Lake Lizzie
Community Development District Agenda
August 8, 2024

Agenda

Lake Lizzie
Community Development District
219 E. Livingston Street, Orlando, FL 32801 Phone: 407-841-5524 – Fax: 407-839-1526

July 31, 2024

Board of Supervisors Lake Lizzie Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Lake Lizzie Community Development District will be held Wednesday, August 7, 2024, at 12:30 PM at the Holiday Inn & Suites Orlando SW, 5711 W. Irlo Bronson Memorial Highway, Kissimmee, FL 34746. Following is the advance agenda for the regular meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the May 1, 2024, Board of Supervisors Meeting
Consideration of Resolution 2024-04 Ratifying Change of Location of the
Fiscal Year 2025 Budget Public Hearing
Public Hearing
	Consideration of Resolution 2024-05 Adopting the Fiscal Year 2025 Proposed Budget and Appropriating Funds
	Consideration of Resolution 2024-06 Imposing Fiscal Year 2025 Special Assessments and Certifying an Assessment Roll
Presentation of Fiscal Year 2023 Financial Audit
Staff Reports
Attorney
Engineer
Field Manager
Consideration of Landscape Maintenance Services Proposal with Yellowstone Landscape
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Adoption of District Goals and Objectives
Approval of Fiscal Year 2025 Meeting Schedule
Other Business
Supervisors Requests
Adjournment

Minutes

MINUTES OF MEETING LAKE LIZZIE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Lake Lizzie Community Development District was held Wednesday, May 1, 2024 at 12:30 p.m. at the West Osceola Branch Library, 305 Campus Street, Celebration, Florida.

Present and constituting a quorum:
Doug Beasley	Vice Chairman
Rocky Owen	Assistant Secretary
Tom Franklin	Assistant Secretary
Jason Lonas	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Michelle Rigoni by phone	District Counsel, Kutak Rock
Shawn Hindle by phone	District Engineer
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order and called the roll. Four Board members were present in person constituting a quorum. She noted that Jason Lonas was sworn in prior to calling this meeting to order.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present for the meeting and there were no members on the Zoom line.

May 1, 2024	Lake Lizzie CDD

THIRD ORDER OF BUSINESS	Approval of Minutes of the February 7,
2024 Audit Committee and Board of Supervisors Meetings
Ms. Adams presented the minutes from the February 7, 2024 Audit Committee meeting and the Board of Supervisors meeting. She noted the minutes have been reviewed by District Counsel and District management staff. She noted they did receive some non-substantive corrections from District Counsel under separate cover, so approval of the minutes will include those corrections. She asked the Board for any questions, corrections, or comments. Hearing no more corrections or changes, there was a motion to approve the minutes.

On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, the Minutes of the February 7, 2024 Audit Committee Meeting and the Board of Supervisors Meeting, were approved as amended.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-03
Approving the Fiscal Year 2025 Proposed Budget and Setting a Public Hearing to Adopt Budget
Ms. Adams presented Resolution 2024-03 to the Board. She stated this resolution approves their proposed budget for Fiscal Year 2025. This resolution also sets their public hearing for August 7, 2024 at 12:30 p.m. She added that approval of this resolution also allows for transmittal of the budget to the local government as well as posting on the website and noticing the meeting all in accordance with Florida Statutes. She noted that they were required to adopt a proposed budget by June 15 each year. This proposed budget is for Fiscal Year 2025, which will start October 1, 2024 and will end September 30, 2025. She reviewed the budget but focused on page
14. She reviewed some of the changes between the budget that the Board is considering for Fiscal Year 2025 compared to their current budget. They are anticipating revenues of $237,611 based on the assessments. Their proposed expenditures for administration of the District is the cost to operate the District. They are proposing $149,559. She pointed out some increases in dissemination agent, the reporting, as well as Trustee fees. She explained that these were anticipation of issuing a bond in the fall. She stated they have one more bond that will be issued for this project, so those fees are intended to cover the cost for that. She pointed out that there is a proposed increase for management fees from $37,500 to $40,000. She noted that they didn’t have a lot of changes to the field expenditures. She noted they were still gathering information on some

May 1, 2024	Lake Lizzie CDD

of the maintenance contracts, and they may have some adjustments to make on some individual line items, but they are confident with this amount of field expenditures proposed at $80,052 that they can adequately cover all of the responsibilities of the District.
Ms. Adams stated for the gross per unit, they have two product types assessed on an ERU basis. She explained that the gross per unit for single family 34’ project is $636.18 and the single family 50’ project is $848.25. She added that this is consistent with the current budget, so there is no proposed increase in the per unit assessment. She referred to page 18 of the budget stating that there is a page for their current Series 2023 debt service fund. She noted that the interest and principal payments that are due in November and in May are populated based on their amortization schedule that is included in the budget.

On MOTION by Mr. Owen, seconded by Mr. Franklin, with all in favor, Resolution 2024-03 Approving the Fiscal Year 2025 Proposed Budget and Setting a Public Hearing to Adopt Budget for August 7, 2024 at 12:30 p.m., was approved.

FIFTH ORDER OF BUSINESS	Consideration of Assignment of Drainage
Easement in Phase 2 Plat
Ms. Adams stated this item is included in the agenda packet on page 21. She explained that District Counsel conferred with the project manager, and they wanted to enhance the language on the recorded plat to ensure that it was clear of the District’s access rights for the drainage easement.
Ms. Rigoni explained that in conferring with the Chairman, they decided to present this assignment of drainage easement essentially making it clear that the District does have the right to utilize those platted drainage easements in order for the District’s operation and maintenance of the stormwater pond. There was a question of what a variable foot drainage easement is. Ms. Rigoni explained that it would have different widths at different points.

On MOTION by Mr. Franklin, seconded by Mr. Owen, with all in favor, the Assignment of Drainage Easement in Phase 2 Plat and Authorizing Staff to Record, was approved.

SIXTH ORDER OF BUSINESS	Ratification Items

May 1, 2024	Lake Lizzie CDD

Bills of Sale to TOHO Water Authority (Lift Station & Potable/Reclaim/Wastewater Improvements)
Bill of Sale to Osceola County (Roadway Improvements)
Bill of Sale to Orlando Utility Commission (Electrical Improvements)
Ms. Adams stated these items have already been executed as cleanup items for Phase 1 and they are being presented for ratification. Ms. Rigoni presented the bills of sale. She is comfortable with the Board approving these ratifications as one slate.

On MOTION by Mr. Franklin, seconded by Mr. Beasley, with all in favor, the Bills of Sale to TOHO Water Authority (Lift Station & Potable/Reclaim/Wastewater Improvements), Bill of Sale to Osceola County (Roadway Improvements), and Bill of Sale to Orlando Utility Commission (Electrical Improvements), were ratified.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Rigoni had nothing further to report to the Board.

Engineer
Mr. Hindle had nothing to report to the Board.

District Manager’s Report
Approval of Check Register
Ms. Adams presented the check register from October 1, 2023 to March 31, 2024. The total amount is $303,630.92. She offered to answer any questions.

On MOTION by Mr. Franklin, seconded by Mr. Beasley, with all in favor, the Check Register, was approved.

May 1, 2024	Lake Lizzie CDD

Balance Sheet & Income Statement
Ms. Adams presented the balance sheet that is included in the agenda packet. No action was required at this time.

Presentation of Registered Voters – 0
Ms. Adams stated right now they have zero registered voters within the Lake Lizzie CDD boundaries.

EIGHTH ORDER OF BUSINESS	Other Business
The question was asked if the Osceola County tax assessor is transmitting funds in a timely manner. Ms. Adams responded that they had noticed that all of the counties were holding on to the funds for a lengthier time than they have in the past. She explained that they were getting the transmittals, but they were taking longer.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Adjournment
Ms. Adams asked for a motion to adjourn.

