Windward
Community Development District Agenda
July 19, 2023

Agenda

Windward
Community Development District

219 East Livingston Street, Orlando, FL 32801 Phone: 407-841-5524 – Fax: 407-839-1526

July 12, 2023

Board of Supervisors Windward Community Development District

Dear Board Members:
The regular meeting of the Board of Supervisors of the Windward Community Development District will be held Wednesday, July 19, 2023 at 2:00 p.m. at 7813 Four Seasons Blvd., Kissimmee, Florida 34747. Following is the agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the May 17, 2023 Board of Supervisors Meeting
Presentation of Fiscal Year 2022 Financial Audit
Staff Reports
Attorney
Engineer
Review of District Engineer Annual Report
District Manager
Approval of Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Other Business
Supervisors’ Requests
Adjournment

Minutes

MINUTES OF MEETING WINDWARD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Windward Community Development District was held Wednesday, May 17, 2023 at 2:00 p.m. at 7813 Four Seasons Boulevard, Kissimmee, Florida.

Present and constituting a quorum were:

Jimmy Clark	Chairman
Susan Moss	Vice Chairperson
Marvin Morris	Assistant Secretary
Gretta Akellino	Assistant Secretary Also Present were:
Jason Showe	District Manager
Kristen Trucco	District Counsel
David Kelly	District Engineer
Andy Hatton	Field Manager
Rey Owen	Juniper Landscaping Several Residents

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment
Following is a summary of the public comments: no differentiation between outside or community sponsored events, who approves the events, block parties, special events policy, liability issues.
Mr. Morris moved to approve blocking Flora Pass cul-de-sac for a block party but there being no seconded the motion die for lack of a second.
Additional comments: doggie stations, a number of unreasonable restrictions in the proposed event policy, streets are public, proposed policy was an example only, unable to have a party in driveways because of the slant, resident committee, is it possible to draft hold harmless

agreement for residents who attend block parties, residents feel restricted in social events, CDD insurance, third party claims, reach out to insurer for recommendations, better background information on future proposals, intent and services of the board, streets owned by CDD, CDD owns, streets, stormwater structures and CDD properties can be found on property appraisers website, put map on website, cracks in sidewalks and bike paths, several places on Four Seasons Boulevard with no graduated access to sidewalks, estimate of retaining wall completion, roads will be owned in perpetuity, makeup of the board, district manager to set meeting to go over basics of the CDD, resident safety, sidewalks need repair, first two intersections past the clubhouse need stop signs, sidewalks were not continued, camera at front entrance, safety issues, streetlights are leased, maintenance on fountain, waterfall, landscaping and irrigation, vandalism and leaks at fountains, more communication with residents, consider cul-de-sac for parties, maintenance needed on sidewalks, agreement with the HOA, maintenance of parkway areas and boulevards, CDD maintains the trees, issues with sod, lack of reclaimed water, issues with trees, extremely unhappy with landscape maintenance, possibly draft an events policy for residents to comment, golf cart tour for board to see the area, construction of dog park.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the March 15,
2023 Meeting

On MOTION by Mr. Morris seconded by Mr. Clark with all in favor the minutes of the March 15, 2023 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Public Hearing
Consideration of Resolution 2023-03 Rules Governing Parkway Areas

On MOTION by Mr. Clark seconded by Mr. Morris with all in favor the public hearing was opened.

Ms. Trucco stated I have gone over the majority of the information about the maintenance of parkway area that is located in front of the residential lots. At the last board meeting you saw this same rule governing parkway areas and the board adopted a resolution setting a public hearing for today. There has been published notice of this rule and today is the hearing to potentially adopt

or modify this rule. You have a few options: you can modify the rule and adopt it, continue the public hearing to a date, place and time certain, and revisit this rule. The language in this rule proposes that the CDD would delegate the responsibility for the parkway maintenance to the resident and/or the HOA to maintain the landscaping including the sod in the parkway area. We are talking about the grass in front of the individual homes including the tree that is in the parkway area between the sidewalk area and the road. This rule also delegates responsibility to the CDD to maintain the tree, which this board has already directed GMS staff to go out there with a landscaper and maintain and restore those trees. We are in the process of doing that based on resident feedback. The HOA has historically taken care of that area and we were put on notice that they are no longer going to do that. We have had multiple conversations with the developer team and HOA’s counsel and we are trying to iron out an agreement for how that parkway area is going to be maintained moving forward. This is potentially a compromise; we don’t have the HOA’s counsel’s approval yet but they are aware that this rule is currently being reviewed by the CDD. As it is written today it would put the responsibility on the resident or the HOA to maintain the parkway area with the exception of the tree. The CDD would be maintaining that tree, we would not have the obligation to replace the tree and we would reserve the right to step in and maintain the landscaping in the parkway area if there was a safety/welfare threat to the public.
I spoke with a few of you before the meeting and it sounds like there is some desire to table this until we have a more firm answer from the HOA that they are in agreement with these terms. A resident asked if the tree is knocked over by a hurricane who is responsible for the tree?
Ms. Trucco stated under this rule the CDD would not have the obligation to replace the tree, the CDD could remove it and the resident could approach the CDD and say we want to put a tree in.
A resident asked would you replace the tree today?
Mr. Showe stated the CDD has been operating under this rule. There was some confusion after the last hurricane based on conversations we have had with the HOA. It was our understanding that the HOA was maintaining that area including the tree when we found out they weren’t this board and our staff said we would fix the trees.
A resident asked would the HOA make us replace the tree.
Ms. Trucco stated I don’t think they have the ability to require you to replace the tree. The HOA’s lawyer has this rule and they are reviewing it and I just have not gotten their final okay.

area.

A resident asked will you sod and mulch the area?
Ms. Trucco stated that is part of the conversation now, who will be restoring the parkway

On MOTION by Mr. Morris seconded by Ms. Akellino with all in favor the public hearing was continued to August 16, 2023 at 2:00
p.m. in the same location.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-04
Approving the Fiscal Year 2024 Proposed Budget and Setting a Public Hearing
Mr. Showe stated Resolution 2023-04 approves the fiscal year 2024 budget and sets the public hearing for August 16, 2023. The approved budget will be provided to the City of Kissimmee, Osceola County and will be posted to the district’s website.
Last year the developer deficit funded about 40% of your budget, which brought all the assessments down a little bit from the original proposal. This budget has a proposed O&M assessment of $2,262, which is a $1,000 increase per home over what you are currently paying. It would have gone up last year to about this amount had the developer not deficit funded the budget. We are working with the developer and it is my understanding that they intend to deficit fund at some level, but I do not have that number now. Today the board is setting a ceiling and whatever level KHov might choose to deficit fund will bring that number down. We will work with them between now and your budget hearing and hopefully, bring back a lower assessment but this is likely the budget you will see when this community is fully built out.
Mr. Morris stated that does not include the bonds.
Mr. Showe stated correct, the debt of $960 is not included, the total would be $3,222. The budget is not much different from the proposed budget last year, there are not a lot of increase on the expense side. The difference is the deficit funding that is not recognized in this proposed budget.
Ms. Trucco stated today you are setting the ceiling. You are required to pass a resolution approving a proposed budget that will set the ceiling and at the actual hearing to adopt the budget you will set the final numbers. You can’t go up in August you can bring this number down. If assessments go up, we are required to send mailed notice to every homeowner within the

community. Everyone will get notice of the increase and they are encouraged to come to the public hearing.
Ms. Akellino asked at what point will we know the level of contribution of deficit funding from the developer?
Mr. Showe stated I’m not sure, I anticipate it within the next 30-days. When I have that information, I will distribute that to the board. The purpose of today is to set the ceiling. We are working with only six months of actuals and over the next month or two we will continue to refine this budget. You are not locked into anything today except this is the maximum amount of assessment.
A resident asked if we are going to continue on with the budgets that are increasing significantly every year, I suggest we have a separation between what Juniper does and what the HOA does because we have grown over the years and if they are not doing their job why are you paying them.
A resident stated for the purpose of selling houses it appears that KHov significantly understated the cost of running this community. There should be more outrate about that. The CDD should be standing up to them. I don’t accept a $1,000 increase if KHov is not paying their share.
Mr. Showe stated the original budget we proposed last year when we started the process was a proposed assessment of $2,159 and we are close in range to that. There are some inflationary increases that basically drove it to the point you are at. We will continue to work with KHov and hopefully bring something back to your August meeting that is less.

On MOTION by Mr. Clark seconded by Ms. Moss with three in favor and Mr. Morris opposed Resolution 2023-04 Approving the Fiscal Year 2024 Proposed Budget and Setting a Public Hearing for August 16, 2023 was approved 3-1.

A resident asked are you responsible now for all the roads that KHov has put in without the ones that don’t have development around them yet? Have you accepted those?
Mr. Showe stated not all the roads.
A resident stated if we get all the houses sold that will be more people contributing to this
budget.

Mr. Showe stated KHov owns vacant property and they are assessed just like you are for that vacant property. If they own a lot, they are assessed just like you are. We have already considered the full development plan and the full development is assessed from day one. The CDD is taking on more areas that need to be maintained and the pool of people paying is the same.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-05
Approving the Conveyance Documents Related to Series 2020A-1 and 2020A-2 Requisition No. 4
Ms. Trucco stated this is related to one of the comments we just received about do we own all the roads. The answer is no, it has to go through a formal conveyance process before the CDD is the rightful owner of the roadway. We have something like that on the agenda today. Resolution 2023-05 contemplates and approves the conveyance of some real property tracts, specifically three right of way tracts in two different plats from KHov to the CDD and from the CDD to the HOA and from the CDD to Toho Water Authority. Those conveyances are consistent with the original development plan for the CDD including the recorded plats and development plans approved by Osceola County. We were notified by the developer and the district engineer that these improvements and real property tracts are ready for conveyance to the CDD so I prepared this resolution for your consideration. I have also run a title report with Fidelity Insurance and there are no encumbrances on these properties. There are two notices of commencement, the developer responded right away and they are working on clearing those from title. Once we have those cleared and notice of termination is accounted for providing those notices of commencement then these will be ready for conveyance to the CDD. Attached to the resolution are the actual conveyance documents. The first is a special warranty deed from KHov to the CDD, a bill of sale and those two documents actually convey the real property from the developer to the CDD. The bill of sale conveys the infrastructure improvements. You will see those listed in the attachment to the bill of sale. There is some infrastructure being conveyed to the HOA as well. The reclaimed water distribution system is going to the HOA in accordance with development plans and the potable water system and sanitary sewer system are going to Toho Water Authority in accordance with the development plans. We also have an owner’s affidavit and agreement regarding taxes. Those are assurances from the developer to the CDD that there are no outstanding taxes or encumbrances on the real property or infrastructure that would hinder the ability of the district to

own and maintain those. There is a certificate of the district engineer as required under the initial bond documents.
Mr. Morris left the meeting at this time.

On MOTION by Mr. Clark seconded by Ms. Akellino with three in favor Resolution 2023-05 Approving the Conveyance Documents Related to Series 2020A-1 and 2020A-2 Requisition No. 4 was approved subject to district counsel and district engineer signoff.

SEVENTH ORDER OF BUSINESS	Discussion	of	Engineer’s	Report	of
Infrastructure Issues

Mr. Kelly stated we went out and tested the condition at the intersection of Flora Pass Place and that is settling and we made a recommendation to the board and will coordinate with a vendor to rip out that section about halfway across the intersection, recompact the base, put the material back on and repave it.
The other item is there is early stress on the asphalt on Four Seasons Boulevard and we will continue to monitor it.

