Myakka Ranch Community Development District
12051 Corporate Blvd., Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
http://myakkaranchcdd.com/
The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Myakka Ranch Community Development District (“District”), scheduled to be held at 11:00 a.m. on Tuesday, August 18, 2020 using telephonic conferencing due to the COVID-19 Executive Orders 20-52, 20- 69, 20-150 & 20-179. The proposed agenda for this Board Meeting is found below.
Please use the following information to join the telephonic conferencing:
Call in number: 1-844-621-3956	Participant Code: 796 580 192#

Board of Supervisors Meeting Business Matters
Call to Order
Roll Call
Public Comment Period
Discussion regarding Executive Orders 20-52, 20-69, 20-150 & 20-179
Consideration of the Minutes of the June 9, 2020 Board of Supervisors’ Meeting
Consideration of Resolution 2020-06, Approving an Annual Meeting Schedule for Fiscal Year 2020-2021
Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-07, Adopting the Fiscal Year 2021 Budget and Appropriating Funds
Review and Acceptance of Fiscal Year 2019 Audit
Ratification of Funding Request Nos. 159 – 163
Consideration of Funding Request Nos. 164 – 165
Statement of District’s Financial Position

Other Business
Staff Reports
Attorney
Engineer
Manager
Audience Comments and Supervisors Requests
Adjournment

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Executive Orders
20-52, 20-69, 20-150 & 20-179

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-52
(Emergency Management - COVID-19 Public Health Emergency)

WHEREAS, Novel Coronavirus Disease 2019 (COVID-19) is a severe acute respiratory illness that can spread among humans through respiratory transmission and presents with symptoms similar to those of influenza; and
WHEREAS, in late 2019, a new and significant outbreak of COVID-19 emerged in China;

and

WHEREAS, the World Health Organization previously declared COVID-19 a Public Health Emergency of International Concern; and
WHEREAS, in response to the recent COVID-19 outbreak in China, Iran, Italy, Japan and South Korea, the Centers for Disease Control and Prevention ("CDC") has deemed it necessary to prohibit or restrict non-essential travel to or from those countries; and
WHEREAS, on March 1, 2020, I issued Executive Order number 20-51 directing the Florida Department of Health to issue a Public Health Emergency; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 7, 2020, I directed the Director of the Division of Emergency Management to activate the State Emergency Operations Center to Level 2 to provide coordination and response to the COVID-19 emergency; and
WHEREAS, as of March 9, 2020, eight counties in Florida have positive cases for COVID-19, and COVID-19 poses a risk to the entire state of Florida; and

WHEREAS, the CDC currently recommends community preparedness and everyday prevention measures be taken by all individuals and families in the United States, including voluntary home isolation when individuals are sick with respiratory symptoms, covering coughs and sneezes with a tissue and disposal of the tissue immediately thereafter, washing hands often with soap and water for at least 20 seconds, using of alcohol-based hand sanitizers with 60%-95% alcohol if soap and water are not readily available and routinely cleaning frequently touched surfaces and objects to increase community resilience and readiness for responding to an outbreak; and
WHEREAS, the CDC currently recommends mitigation measures for communities experiencing an outbreak including staying at home when sick, keeping away from others who are sick, limiting face-to-face contact with others as much as possible, consulting with your healthcare provider if individuals or members of a household are at high risk for COVID-19 complications , wearing a facemask if advised to do so by a healthcare provider or by a public health official, staying home when a household member is sick with respiratory disease symptoms if instructed to do so by public health officials or a health care provider; and
WHEREAS, as Governor, I am responsible for meeting the dangers presented to this state and its people by this emergency.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section I. Because of the foregoing conditions, I declare a state of emergency exists in the State of Florida.

Section 2. I designate the Director of the Division of Emergency Management ("Director") as the State Coordinating Officer for the duration of this emergency and direct him to execute the State's Comprehensive Emergency Management Plan and other response, recovery, and mitigation plans necessary to cope with the emergency. Additionally, I designate the State Health Officer and Surgeon General as a Deputy State Coordinating Officer and State Incident Commander.
Pursuant to section 252.36(1)(a), Florida Statutes, I delegate to the State Coordinating

Officer the authority to exercise those powers delineated in sections 252.36(5)-(10), Florida Statutes, which he shall exercise as needed to meet this emergency, subject to the limitations of section 252.33, Florida Statutes. In exercising the powers delegated by this Order, the State Coordinating Officer shall confer with the Governor to the fullest extent practicable. The State Coordinating Officer shall also have the authority to:
Seek direct assistance and enter into agreements with any and all agencies of the United States Government as may be needed to meet the emergency.
Designate additional Deputy State Coordinating Officers, as necessary.

Suspend the effect of any statute, rule, or order that would in any way prevent, hinder, or delay any mitigation, response, or recovery action necessary to cope with this emergency.
Enter orders as may be needed to implement any of the foregoing powers; however, the requirements of sections 252.46 and 120.54(4), Florida Statutes , do not apply to any such orders issued by the State Coordinating Officer; however, no such order shall remain in effect beyond the expiration of this Executive Order, to include any extension.
Section 3. I order the Adjutant General to activate the Florida National Guard, as needed, to deal with this emergency.

