ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
OCTOBER 20, 2025
9:00 A.M.

Special District Services, Inc.
27499 Riverview Center Boulevard, #253 Bonita Springs, FL 33134
www.arborwoodcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
Amenity Center Community Room Somerset at the Plantation 10401 Dartington Drive
Fort Myers, Florida, 33913
REGULAR BOARD MEETING
October 20, 2025
9:00 A.M.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
August 12, 2025 Regular Board Meeting & Public Hearing Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2025-07 – Adopting a Fiscal Year 2024/2025 Amended Budget…	Page 7
Consider Resolution No. 2025-08 – Goals and Objectives Annual Report…	Page 14
Discussion Regarding Treeline Parcel On-Site Preserve Inspection Project No. 02WCO749…	Page 17
Discussion Regarding Bridgetown On-Site Preserves Inspection Project No. 02WCO749…	Page 18
Discussion Regarding of DRI Traffic Monitoring Report…	Page 19
Consider Approval of Signal Warrant Analysis Proposal…	Page 22
Status on Donated Parcels Notice to SFWMD
Auditor Selection Committee
Ranking of Proposals/Consider Selection of an Auditor…	Page 26
Administrative Matters
Attorney’s Report
Engineer Report
Field Inspectors Report
Preserve Compliance Updates
Bridgetown Report…	Page 88
Manager’s Report
Financials…	Page 89
Board Member Comments
Adjourn

Publication Date 2025-10-10

Subcategory Miscellaneous Notices

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
Regular Meetings of the Board of Supervisors of the Arborwood Community Development District will be held at 9:00 a.m. in the Amenity Center Community Room of Somerset at the Plantation located at 10401 Dartington Drive, Fort Myers, Florida 33913 on the following dates:
October 20, 2025
November 17, 2025
December 15, 2025
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. The meetings may be continued in progress without additional notice to a time, date, and location stated on the record. Copies of the agenda for these meetings may be obtained from the Districts website or from the District Manager, Special District Services, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410. 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 accommodations to participate in these meetings is asked to advise the District Office at least forty-eight (48) hours before the meeting by contacting the District Manager at 941-223-2475 and/or toll free at 1-877-737-4922. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800- 955-8770, who can aid you in contacting the District Office.
A person who decides to appeal any decision made at the meeting with respect to any matter considered at a particular meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.
Meetings may be cancelled from time to time without advertised notice. Michelle Krizen
District Manager Arborwood Community Development District www.arborwoodcdd.org No.11732215 Oct. 10, 2025

Page 1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
AUGUST 12, 2025

CALL TO ORDER

The August 12, 2025, Regular Board Meeting of the Arborwood Community Development District (the “District”) was called to order at 9:00 a.m. in the Amenity Center Community Room of the Somerset at the Plantation located at 10401 Dartington Drive, Fort Myers, Florida 33913.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on July 23, 2025, and July 30, 2025, as legally required.

ESTABLISH A QUORUM

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

Chairman	Jeff Gordish	Present	
Vice Chairperson	Karin Hagen	Present via phone	
Supervisor	Jack Aycock	Present	
Supervisor	Donald Schrotenboer	Present	
Supervisor	Christopher Anderson	Present	

Staff members in attendance were:

District Manager	Michelle Krizen	Special District Services, Inc.	
General Counsel	Wes Haber (via phone)	Kutak Rock, LLC	
District Engineer	Josh Evans	JR Evans Engineering	

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
July 21, 2025, Regular Board Meeting

The July 21, 2025, Regular Board Meeting minutes were presented for consideration.

It was noted that under Board Member Comments it should read “planting in the LME” not “plannings.”

Page 1 of 5

A MOTION was made by Mr. Schrotenboer, seconded by Mr. Gordish and passed unanimously approving the July 21, 2025, Regular Board Meeting minutes, as amended.

NEW BUSINESS
Consider Resolution No. 2025-03 – Resetting Public Hearing Date to Adopt Fiscal Year 2025/2026 Final Budget

Resolution No. 2025-03 was presented, entitled:

RESOLUTION NO. 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION NO. 2025- 02; AMENDING THE DATE AND TIME FOR THE PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2025/2026 FINAL BUDGET AND ASSESSMENTS AND AUTHORIZING THE SECRETARY AND DISTRICT MANAGER TO TAKE CERTAIN ACTIONS TO ACCOMPLISH THE INTENT OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Mr. Gordish, seconded by Mr. Schrotenboer and passed unanimously adopting Resolution No. 2025-03, resetting the Public Hearing for August 12, 2025, as presented.

Consider Resolution No. 2025-04 – Adopting a Fiscal Year 2025/2026 Meeting Schedule
Resolution No. 2025-04 was presented, entitled:

RESOLUTION NO. 2025-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

It was noted that this schedule was consistent with the current schedule of holding meeting on the third Monday of each month at 9:00 a.m.
A motion was made by Mr. Schrotenboer, seconded by Mr. Aycock and passed unanimously adopting Resolution No. 2025-04, as presented.

Consider Appointment of Audit Committee & Approval of Evaluation Criteria

A motion was made by Mr. Gordish, seconded by Mr. Schrotenboer and passed unanimously appointing the District Board as the Audit Committee and approving the evaluation criteria, as presented.

A motion was made by Mr. Aycock, seconded by Mr. Gordish and passed unanimously recessing the Regular Board Meeting and opening the Public Hearing.

PUBLIC HEARING
Page 2 of 5

Proof of Publication
Proof of publication was presented that notice of the Public Hearing had been published in the Fort Myers News-Press on July 23, 2025, and July 30, 2025, as legally required.

Receive Public Comment on Fiscal Year 2025/2026 Final Budget

There was no public comment on the Fiscal Year 2025/2026 Final Budget.

A motion was then made by Mr. Aycock, seconded by Mr. Gordish and passed unanimously closing the Public Hearing and reconvening the Regular Board Meeting.

Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2025/2026 Final Budget

Resolution No. 2025-05 was presented, entitled:

RESOLUTION 2025-05
[FY 2025/2026 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
A motion was made by Mr. Schrotenboer, seconded by Mr. Gordish and passed unanimously adopting Resolution No. 2025-05, as presented.

Consider Resolution No. 2025-06 – Adopting a Fiscal Year 2025/2026 Assessment Roll

Resolution No. 2025-06 was presented, entitled:
RESOLUTION 2025-06
[FY 2025/2026 ASSESSMENT RESOLUTION]
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR FUNDING FOR THE FY 2025/2026 ADOPTED BUDGET(S); 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.

A motion was made by Mr. Schrotenboer, seconded by Mr. Aycock and passed unanimously adopting Resolution No. 2025-06, as presented.

Page 3 of 5

OLD BUSINESS
Discussion Regarding Plantings in the Limited Maintenance Easements

Mr. Lorenz reported that best practices were to avoid plantings in the LME as part of the structure, which includes the sod and root system. Planting disturbs the root system in place. The Board reached a consensus that any request for planting in the LME should be sent to the District Engineer for a recommendation and should also be shared with the Board.

ADMINISTRATIVE MATTERS
Attorney’s Report

Mr. Haber had nothing further to report.

Engineer’s Report

The Dragonfly re-repairs have been completed; Mr. Lorenz is awaiting the completion report.

The Solitude flow way Lake 74 proposal has been presented to the Board. The work will have to be completed by boat with access needed from Marina Bay.

A motion was made Mr. Gordish, seconded by Mr. Aycock and passed unanimously approving the flow way Lake 74 proposal from Solitude in the amount of $1,200.
A second proposal from Solitude was presented for lake maintenance. The proposal includes treating the flow way for no additional cost.
A motion was made Mr. Gordish, seconded by Mr. Aycock and passed unanimously approving the proposal from Solitude for lake maintenance in the amount of $4,152.26 per month and authorizing District staff to work with the Chair to draft and execute a contract for same.

Mr. Aycock mentioned of a resident who wished to take a sample to the County for their free water testing. A discussion ensued regarding testing the water quality of Lake 74.

A motion was made by Mr. Aycock approving the testing of the water quality by the resident.  The motion
failed for lack of a second.
Preserves Compliance Report
It was noted that the reports had been completed and would be finalized this week.
Manager’s Report

The September 15, 2025, meeting has no agenda items. There was a consensus of the Board to cancel that meeting.

The next meeting will be held October 20, 2025.

The financials were presented to the Board Members. There were no questions.

Page 4 of 5

The potential recipient of the credits contacted the District Manager three weeks ago and was planning to send proof of their claim the next day. Nothing has been received as of this date.

The parcel has been donated to the City. Now that the deed has been recorded, the District needs to notify South Florida Water Management District.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Mr. Gordish, seconded by Mr. Aycock and passed unanimously adjourning the Regular Board Meeting at 9:53 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 5 of 5

RESOLUTION NO. 2025-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Arborwood Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is hereby approved and adopted.
Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 20th day of November, 2025.

ATTEST:	ARBORWOOD
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Arborwood Community Development District

Amended Final Budget Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

AMENDED BUDGET COMPARISON

AMENDED GENERAL FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2014 BOND

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

AMENDED BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES		FISCAL YEAR 2024/2025
ANNUAL BUDGET		FISCAL YEAR 2024/2025
AMENDED BUDGET		FISCAL YEAR 2024/2025 ACTUAL
10/1/2024 - 9/29/2025	
GENERAL FUND ON ROLL ASSESSMENT		527,357		527,419		527,419	
GENERAL FUND DIRECT BILL ASSESSMENTS		0		0		0	
DEBT ON ROLL ASSESSMENTS		3,251,341		3,250,658		3,250,658	
DEBT DIRECT BILL ASSESSMENTS		0		0		0	
INTEREST/MISCELLANEOUS GENERAL FUND		0		0		0	
GENERAL FUND OTHER REVENUES / CARRY OVER		15,000		0		0	
TOTAL REVENUES		$	3,793,698		$	3,778,077		$	3,778,077	

