GIR East Community Development District

Meeting Agenda July 2, 2025

Agenda

GIR East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
June 25, 2025

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, July 2, 2025 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
Organizational Matters
Acceptance of Resignation of Tripp Berlinsky and Appointment of Individual to Fulfill the Board Vacancy with a Term Ending November 2025
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2025-10 Electing an Assistant Secretary
Approval of Minutes of the May 7, 2025 Meeting
Review and Acceptance of Fiscal Year 2024 Audit Report
Consideration of Resolution 2025-08 Amending Resolution 2025-06 Approving the Proposed Fiscal Year 2026 Budget
Consideration of Resolution 2025-09 Declaring Special Assessments to Fund the Proposed Fiscal Year 2026 Budget
Staff Reports
Attorney
Update on Stewardship District and Merger
Engineer
District Manager’s Report
Balance Sheet and Income Statement
Ratification of Funding Requests #43 - #44
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

Cc:	Alyssa Willson, District Counsel Strickland Smith, District Engineer

Enclosures

Section III

Section A

From: Stacie Vanderbilt svanderbilt@gmscfl.com
Subject: Fwd: CDD board
Date: June 26, 2025 at 5:50 PM
To:

-----Original Message-----
From: Tripp Berlinsky <tripp@gentrysod.com> Sent: Tuesday, May 27, 2025 6:29 PM
To: Willson, Alyssa C. <Alyssa.Willson@KutakRock.com>
Subject: CDD board

[ CAUTION - EXTERNAL SENDER ]

Alyssa,

Hope all is well! I needed to write you as I am turning in my resignaZon for the WSGIR CDD board. Please let me know if you need anything from me. Thank you!
Sent from my iPhone

**********************************************************************
This E-mail message is conﬁdenZal, is intended only for the named recipients above and may contain informaZon that is privileged, aaorney work product or otherwise protected by applicable law. If you have received this message in error, please noZfy the sender and delete this E-mail message.
Thank you.

Section C

RESOLUTION 2025-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A AN ASSISTANT SECRETARY OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE
Whereas, the GIR East Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Osceola County, Florida; and

Whereas, the Board of Supervisors of the District desires to appoint an Assistant Secretary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF GIR EAST COMMUNITY DEVELOPMENT DISTRICT:

Section 1.		 is appointed Assistant Secretary. Section 2.	This Resolution shall become effective immediately upon its adoption. Passed and adopted this 2nd day of July, 2025.
ATTEST:	GIR	EAST	COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

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, May 7, 2025 at 3:00 p.m. at 3850 Canoe Creek Road, Saint Cloud, Florida.

Present and constituting a quorum were:

Mike Liquori	Chairman
Rob Bonin	Assistant Secretary
Chancy Summers	Assistant Secretary Also present were:
George Flint	District Manager
Michelle Rigoni by phone	District Counsel
Strickland Smith by phone	District Engineer

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

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint noted there were no members of the public present other than Board and staff.

THIRD ORDER OF BUSINESS	Approval of Minutes of the March 5, 2025
Meeting
Mr. Flint presented the minutes from the March 5, 2025 meeting and asked for any comments or corrections. The Board had no changes to the minutes.

On MOTION by Mr. Liquori, seconded by Ms. Summers, with all in favor, the Minutes of the March 25, 2025 Meeting, were approved, as presented.

May 7, 2025	GIR East CDD

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-06
Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing
Mr. Flint stated the Board is required to approve a proposed budget each year and set a date for the public hearing to be able to adopt this budget. He recommended the Board use the August 6, 2025 meeting date as the public hearing date. He added the budget currently only consists of an admin budget with a developer funding agreement as the funding source. He noted the budget must be approved by June 15, 2025.

On MOTION by Mr. Liquori, seconded by Ms. Summers, with all in favor, Resolution 2025-06 Approving the Proposed Fiscal Year 2026 Budget and Setting a Public Hearing to Adopt on August 6, 2025, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-07
Ratifying the Sale of Series 2025 Bonds
Ms. Rigoni presented the resolution to the Board. She stated this resolution sets the date to close the bonds and ratifies the action taken by staff

On MOTION by Mr. Liquori, seconded by Ms. Summers, with all in favor, Resolution 2025-07 Ratifying the Sale of Series 2025 Bonds, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Rigoni noted the new District is waiting to be sent to the Governor to be put into effect.

Engineer
Mr. Smith had nothing additional to report.

District Manager’s Report
Balance Sheet and Income Statement
Mr. Flint presented the balance sheet that is included in the agenda packet. No action was required at this time.
Ratification of Funding Request #41 – #42
Mr. Flint presented Funding Requests #41 and #42. He asked for any questions, comments, or corrections. Hearing no questions, he asked for a motion to approve.

May 7, 2025	GIR East CDD

On MOTION by Mr. Liquori, seconded by Ms. Summers, with all in favor, Funding Requests #41-#42, were ratified.

