Myakka Ranch Community Development District
12051 Corporate Blvd., Orlando, FL 32817
Phone: 407-382-3256, Fax: 407-382-3254

The regular meeting of the Board of Supervisors of the Myakka Ranch Community Development District is scheduled for Tuesday, July 11, 2017 at 11:00 a.m. at the office of AM Engineering: 8340 Consumer Cowi, Sarasota, FL 34240.

Call in number: 1-877-864-6450 Participant Code: 974058

Board of Supervisors Meeting Business Matters
•	Call to Order
•	Roll Call
•	Public Comment Period
1.	Swearing in Julie Vitale
2.	Consideration of the Minutes of the May 9, 2017 Board of Supervisors Meeting
3.	Consideration of Resolution 2017-05, Adopting the Fiscal Year 2018 Budget and Appropriating Funds
a.	Public Comments and Testimony
b.	Board Comments
c.	Consideration of Resolution 2017-05
4.	Consideration of Fiscal Year 2018 Budget Funding Agreement
5.	Consideration of Resolution 2017-06, Setting Fiscal Year 2018 Meeting Schedule
6.	Consideration of Resolution 2017-07, Designating Primary Administrative Office
7.	Review and Acceptance of Fiscal Year 2016 Audit
8.	Consideration of Funding Request Nos. 102 - 103
9.	Statement of District's Financial Position

Other Business
•	Staff Reports
o	Attorney
o	Engineer
o	Manager

•	Audience Comments and Supervisors Requests

Adjournment

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Oath of Office

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS OATH OF OFFICE

~,·--------- ' A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA COUNTY OF SARASOTA

The foregoing oath was administered before me this 		day of 	,
2017,  by   	,who personally  appeared  before  me,  and  is personally known to me or has produced 		as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Myakka Ranch Community Development District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida

Print Name:

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Commission No.: 	Expires: 		_

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Minutes­ May 9, 2017
Board of Supervisors Meeting

MINUTES OF MEETING

MYAKKA RANCH
COMMUNITY DEVELOPMENT DISTRICT
Board of Supervisors Meeting Friday, May 9, 2017
T!te Office of AM Engineering, 8340 Consumer Court,
Sarasota, FL 34240 11:00A.M.

Present and constituting a quorum:

Michelle Orsi Patricia Buck Jen Orsi

Board Member Board Member Board Member

Also present were:

Jill Bums Wes Haber Jen Walden

Fishkind & Associates, Inc. Hopping Green & Sams Fishkind & Associates, Inc

(via phone) (via phone)

FIRST ORDER OF BUSINESS	Business Matters

Call to Order and Roll Call

Ms. Burns called to order the meeting of the Board of Supervisors of the Myakka Ranch Community Development District and proceeded with roll call. Michelle Orsi, Patricia Buck, and Jen Orsi were present, constituting a quorum. Others in attendance are outlined above.

Public Comment Period

There are no members of the public present at this time

Swearing in Julie Vitale

Ms. Vitale is not present and will be administered the Oath of Office at another time.

Consideration of the Minutes of the March 10, 2017 Board of Supervisors' Meeting

The Board reviewed the minutes from the March 10, 2017 Board of Supervisors' Meeting.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved the minutes of the March 10, 2017 Board of Supervisors' Meeting.

Consideration of Resolution 2017- 04, Approving a Preliminary Budget for Fiscal Year 2018 and Setting a Public Hearing Date

The budget is attached to the resolution as Exhibit A. Before the Board transitioned at the last meeting the District manager was asked to put together a 2-year inactive budget. It was anticipated to be about $70,000.00 and this annual budget is significantly lower than the previous year adopted budget at 50% of that 2-year estimate. The Board will be setting a cap now and send the budget to the Sarasota County 60 days prior to the public hearing date that the Board chooses.

Ms. Buck asked Mr. Haber about the Prompt Payment Policy and if it applied to the Landowner's obligation to make payments to fund the CDD. Mr. Haber said that it would not and that it applies only to money going from the CDD to somebody not to the CDD. Ms. Burns said that the Funding Agreement with the Developer says that the Landowner shall make payments for such expenses within 15 days and they are currently in violation of the Funding Agreement. Mr. Haber asked Ms. Burns to send him an email of what conespondence she has had and to try one more time info1mally. He noted that if there is not some action on their part within a week to 10 days from her next request to let him know and he will send a demand letter so that the Developer knows that the District is not going to let them get away with not fulfilling their obligations. Ms. Burns will have the accountant send an email and add the language from the Funding Agreement as well. Mr. Haber said that he has not reviewed the documents that may be in place with respect to m01igages with the Landowner on the prope1iy. He said that there may be cross default language and that the District might want to think about bringing the lender's  counsel into the loop. Ms. Buck requested that all Board Members be copied on the funding requests that are sent to the Developer. Ms. Burns will get with the District Accountant and makes sure that she includes the Board on future requests.

Ms. Burns added that the Board needs to choose a public hearing date and she and Ms. Jen Orsi had discussed holding the public hearing on July 11, 2017.

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On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved Resolution 2017-04, Approving a Preliminary Budget for Fiscal Year 2018 and setting the public hearing for July 11, 2017 at I1:00 a.m. at this location.

Consideration	of Requests No. 99-101

Funding

The Board reviewed Funding Request Nos. 99-101.

On MOTION by Ms. M. Orsi, seconded by Ms. Buck, with all in favor, the Board approved Funding Request Nos. 99-101.

Statement	of	District	Financial Position

There is no action that is required by the Board.

SECOND ORDER OF BUSINESS		Other Business Staff Reports

Attorney­ Engineer­ Manager-

No Report Not Present
The next meeting is scheduled for June 13, 2017 but Ms. Bums does not anticipate that the District will need to hold that meeting. She will contact the Board and District staff 1-2 weeks ahead of time to confirm and send out a cancellation notice.

THIRD ORDER OF BUSINESS	Audience	Comments	and
Supervisors Requests

There were no audience comments or Supervisor requests.

FOURTH ORDER OF BUSINESS	Adjournment

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Ms. Bums asked ifthere was any other business. Hearing none she requested a motion to adjourn.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the May 9, 2017 meeting of the Board of Supervisors of the Myakka Ranch Community Development District was adjourned.

Secretary/Assistant Secretary	ChairNice-Chair

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MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 2017-05,
Adopting the Fiscal Year 2018 Budget and Appropriating Funds

RESOLUTION 2017-05

THE ANNUAL APPROPRIATION RESOLUTION OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017, AND ENDING SEPTEMBER 30, 2018; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2017, submitted to the Board of Supervisors ("Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the  District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget ("Proposed Budget"), the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set July 11, 2017, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District's website at least two days before the public hearing (or if the District does not yet have its own website, the District Manager timely transmitted the Proposed Budget to the manager or administrator of Sarasota County for posting on Sarasota County's website); and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October I st of each year, the District Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

a.	The Board of Supervisors has reviewed the District Manager's Proposed  Budget, a copy of which is on file with the office of the District Manager and at the

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District's Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

b.	The District Manager's Proposed Budget, attached hereto as Exhibit "A," as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

c.	The adopted budget, as amended, shall be maintained in the office of the District Manager and at the District's Records Office and identified as "The Budget  for the Myakka Ranch Community Development District for the Fiscal Year Ending September 30, 2018," as adopted by the Board of Supervisors on July 11, 2017.

d.	The final adopted budget shall be posted by the District Manager on the District's official website within thirty (30) days after adoption. If the District does not yet have its own website, the District Manager is directed to transmit the  final adopted budget to the manager or administrator of Sarasota County for posting on Sarasota County's website.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the Myakka Ranch Community Development District, for the fiscal year beginning October I, 2017, and ending September 30, 2018, the sum of $35,550 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND TOTAL ALL FUNDS
SECTION 3. BUDGET AMENDMENTS

$35,550

$35,550

Pursuant to Section 189.016, Florida Statutes, the District at any time within the fiscal year or within 60 days following the end of the fiscal year may amend its budget for that fiscal year as follows:

a.	The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

b.	The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not

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increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

c.	By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

d.	Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016 of the Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District's website within 5 days after adoption. If the District does not yet have its own website, the District's Secretary is directed to transmit such amendments to the manager or administrator of Sarasota County for posting on Sarasota County's website.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 11th DAY OF JULY, 2017.

