Winter Garden Village at Fowler Groves Community Development District
12051 Corporate Boulevard, Orlando, FL 32817	Phone: 407.723.5900 http://wgvcdd.com/

The following is the proposed agenda for the Winter Garden Village at Fowler Groves Community Development District Board of Supervisors’ Meeting scheduled to be held on Thursday, July 23, 2020 at 11:30 a.m. via conference call due to the COVID-19 Executive Order 20-150 extending Executive Order 20-69. Attached to this Agenda is a copy of the Executive Order 20-150.
For those unable to attend in person, please use the conference call information: Dial-In:	1-844-621-3956
Access Code:	790 393 986 #
PROPOSED BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters
Roll call to confirm a quorum
Public Comment Period
Consideration of Minutes of the April 23, 2020 Board of Supervisors’ Meeting
Consideration of Resolution 2020-04, Setting the Regular Meeting Schedule for Fiscal Year 2020-2021
Consideration of Resolution 2020-05, Resetting the Public Hearing to Adopt Amended and Restated Rules of Procedures

Business Matters
Public Hearing on the Adoption of the District’s Fiscal Year 2020-2021 Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-06, Adopting a Fiscal Year 2020-2021 Budget and Appropriating Funds
Consideration of Resolution 2020-07, Adopting an Assessment Roll for Fiscal Year 2020-2021 and Certifying Special Assessments for Collection
Consideration of PFM Fee Increase Letter
Consideration of First Amendment to Agreement between the District and VGlobalTech for Website Services (provided under separate cover)
Consideration of Annual Engineer’s Report
Update on Pond Repair (provided under separate cover)
Consideration of the Fiscal Year 2019 Audited Financial Statement
Ratification of Payment Authorizations 158 - 159
Review of District’s Financial Position

Other Business Staff Reports
District Counsel District Engineer District Manager
Audience Comments Supervisors Requests Adjournment

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-150
(Emergency Management- COVID-19- Local Government Public Meetings)

WHEREAS, Executive Order 20-69, as extended by Executive Order 20-112, Executive Order 20-123 and Executive Order 20-139, expires on June 30, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l )(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws , promulgate the following Executive Order to take immediate effect:
Section 1. I hereby extend Executive Order 20-69, as extended by Executive Orders 20- 121 , 20-123 and 20-139, until 12:01 a.m. on August 1, 2020.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 23rd day o	e, 2020.

ATTEST:

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Winter Garden Village at
Fowler Groves Community Development District

Minutes

WINTER GARDEN VILLAGE AT FOWLER GROVES
COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order

The Board of Supervisors’ Meeting for the Winter Garden Village at Fowler Groves Community Development District  was  called to  order  on Thursday,  April  23,  2020 at 11:30 a.m. Via conference call due to the COVID-19 Executive Order 20-69.

Board Members listed below were present via phone:

Kerri Ryan	Chair	(via phone)
Ginette Long	Vice Chair	(via phone)
Tracey Joseph	Assistant Secretary	(via phone) Also present were:
Jane Gaarlandt	PFM Group Consulting, LLC  (via phone)
Christina Hanna	PFM Group Consulting, LLC  (via phone)
Lubna Sikder	PFM Group Consulting, LLC  (via phone)
Sarah Warren	Hopping Green & Sams	(via phone)
John Herbert	NV5-District Engineer	(via phone)
Jim Rabb	DGC Environmental Services(via phone)

SECOND ORDER OF BUSINESS	Roll call to confirm a quorum

Ms. Harris called roll as listed above.

THIRD ORDER OF BUSINESS	Public Comment Period

There were no public comments at this time.

Ms. Gaarlandt requested to take the discussion of the pond and move it to the first item of business.

FOURTH ORDER OF BUSINESS	Discussion of Pond Repair
SJRWMD Permit Requirements
DGC Proposal

Mr. Herbert provided information regarding the pond repair. Mr. Rabb asked if the pipe that was to be installed no longer a consideration due to the re-permitting considerations. Mr. Herbert stated the pipe will still go in but the hard pan is removed it will keep holding

water. Mr. Rabb asked if the District wanted to break up the repair and install the pipe first and then do the hard pan layer. Ms. Ryan stated there is no way to do it all at once and she can’t go to the Developer for money especially now with the virus situation. Ms. Gaarlandt stated if the District gets started soon the repair must be broken up over the two fiscal years. Ms. Gaarlandt asked about the timeframe for the entire repair. Mr. robs stated with no rain issues it would take two weeks from the time they break ground to the completion date. This repair will be separated into two and the pipe will be done first. Ms. Gaarlandt asked about the price of the pipe in relation to the Fiscal Year 2020 Budget. Mr. Rabb will double check the cost and inform Ms. Gaarlandt. A lengthy discussion took place. Mr. Rabb will prepare a quote to just do the pipe alone. It could reduce the budgeted amount. Mr. Rabb will get various option submitted it to District staff by Monday and structure it around $82,000.00.

On MOTION by Ms. Ryan, seconded by Ms. Joseph, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves CDD approved the DGC Proposal.

FIFTH ORDER OF BUSINESS	Acceptance of Mr. Segall’s Resignation from the Board of Supervisors

Ms. Gaarlandt noted the District received a written resignation from Mr. Segall.

On MOTION by Ms. Ryan, seconded by Ms. Joseph, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves CDD accepted Mr. Segall’s Resignation.

This created 2 vacancies on the Board. Mr. Segall was in Seat 1 which expires this year and Seat 5 is also vacant. Ms. Gaarlandt called for nominations to fill the vacancies. There were no nominations at this time. This will be brought back to the next meeting.

SIXTH ORDER OF BUSINESS	Consideration of Minutes
Board of Supervisors’ Meeting Minutes, July 25, 2019
Auditor Selection Committee Minutes, July 25, 2019

The Board reviewed the minutes from the July 25, 2019 Board of Supervisors’ Meeting and the July 25, 2019 Auditor Selection Committee Meeting.

On MOTION by Ms. Ryan, seconded by Ms. Joseph, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves CDD approved the minutes of the July 25, 2019 Board of Supervisors’ Meeting and the July 25, 2019 Auditor Selection Committee Meeting.

SEVENTH ORDER OF BUSINESS	Consideration		of Resolution	2020-01, Designating Date, Time and Location for a Landowners’ Meeting and Election

Ms. Gaarlandt suggested November 3, 2020 as the date of the Landowners’ Election to be held at the PFM Orlando East office. A discussion took place. The date can be changed if needed.

On motion by Ms. Ryan, and second by Mr. Long, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves Community Development District approved Resolution 2020-01, Designating November 3, 2020 at the PFM East Orlando Office as the Date, Time and Location for a Landowners’ Meeting and Election.

