Holly Hill Road East Community Development District

Agenda

June 10, 2025

Holly Hill Road East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

June 3, 2025

Board of Supervisors Holly Hill Road East
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of Holly Hill Road East Community Development District will be held Tuesday, June 10, 2025 at 11:00 AM at the Lake Alfred Public Library, 245 N. Seminole Ave, Lake Alfred, FL 33850.

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom  Video  Link:  https://us06web.zoom.us/j/81664804962
Zoom Call-In Information: 1-646-876-9923
Meeting ID: 816 6480 4962

Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Approval of the Minutes of the April 8, 2025 Meeting
Review and Ranking of Proposals and Selection of an Auditor
DiBartolomeo, McBee, Hartley & Barnes, P.A.
Grau & Associates
McDirmit Davis
Adjournment
Board of Supervisors Meeting
Roll Call
Public Comment Period
Approval of the Minutes of the April 8, 2025 Board of Supervisors Meeting
Public Hearing
Consideration of Resolution 2025-10 Adopting the Fiscal Year 2026 Budget and Relating to the Annual Appropriations
Consideration of Resolution 2025-11 Imposing Special Assessments and Certifying an Assessment Roll
Ratification of License Agreement for Holiday Event
Acceptance of Audit Committee Recommendation and Selection of Number 1 Ranked Auditor to Provide Auditing Services
Staff Reports
Attorney
Engineer
Consideration of Work Authorization 2025-02
Field Manager's Report
District Manager's Report
Approval of Check Register
Balance Sheet & Income Statement
Approval of Fiscal Year 2026 Meeting Schedule
District Goals & Objectives
Presentation of Fiscal Year 2025 Authorizing Chair to Execute
Adoption of Fiscal Year 2026 Goals & Objectives
Presentation of Registered Voters- 896
Form 1 Reminder- Deadline July 1, 2025
Other Business
Supervisors Requests and Audience Comments
Adjournment

Sincerely,
Tricia L. Adams Tricia L. Adams District Manager

Audit Committee Meeting

Minutes
MINUTES OF MEETING HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Holly Hill Road East Community Development District was held on Tuesday, April 8, 2025 at 11:34 a.m. at the Lake Alfred Public Library, 245
N. Seminole Ave, Lake Alfred, Florida and via Zoom.

Present and constituting a quorum were:
Adam Morgan	Chairman
Rob Bonin	Vice Chairman
Courtney Taylor	Assistant Secretary
Hansen Wong	Assistant Secretary
Nancy Henneberger	Assistant Secretary Also, present were:
Tricia Adams	District Manager, GMS
Monica Virgen	District Manager, GMS
Grace Rinaldi	District Counsel, Kilinski Van Wyk
Chace Arrington by Zoom	District Engineer
Marshall Tindall by Zoom	Field Services Manager, GMS

The following is a summary of the discussions and actions taken at the April 8, 2025 Holly
Hill Road East Community Development District’s Audit Committee Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams noted no members of the public were present.
April 8, 2025	Holly Hill Road East

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Approval of Notice of Request for Proposals for Audit Services
Public Announcement of Opportunity to Provide Audit Services
Ms. Adams noted on page 56 of the agenda package is the request for proposals for audit services and on page 58 is the evaluation criteria. She reviewed the selection evaluation criteria and points. Also included in the agenda package is a copy of the legal notice that will be submitted to the newspaper in Polk County.

FOURTH ORDER OF BUSINESS	Adjournment
Ms. Adams asked for a motion to adjourn the audit committee meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Holly Hill Road East CDDAuditor Selection								
	Ability of Personnel (20 pts)	Proposer's Experience (20 pts)	Understading of Scope of Work (20 pts)	Ability to Furnish the Required Services (20 pts)	Price (20 pts)	Total Points Earned	Ranking
(1 being highest)	
					2025-$3,150			
DiBartolomeo, Hartley & Barnes					2026-$3,300
2027-$3,450
2028-$3,600			
					2029- $ 3,750			
					2025-$4,000			
Grau & Associates					2026-$4,100
2027-$4,200			
					2028-$4,300			
					2029-$4,400			
McDirmit Davis					2025-$4,300
2026-$4,300			
					2027-$4,500			
					2028-$4,500			
					2029-$4,600			

Section A

Holly Hill Road East Community Development District

DiBartolomeo, McBee, Hartley & Barnes, P.A. Certified Public Accountants
2222 Colonial Road, Suite 200 Fort Pierce, Florida 34950 (772) 461-8833
591 SE Port St. Lucie Boulevard Port Saint Lucie, Florida 34984 (772) 878-1952
Contact:

Jim Hartley, CPA Principal
TABLE OF CONTENTS

Letter of Transmittal Professional Qualifications
Professional Staff Resources	1-2
Current and Near Future Workload	2
Identification of Audit Team	2
Resumes	3-5
Governmental Audit Experience	6
Additional Data
Procedures for Ensuring Quality Control & Confidentiality	7
Independence	7-8
Computer Auditing Capabilities	8
Contracts of Similar Nature	9
Technical Approach
Agreement to Meet or Exceed the Performance Specifications	10
Tentative Audit Schedule	11
Description of Audit Approach	12-15
Proposed Audit Fee	16
DMHB	DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS	

Holly Hill Road East
Community Development District Audit Selection Committee

Dear Committee Members:

We are pleased to have this opportunity to present the qualifications of DiBartolomeo, McBee, Hartley & Barnes, P.A. (DMHB) to serve as Holly Hill Road East Community Development District’s independent auditors. The audit is a significant engagement demanding various professional resources, governmental knowledge and expertise, and, most importantly, experience serving Florida local governments. DMHB understands the services required and is committed to performing these services within the required time frame. We have the staff available to complete this engagement in a timely fashion. We audit several entities across the State making it feasible to schedule and provide services at the required locations.
Proven Track Record— Our clients know our people and the quality of our work. We have always been responsive, met deadlines, and been willing to go the extra mile with the objective of providing significant value to mitigate the cost of the audit. This proven track record of successfully working together to serve governmental clients will enhance the quality of services we provide.
Experience—DMHB has a history of providing quality professional services to an impressive list of public sector clients in Florida. We currently serve a large number of public sector entities in Florida, including cities, villages, special districts, as well as a large number of community development districts. Our firm has performed in excess of 100 community development district audits. In addition, our senior management team members have between 25 and 35 years experience in serving Florida governments. DMHB is a recognized leader in providing services to governmental and non-profit agencies within the State of Florida. Through our experience in performing audits, we have been able to increase our audit efficiency and therefore reduce cost. We have continually passed this cost saving on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications in accordance with audit 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 with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up to date on all changes that are occurring within the industry.

2222 Colonial Road, Suite 200 • Fort Pierce, Florida 34950 • 772-461-8833 • Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., • Port St. Lucie, Florida 34984 • 772-878-1952 • Fax: 772-878-1709
Member AICPA	Member AICPA Division for CPA Firms	Member AICPA Private Company Practice Section
WWW.DMHBCPA.NET

Timeliness – In order to meet the Districts needs, we will perform interim internal control testing by January 31st from unaudited preliminary general ledgers provided. The remaining testing will be completed no later than May 1st. We will also review all minutes and subsequent needs related to the review of the minutes by January 31st. Follow up review will be completed as necessary.

Communication and Knowledge Sharing— Another driving force behind our service approach is frequent, candid and open communication with management with no surprises. During the course of the audit, we will communicate with management on a regular basis to provide you with a status report on the audit and to discuss any issues that arise, potential management letter comments, or potential audit differences.
In the accompanying proposal, you will find additional information upon which you can evaluate DMHB’s qualifications. Our full team is in place and waiting to serve you. Please contact us at 2222 Colonial Road, Suite 200 Fort Pierce, FL 34950. Our phone number is (772) 461-8833. We look forward to further discussion on how our team can work together with you.

Very truly yours,

DiBartolomeo, McBee, Hartley & Barnes, P.A.

DiBartolomeo, McBee, Hartley & Barnes, P.A. is a local public accounting firm with offices in the cities of Fort Pierce and Port St. Lucie. The firm was formed in 1982.

Professional Staff Resources
Our services will be delivered through personnel in both our Port St. Lucie and Ft. Pierce offices, located at 591 S.E. Port St. Lucie Blvd., Port St. Lucie, FL 34984 and 2222 Colonial Road, Suite 200, Fort Pierce, Florida 34950, respectively. DMHB has a total of 19 professional staff including 9 with extensive experience serving governmental entities.

Professional Staff	Number of	
Classification	Professionals	
Partner	4	
Managers	2	
Senior	2	
Staff	11	
	19	

DiBartolomeo, McBee, Hartley & Barnes provides a variety of accounting, auditing, tax litigation support, estate planning, and consulting services. Some of the governmental, non-profit accounting, auditing and advisory services currently provided to clients include:

Annual financial and compliance audits including Single Audits of State and Federal financial assistance programs under the OMB A-133 audit criteria

Issuance of Comfort Letters, consent letters, and parity certificates in conjunction with the issuance of tax-exempt debt obligations, including compiling financial data and interim period financial statement reviews

Assisting in compiling historical financial data for first-time and subsequent submissions for the GFOA Certificate of Achievement for Excellence in Financial Reporting

1

Professional Staff Resources (Continued)

Audits of franchise fees received from outside franchisees

Preparation of annual reports to the State Department of Banking and Finance

Audits of Internal Controls – Governmental Special Project

Assistance with Implementation of current GASB pronouncements

Current and Near Future Workload
In order to better serve and provide timely and informative financial data, we have comprised an experienced audit team. Our present and future workloads will permit the proposed audit team to perform these audits within the time schedule required and meet all deadlines.

Identification of Audit Team

The team is composed of people who are experienced, professional, and creative. They fully understand your business and will provide you with reliable opinions. In addition, they will make a point to maintain ongoing dialogue with each other and management about the status of our services.
The auditing firm you select is only as good as the people who serve you. We are extremely proud of the outstanding team we have assembled for your engagement. Our team brings many years of relevant experience coupled with the technical skill, knowledge, authority, dedication, and most of all, the commitment you need to meet your government reporting obligations and the challenges that will result from the changing accounting standards.

A flow chart of the audit team and brief resumes detailing individual team members’ experience in each of the relevant areas follow.
Jim Hartley, CPA – Engagement Partner (resume attached) Will assist in the field as main contact
Jay McBee, CPA – Technical Reviewer (resume attached) Christine Kenny, CPA – Senior (resume attached)

2

Experience and Training

Jim has over 35 years of public accounting experience and would serve as the engagement partner. His experience and training include:
35 years of non-profit and governmental experience.
Specializing in serving entities ranging from Government to Associations and Special District audits.
Has performed audits and advisory services for a variety of public sector entities.
Has extensive experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines.
Experienced in maintaining the GFOA Certificate of Achievement.
120 hours of CPE credits over the past 3 years.
Recent Engagements

Has provided audit services on governmental entities including towns, villages, cities, counties, special districts and community development districts. Jim has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Jim currently provides internal audit and consulting services to governmental entities and non-profit agencies to assist in implementing and maintaining “best practice” accounting policies and procedures. Jim provides auditing services to the Fort Pierce Utilities Authority, St. Lucie County Fire District, City of Port St. Lucie, Tradition CDD #1 – 10, Southern Groves CDD #1-6, Multiple CDD audits, Town of St. Lucie Village, Town of Sewall’s Point, Town of Jupiter Island along with several other entities, including Condo and Homeowner Associations.
Education and Registrations
Bachelor of Science in Accounting – Sterling College.
Certified Public Accountant
Professional Affiliations
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
Volunteer Service
Treasurer & Executive Board - St. Lucie County Chamber of Commerce
Budget Advisory Board - St. Lucie County School District
Past Treasurer - Exchange Club for Prevention of Child Abuse & Exchange Foundation Board
Board of Directors – State Division of Juvenile Justice

Experience and Training

Jay has over 45 years of public accounting experience and would serve as the technical reviewer on the audit. His experience and training include:
45 years of government experience.
Specializing in serving local government entities.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, special districts, and school districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including Circular A-133 and the Rules of the Auditor General.
Has extensive experience in performing pension audits.
Experienced in developing and maintaining the GFOA Certificate of Achievement.
120 Hours of relevant government CPE credits over the past 3 years.
Experience in municipal bond and other governmental-financing options and offerings.
Recent Engagements
Has provided auditing services on local governmental entities including towns, villages, cities, counties, special district and community development districts. Jay has assisted with financial preparation, system implementation, and a variety of government services to a wide range of governmental entities. Jay currently provides auditing services to the City of Port St. Lucie, City of Okeechobee Pension Trust Funds, St. Lucie County Fire District Pension funds, along with several other non-profit and governmental entities.

Education and Registrations
Bachelor of Science in Accounting and Quantitative Business Management – West Virginia University.
Certified Public Accountant
Professional Affiliations
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
Volunteer Service
Member of the St. Lucie County Citizens Budget Committee
Finance committee for the First United Methodist Church
Treasurer of Boys & Girls Club of St. Lucie County

Christine M. Kenny, CPA
Senior Staff – DiBartolomeo, McBee, Hartley & Barnes
Experience and training
Christine has over 18 years of public accounting experience and would serve as a senior staff for the Constitutional Officers. Her experience and training include:

18 years of manager and audit experience.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, towns and special districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including
Circular A-133 and the Rules of the Auditor General.
100 hours of relevant government CPE credits over the past 3 years.

Recent Engagements

Has provided audit services on governmental entities including towns, villages, cities and special districts. Christine has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Christine currently provides services to multiple agencies to assist in implementing and maintaining “best practice” accounting policies and procedures.
Engagements include St. Lucie County Fire District, City of Fort Pierce, Town of Sewall’s Point, and Town of St. Lucie Village.

Education and Registrations

Bachelor of Science in Accounting – Florida State University
Professional Affiliations
Active Member of the Florida Institute of Certified Public Accountants
Active Member of the American Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
PROFESSIONAL QUALIFICATIONS (CONTINUED)

Governmental Audit Experience
DiBartolomeo, McBee, Hartley & Barnes, P.A., through its principals and members, has provided continuous in-depth professional accounting, auditing, and consulting services to local government units, nonprofit organizations, and commercial clients. Our professionals have developed considerable expertise in performing governmental audits and single audits and in preparing governmental financial statements in conformance with continually evolving GASB pronouncements, statements, and interpretations. All of the public sector entities we serve annually are required to be in accordance with GASB pronouncements and government auditing standards. We currently perform several Federal and State single audits in compliance with OMB Circular A- 133 and under the Florida Single Audit Act. Our professionals are also experienced in assisting their clients with preparing Comprehensive Annual Financial Reports (GFOA).
All work performed by our firm is closely supervised by experienced certified public accountants. Only our most seasoned CPA’s perform consulting services. Some of the professional accounting, auditing, and management consulting services currently provided to our local governmental clients include:

Annual financial and compliance audits including Single Audits of State and Federal financial assistance programs under OMB A-133 audit criteria and the Florida Single Audit Act
Assisting in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement of Excellence in Financial Reporting
Audits of franchise fees received from outside franchisees
Assistance with Implementation of GASB-34
Internal audit functions
Fixed assets review and updating cost/depreciation allocations and methods
ADDITIONAL DATA

Procedures for Ensuring Quality Control & Confidentiality

Quality control in any CPA firm can never be taken for granted. It requires a continuing commitment to professional excellence. DiBartolomeo, McBee, Hartley & Barnes is formally dedicated to that commitment.

In an effort to continue to maintain the standards of working excellence required by our firm, DiBartolomeo, McBee, Hartley & Barnes, P.A. joined the Quality Review Program of the American Institute of Certified Public Accountants. To be a participating member firm, a firm must obtain an independent compliance review of its quality control policies and procedures to ascertain the firm’s compliance with existing auditing standards on the applicable engagements. The scope of peer review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm:

Professional, economic, and administrative independence
Assignment of professional personnel to engagements
Consultation on technical matters
Supervision of engagement personnel
Hiring and employment of personnel
Professional development
Advancement
Acceptance and continuance of clients
Inspection and review system

Independence

Independence is a hallmark of our profession. We encourage our staff to use professional judgment in situations where our independence could be impaired or the perception of a conflict of interest might exist. In the governmental sector, public perception is as important as professional standards. Therefore, independent auditors must exercise utmost care in the performance of their duties.

Our firm has provided continuous certified public accounting services in the government sector for 31 years, and we are independent of the Community Development Districts as defined by the following rules, regulations, and standards:
ADDITIONAL DATA (CONTINUED)

Independence (Continued)

Au Section 220 – Statements on Auditing Standards issued by the American Institute of Certified Public Accountants
ET Sections 101 and 102 – Code of Professional Conduct of the American Institute of Certified Public Accountants
Chapter 21A-21, Florida Administrative Code
Section 473.315, Florida Statutes
Government Auditing Standards, issued by the Comptroller General of the United States

Computer Auditing Capabilities

DiBartolomeo, McBee, Hartley & Barnes’ strong computer capabilities as demonstrated by our progressive approach to computer auditing and extensive use of microcomputers. Jay McBee is the MIS partner for DMHB. Jay has extensive experience in auditing and evaluating various computer systems and would provide these services in this engagement.

We view the computer operation as an integral part of its accounting systems. We would evaluate the computer control environment to:

Understand the computer control environment’s effect on internal controls
Conclude on whether aspects of the environment require special audit attention
Make preliminary determination of comments for inclusion in our management letter

This evaluation includes:

System hardware and software
Organization and administration
Access

Contracts of Similar Nature within References

Client	
Years	Annual Audit In Accordance With GAAS	
Engagement Partner	Incl. Utility Audit/ Consulting	
GFOA
Cert.	GASB 34
Implementation & Assistance	
Total Hours	
St. Lucie County Fire District Karen Russell, Clerk-Treasurer (772)462-2300	1984 -
Current	
√	
Jim Hartley			
√	
250-300	
City of Fort Pierce
Johnna Morris, Finance Director (772)-460-2200	2005-
current	
√	
Mark Barnes		
√	
√	
800	
Fort Pierce Utilities Authority Nina Hurtubise, Finance Director (772)-466-1600	2005-
current	
√	
Jim Hartley	
√	
√	
√	
600	
Town of St. Lucie Village
Diane Robertson, Town Clerk (772) 595-0663	
1999 –
current	
√	
Jim Hartley			
√	
100	
City of Okeechobee Pension Trust Funds
Marita Rice, Supervisor of Finance (863)763-9460	
1998 –
current	
√	
Jay McBee				
60	
St. Lucie County Fire District 175 Pension Trust Fund
Chris Bushman , Captain (772) 462-2300	1990 –
current	
√	
Jay McBee				
60	
Tradition Community Development District 1-10
Alan Mishlove,District Finance Manager
(407)382-3256	
2002 -
current	

√	

Jim Hartley			

√	

350	
Legends Bay Community Development District Patricia Comings-Thibault
(321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Union Park Community Development District Patricia Comings-Thibault
(321)263-0132	2013-
current	
√	
Jim Hartley				50	
Deer Island Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Park Creek Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	

√	

Jim Hartley				

50	
Waterleaf Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	
TECHNICAL APPROACH
An Express Agreement to Meet or Exceed the Performance Specifications.
The audit will be conducted in compliance with the following requirements:

Rules of the Auditor General for form and content of governmental audits
Regulations of the State Department of Banking and Finance
Audits of State and Local Governmental Units-American Institute of Certified Public Accountants.
The audit report shall contain the opinion of the auditor in reference to all financial statements, and an opinion reflecting compliance with applicable legal provisions.
We will also provide the required copies of the audit report, the management letter, any related reports on internal control weaknesses and one copy of the adjusting journal entries and financial work papers.
The auditor shall, at no additional charge, make all related work papers available to any Federal or State agency upon request in accordance with Federal and State Laws and Regulations.
We will work in cooperation with the District, its underwriters and bond council in regard to any bond issues that may occur during the term of the contract.
The financial statements shall be prepared in conformity with Governmental Accounting Standards Board Statement Number 34, 63 and 65.

We will commit to issuing the audit for each Fiscal year by June 1st of the following year. In order to ensure this we will perform interim internal control testing as required by January 31st from unaudited preliminary general ledgers provided. The remaining testing will be completed no later than May 1st. We will also review all minutes and subsequent needs related to the review of the minutes by January 30th. Follow up review will be completed as necessary.
b. A Tentative Schedule for Performing the Key phases of the Audit
Audit Phase and Tasks

Planning Phase:
Meetings and discussions with Holly Hill Road East Community Development District personnel regarding operating, accounting and reporting matters
Discuss management expectations, strategies and objectives
Review operations Develop engagement plan
Study and evaluate internal controls Conduct preliminary analytical review
Detailed Audit Phase:
Conduct final risk assessment Finalize audit approach plan
Perform	substantive	tests	of	account
balances
Perform	single	audit	procedures	(if applicable)
Perform statutory compliance testing
Closing Phase:
Review subsequent events, contingencies and commitments
Complete	audit	work	and	obtain management representations
Review proposed audit adjustments with client
Reporting Phase:
Review		or	assist	in		preparation	of financial statement for Holly Hill Road East Community Development District Prepare	management	letter	and	other special reports
Exit conference with Holly Hill Road East Community Development District officials and management
Delivery of final reports
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
SPECIFIC AUDIT APPROACH
Our partners are not strangers who show up for an entrance conference and an exit conference. We have developed an audit plan that allows the partners to directly supervise our staff in the field. By assigning two partners to the audit, we will have a partner on-site for a significant portion of the fieldwork. This also gives the District an additional contact individual for questions or problems that may arise during the audit.

The scope of our services will include a financial, as well as, a compliance audit of the District’s financial statements. Our audit will be conducted in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Additionally, our audit will be conducted in accordance with the provisions of Chapter 10.550, Rules of the Auditor General, which govern the conduct of local government entity audits performed in the State of Florida.

Our audit approach places emphasis on the accounting information system and how the data is recorded, rather than solely on the verification of numbers on a financial statement. This approach enables us to:

Maximize our understanding of the District’s operating environment
Minimize time required conducting the audit since we start with broad considerations and narrow to specific audit objectives in critical areas
Our audit approach consists of four phases encompassing our audit process:

Planning Phase
Detailed Audit Phase
Closing Phase
Reporting

Planning Phase
Meetings and Expectations:
Our first step in this phase will be to set up a planning meeting with the financial and operating management of Holly Hill Road East Community Development District. Our goal here is to eliminate “surprises.” By meeting with responsible officials early on we can discuss significant accounting policies, closing procedures and timetables, planned timing of our audit procedures and expectations of our work. This will also be the starting point for our discussions with management related to SAS No. 99-Consideration of Fraud in a Financial Statement Audit. Inquiries will be made regarding managements knowledge of fraud and on management’s views regarding the risk of fraud.
Review Operations and Develop Engagement Plan
It is critical that we understand the District’s operating environment. To do this we will obtain and review such items as, organizational charts, recent financial statements, budget information, major contracts and lease agreements. We will also gather other information necessary to increase our understanding of the District’s operations, organization, and internal control.

