Dunes

Community Development District

February 10, 2017

Dunes

Community Development District

Agenda

Friday	Dunes CDD Administrative Office	
February 10, 2017	101 Jungle Hut Road	
9:30 a.m.	Palm Coast, Florida	
	Call In #: 800-264-8432	
	Passcode: 704298	

I.	Roll Call & Agenda

II.	Audience Comments

III.	Approval of the Minutes

A.	January 13, 2017 Meeting

B.	January 25, 2017 Special Meeting

IV.	Reports and Discussion Items

C.	Community Projects Report

•	Final Status Report on HDP and Jungle Hut Road Intersection Project

D.	Review and Take Action as the Board Deems Appropriate on the Settlement Agreement Regarding Capacity Fees Matter

•	Status Report on New Toll Collection System

E.	Discuss CPH Engineering Proposal for Evaluating Stormwater Utilization and Additional Reclaimed Water from Palm Coast

•	Request for the Board to Consider Approving DCDD Community Project Funds Towards the County Dune Restoration Project

F.	Acceptance of the Fiscal Year 2016 Audit Report

V.	Staff Reports

•	Attorney

	•	Engineer	
	G.	Manager - Bridge Reports and Traffic Comparison for January	
VI.	Supervisors’ Requests and Audience Comments	
VII.	Financial Reports	
	H.   Balance Sheet & Income Statement	
	I.	Construction Schedule	
	J.	Special Assessment Receipts Schedule	
	K.  Approval of Check Register	

VIII.	Next Meeting Scheduled for March 10, 2017 @ 9:30 a.m. at the Dunes CDD Administrative Office, 101 Jungle Hut Road, Palm Coast, Florida

IX.	Adjournment

A.

MINUTES OF MEETING

DUNES COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Dunes Community Development

District was held Friday, January 13, 2017 at 9:30 a.m. at the Dunes CDD Administrative Office,

101 Jungle Hut Road, Palm Coast, Florida.

Present and constituting a quorum were:

John G. Leckie, Jr.	Chairman

Gary M. Crahan	Vice Chairman
Dennis Vohs	Treasurer
Charles Swinburn	Assistant Secretary
Rich DeMatteis	Assistant Secretary

Also present were:

Richard M. Ryan	District Manager

Michael Chiumento, III	General Counsel
James Perry	District Representative
Tim Sheahan	Utilities Manager
Christopher Marlow	Golden Lion
Tim Conner	Attorney for Golden Lion
Charlie Faulkner	Golden Lion

The following is a summary of the minutes and actions taken at the January 13, 2017

meeting. A copy of the proceedings can be obtained by contacting the District Representative.

FIRST ORDER OF BUSINESS	Roll Call & Agenda

Mr. Perry called the meeting at 9:30 a.m. and called the roll.

SECOND ORDER OF BUSINESS	Audience Comments

Mr. Leckie stated I would like to take an item out of order since we have guests present.

E.	Discuss and Take Any Action the Board Deems Appropriate Regarding the Request for an Easement (License) Over an Existing Easement Held by the City of Palm Cost under the Bridge

Dunes CDD

Mr. Ryan stated I talked with Jim Landon and Jim said the city was favorably disposed towards the project going forward. They wouldn’t say they would guarantee they are going to approve it but they are favorably disposed towards that but they first would have to see detailed plans on what they are proposing. The issue before us is if the board wants to concur that once the city reviews the plans and if we concur that it is reasonable and appropriate then we could issue a license. The other part of that is what fee we set for that license. The first issue is, does the board wants to approve a license agreement and then whether the board does that now of after the City makes its determination. Mr. Leckie asked Michael where are you in looking at this?

Mr. Chiumento stated Mr. Conner shared with me the license, the typical license that we have with only a couple changes that I’m fine with. The legal aspect of it is fine. Part of that license would be a sketch that shows the area over which we would grant a license and the only other thing we would need is just a simple email or letter from the city that says we don’t believe that granting a license to these gentleman would interfere with our easement. Other than that the legalities would be taken care of. I recommend that at some point Exhibit A to the license would have a defined area.

Mr. Leckie asked will you bring us up to date as to what has happened since the last meeting?

Mr. Conner stated I took Dick’s template, the license agreement that you used with European Village. I originally proposed an easement that looks like the easement you have with the city for the actual use area that we are talking about. It was my understanding from the board the preference was to use a license agreement rather than the easement agreement you have with the city so we took the template that Dick gave me and put that in a form consistent with what we are looking for which is a driveway rather than a parking lot. There are also some other differences. That is an existing facility, we put that license agreement together with a parking lot under the bridge over here at European Village was already in place and we changed the language in the document to reflect that we are talking about something we are going to build in the future consistent with what Dick just said about the city’s position and that is in line with our understanding that what we do is going to have to be permitted and approved by the city according to their normal regulatory scheme. We already have that in the works. That is anticipated in the agreement that I propose so all the things that have been said so far by Mike

2

Dunes CDD

and Dick are consistent with what we have in the agreement and consistent with our understanding.

What we would like to see and Chris is here with some overlays that give a more detailed understanding, one of the things that you will see when you look at the revised sketches such as we are now looking at a bifurcated road one way in and one way out. The one way in would traverse the existing concrete area and then cut off into my client’s property. The one way out would circle to the north of that above the retention ponds that are in the grassy area north of the concrete now and come along the fence that is built next to the timeshare units. The city’s engineering department suggested that it would be a better way in and out and our transportation guy adopted the city’s idea of the best way and it lends itself to landscaping and doesn’t interfere with the existing stormwater control mechanisms and that sort of thing and you will see that in the exhibit. Other than that what we are looking for is approval from you conditioned on us working with the city and getting their approvals for whatever we do, us working with staff getting your approvals for whatever we do but with an agreement to move forward. We bought the land, we closed before the end of the year so we are entitled to the property and we are ready to go forward with the project.

Mr. Leckie asked on the one-way coming out where do you come out?

Mr. Conner gave an overview of the layout on the sketches and stated it comes out at the same place and we will come back with fully generated plans before we move forward.
Mr. Marlow stated the City of Palm Coast land development code requires complete construction drawings before they approve the site plan. These schematics basically represent the thoughts of how various elements of the plan that will be necessary to pull the whole thing together.
Mr. Crahan asked is Mr. Landon empowered to express holistically for the city?

Mr. Ryan responded no. I talked to Jim Landon and he said obviously it will have to be reviewed by the engineering department and approved by the city council. He cannot say this is a go this is good we can do it. He can say that they are in favor of it but he like me is not empowered to make a decision for the board.
Mr. Crahan asked are we aware of any restrictions or caveats they would put on this such as a lighting caveat?

Mr. Chiumento stated no, they will have lighting and landscaping requirements.

3

Dunes CDD

Mr. Crahan asked is that property already zoned for the intended use? Mr. Ryan stated it has nothing to do with us if it is or is not.

Mr. Crahan stated I know but it is moot if not.

Mr. Faulkner stated the property is currently zoned what the city calls MPD a lot of us call it a PUD and originally in the 1990’s it was purchased with the thought of being part of the existing timeshare project and through economic bad times and bankruptcies there was a lot of turmoil. The bank ended up taking this piece of land back so currently it isn’t owned by the timeshare it is owned by the Golden Lion but as far as zoning it is still zoned MPD, which is slated heavy towards residential. We have had a total of three meetings with city staff including the city manager and they were enthusiastic. It is a lot easier to modify an MPD to include a restaurant use rather than if it was zoned out and out residential. It will require a modification to the MPD but staff was very supportive of going in this direction.

One of the reasons we are hoping that we can get a license approved is the next step will be to line up financing and when you are talking to a bank having legal access to the parcel is pretty important.

Mr. Leckie stated that gives you the idea they are going to let you use the easement because we have to have that approval also I believe.

Mr. Faulkner stated yes.

Mr. Swinburn stated I assume the bottom line is the road end. How does that affect the current parking and current cement roadway?
Mr. Faulkner stated it doesn’t have any adverse impacts. Again, I was thinking more of a traditional two-lane road and when I showed my thoughts as far as the layout to the city traffic engineer and this was in a meeting with the city traffic engineer and Ray Tyner, the development director. They knew what the meeting was about and as soon as I laid it out the city engineer said I would rather see you do it this way so that was his preference to have one direction coming in utilizing the existing concrete and on the exit keep it further to the north so you have those dry retention ponds separating the traffic. He said basically he thought it would be safer for pedestrians and users of the trail on the Intracoastal. It would also aesthetically look better and after I sketched it out I have to agree with him.

Mr. Swinburn stated my question is the current entrance pathway for cars will the same and veers off at the end.

4

Dunes CDD

Mr. Faulkner stated it will be significantly set back but people will come in and either make a right and park under the bridge or continue into the Golden Lion restaurant.

Mr. Leckie stated this makes sense to me the way it is being laid out. We need approval from the city before we are going to be able to do anything. I think what we can do today is basically say to you we would back this if the city backs it and give you that approval and that would be as far as we can go. We have not had a discussion about the license fee and we will probably have that later. I’m fairly impressed with this and if we get approval from the city we would look at granting them a license to get to this property and I want a sense of the board so they have a feel where we are coming from.

Mr. Vohs stated I agree with your position. Mr. Swinburn stated I agree.
Mr. Crahan stated I agree. Mr. DeMatteis stated yes.

Mr. Leckie stated you have a sense of the board that it is 5-0 that we are saying you get the city to go and we are here. I don’t see a hold up of getting what the license is going to be.
Mr. Ryan stated a caveat on the license. We have not looked at this license it is a format we would probably change and the dollar amount is obviously not in there and would need to be discussed by the board.

Mr. Leckie asked is it basic things?

Mr. Ryan stated yes, things like maintenance, price and so forth.

Mr. Leckie stated I understand the money part but you sent them a license and your feeling is the license is not that far out.

Mr. Chiumento stated the license is substantially fine. You probably want to add a paragraph about it is their obligation to maintain the landscaping and plan of development or whatever, stuff that is typical. It just needs a little bit of tweaking.

Mr. Swinburn stated there is in this license agreement a fee amount of $2,000 a year. Is that a proposal you are making to us?
Mr. Faulkner stated yes that was our general offer, we think that would be reasonable. Just to take into consideration existing license agreements and this proposed one there wouldn’t be any parking in this agreement it is solely for a driveway.

5

Dunes CDD

Mr. Conner stated I’m not an appraiser I’m an attorney but the way the law works on easements is if you have to enforce an easement right through the statutory code then one of the provisos is that you buy it and pay fair market value of what the value of the easement would be. What we tried to do was based on case law we reviewed in terms of how the courts have treated these kinds of cases when it came to litigation and then backed out the term of how long we expected to use this space and converted it into an annual fee. There was some analysis where we derived that number but we didn’t pull it out of the air. It is something that is manageable by the restaurant operation in terms of the business plan we are talking over a 10 year term it would be a $20,000 payment. It was something that we thought was reasonable in terms of the value of the use particularly since my client will absorb the cost of the improvement and all the maintenance associated with the easement use.

Mr. Leckie stated does anyone have any questions for them at this point? Mr. Sheahan asked what is this depicted in brown?

Mr. Faulkner stated that is an elevated pedestrian walkway that would take folks who park under the bridge and get them directly to the path adjacent to the water. It is a concept it is a safety issue to try to keep pedestrians away from vehicular traffic.

Mr. Leckie asked are you okay Tim?

Mr. Sheahan stated like you I would like to see final plans or some plans that had some input on how they are going to handle existing stormwater system in relation to what the roadway looks like.

Mr. Ryan stated you can’t encumber the dry retention, access to that. You can’t prevent stormwater from running into it so those kinds of details would have to be shown and the city is going to require that in any event.

Mr. Faulkner stated so will the water management district.

Mr. Leckie stated I’m good at this point if everybody else is. You know where we stand and when the city approves it we are ready to go as soon as we work out these things.

Mr. Ryan stated we will put together some numbers with the board and get those to you as soon as practical what we anticipate for a license fee.
Messrs. Marlow, Conner and Faulkner left the meeting at this time.

6

Dunes CDD

THIRD ORDER OF BUSINESS	Approval of the Minutes of the December 16,

2016 Meeting
Mr. Leckie stated next is approval of the minutes of the December 16, 2016 meeting. Are there any additions or corrections?

Mr. DeMatteis made an amendment on page 13 that will be incorporated into the final document.

 On MOTION by Mr. Vohs seconded by Mr. DeMatteis with all in  favor the minutes of the December 16, 2016 meeting were approved  as amended on page 13. 

FOURTH ORDER OF BUSINESS	Reports and Discussion Items

A.	Community Projects Report

Mr. Ryan stated you have a revised community project report from the office in Fort Lauderdale and we are now in sync with all our numbers. The highlighted numbers show that her report is as of November 30th my report is as of December. The difference in the interest rates is a little higher and the payout under what is now Hammock Dunes Safety Street lighting and Traffic Control that is higher and ours is $225,525 theirs was $172,164. Our numbers are now in sync and we balanced the books as of September 30th for the auditors by clearing up the cost allocations issues.

Mr. Crahan asked has there been any discussion about the Malacompra by the county? Mr. Ryan responded I think we can start addressing it now that they are getting away

from all the projects they had and the hurricane damage. From our standpoint when it rains the drainage ditch works fine, storm surge is another issue.

B.	Status of Capacity Fees Matter

Mr. Chiumento stated yesterday I talked to the attorney for Milo and his entities lost their appeal against the county for vacation rentals. Now, there will not be any vacation rentals in Ocean Hammock except for in Cinnamon Beach. According to my discussion with their attorney I guess the business of the short-term vacation rentals has dried up and people’s homes are now turning over including Mr. Milo who we are told intends to stop doing that business. As a result of that they made an offer to the district, which essentially is we will drop our lawsuit if Dunes agrees to reimburse all short term vacation rentals that were charged the additional

7

Dunes CDD

capacity fee, we agree to reimburse that to them in consideration for some type of covenant signed by each and every single one of those property owners that they will not do short term vacation rentals and if they do the fee will be charged proactively and they would waive their rights to challenge the rule. It doesn’t work for me it is very cumbersome. Now we are dealing with 20 people.

Mr. Crahan stated not only that you have made a special class.

Mr. Chiumento stated I agree with that. Under sunshine laws you can have a private meeting to discuss litigation strategy and settlement discussions. The first thing is the entity’s attorney shall advise the entity at a public meeting that he or she desires to give advice concerning litigation. That part of the statute was just given to you, we should have a shade meeting. A shade meeting we have to notice it and the earliest we can have it is the following Wednesday so 10 days from now. At that meeting it will be private, we would have a court reporter, we would open the public meeting, talk about what we are going to talk about, then all our discussions are confined to the room, the transcript is sealed until closure and finalization of the litigation at which time it becomes a public record. We are limited as to what we can talk about in that discussions and they are confined to settlement negotiations or strategy sessions related to litigation expenditures. That is what we are planning to talk about. I would suggest that we are going to talk about litigation strategy, strategy associated with maybe entering into a settlement agreement. If you choose to have a shade meeting we will need a motion to direct staff to get that implemented for the following Wednesday. We have depositions scheduled for that week and one of the other things they wanted to do was they have asked to go to mediation next week before they incur all the expenses of the depositions to see if we can’t get that resolved but until we have an opportunity to sit down and talk about the potential settlement if at all then we can’t do that until ten days from now. We will not be able to go to mediation next week as they requested.

Mr. Crahan stated unless they are willing to move the deposition date back.

Mr. Chiumento stated he asked that and here is the issue. Right now let’s assume that we never get to a settlement we are on a very tight court mandated timeline as to when things, motions, all kinds of things have to happen in preparation for the trial on April 2nd. If we were to reschedule all the depositions it just compresses everything into the last five weeks prior to trial. For me it is almost impossible because right now I have another trial scheduled for the middle of

8

Dunes CDD

February so I’m not inclined to advise that we move the depositions. Your depositions will have to be taken anyway and they should only be an hour to two hours each as they are presently scheduled. To move the depositions is very problematic and in my opinion it gives them some breathing room to get serious about dropping the case or whatever the settlement negotiations are going to be.

Mr. DeMatteis asked are you allowed to send out materials that don’t lose their privacy in preparation for the meeting?
Mr. Chiumento stated any and all documents are always public record. Our discussions that we have at that shade meeting are private. There aren’t any documents that I have that aren’t already been produced or aren’t already subject to public records. I may have attorney work product that is my own, my notes and things like that I can share with you but any documents that aren’t created by myself are a public record.

Mr. DeMatteis stated in any settlement there are economic considerations, how much it costs if you do and how much it costs if you don’t. It is an analysis I would like to see if we are going to have a discussion.

Mr. Chiumento stated I can bring that all to the meeting and have it part of the discussion and share it with you. I don’t know specifically the letter I sent to you today was considered a work product, I don’t believe it is and I would be concerned that it would fall into that gray area. I prefer to bring my notes to that meeting and have that financial discussion.
Mr. Ryan stated there is one other option and that is the board decides that we are not interested in settling let’s just move forward. There are side issues that you will talk about at the shade meeting that a settlement of this nature would infringe upon other people’s potential rights. The option still remains that you say no. That could be the outcome after the shade meeting as well.

Mr. Chiumento stated Dick and I talked last night and this concept just comes at you so quick that it really requires some thought and probably a little bit of research and conversation amongst ourselves including probably other lawyers in my business who do this and kind of brainstorm because we have some ideas to present to you that we need to flesh out three steps down the road we don’t know what the unintended consequence might be.

Mr. DeMatteis stated it is interesting that they bring this up now because they have known about this date.

9

Dunes CDD

Mr. Ryan stated I will give you an outside piece of information that may help explain why. Voss who owned 28 properties now has sold 25 of those, he has three remaining properties they are rental properties. Milo has just sold 2 lots in Cinnamon Beach, which is the only area you can lease so they don’t seem to be as interested in this as they once were. I think that is probably the driving force of what’s going on here; the business has become cumbersome. I think there is as much if not more desire on their part to end this thing.

Mr. Chiumento stated my personal mixed with professional advice is it would not surprise me if they just dismissed the suit and they have that option at any time up until the judge reaches his verdict. Any time they can file a document of voluntary dismissal.

Mr. Crahan stated are they aware of this offer?

