INDIGO COMMUNITY DEVELOPMENT DISTRICT

MAY 23, 2018 AGENDA PACKAGE

May 17, 2018

Indigo
Community Development District
475 West Town Place, Suite 114, St. Augustine, Florida 32092 Phone: 904-­‐‑940-­‐‑5850 -­‐‑ Fax: 904-­‐‑940-­‐‑5899

Board of Supervisors Indigo Community Development District

Dear Board Members:

The regular meeting of the Indigo Community Development District will be held Wednesday, May 23, 2018 at 1:00 p.m. at the Holiday Inn Daytona Beach LPGA Blvd., Boardroom, 137 Automall Circle, Daytona Beach, Florida 32124. Following is the advance agenda for the meeting:

Roll Call
Audience Comments (Limited to 3 minutes per person)
Approval of Minutes of the March 28, 2018 Meeting
Discussion of Hayman Wood Delinquent Properties
Consideration of Settlement Offer from FIG
Discussion of Landscape RFP
Consideration of Resolution 2018-01, Approving the Proposed Budget for Fiscal Year 2019 and Setting a Public Hearing Date for Adoption
Staff Reports
Attorney
Engineer
Manager – Report on the Number of Registered Voters (1,719)
Field Operations Manager – Discussion of Pocket Parks
Supervisors’ Request and Audience Comments (Limited to 3 minutes per person)
Approval of Check Register
Financial Statements as of February 28, 2018
Other Business
Next Scheduled Meeting – June 27, 2018 at 1:00 p.m. @ Holiday Inn
Adjournment

Enclosed for your review and approval are the minutes of the March 28, 2018 meeting.

The fifth order of business is consideration of settlement offer from FIG. A copy of the letter is enclosed for your review and approval.

The sixth order of business is discussion of landscape RFP. Any backup documentation will be provided under separate cover.

The seventh order of business is consideration of resolution 2018-01, approving the proposed budget for fiscal year 2019 and setting a public hearing date for adoption. A copy of the resolution is enclosed for your review. The budget will be provided under separate cover.

Enclosed are the check register and financial statements.

The balance of the agenda is routine in nature and staff will give their reports at the meeting. In the meantime if you have any questions, please contact me.

Sincerely,

James Perry
James A. Perry Manager

cc:	Karen Jusevitch	Jonathan Johnson	Thomas Philpot	
	Darrin Mossing	Kent Boulicault	Gabriel McKee	
	Katie Buchanan	Robert Gaylord	Leigh Fletcher	

2

AGENDA

Indigo
Community Development District Revised Agenda

Wednesday	Holiday Inn Daytona Beach LPGA Blvd. May 23, 2018		137 Automall Circle
1:00 p.m.	Daytona Beach, Florida 32124
Call In # 1-800-264-8432 Code 752807
www.indigocdd.com

Roll Call

Audience Comments (Limited to 3 minutes per person)

Approval of Minutes of the March 28, 2018 Meeting

Discussion of Hayman Wood Delinquent Properties

Consideration of Settlement Offer from FIG

Discussion of Landscape RFP

Consideration of Proposal for Median / Roundabout Landscaping

Consideration of Resolution 2018-01, Approving the Proposed Budget for Fiscal Year 2019 and Setting a Public Hearing Date for Adoption

Staff Reports
Attorney

Engineer

Manager – Report on the Number of Registered Voters (1,719)

Field Operations Manager – Discussion of Pocket Parks

Supervisors’ Request and Audience Comments (Limited to 3 minutes per person)

Approval of Check Register

Financial Statements as of February 28, 2018

Other Business

Next Scheduled Meeting – June 27, 2018 at 1:00 p.m. @ Holiday Inn

Adjournment

MINUTES

INDIGO
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Indigo Community Development District was held Wednesday, March 28, 2018 at 1:03 p.m. in the Holiday Inn Daytona Beach LPGA Boulevard, Ballroom, 137 Automall Circle, Daytona Beach, Florida.

Present and constituting a quorum were:

Thomas G. Leek	Chairman
Robert E. Welsh	Vice Chairman by telephone
John McCarthy	Assistant Secretary
Donald Parks	Assistant Secretary
Mark McCommon	Assistant secretary Also Present were:
James Perry	District Manager
Katie Buchanan	District Counsel
Kurt von der Osten	Field Operations Manager
Jayne Rountree	Team Rountree
Jamie Rountree	Team Rountree 10 Residents

FIRST ORDER OF BUSINESS	Roll Call
Mr. Leek called the meeting to order and Mr. Perry called the roll.

SECOND ORDER OF BUSINESS	Audience Comments
Mr. Welsh joined the meeting at this time by telephone and there not being a clear connection he left the conference call.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the January 24,
2018 Meeting

On MOTION by Mr. Parks seconded by Mr. McCommon with all in favor the minutes of the January 24, 2018 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Acceptance of Minutes of the February 26,
2018 Workshop

Mr. Perry stated FDOT did send me their slide presentation and their notes of the meeting and the people who signed up to attend the meeting and we will attach those documents to this summary.

On MOTION by Mr. Leek seconded by Mr. McCarthy with all in favor the minutes of the February 26, 2018 workshop were accepted.

FIFTH ORDER OF BUSINESS	Discussion of Hayman Wood Delinquent
Properties
Mr. Perry stated I did have correspondence with Ashley Noonan in regard to Hayman Wood and they are basically walking away from almost all their properties other than one or two parcels they might keep. There are a number of tax certificates that have been redeemed and title has gone to those certificate holders. The bondholders are working with consultants to try to package the number of parcels that Hayman Wood has.
Mr. Leek asked when that changes hands does that cause a catch-up from all the past O&M or are they going to come to us and want us to waive that?
Mr. Perry stated you have to look at that on a case by case basis because some of the parcels we put the O&M on the tax roll, there were a couple years where we direct billed so there could be some issues there in years 2010 and 2011 but for the most part in years subsequent to that the district received those funds.
Mr. McCommon asked what about the legal agreement we had with them to pay ongoing charges?
Mr. Perry stated they are not going to be paying going forward.
Ms. Buchanan stated our security to enforce that agreement was SW 28 which has been sold in a tax deed sale, so they don’t own it anymore. That being said the agreement was recorded and officially there is a lien of record against the property. We could potentially have our ------------------------------- where we try to enforce that agreement against the new landowners -------------------- and the new landowner for S.W. 28 did file an action to clear title on SW 28. I advised her that there was a large amount of assessments outstanding both debt and O&M and she knew about the mortgage because it was officially recorded. What they did was decide to drop the district from their quiet title action with the hope that at some point in the near future they would come to the district with a settlement proposal that would include both the debt

to the bondholders and O&M for the district. That is particular to just SW 28.  You have  multiple landowners who have picked up large tracts from tax deed sales.
Mr. Leek asked for SW 28 in particular is that new owner a developer?
Ms. Buchanan stated it is Cardinal Mortgage so I’m not entirely sure what their business model is and --------------------------- but perhaps it is an unrelated company.
Mr. McCommon stated you said they dropped us from their attempt to get clear title. Ms. Buchanan stated they did.
Mr. McCommon stated so our lien is still relevant and will stay on there. Is there any opportunity to legally pursue Hayman Wood since they originally signed the agreement?
Ms. Buchanan stated potentially but I will tell you frankly that you will get into an area where you need to evaluate the cost effectiveness of doing that. They have paid close to
$100,000 out of their original $117,000 balance. There were two parcels and the lien of record was for the NW 21 assessments which were $117,000 and that is the only lien we have, the assessments for SW 28 were not included in the mortgage because that is the one they were always trying to sell.
Mr. McCommon stated I would like to get an understanding of what the current balance due and so forth is on that property, SW 28, so we can understand both the O&M and past due taxes so we are better prepared for any discussion or deciding if there are other options we want to pursue. I don’t feel comfortable saying we don’t want to pursue something when I don’t know the amount we are talking about.
Ms. Buchanan stated -------------- pursue against G.C. Land. The agreement called for the repayment of $117,000 on assessments for NW 21 and that was secured by a mortgage on SW 28 and of that $117,000+ $101,000 has been received to date. These are from our assessments from 2010 and 2011.
Mr. McCommon stated what I also want to understand is what is due and outstanding on SW 28 since that wasn’t part of the agreement.
Ms. Buchanan stated the full balance, which I think was in the $---------------- range for
O&M.
Mr. McCommon stated that is O&M but there were also taxes. I assume whoever bought
the tax deed had to pay those.

Mr. Perry stated they paid them when the tax certificates were sold. We don’t get the taxes but there is still debt that is subject	--.
Ms. Buchanan stated when the property was purchased they did get estoppel letters. Granted I think they got estoppel letters from another interested person so they didn’t contact Jim’s office directly but I believe the estoppel included the entire amount of the balance owed for SW 21 inclusive of the 2010 and 2011 assessments so they were advised those assessments were outstanding.
Mr. Perry stated we will get you the amounts.
Mr. McCommon stated I would like to get a copy of that as well.

SIXTH ORDER OF BUSINESS	Acceptance of Draft Fiscal Year 2017 Audit
Mr. Perry stated item six is acceptance of the draft fiscal year 2017 audit. One thing I  will point and unfortunately, we sent this out and we had a correction subsequently, which is on page 1, the auditors opinion. Where is says, basis for qualified opinion on the debt service fund that has been removed and it is now an unqualified opinion, which is what is referred to as a clean opinion. The reason this was in the initial draft was there were certain costs that the trustee had paid out of the bond funds and the documentation for those costs had not been provided to us or the auditor. They subsequently were provided to us and the auditor is comfortable with what was paid so this has been removed, which is what you want to see. If it is in there it creates an issue -----------------------. That has been changed and in regard to the report itself the most important other section is page 24, the report on internal control and they have a clean opinion on this too there are no items that required disclosure to the board. Also, on page 26 is the report on compliance and the district met all the compliance requirements. Also, there is the letter to the auditor general on page 27 that goes to page 29 and you will see the only issues that we have are related to issues with bond funds that were delinquent, certain properties have not paid their assessments. These are standard comments that have been appearing since 2011 in the audit report and we have been trying to work through them with the bondholders. In regard to all the compliance items with the auditor general there are no issues there other than the financial one on no. 6 on page 29, that also has to do with the bond funds and the district being in default on the 1999C and 2005 Bonds. Those are items that we have gone over every year for several  years.

