Hunt Club Grove Community Development District

Meeting Agenda September 9, 2025

Hunt Club Grove
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
September 2, 2025
Board of Supervisors Meeting
Hunt Club Grove Community Development District

Dear Board Members:
A meeting of the Board of Supervisors of the Hunt Club Grove Community Development District will be held on Tuesday, September 9, 2025, at 9:30 AM at the Lake Alfred Public Library, 245 N Seminole Ave, Lake Alfred, FL 33850
Zoom Video Link: https://us06web.zoom.us/j/84638162343
Call-In Information: 1-305-224-1968	Meeting ID: 846 3816 2343 Following is the advance agenda for the meeting:
Roll Call
Public Comment Period (Public Comments will be limited to three (3) minutes)
Approval of Minutes of the August 12, 2025 Board of Supervisors Meeting
Consideration of Proposal from AMTEC for Series 2024, AA1 - Arbitrage Rebate Computation
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Project Development Update
Status of Property Conveyance
Status of Permit Transfers
Status of Construction Funds & Requisitions
Other Business
Supervisors Requests and Audience Comments
Adjournment

!!"#$%&
MINUTES OF MEETING HUNT CLUB GROVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Hunt Club Grove Community Development District was held Tuesday, August 12, 2025, at 9:46 a.m. at the Lake Alfred Public Library, 245 N. Seminole Avenue, Lake Alfred, Florida, and via Zoom.

Present and constituting a quorum:
Adam Morgan by Zoom	Chairman
Rob Bonin	Vice Chairman
Kayla Word	Assistant Secretary
Brent Kewley	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Mark Watts	District Counsel
Dave Schmitt	District Engineer
Allen Bailey	Field Manager
Steve Sanford	Bond Counsel

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 9:46 a.m. and took roll call. Three Board members were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present, nor attending via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the July 8, 2025
Board of Supervisors Meeting
Ms. Adams presented the minutes from the July 8, 2025 Board of Supervisors meeting. She noted that she had reviewed the minutes and asked for any comments, corrections, or changes. The Board had no changes to the minutes.
August 12, 2025	Hunt Club Grove CDD

FOURTH ORDER OF BUSINESS	Presentation  and  Approval  of  Second
Supplemental Engineer’s Report dated
July 29, 2025
Ms. Adams stated that the Board had kicked off the Series 2025 bond process for Assessment Area 2. She noted that they will review the Engineer’s report, the supplemental assessment methodology, the delegation resolution to be presented by Steve Sanford, and the appointment of the underwriter. Ms. Adams added that the first agenda item was the presentation and approval of the second supplemental engineer’s report. District Engineer Mr. Schmidt, joined by phone, and explained that the requested changes had been incorporated for Assessment Area 2. Ms. Adams asked if there were any further comments from the District engineering staff before moving forward.

FIFTH ORDER OF BUSINESS	Presentation and Approval of Preliminary
Supplemental Assessment Methodology Report for Assessment Area Two dated August 12, 2025
Ms. Adams stated that the Board had reviewed the supplemental assessment methodology report. She noted that the District engineer provided the construction costs, which were portioned out reasonably among the benefiting properties. She added that a preliminary version had been circulated for review and comments had been received regarding clarification of the number of lots. It was confirmed that there were 223 total units in Assessment Area 2, comprised of 136 40- foot units and 87 50-foot units, both of which are equal to one ERU. The estimated project costs, bond sizing, issuance costs, and debt service reserve were presented, with an estimated interest rate. The par debt per unit was calculated for each product type. The gross annual debt assessments to appear on tax bills were noted. Ms. Adams noted that a table showing all lots, current owners,
August 12, 2025	Hunt Club Grove CDD

and debt allocation was included. She said if there were no further questions, a motion was requested to approve the supplemental assessment methodology in substantial form.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-08
Delegation Resolution (Series 2025, Assessment Area Two Bonds)
Mr. Steve Sanford from Greenberg Traurig, serving as bond counsel, presented Resolution 2025-08, the delegation resolution. He explained that the resolution sets parameters in Section 3, which allowed the Chair or Vice Chair to sign the bond purchase contract if the terms were within those limits. Mr. Sanford noted that the resolution authorized a maximum principal amount of $6 million, though the Board was not bound to issue that full amount. He added that the interest rate could not exceed what Florida law permitted, and the underwriter’s compensation came from buying the bonds at 98% and reselling at 100%. Mr. Sanford reviewed the exhibits included with the resolution: the Bond Purchase Contract with FMS as underwriter, the Preliminary Limited Offering Memorandum used to market the bonds, the Continuing Disclosure Agreement requiring both the District and developer to provide information under SEC rules, and the second supplemental trust indenture that would include the specific terms for this bond issue. He then asked for a motion to adopt Resolution 2025-08.