EXPENDITURES							
PAYROLL TAX EXPENSE		880		673		673	
SUPERVISOR FEES		11,000		8,800		8,800	
ENGINEERING		50,000		36,000		28,823	
MANAGEMENT		40,908		40,908		40,908	
LEGAL		20,000		18,000		10,274	
ASSESSMENT ROLL		5,000		5,000		5,000	
ANNUAL AUDIT		5,350		5,350		0	
ARBITRAGE REBATE FEE		1,000		1,000		1,000	
INSURANCE		13,000		6,994		6,994	
LEGAL ADVERTISING		5,250		5,250		3,874	
MISCELLANEOUS		3,300		3,300		3,046	
POSTAGE		1,150		1,925		1,877	
OFFICE SUPPLIES		2,300		1,325		1,189	
DUES & SUBSCRIPTIONS		175		175		175	
TRUSTEE FEES		27,500		12,739		12,739	
CONTINUING DISCLOSURE FEE		3,000		3,000		3,000	
AMORTIZATION SCHEDULES FEE		500		300		300	
:EBSITE		2,000		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		0		0	
TREELINE PRESERVE MAINTENANCE - EXOTICS		6,000		6,000		6,000	
DRI TRAFFIC MONITORING		5,000		5,000		0	
ENVIRONMENTAL CONSULTING - PASSARELLA		22,000		24,000		21,165	
PANTHER MITIGATION MAINTENANCE - EXOTICS		80,000		80,000		80,000	
CAPITAL OUTLAY - SMALL		1,000		500		0	
FLO::AY MAINTENANCE		4,600		2,000		1,200	
PRESERVE MAINTENANCE - PARCEL C		7,000		7,000		7,000	
LA.E MAINTENANCE - SOMERSET ONLY		46,100		49,348		49,348	
LA.E BAN. EROSION - SOMERSET ONLY		45,000		50,475		50,475	
PRESERVE MAINTENANCE (SOMERSET ONLY)		35,000		35,000		35,000	
FIELD INSPECTOR (SOMERSET ONLY)		25,500		25,456		25,456	
STORM:ATER DRAINS INS & MAINT (SOMERSET ONLY)		20,000		15,000		12,450	
LA.E BAN. INSPECTION - (SOMERSET ONLY)		7,500		7,200		7,200	
LA.E BAN. INSPECTION - (BRIDGETO:N ONLY)		6,500		6,951		6,951	
STORM:ATER DRAINS INS (BRIDGETO:N ONLY)		6,500		6,050		6,050	
Total Expenditures		511,263		472,719		438,967	
							
EXCESS / (S+ORTFALL)		$	3,282,435		$	3,305,358		$	3,339,110	
							
DEBT PAYMENTS (2014)		(594,025)		(592,961)		(592,961)	
DEBT PAYMENTS (2018)		(2,527,262)		(2,526,743)		(2,526,743)	
BALANCE		$	161,148		$	185,654		$	219,406	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(10,000)		(11,715)		(11,715)	
DISCOUNTS FOR EARLY PAYMENTS		(151,148)		(140,487)		(140,487)	
NET EXCESS / (S+ORTFALL)		$	-		$	33,452		$	67,204	

Note: All Figures are Un-audited

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES		FISCAL YEAR 2024/2025
ANNUAL BUDGET		FISCAL YEAR 2024/2025
AMENDED BUDGET		FISCAL YEAR 2024/2025 ACTUAL
10/1/2024 - 9/29/2025	
ON ROLL ASSESSMENTS		527,357		527,419		527,419	
DIRECT BILL ASSESSMENTS		0		0		0	
OTHER REVENUES / CARRY OVER		15,000		0		0	
Total Revenues		$	542,357		$	527,419		$	527,419	
	
EXPENDITURES	
PAYROLL TAX EXPENSE		880		673		673	
SUPERVISOR FEES		11,000		8,800		8,800	
ENGINEERING		50,000		36,000		28,823	
MANAGEMENT		40,908		40,908		40,908	
LEGAL		20,000		18,000		10,274	
ASSESSMENT ROLL		5,000		5,000		5,000	
ANNUAL AUDIT		5,350		5,350		0	
ARBITRAGE REBATE FEE		1,000		1,000		1,000	
INSURANCE		13,000		6,994		6,994	
LEGAL ADVERTISING		5,250		5,250		3,874	
MISCELLANEOUS		3,300		3,300		3,046	
POSTAGE		1,150		1,925		1,877	
OFFICE SUPPLIES		2,300		1,325		1,189	
DUES & SUBSCRIPTIONS		175		175		175	
TRUSTEE FEES		27,500		12,739		12,739	
CONTINUING DISCLOSURE FEE		3,000		3,000		3,000	
AMORTIZATION SCHEDULES FEE		500		300		300	
:EBSITE		2,000		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		0		0	
TREELINE PRESERVE MAINTENANCE - EXOTICS		6,000		6,000		6,000	
DRI TRAFFIC MONITORING		5,000		5,000		0	
ENVIRONMENTAL CONSULTING - PASSARELLA		22,000		24,000		21,165	
PANTHER MITIGATION MAINTENANCE - EXOTICS		80,000		80,000		80,000	
STREET LIGHTING - UTILITY & MAINTENANCE		0		0		0	
CAPITAL OUTLAY - SMALL		1,000		500		0	
FLO::AY MAINTENANCE		4,600		2,000		1,200	
PRESERVE MAINTENANCE - PARCEL C		7,000		7,000		7,000	
LA.E MAINTENANCE - SOMERSET ONLY		46,100		49,348		49,348	
LA.E BAN. EROSION - SOMERSET ONLY		45,000		50,475		50,475	
PRESERVE MAINTENANCE (SOMERSET ONLY)		35,000		35,000		35,000	
FIELD INSPECTOR (SOMERSET ONLY)		25,500		25,456		25,456	
STORM:ATER DRAINS INS (SOMERSET ONLY)		20,000		15,000		12,450	
LA.E BAN. INSPECTION (SOMERSET ONLY)		7,500		7,200		7,200	
LA.E BAN. INSPECTION (BRIDGETO:N ONLY)		6,500		6,951		6,951	
STORM:ATER DRAINS INS (BRIDGETO:N ONLY)		6,500		6,050		6,050	
Total Expenditures		511,263		472,719		438,967	
							
EXCESS / (S+ORTFALL)		$	31,094		$	54,700		$	88,452	
							
COUNTY APPRAISER & TAX COLLECTOR FEE		(10,000)		(1,172)		(1,172)	
DISCOUNTS FOR EARLY PAYMENTS		(21,094)		(21,171)		(21,073)	
							
NET EXCESS / (S+ORTFALL)		$	-		$	32,357		$	66,207	

Note: All Figures are Un-audited

Fund Balance on 9/30/2024	
Less Amended 2024/2025 Net Excess /(Shortfall)	
Estimated Fund Balance on 9/30/2025	

 
$	459,322	
$	32,357	
$	491,679	

2

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	Series 2014A-1 Bond			Series 2014A-2 Bond	
	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2024/2025	2024/2025 ACTUAL		2024/2025	2024/2025	2024/2025 ACTUAL	
	 ANNUAL BUDGET	AMENDED BUDGET  10/1/2024 - 9/29/2025		 ANNUAL BUDGET	 AMENDED BUDGET	10/1/2024 - 9/29/2025	

 REVENUES									
 REVENUES									
Net On Roll Assessments		489,445		488,536		488,536		Net On Roll Assessments		104,580		104,426			104,426	
Interest Income		0		29,500		29,381		Interest Income		0		6,500			6,450	
Bond Prepayments		0		0		0		Bond Prepayments		0		0			0	
 Direct Bill Assessments - Lennar 			0			0			0		 Direct Bill Assessments - Lennar				0			0			0	
 Total Revenues			 $	489,445		 $	518,036		 $	517,917		 Total Revenues			 $	104,580		 $	110,926		$	110,876	

 EXPENDITURES									
 EXPENDITURES									
Principal Payments		220,000		220,000		220,000		Principal Payments		50,000		50,000			50,000	
Interest Payments		269,445		276,690		276,690		Interest Payments		54,580		32,430			32,430	
Principal Redemption		0		10,000		10,000		Principal Redemption		0		0			0	
 Miscellaneous				0			0			0		 Miscellaneous				0			0			0	
 Total Expenditures			 $	489,445		 $	506,690		 $	506,690		 Total Expenditures			 $	104,580		 $	82,430		$	82,430	
																
 Excess / (Shortfall)			 $	-		 $	11,346		 $	11,227		 Excess / (Shortfall)			 $	-		 $	28,496		$	28,446	

Series 2014 A-1 Bond Information	Series 2014 A-2 Bond Information
Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652	
Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000	
Interest Rate =	6.90%	Interest Rate =	6.90%	
Bifurcated Date =	Dec 2014	Bifurcated Date =	Dec 2014	
Maturity Date =	May 2036	Maturity Date =	May 2036	
Annual Principal Payments Due =	May 1st	Annual Principal Payments Due =	May 1st	
Annual Interest Payments Due =	May 1st & November 1st	Annual Interest Payments Due =	May 1st & November 1st	

Maturity Par Amount As Of 9/30/25 =  $3,785,000	Maturity Par Amount As Of 9/30/25 $420,000

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$847,291	
$39,842	
$887,133	

Notes	Notes
Reserve Fund Balance = $503,233*. Revenue Fund Balance = $221,241*.	Reserve Fund Balance = $107,960*. Revenue Fund Balances = $52,481*. Prepayment Fund Balances = $2,218*.

Revenue Account	Revenue Account
To Fund November 1, 2025 Interest Payment:	To Fund November 1, 2025 Interest Payment:
Series 2014A-1: $130,583	Series 2014A-2: $14,490

* Approximate Amounts	* Approximate Amounts

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

2018A-1 & 2018A-2		
FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2024/2025	2024/2025	2024/2025 ACTUAL	
 REVENUES		 ANNUAL BUDGET  AMENDED BUDGET 10/1/2024 - 9/29/2025 	
Net On Roll Assessments		2,527,262		2,526,743		2,526,743		
Transfer from CP (2018)		0		188		188		
 Interest Income				0			82,200			82,063		
 Total Revenues			 $	2,527,262 		 $	2,609,131 		 $	2,608,994 		
 EXPENDITURES	
Principal Payments (2018A-1)		
1,210,000		
1,210,000		
1,210,000		
Principal Payments (2018A-2)		390,000		390,000		390,000		
Interest Payments (2018A-1)		588,234		604,871		604,871		
Interest Payments (2018A-2)		289,794		297,081		297,081		
 Miscellaneous / Prepayment				49,234			10,000			10,000		
 Total Expenditures			 $	2,527,262 		 $	2,511,952 		 $	2,511,953 		
 Excess / (Shortfall)			 $	- 		 $	97,179 		 $	97,041 		

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$1,503,503	
$97,179	
$1,600,682	

Notes
Reserve Fund Balances = $795,545*. Revenue Fund Balance = $805,137*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payments Of $425,195 (2018A-1: $285,798 & 2018A-2: $139,397).
* Approximate Amounts

	Series 2018 A-1 Bond Information	
Original Par Amount =	$24,465,000
Interest Rate =	3.02%
Issue Date =	February 2018
Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st
Annual Interest Payments Due =	May 1st & November 1st Par Amount As Of 9/30/25 =	$16,360,000

	Series 2018 A-2 Bond Information	
Original Par Amount =	$8,740,000
Interest Rate =	4.65%
Issue Date =	February 2018
Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st
Annual Interest Payments Due =	May 1st & November 1st Par Amount As Of 9/30/25 =	$5,670,000

RESOLUTION NO. 2025-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN ANNUAL REPORT OF GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the ARBORWOOD Community Development District (the “District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapters 189 and 190, Florida Statutes, as amended; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida, and creating Section 189.0694, Florida Statutes; and

WHEREAS, the District adopted Resolution 2024-07 on August 19, 2024, establishing goals and objectives for the District and creating performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, pursuant to Section 189.0694, Florida Statutes, the District must adopt and publish on its website an annual report prior to December 1st of each year, describing the goals and objectives achieved by the district, as well as the performance measures and standards used by the district to make this determination, and any goals or objectives the district failed to achieve.
WHEREAS, the District Manager has the annual report of the District’s goals, objectives, and performance measures and standards attached hereto and made a part hereof as Exhibit A (the “Annual Report”) and presented the Annual Report to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached annual report of the goals, objectives and performance measures and standards.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, THAT:
SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.

