INDIGO COMMUNITY 
DEVELOPMENT DISTRICT 
MAY 24, 2023 
AGENDA PACKAGE 

AGENDA 



Indigo Community Development District 
475 West Town Place, Suite 114 
St. Augustine, Florida 32092 
www.IndigoCDD.com 
May 17, 2023 
Board of Supervisors 
Indigo Community Development District 
Call In # 1-877-304-9269 Code 2811728 
Dear Board Members: 
The Indigo Community Development District Board of Supervisors Meeting is scheduled to be 
held on Wednesday, May 24, 2023 at 1:00 p.m. at the Fairfield by Marriott Daytona Beach, 
1820 Checkered Flag Boulevard, Daytona Beach, Florida 32114. 
Following is the revised agenda for the meetings: 
I. Roll Call 
II. Public Comment (Limited to 3 minutes per person) 
III. Approval of the Minutes of the March 29, 2023 Meeting 
IV. Consideration of Proposals 
A. Sod Replacement – Team Rountree 
B. Arbitrage Rebate Computations - AMTEC 
V. Consideration of Resolution 2023-06, Approving a Proposed Budget for Fiscal Year 
2024 and Setting a Public Hearing Date for Adoption 
VI. Staff Reports 
A. District Counsel 
B. District Engineer 
C. District Manager – Report on the Number of Registered Voters (2,077) 
D. Field Operations Manager 
VII. Supervisors’ Requests and Public Comment (Limited to 3 minutes per person) 
VIII. Approval of Check Register 
IX. Financial Statements as of April 30, 2023 
X. Consideration of Moving Next Scheduled Meeting from June 28, 2023 to Wednesday, 
June 21, 2023 at 1:00 p.m. at the Fairfield by Marriott Daytona Beach, 1820 Checkered 
Flag Boulevard, Daytona Beach, Florida 

XI. Adjournment 

MINUTES 



1 
MINUTES OF MEETING 
INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
The regular meeting of the Board of Supervisors of the Indigo Community Development 
District was held Wednesday, March 29, 2023 at 1:00 p.m. at the Fairfield by Marriott Daytona 
Beach, 1820 Checkered Flag Boulevard, Daytona Beach, Florida. 
Present and constituting a quorum were: 
John McCarthy Chairman 
Mark McCommon Vice Chairman by telephone 
Kevin Kilian Assistant Secretary 
Ken Workowski Assistant Secretary 
Ron Brown Assistant Secretary 
Also Present were: 
Jim Perry District Manager 
Jeremy Lebrun Governmental Management Services 
Katie Buchanan District Counsel 
Kurt von der Osten Field Operations Manager 
Jamie Rountree Team Rountree by telephone 
FIRST ORDER OF BUSINESS Roll Call 
Mr. Perry called the meeting to order at 1:00 p.m. and called the roll. 
SECOND ORDER OF BUSINESS Public Comments 
There being none, the next item followed. 
THIRD ORDER OF BUSINESS Approval of the Minutes of the December 9, 
2022 Meeting 
On MOTION by Mr. Killian seconded by Mr. Brown with all in favor 
the minutes of the December 9, 2022 meeting were approved as 
presented. 
FOURTH ORDER OF BUSINESS Consideration of Resolution 2023-05 
Designating Officers 

March 29, 2023 Indigo Community Development District 
2 
Mr. Perry stated Resolution 2023-05 is the designation of officers. You will see at the 
bottom of the resolution we have inserted members of GMS to be included as either assistant 
treasurer or assistant secretary. In addition, I want to add Jeremy Lebrun to that list. He operates 
out of the Orlando office, and he will be coming to some of the meetings on a regular basis. 
Currently Mr. McCarthy is chairman, Mr. McCommon is vice chair and we ask if there ae any 
changes you would like to make. I am the secretary and treasurer and the remaining board 
members are assistant secretaries. 
On MOTION by Mr. Killian seconded by Mr. Brown with all in favor 
Resolution 2023-05 was approved reflecting the same slate of 
officers and adding Jeremy Lebrun as an assistant secretary and 
assistant treasurer. 
FIFTH ORDER OF BUSINESS Discussion of Update on O&M Methodology 
Mr. Perry stated item five is a discussion about updating the O&M methodology. What is 
transpiring in the district now is we have certain communities that have unique expenses related 
to them, the Lennar community especially. In addition to that on the drawing board there are 
multiple-family and commercial properties that will come within the district boundaries, and we 
haven’t established a rate for assessing those. In the 1999 bonds there was the contemplation that 
there would be commercial, apartments, etc. and condominiums so there has been a lot of work 
done on that, but it is dated. We want to do a formal O&M methodology, which will document 
all that and provide equivalent residential units concept to each of the different product types that 
are going to be built. In addition, we are going to isolate this one community because of the costs 
associated with it; the landscaping is a little more intense than the other areas of the communities 
and it benefits that community itself because it is right off LPGA Boulevard and is kind of isolated. 
The other issue is the stormwater management costs associated with the ponds down there and the 
permitting and the project that has been installed would be floating mats of hydroponic type of 
plant material. At our May meeting we will bring before the board a draft of this methodology, 
which will be the basis for assessments of those types of units going forward. Looking where we 
are today I anticipate that we won’t have an increase in assessments throughout the district, but we 
will have a pocket associated with this that we will probably be floating an increase on in 
anticipation of having these costs in the future along with the landscaping costs we are incurring 

March 29, 2023 Indigo Community Development District 
3 
right now. Kurt will give you an overview of the costs associated with the stormwater system and 
where it is located. 
Mr. von der Osten stated it is in the preserve, it is a unique stormwater filtration system, 
which consists of 27 floating biomass nutrient retention mats. They have to change out all the 
plant material in the 27 mats three times a year. Those types of plants really absorb the different 
nutrients that need to be extracted and before the plants can die and decompose, they harvest those, 
take them back and compost them and plant new plants. It is an interesting system and there is no 
historical data on it when it was sold to us last year. I just received the first proposal from this 
company for annual maintenance of these mats and one year of maintenance and harvesting is 
$98,000. I don’t even know if there are other vendors. I sent it back and said we were told at the 
presentation there was three years maintenance included and it took about a week to get a response 
and they said they researched it, and you are correct. The proposal doesn’t go into effect until 
2025. It gives us a little time to budget, and maybe more bidders will come on line and we can bid 
it out. It requires three harvestings a year, every harvest samples are sent to a lab in Orlando and 
analyzed. The report has to go to a lab, reviewed, written up and forwarded to the water 
management district to show that the system is functioning. I’m learning about it and bringing the 
information to you. 
Mr. Brown asked does it look like its working? 
Mr. von der Osten stated no, with the water heat up this summer and right now we are not 
putting any chemicals in. I don’t have these on Solitude’s rotation right now. I need to add it, but 
I haven’t talked to them about how they treat when you have these things floating around. I need 
to add that also, which will be an amendment to the current contract. 
Mr. Killian asked will the increase for the homeowners’ association in that area be 
equivalent to the cost of this different system? 
Mr. Perry stated that is what we are going to do on this O&M methodology since this is a 
closed system related specifically to that development area it would be passed on to the homes that 
benefit from the system. 
Mr. Killian stated I vaguely remember the presentation but what is the purpose of this new 
method. 
Mr. von der Osten stated it was explained to us at the time that there were new calculations 
for stormwater retention rates and how long it must be held, and you treat it before it is released 

March 29, 2023 Indigo Community Development District 
4 
into the river. It is called the 100-year compensatory storage and requires much more stormwater 
capacity on your site. A new subdivision like the preserve is retaining much more stormwater for 
a longer period of time than Jubilee or Centennial that fell under the regulations of 20-years ago. 
The soil characteristics of that neighborhood had no percolation, the water just sits there. There is 
a combination of factors, having to store so much more water, the soil does very low percolation, 
so you have to remove all the nutrients. We were told this was the only system they could make 
work in that area. 
Mr. Workowski asked what exposure do we have if it doesn’t work? 
Mr. Perry stated I have never seen one of these systems before and unfortunately, 
sometimes the permitting agencies go out and look at solutions that haven’t been proven. One 
example Kurt and I talked about is one vendor that I know of. This individual does a lot of aquatics 
type stuff throughout Central Florida but we can’t be tied to one vendor, that did all the permitting 
and worked with all the agencies. I was shocked at the price and the timeframes involved for the 
harvesting and all the work that goes into those permits. I don’t have an answer for you, but we 
will see over the next year where we are at. 
Mr. Killian asked how much per property is it going to cost? 
Mr. Perry stated about $375 per unit per year. 
Mr. Killian asked will that assessment be paid by the lots that aren’t built on? 
Mr. Perry stated yes. 
Mr. McCommon asked what is involved in terms of harvesting and are there going to be 
issues with the homeowners related to the noise that might be caused by the harvesting? 
Mr. von der Osten stated I handed out some brochures from the vendor and I will email 
that to you. They have already harvested once, and the report is here. The mats are tethered to the 
shoreline, and they pull them in and they are plugged and they pull them out and replace them at 
the shoreline. We have easements and access. It is not a large machine going around like a 
combine, it is all done by hand. 
Mr. Killian asked was the report accepted by the agencies? 
Mr. von der Osten stated I would like our engineer to look at this and comment to the board 
on it. He would be working on your behalf. 
SIXTH ORDER OF BUSINESS Staff Reports 

March 29, 2023 Indigo Community Development District 
5 
A. District Counsel – Discussion of Proposed Fee Increase 
Ms. Buchanan stated I used to charge a flat fee of $1,200 so when I called in for a meeting 
and spent an hour on the phone it was a really good day for me, but I didn’t feel that you have the 
complexity that necessitates that flat fee arrangement anymore. I wasn’t comfortable continuing 
that and felt like an hourly rate was more fair. The counter was when we did have the flat fee 
arrangement our hourly rates were lower, so it was a significantly lower rate. All of my clients I 
held last year when we transferred from Hopping to Kutak because I didn’t want anyone to feel 
pressured that there was a new firm and a new rate. Now is the time I’m coming back and 
proposing that we true you up to what our market rate is. I’m still proposing a discount, my normal 
rate on other districts is $350 so you still have roughly that 10% off, which is something historically 
here that you have appreciated. It is a big jump and I thought it was important to explain why it 
was a big jump because it was tied to that flat fee that you were paying for so long. 
Mr. Killian asked is the pricing consistent with other firms? 
Mr. Perry stated it is. Unfortunately, attorneys’ fees over the last five years have gone up 
considerably. 
On MOTION by Mr. Killian seconded by Mr. Workowski with all in 
favor the proposed fee increase was approved. 
B. District Engineer 
There being none, the next item followed. 
C. District Manager 
Mr. Perry stated we are working on the budget for next year, preliminarily it appears that 
we still will end the year with about $1.2 million in cash. Our normal working capital is three 
months, which is about $300,000 so there is about $800,000 excess. We have maintained a lot of 
excess over the years. I don’t anticipate an increase in assessments even with increasing costs we 
can absorb that for this next year without any issues, that said I’m not talking about the Lennar 
property, I’m talking about all the other residential communities in the district. 
Mr. Brown asked instead of hitting them with $400 a year assessment would it make sense 
to break that up? 

