TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public Hearing August 23, 2022
6:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.treeislandestatescdd.org 786.303.3661 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT
Kendall Executive Center 8785 SW 165th Avenue, Suite 200
Miami, Florida 33193
REGULAR BOARD MEETING & PUBLIC HEARING
August 23, 2022
6:00 p.m.

Call to Order
Proof of Publication.	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 22, 2022 Regular Board Meeting…	Page 2
Old Business
Update Regarding Installation of Entrance Feature – SW 26th Street & SW 152ndAvenue
New Business
Consider Resolution No. 2022-02 – Resetting Public Hearing Date to Adopt Fiscal Year
2022/2023 Final Budget…	Page 5
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Meeting Schedule…	Page 6
Public Hearing
Proof of Publication…	Page 8
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-04 – Adopting Fiscal Year 2022/2023 Final Budget…	Page 9
Administrative Matters
Financial Report…	Page 16
Additional Board Member/Staff Comments and Requests
Adjourn

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Page 1

TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 22, 2022

CALL TO ORDER

The March 22. 2022, Regular Board Meeting of the Tree Island Estates Community Development District (the “District”) was called to order at 6:00 p.m. in the meeting room at the Kendall Executive Office located at 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 13, 2021, as part of the District’s Fiscal Year 2021/2022 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chairperson Luis Delrio, Vice Chairperson Monica Suarez) and Supervisors Oremia Delrio and Donville Morrison constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Armando Silva of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or 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
November 23, 2021, Regular Board Meeting

The minutes of the November 23, 2021, Regular Board Meeting were presented for approval.

A MOTION was made by Mr. Morrison, seconded by Mr. Delrio and unanimously passed approving the minutes of the November 23, 2021, Regular Board Meeting, as presented.

OLD BUSINESS

Update Regarding Installation of Entrance Feature – SW 26th Street & SW 152nd Avenue

Mr. Silva informed the Board that the construction of the entrance feature located at the intersection of SW 26th Street (Coral Way) and SW 152nd Avenue has been completed. At the start of the rainy season, oak trees will be planted since there is no irrigation system in the area. In addition, Solar LED

lamps will be installed in the upcoming weeks which will illuminate the entrance feature at night. More information will be provided at an upcoming meeting.

NEW BUSINESS
Consider Resolution No. 2022-01 – Adopting a Fiscal Year 2022/2023 Proposed

Mr. Silva presented Resolution No. 2022-01, entitled:

RESOLUTION NO. 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva read the tile of the resolution into the record and provided a brief overview of the proposed budget. Mr. Silva stated that the overall assessment for the fiscal year 2022/2023 would remain the same as the fiscal year 2021/2022 assessment, so letters to residents would not be required. A discussion ensued after which;

A MOTION was made by Mr. Morrison, seconded by Ms. Delrio and unanimously passed to approve and adopt Resolution No. 2022-01, as presented, setting the public hearing to adopt the 2022/2023 Fiscal Year Final Budget and Assessments for June 28, 2022, at 6:00 p.m. in the Kendall Executive Center located at 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193.

ADMINISTRATIVE MATTERS
Financial Report
Mr. Silva presented the Financial Reports through March 2021, and the Assessment Collections, which were provided in the meeting booklet. He indicated that available funds as of February 28, 2021, were $258,307.50.

Discussion Regarding General Election Qualifying Period (Seat #1 & #2): Noon, Monday, June 13, 2022 through Noon, Friday, June 17, 2022

Mr. Silva advised the Board that the two (2) seats whose terms are expiring in November 2022 are Seat #1 (Oremia Delrio) and Seat #2 (vacant). Mr. Silva further explained that the qualifying period to run for the District election on the general election ballot would be from noon on June 13, 2022, through noon on June 17, 2022.

ADDITIONAL BOARD MEMBER/STAFF COMMENTS AND REQUESTS

There were no additional Board Member or Staff Closing Comments.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Mr. Delrio, seconded by Mr. Morrison to adjourn the Regular Board Meeting at 6:28 p.m. There were no objections.

