VERONA WALK COMMUNITY DEVELOPMENT
DISTRICT

COLLIER COUNTY REGULAR BOARD MEETING MARCH 20, 2025
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
March 20, 2025
10:00 a.m.
Call-In: 800-743-4099 Participant Passcode: 7423990

Call to Order
Pledge of Allegiance
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Approval of Minutes
February 20, 2025 Regular Board Meeting…	Page 2
Old Business
Further Discussion of CDD/HOA Maintenance Responsibilities/Easements
New Business
Discussion of HOA Election Results regarding CDD Maintenance Items
Discussion on Street Drain Pipe Inspection
Premier Lakes Status Update
Discussion of Budget Items for 2025-2026 Budget
Administrative Matters
District Attorney Update
District Engineer Update
Field Inspector Update…	Page 6
District Manager Update
Financials…	Page 7
Upcoming Meetings
April 17, 2025
Comments from the Public
Board Member Comments
Adjourn

*LocaliQ
Florida
GANNETT
AFFIDAVIT OF PUBLICATION

PO Box 631244 Cincinnati, OH 45263-1244

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL. YEAR 202.c/2025

Verona Walk Community Dev. Verona Walk Community Dev. 2501 A Bums Rd
Palm Beach Gardens FL 33410

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who

REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN !hot
the Board of Supa-rvison of 1hlt Verona Walk Communitv Oevetop-
:i is iro:C:i l.m / th , Cenler at Verona Walk located at 8090 sorrento Lone, Nas>'es, F 1or.cia
3411', on !tie followi119 dotes:
Oelo.,., l7, :ZOU
November 21, 2024
December 19. 202
Januarv 16, 2025
February 20, 2025
March 20, 2025
Agrfl 17, 2025
May 15, 2025
July 17, 2025
Auoust 21, 2025

on oath says that he or she is the Legal Advertising

The

Segtember 18, 202S
1>11rgose of the meetings is lo

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:

10/07/2024

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 10/07/2024

My commission expires

Publication Cost:	$303.84	
Tax Amount:	$0.00	
Payment Cost:	$303.84	
Order No:	10630339	
Customer No:	1125598	
PO#:		

# of Copies: 1

THIS IS NOT AN INVOICE!
Please do no/ use th1sformfor payment remillance

conduct anv business coming before the Board. Meetings are ol)en to the public and wl II be conducted In accordance with the provisions of Florido low. Cop,!$ of the Agendas for onv of the meetings mov be obtained from the District's website or  by  contoctinii  the  District
Monooer at [239) 790 and/or IOII free at 1.an.737-4922 orior 10 the dote of Jhe POrticulor meetine.
From time 10 time one or more
Sue>erviso,s mav POrticloate bv tele-­ pt,one; th&refore, ot the locatlon of th<ne meetings there will be a
$peo.ker telept,one present so that Inter!$ted oersons con attend the meetir19s .gt the obOve location and be fully informed of the discussions toking Ploce either in ,person or bv telephone communication. Said meetrngs mciy be continued os tound neceuarv to a date and time certain as stated on the record.
If onv oerson decides to appeal onv decision made with respect to any matter considered ot these meet­ inos, such person wl II n&ed o recoro of the proc:eed,ns,s nnd such per n mov need to insure that o ve-r-batiim l'KOfd of the Pnxeeding5 is. made- ot his or her awn exi;JeMe tN"ld wt'lie:h recOt'd include, the te-stimonv and evidence on which the ac,pe,af is based.
tn occarctance with the orovisian:s, of fhe Americans wltll Disablllt;es Acr. any person requiring special accom• modotions or on ;n1e,-pret•r 10 participate at any of these meetingis should contact the District Monoaer
ol iffll ,4,1.4-5790 and/or roll free ot t- 177-737-4922 ot least seven (7) dovs prior to the date of the particular
meeting.
Meeting$ mgy be c:anc.elled from time to Ume without advert notir;e.
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT
www.veronawalkcdd.oro
10f712• #1=339

NANCY HEYRMAN
Notary Public
State of Wisconsin

Page 1 of 1

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
FEBRUARY 20, 2025

CALL TO ORDER

The February 20, 2025, 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 7, 2024, as part of the District’s Fiscal Year 2024/2025 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	Absent	
Supervisor	Roger Roy	Present	
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	
Field Inspector	Bohdan Hirniak	Special District Services, Inc.	
District Engineer	Terry Cole (via phone)	Hole Montes, Inc.	