Study and Evaluate Internal Control
As part of general planning, we will obtain an understanding and assessment of the District’s control environment. This assessment involves a review of management’s operating style, written internal control procedures, and the District’s accounting system. The assessment is necessary to determine if we can rely on control procedures and thus reduce the extent of substantive testing.

We then test compliance with established control procedures by ascertaining that the significant strengths within the system are functioning as described to us. Generally, transactions are selected and reviewed in sufficient detail to permit us to formulate conclusions regarding compliance with control procedures and the extent of operation compliance with pertinent laws and regulations. This involves gaining an understanding of the District’s procedures, laws and regulations, and testing systems for compliance by examining contracts, invoices, bid procedures, and other documents. After testing controls, we then evaluate the results of those tests and decide whether we can rely on controls and thus reduce other audit procedures.

Conduct Preliminary Analytical Review
Also during the planning stage, we undertake analytical procedures that aid us in focusing our energies in the right direction. We call these analytical reviews.
A properly designed analytical review can be a very effective audit procedure in audits of governmental units. Analytical reviews consist of more than just a comparison of current-year actual results to prior-year actual results. Very effective analytical review techniques include trend analysis covering a number of years and comparisons of information not maintained totally within the financial accounting system, such as per capita information, prevailing market interest rates, housing statistics, etc.

Some examples of effective analytical reviews performed together and/or individually include:

Comparison of current-year actual results with current-year budget for the current and past years with investigation of significant differences and/or trends
Trend analysis of the percentage of current-year revenues to current-year rates for the current and previous years with investigation of significant changes in the collection percentage
Trend analysis of the percentage of expenditures by function for the current and previous years with investigation of significant changes in percentages by department
Monthly analysis of receipts compared to prior years to detect trends that may have audit implications
Conclusions reached enable us to determine the nature, timing and extent of other substantive procedures.
Detailed Audit Phase

Conduct Final Risk Assessment and Prepare Audit Programs
Risk assessment requires evaluating the likelihood of errors occurring that could have a material affect on the financial statements being audited. The conclusions we reach are based on many evaluations of internal control, systems, accounts, and transactions that occur throughout the audit. After evaluating the results of our tests of control and our final risk assessment we can develop detailed audit programs.
Perform Substantive Tests of Account Balances
These tests are designed to provide reasonable assurance as to the validity of the information produced by the accounting system. Substantive tests involve such things as examining invoices supporting payments, confirmation of balances with independent parties, analytical review procedures, and physical inspection of assets. All significant accounts will be subjected to substantive procedures. Substantive tests provide direct evidence of the completeness, accuracy, and validity of data.

Perform Single Audit Procedures (if applicable)
During the planning phase of the audit we will request and review schedules of expenditures of federal awards and state financial assistance. These schedules will be the basis for our determination of the specific programs we will test.
In documenting our understanding of the internal control system for the financial statement audit, we will identify control activities that impact major federal and state programs as well. This will allow us to test certain controls for the financial audit and the single audit concurrently. We will then perform additional tests of controls for each federal and state program selected for testing. We will then evaluate the results of the test of controls to determine the nature, timing and extent of substantive testing necessary to determine compliance with major program requirements.
Perform Statutory Compliance Testing
We have developed audit programs for Holly Hill Road East Community Development District designed to test Florida Statutes as required by the Auditor General. These programs include test procedures such as general inquiries, confirmation from third parties, and examination of specific documents.

Closing Phase

During the closing phase we perform detail work paper reviews, request legal letters, review subsequent events and proposed audit adjustments. Communication with the client is critical in this phase to ensure that the information necessary to prepare financial statements in conformity with accounting principles generally accepted in the United States has been obtained.

Reporting Phase
Financial Statement Preparation
As a local firm, we spend a considerable amount of time on financial statement preparation and support. With this in mind, we can assist in certain portions of the preparation of financial statements or simply review a draft of financials prepared by your staff. We let you determine our level of involvement.

Management Letters
We want to help you solve problems before they become major.
Our management letters go beyond citing possible deficiencies in the District’s internal control structures. They identify opportunities for increasing revenues, decreasing costs, improving management information, protecting assets and improving operational efficiency.
The diversity of experience of our personnel and their independent and objective viewpoints make the comments, observations, and conclusions presented in our management letters a valuable source of information. We have provided positive solution-oriented objective recommendations to our governmental clients regarding investments, accounting accuracy, data processing, revenue bonds, payroll, utility billing, purchasing, budgeting, risk management, and internal auditing.
This review ensures the integrity of the factual data in the management letter but does not influence or impair our independence.

Exit Conferences and Delivery of Reports
We anticipate meeting with appropriate District personnel in February and issuing the final required reports by the May meeting of each year.
PROPOSED AUDIT FEE

DiBartolomeo, McBee, Hartley & Barnes P.A. will perform the annual audit of Holly Hill Road East Community Development District as follows:

September 2025	$ 3,150	
September 2026	$ 3,300	
September 2027	$ 3,450	
September 2028	$ 3,600	
September 2029	$ 3,750	

In years of new debt issuance fees may be adjusted as mutually agreed upon.

Section B

Proposal to Provide Financial Auditing Services:
HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: June 2, 2025 5:00PM

Submitted to:
Holly Hill Road East
Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Submitted by:
Antonio J. Grau, Partner Grau & Associates
1001 Yamato Road, Suite 301 Boca Raton, Florida 33431 Tel	(561) 994-9299
(800) 229-4728
Fax	(561) 994-5823
tgrau@graucpa.com www.graucpa.com

Table of Contents	Page
EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS	3
FIRM & STAFF EXPERIENCE	6
REFERENCES	11
SPECIFIC AUDIT APPROACH	13
COST OF SERVICES	17
SUPPLEMENTAL INFORMATION	19

June 2, 2025

Holly Hill Road East Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2025, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the Holly Hill Road East Community Development District’s (the “District”) Request for Proposal (RFP), and we look forward to working with you on your audit. We are an energetic and robust team of knowledgeable professionals and are a recognized leader of providing services to Community Development Districts. As one of Florida’s few firms to primarily focus on government, we are especially equipped to provide you an effective and efficient audit.

Government audits are at the core of our practice: 95% of our work is performing audits for local governments and of that 98% are for special districts. With our significant experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to your operations.

Why Grau & Associates:

Knowledgeable Audit Team
Grau is proud that the personnel we assign to your audit are some of the most seasoned auditors in the field. Our staff performs governmental engagements year-round. When not working on your audit, your team is refining their audit approach for next year’s audit. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you.

Servicing your Individual Needs
Our clients enjoy personalized service designed to satisfy their unique needs and requirements. Throughout the process of our audit, you will find that we welcome working with you to resolve any issues as swiftly and easily as possible. In addition, due to Grau’s very low turnover rate for our industry, you also won’t have to worry about retraining your auditors from year to year.

Developing Relationships
We strive to foster mutually beneficial relationships with our clients. We stay in touch year-round, updating, collaborating, and assisting you in implementing new legislation, rules and standards that affect your organization. We are also available as a sounding board and assist with technical questions.

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.
Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

This proposal is a firm and irrevocable offer for 90 days. We certify this proposal is made without previous understanding, agreement or connection either with any previous firms or corporations offering a proposal for the same items. We also certify our proposal is in all respects fair, without outside control, collusion, fraud, or otherwise illegal action, and was prepared in good faith. Only the person(s), company or parties interested in the project as principals are named in the proposal. Grau has no existing or potential conflicts and anticipates no conflicts during the engagement. Our Federal I.D. number is 20-2067322.

We would be happy to answer any questions or to provide any additional information. We are genuinely excited about the prospect of serving you and establishing a long-term relationship. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or David Caplivski, CPA (dcaplivski@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience.

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

3
Partners

11
Professional Staff

2
Administrative Professionals
10/16
Employees are CPAS

Year founded

Properly registered and licensed professional corporation by the state of FLORIDA

We are proud Members of the American Institute of Certified Public Accountants
&
the Florida Institute of Certified Public Accountants

See next page for report and certificate
⇒ External quality review program:
consistently receives a pass
⇒ Internal: ongoing monitoring to
maintain quality

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

Profile Briefs:
Antonio J GRAU, CPA (Partner)
Years Performing Audits: 35+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 56 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

David Caplivski, CPA (Partner)
Years Performing Audits: 13+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 64 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

YOUR ENGAGEMENT TEAM

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team. The Certified Information Technology Professional (CITP) Partner will bring a unique blend of IT expertise and understanding of accounting principles to the financial statement audit of the District.

Antonio ‘Tony ‘ J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

Education
University of South Florida (1983) Bachelor of Arts
Business Administration

Clients Served (partial list)
(>300) Various Special Districts, including:

Bayside Improvement Community Development District Dunes Community Development District
Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District

Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control
St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District

Professional Associations/Memberships
American Institute of Certified Public Accountants Florida Government Finance Officers Association Florida Institute of Certified Public Accountants  Government Finance Officers Association Member City of Boca Raton Financial Advisory Board Member

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	56
Total Hours	80 (includes of 4 hours of Ethics CPE)
David Caplivski, CPA/CITP, Partner
Contact : dcaplivski@graucpa.com / 561-939-6676
Experience
Grau & Associates	Partner	2021-Present	
Grau & Associates	Manager	2014-2020	
Grau & Associates	Senior Auditor	2013-2014	
Grau & Associates	Staff Auditor	2010-2013	

Education
Florida Atlantic University (2009) Master of Accounting
Nova Southeastern University (2002) Bachelor of Science
Environmental Studies

Certifications and Certificates
Certified Public Accountant (2011)
AICPA Certified Information Technology Professional (2018) AICPA Accreditation COSO Internal Control Certificate (2022)

Clients Served (partial list)
(>300) Various Special Districts	Hispanic Human Resource Council
Aid to Victims of Domestic Abuse	Loxahatchee Groves Water Control District
Boca Raton Airport Authority	Old Plantation Water Control District
Broward Education Foundation	Pinetree Water Control District
CareerSource Brevard	San Carlos Park Fire & Rescue Retirement Plan CareerSource Central Florida 403 (b) Plan	South Indian River Water Control District
City of Lauderhill GERS	South Trail Fire Protection & Rescue District
City of Parkland Police Pension Fund	Town of Haverhill
City of Sunrise GERS	Town of Hypoluxo
Coquina Water Control District	Town of Hillsboro Beach
Central County Water Control District	Town of Lantana
City of Miami (program specific audits)	Town of Lauderdale By-The–Sea Volunteer Fire Pension City of West Park	Town of Pembroke Park
Coquina Water Control District	Village of Wellington East Central Regional Wastewater Treatment Facl.	Village of Golf
East Naples Fire Control & Rescue District

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	64
Total Hours	88 (includes 4 hours of Ethics CPE)
Professional Associations
Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants Member, Florida Government Finance Officers Association Member, Florida Association of Special Districts

References

We have included three references of government engagements that require compliance with laws and regulations, follow fund accounting, and have financing requirements, which we believe are similar to the District.

 Dunes Community Development District	
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 1998
Client Contact	Darrin Mossing, Finance Director 475 W. Town Place, Suite 114
St. Augustine, Florida 32092
	904-940-5850	

 Two Creeks Community Development District	
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 2007
Client Contact	William Rizzetta, President 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614
	813-933-5571	

 Journey’s End Community Development District	
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 2004
Client Contact	Todd Wodraska, Vice President
2501 A Burns Road
Palm Beach Gardens, Florida 33410
	561-630-4922	

Specific Audit Approach

AUDIT APPROACH
Grau’s Understanding of Work Product / Scope of Services:
We recognize the District is an important entity and we are confident our firm is eminently qualified to meet the challenges of this engagement and deliver quality audit services. You would be a valued client of our firm and we pledge to commit all firm resources to provide the level and quality of services (as described below) which not only meet the requirements set forth in the RFP but will exceed those expectations. Grau & Associates fully understands the scope of professional services and work products requested. Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida and any other applicable Federal, State of Local regulations. We will deliver our reports in accordance with your requirements.

Proposed segmentation of the engagement
Our approach to the audit engagement is a risk-based approach which integrates the best of traditional auditing techniques and a total systems concept to enable the team to conduct a more efficient and effective audit. The audit will be conducted in three phases, which are as follows:

PHASE I:
Preliminary Planning
PHASE II:
Execution of the Audit Plan
PHASE III:
Completion and Delivery

Phase I - Preliminary Planning
A thorough understanding of your organization, service objectives and operating environment is essential for the development of an audit plan and for an efficient, cost-effective audit. During this phase, we will meet with appropriate personnel to obtain and document our understanding of your operations and service objectives and, at the same time, give you the opportunity to express your expectations with respect to the services that we will provide. Our work effort will be coordinated so that there will be minimal disruption to your staff.

During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.
Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
»  Perform tests of compliance.
Phase III - Completion and Delivery

In this phase of the audit, we will complete the tasks related to year-end balances and financial reporting. All reports will be reviewed with management before issuance, and the partners will be available to meet and discuss our report and address any questions. Tasks to be performed in Phase III include, but are not limited to the following:

» Perform final analytical procedures;
»  Review information and make inquiries for subsequent events; and
» Meeting with Management to discuss preparation of draft financial statements and any potential findings or recommendations.

You should expect more from your accounting firm than a signature in your annual financial report. Our concept of truly responsive professional service emphasizes taking an active interest in the issues of concern to our clients and serving as an effective resource in dealing with those issues. In following this approach, we not only audit financial information with hindsight but also consider the foresight you apply in managing operations.

Application of this approach in developing our management letter is particularly important given the increasing financial pressures and public scrutiny facing today’s public officials. We will prepare the management letter at the completion of our final procedures.

In preparing this management letter, we will initially review any draft comments or recommendations with management. In addition, we will take necessary steps to ensure that matters are communicated to those charged with governance.

In addition to communicating any recommendations, we will also communicate the following, if any:

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
»  Difficulties encountered in performing the audit.
Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

To assure full agreement with facts and circumstances, we will fully discuss each item with Management prior to the final exit conference. This policy means there will be no “surprises” in the management letter and fosters a professional, cooperative atmosphere.

Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.

Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2025-2029 are as follows:

  Year Ended September 30,			Fee		
2025	$4,000	
2026	$4,100	
2027	$4,200	
2028	$4,300	
2029	$4,400	
TOTAL (2025-2029)	$21,000	

The above fee is based on the assumption that the District maintains its current level of operations. Should conditions change or Bonds are issued the fee would be adjusted accordingly upon approval from all parties concerned.

Supplemental Information

 	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Farms Water Control District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Asbury Municipal Service Benefit District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Water Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Port of The Islands Community Improvement District					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunrise Lakes Phase IV Recreation District					9/30	
Sunshine Water Control District					9/30	
Sunny Hills Units 12-15 Dependent District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (452)					9/30	
TOTAL	491	5	4	484		

CONSULTING / MANAGEMENT ADVISORY SERVICES
Grau & Associates also provide a broad range of other management consulting services. Our expertise has been consistently utilized by Governmental and Non-Profit entities throughout Florida. Examples of engagements performed are as follows:

Accounting systems
Development of budgets
Organizational structures
Financing alternatives
IT Auditing
Fixed asset records
Cost reimbursement
Indirect cost allocation
Grant administration and compliance

ARBITRAGE

The federal government has imposed complex rules to restrict the use of tax-exempt financing. Their principal purpose is to eliminate any significant arbitrage incentives in a tax-exempt issue. We have determined the applicability of these requirements and performed the rebate calculations for more than 150 bond issues, including both fixed and variable rate bonds.

Current Arbitrage Calculations

We look forward to providing Holly Hill Road East Community Development District with our resources and experience to accomplish not only those minimum requirements set forth in your Request for Proposal, but to exceed those expectations!

For even more information on Grau & Associates please visit us on www.graucpa.com.

Section C
Proposal to Provide Auditing Services
Holly Hill Road East Community Development District
For the Fiscal Year Ending September 30, 2025
With an Option for Four Additional Annual Renewals

Submitted by:

1800 Pembrook Drive
Suite 170
Orlando, Florida 32810
(407) 843-5406

CONTACT: Tamara Campbell, C.P.A.
tcampbell@mcdirmitdavis.com
www.mcdirmitdavis.com
Proposal for Audit Services to
Holly Hill Road East Community Development District
Table of Contents

		Page	
Letter of Interest	1	
Company Background	3	
Peer Review Letter	7	
Audit Personnel Experience	9	
References	12	
Service Approach	14	
Cost Proposal	16	

Letter of Interest

June 2, 2025

Tricia Adams, District Manager
Holly Hill Road East Community Development District
1800 Pembrook Drive, Suite 170
Orlando, Florida 32810
407‐843‐5406
www.mcdirmitdavis.com

Thank you for the opportunity to submit our qualifications and experience to serve as independent auditors of Holly Hill Road East Community Development District. The accompanying proposal will provide you detailed information regarding the scope of services to be provided, as well as a profile of the Firm, the individuals who will serve you, our qualifications and experience, and representative clients, including specific references.

It is our understanding that we will provide the following services:

Financial audit of the basic financial statements of Holly Hill Road East Community Development District for the fiscal year ending September 30, 2025, with an option for four additional annual renewals.
We will commit to maintain staff required to conclude the audits within the time constraints indicated in the RFP.
The audit will be performed in accordance with generally accepted auditing standards, Governmental Auditing Standards and the Rules of the Auditor General of the State of Florida.
We believe we are the best-qualified firm to perform the engagement for the following reasons:

We presently audit over forty Community Development Districts, fourteen municipalities and one special water district and have an excellent working knowledge of generally accepted accounting principles related to governmental entities.
We assist in the preparation of the financial statements for most of these governmental entities.
We have assisted nine municipalities in receiving the GFOA "Certificate of Achievement for Excellence in Financial Reporting". Most of these municipalities have been receiving the “Certificate of Achievement” for ten to twenty years. Tamara Campbell is active as a national review team member of the GFOA's "Certificate of Achievement for Excellence in Financial Reporting" program. As a review team member, Ms. Campbell reviews and evaluates financial reports submitted by cities and counties to determine whether the financial reports meet the stringent requirements to receive the GFOA's prestigious award. Participating as a review team member, Ms. Campbell has demonstrated her expertise in governmental accounting and auditing.
We have strong information technology ability and will input the District’s general ledger balances into our ProSystem fx Engagement software and perform a virtually “paperless” audit. The District’s Financial Statements are linked to the general ledger; therefore, the likelihood of errors on the financial statements is reduced.
We have recent and continuous experience and have devoted a great deal of our continuing education to the governmental auditing and accounting field. Our Firm meets the independence and education requirements of the Government Auditing Standards issued by the Comptroller General of the United States. Our Firm is independent of Holly Hill Road East Community Development District as defined by Government Auditing Standards.

the trusted partner
We are members of the American and Florida Institutes of Certified Public Accountants and an Associate member of the Governmental Finance Officers Association. Our Firm is active in governmental organizations throughout Central Florida and has served on governmental committees of the Florida Institute of CPAs.
We are a local firm with personnel committed to quality and professional performance, accustomed to providing a high level of client satisfaction. We believe that our Firm is part of a team effort to assist the District in developing the best financial reporting possible.
We have a history of continuity of personnel assigned to the engagement. Our single office firm and low personnel turnover assures uninterrupted services from our partners and staff. We have a staff of 28 people and 8 of those are governmental audit staff.
McDirmit Davis, LLC has not colluded with any of the proposers, and we have not defaulted on any previous contract, and are not in arrears on any previous or existing contract and are properly licensed.

Because of our unique qualifications and a philosophy based on complete dedication to client service, we feel confident that we can provide you with responsiveness and a range of experience that will best serve your needs.

Ms. Tamara Campbell, partner, is authorized to represent the Firm and may be contacted at 1800 Pembrook Drive, Suite 170, Orlando, Florida 32810, or phone (407) 843-5406.

We would consider it a privilege to continue to serve as independent auditors for Holly Hill Road East Community Development District.

Sincerely,

McDirmit Davis, LLC

Tamara Campbell, CPA

Company Background
About Us:
McDirmit Davis, LLC was incorporated in the State of Florida in August 1984 and serves Central Florida from its centrally located office in Orlando, Florida. The partners and managers have over 100 years of combined experience in public accounting, and our Firm has grown to be ranked as one of the top 10 accounting firms in Central Florida by the Orlando Business Journal.

When considering whether to hire our Firm, you will find that
McDirmit Davis can be differentiated from our competitors in several areas, such as:

Local, Experienced and Involved Partners: Our partners and managers have over 100 years of combined experience in public accounting. Tammy has over twenty years of governmental accounting and auditing experience, including municipalities, airport authorities and over 40 community development districts.

Commitment to Quality: McDirmit Davis has received a “pass” audit opinion by our peer reviewers regarding our Firm’s Quality Control Standards.

Timely Audits: Our commitment is to meet all audit deadlines; all of our audits have been performed according to agreed audit schedules.

Our Firm has a wide range of clients providing both goods and services in the Central Florida area. Our practice encompasses auditing, accounting, management advisory and tax services. A list of all governmental clients audited by us for the fiscal years 2018-2023 is as follows:

Over Forty Community Development Districts
City of Belle Isle, Florida^*	•	City of Orange City, Florida^*
City of Clermont, Florida *	•	City of Tavares, Florida^*
City of Fruitland Park, Florida	•	City of Umatilla, Florida^*
City of Inverness, Florida	•	Homosassa Special Water District^
City of Lake Helen, Florida^	•	Sun ’n Lake of Sebring Improvement District^
City of Lake Mary, Florida^*	•	Town of Montverde, Florida^
City of Longwood, Florida^*	•	Town of Palm Shores, Florida^
City of Mascotte, Florida^	•	Town of Windermere, Florida^
City of Minneola, Florida^

^These entities are presently clients of McDirmit Davis, LLC.
*These entities participate in the Certificate of Achievement for Excellence in Financial Reporting program.

General Information about McDirmit Davis
License to Practice in Florida
Our Firm and all key professional staff are properly licensed to practice in the State of Florida. In addition, our Firm and all assigned key personnel are in good standing with the Florida Board of Accountancy. We can provide a copy of actual license, if requested.
Independence
McDirmit Davis, LLC is independent of the District as defined by auditing standards contained in Government Auditing Standards.

Governmental Audit Quality Center
McDirmit Davis, LLC is a member of the AICPA’s Governmental Audit Quality Center which is dedicated to establishing the highest standards of audit quality in the governmental accounting and audit sector.