ATTESTED BY:

Secretary/Assistant Secretary	Chairman/Vice-Chair

RESOLUTION NO. 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2022-01; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2022/2023 FINAL BUDGET AND ASSESSMENTS AND AUTHORIZING THE SECRETARY AND DISTRICT MANAGER TO TAKE CERTAIN ACTIONS TO ACCOMPLISH THE INTENT OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.

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

WHEREAS, the Board previously adopted Resolution 2022-01 approving a proposed budget and setting a public hearing for June 28, 2022; and

WHEREAS, due to the unforeseen inability of the Board to secure a quorum for the scheduled public hearing, said public hearing had to be re-advertised and rescheduled; and

WHEREAS, the public hearing has been rescheduled for August 23, 2022, and all other requirements and filings associated with the preparation of the fiscal year budget have been completed.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT, THAT:

Resolution No. 2022-01 is hereby amended to change the date and time of the Public Hearing to August 23, 2022 at 6:00 p.m. in the Kendall Executive Center, 8785 SW 165thAvenue, Suite 200, Miami, Florida 33193, for the purpose of receiving public comments on the Proposed Fiscal Year 2022/2023 Budget.

The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with all applicable notice requirements.

PASSED, ADOPTED and EFFECTIVE this 23rd day of August, 2022.

ATTEST:	TREE ISLAND ESTATES
COMMUNITY DEVELOPMENT DISTRICT

By:			By:	 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

RESOLUTION NO. 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Tree Island Estates Community Development District ("District") to establish a regular meeting schedule for fiscal year 2022/2023; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2022/2023 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT, MIAMI-DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2022/2023 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 23rd day of August, 2022.

ATTEST:	TREE ISLAND ESTATES
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”) of the Tree Island Estates Community Development District (the “District”) will hold Regular Meetings in the conference room at the Kendall Executive Center located at 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193 at 6:00 p.m., on the following dates:

October 25, 2022
November 22, 2022
March 28, 2023
April 25, 2023
May 23, 2023
June 27, 2023
July 25, 2023
August 22, 2023

The purpose of the meetings is for the Board to consider any District business which may lawfully and properly come before the Board. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for Community Development Districts. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922, prior to date of the particular meeting.

From time to time one or two Board members may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussion taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 786-313-3661 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT

www.treeislandestatescdd.org

PUBLISH: MIAMI DAILY BUSINESS REVIEW	00/00/22

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RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2022/2023 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Tree Island Estates Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non-ad valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1. The Final Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.  The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 23rd day of August, 2022.

ATTEST:	TREE ISLAND ESTATES
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Tree Island Estates Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023 BUDGET	
Administrative Assessments	66,021	
Maintenance Assessments	54,638	
Debt Assessments	124,143	
Other Revenues	0	
,nterest ,ncome	240	
		
TOTAL REVENUES	$	245,042	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
(mployer Taxes Payroll	400	
Management	26,412	
Secretarial	3,900	
/egal	9,250	
Assessment Roll	6,000	
Audit Fees	3,800	
,nsurance	6,200	
/egal Advertisements	550	
Miscellaneous	1,200	
Postage	250	
Office Supplies	550	
Website	750	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,387	

MAINTENANCE EXPENDITURES		
Aquatic Maintenance	3,500	
/aZn /andscape Maintenance	17,000	
Preserve Maintenance	16,000	
Maintenance Contingency	9,000	
,rrigation System Maintenance	2,860	
(ntrance Feature	0	
(ntrance Feature /ighting (FP/)	1,000	
(ngineering ,nspections	2,000	
TOTAL MAINTENANCE EXPENDITURES	$	51,360	
		
TOTAL EXPENDITURES	$	119,747	
		
REVENUES LESS EXPENDITURES	$	125,295	
		
%ond Payments	(116,694)	
		