Mr. Chiumento stated they are. There is in the evidence code as to what becomes evidence in a trial or court case settlement discussions are not admissible as evidence but it doesn’t mean you can’t talk it just can’t be evidence. The judge would be aware of this he is not supposed to consider that as evidence. We would never be able to put it forth at the trial.
Mr. Leckie stated it looks like they are trying to recoup what they can by offering this and the money they spent they are trying to recoup some of it.
Mr. Chiumento stated in addition to that they are trying to get all their short-term rental vacation brethren their money back.

 On MOTION by Mr. Leckie seconded by Mr. Vohs with all in 
favor staff was authorized to notice an attorney/client meeting in

 regards to Capacity Fee litigation for January 25, 2017 at 9:30 a.m.  in the same location.

C.	Status Report on HDP and Jungle Hut Road Intersection Construction Schedule
Mr. Sheahan stated that is complete and I have asked the engineer to relook at the placement of that pedestrian crosswalk sign that is getting battered.

Mr. Ryan stated trucks making the turn run over it.

D.	Status Report on New Toll System

Mr. Ryan stated the new toll collection system has been held up because the contractor could not get a treadle. This is a device that goes in the roadway and counts axles and it comes

10

Dunes CDD

from Germany. It is scheduled to come here the last week of January. With that installed they are going to be working down here until everything is complete and hopefully we can do a turnover at the end of February.

Mr. Crahan asked the discussion of the discount is that taken off the top?

Mr. Ryan responded yes, basically what will show is actually that you pay. If you pay $2 in cash it shows $2, if your card is scanned it will shows 50¢. It simplifies our reports.

E.	Discuss and Take Any Action the Board Deems Appropriate Regarding the

Request for an Easement (License) Over an Existing Easement Held by the City of Palm Cost Under the Bridge
Mr. Leckie asked do we want to talk about the money for the license?

Mr. Ryan stated it isn’t a big deal but it is costing us a significant part of the right of way the way it is shown now. It is taking up more room so my sense is probably $5,000 or something is reasonable. Mr. Leckie stated I had the same number in mind. Does anybody else have a number in mind? The main thing is we don’t want the hassle that we had with European Village regardless of what the amount is because it is not worth it in that kind of situation.

Mr. Ryan stated if the board has the sense that it is something beneficial for the area fine, then a reasonable amount is reasonable.

Mr. Chiumento stated I would also personally like to have a little more formal engineered sketch. The planned pedestrian movements and traffic are all important to you because you do have underlying liability although there is insurance. That and landscape maintenance obligations and repair and in the event the district had to come in and replace or maintain landscaping that is what your choice was there used to be some type of lien or penalty clause.

Mr. Crahan stated also restoration if for some reason they failed and vacated. Mr. Chiumento stated the license terminates that way.
Mr. Ryan stated the city is going to be pretty restrictive about asking for very specific plans and we are saying we are not going to grant a license until we see the details and the city approves them. I think it is good protection that it goes in properly then the issue of maintenance comes as part of the license agreement.
Mr. Crahan asked they would pay for that elevated walkway? Mr. Ryan responded yes.

11

Dunes CDD

Mr. Leckie stated I have heard people who live close by are concerned about noise and I think the city is going to get some objection when they go to pass this.

Mr. Chiumento stated they also have to a public meeting on rezoning. Mr. Leckie stated I got the sense that $5,000 is a reasonable amount.
Mr. Ryan stated I will send a note back to them and tell them what the decision was.

F.	Discussion of Salt Water Impact on Stormwater Lakes North of Jungle Hut

Road
Mr. Ryan stated staff has tested most the lakes in the system and Tim has put together a map. The numbers you see are called conductivity, which is a relative measure of total solids in the water. Some percentage of those are chlorides so when the conductivity is over 1,500 we don’t like to use it because it has a deleterious affect on landscaping. You will see on the south end the levels are much lower with one exception, which was that marsh that is up because of saltwater intrusion through the breach. On the north end it is still very high. We have data from right after the storm surge first occurred and we are taking them now on a routine basis so over three months there hasn’t been a very significant reduction in the conductivity of the salt levels.

Mr. Sheahan stated the only way it will change is if we get enough rain.

Mr. Ryan stated the reason for presenting this is one of the major things we are looking at this is we are considering putting a permanent installation to pump down the lakes during the summer when we have high water demand to augment our irrigation system. Tim just received a permit from DEP, we already have one from St. Johns and now we have everything in place to do this except the water is not suitable. We can go on the south side of Jungle Hut and do the same thing, which we already talked about.

G.	Discussion  of  Palm  Coast’s  Interest  in  Having  the  DCDD  Participate  in

Expanding Their/Our Reclaimed Water Capacity by Putting in a New or Parallel Force Main to the Intracoastal Waterway
Mr. Ryan stated in the past week we received a query from the consulting engineer that was doing our wastewater treatment plant and they also do a lot of work for Palm Coast and they asked if we were interested in joining Palm Coast in expanding the reclaimed line that runs from Palm Coast’s treatment plant where we get our reclaimed water from that runs down to the Intracoastal. From there it runs under the Intracoastal to feed our system here. We called and talked to Richard Adams who is the head of their utilities and he explained they are going to

12

Dunes CDD

either parallel with another main or put in a new large main and discontinue the one we own. It all comes down to the cost and their question to us is are we interested in participating and I said we are interested in participating if you give us a long term agreement to take X gallons a week. Their reason for doing this is they can’t pump enough water out of their treatment plant during what is called wet weather discharge. During certain times of the year they can pump wastewater effluent out rather than putting it into their rapid infiltration basins (RIBs). Pumping treatment plant effluent to the Intracoastal would be a much cheaper way ultimately for them to get rid of wastewater. The advantage we have now is we have options open to us to guaranteed long-term reclaimed water supply. One, we participate with Palm Coast, two, we go south, go north into the stormwater ponds and lakes and take supply from there. Between those two I think we can guaranty long-term supplies for reclaimed water. We have the option to take it from Palm Coast or take it from the lakes, whichever is cost effective for us.
It is a benefit to us to investigate the two options. It turns out that the engineer that we have is the same engineer doing the work for Palm Coast so what we are proposing is to ask them to do a study on the costs of the different options.

Mr. Vohs stated they would be looking at the cost of our arranging to pump from the south, which we don’t currently have and from the north we will be waiting for the salt reduction.

Mr. Ryan stated it could be a few months it could be a year.

Mr. Vohs stated versus whatever costs were associated with a long-term agreement.

Mr. Ryan stated yes, I think an agreement with Palm Coast could be quite extended depending on how much we participate it is going to reduce their cost.

Mr. DeMatteis stated the real reason we would be doing that is to get a long-term agreement rather than get additional capacity.
Mr. Ryan stated the greater capacity is important too. Remember taking from the lakes is not a guaranteed situation.

Mr. Vohs asked what has our history been of having reclaimed water from Palm Coast? Mr. Ryan responded we have not had an issue. Our agreements say they will give us up
to 1,800 gallons per minute and the problem is we can’t get that much water through the piping system. By expanding the size of the pipe or putting in a second pipe then we can get whatever capacity we want. I think we would request a larger capacity and a longer time such as a 25 or

13

Dunes CDD

40 year period. Part of the analysis would be we have a certain size main that runs under the Intracoastal to us now and if we had 50 pounds higher pressure how much more water would we get through that existing pipe. Those are the kinds of analysis that will be done to determine whether you could use the existing pipe only with higher pressure or whether you need to put in a second pipe and get more water.

We are requesting that we get a proposal from CPH Engineers for doing an evaluation of the options and locations for size of main, benefit we would get from the different options and looking at taking water from the southern lakes. We will get a proposal and bring that back to the board to approve any action to do the work. If the board concurs we would issue a contract to them.

Mr. Crahan stated I would be concerned that they would bill both the city and us for the same work.
Mr. Ryan stated ours is a little different. The city is going to have certain requirements and they want a big pipe simply because they can dump far more water in a short period of time and that is what they are looking to do. They are looking to significantly increase the size of that main because it is to their benefit to do so. Whatever they decide may be more than adequate for our needs but we need to verify that.

FIFTH ORDER OF BUSINESS	Staff Reports

A.	Attorney

There being none, the next item followed.

B.	Engineer

Mr. Sheahan stated we got the permit for the wastewater plant and it includes the stormwater supplemental water for irrigation. I haven’t heard anything about the marsh.

Mr. Vohs stated I know they met with St. Johns but that was before the last meeting but I don’t think they have heard back from St. Johns.

C.	Manager – Bridge Reports and Traffic Comparison for December

Mr. Ryan gave an overview of the bridge reports for December along with the traffic comparison.

14

Dunes CDD

SIXTH ORDER OF BUSINESS	Supervisor’s	Requests	and	Audience

Comments
Mr. Swinburn stated in reading though the minutes of the meeting I didn’t attend there

was a discussion initiated by Rich about the possibility of drawing down the lakes before a significant event supplemented by Gary talking about doing after a storm analysis of what was done and what might have been done differently, etc. The discussion just stopped and I didn’t find any conclusions as to either of those suggestions. Is there one?
Mr. Sheahan stated as part of this study that we already talked about with CPH doing I think part of the analysis is to look if it is feasible to draw the lakes down during the hurricane season prior to an event and what size pump station and what do we resize that weir to make it an adjustable weir. That will be part of that analysis.
Mr. Ryan stated I think to be clear because I think I tried to be clear the stormwater system is designed for rain water it was never intended or designed for storm surge. The storm surge was so tremendous there is no way to funnel the storm surge anywhere it is going to go where it is going to go and it is going to go to the lowest point it can find. You can’t direct storm surge down Malacompra Road or down Malacompra drainage ditch. The question about dropping the level of the stormwater ponds prior to a potential event is not necessary if you are dealing strictly with stormwater because we have had some very significant storm events and the system works fine. The only time it has not worked fine is when we had a storm surge. We cannot design for that storm surge we don’t have the capability. The only way to prevent that is don’t allow the water to flow down Malacompra or Jungle Hut and 16th Road and prevent the dunes from breaching. We can’t do any of that. The concept of dropping the lake levels prior to an event is probably a wasted effort. We will look at putting in what we discussed and probably the simplest thing is to having an adjustable weir or putting in a new weir system that is adjustable.

Mr. Vohs asked is there anything we can do to protect the plant itself? The only reason I ask is there are discussions going on the dune restoration of areas putting in facilities that will have mesh to hold the sand. When the government agencies get through approving what they are going to be doing there may be something we want to supplement to protect the plant itself. I’m not sure what that would be. Getting salt into all of our water might create a bigger disaster. I don’t know how protected we are now.

15

Dunes CDD

Mr. Ryan stated not very. If you have significant storm surge greater than we had with Matthew you can’t protect this plant. We would be in horrific shape and out of service for a number of months and there is nothing we can do to prevent that if we get storm surges far worse than we had with Hurricane Matthew. We talked about moving equipment and getting some of the trucks and compressors and different things moved to higher ground. In an emergency we can put them on the berms that will give them 7 or 8 feet over where they are now. We also talked about going to Palm Coast or the county and getting a parcel of land that had some elevation. We have discussed it and we will put in place a plan to get the moveable vehicles and equipment out of here prior to the storm.

Mr. Crahan asked why didn’t we get anything down Jungle Hut?

Mr. Ryan stated because the elevation of Jungle Hut is probably 2 or 3 feet higher than 16th Road.
Mr. Vohs stated I think the storm restoration will solve Jungle Hut and 16th Road issues. Mr. Ryan stated it is the county’s responsibility and it is not within our capabilities to

take on that task.

Mr. DeMatteis stated I am a big proponent of trying to do something with these lakes and if we have a viable solution for something that you don’t think we need to do but you have a solution for an adjustable weir why don’t you pursue that?

Mr. Ryan stated we are, we are putting it all together with the Palm Coast analysis.

Mr. DeMatteis stated the other thing I wanted to mention is as part of the intersection work we painted the stripes because some of it once you go past the much brighter yellow it gets faded. Should we consider continuing to stripe the road?

Mr. Ryan stated we are probably going to redo the whole road surface, resurfacing it in two years. I think Ocean Hammock had it scheduled for 2018 and we just don’t see the wear that bad but it will be soon. We have a set aside of $280,000 to do that.

SEVENTH ORDER OF BUSINESS	Financial Reports

A.	Balance Sheet & Income Statement

B.	Construction Schedule

16

Dunes CDD

C.	Special Assessment Receipt Schedule

D.	Approval of Check Register

 On MOTION by Mr. Crahan seconded by Mr. Swinburn with all in  favor the check register was approved.

EIGHTH ORDER OF BUSINESS	Next   Meeting   Scheduled   for   Friday,

February 10, 2017 @ 9:30 a.m. at the Dunes
CDD Administrative Office, 101 Jungle Hut
Road, Palm Coast, Florida
Mr. Leckie stated the next meeting is February 10, 2017 and a shade meeting is scheduled for January 25, 2017.

 On MOTION by Mr. Vohs seconded by Mr. Swinburn with all in  favor the meeting adjourned at 11:05 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

17

B.

MINUTES OF MEETING

DUNES COMMUNITY DEVELOPMENT DISTRICT

A special meeting of the Board of Supervisors of the Dunes Community Development

District was held Wednesday, January 25, 2017 at 9:30 a.m. at the Dunes CDD Administrative

Office, 101 Jungle Hut Road, Palm Coast, Florida.

Present and constituting a quorum were:

John G. Leckie, Jr.	Chairman

Dennis Vohs	Treasurer
Charles Swinburn	Assistant Secretary
Rich DeMatteis	Supervisor by telephone

Also present were:

Richard M. Ryan	District Manager

Michael Chiumento, III	General Counsel
Court Reporter

The following is a summary of the minutes and actions taken at the January 25, 2017

meeting.

FIRST ORDER OF BUSINESS	Roll Call

Mr. Leckie called the meeting to order at 9:30 a.m.

SECOND ORDER OF BUSINESS	Audience Comments

There being none, the next item followed.

THIRD ORDER OF BUSINESS	Closing the Public Meeting

 On MOTION by Mr. Vohs seconded by Charles Swinburn with all  in favor the public session of the special meeting was closed.

FOURTH ORDER OF BUSINESS	Board went into a Closed Session	
The Board went into an attorney-client session, which is closed to the public, relating to	
pending  litigation  and  is  being  held	pursuant  to  Section  286.011(8),  Florida  Statutes.  The	

September 9, 2016	Dunes CDD

verbatim minutes of the attorney-client session were taken by the court reporter and will be made

public at the conclusion of the litigation discussed.

FIFTH ORDER OF BUSINESS	Board goes back into Public Session

SIXTH ORDER OF BUSINESS	Next   Meeting   Scheduled   for   Friday,

February 10, 2017 @ 9:30 a.m. at the Dunes
CDD Administrative Office, 101 Jungle Hut
Road, Palm Coast, Florida

 On MOTION by Mr. Vohs seconded by Charles Swinburn with all  in favor the meeting adjourned at 10:55 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

C.

FLAGLER COUNTY/DUNES CDD COMMUNITY PROJECTS STATUS REPORT REVISED 1/31/17

Project Funding	Date		Amount	
2012 Initial Contribution	10/31/13	$	1,000,000	
2013 Contribution	10/31/13	$	200,000	
2014 Contribution	10/1/14	$	200,000	
2015 Contribution	10/1/15	$	200,000	
2016 Final Contribution	11/1/16	$	200,000	
Total Funded to Date		$	1,800,000	
Accumulated Interest	1/31/17	$	15,224	
Total Funds Available to Date		$	1,815,224	

Community Project Description	BOCC	DCDD		Project	Project Status		Project	
	Approved	Approved		Budget	% Complete		Cost	
	Date	Date						
Camino Del Mar Sidewalk	6/3/13	3/15/13	$	105,000	100% Complete	$	112,685	
Landscaping A1A Medians	7/7/2014*1	7/12/13	$	46,900	100% Complete	$	43,658	
Ocean Rescue Equipment & Storage	6/3/13	7/12/13	$	130,000	100% Complete	$	100,432	
MalaCompra Drainage Improvements	6/3/2013*	11/21/13	$	900,000	No activity, 0% Complete			
HDP Saftey, Street Lighting, Traffic Signs,	12/8/15	8/21/15	$	255,685	87% Complete	$	223,525	
& Landscaping								

Total to Date	$	1,437,585	$	480,300	
Balance			$	1,334,924	
Potential Community Projects		Project			
		Budget			

Total	$	-

NOTES

* Projects initially approved then revised by First Amendment to the Interlocal Agreement Dated 11/21/2013 *1 BOCC approved this C P at their meeting on 7/7/14, DCDD Board approved on 8/15/14

Community Proj Report 1 31 17.xlsx

D.

SETTLMENT AGREEMENT

THIS SETTLEMENT AGREEMENT, (the “Agreement”), made as of this ____ day of

_____________, 2017, by and between THE DUNES COMMUNITY DEVELOPMENT DISTRICT (the “Defendant”) and 30 CINNAMON BEACH WAY, LLC, ELEVEN OCEAN OAKS, LLC, and 108 OCEAN WAY NORTH, LLC (the “Plaintiffs”) (Plaintiffs and Defendant and collectively the “Parties”) as follows:

WHEREAS, on or about August 11, 2014 a dispute arose between the Parties and Plaintiffs subsequently filed a lawsuit against Defendant in the Circuit Court, Seventh Judicial Circuit, Flagler County, Florida, Case No. 2014-CA-000555 (the “Lawsuit”).

WHEREAS, Plaintiffs and Defendant desire to settle the Lawsuit.

NOW THEREFORE the Parties in consideration of the mutual covenants contained herein the sufficiency of which is hereby acknowledged, do agree as follows:

1.	Recitals. The aforementioned recitals are taken as true, incorporated by reference, and made a material part of this Agreement.

2.	Compromise and Settlement.

a.	Defendant agrees to pay to all, not each, of the Plaintiffs one lump sum payment of Twenty Thousand and 00/100 DOLLARS $20,000.00 (the “Settlement Amount”) in full settlement within three (3) business days of execution of this Agreement with Plaintiffs determining how to divide the Settlement Amount amongst themselves.
b.	Plaintiffs agree to file a Notice of Voluntary Dismissal with Prejudice of the Lawsuit within two (2) business days of receipt of the Settlement Amount.

c.	Plaintiffs and Defendant agree to bear their own attorneys fee and costs associated with the Lawsuit.

3.	Confidentiality. This Agreement shall not be recorded by any party in the official public records of any jurisdiction. The Parties agree that subject to the Sunshine Law, the Parties, their employees, owners, and officers agree that the financial terms of this Agreement shall be treated as confidential and shall not be voluntarily disclosed to anyone except as may be compelled by law or as necessary for the purpose of receiving legal or financial advice.

