VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING OCTOBER 21, 2019
6:00 P.M.

Special District Services, Inc.
6625 Miami Lakes Drive, Suite 374 Miami Lakes, FL 33014

www.venetianparccdd.org 305.777.0761 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT
Venetian Parc Community Clubhouse Meeting Room 15351 SW 175th Street
Miami, Florida 33187
REGULAR BOARD MEETING
October 21, 2019
6:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
July 25, 2019 Regular Board Meeting & Public Hearing.	Page 2
Old Business
Discussion Regarding Additional Parking Spaces – Caltran Engineering Group, Inc.	Page 6
Update Regarding Pedestrian Crosswalk Adjacent to Public Park
Staff Report as Required
New Business
Consider Resolution No. 2019-06 – Adopting a FY 2018/2019 Amended Budget.	Page 8
Staff Report as Required
Administrative & Operational Matters
Discussion Regarding Monument Signs and Lighting
Financial Risk Management Policy/Review – Fiscal Year 2018/2019	Page 14
Staff Report as Required
Board Member & Staff Closing Comments
Adjourn

MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and Legal Holidays
Miami, Miami-Dade County, Florida

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily Business  Review  f/k/a  Miami  Review,   a   daily   (except Saturday,	Sunday and  Legal  Holidays)  newspaper, published at Miami in Miami-Dade County, Florida;  that  the attached  copy  of  advertisement,  being  a   Legal  Advertisement of Notice in the matter of

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2019/2020 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper in the issues of 10/11/2019

Affiant  further   says   that the  said	Miami Daily Business Review is a newspaper published at Miami, in said Miami-Dade County,  Florida  and  that  the  said  newspaper  has  heretofore been continuously published in said Miami-Dade County,  Florida each  day  (except  Saturday,  Sunday  and   Legal Holidays)   and has  been  entered  as  second  class  mail  matter  at  the  post office in  Miami  in  said  Miami-Dade  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 or  she has  neither  paid  nor  promised  any  person,  firm or  corporation any discount,  rebate,  commission  or  refund  for  the purpose  of this    advertisement	for	publication	in    the	said

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GUILLERMO GARCIA personally known to me

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VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
JULY 25, 2019

CALL TO ORDER

District Manager Nancy Nguyen called the July 25, 2019, Regular Board Meeting of the Venetian Parc Community Development District to order at 6:02 p.m. in the Venetian Parc Community Clubhouse Meeting Room located at 15351 SW 175th Street, Miami, Florida 33187.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on May 13, 2019, as part of the revised fiscal year 2018/2019 regular meeting schedule.

ESTABLISH A QUORUM

Ms. Nguyen stated that the attendance of Chairman Sergio Valdes, Vice Chairman Eugene Collings- Bonfill, and Supervisors Aron Heinrich and Rachel Hernandez constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance: District Managers Nancy Nguyen and Neil Kalin of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

Also in attendance: Alexander Hernandez, Miami, Florida

DISCUSSION	REGARDING	RESIGNATION	(DEVELOPER	REP)	AND APPOINTMENT (DEVELOPER REP)

This item was deferred.

ADMINISTER OATH OF OFFICE AND REVIEW BOARD MEMBER DUTIES AND RESPONSIBILITIES

This item was deferred.

RE-ELECTION OF OFFICERS (AS REQUIRED)

This item was not required at this time.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
JULY 25, 2019

May 9, 2019, Regular Board Meeting

Ms. Nguyen presented the minutes of the May 9, 2019, Regular Board Meeting and asked if there were any changes. There being no comments or changes, a motion was made by Mr. S. Valdes, seconded by Mr. Collings-Bonfill and unanimously passed to approve the minutes of the May 9, 2019, Regular Board Meeting, as presented.

At this time, it was brought to the attention of District Staff that there were streets within the community that did not have the second lift of asphalt; monument signs that are not illuminated and need maintenance; missing crosswalk markings; and damaged storm drain inlet covers in surrounding areas. Ms. Nguyen stated that she would have District Staff look into these matters and report the findings at an upcoming meeting.

Note: At approximately 6:26 p.m., Ms. Nguyen recessed the Regular Meeting and simultaneously opened the Public Hearing.

PUBLIC HEARING
Proof of Publication

Ms. Nguyen presented proof of publication that notice of the Public Hearing had been published in the
Miami Daily Business Review on July 5, 2019, and July 12, 2019, as legally required.

Receive Public Comment on the Fiscal Year 2019/2020 Final Budget

Ms. Nguyen opened the public comment portion of the public hearing to receive comments on the fiscal year 2019/2020 final budget and non-ad valorem special assessments. There being no comments from the public on the fiscal year 2019/2020 final budget and assessments, Ms. Nguyen closed the public comment portion of the Public Hearing.

