Canopy 

Community Development District 



Unaudited Financial Reporting 

February 28, 2025 



j0248341

TABLE OF CONTENTS 



1 



Balance Sheet 



2-3 



General Fund Statement 



4 



Debt Service Statement Series 2018 A1 & A2 



5 



Debt Service Statement Series 2018 A3 



6 



Debt Service Statement Series 2018 A4 



7 



Capital Reserve Fund 



8-9 



Month to Month 



10 



Long Term Debt 



11 



Assessment Receipts Schedule 




Canopy 

Community Development District 

Balance Sheet 

February 28, 2025 



Governmental Fund Types 



Totals 

(memorandum only) 

$124,435 

$250,901 

$40,122 

$349 

$59,020 

$0 

$2,791 

$5,769 

$0 

$82,103 

$111,885 

$71,971 

$0 

$89 

$8,914 

$104,688 

$163,753 

$0 

$11,246 

$32,714 

$107,531 

$7,475 

$759 



General Fund 

Debt Service 

Capital Reserve 

Capital Projects 

$124,435 

---- 

---- 

---- 

$250,901 

---- 

---- 

---- 

---- 

---- 

$40,122 

---- 

---- 

---- 

---- 

$349 

$26,051 

$32,969 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

$2,791 

---- 

---- 

$5,769 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

$82,103 

---- 

---- 

---- 

$111,885 

---- 

---- 

---- 

$71,971 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

$89 

---- 

---- 

---- 

---- 

---- 

$8,914 

---- 

$104,688 

---- 

---- 

---- 

$163,753 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

---- 

$11,246 

---- 

$32,714 

---- 

---- 

---- 

$107,531 

---- 

---- 

---- 

---- 

---- 

$7,475 

$759 

---- 

---- 

---- 



Assets 

Cash 

Operating 

SBA 

Capital Projects 

Welaunee 

Assessment Receivable 

Due from Developer 

Due from General Fund 

Due from Debt Service 

Due from Other 

Investments: 

Series 2018 A1 & A2: 

Reserve A1 

Revenue A1 

Revenue A2 

Interest A2 

Prepayment A2 

Acquisition & Construction 

Series 2018 A3: 

Reserve 

Revenue 

Interest 

Acquisition & Construction 

Series 2018 A4: 

Reserve 

Revenue 

Acquisition & Construction 

Prepaid Expenses 



Total Assets 

$407,915 

$710,493 

$40,122 

$27,983 

$1,186,513 



Liabilities 

Accounts Payable 

$3,095 

---- 

---- 

---- 

$3,095 

Due to Debt Service 

$2,791 

---- 

---- 

---- 

$2,791 

Due to Capital 

$0 

---- 

---- 

---- 

$0 

Due to Developer 

$32,930 

---- 

---- 

---- 

$32,930 

Due to General Fund 

---- 

$5,769 

---- 

---- 

$5,769 

FICA Payable 

$122 

---- 

---- 

---- 

$122 



Fund Equity 



Fund Balances 

Unassigned 

$368,218 

---- 

$40,122 

---- 

$408,340 

Nonspendable- Prepaid 

$759 

---- 

---- 

---- 

$759 

Restricted for Capital Projects 

---- 

---- 

---- 

$27,983 

$27,983 

Restricted for Debt Service 

---- 

$704,724 

---- 

---- 

$704,724 



Total Liabilities, Fund Equity, Other 

$407,915 

$710,493 

$40,122 

$27,983 

$1,186,513 




Canopy 

Community Development District 

General Fund 

Statement of Revenues & Expenditures 

For the Period Ending February 28, 2025 



Adopted 

Budget 



Prorated Budget 

02/28/25 



Actuals 

02/28/25 



Variance 



Amenity Center: 