ATTEST:	MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chair, Board of Supervisors

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EXHIBIT A
Myakka Ranch Community Development District
Adopted Fiscal Year 2018 Annual Operations & Maintenance Budget

Adopted FY 2017 Budget

Actual thro ugh 5/31/17 Adopted FY 2018 Budget

Revenues

Developer Contributions	$242,640.00	$176,884.57	$35,550.00	
Net Revenues	$242,640.00	$176,884.57	$35,550.00	

General & Administrative Ex11enses				
Supervisor Fees	12,000.00	2,600.00	2,000.00	
Engineering Fees	50,000.00	11,360.00	5,000.00	
District Counsel	35,000.00	13,664.78	7,500.00	
Trustee Fee	5,000.00	0.00	0.00	
Dissemination Agent	5,000.00	0.00	0.00	
Audit Fees	5,500.00	2,500.00	2,750.00	
Arbitrage Fee	1,200.00	0.00	0.00	
Assessment Roll Fee	5,000.00	0.00	0.00	
District Management Fees	20,000.00	13,333.36	10,000.00	
Telephone	200.00	6.23	100.00	
Postage	150.00	94.62	25.00	
Public Official Insurance	2,500.00	0.00		
General Insurance	5,665.00	4,750.52	5,500.00	
Copies	200.00	0.00	100.00	
Travel & Per Diem	2,000.00	0.00	250.00	
Legal Advertising	4,000.00	268.13	500.00	
Office Supplies	200.00	0.00	0.00	
Website Maintenance Fee	900.00	600.00	900.00	
Dues, Licenses & Fees	175.00	175.00	175.00	
Bank Fees	250.00	0.00	250.00	
Miscellaneous Charges	2,500.00	0.00	500.00	
Street lights - Electric	18,000.00	0.00	0.00	
Lake Bank Maintenance	7,200.00	0.00	0.00	
Wetland Mitigation & Monitoring	60,000.00	0.00	0.00	
Total General & Administrative Expenses	$242,640.00	$49,352.64	$35,550.00	

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2018 Budget Funding Agreement

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR2017/2018 FUNDING AGREEMENT

This agreement ("Agreement") is made and entered into this  	 2017, by and between:

day of 	,

Myakka Ranch Community Development District, a local unit of special­ purpose government established pursuant to Chapter 190, Florida Statutes, and located in Sarasota County, Florida (hereinafter "District"), and

Lake Park Estates, LLC, a Michigan limited liability company and a landowner in the District (hereinafter "Landowner") with an address of

RECITALS

WHEREAS, the District was established by Chapter 42KKK-1, Florida Administrative Code, for the purpose of planning, financing, constructing, operating and/or maintaining ce1iain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Landowner presently owns the majority of all real property described in Exhibit A, attached hereto and incorporated herein ("Property"), within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budget for the Fiscal Year 2017/2018, which year commences on October 1, 2017, and concludes on September 30, 2018; and

WHEREAS, this general fund budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit B; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Prope1iy, that will benefit from the activities, operations and services set forth in the 2017/2018 Fiscal Year budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on tlie Prope1iy, the Landowner is willing to provide such ftmds as are necessary to allow the District to proceed with its operations as described in Exhibit B; and

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WHEREAS, the Landowner agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit B to the Property; and

WHEREAS, the Landowner has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Prope1iy located within the District for the activities, operations and services set forth in Exhibit B; and

WHEREAS, Landowner and District desire to secure such budget funding through the imposition of a continuing lien against the Property described in Exhibit A and otherwise as provided herein.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the paiiies, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

I. FUNDING. The Landowner agrees to make available to the Distr·ict the monies necessary for the operation of the District as called for in the budget attached hereto as Exhibit  B, as may be amended from time to time in the District's sole discretion, within twenty-eight
(28) days of written request by the District. Amendments to the District's 2017/2018 Fiscal Yem budget as shown on Exhibit B adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without fmiher action of the parties. Funds provided hereunder shall be placed in the District's general checking account. These payments are made  by the Landowner in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.

2.	CONTINUING LIEN. District shall have the right to file a continuing lien upon the Prope1iy described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys' fees, pai·alegals' fees, expenses and comi costs incurred by the District incident to the collection of funds under this Agreement or for enforcement this lien, and all smns advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve  and protect the District's lien. The lien shall be effective as of the date and time of the recording of a "Notice of Lien for FY 2017/2018 Budget" in the public records of Sai-asota County, Florida, stating among other things, the description of the real prope1iy and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for FY 2017/2018  Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager's direction, the District may also bring an action at law against the record title holder to the Property to pay the amount due under this Agreement, or may foreclose the lien against the Property in any manner authorized by law. The District may partially release any filed lien for pmiions of the Property subject to a plat if and when the Landowner has demonstrated, in the District's sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Landowner sells any of the Prope1iy described in Exhibit A after the execution of this

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Agreement, the Landowner's rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining Property owned by the Landowner.

3.	ALTERNATIVE COLLECTION METHODS.

a.	In the alternative or in addition to the collection method set forth in Paragraph 2 above, the District may enforce the collection of funds due under this Agreement by action against the Landowner in the appropriate judicial forum in and for Sarasota  County,  Florida. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required  to enforce  this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

b.	The District hereby finds that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Prope1iy, which benefit is initially allocated on an equal developable acreage basis. The Landowner agrees that the activities, operations and services set fmih in Exhibit B provide a special and peculiar benefit to the Prope1iy equal to or in excess of the costs set fmih in Exhibit B, on an equal developable acreage basis. Therefore, in the alternative or in addition to the other methods of collection set fmih in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197 or under any method  of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be ce1iified on the next available tax roll of the Sarasota County prope1iy appraiser.

4.	AGREEMENT; AMENDMENTS. This instrument  shall  constitute  the  final and complete expression of the agreement between the pmiies relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.

5.	AUTHOIUZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

6.	ASSIGNMENT. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be umeasonably withheld.

7.	DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations wider this Agreement in the manner described herein in Paragraphs 2 and 3 above.

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8.	THIRD PARTY RIGHTS; TRANSFER OF PROPERTY. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue  upon or by reason hereof, to or for the benefit of any third party not a fonnal pmiy hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the pmiies hereto and their respective representatives, successors and assigns. In the event the Landowner sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Landowner shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Landowner shall give ninety (90) days prior written notice to the District  under this Agreement of any such sale or disposition.

9.	FLORIDA LAW GOVERNS. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue shall be in Sarasota County, Florida.

10.	ARM'S LENGTH TRANSACTION. This Agreement has been negotiated fully between the pmiies as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

I 1. EFFECTIVE DATE. The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its tennination, until all payments due under this Agreement are paid in full.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

Attest:	Myakka Ranch Community
Development District

 	

Secretary/Assistant Secretary

By:----===---

Its:	 	. ,

; ,. 1,

Witness:

Lake Park Estates, LLC, a M1ichigan limited liability company

Witness

lBtsy::    	

===_------

EXHIBIT A: Prope1iy Description
EXHIBIT B: Fiscal Year 2017-2018 General Fund Budget

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Exhibit A Property Description

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·	---;,	.		,. "'-		.