Section 4. I find that the special duties and responsibilities resting upon some State, regional, and local agencies and other governmental bodies in responding to the emergency may require them to suspend the application of the statutes, rules, ordinances, and orders they administer. Therefore, I issue the following authorizations:
Pursuant to section 252.36(1)(a), Florida Statutes, the Executive Office of the Governor may suspend all statutes and rules affecting budgeting to the extent necessary to provide budget authority for state agencies to cope with this emergency. The requirements of sections
252.46 and 120.54(4), Florida Statutes, do not apply to any such suspension issued by the Executive Office of the Governor; however, no such suspension shall remain in effect beyond the expiration of this Executive Order, to include any extension.
Each State agency may suspend the provisions of any regulatory statute prescribing the procedures for conduct of state business or the orders or rules of that agency, if strict compliance with the provisions of any such statute, order, or rule would in any way prevent, hinder, or delay necessary action in coping with the emergency. This includes, but is not limited to, the authority to suspend any and all statutes, rules, ordinances, or orders which affect leasing, printing, purchasing, travel, and the condition of employment and the compensation of employees. For the purposes of this Executive Order, "necessary action in coping with the emergency" means any emergency mitigation, response, or recovery action: (1) prescribed in the State Comprehensive Emergency Management Plan ("CEMP"); or (2) ordered by the State Coordinating Officer. The requirements of sections 252.46 and 120.54, Florida Statutes, shall not apply to any such suspension issued by a State agency; however, no such suspension shall remain in effect beyond the expiration of this Executive Order, to include any extensions.

In accordance with section 465.0275, Florida Statutes, phannacists may dispense up to a 30-day emergency prescription refill of maintenance medication to persons who reside in an area or county covered under this Executive Order and to emergency personnel who have been activated by their state and local agency but who do not reside in an area or county covered by this Executive Order.
In accordance with section 252.38, Florida Statutes, each political subdivision within the State of Florida may waive the procedures and fonnalities otherwise required of the political subdivision by law pertaining to:
Perfonnance of public work and taking whatever prudent action is necessary to ensure the health, safety, and welfare of the community;
Entering into contracts; however, political subdivisions are cautioned against entering into time and materials contracts without ceiling as defined by 2 CFR 200.318(j) or cost plus percentage contracts as defined by 2 CFR 200.323(d);
Incurring obligations;

Employment of pennanent and temporary workers;

Utilization of volunteer workers;

Rental of equipment ;

Acquisition and distribution, with or without compensation, of supplies, materials, and facilities; and,
Appropriation and expenditure of public funds.

All State agencies responsible for the use of State buildings and facilities may close such buildings and facilities in those portions of the State affected by this emergency, to the extent necessary to meet this emergency. I direct each State agency to report the closure of any State

building or facility to the Secretary of the Department of Management Services. Under the authority contained in section 252.36, Florida Statutes, I direct each County to report the closure of any building or facility operated or maintained by the County or any political subdivision therein to the Secretary of the Department of Management Services. Furthermore, I direct the Secretary of the Department of Management Services to:
Maintain an accurate and up-to-date list of all such closures; and,

Provide that list daily to the State Coordinating Officer.

Section 5. I find that the demands placed upon the funds appropriated to the agencies of the State of Florida and to local agencies are unreasonably great and the funds currently available may be inadequate to pay the costs of coping with this emergency. In accordance with section 252.37(2), Florida Statutes, I direct that sufficient funds be made available, as needed, by transferring and expending moneys appropriated for other purposes, moneys from unappropriated surplus funds, or from the Budget Stabilization Fund.
Section 6. All State agencies entering emergency final orders or other final actions in response to this emergency shall advise the State Coordinating Officer contemporaneously or as soon as practicable.
Section 7. Medical professionals and workers, social workers, and counselors with good and valid professional licenses issued by states other than the State of Florida may render such services in Florida during this emergency for persons affected by this emergency with the condition that such services be rendered to such persons free of charge, and with the further condition that such services be rendered under the auspices of the American Red Cross or the Florida Department of Health.

Section 8. All activities taken by the Director of the Division of Emergency Management and the State Health Officer and Surgeon General with respect to this emergency before the issuance of this Executive Order are ratified. This Executive Order shall expire sixty days from this date unless extended.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 9th day of

March, 2::0.._	.,..

ATTEST:

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-69
(Emergency Management- COVID-19 -  Local Government Public Meetings)

WHEREAS, on March 1, 2020, I issued Executive Order 20-51 directing the Florida Department of Health to issue a Public Health Emergency as a result of COVID-19; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 9, 2020, I issued Executive Order 20-52 declaring a state of emergency for the entire State of Florida as a result of COVID-19; and
WHEREAS, on March 16, 2020, President Donald J. Trump and the Centers for Disease Control and Prevention ("CDC") issued the "15 Days to Slow the Spread" guidance advising individuals to adopt far-reaching social distancing measures, such as working from home and avoiding gatherings of more than 10 people; and
WHEREAS, on March 17, 2020, I wrote a letter to Attorney General Ashley  Moody seeking an advisory opinion regarding concerns raised by local government bodies  about  their ability to hold meetings through teleconferencing and other technological means in order to protect the public and follow the CDC guidance regarding social distancing; and
WHEREAS, on March 19, 2020, Attorney General Ashley Moody delivered an opinion to me indicating that certain provisions of Florida law require a physical quorum be present for local government bodies to conduct official business, and that local government bodies may only conduct meetings by teleconferencing or other technological means if either a statute permits a quorum to be present by means other than in person, or that the in person requirement for constituting a quorum is lawfully suspended during the state of emergency; and

WHEREAS, it is necessary and appropriate to take action to ensure  that  COVID-19 remains controlled , and that residents and visitors in Florida remain safe and secure;
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by rticle IV, Section (l)(a) of the Florida Constitution , Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1.	I hereby suspend any Florida Statute that requires a quorum to be present in

person or requires a local government body to meet at a specific public place.

Section 2.	Local government  bodies may utilize communications media technology,

such as telephonic and video conferencing, as provided in section 120.54(5)(b)2., Florida Statutes.