External Quality Control Review
Our Firm understands the importance of developing a formal quality control program, and therefore have been a member of the Private Companies Practice Section of the American Institute of Certified Public Accountants since 1985. Member firms are required to adhere to quality control standards established by the AICPA Quality Control Standards Committee and to submit to peer reviews of the firm's accounting and audit practice. Peer reviews are intensive reviews of a firm's quality control system by an independent CPA firm. Our Firm has had seven peer reviews performed by the American Institute of Certified Public Accountants. Each peer review has included a review of a local governmental entity.
On our most recent peer review performed in 2023, we received a peer review rating of “pass”, which is the highest rating that a firm can receive under the revised peer review standards. We have never been subject to any litigation or disciplinary actions by a client, the State or any professional organization for substandard field work. A copy of our Firm’s most recent peer review report follows this section. These peer reviews included a review of at least two governmental engagements, and it should be noted that there were no findings as a result of this review. We have never withdrawn from an engagement prior to the agreed expiration date.

Size and Organization
McDirmit Davis LLC has 28 employees, the total number of governmental audit staff is 8; the professional staff of our Firm has been conducting governmental audits in the Central Florida area for the past thirty years. We are experienced auditors in a variety of industries and offer experience in auditing federal grants under the Single Audit Act and performing compliance audits of state grants.

Our experience in governmental auditing has led to the development of efficient procedures that provide various client benefits. Our services provide our clients with a wide range of knowledge, confidence, and helpful management advice.

Memberships

American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants

Florida Government Finance Officers Association
Government Audit Quality Center
Below is a listing of the type of other services that we have provided to governmental clients:
Assistance in preparation of Comprehensive Annual Financial Reports for recognition by the Government Finance Officers Certificate of Achievement Program.
Issuance of Comfort Letters and Consent Letters in conjunction with the issuance of tax-exempt bonds.
Assistance on early implementation of new GASB Statements.
Assistance in compiling historical financial data for first-time submissions for GFOA Certificate of Achievement for Excellence in Financial Reporting.
Detailed internal control studies and evaluations of accounting systems.
Engagement Team
The following table lists the names of Firm accounting personnel assigned to the audit:
Name	Audit Role

Tamara Campbell, CPA	Engagement Partner

Carlos Vidal, CPA	Engagement Manager

Anthony Zelaya	Engagement Senior

All of the above people have considerable experience on governmental audit engagements. All supervisory personnel assigned to the audit, are Certified Public Accountants. The engagement partner and audit senior will be assigned to audit on a full-time basis. In addition to the partner and managers, McDirmit Davis will utilize various audit senior and staff members for audit fieldwork.

Continuing Education
McDirmit Davis, LLC is committed to the personal and professional growth of its staff. Our Firm requires an annual minimum of 40 hours of continuing professional education for each staff member.

Our governmental audit staff complies with the continuing education requirements of the State of Florida, the Governmental Accountability Office (GAO), and Governmental Auditing Standards (Yellow Book). Therefore at least 24 hours during a 2- year period must be in subjects directly related to the government environment and to governmental auditing. Our governmental audit staff always exceed this requirement since they attend each year the Florida Governmental Financial Officer’s Association Annual Conference which provides 22 hours of training in governmental accounting and auditing.

As a result of our governmental experience, our staff has taught classes or lectured on various topics. We offer "in-house" education courses for our staff, which at times, our clients have attended. In addition, we are available to teach seminars for the benefit of the District's accounting staff.
Information Technology
Our Firm has one dedicated Information Technology specialist who has several years’ experience in setting up and administering computer systems and networks of all sizes. In addition, all governmental audit personnel are experienced with various governmental software programs. We utilize automated, paperless auditing software which stores all trial balances and audit workpapers electronically. We also use Data Analysis Software, which enables us to make random, and targeted sample selections.
We also have several methods for the District to transmit audit information securely. A client portal option, a secure email upload system, and a tailored engagement organizer system.
Records Retention
Our Firm maintains records in accordance with local, state, and Federal Public Records Retention Requirements.
Federal or State Reviews
Any Federal or State desk review has resulted in no findings, and we have never undergone a Federal or State field audit.

Peer Review Letter

Audit Personnel Experience
Tammy Campbell, CPA
Partner
Education, Certifications, and Licenses
B.S. Degree in Accounting, University of Central Florida
Masters in Taxation, University of Central Florida
CPA, Certified Public Accountant - Florida
Affiliations and Community Involvement
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Florida Government Finance Officers Association (FGFOA)
Reviewer for GFOA’s “Certificate of Achievement for Excellence in Financial Reporting” program
Chair of the Orange County School Board Audit Advisory Committee
Continuing Professional Education
Tammy has completed over 120 hours of Continuing Professional Education (CPE) in the area of governmental accounting and auditing within the past three years and meets the requirements of Governmental Auditing Standards (the “Yellow Book”). CPE included classes on Single Audits, the Yellow Book, and changes in governmental accounting principles, such as GASBS 87 on leases.

Experience
Tammy has 20 years of governmental accounting and auditing experience, including municipalities and special districts.
Her experience has included planning, fieldwork, and preparation of comprehensive annual financial reports for several governmental audit engagements.
Tammy has worked with all municipalities in the ACFR preparation process, including assisting most cities with obtaining the GFOA Certificate of Achievement.

Governmental Audit Experience (Past 5 years)
Over 50 Community Development Districts	•	City of Minneola
City of Belle Isle	•	City of Orange City
City of Clermont	•	City of Tavares
City of Fruitland Park	•	City of Umatilla
City of Inverness	•	Town of Montverde
City of Lake Helen	•	Town of Palm Shores
City of Lake Mary	•	Town of Windermere
City of Longwood	•	Homosassa Special Water District
City of Mascotte	•	Sun ‘n Lake Improvement District
Carlos Vidal, CPA
Audit Manager

Education, Certifications, and Licenses
Bachelor of Science in Accounting, University of Central Florida
Bachelor of Science in Finance, University of Central Florida
Master of Science in Accounting, University of Central Florida
CPA, Certified Public Accountant - Florida
Affiliations and Community Involvement
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Florida Government Finance Officers Association (FGFOA)
Affordable Housing Association of Certified Public Accountants (AHACPA)
Continuing Professional Education
Carlos has completed over 120 hours of Continuing Professional Education (CPE) in the area of governmental accounting and auditing within the past three years and meets the requirements of Governmental Auditing Standards.

Experience
Carlos has 8 years of governmental accounting and auditing experience.
He has significant experience in the audits of governmental and not-for-profit entities, and HUD property entities.

Governmental Audit Experience (Past 5 years)
Various Community Development Districts
City of Belle Isle	•	City of Orange City
City of Inverness	•	City of Tavares
City of Lake Helen	•	City of Umatilla
City of Longwood	•	Town of Windermere
City of Minneola
Anthony Zelaya
Audit Senior
Education, Certifications, and Licenses
Bachelor of Science in Accounting, University of Central Florida
Associate of Arts in General Studies, Valencia College
Associate of Science in Restaurant Management, Valencia College
Affiliations and Community Involvement
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Florida Government Finance Officers Association (FGFOA)
Continuing Professional Education
Anthony has completed over 40 hours of Continuing Professional Education (CPE) in the area of governmental accounting and auditing within the past two years and meets the requirements of Governmental Auditing Standards.
Experience
Anthony has 4 years of governmental accounting and auditing experience.
He has significant experience in the audits of governmental and not-for-profit entities.
Anthony is one of the Firm’s single audit specialists and is knowledgeable on various compliance requirements.
Anthony has worked with all municipalities in the ACFR preparation process, including assisting most cities with obtaining the GFOA Certificate of Achievement.

Governmental Audit Experience (Past 5 years)
Various Community Development Districts
City of Belle Isle	•	City of Mascotte
City of Clermont	•	City of Minneola
City of Fruitland Park	•	City of Orange City
City of Inverness	•	City of Tavares
City of Lake Helen	•	City of Umatilla
City of Lake Mary	•	Town of Montverde
City of Longwood	•	Town of Palm Shores
Homosassa Special Water District
References of Governmental Accounting Experience

Principal Client Contact	Scope of Work	Years	
			
Sun ’n Lake of Sebring Improvement District			
Ms. Coral Benka, Finance Director

5306 Sun’n Lake Blvd. Sebring, FL 33872 cbenka@snldistrict.org	Annual Financial & Compliance Audit and preparation of Financials	2011 to Present	
Trevesta Community Development District			
Ms. Venessa Smith Rizzetta and Company Senior Accountant

3434 Colwell Ave.
Suite 200
Tampa, Florida 33614 vsmith@rizzetta.com	Annual Financial & Compliance Audit and preparation of Financials	2021 to Present	
Meadow Pointe II Community Development District			
Ms. Helena Schneider Inframark
Accounting Supervisor
2005 Pan Am Circle Suite 300
Tampa, Florida 33607 helena.schneider@inframark.com	Annual Financial & Compliance Audit and preparation of Financials	2012 to Present	
Toscana Isles Community Development District			
Mr. Jeffrey Pinder
Wrathell Hunt and Associates Controller

2300 Glades Road Suite 410W
Boca Raton, Florida 33431 pinderj@whhassociates.com	Annual Financial & Compliance Audit and preparation of Financials	2015 to Present	
Homosassa Special Water District			
Ms. Jenn Roberts, Manager
7922 W. Grover Cleveland Blvd. Homosassa, FL 34448 jroberts@homosassawater.com	Annual Financial & Compliance Audit and preparation of Financials	2007 to Present	
List of 2021-2023 Community Development District Audits:
Community Development District	County
Beach Road Golf Estates Community Development District	Lee
Beacon Lakes Community Development District	Miami-Dade
Belmont Community Development District	Hillsborough
Bexley Community Development District	Pasco
Celebration Community Development District	Osceola
Chapel Crossings Community Development District	Pasco
Concorde Station Community Development District	Pasco
Concorde Estates Community Development District	Osceola
Dovera Community Development District	Seminole
Enterprise Community Development District	Osceola
Fiddler’s Creek Community Development District #1	Collier
Heritage Isle at Viera Community Development District	Brevard
Hidden Creek North Community Development District	Hillsborough
Hills of Minneola Community Development District	Lake
Holly Hill Road East Community Development District	Polk
Long Lake Reserve Community Development District	Pasco
Meadow Pointe II Community Development District	Pasco
Mediterra Community Development District	Collier
Mirabella Community Development District	Hillsborough
Osceola Village Center Community Development District	Osceola
Panther Trails Community Development District	Hillsborough
Scenic Highway Community Development District	Polk
Southaven Community Development District	St. Johns
Southern Hills Plantation II Community Development District	Hernando
Spring Ridge Community Development District	Hernando
Summer Woods Community Development District	Manatee
Summerstone Community Development District	Pasco
Suncoast Community Development District	Pasco
Sweetwater Creek Community Development District	St. Johns The Crossings at Fleming Island Community Development District	Clay
The Woodlands Community Development District	North Port
Toscana Isles Community Development District	Sarasota
Town of Kindred Community Development District	Osceola
Towne Park Community Development District	Polk
Trevesta Community Development District	Manatee
Trout Creek Community Development District	St. Johns
University Square Community Development District	Lee
University Village Community Development District	Lee
Valencia Water Control District	Orange
Watergrass II Community Development District	Pasco
Westridge Community Development District	Polk
Westside Haines City Community Development District	Polk
Willow Walk Community Development District	Manatee

Service Approach
Service Approach
Our audit will be segmented as follows:
Phase 1: Audit Planning
Phase 2: Evaluation and Testing of Internal Controls Phase 3: Substantive Testing
Phase 4: Reporting

Phase 1: Audit Planning
Preliminary planning includes deciding on an overall strategy for the audit, obtaining an understanding of the entity and its environment, including its internal control, making an initial assessment of audit risk and materiality, and deciding on the overall timing of the engagement. We will also begin to assemble our “permanent file,” which consists of copies of organizational charts, District manuals, documents, and financial and other management systems.

We will meet with staff of the District to obtain an understanding of the
flow of transactions through your accounting system. This includes understanding your computer environment in order to comply with the requirements of AU-C 300, Planning an Audit. We will also gather information to identify fraud risks as required by AU-C 240 Consideration of Fraud in a Financial Statement Audit.
We will also perform preliminary analytical procedures and compare trends for the current and at least the two previous years for unusual fluctuations. This will include review of both budget and actual amounts.

During this planning phase, we will ask management and staff at the District to identify areas of higher risk as well as other areas that they want us to focus on during our audit. We will also provide the District with a list of all schedules to be prepared by the District.

Phase 2: Evaluation and Testing of Internal Controls and Compliance
During Phase 2, we will evaluate your control policies and procedures to determine if they are functioning properly in significant transaction classes. To gain an understanding of the procedures in place, and current internal control structure, we typically conduct interviews with staff and management involved in the specific transaction class to be tested. We then perform tests of these controls to determine with reasonable assurance that control procedures are functioning as planned and whether further testing will be needed.

As part of our tests of controls, we will include tests of compliance with applicable ordinances, and state and federal laws and regulations. In order to determine which ordinances, laws and regulations to test for compliance, we start by reviewing the FICPA Practice Aid Compliance Auditing in Florida. We then evaluate which ordinances, laws and regulations have a direct and material effect on the determination of financial statement amounts. Sample sizes are determined based upon our assessment of control risk and may be judgmental, random, or stratified, depending on the attributes of the population being tested. We will select samples from the significant transaction classes and trace from original documents through the computer system to the general ledger through the use of Data Analysis Software.
Service Approach - Continued
Phase 2: Evaluation and Testing of Internal Controls and Compliance - Continued
Our control testing includes obtaining an understanding of the computer software used by the District, and tracing sample selections through the system to determine the desired outcomes are being achieved. Our testing of Information Technology includes inquiries of appropriate personnel regarding data backups and access to District files.
After controls have been documented, evaluated and tested, we will finalize the District’s audit plan. Audit programs will be tailored to fit the specifics of the District’s accounting systems.

Phase 3: Substantive Testing
Our year-end fieldwork will focus on verifying balances in accounts. For example, we will confirm cash balances, as well as debt balances with financial institutions. In addition to obtaining audit confirmations, representation letters and attorney letters, we will perform tests on account balances using analytical procedures, recalculation and verification.
Our Firm uses ProSystem fx Engagement electronic audit software which may allow us to interface with your accounting system and reduce the time required to transfer your accounting data to a separate software package. We believe it is important to use analytical review procedures in this substantive phase of the audit. We compare analytical results to our expectation of what the results should be in order to determine if additional audit procedures are required. Typical analytical procedures include expense variances with previous years and budget amounts, revenue variances with previous years and budgeted amounts.

We will keep the District’s management up to date on the progress of the audit and will discuss preliminary findings and potential problems or opportunities as we encounter them. Our approach to resolving problems encountered is to discuss with the District Manager to make sure our understanding is correct. Our process to produce a meaningful “management letter” is to review results of testing of internal controls, as well as year-end field work and draft recommendations for improvements to be discussed with management.
Phase 4: Reporting
The audit work is reviewed by the engagement partner throughout the engagement. Once the engagement partner review is complete, a second review of the financial statements is performed by the independent reviewer. This second review is required as part of McDirmit Davis’s internal system of quality control and ensures the District receives the best service possible.
We will prepare a draft of the financial statements and then issue the following:
Auditor’s report on financial statements
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.
Management Letter
We will provide technical assistance to the District to meet changes in required disclosures. Once reports have been reviewed by management and approved in final form, we will issue final reports and supply in electronic format.

Cost Proposal
Cost Proposal
We understand the requested services include audits of the District’s financial statements for the year ended September 30, 2025, with the option of four additional annual renewals. The audit will be made in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.

McDirmit Davis, LLC is duly licensed under Chapter 473, Florida Statutes and is qualified to conduct audits in the State of Florida and audits in accordance with Government Auditing Standards.

We believe in continuing client contact throughout the year, not just during the audit. We encourage on-going client contact by not charging any fee for phone calls.

Fees include all services, including but not limited to, meals and lodging, transportation, printing and binding, telephone, fax and copies. Out of pocket expense (if any) related to charges for confirmations will be in addition to the audit fee. Invoices will be submitted as work progresses on each phase of the audit.

 Year Ended			Audit Fee		
September 30, 2025	$4,300	
September 30, 2026	$4,300	
September 30, 2027	$4,500	
September 30, 2028	$4,500	
September 30, 2029	$4,600	

Board of Supervisors Meeting

Minutes
MINUTES OF MEETING HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Holly Hill Road East Community Development District was held on Tuesday, April 8, 2025 at 11:00 a.m. at the Lake Alfred Public Library, 245 N. Seminole Ave, Lake Alfred, Florida and via Zoom.

Present and constituting a quorum were:
Adam Morgan	Chairman
Rob Bonin	Vice Chairman
Courtney Taylor	Assistant Secretary
Hansen Wong	Assistant Secretary
Nancy Henneberger	Assistant Secretary Also, present were:
Tricia Adams	District Manager, GMS
Grace Rinaldi	District Counsel, Kilinski Van Wyk
Chace Arrington by Zoom	District Engineer
Marshall Tindall	Field Services Manager, GMS

The following is a summary of the discussions and actions taken at the April 8, 2025 Holly
Hill Road East Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 11:00 a.m. Five Board members were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams noted no members of the public were present. All of the attendees on Zoom are staff members.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the March 11,
2025 Board of Supervisors Meeting
Ms. Adams presented the minutes of the March 11, 2025 Board of Supervisors meeting. The minutes have been reviewed by District Counsel and the District Manager. She asked for any comments, corrections, or changes to the minutes. The Board had no changes.

FOURTH ORDER OF BUSINESS	Ratification of License Agreement with
Pool Skool, Inc., for Fiscal Years 2025 & 2026
Ms. Adams noted last month a license agreement renewal was approved with Pool Skool with the schedule for summer of 2026. This was a 2-year agreement. There was discussion about setting this as a flat fee so that agreement was set up in accordance with those terms and presented to the Chairman for signature. She asked for a motion to ratify the license agreement.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-08
Authorizing Investment of Surplus Funds
Ms. Adams stated approval of this resolution allows for the District to invest surplus funds in accordance with Florida Statutes. She reviewed the four different options. Mr. Morgan suggested leaving the decision to staff. Ms. Adams noted they are probably looking at the money market option because the interest rate is on par with what the SBA is earning without any market volatility issues.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-09
Redesignating Location of Local District Records Office
Ms. Adams stated this redesignates the records repository for Holly Hill Road East. It had previously been at an office location in Winter Haven. The address location is now the amenity center at Holly Hill Road East.

SEVENTH ORDER OF BUSINESS	Appointment of Audit Committee and
Chairman
Ms. Adams stated Florida CDDs are required to undergo an annual independent audit of all of the District’s financial records. She recommended the Board appoint the Board of Supervisors as the audit committee.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Rinaldi noted the Florida legislative session commenced last month and runs through the beginning of May. There is a bill that seeks to repeal the goals & objectives and a bill looking to increase the limits on sovereign immunity. She will keep the Board updated.

Engineer
Mr. Arrington had nothing to report but offered to take any questions.

Field Manager’s Report
Mr. Tindall reviewed the Field Managers Report on page 23 of the agenda package. He presented a quote from Prince for $950 for seed and hay to stake off an area that is flat and tends to wash into the dry pond along the playground. It is a high traffic area and stable but getting really thin.

Mr. Tindall reviewed a quote from Prince to extend the sod to adjust the grade at Citrus Reserve entrance for $640.

District Manager’s Report
Approval of Check Register
Ms. Adams presented the check register from March 1st through March 31st totaling
$37,985.58. Immediately following is a detailed run summary.

Balance Sheet & Income Statement
Ms. Adams stated the unaudited financials start on page 35 of the agenda package. These are provided for informational purposes only.

Review of Towing Enforcement Report
Ms. Adams noted when they amended and restated the parking rules, it required they amend and restate the Towing Service Agreement with S&S. There was discussion about the effectiveness of S&S Towing. S&S Towing provided a detailed list of enforcement activities at Holly Hill Road East for this calendar year on page 52 of the agenda package.
Ms. Adams spoke about information received regarding traffic enforcement services and reached out to the police chief in order to ensure all of the District’s signage is in compliance with what the local police department needs in order to enforce traffic laws.

NINTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Mr. Wong spoke about emails received from a Swim Kids individual wanting more information. Ms. Adams noted Swim Kids have made extensive public records requests over the past several weeks. District Counsel is assisting and reviewing all of the communication that goes back and forth.

ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Section A
RESOLUTION 2025-10
THE ANNUAL APPROPRIATION RESOLUTION OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2025, submitted to the Board of Supervisors (“Board”) of the Holly Hill Road East Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2026”), 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 governing authorities 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 thereon 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 at
least two days before the public hearing; 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; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BUDGET
The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
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 Holly Hill Road East Community Development District for the Fiscal Year Ending September 30, 2026.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, 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 Fiscal Year 2026, the sum of $	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 in the following fashion:

TOTAL GENERAL FUND	$		
DEBT SERVICE FUND – SERIES 2017	$		
DEBT SERVICE FUND – SERIES 2018	$		
DEBT SERVICE FUND – SERIES 2020 A3	$		
DEBT SERVICE FUND – SERIES 2020 A4	$		
CAPITAL PROJECTS FUND	$		
TOTAL ALL FUNDS
SECTION 3. BUDGET AMENDMENTS	$		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2026 or within sixty (60) days following the end of the Fiscal Year 2026 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 paragraph c. above are posted on the District’s website within five (5) days after adoption 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 10th DAY OF JUNE 2025.