On MOTION by Mr. Parks seconded by Mr. Leek with all in favor the fiscal year 2017 audit was accepted.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Engineer
There being none, the next item followed.

Manager – Discussion on Delinquent Payment Processing by Trustee on Bond Payments
Mr. Perry stated in regard to the qualified opinion we will be working with the trustee. Since the bonds have been in default there have been payments made by them through the --------
------- account to consultants, legal firm and the consultants working with them to try to market this property. Those costs are about $47,000 to date and what will eventually happen at the end of the day is when they either sell those properties those funds will be recognized back to the district or in the future if we refinance the bonds the district will get the benefit of those dollars. It is kind of a stopgap that they are doing but we want to make sure that they recognize that going forward.

Field Operational Manager – Discussion of Pocket Parks
Mr. von der Osten stated we discussed at the last meeting the idea of pocket parks and there was mention of sexual offenders moving into the neighborhood I was asked to come back with a more detailed presentation. I handed out some information to you and I will quickly run through it and there is a lot of supporting documentation that you can look at later today. I went through this looking at it as a cooperation between neighborhood HOAs and the CDD for the reason I just stated. Not only creating the residency restrictions for sexual offenders in the neighborhood and use of the playgrounds by children.
Ms. Buchanan asked it is a fine distinction, but is it predators or offenders?

Mr. von der Osten stated most of the documents you look at say offenders but it does include predators also. There are a lot of legalities, I have attached all the Florida Statutes and there are exceptions. It is the majority of registered offenders/predators but there are exceptions.
Everything in here is based on one city ordinance and three Florida Statutes and what is recommended is you model it and restrictions in your agreements after the city. The city is more stringent and it is modeled on Florida Statutes. Using the local municipality is the way to go or with the county, 11 of the 13 municipalities in the county have these ordinances only two do not, Ponce Inlet and New Smyrna Beach. After multiple discussions I did a bullet point presentation that can be researched after the meeting. The state code is a 1,000 foot radius, the city is 2,500 and that creates a significant difference and in a couple drawings that you can see what that does. Originally, when ------------------- did this you had to go out and get a surveyor to come out and create the GPS coordinates and whatnot and turn that in to FDLE now the Florida Department of Law Enforcement through NGIS mapping all you have to do is give them the address of the park they plug it in and it automatically creates a radius and goes into the registry. That would be a cost savings. There would need to be an agreement with the city that the HOA or CDD wants to adopt that here on their private property if that is where it goes.
Just some quick points that are in the ordinances:
Owners cannot knowingly lease or allow a registered felon into the property.
Existing offenders who already live in the community are grandfathered in prior to the date of implementation.
You register these with FDLE, the county, sheriff’s department and the city.
I’m told that the communities surrounding LPGA are looking to implement the same system. At Bayberry Lakes across the street they have three areas they registered, their pool area has a small playground, they created a new park playground at the midpoint of the community and they also registered Champions Elementary School, which qualifies.
Initial financial cost for what I would call the minimal park and that is two quality pieces of equipment and I put some quotes in one of the attachments from a company that the City of Daytona uses in their parks. Two good pieces of equipment, the ------------ service, permitting, prep, you are at an entry price of $10,000 to $12,000 per park.
Mr. Leek asked would that be shared equally between the HOAs and CDD?

Mr. von der Osten stated that is to be discussed. I talked to all three agencies and the  state and there was a meeting with representatives of the city public works department who handles all the recreation and parks with the city and he made a list and went over several casual recommendations you may want to think of as you go through this. You have to make sure it is an area that attracts children. He mentioned walking trail stations could be a possibility and it would be a station that would attract children as well as adults, it cannot be just an adult oriented station. Plan on phases and go with a small phase first to get it started and registered and as the budget allows you can increase it. Purchasing the equipment from a reputable company.  Get  one that provides replacement parts and is durable. Do not go to Home Depot or Lowes and buy spare parts, they are not going to be quality and meet the standards that we need. Fall zone extended 6 feet around the equipment to pass safety inspections. Certain things like swings have to be for the same age person.
Everybody was very cooperative in this and a prosecutor in the state attorney’s office is the one who spearheaded the creation of this in Bayberry Lakes, which is the first one in the state to use existing ordinances to create these parks and create residency restrictions. Since that time he has become a little bit of the de facto expert in the state and communities around the state contact him for information on these types of things. He was very helpful about offering additional help if we need it.
Mr. McCommon asked did you actually observe that playground?
Mr. von der Osten stated yes. They went a little further they did a $100 assessment and spent $30,000 and put fencing around it and more than two pieces of equipment. They also  added equipment at the pool. The pool area might qualify, we have bike racks, pool but if you want to be conservative add a couple pieces of equipment. Once you request to be registered at least FDLE will send a probation officer to the community and see if he deems it a park playground that attracts children, he will report back to FDLE then it goes into the system and the city will do the same thing and it would be enforced by the city since we would ideally have an agreement with the city since they have the strongest ordinances.
Mr. Leek asked what about the liability issue?
Mr. von der Osten stated the insurance company for the general liability policy in Grand Champion estimated the additional premium would be about $750 a year.
Mr. Perry stated that is the

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Mr. McCarthy stated I think we should pursue getting a traffic light at Champions and LPGA. The reason I bring that up is Margaritaville installed their own and they paid for it.
Mr. Perry stated you have to do a traffic study first because there are a number of trips that have to be recorded in order to have signalization. I’m not an engineer but the cost of a light is around $400,000.
Mr. von der Osten stated one positive is that those lights will create gaps in the traffic and now there are no gaps and everybody is flowing freely through there.
Mr. McCarthy stated one concern I had was if they put in a light at the Automall entrance that will stop traffic and it will back up over that little bridge and it is going to impact Champions.
Mr. Perry stated I hear your request but if you want a traffic study done it is probably going to cost between $25,000 to $30,000 and you go from there.
Mr. McCommon stated I would want to wait until they get the light up at Tomoka Farms to see what the impact is. What we heard at the FDOT meeting is there is a light going in there, but it won’t be permanent because the interchange potentially affects that light. I would like to see the impact of it before we get too far down the road.
A resident stated it won’t go in this year it will go in, in 2019.
Mr. McCommon stated it may have been more than just the last few days, but I now have noticed a significant number of construction vehicles parked at or inside our interchange off of
95. Not that they need our permission, but we are paying for maintenance of that and whatever damage they do I don’t want us to be responsible for repairing. Especially since we are still under that obligation and I imagine it also affects Jamie’s ability to maintain some of that property because there are cranes down there, all kinds of stuff.
Mr. Rountree stated the biggest area they are actually utilizing for their parking we don’t actually maintain. That is mowed by DOT. We talked to one of the supervisors to make sure  they knew where our mains ran and the biggest issue that we have is every time construction is done they shut our water down. They don’t tell us and they don’t always turn it back on. Until we do our monthly inspection we don’t even know that we don’t have water. We are working with them the best we can.

Mr. McCommon stated the notifications that are on the signs that say exits and entrances were going to be closed periodically starting tonight at 10:00 p.m. and it has to do with them installing lights.
Mr. Rountree stated yes, if you see those large concrete columns, those are the anchors that will actually get set in the ground that ultimately the light poles attach to like a balance. They will probably install all of those and at some point they will come back and install the actual lights.
Mr. McCommon stated I understand that what we saw at the FDOT presentation was more around redoing the interchange, but it caught me off guard seeing all this equipment down there then I see signs saying we are going to close the entrance and exit ramps at certain days and times.

NINTH ORDER OF BUSINESS	Approval of Check Register

On MOTION by Mr. Parks seconded by Mr. McCommon with all in favor the check register was approved.

TENTH ORDER OF BUSINESS	Financial Statements as of February 28, 2018
A copy of the unaudited financial statements was included in the agenda package.

ELEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

TWELFTH ORDER OF BUSINESS	Next Scheduled Meeting – May 23, 2018 at
1:00 p.m. @ Holiday Inn
Mr. Perry stated the next scheduled meeting is May 23, 2018 at 1:00 p.m. in the same location. We will bring to the May meeting the proposed budget for next year.  We will bring  the budget for your consideration of approval then adopt a budget probably in August.
Mr. McCommon stated whatever you can send out a week or two in advance of the budget would be helpful because whatever we are going to agree to as far as the parks will need to be considered in the budget.

Mr. Perry stated I can put a line item in the budget like a pro forma and we can use some of the funds we have available right now. We are still looking to decrease assessments so your assessments will go down even if our expenditures are up.

On MOTION by Mr. Leek seconded by Mr. McCarthy with all in favor the meeting adjourned at 2:11 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

FIFTH ORDER OF BUSINESS

May 16, 2018

Warren S. Bloom Greenberg Traurig
450 South Orange Avenue Suite 650
Orlando, FL 32801

Re: Delinquent Parcels within Indigo Community Development District Dear Warren:
Our firm has the pleasure of representing Cardinal Servicing Company LLC, an affiliate of FIG Capital Investments, LLC (“FIG”) and the owner of eleven parcels that were recently acquired (the “Delinquent Parcels”) within the Indigo Community Development District (the “District”). We understand that there exists certain delinquencies in debt assessment and operations and maintenance assessments against the Delinquent Parcels. We also understand that the debt assessments have been accelerated and the total debt assessment is now due. Our client would like to move quickly and resolve the amounts owing so that they can proceed with developing the parcels. To this end, FIG offers to pay the delinquent principal amortization installments due with respect to the District’s Capital Improvement Revenue Bonds, Series 1999C (the “1999C Bonds”) in an amount equal to $171,411.19 and its Capital Improvement Revenue Bonds, Series 2005 (the “2005 Bonds”) in an amount equal to $527,973.68 and begin to pay the balance of the principal and interest assessments as such amounts would come due after the debt assessments are decelerated and the original amortization schedule is reinstituted. In addition, the landowner offers to pay 50% of the past due accrued and unpaid interest due with respect to the 1999C Bonds in an amount equal to $196,735.58 and with respect to the 2005 Bonds in an amount equal to $741,014.08. All penalties imposed on the debt assessments are to be waived by the District.

With respect the payment of past due operations and maintenance special assessments, FIG is prepared to pay the full outstanding balances with respect to the Delinquent Parcels in an amount equal to $259,520.24. All penalties imposed on the past due operations and  maintenance special assessments are also to be waived by the District. In addition, it appears either the District or its bond trustee holds a mortgage on one or more of the parcels Fig currently owns and a parcel FIG is attempting to acquire. FIG will need this mortgage satisfied and released upon payment of the amounts described herein. The proposed payment amounts are based on the information obtained by FIG from the District’s manager and attached hereto as an exhibit.