4.	Mutual Release. In consideration of performance of this Agreement, the Parties further agree that Plaintiffs do hereby remise, release, acquit, satisfy and forever discharge Defendant, and their respective predecessors, successors, assigns, employees, agents and former employees agents, officers and directors, from any and all contracts, controversies, agreements or promises, claims and demands whatsoever in law or in equity, arising out of the Lawsuit. Also, Defendant does hereby remise, release, acquit,

SETTLEMENT AGREEMENT

PAGE 1

satisfy, and forever discharge Plaintiffs, and their respective predecessors, successors, assigns, employees, agents and former employees agents, officers and directors, from any and all contracts, controversies, agreements or promises, claims and demands whatsoever in law or in equity, arising out of the claims which were asserted or could have been asserted in the Lawsuit.

5.	Severability. If any one or more of the covenants or provisions of this Agreement shall beheld to be contrary to any express provisions of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall, for any reason whatever, be held invalid, then such covenants or provisions shall be null and void, shall be deemed separable from the remaining covenants or provisions of this Agreement, and shall, in no way, affect the validity of the remaining covenants or provisions of this Agreement.

6.	Effective Date. This Agreement shall take effect on the date that this Agreement is fully executed by the Parties.

7.	Entire Agreement/Modification. This Agreement constitutes the complete, integrated and entire agreement between the parties with respect to the subject matter hereof, and supersedes any and all prior agreements, arrangements, contracts or understandings, whether oral or written, between the parties. This Agreement may not be amended, changed, or modified and material provisions hereunder may not be waived, except by a written document, of equal dignity herewith and signed by all parties to this Agreement.

8.	Construction or Interpretation of the Agreement. This Agreement is the result of a bona fide arm’s length negotiation between the parties and all parties have contributed substantially and materially to the preparation of the Agreement. Accordingly, this Agreement shall not be construed or interpreted more strictly against any one (1) party than against any other party, both parties having participated in the drafting of this Agreement.

9.	Interpretation/Applicable Law/Venue. The laws of the State of Florida shall govern this Agreement. Any legal action necessary arising out of the Agreement will have its venue in the Seventh Judicial Circuit Court in and for Flagler County, Florida and the Agreement will be interpreted according to the laws of Florida.

10.	Reasonable Approval. In those instances, in this Agreement in which a party’s approval, consent or satisfaction is required, then it shall be implied that such action shall be exercised in a reasonable manner and within a reasonable time frame.

SETTLEMENT AGREEMENT

PAGE 2

11.	Remedies. Each party shall have any and all remedies as permitted by law; provided, however, that the parties agree to provide for positive dialogue and communication if disputes or disagreements arise as to the interpretation or implementation of this Agreement.

12.	Time is of the Essence. Time is of the essence for the lawful performance of the duties and obligations contained in this Agreement. The parties covenant and agree that they shall diligently and expeditiously pursue their respective obligations set forth in this Agreement.

13.	Headings. All sections and descriptive headings in this Agreement are inserted for convenience only, and shall not affect the construction or interpretation hereof.

14.	Knowing and Voluntary Waiver. The undersigned parties hereby expressly warrant and represent that, before executing this Agreement, they have fully informed themselves of its terms, contents, conditions, and effect; that they have relied solely and completely upon their own judgment in entering this Agreement; that they are competent to enter into this Agreement; that they have had adequate opportunity to consult with legal counsel concerning this Agreement and the terms thereof; that they fully understand that this Agreement includes a full, complete, and final release of the matters set forth herein; and that they are voluntarily entering into this Agreement.

15.	Execution. This Agreement may be executed in one or more counterparts, all of which will be considered the same instrument. Fax or electronic copies of signatures on this Agreement shall have the same effect as original signatures.

16.	Attorney Fees. In case suit be brought by either of the Parties for enforcement of any of the terms and conditions of this Agreement, the prevailing party shall be entitled to all expenses incurred, including reasonable attorney's fees (including on appeal), and court costs.

17.	Authority. Each Party executing this Agreement hereby warrants that they have full authority to execute said Agreement on behalf of each corresponding Party.

(SIGNATURES ON THE FOLLOWING PAGES)

IN WITNESS WHEREOF, the parties have executed this Agreement, effective as of the date first above written.

SETTLEMENT AGREEMENT

PAGE 3

THE DUNES COMMUNITY DEVELOPMENT

DISTRICT

By: ________________________________

__________________as ____________

Dated this ____ day of ________ 2017

STATE OF

COUNTY OF

BEFORE ME, the undersigned office, duly authorized to administer oaths, personally appeared,

_______________________, as _____________________________ of THE DUNES COMMUNITY DEVELOPMENT DISTRICT who is personally known to me or has produced

________________________ as identification, and who executed the foregoing Settlement Agreement and he acknowledged before me that he executed the same freely and voluntarily for the uses and purposes therein expressed after having first obtained advise from counsel of his own choosing, and who (did/did not) take an oath.

WITNESS my hand and official seal at	,   in   the   County   and   State	
aforesaid this	day of	, 2017.	

NOTARY PUBLIC, STATE OF FLORIDA

(Print)

My Commission Expires:

SETTLEMENT AGREEMENT

PAGE 4

30 CINNAMON BEACH WAY, LLC

By: ________________________________

__________________as ____________

Dated this ____ day of ________ 2017

STATE OF

COUNTY OF

BEFORE ME, the undersigned office, duly authorized to administer oaths, personally appeared,

_______________________, as _____________________________ of 30 CINNAMON BEACH WAY, LLC who is personally known to me or has produced ________________________ as identification, and who executed the foregoing Settlement Agreement and he acknowledged before me that he executed the same freely and voluntarily for the uses and purposes therein expressed after having first obtained advise from counsel of his own choosing, and who (did/did not) take an oath.

WITNESS my hand and official seal at	,   in   the   County   and   State	
aforesaid this	day of	, 2017.	

NOTARY PUBLIC, STATE OF FLORIDA

(Print)

My Commission Expires:

SETTLEMENT AGREEMENT

PAGE 5

ELEVEN OCEAN OAKS, LLC

By: ________________________________

__________________as ____________

Dated this ____ day of ________ 2017

STATE OF

COUNTY OF

BEFORE ME, the undersigned office, duly authorized to administer oaths, personally appeared,

_______________________, as _____________________________ of ELEVEN OCEAN OAKS, LLC who is personally known to me or has produced ________________________ as identification, and who executed the foregoing Settlement Agreement and he acknowledged before me that he executed the same freely and voluntarily for the uses and purposes therein expressed after having first obtained advise from counsel of his own choosing, and who (did/did not) take an oath.

WITNESS my hand and official seal at	,   in   the   County   and   State	
aforesaid this	day of	, 2017.	

NOTARY PUBLIC, STATE OF FLORIDA

(Print)

My Commission Expires:

SETTLEMENT AGREEMENT

PAGE 6

108 OCEAN WAY NORTH, LLC

By: ________________________________

__________________as ____________

Dated this ____ day of ________ 2017

STATE OF

COUNTY OF

BEFORE ME, the undersigned office, duly authorized to administer oaths, personally appeared,

_______________________, as _____________________________ of 108 OCEAN WAY NORTH, LLC who is personally known to me or has produced ________________________ as identification, and who executed the foregoing Settlement Agreement and he acknowledged before me that he executed the same freely and voluntarily for the uses and purposes therein expressed after having first obtained advise from counsel of his own choosing, and who (did/did not) take an oath.

WITNESS my hand and official seal at	,   in   the   County   and   State	
aforesaid this	day of	, 2017.	

NOTARY PUBLIC, STATE OF FLORIDA

(Print)

My Commission Expires:

SETTLEMENT AGREEMENT

PAGE 7

E.

F.

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA
FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 2016

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

TABLE OF CONTENTS			
	Page		
INDEPENDENT AUDITOR’S REPORT	1-2		
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-7		
BASIC FINANCIAL STATEMENTS			
Government-Wide Financial Statements:			
Statement of Net Position	8		
Statement of Activities	9		
Fund Financial Statements:			
Balance Sheet – Governmental Funds	10		
Statement of Revenues, Expenditures and Changes in Fund Balances –			
Governmental Funds	11		
Statement of Net Position – Proprietary Funds	12		
Statement of Revenues, Expenses and Changes in Net Position –			
Proprietary Funds	13		
Statement of Cash Flows – Proprietary Funds	14		
Notes to the Financial Statements	15-24		
REQUIRED SUPPLEMENTARY INFORMATION			
Schedule of Revenues, Expenditures and Changes in Fund Balances –			
Budget and Actual – General Fund	25		
Notes to Required Supplementary Information	26		
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL			
REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT			
OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH	27-28		
GOVERNMENT AUDITING STANDARDS			
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	29		
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES			
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	30-31		

2700 North Military Trail ▪ Suite 350 Boca Raton, Florida 33431

(561) 994-9299 ▪ (800) 299-4728 Fax (561) 994-5823 www.graucpa.com

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Dunes Community Development District
Flagler County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the business-type activities and each major fund of Dunes Community Development District, Flagler County, Florida (“District”) as of and for the fiscal year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

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

Auditor’s Responsibility

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

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

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

Opinions

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

Other Matters

Required Supplementary Information

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

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated January 25, 2017, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated January 25, 2017, on our consideration of the District’s compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

January 25, 2017

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Dunes Community Development District, Flagler County, Florida’s (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2016. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

•	The assets of the District exceeded its liabilities at the close of the fiscal year ended September 30, 2016 by $50,556,551 (net position), an increase of $708,259 in comparison with the prior fiscal year.

•	At September 30, 2016, the District’s governmental funds reported combined ending fund balances of $194,843, an increase of $19,132 in comparison with the prior fiscal year. A portion of the total fund balance is non-spendable for prepaid items, assigned for subsequent year’s expenditures and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

•	During fiscal year 2016, the District implemented Governmental Accounting Standards Board (“GASB”) Statement No. 72, Fair Value Measurement and Application, GASB Statement No. 76,

	The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments, and GASB Statement No. 79, Certain External Investment Pools and Pool Participants. Please see New Accounting Standards Adopted in Note 2 of the financial statements for additional information

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

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

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

Both the government-wide financial statements distinguish functions of the District that are principally supported by assessments (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the District include general (management) and maintenance functions. The business-type activities of the District include the water and sewer operations and the toll bridge operations.

3

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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 two fund categories: governmental funds and proprietary funds.

Governmental Funds

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

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

The District maintains one individual governmental fund. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, which is considered to be a major fund.

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

Proprietary Funds

The District maintains one type of proprietary fund, enterprise fund. The District maintains two enterprise funds. An enterprise fund is used to report the same function presented as business-type activities in the government-wide financial statements. The District uses an enterprise fund to account for the operations of the water and sewer utility services within the District. The District also uses an enterprise fund to account for the operations of the toll bridge within the District. Both funds are considered to be major funds.

Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail.

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.

Other Information

In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the District’s budget to actual comparison for the general fund.

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS

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

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

				NET POSITION				
				SEPTEMBER 30,				
		Governmental Activities	Business-type Activities	Total	
		2016		2015	2016	2015	2016	2015	
Assets, excluding capital assets	$	206,512	$	180,014	$ 21,581,691	$ 19,882,459	$ 21,788,203	$ 20,062,473	
Capital assets, net of depreciation		107,700		107,621	31,653,109	32,792,176	31,760,809	32,899,797	
Total assets		314,212		287,635	53,234,800	52,674,635	53,549,012	52,962,270	
Liabilities, excluding long-term liabilities		11,669		4,303	2,970,792	3,099,675	2,982,461	3,103,978	
Total liabilities		11,669		4,303	2,970,792	3,099,675	2,982,461	3,103,978	
Net position									
Investment in capital assets		107,700		107,621	31,653,109	32,792,176	31,760,809	32,899,797	
Restricted for:									
Parkw ay maintenance and									
community projects		-		-	1,437,807	1,400,943	1,437,807	1,400,943	
Unrestricted		194,843		175,711	17,173,092	15,381,841	17,367,935	15,557,552	
Total net position	$	302,543	$	283,332	$ 50,264,008	$ 49,574,960	$ 50,566,551	$ 49,858,292	

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 represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.

Governmental activities
As noted below and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2016 was $316,115. The majority of the costs of the Districts activities were paid by program revenues. As in the prior fiscal year, program revenues are comprised primarily of assessments. In addition, surplus funds were transferred from the enterprise funds to fund certain operating expenses. The majority of the change in expenses results from increases in certain maintenance and operations expenses.

Business-type activities
For the fiscal year ended September 30, 2016, the cost of the business-type activities was $4,739,778. The costs of those activities were paid for by program revenues which consisted primarily of user fees and charges. The majority of the decrease in program revenues is due to nonrecurring receipts of $691,690 from St. Johns River Water Management District relating to a cost share agreement, and a contribution of roadways from the Ocean Hammock Property Owners Association totaling $1,873,188; along with $279,912 to offset the cost of future maintenance in the prior fiscal year. The decrease in expenses is primarily the result of extensive nonrecurring bridge repairs that were undertaken in the prior fiscal year.

5

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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,					
		Governmental Activities		Business-type Activities		Total		
		2016		2015		2016		2015		2016		2015	
Revenues:													
Program revenues													
Charges for services	$	161,231	$	194,443	$	5,495,680	$	5,272,626	$	5,656,911	$	5,467,069	
Capital grants and contributions		-		-		-		2,844,790		-		2,844,790	
General revenues													
Miscellaneous		1,095		722		106,146		49,350		107,241		50,072	
Total revenues		162,326		195,165		5,601,826		8,166,766		5,764,152		8,361,931	
Expenses:													
General government		183,385		177,029		-		-		183,385		177,029	
Maintenance and operations		132,730		102,949		-		-		132,730		102,949	
Water and sew er		-		-		3,408,822		3,199,238		3,408,822		3,199,238	
Toll bridge operations		-		-		1,330,956		2,369,109		1,330,956		2,369,109	
Total expenses		316,115		279,978		4,739,778		5,568,347		5,055,893		5,848,325	
Transfers		173,000		135,000		(173,000)		(135,000)		-		-	
Change in net position		19,211		50,187		689,048		2,463,419		708,259		2,513,606	
Net position - beginning		283,332		233,145		49,574,960		47,111,541		49,858,292		47,344,686	
Net position - ending	$	302,543	$	283,332	$	50,264,008	$	49,574,960	$	50,566,551	$	49,858,292	

GENERAL FUND BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2016.

Actual general fund expenditures for the fiscal year ended September 30, 2016 were less than appropriations due primarily to anticipated costs which were not incurred.

CAPITAL ASSETS

At September 30, 2016, the District had $123,282 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $15,582 has been taken, which resulted in a net book value of $107,700. The District’s business-type activities reported net capital assets of $31,653,109. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

6

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District anticipates some capital improvement projects in fiscal year 2017. The design of improvements to the wastewater treatment plant that will increase the plant capacity from its current 0.5 million gallons per day (MGD) to 1.0 MGD has commenced and is expected to be completed in fiscal year 2017. Construction of the improvements necessary to increase the plant capacity is anticipated to take place in fiscal year ended September 30, 2017. Other capital improvement projects scheduled for fiscal year 2017 include improvements to the water distribution system, wastewater collection system and reuse distribution system.

The District has entered into an inter-local agreement with Flagler County to contribute a total of $1.8 million in surplus funds from the bridge fund for certain community projects, commencing on October 1, 2013 and ending on October 1, 2016 – see Note 8 for additional details. Based on the agreement, contributions through September 30, 2015 totaled $1.6M. Approved projects completed in the current and prior fiscal years totaled $165,012 and $258,650, respectively, for a restricted balance on this commitment of approximately $1,178 million at September 30, 2016. An additional $200,000 in contribution was reserved subsequent to year end.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide 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 Dunes Community Development District’s Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida, 33351.

7

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

STATEMENT OF NET POSITION
SEPTEMBER 30, 2016

	Governmental	Business-type				
ASSETS		Activities		Activities		Total		
								
Cash and cash equivalents	$	9,736	$	483,255	$	492,991		
Investments		183,482		20,443,346		20,626,828		
Receivables		994		508,455		509,449		
Due from business/governmental type activities		608		-		608		
Prepaids		11,692		145,635		157,327		
Deposits		-		1,000		1,000		
Capital assets:								
Nondepreciable		-		1,195,872		1,195,872		
Depreciable, net		107,700		30,457,237		30,564,937		
Total assets		314,212		53,234,800		53,549,012		
LIABILITIES								
Accounts payable		11,669		61,271		72,940		
Due to business/governmental type activities		-		608		608		
Unearned revenue		-		2,908,913		2,908,913		
Total liabilities		11,669		2,970,792		2,982,461		
NET POSITION								
Investment in capital assets		107,700		31,653,109		31,760,809		
Restricted for:								
Parkway maintenance		-		259,593		259,593		
Community projects		-		1,178,214		1,178,214		
Unrestricted		194,843		17,173,092		17,367,935		
Total net position	$	302,543	$	50,264,008	$	50,566,551		

See notes to the financial statements

8

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

					Program	Net (Expense) Revenue and Changes in Net	
					Revenues				Position			
					Charges							
					for	Governmental	Business-type			
Functions/Programs		Expenses		Services		Activities		Activities		Total	
Primary government:												
Governmental activities:												
General government	$	183,385		$	161,231	$	(22,154)	$	-	$	(22,154)	
Maintenance and operations		132,730			-		(132,730)		-		(132,730)	
Total governmental activities		316,115			161,231		(154,884)		-		(154,884)	
Business-type activities:												
Water and sewer utilities		3,408,822			3,907,237		-		498,415		498,415	
Toll bridge operations		1,330,956			1,588,443		-		257,487		257,487	
Total business-type activities		4,739,778			5,495,680		-		755,902		755,902	
	General revenues:									
		Unrestricted investment earnings		1,095		106,146		107,241	
		Total general revenues		1,095		106,146		107,241	
		Transfers				173,000		(173,000)		-	
	Change in net position		19,211		689,048		708,259	
	Net position - beginning		283,332		49,574,960		49,858,292	
	Net position - ending		$	302,543	$	50,264,008	$	50,566,551	

See notes to the financial statements

9

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

BALANCE SHEET
GOVERNMENTAL FUNDS
SEPTEMBER 30, 2016

Major Fund

General Fund

ASSETS

Cash

Investments

Assessments receivable

Due from other funds

Prepaids

Total assets

LIABILITIES AND FUND BALANCES

Liabilities:

Accounts payable

Total liabilities

Fund balances:

Nonspendable:

Prepaid items

Assigned to:

Subsequent year's expenditures

Unassigned

Total fund balance

Total liabilities and fund balance

Total fund balances - governmental funds

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.