March 29, 2023 Indigo Community Development District 
6 
Mr. Perry stated we have two components that are part of the increase for that enclave. The 
first is the landscaping cost and we will have to determine how much more that is than what we 
normally pay because they have more extensive entrances and so forth. That cost is currently out 
there, we are incurring it on a daily basis now. The other cost is the projected cost for the mats 
and stormwater. We would anticipate both of those and notice the total, but for the next year or 
two since we don’t have those costs with the stormwater coming in, we wouldn’t go all the way 
up to the $400. We would probably only go halfway for the costs we are currently incurring. That 
way it is done in regard to notices and people know what to expect in year 2 or 3 from now. We 
will have a draft budget in May with the proposed increase for the effected lands. 
Ms. Buchanan stated this is premature but thinking ahead we are probably going to post 
this on the website, the methodology, because not this year or next year but there will be a point 
at which this community realizes their assessments are higher and we want to be able to say you 
can view the document, it is on the website, we have always explained why yours are higher, we 
have been transparent about it. 
Mr. Killian asked can we put the onus on the builder and say they need to tell their people 
they are going to pay X more than everyone else? 
Ms. Buchanan stated when they request estoppel letters, which they don’t always do, you 
can do it there. 
Mr. Perry stated keep in mind this community already has additional debt layered over it 
above and beyond what you have, when they issued the bonds last year. 
Ms. Buchanan stated it is really something we should think about because this community 
is building out in an unorthodox manner. Rather than a master seeing it through you are going to 
see different treatments for different neighborhoods and we may want to start putting that 
information out there if we can so they can understand that this is what you are buying into. I 
don’t know how we do that, but it is worth thinking about. 
D. Field Operational Manager 
Mr. von der Osten discussed the new interchange and was told by FDOT not to do anything 
with the entrance until they are finished with their work and I let them know about our interlocal 
agreement with the city. 

March 29, 2023 Indigo Community Development District 
7 
As an update on the sidewalks, most of International Drive has been replaced. It is so 
shady that the grass won’t grow, and Jamie recommends a shade tolerant variety and we should 
have a better idea of what is needed by the next meeting. The city is working with us and 
Courteaux Electric because International Golf was decimated by the hurricane, so not only did we 
have the sidewalk work, but half the trees and lighting and irrigation ripped out. It is slated in the 
next budget year for repaving by the city. There was resurfacing on Tournament and the 
neighborhoods off Tournament. The city updated the crosswalks at the intersections to make them 
ADA compliant. They did stop at Tournament and Perfect mainly because the apartments are 
under construction, they will come back after construction and repave that section. 
The weir that is still damaged on Champions near the intersection at Tournament was 
washed out in the hurricane, the city reported that it is in the engineering and design phase. 
I have a proposal to clean and repaint the monument at the Tournament Drive entrance in 
the amount of $2,600. I think we need to repaint at least the blue part on the ones at International 
Golf Drive. Are we good with the $2,600? 
Mr. Perry stated yes. 
Mr. von der Osten stated I’m working with several HOAs on refurbishing the street 
signposts, a few belong to the CDD and I would like to do them at the same time. 
Mr. McCommon asked did you reach out to the IROA regarding the Links Terrace 
monuments that are not consistent with the entrance signs for other communities? 
Mr. von der Osten stated I have told them it is not the right style. We have approved 
signage templates and guidelines for the community. The one community not in either signage is 
Links Terrace because it was a resort parcel it was always left off every agreement. I don’t have 
a signage requirement for Links Terrace, I’m asking them to change them to match everything else 
in the community. The concrete part is fine, it looks like they stuck on mechanical letters. 
Mr. McCommon asked what has been their response? 
Mr. von der Osten stated that it is what they typically use on their signs. I told them those 
letters are not approved, they have also been advised that their for sale signs at the entrances to the 
neighborhood are not approved either and will have to be removed. I have advised them that a 
new home sale sign approved for both entrances, Tournament and Champions, which looks similar 
to that one sign that has been there forever is in need of refurbishment. I have gone to the 
developers and builders and the plan right now we are putting in place is to install the approved 

March 29, 2023 Indigo Community Development District 
8 
LPGA sign at both entrances stating new home sales, but it matches the theme. Those signs will 
be coming out and replaced with the proper signs. 
We will need to add a placard for Links Terrace to the monument signs that list the names 
of all the neighborhoods. 
Mr. Perry stated one other item not on the agenda is the utility easement parcel. 
Mr. von der Osten stated it is on the Tomoka River on ISB, it is CDD conservation land. 
Ms. Buchanan stated it is not developable, there are not any CDD improvements nearby, 
what they are doing is a directionally drilled force main, so they are going to drill underground to 
install a sanitary sewer facility. If everyone is okay with it in concept, give authority to the chair 
to work with staff to finalize the form of easement agreement because if it is in a conservation 
easement, we want to make sure if there is any damage that they are liable and responsible for it. 
On MOTION by Mr. McCarthy seconded by Mr. Workowski with 
all in favor the chair was authorized to work with staff to finalize the 
form of easement agreement with the City of Daytona Beach. 
SEVENTH ORDER OF BUSINESS Supervisors Requests and Public Comments 
There being none, the next item followed. 
EIGHTH ORDER OF BUSINESS Approval of Check Register 
On MOTION by Mr. Workowski seconded by Mr. Killian with all in 
favor the check register was approved. 
NINTH ORDER OF BUSINESS Financial Statements as of September 30, 2022 
A copy of the financials was included in the agenda package. 
TENTH ORDER OF BUSINESS Next Scheduled Meeting – May 24, 2023 at 
1:00 p.m. @ Holiday Inn 
Mr. Perry stated the next scheduled meeting is Wednesday, May 24, 2023 at 1:00 p.m. in 
the same location. 

March 29, 2023 Indigo Community Development District 
9 
On MOTION by Mr. McCarthy seconded by Mr. Brown with all in 
favor the meeting adjourned at 1:45 p.m. 
Secretary/Assistant Secretary Chairman/Vice Chairman 

FOURTH ORDER OF BUSINESS 



A. 

www.teamrountree.net 
PO Box 730506 Ormond Beach, FL 32713 Phone: 386-274-4050 Fax: 386-236-1270 
jamie@teamrountree.net 
2/21/23 
ICDD 
Attn: Board of Supervisors 
C/o: Mr. Kurt Von der Osten 
Re: Sod Replacement 
Mr. Von der Osten and Board, 
There are many areas throughout the ICDD where the turf has simply run its course. Many of 
these areas were planted over 24 years ago. Due to the incredible growth of our oak trees and the 
substantial reduction of sunlight that the turf receives, I would like to start replacing these areas with a 
shade tolerant turf variety. Our choices are Seville or Palmetto. Below is a comparison of the two types of 
turf. 
Palmetto: 
This sod is known for its emerald green color and is a low maintenance and hardy turfgrass. It performs 
well in full sunlight, yet also thrives in shaded areas with three to four hours of direct daily sunlight. 
When properly maintained, Palmetto will deliver years of an aesthetically pleasing and functional lawn. 
Seville: 
This is a fine leafed, semi-dwarf St. Augustine that performs well in the shade, with a light green color 
and low growth habit. Retains its color well in the fall and greens up fast in the spring. Shorter mowing 
height gives a more manicured look after maintenance is complete. 
Though both turf types are priced the same, but it is the recommendation of Team Rountree that we go 
with the Seville. Though it is not a dark green as the Palmetto, it is better at taking up nutrients when 
applied and recovers well from damage. 
We would like to replace about 22,000 sq. ft. of turf during this application. I would expect that we 
would do about the same amount two additional times. 

www.teamrountree.net 
PO Box 730506 Ormond Beach, FL 32713 Phone: 386-274-4050 Fax: 386-236-1270 
jamie@teamrountree.net 
Estimated Cost are as follows: 
Removal and Prep $6,912.00 
Installation of new turf $21,600.00 
First Application cost $28,512.00 
Total Project Cost $85,536.00 
Please present to the board of Supervisors at the next meeting for discussion and hopefully approval. 
Thank you for your continued patronage. 
Jamie Rountree, Pres. 
Team Rountree, Inc 
Authorizing Agent_____________________________________________Date________________ 
*THE IRRIGATION SYSTEM WILL BE THOROUGHLY INSPECTED AND RUNNING APPROPRIATELY 
BEFORE ANY SOD IS INSTALLED. 

B. 

Arbitrage Rebate Computation 
Proposal For 


Indigo 
Community Development District 
(City of Daytona Beach, Florida) 
$2,815,000 
Capital Improvement Revenue Bonds, 
Series 2021 
(Integrated LPGA - Phase A1) 




May 19, 2023 

Indigo Community Development District 

 c/o Ms. Teresa Viscarra 
Government Management Services – CF, LLC 
1408 Hamlin Avenue, Unit E 
St. Cloud, FL 34771 

Re: 
$2,815,000 Indigo Community Development District (City of Daytona Beach, Florida), 
Capital Improvement Revenue Bonds, Series 2021 (Integrated LPGA – Phase A1) 


Dear Ms. Viscarra: 

AMTEC is an independent consulting firm that specializes in arbitrage rebate calculations. We have the 
ability to complete rebate computations for the above-referenced Indigo Community Development 
District (the “District”) Series 2021 bond issue (the “Bonds”). We do not sell investments or seek an 
underwriting role. As a result of our specialization, we offer very competitive pricing for rebate 
computations. Our typical fee averages less than $1,000 per year, per issue and includes up to five years 
of annual rebate liability reporting. 

Firm History 

AMTEC was incorporated in 1990 and maintains a prominent client base of colleges and universities, 
school districts, hospitals, cities, state agencies and small-town bond issuers throughout the United States. 
We currently compute rebate for more than 7,900 bond issues and have delivered thousands of rebate 
reports. The IRS has never challenged our findings. 

Southeast Client Base 

We provide arbitrage rebate services to over 350 bond issues aggregating more than $9.1 billion of tax-
exempt debt in the southeastern United States. We have recently performed computations for the 
Magnolia West, East Park, Palm Coast Park, and Town Center at Palm Coast Park Community 
Development Districts. Additionally, we are exclusive rebate consultant to the Cities of Cape Coral and 
Palm Beach in Florida. Nationally, we are rebate consultants for the County of Orange (CA), the City of 
Tulsa (OK), the City of Corpus Christi (TX) and the States of Connecticut, New Jersey, Montana, 
Mississippi and Alaska. 

We have prepared a Proposal for the computation of arbitrage for the District’s Bonds. We have 
established a "bond year end" of September 24th, based upon the anniversary of the closing date of the 
Bonds in September 2021. 


Proposal 

We are proposing rebate computation services based on the following: 

. 
$2,815,000 Series 2021 Bonds; 

. 
Fixed Rate Issue; and 

. 
Acuqisition & Construction, Debt Service Reserve, Capitalized Interest, Cost of Issuance & Debt 

Service Accounts. 

