145,243.75	108,710.27	
06/15/2031	390,243.75	287,360.37	
12/15/2031	141,568.75	102,559.55	
06/15/2032	4,801,568.75	3,422,233.89	
12/15/2032	49,643.75	34,810.39	
06/15/2033	314,643.75	217,060.73	
12/15/2033	45,337.50	30,770.71	
06/15/2034	315,337.50	210,558.80	
12/15/2034	40,950.00	26,901.07	
06/15/2035	320,950.00	207,429.62	
12/15/2035	36,400.00	23,144.76	
06/15/2036	326,400.00	204,182.81	
12/15/2036	31,687.50	19,501.81	
06/15/2037	331,687.50	200,832.39	
12/15/2037	26,812.50	15,972.02	
06/15/2038	336,812.50	197,391.51	
12/15/2038	21,775.00	12,554.99	
06/15/2039	341,775.00	193,872.49	
12/15/2039	16,575.00	9,250.12	
06/15/2040	346,575.00	190,286.83	
12/15/2040	11,212.50	6,056.64	
06/15/2041	351,212.50	186,645.32	
12/15/2041	5,687.50	2,973.63	
06/15/2042	355,687.50	182,957.98	
	13,538,404.79	9,919,766.10	
	
Proceeds Summary		

Delivery date	01/27/2022	
Par Value	9,710,000.00	
Premium (Discount)	209,766.10	
Target for yield calculation	9,919,766.10	

BOND DEBT SERVICE
$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
01/27/2022						
06/15/2022			129,667.29	129,667.29	129,667.29	
12/15/2022			169,131.25	169,131.25		
06/15/2023	200,000	2.550%	169,131.25	369,131.25	538,262.50	
12/15/2023			166,581.25	166,581.25		
06/15/2024	205,000	2.550%	166,581.25	371,581.25	538,162.50	
12/15/2024			163,967.50	163,967.50		
06/15/2025	210,000	2.550%	163,967.50	373,967.50	537,935.00	
12/15/2025			161,290.00	161,290.00		
06/15/2026	215,000	2.550%	161,290.00	376,290.00	537,580.00	
12/15/2026			158,548.75	158,548.75		
06/15/2027	220,000	2.550%	158,548.75	378,548.75	537,097.50	
12/15/2027			155,743.75	155,743.75		
06/15/2028	225,000	3.000%	155,743.75	380,743.75	536,487.50	
12/15/2028			152,368.75	152,368.75		
06/15/2029	235,000	3.000%	152,368.75	387,368.75	539,737.50	
12/15/2029			148,843.75	148,843.75		
06/15/2030	240,000	3.000%	148,843.75	388,843.75	537,687.50	
12/15/2030			145,243.75	145,243.75		
06/15/2031	245,000	3.000%	145,243.75	390,243.75	535,487.50	
12/15/2031			141,568.75	141,568.75		
06/15/2032	255,000	3.000%	141,568.75	396,568.75	538,137.50	
12/15/2032			137,743.75	137,743.75		
06/15/2033	265,000	3.250%	137,743.75	402,743.75	540,487.50	
12/15/2033			133,437.50	133,437.50		
06/15/2034	270,000	3.250%	133,437.50	403,437.50	536,875.00	
12/15/2034			129,050.00	129,050.00		
06/15/2035	280,000	3.250%	129,050.00	409,050.00	538,100.00	
12/15/2035			124,500.00	124,500.00		
06/15/2036	290,000	3.250%	124,500.00	414,500.00	539,000.00	
12/15/2036			119,787.50	119,787.50		
06/15/2037	300,000	3.250%	119,787.50	419,787.50	539,575.00	
12/15/2037			114,912.50	114,912.50		
06/15/2038	310,000	3.250%	114,912.50	424,912.50	539,825.00	
12/15/2038			109,875.00	109,875.00		
06/15/2039	320,000	3.250%	109,875.00	429,875.00	539,750.00	
12/15/2039			104,675.00	104,675.00		
06/15/2040	330,000	3.250%	104,675.00	434,675.00	539,350.00	
12/15/2040			99,312.50	99,312.50		
06/15/2041	340,000	3.250%	99,312.50	439,312.50	538,625.00	
12/15/2041			93,787.50	93,787.50		
06/15/2042	350,000	3.250%	93,787.50	443,787.50	537,575.00	
12/15/2042			88,100.00	88,100.00		
06/15/2043	365,000	4.000%	88,100.00	453,100.00	541,200.00	
12/15/2043			80,800.00	80,800.00		
06/15/2044	380,000	4.000%	80,800.00	460,800.00	541,600.00	
12/15/2044			73,200.00	73,200.00		
06/15/2045	395,000	4.000%	73,200.00	468,200.00	541,400.00	
12/15/2045			65,300.00	65,300.00		
06/15/2046	410,000	4.000%	65,300.00	475,300.00	540,600.00	
12/15/2046			57,100.00	57,100.00		
06/15/2047	430,000	4.000%	57,100.00	487,100.00	544,200.00	
12/15/2047			48,500.00	48,500.00		
06/15/2048	445,000	4.000%	48,500.00	493,500.00	542,000.00	
12/15/2048			39,600.00	39,600.00		
06/15/2049	465,000	4.000%	39,600.00	504,600.00	544,200.00	
12/15/2049			30,300.00	30,300.00		
06/15/2050	485,000	4.000%	30,300.00	515,300.00	545,600.00	