EIGHTH ORDER OF BUSINESS	Discussion of Special Event Policy
Mr. Showe stated we have had some discussion on this and it seems to be the board wants to put a hold on that for now and get input from the residents. If I receive any input or direction from residents, I will compile the comments and use that to formalize a policy in the future.
NINTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none the next item followed.

Engineer
Mr. Kelly stated we are waiting on three areas for wastewater clearance. There was a condition with a utility pole, we finally engineered that and we have a solution now for that.

Manager
Approval of Check Register

On MOTION by Ms. Akellino seconded by Mr. Clark with three in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Presentation of Registered Voters - 625
Mr. Showe stated there is a copy of the letter from the supervisor of elections indicating there are 625 registered voters residing within the district. We tripped the threshold of 250 registered voters last year and in 2024 two of the board seats will be filled by registered voters, which means you have to live here and be registered to vote and qualify to be on the ballot with the supervisor of elections.

Field Manager’s Report
There being no additional update, the next item followed.

TENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

TWELFTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Akellino seconded by Mr. Clark with three in favor the meeting adjourned at 4:12 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

WINDWARD
COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

WINDWARD COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds to
the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-21	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
22	
Notes to Required Supplementary Information	23	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	24	
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	

25-26	
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	

27	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
28-29	

INDEPENDENT AUDITOR’S REPORT

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

To the Board of Supervisors
Windward Community Development District Osceola County, Florida
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Windward Community Development District, Osceola County, Florida (“District”) as of and for the fiscal year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2022, and the respective changes in financial position for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for 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.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit 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 District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
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 is the responsibility of management and, 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 Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 26, 2023, 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 on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 26, 2023

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Windward Community Development District, Osceola County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2022. 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 its liabilities at the close of the most recent fiscal year resulting in a net position balance of $2,971,606.

The change in the District’s total net position in comparison with the prior fiscal year was
$2,125,222, an increase. 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, 2022, the District’s governmental funds reported combined ending fund balances of $9,373,113, a decrease of ($164,422) in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects and assigned for subsequent year’s expenditures.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s 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 assessments and Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

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: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

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

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

The District maintains three 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, debt service fund and capital projects fund, all of which are considered major funds.

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

Notes to the Financial Statements

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities as of September 30, 2022.

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

NET POSITION
SEPTEMBER 30,		
2022	2021	
Current and other assets	$	9,456,365	$	9,542,560	
Capital assets, net of depreciation	7,238,392	7,511,252	
Total assets	16,694,757	17,053,812	
Current liabilities	343,151	312,428	
Long-term liabilities	13,380,000	15,895,000	
Total liabilities	13,723,151	16,207,428	
Net position		
Net investment in capital assets	1,904,699	(314,113)	
Restricted	993,226	945,986	
Unrestricted	73,681	214,511	
Total net position	$	2,971,606	$	846,384	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase was due to the collection of prepaid assessments which were used to pay down the bonds.

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

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

	2022	2021	
Revenues: Program revenues
Charges for services	

$	3,568,279	

$	2,421,723	
Operating grants and contributions	407,267	448,755	
Capital grants and contributions	5,672	395	
Total revenues	3,981,218	2,870,873	
Expenses:
General government	
112,954	
107,494	
Maintenance and operations	1,035,575	838,051	
Interest	678,467	766,321	
Conveyance of infrastructure	-	1,509,349	
Bond issuance costs	29,000	387,225	
Total expenses	1,855,996	3,608,440	
Change in net position	2,125,222	(737,567)	
Net position - beginning	846,384	1,583,951	
Net position - ending	$	2,971,606	$	846,384	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2022 was $1,855,996. Program revenues were comprised primarily of assessments, Developer contributions and prepaid assessments in the current fiscal year. As for expenses, the decrease is mainly due to conveyance of assets to other entities and bond issuance costs in the prior year.

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. The general fund budget for the fiscal year ended September 30, 2022 was amended to increase revenues by $441 and increase appropriations by $193,380.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2022, the District had $8,185,778 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $947,386 has been taken, which resulted in a net book value of $7,238,392. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2022, the District had $13,380,000 in outstanding Bonds. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land 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 Windward Community Development District’s Finance Department at 219 E. Livingston St., Orlando, Florida, 32801.

WINDWARD COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2022

	Governmental
	Activities		
ASSETS		
Cash	$	29,739	
Assessments Receivable	5,073	
Due from Developer	125,190	
Restricted assets:		
Investments	9,296,363	
Capital assets:		
Depreciable, net		7,238,392 	
Total assets		16,694,757 	
LIABILITIES		
Accounts payable	83,252	
Accrued interest payable	259,899	
Non-current liabilities:		
Due within one year	140,000	
Due in more than one year		13,240,000 	
Total liabilities		13,723,151 	
NET POSITION		
Net investment in capital assets	1,904,699	
Restricted for debt service	993,226	
Unrestricted		73,681 	
Total net position	 $	2,971,606 	

See notes to the financial statements

WINDWARD COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

Charges for

Program Revenues Operating Grants and

Capital Grants and

Net (Expense) Revenue and Changes in Net Position

Governmental

Functions/Programs		Expenses	Services	Contributions	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	112,954	$	112,954	$	406,619	$	-	$	406,619	
Maintenance and operations	1,035,575	215,266	-	5,672	(814,637)	
Interest on long-term debt	678,467	3,240,059	648	-	2,562,240	
Bond issue costs			29,000		-		-		-		(29,000)  Total governmental activities		1,855,996	3,568,279	407,267	5,672	2,125,222 

Change in net position	2,125,222	
Net position - beginning		846,384 	
Net position - ending	 $	2,971,606 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2022

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

ASSETS		
Cash	$	29,739	$	-	$	-	$	29,739	
Investments	-	1,250,056	8,046,307	9,296,363	
Assessments receivable	2,004	3,069	-	5,073	
Due from Developer	125,190	-	-	125,190	
Total assets	 $	156,933	$ 1,253,125	$ 8,046,307	$ 9,456,365 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	83,252	$	-	$	-	$	83,252	
Total liabilities	83,252	-	-	83,252	

Fund balances:
Restricted for:		
Debt service	-	1,253,125	-	1,253,125	
Capital projects	-	-	8,046,307	8,046,307	
Assigned to:
Subsequent year's expenditures		
73,681		
-		
-		
73,681	
Total fund balances		73,681		1,253,125		8,046,307		9,373,113	

Total liabilities and fund balances	
$	
156,933	
$	
1,253,125	
$	
8,046,307	
$	
9,456,365	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2022

Fund balance - governmental funds	$  9,373,113

Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	8,185,778
Accumulated depreciation	   (947,386)   7,238,392 
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(259,899)
Bonds payable	 (13,380,000) (13,639,899)  Net position of governmental activities		$ 2,971,606

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	Major Funds		Total

REVENUES

Debt
General	Service

Capital Projects

Governmental Funds

Assessments	$	328,220	$ 3,240,059	$	-	$ 3,568,279	
Developer contributions	406,619	-	-	406,619	
Interest earnings	-	648	5,672	6,320	
Total revenues	734,839	3,240,707	5,672	3,981,218	

EXPENDITURES
Current:
General government	112,954	-	-	112,954	
Maintenance and operations	762,715	-	-	762,715	
Debt service:					
Principal	-	2,515,000	-	2,515,000	
Interest	-	725,971	-	725,971	
Bond issuance costs	-	-	29,000	29,000	
Total expenditures	875,669	3,240,971	29,000	4,145,640	

Net change in fund balances	
(140,830)	
(264)	
(23,328)	
(164,422)	
Fund balances - beginning	214,511	1,253,389	8,069,635	9,537,535	

Fund balances - ending	
$	73,681	
$ 1,253,125	
$	8,046,307	
$ 9,373,113	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

are different because:		
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

2,515,000	
Depreciation on capital assets is not recognized in the governmental fund financial statements, however, these amounts are recognized as expenses in the government-wide statement of activities.	

(272,860)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.	

47,504	
Change in net position of governmental activities	$  2,125,222	

Net change in fund balances - total governmental funds	$	(164,422) Amounts reported for governmental activities in the statement of activities

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Windward Community Development District (the "District") was established by Osceola County Ordinance 2017-21 effective on April 10, 2017 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 purpose of financing and managing the acquisition, construction, maintenance and operations of the infrastructure within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. Initially, the Board is elected by the landowners within the District based on one vote per acre or portion of an acre. Upon 6 years and 250 registered voters, the Supervisors are elected on an at large basis by registered voters residing within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2022, three of the five Board members are affiliated with K. Hovnanian at Mystic Dunes, LLC (“Developer”).

The Board has the responsibility for:
Allocating 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 residents and non-residents of the District 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 on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and certified for collection on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

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 reports the following major governmental funds:

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.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

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

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

When both restricted and unrestricted resources are available for use, it is the government’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 and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

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

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.

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.

Prepaid Items
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 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 acquisition 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 assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Roadways	30	
Stormwater/reclaim	30	
Infrastructure - other	30	

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

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 are deferred and amortized 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 nonspendable 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 established by the Board of Supervisors 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 difference 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.

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

Other Disclosures

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

NOTE 3 - BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. 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.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS

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.

Investments
The District’s investments were held as follows at September 30, 2022:
 Amortized Cost	Credit Risk	Maturities	

US Bank Mmkt 5 - Ct

 $	9,296,363 
 $	9,296,363 

Not available	N/A

Custodial credit risk – For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk.

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

Governmental activities
Capital assets, being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Infrastructure - roadways	$	798,316	$	-	$	-	$	798,316	
Infrastructure - stormwater	5,049,536	-	-	5,049,536	
Infrastructure - other	2,337,926	-	-	2,337,926	
Total capital assets, being depreciated	8,185,778	-	-	8,185,778	

Less accumulated depreciation for:			
Infrastructure - roadways	79,833	26,611	-	106,444	
Infrastructure - stormwater	360,882	168,318	-	529,200	
Infrastructure - other	233,811	77,931	-	311,742	
Total accumulated depreciation	674,526	272,860	-	947,386	

Total capital assets being depreciated	
7,511,252	
(272,860)	
-	7,238,392	

Governmental activities capital assets, net	
$	7,511,252	
$	(272,860)	
$	-	$	7,238,392	
The infrastructure intended to serve the District has been estimated at a total cost of approximately
$22,712,000. The infrastructure will include construction of the master stormwater management system, the sanitary sewer, portable water, and reclaimed water mains, roadway network, offsite roadway and utility improvements, perimeter landscape and irrigation improvements within the District boundary. A portion of the project costs was expected to be financed with the proceeds from the issuance of Series 2018 and 2020 Bonds with the remainder to be funded by future bond issuances or contributions from the Developer and conveyed to the District.

Depreciation was charged to maintenance and operations.

NOTE 6 – LONG-TERM LIABILITIES

Series 2018
On November 29, 2018, the District issued $3,460,000 of Series 2018 A-1 Bonds and $4,120,000 of Series 2018 A-2 Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2020 - May 1, 2049 and fixed interest rates ranging from 4.5% to 5.8%.The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1 commencing on May 1, 2019. Principal on the Series 2018 A-1 Bonds will be paid serially commencing on May 1, 2020 through May 1, 2049. Principal on the Series 2018 A-2 Bonds will be paid on November 1, 2029.

