GIR East Community Development District

Meeting Agenda August 7, 2024

Agenda

GIR East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
July 31, 2024

Board of Supervisors GIR East
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of GIR East Community Development District will be held on Wednesday, August 7, 2024 at 3:00 PM, at 3850 Canoe Creek Road, Saint Cloud, FL. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the June 12, 2024 Board of Supervisors Meeting
Review and Acceptance of Fiscal Year 2023 Audit Report
Public Hearing
Consideration of Resolution 2024-03 Adopting the Fiscal Year 2025 Budget and Relating to the Annual Appropriations
Consideration of Fiscal Year 2025 Developer Funding Agreement
Adoption of District Goals & Objectives
Staff Reports
Attorney
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Ratification of Funding Requests #29 - #31
Approval of Fiscal Year 2025 Meeting Schedule
Other Business
Supervisor’s Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,
George S. Flint
George S. Flint District Manager

Minutes

MINUTES OF MEETING GIR EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the GIR East Community Development District was held Wednesday, June 12, 2024 at 3:00 p.m. at 3850 Canoe Creek Rd., St. Cloud, Florida.

Present and constituting a quorum were:

Rob Bonin	Assistant Secretary
Tripp Berlinsky	Assistant Secretary
Chancy Summers	Assistant Secretary Also present were:
Jeremy LeBrun	District Manager
Alyssa Wilson by phone	District Counsel
Strickland Smith by phone	District Engineer

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

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. LeBrun noted that there were no members of the public present to provide public comment.
THIRD ORDER OF BUSNESS	Approval of Minutes of the May 1, 2024
Board of Supervisors Meeting
Mr. LeBrun presented the minutes of the May 1, 2024 Board of Supervisors meeting. He asked if the Board had any comments or revisions. The Board had no changes to the minutes.

On MOTION by Ms. Summers, seconded by Mr. Berlinsky, with all in favor, the Minutes of the May 1, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-02
Confirming the District’s Intent to Accept

June 12, 2024	GIR East CDD

Responsibility for the Operation, Maintenance and Funding of the Stormwater Management System
Ms. Wilson noted they received a request from the developer and another District Engineer requesting some confirmation from the District that it intends to be the ultimate owner, operator and maintainer for the storm water management improvements once they are constructed. This is an order to satisfy certain permitting requests regarding ultimate operation of those improvements. There is a preliminary scope of operation and maintenance activities attached as an exhibit to the resolution.

On MOTION by Ms. Summers, seconded by Mr. Bonin, with all in favor, Resolution 2024-02 Confirming the District’s Intent to Accept Responsibility for the Operation, Maintenance and Funding of the Stormwater Management System, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Wilson reminded the Board of the four hours of ethics training. Mr. LeBrun noted GMS has a memo with links that can be resent out to the Board.

Engineer
Mr. Smith had nothing to report.

District Manager’s Report
Balance Sheet and Income Statement
Mr. LeBrun presented the financials through April 30, 2024. There is no action required from the Board.
Ratification of Funding Requests #14 - #28
Mr. LeBrun asked for ratification of funding requests #14 - #28.

On MOTION by Ms. Summers, seconded by Mr. Bonin, with all in favor, Funding Requests 14-28, was approved.

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

SEVENTH ORDER OF BUSINESS	Supervisors Requests

June 12, 2024	GIR East CDD

There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

GIR EAST
COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 TO SEPTEMBER 30, 2023

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

TABLE OF CONTENTS

  Page	
INDEPENDENT AUDITOR’S REPORT	1-2
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-5
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Position	6
Statement of Activities	7
Fund Financial Statements:
Balance Sheet – Governmental Funds	8
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	9
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	10
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	11
Notes to Financial Statements	12-17
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	18
Notes to Required Supplementary Information	19
OTHER INFORMATION
Data Elements required by FL Statute 218.39 (3) (c)	20
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	21-22
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	23
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL
OF THE STATE OF FLORIDA	24-25

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
GIR East Community Development District Osceola County, Florida

951 Yamato Road ■ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ■ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of GIR East Community Development District, Osceola County, Florida (“District”) as of and for the period from inception October 17, 2022 to September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, and each major fund of the District as of September 30, 2023, and the respective changes in financial position, thereof for the period from inception October 17, 2022 to September 30, 2023 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c), but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated May 7, 2024, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

May 7, 2024

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of GIR East Community Development District, Osceola County, Florida (“District”) provides a narrative overview of the District’s financial activities for the period from inception October 17, 2022 to September 30, 2023. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (“GASB”) No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments issued June 1999. Comparative information between the current year and the prior year is required to be presented in the Management’s Discussion and Analysis (“MD&A”). However, because this is the first year of operations of the District, comparative information is excluded in this report. Subsequent reports will include the comparative information.
FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($9,809).

The change in the District’s total net position was ($9,809), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government- wide financial analysis section.