SEVENTH ORDER OF BUSINESS	Appointment of Underwriter – FMS
Ms. Adams stated that the Board had discussed the appointment of the underwriter for the Series 2025 bond. She noted there was a letter on page 246 that authorized FMS to serve as the underwriter.
August 12, 2025	Hunt Club Grove CDD

EIGHTH ORDER OF BUSINESS	Review of Floralawn Price Reduction –
ADDED
Ms. Adams stated that they had received good news. On page 250, following negotiations with Supervisor Bonin, Floralawn agreed to a monthly service price reduction of $806.06. She said that the Board was asked to make a motion to accept the agreement addendum.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Watts stated that they were working on the ancillary bond documents and working toward a closing. He added that he would get an addendum together for the Floralawn update.

Engineer
Mr. Schmidt stated they had nothing to report.

Field Manager’s Report
Mr. Bailey reported that the central sidewalk erosion issue had been reviewed and fixed. He added that the area looked good but would continue to be monitored. He stated that the landscaping along the southern sidewalks was thriving after the recent rain. In Phase 2, the dry pond had shown some standing water and grass growth, but Floralawn had since disked the ponds, so they should be in good order.
Mr. Bailey added that he had followed up with Floralawn to ensure the work was completed, as the photos were from the previous month. He noted that additional work was delayed because the contract signatures were pending. Mr. Bailey stated that the Supervisor had asked him to visit the site that week, take pictures, and send updates. Mr. Bailey said lastly that the water that had been pooling was likely gone by then, though some might remain.
August 12, 2025	Hunt Club Grove CDD

District Manager
Approval of Check Register
Ms. Adams stated that the items for the check register were from June 2025 to August 2025. She added that the total amount was $25,162.46 and that the items included in the agenda packet were for the Board's review and approval.

Balance Sheet & Income Statement
Ms. Adams stated that the unaudited financials on page 266 were reviewed. She added that nothing was brought to the Board’s attention. She noted that the cash balance was being monitored, and collections for the fiscal year were complete. She said that the Board had controlled expenses well, with administration running under budget, and the field budget was also under, especially in areas not yet turned over to the District.

Project Development Update
Status of Property Conveyance
Status of Permit Transfers
Ms. Adams stated that she no updates.

Status of Construction Funds & Requisitions
Ratification of Series 2024, AA1 – Requisition #7
Ms. Adams stated that Bond requisition #7 covered two Trace Air invoices totaling $3,980.
She added that it had already been processed, and the Board was asked for a motion to ratify it.

TENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.
August 12, 2025	Hunt Club Grove CDD

ELEVENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TWELFTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

!!"#$%& 4

Arbitrage Rebate Computation Proposal For
Hunt Club Grove Community Development District
(City of Lake Wales, Florida)
$5,715,000
Special Assessment Bonds, Series 2024 (Assessment Area One)

August 21, 2025

Hunt Club Grove Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$5,715,000 Hunt Club Grove Community Development District (City of Lake Wales, Florida),
Special Assessment Bonds, Series 2024 (Assessment Area One)	

Dear Ms. Costa:
AMTEC is an independent consulting firm that specializes in arbitrage rebate calculations. We have the ability to complete rebate computations for the above-referenced Hunt Club Grove Community Development District (the “District”) Series 2024 (Assessment Area One) 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 7,800 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 500 bond issues aggregating more than $15 billion of tax- exempt debt in the southeastern United States. We have recently performed computations for the Magnolia West, East Park, Palm Coast Park, Windward and Town Center at Palm Coast Park Community Development Districts. Additionally, we are exclusive rebate consultant to Broward County and the Town of Palm Beach in Florida. Nationally, we are rebate consultants for the City of Tulsa (OK), the City of Lubbock (TX) and the States of Connecticut, Montana, Mississippi, West Virginia, Vermont 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 June 25th, based upon the anniversary of the closing date of the Bonds in June 2024.
Proposal

