Grande Pines Community Development District

Agenda July 21, 2025

Agenda

Grande Pines
Community Development District

July 14, 2025

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

Board of Supervisors Grande Pines
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Grande Pines Community Development District will be held Monday, July 21, 2025 at 10:00 AM at the Offices of GMS-CF, LLC, 219 East Livingston Street, Orlando, Florida 32801. Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Review of Proposals and Tally of Audit Committee Members Rankings
DiBartolomeo, McBee, Hartley & Barnes
Grau & Associates
Adjournment

Board of Supervisors Meeting
Roll Call
Public Comment Period
Approval of Minutes of the April 21, 2025 Board of Supervisors Meeting and Audit Committee Meeting
Acceptance of the Rankings of the Audit Committee Meeting and Authorizing Staff to Send a Notice of Intent to Award
Public Hearing
Consideration of Resolution 2025-07 Adopting the Fiscal Year 2026 Budget and Relating to the Annual Appropriations
Consideration of Resolution 2025-08 Imposing Special Assessments and Certifying an Assessment Roll
Review and Acceptance of Fiscal Year 2024 Audit Report
District Goals and Objectives
Adoption of Fiscal Year 2026 Goals and Objectives
Presentation of Fiscal Year 2025 Goals and Objectives and Authorizing Chair to Execute
Staff Reports
Attorney
Engineer
District Manager’s Report
Check Register
Balance Sheet and Income Statement
Ratification of Series 2024 Requisitions #21-25
Presentation of Series 2021 and 2024 Arbitrage Rebate Calculation Reports
Approval of Fiscal Year 2026 Meeting Dates

Field Manager’s Report
Consideration of Landscape Maintenance Proposal from Exclusive Landscaping
Other Business
Supervisors Requests
Adjournment Sincerely,

Jason Showe District Manager

Audit Committee Meeting

Section III

Section A

Grande Pines Community Development District

Proposer

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	

Grande Pines
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 Grande Pines 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 Grande Pines 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		Grande	Pines Community Development District Prepare	management	letter	and	 other special reports
Exit conference with Grande Pines 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 Grande Pines 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 Grande Pines 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 Grande Pines Community Development District as follows:

September 2025	$ 4,000	
September 2026	$ 4,250	
September 2027	$4,500	
September 2028	$ 4,750	
September 2029	$ 5,000	

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

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Proposal to Provide Financial Auditing Services:
GRANDE PINES
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: May 16, 2025 5:00PM

Submitted to:
Grande Pines
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

May 16, 2025

Grande Pines 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 Grande Pines 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

Our Team

3

Services Provided

Partners

11
Professional Staff

2
Administrative Professionals

9/15
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
&

9
Professional Groups

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

GRAU AND ASSOCIATES COMMUNITY
DEVELOPMENT DISTRICT EXPERIENCE BY MANAGEMENT COMPANY

OTHER
19

PFM
12

WRATHELL
30

GMS
78

INFRAMARK
38

SDS
60

RIZZETTA
47

MERITUS
23

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

“Here at Grau & Associates, staying up to date with the current technological landscape is one of our top priorities. Not only does it provide a more positive experience for our clients, but it also allows us to perform a more effective and efficient audit. With the every changing technology available and utilized by our clients, we are constantly innovating our audit process.”
-	Tony Grau
“Quality audits and exceptional client service are at the heart of every decision we make. Our clients trust us to deliver a quality audit, adhering to high standards and assisting them with improvements for their organization.”
- David Caplivski

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.

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.

Engagement
Partner

CITP Partner

Your
Successful Audit

Audit
Manager

Audit Senior

The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.

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	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	
Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control		

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.

Is the recommendation cost effective?

Is the recommendation the simplest to effectuate in order to correct a problem?

Is the recommendation at the heart of the problem and not just correcting a symptomatic matter?

Is the corrective action taking into account why the deficiency occurred?

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 fees are based on the assumption that the District maintains its current level of operations. Should conditions change or Bonds are issued the fees 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.

73

Current Arbitrage Calculations

We look forward to providing Grande Pines 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.

Grande Pines CDD Auditor 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- $4,000			
DiBartolomeo, McBee, Hartley & Barnes					2026- $4,250
2027- $4,500
2028- $4,750			
					2029- $5,000			
					
2025- $4,000			
					2026- $4,100			
Grau & Associates					2027- $4,200			
					2028- $4,300			
					2029- $4,400			

Board of Supervisors Meeting

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MINUTES OF MEETING GRANDE PINES
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Grande Pines Community Development District was held Monday, April 21, 2025, at 10:42 a.m. at the Offices of GMS-CF, LLC at 219 East Livingston Street, Orlando, Florida 32801.

Present and constituting a quorum:

Achal Aggarwal	Chairman
Linda Kepfer	Vice Chairperson
Maria Perez	Assistant Secretary Also present were:
Jason Showe	District Manager, GMS
Jay Lazarovich	District Counsel, LSEB
Christina Baxter by phone	District Engineer
Jarett Wright	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Showe: The next item is the public comment period, for the purposes of the recording
we’ll note that there’s only members of the Board and staff present today.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Carol Kay Cole, Seat #4
Mr. Showe: We did receive a resignation from Ms. Cole. That resignation was part of your agenda package.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, Accepting the Resignation from Carol Kay Cole, was approved.

Appointment of Individual to Fulfill Board Vacancy in Seat #4 with a Term Ending November 2026
Mr. Showe: Ms. Ernestina Whitney was nominated by the Board to fill the vacancy. Is there a motion to appoint her to Seat #4 with the term ending November 2026?

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, Appointing Ernestina Whitney to Fulfill Board Vacancy in Seat #4 with a Term Ending November 2026, was approved.

Administration of Oth of Office to Newly Appointed Board Member
Mr. Showe: We can reach out to her and make sure she has all the information she needs,
and then we’ll do her oath as soon as we see her next time.

Consideration of Resolution 2025-05 Appointing an Assistant Secretary
Mr. Showe: We can also take Resolution 2025-05, which would appoint Ms. Whitney as an Assistant Secretary.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, Resolution 2025-05 Appointing Ms. Ernestina Whitney as Assistant Secretary, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the December 16,
2024 Meeting
Mr. Showe: We then have your minutes from your December meeting. They were included with your agenda. We can take any corrections or changes at this time or a motion to approve.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the Minutes of the December 16, 2024 Meeting, were approved.

FIFTH ORDER OF BUSINESS	Resolution 2025-06 Approving Proposed
Fiscal Year 2026 Budget and Setting a Public Hearing
Mr. Showe: We’ve got the start of your budget process for 2026. We’ll start with Resolution 2025-06. This will set your budget hearing for July 21st at your regular meeting here at 10:00 a.m. Exhibit A is your proposed budget; we’ve included a draft of that for your review and discussion. This resolution also directs us to transmit this to the city and the county as well as post it to our website. In looking at the budget, we were able to keep assessments level this year so there is no proposed increase in assessments. We’ve tried to keep everything pretty close on your admin side. It’s relatively similar and the same on your field side; we’ve kept it relatively similar. We’ve got some new areas we anticipate coming online this year. We’ve built some additional funding for utilities and landscaping just so that we have some capacity in there for that. Certainly once we get all the areas online, we’ll reevaluate the budget, probably the following year, and see where we’re leveling out at. For now, there’s no assessment increase proposed. I think everything is pretty level. Jarett and I can answer any questions you might have on any of those account lines. Ms. Kepfer: The gate up front, the guardhouse, does any of that need to be budgeted for?
That wasn’t included in 2025’s budget.
Mr. Wright: We have the security line for the contract that’s there for the vendor repairs and a couple other items that we can use. We really aren’t doing much there besides running the contract and then small repairs on the gate on that, and things of that nature, and then only a few years down the road, and they want to bump that up. You can do that and then build it out a little bit. But other than that, we should be fine with what we have right now.
Mr. Showe: Yeah, Jarett and I were looking there, you have some capacity in some other lines. We’ve built some contingencies and we always typically build some things in. There’s some flexibility there. You’re not locked into any of these account lines in particular. We can rotate adjustments as we go through the year, but we really feel like what we have right now is sufficient for the next fiscal year. Obviously once we bring everything online and the whole project complete, we’ll relook at it again.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, Resolution 2025-06 Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing, was approved.

SIXTH ORDER OF BUSINESS	Ratification of Proposal for Cleaning and
Painting Exterior Wooden Fence
Mr. Showe: We did have a request to have the fence painted and cleaned up, so we had that completed. We just wanted to have a ratification of that.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the Proposal for Cleaning and Painting Exterior Wooden Fence, was ratified.

SEVENTH ORDER OF BUSINESS	Appointment of Audit Committee and
Chairman
Mr. Showe: Right after this meeting we’ve advertised for an audit committee meeting to follow. Every three to five years, depending on how you bid out your auditing, you’re required to go through an RFP process with your auditing, just to select a vendor. That process requires us to create an Audit Committee. Typically, our recommendation is that the Board just appoints themselves as the Audit Committee and the Chair of the Board as the Chair of the Audit Committee. It just makes it cleaner, and we can go right into that meeting right after. So, if there is no opposition from the Board, we would just take a motion to appoint the Board as the Audit Committee.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, Appointing the Board of Supervisors as Audit Committee was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
District Counsel
Mr. Lazarovich: Not many major updates this month. At the last meeting, the Board approved an agreement regarding the Series 2024 Bonds and the turnover of those tracts. We’ve since received confirmation from the Engineer that those were ready for turnover. I received updated titles, so I’m just looking through that. I might need a couple of things from the developer. Should wrap that up this month.

District Engineer
Mr. Showe: We’ve got Christy on the phone as the Engineer, any updates on your end,
Christy?
Ms. Baxter: I have nothing to report.

District Manager’s Report
Check Register
Mr. Showe: We will start with the check register. So in your general fund we’ve got checks 297 through 307. For a total of $674,294.57. The vast majority of those transfers come into two kinds of items. We did reimburse the developer for the first quarter operating. We’ll know as we build the budget this year, we believe we have enough for that to for the District to cover itself for this year, so we shouldn’t need any additional funding for that. Additionally, we did transfer some funds to the debt service. As we get assessment revenues in it comes into the general fund and we have to cut ourselves a check to pay that debt service. Other than that, I think all the other expenses are pretty regular expenses of the District but we can certainly answer any questions you have or take a motion to approve.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the Check Register, was approved.

Balance and Income Statement
Mr. Showe: You’ve got your balance sheet and income statement. There’s no action required by the Board. Just looking at General Fund budget to actuals we’re in good shape there. We’re still doing a little better than budget to actuals and then for our assessments, we’re slowly getting those in the nature of your product, those come in a little slower. Behind that we’ve got the ratification of Series 2021 Requisition #34 as well as Series 2024 Requisitions #15 through #20.

Ratification of Series 2021 Requisition #34
Ratification of Series 2024 Requisitions #15-#20
Mr. Showe: We could take those individually or you can make a motion to the Board to just approve all the requisitions.
Mr. Aggarwal: I’ll move to approve all requisitions.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, Requisitions Series 2021 #34 and Requisition Series 2024 #15-#20, were ratified.

Mr. Showe: We got in just recently, actually Friday, the notice from the Supervisor of Elections. Every year we’re required to announce annually the amount of registered voters within your District. As of April 15th, you have one registered voter and the Grande Pines CDD. That doesn’t do anything for the District yet. You have to have 250 to turn over to General Election. We will continue proceeding that way, but we are required to announce that.

Field Managers Report
Mr. Wright: Good morning, everyone. We repaired a couple of the damaged gate arms at the front. A lot of times, it’s just people bump into them really quick, they are designed to pop off whenever they’re hit and sometimes that snaps the LED cords so we have to get new strips. So, the manufacturer doesn’t make the 12-volt versions anymore. We had to switch to the 24 volts. So, you have to have a conversion kit in there. All the systems have been converted though. Now anytime you buy an arm you get a free light strip with it that is 24 volts, so we’re set up for the future there. As we already ratified, the black cattle fence up front was painted because it had a lot of fading from pressure washing and other things like that. So, it was painted just to bring it back up to standard. Now that we have the funds in, we’re starting to schedule all the general maintenance stuff that we do throughout the year. So, pressure washing the front entrance, the curb, the sidewalks there, as well as the walkway, monuments need to be painted and cleaned, so we’re getting that scheduled. Hopefully here in the next 30 days we’ll have all that for the next meeting ready to go. After talking with the insurance company, kind of the general standard right now is to install the wildlife signage at each pond, just a very general warning. They send us all the verbiage that they want the signage to say, so we’re just getting those ordered and we’ll get them put in. For our contract maintenance, the fountains are still being serviced on a quarterly basis and Aquatics are happening every month. We don’t have any issues with major invasive species or algae or anything. That’s going well. Really, the only issue that we continue to have is with United. Sometimes I have to go out there and have to light the fire under them and then they’ll go out there, do a good job for the week that I’ve complained and then immediately have the same issues again the next time around. I know the HOA right now is looking to replace them and I

would suggest considering the same. Right now United, the only benefit is they’re cheap. You’re not having a lot of money going out the door, but you’re getting what you’re paying for with them, unfortunately. So, if the Board is open to it, we can either go out to bid or just work with whoever the HOA is going to have take over their service, get a quote from them. We don’t need a formal bid for this. I know they’re looking at Prince and Sons right now. We do a lot of properties with them. They do a great job; they just have a little higher price.
Ms. Kepfer: The 30 day notice here should have gone out with all that stuff, but they had email issues and it didn’t go out. That should have gone out this past week, but their RFP is out. Whomever is selected by the Board should start June 1st.
Mr. Aggarwal: Yes.
Mr. Showe: Obviously, I think our typical preference is always to have the same vendor there. It gets complicated if there’s multiple vendors kind of servicing the same property. It’s not to say we can’t, but it’s always easier. If you just let us know who you guys select, we can reach out and get a bid and this doesn’t qualify for a formal bid, so, we can just get a proposal from them and again, we deal with a lot of landscapers. So we have a good feel for what a good price should be for the property, what’s the competitive price and what you should get. So obviously, if we get something well in excess of that, we’ll get some other quotes.
Mr. Aggarwal: Sounds good.
Mr. Lazarovich: Did we want a motion from the board to direct us to terminate the agreement effective June 1st, or do we want to wait until they have…
Mr. Aggarwal: I think we should wait.
Mr. Wright: Yes, it was more so getting the process started.
Mr. Showe: And that’s kind of the way Jarett and I kind of built that landscape budget as we did build some extra in there knowing that there may be a change and you’re taking over additional property. So, we hope that it's sufficient for whoever we select.
Ms. Kepfer: The HOA did the same because we kind of anticipated the change for this
year.
Mr. Wright: They did do the multi refresh for the CDD areas and we did just switch the
contract to weekly servicing, so they’re supposed to be addressing all the CDD areas every single week. That was one of the big things we’re having is they’re on site; they’re getting complaints from the HOA. All their focus was on the HOA and they were just forgetting about the CDD when

there’s supposed to be two separate contracts and executed differently, so I think the change in the future is going to help. We’re continuing to monitor progress of the new contracts and everything that are coming online. We’re getting the scopes created, to account for all those new properties coming in, as soon as we are ready for our turnover walk through again, we can set that up and start servicing immediately. Luckily, there’s not much on the CDD side, it’s just ponds and I think that’s basically it, I had some little common areas and things of that nature. But other than that, that’s all I have.

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

TENTH ORDER OF BUSINESS	Supervisors Requests
Mr. Showe: Any other business or Supervisor request at this time?
Mr. Aggarwal: One thing, the exit only gates in the back are now operational. If we can get some signs just to let people know they’re exit only. I think that’s the main thing. She also asked about signs for the gators in the ponds, but it sounds like that’s already taken care of.
Mr. Showe: Yeah, insurance has come through, they’ve had a few incidents throughout the state. So now they’re wanting signage everywhere.
Mr. Aggarwal: And that’s good because there are gators all over.
Mr. Wright: The plan right now is to get the exit only signage and the front entrance signage of residents come here, and guests come here, as well as that. I’ll do a bulk order and you get a discount.
Ms. Kepfer: On the main road, I know I’ve mentioned it in previous meetings that there’s like maybe 3 or 4 dead palm trees. Do you know who we can get a hold of to replace those dead trees?
Mr. Wright: That’s probably the county is what I would guess, but because it’s a high traffic area, they probably want it to look a little better anyway, so we can probably put a request in. We can reach out.
Mr. Showe: We’ll verify ownership and reach out. Anything else from the supervisors? Mr. Aggarwal: No, the community looks good. I know on Friday it looked really good.
DSI is doing a great job. So, yeah, everything’s going great.

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. Showe: Is there a motion to adjourn the meeting?

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING GRANDE PINES
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Grande Pines Community Development District was held Monday, April 21, 2025, at 11:15 a.m. at the Offices of GMS-CF, LLC at 219 East Livingston Street, Orlando, Florida 32801.