SECTION 2. The District Board of Supervisors hereby adopts the Annual Report regarding the District’s success or failure in achieving the adopted goals and objectives and directs the District Manager to take all necessary actions to comply with Section 189.0694, Florida Statutes.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 20th day of October, 2025.

ATTEST:	ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Annual Report of Performance Measures/Standards

Exhibit A

Program/Activity:	District Administration
Goal:	Remain compliant with Florida Law for all district meetings
Objectives:
Notice all District regular, special, and public hearing meetings
Conduct all post-meeting activities
District records retained in compliance with Florida Sunshine Laws
Performance Measures:
All Meetings publicly noticed as required (YES)
Meeting minutes and post-meeting action completed (YES)
District records retained as required by law (YES)

Program/Activity:	District Finance
Goal:	Remain Compliant with Florida Law for all district financing activities
Objectives:
District adopted fiscal year budget
District amended budget at end of fiscal year
Process all District finance accounts receivable and payable
Support District annual financial audit activities
Performance Measures:
District adopted fiscal year budget (YES)
District amended budget at end of fiscal year (YES)
District accounts receivable/payable processed for the year (YES)
“No findings” for annual financial audit (NO)
If “yes” explain

Program/Activity:	District Operations
Goal:	Insure, Operate and Maintain District owned Infrastructure & assets
Objectives:
Annual renewal of District insurance policy(s)
Contracted Services for District operations in effect
Compliance with all required permits
Performance Measures:
District insurance renewed and in force (YES)
Contracted Services in force for all District operations (YES)
Permits in compliance (YES)

.PASSARELLA

���gis�  &n.SSOCIATES �

Con ulting

-A-

TO:

FROM: DATE: RE:

Arborwood Community Development District Board c/o Michelle Krizen
L�r
Ramsey Fisher

August 18, 2025

Treeline Parcel On-Site Preserve Inspection Project No. 02WCO749

On July 15, 2025, an inspection of the Treeline Parcel On-Site Preserve was conducted following the completion of an exotic vegetation maintenance event by Woods and Wetlands, Inc. (W&W) in July 2025.

Signs of recent exotic treatment were observed during the inspection. Treated exotic vegetation primarily included torpedograss (Panicum repens), cogongrass (lmperata cylindrica), caesarweed (Urena lobata), and Brazilian pepper (Schinus terebinthifolia). Small amounts of persisting cogongrass were identified within the recently treated portions of the preserve area. Coordination with W&W was conducted, and a follow-up treatment of these and any other persisting exotics was conducted on July 28, 2025 by W&W. A follow-up inspection was conducted on July 31, 2025 and confirmed the persisting cogongrass was successfully treated.

Overall, the preserve area contained dense, desirable native vegetation, including bald cypress (Taxodium distichum), slash pine (Pinus elliottii), Carolina willow (Salix caroliniana), dahoon holly (flex cassine), wax myrtle (Morella cerifera), sawgrass (Cladiumjamaicense), swamp fem (Telmatoblechnum serrulatum), and sand cordgrass (Spartina bakeri), along with a large variety of other native species.

Please feel free to contact me if you have any questions. RF/Ir

Offices in Florida and South Carolina
13620 Metropolis AYenue • Suite 200 • Fort Myers, Florida 33912 • Phone: (239) 274-0067 • Fax: (239) 274-0069 • www.Passarella.net

,PASSARELLA
-�3;��:�J&	AssocrATES �

TO:

FROM: DATE: RE:

Arborwood Community Development District Board c/o Michelle Krizen
�("
Ramsey Fisher

August 18, 2025

Bridgetown On-Site Preserves Inspection Project No. 02WCO749

On July 15 and 16, 2025, an inspection of the Bridgetown On-Site Preserves was conducted following the completion of an exotic vegetation maintenance event by Woods and Wetlands, Inc. in July 2025.

Signs of recent exotic treatment were observed during the inspection. Treated exotic vegetation primarily included torpedograss (Panicum repens), Wright's nutrush (Scleria lacustris), caesarweed (Urena lobata), West Indian marshgrass (Hymenachne amplexicaulis), Brazilian pepper (Schinus terebinthifolia), and cogongrass (Imperata cylindrica), along with smaller amounts of American black nightshade (Solanum americanum) and climbing cassia (Senna pendula).

The next maintenance event is anticipated to occur in mid-2026 and will target the same and any new exotic species which are identified within the on-site preserves of Bridgetown.

Overall, the preserve areas contained dense, desirable native vegetation, including bald cypress (Taxodium distichum), slash pine (Pinus elliottii), laurel oak (Q. laurifolia), live oak (Quercus virginiana), Carolina willow (Salix caroliniana), dahoon holly (flex cassine), cabbage palm (Sabal palmetto), wax myrtle (Morella cerifera), cocoplum (Chrysobalanus icaco), saltbush (Baccharis halimifolia), saw palmetto (Serenoa repens), swamp fem (Telmatoblechnum serrulatum), and alligator flag (Thalia geniculata), along with a large variety of other native species.

Please feel free to contact me if you have any questions. RF/Ir

Offices in Florida and South Carolina
13620 Metropolis Avenue • Suite 200 • Fort Myers, Florida 33912 • Phone: (239) 274-0067 • Fax: (239) 274-0069 • www.Passarella.net

2726 OAK RIDGE COURT, SUITE 503 FORT MYERS, FL 33901-9356 OFFICE 239.278.3090
FAX 239.278.1906

TRAFFIC ENGINEERING TRANSPORTATION PLANNING SIGNAL SYSTEMS/DESIGN

M

, 202

FL 3
RE:	Arbrowood DRI Traffic Monitoring Report City of Fort Myers, Florida

Dear M:
Pursuant to	request, TR Transportation Consultants, Inc. is pleased to submit the following proposal in order to provide professional services required to complete a Biennial Traffic Monitoring Report for the Arborwood DRI property located in the City of Fort Myers, Florida.

Scope of Professional Services In order to fulfill this contract, TR Transportation agrees to provide the following listed professional services:

Traffic Monitoring Report
	 Establish the transportation methodology with City of Fort Myers Staff, if necessary. 	 Conduct weekday PM traffic counts at up to  ( ) intersections in the study area. 	Research and record any planned roadway improvements within the area.
	Analyze the required intersections to determine their allowable capacities.
	Prepare a comparison between the DRI forecasted trips to the field-measured trips.
	Prepare the written report for which summarizes the above previously listed findings and conclusions.
	Address sufficiency comments from the City with respect to the report.
Client/Consultant Agreement TR Transportation agrees to perform the above Tasks 1 – 7 for a lump sum fee of $,00.00. Should additional professional services outside those discussed above be requested of TR Transportation, such as attendance at additional meetings with staff or attendance at public hearings, those services will be billed on an hourly basis at the rates shown below. Prior to any additional work, written approval will be acquired. A separate
scope and fee will be provided should the City during the review process.
Category	Staff	request additional traffic analysis

Hourly Rate	
Senior Manager/Engineer		$ 225.00	
Senior Transportation Engineer		$ 170.00	
Project Consultant		$ 150.00	
Designer/Technician		$  95.00	
Support		$  50.00	

It is the customary practice of TR Transportation Consultants, Inc. to bill once a month for services rendered prior to that date and/or upon completion of the contract. All fees and reimbursable expenses invoiced are due upon receipt.

If you are in agreement with this proposal as well as the attached Terms and Conditions, please return one signed copy to our office. Once received, we will initiate work on this project. Should you have any questions concerning this proposal, please do not hesitate to contact me.

M
Arborwood DRI Traffic Monitoring
 202
Page 2

Sincerely,
TR Transportation Consultants, Inc.

Ted B. Treesh President
This is to certify that  has accepted the scope of work and cost described herein.

Signature & Title	Date

Please indicate below where our invoices should be sent for payment, if different from the name and address on the cover of this proposal.
Thank You
ATTACHMENT:	TERMS AND CONDITIONS

Send Invoice To:		
(Address)

Contact Person:

Phone/Fax:

E-Mail:

Date of Invoice Cycle:

TR TRANSPORTATION CONSULTANTS, INC. TERMS AND CONDITIONS

The Proposal, together with these Terms and Conditions, shall constitute the contract between the parties.

Governing Law; Prevailing Party Fees/Costs. Any dispute arising in connection with or related to the Proposal and/or these Terms and Conditions shall be governed by and construed in accordance with Florida law. The parties agree that the exclusive venue for any legal action brought in connection with the Proposal and/or these Terms and Conditions shall be in the State Courts located in Lee County, Florida.
Payment Terms; Past Due Balances. All sums owed to TR Transportation Consultants (Consultant) which are not paid when due shall accrue interest at 18% per annum until paid in full. If past due balances remain unpaid for 30 days, TR Transportation Consultants has the right to stop all work until the past due balances are paid in full.

No Damages for Delay. Under no circumstances shall TR Transportation Consultants be liable for any monetary damages because of any delay due to an Act of God, war, weather, strike, work stoppage, moratorium, pandemic, governmental shut-down, or event beyond the reasonable control of TR Transportation Consultants.