At September 30, 2023, the District’s governmental funds reported combined ending fund balances of $5,857. The total fund balance is unassigned and is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

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

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

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

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

The government-wide financial statements include all governmental activities that are principally supported by Developer revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) function.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

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

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

The District maintains two governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and capital projects fund, both of which are considered major funds.

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

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.
GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,

		2023		
Current and other assets	 $	10,348 	
Total assets		10,348 	
Current liabilities	4,491	
Long-term liabilities		15,666 	
Total liabilities		20,157 	
Net position
Unrestricted		(9,809) 
Total net position	 $	(9,809) 

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position decreased during the most recent fiscal year. The majority of the decrease was due to Developer advances which are expected to be repaid upon the issuance of Bonds.
Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 TO SEPTEMBER 30, 2023

Revenues:
Program revenues
Operating grants and contributions

 $	71,605 

Total revenues		71,605  Expenses:
General government	65,748	
Bond issue costs		15,666 	
Total expenses		81,414 	
Change in net position		(9,809) 	
Net position - beginning		-		
Net position - ending	 $	(9,809) 	

As noted above and in the statement of activities, the cost of all governmental activities during the period from inception October 17, 2022 to September 30, 2023 was $81,414. Program revenues are comprised of Developer contributions.
GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the period from inception October 17, 2022 to September 30, 2023.
CAPITAL DEBT ADMINISTRATION
At September 30, 2023, the District had $15,666 in Developer advances outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS
For the subsequent fiscal year, the District anticipates that the cost of general operations will increase as activities increase. The Board is in discussion to issue Bonds in order to finance the construction and acquisition of infrastructure improvements for the benefit of the District.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
If you have questions about this report or need additional financial information, contact the GIR East Community Development District’s Finance Department at 219 East Livingston Street Orlando, Fl. 32801.

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash and cash equivalents	$	5,857	
Due from Developer		4,491 	
Total assets		10,348 	
LIABILITIES		
Accounts payable	4,491	
Non-current liabilities:		
Due in more than one year		15,666 	
Total liabilities		20,157 	
NET POSITION		
Net investment in capital assets	(15,666)	
Unrestricted		5,857 	
Total net position	 $	(9,809) 	

See notes to the financial statements

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF ACTIVITIES
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 TO SEPTEMBER 30, 2023

Program

Net (Expense) Revenue and Changes in Net

		Revenues	Position	 Operating Grants
and	Governmental
Functions/Programs		Expenses	Contributions	Activities	 Primary government:
Governmental activities:

General government

$	65,748	$

71,605	$

5,857

Bond issue costs		15,666		-	(15,666)  Total governmental activities		81,414	71,605		(9,809) 

Change in net position	(9,809)
Net position - beginning		-	
Net position - ending	 $	(9,809) 

See notes to the financial statements

7

GIR EAST COMMUNITY DEVELOPMENT OSCEOLA COUNTY, FLORIDA BALANCE SHEET
GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

	Major Funds	
Capital

Total Governmental

ASSETS

General

Projects

Funds

Cash and cash equivalents	$	5,857	$	-	$	5,857	
Due from Developer	4,491	-	4,491	
Total assets	$	10,348	$	-	$	10,348	

LIABILITIES, AND FUND BALANCES
Liabilities:
Accounts payable	$	4,491	$	-	$	4,491	
Total liabilities	4,491	-	4,491	

Unassigned		
5,857		
-		
5,857	
Total fund balances		5,857		-		5,857	

Total liabilities and fund balances	
$	
10,348	
$	
-	
$	
10,348	

See notes to the financial statements

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Fund balance - governmental funds	$	5,857 Amounts reported for governmental activities in the statement of
net position are different because:
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Developer advances		(15,666) 
Net position of governmental activities	$	(9,809)

See notes to the financial statements

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 TO SEPTEMBER 30, 2023

	Major Funds		Total

REVENUES

General

Capital Projects

Governmental Funds

Developer contributions	$	71,605	$	-	$	71,605	
Total revenues	71,605	-	71,605	

EXPENDITURES
Current:
General government	65,748	-	65,748	
Bond issuance costs	-	15,666	15,666	
Total expenditures	65,748	15,666	81,414	

Excess (deficiency) of revenues over (under) expenditures	

5,857	

(15,666)	

(9,809)	

OTHER FINANCING SOURCES (USES)
Developer advances		

-		

15,666		

15,666	
Total other financing sources (uses)		-		15,666		15,666	

Net change in fund balances		
5,857		
-		
5,857	
Fund balances - beginning		-		-		-	

Fund balances - ending	
$	
5,857	
$	
-	
$	
5,857	

See notes to the financial statements

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 TO SEPTEMBER 30, 2023

Net change in fund balances - total governmental funds	$	5,857 Amounts reported for governmental activities in the statement of activities
are different because:
Governmental funds report Developer advances as financial resources, whereas these amounts are eliminated in the statement of activities and

recognized as long-term liabilities in the statement of net position.
Change in net position of governmental activities

	(15,666) 
$	(9,809)

See notes to the financial statements

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
GIR East Community Development District ("District") was created on October 17, 2022 by Ordinance No. 2022-110 of Osceola County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. As of September 30, 2023, all of the Board members are affiliated with Gentry Land, My Land Team and Lennar Homes (“Developer”).