Amenity Management Staffing 

35,000 $ 

Janitorial 

$ 15,000 

Landscape Maintenance 

$ 12,000 

Pool Maintenance 

$ 31,500 

Pool Chemicals 

$ 7,500 

Pool Permits 

$ 750 

Utilities 

$ 39,500 

Trash 

$ 2,400 

Pest Control 

$ 1,200 

Termite Bond 

$ 750 

Insurance - Property 

$ 15,500 

Cable/Internet 

$ 7,500 

Access Cards 

$ 2,500 

Activities 

$ 15,000 

Security/Alarms/Repair 

$ 15,000 

Repairs and Maintenance 

$ 15,000 

Office Supplies 

$ 2,000 

Holiday Decorations 

$ 5,000 



$ 1 4,583 

$ 6,250 

$ 5,000 

$ 1 3,125 

$ 3,125 

$ 313 

$ 1 6,458 

$ 1,000 

$ 500 

$ 313 

$ 1 5,500 

$ 3,125 

$ 1,042 

$ 6,250 

$ 6,250 

$ 6,250 

$ 833 

$ 2,083 



$ - 

$ 4,107 

$ - 

$ 11,500 

$ - 

$ - 

$ 15,046 

$ 167 

$ - 

$ - 

$ 12,590 

$ 1,594 

$ - 

$ - 

$ 2,490 

$ 1,552 

$ - 

$ - 



$ 14,583 

$ 2,143 

$ 5,000 

$ 1,625 

$ 3,125 

$ 313 

$ 1,412 

$ 833 

$ 500 

$ 313 

$ 2,910 

$ 1,531 

$ 1,042 

$ 6,250 

$ 3,760 

$ 4,698 

$ 833 

$ 2,083 



Total Amenity Center 

$ 2 23,100 

$ 102,000 

$ 4 9,046 

$ 52,954 



Other 

Contingency 

$ 18,412 

Capital Reserve 

$ 40,000 



$ 7,672 

$ 4 0,000 



$ 1,610 

$ 40,000 



$ 6,062 

$ - 



Total Other 

$ 58,412 



$ 47,672 



$ 4 1,610 



$ 6,062 



Total Expenditures 

$ 7 04,085 



$ 285,706 



$ 255,463 



$ 72,714 



Excess Revenues/ (Expenditures) 

$ 0 



$ 300,123 



Beginning Fund Balance 

$ - 



$ 6 8,854 



Ending Fund Balance 

$ 0 



$ 368,976 




Canopy 

Community Development District 

Debt Service Fund Series 2018 A-1 & A-2 

Statement of Revenues & Expenditures 

For the Period Ending February 28, 2025 



 

Actual 

2/28/25 

Variance 

93,974 $ 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 4,132 

$ 3,299 



Adopted 

Prorated Budget 

Budget 

2/28/25 

$ 94,279 

$ 93,974 

$ 70,029 

$ - 

$ 182,000 

$ - 

$ - 

$ - 

$ 2,000 

$ 833 



Revenues 

 

Special Assessments- Tax Roll 

Special Assessments- Direct A1 

Special Assessments- Direct A2 

Special Assessments- Prepayments 

Interest Income 



Total Revenues 

$ 348,308 

$ 9 4,808 

$ 98,106 

$ 3,299 



Expenditures 



Interfund Transfer Out 

$ 600 

$ 1,578 

$ 1,578 

$ - 



Series 2018A-1 

Interest-11/1 

$ 63,071 

$ 6 3,071 

$ 6 3,071 

$ - 

Interest-5/1 

$ 63,071 

$ - 

$ - 

$ - 

Principal-5/1 

$ 35,000 

$ - 

$ - 

$ - 



Series 2018A-2 

Interest-11/1 

$ 70,418 

$ 7 0,418 

$ 7 0,418 

$ - 

Interest-2/1 

$ - 

$ - 

$ - 

$ - 

Special Call-2/1 

$ - 

$ - 

$ - 

$ - 

Interest-5/1 

$ 70,418 

$ - 

$ - 

$ - 

Principal-5/1 

$ 40,000 

$ - 

$ - 

$ - 



Total Expenditures 

$ 341,978 

$ 133,489 

$ 135,067 

$ - 



Excess Revenues/(Expenditures) 

$ 6,330 

 

Beginning Fund Balance 

$ 228,988 



$ (36,960) 

 

$ 303,900 



Ending Fund Balance 

$ 235,318 



$ 266,940 



Due from Gf 

$ 892 

Reserve A1 

$ 8 2,103 

Revenue A1 

$ 111,885 

Revenue A2 

$ 7 1,971 

Interest A2 

---- 

Prepayment A2 

$ 89 

Total 

$ 266,940 



 




Canopy 

Community Development District 

Debt Service Fund Series 2018 A-3 

Statement of Revenues & Expenditures 

For the Period Ending February 28, 2025 



 

Actual 

2/28/25 

Variance 

136,390 $ 

$ 29,393 

$ - 

$ - 

$ 2,856 

$ 1 ,397 



Adopted 

Prorated Budget 

Budget 

2/28/25 

$ 106,997 

$ 106,997 

$ 102,378 

$ - 

$ 3,500 

$ 1,458 



Revenues 

 