Section 3. This Executive Order does not waive any other requirement  under the  Florida Constitution and "Florida's Government in the Sunshine Laws," including Chapter 286, Florida Statutes.
Section 4.	This Executive Order shall expire at the expiration of Executive Order 20- 52, including any extension.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this

20th da T of March, 20

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WHEREAS, Executive Order 20-69, as extended by Executive Order 20-112, Executive Order 20-123 and Executive Order 20-139, expires on June 30, 2020, unless extended.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section I. I hereby extend Executive Order 20-69, as extended by Executive Orders 20- 121, 20-123 and 20-139, until 12:01 a.m. on August 1, 2020.

IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this 23rd day o	e, 2020.

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WHEREAS, Executive  Order  20-69,  as  extended  by  Exec utive  Order  20-112. Exec utive O rder 20-123, Executive Order 20-139 and Execut ive Order 20-150, ex pires on August 1. 2020, unless extended; and
WHEREAS, Executive Order 20-69 requires amendment to address foreseeable Truth in Millage ("TRIM"), non ad valorem assessment, and value adjustment board related issues.
NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida. by virtue of the authority vested in me by Article  IV, Section  (])(a)  of the Florida  Constitution,  Chapter 252, Flo rida Statutes, and all other applicabl e laws. promulgate the following Exec uti ve Order to take immediate effect:
Section I.

Executive Order 20-69 is amended to include Section 5, as follows:

A For any taxing authority holding a millage and budget  hearing  under Chapter 200. Flor ida Statutes, or a local gove rning board holding a hearing or meeting  regarding a  non ad valo rem assessment , including, but not limited to, those under sectio n 197.3632, Florida Statutes, I hereby suspend any Florida Statute that require s a quorum or supermajority of the membership to be present in person or requires the local government body to meet at a specific public place.
A taxing authority holding a millage and budget hearing under Chapter 200. Flo rida Statutes, or a local governing board holding a hearing or meetin g rega rdin g a non ad valorem

assess me nt incl uding, but not limited to, those under section 197.3632. Florida Statutes. may utilize com municat ion s media technology, such as telepho nic and video confe re nc ing. as provided in sectio n l 20.54(5)(b)2., Florida Statutes.
This Executive Order does not waive any other requirement  und er the  Florida Co nstitutio n and " Florida ' s Government in the Sunshine Laws," including Chapter 286, Florida S tatutes.
The provisions set forth in this section shall expire at 12:01 a. m. on October 15 ,

2020.

Section 2.

Executive Order 20-69 is amended to include Section 6, as follows:

For any value adjustment board incl uding , but not limit ed to, spec ia l mag is trates, holding a hearing or meeting under Chapter 194, Florida Statute s. I hereby suspend any
Flo rida Statute or rule that requires a quorum or individual to be prese nt in person or requires the local government body or individual to meet at a specific public place.
A value adjustment  board  including,  but  not  limited  to,  specia l  magistrates,  holding a hea ring or meeting under Chapte r 194, Florida Stat utes, may utili ze comm uni catio ns media technology , such as telephonic and video conferencing, as provided in sec tion 1 20. 54(5)(b)2.. Florida Stat utes.
This Executive Order does not waive any other requireme nt under the Florida Constitution and " Florida' s Government in the Sunshine Laws," including Chapter 286, Florida Statutes.
The provisions set forth in this sect io n sha ll exp ire at 12:0 I a.m. on December 15 ,

2 0 20.

Section 3. Except as amended herein, I here by exte nd Executive Orde r 20-69. as extended by  Executive  Orders  20-112 ,  20-123,  20-139  and  20-150 ,  until  12:0l  a.m.  on Se ptember l , 2020.

IN T EST IM ONY WHEREO F. I ha ve beri un to set my hand and cause d the Grea t Sea l o f  the State of Florida to be aflixcd, at Talla hassee, this

29th day of

, 2020.

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Serial Number 20-01463S

usi	ess

server
Published Weekly Sarasota, Sarasota County, Florida

COUNTY OF SARASOTA

STATE OF FLORIDA

Before the undersigned  authority  personally appeared  Karen O   adia who on oath says that he/she is Publisher's Representative of the Business Observer a weekly newspaper published at Sarasota, Sarasota County, Florida; that the attached copy of advertisement,

being a Notice   of Pub li  c  He ar i ng

in the matter of Publ ic  H eari ng lo Consid er Adoption of Fi. cal Year  2020/2021
Budgets on 08/ 18/20 al I Iam

in the Court, was published in said newspaper in the issues of 7/31/2020, 8/7/2020
Affiant further says that the said Business Observer is a newspaper published at Sarasota, Sarasota County, Florida, and that said newspaper has heretofore been continuously published and has been entered as periodicals matter at the Post Office in Sarasota in said Sarasota County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper.
*This Notice was placed on the newspaper's website and floridapublicnotices.com on the same day the notice appeared in the newspaper.

Karen Ovadia
Sworn to and subscribed, and personally appeared by physical presence before me, 7th day of August, 2020 A.O.
by Karen Ovadia who is personally known to me.

