South Kendall	
Community Development District	

Unaudited Financial Reporting	
May 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	
May 31, 2024	
General	Debt Service	Totals	
Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	
Petty Cash	

$	11,538	
500	

$	-	
-	

$	11,538	
500	

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

426,543	
9,656	

-	
-	

426,543	
9,656	

Series 2016	
Reserve	
Revenue	
Interest	
Principal	

-	
-	
-	
-	

361,121	
622,067	
96	
463	

-	
361,121	
622,067	
96	
463	

Deposits	4,821	-	4,821

Total Assets	$	453,058	$	983,747	$	1,436,805	
Liabilities:	
Accounts Payable	$	1,957	$	-	$	1,957	

Total Liabilites	$	1,957	$	-	$	1,957

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

$	4,821	$	-	$	4,821

-	983,747	983,747

9,656	
436,624	

-	
-	

9,656	
436,624	

Total Fund Balances	$	451,101	$	983,747	$	1,434,848	
				
Total Liabilities & Fund Balance	$	453,058	$	983,747	$	1,436,805	

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

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/24	Thru 05/31/24	Variance	

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

$	933,474	
-	

$	924,647	
16,114	

$	(8,827)	
16,114	

Total Revenues	$	933,474	$  933,474	$940,761	$	7,287	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	5,000	$	3,000	$	1,400	$	1,600	
PR-FICA	383	230	107	122	
Engineering	6,000	4,000	-	4,000	
Attorney	18,000	12,000	5,333	6,668	
Annual Audit	4,200	4,200	4,200	-	
Arbitrage Rebate	550	-	-	-	
Dissemination Agent	2,500	1,667	1,667	0	
Trustee Fees	3,250	3,250	3,250	-	
Management Fees	54,451	36,301	36,301	0	
Computer Time	1,000	667	667	0	
Website Maintenance	3,000	2,000	2,000	-	
Telephone	150	100	-	100	
Postage & Delivery	500	333	321	12	
Insurance General Liability	10,010	10,010	9,280	730	
Rental & Leases	2,400	1,600	1,600	-	
Printing & Binding	250	167	63	104	
Legal Advertising	750	500	438	62	
Other Current Charges	750	500	221	279	
Office Supplies	250	167	47	120	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	113,569	$	80,865	$	67,068	$	13,797	
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	-	

$	126,363	
70,106	
9,000	
-	
100,000	
33,333	
6,400	
-	
2,893	
7,796	
-	

$	136,725	
70,106	
7,500	
-	
100,000	
6,354	
6,400	
-	
-	
7,299	
34,825	

$	(10,362)	
-	
1,500	
-	
-	
26,979	
-	
-	
2,893	
497	
(34,825)	

Subtotal Maintenance Expenditures	$	539,944	$  355,891	$	369,209	$	(13,317)	

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

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/24	Thru 05/31/24	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	

$	94,530	
1,605	
4,400	
16,667	
5,333	
30,977	
1,566	
20,000	
15,840	
15,000	
33,264	
2,333	
25,999	
-	
10,000	
-	
392	

$	101,147	
2,121	
4,912	
13,142	
2,336	
23,972	
1,683	
845	
15,840	
68,326	
33,264	
3,286	
240	
-	
8,241	
-	
389	

$	(6,617)	
(515)	
(512)	
3,525	
2,997	
7,005	
(117)	
19,155	
-	
(53,326)	
-	
(952)	
25,759	
-	
1,759	
-	
3	

Subtotal Clubhouse and Amenity Expenditures	$	388,574	$  277,907	$	279,743	$	(1,837)	

Total Operations & Maintenance	$	928,518	$  633,798	$	648,952	$	(15,154)	

Total Expenditures	$ 1,042,087	$  714,663	$	716,020	$	(1,357)	

Excess (Deficiency) of Revenues over Expenditures	$	(108,613)	$	218,811	$	224,741	$	5,930	