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

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefited lands within the District. Assessments are levied to pay for the operations and maintenance of the District. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. The District’s annual assessments for operations and debt service are billed and collected by the County Tax Assessor/Collector for non-Developer owned lots. The amounts remitted to the District are net of applicable discounts or fees. In addition, amounts remitted by the County Tax Assessor/Collector include interest on monies held from the day of collection to the day of distribution.

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

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

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

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

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

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

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

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.
The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

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

NOTE 3 – BUDGETARY INFORMATION

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

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

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

NOTE 5 – CAPITAL ASSETS
The infrastructure intended to serve the District has been estimated at a total cost of approximately
$332,187,307 and is expected to be developed in phases. A portion of the project costs is expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. Upon completion, certain improvements are to be conveyed to others for ownership and maintenance responsibilities.

NOTE 6 – LONG-TERM LIABILITIES

The Developer has advanced the District a total of $15,666 in the current fiscal year to provide funding for expenses that will be reimbursed from a future Bond issuance. If Bonds are not issued within 5 years then the advance will be considered a Developer contribution. The Bonds have not been issued as of the date of the report.

Changes in long-term liability activity for the fiscal year ended September 30, 2023 were as follows:

Governmental activities

Beginning Balance

Additions	Reductions

Ending Balance

Due Within One Year

Developer advances	$	-	$	15,666	$	-	$	15,666	$	-	
Total	$	-	$	15,666	$	-	$	15,666	$	-	

NOTE 7 – DEVELOPER TRANSACTIONS

The Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $71,605 at September 30, 2023, of which $4,491 was due from the Developer at September 30, 2023.

NOTE 8 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.
NOTE 9 – MANAGEMENT COMPANY

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

NOTE 10 – RISK MANAGEMENT

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

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND
FOR THE PERIOD FROM INCEPTION OCTOBER 17, 2022 TO SEPTEMBER 30, 2023

	

 Budgeted Amounts  Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	

REVENUES
Developer Contributions	

$	126,428	

$	71,605	

$	(54,823)	
Total revenues	126,428	71,605	(54,823)	

EXPENDITURES
Current:
General government	

126,428	

65,748	

60,680	
Total expenditures	126,428	65,748	60,680	

Excess (deficiency) of revenues over (under) expenditures	

 $	-		

5,857	

 $	5,857 	
Fund balance - beginning			-			
Fund balance - ending		 $	5,857 		

See notes to required supplementary information

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).
The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Generally, budget amendments that increase the aggregate budgeted appropriations are approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the period from inception October 17, 2022 to September 30, 2023.

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
OTHER INFORMATION - DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s
fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being
reported.	
2	
Employee compensation	$80,553	
Independent contractor compensation	$800	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -
General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;	Not applicable	

951 Yamato Road ■ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ■ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
GIR East Community Development District Osceola County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, and each major fund of GIR East Community Development District, Osceola County, Florida (“District”) as of and for the period from inception October 17, 2022 to September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated May 7, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

May 7, 2024

951 Yamato Road ■ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ■ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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

To the Board of Supervisors GIR East Development District Osceola County, Florida
We have examined GIR East Community Development District, Osceola County with Rule 10.556(10) of the Auditor General of the State of Florida during the period from inception October 17, 2022 to September 30, 2023. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the period from inception October 17, 2022 to September 30, 2023.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of GIR East Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

May 7, 2024

951 Yamato Road ■ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ■ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
GIR East Community Development District Osceola County, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of GIR East Community Development District, Osceola County, Florida ("District") as of and for the period from inception October 17, 2022 to September 30, 2023, and have issued our report thereon dated May 7, 2024.
Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General.
Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 7, 2024, should be considered in conjunction with this management letter.

Purpose of this Letter
The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General of the state of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

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

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

May 7, 2024

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS

N/A – first year audit
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
N/A – first year audit.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the period from inception October 17, 2022 to September 30, 2023.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the period from inception October 17, 2022 to September 30, 2023.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2023. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 20.

Section V

Section A

RESOLUTION 2024-03
[FY 2025 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the GIR East Community Development District (“District”) prior to June 15, 2024, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the GIR East Community Development District for the Fiscal Year Ending September 30, 2025.”

