Osceola Chain of Lakes
Community Development District Agenda
May 7, 2025

Agenda

Osceola Chain of Lakes Community Development District
219 E. Livingston Street, Orlando, FL 32801 Phone: 407-841-5524.	Fax: 407-839-1526

April 30, 2025

Dear Board Members:
The meeting of the Board of Supervisors of the Osceola Chain of Lakes Community Development District will be held Wednesday, May 7, 2025 at 1:30 p.m. at the West Osceola Branch Library, 305 Campus St., Celebration, FL 34747. Following is the advance agenda for the regular meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period
Organizational Matters
Consideration of Resolution 2025-01 Canvassing and Certifying the
Results of the Landowners’ Election
Review of Letters of Interest to Fulfill Seats 2, 4 & 5
Appointment of Individuals to Fulfill Vacant Seats
Administration of Oath of Office to Newly Appointed Supervisors
Consideration of Resolution 2025-02 Electing Officers
Approval of Minutes of the August 7, 2024 Board of Supervisors, Audit Committee Meetings and November 6, 2024 Landowners Meeting
Consideration of Resolution 2025-03 Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing to Adopt
Presentation of Fiscal Year 2024 Financial Audit Report
Presentation of Series 2018 Arbitrage Rebate Report
Presentation of Series 2020 Arbitrage Rebate Report
Staff Reports
Attorney
Stormwater Ratification Bill Memo
Engineer
Consideration of Work Authorization 2025-1
Field Manager
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Registered Voters- 973
Other Business
Supervisor’s Requests
Adjournment

Section III

Section A

RESOLUTION 2025-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS’ ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Osceola Chain of Lakes Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Osceola County, Florida; and

WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within 90 days of the District’s creation and every two years following the creation of the District for the purpose of electing supervisors of the District until such time as the Board of Supervisors can be elected by qualified electors of the District; and

WHEREAS, such landowners meeting was held on November 6, 2024, the Minutes of which are attached hereto as Exhibit A, and at which no landowners were present and no ballots cast; and
WHEREAS, the District’s Board of Supervisors (“Board”), by means of this Resolution, desires to canvas the votes and declare and certify the results of said election.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  By virtue of no nominations presented and no ballots cast at the landowners meeting of the District held on November 6, 2024, the Board hereby declares the following Board seats vacant as of November 6, 2024:

Seat #	Currently Held by:	
4	Kimberly Locher	

SECTION 2. Until such time as successor candidate(s) can be identified, appointed, and qualified to fill the vacancy(ies) declared in Section 1 above, the incumbent Board Supervisor(s) in such seat(s), as identified above, shall remain in office.

Section 3.	This resolution shall become effective immediately upon its adoption.

4857-9026-7639.3

ATTEST:

Secretary/Assistant Secretary	OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors	

Exhibit A:	Minutes of November 6, 2024

4857-9026-7639.3

OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT

The landowners meeting of the Osceola Chain of Lakes Community Development District was held Wednesday, November 6, 2024 at 1:14 pm. at the Hart Memorial Central Library, 211 E. Dakin Avenue, Kissimmee, Florida.

Present:
Tricia Adams Alan Scheerer
Sarah Sandy (on phone)

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Ms. Adams stated we have no landowners present and no voting units represented.

SECOND ORDER OF BUSINESS	Call to Order
Ms. Adams called the meeting to order.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purposes of
Conducting Landowners’ Meeting
Ms. Adams served as the Chairperson for the Landowners’ election meeting.

FOURTH ORDER OF BUSINESS	Nominations for the Positions of Supervisor
(1)
Ms. Adams stated that Seat no. 4 was scheduled for the landowners’ election, but they
have no nominations.

FIFTH ORDER OF BUSINESS	Casting of Ballots
Ms. Adams stated that they received no ballots.

SIXTH ORDER OF BUSINESS	Tabulation of Ballots and Announcement of
Results

SEVENTH ORDER OF BUSINESS	Adjournment
Ms. Adams adjourned the meeting.

2

Section B

On Nov 19, 2024, at 9:37 AM, Jorge Mederos <jorgejmederos@gmail.com> wrote:
Chairman, Vice-Chairman, and Board of Supervisors,
I, Jorge J. Mederos, land owner of 5012 Bessie Court, Saint Cloud, Florida 34772, and qualified elector, submit my request for consideration to be appointed to the open seat on the Board of Supervisors for the Osceola Chain of Lakes Community Development District.
I served on the Cocomar Water Control District-Advisory Board, Broward County, Florida from September 2020 to September 2024, before my move to Hanover Lakes on October 16, 2024.
Please contact me with any questions or information you may need. Yours in service,
Jorge
Jorge J. Mederos 5012 Bessie Court
Saint Cloud, Florida 34772

On Mon, Nov 25, 2024 at 1:15 PM Joe Winter <jwsoncontracting@gmail.com> wrote:
Good afternoon Tricia,
I am Joe Winter, and Gloria and I reside at 3237 Wauseon Dr. Saint Cloud, FL 34772 in the Hanover Lakes subdivision. We have been here for the last 5 years and our construction company has built several of the boathouses in our community. We are Certified Building Contractors and do residential and commercial projects with one of our clients being the State of Florida.
I am requesting an interest in one of the two seats that are coming open this November on the CDD Board. I do not know whatever other information may be required at this time, but please let me know.
Thank you, Joe

On Nov 5, 2024, at 7:36 PM, Jerad Brown <treasurer@hanoverlakesfl.com> wrote: Hi Tricia,
Can you send over the proxy voter form for the election?

Thank you, Jerad

Good evening Jerad,
We do have vacancies on the Osceola Chain of Lakes CDD Board of Supervisors. Please let me know if you are interested in serving on the Board and if so if you are available to discuss further.
All the best, Tricia L. Adams District Manager
Governmental Management Services
219 E. Livingston Street Orlando, FL 32801
Office 407.841.5524 ext 138
Cell	863.241.8050
“It is not the mountain we conquer but ourselves.”
—Edmund Hillary

On Nov 16, 2024, at 10:15 AM, Jerad <hanoverlakestreasurer@gmail.com> wrote: Hi Tricia,
Sorry about the delay, I have had a lot going on with work the past couple of weeks. Yes I would
be interested in serving on the board.
Thank you, Jerad

Section E

A  RESOLUTION  ELECTING  THE  OFFICERS  OF  THE OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT,  OSCEOLA COUNTY, FLORIDA.

Whereas, the Osceola Chain of Lakes Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

Whereas, the Board of Supervisors of the District (“Board”) desires to elect the Officers
of the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT:
Section 1. The following persons are elected to the offices shown:

Chairperson	 		
Vice Chairperson	 		
Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Treasurer	 		
Assistant Treasurer	 		
Assistant Treasurer	 		

Passed and adopted this 7th day of May 2025.
ATTEST:	OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Minutes

OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT

The audit committee of the Osceola Chain of Lakes Community Development District met Wednesday, August 7, 2024 at 1:04 p.m. at the Holiday Inn & Suites Orlando SW, 5711 W. Irlo Bronson Memorial Highway, Kissimmee, Florida.

Present were:

Jason Lonas Doug Beasley Kimberly Locher Tricia Adams Sarah Sandy Alan Scheerer

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the audit committee meeting to order at 1:04 p.m.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the March 6, 2024
Audit Committee Meeting

On MOTION by Ms. Locher seconded by Mr. Beasley with all in favor the minutes of the March 6, 2024 audit committee meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Review of  Proposals and Tally of  Audit
Committee Members Rankings
Ms. Adams stated as a result of our solicitation we received two proposals for audit services, that are included in your agenda packet. We passed out a ranking sheet and you can choose to do individual rankings or we can do a consensus ranking. Our firm does many audits

August 7, 2024	Osceola Chain of Lakes CDD

each year, both Grau & Associates and DiBartolomeo are very capable auditors, they are both very familiar with working with community development districts. The biggest differentiator is going to be price. You may want to consider awarding 20 points for each category for both firms except for price where Grau & Associates would receive the full 20 points as the low bidder and DiBartolomeo will receive 19 points.

On MOTION by Mr. Lomas seconded by Mr. Beasley with all in favor Grau & Associates was ranked no. 1 with 100 points and DiBartolomeo was ranked no. 2 with 99 points.

FIFTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Locher seconded by Mr. Beasley with all in favor the audit committee meeting adjourned.

MINUTES OF MEETING OSCEOLA CHAIN OF LAKES
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Osceola Chain of Lakes Community Development District was held Wednesday, August 7, 2024 at 1:08 p.m. at the Holiday Inn & Suites Orlando SW, 5711 W. Irlo Bronson Memorial Highway, Kissimmee, Florida.

Present and constituting a quorum were:

Jason Lonas	Vice Chairman
Doug Beasley	Assistant Secretary
Kimberly Locher	Assistant Secretary Also present were:
Tricia Adams	District Manager
Sarah Sandy	District Counsel
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 1:08 p.m.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the May 1, 2024
Meeting

On MOTION by Ms. Locher seconded by Mr. Lomas with all in favor the minutes of the May 1, 2024 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-05
Ratifying the Change of the Location of the Fiscal Year 2025 Budget Hearing
Ms. Adams stated when we met earlier and reviewed the proposed budget and set the public hearing, we set the public hearing for today’s date and time, however, we originally scheduled it at your regular meeting location, Celebration library. Due to the library not being available we had to notice this location.

On MOTION by Mr. Lomas seconded by Mr. Beasley with all in favor Resolution 2024-05 Ratifying the Change of the Location of the Fiscal Year 2025 Budget Hearing was approved.

FIFTH ORDER OF BUSINESS	Public Hearing

On MOTION by Ms. Locher seconded by Mr. Beasley with all in favor the public hearing was opened.

Ms. Adams stated approved of Resolution 2024-06 will adopt the fiscal year 2025 budget. It also memorializes that 60 days prior to the public hearing that the budget has been provided to the local government, it has been posted on the website and noticed in accordance with Florida Statutes. Attached to the resolution is the proposed fiscal year 2025 budget. This resolution also appropriates your funds for fiscal year 2025 and has provisions for budget amendments should they be needed for the next fiscal year.
Ms. Adams reviewed the proposed budget including revenues, general and administrative expenses, field expenses and stated this includes an increase per unit and the expense that is driving this increase is the introduction of the midge management program.
Mr. Scheerer has been contacted by the homeowner’s association and they were getting a lot of complaints about midges. There was no funding in the current budget for midge management, but we included that in the 2025 budget. We had enough funds to have one treatment in the spring to help the situation. The total amount for midge management in the 2025 budget is
$49,000. There are two product types in the district, the platted 50-foot lot is 1 ERU, equivalent resident unit, and the 60-foot platted lot is assessed 1.2 ERUs. The gross amount for the 50-foot lots is $527.85 and for the 60-foot lots is $633.42 and this what will be shown in the property tax

bill. The net amount comes to the district; the county keeps a portion of the fees and we also allow for the early payment discount. The next few pages has a very helpful narrative and then the series 2018 bonds, with principal and interest payments due each year along with the amounts in accordance with the amortization schedule, then the 2020 bonds.
Resolution 2024-07 is the assessment resolution. This resolution authorizes the collection of assessments on the property tax bill that includes the operation and maintenance fees and debt service fees for fiscal year 2025.
There is a scrivener’s error throughout the resolution that we will correct. A resident asked what makes up the $115?
Ms. Adams stated the reason for the increase is to address the midge issue.

On MOTION by Ms. Locher seconded by Mr. Beasley with all in favor the public hearing was closed.

Consideration of Resolution 2024-06 Adopting the Fiscal Year 2025 Proposed Budget and Appropriating Funds

On MOTION by Ms. Locher seconded by Mr. Beasley with all in favor Resolution 2024-06 Adopting the Fiscal Year 2025 Proposed Budget and Appropriating Funds was approved.

Consideration of Resolution 2024-07 Imposing Fiscal Year 2025 Special Assessments and Certifying Assessment Roll

On MOTION by Mr. Lomas seconded by Ms. Locher with all in favor Resolution 2024-07 Imposing Fiscal Year 2025 Special Assessments and Certifying Assessment Roll was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-08
Declaring Seats Vacant
Ms. Adams stated Resolution 2024-08 is declaring seats vacant. This resolution was prepared by district counsel.
Ms. Sandy stated as the district meets certain thresholds, we start to transition seats over from landowner elected seats to qualified elector seats. Qualified electors are registered voters residing within the district. We have three seats that are coming up for election, seats 2, 4, and 5.

There was a qualification period in June but no one qualified to run. This is a process we go through pursuant to the statute where we declare the seats vacant as of November 19th, which is the day that people would have taken office after the November election. If we are not able to find qualified electors to appoint to the board the person in that seat will continue to hold it until we do find somebody.

On MOTION by Mr. Lomas seconded by Mr. Beasley with all in favor Resolution 2024-08 Declaring Seats Vacant was approved.

SEVENTH ORDER OF BUSINESS	Acceptance	of	Ranking	of	the	Audit
Committee and Authorizing Staff to Issue Notice of Intent to Award Number 1 Ranked Firm

On MOTION by Mr. Beasley seconded by Ms. Locher with all in favor the recommendation of the audit committee of Grau & Associates being ranked no. 1 was accepted and staff was authorized to send a notice of intent to award to Grau & Associates.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Sandy stated we have continued to receive questions regarding the right of ways within the district. There are some in the later phases that did not get transitioned over to the city at the time they were platted. We approved deeds and recorded those deeds; I think there has been some feedback from the city pushing back on the process that was used. I reached out to the city and have not gotten resolution on that but we are working with them to try to make sure the roads get turned over to them. It is my understanding that was provided for in the development approvals.
A resident asked with regard to Hanover Lakes we don’t know if the rights have been turned over to the city, half of the community is and half is not and nobody is taking care of those streets. Illegal parking, street cleaning.
Ms. Sandy stated I think technically the county has half of them and I don’t know if the county turned them over to the city. The other half at platting they weren’t noted on the plat. They were going to be turned over to the city at a later point in time. That later point in time has come and the CDD deeded the roads over to the city but they have some issues on how that process is

taking place. We are working through that with them. The understanding from the CDD side and from working with the developer, who had the development entitlements and how the right of ways were going to be owned and maintained is that the city had agreed to take those.

Engineer
Mr. Scheerer stated we have been approached by the management company for the HOA to possibly look at changing our landscape provider to their landscape provider, which I believe is Paradise. I don’t have any issues with Down to Earth and the work they are doing right now but if the board wants me to explore to see what the numbers might be I will be happy to do that and report back at a future meeting. They all start out that way in the beginning and over the course of time things seem to get settled in. We have a pretty good stranglehold on Down to Earth right now on other properties, we have a good relationship. If they were doing a terrible job I would be the first one to ask you to get rid of them, but because we were approached I have spoken with Michael Leroy who is the sales guy for Paradise and I will be happy to get some numbers based on the same scope and I can present those findings at a future meeting. It was the consensus of the board to explore that option.
The other thing is we have seen the photograph of water coming out of the common area along the canal between Alligator Lake and the boat lift. It is an old dewatering pipe and the cap came off and some groundwater is coming out. We are in the process of capping that off. We spoke with Andre and he gave a complete explanation of what is going on. It is strange to see that in the middle of an open field but it is just an old dewatering pipe and the cap came off. We may end up directing it back into the lake. It is not harmful to the lake based on the information we have.
Manager
Approval of Check Register

On MOTION by Mr. Lomas seconded by Mr. Beasley with all in favor the check register was approved.