EIGHTH ORDER OF BUSINESS	Consideration		of Resolution	2020-02, Approving a Proposed Budget for fiscal Year 2020- 2021 and Setting a Public Hearing Date Thereon

District staff suggested July 23, 2020 as the public hearing date as it is the regular meeting date in July which has already been noticed for the District.

The Board reviewed the proposed Budget for Fiscal Year 2020-2021. Ms. Gaarlandt explained the increases and decreases to the budget. It is the same overall budget as last year.

On motion by Ms. Ryan, and second by Ms. Long, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves Community Development District approved Resolution 2020-02, Approving a Proposed Budget for Fiscal Year 2020- 2021 and setting July 23, 2020 as the Public Hearing.

NINTH ORDER OF BUSINESS	Consideration of Resolution 2020- 03, Setting a Public Hearing to Adopt Amended and Restated Rules of Procedures
a) Memorandum of Updated Provisions of the District’s Rules of Procedures

District staff recommended July 23, 2020 as the public hearing date for the adoption of the Amended and Restated Rules of Procedures.

On MOTION by Ms. Ryan, seconded by Ms. Long, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves CDD approved Resolution 2020-03, Setting July 23, 2020 as the Public Hearing Date to Adopt Amended and restated Rule of Procedures.

TENTH ORDER OF BUSINESS	Review of Site Safety Survey

Ms. Gaarlandt noted the Site Safety Survey was conducted earlier in the year. The Board reviewed the Site Safety Survey.

There was some damage to the railing and light poles with exposed electrical components. Ms. Ryan noted the issues have been corrected. She noted she spoke with Ms. Harris regarding the common area sidewalks and whether they are POA or CDD because some of the areas have significant algae buildup. Ms. Warren will look up the tract ownership. The conductor of the survey was not aware if the property they were surveying was OOA or CDD and some of the light poles surveyed belonged to the POA.

On MOTION by Ms. Ryan, seconded by Ms. Long, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves CDD approved the Site Safety Survey.

ELEVENTH ORDER OF BUSINESS	Ratification	of	VGlobalTech
Agreement	for	ADA	Auditing Services

The Board previously approved this proposal which is included in the Budget in the amount of $1,200.00 per year for quarterly human and technical website audits.

On MOTION by Ms. Ryan, seconded by Ms. Joseph, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves Community Development District ratified the VGlobalTech Agreement for ADA Auditing Services.

TWELFTH ORDER OF BUSINESS	Ratification of Grau’s Engagement
Letter

Board Members reviewed the Grau Engagement Letter. The fee for the Annual Audit is
$4,100.00 it is for 3 years. The District budgeted $5,000.00

On MOTION by Ms. Ryan, seconded by Ms. Long, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves Community Development District ratified the Grau’s Engagement Letter.

THIRTEENTH ORDER OF BUSINESS	Ratification	of	the	PFM
Engagement	Letter	for	Re- Amortization Services

Ms. Gaarlandt noted this is not an additional agreement. It is already approved with the overall agreement with PFM. This is for accounting purposes only as PFM needs an actual agreement that states they will perform Re-Amortization Services.

On MOTION by Ms. Ryan, seconded by Ms. Joseph, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves Community Development District ratified the PFM Engagement Letter for Re-Amortization Services.

FOURTEENTH ORDER OF BUSINESS	Ratification	of	Payment
Authorization 144 – 160

Board Members reviewed Payment Authorization 144 - 160, that was previously approved by the Chair and processed. Ms. Gaarlandt requested a motion to ratify Payment Authorizations 144-160.

On MOTION by Ms. Ryan, seconded by Ms. Long, with all in favor, the Board of Supervisors for the Winter Garden Village at Fowler Groves Community Development District ratified Payment Authorization 144 – 160.

FIFTEENTH ORDER OF BUSINESS	Review	of	District’s	Financial
Position and Budget to Actual YTD

Board Members reviewed the District financials. No action from the Board was necessary.

SIXTEENTH ORDER OF BUSINESS	Staff Reports

Attorney – No Report

Engineer – No Report

Manager – Ms. Gaarlandt asked MS. Hanna if she received a response back from the Supervisor of Elections. Ms. Hanna indicated that she has not received a response yet.

SEVENTEENTH ORDER OF BUSINESS	Supervisor Requests
and Adjourn

There were no comments from the Audience or Supervisors. There was no further business to discuss so, a motion to adjourn was requested.

On MOTION by Ms. Ryan, seconded by Ms. Joseph, with all in favor, the April 23, 2020 Board of Supervisors’ Meeting for the Winter Garden Village at Fowler Groves Community Development District was adjourned.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

Winter Garden Village at
Fowler Groves Community Development District

Resolution 2020-04

RESOLUTION 2020-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2020-2021; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Winter Garden Village at Fowler Groves Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated entirely within Orange County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board desires to adopt the Fiscal Year 2020-2021 annual meeting schedule attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2020-2021 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 23rd day of July, 2020.

ATTEST:	WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2020-2021 Annual Meeting Schedule

Exhibit A

BOARD OF SUPERVISORS MEETING DATES WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2020-2021

The Board of Supervisors of the Winter Garden Village at Fowler Groves Community Development District will hold their regular meetings for Fiscal Year 2020-2021 at PFM Group Consulting LLC, 12051 Corporate Boulevard, Florida 32817, at 11:30 a.m., unless otherwise indicated as follows:

September 24, 2020
January 28, 2020
April 22, 2021
July 22, 2021

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 PFM Group Consulting LLC or by calling (407) 723-5900.

There may be occasions when one or more Supervisors or staff will participate by 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.

District Manager

Winter Garden Village at
Fowler Groves Community Development District

Resolution 2020-05

RESOLUTION 2020-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2020-03 TO SET THE DATE, TIME AND LOCATION OF THE PUBLIC HEARING TO CONSIDER AND HEAR COMMENT ON THE ADOPTION OF AMENDED AND RESTATED RULES OF PROCEDURE; AUTHORIZING PUBICATION OF NOTICE OF SUCH HEARING; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Winter Garden Village at Fowler Groves Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Orange County, Florida; and

WHEREAS, the Board of Supervisors of the District (the “Board”) is authorized by Section 190.011(5), Florida Statutes, to adopt rules and orders pursuant to Chapter 120, Florida Statutes.