The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2025, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 3.	BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2025 or within 60 days following the end of the FY 2025 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 7TH DAY OF AUGUST, 2024.
ATTEST:	GIR EAST COMMUNITY DEVELOPMENT
DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors

Exhibit A:	FY 2025 Budget

Exhibit A

FY 2025 Budget

GIREast
Community Development District

Proposed Budget
FY2025

6M3

Table of Contents

1		General Fund

	General Fund Narrative

GIR East
Community Development District Proposed Budget
General Fund

Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Developer Contributions	$	144,378	$	42,283	$	20,421	$	62,704	$	143,628	
Total Revenues	$	144,378	$	42,283	$	20,421	$	62,704	$	143,628	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	-	$	1,000	$	1,000	$	12,000	
FICA Expenditures	$	918	$	-	$	77	$	77	$	918	
Engineering	$	15,000	$	-	$	3,750	$	3,750	$	15,000	
Attorney	$	25,000	$	1,687	$	2,313	$	4,000	$	25,000	
Annual Audit	$	3,500	$	3,400	$	-	$	3,400	$	3,500	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Artbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	5,000	$	-	$	-	$	-	$	5,000	
Trustee Fees	$	4,500	$	-	$	-	$	-	$	4,500	
Management Fees	$	40,000	$	30,000	$	10,000	$	40,000	$	40,000	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Telephone	$	300	$	-	$	50	$	50	$	300	
Postage & Delivery	$	1,000	$	11	$	39	$	50	$	1,000	
Insurance	$	6,250	$	5,000	$	-	$	5,000	$	5,500	
Printing & Binding	$	1,000	$	-	$	40	$	40	$	1,000	
Legal Advertising	$	15,000	$	398	$	2,102	$	2,500	$	15,000	
Other Current Charges	$	5,000	$	298	$	102	$	400	$	5,000	
Office Supplies	$	625	$	1	$	0	$	1	$	625	
Travel Per Diem	$	660	$	-	$	-	$	-	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Expenditures	$	144,378	$	43,220	$	20,222	$	63,442	$	143,628	
						
Excess Revenues/(Expenditures)	$	-	$	(937)	$	199	$	(738)	$	-	

GIR East
Community Development District
General Fund Narrative

Revenues:

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expenditures

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

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

GIR East
Community Development District
General Fund Narrative

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees

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

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

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

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida, LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

GIR East
Community Development District
General Fund Narrative

Other Current Charges

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

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

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

Section VI

BUDGET FUNDING AGREEMENT FISCAL YEAR 2025

This Agreement (“Agreement”) is made and entered into effective as of October 1, 2024, by and between:

GIR East Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, (“District”), and is located in Osceola County, Florida (“County”), and

WS-GIR, LLC, a Delaware limited liability company, and the owner and/or developer of property located within the boundaries of the District (“Developer,” and together with the District, the “Parties”). For purposes of this Agreement, the term “Property” shall refer to that certain property within the CDD owned by the Developer on the Effective Date of this Agreement

RECITALS

WHEREAS, pursuant to Chapter 190, Florida Statutes, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure, and is authorized to levy such taxes, special assessments, fees, and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently owns and/or is developing the Property within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities, and services and from the continued operations of the District; and

WHEREAS, for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“FY 2025”), the Board of Supervisors (“Board”) of the District adopted its general fund budget (“Budget”) attached hereto as Exhibit A and incorporated herein by reference; and

WHEREAS, the Parties recognize the Budget may be amended from time to time in the sole discretion of the District; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all lands within the District benefitting from the activities, operations and services set forth in the Budget, including the Property, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in the Budget; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit to the Property equal to or in excess of the costs reflected in the Budget; and

WHEREAS, the Developer agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the lands within the District, including the Property, for the activities, operations, and services set forth in the Budget; and

WHEREAS, Developer and District agree such Budget funding obligation by the Developer may be secured and collection enforced pursuant to the methods provided herein.

NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

FUNDING. The Developer agrees to make available to the District the monies (“Funding Obligation”) necessary for the operation of the District as called for in the Budget attached hereto as Exhibit A within thirty (30) days of written request by the District. Exhibit A attached hereto may be amended from time to time pursuant to Florida law, subject to the Developer’s consent to such amendments to incorporate them herein; provided however, that amendments adopted by the Board at a duly noticed meeting shall have the effect of amending this Agreement without further action of the Parties. As a point of clarification, the District shall only request as part of the Funding Obligation that the Developer fund the actual expenses of the District, and the Developer is not required to fund the total general fund Budget in the event that actual expenses are less than the projected total general fund Budget, as may be amended as provided herein. The funds shall be placed in the District's general checking account. In the event the Developer sells any of the Property during the term of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same.

ACKNOWLEDGEMENT. The District hereby finds, and the Developer acknowledges and agrees, that the activities, operations and services set forth in the Budget provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District. Nothing contained herein shall constitute or be construed as a waiver of the District’s right to levy assessments, including on the Property, in the event of a funding deficit.