ATTEST:	HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2026

Holly Hill Road East
Community Development District

Proposed Budget
FY2026

Table of Contents

1-2		General Fund	

3-7	
	General Fund Narrative	

8	
	Series 2017 Debt Service Fund	

9	
	Series 2017 Amortization	

10	
	Series 2018 Debt Service Fund	

11	
	Series 2018 Amortization	

12	
	Series 2020 A3 Debt Service Fund	

13	
	Series 2020 A3 Amortization	

14	
	Series 2020 A4 Debt Service Fund	

15	
	Series 2020 A4 Amortization	

16	
	Capital Reserve Fund	

	Adopted Budget FY 2025		Actual Thru 4/30/25		Projected Next
7 Months		Total Projected 9/30/25		Proposed Budget FY 2026		

Revenues											
Assessments - Tax Roll	$	565,628	$	562,427	$	3,201	$	565,628	$	565,628	
Inter-Governmental Revenue	$	92,509	$	-	$	92,509	$	92,509	$	78,374	
Other Income	$	-	$	150	$	-	$	150	$	-	
Carry Forward Surplus	$	74,943	$	257,349	$	-	$	257,349	$	65,145	
Total Revenues	$	733,080	$	819,926	$	95,710	$	915,636	$	709,148	

Expenditures											
Administrative:
Supervisor Fees	
$	
12,000	
$	
4,800	
$	
5,000	
$	
9,800	
$	
12,000	
FICA Expenses	$	-	$	275	$	383	$	658	$	-	
Engineering Fees	$	10,000	$	1,360	$	4,167	$	5,527	$	10,000	
Legal Services	$	25,000	$	22,226	$	25,000	$	47,226	$	25,000	
Arbitrage	$	1,800	$	900	$	900	$	1,800	$	1,800	
Dissemination	$	7,200	$	4,200	$	3,000	$	7,200	$	7,416	
Assessment Administration	$	5,565	$	5,565	$	-	$	5,565	$	5,732	
Annual Audit	$	4,100	$	-	$	4,100	$	4,100	$	4,100	
Trustee Fees	$	15,839	$	14,829	$	-	$	14,829	$	15,839	
Management Fees	$	45,000	$	26,250	$	18,750	$	45,000	$	46,350	
Information Technology	$	1,890	$	1,103	$	788	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	735	$	525	$	1,260	$	1,298	
Telephone	$	100	$	-	$	42	$	42	$	100	
Postage & Delivery	$	750	$	594	$	313	$	906	$	850	
Copies	$	1,000	$	83	$	100	$	183	$	1,000	
Office Supplies	$	200	$	2	$	83	$	85	$	200	
Insurance	$	7,127	$	6,631	$	-	$	6,631	$	8,196	
Legal Advertising	$	2,500	$	1,542	$	1,042	$	2,584	$	2,500	
Contingency	$	1,200	$	758	$	500	$	1,258	$	1,300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	142,706	$	92,028	$	64,691	$	156,719	$	145,803	

Operations & Maintenance											
Field Expenditures
Field Management	
$	
20,000	
$	
11,667	
$	
8,333	
$	
20,000	
$	
20,600	
Electric	$	10,000	$	4,873	$	3,900	$	8,773	$	10,000	
Streetlighting	$	46,200	$	22,451	$	19,250	$	41,701	$	49,248	
Property Insurance	$	9,327	$	5,773	$	-	$	5,773	$	10,726	
Landscape Maintenance	$	142,593	$	77,579	$	55,415	$	132,994	$	166,871	
Landscape Contingency	$	22,000	$	14,790	$	9,167	$	23,957	$	6,000	
Irrigation Repairs	$	7,500	$	1,958	$	1,500	$	3,458	$	7,500	
Sidewalk Repairs & Maintenance	$	5,000	$	-	$	2,083	$	2,083	$	5,000	
General Repairs & Maintenance	$	17,500	$	49,686	$	7,292	$	56,978	$	17,500	
Contingency	$	10,000	$	3,599	$	4,167	$	7,765	$	10,000	
Subtotal Field Expenditures	$	290,120	$	192,375	$	111,107	$	303,482	$	303,445	

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2025	4/30/25	7 Months	9/30/25	FY 2026	

Amenity Expenditures						
Property Insurance	$	17,864	$	14,134	$	-	$	14,134	$	20,543	
Amenity Landscaping	$	18,588	$	10,843	$	7,745	$	18,588	$	24,096	
Amenity Landscape Contingency	$	13,000	$	-	$	5,417	$	5,417	$	8,000	
Electric	$	23,760	$	11,278	$	9,900	$	21,178	$	23,760	
Water	$	680	$	369	$	283	$	652	$	748	
Internet	$	2,376	$	1,260	$	990	$	2,250	$	2,376	
Janitorial Services	$	16,900	$	8,907	$	7,042	$	15,948	$	17,085	
Pest Control	$	840	$	503	$	350	$	853	$	1,020	
Amenity Access Management	$	6,300	$	3,675	$	2,625	$	6,300	$	7,000	
Security Services	$	33,886	$	12,830	$	14,119	$	26,949	$	34,903	
Amenity Repairs & Maintenance	$	19,800	$	2,525	$	17,275	$	19,800	$	19,800	
Pool Maintenance	$	23,700	$	14,275	$	9,875	$	24,150	$	24,408	
Pool Furniture Repair & Maintenance	$	-	$	-	$	-	$	-	$	5,000	
Playground Lease	$	52,129	$	9,635	$	6,880	$	16,515	$	4,131	
Contingency	$	12,031	$	11,841	$	6,000	$	17,841	$	12,031	
Subtotal Amenity Expenditures	$	241,854	$	102,074	$	88,501	$	190,574	$	204,901	
						
Total Operations & Maintenance	$	531,974	$	294,449	$	199,608	$	494,056	$	508,346	

Other Expenditures						
Transfer Out - Capital Reserve	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
Total Other Expenditures	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
						
Total Expenditures	$	733,080	$	386,477	$	322,698	$	709,175	$	709,148	
						
Excess Revenues/(Expenditures)	$	-	$	433,449	$	(226,989)	$	206,461	$	-	

Product Type	ERU/Unit	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	1.00	204	$183,739.16	$900.68	$	968	
Phase 2	1.00	100	$90,068.21	$900.68	$	968	
Phase 3	1.00	182	$163,924.15	$900.68	$	968	
Phase 4	1.00	142	$127,896.87	$900.68	$	968	
		628	$565,628.39			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Inter-Governmental Revenue

The District has entered into an Interlocal Agreement with North Boulevard CDD for the use of its amenities. North Boulevard CDD funds a portion of the District's amenity expenses are part of the agreement set in place.

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.

Engineering

The District's engineer, Dewberry Engineers, Inc., 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.

Legal Services

The District's legal counsel, Kilinski | Van Wyk, PLLC, 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.

Arbitrage

The District is contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2017, Series 2018, Series 2020A3 and Series 2020A4 bonds.

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. This cost is based upon the Series 2017, Series 2018, Series 2020A3 and Series 2020A4 bonds. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with McDirmit Davis for these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

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, arranges annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs 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. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board materials, overnight deliveries, correspondence, etc.

Copies

Printing materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

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.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenditures

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Streetlighting

Represents the cost to maintain street lights currently in place within the District Boundaries.

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District. Services include mowing, edging, trimming, pruning, weeding, irrigation inspections, fertilization and pest control applications. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Contingency

Represents the estimated cost of replacing landscaping within the common areas of the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Sidewalk Repairs & Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting and other assets.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. This cost pertains to coverage for the amenity facility.

Amenity Landscaping

Represents landscape maintenance services at the District's amenity facility. Services include mowing, edging, trimming, pruning, weeding, irrigation inspections, fertilization and pest control applications. The District has contracted with Prince & Sons, Inc. to provide these services.

Amenity Landscape Contingency

Represents the estimated cost of replacing landscaping surrounding the amenity facility.

Amenity - Electric

Represents estimated electric charges for the District’s amenity facility.

Amenity – Water

Represents estimated water charges for the District’s amenity facility.

Internet

Represents internet services in place at the amenity facility. This service is provided by Spectrum Business.

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities. These services are provided by Clean Star Services of Central Florida, LLC.

Pest Control

The District is contracted with Orkin for pest control treatments to its amenity facility.

Amenity Access Management

Represents the cost of managing and monitoring access to the District’s amenity facilities. Governmental Management Services – Central Florida, LLC provides these systems.

Security Services

Represents the estimated cost of monthly security services for the District’s amenity facilities as well as maintaining security systems in place. Services are provided by Securitas Security Services.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities and equipment.

Pool Maintenance

Resort Pool Services has been contracted to provide regular cleaning and treatments of the District’s pool.

Pool Furniture Repair & Maintenance

Represents estimated costs for repairs and maintenance of the District’s pool furniture.

Playground Lease

The District has entered into a leasing agreement with Navitas, Inc. for playgrounds installed in the community.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Transfer Out – Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Proposed Budget
Series 2017 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2025	4/30/25	7 Months	9/30/25	FY 2026	

Revenues						
Assessments	$	229,722	$	228,421	$	1,301	$	229,722	$	229,722	
Interest	$	6,501	$	6,799	$	2,833	$	9,632	$	4,816	
Carry Forward Surplus	$	157,351	$	159,651	$	-	$	159,651	$	171,973	
Total Revenues	$	393,574	$	394,871	$	4,134	$	399,005	$	406,511	

Expenditures						
Interest - 11/1	$	76,016	$	76,016	$	-	$	76,016	$	74,479	
Principal - 5/1	$	75,000	$	-	$	75,000	$	75,000	$	80,000	
Interest - 5/1	$	76,016	$	-	$	76,016	$	76,016	$	74,479	
Total Expenditures	$	227,033	$	76,016	$	151,016	$	227,033	$	228,958	
						
Excess Revenues/(Expenditures)	$	166,542	$	318,855	$	(146,882)	$	171,973	$	177,554	

Interest - 11/1/26	$72,839

Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	1.00	204	204	$229,722.46	$1,126.09	$1,210.85	
		204	204	$229,722.46			
Series 2017 Special Assessment Bonds Amortization Schedule

Date		Balance	Principal		Interest	Total		

11/01/25	
$	
3,105,000.00	$	
-	
$	
74,478.75 $		
225,495.00	
05/01/26	$	3,105,000.00 $	80,000.00	$	74,478.75			
11/01/26	$	3,025,000.00	$	-	$	72,838.75 $		227,317.50	
05/01/27	$	3,025,000.00 $	80,000.00	$	72,838.75			
11/01/27	$	2,945,000.00	$	-	$	71,198.75 $		224,037.50	
05/01/28	$	2,945,000.00 $	85,000.00	$	71,198.75			
11/01/28	$	2,860,000.00	$	-	$	69,456.25 $		225,655.00	
05/01/29	$	2,860,000.00 $	90,000.00	$	69,456.25			
11/01/29	$	2,770,000.00	$	-	$	67,375.00 $		226,831.25	
05/01/30	$	2,770,000.00 $	95,000.00	$	67,375.00			
11/01/30	$	2,675,000.00	$	-	$	65,178.13 $		227,553.13	
05/01/31	$	2,675,000.00 $	95,000.00	$	65,178.13			
11/01/31	$	2,580,000.00	$	-	$	62,981.25 $		223,159.38	
05/01/32	$	2,580,000.00 $	100,000.00	$	62,981.25			
11/01/32	$	2,480,000.00	$	-	$	60,668.75 $		223,650.00	
05/01/33	$	2,480,000.00 $	105,000.00	$	60,668.75			
11/01/33	$	2,375,000.00	$	-	$	58,240.63 $		223,909.38	
05/01/34	$	2,375,000.00 $	110,000.00	$	58,240.63			
11/01/34	$	2,265,000.00	$	-	$	55,696.88 $		223,937.50	
05/01/35	$	2,265,000.00 $	115,000.00	$	55,696.88			
11/01/35	$	2,150,000.00	$	-	$	53,037.50 $		223,734.38	
05/01/36	$	2,150,000.00 $	120,000.00	$	53,037.50			
11/01/36	$	2,030,000.00	$	-	$	50,262.50 $		223,300.00	
05/01/37	$	2,030,000.00 $	125,000.00	$	50,262.50			
11/01/37	$	1,905,000.00	$	-	$	47,371.88 $		222,634.38	
05/01/38	$	1,905,000.00 $	135,000.00	$	47,371.88			
11/01/38	$	1,770,000.00	$	-	$	44,250.00 $		226,621.88	
05/01/39	$	1,770,000.00 $	140,000.00	$	44,250.00			
11/01/39	$	1,630,000.00	$	-	$	40,750.00 $		225,000.00	
05/01/40	$	1,630,000.00 $	145,000.00	$	40,750.00			
11/01/40	$	1,485,000.00	$	-	$	37,125.00 $		222,875.00	
05/01/41	$	1,485,000.00 $	155,000.00	$	37,125.00			
11/01/41	$	1,330,000.00	$	-	$	33,250.00 $		225,375.00	
05/01/42	$	1,330,000.00 $	160,000.00	$	33,250.00			
11/01/42	$	1,170,000.00	$	-	$	29,250.00 $		222,500.00	
05/01/43	$	1,170,000.00 $	170,000.00	$	29,250.00			
11/01/43	$	1,000,000.00	$	-	$	25,000.00 $		224,250.00	
05/01/44	$	1,000,000.00 $	180,000.00	$	25,000.00			
11/01/44	$	820,000.00	$	-	$	20,500.00 $		225,500.00	
05/01/45	$	820,000.00 $	190,000.00	$	20,500.00			
11/01/45	$	630,000.00	$	-	$	15,750.00 $		226,250.00	
05/01/46	$	630,000.00 $	200,000.00	$	15,750.00			
11/01/46	$	430,000.00	$	-	$	10,750.00 $		226,500.00	
05/01/47	$	430,000.00 $	210,000.00	$	10,750.00			
11/01/47	$	220,000.00	$	-	$	5,500.00 $		226,250.00	
05/01/48	$	220,000.00 $	220,000.00	$	5,500.00 $		225,500.00	
		$	3,105,000.00	$	2,141,820.00	$	5,397,836.25		
Proposed Budget
Series 2018 Debt Service Fund

	Adopted Budget FY 2025	Actuals Thru 4/30/25	Projected Next
7 Months	Total Projected 9/30/25	Proposed Budget FY 2026	

Revenues						
Assessments	$	123,938	$	123,236	$	702	$	123,938	$	123,938	
Interest	$	3,489	$	3,636	$	1,515	$	5,151	$	1,515	
Carry Forward Surplus	$	84,472	$	85,720	$	-	$	85,720	$	94,371	
Total Revenues	$	211,899	$	212,592	$	2,217	$	214,809	$	219,825	

Expenditures						
Interest - 11/1	$	42,719	$	42,719	$	-	$	42,719	$	41,844	
Principal - 5/1	$	35,000	$	-	$	35,000	$	35,000	$	40,000	
Interest - 5/1	$	42,719	$	-	$	42,719	$	42,719	$	41,844	
Total Expenditures	$	120,438	$	42,719	$	77,719	$	120,438	$	123,688	
						
Excess Revenues/(Expenditures)	$	91,462	$	169,873	$	(75,502)  $	94,371	$	96,137	
			
Interest - 11/1/26	
$40,844		
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit		
Phase 2	1.00	100	100	$123,938.31	$1,239.38	$1,332.67	
	100	100	$123,938.31			
Series 2018 Special Assessment Bonds Amortization Schedule

Date		Balance	Principal		Interest	Total		
11/01/25	$	1,620,000.00	$	-	$	41,843.75 $		119,562.50	
05/01/26	$	1,620,000.00 $	40,000.00	$	41,843.75			
11/01/26	$	1,580,000.00	$	-	$	40,843.75 $		122,687.50	
05/01/27	$	1,580,000.00 $	40,000.00	$	40,843.75			
11/01/27	$	1,540,000.00	$	-	$	39,843.75 $		120,687.50	
05/01/28	$	1,540,000.00 $	40,000.00	$	39,843.75			
11/01/28	$	1,500,000.00	$	-	$	38,843.75 $		118,687.50	
05/01/29	$	1,500,000.00 $	45,000.00	$	38,843.75			
11/01/29	$	1,455,000.00	$	-	$	37,718.75 $		121,562.50	
05/01/30	$	1,455,000.00 $	45,000.00	$	37,718.75			
11/01/30	$	1,410,000.00	$	-	$	36,593.75 $		119,312.50	
05/01/31	$	1,410,000.00 $	50,000.00	$	36,593.75			
11/01/31	$	1,360,000.00	$	-	$	35,343.75 $		121,937.50	
05/01/32	$	1,360,000.00 $	50,000.00	$	35,343.75			
11/01/32	$	1,310,000.00	$	-	$	34,093.75 $		119,437.50	
05/01/33	$	1,310,000.00 $	55,000.00	$	34,093.75			
11/01/33	$	1,255,000.00	$	-	$	32,718.75 $		121,812.50	
05/01/34	$	1,255,000.00 $	55,000.00	$	32,718.75			
11/01/34	$	1,200,000.00	$	-	$	31,343.75 $		119,062.50	
05/01/35	$	1,200,000.00 $	60,000.00	$	31,343.75			
11/01/35	$	1,140,000.00	$	-	$	29,843.75 $		121,187.50	
05/01/36	$	1,140,000.00 $	65,000.00	$	29,843.75			
11/01/36	$	1,075,000.00	$	-	$	28,218.75 $		123,062.50	
05/01/37	$	1,075,000.00 $	65,000.00	$	28,218.75			
11/01/37	$	1,010,000.00	$	-	$	26,512.50 $		119,731.25	
05/01/38	$	1,010,000.00 $	70,000.00	$	26,512.50			
11/01/38	$	940,000.00	$	-	$	24,675.00 $		121,187.50	
05/01/39	$	940,000.00 $	75,000.00	$	24,675.00			
11/01/39	$	865,000.00	$	-	$	22,706.25 $		122,381.25	
05/01/40	$	865,000.00 $	80,000.00	$	22,706.25			
11/01/40	$	785,000.00	$	-	$	20,606.25 $		123,312.50	
05/01/41	$	785,000.00 $	80,000.00	$	20,606.25			
11/01/41	$	705,000.00	$	-	$	18,506.25 $		119,112.50	
05/01/42	$	705,000.00 $	85,000.00	$	18,506.25			
11/01/42	$	620,000.00	$	-	$	16,275.00 $		119,781.25	
05/01/43	$	620,000.00 $	90,000.00	$	16,275.00			
11/01/43	$	530,000.00	$	-	$	13,912.50 $		120,187.50	
05/01/44	$	530,000.00 $	95,000.00	$	13,912.50			
11/01/44	$	435,000.00	$	-	$	11,418.75 $		120,331.25	
05/01/45	$	435,000.00 $	100,000.00	$	11,418.75			
11/01/45	$	335,000.00	$	-	$	8,793.75 $		120,212.50	
05/01/46	$	335,000.00 $	105,000.00	$	8,793.75			
11/01/46	$	230,000.00	$	-	$	6,037.50 $		119,831.25	
05/01/47	$	230,000.00 $	110,000.00	$	6,037.50			
11/01/47	$	120,000.00	$	-	$	3,150.00 $		119,187.50	
05/01/48	$	120,000.00 $	120,000.00	$	3,150.00 $		123,150.00	
		$	1,620,000.00	$	1,199,687.50	$	2,897,406.25		
Proposed Budget
Series 2020 A3 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2025	4/30/25	7 Months	9/30/25	FY 2026	

Revenues						
Assessments	$	238,365	$	237,015	$	1,350	$	238,365	$	238,365	
Interest	$	6,166	$	6,439	$	2,683	$	9,122	$	3,801	
Carry Forward Surplus	$	184,378	$	186,653	$	-	$	186,653	$	200,440	
Total Revenues	$	428,910	$	430,107	$	4,033	$	434,140	$	442,606	

Expenditures						
Interest - 11/1	$	85,000	$	85,000	$	-	$	85,000	$	83,700	
Principal - 11/1	$	65,000	$	65,000	$	-	$	65,000	$	70,000	
Interest - 5/1	$	83,700	$	-	$	83,700	$	83,700	$	82,300	
Total Expenditures	$	233,700	$	150,000	$	83,700	$	233,700	$	236,000	
						
Excess Revenues/(Expenditures)	$	195,210	$	280,107	$	(79,667)	$	200,440	$	206,606	

Interest - 11/1/26	
$82,300					
Principal - 11/1/26	$70,000					
Total	$152,300					

Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 3	1.00	182	182	$238,365.47	$1,309.70	$1,408.28	
		182	182	$238,365.47			
Series 2020 Special Assessment Bonds Area 3 Amortization Schedule

Date		Balance	Principal		Interest	Total		
11/01/25	$	3,340,000.00 $	70,000.00	$	83,700.00 $		237,400.00	
05/01/26	$	3,340,000.00	$	-	$	82,300.00			
11/01/26	$	3,340,000.00 $	70,000.00	$	82,300.00 $		234,600.00	
05/01/27	$	3,270,000.00	$	-	$	80,725.00			
11/01/27	$	3,270,000.00 $	75,000.00	$	80,725.00 $		236,450.00	
05/01/28	$	3,195,000.00	$	-	$	79,037.50			
11/01/28	$	3,195,000.00 $	80,000.00	$	79,037.50 $		238,075.00	
05/01/29	$	3,115,000.00	$	-	$	77,237.50			
11/01/29	$	3,115,000.00 $	80,000.00	$	77,237.50 $		234,475.00	
05/01/30	$	3,035,000.00	$	-	$	75,437.50			
11/01/30	$	3,035,000.00 $	85,000.00	$	75,437.50 $		235,875.00	
05/01/31	$	2,950,000.00	$	-	$	73,525.00			
11/01/31	$	2,860,000.00 $	90,000.00	$	71,500.00 $		235,025.00	
05/01/32	$	2,860,000.00	$	-	$	71,500.00			
11/01/32	$	2,860,000.00 $	95,000.00	$	71,500.00 $		238,000.00	
05/01/33	$	2,765,000.00	$	-	$	69,125.00			
11/01/33	$	2,765,000.00 $	100,000.00	$	69,125.00 $		238,250.00	
05/01/34	$	2,665,000.00	$	-	$	66,625.00			
11/01/34	$	2,665,000.00 $	105,000.00	$	66,625.00 $		238,250.00	
05/01/35	$	2,560,000.00	$	-	$	64,000.00			
11/01/35	$	2,560,000.00 $	110,000.00	$	64,000.00 $		238,000.00	
05/01/36	$	2,450,000.00	$	-	$	61,250.00			
11/01/36	$	2,450,000.00 $	115,000.00	$	61,250.00 $		237,500.00	
05/01/37	$	2,335,000.00	$	-	$	58,375.00			
11/01/37	$	2,335,000.00 $	120,000.00	$	58,375.00 $		236,750.00	
05/01/38	$	2,215,000.00	$	-	$	55,375.00			
11/01/38	$	2,215,000.00 $	125,000.00	$	55,375.00 $		235,750.00	
05/01/39	$	2,090,000.00	$	-	$	52,250.00			
11/01/39	$	2,090,000.00 $	130,000.00	$	52,250.00 $		234,500.00	
05/01/40	$	1,960,000.00	$	-	$	49,000.00			
11/01/40	$	1,960,000.00 $	140,000.00	$	49,000.00 $		238,000.00	
05/01/41	$	1,820,000.00	$	-	$	45,500.00			
11/01/41	$	1,820,000.00 $	145,000.00	$	45,500.00 $		236,000.00	
05/01/42	$	1,675,000.00	$	-	$	41,875.00			
11/01/42	$	1,675,000.00 $	150,000.00	$	41,875.00 $		233,750.00	
05/01/43	$	1,525,000.00	$	-	$	38,125.00			
11/01/43	$	1,525,000.00 $	160,000.00	$	38,125.00 $		236,250.00	
05/01/44	$	1,365,000.00	$	-	$	34,125.00			
11/01/44	$	1,365,000.00 $	165,000.00	$	34,125.00 $		233,250.00	
05/01/45	$	1,200,000.00	$	-	$	30,000.00			
11/01/45	$	1,200,000.00 $	175,000.00	$	30,000.00 $		235,000.00	
05/01/46	$	1,025,000.00	$	-	$	25,625.00			
11/01/46	$	1,025,000.00 $	185,000.00	$	25,625.00 $		236,250.00	
05/01/47	$	840,000.00	$	-	$	21,000.00			
11/01/47	$	840,000.00 $	195,000.00	$	21,000.00 $		237,000.00	
05/01/48	$	645,000.00	$	-	$	16,125.00			
11/01/48	$	645,000.00 $	205,000.00	$	16,125.00 $		237,250.00	
05/01/49	$	440,000.00	$	-	$	11,000.00			
11/01/49	$	440,000.00 $	215,000.00	$	11,000.00 $		237,000.00	
05/01/50	$	225,000.00	$	-	$	5,625.00			
11/01/50	$	225,000.00 $	225,000.00	$	5,625.00 $		236,250.00	
		$	3,410,000.00	$	2,651,200.00	$	6,144,900.00		
Proposed Budget
Series 2020 A4 Debt Service Fund