MYAKKA RANCH COMMUNI'JY DEVELOPMENT DISTRICT NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2020/2021 BUDGETS; NOTICE OF POSSTRT ,E REMOTE PROCEDURES DURlNG PUBLIC HEALTH EMERGENCY DUE TO COVID-19; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.

or

The l!oar<I   SupervillOr« ("ll onrd  ") of Lh e Mriyakkn Kn11ch: C,;0 11111m 11iLy l.)u\Tt.1l­ opmc11L IJ.isldo l ("Uislrk ll will ho ld 'a public hearing on August 1B, 2020 at 11:00  a.m.  at   B340  Consumer Court,
Sarasota, Florida 34240 for the purpose of healing romment.s and objections on the adoption of the proposed budgets ("Proposed Budget") of the  District for the fiscal year beginning October 1, 2020 and ending September 30, 2021 ("Fiscal Year 2020/2021"). A regular board meeting of the District will also be held at that time where the Doard may consider any other business that may properly come before it. A copy of the agenda HJ1d Proposed Budget may be obtained at the offices of the Dis­ trict Manager, PFM Group Consulting, 12051 Corporate Dlvd., Odando, Flori­ da 32817 (407) 723-5935 or (407) 723-
5900 ("District Manager's Office"), during normnl business hours, or by visiting the District's website at http:// myakkaranchcdd.com/.
It is anticipated that the public hear­
ing and meeting will take place at the location referenced above. In the event that the COVTD-19 public health emer­ gency prevent., the hearing and meeting from occurring in-person, the District ma.y conduct the public healing hy tele­ phone or video conferencing commu­ nications media technology pursuant to governmental orders, including but not limited  to Executive  Orders 20-52,
20-69 and 20-150, issued by Governor Desantis, and any extensions or supple­ ments thereat and pursuant to Section 120.54(5)(b)2., Florida Statutes.
While it may be necessary to  hold the above referenced public heru'ing

and meeting utilizing communications media technology due to the current COVID-19 public health emergency, the District fully encourages public par­ ticipation in a safe and efficient manner. To that end, anyone v.1shing to listen to and/or participate in the meeting can do so telephonically at 1-B44-621-3956, Patticipant Code: 796 5B0 192#. Par­ ticipants are strongly encouraged to submit questions and comments to the District Manager's Office at mullinsl@ pfm.com or by calling (407) 723-5935
or (407) 723-5900 by August 17, 2020 at 11:00 a.m. in advance of the meeting to facilitate the Board's consideration of such questions and comments during the meeting.
The public hearing and meeting are open to the public and will be conduct­ ed in accordance ·with the ptuvisions of Florida law, The public hearing !tn<l meeting may be continued to a <lnte, time, and place to be specified on the record at the meeting. There may be occasions when Boa1-d Supet-visors or District Stnffmay pa1ticipate by speak­ er telephone.
Any person requiring special accom­ modations at this meeting  because of a disability or physical impainnent should contact the District Manager's Office at least forty-eight (48) hours piiorto the meeting. If you are hearing or speech impaired, please contact the Florida Relay Set-vice by dialing 7-1-1, or l-B00-955-8771 (TIY) / 1-800-955-
8770 (Voice), for aid in contacting the District Manager's Office.
Each person who decides to appeal any decision made by the Board with respect  to  any  matter  considered  at the public hearing or meeting is ad­ vised that person will need n record of proceedings and that accordingly, the person may need to ensure that averba­ tim record of the proc,eedings is made, including the testimony and evidence upon which such appeal is to be based. Lynne Mullins
Assistant District Manager
July 31; August 7, 2020 20-01463S

 	

Notary Public, State of Florida (SEAL)

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FILE COPY

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Minutes of the June 9, 2020 Board of Supervisors’ Meeting

MINUTES OF MEETING

MYAKKA RANCHCOMMUNITY DEVELOPMENT DISTRICT
Board of Supervisors Meeting Tuesday, June 9, 2020 at 11:03 A.M.
Via telephonic conferencing due to the COVID-19 Executive Orders 20-52, 20-69 & 20-112.

Present and constituting a quorum:

Jen Orsi	Board Member	(via phone)	
Julie Vitale	Board Member	(via phone)	
Patricia Buck	Board Member	(via phone)	

Also present were:

Jennifer Walden	PFM Group Consulting, LLC	(via phone)	
Lynne Mullins	PFM Group Consulting, LLC	(via phone)	
Verona Griffith	PFM Group Consulting, LLC	(via phone)	
Amanda Lane	PFM Group Consulting, LLC	(via phone)	
Wes Haber	Hopping Green & Sams	(via phone)	
Shawn Leins	District Engineer	(via phone)	

FIRST ORDER OF BUSINESS	Business Matters

Call to Order and Roll Call

Ms. Mullins called to order the meeting of the Board of Supervisors of the Myakka Ranch Community Development District and proceeded with roll call. Jen Orsi, Julie Vitale, and Patricia Buck were present constituting a quorum via phone in line with Executive Order 20-112. Others in attendance are outlined above.

Public Comment Period

Ms. Mullins aksed if any members of the public wished to speak but there were no public comments at this time.

Discussion	regarding	Executive Orders 20-52, 20-69, & 20-112

Ms. Mullins noted the Executive Orders are included in the agenda packet which allow the District to hold the meeting virtually due to the COVID-19 situation. The Executive Orders are extended through June 30, 2020.

Consideration of the Minutes of the November 19, 2019 Board of Supervisors’ Meeting

The Board reviewed the minutes from the November 19, 2019 Board of Supervisors’ Meeting.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board approved the minutes of the November 19, 2019 Board of Supervisors’ Meeting.

Letter from Supervisor of Elections – Sarasota County

Ms. Mullins noted as of April 15, 2020 there were no registered voters living in the District. No action was required by the Board.

Consideration of Resolution 2020-02, Designating a Date, Time, and Location for the 2020 Landowners’ Meeting

Ms. Mullins suggested November 10, 2020 at 11:00 a.m. at A&M Engineering as the date, time, and location for the 2020 Landowners’ Meeting. This year Seat 3 currently held by Ms. Jen Orsi, Seat 4 currently held by Ms. Julie Vitale, and Seat 5 currently held by Ms. Michelle Orsi are subject to the Landowners’ Election in November 2020.