The Series 2018 A-1 Bonds are subject to optional redemption at the option of the District prior to their maturity. Both, Series 2018A-1 and Series A-2 are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain event occurred as outlined in the Bond Indenture. For Series 2018A-2, this occurred during the current fiscal year as the District collected assessments from lot closings and prepaid $290,000 of Series 2018 A-2 Bonds.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Series 2020
On October 29, 2020, the District issued $4,230,000 of Series 2020 A-1 Bonds and $8,010,000 of Series 2020 A-2 Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2025 - May 1, 2051 and fixed interest rates ranging from 3% to 4.5%.The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1 commencing on May 1, 2021. Principal on the Series 2020 A-1 Bonds will be paid serially commencing on May 1, 2022 through May 1, 2051. Principal on the Series 2020 A-2 Bonds will be paid on November 1, 2035.

The Series 2020 A-1 Bonds are subject to optional redemption at the option of the District prior to their maturity. Both, Series 2020A-1 and Series A-2 are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain event occurred as outlined in the Bond Indenture. For Series 2020A-2, this occurred during the current fiscal year as the District collected assessments from lot closings and prepaid $2,100,000 of Series 2020A-2 Bonds. In addition, see Note – 12 Subsequent Events for extraordinary redemption amounts subsequent to fiscal year end.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2022 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2018A-1	$	3,360,000	$	-	$	50,000	$	3,310,000	$	55,000	
Series 2018A-2	295,000	-	290,000	5,000	5,000	
Series 2020A-1	4,230,000	-	75,000	4,155,000	80,000	
Series 2020A-2	8,010,000	-	2,100,000	5,910,000	-	
Total	$	15,895,000	$	-	$	2,515,000	$	13,380,000	$	140,000	

At September 30, 2022, the scheduled debt service requirements on the long-term debt were as follows:

	Governmental Activities	
Year ending
  September 30:	Principal	Interest	Total	
2023	$	140,000	$	623,758	$	763,758	
2024	140,000	618,883	758,883	
2025	145,000	613,423	758,423	
2026	150,000	607,813	757,813	
2027	155,000	601,395	756,395	
2028-2032	900,000	2,743,510	3,643,510	
2033-2037	7,040,000	2,169,170	9,209,170	
2038-2042	1,290,000	1,088,240	2,378,240	
2043-2047	1,840,000	689,750	2,529,750	
2048-2051		1,580,000	184,340	1,764,340 
Total	 $  13,380,000	$	9,940,282	$  23,320,282 

The Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $406,619. As of September 30, 2022, the Developer owes the District $125,190.

Assessment revenue includes amounts paid by lots owned by the Developer.

NOTE 8 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer Landowner, the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 - MANAGEMENT COMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10 - 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 over the past three years.

NOTE 11 – HOA SHARED COST AGREEMENT

The District has entered an agreement with the HOA whereby the HOA will reimburse the District for a portion of the irrigation costs which are shared by the two entities. The agreement expires April 18, 2068 unless cancelled sooner by one of the parties in accordance with the terms of the agreement.

NOTE 12 – SUBSEQUENT EVENTS

Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $1,530,000 of the Series 2020A-2 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	Budgeted Amounts		Actual

Variance with Final Budget - Positive

	Original	Final	Amounts	(Negative)	

REVENUES
Assessments	

$	325,776	

$	326,217	

$	328,220	

$	2,003	
Developer contributions	418,610	418,610	406,619	(11,991)	
Total revenues	744,386	744,827	734,839	(9,988)	

EXPENDITURES
Current:
General government	119,952	142,186	112,954	29,232	
Maintenance and operations	624,434	795,580	762,715	32,865	
Total expenditures	744,386	937,766	875,669	62,097	

Excess (deficiency) of revenues over (under) expenditures	

-	

(192,939)	

(140,830)	

52,109	
OTHER FINANCING SOURCES
Carry forward	
-	
192,939	
-	
(192,939)	
Total other financing sources	-	192,939	-	(192,939)	

Net change in fund balances	
 $	-	$	-		
(140,830)  $	(140,830) 	
Fund balance - beginning			214,511 	
Fund balance - ending		 $	73,681 	

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. The general fund budget for the fiscal year ended September 30, 2022 was amended to increase revenues by $441 and increase appropriations by $193,380.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) UNAUDITED

Element	Comments
Number of district employees compensated at 9/30/2022	0	
Number of independent contractors compensated in September 2022	7	
Employee compensation for FYE 9/30/2022 (paid/accrued)	$	-	
Independent contractor compensation for FYE 9/30/2022	$	904,173	
Construction projects to begin on or after October 1; (>$65K)	Not applicable	
Budget variance report	See page 22 of annual financial report	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate FYE 9/30/2022	Operations and maintenance - $627
Debt service - $960	
Special assessments collected FYE 9/30/2022	$	3,568,280	
Outstanding Bonds:		
Series 2018A, due May 1, 2049,	see Note 6 for details	
Series 2020A, due May 1, 2051,	see Note 6 for details	

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
Windward Community Development District Osceola County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Windward Community Development District, Osceola County, Florida (“District”) as of and for the fiscal year ended September 30, 2022, 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 26, 2023.
Report on 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 or significant deficiencies may exist that were not identified.
Report on 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 26, 2023

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
Windward Community Development District Osceola County, Florida

We have examined Windward Community Development District, Osceola 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, 2022. 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.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2022.

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 Windward Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 26, 2023

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

To the Board of Supervisors
Windward Community Development District Osceola County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Windward Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2022, and have issued our report thereon dated June 26, 2023.

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 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 26, 2023, 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 Windward Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties

We wish to thank Windward Community Development District, Osceola 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 26, 2023

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, 2021.

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, 2022.

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, 2022.

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, 2022. 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.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 24.

Section V

Section B

Section 1

Windward Community Development District
YEAR 2023 ENGINEER’S REPORT

Prepared For
Windward Community Development District

Date
June 22, 2023

2602 East Livingston Street | Orlando, Florida 32803 | Tel: 407.487.2594 | www.poulosandbennett.com FBPE Certificate of Authorization No. 28567

Table of Contents

NARRATIVE AND PHOTOGRAPHS

Section 1	Location & General Description

Section 2	Infrastructure Ownership and Maintenance

Section 3	District’s Operation and Maintenance Budget

Section 4	Districts Capital Improvement Plan

Section 5	District’s Public Liability and Property Damage Insurance Section 6	Infrastructure Condition Assessment
Section 7	District Engineers Letter Report

APPENDICES

Exhibit 1	District Map

Exhibit 2	Deficiency List

Exhibit 3	Infrastructure Deficiency Map

Location and General Description

The Four Seasons at Orlando property (the “Development”) is part of the Mystic Dunes PD located within Section 15, Township 25 South, Range 27 East, Osceola County, Florida. The developer of the development is K. Hovnanian at Mystic Dunes, LLC (the “Developer”). The overall Mystic Dunes PD includes approximately 606 acres, which is subdivided into Parcels A, B, C, D, E, F, G, H, I, J, K, L, M, N, and O, together with Conservation Areas, an 18 hole golf course, roadways, Clubhouse, Recreation area, and Sales Center. The northern portion of the overall Mystic Dunes PD has been developed with Timeshare Resort units, and an 18 golf course has been constructed throughout the development. The Development is located east of SR 429, north of Sand Hill Road and west of Old Lake Wilson Road. (See Exhibits 1). Zoning for the Development was approved by Osceola County as revised on December 12, 2016.

The proposed Project is a multiphase development (Phase 1, Phase 2, Phase 3A through 3D and Phase 4A & 4B as well as offsite improvements) planned to include 554 single family homes. Please refer to the Windward CDD Master Site Plan Exhibit 1. Zoning for the Development was approved by Osceola County on December 12, 2016.

The Windward Community Development District (the "District") encompasses the Development and includes approximately 160.43 acres since the Expansion Area was approved (see Exhibit 1).

Infrastructure Ownership and Maintenance

The ownership and maintenance responsibility of the infrastructure within the development does not reside with a single entity but is distributed as shown in the table below.

Capital Improvements Plan	Ownership	Maintenance	
Master Stormwater Management System	District / Mystic
Dunes, LLC	District / Mystic
Dunes, LLC	
Roadways (Asphalt, Curb & Gutter,
Sidewalk)	District	District	
Potable Water Distribution System	TWA	TWA	
Sanitary Sewer System	TWA	TWA	
Reclaimed Water Distribution System	TWA	TWA	
Parks, Landscaping, Irrigation and Signage
within Right-of-Way	District	District	
Landscaping & Walls within Easements	HOA	HOA	
Street Lighting/Electrical	Duke
Energy/District	Duke Energy/District	
Amenity Center	HOA	HOA	
TABLE 2-1: OWNERSHIP & MAINTENANCE

District’s Operation and Maintenance Budget

We have reviewed the proposed operation and maintenance budget for Fiscal Year 2023 and find it sufficient for the proper maintenance of the current infrastructure improvements for which the District is responsible.

District’s Capital Improvement Plan

As previously indicated in our 2022 Engineers Report, we recommend that a Capital Reserves line item should be added for reserve funding of a future roadway resurfacing capital improvement. As was shown in Table 2-1, the CDD is responsible for the maintenance of the roadways. The table below shows the total quantity of roadway constructed to date. The expected service life of a residential roadway is approximately 18 years. Unit costs are taken from the recent contract costs for construction within the development. Annual contribution amounts do not take into account increases due to inflation.

Asset	Quantity	Unit Cost	Total Cost	Est. Service Life	Est. Service Life Remaining	Est. Annual Contribution	
Existing Roadway	36,721 SY	$10.50 / SY	$385,570.50	18 yrs	15 yrs	$25,704.70	
Phase 3B & 4A	20,465 SY	$10.0 / SY	$214,788.00	18 yrs	16 yrs	$13,424.25	
Phase 3C, 3D & 4B	16,716 SY	$10.50 / SY	$175,518.00	18 yrs	17 yrs	$10,324.59	
TOTAL	73,902 SY		$775,876.50			$49,453.54	
TABLE 4-1: ROADWAY RESURFACING CONTRIBUTION

District’s Public Liability and Property Damage Insurance

The District currently carries insurance for the District’s General Liability and Public Official’s Liability coverage as well as Property Insurance under policy Florida Insurance Alliance (FIA). The total annual premium of the policy is $9,764.00 and is appropriately funded per the adopted budget. Poulos & Bennett LLC has not reviewed the insurance policy, however since FIA specializes in providing insurance coverage to governmental agencies and is established in the industry, their policy should be adequate. We therefore believe the insurance will comply with the intent of Section 9.14 of the Master Trust Indenture and that the District has budgeted sufficient funds to cover the insurance premium.

Infrastructure Condition Assessment

Upon the recent completion of the infrastructure, the visible site infrastructure including pavement, curb, stormwater ponds, landscape & hardscape and site lighting was inspected and found to be in acceptable condition at the time of this writing. Many of the deficiencies identified on the previous report have been remedied. The existing infrastructure within the community is not without common deficiencies, however,

and these typical deficiencies are documented and described within this report, see the Deficiency List and Infrastructure Deficiency Map. These were found to be within an acceptable range and may be adequately addressed with routine repairs funded by the operation and maintenance budget. Photographic evidence of the improvements and conditions is included in Appendix 2. The table below describes the phasing of the community and those phases and infrastructure which have been constructed along with completion dates. The property officially becomes subdivided once the plat has been approved and recorded. Following the certification of substantial completion, the infrastructure is deemed to be reasonably complete and built in accordance with the construction plans.