Present for the Audit Committee were:

Achal Aggarwal	Chairman
Linda Kepfer	Vice Chairperson
Maria Perez	Assistant Secretary Also present were:
Jason Showe	District Manager, GMS
Jay Lazarovich	District Counsel, LSEB
Christina Baxter by phone	District Engineer
Jarett Wright	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Showe: We’ll open up for public comment and note that we only have members of the Board and staff.

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Mr. Showe: The first thing under your Audit Committee is the approval of the RFP document. The only flexibility that the Audit Committee has is really to include price or exclude price. It is always our recommendation that you include price. Everyone who bids is typically

April 21, 2025	Grande Pines CDD

going to be well qualified. They’ve done these before, they’re familiar. So the price gives you something to differentiate your bids. So again, it’s really up to the committee, but it’s our recommendation to include price. So, we will take a motion at this time if you choose to include price to just approve the selection criteria as presented.
Mr. Aggarwal: I make a motion to approve this criterion as presented.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the Request for Proposals and Selection Criteria, was approved.

Approval of Notice of Request for Proposals for Audit Services
Mr. Showe: Then right behind that you’ve got the notice. This is again mostly statutorily driven so this is kind of what it has to look like. We would just take a motion from the audit committee to approve that notice.

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the Notice of Request for Proposals for Audit Services, was approved.

Public Announcement of Opportunity to Provide Audit Services
Mr. Showe: With that we will go ahead and notice a public announcement that the Grande Pines CDD is requesting audit committee or audit services. Those would be due on May 16th.

FOURTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Aggarwal, seconded by Ms. Kepfer, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

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RESOLUTION 2025-07
THE ANNUAL APPROPRIATION RESOLUTION OF THE GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS 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 Grande Pines Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”) 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 GRANDE PINES 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 Grande Pines 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 2 years.
SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2025/2026, 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	$	
TOTAL DEBT SERVICE FUND – SERIES 2021	$	
TOTAL DEBT SERVICE FUND – SERIES 2024	$	

TOTAL ALL FUNDS	$	
SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2025/2025 or within 60 days following the end of the Fiscal Year 2025/2026 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 5 days after adoption and remain on the website for at least 2 years.
SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 21st DAY OF JULY, 2025.
ATTEST:	GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Exhibit A

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Series 2021 Debt Service Fund	

8-9	

Series 2021 Amortization Schedule	

10	
Series 2024 Debt Service Fund	

11-12	
Series 2024 Amortization Schedule	

13	
Summary Assessment Chart	

	Adopted	Actuals	Projected	Projected	Proposed	

Description	Budget
FY2025	Thru
5/31/25	Next
4 Months	Thru
9/30/25		Budget
FY2026	

Revenues							
Assessments - Tax Roll	$	618,635	$	576,267	$	42,368	$	618,635	$	618,635	
Cost Share Revenue	$	6,242	$	-	$	6,242	$	6,242	$	6,242	
Developer Contributions	$	-	$	6,319	$	-	$	6,319	$	-	
Miscellaneous Revenue	$	-	$	788	$	-	$	788	$	-	
Total Revenues	$  624,877	$	583,374	$	48,610	$	631,984	$	624,877	

Expenditures							
Administrative
Supervisor Fees	
$	12,000	
$	2,000	
$	2,400	
$	4,400	
$	
12,000	
FICA Expense	$	918	$	153	$	184	$	337	$	918	
Engineering	$	12,000	$	431	$	4,000	$	4,431	$	12,000	
Attorney	$	25,000	$	5,118	$	12,500	$	17,618	$	25,000	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Annual Audit	$	6,000	$	6,700	$	-	$	6,700	$	6,000	
Dissemination Fees	$	7,000	$	4,667	$	2,333	$	7,000	$	7,210	
Trustee Fees	$	8,200	$	6,164	$	2,036	$	8,200	$	9,020	
Assessment Administration	$	5,562	$	5,562	$	-	$	5,562	$	5,729	
Management Fees	$	42,500	$	28,333	$	14,167	$	42,500	$	43,775	
Information Technology	$	1,890	$	1,260	$	630	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	840	$	420	$	1,260	$	1,298	
Telephone	$	300	$	-	$	50	$	50	$	300	
Postage	$	200	$	335	$	168	$	503	$	200	
Insurance	$	6,684	$	6,319	$	-	$	6,319	$	7,352	
Printing & Binding	$	350	$	16	$	50	$	66	$	350	
Legal Advertising	$	5,000	$	1,765	$	1,667	$	3,431	$	5,000	
Other Current Charges	$	1,000	$	338	$	172	$	510	$	1,000	
Office Supplies	$	200	$	1	$	50	$	51	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$  137,139	$	70,628	$	41,276	$	111,904	$	140,374	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Field Expenditures						
Field Management	$	15,750	$	10,500	$	5,250	$	15,750	$	16,223	
Security	$	240,000	$	135,940	$	76,376	$	212,316	$  230,000	
Gate Attendants	$	-	$	12,100	$	-	$	12,100	$	-	
Gate Repairs	$	6,000	$	2,415	$	3,000	$	5,415	$	8,500	
Gate Internet, Phone, Cable	$	3,000	$	-	$	1,000	$	1,000	$	3,000	
Gate Cameras	$	1,200	$	-	$	400	$	400	$	1,200	
Gate Supplies	$	1,500	$	-	$	500	$	500	$	-	
Property Insurance	$	2,465	$	-	$	-	$	-	$	2,712	
Electric	$	27,000	$	13,082	$	11,492	$	24,574	$	25,344	
Streetlights	$	60,648	$	-	$	20,216	$	20,216	$	52,000	
Water & Sewer	$	21,740	$	-	$	7,247	$	7,247	$	20,000	
Landscape Maintenance	$	69,900	$	29,325	$	14,664	$	43,989	$	82,000	
Landscape Contingency	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Irrigation Repairs	$	3,000	$	334	$	1,000	$	1,334	$	3,000	
Lake Maintenance	$	12,035	$	6,190	$	2,700	$	8,890	$	15,000	
Pressure Washing	$	6,000	$	-	$	3,000	$	3,000	$	5,790	
Repairs & Maintenance	$	10,000	$	80	$	1,000	$	1,080	$	10,000	
Contingency	$	2,500	$	1,067	$	1,433	$	2,500	$	4,735	
Total Field Expenditures	$  487,738	$	211,035	$	151,777	$	362,812	$ 484,503	
						
Total Expenditures	$  624,877	$	281,662	$	193,054	$	474,716	$ 624,877	
						
Excess Revenues/(Expenditures)	$	-	$	301,711	$  (144,444)	$	157,268	$	-	

Product Type	Assessable Units ERU Value	Total ERU	%	Net Assessments	Gross Assessments		
Single Family - 50'	154	1.00	154	42%	$	259,202.12	$	275,746.94		
Single Family - 70'	62	1.40	87	24%	$	146,095.74	$	155,421.00		
Townhouse	169	0.75	127	34%	$	213,336.81	$	226,954.06		
	385		368	100%	$	618,634.68			
								
		Gross
Assessments- Per	Gross
Assessments- Per	Increase	% Increase			
		Unit FY 26	Unit FY 25	(Decrease) Per Unit	(Decrease)			
$	1,790.56	$	1,790.56	$	0.00	0%		
$	2,506.79	$	2,506.79	$	0.00	0%		
$	1,342.92	$	1,342.92	$	0.00	0%		

Grande Pines Community Development District
General Fund Budget

REVENUES:

Assessments

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

Cost Share Revenue

The district will earn 23% in revenue from PAC Fair Share.

EXPENDITURES:

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. Amount is based on 5 Supervisors attending 5 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer, Poulos & Bennett, 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.

Attorney

The District's legal counsel, Latham, Luna, Eden & Beaudine, 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 will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the proposed bonds.

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 Grau & Associates for these services.

Dissemination Fees

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. Governmental Management Services-Central Florida, LLC, provides these services.

Trustee Fees

The District will pay annual trustee fees for the series 2021 bonds to USBank.

Assessment Administration

The District has 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.

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, 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 services.

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

Mailing of agenda packages, overnight deliveries, correspondence, 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.

Printing & Binding

Represents the cost of printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

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

Field Expenditures:

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Security

Represents the day-to-day staffing and operations management of the gate. It also includes gate attendants and roaming patrol.

Gate Repairs

The cost of repairing and maintain the gate.

Gate Internet, Phone, Cable

Represents the cost of the telephone/fax costs, internet and cable for the mechanical gate arm motors.

Gate Cameras

Represents the cost of the control board and cameras for the mechanical gate arm.

Gate Supplies

Supplies used for the gate

Property Insurance

The District’s estimated property insurance coverages.

Electric

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

Streetlights

Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

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.

Lake Maintenance

Represents the estimated costs of maintaining the lake for the District.

Pressure Washing

Represents the cost of pressure washing for the District.

Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

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

Community Development District Proposed Budget
Debt Service Fund Series 2021

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	383,353	$	356,694	$	26,659	$	383,353	$	383,353	
Interest	$	7,000	$	14,171	$	4,724	$	18,894	$	9,447	
Carry Forward Surplus (1)	$	149,549	$	162,464	$	-	$	162,464	$	171,558	
Total Revenues	$	539,902	$	533,328	$	31,383	$	564,711	$	564,358	

Expenditures						
Interest - 11/1	$	118,938	$	118,938	$	-	$	118,938	$	117,125	
Principal - 5/1	$	145,000	$	145,000	$	-	$	145,000	$	150,000	
Interest - 5/1	$	118,938	$	118,938	$	-	$	118,938	$	117,125	
Total Expenditures	$	382,876	$	382,876	$	-	$	382,876	$	384,250	

Other Financing Sources/(Uses)						

Transfer In/Out	$	-	$	(10,278)	
$	-	
$	(10,278)	
$	-	
Total Other Financing Sources/(Uses)	$	-	$	(10,278)	$	-	$	(10,278)	$	-	

Excess Revenues/(Expenditures)

$	157,026	$	140,175	$	31,383	$	171,558	$	180,108

Interest - 11/1/2026  $	115,250

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - 50'	98	$	208,888.55	$	2,131.52	$	2,267.57	
Single Family - 70'	29	$	86,539.32	$	2,984.11	$	3,174.59	
Townhouse	55	$	87,925.16	$	1,598.64	$	1,700.68	
	182	$	383,353.03			

Date		Balance		Prinicpal		Interest		Total	
									
11/01/25	$	6,205,000.00	$	-	$	117,125.00	$	117,125.00	
05/01/26	$	6,205,000.00	$	150,000.00	$	117,125.00	$	-	
11/01/26	$	6,055,000.00	$	-	$	115,250.00	$	382,375.00	
05/01/27	$	6,055,000.00	$	150,000.00	$	115,250.00	$	-	
11/01/27	$	5,905,000.00	$	-	$	112,850.00	$	378,100.00	
05/01/28	$	5,905,000.00	$	155,000.00	$	112,850.00	$	-	
11/01/28	$	5,750,000.00	$	-	$	110,370.00	$	378,220.00	
05/01/29	$	5,750,000.00	$	160,000.00	$	110,370.00	$	-	
11/01/29	$	5,590,000.00	$	-	$	107,810.00	$	378,180.00	
05/01/30	$	5,590,000.00	$	165,000.00	$	107,810.00	$	-	
11/01/30	$	5,425,000.00	$	-	$	105,170.00	$	377,980.00	
05/01/31	$	5,255,000.00	$	170,000.00	$	105,170.00	$	-	
11/01/31	$	5,255,000.00	$	-	$	102,450.00	$	377,620.00	
05/01/32	$	5,255,000.00	$	180,000.00	$	102,450.00	$	-	
11/01/32	$	5,075,000.00	$	-	$	99,075.00	$	381,525.00	
05/01/33	$	5,075,000.00	$	185,000.00	$	99,075.00	$	-	
11/01/33	$	4,890,000.00	$	-	$	95,606.25	$	379,681.25	
05/01/34	$	4,890,000.00	$	190,000.00	$	95,606.25	$	-	
11/01/34	$	4,700,000.00	$	-	$	92,043.75	$	377,650.00	
05/01/35	$	4,700,000.00	$	200,000.00	$	92,043.75	$	-	
11/01/35	$	4,500,000.00	$	-	$	88,293.75	$	380,337.50	
05/01/36	$	4,500,000.00	$	205,000.00	$	88,293.75	$	-	
11/01/36	$	4,295,000.00	$	-	$	84,450.00	$	377,743.75	
05/01/37	$	4,295,000.00	$	215,000.00	$	84,450.00	$	-	
11/01/37	$	4,080,000.00	$	-	$	80,418.75	$	379,868.75	
05/01/38	$	4,080,000.00	$	225,000.00	$	80,418.75	$	-	
11/01/38	$	3,855,000.00	$	-	$	76,200.00	$	381,618.75	
05/01/39	$	3,855,000.00	$	230,000.00	$	76,200.00	$	-	
11/01/39	$	3,625,000.00	$	-	$	71,887.50	$	378,087.50	
05/01/40	$	3,625,000.00	$	240,000.00	$	71,887.50	$	-	
11/01/40	$	3,385,000.00	$	-	$	67,387.50	$	379,275.00	
05/01/41	$	3,135,000.00	$	250,000.00	$	67,387.50	$	-	
11/01/41	$	3,135,000.00	$	-	$	62,700.00	$	380,087.50	
05/01/42	$	3,135,000.00	$	260,000.00	$	62,700.00	$	-	
11/01/42	$	2,875,000.00	$	-	$	57,500.00	$	380,200.00	
05/01/43	$	2,875,000.00	$	270,000.00	$	57,500.00	$	-	
11/01/43	$	2,605,000.00	$	-	$	52,100.00	$	379,600.00	
05/01/44	$	2,605,000.00	$	280,000.00	$	52,100.00	$	-	
11/01/44	$	2,325,000.00	$	-	$	46,500.00	$	378,600.00	
05/01/45	$	2,325,000.00	$	295,000.00	$	46,500.00	$	-	
11/01/45	$	2,030,000.00	$	-	$	40,600.00	$	382,100.00	

Date		Balance		Prinicpal		Interest		Total	

05/01/46	
$	
2,030,000.00	
$	
305,000.00	
$	
40,600.00	
$	
-	
11/01/46	$	1,725,000.00	$	-	$	34,500.00	$	380,100.00	
05/01/47	$	1,725,000.00	$	315,000.00	$	34,500.00	$	-	
11/01/47	$	1,410,000.00	$	-	$	28,200.00	$	377,700.00	
05/01/48	$	1,410,000.00	$	330,000.00	$	28,200.00	$	-	
11/01/48	$	1,080,000.00	$	-	$	21,600.00	$	379,800.00	
05/01/49	$	1,080,000.00	$	345,000.00	$	21,600.00	$	-	
11/01/49	$	735,000.00	$	-	$	14,700.00	$	381,300.00	
05/01/50	$	735,000.00	$	360,000.00	$	14,700.00	$	-	
11/1/50	$	375,000.00	$	-	$	7,500.00	$	382,200.00	
5/1/51	$	375,000.00	$	375,000.00	$	7,500.00	$	382,500.00	
			$	6,205,000.00	$	3,784,575.00	$	9,989,575.00	

Proposed Budget
Debt Service Fund Series 2024

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	399,845	$	372,869	$	26,976	$	399,845	$	399,845	
Interest	$	-	$	14,144	$	4,715	$	18,859	$	9,429	
Carry Forward Surplus	$	163,630	$	167,708	$	-	$	167,708	$	167,952	
Total Revenues	$	563,475	$	554,721	$	31,691	$	586,412	$	577,226	

Expenditures						
Interest - 11/1	$	192,551	$	158,261	$	-	$	158,261	$	156,285	
Principal - 5/1	$	85,000	$	85,000	$	-	$	85,000	$	85,000	
Interest - 5/1	$	158,261	$	158,261	$	-	$	158,261	$	156,285	
Total Expenditures	$	435,812	$	401,523	$	-	$	401,523	$	397,570	

Other Financing Sources/(Uses)						

Transfer In/Out	$	-	$	(16,938)	
$	-	
$	(16,938)	
$	-	
Total Other Financing Sources/(Uses)	$	-	$	(16,938)	$	-	$	(16,938)	$	-	

Excess Revenues/(Expenditures)

$	127,663	$	136,261	$	31,691	$	167,952	$	179,656

Interest - 11/1/2026  $	154,309

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - 50'	56	$	119,293.13	$	2,130.23	$	2,266.21	
Single Family - 70'	33	$	98,416.83	$	2,982.33	$	3,172.69	
Townhouse	114	$	182,135.04	$	1,597.68	$	1,699.66	
	203	$	399,845.00			