5 :>< h, t. ,-1--	A,

42KKK-l.002 Boundary.
The boundaries of the district are as follows:
A tract of land lying in Sections 17, 19 and 20, all in Township 36 South, Range  20 East and Section  24, Township 36 South, Range 19 East, all within Sarasota County, Florida lying north of the northerly right-of-way line  of Fruitville Road (S.R. #780 - Section 17040-2504, a variable width public right-of-way) as recorded  in Road  Plat Book 2, Page 7 and an additional portion of which is recorded in Official Record Book 2897, Page 1119, Public Records of Sarasota County, Florida; said tract being more particularly described as follows:
BEGIN at the southwest corner of said Section 17, also being the northwest corner of said Section 20 and  the northeast comer of said Section I 9; thence N. 00° 18 1 22"E., along the west line of said Section 17, a distance of 5,423.41 feet to the northwest comer of said Section I 7; thence S. 88° OJ' 33"E., along the north line of said Section 17, a distance of 5,265.90 feet to the northeast comer of the above mentioned Section 17; thence S. 00° 07' 37"W., along the east line of said Section 17, a distance of 5,279.93 feet to the southeast comer of said Section 17, also being  the  northeast  comer  of  the above  mentioned  Section  20;  thence S.  00°  52'  5311E., along  the east  line of said Section 20, a distance of2,303.50 feet to a point on the northerly right-of-way line of the above mentioned Fruitville Road; thence along said northerly right-of-way line for the following thirty-seven (37) calls;(!) thence N. 64° 32' 55"W., a distance of 267.28 feet; (2) thence N. 63° 37' 55"W., a distance of 500.00 feet;  (3)  thence  N. 63°  31' 03"W., a distance of 1,463.28 feet to the point of curvature of a non tangent curve to the  left, of which  the radius point lies S. 18° 42' 40"W., a radial distance of 1,959.86 feet; (4) thence westerly  along  the arc  of said  curve, through a central angle of 09° 06' 41", an arc length of 3 I1.66 feet to the point of tangency of said curve; (5) thence
N. 08° 25' 50"E., a distance of 13.00 feet to a point of cuivature of a curve to the left having a radius of 90.00 feet and a central angle of71° 56'26"; (6) thence northwesterly along the arc of said curve a distance of 113.00 feet to the point of tangency of said curve; (7) thence N. 63° 30' 36"W., a distance of 25.01 feet; (8) thence S. 26° 29' 24"W., a distance of 80.00 feet; (9) thence S.63°30'36"E., a distance of 25.01 feet to a point of curvature of a curve to the right having a radius of 10.00 feet and a central angle of71° 56' 26"; (10) thence southeasterly along the arc of said curve a distance of 12.56 feet to the point of tangency of said curve; (11) thence S. 08° 25' 50"W., a distance of
13.00 feet to the point of curvature ofa non tangent curve to the left, of which the radius point lies S. 07° 15' 40"W., a radial distance of 1,959.86 feet; (12) thence westerly along the arc of said.curve, through a central angle of07° 00' 27", an arc length of 239.70 feet to the point of tangency of said curve; (13) thence N. 89° 44' 48"W., a distance of 1,417.43 feet; (14) thence N. 00° 14' 57"E., a distance of34.l2 feet; (15) thence N.l2°56'49"E., a distance of54.36 feet; (16) thence N. 62° 21' 57"E., a distance of 31.19 feet; (17) thence N. 27° 38' 03"W., a distance of 73.00 feet;
(18) thence S. 62° 21' 57"W., a distance of 187.00 feet; (19) thence S. 67° 52' 39"W., a distance of 114.53 feet; (20) thence S. 75° 24' 53"W., a distance of 149.15 feet; (21) thence S. 86° 14' 57"W., a distance of 100.24  feet; (22) thence continue S. 86° 14' 57"W., a distance of 137.83 feet; (23) thence N. 89° 10' 25"W., a distance of362.52 feet;
(24) thence N. 89° 44' 48"W., a distance of279.08 feet; (25) thence N. 89° 41' 05"W., a distance of221.09 feet; (26)
thence N. 89° 57' 05"W., a distance of 500.00 feet; (27) thence S. 89°47' 52"W., a distance of 119.37 feet; (28) thence N. 89° 51' 33"W., a distance of 181.14 feet; (29) thence S.88°16'06"W., a distance of277.29 feet; (30) thence
S. 87° 59' 25"W., a distance of423.14 feet; (31) thence S. 88° 20' 02"W.,  a distance of 500.01  feet; (32) thence S. 87° 32' 03"W., a distance of25l.21 feet; (33) thence S. 88° 06' 56"W., a distance of249.26  feet; (34)  thence  N. 01° 35' 42"W., a distance of 19.35 feet; (35) thence S. 89° 05' 0l"W., a distance of 2,314.66  feet  to  the  point  of curvature of a non tangent curve to the right, of which the radius point lies N.00°50'36"W., a radial distance of 34,327.48 feet; (36) thence westerly along the arc of said curve,  through  a central  angle of01°16'45",  an arc length of 766.38 feet to the point of tangency of said curve; (37) thence N. 89° 33' 50"W., a distance of 2,251.79 feet to a point on the west line of the Northeast 1/4 of the above mentioned  Sectiqn  24; thence  N.00°03'08"E., along said west line, a distance of 1,246.63 feet to a point on the north line of said Section 24; thence S. 89° 37' 39"E., along said  north line, a distance of 2,646.24 feet to the northeast comer of said Section 241   also being the northwest comer
·of  the above  mentioned  Section  19;  thence  N. 89° 071  23"E., along  the  north  line of said Section  19, a distance  of
2,707.30 feet to the north 1/4 corner of said Section 19; thence N. 89° 09' 09"E., continue along said north line of Section 19, a distance of 2,709.53 feet to the POINT OF BEGINNING, also being the northeast  corner  of said Section 19, the northwest comer of the above mentioned Section 20 and the southwest corner  of  the  above mentioned Section 17.
Containing 45,960,f98 square feet or 1,055.10 acres, more or less.
Specific Authority /90.005 FS. law lmplemet1ted /90.004, /90.005 FS. Histo New 3-9-08.

Exhibit B

Fiscal Year 2017-2018 General Fnnd Budget

7

EXHIBIT B
Myakka Ranch Community Development District
Adopted Fiscal Year 2018 Annual Operations & Maintenance Budget

Adopted FY 2017 Budget

Actual through 5/31/17 Adopted FY 2018 Budget

Revenues

Developer Contributions	$242,640.00	$176,884.57	$35,550.00	
Net Revenues	$242,640.00	$176,884.57	$35,550.00	

General & Administrative Ex[!enses				
Supervisor Fees	12,000.00	2,600.00	2,000.00	
Engineering Fees	50,000.00	11,360.00	5,000.00	
District Counsel	35,000.00	13,664.78	7,500.00	
Trustee Fee	5,000.00	0.00	0.00	
Dissemination Agent	5,000.00	0.00	0.00	
Audit Fees	5,500.00	2,500.00	2,750.00	
Arbitrage Fee	1,200.00	0.00	0.00	
Assessment Roll Fee	5,000.00	0.00	0.00	
District Management Fees	20,000.00	13,333.36	10,000.00	
Telephone	200.00	6.23	100.00	
Postage	150.00	94.62	25.00	
Public Official Insurance	2,500.00	0.00		
General Insurance	5,665.00	4,750.52	5,500.00	
Copies	200.00	0.00	100.00	
Travel & Per Diem	2,000.00	0.00	250.00	
Legal Advertising	4,000 .00	268.13	500.00	
Office Supplies	200.00	0.00	0.00	
Website Maintenance Fee	900.00	600.00	900.00	
Dues, Licenses& Fees	175.00	175.00	175.00	
Bank Fees	250.00	0.00	250.00	
Miscellaneous Charges	2,500.00	0.00	500.00	
Street lights - Electric	18,000.00	0.00	0.00	
Lake Bank Maintenance	7,200.00	0.00	0.00	
Wetland Mitigation & Monitoring	60,000.00	0.00	0.00	
Total General & Administrative Expenses	$242,640.00	$49,352.64	$35,550.00	