Also present were the following:

Residents Dan Shallow, Ron Talbot, Marthanna Kallop, Nikki DiPietro, Joe Candela, Herb Czeschin, Libby Barrick, Tom Feldmann, Jeanne Condle, Beth Boland, Anne Macauley, Joe Contaldi, Ken & Judi Muckenhaupt, Irene Maife, Terence Smith

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.
Page 1 of 4

APPROVAL OF MINUTES
January 16, 2025, Regular Board Meeting

The January 16, 2025, Regular Board Meeting minutes were presented for approval.

A motion was made by Mr. Hogan, seconded by Mr. Kurzawski and passed unanimously approving the minutes of the January 16, 2025, Regular Board Meeting, as presented.

NEW BUSINESS
Consider Lake Management Agreement with Premier

Ms. Czubkowski gave the background and went over the scope of the agreement, noting that the contract called for 96 visits versus the 24 visits with the current contractor. She continued that this was in response to the resident’s request and assessment funding for additional spraying.

A motion was made by Mr. Roy, seconded by Mr. Hogan and passed unanimously approving the Lake Management Agreement with Premier, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.
ADMINISTRATIVE MATTERS
District Attorney Update
Discussion Regarding CDD/HOA Maintenance Responsibilities/Easements
Mr. Urbancic stated that he had connected with the engineer and they had gone over the historical documents. He continued that the District accepted assignments of dedications, lake drainage and maintenance easements and continued to take care of those property rights. Mr. Czeschin questioned Section 3.6 of the charging documents that stated a district responsibility for maintenance for property they own pursuant to the platted tracks. Ms. Czubkowski asked if that meant the CDD needed to maintain trees in the easement that they did not plant. Mr. Urbancic stated if there was an agreement for trees that would supersede the language, but if they are on our lake track it would be the District’s responsibility. He added that the drainage easements were grey as there are easements in facility areas so it is not a one size fits all responsibility. There was a consensus of the Board to proceed on this issue. Mr. Hogan stated the maintenance all came out of the same pocket and Mr. Roy added that it would be best if the Board used the same contractor as the HOA so that there are not two maintenance contracts. Mr. Contaldi stated that things may have been put in before land was deeded to the CDD and the HOA so it would be helpful to have a comprehensive agreement between the two organizations on maintenance. There was general discussion on high water lines and maps noting that the County would have maps digitized on their website. Mr. Cole stated that he agreed with the summary Mr. Urbancic had provided and added that maintenance for lakes was spraying of lakes, and other responsibilities were assigned over the years between the HOA and CDD. He noted that plantings were often done without the CDD’s knowledge and he would recommend agreements to be required.

District Engineer Update
Page 2 of 4

Announcement of Retirement

Ms. Czubkowski announced Mr. Cole’s retirement and the District would need to find a new engineer. Mr. Urbancic stated that state statutes require going through the RFQ process for engineers and other professionals, noting this included publishing a notice, ranking, selecting and negotiating an agreement for services. Ms. Czubkowski asked about the process timeline and Mr. Urbancic responded that notices usually run for about 30 days, then they would come back to the Board for ranking. Next, staff will negotiate an agreement. If not reached, then negotiations would begin with the next highest ranked firm. He added that there were not too many firms applying to recent engineering RFQs he had seen. Ms. Czubkowski thanked Mr. Cole for his years of service to the District. Mr. Cole stated that he enjoyed working with everyone and will still be available while the Board goes through the RFQ process.

A motion was made by Mr. Hogan, seconded by Mr. Roy and passed unanimously to move forward with the RFQ process for a District Engineer.

Field Inspector Update

Mr. Hirniak went over his report included in the meeting material. He stated that the area was in a dry period where normally there is 2.5 inches of rain and it currently stands at ½ inch. He pointed out though that this pattern was not inconsistent with prior years. He reported that he had inspected downspout extensions on two homes and that there were two pools under construction.

District Manager Update
Financials
Ms. Meneely went over the financials and there were no questions from the Board Members. Ms. Meneely reminded the Board of the upcoming March 20, 2025, meeting.
Ms. Meneely advised that the budget was currently scheduled to be presented at the March 20, 2025, and July 17, 2025, meetings. After discussion it was the consensus of the Board to change the April 17, 2025, and July 17, 2025, meeting dates.