Ms. Buck asked if the Landowner was current with their payments. Ms. Lane answered no. Ms. Buck asked when the last time was that they made payments and by how much are they behind. Ms. Lane replied the last time the Landowner made payments was May 2019 and the Landowner is behind by $30,185.90. Ms. Buck asked what the annual budget was for Fiscal Year 2019 and 2020. Ms. Lane stated that the budget for Fiscal Year 2019 was $36,000.00 and the budget for Fiscal Year 2020 was $38,075.00 so the Landowner is approximately one year of payments behind.

Ms. Mullins requested a motion to approve Resolution 2020-02.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board approved Resolution 2020-02, Designating a Date, Time, and Location for the 2020 Landowners’ Meeting for November 10, 2020 at 11:00 a.m. at 8340 Consumer Court. Sarasota FL, 34240.

Consideration of First Amendment to the Agreement with Newagetutors LLC D/B/A Vglobaltech for Website Maintenance Services

Ms. Mullins stated the District currently has the Website Maintenance Agreement with the District Manager who uses the third party vendor for the District website and at this time District Management staff is requesting that the District website be billed directly from Vglobaltech instead of through the District.

On MOTION by Ms. Buck, seconded by Ms. Vitale, with all in favor, the Board approved the First Amendment to the Agreement with Newagetutors LLC D/B/A Vglobaltech for Website Maintenance Services.

Consideration of First Addendum to District Management Agreement

Ms. Mullins stated the addendum notates that the District website services will be removed from the District Manager’s scope of services as well as the billing amount and it will be put directly with the vendor.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board approved the First Addendum to District Management Agreement.

Consideration of Resolution 2020-03, Setting Public Hearing to Adopt Amended and Restated Rules of Procedure
Memorandum of Updated Provisions of the District’s Rules of Procedure
Redline Rules of Procedure
Notice of Rule Development
Notice of Rulemaking

Mr. Haber noted this amendment is impactful for CDDs that are active, procuring contracts, issuing bonds and typical daily CDD activities. In order to hold the public hearing there are expenses associated with publishing notices and in light of the Landowner’s failure to make payment if the Board’s preference is that this matter be tabled there are a set of rules in place that if not amended immediately the District would function fine without any interruption in day to day operations of the District. He recommended the District amend the Rules of Procedure if it intends to become more active but if there is a desire to try and keep expenses down such as not doing the published notices related to the public hearing to adopt the new rules he wanted to give the Board the option to consider tabling this until the District is going to move forward in a meaningful direction with respect to a bond issue or some other activity. The Board chose to table this item.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board tabled Resolution 2020-03, Setting Public Hearing to Adopt Amended and Restated Rules of Procedure.

Consideration of Resolution 2020-04, Adopting Internal Controls

Ms. Mullins noted the attached policy deals with a revision to the Florida Statutes that were adopted during the last legislative session and requires governmental entities to have internal controls and polices in place to deal with fraud, waste, and abuse. District Counsel worked with the District Managers and Auditors to develop internal controls. PFM has always had internal controls but a written policy is evidence that the District is compliant with the Statute.

Mr. Haber added the law was changed and the District already had the measures in place but in an abundance of caution his firm prepared those policies and the Resolution. So, if the District was ever questioned, it has it documented that the District formally documented the internal controls policies and put them in place.

Ms. Mullins requested a motion to approve Resolution 2020-04.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board approved Resolution 2020-04, Adopting Internal Controls.

Review and Acceptance of Fiscal Year 2019 Audit Draft

Ms. Mullins noted that at this time the District does not have the Fiscal Year 2019 Audit draft so it will either be brought back to the Board or to the Chair before the District moves forward.

Consideration of Resolution 2020-05, Approving a Preliminary Budget for Fiscal Year 2021 and Setting a Public Hearing Date

Ms. Mullins noted the budget is an exhibit to the Resolution and it is the same budget that the District approved last year in the amount of $38,075.00. She noted the District is staying Developer funded and suggested a public hearing date of August 11, 2020 at 11:00 a.m. at A&M Engineering. Ms. Buck replied she may or may not be in town and she can always attend via phone. Ms. Mullins responded that would be dependent on the Executive Orders if the District can still hold virtual meetings because the public hearing requires a quorum.

Mr. Haber stated the latest Executive Order is set to expire at the end of this month so the District will need at least three physically present Board Members. Ms. Vitale stated she would be in attendance. Ms. Mullins asked if there is another date which works better for the Board. Ms. Bucks stated she can be in attendance on August 18, 2020. Ms. Mullins asked when the budget needs to be adopted. Mr. Haber responded as long as the District is not certifying any assessments for the Tax Roll then the deadline to adopt the budget is the end of the Fiscal Year.

Ms. Mullins requested a motion to approve Resolution 2020-05.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board approved Resolution 2020-05, Approving a Preliminary Budget for Fiscal Year 2021 and Setting a  Public Hearing Date for August 18, 2020 at 11:00 a.m. at 8340 Consumer Court, Sarasota FL, 34240.

Ratification of Funding Requests Nos. 142 – 152

The Board reviewed Funding Request Nos. 142 – 152. Ms. Lane confirmed that Funding Requests 142 – 152 have been funded and paid and just need to be ratified by the Board.

On MOTION by Ms. J. Orsi, seconded by Ms. Buck, with all in favor, the Board ratified Funding Requests Nos. 142 – 152.

Ratification	of	Funding	Requests Nos. 153 – 158

The Board reviewed Funding Request Nos. 153 – 158.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the Board approved Funding Requests Nos. 153 – 158.

Statement	of	District	Financial Position

The Board reviewed the District financial statements. Ms. Mullins noted the District is currently running under budget by roughly $4,000.00. There is no action that is required by the Board.