Damage Limitation. In the event of any breach of contract or defective work claim against TR Transportation Consultants, the total liability of Consultant shall be deemed limited to the actual amount of the contract price reflected on the Proposal that was actually paid to TR Transportation Consultants. TR Transportation Consultants is not liable for consequential, incidental, special or punitive damages arising from any breach of contract or defective work claim against TR Transportation Consultants.

Additional Work. Any work not appearing or described in the Proposal shall only be performed upon the execution of an appropriate amendment to the Proposal signed by both parties.
Opinions of Costs. If the work includes an engineer's opinion of cost, TR Transportation Consultants cannot and does not guarantee that the proposals, bids or actual construction costs will not vary from the opinion of cost rendered by TR Transportation Consultants because TR Transportation Consultants has no control over the cost of labor or materials to be furnished by others or market conditions.
Ownership of Documents. All documents and reports prepared by TR Transportation Consultants are instruments of service, and TR Transportation Consultants shall retain an ownership interest and property interest thereon. The contracting party may make and retain copies of said documents and reports for use in connection with the project and for no other purpose.
Suspension or Termination of Services TR Transportation Consultants has the right to suspend services or terminate its obligations under this agreement if any invoiced amounts are not paid within 120 days. Once services are suspended for nonpayment, they will be resumed at the convenience of TR Transportation Consultants when all past due amounts are paid in full. In the event of termination, TR Transportation Consultants has the right to payment from the Client for reasonable costs associated with termination. Any election to suspend services shall not preclude a later election to terminate. Any failure by TR Transportation Consultants to terminate or suspend services shall not constitute a waiver of these or any other rights. All rights and remedies in this section are in addition to, and are not be construed in any way as a limitation of, any rights and remedies available at law or equity.

General. No modification, waiver, amendment, discharge or change of the Proposal or these Terms and Conditions shall be valid unless the same is in writing and executed by both parties. No terms, conditions and/or limitations included on any form, purchase order, delivery ticket, invoice or other writings are appliable to and/or binding on TR Transportation Consultants or in any way modify, amend or supplement the Proposal and/or these Terms and Conditions. TR Transportation Consultants has the right to assign the Proposal and these Terms and Conditions to any person or entity who acquires TR Transportation Consultants or its assets.

Construction Defect Claim Notice (if applicable). ANY CLAIMS FOR CONSTRUCTION DEFECTS ARE SUBJECT TO THE NOTICE AND CURE PROVISIONS OF CHAPTER 558, FLORIDA STATUTES. (Fla. Stat.§ 558.005(6)).
No Personal Liability of Design Professionals. PURSUANT TO SECTION 558.0035, FLORIDA STATUTES, AN INDIVIDUAL EMPLOYEE OR AGENT OF TR TRANSPORTATION CONSULTANTS MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE.
15344150.1

2726 OAK RIDGE COURT, SUITE 503 FORT MYERS, FL 33901-9356 OFFICE 239.278.3090
FAX 239.278.1906

TRAFFIC ENGINEERING TRANSPORTATION PLANNING SIGNAL SYSTEMS/DESIGN

August 6, 2025

Ms. Michelle Krizen District Manager Arborwood CDD 2501 A Burns Rd
Palm Beach Gardens, FL 33410

RE:	Plantation Gardens Dr @ Treeline Ave – FDOT Signal Warrant Analysis Fort Myers, Florida

Dear Ms. Krizen:

Pursuant to J.R. Evans Engineering request, TR Transportation Consultants, Inc. is pleased to submit the following proposal in order to provide professional services required to complete a Signal Warrant Analysis for the Plantation Gardens Drive intersection with Treeline Avenue in the City of Fort Myers, Florida.

Scope of Professional Services In order to fulfill this contract, TR Transportation agrees to provide the following listed professional services:

Conduct a 13-hour continuous turning movement count at the Plantation Gardens Drive intersection with Treeline Avenue.
Request accident reports from City/County at the intersection for the last five (5) years to evaluate accident history at the intersection.
Evaluate the data collected in Task items #1 and #2 against the traffic signal warrant criteria contained in the most recent edition of the Manual on Uniform Traffic Control Devices (MUTCD). These criteria are currently utilized by the City/County in their evaluation as to whether a traffic signal is warranted at an intersection.
Prepare a summary memorandum outlining our findings and conclusions.

Client/Consultant Agreement TR Transportation agrees to perform the above Tasks 1 through 4 for a lump sum fee of $5,500.00. Should additional professional services outside those discussed above be requested of TR Transportation, such as attendance at additional meetings with staff or attendance at public hearings, those services will be billed on an hourly basis at the rates shown below. Prior to any additional work, written approval will be acquired.

Category	Hourly Rate	
Senior Manager/Engineer	$ 225.00	
Senior Transportation Engineer	$ 170.00	
Project Consultant	$ 150.00	
Designer/Technician	$  95.00	
Support	$  50.00	

It is the customary practice of TR Transportation Consultants, Inc. to bill once a month for services rendered prior to that date and/or upon completion of the contract. All fees and reimbursable expenses invoiced are due upon receipt.

If you are in agreement with this proposal and attached Terms and Conditions, please return one signed copy to our office. Once received, we will initiate work on this project. Should you have any questions concerning this proposal, please do not hesitate to contact me.

Sincerely,
TR Transportation Consultants, Inc.

Ted B. Treesh President

This is to certify that Arborwood CDD has accepted the scope of work and cost described herein.

Signature & Title	Date

Attachment: Terms and Conditions

Please indicate below where our invoices should be sent for payment, if different from the name and address on the cover of this proposal.
Thank You

Send Invoice To:		
(Address)

Contact Person:

Phone/Fax:

E-Mail:

Date of Invoice Cycle:

TR TRANSPORTATION CONSULTANTS, INC. TERMS AND CONDITIONS

The Proposal, together with these Terms and Conditions, shall constitute the contract between the parties.

Governing Law; Prevailing Party Fees/Costs. Any dispute arising in connection with or related to the Proposal and/or these Terms and Conditions shall be governed by and construed in accordance with Florida law. The parties agree that the exclusive venue for any legal action brought in connection with the Proposal and/or these Terms and Conditions shall be in the State Courts located in Lee County, Florida.
Payment Terms; Past Due Balances. All sums owed to TR Transportation Consultants (Consultant) which are not paid when due shall accrue interest at 18% per annum until paid in full. If past due balances remain unpaid for 30 days, TR Transportation Consultants has the right to stop all work until the past due balances are paid in full.

No Damages for Delay. Under no circumstances shall TR Transportation Consultants be liable for any monetary damages because of any delay due to an Act of God, war, weather, strike, work stoppage, moratorium, pandemic, governmental shut-down, or event beyond the reasonable control of TR Transportation Consultants.

Damage Limitation. In the event of any breach of contract or defective work claim against TR Transportation Consultants, the total liability of Consultant shall be deemed limited to the actual amount of the contract price reflected on the Proposal that was actually paid to TR Transportation Consultants. TR Transportation Consultants is not liable for consequential, incidental, special or punitive damages arising from any breach of contract or defective work claim against TR Transportation Consultants.

Additional Work. Any work not appearing or described in the Proposal shall only be performed upon the execution of an appropriate amendment to the Proposal signed by both parties.
Opinions of Costs. If the work includes an engineer's opinion of cost, TR Transportation Consultants cannot and does not guarantee that the proposals, bids or actual construction costs will not vary from the opinion of cost rendered by TR Transportation Consultants because TR Transportation Consultants has no control over the cost of labor or materials to be furnished by others or market conditions.
Ownership of Documents. All documents and reports prepared by TR Transportation Consultants are instruments of service, and TR Transportation Consultants shall retain an ownership interest and property interest thereon. The contracting party may make and retain copies of said documents and reports for use in connection with the project and for no other purpose.
Suspension or Termination of Services TR Transportation Consultants has the right to suspend services or terminate its obligations under this agreement if any invoiced amounts are not paid within 120 days. Once services are suspended for nonpayment, they will be resumed at the convenience of TR Transportation Consultants when all past due amounts are paid in full. In the event of termination, TR Transportation Consultants has the right to payment from the Client for reasonable costs associated with termination. Any election to suspend services shall not preclude a later election to terminate. Any failure by TR Transportation Consultants to terminate or suspend services shall not constitute a waiver of these or any other rights. All rights and remedies in this section are in addition to, and are not be construed in any way as a limitation of, any rights and remedies available at law or equity.

General. No modification, waiver, amendment, discharge or change of the Proposal or these Terms and Conditions shall be valid unless the same is in writing and executed by both parties. No terms, conditions and/or limitations included on any form, purchase order, delivery ticket, invoice or other writings are appliable to and/or binding on TR Transportation Consultants or in any way modify, amend or supplement the Proposal and/or these Terms and Conditions. TR Transportation Consultants has the right to assign the Proposal and these Terms and Conditions to any person or entity who acquires TR Transportation Consultants or its assets.

Construction Defect Claim Notice (if applicable). ANY CLAIMS FOR CONSTRUCTION DEFECTS ARE SUBJECT TO THE NOTICE AND CURE PROVISIONS OF CHAPTER 558, FLORIDA STATUTES. (Fla. Stat.§ 558.005(6)).
No Personal Liability of Design Professionals. PURSUANT TO SECTION 558.0035, FLORIDA STATUTES, AN INDIVIDUAL EMPLOYEE OR AGENT OF TR TRANSPORTATION CONSULTANTS MAY NOT BE HELD INDIVIDUALLY LIABLE FOR NEGLIGENCE.
15344150.1

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT RANKING OF AUDITOR PROPOSALS
FOR FISCAL YEAR ENDING 9/30/25

	Audit Firms	

Criteria	Point Range	

Berger, Toombs, Elam, Gaines & Frank	

Grau & Associates	

Ability of Personnel: (E.g., geographic locations of the firms headquarters of permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load).	

1-10	

8	

9	

Proposer's Experience: (E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation).	

1-10	

8	

9	

Understanding of Scope of Work: Extent to which the proposal demonstrates an understanding of the District's needs for the services requested.	

1-10	

9	

9	

Ability to Furnish the Required Services: Extent to which the proposal demonstrates the adequacy of Proposer's financial resources and stability as a business entity necessary to complete the services required.	

1-10	

5	

9	

Price: Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.	

1-10	

9	

8	

TOTAL POINTS	
50	
39	
44	
				
BID PRICE - 2024/2025 AUDIT		$5,250.00	$5,800.00	
BID PRICE - 2025/2026 AUDIT		$5,250.00	$5,900.00	
BID PRICE - 2026/2027 AUDIT		$4,450.00	$6,000.00	
BID PRICE - 2027/2028 AUDIT		$4,450.00	$6,100.00	
BID PRICE - 2028/2029 AUDIT		$5,575.00	$6,200.00	

COMMENTS:		Currently the auditing firm for more than 75 Special	Currently the auditing firm for more than	
		Districts and Governmental Entities (including Arborwood).	300 Special Districts and Governmental Entities.	
		Please note that this firm has furnished the Arborwood		
		audit three months late for the last three fiscal years.		