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 2017-06,
Setting Fiscal Year 2018 Meeting Schedule

RESOLUTION 2017-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT DESIGNATING DATES, TIME AND LOCATION FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Myakka Ranch Community Development District (hereinafter the "District") is a local unit of special-prupose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Sarasota County, Florida; and

WHEREAS, the District is an independent special district as defined in Chapter 189, Florida Statutes and subject to certain requirements therein; and

WHEREAS, Section 189. 015(1), Florida Statutes requires that the Board file a schedule of its regular meeting dates, times, and location either quarterly, semi-annually, or annually with the local governing authority and the Florida Department of Economic Opportunity; and

WHEREAS, the District is required by Section 189.069(13) to post the regular meeting dates, times, and locations on its official website, and cause the same to be published in a newspaper of general circulation; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT:

Section 1. Regular meetings of the Board of Supervisors of the District shall be held as provided on the schedule attached as Exhibit "A".

Section 2. In accordance with Sections 189.015 (!), and 189.069(13), Florida Statutes, the District's Secretmy is hereby directed to file this resolution with Sarasota County, Florida, publish a notice of the regular meeting dates, times, mid locations in a newspaper of general circulation, and post the same on the District's official website.

Section 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 11th DAY OF JULY, 2017.

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

CHAIRMAN

ATTEST:

SECRETARY/ASSISTANT SECRETARY

EXHIBIT "A"
BOARD OF SUPERVISORS MEETING DATES MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT
FOR FISCAL YEAR 2017/2018

October 10, 2017
November 14, 2017
December 12, 2017
January 9, 2018
February 13, 2018
March 13, 2018
-6PJ  il 10,2018
May 8, 2018
June 12, 2018
July 10, 2018
August 14, 2018
September 11, 2018

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 2017-07, Designating Primary Administrative Office

RESOLUTION 2017-07

A RESOLUTION BY THE BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT DESIGNATING THE PRIMARY ADMINISTRATIVE OFFICE AND PRINCIPAL HEADQUARTERS OF THE DISTRICT AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Myakka Ranch Community Development District (the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Sarasota County, Florida; and

WHEREAS, the District desires to designate its primary administrative office as the location where the District's public records are routinely created, sent, received, maintained, and requested, for the purposes of prominently posting the contact infmmation of the District's Record's Custodian in order to provide citizens with the ability to access the District's records and ensure that the public is informed of the activities of the District in accordance with Chapter 119, Florida Statutes; and

WHEREAS, the District additionally desires to specify the location of the District's principal headquarters for the purpose of establishing proper venue under the common law home venue privilege applicable to the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The District's primary administrative office for purposes of Chapter 119, Florida Statutes, shall be located at 12051 Cmporate Blvd., Orlando, FL 32817.

SECTION 2. The District's principal headquarters for purposes of establishing proper venue shall be located at  	,within  	_ County, Florida.

SECTION 3. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 11th day of July, 2017

ATTEST:	MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2016 Audit

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information

Page 1-2
3-5

6
7

8

9

10

11
12-17

18
19

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	20-21
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	22
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	23-24

o	G rau& Associates

2700 North Military Trail • Suite 350 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2016, which collectively comprise the District's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund, of the District as of September 30, 2016, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated May 22, 2017, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated May 22, 2017, on our consideration of the District's compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
i?-4,<,-
May 22, 2017

2

MANAGEMENT'S DISCUSSION AND ANALYSIS

The management of the Myakka Ranch Community Development District, Sarasota County, Florida ("District") would like to offer the readers of the District's financial statements this discussion and analysis of the District's financial activities for the fiscal year ended September 30, 2016. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

•	The assets of the District exceeded liabilities at the close of the most recent fiscal year resulting in a net position balance of $923.

•	The District's total net position did not change in comparison with the prior fiscal year. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

•	At September 30, 2016, the District's governmental funds reported combined ending fund balances deficit of $(138,153), a decrease of $(73,013) in comparison with the prior fiscal year. The total fund balance is unassigned, (deficit) fund balance.

•	During fiscal year 2016, the District implemented Governmental Accounting Standards Board ("GASB") Statement No. 72, Fair Value Measurement and Application, GASB Statement No. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments, and GASB Statement No. 79, Certain External Investment Pools and Pool Participants. Please see New Accounting Standards Adopted in Note 2 of the financial statements for additional information.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District's basic financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) function.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category, the governmental funds.

3

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and capital projects fund, which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

Key components of the District's net position are reflected in the following table:

NET FDSrrlON SEF'fEMBER 30,
 	2016	2015	
Assets	 $  139,722	$	66,298
Total assets	 	139,722	66,298
Liabilities	 	138,799	65,375
Total liabilities	 	138,799	65,375
Net Position
Unrestricted	 	923	923
Total net position	$	923	$	923
The District's net position did not change during the most recent fiscal year.

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

Key elements of the change in net position are reflected in the following table:

CHANGES INNET FDSrrKlN
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
 	2016	2015	
Revenues:
Program revenues
Operating grants and contributions		$ 48,293  $  61,717 Capital grants and contributions	 		33,020	31,535 Total revenues	 		81,313	93,252
Expenses:
General government	 	81,313	93,163
Total expenses	 	81,313	93,163
Change in net position	 	89
Net pasition - beginning	 	923	834
Net pasition - ending	$ 	923	$	923

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2016 was $81,313. The costs of the District's activities were entirely funded by program revenues. Program revenues are comprised of Developer contributions.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide property owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Myakka Ranch Community Development District's Finance Department at 12051 Corporate Boulevard, Orlando, Florida 32817.

5

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY,  FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2016

Gol.l'lrnmental
  Actil!ties	
ASSETS
Cash	$	181
Due from Del.l'lloper	 	139,541
Total assets	 	139,722

LIABILITIES		
Accounts payable	 	138,799	
Total liabilities	 	138,799	
NET POSITION
Unrestricted	
 	923	
Total net position	$	923
-    -  - --------	

See notes to the financial statements

6

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

Functions/Programs Primary go,ernment:
Governmental activities:

Expenses

Program Re\enues
Operating	Capital
Grants and		Grants and Contributions	Contributions

Net (Expense) Re,enue and Changes in Net Position

Go,emmental Acti\ities

General go,ernment
Total go,ernmental acti\ities

$	81,313	$	48,293	$	33,020	$

81,313	48,293	33,020

Change in net position
Net position - beginning	
923	
Net position - ending	$	923	

See notes to the financial statements

7

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2016

Major Funds		Total Caprtal	Gol.l'lrnmental
 	General	Projects	Funds
ASSETS
Cash	$	181	$	$	181
Due from Del.l'lloper	 	76,467	63,074	139,541
Total assets	$ 	76,648	$	63,074    $	139,722

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable	$ 	75,725	$	63,074	$	138,799
Total liabilities	 	75,725	63,074	138,799

Deferred inflows of resources:
Unavailable rel.l'lnue	 	76,002	63,074	139,076 

Fund balances:		
Unassigned	(75,079)	(63,074)	(138,153)	
Total fund balances	 	(75,079) 	(63,074)	(138,153)	