BDODQFH	$	8,601	
		
County Appraiser & Tax Collector Fee	(4,896)	
Discounts For (arly Payments	(9,792)	
		
EXCESS/ S+ORTFALL 		(6,087)	
		
Carryover From Prior Year	6,087	
		
NET EXCESS/ S+ORTFALL 	$	 0 	

DETAILED FINAL BUDGET
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
Administrative Assessments	61,926	61,766	66,021	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	58,893	58,893	54,638	Expenditures /.94	
Debt Assessments	124,143	124,143	124,143	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	246	300	240	Estimated At $20 Per Month	
					
TOTAL REVENUES	$	245,208	$	245,102	$	245,042		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	No Change From 2021/2022 Budget	
Employer Taxes  Payroll	184	400	400	ProMected At 8 Of Supervisor Fees	
Management	25,296	25,644	26,412	CPI AdMustment (Capped At 3 )	
Secretarial	3,900	3,900	3,900	No Change From 2021/2022 Budget	
Legal	6,055	9,500	9,250	$250 Decrease From 2021/2022 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2021/2022 Budget	
Audit Fees	3,600	3,700	3,800	Accepted Amount For 2021/2022 Audit	
Insurance	5,618	6,200	6,200	Insurance Estimate	
Legal Advertisements	428	550	550	No Change From 2021/2022 Budget	
Miscellaneous	1,641	1,200	1,200	No Change From 2021/2022 Budget	
Postage	91	250	250	No Change From 2021/2022 Budget	
Office Supplies	102	575	550	$25 Decrease From 2021/2022 Budget	
Website	750	750	750	No Change From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	3,547	3,600	3,600	No Change From 2021/2022 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2021/2022 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	60,137	$	67,794	$	68,387		

MAINTENANCE EXPENDITURES					
Aquatic Maintenance	2,700	3,500	3,500	No Change From 2021/2022 Budget	
Lawn/Landscape Maintenance	15,449	16,500	17,000	$500 Increase From 2021/2022 Budget	
Preserve Maintenance	15,300	15,500	16,000	$500 Increase From 2021/2022 Budget	
Maintenance Contingency	3,452	5,000	9,000	Maintenance Contingency	
Irrigation System Maintenance	0	2,860	2,860	No Change From 2021/2022 Budget	
Entrance Feature	13,371	10,000	0	Fiscal Year 2020/2021 Expenditure	
Entrance Feature Lighting (FPL)	0	0	1,000	Entrance Feature Lighting (FPL)	
Engineering/Inspections	975	2,000	2,000	No Change From 2021/2022 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	51,247	$	55,360	$	51,360		
					
TOTAL EXPENDITURES	$	111,384	$	123,154	$	119,747		
					
REVENUES LESS EXPENDITURES	$	133,824	$	121,948	$	125,295		
					
Bond Payments	(118,325)	(116,694)	(116,694)	2023 P & I Payments Less Earned Interest	
					
Balance	$	15,499	$	5,254	$	8,601		
					
County Appraiser & Tax Collector Fee	(2,358)	(4,896)	(4,896)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(9,117)	(9,792)	(9,792)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	4,024	$	(9,434)	$	(6,087)		
					
Carryover From Prior Year	0	9,434	6,087	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	4,024	$	(0)	$	(0)		

DETAILED FINAL DEBT SERVICE BUDGET
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
7	
25	
10	
Projected Interest For 2022/2023	

NA9 Tax Collection	
118,325	
116,694	
116,694	
Maximum Debt Service Collection	

Total Revenues	
$	118,332	
$	116,719	
$	116,704		

EXPENDITURES					

Principal Payments	
75,000	
75,000	
80,000	
Principal Payment Due In 2023	

Interest Payments	
40,625	
36,969	
34,450	
Interest Payments Due In 2023	

Bond Redemption	
0	
4,750	
2,254	
Estimated Excess Debt Collections	

Total Expenditures	
$	115,625	
$	116,719	
$	116,704		

Excess/ (Shortfall)	
$	2,707	
$	-	
$	-		

Series 2014 Bond Refunding Information
Original Par Amount =	$1,680,000	Annual Principal Payments Due:	May 1st	
Interest Rate= Issue Date: Maturity Date:	3.25%* May 2014
May 2034	Annual Interest Payments Due :	May 1st & November 1st	

