Tapestry Community Development District

Agenda July 24, 2019

-. -- -

Tapestry
Community Development District
135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524- Fax: 407-839-1526

July 17, 2019
Board of Supervisors Tapestry Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of Tapestry Community Development District will be held Wednesday, July 24, 2019 at 11:30 AM at the Hart Memorial Central Library, Roseada Room, 211 E. Dankin Avenue, Kissimmee, Florida. Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Approval of Minutes of the April 24, 2019 Meeting
Tally of Audit Committee Member Rankings and Selection of an Auditor
Adjournment

Board of Supervisors Meeting
Roll Call
Public Comment Period
Organizational Matters
A  Acceptance   of   Resignations   of	Amy	Herskovitz	and	Keith	Trace	and Appointment of Individuals to Fulfill the Board Vacancies
Adrrtinistration of Oath of Office to Newly Appointed Board Member(s)
Election of Officers
Consideration of Resolution 2019-05 Electing Officers
Approval of Minutes of the April 24, 2019 Meeting
Review and Acceptance of Fiscal Year 2018 Audit Report
Acceptance of Audit Committee Recommendation and Selection of #1 Ranked Firm to Provide Auditing Services for the Fiscal Year 2019
Public Hearing
A Consideration of Resolution 2019-06 Adopting the Fiscal Year 2020 Budget and Relating to the Annual Appropriations
B.   Consideration   of  Resolution  2019-07	Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Website Compliance Agreement with VGlobalTech
Consideration of Proposal from Yellowstone Landscape to Provide Additional Landscape Maintenance Services
Staff Reports
A Attorney
Engineer

District Manager's Report
Approval of Check Register
11. Balance Sheet and Income Statement
Presentation of Number of Registered Voters - 618
Approval of Fiscal Year 2020 Meeting Schedule
Statement of  Financial Interests Filing Reminder
Supervisor's Requests
Adjournment

The second order of business of the Audit Committee Meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Committee as reflected on the agenda, and any other items. The third order of business is the approval of the minutes from the April 24, 2019 meeting. The minutes are enclosed for your review. The fourth order of business is the tally of the audit committee members rankings and selection of an auditor. Rankings from all audit committee members will be tallied at the meeting to develop an overall audit committee ranking. The RFP responses have been provided separately and the tally sheet has been enclosed in your agenda package.

The second order of business of the Board of Supervisors Meeting is the Public Comment where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is the Organizational Matters. Section A is the acceptance of resignations of Amy Herskovitz and Keith Trace and appointment of individuals to fulfill the Board vacancies. Both letters are enclosed for your review. Section B is the administration of the Oaths of Office to the newly elected Board Member(s) and Section C is the election of officers. Section D is the consideration of Resolution 2019-05 electing officers. A copy of the Resolution is enclosed for your review.

The fourth order of business is approval of minutes of the April 24, 2019 meeting. The minutes are enclosed for your review.

The fifth order of business is the review and acceptance of the Fiscal Year 2018 audit report. A copy of the report is enclosed for your review and the bound report will be available at the meeting for distribution.

The sixth order of business is the acceptance of the Audit Committee recommendation and selection of the #1 ranked firm to provide auditing services for the Fiscal Year 2019. There is no back-up material.

The seventh order of business opens the public hearing to adopt the Fiscal Year 2020 budget and assessments. Section A is the consideration of Resolution 2019-06 adopting the Fiscal Year 2020 budget and relating to the annual appropriations. A copy of the Resolution and approved budget are enclosed for your review. Section B is the consideration of Resolution 2019-07 imposing special assessments and certifying an assessment roll. A copy of the Resolution is enclosed for your review and the assessment roll will be available at the meeting for review.

