South Kendall	
Community Development District	

Unaudited Financial Reporting	
July 31, 2024	

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2016	

5-6	
	Month to Month	

7	
	Long Term Debt Report	

8	
	Assessment Receipt Schedule	

South Kendall	
Community Development District	
Combined Balance Sheet	
July 31, 2024	
General	Debt Service	Totals	
Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	
Petty Cash	

$	25,003	
500	

$	-	
-	

$	25,003	
500	

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

289,845	
9,745	

-	
-	

289,845	
9,745	

Series 2016	
Reserve	
Revenue	
Interest	
Principal	

-	
-	
-	
-	

364,241	
636,793	
97	
467	

-	
364,241	
636,793	
97	
467	

Deposits	4,821	-	4,821

Total Assets	$	329,914	$	1,001,598	$	1,331,512	
Liabilities:	
Accounts Payable	$	4,543	$	-	$	4,543	

Total Liabilites	$	4,543	$	-	$	4,543

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

$	4,821	$	-	$	4,821

-	1,001,598	1,001,598

9,745	
310,805	

-	
-	

9,745	
310,805	

Total Fund Balances	$	325,371	$	1,001,598	$	1,326,969	
				
Total Liabilities & Fund Balance	$	329,914	$	1,001,598	$	1,331,512	

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

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

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

$	933,474	
-	

$	938,572	
19,506	

$	5,098	
19,506	

Total Revenues	$	933,474	$  933,474	$958,078	$	24,604	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	5,000	$	3,000	$	2,200	$	800	
PR-FICA	383	230	168	61	
Engineering	6,000	5,000	981	4,019	
Attorney	18,000	15,000	9,738	5,263	
Annual Audit	4,200	4,200	4,200	-	
Arbitrage Rebate	550	-	-	-	
Dissemination Agent	2,500	2,083	2,083	0	
Trustee Fees	3,250	3,250	3,250	-	
Management Fees	54,451	45,376	45,376	0	
Computer Time	1,000	833	833	0	
Website Maintenance	3,000	2,500	2,500	-	
Telephone	150	125	-	125	
Postage & Delivery	500	417	385	32	
Insurance General Liability	10,010	10,010	9,280	730	
Rental & Leases	2,400	2,000	2,000	-	
Printing & Binding	250	208	81	128	
Legal Advertising	750	625	1,332	(707)	
Other Current Charges	750	625	619	6	
Office Supplies	250	208	47	161	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	113,569	$	95,865	$	85,248	$	10,617	
Operations & Maintenance

Maintenance Expenditures		
Security Service	$	189,544	
Landscape Maintenance	101,265	
Landscape-Ficus Fumigation	9,000	
Seasonal Landscape Maintenance	36,000	
Tree Trimming	100,000	
Repairs and Maintenance	50,000	
Sprinkler Repairs and Maintenance	12,000	
Stormwater Drainage Cleaning	30,000	
Contingency	4,340	
Holiday Décor	7,796	
Capital Outlay	-	

$	157,953	
88,686	
9,000	
-	
100,000	
41,667	
13,800	
-	
3,617	
7,796	
-	

$	169,051	
88,686	
7,500	
-	
100,000	
12,169	
13,800	
-	
-	
7,299	
34,825	

$	(11,097)	
-	
1,500	
-	
-	
29,498	
-	
-	
3,617	
497	
(34,825)	

Subtotal Maintenance Expenditures	$	539,944	$  422,518	$	433,329	$	(10,811)	

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

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Clubhouse and Amenities Expenditures		
Management Clubhouse	$	141,796	
Alarm Monitoring & Fire	2,408	
Telephone/Cable	6,600	
Electricity	25,000	
Water/Sewer	8,000	
Property Insurance	30,977	
Refuse Service	1,566	
Repairs and Replacements	30,000	
Pool Maintenance	23,760	
Pool Repairs	15,000	
Landscape Maintenance	39,381	
Fitness Equipment Maintenance	3,500	
Other Contingency	38,999	
Special Events	5,000	
Janitorial Supplies	15,000	
Permit Fees	1,000	
Pest Control	588	

$	118,163	
2,007	
5,500	
20,833	
6,667	
30,977	
1,566	
25,000	
19,800	
15,000	
39,322	
2,917	
32,499	
-	
12,500	
1,000	
490	