Our client is also the owner of certain tax lien certificates and is in the process of securing title to land   identified   by   Volusia   County   Parcel   ID   5208-­‐‑00-­‐‑00-­‐‑0022   and   5221-­‐‑00-­‐‑00-­‐‑0025   (the “Additional Parcels”).   Upon securing title to the Additional Parcels our client will be prepared      to pay the past due amounts on the same basis as agreed to on  the  Delinquent  Parcels  as  described above. In consideration for these payments the only request FIG  makes  is  for  the  District and bond trustee enter into an agreement to forbear exercising any remedies against the Additional Parcels so long as FIG is  diligently  pursuing  the  foreclosure  of its  tax  liens  against the Additional Parcels.

Payments with respect to the Delinquent Parcels will be made within 30 days following acceptance of this offer in settlement and the execution of an settlement agreement related to the Delinquent Parcels and the Additional Parcels. We look forward to a response to this proposal which we believe will put these parcels in a great position to be developed pursuant to a comprehensive and cohesive development plan.

Respectfully submitted,

Kenneth Artin

Cc: Katie Buchanan
John Finch

EXHIBIT A	

Eleven Parcels	

FIG Proposal 30 Day Pmt Future Pmt

Assessments	

Total Delq Prin
$958,905.10
$604,098.16

Delq Principal	

Total Delq Int
$937,749.66
$493,981.65

Delq Interest	

Total Pmt
$1,896,654.76
$1,098,079.81

Delq Penalty	

Balance To Decelerate	
	1999C	$171,411.19	$393,471.17	$648,087.68	$648,422.53	
	2005A	$527,973.68	$1,482,028.15	$3,011,245.26	$2,003,650.06	
	O&M	$259,520.24	$0.00	$237,686.00	$0.00	
	30 Day Pmt	$958,905.10	$937,749.66	$0.00	$0.00	
Additional Parcels	Assessments	Delq Principal	Delq Interest	Delq Penalty	Balance To Decelerate	
	1999C	$451,843.35	$987,963.31	$1,616,201.70	$1,899,807.49	
	2005A	$0.00	$0.00	$0.00	$0.00	
	O&M	$152,254.80	$0.00	$65,768.88	$0.00	
	Future Pmt	$604,098.16	$493,981.65	$0.00	$0.00	
Assessment Details						
Issuance	1999C					
Date of Issue	12/1/1999					
Maturity Date	5/1/2030					
Parcel Format	Tract ID	Delq Principal	Delq Interest	Delq Penalty	Balance To Decelerate	
5208‐00‐00‐0022	NW13‐15	$173,622.51	$369,404.37	$603,290.00	$735,265.02	
5220‐00‐00‐028A	NW28A	$7,010.90	$15,383.67	$25,056.64	$32,265.26	
5220‐00‐00‐028B	NW28B	$13,599.33	$30,188.81	$49,334.01	$59,318.43	
5220‐00‐00‐032A	SW32A	$5,890.57	$13,098.68	$21,415.95	$25,484.47	
5220‐00‐00‐032B	SW32B	$2,026.42	$4,574.84	$7,511.46	$8,122.31	
5221‐00‐00‐0025	NW21A‐B + NW22	$278,220.84	$618,558.94	$1,012,911.70	$1,164,542.47	
5221‐00‐00‐0100	SW28A	$12,192.85	$26,900.25	$43,949.06	$53,122.33	
5221‐00‐00‐0270	SW27	$7,655.19	$17,091.35	$27,975.58	$32,474.13	
5228‐00‐00‐0050	SW28B‐C	$20,492.65	$45,556.76	$74,599.25	$85,805.65	
5228‐00‐00‐0080	CCR 1	$25,551.54	$87,068.61	$144,831.59	$108,638.38	
5228‐00‐00‐0090	CCR 2	$28,025.38	$71,115.38	$118,079.78	$94,004.57	
5233‐00‐00‐0300	UTC 1	$23,058.36	$40,185.11	$65,942.54	$72,269.53	
5233‐00‐00‐0400	UTC 2	$25,908.00	$42,307.72	$69,391.81	$76,917.46	
	Cardinal Parcels	$171,411.19	$393,471.17	$648,087.68	$648,422.53	
	Cardinal Future	$451,843.35	$987,963.31	$1,616,201.70	$1,899,807.49	
Assessment Details						
Issuance	2005A					
Date of Issue	12/1/1999					
Maturity Date	5/1/2030					
Parcel Format	Tract ID	Delq Principal	Delq Interest	Delq Penalty	Balance To Decelerate	
5208‐00‐00‐0022	NW13‐15	$0.00	$0.00	$0.00	$0.00	
5220‐00‐00‐028A	NW28A	$18,890.17	$51,475.82	$103,472.70	$97,016.75	
5220‐00‐00‐028B	NW28B	$38,215.19	$104,792.98	$211,374.54	$179,651.24	
5220‐00‐00‐032A	SW32A	$16,653.80	$45,708.08	$92,240.73	$77,269.25	
5220‐00‐00‐032B	SW32B	$6,039.43	$16,699.23	$33,835.57	$24,897.57	
5221‐00‐00‐0025	NW21A‐B + NW22	$0.00	$0.00	$0.00	$0.00	

5221‐00‐00‐0100	SW28A	$34,453.72	$92,917.72	$187,348.78	$161,072.66	
5221‐00‐00‐0270	SW27	$21,953.06	$60,375.84	$121,976.72	$98,732.63	
5228‐00‐00‐0050	SW28B‐C	$59,604.80	$161,260.89	$325,877.49	$261,656.30	
5228‐00‐00‐0080	CCR 1	$52,776.47	$350,492.67	$718,832.78	$309,812.92	
5228‐00‐00‐0090	CCR 2	$88,352.27	$287,953.11	$589,022.68	$292,464.69	
5233‐00‐00‐0300	UTC 1	$87,933.46	$150,818.69	$304,960.90	$240,172.53	
5233‐00‐00‐0400	UTC 2	$103,101.28	$159,533.11	$322,302.38	$260,903.51	
	Cardinal Parcels	$527,973.68	$1,482,028.15	$3,011,245.26	$2,003,650.06	
	Cardinal Future	$0.00	$0.00	$0.00	$0.00	
Assessment Details						
Issuance	O&M					
Parcel Format	Tract ID	Delq Principal	Delq Interest	Delq Penalty	Balance To Decelerate	
5208‐00‐00‐0022	NW13‐15	$75,575.00	$0.00	$65,768.88	$0.00	
5220‐00‐00‐028A	NW28A	$7,017.02	$0.00	$6,106.54	$0.00	
5220‐00‐00‐028B	NW28B	$15,559.49	$0.00	$13,540.59	$0.00	
5220‐00‐00‐032A	SW32A	$6,864.48	$0.00	$5,973.79	$0.00	
5220‐00‐00‐032B	SW32B	$2,745.79	$0.00	$2,389.51	$0.00	
5221‐00‐00‐0025	NW21A‐B + NW22	$76,679.80	$0.00	$0.00	$0.00	
5221‐00‐00‐0100	SW28A	$16,589.68	$0.00	$15,619.71	$0.00	
5221‐00‐00‐0270	SW27	$9,305.19	$0.00	$8,097.81	$0.00	
5228‐00‐00‐0050	SW28B‐C	$30,341.65	$0.00	$28,567.62	$0.00	
5228‐00‐00‐0080	CCR 1	$69,904.95	$0.00	$64,304.89	$0.00	
5228‐00‐00‐0090	CCR 2	$54,832.03	$0.00	$50,439.46	$0.00	
5233‐00‐00‐0300	UTC 1	$22,757.35	$0.00	$20,934.27	$0.00	
5233‐00‐00‐0400	UTC 2	$23,602.60	$0.00	$21,711.81	$0.00	
	Cardinal Parcels	$259,520.24	$0.00	$237,686.00	$0.00	
	Cardinal Future	$152,254.80	$0.00	$65,768.88	$0.00	

SEVENTH ORDER OF BUSINESS

5/18/18

ICDD
Attn: Board of Supervisors
Re; Proposed Landscape Upgrades Dear Board,
As we have discussed in the past meeting, much of the plant material in the district is reaching its viable life span. Below is the proposed cost to upgrade the medians and entrances throughout the district.
The original Landscape Plan was mostly “Evergreen” type plant material. As the community has grown, the call for more “Colorful” landscaping has increased significantly from the homeowners. Many of the plants below have both characteristics. We have also made a concerted effort to utilize plant materials that bloom at different times of the year, thus increasing more consistent color throughout the year. Some examples of that are:

Azaleas- Bloom in early spring Camellias- bloom fall and winter
Knockout roses- bloom year-round but mostly in the spring, summer and fall Lorapetalum- Blooms most in summer
Crepe Myrtles- Bloom 8-9 months out of the year

We are planning on continuing to stay away from plants that susceptible to frost damage as much as possible, but if utilized it will be in very small amounts in protected areas. There are twenty-six center medians and four major entrances within the district, as well as two round abouts in Grand Champion. The Grand Champion entrance was already recently re-landscaped when the drainage work was done earlier this year and is not included in this proposal.

Please see the attached plant counts and proposed cost below for your approval.

Authorizing Agent_______________________________________________Date______________________

Plant Name	Plant Count	Cost	
Burford Holly 3g	948	$ 8,532.00	
Schefflera 3g	646	$ 5,814.00	
Society Garlic 1g	2,052	$ 9,747.00	
Azaleas 3g	1,040	$ 9,360.00	
Camellias 7g	320	$10,880.00	
Minima Jasmine 1g	1,664	$ 7,904.00	
Lorapetalum 3g	624	$ 5,616.00	
Knockout Roses 3g	610	$ 9,150.00	
Crepe Myrtles 30g	78	$14,430.00	
Sod Floratam 400sqft	26	$ 6,500.00	
Irrigation Adjustments
*Estimated amount	26	$ 9,500.00	
Total proposed cost		$97,433.00	

EIGHTH ORDER OF BUSINESS

RESOLUTION 2018-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2018/2019 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Indigo Community Development District (“District”) prior to June 15, 2018, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2018/2019 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	 	, 2018

HOUR:	 	

LOCATION:	 	

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of  the Proposed Budget to the City of Daytona Beach and Volusia County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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.