COLLECTION METHODS. The District may enforce the collection of funds due under this Agreement using one or more of the following collection methods:

Contractual Lien. The District shall have the right to file a continuing lien (“Lien”) upon all or a portion of the Property , which Lien shall be effective as of the date and time of the recording of a “Notice of Lien” in the public records of the County.
Enforcement Action. The District shall have the right to file an action against the Developer in the appropriate judicial forum in and for the County.
Uniform Method; Direct. The District may certify amounts due hereunder as a non- ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law.

The enforcement of the collection of funds in any of the above manners, including which method(s) to utilize, shall be in the sole discretion of the District Manager on behalf of the District, without the need of further Board action authorizing or directing such

ENTIRE AGREEMENT; AMENDMENTS. This instrument shall constitute the final and complete expression of the agreement among the Parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the Parties hereto.

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

ASSIGNMENT. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other. Any purported assignment without such consent shall be void.

DEFAULT. A default by either Party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and/or specific performance.

ENFORCEMENT. In the event that any party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including interest accrued on an unsatisfied Funding Obligation, reasonable fees and costs incurred by the District incident to the collection of the Funding Obligation or for enforcement of the Lien, or reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit of the formal Parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors and assigns.

CHOICE OF LAW. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.

ARM’S LENGTH. This Agreement has been negotiated fully among the Parties as an arm's length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any Party.

[SIGNATURES ON NEXT PAGE]

Attest:	GIR East Community
Development District

Secretary / Assistant Secretary	By: 	
Its: 	

WS-GIR, LLC
a Delaware limited liability company

Witness	By: 	
Its: 	

EXHIBIT A:	FY 2025 Budget

EXHIBIT A

FY 2025 Budget

Section VII

Memorandum
To: Board of Supervisors From: District Management Date: June 11, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the ﬁrst full ﬁscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identiﬁed the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reﬂects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

GIR East Community Development District Performance Measures/Standards & Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐

Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
GIR East Community Development District

District Manager:		Date:	 Print Name:	 
GIR East Community Development District

Section VIII

Section C

Section 1

GIREast
Community Development District

Unaudited Financial Reporting
June 30, 2024

Table of Contents

	Balance Sheet

	General Fund

	Month to Month

GIR East
Community Development District Combined Balance Sheet
June 30, 2024

General Fund

Assets:
Cash:
Operating Account	$	5,559	
Due from Developer	$	7,783	
Total Assets	$	13,342	
Liabilities:
Accounts Payable	

$	8,422	
Total Liabilites	$	8,422	

Fund Balance:
Unassigned	

$	4,920	
Total Fund Balances	$	4,920	
		
Total Liabilities & Fund Balance	$	13,342	

GIR East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Developer Contributions	$	144,378	$	42,283	$	42,283	$	-	
Total Revenues	$	144,378	$	42,283	$	42,283	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	-	$	9,000	
FICA Expenditures	$	918	$	689	$	-	$	689	
Engineering	$	15,000	$	11,250	$	-	$	11,250	
Attorney	$	25,000	$	18,750	$	1,687	$	17,063	
Annual Audit	$	3,500	$	3,500	$	3,400	$	100	
Assessment Administration	$	5,000	$	-	$	-	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	-	$	-	$	-	
Trustee Fees	$	4,500	$	-	$	-	$	-	
Management Fees	$	40,000	$	30,000	$	30,000	$	-	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Telephone	$	300	$	225	$	-	$	225	
Postage & Delivery	$	1,000	$	750	$	11	$	739	
Insurance	$	6,250	$	6,250	$	5,000	$	1,250	
Printing & Binding	$	1,000	$	750	$	-	$	750	
Legal Advertising	$	15,000	$	11,250	$	398	$	10,852	
Other Current Charges	$	5,000	$	3,750	$	298	$	3,452	
Office Supplies	$	625	$	469	$	1	$	468	
Travel Per Diem	$	660	$	495	$	-	$	495	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Expenditures	$	144,378	$	99,552	$	43,220	$	56,332	
				
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(937)			
				
Fund Balance - Beginning	$	-	$	5,857			
				
Fund Balance - Ending	$	-	$	4,920			

GIR East
Community Development District Month to Month

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

Revenues:		
Developer Contributions	$	8,813	$	3,585	$	3,585	$	3,668	$	7,165	$	3,907	$	3,777	$	3,768	$	4,015	$	-  $	-  $	-  $	42,283	
Total Revenues	$	8,813	$	3,585	$	3,585	$	3,668	$	7,165	$	3,907	$	3,777	$	3,768	$	4,015	$	-	$	-	$	-	$	42,283	