Phase	Recorded Plat	Substantial Completion	
Phase 1	6/15/17	11/14/17	
Phase 2	4/22/19	9/18/19	
Phase 3A	2/6/19	2/21/19	
Phase 3B & 4A	12/11/20	Pending	
Phase 3C, 3D	9/6/22	Pending	
Phase 4B	3/25/22	Pending	
TABLE 6-1: PHASING & CONSTRUCTION

District Engineers Letter Report

June 22, 2023

Jason Showe District Manager
Governmental Management Services, Central Florida 219 E. Livingston St
Orlando, FL 32801

Subject:	Windward CDD Community Development District District Engineers Report
Poulos & Bennett Job No. 18-021

Dear Mr. Flint:

In accordance with Section 9.19 of the Master Trust Indenture for the Windward CDD Community Development District (CDD), we have completed our annual review of the portions of the project within this CDD as constructed to date. Based on our inspection and knowledge of the community, we find that the completed portions of the infrastructure are being properly maintained. We have included photographs of the constructed improvements as further evidence.

We have reviewed the proposed Operation and Maintenance budget for the Fiscal Year 2023 and believe that it is sufficient for the proper operation and maintenance of the Windward CDD but will require an adjustment for the collection of reserves to address future capital expenditures.

Please contact me should you have any questions or require any additional information.

Sincerely,

David M. Kelly, P.E., C.F.M. CDD Engineer
Poulos & Bennett, LLC c:	File Folder

EXHIBIT 1 – DISTRICT MAP

EXHIBIT 2 – DEFICIENCY LIST

DEFICIENCY LIST	
ID	Description	
A	Remove & replace 2 – 5’x5’ cracked sidewalk panels	
B	Remove & replace 2 – 5’x5’ cracked sidewalk panels	
C	Remove & replace 40 LF of cracked Type A curb (see picture)	
D	Remove & replace cracked sidewalk panel	
E	Remove & replace 2 – 5’x5’ cracked sidewalk panels (see picture)	
F	Remove & replace 12 LF of cracked gutter	
G	Remove & replace 6 LF of cracked gutter (see picture)	
H	Remove & replace 26 LF of cracked gutter	
I	Remove & replace 8 LF of cracked gutter	
J	Remove & replace 25 LF of cracked gutter (see picture)	
K	Resod 6’ wide x 50’ long section of grass adjacent to the inside edge of the sidewalk	
L	Remove & replace 2 cracked & displaced sidewalk panels	
M	Remove & replace 10 LF of spalled gutter	
N	Pavement cracking observed adjacent to the palm tree in this roadway section (see picture)	
O	Remove & replace cracked golf cart path driveway	
P	Remove & replace 8 LF cracked Type A curb	
Q	Remove & replace 10 LF of spalled gutter	
R	Remove & replace 8’x8’ cracked sidewalk panel (see picture)	
S	Remove & replace cracked Type F curb & handicap ramp	
T	Remove & replace 4 LF of cracked gutter	
U	Remove & replace 4 LF of cracked gutter	
V	Remove & replace 6 LF of cracked gutter (see picture)	
W	Reset sidewalk and/or adjacent utilities to be flush & to mitigate the dropoff (see picture)	
X	Remove & replace 2 – 5’x5’ cracked sidewalk panels	
Y	Remove & replace 8 LF of cracked Type A curb	
Z	Remove & replace 8 LF of cracked Type A curb	
AA	Pavement cracking observed adjacent to palms trees in this roadway section (see picture)	
BB	Repair erosion around the control structure. Replace & repour concrete pad (see picture)	

DEFICIENCY #1
(Map ID: Def-C)

Remove & replace 40 LF of cracked Type A curb		
DEFICIENCY #2
(Map ID: Def-E)

Remove & replace 2 – 5’x5’ cracked sidewalk panels	
	
DEFICIENCY #3
(Map ID: Def-G)

Remove & replace 6 LF of cracked gutter	

DEFICIENCY #4
(Map ID: Def-J)

Remove & replace 25 LF of cracked gutter		
DEFICIENCY #5
(Map ID: Def-N)

Pavement cracking observed adjacent to the palm tree in this roadway section		
DEFICIENCY #6
(Map ID: Def-R)

Remove & replace 8’x8’ cracked sidewalk panel		

DEFICIENCY #7
(Map ID: Def-V)

Remove & replace 6 LF of cracked gutter		
DEFICIENCY #8
(Map ID: Def-W)

Reset sidewalk and/or adjacent utilities to be flush & to mitigate the dropoff		
DEFICIENCY #9 (Map ID: Def-AA)
Pavement cracking observed adjacent to palms trees in this roadway section		

DEFICIENCY #10 (Map ID: Def-BB)
Repair erosion around the control structure. Replace & repour concrete pad.		

Andy Hatton
Gms

WINDWARD SIDEWALK REVIEW

Four Seasons Orlando Wednesday, January 11, 2023
119 Issues Identified

EMPTY

HIGH
Assigned To 2045 Flora Pas Grind

HIGH
Assigned To 2045 Flora Pass Grind

HIGH
Assigned To 2051 Flora Pass Grind

PANEL LOW
Assigned To 2051 Flora Pass Raise panel
Possible undermining from erosion due to drainage

HIGH
Assigned To 2069 Flora Pass Grind

HIGH
Assigned To 2075 Flora Pass Grind

HIGH
Assigned To 2081 Flora Pass Grind

HIGH
Assigned To 2087 Flora Pass Grind

HIGH
Assigned To 2087 Flora Pass Grind

HIGH
Assigned To 2087 Flora Pass At Corner Stop Sign Grind

BROKEN
Assigned To 2098 Flora Pass At Corner 1/2 pour

HIGH
Assigned To 2092 Flora Pass Grind excess blob of concrete

HIGH
Assigned To 2056 Flora Pass Grind

HIGH
Assigned To 2056 Flora Pass Grind

HIGH
Assigned To 2028 Flora Pass Grind

HIGH
Assigned To 2016 Flora Pass Grind

HIGH
Assigned To 1998 Flora Pass Grind

HIGH
Assigned To 1986 Flora Pass Grind

HIGH
Assigned To 1956 Flora Pass Grind

HIGH
Assigned To 1926 Flora Pass Grind

HIGH
Assigned To 1735 Flora Pass Grind

HIGH
Assigned To 1801 Flora Pass Grind

HIGH
Assigned To 1885 Flora Pass Grind

HIGH
Assigned To 2033 Flora Pass Grind

HIGH
Assigned To Across Street From 1995 Estuary Grind
At stop sign and common area

HIGH
Assigned To 7975 Sabal Loop Grind

HIGH
Assigned To 7975 Estuary Grind

HIGH
Assigned To 1840 Estuary Grind

HIGH
Assigned To 1780 Estuary Grind

HIGH
Assigned To 1765 Estuary Grind

BROKEN
Assigned To 1835 Estuary Full pour

CORNER BROKEN
Assigned To 1835 Estuary 1/2 pour

HIGH
Assigned To 1845 Estuary Grind

HIGH
Assigned To 1915 Estuary Grind

HIGH
Assigned To 1935 Estuary Grind

HIGH
Assigned To 1995 Estuary At Corner Grind

HIGH
Assigned To Coral Shores Grind

BROKEN CORNER
Assigned To Antilles Club At Empty Lot Near Models 1/2 pour

BROKEN CORNER
Assigned To Antilles Club At Empty Lot Near Models 1/2 pour

BROKEN CORNER
Assigned To Antilles Club At Empty Lot Near Models 1/2 pour

BROKEN
Assigned To 2104 Antilles Club Full pour

BROKEN CORNER
Assigned To 2104 Antilles Club 1/2 pour

BROKEN CORNER
Assigned To 2104 Antilles Club 1/2 pour

HIGH
Assigned To Antilles Club End Of Cul De Sac At Models Grind

HIGH
Assigned To 2105 Antilles Club Grind

HIGH
Assigned To Sidewalk At Sales Center Near Golf Course Tee Grind

HIGH
Assigned To Sidewalk At Sales Center Wher Meets Cart Path Grind

HIGH
Assigned To Sidewalk At Sales Center Where Meets Cart Path Near Tee Box
Grind

HIGH
Assigned To Sidewalk From Sales Center Near Tee Box Grind

HIGH
Assigned To Sidewalk At Sales Center Near Tee Box Grind

BROKEN
Assigned To Across Street From 2136 Antilles Club Full pour

BROKEN CORNER
Assigned To Across Street From 2136 Antilles Club 1/2 pour

HIGH
Assigned To Across From 2144 Antilles Grind

HIGH
Assigned To Across From 2156 Antilles Grind

HIGH
Assigned To Across From 2164 Antilles Grind

HIGH
Assigned To 2185 Antilles Grind

HIGH
Assigned To 2193 Antilles Grind

HIGH
Assigned To 2201 Antilles Grind

HIGH
Assigned To 2225 Antilles Grind

HIGH
Assigned To 2225 Antilles Grind

HEAVED TREE
Assigned To 2223 Antilles Grind

HIGH
Assigned To 2249 Antilles Grind

HIGH
Assigned To Park At 2265 Antilles Grind

HIGH
Assigned To Park At 2265 Antilles Grind

HIGH
Assigned To 2232 Antilles Grind

HIGH
Assigned To 2220 Antilles Grind

HIGH
Assigned To 2208 Antilles Grind

HIGH
Assigned To 2184 Antilles Grind

HIGH
Assigned To 2164 Antilles Grind

HIGH
Assigned To 2152 Antilles Grind

HIGH
Assigned To Hanson Bay Cul De Sac Near 7981 Hanson Bay Grind

HIGH
Assigned To 7932 Hanson Bay Grind

HIGH
Assigned To 7924 Hanson Bay Grind

HIGH
Assigned To 7900 Hanson Bay Grind

HIGH
Assigned To 7905 Hanson Bay Grind

HIGH
Assigned To 7937 Hanson Bay Grind

HIGH
Assigned To 7937 Hanson Bay Grind

HIGG
Assigned To 7961 Hanson Bay Grind

HIGH
Assigned To Sandy Creek Trl At Mystic Dunes Gate Entry Side Heading South
Grind

BROKEN CORNERS
Assigned To Sandy Creek Trl S. Near Model Before Roundabout Full pour

