East Homestead
Community Development District

Unaudited Financial Reporting
November 30, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2019	

5	
	Debt Service Fund Series 2022	

6	
	Debt Service Fund Series 2023	

7	
	Capital Project Fund Series 2019	

8-9	
	Month to Month	

10	
	Long Term Debt Report	

11	
	Assessment Receipt Schedule	

Balance Sheet November 30, 2024

General
Fund

Debt Service
Fund

Capital Project
Fund

Totals
Governmental Funds

Assets:

Operating Account	$	362,118	$	-	$	-	$	362,118	
Petty Cash	500		-	-	500	
Due from General Fund	-	198,845	-	198,845	
Investments:
State Board of Administration	38,311	
-	
-	
38,311	
BankUnited Money Market	100,493	-	-	100,493	
Series 2019
Reserve A	-	
180,950	
-	
180,950	
Revenue A	-	83,405	-	83,405	
Construction	-	-	2,598	2,598	
Series 2022
Reserve	-	
67,052	
-	
67,052	
Revenue	-	23,260	-	23,260	
Series 2023
Revenue	-	
53,059	
-	
53,059	
Deposits-Electric	17,519	-	-	17,519	
Total Assets	$	518,942	$	606,572	$	2,598	$	1,128,111	

Liabilities:
Accounts Payable	

$	30,828	

$	

-	$	-	$	30,828	
Due to General Fund	198,845		-	-	198,845	
Total Liabilities	$	229,673	$	-	$	-	$	229,673	

Fund Balance:
Nonspendable:				
Deposits	$	17,519	$	-	$	-	$	17,519	
Debt Service	-	606,572	-	606,572	
Capital Project	-	-	2,598	2,598	
Unassigned	271,749	-	-	271,749	
Total Fund Balances	$	289,268	$	606,572	$	2,598	$	898,438	
					
Total Liabilities & Fund Balance	$	518,942	$	606,572	$	2,598	$	1,128,111	

Cash:

Restricted for:

Assigned for:

	Adopted	Prorated Budget	Actual		
	Budget	Through 11/30/24	Through 11/30/24	Variance	

Revenues:					
Special Assessments - Tax Roll	$	1,751,202	$	350,240	$	151,659	$	(198,581)	
Clubhouse Income	17,000	2,833	2,437	(396)	
Interest Income	20,000	3,333	1,426	(1,907)	
Miscellaneous Income	-	-	573	573	
Total Revenues	$	1,788,202	$	356,407	$	156,096	$	(200,311)	
Expenditures:					
General and Administrative:
Supervisor Fees	
$	12,000	
$	2,000	
$	1,800	
$	200	
Payroll Taxes	918	153	138	15	
Engineering	10,000	1,667	-	1,667	
Attorney	32,000	5,333	4,435	898	
Annual Audit	6,500	1,083	-	1,083	
Assessment Roll Administration	2,000	2,000	2,000	-	
Arbitrage Calculation	1,800	300	-	300	
Dissemination Agent	3,750	625	625	-	
Trustee Fees	12,206	2,034	6,267	(4,232)	
Management Fees	50,779	8,463	8,463	(0)	
Information Technology	1,000	167	167	0	
Website Maintenance	2,500	417	417	0	
Postage and Delivery	900	150	76	74	
Insurance General Liability	10,275	10,275	9,995	280	
Printing and Binding	1,000	167	35	132	
Rental and Leases	2,400	400	400	-	
Legal Advertising	2,500	417	-	417	
Other Current Charges	2,000	333	592	(259)	
Office Supplies	250	42	-	42	
Dues, Licenses and Subscriptions	175	175	175	-	
Total General and Administrative	$	154,952	$	36,200	$	35,583	$	617	