Presentation of Number of Registered Voters – 0 (Added)
Mr. Flint stated there are currently no registered voters in the District.

Designation of November 4, 2025 as the Landowners’ Meeting Date
Mr. Flint asked the Board members if November 4, 2025 works for the Landowners’ meeting. The Board had no issues with this date.

On MOTION by Mr. Liquori, seconded by Ms. Summers, with all in favor, the Designation of November 4, 2025 as the Landowners’ Meeting Date, was approved.

SEVENTH ORDER OF BUSINESS	Other Business
Mr. Flint asked for any other business. Hearing no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

GIR EAST
COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

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	
Notes to Financial Statements	11-16	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
17	
Notes to Required Supplementary Information	18	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	19	
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	

20-21	
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	

22	
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
23-24	

INDEPENDENT AUDITOR’S REPORT

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

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

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

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c), but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated May 22, 2025, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

May 22, 2025

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 fiscal year ended September 30, 2024. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($4,146).

The change in the District’s total net position in comparison with the prior fiscal year was $5,663, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2024, the District’s governmental funds reported combined ending fund balances of $11,520, an increase of $5,663 in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, and the remainder is unassigned which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s 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 one governmental fund 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 which is considered major fund.

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

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

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

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

NET POSITION SEPTEMBER 30,
	2024	2023	
Current and other assets	$	16,703	$	10,348	
Total assets	16,703	10,348	
Current liabilities	5,183	4,491	
Long-term liabilities	15,666	15,666	
Total liabilities	20,849	20,157	
Net position
Unrestricted	
(4,146)	
(9,809)	
Total net position	$	(4,146)	$	(9,809)	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position increased during the most recent fiscal year. The majority of the increase was due to ongoing program revenues exceeding the cost of operations.
Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,

	2024	2023*	
Revenues:
Program revenues
Operating grants and contributions	

$	63,627	

$	71,605	
Total revenues	63,627	71,605	
Expenses:
General government	
57,964	
65,748	
Bond issue costs	-	15,666	
Total expenses	57,964	81,414	
Change in net position	5,663	(9,809)	
Net position - beginning	(9,809)	-	
Net position - ending	$	(4,146)	$	(9,809)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $57,964. Program revenues are comprised of Developer contributions. In total, expenses decreased from the prior year mainly as a result of bond validation costs incurred in the prior year.
GENERAL BUDGETING HIGHLIGHTS
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

CAPITAL DEBT ADMINISTRATION
At September 30, 2024, 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

Subsequent to fiscal year end, the District issued $19,410,000 of Series 2025 Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2032 - May 1, 2055 and fixed interest rates ranging from 4.3% to 5.5% The Bonds were issued to finance the acquisition and construction of certain 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, 2024

	Governmental
	Activities		
ASSETS		
Cash	$	5,890	
Due from Developer	5,613	
Prepaid items		5,200 	
Total assets		16,703 	
LIABILITIES		
Accounts payable	5,183	
Non-current liabilities:		
Due in more than one year		15,666 	
Total liabilities		20,849 	
NET POSITION		
Net investment in capital assets	(15,666)	
Unrestricted		11,520 	
Total net position	 $	(4,146) 	

See notes to the financial statements

GIR EAST COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

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	 $	57,964	$	63,627	$	5,663 
Total governmental activities		57,964	63,627	5,663 

Change in net position	5,663	
Net position - beginning		(9,809) 	
Net position - ending	 $	(4,146) 	

See notes to the financial statements
7

GIR EAST COMMUNITY DEVELOPMENT OSCEOLA COUNTY, FLORIDA BALANCE SHEET
GOVERNMENTAL FUNDS SEPTEMBER 30, 2024

	  Major Fund	

General	Total Governmental
Funds	
ASSETS
Cash	
$	5,890	
$	5,890	
Due from Developer	5,613	5,613	
Prepaid items	5,200	5,200	
Total assets	$	16,703	$	16,703	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	5,183	$	5,183	
Total liabilities	5,183	5,183	

Fund balances:
Nonspendable:
Prepaid items		5,200		5,200	
Unassigned		6,320		6,320	
Total fund balances		11,520		11,520	

Total liabilities and fund balances	
$	
16,703	
$	
16,703	

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, 2024

Fund balance - governmental funds	$ 11,520 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	$	(4,146)

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 FISCAL YEAR ENDED SEPTEMBER 30, 2024

	  Major Fund	

General	Total
Governmental Funds	
REVENUES
Developer contributions	
$	63,627	
$	63,627	
Total revenues	63,627	63,627	

EXPENDITURES
Current:
General government	

57,964	

57,964	
Total expenditures	57,964	57,964	

Excess (deficiency) of revenues over (under) expenditures	

5,663	

5,663	
Fund balances - beginning	5,857	5,857	

Fund balances - ending	
$	11,520	
$	11,520	

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, 2024, four of the Board members are affiliated with Gentry Land, and one with Lennar Homes (“Developers”).