Special Assessments- Tax Roll 

Special Assessments- Direct Bills 

Interest Income 



Total Revenues 

$ 212,875 

$ 108,455 

$ 139,246 

$ 30,791 



Expenditures 



Interfund Transfer Out 

$ 750 

$ 2,001 

$ 2,001 

$ - 



Series 2018A-3 

Interest-11/1 

$ 81,875 

$ 81,875 

$ 8 1,875 

$ - 

Interest-5/1 

$ 81,875 

$ - 

$ - 

$ - 

Principal-5/1 

$ 45,000 

$ - 

$ - 

$ - 



Total Expenditures 

$ 209,500 

$ 8 3,876 

$ 83,876 

$ - 



Excess Revenues/(Expenditures) 

$ 3,375 

 

Beginning Fund Balance 

$ 119,669 



$ 55,370 

 

$ 241,565 



Ending Fund Balance 

$ 123,044 



$ 296,935 



Due from GF 

$ (4,475) 

Reserve 

$ 104,688 

Revenue 

$ 163,753 

Interest 

---- 

Assessment Receivable 

$ 3 2,969 

Total 

$ 296,935 




Canopy 

Community Development District 

Debt Service Fund Series 2018 A-4 

Statement of Revenues & Expenditures 

For the Period Ending February 28, 2025 



 

Actual 

2/28/25 

Variance 

63,704 $ 

$ - 

$ 1,683 

$ 1,475 



Adopted 

Prorated Budget 

Budget 

2/28/25 

$ 65,612 

$ 63,704 

$ 500 

$ 208 



Revenues 

 

Special Assessments- Tax Roll 

Interest Income 



Total Revenues 

$ 66,112 

$ 63,912 

$ 65,387 

$ 1 ,475 



Expenditures 



Interfund Transfer Out 

$ 2 50 

$ 629 

$ 629 

$ - 



Series 2018A-4 

Interest-11/1 

$ 22,648 

$ 22,648 

$ 22,648 

$ - 

Interest-5/1 

$ 22,648 

$ - 

$ - 

$ - 

Principal-5/1 

$ 20,000 

$ - 

$ - 

$ - 



Total Expenditures 

$ 65,546 

$ 23,276 

$ 23,276 

$ - 



Excess Revenues/(Expenditures) 

$ 5 66 

 

Beginning Fund Balance 

$ 66,051 



$ 42,111 

 

$ 98,739 



Ending Fund Balance 

$ 66,617 



$ 140,850 



Due from General 

$ 605 

Reserve 

$ 32,714 

Revenue 

$ 107,531 

Total 

$ 140,850 



 




Canopy 

Community Development District 

Capital Reserve Fund 

Statement of Revenues & Expenditures 

For the Period Ending February 28, 2025 



 



Series 

2018 A-1 & A-2 

$151 

$0 

$1,578 



Series 

2018 A-3 



Series 

2018 A-4 



Welaunee 



Revenues 

 

Interest Income 

Developer Contributions 

Interfund Transfer In 



$190 

$0 

$2,001 



$266 

$0 

$497 



$0 

$0 

$0 



Total Revenues 

$1,729 



$2,192 



$763 



$0 



Expenditures 



Capital Outlay- Construction 

$0 

Capital Outlay- General 

$0 

Capital Outlay-3A 

$0 

Capital Outlay-3B 

$0 

Professional Fees 

$0 

Miscellaneous 

$0 



$0 

$0 

$0 

$0 

$0 

$0 



$0 

$0 

$0 

$0 

$0 

$0 



$0 

$0 

$0 

$0 

$0 

$203 



Total Expenditures 

$0 



$0 



$0 



$203 



Other Sources/(Uses) 



Transfer In/Out 

$0 



$0 



$0 



$0 



Total Other Sources/ (Uses) 

$0 



$0 



$0 



$0 



Excess Revenues/(Expenditures) 

$1,729 

 

Beginning Fund Balance 

$7,185 



$2,192 



$763 



($203) 



$9,054 



$6,712 



$552 



Ending Fund Balance 

$8,914 



$11,246 



$7,475 



$349 



 




Canopy 

Community Development District 

Month by Month 



October 

November 

December 

January 

February 

March 

April 

May 

June 

July 

August 

September 

Total 



Revenues 



Maintenance Assessments- Tax Roll 

- $ 

$ 14,258 

$ 342,479 

$ 6,055 

$ 5,059 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 367,852 

Maint. Assessments- Direct Bills(Canopy Acquisitions, LLC) 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Maint. Assessments- Direct Bills(Ox Bottom) 