HIGH
Assigned To Sandy Creek Trl North At Wall Grind

BROKEN CORNER
Assigned To Four Seasons Blvd Westbound Behind Guardhouse 1/2 pour

BROKEN CORNERS
Assigned To Four Seasons At Estuary Full pour

HIGH
Assigned To Four Seasons West Of Coral Shore Grind

HIGH
Assigned To Four Seasons West Of Coral Shore Grind

HIGH
Assigned To Four Seasons West Of Coral Shore Grind

HIGH
Assigned To Four Seasons East Before Roundabout 6 Grind

HIGH
Assigned To Four Seasons East Before Roundabout 6 Grind

HIGH
Assigned To Four Seasons East Before Roundabout 6 Grind

HIGH
Assigned To Four Sessons East Before Roundabout At Entry 7 Grind

BROKEN CORNER
Assigned To Four Seasons At Roundabout 7 Full pour

BROKEN AT SEAM
Assigned To Four Seasons At Roundabout 1/2 pour

BROKEN CORNER
Assigned To Four Seasons At Roundabout 7 1/2 pour

4 BROKEN CORNERS
Assigned To Four Seasons At Sandy Creek Median Crossover
??????

HIGH
Assigned To Four Seasons East At Cart Crossover Grind

HIGH
Assigned To 7813 Four Seasons 2 grinds

HIGH
Assigned To Four Seasons West Before Roundabout Grind

HIGH
Assigned To 7782 Four Seasons Grind

HIGH
Assigned To Four Seasons East At Whitewood Grind

HIGH
Assigned To Pebble Passage At Lift Station Grind

HIGH
Assigned To 1558 Whitewood Grind

HIGH
Assigned To 1566 Whitewood Grind

HIGH
Assigned To 7653 Sand Pierre Grind

BROKEN EDGE
Assigned To 1606 Key Bay Trl At Common Full pour

BROKEN EDGE
Assigned To 1606 Key Bay Trl At Common 1/2 pour

8010
8012
8014
8016
8018
8020
8022
8024
8026
8028
8030

8032 8034 8036  0

7700 7696 7680	0

0 7748
7648	7649

7641 7744

7633 7637

7628	7629

7724

7620 7621 7720

7613 7712
7605
7601

0

0

0

L

0

N	BB

0

7640
7632

7624

7617

7612
7604
7600

0
0

7503

7850

0

0

K	O

0

J

8200

2256

I

2257

M

P
C	Q	7835

7802

R

2224

0

0

0

2225

Sand Hill Rd

2212
2208
2204

0

0

0

2209

2200	2201

2205	D	S

0

2196	2197	0

State Hwy 429

2192	2193

H

2188	2189
2184	2185

2153	0

0

0

2180	0

2156

2152

G	B

Davenport Creek

F

0

¬«429

0

7980

X	1820

1840

7975
7965

7955

1945
1935
1925
1915
1905
1895
1885
1875

A

Y

1995
1985

E

0

1583

0

1581

AA	Z

1572

1575
1573
1571
1569
1567
1565

1570
1568
1566
1564

1549
1547
1545

1555

1536

7813
7811
7809
7807
7805
7803

7801

1525

7814

7812
7810
7808
7806
7804
7802

7801 7800

1523

1550

1548
1546
1544
1540

1532
1530
1528
1526

1535
1533
1531
1529
1527

7800

VU545

0

0

0

0

0

0

Swamp

1830	0
1938
1810	1932
1800	1926

0 1939
1933
1927

1611	1610

1521

7817
7815
7813
7811
7809
7807
7805
7803

1519

1524
1522

1525
1523

0

1790
1780

1728
1734
1740
1746

1770
1760
1750

1920
1914
1775	1908
1765	1902
1755	1896

1921
1915
1909
1903
1897

1613
1615
1617

1612
1614
1616

7834

7830

y Oak Ln

1517

7814
7812
7810
7808
7806
7804
7802
7800

1515
1513

1520

1516
1514

1521

1519

0

1517

7828
7826
7824

W

1740
1730

1745
1735

1890

1729
1735
1741
1747
1753
1759
1765
1771
1777
1783
1789
1795
1801
1807
1813
1819
1825
1831
1837
1843
1849
1855

0

1884

V	U

1891
1885

1637
1639
1641
1643
1645
1647
1649
1651
1653
1655
1657

T

1619
1621
1623
1625
1627
1629

1633

1631

1635

7832

7822
7820
7818

1618

7835
7833
7831
7829
7827
7825
7823
7821
7819

1620

7834
7832
7830
7828
7826
7824
7822
7820
7818

1626
1628

1632

7850

1656

0 7748
7746
7744
7742
7740
7738
7736
7734
7732
7730
7728
7726
7724

1642	1644	1646	1648	1650	1652	1654	

7800

1511

7815
7813
7811
7809
7807
7805
7803
7801

1509
1507
1505

7749

7745

7743

1503

1512
1510
1508
1506
1504

1515
1513
1511
1509
1507
1505
1503
1501

1508

1506
1504
1502
1500

0

1507
1505
1503	7723	
1501		

1542

7702
0

1663

0

0

1558

1562

0

0

0

0

0

0
7775
0

7773

7743

7741

7739

7737

7735

7733

7731

Source: Esri, DigitalGlobe, Geo7E70y1e, Ea1r1t8h5 star Geograp0hics, CNES/Airb0 us DS, USDA, US0GS, AeroGRID, IGN, and the GIS Us95e1r Community

7729

7727

7725

7723

7721

7719

7717

7715

7713

7711

7709

7707

7705

7703

1175

A

7771

7769

7767

7765

7763

7761

7759

7757

7755

7753

7751

7749

7747

7745

¯

EXHIBIT 3 - INFRASTRUCTURE MAP
WINDWARD COMMUNITY DEVELOPMENT DISTRICT

June 20, 2023
P & B Job No.: 18-021

2602 E. Livingston Street Orlando, FL 32803 Ph. 407-487-2594

www.poulosandbennett.com Certificate of Authorization No. 28567

0	125

250	500	750	1,000
FEET

Document Path: Z:\2018\18-021 Windward CDD\GIS\Maps\FSO Map 01.mxd

Section C

Section 1

Windward  Community Development District

Summary of Check Register

April 1, 2023 through July 5, 2023

Fund	Date	Check No.'s	Amount

General Fund		
	4/13/23	630-633	$	14,995.60	
	4/18/23	634-642	$	69,636.77	
	4/25/23	643-646	$	5,697.13	
	4/26/23	647-649	$	23,448.79	
	5/3/23	650	$	4,286.27	
	5/10/23	651-659	$	89,006.17	
	5/17/23	659-663	$	3,384.65	
	5/24/23	664-668	$	9,598.99	
	6/1/23	669-670	$	9,145.46	
	6/7/23	671-675	$	115,699.84	
	6/14/23	676-677	$	2,183.53	
	6/28/23	678	$	1,755.05	

Total Amount	$	348,838.25

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	1
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/13/23 00010	3/29/23 9100 861 202303 320-53800-43500	*	4,262.68
000 SHADOW TREE LN
4/05/23 9100 861 202303 320-53800-43000	*	30.79
17031 KEY BAY TRL
4/06/23 9100 861 202303 320-53800-43000	*	30.79
7701 FOUR SEASONS BLVD
4/06/23 9100 861 202303 320-53800-43500	*	1,541.39
0000 FOUR SEASONS BLVD
4/06/23 9100 861 202303 320-53800-43000	*	829.80
79811 FOUR SEASONS BLVD
DUKE ENERGY	6,695.45 000630
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/23 00018	4/10/23 16	202304 310-51300-31300	*	500.00
AMORT SERIES 2020A-2 5-1
DISCLOSURE SERVICES LLC	500.00 000631
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/23 00001	2/28/23 185	202302 320-53800-47000	*	232.50
GEN MTHLY MAINTENANCE
4/01/23 186	202304 310-51300-34000	*	3,249.00
MANAGEMENT FEES - APR 23
4/01/23 186	202304 310-51300-35200	*	83.33

	4/01/23	
	4/01/23	
	4/01/23	
	4/01/23	
	4/01/23	
	4/01/23	

WEBSITE MANAGEMENT-APR 23
186	202304 310-51300-35100	*	145.83
INFORMATION TECH - APR 23
186	202304 310-51300-31300	*	745.83
DISSEMINATION SVCS-APR 23
186	202304 310-51300-51000	*	.33

202304 310-51300-42000	*	187.46	
202304 310-51300-42500	*	2.55	
202304 320-53800-12000	*	1,392.42	

OFFICE SUPPLIES 186
POSTAGE 186
COPIES 187
FIELD MANAGEMENT - APR 23
GOVERNMENTAL MANAGEMENT SERVICES	6,039.25 000632
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/23 00011	3/31/23 18-021(6 202302 310-51300-31100	*	1,760.90
ENGINEERING FEE-FEB 23
POULOS & BENNETT	1,760.90 000633
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00030	4/10/23 10231522 202304 320-53800-34100	*	860.00
RPLCD A/C BLOWER MOTOR
ABOVE & BEYOND A/C & HEAT	860.00 000634
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00041	3/31/23 15831	202303 320-53800-47100	*	350.00
LAKE MAINTENANCE MAR23
AQUATIC WEED MANAGEMENT, INC	350.00 000635
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
WWRD --WINDWARD--	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	2
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/18/23 00014	4/07/23 11832	202304 320-53800-47000	*	120.00
WI-PAK MONTHLY SVC-APR 23
4/10/23 S90729	202303 320-53800-57400	*	696.26
GATE MAINTENANCE 03/28/23
ACCESS CONTROL TECHNOLOGIES, INC.	816.26 000636

4/18/23 00010	4/11/23	
	4/11/23	
	4/11/23	
	4/11/23	
	4/11/23	
	4/11/23	
	4/13/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9100 861 202303 320-53800-43000	*	172.34
7980 FOUR SEASONS BLVD
9100 861 202303 320-53800-43000	*	59.54
21051 PEBBLE PASSAGE LN
9100 861 202303 320-53800-43000	*	30.79
24081 SANDY CREEK TRL
9100 861 202303 320-53800-43000	*	63.35
77001 FOUR SEASONS BLVD
9100 861 202303 320-53800-43000	*	30.79
79011 HANSON BAY PL
9100 861 202303 320-53800-43000	*	51.63
78151 FOUR SEASONS BLVD
9100 861 202303 320-53800-43500	*	1,727.96
4 SEASONS PH1B SL
DUKE ENERGY	2,136.40 000637
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00042	3/30/23 206092	202303 320-53800-46700	*	11,868.00
STUMP GRINDING/PALM RMVL
4/03/23 206849	202304 320-53800-46800	*	12,236.00
LANDSCAPE MAINT - APR 23
JUNIPER LANDSCAPING OF FLORIDA, LLC	24,104.00 000638
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00049	3/30/23 52494473 202303 320-53800-57400	*	50.00
PEST CONTROL - MAR 23
MASSEY SERVICES INC	50.00 000639
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00016	3/13/23 2018680	202303 310-51300-49100	*	251.57
2022 TAX ROLL YEAR
OSCEOLA COUNTY PROPERTY APPRAISER	251.57 000640
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00045	3/31/23 7688	202303 320-53800-46900	*	1,000.00
CLEAN BASIN FOUNTAIN 3/23
SITEX AQUATICS LLC	1,000.00 000641
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00052	4/10/23 1086	202303 320-53800-47100	*	1,200.00
DISC POND MAINT - MAR 23
TOOLE'S TRACTOR SERVICES & H2O	1,200.00 000642
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/18/23 00009	3/25/23 00262245 202303 320-53800-43100	*	21,335.72
7700 FOUR SEASONS
WWRD --WINDWARD--	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	3
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
	3/30/23	00262245 202303 320-53800-43100	*	14.38			
	7900 FOUR SEASONS			
3/30/23	00262245 202303 320-53800-43100	*	17,432.41	
	0 FOUR SEASONS BOULEVARD			
3/30/23	00262245 202303 320-53800-43100	*	25.45	
	7980 FOUR SEASONS BLVD GH			
3/30/23	00262245 202303 320-53800-43100	*	60.58	
	7900 FOUR SEASONS ODD			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