Date		Balance		Prinicpal			Interest		Total	
										
11/01/25	$	5,680,000.00	$		-	$	156,285.00	$	156,285.00	
05/01/26	$	5,680,000.00	$	85,000.00	$	156,285.00			
11/01/26	$	5,595,000.00	$		-	$	154,308.75	$	395,593.75	
05/01/27	$	5,595,000.00	$	90,000.00	$	154,308.75			
11/01/27	$	5,505,000.00	$		-	$	152,216.25	$	396,525.00	
05/01/28	$	5,505,000.00	$	95,000.00	$	152,216.25			
11/01/28	$	5,410,000.00	$		-	$	150,007.50	$	397,223.75	
05/01/29	$	5,410,000.00	$	100,000.00	$	150,007.50			
11/01/29	$	5,310,000.00	$		-	$	147,682.50	$	397,690.00	
05/01/30	$	5,310,000.00	$	105,000.00	$	147,682.50			
11/01/30	$	5,205,000.00	$		-	$	145,241.25	$	397,923.75	
05/01/31	$	5,205,000.00	$	110,000.00	$	145,241.25			
11/01/31	$	4,735,000.00	$		-	$	142,683.75	$	397,925.00	
05/01/32	$	4,735,000.00	$	115,000.00	$	142,683.75			
11/01/32	$	4,735,000.00	$		-	$	140,010.00	$	397,693.75	
05/01/33	$	4,735,000.00	$	120,000.00	$	140,010.00			
11/01/33	$	4,735,000.00	$		-	$	137,220.00	$	397,230.00	
05/01/34	$	4,735,000.00	$	125,000.00	$	137,220.00			
11/01/34	$	4,735,000.00	$		-	$	134,313.75	$	396,533.75	
05/01/35	$	4,735,000.00	$	130,000.00	$	134,313.75			
11/01/35	$	4,605,000.00	$		-	$	130,771.25	$	395,085.00	
05/01/36	$	4,605,000.00	$	140,000.00	$	130,771.25			
11/01/36	$	4,465,000.00	$		-	$	126,956.25	$	397,727.50	
05/01/37	$	4,465,000.00	$	150,000.00	$	126,956.25			
11/01/37	$	4,315,000.00	$		-	$	122,868.75	$	399,825.00	
05/01/38	$	4,315,000.00	$	155,000.00	$	122,868.75			
11/01/38	$	4,160,000.00	$		-	$	118,645.00	$	396,513.75	
05/01/39	$	4,160,000.00	$	165,000.00	$	118,645.00			
11/01/39	$	3,995,000.00	$		-	$	114,148.75	$	397,793.75	
05/01/40	$	3,995,000.00	$	175,000.00	$	114,148.75			
11/01/40	$	3,820,000.00	$		-	$	109,380.00	$	398,528.75	
05/01/41	$	3,820,000.00	$	185,000.00	$	109,380.00			
11/01/41	$	3,440,000.00	$		-	$	104,338.75	$	398,718.75	
05/01/42	$	3,020,000.00	$	195,000.00	$	104,338.75			
11/01/42	$	3,020,000.00	$		-	$	99,025.00	$	398,363.75	
05/01/43	$	3,020,000.00	$	205,000.00	$	99,025.00			
11/01/43	$	3,020,000.00	$		-	$	93,438.75	$	397,463.75	
05/01/44	$	3,020,000.00	$	215,000.00	$	93,438.75			
11/01/44	$	3,020,000.00	$		-	$	87,580.00	$	396,018.75	
05/01/45	$	3,020,000.00	$	230,000.00	$	87,580.00			
11/01/45	$	2,790,000.00	$		-	$	80,910.00	$	398,490.00	
05/01/46	$	2,790,000.00	$	245,000.00	$	80,910.00			
11/01/46	$	2,545,000.00	$		-	$	73,805.00	$	399,715.00	

Date		Balance		Prinicpal		Interest		Total	
05/01/47	$	2,545,000.00	$	255,000.00	$	73,805.00			
11/01/47	$	2,290,000.00	$	-	$	66,410.00	$	395,215.00	
05/01/48	$	2,290,000.00	$	275,000.00	$	66,410.00			
11/01/48	$	2,015,000.00	$	-	$	58,435.00	$	399,845.00	
05/01/49	$	2,015,000.00	$	290,000.00	$	58,435.00			
11/01/49	$	1,725,000.00	$	-	$	50,025.00	$	398,460.00	
05/01/50	$	1,725,000.00	$	305,000.00	$	50,025.00	$	-	
11/01/50	$	1,420,000.00	$	-	$	41,180.00	$	396,205.00	
05/01/51	$	1,420,000.00	$	325,000.00	$	41,180.00	$	-	
11/01/51	$	1,095,000.00	$	-	$	31,755.00	$	397,935.00	
05/01/52	$	1,095,000.00	$	345,000.00	$	31,755.00	$	-	
11/01/52	$	750,000.00	$	-	$	21,750.00	$	398,505.00	
05/01/53	$	750,000.00	$	365,000.00	$	21,750.00	$	-	
11/01/53	$	385,000.00	$	-	$	11,165.00	$	397,915.00	
05/01/54	$	385,000.00	$	385,000.00	$	11,165.00	$	396,165.00	
			$	5,680,000.00	$	6,039,402.44	$	11,685,112.50	

Grande Pines
Community Development District Summary Assessment Chart

Product Type	

Assessable Units	
O&M Gross
Assessments- Per Unit	Series 2021 Debt - Gross Assessments- Per
Unit	
Total Gross Annual Assessment Per Unit	
Townhouse	55	$1,234.38	$1,700.68	$2,935.06	
Single Family - 50'	98	$1,645.85	$2,267.57	$3,913.42	
Single Family - 70'	29	$2,304.18	$3,174.59	$5,478.77	
	182	$	5,184			

Product Type	

Assessable Units	
O&M Gross
Assessments- Per Unit	Series 2024 Debt - Gross Assessments- Per
Unit	
Total Gross Annual Assessment Per Unit	
Townhouse	114	$1,234.38	$1,699.66	$2,934.04	
Single Family - 50'	56	$1,645.85	$2,266.21	$3,912.05	
Single Family - 70'	33	$2,304.18	$3,172.69	$5,476.87	
	203				

!!"#$%& "

RESOLUTION 2025-08
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2025/2026; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Grande Pines 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 Orange 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 2025/2026”), attached hereto as Exhibit “A;” 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 2025/2026; 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 (“Assessment Roll”) attached to this Resolution as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion 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 GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BENEFIT & ALLOCATION FINDINGS. 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 is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable.
SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 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 and Enforcement; Penalties; Interest.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect

Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2025; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2025, 25% due no later than February 1, 2026 and 25% due no later than May 1, 2026. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2025/2026, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. 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 for collection. That portion of the Assessment Roll which includes the Tax Roll Property 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 21st DAY OF JULY, 2025.
ATTEST:	GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Exhibit B

Grande Pines CDD
FY 26 Assessment Roll

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664100010	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100020	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100030	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100040	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100050	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100060	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100070	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100080	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100090	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100100	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100110	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100120	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100130	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100140	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100150	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100160	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100170	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100180	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100190	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100200	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100210	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100220	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100230	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100240	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100250	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100260	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100270	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100280	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100290	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100300	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100310	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100320	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100330	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100340	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100350	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100360	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100370	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100380	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100390	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100400	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100410	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100420	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100430	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100440	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100450	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100460	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100470	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100480	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100490	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100500	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100510	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664100520	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100530	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100540	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100550	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100560	1	50'	$1,790.56	$2,267.57		$4,058.13	

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664100570	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100580	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100590	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100600	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100610	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100620	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100630	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100640	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100650	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100660	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100670	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100680	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100690	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100700	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100710	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100720	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100730	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100740	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100750	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100760	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100770	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100780	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100790	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100800	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100810	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100820	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100830	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100840	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100850	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100860	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100870	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100880	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100890	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100900	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100910	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100920	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100930	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100940	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100950	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100960	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100970	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100980	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664100990	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101000	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101010	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101020	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101030	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101040	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101050	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101060	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101070	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101080	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101090	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101100	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101110	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101120	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101130	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101140	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101150	1	50'	$1,790.56	$2,267.57		$4,058.13	

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664101160	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101170	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101180	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664101190	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101200	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101210	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101220	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101230	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101240	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101250	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101260	1	70'	$2,506.79	$3,174.59		$5,681.38	
132428664101270	1	50'	$1,790.56	$2,267.57		$4,058.13	
132428664201280	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201290	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201300	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201310	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201320	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201330	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201340	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201350	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201360	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201370	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201380	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201390	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201400	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201410	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201420	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201430	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201440	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201450	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201460	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201470	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201480	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201490	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201500	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201510	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201520	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201530	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201540	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201550	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201560	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201570	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201580	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201590	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201600	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201610	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201620	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201630	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201640	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201650	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201660	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201670	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201680	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201690	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201700	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201710	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201720	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201730	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201740	1	70'	$2,506.79		$3,172.69	$5,679.48	

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664201750	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201760	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201770	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201780	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201790	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201800	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201810	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201820	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201830	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201840	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201850	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201860	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201870	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201880	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201890	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201900	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201910	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201920	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201930	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201940	1	70'	$2,506.79		$3,172.69	$5,679.48	
132428664201950	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201960	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201970	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201980	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664201990	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202000	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202010	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202020	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202030	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202040	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202050	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202060	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202070	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202080	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202090	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202100	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202110	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202120	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202130	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202140	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202150	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664202160	1	50'	$1,790.56		$2,266.21	$4,056.77	
132428664302170	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302180	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302190	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302200	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302210	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302220	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302230	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302240	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302250	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302260	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302270	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302280	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302290	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302300	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302310	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302320	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302330	1	TH	$1,342.92	$1,700.68		$3,043.60	

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664302340	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302350	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302360	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302370	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302380	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302390	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302400	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302410	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302420	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302430	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302440	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302450	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302460	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302470	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302480	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302490	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302500	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302510	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302520	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302530	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302540	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302550	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302560	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302570	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302580	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302590	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302600	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302610	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302620	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302630	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302640	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302650	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302660	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302670	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302680	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302690	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302700	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664302710	1	TH	$1,342.92	$1,700.68		$3,043.60	
132428664402720	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402730	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402740	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402750	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402760	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402770	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402780	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402790	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402800	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402810	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402820	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402830	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402840	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402850	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402860	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402870	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402880	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402890	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402900	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402910	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402920	1	TH	$1,342.92		$1,699.66	$3,042.58	

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664402930	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402940	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402950	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402960	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402970	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402980	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664402990	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403000	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403010	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403020	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403030	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403040	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403050	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403060	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403070	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403080	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403090	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403100	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403110	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403120	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403130	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403140	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403150	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403160	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403170	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403180	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403190	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403200	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403210	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403220	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403230	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403240	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403250	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403260	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403270	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403280	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403290	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403300	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403310	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403320	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403330	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403340	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403350	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403360	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403370	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403380	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403390	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403400	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403410	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403420	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403430	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403440	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403450	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403460	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403470	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403480	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403490	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403500	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403510	1	TH	$1,342.92		$1,699.66	$3,042.58	

Parcel Id	Units	Type	O&M	2021 Debt	2024 Debt	Total	
132428664403520	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403530	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403540	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403550	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403560	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403570	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403580	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403590	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403600	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403610	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403620	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403630	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403640	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403650	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403660	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403670	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403680	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403690	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403700	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403710	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403720	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403730	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403740	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403750	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403760	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403770	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403780	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403790	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403800	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403810	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403820	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403830	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403840	1	TH	$1,342.92		$1,699.66	$3,042.58	
132428664403850	1	TH	$1,342.92		$1,699.66	$3,042.58	
Total Gross Assessments	385		$657,404.47	$406,915.35	$425,367.77	$1,489,687.59	
							
Total Net Assessments			$617,960.20	$382,500.43	$399,845.70	$1,400,306.33	

!!"#$%& "#

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT
ORANGE COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds		
to the Statement of Net Position	10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-21	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
22	
Notes to Required Supplementary Information	23	
OTHER INFORMATION		
Data Elements Required by Florida Statute 218.39(3)(c)	24	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

25-26	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

27	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
28-29	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
Grande Pines Community Development District Orange County, Florida

1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Grande Pines Community Development District, Orange County, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2024, and the respective changes in financial position thereof for the fiscal year ended September 30, 2024 then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated May 20, 2025, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

May 20, 2025

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Grande Pines Community Development District, Orange County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2024. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($223,801).

The change in the District’s total net position in comparison with the prior fiscal year was ($287,371), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2024, the District’s governmental funds reported combined ending fund balance of $6,096,209, an increase of $4,724,590 in comparison with the prior fiscal year. The
fund balance is restricted for debt service and capital projects, non-spendable for prepaid items, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by assessments and Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.
Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund, and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.
Key components of the District’s net position are reflected in the following table:

NET POSITION
SEPTEMBER 30,		
2024	2023	
Current and other assets	$	6,121,531	$	1,379,132	
Capital assets, net of depreciation	6,025,989	5,282,524	
Total assets	12,147,520	6,661,656	
Current liabilities	256,321	108,086	
Long-term liabilities	12,115,000	6,490,000	
Total liabilities	12,371,321	6,598,086	
Net position		
Net investment in capital assets	(1,124,678)	(499,116)	
Restricted	884,233	421,784	
Unrestricted	16,644	140,902	
Total net position	$	(223,801)	$	63,570	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations exceeded ongoing program revenues.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2024	2023

Revenues:
Program revenues
Charges for services	$	654,466	$	641,190	
Operating grants and contributions	50,634	41,150	
Capital grants and contributions	129,828	95,197	
Total revenues	834,928	777,537	
Expenses:
General government	
106,364	
93,869	
Maintenance and operations	288,969	47,044	
Bond issue costs	320,875	-	
Interest	406,091	243,344	
Total expenses	1,122,299	384,257	
Change in net position	(287,371)	393,280	
Net position - beginning	63,570	(329,710)	
Net position - ending	$	(223,801)	$	63,570	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $1,122,299. The costs of the District’s activities were partially funded by program revenues which were comprised of Developer contributions, assessments, and investment earnings. The majority of the change in expenses resulted from bond issue costs and the increased maintenance costs of the District as operations expand.
GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2024, the District had $6,025,989 invested in capital assets. In the government-wide financial statements no depreciation has been taken as the infrastructure is under construction. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Debt Administration
At September 30, 2024, the District had $12,115,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District anticipates an increase in costs as the development is built out. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Grande Pines Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, Florida, 32801.

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2024

	Governmental
	Activities		
ASSETS
Cash and cash equivalents	
$	23,543	
Due from Developer	16,320	
Accounts receivable	2,973	
Prepaid items	2,020	
Restricted assets:		
Investments	6,076,675	
Capital assets:		
Nondepreciable		6,025,989 	
Total assets		12,147,520 	
LIABILITIES		
Accounts payable	19,916	
Contracts and retainage payable	406	
Deposits	5,000	
Accrued interest payable	230,999	
Non-current liabilities:		
Due within one year	230,000	
Due in more than one year		11,885,000 	
Total liabilities		12,371,321 	
NET POSITION		
Net investment in capital assets	(1,124,678)	
Restricted for debt service	884,233	
Unrestricted		16,644 	
Total net position	 $	(223,801) 	

See notes to the financial statements

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT ORANGE COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

Charges for

Program Revenues
Operating Grants and

Capital Grants and

Net (Expense) Revenue and Changes in Net Position

Governmental

Functions/Programs		Expenses	Services	Contributions Contributions	Activities	 Primary government:
Governmental activities:

General government

$	106,364	$

106,364	$

-	$	-	$	-

Maintenance and operations	288,969	148,391	16,320	129,828	5,570	
Interest on long-term debt	406,091	399,711	34,314	-	27,934	
Bond issue costs			320,875		-		-		-	(320,875)  Total governmental activities		1,122,299	654,466	50,634	129,828	(287,371) 

Change in net position	(287,371)	
Net position - beginning		63,570 	
Net position - ending	 $	(223,801) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

ASSETS		
Cash and cash equivalents	$	23,543	$	-	$	-	$	23,543	
Investments	-	1,114,909	4,961,766	6,076,675	
Accounts receivable	-	-	2,973	2,973	
Due from Developer	16,320	-	-	16,320	
Due from other funds	-	323	-	323	
Prepaid items	2,020	-	-	2,020	
Total assets	$	41,883	$ 1,115,232	$ 4,964,739	$	6,121,854	
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	19,916	$	-	$	-	$	19,916	
Contracts and retainage payable	-	-	406	406	
Deposits	5,000	-	-	5,000	
Due to other funds	323	-	-	323	
Total liabilities	25,239	-	406	25,645	

Fund balances:
Nonspendable:
Prepaid items	2,020	-	-	2,020	
Restricted for:					
Debt service	-	1,115,232	-	1,115,232	
Capital projects	-	-	4,964,333	4,964,333	
Unassigned	14,624	-	-	14,624	
Total fund balances	16,644	1,115,232	4,964,333	6,096,209	

Total liabilities and fund balances	
$	41,883	
$ 1,115,232	
$ 4,964,739	
$	6,121,854	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2024

Fund balance - governmental funds	$	6,096,209 Amounts reported for governmental activities in the statement of
net position are different because:

Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	6,025,989
Accumulated depreciation		-  	6,025,989

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(230,999)
Bonds payable	 (12,115,000)  (12,345,999)  Net position of governmental activities		$  (223,801)

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	Major Funds		Total

REVENUES

Debt
General	Service

Capital Projects

Governmental Funds

Assessments	$	254,755	$	399,711	$	-	$	654,466	
Developer contributions	16,320	-	-	16,320	
Interest earnings	-	34,314	129,828	164,142	
Total revenues	271,075	434,025	129,828	834,928	

EXPENDITURES
Current:
General government	106,364	-	-	106,364	
Maintenance and operations	288,969	-	-	288,969	
Debt service: Principal	
-	
140,000	
-	
140,000	
Interest	-	275,665	-	275,665	
Bond issuance costs	-	-	320,875	320,875	
Capital outlay	-	-	743,465	743,465	
Total expenditures	395,333	415,665	1,064,340	1,875,338	

Excess (deficiency) of revenues over (under) expenditures	

(124,258)	

18,360	

(934,512)	

(1,040,410)	

OTHER FINANCING SOURCES (USES)
Transfers in (out)	

-	

(17,881)	

17,881	

-	
Bond proceeds	-	592,396	5,172,604	5,765,000	
Total other financing sources (uses)	-	574,515	5,190,485	5,765,000	

Net change in fund balances	
(124,258)	
592,875	
4,255,973	
4,724,590	
Fund balances - beginning	140,902	522,357	708,360	1,371,619	

Fund balances - ending	
$	16,644	
$	1,115,232	
$ 4,964,333	
$  6,096,209	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

Net change in fund balances - total governmental funds	$	4,724,590	
Amounts reported for governmental activities in the statement of activities are different because:		
Governmental funds report capital outlays as expenditures; however, the cost of those assets is eliminated in the statement of activities and capitalized in the statement of net position.	