Operations and Maintenance					
Field Expenditures
Field Management	
$	24,694	
$	4,116	
$	4,116	
$	(0)	
Electricity	54,000	9,000	8,321	679	
Landscape Maintenance	384,775	64,129	10,057	54,072	
Fertilization and Pest Control	49,440	8,240	8,000	240	
Tree Care Services	23,980	3,997	-	3,997	
Landscape Materials	50,000	8,333	-	8,333	
Irrigation Maintenance and Repairs	15,000	2,500	5,259	(2,759)	
Lake Maintenance	12,000	2,000	1,813	187	
Pressure Washing	20,000	19,050	19,050	-	
Lights Repair and Maintenance	2,000	333	-	333	
Community Maintenance/Repairs	30,000	5,000	1,700	3,300	
Sign/Decor Maintenance	1,000	167	-	167	
Stormwater Services/Culvert Cleaning	20,000	3,333	-	3,333	
Holiday Decorations	42,240	7,040	-	7,040	
Sidewalk/Asphalt Repairs	10,000	1,667	-	1,667	
Special Projects	25,000	4,167	-	4,167	
Off Duty Police Services	7,200	1,200	-	1,200	
Contingency	14,000	2,333	-	2,333	
Subtotal Field Expenditures	$	785,329	$	146,605	$	58,316	$	88,288	

	Adopted	Prorated Budget	Actual		
	Budget	Through 11/30/24	Through 11/30/24	Variance	

Clubhouse Expenditures					
Active Video Monitoring	$	40,500	$	6,750	$	6,750	$	-	
Alarm/Fire Alarm Monitoring	2,100	350	-	350	
Fitness Equipment Maintenance	3,000	500	350	150	
Equipment Repair	5,000	833	2,467	(1,634)	
Electric	70,000	11,667	11,250	417	
Cable/Internet Services	4,600	767	871	(104)	
Holiday Lighting/Decorations	15,000	2,500	1,956	544	
Property Insurance	66,207	66,207	63,232	2,975	
Landscape Maintenance	28,710	4,785	-	4,785	
Landscape Replacement	8,000	1,333	-	1,333	
License, Music	2,000	333	-	333	
Irrigation Maintenance and Repairs	4,000	667	-	667	
Janitorial Supplies	9,000	1,500	1,635	(135)	
Office Supplies/Clubhouse Supplies	10,000	1,667	673	993	
Onsite Club Management	54,755	9,126	9,321	(195)	
Onsite Club Employees	203,454	33,909	34,634	(725)	
Payroll Taxes	15,564	2,594	2,650	(56)	
Workers Compensation Insurance	1,815	1,815	1,530	285	
Employees' Health Insurance	26,118	4,353	2,659	1,694	
Pest Control	1,200	200	183	17	
Pool and Spa Maintenance	65,700	10,950	11,800	(850)	
Pool and Spa Repairs	10,000	1,667	950	717	
Permits	1,000	167	-	167	
Nonroutine Pool Cleaning	2,000	333	-	333	
Repairs and Maintenance	80,000	13,333	11,131	2,202	
Special Events	6,000	1,000	60	940	
Security-Roving Guard	2,500	417	-	417	
Telephone	5,500	917	986	(69)	
Trash Collection	9,000	1,500	1,898	(398)	
Water and Sewer	3,706	618	691	(74)	
Contingency	25,000	4,167	9,999	(5,832)	
Replacements	16,493	2,749	-	2,749	
Capital Reserve	50,000	8,333	6,500	1,833	
Subtotal Clubhouse Expenditures	$	847,922	$	198,005	$	184,176	$	13,829	
					
Total Operations and Maintenance	$	1,633,250	$	344,610	$	242,493	$	102,117	
					
Total Expenditures	$	1,788,202	$	380,810	$	278,076	$	102,735	
					
Excess (Deficiency) of Revenues over Expenditures	$	(0)	$	(24,403)	$	(121,980)	$	(97,576)	
					
Fund Balance - Beginning			$	411,248		
					
Fund Balance - Ending			$	289,268		

Revenues:					
Special Assessments - Tax Roll	$	361,898	$	72,380	$	31,341	$	(41,038)	
Interest Income	-	-	4,035	4,035	
Total Revenues	$	361,898	$	72,380	$	35,376	$	(37,003)	

Expenditures:					
Interest - 11/1	$	125,172	$	125,172	$	125,172	$	(0)	
Principal - 11/1	110,000	110,000	110,000	-	
Interest - 5/1	123,109	-	-	-	
Total Expenditures	$	358,281	$	235,172	$	235,172	$	(0)	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,617	$	(162,792)	$	(199,796)	$	(37,003)	
					