TOHO WATER AUTHORITY	38,868.54 000643
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/25/23 00010	4/19/23 9100 861 202304 320-53800-43500	*	1,755.02
000 SAND HILL RD
DUKE ENERGY	1,755.02 000644
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/25/23 00051	1/15/23 INV-0011 202301 320-53800-47000	*	3,297.00 FENCE REPAIR - JAN 23
HILLCREST FENCE LLC	3,297.00 000645
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/25/23 00004	3/31/23 07039336 202303 310-51300-48000	*	234.43
NOT OF RULE DEVELOPMENT
3/31/23 07039336 202303 310-51300-48000	*	410.68
NOT OF RULEMAKING
ORLANDO SENTINEL	645.11 000646
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/23 00042	4/14/23 209210	202304 320-53800-46400	*	1,113.91
IRRIGATION REPAIRS-04/14
JUNIPER LANDSCAPING OF FLORIDA, LLC	1,113.91 000647
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/23 00049	2/28/23 52153125 202302 320-53800-57400	*	50.00
PEST CONTROL - FEB 23
MASSEY SERVICES INC	50.00 000648
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/23 00025	4/26/23 04262023 202304 300-20700-10000	*	13,282.38
ASSESS TRANSFER - S2018
4/26/23 04262023 202304 300-20700-10000	*	9,002.50
ASSESS TRANSFER - S2020
WINDWARD CDD/US BANK	22,284.88 000649
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/03/23 00010	4/27/23 9100 861 202304 320-53800-43500	*	4,286.27
000 SHADOW TREE LN
DUKE ENERGY	4,286.27 000650
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00041	4/28/23 15918	202304 320-53800-47100	*	375.00
LAKE MAINTENANCE APR23
AQUATIC WEED MANAGEMENT, INC	375.00 000651
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
WWRD --WINDWARD--	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	4
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/10/23 00014	4/28/23 S91555	202304 320-53800-57400	*	50.00
GATE MAINTENANCE 04/20/23
ACCESS CONTROL TECHNOLOGIES, INC.	50.00 000652

5/10/23 00010	5/04/23	
	5/05/23	
	5/05/23	
	5/05/23	
	5/09/23	
	5/09/23	
	5/09/23	
	5/09/23	
	5/09/23	
	5/09/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9100 861 202304 320-53800-43000	*	30.79
17031 KEY BAY TRL
9100 861 202304 320-53800-43000	*	30.79
7701 FOUR SEASONS BLVD
9100 861 202304 320-53800-43500	*	1,541.39
0000 FOUR SEASONS BLVD
9100 861 202304 320-53800-43000	*	351.96
79811 FOUR SEASONS BLVD
9100 861 202304 320-53800-43000	*	161.25
7980 FOUR SEASONS BLVD
9100 861 202304 320-53800-43000	*	56.08
21051 PEBBLE PASSAGE LN
9100 861 202304 320-53800-43000	*	30.79
24081 SANDY CREEK TRL
9100 861 202304 320-53800-43000	*	62.03
77001 FOUR SEASONS BLVD
9100 861 202304 320-53800-43000	*	30.79
79011 HANSON BAY PL
9100 861 202304 320-53800-43000	*	49.65
78151 FOUR SEASONS BLVD
DUKE ENERGY	2,345.52 000653

5/10/23 00001	5/01/23	
	5/01/23	
	5/01/23	
	5/01/23	
	5/01/23	
	5/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
188	202305 310-51300-34000	*	3,249.00
MANAGEMENT FEES - MAY 23
188	202305 310-51300-35200	*	83.33
WEBSITE MANAGEMENT-MAY 23
188	202305 310-51300-35100	*	145.83
INFORMATION TECH - MAY 23
188	202305 310-51300-31300	*	745.83
DISSEMINATION SVCS-MAY 23
188	202305 310-51300-51000	*	.42
OFFICE SUPPLIES
188	202305 310-51300-42000	*	44.69
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	4,269.10 000654
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00042	5/01/23 211056	202305 320-53800-46800	*	12,236.00
LANDSCAPE MAINT - MAY 23
JUNIPER LANDSCAPING OF FLORIDA, LLC	12,236.00 000655
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00002	4/05/23 111334	202303 310-51300-31500	*	1,651.06
GENERAL COUNSEL - MAR23
LATHAM,LUNA,EDEN & BEAUDINE,LLP	1,651.06 000656

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	5
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/10/23 00011	4/28/23 18-021(6 202303 310-51300-31100	*	2,117.25
ENGINEERING FEE-MAR 23
POULOS & BENNETT	2,117.25 000657
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00045	2/28/23 7390B	202302 320-53800-46900	*	1,895.00 FOUNTAIN MAINT. REPLCMNT
4/30/23 7405	202304 320-53800-46900	*	800.00
CLEAN BASIN FOUNTAIN 4/23
SITEX AQUATICS LLC	2,695.00 000658
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00009	4/23/23 00262245 202304 320-53800-43100	*	27,884.72
7700 FOUR SEASONS
4/30/23 00262245 202304 320-53800-43100	*	20.68
7900 FOUR SEASONS
4/30/23 00262245 202304 320-53800-43100	*	35,309.41
0 FOUR SEASONS BOULEVARD
4/30/23 00262245 202304 320-53800-43100	*	25.45
7980 FOUR SEASONS BLVD GH
4/30/23 00262245 202304 320-53800-43100	*	26.98
7900 FOUR SEASONS ODD
TOHO WATER AUTHORITY	63,267.24 000659
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00014	5/03/23 12013	202305 320-53800-47000	*	120.00
WI-PAK MONTHLY SVC-MAY 23
ACCESS CONTROL TECHNOLOGIES, INC.	120.00 000660
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00027	4/05/23 2163-750 202304 320-53800-47400	*	1,317.15
SIGN IN ALUMINUM
FASTSIGNS	1,317.15 000661
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00001	3/31/23 190	202303 320-53800-47000	*	232.50
GEN MTHLY MAINTENANCE
GOVERNMENTAL MANAGEMENT SERVICES	232.50 000662
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00002	5/03/23 113477	202304 310-51300-31500	*	1,715.00
GENERAL COUNSEL - APR23
LATHAM,LUNA,EDEN & BEAUDINE,LLP	1,715.00 000663
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/23 00014	5/04/23 S91972	202304 320-53800-57400	*	855.00
BI-ANNUAL SRVC INSPECTION
ACCESS CONTROL TECHNOLOGIES, INC.	855.00 000664
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/23 00010	5/11/23 9100 861 202304 320-53800-43500	*	1,727.96
4 SEASONS PH1B SL
5/18/23 9100 861 202305 320-53800-43500	*	1,755.02
000 SAND HILL RD
DUKE ENERGY	3,482.98 000665

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	6
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/24/23 00001	5/01/23 189	202305 320-53800-12000	*	1,392.42
FIELD MANAGEMENT - MAY 23
5/01/23 189	202305 320-53800-47400	*	110.20
ACE - CONES FOR SIDEWALK
GOVERNMENTAL MANAGEMENT SERVICES	1,502.62 000666
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/23 00042	5/17/23 213707	202305 320-53800-46400	*	3,708.39
IRRIGATION REPAIRS-05/16
JUNIPER LANDSCAPING OF FLORIDA, LLC	3,708.39 000667
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/23 00049	4/30/23 52859364 202304 320-53800-57400	*	50.00
PEST CONTROL - APR 23
MASSEY SERVICES INC	50.00 000668
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/01/23 00014	5/22/23 S92783	202305 320-53800-57400	*	246.46
GATE REPAIR 05/15/23
5/23/23 S92619	202305 320-53800-57400	*	246.46
GATE REPAIR 05/04/23
5/24/23 S91523	202304 320-53800-57400	*	747.53
GATE MAINTENANCE 04/27/23
ACCESS CONTROL TECHNOLOGIES, INC.	1,240.45 000669
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/01/23 00042	5/23/23 214259	202305 320-53800-46400	*	7,905.01
IRRIGATION REPAIRS
JUNIPER LANDSCAPING OF FLORIDA, LLC	7,905.01 000670

6/07/23 00010	5/26/23	
	6/06/23	
	6/07/23	
	6/07/23	
	6/07/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9100 861 202305 320-53800-43500	*	4,286.27
000 SHADOW TREE LN
9100 861 202305 320-53800-43000	*	30.79
17031 KEY BAY TRL
9100 861 202305 320-53800-43000	*	657.77
79811 FOUR SEASONS BLVD
9100 861 202305 320-53800-43000	*	31.64
7701 FOUR SEASONS BLVD
9100 861 202305 320-53800-43500	*	1,541.42
0000 FOUR SEASONS BLVD
DUKE ENERGY	6,547.89 000671
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/07/23 00020	6/02/23 24334	202306 310-51300-32200	*	5,000.00
AUDIT FYE 09/30/2022
GRAU & ASSOCIATES	5,000.00 000672
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/07/23 00011	2/28/23 18-021(6 202301 310-51300-31100	*	2,731.25
ENGINEERING FEE JAN 23
5/30/23 18-021(6 202304 310-51300-31100	*	745.00
ENGINEERING FEE APR 23
POULOS & BENNETT	3,476.25 000673

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/23	PAGE	7
*** CHECK DATES 04/01/2023 - 07/05/2023 ***	WINDWARD CDD - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/07/23 00009	5/23/23 00262245 202305 320-53800-43100	*	41,183.32
7700 FOUR SEASONS
5/29/23 00262245 202305 320-53800-43100	*	14.38
7900 FOUR SEASONS
5/29/23 00262245 202305 320-53800-43100	*	22.78
7900 FOUR SEASON BLVD ODD
5/29/23 00262245 202305 320-53800-43100	*	36,872.91
0 FOUR SEASONS BLVD
TOHO WATER AUTHORITY	78,093.39 000674
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/07/23 00025	6/01/23 06072023 202306 300-20700-10000	*	22,560.00
TRSFR OF TAX RCPTS 2020A1
6/01/23 06072023 202306 300-20700-10000	*	13.30
ASSESSMENT TRANSFER S2018
6/01/23 06072023 202306 300-20700-10000	*	9.01
ASSESSMENT TRANSFER S2020
WINDWARD CDD/US BANK	22,582.31 000675

6/14/23 00010	6/09/23	
	6/09/23	
	6/09/23	
	6/09/23	
	6/09/23	
	6/09/23	
	6/13/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9100 861 202305 320-53800-43000	*	30.79
24081 SANDY CREEK TRL
9100 861 202305 320-53800-43000	*	191.98
7980 FOUR SEASONS BLVD
9100 861 202305 320-53800-43000	*	65.83
77001 FOUR SEASONS BLVD
9100 861 202305 320-53800-43000	*	51.81
78151 FOUR SEASONS BLVD
9100 861 202305 320-53800-43000	*	58.89
21051 PEBBLE PASSAGE LN
9100 861 202305 320-53800-43000	*	30.79
79011 HANSON BAY PL
9100 861 202305 320-53800-43500	*	1,727.99
4 SEASONS PH1B SL
DUKE ENERGY	2,158.08 000676
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/23 00009	5/29/23 00262245 202305 320-53800-43100	*	25.45
7980 FOUR SEASONS BLVD GH
TOHO WATER AUTHORITY	25.45 000677
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/28/23 00010	6/20/23 9100 861 202306 320-53800-43500	*	1,755.05
000 SAND HILL RD
DUKE ENERGY	1,755.05 000678
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	348,838.25
TOTAL FOR REGISTER	348,838.25 WWRD --WINDWARD--	ZYAN