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

Adoption of District Goals and Objectives
Ms. Adams stated included in the agenda packet is a memorandum from the district management team to the board. This memorandum advises that there is a new law that CDDs are required to comply with by October 1, 2024. The new law requires that CDDs adopt goals and objectives relative to community communication and engagement, infrastructure and facilities maintenance, financial transparency and accountability. The district management team has put together an exhibit attached to the memorandum that has proposed goals for fiscal year 2025 starting October 1.

On MOTION by Mr. Beasley seconded by Mr. Lomas with all in favor the District goals and objectives were approved.

Approval of Fiscal Year 2025 Meeting Schedule

On MOTION by Mr. Beasley seconded by Ms. Locher with all in favor the Fiscal Year 2025 meeting schedule was approved as amended.

Field Manager
This item was taken earlier in the meeting.

NINTH ORDER OF BUSINESS	Other Business
Ms. Sandy stated going back to Resolution 2024-08, declaring vacancies. Only two seats are being turned over, which is seat 2 and seat 5. Seat 4 is up for landowner election.

On MOTION by Mr. Beasley seconded by Mr. Lomas with all in favor Resolution 2024-08 was approved subject to removing seat no. 4 from section 1.

TENTH ORDER OF BUSINESS	Supervisor Requests
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Locher seconded by Mr. Lomas the meeting adjourned at 1:48 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF LANDOWNERS MEETING OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT

The landowners meeting of the Osceola Chain of Lakes Community Development District was held Wednesday, November 6, 2024 at 1:14 pm. at the Hart Memorial Central Library, 211 E. Dakin Avenue, Kissimmee, Florida.

Present:
Tricia Adams Alan Scheerer
Sarah Sandy (on phone)

FIRST ORDER OF BUSINESS	Determination of Number of Voting Units
Represented
Ms. Adams stated we have no landowners present and no voting units represented.

SECOND ORDER OF BUSINESS	Call to Order
Ms. Adams called the meeting to order.

THIRD ORDER OF BUSINESS	Election of Chairman for the Purposes of
Conducting Landowners’ Meeting
Ms. Adams served as the Chairperson for the Landowners’ election meeting.

FOURTH ORDER OF BUSINESS	Nominations for the Positions of Supervisor
(1)
Ms. Adams stated that Seat no. 4 was scheduled for the landowners’ election, but they
have no nominations.

FIFTH ORDER OF BUSINESS	Casting of Ballots
Ms. Adams stated that they received no ballots.

SIXTH ORDER OF BUSINESS	Tabulation of Ballots and Announcement of
Results

November 6, 2024	Osceola Chain of Lakes CDD

Ms. Adams stated that there were no ballots.

SEVENTH ORDER OF BUSINESS	Adjournment
Ms. Adams adjourned the meeting.

2

Section V

RESOLUTION 2025-03
[FY 2026 BUDGET APPROVAL RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2026; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.
WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Osceola Chain of Lakes Community Development District (“District”) prior to June 15, 2025, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as
Exhibit A is hereby approved preliminarily.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION. A public
hearing on said approved Proposed Budget is hereby declared and set for the following date, time, and location, and District staff is directed to provide notice of the same in accordance with Florida law:

DATE:	August 6, 2025	
TIME:	1:00 PM	
LOCATION:	West Osceola Branch Library 305 Campus Street
Celebration, FL 34747	

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT;
POSTING OF PROPOSED BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Chapter 189, Florida Statutes.

SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.  This Resolution shall take effect

immediately upon adoption.
PASSED AND ADOPTED THIS 7th DAY OF MAY 2025.

ATTEST:	OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	Proposed Budget

Osceola Chain of Lakes
Community Development District

Proposed Budget
FY2026

6M3

Table of Contents

1	General Fund	

2-5	

General Fund Narrative	

6	

Series 2018 Debt Service Fund	

7	

Series 2018 Amortization Schedule	

8	

Series 2020 Debt Service Fund	

9	

Series 2020 Amortization Schedule	

Type	
Units	
ERU/Unit	
ERU's	Per Unit - Gross	Per Unit - Net	Total Gross Assessments	Total Net Assessments	
Platted - 50'	336	1	336	$527.85	$496.18	$177,356.71	$166,715.31	
Platted - 60'	205	1.2	246	$633.42	$595.41	$129,850.45	$122,059.42	
Total	541		582			$307,207.16	$288,774.73	

Osceola Chain of Lakes
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues					
Assessments	$	288,775  $	283,329	$	5,446	$	288,775	$	288,775	
Interest Income	$	-	$	223	$	112	$	335	$	-	
Total Revenues	$	288,775  $	283,552	$	5,558	$	289,110	$	288,775	

Expenditures					
General & Administrative					
Supervisor Fees	$	1,200  $	-	$	600	$	600	$	4,000	
FICA Expense	$	92  $	-	$	46	$	46	$	306	
Engineering	$	8,000  $	-	$	300	$	300	$	8,000	
Attorney	$	20,000  $	1,380	$	6,000	$	7,380	$	20,000	
Annual Audit	$	6,000  $	3,800	$	-	$	3,800	$	3,900	
Assessment Administration	$	5,565  $	5,565	$	-	$	5,565	$	5,732	
Dissemination	$	3,675  $	1,938	$	1,838	$	3,775	$	3,785	
Trustee Fees	$	8,500  $	5,899	$	2,601	$	8,500	$	9,350	
Arbitrage Report	$	900  $	900	$	-	$	900	$	900	
Management Fees	$	42,500  $	21,250	$	21,250	$	42,500	$	43,775	
Information Technology	$	1,182  $	591	$	591	$	1,182	$	1,217	
Website Maintenance	$	788  $	394	$	394	$	788	$	812	
Telephone	$	200  $	-	$	100	$	100	$	200	
Postage & Delivery	$	500  $	12	$	250	$	262	$	500	
Printing & Binding	$	750  $	4	$	375	$	379	$	750	
Insurance	$	6,426  $	6,251	$	-	$	6,251	$	8,382	
Legal Advertising	$	3,000  $	714	$	2,250	$	2,964	$	3,000	
Contingency	$	3,000  $	258	$	290	$	548	$	1,000	
Property Appraiser	$	300  $	197	$	-	$	197	$	300	
Office Supplies	$	150  $	0	$	75	$	75	$	150	
Travel Per Diem	$	100  $	-	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175  $	175	$	-	$	175	$	175	
Total General & Administrative:	$	113,003  $	49,329	$	36,959	$	86,288	$	116,234	

Operations & Maintenance					
Field Management	$	10,000  $	5,000	$	5,000	$	10,000	$	10,300	
Property Insurance	$	8,950  $	9,471	$	-	$	9,471	$	10,229	
Pond Bank Mowing	$	53,027  $	25,776	$	26,157	$	51,933	$	55,149	
Pond Maintenance	$	14,795  $	5,982	$	5,982	$	11,964	$	14,795	
Midge Management	$	49,000  $	22,273	$	26,727	$	49,000	$	50,960	
Additional Littoral Planting	$	5,000  $	-	$	5,000	$	5,000	$	5,000	
General Repairs & Maintenance	$	35,000  $	-	$	17,500	$	17,500	$	26,108	
Contingency	$	-	$	49	$	-	$	49	$	-	
Total Operations & Maintenance:	$	175,772  $	68,551	$	86,366	$	154,917	$	172,540	
					
Total Expenditures	$	288,775  $	117,880	$	123,325	$	241,205	$	288,775	
					
Excess Revenues/(Expenditures)	$	-	$	165,672	$	(117,767)	$	47,905	$	-	

Assessments - O&M					

Product	FY 2026 Gross
Per Unit	FY 2025 Gross
Per Unit	
Increase/(Decrease)	
Platted - 50'	$527.85	$527.85	$0.00	
Platted - 60'	$633.42	$633.42	$0.00	

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager. The district is contracted with Dewberry Engineers, Inc.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager. The district is contracted with Kutak Rock LLP.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The district is contracted with Grau and Associates.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues. This service is handled by Governmental Management Services – Central Florida, LLC.

Trustee Fees

The District will incur trustee related costs with the Series 2018 and Series 2020 bonds with US Bank.

Arbitrage Report

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2018 and 2020 bonds. The district is contracted with AMTEC.

Management Fees

The District has contracted with Governmental Management Services – Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

Represents various cost of information technology with Governmental Management Services- Central Florida, LLC for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing overnight deliveries and correspondence, etc.

Printing & Binding

Printing and binding for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability, public official’s liability insurance and property insurance coverages with Florida Insurance Alliance.

Legal Advertising

The District is required to advertise various notices for Board meetings, public hearings, etc. in a newspaper of general circulation.

Contingency

Bank charges and any other miscellaneous administrative expenditures incurred during the year.

Property Appraiser

Represents the fees to be paid to the Osceola County Property Appraiser for annual assessment roll administration.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expenditure under this category for the District.

Operations & Maintenance:

Field Management

Represents onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, attend Board meetings and receive and respond to property owner phone calls and emails. This service is contracted with Governmental Management Services-Central Florida, LLC.

Property Insurance

The District’s property insurance coverages with Florida Insurance Alliance.

Pond Bank Mowing

Scheduled maintenance will consist of mowing pond banks monthly pursuant to a contract with Down to Earth along with a contingency for unscheduled maintenance or fuel surcharges.

Description	Monthly Amount	Annual Amount	
Pond Bank Mowing	$4,596	$55,149	
Contingency			$0		
		$55,149	

Pond Maintenance

Represents costs with The Lake Doctors for maintenance to all lakes the District must maintain within District boundaries along with trash collection 4 times in the fiscal year.

Description	Monthly Amount	Annual Amount	
Littoral Zone Maintenance	$997	$11,964	
Trash Pick Up			$2,831		
		$14,795	

Midge Management

Represents the cost of treating larval and adult midges in the stormwater pond and in the air on District property.

Description	Monthly
Amount	Annual Amount	
Midge Management	$4,247	$50,960	
	$50,960	

Additional Littoral Planting

Represents costs associated with additional planting in the District’s lakes littoral zone

General Repairs & Maintenance

Represents funds allocated to expenditures that the District could incur throughout the fiscal year that do not fit into any field category.

Community Development District Proposed Budget
Debt Service Fund Series 2018

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Assessments	$	147,204	$	145,091	$	2,113	$	147,204	$	147,881	
Interest	$	-	$	3,539	$	1,770	$	5,309	$	-	
Carry Forward Surplus	$	97,141	$	99,094	$	-	$	99,094	$	103,463	
Total Revenues		$	244,345	$	247,725	$	3,882	$	251,607	$	251,344	

Expenditures							
Interest - 11/1		$	51,572	$	51,572	$	-	$	51,572	$	50,419	
Principal - 5/1		$	45,000	$	-	$	45,000	$	45,000	$	45,000	
Interest - 5/1		$	51,572	$	-	$	51,572	$	51,572	$	50,419	
Total Expenditures		$	148,144	$	51,572	$	96,572	$	148,144	$	145,838	
							
Excess Revenues/(Expenditures)		$	96,201	$	196,153	$	(92,689)	$	103,463	$	105,507	
					
Interest - 11/1/26	
 $	49,266 	
					Total	 $	49,266 	
Assessments - Debt Service Series 2018							

Type	Platted Units	Gross Per Unit Assessment	Net Per Unit Assessment	Total Gross Platted Assessments	Total Net Platted Assessments			
50' - Interior	67	$720.00	$676.80	$48,240.00	$45,345.60			
50' - Lakeside	39	$1,080.00	$1,015.20	$42,120.00	$39,592.80			
60' - Lakeside	62	$1,080.00	$1,015.20	$66,960.00	$62,942.40			
Total	168			$157,320.00	$147,880.80			

Series 2018 Capital Improvement Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/25	$	1,940,000.00	$	
05/01/26	$	1,940,000.00	$	45,	
11/01/26	$	1,895,000.00	$	
05/01/27	$	1,895,000.00	$	45,	
11/01/27	$	1,850,000.00	$	
05/01/28	$	1,850,000.00	$	50,	
11/01/28	$	1,800,000.00	$	
05/01/29	$	1,800,000.00	$	50,	
11/01/29	$	1,750,000.00	$	
05/01/30	$	1,750,000.00	$	55,	
11/01/30	$	1,695,000.00	$	
05/01/31	$	1,695,000.00	$	60,	
11/01/31	$	1,635,000.00	$	
05/01/32	$	1,635,000.00	$	60,	
11/01/32	$	1,575,000.00	$	
05/01/33	$	1,575,000.00	$	65,	
11/01/33	$	1,510,000.00	$	
05/01/34	$	1,510,000.00	$	70,	
11/01/34	$	1,440,000.00	$	
05/01/35	$	1,440,000.00	$	70,	
11/01/35	$	1,370,000.00	$	
05/01/36	$	1,370,000.00	$	75,	
11/01/36	$	1,295,000.00	$	
05/01/37	$	1,295,000.00	$	80,	
11/01/37	$	1,215,000.00	$	
05/01/38	$	1,215,000.00	$	85,	
11/01/38	$	1,130,000.00	$	
05/01/39	$	1,130,000.00	$	90,	
11/01/39	$	1,040,000.00	$	
05/01/40	$	1,040,000.00	$	95,	
11/01/40	$	945,000.00	$	
05/01/41	$	945,000.00	$	95,	
11/01/41	$	850,000.00	$	
05/01/42	$	850,000.00	$	105,	
11/01/42	$	745,000.00	$	
05/01/43	$	745,000.00	$	110,	
11/01/43	$	635,000.00	$	
05/01/44	$	635,000.00	$	115,	
11/01/44	$	520,000.00	$	
05/01/45	$	520,000.00	$	120,	
11/01/45	$	400,000.00	$	
05/01/46	$	400,000.00	$	125,	
11/01/46	$	275,000.00	$	
05/01/47	$	275,000.00	$	135,	
11/01/47	$	140,000.00	$	
05/01/48	$	140,000.00	$	140,	

$	50,418.75	$	146,990.63	
$	50,418.75	$	-	
$	49,265.63	$	144,684.38	
$	49,265.63	$	-	
$	48,112.50	$	142,378.13	
$	48,112.50	$	-	
$	46,831.25	$	144,943.75	
$	46,831.25	$	-	
$	45,550.00	$	142,381.25	
$	45,550.00	$	-	
$	44,140.63	$	144,690.63	
$	44,140.63	$	-	
$	42,603.13	$	146,743.75	
$	42,603.13	$	-	
$	41,065.63	$	143,668.75	
$	41,065.63	$	-	
$	39,400.00	$	145,465.63	
$	39,400.00	$	-	
$	37,606.25	$	147,006.25	
$	37,606.25	$	-	
$	35,812.50	$	143,418.75	
$	35,812.50	$	-	
$	33,890.63	$	144,703.13	
$	33,890.63	$	-	
$	31,840.63	$	145,731.25	
$	31,840.63	$	-	
$	29,662.50	$	146,503.13	
$	29,662.50	$	-	
$	27,300.00	$	146,962.50	
$	27,300.00	$	-	
$	24,806.25	$	147,106.25	
$	24,806.25	$	-	
$	22,312.50	$	142,118.75	
$	22,312.50	$	-	
$	19,556.25	$	146,868.75	
$	19,556.25	$	-	
$	16,668.75	$	146,225.00	
$	16,668.75	$	-	
$	13,650.00	$	145,318.75	
$	13,650.00	$	-	
$	10,500.00	$	144,150.00	
$	10,500.00	$	-	
$	7,218.75	$	142,718.75	
$	7,218.75	$	-	
$	3,675.00	$	145,893.75	
$	3,675.00	$	143,675.00	

- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00
- 000.00

$	2,025,000.00	$	1,652,112.50	$	3,677,112.50

Proposed Budget
Debt Service Fund Series 2020

Adopted Budget
Description	FY2025	Actuals Thru
3/31/25	Projected Next
6 Months	Projected Thru
9/30/25	Proposed Budget
FY2026	

Revenues						
Assessments	$	342,994	$	335,777	$	7,217	$	342,994	$	343,326	
Interest	$	-	$	7,057	$	3,529	$	10,586	$	-	
Carry Forward Surplus	$	176,142	$	179,629	$	-	$	179,629	$	192,246	
Total Revenues	$	519,135	$	522,463	$	10,745	$	533,208	$	535,572	

Expenditures						
Interest - 11/1	$	107,981	$	107,981	$	-	$	107,981	$	105,950	

Special Call 11/1

$	-	$

20,000  $	-	$	-	$	-

Principal - 5/1		$	125,000	$	-	$	125,000	$	125,000	$	130,000	
Interest - 5/1		$	107,981	$	-	$	107,981	$	107,981	$	105,950	
Total Expenditures		$	340,963	$	127,981	$	232,981	$	340,963	$	341,900	
							
Excess Revenues/(Expenditures)		$	178,173	$	394,482	$	(222,236)	$	192,246	$	193,672	
					
Interest - 11/1/26	
 $	103,675 	
					Total	 $	103,675 	
Assessments - Debt Service Series 2020							

Platted	Gross Per Unit	Net Per Unit	Total Gross Platted	Total Net Platted			
Type	Units	Assessments	Assessments	Assessments	Assessments			
Level 1 Units
50' - Interior	57	
$720.00	
$676.80	
$41,040.00	
$38,577.60			
50' - Lakeside	23	$720.00	$676.80	$16,560.00	$15,566.40			
60' - Lakeside	51
Level 2 Units
50' - Interior	82	$1,080.00

$809.59	$1,015.20

$761.01	$55,080.00

$66,386.38	$51,775.20

$62,403.20			
50' - Lakeside	68	$1,163.59	$1,093.77	$79,124.12	$74,376.67			
60' - Lakeside	92	$1,163.59	$1,093.77	$107,050.28	$100,627.26			
Total	373			$365,240.78	$343,326.33			

Series 2020 Capital Improvement Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/25	$	5,385,000.00	$	
05/01/26	$	5,385,000.00	$	130	
11/01/26	$	5,255,000.00	$	
05/01/27	$	5,255,000.00	$	135	
11/01/27	$	5,120,000.00	$	
05/01/28	$	5,120,000.00	$	140	
11/01/28	$	4,980,000.00	$	
05/01/29	$	4,980,000.00	$	145	
11/01/29	$	4,835,000.00	$	
05/01/30	$	4,835,000.00	$	150	
11/01/30	$	4,685,000.00	$	
05/01/31	$	4,685,000.00	$	155	
11/01/31	$	4,530,000.00	$	
05/01/32	$	4,530,000.00	$	160	
11/01/32	$	4,370,000.00	$	
05/01/33	$	4,370,000.00	$	170	
11/01/33	$	4,200,000.00	$	
05/01/34	$	4,200,000.00	$	175	
11/01/34	$	4,025,000.00	$	
05/01/35	$	4,025,000.00	$	185	
11/01/35	$	3,840,000.00	$	
05/01/36	$	3,840,000.00	$	190	
11/01/36	$	3,650,000.00	$	
05/01/37	$	3,650,000.00	$	200	
11/01/37	$	3,450,000.00	$	
05/01/38	$	3,450,000.00	$	205	
11/01/38	$	3,245,000.00	$	
05/01/39	$	3,245,000.00	$	215	
11/01/39	$	3,030,000.00	$	
05/01/40	$	3,030,000.00	$	225	
11/01/40	$	2,805,000.00	$	
05/01/41	$	2,805,000.00	$	235	
11/01/41	$	2,570,000.00	$	
05/01/42	$	2,570,000.00	$	240	
11/01/42	$	2,330,000.00	$	
05/01/43	$	2,330,000.00	$	250	
11/01/43	$	2,080,000.00	$	
05/01/44	$	2,080,000.00	$	260	
11/01/44	$	1,820,000.00	$	
05/01/45	$	1,820,000.00	$	275	
11/01/45	$	1,545,000.00	$	
05/01/46	$	1,545,000.00	$	285	
11/01/46	$	1,260,000.00	$	
05/01/47	$	1,260,000.00	$	295	
11/01/47	$	965,000.00	$	
05/01/48	$	965,000.00	$	310	
11/01/48	$	655,000.00	$	
05/01/49	$	655,000.00	$	320	
11/01/49	$	335,000.00	$	
05/01/50	$	335,000.00	$	335	

$	105,950.00	$	338,931.25	
$	105,950.00	$	-	
$	103,675.00	$	339,625.00	
$	103,675.00	$	-	
$	101,312.50	$	339,987.50	
$	101,312.50	$	-	
$	98,862.50	$	340,175.00	
$	98,862.50	$	-	
$	96,325.00	$	340,187.50	
$	96,325.00	$	-	
$	93,700.00	$	340,025.00	
$	93,700.00	$	-	
$	90,600.00	$	339,300.00	
$	90,600.00	$	-	
$	87,400.00	$	338,000.00	
$	87,400.00	$	-	
$	84,000.00	$	341,400.00	
$	84,000.00	$	-	
$	80,500.00	$	339,500.00	
$	80,500.00	$	-	
$	76,800.00	$	342,300.00	
$	76,800.00	$	-	
$	73,000.00	$	339,800.00	
$	73,000.00	$	-	
$	69,000.00	$	342,000.00	
$	69,000.00	$	-	
$	64,900.00	$	338,900.00	
$	64,900.00	$	-	
$	60,600.00	$	340,500.00	
$	60,600.00	$	-	
$	56,100.00	$	341,700.00	
$	56,100.00	$	-	
$	51,400.00	$	342,500.00	
$	51,400.00	$	-	
$	46,600.00	$	338,000.00	
$	46,600.00	$	-	
$	41,600.00	$	338,200.00	
$	41,600.00	$	-	
$	36,400.00	$	338,000.00	
$	36,400.00	$	-	
$	30,900.00	$	342,300.00	
$	30,900.00	$	-	
$	25,200.00	$	341,100.00	
$	25,200.00	$	-	
$	19,300.00	$	339,500.00	
$	19,300.00	$	-	
$	13,100.00	$	342,400.00	
$	13,100.00	$	-	
$	6,700.00	$	339,800.00	
$	6,700.00	$	341,700.00	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

$	5,635,000.00	$	3,663,837.50	$	9,298,837.50

Section VI

OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	23	
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	

24-25	
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	

26	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
27-28	

INDEPENDENT AUDITOR’S REPORT

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

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Osceola Chain of Lakes Community Development District, Osceola County, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2024, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 20, 2025, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

March 20, 2025

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Osceola Chain of Lakes Community Development District, Osceola County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2024. 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 liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a deficit net position balance of ($107,031).

The change in the District’s total net position in comparison with the prior fiscal year was $24,751, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2024, the District’s governmental funds reported combined ending fund balances of
$792,219, an increase of $117,565 in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, non-spendable for prepaid expenses, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

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

The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)
Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and 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 balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general, debt service and capital projects funds. All funds are considered to be major funds.
The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets 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,
	2024	2023	
Current and other assets	$	798,947	$	679,850	
Capital assets, net of depreciation	6,769,603	7,031,512	
Total assets	7,568,550	7,711,362	
Current liabilities	139,689	140,704	
Long-term liabilities	7,535,892	7,702,440	
Total liabilities	7,675,581	7,843,144	
Net position
Net investment in capital assets	
(766,280)	
(670,920)	
Restricted	391,800	336,395	
Unrestricted	267,449	202,743	
Total net position	$	(107,031)	$	(131,782)	

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.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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.
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,
2024	2023

Revenues:
Program revenues
Charges for services	$	743,089	$	725,414	
Operating grants and contributions	28,396	19,653	
Capital grants and contributions	1	-	
Total revenues	771,486	745,067	
Expenses:			
General government	81,690	90,330	
Maintenance and operations	343,921	322,367	
Interest	321,124	327,142	
Total expenses	746,735	739,839	
Change in net position	24,751	5,228	
Net position, beginning	(131,782)	(137,010)	
Net position, ending	$	(107,031)	$	(131,782)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $746,735. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of assessments and investment earnings.
GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets

At September 30, 2024, the District had $7,857,293 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $1,087,690 has been taken, which resulted in a net book value of $6,769,603. More detailed information about the District’s capital assets is presented in the notes of the financial statements.
Capital Debt

At September 30, 2024, the District had $7,495,000 in Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET

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

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Osceola Chain of Lakes Community Development District’s Manager at 219 E. Livingston Street, Orlando, FL 32801.

OSCEOLA CHAIN OF LAKES COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2024

	Governmental
	Activities		
ASSETS		
Cash	$	247,793	
Assessments receivable	6,007	
Prepaid expense	24,493	
Restricted assets:		
Investments	520,654	
Capital assets:		
Depreciable, net	6,769,603	
Total assets		7,568,550 	

LIABILITIES		
Accounts payable	6,728	
Accrued interest payable	132,961	
Non-current liabilities:		
Due within one year	170,000	
Due in more than one year		7,365,892 	
Total liabilities		7,675,581 	

NET POSITION		
Net investment in capital assets	(766,280)	
Restricted for debt service	391,800	
Unrestricted		267,449 	
Total net position	 $	(107,031)	

See notes to the financial statements

STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

Charges for

Program Revenues Operating Grants and

Capital Grants and

Net (Expense) Revenue and Changes in Net Position

Governmental

Functions/Programs	Expenses Primary government:
Governmental activities:

Services

Contributions

Contributions

Activities

General government

$	81,690	$

81,690	$

-	$	-	$	-

Maintenance and operations	343,921	146,718	-		1	(197,202)	
Interest on long-term debt	321,124	514,681	28,396	-		221,953	
Total governmental activities	746,735	743,089	28,396		1	24,751	

Change in net position	
24,751	
Net position - beginning		(131,782)	
Net position - ending	 $	(107,031)	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024

	Major Funds		Total

General

Debt Service

Capital Projects

Governmental Funds

ASSETS		
Cash	$	247,793	$	-	$	-	$	247,793	
Investments	-	520,645		9	520,654	
Assessment receivable	1,891	4,116	-		6,007	
Prepaid expenses	24,493	-	-		24,493	
Total assets	$	274,177	$	524,761	$	9	$	798,947	
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	6,728	$	-	$	-	$	6,728	
Total liabilities	6,728	-	-	6,728	

Fund balances:
Nonspendable:
Prepaid expenses
Restricted for:		24,493		-		-			24,493	
Debt service		-		524,761		-			524,761	
Capital projects		-		-			9		9	
Unassigned		242,956		-		-			242,956	
Total fund balances		267,449		524,761			9		792,219	
Total liabilities and fund balances	$	274,177	$	524,761	
$		
9	$	798,947	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2024

Fund balance - governmental funds	$	792,219
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 are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	7,857,293
Accumulated depreciation	(1,087,690)    6,769,603

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(132,961)		
Unamortized original issuance (discount)/premium	(40,892)		
Bonds payable	(7,495,000)	(7,668,853)	
Net position of governmental activities		$	(107,031)	

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	Major Funds		Total

General

Debt Service

Capital Projects

Governmental Funds

REVENUES		
Assessments	$	228,408	$	514,681	$	-	$	743,089	
Interest	-	28,396	1	28,397	
Total revenues	228,408	543,077	1	771,486	

EXPENDITURES
Current:
General government	81,690	-	-		81,690	
Maintenance and operations Debt Service:
Principal	82,012

-	-

165,000	-

-		82,012

165,000	
Interest	-	325,219	-		325,219	
Total expenditures	163,702	490,219	-		653,921	

Excess (deficiency) of revenues over (under) expenditures	

64,706	

52,858		

1	

117,565	
Fund balances - beginning	202,743	471,903		8	674,654	
Fund balances - ending	$	267,449	$	524,761	$	9	$	792,219	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

Net change in fund balances - total governmental funds	$	117,565 Amounts reported for governmental activities in the statement of
activities are different because:

Repayment of long-term liabilities are reported as expenditures in the		
governmental fund financial statements, but such repayments reduce		
liabilities in the statement of net position and are eliminated in the statement of activities.	
165,000	
Depreciation of capital assets is not recognized in the governmental		
fund financial statements, but is reported as an expense in the		
statement of activities.	(261,909)	
Amortization of Bond (discounts)/premiums is not recognized in the		
governmental fund financial statements, but is reported as an expense		
in the statement of activities.	1,548	
The change in accrued interest on long-term liabilities between the		
current and prior fiscal year is recorded in the statement of activities		
but not in the governmental fund financial statements.	2,547	
Change in net position of governmental activities	$	24,751	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
The Hanover Lakes Community Developer District was created on October 2, 2017. by Ordinance No. 2017- 78 of the Osceola County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
On November 13, 2017, pursuant to a request by the District, the Board of County Commissioners of Osceola County, Florida adopted Ordinance No. 2017-93 amending Ordinance No. 2017-78 to change the name of the Hanover Lakes Community Development District to the Osceola Chain of Lakes Community Development District (“District”). Ordinance No. 2017-93 was filed with the Florida Department of State and became effective on November 15, 2017.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is comprised of approximately 177.038 acres.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Board members are elected on an at large basis by the owners of property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2024, four of the five Board members were affiliated with Hanover Lakes, LLC (the “Developer”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

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

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

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

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.
Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

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

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.
Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
Securities listed in paragraphs c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, any unspent proceeds are required to be held in investments as specified in the Bond Indenture.
The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (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 acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Roadways and lighting	30	
Landscaping and other improvements	30	
Stormwater management system	30	

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

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

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

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

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

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

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.
The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Other Disclosures

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

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearing(s) are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board, unless otherwise delegated by the Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
NOTE 4 – DEPOSITS 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, 2024:

First American Government

Amortized Cost	Credit Risk		Maturities Weighted average of the fund

Obligation Fund
Total Investments

 $	520,654 
 $	520,654 

S&P AAAm

portfolio: 31 days

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

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.
Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

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

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.
NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2024 was as follows:

Governmental activities
Capital assets, being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Roadways and lighting	$	2,555,952	$	-	$	-	$	2,555,952	
Landscaping and other improvements	1,600,326	-	-	1,600,326	
Stormwater management system	3,701,015	-	-	3,701,015	
Total capital assets, being depreciated	7,857,293	-	-	7,857,293	

Less accumulated depreciation for:
Roadways and lighting	(170,396)	(85,198)	-	(255,594)	
Landscaping and other improvements	(106,688)	(53,344)	-	(160,032)	
Stormwater management system	(548,697)	(123,367)	-	(672,064)	
Total accumulated depreciation	(825,781)	(261,909)	-	(1,087,690)	

Total capital assets, being depreciated, net	
7,031,512	
(261,909)	
-	6,769,603	

Governmental activities capital assets	
$	7,031,512	
$	(261,909)	
$	-	$	6,769,603	

Depreciation was charged to maintenance and operations.
NOTE 6 – LONG-TERM LIABILITIES

Series 2018
On March 9, 2018, the District issued $2,200,000 of Capital Improvements Revenue Bonds, Series 2018 due on May 1, 2048 with an interest rate that varies from 5.125% to 5.250%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2019 through May 1, 2048.
The Series 2018 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

Series 2018 (Continued)
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2024.