$	126,057	
2,196	
6,180	
17,156	
11,064	
23,972	
1,683	
5,779	
17,820	
70,606	
39,322	
3,586	
240	
-	
14,344	
-	
487	

$	(7,894)	
(189)	
(680)	
3,677	
(4,397)	
7,005	
(117)	
19,221	
1,980	
(55,606)	
-	
(669)	
32,259	
-	
(1,843)	
1,000	
3	

Subtotal Clubhouse and Amenity Expenditures	$	388,574	$  334,240	$	340,490	$	(6,249)	

Total Operations & Maintenance	$	928,518	$  756,758	$	773,819	$	(17,060)	

Total Expenditures	$ 1,042,087	$  852,624	$	859,067	$	(6,443)	

Excess (Deficiency) of Revenues over Expenditures	$	(108,613)	$	80,850	$	99,011	$	18,161	

Net Change in Fund Balance	$  (108,613)	$	80,850	$	99,011	$	18,161	
	
Fund Balance - Beginning	$	108,613		$	226,360		
	
Fund Balance - Ending	$	-		$	325,371		

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

Adopted	Prorated Budge	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

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

$	633,986	
4,167	

$	636,086	
40,919	

$	2,099
36,753

Total Revenues	$  638,986	$  638,153	$677,005	$	38,852	
Expenditures:		
Interest - 11/1	139,350	139,350	$	139,350	-	
Principal - 11/01	350,000	350,000	350,000	-	
Interest - 5/1	134,975	134,975	134,975	-	
Total Expenditures	$  624,325	$  624,325	$  624,325	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	14,661	$	13,828	$	52,680	$	38,852	

Net Change in Fund Balance	$	14,661	$	13,828	$	52,680	$	38,852	
		
Fund Balance - Beginning	$	604,256	$	948,918	
		
Fund Balance - Ending	$	618,917	$ 1,001,598	

South Kendall	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Special Assessments - Tax Roll	$	-	$  149,154	$  702,790	$	26,074	$	17,803	$	2,573	$	16,110	$	10,144	$	13,778	$	147	$	-	$	-	$  938,572	
Interest Income	96	94	1,492	3,414	3,196	3,024	2,585	2,213	1,824	1,568	-	-	19,506	

Total Revenues	$	96	$ 149,248	$ 704,283	$  29,488	$  20,998	$	5,597	$  18,696	$  12,357	$  15,602	$	1,715	$	-	$	-	$ 958,078	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	-	$	-	$	800	$	-	$	-	$	600	$	-	$	800	$	-	$	-	$	2,200	
PR-FICA	-	-	-	-	61	-	-	46	61	-	-	-	168	
Engineering	-	-	-	-	-	-	-	-	981	-	-	-	981	
Attorney	500	500	500	500	1,320	500	1,513	500	3,905	-	-	-	9,738	
Annual Audit	-	-	-	4,200	-	-	-	-	-	-	-	-	4,200	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	208	208	208	208	208	208	208	208	208	208	-	-	2,083	
Trustee Fees	3,250	-	-	-	-	-	-	-	-	-	-	-	3,250	
Management Fees	4,538	4,538	4,538	4,538	4,538	4,538	4,538	4,538	4,538	4,538	-	-	45,376	
Computer Time	83	83	83	83	83	83	83	83	83	83	-	-	833	
Website Maintenance	250	250	250	250	250	250	250	250	250	250	-	-	2,500	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	10	14	48	65	54	65	54	11	56	8	-	-	385	
Insurance General Liability	9,280	-	-	-	-	-	-	-	-	-	-	-	9,280	
Rental & Leases	200	200	200	200	200	200	200	200	200	200	-	-	2,000	
Printing & Binding	9	9	9	14	1	4	11	7	18	-	-	-	81	
Legal Advertising	-	-	-	-	-	-	438	894	-	-	-	-	1,332	
Other Current Charges	-	-	-	56	-	-	29	136	223	175	-	-	619	
Office Supplies	47	-	-	-	-	-	-	-	-	-	-	-	47	
Dues, Licenses & Subscriptions	-	175	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  18,375	$	5,978	$	5,836	$  10,114	$	7,515	$	5,848	$	7,324	$	7,473	$  10,524	$	6,262	$	-	$	-	$  85,248	

South Kendall	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Operations & Maintenance