Section 2

Windward
Community Development District

Unaudited Financial Reporting
May 31, 2023

TABLE OF CONTENTS

1		Balance Sheet	

2-3	
	General Fund Income Statement	

4	
	Series 2018 - A1 Debt Service Income Statement	

5	
	Series 2018 - A2 Debt Service Income Statement	

6	
	Series 2020 - A1 Debt Service Income Statement	

7	
	Series 2020 - A2 Debt Service Income Statement	

8	
	Series 2018 Capital Projects Income Statement	

9	
	Series 2020 Capital Projects Income Statement	

10-11	
	Month To Month	

12-13	
	Long Term Debt Summary	

14	
	Assessment Receipt Schedule	

Windward
Community Development District Combined Balance Sheet
May 31, 2023

	General	Debt Service	Capital Projects Fund		Fund		Fund	Totals Governmental Funds	
Assets:
Cash	

$	297,860	$	-	$	-	

$	297,860	
Due from Other	$	28,873	$	-	$	-	$	28,873	
Due from General Fund	$	-	$	24,520	$	-	$	24,520	
Investments
Series 2018 A-1/A-2 Reserve A-1	

$	-	$	121,730	$	-	

$	121,730	
Reserve A-2	$	-	$	145	$	-	$	145	
Revenue	$	-	$	116,154	$	-	$	116,154	
Construction
Series 2020 A-1/A-2	$	-	$	-	$	5,356	$	5,356	
Reserve A-1	$	-	$	127,656	$	-	$	127,656	
Reserve A-2	$	-	$	97,017	$	-	$	97,017	
Revenue	$	-	$	151,494	$	-	$	151,494	
Prepayment A-2	$	-	$	300,122	$	-	$	300,122	
Construction	$	-	$	-	$	8,135,216	$	8,135,216	
Cost of Issuance	$	-	$	-	$	31,076	$	31,076	
Total Assets	$	326,733	$	938,839	$	8,171,649	$	9,437,221	
Liabilities:
Accounts Payable	

$	117,751	

$	

-	$	

-	$	117,751	
Due to Debt Service Fund	$	24,520	$	-	$	-	$	24,520	
Total Liabilities	$	142,272	$	-	$	-	$	142,272	
Fund Balances:
Restricted for:					
Debt Service	$	-	$	938,839	$	-	$	938,839	
Capital Projects	$	-	$	-	$	8,171,649	$	8,171,649	
Unassigned	$	184,461	$	-	$	-	$	184,461	
Total Fund Balances	$	184,461	$	938,839	$	8,171,649	$	9,294,949	
					
Total Liabilities & Fund Balance	$	326,733	$	938,839	$	8,171,649	$	9,437,221	

Revenues		
Assessments - Tax Roll	$	532,275	$	532,275	$	533,896	$	1,621	
Assessments - Direct	$	117,500	$	117,500	$	117,500	$	-	
Deficit Funding	$	424,269	$	109,064	$	109,064	$	-	
Total Revenues	$	1,074,044	$	758,839	$	760,460	$	1,621	

Expenditures:					
General & Administrative:					
Supervisors Fees	$	4,800	$	3,200	$	-	$	3,200	
FICA Expense	$	367	$	245	$	-	$	245	
Engineering	$	16,000	$	10,667	$	10,213	$	454	
Attorney	$	25,000	$	16,667	$	14,790	$	1,877	
Arbitrage	$	900	$	900	$	900	$	-	
Dissemination	$	8,950	$	5,967	$	7,567	$	(1,600)	
Annual Audit	$	6,400	$	-	$	-	$	-	
Trustee Fees	$	7,758	$	7,758	$	8,008	$	(250)	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Management Fees	$	38,988	$	25,992	$	25,992	$	0	
Information Technology	$	1,750	$	1,167	$	1,167	$	0	
Website Maintenance	$	1,000	$	667	$	667	$	0	
Telephone	$	250	$	167	$	-	$	167	
Postage	$	800	$	533	$	422	$	111	
Travel Per Diem	$	660	$	440	$	-	$	440	
Printing & Binding	$	500	$	333	$	29	$	304	
Insurance	$	6,684	$	6,684	$	5,988	$	696	
Legal Advertising	$	1,500	$	1,000	$	1,151	$	(151)	
Other Current Charges	$	2,000	$	1,333	$	344	$	990	
Office Supplies	$	150	$	100	$	3	$	97	
Property Appraiser	$	500	$	500	$	252	$	248	
Property Taxes	$	250	$	250	$	-	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	130,382	$	89,744	$	82,667	$	7,076	

Operation & Maintenance		
Field Expenditures		
Field Services	$	16,709	$	11,139	$	11,139	$	0	
Facility Maintenance	$	10,000	$	6,667	$	1,344	$	5,323	
Telephone	$	3,500	$	2,333	$	-	$	2,333	
Electric	$	144,538	$	96,359	$	83,900	$	12,459	
Water & Sewer	$	483,450	$	322,300	$	270,250	$	52,050	
Security Building Maintenance	$	10,000	$	6,667	$	5,016	$	1,651	
Landscape Maintenance	$	195,965	$	130,643	$	97,888	$	32,755	
Landscape Contingency	$	25,000	$	16,667	$	40,520	$	(23,854)	
Property Insurance	$	3,200	$	3,200	$	3,776	$	(576)	
Fountain Maintenance	$	4,200	$	2,800	$	9,305	$	(6,505)	
Lake Maintenance	$	9,000	$	6,000	$	4,400	$	1,600	
Irrigation Repairs	$	25,000	$	16,667	$	24,057	$	(7,390)	
Lighting Maintenance	$	2,500	$	1,667	$	-	$	1,667	
Monument Maintenance	$	1,400	$	933	$	-	$	933	
Roadway Maintenance	$	2,200	$	1,467	$	8,702	$	(7,235)	
Contingency	$	7,000	$	4,667	$	6,715	$	(2,048)	
Total Operations & Maintenance Expenditures	$	943,662	$	630,175	$	567,012	$	63,163	
					
Total Expenditures	$	1,074,044	$	719,919	$	649,679	$	70,239	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	110,781		
					
Fund Balance - Beginning	$	-		$	73,681		
					
Fund Balance - Ending	$	-		$	184,461		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 05/31/23	Thru 05/31/23	Variance	

Revenues					
Assessments - 2018 A1 Tax Roll	$	243,460	$	243,460	$	244,390	$	930	
Interest Income	$	250	$	167	$	4,119	$	3,952	
Total Revenues	$	243,710	$	243,627	$	248,509	$	4,882	

Expenditures:					
Series 2018A-1
Interest - 11/1	
$	93,733	
$	93,733	
$	93,733	
$	-	
Principal - 5/1	$	55,000	$	55,000	$	55,000	$	-	
Interest - 5/1	$	93,733	$	93,733	$	93,733	$	-	
Total Expenditures	$	242,465	$	242,465	$	242,465	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,245		$	6,044		
					
Fund Balance - Beginning	$	107,045		$	233,007		
					
Fund Balance - Ending	$	108,290		$	239,051		

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/23	Thru 05/31/23	Variance	

Revenues		
Assessments - 2018 A2 Direct	$	205	$	-	$	-	$	-	
Interest Income	$	-	$	-	$	5	$	5	
Total Revenues	$	205	$	-	$	5	$	5	

Expenditures:					
Series 2018A-2
Special Call - 11/1	

$	5,000	

$	5,000	

$	5,000	

$	-	
Interest - 11/1	$	145	$	145	$	145	$	-	
Total Expenditures	$	5,145	$	5,145	$	5,145	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(4,940)		$	(5,140)		
					
Fund Balance - Beginning	$	7,115		$	5,287		
					
Fund Balance - Ending	$	2,175		$	146		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 05/31/23	Thru 05/31/23	Variance	

Revenues					
Assessments - 2020 A1 Tax Roll	$	165,073	$	165,073	$	165,642	$	569	
Assessments - 2020 A1 Direct	$	90,240	$	90,240	$	90,240	$	-	
Interest Income	$	-	$	-	$	5,189	$	5,189	
Total Revenues	$	255,313	$	255,313	$	261,071	$	5,758	

Expenditures:					
Series 2020A-1
Interest - 11/1	
$	88,126	
$	88,126	
$	88,126	
$	-	
Principal - 5/1	$	80,000	$	80,000	$	80,000	$	-	
Interest - 5/1	$	88,126	$	88,126	$	88,126	$	-	
Total Expenditures	$	256,253	$	256,253	$	256,253	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(940)		$	4,819		
					
Fund Balance - Beginning	$	91,392		$	216,198		
					
Fund Balance - Ending	$	90,452		$	221,017		

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/23	Thru 05/31/23	Variance	

Revenues		
Assessments - 2020 A2 Direct	$	260,040	$	130,020	$	130,020	$	-	
Assessments - Prepayments	$	-	$	-	$	1,718,254	$	1,718,254	
Interest Income	$	-	$	-	$	9,592	$	9,592	
Total Revenues	$	260,040	$	130,020	$	1,857,866	$	1,727,846	

Expenditures:					
Series 2020A-2
Interest - 11/1	
$	130,020	
$	130,020	
$	130,020	
$	-	
Special Call - 11/1	$	-	$	-	$	485,000	$	(485,000)	
Interest - 2/1	$	-	$	-	$	11,495	$	(11,495)	
Special Call - 2/1	$	-	$	-	$	1,045,000	$	(1,045,000)	
Interest - 5/1	$	130,020	$	96,360	$	96,360	$	-	
Special Call - 5/1	$	-	$	-	$	410,000	$	(410,000)	
Total Expenditures	$	260,040	$	226,380	$	2,177,875	$	(1,951,495)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(320,009)		
					
Fund Balance - Beginning	$	378,728		$	798,633		
					
Fund Balance - Ending	$	378,728		$	478,624		

Revenues

Interest	

$	

-	$	

-	$	82	

$	82	
Total Revenues	$	-	$	-	$	82	$	82	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	82		
					
Fund Balance - Beginning	$	-	$	5,274		
					
Fund Balance - Ending	$	-	$	5,356		

Revenues		
Interest	$	-	$	-	$	125,259	$	125,259	
Total Revenues	$	-	$	-	$	125,259	$	125,259	

Expenditures:
Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	-	$	125,259		
					
Fund Balance - Beginning	$	-	$	8,041,033		
					
Fund Balance - Ending	$	-	$	8,166,292		

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Revenues										
Assessments - Tax Roll	$	-	$	88,350	$	413,977	$	12,746	$	7,203	$	2,426	$	6,671	$	2,523	$	-  $	-  $	-  $	-  $	533,896	
Assessments - Direct	$	-	$	-	$	58,750	$	-	$	29,375	$	-	$	-	$	29,375	$	-  $	-  $	-  $	-  $	117,500	
Deficit Funding	$	36,044	$	73,019	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	109,064	
Total Revenues	$	36,044	$	161,370	$	472,727	$	12,746	$	36,578	$	2,426	$	6,671	$	31,898	$	-  $	-  $	-  $	-  $	760,460	