Net position of governmental activities

$       9,736 183,482 994 608 11,692

$	206,512

$	11,669 11,669

11,692

46,691

136,460

194,843

$	206,512

$	194,843

107,700

$	302,543

See notes to the financial statements

10

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

		Major Fund		
REVENUES	General Fund		
				
Maintenance assessments	$	161,231		
Interest and other revenues		1,095		
Total revenues		162,326		
EXPENDITURES				
Current:				
General government		177,074		
Maintenance and operations		130,125		
Capital outlay		8,995		
Total expenditures		316,194		
Excess (deficiency) of revenues over				
(under) expenditures		(153,868)		
OTHER FINANCING (USES)				
Interfund transfers		173,000		
Total other financing sources and (uses)		173,000		
Net change in fund balance		19,132		
Fund balance - beginning		175,711		
Fund balance - ending	$	194,843		

Net change in fund balances - total governmental funds

Amounts reported for governmental activities in the statement of activities are different because:

Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.
Governmental funds report capital outlays as expenditures, however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.

Change in net position of governmental activities

$	19,132

(6,420)

6,499 $ 19,211

See notes to the financial statements

11

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

STATEMENT OF NET POSITION - PROPRIETARY FUNDS
SEPTEMBER 30, 2016

			Major Funds			
		Water, Sewer and		Intracoastal			
		Effluent Reuse	Waterway Bridge			
		Enterprise Fund	Enterprise Fund		Total	
ASSETS								
Current assets:								
Cash and cash equivalents	$	355,405	$	127,850	$	483,255	
Investments			9,555,595		10,887,751		20,443,346	
Receivables			508,455		-		508,455	
Due from other funds			-		833		833	
Noncurrent assets:								
Prepaids			84,059		61,576		145,635	
Deposits			1,000		-		1,000	
Capital assets:								
Capital assets not being depreciated			954,327		241,545		1,195,872	
Capital assets being depreciated			43,562,520		13,199,756		56,762,276	
Less accumulated depreciation			(20,077,117)		(6,227,922)		(26,305,039)	
Total capital assets, net			24,439,730		7,213,379		31,653,109	
Total assets			34,944,244		18,291,389		53,235,633	
LIABILITIES								
Current liabilities:								
Accounts payable			57,885		3,386		61,271	
Due to other funds			1,441		-		1,441	
Noncurrent liabilities:								
Unearned revenue			870,673		2,038,240		2,908,913	
Total liabilities			929,999		2,041,626		2,971,625	
NET POSITION								
Net investment in capital assets			24,439,730		7,213,379		31,653,109	
Restricted for parkway maintenance			-		259,593		259,593	
Restricted for community projects			-		1,178,214		1,178,214	
Unrestricted			9,574,515		7,598,577		17,173,092	
Total net position		$	34,014,245	$	16,249,763	$	50,264,008	

See notes to the financial statements

12

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
NET POSITION - PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

		Major Funds			
	Water, Sewer and		Intracoastal			
		Effluent		Waterways			
	Enterprise Fund	Bridge Enterprise		Total	
OPERATING REVENUES							
Charges for sales and services:							
Water	$	1,255,775	$	-	$	1,255,775	
Irrigation and effluent		1,448,841		-		1,448,841	
Sewer		1,028,825		-		1,028,825	
Connection fees		122,829		-		122,829	
Meter fees		31,022		-		31,022	
Tolls		-		1,588,443		1,588,443	
Other		19,945		-		19,945	
Total operating revenues		3,907,237		1,588,443		5,495,680	
OPERATING EXPENSES							
Personnel services		908,200		464,646		1,372,846	
Materials, supplies and services		1,313,763		563,510		1,877,273	
Depreciation and amortization		1,186,859		302,800		1,489,659	
Total operating expense		3,408,822		1,330,956		4,739,778	
Operating income (loss)		498,415		257,487		755,902	
NON OPERATING REVENUE (EXPENSES)							
Interest income		48,826		57,320		106,146	
Total non operating revenue (expenses)		48,826		57,320		106,146	
Income before transfers		547,241		314,807		862,048	
Transfers out		(80,000)		(93,000)		(173,000)	
Change in net position		467,241		221,807		689,048	
Total net position - beginning		33,547,004		16,027,956		49,574,960	
Total net position - ending	$	34,014,245	$	16,249,763	$	50,264,008	

See notes to the financial statements

13

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

	Water, Sew er and		Intracoastal				
		Effluent Reuse	Waterw ay Bridge				
	Enterprise Fund	Enterprise Fund		Total		
CASH FLOWS FROM OPERATING ACTIVITIES								
Receipts from customers, users and other funds	$	3,836,096	$	1,560,551	$	5,396,647		
Other operating cash receipts		10,601		-		10,601		
Payments to suppliers		(1,497,344)		(668,544)		(2,165,888)		
Payments to employees		(896,438)		(457,505)		(1,353,943)		
Net cash provided (used) by								
operating activities		1,452,915		434,502		1,887,417		
CASH FLOWS FROM CAPITAL AND RELATED								
FINANCING ACTIVITIES:								
Purchases of capital assets		(182,959)		(173,190)		(356,149)		
Net cash provided (used) by capital								
and related financing activities		(182,959)		(173,190)		(356,149)		
CASH FLOWS FROM INVESTING ACTIVITIES								
Interest earnings		48,826		57,320		106,146		
Purchase of investments		(1,008,802)		(340,414)		(1,349,216)		
Net cash provided (used) by investing activities		(959,976)		(283,094)		(1,243,070)		
Net increase (decrease) in cash and cash equivalents		309,980		(21,782)		288,198		
Cash and cash equivalents - October 1		45,425		149,632		195,057		
Cash and cash equivalents - September 30	$	355,405	$	127,850	$	483,255		
Reconciliation of operating income (loss) to net cash								
								
provided (used) by operating activities								
Operating Income (loss)	$	498,415	$	257,487	$	755,902		
Adjustments to reconcile operating income (loss)								
to net cash provided (used) by Operating Activities:								
Depreciation and amortization		1,186,859		302,800		1,489,659		
(Increase)/Decrease in receivables		(60,640)		-		(60,640)		
(Increase)/Decrease in interfund receivable		100		242		342		
(Increase)/Decrease in prepaids		(1,146)		(32)		(1,178)		
Increase/(Decrease) in accounts payable		(59,315)		(97,861)		(157,176)		
Increase/(Decrease) in interfund payable		142		-		142		
Increase/(Decrease) in unearned revenue		(31,500)		64,866		33,366		
Interfund transfer		(80,000)		(93,000)		(173,000)		
Total Adjustments		954,500		177,015		1,131,515		
Net cash provided (used) by operating activities	$	1,452,915	$	434,502	$	1,887,417		

See notes to the financial statements

14

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Dunes Community Development District (“District”) was created on October 22, 1985, under the "Uniform Community Development District Act of 1980", otherwise known as Chapter 190, Florida Statutes. Chapter 190 provides that a Community Development District with a size of 1,000 acres or more may be established by rule adopted under Chapter 120 by the Florida Land and Water Adjudicatory Commission. The District was established by adopting Rule 42E-1. Chapter 190 provides among other things the power to manage basic services for community development and to levy and assess non-ad valorem assessments for the financing and maintenance of improvements.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by registered voters within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements

The basic financial statements include both government-wide and fund financial statements.

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

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

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

15

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)

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 benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, 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 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 government reports the following major governmental fund:

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

The following major proprietary funds are used by the District:

Water and Sewer and Effluent Reuse Fund

This enterprise fund is used to account for the operations of the water and sewer utility services within the District. The costs of providing services to the residents are recovered primarily through user charges.

Intracoastal Waterway Bridge Enterprise Fund
This enterprise fund is used to account for the operations of a toll bridge. The costs of providing services are recovered primarily through user charges.

Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the District’s enterprise fund are charges to customers for sales and services. Operating expenses of the enterprise fund include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.

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.

16

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued)

New Accounting Standards Adopted

During fiscal year 2016, the District adopted three new accounting standards as follows:

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

GASB 76 - The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments

The Statement identifies—in the context of the current governmental financial reporting environment—the sources of accounting principles used to prepare financial statements of state and local governmental entities in conformity with generally accepted accounting principles (GAAP) and the framework for selecting those principles.

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

Assets, Liabilities and Net Position or Equity

Restricted Assets

These assets represent cash and investments set aside pursuant to Bond covenants or 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:

a)	The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;

b)	Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;

c)	Interest bearing time deposits or savings accounts in qualified public depositories;
d)	Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

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.

17

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Inventories and Prepaid Items

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

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

Capital Contributions
Capital Contributions consists of infrastructure improvements conveyed by the Developer or other entities to the District and cash contributions made by the Developer for infrastructure improvements.

Unearned Revenue

Unearned revenue in the Water and Sewer and Effluent Reuse Enterprise Fund consists of connection fees advanced by one of the Developers. Revenue is considered unearned until the specific unit is connected to the water and sewer system. Unearned revenue in the Intracoastal Waterway Bridge Enterprise Fund consists of amounts collected for toll passes which have not been used up by the customers.

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

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend 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	
Infrastructure	25 – 50	
Roadways	26	
Machinery and equipment	5	

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.

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 ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize Bond 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.

18

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deferred Outflows/Inflows of Resources

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

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

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

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

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

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

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

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

Other Disclosures

Use of Estimates

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

19

NOTE 3 – BUDGETARY INFORMATION

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

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

a)	Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.

b)	Public hearings are conducted to obtain public comments.
c)	Prior to October 1, the budget is legally adopted by the District Board.
d)	All budget changes must be approved by the District Board.
e)	The budgets are adopted on a basis consistent with generally accepted accounting principles.
f)	Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS 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, 2016:

Investment	Maturities		Fair Value	Credit Risk		
Investment in Local Government Surplus Funds	Weighted average of the fund			S&P AAAm		
Trust Fund (Florida PRIME)	portfolio: 50 days	$	20,626,828			
						
Total Investments		$	20,626,828			

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.

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.

20

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)

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. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

External Investment Pool – With regard to redemption dates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.”

With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2016, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – RECEIVABLES

Receivables at September 30, 2016 are as follows:

	Water, Sew er and			
		Effluent Reuse			
	Enterprise Fund		Totals	
Receivables:					
Accounts	$	508,455	$	508,455	
	$	508,455	$	508,455	

21

NOTE 6 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2016 was as follows:

		Beginning						Ending		
		Balance		Additions		Deletions		Balance		
Governmental Activities										
Capital assets being depreciated:										
Infrastructure	$	104,208	$	-	$	-	$	104,208		
Machinery and equipment		12,575		6,499		-		19,074		
Total capital assets, being depreciated		116,783		6,499		-		123,282		
Less accumulated depreciation for:										
Infrastructure		4,342		2,605		-		6,947		
Machinery and equipment		4,820		3,815		-		8,635		
Total accumulated depreciation		9,162		6,420		-		15,582		
Total capital assets, being depreciated, net		107,621		79		-		107,700		
Governmental activities capital assets, net	$	107,621	$	79	$	-	$	107,700		
Business-type Activities										
										
Capital assets not being depreciated:										
Land	$	960,488	$	-	$	-	$	960,488		
Construction in progress		-		235,384		-		235,384		
Total capital assets, not being depreciated		960,488		235,384		-		1,195,872		
Capital assets being depreciated:										
Infrastructure		51,435,319		36,471		-		51,471,790		
Roadw ays		1,873,188		-		-		1,873,188		
Machinery and equipment		3,338,561		78,737		-		3,417,298		
Total capital assets, being depreciated		56,647,068		115,208		-		56,762,276		
Less accumulated depreciation for:										
Infrastructure		21,571,109		1,354,591		-		22,925,700		
Roadw ays		72,046		72,046		-		144,092		
Machinery and equipment		3,172,225		63,022		-		3,235,247		
Total accumulated depreciation		24,815,380		1,489,659		-		26,305,039		
Total capital assets, being depreciated, net		31,831,688		(1,374,451)		-		30,457,237		
Business-type activities capital assets, net	$	32,792,176	$	(1,139,067)	$	-	$	31,653,109		

During the current fiscal year, the District began the design and engineering of its Wastewater Treatment Plant Expansion Project and replacement of its toll system.

During the prior fiscal, the District assumed ownership and maintenance responsibility of Hammock Dunes Parkway from the Ocean Hammock Property Owners Association (OHPOA). In conjunction with the conveyance, OHPOA also transferred $279,912 in reserves to the District for future maintenance on the property. $259,593 of this amount is included in restricted net position at September 30, 2016.

22

NOTE 6 – CAPITAL ASSETS (Continued)

Depreciation expense was charged to function/programs of the primary government as follows:

Governmental activities:

General government Maintenance and operations Total depreciation expense

Business-type activities:

Water and sew er utilities Toll bridge operations Total depreciation expense

$	2,605 3,815

$	6,420

$ 1,186,859 302,800 $ 1,489,659

NOTE 7 – WATER, SEWER, AND EFFLUENT REUSE TRANSACTIONS

In accordance with the Utility Connection Collection and Reimbursement Agreement amounts advanced as connection fees in previous years are reduced by the portion of the connection fees collected from outside customers during the fiscal year. On June 18, 2013, the Developer, HD Associates, LP, transferred its rights under the Utility Connection Collection & Reimbursement Agreement to the Hammock Dunes Owners Association, Inc. (HDOA). The transfer provided that all potential payments made after April 1, 2013 under the Agreements were to be made to the HDOA. During the fiscal year ended September 30, 2016, HDOA received refunds of $31,320.

NOTE 8 – INTER-LOCAL AGREEMENTS

The District has entered into an Inter-local Agreement with the City of Palm Coast (“City”), Florida pertaining to the provision of utility services whereby the City shall supply and the District shall accept at the point of delivery up to a maximum daily volume of 2.6 million gallons per day of reclaimed water subject to the terms and conditions outlined in the agreement. The City and the District shall obtain, maintain and amend, at their own expense, all permits, consents, and approvals as required by law for performance of their respective obligations outlined in the Inter-local Agreement.

Whenever either the District or the City is confronted by an emergency water condition and desires to purchase available potable water from the other, the requesting party shall notify the selling party, in writing or by phone, and request that up to 0.5 million gallons per day of available potable water be transferred to the requesting party for a continuous period not to exceed 60 days. The selling party shall respond as soon as possible in an emergency condition or within twenty-four hours. The duration of the transfer may be extended by mutual agreement of the parties.

On December 19, 2011, the District entered into an Inter-local Agreement with Flagler County (“County”), whereby the District will make certain surplus bridge funds available to the County for community projects to be approved by the District. The community projects shall be within the boundaries of the District or directly adjacent to the District boundaries. The District agreed to provide an initial contribution of $1 million, of which $350,000 is to be used for certain improvements in the Hammock Dunes DRI. In addition, commencing on October 1, 2013 and ending on October 1, 2016, the District shall make available to the County $200,000 per year for mutually agreed upon beneficial community projects. During the prior fiscal year, the agreement was amended to allow each party, at their sole discretion, to allocate the specific allocation of one half of the total funds or community projects. As a result, during the prior fiscal years, the District completed a sidewalk construction and other projects that were applied to this commitment. During the current fiscal year, additional projects totaling $165,012 were completed and applied to this commitment. The restricted net position of $1,178 million at September 30, 2016 in the Intracoastal Waterway Bridge Fund relates to the remaining community projects.

23

NOTE 9 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2014 were as follows:

Fund			Transfer in		Transfer out		
General	$	173,000	$	-		
Bridge			-		93,000		
Water and sew er			-		80,000		
Total							
		$	173,000	$	173,000		

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the enterprise funds to the general fund were approved by the Board in the fiscal year 2016 budget to allocate surplus funds to offset the cost of general operations.

NOTE 10 – RETIREMENT PLAN

The District maintains a defined contribution plan for employees who meet a certain pay requirement. The District’s required contribution is 6% of the total salaries of qualified participants. Total salaries of qualified participants for the fiscal year ended September 30, 2016 were $967,422. Employer contributions for the period were approximately $56,049.

NOTE 11 – MANAGEMENT COMPANY

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

NOTE 12 – 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. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

The District is involved in various claims and litigation arising in the ordinary course of operations, none of which, in the opinion of the Board of Supervisors and District Manager, will have a material effect on the District’s financial position.

NOTE 13 – COMMITMENTS AND CONTINGENCIES

The District is involved in a lawsuit with a landowner relating the District’s right to collect certain water capacity charges. No adjustment has been made to the financial statements relating to this matter as the outcome of the case cannot be determined.

As of September 30, 2016, the District had commitment on open contracts for various capital and maintenance projects. The contracts totaled approximately $825,272, of which approximately $427,718 was uncompleted at September 30, 2016.

24

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016

								Variance		
		Budget						Favorable		
REVENUES	Original & Final			Actual	(Unfavorable)		
										
Maintenance assessments	$	167,000	$	161,231		$	(5,769)		
Interest income		-			1,095			1,095		
Total revenues		167,000			162,326			(4,674)		
EXPENDITURES										
Current										
General government		199,700			177,074			22,626		
Maintenance and operations		125,300			130,125			(4,825)		
Capital outlay		15,000			8,995			6,005		
Total expenditures		340,000			316,194			23,806		
Excess (deficiency) of revenues										
over (under) expenditures		(173,000)			(153,868)			19,132		
OTHER FINANCING SOURCES (USES)										
Transfer in		173,000			173,000			-		
Total other financing sources and (uses)		173,000			173,000			-		
Net change in fund balance	$	-			19,132		$	19,132		
Fund balance - beginning					175,711					
										
Fund balance - ending			$	194,843					

See notes to required supplementary information

25

DUNES COMMUNITY DEVELOPMENT DISTRICT

FLAGLER COUNTY, FLORIDA

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2016.

Actual general fund expenditures for the fiscal year ended September 30, 2016 were less than appropriations due primarily to anticipated costs which were not incurred.

26

2700 North Military Trail ▪ Suite 350 Boca Raton, Florida 33431

(561) 994-9299 ▪ (800) 299-4728 Fax (561) 994-5823 www.graucpa.com

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

To the Board of Supervisors
Dunes Community Development District
Flagler 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, business type activities and each major fund of Dunes Community Development District, Flagler County, Florida (“District”) as of and for the fiscal year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated January 25, 2017.