Maintenance Expenditures														
Security Service	$	18,943	$	20,358	$	16,545	$	16,545	$	15,527	$	16,290	$	15,972	$	16,545	$	15,781	$	16,545	$	-	$	-	$  169,051	
Landscape Maintenance	7,790	7,790	11,684	7,790	7,790	7,790	7,790	11,684	10,790	7,790	-	-	88,686	
Landscape-Ficus Fumigation	-	-	-	-	7,500	-	-	-	-	-	-	-	7,500	
Seasonal Landscape Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Tree Trimming	-	-	-	-	-	50,000	-	50,000	-	-	-	-	100,000	
Repairs and Maintenance	325	-	-	3,504	860	-	2,525	1,580	2,175	1,200	-	-	12,169	
Sprinkler Repairs and Maintenance	800	800	800	800	800	800	1,700	800	5,700	800	-	-	13,800	
Stormwater Drainage Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Décor	-	-	-	7,299	-	-	-	-	-	-	-	-	7,299	
Capital Outlay	34,825	-	-	-	-	-	-	-	-	-	-	-	34,825	

Subtotal Field Expenditures	$  62,683	$  28,947	$  29,029	$  35,937	$  32,476	$  74,880	$  27,987	$  80,609	$  34,446	$  26,334	$	-	$	-	$ 433,329	

Clubhouse and Amenities Expenditures	
Management Clubhouse	$	12,455	$	12,455	$	12,455	$	12,455	$	13,985	$	12,455	$	12,655	$	12,235	$	12,455	$	12,455	$	-	$	-	$  126,057	
Alarm Monitoring & Fire	-	657	-	-	657	150	-	657	-	75	-	-	2,196	
Telephone/Cable	605	606	606	617	617	617	617	627	634	634	-	-	6,180	
Electricity	1,637	1,503	1,610	1,579	1,523	1,532	1,801	1,957	2,010	2,004	-	-	17,156	
Water/Sewer	-	-	1,334	-	-	1,002	-	-	8,728	-	-	-	11,064	
Property Insurance	23,972	-	-	-	-	-	-	-	-	-	-	-	23,972	
Refuse Service	1,683	-	-	-	-	-	-	-	-	-	-	-	1,683	
Repairs and Replacements	-	-	-	-	-	-	845	1,050	3,784	100	-	-	5,779	
Pool Maintenance	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980	-	-	-	17,820	
Pool Repairs	22,540	-	-	1,480	154	21,240	21,942	970	780	1,500	-	-	70,606	
Landscape Maintenance	3,029	6,029	4,544	3,029	6,029	3,029	3,029	4,544	3,029	3,029	-	-	39,322	
Fitness Equipment Maintenance	125	125	125	2,311	150	150	150	150	150	150	-	-	3,586	
Other Contingency	-	-	-	-	-	240	-	-	-	-	-	-	240	
Special Events	-	-	-	-	-	-	-	-	-	-	-	-	-	
Janitorial Supplies	1,138	1,134	1,514	1,214	1,040	621	1,580	3,638	2,464	-	-	-	14,344	
Permit Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pest Control	49	49	49	49	49	49	49	49	49	49	-	-	487	

Subtotal Amenity Expenditures	$  69,212	$  24,538	$  24,218	$  24,713	$  26,184	$  43,065	$  44,647	$  27,856	$  36,062	$  19,996	$	-	$	-	$ 340,490	

Total Operations & Maintenance	$ 131,895	$  53,486	$  53,247	$  60,650	$  58,660	$ 117,944	$  72,634	$ 108,465	$  70,508	$  46,330	$	-	$	-	$ 773,819	

Total Expenditures	$ 150,270	$  59,463	$  59,083	$  70,764	$  66,175	$ 123,792	$  79,958	$ 115,938	$  81,032	$  52,592	$	-	$	-	$ 859,067	

Excess (Deficiency) of Revenues over Expe	$ (150,174)	$	89,784	$  645,199	$  (41,276)	$  (45,177)	$ (118,195)	$  (61,263)	$ (103,581)	$  (65,430)	$  (50,877)	$	-	$	-	$	99,011	

Net Change in Fund Balance	$ (150,174)	$  89,784	$ 645,199	$  (41,276)	$  (45,177)	$ (118,195)	$  (61,263)	$ (103,581)	$  (65,430)	$  (50,877)	$	-	$	-	$  99,011	

South Kendall	
Community Development District	
Long Term Debt Report	

	

	

	

	