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.

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. Bonds were issued subsequent to the current fiscal year end as disclosed in Note 11 – Subsequent Events.

Changes in long-term liability activity for the fiscal year ended September 30, 2024 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 $63,627 at September 30, 2024, of which $5,613 was due from the Developer at September 30, 2024.

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.

NOTE 11 – SUBSEQUENT EVENTS
Subsequent to fiscal year end, the District issued $19,410,000 of Series 2025 Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2032 - May 1, 2055 and fixed interest rates ranging from 4.3% to 5.5% The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit 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 FISCAL YEAR ENDED SEPTEMBER 30, 2024

	

 Budgeted Amounts  Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	

REVENUES
Developer Contributions	

$	144,378	

$	63,627	

$	(80,751)	
Total revenues	144,378	63,627	(80,751)	

EXPENDITURES
Current:
General government	

144,378	

57,964	

86,414	
Total expenditures	144,378	57,964	86,414	

Excess (deficiency) of revenues over (under) expenditures	

 $	-		

5,663	

 $	5,663 	
Fund balance - beginning			5,857 		
Fund balance - ending		 $	11,520 		

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 fiscal year ended September 30, 2024.

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, 2024 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.	
4	
Employee compensation	$0	
Independent contractor compensation	$61,858	
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	
Special assessment rate	Operations and maintenance - $0
Debt service - $0	
Special assessments collected	$0	
Outstanding Bonds:	Not applicable	

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

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

To the Board of Supervisors
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 fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated May 22, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

May 22, 2025

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

INDEPENDENT AUDITOR’S REPORT ON 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 fiscal year ended September 30, 2024. 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 fiscal year ended September 30, 2024.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of 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 22, 2025

1001 Yamato Road ▪ Suite 301 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 fiscal year ended September 30, 2024, and have issued our report thereon dated May 22, 2025.

Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the 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 22, 2025, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General 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 22, 2025

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS

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

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the period from inception October 17, 2022 to September 30, 2023.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2024.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2024.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2024. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 19.

Section VI

RESOLUTION 2025-08
[FY 2026 REVISED BUDGET APPROVAL RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT AMENDING AND SUPPLEMENTING RESOLUTION 2025- 06; APPROVING PROPOSED REVISED BUDGET(S) FOR FY 2026; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the District Manager previously prepared and submitted to the Board of Supervisors (“Board”) of the GIR East Community Development District (“District”) prior to June 15, 2025, the proposed budget(s) and set the required public hearing on same; and

WHEREAS, the Board now desires to approve a revised proposed budget attached hereto as Exhibit A (“Proposed Budget”) and set the required public hearing on the Proposed Budget.

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

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is hereby approved preliminarily. The Proposed Budget attached hereto rescinds, supersedes, and replaces in entirety the previous version of same approved by Resolution 2025-06.

RESETTING OF PUBLIC HEARING; DIRECTING PUBLICATION. A public hearing on
said approved Proposed Budget is hereby reset for the following date, time, and location:

DATE:	September 3, 2025
TIME:	3:00 pm (EST)
LOCATION:	Offices of Gentry Land Company
3850 Canoe Creek Road St. Cloud, Florida 34772.

Resolution 2025-06 is hereby amended to reflect that the public hearing is reset as provided in this Resolution, and District staff is directed to provide notice of the same in accordance with Florida law.

RESOLUTION 2025-06 OTHERWISE REMAINS IN FULL FORCE AND EFFECT. Except
as otherwise provided herein, all of the provisions of Resolution 2025-06 continue in full force and effect, including but not limited to directing District staff to cause notice to be provided in accordance with Florida law.

SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or

more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 2nd DAY OF JULY 2025.

ATTEST:		GIR EAST COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A:	Proposed Budget