Net Change in Fund Balance	$	3,617	$	(162,792)	$	(199,796)	$	(37,003)	
					
Fund Balance - Beginning			$	495,499		
					
Fund Balance - Ending			$	295,704		

Revenues:					
Special Assessments - Tax Roll	$	1,206,200	$	241,240	$	104,460	$	(136,780)	
Interest Income	-	-	1,979	1,979	
Total Revenues	$	1,206,200	$	241,240	$	106,440	$	(134,800)	

Expenditures:					
Interest - 11/1	$	157,973	$	157,973	$	157,973	$	-	
Interest - 5/1	157,973	-	-	-	
Principal - 5/1	900,000	-	-	-	
Total Expenditures	$	1,215,945	$	157,973	$	157,973	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(9,745)	$	83,268	$	(51,533)	$	(134,800)	
					
Net Change in Fund Balance	$	(9,745)	$	83,268	$	(51,533)	$	(134,800)	
					
Fund Balance - Beginning			$	246,329		
					
Fund Balance - Ending			$	194,796		

Revenues:					
Special Assessments - Tax Roll	$	727,443	$	145,489	$	62,999	$	(82,490)	
Interest Income	-	-	2,014	2,014	
Total Revenues	$	727,443	$	145,489	$	65,012	$	(80,476)	

Expenditures:					
Interest - 11/1	$	197,981	$	197,981	$	197,981	$	-	
Interest - 5/1	197,981	-	-	-	
Principal - 5/1	303,000	-	-	-	
Total Expenditures	$	698,961	$	197,981	$	197,981	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	28,482	$	(52,492)	$	(132,968)	$	(80,476)	
					
Net Change in Fund Balance	$	28,482	$	(52,492)	$	(132,968)	$	(80,476)	
					
Fund Balance - Beginning			$	249,040		
					
Fund Balance - Ending			$	116,072		

Adopted	Prorated Budget	Actual	
Budget	Thru 11/30/24	Thru 11/30/24	Variance	

Revenues

Interest Income	

$	

-	$	

-	$	21	

$	21	
Total Revenues	$	-	$	-	$	21	$	21	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	21	$	21	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	-	

$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance			$	21		
					
Fund Balance - Beginning			$	2,577		
					
Fund Balance - Ending			$	2,598		

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

Revenues:		
Special Assessments - Tax Roll	$	-	$ 151,	
Clubhouse Income	2,437	
Interest Income	882	
Insurance Proceeds	-	
Miscellaneous Income	565	

659
- 545
-
8

659

$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 151,	
-	-	-	-	-	-	-	-	-	-	2,	
-	-	-	-	-	-	-	-	-	-	1,	
-	-	-	-	-	-	-	-	-	-		
-	-	-	-	-	-	-	-	-	-		

437
426
- 573

Total Revenues	$  3,884  $ 152,212  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 156,096

Expenditures:		
General and Administrative:		
Supervisor Fees	$  1,000	$	800	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,800	
Payroll Taxes	77	61	-	-	-	-	-	-	-	-	-	-	138	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	2,988	1,448	-	-	-	-	-	-	-	-	-	-	4,435	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Roll Administration	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Arbitrage Calculation	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	313	313	-	-	-	-	-	-	-	-	-	-	625	
Trustee Fees	6,267	-	-	-	-	-	-	-	-	-	-	-	6,267	
Management Fees	4,232	4,232	-	-	-	-	-	-	-	-	-	-	8,463	
Information Technology	83	83	-	-	-	-	-	-	-	-	-	-	167	
Website Maintenance	208	208	-	-	-	-	-	-	-	-	-	-	417	
Postage and Delivery	46	30	-	-	-	-	-	-	-	-	-	-	76	
Insurance General Liability	9,995	-	-	-	-	-	-	-	-	-	-	-	9,995	
Printing and Binding	28	6	-	-	-	-	-	-	-	-	-	-	35	
Rental and Leases	200	200	-	-	-	-	-	-	-	-	-	-	400	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	313	279	-	-	-	-	-	-	-	-	-	-	592	
Dues, Licenses and Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  27,923	$  7,660	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  35,583	