Should the Tax Agreement require rebate computations for any other accounts, computations will be 
extended to include those accounts at no additional cost to the District. 

Our guaranteed fee for rebate computations for the Series 2021 Bonds is $450 per year and will encompass 
all activity from September 24, 2021, the date of the closing, through September 24, 2026, the end of the 
5th Bond Year and initial Computation Date. The fee is based upon the size as well as the complexity. 
Our fee is payable upon your acceptance of our rebate reports, which will be delivered shortly after the 
report dates specified in the following table. 

 AMTEC's Professional Fee – $2,815,000 Capital Improvement Revenue Bonds, Series 2021 

Report Date Type of Report Period Covered Fee 
May 31, 2023 Rebate and Opinion Closing – September 30, 2022 $ 450 
September 30, 2023 Rebate and Opinion Closing – September 30, 2023 $ 450 
September 30, 2024 Rebate and Opinion Closing – September 30, 2024 $ 450 
September 30, 2025 Rebate and Opinion Closing – September 30, 2025 $ 450 
September 24, 2026 Rebate and Opinion Closing – September 24, 2026 $ 450 

In order to begin, we are requesting copies of the following documentation: 

1. 
Arbitrage Certificate or Tax Regulatory Agreement 
2. 
IRS Form 8038-G 
3. 
Closing Memorandum 
4. 
US Bank statements for all accounts from September 24, 2021, the date of the closing, through 
each report date. 
AMTEC's Scope of Services 

Our standard engagement includes the following services: 

. 
Review of all bond documents and account statements for possible rebate exceptions; 

. 
Computation of the rebate liability and/or the yield restricted amount, in accordance with Section 
148 of the Internal Revenue Code, commencing with the date of the closing through required 
reporting date of the Bonds; 

. 
Independent calculation of the yield on the Bonds to ensure the correct basis for any rebate 
liability. This effort provides the basis for our unqualified opinion; 

. 
Reconciliation of the sources and uses of funds from the bond documentation; 

3 



. 
Calculation and analysis of the yield on all investments, subject to the Regulations, for each 
computation period; 

. 
Production of rebate reports, indicating the above stated information, and the issuance of the 
AMTEC Opinion; 

. 
Recommendations for proactive rebate management; 

. 
Commingled funds, transferred proceeds and yield restriction analyses, if necessary; 

. 
Preparation of IRS Form 8038-T and any accompanying documentation, should a rebate payment 
be required; 

. 
We will discuss the results of our Reports with you, your auditors, and our continued support in 
the event of an IRS inquiry; and 

. 
We guarantee the completeness and accuracy of our work. 

The District agrees to furnish AMTEC with the required documentation necessary to fulfill its obligation 
under the scope of services. The District will make available staff knowledgeable about the bond 
transactions, investments and disbursements of bond proceeds. 

The District agrees to pay AMTEC its fee after it has been satisfied that the scope of services, as outlined 
under the Proposal, has been fulfilled. AMTEC agrees that its fee is all-inclusive and that it will not charge 
the District for any expenses connected with this engagement. 

The parties have executed this Agreement on ___________________, 2023. 

Indigo Consultant: American Municipal Tax-Exempt 
Community Development District 


Compliance Corporation 
By: By: Michael J. Scarfo 
Senior Vice President 

4 



FIFTH ORDER OF BUSINESS 



RESOLUTION 2023-06 
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY 
DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FISCAL YEAR 
2023/2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA 
LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION 
REQUIREMENTS; ADDRESSING SEVERABILITY; 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, 2023, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2023 
and ending September 30, 2024 (“Fiscal Year 2023/2024”); 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: 
1. PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District 
Manager for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis 
for conducting a public hearing to adopt said Proposed Budget. 
2. 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: August 23, 2023 
HOUR: 1:00 p.m. 
LOCATION: Fairfield by Marriott Daytona Beach Speedway 
1820 Checkered Flag Boulevard 
Daytona Beach, FL 32114 
3. TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE 
GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed 
Budget to the local general-purpose governments at least 60 days prior to the hearing set above. 
4. 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. 

5. PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the 
manner prescribed in Florida law. 
6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of 
this Resolution shall not affect the validity or enforceability of the remaining portions of this 
Resolution, or any part thereof. 
7. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption. 
PASSED AND ADOPTED THIS 24TH DAY OF MAY, 2023. 
ATTEST: INDIGO COMMUNITY DEVELOPMENT 
DISTRICT 
_____________________________ 
Secretary / Assistant Secretary Chairperson/Vice Chairperson, Board of 
Supervisors 
Exhibit A: Proposed Budget 

Indigo 
Community Development District 
Proposed Budget 
FY 2024 

INDIGO 
Community Development District 
FY2024 Proposed Budget 
TABLE OF CONTENTS 
GENERAL FUND BUDGET 
** Summary Revenues and Expenditures Page 1-3 
** Narrative – Administrative and Maintenance Page 4-11 
DEBT SERVICE FUND BUDGET 
** Series 1999A Page 12-13 
** Series 1999C Page 14 
** Series 2005 Page 15 
** Series 2021 Page 16-17 

Indigo General Fund 
Community Development District Operating & Maintenance 
Adopted Actual Projected Total Proposed 
Budget Thru Next as of Budget 
Description FY2023 4/30/23 5 Months 9/30/23 FY2024 
Revenues 
Maintenance Assessments $653,640 $481,652 $116,862 $598,515 $848,515 
Interest Income $3,000 $35,079 $14,982 $50,061 $35,000 
I-95 City of Daytona Funding $8,100 $0 $8,100 $8,100 $8,100 
Carry Forward Surplus $511,769 $0 $0 $0 $414,585 
Total Revenues $1,176,509 $516,731 $139,945 $656,676 $1,306,200 
Expenditures 
Administrative 
Supervisor Fees $12,000 $3,800 $3,000 $6,800 $12,000 
FICA Expense $918 $291 $230 $520 $918 
Engineering $5,000 $0 $2,500 $2,500 $5,000 
Attorney $32,000 $4,812 $11,188 $16,000 $32,000 
Annual Audit $6,100 $0 $4,515 $4,515 $4,515 
Arbitrage $1,350 $1,350 $900 $2,250 $1,800 
Trustee Fees $8,500 $8,130 $0 $8,130 $8,500 
Dissemination Agent $6,600 $3,850 $2,750 $6,600 $6,600 
Assessment Administration $20,000 $20,000 $0 $20,000 $20,000 
Management Fees $59,325 $34,606 $24,719 $59,325 $62,885 
Information Technology $2,800 $1,633 $1,167 $2,800 $2,800 
Website Administration $1,200 $700 $500 $1,200 $1,200 
Telephone $300 $32 $68 $100 $300 
Postage $1,000 $78 $172 $250 $1,000 
Insurance $26,050 $23,668 $0 $23,668 $31,996 
Printing & Binding $1,750 $479 $521 $1,000 $1,750 
Legal Advertising $2,500 $801 $1,699 $2,500 $2,500 
Other Current Charges $1,000 $739 $739 $1,479 $2,000 
Office Supplies $350 $102 $98 $200 $350 
Special District Fee $175 $175 $0 $175 $175 
Office Expense $6,000 $3,500 $2,500 $6,000 $6,000 
Administrative Expenses $194,918 $108,746 $57,265 $166,011 $204,289 
Maintenance Expenses I-95 
Landscape Maintenance $52,920 $30,870 $22,050 $52,920 $55,566 
Landscape Contingency $3,500 $0 $1,750 $1,750 $3,500 
Irrigation Repairs & Maintenance $20,000 $239 $9,761 $10,000 $20,000 
Mowing $8,100 $0 $8,100 $8,100 $8,100 
Lakes $5,862 $3,845 $2,209 $6,054 $5,912 
Plant Replacement & Annuals $8,000 $4,295 $3,705 $8,000 $8,000 
Utilities $18,000 $12,234 $10,805 $23,039 $27,000 
Repairs $10,000 $2,510 $7,490 $10,000 $10,000 
Miscellaneous $2,461 $1,435 $1,025 $2,461 $2,461 
Total I-95 Maintenance Expenses $128,843 $55,429 $66,895 $122,324 $140,539 
1

Indigo General Fund 
Community Development District Operating & Maintenance 
Adopted Actual Projected Total Proposed 
Budget Thru Next as of Budget 
Description FY2023 4/30/23 5 Months 9/30/23 FY2024 
Maintenance Expenses - Community Wide 
On-Site Manager $33,390 $18,550 $13,250 $31,800 $33,390 
Landscape Maintenance $463,768 $270,531 $193,237 $463,768 $486,957 
Landscape Maintenance (New Area) $0 $58,774 $42,260 $101,034 $101,424 
Landscape Contingency $25,000 $21,209 $8,791 $30,000 $3,000 
Irrigation Repairs & Maintenance $35,000 $14,717 $15,283 $30,000 $35,000 
Lake Maintenance $41,049 $24,561 $17,617 $42,178 $42,281 
Fountain Maintenance $0 $10,500 $7,500 $18,000 $18,000 
Plant Replacement & Annuals $35,000 $12,228 $12,228 $24,456 $35,000 
Utilities $40,000 $21,407 $16,184 $37,591 $40,000 
Repairs $57,800 $20,325 $15,000 $35,325 $39,800 
Stormwater System $3,158 $0 $1,579 $1,579 $3,158 
Sidewalks $3,000 $0 $1,500 $1,500 $3,000 
Miscellaneous $10,000 $4,452 $3,025 $7,477 $10,000 
Conservation Easement Maintenance $50,224 $29,297 $20,927 $50,224 $52,735 
Tree Trimming $45,360 $26,460 $18,900 $45,360 $47,628 
Pressure Washing $10,000 $0 $5,000 $5,000 $10,000 
Hurricane Expense $0 $107,609 $0 $107,609 $0 
Total Maintenance Expenses - 
Community Wide $852,748 $640,621 $392,281 $1,032,901 $961,372 
Total Maintenance Expenses $981,591 $696,049 $459,176 $1,155,225 $1,101,911 
TOTAL EXPENDITURES $1,176,509 $804,795 $516,441 $1,321,236 $1,306,200 
EXCESS REVENUES/(EXPENDITURES) ($0) ($288,064) ($376,496) ($664,560) $0 
FY2023 FY2024 
Net Assessment $653,640 $848,515 
Add: Discount & Collections 6% $41,722 $54,161 
Gross Assessments $695,362 $902,675 
2

(1) Beginning Fund Balance - Fiscal Year 2023 $1,733,542 
(2) Estimated Excess/(Deficit) - Fiscal Year 2023 ($664,560) 
Total Estimated Funds Available - 9/30/2023 $1,068,982 
Allocation of Funds Available 
(3) Operating Reserve - First Quarter Operating Capital $326,550 
Assigned Fund Balance $414,585 
Unassigned Fund Balance $327,847 
Total Allocation of Funds $1,068,982 
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 
Exhibit "A" 
Allocation of Operating Reserves 
Estimated Funds Available 
Indigo 
Community Development District 
3