GIR East
Community Development District

Proposed Budget
FY2026

fll �ft
lu1•1�

Table of Contents

1

2-6

7

	General Fund

	General Fund Narrative

	Assessment Allocation Table

GIR East
Community Development District Proposed Budget
General Fund

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

Revenues						
Developer Contributions	$	143,628  $	53,600  $	25,780  $	79,381  $	-	
Operations and Maintenance Assessments	$	-	$	-	$	-	$	-	$	893,304	
Total Revenues	$	143,628  $	53,600  $	25,780  $	79,381  $	893,304	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000  $	1,200  $	2,000  $	3,200  $	12,000	
FICA Expenditures	$	918  $	92  $	153  $	245  $	918	
Engineering	$	15,000  $	-	$	2,500  $	2,500  $	15,000	
Attorney	$	25,000  $	7,112  $	4,500  $	11,612  $	25,000	
Annual Audit	$	3,500  $	3,500  $	-	$	3,500  $	3,600	
Assessment Administration	$	5,000  $	-	$	-	$	-	$	5,000	
Artbitrage	$	450  $	-	$	-	$	-	$	450	
Dissemination	$	5,000  $	833  $	1,667  $	2,500  $	5,000	
Trustee Fees	$	4,500  $	-	$	-	$	-	$	4,500	
Management Fees	$	40,000  $	26,667  $	13,333  $	40,000  $	41,200	
Information Technology	$	1,800  $	1,200  $	600  $	1,800  $	1,854	
Website Maintenance	$	1,200  $	800  $	400  $	1,200  $	1,236	
Telephone	$	300  $	-	$	50  $	50  $	300	
Postage & Delivery	$	1,000  $	38  $	12  $	50  $	1,000	
Insurance	$	5,500  $	5,200  $	-	$	5,200  $	6,350	
Printing & Binding	$	1,000  $	24  $	40  $	64  $	1,000	
Legal Advertising	$	15,000  $	6,360  $	500  $	6,860  $	15,000	
Other Current Charges	$	5,000  $	277  $	136  $	413  $	5,000	
Office Supplies	$	625  $	1  $	10  $	11  $	625	
Travel Per Diem	$	660  $	-	$	-	$	-	$	660	
Dues, Licenses & Subscriptions	$	175  $	175  $	-	$	175  $	175	
Administrative Expenditures	$	143,628  $	53,480  $	25,901  $	79,381  $	145,868	

Field Operations						
Property Insurance	$	-	$	-	$	-	$	-	$	15,000	
Field Management	$	-	$	-	$	-	$	-	$	15,000	
Landscape Maintenancce	$	-	$	-	$	-	$	-	$	460,979	
Landscape Replacement and Enhancements	$	-	$	-	$	-	$	-	$	10,000	
Lake Maintenance	$	-	$	-	$	-	$	-	$	20,857	
Streetlights	$	-	$	-	$	-	$	-	$	174,200	
Electric	$	-	$	-	$	-	$	-	$	5,000	
Water & Sewer	$	-	$	-	$	-	$	-	$	20,000	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	5,000	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Field Contingency	$	-	$	-	$	-	$	-	$	9,900	
Dog Waste Stations	$	-	$	-	$	-	$	-	$	1,500	
Field Expenditures	$	-	$	-	$	-	$	-	$	747,436	
						
Total Expenditures	$	143,628  $	53,480  $	25,901  $	79,381  $	893,304	
						
Excess Revenues/(Expenditures)	$	-	$	120  $	(120)  $	-	$	-	

GIR East
Community Development District
General Fund Narrative

Revenues:

Assessments

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

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.

Field Operations:

Property Insurance

The District’s estimated property insurance coverages with Florida Insurance Alliance.

Field Management

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

Landscape Maintenance

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

Landscape Replacement

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

Lake Maintenance

Represents the estimated costs to maintain the lakes within the District’s boundaries.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

GIR East
Community Development District
General Fund Narrative

Electric

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

Water & Sewer

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

Irrigation Repairs

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

General Repairs & Maintenance

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

Field Contingency

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

Dog Waste Stations

Represents funds allocated to collect waste at the dog stations.

GIR EAST
Community Development District Assessment Allocation

Admin (Whole District)		
Type	Units/Acres	ERU	Total ERU	Admin	Net/Unit or Acre	Gross/Unit or Acre	
TH 22'	194	0.75	145.5	$7,821.50	$40.32	$42.89	
SF 40'	67	1	67	$3,601.65	$53.76	$57.19	
SF 45'	123	1	123	$6,611.99	$53.76	$57.19	
SF 50'	236	1	236	$12,686.42	$53.76	$57.19	
SF 55'	40	1	40	$2,150.24	$53.76	$57.19	
SF 60'	151	1	151	$8,117.16	$53.76	$57.19	
Undeveloped (acres)	1096.805	N/A	N/A	$104,879.02	$95.62	$101.73	
Total			762.5	$145,868.00			

Maintenance (AA1)							
Type	Units	ERU	Total ERU	Maintenance	Net/Unit	Gross/Unit	
TH 22'	194	0.75	145.5	$142,625.49	$735.18	$782.11	
SF 40'	67	1	67	$65,676.34	$980.24	$1,042.81	
SF 45'	123	1	123	$120,570.00	$980.24	$1,042.81	
SF 50'	236	1	236	$231,337.57	$980.24	$1,042.81	
SF 55'	40	1	40	$39,209.76	$980.24	$1,042.81	
SF 60'	151	1	151	$148,016.83	$980.24	$1,042.81	
Total	811		762.5	$747,436.00			