Operations & Maintenance										
Field Expenditures
Field Management	

$  2,058	

$  2,058	

$	-	$	-	$	

-	$	

-	$	

-	$	

-	$	-	$	

-	$	-	$	

-	$	4,116	
Electricity	4,193	4,129	-	-	-	-	-	-	-	-	-	-	8,321	
Landscape Maintenance	10,057	-	-	-	-	-	-	-	-	-	-	-	10,057	
Fertilization and Pest Control	4,000	4,000	-	-	-	-	-	-	-	-	-	-	8,000	
Tree Care Services	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape Materials	-	-	-	-	-	-	-	-	-	-	-	-	-	
Irrigation Maintenance and Repairs	-	5,259	-	-	-	-	-	-	-	-	-	-	5,259	
Lake Maintenance	907	907	-	-	-	-	-	-	-	-	-	-	1,813	
Pressure Washing	11,850	7,200	-	-	-	-	-	-	-	-	-	-	19,050	
Lights Repair and Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Community Maintenance/Repairs	-	1,700	-	-	-	-	-	-	-	-	-	-	1,700	
Stormwater Services/Culvert Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Decorations	-	-	-	-	-	-	-	-	-	-	-	-	-	
Sidewalk/Asphalt Repairs	-	-	-	-	-	-	-	-	-	-	-	-	-	
Special Projects	-	-	-	-	-	-	-	-	-	-	-	-	-	
Off Duty Police Services	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Subtotal Field Expenditures	$  33,064	$  25,252	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  58,316	

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

Clubhouse Expenditures
Active Video Monitoring

$  3,375  $

3,375  $

-	$	-	$	-	$

-	$	-	$

-	$	-	$

-	$	-	$

-	$	6,750

Alarm/Fire Alarm Monitoring		-		-	-	-	-	-	-	-	-	-	-	-		- Fitness Equipment Maintenance	175	175	-	-	-	-	-	-	-	-	-	-	350
Equipment Repair	-	2,467	-	-	-	-	-	-	-	-	-	-	2,467
Electric	5,459	5,791	-	-	-	-	-	-	-	-	-	-	11,250
Cable/Internet Services	435	435	-	-	-	-	-	-	-	-	-	-	871
Holiday Lighting/Decorations		47	1,909	-	-	-	-	-	-	-	-	-	-		1,956 Property Insurance	63,232		-	-	-	-	-	-	-	-	-	-	-	63,232
Landscape Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-
Landscape Replacement	-	-	-	-	-	-	-	-	-	-	-	-	-
License, Music		-		-	-	-	-	-	-	-	-	-	-	-	- Irrigation Maintenance and Repairs		-		-	-	-	-	-	-	-	-	-	-	-	- Janitorial Supplies	732	904	-	-	-	-      -      -      -      -      -      -     1,635 Office Supplies/Clubhouse Supplies     248     426     -      -      -      -      -      -      -      -      -      -      673
Onsite Club Management		4,642		4,679	-	-	-	-	-	-	-	-	-	-		9,321 Onsite Club Employees	17,247	17,387	-	-	-	-	-	-	-	-	-	-	34,634 Payroll Taxes		1,319		1,330	-	-	-	-      -      -      -      -      -      -     2,650
Workers Compensation Insurance	1,530		-	-	-	-	-	-	-	-	-	-	-	1,530 Employees' Health Insurance	1,330	1,330	-	-	-	-	-	-	-	-	-	-	2,659 Pest Control		183		-	-	-	-	-      -      -      -      -      -      -      183
Pool and Spa Maintenance	5,900	5,900	-	-	-	-	-	-	-	-	-	-	11,800 Pool and Spa Repairs		700		250	-	-	-	-	-	-	-	-	-	-		950
Permits	-	-	-	-	-	-	-	-	-	-	-	-	-
Nonroutine Pool Cleaning		-			-	-	-	-	-	-	-	-	-	-	-		- Repairs and Maintenance	4,118	7,014	-	-	-	-	-	-	-	-	-	-	11,131 Special Events			60		-	-	-	-	-      -      -      -      -      -      -      60
Security-Roving Guard	-	-	-	-	-	-	-	-	-	-	-	-	-
Telephone	492	494	-	-	-	-	-	-	-	-	-	-	986
Trash Collection	844	1,054	-	-	-	-	-	-	-	-	-	-	1,898
Water and Sewer	283	408	-	-	-	-	-	-	-	-	-	-	691
Contingency	9,999	-	-	-	-	-	-	-	-	-	-	-	9,999
Replacements	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Reserve	-	6,500	-	-	-	-	-	-	-	-	-	-	6,500