RECOMMENDATION:	Management recommends that Grau & Associates, the firm with the most experience, be selected	
	to perform the September 30, 2025, 2026 and 2027 annual audits, with an option subject to fee	
	adjustments for inflation, to perform the fiscal year end audits for the two following years (FYE 9/30/28, FYE 9/30/29).	
	It is unacceptable that the current auditor, Berger Toombs, has delivered the audit three months late for the past three years.	
Note: 2025/2026 Budget For Audit Services is $5,450.00

ARB 2024-2025 Audit Bid Rankings	Page 26

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
PROPOSAL FOR AUDIT SERVICES

PROPOSED BY:

Berger, Toombs, Elam, Gaines & Frank CERTIFIED PUBLIC ACCOUNTANTS, PL

600 Citrus Avenue, Suite 200	(772) 461-6120 Fort Pierce, Florida 34950

CONTACT PERSON:
Maritza Stonebraker, CPA, Director

DATE OF PROPOSAL:

September 16, 2025

TABLE OF CONTENTS

DESCRIPTION OF SECTION	PAGE
Letter of Transmittal	1-2
Profile of the Proposer
Description and History of Audit Firm	3
Professional Staff Resources	4-5
Ability to Furnish the Required Services	5
Governmental Auditing Experience	6-15
Fee Schedule	16
Scope of Work to be Performed	16
Resumes	17-32
Peer Review Letter	33
Instructions to Proposers	34-35
Evaluation Criteria	36

September 16, 2025

Arborwood Community Development District Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, FL 33410 Dear District Manager:
Thank you very much for the opportunity to present our professional credentials to provide audit services for Arborwood Community Development District.
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has assembled a team of governmental and nonprofit specialists second to none to serve our clients. Our firm has the necessary qualifications and experience to serve as the independent auditors for Arborwood Community Development District. We will provide you with top quality, responsive service.

Experience

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a recognized leader in providing services to governmental and nonprofit agencies throughout Florida. We have been the independent auditors for a number of local governmental agencies and through our experience in performing their audits, we have been able to increase our audit efficiency and; therefore, reduce costs. We have continually passed this cost savings 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 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 the standards for financial and compliance audits. We will conduct the audit in accordance with auditing standards generally accepted in the United States of America; “Government Auditing Standards” issued by the Comptroller General of the United States; the provisions of the Single Audit Act, Subpart F of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 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.

- 1 -
Page 29

Arborwood Community Development District September 16, 2025
Our firm is a member of the Government Audit Quality Center, an organization dedicated to improving government audit quality. We also utilize the audit program software of a nationally recognized CPA firm to assure us that we are up to date with all auditing standards and to assist us maintain maximum audit efficiencies.

To facilitate your evaluation of our qualifications and experience, we have arranged this proposal to include a resume of our firm, including our available staff, our extensive prior governmental and nonprofit auditing experience and clients to be contacted.
You need a firm that will provide an efficient, cost-effective, high-quality audit within critical time constraints. You need a firm with the prerequisite governmental and nonprofit experience to perform your audit according to stringent legal and regulatory requirements, a firm that understands the complex nature of community development districts and their unique compliance requirements. You need a firm with recognized governmental and nonprofit specialists within the finance and governmental communities. And, certainly, you need a firm that will provide you with valuable feedback to enhance your current and future operations. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is that firm. Maritza Stonebraker is the person authorized to make representations for the firm.
Thank you again for the opportunity to submit this proposal to Arborwood Community Development District.

Very truly yours,

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida

- 2 -
Page 30

PROFILE OF THE PROPOSER
Description and History of Audit Firm
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a Treasure Coast public accounting firm, which qualifies as a small business firm, as established by the Small Business Administration (13 CFR 121.38), with offices in Fort Pierce and Stuart. We are a member of the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. The firm was formed from the merger of Edwards, Berger, Harris & Company (originated in 1972) and McAlpin, Curtis & Associates (originated in 1949). J. W. Gaines and Associates (originated in 1979) merged with the firm in 2004. Our tremendous growth rate experienced over the last 69 years is directly attributable to the firm’s unrelenting dedication to providing the highest quality, responsive professional services attainable to its clients.
We are a member of the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) to assure we meet the highest standards. Membership in this practice section requires that our firm meet more stringent standards than standard AICPA membership. These rigorous requirements include the requirement of a triennial peer review of our firm’s auditing and accounting practice and annual Continuing Professional Education (CPE) for all accounting staff (whether CPA or non-CPA). For standard AICPA membership, only a quality review is required and only CPAs must meet CPE requirements.
We are also a member of the Government Audit Quality Center (“the Center”) of the American Institute of Certified Public Accountants to assure the quality of our government audits. Membership in the Center, which is voluntary, requires our firm to comply with additional standards to promote the quality of government audits.
We have been extensively involved in serving local government entities with professional accounting, auditing and consulting services throughout the entire 69 year history of our firm. Our substantial experience over the years makes us uniquely qualified to provide accounting, auditing, and consulting services to these clients. We are a recognized leader in providing services to governmental and nonprofit agencies on the Treasure Coast and in Central and South Florida, with extensive experience in auditing community development districts and water control districts. We were the independent auditors of the City of Fort Pierce for over 37 years and currently, we are the independent auditors for St. Lucie County since 2002, and for 34 of the 38 years that the county has been audited by CPA firms. Additionally, we have performed audits of the City of Stuart, the City of Vero Beach, Indian River County and Martin County. We also presently audit over 75 Community Development Districts throughout Florida.
Our firm was founded on the belief that we are better able to respond to our clients needs through education, experience, independence, quality control, and personal service. Our firm’s commitment to quality is reflected in our endeavor of professional excellence via continuing education, the use of the latest computer technology, professional membership in PCPS and peer review.
We believe our approach to audit engagements, intelligence and innovation teamed with sound professional judgment enables us to explore new concepts while remaining sensitive to the fundamental need for practical solutions. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.

Professional Staff Resources

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has a total of
32 professional and administrative staff (including 12 professional staff with extensive experience servicing government entities). The work will be performed out of our Fort Pierce office with a proposed staff of one senior accountant and one or two staff accountants supervised by an audit manager and audit partner. With the exception of the directors of the firm’s offices, the professional staff is not specifically assigned to any of our individual offices. The professional and administrative staff resources available to you through Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL are as follows:
Total
Partners/Directors (CPA’s)	7	
Managers (1 CPA)	2	
Senior/Supervisor Accountants (1 CPA)	3	
Staff Accountants	8	
Paraprofessional	6	
Administrative	 6	
Total – all personnel	32	

Following is a brief description of each employee classification:

Staff Accountant – Staff accountants work directly under the constant supervision of the auditor-in-charge and, are responsible for the various testing of documents, account analysis and any other duties as his/her supervisor believes appropriate. Minimum qualification for a staff accountant is graduation from an accredited university or college with a degree in accounting or equivalent.
Senior Accountant – A senior accountant must possess all the qualifications of the staff accountant, in addition to being able to draft the necessary reports and financial statements, and supervise other staff accountants when necessary.

Managers – A manager must possess the qualifications of the senior accountant, plus be able to work without extensive supervision from the auditor-in-charge. The manager should be able to draft audit reports from start to finish and to supervise the audit team, if necessary.
Partner/Director – The director has extensive governmental auditing experience and acts as the auditor-in-charge. Directors have a financial interest in the firm.

Professional Staff Resources (Continued)

Independence – Independence of the public accounting firm, with respect to the audit client, is the foundation from which the public gains its trust in the opinion issued by the public accounting firm at the end of the audit process. This independence must be in appearance as well as in fact. The public must perceive that the accounting firm is independent of the audit entity to ensure that nothing would compromise the opinion issued by the public accounting firm. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is independent of Arborwood Community Development District, including its elected officials and related parties, at the date of this proposal, as defined by the following rules, regulations, and standards:
AuSection 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-1, Florida Administrative Code; Section 473.315, Florida Statutes; and,
Government Auditing Standards, issued by the Comptroller General of the United States.
On an annual basis, all members of the firm are required to confirm, in writing, that they have no personal or financial relationships or holding that would impair their independence with regard to the firm’s clients.

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, the utmost care must be exercised by independent auditors in the performance of their duties.
Ability to Furnish the Required Services

As previously noted in the Profile of the Proposer section of this document, our firm has been in existence for over 74 years. We have provided audit services to some clients for over 30 years continually. Our firm is insured against physical loss through commercial insurance and we also carry liability insurance. The majority of our audit documentation is stored electronically, both on our office network and on each employee laptop or computer assigned to each specific job. Our office computer network is backed up on tape, so in the event of a total equipment loss, we can restore all data as soon as replacement equipment is acquired. In addition, our field laptop computers carry the same data and can be used in the event of emergency with virtually no delay in completing the required services.

GOVERNMENTAL AUDITING EXPERIENCE

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has been practicing public accounting in Florida for 69 years. Our success over the years has been the result of a strong commitment to providing personalized quality service to our clients.
The current members of our firm have performed audits of over 1,100 community development districts, and over 2,100 audits of municipalities, counties and other governmental entities such as the City of Fort Pierce and St. Lucie County.

Our firm provides a variety of accounting, auditing, tax litigation support, and consulting services. Some of the professional accounting, auditing and management consulting services that are provided by our firm are listed below:

Performance of annual financial and compliance audits, including Single Audits of state and federal financial assistance programs, under the provisions of the Single Audit Act, Subpart F of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), with minimal disruptions to your operations;
Performance of special compliance audits to ascertain compliance with the applicable local, state and federal laws and regulations;
Issuance of comfort letters and consent letters in conjunction with the issuance of tax- exempt debt obligations, including compiling financial data and interim period financial statement reviews;
Calculation of estimated and actual federal arbitrage rebates;
Assistance in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement for Excellence in Financial Reporting;
Preparation of indirect cost allocation systems in accordance with Federal and State regulatory requirements;
Providing human resource and employee benefit consulting;
Performance of automation feasibility studies and disaster recovery plans;
Performance feasibility studies concerning major fixed asset acquisitions and utility plant expansion plans (including electric, water, pollution control, and sanitation utilities); and
Assistance in litigation, including testimony in civil and criminal court.
Assist clients who utilize QuickBooks software with their software needs. Our Certified QuickBooks Advisor has undergone extensive training through QuickBooks and has passed several exams to attain this Certification.
Continuing Professional Education

All members of the governmental audit staff of our firm, and audit team members assigned to this engagement, are in compliance with the Continuing Professional Education (CPE) requirements set forth in Government Auditing Standards issued by the Comptroller General of the United States. In addition, our firm is in compliance with the applicable provisions of the Florida Statutes that require CPA’s to have met certain CPE requirements prior to proposing on governmental audit engagements.