INDIGO 
Community Development District 
FY2024 Proposed Budget 
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. 
I-95 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, not to 
exceed $4,800 per year paid to each Supervisor for the time devoted to District 
business and meetings. 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. 
4

INDIGO 
Community Development District 
FY2024 Proposed Budget 
Attorney 
The District's attorney, Kutak Rock LLP, 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 by Florida Statutes to arrange for an independent audit of its 
financial records on an annual basis. The District has contracted with Berger, Toombs, 
Elam, Gaines and Frank for this service. 
Arbitrage 
The District has a contract to annually calculate the District’s Arbitrage Rebate Liability 
on the Series 1999A, 1999C, 2005 & 2021 Capital Improvement Revenue Bonds. The 
amount is based on the current contract with AMTEC. 
Trustee Fees 
The District's Series 1999A, 1999C, 2005 & 2021 Capital Improvement Revenue Bonds 
are held with a Trustee at US Bank. Series 1999A and 2021 bonds are processed 
through general fund as the default Series 1999C and 2005 are processed through debt 
service funds. 
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. 
Assessment Administration 
The District has contracted with Governmental Management Services, LLC to levy and 
administer the collection of non-ad valorem assessment on all assessable property 
within the District. 
5

INDIGO 
Community Development District 
FY2024 Proposed Budget 
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 
The District has contracted with Governmental Management Services, LLC for cost 
related to District’s information systems, which include but are not limited to video 
conferencing services, cloud storage services and servers, positive pay implementation 
and programming for fraud protection, accounting software, Adobe, Microsoft Office, 
etc. 
Website Maintenance 
The District has contracted with Governmental Management Services, LLC for the costs 
associated with monitoring and maintaining the District’s website created in accordance 
with Chapter 189, Florida Statutes. These services include site performance 
assessments, security and firewall maintenance, updates, document uploads, hosting 
and domain renewals, website backups, etc. 
Telephone 
Telephone and fax machine. 
Postage 
The District incurs charges for mailing of Board meeting agendas, overnight deliveries, 
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. 
6

INDIGO 
Community Development District 
FY2024 Proposed Budget 
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 
The District incurs charges for 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 Solaris Management Inc. 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 
1452 N US HWY 1, Suite 102 $500 $6,000 
TOTAL $6,000 
Maintenance: 
Operating Expense I-95 
Landscape Maintenance 
The District has contracted with Team Rountree, Inc. to maintain the common areas of 
the District. 
Description Monthly Annually 
Landscape Maintenance - I-95 $4,410 $52,920 
Contingency $2,646 
TOTAL $55,566 
7

INDIGO 
Community Development District 
FY2024 Proposed Budget 
Landscape Contingency 
Represents estimated costs for any additional landscape expenses not covered under 
the monthly landscape maintenance contract. 
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 $429 $5,146 
Semi-Annual Fountain/Aeration Maintenance $766 
TOTAL $5,912 
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 $1,250 $15,000 
LPGA Blvd # NEC I-95 # Fountain $900 $10,800 
Contingency $1,200 
TOTAL $27,000 
Repairs 
Reflects expenditures related to the entrance lighting, fountains and any other 
miscellaneous maintenance repairs. 
8

INDIGO 
Community Development District 
FY2024 Proposed Budget 
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 Solaris Management Inc. for field management 
services. 
Description Monthly Annually 
Field Management Services $2,650 $31,800 
Contingency $1,590 
TOTAL $33,390 
Landscape Maintenance 
The District has contracted with Team Rountree, Inc. to maintain the common areas of 
the District. 
Description Monthly Annually 
Landscape Maintenance - Community Wide $36,652 $439,828 
Mowing $1,995 $23,940 
Contingency $23,188 
TOTAL $486,957 
Landscape Maintenance (New Area) 
The District will contract to maintain The Preserve at LPGA common area of the 
District.. 
Description Monthly Annually 
Landscape Maintenance - The Preserve at LPGA $8,452 $101,424 
TOTAL $101,424 
Landscape Contingency 
Represents estimated costs for any additional landscape expenses not covered under 
the monthly landscape maintenance contract. 
9

INDIGO 
Community Development District 
FY2024 Proposed Budget 
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 $3,523 $42,281 
TOTAL $42,281 
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 $725 $8,700 
1 Champions Dr # Entrance $255 $3,060 
230 Champions Dr $135 $1,620 
579 Champions Dr # Site Lights $135 $1,620 
654 Champions Dr # Site Lights $80 $960 
795 Champions Dr # Site Lights $85 $1,020 
937 Champions Dr # Site Lights $80 $960 
977 Champions Dr # Site Lights $130 $1,560 
10 Champion Ridge Dr # Fountain $650 $7,800 
105 Grand Champion Blvd # Sign $225 $2,700 
106 Glen Eagle Grand Dr # Irrigation $30 $360 
100 International Golf Dr # Lights $250 $3,000 
399 International Golf Dr # Site Lights $85 $1,020 
248 Tournament Dr # Site Lights $55 $660 
360 Tournament Dr # Irrigation Pump $85 $1,020 
499 Tournament Dr # Entrance $100 $1,200 
Contingency $2,740 
TOTAL $40,000 
10

INDIGO 
Community Development District 
FY2024 Proposed Budget 
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. 
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. 
Description Monthly Annually 
Conservation Easement Maintenance Underbrush $4,185 $50,224 
Contingency $2,511 
TOTAL $52,735 
Tree Trimming 
Contract for trimming of District “Street Trees” abutting roadways. 
Description Monthly Annually 
Tree Trimming $3,780 $45,360 
Contingency $2,268 
TOTAL $47,628 
Pressure Washing 
Estimated cost to pressure wash are areas within the District as needed. 
11

Indigo Debt Service Fund 
Community Development District Series 1999A 
Adopted Actual Projected Total Proposed 
Budget Thru Next as of Budget 
Description FY2023 4/30/23 5 Months 9/30/23 FY2024 
Revenues 
Assessments - Tax Roll $72,750 $70,658 $1,833 $72,492 $72,750 
Carry Forward Surplus $46,608 $46,692 $0 $46,692 $49,004 
Interest $0 $1,919 $1,151 $3,071 $2,303 
TOTAL REVENUES $119,358 $119,269 $2,985 $122,254 $124,057 
Expenditures 
Series 1999A 
Interest - 11/1 $16,625 $16,625 $0 $16,625 $15,225 
Principal - 5/1 $40,000 $0 $40,000 $40,000 $40,000 
Interest - 5/1 $16,625 $0 $16,625 $16,625 $15,225 
TOTAL EXPENDITURES $73,250 $16,625 $56,625 $73,250 $70,450 
EXCESS REVENUES/(EXPENDITURES) $46,108 $102,644 ($53,640) $49,004 $53,607 
Nov. 1, 2024 $13,825 
Net Assessments $72,750 
Add: Discount & Collections 6% $4,644 
Gross Assessments $77,394 
12

Indigo Amortization Schedule 
Community Development District Series 1999A, Capital Improvement Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
5/1/23 $ 475,000.00 7.00% $ 40,000 $ 16,625.00 $ - 
11/1/23 $ 435,000.00 7.00% $ - $ 15,225.00 $ 71,850.00 
5/1/24 $ 435,000.00 7.00% $ 40,000 $ 15,225.00 $ - 
11/1/24 $ 395,000.00 7.00% $ - $ 13,825.00 $ 69,050.00 
5/1/25 $ 395,000.00 7.00% $ 45,000 $ 13,825.00 $ - 
11/1/25 $ 350,000.00 7.00% $ - $ 12,250.00 $ 71,075.00 
5/1/26 $ 350,000.00 7.00% $ 50,000 $ 12,250.00 $ - 
11/1/26 $ 300,000.00 7.00% $ - $ 10,500.00 $ 72,750.00 
5/1/27 $ 300,000.00 7.00% $ 50,000 $ 10,500.00 $ - 
11/1/27 $ 250,000.00 7.00% $ - $ 8,750.00 $ 69,250.00 
5/1/28 $ 250,000.00 7.00% $ 55,000 $ 8,750.00 $ - 
11/1/28 $ 195,000.00 7.00% $ - $ 6,825.00 $ 70,575.00 
5/1/29 $ 195,000.00 7.00% $ 60,000 $ 6,825.00 $ - 
11/1/29 $ 135,000.00 7.00% $ - $ 4,725.00 $ 71,550.00 
5/1/30 $ 135,000.00 7.00% $ 65,000 $ 4,725.00 $ - 
11/1/30 $ 70,000.00 7.00% $ - $ 2,450.00 $ 72,175.00 
5/1/31 $ 70,000.00 7.00% $ 70,000 $ 2,450.00 $ 72,450.00 
Total $ 475,000 $ 165,725.00 $ 640,725.00 
13

Indigo Debt Service Fund 
Community Development District Series 1999C 
Adopted Actual Projected Total Proposed 
Budget Thru Next as of Budget 
Description FY2023 4/30/23 5 Months 9/30/23 FY2024 
Revenues 
Assessments $567,166 $299,831 $77,831 $377,662 $377,662 
Interest $100 $35,106 $21,064 $56,170 $25,000 
Other Income Source $375,434 $0 $0 $0 $524,988 
TOTAL REVENUES $942,700 $334,937 $98,895 $433,832 $927,650 
Expenditures 
Series 1999C 
Debt Service Obligation $924,225 $233,100 $0 $233,100 $927,650 
Other Debt Service Costs $0 $14,365 $0 $14,365 $0 
TOTAL EXPENDITURES $924,225 $247,465 $0 $247,465 $927,650 
EXCESS REVENUES/(EXPENDITURES) $18,475 $87,472 $98,895 $186,367 $0 
Nov. 1, 2024 $158,725 
Net Assessments $377,662 
Add: Discount & Collections 6% $24,106 
Gross Assessments $401,768 
14

Indigo Debt Service Fund 
Community Development District Series 2005 
Adopted Actual Projected Total Proposed 
Budget Thru Next as of Budget 
Description FY2023 4/30/23 5 Months 9/30/23 FY2024 
Revenues 
Assessments $268,908 $135,884 $184,482 $320,367 $320,367 
Interest $150 $56,842 $3,405 $60,247 $20,000 
Other Income Source $310,567 $0 $0 $0 $227,258 
TOTAL REVENUES $579,625 $192,726 $187,887 $380,614 $567,625 
Expenditures 
Series 2005 
Debt Service Obligation $571,231 $171,638 $0 $171,638 $567,625 
Other Debt Service Costs $0 $15,982 $0 $15,982 $0 
TOTAL EXPENDITURES $571,231 $187,619 $0 $187,619 $567,625 
EXCESS REVENUES/(EXPENDITURES) $8,394 $5,107 $187,887 $192,994 ($0) 
Nov. 1, 2024 $142,025 
Net Assessments $320,367 
Add: Discount & Collections 6% $20,449 
Gross Assessments $340,816 
15

