VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING FEBRUARY 20, 2025
6:30 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.valenciaacrescdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT
Cafeteria of Somerset Charter School 18491 SW 134th Avenue Miami, Florida 33177
REGULAR BOARD MEETING
February 20, 2025
6:30 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Declare Vacancies followed by Appointments and Oaths of Office for Seats 3, 4 and 5
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 17, 2024 Regular Board Meeting Minutes	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Approving a Proposed Budget for FY 2025/2026	Page 5
Consider Resolution No. 2025-02 – Registered Agent Change	Page 12
Administrative Matters
Financial Report	Page 14
Board Member/Staff Comments
Adjourn

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
142056	598060	Print Legal Ad-IPL01970530 - IPL0197053		$588.11	2	39 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Valencia Acres Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 1 insertion(s) published on:
10/07/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of two years next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 7th day of October in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County
Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 17, 2024

CALL TO ORDER

Mrs. Perez called the October 17, 2024, Regular Board Meeting of the Valencia Acres Community Development District (the “District”) to order at 6:31 p.m. in the Cafeteria of Somerset Charter School located at 18491 SW 134th Avenue, Miami, Florida 33177.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Miami Herald on October 7, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting: Chairperson Yvette Bishop (via phone), Vice Chairman Ramses Bonet and Supervisors Robert Perez, Sarojini “Soma” Mohan and Sandi Rae Chamyan.

Also in attendance were District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Liza Smoker of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

Also present was Luis Cassanova, a member of the public.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions to deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
April 18, 2024, Public Hearing & Regular Board Meeting

Mrs. Perez presented the minutes of the April 18, 2024, Public Hearing & Regular Board Meeting and asked if there were any corrections or additions.

A MOTION was made by Supervisor Chamyan, seconded by Supervisor Perez and unanimously passed approving the minutes of the April 18, 2024, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS
There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2023/2024 Amended Budget

Mrs. Perez presented Resolution No. 2024-05, entitled:

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mrs. Perez explained, as done every year for administrative and statutory requirements, within 60 days of any given fiscal year end, the Board adopts a revised/amended budget for said year. The fiscal year ended on September 30, 2024. This is the reason it is administrative in nature (past year’s budget for past year’s expenses) and will serve as the Board’s final approval/ratification of the District’s expenditures for the past fiscal year.

A MOTION was made by Supervisor Bonet, seconded by Supervisor Chamyan and unanimously passed adopting Resolution No. 2024-05, adopting a Fiscal Year 2023/2024 Amended Budget.

Consider Resolution No. 2024-06 – Adopting Goals and Objectives

Mrs. Perez presented Resolution No. 2024-06, entitled:

RESOLUTION 2024-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Ms. Smoker provided an overview of the resolution.

A MOTION was made by Supervisor Perez, seconded by Supervisor Bishop and unanimously passed adopting Resolution No. 2024-06, as presented.

ADMINISTRATIVE MATTERS
Financial Report

Mrs. Perez presented the financials in the meeting book and briefly reviewed them with the Board, pointing out that available funds as of September 30, 2024, were $99,932.68.

A MOTION was made by Supervisor Chamyan, seconded by Supervisor Bishop and passed unanimously ratifying and approving the financials, as presented.

Update on Miami-Dade County Supervisor of Elections’ Qualified Candidates

Mrs. Perez advised, pursuant to the Miami-Dade County Supervisor of Elections’ website (https://www.voterfocus.com/CampaignFinance/candidate_pr.php?c=miamidade) that no one had qualified for Seats 3, 4, and 5. Thes seats are currently held by the following:

Seat 3 Sarojini “Soma” Mohan
Seat 4 Ramses Bonet Seat 5 Sandi Chamyan

BOARD MEMBER/STAFF COMMENTS
District Counsel Update on 2024 Legislative Session

Ms. Smoker provided an overview of the 2024 Florida Legislative Session Memorandum that was presented in the meeting materials.