GOVERNMENTAL AUDITING EXPERIENCE (CONTINUED)

The audit team has extensive experience in performing governmental audits and is exposed to intensive and continuing concentration on these types of audits. Due to the total number of governmental audits our team performs, each member of our governmental staff must understand and be able to perform several types of governmental audits. It is our objective to provide each professional employee fifty hours or more of comprehensive continuing professional education each year. This is accomplished through attending seminars throughout Florida and is reinforced through in-house training.
Our firm has made a steadfast commitment to professional education. Our active attendance and participation in continuing professional education is a major part of our objective to obtain the most recent knowledge on issues which are of importance to our clients. We are growing on the reputation for work that our firm is providing today.
Quality Control Program

Quality control requires continuing commitment to professional excellence. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is formally dedicated to that commitment.

To ensure maintaining the standards of working excellence required by our firm, we joined the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). To be a participating member firm of this practice section, a firm must obtain an independent Peer 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 the 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 continuation of clients; and,
Inspection and review system.
We believe that our commitment to the program is rewarding not only to our firm, but primarily to our clients.
The external independent Peer Review of the elements of our quality control policies and procedures performed by an independent certified public accountant, approved by the PCPS of the AICPA, provides you with the assurance that we continue to conform to standards of the profession in the conduct of our accounting and auditing practice.

Our firm is also a member of Governmental Audit Quality Center (GAQC), a voluntary membership center for CPA firms that perform governmental audits. This center promotes the quality of governmental audits.
Our firm has completed successive Peer Reviews. These reviews included a representative sample of our firm’s local governmental auditing engagements. As a result of these reviews, our firm obtained an unqualified opinion on our quality control program and work procedures. On page 34 is a copy of our most recent Peer Review report. It should be noted that we received a pass rating.

Our firm has never had any disciplinary actions by state regulatory bodies or professional organizations.
As our firm performs approximately one hundred audits each year that are reviewed by federal, state or local entities, we are constantly dealing with questions from these entities about our audits. We are pleased to say that any questions that have been raised were minor issues and were easily resolved without re-issuing any reports.

Certificate of Achievement for Excellence in Financial Reporting (CAFR)

We are proud and honored to have been involved with the City of Fort Pierce and the Fort Pierce Utilities Authority when they received their first Certificates of Achievement for Excellence in Financial Reporting for the fiscal years ended September 30, 1988 and 1994, respectively. We were also instrumental in the City of Stuart receiving the award, in our first year of performing their audit, for the year ended September 30, 1999.
We also assisted St. Lucie County, Florida for the year ended September 30, 2003, in preparing their first Comprehensive Annual Financial Report, and St. Lucie County has received their Certificate of Achievement for Excellence in Financial Reporting every year since.

As continued commitment to insuring that we are providing the highest level of experience, we have had at least one employee of our firm serve on the GFOA – Special Review Committee since the mid-1980s. This committee is made up of selective Certified Public Accountants throughout the United States who have demonstrated their high level of knowledge and expertise in governmental accounting. Each committee member attends a special review meeting at the Annual GFOA Conference. At this meeting, the committee reports on the Certificate of Achievement Program’s most recent results, future goals, and common reporting deficiencies.

We feel that our previous experience in assisting the City of Fort Pierce, the Fort Pierce Utilities Authority and St. Lucie County obtain their first CAFRs, and the City of Stuart in continuing to receive a CAFR and our firm’s continued involvement with the GFOA, and the CAFR review committee make us a valued asset for any client in the field of governmental financial reporting.

References

Florida Green Finance Authority	Gateway Community Development
Jeff Walker, Special District Services	District
(561) 630-4922	Stephen Bloom, Severn Trent Management (954) 753-5841
South Village Community Development District
Darrin Mossing, Governmental Management	Habitat Community Development Services LLC		District
(407) 841-5524	Cal Teague, Premier District Management
(239) 690-7100 ext 101

In addition to the above, we have the following additional governmental audit experience: Community Development Districts
Aberdeen Community Development	Beacon Lakes Community District		Development District

Alta Lakes Community Development	Beaumont Community Development District		District

Amelia Concourse Community	Bella Collina Community Development
Development District	District

Amelia Walk Communnity	Bonnet Creek Community
Development District	Development District

Aqua One Community Development	Buckeye Park Community District		Development District

Arborwood Community Development	Candler Hills East Community District		Development District

Arlington Ridge Community	Cedar Hammock Community
Development District	Development District

Bartram Springs Community	Central Lake Community
Development District	Development District

Baytree Community Development	Channing Park Community
District	Development District

Cheval West Community	Evergreen Community Development
Development District	District

Coconut Cay Community	Forest Brooke Community Development District		Development District

Colonial Country Club Community	Gateway Services Community
Development District	Development District

Connerton West Community	Gramercy Farms Community
Development District	Development District

Copperstone Community	Greenway Improvement District Development District

Creekside @ Twin Creeks Community	Greyhawk Landing Community Development District		Development District

Deer Run Community Development	Griffin Lakes Community Development District		District

Dowden West Community	Habitat Community Development
Development District	District

DP1 Community Development	Harbor Bay Community Development
District	District

Eagle Point Community Development	Harbourage at Braden River District		Community Development District

East Nassau Stewardship District	Harmony Community Development
District
Eastlake Oaks Community
Development District	Harmony West Community Development District
Easton Park Community Development
District	Harrison Ranch Community
Development District
Estancia @ Wiregrass Community
Development District	Hawkstone Community Development District

Heritage Harbor Community	Madeira Community Development
Development District	District

Heritage Isles Community	Marhsall Creek Community
Development District	Development District

Heritage Lake Park Community	Meadow Pointe IV Community
Development District	Development District

Heritage Landing Community	Meadow View at Twin Creek
Development District	Community Development District

Heritage Palms Community	Mediterra North Community
Development District	Development District

Heron Isles Community	Midtown Miami Community
Development District	Development District

Heron Isles Community Development	Mira Lago West Community District		Development District

Highland Meadows II Community	Montecito Community
Development District	Development District

Julington Creek Community	Narcoossee Community
Development District	Development District

Laguna Lakes Community	Naturewalk Community
Development District	Development District

Lake Bernadette Community	New Port Tampa Bay Community
Development District	Development District

Lakeside Plantation Community	Overoaks Community Development
Development District	District

Landings at Miami Community	Panther Trace II Community
Development District	Development District

Legends Bay Community	Paseo Community Development
Development District	District

Lexington Oaks Community	Pine Ridge Plantation Community
Development District	Development District

Live Oak No. 2 Community	Piney Z Community Development
Development District	District

Poinciana Community	Sampson Creek Community
Development District	Development District

Poinciana West Community	San Simeon Community
Development District	Development District

Port of the Islands Community	Six Mile Creek Community
Development District	Development District

Portofino Isles Community	South Village Community
Development District	Development District

Quarry Community Development	Southern Hills Plantation I
District	Community Development District

Renaissance Commons Community	Southern Hills Plantation III Development District		Community Development District

Reserve Community	South Fork Community
Development District	Development District

Reserve #2 Community	St. John's Forest Community
Development District	Development District

River Glen Community	Stoneybrook South Community
Development District	Development District

River Hall Community	Stoneybrook South at ChampionsGate
Development District	Community Development District

River Place on the St. Lucie	Stoneybrook West Community
Community Development District	Development District

Rivers Edge Community	Tern Bay Community
Development District	Development District

Riverwood Community	Terracina Community Development
Development District	District

Riverwood Estates Community	Tison's Landing Community
Development District	Development District

Rolling Hills Community	TPOST Community Development
Development District	District

Rolling Oaks Community Development District

Triple Creek Community	Vizcaya in Kendall
Development District	Development District

TSR Community Development	Waterset North Community
District	Development District

Turnbull Creek Community	Westside Community Development
Development District	District

Twin Creeks North Community	WildBlue Community Development
Development District	District

Urban Orlando Community	Willow Creek Community
Development District	Development District

Verano #2 Community	Willow Hammock Community
Development District	Development District

Viera East Community	Winston Trails Community
Development District	Development District

VillaMar Community	Zephyr Ridge Community
Development District	Development District

Other Governmental Organizations

City of Westlake

Florida Inland Navigation District Fort Pierce Farms Water Control
District

Indian River Regional Crime Laboratory, District 19, Florida
Viera Stewardship District

Office of the Medical Examiner, District 19
Rupert J. Smith Law Library of St. Lucie County
St. Lucie Education Foundation Seminole Improvement District Troup Indiantown Water
Control District

Current or Recent Single Audits,

St. Lucie County, Florida Early Learning Coalition, Inc.
Gateway Services Community Development District Healthy Start Coalition
Members of our audit team have acquired extensive experience from performing or participating in over 1,800 audits of governments, independent special taxing districts, school boards, and other agencies that receive public money and utilize fund accounting.

Much of our firm’s auditing experience is with compliance auditing, which is required for publicly financed agencies. In this type of audit, we do a financial examination and also confirm compliance with various statutory and regulatory guidelines.
Following is a summary of our other experience, including Auditor General experience, as it pertains to other governmental and fund accounting audits.