Expenditures:											
General & Administrative:											
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
FICA Expenditures	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Attorney	$	55	$	84	$	178	$	125	$	193	$	184	$	-	$	869	$	-	$	-  $	-  $	-  $	1,687	
Annual Audit	$	-	$	-	$	-	$	-	$	3,400	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	3,400	
Assessment Administration	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dissemination	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Management Fees	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	-  $	-  $	-  $	30,000	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Postage & Delivery	$	-	$	2	$	1	$	1	$	4	$	1	$	1	$	0	$	1	$	-  $	-  $	-  $	11	
Insurance	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000	
Printing & Binding	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	-	$	-	$	197	$	-	$	-	$	-	$	-	$	201	$	-  $	-  $	-  $	398	
Other Current Charges	$	33	$	33	$	33	$	33	$	33	$	33	$	33	$	33	$	33	$	-  $	-  $	-  $	298	
Office Supplies	$	-	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	1	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175	
Total Expenditures	$	8,846	$	3,702	$	3,796	$	3,939	$	7,213	$	3,802	$	3,618	$	4,486	$	3,819	$	-  $	-  $	-  $	43,220	
											
Excess Revenues (Expenditures)	$	(33)	$	(117)	$	(211)	$	(271)	$	(48)	$	105	$	159	$	(718)	$	197	$	-  $	-  $	-  $	(937)	

Section 2

GIR East
Community Development District

Funding Request #29
May 21, 2024

Bill to:	WS-GIR, LLC
General Fund
Payee	FY2024

Governmental Management Services: CFL
Inv # 20 - Management Fees - May 2024

$	3,583.53

Kutak Rock LLP
Inv # 3382967 - General Counsel - March 2024

$	184.00

Total:	$	3,767.53 

Please make check payable to:

GIR East Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way Kingston, TN 3n63 I

Bill To:
GIR East COD
219 E. Livingston St.
Orlando, FL 32801

Invoice
Invoice #: 20
Invoice Date: 5/1/24
Due Date: 5/1/24
case:
P.O. Number:

Description

Hours/Qty	Rate	Amount
J

Management Fees - May 2024 . :. "1o Website Administration- May 2024 1St. Information Technology - May 2024	I
-Office Supplies Io
Postage	4 '2.0		3,333.33
100.00
150.00
0.03
0.17	3,333.33
100.00
150.00
0.03
0.17	

Total	$3,583.53	
Payments/Credits	$0.00	
Balance Due	$3,583.53	

RECEIVED 5/10/24

KUT AK  ROCK LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

April 30, 2024
#2
1.310.513.315
General Counsel Mar24

Mr. George Flint GIREastCDD
c/o Governmental Management Services 219 E. Livingston Street
Orlando, FL 32801

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP
AIC # 24690470
Reference: Invoice No. 3382967 Client Matter No. 29523-1
Notification Email: eftgroup@kutakrock.com

Invoice No. 3382967
29523-1

Re:	General Counsel
For Professional Legal Services Rendered

03/17/24

03/27/24

G. Lovett

A. Willson

0.50

0.20

125.00

59.00

Monitor legislative process relating to matters impacting special districts Confer	with	Flint	and	Liquori regarding upcoming meeting

TOTAL HOURS	0.70

TOTAL FOR SERVICES RENDERED	$184.00		
TOTAL CURRENT AMOUNT DUE	$184.00		
UNPAID INVOICES:			
February 29, 2024	Invoice No. 3355509	125.00	FR#27	
March 29, 2024	Invoice No. 3368694	192.50	FR#28	
TOTAL DUE	$501.50		

RECEIVED 5/1/24
PRIVILEGED AND CONFIDENTIAL
ATTORNEY-CLIENT COMMUNICATION AND/OR WORK PRODUCT

GIR East
Community Development District

Funding Request #30
June 13, 2024

Bill to:	WS-GIR, LLC
General Fund
Payee	FY2024

Governmental Management Services: CFL
Inv # 21 - Management Fees - June 2024

$	3,584.68

Supervisor Fees - 05/01/2024
Rob Bonin

$	215.30

Supervisor Fees - 06/12/2024
Rob Bonin

$	215.30

Total:	$	4,015.28 

Please make check payable to:

GIR East Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
GIR East COD
219 E. Livingston St. Orlando, FL 32801

Invoice#: 21
Invoice Date: 6/1/24
Due Date: 6/1/24
Case:
P.0. Number:

Management Fees - June 2024 Website Administration - June 2024 Information Technology - June 2024 Office Supplies
Postage

3,333.33
100.00
150.00
0.06
1.29

3,333.33
100.00
150.00
0.06
1.29

Description	Hours/Qty	Rate	Amount

Total	$3,584.68	
Payments/Credits	$0.00	
Balance Due	$3,584.68	

Attendance Confirmation
for
BOARD OF SUPERVISORS

District Name:		GIREastCDD	 Board Meeting Date:			May 1,2024

In -

Attendance

-

Name

Please

Fee Involved Yes/No

-

Mike Liquori
-
Matt Call
-
Rob Bonin

No

-

-

No

-

- --

Yes ($200)

Tripp Berlinsky

No
-- ---	-

Chancy Summers	No
-

1

2

3

4

5

The supervisors present at the above referenced meeting should be compensated accordingly.