O&M Table							
Type	Units/Acres	ERU	Total ERU	O&M	Net/Unit or Acre	Gross/Unit or Acre	
TH 22'	194	0.75	145.5	$150,447.00	$775.50	$825.00	
SF 40'	67	1	67	$69,278.00	$1,034.00	$1,100.00	
SF 45'	123	1	123	$127,182.00	$1,034.00	$1,100.00	
SF 50'	236	1	236	$244,023.99	$1,034.00	$1,100.00	
SF 55'	40	1	40	$41,360.00	$1,034.00	$1,100.00	
SF 60'	151	1	151	$156,134.00	$1,034.00	$1,100.00	
Undeveloped	1096.805	N/A	N/A	$104,879.02	$95.62	$101.73	
Total			762.5	$893,304.00			

Section VII

RESOLUTION 2025-09

[170 DECLARING RESOLUTION - FY 2026 O&M ASSESSMENTS]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GIR EAST COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGET(S) FOR FY 2026 PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARING; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“FY 2026”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the GIR East Community Development District (“District”) prior to June 15, 2025, the proposed budget(s), as revised, attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170, 190, and 197, Florida Statutes (“O&M Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the O&M Assessments, and that such O&M Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the proposed O&M Assessments, and desires to set the required public hearing thereon.

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

DECLARING O&M ASSESSMENTS. The current form of the Proposed Budget, attached hereto as Exhibit A, is hereby approved for use in proceedings to levy and impose the O&M Assessments. Pursuant to Chapters 170, 190, and 197, Florida Statutes, the O&M Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the O&M Assessments are described in the Proposed Budget and in the reports (if any) of the District Engineer, all of which are on file and available for public inspection at the office of the District Manager, Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801, (407) 841-5524 (“District Records Office”). The O&M Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District Records Office. The O&M Assessments shall be paid in one or more installment(s) pursuant to a bill issued by the District at least thirty (30) days prior to the first due date, and pursuant to Chapter 170, Florida Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING A PUBLIC HEARING. Pursuant to Chapters 170, 190, and 197, Florida Statutes, a public hearing on the O&M Assessments is hereby declared and set for the following date, time, and location:
DATE:	September 3, 2025
TIME:	3:00 PM (EST)
LOCATION:	Offices of Gentry Land Company 3850 Canoe Creek Road
St. Cloud, Florida 34772

PUBLICATION OF NOTICE. Notice of the public hearing shall be published in the manner prescribed in Florida law. Additionally, the District shall cause this Resolution to be published once a week for a period of two (2) weeks in a newspaper of general circulation published in Osceola County.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 2nd DAY OF JULY 2025.

ATTEST:	GIR EAST COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A:	Proposed Budget (including Assessment roll)

Exhibit A

Proposed Budget (including Assessment roll)

GIR East CDD
FY 26 Assessment Roll

Direct Billing - Assessment Area One
ParcelID	Acres	O&M	Debt	Total	
11-27-30-4950-0001-0805	2.24	$11,059.38	$21,374.02	$32,433.40	
11-27-30-4950-0001-1142	26.40	$130,342.75	$251,908.07	$382,250.82	
12-27-30-4950-0001-0915	3.22	$15,897.87	$30,725.15	$46,623.02	
11-27-30-4950-0001-0492	1.91	$9,465.64	$15,234.44	$24,700.07	
12-27-30-4950-0001-0412	32.28	$159,974.20	$257,469.97	$417,444.17	
12-27-30-4950-0001-0722	1.31	$6,492.14	$10,448.75	$16,940.89	
12-27-30-4950-0001-0732	6.96	$34,492.58	$55,513.97	$90,006.55	
12-27-30-4950-0001-0862	2.82	$13,975.44	$22,492.73	$36,468.17	
12-27-30-4950-0001-0060	149.88	$194,878.32	$309,685.75	$504,564.08	
12-27-30-4950-0001-0750	4.99	$6,492.04	$10,316.66	$16,808.70	
11-27-30-4950-0001-0350	196.64	$255,679.63	$406,306.55	$661,986.18	
Total Gross - AA1	428.66	$838,750.00	$1,391,476.06	$2,230,226.06	
					
Total Net - AA1		$788,425.00	$1,307,987.50	$2,096,412.50	

Direct Billing - Undeveloped					
ParcelID	Acres	O&M	Debt	Total	
11-27-30-4950-0001-0350	100.95	$10,269.44	$0.00	$10,269.44	
14-27-30-4950-0001-0010	99.51	$10,122.95	$0.00	$10,122.95	
13-27-30-4950-0001-0080	4.68	$475.89	$0.00	$475.89	
10-27-30-4950-0001-0010	144.01	$14,650.34	$0.00	$14,650.34	
11-27-30-4950-0001-0390	115.37	$11,736.08	$0.00	$11,736.08	
13-27-30-4950-0001-0240	94.36	$9,599.24	$0.00	$9,599.24	
13-27-30-4950-0001-0690	120.22	$12,229.98	$0.00	$12,229.98	
14-27-30-4950-0001-0050	411.01	$41,812.45	$0.00	$41,812.45	
15-27-30-4950-0001-0010	6.70	$681.59	$0.00	$681.59	
Total Gross - Undeveloped	1096.81	$111,577.97	$0.00	$111,577.97	
					