Total liabilities, deferred inflows of resources
and fund balances	$	76,648	$	63,074	$	139,722

See notes to the financial statements

8

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET­ GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2016

Total fund balances - go\.l'lrnrnental funds
Amounts reported for go\.l'lrnrnental actilities in the statement of net

$ (138,153)

position are different because:		
Assets recorded in the go\.l'lrnmental fund financial statements that are not available to pay for current-period expenditures are		
unavailable re\.l'lnue in the go\.l'lrnmental funds.	139,076	
Net position of go\.l'lrnmental actilities	$	923	

See notes to the financial statements

9

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

Major Funds
Capital

Total Gm.ernmental

General

Projects

Funds

REVENUES		
Om.eloper contributions	    $	8,300	$	$	8,300 	
Total re1.enues	8,300	8,300	

EXPENDITURES
Current:		
General go1.ernment	48,293	33,020	81,313	
Total expenditures	48,293	33,020	81,313	

Excess (deficiency) of re1.enues				
01.er (under) expenditures	(39,993)	(33,020)	(73,013)	
Fund balances - beginning	(35,086)	(30,054)	(65,140)	

Fund balances - ending	
$	(75,079)	
$	(63,074)	
$	(138,153)	

See  notes to the financial statements

10

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

Net change in fund balances - total go1,13rnmental funds
Amounts reported for go1,13rnmental actilities in the statement of actilities are different because:
Re\Bnues in the statement of actilities that do not prolide current financial resources are unavailable and not reported as re1,13nues in

$	(73,013)

the fund financial statements.	73,013

Change in net position of go1,13rnmental activities

=$======

See notes to the financial statements

11

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 -NATURE OF ORGANIZATION AND REPORTING ENTITY

Myakka Ranch Community Development District ("District") was created by Rule 42kkk-1 on March 9, 2008 by the Florida Land and Water Adjudicatory Commission and established pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are presently elected on an at large basis by the owners of the property within the District. Ownership of land within the District entitles the owner to one vote per acre. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2016 all of the Board members are affiliated with the Developer.

The Board has the final responsibility for, among other things:
1.	Assessing and levying assessments.
2.	Approving budgets.
3.	Exercising control over facilities and properties.
4.	Controlling the use of funds generated by the District.
5.	Approving the hiring and firing of key personnel.
6.	Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of inteliund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

12

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments levied on all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal year for which annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for payments through February 28 and become delinquent on April 1. Alternatively, the District adopts a resolution providing for the collection dates and directly collects the assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District's operations for the fiscal year ended September 30, 2016 were funded by Developer contributions.

The District reports the following major governmental fund:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

New Accounting Standards Adopted
During fiscal year 2016, the District adopted three new accounting standards as follows:

GASB 72, Fair Value Measurement and Application
The Statement improves financial reporting by clarifying the definition of fair value for financial reporting purposes, establishing general principles for measuring fair value, providing additional fair value application guidance, and enhancing disclosures about fair value measurements. These improvements are based in part on the concepts and definitions established in Concepts Statement No. 6, Measurement of Elements of Financial Statements, and other relevant literature.

13

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

New Accounting Standards Adopted (Continued)

GASB 76 - The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments The Statement identifies-in the context of the current governmental financial reporting environment-the sources of accounting principles used to prepare financial statements of state and local governmental entities in conformity with generally accepted accounting principles (GAAP) and the framework for selecting those principles.

GASB 79 - Certain External Investment Pools and Pool Participants
This Statement establishes accounting and financial reporting standards for qualifying external investment pools that elect to measure for financial reporting purposes all of their investments at amortized cost. This Statement also establishes accounting and financial reporting standards for state and local governments that participate in a qualifying external investment pool that measures for financial reporting purposes all of its investments at amortized cost.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District's cash on hand and demand deposits are considered to be cash and cash equivalents.

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415
(17)	Florida Statutes. The District may invest any surplus public funds in the following:

a)	The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperation Act;
b)	Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
c)	Interest bearing time deposits or savings accounts in qualified public depositories;
d)	Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Inventories and Prepaid Items
Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased.

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid iterns in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

14

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Capital Assets (Continued)
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are completed and placed in service.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts, as well as issuance costs, are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s). For example, the District would record deferred outflows of resources on the statement of net position related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).

Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s). For example, when an asset is recorded in the governmental fund financial statements, but the revenue is unavailable, the District reports a deferred inflow of resources on the balance sheet until such times as the revenue becomes available.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance -Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance - Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

15

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Fund Equity/Net Position (Continued)
The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 - BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
a)	Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
b)	Public hearings are conducted to obtain public comments.
c)	Prior to October 1, the budget is legally adopted by the District Board.
d)	Subject to certain limited exceptions set forth in the District's annual appropriations resolution, all budget changes must be approved by the District Board.
e)	The budgets are adopted on a basis consistent with generally accepted accounting principles.
f)	Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 - DEPOSITS

The District's cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

16

NOTE 5 - PROPOSED PROJECT

The infrastructure intended to serve the District has been estimated at a total cost of approximately
$16,900,000. The infrastructure will include potable water and wastewater systems, storm water drainage system improvements, offsite road improvements and utility extensions. Upon completion certain assets will be conveyed to other entities for ownership and/or maintenance. No Bonds have been issued to finance the project as of the date of the report.

NOTE 6 - DEVELOPER TRANSACTIONS AND CONCENTRATION

All of the general and capital projects fund revenues were from Developer contributions of which $139,541 is shown as due from Developer and $139,076 is shown as unavailable revenue. Subsequent to September 30, 2016, the District received the entire amount recorded as due from Developer.

The District's activities are dependent on the continued involvement of the Developer, the loss of which could have a material adverse effect on the District's operations.

NOTE 7 - MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 8 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

17

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

REVENUES

Budgeted Amounts	Actual
     Original & Final	Amounts

Variance with Final Budget - Positi1.e (Negati1.e)

De1.eloper contribution Total re1.enues

   $	209,975    $	8,300	(201,675) 
 	209,975	8,300	(201,675)

EXPENDITURES
Current:
General go1.ernment	 	209,975	48,293	161,682 	
Total expenditures	 	209,975	48,293	161,682 	
Excess (deficiency) of re1.enues 01.er (under) expenditures	
$	(39,993)  $	(39,993)	

Fund balance - beginning	
 	(35,086)	
Fund balance - ending	   $	(75,07Jl 	

See notes to required supplementary information

18

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the General Fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors.

19

o G rau& Associates

2700 North Military Trail • Suite 350 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated May 22, 2017.

Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

20

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
1P,4,,,, J-
May 22, 2017

21

o Grau& Associates

2700 North Military Trail • Suite 350 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida

We have examined Myakka Ranch Community Development District, Sarasota County, Florida's ("District") compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2016. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2016.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Myakka Ranch Community Development District, Sarasota County, Florida and is not intended to be and should not be used by anyone other than these specified parties.
,i?,,.,,,.,.J-..
May 22, 2017

22

o Grau& Associates

2700 North Military Trail • Suite 350 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of SupeNisors
Myakka Ranch Community Development District Sarasota County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2016, and have issued our report thereon dated May 22, 2017.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reports and Schedule

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with A/CPA Professional Standards, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 22, 2017, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, inconnection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

I.	Current year findings and recommendations.
II.	Status of prior year findings and recommendations.
Ill. Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor Genera,l Federal and other granting agencies, as applicable, managemen,tand the Board of SupeNisors of Myakka Ranch Community Development District, Sarasota County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Myakka Ranch Community Development District, Sarasota County, Florida and the personnel associated with it, for the opportunity to be of seNice to them in this endeavor as well as future engagements, and the courtesies extended to us.

jp,-4,,v. r	..
May 22, 2017

23

REPORT TO MANAGEMENT

I.	CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

II.	PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

Ill. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otheiwise required to be reported in the auditor"s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

1.	A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2015.

2.	Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2016.