743,465	
Repayment of long-term liabilities are reported as expenditures in the governmental fund statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

140,000	
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long- term liabilities in the statement of net position.	

(5,765,000)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.	

	(130,426) 	
Change in net position of governmental activities	$	(287,371)	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Grande Pines Community Development District (the "District") was established by the Board of County Commissioners of Orange County’s approval of Ordinance No. 2019-17 effective on October 31, 2019 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. As of September 30, 2024, all of the Board members are affiliated with Park Square Enterprises, LLC (“Developer”).

The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating- type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:
Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Fund Equity/Net Position (Continued)
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 - BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS
Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

The District’s investments were held as follows at September 30, 2024:

 Amortized Cost	Credit Risk	Maturities	

First American Government Obligation

$	6,076,675

S&P AAAm

Weighted average of the fund

Fd Cl D		
 $	6,076,675 

portfolio: 31 days

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. The District has adopted by Resolution 2020-08, the alternative investment guidelines proscribed by Section 218.415, Florida.
However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.
NOTE 5 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2024 were as follows:

 Fund	Transfer in	Transfer out	
Debt service	$	-	$	17,881	
Capital projects		17,881	-		
Total	 $	17,881	$	17,881 	

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the debt service fund to the capital projects fund were made in accordance with the Bond Indentures.

Governmental activities
Capital assets, not being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Infrastructure under construction	$	5,282,524	$	743,465	$	-	$	6,025,989	
Total capital assets, not being depreciated	5,282,524	743,465	-	6,025,989	

Governmental activities capital assets, net	
$	5,282,524	
$	743,465	
$	-	$	6,025,989	

The infrastructure intended to serve the District has been estimated at a total cost of approximately
$17,495,000. The infrastructure will include stormwater management systems, sanitary sewer, potable water and reclaimed water mains, roadways, landscaping and irrigation. A portion of the project costs was expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer or by the issuance of additional bonds. Upon completion, certain improvements are to be conveyed to others for ownership and maintenance responsibilities. The District acquired improvements from the Developer at a total cost of $743,465 during the current year.

NOTE 7 – LONG-TERM LIABILITIES
Series 2021
On March 17, 2021, the District issued $6,760,000 of Special Assessment Revenue Bonds, Series 2021 consisting of Term Bonds with due dates from May 1, 2026 to May 1, 2051 and fixed interest rates ranging from 2.5% to 4.0%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Series 2021 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2021 Bonds are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2024.
Series 2024
On March 22, 2024, the District issued $5,765,000 of Special Assessment Revenue Bonds, Series 2024 consisting of Term Bonds with due dates from May 1, 2034 to May 1, 2054 and fixed interest rates ranging from 4.65% to 5.8%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2025 through May 1, 2054.

The Series 2024 Bonds are subject to optional redemption, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts, and at the redemption prices more fully described in the Redemption Provisions as outlined in the Bond Indenture.

Series 2024 (Continued)
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be released to the Developer for construction costs paid on behalf of the District; this did not occur during the current fiscal year. The District was in compliance with the requirements at September 30, 2024.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2024 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities
Series 2021	
$	6,490,000	
$	-	$	
(140,000)	
$	6,350,000	
$	145,000	
Series 2024	-	5,765,000	-	5,765,000	85,000	
Total	 $	6,490,000  $	5,765,000  $	(140,000) $	12,115,000  $	230,000 	

At September 30, 2024, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2025	$	230,000	$	554,398	$	784,398	
2026	235,000	546,820	781,820	
2027	240,000	539,118	779,118	
2028	250,000	530,133	780,133	
2029	260,000	520,755	780,755	
2030-2034	1,465,000	2,445,898	3,910,898	
2035-2039	1,815,000	2,109,923	3,924,923	
2040-2044	2,275,000	1,663,813	3,938,813	
2045-2049	2,885,000	1,077,080	3,962,080	
2050-2054		2,460,000	356,150	2,816,150 	
	 $	12,115,000	$	10,344,088	$	22,459,088 	

NOTE 8 - DEVELOPER TRANSACTIONS AND CONCENTRATIONS
The Developer has agreed to fund a portion of the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $16,320 as of September 30, 2024. The entire amount was receivable at September 30, 2024.

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.
The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 - MANAGEMENT COMPANY
The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims since inception of the District.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	

REVENUES
Assessments	

$	244,329	

$	254,755	

$	10,426	
Developer contributions	262,004	16,320	(245,684)	
Miscellaneous	6,242	-	(6,242)	
Total revenues	512,575	271,075	(241,500)	

EXPENDITURES
Current:
General government	133,216	106,364	26,852	
Maintenance and operations	379,359	288,969	90,390	
Total expenditures	512,575	395,333	117,242	

Excess (deficiency) of revenues				
over (under) expenditures	 $	-		(124,258)  $	(124,258) 	
Fund balance - beginning			140,902 	
Fund balance - ending		 $	16,644 	

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FLORIDA STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	
2	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the
District’s fiscal year being reported.	

6	
Employee compensation	$3,600	
Independent contractor compensation	$390,516	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $1,445.23 - $2,023.32
Debt service - $2,267.57 - $3,174.59	
Special assessments collected	$654,466	
Outstanding Bonds:	see Note 7 for details	

1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S 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
To the Board of Supervisors
Grande Pines Community Development District Orange County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Grande Pines Community Development District, Orange County, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated May 20, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

May 20, 2025

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Grande Pines Community Development District Orange County, Florida
We have examined Grande Pines Community Development District, Orange County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2024. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2024.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Grande Pines Community Development District, Orange County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

May 20, 2025

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Grande Pines Community Development District Orange County, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of Grande Pines Community Development District, Orange County, Florida ("District") as of and for the fiscal year ended September 30, 2024 and have issued our report thereon dated May 20, 2025.
Auditor’s Responsibility

We conducted our audit in accordance with auditing 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; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 20, 2025, should be considered in conjunction with this management letter.
Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Grande Pines Community Development District, Orange County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Grande Pines Community Development District, Orange County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

May 20, 2025

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2023.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2024.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2024.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2024. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 24.

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Grande Pines 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 each meeting at least seven days in advance, as specified in Section 190.007(1), 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 with 7 days notice per 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:	 
Grande Pines Community Development District

District Manager:		Date:	 Print Name:	 
Grande Pines Community Development District

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Grande Pines 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 each meeting at least seven days in advance, as specified in Section 190.007(1), 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 with 7 days notice per 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:	 
Grande Pines Community Development District

District Manager:		Date:	 Print Name:	 
Grande Pines Community Development District

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Grande Pines Community Development District

Summary of Check Register

May 10, 2025 to July 7, 2025

Fund	Date	Check No.'s		Amount	

General Fund					
	5/12/25	311-313	$	26,899.65	
	5/27/25	314-321	$	161,679.37	
	6/4/25	322	$	675.00	
	6/10/25	323	$	19,082.88	
	6/18/25	324-326	$	7,174.33	
	6/24/25	327-328	$	40,056.92	
	6/30/25	329	 $	438.64 	
			 $	256,006.79 	
		Total Amount	$	256,006.79	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/25	PAGE	1
*** CHECK DATES 05/10/2025 - 07/07/2025 ***	GRANDE PINES - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/12/25 00026	4/30/25 1807102	202504 320-53800-34500	*	18,110.16
SECURITY APRIL 25
DSI SECURITY SERVICES	18,110.16 000311
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/12/25 00004	4/30/25 11577793 202504 310-51300-48000	*	241.93
NOT BOS MTG 4/10/25
4/30/25 11577793 202504 310-51300-48000	*	260.68
NOT ANNUAL AUDIT 4/23/25
ORLANDO SENTINEL	502.61 000312
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/12/25 00012	4/25/25 7725922	202504 310-51300-32300	*	2,123.13
TRUSTEE FEES SER24 FY25
4/25/25 7725922	202504 300-15500-10000	*	2,123.12
TRUSTEE FEES SER24 FY26
4/25/25 7728467	202504 310-51300-32300	*	2,020.31
TRUSTEE FEES SER2021 FY25
4/25/25 7728467	202504 300-15500-10000	*	2,020.32
TRUSTEE FEES SER2021 FY26
U.S. BANK	8,286.88 000313
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00011	5/20/25 7763-05- 202505 310-51300-31200	*	450.00
SPECIAL ASSESS BONDS S24
AMTEC	450.00 000314
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00024	4/29/25 19579	202504 320-53800-47000	*	675.00
LAKE MAINTENANCE APR 25
AQUATIC WEED MANAGEMENT, INC	675.00 000315
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00018	3/07/25 35654A	202503 320-53800-47000	*	395.00
QRTLY FOUNTAIN CLEANING
FOUNTAIN DESIGN GROUP, INC	395.00 000316
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00001	5/01/25 96	202505 310-51300-34000	*	3,541.67
MANAGEMENT FEES MAY 25
5/01/25 96	202505 310-51300-35200	*	105.00
WEBSITE ADMIN MAY 25
5/01/25 96	202505 310-51300-35100	*	157.50
INFORMATION TECH MAY 25
5/01/25 96	202505 310-51300-31300	*	583.33
DISSEMINATION SVC MAY 25
5/01/25 96	202505 310-51300-51000	*	.09
OFFICE SUPPLIES
5/01/25 96	202505 310-51300-42000	*	35.10
POSTAGE
5/01/25 97	202505 320-53800-34000	*	1,312.50
FIELD MANAGEMENT MAY 25
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,735.19 000317
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
GPCD GRANDE PINES	CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/25	PAGE	2
*** CHECK DATES 05/10/2025 - 07/07/2025 ***	GRANDE PINES - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/27/25 00002	5/12/25 140458	202504 310-51300-31500	*	621.00
GENERAL COUNSEL APR 25
LATHAM LUNA EDEN & BEAUDINE	621.00 000318
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00006	5/12/25 19-151(6 202504 310-51300-31100	*	137.50
ENGINEER SVCS APR 25
POULOS & BENNETT	137.50 000319
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00028	5/13/25 05132025 202505 300-15100-10000	*	150,000.00
EXCESS FDS TSFR TO SBA
STATE BOARD OF ADMINISTRATION	150,000.00 000320
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/25 00017	5/13/25 150182	202505 320-53800-46200	*	3,665.68
LANDSCAPE MAINT MAY 25
UNITED LAND SERVICES	3,665.68 000321
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00024	5/29/25 19747	202505 320-53800-47000	*	675.00
LAKE MAINTENANCE MAY 25
AQUATIC WEED MANAGEMENT, INC	675.00 000322
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/25 00026	5/31/25 1807217	202505 320-53800-34500	*	19,082.88
SECURITY MAY 25
DSI SECURITY SERVICES	19,082.88 000323
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/25 00011	6/16/25 6627-06- 202506 310-51300-31200	*	450.00
ARBITRAGE REPORT SER21
AMTEC	450.00 000324

6/18/25 00001	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
98	202506 320-53800-34000	*	1,312.50
FIELD MANAGEMENT JUNE 25
98	202506 320-53800-48000	*	102.35
GUARDHOUSE PLUMBING REPAI
99	202506 310-51300-34000	*	3,541.67
MANAGEMENT FEE JUNE 25
99	202506 310-51300-35200	*	105.00
WEBSITE ADMIN JUNE 25
99	202506 310-51300-35100	*	157.50
INFORMATION TECH JUNE 25
6/01/25 99	202506 310-51300-31300	*	583.33
DISSEMINATION SVC JUNE 25
6/01/25 99	202506 310-51300-51000	*	.09
OFFICE SUPPLIES
6/01/25 99	202506 310-51300-42000	*	49.89
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,852.33 000325
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
GPCD GRANDE PINES	CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/25	PAGE	3
*** CHECK DATES 05/10/2025 - 07/07/2025 ***	GRANDE PINES - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/18/25 00002	6/10/25 141310	202505 310-51300-31500	*	872.00
GENERAL COUNSEL MAY 25
LATHAM LUNA EDEN & BEAUDINE	872.00 000326
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/25 00017	6/11/25 155169	202506 320-53800-46200	*	3,665.68
LANDSCAPE MAINT JUNE 25
UNITED LAND SERVICES	3,665.68 000327
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/25 00013	6/23/25 06232025 202506 300-20700-10000	*	17,792.21
ASSESSMENTS TSFR SER2021
6/23/25 06232025 202506 300-20700-10000	*	18,599.03
ASSESSMENTS TSFR SER2024
US BANK AS TRUSTEE FOR GRANDE PINES	36,391.24 000328
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/30/25 00002	4/11/25 139757	202503 310-51300-31500	*	438.64
GENERAL COUSNEL MAR 25
LATHAM LUNA EDEN & BEAUDINE	438.64 000329
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	256,006.79
TOTAL FOR REGISTER	256,006.79

GPCD GRANDE PINES	CWRIGHT

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Grande Pines
Community Development District

Unaudited Financial Reporting
May 31, 2025

Table Of Contents

1	Balance Sheet	

2-3	

General Fund	

4	

Debt Service Fund - Series 2021	

5	

Debt Service Fund - Series 2024	

6	

Capital Projects Fund - Series 2021	

7	

Capital Projects Fund - Series 2024	

8-9	

Month to Month	

10	

Long Term Debt Report	

11	

Assessment Receipt Schedule	

Combined Balance Sheet May 31, 2025

	General	Debt Service	Capital Project		Total	
	Fund		Fund		Fund	Governmental Funds	
Assets:
Cash	

$	

204,881	

$	

-	

$	

-	

$	

204,881	
Due From General Fund	$	-	$	14,098	$	-	$	14,098	
State Board of Administration	$	150,000	$	-	$	-	$	150,000	
Prepaid Expenses	$	4,143	$	-	$	-	$	4,143	
Series 2021									
Reserve	$	-	$	382,500	$	-	$	382,500	
Revenue	$	-	$	133,283	$	-	$	133,283	
Construction	$	-	$	-	$	26,856	$	26,856	
Series 2024									
Reserve	$	-	$	402,415	$	-	$	402,415	
Revenue	$	-	$	129,200	$	-	$	129,200	
Construction	$	-	$	-	$	1,133,319	$	1,133,319	
Total Assets	$	359,025	$	1,061,496	$	1,160,176	$	2,580,696	
Liabilities:									
Accounts Payable	$	21,571	$	-	$	-	$	21,571	
Deposits	$	5,000	$	-	$	-	$	5,000	
Due To Debt Service	$	14,098	$	-	$	-	$	14,098	
Total Liabilites	$	40,669	$	-	$	-	$	40,669	
Fund Balances:									
Unassigned	$	318,356	$	-	$	-	$	318,356	
Assigned for:									
Debt Service - Series 2021	$	-	$	522,676	$	-	$	522,676	
Debt Service - Series 2024	$	-	$	538,821	$	-	$	538,821	
Capital Projects - Series 2021	$	-	$	-	$	26,856	$	26,856	
Capital Projects - Series 2024	$	-	$	-	$	1,133,319	$	1,133,319	
Total Fund Balances	$	318,356	$	1,061,496	$	1,160,176	$	2,540,027	
									
Total Liabilities & Fund Equity	$	359,025	$	1,061,496	$	1,160,176	$	2,580,696	

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Revenues:		
Assessments - Tax Roll	$	618,635	$	618,635	$	576,267	$	(42,368)	
Developer Contribution	$	-	$	-	$	6,319	$	6,319	
Cost Share Revenue	$	6,242	$	-	$	-	$	-	
Miscellaneous Revenue	$	-	$	-	$	788	$	788	
Total Revenues	$	624,877	$	618,635	$	583,374	$	(35,261)	