* Rate Is adjustable After Ten Years
Par Amount As Of 1/1/22 =	$1,175,000

Tree Island Estates CDD Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2019/2020	2020/2021	2021/2022	2022/2023	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	$	227.37	$	225.43	$	225.43	$	240.95	
Maintenance	$	213.00	$	214.94	$	214.94	$	199.42	

Debt

$	453.08

$	453.08

$	453.08

$	453.08

Total

$	893.45

$	893.45	$

893.45	$

893.45

* Assessments Include the Following :
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Total Units	274

Tree Island Estates Community Development District

Financial Report For July 2022

Tree Island Estates Community Development District
Budget vs. Actual
October 2021 through July 2022

Oct 21 - July 22	21/22 Budget	$ Over Budget	% of Budget
 			
Income

363.100 · Admin. Assessment Income	62,119.18		61,766.00		353.18		100.57%	
363.101 · Maint. Assessment Income	58,893.15		58,893.00		0.15		100.0%	
363.810 · Debt Assessment	124,144.05		124,143.00		1.05		100.0%	
363.820 · Debt Assessment-Paid To Trustee	-118,349.15		-116,694.00		-1,655.15		101.42%	
363.830 · Assessment Fees	-2,360.76		-4,896.00		2,535.24		48.22%	
363.831 · Discounts For Early Payments	-9,071.46		-9,792.00		720.54		92.64%	
369.401 · Interest Income	194.99		300.00		-105.01		65.0%	
369.402 · Carryover From Prior Year	0.00		9,434.00		-9,434.00		0.0%	
Total Income	115,570.00		123,154.00		-7,584.00		93.84%	
Expense								
511.122 · Payroll Tax Expense	107.10		400.00		-292.90		26.78%	
511.131 · Supervisors Fees	1,400.00		5,000.00		-3,600.00		28.0%	
511.303 · Aquatic Maintenance	2,316.00		3,500.00		-1,184.00		66.17%	
511.304 · Lawn/Landscape Maintenance	18,968.00		16,500.00		2,468.00		114.96%	
511.305 · Maintenance/Contingency	9,582.50		5,000.00		4,582.50		191.65%	
511.306 · Preserve Maintenance	13,134.00		15,500.00		-2,366.00		84.74%	
511.307 · Irrigation System Maintenance	0.00		2,860.00		-2,860.00		0.0%	
511.308 · Entrance Feature Project	0.00		10,000.00		-10,000.00		0.0%	
511.310 · Engineering	1,975.00		2,000.00		-25.00		98.75%	
511.311 · Management Fees	21,370.00		25,644.00		-4,274.00		83.33%	
511.312 · Secretarial Fees	3,250.00		3,900.00		-650.00		83.33%	
511.315 · Legal Fees	4,485.00		9,500.00		-5,015.00		47.21%	
511.318 · Assessment/Tax Roll	0.00		6,000.00		-6,000.00		0.0%	
511.320 · Audit Fees	3,700.00		3,700.00		0.00		100.0%	
511.450 · Insurance	5,815.00		6,200.00		-385.00		93.79%	
511.480 · Legal Advertisements	359.63		550.00		-190.37		65.39%	
511.512 · Miscellaneous	546.85		1,200.00		-653.15		45.57%	
511.513 · Postage and Delivery	74.76		250.00		-175.24		29.9%	
511.514 · Office Supplies	205.90		575.00		-369.10		35.81%	
511.515 · Website	625.00		750.00		-125.00		83.33%	
511.540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 · Trustee Fees	3,547.50		3,600.00		-52.50		98.54%	
511.734 · Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
Total Expense	91,637.24		123,154.00		-31,516.76		74.41%	
1et Income		23,932.76			0.00			23,932.76			100.0%	

TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JULY 2022

REVENUES	
Annual Budget
10/1/21 - 9/30/22	

Actual Jul-22	Year To Date Actual
10/1/21 - 7/31/22	
Administrative Assessments	61,766	1,860	62,119	
Maintenance Assessments	58,893	1,503	58,893	
Debt Assessments	124,143	3,172	124,144	
Other Revenues	0	0	0	
,nterest ,ncome	300	0	195	
				
Total Revenues	$	245,102	$	6,535	$	245,351	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	0	1,400	
(mployer Taxes - Payroll	400	0	107	
Management	25,644	2,137	21,370	
Secretarial	3,900	325	3,250	
/egal	9,500	0	4,485	
Assessment Roll	6,000	0	0	
Audit Fees	3,700	0	3,700	
,nsurance	6,200	0	5,815	
/egal Advertisements	550	0	360	
Miscellaneous	1,200	23	547	
Postage	250	0	75	
Office Supplies	575	4	206	
Website	750	62	625	
Dues & Subscriptions	175	0	175	
Trustee Fee	3,600	0	3,548	
Continuing Disclosure Fee	350	0	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	67,794	$	2,551	$	45,663	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance	3,500	236	2,316	
/aZn /andscape Maintenance	16,500	3,440	18,968	
Preserve Maintenance	15,500	1,339	13,134	
Maintenance Contingency	5,000	6,183	9,582	
,rrigation System Maintenance	2,860	0	0	
(ntrance Feature ProMect	10,000	0	0	
(ngineering ,nspections	2,000	0	1,974	
TOTAL MAINTENANCE EXPENDITURES	$	55,360	$	11,198	$	45,974	
				
TOTAL EXPENDITURES	$	123,154	$	13,749	$	91,637	
				
REVENUES LESS EXPENDITURES	$	121,948	$	 7,214 	$	153,714	
				
%ond Payments	(116,694)	(3,140)	(118,349)	
				
Balance	$	5,254	$	 10,354 	$	35,365	
				
County Appraiser & Tax Collector Fee	(4,896)	(65)	(2,361)	
Discounts For (arly Payments	(9,792)	0	(9,071)	
				
Excess/ Shortfall 	$	 9,434 	$	 10,419 	$	23,933	
				
Carryover From Prior Year	9,434	0	0	
				
NET EXCESS/ SHORTFALL 	$	-	$	 10,419 	$	23,933	

Bank Balance As Of 7/31/22	$	227,793.55	
Accounts Payable As Of 7/31/22	$	13,981.41	
Accounts Receivable As Of 7/31/22	$	-	
Available Funds As Of 7/31/22	$	213,812.14	

TREE ISLAND ESTATES CDD TAX COLLECTIONS
2021-2022

 	

ID 	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	Admin Assessment Income (Before Discounts & Fees 	Maint Assessment Income (Before Discounts & Fees 	Debt Assessment Income (Before Discounts & Fees 	Admin Assessment Income (After Discounts & Fees 	Maint Assessment Income (After Discounts & Fees 	Debt Assessment Income (After Discounts & Fees 	