Approved for Payment:

---

Dist• ct Manager Signature

$"" ( I \	Z.'-f

Date

Attendance Confirmation
for
BOARD OF SUPERVISORS

District Name;		GIREastCDD	 Board Meeting Date:			June 12, 2024

']	-	---
 -_Name		
IMike Liquori
[_		
I Matt Call
I

---

--rn Attendanc;		j	Fee involved-  Please	J			Yes/No

-----

---	--
No
-----	-----
No

13	I Rob Bonin
I	I

Yes ($200)

j 4	Tripp Berlinsky
·--!--

No

-i --;:: 

5	Chancy Summers	No
J.

The supervisors present at the above referenced meeting should be compensated accordingly.

rPayment:
I

GIR East
Community Development District
	Funding Request #31
July 11, 2024	
Bill to:	WS-GIR, LLC		
		General Fund	
	Payee	FY2024	

1	

Governmental Management Services: CFL
Invoice # 22 - Management Fees - July 2024	

$	3,606.48	
2	Kutak Rock LLP
Invoice # 3411626 - General Counsel - May 2024	
$	869.00	
3	Tribune Publishing Company - Orlando Sentinel
Invoice # 095769369000 - Legal advertising	
$	200.67	

Total:	$	4,676.15 

Please make check payable to:

GIR East Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

GMS-Central Florlda, LLC
1001 Bradford Way Kingston, TN 3n63 \

Invoice

BIii To:
GIR EastCDD
219 E. Livingston St. Orlando, FL 32801

Invoice #: 22
Invoice Date: 7/1/24
Due Date: 7/1/24
Case:
P.O. Number:

Description	3 \ 0• s \-;	Hours/Qty	Rate	Amount
Management Fees-July 2024	V(O Website Administration - July 2024 :!)S1.. Information Technology - July 2024 S\ Office Supplies !5 \0
Postage	-1\ 1.-.:>

[E [EOWlEml
w JUL 1 0 2024
By		3,333.33	3,333.33	
		100.00	100.00	
		150.00	150.00	
		0.06	0.06	
		23.09	23.09	

Total	$3,606.48	
Payments/Credits	$0.00	
Balance Due	$3,606.48	

KUTAK  ROCK  LLP
TALLAHASSEE, FLORIDA "2..
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

lfil JUN 2 8 2024	w
By

m(Elrn[EO\Y/[E

June 28, 2024

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA#l04000016
First National Bank of Omaha
Kutak Rock LLP
NC# 24690470
Reference: Invoice No. 3411626 Client Matter No. 29523-1
Notification Email: eftgroup@kutakrock.com

Mr. George Flint GIREastCDD
c/o Governmental Management Services 219 E. Livingston Street
Orlando, FL 32801	Invoice No. 3411626
29523-1

Re:	General Counsel
For Professional Legal Services Rendered

05/01/24	J. Gillis	0.30	51.00	Follow up from Board meeting; draft	
				notice of FY 2025 budget hearing	
05/01/24	M. Rigoni	0.90	261.00	Prepare for and attend board meeting	
05/01/24	A. Willson	0.20	59.00	Work session with Rigoni regarding	
				board meeting	
05/03/24	J. Gillis	0.40	68.00	Coordinate response to auditor letter	
05/08/24	M. Rigoni	0.20	58.00	Finalize budget hearing notice and	
				confer with Virgen	
05/28/24	A. Willson	0.20	59.00	Confer	with	Carson	regarding	

05/29/24	A. Willson	0.60	177.00

05/30/24	J. Gillis	0.80	136.00

operation	and	maintenance	of stormwater management system Confer with Flint regarding meeting items; confer with Carson regarding stormwater operation items; review items regarding same
Draft stormwater management operations and maintenance resolution

TOTAL HOURS	3.60

KUTAK ROCK LLP
GIR East CDD June 28, 2024
Client Matter No. 29523-1 Invoice No. 3411626
Page 2

TOTAL FOR SERVICES RENDERED TOTAL CURRENT AMOUNT DUE UNPAID INVOICES:

$869.00

$869.00

April 30, 2024
May 29, 2024 TOTAL DUE

Invoice No. 3382967
Invoice No. 3396527

184.00
496.50

1	9.50

OrlandoSentinel
MEDIA GROUP 4

PO Box 8023
Willoughby, OH 44096

adbllllng@tribpub.com
844-348-2445
fol1; ccgmR.wm

\rn

Invoice Details
Billed Account Name: Billed Account Number Invoice Number: Invoice Amount:
Billing Period: Due·oate:

Glr East Cdd CU80151522 095769369000
$200.67
06/01/24 - 06/30/24
07/30/24

INVOICE
Page 1 of2
Invoice Details

Data

tronc
R	nst,#

m\ JUL O 8 2024 JYJ

BY: .......................