Counties
(Includes elected constitutional officers, utilities and dependent taxing districts)

Indian River Martin Okeechobee Palm Beach
Municipalities

City of Port St. Lucie City of Vero Beach Town of Orchid

Special Districts

Bannon Lakes Community Development District Boggy Creek Community Development District Capron Trail Community Development District Celebration Pointe Community Development District Coquina Water Control District
Diamond Hill Community Development District Dovera Community Development District
Durbin Crossing Community Development District Golden Lakes Community Development District Lakewood Ranch Community Development District Martin Soil and Water Conservation District Meadow Pointe III Community Development District Myrtle Creek Community Development District
St. Lucie County – Fort Pierce Fire District The Crossings at Fleming Island
St. Lucie West Services District
Indian River County Mosquito Control District St. John’s Water Control District
Westchase and Westchase East Community Development Districts Pier Park Community Development District
Verandahs Community Development District Magnolia Park Community Development District
Schools and Colleges

Federal Student Aid Programs – Indian River Community College Indian River Community College
Okeechobee County District School Board St. Lucie County District School Board
Indian River School District – Internal Accounts State and County Agencies
Central Florida Foreign-Trade Zone, Inc. (a nonprofit organization affiliated with the St. Lucie County Board of County Commissioners)
Florida School for Boys at Okeechobee
Indian River Community College Crime Laboratory Indian River Correctional Institution

FEE SCHEDULE

We propose the fee for our audit services described below to be $5,250 for the years ended September 30, 2025 and 2026, $4,450 for the years ended September 30, 2027 and 2028, and
$5,575 for the year ended September 30, 2029. In addition, if a bond issuance occurs during the fiscal year, there will be an additional fee per issuance. The fee is contingent upon the financial records and accounting systems of Arborwood Community Development District being “audit ready” and the financial activity for the District is not materially increased. If we discover that additional preparation work or subsidiary schedules are needed, we will consult with your authorized representative. We can assist with this additional work at our standard rates should you desire.
SCOPE OF WORK TO BE PERFORMED
If selected as the District's auditors, we will perform a financial and compliance audit in accordance with Section 11.45, Florida Statutes, in order to express an opinion on an annual basis on the financial statements of Arborwood Community Development District as of September 30, 2025, 2026, 2027, 2028, and 2029. The audits will be performed to the extent necessary to express an opinion on the fairness in all material respects with which the financial statements present the financial position, results of operations and changes in financial position in conformity with generally accepted accounting principles and to determine whether, for selected transactions, operations are properly conducted in accordance with legal and regulatory requirements. Reportable conditions that are also material weaknesses shall be identified as such in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters. Other (non-reportable) conditions discovered during the course of the audit will be reported in a separate letter to management, which will be referred to in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters.
Our audit will be performed in accordance with standards for financial and compliance audits contained in Government Auditing Standards, as well as in compliance with rules and regulations of audits of special districts as set forth by the State Auditor General in Chapter 10.550, Local Governmental Entity Audits, and other relevant federal, state and county orders, statutes, ordinances, charter, resolutions, bond covenants, Administrative Code and procedures, or rules and regulations which may pertain to the work required in the engagement.
The primary purpose of our audit will be to express an opinion on the financial statements discussed above. It should be noted that such audits are subject to the inherent risk that errors or irregularities may not be detected. However, if conditions are discovered which lead to the belief that material errors, defalcations or other irregularities may exist or if other circumstances are encountered that require extended services, we will promptly notify the appropriate individual.

David S. McGuire, CPA, CITP
Director – 31 years experience

Education
University of Central Florida, B.A. – Accounting
Barry University – Master of Professional Accountancy
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Certified Information Technology Professional (CITP) – American Institute of Certified Public Accountants
Certified Not-For-Profit Core Concepts 2018
Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Associate Member, Florida Government Finance Office Associates
Assistant Coach – St. Lucie County Youth Football Organization (1994 – 2005)
Assistant Coach – Greater Port St. Lucie Football League, Inc. (2006 – 2010)
Board Member – Greater Port St. Lucie Football League, Inc. (2011 – 2017)
Treasurer, AIDS Research and Treatment Center of the Treasure Coast, Inc. (2000 – 2003)
Board Member/Treasurer, North Treasure Coast Chapter, American Red Cross (2004 – 2010)
Member/Board Member of Port St. Lucie Kiwanis (1994 – 2001)
President (2014/15) of Sunrise Kiwanis of Fort Pierce (2004 – 2017)
St. Lucie District School Board Superintendent Search Committee (2013 – present)
Board Member – Phrozen Pharoes (2019-2021)
Professional Experience
Twenty-eight years public accounting experience with an emphasis on nonprofit and governmental organizations.
Audit Manager in-charge on a variety of audit and review engagements within several industries, including the following government and nonprofit organizations:
St. Lucie County, Florida
19th Circuit Office of Medical Examiner Troup Indiantown Water Control District
Exchange Club Center for the Prevention of Child Abuse, Inc. Healthy Kids of St. Lucie County
Mustard Seed Ministries of Ft. Pierce, Inc. Reaching Our Community Kids, Inc.
Reaching Our Community Kids - South
St. Lucie County Education Foundation, Inc. Treasure Coast Food Bank, Inc.
North Springs Improvement District
Four years of service in the United States Air Force in computer operations, with a top secret (SCI/SBI) security clearance.

David S. McGuire, CPA, CITP (Continued)
Director

Continuing Professional Education
Mr. McGuire has attended numerous continuing professional education courses and seminars taught by nationally recognized sponsors in the accounting auditing and single audit compliance areas. He has attended courses over the last two years in those areas as follows:
Not-for-Profit Auditing Financial Results and Compliance Requirements Update: Government Accounting Reporting and Auditing
Annual Update for Accountants and Auditors

Matthew Gonano, CPA
Director – 14 years total experience

Education
University of North Florida, B.B.A. – Accounting
University of Alicante, Spain – International Business
Florida Atlantic University – Masters of Accounting

Professional Affiliations/Community Service

American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants
Professional Experience

Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.
Performed audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with OMB Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations.

Continuing Professional Education
Mr. Gonano has participated in numerous continuing professional education courses.

Melissa Marlin, CPA
Director – 12 years

Education
Indian River State College, A.A. – Accounting
Florida Atlantic University, B.B.A. – Accounting

Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy

Professional Affiliations/Community Service
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Affiliate member of the Government Finance Officers Association
Professional Experience
Accountant with over 10 years of experience providing professional services to nonprofit and governmental entities.
Performed over 300 audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with 2 CFR Part 200 Subpart F, Uniform Guidance, Audits of State, Local Governments, and Non-Profit Organizations.

Continuing Professional Education
Mrs. Marlin participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments in accounting and auditing such as:
Governmental Accounting Report and Audit Update
Analytical Procedures, FICPA
Annual Update for Accountants and Auditors
Single Audit Sampling and Other Considerations

Maritza Stonebraker, CPA
Director – 10 years

Education
Indian River State College, B.S. – Accounting

Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Professional Affiliations/Community Service

Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Affiliate of the Government Finance Officers Association
Professional Experience
Maritza launched her professional auditing career at Berger, Toombs, Elam, Gaines, & Frank, accumulating over 9 years of expertise in the field
Performed over 300 audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with 2 CFR Part 200 Subpart F, Uniform Guidance, Audits of State, Local Governments, and Non-Profit Organizations.
Continuing Professional Education
Mrs. Stonebraker participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments in accounting and auditing such as:
Governmental Accounting Report and Audit Update
Analytical Procedures, FICPA
Annual Update for Accountants and Auditors
Single Audit Sampling and Other Considerations

Jonathan Herman, CPA
Director – 12 years

Education
University of Central Florida, B.S. – Accounting
Florida Atlantic University, MACC

Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy

Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Affiliate member Government Finance Officers Association
Professional Experience
Over 10 years experience in all phases of public accounting and auditing experience, with a concentration in financial and compliance audits. Mr. Herman has been involved in all phases of the audits listed on the preceding pages.

Continuing Professional Education
Has participated in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. He has attended courses in those areas over the last two years such as:
Governmental Accounting Report and Audit Update
Annual Update: Government Accounting Reporting and Auditing Annual Update for Accountants and Auditors

David F. Haughton, CPA
Accounting and Audit Manager – 34 years

Education
Stetson University, B.B.A. – Accounting
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy

Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Former Member of Florida Institute of Certified Public Accountants Committee on State and Local Government
Affiliate Member Government Finance Officers Association (GFOA) for over 10 years
Affiliate Member Florida Government Finance Officers Association (FGFOA) for over 10 years
Technical Review – 1997 FICPA Course on State and Local Governments in Florida
Board of Directors – Kiwanis of Ft. Pierce, Treasurer – 1994-1999; Vice President – 1999- 2001
Professional Experience
Twenty-seven years public accounting experience with an emphasis on governmental and nonprofit organizations.
State Auditor General’s Office – West Palm Beach, Staff Auditor, June 1985 to September 1985
Accounting and Audit Manager of Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL, responsible for audit and accounting services including governmental and not-for-profit audits.
Over 20 years of public accounting and governmental experience, specializing in governmental and nonprofit organizations with concentration in special districts, including Community Development Districts which provide services including water and sewer utilities. Governmental and non-profit entities served include the following:
Counties:
St. Lucie County

Municipalities: City of Fort Pierce City of Stuart

David F. Haughton, CPA (Continued)
Accounting and Audit Manager

Professional Experience (Continued) Special Districts:
Bluewaters Community Development District
Country Club of Mount Dora Community Development District Fiddler’s Creek Community Development District #1 and #2 Indigo Community Development District
North Springs Improvement District
Renaissance Commons Community Development District St. Lucie West Services District
Stoneybrook Community Development District Summerville Community Development District Terracina Community Development District Thousand Oaks Community Development District Tree Island Estates Community Development District Valencia Acres Community Development District

Non-Profits:
The Dunbar Center, Inc.
Hibiscus Children’s Foundation, Inc. Hope Rural School, Inc.
Maritime and Yachting Museum of Florida, Inc. Tykes and Teens, Inc.
United Way of Martin County, Inc.
Workforce Development Board of the Treasure Coast, Inc.
While with the Auditor General’s Office he was on the staff for the state audits of the Martin County School District and Okeechobee County School District.
During 1997 he performed a technical review of the Florida Institute of Certified Public Accountants state CPE course on Audits of State and Local Governments in Florida. His comments were well received by the author and were utilized in future updates to the course.
Continuing Professional Education
During the past several years, he has participated in numerous professional development training programs sponsored by the AICPA and FICPA, including state conferences on special districts and governmental auditing in Florida. He averages in excess of 100 hours bi-annually of advanced training which exceeds the 80 hours required in accordance with the continuing professional education requirements of the Florida State Board of accountancy and the AICPA Private Companies Practice Section. He has over 75 hours of governmental CPE credit within the past two years.

Paul Daly
Senior Accountant – 14 years

Education
Florida Atlantic University, B.S. – Accounting

Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.
Continuing Professional Education
Working to attain the requirements to take the Certified Public Accounting (CPA) exam.

Bryan Snyder
Manager – 11 years

Education
Florida Atlantic University, B.B.A. – Accounting

Professional Experience
Accountant beginning his professional auditing career with Berger, Toombs, Elam, Gaines, & Frank.
Mr. Snyder is gaining experience auditing governmental & nonprofit entities.