The eighth order of business is the consideration of the website compliance proposal from VGlobalTech. A copy of the proposal is enclosed for your review.
The ninth order of business is the consideration of proposal from Yellowstone Landscape to provide additional landscape maintenance services. A copy of the proposal is enclosed for your review.
Section C of the tenth order of business is the District Manager's Report. Section 1 is the approval of the check register and Section 2 includes the balance sheet and income statement for your review. Section 3 is the presentation of the number of registered voters within the boundaries of the District. A copy of the letter from the Osceola County Supervisor of Elections is enclosed for your review. Section 4 is the approval of the Fiscal Year 2020 meeting schedule. A sample meeting notice is enclosed for your review. Section 5 is a discussion regarding the statement of financial interests filing deadline with the Commission on Ethics.

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

George S. Flint District Manager
CC:	Jason Walters, District Counsel Lindsay Whelan, District Counsel Mark Vincuntonis, District Engineer Darrin Mossing, GMS
Enclosures

AUDIT COMMITTEE MEETING

MINUTES

MINUTES OF MEETING TAPESTRY
COMMUNITY DEVELOPMENT DISTRICT

The Tapestry Community Development District Audit Committee meeting was held Wednesday, April 24, 2019 at 11:48 a.m. in the Hart Memorial Central Library, 211 E. Dakin Avenue, Roseada Room, Kissimmee, Florida.

Present were:
Chuck Bell Keith Trace Thomas Franklin George Flint
Jason Walters by phone Mark Vincutonis William Viasalyers Marcia Calleja
Larissa Diaz Maria Diaz

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the Audit Committee meeting to order and called the roll.

SECOND ORDER OF BUSINES	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Mr. Flint stated the first item is approval of the request for proposals and selection criteria. We included a recommended request for proposal document, which indicates a due date ofFriday, July 12, 2019 at 2:00 p.m., which will allow us to get those responses in time to have them on your July agenda for the Audit Committee. At the July meeting we will have an Audit Committee meeting prior to the Board meeting where the Audit Committee will review and rank the responses and then have the Board meeting where they will consider your recommendations. This is a standard set of instructions and the evaluation criteria is listed on the third page and those include,

April 24, 2019	Tapestry CDD

ability of personnel, their experience, understanding of the scope, ability to provide the required services and price. The Board has the ability to base the evaluation solely on qualifications and remove price as a criteria; we recommend you include price.

On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor the request for proposals and selection criteria was approved.

Approval of Notice of Request for Proposals for Audit Services
Mr. Flint stated we also included a notice that will be run in the Orlando Sentinel advertising for qualified firms to provide proposals for independent annual auditing services. It indicates where they should submit their proposals and the deadline of July 12, 2019 at 2:00 p.m.

On MOTION by Mr. Trace seconded by Mr. Bell with all in favor the notice of request for proposals for audit services was approved.

Public Announcement of Opportunity to Provide Audit Services
Mr. Flint stated we publicly announce the opportunity to provide auditing services and the details for any interested firm is included on the notice that the Board just approved.

On MOTION by Mr. Trace seconded by Mr. Bell with all in favor the Audit Committee meeting adjourned at 11:51 a.m.

Attest	Chairman

2

I·

,SECTION IV

II	,
Tapestry COD Auditor Selection	-
Ability to Furnish the
Ability of Personnel		Proposer's	Understading of Scope	Required Services (20		Total Points		Ranking Exoerience (20 ots)		of Work 120 ots)		ptsl	Price (20 pts)		Earned	(1 being highest)

FY2019- $3,400 FY2020- $3,500 FY2021 - $3,600 FY2022- $3,700
Grau & Associates	FY2023 - $3,800

Proposal to Provide Financial Auditing Services

TAPESTRY
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: July 12, 2019 - 2:00PM

Submitted to:
Tapestry Community Development District c/o GMS - CF, LLC, District Manager
135 W. Central Blvd., Suite 320
Orlando, FL 32801

Submitted by:
Antonio J. Grau, Partner Grau & Associates
951 Yamato Road, Suite 280 Boca Raton, Florida 33431
Tel	(561) 994-9299 / (800) 229-4728
Fax	(561) 994-5823
Tony@graucpa.com / www.graucpa.com

Table of Contents

PAGE

EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS & EXPERIENCE	3
STAFF QUALIFICATIONS	20
REFERENCES	27
SPECIFIC AUDIT APPROACH	29
COST OF SERVICES	33
SUPPLEMENTAL INFORMATION	35

951 Yamato Road, Suite 280 Boca Raton, Florida 33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823

July 12, 2019

Tapestry Community Development District c/o GMS - CF, LLC, District Manager
135 W. Central Blvd., Suite 320
Orlando, FL 32801

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2019, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) is pleased to respond to the Tapestry Community Development District’s (the “District”) Request for Proposal (RFP), and look forward to working with you on your audit. We are a team of knowledgeable professionals with extensive experience in audits for organizations just like yours, and we know how to work with you to complete an effective and efficient audit.

