CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING NOVEMBER 10, 2022
6:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.cypresslakescdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT
Meeting Room at The Wellington Branch Library 1951 Royal Fern Drive
Wellington, Florida 33414
REGULAR BOARD MEETING
November 10, 2022
6:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
June 30, 2022 Regular Board Meeting & Public Hearing Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2021/2022 Amended Budget…	Page 5
Consider Approval of Auditor Renewal…	Page 10
Administrative Matters
Board Members Comments
Adjourn

LOCALiQ
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
News Herald IThe Palm Beach Post
Northwest Florida Daily Nev\fs

PO Box 631244 Cincinnati, OH 45263-1244

PROOF OF PUBLICATION

Cypress Lakes Cdd Cypress Lakes Cdd 250 I BURNS RD STEA

PALM BEACH GARDENS FL 334105207

STATE OF FLORIDA, COUNTY OF PALM BEACH

The Palm Beach Post, a daily newspaper printed and published in the city of West Palm Beach and of general circulation in Palm Beach, Martin, Okeechobee and St Lucie Counties, Florida; and personal knowledge of the facts herein state and that the notice hereto annexed was Published in said newspapers in the issues dated or by publication on the newspaper's website, if authorized, on:

10/11/2022

and that the fees charged are legal.
Sworn to and subscribed before on 10/11/2022

Notary, Stae of WI, County of o tS"' ·[

My commision expires Publication Cost:	$231.75

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Boord of Supervisors of the Cypr!?ss Lakes Community Develop­ ment District will hold Regular Meetings at the Wellington Branch Library located at 19S1 Royal Fern Drive, Wellington, Florido 33414 at 6:00 p.m. on the following dotes:
October 20, 2022
November 10, 2022
December 15, 2022
January 19, 2023
February 16, 2023
March 16, 2023
April 20, 2023
Moy 18, 2023
June 15, 2023
July 20, 2023
August 17, 2023
September 21, 2023
The purpose of the meetings is to conduct any and all business coming before the Board. Meetings ore open to the public and will be conducted in accardonce with the provisions of Florida law. Copies of the Agenda for any of the meetings may be obtained from the District's website or by contacting the District Manager at (561) 630-4922 ond/or loll free at 1·877-737-4922 five (5) days prior to the dote of
the particular meeting.
From time to time one or more Supervisors may participate by tele­ phone; therefore a speoker tele­ phone will be present at the meeting location so that Supervisors may be fully informed of the discussions toking ploce. Meetings may be continued as found necessary to a time and place specified
on the record.
If any person decides to appeal any decision mode with respect to any motter considered at these meet­ ings, such person will need o record of the proceedings and such person may need to ensure that o verbatim record of the proceedings is mode at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, onv person requiring special occom­ modotions or on interpreter to porticipote at any of these meetings should contoct the District Manager at (561) 630-4922 and/or toll-free at 1-
877-737-4922 at leasl seven (7) days prior to the dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT
www.cypresslakescdd.erg

Order No:	7892613
Customer No:	730593
PO#:
THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

# of Copies:
1

10/lln2  7892613

MAf1IAH VERHP-,GEN
Notary Public
State of Wisconsin

Page 1 of 1

CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING
JUNE 30, 2022

CALL TO ORDER

District Manager Jason Pierman called the June 30, 2022, Regular Board Meeting of the Cypress Lakes Community Development District (the “District”) to order at 6:57 p.m. at the Wellington Branch Library located at 1951 Royal Fern Drive, Wellington, Florida 33414.

PROOF OF PUBLICATION

Mr. Pierman presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on October 7, 2021, as part of the District’s Fiscal Year 2021/2022 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairman Michael DeBock, Vice Chairman Jonathan Strackman and Supervisor Sam Young constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance were: District Manager Jason Pierman of Special District Services, Inc., and General Counsel Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

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

APPROVAL OF MINUTES
April 21, 2022, Regular Board Meeting

Mr. Pierman presented the minutes of the April 21, 2022, Regular Board Meeting and asked if there were any changes or additions.

There being none, a motion was then made by Mr. Young, seconded by Mr. Strackman and unanimously passed approving the minutes of the April 21, 2022, Regular Board Meeting, as presented.

The Regular Board Meeting was then recessed and the Public Hearing was opened.

PUBLIC HEARING
Proof of Publication

Mr. Pierman presented proof of publication that notice of the Public Hearing had been published in The Palm Beach Post on June 10, 2022, and June 17, 2022, as legally required.

Receive Public Comment on the Fiscal Year 2022/2023 Final Budget

There were no members of the public in attendance.

Consider Resolution No. 2022-02 – Adopting a Fiscal Year 2022/2023 Final Budget

Resolution No. 2022-02 was presented, entitled:

RESOLUTION NO. 2022-02

A RESOLUTION OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2022/2023 BUDGET.