Internal Control Over Financial Reporting

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

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

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

Compliance and Other Matters

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

27

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.

January 25, 2017

28

2700 North Military Trail ▪ Suite 350 Boca Raton, Florida 33431

(561) 994-9299 ▪ (800) 299-4728 Fax (561) 994-5823 www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE

REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY

RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors

Dunes Community Development District
Flagler County, Florida

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

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

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

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Dunes Community Development District, Flagler County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

January 25, 2017

29

2700 North Military Trail ▪ Suite 350 Boca Raton, Florida 33431

(561) 994-9299 ▪ (800) 299-4728 Fax (561) 994-5823 www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF

THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Dunes Community Development District

Flagler County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Dunes Community Development District ("District") as of and for the fiscal year ended September 30, 2016, and have issued our report thereon dated January 25, 2017.

Auditor’s Responsibility

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

Other Reports and Schedule

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional Standards, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated January 25, 2017, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters described in Rule 10.550 as required by the Rules of the Auditor General of 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:

I.	Current year findings and recommendations.

II.  Status of prior year findings and recommendations.
III. 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 Dunes Community Development District, Flagler County, Florida and the Auditor General of the State of Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Dunes Community Development District, Flagler 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.

January 25, 2017

30

REPORT TO MANAGEMENT

I.	CURRENT YEAR FINDINGS AND RECOMMENDATIONS

	None

II.	PRIOR YEAR FINDINGS AND RECOMMENDATIONS

	None

III.	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:

	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:

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

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

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

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

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

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

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

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

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

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

31

G.

Veh. trips - 2 axle

Veh. trips - 3 axle

Veh. trips - 4 axle

Veh. trips - 5 axle

Total Vehicles

Less (prepaid trips) Cash Trips
% Cash to Prepaid trips

Prepaid $ value-est. Cash toll $ value Total est. trip $

% $ Rev. Cash to Prepaid

Est. per Trip $

DUNES COMMUNITY DEVELOPMENT DISTRICT

HAMMOCK DUNES TOLL BRIDGE

2016 - 2017 ESTIMATED PER TRIP TOLL RATE

JANUARY 2017 ONE-WAY

Oct 2016	Nov 2016	Dec 2016	Jan 2017	Feb 2017	Mar 2017	Apr 2017	May 2017	Jun 2017	Jul 2017	Aug 2017	Sep 2017	
121,974	133,323	134,535	135,713									
1,974	1,933	1,660	1,704									
1,150	1,055	941	1,077									
433	296	267	203									
125,531	136,607	137,403	138,697	0	0	0	0	0	0	0	0	
												
-89,811	-98,847	-98,933	-103,716									
35,720	37,760	38,470	34,981	0	0	0	0	0	0	0	0	
												
28%	28%	28%	25%	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	
44,277	48,732	48,675	51,028	0	0	0	0	0	0	0	0	
73,785	77,365	78,477	71,491									
118,062	126,097	127,152	122,519	0	0	0	0	0	0	0	0	
												
62%	61%	62%	58%	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!	
$0.940	$0.923	$0.925	$0.883	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	

Year to date

525,545

7,271

4,223

1,199

538,238

-391,307

146,931

27%

192,712

301,118

$493,829

61%

$0.917

Effective toll for 2 axle vehicles based on current month payments on Prepaid Accounts:

This rate times prepaid trips is used to derive monthly "Prepaid $ value-est"

Ppd. $ per trip	$0.493	$0.493	$0.492	$0.492									
Avg. $ per cash trip	$2.066	$2.049	$2.040	$2.044	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	
								
				## NOTE: Trip counts and tolls are actual for one-way collection system.				
												
				Insert new data in column or			Correction					
				space									

xc

$0.492

$2.049

2/1/17  ^

DUNES COMMUNITY DEVELOPMENT DISTRICT

HAMMOCK DUNES TOLL BRIDGE

2016-2017 TRAFFIC & REVENUE REPORT

JANUARY 2017 ONE-WAY

		TRAFFIC DATA				CASH RECEIPTS DATA				
	TOTAL##	AVERAGE##	% OF	% CHANGE		CASH	PREPAID	TOTAL	% OF	% CHANGE		
	VEHICLE	DAILY	BUDGET	TO PRIOR	TOLLS PAID	ACCOUNTS	CASH	BUDGET	TO PRIOR		
OCTOBER 2016	TRIPS	TRIPS	TRIP/DAY	YEAR	(FULL FARE)	CASH REC'D.	RECEIVED	REVENUE	YEAR		
	125,531	4,049	86.94%	-3.56%		$73,785.00	$50,379.50	$124,164.50	92.26%	-1.68%		
NOVEMBER 2016	136,607	4,554	97.77%	4.90%		$77,365.00	$48,737.50	$126,102.50	93.70%	-1.80%		
DECEMBER 2016	137,403	4,432	95.17%	5.51%		$78,477.00	$53,622.00	$132,099.00	98.15%	2.87%		
JANUARY 2017	138,697	4,474	96.06%	9.73%		$71,490.50	$56,785.50	$128,276.00	95.31%	12.09%		
FEBRUARY 2017												
MARCH 2017												
APRIL 2017												
MAY 2017												
JUNE 2017												
JULY 2017												
AUGUST 2017												
SEPTEMBER 2017												
YEAR TO DATE	538,238		93.96%			$301,117.50	$209,524.50	$510,642.00	94.86%			
		4,376		5.57%						5.73%		

## NOTE: Trip counts and tolls are actual for one-way collection system.

PREPAID ACCOUNT PAYMENT ANALYSIS:							##			
				LESS EST.			"BONUS"	TOTAL TOLL	BONUS $	EFFECTIVE	NUMBER OF		
			CHARGE	CH. CARD			DOLLARS	CREDIT	AS % OF	TOLL FOR	ACTIVE		
OCTOBER 2016	CASH	CARDS	DISCOUNT	TOTAL	ADDED	ISSUED	PAYMENT	2 AXLES	ACCOUNTS		
	$12,603.00	$37,776.50	($1,606.00)	$48,773.50		$149,614.00	$199,993.50	306.75%	$0.493	18,022		
NOVEMBER 2016	$9,281.00	$39,456.50	($1,677.00)	$47,060.50		$144,258.00	$192,995.50	306.54%	$0.493	18,166		
DECEMBER 2016	$12,213.00	$41,409.00	($1,760.00)	$51,862.00		$159,324.00	$212,946.00	307.21%	$0.492	18,307		
JANUARY 2017	$13,201.00	$43,584.50	($1,852.00)	$54,933.50		$169,196.00	$225,981.50	308.00%	$0.491	18,508		
FEBRUARY 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
MARCH 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
APRIL 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
MAY 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
JUNE 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
JULY 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
AUGUST 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
SEPTEMBER 2017			$0.00	$0.00			$0.00	#DIV/0!	#DIV/0!			
YEAR TO DATE	$47,298.00	$162,226.50	($6,895.00)	$202,629.50		$622,392.00	$831,916.50	307.16%	$0.492	18,508		

		TOTAL	AVERAGE	% OF	% CHANGE	CASH	PREPAID	TOTAL				
		VEHICLE	DAILY	BUDGET	TO PRIOR	TOLLS PAID	ACCOUNTS	CASH	Insert new data in column or		
2016 - 2017		TRIPS	TRIPS	TRIP/DAY	YEAR	(FULL FARE)	CASH REC'D.	RECEIVED	space			
BUDGET REVENUE		$1,615,000											
MONTH BUDGET	$134,583								Insert prior year's data in		
ANNUAL TRIPS	1,700,000								column or space		
DAILY TRIPS	4,658											
										Correction			
Jan-16		126,398	4,077	92	3.37%		$67,882.00	$46,556.00	$114,438.00				

2/1/17 Tollrept-Jan 2016-17 one-way.xls

TRAFFIC COMPARISON YEAR/YEAR STARTING 2016

			2015-2016		2016-2017			2017-2018			2018-2019				2019-2020				
		TOTAL##	AVERAGE##	TOTAL##	AVERAGE##	% INCREASE	TOTAL##	AVERAGE##	% INCREASE	TOTAL##	AVERAGE##		% INCREASE	TOTAL##	AVERAGE##		% INCREASE		
		VEHICLE	DAILY	VEHICLE	DAILY	OR DECREASE	VEHICLE	DAILY	OR DECREASE	VEHICLE	DAILY		OR DECREASE	VEHICLE	DAILY		OR DECREASE		
OCTOBER		TRIPS	TRIPS	TRIPS	TRIPS	MAX MONTH	TRIPS	TRIPS	MAX MONTH	TRIPS	TRIPS		MAX MONTH	TRIPS	TRIPS		MAX MONTH		
		130,160	4,199	125,531	4,049	-3.56%			0.00%										
NOVEMBER	123,076	4,103	136,607	4,554	10.99%			0.00%										
DECEMBER	130,222	4,201	137,403	4,432	5.51%			0.00%										
JANUARY	126,398	4,077	138,697	4,474	9.73%			0.00%										
FEBRUARY	134,218	4,628			-100.00%			0.00%										
MARCH	162,643	5,247			-100.00%			0.00%										
APRIL	149,731	4,991			-100.00%			0.00%										
MAY	149,118	4,810			-100.00%			0.00%										
JUNE	142,852	4,762			-100.00%			0.00%										
JULY	154,327	4,978			-100.00%			0.00%										
AUGUST	137,834	4,446			-100.00%			0.00%										
SEPTEMBER	128,440	4,281			-100.00%			0.00%										
YEAR TO DATE	1,669,019	4,560	538,238	5,850	22.05%	0	0		0		0		0		0			

			2020-2021		2021-2022				2022-2023				2023-2024				2024-2025				
		TOTAL##	AVERAGE##	TOTAL##	AVERAGE##		% INCREASE	TOTAL##	AVERAGE##		% INCREASE	TOTAL##	AVERAGE##		% INCREASE	TOTAL##	AVERAGE##		% INCREASE		
		VEHICLE	DAILY	VEHICLE	DAILY		OR DECREASE	VEHICLE	DAILY		OR DECREASE	VEHICLE	DAILY		OR DECREASE	VEHICLE	DAILY		OR DECREASE		
OCTOBER		TRIPS	TRIPS	TRIPS	TRIPS		MAX MONTH	TRIPS	TRIPS		MAX MONTH	TRIPS	TRIPS		MAX MONTH	TRIPS	TRIPS		MAX MONTH		
																					
NOVEMBER																				
DECEMBER																				
JANUARY																				
FEBRUARY																				
MARCH																				
APRIL																				
MAY																				
JUNE																				
JULY																				
AUGUST																				
SEPTEMBER					0															
YEAR TO DATE	0	0	0		0		0		0		0		0		0		0			

MAXIMUM MONTH																				

Traffic Count Year-Year Starting 2016.xlsx

H.

Dunes

Community Development District

Unaudited Financial Statements

as of

December 31, 2016

Board of Supervisors Meeting

February 10, 2017

Dunes Community Development District

BALANCE SHEET			
December 31, 2016			
	Major Fund		
	General		
ASSETS:			
Cash	$99,570		
Assessments Receivable	$21,191		
Due from other Funds	$16,171		
Investments	$117,102		
TOTAL ASSETS			
	$254,035		
LIABILITIES AND FUND BALANCES:			
			
Liabilities:			
Accounts Payable	$8,073		
TOTAL LIABILITIES	$8,073		
Fund Balances:			
Assigned:			
Current year's expenditures	$46,691		
Unassigned	$199,271		
TOTAL FUND BALANCES	$245,962		
TOTAL LIABILITIES & FUND BALANCE			
	$254,035		

Page 1

DUNES COMMUNITY DEVELOPMENT DISTRICT

General Fund

Statement of Revenues, Expenditures, and Changes in Fund Balance

For the Period Ending December 31, 2016

		GENERAL	PRORATED BUDGET	ACTUAL		
EXPENSE CODE	DESCRIPTION	FUND BUDGET	THRU 12/31/16	THRU 12/31/16	VARIANCE	
REVENUES:						
001.300.31900.10000	Maintenance Taxes	$167,000	$129,599	$129,599	$0	
001.300.36100.11000	Interest Income	$0	$0	$342	$342	
						
TOTAL REVENUES		$167,000	$129,599	$129,940	$342	
EXPENDITURES:						
Administrative						
001.310.51300.11000	Supervisor Fees	$14,000	$3,500	$1,600	$1,900	
001.310.51300.21000	FICA Expense	$1,071	$268	$122	$145	
001.310.51300.31100	Engineering	$5,000	$1,250	$0	$1,250	
001.310.51300.31500	Attorney	$10,000	$2,500	$73	$2,427	
001.310.51300.32000	Collection Fees/Payment Discount	$12,000	$7,458	$7,458	$0	
001.310.51300.32200	Annual Audit	$4,000	$1,200	$1,200	$0	
001.310.51300.34000	Management Fees	$10,000	$2,500	$2,500	$0	
001.310.51300.35100	Computer Time	$1,000	$250	$250	$0	
001.310.51300.40000	Travel Expenses	$2,400	$600	$0	$600	
001.310.51300.42000	Postage & Express Mail	$3,000	$750	$500	$250	
001.310.51300.42500	Printing	$2,000	$500	$290	$211	
001.310.51300.45000	Insurance	$12,000	$10,912	$10,912	$0	
001.310.51300.48000	Advertising Legal & Other	$1,500	$375	$166	$209	
001.310.51300.49000	Bank Charges	$500	$125	$172	($47)	
001.310.51300.49100	Contingencies	$4,000	$1,000	$0	$1,000	
001.310.51300.51000	Office Supplies	$2,000	$500	$28	$472	
001.310.51300.54000	Dues, Licenses & Subscriptions	$2,000	$500	$175	$325	
001.320.53800.12000	Salaries	$103,814	$23,957	$23,276	$682	
001.320.53800.21000	FICA Taxes	$8,895	$2,053	$2,591	($538)	
001.320.53800.22000	Pension Expense	$6,229	$1,557	$1,365	$193	
001.320.53800.23000	Health Insurance Benefits	$14,382	$3,596	$3,417	$178	
001.320.53800.24000	Workers Comp Insurance	$1,600	$400	$0	$400	
						
TOTAL ADMINISTRATIVE		$221,391	$65,750	$56,094	$9,656	
General System Maintenance					
001.320.53800.43000	Electric (7 Aerators)	$15,000	$3,750	$2,938	$812	
001.320.53800.46500	Lake Maintenance	$26,000	$6,500	$3,135	$3,365	
001.320.53800.46200	Landscaping	$24,000	$6,000	$5,454	$546	
001.320.53800.52100	Grass Carp	$3,000	$750	$0	$750	
001.320.53800.46700	Storm Drain System Maintenance	$40,000	$10,000	$6,200	$3,800	
001.320.53800.46000	Building Maintenance	$15,000	$3,750	$2,922	$828	
001.320.53800.46300	Tree & Shrub Removal	$10,000	$2,500	$0	$2,500	
001.320.53800.49200	R&M-Floating Fountains	$10,300	$2,575	$2,078	$497	
001.320.53800.49300	R&R-Equipment	$5,000	$1,250	$0	$1,250	
001.320.53800.64000	Capital Improvements	$17,000	$4,250	$0	$4,250	
					
TOTAL GENERAL SYSTEM MAINTENANCE	$165,300	$41,325	$22,727	$18,598	
						
TOTAL EXPENDITURES		$386,691	$107,075	$78,821	$28,254	
Other Sources and Uses						
001.300.58100.10000	Interfund Transfer	$173,000	$43,250	$0	$43,250	
					
TOTAL OTHER SOURCES AND USES	$173,000	$43,250	$0	$43,250	
						
EXCESS REVENUES		($46,691)		$51,119		
					
FUND BALANCE - BEGINNING	$46,691		$194,842		
					
FUND BALANCE - ENDING	$0		$245,962		

Page 2

DUNES COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF NET POSITION - PROPRIETARY FUNDS

December 31, 2016

	Major Funds				
	Water, Sewer and		Intracoastal				
	Effluent Reuse		Waterway Bridge				
	Enterprise Fund		Enterprise Fund		Total		
ASSETS:							
Current Assets:							
Cash and Cash Equivalents:							
Cash - Operating Account	$485,708	$152,929	$638,637		
Cash - On Hand	---	$2,500	$2,500		
Petty Cash	---	$1,523	$1,523		
Investments:							
State Board - Surplus Funds	$9,840,555	$9,645,999	$19,486,554		
State Board - Community Projects	---	$1,384,116	$1,384,116		
Receivables							
Utility Billing	$282,876	---	$282,876		
Due from Other Funds	---	$1,598	$1,598		
Noncurrent Assets:							
Prepaids	$245	$23,367	$23,612		
Deposits	$1,000	---	$1,000		
Capital Assets:							
Land	$875,488	$85,000	$960,488		
Plant-Expansion (Net)	$5,902,693	---	$5,902,693		
Maintenance Building (Net)	$55,697	---	$55,697		
Equipment (Net)	$153,039	$34,932	$187,971		
Roadways (Net)	---	$1,729,096	$1,729,096		
Bridge Facility (Net)	---	$5,207,805	$5,207,805		
Improvements Other than Buildings (Net)	$17,373,977	---	$17,373,977		
Meters in the Field/Inventory (Net)	$1	---	$1		
Construction in Progress	$78,839	$156,545	$235,385		
TOTAL ASSETS	$35,050,119		$18,425,411		$53,475,530		
LIABILITIES:							
							
Current Liabilities:							
Accounts Payable	$66,380	$7,914	$74,294		
Retainage Payable	---	---	$0		
Due to Other Funds	$1,679	$16,091	$17,769		
Noncurrent Liabilities:							
Utility Deposits	$1,347	---	$1,347		
Customer Refunds Due	$3,350	---	$3,350		
Prepaid Connection Fees	$849,673	---	$849,673		
Deferred Toll Revenue	---		$2,038,240		$2,038,240		
TOTAL LIABILITIES	$922,429	$2,062,245	$2,984,673		
NET POSITION							
Net Invested in Capital Assets	$24,360,894	$5,327,738	$29,688,631		
Restricted for Community Projects (1)	---	$1,543,226	$1,543,226		
Unrestricted	$9,766,797		$9,492,202		$19,258,999		
TOTAL NET POSITION	$34,127,690		$16,363,166		$50,490,856		

(1) Bridge Interlocal Agreement with County.