Expenditures:					
Administrative Expenditures
Supervisor Fees	

$	12,000	

$	8,000	

$	2,000	

$	6,000	
FICA Expense	$	918	$	612	$	153	$	459	
Engineering	$	12,000	$	8,000	$	431	$	7,569	
Attorney	$	25,000	$	16,667	$	5,118	$	11,549	
Arbitrage	$	900	$	600	$	450	$	150	
Annual Audit	$	6,000	$	6,000	$	6,700	$	(700)	
Dissemination Fees	$	7,000	$	4,667	$	4,667	$	-	
Trustee Fees	$	8,200	$	6,164	$	6,164	$	-	
Assessment Administration	$	5,562	$	5,562	$	5,562	$	-	
Management Fees	$	42,500	$	28,333	$	28,333	$	-	
Information Technology	$	1,890	$	1,260	$	1,260	$	-	
Website Administration	$	1,260	$	840	$	840	$	-	
Telephone	$	300	$	200	$	-	$	200	
Postage	$	200	$	200	$	335	$	(135)	
Insurance	$	6,684	$	6,684	$	6,319	$	365	
Printing & Binding	$	350	$	233	$	16	$	217	
Legal Advertising	$	5,000	$	1,765	$	1,765	$	-	
Other Current Charges	$	1,000	$	667	$	338	$	329	
Office Supplies	$	200	$	133	$	1	$	132	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Administrative Expenditures	$	137,139	$	96,761	$	70,628	$	26,134	

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Field Expenditures		
Field Management	$	15,750	$	10,500	$	10,500	$	-	
Security	$	240,000	$	160,000	$	135,940	$	24,060	
Gate Attendants	$	-	$	-	$	12,100	$	(12,100)	
Gate Repairs	$	6,000	$	4,000	$	2,415	$	1,585	
Gate Internet, Phone, Cable	$	3,000	$	2,000	$	-	$	2,000	
Gate Cameras	$	1,200	$	800	$	-	$	800	
Gate Supplies	$	1,500	$	1,000	$	-	$	1,000	
Property Insurance	$	2,465	$	2,465	$	-	$	2,465	
Electric	$	27,000	$	18,000	$	13,082	$	4,918	
Streetlights	$	60,648	$	40,432	$	-	$	40,432	
Water & Sewer	$	21,740	$	14,493	$	-	$	14,493	
Landscape Maintenance	$	69,900	$	46,600	$	29,325	$	17,275	
Landscape Contingency	$	5,000	$	3,333	$	-	$	3,333	
Irrigation Repairs	$	3,000	$	2,000	$	334	$	1,666	
Lake Maintenance	$	12,035	$	8,023	$	6,190	$	1,833	
Pressure Washing	$	6,000	$	4,000	$	-	$	4,000	
Repairs & Maintenance	$	10,000	$	6,667	$	80	$	6,587	
Contingency	$	2,500	$	1,667	$	1,067	$	599	
Total Field Expenditures	$	487,738	$	325,980	$	211,035	$	114,946	
					
Total Expenditures	$	624,877	$	422,742	$	281,662	$	141,079	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	301,711		
					
Fund Balance - Beginning	$	-		$	16,644		
					
Fund Balance - Ending	$	-		$	318,356		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 05/31/25	Thru 05/31/25	Variance	
Revenues					
Assessment - Tax Roll	$	383,353	$	383,353	$	356,694	$	(26,659)	
Interest	$	7,000	$	7,000	$	14,171	$	7,171	
Total Revenues	$	390,353	$	390,353	$	370,864	$	(19,489)	
Expenditures:					
Series 2021 Interest - 11/1	
$	118,938	
$	118,938	
$	118,938	
$	-	
Principal - 5/1	$	145,000	$	145,000	$	145,000	$	-	
Interest - 5/1	$	118,938	$	118,938	$	118,938	$	-	
Total Expenditures	$	382,875	$	382,875	$	382,875	$	-	
Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(10,278)	$	(10,278)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(10,278)	$	(10,278)	
					
Excess (Deficiency) of Revenues over Expenditures	$	7,478		$	(22,289)		
					
Fund Balance - Beginning	$	149,549		$	544,964		
					
Fund Balance - Ending	$	157,027		$	522,676		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 05/31/25	Thru 05/31/25	Variance	
Revenues					
Assessment - Tax Roll	$	399,845	$	399,845	$	372,869	$	(26,976)	
Interest	$	-	$	-	$	14,144	$	14,144	
Total Revenues	$	399,845	$	399,845	$	387,013	$	(12,832)	
Expenditures:					
Series 2024 Interest - 11/1	
$	192,551	
$	192,551	
$	158,261	
$	34,290	
Principal - 5/1	$	85,000	$	85,000	$	85,000	$	-	
Interest - 5/1	$	158,261	$	158,261	$	158,261	$	-	
Total Expenditures	$	435,812	$	435,812	$	401,523	$	34,290	
Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(16,938)	$	(16,938)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(16,938)	$	(16,938)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(35,967)		$	(31,448)		
					
Fund Balance - Beginning	$	163,630		$	570,268		
					
Fund Balance - Ending	$	127,663		$	538,821		

Revenues
Interest	
$	-	$	-	$	551	
$	551	
Total Revenues	$	-	$	-	$	551	$	551	
Expenditures:
Capital Outlay	

$	-	$	-	$	407	

$	(407)	
Total Expenditures	$	-	$	-	$	407	$	(407)	
Other Financing Sources/(Uses)
Transfer In/(Out)	

$	-	$	-	$	10,278	

$	10,278	
Total Other Financing Sources/(Uses)	$	-	$	-	$	10,278	$	10,278	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	10,422		
			
Fund Balance - Beginning	$	-	$	16,435		
			
Fund Balance - Ending	$	-	$	26,856		

Revenues
Interest	
$	-	$	-	$	80,815	
$	80,815	
Total Revenues	$	-	$	-	$	80,815	$	80,815	

Expenditures:
Capital Outlay	

$	-	$	-	$	3,912,332	

$	(3,912,332)	
Total Expenditures	$	-	$	-	$	3,912,332	$	(3,912,332)	
Other Financing Sources/(Uses)
Transfer In/(Out)	

$	-	$	-	$	16,938	

$	16,938	
Total Other Financing Sources/(Uses)	$	-	$	-	$	16,938	$	16,938	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(3,814,579)		
			
Fund Balance - Beginning	$	-	$	4,947,898		
			
Fund Balance - Ending	$	-	$	1,133,319		

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:															
Assessments - Tax Roll	$	-  $	17,575  $	47,110  $	2,321  $	118,799  $	379,327  $	18  $	11,118  $	-  $	-  $	-  $	-  $	576,267	
Developer Contribution	$	6,319  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,319	
Cost Share Revenue	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Miscellaneous Revenue	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	788  $	-  $	-  $	-  $	-  $	788	
Total Revenues	$	6,319  $	17,575  $	47,110  $	2,321  $	118,799  $	379,327  $	18  $	11,905  $	-  $	-  $	-  $	-  $	583,374	

Expenditures:															
Administrative Expenditures
Supervisor Fees	

$	

200  $	

600  $	

600  $	

-  $	

-  $	

-  $	

600  $	

-  $	

-  $	

-  $	

-  $	

-  $	

2,000	
FICA Expense	$	15  $	46  $	46  $	-  $	-  $	-  $	46  $	-  $	-  $	-  $	-  $	-  $	153	
Engineering	$	-  $	155  $	139  $	-  $	-  $	-  $	138  $	-  $	-  $	-  $	-  $	-  $	431	
Attorney	$	1,301  $	636  $	1,196  $	27  $	27  $	439  $	621  $	872  $	-  $	-  $	-  $	-  $	5,118	
Arbitrage	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	450  $	-  $	-  $	-  $	-  $	450	
Annual Audit	$	-  $	-  $	-  $	-  $	-  $	-  $	6,700  $	-  $	-  $	-  $	-  $	-  $	6,700	
Dissemination Fees	$	583  $	583  $	583  $	583  $	583  $	583  $	583  $	583  $	-  $	-  $	-  $	-  $	4,667	
Trustee Fees	$	2,020  $	-  $	-  $	-  $	-  $	-  $	4,143  $	-  $	-  $	-  $	-  $	-  $	6,164	
Assessment Administration	$	5,562  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,562	
Management Fees	$	3,542  $	3,542  $	3,542  $	3,542  $	3,542  $	3,542  $	3,542  $	3,542  $	-  $	-  $	-  $	-  $	28,333	
Information Technology	$	158  $	158  $	158  $	158  $	158  $	158  $	158  $	158  $	-  $	-  $	-  $	-  $	1,260	
Website Administration	$	105  $	105  $	105  $	105  $	105  $	105  $	105  $	105  $	-  $	-  $	-  $	-  $	840	
Telephone	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage	$	6  $	5  $	113  $	33  $	38  $	101  $	6  $	35  $	-  $	-  $	-  $	-  $	335	
Insurance	$	6,319  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,319	
Printing & Binding	$	8  $	-  $	1  $	-  $	-  $	7  $	-  $	-  $	-  $	-  $	-  $	-  $	16	
Legal Advertising	$	759  $	-  $	-  $	-  $	-  $	-  $	1,005  $	-  $	-  $	-  $	-  $	-  $	1,765	
Other Current Charges	$	41  $	41  $	41  $	41  $	44  $	44  $	44  $	43  $	-  $	-  $	-  $	-  $	338	
Office Supplies	$	0  $	0  $	-  $	0  $	0  $	0  $	0  $	0  $	-  $	-  $	-  $	-  $	1	
Dues, Licenses & Subscriptions	$	175  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total Administrative Expenditure	$	20,795  $	5,870  $	6,522  $	4,488  $	4,497  $	4,978  $	17,691  $	5,788  $	-  $	-  $	-  $	-  $	70,628	

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Field Expenditures															
Field Management	$	1,313  $	1,313  $	1,313  $	1,313  $	1,313  $	1,313  $	1,313  $	1,313  $	-  $	-  $	-  $	-  $	10,500	
Security	$	6,517  $	18,526  $	19,040  $	19,094  $	16,896  $	18,675  $	18,110  $	19,083  $	-  $	-  $	-  $	-  $	135,940	
Gate Attendants	$	12,100  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	12,100	
Gate Repairs	$	-  $	-  $	1,349  $	724  $	343  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,415	
Gate Internet, Phone, Cable	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Gate Cameras	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Gate Supplies	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Property Insurance	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Electric	$	1,459  $	-  $	2,782  $	1,540  $	1,509  $	1,351  $	1,569  $	2,873  $	-  $	-  $	-  $	-  $	13,082	
Streetlights	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Water & Sewer	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Landscape Maintenance	$	3,666  $	3,666  $	3,666  $	3,666  $	3,666  $	3,666  $	3,666  $	3,666  $	-  $	-  $	-  $	-  $	29,325	
Landscape Contingency	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs	$	334  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	334	
Lake Maintenance	$	675  $	675  $	1,070  $	675  $	675  $	1,070  $	675  $	675  $	-  $	-  $	-  $	-  $	6,190	
Pressure Washing	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Repairs & Maintenance	$	-  $	-  $	80  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	80	
Contingency	$	-  $	850  $	-  $	-  $	-  $	217  $	-  $	-  $	-  $	-  $	-  $	-  $	1,067	
Total Field Expenditures	$	26,064  $	25,029  $	29,298  $	27,011  $	24,400  $	26,291  $	25,332  $	27,609  $	-  $	-  $	-  $	-  $	211,035	
															
Total Expenditures	$	46,858  $	30,899  $	35,821  $	31,500  $	28,897  $	31,268  $	43,023  $	33,397  $	-  $	-  $	-  $	-  $	281,662	
															
Excess (Deficiency) of Revenues over Expenditures	$	(40,539)  $	(13,324)  $	11,289  $	(29,179)  $	89,902  $	348,058  $	(43,005)  $	(21,492)  $	-  $	-  $	-  $	-  $	301,711	

Grande Pines
Community Development District Long Term Debt Report	
Series 2021, Special Assessment Bonds

Interest Rates:	2.50%, 3.20%, 3.75%, 4.00%
Maturity Date:	5/1/2051
Reserve Fund Definition	50% of Maximum Annual Debt Service Reserve Fund Requirement		$382,500
Reserve Fund Balance	$382,500

Bonds Outstanding - 11/1/21	$6,760,000
Less: Principal Payment - 5/1/22	($135,000)
Less: Principal Payment - 5/1/23	($135,000)
Less: Principal Payment - 5/1/24	($140,000)
Less: Principal Payment - 5/1/25	($145,000)	
Current Bonds Outstanding	$6,205,000	

Series 2024, Special Assessment Bonds	
Interest Rates:	4.650%, 5.450%, 5.800%	
Maturity Date:	5/1/2054	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$399,845	
Reserve Fund Balance	$402,415	
Bonds Outstanding - 11/1/24	$5,765,000	
Less: Principal Payment - 5/1/25	($85,000)	
Current Bonds Outstanding	$5,680,000	

Grande Pines CDD
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$ 657,404.47	$ 406,915.35	$ 425,367.77	$ 1,489,687.59	
	Net Assessments	$ 617,960.20	$ 382,500.43	$ 399,845.70	$ 1,400,306.33	
ON ROLL ASSESSMENTS		
44.13%	
27.32%	
28.55%	
100.00%	

Special Assessment Receipts Fiscal Year 2025

Date	
Distribution	
Gross Amount	
iscount/Penalt	
Commission	
Interest	
Net Receipts	
General Fund	2021 Debt Service	2024 Debt Service	
Total	

11/13/24	
2	
$9,739.51	
($389.59)	
$0.00	
$0.00	
$9,349.92	
$4,126.15	
$2,553.98	
$2,669.79	
$9,349.92	
11/26/24	3	$32,059.23	($1,282.39)	($301.65)	$0.00	$30,475.19	$13,448.81	$8,324.45	$8,701.93	$30,475.19	
12/06/24	4	$17,855.77	($714.25)	$0.00	$0.00	$17,141.52	$7,564.61	$4,682.29	$4,894.62	$17,141.52	
12/13/24	5	$11,768.58	($470.74)	$0.00	$785.70	$12,083.54	$5,332.51	$3,300.68	$3,450.35	$12,083.54	
12/20/24	6	$80,756.80	($3,230.32)	$0.00	$0.00	$77,526.48	$34,212.71	$21,176.73	$22,137.03	$77,526.48	
01/15/25	7	$5,478.48	($219.14)	$0.00	$0.00	$5,259.34	$2,320.97	$1,436.61	$1,501.76	$5,259.34	
02/14/25	8	$280,416.80	($11,216.88)	$0.00	$0.00	$269,199.92	$118,798.89	$73,533.26	$76,867.77	$269,199.92	
03/13/25	9	$895,374.41	($35,814.59)	$0.00	$0.00	$859,559.82	$379,326.83	$234,792.91	$245,440.08	$859,559.82	
04/11/25	10	$0.00	$40.59	$0.00	$0.00	$40.59	$17.91	$11.09	$11.59	$40.59	
05/15/25	11	$25,972.03	($779.14)	$0.00	$0.00	$25,192.89	$11,117.71	$6,881.56	$7,193.62	$25,192.89	
TOTAL	$ 1,359,421.61	$ (54,076.45)	$	(301.65)	$	785.70	$ 1,305,829.21	$ 576,267.11	$ 356,693.55	$ 372,868.55	$ 1,305,829.21	

93%
$94,477.12

Net Percent Collected
Balance Remaining to Collect

!!"#$%& 3

REQUISITION

Grande Pines Community Development District Orange County, Florida
U.S. Bank Trust Company, National Association, as Trustee Fort Lauderdale, Florida

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024 (ASSESSMENT AREA TWO)

The undersigned, a Responsible Officer of the Grande Pines Community Development District (the “District”), hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), dated as of March 1, 2021, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number; 21

Name of Payee; Poulos & Bennett

Amount Payable; $62.50

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 19- 151(61) - Bond Issuance for Nov 2024

Account from which disbursement to be made: 2024 Acquisition and Construction Account

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;
each disbursement set forth above is a proper charge against the Account referenced in “(E)” above;

each disbursement set forth above was incurred in connection with the Cost of the Assessment Area Two Capital Improvement Program;

each disbursement represents a Cost of the Assessment Area Two Capital Improvement Program which has not previously been paid; and

the costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment bereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such ce1tificate entitled to retain.

Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested or other similar evidence of proof of payment is on file with the District.