COMMENTS FROM THE PUBLIC

Mr. Talbot stated he was pleased with the additional attention being given to the lakes. Mr. Contaldi agreed and expressed, again, that he believed the HOA & CDD needed to get together without attorneys being involved. Ms. Czubkowski stated that the HOA was in flux and changing so she believed the professionals needed to be involved and adhered to.

BOARD MEMBER COMMENTS
Ms. Czubkowski stated she had been contacted by James Ratz from 4-Star who owns a community just north of Verona Walk. She explained that the community needed stormwater capacity and were given the District’s name by the SFWMD. She told Mr. Ratz that the District was in flux with an engineer and it was beyond her expertise. Mr. Cole stated that a fellow engineer, Chris Wright, was working with this developer and had expressed the issue of wanting to flow through Verona Walk.
Page 3 of 4

Ms. Czubkowski asked that an executive summary be put together and gave no commitment. Mr. Cole added that if there were a discharge, permits would need to be modified accordingly as would control structures for the pass through. Mr. Hogan stated that he was not sure what benefit it would be to the District and Ms. Czubkowski stated it might impact our water levels. Mr. Kurzawski added that he knew they had issues in this neighboring development.

Mr. Hogan stated the paint was available for the pump boxes for whoever was going to do the painting. Mr. Hirniak stated he would try to get them painted in mid-March when all is exposed. Ms. Czubkowski advised that Mr. Hirniak could contact Premier to get the boxes painted.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 11:00 on a motion made by Mr. Hogan, seconded by Mr. Roy and that motion carried unanimously.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

From: bphirniak@aol.com <bphirniak@aol.com>
Sent: Thursday, March 13, 2025 9:29 PM
To: Kathleen Meneely <kmeneely@sdsinc.org>
Subject: Mothly Report - 2/20/2025 to 3/20/2025

Verona Walk Field Inspection Report for 2/20/2025 to 3/20/2025.

The inspections for this period indicate no changes in erosion (very little rain - we are still in the dry season), water quality (still good), and littoral health (still good and some say too good).
Outfall inspections indicate no changes with conditions still good.
Lake levels dropped 5" over the reporting period due to very little rain.
Inspections for HOA landscape spraying continues on an as needed basis with no issues. Lake bank mowing not occurring because of the little growth.
Water quality treating not scheduled for this period, but visual inspections indicate good quality of water with active ﬁsh life,
No contractor coordination required for this reporting period.
Little swimming pool construction ongoing with what is ongoing is acceptable.
No drainage inspections required. One previously installed drain pipe being replaced and buried.
As mentioned previously, rain events and ﬂows are seasonal with little occurring.
New contractor, Premier, in place and had started their work. Will replace on progress in next reprt.

Verona Walk Community Development District

Financial Report For February 2025

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
FEBRUARY 2025

REVENUES	Annual Budget
10/1/24 - 9/30/25	
Actual Feb-25	Year To Date Actual
10/1/24 - 2/28/25	
O & M ASSESSMENTS	448,974	0	414,022	
DEBT ASSESSMENTS - SERIES 2013	515,025	0	474,980	
DEBT ASSESSMENTS - SERIES 2018	580,455	0	535,224	
OTHER REVENUES	0	0	0	
INTEREST INCOME	1,200	0	10,205	
				
TOTAL REVENUES	$	1,545,654	$	-	$	1,434,431	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
FIELD INSPECTOR	43,200	3,852	19,262	
VEHICLE - INSURANCE	1,000	0	0	
VEHICLE - EQUIPMENT (SMALL TOOLS)	1,545	0	0	
VEHICLE - GAS & MAINTENANCE	2,750	0	10	
GOLF CART STORAGE	1,500	0	1,800	
LAKE SPRAYING (SOLITUDE-CLARK)	100,000	0	5,198	
LAKE WATER QUALITY TESTING (BENCHMARK)	6,000	0	2,297	
LAKE LITTORAL & LAKE BANK PLANTINGS	0	0	0	
LAKE BANK MOWING	65,650	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	
SPECIAL PROJECTS	15,000	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	291,895	$	3,852	$	28,567	
				