$ - 

$ 14,577 

$ 7,288 

$ 7,288 

$ 7,288 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 36,442 

Interest - SBA 

$ - 

$ - 

$ - 

$ 31 

$ 870 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 901 

Developer Contributions 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Miscellaneous Income 

$ - 

$ 200 

$ - 

$ - 

$ 3,642 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 3,842 

Miscellaneous Revenue - POA Cost Share 

$ - 

$ - 

$ 146,550 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 146,550 



Total Revenue 

$ - 

$ 29,035 

$ 4 96,318 

$ 13,374 

$ 16,859 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 555,586 



Expenditures 



Administrative 

Supervisor Fees 

$ - 

$ - 

$ - 

$ 400 

$ 400 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 800 

FICA 

$ - 

$ - 

$ - 

$ 31 

$ 31 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 61 

Engineering 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Arbitrage 

$ - 

$ 450 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 450 

Assessment Roll 

$ 2,500 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 2,500 

Dissemination 

$ 707 

$ 707 

$ 707 

$ 707 

$ 707 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 3,533 

Amortization Schedule 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Attorney 

$ 5,769 

$ 2,105 

$ 5,779 

$ 2,345 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 15,998 

Annual Audit 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Trustee Fees 

$ 759 

$ 8,346 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 9,105 

Management Fees 

$ 3,613 

$ 3,613 

$ 3,613 

$ 3,613 

$ 3,613 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 18,065 

Information Technology 

$ 346 

$ 346 

$ 346 

$ 346 

$ 346 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 1,732 

Travel 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Telephone 

$ - 

$ - 

$ 0 

$ 3 

$ 24 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 28 

Postage 

$ 36 

$ 83 

$ 7 3 

$ 40 

$ 102 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 335 

Printing & Binding 

$ 15 

$ - 

$ 1 7 

$ 0 

$ 4 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 36 

Insurance-Liability 

$ 5,781 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 5,781 

Legal Advertising 

$ 311 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 311 

Other Current Charges 

$ 41 

$ 41 

$ 136 

$ 323 

$ 44 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 586 

Office Supplies 

$ 0 

$ 0 

$ 0 

$ 0 

$ 0 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 2 

Dues, License, & Subscriptions 

$ 175 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 175 



Administration Subtotal 

$ 2 0,053 

$ 15,692 

$ 10,672 

$ 7,378 

$ 4,842 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 5 9,498 




Canopy 

Community Development District 

Month by Month 



October 

November 

December 

January 

February 

March 

April 

May 

June 

July 

August 

September 

Total 



Common Area Maintenance 

Field Services 

- $ 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Porter Services 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Landscape Maintenance 

$ 15,950 

$ 16,950 

$ 16,750 

$ 16,800 

$ 16,800 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 83,250 

Landscape Contingency 

$ - 

$ - 

$ 3,500 

$ 15,134 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 18,634 

Plant Replacement 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Irrigation - Repairs 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Irrigation - Water 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Irrigation - Electric 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Wetland Maintenance 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Lake Maintenance 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Dove Pond Dam Surety Bond 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Repairs and Maintenance 

$ 2,125 

$ 325 

$ 325 

$ 325 

$ 325 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 3,425 

Operating Supplies 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 



Total Common Area Maintenance 

$ 1 8,075 

$ 17,275 

$ 20,575 

$ 32,259 

$ 17,125 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 105,309 



Amenity Center: 

Amenity Management Staffing 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Janitorial 

$ 750 

$ 779 

$ 750 

$ 1,078 

$ 750 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 4,107 

Landscape Maintenance 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Pool Maintenance 

$ 2,300 

$ 2,300 

$ 2,300 

$ 2,300 

$ 2,300 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 11,500 

Pool Chemicals 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Pool Permits 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Pool - Electric 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Pool - Water 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Water/Sewer Utility 

$ 2,739 

$ 2,646 

$ 3,753 

$ 3,072 

$ 2,837 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 15,046 

Gas 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Trash 

$ 33 

$ 33 

$ 3 3 

$ 33 

$ 33 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 167 

Pest Control 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Termite Bond 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Insurance - Property 

$ 12,590 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 12,590 

Cable/Internet 

$ 318 

$ 318 

$ 318 

$ 318 

$ 323 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 1,594 

Access Cards 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Activities 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Security/Alarms/Repair 