District Counsel Supplement to Legislative Session Update

Ms. Smoker went over the Supplement to the Legislative Session Memorandum and elaborated on the newly required affidavit as well as providing a reminder for the required ethics training due prior to the end of the year.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Bonet, seconded by Supervisor Bishop adjourning the Regular Board Meeting at 6:41 p.m. The MOTION carried unanimously.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Valencia Acres Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2025/2026 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for April 22, 2025 at 6:30 p.m. in the Cafeteria of Somerset Charter School, 18491 SW 134th Avenue, Miami, Florida 33177, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 20th day of February, 2025.

ATTEST:	VALENCIA ACRES
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Valencia Acres Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	45,785	
Debt Assessments	116,569	
Interest Income	720	
		
TOTAL REVENUES	$	163,074	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	383	
Engineering/Inspections	1,000	
Management	15,000	
Legal	7,000	
Assessment Roll	4,000	
Audit Fees	3,500	
Insurance	7,200	
Legal Advertisements	2,200	
Miscellaneous	350	
Postage	275	
Office Supplies	275	
Dues & Subscriptions	175	
Trustee Fees	2,550	
Continuing Disclosure Fee	350	
Website Management	1,750	
		
TOTAL EXPENDITURES	$	51,008	
		
REVENUES LESS EXPENDITURES	$	112,066	
		
Bond Payments	(109,575)	
		
Balance	$	2,491	
		
County Appraiser & Tax Collector Fee	(3,247)	
Discounts For Early Payments	(6,494)	
		
EXCESS/ (SHORTFALL)	$	(7,250)	
		
Carryover From Prior Year	7,250	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR 2023/2024
ACTUAL	

FISCAL YEAR 2024/2025
BUDGET	

FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M Assessments	46,588	45,798	45,785	Expenditures Less Interest & Carryover/.94	
Debt Assessments	101,283	101,283	116,569	Bond Payments/.94	
Interest Income	5,916	480	720	Projected At $60 Per Month	
					
TOTAL REVENUES	$	153,787	$	147,561	$	163,074		
					
EXPENDITURES					
Supervisor Fees	5,400	4,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	413	305	383	Supervisor Fees *7.65%	
Engineering/Inspections	0	1,000	1,000	No Change From 2024/2025 Budget	
Management	15,000	15,000	15,000	No Change From 2024/2025 Budget	
Legal	6,433	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	4,000	4,000	4,000	No Change From 2024/2025 Budget	
Audit Fees	3,300	3,400	3,500	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,100	7,200	Fiscal Year 2024/2025 Expenditure was $6,858	
Legal Advertisements	2,117	1,500	2,200	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	192	375	350	$25 Decrease From 2024/2025 Budget	
Postage	190	325	275	Mailing Needed In 2025 Due To Assessment Increase	
Office Supplies	85	300	275	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	2,500	2,550	2,550	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	1,750	1,750	1,750	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	48,499	$	49,130	$	51,008		
					
REVENUES LESS EXPENDITURES	$	105,288	$	98,431	$	112,066		
					
Bond Payments	(96,612)	(95,206)	(109,575)	2026 P & I Payments Less Earned Interest	
					
Balance	$	8,676	$	3,225	$	2,491		
					
County Appraiser & Tax Collector Fee	(1,423)	(2,942)	(3,247)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(5,365)	(5,883)	(6,494)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	1,888	$	(5,600)	$	(7,250)		
					
Carryover From Prior Year	0	5,600	7,250	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	1,888	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
2,388	
300	
500	
Projected Interest For 2025/2026	

NAV Tax Collection	
96,612	
94,811	
109,575	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	99,000	
$	95,111	
$	110,075		

EXPENDITURES					

Principal Payments	
65,639	
67,968	
70,380	
Principal Payment Due In 2026	

Interest Payments	
30,821	
27,143	
32,456	
Interest Payments Due In 2026	

Bond Redemption	
0	
0	
7,239	
Estimated Excess Debt Collections	

Total Expenditures	
$	96,460	
$	95,111	
$	110,075		

Excess/ (Shortfall)	
$	2,540	
$	-	
$	-		

Series 2016 Bond Refunding Information

Original Par Amount =	$1,265,410	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.5% - 5.8%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date = Maturity Date =	July 2016
May 2034			
Par Amount As Of 1/1/25 =	$799,149			