We are proposing rebate computation services based on the following:

$5,715,000 Series 2024 (Assessment Area One) Bonds
Fixed Rate Debt
Acquisition & 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 2024 (Assessment Area One) Bonds is $450 per year and will encompass all activity from June 25, 2024, the date of the closing, through June 25, 2029 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 – $5,715,000 Series 2024 (Assessment Area One) Bonds

Report Date	Type of Report	Period Covered	Fee	
August 31, 2025	Rebate and Opinion	Closing – August 31, 2025	$ 450	
June 30, 2026	Rebate and Opinion	Closing – June 30, 2026	$ 450	
June 30, 2027	Rebate and Opinion	Closing – June 30, 2027	$ 450	
June 30, 2028	Rebate and Opinion	Closing – June 30, 2028	$ 450	
June 25, 2029	Rebate and Opinion	Closing – June 25, 2029	$ 450	
In order to begin, we are requesting copies of the following documentation:
Arbitrage Certificate or Tax Regulatory Agreement
IRS Form 8038-G
Closing Memorandum
US Bank statements for all accounts from June 25, 2024, 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 	, 2025.

Hunt Club Grove
Community Development District	Consultant: American Municipal Tax-Exempt Compliance Corporation
		
By:	By:	Michael J. Scarfo Senior Vice President	

4

!!"#$%& 5

!!"#$%& "

This item will be provided under separate cover

!!"#$%& "

!!"#$%& "

Summary of Check Register

August 2, 2025 to August 22, 2025

Fund	Date	Check No.'s	Amount	

General Fund	

8/8/25	

58	$	

8,060.61	
	8/13/25	59-62	$	19,390.11	
	8/21/25	63	$	3,600.00	
		$	31,050.72	
	
 Supervisor Fees - August 2025  Patrick Bonin	

50059	$	

184.70	
	Brent Kewley	50060	$	164.70	
	Kayla Word	50061	$	184.70	
	Adam Morgan	50062	 $	184.70 		
		$	718.80	
		Total Amount	$	31,769.52	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/26/25	PAGE	1
*** CHECK NOS. 000058-000063	HUNT CLUB GROVE-GENERAL FUND BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/08/25 00015	7/01/25 33081	202507 320-53800-46200	*	8,060.61
LANDSCAPE MAINT- JUL25
FLORALAWN 2 LLC	8,060.61 000058
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/25 00007	8/04/25 69292	202507 310-51300-31500	*	282.00
GENERAL COUNSEL JUL25
COBB & COLE PA	282.00 000059
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/25 00015	6/12/25 32801	202505 320-53800-47300	*	788.48
IRRIGATION RPRS 5/28/25
7/21/25 33473	202507 320-53800-47300	*	535.07
IRRIGATION RPRS 7/14/25
8/01/25 33670	202508 320-53800-46200	*	8,060.61
LANDSCAPE MAINT AUG25
FLORALAWN 2 LLC	9,384.16 000060
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/25 00002	8/01/25 31	202508 320-53800-34000	*	1,250.00
FIELD MANAGEMENT AUG25
8/01/25 32	202508 310-51300-34000	*	3,541.67
MANAGEMENT FEES AUG25
8/01/25 32	202508 310-51300-35200	*	100.00
WEBSITE ADMIN AUG25
8/01/25 32	202508 310-51300-35100	*	150.00
INFORMATION TECH AUG25
8/01/25 32	202508 310-51300-31300	*	416.67
DISSEM AGENT SCVS AUG25
8/01/25 32	202508 310-51300-51000	*	2.71
OFFICE SUPPLIES AUG25
8/01/25 32	202508 310-51300-42000	*	16.65
POSTAGE AUG25

FEES S2024 AA1
1,061.57

AUDIT SERVICES FY24

DIBARTOLOMEO, MCBEE, HARTLEY &	3,600.00 000063
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	31,050.72
TOTAL FOR REGISTER	31,050.72 HNTC HUNT CLUB GROV KCOSTA

!!"#$%& "

Hunt Club Grove
Community Development District

Unaudited Financial Reporting
July 31, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Series 2024 Debt Service Fund	

5	
	Series 2024 Capital Projects Fund	

6	
	Month to Month	

7	
	Long Term Debt Report	

8	
	Assessment Receipt Schedule	
Hunt Club Grove
Community Development District Combined Balance Sheet
July 31, 2025

Assets:
Cash:
Operating Cash - 5374	

$	63,479	

$	

-	$	

-	$	63,479	
State Board of Administration Investments:
Series 2024
Construction	$	186,269

$	-	$

$	$

$	-	$	186,269

33,696	$	33,696	
Reserve	$	-	$	195,896	$	-	$	195,896	
Revenue	$	-	$	167,249	$	-	$	167,249	
Prepaid Expenditures	$	3,185	$	-	$	-	$	3,185	
Total Assets	$	252,933	$	363,146	$	33,696	$	649,774	
Liabilities:
Accounts Payable	

$	4,562	

$	

-	$	

-	$	4,562	
Total Liabilites	$	4,562	$	-	$	-	$	4,562	

Fund Balance:
Nonspendable:
Deposits and Prepaid Items	

$	3,185	

$	

-	$	

-	$	3,185	
Restricted:					
Series 2024 Capital Projects Fund	$	-	$	-	$	33,696	$	33,696	
Series 2024 Debt Service Fund	$	-	$	363,146	$	-	$	363,146	
Unassigned	$	245,186	$	-	$	-	$	245,186	
Total Fund Balances	$	248,371	$	363,146	$	33,696	$	645,212	
					
Total Liabilities & Fund Balance	$	252,933	$	363,146	$	33,696	$	649,774	

1
Hunt Club Grove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending July 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Assessments - Tax Roll	$	253,662	$	253,662	$	254,276	$	614	
Assessments - Direct	$	91,106	$	91,106	$	91,108	$	2	
Developer Contributions	$	-	$	-	$	14,384	$	14,384	
Interest Income	$	-	$	-	$	1,269	$	1,269	
Total Revenues	$	344,768	$	344,768	$	361,037	$	16,269	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	10,000	$	6,000	$	4,000	
FICA Expenditures	$	918	$	765	$	459	$	306	
Engineering	$	15,000	$	12,500	$	-	$	12,500	
Attorney	$	25,000	$	20,833	$	6,470	$	14,363	
Annual Audit	$	4,000	$	4,000	$	-	$	4,000	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	5,000	$	6,667	$	(1,667)	
Trustee Fees	$	3,600	$	1,062	$	1,062	$	-	
Management Fees	$	42,500	$	35,417	$	35,417	$	-	
Information Technology	$	1,800	$	1,500	$	1,500	$	-	
Website Maintenance	$	1,200	$	1,000	$	1,000	$	-	
Postage & Delivery	$	1,000	$	833	$	262	$	571	
Insurance	$	5,000	$	5,000	$	5,000	$	-	
Copies	$	1,000	$	833	$	-	$	833	
Legal Advertising	$	10,000	$	8,333	$	3,194	$	5,139	
Other Current Charges	$	5,000	$	4,167	$	360	$	3,806	
Office Supplies	$	625	$	521	$	13	$	508	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	139,268	$	116,939	$	72,579	$	44,360	

2
Hunt Club Grove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending July 31, 2025

	Adopted	Prorated Budget	Actual		
	Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Operations & Maintenance			
Property Insurance	$	7,500	$	7,500	$	353	$	7,147	
Field Management	$	15,000	$	12,500	$	7,500	$	5,000	
Landscape Maintenance	$	90,000	$	75,000	$	37,134	$	37,866	
Landscape Replacement	$	2,500	$	2,083	$	-	$	2,083	
Irrigation Repairs	$	5,000	$	4,167	$	1,324	$	2,843	
Streetlights	$	45,000	$	37,500	$	-	$	37,500	
Electric	$	5,000	$	4,167	$	-	$	4,167	
Lake Maintenance	$	8,000	$	6,667	$	-	$	6,667	
General Repairs & Maintenance	$	5,000	$	4,167	$	-	$	4,167	
Field Contingency	$	15,000	$	12,500	$	-	$	12,500	
Water & Sewer	$	5,000	$	4,167	$	3,253	$	914	
Sidewalk & Asphalt Maintenance	$	2,500	$	2,083	$	-	$	2,083	
Total Operations & Maintenance	$	205,500	$	172,500	$	49,563	$	122,937	
			