On MOTION by Mr. Beasley, seconded by Mr. Owen, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2024-03 TO CHANGE THE LOCATION OF THE PUBLIC HEARING REGARDING PROPOSED BUDGET FOR FISCAL YEAR 2024/2025, RATIFYING THE ACTIONS OF THE DISTRICT MANAGER AND CHAIRMAN IN CHANGING THE LOCATION OF SUCH PUBLIC HEARING; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lake Lizzie Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, as amended, and

WHEREAS, the Board of Supervisors of the District (“Board”) previously adopted Resolution 2024-03, approving the proposed budget for Fiscal Year 2024/2025 and setting public hearing on said approved budget, pursuant to Chapter 190, Florida Statutes, for August 7, 2024, at 12:30 p.m. at the West Osceola Branch Library, 305 Campus Street, Celebration, Florida 34747 (“Original Location”) ; and

WHEREAS, due to the Original Location becoming unavailable subsequent to setting the public hearing and in order to keep the public hearing on the set date and time originally scheduled, the District Manager in consultation with the Chairman changed the location of the public hearing to be held at the Holiday Inn & Suites Orlando SW – Celebration, 5711 W. Irlo Bronson Memorial Highway, Kissimmee, Florida 34746 (“New Location”), and has caused published notices to be provided with the New Location on the same date and time, consistent with the requirements of Chapter 190, Florida Statutes; and.

WHEREAS, the Board desires to ratify the District Manager and Chairman’s actions in changing the location and noticing for the amended public hearing location.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  RATIFICATION OF PUBLIC HEARING LOCATION. The actions of the District Manager and Chairman in changing the location of the public hearing, and the District Secretary in publishing the notice of public hearing with such New Location pursuant to Chapter 190, Florida Statutes, are hereby ratified, confirmed and approved. Resolution 2024-03 is hereby amended to reflect that the public hearing location is changed as provided in this Resolution.

SECTION 2.	RESOLUTION 2024-03 OTHERWISE REMAINS IN FULL FORCE AND EFFECT.
Except as otherwise provided herein, all of the provisions of Resolution 2024-03 continue in full force and effect.

SECTION 3. SEVERABILITY. 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.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect upon its passage and adoption by the Board.

PASSED AND ADOPTED this 7th day of August 2024.

ATTEST:	LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chair, Board of Supervisors

Section V

Section A

RESOLUTION 2024-05
[FY 2025 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Lake Lizzie Community Development District (“District”) prior to June 15, 2024, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in
accordance with Section 189.016, Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Lake Lizzie Community Development District for the Fiscal Year Ending September 30, 2025.”

The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2025, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2025 or within 60 days following the end of the FY 2025 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 7TH DAY OF AUGUST 2024.
ATTEST:	LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	FY 2025 Budget

Lake Lizzie
Community Development District

Proposed Budget
FY2025

6M3

Table of Contents

1

2-4

5

	General Fund

	General Fund Narrative

	Debt Service - Series 2023

6		Amortization Schedule

Lake Lizzie
Community Development District General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						

Assessments - On Roll		
$	143,523	
$	143,835	
$	-	
$	143,835	
$	237,611	
Assessments - Direct		$	59,042	$	59,042	$	-	$	59,042	$	-	
Developer Contributions		$	-	$	8,795	$	-	$	8,795	$	-	
Total Revenues		$	202,566	$	211,673	$	-	$	211,673	$	237,611	

Expenditures							
General & Administrative							
Supervisor Fees		$	12,000	$	2,000	$	2,000	$	4,000	$	12,000	
FICA Expense		$	918	$	153	$	153	$	306	$	918	
Engineering		$	15,000	$	-	$	7,500	$	7,500	$	15,000	
Attorney		$	25,000	$	7,196	$	7,000	$	14,196	$	25,000	
Annual Audit		$	5,000	$	3,800	$	-	$	3,800	$	3,900	
Assessment Administration		$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage		$	450	$	-	$	450	$	450	$	900	
Dissemination		$	5,000	$	3,750	$	1,250	$	5,000	$	6,000	
Trustee Fees		$	5,000	$	-	$	4,041	$	4,041	$	8,081	
Management Fees		$	37,500	$	28,125	$	9,375	$	37,500	$	40,000	
Information Technology		$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance		$	1,200	$	900	$	300	$	1,200	$	1,200	
Telephone		$	300	$	-	$	50	$	50	$	300	
Postage & Delivery		$	1,000	$	62	$	38	$	100	$	1,000	
Insurance		$	6,000	$	5,000	$	-	$	5,000	$	6,000	
Printing & Binding		$	1,000	$	27	$	49	$	76	$	1,000	
Legal Advertising		$	15,000	$	733	$	4,267	$	5,000	$	15,000	
Contingency		$	3,938	$	582	$	194	$	776	$	5,000	
Office Supplies		$	625	$	1	$	19	$	20	$	625	
Travel Per Diem		$	660	$	-	$	50	$	50	$	660	
Dues, Licenses & Subscriptions		$	175	$	175	$	-	$	175	$	175	
Total Administrative		$	142,566	$	58,856	$	37,185	$	96,040	$	149,559	

Operation and Maintenance							
Field Expenditures							
Field Management		$	10,000	$	7,500	$	2,500	$	10,000	$	10,500	
Pond Mowing		$	30,000	$	15,452	$	5,151	$	20,602	$	30,000	
Pond Maintenance		$	10,000	$	4,968	$	1,656	$	6,624	$	12,000	
Contingency		$	10,000	$	-	$	2,500	$	2,500	$	35,552	
Total Field Expenditures		$	60,000	$	27,920	$	11,807	$	39,726	$	88,052	
							
Total Expenditures		$	202,566	$	86,775	$	48,991	$	135,766	$	237,611	
							
Excess Revenues/(Expenditures)		$	-	$	124,898	$	(48,991)	$	75,907	$	-	

Product	Total ERU	
Assessable Units	
ERU/Unit	
Net Assessment	
Net Per Unit	
Gross Per Unit	

Single Family 34'	
39	
52	
0.75	
$31,097	
$598.01	
$636.18	
Single Family 50'	259	259	1.00	$206,514	$797.35	$848.25	
Total ERU's	298	311		$237,611			

Lake Lizzie
Community Development District
General Fund Narrative

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:

General & 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 Expenditures

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 monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

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.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2023 Bonds and any additional bond issuance.

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.

Lake Lizzie
Community Development District
General Fund Narrative

Trustee Fees

The District will pay annual trustee fees for Revenue Bonds that are deposited with a Trustee.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services 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 of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Contingency

Bank charges and any other miscellaneous expenses incurred during the year.

Lake Lizzie
Community Development District
General Fund Narrative

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.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

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 expense under this category for the District.

Operations and Maintenance:

Field Expenditures

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Pond Mowing

This represents the mowing, and weed control on the turf in Pond tracts.

Pond Maintenance

Represents Pond maintenance for the District.

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Lake Lizzie
Community Development District Debt Service Fund
Series 2023

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments	$	-	$	240,547	$	-	$	240,547	$	240,025	
Interest Income	$	-	$	7,216	$	2,405	$	9,622	$	4,811	
Carry Forward Surplus *	$	-	$	60,320	$	-	$	60,320	$	106,527	
Total Revenues	$	-	$	308,084	$	2,405	$	310,489	$	351,362	

Expenses						
Interest- 11/01	$	-	$	58,965	$	-	$	58,965	$	91,978	
Principal - 05/01	$	-	$	50,000	$	-	$	50,000	$	55,000	
Interest - 05/01	$	-	$	93,103	$	-	$	93,103	$	91,978	
Total Expenditures	$	-	$	202,067	$	-	$	202,067	$	238,955	
Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(1,895)	$	-	$	(1,895)  $	-	
Total Other Financing Sources/(Uses)	$	-	$	(1,895)	$	-	$	(1,895)  $	-	

Excess Revenues/(Expenditures)

$

-

$

104,121	$

2,405	$

106,527	$

112,407

*Carry forward less amount in Reserve funds.