$ 1,770 

$ 180 

$ 180 

$ 180 

$ 180 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 2,490 

Repairs and Maintenance 

$ 195 

$ 195 

$ 195 

$ 967 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 1,552 

Office Supplies 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Holiday Decorations 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

Contingency 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 



Total Amenity Center 

$ 2 0,695 

$ 6,451 

$ 7,529 

$ 7,948 

$ 6,424 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 4 9,046 



Other 

Contingency 

$ 1,610 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 1,610 

Capital Reserve 

$ - 

$ - 

$ - 

$ 40,000 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 40,000 



Total Other 

$ 1,610 

$ - 

$ - 

$ 40,000 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 4 1,610 



Total Expenditures 

$ 6 0,433 

$ 39,418 

$ 38,775 

$ 87,585 

$ 28,391 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 255,463 



Excess Revenues/ (Expenditures) 

$ ( 60,433) 

$ (10,383) 

$ 4 57,542 

$ (74,211) 

$ (11,531) 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ - 

$ 300,123 




Canopy 

Community Development District 

Long Term Debt Report 



SERIES 2018A-1, SPECIAL ASSESSMENT REVENUE BONDS 



INTEREST RATE: 

MATURITY DATE: 

RESERVE FUND DEFINITION 

RESERVE FUND REQUIREMENT 

RESERVE FUND BALANCE 



6.000%, 6.150% 

5/1/2049 

50% OF MAXIMUM ANNUAL DEBT SERVICE 

$82,103 

$82,103 



BONDS OUTSTANDING - 11/08/18 

LESS: PRINCIPAL PAYMENT - 05/01/20 

LESS: PRINCIPAL PAYMENT - 05/01/21 

LESS: PRINCIPAL PAYMENT - 05/01/22 

LESS: PRINCIPAL PAYMENT - 05/01/23 

LESS: PRINCIPAL PAYMENT - 05/01/24 

CURRENT BONDS OUTSTANDING 



$2,225,000 

($25,000) 

($30,000) 

($30,000) 

($35,000) 

($35,000) 

$2,070,000 



SERIES 2018A-2, SPECIAL ASSESSMENT REVENUE BONDS 



6.150% 

5/1/2049 

NOT SECURED - N/A 

$0 

$0 

$0 



INTEREST RATE: 

MATURITY DATE: 

RESERVE FUND DEFINITION 

RESERVE FUND REQUIREMENT 

RESERVE FUND BALANCE 



BONDS OUTSTANDING - 11/08/18 

LESS: SPECIAL CALL - 05/01/19 

LESS: SPECIAL CALL - 08/01/19 

LESS: SPECIAL CALL - 11/01/19 

LESS: SPECIAL CALL - 02/01/20 

LESS: SPECIAL CALL - 05/01/20 

LESS: SPECIAL CALL - 08/01/20 

LESS: SPECIAL CALL - 02/01/21 

LESS: SPECIAL CALL - 05/01/21 

LESS: SPECIAL CALL - 08/01/21 

LESS: SPECIAL CALL - 11/01/21 

LESS: SPECIAL CALL - 02/01/22 

LESS: PRINCIPAL PAYMENT - 05/01/22 

LESS: SPECIAL CALL - 05/01/22 

LESS: SPECIAL CALL - 08/01/22 

LESS: SPECIAL CALL - 11/01/22 

LESS: SPECIAL CALL - 02/01/23 

LESS: PRINCIPAL PAYMENT - 05/01/23 

LESS: SPECIAL CALL - 05/01/23 

LESS: SPECIAL CALL - 02/01/24 

LESS: PRINCIPAL PAYMENT - 05/01/24 

CURRENT BONDS OUTSTANDING 



$5,480,000 

($110,000) 

($305,000) 

($405,000) 

($60,000) 

($10,000) 

($75,000) 

($30,000) 

($30,000) 

($265,000) 

($55,000) 

($170,000) 

($55,000) 

($185,000) 

($240,000) 

($165,000) 

($145,000) 

($45,000) 

($785,000) 

($10,000) 

($35,000) 

$2,300,000 



SERIES 2018A-3, SPECIAL ASSESSMENT REVENUE BONDS 



INTEREST RATE: 

MATURITY DATE: 

RESERVE FUND DEFINITION 

RESERVE FUND REQUIREMENT 

RESERVE FUND BALANCE 



6.250% 

5/1/2049 

50% OF MAXIMUM ANNUAL DEBT SERVICE 

$104,688 

$104,688 



BONDS OUTSTANDING - 11/08/18 

LESS: PRINCIPAL PAYMENT - 05/01/22 

LESS: PRINCIPAL PAYMENT - 05/01/23 

LESS: PRINCIPAL PAYMENT - 05/01/24 

CURRENT BONDS OUTSTANDING 



$2,735,000 

($35,000) 