Since our focus is on government, we fully understand the professional services and work products required to meet your RFP requirements. Our team provided services in excess of 19,000 hours for our public sector clients last year, and we currently audit over 300 governmental entities. Our practice is unique as 98% of work is either audit or work related to government and non-profit entities.

In addition to our firm’s focus, Grau & Associates is a great fit for your audit for a variety of other reasons, including:

Experience
Grau is proud of the fact that the personnel we assign to your audit are some of the most experienced auditors in the field. Unlike many other firms, our auditors work almost exclusively with governmental entities, which mean they are more knowledgeable and efficient on audits like yours. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you. Also, due to Grau’s very low turnover rate for our industry, you won’t have to worry about retraining your auditors from year to year.

Service
Our clients are pleased with the level of personalized service they receive from our talented professionals. Because of our extensive experience, we are adept at making the transition to a new firm as smooth as possible. We work with you to resolve any issues and keep in regular contact so there are no surprises when the final report delivers. In fact, your engagement team will report any potential audit adjustments to you on a regular basis so you will have adequate time to research and respond. Additionally, we have a disaster recovery plan that includes daily data back-ups and offsite file storage, so in the case of an emergency, your records would be safe.

Tapestry Community Development District July 12, 2019

Responsiveness
We pride ourselves on our high level of responsiveness. We answer emails and telephone calls within 24 hours, and usually right away. We are always accessible to clients during business hours, and make every effort to answer any questions as they arise. Additionally, we don’t just complete your audit and disappear. We understand the “big picture” and think beyond the traditional auditor’s perspective. We remain in touch for the entire year, suggesting ways you can improve your District’s performance, procedures and controls. We will update, advise and educate you on new or revised reporting requirements so you are sure to always remain compliant.

Reputation
Our reputation in our field is impeccable. We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We have the professional staff available to perform the engagement and resources required to complete the work. We are financially stable and have never been involved in any bankruptcy proceedings.

Standards
Grau & Associates is a professional association / licensed certified public accounting firm serving clients through the state of Florida. We are a member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA). Additionally, individuals are members of both the (GFOA) and (FGFOA). Grau is also a member of the Governmental Audit Quality Center (GAQC). Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

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

We would be happy to answer any questions or provide additional information as needed. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or Racquel McIntosh, CPA (rmcintosh@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience, and look forward to serving you.

Very truly yours, Grau & Associates

Antonio J. Grau

2

Firm Qualifications & Experience

3

Grau & Associates is a medium-sized accounting firm providing comprehensive financial and compliance auditing, attestation and accounting, and other management consulting services and we are properly registered and licensed by the State of Florida. The Partners, Consultant and Managers of Grau are members of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants.

Grau & Associates is a properly registered/licensed State of Florida professional corporation and all assigned supervisory professional staff are properly registered/licensed to practice in the State of Florida.

Grau’s Focus and Experience

We are dedicated to serving Special Districts.
We currently audit over 300 Special Districts.
Last year, Grau performed in excess of 19,000 hours of services for our Public Sector Clients under
Governmental Auditing Standards.
Grau currently only provides audit and attestation services principally for governmental and non- profit entities under government auditing standards. The firm and staff are 100% dedicated to the audit practice.

During Grau’s history we have consistently focused on providing service to the public sector. By focusing our resources on this industry, we provide the highest level of services to our Public Sector Clients.