Expenditures:										
General & Administrative:										
Supervisors Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Engineering	$	141	$	1,064	$	1,654	$	2,731	$	1,761	$	2,117	$	745	$	-	$	-  $	-  $	-  $	-  $	10,213	
Attorney	$	95	$	2,832	$	1,960	$	2,274	$	1,005	$	1,651	$	1,715	$	3,259	$	-  $	-  $	-  $	-  $	14,790	
Arbitrage	$	450	$	-	$	450	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	900	
Dissemination	$	1,346	$	746	$	746	$	1,246	$	746	$	746	$	1,246	$	746	$	-  $	-  $	-  $	-  $	7,567	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	250	$	4,041	$	3,717	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	8,008	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,000	
Management Fees	$	3,249	$	3,249	$	3,249	$	3,249	$	3,249	$	3,249	$	3,249	$	3,249	$	-  $	-  $	-  $	-  $	25,992	
Information Technology	$	146	$	146	$	146	$	146	$	146	$	146	$	146	$	146	$	-  $	-  $	-  $	-  $	1,167	
Website Maintenance	$	83	$	83	$	83	$	83	$	83	$	83	$	83	$	83	$	-  $	-  $	-  $	-  $	667	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Postage	$	39	$	8	$	47	$	3	$	79	$	15	$	187	$	45	$	-  $	-  $	-  $	-  $	422	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Printing & Binding	$	-	$	-	$	2	$	-	$	16	$	9	$	3	$	-	$	-  $	-  $	-  $	-  $	29	
Insurance	$	5,988	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,988	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	645	$	506	$	-	$	-  $	-  $	-  $	-  $	1,151	
Other Current Charges	$	39	$	66	$	39	$	39	$	42	$	40	$	39	$	39	$	-  $	-  $	-  $	-  $	344	
Office Supplies	$	0	$	0	$	1	$	0	$	0	$	1	$	0	$	0	$	-  $	-  $	-  $	-  $	3	
Property Appraiser	$	-	$	-	$	-	$	-	$	-	$	252	$	-	$	-	$	-  $	-  $	-  $	-  $	252	
Property Taxes	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	17,001	$	12,235	$	12,094	$	9,772	$	7,127	$	8,953	$	7,920	$	7,566	$	-  $	-  $	-  $	-  $	82,667	

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Operation & Maintenance										
Field Expenditures
Field Services	

$	1,392	

$	1,392	

$	1,392	

$	1,392	

$	1,392	

$	1,392	

$	1,392	

$	1,392	

$	-  $	-  $	-  $	-  $	11,139	
Facility Maintenance	$	-	$	199	$	-	$	285	$	-	$	-	$	860	$	-	$	-  $	-  $	-  $	-  $	1,344	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Electric	$	11,861	$	10,619	$	8,986	$	10,648	$	10,634	$	10,576	$	10,115	$	10,461	$	-  $	-  $	-  $	-  $	83,900	
Water & Sewer	$	15,972	$	43,045	$	21,132	$	20,398	$	25,295	$	31,896	$	49,143	$	63,370	$	-  $	-  $	-  $	-  $	270,250	
Security Building Maintenance	$	100	$	298	$	50	$	1,060	$	516	$	746	$	1,703	$	543	$	-  $	-  $	-  $	-  $	5,016	
Landscape Maintenance	$	12,236	$	12,236	$	12,236	$	12,236	$	12,236	$	12,236	$	12,236	$	12,236	$	-  $	-  $	-  $	-  $	97,888	
Landscape Contingency	$	9,427	$	1,250	$	-	$	4,660	$	-	$	11,868	$	-	$	13,315	$	-  $	-  $	-  $	-  $	40,520	
Property Insurance	$	3,776	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	3,776	
Fountain Maintenance	$	1,610	$	800	$	800	$	800	$	2,695	$	1,000	$	800	$	800	$	-  $	-  $	-  $	-  $	9,305	
Lake Maintenance	$	700	$	350	$	350	$	350	$	350	$	1,550	$	375	$	375	$	-  $	-  $	-  $	-  $	4,400	
Irrigation Repairs	$	450	$	-	$	6,595	$	2,375	$	1,910	$	-	$	1,114	$	11,613	$	-  $	-  $	-  $	-  $	24,057	
Lighting Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Monument Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Roadway Maintenance	$	-	$	852	$	393	$	-	$	-	$	6,030	$	1,317	$	110	$	-  $	-  $	-  $	-  $	8,702	
Contingency	$	1,597	$	10	$	450	$	3,697	$	369	$	353	$	120	$	120	$	-  $	-  $	-  $	-  $	6,715	
Total Operations & Maintenance Expenses	$	59,122	$	71,051	$	52,383	$	57,901	$	55,397	$	77,647	$	79,175	$	114,336	$	-  $	-  $	-  $	-  $	567,012	
										
Total Expenditures	$	76,123	$	83,286	$	64,477	$	67,673	$	62,524	$	86,599	$	87,095	$	121,902	$	-  $	-  $	-  $	-  $	649,679	
										
Excess (Deficiency) of Revenues over Expenditures	$	(40,078)	$	78,084	$	408,249	$	(54,927)	$	(25,946)	$	(84,174)	$	(80,424)	$	(90,004)	$	-  $	-  $	-  $	-  $	110,781	

INTEREST RATES:	

4.500%, 5.100%, 5.700%, 5.800%	
MATURITY DATE:	5/1/2049	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$121,730	
RESERVE FUND BALANCE	$121,730	
BONDS OUTSTANDING - 11/07/18	$3,460,000	
PRINCIPAL PAYMENT - 05/01/20	($50,000)	
PRINCIPAL PAYMENT - 05/01/21	($50,000)	
PRINCIPAL PAYMENT - 05/01/22	($50,000)	
PRINCIPAL PAYMENT - 05/01/23	($55,000)	
CURRENT BONDS OUTSTANDING	$3,255,000	

SERIES 2018A-2, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATES:	5.800%	
MATURITY DATE:	11/1/2029	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL INTEREST	
RESERVE FUND REQUIREMENT	$145	
RESERVE FUND BALANCE	$145	
BONDS OUTSTANDING - 11/07/18	$4,120,000	
SPECIAL CALL - 05/01/19	($150,000)	
SPECIAL CALL - 08/01/19	($245,000)	
SPECIAL CALL - 11/01/19	($330,000)	
SPECIAL CALL - 02/01/20	($200,000)	
SPECIAL CALL - 05/01/20	($205,000)	
SPECIAL CALL - 08/01/20	($305,000)	
SPECIAL CALL - 11/01/20	($665,000)	
SPECIAL CALL - 02/01/21	($580,000)	
SPECIAL CALL - 05/01/21	($85,000)	
SPECIAL CALL - 08/01/21	($1,060,000)	
SPECIAL CALL - 11/01/21	($210,000)	
SPECIAL CALL - 02/01/22	($75,000)	
SPECIAL CALL - 05/01/22	($5,000)	
SPECIAL CALL - 11/01/22	($5,000)	
CURRENT BONDS OUTSTANDING	$0	

INTEREST RATES:	

3.00%, 3.650%, 4.250%, 4.500%	
MATURITY DATE:	5/1/2051	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$127,656	
RESERVE FUND BALANCE	$127,656	
BONDS OUTSTANDING - 10/29/20	$4,230,000	
PRINCIPAL PAYMENT - 05/01/22	($75,000)	
PRINCIPAL PAYMENT - 05/01/23	($80,000)	
CURRENT BONDS OUTSTANDING	$4,075,000	

SERIES 2020A-2, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATES:	4.400%	
MATURITY DATE:	11/1/2035	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL INTEREST	
RESERVE FUND REQUIREMENT	$96,360	
RESERVE FUND BALANCE	$97,017	
BONDS OUTSTANDING - 10/29/20	$8,010,000	
SPECIAL CALL - 11/01/21	($230,000)	
SPECIAL CALL - 02/01/22	($675,000)	
SPECIAL CALL - 05/01/22	($480,000)	
SPECIAL CALL - 08/01/22	($715,000)	
SPECIAL CALL - 11/01/22	($485,000)	
SPECIAL CALL - 02/01/23	($1,045,000)	
PRINCIPAL PAYMENT - 05/01/23	($96,360)	
SPECIAL CALL - 05/01/23	($410,000)	
CURRENT BONDS OUTSTANDING	$3,873,640	

WINDWARD COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2023
	$	566,250.00	$	259,200.00 $	175,680.00	$	1,001,130.00	
Gross	$	532,275.00	$	243,648.00 $	165,139.20	$	941,062.20	

TOTAL ASSESSMENT LEVY

$

100%
-

Gross Percent Collected
Balance Remaining to Collect

DATE	DESCRIPTION	GROSS AMT	DISC/PENALTY	COMMISSIONS	INTEREST	NET RECEIPTS

ASSESSED THROUGH COUNTY
56.56%	25.89%	17.55%	100.00%

O&M Portion  S2018 DSF Portion S2020 DSF Portion	Total

11/18/22	ACH	$4,764.38	($250.13)	($90.29)	$0.00	$4,423.96
11/22/22	ACH	$161,330.00	($6,453.20)	($3,097.53)	$0.00	$151,779.27
12/09/22	ACH	$698,006.40	$0.00	($13,960.13)	$0.00	$684,046.27
12/22/22	ACH	$48,841.00	$0.00	($976.82)	$0.00	$47,864.18
01/10/23	ACH	$3,048.52	$0.00	($60.97)	$0.00	$2,987.55
01/10/23	ACH	$19,293.30	$0.00	($385.87)	$0.00	$18,907.43
01/24/23	ACH	$0.00	$0.00	$0.00	$640.34	$640.34
02/09/23	ACH	$12,994.80	$0.00	($259.89)	$0.00	$12,734.91
03/10/23	ACH	$4,375.80	$0.00	($87.52)	$0.00	$4,288.28
04/11/23	ACH	$3,142.81	$0.00	($62.85)	$0.00	$3,079.96
04/11/23	ACH	$8,840.00	$0.00	($176.80)	$0.00	$8,663.20
04/24/23	ACH	$0.00	$0.00	$0.00	$51.36	$51.36
05/10/23	ACH	$4,552.60	$0.00	($91.06)	$0.00	$4,461.54

$2,502.24	$1,145.40	$776.32	$4,423.96
$85,848.00	$39,296.78	$26,634.49	$151,779.27
$386,904.00	$177,104.66	$120,037.61	$684,046.27
$27,072.50	$12,392.39	$8,399.29	$47,864.18
$1,689.79	$773.50	$524.26	$2,987.55
$10,694.25	$4,895.27	$3,317.91	$18,907.43
$362.18	$165.79	$112.37	$640.34
$7,203.01	$3,297.16	$2,234.74	$12,734.91
$2,425.50	$1,110.27	$752.51	$4,288.28
$1,742.06	$797.42	$540.48	$3,079.96
$4,900.00	$2,242.97	$1,520.23	$8,663.20
$29.05	$13.30	$9.01	$51.36
$2,523.49	$1,155.13	$782.92	$4,461.54

TOTAL	$969,189.61	($6,703.33)	($19,249.73)	$691.70	$943,928.25	$533,896.07	$244,390.04	$165,642.14	$943,928.25

DIRECT BILL ASSESSMENTS

K. Hovnanian at Mystic Dunes, LLC		
Net	
Assessments	
$467,780.00	
$117,500.00	
$90,240.00	
$260,040.00	
DATE
RECEIVED	DUE
DATE	CHECK
NO.	NET
ASSESSED	AMOUNT
RECEIVED	GENERAL
FUND	DEBT SERVICE
FUND 2020 A1	DEBT SERVICE
FUND 2020 A2	
12/13/22	12/1/22	4864	$103,870.00	$103,870.00	$58,750.00	$45,120.00		
2/15/23	2/1/23	5312	$51,935.00	$51,935.00	$29,375.00	$22,560.00		
3/27/23	4/1/23	5758	$130,020.00	$130,020.00			$130,020.00	
5/3/23	5/1/23	5901	$51,935.00	$51,935.00	$29,375.00	$22,560.00		
	9/1/23		$130,020.00					
			$467,780.00	$337,760.00	$117,500.00	$90,240.00	$130,020.00