Units	--•

Description	A  Sia/  .,._._

Gross
Amount

Total

06/01/24 OSC95769369	Classified Listings, Online
Public Hearling/Bid/Misc_Legal 7643717

200.67

m[E mJ [Ea \YJ [Em
lfil JUL 1 0 2024
By

Invoice Total:	$200.67

Account Summary
Current	1-30	31-60	61-90	91+	Unapplied
Amount	
200.67	0.00	0.00	0.00	0.00	0.00	

Please detllch and rstum this portion with your paym9nt.

Orlando Sentinel
MEDIA GROUP

POBoxB023
WIiioughby, OH 44096

Remittance Section Billed Period:
Billed Account Name: Billed Account Number: Invoice Number:

osib1124: i>B/30/24
GirEastCdd CU80151522 095769369000

Return Service Requested

7l'lbD00l8L	PRESORT 181 1 SP 0.640 P3C1 <6>
M•11•1111111111'111•1•11111111111tiiI11•11111••I•,111,111111111

For questions tegarding this billing, or change of address notification,
please contact Customer Care:

1r,3:&

GIR EAST CDD MONICA VIRGEN
219 E LIVINGSTON ST ORLANDO FL 32801-1508

Orlando Sentinel PO8ox8023
Willoughby, OH 44096
1•111111111111l•l111l11'1111•111111•1•11111•1•11'111lll1•l1•l111I

OrlandoSentinel
MEDI.A GROUP

Sold To:
GIR East CDD - CU80151522
219 E Livingston St Orlando, FL 32801

Published Daily ORANGE County, Florida

Bill To:
GIR East CDD - CU80151522
219 E Livingston St Orlando, FL 32801

State Of Florida County Of Orange

Before the undersigned authority personally appeared
Rose Williams, who on oath says that he or she is a duly authorized representative of the ORLANDO SENTINEL, a DAILY
newspaper published in ORANGE County, Florida; that the attached copy of advertisement, being a Legal Notice in:
The matter of 11150-Public Hearing Notice Was published in said newspaper by print in the issues of, or by publication on the newspaper's website, if authorized on Jun OJ, 2024.

Affiant further says that the newspaper complies with all legal requirements for publication in Chapter 50, Florida Statutes.

I ij6fl(!	Rose Williams

Signature of Affiant	Name of Affiant

Sworn to and subscribed before me on this 3 day of June, 2024,
by above Affiant, who is personally known to me (X) or who has produced identification ( ).

Signature of Notary Public

HIiiary

S1t1t of,.._...
le•nne Rqlhn•

Uy COfftl'llll.,_ ...

Elpit'u mmou

Name of Notary, Typed, Printed, or Stamped

7643717

OrlandoSentinel
MEDIA GROUP

NOTICE OF BOARD OFSUPERVISORS' MEETING FOR CIR EAST COMMUNnY DEVELOPMENT
DISTRICT
Notice is hereby given that the Board of Supervlsors ("Board") of the GI R East Community Development District ("District'') will hold a meeting of the Board of Supervisors on June 12, 202,t at 3:00 p.m. at 3950 Canoe Creek Road, Saint Cloud, FL.
A copy of the agenda may be obtarned by contacting the District Manager at 407-841-5.52.4 and providing a telephone and emall address du.ring normal buslness hours. The meeting& are open to the public and will be conducted In accordance  with the provisions of Florida law for community deve1opmen1 districts. The meetlng may be continued to a date, time, and place to be specified on the record at such meetlng.
Any person requiring special accommodations In order to cccess and participate in the meetlng because of a disabll ity or physical Impairment should contact the District Manager's Office at least fortv-eight (.tB) hours prior to the meeting. If you are hearing or speech impaired, please oontact the Florida Relay Service by dialing 7-1- 1, or l-800-955-8771 (TTY) / l-B00-955-
8770 (Voice), for aid in contacting the
District Manager's Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the Meetings is advised that person wll I need a record of proceedings and that accordingly, the pen,on may need to ensure that a verbatim record of the proceedings is made, including the testimony and evldence upon which such appeal is to be based.
George Flint Olslrict Manager 6/lt.l,4 7643717
7643717

Section 3

BOARD OF SUPERVISORS MEETING DATES GIR EAST COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025

The Board of Supervisors of the GIR East Community Development District will hold their regular meetings for Fiscal Year 2025 at 3850 Canoe Creek Rd., St. Cloud, Florida 34772, at 3:00 p.m. on the first Wednesday of the month, unless otherwise indicated as follows:

October 2, 2024
November 6, 2024
December 4, 2024
January 1, 2025 (Note: Date falls on National Holiday, consider cancelling/rescheduling) February 5, 2025
March 5, 2025
April 2, 2025
May 7, 2025
June 5, 2025
July 2, 2025
August 6, 2025
September 3, 2023

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts.

The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from the District Manager, Governmental Management Services – Central Florida, LLC located at 219 East Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by speaker telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955- 8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

George S. Flint District Manager
Governmental Management Services – Central Florida, LLC