3.	Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2016.

4.	The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

5.	The financial report filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes agrees with the September 30, 2016 financial audit report.

6.	The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

7.	We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2016. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

24

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Requests 102 -	103

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

'

..

t	-  -    ,-----   --    ., -• ·;' '	'   ,,	. - -- -
. !	., Pleasemake check p ya le,to:

Fund ing Request No. 102
5/15/2017

i '.. -.	..  IIJ1yak a R_ anc   o  o· ,· _  ..	,
L  1,2Q5 C,orp  a e.a 'f.  p rlan90 , FL 3281,7" ·

Item	Attn: Steve Lawson (steve@windhamdevelopment.com)

Payee	

Invoice	

General	

Construction	
No.		No.	Fund	Fund	

1	
IPFS Corporation			
	Insurance DUE 06/01/2017	GAA-563574-5	$465.26	
2	Fishkind & Associates,Inc.			
	OM Fees and Reimbursables - 2017.04	20419	$1,741.67	
3	Hopping Green & Sams			
	Lega l Serv ices thr u 03.3 1.2017	93637	$1,246.00	
4	Grau & Associates, Inc.			
	Audit FY16	15564	$2,500.00	
5	BusinessObserver			
	Mee ting 2017.05.09	17 - 01267S	$46.75	
5	Supervisors Fees			
	Meeting 2016.09.13		$400.00	
	Meeting 2017.05.09		$600.00	

TOTAL

$6,999 .68	$0 .00

$6,999.68

Chairperson

INSURED

Written notations on this coupon will NOT be received. To ensure proper credtt, tnclude coupon with payment.

(0S/10) Copyright 2010 IPFS Corporation

$22.16

MYAKKA RANCH COMMUNITY DEVELOPMENT C/O FISHKIND & ASSOCIATES, INC.
12051 CORPORATE BLVD
ORLANDO, FL 32817-1450

-h··c;·\··:·,tkt'i](11-riottey!'.irL:::-·:;
PAYMENT NO. ACCOUNT NUMBER DUE DATE
8	GAA-563574	06/01/17

PAYMENT DUE:
LATE FEE:

$443.10

Nlake online payments or view account information at www.ipfs.com.
Please use this access code l99JLX3L to register (first time users).

For any correspondence or overnight, priority, or
other special delivery, send to:
1055 BROADWAY
11TH FLOOR
KANSAS CITY, MO 64105
Questions? Ca!! (800)584--9969

MAKE CHECK PAYABLE AND REMIT TO:
IPFS CORPORATION
P.O. Box 730223 Dallas, TX 75373-0223

::;;;:1:;1;_;;.;;fif+:l	$46_s._26
GAA05635749 □□□□□4431□2

DETACH HERE

Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817

FISHKIND
& ASSOCIATES

1l_	1

l

lJ

4/14/2017

Myakka Ranch COD Orlando, FL 32817

Invoice

Invoice#: l20419

File: MyakkaRanchDM D'IVl,.I IVI.  11.....1 Iii.A   -• I  •-  • I\,
Services:	Amount	
District Management Fee: April 2017 Website Fee

0-.trrrl--
f(l {1	(),DI. ex;'
{ »i.	Obi•·	'=3 ll(l,t)w
'?J€1{)J •	I  ,iJ-V
J,i.'l .. JI	1,666.67	
				75.00	

Please include the invoice number on your remittance and submit to:
Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817
Ph: 407-382-3256
Fax: 407-382-3254
www.fishkind.com

Balance Due	$1,741.67

Hopping Green & Sams
Att9meys and Counselors

119 S. Monroe Street, Ste. 300
P.O. Box 6526
Tallahassee, FL 32314
850.222.7500
======-========================== STATEMENT =================================
April 30, 2017
Myakka Ranch COD	BIii Number	93637	
c/o Fishkind & Associates, Inc.	Billed through	03/31/2017	
12051 Corporate Blvd.
Orlando, FL 32817		

General Counsel/Monthly Meeting		
MRCDD	00001	WSH		

FOR PROFESSIONAL SERVICES RENDERED
03/01/17	JEM	Review issues regarding refinancing of developer loan,

0.30 hrs

03/08/17	WSH

03/08/17	JLE

Review documents and confer with Earlywine regarding funding agreement and board transition.

Confer with Lawson regarding Board meeting; prepare estoppel certificate and funding agreement; e-mail correspondence regarding the same; revise documents based on comments received; confer with Hobby regarding the same; continue to review and revise estoppel letter and funding agreement.

1.10 hrs

1.50 hrs

03/08/17	KEM	Research FY 2017 budget; prepare budget funding agreement.	0.50 hrs

03/09/17	WSH	Confer with Orsi, Hobby and Buck regarding special meeting.	0.40 hrs

03/09/17	KEM	Prepare budget funding agreement.	0.30 hrs
03/10/17		WSH	Prepare for and participate in board meeting.		o.so hrs Total fees for this matter	$1,246.00

MATIER SUMMARY

Merritt, Jason E.	0.30 hrs	325 /hr	$97.50	
Earlywine, Jere L.	1.50 hrs	275 /hr	$412.50	
Ibarra, Katherine E. - Paralegal	0.80 hrs	145 /hr	$116.00	
Haber, Wesley S.	2.00 hrs	310 /hr	$620.00	

TOTAL FEES	$1,246.00
- -
TOTAL CHARGES FOR THIS MATTER	$1,246.00

BILLING SUMMARY

Merritt, Jason E.	0.30 hrs	325	/hr	$97,50	
Earlywine, Jere L.	1.50 hrs	275	/hr	$412.50	

General Counsel/Monthly Meetln	BIii No. 93637	Page  2
=======================----------==========--==----------------------------------------
Ibarra, Katherine E. - Paralegal		0.80 hrs	145 /hr	$116.00	
Haber, Wesley S.		2.00 hrs	310 /hr	$620.00	
	TOTAL FEES			$1,246.00	

TOTAL CHARGES FOR THIS BILL

$1,246.00

Please include the bill number on vour check.

Grau and Associates
2700 N. Military Trail, Suite 350 Boca Raton, FL 33431- www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Myakka Ranch Community Development District 12051 Corporate Blvd
Orlando, FL 32817

Invoice No.	15564 Date	05/02/2017

SERVICE	AMOUNT
Audit FYE 09/30/2016	$	2,500.00
Current Amount Due	$	2,50Q 00

0 -30
2,500.00

31-60
0.00

61-90	91-120
0,00	0.00
Payment due upon receipt.

Over 120
0.00

Balance
_2,500.00

Funding Request No. 103
5/31/2017

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Item	Attn: Steve Lawson (steve@windhamdevelopment.com)
Payee	
Invoice	
General	
Construction	
No.		No.	Fund	Fund	

1	
IPFS Corporation			
	Insurance DUE 07/01/2017	GAA-563574-5	$465.26	
2	Fishkind & Associates, Inc.			
	DM Fees and Reimbursables - May 2017	20596	$1,784.93	

TOTAL

$2,250.19	$0.00

$2,250.19

Chairperson

INSURED

Written notations on this coupon will NOT be received.
To ensure proper credtt, include coupon with payment.

(0&'10) Copyright 2010 lPFS Corpora1!o11

:·j;:·:f : :'f;:{:f·:	t:: p. ·t?·E'iJrn::'	
PAYMENT NO.	ACCOUNT NUMBER	DUE DATE	

9	GAA-563574	07/01/17	

.