Valencia Acres Community Development District
Assessment Comparison

	2017 through 2025 Debt Service Assessment Before Discount*	2026 through 2034 Debt Service Assessment Before Discount*	Fiscal Year 2021/2022
Assessment Before Discount*	Fiscal Year 2022/2023
Assessment Before Discount*	Fiscal Year 2023/2024
Assessment
Before Discount*	Fiscal Year 2024/2025
Assessment
Before Discount*	Fiscal Year 2025/2026
Projected Assessment
Before Discount*	

O & M	$	-	$	-	$	318.45	$	318.45	$	318.45	$	318.05	$	317.96	
Debt	$	704.84	$	809.51	$	704.84	 $	704.84	 $	704.84	 $	704.84	 $	809.51	
Total	$	704.84	$	809.51	$	1,023.29	$	1,023.29	$	1,023.29	$	1,022.89	$	1,127.47	

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:
Total Units	144

IV

RESOLUTION 2025-02

A RESOLUTION OF THE VALENCIA ACRES COMMUNITY	DEVELOPMENT	DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the Valencia Acres Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.

Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.

Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

1

Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 	20th	DAY OF
	February	, 2025.

ATTEST:

VALENCIA ACRES
COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

2

Valencia Acres Community Development District

Financial Report For January 2025

Valencia Acres Community Development District
Budget vs. Actual
October 2024 through January 2025

	Oct '24 - Jan 25		24/25 Budget		$ Over Budget		% of Budget	
Income								
363.100 ꞏ O & M Assessments	38,226.06		45,798.00		-7,571.94		83.47%	
363.810 ꞏ Debt Assessments	84,714.03		101,283.00		-16,568.97		83.64%	
363.820 ꞏ Debt Assessment-Paid To Trustee	-80,500.31		-95,206.00		14,705.69		84.55%	
363.830 ꞏ County Appraiser & Tax Coll Fee	-1,180.05		-2,942.00		1,761.95		40.11%	
363.831 ꞏ Discounts For Early Payments	-4,934.91		-5,883.00		948.09		83.88%	
369.401 ꞏ Interest Income	638.02		480.00		158.02		132.92%	
369.402 ꞏ Carryover From Prior Year	0.00		5,600.00		-5,600.00		0.0%	
Total Income	36,962.84		49,130.00		-12,167.16		75.24%	
Expense								
511.131 ꞏ Supervisor Fees	1,000.00		4,000.00		-3,000.00		25.0%	
511.132 ꞏ Payroll Taxes	76.50		305.00		-228.50		25.08%	
511.310 ꞏ Engineering/Inspections	0.00		1,000.00		-1,000.00		0.0%	
511.311 ꞏ Management Fees	5,000.00		15,000.00		-10,000.00		33.33%	
511.315 ꞏ Legal Fees	2,145.00		7,000.00		-4,855.00		30.64%	
511.318 ꞏ Assessment/Tax Roll	0.00		4,000.00		-4,000.00		0.0%	
511.320 ꞏ Audit Fees	0.00		3,400.00		-3,400.00		0.0%	
511.450 ꞏ Insurance	6,858.00		7,100.00		-242.00		96.59%	
511.480 ꞏ Legal Advertisements	588.11		1,500.00		-911.89		39.21%	
511.512 ꞏ Miscellaneous	72.58		375.00		-302.42		19.36%	
511.513 ꞏ Postage and Delivery	23.54		325.00		-301.46		7.24%	
511.514 ꞏ Office Supplies	14.05		300.00		-285.95		4.68%	
511.540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 ꞏ Trustee Fees	0.00		2,550.00		-2,550.00		0.0%	
511.734 ꞏ Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
511.750 ꞏ Website Management	583.32		1,750.00		-1,166.68		33.33%	
Total Expense	16,536.10		49,130.00		-32,593.90		33.66%	
Net Income		20,426.74			0.00			20,426.74			100.0%	

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JANUARY 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Jan-25	Year To Date Actual
10/1/24 - 1/31/25	
O & M Assessments	45,798	0	38,226	
Debt Assessments	101,283	0	84,714	
Other Revenue	0	0	0	
Interest Income	480	0	638	
				