WHEREAS, on April 23, 2020, at a duly noticed public meeting, the District’s Board of Supervisors (“Board”) adopted Resolution 2020-03, setting a public hearing to consider and hear comment on the adoption of Amended and Restated Rules of Procedure for 11:30 a.m., on July 23, 2020, at the offices of PFM Group Consulting LLC, 12051 Corporate Boulevard, Orlando, Florida 32817; and

WHEREAS, due to a publication error, the Board now desires to reset the date of the public hearing in order to allow proper publication of notice in accordance with Chapter 120, Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  PUBLIC  HEARING DATE  RESET.	Resolution 2020-03 is hereby
amended to reflect that the public hearing to adopt the District’s Amended and Restated Rules of Procedure as declared in Resolution 2020-03 is reset to:

Date:	 	
Time:	11:30 a.m.
Location:	PFM Group Consulting LLC
12051 Corporate Boulevard
Orlando, Florida 32817

SECTION 2. RESOLUTION 2020-03 OTHERWISE REMAINS IN FULL FORCE
AND EFFECT. Except as otherwise provided herein, all of the provisions of Resolution 2020- 03 continue in full force and effect.

SECTION 3. AUTHORIZED TO PUBLISH NOTICE. The District Secretary is directed to publish notice of the hearing in accordance with Section 120.54, Florida Statutes.

SECTION 4. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 5. EFFECTIVE DATE. This Resolution shall take effect upon its passage and adoption by the Board.

PASSED AND ADOPTED this 23rd day of July, 2020.

ATTEST:	WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Vice/Chairperson, Board of Supervisors

Winter Garden Village at
Fowler Groves Community Development District

District’s Fiscal Year 2020-2021 Budget

Winter Garden Village at
Fowler Groves Community Development District

Resolution 2020-06

RESOLUTION 2020-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Winter Garden Village at Fowler Groves Community Development District (“District”) proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Winter Garden Village at Fowler Groves Community Development District for the Fiscal Year Ending September 30, 2021.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2020/2021,  the  sum of $ 	to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 	

DEBT SERVICE FUND(S)	$ 	

TOTAL ALL FUNDS	$ 	

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within 60 days following the end of the Fiscal Year 2020/2021 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 23RD DAY OF JULY, 2020.

ATTEST:	WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

"EXHIBIT A"	
Winter Garden Village at Fowler Groves Community	
Proposed Fiscal Year 2021 Annual Operations & Maintenance	
(October 1, 2020 through September 30, 2021)	

FY 2021
Proposed Budget

Revenues	
On Roll O&M	
Carry Forward Revenue	
Net Revenues	

127,025.00	
 	45,250.00 	
$ 172,275.00	

General & Administrative Expenses	
Trustee Fees	
Management	
Engineering	
Dissemination Agent	
Property Appraiser	
District Counsel	
Assessment Administration	
Audit	
Telephone	
Postage/Shipping	
Copies	
Legal Advertising	
Contingency	
Website Maintenance	
Dues, Licenses, and Fees	
General Insurance	
Hurricane Clean Up	
Field/Pond Maintenance	
Total Expenses	

10,000.00	
20,000.00	
10,000.00	
500.00	
5,000.00	
15,000.00	
5,000.00	
5,000.00	
100.00	
200.00	
200.00	
2,000.00	
2,500.00	
2,700.00	
175.00	
6,500.00	
5,000.00	
 	82,400.00 	
$ 172,275.00	

"Exhibit A Continued"
Winter Garden Village @ Fowler Groves Community Development District Debt Service Fund Budget, FY 2020-2021
Series 2016 Special Assessment Bonds

FY 2021	
Budget	

REVENUES:

Special Assessments Series 2016		$2,052,618.75 TOTAL REVENUES	 	$2,052,618.75

EXPENDITURES:

Series 2016 -Interest 11/1/2020	
Series 2016 - Principal 5/1/2021	
Series 2016 - Interest 5/1/2021	

$388,706.25	
$900,000.00	
$388,706.25	

TOTAL EXPENDITURES	 	$1,677,412.50

EXCESS REVENUES	 	$375,206.25

November 1, 2021 Series 2016 Debt Service Payment	$375,206.25

Winter Garden Village at
Fowler Groves Community Development District

Resolution 2020-07

RESOLUTION 2020-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2020/2021; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Winter Garden Village at Fowler Groves Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Orange County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”), attached hereto as Exhibit “A” and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2020/2021; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Winter Garden Village at Fowler Groves Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special

assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this  Resolution  as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5.  ASSESSMENT ROLL AMENDMENT.  The District Manager shall keep apprised of  all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or  more  provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 23rd day of July, 2020.

ATTEST:	WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:		 Its: 		

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Winter Garden Village at
Fowler Groves Community Development District

PFM Fee Increase Letter

July 16, 2020

Ms. Kerri Ryan
Chairman of the Board of Supervisors
Winter Garden Village at Fowler Groves Community Development District 12051 Corporate Boulevard
Orlando, FL 32817 Dear Ms. Ryan:

12051 Corporate Blvd.
Orlando, FL 32817
407.723.5900

pfm.com

Thank you for the opportunity to continue serving as District Manager to the Winter
Garden Village at Fowler Grove Community Development District (the ”District”). The agreement in place between our firm and the District dated January 24, 2019 provides for the review and adjustment annually of our fees pursuant to the District’s annual budget process. We are respectfully requesting a fee increase from $17,500 to $20,000 for the year.

Please note this change will be effective on the billing for October 2020, in conjunction with the District’s new Fiscal Year.

Provided the changes are acceptable, please have an authorized official of the District sign and return a copy of this letter to us to acknowledge the increase.

Sincerely,
PFM GROUP CONSULTING LLC

Accepted by:

 	_ 	_ Senior Managing Consultant

(Signature)

(Print Name)

(Date)

Winter Garden Village at
Fowler Groves Community Development District

Agreement between the District and VGlobalTech

Date	Version#	Comments	Author	
June 25, 2020	1.0	Created Proposal	VB Joshi	

Website Maintenance Proposal For Winter Garden Village at Fowler Grove CDD

VGlobalTech is the ADA, WCAG Compliance Expert and leading Web design company, with over 300 ADA & WCAG compliant websites created (….and counting) to-date! We have partnered with a non-profit agency to conduct Human Audit and Certification Seal.
Visit https://vglobaltech.com/website-compliance/ for details.

COPYRIGHT ©: This proposal and the contents within this document are solely created by VGlobalTech team for its customers and cannot be reproduced, copied, modified or distributed (including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. VGlobalTech company holds Intellectual Property* details along with company software details that must not be shared with others without the written permission of the company. The proposal and software details are customized for the requesting customer and cannot be applied to any other customer / asset / solution. This document does not apply to a case if it is not exclusively sent to you by VGlobalTech upon request.
Any violations are punishable under the law and shall be prosecuted.

* VGlobalTech has developed unique ADA and WCAG compliance expertise, optimized website templates, compliance multi-step procedure and quality control, document conversion software
and test procedures. Contact us for details of VGlobalTech’s Intellectual Property.