Consider Resolution No. 2019-02 – Adopting a Fiscal Year 2019/2020 Final Budget

Ms. Nguyen presented Resolution No. 2019-02, entitled:

RESOLUTION NO. 2019-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2019/2020 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen read the title of the resolution into the record and indicated that it provided for approving and adopting the fiscal year 2019/2020 final budget and non-ad valorem special assessment tax roll. Ms. Nguyen stated that as a result of the Venetian Parc Homeowners’ Association (the “Association”) informing the District that the Association would seek private financing to purchase the Venetian Parc Community Clubhouse (the “Clubhouse”) and therefore would no longer require assistance from the District, the administrative/maintenance assessments and the bond debt assessments were removed from

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
JULY 25, 2019

the 2019/2020 budget. In addition, Ms. Nguyen noted that copies of the assessment roll were printed and made available at this meeting. A discussion ensued after which:

A motion was made by Mr. S. Valdes, seconded by Mr. Collings-Bonfill and unanimously passed to approve and adopt Resolution No. 2019-02, thereby setting the fiscal year 2019/2020 final budget and non-ad valorem special assessment tax roll.

Note: At approximately 6:41 p.m., Ms. Nguyen closed the Public Hearing and simultaneously reconvened the Regular Meeting.

OLD BUSINESS
Staff Report, as Required

There was no Staff Report at this time.

NEW BUSINESSS
Consider Resolution No. 2019-03 – Adopting a Fiscal Year 2019/2020 Meeting Schedule

Ms. Nguyen presented Resolution No. 2019-03, entitled:

RESOLUTION NO. 2019-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2019/2020 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen provided an explanation for the document. A discussion ensued after which:

A motion was made by Mr. S. Valdes, seconded by Mr. Collings-Bonfill and unanimously passed to approve and adopt Resolution No. 2019-03, as amended, changing the following meeting dates: October 24, 2019 to October 21, 2019, March 26, 2020 to March 23, 2020, and May 28, 2020 to May 26, 2020; thereby setting the fiscal year 2019/2020 regular meeting schedule and authorizing the publication of same, as required by law.

ADMINISTRATIVE & OPERATIONAL MATTERS
Statement of Financial Interests 2018 Form 1

The Board was reminded of the importance of completing and mailing to the Supervisor of Elections’ Office within the County of residency their individual Statement of Financial Interests - 2018 Form 1. The deadline for submittal was July 1, 2019.

Staff Report as Required

There was no Staff Report at this time.

VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING & PUBLIC HEARING
JULY 25, 2019

BOARD MEMBER & STAFF CLOSING COMMENTS

The Board expressed their concerns with the lack of guest parking spaces within the District. A discussion ensued after which the Board consensus was to have a traffic engineer conduct a walkthrough to suggest possibilities of having additional guest parking spaces throughout the District. More information regarding this topic will be provided at an upcoming meeting.

Ms. Nguyen advised that unless an emergency were to arise the Board would not need to meet until September 26, 2019.

ADJOURNMENT

There being no further business to come before the Board, the July 25, 2019, Regular Board Meeting was adjourned at 7:12 p.m. on a motion made by Mr. Collings-Bonfill, seconded by Mr. S. Valdez and passed unanimously.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

August 29, 2019

Venetian Parc Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, FL 33410

RE:	Venetian Parc Community Development District (the "District")
Parking Improvements

Dear Mr. Romero,

CALTRAN Engineering Group, Inc. (CALTRAN) is pleased to submit the following proposal to provide engineering plans to enhance the parking within the community in subject.

Contract

THIS AGREEMENT (this "Agreement) is made and entered into on this         day of                    , 2019,  by and between CALTRAN Engineering Group, Inc. , ("Consultant") whose mailing address is 790 NW 107            Avenue,            Suite             200,             Miami,             FL             33172             and ("Client") whose mailing address is                                                       
                                                                                 for purposes of providing engineering services to complete a traffic evaluation for project referenced.

Article I.	Term

The Scope of Work shall commence no later than 5 days after mutual execution of this Agreement (the "Commencement Date") and delivery to CALTRAN through a Notice to Proceed (NTP). The Work shall  be completed in within 60 calendar weeks after the Commencement Date.