Series 2023
Interest - 11/01/25	$90,740

Net Assessments $	240,025
Add: Discounts & Collection 		$15,321  Gross Assessments 	$255,346 

Product *	Assessable Units	Annual Debt Service	Net Per Unit	Gross Per Unit	
Single Family 34'	52	$61,098.98	$1,174.98	$1,249.98	
Single Family 50'	141	$178,926.02	$1,268.98	$1,349.98	
Total ERU's	193	$240,025			

Lake Lizzie Community Development District Series 2023 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	3,485,000.00	$	
05/01/25	$	3,485,000.00	$	55	
11/01/25	$	3,315,000.00	$	
05/01/26	$	3,250,000.00	$	55	
11/01/26	$	3,250,000.00	$	
05/01/27	$	3,250,000.00	$	60	
11/01/27	$	3,250,000.00	$	
05/01/28	$	3,250,000.00	$	65	
11/01/28	$	3,250,000.00	$	
05/01/29	$	3,250,000.00	$	65	
11/01/29	$	3,185,000.00	$	
05/01/30	$	3,185,000.00	$	70	
11/01/30	$	3,115,000.00	$	
05/01/31	$	3,115,000.00	$	70	
11/01/31	$	2,890,000.00	$	
05/01/32	$	2,890,000.00	$	75	
11/01/32	$	2,890,000.00	$	
05/01/33	$	2,890,000.00	$	80	
11/01/33	$	2,890,000.00	$	
05/01/34	$	2,890,000.00	$	85	
11/01/34	$	2,805,000.00	$	
05/01/35	$	2,805,000.00	$	90	
11/01/35	$	2,715,000.00	$	
05/01/36	$	2,715,000.00	$	90	
11/01/36	$	2,625,000.00	$	
05/01/37	$	2,625,000.00	$	95	
11/01/37	$	2,530,000.00	$	
05/01/38	$	2,530,000.00	$	100	
11/01/38	$	2,430,000.00	$	
05/01/39	$	2,430,000.00	$	110	
11/01/39	$	2,320,000.00	$	
05/01/40	$	2,320,000.00	$	115	
11/01/40	$	2,205,000.00	$	
05/01/41	$	2,205,000.00	$	120	
11/01/41	$	1,960,000.00	$	
05/01/42	$	1,825,000.00	$	125	
11/01/42	$	1,825,000.00	$	
05/01/43	$	1,825,000.00	$	135	
11/01/43	$	1,825,000.00	$	
05/01/44	$	1,825,000.00	$	140	
11/01/44	$	1,685,000.00	$	
05/01/45	$	1,685,000.00	$	150	
11/01/45	$	1,535,000.00	$	
05/01/46	$	1,535,000.00	$	160	
11/01/46	$	1,375,000.00	$	
05/01/47	$	1,375,000.00	$	165	
11/01/47	$	1,210,000.00	$	
05/01/48	$	1,210,000.00	$	175	
11/01/48	$	1,035,000.00	$	
05/01/49	$	1,035,000.00	$	185	
11/01/49	$	850,000.00	$	
05/01/50	$	850,000.00	$	195	
11/01/50	$	655,000.00	$	
05/01/51	$	655,000.00	$	205	
11/01/51	$	450,000.00	$	
05/01/52	$	450,000.00	$	220	
11/01/52	$	230,000.00	$	
05/01/53	$	230,000.00	$	230	
			$	3,535	

$	91,977.50	$	235,080.00	
$	91,977.50		
$	90,740.00	$	237,717.50	
$	90,740.00		
$	89,502.50	$	235,242.50	
$	89,502.50		
$	88,152.50	$	237,655.00	
$	88,152.50		
$	86,690.00	$	239,842.50	
$	86,690.00		
$	85,195.00	$	236,885.00	
$	85,195.00		
$	83,585.00	$	238,780.00	
$	83,585.00		
$	81,975.00	$	235,560.00	
$	81,975.00		
$	80,250.00	$	237,225.00	
$	80,250.00		
$	78,410.00	$	238,660.00	
$	78,410.00		
$	76,157.50	$	239,567.50	
$	76,157.50		
$	73,772.50	$	239,930.00	
$	73,772.50		
$	71,387.50	$	235,160.00	
$	71,387.50		
$	68,870.00	$	235,257.50	
$	68,870.00		
$	66,220.00	$	235,090.00	
$	66,220.00		
$	63,305.00	$	239,525.00	
$	63,305.00		
$	60,257.50	$	238,562.50	
$	60,257.50		
$	57,077.50	$	237,335.00	
$	57,077.50		
$	53,765.00	$	235,842.50	
$	53,765.00		
$	50,187.50	$	238,952.50	
$	50,187.50		
$	46,337.50	$	236,525.00	
$	46,337.50		
$	42,212.50	$	238,550.00	
$	42,212.50		
$	37,812.50	$	240,025.00	
$	37,812.50		
$	33,275.00	$	236,087.50	
$	33,275.00		
$	28,462.50	$	236,737.50	
$	28,462.50		
$	23,375.00	$	236,837.50	
$	23,375.00		
$	18,012.50	$	236,387.50	
$	18,012.50		
$	12,375.00	$	235,387.50	
$	12,375.00		
$	6,325.00	$	238,700.00	
$	6,325.00	$	236,325.00	

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

,000.00  $

3,643,397.42  $

7,178,397.42

Section B

RESOLUTION 2024-06
[FY 2025 ASSESSMENT RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR FUNDING FOR THE FY 2025 ADOPTED BUDGET(S); PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lake Lizzie Community Development District (“District”) is a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District, located in Osceola County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the Board of Supervisors (“Board”) of the District has determined to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”), attached hereto as Exhibit A; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District may fund the Adopted Budget through the levy and imposition of special assessments on benefitted lands within the District and, regardless of the imposition method utilized by the District, under Florida law the District may collect such assessments by direct bill, tax roll, or in accordance with other collection measures provided by law; and

WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to
adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT:

FUNDING. The District’s Board hereby authorizes the funding mechanisms for the Adopted Budget as provided further herein and as indicated in the Adopted Budget attached hereto as Exhibit A and the assessment roll attached hereto as Exhibit B (“Assessment Roll”).

OPERATIONS AND MAINTENANCE ASSESSMENTS.

Benefit Findings. The provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibit A and Exhibit B and is hereby found to be fair and reasonable.

O&M Assessment Imposition. Pursuant to Chapter 190, Florida Statutes, a special assessment for operations and maintenance (“O&M Assessment(s)”) is hereby levied and imposed on benefitted lands within the District and in accordance with Exhibit A and Exhibit B. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.

Maximum Rate. Pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

DEBT SERVICE SPECIAL ASSESSMENTS. The District’s Board hereby certifies for collection the FY 2025 installment of the District’s previously levied debt service special assessments (“Debt Assessments,” and together with the O&M Assessments, the “Assessments”) in accordance with this Resolution and as further set forth in Exhibit A and Exhibit B, and hereby directs District staff to affect the collection of the same.

COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST. Pursuant to Chapter 190,
Florida Statutes, the District is authorized to collect and enforce the Assessments as set forth below.

Tax Roll Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on the “Tax Roll Property” identified in Exhibit B shall be collected by the County Tax Collector at the same time and in the same manner as County property taxes in accordance with Chapter 197, Florida Statutes (“Uniform Method”). That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County property taxes. The District’s Board finds and determines that such collection method is an efficient method of collection for the Tax Roll Property.

Direct Bill Assessments. To the extent indicated in Exhibit A and Exhibit B, those certain O&M Assessments (if any) and/or Debt Assessments (if any) imposed on “Direct Collect Property” identified in Exhibit B shall be collected directly by the District in accordance with Florida law, as set forth in Exhibit A and Exhibit B. The District’s Board finds and determines that such collection method is an efficient method of collection for the Direct Collect Property.

