South Kendall	
Community Development District	

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

Assets:	
Cash:	
Operating Account	
Petty Cash	

$	14,447	
500	

$	-	
-	

$	14,447	
500	

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

581,832	
9,568	

-	
-	

581,832	
9,568	

Series 2016	
Reserve	
Revenue	
Interest	
Principal	

-	
-	
-	
-	

358,026	
732,895	
183	
459	

-	
358,026	
732,895	
183	
459	

Deposits	4,821	-	4,821

Total Assets	$	611,169	$	1,091,564	$	1,702,732	
Liabilities:	
Accounts Payable	$	1,532	$	-	$	1,532	

Total Liabilites	$	1,532	$	-	$	1,532

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

$	4,821	$	-	$	4,821

-	1,091,564	1,091,564

9,568	
595,247	

-	
-	

9,568	
595,247	

Total Fund Balances	$	609,636	$	1,091,564	$	1,701,200	
				
Total Liabilities & Fund Balance	$	611,169	$	1,091,564	$	1,702,732	

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

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

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

$	933,474	
-	

$	898,393	
11,316	

$	(35,081)	
11,316	

Total Revenues	$	933,474	$  933,474	$909,709	$	(23,765)	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	5,000	$	1,000	$	800	$	200	
PR-FICA	383	77	61	15	
Engineering	6,000	3,000	-	3,000	
Attorney	18,000	9,000	3,320	5,680	
Annual Audit	4,200	4,200	4,200	-	
Arbitrage Rebate	550	-	-	-	
Dissemination Agent	2,500	1,250	1,250	0	
Trustee Fees	3,250	3,250	3,250	-	
Management Fees	54,451	27,226	27,225	0	
Computer Time	1,000	500	500	0	
Website Maintenance	3,000	1,500	1,500	-	
Telephone	150	75	-	75	
Postage & Delivery	500	250	199	51	
Insurance General Liability	10,010	10,010	9,280	730	
Rental & Leases	2,400	1,200	1,200	-	
Printing & Binding	250	125	45	80	
Legal Advertising	750	375	-	375	
Other Current Charges	750	375	56	319	
Office Supplies	250	125	47	78	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	113,569	$	63,712	$	53,109	$	10,603	
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	-	

$	94,772	
50,632	
9,000	
18,000	
50,000	
25,000	
6,000	
-	
2,170	
7,796	
-	

$	104,208	
50,632	
7,500	
-	
50,000	
3,829	
4,800	
-	
-	
7,299	
34,825	

$	(9,436)	
(0)	
1,500	
18,000	
-	
21,171	
1,200	
-	
2,170	
497	
(34,825)	

Subtotal Maintenance Expenditures	$	539,944	$  263,370	$	263,093	$	277	

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

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	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	

$	70,898	
1,204	
3,300	
12,500	
4,000	
30,977	
1,566	
15,000	
11,880	
15,000	
19,690	
1,750	
19,499	
2,500	
7,500	
-	
294	

$	76,258	
1,389	
3,668	
9,384	
1,334	
23,972	
1,683	
-	
11,880	
45,414	
25,690	
2,986	
240	
-	
6,040	
-	
292	

$	(5,360)	
(185)	
(368)	
3,116	
2,666	
7,005	
(117)	
15,000	
-	
(30,414)	
(6,000)	
(1,236)	
19,259	
2,500	
1,460	
-	
2	

Subtotal Clubhouse and Amenity Expenditures	$	388,574	$  217,559	$	210,231	$	7,328	

Total Operations & Maintenance	$	928,518	$  480,928	$	473,324	$	7,605	

Total Expenditures	$ 1,042,087	$  544,640	$	526,433	$	18,208	

Excess (Deficiency) of Revenues over Expenditures	$	(108,613)	$	388,834	$	383,276	$	(5,557)	

Net Change in Fund Balance	$  (108,613)	$  388,834	$	383,276	$	(5,557)	
	
Fund Balance - Beginning	$	108,613		$	226,360		
	
Fund Balance - Ending	$	-		$	609,636		

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

Adopted	Prorated Budge	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

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

$	633,986	
2,500	

$	609,024	
22,972	

$	(24,962)
20,472

Total Revenues	$  638,986	$  636,486	$631,996	$	(4,490)	
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	$	147,136	$	142,646	$	(4,490)	

Net Change in Fund Balance	$	14,661	$  147,136	$  142,646	$	(4,490)	
		
Fund Balance - Beginning	$	604,256	$	948,918	
		
Fund Balance - Ending	$	618,917	$ 1,091,564	

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	$	-	$	-	$	-	$	-	$	-	$	-	$  898,393	
Interest Income	96	94	1,492	3,414	3,196	3,024	-	-	-	-	-	-	11,316	