Total Revenues	$	147,561	$	-	$	123,578	
				
EXPENDITURES				
Supervisor Fees	4,000	0	1,000	
Payroll Taxes	305	0	77	
Engineering/Inspections	1,000	0	0	
Management	15,000	1,250	5,000	
Legal	7,000	0	2,145	
Assessment Roll	4,000	0	0	
Audit Fees	3,400	0	0	
Insurance	7,100	0	6,858	
Legal Advertisements	1,500	0	588	
Miscellaneous	375	0	73	
Postage	325	3	24	
Office Supplies	300	0	14	
Dues & Subscriptions	175	0	175	
Trustee Fee	2,550	0	0	
Continuing Disclosure Fee	350	0	0	
Website Management	1,750	146	582	
				
Total Expenditures	$	49,130	$	1,399	$	16,536	
				
Revenues Less Expenditures	$	98,431	$	(1,399)	$	107,042	
				
Bond Payments	(95,206)	0	(80,500)	
				
Balance	$	3,225	$	(1,399)	$	26,542	
				
County Appraiser & Tax Collector Fee	(2,942)	0	(1,180)	
Discounts For Early Payments	(5,883)	0	(4,935)	
				
EXCESS/ (SHORTFALL)	$	(5,600)	$	(1,399)	$	20,427	
				
Carryover From Prior Year	5,600	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(1,399)	$	20,427	

Bank Balance As Of 1/31/25	$	202,654.49	
Accounts Payable As Of 1/31/25	$	82,299.14	
Accounts Receivable As Of 1/31/25	$	-	
Available Funds As Of 1/31/25	$	120,355.35	

VALENCIA ACRES CDD TAX COLLECTIONS 2024-2025

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	O & M Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	O & M Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$  147,296.00	$45,799.00	$  101,497.00	$45,799.00	$  101,497.00		
									$  138,256.00	$43,050.00	$	95,206.00	$43,050.00	$	95,206.00	$	95,206.00	
1	1	Miami-Dade Tax Collector	12/09/24	NAV Taxes	$  101,266.11		$	(972.16)	$ (4,050.84)	$	96,243.11	$	31,486.95	$	69,779.16	$  29,925.21	$	66,317.90	$	66,317.90	
2	2	Miami-Dade Tax Collector	11/25/24	NAV Taxes	$	9,206.01		$	(88.38)	$	(368.28)	$	8,749.35	$	2,862.45	$	6,343.56	$	2,720.47	$	6,028.88	$	6,028.88	
3	3	Miami-Dade Tax Collector	11/26/24	NAV Taxes	$	11,251.79		$	(108.01)	$	(450.10)	$	10,693.68	$	3,498.55	$	7,753.24	$	3,325.03	$	7,368.65	$	7,368.65	
4	4	Miami-Dade Tax Collector	12/04/24	NAV Taxes	$	1,216.18		$	(11.50)	$	(65.69)	$	1,138.99	$	378.11	$	838.07	$	354.11	$	784.88	$	784.88	
5									$	-					$	-	
6									$	-					$	-	
7									$	-					$	-	
8									$	-					$	-	
9									$	-					$	-	
10									$	-					$	-	
11									$	-					$	-	
12									$	-					$	-	
13									$	-					$	-	
14									$	-					$	-	
15									$	-					$	-	
16									$	-						
17									$	-						
					$  122,940.09	$	-	$	(1,180.05)	$ (4,934.91)	$  116,825.13	$	38,226.06	$	84,714.03	$  36,324.82	$	80,500.31	$	80,500.31	

O&M:	Assessment Roll = $147,296.16

$45,799.20	Collections 83.46%	Note: $147,296, $45,799 and $101,497 are 2024/2025 Budgeted assessments before discounts and fees.
$138,256, $43,050, and $95,206 are 2024/2025 Budgeted	
Debt:	$101,496.96		assessments after discounts and fees.	
	
$147,296.16			

$  122,940.09	
$	-	$  116,825.13	
$  (38,226.06)	$	(36,324.82)	
$  (84,714.03)	$	(80,500.31)	
$	-	$	-