Due Date (O&M Assessments). O&M Assessments directly collected by the District shall be due and payable in full on October 1, 2024; provided, however, that, to the extent permitted by law, the O&M Assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than October 1, 2024, 25% due
no later than February 1, 2025 and 25% due no later than April 1, 2025.

Due Date (Debt Assessments). Debt Assessments directly collected by the District shall be due and payable in full on October 1, 2024; provided,

however, that, to the extent permitted by law, the Debt Assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than October 1, 2024, 25% due no
later than February 1, 2025 and 25% due no later than April 1, 2025.

In the event that an Assessment payment is not made in accordance with the schedule(s) stated above, the whole of such Assessment, including any remaining partial, deferred payments for the Fiscal Year: shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent Assessments shall accrue at the rate of any bonds secured by the Assessments, or at the statutory prejudgment interest rate, as applicable. In the event an Assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole Assessment, as set forth herein.

Future Collection Methods. The District’s decision to collect Assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

ASSESSMENT ROLL; AMENDMENTS. The Assessment Roll, attached hereto as Exhibit B, is hereby certified for collection. The Assessment Roll shall be collected pursuant to the collection methods provided above. The proceeds therefrom shall be paid to the District. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll.

SEVERABILITY. 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.

EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

[CONTINUED ON NEXT PAGE]

PASSED AND ADOPTED this 7th day of August 2024.

ATTEST:	LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Lake Lizzie CDD
FY 25 Assessment Roll			
			
Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5325-0001-0010	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0020	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0030	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0040	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0050	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0060	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0070	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0080	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0090	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0100	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0110	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0120	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0130	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0140	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0150	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0160	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0170	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0180	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0190	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0200	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0210	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0220	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0230	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0240	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0250	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0260	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0270	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0280	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0290	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0300	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0310	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0320	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0330	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0340	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0350	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0360	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0370	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0380	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0390	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0400	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0410	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0420	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0430	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0440	1	50'	$848.25	$1,349.98	$2,198.23	

Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5325-0001-0450	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0460	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0470	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0480	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0490	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-0500	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0510	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0520	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0530	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0540	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0550	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0560	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0570	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0580	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0590	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0600	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0610	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0620	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0630	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0640	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0650	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0660	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0670	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0680	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0690	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0700	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0710	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0720	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0730	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0740	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0750	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0760	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0770	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0780	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0790	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0800	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0810	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0820	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0830	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0840	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0850	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0860	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0870	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0880	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0890	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0900	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0910	1	34'	$636.18	$1,249.98	$1,886.16	

Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5325-0001-0920	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0930	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0940	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0950	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0960	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0970	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0980	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-0990	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-1000	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-1010	1	34'	$636.18	$1,249.98	$1,886.16	
03-26-31-5325-0001-1020	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1030	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1040	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1050	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1060	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1070	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1080	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1090	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1100	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1110	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1120	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1130	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1140	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1150	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1160	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1170	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1180	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1190	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1200	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1210	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1220	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1230	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1240	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1250	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1260	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1270	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1280	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1290	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1300	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1310	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1320	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1330	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1340	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1350	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1360	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1370	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1380	1	50'	$848.25	$1,349.98	$2,198.23	

Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5325-0001-1390	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1400	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1410	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1420	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1430	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1440	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1450	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1460	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1470	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1480	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1490	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1500	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1510	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1520	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1530	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1540	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1550	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1560	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1570	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1580	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1590	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1600	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1610	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1620	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1630	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1640	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1650	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1660	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1670	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1680	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1690	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1700	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1710	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1720	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1730	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1740	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1750	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1760	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1770	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1780	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1790	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1800	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1810	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1820	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1830	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1840	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1850	1	50'	$848.25	$1,349.98	$2,198.23	

Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5325-0001-1860	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1870	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1880	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1890	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1900	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1910	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1920	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5325-0001-1930	1	50'	$848.25	$1,349.98	$2,198.23	
03-26-31-5326-0001-1940	1	50'	$848.25		$848.25	
03-26-31-5326-0001-1950	1	50'	$848.25		$848.25	
03-26-31-5326-0001-1960	1	50'	$848.25		$848.25	
03-26-31-5326-0001-1970	1	50'	$848.25		$848.25	
03-26-31-5326-0001-1980	1	50'	$848.25		$848.25	
03-26-31-5326-0001-1990	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2000	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2010	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2020	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2030	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2040	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2050	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2060	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2070	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2080	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2090	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2100	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2110	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2120	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2130	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2140	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2150	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2160	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2170	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2180	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2190	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2200	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2210	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2220	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2230	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2240	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2250	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2260	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2270	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2280	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2290	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2300	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2310	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2320	1	50'	$848.25		$848.25	

Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5326-0001-2330	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2340	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2350	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2360	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2370	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2380	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2390	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2400	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2410	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2420	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2430	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2440	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2450	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2460	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2470	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2480	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2490	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2500	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2510	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2520	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2530	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2540	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2550	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2560	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2570	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2580	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2590	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2600	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2610	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2620	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2630	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2640	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2650	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2660	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2670	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2680	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2690	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2700	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2710	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2720	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2730	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2740	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2750	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2760	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2770	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2780	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2790	1	50'	$848.25		$848.25	

Parcel ID	Units	Type	O&M	Debt	Total	
03-26-31-5326-0001-2800	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2810	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2820	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2830	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2840	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2850	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2860	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2870	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2880	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2890	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2900	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2910	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2920	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2930	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2940	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2950	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2960	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2970	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2980	1	50'	$848.25		$848.25	
03-26-31-5326-0001-2990	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3000	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3010	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3020	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3030	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3040	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3050	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3060	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3070	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3080	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3090	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3100	1	50'	$848.25		$848.25	
03-26-31-5326-0001-3110	1	50'	$848.25		$848.25	
Total Gross Assessments	311		$252,778.11	$255,346.14	$508,124.25	
						
Total Net Assessments			$237,611.42	$240,025.37	$477,636.79	

Section VI

LAKE LIZZIE
COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE PERIOD FROM INCEPTION OCTOBER 25, 2022 TO SEPTEMBER 30, 2023

LAKE LIZZIE 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 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 Florida Statute 218.39(3)(c)	23	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH 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
Lake Lizzie Community Development District Osceola County, Florida

951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
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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 Lake Lizzie Community Development District, Osceola County, Florida (“District”) as of and for the period from inception October 25, 2022 to September 30, 2023, 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, 2023, and the respective changes in financial position thereof for the period from inception October 25, 2022 to September 30, 2023 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 26, 2024, 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.

June 26, 2024

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Lake Lizzie Community Development District, Osceola County, Florida (“District”) provides a narrative overview of the District’s financial activities for the period from its inception October 25, 2022 to September 30, 2023. 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.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (“GASB”) No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments issued June 1999. Comparative information between the current year and the prior year is required to be presented in the Management’s Discussion and Analysis (“MD&A”). However, because this is the first year of operations of the District, comparative information is excluded in this report. Subsequent reports will include the comparative information.
FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $5,106,018.