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT

By:�		     '	Responsible Officer

Date: 'fj!Yj:Z--T

The undersigned Consulting Engineer hereby certifies that; (i) this disbursement is for the Cost of the Assessment Area Two Capital Improvement Program and is consistent with the report of the Consulting Engineer, as such report has been amended or modified; (ii) that the portion of the Assessment Area Two Capital Improvement Program improvements being acquired from the proceeds of the 2024 Bonds have been completed in accordance with the plans and specifications therefor; (iii) the Assessment Area Two Capital Improvement Program improvements subject to this disbursement are constmcted in a sound workmanlike manner and in accordance with indust1y standards; (iv) the purchase price being paid by the District for the Assessment Area Two Capital Improvement Program improvements being acquired pursuant to this disbursement is no more than the lesser of the fair market value of such improvements and the actual Cost of constrnction of such improvements; and (v) the plans and specifications for the Assessment Area Two Capital
Improvement Program improvements subject to this disbursement have been approved by all Regulato1y Bodies required to approve them.	c1	_f?	-
--	. D#i=c-·
Consulting Engineer	� j17 )25

Poulos & Bennett, LLC 2602 E. Livingston St. Orlando, FL 32803
407-487-2594

Grande Pines CDD
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Professional services for the period ending: November 22, 2024

Invoice number	19-151(61)
Date	12/10/2024

Project 19-151 GRANDE PINES CDD

Invoice Summary		
		Contract	Percent	Prior	Total	Remaining	Current	
Description		Amount	Complete	Billed	Billed	Percent	Billed	
.04 2024 BOND ISSUANCE		0.00	0.00	6,418.75	6,481.25	0.00	62.50	
	Total	0.00		6,418.75	6,481.25		62.50	
Hourly Tasks:

.04 2024 Bond Issuance		
	
Hours	
Rate	Billed Amount	
Executive Team Leader	0.25	250.00	62.50	

.04 2024 Bond Issuance - Phase 3 and 5 requisition	Invoice total	62.50

Aging Summary
Invoice Number	
Invoice Date	
Outstanding	
Current	
Over 30	
Over 60	
Over 90	
Over 120	
19-151(55)	08/12/2024	262.50					262.50	
19-151(61)	12/10/2024	62.50	62.50					
	Total	325.00	62.50	0.00	0.00	0.00	262.50	

Grande Pines CDD	Net 30 days	Invoice date 12/10/2024 Page 1

REQUISITION

Grande Pines Community Development District Orange County, Florida
U.S. Bank Trust Company, National Association, as Trustee Fort Lauderdale, Florida

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024 (ASSESSMENT AREA TWO)

The undersigned, a Responsible Officer of the Grande Pines Community Development District (the “District”), hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), dated as of March 1, 2021, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number; 22

Name of Payee; Poulos & Bennett

Amount Payable; $68.75

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 19- 151(64) -Bond Issuance for Mar 2025

Account from which disbursement to be made: 2024 Acquisition and Construction Account

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;
each disbursement set forth above is a proper charge against the Account referenced in “(E)” above;

each disbursement set forth above was incurred in connection with the Cost of the Assessment Area Two Capital Improvement Program;

each disbursement represents a Cost of the Assessment Area Two Capital Improvement Program which has not previously been paid; and

the costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested or other similar evidence of proof of payment is on file with the District.

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT

Date: 6/17/2025

The undersigned Consulting Engineer hereby certifies that; (j) this disbursement is for the Cost of the Assessment Area Two Capital Improvement Program and is consistent with the report of the Consulting Engineer, as such report has been amended or modified; (ii) that the portion of the Assessment Area Two Capital Improvement Program improvements being acquired from the proceeds of the 2024 Bonds have been completed in accordance with the plans and specifications therefor; (iii) the Assessment Area Two Capital Improvement Program improvements subject to this disbursement are constmcted in a sound workmanlike manner and in accordance with industry standards; (iv) the purchase price being paid by the District for the Assessment Area Two Capital Improvement Program improvements being acquired pursuant to this disbursement is no more than
the lesser of the fair market value of such improvements and the actual Cost of construction of
t�6,'d  .�
such improvements; and (v) the plans and specifications for the Assessment Area Two Capital Improvement Program improvements subject to this disbursement have been approved by all Regulatory Bodies required to approve them.	  	

Consulting Engineer	i/ �b /"2..S

Poulos & Bennett, LLC 2602 E. Livingston St. Orlando, FL 32803
407-487-2594

Grande Pines CDD
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Professional services for the period ending: March 28, 2025

Invoice number	19-151(64)
Date	04/16/2025

Project 19-151 GRANDE PINES CDD

Invoice Summary		
		Contract	Percent	Prior	Total	Remaining	Current	
Description		Amount	Complete	Billed	Billed	Percent	Billed	
.04 2024 BOND ISSUANCE		0.00	0.00	11,843.75	11,912.50	0.00	68.75	
	Total	0.00		11,843.75	11,912.50		68.75	
Hourly Tasks:

.04 2024 Bond Issuance		
	
Hours	
Rate	Billed Amount	
Executive Team Leader	0.25	275.00	68.75	

.04 2024 Bond Issuance - Review and sign requisitions	Invoice total	68.75

Aging Summary
Invoice Number	
Invoice Date	
Outstanding	
Current	
Over 30	
Over 60	
Over 90	
Over 120	
19-151(61)	12/10/2024	62.50					62.50	
	Total	62.50	0.00	0.00	0.00	0.00	62.50	

Grande Pines CDD	Net 30 days	Invoice date 04/16/2025 Page 1

REQUISITION

Grande Pines Community Development District Orange County, Florida
U.S. Bank Trust Company, National Association, as Trustee Fort Lauderdale, Florida

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024 (ASSESSMENT AREA TWO)

The undersigned, a Responsible Officer of the Grande Pines Community Development District (the “District”), hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), dated as of March 1, 2021, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number; 23

Name of Payee; Latham, Luna, Eden & Beaudine LLP

Amount Payable; $27.00

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 139758 - Conveyances/Requisitions for Mar 2025

Account from which disbursement to be made: 2024 Acquisition and Construction Account

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;
each disbursement set forth above is a proper charge against the Account referenced in “(E)” above;

each disbursement set forth above was incurred in connection with the Cost of the Assessment Area Two Capital Improvement Program;

each disbursement represents a Cost of the Assessment Area Two Capital Improvement Program which has not previously been paid; and

the costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested or other similar evidence of proof of payment is on file with the District.

GRANDE PINES COMMUNITY DEVELOPMENT DTSTRTCT

By:	 f-e-�-o-n-si-b-(;---,€'.J'i-c�r1-1-ce_r

Date:  6/17/2025

The undersigned Consulting Engineer hereby certifies that; (i) this disbursement is for the Cost of the Assessment Area Two Capital Improvement Program and is consistent with the report of the Consulting Engineer, as such report has been amended or modified; (ii) that the portion of the Assessment Area Two Capital Improvement Program improvements being acquired from the proceeds of the 2024 Bonds have been completed in accordance with the plans and specifications therefor; (iii) the Assessment Area Two Capital Improvement Program improvements subject to this disbursement are constructed in a sound workmanlike manner and in accordance with industry standards; (iv) the purchase price being paid by the District for the Assessment Area Two Capital Improvement Program improvements being acquired pursuant to this disbursement is no more than the lesser of the fair market value of such improvements and the actual Cost of construction of such improvements; and (v) the plans and specifications for the Assessment Area Two Capital Improvement Program improvements subject to this disbursement have been approved by all Regulatory Bodies required to approve them.

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802

April 11, 2025

Grande Pines CDD
c/o Governmental Management Services- CFL, LLC 219 E. Livingston Street
Orlando, FL 32801

Invoice #:	139758
Federal ID #:59-3366512

Matter ID: 4168-003	Conveyances/Requisitions
For Professional Services Rendered:
3/14/2025	JEL	Email with District Engineer regarding Phase 3 & 5 turnover.	0.10	$27.00

Total Professional Services:	0.10	$27.00

Total	$27.00
Previous Balance	$54.00

Payments & Credits
Date	Type	Notes	Amount
Payments & Credits	$0.00
Total Due	$81.00

REQUISITION

Grande Pines Community Development District Orange County, Florida
U.S. Bank Trust Company, National Association, as Trustee Fort Lauderdale, Florida

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024 (ASSESSMENT AREA TWO)

The undersigned, a Responsible Officer of the Grande Pines Community Development District (the “District”), hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), dated as of March 1, 2021, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number; 24

Name of Payee; Latham, Luna, Eden & Beaudine LLP

Amount Payable; $324.00

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 140203 - Conveyances/Requisitions for April 2025

Account from which disbursement to be made: 2024 Acquisition and Construction Account

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;
each disbursement set forth above is a proper charge against the Account referenced in “(E)” above;

each disbursement set forth above was incurred in connection with the Cost of the Assessment Area Two Capital Improvement Program;

each disbursement represents a Cost of the Assessment Area Two Capital Improvement Program which has not previously been paid; and

the costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested or other similar evidence of proof of payment is on file with the District.

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT

Date: 6/17/2025

The undersigned Consulting Engineer hereby certifies that; (i) this disbursement is for the Cost of the Assessment Area Two Capital Improvement Program and is consistent with the report of the Consulting Engineer, as such report has been amended or modified; (ii) that the portion of the Assessment Area Two Capital Improvement Program improvements being acquired from the proceeds of the 2024 Bonds have been completed in accordance with the plans and specifications therefor; (iii) the Assessment Area Two Capital Improvement Program improvements subject to this disbursement are constructed in a sound workmanlike manner and in accordance with industry standards; (iv) the purchase price being paid by the District for the Assessment Area Two Capital Improvement Program improvements being acquired pursuant to this disbursement is no more than the lesser of the fair market value of such improvements and the actual Cost of construction of such improvements; and (v) the plans and specifications for the Assessment Area Two Capital Improvement Program improvements subject to this disbursement have been approved by all
RegulatoryBodies required to approve them.	_/\_  X	-'?-�.-,,-·''_·irr�	�

G�V'Pl-fft=	
Consulting Engineer	(p / lltl /25

♦

LATHAM, LUNA,
�_Q_E:NQl�_MUQINE:;.
A YT O i'' N !': V :	T L ;. V:

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802

May 8, 2025	Invoice#:	140203
Federal ID #:59-3366512

Grande Pines CDD
c/o Governmental Management Services- CFL, LLC 219 E. Livingston Street
Orlando, FL 32801

Matter ID: 4168-003	Conveyances/Requisitions
For Professional Services Rendered:
4/8/2025	JEL	Email to District Engineer regarding status of Req. 12 and 13.	0.10	$27.00	
4/9/2025	JEL	Continue work on Phase 3&5 turnover and emails to District Engineer and Developer regarding conveyance documents; phone call with District Engineer regarding status	0.70
of	$189.00	
		turnover for Phases 3&5; documents; email to title regarding updated title			
		commitments.			

4/17/2025

JEL	Review revised title commitments.

-0-.40	$10-8.-00

Total Professional Services:

Payments & Credits
�	In!!  Notes

1.20

Total Previous Balance

Payments & Credits
Total Due

$324.00

$324.00
$27.00

A!!!rumt
$0.00
$351.00

REQUISITION

Grande Pines Community Development District Orange County, Florida
U.S. Bank Trust Company, National Association, as Trustee Fort Lauderdale, Florida

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2024 (ASSESSMENT AREA TWO)

The undersigned, a Responsible Officer of the Grande Pines Community Development District (the “District”), hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the “Trustee”), dated as of March 1, 2021, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

Requisition Number; 25

Name of Payee; Poulos & Bennett

Amount Payable; $68.75

Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Invoice # 19- 151(66) - Bond Issuance

Account from which disbursement to be made: 2024 Acquisition and Construction Account

The undersigned hereby certifies that:

obligations in the stated amount set forth above have been incurred by the District;
each disbursement set forth above is a proper charge against the Account referenced in “(E)” above;

each disbursement set forth above was incurred in connection with the Cost of the Assessment Area Two Capital Improvement Program;

each disbursement represents a Cost of the Assessment Area Two Capital Improvement Program which has not previously been paid; and

the costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested or other similar evidence of proof of payment is on file with the District.

GRANDE PINES COMMUNITY DEVELOPMENT DISTRICT

Date:  6/17/2025

C

The undersigned Consulting Engineer hereby certifies that; (i) this disbursement is for the Cost of the Assessment Area Two Capital Improvement Program and is consistent with the report of the Consulting Engineer, as such report has been amended or modified; (ii) that the portion of the Assessment Area Two Capital Improvement Program improvements being acquired from the proceeds of the 2024 Bonds have been completed in accordance with the plans and specifications therefor; (iii) the Assessment Area Two Capital Improvement Program improvements subject to this disbursement are constructed in a sound workmanlike manner and in accordance with industry standards; (iv) the purchase price being paid by the District for the Assessment Area Two Capital Improvement Program improvements being acquired pursuant to this disbursement is no more than the lesser of the fair market value of such improvements and the actual Cost of construction of such improvements; and (v) the plans and specifications for the Assessment Area Two Capital Improvement Program improvements subject to this disbursement have been approved by all
Regulatory Bodies required to approve them. �--	<  5i.c.,..-,1--,--,------------

Consulting Engineer

Poulos & Bennett, LLC 2602 E. Livingston St. Orlando, FL 32803
407-487-2594

Grande Pines CDD
6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Professional services for the period ending: April 25, 2025

Invoice number	19-151(66)
Date	05/09/2025

Project 19-151 GRANDE PINES CDD

Invoice Summary		
		Contract	Percent	Prior	Total	Remaining	Current	
Description		Amount	Complete	Billed	Billed	Percent	Billed	
.04 2024 BOND ISSUANCE		0.00	0.00	11,912.50	11,981.25	0.00	68.75	
	Total	0.00		11,912.50	11,981.25		68.75	
Hourly Tasks:

.04 2024 Bond Issuance		
	
Hours	
Rate	Billed Amount	
Executive Team Leader	0.25	275.00	68.75	

.04 2024 Bond Issuance - Sign requisition 20	Invoice total	68.75

Aging Summary
Invoice Number	
Invoice Date	
Outstanding	
Current	
Over 30	
Over 60	
Over 90	
Over 120	
19-151(64)	04/16/2025	68.75	68.75					
	Total	68.75	68.75	0.00	0.00	0.00	0.00	

Grande Pines CDD	Net 30 days	Invoice date 05/09/2025 Page 1

!!"#$%& 4

REBATE REPORT
$6,760,000
Grande Pines Community Development District
(Orange County, Florida)
Special Assessment Revenue Bonds, Series 2021 (Assessment Area One)

Dated: March 17, 2021
Delivered: March 17, 2021

Rebate Report to the Computation Date June 15, 2025
Reflecting Activity To June 15, 2025

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	16	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	18	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	19	

June 16, 2025

Grande Pines Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$6,760,000 Grande Pines Community Development District (Orange County, Florida), Special
Assessment Revenue Bonds, Series 2021 (Assessment Area One)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Grande Pines Community Development District (the “District”)
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.
We have scheduled our next Report as of June 30, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the June 15, 2025 Computation Date
Reflecting Activity from March 17, 2021 through June 15, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	1.148613%	136,505.84	(356,031.09)	
Debt Service Reserve Fund	2.852295%	46,751.00	(17,245.97)	
Capitalized Interest Fund	0.006044%	4.90	(3,567.51)	
Totals	1.344526%	$183,261.74	$(376,844.57)	
Bond Yield	3.830882%		
Rebate Computation Credits	(10,507.01)	
Net Rebatable Arbitrage	$(387,351.58)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from March 17, 2021, the date of the closing, to June 15, 2025, the Computation Date. All nonpurpose payments and receipts are future valued to the Computation Date of June 15, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between March 17, 2021 and June 15, 2025, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
June 15, 2025.

Computation Period
The period beginning on March 17, 2021, the date of the closing, and ending on June 15, 2025, the Computation Date.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on June 15th, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund / Account	Account Number	
Revenue	264128000	
Acquisition & Construction	264128005	
Capitalized Interest Fund	264128001	
Sinking	264128002	
Prepayment	264128004	
Debt Service Reserve	264128003	

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of June 15, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to June 15, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on June 15, 2025, is the Rebatable Arbitrage.