Series 2020
On January 31, 2020, the District issued $5,980,000 of Capital Improvements Revenue Bonds, Series 2020 due on May 1, 2050 with an interest rate that varies from 3.250% to 4.000%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2021 through May 1, 2050.
The Series 2020 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2024.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2024 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2018	$	1,915,000	$	-	$	40,000	$	1,875,000	$	45,000	
Original issuance discount	(8,255)	-	(330)	(7,925)	-	
Series 2020	5,745,000	-	125,000	5,620,000	125,000	
Original issuance premium	50,695	-	1,878	48,817	-	
Total	$	7,702,440	$	-	$	166,548	$	7,535,892	$	170,000	

At September 30, 2024, the scheduled debt service requirements on the long-term debt were as follows:
Year ending		Governmental Activities	
September 30:	Principal	Interest	Total	
2025	$	170,000	$	319,106	$	489,106	
2026	175,000	312,738	487,738	
2027	180,000	305,881	485,881	
2028	190,000	298,850	488,850	
2029	195,000	291,388	486,388	
2030-2034	1,120,000	1,329,569	2,449,569	
2035-2039	1,395,000	1,066,025	2,461,025	
2040-2044	1,730,000	733,887	2,463,887	
2045-2049	2,005,000	319,887	2,324,887	
2050	335,000	13,400	348,400	
Total	 $	7,495,000	$	4,990,731	$	12,485,731 	

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.
NOTE 8 – MANAGEMENT COMPANY
The District has contracted with a management company to perform services, which include financial and accounting 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 9 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

NOTE 10 – SUBSEQUENT EVENTS
Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $20,000 of the Series 2020 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES				
Assessments	$	225,688	$	228,408	$	2,720	
Total revenues	225,688	228,408	2,720	

EXPENDITURES
Current:				
General government	109,215	81,690	27,525	
Maintenance and operations	116,473	82,012	34,461	
Total expenditures	225,688	163,702	61,986	

Excess (deficiency) of revenues over (under) expenditures	

 $	-		

64,706	

 $	64,706 	

Fund balance - beginning		
	202,743 		
Fund balance - ending		 $	267,449 		

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s
fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee
compensation was paid in the last month of the District’s fiscal year being reported.	6	
Employee compensation	$	600	
Independent contractor compensation	$	162,569	
Construction projects to begin on or after October 1; ($65K)	Not applicable	
Budget variance report	See the Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $412.53 - $495.04
Debt service Series 2018 - $720.00 - $1,080.00 Debt service Series 2020 - $720.00 - $1,163.59	
Special assessments collected	$743,089	
Outstanding Bonds:	see Note 6 for details	

1001 Yamato Road ▪ Suite 301 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
Osceola Chain of Lakes Community Development District Osceola County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Osceola Chain of Lakes Community Development District, Osceola County, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated March 20, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

March 20, 2025

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
Osceola Chain of Lakes Community Development District Osceola County, Florida

We have examined Osceola Chain of Lakes Community Development District, Osceola County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2024. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2024.
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 Osceola Chain of Lakes Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

March 20, 2025

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Osceola Chain of Lakes Community Development District Osceola County, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Osceola Chain of Lakes Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2024, and have issued our report thereon dated March 20, 2025.

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

Other Reporting Requirements
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 20, 2025, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Osceola Chain of Lakes Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.
We wish to thank Osceola Chain of Lakes Community Development District, Osceola County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

March 20, 2025

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS
None

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

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2023.
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, 2024.
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, 2024.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2024. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 23.

Section VII

REBATE REPORT
$2,200,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Dated: March 9, 2018
Delivered: March 9, 2018

Rebate Report to the Computation Date March 9, 2028
Reflecting Activity To February 28, 2025

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	6	
Sources and Uses	7	
Proof of Arbitrage Yield	8	
Bond Debt Service	10	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	12	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	14	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	17	

March 20, 2025

Osceola Chain of Lakes Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$2,200,000 Osceola Chain of Lakes Community Development District, (Osceola County,
Florida), Capital Improvement Revenue Bonds, Series 2018	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Osceola Chain of Lakes Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of February 28, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	David G. Mancuso, CPA, MBA
Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the March 9, 2028 Computation Date
Reflecting Activity from March 9, 2018 through February 28, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	1.344172%	9,723.23	(46,207.19)	
Capitalized Interest Fund	0.208690%	99.49	(3,908.52)	
Debt Service Reserve Fund	2.050657%	10,725.80	(23,191.21)	
Totals	1.578436%	$20,548.52	$(73,306.92)	
Bond Yield	5.242794%		
Rebate Computation Credits	(15,557.40)	
Net Rebatable Arbitrage	$(88,864.32)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For the purpose of computing Rebatable Arbitrage, investment activity is reflected from March 9, 2018, the date of the closing, to February 28, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of March 9, 2028.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between March 9, 2018 and February 28, 2025, the District made periodic payments into the Interest and Sinking Funds that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Interest and Sinking Funds and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
March 9, 2028.

Computation Period
The period beginning on March 9, 2018, the date of the closing, and ending on February 28, 2025.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price to the public at which price a substantial amount of the Bonds were sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was provided from the District and US Bank (the “Trustee”).

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of February 28, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to March 9, 2028. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on March 9, 2028, is the Rebatable Arbitrage.

$2,200,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2018
Delivered: March 9, 2018

Sources of Funds

Par Amount	$2,200,000.00	
Net Original Issue Discount	-9,904.80	
Total	$2,190,095.20	

Uses of Funds

Acquisition & Construction Fund	$1,810,258.30	
Capitalized Interest Fund	73,571.39	
Debt Service Reserve Fund	73,553.13	
Costs of Issuance	188,712.38	
Underwriter’s Discount	44,000.00	
Total	$2,190,095.20	

PROOF OF ARBITRAGE YIELD
$2,200,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Date	

Debt Service	Present Value to 03/09/2018
@ 5.2427943592%	
11/01/2018	73,571.39	71,158.13	
05/01/2019	87,081.25	82,073.38	
11/01/2019	56,312.50	51,718.33	
05/01/2020	91,312.50	81,720.69	
11/01/2020	55,415.63	48,327.70	
05/01/2021	90,415.63	76,836.83	
11/01/2021	54,518.75	45,147.52	
05/01/2022	89,518.75	72,237.73	
11/01/2022	53,621.88	42,165.21	
05/01/2023	93,621.88	71,738.39	
11/01/2023	52,596.88	39,273.20	
05/01/2024	92,596.88	67,374.38	
11/01/2024	51,571.88	36,565.66	
05/01/2025	96,571.88	66,722.64	
11/01/2025	50,418.75	33,945.07	
05/01/2026	95,418.75	62,600.88	
11/01/2026	49,265.63	31,495.81	
05/01/2027	94,265.63	58,725.16	
11/01/2027	48,112.50	29,207.26	
05/01/2028	98,112.50	58,038.93	
11/01/2028	46,831.25	26,995.59	
05/01/2029	96,831.25	54,391.96	
11/01/2029	45,550.00	24,932.72	
05/01/2030	100,550.00	53,632.17	
11/01/2030	44,140.63	22,942.67	
05/01/2031	104,140.63	52,745.78	
11/01/2031	42,603.13	21,026.70	
05/01/2032	102,603.13	49,346.03	
11/01/2032	41,065.63	19,245.63	
05/01/2033	106,065.63	48,438.48	
11/01/2033	39,400.00	17,533.72	
05/01/2034	109,400.00	47,441.37	
11/01/2034	37,606.25	15,891.40	
05/01/2035	107,606.25	44,309.98	
11/01/2035	35,812.50	14,370.13	
05/01/2036	110,812.50	43,328.83	
11/01/2036	33,890.63	12,913.08	
05/01/2037	113,890.63	42,286.37	
11/01/2037	31,840.63	11,520.10	
05/01/2038	116,840.63	41,193.67	
11/01/2038	29,662.50	10,190.76	
05/01/2039	119,662.50	40,060.72	
11/01/2039	27,300.00	8,906.06	
05/01/2040	122,300.00	38,878.66	
11/01/2040	24,806.25	7,684.37	
05/01/2041	119,806.25	36,165.00	
11/01/2041	22,312.50	6,563.26	
05/01/2042	127,312.50	36,492.55	
11/01/2042	19,556.25	5,462.37	
05/01/2043	129,556.25	35,262.71	
11/01/2043	16,668.75	4,421.02	
05/01/2044	131,668.75	34,030.18	
11/01/2044	13,650.00	3,437.77	
05/01/2045	133,650.00	32,800.06	
11/01/2045	10,500.00	2,511.06	
05/01/2046	135,500.00	31,576.87	

PROOF OF ARBITRAGE YIELD
$2,200,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Date	

Debt Service	Present Value to 03/09/2018
@ 5.2427943592%	
11/01/2046	7,218.75	1,639.28	
05/01/2047	142,218.75	31,471.02	
11/01/2047	3,675.00	792.45	
05/01/2048	143,675.00	30,189.73	
	4,422,502.74	2,190,095.20	
	
Proceeds Summary		

Delivery date	03/09/2018	
Par Value	2,200,000.00	
Premium (Discount)	-9,904.80	
Target for yield calculation	2,190,095.20	

BOND DEBT SERVICE
$2,200,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
03/09/2018						
11/01/2018			73,571.39	73,571.39		
05/01/2019	30,000	5.125%	57,081.25	87,081.25	160,652.64	
11/01/2019			56,312.50	56,312.50		
05/01/2020	35,000	5.125%	56,312.50	91,312.50	147,625.00	
11/01/2020			55,415.63	55,415.63		
05/01/2021	35,000	5.125%	55,415.63	90,415.63	145,831.26	
11/01/2021			54,518.75	54,518.75		
05/01/2022	35,000	5.125%	54,518.75	89,518.75	144,037.50	
11/01/2022			53,621.88	53,621.88		
05/01/2023	40,000	5.125%	53,621.88	93,621.88	147,243.76	
11/01/2023			52,596.88	52,596.88		
05/01/2024	40,000	5.125%	52,596.88	92,596.88	145,193.76	
11/01/2024			51,571.88	51,571.88		
05/01/2025	45,000	5.125%	51,571.88	96,571.88	148,143.76	
11/01/2025			50,418.75	50,418.75		
05/01/2026	45,000	5.125%	50,418.75	95,418.75	145,837.50	
11/01/2026			49,265.63	49,265.63		
05/01/2027	45,000	5.125%	49,265.63	94,265.63	143,531.26	
11/01/2027			48,112.50	48,112.50		
05/01/2028	50,000	5.125%	48,112.50	98,112.50	146,225.00	
11/01/2028			46,831.25	46,831.25		
05/01/2029	50,000	5.125%	46,831.25	96,831.25	143,662.50	
11/01/2029			45,550.00	45,550.00		
05/01/2030	55,000	5.125%	45,550.00	100,550.00	146,100.00	
11/01/2030			44,140.63	44,140.63		
05/01/2031	60,000	5.125%	44,140.63	104,140.63	148,281.26	
11/01/2031			42,603.13	42,603.13		
05/01/2032	60,000	5.125%	42,603.13	102,603.13	145,206.26	
11/01/2032			41,065.63	41,065.63		
05/01/2033	65,000	5.125%	41,065.63	106,065.63	147,131.26	
11/01/2033			39,400.00	39,400.00		
05/01/2034	70,000	5.125%	39,400.00	109,400.00	148,800.00	
11/01/2034			37,606.25	37,606.25		
05/01/2035	70,000	5.125%	37,606.25	107,606.25	145,212.50	
11/01/2035			35,812.50	35,812.50		
05/01/2036	75,000	5.125%	35,812.50	110,812.50	146,625.00	
11/01/2036			33,890.63	33,890.63		
05/01/2037	80,000	5.125%	33,890.63	113,890.63	147,781.26	
11/01/2037			31,840.63	31,840.63		
05/01/2038	85,000	5.125%	31,840.63	116,840.63	148,681.26	
11/01/2038			29,662.50	29,662.50		
05/01/2039	90,000	5.250%	29,662.50	119,662.50	149,325.00	
11/01/2039			27,300.00	27,300.00		
05/01/2040	95,000	5.250%	27,300.00	122,300.00	149,600.00	
11/01/2040			24,806.25	24,806.25		
05/01/2041	95,000	5.250%	24,806.25	119,806.25	144,612.50	
11/01/2041			22,312.50	22,312.50		
05/01/2042	105,000	5.250%	22,312.50	127,312.50	149,625.00	
11/01/2042			19,556.25	19,556.25		
05/01/2043	110,000	5.250%	19,556.25	129,556.25	149,112.50	
11/01/2043			16,668.75	16,668.75		
05/01/2044	115,000	5.250%	16,668.75	131,668.75	148,337.50	
11/01/2044			13,650.00	13,650.00		
05/01/2045	120,000	5.250%	13,650.00	133,650.00	147,300.00	
11/01/2045			10,500.00	10,500.00		
05/01/2046	125,000	5.250%	10,500.00	135,500.00	146,000.00	

BOND DEBT SERVICE
$2,200,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2018

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
11/01/2046			7,218.75	7,218.75		
05/01/2047	135,000	5.250%	7,218.75	142,218.75	149,437.50	
11/01/2047			3,675.00	3,675.00		
05/01/2048	140,000	5.250%	3,675.00	143,675.00	147,350.00	
	2,200,000		2,222,502.74	4,422,502.74	4,422,502.74	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.242794%)

03/09/18	Beg	Bal	-1,810,258.30	-3,037,379.18	
06/29/18			60,193.35	99,412.13	
07/05/18			333,500.00	550,315.93	
08/10/18			1,423,849.97	2,337,735.25	
08/13/18			1,872.54	3,073.09	
08/31/18			-1,163.24	-1,904.37	
10/30/18			1,693.49	2,748.65	
11/05/18			-1,384.28	-2,245.16	
11/27/19			-93.54	-143.61	
06/02/20			878.85	1,313.83	
03/02/22			634.39	866.26	
03/09/28	TOTALS:	9,723.23	-46,207.19	

ISSUE DATE:	03/09/18	
REBATABLE ARBITRAGE:	
-46,207.19	
COMP DATE:	03/09/28	NET INCOME:	9,723.23	
BOND YIELD: 5.242794%	TAX INV YIELD:	1.344172%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.242794%)