Indigo Debt Service Fund 
Community Development District Series 2021 
Adopted Actual Projected Total Proposed 
Budget Thru Next as of Budget 
Description FY2023 4/30/23 5 Months 9/30/23 FY2024 
Revenues 
Assessments - On Roll $156,614 $154,598 $2,011 $156,609 $156,614 
Carry Forward Surplus $48,149 $48,180 $0 $48,180 $50,300 
Interest $0 $2,263 $1,358 $3,621 $2,716 
TOTAL REVENUES $204,763 $205,041 $3,369 $208,410 $209,630 
Expenditures 
Series 2021 
Interest - 11/1 $48,144 $48,144 $0 $48,144 $47,484 
Principal - 5/1 $60,000 $0 $60,000 $60,000 $60,000 
Interest - 5/1 $48,144 $0 $48,144 $48,144 $47,484 
Transfer Out $0 $1,142 $679 $1,821 $0 
TOTAL EXPENDITURES $156,289 $49,286 $108,823 $158,110 $154,969 
EXCESS REVENUES/(EXPENDITURES) $48,474 $155,755 ($105,454) $50,300 $54,661 
Nov. 1, 2024 $46,824 
Net Assessments $156,614 
Add: Discount & Collections 6% $9,997 
Gross Assessments $166,611 
16

Date Balance Principal Interest Annual 
5/1/23 $ 2,815,000 $ 60,000 $ 48,144.38 $ - 
11/1/23 $ 2,755,000 $ - $ 47,484.38 $ 155,628.75 
5/1/24 $ 2,755,000 $ 60,000 $ 47,484.38 $ - 
11/1/24 $ 2,695,000 $ - $ 46,824.38 $ 154,308.75 
5/1/25 $ 2,695,000 $ 60,000 $ 46,824.38 $ - 
11/1/25 $ 2,635,000 $ - $ 46,164.38 $ 152,988.75 
5/1/26 $ 2,635,000 $ 65,000 $ 46,164.38 $ - 
11/1/26 $ 2,570,000 $ - $ 45,449.38 $ 156,613.75 
5/1/27 $ 2,570,000 $ 65,000 $ 45,449.38 $ - 
11/1/27 $ 2,505,000 $ - $ 44,571.88 $ 155,021.25 
5/1/28 $ 2,505,000 $ 65,000 $ 44,571.88 $ - 
11/1/28 $ 2,440,000 $ - $ 43,694.38 $ 153,266.25 
5/1/29 $ 2,440,000 $ 70,000 $ 43,694.38 $ - 
11/1/29 $ 2,370,000 $ - $ 42,749.38 $ 156,443.75 
5/1/30 $ 2,370,000 $ 70,000 $ 42,749.38 $ - 
11/1/30 $ 2,300,000 $ - $ 41,804.38 $ 154,553.75 
5/1/31 $ 2,300,000 $ 70,000 $ 41,804.38 $ - 
11/1/31 $ 2,230,000 $ - $ 40,859.38 $ 152,663.75 
5/1/32 $ 2,230,000 $ 75,000 $ 40,859.38 $ - 
11/1/32 $ 2,155,000 $ - $ 39,687.50 $ 155,546.88 
5/1/33 $ 2,155,000 $ 75,000 $ 39,687.50 $ - 
11/1/33 $ 2,080,000 $ - $ 38,515.63 $ 153,203.13 
5/1/34 $ 2,080,000 $ 80,000 $ 38,515.63 $ - 
11/1/34 $ 2,000,000 $ - $ 37,265.63 $ 155,781.25 
5/1/35 $ 2,000,000 $ 80,000 $ 37,265.63 $ - 
11/1/35 $ 1,920,000 $ - $ 36,015.63 $ 153,281.25 
5/1/36 $ 1,920,000 $ 85,000 $ 36,015.63 $ - 
11/1/36 $ 1,835,000 $ - $ 34,687.50 $ 155,703.13 
5/1/37 $ 1,835,000 $ 85,000 $ 34,687.50 $ - 
11/1/37 $ 1,750,000 $ - $ 33,359.38 $ 153,046.88 
5/1/38 $ 1,750,000 $ 90,000 $ 33,359.38 $ - 
11/1/38 $ 1,660,000 $ - $ 31,953.13 $ 155,312.50 
5/1/39 $ 1,660,000 $ 90,000 $ 31,953.13 $ - 
11/1/39 $ 1,570,000 $ - $ 30,546.88 $ 152,500.00 
5/1/40 $ 1,570,000 $ 95,000 $ 30,546.88 $ - 
11/1/40 $ 1,475,000 $ - $ 29,062.50 $ 154,609.38 
5/1/41 $ 1,475,000 $ 100,000 $ 29,062.50 $ - 
11/1/41 $ 1,375,000 $ - $ 27,500.00 $ 156,562.50 
5/1/42 $ 1,375,000 $ 100,000 $ 27,500.00 $ - 
11/1/42 $ 1,275,000 $ - $ 25,500.00 $ 153,000.00 
5/1/43 $ 1,275,000 $ 105,000 $ 25,500.00 $ - 
11/1/43 $ 1,170,000 $ - $ 23,400.00 $ 153,900.00 
5/1/44 $ 1,170,000 $ 110,000 $ 23,400.00 $ - 
11/1/44 $ 1,060,000 $ - $ 21,200.00 $ 154,600.00 
5/1/45 $ 1,060,000 $ 115,000 $ 21,200.00 $ - 
11/1/45 $ 945,000 $ - $ 18,900.00 $ 155,100.00 
5/1/46 $ 945,000 $ 120,000 $ 18,900.00 $ - 
11/1/46 $ 825,000 $ - $ 16,500.00 $ 155,400.00 
5/1/47 $ 825,000 $ 125,000 $ 16,500.00 $ - 
11/1/47 $ 700,000 $ - $ 14,000.00 $ 155,500.00 
5/1/48 $ 700,000 $ 130,000 $ 14,000.00 $ - 
11/1/48 $ 570,000 $ - $ 11,400.00 $ 155,400.00 
5/1/49 $ 570,000 $ 135,000 $ 11,400.00 $ - 
11/1/49 $ 435,000 $ - $ 8,700.00 $ 155,100.00 
5/1/50 $ 435,000 $ 140,000 $ 8,700.00 $ - 
11/1/50 $ 295,000 $ - $ 5,900.00 $ 154,600.00 
5/1/51 $ 295,000 $ 145,000 $ 5,900.00 $ - 
11/1/51 $ 150,000 $ - $ 3,000.00 $ 153,900.00 
5/1/52 $ 150,000 $ 150,000 $ 3,000.00 $ 153,000.00 
Totals $ 2,815,000 $ 1,821,535.63 $ 4,636,535.63 
(Term Bonds Combined) 
Amortization Schedule 
Indigo 
Series 2021, Capital Improvement Revenue Bonds 
17

SIXTH ORDER OF BUSINESS 



C. 

£isa£ewis 
Suyervisor of ~Cections 
County of YoCusia 


April 18, 2023 

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 2,077 registered 
voters in this district as of April 15, 2023. 

Please feel free to contact me if you have any questions. 


Lisa Lewis 
Supervisor of Elections 

1750 S. Woodland Blvd., DeLand, FL 32720-7915 
(386) 736-5930 • FAX (386) 822-5715 
www.volusiaelections.gov 


EIGHTH ORDER OF BUSINESS 



Indigo 


Community Development District 

Summary of Invoices 

March 22, 2023 to May 17, 2023 

Fund Date Check No.'s Amount 

General Fund 4/5/23 
4/11/23 
4/18/23 
4/26/23 
5/4/23 
5015-5020 
5021 
5022-5025 
5026-5027 
5028-5032 
$ 
$ 
$ 
$ 
$ 
12,311.33 
5,916.86 
71,132.73 
7,982.50 
20,903.61 
$ 118,247.03 
Payroll March 2023 
John McCarthy 
Kenneth Workowski 
Kevin Kilian 
Mark McCommon 
Ronald Brown 
50626 
50627 
50628 
50629 
50630 
$ 
$ 
$ 
$ 
$ 
184.70 
184.70 
184.70 
159.70 
184.70 
$ 898.50 
$ 119,145.53 


AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 5/17/23 PAGE 
1 
*** CHECK DATES 03/22/2023 - 05/17/2023 *** 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 
#


 4/05/23 00034 3/24/23 18318259 202303 330-53800-46000 * 745.00 
RPLC CTR ISLND LGHT/4WALL 
3/24/23 18318260 202303 330-53800-46000 * 797.00 
RPLC CAPS/4 FIXTURE/WIRE 
COURTEAUX ELECTRIC, INC. 1,542.00 005015 


4/05/23 00181 
3/31/23 3197331 202302 310-51300-31500 * 192.50 
MONITOR 2023 LEGISLATIVE 
KUTAK ROCK LLP 192.50 005016 


4/05/23 00169 
4/04/23 1 202304 330-53800-46000 * 2,600.00 
PAINT ENTRANCE/MONUMENTS 
RANDY J JONES 2,600.00 005017 


4/05/23 00031 
3/31/23 7366 202303 330-53800-46000 * 1,138.11 
LPGA MTHLY REPAIRS/MAINT 
3/31/23 7366 202303 320-53800-46000 * 123.06 
I-95 TSTING/RPLCING BULBS 
SKY'S THE LIMIT HANDYMAN SVCS, INC. 1,261.17 005018 


4/05/23 00159 
3/28/23 23-331 202303 330-53800-12000 * 2,650.00 
SITE MGMT SERVICES MAR23 
3/28/23 23-331 202303 310-51300-42500 * 55.66 
UPS-COLOR COPIES FOR MTG 
3/28/23 23-401 202304 310-51300-44000 * 500.00 
OFFICE LEASE APR23 
SOLARIS MANAGEMENT INC. 3,205.66 005019 


4/05/23 00160 
3/22/23 27800 202303 330-53800-46600 * 425.00 
RMV PINE BEHIND 5 ACCLAIM 
3/23/23 27802 202303 330-53800-46600 * 775.00 
RMV PINE BEHIND 7 ACCLAIM 
3/28/23 27806 202303 330-53800-46000 * 2,310.00 
INST.6PALLETS OF FLORATAM 
TEAM ROUNTREE, INC. 3,510.00 005020 


4/11/23 00093 
4/01/23 250 202304 310-51300-34000 * 4,943.75 
MANAGEMENT FEES APR23 
4/01/23 250 202304 310-51300-35200 * 100.00 
WEBSITE ADMIN APR23 
4/01/23 250 202304 310-51300-35100 * 233.33 
INFORMATION TECH APR23 
4/01/23 250 202304 310-51300-31300 * 550.00 
DISSEMINATION FEE APR23 
4/01/23 250 202304 310-51300-51000 * 20.15 
OFFICE SUPPLIES 


INDI INDIGO TVISCARRA 



AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 5/17/23 PAGE 
*** CHECK DATES 03/22/2023 - 05/17/2023 *** 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 
# 