Table of Contents
Pricing	4
Monthly Maintenance, Hosting and Email Support	4
2.0	Proposal Acceptance:	6

Pricing
Monthly Maintenance, Hosting and Email Support

Maintenance contract is required for VGlobalTech’s proprietary document conversion software (PDF to RTF) to be used that allows faster, accurate and batch processing for document conversion.

	Task	
1.	Full content upload support to regularly keep site updated (includes all documents, audit reports, agendas, meeting minutes, events etc). Update turnaround time – less than 24 hrs from customer sending the content and documents to be updated to VGT team.	
2.	PDF Documents conversion (to Text, HTML etc) as needed (new documents during the maintenance year only) for ADA Compliance / Reader Compliance. VGlobalTech’s proprietary batch conversion software shall be used by our team for faster batch-conversion processing as long as the contract is valid (big time saver that creates compliant documents that can be uploaded to the website). If Auto conversion fails, VGlobalTech team shall perform manual OCR and conversion within 24 hrs.	
3.	Email accounts setup and support	
	
Total Monthly Maintenance with full content upload, document conversion:
$100 / month

*support beyond 10 hrs. / month / CDD shall be billed at $55 / hr. separately (VGlobalTech team shall be responsible to track and report hours exceeded, if any)
***Monthly maintenance must be paid before the 10th of every month	

This proposal includes following points, stipulations terms and conditions:
*(1) conference call or in person meetings per month with client to review metrics, results and monthly recaps *unless otherwise noted
* email and phone communication
*Anything out of the scope of work in the above proposal will be addressed and client will be immediately notified. After notification of additional work, a subsequent quote will be provided to cover that work.
*Client is responsible to adhering to timelines as far as information required to complete the task is concerned. If timelines are not adhered to and exceed 15 business days past the current marketing months, last day, all work will end. A new month with new allocated costs will be presented for future work to commence. No refunds and owed work will be due unless otherwise agreed upon. An Invoice will be provided once signature approval of this project proposal. Payments will be made to VGLOBALTECH
*Client is responsible for verifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible for any legal ramifications arising from work not done as per external agencies / organizations / associations needs if
proper feedback is not provided by the customer. VGlobalTech’s work will be in best faith but cannot guarantee all compliance / legal needs since we are not the final authority in the ADA or WCAG compliance area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues and cannot be held responsible for any legal or other lawsuits.
Refund Policy: The client may halt work and request for a refund within seven days of the date of signing this services agreement by mailing a signed letter to the main address listed on www.VGlobalTech.com website. If client requests a refund within seven days of the date of signing their agreement, they shall be liable to pay for all work completed and will be refunded the remaining balance of the initial payment if billable work has not exceeded a charge that would be greater than client’s initial payment. If client requests a refund after the seven days from the date of the signing of the agreement client is liable to pay for all work completed plus an additional 25% of any remaining balance that may still be due. Once line item projects are complete no refunds will be issued. Confidentiality: All information between client and service provider inclusive of technical and business information relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, profit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and models, regardless of whether such information is designated as “Confidential Information” at the time of its disclosure and will be treated as such and with absolute confidentiality and will
not be shared or used, which will be maintained at all times. The client is not allowed to disclose their price with any third parties. Doing so is in breach of this agreement. All information development will be shared and proprietary information and property between client and service providers.

Proposal Acceptance:

The VGlobalTech proposed solution and terms have been accepted by the customer and the VGlobalTech can proceed with the project. All payments shall be made according to this agreement.

Website, Monthly Maintenance w/ Hosting and Email support

Signatures:

For Customer	Date

VB Joshi

For VGlobalTech	Date

Winter Garden Village at
Fowler Groves Community Development District

Annual Engineer’s Report

●

WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY DEVELOPMENT DISTRICT ANNUAL ENGINEERING INSPECTION OF CDD-OWNED FACILITIES

INSPECTION DATE:	JUNE 19, 2020

REPORT DATE:	JULY 16, 2020

CDD ENGINEER:	JASON MAHONEY, P.E.
NV5, Inc.
201 S. BUMBY AVENUE ORLANDO, FL 32803

EXECUTIVE SUMMARY:

The Community Development District owns and maintains Ponds A1, A2, and B1 located within Winter Garden Village at Fowler Groves. The engineering inspection conducted on June 19, 2020 focused on the working order and condition of each of the ponds and the level and quality of their maintenance. The state of the stormwater ponds is also compared to the results of last year's recommendations. Photos were taken during the inspection and are included in the body of this report as necessary to illustrate the condition of the ponds.

The Winter Garden Florida Hospital’s relocation of Pond B1 was under continuing construction during this year’s inspection. Florida Hospital is responsible for the ownership and maintenance of the relocated Pond B2. Please see Photo #13 for Pond B1 plan layout.

During the inspection, these were our findings:
Pond A1 east was wet while A1 west was dry with rainfall occurring within previous 24 hours.
Pond A2 was dry with cleaned bubble up structure having an unchained grate.
Pond B1 is currently under reconstruction by Florida Hospital.
Pond B2 is completed and maintained by Florida Hospital.

The suggestions for rectifying the issues found during this inspection can be found in the RECOMMENDATIONS section of this report.

Pond A1
Pond A1 is divided into Pond A1 East and West. Both ponds were designed as dry retention ponds with underdrain systems below the pond bottoms designed to draw down the water level after a rain event. As such, when the ponds are not experiencing or recovering from a rain event, they should not retain any standing water. Last year’s report dated June 26, 2019 showed that Pond A1 East had standing water (See Photo #1). This year’s inspection was shown with standing water. Geotechnical borings performed in the pond show a hardpan layer impeding recovery. Our recommendation for mitigating this issue can be found in the RECOMMENDATIONS section of this report.

PHOTO #1 – Pond A1 East on June 20, 2019

PHOTO #2 – Pond A1 East on June 19, 2020

Runoff is conveyed into Pond A1 East through two bubble up structures within the Pond.
Previous request to chain the grates have been addressed by bolting them down (as shown in Photo #3).

PHOTO #3 – Pond A1 East Bubble Up Structure #2 on June 19, 2020

Pond A1 West was observed to be in good working order and is being maintained properly (See Photo #5).

PHOTO #4 – Pond A1 West on June 20, 2019

PHOTO #5 – Pond A1 West on June 19, 2020

PHOTO #6 – Pond A1 West on June 20, 2019

PHOTO #7 – Pond A1 West on June 19, 2020

Pond A2

Pond A2 was also designed as a dry retention pond and should function similarly to Pond A1. Pond A2 was found to be in good working order. The grassed side slopes were mowed properly and well maintained (See Photo #9). The underdrain system appeared to be working properly as no standing water was observed in any portion of Pond A2. The discharge structure was clean and seemed to be working properly as water was witnessed flowing from the underdrain discharge pipe (See Photo #10).