03/09/18	Beg	Bal	-73,571.39	-123,443.27	
04/03/18			-52.24	-87.35	
05/02/18			-76.38	-127.18	
06/04/18			-81.66	-135.35	
07/03/18			-85.49	-141.11	
08/02/18			-93.88	-154.31	
09/05/18			-94.72	-154.96	
10/02/18			-94.93	-154.70	
11/01/18			73,565.16	119,384.02	
11/02/18			-109.98	-178.45	
11/05/18			1,384.28	2,245.16	
12/04/18			-109.26	-176.47	
01/03/19			-118.11	-189.97	
02/04/19			-126.46	-202.50	
03/04/19			-113.63	-181.17	
04/02/19			-126.47	-200.83	
05/02/19			-123.20	-194.80	
06/04/19			-125.72	-197.87	
07/02/19			-119.93	-188.00	
08/02/19			-123.13	-192.18	
09/04/19			-109.14	-169.57	
10/02/19			-103.20	-159.69	
11/01/19			708.08	1,091.14	
11/04/19			-92.65	-142.71	
11/27/19			93.54	143.61	
03/09/28	TOTALS:	99.49	-3,908.52	

ISSUE DATE:	03/09/18	
REBATABLE ARBITRAGE:	
-3,908.52	
COMP DATE:	03/09/28	NET INCOME:	99.49	
BOND YIELD: 5.242794%	TAX INV YIELD:	0.208690%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.242794%)

03/09/18	Beg	Bal	-73,553.13	-123,412.63	
04/03/18			52.24	87.35	
05/02/18			76.38	127.18	
06/04/18			81.66	135.35	
07/03/18			85.49	141.11	
08/02/18			93.88	154.31	
09/05/18			94.72	154.96	
10/02/18			94.93	154.70	
11/02/18			109.98	178.45	
12/04/18			109.26	176.47	
01/03/19			118.11	189.97	
02/04/19			126.46	202.50	
03/04/19			113.63	181.17	
04/02/19			126.47	200.83	
05/02/19			123.20	194.80	
06/04/19			125.72	197.87	
07/02/19			119.93	188.00	
08/02/19			123.13	192.18	
09/04/19			109.14	169.57	
10/02/19			103.20	159.69	
11/04/19			92.65	142.71	
12/03/19			77.27	118.53	
01/03/20			76.31	116.55	
02/04/20			74.32	113.00	
03/03/20			69.47	105.19	
04/02/20			36.52	55.07	
05/04/20			0.57	0.86	
06/02/20			0.38	0.57	
07/02/20			0.36	0.54	
08/04/20			0.38	0.56	
09/02/20			0.38	0.56	
10/02/20			0.36	0.53	
11/03/20			0.38	0.56	
12/02/20			0.36	0.52	
01/05/21			0.37	0.54	
02/02/21			0.37	0.53	
03/02/21			0.34	0.49	
03/18/21			0.08	0.11	
04/02/21			0.37	0.53	
05/04/21			0.36	0.51	
06/02/21			0.37	0.53	
07/02/21			0.36	0.51	
08/03/21			0.37	0.52	
09/02/21			0.38	0.53	
10/04/21			0.36	0.50	
11/02/21			0.37	0.51	
12/02/21			0.36	0.50	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.242794%)

12/30/21	0.26	0.36	
01/04/22	0.37	0.51	
02/02/22	0.37	0.51	
03/02/22	0.34	0.46	
04/04/22	0.37	0.50	
05/03/22	0.36	0.49	
06/02/22	18.11	24.41	
07/05/22	40.09	53.78	
08/02/22	68.92	92.10	
09/02/22	105.70	140.65	
10/04/22	119.99	158.93	
11/02/22	159.82	210.83	
12/02/22	196.80	258.50	
12/22/22	0.09	0.12	
01/04/23	224.07	292.97	
02/02/23	237.85	309.74	
03/02/23	227.60	295.11	
04/04/23	259.37	334.76	
05/02/23	265.08	340.76	
06/02/23	288.35	369.08	
07/05/23	282.87	360.35	
08/02/23	296.24	375.92	
09/05/23	307.80	388.74	
10/03/23	298.52	375.51	
11/02/23	309.56	387.77	
12/04/23	300.63	374.86	
01/03/24	310.51	385.57	
02/02/24	309.22	382.37	
03/04/24	287.42	353.78	
04/02/24	307.28	376.71	
05/02/24	296.98	362.51	
06/04/24	307.22	373.29	
07/02/24	297.47	359.99	
08/02/24	307.19	370.15	
09/04/24	306.49	367.62	
10/02/24	286.66	342.45	
11/04/24	279.83	332.76	
12/03/24	260.32	308.27	
12/20/24	0.33	0.39	
01/03/25	260.74	307.44	
02/04/25	250.58	294.14	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.242794%)	
02/28/25	MMkt Bal	73,553.13	86,042.98	
02/28/25	MMkt Acc	226.33	264.76	
03/09/28	TOTALS:	10,725.80	-23,191.21	

ISSUE DATE:	03/09/18	
REBATABLE ARBITRAGE:	
-23,191.21	
COMP DATE:	03/09/28	NET INCOME:	10,725.80	
BOND YIELD: 5.242794%	TAX INV YIELD:	2.050657%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.242794%)	
03/09/19	-1,730.00	-2,756.31	
03/09/20	-1,760.00	-2,662.68	
03/09/21	-1,780.00	-2,557.12	
03/09/22	-1,830.00	-2,496.35	
03/09/23	-1,960.00	-2,538.84	
03/09/24	-2,070.00	-2,546.09	
03/09/28	TOTALS:	-11,130.00	-15,557.40	

ISSUE DATE:	03/09/18	REBATABLE ARBITRAGE: -15,557.40 COMP DATE:	03/09/28
BOND YIELD: 5.242794%

Section VIII

REBATE REPORT
$5,980,000
Osceola Chain of Lakes Community Development District
(Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2020

Dated: January 31, 2020
Delivered: January 31, 2020

Rebate Report to the Computation Date January 31, 2025
Reflecting Activity To January 31, 2025

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	6	
Sources and Uses	7	
Proof of Arbitrage Yield	8	
Bond Debt Service	10	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	12	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	13	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	14	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	15	

March 5, 2025

Osceola Chain of Lakes Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$5,980,000 Osceola Chain of Lakes Community Development District (Osceola County, Florida),
Capital Improvement Revenue Bonds, Series 2020	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Osceola Chain of Lakes Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of January 31, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the January 31, 2025 Computation Date
Reflecting Activity from January 31, 2020 through January 31, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	0.278011%	6,902.06	(104,392.62)	
Debt Service Reserve Fund	2.196290%	19,435.22	(16,194.17)	
Capitalized Interest Fund	0.255243%	261.46	(4,367.25)	
Totals	0.760981%	$26,598.74	$(124,954.04)	
Bond Yield	3.873556%		
Rebate Computation Credits	(10,515.73)	
Net Rebatable Arbitrage	$(135,469.77)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from January 31, 2020, the date of the closing, to January 31, 2025, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of January 31, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between January 31, 2020 and January 31, 2025, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
January 31, 2025.

Computation Period
The period beginning on January 31, 2020, the date of the closing, and ending on January 31, 2025, the Computation Date.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the issuer. If no day is selected by the issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee.

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of January 31, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to January 31, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on January 31, 2025, is the Rebatable Arbitrage.

$5,980,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2020
Delivered: January 31, 2020

Sources of Funds

Par Amount	$5,980,000.00	
Net Original Issue Premium	56,328.75	
Total	$6,036,328.75	

Uses of Funds

Acquisition & Construction Fund	$5,404,161.42	
Debt Service Reserve Fund	171,496.88	
Capitalized Interest Fund	174,070.45	
Cost of Issuance	167,000.00	
Underwriter’s Discount	119,600.00	
Total	$6,036,328.75	

PROOF OF ARBITRAGE YIELD
$5,980,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2020

Date	

Debt Service	Present Value to 01/31/2020
@ 3.8735560614%	
05/01/2020	58,451.70	57,887.58	
11/01/2020	115,618.75	112,327.38	
05/01/2021	225,618.75	215,031.28	
11/01/2021	113,831.25	106,428.28	
05/01/2022	228,831.25	209,884.32	
11/01/2022	111,962.50	100,741.02	
05/01/2023	231,962.50	204,748.45	
11/01/2023	110,012.50	95,260.75	
05/01/2024	235,012.50	199,632.85	
11/01/2024	107,981.25	89,982.59	
05/01/2025	232,981.25	190,458.44	
11/01/2025	105,950.00	84,966.81	
05/01/2026	235,950.00	185,625.41	
11/01/2026	103,675.00	80,013.00	
05/01/2027	238,675.00	180,701.83	
11/01/2027	101,312.50	75,246.75	
05/01/2028	241,312.50	175,822.17	
11/01/2028	98,862.50	70,663.40	
05/01/2029	243,862.50	170,992.49	
11/01/2029	96,325.00	66,258.28	
05/01/2030	246,325.00	166,218.25	
11/01/2030	93,700.00	62,026.73	
05/01/2031	248,700.00	161,504.34	
11/01/2031	90,600.00	57,717.26	
05/01/2032	250,600.00	156,612.95	
11/01/2032	87,400.00	53,583.01	
05/01/2033	257,400.00	154,807.98	
11/01/2033	84,000.00	49,560.22	
05/01/2034	259,000.00	149,907.29	
11/01/2034	80,500.00	45,707.55	
05/01/2035	265,500.00	147,885.54	
11/01/2035	76,800.00	41,965.41	
05/01/2036	266,800.00	143,016.19	
11/01/2036	73,000.00	38,387.63	
05/01/2037	273,000.00	140,831.64	
11/01/2037	69,000.00	34,918.52	
05/01/2038	274,000.00	136,027.38	
11/01/2038	64,900.00	31,607.46	
05/01/2039	279,900.00	133,726.31	
11/01/2039	60,600.00	28,402.44	
05/01/2040	285,600.00	131,313.80	
11/01/2040	56,100.00	25,303.71	
05/01/2041	291,100.00	128,804.95	
11/01/2041	51,400.00	22,311.18	
05/01/2042	291,400.00	124,084.66	
11/01/2042	46,600.00	19,466.31	
05/01/2043	296,600.00	121,545.22	
11/01/2043	41,600.00	16,723.58	
05/01/2044	301,600.00	118,942.29	
11/01/2044	36,400.00	14,082.36	
05/01/2045	311,400.00	118,184.83	
11/01/2045	30,900.00	11,504.58	
05/01/2046	315,900.00	115,380.11	
11/01/2046	25,200.00	9,029.24	
05/01/2047	320,200.00	112,548.80	
11/01/2047	19,300.00	6,654.97	
05/01/2048	329,300.00	111,390.83	

PROOF OF ARBITRAGE YIELD
$5,980,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2020

Date	

Debt Service	Present Value to 01/31/2020
@ 3.8735560614%	
11/01/2048	13,100.00	4,347.08	
05/01/2049	333,100.00	108,435.27	
11/01/2049	6,700.00	2,139.64	
05/01/2050	341,700.00	107,048.13	
	10,385,114.20	6,036,328.75	
	
Proceeds Summary		

Delivery date	01/31/2020	
Par Value	5,980,000.00	
Premium (Discount)	56,328.75	
Target for yield calculation	6,036,328.75	

BOND DEBT SERVICE
$5,980,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2020

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
01/31/2020						
05/01/2020			58,451.70	58,451.70	58,451.70	
11/01/2020			115,618.75	115,618.75		
05/01/2021	110,000	3.250%	115,618.75	225,618.75	341,237.50	
11/01/2021			113,831.25	113,831.25		
05/01/2022	115,000	3.250%	113,831.25	228,831.25	342,662.50	
11/01/2022			111,962.50	111,962.50		
05/01/2023	120,000	3.250%	111,962.50	231,962.50	343,925.00	
11/01/2023			110,012.50	110,012.50		
05/01/2024	125,000	3.250%	110,012.50	235,012.50	345,025.00	
11/01/2024			107,981.25	107,981.25		
05/01/2025	125,000	3.250%	107,981.25	232,981.25	340,962.50	
11/01/2025			105,950.00	105,950.00		
05/01/2026	130,000	3.500%	105,950.00	235,950.00	341,900.00	
11/01/2026			103,675.00	103,675.00		
05/01/2027	135,000	3.500%	103,675.00	238,675.00	342,350.00	
11/01/2027			101,312.50	101,312.50		
05/01/2028	140,000	3.500%	101,312.50	241,312.50	342,625.00	
11/01/2028			98,862.50	98,862.50		
05/01/2029	145,000	3.500%	98,862.50	243,862.50	342,725.00	
11/01/2029			96,325.00	96,325.00		
05/01/2030	150,000	3.500%	96,325.00	246,325.00	342,650.00	
11/01/2030			93,700.00	93,700.00		
05/01/2031	155,000	4.000%	93,700.00	248,700.00	342,400.00	
11/01/2031			90,600.00	90,600.00		
05/01/2032	160,000	4.000%	90,600.00	250,600.00	341,200.00	
11/01/2032			87,400.00	87,400.00		
05/01/2033	170,000	4.000%	87,400.00	257,400.00	344,800.00	
11/01/2033			84,000.00	84,000.00		
05/01/2034	175,000	4.000%	84,000.00	259,000.00	343,000.00	
11/01/2034			80,500.00	80,500.00		
05/01/2035	185,000	4.000%	80,500.00	265,500.00	346,000.00	
11/01/2035			76,800.00	76,800.00		
05/01/2036	190,000	4.000%	76,800.00	266,800.00	343,600.00	
11/01/2036			73,000.00	73,000.00		
05/01/2037	200,000	4.000%	73,000.00	273,000.00	346,000.00	
11/01/2037			69,000.00	69,000.00		
05/01/2038	205,000	4.000%	69,000.00	274,000.00	343,000.00	
11/01/2038			64,900.00	64,900.00		
05/01/2039	215,000	4.000%	64,900.00	279,900.00	344,800.00	
11/01/2039			60,600.00	60,600.00		
05/01/2040	225,000	4.000%	60,600.00	285,600.00	346,200.00	
11/01/2040			56,100.00	56,100.00		
05/01/2041	235,000	4.000%	56,100.00	291,100.00	347,200.00	
11/01/2041			51,400.00	51,400.00		
05/01/2042	240,000	4.000%	51,400.00	291,400.00	342,800.00	
11/01/2042			46,600.00	46,600.00		
05/01/2043	250,000	4.000%	46,600.00	296,600.00	343,200.00	
11/01/2043			41,600.00	41,600.00		
05/01/2044	260,000	4.000%	41,600.00	301,600.00	343,200.00	
11/01/2044			36,400.00	36,400.00		
05/01/2045	275,000	4.000%	36,400.00	311,400.00	347,800.00	
11/01/2045			30,900.00	30,900.00		
05/01/2046	285,000	4.000%	30,900.00	315,900.00	346,800.00	
11/01/2046			25,200.00	25,200.00		
05/01/2047	295,000	4.000%	25,200.00	320,200.00	345,400.00	
11/01/2047			19,300.00	19,300.00		
05/01/2048	310,000	4.000%	19,300.00	329,300.00	348,600.00	