Subtotal Clubhouse Expenditures	$ 122,349	$  61,827	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 184,176	
	
Total Operations & Maintenance	$ 155,413	$  87,079	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 242,493	

Total Expenditures

$ 183,336  $  94,739  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $ 278,076

Excess (Deficiency) of Revenues		
over Expenditures	$ (179,453)	$  57,473	$	-  $	-  $	-  $	-	$	-	$	-	$	-  $	-  $	-  $	-	$ (121,980)	
											
Net Change in Fund Balance	$ (179,453)	$  57,473	$	-  $	-  $	-  $	-	$	-	$	-	$	-  $	-  $	-  $	-	$ (121,980)	

East Homestead
Community Development District Long Term Debt Report

	Series 2019, Special Assessment Bonds			

Original Issuance:	
2/8/19	
$5,630,000		
Maturity Date:		11/1/2049		
Term 1:	$95,000			
Interest Rate:	3.55%			
Maturity Date:	11/1/20			
Term 2:	$415,000			
Interest Rate:	3.75%			
Maturity Date:	11/1/24			
Term 3:	$625,000			
Interest Rate:	4.125%			
Maturity Date:	11/1/29			
Term 4:	$1,725,000			
Interest Rate:	4.75%			
Maturity Date:	11/1/39			
Term 5:	$2,770,000			
Interest Rate:	5.00%			
Maturity Date:	11/1/49			
Bonds outstanding - 9/30/24			$5,230,000	
Less: Principal Payment - 11/1/24			(110,000)	
Current Bonds Outstanding			$5,120,000	

Original Issuance: Interest Rate:
Maturity Date:

Bonds outstanding - 9/30/24 Less: Principal Payment - 5/1/25	Series 2022, Special Assessment Bonds

3/9/22	

$14,115,000
2.55%
5/1/2036	

$12,390,000
-	
Current Bonds Outstanding	$12,390,000	

Original Issuance: Interest Rate:
Maturity Date:

Bonds outstanding - 9/30/24 Less: Principal Payment - 5/1/25	Series 2023, Special Assessment Bonds

10/12/23	

$9,192,000
4.45%
5/1/2043	

$8,898,000
-	
Current Bonds Outstanding	$8,898,000	

Total Current Bonds Outstanding	$26,408,000

East Homestead

Special Assessment Receipts - Miami-Dade County		
Gross Assessments	$	1,843,370	$	380,946	$	1,269,684	$	765,729	$	4,259,729	
Net Assessments	$	1,751,202	$	361,898	$	1,206,200	$	727,443	$	4,046,743	
ON ROLL ASSESSMENTS
Allocation in %	
43.27%	
8.94%	
29.81%	
17.98%	
100.00%	

COMMUNITY DEVELOPMENT DISTRICT

Date	
Distribution	
Gross Amount	
Discount/ Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	2019
Debt Service	2022	Debt Service	2023	Debt Service	
Total	

11/25/24	
11/1/24-11/11/24	
$	218,986.85	
$	8,759.44	
$	2,102.27	
$	-	
$	208,125.14	
$	90,064.82	
$  18,612.54	
$	62,035.20	
$  37,412.59	
$	208,125.15	
11/26/24	11/12/24-11/18/24	149,762.32	5,990.40	1,437.72	-	142,334.20	61,594.21	12,728.88	42,425.10	25,586.01	142,334.20	
	TOTAL	$	368,749	$	14,750	$	3,540	$	-	$	350,459	$	151,659	$	31,341	$	104,460	$	62,999	$	350,459	

8.66%
$  3,890,980.10

Percent Collected Balance Remaining to Collect