SECOND ORDER OF BUSINESS		Other Business Staff Reports
Attorney –	No Report

Engineer –	No Report

Manager –	No Report

THIRD ORDER OF BUSINESS	Audience	Comments	and Supervisors Requests

There were no audience comments or Supervisor requests.

FOURTH ORDER OF BUSINESS	Adjournment

Ms. Mullins asked if there was any other business. Hearing none, she requested a motion to adjourn.

On MOTION by Ms. J. Orsi, seconded by Ms. Vitale, with all in favor, the June 9, 2020 meeting of the Board of Supervisors of the Myakka Ranch Community Development District was adjourned.

 	_ 		 	_ 	_
Secretary/Assistant Secretary	Chair/Vice-Chair

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 2020-06,
Approving an Annual Meeting Schedule for Fiscal Year 2020-2021

RESOLUTION 2020-06

A RESOLUTION OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT DESIGNATING DATES, TIMES AND LOCATIONS FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS FOR FISCAL YEAR 2020/2021 OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Myakka Ranch Community Development District (“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 Board of Supervisors of the District (“Board”) is statutorily authorized to exercise the powers granted to the District; and

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

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity, a schedule of its regular meetings.

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

SECTION 1. MEETING SCHEDULE. Regular meetings of the District’s Board shall be held for Fiscal Year 2020/2021 as provided on the schedule attached hereto as Exhibit A.

SECTION 2. DIRECTION TO FILE WITH SARASOTA COUNTY. In accordance with Section 189.015(1), Florida Statutes, the District’s Secretary is hereby directed to file annually with Sarasota County a schedule of the District’s regular meetings.

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

PASSED AND ADOPTED this 18th day of August, 2020.

Attest:	MYAKKA RANCH COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

EXHIBIT A

BOARD OF SUPERVISORS MEETING DATES MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT
FOR FISCAL YEAR 2020/2021

October 13, 2020
November 10, 2020
December 8, 2020
January 12, 2021
February 9, 2021
March 9, 2021
April 13, 2021
May 11, 2021
June 8, 2021
July 13, 2021
August 10, 2021
September 14, 2021

All meetings will convene at 11:00 a.m. on the specified dates at 8340 Consumer Court, Sarasota, FL 34240.

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 2020-07,
Adopting the Fiscal Year 2021 Budget and Appropriating Funds

RESOLUTION 2020-07

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, 2020, AND ENDING SEPTEMBER 30, 2021; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2020, submitted to the Board of Supervisors (“Board”) of the Myakka Ranch Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2020 and ending September 30, 2021 (“Fiscal Year 2020/2021”) 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 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 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; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the 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

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The 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 (“Adopted Budget”), 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.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Myakka Ranch Community Development District for the Fiscal Year Ending September 30, 2021.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2020/2021, the sum of $38,075.00 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board 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	$38,075.00

TOTAL ALL FUNDS	$38,075.00

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2020/2021 or within 60 days following the end of the Fiscal Year 2020/2021 may amend its Adopted Budget for that fiscal year as follows:

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.

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

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.

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, 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 and remain on the website for at least 2 years.

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

PASSED AND ADOPTED THIS 18th DAY OF AUGUST, 2020.

ATTEST:	MYAKKA RANCH COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

EXHIBIT A

Myakka Ranch CDD
FY 2021 Proposed O&M Budget

Actual Through 07/31/2020

Year To Date

Anticipated Aug
- Sep.

Anticipated Total FY 2020

FY 2020
Adopted Budget

FY 2021
Proposed Budget

Revenues

Developer Contributions	$	-	$	30,919.50		$	30,919.50		$	38,075.00		$	38,075.00	
Net Revenues	
$	-	$	30,919.50		$	30,919.50		$	38,075.00		$	38,075.00	

General & Administrative Expenses											
Supervisor Fees	$	-	$	-	$	-	$	2,000.00	$	2,000.00	
POL Insurance	2,652.00		-	2,652.00		3,000.00		3,000.00	
Management	8,333.33		1,666.67	10,000.00		10,000.00		10,000.00	
Engineering	-		833.33	833.33		5,000.00		5,000.00	
District Counsel	6,892.13		1,378.43	8,270.56		7,500.00		7,500.00	
Audit	2,800.00		-	2,800.00		2,800.00		2,800.00	
Travel and Per Diem	-		41.67	41.67		250.00		250.00	
Telephone	-		16.67	16.67		100.00		100.00	
Postage & Shipping	11.50		2.30	13.80		150.00		150.00	
Copies	-		16.67	16.67		100.00		100.00	
Legal Advertising	325.95		65.19	391.14		700.00		700.00	
Contingency	-		66.67	66.67		400.00		400.00	
Web Site Maintenance	1,600.00		800.00	2,400.00		2,400.00		2,400.00	
Dues, Licenses, and Fees	175.00		-	175.00		175.00		175.00	
General Insurance	3,242.00		-	3,242.00		3,500.00		3,500.00	
Total General & Administrative Expenses	$	26,031.91		$	4,887.59	$	30,919.50		$	38,075.00		$	38,075.00	

Total Expenses

  $	26,031.91 

  $	4,887.59 

   $	30,919.50 

  $	38,075.00 

  $	38,075.00 

    

Net Income (Loss)

$	(26,031.91)

$	26,031.91	$	-	$

-	$	-

    

Page 1 of 1

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Acceptance of Fiscal Year 2019 Audit

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT
SARASOTA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-5	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	6	
Statement of Activities	7	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	8	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
9	
Notes to the Financial Statements	10-15	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
16	
Notes to Required Supplementary Information	17	
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	

18-19	
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	

20	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
21-22	

INDEPENDENT AUDITOR’S REPORT

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

Report on the Financial Statements

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the accompanying financial statements of the governmental activities and the major fund of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2019, 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 the major fund, of the District as of September 30, 2019, 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 June 24, 2020, 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 solely 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 the effectiveness of the District’s 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.