BOND DEBT SERVICE
$5,980,000
Osceola Chain of Lakes Community Development District (Osceola County, Florida)
Capital Improvement Revenue Bonds, Series 2020

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2048			13,100.00	13,100.00		
05/01/2049	320,000	4.000%	13,100.00	333,100.00	346,200.00	
11/01/2049			6,700.00	6,700.00		
05/01/2050	335,000	4.000%	6,700.00	341,700.00	348,400.00	
	5,980,000		4,405,114.20	10,385,114.20	10,385,114.20	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.873556%)

01/31/20	Beg	Bal	-5,404,161.42	-6,546,924.58	
02/12/20			910,822.82	1,102,132.52	
02/26/20			6,310.00	7,623.97	
02/26/20			1,085.00	1,310.94	
03/18/20			2,693,232.42	3,246,441.40	
05/12/20			-16,253.37	-19,479.50	
06/02/20			13,396.00	16,020.79	
03/29/21			1,802,461.35	2,088,472.59	
01/31/25	Bal		9.23	9.23	
01/31/25	Acc		0.03	0.03	
01/31/25	TOTALS:	6,902.06	-104,392.62	

ISSUE DATE:	01/31/20	
REBATABLE ARBITRAGE:	
-104,392.62	
COMP DATE:	01/31/25	NET INCOME:	6,902.06	
BOND YIELD: 3.873556%	TAX INV YIELD:	0.278011%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.873556%)

01/31/20	Beg	Bal	-171,496.88	-207,761.58	
11/02/20			258.46	304.20	
03/18/21			4.46	5.17	
11/01/21			5.18	5.87	
05/04/22			5.69	6.32	
11/01/22			545.10	594.24	
05/03/23			2,738.77	2,928.34	
11/02/23			4,021.05	4,218.13	
05/03/24			4,310.77	4,435.66	
12/03/24			4,330.04	4,356.89	
01/31/25	Bal		174,096.75	174,096.75	
01/31/25	Acc		615.83	615.83	
01/31/25	TOTALS:	19,435.22	-16,194.17	

ISSUE DATE:	01/31/20	
REBATABLE ARBITRAGE:	
-16,194.17	
COMP DATE:	01/31/25	NET INCOME:	19,435.22	
BOND YIELD: 3.873556%	TAX INV YIELD:	2.196290%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.873556%)

01/31/20	Beg	Bal	-174,070.45	-210,879.36	
05/01/20			58,451.71	70,135.97	
11/02/20			-258.46	-304.20	
11/02/20			115,618.75	136,080.11	
05/03/21			519.91	600.23	
01/31/25	TOTALS:	261.46	-4,367.25	

ISSUE DATE:	01/31/20	
REBATABLE ARBITRAGE:	
-4,367.25	
COMP DATE:	01/31/25	NET INCOME:	261.46	
BOND YIELD: 3.873556%	TAX INV YIELD:	0.255243%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.873556%)	
01/31/21		-1,780.00	-2,075.23	
01/31/22		-1,830.00	-2,053.22	
01/31/23		-1,960.00	-2,116.31	
01/31/24		-2,070.00	-2,150.96	
01/31/25		-2,120.00	-2,120.00	
01/31/25	TOTALS:	-9,760.00	-10,515.73	

ISSUE DATE:	01/31/20	REBATABLE ARBITRAGE: -10,515.73 COMP DATE:	01/31/25
BOND YIELD: 3.873556%

Section IX

Section A

MEMORANDUM

To:	District Managers

From:	Kutak Rock, LLP

Date:	December 20, 2024

Subject:	SB 7040 Stormwater Ratification Bill O&M Requirements

Effective, June 28, 2024, Senate Bill 7040, also known as the Florida Stormwater Ratification Bill, codified into law several significant changes to the Environment Resource Permit Handbook (the “Handbook”) promulgated by the Florida Department of Environmental Protection (“FDEP”). Among other things, these changes imposed several specific inspection and reporting requirements applicable to permanent operations and maintenance (“O&M”) entities, including special districts. To ensure compliance with these requirements, CDD Managers should forward this memorandum to their respective Boards of Supervisors and District Engineers, and otherwise take the necessary steps to budget for, plan, and implement the requirements.

Changes to Application Process Relevant to New Reporting Requirements
Pursuant to Section 12.3.5(a)(4) of the Handbook, an applicant must submit written cost estimates with supporting documentation to FDEP along with the financial capability certification required under 12.3.5(b). Section 12.3.5(b) states that, at the time of permit application, applicants for the O&M phase must submit Form 62-330.301(26), “Certification of Financial Capability for Perpetual Operations and Maintenance Entities.”
In addition to the cost estimates, an applicant must submit a written O&M plan as part of the permitting process. Section 12.4.1(a) of the Handbook requires that this plan include the following items:

A list and details of all stormwater system components, including their location, type, and other pertinent information, such as normal pool elevation, volume, recovery time, and how the systems connect;
A list and description of each of the identified maintenance and inspection tasks for each of the system’s components and for the overall system (refer to Appendix O for procedures for BMPs);
All regular inspection and maintenance schedules;
Inspection checklists;
Copies of or references to the pertinent sections of all covenants, conditions, restrictions, and other association documents, permits, approvals, and agreements that govern the operation and maintenance of the stormwater management system; and
Permitted or as-built plans of the stormwater water management system.

Once the stormwater system is ready to be transferred to the District, the Request for Transfer of Environmental Resource Permit to the Perpetual Operation Entity must be submitted to FDEP along with the written cost estimates and O&M plan. After the transfer, the District must keep the cost estimates and O&M plan on file for purposes of maintaining compliance with Section 12.6(b).

Changes to Inspection and Reporting Requirements

Pursuant to Section 12.5(h) of the Handbook, an applicant may propose a project-specific minimum inspection frequency for a stormwater management system, with a maximum frequency of five years. If FDEP determines that an applicant’s proposed inspection frequency does not provide assurances that the stormwater management system in question will continue to function perpetually as designed and permitted, FDEP shall require frequencies as listed in table depicted below.

TYPE OF SYSTEM	INSPECTION FREQUENCY	
Dry Retention basins	Once every 3 years	
Exfiltration trenches	Once every 2 Years	
Underground retention	Once every Year	
Sand or Media Filters	Once every Year	
Underdrain System	Once every 2 Years	
Underground vault/chambers	Once every Year	
Pump Systems	Twice every Year	
Swales (treatment)	Once every 3 years	
Wet Detention systems	Once every 3 years	
Wet Detention systems with littoral zones	Once every 2 years	
Vegetated Natural Buffers	Once every 5 years	
Manufactured Devices	As	manufacturer	recommends	in specifications, minimum once every year	
Dam Systems	Once every Year	
All other	Once every Year	

Pursuant to Section 12.6(b) of the Handbook, special districts responsible for stormwater management systems must submit an inspection report to FDEP within 30 days of the inspection’s completion. The inspection report must use Form 62-330.311(1) “Operation and Maintenance Inspection Certification,” and must be certified by a “qualified inspector.” As defined in Section 12.5(c), a qualified inspector is either a (1) registered professional, (2) a person whose inspection was overseen by a registered professional, or (3) a person who has completed training regarding certain relevant topics within the 5 years prior to the inspection.

The inspection report submitted by the qualified inspector to FDEP must include the following:

Form 62-330.311(3) “Inspection Checklists;”
Updates to the operation and maintenance cost estimates submitted to FDEP, if any, as described in Section 12.3.5 of the Handbook;
Updates to the written O&M plan submitted to FDEP, if any, as described in Section 12.4.1 of the Handbook; and
Any monitoring reports requirement that may be required as a condition to a specific permit.

Pursuant to Section 12.6(e), O&M entities shall continue to follow the inspection and reporting requirements contained in a permit issued under Part IV of Chapter 373, F.S. prior to June 28, 2024, unless the permittee obtains a modification using the procedures in Rule 62- 330.315, F.A.C., to comply with the inspection and reporting requirements of Rule 62- 330.311, F.A.C., and Section 12.6.
All	forms	referenced	in	the	foregoing	are	provided	at	the	following	link: https://floridadep.gov/water/engineering-hydrology-geology/content/erp-stormwater-resource- center

Section B

Sent Via Email: tadams@gmscfl.com

October 23, 2024

Ms. Tricia Adams, District Manager
Osceola Chain of Lakes Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801

Subject:	Work Authorization Number 2025-1
Osceola Chain of Lakes Community Development District District Engineer Agreement
Osceola County, Florida

Dear Ms. Adams:

Dewberry Engineers Inc. is pleased to submit this Work Authorization to provide general engineering services for the Osceola Chain of Lakes Community Development District. We will provide these services pursuant to our current (“District Engineering Agreement”) as follows.

General Engineering Services

The District will engage the services of Dewberry Engineers Inc. (Engineer) as District Engineer to perform those services as necessary, pursuant to the District Engineering Agreement, including attendance at Board of Supervisors meetings, review and approval of requisitions, or other activities as directed by the District’s Board of Supervisors.

Our fee for this task will be based on time and materials, in accordance with the enclosed Schedule of Charges. The referenced Schedule of Charges is valid for fiscal year 2025 only. We estimate a budget of $8,000, plus other direct costs.

Other Direct Costs

Other direct costs include items such as printing, drawings, travel, deliveries, et cetera. This does not include any of the application fees for the various agencies, which are the owner’s responsibility and have not been accounted for in this proposal. We estimate a budget of $300.

This Work Authorization, together with the District Engineering Agreement, represents the entire understanding between the District and the Engineer with regard to the referenced project. If you wish to accept this Work Authorization, please sign where indicated and return one complete copy to Aimee Powell, Senior Office Administrator in our Orlando office at 800 N. Magnolia Avenue, Suite 1000, Orlando, Florida 32803 (or via email at apowell@dewberry.com). Upon receipt, we will promptly schedule our services.

Ms. Tricia Adams
Osceola Chain of Lakes CDD General Engineering
October 23, 2024

Thank you for choosing Dewberry Engineers Inc. We look forward to continuing our business relationship. Sincerely,

Nicole P. Stalder, P.E., LEED-AP Vice President
Business Unit Manager, Site/Civil Services

NPS:ap
Q:\OCOL_50105019\Adm\Correspondence\Work Orders\Osceola Chain of Lakes CDD_WO_2025-1 District Engineering_10-23- 2024

APPROVED AND ACCEPTED

By: 		 Authorized Representative of
Osceola Chain of Lakes Community Development District

Date: 	

Section D

Section 1

Osceola Chain of Lakes
Community Development District

Summary of Check Register

July 29, 2024 to April 22, 2025

Bank	Date	Check No.'s	Amount	

General Fund	

8/5/24	

183-185	

$	20,788.11	
	8/16/24	186	$	4,232.54	
	8/23/24	187	$	997.00	
	9/5/24	188-189	$	16,229.00	
	9/12/24	190	$	4,232.54	
	9/19/24	191-193	$	5,426.13	
	9/25/24	194-195	$	7,117.79	
	10/15/24	196-201	$	12,408.97	
	10/31/24	202-203	$	4,620.25	
	11/18/24	204-207	$	10,117.22	
	11/25/24	208-210	$	9,684.09	
	12/12/24	211	$	4,232.54	
	1/2/25	212-213	$	5,546.87	
	1/9/25	214	$	4,359.52	
	1/22/25	215-219	$	487,469.60	
	2/14/25	220-221	$	5,046.80	
	2/28/25	222-223	$	5,356.52	
	3/26/25	224-227	$	8,573.18	
	3/13/25	228-230	$	9,213.62	
	3/19/25	231	$	3,800.00	
	3/24/25	232-234	$	366,904.55	
	4/2/25	235	$	357.50	
	4/14/25	236-237	$	6,138.05	
	4/18/25	238-239	$	13,596.75	
		Total	$	1,016,449.14	
Supervisor Fees	August 2024			
	Kimberly R Locher	50007	$	184.70	
		Total	$	184.70	
		Total Amount	$	1,016,633.84	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	1
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
8/05/24 00015	8/02/24	08022024 202408 300-20700-10000	*	17,553.85			
	FY24 PREPAY ASSESS TSFR
OSCEOLA CHAIN OF	LAKES	C/O	US BANK									17,553.85	000183	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- -	- - - -	-	-	- - -	-	-	-	-	- - - - -	- - - - -	- - -	
8/05/24 00015	8/02/24 08022024 202408 300-20700-10000						*					673.55			
	FY24 ASSESS TSFR SER 2018														
	8/02/24 08022024 202408 300-20700-10000						*					1,563.71			
	FY24 ASSESS TSFR SER 2020														
		OSCEOLA CHAIN OF LAKES	C/O	US BANK									2,237.26	000184	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - - -	- -	- - - -	-	-	- - -	-	-	-	-	- - - - -	- - - - -	- - -	
8/05/24 00005	7/23/24 1903099	202407 320-53800-46200					*					997.00			
	AQUATIC	MAINT JULY 24													
		THE LAKE DOCTORS INC											997.00	000185	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - - -	- -	- - - -	-	-	- - -	-	-	-	-	- - - - -	- - - - -	- - -	
8/16/24 00004	8/01/24 111452	202408 320-53800-46000					*					4,232.54			

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

LANDSCAPE MAINT AUG 24

DOWN TO EARTH	4,232.54 000186

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/23/24 00005	8/15/24 1903965	202408 320-53800-46200	*	997.00
AQUATIC MAINT AUG 24
THE LAKE DOCTORS INC	997.00 000187
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/05/24 00014	8/29/24 24976	202409 300-15500-10000	*	15,722.00
FY25 ANNUAL INSURANCE
EGIS INSURANCE ADVISORS LLC	15,722.00 000188
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/05/24 00017	8/30/24 3440132	202407 310-51300-31500	*	507.00
GENERAL COUNSEL JULY 24
KUTAK ROCK LLP	507.00 000189
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/12/24 00004	9/01/24 115440	202409 320-53800-46000	*	4,232.54
LANDSCAPE MAINT SEPT 24
DOWN TO EARTH	4,232.54 000190
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/24 00001	9/01/24 64	202409 310-51300-34000	*	3,246.25
MANAGEMENT FEES SEPT 24
9/01/24 64	202409 310-51300-35200	*	62.50
WEBSITE ADMIN SEPT 24
9/01/24 64	202409 310-51300-35100	*	93.75
INFORMATIN TECH SEPT 24
9/01/24 64	202409 310-51300-31300	*	291.67
DISSEMINATION SVC SEPT 24
9/01/24 64	202409 310-51300-51000	*	.09
OFFICE SUPPLIES
9/01/24 64	202409 310-51300-42000	*	2.07
POSTAGE
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	2
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND

DATE	DATE	
	9/01/24	
	9/01/24	
	9/01/24	
	9/01/24	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
64	202409 310-51300-42500	*	8.85
COPIES
65	202409 320-53800-12000	*	662.50

310-51300-51000	*	.21	
310-51300-42000	*	41.43	

FIELD MANAGEMENT SEPT 24
65	202409
OFFICE SUPPLIES
65	202409
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,409.32 000191
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/24 00015	9/17/24 09172024 202409 300-20700-10000	*	5.97
FY24 ASSESSMENT TSFR 2018
9/17/24 09172024 202409 300-20700-10000	*	13.84
FY24 ASSESSMENT TSFR 2020
OSCEOLA CHAIN OF LAKES C/O US BANK	19.81 000192
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/24 00005	9/11/24 1921198	202409 320-53800-46200	*	997.00
AQUATIC MAINT SEPT 24
THE LAKE DOCTORS INC	997.00 000193
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/25/24 00001	9/15/24 66	202409 300-15500-10000	*	5,565.00
FY25 ASSESSMENT ROLL
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,565.00 000194