Total Net - Undeveloped		$104,883.29	$0.00	$104,883.29	
					
Total Combined Gross Direct	1525.46	$950,327.97	$1,391,476.06	$2,341,804.04	
					
Total Combined Net Direct		$893,308.29	$1,307,987.50	$2,201,295.79	

Section VIII

Section C

Section 1

GIR East
Community Development District

Unaudited Financial Reporting
May 31, 2025

Table of Contents

	Balance Sheet

	General Fund

	Capital Projects Fund

	Month to Month

GIR East
Community Development District Combined Balance Sheet
May 31, 2025

	General Fund	Capital Projects	Total
Fund	Governmental Funds	
Assets:
Cash:
Operating Account	

$	5,478	

$	-	$	5,478	
Due from Developer	$	14,322	$	-	$	14,322	
Prepaid Expenditures	$	-	$	-	$	-	
Total Assets	$	19,800	$	-	$	19,800	
Liabilities:
Accounts Payable	

$	8,129	

$	-	$	8,129	
FICA Payable	$	31	$	-	$	31	
Contracts Payable	$	-	$	-	$	-	
Total Liabilites	$	8,159	$	-	$	8,159	

Fund Balance:
Nonspendable:
Deposits and Prepaid Items	

$	

-	

$	

-	

$	

-	
Unassigned	$	11,641	$	-	$	11,641	
Total Fund Balances	$	11,641	$	-	$	11,641	
				
Total Liabilities & Fund Balance	$	19,800	$	-	$	19,800	

GIR East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2025

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

Revenues:			
Developer Contributions	$	143,628	$	53,600	$	53,600	$	-	
Total Revenues	$	143,628	$	53,600	$	53,600	$	-	

Expenditures:			
General & Administrative:			
Supervisor Fees	$	12,000	$	8,000	$	1,200	$	6,800	
FICA Expenditures	$	918	$	612	$	92	$	520	
Engineering	$	15,000	$	10,000	$	-	$	10,000	
Attorney	$	25,000	$	16,667	$	7,112	$	9,555	
Annual Audit	$	3,500	$	3,500	$	3,500	$	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	3,333	$	833	$	2,500	
Trustee Fees	$	4,500	$	-	$	-	$	-	
Management Fees	$	40,000	$	26,667	$	26,667	$	-	
Information Technology	$	1,800	$	1,200	$	1,200	$	-	
Website Maintenance	$	1,200	$	800	$	800	$	-	
Telephone	$	300	$	200	$	-	$	200	
Postage & Delivery	$	1,000	$	667	$	38	$	628	
Insurance	$	5,500	$	5,500	$	5,200	$	300	
Printing & Binding	$	1,000	$	667	$	24	$	642	
Legal Advertising	$	15,000	$	10,000	$	6,360	$	3,640	
Other Current Charges	$	5,000	$	3,333	$	277	$	3,056	
Office Supplies	$	625	$	417	$	1	$	416	
Travel Per Diem	$	660	$	440	$	-	$	440	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Expenditures	$	143,628	$	92,177	$	53,480	$	38,697	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	120		
			
Fund Balance - Beginning	$	-	$	11,520		
			
Fund Balance - Ending	$	-	$	11,641		

GIR East
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2025

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

Revenues:

Developer Advancements	

$	-	$	-	$	302	

$	302	
Total Revenues	$	-	$	-	$	302	$	302	

Expenditures:

General & Administrative:

Capital Outlay - COI	

$	-	$	-	$	302	

$	(302)	
Total Expenditures	$	-	$	-	$	-	$	-	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	302		
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	302		

GIR East
Community Development District Month to Month

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

Revenues:																		
Developer Contributions	$	3,761  $	639  $	21,427	$	3,877  $	3,795  $	4,628  $	7,866  $	7,606	$	-	$	-	$		-  $	-	$	53,600	
Total Revenues	$	3,761  $	639  $	21,427	$	3,877  $	3,795  $	4,628  $	7,866  $	7,606	$	-	$	-	$	-	$	-	$	53,600	

