South Kendall	
Community Development District	

Unaudited Financial Reporting	
January 31, 2024	

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2016	

5-6	
	Month to Month	

7	
	Long Term Debt Report	

8	
	Assessment Receipt Schedule	

South Kendall	
Community Development District	
Combined Balance Sheet	
January 31, 2024	
General	Debt Service	Totals	
Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	
Petty Cash	

$	53,049	
500	

$	-	
-	

$	53,049	
500	

Investments:	
State Board - Excess Funds	
State Board - Capital Reserve	

715,699	
9,482	

-	
-	

715,699	
9,482	

Series 2016	
Reserve	
Revenue	
Interest	
Principal	

-	
-	
-	
-	

354,993	
714,157	
182	
455	

-	
354,993	
714,157	
182	
455	

Prepaid Expenses	
Deposits	

24,332	
4,821	

-	
-	

24,332	
4,821	

Total Assets	$	807,882	$	1,069,787	$	1,877,669	
Liabilities:	
Accounts Payable	$	500	$	-	$	500	

Total Liabilites	$	500	$	-	$	500

$	24,332	
4,821	

$	-	
-	

$	24,332	
4,821	

Fund Balance:	
Nonspendable:	
Prepaid Items	
Deposits	
Restricted for:	
Debt Service - Series	
Assigned for:	
Capital Reserves	
Unassigned	

-	1,069,787	1,069,787

9,482	
768,748	

-	
-	

9,482	
768,748	

Total Fund Balances	$	807,382	$	1,069,787	$	1,877,169	
				
Total Liabilities & Fund Balance	$	807,882	$	1,069,787	$	1,877,669	

South Kendall	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending January 31, 2024	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/24	Thru 01/31/24	Variance	

Revenues:		
Special Assessments - Tax Roll	$	933,474	
Interest Income	-	

$	878,018	
-	

$	878,018	
5,096	

$	-	
5,096	

Total Revenues	$	933,474	$  878,018	$883,114	$	5,096	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	5,000	$	-	$	-	$	-	
PR-FICA	383	-	-	-	
Engineering	6,000	2,000	-	2,000	
Attorney	18,000	6,000	1,500	4,500	
Annual Audit	4,200	4,200	4,200	-	
Arbitrage Rebate	550	-	-	-	
Dissemination Agent	2,500	833	833	0	
Trustee Fees	3,250	3,250	3,250	-	
Management Fees	54,451	18,150	18,150	0	
Computer Time	1,000	333	333	0	
Website Maintenance	3,000	1,000	1,000	-	
Telephone	150	50	-	50	
Postage & Delivery	500	167	46	121	
Insurance General Liability	10,010	10,010	9,280	730	
Rental & Leases	2,400	800	800	-	
Printing & Binding	250	83	41	42	
Legal Advertising	750	250	-	250	
Other Current Charges	750	250	56	194	
Office Supplies	250	83	47	36	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	113,569	$	47,635	$	39,711	$	7,924	
Operations & Maintenance

Maintenance Expenditures		
Security Service	$	189,544	
Landscape Maintenance	101,265	
Landscape-Ficus Fumigation	9,000	
Seasonal Landscape Maintenance	36,000	
Tree Trimming	100,000	
Repairs and Maintenance	50,000	
Sprinkler Repairs and Maintenance	12,000	
Stormwater Drainage Cleaning	30,000	
Contingency	4,340	
Holiday Décor	7,796	
Capital Outlay	-	

$	63,181	
33,755	
-	
12,000	
100,000	
16,667	
4,000	
-	
1,447	
-	
-	

$	72,391	
35,053	
-	
-	
-	
325	
3,200	
-	
-	
-	
34,825	

$	(9,209)	
(1,298)	
-	
12,000	
100,000	
16,342	
800	
-	
1,447	
-	
(34,825)	

Subtotal Maintenance Expenditures	$	539,944	$  231,050	$	145,794	$	85,256	

South Kendall	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending January 31, 2024	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/24	Thru 01/31/24	Variance	

Clubhouse and Amenities Expenditures		
Management Clubhouse	$	141,796	
Alarm Monitoring & Fire	2,408	
Telephone/Cable	6,600	
Electricity	25,000	
Water/Sewer	8,000	
Property Insurance	30,977	
Refuse Service	1,566	
Repairs and Replacements	30,000	
Pool Maintenance	23,760	
Pool Repairs	15,000	
Landscape Maintenance	39,381	
Fitness Equipment Maintenance	3,500	
Other Contingency	38,999	
Special Events	5,000	
Janitorial Supplies	15,000	
Permit Fees	1,000	
Pest Control	588	

$	47,265	
803	
2,200	
8,333	
2,667	
30,977	
1,566	
10,000	
7,920	
5,000	
13,127	
1,167	
13,000	
1,667	
5,000	
-	
196	

$	49,819	
657	
2,434	
6,329	
1,334	
23,972	
1,683	
-	
7,920	
1,300	
16,632	
525	
-	
-	
3,786	
-	
195	