202407	310-51300-48000	*	789.50	
202407	310-51300-48000	*	305.68	
202407	310-51300-48000	*	245.68	
202408	310-51300-48000	*	211.93	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/25/24 00003	7/31/24 09735488
NOT 7/31/24 09735488
NOT 7/31/24 09735488
NOT 8/31/24 09932689
NOT CDD MEETING 8/20/24
ORLANDO SENTINEL	1,552.79 000195
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00002 10/01/24 91347	202410 310-51300-54000	*	175.00
SPECIAL DISTRICT FEE FY25
DEPARTMENT OF ECONOMIC OPPORTUNITY	175.00 000196
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00010	9/27/24 22422442 202408 310-51300-31100	*	145.00
ENGINEER SVCS AUG 24
DEWBERRY ENGINEERS INC	145.00 000197
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00004 10/01/24 118496	202410 320-53800-46000	*	4,232.54
LANDSCAPE MAINT OCT 24
DOWN TO EARTH	4,232.54 000198
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	3
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

*	3,541.67		
*	65.67			
*	98.50			
*	306.25			
*	.09			

10/15/24 00001	10/01/24	
	10/01/24	
	10/01/24	
	10/01/24	
	10/01/24	

67	202410 310-51300-34000
MANAGEMENT FEES OCT 24
67	202410 310-51300-35200
WEBSITE ADMIN OCT 24
67	202410 310-51300-35100
INFORMATION TECH OCT 24
67	202410 310-51300-31300
DISSEMINATION SVCS OCT 24
67	202410 310-51300-51000
OFFICE SUPPLIES
10/01/24 67	202410 310-51300-42000	*	2.08
POSTAGE
10/01/24 68	202410 320-53800-12000	*	833.33
FIELD MANAGEMENT OCT 24
10/01/24 68	202410 320-53800-49000	*	49.34
HOLIDAY INN MEETING ROOM
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,896.93 000199
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00017	9/27/24 3454166	202408 310-51300-31500	*	1,962.50
GENERAL COUNSEL AUG 24
KUTAK ROCK LLP	1,962.50 000200
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00005 10/02/24 1934952	202410 320-53800-46200	*	997.00
AQUATIC MAINT OCT 24
THE LAKE DOCTORS INC	997.00 000201
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/31/24 00001	8/01/24 62	202408 310-51300-34000	*	3,246.25
MANAGEMENT FEES AUG 24
8/01/24 62	202408 310-51300-35200	*	62.50
WEBSITE ADMIN AUG 24
8/01/24 62	202408 310-51300-35100	*	93.75
INFORMATION TECH AUG 24
8/01/24 62	202408 310-51300-31300	*	291.67
DISSEMINATION SVC AUG 24
8/01/24 62	202408 310-51300-51000	*	.21
OFFICE SUPPLIES
8/01/24 62	202408 310-51300-42000	*	10.19
POSTAGE
8/01/24 63	202408 320-53800-12000	*	662.50
FIELD MANAGEMENT AUF 24
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,367.07 000202
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/31/24 00003	9/30/24 10122319 202409 310-51300-48000	*	253.18
NOT FY25 MTG 9/6/24
ORLANDO SENTINEL	253.18 000203
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	4
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/18/24 00021 10/23/24 00103546 202410 320-53800-46200	*	4,454.55
POND MAINTENANCE OCT 24
CLARKE ENVIRONMENTAL MOSQUITO MGMT	4,454.55 000204
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/18/24 00024 10/17/24 1	202410 310-51300-31300	*	100.00
AMORT SCHEDULE SER2020
DISCLOSURE SERVICES LLC	100.00 000205
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/18/24 00001 11/01/24 69	202411 310-51300-34000	*	3,541.67
MANAGEMENT FEES NOV 24
11/01/24 69	202411 310-51300-35200	*	65.67
WEBSITE ADMIN NOV 24
11/01/24 69	202411 310-51300-35100	*	98.50
INFORMATION TECH NOV 24
11/01/24 69	202411 310-51300-31300	*	306.25
DISSEMINATION SVC NOV 24
11/01/24 69	202411 310-51300-51000	*	.12
OFFICE SUPPLIES
11/01/24 69	202411 310-51300-42000	*	2.77
POSTAGE
11/01/24 70	202411 320-53800-12000	*	833.33
FIELD MANAGEMENT NOV 24
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,848.31 000206
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/18/24 00003 10/31/24 10282419 202410 310-51300-48000	*	714.36
NOT CDD MEETING 10/11/24
ORLANDO SENTINEL	714.36 000207
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/25/24 00021 11/15/24 00103556 202411 320-53800-46200	*	4,454.55
POND MAINT NOV 24
CLARKE ENVIRONMENTAL MOSQUITO MGMT	4,454.55 000208
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/25/24 00004 11/01/24 122231	202411 320-53800-46000	*	4,232.54
LANDSCAPE MAINT NOV 24
DOWN TO EARTH	4,232.54 000209

11/25/24	00005	11/06/24	
- - - - - - - -
12/12/24 00004	- - - -
12/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1935687	202411 320-53800-46200	*	997.00
AQUATIC MAINT NOV 24
THE LAKE DOCTORS INC	997.00 000210
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
125485	202412 320-53800-46000	*	4,232.54
LANDSCAPE MAINT DEC 24
DOWN TO EARTH	4,232.54 000211
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/02/25 00001 12/01/24 71	202412 310-51300-34000	*	3,541.67
MANAGEMENT FEES DEC 24
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	5
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND

DATE	DATE	
	12/01/24	
	12/01/24	
	12/01/24	
	12/01/24	
	12/01/24	
	12/01/24	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
71	202412 310-51300-35200	*	65.67
WEBSITE ADMIN DEC 24
71	202412 310-51300-35100	*	98.50
INFORMATIN TECH DEC 24
71	202412 310-51300-31300	*	306.25
DISSEMINATION SVC DEC 24
71	202412 310-51300-51000	*	.06
OFFICE SUPPLIES
71	202412 310-51300-42000	*	1.39
POSTAGE
72	202412 320-53800-12000	*	833.33
FIELD MANAGEMENT DEC 24
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,846.87 000212
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/02/25 00017 12/18/24 3499623	202411 310-51300-31500	*	700.00
GENERAL COUNSEL NOV 24
KUTAK ROCK LLP	700.00 000213
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/09/25 00004	1/01/25 127477	202501 320-53800-46000	*	4,359.52
LANDSCAPE MAINT JAN 25
DOWN TO EARTH	4,359.52 000214
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00021 12/16/24 00103564 202412 320-53800-46200	*	4,454.55
POND MAINTENANCE-DEC24
CLARKE ENVIRONMENTAL MOSQUITO MGMT	4,454.55 000215

1/22/25 00001	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
73	202501 310-51300-34000	*	3,541.67
MANAGEMENT FEES-JAN25
73	202501 310-51300-35200	*	65.67
INFORMATION TECH-JAN25
73	202501 310-51300-35100	*	98.50
DISSEMINATION SVCS-JAN25
73	202501 310-51300-31300	*	306.25
OFFICE SUPPLIES-JAN25
73	202501 310-51300-51000	*	.03
OFFICE SUPPLIES-JAN25
73	202501 310-51300-42000	*	.69
POSTAGE-JAN25
74	202501 320-53800-12000	*	833.33
FIELD MANAGEMENT-JAN25
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,846.14 000216
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00015	1/13/25 01132025 202501 300-20700-10000	*	1,239.23
FY24 ASSESS TSFR-S2018
1/13/25 01132025 202501 300-20700-10000	*	2,877.03
FY24 ASSESS TSFR-S2020
OSCEOLA CHAIN OF LAKES C/O US BANK	4,116.26 000217
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	6
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/22/25 00015	1/13/25 01132025 202501 300-20700-10000	*	142,734.02
FY25 ASSESS TSFR-S2018
1/13/25 01132025 202501 300-20700-10000	*	330,321.63
FY25 ASSESS TSFR-S2020
OSCEOLA CHAIN OF LAKES C/O US BANK	473,055.65 000218
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00005 12/11/24 1936341	202412 320-53800-46200	*	997.00
AQUATIC MAINTENANCE-DEC24
THE LAKE DOCTORS INC	997.00 000219
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/14/25 00001	2/01/25 75	202502 310-51300-34000	*	3,541.67
MANAGEMENT FEES-FEB25
2/01/25 75	202502 310-51300-35200	*	65.67
WEBSITE ADMIN-FEB25
2/01/25 75	202502 310-51300-35100	*	98.50
INFORMATION TECH-FEB25
2/01/25 75	202502 310-51300-31300	*	306.25
DISSEMINATION SVCS-FEB25
2/01/25 75	202502 310-51300-51000	*	.15
OFFICE SUPPLIES-FEB25
2/01/25 75	202502 310-51300-42000	*	3.88
POSTAGE-FEB25
2/01/25 76	202502 320-53800-12000	*	833.33
FIELD MANAGEMENT-FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,849.45 000220
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/14/25 00009	1/22/25 2018884	202501 310-51300-49100	*	197.35
2024 TAX ROLL YEAR
OSCEOLA COUNTY PROPERTY APPRAISER	197.35 000221
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/28/25 00004	2/01/25 131579	202502 320-53800-46000	*	4,359.52
LANDSCAPE MAINT-FEB25
DOWN TO EARTH	4,359.52 000222
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/28/25 00005	1/27/25 1960424	202501 320-53800-46200	*	997.00
AQUATIC MAINTENANCE-JAN25
THE LAKE DOCTORS INC	997.00 000223
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/25 00019	3/05/25 6891-03- 202503 310-51300-31200	*	450.00
ARBITRAGE REPORT SER 2020
AMTEC	450.00 000224
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/25 00021	2/17/25 00103567 202502 320-53800-46800	*	4,454.55
MIDGE MANAGEMENT-FEB25
CLARKE ENVIRONMENTAL MOSQUITO MGMT	4,454.55 000225
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	7
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/06/25 00015	3/04/25 03042025 202503 300-20700-10000	*	806.11
ASSESSMENT TSFR-S2018
3/04/25 03042025 202503 300-20700-10000	*	1,865.52
ASSESSMENT TSFR-S2020
OSCEOLA CHAIN OF LAKES C/O US BANK	2,671.63 000226
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/25 00005	2/18/25 1960425	202502 320-53800-46200	*	997.00
AQUATIC MAINTENANCE-FEB25
THE LAKE DOCTORS INC	997.00 000227
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00001	3/01/25 77	202503 310-51300-34000	*	3,541.67
MANAGEMENT FEES-MAR25
3/01/25 77	202503 310-51300-35200	*	65.67
WEBSITE ADMIN-MAR25
3/01/25 77	202503 310-51300-35100	*	98.50
INFORMATION TECH-MAR25
3/01/25 77	202503 310-51300-31300	*	306.25
DISSEMINATION SVCS-MAR25
3/01/25 77	202503 310-51300-51000	*	.03
OFFICE SUPPLIES-MAR25
3/01/25 77	202503 310-51300-42000	*	.69
POSTAGE-MAR25
3/01/25 77	202503 310-51300-42500	*	4.35
COPIES-MAR25
3/01/25 78	202503 320-53800-12000	*	833.33
FIELD MANAGEMENT-MAR25
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,850.49 000228
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00017	2/28/25 3527971	202501 310-51300-31500	*	322.50
ATTORNEY SVCS-JAN25
KUTAK ROCK LLP	322.50 000229
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00011	2/25/25 7658944	202502 310-51300-32300	*	2,693.75
FY25 TRUSTEE FEES-S2020
2/25/25 7658944	202502 300-15500-10000	*	1,346.88
FY26 TRUSTEE FEES-S2020
US BANK	4,040.63 000230
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/19/25 00012	1/06/25 26649	202501 310-51300-32200	*	2,000.00
AUDIT FYE 09/30/2024
2/04/25 26839	202502 310-51300-32200	*	1,800.00
AUDIT FYE 09/30/2024
GRAU & ASSOCIATES	3,800.00 000231
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/25 00019	3/20/25 7170-03- 202503 310-51300-31200	*	450.00
CAP IMPROVE REV BOND S18
AMTEC	450.00 000232
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	8
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/24/25 00021	3/17/25 00103573 202503 320-53800-46800	*	4,454.55
MIDGE MANAGEMENT-MAR25
CLARKE ENVIRONMENTAL MOSQUITO MGMT	4,454.55 000233
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/25 00025	3/24/25 03242025 202503 300-15100-10000	*	362,000.00
TSFR EXCESS FUNDS TO SBA
STATE BOARD OF ADMINISTRATION C/O	362,000.00 000234
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00017	3/24/25 3540027	202502 310-51300-31500	*	357.50
ATTORNEY SVCS-FEB25
KUTAK ROCK LLP	357.50 000235
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/14/25 00015	4/08/25 04082025 202504 300-20700-10000	*	1,551.20
ASSESSMENT TSFR-SER 2018
4/08/25 04082025 202504 300-20700-10000	*	3,589.85

	OSCEOLA CHAIN OF	LAKES	C/O	US BANK										5,141.05	000236	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- -	- - - -	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/14/25 00005	3/27/25 1960426	202503 320-53800-46200						*						997.00			
	AQUATIC MAINTENANCE-MAR25															
	THE LAKE DOCTORS	INC												997.00	000237	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- -	- - - -	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/18/25 00004	3/01/25 134699	202503 320-53800-46000						*						4,359.52			
	LANDSCAPE MAINT-MAR25															
	4/01/25 138199	202504 320-53800-46000						*						4,359.52			
	LANDSCAPE MAINT-APR25															

ASSESSMENT TSFR-SER 2020

DOWN TO EARTH	8,719.04 000238

4/18/25 00001	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
80	202504 310-51300-34000	*	3,541.67
MANAGEMENT FEES-APR25
80	202504 310-51300-35200	*	65.67
WEBSITE ADMIN-APR25
80	202504 310-51300-35100	*	98.50
INFORMATION TECH-APR25
80	202504 310-51300-31300	*	306.25
DISSEMINATION SVCS-APR25
80	202504 310-51300-51000	*	.09
OFFICE SUPPLIES-APR25
4/01/25 80	202504 310-51300-42000	*	32.20
POSTAGE-APR25
4/01/25 81	202504 320-53800-12000	*	833.33
FIELD MANAGEMENT-APR25
GOVERNMENTAL MANAGEMENT SERVICES-CF	4,877.71 000239
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	1,016,449.14 OSCE OSCEOLA CHAIN	BOH

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/25	PAGE	9
*** CHECK DATES 07/29/2024 - 04/22/2025 ***	OSCEOLA CHAIN OF LAKES-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	1,016,449.14

OSCE OSCEOLA CHAIN	BOH

Section 2

Osceola Chain of Lakes
Community Development District

Unaudited Financial Reporting
March 31, 2025

Table of Contents

	Balance Sheet

	General Fund

	Series 2018 Debt Service Fund

	Series 2020 Debt Service Fund

	Series 2020 Capital Projects Fund

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Osceola Chain of Lakes
Community Development District Combined Balance Sheet
March 31, 2025