Series 2016, Special Assessment Refunding Bonds

Bond Issuance:	9/28/2016	$9,095,000	
Maturity Date:	11/1/2040	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$316,993.50		
Reserve Fund Balance	364,240.77		
Term 1:	$3,375,000		
	2.000%,2.250%,		
Interest Rate:	2.500%, 2.750%,		
	3.000%, 3250%		
Maturity Date:	11/1/2026		
Term 2:	$2,115,000		
Interest Rate:	4.000%		
Maturity Date:	11/1/2031		
Term 3:	$2,745,000		
Interest Rate:	4.250%		
Maturity Date:	11/1/2036		
Term 4:	$860,000		
Interest Rate:	4.125%		
Maturity Date:	11/1/2040		

Bonds Outstanding:		
$9,095,000	
Less: Principal Payment - 11/1/17		($280,000)	
Less: Principal Payment - 11/1/18		($320,000)	
Less: Principal Payment - 11/1/19		($325,000)	
Less: Principal Payment - 11/1/20		($330,000)	
Less: Principal Payment - 11/1/21		($330,000)	
Less: Principal Payment - 11/1/22		($335,000)	
Less: Principal Payment - 11/1/23		($350,000)	
Current Bonds Outstanding		$6,825,000	

Page 7

South Kendall
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Miami Dade County Fiscal Year 2024

Gross Assessments	$	982,604.63	$	667,353.86	$  1,649,958.49	
Net Assessments	$	933,474.40	$	633,986.17	$  1,567,460.57	
ON ROLL ASSESSMENTS
allocation in %	59.55%	40.45%	100.00%
Date	Distribution	Gross Amount	Discoumt/
Penalty	Commission	Interest	Net Receipts	O&M Portion	2016 Debt
Service	Total	

11/21/27	
06/01-11/01/23	
$	10,581.43	
$	555.53	
$	100.26	
$	-	
$	9,925.64	
$	5,911.05	
$	4,014.59	
$	9,925.64	
11/21/27	11/01-11/11/23	113,106.86	4,524.19	1,085.83	-	107,496.84	64,017.91	43,478.93	107,496.84	
11/25/27	11/12-11/18/23	139,975.06	5,598.90	1,343.75	-	133,032.41	79,225.18	53,807.23	133,032.41	
12/09/27	11/19-11/30/23	1,201,904.87	48,564.54	11,536.04	-	1,141,804.29	679,982.07	461,822.22	1,141,804.29	
12/19/27	12/01-12/13/23	5,693.22	227.73	54.66	-	5,410.83	3,222.33	2,188.50	5,410.83	
12/28/27	12/01-12/13/23	34,424.88	1,204.85	332.20	-	32,887.83	19,585.79	13,302.04	32,887.83	
01/09/28	12/14-12/31/23	45,624.40	1,400.18	442.24	-	43,781.98	26,073.61	17,708.37	43,781.98	
02/07/28	01/01-01/31/24	28,136.18	591.37	275.44	-	27,269.37	16,239.81	11,029.56	27,269.37	
02/28/28	interest	-	-	-	1,562.72	1,562.72	1,562.72	-	1,562.72	
03/09/28	02/01-02/29/24	4,231.16	53.74	41.78	-	4,135.64	2,462.91	1,672.73	4,135.64	
03/10/28	interest	-	-	-	109.85	109.85	109.85	-	109.85	
04/11/28	01/01-03/01/24	6,002.31	-	60.04	-	5,942.27	3,538.82	2,403.45	5,942.27	
04/11/28	03/01-03/31/24	21,322.81	0.11	213.21	-	21,109.49	12,571.40	8,538.09	21,109.49	
05/11/28	interest	-	-	-	187.18	187.18	187.18	-	187.18	
05/11/28	04/01-04/30/24	16,473.84	(413.61)	168.87	-	16,718.58	9,956.47	6,762.11	16,718.58	
06/11/28	05/01-05/31/24	8,236.92	(244.65)	82.38	-	8,399.19	5,001.99	3,397.20	8,399.19	
06/25/28	certificate sale	14,244.55	(634.60)	142.45	-	14,736.70	8,776.19	5,960.51	14,736.70	
07/29/24	interest	-	-	-	147.06	147.06	147.06	-	147.06	
	TOTAL	$ 1,649,958.49	$	61,428.28	$	15,879.15	$	2,006.81	$ 1,574,657.87	$	938,572.34	$	636,085.53	$ 1,574,657.87	

Page 8