Total Revenues	$	96	$ 149,248	$ 704,283	$  29,488	$  20,998	$	5,597	$	-	$	-	$	-	$	-	$	-	$	-	$ 909,709	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	-	$	-	$	800	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	800	
PR-FICA	-	-	-	-	61	-	-	-	-	-	-	-	61	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	500	500	500	500	1,320	-	-	-	-	-	-	-	3,320	
Annual Audit	-	-	-	4,200	-	-	-	-	-	-	-	-	4,200	
Assessment Administration	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	208	208	208	208	208	208	-	-	-	-	-	-	1,250	
Trustee Fees	3,250	-	-	-	-	-	-	-	-	-	-	-	3,250	
Management Fees	4,538	4,538	4,538	4,538	4,538	4,538	-	-	-	-	-	-	27,225	
Computer Time	83	83	83	83	83	83	-	-	-	-	-	-	500	
Website Maintenance	250	250	250	250	250	250	-	-	-	-	-	-	1,500	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	10	14	48	65	54	8	-	-	-	-	-	-	199	
Insurance General Liability	9,280	-	-	-	-	-	-	-	-	-	-	-	9,280	
Rental & Leases	200	200	200	200	200	200	-	-	-	-	-	-	1,200	
Printing & Binding	9	9	9	14	1	4	-	-	-	-	-	-	45	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	-	-	-	56	-	-	-	-	-	-	-	-	56	
Office Supplies	47	-	-	-	-	-	-	-	-	-	-	-	47	
Dues, Licenses & Subscriptions	-	175	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  18,375	$	5,978	$	5,836	$  10,114	$	7,515	$	5,291	$	-	$	-	$	-	$	-	$	-	$	-	$  53,109	

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	$	-	$	-	$	-	$	-	$	-	$	-	$  104,208	
Landscape Maintenance	7,790	7,790	11,684	7,790	7,790	7,790	-	-	-	-	-	-	50,632	
Landscape-Ficus Fumigation	-	-	-	-	7,500	-	-	-	-	-	-	-	7,500	
Seasonal Landscape Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Tree Trimming	-	-	-	-	-	50,000	-	-	-	-	-	-	50,000	
Repairs and Maintenance	325	-	-	3,504	-	-	-	-	-	-	-	-	3,829	
Sprinkler Repairs and Maintenance	800	800	800	800	800	800	-	-	-	-	-	-	4,800	
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	$	-	$	-	$	-	$	-	$	-	$	-	$ 263,093	

Clubhouse and Amenities Expenditures	
Management Clubhouse	$	12,455	$	12,455	$	12,455	$	12,455	$	13,985	$	12,455	$	-	$	-	$	-	$	-	$	-	$	-	$	76,258	
Alarm Monitoring & Fire	-	657	-	-	657	75	-	-	-	-	-	-	1,389	
Telephone/Cable	605	606	606	617	617	617	-	-	-	-	-	-	3,668	
Electricity	1,637	1,503	1,610	1,579	1,523	1,532	-	-	-	-	-	-	9,384	
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	1,980	1,980	-	-	-	-	-	-	11,880	
Pool Repairs	22,540	-	-	1,480	154	21,240	-	-	-	-	-	-	45,414	
Landscape Maintenance	3,029	6,029	4,544	3,029	6,029	3,029	-	-	-	-	-	-	25,690	
Fitness Equipment Maintenance	125	125	125	2,311	150	150	-	-	-	-	-	-	2,986	
Other Contingency	-	-	-	-	-	240	-	-	-	-	-	-	240	
Special Events	-	-	-	-	-	-	-	-	-	-	-	-	-	
Janitorial Supplies	1,138	1,134	1,514	1,214	1,040	-	-	-	-	-	-	-	6,040	
Permit Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pest Control	49	49	49	49	49	49	-	-	-	-	-	-	292	

Subtotal Amenity Expenditures	$  69,212	$  24,538	$  24,218	$  24,713	$  26,184	$  41,367	$	-	$	-	$	-	$	-	$	-	$	-	$ 210,231	

Total Operations & Maintenance	$ 131,895	$  53,486	$  53,247	$  60,650	$  57,800	$ 116,247	$	-	$	-	$	-	$	-	$	-	$	-	$ 473,324	

Total Expenditures	$ 150,270	$  59,463	$  59,083	$  70,764	$  65,315	$ 121,538	$	-	$	-	$	-	$	-	$	-	$	-	$ 526,433	

Excess (Deficiency) of Revenues over Expe	$ (150,174)	$	89,784	$  645,199	$  (41,276)	$  (44,317)	$ (115,941)	$	-	$	-	$	-	$	-	$	-	$	-	$  383,276	

Net Change in Fund Balance	$ (150,174)	$  89,784	$ 645,199	$  (41,276)	$  (44,317)	$ (115,941)	$	-	$	-	$	-	$	-	$	-	$	-	$ 383,276	

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	358,026.39		
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	
	TOTAL	$ 1,583,678.06	$	62,721.03	$	15,212.20	$	1,672.57	$ 1,507,417.40	$	898,393.23	$	609,024.17	$ 1,507,417.40	

Page 8