General
Fund

Debt Service
Funds

Capital Project	Total
Funds	Governmental Funds

Assets:

Operating Account	$	80,406	$	-	$	-	$	80,406	
State Board of Administration	$	362,223	$	-	$	-	$	362,223	
Series 2018			
Reserve	$	-	$	73,553	$	-	$	73,553	
Revenue	$	-	$	194,601	$	-	$	194,601	
Series 2020			
Reserve	$	-	$	172,486	$	-	$	172,486	
Revenue	$	-	$	390,144	$	-	$	390,144	
Prepayments	$	-	$	747	$	-	$	747	
Construction	$	-	$	-	$	9	$	9	
Prepaid Expenses	$	1,347	$	-	$	-	$	1,347	
Due from General Fund	$	-	$	5,141	$	-		$	5,141	
Total Assets	$	443,977	$	836,673	$	9	$	1,280,658	
Liabilities:			
Accounts Payable	$	5,714	$	-	$	-	$	5,714	
Due to Debt Service	$	5,141	$	-	$	-	$	5,141	
Total Liabilities	$	10,855	$	-	$	-	$	10,855	

Fund Balances:			
Restricted for:
Debt Service - Series 2018	
$	-	$	269,706	
$	-	$	269,706	
Debt Service - Series 2020	$	-	$	566,967	$	-	$	566,967	
Capital Projects - Series 2020	$	-	$	-	$	9	$	9	
Prepaid Items	$	1,347	$	-	$	-		$	1,347	
Unassigned	$	431,775	$	-	$	-	$	431,775	
Total Fund Balances	$	433,121	$	836,673	$	9	$	1,269,803	
					
Total Liabilities & Fund Balance	$	443,977	$	836,673	$	9	$	1,280,658	

Cash:

Nonspendable:

General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues		
Assessments	$	288,775	$	283,329	$	283,329	$	-	
Interest Income	$	-	$	-	$	223	$	223	
Total Revenues	$	288,775	$	283,329	$	283,552	$	223	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	1,200	$	600	$	-	$	600	
FICA Expense	$	92	$	46	$	-	$	46	
Engineering	$	8,000	$	4,000	$	-	$	4,000	
Attorney	$	20,000	$	10,000	$	1,380	$	8,620	
Annual Audit	$	6,000	$	6,000	$	3,800	$	2,200	
Assessment Administration	$	5,565	$	5,565	$	5,565	$	-	
Dissemination	$	3,675	$	1,838	$	1,938	$	(100)	
Trustee Fees	$	8,500	$	5,899	$	5,899	$	-	
Arbitrage Report	$	900	$	-	$	900	$	(900)	
Management Fees	$	42,500	$	21,250	$	21,250	$	(0)	
Information Technology	$	1,182	$	591	$	591	$	-	
Website Maintenance	$	788	$	394	$	394	$	(0)	
Telephone	$	200	$	100	$	-	$	100	
Postage & Delivery	$	500	$	250	$	12	$	239	
Printing & Binding	$	750	$	375	$	4	$	371	
Insurance	$	6,426	$	6,426	$	6,251	$	175	
Legal Advertising	$	3,000	$	1,500	$	714	$	786	
Contingency	$	3,000	$	1,500	$	258	$	1,242	
Property Appraiser	$	300	$	150	$	197	$	(47)	
Office Supplies	$	150	$	75	$	0	$	75	
Travel Per Diem	$	100	$	50	$	-	$	50	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	113,003	$	66,784	$	49,329	$	17,455	

Operations & Maintenance					
Field Management	$	10,000	$	5,000	$	5,000	$	0	
Property Insurance	$	8,950	$	9,471	$	9,471	$	-	
Pond Bank Mowing	$	53,027	$	26,514	$	25,776	$	738	
Pond Maintenance	$	14,795	$	7,397	$	5,982	$	1,415	
Midge Management	$	49,000	$	24,500	$	22,273	$	2,227	
Additional Littoral Planting	$	5,000	$	2,500	$	-	$	2,500	
General Repairs & Maintenance	$	35,000	$	17,500	$	-	$	17,500	
Contingency	$	-	$	-	$	49	$	(49)	
Total Operations & Maintenance:	$	175,772	$	92,882	$	68,551	$	24,331	
					
Total Expenditures	$	288,775	$	159,666	$	117,880	$	41,786	
					
Excess Revenues (Expenditures)	$	-		$	165,672		
					
Fund Balance - Beginning	$	-		$	267,449		
					
Fund Balance - Ending	$	-		$	433,121		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues		
Assessments	$	147,204	$	145,091	$	145,091	$	-	
Interest	$	-	$	-	$	3,539	$	3,539	
Total Revenues	$	147,204	$	145,091	$	148,631	$	3,539	

Expenditures:							
Interest Expense - 11/1	$	51,572	$	51,572	$	51,572	$		-	
Principal Expense - 5/1	$	45,000	$	-	$	-	$		-	
Interest Expense - 5/1	$	51,572	$	-	$	-	$		-	
Total Expenditures	$	148,144	$	51,572	$	51,572	$	-		
							
Excess Revenues (Expenditures)	$	(940)		$	97,059				
							
Fund Balance - Beginning	$	97,141		$	172,647				
							
Fund Balance - Ending	$	96,201		$	269,706				

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues		
Assessments	$	342,994	$	335,777	$	335,777	$	-	
Interest	$	-	$	-	$	7,057	$	7,057	
Total Revenues	$	342,994	$	335,777	$	342,834	$	7,057	

Expenditures:					
Interest Expense - 11/1	$	107,981	$	107,981	$	107,981	$	-	
Special Call - 11/1	$	-	$	-	$	20,000	$	(20,000)	
Principal Expense - 5/1	$	125,000	$	-	$	-	$	-	
Interest Expense - 5/1	$	107,981	$	-	$	-	$	-	
Total Expenditures	$	340,962	$	107,981	$	127,981	$	(20,000)	
					
Excess Revenues (Expenditures)	$	2,032		$	214,852		
					
Fund Balance - Beginning	$	176,142		$	352,115		
					
Fund Balance - Ending	$	178,174		$	566,967		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/25	Thru 03/31/25	Variance	

Revenues

Interest	

$	

-	$	

-	$	

0	

$	

0	
Total Revenues	$	-	$	-	$	0	$	0	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	

-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
							
Excess Revenues (Expenditures)	$	-	$	0			
							
Fund Balance - Beginning	$	-	$	9			
							
Fund Balance - Ending	$	-	$	9			

Osceola Chain of Lakes
Community Development District Long Term Debt Report

SERIES 2018, CAPITAL IMPROVEMENT BONDS		
INTEREST RATE:	5.125%, 5.250%		
MATURITY DATE:	5/1/2048		
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$73,553		
RESERVE FUND BALANCE	$73,553		
BONDS OUTSTANDING - 2/27/2018	$2,200,000	
LESS: PRINCIPAL PAYMENT - 5/1/19	($30,000)	
LESS: PRINCIPAL PAYMENT - 5/1/20	($35,000)	
LESS: PRINCIPAL PAYMENT - 5/1/21	($35,000)	
LESS: PRINCIPAL PAYMENT - 5/1/22	($35,000)	
LESS: PRINCIPAL PAYMENT - 5/1/23	($40,000)	
LESS: PRINCIPAL PAYMENT - 5/1/24	($40,000)	
CURRENT BONDS OUTSTANDING	$1,985,000	

SERIES 2020, CAPITAL IMPROVEMENT BONDS		
INTEREST RATE:	3.25%, 3.50%, 4.00%, 4.00%		
MATURITY DATE:	5/1/2050		
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$171,497		
RESERVE FUND BALANCE	$172,486		
BONDS OUTSTANDING - 1/24/2020	$5,980,000	
LESS: PRINCIPAL PAYMENT - 5/1/21	($110,000)	
LESS: PRINCIPAL PAYMENT - 5/1/22	($115,000)	
LESS: PRINCIPAL PAYMENT - 5/1/23	($120,000)	
LESS: PRINCIPAL PAYMENT - 5/1/24	($125,000)	
LESS: SPECIAL CALL PAYMENT - 11/01/24	($20,000)	
CURRENT BONDS OUTSTANDING	$5,490,000	

Osceola Chain of Lakes

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

Community Development District Month to Month
Revenues

Assessments Interest

$	-  $
$	-  $

18,043  $
-  $

258,444  $
-  $

2,476  $
-  $

1,338  $
-  $

3,029  $	-  $
223  $	-  $

-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $

-  $	283,329
-  $	223

Total Revenues	$	-	$	18,043  $	258,444  $	2,476  $	1,338  $	3,253  $	-	$	-	$	-	$	-	$	-	$	-	$	283,552

Expenditures:		
General & Administrative:
Supervisor Fees	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	-	$	700	$	-	$	323	$	358	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	1,380	
Annual Audit	$	-	$	-	$	-	$	2,000	$	1,800	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	3,800	
Assessment Administration	$	5,565	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,565	
Dissemination	$	406	$	306	$	306	$	306	$	306	$	306	$	-  $	-  $	-  $	-  $	-  $	-  $	1,938	
Trustee Fees	$	3,206	$	-	$	-	$	-	$	2,694	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,899	
Arbitrage Report	$	-	$	-	$	-	$	-	$	-	$	900	$	-  $	-  $	-  $	-  $	-  $	-  $	900	
Management Fees	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	21,250	
Information Technology	$	99	$	99	$	99	$	99	$	99	$	99	$	-  $	-  $	-  $	-  $	-  $	-  $	591	
Website Maintenance	$	66	$	66	$	66	$	66	$	66	$	66	$	-  $	-  $	-  $	-  $	-  $	-  $	394	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery	$	2	$	3	$	1	$	1	$	4	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	12	
Printing & Binding	$	-	$	-	$	-	$	-	$	-	$	4	$	-  $	-  $	-  $	-  $	-  $	-  $	4	
Insurance	$	6,251	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	6,251	
Legal Advertising	$	714	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	714	
Contingency	$	40	$	40	$	40	$	40	$	48	$	48	$	-  $	-  $	-  $	-  $	-  $	-  $	258	
Property Appraiser	$	-	$	-	$	-	$	197	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	197	
Office Supplies	$	0	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	0	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	20,066	$	4,755	$	4,054	$	6,573	$	8,916	$	4,965	$	-  $	-  $	-  $	-  $	-  $	-  $	49,329	

Operations and Maintenance Expenses								
Field Expenses
Field Management	
$	833	
$	833	
$	833	
$	833	
$	833	
$	833	
$	-  $	-  $	-  $	-  $	-  $	-  $	5,000	
Property Insurance	$	9,471	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	9,471	
Pond Bank Mowing	$	4,233	$	4,233	$	4,233	$	4,360	$	4,360	$	4,360	$	-  $	-  $	-  $	-  $	-  $	-  $	25,776	
Pond Maintenance	$	997	$	997	$	997	$	997	$	997	$	997	$	-  $	-  $	-  $	-  $	-  $	-  $	5,982	
Midge Management	$	4,455	$	4,455	$	4,455	$	-	$	4,455	$	4,455	$	-  $	-  $	-  $	-  $	-  $	-  $	22,273	
Additional Littoral Planting	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	49	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	49	
Total Operations and Maintenance Expenses	$	20,038	$	10,517	$	10,517	$	6,190	$	10,644	$	10,644	$	-  $	-  $	-  $	-  $	-  $	-  $	68,551	
								
Total Expenditures	$	40,103	$	15,273	$	14,571	$	12,763	$	19,560	$	15,610	$	-	$	-	$	-	$	-	$	-	$	-	$	117,880	
								
Excess Revenues (Expenditures)	$	(40,103)	$	2,770	$	243,872	$	(10,287)	$	(18,222)	$	(12,357)	$	-  $	-  $	-  $	-  $	-  $	-  $	165,672	

OSCEOLA CHAIN OF LAKES
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

Gross Assessments	$ 307,208.70	$  157,320.00	$ 364,077.19	$ 828,605.89	
Net Assessments	$ 288,776.18	$  147,880.80	$ 342,232.56	$ 778,889.54	
	37.08%	18.99%	43.94%	100.00%	

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
General Fund	2018 Debt Service	2020 Debt Service	
Total	

11/15/24	
ACH	
$3,901.63	
($180.17)	
($74.43)	
$0.00	
$3,647.03	
$1,352.15	
$692.43	
$1,602.45	
$3,647.03	
11/21/24	ACH	$47,850.23	($1,914.04)	($918.72)	$0.00	$45,017.47	$16,690.40	$8,547.06	$19,780.01	$45,017.47	
12/10/24	ACH	$722,827.74	($28,913.31)	($13,878.29)	$0.00	$680,036.14	$252,125.91	$129,112.39	$298,797.84	$680,036.14	
12/19/24	ACH	$18,057.75	($670.08)	($347.76)	$0.00	$17,039.91	$6,317.61	$3,235.22	$7,487.08	$17,039.91	
01/07/25	ACH	$4,736.30	($142.08)	($91.88)	$0.00	$4,502.34	$1,669.26	$854.82	$1,978.26	$4,502.34	
01/07/25	ACH	$1,609.15	($39.26)	($31.40)	$0.00	$1,538.49	$570.40	$292.10	$675.99	$1,538.49	
01/28/25	ACH	$0.00	$0.00	$0.00	$636.15	$636.15	$235.86	$120.78	$279.51	$636.15	
02/10/25	ACH	$3,299.29	($65.99)	($64.66)	$0.00	$3,168.64	$1,174.79	$601.60	$1,392.25	$3,168.64	
02/10/25	ACH	$449.99	$0.00	($9.00)	$0.00	$440.99	$163.50	$83.73	$193.76	$440.99	
03/11/25	ACH	$442.69	$0.00	($8.85)	$0.00	$433.84	$160.85	$82.37	$190.62	$433.84	
03/11/25	ACH	$7,973.98	($79.75)	($157.89)	$0.00	$7,736.34	$2,868.28	$1,468.83	$3,399.23	$7,736.34	
	TOTAL	$	811,148.75	$	(32,004.68)	$	(15,582.88)	$	636.15	$ 764,197.34	$ 283,329.01	$  145,091.33	$ 335,777.00	$ 764,197.34	

98%	Net Percent Collected
$14,692.20	Balance Remaining to Collect

Section 3

MARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

April 21, 2025

Ms. Brittany Brookes Recording Secretary
Osceola Chain of Lakes Community Development District 219 E. Livingston St.
Orlando, FL 32801

RE:	Osceola Chain of Lakes Community Development District - Registered Voters Dear Ms. Brookes:
Thank you for your letter requesting confirmation of the number of registered voters within
the Osceola Chain of Lakes Community Development District as of April 15, 2025.

The number of registered voters within the Osceola Chain of Lakes COD is 973 as of April 15, 2025.

If I can be of further assistance, please contact me at 407.742.6000. Respectfully yours,
-
Mary Jane Arrington Supervisor of Elections

2509 East Irlo Bronson Memorial Highway • Kissimmee, FL 34744
407.742.6000 • Fax: 407.742.6001 • www.voteosceola.com