Article II.	Scope of Work

The following Specific items shall be included in the Scope of Work:
Assessment of impact of the proposed parking availability considering existing roadway conditions
Due Diligence with the Miami-Dade County planning and zoning as well as public works
Prepare an engineering component package using original files following FDOT plans Preparation Manual to include as follows
Key sheets
Project Layout
Roadway plans
Signing and pavement markings
Drainage
Tabulation of quantities as per FDOT pay items
Notes
MOT Plans with proposed traffic control elements

Details among others
Coordination with Contractor for potential revisions.
Assistance in preparation of memorandum permit documents as necessary
Coordination meetings with Client & Contractor (up to 5 meetings)

Article III.	Fee Proposal

Based on the above tasks, CALTRAN can complete this study for a lump sum cost of $8,500.00

Subject at all times to the other requirements and limitations set forth in this Agreement, Client agrees to make Progress Payments to Consultant.

50% of the Contract Price is due within five (5) days of mutual execution of this Agreement and Notice to Proceed, which shall be held as a retainer and shall be applied against the final invoice.

These figures are limited to the proposed scope provided at the time of notice to proceed and do not include any substantial direct expense such as topographic survey, geotechnical testing and utility exploration or participation in meetings beyond those related to the scope, as well as, potential comments generated by stakeholders which may take place after 6 months of CALTRAN final submittal.

At such time as Consultant shall desire to obtain any Progress Payment, Consultant shall deliver to Client a request for disbursement (each being hereinafter referred to as a "Request") which shall be paid to Consultant in accordance with this Agreement; provided that Consultant provides to Client partial releases of lien and waivers for the Scope of Work completed by Consultant as of the date of the Request.

Consultant's signature and submittal of a Request shall comprise Consultant's certification that the Scope of Work for which payment is requested has been completed in accordance with this Agreement and has been fully paid for or will be fully paid for with the proceeds of the requested advance.

Subject at all times to the other requirements and limitations hereof, Client shall make payment to Consultant not later than fifteen (15) days after Client receives a properly completed Request for Progress Payment from Consultant. Payments outstanding beyond such 15 day period shall  incur an interest of 15% per annum or the highest rate allowed by law, whichever is greater, until such time as the outstanding amount is paid in full, in addition to any fees or expenses (including but not limited to reasonable attorneys' fees and court costs) incurred by Consultant in attempting to collect the overdue payment.

Prior to disbursement of the final Progress Payment, Consultant shall deliver final releases of lien from Consultant and all materialmen, contractors, subcontractors, laborers or any other person, firm or corporation for goods delivered or for services performed by them regardless of whether such persons filed a notice to Client.

Contract Price does not include supplementary evaluations such as topographic, structural analyses for not at-graded structures, landscaping, and/or geotechnical inspections. Such supplementary analysis and evaluations could be coordinated by Consultant and billed separately in accordance with Paragraph 3.09 herein below. The Consultant shall advise the need in order to obtain competitive quotes of those services.

RESOLUTION NO. 2019-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2018/2019 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Venetian Parc Community Development District (the “District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1. The Amended Budget for Fiscal  Year  2018/2019  attached  hereto  as  Exhibit “A” is hereby approved and adopted.

Section 2.   The Secretary/Assistant Secretary of the District is authorized to execute   any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 21st day of October, 2019.

ATTEST:	VENETIAN PARC
COMMUNITY DEVELOPMENT DISTRICT

By: 			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Venetian Parc Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - AREA ONE III	AMENDED FINAL DEBT SERVICE FUND BUDGET - AREA TWO

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	79,359	81,021	81,021	
Maintenance Assessments	42,287	42,292	42,292	
Debt Assessments (Area One)	458,173	458,173	458,173	
Debt Assessments (Area Two)	457,015	457,015	457,015	
Interest Income	240	305	296	
				
TOTAL REVENUES	$	1,037,074	$	1,038,806	$	1,038,797	
				
EXPENDITURES				
ADMINISTRATIVE ASSESMENTS				
Supervisor Fees	0	0	0	
Payroll Taxes (Employer)	0	0	0	
Management	26,388	26,388	26,388	
Legal	11,000	12,000	10,640	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	4,000	3,600	3,600	
Insurance	8,400	5,000	5,000	
Legal Advertisements	850	850	560	
Miscellaneous	1,200	750	396	
Postage	325	125	111	
Office Supplies	600	475	428	
Dues & Subscriptions	175	175	175	
Website Management	1,500	1,500	1,500	
Arbitrage Rebate Fee - Area One	650	650	650	
Arbitrage Rebate Fee - Area Two	650	650	650	
Trustee Fee - Area One	3,600	3,500	3,500	
Trustee Fee - Area Two	3,600	3,500	3,500	
Continuing Disclosure Fee - Area One	500	500	500	
Continuing Disclosure Fee - Area Two	500	500	500	
Administrative Contingency	900	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,838	$	70,663	$	68,098	
				