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

PASSED AND ADOPTED THIS 23rd DAY OF MAY, 2018.

ATTEST:	INDIGO COMMUNITY
DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Indigo
Community Development District

Proposed Budget
FY 2019

INDIGO
Community Development District FY2019 Proposed Budget

TABLE OF CONTENTS

GENERAL FUND BUDGET
** Summary Revenues and Expenditures	Page 1-3
** Narrative – Administrative and Maintenance	Page 4-10

DEBT SERVICE FUND BUDGET
** Series 1999A	Page 11-12
** Series 1999C	Page 13
** Series 2005	Page 14

ADDITIONAL SCHEDULE
**Comparison of Assessments	Page 15 Proposed for FY2019

	Adopted
Budget	Actual
Thru		Projected
Next	Total
as of	Proposed
Budget	
Description	FY2018	4/30/18		5 Months	9/30/18	FY2019	

Revenues							
Maintenance Assessments	$989,768		$729,181	$260,587	$989,768	$989,768	
Interest Income	$1,000		$2,896	$0	$2,896	$1,000	
I-95 City of Daytona Funding	$8,100		$2,025	$6,075	$8,100	$8,100	
Carry Forward Surplus	$103,061		$0	$0	$0	$102,811	
Total Revenues	$1,101,929		$734,102	$266,662	$1,000,764	$1,101,679	

Expenditures							
Administrative							
Supervisor Fees	$12,000		$4,400	$5,000	$9,400	$12,000	
FICA Expense	$918		$337	$383	$719	$918	
Engineering	$5,000		$0	$2,000	$2,000	$5,000	
Attorney	$32,000		$10,745	$10,255	$21,000	$32,000	
Annual Audit	$4,900		$4,900	$0	$4,900	$5,000	
Arbitrage	$1,800		$1,350	$0	$1,350	$1,350	
Trustee Fees	$3,800		$3,717	$0	$3,717	$3,800	
Dissemination Agent	$3,000		$1,750	$1,250	$3,000	$3,100	
Special Assessment Roll Services	$20,000		$20,000	$0	$20,000	$20,000	
Management Fees	$56,500		$32,958	$23,542	$56,500	$56,500	
Information Technology	$2,800		$1,633	$1,167	$2,800	$2,800	
Telephone	$300		$91	$109	$200	$300	
Postage	$1,500		$332	$318	$650	$1,500	
Insurance	$20,300		$18,387	$0	$18,387	$20,300	
Printing & Binding	$1,500		$356	$394	$750	$1,500	
Legal Advertising	$2,500		$1,320	$1,180	$2,500	$2,500	
Other Current Charges	$1,000		$551	$449	$1,000	$1,000	
Office Supplies	$350		$114	$106	$220	$350	
Annual District Filing Fee	$175		$175	$0	$175	$175	
Office Expense	$6,000		$3,500	$2,500	$6,000	$6,000	
Administrative Expenses	$176,343		$106,617	$48,652	$155,269	$176,093	

Maintenance Expenses I-95							
Landscape Maintenance	$50,400		$29,400	$21,000	$50,400	$50,400	
Irrigation Repairs & Maintenance	$10,000		$7,492	$2,508	$10,000	$10,000	
Mowing	$8,100		$0	$8,100	$8,100	$8,100	
Lakes	$5,156		$2,948	$2,208	$5,156	$5,156	
Plant Replacement & Annuals	$8,000		$100	$3,900	$4,000	$8,000	
Utilities	$20,000		$4,151	$3,849	$8,000	$20,000	
Repairs	$5,000		$8,761	$1,239	$10,000	$5,000	
Miscellaneous	$2,000		$625	$625	$1,250	$2,000	
Total I-95 Maintenance Expenses	$108,656		$53,477	$43,429	$96,906	$108,656	

	Adopted
Budget	Actual
Thru		Projected
Next	Total
as of		Proposed
Budget	
Description	FY2018	4/30/18		5 Months	9/30/18		FY2019	

Maintenance Expenses - Community Wide								
On-Site Manager	$31,800		$18,550	$13,250		$31,800	$31,800	
Landscape Maintenance	$462,084		$244,349	$174,535		$418,884	$462,084	
Landscape Contingency	$26,912		$4,966	$8,490		$13,456	$26,912	
Irrigation Repairs & Maintenance	$30,000		$24,118	$10,882		$35,000	$30,000	
Lakes	$37,212		$21,707	$15,505		$37,212	$37,212	
Plant Replacement & Annuals	$35,000		$19,947	$0		$19,947	$35,000	
Utilities	$45,000		$20,122	$14,628		$34,750	$45,000	
Repairs	$40,000		$33,914	$6,086		$40,000	$40,000	
Stormwater System	$3,750		$0	$1,875		$1,875	$3,750	
Sidewalks	$3,000		$0	$1,500		$1,500	$3,000	
Street Lighting	$15,972		$0	$0		$0	$15,972	
Miscellaneous	$15,000		$6,050	$3,950		$10,000	$15,000	
Conservation Easement Maintenance	$28,000		$18,800	$9,200		$28,000	$28,000	
Tree Trimming	$43,200		$25,200	$18,000		$43,200	$43,200	
Total Maintenance Expenses -
Community Wide	
$816,930		
$437,722	
$277,901		
$715,623	
$816,930	
								
Total Maintenance Expenses	$925,586		$491,199	$321,330		$812,529	$925,586	
								
TOTAL EXPENDITURES	$1,101,929		$597,816	$369,982		$967,797	$1,101,679	
								
EXCESS REVENUES/(EXPENDITURES)	$0		$136,286	($103,319)		$32,967	$0	
	
FY2018	
FY2019	
Net Assessment	$989,768	$989,768	
Add: Discount & Collections 6%	$63,177	$63,177	
Gross Assessments	$1,052,945	$1,052,945	

Indigo
Community Development District

Exhibit "A"
Allocation of Operating Reserves
Estimated Funds Available

(1)	Beginning Fund Balance - Fiscal Year 2018	$2,693,834	
(2)	Estimated Excess/(Deficit) - Fiscal Year 2018	$32,967	

Total Estimated Funds Available - 9/30/2018	 	$2,726,801 

Allocation of Funds Available

(3)	Operating Reserve - First Quarter Operating Capital	$275,420	
	Unassigned Fund Balance	$2,451,381	
	Total Allocation of Funds	 	$2,726,801 	
	Total Undesignated Cash	 	$0 	

(1) Represents carry forward balance per audited financial report (2) Assumes no further assessments will be collected
(3) Represents initial operating expenditures

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem Assessment on all taxable property within the Indigo Community Development District in order to pay for operating & maintenance expenditures for the Fiscal Year.

Interest Income

The District will have operating funds invested with the US Bank throughout the fiscal year.

City of Daytona Funding

Represents mowing cost reimbursement from the City of Daytona for 27 cuts at the I-95 interchange per interlocal agreement.

EXPENDITURES:

Administrative:

Supervisors Fees

The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting. The amount is based on payment to 5 Supervisors for attending 12 Board meetings during the fiscal year.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer will be providing general engineering services to the District, i.e., attendance and preparation for monthly meetings, reviewing invoices, annual engineer’s report and various projects assigned as directed by the Board of Supervisors.

Attorney

The District's attorney will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, reviewing contracts, agreements, resolutions, etc. Included as  a separate line item is the estimated portion of foreclosure costs related primarily to non-payment of assessments on undeveloped lands in the “South” area of the District. Approximately 75% of the costs will be funded by bond funds.

Annual Audit

The District is required to annually have its financial records audited by an independent Certified Public Accounting Firm.

Arbitrage

The District has a contract to annually calculate the District’s Arbitrage Rebate Liability on the Series 1999A, 1999 C and 2005 Capital Improvement Revenue Bonds. The amount is based on the current contract with AMTEC.

Trustee Fees

The District's Series 1999A, 1999C and 2005 Capital Improvement Revenue Bonds are held with a Trustee at US Bank.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5), which relates to additional reporting requirements for unrelated bond issues. The District has contracted with Governmental Management Services, LLC to provide this service and the amount is based on the contracted amount.

Special Assessment Roll Services

The District has contracted with Governmental Management Services, LLC for administration and certification of its annual assessment roll.

Management Fees

The District has contracted with Governmental Management Services, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non- payment of assessments on undeveloped lands.

Information Technology

Represents cost related to District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

Mailing of Board meeting agendas, checks for vendors, and any other required correspondence.

Insurance

The District currently has a General Liability/Errors & Omissions and Property Insurance Policy with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for Governmental Agencies.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.

Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges

Bank charges and any other miscellaneous charges that the District may incur.

Office Supplies

Any supplies that may need to be purchased during the Fiscal Year, i.e., paper, minute books, file folders, labels, paper clips, etc.

Annual District Filing Fee

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only anticipated expenditure for this category.

Office Expense

The District has leased space from the C.L.O. Management LLC for housing of the District maps and records along with space for field operations management. This lease is on an annual basis.

Description	Monthly	Annually	
1617 Ridgewood Avenue, Suite D	$500
TOTAL	$6,000	
	$6,000	

Maintenance:

Operating Expense I-95 Landscape Maintenance
The District has contracted with Rountree Turf & Ornamental Management, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - I-95	$4,200
TOTAL	$50,400	
	$50,400	

Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Lakes

The District has contracted with Aquatic Systems, Inc. to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - I-95	$370
Semi-Annual Fountain/Aeration Maintenance
TOTAL	$4,440
$716	
	$5,156	

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in  place. The District also has a contract to install a specific number of annuals plus any contingencies.

Utilities

The District currently has electric accounts with Florida Power & Light. Based on prior years-average monthly electric bills.

Description	Monthly	Annually	
LPGA Blvd # NEC I-95 # Pump	$1,000	$12,000	
LPGA Blvd # NEC I-95 # Fountain	$500	$6,000	
Contingency		$2,000	
TOTAL		$20,000	

Repairs

Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.

Miscellaneous

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.

Operating Expense Community Wide On-Site Manager
The District has contracted with VDO Incorporated for field management services.

Description	Monthly	Annually	
Field Management Services	$2,650
TOTAL	$31,800	
	$31,800	

Landscape Maintenance

The District has contracted with Rountree Turf & Ornamental Management, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - Community Wide	$38,507
TOTAL	$462,084	
	$462,084	

Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Lakes

The District has contracted with Aquatic Systems, Inc. to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - North & South	$3,101
TOTAL	$37,212	
	$37,212	

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in  place. The District also has a contract to install a specific number of annuals plus any contingencies.