PHOTO #8 –Structural Weir from A1 to A2 on June 20, 2019

PHOTO #9 –Structural Weir from A1 to A2 on June 19, 2020

PHOTO #10 –Control Structural Weir for A2 on June 19, 2020

PHOTO #11 – Pond A2 Drainage Control Structure on June 19, 2020

In last year’s report, the grate on the discharge structure was not connected to the structure by the available chain. This year’s inspection showed the grate on the discharge structure in Pond A2 was still not connected to the structure by the available chain. Our recommendation for mitigating this issue can be found in the RECOMMENDATIONS section of this report.

Pond B1

Pond B1 was currently under reconstruction for Winter Garden Florida Hospital’s relocation of Pond B1. Below is a picture of the construction progress. Final grading of the pond is incomplete (See Photo #12).

PHOTO #12 – Pond B1 outfall structure on June 19, 2020

PHOTO #13 – Pond B1 designed plan view

RECOMMENDATIONS

In summary, the following corrective actions are recommended for each pond. We recommend these actions be completed within 30 days of the CDD receiving this report. Re-inspection of the drainage system by the CDD engineer should be done when these recommendations have been fulfilled and the system is brought into full compliance. We will be on call for notification when the below work is complete.

Pond A1 East
NV5 has been retained by the CDD to engineer a permanent solution to the standing water issue in this pond. The permanent solution includes permitting with SJRWMD to formally raise the bottom of Pond A1 East and removal of the underdrains. Most importantly the hardpan layer must be removed and replaced with free flowing soils. This activity is presently ongoing.

Pond A1 West
No remedial action.

Pond A2
No remedial action.
Connect the grate on the drainage control structure to the structure using the available chain.

Pond B1
Inspect once construction is completed.

If the Trustee has any questions regarding this inspection report or the recommendations included herein, please don't hesitate to contact me at (407) 896-3317.

Sincerely,

Jason Mahoney, P.E.	John Herbert, P.E. Winter Garden Village at Fowler Groves CDD Engineer	Project Engineer FL PE Registration No. 65183	NV5, Inc.
NV5, Inc.	201 S. Bumby Avenue
201 S. Bumby Avenue	Orlando, FL 32803 Orlando, FL 32803

Winter Garden Village at
Fowler Groves Community Development District

Pond Repair

Winter Garden Village at
Fowler Groves Community Development District

Fiscal Year 2019 Audited Financial Statement

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-5	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	6	
Statement of Activities	7	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	8	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
9	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
10	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
11	
Notes to the Financial Statements	12-18	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
19	
Notes to Required Supplementary Information	20	
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	

21-22	
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	

23	
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
24-25	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Winter Garden Village at Fowler Grove Community Development District Orange County, Florida

Report on the Financial Statements

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

We have audited the accompanying financial statements of the governmental activities and each major fund of Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida ("District") as of and for the fiscal year ended September 30, 2019, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes 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.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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 entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

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, 2019, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

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

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 16, 2020, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 16, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS

The management of the Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida (“District”) would like to offer the readers of the District’s financial statements this discussion and analysis of the District’s financial activities for the fiscal year ended September 30, 2019. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($19,857,160).

The change in the District’s total net position in comparison with the prior fiscal year was $1,112,869, 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, 2019, the District’s governmental funds reported combined ending fund balances of
$1,863,131, an increase of $228,375 in comparison with the prior fiscal year. A portion of fund balance is non-spendable for prepaid items, restricted for debt service, assigned to subsequent year’s expenditures, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the 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 this statement for some items that will only result in cash flows in future fiscal periods.

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

Fund Financial Statements

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

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

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

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

The District maintains two governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and debt service fund, both of which are considered 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, liabilities exceeded assets at the close of the most recent fiscal year.

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

NET POSITION SEPTEMBER 30,

2019	2018

Current and other assets	 $   1,874,730	$  1,637,634 

Total assets	 	1,874,730	1,637,634 

Liabilities, excluding long-term liabilities	346,927	349,761
Long-term liabilities	 	21,384,963	22,257,902 

Total liabilities	 	21,731,890	22,607,663 Net Position
Restricted	1,454,882	380,405
Unrestricted	 (21,312,042)	(21,350,434) 

Total net position	 $ (19,857,160)  $(20,970,029) 

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations.

Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2019	2018

Revenues: Program revenues
Charges for services

$ 2,012,377

$ 1,736,504

Operating grants and contributions	5,310	- General revenues
Interest and other revenues	 		5,173		6,660 Total revenues	 	2,022,860	1,743,164 
Expenses:
General government	63,637	51,172	
Maintenance and operations	19,885	-	
Interest	 	826,469	854,018 	
Total expenses	 	909,991	905,190 	
Change in net position	 	1,112,869	837,974 	
Net position - beginning	      (20,970,029)	(21,808,003) 	
Net position - ending	   $ (19,857,160) $(20,970,029) 	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2019 was $909,991. The costs of the District’s activities were partially funded by program revenues. Program revenues, comprised primarily of assessments, increased during the fiscal year a result of an increase in debt service assessments. In total, expenses increased slightly from the prior fiscal year.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

DEBT ADMINISTRATION

Capital Debt

At September 30, 2019, the District had $21,505,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET

It is anticipated that the general operations of the District will remain fairly constant. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide property owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Winter Garden Village at Fowler Grove Community Development District’s Finance Department at 12051 Corporate Boulevard, Orlando, Florida 32817.

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2019

	Governmental
 	Activities		
ASSETS		
Cash	$	77,681	
Interest receivable	264	
Prepaid items	6,839	
Restricted assets:		
Investments	 	1,789,946 	
Total assets	 	1,874,730 	
LIABILITIES		
Accounts payable	11,599	
Accrued interest payable	335,328	
Non-current liabilities:		
Due within one year	875,000	
Due in more than one year	 	20,509,963 	
Total liabilities	 	21,731,890 	
NET POSITION		
Restricted for debt service	1,454,882	
Unrestricted	 	(21,312,042)	
Total net position	  $	(19,857,160)	

See notes to the financial statements

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Program Revenues

Net (Expense) Revenue and Changes in Net Position

Functions/Programs	

Expenses	Charges
for Services	Operating
Grants and Contributions	
Governmental Activities	
Primary government: Governmental activities:
General government	

$	63,637	

$	52,523	

$	-	

$	(11,114)	
Maintenance and operations	19,885	-	-	(19,885)	
Interest on long-term debt	826,469	1,959,854	5,310	1,138,695	
Total governmental activities	909,991	2,012,377	5,310	1,107,696	

General revenues:
Unrestricted investment earnings	5,173	
Total general revenues	5,173	
Change in net position	1,112,869	
Net position - beginning	(20,970,029)	
Net position - ending	$ (19,857,160)	