A motion was made by Mr. Young, seconded by Mr. DeBock and passed unanimously adopting Resolution No. 2022-02, as presented.

The Public Hearing was then closed and the Regular Board Meeting was reconvened.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Meeting Schedule

Resolution No. 2022-03, entitled:

RESOLUTION NO. 2022-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Strackman, seconded by Mr. DeBock and passed unanimously adopting Resolution No. 2022-03, as presented.

ADMINISTRATIVE MATTERS

Mr. Pierman noted that the next meeting was scheduled for November 10, 2022. He also reminded the Board to submit their 2021 Form 1 - Statement of Financial Interests prior to the July 1st deadline.

Mr. Pierman also advised that the 20-Year Stormwater Report had been submitted to the County.

BOARD MEMBER COMMENTS

There were no comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 7:03 p.m. There were no objections.

Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

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

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

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

Section 1.  The Amended Budget for Fiscal Year 2021/2022 attached hereto as Exhibit “A” is hereby approved and adopted.

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

PASSED, ADOPTED and EFFECTIVE this 10th day of November, 2022.

ATTEST:	CYPRESS LAKES
COMMUNITY DEVELOPMENT DISTRICT

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

Cypress Lakes Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	69,281	69,352	69,352	
Debt Assessments	128,590	128,699	128,699	
Other Revenues	0	0	0	
Interest Income	120	12	11	
TOTAL REVENUES	$	197,991	$	198,063	$	198,062	
				
EXPENDITURES				
Supervisor Fees	4,000	1,200	1,200	
Payroll Taxes Employer	320	92	92	
Engineering/Inspections	1,500	4,350	4,350	
Management	26,160	26,160	26,160	
Secretarial	4,200	4,200	4,200	
Legal	7,000	7,000	5,903	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,600	3,600	3,600	
Insurance	6,100	5,706	5,706	
Legal Advertisements	1,400	1,200	871	
Miscellaneous	600	500	335	
Postage	175	65	56	
Office Supplies	350	225	203	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,089	4,089	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
Reserve	549	549	0	
TOTAL EXPENDITURES	$	69,229	$	68,111	$	65,940	
				
REVENUES LESS EXPENDITURES	$	128,762	$	129,952	$	132,122	
				
Bond Payments	(120,875)	(122,592)	(122,592)	
				
BALANCE	$	7,887	$	7,360	$	9,530	
				
County Appraiser & Tax Collector Fee	(3,957)	(2,475)	(2,475)	
Discounts For Early Payments	(7,915)	(7,491)	(7,491)	
				
EXCESS/ (SHORTFALL)	$	(3,985)	$	(2,606)	$	(436)	
				
Carryover From Prior Year	3,985	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(2,606)	$	(436)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$75,161	
($2,606)	
$72,555	

.
Notes
Carryover From Prior Year Of $3,985 was used to reduce Fiscal Year 2021/2022 Assessments.

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	235	232	
NAV Tax Collection	120,875	122,592	122,592	
Total Revenues	$	120,900	$	122,827	$	122,824	
				
EXPENDITURES				
Principal Payments	60,000	60,000	60,000	
Interest Payments	60,900	62,100	62,100	
Extraordinary Principal Payments	0	20,000	20,000	
Total Expenditures	$	120,900	$	142,100	$	142,100	
				
Excess/ (Shortfall)	$	-	$	(19,273)	$	(19,276)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$150,725	
($19,273)	
$131,452	

Notes
Reserve Fund Balance = $75,132*. Revenue Fund Balance = $52,414*. Redemption Account Balance = $3,906*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $28,950.
* Approximate Amounts

Series 2004 Bond Information
Original Par Amount =	$1,745,000	Annual Principal Payments Due 	
Interest Rate =	6.00%	May 1st	
Issue Date =	August 2004	Annual Interest Payments Due 	
Maturity Date =

Par Amount As Of 9/30/22 =	May 2034

$965,000	May 1st & November 1st	

November 10, 2022

RE: Cypress Lakes Community Development District Auditor Renewal

At the November 21, 2019 Cypress Lakes Community Development District Board Of Supervisors meeting, the firm of Grau & Associates was selected to perform the 9-30- 2019, 9-30-2020 and 9-30-2021 year end audits of the District with an option to perform the 9-30-2022 and 9-30-23 audits.

The fees for the 9-30-2019 audit were $3,400. The fees for the 9-30-2020 audit were
$3,500. And the fees for the 9-30-2021 audit were $3,600. The proposed fees for the 9- 30-2022 audit is $3,700, which is the budgeted amount for audit fees for Fiscal Year 2022/2023. The proposed fee for the 9-30-2023 audit is $3,800.

Management is pleased with the professionalism and the competence of the Grau & Associates partners and staff; therefore, management recommends that the Board approve the renewal option for the Fiscal Year Ending 9-30-2022 and 9-30-2023 audits for Grau & Associates.

Special District Services, Inc.