The change in the District’s total net position was $5,106,018, 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, 2023, the District’s governmental funds reported combined ending fund balance of $192,225. The total fund balance is restricted for debt service and capital projects and the remainder is unassigned fund balance.
OVERVIEW OF FINANCIAL STATEMENTS

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

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

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

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

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

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

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

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

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

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

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

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

Key components of the District’s net position are reflected in the following table:
NET POSITION SEPTEMBER 30,

		2023		
Current and other assets	 $	196,104 	
Capital assets, net of depreciation		8,497,931 	
Total assets		8,694,035 	
Current liabilities	53,017	
Long-term liabilities		3,535,000 	
Total liabilities		3,588,017 	
Net position		
Net investment in capital assets	4,969,937	
Restricted	131,194	
Unrestricted		4,887 	
Total net position	 $	5,106,018 	

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

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

Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 ENDED SEPTEMBER 30,
	2023	
Revenues:
Program revenues
Operating grants and contributions	$	67,535	
Capital grants and contributions		5,405,401 	
Total revenues		5,472,936 	
Expenses:		
General government	61,293	
Bond issue costs	256,487	
Interest		49,138 	
Total expenses		366,918 	
Change in net position		5,106,018 	
Net position - beginning		-		
Net position - ending	 $	5,106,018 	

As noted above and in the statement of activities, the cost of all governmental activities for the period from inception October 25, 2022 to September 30, 2023 was $366,918. The costs of the District’s activities were primarily funded by program revenues which were comprised of Developer contributions. The District also received funds from investment earnings which are included in program revenues. Bond issue costs were covered by bond proceeds.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the Board of Supervisors of 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 period from inception October 25, 2022 to September 30, 2023.
CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2023, the District had $8,497,931 invested in capital assets which represents infrastructure under construction. In the government-wide financial statements no depreciation has been taken. More detailed information about the District’s capital assets is presented in the notes of the financial statements.
Capital Debt
At September 30, 2023, the District had $3,535,000 Bonds outstanding. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

Subsequent to the period of inception October 25, 2022 to September 30, 2023, the District anticipates an increase in operations as the District is built out.
CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide property 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 Lake Lizzie Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, FL 32801.

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash and cash equivalents	$	5,357	
Due from Developer	3,409	
Restricted assets:		
Investments	187,338	
Capital assets:		
Nondepreciable		8,497,931 	
Total assets		8,694,035 	
LIABILITIES		
Accounts payable	1,006	
Contracts payable	2,873	
Accrued interest payable	49,138	
Non-current liabilities:		
Due within one year	50,000	
Due in more than one year		3,485,000 	
Total liabilities		3,588,017 	
NET POSITION		
Net investment in capital assets	4,969,937	
Restricted for debt service	131,194	
Unrestricted		4,887 	
Total net position	 $	5,106,018 	

See notes to the financial statements

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF ACTIVITIES
FOR THE PERIOD FROM INCEPTION OCTOBER 25, 2022 TO SEPTEMBER 30, 2023

Net (Expense) Revenue and Changes in Net
	Program Revenues	Position  

Operating Grants and

Capital Grants and

Governmental

Functions/Programs		Expenses	Contributions	Contributions	Activities	 Primary government:
Governmental activities:

General government

$	61,293	$

66,180	$

-	$	4,887

Maintenance and operations				-		-	5,405,401	5,405,401 Interest on long-term debt			49,138	1,355		-			(47,783) Bond issue costs		256,487		-		-		(256,487) 
Total governmental activities		366,918	67,535	5,405,401	5,106,018 

Change in net position		5,106,018 
Net position - beginning		-	
Net position - ending	 $	5,106,018 

See notes to the financial statements

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

ASSETS		
Cash and cash equivalents	$	5,357	$	-	$	-	$	5,357	
Investments	-	180,332	7,006	187,338	
Due from Developer	536	-	2,873	3,409	
Total assets	$	5,893	$	180,332	$	9,879	$	196,104	

LIABILITIES, AND FUND BALANCES
Liabilities:
Accounts payable	$	1,006	$	-	$	-	$	1,006	
Contracts payable	-	-	2,873	2,873	
Total liabilities	1,006	-	2,873	3,879	

Fund balances:
Restricted for:		
Debt service		-		180,332		-		180,332	
Capital projects		-		-		7,006		7,006	
Unassigned		4,887		-		-		4,887	
Total fund balances		4,887		180,332		7,006		192,225	

Total liabilities and fund balances	
$	
5,893	
$	
180,332	
$	
9,879	
$	
196,104	

See notes to the financial statements

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Fund balance - governmental funds	$	192,225
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	8,497,931
Accumulated depreciation		-   8,497,931
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	(49,138)
Bonds payable	 (3,535,000) (3,584,138)  Net position of governmental activities		$ 5,106,018

See notes to the financial statements

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE PERIOD FROM INCEPTION OCTOBER 25, 2022 TO SEPTEMBER 30, 2023

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

REVENUES
Developer contributions	
$	66,180	
$	-	
$	2,873	
$	69,053	
Interest earnings	-	1,355	22,228	23,583	
Total revenues	66,180	1,355	25,101	92,636	

EXPENDITURES
Current:
General government	

61,293	

-	

-	

61,293	
Debt service:
Bond issuance costs	
-	
-	
256,487	
256,487	
Capital outlay	-	-	3,117,631	3,117,631	
Total expenditures	61,293	-	3,374,118	3,435,411	
Excess (deficiency) of revenues over (under) expenditures	

4,887	

1,355	

(3,349,017)	

(3,342,775)	

OTHER FINANCING SOURCES (USES)
Bond proceeds	

-	

178,977	

3,356,023	

3,535,000	
Total other financing sources (uses)	-	178,977	3,356,023	3,535,000	

Net change in fund balances	
4,887	
180,332	
7,006	
192,225	
Fund balances - beginning	-	-	-	-	

Fund balances - ending	
$	4,887	
$	180,332	
$	7,006	
$	192,225	

See notes to the financial statements

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE PERIOD FROM INCEPTION OCTOBER 25, 2022 TO SEPTEMBER 30, 2023

Net change in fund balances - total governmental funds	$	192,225	
Amounts reported for governmental activities in the statement of activities are different because:		
Governmental funds report capital outlays as expenditures; however, the cost of those assets is eliminated in the statement of activities and capitalized in the statement of net position.	

3,117,631	
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long- term liabilities in the statement of net position.	

(3,535,000)	
The statement of activities reports noncash contributions as revenues, but these revenues are not reported in the governmental fund financial statements.	

5,380,300	
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.	

	(49,138) 	
Change in net position of governmental activities	$	5,106,018	

See notes to the financial statements

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Lake Lizzie Community Development District (the "District") was established by the Board of County Commissioners of Osceola County’s adoption of Ordinance No. 2022-108 effective on October 25, 2022 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the 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 governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. As of September 30, 2023, three of the Board members are affiliated with Hanover Tyson, LLC and its affiliated entities (“Developer”).

The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

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

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to 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.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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 and assessment 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 District’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, equipment, and infrastructure assets (e.g., stormwater management facilities) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

No depreciation has been taken in the current fiscal year as the District’s infrastructure and other capital assets are under construction.

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

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

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations (Continued)
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 hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
Budget changes must be generally approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS
Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.
Investments
The District’s investments were held as follows at September 30, 2023:

 Amortized Cost	Credit Risk	Maturities	

US Bank Gcts 0490

 $	187,338 
 $	187,338 

N/A

N/A

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.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.
NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2023 was as follows:

Beginning Balance

Additions	Reductions

Ending Balance

Governmental activities
Capital assets, not being depreciated		
Infrastructure under construction	$	-	$	8,497,931	$	-	$	8,497,931	
Total capital assets, not being depreciated	-	8,497,931	-	8,497,931	

Governmental activities capital assets, net	
$	-	$	8,497,931	
$	-	$	8,497,931	
The infrastructure intended to serve the District has been estimated at a total cost of approximately
$18,372,400. A portion of the project costs was financed with the proceeds from the issuance of Series 2023 Bonds with the remainder to be funded by additional issue of Bonds in the future or contributed by the Developer and conveyed to the District. Upon completion, certain improvements are to be conveyed to other public entities for ownership and maintenance responsibilities. The Developer contributed
$5,380,300 of infrastructure improvements to the District during the current fiscal year. The majority of the current year improvements were acquired from the Developer.
NOTE 6 – LONG-TERM LIABILITIES

Series 2023 Bonds
On July 7, 2023, the District issued $3,535,000 of Capital Improvement Revenue Bonds, Series 2023, consisting of multiple term bonds with due dates ranging from May 1, 2028 – May 1, 2053 and fixed interest rates ranging from 4.50% to 5.50%. The Bonds were issued to finance the acquisition and/or construction of certain improvements of the District’s capital improvement plan. 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, 2024 through May 1, 2053.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

Series 2023 Bonds (Continued)
The Series 2023 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, 2023.