Expenditures:																		
General & Administrative:																		
Supervisor Fees	$	600  $	-  $	200	$	-  $	-  $	200  $	-  $	200	$	-	$	-	$		-  $	-	$	1,200	
FICA Expenditures	$	46  $	-  $	15	$	-  $	-  $	15  $	-  $	15	$	-	$	-	$		-  $	-	$	92	
Engineering	$	-  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	-	
Attorney	$	1,321  $	291  $	724	$	303  $	346  $	3,606  $	428  $	95	$	-	$	-	$		-  $	-	$	7,112	
Annual Audit	$	-  $	-  $	-	$	-  $	-  $	-  $	3,500  $	-	$	-	$	-	$		-  $	-	$	3,500	
Assessment Administration	$	-  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	-	
Arbitrage	$	-  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	-	
Dissemination	$	-  $	-  $	-	$	-  $	-  $	-  $	417  $	417	$	-	$	-	$		-  $	-	$	833	
Trustee Fees	$	-  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	-	
Management Fees	$	3,333  $	3,333  $	3,333	$	3,333  $	3,333  $	3,333  $	3,333  $	3,333	$	-	$	-	$		-  $	-	$	26,667	
Information Technology	$	150  $	150  $	150	$	150  $	150  $	150  $	150  $	150	$	-	$	-	$		-  $	-	$	1,200	
Website Maintenance	$	100  $	100  $	100	$	100  $	100  $	100  $	100  $	100	$	-	$	-	$		-  $	-	$	800	
Telephone	$	-  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	-	
Postage & Delivery	$	1  $	14  $	-	$	-  $	4  $	18  $	1  $	1	$	-	$	-	$		-  $	-	$	38	
Insurance	$	5,200  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	5,200	
Printing & Binding	$	2  $	0  $	-	$	3  $	-  $	-  $	19  $	-	$	-	$	-	$		-  $	-	$	24	
Legal Advertising	$	208  $	5,944  $	-	$	208  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	6,360	
Other Current Charges	$	33  $	33  $	33	$	33  $	36  $	36  $	36  $	36	$	-	$	-	$		-  $	-	$	277	
Office Supplies	$	0  $	0  $	-	$	-  $	0  $	0  $	0  $	0	$	-	$	-	$		-  $	-	$	1	
Travel Per Diem	$	-  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	-	
Dues, Licenses & Subscriptions	$	175  $	-  $	-	$	-  $	-  $	-  $	-  $	-	$	-	$	-	$		-  $	-	$	175	
Total Expenditures	$	11,169  $	9,866  $	4,556	$	4,130  $	3,969  $	7,459  $	7,983  $	4,347	$	-	$	-	$		-  $	-	$	53,480	
																		
Excess Revenues (Expenditures)	$	(7,408)  $	(9,228)  $	16,871	$	(253)  $	(174)  $	(2,830)  $	(118)  $	3,259	$	-	$	-	$		-  $	-	$	120	

Section 2

GIR East
Community Development District
Funding Request #43
MaylS,2025

Bill to:	WS-GIR, LLC

Payee	
General Fund FY2025	

1	
Governmental Management Services: CFL		
	Inv# 33 - Management Fees - May 2025	$	4,000.72	
2	Kutak Rock LLP
Inv# 3564764- General Counsel- March 2025	
$	3,605.61	
		$	7,606.33	

Total:	$	7,606.33 

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 CDD
219 E. Livingston St. Orlando, FL 32801

Invoice #: 33
Invoice Date: 5/1/25
Due Date: 5/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - May 2025	-	;N,0 Website Administration - May 2025 -		'3Sa. Information Technology- May 2025 - o'S I Dissemination Agent Services - May 2025 -
Office Supplies -	t; l b
Postage	-	4�0		3,333.33
100.00
150.00
416.67
0.03
0.69	3,333.33
100.00
150.00
416.67
0.03
0.69	

Total	$4,000.72	
Payments/Credits	$0.00	
Balance Due	$4,000.72	

KUTAK ROCK LLP'ftol­
TALLAHASSEE, FLORIDA	3\tJ
Telephone 404-222-4600
Facsimile 404-222-4654

Check Remit To: Kutak Rock LLP PO Box30057
Omaha, NE 68103-1157

D	re/ii�

ACH/Wire Transfer Remit To:

Federal ID 47-0597598

May 5, 2025

�::;-;::-=---	ABA #104000016

uB ..?, Lil ll/7

First National Bank of Omaha

I

I!/ 11;	Kutak Rock LLP

7

NC#	24690470
. I	MAY O	2025	Reference: Invoice No. 3564764

-�	1	Client Matter No. 29523-1

�-
Mr. George Flint GIREastCDD

N tification Email: eftgroup@kutakrock.com

c/o Governmental Management Services 219 E. Livingston Street
Orlando, FL 32801	Invoice No. 3564764
29523-1

Re:	General Counsel
For Professional Legal Services Rendered

03/04/25	M. Rigoni	0.50	152.50	Prepare for board meeting	
03/05/25	M. Rigoni	5.50	1,677.50	Travel to and attend board meeting	
03/08/25	G. Lovett	0.50	132.50	Monitor legislative process relating	
03/10/25	M. Rigoni	0.10	30.50	to matters impacting special districts Follow-up with staff and Liquori	
				regarding post-issuance matters	
03/18/25	J. Gillis	0.10	18.50	Review	Capitol	Conversations	
03/18/25	A. Willson	0.20	62.00	distribution list and update same Respond to records request	
03/24/25	A. Willson	0.20	62.00	Review items for upcoming board	
03/26/25	M. Rigoni	0.20	61.00	meeting
Confer with Vanderbilt  and Flint	
				regarding agenda items	