4/01/23 250 202304 310-51300-42000 * 1.98 
POSTAGE 
4/01/23 250 202304 310-51300-42500 * 67.65 
COPIES 
GOVERNMENTAL MANAGEMENT SERVICES 5,916.86 005021 


4/18/23 00015 
4/01/23 PSI-6102 202304 320-53800-46800 * 383.06 
SEMMI-ANN.FOUNT/AERATION 
4/01/23 PSI-6452 202304 330-53800-46800 * 3,523.40 
LAKE/WETLAND SRVCS-APR23 
4/01/23 PSI-6493 202304 320-53800-46800 * 441.73 
LAKE/WETLAND SRVCS-APR23 
SOLITUDE LAKE MANAGEMENT LLC 4,348.19 005022 


4/18/23 00017 
3/15/23 5457178 202303 310-51300-48000 * 231.00 
NOT.OF MEETING 03/29/23 
DAYTONA BEACH NEWS-JOURNAL 231.00 005023 


4/18/23 00160 
3/31/23 27834 202303 330-53800-46100 
RPLC 6ROTORS/11POPUP/2POP 
3/31/23 27834 202303 330-53800-46100 
RPLC 9POPUP/8ROTORS/3POP 
4/01/23 27817 202304 330-53800-46900 
CONSRV EASE MAINT UDRBRSH 
* 
* 
* 
810.50 
1,012.00 
4,185.30 
4/01/23 27819 202304 330-53800-46200 
MONTHLY MOWING APR23 
* 1,995.00 
4/01/23 27820 202304 330-53800-46200 
MTHLY GROUNDS MAINT APR23 
* 36,652.35 
4/01/23 27820 202304 320-53800-46200 
MTHLY GROUNDS MAINT APR23 
* 4,410.00 
4/01/23 27820 202304 330-53800-46600 
PRESS.WASH 4 MONUMENT APR 
* 551.25 
4/01/23 27820 202304 330-53800-47000 
MTHLY OAK TRIMMING APR23 
* 3,780.00 
4/01/23 27829 202304 330-53800-46200 
PRESERVE-GRND MAINT APR23 
* 8,452.00 
4/06/23 27837 202303 320-53800-63100 
FLOWER ROTATION 03/30/23 
* 4,295.00 

TEAM ROUNTREE, INC. 66,143.40 005024 


4/18/23 00130 
4/17/23 90174381 202304 320-53800-49000 * 205.07 
RENT STORAGE 04/17-05/16 
4/17/23 90174381 202304 330-53800-49000 * 205.07 
RENT STORAGE 04/17-05/16 
WILLIAMS SCOTSMAN, INC. 410.14 005025 


INDI INDIGO TVISCARRA 



AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 5/17/23 PAGE 
*** CHECK DATES 03/22/2023 - 05/17/2023 *** 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 
#


 4/26/23 00159 4/26/23 23-430 202304 330-53800-12000 * 2,650.00 
SITE MGMT SERVICES APR23 
4/26/23 23-430 202304 330-53800-46000 * 850.00 
PAINT PERFECT-PAINT MONUM 
4/26/23 23-501 202304 300-15500-10000 * 500.00 
OFFICE LEASE MAY23 
SOLARIS MANAGEMENT INC. 4,000.00 005026 


4/26/23 00160 
4/12/23 27840 202304 330-53800-63100 * 1,495.00 
INSTALLATION OF BEGONIAS 
4/16/23 27852 202304 330-53800-46100 * 392.50 
RPLC ROTOR/SPRAY/BUBBLER 
4/18/23 27842 202304 330-53800-46600 * 1,155.00 
RPLC 3PALLETS OF SOD/CHMP 
4/18/23 27846 202304 330-53800-63100 * 288.00 
INST.12COPPER LEAF REDS 
4/18/23 27846 202304 330-53800-63100 * 185.00 
INST.1-15GAL SAGO PALM 
4/18/23 27846 202304 330-53800-63100 * 467.00 
INST.BUSHED/FAX TAIL/DAZE 
TEAM ROUNTREE, INC. 3,982.50 005027 


5/04/23 00015 
5/01/23 PSI-7248 202305 320-53800-46800 * 441.73 
LAKE/WETLAND SRVCS-MAY23 
5/01/23 PSI-7511 202305 330-53800-46800 * 3,523.40 
LAKE/WETLAND SRVCS-MAY23 
SOLITUDE LAKE MANAGEMENT LLC 3,965.13 005028 


5/04/23 00093 
5/01/23 251 202305 310-51300-34000 * 4,943.75 
MANAGEMENT FEES MAY23 
5/01/23 251 202305 310-51300-35200 * 100.00 
WEBSITE ADMIN MAY23 
5/01/23 251 202305 310-51300-35100 * 233.33 
INFORMATION TECH MAY23 
5/01/23 251 202305 310-51300-31300 * 550.00 
DISSEMINATION FEE MAY23 
5/01/23 251 202305 310-51300-51000 * .03 
OFFICE SUPPLIES 
5/01/23 251 202305 310-51300-42000 * .60 
POSTAGE 
5/01/23 251 202305 310-51300-42500 * 1.80 
COPIES 
5/01/23 251 202305 310-51300-41000 * 17.59 
TELEPHONE 
GOVERNMENTAL MANAGEMENT SERVICES 5,847.10 005029 


INDI INDIGO TVISCARRA 



AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 5/17/23 PAGE 
*** CHECK DATES 03/22/2023 - 05/17/2023 *** 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 
#


 5/04/23 00181 4/28/23 3210623 202303 310-51300-31500 * 1,170.16 
MTG/UTILITY EASE/2023 LEG 
KUTAK ROCK LLP 1,170.16 005030 


5/04/23 00031 
4/30/23 7401 202304 330-53800-46000 * 523.86 
LPGA MTHLY REPAIRS/MAINT 
4/30/23 7401 202304 320-53800-46000 * 83.06 
I-95 TSTING/RPLCING BULBS 
SKY'S THE LIMIT HANDYMAN SVCS, INC. 606.92 005031 


5/04/23 00160 
4/01/23 27818 202304 330-53800-46000 * 1,500.00 
MTHLY MNT FOUNT 1-4 APR23 
4/26/23 27855 202304 330-53800-63100 * 363.00 
INST.22 PLANT BEHIND MONU 
5/01/23 27868 202305 330-53800-46900 * 4,185.30 
CONSRV.EASE.MAINT.UDRBRSH 
5/01/23 27870 202305 330-53800-46200 * 1,995.00 
MONTHLY MOWING MAY23 
5/02/23 27887 202304 330-53800-63100 * 1,271.00 
INST.EVERGREEN/LORO/RED 
L 
TEAM ROUNTREE, INC. 9,314.30 005032 


TOTAL FOR BANK A 118,247.03 


TOTAL FOR REGISTER 118,247.03 


INDI INDIGO TVISCARRA 



NINTH ORDER OF BUSINESS 



Indigo 
Community Development District 
Unaudited Financial Reporting 
April 30, 2023 
• • • • • • • • • • • • 
•• ••••• •• 
• • • • • • • • • • • • • • • 

1 
2-3 
4
5
6
7
8
9 
10-11 
12 
Capital Projects Fund Series 1999A Income Statement 
Debt Service Fund Series 2021 Income Statement 
Capital Projects Fund Series 2021 Income Statement 
Month to Month 
Assessment Receipt Schedule 
Table of Contents 
Debt Service Fund Series 1999A Income Statement 
General Fund Income Statement 
Balance Sheet 
Debt Service Fund Series 1999C Income Statement 
Debt Service Fund Series 2005 Income Statement

Combined Balance Sheet 
Totals 
General General Long- (memorandum only) 
Assets General Debt Service Capital Projects Fixed Assets Term Debt 2023 
Cash $829,097 ---- ---- ---- ---- $829,097 
Assessment Receivable $3,000 ---- ---- ---- ---- $3,000 
Prepaid Expense $500 ---- ---- ---- ---- $500 
Investments 
Custodial Operating Account $170,234 ---- ---- ---- ---- $170,234 
State Board of Administration - Operating $8,202 ---- ---- ---- ---- $8,202 
State Board of Administration - Reserve $558,065 ---- ---- ---- ---- $558,065 
Series 1999A
Reserve Account ---- $80,675 ---- ---- ---- $80,675 
Revenue Account ---- $102,644 ---- ---- ---- $102,644 
Construction ---- ---- $150,193 ---- ---- $150,193 
Series 1999C
Reserve Account ---- $59,586 ---- ---- ---- $59,586 
Revenue Account ---- $1,252,337 ---- ---- ---- $1,252,337 
Redemption Account ---- $790,936 ---- ---- ---- $790,936 
Remedial Expenditure ---- $0 ---- ---- ---- $0 
Series 2005 
Reserve Account ---- $61,370 ---- ---- ---- $61,370 
Escrow Deposit Fund ---- $10,038 ---- ---- ---- $10,038 
Prepayment Account ---- $1,215,952 ---- ---- ---- $1,215,952 
Revenue Account ---- $2,025,832 ---- ---- ---- $2,025,832 
Remedial Expenditure ---- $0 ---- ---- ---- $0 
Series 2021 
Reserve Account ---- $78,307 ---- ---- ---- $78,307 
Revenue Account ---- $155,755 ---- ---- ---- $155,755 
Construction ---- ---- $1,210 ---- ---- $1,210 
Fixed Assets ---- ---- ---- $8,305,270 ---- $8,305,270 
Amount Available/Long-Term Debt ---- ---- ---- ---- $5,833,432 $5,833,432 
Amount to be Provided/Long Term Debt 1999A ---- ---- ---- ---- $411,681 $411,681 
Amount to be Provided/Long Term Debt 1999C ---- ---- ---- ---- $4,557,141 $4,557,141 
Amount to be Provided/Long Term Debt 2005 ---- ---- ---- ---- $2,656,808 $2,656,808 
Amount to be Provided/Long Term Debt 2021 ---- ---- ---- ---- $2,580,938 $2,580,938 
Total Assets $1,569,098 $5,833,432 $151,403 $8,305,270 $16,040,000 $31,899,202 
Liabilities 
Accounts Payable $4,911 ---- ---- ---- ---- $4,911 
Accrued Principal Payment 1999C ---- $1,590,000 ---- ---- ---- $1,590,000 
Accrued Interest Payment 1999C ---- $5,075 ---- ---- ---- $5,075 
Accrued Principal Payment 2005 ---- $820,000 ---- ---- ---- $820,000 
Accrued Interest Payment 2005 ---- $2,486,294 ---- ---- ---- $2,486,294 
Bonds Payable 1999A ---- ---- ---- ---- $595,000 $595,000 
Bonds Payable 1999C ---- ---- ---- ---- $6,660,000 $6,660,000 
Bonds Payable 2005 ---- ---- ---- ---- $5,970,000 $5,970,000 
Bonds Payable 2021 ---- ---- ---- ---- $2,815,000 $2,815,000 
Due to Other $118,709 ---- ---- ---- ---- $118,709 
Fund Equity, Other Credits 
Investments in General Fixed Assets ---- ---- ---- $8,305,270 ---- $8,305,270 
Fund BalancesR
estricted for Debt Service 1999A/B ---- $183,319 ---- ---- ---- $183,319 
Restricted for Debt Service 1999C ---- $507,784 ---- ---- ---- $507,784 
Restricted for Debt Service 2005 ---- $6,898 ---- ---- ---- $6,898 
Restricted for Debt Service 2021 ---- $234,062 ---- ---- ---- $234,062 
Restricted for Capital Projects 1999A/B ---- ---- $150,193 ---- ---- $150,193 
Restricted for Capital Projects 2021 ---- ---- $1,210 ---- ---- $1,210 
Assigned for General Fund $450,000 ---- ---- ---- ---- $450,000 
Unassigned General Fund $995,478 ---- ---- ---- ---- $995,478 
Total Liabilities, Fund Equity $1,569,098 $5,833,432 $151,403 $8,305,270 $16,040,000 $31,899,202 
Community Development District 
Indigo 
As of April 30, 2023 
Governmental Funds Account Groups 
1

INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND 
Statement of Revenues & Expenditures 
General Fund Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Maintenance Assessments $653,640 $481,652 $481,652 $0 
City of Daytona Funding $8,100 $0 $0 $0 
Interest Income $3,000 $1,750 $35,079 $33,329 
TOTAL REVENUES $664,740 $483,402 $516,731 $33,329 
EXPENDITURES: 
ADMINISTRATIVE: 
Supervisor Fees $12,000 $7,000 $3,800 $3,200 
FICA Expense $918 $536 $291 $245 
Engineering $5,000 $2,917 $0 $2,917 
Attorney $32,000 $18,667 $4,812 $13,855 
Annual Audit $6,100 $0 $0 $0 
Arbitrage $1,350 $1,350 $1,350 $0 
Trustee $8,500 $8,130 $8,130 $0 
Dissemination Agent $6,600 $3,850 $3,850 $0 
Special Assessment Roll Preparation $20,000 $20,000 $20,000 $0 
Management Fees $59,325 $34,606 $34,606 $0 
Information Technology $2,800 $1,633 $1,633 $0 
Website Administration $1,200 $700 $700 $0 
Telephone $300 $175 $32 $143 
Postage $1,000 $583 $78 $506 
Insurance $26,050 $26,050 $23,668 $2,382 
Printing & Binding $1,750 $1,021 $479 $542 
Legal Advertising $2,500 $1,458 $801 $657 
Other Current Charges $1,000 $583 $739 ($156) 
Office Supplies $350 $204 $102 $102 
Foreclosure Costs $0 $0 $0 $0 
Dues, Licenses, Subscriptions $175 $175 $175 $0 
Office Expense $6,000 $3,500 $3,500 $0 
TOTAL ADMINISTRATIVE $194,918 $133,138 $108,746 $24,392 
FIELD: 
Operating Expenses I-95 
Landscape Maintenance $52,920 $30,870 $30,870 ($0) 
Landscape Contingency $3,500 $2,042 $0 $2,042 
Irrigation Repairs & Maintenance $20,000 $11,667 $239 $11,428 
Mowing $8,100 $4,725 $0 $4,725 
Lakes $5,862 $3,420 $3,845 ($426) 
Plant Replacement & Annuals $8,000 $4,667 $4,295 $372 
Utilities $18,000 $10,500 $12,234 ($1,734) 
Repairs $10,000 $5,833 $2,510 $3,324 
Miscellaneous $2,461 $1,436 $1,435 $0 
Operating Expenses I-95 $128,843 $75,158 $55,429 $19,729 
As of April 30, 2023 
2

INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND 
Statement of Revenues & Expenditures 
General Fund Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
Operating Expenses Community Wide 
Site Manager $33,390 $19,478 $18,550 $928 
Landscape Maintenance $463,768 $270,531 $329,305 ($58,774) 
Landscape Contingency $25,000 $14,583 $21,209 ($6,625) 
Irrigation Repairs & Maintenance $35,000 $20,417 $14,717 $5,700 
Lakes $41,049 $23,945 $24,561 ($616) 
Plant Replacement & Annuals $35,000 $20,417 $12,228 $8,188 
Utilities $40,000 $23,333 $21,407 $1,927 
Repairs $57,800 $33,717 $30,825 $2,892 
Stormwater System $3,158 $1,842 $0 $1,842 
Sidewalks $3,000 $1,750 $0 $1,750 
Miscellaneous $10,000 $5,833 $4,452 $1,381 
Conservation Easement Maintenance $50,224 $29,297 $29,297 $0 
Tree Trimming $45,360 $26,460 $26,460 $0 
Pressure Washing $10,000 $5,833 $0 $5,833 
Hurricane Expense $0 $0 $107,609 ($107,609) 
Operating Expenses Community Wide $852,748 $497,437 $640,621 ($143,184) 
TOTAL FIELD $981,591 $572,595 $696,049 ($123,455) 
TOTAL EXPENDITURES $1,176,509 $705,733 $804,795 ($99,062) 
EXCESS REVENUES/ 
(EXPENDITURES) AND OTHER SOURCES ($511,769) ----- ($288,064) ----- 
FUND BALANCE - BEGINNING $511,769 ----- $1,733,542 ----- 
FUND BALANCE - ENDING ($0) ----- $1,445,478 ----- 
3

INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
DEBT SERVICE FUND 
Series 1999A 
Statement of Revenues & Expenditures 
As of April 30, 2023 
Debt Service Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Special Assessments $72,750 $70,658 $70,658 $0 
Interest Income $0 $0 $1,919 $1,919 
TOTAL REVENUES $72,750 $70,658 $72,578 $1,919 
EXPENDITURES: 
Interest Expense - 11/01 $16,625 $16,625 $16,625 $0 
Principal Expense - 5/01 $40,000 $0 $0 $0 
Interest Expense - 5/01 $16,625 $0 $0 $0 
TOTAL EXPENDITURES $73,250 $16,625 $16,625 $0 
OTHER SOURCES/(USES) 
Other Debt Service Costs $0 $0 $0 $0 
TOTAL OTHER $0 $0 $0 $0 
EXCESS REVENUES/ 
(EXPENDITURES) AND OTHER SOURCES ($500) ----- $55,953 ----- 
FUND BALANCE - BEGINNING $46,608 ----- $127,367 ----- 
FUND BALANCE - ENDING $46,108 ----- $183,319 ----- 
Fund Balance Calculation 
Reserve $80,675 
Revenue $102,644 
Total Series 1999A Funds Available $183,319 
4

INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
DEBT SERVICE FUND 
Series 1999C 
Statement of Revenues & Expenditures 
As of April 30, 2023 
Debt Service Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Special Assessments $567,166 $299,831 $299,831 $0 
Interest Income $100 $58 $35,106 $35,048 
Other Income Source $375,434 $0 $0 $0 
TOTAL REVENUES $942,700 $299,889 $334,937 $35,048 
EXPENDITURES: 
Debt Service Obligation $924,225 $233,100 $233,100 $0 
TOTAL EXPENDITURES $924,225 $233,100 $233,100 $0 
OTHER SOURCES/(USES) 
Other Debt Service Costs $0 $0 ($14,365) ($14,365) 
Transfer Out $0 $0 $0 $0 
TOTAL OTHER $0 $0 ($14,365) ($14,365) 
EXCESS REVENUES 
(EXPENDITURES) AND OTHER SOURCES $18,475 ----- $87,472 ----- 
FUND BALANCE - BEGINNING $0 ----- $420,312 ----- 
FUND BALANCE - ENDING $18,475 ----- $507,784 ----- 
Fund Balance Calculation 
Reserve $59,586 
Revenue $1,252,337 
Redemption $790,936 
Remedial Expenditure $0 
Accrued Interest Payable ($5,075) 
Accrued Principal Payable ($1,590,000) 
Total Series 1999C Funds Available $507,784
5

INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
DEBT SERVICE FUND 
Series 2005 
Statement of Revenues & Expenditures 
As of April 30, 2023 
Debt Service Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Special Assessments $268,908 $135,884 $135,884 $0 
Interest Income $150 $88 $56,842 $56,754 
Other Income Source $310,567 $0 $0 $0 
TOTAL REVENUES $579,625 $135,972 $192,726 $56,754 
EXPENDITURES: 
Debt Service Obligation $571,231 $171,638 $171,638 $0 
TOTAL EXPENDITURES $571,231 $171,638 $171,638 $0 
OTHER SOURCES/(USES) 
Other Debt Service Costs $0 $0 ($15,982) ($15,982) 
Transfer In $0 $0 $0 $0 
TOTAL OTHER $0 $0 ($15,982) ($15,982) 
EXCESS REVENUES 
(EXPENDITURES) AND OTHER SOURCES $8,394 ----- $5,107 ----- 
FUND BALANCE - BEGINNING $0 ----- $1,791 ----- 
FUND BALANCE - ENDING $8,394 ----- $6,898 ----- 
Fund Balance Calculation 
Reserve $61,370 
Escrow Deposit Fund $10,038 
Prepayment $1,215,952 
Revenue $2,025,832 
Remedial Expenditure $0 
Accrued Interest Payable ($2,486,294) 
Accrued Principal Payable ($820,000) 
Total Series 2005 Funds Available $6,898
6

INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
DEBT SERVICE FUND 
Series 2021 
Statement of Revenues & Expenditures 
As of April 30, 2023 
Debt Service Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Special Assessments $156,614 $154,598 $154,598 $0 
Interest Income $0 $0 $2,263 $2,263 
TOTAL REVENUES $156,614 $154,598 $156,861 $2,263 
EXPENDITURES: 
Interest Expense - 11/01 $48,144 $48,144 $48,144 $0 
Principal Expense - 5/01 $60,000 $0 $0 $0 
Interest Expense - 5/01 $48,144 $0 $0 $0 
TOTAL EXPENDITURES $156,289 $48,144 $48,144 $0 
OTHER SOURCES/(USES) 
Other Debt Service Costs $0 $0 $0 $0 
Transfer In/(Out) $0 $0 ($1,142) ($1,142) 
TOTAL OTHER $0 $0 ($1,142) ($1,142) 
EXCESS REVENUES 
(EXPENDITURES) AND OTHER SOURCES $325 ----- $107,575 ----- 
FUND BALANCE - BEGINNING $48,149 ----- $126,487 ----- 
FUND BALANCE - ENDING $48,474 ----- $234,062 ----- 
Fund Balance Calculation 
Reserve $78,307 
Revenue $155,755 
Total Series 2021 Funds Available $234,062 
7