Changes in long-term liability activity for the fiscal year ended September 30, 2023 were as follows:

Governmental activities Bonds payable:

Beginning Balance

Additions	Reductions

Ending Balance

Due Within One Year

Series 2023	$	-	$	3,535,000	$	-	$	3,535,000	$	50,000	
Total	$	-	$	3,535,000	$	-	$	3,535,000	$	50,000	

At September 30, 2023, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2024	$	50,000	$	152,068	$	202,068	
2025	55,000	183,955	238,955	
2026	55,000	181,480	236,480	
2027	60,000	179,005	239,005	
2028	65,000	176,305	241,305	
2029-2033	360,000	835,390	1,195,390	
2034-2038	460,000	737,195	1,197,195	
2039-2043	605,000	601,250	1,206,250	
2044-2048	790,000	419,650	1,209,650	
2049-2053		1,035,000	177,100	1,212,100 	
	 $	3,535,000	$	3,643,398	$	7,178,398 	

NOTE 7 - DEVELOPER TRANSACTIONS

The Developer has agreed to fund the general operations of the District.	In connection with that agreement, Developer contributions to the general fund was $66,180, which includes a receivable of
$536.
NOTE 8 - CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer and major landowners, the loss of which could have a material adverse effect on the District’s operations.
NOTE 9 - MANAGEMENT COMPANY

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

NOTE 10 - RISK MANAGEMENT

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

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND
FOR THE PERIOD FROM INCEPTION OCTOBER 25, 2022 TO SEPTEMBER 30, 2023

	Budgeted Amounts Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	

REVENUES				
Developer Contributions	$	114,178	$	66,180	$	(47,998)	
Total revenues	114,178	66,180	(47,998)	

EXPENDITURES
Current:				
General government	114,178	61,293	52,885	
Total expenditures	114,178	61,293	52,885	

Excess (deficiency) of revenues over (under) expenditures	

 $	-		

4,887	

 $	4,887 	
Fund balance - beginning			-			
Fund balance - ending		 $	4,887 		

See notes to required supplementary information

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
The District is required to establish a budgetary system and an adopted 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 period from inception October 25, 2022 to September 30, 2023.

LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE PERIOD FROM INCEPTION OCTOBER 25, 2022 TO SEPTEMBER 30, 2023 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.	
2	
Employee compensation	$	2,000.00	
Independent contractor compensation	$	59,140.27	
Construction projects to begin on or after October 1; ($65K)		

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 - N/A
Debt service - N/A	
Special assessments collected	$	-	
Outstanding Bonds:	see Note 7 for details.	

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

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

To the Board of Supervisors
Lake Lizzie 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 the major fund of Lake Lizzie Community Development District, Osceola County, Florida (“District”) as of and for the period of inception October 25, 2022 to September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 26, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

June 26, 2024

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

INDEPENDENT AUDITOR’S REPORT ON 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
Lake Lizzie Community Development District Osceola County, Florida
We have examined Lake Lizzie 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 period from inception October 25, 2022 to September 30, 2023. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the period from inception October 25, 2022 to September 30, 2023.

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

June 26, 2024

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

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Lake Lizzie Community Development District Osceola County, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of Lake Lizzie Community Development District, Osceola County, Florida ("District") as of and for the period from inception October 25, 2022 to September 30, 2023, and have issued our report thereon dated June 26, 2024.
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 June 26, 2024, 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 Lake Lizzie 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 Lake Lizzie Community Development District, Osceola County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 26, 2024

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

N/A – first year audit

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.
N/A – first year audit.
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 period from inception October 25, 2022 to September 30, 2023.
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 period from inception October 25, 2022 to September 30, 2023.
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. 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

Section C

Landscape Maintenance Services Proposal
prepared for
LAKE LIZZIE CDD

May 3, 2024

ALAN SCHEERER

GOVERMENTAL MANAGEMENT SERVICES
FIELD MANAGER

SERVICE MAP
The image below depicts the boundaries of the serviceable areas of your landscape as understood for the purposes of developing this proposal.

Landscape Maintenance Services Proposal	1

MONTHLY GRAND TOTAL

$790

ANNUAL GRAND TOTAL

$9,480

YOUR INVESTMENT

Note: Maintenance services included in this proposal include mowing, string trimming, and cleanup of bahia turf areas surrounding the two ponds. Upkeep of trees and plant beds falls under responsibility of the homeowners association.

J.L

Landscape Maintenance Services Proposal	2

Landscape Maintenance Services Proposal

3

SCOPE AND SERVICES

Yellowstone Landscape will provide extra services and/or landscape enhancements over and above the service listed below as part of the landscape maintenance agreement at an additional charge with written approval from an authorized management representative of the Client.

SERVICE

30

Bahia Pond Mowing Services

(Mowing, String Trimming, Cleanup)

THANK YOU FOR YOUR TRUST
We look forward to working with you!

YELLOWSTONELANDSCAPE.COM

Section D

Section 1

Lake Lizzie
Community Development District

	Summary of Checks	

April 1, 2024 to June 30, 2024

Bank	Date	Check No.'s	Amount	

General Fund				
	4/5/24	57	$	1,575.00	
	4/15/24	58	$	4,657.24	
	4/19/24	59	$	552.00	
	5/3/24	60	$	448.50	
	5/14/24	61-62	$	5,189.75	
	5/24/24	63	$	2,064.15	
	6/5/24	64-65	$	4,794.00	
	6/14/24	66-67	$	5,178.35	
	6/25/24	68	$	3,150.00	
	6/28/24	69	$	1,109.10	
			$	28,718.09	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/31/24	PAGE	1
*** CHECK DATES 04/01/2024 - 06/30/2024 ***	LAKE LIZZIE GENERAL FUND
BANK A LAKE LIZZE CDD-GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/05/24 00013	4/01/24 1220	202403 320-53800-46200	*	1,575.00
LANDSCAPE MAINT MAR24
FLORIDA LANDSCAPE SERVICE OF	1,575.00 000057

4/15/24 00001	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
24	202404 310-51300-34000	*	3,125.00
MANAGEMENT FEES APR24
24	202404 310-51300-35200	*	100.00
WEBSITE ADMIN APR24
24	202404 310-51300-35100	*	150.00
INFORMATION TECH APR24
24	202404 310-51300-31300	*	416.67
DISSEMINATION SVCS APR24
24	202404 310-51300-51000	*	.09
OFFICE SUPPLIES APR24
24	202404 310-51300-42000	*	32.15
POSTAGE APR24
25	202404 320-53800-34000	*	833.33
FIELD MANAGEMENT APR24
GOVERNMENTAL MANAGEMENT SERVICES	4,657.24 000058
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/24 00010	3/31/24 218729	202403 320-53800-47000	*	552.00
LAKE MAINTENANCE MAR24
APPLIED AQUATIC MANAGEMENT, INC.	552.00 000059
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/03/24 00004	4/30/24 3382840	202403 310-51300-31500	*	448.50
GENERAL COUNSEL MAR24
KUTAK ROCK LLP	448.50 000060
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00010	4/30/24 219405	202404 320-53800-47000	*	552.00
LAKE MAINTENANCE APR24
APPLIED AQUATIC MANAGEMENT, INC.	552.00 000061
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00001	5/01/24 26	202405 310-51300-34000	*	3,125.00
MANAGEMENT FEES MAY24
5/01/24 26	202405 310-51300-35200	*	100.00
WEBSITE ADMIN MAY24
5/01/24 26	202405 310-51300-35100	*	150.00
INFORMATION TECH MAY24
5/01/24 26	202405 310-51300-31300	*	416.67
DISSEMINATION SVCS MAY24
5/01/24 26	202405 310-51300-51000	*	.09
OFFICE SUPPLIES MAY24
5/01/24 26	202405 310-51300-42000	*	6.81
POSTAGE MAY24
5/01/24 26	202405 310-51300-42500	*	5.85
COPIES MAY24
LLIZ LAKE LIZZI	IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/31/24	PAGE	2
*** CHECK DATES 04/01/2024 - 06/30/2024 ***	LAKE LIZZIE GENERAL FUND
BANK A LAKE LIZZE CDD-GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/01/24 27	202405 320-53800-34000	*	833.33
FIELD MANAGEMENT MAY24
GOVERNMENTAL MANAGEMENT SERVICES	4,637.75 000062
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/24 00013	5/13/24 1227	202404 320-53800-46200	*	2,064.15