Page 3

DUNES COMMUNITY DEVELOPMENT DISTRICT

Water and Sewer Fund-Proprietary Fund

Statement of Revenues, Expenses and Changes in Net Position

For the Period Ending December 31, 2016

		WATER/SEWER	PRORATED BUDGET	ACTUAL		
EXPENDITURE CODE	DESCRIPTION	FUND BUDGET	THRU 12/31/16	THRU 12/31/16	VARIANCE	
OPERATNG REVENUES:						
041.300.34300.30000	Water Revenue	$994,666	$248,667	$221,152	($27,514)	
041.300.34300.50000	Sewer Revenue	$882,985	$220,746	$181,281	($39,465)	
041.300.34300.76000	Irrigation/Effluent	$1,096,489	$274,122	$290,470	$16,348	
041.300.34300.10000	Meter Fees	$20,000	$5,000	$7,100	$2,100	
041.300.34300.10100	Connection Fees - W, S & I (75 units)	$36,000	$9,000	$4,500	($4,500)	
041.300.36900.10000	CPC Effluent Agreement	$40	$10	$0	($10)	
041.300.34900.10200	Backflow Preventor/Misc.	$100	$25	$385	$360	
041.300.36900.10000	Misc. Income / Penalty	$15,000	$3,750	$1,977	($1,773)	
					
TOTAL OPERATING REVENUES	$3,045,280	$761,320	$706,866	($54,454)	
OPERATING EXPENSES						
Administrative						
041.310.51300.31100	Engineering	$50,000	$12,500	$0	$12,500	
041.310.51300.31500	Attorney	$35,000	$8,750	$5,925	$2,825	
041.310.51300.32200	Annual Audit	$9,000	$2,700	$2,700	$0	
041.310.51300.34000	Management Fees	$19,000	$4,750	$4,750	$0	
041.310.51300.40000	Travel Expenses	$15,000	$3,750	$2,548	$1,202	
041.310.51300.42000	Postage & Express Mail	$6,000	$1,500	$1,422	$78	
041.310.51300.42500	Printing & Mailing Utility Bills	$17,500	$4,375	$2,521	$1,854	
041.310.51300.48000	Advertising Legal & Other	$2,500	$625	$0	$625	
041.310.51300.49000	Bank Charges	$9,000	$2,250	$2,644	($394)	
041.310.51300.49100	Contingencies	$20,000	$5,000	$3,653	$1,347	
041.310.51300.51000	Office Supplies and Equipment	$15,000	$3,750	$3,880	($130)	
041.310.51300.54000	Dues, Licenses & Subscriptions	$6,000	$1,500	$3,114	($1,614)	
041.310.51300.54200	Permits Fees WTP & WWTP	$15,000	$3,750	$4,600	($850)	
041.310.51300.55000	Land Leases & Easement Fees	$12,000	$3,000	$0	$3,000	
041.310.53600.12000	Salaries	$707,093	$163,175	$163,982	($806)	
041.310.53600.21000	FICA Taxes	$59,017	$13,619	$17,607	($3,988)	
041.310.53600.22000	Pension Plan	$32,183	$8,046	$7,357	$689	
041.310.53600.23000	Insurance Benefits (Medical)	$172,781	$43,195	$41,425	$1,770	
041.310.53600.24000	Workers Compensation Insurance	$14,400	$3,600	$0	$3,600	
041.310.53600.25000	Unemployment Benefits	$5,000	$1,250	$0	$1,250	
041.310.53600.32480	Bad Debt Expense	$0	$0	$29	($29)	
041.310.53600.41000	Telephone	$17,000	$4,250	$3,853	$397	
041.310.53600.44000	Equipment Rentals & Leases	$4,000	$1,000	$926	$74	
041.310.53600.45000	Insurance	$78,000	$71,527	$71,527	$0	
041.310.53600.46100	Repair and Maintenance for Vehicles	$8,000	$2,000	$1,139	$861	
041.310.53600.52000	Supplies/Equipment General	$4,000	$1,000	$1,841	($841)	
041.310.53600.52010	Tools	$3,000	$750	$350	$400	
041.310.53600.52055	Uniforms/Supplies/Services	$7,000	$5,697	$5,697	$0	
041.310.53600.52100	Fuel for Vehicles	$8,000	$2,000	$1,659	$341	
041.310.53600.54100	Training & Travel Expenses	$8,000	$2,000	$1,713	$287	
					
TOTAL ADMINISTRATIVE	$1,358,474	$381,309	$356,862	$24,447	

Page 4

DUNES COMMUNITY DEVELOPMENT DISTRICT

Water and Sewer Fund-Proprietary Fund

Statement of Revenues, Expenses and Changes in Net Position

For the Period Ending December 31, 2016

		WATER/SEWER	PRORATED BUDGET	ACTUAL		
EXPENDITURE CODE	DESCRIPTION	FUND BUDGET	THRU 12/31/16	THRU 12/31/16	VARIANCE	
Water System						
041.320.53600.34800	Water Quality Testing	$20,000	$5,000	$5,646	($646)	
041.320.53600.43000	Electric	$100,000	$25,000	$27,385	($2,385)	
041.320.53600.43100	Bulk Water Purchases	$20,000	$5,000	$7	$4,993	
041.320.53600.44000	Equipment Rentals & Leases	$1,000	$250	$0	$250	
041.320.53600.46000	Plant Maintenance Repair and Equipment	$65,000	$16,250	$26,803	($10,553)	
041.320.53600.46050	Distribution System Maintenance Repair and Equipment	$20,000	$5,000	$3,123	$1,877	
041.320.53600.52000	Plant Operating Supplies	$15,000	$3,750	$3,183	$567	
041.320.53600.52200	Chlorine & Other Chemicals	$160,000	$40,000	$36,347	$3,653	
041.320.53600.61000	Meters New & Replacement	$15,000	$3,750	$0	$3,750	
						
TOTAL WATER SYSTEM		$416,000	$104,000	$102,494	$1,506	
Sewer System						
041.330.53600.34800	Water Quality Testing	$20,000	$5,000	$2,933	$2,067	
041.330.53600.34900	Sludge Disposal	$15,000	$3,750	$1,900	$1,850	
041.330.53600.43000	Electric	$50,000	$12,500	$9,072	$3,428	
041.330.53600.44000	Equipment Rentals & Leases	$3,000	$750	$0	$750	
041.330.53600.46000	Plant Maintenance Repair and Equipment	$50,000	$12,500	$6,633	$5,868	
041.330.53600.46050	Collection System Maintenance Repair and Equipment	$20,000	$5,000	$1,651	$3,349	
041.330.53600.46075	Lift Station Repair and Maintenance	$35,000	$8,750	$17,488	($8,738)	
041.330.53600.52000	Plant Operating Supplies	$15,000	$3,750	$1,956	$1,794	
041.330.53600.52200	Chlorine & Other Chemicals	$35,000	$8,750	$3,787	$4,963	
						
TOTAL SEWER SYSTEM		$243,000	$60,750	$45,418	$15,332	
Irrigation System						
041.340.53600.34800	Water Quality Testing	$5,000	$1,250	$0	$1,250	
041.340.53600.43000	Electric	$36,000	$9,000	$27,366	($18,366)	
041.340.53600.43300	Effluent (Reclaimed Water) Purchases	$135,000	$33,750	$30,574	$3,176	
041.340.53600.44000	Equipment Rentals & Leases	$1,000	$250	$1,012	($762)	
041.340.53600.46000	Plant Maintenance Repair and Equipment	$40,000	$10,000	$8,878	$1,122	
041.340.53600.46050	Distribution System Maintenance Repair/Equip.	$20,000	$5,000	$98	$4,902	
041.340.53600.61000	Meters New & Replacement	$10,000	$2,500	$0	$2,500	
					
TOTAL IRRIGATION SYSTEM	$247,000	$61,750	$67,928	($6,178)	
Contribution to Reserves						
041.310.51300.63100	Renewal and Replacement	$200,000	$50,000	$14,806	$35,194	
					
TOTAL CONTRIBUTIONS TO RESERVES	$200,000	$50,000	$14,806	$35,194	
					
TOTAL OPERATING EXPENSES	$2,464,474	$657,809	$587,508	$70,301	
					
OPERATING INCOME (LOSS)	$580,806		$119,358		
NON OPERATING REVENUE (EXPENSES)					
041.300.36900.10200	Non Operating Revenue - Capital Expansion	$2,636,604	$659,151	$0	($659,151)	
041.300.22300.10000	Connection Fees - W/S	($28,000)	($7,000)	$0	$7,000	
041.300.36100.10000	Interest Income	$40,000	$10,000	$21,532	$11,532	
041.310.51300.64000	Capital Improvements	($3,149,410)	($787,353)	($27,448)	$759,905	
041.300.58100.10000	Contribution to General Fund	($80,000)	($20,000)	$0	($20,000)	
					
TOTAL NON OPERATING REVENUE (EXPENSES)	($580,806)	($145,202)	($5,916)	$99,286	
CHANGE IN NET POSITION	$0		$113,442		
					
RETAINED EARNINGS-BEGINNING	$0		$28,156,743		
					
RETAINED EARNINGS-ENDING	$0		$28,270,184		

Page 5

DUNES COMMUNITY DEVELOPMENT DISTRICT

Bridge Fund - Proprietary Fund

Statement of Revenues, Expenses and Changes in Net Position

For the Period Ending December 31, 2016

		BRIDGE	PRORATED BUDGET	ACTUAL		
EXPENSE CODE	DESCRIPTION	FUND BUDGET	THRU 12/31/16	THRU 12/31/16	VARIANCE	
OPERATING REVENUES:						
042.300.34900.10000	Toll Collections/Book Sales	$1,615,000	$403,750	$382,062	($21,689)	
042.300.36900.10000	Miscellaneous Income	$5,000	$1,250	$12,000	$10,750	
					
TOTAL OPERATING REVENUES	$1,620,000	$405,000	$394,061	($10,939)	
OPERATING EXPENSES						
Administrative						
042.310.51300.31100	Engineering	$5,000	$1,250	$300	$950	
042.310.51300.31500	Attorney	$10,000	$2,500	$0	$2,500	
042.310.51300.32200	Annual Audit	$7,000	$2,100	$2,100	$0	
042.310.51300.34000	Management Fees	$17,000	$4,250	$4,250	($0)	
042.310.51300.49000	Bank Charges	$4,000	$1,000	$931	$69	
042.310.51300.49100	Contingencies	$5,000	$1,250	$397	$853	
						
TOTAL ADMINISTRATIVE		$48,000	$12,350	$7,978	$4,372	
Toll Facility						
042.320.54900.12000	Salaries	$327,741	$75,633	$78,739	($3,106)	
042.320.54900.15000	Special Pay	$11,620	$1,900	$1,900	$0	
042.320.54900.21000	FICA Taxes	$28,054	$6,474	$8,075	($1,601)	
042.320.54900.22000	Pension Plan	$13,680	$3,420	$2,998	$422	
042.320.54900.23000	Insurance Benefits (Medical)	$84,630	$21,158	$19,307	$1,851	
042.320.54900.24000	Workers Compensation Insurance	$8,160	$2,040	$0	$2,040	
042.320.54900.34500	Payroll Processing Fee	$6,500	$1,625	$1,953	($328)	
042.320.54900.34600	Credit Card Processing Fee	$15,000	$3,750	$4,437	($687)	
042.320.54900.40000	Travel Expenses	$1,000	$250	$0	$250	
042.320.54900.41000	Telephone	$5,000	$1,250	$1,851	($601)	
042.320.54900.42500	Printing	$3,500	$875	$0	$875	
042.320.54900.43000	Utility Services	$13,000	$3,250	$3,466	($216)	
042.320.54900.45000	Insurance	$60,000	$54,558	$54,558	$0	
042.320.54900.46000	Repairs & Maintenance	$50,000	$12,500	$10,180	$2,320	
042.320.54900.46002	Repairs & Maintenance-Parkway	$120,000	$30,000	$42,511	($12,511)	
042.320.54900.46100	DOT mandated Bridge Inspection (Required in 2017)	$19,000	$4,750	$0	$4,750	
042.320.54900.51000	Office Supplies	$3,000	$750	$456	$294	
042.320.54900.52000	Operating Supplies	$15,000	$3,750	$2,405	$1,345	
042.320.54900.34300	Contractual Support	$12,000	$3,000	$2,733	$267	
						
TOTAL TOLL FACILITY		$796,885	$230,933	$235,568	($4,635)	
Maintenance Reserves & Community Projects					
042.320.54900.65000	Maintenance Reserves	$85,169	$21,292	$0	$21,292	
042.320.54900.64000	Community Projects Transfer from Surplus Revenues	$200,000	$50,000	$61,182	($11,182)	
042.310.51300.60002	Parkway Capital Expenditures	$250,000	$62,500	$0	$62,500	
					
TOTAL MAINTENANCE RESERVES & COMMUNITY PROJECTS	$535,169	$133,792	$61,182	$72,610	
					
TOTAL OPERATING EXPENSES	$1,380,054	$377,075	$304,728	$72,346	
					
OPERATING INCOME (LOSS)	$239,946		$89,333		
NON OPERATING REVENUE (EXPENSES)					
042.300.36100.11000	Interest Income	$20,000	$5,000	$24,070	$19,070	
042.320.54900.64000	Capital Improvements	($180,000)	($45,000)	$0	($45,000)	
042.300.38100.10000	Transfer to General Fund	($93,000)	($23,250)	$0	($23,250)	
042.300.38100.10000	Transfer from Surplus Funds	$13,054	$3,264	$0	$3,264	
					
TOTAL NON OPERATING REVENUE (EXPENSES)	($239,946)	($59,986)	$24,070	($45,917)	
CHANGE IN NET POSITION	$0		$113,403		
					
RETAINED EARNINGS-BEGINNING	$0		$15,572,262		
					
RETAINED EARNINGS-ENDING	$0		$15,685,665		

Page 6

I.

DUNES

COMMUNITY DEVELOPMENT DISTRICT

BRIDGE FUND

1. Recap of Community Projects Fund Activity Through December 31, 2016

Opening Balance in Community Projects Account	$0.00		
Source of Funds:	Interest Earned	$14,096.32		
	Community Project Fund Receipts	$1,800,000.00		
Use of Funds:					
Disbursements:	Sidewalk Project	($112,684.56)		
	Median Landscape Improvements	($43,658.00)		
	Ocean Rescue Equipment & Storage Project	($100,432.17)		
	HDP Safety, Street Lighting, Traffic Signs	($172,164.02)		
	Professional Fees	$0.00		
Adjusted Balance in Construction Account at December 31, 2016				
	$1,385,157.57		
2. Funds Available For Construction at December 31, 2016				
				
Book Balance of Construction Fund at December 31, 2016	$1,385,157.57			

A.	S.E. Cline Construction, Inc. - Sidewalk Project

Contract Amount	$98,008.36					
Paid to Date	($98,008.36)					
Balance on Contract	$0.00		$0.00			
Construction Funds available at December 31, 2016		$1,385,157.57			
3. Investments - SBA							
							
December 31, 2016	Type	Yield	Due	Maturity	Principal		
Construction Fund:	Overnight	0.90%		$1,384,029.50	$1,384,029.50		

ADJ: Deposits in Transit	$0.00	
ADJ: Outstanding Requisitions	$1,128.07	
Balance at 12/31/16	$1,385,157.57	

J.

Dunes CDD

Special Assessment Receipts

Fiscal Year Ending September 30, 2017

											$167,000.00		$167,000.00		
Date	Gross Assessments		Discounts/	Commissions		Net Amount			General Fund		Total		
Received		Received		Penalties		Paid		Received			100%		100%		
11/23/2016	$	43,875.26	$	1,755.01	$	842.41	$	41,277.85		$	41,277.85	$	41,277.85		
11/30/2016	$	63,876.98	$	2,555.08	$	1,226.44	$	60,095.46		$	60,095.46	$	60,095.46		
12/21/2016	$	15,886.05	$	476.58	$	308.19	$	15,101.28		$	15,101.28	$	15,101.28		
12/31/2016	$	5,960.64	$	178.82	$	115.64	$	5,666.18		$	5,666.18	$	5,666.18		
															
	$	129,598.93	$	4,965.49	$	2,492.67	$	122,140.77		$	122,140.77	$	122,140.77		
Percent Collected		77.60%													

K.