	Adopted Budget FY 2025	Actuals Thru 4/30/25	Projected Next
7 Months	Total Projected 9/30/25	Proposed Budget FY 2026	

Revenues						
Assessments	$	191,400	$	190,316	$	1,084	$	191,400	$	191,400	
Interest	$	4,519	$	4,677	$	1,949	$	6,626	$	2,761	
Carry Forward Surplus	$	88,897	$	90,740	$	-	$	90,740	$	96,365	
Total Revenues	$	284,816	$	285,733	$	3,033	$	288,765	$	290,526	

Expenditures						
Interest - 11/1	$	61,200	$	61,200	$	-	$	61,200	$	60,150	
Principal - 5/1	$	70,000	$	-	$	70,000	$	70,000	$	70,000	
Interest - 5/1	$	61,200	$	-	$	61,200	$	61,200	$	60,150	
Total Expenditures	$	192,400	$	61,200	$	131,200	$	192,400	$	190,300	
						
Excess Revenues/(Expenditures)	$	92,416	$	224,533	$	(128,167)  $	96,365	$	100,226	
			
Interest - 11/1/26	
$58,925		
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit		
Phase 3	1.00	142	142	$191,399.84	$1,347.89	$1,449.34	
	142	142	$191,399.84			
Series 2020 Special Assessment Bonds Area 4 Amortization Schedule

Date		Balance	Prinicpal		Interest	Total		
11/01/25	$	3,065,000.00	$	-	$	60,150.00 $		191,350.00	
05/01/26	$	3,065,000.00 $	70,000.00	$	60,150.00			
11/01/26	$	2,995,000.00	$	-	$	58,925.00 $		189,075.00	
05/01/27	$	2,995,000.00 $	70,000.00	$	58,925.00			
11/01/27	$	2,925,000.00	$	-	$	57,700.00 $		186,625.00	
05/01/28	$	2,925,000.00 $	75,000.00	$	57,700.00			
11/01/28	$	2,850,000.00	$	-	$	56,387.50 $		189,087.50	
05/01/29	$	2,850,000.00 $	80,000.00	$	56,387.50			
11/01/29	$	2,770,000.00	$	-	$	54,987.50 $		191,375.00	
05/01/30	$	2,770,000.00 $	80,000.00	$	54,987.50			
11/01/30	$	2,690,000.00	$	-	$	53,587.50 $		188,575.00	
05/01/31	$	2,690,000.00 $	85,000.00	$	53,587.50			
11/01/31	$	2,605,000.00	$	-	$	52,100.00 $		190,687.50	
05/01/32	$	2,605,000.00 $	85,000.00	$	52,100.00			
11/01/32	$	2,520,000.00	$	-	$	50,400.00 $		187,500.00	
05/01/33	$	2,520,000.00 $	90,000.00	$	50,400.00			
11/01/33	$	2,430,000.00	$	-	$	48,600.00 $		189,000.00	
05/01/34	$	2,430,000.00 $	95,000.00	$	48,600.00			
11/01/34	$	2,335,000.00	$	-	$	46,700.00 $		190,300.00	
05/01/35	$	2,335,000.00 $	100,000.00	$	46,700.00			
11/01/35	$	2,235,000.00	$	-	$	44,700.00 $		191,400.00	
05/01/36	$	2,235,000.00 $	100,000.00	$	44,700.00			
11/01/36	$	2,135,000.00	$	-	$	42,700.00 $		187,400.00	
05/01/37	$	2,135,000.00 $	105,000.00	$	42,700.00			
11/01/37	$	2,030,000.00	$	-	$	40,600.00 $		188,300.00	
05/01/38	$	2,030,000.00 $	110,000.00	$	40,600.00			
11/01/38	$	1,920,000.00	$	-	$	38,400.00 $		189,000.00	
05/01/39	$	1,920,000.00 $	115,000.00	$	38,400.00			
11/01/39	$	1,805,000.00	$	-	$	36,100.00 $		189,500.00	
05/01/40	$	1,805,000.00 $	120,000.00	$	36,100.00			
11/01/40	$	1,685,000.00	$	-	$	33,700.00 $		189,800.00	
05/01/41	$	1,685,000.00 $	125,000.00	$	33,700.00			
11/01/41	$	1,560,000.00	$	-	$	31,200.00 $		189,900.00	
05/01/42	$	1,560,000.00 $	130,000.00	$	31,200.00			
11/01/42	$	1,430,000.00	$	-	$	28,600.00 $		189,800.00	
05/01/43	$	1,430,000.00 $	135,000.00	$	28,600.00			
11/01/43	$	1,295,000.00	$	-	$	25,900.00 $		189,500.00	
05/01/44	$	1,295,000.00 $	140,000.00	$	25,900.00			
11/01/44	$	1,155,000.00	$	-	$	23,100.00 $		189,000.00	
05/01/45	$	1,155,000.00 $	145,000.00	$	23,100.00			
11/01/45	$	1,010,000.00	$	-	$	20,200.00 $		188,300.00	
05/01/46	$	1,010,000.00 $	150,000.00	$	20,200.00			
11/01/46	$	860,000.00	$	-	$	17,200.00 $		187,400.00	
05/01/47	$	860,000.00 $	160,000.00	$	17,200.00			
11/01/47	$	700,000.00	$	-	$	14,000.00 $		191,200.00	
05/01/48	$	700,000.00 $	165,000.00	$	14,000.00			
11/01/48	$	535,000.00	$	-	$	10,700.00 $		189,700.00	
05/01/49	$	535,000.00 $	170,000.00	$	10,700.00			
11/01/49	$	365,000.00	$	-	$	7,300.00 $		188,000.00	
05/01/50	$	365,000.00 $	180,000.00	$	7,300.00			
11/01/50	$	185,000.00	$	-	$	3,700.00 $		191,000.00	
05/01/51	$	185,000.00 $	185,000.00	$	3,700.00 $		188,700.00	
		$	3,065,000.00	$	1,915,275.00	$	5,111,475.00		
Proposed Budget Capital Reserve Fund

	Adopted Budget FY 2025	Actuals Thru 4/30/25	Projected Next
7 Months	Total Projected 9/30/25	Proposed Budget FY 2026		

Revenues							
Interest	$	1,235	$	2,778	$	1,158	$	3,936	$	1,968	
Carry Forward Surplus	$	119,506	$	120,054	$	-	$	120,054	$	182,390	
Total Revenues	$	120,741	$	122,832	$	1,158	$	123,990	$	184,358	

Expenditures							
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)							
Transfer In/(Out)	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
Total Other Financing Sources/(Uses)	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
							
Excess Revenues/(Expenditures)	$	179,141	$	122,832	$	59,558	$	182,390	$	239,358	

Section B
RESOLUTION 2025-11
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2026; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Holly Hill Road East 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; and

WHEREAS, the District is located in Polk 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, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2026”), attached hereto as Exhibit A and incorporated by reference herein; and
WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and
WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and
WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and
WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2026; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such
special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Holly Hill Road East Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit B and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that 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, as shown in Exhibits A and B, is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, 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.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits A and B. The decision to collect special 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.
SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, 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 taxes. The proceeds therefrom shall be paid
to the District.
SECTION 5. ASSESSMENT ROLL AMENDMENT. 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. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. 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 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED THIS 10th DAY OF JUNE 2025.
ATTEST:	HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary
By: 	 Its: 		

Exhibit A:	Adopted Budget for Fiscal Year 2026
Exhibit B:	Assessment Roll
Exhibit A
Table of Contents

1-2		General Fund	

3-7	
	General Fund Narrative	

8	
	Series 2017 Debt Service Fund	

9	
	Series 2017 Amortization	

10	
	Series 2018 Debt Service Fund	

11	
	Series 2018 Amortization	

12	
	Series 2020 A3 Debt Service Fund	

13	
	Series 2020 A3 Amortization	

14	
	Series 2020 A4 Debt Service Fund	

15	
	Series 2020 A4 Amortization	

16	
	Capital Reserve Fund	

	Adopted Budget FY 2025		Actual Thru 4/30/25		Projected Next
7 Months		Total Projected 9/30/25		Proposed Budget FY 2026		

Revenues											
Assessments - Tax Roll	$	565,628	$	562,427	$	3,201	$	565,628	$	565,628	
Inter-Governmental Revenue	$	92,509	$	-	$	92,509	$	92,509	$	78,374	
Other Income	$	-	$	150	$	-	$	150	$	-	
Carry Forward Surplus	$	74,943	$	257,349	$	-	$	257,349	$	65,145	
Total Revenues	$	733,080	$	819,926	$	95,710	$	915,636	$	709,148	

Expenditures											
Administrative:
Supervisor Fees	
$	
12,000	
$	
4,800	
$	
5,000	
$	
9,800	
$	
12,000	
FICA Expenses	$	-	$	275	$	383	$	658	$	-	
Engineering Fees	$	10,000	$	1,360	$	4,167	$	5,527	$	10,000	
Legal Services	$	25,000	$	22,226	$	25,000	$	47,226	$	25,000	
Arbitrage	$	1,800	$	900	$	900	$	1,800	$	1,800	
Dissemination	$	7,200	$	4,200	$	3,000	$	7,200	$	7,416	
Assessment Administration	$	5,565	$	5,565	$	-	$	5,565	$	5,732	
Annual Audit	$	4,100	$	-	$	4,100	$	4,100	$	4,100	
Trustee Fees	$	15,839	$	14,829	$	-	$	14,829	$	15,839	
Management Fees	$	45,000	$	26,250	$	18,750	$	45,000	$	46,350	
Information Technology	$	1,890	$	1,103	$	788	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	735	$	525	$	1,260	$	1,298	
Telephone	$	100	$	-	$	42	$	42	$	100	
Postage & Delivery	$	750	$	594	$	313	$	906	$	850	
Copies	$	1,000	$	83	$	100	$	183	$	1,000	
Office Supplies	$	200	$	2	$	83	$	85	$	200	
Insurance	$	7,127	$	6,631	$	-	$	6,631	$	8,196	
Legal Advertising	$	2,500	$	1,542	$	1,042	$	2,584	$	2,500	
Contingency	$	1,200	$	758	$	500	$	1,258	$	1,300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	142,706	$	92,028	$	64,691	$	156,719	$	145,803	

Operations & Maintenance											
Field Expenditures
Field Management	
$	
20,000	
$	
11,667	
$	
8,333	
$	
20,000	
$	
20,600	
Electric	$	10,000	$	4,873	$	3,900	$	8,773	$	10,000	
Streetlighting	$	46,200	$	22,451	$	19,250	$	41,701	$	49,248	
Property Insurance	$	9,327	$	5,773	$	-	$	5,773	$	10,726	
Landscape Maintenance	$	142,593	$	77,579	$	55,415	$	132,994	$	166,871	
Landscape Contingency	$	22,000	$	14,790	$	9,167	$	23,957	$	6,000	
Irrigation Repairs	$	7,500	$	1,958	$	1,500	$	3,458	$	7,500	
Sidewalk Repairs & Maintenance	$	5,000	$	-	$	2,083	$	2,083	$	5,000	
General Repairs & Maintenance	$	17,500	$	49,686	$	7,292	$	56,978	$	17,500	
Contingency	$	10,000	$	3,599	$	4,167	$	7,765	$	10,000	
Subtotal Field Expenditures	$	290,120	$	192,375	$	111,107	$	303,482	$	303,445	

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2025	4/30/25	7 Months	9/30/25	FY 2026	

Amenity Expenditures						
Property Insurance	$	17,864	$	14,134	$	-	$	14,134	$	20,543	
Amenity Landscaping	$	18,588	$	10,843	$	7,745	$	18,588	$	24,096	
Amenity Landscape Contingency	$	13,000	$	-	$	5,417	$	5,417	$	8,000	
Electric	$	23,760	$	11,278	$	9,900	$	21,178	$	23,760	
Water	$	680	$	369	$	283	$	652	$	748	
Internet	$	2,376	$	1,260	$	990	$	2,250	$	2,376	
Janitorial Services	$	16,900	$	8,907	$	7,042	$	15,948	$	17,085	
Pest Control	$	840	$	503	$	350	$	853	$	1,020	
Amenity Access Management	$	6,300	$	3,675	$	2,625	$	6,300	$	7,000	
Security Services	$	33,886	$	12,830	$	14,119	$	26,949	$	34,903	
Amenity Repairs & Maintenance	$	19,800	$	2,525	$	17,275	$	19,800	$	19,800	
Pool Maintenance	$	23,700	$	14,275	$	9,875	$	24,150	$	24,408	
Pool Furniture Repair & Maintenance	$	-	$	-	$	-	$	-	$	5,000	
Playground Lease	$	52,129	$	9,635	$	6,880	$	16,515	$	4,131	
Contingency	$	12,031	$	11,841	$	6,000	$	17,841	$	12,031	
Subtotal Amenity Expenditures	$	241,854	$	102,074	$	88,501	$	190,574	$	204,901	
						
Total Operations & Maintenance	$	531,974	$	294,449	$	199,608	$	494,056	$	508,346	

Other Expenditures						
Transfer Out - Capital Reserve	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
Total Other Expenditures	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
						
Total Expenditures	$	733,080	$	386,477	$	322,698	$	709,175	$	709,148	
						
Excess Revenues/(Expenditures)	$	-	$	433,449	$	(226,989)	$	206,461	$	-	

Product Type	ERU/Unit	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	1.00	204	$183,739.16	$900.68	$	968	
Phase 2	1.00	100	$90,068.21	$900.68	$	968	
Phase 3	1.00	182	$163,924.15	$900.68	$	968	
Phase 4	1.00	142	$127,896.87	$900.68	$	968	
		628	$565,628.39			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Inter-Governmental Revenue

The District has entered into an Interlocal Agreement with North Boulevard CDD for the use of its amenities. North Boulevard CDD funds a portion of the District's amenity expenses are part of the agreement set in place.

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.

Engineering

The District's engineer, Dewberry Engineers, Inc., 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.

Legal Services

The District's legal counsel, Kilinski | Van Wyk, PLLC, 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.

Arbitrage

The District is contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2017, Series 2018, Series 2020A3 and Series 2020A4 bonds.

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. This cost is based upon the Series 2017, Series 2018, Series 2020A3 and Series 2020A4 bonds. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with McDirmit Davis for these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

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, arranges annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs 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. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board materials, overnight deliveries, correspondence, etc.

Copies

Printing materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

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.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenditures

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Streetlighting

Represents the cost to maintain street lights currently in place within the District Boundaries.

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District. Services include mowing, edging, trimming, pruning, weeding, irrigation inspections, fertilization and pest control applications. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Contingency

Represents the estimated cost of replacing landscaping within the common areas of the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Sidewalk Repairs & Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting and other assets.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. This cost pertains to coverage for the amenity facility.

Amenity Landscaping

Represents landscape maintenance services at the District's amenity facility. Services include mowing, edging, trimming, pruning, weeding, irrigation inspections, fertilization and pest control applications. The District has contracted with Prince & Sons, Inc. to provide these services.

Amenity Landscape Contingency

Represents the estimated cost of replacing landscaping surrounding the amenity facility.

Amenity - Electric

Represents estimated electric charges for the District’s amenity facility.

Amenity – Water

Represents estimated water charges for the District’s amenity facility.

Internet

Represents internet services in place at the amenity facility. This service is provided by Spectrum Business.

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities. These services are provided by Clean Star Services of Central Florida, LLC.

Pest Control

The District is contracted with Orkin for pest control treatments to its amenity facility.

Amenity Access Management

Represents the cost of managing and monitoring access to the District’s amenity facilities. Governmental Management Services – Central Florida, LLC provides these systems.

Security Services

Represents the estimated cost of monthly security services for the District’s amenity facilities as well as maintaining security systems in place. Services are provided by Securitas Security Services.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities and equipment.

Pool Maintenance

Resort Pool Services has been contracted to provide regular cleaning and treatments of the District’s pool.

Pool Furniture Repair & Maintenance

Represents estimated costs for repairs and maintenance of the District’s pool furniture.

Playground Lease

The District has entered into a leasing agreement with Navitas, Inc. for playgrounds installed in the community.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Transfer Out – Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Proposed Budget
Series 2017 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2025	4/30/25	7 Months	9/30/25	FY 2026	

Revenues						
Assessments	$	229,722	$	228,421	$	1,301	$	229,722	$	229,722	
Interest	$	6,501	$	6,799	$	2,833	$	9,632	$	4,816	
Carry Forward Surplus	$	157,351	$	159,651	$	-	$	159,651	$	171,973	
Total Revenues	$	393,574	$	394,871	$	4,134	$	399,005	$	406,511	

Expenditures						
Interest - 11/1	$	76,016	$	76,016	$	-	$	76,016	$	74,479	
Principal - 5/1	$	75,000	$	-	$	75,000	$	75,000	$	80,000	
Interest - 5/1	$	76,016	$	-	$	76,016	$	76,016	$	74,479	
Total Expenditures	$	227,033	$	76,016	$	151,016	$	227,033	$	228,958	
						
Excess Revenues/(Expenditures)	$	166,542	$	318,855	$	(146,882)	$	171,973	$	177,554	

Interest - 11/1/26	$72,839

Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	1.00	204	204	$229,722.46	$1,126.09	$1,210.85	
		204	204	$229,722.46			
Series 2017 Special Assessment Bonds Amortization Schedule

Date		Balance	Principal		Interest	Total		

11/01/25	
$	
3,105,000.00	$	
-	
$	
74,478.75 $		
225,495.00	
05/01/26	$	3,105,000.00 $	80,000.00	$	74,478.75			
11/01/26	$	3,025,000.00	$	-	$	72,838.75 $		227,317.50	
05/01/27	$	3,025,000.00 $	80,000.00	$	72,838.75			
11/01/27	$	2,945,000.00	$	-	$	71,198.75 $		224,037.50	
05/01/28	$	2,945,000.00 $	85,000.00	$	71,198.75			
11/01/28	$	2,860,000.00	$	-	$	69,456.25 $		225,655.00	
05/01/29	$	2,860,000.00 $	90,000.00	$	69,456.25			
11/01/29	$	2,770,000.00	$	-	$	67,375.00 $		226,831.25	
05/01/30	$	2,770,000.00 $	95,000.00	$	67,375.00			
11/01/30	$	2,675,000.00	$	-	$	65,178.13 $		227,553.13	
05/01/31	$	2,675,000.00 $	95,000.00	$	65,178.13			
11/01/31	$	2,580,000.00	$	-	$	62,981.25 $		223,159.38	
05/01/32	$	2,580,000.00 $	100,000.00	$	62,981.25			
11/01/32	$	2,480,000.00	$	-	$	60,668.75 $		223,650.00	
05/01/33	$	2,480,000.00 $	105,000.00	$	60,668.75			
11/01/33	$	2,375,000.00	$	-	$	58,240.63 $		223,909.38	
05/01/34	$	2,375,000.00 $	110,000.00	$	58,240.63			
11/01/34	$	2,265,000.00	$	-	$	55,696.88 $		223,937.50	
05/01/35	$	2,265,000.00 $	115,000.00	$	55,696.88			
11/01/35	$	2,150,000.00	$	-	$	53,037.50 $		223,734.38	
05/01/36	$	2,150,000.00 $	120,000.00	$	53,037.50			
11/01/36	$	2,030,000.00	$	-	$	50,262.50 $		223,300.00	
05/01/37	$	2,030,000.00 $	125,000.00	$	50,262.50			
11/01/37	$	1,905,000.00	$	-	$	47,371.88 $		222,634.38	
05/01/38	$	1,905,000.00 $	135,000.00	$	47,371.88			
11/01/38	$	1,770,000.00	$	-	$	44,250.00 $		226,621.88	
05/01/39	$	1,770,000.00 $	140,000.00	$	44,250.00			
11/01/39	$	1,630,000.00	$	-	$	40,750.00 $		225,000.00	
05/01/40	$	1,630,000.00 $	145,000.00	$	40,750.00			
11/01/40	$	1,485,000.00	$	-	$	37,125.00 $		222,875.00	
05/01/41	$	1,485,000.00 $	155,000.00	$	37,125.00			
11/01/41	$	1,330,000.00	$	-	$	33,250.00 $		225,375.00	
05/01/42	$	1,330,000.00 $	160,000.00	$	33,250.00			
11/01/42	$	1,170,000.00	$	-	$	29,250.00 $		222,500.00	
05/01/43	$	1,170,000.00 $	170,000.00	$	29,250.00			
11/01/43	$	1,000,000.00	$	-	$	25,000.00 $		224,250.00	
05/01/44	$	1,000,000.00 $	180,000.00	$	25,000.00			
11/01/44	$	820,000.00	$	-	$	20,500.00 $		225,500.00	
05/01/45	$	820,000.00 $	190,000.00	$	20,500.00			
11/01/45	$	630,000.00	$	-	$	15,750.00 $		226,250.00	
05/01/46	$	630,000.00 $	200,000.00	$	15,750.00			
11/01/46	$	430,000.00	$	-	$	10,750.00 $		226,500.00	
05/01/47	$	430,000.00 $	210,000.00	$	10,750.00			
11/01/47	$	220,000.00	$	-	$	5,500.00 $		226,250.00	
05/01/48	$	220,000.00 $	220,000.00	$	5,500.00 $		225,500.00	
		$	3,105,000.00	$	2,141,820.00	$	5,397,836.25		
Proposed Budget
Series 2018 Debt Service Fund