See notes to the financial statements

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2019

 	Major Funds	
Debt

Total Governmental

	 	General	Service	Funds		
ASSETS		
Cash	$	77,681	$	-	$	77,681	
Investments	-	1,789,946	1,789,946	
Interest receivable	-	264	264	
Prepaid items	 	6,839	-	6,839 	
Total assets	  $	84,520	$ 1,790,210 $ 1,874,730 	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable

  $	11,599	$	-	$	11,599 

Total liabilities	 	11,599	-	11,599 

Fund balances:
Nonspendable:
Prepaid items
Restricted for:	6,839	-	6,839	
Debt service	-	1,790,210	1,790,210	
Assigned to subsequent year's expenditures	45,000	-	45,000	
Unassigned	 	21,082	-	21,082 	
Total fund balances	 	72,921	1,790,210	1,863,131 	
Total liabilities and fund balances	  $	84,520	$ 1,790,210 $ 1,874,730 	

See notes to the financial statements

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2019

Total fund balances - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Liabilities not due and payable from  current  available  resources are   not	reported    as   liabilities	in the governmental fund

$	1,863,131

statements.	All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(335,328)	
Bonds payable		(21,505,000)	
Unamortized bond issuance discount, net		 	120,037	(21,720,291)	
Net position of governmental activities		  $ (19,857,160)	

See notes to the financial statements

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

 	Major Funds		Total
Debt	Governmental
 	General	Service	Funds	
REVENUES

Assessments

$	52,523

$ 1,959,854

$ 2,012,377

Interest income	 	5,173	5,310	10,483 
Total revenues	 	57,696	1,965,164	2,022,860 

EXPENDITURES
Current:
General government	63,637	-	63,637
Maintenance and operations	19,885	-	19,885 Debt service:
Principal	-	880,000	880,000
Interest	 	-	830,963	830,963 
Total expenditures	 	83,522	1,710,963	1,794,485 

Excess (deficiency) of revenues
over (under) expenditures	(25,826)	254,201	228,375

Fund balances - beginning	 	98,747	1,536,009	1,634,756 

Fund balances - ending	 $	72,921	$ 1,790,210	$ 1,863,131 

See notes to the financial statements

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Net  change in fund  balances  - total governmental funds	$	228,375
Amounts reported for governmental activities in the statement of activities
are different because:		
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net  position  and  are  eliminated  in the statement of activities.	

880,000	
Amortization of Bond discounts is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(7,061)	
The change in accrued interest  on  long-term  liabilities  between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.	

 	11,555 	
Change in net position of governmental activities	  $	1,112,869 	

See notes to the financial statements

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Winter Garden Village at Fowler Grove Community Development District ("District") was established on January 26, 2006 by Ordinance No. 06-06 by City of Winter Garden, Florida and created 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 financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2019, certain Board members are affiliated with DDR Winter Garden, LLC, a major landowner.

The Board has the final responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal year for which annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for payments through February 28 and become delinquent on April 1. Alternatively, the District adopts a resolution providing for the collection dates and directly collects the assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

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

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

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;
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 and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at 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 asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are completed and placed in service.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

Other Disclosures

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

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the 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.

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2019:

 Amortized Cost	Credit Risk	Maturities	

US Bank Mmkt 5 - Ct Total Investments

  $   1,789,946 

  $   1,789,946 

Not available	Not available

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

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

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

However, the Bond Indenture limits the type of investments held using unspent proceeds.

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

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – LONG-TERM LIABILITIES

Series 2016
On October 20, 2016, the District issued $24,030,000 of Special Assessment Refunding Bonds, Series 2016 consisting of $7,125,000 Term Bonds due on May 1, 2024 with a fixed interest rate of 3%, $8,030,000 Term Bonds due on May 1, 2031 with a fixed interest rate of 3.75%, and $8,875,000 Term Bonds due on May 1, 2037 with a fixed interest rate of 4.125%.The Bonds were issued to provide funds for the refunding on the Series 2006 bonds and to pay the costs of issuance of the Series 2016 bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2017 through May 1, 2037.

The Series 2016 Bonds are subject to optional redemption beginning May 1, 2026 and to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. See Note 10 – Subsequent Event for extraordinary redemption amounts subsequent to fiscal year end.

The Bond Indentures established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2019.

Changes in long-term liability activity for the fiscal year ended September 30, 2019 were as follows:

Beginning

Ending

Due Within

 	Balance	Additions	Reductions	Balance	One Year 

Governmental activities

Series 2016 Bonds

$ 22,385,000	$

-	$	880,000

$ 21,505,000

$ 875,000

Less: issuance discount 	(127,098)	-	(7,061)	(120,037)	-	

Total	 $ 22,257,902	$	-	$	872,939	$ 21,384,963	$   875,000 

At September 30, 2019, the scheduled debt service requirements on the long-term debt were as follows:

Year ending	 	Governmental  Activities	

    September 30:	Principal	Interest	Total	
2020	$	875,000	$	804,788	$ 1,679,788	
2021	900,000	778,538	1,678,538	
2022	930,000	751,538	1,681,538	
2023	955,000	723,638	1,678,638	
2024	985,000	694,988	1,679,988	
2025-2029	5,505,000	2,929,688	8,434,688	
2030-2034	6,660,000	1,800,206	8,460,206	
2035-2037	 	4,695,000	392,700	5,087,700 

  $ 21,505,000	$  8,876,084	$ 30,381,084 

NOTE 6 – CONCENTRATION

A significant portion of the District’s activity is dependent upon the continued involvement of the Landowner, DDR Winter Garden, LLC, which is not affiliated with the Developer. The loss of which could have a material adverse effect on the District’s operations.

NOTE 7 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 8 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

NOTE 9 – SUBSEQUENT EVENTS

Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $30,000 of the Series 2016 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

REVENUES

Budgeted
 	Amounts	 Original & Final

Actual Amounts

Variance with Final Budget - Positive (Negative)

Assessments

$	52,501	$

52,523	$	22

Interest income	 	250	5,173	4,923 
Total revenues	 	52,751	57,696	4,945 

EXPENDITURES
Current:
General government	70,775	63,637	7,138
Maintenance and operations	 	39,000	19,885	19,115 
Total expenditures	 	109,775	83,522	26,253 

Excess (deficiency) of revenues
over (under) expenditures	(57,024)	(25,826)	31,198

OTHER FINANCING SOURCES
Carry forward	 	57,024	-	(57,024) Total other financing sources (uses)	 	57,024	-	(57,024)

Net change in fund balances

  $	-	

(25,826) $

(25,826)

Fund balance - beginning	 	98,747 

Fund balance - ending	 $	72,921 

See notes to required supplementary information

WINTER GARDEN VILLAGE AT FOWLER GROVE COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

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

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Winter Garden Village at Fowler Grove 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 financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida (“District”) as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 16, 2020.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

June 16, 2020

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

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

To the Board of Supervisors
Winter Garden Village at Fowler Grove Community Development District Orange County, Florida

We have examined Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2019. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

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

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2019.