$6,760,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2021 (Assessment Area One)
Delivered: March 17, 2021

Sources of Funds

Par Amount	$6,760,000.00	
Net Original Issue Premium	3,779.45	
Total	$6,763,779.45	

Uses of Funds

Acquisition & Construction Fund	$5,858,346.94	
Debt Service Reserve Fund	382,500.00	
Capitalized Interest Fund	154,388.89	
Cost of Issuance	233,343.62	
Underwriter’s Discount	135,200.00	
Total	$6,763,779.45	

PROOF OF ARBITRAGE YIELD
$6,760,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2021 (Assessment Area One)

Date	

Debt Service	Present Value to 03/17/2021
@ 3.8308820776%	
05/01/2021	30,326.39	30,186.06	
11/01/2021	124,062.50	121,167.55	
05/01/2022	259,062.50	248,262.06	
11/01/2022	122,375.00	115,069.05	
05/01/2023	257,375.00	237,460.94	
11/01/2023	120,687.50	109,256.71	
05/01/2024	260,687.50	231,561.34	
11/01/2024	118,937.50	103,663.21	
05/01/2025	263,937.50	225,718.41	
11/01/2025	117,125.00	98,282.34	
05/01/2026	267,125.00	219,938.08	
11/01/2026	115,250.00	93,107.97	
05/01/2027	265,250.00	210,262.25	
11/01/2027	112,850.00	87,774.32	
05/01/2028	267,850.00	204,417.28	
11/01/2028	110,370.00	82,648.89	
05/01/2029	270,370.00	198,657.27	
11/01/2029	107,810.00	77,725.77	
05/01/2030	272,810.00	192,986.21	
11/01/2030	105,170.00	72,999.16	
05/01/2031	275,170.00	187,407.56	
11/01/2031	102,450.00	68,463.33	
05/01/2032	282,450.00	185,202.83	
11/01/2032	99,075.00	63,742.65	
05/01/2033	284,075.00	179,332.53	
11/01/2033	95,606.25	59,220.54	
05/01/2034	285,606.25	173,585.64	
11/01/2034	92,043.75	54,890.91	
05/01/2035	292,043.75	170,888.97	
11/01/2035	88,293.75	50,693.94	
05/01/2036	293,293.75	165,230.02	
11/01/2036	84,450.00	46,681.61	
05/01/2037	299,450.00	162,416.62	
11/01/2037	80,418.75	42,798.00	
05/01/2038	305,418.75	159,485.75	
11/01/2038	76,200.00	39,042.82	
05/01/2039	306,200.00	153,939.97	
11/01/2039	71,887.50	35,461.70	
05/01/2040	311,887.50	150,960.80	
11/01/2040	67,387.50	32,004.10	
05/01/2041	317,387.50	147,902.69	
11/01/2041	62,700.00	28,669.08	
04/01/2042	264,333.33	118,968.38	
05/01/2042	57,500.00	25,797.29	
11/01/2042	57,500.00	25,312.45	
04/01/2043	274,500.00	118,943.85	
05/01/2043	52,100.00	22,504.22	
11/01/2043	52,100.00	22,081.27	
04/01/2044	284,666.67	118,756.20	
05/01/2044	46,500.00	19,337.45	
11/01/2044	46,500.00	18,974.02	
04/01/2045	299,916.67	120,459.29	
05/01/2045	40,600.00	16,255.20	
11/01/2045	40,600.00	15,949.70	
04/01/2046	310,083.33	119,905.23	
05/01/2046	34,500.00	13,298.59	
11/01/2046	34,500.00	13,048.65	
04/01/2047	320,250.00	119,225.42	
05/01/2047	28,200.00	10,465.39	

PROOF OF ARBITRAGE YIELD
$6,760,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2021 (Assessment Area One)

Date	

Debt Service	Present Value to 03/17/2021
@ 3.8308820776%	
11/01/2047	28,200.00	10,268.70	
04/01/2048	335,500.00	120,251.99	
05/01/2048	21,600.00	7,717.56	
11/01/2048	21,600.00	7,572.52	
04/01/2049	350,750.00	121,036.80	
05/01/2049	14,700.00	5,056.66	
11/01/2049	14,700.00	4,961.62	
04/01/2050	366,000.00	121,596.45	
05/01/2050	7,500.00	2,483.86	
11/01/2050	7,500.00	2,437.18	
04/01/2051	381,250.00	121,946.59	
	11,536,576.39	6,763,779.45	
	
Proceeds Summary		

Delivery date	03/17/2021	
Par Value	6,760,000.00	
Premium (Discount)	3,779.45	
Target for yield calculation	6,763,779.45	

BOND DEBT SERVICE
$6,760,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2021 (Assessment Area One)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
03/17/2021						
05/01/2021			30,326.39	30,326.39		
11/01/2021			124,062.50	124,062.50		
04/01/2022					154,388.89	
05/01/2022	135,000	2.500%	124,062.50	259,062.50		
11/01/2022			122,375.00	122,375.00		
04/01/2023					381,437.50	
05/01/2023	135,000	2.500%	122,375.00	257,375.00		
11/01/2023			120,687.50	120,687.50		
04/01/2024					378,062.50	
05/01/2024	140,000	2.500%	120,687.50	260,687.50		
11/01/2024			118,937.50	118,937.50		
04/01/2025					379,625.00	
05/01/2025	145,000	2.500%	118,937.50	263,937.50		
11/01/2025			117,125.00	117,125.00		
04/01/2026					381,062.50	
05/01/2026	150,000	2.500%	117,125.00	267,125.00		
11/01/2026			115,250.00	115,250.00		
04/01/2027					382,375.00	
05/01/2027	150,000	3.200%	115,250.00	265,250.00		
11/01/2027			112,850.00	112,850.00		
04/01/2028					378,100.00	
05/01/2028	155,000	3.200%	112,850.00	267,850.00		
11/01/2028			110,370.00	110,370.00		
04/01/2029					378,220.00	
05/01/2029	160,000	3.200%	110,370.00	270,370.00		
11/01/2029			107,810.00	107,810.00		
04/01/2030					378,180.00	
05/01/2030	165,000	3.200%	107,810.00	272,810.00		
11/01/2030			105,170.00	105,170.00		
04/01/2031					377,980.00	
05/01/2031	170,000	3.200%	105,170.00	275,170.00		
11/01/2031			102,450.00	102,450.00		
04/01/2032					377,620.00	
05/01/2032	180,000	3.750%	102,450.00	282,450.00		
11/01/2032			99,075.00	99,075.00		
04/01/2033					381,525.00	
05/01/2033	185,000	3.750%	99,075.00	284,075.00		
11/01/2033			95,606.25	95,606.25		
04/01/2034					379,681.25	
05/01/2034	190,000	3.750%	95,606.25	285,606.25		
11/01/2034			92,043.75	92,043.75		
04/01/2035					377,650.00	
05/01/2035	200,000	3.750%	92,043.75	292,043.75		
11/01/2035			88,293.75	88,293.75		
04/01/2036					380,337.50	
05/01/2036	205,000	3.750%	88,293.75	293,293.75		
11/01/2036			84,450.00	84,450.00		
04/01/2037					377,743.75	
05/01/2037	215,000	3.750%	84,450.00	299,450.00		
11/01/2037			80,418.75	80,418.75		
04/01/2038					379,868.75	
05/01/2038	225,000	3.750%	80,418.75	305,418.75		
11/01/2038			76,200.00	76,200.00		
04/01/2039					381,618.75	
05/01/2039	230,000	3.750%	76,200.00	306,200.00		
11/01/2039			71,887.50	71,887.50		
04/01/2040					378,087.50	
05/01/2040	240,000	3.750%	71,887.50	311,887.50		
11/01/2040			67,387.50	67,387.50		

BOND DEBT SERVICE
$6,760,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2021 (Assessment Area One)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
04/01/2041					379,275.00	
05/01/2041	250,000	3.750%	67,387.50	317,387.50		
11/01/2041			62,700.00	62,700.00		
04/01/2042	260,000	4.000%	4,333.33	264,333.33	644,420.83	
05/01/2042			57,500.00	57,500.00		
11/01/2042			57,500.00	57,500.00		
04/01/2043	270,000	4.000%	4,500.00	274,500.00	389,500.00	
05/01/2043			52,100.00	52,100.00		
11/01/2043			52,100.00	52,100.00		
04/01/2044	280,000	4.000%	4,666.67	284,666.67	388,866.67	
05/01/2044			46,500.00	46,500.00		
11/01/2044			46,500.00	46,500.00		
04/01/2045	295,000	4.000%	4,916.67	299,916.67	392,916.67	
05/01/2045			40,600.00	40,600.00		
11/01/2045			40,600.00	40,600.00		
04/01/2046	305,000	4.000%	5,083.33	310,083.33	391,283.33	
05/01/2046			34,500.00	34,500.00		
11/01/2046			34,500.00	34,500.00		
04/01/2047	315,000	4.000%	5,250.00	320,250.00	389,250.00	
05/01/2047			28,200.00	28,200.00		
11/01/2047			28,200.00	28,200.00		
04/01/2048	330,000	4.000%	5,500.00	335,500.00	391,900.00	
05/01/2048			21,600.00	21,600.00		
11/01/2048			21,600.00	21,600.00		
04/01/2049	345,000	4.000%	5,750.00	350,750.00	393,950.00	
05/01/2049			14,700.00	14,700.00		
11/01/2049			14,700.00	14,700.00		
04/01/2050	360,000	4.000%	6,000.00	366,000.00	395,400.00	
05/01/2050			7,500.00	7,500.00		
11/01/2050			7,500.00	7,500.00		
04/01/2051	375,000	4.000%	6,250.00	381,250.00	396,250.00	
	6,760,000		4,776,576.39	11,536,576.39	11,536,576.39	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.830882%)

03/17/21	Beg	Bal	-5,858,346.94	-6,882,138.88	
04/02/21			-0.94	-1.10	
05/04/21			-1.88	-2.20	
06/02/21			-1.94	-2.26	
06/04/21			2,783.75	3,243.80	
06/04/21			1,785.00	2,079.99	
06/04/21			1,086.25	1,265.77	
06/04/21			250.00	291.32	
07/02/21			-1.88	-2.18	
07/28/21			628.30	727.98	
08/03/21			-1.94	-2.25	
08/27/21			-13,564.00	-15,667.93	
09/02/21			-1.97	-2.27	
10/04/21			-1.88	-2.16	
11/02/21			-1.94	-2.23	
12/02/21			-1.88	-2.15	
12/30/21			-1.35	-1.54	
01/04/22			-1.94	-2.21	
02/02/22			-1.94	-2.20	
03/02/22			-1.78	-2.02	
03/17/22			1,063.75	1,203.12	
04/04/22			-1.94	-2.19	
05/03/22			-1.88	-2.12	
06/02/22			-51.73	-58.05	
07/05/22			-161.30	-180.37	
07/22/22			1,680.00	1,875.23	
08/02/22			-309.66	-345.28	
08/19/22			2,127,711.46	2,368,224.60	
08/30/22			4,296.25	4,776.35	
09/02/22			-500.95	-556.81	
10/04/22			-576.84	-639.01	
11/02/22			-782.41	-864.18	
11/15/22			-1,680.00	-1,853.03	
11/15/22			1,680.00	1,853.03	
12/02/22			-976.25	-1,074.87	
12/13/22			56.25	61.86	
12/13/22			15,387.50	16,922.31	
12/22/22			0.47	0.52	
01/04/23			-1,116.49	-1,225.14	
02/02/23			-1,188.14	-1,299.92	
02/21/23			2,347.50	2,563.21	
02/21/23			112.50	122.84	
03/02/23			-1,139.59	-1,242.86	
03/23/23			1,954,436.69	2,126,842.51	
04/04/23			-1,300.09	-1,413.13	
05/02/23			-1,331.32	-1,442.82	
05/24/23			1,177.50	1,273.16	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.830882%)	
06/02/23		-1,450.77	-1,567.31	
07/05/23		-1,423.84	-1,532.87	
07/11/23		1,174,253.70	1,263,373.23	
08/02/23		-1,491.81	-1,601.48	
09/05/23		-1,551.95	-1,660.26	
10/03/23		-1,505.38	-1,605.69	
10/11/23		240.00	255.78	
10/11/23		2,175.00	2,317.98	
10/11/23		1,615.00	1,721.16	
10/11/23		291.50	310.66	
11/02/23		-1,561.20	-1,660.15	
12/04/23		-1,516.34	-1,607.02	
12/21/23		2,681.25	2,836.50	
01/03/24		-1,566.09	-1,654.67	
02/02/24		-1,559.46	-1,642.64	
02/26/24		300.00	315.20	
02/26/24		180.00	189.12	
03/04/24		-1,449.17	-1,521.33	
04/02/24		-1,549.22	-1,621.57	
05/02/24		-1,497.28	-1,562.25	
05/28/24		725,001.78	754,392.34	
06/04/24		-1,082.86	-1,126.05	
06/26/24		60.00	62.25	
07/02/24		-1,499.72	-1,554.93	
07/12/24		63.86	66.14	
08/02/24		-1,548.78	-1,600.73	
08/20/24		2,540.00	2,620.22	
08/20/24		297.00	306.38	
08/21/24		62.50	64.47	
09/04/24		-1,545.18	-1,591.63	
09/19/24		300.00	308.53	
09/19/24		2,672.50	2,748.49	
09/19/24		-2,672.50	-2,748.49	
09/19/24		-300.00	-308.53	
10/02/24		-1,443.55	-1,482.56	
11/04/24		-1,406.60	-1,439.75	
11/08/24		282.03	288.56	
12/03/24		-1,306.74	-1,333.46	
12/20/24		-1.72	-1.75	
01/03/25		-1,307.30	-1,329.82	
01/27/25		125.00	126.83	
02/04/25		-1,254.50	-1,271.94	
03/04/25		-1,125.67	-1,137.72	
04/02/25		-1,236.97	-1,246.52	
05/02/25		-1,194.78	-1,200.21	
06/03/25		-1,223.72	-1,225.27	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (3.830882%)	
06/15/25	Bal	28,165.93	28,165.93	
06/15/25	Acc	41.51	41.51	
06/15/25	TOTALS:	136,505.84	-356,031.09	

ISSUE DATE:	03/17/21	
REBATABLE ARBITRAGE:	
-356,031.09	
COMP DATE:	06/15/25	NET INCOME:	136,505.84	
BOND YIELD: 3.830882%	TAX INV YIELD:	1.148613%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.830882%)

03/17/21	Beg	Bal	-382,500.00	-449,344.87	
04/02/21			0.94	1.10	
05/04/21			1.88	2.20	
06/02/21			1.94	2.26	
07/02/21			1.88	2.18	
08/03/21			1.94	2.25	
09/02/21			1.97	2.27	
10/04/21			1.88	2.16	
11/02/21			1.94	2.23	
12/02/21			1.88	2.15	
12/30/21			1.35	1.54	
01/04/22			1.94	2.21	
02/02/22			1.94	2.20	
03/02/22			1.78	2.02	
04/04/22			1.94	2.19	
05/03/22			1.88	2.12	
06/02/22			51.73	58.05	
07/05/22			161.30	180.37	
08/02/22			309.66	345.28	
09/02/22			500.95	556.81	
10/04/22			576.84	639.01	
11/02/22			782.41	864.18	
12/02/22			976.25	1,074.87	
12/22/22			0.47	0.52	
01/04/23			1,116.49	1,225.14	
02/02/23			1,188.14	1,299.92	
03/02/23			1,139.59	1,242.86	
04/04/23			1,300.09	1,413.13	
05/02/23			1,331.32	1,442.82	
06/02/23			1,450.77	1,567.31	
07/05/23			1,423.84	1,532.87	
08/02/23			1,491.81	1,601.48	
09/05/23			1,551.95	1,660.26	
10/03/23			1,505.38	1,605.69	
11/02/23			1,561.20	1,660.15	
12/04/23			1,516.34	1,607.02	
01/03/24			1,566.09	1,654.67	
02/02/24			1,559.46	1,642.64	
03/04/24			1,449.17	1,521.33	
04/02/24			2,943.46	3,080.92	
05/01/24			127,487.81	133,034.06	
05/02/24			1,497.28	1,562.25	
05/29/24			-127,487.81	-132,642.01	
06/04/24			1,082.86	1,126.05	
07/02/24			1,499.72	1,554.93	
08/02/24			1,548.78	1,600.73	
09/04/24			1,545.18	1,591.63	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.830882%)	
10/02/24		1,443.55	1,482.56	
11/04/24		1,406.60	1,439.75	
12/03/24		1,308.46	1,335.21	
12/20/24		1.72	1.75	
01/03/25		1,307.30	1,329.82	
02/04/25		1,254.50	1,271.94	
03/04/25		1,125.67	1,137.72	
04/02/25		1,236.97	1,246.52	
05/02/25		1,194.78	1,200.21	
06/03/25		1,223.72	1,225.27	
06/15/25	Bal	382,500.00	382,500.00	
06/15/25	Acc	592.12	592.12	
06/15/25	TOTALS:	46,751.00	-17,245.97	

ISSUE DATE:	03/17/21	REBATABLE ARBITRAGE:	-17,245.97	
COMP DATE:	06/15/25	NET INCOME:	46,751.00	
BOND YIELD: 3.830882%	TAX INV YIELD:	2.852295%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.830882%)

03/17/21	Beg	Bal	-154,388.89	-181,369.56	
04/02/21			0.38	0.45	
05/03/21			30,326.40	35,453.85	
05/04/21			0.76	0.89	
06/02/21			0.64	0.75	
07/02/21			0.61	0.71	
08/02/21			0.63	0.73	
09/02/21			0.64	0.74	
10/04/21			0.61	0.70	
11/01/21			-0.01	-0.01	
11/01/21			124,062.50	142,342.52	
11/02/21			0.63	0.72	
06/15/25	TOTALS:	4.90	-3,567.51	

ISSUE DATE:	03/17/21	
REBATABLE ARBITRAGE:	
-3,567.51	
COMP DATE:	06/15/25	NET INCOME:	4.90	
BOND YIELD: 3.830882%	TAX INV YIELD:	0.006044%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.830882%)	
06/15/21		-1,780.00	-2,071.76	
06/15/22		-1,830.00	-2,050.65	
06/15/23		-1,960.00	-2,114.54	
06/15/24		-2,070.00	-2,150.06	
06/15/25		-2,120.00	-2,120.00	
06/15/25	TOTALS:	-9,760.00	-10,507.01	

ISSUE DATE:	03/17/21	REBATABLE ARBITRAGE: -10,507.01 COMP DATE:	06/15/25
BOND YIELD: 3.830882%

REBATE REPORT
$5,765,000
Grande Pines Community Development District
(Orange County, Florida)
Special Assessment Revenue Bonds, Series 2024 (Assessment Area Two)

Dated: March 22, 2024
Delivered: March 22, 2024

Rebate Report to the Computation Date March 22, 2029
Reflecting Activity To April 30, 2025

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	14	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	15	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credit	17	

May 20, 2025

Grande Pines Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$5,765,000 Grande Pines Community Development District (Orange County, Florida), Special
Assessment Revenue Bonds, Series 2024 (Assessment Area Two)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Grande Pines Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of March 31, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the March 22, 2029 Computation Date
Reflecting Activity from March 22, 2024 through April 30, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	4.587986%	184,809.91	(52,420.45)	
Debt Service Reserve Fund	4.773759%	19,391.02	(4,299.41)	
Capitalized Interest Fund	4.774064%	4,726.51	(1,062.18)	
Costs of Issuance Account	4.787611%	129.10	(28.67)	
Totals	4.608746%	$209,056.54	$(57,810.71)	
Bond Yield	5.612403%		
Rebate Computation Credit	(2,645.39)	
Net Rebatable Arbitrage	$(60,456.10)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from March 22, 2024, the date of the closing, to April 30, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of March 22, 2029.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between March 22, 2024 and April 30, 2025, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
March 22, 2029.