Dunes

Community Development District

Check Run Summary

	December 31, 2016		
Fund	Check Numbers	Amount	
General Fund	5671-5681	$8,026.00	
Water and Sewer	13030-13088	$94,796.82	
Bridge Fund	5876-5912	$121,300.42	
Total		$224,123.24	

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	1		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - GENERAL FUND						
				BANK F DUNES - GENERAL FUND						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/09/16 00218	12/01/16 3677	201612	320-53800-46000		*	160.00				
	BASIC PEST CONTROL SVC	ABOVE THE REST PEST CONTROL			160.00 005671		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00014  10/06/16 38232	201610 310-51300-54000	*	175.00	
SPECIAL	DISTRICT FEE			
	DEPARTMENT OF ECONOMIC OPPORTUNITY		175.00 005672	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00020  11/29/16 07558-84	201611 320-53800-43000	*	7.95	
SERVICE	THRU 10/28-11/29			
11/29/16 22797-22	201611 320-53800-43000	*	192.56	
SERVICE	THRU 10/28-11/29			
11/29/16 39447-00	201611 320-53800-43000	*	218.97	
SERVICE	THRU 10/28-11/29			
11/29/16 41566-03	201611 320-53800-43000	*	153.67	
SERVICE	THRU 10/28-11/29			
11/29/16 65021-74	201611 320-53800-43000	*	515.49	
SERVICE	THRU 10/28-11/29			
	FLORIDA POWER & LIGHT CO.		1,088.64 005673	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00109  12/02/16 412	201612 310-51300-34000	*	833.33		
MANAGEMENT FEES				
12/02/16 412	201612 310-51300-35100	*	83.33		
COMPUTER TIME				
12/02/16 412	201612 310-51300-51000	*	2.50		
OFFICE SUPPLIES				
12/02/16 412	201612 310-51300-42000	*	44.85		
POSTAGE					
12/02/16 412	201612 310-51300-42500	*	118.05		
COPIES	GOVERNMENTAL MANAGEMENT SERVICES		1,082.06 005674		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00024  11/23/16 1-112320 201611 310-51300-32000	*	842.41	
COMMISSIONS			
SUZANNE JOHNSTON		842.41 005675	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00139  12/05/16 1276	201612 320-53800-46200	*	1,800.00	
LAWN MAINTENANCE- DEC 16			
	ALL AMERICAN MAINTENANCE		1,800.00 005676	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00109  10/03/16 406	201610 310-51300-34000	*	833.33	
MANAGEMENT FEES			
10/03/16 406	201610 310-51300-35100	*	83.33	
COMPUTER TIME			
10/03/16 406	201610 310-51300-51000	*	25.18	
OFFICE SUPPLIES			

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	2		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - GENERAL FUND						
				BANK F DUNES - GENERAL FUND						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
	10/03/16	406	201610 310-51300-42000		*	54.71				
		POSTAGE									
	10/03/16	406	201610 310-51300-42500		*	142.80				
		COPIES									
	10/03/16	406	201610 310-51300-41000		*	35.46				
		TELEPHONE	GOVERNMENTAL MANAGEMENT SERVICES			1,174.81 005677		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00014  10/03/16 38232	201612 310-51300-49000	*	25.00	
FY 17 ANNUAL DISTRICT FEE			
	DEPARTMENT OF ECONOMIC OPPORTUNITY		25.00 005678	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00230  12/18/16 1808	201612 320-53800-46000	*	427.54	
RPLC 2 CANTILEVER WHEELS			
	ADVANCED ACCESS SOLUTIONS, LLC		427.54 005679	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00004  12/07/16 2222833  201612 310-51300-48000	*	24.10	
NOTICE OF MTG 12/07/2016			
DAYTONA NEWS-JOURNAL		24.10 005680	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00024  11/30/16 11302016 201611 310-51300-32000	*	1,226.44	
COMMISSIONS			
SUZANNE JOHNSTON		1,226.44 005681	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TOTAL	FOR	BANK F	8,026.00	
TOTAL	FOR	REGISTER	8,026.00	

DUNE -DUNES - SROSINA

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	1		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
				BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/09/16 01115	11/17/16 4473	201611	310-53600-52000		*	538.00				
	CRUSHED CONCRETE	ACET RECYCLING			538.00 013030		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00613  11/30/16	339974	201611 320-53600-34800	*	286.25	
	WWTP WATER	TESTING			
11/30/16	339975	201611 330-53600-34800	*	781.00	
	WWTP WATER	TESTING			
			ADVANCED ENVIRONMENTAL LABORATORIES		1,067.25 013031	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 01116  12/06/16 12062016 201612 300-34300-30000	*	25.55	
REFUND CREDIT BAL ON ACCT			
MARK ALLEMAN		25.55 013032	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00997  11/23/16 01889348 201611 320-53600-52200	*	428.26	
RESTAURANT LIQ BULK			
ARC3 GASES		428.26 013033	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00988  11/19/16 32046043	201611 310-53600-41000	*	436.19	
SERVICE	THRU 11/19/2016			
	AT&T		436.19 013034	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00305  11/25/16 12259839	201611 320-53600-43100	*	2.33	
ACCT NO. 309318-19458			
11/25/16 12263506	201611 340-53600-43300	*	12,565.05	
ACCT NO. 324042-36854			
11/25/16 12267677	201611 340-53600-43000	*	110.96	
ACCT NO. 7439-77870			
	CITY OF PALM COAST		12,678.34 013035	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00380  12/06/16 12062016 201612	310-51300-42000	*	500.00		
REFILL POSTAGE	CMRS-FP		500.00 013036		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00621  12/02/16 43020	201612 310-51300-51000	*	101.78		
SUPPLIES	COASTAL SUPPLIES		101.78 013037		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00180  11/25/16 1886-112	201612 310-53600-44000	*	37.02	
SERVICE	THRU 01/07/17			
	DISH NETWORK		37.02 013038	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00047  11/22/16 56194230 201611 310-51300-42000	*	45.85	
DELIVERIES THRU 11/22/16			
FEDEX		45.85 013039	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	2		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
				BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/09/16 00618	12/01/16 26253	201612	310-51300-54200		*	4,600.00				
	CONCENTRATE-FL0355259	FLORIDA DEPARTMENT OF ENVIRONMENTAL			4,600.00 013040		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00013  11/22/16 04682-11	201611	330-53600-43000	*	48.40	
34 ISLANDS ESTATES #PUMP			
11/22/16 49253-11	201611	330-53600-43000	*	11.43	
172 ISLANDS ESTATES #LIFT			
11/22/16 90108-11	201611	330-53600-43000	*	8.77	
3809 N OCEANSHORE BLVD			
11/22/16 90294-11	201611	330-53600-43000	*	19.33	
128 ISLAND ESTATES #LIFT			
11/22/16 91016-11	201611	330-53600-43000	*	18.62	
84 ISLANDS ESTATES #LIFT			
11/29/16 00180-11	201611	330-53600-43000	*	23.34	
200 NORTHSHORE	AVE #LS			
11/29/16 01669-11	201611	330-53600-43000	*	122.23	
200 CAMINO DEL	REY #PUMP			
11/29/16 06441-11	201611	330-53600-43000	*	156.67	
5 OCEAN	CREST WAY #LS			
11/29/16 06618-11	201611	330-53600-43000	*	40.21	
202 CAMINO DEL	MAR #B PMP			
11/29/16 06682-11	201611	330-53600-43000	*	9.59	
10 GRANADA DR #BPUMP			
11/29/16 09639-11	201611	330-53600-43000	*	15.60	
20 GRANADA DR #BPUMP			
11/29/16 09681-11	201611	330-53600-43000	*	46.58	
400 CAMINO DEL	REY #PUMP			
11/29/16 10476-11	201611	330-53600-43000	*	11.13	
6 YACHT	HARBOR	DR #LS			
11/29/16 13564-11	201611	340-53600-43000	*	7.95	
200 CAMINO DEL	REY #PUMP2			
11/29/16 31053-11	201611	330-53600-43000	*	10.42	
18 RUE GRANDE MER #LIFT			
11/29/16 35422-11	201611	340-53600-43000	*	4,358.28	
101 JUNGLE HUT	RD #PUMP			
11/29/16 38339-11	201611	320-53600-43000	*	9,706.67	
101 JUNGLE HUT	RD #WTR PL			
11/29/16 41474-11	201611	330-53600-43000	*	19.25	
209 YACHT HARBOR DR #LS			
11/29/16 54554-11	201611	330-53600-43000	*	11.05	
37 SAN GABRIEL	LN #LIFT			
11/29/16 64405-11	201611	330-53600-43000	*	8.13	
2 CAMINO DEL MAR #LIFT			
11/29/16 80187-11	201611	330-53600-43000	*	10.42	
78 OCEAN ST #LIFT STATION			

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	3		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
					BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
	11/29/16	83014-11	201611	330-53600-43000		*	82.77				
		300 CAMINO DEL	SOL #LIFT								
	11/29/16	89460-11	201611	330-53600-43000		*	2,671.95				
		101 JUNGLE HUT	RD #WWTP								
	11/29/16	94444-11	201611	330-53600-43000		*	29.26				
		HAMMOCK DUNES PKWY #LIFT	FLORIDA POWER & LIGHT CO.			17,448.05 013042		
										
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00382  12/02/16 413	201612 310-51300-34000	*	1,583.33	
DEC 2016 - MGMT FEES			
	GOVERNMENTAL MANAGEMENT SERVICES		1,583.33 013043	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00515  11/25/16 3987207  201611 320-53600-52200	*	2,260.60	
SUPPLIES			
HAWKINS,INC.		2,260.60 013044	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00202  12/01/16	108220-1	201611 310-53600-52000	*	48.39	
	NOV	2016	-	PURCHASES			
12/01/16	108220-1	201611 310-53600-52000	V	48.39-	
	NOV	2016	-	PURCHASES			
				NORTHERN TOOL & EQUIPMENT CO.		.00 013045	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 01117  12/06/16 12062016 201612 300-34300-30000	*	65.35	
REFUND CREDIT BAL ON ACCT			
KAREN G RASMUSSEN		65.35 013046	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00526  12/01/16	U0975-03	201612 320-53600-46000	*	605.75	
	ENGINEER SVC			
12/01/16	U0975-03	201612 330-53600-46000	*	605.75	
	ENGINEER SVC			
		REVERE CONTROL SYSTEMS		1,211.50 013047	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00627  11/30/16 18WE2685 201611 320-53600-46000	*	12,116.00	
RPL MUFFLER			
RING POWER CORPORATION		12,116.00 013048	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 01118  12/06/16 12062016 201612 300-34300-30100	*	14.69	
REFUND CREDIT BAL ON ACCT			
WILLIAM & NANCY SCHNEIDER		14.69 013049	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00624	1/01/17 JAN 2017 201701 300-13100-10000	*	59.26	
	JAN 17 INSURANCE REIMB			
	1/01/17 JAN 2017	201701 310-53600-23000	*	177.79	
	JAN 17	INSURANCE REIMB			
	1/01/17 JAN 2017	201701 320-53800-23000	*	59.26	
	JAN 17	INSURANCE REIMB			

DUNE -DUNES - SROSINA

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	4		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
				BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
	1/01/17 JAN 2017 201701	300-20700-10100		*	59.26-				
	JAN 17	INSURANCE REIMB	TIMOTHY SHEAHAN			237.05 013050		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00335  12/01/16 002377	201612 340-53600-46050	*	42.80	
WELD BIT TO HOUSING			
	SIZEMORE WELDING, INC.		42.80 013051	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00163  11/28/16 49335881	201611 310-53600-41000	*	317.47	
SERVICE	THRU 11/24/2016			
	SPRINT		317.47 013052	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00020	9/20/16 50173	201610 310-51300-54000	*	1,998.00	
	ANNUAL MAINT CONTRACT			
		SUNSTATE METER AND SUPPLY, INC.		1,998.00 013053	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00820  12/01/16 108220-1 201611 310-53600-52000	*	48.39	
NOV 2016 - PURCHASES			
BLUETARP FINANCIAL, INC.		48.39 013054	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00612  11/30/16 94746257	201611 310-53600-52010	*	18.99		
GAS CAN	ADVANCE AUTO PARTS		18.99 013055		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00355  12/01/16 82140764	201611 310-53600-41000	*	308.39	
SERVICE	THRU 12/01/2016			
	AT&T MOBILITY		308.39 013056	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00423  12/13/16 7710	201612 330-53600-46000	*	774.43	
ABB SIGNAL CONVERTER REP.			
	CENTRAL FLORIDA CONTROLS, INC.		774.43 013057	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00542  11/11/16 100252	201610 310-51300-64011	*	5,940.00	
SERVICE	THRU 10/16/2016			
	CPH ENGINEERS, INC.		5,940.00 013058	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00115  11/30/16	112265	201611 310-53600-44000	*	112.98	
	NOV	16-LANIER/L MP C2503			
11/30/16	112473	201611 310-53600-44000	*	192.49	
	NOV	16-LANIER/L LD425CSPF			
			DOCUMENT TECHNOLOGIES		305.47 013059	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00770  12/14/16 30429	201612 320-53600-52000	*	300.00	
IR LIGHTING INSTALLATION			
	ECONOMY ELECTRIC COMPANY		300.00 013060	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	5		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
			BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE   YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/16/16 00047	11/29/16 5-626-83 201611	310-51300-42000		*	19.63				
	DELIVERIES THRU 11/29/16	FEDEX			19.63 013061		
								
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00246  12/07/16 317310	201612 320-53600-34800	*	115.00	
COLILERT-18			
	FLOWERS CHEMICAL LABORATORIES, INC.		115.00 013062	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00385  12/05/16 RI103050 201612	310-51300-42000	*	163.00		
DEC 16-POSTAGE	FRANCOTYP-POSTALIA, INC		163.00 013063		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00610  12/08/16 12082016	201612 310-51300-54000	*	90.00	
RENEWAL	MEMBERSHIP			
	FWPCOA		90.00 013064	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00382  10/03/16 407	201610 310-51300-34000	*	1,583.33	
OCT 16-MGMT FEES			
	GOVERNMENTAL MANAGEMENT SERVICES		1,583.33 013065	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00328  12/01/16 98864685 201612 330-53600-46075	*	346.32	
SUPPLIES			
GRAYBAR		346.32 013066	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00515  12/01/16	3989447	201612 320-53600-52200	*	2,118.45	
	SULFURIC ACID	50%			
12/08/16	3992757	201612 320-53600-52200	*	4,471.65	
	SULFURIC ACID	50%			
			HAWKINS,INC.		6,590.10 013067	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00233  11/21/16 923929	201611 310-53600-52000	*	8.63		
SUPPLIES	LOWES		8.63 013068		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00688  11/28/16	253142	201611 320-53600-52200	*	1,527.46	
	HYPOCHLORITE	SOLUTIONS	8			
11/28/16	253142	201611 330-53600-52200	*	763.73	
	HYPOCHLORITE	SOLUTIONS	8			
				ODYSSEY MANUFACTURING COMPANY		2,291.19 013069	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 01119  12/15/16 12152016 201612 300-34300-30000	*	45.38	
CR BLNCE ON CLOSED ACC.			
RENEE PEPPY		45.38 013070	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 01120  12/15/16 12152016 201612 300-34300-30100	*	14.69	
CR BLNCE ON CLOSED ACC.			
CINDY ROBERTSON		14.69 013071	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	6		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
			BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/16/16 00624	12/16/16 12162016 201701 300-13100-10000		*	2.10				
	JAN 16-INSURANCE REIMB								
	12/16/16 12162016	201701 310-53600-23000		*	6.32				
	JAN 16-INSURANCE REIMB								
	12/16/16 12162016	201701 320-53800-23000		*	2.10				
	JAN 16-INSURANCE REIMB								
	12/16/16 12162016	201701 300-20700-10100		*	2.10-				
	JAN 16-INSURANCE REIMB	TIMOTHY SHEAHAN			8.42 013072		
								
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00881  12/02/16 33234396 201612 310-51300-51000	*	145.18	
SUPPLIES			
STAPLES ADVANTAGE, DEPT ATL		145.18 013073	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00661  11/30/16 145165	201611 310-51300-54000	*	42.93	
TICKETS	TRANSMITTED			
	SUNSHINE STATE ONE CALL OF FLORIDA		42.93 013074	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00408  11/29/16 35569324 201611 330-53600-46075	*	6,937.00	
OPERATING SUPPLIES			
XYLEM,INC.		6,937.00 013075	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00965  12/16/16 121616	201612 300-34300-10100	*	3,500.00	
REFUND-TERMINATION CONTRC			
12/16/16 121616	201612 300-34300-10200	*	1,000.00	
REFUND-TERMINATION CONTRC			
12/16/16 121616	201612 300-36900-10000	*	51.99-	
REFUND-TERMINATION CONTRC			
12/16/16 121616	201612 300-36900-10000	*	45.00-	
REFUND-TERMINATION CONTRC			
	OCEANSIDE HOMES & REMODELING		4,403.01 013076	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00764  12/16/16 121616	201612 310-51300-54000	*	79.10	
BOAT/TRAILER REGISTRATION			
	SUZANNE JOHNSTON, TAX COLLECTOR		79.10 013077	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/20/16 01121  12/19/16 12192016	201612 310-51300-31500	*	3,000.00	
INITIAL	RETAINER			
12/19/16 12192016	201612 310-51300-31500	V	3,000.00-	
INITIAL	RETAINER			
12/19/16 12192016	201612 310-51300-31500	*	3,000.00	
INITIAL	RETAINER			
	GUASTELLA ASSOCIATES		3,000.00 013078	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00278  12/14/16 240277	201612 320-53600-46050	*	197.98		
SUPPLIES	AMERICAN BACKFLOW PRODUCTS CO.		197.98 013079		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	7		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
			BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE   YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/22/16 00997	12/09/16 01912779 201612	320-53600-52200		*	353.76				
	RESTAURANT LIQ BULK	ARC3 GASES			353.76 013080		
								
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00009  12/08/16 1270562  201612 310-53600-41000	*	286.49	
TELEPHONE SVC-WWTP OFFICE			
AT&T		286.49 013081	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00047  12/06/16	5-633-78	201611 310-51300-42000	*	46.32	
	DELIVERIES	THRU 12/06/16			
12/13/16	5-640-78	201612 310-51300-42000	*	59.18	
	DELIVERIES	THRU 10/13/16			
			FEDEX		105.50 013082	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 01122  12/21/16 12212016 201612 300-34300-30100	*	29.38	
REFUND CR BALANCE ON ACC			
GUILFORD PROPERTY ENTERPRISES LLC		29.38 013083	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 01024  12/16/16 18579	201612	320-53600-52000	*	128.80	
JUNCTION BOX 4	PORTS			
		OPTIMA SCALE MANUFACTURING INC.		128.80 013084	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00603  12/13/16 86973	201612 310-53600-44000	*	33.28	
RICOH/MP 2352SP 01/14/17			
	SMART TECHNOLOGIES		33.28 013085	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00881  11/15/16 10063	201611 300-13100-10000	*	144.98-	
SUPPLIES				
11/15/16 10063	201611 320-54900-52000	*	144.98	
SUPPLIES				
11/15/16 10063	201611 300-20700-10000	*	144.98	
SUPPLIES				
11/16/16 10382	201611 310-51300-51000	*	320.99	
SUPPLIES				
11/16/16 10383	201611 310-51300-51000	*	320.99-	
SUPPLIES				
11/16/16 10384	201611 310-51300-51000	*	299.99	
SUPPLIES				
11/29/16 13014	201611 300-13100-10000	*	59.99-	
SUPPLIES				
11/29/16 13014	201611 320-54900-52000	*	59.99	
SUPPLIES				
11/29/16 13014	201611 300-20700-10000	*	59.99	
SUPPLIES				
11/30/16 13229	201611 300-13100-10000	*	21.98-	
SUPPLIES				