June 24, 2020

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, 2019. 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 $340.

The change in the District’s total net position in comparison with the prior fiscal year was $0. 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, 2019, the District’s governmental funds reported combined ending fund balances of ($8,916), a decrease of ($9,256). The total fund balance is unassigned deficit fund balance.

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.

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 one 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 which is a major fund.

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 POSITION SEPTEMBER 30,
	 	2019	2018		
Assets	  $	22,688	$	5,383 	
Total assets	 	22,688	5,383 	
Liabilities	 	22,348	5,043 	
Total liabilities	 	22,348	5,043 	
Net Position
Unrestricted	 	340	340 
Total net position	 $	340	$	340 

The District’s net position did not change during the most recent fiscal year.

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

Revenues:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
 	2019	2018	

Program revenues
Operating grants and contributions

  $	26,126    $	24,107 

Total revenues	 	26,126	24,107 Expenses:
General government	 	26,126	24,107 	
Total expenses	 	26,126	24,107 	
Change in net position	 	-	-		
Net position - beginning	 	340	340 	
Net position - ending	  $	340    $	340 	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2019 was $26,126. 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. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

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.

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2019

	Governmental
 	Activities		
ASSETS		
Cash	$	13,432	
Due from Developer	 	9,256 	
Total assets	 	22,688 	
LIABILITIES		
Accounts payable	9,077	
Due to other	 	13,271 	
Total liabilities	 	22,348 	
NET POSITION		
Unrestricted	 	340 	
Total net position	  $	340 	

See notes to the financial statements

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Program

Net (Expense) Revenue and Changes in Net

 		Revenues	Position	 Operating
Grants and	Governmental
Functions/Programs	 	Expenses	Contributions	Activities	 Primary government:
Governmental activities:
General government	 $	26,126	$	26,126	$	-	
Total governmental activities	 	26,126	26,126	-	

Change in net position	-
Net position - beginning	 	340 
Net position - ending	 $	340 

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2019

	
   Major Funds General	Total
Governmental Funds	
ASSETS
Cash	
$	13,432	
$	13,432	
Due from Developer	9,256	9,256	
Total assets	$	22,688	$	22,688	

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable	$	9,077	$	9,077	
Due to other	13,271	13,271	
Total liabilities	22,348	22,348	

Deferred inflows of resources:
Unavailable revenue	9,256	9,256

Fund balances:
Unassigned		
(8,916)		
(8,916)	
Total fund balances		(8,916)		(8,916)	

Total liabilities, deferred inflows of resources and fund balances	

$	

22,688	

$	

22,688	

Total fund balances - governmental funds	$	(8,916)
Amounts reported for governmental activities in the statement of net position are different because:
Assets recorded in the governmental fund financial statements that are not available to pay for current-period expenditures are
unavailable revenue in the governmental funds.	 		9,256 Net position of governmental activities		$		340

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019
Total
  Major Funds Governmental

REVENUES

General

Funds

Developer contributions	 $	16,870	$	16,870 
Total revenues	16,870	16,870

EXPENDITURES
Current:
General government	26,126	26,126	
Total expenditures	26,126	26,126	

Excess (deficiency) of revenues
over (under) expenditures	(9,256)	(9,256)

Fund balances - beginning	340	340

Fund balances - ending	 $	(8,916)	$	(8,916) 

Net change in fund balances - total governmental funds	$	(9,256)
Amounts reported for governmental activities in the statement of activities are different because:
Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the governmental
fund financial statements.	 	9,256 
Change in net position of governmental activities	$	-

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, 2019, all of the Board members are affiliated with Sunfield Homes, Inc. Sunfield Homes, Inc. holds a mortgage on the property in the District owned by the Developer, Lakepark Estates, LLC.

The Board has the final responsibility for, among other things:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
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 interfund 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.

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, 2019 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.

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.

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
Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
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 items 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.

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
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

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.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A Public Hearing is conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
Subject to certain limited exceptions set forth in the District's annual appropriations resolution, all budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
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.

NOTE 5 – PROPOSED PROJECT

The infrastructure intended to serve the District has been estimated at a total cost of approximately $18,300,000. 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, ADVANCE FUNDING ARRANGEMENT WITH MORTGAGE HOLDER OF DEVELOPER, AND CONCENTRATION

All of the general fund revenues were from the Developer contributions of which $9,256 is shown as due from Developer and as unavailable revenue at September 30, 2019.

The Developer has not provided funds to the District since May 2019. During the current fiscal year, Sunfield Homes, LLC, (“Sunfield”) which holds a mortgage on the property in the District owned by the Developer, entered an arrangement where it agreed to provide advance funding to cover the District’s operations which is to be repaid by the District once the Developer provides funds to do so. Pursuant to this agreement, the District received a total of $13,271 in advances from Sunfield during the current fiscal year. As of September 30, 2019, the District has not repaid any of the advances amounts and, as such, a liability of $13,271 has been reported.

During the subsequent fiscal year, the District was advanced a total of $9,500 from Sunfield. Subsequent to fiscal year end, the District has not repaid any of advanced amounts to Sunfield.

The District’s activities are dependent on the continued involvement of the Developer and Sunfield, 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.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

	
Budgeted
 	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Developer contribution	
$	36,000	
$	16,870	
$	(19,130)	
Total revenues	36,000	16,870	(19,130)	

EXPENDITURES
Current:
General government	36,000	26,126	9,874	
Total expenditures	36,000	26,126	9,874	

Excess (deficiency) of revenues over (under) expenditures

  $	-	

(9,256)    $	(9,256) 

Fund balance - beginning	 	340 

Fund balance - ending	 $	(8,916) 

See notes to required supplementary information

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. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

951 Yamato Road ▪ Suite 280 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 the major fund of Myakka Ranch Community Development District, Sarasota County, Florida (“District”) as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 24, 2020.