Continuing Professional Education
Mr. Snyder participates in numerous continuing education courses and plans on working to acquire his CPA certificate.
Mr. Snyder is currently studying to pass the CPA exam.

Tifanee Terrell, CPA
Senior Accountant – 5 years

Education
Florida Atlantic University, M.A.C.C. – Accounting
Professional Experience
Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Terrell participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Dylan Dixon
Senior Accountant – 4 years

Education
Indian River State College, B.S. – Accounting
Florida Gulf Coast University, M.S. – Accounting
Professional Experience
Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.
Continuing Professional Education
Mr. Dixon participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Mr. Dixon is currently studying to pass the CPA exam.

Brennen Moore
Staff Accountant – 3 years

Education
Indian River State College, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. Moore participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Katie Gifford
Staff Accountant – 2 years

Education
Indian River State College, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Gifford participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Rayna Zicari
Staff Accountant – 2 years

Education
Stetson University, B.B.A. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Zicari participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Deandre McFadden
Staff Accountant – 1 year

Education
Florida Atlantic University, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. McFadden participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS
District Auditing Services for Fiscal Years 2024/2025, 2025/2026 and 2026/2027 With Two Year Option (2027/2028 and 2028/2029)
Lee County, Florida

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION INSTRUCTIONS TO PROPOSERS
SECTION 1. DUE DATE. Sealed proposals must be received no later than September 16, 2025 at 4:00 p.m., at the offices of District Manager, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.

SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is affirming its familiarity and understanding with all federal, state, and local laws, ordinances, rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.
SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

SECTION 4. REJECTION OF PROPOSAL. Proposers shall be disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.
SECTION 5. SUBMISSION OF PROPOSAL. Submit one (1) copy of the Proposal Documents and one digital copy, and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Arborwood Community Development District” on the face of it.
SECTION 6. MODIFICATION AND WITHDRAWAL. Proposals may be modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. After proposals are opened by the District, no proposal may be withdrawn for a period of ninety (90) days.

SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.
SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as or constitute a waiver of District’s limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.
List position or title of all personnel to perform work on the District audit. Include resumes or each person listed; list years of experience in present position for each party listed and years of related experience.

Describe proposed staffing levels, including resumes with applicable certifications.
Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.

SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) hours after receipt of the Request for Proposals and Evaluation Criteria or other contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Request for Proposals, Evaluation Criteria, or other contract documents.
SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.
SECTION 15. REJECTION OF ALL PROPOSALS. The District reserves the right to reject any and all bids, with or without cause, and to waive technical errors and informalities, as determined to be in the best interests of the District.

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION
EVALUATION CRITERIA

Ability of Personnel	(10 Points).

(E.g., geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; evaluation of existing work load; proposed staffing levels, etc.)

Proposer’s Experience	(10 Points).

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation of Proposer, etc.)
Understanding of Scope of Work	(10 Points).

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.
Ability to Furnish the Required Services	(10 Points).

Present ability to manage this project and the extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required (E.g. the existence of any natural disaster plan for business operations).
Price	(10 Points).

Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.

Proposal to Provide Financial Auditing Services:
ARBORWOOD
Community Development District

Proposal Due: September 16, 2025 4:00PM
Submitted to:
Arborwood
Community Development District c/o SDS
2501A Burns Road
Palm Beach Gardens, Florida 33410
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

September 16, 2025

Arborwood Community Development District c/o SDS
2501A Burns Road
Palm Beach Gardens, Florida 33410
Re:	Request for Proposal for Professional Auditing Services for the fiscal years ended September 30, 2025-2027, with an option for two (2) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the Arborwood 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

10/16
Employees are CPAS

3

11

2

Grau’s Focus and Experience

Our Team

Year founded

Partners

Professional Staff

Administrative Professionals

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

Services Provided

See next page for report and certificate

External quality review program: consistently receives a pass



Exter

prog

recei



Inter

moni

nternal: ongoing

quali

mon toring to maintain qual ty

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: 32 hours; Accounting, Auditing and Other: 58 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

David Caplivski, CPA (Partner)
Years Performing Audits: 13+
CPE (last 2 years): Government Accounting, Auditing: 48 hours; Accounting, Auditing and Other: 33 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

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 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.

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

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

St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District

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

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	32
Accounting, Auditing and Other	58
Total Hours	90 (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	48
Accounting, Auditing and Other	33
Total Hours	81 (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	$5,800	
2026	$5,900	
2027	$6,000	
2028	$6,100	
2029	$6,200	
TOTAL (2025-2029)	$30,000	

The above fees are based on the assumption that the District maintains its current level of operations. Should conditions change or additional debt is 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 Arborwood 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.

October Update

Lake Water Quality	The lake testing committee lead left for vacation prior to sending reports, will update the October report with this information as soon as the water quality report is received.	
Lake Aquatic Plantings	Lakes were treated for invasive weeksn/algae
Dye was added to lakes 10, 31 to help prevent submersed vegetation growth.
Comments by Lake Doctors: Lakes look very healthy no concerning issues to report.	
Lake Bank Conditions	Contract has been signed with Copeland to start work on drainage from homesites causing lake bank erosions along with repairing 11 lake bank erosion sites. Currently working with the vendor on scheduling.	
Preserves	The approved preserve trees at 11257 Carlingford have been removed.	
Resident Requests	None	
Other Updates	None	
.

	Oct 24 - Sept 25		24/25 Budget		$ Over Budget		% of Budget	
Revenue								
O & M Assessments	527,418.74		527,357.00		61.74		100.01%	
Debt Assessments (2018)	2,632,811.80		2,632,565.00		246.80		100.01%	
Debt Assessments (2014A-1)	509,037.15		509,027.00		10.15		100.0%	
Debt Assessments (2014A-2)	108,808.85		108,799.00		9.85		100.01%	
Debt Assess-Pd To Trustee-2018	-2,526,742.60		-2,527,262.00		519.40		99.98%	
Debt Asses-Pd To Trustee-2014A1	-488,535.79		-489,445.00		909.21		99.81%	
Assessment Fees	-11,715.00		-10,000.00		-1,715.00		117.15%	
Assessment Discounts	-140,486.85		-150,198.00		9,711.15		93.53%	
Debt Asses-Pd To Trustee-2014A2	-104,425.65		-104,580.00		154.35		99.85%	
Miscellaneous Income	0.00		15,000.00		-15,000.00		0.0%	
Total Income	506,170.65		511,263.00		-5,092.35		99.0%	
Expense								
Payroll Tax Expense	673.20		880.00		-206.80		76.5%	
Supervisor Fees	8,800.00		11,000.00		-2,200.00		80.0%	
Engineering	28,822.69		50,000.00		-21,177.31		57.65%	
Management Fees	40,908.00		40,908.00		0.00		100.0%	
Website Management	1,999.92		2,000.00		-0.08		100.0%	
Legal Fees	10,274.38		20,000.00		-9,725.62		51.37%	
Assessment/Tax Roll	5,000.00		5,000.00		0.00		100.0%	
Audit Fees	0.00		5,350.00		-5,350.00		0.0%	
Arbitrage Rebate Fee	1,000.00		1,000.00		0.00		100.0%	
Amortization Schedule Fee	300.00		500.00		-200.00		60.0%	
Insurance	6,994.00		13,000.00		-6,006.00		53.8%	
Legal Advertisements	3,873.82		5,250.00		-1,376.18		73.79%	
Miscellaneous	3,046.28		3,300.00		-253.72		92.31%	
Postage and Delivery	1,877.21		1,150.00		727.21		163.24%	

Office Supplies	1,189.25		2,300.00		-1,110.75		51.71%	
Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
Trustee Fees	12,738.75		27,500.00		-14,761.25		46.32%	
Continuing Disclosure Fee	3,000.00		3,000.00		0.00		100.0%	
Professional Fee & Permits	0.00		1,250.00		-1,250.00		0.0%	
Treeline Preserve Maint-Exotics	6,000.00		6,000.00		0.00		100.0%	
DRI / Traffic Monitoring	0.00		5,000.00		-5,000.00		0.0%	
Environmentl Consulting-Passarella	21,165.00		22,000.00		-835.00		96.21%	
Panther Mitigation Mnt-Exotics	80,000.00		80,000.00		0.00		100.0%	
Field Inspector - Somerset Only	25,455.60		25,500.00		-44.40		99.83%	
Lake Maintenance-Somerset Only	49,348.02		46,100.00		3,248.02		107.05%	
Preserve Maint - Somerset Only	35,000.00		35,000.00		0.00		100.0%	
Flowway Maintenance	1,200.00		4,600.00		-3,400.00		26.09%	
Preserve Maint (Parcel C Only)	7,000.00		7,000.00		0.00		100.0%	
Lake Bank Erosion Mte(Somerset)	50,475.00		45,000.00		5,475.00		112.17%	
Strmwtr Drains Ins/MTE-Somerset	12,450.00		20,000.00		-7,550.00		62.25%	
Strmwtr Drains Ins (Bridgetown)	6,050.00		6,500.00		-450.00		93.08%	
Lake Bank Inspection-Somerset	7,200.00		7,500.00		-300.00		96.0%	
Lake Bank Inspection-Bridgetown	6,950.95		6,500.00		450.95		106.94%	
Capital Outlay - Small	0.00		1,000.00		-1,000.00		0.0%	
Total Expenditures	438,967.07		511,263.00		-72,295.93		85.86%	
Net Revenue	67,203.58		0.00		67,203.58		100.0%	

Bridgetown Balance As Of 10/31/24	$	12,640.62	
Somerset Balance As Of 10/31/24	$	27,275.68	

Bridgetown Activity: 10/31/24 -9/30/25	$	(0.95)	
Somerset Activity: 10/31/24 - 9/30/25	$	(828.62)	
		
Bridgetown Balance As Of 9/30/25	$	12,639.67	
Somerset Balance As Of 9/30/25	$	26,447.06	

Bank Balance As Of 9/30/25	$	547,210.69	
Accounts Payable As Of 9/30/25	$	20,685.04	
Other Assets As Of 9/30/25	$	-	
Total Fund Balance As Of 9/30/25	$	526,525.65	

Series 2014A-1 Bond Balance As Of 9/30/25	$	3,785,000.00	
Series 2014A-2 Bond Balance As Of 9/30/25	$	420,000.00	
Series 2018A-1 Bond Balance As Of 9/30/25	$	16,360,000.00	
Series 2018A-2 Bond Balance As Of 9/30/25	$	5,670,000.00	
Total Bond Balance As Of 9/30/25	$	26,235,000.00