TOTAL HOURS	7.30

KUTAKROCKLLP
GIR East CDD May 5, 2025
Client Matter No. 29523-1 Invoice No. 3564764
Page 2

	TOTAL FOR SERVICES RENDERED	$2,196.50	
	DISBURSEMENTS			
	Filing and Court Fees	1,123.70		
	Meals	30.48		
	Travel Expenses	254.93		
	TOTAL DISBURSEMENTS		1.409.11	
	TOTAL CURRENT AMOUNT DUE	$3,605.61 +-	
	UNPAID INVOICES:			
-	January 29, 2025	Invoice No. 3514291	724.00 - rip lb p.tn� fu1t	
�	February 28, 2025	Invoice No. 3527792	302.50 -tblA. FilC �	
_	March 31, 2025	Invoice No. 3540895	346.oo - HolJ	
	TOTAL DUE		$4,978.11	

GIR East
Community Development District
Funding Request #44
June19,2025

Bill to:	WS-GIR, LLC

Payee	
General Fund FY2025	

1	
Governmental Management Services: CFL
Inv# 34- Management Fees - June 2025	
$	4,003.70	
2	K.utak Rock LLP		
	Inv# 3569006- General Counsel - April 2025	$	427.50	
3	Heidt Design		
	Inv# 53502 - iterim Services May 2025	$	95.00	

$	4,526.20

Total:	$	4,526.20 

Please make check payable to:

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

GMS-Central Florida, LLC 1r I
1001 Bradford Way
Kingston, TN 37763

Invoice

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

Invoice #: 34
Invoice Date: 6/1/25
Due Date: 6/1/25
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees	-3((0 Website Administration - 35"� Information Technology - 351
Dissemination Agent Services	313
Office Supplies ..-'5 to Postage	- 'lU> Copies ... 'f 1,,�	

7	3,333.33
100.00
150.00
416.67
0.06
1.39
2.25	3,333.33
100.00
150.00
416.67
0.06
1.39
2.25	

Total	$4,003.70	
Payments/Credits	$0.00	
Balance Due	$4,003.70	

KUT AK  RO C K  LL P +r�
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654 3\'S

Federal ID 47-0597598

May 28, 2025

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

Check Remit To: Kutak Rock LLP POBox30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kutak Rock LLP
AJC # 24690470
Reference: Invoice No. 3569006 Client Matter No. 29523-1
Notification Email: eftgroup@kutakrock.com

Invoice No. 3569006
29523-1

Re:	General Counsel
For Professional Legal Services Rendered

04/10/25	P. Avrett	0.40	64.00	Coordinate response to auditor letter	
04/12/25	L. Whelan	0.50	192.50	Monitor legislative process relating	
				to matters impacting special districts	
04/30/25	J. Gillis	0.10	18.50	Prepare  tracking  chart	for  2026	
				elections	
04/30/25	M. Rigoni	0.50	152.50	Review draft agenda and prepare	
				agenda items; confer with Vanderbilt	

TOTAL HOURS	1.50

KUTAK ROCK LLP
GIR East CDD May 28, 2025
Client Matter No. 29523-1		
Invoice No. 3569006
Page 2		
TOTAL FOR SERVICES RENDERED	$427.50	
TOTAL CURRENT AMOUNT DUE	$427.50	
UNPAID INVOICES:		
January 29, 2025	Invoice No. 3514291	724.00	
February 28, 2025	Invoice No. 3527792	302.50	
March 31, 2025	Invoice No. 3540895	346.00	
May 5, 2025	Invoice No. 3564764	3,605.61	
TOTAL DUE	

HEIDT #15
DESIGN	ikS
P: (813) 253-5311 I F: (813) 464-7629
5904-A Hampton Oaks Pkwy.
Tampa, FL 33610
www.heidtdesign.com

Invoice

Attention:	Invoice Number:
GIR East Community Development District	 Invoice Date: c/o Governmental Management Services - Central Florida, LLC	Month Ending:
219 East Livingston Street	Prqject Manager:
Orlando, FL 32801	Project Number:
Attn: Monica Virgen
Project Name: GIR East CDD Interim Services

53502
May 31, 2025
May 31, 2025
SMITH, STRICKLAND T. CDD GI 1001

Senior Project Manager
Total Professional Services

Hours	Rate	Amount

CDD mtg	.50	190.00	$95.00

.50	$95.00

Invoice Total	$95.00

Payment prior to the 15th of the month following the date of this invoice will qualify for a 2% discount.
Payment is due no later than the 25th of the month following the date of this invoice. Failure to pay the amount due within the time frame set forth herein shall result in an interest charge accruing in accordance with our contract. Please contact Rikkilee Glass if you should have a question concerning this invoice.