Capital Projects Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Interest Income $0 $0 $1,855 $1,855 
TOTAL REVENUES $0 $0 $1,855 $1,855 
EXPENDITURES: 
Capital Outlay $0 $0 $0 $0 
TOTAL EXPENDITURES $0 $0 $0 $0 
EXCESS REVENUES 
(EXPENDITURES) $0 $0 $1,855 $1,855 
FUND BALANCE - BEGINNING $0 ----- $148,338 ----- 
FUND BALANCE - ENDING $0 ----- $150,193 ----- 
As of April 30, 2023 
INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
CAPITAL PROJECTS FUND 
Statement of Revenues & Expenditures 
Series 1999A 
8

Capital Projects Prorated Budget Actual 
Budget 4/30/23 4/30/23 Variance 
REVENUES: 
Interest $0 $0 $7 $7 
TOTAL REVENUES $0 $0 $7 $7 
EXPENDITURES: 
Capital Outlay $0 $0 $0 $0 
TOTAL EXPENDITURES $0 $0 $0 $0 
EXCESS REVENUES 
(EXPENDITURES) $0 $0 $7 $7 
OTHER SOURCES/(USES) 
Transfer In/(Out) $0 $0 $1,142 $1,142 
OTHER SOURCES/(USES) $0 $0 $1,142 $1,142 
EXCESS REVENUES/ 
(EXPENDITURES) AND OTHER SOURCES $0 $0 $1,149 $1,149 
FUND BALANCE - BEGINNING $0 ----- $61 ----- 
FUND BALANCE - ENDING $0 ----- $1,210 ----- 
INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
CAPITAL PROJECTS FUND 
Series 2021 
Statement of Revenues & Expenditures 
As of April 30, 2023 
9

October November December January February March April May June July August September Total 
REVENUES: 
Maintenance Assessments $0 $42,288 $316,946 $87,705 $10,131 $1,833 $22,749 $0 $0 $0 $0 $0 $481,652 
City of Daytona Funding $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Interest Income $4,663 $5,054 $5,411 $6,126 $6,090 $4,738 $2,996 $0 $0 $0 $0 $0 $35,079 
. 
TOTAL REVENUES $4,663 $47,342 $322,358 $93,831 $16,221 $6,571 $25,745 $0 $0 $0 $0 $0 $516,731 
EXPENDITURES: 
ADMINISTRATIVE: 
Supervisor Fees $1,000 $800 $1,000 $0 $0 $1,000 $0 $0 $0 $0 $0 $0 $3,800 
FICA Expense $77 $61 $77 $0 $0 $77 $0 $0 $0 $0 $0 $0 $291 
Engineering $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Attorney $724 $772 $1,218 $736 $193 $1,170 $0 $0 $0 $0 $0 $0 $4,812 
Annual Audit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Arbitrage $0 $0 $900 $0 $0 $450 $0 $0 $0 $0 $0 $0 $1,350 
Trustee $4,041 $0 $0 $4,089 $0 $0 $0 $0 $0 $0 $0 $0 $8,130 
Dissemination Agent $550 $550 $550 $550 $550 $550 $550 $0 $0 $0 $0 $0 $3,850 
Special Assessment Roll Preparation $20,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $20,000 
Management Fees $4,944 $4,944 $4,944 $4,944 $4,944 $4,944 $4,944 $0 $0 $0 $0 $0 $34,606 
Information Technology $233 $233 $233 $233 $233 $233 $233 $0 $0 $0 $0 $0 $1,633 
Website Administration $100 $100 $100 $100 $100 $100 $100 $0 $0 $0 $0 $0 $700 
Telephone $0 $0 $13 $8 $11 $0 $0 $0 $0 $0 $0 $0 $32 
Postage $3 $12 $6 $44 $10 $0 $2 $0 $0 $0 $0 $0 $78 
Insurance $23,668 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $23,668 
Printing & Binding $54 $99 $100 $47 $38 $73 $68 $0 $0 $0 $0 $0 $479 
Legal Advertising $0 $339 $231 $0 $0 $231 $0 $0 $0 $0 $0 $0 $801 
Other Current Charges $0 $246 $246 $0 $0 $246 $0 $0 $0 $0 $0 $0 $739 
Office Supplies $20 $20 $20 $21 $1 $0 $20 $0 $0 $0 $0 $0 $102 
Foreclosure Costs $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
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 $56,089 $8,677 $10,138 $11,272 $6,579 $9,574 $6,417 $0 $0 $0 $0 $0 $108,746 
INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
Month to Month Income Statement 
FY2023 
10

October November December January February March April May June July August September Total 
FIELD: 
Operating Expenses I-95 
Landscape Maintenance $4,410 $4,410 $4,410 $4,410 $4,410 $4,410 $4,410 $0 $0 $0 $0 $0 $30,870 
Landscape Contingency $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Irrigation Repairs & Maintenance $239 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $239 
Mowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Lakes $812 $442 $442 $442 $442 $442 $825 $0 $0 $0 $0 $0 $3,845 
Plant Replacement & Annuals $0 $0 $0 $0 $0 $4,295 $0 $0 $0 $0 $0 $0 $4,295 
Utilities $1,789 $1,884 $962 $1,859 $1,257 $2,322 $2,162 $0 $0 $0 $0 $0 $12,234 
Repairs $85 $434 $45 $45 $1,695 $123 $83 $0 $0 $0 $0 $0 $2,510 
Miscellaneous $205 $205 $205 $205 $205 $205 $205 $0 $0 $0 $0 $0 $1,435 
OPERATING EXPENSES I-95 $7,540 $7,375 $6,064 $6,961 $8,008 $11,797 $7,685 $0 $0 $0 $0 $0 $55,429 
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 $46,969 $46,969 $46,969 $47,099 $47,099 $47,099 $47,099 $0 $0 $0 $0 $0 $329,305 
Landscape Contingency $1,438 $3,886 $1,541 $2,212 $6,673 $3,751 $1,706 $0 $0 $0 $0 $0 $21,209 
Irrigation Repairs & Maintenance $2,038 $0 $3,246 $3,607 $3,611 $1,823 $393 $0 $0 $0 $0 $0 $14,717 
Lakes $3,421 $3,523 $3,523 $3,523 $3,523 $3,523 $3,523 $0 $0 $0 $0 $0 $24,561 
Plant Replacement & Annuals $0 $5,421 $1,429 $1,201 $108 $0 $4,069 $0 $0 $0 $0 $0 $12,228 
Utilities $2,571 $2,709 $3,209 $3,217 $3,323 $3,140 $3,237 $0 $0 $0 $0 $0 $21,407 
Repairs $5,844 $2,117 $2,955 $2,024 $5,300 $7,111 $5,474 $0 $0 $0 $0 $0 $30,825 
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 
Miscellaneous $3,222 $205 $205 $205 $205 $205 $205 $0 $0 $0 $0 $0 $4,452 
Conservation Easement Maintenance $4,185 $4,185 $4,185 $4,185 $4,185 $4,185 $4,185 $0 $0 $0 $0 $0 $29,297 
Tree Trimming $3,780 $3,780 $3,780 $3,780 $3,780 $3,780 $3,780 $0 $0 $0 $0 $0 $26,460 
Pressure Washing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 
Hurricane Expense $53,336 $45,658 $4,728 $2,722 $1,165 $0 $0 $0 $0 $0 $0 $0 $107,609 
OPERATING EXPENSES COMMUNITY WIDE $129,454 $121,104 $78,421 $76,426 $81,624 $77,268 $76,322 $0 $0 $0 $0 $0 $640,621 
TOTAL EXPENDITURES $193,084 $137,156 $94,623 $94,659 $96,212 $98,639 $90,423 $0 $0 $0 $0 $0 $804,795 
EXCESS REVENUES/ (EXPENDITURES) ($188,421) ($89,814) $227,735 ($828) ($79,991) ($92,068) ($64,678) $0 $0 $0 $0 $0 ($288,064) 
Month to Month Income Statement 
FY2023 
INDIGO 
COMMUNITY DEVELOPMENT DISTRICT 
11

UNITS 
NET TAX ROLL ASSESSED 4,034.45 $ 598,514.83 $ 72,491.62 $ 377,662.00 $ 320,366.58 $ 156,609.09 $ 1,525,644.12 
TAX ROLL RECEIVED RECEIPTS O&M 1999A 1999C 2005A 2021 REVENUE 
11/10/22 $ 4,319.17 $ 2,325.97 $ - $ 1,993.20 $ - $ - $ 4,319.17 
11/16/22 $ 22,804.81 $ 10,787.88 $ 1,543.04 $ 8,782.91 $ 1,690.98 $ - $ 22,804.81 
11/21/22 $ 43,464.63 $ 29,173.84 $ 2,000.55 $ 7,780.98 $ 2,690.44 $ 1,818.82 $ 43,464.63 
12/2/22 $ 77,247.07 $ 29,609.30 $ 8,660.32 $ 32,530.44 $ 3,663.79 $ 2,783.22 $ 77,247.07 
12/9/22 $ 269,854.09 $ 95,201.72 $ 7,660.06 $ 44,563.94 $ 4,791.11 $ 117,637.26 $ 269,854.09 
12/14/22 $ 493,505.95 $ 192,135.39 $ 39,434.32 $ 153,764.71 $ 78,474.23 $ 29,697.30 $ 493,505.95 
1/6/23 $ 138,884.08 $ 81,213.98 $ 5,588.04 $ 23,052.78 $ 29,029.28 $ - $ 138,884.08 
1/20/23 $ 21,319.60 $ 6,491.13 $ 617.38 $ 5,835.95 $ 7,437.74 $ 937.40 $ 21,319.60 
2/2/23 $ 16,246.91 $ 6,260.41 $ 1,633.53 $ 6,359.65 $ 1,993.32 $ - $ 16,246.91 
2/14/23 $ 10,286.14 $ 3,870.91 $ 1,061.43 $ 3,733.05 $ 863.10 $ 757.65 $ 10,286.14 
3/3/23 $ 1,349.04 $ 649.72 $ 208.41 $ 419.16 $ 71.75 $ - $ 1,349.04 
3/10/23 $ 2,172.75 $ 1,183.50 $ - $ 989.25 $ - $ - $ 2,172.75 
4/6/23 $ 20,108.85 $ 15,022.60 $ 580.91 $ 2,721.73 $ 817.22 $ 966.39 $ 20,108.85 
4/21/23 $ 21,061.15 $ 7,726.09 $ 1,670.30 $ 7,303.24 $ 4,361.52 $ - $ 21,061.15 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
$ - $ - $ - $ - $ - $ - $ - 
TOTAL TAX ROLL RECEIVED $ 1,142,624.24 $ 481,652.44 $ 70,658.29 $ 299,830.99 $ 135,884.48 $ 154,598.04 $ 1,142,624.24 
BALANCE DUE TAX ROLL $ 116,862.39 $ 1,833.33 $ 77,831.01 $ 184,482.10 $ 2,011.05 $ 383,019.88 
PERCENT COLLECTED 80.47% 97.47% 79.39% 42.42% 98.72% 74.89% 
INDIGO COMMUNITY DEVELOPMENT DISTRICT 
ASSESSMENT RECEIPTS - FY2023 
TAX COLLECTOR 
12