- - - - - - - - 6/05/24 00015	FLORIDA LANDSCAPE SERVICE OF
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/01/24 25483	202404 310-51300-32200	-	-	-	-	-	- -
*	-	-	-	-	-	- - - - -	2,064.15
- - - - -	000063
- - -	
	5/07/24 25718	202405 310-51300-32200						*						800.00			
	AUDIT FYE 09/30/23															
	GRAU & ASSOCIATES													3,800.00	000064	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
6/05/24 00004	5/28/24 3396063	202404 310-51300-31500						*						994.00			
	GENERAL COUNSEL APR24															
	KUTAK ROCK LLP													994.00	000065	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
6/14/24 00010	5/31/24 220159	202405 320-53800-47000						*						552.00			

LANDSCAPE MAINT APR24

AUDIT FYE 09/30/23

3,000.00

LAKE MAINTENANCE MAY24

APPLIED AQUATIC MANAGEMENT, INC.	552.00 000066

6/14/24 00001	6/01/24	
	6/01/24	
	6/01/24	
	6/01/24	
	6/01/24	
	6/01/24	
	6/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
28	202406 310-51300-34000	*	3,125.00
MANAGEMENT FEES JUN24
28	202406 310-51300-35200	*	100.00
WEBSITE ADMIN JUN24
28	202406 310-51300-35100	*	150.00
INFORMATON TECH JUN24
28	202406 310-51300-31300	*	416.67
DISSEMINATION SVCS JUN24
28	202406 310-51300-51000	*	.06
OFFICE SUPPLIES JUN24
28	202406 310-51300-42000	*	1.29
POSTAGE JUN24
29	202406 320-53800-34000	*	833.33
FIELD MANAGEMENT JUN24
GOVERNMENTAL MANAGEMENT SERVICES	4,626.35 000067
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/24 00013	6/19/24 1240	202405 320-53800-46200	*	3,150.00
LANDSCAPE MAINT MAY24
FLORIDA LANDSCAPE SERVICE OF	3,150.00 000068
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/28/24 00004	6/27/24 3411386	202405 310-51300-31500	*	1,109.10
GENERAL COUNSEL MAY24
KUTAK ROCK LLP	1,109.10 000069
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	28,718.09 LLIZ LAKE LIZZI	IARAUJO

Section 2

Lake Lizzie
Community Development District

Unaudited Financial Reporting
June 30, 2024

Table of Contents

	Balance Sheet

	General Fund

	Debt Service

	Capital Projects

	Month to Month

	Assessment Receipt Schedule

	Long-Term Debt

Lake Lizzie
Community Development District Combined Balance Sheet
June 30, 2024

General Fund

Debt Service Fund

Capital Projects Fund

Totals Governmental Funds

Assets:
Operating Account	
$	130,337	
$	-	
$	-	
$	130,337	
Due from Developer
Investments:	$	-	$	-	$	203	$	203	
Series 2023				
Reserve	$	-	$	120,013	$	-	$	120,013	
Revenue	$	-	$	104,121	$	-	$	104,121	
Construction	$	-	$	-	$	9,770	$	9,770	
Cost of Issuance	$	-	$	-	$	22	$	22	
Total Assets	$	130,337	$	224,134	$	9,995	$	364,466	
Liabilities:				
Accounts Payable	$	552	$	-	$	203	$	755	
Total Liabilites	$	552	$	-	$	203	$	755	

Fund Balance:
Restricted For:
Debt Service - Series 2022	

$	

-	$	224,134	$	-	

$	224,134	
Capital Projects	$	-	$	-	$	9,792	$	9,792	
Unassigned	$	129,785	$	-	$	-	$	129,785	
Total Fund Balances	$	129,785	$	224,134	$	9,792	$	363,711	
					
Total Liabilities & Fund Balance	$	130,337	$	224,134	$	9,995	$	364,466	

Lake Lizzie
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:		
Assessments - On Roll	$	143,523	$	143,523	$	143,835	$	312	
Assessments - Direct	$	59,042	$	59,042	$	59,043	$	1	
Developer Contributions	$	-	$	-	$	8,795	$	8,795	
Total Revenues	$	202,566	$	202,565	$	211,673	$	9,108	

Expenditures:					
General & Administrative:					
Supervisors Fees	$	12,000	$	9,000	$	2,000	$	7,000	
FICA Expense	$	918	$	689	$	153	$	536	
Engineering	$	15,000	$	11,250	$	-	$	11,250	
Attorney	$	25,000	$	18,750	$	7,196	$	11,554	
Annual Audit	$	5,000	$	5,000	$	3,800	$	1,200	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	3,750	$	3,750	$	-	
Trustee Fees	$	5,000	$	-	$	-	$	-	
Management Fees	$	37,500	$	28,125	$	28,125	$	-	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Telephone	$	300	$	225	$	-	$	225	
Postage & Delivery	$	1,000	$	750	$	62	$	688	
Insurance	$	6,000	$	6,000	$	5,000	$	1,000	
Printing	$	1,000	$	750	$	27	$	723	
Legal Advertising	$	15,000	$	11,250	$	733	$	10,517	
Contingency	$	3,938	$	2,954	$	582	$	2,371	
Office Supplies	$	625	$	469	$	1	$	467	
Travel Per Diem	$	660	$	495	$	-	$	495	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	142,566	$	106,881	$	58,856	$	48,025	

Operation and Maintenance					
Field Expenditures
Field Management	

$	10,000	

$	7,500	

$	7,500	

$	-	
Pond Mowing	$	30,000	$	22,500	$	15,452	$	7,048	
Pond Maintenance	$	10,000	$	7,500	$	4,968	$	2,532	
Contingency	$	10,000	$	7,500	$	-	$	7,500	
Subtotal	$	60,000	$	45,000	$	27,920	$	17,080	
					
Total O&M Expenditures:	$	60,000	$	45,000	$	27,920	$	17,080	
					
Total Expenditures	$	202,566	$	151,881	$	86,775	$	65,105	
					
Excess Revenues (Expenditures)	$	-		$	124,898		
					
Fund Balance - Beginning	$	-		$	4,887		
					
Fund Balance - Ending	$	-		$	129,785		

Lake Lizzie
Community Development District Debt Service Fund - Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:		
Assessments	$	-	$	-	$	240,547	$	240,547	
Interest	$	-	$	-	$	7,216	$	7,216	
Total Revenues	$	-	$	-	$	247,763	$	247,763	

Expenditures:					
Interest Expense 11/1	$	-	$	-	$	58,965	$	(58,965)	
Principal Expense 5/1	$	-	$	-	$	50,000	$	(50,000)	
Interest Expense 5/1	$	-	$	-	$	93,103	$	(93,103)	
Total Expenditures	$	-	$	-	$	202,067	$	(202,067)	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(1,895)	$	1,895	
Total Other Financing Sources (Uses)	$	-	$	-	$	(1,895)	$	1,895	
					