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	8	
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER					
				BANK D DUNES - WATER/SEWER					
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....	
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
	11/30/16	13229	201611 320-54900-52000		*	21.98			
		SUPPLIES								
	11/30/16	13229	201611 300-20700-10000		*	21.98			
		SUPPLIES								
	12/01/16	17038525 201612 310-51300-51000		*	143.98			
		SUPPLIES								
	12/07/16	15014	201612 310-51300-51000		*	139.91			
		SUPPLIES								
	11/15/16	10063	201611 300-13100-10000		V	144.98			
		SUPPLIES								
	11/15/16	10063	201611 320-54900-52000		V	144.98-			
		SUPPLIES								
	11/15/16	10063	201611 300-20700-10000		V	144.98-			
		SUPPLIES								
	11/16/16	10382	201611 310-51300-51000		V	320.99-			
		SUPPLIES								
	11/16/16	10383	201611 310-51300-51000		V	320.99			
		SUPPLIES								
	11/16/16	10384	201611 310-51300-51000		V	299.99-			
		SUPPLIES								
	11/29/16	13014	201611 300-13100-10000		V	59.99			
		SUPPLIES								
	11/29/16	13014	201611 320-54900-52000		V	59.99-			
		SUPPLIES								
	11/29/16	13014	201611 300-20700-10000		V	59.99-			
		SUPPLIES								
	11/30/16	13229	201611 300-13100-10000		V	21.98			
		SUPPLIES								
	11/30/16	13229	201611 320-54900-52000		V	21.98-			
		SUPPLIES								
	11/30/16	13229	201611 300-20700-10000		V	21.98-			
		SUPPLIES								
	12/01/16	17038525 201612 310-51300-51000		V	143.98-			
		SUPPLIES								
	12/07/16	15014	201612 310-51300-51000		V	139.91-			
		SUPPLIES								
	11/15/16	10063	201611 300-13100-10000		*	144.98-			
		SUPPLIES								
	11/15/16	10063	201611 320-54900-52000		*	144.98			
		SUPPLIES								
	11/15/16	10063	201611 300-20700-10000		*	144.98			
		SUPPLIES								
	11/16/16	10382	201611 310-51300-51000		*	320.99			
		SUPPLIES								
	11/16/16	10383	201611 310-51300-51000		*	320.99-			
		SUPPLIES								

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	9		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
				BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
	11/16/16	10384	201611 310-51300-51000		*	299.99				
		SUPPLIES									
	11/29/16	13014	201611 300-13100-10000		*	59.99-				
		SUPPLIES									
	11/29/16	13014	201611 320-54900-52000		*	59.99				
		SUPPLIES									
	11/29/16	13014	201611 300-20700-10000		*	59.99				
		SUPPLIES									
	11/30/16	13229	201611 300-13100-10000		*	21.98-				
		SUPPLIES									
	11/30/16	13229	201611 320-54900-52000		*	21.98				
		SUPPLIES									
	11/30/16	13229	201611 300-20700-10000		*	21.98				
		SUPPLIES									
	12/01/16	17038525 201612 310-51300-51000		*	143.98				
		SUPPLIES									
	12/07/16	15014	201612 310-51300-51000		*	139.91				
		SUPPLIES		STAPLES CREDIT PLAN			810.83 013086		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00955  11/04/16 01685036 201611 330-53600-46000	*	18.44	
SUPPLIES			
11/10/16 13971412 201611 310-51300-51000	*	15.98	
SUPPLIES			
11/15/16 14927865 201611 310-53600-52055	*	239.96	
SUPPLIES			
11/17/16 24933350 201611 300-20700-10000	*	32.45	
SUPPLIES			
11/17/16 24933350 201611 300-13100-10000	*	32.45-	
SUPPLIES			
11/17/16 24933350 201611 320-54900-52000	*	32.45	
SUPPLIES			
11/18/16 03182615 201611 310-51300-51000	*	59.98	
SUPPLIES			
11/28/16 25985062 201611 310-53600-52055	*	119.97	
SUPPLIES			
12/01/16 08233504 201612 310-51300-51000	*	519.90	
SUPPLIES			
12/01/16 10571254 201612 330-53600-46000	*	147.01	
SUPPLIES			
12/01/16 13259228 201612 320-53600-46000	*	24.63	
SUPPLIES			
12/02/16 29309495 201612 310-51300-51000	*	28.98	
SUPPLIES			
SYNCB/AMAZON		1,207.30 013087	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	10		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - WATER/SEWER						
				BANK D DUNES - WATER/SEWER						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/22/16 00214	12/07/16	127497	201612 330-53600-52000		*	199.82				
		OPERATING SUPPLIES								
	12/07/16	127562	201612 330-53600-52000		*	70.98				
		OPERATING SUPPLIES								
	12/08/16	128018	201612 330-53600-52000		*	41.04				
		OPERATING SUPPLIES	USA BLUEBOOK			311.84 013088		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TOTAL	FOR	BANK D	94,796.82	
TOTAL	FOR	REGISTER	94,796.82	

DUNE -DUNES - SROSINA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	1		
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - BRIDGE FUND						
			BANK E DUNES - BRIDGE						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE   YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/01/16 00022	12/01/16 12012016 201612	320-54900-15000		*	1,900.00				
	2016 HOLIDAY BONUS	CASH			1,900.00 005876		
								
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00255  12/01/16 3676	201612 320-54900-46000	*	45.00	
DEC	2016 - PEST CONTROL			
	ABOVE THE REST PEST CONTROL		45.00 005877	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00184  11/28/16 99880-11	201612 320-54900-23000	*	31.46	
DEC 2016 - LIFE INS			
11/28/16 99880-11	201612 310-53600-23000	*	199.32	
DEC 2016 - LIFE INS			
11/28/16 99880-11	201612 300-13100-10000	*	199.32	
DEC 2016 - LIFE INS			
11/28/16 99880-11	201612 300-20700-10000	*	199.32-	
DEC 2016 - LIFE INS			
	AMERICAN HERITAGE LIFE INS COMPANY		230.78 005878	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00140	1/01/17	01012017	201701 320-54900-23000	*	241.64	
		JAN	17	INSURANCE	REIMB			
	1/01/17	01012017	201701 320-54900-23000	V	241.64-	
		JAN	17	INSURANCE	REIMB			
					SANDY AUSBROOKS		.00 005879	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00132  11/25/16 12259468 201611 320-54900-43000	*	419.56	
ACCT NO. 308923-19027			
CITY OF PALM COAST		419.56 005880	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00186  11/30/16 161130	201611 320-54900-46000	*	250.00	
NOV 2016 - SERVICES			
	COAST PARKING AREA MAINTENANCE CORP		250.00 005881	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00189  11/29/16 43001	201611 320-54900-52000	*	72.90		
SUPPLIES	COASTAL SUPPLIES		72.90 005882		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00101  11/28/16 220392-1	201612 320-54900-52000	*	76.40	
SERVICE	THRU 12/28/2016			
	CULLIGAN WATER PRODUCTS		76.40 005883	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00222  12/05/16	12052016	201612 320-54900-52000	*	367.18	
	REPLENISH PETTY CASH FUND			
12/05/16	12052016	201510 320-54900-52000	V	367.18-	
	REPLENISH PETTY CASH FUND			
		DOLPHIN PRINTING & DESIGN, INC.		.00 005884	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	2		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - BRIDGE FUND						
				BANK E DUNES - BRIDGE						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/09/16 00014	11/28/16	02998-11	201611 320-54900-43000		*	162.67				
		5000PLM	COAST PKWY NAV LT							
	11/28/16	04979-11	201611 320-54900-43000		*	7.95				
		5000PALM COAST PKWY #LTS								
	11/28/16	05950-11	201611 320-54900-43000		*	436.21				
		5000PALM COAST PKWY TOLL								
	11/29/16	06601-11	201611 320-54900-43000		*	97.61				
		BON TERRE #NS 100E AIA LT							
	11/29/16	07438-11	201611 320-54900-46002		*	24.89				
		400 HAMMOCK DUNES PKWY								
	11/29/16	25021-11	201611 320-54900-46002		*	37.56				
		5800 HAMMOCK DUNES PKWY								
	11/29/16	56431-11	201611 320-54900-46002		*	22.71				
		300 HAMMOCK DUNES PKWY								
	11/29/16	84435-11	201611 320-54900-46002		*	23.25				
		18 BLUE	HERON LN #STLT	FLORIDA POWER & LIGHT CO.			812.85 005885		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00145  12/02/16 414	201612 310-51300-34000	*	1,416.67	
DEC 16 - MGMT FEES			
	GOVERNMENTAL MANAGEMENT SERVICES		1,416.67 005886	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00294	8/31/16	8313315	201610 310-51300-60001	*	2,133.48	
		SERVICE	THRU	08/31/2016			
	9/30/16	8446934	201610 310-51300-60001	*	2,348.96	
		SERVICE	THRU	09/30/2016			
				KIMLEY-HORN AND ASSOCIATES, INC		4,482.44 005887	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00204   1/01/17 JAN 2017 201701 320-54900-23000	*	390.74	
JAN 17 INSURANCE REIMB			
WILLIAM KOWALOFF		390.74 005888	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00256   1/01/17 JAN 2017 201701 320-54900-23000	*	326.47	
JAN 16 INSURANCE REIMB			
JON C PETERSON		326.47 005889	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00207	1/01/17 JAN 2017 201701 300-13100-10000	*	156.30	
	JAN 17 INSURANCE REIMB			
	1/01/17 JAN 2017 201701 300-13100-10100	*	117.22	
	JAN 17	INSURANCE REIMB			
	1/01/17 JAN 2017 201701 310-53600-23000	*	156.30	
	JAN 17	INSURANCE REIMB			
	1/01/17 JAN 2017 201701 320-54900-23000	*	117.22	
	JAN 17	INSURANCE REIMB			
	1/01/17 JAN 2017 201701 320-53800-23000	*	117.22	
	JAN 17	INSURANCE REIMB			

DUNE -DUNES - SROSINA

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	3		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - BRIDGE FUND						
			BANK E DUNES - BRIDGE						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
	1/01/17 JAN 2017 201701 300-20700-10000		*	156.30-				
	JAN 17	INSURANCE REIMB								
	1/01/17 JAN 2017 201701 300-20700-10000		*	117.22-				
	JAN 17	INSURANCE REIMB	RICHARD RYAN			390.74 005890		
								
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00167   9/20/16 50173	201610 320-54900-34300	*	359.00	
DEC 2016 - SERVICES			
	VANN DATA SERVICES, INC.		359.00 005891	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00307   1/01/17 01012017 201701 320-54900-23000	*	241.64	
JAN 17 INSURANCE REIMB			
ROBERT AUSBROOKS		241.64 005892	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/16 00022  12/05/16 12052016 201612 320-54900-52000	*	367.18	
REPLENISH PETTY CASH FUND			
CASH		367.18 005893	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00114  11/01/16 3067/270 201611 320-54900-46000	*	186.00	
FIRE ALARM MONITORING			
ALARMPRO, INC.		186.00 005894	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00185  12/05/16 1275	201612 320-54900-46000	*	1,100.00	
LAWN MAINTENANCE			
	ALL AMERICAN MAINTENANCE OF FLAGLER		1,100.00 005895	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00082  12/01/16 386 446-	201612 320-54900-41000	*	456.25	
SERVICE	THRU-12/11/16			
	AT&T		456.25 005896	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00286  11/21/16 14304617	201611 320-54900-41000	*	75.00	
SERVICE	THRU-12/1/16			
	AT&T		75.00 005897	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00145  10/03/16 408	201610 310-51300-34000	*	1,416.67	
MANAGEMENT FEES			
	GOVERNMENTAL MANAGEMENT SERVICES		1,416.67 005898	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00328  12/02/16 98867022 201612 320-54900-46000	*	360.80	
LIGHTING CONTACTOR			
GRAYBAR		360.80 005899	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00204	1/01/17 01012017 201701 320-54900-23000	*	8.20	
	INSURANCE REIMBURSEMENT			
	WILLIAM KOWALOFF		8.20 005900	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	4		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - BRIDGE FUND						
				BANK E DUNES - BRIDGE						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
12/16/16 00277	12/09/16	361	201612 320-54900-52000		*	71.98				
		UNIFORMS									
	12/09/16	361	201612 300-13100-10000		*	41.63				
		UNIFORMS									
	12/09/16	361	201612 310-53600-52055		*	41.63				
		UNIFORMS									
	12/09/16	361	201612 300-20700-10000		*	41.63-				
		UNIFORMS		LIDIA'S EMBROIDERY			113.61 005901		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00259  12/03/16 325417	201612 320-54900-52000	*	93.93		
SUPPLIES					
12/03/16 386659	201612 320-54900-52000	*	119.99		
SUPPLIES					
12/03/16 914970	201612 320-54900-52000	*	15.50		
SUPPLIES	STAPLES ADVANTAGE, DEPT ATL		229.42 005902		
					
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00308  12/01/16 82376818	201612 300-13100-10000	*	561.12	
SUPPLIES			
12/01/16 82376818	201612 320-54900-52000	*	65.22	
SUPPLIES			
12/01/16 82376818	201612 310-51300-51000	*	561.12	
SUPPLIES			
12/01/16 82376818	201612 300-20700-10000	*	561.12-	
SUPPLIES			
	ULINE		626.34 005903	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/16 00284  12/01/16 INV-0000 201612 320-54900-46002	*	7,997.00	
LANDSCAPE MAINTENANCE			
YELLOWSTONE LANDSCAPE		7,997.00 005904	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00120  12/31/16 2016-01  201612 310-51300-60001	*	54,030.12	
INTERSECTION IMPROVEMENTS			
BETTER BARRICADES, INC.		54,030.12 005905	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00189  12/20/16 43123	201612 320-54900-52000	*	190.75	
OPERATING SUPPLIES			
	COASTAL SUPPLIES		190.75 005906	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00039  12/01/16 14911	201611 310-51300-32200	*	2,100.00	
AUDIT FYE 09/30/2016			
12/01/16 14911	201611 300-13100-10000	*	2,700.00	
AUDIT FYE 09/30/2016			
12/01/16 14911	201611 300-13100-10100	*	1,200.00	
AUDIT FYE 09/30/2016			

DUNE -DUNES - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  2/02/17	PAGE	5		
*** CHECK DATES	12/01/2016 - 12/31/2016 ***	DUNES CDD - BRIDGE FUND						
				BANK E DUNES - BRIDGE						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
	12/01/16	14911	201611 310-51300-32200		*	1,200.00				
		AUDIT FYE 09/30/2016								
	12/01/16	14911	201611 300-20700-10000		*	1,200.00-				
		AUDIT FYE 09/30/2016								
	12/01/16	14911	201611 310-51300-32200		*	2,700.00				
		AUDIT FYE 09/30/2016								
	12/01/16	14911	201611 300-20700-10000		*	2,700.00-				
		AUDIT FYE 09/30/2016	GRAU & ASSOCIATES			6,000.00 005907		
									
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00180	1/01/17 WC2FL1 0 201701 320-54900-24000	*	1,876.55	
	AGREEMENT#WC2FL1 0184401			
	1/01/17 WC2FL1 0 201701 300-13100-10000	*	3,311.55	
	AGREEMENT#WC2FL1 0184401			
	1/01/17 WC2FL1 0 201701 300-13100-10100	*	331.15	
	AGREEMENT#WC2FL1 0184401			
	1/01/17 WC2FL1 0 201701 320-53800-24000	*	331.15	
	AGREEMENT#WC2FL1 0184401			
	1/01/17 WC2FL1 0 201701 300-20700-10000	*	331.15-	
	AGREEMENT#WC2FL1 0184401			
	1/01/17 WC2FL1 0 201701 310-53600-24000	*	3,311.55	
	AGREEMENT#WC2FL1 0184401			
	1/01/17 WC2FL1 0 201701 300-20700-10000	*	3,311.55-	
	AGREEMENT#WC2FL1 0184401			
	PREFERRED GOVERNMENTAL INSURANCE		5,519.25 005908	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00306  12/01/16 2419	201611 300-13100-10000	*	1,000.00	
NOV 16-IT SERVICES			
12/01/16 2419	201611 300-20700-10000	*	1,000.00-	
NOV 16-IT SERVICES			
12/01/16 2419	201611 310-51300-49100	*	1,000.00	
NOV 16-IT SERVICES			
12/01/16 2419	201611 320-54900-34300	*	500.00	
NOV 16-IT SERVICES			
	RL COMPUTER SOLUTIONS INC.		1,500.00 005909	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00198  12/22/16 12222016 201612 320-54900-22000	*	2,997.61	
QTRLY PENSION CONTRBUTION			
12/22/16 12222016	201612 300-13100-10000	*	7,356.91	
QTRLY PENSION CONTRBUTION			
12/22/16 12222016	201612 300-13100-10100	*	1,364.55	
QTRLY PENSION CONTRBUTION			
12/22/16 12222016	201612 320-53800-22000	*	1,364.55	
QTRLY PENSION CONTRBUTION			
12/22/16 12222016	201612 300-20700-10000	*	1,364.55-	
QTRLY PENSION CONTRBUTION			

DUNE -DUNES - SROSINA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER   RUN  2/02/17	PAGE   6
*** CHECK DATES 12/01/2016 - 12/31/2016 ***	DUNES CDD - BRIDGE FUND
BANK E DUNES - BRIDGE

CHECK  VEND#  .....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE   INVOICE   YRMO  DPT ACCT# SUB  SUBCLASS	AMOUNT	#

12/22/16 12222016 201612 310-53600-22000	*	7,356.91
QTRLY PENSION CONTRBUTION
12/22/16 12222016 201612 300-20700-10000	*	7,356.91-
QTRLY PENSION CONTRBUTION
STIFEL, NICOLAUS & COMPANY	11,719.07 005910
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00154  12/09/16 00422409 201701 320-54900-23000	*	3,528.72	
JAN 2017 INSURANCE			
12/09/16 00422409 201701 300-13100-10000	*	12,192.17	
JAN 2017 INSURANCE			
12/09/16 00422409 201701 300-13100-10100	*	768.68	
JAN 2017 INSURANCE			
12/09/16 00422409 201701 320-53800-23000	*	768.68	
JAN 2017 INSURANCE			
12/09/16 00422409 201701 300-20700-10000	*	768.68-	
JAN 2017 INSURANCE			
12/09/16 00422409 201701 310-53600-23000	*	12,192.17	
JAN 2017 INSURANCE			
12/09/16 00422409 201701 300-20700-10000	*	12,192.17-	
JAN 2017 INSURANCE			
UNITED HEALTHCARE		16,489.57 005911	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/22/16 00298  12/15/16 1067	201612 320-54900-46000	*	1,500.00	
RPLC BROKEN TILES			
	VALMIK WATERPROOFING SYSTEMS AND		1,500.00 005912	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TOTAL	FOR	BANK E	121,300.42	
TOTAL	FOR	REGISTER	121,300.42	

DUNE -DUNES - SROSINA