ADMINISTRATIVE EXPENDITURES				
ENGINEERING	13,500	352	1,806	
MANAGEMENT	51,276	4,273	21,365	
SECRETARIAL	4,200	350	1,750	
LEGAL	15,000	0	4,872	
ASSESSMENT ROLL	10,000	0	0	
AUDIT FEES	4,200	0	0	
ARBITRAGE REBATE FEE - SERIES 2013	650	0	0	
ARBITRAGE REBATE FEE - SERIES 2018	650	0	0	
INSURANCE	7,500	0	7,265	
LEGAL ADVERTISING	2,050	0	304	
MISCELLANEOUS/CONTINGENCY	1,800	98	368	
POSTAGE	700	25	195	
OFFICE SUPPLIES	1,075	192	358	
DUES & SUBSCRIPTIONS	175	0	175	
WEBSITE MANAGEMENT	2,000	167	833	
TRUSTEE FEES - SERIES 2013	4,730	0	0	
TRUSTEE FEES - SERIES 2018	4,100	0	0	
CONTINUING DISCLOSURE FEE - SERIES 2013	1,000	0	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	124,606	$	5,457	$	39,291	
				
TOTAL EXPENDITURES	$	416,501	$	9,309	$	67,858	
				
REVENUES LESS EXPENDITURES	$	1,129,153	$	(9,309)	$	1,366,573	
				
BOND PAYMENTS (SERIES 2013)	(476,898)	0	(447,041)	
BOND PAYMENTS (SERIES 2018)	(536,921)	0	(503,742)	
				
BALANCE	$	115,334	$	(9,309)	$	415,790	
				
ADMINISTRATIVE COSTS	(53,048)	0	(27,356)	
DISCOUNTS FOR EARLY PAYMENTS	(62,286)	0	(56,419)	
				
EXCESS/ (SHORTFALL)	$	-	$	(9,309)	$	332,015	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(9,309)	$	332,015	

Bank Balance As Of 2/28/25	$	1,181,142.04	
Accounts Payable As Of 2/28/25	$	54,459.90	
Accounts Receivable As Of 2/28/25	$	-	
Available Funds As Of 2/28/25	$	1,126,682.14	

Verona Walk Community Development District
Budget vs. Actual
October 2024 through February 2025

Oct 24- Feb 25	24-25 Budget	$ Over Budget	% of Budget
			
Income

363.100 • O & M Assessment Income	414,022.12		448,974.00		-34,951.88		92.22%	
363.812 • Debt Assessments (Series 2013)	474,979.60		515,565.00		-40,585.40		92.13%	
363.813 • Debt Assessments (Series 2018)	535,224.40		580,455.00		-45,230.60		92.21%	
363.822 • Debt Assessmnt-Pd To Trustee-13	-447,040.70		-476,898.00		29,857.30		93.74%	
363.823 • Debt Assessmnt-Pd To Trustee-18	-503,741.90		-536,921.00		33,179.10		93.82%	
363.830 • Assessment Fees	-27,356.14		-53,302.00		25,945.86		51.32%	
363.831 • Discounts For Early Payments	-56,419.47		-62,572.00		6,152.53		90.17%	
369.401 • Interest Income	10,205.20		1,200.00		9,005.20		850.43%	
Total Income	399,873.11		416,501.00		-16,627.89		96.01%	
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%	
511.310 • Engineering	1,805.50		13,500.00		-11,694.50		13.37%	
511.311 • Management Fees	21,365.00		51,276.00		-29,911.00		41.67%	
511.312 • Secretarial Fees	1,750.00		4,200.00		-2,450.00		41.67%	
511.315 • Legal Fees	4,871.53		15,000.00		-10,128.47		32.48%	
511.318 • Assessment/Tax Roll	0.00		10,000.00		-10,000.00		0.0%	
511.320 • Audit Fees	0.00		4,200.00		-4,200.00		0.0%	
511.450 • Insurance	7,265.00		7,500.00		-235.00		96.87%	
511.480 • Legal Advertisements	303.84		2,050.00		-1,746.16		14.82%	
511.512 • Miscellaneous	367.98		1,800.00		-1,432.02		20.44%	
511.513 • Postage and Delivery	195.32		700.00		-504.68		27.9%	
511.514 • Office Supplies	357.65		1,075.00		-717.35		33.27%	
511.540 • Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.750 • Website Management	833.30		2,000.00		-1,166.70		41.67%	
512.736 • Continuing Disclosure Fee 2013	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%	
514.100 • Golf Cart Storage	1,800.00		1,500.00		300.00		120.0%	
514.101 • Field Inspector	19,262.25		43,200.00		-23,937.75		44.59%	
514.103 • Vehicle Insurance	0.00		1,000.00		-1,000.00		0.0%	
514.104 • Vehicle Equipment (small tools)	0.00		1,545.00		-1,545.00		0.0%	
514.105 • Vehicle Gas and Maintenance	10.25		2,750.00		-2,739.75		0.37%	
514.106 • Lake Spraying (Solitude-Clark)	5,198.00		100,000.00		-94,802.00		5.2%	
514.107 • Lake H2O Quality Tests-Benchmrk	2,297.25		6,000.00		-3,702.75		38.29%	
514.109 • Outfall Pipe & Structure Insp &	0.00		5,000.00		-5,000.00		0.0%	
514.110 • Storm Pipe & Erosion Repairs	0.00		48,000.00		-48,000.00		0.0%	
514.111 • Lake Bank Mowing	0.00		65,650.00		-65,650.00		0.0%	
514.112 • Special Projects	0.00		15,000.00		-15,000.00		0.0%	
514.330 • Arbitrage Rebate Fee (2018)	0.00		650.00		-650.00		0.0%	
514.733 • Trustee Fees (2018)	0.00		4,100.00		-4,100.00		0.0%	
Total Expense	67,857.87		416,501.00		-348,643.13		16.29%	
Net Income		332,015.24			0.00			332,015.24			100.0%	