Grau & Associates has a total of 17 employees, 15 professional staff, including 2 Partners and 13 professionals who specialize in providing auditing, accounting, consulting, and monitoring services to the Public Sector and 2 administrative professionals. The number of professional staff by employee classification is as follows:

Team Member	Total Professional Staff	Total CPAs	Total Government Audit Staff	
Partners	2	2	2	
Managers	3	3	3	
Advisory Consultant	1	1	1	
Supervisor / Seniors	4	2	4	
Staff Accountants	5	1	5	
Total	15	9	15	

Compliance with Government Education Requirements

In order to maintain our high level of technical competence, we provide continuing professional education programs for all partners and professional staff members, which exceed national and state standards. All of the audit professionals of Grau & Associates exceed the education requirements as set forth in Government Auditing Standards, published by the Comptroller General of the United States, and our continuing professional education programs ensure that all audit professionals meet the requirements to participate in audits of government agencies.

4

Professional Staff Training
Partners - All of our Partners are CPA’s and have diversified public accounting experience. They are responsible for overall engagement performance, policy, direction and quality control and have far exceeded minimum CPE requirements.

Managers - All of our Audit Managers are CPA’s who have demonstrated the ability to plan audit engagements, supervise personnel and maintain frequent contact with clients. They continually upgrade their skills through the firm’s continuing education programs and courses sponsored by the AICPA, FICPA and GFOA. They have far exceeded minimum CPE Requirements.

Seniors - All of our Seniors have a minimum of 3 years of diversified public accounting experience. They perform audits, evaluate staff, review findings and prepare audit reports. They possess the potential for upward mobility and have far exceeded minimum CPE requirements.

Memberships

All of the firm’s CPA’s are properly licensed as CPA’s and members in good standing of both the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. In addition, certain firm professionals are members or have been members of the following professional groups:

FICPA Committee on State and Local Government
Florida Government Finance Officers Association (FGOA)
Special Review Committee of the Government Finance Officers Association
Florida Institute of CPA Non-Profit Conference Committee
Florida Association of Special Districts (FASD)
FGFOA Annual Conference Program Committee
FASD Finance Committee
FICPA Young CPAs Committee
FICPA Accounting Careers Committee

In addition, we have an ongoing recruitment program that seeks only those accountants with a proven record of academic success. When we recruit at the senior and manager level, we select CPA’s with proven governmental accounting and auditing experience.

Quality Control and Confidentiality

Grau participates in an external quality review program requiring an on-site independent examination of our auditing practice. Grau has consistently received an unqualified opinion on the quality of our audit practice. During our firm’s last external quality control review, six audits were reviewed, including five government audits. A copy of the report on the firm’s most recent quality review can be found on the following page.

In addition to scheduled Peer Reviews, our firm continually monitors performance to ensure the highest quality of services. Under the supervision of the Audit Partner, an Audit Manager is responsible for monitoring quality control of all appropriate engagements.

Results of State and Federal Reviews

All state and federal reviews of the firm’s reports and working papers have been accepted without change or revision to issued reports.

5

•
Ii	PA	CPA

FICPA Peer Rniew Program Administered in Florida bythe Flolida Instituteol CPAs

AICPA Peer Rewlew Pragram Mn1nistt,ed in Florida by the Flooda Institute of CPAs

March 2, 2017
Antonio Jose Grau Jr, CPA Grau & Associates
2700 N Military Tri Ste 350
Boca Raton, FL 33431

Dear Mr. Grau:
It is my pleasure to notify you that on March 2, 2017 the Florida Peer Review Committee accepted the report on the most recent system peer review of your linn. The due date for your next review is December 31, 2019. This is the date by which all review documents should be completed and submitted to the administering entity.
As you know, the report had a peer review rating of pass. The Committee asked me to convey its congratulations to the firm.
Sincerely,

Paul N. Brown, CPA, COMA Director of Technical Services

cc: Daniel Joseph I levia, CPA

Finn Number: 4390114	Review Number: 474720

325 W. College Ave. PO. Box .S◄37 T,illahassee, Fl 32314' (8S0) 224 2727 (800) 3-12-3197 Fax: (8S0) 222-8190 www.ficpa.org

, AICPA)"
PEER REVIEW PROGRAM
is proud to present th is
Certificate of Recognition
to

Grau & Associates

For having a system of quality control for its accounting and auditing practice in effect for the year ended June 30. 20 16 which has been designed to meet the requirernents of the quality control standards
for an accounting and auditing practice established by the AICPA and which was complied with during the year then ended to provide the firm with reasonable assurance of conforming with professional standards.