Utilities

The District currently has electric accounts with Florida Power & Light. Based on prior years-average monthly electric bills.

Description	Monthly	Annually	
Decorative Lighting # Grand Champion	$700	$8,400	
1 Champions Dr # Entrance	$500	$6,000	
230 Champions Dr	$100	$1,200	
579 Champions Dr # Site Lights	$100	$1,200	
654 Champions Dr # Site Lights	$50	$600	
795 Champions Dr # Site Lights	$60	$720	
937 Champions Dr # Site Lights	$55	$660	
977 Champions Dr # Site Lights	$60	$720	
10 Champion Ridge Dr # Fountain	$600	$7,200	
105 Grand Champion Blvd # Sign	$365	$4,380	
106 Glen Eagle Grand Dr # Irrigation	$15	$180	
100 International Golf Dr # Lights	$300	$3,600	
399 International Golf Dr # Site Lights	$85	$1,020	
248 Tournament Dr # Site Lights	$85	$1,020	
360 Tournament Dr # Irrigation Pump	$175	$2,100	
499 Tournament Dr # Entrance	$190	$2,280	
Contingency		$3,720	
TOTAL		$45,000	

Repairs

Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.

Stormwater System

Any stormwater maintenance expenditures that the District may incur during the fiscal year.

Sidewalks

Any sidewalk maintenance expenditures that the District may incur during the fiscal year.

Street Lighting

Reflects a premium street lighting contract account the District has with Florida Power & Light.

Description	Monthly	Annually	
Premium Lighting - 10 Year Contract	$1,331
TOTAL	$15,972	
	$15,972	

Miscellaneous

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.

Conservation Easement Maintenance

The District is obligated to maintain approximately 137 acres as a Gopher Tortoise Habitat Area in accordance with the Habitat Management Plan prescribed by the Florida Game and Freshwater Fish Commission.

Tree Trimming

Contract for trimming of District “Street Trees” abutting roadways.

Reserves

General reserves for ongoing operations.

Indigo	Debt Service Fund
Community Development District	Series 1999A

	Adopted
Budget	Proposed
Budget	
Description	FY2018	FY2019	

Revenues			
Carry Forward Surplus	$41,464	$43,489	
Assessments - On Roll	$80,675	$80,675	
TOTAL REVENUES	$122,139	$124,164	

Expenditures			
Series 1999A Interest - 11/1	
$24,325	
$23,275	
Interest - 5/1	$24,325	$35,000	
Principal - 5/1	$30,000	$23,275	
TOTAL EXPENDITURES	$78,650	$81,550	
			
EXCESS REVENUES/(EXPENDITURES)	$43,489	$42,614	

Nov. 1, 2019	
$22,050	
	Net Assessments	$80,675	
Add: Discount & Collections 6% 		$5,149 Gross Assessments 	$85,824 

Indigo	Amortization  Schedule
Community Development District	Series  1999A,   Capital  Improvement  Bonds

 	DATE			 	BALANCE			 	RATE			 	PRINCIPAL			 	INTEREST			 	TOTAL		
11/1/18	$	665,000.00	7.00%	$	-	$	23,275.00		
5/1/19	$	665,000.00	7.00%	$	35,000	$	23,275.00	$	81,550.00	
11/1/19	$	630,000.00	7.00%	$	-	$	22,050.00		
5/1/20	$	630,000.00	7.00%	$	35,000	$	22,050.00	$	79,100.00	
11/1/20	$	595,000.00	7.00%	$	-	$	20,825.00		
5/1/21	$	595,000.00	7.00%	$	35,000	$	20,825.00	$	76,650.00	
11/1/21	$	560,000.00	7.00%	$	-	$	19,600.00		
5/1/22	$	560,000.00	7.00%	$	40,000	$	19,600.00	$	79,200.00	
11/1/22	$	520,000.00	7.00%	$	-	$	18,200.00		
5/1/23	$	520,000.00	7.00%	$	45,000	$	18,200.00	$	81,400.00	
11/1/23	$	475,000.00	7.00%	$	-	$	16,625.00		
5/1/24	$	475,000.00	7.00%	$	45,000	$	16,625.00	$	78,250.00	
11/1/24	$	430,000.00	7.00%	$	-	$	15,050.00		
5/1/25	$	430,000.00	7.00%	$	50,000	$	15,050.00	$	80,100.00	
11/1/25	$	380,000.00	7.00%	$	-	$	13,300.00		
5/1/26	$	380,000.00	7.00%	$	55,000	$	13,300.00	$	81,600.00	
11/1/26	$	325,000.00	7.00%	$	-	$	11,375.00		
5/1/27	$	325,000.00	7.00%	$	55,000	$	11,375.00	$	77,750.00	
11/1/27	$	270,000.00	7.00%	$	-	$	9,450.00		
5/1/28	$	270,000.00	7.00%	$	60,000	$	9,450.00	$	78,900.00	
11/1/28	$	210,000.00	7.00%	$	-	$	7,350.00		
5/1/29	$	210,000.00	7.00%	$	65,000	$	7,350.00	$	79,700.00	
11/1/29	$	145,000.00	7.00%	$	-	$	5,075.00		
5/1/30	$	145,000.00	7.00%	$	70,000	$	5,075.00	$	80,150.00	
11/1/30	$	75,000.00	7.00%	$	-	$	2,625.00		
5/1/31	$	75,000.00	7.00%	$	75,000	$	2,625.00	$	80,250.00	
 	Total			  $	665,000 		  $	369,600 		  $	1,034,600 	

Adopted	Proposed
Budget	Budget
Description	FY2018	FY2019

Revenues

Assessments (1)	$301,980	$301,980	
Other Revenue Source	$0	$0
.	
TOTAL REVENUES	$301,980	$301,980	

Expenditures		
Series 1999C		
Debt Service Obligation	$301,980	$301,980	
TOTAL EXPENDITURES	$301,980	$301,980	
			
EXCESS REVENUES/(EXPENDITURES)	$0	$0	

Net Assessments	

$301,980	
Add: Discount & Collections 6% 		$19,275 Gross Assessments 	$321,255 

All delinquent assessments on the 1999C assessment area have been accelerated and are due in full plus interest and penalties.

	Adopted
Budget	Proposed
Budget	
Description	FY2018	FY2019	

Revenues			
Assessments (1)	$87,804	$87,804	
Other Revenue Source	$0	$0	
TOTAL REVENUES	$87,804	$87,804	

Expenditures			
Series 2005
Debt Service Obligation	
$87,804	
$87,804	
TOTAL EXPENDITURES	$87,804	$87,804	
			
EXCESS REVENUES/(EXPENDITURES)	$0	$0	

Net Assessments	

$87,804	
Add: Discount & Collections 6% 		$5,605 Gross Assessments 	$93,409 

(1) All delinquent assessments on the 2005 assessment area have been accelerated and are due in full plus interest and penalties.

Indigo CDD

Assessments Allocation FY 2018

FY19 Allocation to all platted units equally and unplatted units in the "North" South undeveloped lands allocated on an acreage basis

Budget Rev/Cost Description	
Total	
North		
South-Platted	
South-Raw	
Interest Income	$0		$0	$0	$0	
Transfer In	$0		$0	$0	$0	
Admin Exp	$176,343		$51,888	$16,729	$107,726	
Net Operating Exp I-95 net of city funding	$100,556		$59,312	$19,122	$22,122	
North O&M exp	$0		$0	$0	$0	
South O&M exp	$0		$0	$0	$0	
Main Reserves	$0		$0	$0	$0	
Maint Expenses Community Wide	$816,930		$481,854	$155,351	$179,725	
Sub Total	$1,093,829		$593,054	$191,202	$309,573	
Allocation of carryforward fund balance	-$103,061		-$65,656	-$21,168	-$16,237	
Interest earnings	-$1,000		-$540	-$170	-$290	
Reserves - Administrative	$0		$0	$0	$0	
Reserves - Field Community Wide	$0		$0	$0	$0	

Total Assessments	 	$989,768	$526,858	$169,864	$293,046 	
Units	1,911.40	1,445.40	466.00	3,000.80	
Assessment per unit (South undev per unit) F		$364.51	$364.51	$97.66	
Assessment per unit (South undev per unit) FY 2018		$383.21	$383.21	$103.13	

Total units

4,912.20

Platted Units	855.00	466.00		
LPGA	17.85			
Unplatted	572.55		3,000.80	

 	1,445.40	466.00	3,000.80 

Maintenance Expenses Community Wide allocated 22% against all units that are undeveloped remaining to be platted. Starting in 2010 it was 25% but an additional 115 platted lots were on the roll for FY 2011.

Administrative expenses allocated against all units to be developed.

All North units are treated equally regardless if they have been platted or site planned.
Substantially all District infrastructure is in place for the North units other than some neighborhood improvements.

Reserves administrative allocated against all units equally, field allocated based on subtotal of expenses as a % for each category.

FY19 reduction of 45 units in North with land sold to city of Daytona Beach.

NINTH ORDER OF BUSINESS

C.

Lisa Lewis
Supervisor of Elections County of Volusia

April 16, 2018

Ms. Courtney Hogge, Secretary
Indigo Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092

Dear Ms. Hogge:

Please accept this letter regarding the number of registered voters within the boundaries of Indigo Community Development District. There are 1,719 registered voters in this district as of April 16, 2018.

Please feel free to contact me if you have any questions or additional information is needed.

Regards,
{, cliu'"'
Lisa Lewis
Supervisor of Elections

Historic Courthouse
125 West New York Avenue, DeLand, FL 32720-5415
(386) 736-5930 • (386) 254-4690 • (386) 423-3311 • FAX (386) 822-5715
www,volusiaelections.org

If your signoture has changed, please update your signature by completing a new Florida voter registration application.
It is important to keep your signature updated, so that ballots and/or petition signatures can be counted.