Net Change in Fund Balance	$  (108,613)	$  218,811	$	224,741	$	5,930	
	
Fund Balance - Beginning	$	108,613		$	226,360		
	
Fund Balance - Ending	$	-		$	451,101		

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

Adopted	Prorated Budge	Actual	
Budget	Thru 05/31/24	Thru 05/31/24	Variance	

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

$	633,986	
3,333	

$	626,728	
32,426	

$	(7,258)
29,093

Total Revenues	$  638,986	$  637,320	$659,154	$	21,834	
Expenditures:		
Interest - 11/1	139,350	139,350	$	139,350	-	
Principal - 11/01	350,000	350,000	350,000	-	
Interest - 5/1	134,975	134,975	134,975	-	
Total Expenditures	$  624,325	$  624,325	$  624,325	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	14,661	$	12,995	$	34,829	$	21,834	

Net Change in Fund Balance	$	14,661	$	12,995	$	34,829	$	21,834	
		
Fund Balance - Beginning	$	604,256	$	948,918	
		
Fund Balance - Ending	$	618,917	$	983,747	

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	$	17,803	$	2,573	$	16,110	$	10,144	$	-	$	-	$	-	$	-	$  924,647	
Interest Income	96	94	1,492	3,414	3,196	3,024	2,585	2,213	-	-	-	-	16,114	

Total Revenues	$	96	$ 149,248	$ 704,283	$  29,488	$  20,998	$	5,597	$  18,696	$  12,357	$	-	$	-	$	-	$	-	$ 940,761	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	-	$	-	$	800	$	-	$	-	$	600	$	-	$	-	$	-	$	-	$	1,400	
PR-FICA	-	-	-	-	61	-	-	46	-	-	-	-	107	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	500	500	500	500	1,320	500	1,513	-	-	-	-	-	5,333	
Annual Audit	-	-	-	4,200	-	-	-	-	-	-	-	-	4,200	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	208	208	208	208	208	208	208	208	-	-	-	-	1,667	
Trustee Fees	3,250	-	-	-	-	-	-	-	-	-	-	-	3,250	
Management Fees	4,538	4,538	4,538	4,538	4,538	4,538	4,538	4,538	-	-	-	-	36,301	
Computer Time	83	83	83	83	83	83	83	83	-	-	-	-	667	
Website Maintenance	250	250	250	250	250	250	250	250	-	-	-	-	2,000	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	10	14	48	65	54	65	54	11	-	-	-	-	321	
Insurance General Liability	9,280	-	-	-	-	-	-	-	-	-	-	-	9,280	
Rental & Leases	200	200	200	200	200	200	200	200	-	-	-	-	1,600	
Printing & Binding	9	9	9	14	1	4	11	7	-	-	-	-	63	
Legal Advertising	-	-	-	-	-	-	438	-	-	-	-	-	438	
Other Current Charges	-	-	-	56	-	-	29	136	-	-	-	-	221	
Office Supplies	47	-	-	-	-	-	-	-	-	-	-	-	47	
Dues, Licenses & Subscriptions	-	175	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  18,375	$	5,978	$	5,836	$  10,114	$	7,515	$	5,848	$	7,324	$	6,078	$	-	$	-	$	-	$	-	$  67,068	

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	$	15,527	$	16,290	$	15,972	$	16,545	$	-	$	-	$	-	$	-	$  136,725	
Landscape Maintenance	7,790	7,790	11,684	7,790	7,790	7,790	7,790	11,684	-	-	-	-	70,106	
Landscape-Ficus Fumigation	-	-	-	-	7,500	-	-	-	-	-	-	-	7,500	
Seasonal Landscape Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Tree Trimming	-	-	-	-	-	50,000	-	50,000	-	-	-	-	100,000	
Repairs and Maintenance	325	-	-	3,504	-	-	2,525	-	-	-	-	-	6,354	
Sprinkler Repairs and Maintenance	800	800	800	800	800	800	800	800	-	-	-	-	6,400	
Stormwater Drainage Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Décor	-	-	-	7,299	-	-	-	-	-	-	-	-	7,299	
Capital Outlay	34,825	-	-	-	-	-	-	-	-	-	-	-	34,825	

Subtotal Field Expenditures	$  62,683	$  28,947	$  29,029	$  35,937	$  31,616	$  74,880	$  27,087	$  79,029	$	-	$	-	$	-	$	-	$ 369,209	