	Adopted Budget FY 2025	Actuals Thru 4/30/25	Projected Next
7 Months	Total Projected 9/30/25	Proposed Budget FY 2026	

Revenues						
Assessments	$	123,938	$	123,236	$	702	$	123,938	$	123,938	
Interest	$	3,489	$	3,636	$	1,515	$	5,151	$	1,515	
Carry Forward Surplus	$	84,472	$	85,720	$	-	$	85,720	$	94,371	
Total Revenues	$	211,899	$	212,592	$	2,217	$	214,809	$	219,825	

Expenditures						
Interest - 11/1	$	42,719	$	42,719	$	-	$	42,719	$	41,844	
Principal - 5/1	$	35,000	$	-	$	35,000	$	35,000	$	40,000	
Interest - 5/1	$	42,719	$	-	$	42,719	$	42,719	$	41,844	
Total Expenditures	$	120,438	$	42,719	$	77,719	$	120,438	$	123,688	
						
Excess Revenues/(Expenditures)	$	91,462	$	169,873	$	(75,502)  $	94,371	$	96,137	
			
Interest - 11/1/26	
$40,844		
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit		
Phase 2	1.00	100	100	$123,938.31	$1,239.38	$1,332.67	
	100	100	$123,938.31			
Series 2018 Special Assessment Bonds Amortization Schedule

Date		Balance	Principal		Interest	Total		
11/01/25	$	1,620,000.00	$	-	$	41,843.75 $		119,562.50	
05/01/26	$	1,620,000.00 $	40,000.00	$	41,843.75			
11/01/26	$	1,580,000.00	$	-	$	40,843.75 $		122,687.50	
05/01/27	$	1,580,000.00 $	40,000.00	$	40,843.75			
11/01/27	$	1,540,000.00	$	-	$	39,843.75 $		120,687.50	
05/01/28	$	1,540,000.00 $	40,000.00	$	39,843.75			
11/01/28	$	1,500,000.00	$	-	$	38,843.75 $		118,687.50	
05/01/29	$	1,500,000.00 $	45,000.00	$	38,843.75			
11/01/29	$	1,455,000.00	$	-	$	37,718.75 $		121,562.50	
05/01/30	$	1,455,000.00 $	45,000.00	$	37,718.75			
11/01/30	$	1,410,000.00	$	-	$	36,593.75 $		119,312.50	
05/01/31	$	1,410,000.00 $	50,000.00	$	36,593.75			
11/01/31	$	1,360,000.00	$	-	$	35,343.75 $		121,937.50	
05/01/32	$	1,360,000.00 $	50,000.00	$	35,343.75			
11/01/32	$	1,310,000.00	$	-	$	34,093.75 $		119,437.50	
05/01/33	$	1,310,000.00 $	55,000.00	$	34,093.75			
11/01/33	$	1,255,000.00	$	-	$	32,718.75 $		121,812.50	
05/01/34	$	1,255,000.00 $	55,000.00	$	32,718.75			
11/01/34	$	1,200,000.00	$	-	$	31,343.75 $		119,062.50	
05/01/35	$	1,200,000.00 $	60,000.00	$	31,343.75			
11/01/35	$	1,140,000.00	$	-	$	29,843.75 $		121,187.50	
05/01/36	$	1,140,000.00 $	65,000.00	$	29,843.75			
11/01/36	$	1,075,000.00	$	-	$	28,218.75 $		123,062.50	
05/01/37	$	1,075,000.00 $	65,000.00	$	28,218.75			
11/01/37	$	1,010,000.00	$	-	$	26,512.50 $		119,731.25	
05/01/38	$	1,010,000.00 $	70,000.00	$	26,512.50			
11/01/38	$	940,000.00	$	-	$	24,675.00 $		121,187.50	
05/01/39	$	940,000.00 $	75,000.00	$	24,675.00			
11/01/39	$	865,000.00	$	-	$	22,706.25 $		122,381.25	
05/01/40	$	865,000.00 $	80,000.00	$	22,706.25			
11/01/40	$	785,000.00	$	-	$	20,606.25 $		123,312.50	
05/01/41	$	785,000.00 $	80,000.00	$	20,606.25			
11/01/41	$	705,000.00	$	-	$	18,506.25 $		119,112.50	
05/01/42	$	705,000.00 $	85,000.00	$	18,506.25			
11/01/42	$	620,000.00	$	-	$	16,275.00 $		119,781.25	
05/01/43	$	620,000.00 $	90,000.00	$	16,275.00			
11/01/43	$	530,000.00	$	-	$	13,912.50 $		120,187.50	
05/01/44	$	530,000.00 $	95,000.00	$	13,912.50			
11/01/44	$	435,000.00	$	-	$	11,418.75 $		120,331.25	
05/01/45	$	435,000.00 $	100,000.00	$	11,418.75			
11/01/45	$	335,000.00	$	-	$	8,793.75 $		120,212.50	
05/01/46	$	335,000.00 $	105,000.00	$	8,793.75			
11/01/46	$	230,000.00	$	-	$	6,037.50 $		119,831.25	
05/01/47	$	230,000.00 $	110,000.00	$	6,037.50			
11/01/47	$	120,000.00	$	-	$	3,150.00 $		119,187.50	
05/01/48	$	120,000.00 $	120,000.00	$	3,150.00 $		123,150.00	
		$	1,620,000.00	$	1,199,687.50	$	2,897,406.25		
Proposed Budget
Series 2020 A3 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2025	4/30/25	7 Months	9/30/25	FY 2026	

Revenues						
Assessments	$	238,365	$	237,015	$	1,350	$	238,365	$	238,365	
Interest	$	6,166	$	6,439	$	2,683	$	9,122	$	3,801	
Carry Forward Surplus	$	184,378	$	186,653	$	-	$	186,653	$	200,440	
Total Revenues	$	428,910	$	430,107	$	4,033	$	434,140	$	442,606	

Expenditures						
Interest - 11/1	$	85,000	$	85,000	$	-	$	85,000	$	83,700	
Principal - 11/1	$	65,000	$	65,000	$	-	$	65,000	$	70,000	
Interest - 5/1	$	83,700	$	-	$	83,700	$	83,700	$	82,300	
Total Expenditures	$	233,700	$	150,000	$	83,700	$	233,700	$	236,000	
						
Excess Revenues/(Expenditures)	$	195,210	$	280,107	$	(79,667)	$	200,440	$	206,606	

Interest - 11/1/26	
$82,300					
Principal - 11/1/26	$70,000					
Total	$152,300					

Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 3	1.00	182	182	$238,365.47	$1,309.70	$1,408.28	
		182	182	$238,365.47			
Series 2020 Special Assessment Bonds Area 3 Amortization Schedule

Date		Balance	Principal		Interest	Total		
11/01/25	$	3,340,000.00 $	70,000.00	$	83,700.00 $		237,400.00	
05/01/26	$	3,340,000.00	$	-	$	82,300.00			
11/01/26	$	3,340,000.00 $	70,000.00	$	82,300.00 $		234,600.00	
05/01/27	$	3,270,000.00	$	-	$	80,725.00			
11/01/27	$	3,270,000.00 $	75,000.00	$	80,725.00 $		236,450.00	
05/01/28	$	3,195,000.00	$	-	$	79,037.50			
11/01/28	$	3,195,000.00 $	80,000.00	$	79,037.50 $		238,075.00	
05/01/29	$	3,115,000.00	$	-	$	77,237.50			
11/01/29	$	3,115,000.00 $	80,000.00	$	77,237.50 $		234,475.00	
05/01/30	$	3,035,000.00	$	-	$	75,437.50			
11/01/30	$	3,035,000.00 $	85,000.00	$	75,437.50 $		235,875.00	
05/01/31	$	2,950,000.00	$	-	$	73,525.00			
11/01/31	$	2,860,000.00 $	90,000.00	$	71,500.00 $		235,025.00	
05/01/32	$	2,860,000.00	$	-	$	71,500.00			
11/01/32	$	2,860,000.00 $	95,000.00	$	71,500.00 $		238,000.00	
05/01/33	$	2,765,000.00	$	-	$	69,125.00			
11/01/33	$	2,765,000.00 $	100,000.00	$	69,125.00 $		238,250.00	
05/01/34	$	2,665,000.00	$	-	$	66,625.00			
11/01/34	$	2,665,000.00 $	105,000.00	$	66,625.00 $		238,250.00	
05/01/35	$	2,560,000.00	$	-	$	64,000.00			
11/01/35	$	2,560,000.00 $	110,000.00	$	64,000.00 $		238,000.00	
05/01/36	$	2,450,000.00	$	-	$	61,250.00			
11/01/36	$	2,450,000.00 $	115,000.00	$	61,250.00 $		237,500.00	
05/01/37	$	2,335,000.00	$	-	$	58,375.00			
11/01/37	$	2,335,000.00 $	120,000.00	$	58,375.00 $		236,750.00	
05/01/38	$	2,215,000.00	$	-	$	55,375.00			
11/01/38	$	2,215,000.00 $	125,000.00	$	55,375.00 $		235,750.00	
05/01/39	$	2,090,000.00	$	-	$	52,250.00			
11/01/39	$	2,090,000.00 $	130,000.00	$	52,250.00 $		234,500.00	
05/01/40	$	1,960,000.00	$	-	$	49,000.00			
11/01/40	$	1,960,000.00 $	140,000.00	$	49,000.00 $		238,000.00	
05/01/41	$	1,820,000.00	$	-	$	45,500.00			
11/01/41	$	1,820,000.00 $	145,000.00	$	45,500.00 $		236,000.00	
05/01/42	$	1,675,000.00	$	-	$	41,875.00			
11/01/42	$	1,675,000.00 $	150,000.00	$	41,875.00 $		233,750.00	
05/01/43	$	1,525,000.00	$	-	$	38,125.00			
11/01/43	$	1,525,000.00 $	160,000.00	$	38,125.00 $		236,250.00	
05/01/44	$	1,365,000.00	$	-	$	34,125.00			
11/01/44	$	1,365,000.00 $	165,000.00	$	34,125.00 $		233,250.00	
05/01/45	$	1,200,000.00	$	-	$	30,000.00			
11/01/45	$	1,200,000.00 $	175,000.00	$	30,000.00 $		235,000.00	
05/01/46	$	1,025,000.00	$	-	$	25,625.00			
11/01/46	$	1,025,000.00 $	185,000.00	$	25,625.00 $		236,250.00	
05/01/47	$	840,000.00	$	-	$	21,000.00			
11/01/47	$	840,000.00 $	195,000.00	$	21,000.00 $		237,000.00	
05/01/48	$	645,000.00	$	-	$	16,125.00			
11/01/48	$	645,000.00 $	205,000.00	$	16,125.00 $		237,250.00	
05/01/49	$	440,000.00	$	-	$	11,000.00			
11/01/49	$	440,000.00 $	215,000.00	$	11,000.00 $		237,000.00	
05/01/50	$	225,000.00	$	-	$	5,625.00			
11/01/50	$	225,000.00 $	225,000.00	$	5,625.00 $		236,250.00	
		$	3,410,000.00	$	2,651,200.00	$	6,144,900.00		
Proposed Budget
Series 2020 A4 Debt Service Fund

	Adopted Budget FY 2025	Actuals Thru 4/30/25	Projected Next
7 Months	Total Projected 9/30/25	Proposed Budget FY 2026	

Revenues						
Assessments	$	191,400	$	190,316	$	1,084	$	191,400	$	191,400	
Interest	$	4,519	$	4,677	$	1,949	$	6,626	$	2,761	
Carry Forward Surplus	$	88,897	$	90,740	$	-	$	90,740	$	96,365	
Total Revenues	$	284,816	$	285,733	$	3,033	$	288,765	$	290,526	

Expenditures						
Interest - 11/1	$	61,200	$	61,200	$	-	$	61,200	$	60,150	
Principal - 5/1	$	70,000	$	-	$	70,000	$	70,000	$	70,000	
Interest - 5/1	$	61,200	$	-	$	61,200	$	61,200	$	60,150	
Total Expenditures	$	192,400	$	61,200	$	131,200	$	192,400	$	190,300	
						
Excess Revenues/(Expenditures)	$	92,416	$	224,533	$	(128,167)  $	96,365	$	100,226	
			
Interest - 11/1/26	
$58,925		
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit		
Phase 3	1.00	142	142	$191,399.84	$1,347.89	$1,449.34	
	142	142	$191,399.84			
Series 2020 Special Assessment Bonds Area 4 Amortization Schedule

Date		Balance	Prinicpal		Interest	Total		
11/01/25	$	3,065,000.00	$	-	$	60,150.00 $		191,350.00	
05/01/26	$	3,065,000.00 $	70,000.00	$	60,150.00			
11/01/26	$	2,995,000.00	$	-	$	58,925.00 $		189,075.00	
05/01/27	$	2,995,000.00 $	70,000.00	$	58,925.00			
11/01/27	$	2,925,000.00	$	-	$	57,700.00 $		186,625.00	
05/01/28	$	2,925,000.00 $	75,000.00	$	57,700.00			
11/01/28	$	2,850,000.00	$	-	$	56,387.50 $		189,087.50	
05/01/29	$	2,850,000.00 $	80,000.00	$	56,387.50			
11/01/29	$	2,770,000.00	$	-	$	54,987.50 $		191,375.00	
05/01/30	$	2,770,000.00 $	80,000.00	$	54,987.50			
11/01/30	$	2,690,000.00	$	-	$	53,587.50 $		188,575.00	
05/01/31	$	2,690,000.00 $	85,000.00	$	53,587.50			
11/01/31	$	2,605,000.00	$	-	$	52,100.00 $		190,687.50	
05/01/32	$	2,605,000.00 $	85,000.00	$	52,100.00			
11/01/32	$	2,520,000.00	$	-	$	50,400.00 $		187,500.00	
05/01/33	$	2,520,000.00 $	90,000.00	$	50,400.00			
11/01/33	$	2,430,000.00	$	-	$	48,600.00 $		189,000.00	
05/01/34	$	2,430,000.00 $	95,000.00	$	48,600.00			
11/01/34	$	2,335,000.00	$	-	$	46,700.00 $		190,300.00	
05/01/35	$	2,335,000.00 $	100,000.00	$	46,700.00			
11/01/35	$	2,235,000.00	$	-	$	44,700.00 $		191,400.00	
05/01/36	$	2,235,000.00 $	100,000.00	$	44,700.00			
11/01/36	$	2,135,000.00	$	-	$	42,700.00 $		187,400.00	
05/01/37	$	2,135,000.00 $	105,000.00	$	42,700.00			
11/01/37	$	2,030,000.00	$	-	$	40,600.00 $		188,300.00	
05/01/38	$	2,030,000.00 $	110,000.00	$	40,600.00			
11/01/38	$	1,920,000.00	$	-	$	38,400.00 $		189,000.00	
05/01/39	$	1,920,000.00 $	115,000.00	$	38,400.00			
11/01/39	$	1,805,000.00	$	-	$	36,100.00 $		189,500.00	
05/01/40	$	1,805,000.00 $	120,000.00	$	36,100.00			
11/01/40	$	1,685,000.00	$	-	$	33,700.00 $		189,800.00	
05/01/41	$	1,685,000.00 $	125,000.00	$	33,700.00			
11/01/41	$	1,560,000.00	$	-	$	31,200.00 $		189,900.00	
05/01/42	$	1,560,000.00 $	130,000.00	$	31,200.00			
11/01/42	$	1,430,000.00	$	-	$	28,600.00 $		189,800.00	
05/01/43	$	1,430,000.00 $	135,000.00	$	28,600.00			
11/01/43	$	1,295,000.00	$	-	$	25,900.00 $		189,500.00	
05/01/44	$	1,295,000.00 $	140,000.00	$	25,900.00			
11/01/44	$	1,155,000.00	$	-	$	23,100.00 $		189,000.00	
05/01/45	$	1,155,000.00 $	145,000.00	$	23,100.00			
11/01/45	$	1,010,000.00	$	-	$	20,200.00 $		188,300.00	
05/01/46	$	1,010,000.00 $	150,000.00	$	20,200.00			
11/01/46	$	860,000.00	$	-	$	17,200.00 $		187,400.00	
05/01/47	$	860,000.00 $	160,000.00	$	17,200.00			
11/01/47	$	700,000.00	$	-	$	14,000.00 $		191,200.00	
05/01/48	$	700,000.00 $	165,000.00	$	14,000.00			
11/01/48	$	535,000.00	$	-	$	10,700.00 $		189,700.00	
05/01/49	$	535,000.00 $	170,000.00	$	10,700.00			
11/01/49	$	365,000.00	$	-	$	7,300.00 $		188,000.00	
05/01/50	$	365,000.00 $	180,000.00	$	7,300.00			
11/01/50	$	185,000.00	$	-	$	3,700.00 $		191,000.00	
05/01/51	$	185,000.00 $	185,000.00	$	3,700.00 $		188,700.00	
		$	3,065,000.00	$	1,915,275.00	$	5,111,475.00		
Proposed Budget Capital Reserve Fund

	Adopted Budget FY 2025	Actuals Thru 4/30/25	Projected Next
7 Months	Total Projected 9/30/25	Proposed Budget FY 2026		

Revenues							
Interest	$	1,235	$	2,778	$	1,158	$	3,936	$	1,968	
Carry Forward Surplus	$	119,506	$	120,054	$	-	$	120,054	$	182,390	
Total Revenues	$	120,741	$	122,832	$	1,158	$	123,990	$	184,358	

Expenditures							
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)							
Transfer In/(Out)	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
Total Other Financing Sources/(Uses)	$	58,400	$	-	$	58,400	$	58,400	$	55,000	
							
Excess Revenues/(Expenditures)	$	179,141	$	122,832	$	59,558	$	182,390	$	239,358	
Exhibit B

PARCEL ID								
	PHASE	UNITS	FY 26 O&M	2017 DEBT	2018 DEBT	2020 A3 DEBT 2020 A4 DEBT	TOTAL	
272704725010000010	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000020	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000030	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000040	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000050	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000060	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000070	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000080	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000090	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000100	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000110	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000120	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000130	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000140	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000150	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000160	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000170	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000180	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000190	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000200	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000210	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000220	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000230	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000240	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000250	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000260	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000270	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000280	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000290	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000300	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000310	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000320	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000330	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000340	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000350	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000360	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000370	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000380	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000390	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000400	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000410	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000420	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000430	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000440	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000450	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000460	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000470	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000480	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000490	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000500	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000510	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000520	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000530	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000540	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000550	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000560	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000570	1	1	$968.48	$1,210.85			$2,179.33	
272704725010000580	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000590	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000600	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000610	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000620	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000630	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000640	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000650	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000660	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000670	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000680	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000690	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000700	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000710	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000720	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000730	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000740	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000750	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000760	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000770	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000780	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000790	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000800	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000810	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000820	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000830	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000840	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000850	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000860	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000870	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000880	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000890	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000900	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000910	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000920	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000930	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000940	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000950	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000960	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000970	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000980	1	1	$968.48	$1,210.85	$2,179.33			
272704725010000990	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001000	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001010	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001020	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001030	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001040	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001050	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001060	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001070	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001080	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001090	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001100	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001110	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001120	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001130	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001140	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001150	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001160	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001170	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001180	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001190	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001200	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001210	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001220	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001230	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001240	1	1	$968.48	$1,210.85	$2,179.33			
272704725010001250	1	1	$968.48	$1,210.85	$2,179.33			
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272704725010002030	1	1	$968.48	$1,210.85		$2,179.33		
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272705726009001960	2	1	$968.48		$1,332.67	$2,301.15		
272705726009001970	2	1	$968.48		$1,332.67	$2,301.15		
272705726009001980	2	1	$968.48		$1,332.67	$2,301.15		
272705726009001990	2	1	$968.48		$1,332.67	$2,301.15		
272705726009002000	2	1	$968.48		$1,332.67	$2,301.15		
272705726009002010	2	1	$968.48		$1,332.67	$2,301.15		
272705726009002020	2	1	$968.48		$1,332.67	$2,301.15		
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272705726013001470	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001480	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001490	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001500	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001510	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001520	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001530	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001540	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001550	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001560	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001570	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001580	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001590	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001600	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001610	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001620	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001630	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001640	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001650	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001660	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001670	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001680	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001690	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001700	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001710	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001720	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001730	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001740	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001750	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001760	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001770	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001780	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001790	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001800	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001810	3	1	$968.48	$1,408.28	$2,376.76			
272705726013001820	3	1	$968.48	$1,408.28	$2,376.76			
Total Gross Assessments		628	$608,205.44  $247,013.40  $133,267.00  $256,306.96	$205,806.28  $1,450,599.08				
								
Total Net Assessments			$565,631.06  $229,722.46  $123,938.31  $238,365.47	$191,399.84  $1,349,057.14				

Section V

LICENSE AGREEMENT BETWEEN HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT AND CITRUS RESERVE HOMEOWNERS ASSOCIATION, INC., REGARDING THE USE OF CERTAIN DISTRICT PROPERTY

THIS NON-EXCLUSIVE, REVOCABLE LICENSE AGREEMENT (the “Agreement”) is made
and entered into this 	day of April 2025, by and between:

Holly Hill Road East Community Development District, a local unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes, located in the City of Davenport, Florida, with a mailing address of c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (the “District”), and

CITRUS RESERVE HOMEOWNERS ASSOCIATION, INC., a Florida not for profit corporation, with a mailing address of 375 Avenue A S.E., Winter Haven, Florida 33880 (the “Licensee”, and together with the District, the “Parties”).
RECITALS
Whereas, the District is a local unit of special-purpose government established pursuant to and governed by Chapter 190, Florida Statutes; and
WHEREAS, the District owns, operates, and maintains various recreational facilities and associated parking areas (together, “Amenity Facilities”), as shown on Exhibit A, attached hereto and incorporated herein by reference (all together, “License Area”); and
WHEREAS, the Licensee approached the District and desires to make use of the License Area for hosting an event for District residents and their guests on April 19, 2025 (“Event”); and

Whereas, the District is willing to allow the Licensee and its volunteers and vendors to make use of the License Area for the Event provided that such use does not impede the District’s operation of the License Area as a public improvement and so long as the terms and conditions set forth herein are met; and

Whereas, the District has determined that providing the Licensee with the ability to use the License Area is a benefit to the District, is a proper public purpose, and makes appropriate use of the District’s public facilities; and

Whereas, the District does not warrant that the License Area is suitable or fit for purposes requested by Licensee, but Licensee does believe it to be fit and suitable for the Licensee’s Event and Licensee acknowledges and understands that the District provides no warranties whatsoever; and

Whereas, the District and the Licensee warrant and agree that they have all rights, power, and authority to enter into and be bound by this Agreement.