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 Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 16, 2020

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

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

To the Board of Supervisors
Winter Garden Village at Fowler Grove Community Development District Orange County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and have issued our report thereon dated June 16, 2020.

Auditor’s Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 16, 2020, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Winter Garden Village at Fowler Grove Community Development District, Orange County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 16, 2020

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2018.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2019.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2019.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2019. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Winter Garden Village at
Fowler Groves Community Development District

Payment Authorizations 158- 159

WINTER GARDEN VILLAGE AT FOWLER GROVES COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization No. 158
1/9/2020

Item	Payee	Invoice	FY19	FY20
 	No.	

1	Hopping Green & Sams		
District Counsel thru 11/30/19	111599	$	527.00	
2	PFM Group Consulting, LLC				
District Management Fee Dec 2019	DM-12-2019-0080	$	1,458.33	
Website Fee Dec 2019	DM-12-2019-0081	$	100.00	
October 2019 Postage	OE-EXP-00489	$	3.60	
	Subtotal	$	$	2,088.93	
	Total	$2,088.93		

Secretary I Assistant Secretary	Chairman / Vice Chairman

Lubna Sikder

From:	Ryan, Kerri <kryan@sitecenters.com>
Sent:	Friday, January 10, 2020 4:54 PM
To:	Lubna Sikder
Subject:	FW: Winter Garden Village at Fowler Groves CDD Payment Authorization #158
Attachments:	WGVFG PA 158.pdf

 EXTERNAL EMAIL: Use care with links and attachments.	

Please accept this as approval of Payment Authorization #158 in the amount of $2,088.93; I checked my records and don’t have a copy of PA #157 – if you wouldn’t mind resending I’ll make sure I approve it as soon as I receive – thank you.

Kerri A. Ryan, LEED GA
SENIOR REGIONAL PROPERTY MANAGER
————
O: 407-477-4892
E: kryan@sitecenters.com

SITE CENTERS
3251 Daniels Road Suite 130 Winter Garden, FL 34787 sitecenters.com  •  NYSE: SITC

Emergency Line: 877-225-5337

The information transmitted, including any attachments, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited, and all liability arising therefrom is disclaimed. If you received this in error, please contact the sender and delete the material from any computer.

From: Lubna Sikder [mailto:sikderl@pfm.com]
Sent: Friday, January 10, 2020 12:27 PM
To: Ryan, Kerri <kryan@sitecenters.com>
Subject: Winter Garden Village at Fowler Groves CDD Payment Authorization #158

Hi Kerri,

Attached is the Payment Authorization #158 / Winter Garden Village at Fowler Grove CDD for your review and approval. Payment Authorization #157 is still pending. Please contact me if you have any questions.

Lubna Sikder District Accountant
PFM Group Consulting LLC
12051 Corporate Blvd., Orlando, FL 32817 407.723.5900 – main number // 407.723.5901 – fax 844.736.4233 // 844.PFM.4CDD
sikderl@pfm.com

WINTER GARDEN VILLAGE AT FOWLER GROVES
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 159	
2/10/2020					
Item	Payee		Invoice	FY20	
 	No.		
1	Hopping Green & Sams				
	District Counsel thru 12/31/19		112345	$	645.00	
2	PFM Group Consulting, LLC				
	District Management Fee Jan 2020		DM-01-2020-0080	$	1,458.33	
	Website Fee Jan 2020		DM-01-2020-0081	$	100.00	
3	U.S. Bank				
	Administration Fees 11/01/19 - 10/31/20		5565664	$	9,255.73	
			Subtotal	$	11,459.06	
			Total	$11,459.06	
					
Secretary / Assistant Secretary	Chairman / Vice Chairman	

Lubna Sikder

From:	Ryan, Kerri <kryan@sitecenters.com>
Sent:	Tuesday, February 11, 2020 3:22 PM
To:	Lubna Sikder
Subject:	RE: Winter Garden Village at Fowler Groves CDD Payment Authorization #159
Attachments:	WGVFG PA 159.pdf

 EXTERNAL EMAIL: Use care with links and attachments.	 Good Afternoon Lubna,	please accept this as approval of Payment Authorization #159 in the amount of $11,459.06. Thank you,

Kerri A. Ryan, LEED GA
SENIOR REGIONAL PROPERTY MANAGER
————
O: 407-477-4892
E: kryan@sitecenters.com

SITE CENTERS
3251 Daniels Road Suite 130 Winter Garden, FL 34787 sitecenters.com  •  NYSE: SITC

Emergency Line: 877-225-5337

The information transmitted, including any attachments, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited, and all liability arising therefrom is disclaimed. If you received this in error, please contact the sender and delete the material from any computer.

From: Lubna Sikder <sikderl@pfm.com> Sent: Tuesday, February 11, 2020 9:38 AM To: Ryan, Kerri <kryan@sitecenters.com>
Subject: Winter Garden Village at Fowler Groves CDD Payment Authorization #159

Hi Kerri,

Attached is the Payment Authorization #159 / Winter Garden Village at Fowler Grove CDD for your review and approval.

Lubna Sikder District Accountant
PFM Group Consulting LLC
12051 Corporate Blvd., Orlando, FL 32817 407.723.5900 – main number // 407.723.5901 – fax 844.736.4233 // 844.PFM.4CDD
sikderl@pfm.com

Winter Garden Village at
Fowler Groves Community Development District

Review of District’s Financial Position

Winter Garden Village @ Fowler Groves	
Statement of Financial Position	
As of 5/31/2020	

General Fund

Debt Service
Fund

General Fixed Asset Group

Long Term Debt
Group

Total

Assets

Current Assets
General Checking Account Money Market Account Assessments Receivable Prepaid Expenses Assessments Receivable Debt Service Reserve 2016A Revenue 2016A
Prepayment 2016A Principal 2016A General 2016A
Total Current Assets

$120,476.04	
45,465.46	
753.14	
771.31	

$167,465.95

 	

$120,476.04	
45,465.46	
753.14	
771.31	
11,067.98	
747,316.42	
1,005,430.04	
376.73	
0.14	
1,033.84	
$1,932,691.10	

$11,067.98	
747,316.42	
1,005,430.04	
376.73	
0.14	
1,033.84	
$1,765,225.15	

$0.00	$0.00

  	

$1,754,157.17	$1,754,157.17	
18,845,842.83	18,845,842.83	
$20,600,000.00	$20,600,000.00	

Investments		
Amount Available in Debt Service Funds		
Amount To Be Provided		
Total Investments	$0.00	