Debt Assessment Paid to Trustee	
									$	244,802	$	61,766	$	58,893	$	124,143	$	61,766	$	58,893	$	124,143		
									$	230,114	$	58,060	$	55,360	$	116,694	$	58,060	$	55,360	$	116,694	$	116,694	
1	1	Miami-Dade Tax Collector	11/26/21	NAV Taxes	$	19,631.81		$	(188.05)	$  (826.44)	$  18,617.32	$	4,953.11	$	4,723.40	$	9,955.30	$	4,697.12	$	4,479.30	$	9,440.90	$	9,440.90	
2	2	Miami-Dade Tax Collector	12/03/21	NAV Taxes	$  144,738.90		$	(1,389.49)	$ (5,789.88)	$  137,559.53	$	36,519.66	$	34,820.28	$	73,398.96	$  34,707.83	$  33,093.25	$	69,758.45	$	69,758.45	
3	3	Miami-Dade Tax Collector	12/08/21	NAV Taxes	$	33,951.10		$	(325.93)	$ (1,358.12)	$  32,267.05	$	8,566.34	$	8,167.72	$	17,217.04	$	8,141.30	$	7,762.60	$	16,363.15	$	16,363.15	
4	4	Miami-Dade Tax Collector	12/20/21	NAV Taxes	$	23,229.70		$	(223.44)	$  (884.55)	$  22,121.71	$	5,861.18	$	5,588.44	$	11,780.08	$	5,581.41	$	5,321.95	$	11,218.35	$	11,218.35	
5	5	Miami-Dade Tax Collector	01/11/22	NAV Taxes	$	4,700.53		$	(45.61)	$  (141.00)	$	4,513.92	$	1,185.93	$	1,130.95	$	2,383.65	$	1,138.77	$	1,086.10	$	2,289.05	$	2,289.05	
6	6	Miami-Dade Tax Collector	02/07/22	NAV Taxes	$	1,786.90		$	(17.43)	$	(44.67)	$	1,724.80	$	450.86	$	429.88	$	906.16	$	435.10	$	414.95	$	874.75	$	874.75	
7	Int - 1	Miami-Dade Tax Collector	02/28/22	Interest		$	8.18			$	8.18	$	8.18			$	8.18			$	-	
8	7	Miami-Dade Tax Collector	03/07/22	NAV Taxes	$	2,680.35		$	(26.53)	$	(26.80)	$	2,627.02	$	676.29	$	644.82	$	1,359.24	$	662.82	$	632.00	$	1,332.20	$	1,332.20	
9	8	Miami-Dade Tax Collector	04/12/22	NAV Taxes	$	4,926.01		$	(49.26)		$	4,876.75	$	1,242.81	$	1,185.20	$	2,498.00	$	1,230.35	$	1,173.35	$	2,473.05	$	2,473.05	
10	Int - 2	Miami-Dade Tax Collector	04/27/22	Interest		$	1.12			$	1.12	$	1.12			$	1.12			$	-	
11	9	Miami-Dade Tax Collector	05/06/22	NAV Taxes/Interest	$	2,680.35	$	53.60	$	(27.34)		$	2,706.61	$	729.89	$	644.82	$	1,359.24	$	722.56	$	638.40	$	1,345.65	$	1,345.65	
12	10	Miami-Dade Tax Collector	06/07/22	NAV Taxes/Interest	$	225.50	$	6.76	$	(2.32)		$	229.94	$	63.66	$	54.25	$	114.35	$	62.99	$	53.70	$	113.25	$	113.25	
13	11	Miami-Dade Tax Collector	07/05/22	NAV Taxes/Interest (TC)	$	6,254.15	$  281.42	$	(65.36)		$	6,470.21	$	1,860.15	$	1,503.39	$	3,172.03	$	1,841.51	$	1,488.35	$	3,140.35	$	3,140.35	
14									$	-							$	-	
15									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
					$  244,805.30	$  351.08	$	(2,360.76)	$ (9,071.46)	$  233,724.16	$	62,119.18	$	58,893.15	$  124,144.05	$  59,231.06	$  56,143.95	$  118,349.15	$  118,349.15	

Assessment Roll =	Note: $244,802, $61,766, $58,893 and $124,143 are 2021/2022 Budgeted
$244,805.30	assessments after discounts and fees.
Note: $230,114, $56,060, $55,360 and $116,694 are 2021/2022 Budgeted assessments before discounts and fees.

$  244,805.30		
$	351.08	$  233,724.16	
$  (62,119.18)	$  (59,231.06)	
$  (58,893.15)	$  (56,143.95)	
$ (124,144.05)	$  (118,349.15)	
$	-	$	-