$	(2,554)	
146	
(234)	
2,004	
1,332	
7,005	
(117)	
10,000	
-	
3,700	
(3,505)	
642	
13,000	
1,667	
1,214	
-	
1	

Subtotal Clubhouse and Amenity Expenditures	$	388,574	$  150,887	$	116,586	$	34,300	

Total Operations & Maintenance	$	928,518	$  381,936	$	262,380	$	119,556	

Total Expenditures	$ 1,042,087	$  429,572	$	302,092	$	127,480	

Excess (Deficiency) of Revenues over Expenditures	$	(108,613)	$	448,446	$	581,022	$	132,576	

Net Change in Fund Balance	$  (108,613)	$  448,446	$	581,022	$	132,576	
	
Fund Balance - Beginning	$	108,613		$	226,360		
	
Fund Balance - Ending	$	-		$	807,382		

South Kendall	
Community Development District	
Debt Service Fund Series 2016	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending January 31, 2024	

Adopted	Prorated Budge	Actual	
Budget	Thru 01/31/24	Thru 01/31/24	Variance	

Revenues:		
Special Assessments - Tax Roll	$	633,986	
Interest Income	5,000	

$	596,322	
1,667	

$	596,322	
13,897	

$	-
12,230

Total Revenues	$  638,986	$  597,989	$610,219	$	12,230	
Expenditures:		
Interest - 11/1	139,350	139,350	139,350	-	
Principal - 11/01	350,000	350,000	350,000	-	
Interest - 5/1	134,975	-	-	-	
Total Expenditures	$  624,325	$  489,350	$  489,350	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	14,661	$	108,639	$	120,869	$	12,230	

Net Change in Fund Balance	$	14,661	$  108,639	$  120,869	$	12,230	
		
Fund Balance - Beginning	$	604,256	$	948,918	
		
Fund Balance - Ending	$	618,917	$ 1,069,787	

South Kendall	
Community Development District	
Month to Month	

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

Revenues:														
Special Assessments - Tax Roll	$	-	$  149,154	$  702,790	$	26,074	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  878,018	
Interest Income	96	94	1,492	3,414	-	-	-	-	-	-	-	-	5,096	

Total Revenues	$	96	$ 149,248	$ 704,283	$  29,488	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 883,114	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
PR-FICA	-	-	-	-	-	-	-	-	-	-	-	-	-	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	500	500	500	-	-	-	-	-	-	-	-	-	1,500	
Annual Audit	-	-	-	4,200	-	-	-	-	-	-	-	-	4,200	
Assessment Administration	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	208	208	208	208	-	-	-	-	-	-	-	-	833	
Trustee Fees	3,250	-	-	-	-	-	-	-	-	-	-	-	3,250	
Management Fees	4,538	4,538	4,538	4,538	-	-	-	-	-	-	-	-	18,150	
Computer Time	83	83	83	83	-	-	-	-	-	-	-	-	333	
Website Maintenance	250	250	250	250	-	-	-	-	-	-	-	-	1,000	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	10	14	6	16	-	-	-	-	-	-	-	-	46	
Insurance General Liability	9,280	-	-	-	-	-	-	-	-	-	-	-	9,280	
Rental & Leases	200	200	200	200	-	-	-	-	-	-	-	-	800	
Printing & Binding	9	9	9	14	-	-	-	-	-	-	-	-	41	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	-	-	-	56	-	-	-	-	-	-	-	-	56	
Office Supplies	47	-	-	-	-	-	-	-	-	-	-	-	47	
Dues, Licenses & Subscriptions	-	175	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  18,375	$	5,978	$	5,793	$	9,565	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  39,711	

South Kendall	
Community Development District	
Month to Month	

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

Maintenance Expenditures														
Security Service	$	18,943	$	20,358	$	16,545	$	16,545	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	72,391	
Landscape Maintenance	7,790	7,790	11,684	7,790	-	-	-	-	-	-	-	-	35,053	
Landscape-Ficus Fumigation	-	-	-	-	-	-	-	-	-	-	-	-	-	
Seasonal Landscape Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Tree Trimming	-	-	-	-	-	-	-	-	-	-	-	-	-	
Repairs and Maintenance	325	-	-	-	-	-	-	-	-	-	-	-	325	
Sprinkler Repairs and Maintenance	800	800	800	800	-	-	-	-	-	-	-	-	3,200	
Stormwater Drainage Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Décor	-	-	-	-	-	-	-	-	-	-	-	-	-	
Capital Outlay	34,825	-	-	-	-	-	-	-	-	-	-	-	34,825	

Subtotal Field Expenditures	$  62,683	$  28,947	$  29,029	$  25,134	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 145,794	