($40,000) 

($40,000) 

$2,620,000 



SERIES 2018A-4, SPECIAL ASSESSMENT REVENUE BONDS 



INTEREST RATE: 

MATURITY DATE: 

RESERVE FUND DEFINITION 

RESERVE FUND REQUIREMENT 

RESERVE FUND BALANCE 



5.000%, 5.150% 

5/1/2049 

50% OF MAXIMUM ANNUAL DEBT SERVICE 

$32,714 

$32,714 



BONDS OUTSTANDING - 11/08/18 

LESS: PRINCIPAL PAYMENT - 05/01/20 

LESS: PRINCIPAL PAYMENT - 05/01/21 

LESS: PRINCIPAL PAYMENT - 05/01/22 

LESS: PRINCIPAL PAYMENT - 05/01/23 

LESS: PRINCIPAL PAYMENT - 05/01/24 

CURRENT BONDS OUTSTANDING 



$965,000 

($15,000) 

($15,000) 

($15,000) 

($15,000) 

($15,000) 

$890,000 




Canopy 

COMMUNITY DEVELOPMENT DISTRICT 

Special Assessment Receipts 

Fiscal Year 2025 



Gross Assessments 

377,241.48 $ 

$ 9 6,789.75 

$ 1 40,476.50 

$ 6 5,612.00 

$ 6 80,119.73 

Net Assessments 

$ 3 50,834.58 

$ 9 0,014.47 

$ 1 30,643.15 

$ 6 1,019.16 

$ 6 32,511.35 



ON ROLL ASSESSMENTS 



55.47% 

14.23% 

20.65% 

9.65% 

100.00% 

O&M Portion 

2018A-1 Debt 
Service 
Portion 

2018A-3 Debt 
Service 
Portion 

2018A-4 Debt 
Service 
Portion 

Total 



Date 

Distribution 

Gross Amount 

Commissions 

Interest 

Net Receipts 



11/14/24 

ACH 

$6,423.29 

($192.70) 

$0.00 

$6,230.59 

$3,455.92 

$886.69 

$1,286.91 

$601.07 

$6,230.59 

11/20/24 

ACH 

$20,077.40 

($602.32) 

$0.00 

$19,475.08 

$10,802.23 

$2,771.55 

$4,022.51 

$1,878.79 

$19,475.08 

12/11/24 

ACH 

$554,445.33 

($16,633.36) 

$0.00 

$537,811.97 

$298,307.75 

$76,537.53 

$111,083.30 

$51,883.39 

$537,811.97 

12/23/24 

ACH 

$82,098.90 

($2,462.97) 

$0.00 

$79,635.93 

$44,171.60 

$11,333.21 

$16,448.54 

$7,682.58 

$79,635.93 

1/26/25 

ACH 

$11,253.67 

($337.61) 

$0.00 

$10,916.06 

$6,054.79 

$1,553.50 

$2,254.68 

$1,053.09 

$10,916.06 

2/19/25 

ACH 

$6,460.96 

($193.83) 

$0.00 

$6,267.13 

$3,476.18 

$891.89 

$1,294.46 

$604.60 

$6,267.13 



TOTAL 

$ 680,759.55 

$ ( 20,422.79) 

$ - 

$ 6 60,336.76 

$ 366,268.47 

$ 93,974.37 

$ 136,390.40 

$ 63,703.52 

$ 660,336.76 



104% 



Net Percent Collected 



DIRECT BILL ASSESSMENTS 



Premier Investment Fund, LLC 

2024-01 



Net Assessments 

$58,341.96 

$58,341.96 



Date 

Due 

Net 

Amount 

General 

Received 

Date 

Assessed 

Received 

Fund 

10/1/24 

$4,861.83 

$0.00 

$4,861.83 

11/1/24 

$4,861.83 

$0.00 

$4,861.83 

12/1/24 

$4,861.83 

$0.00 

$4,861.83 

1/1/25 

$4,861.83 

$0.00 

$4,861.83 

2/1/25 

$4,861.83 

$0.00 

$4,861.83 

3/1/25 

$4,861.83 

$0.00 

$4,861.83 

4/1/25 

$4,861.83 

$0.00 

$4,861.83 

5/1/25 

$4,861.83 

$0.00 

$4,861.83 

6/1/25 

$4,861.83 

$0.00 

$4,861.83 

7/1/25 

$4,861.83 

$0.00 

$4,861.83 

8/1/25 

$4,861.83 

$0.00 

$4,861.83 

9/1/25 

$4,861.83 

$0.00 

$4,861.83 



$ 58,341.96 

$ - 

$ 5 8,341.96 



Ox Bottom Mortgage Holdings, LLC 

2024-01 



Net Assessments 

$87,460.00 

$87,460.00 



Date 

Due 

Net 

Amount 

General 

Received 

Date 

Assessed 

Received 

Fund 

11/15/24 

10/1/24 

$7,288.33 

$7,288.33 

$7,288.33 

11/15/24 

11/1/24 

$7,288.33 

$7,288.33 

$7,288.33 

12/18/24 

12/1/24 

$7,288.33 

$7,288.33 

$7,288.33 

1/22/25 

1/1/25 

$7,288.33 

$7,288.33 

$7,288.33 

2/19/25 

2/1/25 

$7,288.33 

$7,288.33 

$7,288.33 

3/1/25 

$7,288.33 

$0.00 

$7,288.33 

4/1/25 

$7,288.33 

$0.00 

$7,288.33 

5/1/25 

$7,288.33 

$0.00 

$7,288.33 

6/1/25 

$7,288.33 

$0.00 

$7,288.33 

7/1/25 

$7,288.33 

$0.00 

$7,288.33 

8/1/25 

$7,288.33 

$0.00 

$7,288.33 

9/1/25 

$7,288.33 

$0.00 

$7,288.33 



$ 87,459.96 

$ 36,441.65 

$ 8 7,459.96 



Ox Bottom Mortgage Holdings, LLC 

2024-02 



Net Assessments 

$67,518.25 

$67,518.25 



Date 

Due 

Net 

Amount 

Series 2018A-1 

Received 

Date 

Assessed 

Received 

Debt Service Fund 

4/1/25 

$33,759.13 

$0.00 

$33,759.13 

9/1/25 

$33,759.13 

$0.00 

$33,759.13 

$ 67,518.25 

$ - 

$ 6 7,518.25 



Ox Bottom Mortgage Holdings, LLC 

2024-03 



Net Assessments 

$182,000.00 

$182,000.00 



Date 

Due 

Net 

Amount 

Series 2018A-2 

Received 

Date 

Assessed 

Received 

Debt Service Fund 

4/1/25 

$91,000.00 

$0.00 

$91,000.00 

9/1/25 

$91,000.00 

$0.00 

$91,000.00 

$ 182,000.00 

$ - 

$ 182,000.00 



Premier Investment Fund, LLC 

2024-04 



Net Assessments 

$68,843.25 

$68,843.25 



Date 

Due 

Net 

Amount 

Series 2018A-3 

Received 

Date 

Assessed 

Received 

Debt Service Fund 

4/1/25 

$68,843.25 

$0.00 

$68,843.25 



$ 68,843.25 

$ - 

$ 6 8,843.25 




 

 



Canopy 

Community Development District 



Check Register Summary 



February 1, 2025 to February 28, 2025 



Bank 

Date 

Check No.'s 

Amount 



General Fund 

2/7/25 

700 - 704 

24,436.18 $ 



Subtotal 

$ 24,436.18 



$ 24,436.18 










































AMENDMENT TO THE 
LANDSCAPE & IRRIGATION MAINTENANCE SERVICES AGREEMENT 
THIS AMENDMENT (“Amendment”) is made and entered into this 13th day of March 
2025, by and between: 
CANOPY COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose 
government established and existing pursuant to Chapter 190, Florida Statutes, 
with a mailing address of c/o Governmental Management Services, LLC, 475 West 
Town Place, Suite 114, St. Augustine, Florida 32092 (“District”); and 
TRULY TAILORED LANDSCAPING, LLC, a Florida limited liability company, with 
a mailing address of 2700 Welaunee Boulevard, Unit 1602, Tallahassee, Florida 
32308 (“Contractor” and, together with the District, “Parties”). 
RECITALS 
WHEREAS, the District and Contractor previously entered into that certain Landscape & 
Irrigation Maintenance Services Agreement, dated October 1, 2021 (“Agreement”), incorporated 
herein by this reference; and 
WHEREAS, pursuant to Section 26 of the Agreement, the Agreement may be amended by 
a written instrument executed by the Parties; and 
WHEREAS, the District and Contractor desire to amend the Agreement to include additional 
landscape and irrigation maintenance services, such that the scope of services identified in 
Composite Exhibit A to the Agreement is superseded entirely by the scope of services described 
in Exhibit 1 to this Amendment (“Revised Work”), and to amend the compensation as it relates 
to the same; and 
WHEREAS, the District and Contractor each represent that it has the authority to execute 
this Amendment and to perform its obligations and duties hereunder, and each has satisfied all 
conditions precedent to the execution of this Amendment so that this Amendment constitutes a 
legal and binding obligation of each party hereto. 
NOW, THEREFORE, in consideration of the recitals, agreements, and mutual covenants 
contained herein, and other good and valuable consideration, the receipt and sufficiency of which 
are hereby acknowledged by the Parties, the Parties agree as follows: 



SECTION 1. RECITALS. The recitals stated above are true and correct and by this 
reference are incorporated herein and form a material part of this Amendment. 



SECTION 2. AMENDMENT OF AGREEMENT. Pursuant to Section 26 of the Agreement, 
the District and Contractor agree to amend the Agreement as follows: 

A. Exhibit A to the Agreement is amended to include the Revised Work described in 
Exhibit 1 to this Amendment. 



B. Section 7.b. of the Agreement is hereby replaced in its entirety with the following: 
As compensation for the Revised Work, the District agrees to pay Contractor 
Sixteen Thousand, Two Hundred Forty Dollars and Zero Cents ($16,240.00) 
per month for lawn care services, for an annual total compensation amount of One 
Hundred Ninety-Four Thousand, Eight Hundred Eighty Dollars and Zero 
Cents ($194,880.00), as more particularly set forth in Exhibit 1 to this 
Amendment. For additional work, including but in no way limited to pine straw 
installation, and subject to the provisions of Section 7.c. and 7.d. of the Agreement, 
the District agrees to pay Contractor pursuant to the unit pricing specified in 
Exhibit 1. 
C. Section 448.095(2)(c), Florida Statutes, was renumbered after the original date of 
the Agreement and this Amendment. Accordingly, references to that statute in 
Section 35 – Compliance with E-Verify, of the Agreement, shall be amended to 
the revised statutory reference of Section 448.095(5)(c), Florida Statutes. 





SECTION 3. AFFIRMATION OF THE AGREEMENT. The Agreement is hereby affirmed 
and continues to constitute a valid and binding agreement between the Parties. Except as described 
in Section 2 of this Amendment, nothing herein shall modify the rights and obligations of the 
Parties under the Agreement. All of the remaining provisions, including, but not limited to, the 
engagement of services, fees, costs, indemnification, and sovereign immunity provisions, remain 
in full effect and fully enforceable except for the terms as specifically amended herein. To the 
extent the provisions of this Amendment, Exhibit 1, and/or any of the exhibits to the Agreement 
conflict, this Amendment and the Agreement shall control. To the extent the provisions of this 
Amendment and the Agreement conflict, this Amendment shall control. 

 

SECTION 4. AUTHORIZATION. The execution of this Amendment has been duly 
authorized by the appropriate body or official of the District and Contractor, both the District and 
Contractor have complied with all the requirements of law, and both the District and Contractor 
have full power and authority to comply with the terms and provisions of this Amendment. 

SECTION 5. EXECUTION IN COUNTERPARTS. This Amendment may be executed in any 
number of counterparts, each of which when executed and delivered shall be an original; however, 
all such counterparts together shall constitute but one and the same instrument. 

SECTION 6. ANTI-HUMAN TRAFFICKING REQUIREMENTS. Contractor certifies, by 
acceptance of this Amendment, that neither it nor its principals utilize coercion for labor or services 
as defined in Section 787.06, Florida Statutes. Contractor agrees to execute the affidavit, in a form 
acceptable to the District, in compliance with Section 787.06(13), Florida Statutes. 

 

SECTION 7. EFFECTIVE DATE. This Amendment shall be effective as of the day and 
year first written above. 

 

[Signature page follows.] 


IN WITNESS WHEREOF, the Parties execute this Amendment to be effective the day and 
year first written above. 

 

 

CANOPY COMMUNITY DEVELOPMENT 
DISTRICT 

 

_____________________________________ 

Chairperson, Board of Supervisors 

 

 

 

TRULY TAILORED LANDSCAPING, LLC 

 

_____________________________________ 

By: _________________________________ 

Its: _________________________________ 

 



 

Exhibit 1: Revised Work 

 


Exhibit 1 

Revised Work 

 

 

 

[Begins on following page.]