Total Expenditures	$	344,768	$	289,439	$	122,142	$	167,297	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	238,895		
			
Fund Balance - Beginning	$	-	$	9,475		
			
Fund Balance - Ending	$	-	$	248,371		

3
Hunt Club Grove
Community Development District Series 2024 - Debt Service Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending July 31, 2025

Revenues:

Assessments	$	391,793	$	391,793	$	392,742	$	949	
Interest	$	-	$	-	$	15,848	$	15,848	
Total Revenues	$	391,793	$	391,793	$	408,590	$	16,797	

Expenditures:					
Interest - 12/15	$	146,952	$	146,952	$	146,952	$	-	
Principal - 6/15	$	80,000	$	80,000	$	80,000	$	-	
Interest - 6/15	$	155,596	$	155,596	$	155,596	$	-	
Total Expenditures	$	382,548	$	382,548	$	382,548	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	9,244		$	26,042		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(7,181)	$	(7,181)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(7,181)	$	(7,181)	
					
Net Change in Fund Balance	$	9,244		$	18,861		
					
Fund Balance - Beginning	$	146,952		$	344,285		
					
Fund Balance - Ending	$	156,196		$	363,146		

4
Hunt Club Grove
Community Development District Series 2024 - Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending July 31, 2025

	Adopted	Prorated Budget	Actual			
		Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:

Interest	

$		

-	$	-	

$	79,454	

$	79,454	
Total Revenues	$		-	$	-	$	79,454	$	79,454	

Expenditures:

Capital Outlay	

$		

-	$	-	

$	5,132,249	

$	(5,132,249)	
Total Expenditures	$		-	$	-	$	5,132,249	$	(5,132,249)	
						
Excess (Deficiency) of Revenues over Expenditures	$		-	$	(5,052,795)		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$		

-	$	-	

$	7,181	

$	7,181	
Total Other Financing Sources (Uses)	$		-	$	-	$	7,181	$	7,181	
						
Net Change in Fund Balance	$		-	$	(5,045,614)		
						
Fund Balance - Beginning	$		-	$	5,079,310		
						
Fund Balance - Ending	$		-	$	33,696		

5
Hunt Club Grove
Community Development District Month to Month

Revenues:

Assessments - Tax Roll	$	-	$	-	$	253,879	$	-	$	397	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  254,276	
Assessments - Direct	$	-	$	-	$	45,554	$	-	$	22,777	$	-	$	-	$	22,777	$	-	$	-	$	-	$	-	$	91,108	
Developer Contributions	$	14,384	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	14,384	
Interest Income	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	566	$	703	$	-	$	-	$	1,269	
Total Revenues	$	14,384	$	-	$	299,433	$	-	$	23,174	$	-	$	-	$	22,777	$	566	$	703	$	-	$	-	$  361,037						

Expenditures:																		
General & Administrative:																		
Supervisor Fees	$	-	$	1,000	$	-	$	-	$	1,000	$	1,000	$	1,000	$	-	$	1,000	$	1,000	$	-	$	-  $	6,000						
FICA Expenditures	$	-	$	77	$	-	$	-	$	77	$	77	$	77	$	-	$	77	$	77	$	-	$	-  $	459						
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-						
Attorney	$	1,288	$	203	$	37	$	132	$	758	$	576	$	1,147	$	1,290	$	758	$	282	$	-	$	-  $	6,470						
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-						
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	5,000						
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-						
Dissemination	$	2,917	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	-	$	-  $	6,667						
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,062	$	-	$	-  $	1,062						
Management Fees	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	-	$	-  $	35,417						
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-	$	-  $	1,500						
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-	$	-  $	1,000						
Postage & Delivery	$	1	$	0	$	-	$	102	$	4	$	87	$	1	$	30	$	32	$	5	$	-	$	-  $	262						
Insurance	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	5,000						
Printing & Binding	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-						
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,194	$	-	$	-	$	-  $	3,194						
Other Current Charges	$	38	$	38	$	38	$	38	$	41	$	41	$	42	$	41	$	41	$	-	$	-	$	-  $	360						
Office Supplies	$	0	$	0	$	3	$	-	$	0	$	3	$	3	$	3	$	0	$	3	$	-	$	-  $	13						
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	175						
Total General & Adminstrative	$	18,210	$	5,526	$	4,286	$	4,480	$	6,088	$	5,992	$	6,478	$	5,572	$	9,310	$	6,636	$	-	$	-  $	72,579						