$0.00	$0.00

Property, Plant & Equipment		
Other Fixed Assets (2006)		
Other Fixed Assets (2007)		
Other Fixed Assets (2008)		
Total Property, Plant & Equipment	$0.00	

$16,841,835.00	
5,844,440.00	
1,599,873.00	
$24,286,148.00	

$16,841,835.00	
5,844,440.00	
1,599,873.00	

	$0.00				$0.00		$24,286,148.00	
$167,465.95		$1,765,225.15		$24,286,148.00		$20,600,000.00		$46,818,839.10	

Total Assets

Current Liabilities		
Accounts Payable	$9,449.00	
Deferred Revenue	753.14	
Deferred Revenue		
Total Current Liabilities	$10,202.14	

$9,449.00	
753.14	
11,067.98	
$21,270.12	

$11,067.98	
$11,067.98	

Liabilities and Net Assets

$0.00	$0.00

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	

$20,600,000.00	$20,600,000.00	
$20,600,000.00	$20,600,000.00	

	$0.00		$0.00		
$10,202.14		$11,067.98		$0.00		$20,600,000.00		$20,621,270.12	

Total Liabilities

Winter Garden Village @ Fowler Groves	
Statement of Financial Position	
As of 5/31/2020	

General Fund

Debt Service
Fund

General Fixed Asset Group

Long Term Debt
Group

Total

$1,931,430.30	
(36,053.13)	
(141,220.00)	

 	 
$48,313.88	
24,606.79	
84,343.14	
1,931,430.30	
(36,053.13)	
(141,220.00)	
24,286,148.00	

$24,286,148.00	
$24,286,148.00	

Net Assets		
Net Assets, Unrestricted	$48,313.88	
Net Assets - General Government	24,606.79	
Current Year Net Assets - General Government	84,343.14	
Net Assets, Unrestricted		
Current Year Net Assets, Unrestricted		
Net Assets - General Government		
Net Assets, Invd in Capital, Net of Debt		
Total Net Assets	$157,263.81	

$1,754,157.17	$0.00	$26,197,568.98

Total Liabilities and Net Assets	$167,465.95	$1,765,225.15	$24,286,148.00	$20,600,000.00	$46,818,839.10

Winter Garden Village @ Fowler Groves	
Statement of Activities	
As of 5/31/2020	

Revenues

General Fund

$126,271.86

Debt Service
Fund

General Fixed Asset Group

Long Term Debt
Group

Total

$905,000.00	
804,225.00	
$1,709,225.00	

$3,118.04	
1,281.13	
$4,399.17	

$1,281.13	
$1,281.13	

Interest Income	
Interest Income	
Total Other Revenues (Expenses) & Gains (Losses)	

 	 

$126,271.86	
1,671,890.74	
$1,798,162.60	

$1,671,890.74	
$1,671,890.74	

On-Roll Assessments	
On-Roll Assessments	
Total Revenues	

$126,271.86	$0.00	$0.00

$9,288.41	
11,666.64	
110.00	
22.00	
4,431.50	
5,000.00	
3,000.00	
13.10	
550.68	
24.43	
1,100.00	
175.00	
6,035.00	
3,630.00	
905,000.00	
804,225.00	
$1,754,271.76	

Trustee Services	
Management	
Engineering	
Property Appraiser	
District Counsel	
Assessment Administration	
Audit	
Postage & Shipping	
Legal Advertising	
Contingency	
Web Site Maintenance	
Dues, Licenses, and Fees	
General Insurance	
Pond Maintenance	
Principal Payment	
Interest Payments - Series 2016	
Total Expenses	

Expenses

$9,288.41	
11,666.64	
110.00	
22.00	
4,431.50	
5,000.00	
3,000.00	
13.10	
550.68	
24.43	
1,100.00	
175.00	
6,035.00	
3,630.00	

Other Revenues (Expenses) & Gains (Losses)	$45,046.76				$0.00		$0.00		
	$3,118.04								
	$3,118.04				$0.00		$0.00		
Change In Net Assets	$84,343.14		($36,053.13)		$0.00		$0.00		$48,290.01	

Net Assets At Beginning Of Year	
$72,920.67		
$1,790,210.30		
$24,286,148.00		
$0.00		
$26,149,278.97	

Net Assets At End Of Year	

$157,263.81		

$1,754,157.17		

$24,286,148.00		

$0.00		

$26,197,568.98	

Winter Garden Village @ Fowler Groves	
Budget to Actual	
For the period ending 05/31/2020	

Actual

Variance	Adopted FY2020

Year To Date	
Budget	

General & Administrative Expenses	
Trustee Fees	
Management	
Engineering	
Dissemination Agent	
Property Appraiser	
District Counsel	
Assessment Administration	
Audit	
Telephone	
Postage/Shipping	
Copies	
Legal Advertising	
Contingency	
Web Site Maintenance	
Dues, Licenses, and Fees	
General Insurance	
Pond Maintenance	
Hurricane Cleanup	
Total General & Administrative Expenses	
Net Income (Loss)	

Budget

Revenues	
On-Roll Assessments	
Carry Forward Revenue	
Interest Income	
Net Revenues	

 	
$126,271.86	$84,683.36	
0.00	30,000.00	
3,118.04	166.64	
$129,389.90	$114,850.00	

 	
$41,588.50	$127,025.00	
(30,000.00)	45,000.00	
2,951.40	250.00	
$14,539.90	$172,275.00	

$9,288.41		$6,666.64	
11,666.64		11,666.64	
110.00		6,666.64	
0.00		333.36	
22.00		3,333.36	
4,431.50		10,000.00	
5,000.00		3,333.36	
3,000.00		3,333.36	
0.00		66.64	
13.10		133.36	
0.00		133.36	
550.68		1,333.36	
24.43		1,666.64	
1,100.00		1,600.00	
175.00		116.64	
6,035.00		3,466.64	
3,630.00		57,666.64	
0.00		3,333.36	
$45,046.76		$114,850.00	

$2,621.77		$10,000.00	
0.00		17,500.00	
(6,556.64)		10,000.00	
(333.36)		500.00	
(3,311.36)		5,000.00	
(5,568.50)		15,000.00	
1,666.64		5,000.00	
(333.36)		5,000.00	
(66.64)		100.00	
(120.26)		200.00	
(133.36)		200.00	
(782.68)		2,000.00	
(1,642.21)		2,500.00	
(500.00)		2,400.00	
58.36		175.00	
2,568.36		5,200.00	
(54,036.64)		86,500.00	
(3,333.36)		5,000.00	
($69,803.24)		$172,275.00	

$84,343.14	$0.00	$84,343.14	$0.00

Winter Garden Village at
Fowler Groves Community Development District

Staff Reports