ELEVENTH ORDER OF BUSINESS

Indigo
Community Development District
Summary of Invoices

March 21, 2018 to  May 17, 2018

Fund	Date	Check No.'s	Amount		
General Fund	3/22/18	4232-4237	$	59,629.03	
3/30/18	4238-4239	$	1,610.78	
4/6/18	4240-4241	$	2,326.99	
4/9/18	4242	$	5,327.46	
4/13/18	4243-4244	$	1,538.42	
4/20/18	4245-4246	$	43,732.00	
4/27/18	4247-4248	$	213.67	
5/4/18	4249-4253	$	32,919.38	

$	147,297.73

Payroll	March 2018
John McCarthy	50460	$
Mark McCommon	50461	$
Robert Welsh	50462	$
Thomas Leek	50463	$

184.70
159.70
164.70
184.70

$	693.80

$	147,991.53

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/17/18	PAGE	1
*** CHECK DATES 03/21/2018 - 05/17/2018 ***	INDIGO CDD - GENERAL FUND
BANK A INDIGO - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
3/22/18 00034	3/14/18 1827448	201803 330-53800-46000	*	3,365.00
RMV/RELOCAT LGHT POLE ENT
COURTEAUX ELECTRIC, INC.	3,365.00 004232
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/22/18 00165	3/01/18 910	201803 300-15500-10000	*	500.00
OFFICE LEASE APR18
C.L.O. MANAGEMENT LLC	500.00 004233
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/22/18 00151	3/21/18 03212018 201803 330-53800-46000	*	2,000.00
FINAL PMT-LPGA ENTR PAINT
PERFECTION PAINTING	2,000.00 004234
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/22/18 00159	3/21/18 33118	201803 330-53800-12000	*	2,650.00
SITE MGMT SERVICES-MAR18
3/21/18 33118	201803 330-53800-49000	*	242.75
REIMBURSE-REFLECT.CTR MED
SOLARIS MANAGEMENT INC.	2,892.75 004235

3/22/18 00160	3/01/18	
	3/01/18	
	3/01/18	
	3/01/18	
	3/07/18	
	3/15/18	
	3/15/18	
	3/19/18	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 22609	201803 330-53800-46200	*	34,907.00
MTHLY GROUND MNT COMM.
22609	201803 330-53800-49000	*	525.00
PRESS WASH MONUMENT-MAR18
22609	201803 330-53800-47000	*	3,600.00
MTHLY OAK TRIMMING-MAR18
22609	201803 320-53800-46200	*	4,200.00
MTHLY GROUND MNT I-95
22653	201803 330-53800-63100	*	250.00
INST.21 VIBERNUM ODOR.3G
22645	201803 330-53800-46100	*	2,389.50
ROTOR/POPUP/FITTING/NOZZ
22647	201803 320-53800-46100	*	730.00
SCRBR VALVE/SLIPFIX/CNCTR
22656	201803 330-53800-63100	*	4,087.50
CAMELLIAS/SOD/STROMANTHE
TEAM ROUNTREE, INC.	50,689.00 004236
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/22/18 00130	3/17/18 5620605	201803 320-53800-49000	*	91.14
RENT STORAGE 03/17-04/16
3/17/18 5620605	201803 330-53800-49000	*	91.14
RENT STORAGE 03/17-04/16
WILLIAMS SCOTSMAN, INC.	182.28 004237
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/30/18 00146	3/01/18 16408	201802 310-51300-32200	*	1,400.00
FY17 AUDIT FEE-FINAL PMT
GRAU AND ASSOCIATES	1,400.00 004238
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
INDI INDIGO	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/17/18	PAGE	2
*** CHECK DATES 03/21/2018 - 05/17/2018 ***	INDIGO CDD - GENERAL FUND
BANK A INDIGO - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
3/30/18 00017	3/20/18 I0228272 201803 310-51300-48000	*	210.78
NOT.OF MEETING 03/28/18
NEWS-JOURNAL CORPORATION	210.78 004239
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/06/18 00015	4/01/18 406099	201804 320-53800-46800	*	370.00
LAKE/WETLAND SERVICES APR
AQUATIC SYSTEMS, INC.	370.00 004240
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/06/18 00031	3/31/18 5251	201803 330-53800-46000	*	1,833.93
FNTN/LIGHT MAINT/REPAIRS
3/31/18 5251	201803 320-53800-46000	*	123.06
REPLACE BULBS/RESET TIMER
SKY'S THE LIMIT HANDYMAN SVCS, INC.	1,956.99 004241
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/09/18 00093	4/02/18 181	201804 310-51300-34000	*	4,708.33
MANAGEMENT FEES APR18
4/02/18 181	201804 310-51300-35100	*	233.33
INFO TECHNOLOGY APR18
4/02/18 181	201804 310-51300-31300	*	250.00
DISSEMINATION FEE APR18
4/02/18 181	201804 310-51300-51000	*	22.65
OFFICE SUPPLIES
4/02/18 181	201804 310-51300-42000	*	7.25
POSTAGE
4/02/18 181	201804 310-51300-42500	*	105.90
COPIES
GOVERNMENTAL MANAGEMENT SERVICES	5,327.46 004242
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/13/18 00005	4/03/18 6-139-07 201803 310-51300-42000	*	81.42
DELIVERY 03/27/18
FEDEX	81.42 004243
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/13/18 00010	3/31/18 99535	201802 310-51300-31500	*	1,457.00
QUIET TITLE/PARCEL/ASMT
HOPPING GREEN & SAMS	1,457.00 004244
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/20/18 00165	4/10/18 916	201804 300-15500-10000	*	500.00
OFFICE LEASE MAY18
C.L.O. MANAGEMENT LLC	500.00 004245
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/20/18 00160	4/01/18 22696	201804 330-53800-46200	*	34,907.00
MTHLY GROUND MNT COMM.
4/01/18 22696	201804 330-53800-49000	*	525.00
PRESS WASH MONUMENT-APR18
4/01/18 22696	201804 330-53800-47000	*	3,600.00
MTHLY OAK TRIMMING-APR18
INDI INDIGO	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/17/18	PAGE	3
*** CHECK DATES 03/21/2018 - 05/17/2018 ***	INDIGO CDD - GENERAL FUND
BANK A INDIGO - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
4/01/18 22696	201804 320-53800-46200	*	4,200.00
MTHLY GROUND MNT I-95
TEAM ROUNTREE, INC.	43,232.00 004246
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/27/18 00005	4/17/18 6-153-83 201804 310-51300-42000	*	31.39
DELIVERY 04/09/18
FEDEX	31.39 004247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/27/18 00130	4/17/18 5680272	201804 320-53800-49000	*	91.14
RENT STORAGE 04/17-05/16
4/17/18 5680272	201804 330-53800-49000	*	91.14
RENT STORAGE 04/17-05/16
WILLIAMS SCOTSMAN, INC.	182.28 004248
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/18 00015	4/01/18 406227	201804 330-53800-46800	*	3,101.00
LAKE/WETLAND SERVICES APR
5/01/18 409137	201805 320-53800-46800	*	370.00
LAKE/WETLAND SERVICES MAY
AQUATIC SYSTEMS, INC.	3,471.00 004249
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/18 00093	5/01/18 182	201805 310-51300-34000	*	4,708.33
MANAGEMENT FEES MAY18
5/01/18 182	201805 310-51300-35100	*	233.33
INFORMATION TECH MAY18
5/01/18 182	201805 310-51300-31300	*	250.00
DISSEMINATION FEE MAY18
5/01/18 182	201805 310-51300-41000	*	26.11
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	5,217.77 004250
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/04/18 00159	4/30/18 43018	201804 330-53800-12000	*	2,650.00
SITE MGMT SERVICES-APR18
SOLARIS MANAGEMENT INC.	2,650.00 004251

5/04/18 00160	3/31/18	
	4/02/18	
	4/16/18	
	4/16/18	
	4/16/18	
	4/19/18	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 22665	201803 330-53800-46100	*	6,971.00
VALVE/LATCH/FITTING/TIMER
22723	201804 330-53800-46900	*	7,348.00
CONSRV.EASE.MAINT UDRBRSH
22739	201804 330-53800-46100	*	1,804.25
DECODER/ROTOR/POPUP/NOZZ
22756	201804 320-53800-46100	*	285.00
ROTOR/SLIP FIX/FITTING
22760	201804 330-53800-46600	*	500.00
REMOVE 2 PALMS
22771	201804 330-53800-46600	*	325.00
REMOVE STUMPS & BRUSHES
INDI INDIGO	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/17/18	PAGE	4
*** CHECK DATES 03/21/2018 - 05/17/2018 ***	INDIGO CDD - GENERAL FUND
BANK A INDIGO - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
4/20/18 22779	201804 330-53800-46600	*	85.00
STRAIGHTEN FALLEN TREE
TEAM ROUNTREE, INC.	17,318.25 004252
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/11/18 00010	4/30/18 100083	201803 310-51300-31500	*	2,906.00
TAX DEED SALE/QUIET TITLE
4/30/18 100084	201803 310-51300-31500	*	1,356.36
PREP/ATTEND BOARD MTG
HOPPING GREEN & SAMS	4,262.36 004253
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TOTAL	FOR	BANK A	147,297.73	
TOTAL	FOR	REGISTER	147,297.73	

INDI INDIGO	TVISCARRA

TWELFTH ORDER OF BUSINESS

Indigo
Community Development District

Unaudited Financial Reporting April 30, 2018

Indigo
Community Development District

Assets	

General 	Governmental Funds

Debt Service	

Capital Projects	Account Groups General
Fixed Assets	
General Long- Term Debt	Totals  (memorandum only) 2018	
Cash	$56,389	----	----	----	----	$56,389	
Assessment Receivable	$11,805	----	----	----	----	$11,805	
Prepaid Expenses	$500	----	----	----	----	$500	
Investments
Operating Account	
$2,679,223	
----	
----	
----	
----	
$2,679,223	
Reserve Account	$109,535	----	----	----	----	$109,535	
Series 1999A							
Reserve Account	----	$80,675	----	----	----	$80,675	
Revenue Account	----	$91,674	----	----	----	$91,674	
Construction	----	----	$147,510	----	----	$147,510	
Reserve Account	----	$59,586	----	----	----	$59,586	
Revenue Account	----	$66,343	----	----	----	$66,343	
Redemption Account	----	$339	----	----	----	$339	
Remedial Expenditure	----	$0	----	----	----	$0	
Reserve Account	----	$58,153	----	----	----	$58,153	
Escrow Deposit Fund	----	$9,512	----	----	----	$9,512	
Prepayment Account	----	$876,978	----	----	----	$876,978	
Revenue Account	----	$696,913	----	----	----	$696,913	
Remedial Expenditure	----	$0	----	----	----	$0	
Fixed Assets	----	----	----	$8,305,270	----	$8,305,270	
Amount Available/Long-Term Debt	----	----	----	----	$1,940,173	$1,940,173	
Amount to be Provided/Long Term Debt 1999A	----	----	----	----	$547,651	$547,651	
Amount to be Provided/Long Term Debt 1999C	----	----	----	----	$6,533,732	$6,533,732	
Amount to be Provided/Long Term Debt 2005	----	----	----	----	$5,203,444	$5,203,444	
Total Assets	$2,857,452	$1,940,173	$147,510	$8,305,270	$14,225,000	$27,475,405	