Computation Period
The period beginning on March 22, 2024, the date of the closing, and ending on April 30, 2025.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund / Account	Account Number	
Revenue	222421000	
Acquisition & Construction	222421005	
Capitalized Interest Fund	222421001	
Sinking	222421002	
Prepayment	222421004	
Debt Service Reserve	222421003	

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of April 30, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to March 22, 2029. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on March 22, 2029, is the Rebatable Arbitrage.

$5,765,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2024 (Assessment Area Two)
Delivered: March 22, 2024

Sources of Funds

Par Amount	$5,765,000.00	
Total	$5,765,000.00	

Uses of Funds

Acquisition & Construction Fund	$4,843,878.81	
Debt Service Reserve Fund	399,845.00	
Capitalized Interest Fund	192,551.19	
Costs of Issuance Account	213,425.00	
Underwriter’s Discount	115,300.00	
Total	$5,765,000.00	

PROOF OF ARBITRAGE YIELD
$5,765,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2024 (Assessment Area Two)

Date	

Debt Service	Present Value to 03/22/2024
@ 5.6124027600%	
05/01/2024	34,289.94	34,084.94	
11/01/2024	158,261.25	153,021.02	
05/01/2025	243,261.25	228,786.36	
11/01/2025	156,285.00	142,973.38	
05/01/2026	241,285.00	214,708.33	
11/01/2026	154,308.75	133,564.12	
05/01/2027	244,308.75	205,692.74	
11/01/2027	152,216.25	124,658.43	
05/01/2028	247,216.25	196,932.92	
11/01/2028	150,007.50	116,234.48	
05/01/2029	250,007.50	188,432.46	
11/01/2029	147,682.50	108,271.07	
05/01/2030	252,682.50	180,193.55	
11/01/2030	145,241.25	100,747.60	
05/01/2031	255,241.25	172,217.11	
11/01/2031	142,683.75	93,644.15	
05/01/2032	257,683.75	164,503.01	
11/01/2032	140,010.00	86,941.39	
05/01/2033	260,010.00	157,050.11	
11/01/2033	137,220.00	80,620.65	
05/01/2034	262,220.00	149,856.43	
11/01/2034	134,313.75	74,663.91	
05/01/2035	264,313.75	142,919.24	
11/01/2035	130,771.25	68,780.27	
05/01/2036	270,771.25	138,527.14	
11/01/2036	126,956.25	63,178.18	
05/01/2037	276,956.25	134,061.74	
11/01/2037	122,868.75	57,851.66	
05/01/2038	277,868.75	127,260.84	
11/01/2038	118,645.00	52,854.89	
05/01/2039	283,645.00	122,911.23	
11/01/2039	114,148.75	48,113.65	
05/01/2040	289,148.75	118,549.34	
11/01/2040	109,380.00	43,621.08	
05/01/2041	294,380.00	114,195.11	
11/01/2041	104,338.75	39,370.01	
05/01/2042	299,338.75	109,866.05	
11/01/2042	99,025.00	35,352.99	
05/01/2043	304,025.00	105,577.47	
11/01/2043	93,438.75	31,562.37	
05/01/2044	308,438.75	101,342.65	
11/01/2044	87,580.00	27,990.39	
05/01/2045	317,580.00	98,727.43	
11/01/2045	80,910.00	24,466.26	
05/01/2046	325,910.00	95,861.40	
11/01/2046	73,805.00	21,116.04	
05/01/2047	328,805.00	91,505.22	
11/01/2047	66,410.00	17,977.18	
05/01/2048	341,410.00	89,896.97	
11/01/2048	58,435.00	14,966.58	
05/01/2049	348,435.00	86,806.44	
11/01/2049	50,025.00	12,122.66	
05/01/2050	355,025.00	83,685.55	
11/01/2050	41,180.00	9,441.88	
05/01/2051	366,180.00	81,667.18	
11/01/2051	31,755.00	6,888.83	
05/01/2052	376,755.00	79,501.14	

PROOF OF ARBITRAGE YIELD
$5,765,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2024 (Assessment Area Two)

Date	

Debt Service	Present Value to 03/22/2024
@ 5.6124027600%	
11/01/2052	21,750.00	4,464.31	
05/01/2053	386,750.00	77,215.77	
11/01/2053	11,165.00	2,168.28	
05/01/2054	396,165.00	74,836.45	
	12,120,924.94	5,765,000.00	
	
Proceeds Summary		

Delivery date	03/22/2024	
Par Value	5,765,000.00	
Target for yield calculation	5,765,000.00	

BOND DEBT SERVICE
$5,765,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2024 (Assessment Area Two)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
03/22/2024						
05/01/2024			34,289.94	34,289.94	34,289.94	
11/01/2024			158,261.25	158,261.25		
05/01/2025	85,000	4.650%	158,261.25	243,261.25	401,522.50	
11/01/2025			156,285.00	156,285.00		
05/01/2026	85,000	4.650%	156,285.00	241,285.00	397,570.00	
11/01/2026			154,308.75	154,308.75		
05/01/2027	90,000	4.650%	154,308.75	244,308.75	398,617.50	
11/01/2027			152,216.25	152,216.25		
05/01/2028	95,000	4.650%	152,216.25	247,216.25	399,432.50	
11/01/2028			150,007.50	150,007.50		
05/01/2029	100,000	4.650%	150,007.50	250,007.50	400,015.00	
11/01/2029			147,682.50	147,682.50		
05/01/2030	105,000	4.650%	147,682.50	252,682.50	400,365.00	
11/01/2030			145,241.25	145,241.25		
05/01/2031	110,000	4.650%	145,241.25	255,241.25	400,482.50	
11/01/2031			142,683.75	142,683.75		
05/01/2032	115,000	4.650%	142,683.75	257,683.75	400,367.50	
11/01/2032			140,010.00	140,010.00		
05/01/2033	120,000	4.650%	140,010.00	260,010.00	400,020.00	
11/01/2033			137,220.00	137,220.00		
05/01/2034	125,000	4.650%	137,220.00	262,220.00	399,440.00	
11/01/2034			134,313.75	134,313.75		
05/01/2035	130,000	5.450%	134,313.75	264,313.75	398,627.50	
11/01/2035			130,771.25	130,771.25		
05/01/2036	140,000	5.450%	130,771.25	270,771.25	401,542.50	
11/01/2036			126,956.25	126,956.25		
05/01/2037	150,000	5.450%	126,956.25	276,956.25	403,912.50	
11/01/2037			122,868.75	122,868.75		
05/01/2038	155,000	5.450%	122,868.75	277,868.75	400,737.50	
11/01/2038			118,645.00	118,645.00		
05/01/2039	165,000	5.450%	118,645.00	283,645.00	402,290.00	
11/01/2039			114,148.75	114,148.75		
05/01/2040	175,000	5.450%	114,148.75	289,148.75	403,297.50	
11/01/2040			109,380.00	109,380.00		
05/01/2041	185,000	5.450%	109,380.00	294,380.00	403,760.00	
11/01/2041			104,338.75	104,338.75		
05/01/2042	195,000	5.450%	104,338.75	299,338.75	403,677.50	
11/01/2042			99,025.00	99,025.00		
05/01/2043	205,000	5.450%	99,025.00	304,025.00	403,050.00	
11/01/2043			93,438.75	93,438.75		
05/01/2044	215,000	5.450%	93,438.75	308,438.75	401,877.50	
11/01/2044			87,580.00	87,580.00		
05/01/2045	230,000	5.800%	87,580.00	317,580.00	405,160.00	
11/01/2045			80,910.00	80,910.00		
05/01/2046	245,000	5.800%	80,910.00	325,910.00	406,820.00	
11/01/2046			73,805.00	73,805.00		
05/01/2047	255,000	5.800%	73,805.00	328,805.00	402,610.00	
11/01/2047			66,410.00	66,410.00		
05/01/2048	275,000	5.800%	66,410.00	341,410.00	407,820.00	
11/01/2048			58,435.00	58,435.00		
05/01/2049	290,000	5.800%	58,435.00	348,435.00	406,870.00	
11/01/2049			50,025.00	50,025.00		
05/01/2050	305,000	5.800%	50,025.00	355,025.00	405,050.00	
11/01/2050			41,180.00	41,180.00		
05/01/2051	325,000	5.800%	41,180.00	366,180.00	407,360.00	
11/01/2051			31,755.00	31,755.00		
05/01/2052	345,000	5.800%	31,755.00	376,755.00	408,510.00	

BOND DEBT SERVICE
$5,765,000
Grande Pines Community Development District (Orange County, Florida)
Special Assessment Revenue Bonds, Series 2024 (Assessment Area Two)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2052			21,750.00	21,750.00		
05/01/2053	365,000	5.800%	21,750.00	386,750.00	408,500.00	
11/01/2053			11,165.00	11,165.00		
05/01/2054	385,000	5.800%	11,165.00	396,165.00	407,330.00	
	5,765,000		6,355,924.94	12,120,924.94	12,120,924.94	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.612403%)

03/22/24	Beg	Bal	-4,843,878.81	-6,388,316.06	
06/26/24			891.00	1,158.23	
06/26/24			872.50	1,134.18	
07/23/24			-7,979.10	-10,329.22	
08/09/24			-1.04	-1.34	
08/20/24			312.50	402.87	
08/20/24			162.00	208.85	
08/21/24			486.00	626.44	
08/21/24			2,783.75	3,588.18	
09/19/24			1,718.75	2,205.91	
09/19/24			729.00	935.62	
09/26/24			-405.00	-519.23	
10/02/24			62.50	80.05	
11/01/24			343.75	438.34	
12/03/24			-8,582.80	-10,890.85	
12/20/24			162.00	205.03	
12/20/24			1,908,394.38	2,415,270.82	
12/20/24			1,995,224.18	2,525,162.92	
01/27/25			262.50	330.34	
01/27/25			1,711.00	2,153.16	
02/05/25			-4,453.38	-5,597.35	
03/07/25			412.00	515.29	
03/07/25			5,362.50	6,706.92	
03/07/25			686.95	859.17	
04/11/25			54.00	67.19	
04/21/25			62.50	77.64	
04/30/25	Bal		1,125,900.76	1,396,745.25	
04/30/25	Acc		3,515.52	4,361.21	
03/22/29	TOTALS:	184,809.91	-52,420.45	

ISSUE DATE:	03/22/24	
REBATABLE ARBITRAGE:	
-52,420.45	
COMP DATE:	03/22/29	NET INCOME:	184,809.91	
BOND YIELD: 5.612403%	TAX INV YIELD:	4.587986%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.612403%)

03/22/24	Beg	Bal	-399,845.00	-527,332.81	
05/01/24			34,289.95	44,952.70	
05/02/24			753.67	987.88	
06/04/24			640.90	835.94	
07/02/24			620.54	805.91	
08/02/24			640.81	828.40	
09/04/24			639.33	822.43	
10/02/24			597.28	765.04	
11/01/24			-0.01	-0.01	
12/03/24			8,582.80	10,890.85	
02/05/25			4,453.38	5,597.35	
04/30/25	Bal		366,869.47	455,122.87	
04/30/25	Acc		1,147.90	1,424.04	
03/22/29	TOTALS:	19,391.02	-4,299.41	

ISSUE DATE:	03/22/24	
REBATABLE ARBITRAGE:	
-4,299.41	
COMP DATE:	03/22/29	NET INCOME:	19,391.02	
BOND YIELD: 5.612403%	TAX INV YIELD:	4.773759%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.612403%)

03/22/24	Beg	Bal	-192,551.19	-253,944.80	
04/02/24			251.99	331.82	
05/01/24			34,289.95	44,952.70	
05/02/24			753.67	987.88	
06/04/24			640.90	835.94	
07/02/24			620.54	805.91	
08/02/24			640.81	828.40	
09/04/24			639.33	822.43	
10/02/24			597.28	765.04	
11/01/24			-0.01	-0.01	
11/01/24			158,261.25	201,810.71	
11/04/24			581.99	741.80	
03/22/29	TOTALS:	4,726.51	-1,062.18	

ISSUE DATE:	03/22/24	
REBATABLE ARBITRAGE:	
-1,062.18	
COMP DATE:	03/22/29	NET INCOME:	4,726.51	
BOND YIELD: 5.612403%	TAX INV YIELD:	4.774064%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.612403%)

03/22/24	Beg	Bal	-213,425.00	-281,474.08	
03/22/24			47,500.00	62,645.05	
03/22/24			37,500.00	49,456.62	
03/22/24			33,500.00	44,181.24	
03/22/24			30,200.00	39,829.06	
03/22/24			6,000.00	7,913.06	
03/22/24			2,250.00	2,967.40	
03/22/24			42,500.00	56,050.83	
03/26/24			6,125.00	8,072.95	
07/23/24			7,979.10	10,329.22	
03/22/29	TOTALS:	129.10	-28.67	

ISSUE DATE:	03/22/24	
REBATABLE ARBITRAGE:	
-28.67	
COMP DATE:	03/22/29	NET INCOME:	129.10	
BOND YIELD: 5.612403%	TAX INV YIELD:	4.787611%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @

DATE	
DESCRIPTION	RECEIPTS (PAYMENTS)	BOND YIELD OF (5.612403%)	
03/22/25		-2,120.00	-2,645.39	
03/22/29	TOTALS:	-2,120.00	-2,645.39	

ISSUE DATE: 03/22/24 COMP DATE: 03/22/29 BOND YIELD: 5.612403%	
REBATABLE ARBITRAGE:	
-2,645.39	

!!"#$%& 5

NOTICE OF MEETING DATES GRANDE PINES
COMMUNITY DEVELOPMENT DISTRICT

The Board of Supervisors of the Grande Pines Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2026 at 10:00 am at the Offices of GMS-CF, LLC, 219 E. Livingston Street, Orlando, Florida 32801, on the third Monday of each month, unless otherwise indicated, as follows:

October 20, 2025
November 17, 2025
December 15, 2025
*Exception: January 26, 2026 (Original date falls on National Holiday)
February 16, 2026
March 16, 2026
April 20, 2026
May 18, 2026
June 15, 2026
July 20, 2026
August 17, 2026
September 21, 2026

The meetings are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. A copy of the meeting agenda may be obtained from the District Manager at 219 E. Livingston Street, Orlando, FL 32801.

The meetings may be continued to a date, time, and place as evidenced by motion of the majority of Board Members participating. There may be occasions when one or more Supervisors will participate by telephone.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodation to participate in this meeting is asked to advise the District Office at (407) 841-5524 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service (800) 955- 8770, who can aid you in contacting the District Office.

Each person who decides to appeal any action taken at these meetings 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.

Jason Showe District Manager
Governmental Management Services – Central Florida, LLC

!!"#$%& "

Grande Pines CDD
Field Management Report

July 21st, 2025 Jarett Wright Field Manager GMS

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Grande Pines CDD Field Management Report | GMS 2025

Site Items

General Maintenance

New 24V LED strips and endcaps are being ordered through Guardian Access.
The AC unit in the guardhouse is working, but there appears to be an issue with the drain line and is causing the unit to drip. Repairs are being scheduled.
Pressure washing of the CDD sidewalks at the front entrance are being scheduled for pressure washing.
Irrigation heads in the front entrance verge areas are the wrong models and will need to be switched out.
The Sand Skipper Rd fountain timers were adjusted for proper operation.

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Grande Pines CDD Field Management Report | GMS 2025