MYAKKA RANCH COMMUNITY DEVELOPMENT "' C/0 FISHKIND & ASSOCIATES, INC.
4 12051 CORPORATE BLVD
;;  ORLANDO, FL 32817-1450

,

0
i'5I

-.. ---------------,----------,

For	any correspondence or overnight, priority, or other special delivery, send to:
1055 BROADWAY
11TH FLOOR
KANSAS CITY, MO 64105
Questions? Call (800)584-9969

Make online payments or view account infonnation at www.ipfs.com.
Please use th!s access code L99JLX3L to register (first time users),

!

PAYMENT DUE:

LATE FEE:

$443.10
$22.16

i

MAKE CHECK PAYABLE AND REMITTO:
!PFS CORPORATION
P.O. Box 730223 Dallas, TX 75373-0223

GAA05635749 00000443102

Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817

Myakka Ranch COD 12051 Corporate Blvd.
Orlando, FL 32817

FISHKIND

•••

& ASSOCIAfES
!ifijii;c,  '"	fij,li1k(!.•

••

Bl &1

ll1

Invoice#: 120596

Invoice

5/16/2017

File: MyakkaRanchDM Dist,·,...,,  ,,,._.,,._.._....,,,,,...,n
Services:	Amount	
District Management Fee: May 2017 Website Fee
Postage Conference Calls UPS	1,666.67
75.00
10.87
5.57
26.82	

Please include the invoice number on your remittance and submit to:
Fishkind & Associates, Inc.
12051 Corporate Blvd.
Orlando, FL 32817
Ph: 407-382-3256
Fax: 407-382-3254
www.fishkind.com

Balance Due	$1,784.93

Invoice No lnvojce Date Account No
Account

1704125812
04/2612017
W203899987/1Y9R28
FISHKIND & ASSOCIATES

Worldwide
-------- EXPRESS.

 	Global Logistics	

Invoice DetaH	Billing

Laureate Pkr Somerset Pk	1 count	Sub Total

List Discount Price	Price
13.13	10.50

UPS No: 1Z1Y9R280294062409	Shipper	Receiver
P.ickup Dale	04/14/2017	FlSHKIND & ASSOCIATES	IPFS CORPORATION Service Lev,	2nd Day	12051 CORPORATE BLVD	1055 BROADWAY Weight	1 lb	ORLANDO	11TH FLOOR
Zone	206	FL 32817	KANSAS CITY
Payer	Shipper	M064105
EUZABETH MALHOULTRA	ELIZABETH MALHOULTRA
Bill Reference: Myakka Ranch COD
- Carrier has audited this shinment and it has been reweinhed from its tendered weioht of 1-fbs	Freight
Fuel Surcharge	32.00
1.53	25.60
1.22	
	Total	33.53	26.82	
I:'}.,,,,,,..	Myakka Ranch CDD	1 count	Sub  Total	33.53	26.82

p!tneybowes ,I)

Account Summary Report

Date Range: Jan 1, 2.017 lo Jan 31, 2017
Meler Group: All Meiers
Meter 1W00 -1376638 O1.D 11\ ORLANDO, FL

I		Meter Detairs
JJJ.ra1lrui. . --	 	
·	 	J   		J.M Ii:n	StriiffNifol_§!'. _[ !. ttEfil.'t.llt..liY	l!1!1!L.J	l	 		·, lar.r ifiuimlfy	
	ORI.ANDO, fl		'!WOO- 03'1735'1	'!WOO	0347354	24978110	fictive	Apr 12, 20l7	
	ORIANDO, FL		lWOO -1376538 OlD	1WOO	1376530	H976470	Inactive	Feb 9, 2017	

 Meh:t 4W00 • 0347364 at OH.LANDO!. FL	

filatl!S

U  J .'	j

I	·.Ac.count	-   ,·C""'."-;c'.=

Account Summary
Mr<i b Ran,h coo	L,, S-ub A ))ln·t

_r1  	_-:rotal_cirnrged=]
5	$5.350

Granr;ITotal	s.rni

'

\0.i1

pltneybowes

Account Summary Report
Dato Range: March 1, 201710 March J1, 2011
MeterGroup: All Meleru
Meter 1WOO -1376538 OLD at ORlANDO, FL
 Mater 4WOO • 0347354 at ORLANDO, FL	

====

Meter Details
r0!-:0.-.---c.  	0·   cc--·.-::' f.Lil.ciit!rut'"·"·0-"·:)·":=-.= = = = =··I:=• ,··.• 	_._.,  tfai]jjmljer']  P:"N+nu'n!:Number  ·oJ·,siahii':j ·•,lart traoSadJor:·-:<J":)t:JiQ' Flaa·]
ORlANDO, FL	4WDO - 0347354	4WOO	03173S1	2497M70	Active	Apr 12, 2017
ORl.ANDO,fL	iWOO • 1376538 OLO	1WOO	l37653B	2 978170	Inad!Ve	Feb 9, 2017

-\t

Account Summary
I. -\;c.    ,if?';	·5j§;, '	b·A· 9_U_iit. t\·	P!i1ajJ; 'i'J\jf.<IJ" h 
1Z(	$5,520".

· ·--."ij - }oi{	::,  s, 20!

 	

CONF. NO	COST CENTER	CONF. DATE	CONF. TITL	
5188663		)3/02/2017	9042539635	

1.	
------- - -- - ·-

M ODERATOR
BILLING REF# :1
BILLING REF# 4

1640295 - Jill Cupps

LOCATION

BI LLING REF# 2

-

'
8 tLLING REF# 3

PERSONS UN ITS

CALI.TOTAL

E / NAME/ ANI

TIME

SERVI CE

10:55AM -11:54AM GLOBAI.MErn!> AUDIO--

ACCESS TYPE
OU.FREE

l

59

RATE
0.09/MIN

CHARGE
5.31

. '\ t\

OlL FREE

l

68

0.09/MIN

6.12

i 03/02/2017

9045185946

10:57AM - 12:05PM

GLOBALMEET© AUDIO

63

0.09 /MIN

5.67

TAX
.13
j-30
.20
·'1
0.23

H'I \ \f

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r- \

   ' , i P3 / 02 / 2017

8505663413

10:58AM • 12:01PM GLOBALMEIT© AUDIO

roLLFREE

1

0.09/MIN

5.49

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)3 / 0 2 / 201 7
1   03/02/2017
,   -0310212011
'r/3/02/2017

9417303595

11:04AM - 12:05PM

GLOBAi.MEET@ AUDIO

OLLFREE

CLL FREE

1	61

1

12

0.09/MIN

1.08

9048812037

·	- -

-

l

9046088137

11:08AM - 11:20 AM GLOBAL.MEET© AUDIO
11:20AM • 12:0lPM GLOBAL.MEET© AU DIO
12:03 PM -12:06PM GLOBAi.MEET@ AUDIO

OLL FREE

1	42

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3.78

1

3

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0.27

0.81
i:,.06

33.29

P.33

5188863

1A

8505663413

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_B_IL   LG_I_RNE     F_#:1_   _    _    _    _
B ILLING REF# 4

_ _ _ _

_ _ _ _ _ -1BILLING REF#2

BI LLING REF# 3

CONF.  NO	COST CEMTER • i
5188863

CONF. DATE
)3/02/2017

CONF. TITLE/ NAME / ANI

TIME	SERVICE
1:39PM · 1:48 PM     GLOBALMEET© Auo,   o

ACCESS TYPE
OLL FREE

PERSON S    UN ITS	RATE
9	0.09 / MIN

CHARG E
0.81

TAX

CALL TOTAL

1) 3 / 02/2017

1:40 PM • 2: 47PM GLOBAlMEET© AUDIO

OU.FREE

1	67

0 .09 /MIN

6.03

)3/02/2017

L j_.._
5188863    i t  \
5188863

JJ/0212011

1:45PM • 2:47PM  GLOBAi.MEET@ AUDIO

1:47PM • 2:47PM GLOBAI.MEET@ AUDIO

OLL FREE

OLL FREE

62

0.09 /M IN

5.58

.29
.19

60

0.09 / MIN

5.40

9413281111

12:59PM • 1:25PM GLOBAi.MEET@ AUDIO

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26

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2.34

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0.50

1.62

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10:58AM • 11:24AM GLOBALMEIT® AUDIO

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1

8502227500

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25

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2.34

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10:59AM • 11:24AM GLOBAL.MEET® AUD IO

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2.25

5.57

5188863

\ 'r/3 / 23/ 2017

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5186863 ,

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gP3/ 23/2017

'/ ) 3/ 23 /2 0 17

jD3/ 23 / 2017 i P3/ 28/ 2017
! 'rl3/ 28/ 2017

03/ 28/ 2017

5188863

N { Pi.