Excess Revenues (Expenditures)	$	-	$	43,801		
					
Fund Balance - Beginning	$	-	$	180,333		
					
Fund Balance - Ending	$	-	$	224,134		

Lake Lizzie
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:		
Developer Advance	$	-	$	-	$	203	$	203	
Interest	$	-	$	-	$	345	$	345	
Total Revenues	$	-	$	-	$	548	$	548	

Expenditures:					
Capital Outlay-Construction	$	-	$	-	$	203	$	(203)	
Total Expenditures	$	-	$	-	$	203	$	(203)	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	2,440	$	(2,440)	
Total Other Financing Sources (Uses)	$	-	$	-	$	2,440	$	(2,440)	
					
Excess Revenues (Expenditures)	$	-	$	2,786		
					
Fund Balance - Beginning	$	-	$	7,006		
					
Fund Balance - Ending	$	-	$	9,792		

Lake Lizzie
Community Development District Month to Month

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

Revenues:														
Assessment - On Roll	$	-	$	-	$	143,646	$	190	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	143,835	
Assessment - Direct	$	29,521	$	-  $	-	$	-	$	14,761	$	-	$	-	$	14,761	$	-	$	-  $	-  $	-  $	59,043	
Developer Contributions	$	8,795	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	8,795	
Total Revenues	$	38,316	$	-  $	143,646	$	190	$	14,761	$	-	$	-	$	14,761	$	-	$	-  $	-  $	-  $  211,673	

Expenditures:										
General & Administrative:										
Supervisor Fees	$	-	$	-  $	1,200	$	-	$	400	$	-	$	-	$	400	$	-	$	-  $	-  $	-  $	2,000	
FICA Expenditures	$	-	$	-  $	92	$	-	$	31	$	-	$	-	$	31	$	-	$	-  $	-  $	-  $	153	
Engineering	$	-	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Attorney	$	7,196	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	7,196	
Annual Audit	$	-	$	-  $	-	$	-	$	-	$	-	$	3,000	$	800	$	-	$	-  $	-  $	-  $	3,800	
Assessment Administration	$	5,000	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Disemination Fees	$	417	$	417  $	417	$	417	$	417	$	417	$	417	$	417	$	417	$	-  $	-  $	-  $	3,750	
Trustee Fees	$	-	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Management Fees	$	3,125	$	3,125  $	3,125	$	3,125	$	3,125	$	3,125	$	3,125	$	3,125	$	3,125	$	-  $	-  $	-  $	28,125	
Information Technology	$	150	$	150  $	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350	
Website Maintenance **	$	100	$	100  $	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900	
Telephone	$	-	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Postage & Delivery	$	1	$	1  $	3	$	4	$	6	$	7	$	32	$	7	$	1	$	-  $	-  $	-  $	62	
Insurance	$	5,000	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000	
Printing	$	2	$	4  $	2	$	1	$	-	$	12	$	-	$	6	$	-	$	-  $	-  $	-  $	27	
Legal Advertising	$	-	$	227  $	276	$	231	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	733	
Contingency	$	8	$	8  $	8	$	46	$	359	$	38	$	39	$	38	$	38	$	-  $	-  $	-  $	582	
Office Supplies	$	0	$	0  $	0	$	0	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	1	
Travel Per Diem	$	-	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175	
Total General & Administrative:	$	21,174	$	4,032  $	5,372	$	4,074	$	4,588	$	3,849	$	6,862	$	5,073	$	3,831	$	-  $	-  $	-  $	58,856	

Operation and Maintenance										
Field Expenses
Field Management	

$	833	

$	833  $	833	

$	833	

$	833	

$	833	

$	833	

$	833	

$	833	

$	-  $	-  $	-  $	7,500	
Pond Mowing	$	-	$	-  $	5,513	$	1,575	$	1,575	$	1,575	$	2,064	$	3,150	$	-	$	-  $	-  $	-  $	15,452	
Pond Maintenance	$	552	$	552  $	552	$	552	$	552	$	552	$	552	$	552	$	552	$	-  $	-  $	-  $	4,968	
Contingency	$	-	$	-  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Subtotal	$	1,385	$	1,385  $	6,898	$	2,960	$	2,960	$	2,960	$	3,449	$	4,535	$	1,385	$	-  $	-  $	-  $	27,920	
										
Total Expenditures	$	22,560	$	5,417  $	12,270	$	7,035	$	7,548	$	6,809	$	10,312	$	9,609	$	5,217	$	-  $	-  $	-  $	86,775	
										
Excess Revenues (Expenditures)	$	15,757	$	(5,417)  $	131,376	$	(6,845)	$	7,213	$	(6,809)	$	(10,312)	$	5,152	$	(5,217)	$	-  $	-  $	-  $  124,898	

Lake Lizzie
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

	Gross Assessments		$	152,684.61	$ 255,346.14	$	408,030.75	
	Net Assessments		$	143,523.53	$ 240,025.37	$	383,548.91	
			37%	63%	100%	
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	Debt Service	Total	

12/8/23	
ACH	
$	65,946.90	
$	(2,637.90)	
$	(1,266.18)	
$	-	$	
62,042.82	
$	23,216.35	
$ 38,826.47	
$	62,042.82	
12/21/23	ACH	$	342,083.85	$  (13,683.63)	$	(6,568.00)	$	-	$	321,832.22	$  120,429.22	$ 201,403.00	$	321,832.22	
1/31/24	ACH	$	-	$	-	$	-	$	507.51	$	507.51	$	189.91	$	317.60	$	507.51	
Total	$	408,030.75	$  (16,321.53)	$	(7,834.18)	$	507.51	$	384,382.55	$  143,835.48	$ 240,547.07	$  384,382.55	

100%
0

Net Percent Collected
Balance Remaining to Collect

DIRECT BILL ASSESSMENTS

Hanover Tyson
2024-01	LLC		
Net Assessments	
$	59,042.72	
$	59,042.72	
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	
10/20/23	10/1/23	3185	$	29,521.36	$	29,521.36	$	29,521.36	
2/21/24	2/1/24	3354	$	14,760.68	$	14,760.68	$	14,760.68	
5/7/24	5/1/24	3480	$	14,760.68	$	14,760.68	$	14,760.68	
			$	59,042.72	$	59,042.72	$	59,042.72	

Lake Lizzie
Community Development District Long Term Debt Report

Series 2023, Special Assessment Revenue Bonds	
Interest Rate:	4.500%, 4.600%, 5.300%, 5.500%	
Maturity Date:	5/1/2053	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$120,013	
Reserve Fund Balance	$120,013	
Bonds Outstanding - 07/07/2023	$3,535,000	
Less: Principal Payment - 05/01/2024	($50,000)	
Current Bonds Outstanding	$3,485,000	

Section 3

Memorandum
To: Board of Supervisors From: District Management Date: August 7, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all
special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the first full fiscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual
report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identified the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reflects whether the goals & objectives were met for the year. District
Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Lake Lizzie Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per
District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by field manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updated financials.
Achieved: Yes ☐ No ☐

Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent financial audit per statutory
requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Lake Lizzie Community Development District

District Manager:		Date:	 Print Name:	 
Lake Lizzie Community Development District

Section 4

BOARD OF SUPERVISORS MEETING DATES LAKE LIZZIE COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025
The Board of Supervisors of the Lake Lizzie Community Development District will hold their regular meetings for Fiscal Year 2025 on the 1st Wednesday of each month, at 12:30 p.m. at the West Osceola Branch Library, 305 Campus Street, Celebration, FL 34747 unless otherwise indicated as follows:

October 2, 2024
November 6, 2024
December 4, 2024
January 1, 2025 *New Years Day
February 5, 2025
March 5, 2025
April 2, 2025
May 7, 2025
June 4, 2025
July 2, 2025
August 6, 2025
September 3, 2025

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services - Central Florida, LLC, 219
E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.
A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager