VERONA WALK COMMUNITY DEVELOPMENT
DISTRICT

COLLIER COUNTY REGULAR BOARD MEETING APRIL 18, 2024
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.veronawalkcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT
Town Center at Verona Walk 8090 Sorrento Lane
Naples, Florida 34114
REGULAR BOARD MEETING
April 18, 2024
10:00 a.m.

Call to Order
Pledge of Allegiance
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public
Approval of Minutes
March 21, 2024 Regular Board Meeting	Page 2
Old Business
New Business
Discussion on Delineation of CDD and HOA Responsibilities
Discussion on Upcoming Budget
Administrative Matters
District Attorney Update
District Engineer Update
Field Inspector Update	Page 6
District Manager Update
Financials	Page 7
Update on Vacancy
Board Members Comments
Adjourn

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

VERONA WALK

PROOF OF PUBLICATION
Verona Walk Community Dev. Verona Walk Community Dev. 250! A Burns Rd
Palm Beach Gardens FL33410

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative of the Naples Daily News, a newspaper published in Collier County, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of Public Notices, was published on the publicly accessible website of Collier and Lee Counties, Florida, or in a newspaper by print in the issues of, on:

10/06/2023

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 10/06/2023

·/5·;;;?7

My commision expires

Publication Cost:	$305.76	
Order No:	9343493	
Customer No:	1125598	
PO#:	FY 23/24 Meetings	

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do not use thisformforpayment remittance.

COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Boord of Supervisors of the Verona Wolk Community Develop­ ment District will hold Regular Meetings at 10:00 o.m. in the Town Center at Verona Wolk located at 8090 Sorrento Lone, Naples, Florido 34114, on the following dotes:
October 19, 2023
November 16, 2023
December 21, 2023
January 18, 2024
February 15,2024
Morch 21, 2024
April 18, 2024
Moy 16, 2024
June 20, 2024
July 18,2024
August 15, 2024
September 19, 2024
The purpose of the meetings is to conduct any business coming before the Boord. Meetings ore open to the public and will be conducted in accordance with the provisions of Florido low. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager of (239) 444*5790 and/or toll free at lw877*737*4922 prior to the dote of the particular meeting.
From time to time one or more Supervisors may participate by tele• phone; therefore, at the location of these meetings there will be a speaker telephone present so that interested persons con attend the meetings at the above location and be fully informed of the discussions toking place either in person or by telephone communication. Said meetings may be continued as found necessary to a dote and time certain os stated on the record.
If any person decides to appeal any
decision made with respect to any matter considered at these meet* ings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on 'Nhich the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accom• modations or an interpreter to participate at any of these meetings should contact the District Manager at {239) 4-44.5790 and/or toll free at 1· 377.737.4922 at least seven (7) days prior to the dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
VERONA  WALK  COMMUNITY
DEVELOPMENT DISTRICT
www.veronawolkcdd.org
Oct. 6, 2023 #9343493

NANCY HEYRMAN
Notary Public State of Wisconsin

Page 1 of 1

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 21, 2024

CALL TO ORDER

The March 21, 2024, Regular Board Meeting of the Verona Walk Community Development District (the “District”) was called to order at 10:00 a.m. at the Town Center at Verona Walk located at 8090 Sorrento Lane, Naples, Florida 34114.

PLEDGE OF ALLEGIANCE

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Naples Daily News on October 6, 2023, as part of the District’s Fiscal Year 2023/2024 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

Chairperson	Marilyn Czubkowski	Present	
Vice Chairman	Peter Monti	Present	
Supervisor	Vacant	Vacant	
Supervisor	Jack Hogan	Present	
Supervisor	Michael Kurzawski	Present	

Staff members in attendance were:

District Manager	Kathleen Meneely	Special District Services, Inc.	
General Counsel	Greg Urbancic (via phone)	Coleman Yovanovich Koester	
District Engineer	Terry Cole (via phone)	Hole Montes, Inc.	
Field Inspector	Bohdan Hirniak	Special District Services, Inc.	
Also present were the following District residents:
Roger Roy, Stu Workman, Jim Donnelly, Joe Candeli, Herb Czeshin, Laura Hughes, Laura & Gelli Wittek, Rosemarie Luie, Ralph Morello, Judi Muckenhaupt, Anne McCauley and Ken Muckenhaupt.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

Page 1 of 4

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Mr. Candeli suggested the CDD and HOA have a written agreement that clearly outlines maintenance responsibilities.

Mr. Roy opined that he would like to see the repainted structures repainted from a bright Kelly green to a sage green or something more appealing.

Ms. McCauley asked if the Board Members received stipends. Ms. Czubkowski stated that they had all declined the payment. Ms. McCauley also asked about broadcasting the meeting via Zoom. Mr. Urbancic stated that a record would need to be preserved through Zoom and Ms. Meneely went over the discussion that had taken place several years ago regarding the equipment and process that would be necessary. Ms. Czubkowski stated that the conference call number was available for people to participate by phone.

APPROVAL OF MINUTES
January 18, 2024, Regular Board Meeting

The January 18, 2024, Regular Board Meeting minutes were presented for approval.

A motion was made by Mr. Hogan, seconded by Mr. Monti and passed unanimously approving the minutes of the January 18, 2024, Regular Board Meeting, as presented.

OLD BUSINESS
Update on Littoral Plantings

Mr. Monti advised that he had spoken with the contractor who had been engaged that they were not comfortable with the water levels. He stated that until the area was back in the wet season it was not advantageous to plant.

Update on Palm Trees Growing on CDD Property
Mr. Hirniak stated there were 29 palm trees in 17 locations growing on CDD property. He went over the locations on an exhibit and opined that he believed the trees enhanced the stability of the slopes and recommended that they be left alone. Ms. McCauley asked about trimming and Mr. Hirniak indicated that they appear to be trimmed but were not included in the HOA’s trimming contract. Ms. Czubkowski stated that they were recently brought to the CDD’s attention and may need maintenance in the future. Mr. Hirniak stated that he believed the homeowners adjacent to the various trees were undertaking maintenance.

NEW BUSINESS
Discussion Regarding Storm Drains During Heavy Rains

Ms. Czubkowski advised that she had received emails from residents who were concerned about street drains during heavy rains. She explained that the HOA removed street sweeping from their budget several years ago and said they would take care of it in other ways. She added that the streets apparently flooded and that the streets were the HOA’s responsibility. Mr. Morello reiterated that it would be helpful to have an agreement between the CDD and HOA to delineate responsibilities.
Page 2 of 4

Discussion ensued about the obligations of both entities with Mr. Urbancic stating that even though the CDD had maintenance obligations, they often, by contract, have HOAs take over certain services, depending on what was in the best interest of the community. Ms. McCauley asked if there was not such an agreement years ago and Ms. Czubkowski stated that there was, but it was rescinded. Mr. Monti suggested a Board Member work with the HOA on the issue and Ms. Czubkowski stated, and it was the consensus of the Board, to put this item on the next agenda for further discussion.

Discussion Regarding Retention Ponds

Ms. Czubkowski stated that there were many concerns being expressed concerning the growth in the retention ponds and the lack of water in the ponds. She added that she did a PowerPoint over a year ago on the issue and brought some copies. Mr. Hirniak stated that the retention ponds were not only to hold water, but also to maintain the banks in the development. He continued that spike rush was mandated in littoral zones but with the water levels so dry this year, they were more visible. He added that torpedo grass was invasive and was sprayed. Mr. Monti went over how spike rush grows and in the rainy season is under water. He continued that the native plant responds to water and sunlight and went over the circular process of spraying and the cycles the plant takes. Ms. Muckenhaupt asked if they could be pulled out and Mr. Monti stated that like irises up north, they can be harvested mechanically, but then the cuts promulgate and get more aggressive in growth long- term. He added that there were no silver bullets, just a balance of the cyclical nature of Florida and flora. Ms. Czubkowski summarized that the lakes were healthy, the District does not have control of the wells and the PowerPoint information explained where the water goes and the treatments that take place.

Discussion Regarding Replenishing Wells

Ms. Czubkowski stated that there were issues a few years ago with the wells and that they were controlled by the HOA. Mr. Monti stated that 400 million gallons were drained from the lakes each year and of the 4 wells, one was useless and the other three did not have the ability to be pumped to the bottom, so nature has to be relied upon. He stated that the overbuilding of Florida draws from the same aquifer and the entire network is all connected. He added it was all spelled out in the U.S. Geographical Survey. Mr. Morello stated it was helpful to get the information straight and a resident stated that new wells would be being discussed by the HOA in the near future.

ADMINISTRATIVE MATTERS
District Attorney Update

Mr. Urbancic advised that all special district supervisors were now required to complete four hours of ethics training annually. He will redistribute a memo he put together that outlines available resources. He indicated that it was to be self-reported on next year’s Form 1, which is all electronic now. He stated that he was monitoring legislation including a bill that would require districts to set annual goals, objectives and performance measures as an annual report.

District Engineer Update

Mr. Cole stated, pursuant to the earlier discussion, street sweeping is generally required in best practices for water management systems to keep material from getting into the system. He is glad

Page 3 of 4

there will be further discussion, as he believes it is in the best interest of the community for the HOA to be reinstating street sweeping services.

Field Inspector Update

Mr. Hirniak indicated that the issue has been belabored at the meeting but with little rain he does not see us doing any lake bank repairs this year. He stated that the benchmark reports show the water quality was good and he went over the reports.

Mr. Hirniak introduced Ken Muckenhaupt as the resident who houses the District’s golf cart. Mr. Muckenhaupt stated that they were requesting the monthly rental fee go from $1,200 to $1,500. The Board thanked the Muckenhaupts for their cooperation on the cart storage and Ms. Meneely asked if they would consider the increase to take effect October 1, 2024, with the new fiscal year for the District. Mr. Mauckenhaupt agreed and let the Board know that their garage floor was being resurfaced the second week of April so the cart would need to be outside during those days.

District Manager Update

Ms. Meneely presented the financials. There were no questions from the Board Members.

Ms. Meneely went over the upcoming meeting schedule of April 18, 2024, May 16, 2024, and August 15, 2024.

Ms. Meneely went over the background of the Board vacancy, stating that there was a candidate but they had since dropped out of consideration. She went over how in the past a notice was sent to the HOA for distribution and suggested the same process. Upon discussion, there was a consensus of the Board to follow the same process with letters of interest due back for the May meeting and to extend the date if none are received by then.

BOARD MEMBER COMMENTS
There were no further comments from the Board Members.
ADJOURNMENT
There being no further business to come before the Board, the Regular Board Meeting was adjourned at 12:06 p.m. on a motion made by Mr. Monti, seconded by Mr. Kurzawski and that motion carried unanimously.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

From: bphirniak@aol.com <bphirniak@aol.com>
Sent: Wednesday, April 10, 2024 8:11 PM
To: Kathleen Meneely <kmeneely@sdsinc.org>
Subject: Monthly report - March/April

Lake inspections for erosion, water quality & littoral health.
Erosion appears to be much less this season, water quality continues to be excellent, littoral health also excellent.

Outfall Inspections.
Visual inspections - no issues noted - all looks normal.

Lake levels
Lake levels are slowly dropping, reflecting continuing dry season.

Inspection of HOA lawn spraying and lake bank mowing.
Instructions were given to CDD spraying contractor to spray for torpedo grass. Also, request was made of HOA landscape contractor to get proposal to mow entire exposed bank, all the way down to water edge.
Quarterly water sampling and results. Benchmark testing and results are excellent

Coordination of Contractors
Only contractor is spraying contractor.

Swimming pool inspections
None ongoing work this reporting period.

Drainage inspections
Met and coordinated down spout extensions projects at three separate homes. All went well.

Rain events
Nothing of consequence occured this reporting period.

Verona Walk Community Development District

Financial Report For March 2024

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2024

REVENUES	Annual Budget
10/1/23 - 9/30/24	
Actual Mar-24	Year To Date Actual
10/1/23 - 3/31/24	
O & M ASSESSMENTS	311,297	4,221	303,226	
DEBT ASSESSMENTS - SERIES 2013	515,565	6,993	500,382	
DEBT ASSESSMENTS - SERIES 2018	581,478	7,887	564,349	
OTHER REVENUES	0	0	0	
INTEREST INCOME	600	0	19,523	
				
TOTAL REVENUES	$	1,408,940	$	19,101	$	1,387,480	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
FIELD INSPECTOR	42,600	3,802	22,815	
VEHICLE - INSURANCE	1,000	0	0	
VEHICLE - EQUIPMENT (SMALL TOOLS)	1,545	0	0	
VEHICLE - GAS & MAINTENANCE	2,750	15	67	
GOLF CART STORAGE	1,200	0	0	
LAKE SPRAYING (SOLITUDE-CLARK)	77,500	5,876	34,578	
LAKE WATER QUALITY TESTING (BENCHMARK)	6,000	0	1,902	
LAKE LITTORAL & LAKE BANK PLANTINGS	6,000	0	0	
LAKE BANK MOWING	16,500	0	0	
OUTFALL PIPE & STRUCTURE INSPECTION & CLEANING	5,000	0	0	
STORM PIPE & EROSION REPAIRS	48,000	0	0	
DREDGING	1,000	0	0	
MISCELLANEOUS MAINTENANCE	1,250	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	210,345	$	9,693	$	59,362	
				
ADMINISTRATIVE EXPENDITURES				
ENGINEERING	14,500	0	151	
MANAGEMENT	49,788	4,149	24,894	
SECRETARIAL	4,200	350	2,100	
LEGAL	16,000	0	1,530	
ASSESSMENT ROLL	10,000	0	0	
AUDIT FEES	4,100	0	0	
ARBITRAGE REBATE FEE - SERIES 2013	650	0	0	
ARBITRAGE REBATE FEE - SERIES 2018	650	0	0	
INSURANCE	7,250	0	6,799	
LEGAL ADVERTISING	2,050	0	317	
MISCELLANEOUS/CONTINGENCY	2,000	-150	358	
POSTAGE	700	12	211	
OFFICE SUPPLIES	1,075	18	227	
DUES & SUBSCRIPTIONS	175	0	175	
WEBSITE MANAGEMENT	2,000	167	1,000	
TRUSTEE FEES - SERIES 2013	4,730	0	0	
TRUSTEE FEES - SERIES 2018	4,100	3,709	3,709	
CONTINUING DISCLOSURE FEE - SERIES 2013	1,000	0	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	124,968	$	8,255	$	41,471	
				
TOTAL EXPENDITURES	$	335,313	$	17,948	$	100,833	
				
REVENUES LESS EXPENDITURES	$	1,073,627	$	1,153	$	1,286,647	
				
BOND PAYMENTS (SERIES 2013)	(476,898)	(6,781)	(471,392)	
BOND PAYMENTS (SERIES 2018)	(537,867)	(7,648)	(531,652)	
				
BALANCE	$	58,862	$	(13,276)	$	283,603	
				
ADMINISTRATIVE COSTS	(48,628)	(378)	(26,278)	
DISCOUNTS FOR EARLY PAYMENTS	(57,085)	(201)	(52,911)	
				
EXCESS/ (SHORTFALL)	$	(46,851)	$	(13,855)	$	204,414	
				
CARRYOVER FROM PRIOR YEAR	46,851	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(13,855)	$	204,414	

Bank Balance As Of 3/31/24	$	937,905.44	
Accounts Payable As Of 3/31/24	$	33,289.88	
Accounts Receivable As Of 3/31/24	$	-	
Available Funds As Of 3/31/24	$	904,615.56	

Verona Walk Community Development District
Budget vs. Actual
October 2023 through March 2024

Oct 23 - March 24	23/24 Budget	$ Over Budget	% of Budget
			
Income
363.100 O & M Assessment Income	303,226.18	311,297.00	-8,070.82	97.41%
363.812 Debt Assessments (Series 2013)	500,382.65	515,565.00	-15,182.35	97.06%
363.813 Debt Assessments (Series 2018)	564,348.55	581,478.00	-17,129.45	97.05%
363.822 Debt Assessmnt-Pd To Trustee-13	-471,391.90	-476,898.00	5,506.10	98.85%
363.823 Debt Assessmnt-Pd To Trustee-18	-531,651.85	-537,867.00	6,215.15	98.84%
363.830 Assessment Fees	-26,277.60	-48,628.00	22,350.40	54.04%
363.831 Discounts For Early Payments	-52,911.48	-57,085.00	4,173.52	92.69%
369.399 Carryover From Prior Year	0.00	46,851.00	-46,851.00	0.0%
369.401 Interest Income	19,522.93	600.00	18,922.93	3,253.82%
Total Income	305,247.48	335,313.00	-30,065.52	91.03%
Expense
511.306 Dredging	0.00	1,000.00	-1,000.00	0.0%
511.308 Miscellaneous Maintenance	0.00	1,250.00	-1,250.00	0.0%
Engineering	150.75	14,500.00	-14,349.25	1.04%
Management Fees	24,894.00	49,788.00	-24,894.00	50.0%
Secretarial Fees	2,100.00	4,200.00	-2,100.00	50.0%
511.315 Legal Fees	1,529.50	16,000.00	-14,470.50	9.56%
511.318 Assessment/Tax Roll	0.00	10,000.00	-10,000.00	0.0%
511.320 Audit Fees	0.00	4,100.00	-4,100.00	0.0%
511.450 Insurance	6,799.00	7,250.00	-451.00	93.78%
511.480 Legal Advertisements	317.49	2,050.00	-1,732.51	15.49%
511.512 Miscellaneous	357.95	2,000.00	-1,642.05	17.9%
511.513 Postage and Delivery	211.19	700.00	-488.81	30.17%
511.514 Office Supplies	227.20	1,075.00	-847.80	21.14%
511.540 Dues, License & Subscriptions	175.00	175.00	0.00	100.0%
511.750 Website Management	999.96	2,000.00	-1,000.04	50.0%
512.738 Continuing Disclosure Fee 06-18	0.00	1,000.00	-1,000.00	0.0%
513.330 Arbitrage Rebate Fee-Series 13	0.00	650.00	-650.00	0.0%
513.733 Trustee Fees - Series 2013	0.00	4,730.00	-4,730.00	0.0%
Golf Cart Storage	0.00	1,200.00	-1,200.00	0.0%
Field Inspector	22,814.70	42,600.00	-19,785.30	53.56%
Vehicle Insurance	0.00	1,000.00	-1,000.00	0.0%
Vehicle Equipment (small tools)	0.00	1,545.00	-1,545.00	0.0%
Vehicle Gas and Maintenance	67.40	2,750.00	-2,682.60	2.45%
Lake Spraying (Clark)	34,578.00	77,500.00	-42,922.00	44.62%
Lake H2O Quality Tests-Benchmrk	1,902.00	6,000.00	-4,098.00	31.7%
Lake Littoral & Lake Bank Plant	0.00	6,000.00	-6,000.00	0.0%
Outfall Pipe & Structure Insp &	0.00	5,000.00	-5,000.00	0.0%
Storm Pipe & Erosion Repairs	0.00	48,000.00	-48,000.00	0.0%
Lake Bank Mowing	0.00	16,500.00	-16,500.00	0.0%
514.330 Arbitrage Rebate Fee (2018)	0.00	650.00	-650.00	0.0%
514.733 Trustee Fees (2018)	3,708.75	4,100.00	-391.25	90.46%
Total Expense	100,832.89	335,313.00	-234,480.11	30.07%
			
Net Income		204,414.59		0.00		204,414.59		100.0%

Verona Walk Community Development District
Balance Sheet
As of March 31, 2024

Operating Fund	Debt Service (13) Fund	Debt Service (18) Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
ASSETS
Current Assets
Operating Bank Account	
937,905.44		
0.00		
0.00		
0.00		
0.00		
937,905.44	
Total Current Assets	937,905.44		0.00		0.00		0.00		0.00		937,905.44	
Fixed Assets												
Storm Water Management	0.00		0.00		0.00		15,481,040.00		0.00		15,481,040.00	
Accumulated Depreciation - Stormwater Mgt	0.00		0.00		0.00		-9,288,630.00		0.00		-9,288,630.00	
Total Fixed Assets	0.00		0.00		0.00		6,192,410.00		0.00		6,192,410.00	
Other Assets												
A/R Assessment Income	0.00		0.00		0.00		0.00		0.00		0.00	
A/R Non Ad Valorem Receipts	0.00		0.00		0.00		0.00		0.00		0.00	
Investments - Sinking Acct	0.00		0.00		107.03		0.00		0.00		107.03	
Investments - Interest Acct	0.00		0.00		32.49		0.00		0.00		32.49	
Investments - Reserve Acct	0.00		228,881.25		53,211.02		0.00		0.00		282,092.27	
Investments - Revenue Acct	0.00		474,227.26		665,045.00		0.00		0.00		1,139,272.26	
Investments - Prepayment Acct	0.00		2,609.75		4,596.12		0.00		0.00		7,205.87	
Investments - Excess Revenue	0.00		2,333.42		0.00		0.00		0.00		2,333.42	
Amount Available In DSF (2013)	0.00		0.00		0.00		0.00		708,051.68		708,051.68	
Amount Available In DSF (2018)	0.00		0.00		0.00		0.00		722,991.66		722,991.66	
Amount To Be Provided	0.00		0.00		0.00		0.00		8,708,956.66		8,708,956.66	
Total Other Assets	0.00		708,051.68		722,991.66		0.00		10,140,000.00		11,571,043.34	
TOTAL ASSETS	937,905.44		708,051.68		722,991.66		6,192,410.00		10,140,000.00		18,701,358.78	

LIABILITIES & EQUITY												
Liabilities
Current Liabilities												
Accrued Expenses	0.00		0.00		0.00		0.00		0.00		0.00	
Accounts Payable	33,289.88		0.00		0.00		0.00		0.00		33,289.88	
Total Current Liabilities	33,289.88		0.00		0.00		0.00		0.00		33,289.88	
Long Term Liabilities												
Special Assessment Debt (2013A-1)	0.00		0.00		0.00		0.00		4,065,000.00		4,065,000.00	
Special Assessment Debt (2013A-2)	0.00		0.00		0.00		0.00		110,000.00		110,000.00	
Special Assessment Debt (2018)	0.00		0.00		0.00		0.00		5,965,000.00		5,965,000.00	
Total Long Term Liabilities	0.00		0.00		0.00		0.00		10,140,000.00		10,140,000.00	
Total Liabilities	33,289.88		0.00		0.00		0.00		10,140,000.00		10,173,289.88	
Equity												
Retained Earnings	700,200.97		374,390.05		301,962.41		-9,288,630.00		0.00		-7,912,076.57	
Current Year Depreciation	0.00		0.00		0.00		0.00		0.00		0.00	
Net Income	204,414.59		333,661.63		421,029.25		0.00		0.00		959,105.47	
Investment In Gen Fixed Assets	0.00		0.00		0.00		15,481,040.00		0.00		15,481,040.00	
Total Equity	904,615.56		708,051.68		722,991.66		6,192,410.00		0.00		8,528,068.90	
TOTAL LIABILITIES & EQUITY	937,905.44		708,051.68		722,991.66		6,192,410.00		10,140,000.00		18,701,358.78