Operations & Maintenance																		

Property Insurance	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	353	
$	-	
$	-	
$	-	
$	-	
$	-	
$	353					
Field Management	$	-	$	-	$	-	$	-	$	1,250	$	1,250	$	1,250	$	1,250	$	1,250	$	1,250	$	-	$	-	$	7,500						
Landscape Maintenance	$	-	$	-	$	-	$	-	$	-	$	7,004	$	7,004	$	7,004	$	8,061	$	8,061	$	-	$	-	$	37,134						
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	788	$	-	$	535	$	-	$	-	$	1,324						
Streetlights	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
Lake Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
Field Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
Water & Sewer	$	-	$	-	$	-	$	320	$	528	$	-	$	483	$	852	$	495	$	575	$	-	$	-	$	3,253						
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-						
Total Operations & Maintenance	$	-	$	-	$	-	$	320	$	1,778	$	8,254	$	9,090	$	9,894	$	9,805	$	10,420	$	-	$	-	$	49,563						
																		
Total Expenditures	$	18,210	$	5,526	$	4,286	$	4,800	$	7,867	$	14,246	$	15,568	$	15,466	$	19,116	$	17,056	$	-	$	-	$  122,142						
																		
Excess Revenues (Expenditures)	$	(3,826)	$	(5,526)	$	295,147	$	(4,800)	$	15,307	$	(14,246)	$	(15,568)	$	7,311	$	(18,550)	$	(16,353)	$	-  $	-  $  238,895						
						6												
Hunt Club Grove
Community Development District Long Term Debt Report

Series 2024, Special Assessment Revenue Bonds		
Interest Rate:	4.850%, 5.375%, 5.625%	
Maturity Date:	6/15/2054	
Reserve Fund Definition	50% Maximum Annual Debt Service	
Reserve Fund Requirement	$195,896	
Reserve Fund Balance	$195,896	
Bonds Outstanding - 6/25/24	$5,715,000	
Less: Principal Payment - 6/15/25	($80,000)	
Current Bonds Outstanding	$5,635,000	

7
HUNT CLUB GROVE CDD
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments $ Net Assessments	$
272,754.42  $
253,661.61  $
421,282.78  $
391,792.99  $
694,037.20
645,454.60

39.30%	60.70%	100.00%
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	Debt	Total	

12/6/24	
11/16-11/26/24	
$694,037.20	
($27,762.68)	
($13,325.49)	
$0.00	
$652,949.03	
$256,606.90	
$396,342.13	
$652,949.03	
1/31/25	1% Prop Appraiser Fee	($6,940.37)	$0.00	$0.00	$0.00	($6,940.37)	($2,727.54)	($4,212.83)	($6,940.37)	
2/3/25	10/1-12/31/24	$0.00	$0.00	$0.00	$1,009.04	$1,009.04	$396.55	$612.49	$1,009.04	
	TOTAL	$	687,096.83	$	(27,762.68)  $	(13,325.49)  $	1,009.04	$	647,017.70	$  254,275.91	$	392,741.79	$	647,017.70	

DIRECT BILL ASSESSMENTS

Hunt Club Grove North at Lake Wales LLC 2025-01		
Net Assessments	
$91,108.16		
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	
12/4/24	12/1/24	2346073	$45,554.08	$45,554.08	
2/12/25	2/1/25	2383705	$22,777.04	$22,777.04	
5/21/25	5/1/25	2436409	$22,777.04	$22,777.04	
			$	91,108.16	$	91,108.16	

8