Liabilities							
Accounts Payable	$27,332	----	----	----	----	$27,332	
Accrued Principal Payment 1999C	----	$400,000	----	----	----	$400,000	
Accrued Interest Payment 1999C	----	$750,785	----	----	----	$750,785	
Accrued Principal Payment 2005	----	$280,000	----	----	----	$280,000	
Accrued Interest Payment 2005	----	$2,749,938	----	----	----	$2,749,938	
Bonds Payable 1999A	----	----	----	----	$720,000	$720,000	
Bonds Payable 1999C	----	----	----	----	$6,660,000	$6,660,000	
Bonds Payable 2005	----	----	----	----	$6,845,000	$6,845,000	
Fund Equity, Other Credits							
Investments in General Fixed Assets	----	----	----	$8,305,270	----	$8,305,270	
Fund Balances
Restricted for Debt Service 1999A/B	
----	
$172,349	
----	
----	
----	
$172,349	
Restricted for Debt Service 1999C	----	($1,024,517)	----	----	----	($1,024,517)	
Restricted for Debt Service 2005	----	($1,388,382)	----	----	----	($1,388,382)	
Restricted for Capital Projects 1999A/B	----	----	$147,510	----	----	$147,510	
Assigned for General Fund	$109,535					$109,535	
Unassigned General Fund	$2,720,585	----	----	----	----	$2,720,585	
Total Liabilities, Fund Equity	$2,857,452	$1,940,173	$147,510	$8,305,270	$14,225,000	$27,475,405	

Combined Balance Sheet As of April 30, 2018

Series 1999C

Series 2005

As of April 30, 2018

	General Fund
Budget	Prorated Budget
4/30/18	Actual
4/30/18	
Variance	
REVENUES:					
Maintenance Assessments	$989,768	$729,181	$729,181	$0	
GC Land LLC Settlement Agreement	$0	$0	$0	$0	
City of Daytona Funding	$8,100	$2,025	$2,025	$0	
Interest Income	$1,000	$583	$2,896	$2,312	
TOTAL REVENUES	$998,868	$731,789	$734,102	$2,312	

EXPENDITURES:					
ADMINISTRATIVE:					
Supervisor Fees	$12,000	$7,000	$4,400	$2,600	
FICA Expense	$918	$536	$337	$199	
Engineering	$5,000	$2,917	$0	$2,917	
Attorney	$32,000	$18,667	$10,745	$7,921	
Annual Audit	$4,900	$4,900	$4,900	$0	
Arbitrage	$1,800	$1,350	$1,350	$0	
Trustee	$3,800	$3,800	$3,717	$83	
Dissemination Agent	$3,000	$1,750	$1,750	$0	
Special Assessment Roll Preparation	$20,000	$20,000	$20,000	$0	
Management Fees	$56,500	$32,958	$32,958	$0	
Information Technology	$2,800	$1,633	$1,633	$0	
Telephone	$300	$175	$91	$84	
Postage	$1,500	$875	$332	$543	
Insurance	$20,300	$20,300	$18,387	$1,913	
Printing & Binding	$1,500	$875	$356	$519	
Legal Advertising	$2,500	$1,458	$1,320	$138	
Other Current Charges	$1,000	$583	$551	$32	
Office Supplies	$350	$204	$114	$90	
Dues, Licenses, Subscriptions	$175	$175	$175	$0	
Office Expense	$6,000	$3,500	$3,500	$0	
TOTAL ADMINISTRATIVE	$176,343	$123,656	$106,617	$17,039	

FIELD:					
Operating Expenses I-95
Landscape Maintenance	
$50,400	
$29,400	
$29,400	
($0)	
Irrigation Repairs & Maintenance	$10,000	$5,833	$7,492	($1,658)	
Mowing	$8,100	$4,725	$0	$4,725	
Lakes	$5,156	$3,008	$2,948	$60	
Plant Replacement & Annuals	$8,000	$4,667	$100	$4,567	
Utilities	$20,000	$11,667	$4,151	$7,516	
Repairs	$5,000	$2,917	$8,761	($5,844)	
Miscellaneous	$2,000	$1,167	$625	$541	
Operating Expenses I-95	$108,656	$63,383	$53,477	$9,906	

	General Fund
Budget	Prorated Budget
4/30/18	Actual
4/30/18	
Variance	

Operating Expenses Community Wide
Site Manager	

$31,800	

$18,550	

$18,550	

$0	
Landscape Maintenance	$462,084	$269,549	$244,349	$25,200	
Landscape Contingency	$26,912	$15,699	$4,966	$10,733	
Irrigation Repairs & Maintenance	$30,000	$17,500	$24,118	($6,618)	
Lakes	$37,212	$21,707	$21,707	$0	
Plant Replacement & Annuals	$35,000	$20,417	$19,947	$470	
Utilities	$45,000	$26,250	$20,122	$6,128	
Repairs	$40,000	$23,333	$33,914	($10,581)	
Stormwater System	$3,750	$2,188	$0	$2,188	
Sidewalks	$3,000	$1,750	$0	$1,750	
Street Lighting	$15,972	$9,317	$0	$9,317	
Miscellaneous	$15,000	$8,750	$6,050	$2,700	
Conservation Easement Maintenance	$28,000	$16,333	$18,800	($2,467)	
Tree Trimming	$43,200	$25,200	$25,200	$0	
Operating Expenses Community Wide	$816,930	$476,543	$437,722	$38,820	
					
TOTAL FIELD	$925,586	$539,925	$491,199	$48,726	
					
TOTAL EXPENDITURES	$1,101,929	$663,582	$597,816	$65,766	

EXCESS REVENUES/					
(EXPENDITURES) AND OTHER SOURCES	($103,061)	-----	$136,286	-----	
FUND BALANCE - BEGINNING	$103,061	-----	$2,693,834	-----	

FUND BALANCE - ENDING	
$0	
-----	
$2,830,120	
-----	

Series 1999A
Statement of Revenues & Expenditures As of April 30, 2018

	Debt Service
Budget	Prorated Budget
4/30/18	Actual
4/30/18	
Variance	
REVENUES:					
Special Assessments	$80,675	$72,896	$72,896	$0	
Interest Income	$0	$0	$161	$161	
TOTAL REVENUES	$80,675	$72,896	$73,057	$161	

EXPENDITURES:					
Interest Expense - 11/01	$24,325	$24,325	$24,325	$0	
Principal Expense - 5/01	$30,000	$0	$0	$0	
Interest Expense - 5/01	$24,325	$0	$0	$0	
TOTAL EXPENDITURES	$78,650	$24,325	$24,325	$0	

OTHER SOURCES/(USES)					
Other Debt Service Costs	$0	$0	$0	$0	
TOTAL OTHER	$0	$0	$0	$0	

EXCESS REVENUES/					
(EXPENDITURES) AND OTHER SOURCES	$2,025	-----	$48,732	-----	

FUND BALANCE - BEGINNING	
$41,464	
-----	
$123,617	
-----	

FUND BALANCE - ENDING	
$43,489	
-----	
$172,349	
-----	

Fund Balance Calculation		
Reserve Account	$80,675	
Revenue Account	 	$91,674 	
Total Series 1999A Funds Available	 	$172,349 	

Series 1999C
Statement of Revenues & Expenditures As of April 30, 2018

	Debt Service
Budget	Prorated Budget
4/30/18	Actual
4/30/18	
Variance	
REVENUES:					
Special Assessments - Tax Collector	$301,980	$280,991	$280,991	$0	
Special Assessments - Prepayments	$0	$0	$339	$339	
Interest Income	$0	$0	$1,970	$1,970	
TOTAL REVENUES	$301,980	$280,991	$283,300	$2,310	

EXPENDITURES:					
Debt Service Obligation	$301,980	$0	$0	$0	
TOTAL EXPENDITURES	$301,980	$0	$0	$0	

OTHER SOURCES/(USES)					
Other Debt Service Costs	$0	$0	($11,996)	($11,996)	
TOTAL OTHER	$0	$0	($11,996)	($11,996)	
EXCESS REVENUES					
(EXPENDITURES) AND OTHER SOURCES	$0	-----	$271,304	-----	
FUND BALANCE - BEGINNING	$0	-----	($1,295,821)	-----	

FUND BALANCE - ENDING	
$0	
-----	
($1,024,517)	
-----	

Fund Balance Calculation		
Reserve Account	$59,586	
Revenue Account	$66,343	
Redemption Account	$339	
Remedial Expenditure	$0	
Accrued Interest Payable	($750,785)	
Accrued Principal Payable	 	($400,000) 	
Total Series 1999C Funds Available	 	($1,024,517) 	

Special Assessments - Tax Collector	$87,804	$78,031	$78,031	$0	
Special Assessmetns - Prepayments	$0	$0	$2,883	$2,883	
Interest Income	$0	$0	$7,910	$7,910	
TOTAL REVENUES	$87,804	$78,031	$88,824	$10,793	

EXPENDITURES:

Debt Service Obligation	

$87,804	

$0	

$0	

$0	
TOTAL EXPENDITURES	$87,804	$0	$0	$0	

OTHER SOURCES/(USES)

Other Debt Service Costs	

$0	

$0	

($26,282)	

($26,282)	
TOTAL OTHER	$0	$0	($26,282)	($26,282)	

EXCESS REVENUES	 	
(EXPENDITURES) AND OTHER SOURCES	$0	-----	$62,542	-----

FUND BALANCE - BEGINNING	$0	-----	($1,450,924)	-----	

FUND BALANCE - ENDING	
$0	
-----	
($1,388,382)	
-----	

Fund Balance Calculation		
Reserve Account	$58,153	
Escrow Deposit Fund	$9,512	
Prepayment Account	$876,978	
Revenue Account	$696,913	
Remedial Expenditure	$0	
Accrued Interest Payable	($2,749,938)	
Accrued Principal Payable	 	($280,000) 	
Total Series 2005 Funds Available	 	($1,388,382) 	