Clubhouse and Amenities Expenditures	
Management Clubhouse	$	12,455	$	12,455	$	12,455	$	12,455	$	13,985	$	12,455	$	12,655	$	12,235	$	-	$	-	$	-	$	-	$  101,147	
Alarm Monitoring & Fire	-	657	-	-	657	75	-	732	-	-	-	-	2,121	
Telephone/Cable	605	606	606	617	617	617	617	627	-	-	-	-	4,912	
Electricity	1,637	1,503	1,610	1,579	1,523	1,532	1,801	1,957	-	-	-	-	13,142	
Water/Sewer	-	-	1,334	-	-	1,002	-	-	-	-	-	-	2,336	
Property Insurance	23,972	-	-	-	-	-	-	-	-	-	-	-	23,972	
Refuse Service	1,683	-	-	-	-	-	-	-	-	-	-	-	1,683	
Repairs and Replacements	-	-	-	-	-	-	845	-	-	-	-	-	845	
Pool Maintenance	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980	-	-	-	-	15,840	
Pool Repairs	22,540	-	-	1,480	154	21,240	21,942	970	-	-	-	-	68,326	
Landscape Maintenance	3,029	6,029	4,544	3,029	6,029	3,029	3,029	4,544	-	-	-	-	33,264	
Fitness Equipment Maintenance	125	125	125	2,311	150	150	150	150	-	-	-	-	3,286	
Other Contingency	-	-	-	-	-	240	-	-	-	-	-	-	240	
Special Events	-	-	-	-	-	-	-	-	-	-	-	-	-	
Janitorial Supplies	1,138	1,134	1,514	1,214	1,040	621	1,580	-	-	-	-	-	8,241	
Permit Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pest Control	49	49	49	49	49	49	49	49	-	-	-	-	389	

Subtotal Amenity Expenditures	$  69,212	$  24,538	$  24,218	$  24,713	$  26,184	$  42,990	$  44,647	$  23,242	$	-	$	-	$	-	$	-	$ 279,743	

Total Operations & Maintenance	$ 131,895	$  53,486	$  53,247	$  60,650	$  57,800	$ 117,869	$  71,734	$ 102,272	$	-	$	-	$	-	$	-	$ 648,952	

Total Expenditures	$ 150,270	$  59,463	$  59,083	$  70,764	$  65,315	$ 123,717	$  79,058	$ 108,350	$	-	$	-	$	-	$	-	$ 716,020	

Excess (Deficiency) of Revenues over Expe	$ (150,174)	$	89,784	$  645,199	$  (41,276)	$  (44,317)	$ (118,120)	$  (60,363)	$  (95,993)	$	-	$	-	$	-	$	-	$  224,741	

Net Change in Fund Balance	$ (150,174)	$  89,784	$ 645,199	$  (41,276)	$  (44,317)	$ (118,120)	$  (60,363)	$  (95,993)	$	-	$	-	$	-	$	-	$ 224,741	

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	361,121.15		
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	
02/07/28	01/01-01/31/24	28,136.18	591.37	275.44	-	27,269.37	16,239.81	11,029.56	27,269.37	
02/28/28	interest	-	-	-	1,562.72	1,562.72	1,562.72	-	1,562.72	
03/09/28	02/01-02/29/24	4,231.16	53.74	41.78	-	4,135.64	2,462.91	1,672.73	4,135.64	
03/10/28	interest	-	-	-	109.85	109.85	109.85	-	109.85	
04/11/28	01/01-03/01/24	6,002.31	-	60.04	-	5,942.27	3,538.82	2,403.45	5,942.27	
04/11/28	03/01-03/31/24	21,322.81	0.11	213.21	-	21,109.49	12,571.40	8,538.09	21,109.49	
05/11/28	interest	-	-	-	187.18	187.18	187.18	-	187.18	
05/11/28	04/01-04/30/24	16,473.84	(413.61)	168.87	-	16,718.58	9,956.47	6,762.11	16,718.58	
	TOTAL	$ 1,627,477.02	$	62,307.53	$	15,654.32	$	1,859.75	$ 1,551,374.92	$	924,647.10	$	626,727.82	$ 1,551,374.92	

Page 8