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.

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.

June 24, 2020

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, 2019. 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. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the 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, 2019.

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.

June 24, 2020

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

To the Board of Supervisors
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, 2019, and have issued our report thereon dated June 24, 2020.

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 Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on 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 AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 24, 2020, 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, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
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 General, Federal and other granting agencies, as applicable, 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.

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

June 24, 2020

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

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

Unless otherwise 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:

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, 2018.

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, 2019.

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, 2019.

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

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

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2019. 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.

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request Nos. 159 - 163

Funding Request 159	
6/8/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	Business Observer		
	Legal Ad 05/29/2020	20-01071S	

$	83.13

TOTAL	$	83.13
CHECK AMOUNT REQUESTED	$	83.13

Secretary / Asst. Secretary	Chair / Vice Chairman	

Funding Request 160	
6/15/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	Hopping Green & Sams		
	Legal Counsel through 04/30/2020	115108	

$	1,885.00

TOTAL	$	1,885.00

CHECK AMOUNT REQUESTED	$	1,885.00

Secretary / Asst. Secretary	Chair / Vice Chairman	

Funding Request 161	
6/22/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	PFM Group Consulting, LLC		
	DM Fees - June 2020	DM-06-2020-0034	
	Website Fees - June 2020	DM-06-2020-0035	

$	833.33	
$	100.00	

TOTAL	$	933.33
CHECK AMOUNT REQUESTED	$	933.33

Secretary / Asst. Secretary	Chair / Vice Chairman	

Funding Request 162	
7/2/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	VGlobalTech		
	Quarter 2 ADA Audit	1723	

$	300.00

TOTAL	$	300.00

CHECK AMOUNT REQUESTED	$	300.00

Secretary / Asst. Secretary	Chair / Vice Chairman	

Funding Request 163	
7/14/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	Grau and Associates		
	Audit FYE 2019	19947	

$	800.00

2	PFM Group Consulting		
	DM Fees July 2020	DM-07-2020-0034	
	Website Fee Jule 2020	DM-07-2020-0035	

$	833.33	
$	100.00	

TOTAL	$	1,733.33

CHECK AMOUNT REQUESTED	$	1,733.33

Secretary / Asst. Secretary	Chair / Vice Chairman	

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request Nos. 164 - 165

Funding Request 164	
7/20/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	Hopping Green & Sams		
	General Cousel	115758	

$	166.74

TOTAL	$	166.74
CHECK AMOUNT REQUESTED	$	166.74

Secretary / Asst. Secretary	Chair / Vice Chairman	

Funding Request 165	
7/29/2020	

Payee	General Fund	
Invoice #	FY 2020	

1	PFM Group Consulting LLC		
	June postage	OE-EXP-00958	

$	0.50

2	Business Observer		
	Legal Advertising	20-01463S	

$	205.62

TOTAL	$	206.12
CHECK AMOUNT REQUESTED	$	206.12

Secretary / Asst. Secretary	Chair / Vice Chairman	

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

District’s Financial Position

Statement of Financial Position As of 7/31/2020

General Fund

Assets

Current Assets

General Checking Account	$	340.32	
Accounts Receivable - Due from Developer	12,517.15	
Total Current Assets	$	12,857.47	

Total Assets	$	12,857.47

Liabilities and Net Assets

Current Liabilities
Accounts Payable	
$	12,517.15	
Deferred Revenue	12,517.15	
Advanced Funding from Third Party	22,770.78	
Total Current Liabilities	$	47,805.08	
Total Liabilities	$	47,805.08	

Net Assets
Net Assets, Unrestricted	

$	1,251.97	
Net Assets - General Government	(10,167.65)	
Current Year Net Assets - General Government	(26,031.93)	
Total Net Assets	$	(34,947.61)	
		
Total Liabilities and Net Assets	$	12,857.47	

Page 1 of 1

Statement of Activities As of 7/31/2020

General Fund

Revenues

Total Revenues	$	-

POL Insurance	$	2,652.00	
Management	8,333.30	
District Counsel	6,892.13	
Audit	2,800.00	
Postage & Shipping	11.55	
Legal Advertising	325.95	
Web Site Maintenance	1,600.00	
Dues, Licenses, and Fees	175.00	
General Insurance	3,242.00	
Total Expenses	$	26,031.93

her Revenues (Expenses) & Gains (Losses)	
Total Other Revenues (Expenses) & Gains (Losses)	$	-	
Change In Net Assets	$	(26,031.93)	

Net Assets At Beginning Of Year	
$	(8,915.68)	

Net Assets At End Of Year	
$	(34,947.61)	

Expenses

Ot

Page 1 of 1

Statement of Financial Position As of 7/31/2020

General Fund

Assets

Current Assets

General Checking Account	$	340.32	
Accounts Receivable - Due from Developer	12,517.15	
Total Current Assets	$	12,857.47	

Total Assets	$	12,857.47

Liabilities and Net Assets

Current Liabilities
Accounts Payable	
$	12,517.15	
Deferred Revenue	12,517.15	
Advanced Funding from Third Party	22,770.78	
Total Current Liabilities	$	47,805.08	
Total Liabilities	$	47,805.08	

Net Assets
Net Assets, Unrestricted	

$	1,251.97	
Net Assets - General Government	(10,167.65)	
Current Year Net Assets - General Government	(26,031.93)	
Total Net Assets	$	(34,947.61)	
		
Total Liabilities and Net Assets	$	12,857.47	

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