� �
AnitaJ.O� AICPA  Veer Re.,iew Hoard
2016

6

Partial List of Clients
The following is a partial list of clients served and related experience:

Governmental Audit	
Utility Audit	
Current Client	
Year End	
Aberdeen Community Development District				9/30	
Allen Plantation Community Development District				9/30	
Amelia Concourse Community Development District				9/30	
Amelia National Community Development District				9/30	
Amelia Walk Community Development District				9/30	
Anthem Park Community Development District				9/30	
Antigua at St. Augustine Community District				9/30	
Aqua One Community Development District				9/30	
Arbor Green Community Development District				9/30	
Arbor Green Community Development District				9/30	
Arlington Ridge Community Development District				9/30	
Armstrong Community Development District				9/30	
Artisan Lakes Community Development District				9/30	
Asturia Community Development District				9/30	
Ave Maria Stewardship Community Development District				9/30	
Aventura Isles Community Development District				9/30	
Bahia Lakes Community Development District				9/30	
Ballantrae Community Development District				9/30	
Ballantrae Hillsborough Community Development District				9/30	
Coconut Cay Community Development District				9/30	
Bartram Springs Community Development District				9/30	
Bay Creek Community Development District				9/30	
Bay Laurel Community Development District				9/30	
Bay Tree Community Development District				9/30	
Bayside Improvement Development District				9/30	
Baywinds Community Development District				9/30	
Beach Community Development District				9/30	
Beacon Tradeport Community Development District				9/30	
Beeline Community Development District				9/30	
Bella Verda East Community Development District				9/30	
Bella Verda Lake Community Development District				9/30	
Bella Vida Community Development District				9/30	
Bellagio Community Development District				9/30	
Belmont Community Development District				9/30	
Belmont Lakes Community Development District				9/30	
Bexley Community Development District				9/30	
Blackburn Creek Community Development District				9/30	
Bluewaters Community Development District				9/30	

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Governmental Audit	
Utility Audit	
Current Client	
Year End	
Bobcat Trail Community Developement District				9/30	
Boggy Creek Community Development District				9/30	
Bonita Landing Community Development District				9/30	
Bonita Village Community Development District				9/30	
Bonnett Creek Resort Community Development District				9/30	
Bonterra Community Development District				9/30	
Brandy Creek Community Development District				9/30	
Bridgewater Community Development District				9/30	
Bridgewater of Wesley Chapel Community Development District				9/30	
Briger Community Development District				9/30	
Brighton Lakes Community Development District				9/30	
Brooks of Bonita Springs I Community Development District				9/30	
Brooks of Bonita Springs II Community Development District				9/30	
Bull Frog Creek Community Development District				9/30	
Candler Hills East Community Development District				9/30	
Capital Region Community Development District				9/30	
Captain's Key Dependent District				9/30	
Caribe Palm Community Development District				9/30	
Carlton Lakes Community Development District				9/30	
Cascades at Groveland Community Development District				9/30	
Catalina at Winkler Preserve Community Development District				9/30	
CBL/BM Port Orange West Community Development District				9/30	
Cedar Pointe Community Development District				9/30	
Celebration Point Community Development District				9/30	
Central Lake Community Development District				9/30	
Century Gardens Community Development District				9/30	
Century Gardens at Tamiami Community Development District				9/30	
Century Gardens Village Community Development District				9/30	
Century Parc Community Development District				9/30	
CFM (Coolidge Fort Myers) Community Development District				9/30	
Chapel Creek Community Development District				9/30	
Champions Gate Community Development District				9/30	
Champion’s Reserve Community Development District				9/30	
Channing Park Community Development District				9/30	
City Center Community Development District				9/30	
City Place Community Development District				9/30	
Clearwater Cay Community Development District				9/30	
Coastal Lake Community Development District				9/30	
Coconut Palms Community Development District				9/30	
Coconut Cay Community Development District				9/30	
Concorde Estates Community Development District				9/30	
Concorde Station Community Development District				9/30	