Verona Walk Community Development District
Balance Sheet
As of February 28, 2025

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	
1,181,142.04		
0.00		
0.00		
0.00		
0.00		
1,181,142.04	
Total Current Assets	1,181,142.04		0.00		0.00		0.00		0.00		1,181,142.04	
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		-9,907,872.00		0.00		-9,907,872.00	
Total Fixed Assets	0.00		0.00		0.00		5,573,168.00		0.00		5,573,168.00	
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		112.00		0.00		0.00		112.00	
Investments - Interest Acct	0.00		0.00		0.14		0.00		0.00		0.14	
Investments - Reserve Acct	0.00		228,881.25		55,688.27		0.00		0.00		284,569.52	
Investments - Revenue Acct	0.00		498,879.88		647,896.06		0.00		0.00		1,146,775.94	
Investments - Prepayment Acct	0.00		6,615.81		14,779.42		0.00		0.00		21,395.23	
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		736,710.36		736,710.36	
Amount Available In DSF (2018)	0.00		0.00		0.00		0.00		718,475.89		718,475.89	
Amount To Be Provided	0.00		0.00		0.00		0.00		8,064,813.75		8,064,813.75	
Total Other Assets	0.00		736,710.36		718,475.89		0.00		9,520,000.00		10,975,186.25	
TOTAL ASSETS	1,181,142.04		736,710.36		718,475.89		5,573,168.00		9,520,000.00		17,729,496.29	

LIABILITIES & EQUITY												
Liabilities
Current Liabilities												
Accrued Expenses	0.00		0.00		0.00		0.00		0.00		0.00	
Accounts Payable	54,459.90		0.00		0.00		0.00		0.00		54,459.90	
Total Current Liabilities	54,459.90		0.00		0.00		0.00		0.00		54,459.90	
Long Term Liabilities												
Special Assessment Debt (2013A-1)	0.00		0.00		0.00		0.00		3,800,000.00		3,800,000.00	
Special Assessment Debt (2013A-2)	0.00		0.00		0.00		0.00		105,000.00		105,000.00	
Special Assessment Debt (2018)	0.00		0.00		0.00		0.00		5,615,000.00		5,615,000.00	
Total Long Term Liabilities	0.00		0.00		0.00		0.00		9,520,000.00		9,520,000.00	
Total Liabilities	54,459.90		0.00		0.00		0.00		9,520,000.00		9,574,459.90	
Equity												
Retained Earnings	794,666.90		386,594.08		322,153.04		-9,907,872.00		0.00		-8,404,457.98	
Current Year Depreciation	0.00		0.00		0.00		0.00		0.00		0.00	
Net Income	332,015.24		350,116.28		396,322.85		0.00		0.00		1,078,454.37	
Investment In Gen Fixed Assets	0.00		0.00		0.00		15,481,040.00		0.00		15,481,040.00	
Total Equity	1,126,682.14		736,710.36		718,475.89		5,573,168.00		0.00		8,155,036.39	
TOTAL LIABILITIES & EQUITY	1,181,142.04		736,710.36		718,475.89		5,573,168.00		9,520,000.00		17,729,496.29