Clubhouse and Amenities Expenditures	
Management Clubhouse	$	12,455	$	12,455	$	12,455	$	12,455	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	49,819	
Alarm Monitoring & Fire	-	657	-	-	-	-	-	-	-	-	-	-	657	
Telephone/Cable	605	606	606	617	-	-	-	-	-	-	-	-	2,434	
Electricity	1,637	1,503	1,610	1,579	-	-	-	-	-	-	-	-	6,329	
Water/Sewer	-	-	1,334	-	-	-	-	-	-	-	-	-	1,334	
Property Insurance	23,972	-	-	-	-	-	-	-	-	-	-	-	23,972	
Refuse Service	1,683	-	-	-	-	-	-	-	-	-	-	-	1,683	
Repairs and Replacements	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pool Maintenance	1,980	1,980	1,980	1,980	-	-	-	-	-	-	-	-	7,920	
Pool Repairs	1,300	-	-	-	-	-	-	-	-	-	-	-	1,300	
Landscape Maintenance	3,029	6,029	4,544	3,029	-	-	-	-	-	-	-	-	16,632	
Fitness Equipment Maintenance	125	125	125	150	-	-	-	-	-	-	-	-	525	
Other Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Special Events	-	-	-	-	-	-	-	-	-	-	-	-	-	
Office Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Janitorial Supplies	1,138	1,134	1,514	-	-	-	-	-	-	-	-	-	3,786	
Permit Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pest Control	49	49	49	49	-	-	-	-	-	-	-	-	195	

Subtotal Amenity Expenditures	$  47,972	$  24,538	$  24,218	$  19,858	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 116,586	

Total Operations & Maintenance	$ 110,655	$  53,486	$  53,247	$  44,993	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 262,380	

Total Expenditures	$ 129,030	$  59,463	$  59,040	$  54,558	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 302,092	

Excess (Deficiency) of Revenues over Expe	$ (128,934)	$	89,784	$  645,242	$  (25,070)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  581,022	

Net Change in Fund Balance	$ (128,934)	$  89,784	$ 645,242	$  (25,070)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 581,022	

South Kendall	
Community Development District	
Long Term Debt Report	

	

	

	

	

Series 2016, Special Assessment Refunding Bonds

Bond Issuance:	9/28/2016	$9,095,000	
Maturity Date:	11/1/2040	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$316,993.50		
Reserve Fund Balance	354,993.48		
Term 1:	$3,375,000		
	2.000%,2.250%,		
Interest Rate:	2.500%, 2.750%,		
	3.000%, 3250%		
Maturity Date:	11/1/2026		
Term 2:	$2,115,000		
Interest Rate:	4.000%		
Maturity Date:	11/1/2031		
Term 3:	$2,745,000		
Interest Rate:	4.250%		
Maturity Date:	11/1/2036		
Term 4:	$860,000		
Interest Rate:	4.125%		
Maturity Date:	11/1/2040		

Bonds Outstanding:		
$9,095,000	
Less: Principal Payment - 11/1/17		($280,000)	
Less: Principal Payment - 11/1/18		($320,000)	
Less: Principal Payment - 11/1/19		($325,000)	
Less: Principal Payment - 11/1/20		($330,000)	
Less: Principal Payment - 11/1/21		($330,000)	
Less: Principal Payment - 11/1/22		($335,000)	
Less: Principal Payment - 11/1/23		($350,000)	
Current Bonds Outstanding		$6,825,000	

Page 7

South Kendall
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Miami Dade County Fiscal Year 2024

Gross Assessments	$	982,604.63	$	667,353.86	$  1,649,958.49	
Net Assessments	$	933,474.40	$	633,986.17	$  1,567,460.57	
ON ROLL ASSESSMENTS
allocation in %	59.55%	40.45%	100.00%
Date	Distribution	Gross Amount	Discoumt/
Penalty	Commission	Interest	Net Receipts	O&M Portion	2016 Debt
Service	Total	

11/21/27	
06/01-11/01/23	
$	10,581.43	
$	555.53	
$	100.26	
$	-	
$	9,925.64	
$	5,911.05	
$	4,014.59	
$	9,925.64	
11/21/27	11/01-11/11/23	113,106.86	4,524.19	1,085.83	-	107,496.84	64,017.91	43,478.93	107,496.84	
11/25/27	11/12-11/18/23	139,975.06	5,598.90	1,343.75	-	133,032.41	79,225.18	53,807.23	133,032.41	
12/09/27	11/19-11/30/23	1,201,904.87	48,564.54	11,536.04	-	1,141,804.29	679,982.07	461,822.22	1,141,804.29	
12/19/27	12/01-12/13/23	5,693.22	227.73	54.66	-	5,410.83	3,222.33	2,188.50	5,410.83	
12/28/27	12/01-12/13/23	34,424.88	1,204.85	332.20	-	32,887.83	19,585.79	13,302.04	32,887.83	
01/09/28	12/14-12/31/23	45,624.40	1,400.18	442.24	-	43,781.98	26,073.61	17,708.37	43,781.98	
	TOTAL	$ 1,551,310.72	$	62,075.92	$	14,894.98	$	-	$ 1,474,339.82	$	878,017.94	$	596,321.88	$ 1,474,339.82	

Page 8