Now, therefore, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

Incorporation Of Recitals. The Recitals stated above are true and correct and are incorporated herein as a material part of this Agreement.

GRANT OF LICENSE. The District hereby grants to the Licensee a non-exclusive, revocable license to use the License Area for the Event (“License”). In consideration for use of the License Area, the Licensee agrees to the following conditions:

The Licensee’s access is limited to the License Area as set forth in Exhibit A and reasonable ingress and egress thereto. No other use of or access to the District’s property is permitted. The District does not and cannot confer rights or interests in property outside of the License Area and makes no representations regarding the same. The Licensee is solely responsible for obtaining consents and/or permits and meeting all regulatory requirements to utilize non-District property.

The Licensee’s access is limited to the Event taking place on April 19, 2025, from 9:00 a.m. to 10:00 a.m., including thirty (30) minutes before and after the Event for set-up and take-down.

The Parties acknowledge that weather conditions may affect the use of the License Area at any given time. The District shall have the right, but not the obligation, to temporarily close the License Area on any given day due to inclement weather, including, but not limited to, rain, lightning, hail, and strong winds. The Licensee shall abide by the decision of the District as to the closure of the License Area. The Licensee shall be responsible for the safety of its employees, guests, invitees, agents, or participants during such times.

The Licensee’s use of the License Area shall be contemporaneous with the use of the License Area by Patrons (residents, paid users and authorized guests) of the District (as that term is defined in the District’s Amenity Facilities Policies and Rates), and the Licensee’s use shall not interfere with the operation of the Amenity Facilities as public improvements. Further, the Licensee shall not permit outside users and the Event shall be limited to District residents and their guests authorized pursuant to the District’s adopted Amenity Facilities Policies and Rates.

Proper non-permanent signage regarding parking and other information may be used during the term of this License only. Said property shall be restored to the same or better condition after completion of the Event.

The Licensee shall be solely responsible for all preparations necessary for the Event to be held on the License Area. The District and the Licensee agree that all food, beverages, entertainment, security, parking, traffic control, crowd control, capacity determinations and personnel necessary for the Event shall be the sole responsibility of the

Licensee. The Licensee understands and agrees that serving or selling of alcoholic beverages during the Event is strictly prohibited.

The Licensee’s use of the License Area shall be subject to the policies and regulations of the District, including but not limited to the Amenity Facilities Policies and Rates, and the Licensee acknowledges receipt of all such policies and rules. All promotional materials shall make clear that it is not a District sponsored or affiliated event.

The Licensee agrees to make every reasonable effort to ensure that District property, including the License Area, is not damaged or injured and agrees to assume full responsibility for the use of the License Area by its vendors, contractors, employees, agents, representatives, invitees or attendees during the preparations for, the conducting of, and the cleaning after the Event.

Repair. The Licensee agrees to maintain, restore, and repair, or cause to be maintained, restored or repaired, any District property which is damaged, destroyed, or otherwise impaired by the Licensee’s employees, vendors, contractors, agents, representatives, invitees or attendees, incurred during, or as a result of, the preparations for, the conduct of, or the cleaning after the Event.

Cleaning. The Licensee shall be responsible for the costs to clean up the License Area and adjacent District property, including but not limited to proper disposal of trash/debris. The Licensee agrees to return the License Area to its pre-Event condition immediately following the Event, but in no event later than 12:00 p.m. on the immediately succeeding day. Any unattended property or personal belongings may be removed by District staff, with no liability for removing the same, if the same is not removed within twenty-four (24) hours following the Event.

District Evaluation. The District Manager, or his or her designee, may evaluate the License Area after the Event and shall notify the Licensee of any cleaning, repair or other restoration deemed necessary as a result of, or arising out of, the Event or due to failure by the Licensee to comply with the provisions of this Agreement. If the Licensee fails, after the notification, to timely perform such cleaning, repair or other restoration to the satisfaction of the District, the District Manager, or his or her designee, may perform, or cause to be performed, such cleaning, repair or other restoration to be made at the Licensee’s cost, and such cost incurred by the District shall be reimbursed by the Licensee upon demand by the District Manager. Such reimbursement shall be made as soon as possible, but in no event later than fourteen (14) days after the District Manager submits the reimbursement for costs.

The grant of this License is further conditioned on the Licensee’s compliance at all times with applicable laws, statutes, ordinances, codes, rules, regulations, and requirements of federal, state, county, city and municipal government, and any and all of their departments and bureaus, and all applicable permits and approvals, including but,

not limited to, health department requirements, fire code and other laws (the “Laws”). It is the Licensee’s responsibility to know, understand and follow such Laws.

The District shall not be responsible for the personal safety of the Licensee’s invitees, participants, or other persons on District property pursuant to this Agreement, except to the limited extent provided for in the normal operation of the District’s property. The Licensee acknowledges and accepts that the District shall not be responsible for personal injury, loss or damage to personal property, vehicles, equipment stored on site, or any other losses incurred by the Licensee or its invitees. The Licensee shall be solely responsible for all activities and vendors associated with an Event.

Insurance and Indemnity.

The Licensee shall acquire and maintain, and shall require any vendors or subcontractors operating at the License Area to acquire and maintain, general commercial liability insurance coverage acceptable to the District in an amount not less than $1,000,000 per occurrence, as well as $1,000,000 automobile liability coverage, which shall include all claims and losses that may relate in any manner whatsoever to use of the License by the Licensee, its employees, agents, participants, guests or invitees, including without limitation any person entering District property pursuant to this Agreement. The insurance coverage shall additionally include a minimum of $100,000 damage to rented premises coverage. The District and its supervisors, officers, employees, staff, and consultants shall be named as additional insured parties on such policy. A certificate of insurance reflecting such amounts and insureds shall be provided to the District at the time of execution of this Agreement. The Licensee understands and agrees that failure to provide a certificate of Event Insurance as required by this Section may cause the District to cancel the Event, without prior notice.

The Licensee (individually and on behalf of all persons in attendance at the Event in any way related to the Licensee), by virtue of his or her operation, organization, arrangement or sponsoring of the Event by the Licensee, agrees to defend, indemnify and hold harmless the agrees to defend, indemnify, and hold harmless the District and its supervisors, officers, agents, employees, successors, assigns, members, affiliates, or representatives from any and all liability, claims, actions, suits, liens, or demands by any person (including Event vendors and participants), corporation or other entity, for any injuries, sickness, disease, death, theft and real or personal property damage of any nature arising out of, or in connection with, the acts or omissions of the Licensee (and his or her agents, employees, invitees, and business associates) in connection with the use of the District’s property and facilities, participation in the Event, or violation of any laws, rules, and regulations. Should the Licensee or any Event vendor bring suit or any claim against the District or its respective officers, agents, staff, supervisors, members or employees in connection with the Event operated, organized, arranged or sponsored by the Licensee or any facility owned by the District, and fail to obtain judgment therein against the District or its respective officers, agents, staff, supervisors, members and employees, the Licensee shall be liable to the District for all costs and expenses incurred by it in the defense of such suit (including, but not limited to, court costs and attorneys’ fees through all appellate

proceedings, both in court and out of court). Provided, however, this indemnity excludes any claims or cause of action arising from or related to the District’s gross negligence or willful misconduct.

Obligations under this Agreement shall include, but are not limited to, all costs including the payment of all settlements, judgments, damages, liquidated damages, penalties, fines, forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation and other related expenses, attorneys’ fees, paralegal fees (incurred in court, out of court, on appeal, or in bankruptcy proceedings), and any interests accrued against the District.

In the event that the District is required to enforce this Agreement by court proceedings or otherwise, then the District shall be entitled to recover from the Licensee all costs incurred, including reasonable attorneys’ fees.

Nothing in this Agreement shall be construed as a waiver of the District’s sovereign immunity or limits of liability beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under such limitations of liability or by operation of law. The provisions of this paragraph shall survive suspension or revocation of the License or termination of this Agreement.

Revocation, Suspension and Termination. The District and the Licensee acknowledge and agree that the License granted herein is a mere privilege and may be immediately suspended or revoked, with or without cause, at the sole discretion of the District. In the event the District exercises its right to suspend, revoke or terminate the License, the Licensee must expeditiously restore the District property to its same or better condition. The Licensee may terminate this Agreement upon written notice to the District. The failure of any party hereto to enforce any provision of this Agreement shall not be construed to be a waiver of such or any other provision, nor in any way to affect the validity of all or any part of this Agreement or the right of such party thereafter to enforce each and every provision. No waiver of any breach shall be held to constitute a waiver of any other or subsequent breach.

Enforcement of Agreement. A default by either party under this Agreement shall entitle the other party to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief, and specific performance. Notwithstanding this, the Licensee’s right to recover damages from the District on any and all claims of any type shall be limited in all instances to no more than one hundred dollars ($100).

Controlling Law; Venue; Remedies. This Agreement and the provisions contained herein shall be construed, interpreted, and controlled according to the laws of the State of Florida. The Parties agree that venue for any action arising hereunder shall be in a court of appropriate jurisdiction in Polk County, Florida.

ENTIRE AGREEMENT. This is the entire Agreement of the Parties as it relates to the subject of this Agreement. This Agreement may not be amended except in writing signed by both Parties. This Agreement supersedes any prior agreement between the District and Licensee regarding the use of the License Area for the April 19, 2025 Event.

Non-Transfer or Assignment. The License shall be for the sole use by the Licensee and shall not be assigned or transferred without the prior written consent of the District in its sole discretion. A transfer or assignment of all or any part of the License without such prior written consent shall be void.
NOTICES. All notices, requests, consents, and other communications hereunder (each, a “Notice” or collectively, “Notices”) shall be in writing and shall be delivered, mailed by overnight courier or First Class Mail, postage prepaid, to the Parties at the addresses listed herein. Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Licensee may deliver Notice on behalf of the District and the Licensee. Any party or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days’ written notice to the Parties set forth herein.

PUBLIC RECORDS. The Licensee understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, the Licensee agrees to comply with all applicable provisions of Florida law in handling such records, including, but not limited to, section 119.0701, Florida Statutes. The Licensee acknowledges that the designated public records custodian for the District is Governmental Management Services – Central Florida, LLC (“Public Records Custodian”). Among other requirements and to the extent applicable by law, the Licensee shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if the Licensee does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in the Licensee’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by the Licensee, the Licensee shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF THE LICENSEE HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE LICENSEE’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT (407) 841-5524, RECORDREQUEST@GMSCFL.COM, OR 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA 32801.

AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of each of the Parties hereto, each of the Parties has complied with all the requirements of law and each of the Parties has full power and authority to comply with the terms and conditions of this Agreement.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Agreement.

COUNTERPARTS. This Agreement 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.

Anti-Human Trafficking Requirements. The Licensee certifies, by acceptance of the Agreement, that neither it nor its principals utilize coercion for labor or services as defined in section 787.06, Florida Statutes. The Licensee agrees to execute an affidavit in compliance with section 787.06(13), Florida Statutes.

[signatures on following page]

In witness whereof, the Parties execute this Agreement the day and year first written
above.

Holly Hill Road East
Community Development District

Citrus Reserve Homeowners Association,
Inc., a Florida not for profit corporation

Exhibit A:	License Property
By: 	Citrus Reserve HOA, Lora Lee Eberhart
Its: 	Citrus Reserve HOA Board President 

Exhibit A
License Area

Section VII

Section B

Section 1

Sent Via Email: tadams@gmscfl.com

May 29, 2025

Ms. Tricia Adams District Manager
Holly Hill Road East Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801

Subject:	Work Authorization Number 2025-2
Holly Hill Road East Community Development District Annual Engineer’s Report 2025

Dear Ms. Adams:

Dewberry Engineers Inc. (Engineer) is pleased to submit this Work Authorization to provide professional consulting engineering services for the Holly Hill Road East Community Development District (CDD). We will provide these services pursuant to our current agreement (“District Engineering Agreement”) as follows:

Scope of Work

We will provide the Annual Engineer’s Report for the CDD as required by the Trust Indenture for this fiscal year. The report will address the requirements as detailed in Section 9.21 of the Trust.
Fees
The CDD will compensate the Engineer pursuant to the hourly rate schedule contained in the District Engineering Agreement. We estimate a budget in the amount of $3,000, plus other direct costs. The CDD will reimburse the Engineer all direct costs, which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Engineering Agreement.

Thank you for considering Dewberry. We look forward to helping you create a quality project. Sincerely,

Joey V. Duncan, PE	Reinardo Malavé, P.E.
Principal Engineer	Associate Vice President APPROVED AND ACCEPTED
By: 	 Authorized Representative of
Holly Hill Road Community Development District

Date
Page 1 of 1

Section C

Item will be provided under separate cover.

Section D

Section 1

Summary of Check Register

May 1, 2025 to May 31, 2025

General Fund	
5/1/25	
218	
$	
6,298.16	
	5/6/25	219-220	$	59,207.50	
	5/15/25	221-225	$	173,825.98	
	5/22/25	226-230	$	20,069.58	
5/28/25	231	 $	175.00 			
		$	259,576.22			
					
	Total Amount	$	259,576.22			
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/03/25	PAGE	1
*** CHECK DATES 05/01/2025 - 05/31/2025 ***	HOLLY HILL ROAD E-GENERAL FUND
BANK C GENERAL FUND #4340
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/01/25 00029	5/01/25 05012025 202505 300-20700-10000	*	1,846.80
ASSESSMNT TRSFR-S2017
5/01/25 05012025 202505 300-20700-10000	*	996.37
ASSESSMNT TRSFR-S2018
5/01/25 05012025 202505 300-20700-10000	*	1,916.28
ASSESSMNT TRSFR-S2020A3
5/01/25 05012025 202505 300-20700-10000	*	1,538.71
ASSESSMNT TRSFR-S2020A4
HOLLY HILL ROAD EAST C/O USBANK	6,298.16 000218
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/06/25 00063	4/22/25 22445858 202503 310-51300-31100	*	807.50
ENGINEERING SVCS-MAR25
DEWBERRY ENGINEERS INC.	807.50 000219
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/06/25 00016	5/06/25 05062025 202505 300-58100-10000	*	58,400.00
FY25 CAPITAL RSRV.TRNSFR
HOLLY HILL ROAD EAST CDD	58,400.00 000220
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00079	4/30/25 00070939 202504 310-51300-48000	*	275.03
MTG-ANNUAL AUDIT-4/25/25
GANNETT MEDIA CORP DBA	275.03 000221
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
243	202505 310-51300-34000	*	3,750.00
MANAGEMENT FEES-MAY25
243	202505 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-MAY25
243	202505 310-51300-35100	*	157.50
INFORMATION TECH-MAY25
243	202505 310-51300-31300	*	600.00
DISSEMINATION SVCS-MAY25
243	202505 330-57200-12000	*	525.00
AMENITY ACCESS-MAY25
243	202505 310-51300-51000	*	.24
OFFICE SUPPLIES
243	202505 310-51300-42000	*	24.33
POSTAGE
244	202505 320-53800-12000	*	1,666.67
FIELD MANAGEMENT-MAY25
244	202505 310-51300-42500	*	21.21
STAPLE SEPERATE COVER
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,849.95 000222
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00074	3/23/25 45600	202503 330-53800-49100	*	5,901.00
AMENITY FURNITURE
PATIO SHOWCASE	5,901.00 000223
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
HHRD HOLLY HILL CDD CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/03/25	PAGE	2
*** CHECK DATES 05/01/2025 - 05/31/2025 ***	HOLLY HILL ROAD E-GENERAL FUND
BANK C GENERAL FUND #4340
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/15/25 00025	4/24/25 17552	202504 320-53800-46500	*	800.00
BAHIA SOD INSTALL
PRINCE & SONS INC.	800.00 000224
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00084	5/13/25 05132025 202505 300-15100-10000	*	160,000.00
EXCESS FUNDS TXFER TO SBA
STATE BOARD OF ADMINISTRATION	160,000.00 000225
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00041	4/28/25 14868	202504 330-53800-48600	*	1,295.00
MONTHLY CLEAN SVC-APR25
CLEAN STAR SERVICES OF CENTRAL FL	1,295.00 000226
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00058	5/15/25 12144	202504 310-51300-31500	*	3,671.59
GENERAL COUNSEL- APR25
KILINSKI VAN WYK	PLLC	3,671.59 000227
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00021	5/05/25 27727737 202505 330-53800-48000	*	77.00
PEST CONTROL-MAY25
ORKIN	77.00 000228
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00025	5/01/25 17662	202505 320-53800-47300	*	321.84
RPLCD SPRAYS/ NOZZLES
5/01/25 17710	202505 320-53800-46200	*	11,082.75
LANDSCAPE MAINT-MAY25
5/01/25 17710	202505 330-53800-48200	*	1,549.00
AMENITY LANDSCAPE-MAY25
5/14/25 17932	202505 320-53800-47300	*	97.40
RPLCD NOZZLES
PRINCE & SONS INC.	13,050.99 000229
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00050	5/01/25 27232	202505 330-53800-48100	*	1,975.00
POOL MAINTENANCE-MAY25
RESORT POOL SERVICES	1,975.00 000230
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/28/25 00063	5/21/25 22449315 202504 310-51300-31100	*	175.00
ENGINEERING SVCS-APR25
DEWBERRY ENGINEERS INC.	175.00 000231
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK C	259,576.22
TOTAL FOR REGISTER	259,576.22

HHRD HOLLY HILL CDD CWRIGHT

Section 2

Holly Hill Road East
Community Development District

Unaudited Financial Reporting
April 30, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund 	

4	
	Series 2017 Debt Service Fund	

5	
	Series 2018 Debt Service Fund	

6	
	Series 2020A3 Debt Service Fund	

7	
	Series 2020A4 Debt Service Fund	

8	
	Combined Capital Project Funds	

9	
	Capital Reserve Fund	

10-11	
	Month to Month	

12-13	
	Long Term Debt Report	

14	
	Assessment Receipt Schedule	
Holly Hill Road East
Community Development District Combined Balance Sheet
April 30, 2025

	General		Debt Service		Capital Projects		Capital Reserve		Totals		
	Fund		Fund		Fund		Fund	Governmental Funds			
Assets:											
Cash:											
Operating Account	$	452,394	$	-	$	-	$	-	$	452,394	
Money Market Account	$	-	$	-	$	-	$	122,832	$	122,832	
Investments:											
Series 2017											
Reserve	$	-	$	113,777	$	-	$	-	$	113,777	
Revenue	$	-	$	315,551	$	-	$	-	$	315,551	
Prepayment	$	-	$	743	$	-	$	-	$	743	
Redemption	$	-	$	204	$	-	$	-	$	204	
Series 2018											
Reserve	$	-	$	61,656	$	-	$	-	$	61,656	
Revenue	$	-	$	168,328	$	-	$	-	$	168,328	
Prepayment	$	-	$	273	$	-	$	-	$	273	
Construction	$	-	$	-	$	57	$	-	$	57	
Series 2020 A3											
Reserve	$	-	$	122,109	$	-	$	-	$	122,109	
Revenue	$	-	$	276,471	$	-	$	-	$	276,471	
Project Rating Agency	$	-	$	-	$	22,476	$	-	$	22,476	
Series 2020 A4											
Reserve	$	-	$	95,700	$	-	$	-	$	95,700	
Revenue	$	-	$	222,568	$	-	$	-	$	222,568	
Deposits	$	1,160	$	-	$	-	$	-	$	1,160	
Due from General Fund	$	-	$	8,040	$	-	$	-	$	8,040	
Prepaid Expenses	$	1,293	$	-	$	-	$	-	$	1,293	
Total Assets	$	454,847	$	1,385,419	$	22,533	$	122,832	$	1,985,632	
Liabilities:											
Accounts Payable	$	13,358	$	-	$	-	$	-	$	13,358	
Due to Debt Service	$	8,040	$	-	$	-	$	-	$	8,040	
Total Liabilites	$	21,398	$	-	$	-	$	-	$	21,398	
Fund Balance:											
Nonspendable:											
Deposits & Prepaid Items	$	2,453	$	-	$	-	$	-	$	2,453	
Restricted for:											
Debt Service - Series 2017	$	-	$	432,632	$	-	$	-	$	432,632	
Debt Service - Series 2018	$	-	$	231,529	$	-	$	-	$	231,529	
Debt Service - Series 2020 A3	$	-	$	401,026	$	-	$	-	$	401,026	
Debt Service - Series 2020 A4	$	-	$	320,233	$	-	$	-	$	320,233	
Capital Projects	$	-	$	-	$	22,533	$	-	$	22,533	
Unassigned	$	430,996	$	-	$	-	$	122,832	$	553,828	
Total Fund Balances	$	433,449	$	1,385,419	$	22,533	$	122,832	$	1,964,233	
											
Total Liabilities & Fund Balance	$	454,847	$	1,385,419	$	22,533	$	122,832	$	1,985,632	

Revenues:

Assessments - Tax Roll	$	565,628	$	562,427	$	562,427	$	-	
Inta-Governmental Revenue	$	92,509	$	-	$	-	$	-	
Other Income	$	-	$	-	$	150	$	150	
Total Revenues	$	658,137	$	562,427	$	562,577	$	150	

Expenditures:									
General & Administrative
Supervisor Fees	

$	

12,000	

$	

7,000	

$	

4,800	

$	

2,200	
FICA Expenses	$	-	$	-	$	275	$	(275)	
Engineering Fees	$	10,000	$	5,833	$	1,360	$	4,473	
Legal Services	$	25,000	$	14,583	$	22,226	$	(7,643)	
Arbitrage	$	1,800	$	900	$	900	$	-	
Dissemination	$	7,200	$	4,200	$	4,200	$	-	
Assessment Administration	$	5,565	$	5,565	$	5,565	$	-	
Annual Audit	$	4,100	$	-	$	-	$	-	
Trustee Fees	$	15,839	$	14,829	$	14,829	$	-	
Management Fees	$	45,000	$	26,250	$	26,250	$	-	
Information Technology	$	1,890	$	1,103	$	1,103	$	-	
Website Maintenance	$	1,260	$	735	$	735	$	-	
Telephone	$	100	$	58	$	-	$	58	
Postage & Delivery	$	750	$	438	$	594	$	(156)	
Copies	$	1,000	$	583	$	83	$	501	
Office Supplies	$	200	$	117	$	2	$	115	
Insurance	$	7,127	$	7,127	$	6,631	$	496	
Legal Advertising	$	2,500	$	1,458	$	1,542	$	(84)	
Contingency	$	1,200	$	700	$	758	$	(58)	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	142,706	$	91,654	$	92,028	$	(374)	