BOND DEBT SERVICE
$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
12/15/2050			20,600.00	20,600.00		
06/15/2051	505,000	4.000%	20,600.00	525,600.00	546,200.00	
12/15/2051			10,500.00	10,500.00		
06/15/2052	525,000	4.000%	10,500.00	535,500.00	546,000.00	
	9,710,000		6,618,404.79	16,328,404.79	16,328,404.79	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)

01/27/22	Beg	Bal	-9,116,917.56	-10,054,052.83	
02/02/22			-0.22	-0.24	
03/02/22			-1.25	-1.37	
04/04/22			-1.36	-1.49	
05/03/22			-1.32	-1.44	
05/20/22			4,020.00	4,388.07	
06/02/22			-36.26	-39.54	
07/05/22			-113.06	-122.91	
08/02/22			-217.05	-235.38	
09/02/22			-351.14	-379.76	
10/04/22			-404.33	-436.02	
10/17/22			1,177.50	1,268.31	
11/02/22			-548.41	-589.90	
11/23/22			165.00	177.15	
12/02/22			-684.28	-734.05	
12/22/22			-0.33	-0.35	
01/04/23			-782.58	-837.07	
02/02/23			-832.80	-888.53	
03/02/23			-798.77	-849.91	
04/04/23			-911.28	-966.82	
04/17/23			618.75	655.69	
04/17/23			165.00	174.85	
04/18/23			9,311,491.35	9,866,452.19	
05/02/23			-933.16	-987.52	
06/02/23			-1,016.89	-1,073.21	
07/05/23			-998.01	-1,050.14	
08/02/23			-1,045.66	-1,097.59	
09/02/23			-1,087.81	-1,138.73	
09/14/23			165.00	172.54	
09/14/23			1,815.00	1,897.90	
10/03/23			-1,055.17	-1,101.47	
10/31/23			82.50	85.91	
11/02/23			-1,094.30	-1,139.32	
11/07/23			742.50	772.70	
12/04/23			-1,062.85	-1,103.37	
01/03/24			-1,097.72	-1,136.58	
01/31/24	Bal		25,543.08	26,382.72	
01/31/24	Acc		99.22	102.48	
01/27/25	TOTALS:	214,091.33	-167,435.08	

ISSUE DATE:	01/27/22	
REBATABLE ARBITRAGE:	
-167,435.08	
COMP DATE:	01/27/25	NET INCOME:	214,091.33	
BOND YIELD: 3.288207%	TAX INV YIELD:	1.901288%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)

01/27/22	Beg	Bal	-129,667.29	-142,995.89	
02/02/22			0.11	0.12	
03/02/22			0.60	0.66	
04/04/22			0.66	0.72	
05/03/22			0.64	0.70	
06/02/22			17.54	19.13	
06/15/22			129,667.29	141,219.25	
07/01/22			10.59	11.52	
01/27/25	TOTALS:	30.14	-1,743.80	

ISSUE DATE:	
01/27/22	
REBATABLE ARBITRAGE:	
-1,743.80	
COMP DATE:	01/27/25	NET INCOME:	30.14	
BOND YIELD:	3.288207%	TAX INV YIELD:	0.060640%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)

01/27/22	Beg	Bal	-210,875.00	-232,551.01	
01/27/22			55,000.00	60,653.49	
01/27/22			46,000.00	50,728.38	
01/27/22			33,500.00	36,943.49	
01/27/22			6,000.00	6,616.74	
01/27/22			1,500.00	1,654.19	
01/27/22			63,150.00	69,641.24	
02/02/22			5,725.00	6,310.62	
01/27/25	TOTALS:	0.00	-2.86	

ISSUE DATE:	
01/27/22	
REBATABLE ARBITRAGE:	
-2.86	
COMP DATE:	01/27/25	NET INCOME:	0.00	
BOND YIELD:	3.288207%	TAX INV YIELD:	0.000000%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)

01/27/22	Beg	Bal	-268,106.25	-295,665.11	
02/02/22			0.22	0.24	
03/02/22			1.25	1.37	
04/04/22			1.36	1.49	
05/03/22			1.32	1.44	
06/02/22			36.26	39.54	
07/05/22			113.06	122.91	
08/02/22			217.05	235.38	
09/02/22			351.14	379.76	
10/04/22			404.33	436.02	
11/02/22			548.41	589.90	
12/02/22			684.28	734.05	
12/22/22			0.33	0.35	
01/04/23			782.58	837.07	
02/02/23			832.80	888.53	
03/02/23			798.77	849.91	
04/04/23			911.28	966.82	
05/02/23			933.16	987.52	
06/02/23			1,016.89	1,073.21	
07/05/23			998.01	1,050.14	
08/02/23			1,045.66	1,097.59	
09/02/23			1,087.81	1,138.73	
10/03/23			1,055.17	1,101.47	
11/02/23			1,094.30	1,139.32	
12/04/23			1,062.85	1,103.37	
01/03/24			1,097.72	1,136.58	
01/31/24	Bal		268,106.25	276,919.34	
01/31/24	Acc		1,097.72	1,133.80	
01/27/25	TOTALS:	16,173.73	-1,699.23	

ISSUE DATE:	01/27/22	
REBATABLE ARBITRAGE:	
-1,699.23	
COMP DATE:	01/27/25	NET INCOME:	16,173.73	
BOND YIELD: 3.288207%	TAX INV YIELD:	2.987372%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)	
01/27/23	-1,960.00	-2,092.11	
01/27/24	-2,070.00	-2,138.63	
01/27/25	TOTALS:	-4,030.00	-4,230.74	

ISSUE DATE:	01/27/22	REBATABLE ARBITRAGE: -4,230.74 COMP DATE:	01/27/25
BOND YIELD: 3.288207%