)3/29/2017

)3 /31/ 2017

oV '-1"\ J IV n

	12:54PM • 1:25PM	GLOBALMEIT® AUOIO	OU.FR£E	1	31	0.09/MIN	2.79	p.59		
	12:5 5PM • 1: 25PM	GLOBAlMEET© AUOIO	OU.FREE		30	0,09/Ml	2.70			
	12:58PM • 1:25PM	GLOBAI.MET@ AUOIC	OU.FRi;E	1	27	0.09/MIN	2.43			
9417303595	12:59PM • 1:25PM	GLOBAlMEET© AUDIO	OU. FREE	1	26	0.09 / MI N	2.34	0.50		
3523795626	12:59PM -1:25PM	GLOBAi.MEET@ Auo 10	OU.FREE	1	26	0.09/MIN	2.34	0.50	5. 29	
9413599000	10:58AM • 11:21AM	GLOBAL.MEET@ AUDIO	OLL FREE		23	0.09/MIN	2.07			
	10:58AM • 11 : 21AM	GLOBAi.MEET®Au o10	lbU.FREE	1	23	0. 09 /MIN	2 .0 7			
	11:01A M • 11:21AM	GLOBAi.MEET© AUDIO	OLLFREE	1	20	0 .09/ MIN	1 .80	0.38	.20	
9413599000	3: 27PM• 3:31PM	GLOBAi.MEET® AUOIO	OU.FREE		4	0.09/MIN	0.36	i:,.07	J.43	
	7:59PM	lMEET PLUS • MONTHLY				29.00/EAcH	29.00	p,oo	29.00	

TOTAL P RE-TAX.c:.......::.:0.1.:..0.:..;., 3.,'7--   _    _

_T.:..=o-T::.:..A:.l:...=U-SF=-/c'...;:O...r:..H::..:E:.:.:R:.-...-="1"5:..=:2..::_o     _

_     _     ..T.:...:cO...::.T:..:L::-='S-":.T..T:A.:..E:=-.T.:.A:.::.X::.c/....:coT.:...H:..:.E.=:R..::_    ...o::.•..:::.o.:_:.    _     _

_     T.:.O.=-:T..:A:.::L:.=..M:   O=  D -E=:R..:::A..:T.:...::..R:.:...:::HC:.:A..:R:..:.G=. E==:S::    --' U::..::::..S:D:c.:S::c.::1:.=1--5.:•..,_,57  _ 

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

District Financial Statements

Myakka Ranch Community Development Distr
Statement of Activities As of 5/31/2017

General Fund	Construction
Fund

Revenues

Developer Contributions	$176,884.57		
Total Revenues	$176,884.57	$0.00	

Expenses

Supervisor Fees	$2,600.00		
Insurance	4,750.52		
Management	13,333.36		
Engineering	11,360.00		
District Counsel	13,664.78		
Audit	2,500.00		
Telephone	6.23		
Postage & Shipping	94.62		
Legal Advertising	268.13		
Bank Fees	0.00		
Miscellaneous	0.00		
Office Supplies	0.00		
Web Site Maintenance	600.00		
Dues, Licenses, and Fees	175.00		
Engineering		$21,205.70	
Total Expenses	$49,352.64	$21,205.70	

Other Revenues (Expenses) & Gains (Losses)

Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00	

Change In Net Assets	$127,531.93		($21,205.70)	

Net Assets At Beginning Of Year	
($75,079.08)		
($63,074.75)	

Net Assets At End Of Year	

$52,452.85		

($84,280.45)	

Myakka Ranch Community Development Distr
Statement of Financial Position As of 5/31/2017

General Fund

Assets

Current Assets
General Checking Account
Accounts Receivable - Due from Developer
Total Current Assets

Total Assets

$273.84 2,250.19

$2,524.03

$2,524.03

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue Accounts Payable
Total Current Liabilities

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted

$1,784.93
0.00

$1,784.93

$1,784.93

($50,325.65)
(76,467.18)
127,531.93

Total Net Assets	$739.10

Total Liabilities  and Net Assets	$2,524.03

Myakka Ranch Community Development District
Budget to Actual
For the period of 10/1/2016 Through 5/31/2017

Actual	Year to Date	Variance	FY 17 Budget
Budget

Revenues

Developer Contributions	$176,884.57	$161,760.00	$15,124.57	$242,640.00	
Net Revenues	$176,884.57	$161,760.00	$15,124.57	$242,640.00	

General & Administrative Ex(;!enses					
Supervisor Fees	$2,600.00	$8,000.00	$(5,400.00)	$12,000.00	
General Insurance	4,750.52	3,776.67	973.85	5665.00	
Trustee Services	0.00	3,333.33	(3,333.33)	5000.00	
District Management	13,333.36	13,333.33	0.03	20000.00	
Engineering	11,360.00	33,333.33	(21,973.33)	50000.00	
Dissemination Agent	0.00	3,333.33	(3,333.33)	5000.00	
District Counsel	13,664.78	23,333.33	(9,668.55)	35000.00	
Assessment Administration	0.00	3,333.33	(3,333.33)	5000.00	
Audit	2,500.00	3,666.67	(1,166.67)	5500.00	
Arbitrage Calculation	0.00	800.00	(800.00)	1200.00	
Travel and Per Diem	0.00	1,333.33	(1,333.33)	2000.00	
Telephone	6.23	133.33	(127.10)	200.00	
Postage & Shipping	94.62	100.00	(5.38)	150.00	
Copies	0.00	133.33	(133.33)	200.00	
Legal Advertising	268.13	2,666.67	(2,398.54)	4000.00	
Bank Fees	0.00	166.67	(166.67)	250.00	
Miscellaneous	0.00	1,666.67	(1,666.67)	2500.00	
Office Supplies	0.00	133.33	(133.33)	200.00	
Web Site Maintenance	600.00	600.00	0.00	900.00	
Dues, Licenses, and Fees	175.00	116.67	58.33	175.00	
Wetlands Monitoring	0.00	40,000.00	(40,000.00)	60000.00	
Public Official Insurance	0.00	1,666.67	(1,666.67)	2500.00	
Lake Bank Maintenance	0.00	4,800.00	(4,800.00)	7200.00	
Streetlights -Electric	0.00	12,000.00	(12,000.00)	18000.00	
Total General & Administrative Expenses	$49,352.64	$161,760.00	$(112,407,36)	$242,640.00	

Total Expenses	$49,352.64	$161,760.00	$(112,407,36!	$242,640.01)_

Net  Income (Loss)	$127,531.93	$0.00	$127,531.93	$0.00