INDIGO
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS FUND
Series 1999A
Statement of Revenues & Expenditures
As of April 30, 2018

	Capital Projects	Prorated Budget	Actual		
	Budget	4/30/18	4/30/18	Variance	
REVENUES:					
Interest Income	$0	$0	$171	$171	
TOTAL REVENUES	$0	$0	$171	$171	

EXPENDITURES:					
Capital Outlay	$0	$0	$0	$0	
TOTAL EXPENDITURES	$0	$0	$0	$0	

EXCESS REVENUES	
 					
(EXPENDITURES)	$0	$0	$171	$171	
FUND BALANCE - BEGINNING	$0	-----	$147,339	-----	

FUND BALANCE - ENDING	
$0	
-----	
$147,510	
-----	

Month to Month Income Statement FY2018

	October	November	December	January	February	March	April	May	June	July		August	September	Total	
REVENUES:															
Maintenance Assessments	$0	$5,743	$541,142	$16,347	$6,586	$138,141	$21,222	$0		$0	$0	$0	$0	$729,181	
GC Land LLC Settlement Agreement	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$0	
City of Daytona Funding	$2,025	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$2,025	
Interest Income	$331
.	$330	$371	$461	$497	$437	$468	$0		$0	$0	$0	$0	$2,896	
TOTAL REVENUES	$2,356	$6,073	$541,513	$16,809	$7,083	$138,578	$21,690	$0		$0	$0	$0	$0	$734,102	

EXPENDITURES:															
ADMINISTRATIVE:															
Supervisor Fees	$0	$1,000	$1,000	$600	$0	$800	$1,000	$0		$0	$0	$0	$0	$4,400	
FICA Expense	$0	$77	$77	$46	$0	$61	$77	$0		$0	$0	$0	$0	$337	
Engineering	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$0	
Attorney	$1,265	$1,647	$178	$1,937	$1,457	$4,262	$0	$0		$0	$0	$0	$0	$10,745	
Annual Audit	$0	$0	$0	$3,500	$1,400	$0	$0	$0		$0	$0	$0	$0	$4,900	
Arbitrage	$0	$0	$0	$0	$0	$1,350	$0	$0		$0	$0	$0	$0	$1,350	
Trustee	$0	$0	$0	$3,717	$0	$0	$0	$0		$0	$0	$0	$0	$3,717	
Dissemination Agent	$250	$250	$250	$250	$250	$250	$250	$0		$0	$0	$0	$0	$1,750	
Special Assessment Roll Preparation	$20,000	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$20,000	
Management Fees	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708	$4,708	$0		$0	$0	$0	$0	$32,958	
Information Technology	$233	$233	$233	$233	$233	$233	$233	$0		$0	$0	$0	$0	$1,633	
Telephone	$28	$9	$15	$32	$0	$6	$0	$0		$0	$0	$0	$0	$91	
Postage	$52	$88	$0	$72	$0	$81	$39	$0		$0	$0	$0	$0	$332	
Insurance	$18,387	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$18,387	
Printing & Binding	$55	$41	$48	$1	$66	$39	$106	$0		$0	$0	$0	$0	$356	
Legal Advertising	$211	$211	$0	$512	$176	$211	$0	$0		$0	$0	$0	$0	$1,320	
Other Current Charges	$67	$143	$63	$101	$63	$58	$56	$0		$0	$0	$0	$0	$551	
Office Supplies	$23	$23	$23	$0	$23	$0	$23	$0		$0	$0	$0	$0	$114	
Dues, Licenses, Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$175	
Office Expense	$500	$500	$500	$500	$500	$500	$500	$0		$0	$0	$0	$0	$3,500	
TOTAL ADMINISTRATIVE	$45,952	$8,930	$7,094	$16,212	$8,877	$12,561	$6,991	$0		$0	$0	$0	$0	$106,617	

Month to Month Income Statement FY2018

	October	November	December	January	February	March	April	May	June	July		August	September	Total	

FIELD:															
Operating Expenses I-95
Landscape Maintenance	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$4,200	
$0		
$0	
$0	
$0	
$0	
$29,400	
Irrigation Repairs & Maintenance	$1,257	$3,044	$1,208	$0	$968	$730	$285	$0		$0	$0	$0	$0	$7,492	
Mowing	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$0	
Lakes	$370	$370	$370	$728	$370	$370	$370	$0		$0	$0	$0	$0	$2,948	
Plant Replacement & Annuals	$0	$0	$0	$100	$0	$0	$0	$0		$0	$0	$0	$0	$100	
Utilities	$442	$443	$0	$2,080	$0	$697	$490	$0		$0	$0	$0	$0	$4,151	
Repairs	$156	$130	$191	$8,116	$45	$123	$0	$0		$0	$0	$0	$0	$8,761	
Miscellaneous	$77	$91	$93	$91	$91	$91	$91	$0		$0	$0	$0	$0	$625	
OPERATING EXPENSES I-95	$6,502	$8,278	$6,061	$15,315	$5,674	$6,211	$5,436	$0		$0	$0	$0	$0	$53,477	
															
	October	November	December	January	February	March	April	May	June	July		August	September	Total	
Operating Expenses Community Wide
Site Manager	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$2,650	
$0		
$0	
$0	
$0	
$0	
$18,550	
Landscape Maintenance	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907	$34,907	$0		$0	$0	$0	$0	$244,349	
Landscape Contingency	$1,750	$1,316	$0	$450	$540	$0	$910	$0		$0	$0	$0	$0	$4,966	
Irrigation Repairs & Maintenance	$3,210	$3,658	$1,740	$4,015	$330	$9,361	$1,804	$0		$0	$0	$0	$0	$24,118	
Lakes	$3,101	$3,101	$3,101	$3,101	$3,101	$3,101	$3,101	$0		$0	$0	$0	$0	$21,707	
Plant Replacement & Annuals	$4,656	$686	$5,910	$4,358	$0	$4,338	$0	$0		$0	$0	$0	$0	$19,947	
Utilities	$2,855	$3,115	$3,228	$2,584	$2,826	$2,696	$2,817	$0		$0	$0	$0	$0	$20,122	
Repairs	$6,503	$2,294	$5,043	$1,589	$4,686	$13,799	$0	$0		$0	$0	$0	$0	$33,914	
Stormwater System	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$0	
Sidewalks	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$0	
Street Lighting	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	$0	
Miscellaneous	$652	$775	$1,916	$616	$616	$859	$616	$0		$0	$0	$0	$0	$6,050	
Conservation Easement Maintenance	$0	$0	$5,165	$0	$6,287	$0	$7,348	$0		$0	$0	$0	$0	$18,800	
Tree Trimming	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600	$3,600	$0		$0	$0	$0	$0	$25,200	
OPERATING EXPENSES COMMUNITY WIDE	$63,885	$56,102	$67,259	$57,870	$59,543	$75,310	$57,753	$0		$0	$0	$0	$0	$437,722	
															
TOTAL EXPENDITURES	$116,339	$73,310	$80,414	$89,397	$74,094	$94,082	$70,180	$0		$0	$0	$0	$0	$597,816	
															
EXCESS REVENUES/ (EXPENDITURES)	($113,983)	($67,237)	$461,099	($72,588)	($67,011)	$44,496	($48,490)	$0		$0	$0	$0	$0	$136,286	

INDIGO COMMUNITY DEVELOPMENT DISTRICT
ASSESSMENT RECEIPTS - FY2018

TAX COLLECTOR

UNITS
NET TAX ROLL ASSESSED	4,912.20	$ 1,001,750.22	$ 79,064.20	$ 299,095.34	$	79,551.24	$ 1,459,461.00	
A
TAX ROLL RECEIVED	RECEIPTS	O&M	1999A	1999C	2005A	REVENUE	
-
11/14/17	$ 13,357.00	$	5,742.82	$ 1,309.33	$	5,469.84	$	835.01	$ 13,357.00	*	
11/28/17	$ 133,383.54	$ 68,121.75	$ 12,345.63	$ 43,615.77	$	9,300.39	$ 133,383.54		
12/8/17	$ 533,277.81	$ 292,625.70	$ 38,208.00	$ 155,096.67	$ 47,347.44	$ 533,277.81		
12/8/17	$ 54,882.06	$ 28,979.88	$ 5,856.91	$ 16,945.14	$	3,100.13	$ 54,882.06		
12/19/17	$ 62,489.65	$ 31,778.38	$ 5,780.23	$ 22,670.54	$	2,260.50	$ 62,489.65		
12/27/17	$ 125,661.22	$ 119,636.41	$	991.21	$	3,540.56	$	1,493.04	$ 125,661.22		
1/2/18	$	5,995.39	$	3,199.88	$	441.96	$	1,921.15	$	432.40	$	5,995.39		
1/10/18	$ 17,450.60	$	9,293.89	$ 1,037.94	$	6,482.68	$	636.09	$ 17,450.60		
1/12/18	$	6,574.79	$	3,545.82	$	631.13	$	2,110.14	$	287.70	$	6,574.79		
1/17/18	$	7,472.46	$	3,853.41	$	950.44	$	2,383.85	$	284.76	$	7,472.46		
1/30/18	$	6,354.88	$	3,040.04	$	698.66	$	2,328.48	$	287.70	$	6,354.88		
2/26/18	$	4,177.94	$	2,291.65	$	242.66	$	1,353.00	$	290.63	$	4,177.94		
3/9/18	$	4,915.69	$	2,303.28	$	963.66	$	1,648.75	$	-	$	4,915.69		
3/27/18	$ 138,128.57	$ 133,545.94	$	587.78	$	2,749.20	$	1,245.65	$ 138,128.57		
4/11/18	$ 44,515.83	$ 19,661.13	$ 2,779.73	$ 11,845.68	$ 10,229.29	$ 44,515.83		
4/20/18	$	2,460.52	$	1,560.87	$	70.45	$	829.20	$	-	$	2,460.52		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
	$	-	$	-	$	-	$	-	$	-	$	-		
					$	-		
TOTAL TAX ROLL RECEIVED	$ 1,161,097.95	$ 729,180.85	$ 72,895.72	$ 280,990.65	$	78,030.73	$ 1,161,097.95		

BALANCE DUE TAX ROLL	$ 272,569.37	$	6,168.48	$	18,104.69	$	1,520.51	$	298,363.05	

PERCENT COLLECTED	72.79%	92.20%	93.95%	98.09%	79.56%

*Commission fee of $4,164.60 deducted from O&M