Operations & Maintenance

Field Expenditures Field Management Electric Streetlighting Property Insurance
Landscape Maintenance Landscape Contingency Irrigation Repairs
Sidewalk Repairs & Maintenance General Repairs & Maintenance Contingency

$	20,000	$
$	10,000	$
$	46,200	$
$	9,327	$
$	142,593	$
$	22,000	$
$	7,500	$
$	5,000	$
$	17,500	$
$	10,000	$

11,667	$
5,833	$
26,950	$
9,327	$
83,179	$
12,833	$
4,375	$
2,917	$
17,500	$
5,833	$

11,667	$
4,873	$
22,451	$
5,773	$
77,579	$
14,790	$
1,958	$
-	$
49,686	$
3,599	$

(0)
960
4,499
3,554
5,600
(1,957)
2,417
2,917
(32,186)
2,235

Amenity Expenditures Property Insurance Amenity Landscaping
Amenity Landscape Replacement Electric
Water Internet
Janitorial Services Pest Control
Amenity Access Management Security Services
Amenity Repairs & Maintenance Pool Maintenance
Playground Lease Contingency

$	17,864	$
$	18,588	$
$	13,000	$
$	23,760	$
$	680	$
$	2,376	$
$	16,900	$
$	840	$
$	6,300	$
$	33,886	$
$	19,800	$
$	23,700	$
$	52,129	$
$	12,031	$

17,864	$
10,843	$
7,583	$
13,860	$
397	$
1,386	$
9,858	$
490	$
3,675	$
19,767	$
11,550	$
13,825	$
30,409	$
7,018	$

14,134	$
10,843	$
-	$
11,278	$
369	$
1,260	$
8,907	$
503	$
3,675	$
12,830	$
2,525	$
14,275	$
9,635	$
11,841	$

3,730
- 7,583
2,582
28
126
952
(13)
- 6,937
9,025
(450)
20,774
(4,823)

Other Financing Sources/(Uses):

Transfer Out - Capital Reserve
$	(58,400)	$
-	$	-	$	-

	Adopted	Prorated Budget		Actual					
		Budget	Thru 04/30/25	Thru 04/30/25		Variance			

Revenues:									
Assessments - Tax Roll	$	229,722	$	228,421	$	228,421	$	-	
Interest	$	6,501	$	3,792	$	6,799	$	3,007	
Total Revenues	$	236,223	$	232,213	$	235,221	$	3,007	

Expenditures:									
Interest - 11/1	$	76,016	$	76,016	$	76,016	$	-	
Principal - 5/1	$	75,000	$	-	$	-	$	-	
Interest - 5/1	$	76,016	$	-	$	-	$	-	
Total Expenditures	$	227,033	$	76,016	$	76,016	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	9,190			$	159,204			
									
Fund Balance - Beginning	$	157,351			$	273,428			
									
Fund Balance - Ending	$	166,542			$	432,632			

		Adopted	Prorated Budget		Actual				
		Budget	Thru 04/30/25	Thru 04/30/25		Variance			

Revenues:									
Assessments - Tax Roll	$	123,938	$	123,236	$	123,236	$	-	
Interest	$	3,489	$	2,035	$	3,636	$	1,600	
Total Revenues	$	127,427	$	125,272	$	126,872	$	1,600	

Expenditures:									
Interest - 11/1	$	42,719	$	42,719	$	42,719	$	-	
Principal - 5/1	$	35,000	$	-	$	-	$	-	
Interest - 5/1	$	42,719	$	-	$	-	$	-	
Total Expenditures	$	120,438	$	42,719	$	42,719	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	6,990			$	84,153			
									
Fund Balance - Beginning	$	84,472			$	147,376			
									
Fund Balance - Ending	$	91,462			$	231,529			

Revenues:

Assessments - Tax Roll	$	238,365	$	237,015	$	237,015	$	-	
Interest	$	6,166	$	3,756	$	6,439	$	2,683	
Total Revenues	$	244,532	$	240,771	$	243,454	$	2,683	

Expenditures:									
Interest - 11/1	$	85,000	$	85,000	$	85,000	$	-	
Principal - 11/1	$	65,000	$	65,000	$	65,000	$	-	
Interest - 5/1	$	83,700	$	-	$	-	$	-	
Total Expenditures	$	233,700	$	150,000	$	150,000	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	10,832			$	93,454			
									
Fund Balance - Beginning	$	184,378			$	307,572			
									
Fund Balance - Ending	$	195,210			$	401,026			

Revenues:

Assessments - Tax Roll	$	191,400	$	190,316	$	190,316	$	-	
Interest	$	4,519	$	2,636	$	4,677	$	2,041	
Total Revenues	$	195,918	$	192,952	$	194,993	$	2,041	

Expenditures:									
Interest - 11/1	$	61,200	$	61,200	$	61,200	$	-	
Principal - 5/1	$	70,000	$	-	$	-	$	-	
Interest - 5/1	$	61,200	$	-	$	-	$	-	
Total Expenditures	$	192,400	$	61,200	$	61,200	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	3,518			$	133,793			
									
Fund Balance - Beginning	$	88,897			$	186,440			
									
Fund Balance - Ending	$	92,416			$	320,233			

	Series	Series	Series		
	2018	2020 A3	2020 A4	Total	
Revenues

Interest	

$	1	

$	543	

$	-	

$	544	
Total Revenues	$	1	$	543	$	-	$	544	

Expenditures:

Capital Outlay	

$	-	

$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1	$	543	$	-	$	544	
					
Net Change in Fund Balance	$	1	$	543	$	-	$	544	
					
Fund Balance - Beginning	$	56	$	21,933	$	0	$	21,989	
					
Fund Balance - Ending	$	57	$	22,476	$	0	$	22,533	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:

Interest	

$	1,235	

$	1,235	

$	2,778	

$	1,543	
Total Revenues	$	1,235	$	1,235	$	2,778	$	1,543	

Expenditures:

Capital Outlay	

$	-	

$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,235		$	2,778		

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	58,400	

$	-	

$	-	

$	-	
Total Other Financing Sources/(Uses)	$	58,400	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	59,635		$	2,778		
					
Fund Balance - Beginning	$	119,506		$	120,054		
					
Fund Balance - Ending	$	179,141		$	122,832		

Revenues:

Assessments - Tax Roll
Inta-Governmental Revenue Other Income	$	-
$	-
$	-	$	13,372
$	-
$	90	$	538,513
$	-
$	-	$	4,160
$	-
$	30	$	1,826
$	-
$	-	$	-
$	-
$	30	$	4,556
$	-
$	-	$	-
$	-
$	-	$	-
$	-
$	-	$	-
$	-
$	-	$	-
$	-
$	-	$	-
$	-
$	-	$	562,427
$	-
$	150	
Total Revenues	$	-	$	13,462	$	538,513	$	4,190	$	1,826	$	30	$	4,556	$	-	$	-	$	-	$	-	$	-	$	562,577	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	1,200	$	-	$	-	$	1,800	$	800	$	1,000	$	-  $	-  $	-  $	-  $	-  $	4,800						
FICA Expenses	$	-	$	-	$	-	$	-	$	138	$	61	$	77	$	-  $	-  $	-  $	-  $	-  $	275						
Engineering Fees	$	-	$	-	$	-	$	263	$	115	$	808	$	175	$	-  $	-  $	-  $	-  $	-  $	1,360						
Legal Services	$	1,220	$	4,236	$	794	$	2,484	$	4,485	$	5,337	$	3,672	$	-  $	-  $	-  $	-  $	-  $	22,226						
Arbitrage	$	-	$	900	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	900						
Dissemination	$	600	$	600	$	600	$	600	$	600	$	600	$	600	$	-  $	-  $	-  $	-  $	-  $	4,200						
Assessment Administration	$	5,565	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	5,565						
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-						
Trustee Fees	$	4,323	$	-	$	6,465	$	-	$	4,041	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	14,829						
Management Fees	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	-  $	-  $	-  $	-  $	-  $	26,250						
Information Technology	$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	1,103						
Website Maintenance	$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	735						
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-						
Postage & Delivery	$	137	$	47	$	102	$	224	$	13	$	59	$	12	$	-  $	-  $	-  $	-  $	-  $	594						
Copies	$	-	$	-	$	4	$	23	$	44	$	5	$	7	$	-  $	-  $	-  $	-  $	-  $	83						
Office Supplies	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	2						
Insurance	$	6,631	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	6,631						
Legal Advertising	$	959	$	-	$	-	$	-	$	-	$	309	$	275	$	-  $	-  $	-  $	-  $	-  $	1,542						
Contingency	$	106	$	106	$	106	$	106	$	111	$	111	$	111	$	-  $	-  $	-  $	-  $	-  $	758						
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175						
Total General & Administrative	$	23,729	$	11,102	$	12,084	$	7,712	$	15,358	$	12,102	$	9,941	$	-  $	-  $	-  $	-  $	-  $	92,028						

Operations & Maintenance									
Field Expenditures
Field Management	

$	1,667	

$	1,667	

$	1,667	

$	1,667	

$	1,667	

$	1,667	

$	1,667	

$	-  $	-  $	-  $	-  $	-  $	11,667	
Electric	$	695	$	627	$	599	$	731	$	779	$	709	$	733	$	-  $	-  $	-  $	-  $	-  $	4,873	
Streetlighting	$	4,183	$	2,203	$	3,193	$	3,193	$	3,199	$	3,199	$	3,282	$	-  $	-  $	-  $	-  $	-  $	22,451	
Property Insurance	$	5,773	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	5,773	
Landscape Maintenance	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	-  $	-  $	-  $	-  $	-  $	77,579	
Landscape Contingency	$	-	$	-	$	-	$	550	$	-	$	-	$	14,240	$	-  $	-  $	-  $	-  $	-  $	14,790	
Irrigation Repairs	$	736	$	83	$	348	$	266	$	318	$	207	$	-	$	-  $	-  $	-  $	-  $	-  $	1,958	
Sidewalk Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
General Repairs & Maintenance	$	3,482	$	2,078	$	9,274	$	500	$	8,782	$	22,765	$	2,805	$	-  $	-  $	-  $	-  $	-  $	49,686	
Contingency	$	-	$	-	$	3,499	$	-	$	100	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	3,599	
Subtotal Field Expenditures	$	27,618	$	17,741	$	29,661	$	17,989	$	25,927	$	39,630	$	33,809	$	-  $	-  $	-  $	-  $	-  $	192,375	

Amenity Expenditures
Property Insurance	

$	14,134	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-  $	14,134	
Amenity Landscaping	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	-  $	-  $	-  $	-  $	-  $	10,843	
Amenity Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Electric	$	1,650	$	1,588	$	1,473	$	1,550	$	1,694	$	1,577	$	1,745	$	-  $	-  $	-  $	-  $	-  $	11,278	
Water	$	65	$	52	$	48	$	48	$	46	$	53	$	56	$	-  $	-  $	-  $	-  $	-  $	369	
Internet	$	180	$	-	$	360	$	180	$	-	$	360	$	180	$	-  $	-  $	-  $	-  $	-  $	1,260	
Janitorial Services	$	770	$	1,797	$	1,240	$	1,220	$	1,255	$	1,330	$	1,295	$	-  $	-  $	-  $	-  $	-  $	8,907	
Pest Control	$	65	$	65	$	65	$	77	$	77	$	77	$	77	$	-  $	-  $	-  $	-  $	-  $	503	
Amenity Access Management	$	525	$	525	$	525	$	525	$	525	$	525	$	525	$	-  $	-  $	-  $	-  $	-  $	3,675	
Security Services	$	1,736	$	2,479	$	1,938	$	1,723	$	1,723	$	3,230	$	-	$	-  $	-  $	-  $	-  $	-  $	12,830	
Amenity Repairs & Maintenance	$	357	$	433	$	1,100	$	-	$	200	$	-	$	435	$	-  $	-  $	-  $	-  $	-  $	2,525	
Pool Maintenance	$	2,425	$	1,975	$	1,975	$	1,975	$	1,975	$	1,975	$	1,975	$	-  $	-  $	-  $	-  $	-  $	14,275	
Playground Lease	$	1,376	$	1,376	$	1,376	$	1,376	$	1,376	$	1,376	$	1,376	$	-  $	-  $	-  $	-  $	-  $	9,635	
Contingency	$	-	$	-	$	2,140	$	-	$	-	$	5,901	$	3,800	$	-  $	-  $	-  $	-  $	-  $	11,841	
Subtotal Amenity Expenditures	$	24,832	$	11,840	$	13,790	$	10,223	$	10,421	$	17,954	$	13,014	$	-  $	-  $	-  $	-  $	-  $	102,074	
									
Total Operations & Maintenance	$	52,450	$	29,580	$	43,451	$	28,213	$	36,348	$	57,583	$	46,823	$	-  $	-  $	-  $	-  $	-  $	294,449	
									
Total Expenditures	$	76,179	$	40,682	$	55,535	$	35,925	$	51,706	$	69,686	$	56,764	$	-  $	-  $	-  $	-  $	-  $	386,477	
									
Excess (Deficiency) of Revenues over Expenditures	$	(76,179)	$	(27,220)	$	482,978	$	(31,735)	$	(49,881)	$	(69,656)	$	(52,208)	$	-  $	-  $	-  $	-  $	-  $	176,100	

Other Financing Sources/Uses:									
Transfer Out - Capital Reserve	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
									
Net Change in Fund Balance	$	(76,179)	$	(27,220)	$	482,978	$	(31,735)	$	(49,881)	$	(69,656)	$	(52,208)	$	-  $	-  $	-  $	-  $	-  $	176,100	
Holly Hill Road East
Community Development District Long Term Debt Report

Series 2017, Special Assessment Revenue Bonds			
Interest Rate:	3.5%, 4.1%, 4.625%, 5.0%		
Maturity Date:
Reserve Fund Definition Reserve Fund Requirement	5/1/48
50% of the Maximum Annual Debt service
$113,777		
Reserve Fund Balance	$113,777		
Bonds Outstanding 10/19/2017		$4,160,000	
Less: Special Call 6/18/18		($150,000)	
Less: Special Call 8/1/18		($420,000)	
Less: Special Call 11/1/18		($15,000)	
Less: Principal Payment 5/1/19		($60,000)	
Less: Principal Payment 5/1/20		($60,000)	
Less: Special Call 11/1/20		($5,000)	
Less: Principal Payment 5/1/21		($65,000)	
Less: Principal Payment 5/1/22		($65,000)	
Less: Principal Payment 5/1/23		($70,000)	
Less: Principal Payment 5/1/24		($70,000)	
Current Bonds Outstanding		$3,180,000	

Series 2018, Special Assessment Revenue Bonds		
Interest Rate:	4.25%, 5.0%, 5.25%	
Maturity Date:	5/1/48	
Reserve Fund Definition	50% of the Maximum Annual Debt Service	
Reserve Fund Requirement	$61,656	
Reserve Fund Balance	$61,656	
Bonds Outstanding 10/19/2018	$2,800,000	
Less: Special Call 8/1/19	($930,000)	
Less: Special Call 11/1/19	($35,000)	
Less: Principal Payment 5/1/20	($30,000)	
Less: Special Call 11/1/20	($5,000)	
Less: Principal Payment 5/1/21	($30,000)	
Less: Special Call 11/1/21	($5,000)	
Less: Principal Payment 5/1/22	($30,000)	
Less: Special Call 5/1/22	($5,000)	
Less: Special Call 11/1/22	($5,000)	
Less: Principal Payment 5/1/23	($35,000)	
Less: Principal Payment 5/1/24	($35,000)	
Current Bonds Outstanding	$1,655,000	
Holly Hill Road East
Community Development District Long Term Debt Report

Series 2020 Assessment Area 3, Special Assessment Revenue Bonds		
Interest Rate:	4.0%, 4.5% 5.0%, 5.0%	
Maturity Date:	11/1/50	
Reserve Fund Definition	50% of the Maximum Annual Debt Service	
Reserve Fund Requirement	$119,125	
Reserve Fund Balance	$122,109	
Bonds Outstanding 5/20/20	$3,660,000	
Less: Principal Payment 11/1/21	($60,000)	
Less: Principal Payment 11/1/22	($60,000)	
Less: Principal Payment 11/1/23	($65,000)	
Less: Principal Payment 11/1/24	($65,000)	
Current Bonds Outstanding	$3,410,000	

Series 2020 Assessment Area 4, Special Assessment Revenue Bonds		
Interest Rate:	3.0%, 3.5%, 4.0%, 4.0%	
Maturity Date:	5/1/51	
Reserve Fund Definition	50% of the Maximum Annual Debt Service	
Reserve Fund Requirement	$95,700	
Reserve Fund Balance	$95,700	
Bonds Outstanding 7/22/20	$3,325,000	
Less: Principal Payment 5/1/22	($60,000)	
Less: Principal Payment 5/1/23	($65,000)	
Less: Principal Payment 5/1/24	($65,000)	
Current Bonds Outstanding	$3,135,000	
Holly Hill Road East CDD
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments	$	608,205.44	$	247,013.40	$	133,267.00	$	256,306.96	$	205,806.28	$	1,450,599.08	
Net Assessments	$	565,631.06	$	229,722.46	$	123,938.31	$	238,365.47	$	191,399.84	$	1,349,057.14	

41.93%	17.03%	9.19%	17.67%	14.19%	100.00%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
General Fund	
2017 Debt Service	
2018 Debt Service	
2020 A3 Debt Service	
2020 A4 Debt Service	
Total	

11/13/24	
10/21/24	
$4,546.44	
($238.71)	
($86.15)	
$0.00	
$4,221.58	
$1,770.02	
$718.87	
$387.84	
$745.91	
$598.94	
$4,221.58	
11/15/24	10/01-10/31/24	$2,179.33	($87.17)	($41.84)	$0.00	$2,050.32	$859.66	$349.14	$188.36	$362.27	$290.89	$2,050.32	
11/19/24	11/01-11/07/24	$16,609.28	($664.44)	($318.90)	$0.00	$15,625.94	$6,551.63	$2,660.84	$1,435.56	$2,760.95	$2,216.96	$15,625.94	
11/26/24	11/08-11/15/24	$26,042.07	($1,041.68)	($500.01)	$0.00	$24,500.38	$10,272.49	$4,172.02	$2,250.86	$4,328.98	$3,476.03	$24,500.38	
11/30/24	1% ADJ	($14,505.99)	$0.00	$0.00	$0.00	($14,505.99)	($6,082.06)	($2,470.13)	($1,332.67)	($2,563.07)	($2,058.06)	($14,505.99)	
12/06/24	11/16-11/26/24	$94,640.08	($3,785.69)	($1,817.09)	$0.00	$89,037.30	$37,331.45	$15,161.60	$8,179.89	$15,732.04	$12,632.32	$89,037.30	
12/20/24	11/27-11/30/24	$1,262,462.17	($50,498.11)	($24,239.28)	$0.00	$1,187,724.78	$497,987.82	$202,250.19	$109,116.65	$209,859.59	$168,510.53	$1,187,724.78	
12/27/24	12/1-12/15/24	$8,060.01	($286.61)	($155.47)	$0.00	$7,617.93	$3,194.03	$1,297.21	$699.86	$1,346.02	$1,080.81	$7,617.93	
01/10/25	12/16-12/31/24	$10,437.28	($313.12)	($202.48)	$0.00	$9,921.68	$4,159.95	$1,689.50	$911.50	$1,753.07	$1,407.66	$9,921.68	
2/3/25	10/1-12/31/24	$0.00	$0.00	$0.00	$2,071.86	$2,071.86	$868.69	$352.80	$190.34	$366.08	$293.95	$2,071.86	
02/10/25	1/1-1/31/25	$2,376.76	($47.53)	($46.58)	$0.00	$2,282.65	$957.07	$388.70	$209.71	$403.32	$323.85	$2,282.65	
04/11/25	3/1-3/31/25	$11,066.75	$0.00	($221.34)	$0.00	$10,845.41	$4,547.25	$1,846.80	$996.37	$1,916.28	$1,538.71	$10,845.41	
04/30/25	1/1-3/31/25	$0.00	$0.00	$0.00	$22.06	$22.06	$9.24	$3.76	$2.03	$3.90	$3.13	$22.06	

Section 3
BOARD OF SUPERVISORS MEETING AND WORKSHOP DATES HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
The Board of Supervisors of the Holly Hill Road East Community Development District (“District”) will hold their regular meetings for Fiscal Year 2025/2026 (beginning October 1, 2025, and ending September 30, 2026) at the Lake Alfred Public Library, 245 N. Seminole Ave, Lake Alfred, FL 33850 at 11:00 a.m. on the 2nd Tuesday of each month, unless otherwise indicated, for the purpose of considering any business that may come before the Board on the following dates:

October 14, 2025
November 11, 2025
December 9, 2025
January 13, 2026
February 10, 2026
March 10, 2026
April 14, 2026
May 12, 2026
June 9, 2026
July 14, 2026
August 11, 2026
September 8, 2026

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 and workshops 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 by contacting the District Office, Governmental Management Services – Central Florida, LLC, by mail at 219 East Livingston Street, Orlando, FL 32801, or by phone at (407) 841-5524, or by visiting the District’s website: https://hollyhillroadeastdcdd.com/.

There may be occasions when one or more Board supervisors or staff will participate by speaker telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at any meeting or workshop because of a disability or physical impairment should contact the District Office at 813-533-2950 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 a 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.

Tricia L. Adams District Manager

Section 4
Docusign Envelope ID: C7559CB0-AF7C-4A74-A17C-149B4F7D4C91

Memorandum

To: Board of Supervisors From: District Management Date: August 13, 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

Holly Hill Road East 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:	

Print Name:
Date:
2024-08-16
Adam Morgan
Holly Hill Road East Community Development District

District Manager:	

Print Name:
Date:
2024-08-16
Tricia Adams

Holly Hill Road East Community Development District

Section B
Holly Hill Road East Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2025 – September 30, 2026

 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:	 
Holly Hill Road East Community Development District

District Manager:		Date:	 Print Name:	 
Holly Hill Road East Community Development District

Section 5

April 15, 2025

Iman Sakalla - Recording Secretary Holly Hill Road East CDD Office 219 E. Livingston Street
Orlando, Florida 32801-1508

RE: Holly Hill Road East Community Development District Registered Voters

Dear Ms. Sakalla,

In response to your request, there are currently 896 voters within the Holly Hill Road East Community Development District. This number of registered voters in said District is as of April 15, 2025.

Please do not hesitate to contact us ifwe can be of further assistance.

Sincerely,

Ill?'in.?
Melony M. Bell Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 • Phone: (863) 534-5888
PolkElections.gov

Para asistencia en Espanol, por favor de llamar al (863) 534-5888