MAINTENANCE ASSESSMENTS				
Park Maintenance Tract N	16,200	14,000	11,814	
Field Operations Management	900	900	900	
Community Entrance Signage Maintenance	4,200	250	0	
Street/Roadway Maintenance	2,600	750	575	
Electric Power Service/Misc	2,100	1,551	1,551	
Engineering/Annual Report/Inspections	1,500	2,000	200	
General Maintenance	3,750	3,700	2,862	
Maintenance Contingency	2,500	500	0	
Storm Preparedness	6,000	500	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	39,750	$	24,151	$	17,902	
				
TOTAL EXPENDITURES	$	114,588	$	94,814	$	86,000	
				
REVENUES LESS EXPENDITURES	$	922,486	$	943,992	$	952,797	
				
Bond Payments (Area One)	(430,682)	(436,567)	(436,567)	
Bond Payments (Area Two)	(429,594)	(435,865)	(435,865)	
				
BALANCE	$	62,210	$	71,560	$	80,365	
				
County Appraiser & Tax Collector Fee	(20,737)	(9,993)	(9,993)	
Discounts For Early Payments	(41,473)	(38,460)	(38,460)	
				
Excess/ (Shortfall)	$	-	$	23,107	$	31,912	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-		$	31,912	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$58,605	
$23,107	
$81,712	

Notes
$5,000 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA ONE)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income (Area One)	200	11,030	11,017	
NAV Tax Collection (Area One)	430,682	436,567	436,567	
Total Revenues	$	430,882	$	447,597	$	447,584	
				
EXPENDITURES				
Principal Payments (Area One)	90,000	85,000	85,000	
Interest Payments (Area One)	328,925	331,475	331,475	
Bond Redemption	11,957	0	0	
Total Expenditures	$	430,882	$	416,475	$	416,475	
				
Excess/Shortfall	$	-	$	31,122	$	31,109	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$549,722	
$31,122	
$580,844	

Notes
Reserve Fund Balance = $210,975*. Revenue Fund Balance = $369,869*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $254,463 - Principal Payment Of $90,000 & Interest Payment Of $164,463.
* Approximate Amounts

 	Series 2013 Bond Information - Area One	
Original Par Amount =	$5,515,000	Annual Principal Payments Due:	
Interest Rate =	6.0% - 6.5%	November 1st	
Issue Date =	October 2013	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	November 2043

$5,140,000	May 1st & November 1st	

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA TWO)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income (Area Two)	200	15,180	15,164	
NAV Tax Collection (Area Two)	429,594	435,865	435,865	
Total Revenues	$	429,794	$	451,045	$	451,029	
				
EXPENDITURES				
Principal Payments (Area Two)	75,000	70,000	70,000	
Interest Payments (Area Two)	344,025	346,256	346,256	
Bond Redemption	10,769	0	0	
Total Expenditures	$	429,794	$	416,256	$	416,256	
				
Excess/Shortfall	$	-	$	34,789	$	34,773	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$755,497	
$34,789	
$790,286	

Notes
Reserve Fund Balance = $424,827*. Revenue Account Balance = $365,459*.
Revenue Account Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $247,013 - Principal Payment Of $75,000 & Interest Payment Of $172,013.
* Approximate Amounts

 	Series 2013 Bond Information - Area Two	
Original Par Amount =	$5,175,000	Annual Principal Payments Due:	
Interest Rate =	6.375% - 7.125%	November 1st	
Issue Date =	October 2013	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	November 2044

$4,920,000	May 1st & November 1st	

FINANCIAL RISK MANAGEMENT POLICY
(Fiscal Year 2018/2019)
Special District Services, Inc. (“SDS, Inc.”), acting in the capacity of District Manager, as part of good management  practices  and  to  satisfy  annual  audit  requirements  does  implement certain measures and procedures to identify and mitigate financial mismanagement/fraud risks, as follows:
Each month the District’s operating/checking bank account is reconciled by an authorized person who has not deposited funds to, processed expenditures or written checks from, that particular operating/checking account; and

Each expenditure from the District’s operating/checking account requires a minimum of two (2) approvals from authorized staff and/or District officials and the respective approvals are provided by persons other than the preparer of the expenditure(s); and

All financial transactions are logged and maintained by the District Manager for record keeping purposes; and

A designated member of the Board (by an electronic approval procedure) has an opportunity to review the District’s expenditure(s) prior to the payment(s) being released; and

The District engages an independent firm, pursuant to Chapter 218.391, Florida Statutes, to audit the prior year’s financial activities (October 1st through September 30th) from which an independent fiscal year annual audit is prepared; and

Within sixty (60) days of the end of each fiscal year (September 30th) the District’s Board of Supervisors reviews, pursuant to Chapter 189.418(5), Florida Statutes, the prior year’s budget relative to actual revenues and expenditures and adopts by resolution an amended/revised final budget.

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