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Governmental Audit	
Utility Audit	
Current Client	
Year End	
Connerton West Community Development District				9/30	
Copper Creek Community Development District				9/30	
Copper Oaks Community Development District				9/30	
Copperstone Community Development District				9/30	
Coral Bay Community Development District				9/30	
Coral Keys Homes Community Development District				9/30	
Coral Town Park Community Development District				9/30	
Cordoba Ranch Community Development District				9/30	
Corkscrew Farms Community Development District				9/30	
Coronado Community Development District				9/30	
Cory Lakes Community Development District				9/30	
Country Club of Mount Dora Community Development District				9/30	
Country Greens Community Development District				9/30	
Country Walk Community Development District				9/30	
Covington Park Community Development District				9/30	
Creekside Community Development District				9/30	
Crestview II Community Development District				9/30	
Crestview West Community Development District				9/30	
Cross Country Home Services Community Development District				9/30	
Cross Creek Community Development District				9/30	
Cutler Cay Community Development District				9/30	
Cypress Cove Community Development District				9/30	
Cypress Grove Community Development District				9/30	
Cypress Lakes Community Development District				9/30	
Cypress Shadows Community Development District				9/30	
Deer Island Community Development District				9/30	
Deer Run Community Development District				9/30	
Diamond Hill Community Development District				9/30	
Double Branch Community Development District				9/30	
Dove Pond Community Development District				9/30	
Downtown Doral Community Development District				9/30	
Dunes Community Development District				9/30	
Dupree Lakes Community Development District				9/30	
Eagle Point Community Development District				9/30	
East Bonita Bridge Road Community Development District				9/30	
East Park Community Development District				9/30	
Easton Park Community Development District				9/30	
Enclave at Black Point Marina Community Development District				9/30	
Encore Community Development District				9/30	
Enterprise Community Development District				9/30	
Epperson Ranch Community Development District				9/30	
Estancia at Wiregrass Community Development District				9/30	

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Governmental Audit	
Utility Audit	
Current Client	
Year End	
Estates at Cherry Lake Community Development District				9/30	
Estuary Community Development District				9/30	
Falcon Trace Community Development District				9/30	
Fallschase Community Development District				9/30	
Fiddler’s Creek Community Development District				9/30	
Fishhawk I Community Development District				9/30	
Fishhawk II Community Development District				9/30	
Fishhawk III Community Development District				9/30	
Fishhawk IV Community Development District				9/30	
Fleming Island Plantation Community Development District				9/30	
Florida Green Finance Authority				9/30	
Founder’s Ridge Community Development District				9/30	
Fountainbleau Lakes Community Development District				9/30	
Forest Creek Community Development District				9/30	
Gardens at Millenia Community Development District				9/30	
Glen St. Johns Community Development District				9/30	
Gramercy Farms Community Development District				9/30	
Grand Bay at Doral Community Development District				9/30	
Grand Hampton Community Development District				9/30	
Grand Haven Community Development District				9/30	
Greater Lakes/Sawgrass Community Development District				9/30	
Green Corridor PACE District				9/30	
Greyhawk Landing Community Development District				9/30	
Groves Community Development District				9/30	
Habitat Community Development District				9/30	
Hacienda Lakes Community Development District				9/30	
Hamal Community Development District				9/30	
Hammocks Community Development District				9/30	
Harbor Bay Community Development District				9/30	
Harbour Isles Community Development District				9/30	
Harbourage at Braden River Community Development District				9/30	
Harmony Community Development District				9/30	
Harrison Ranch Community Development District				9/30	
Hawk's Point Community Development District				9/30	
Hemmingway Point Community Development District				9/30	
Heritage Bay Community Development District				9/30	
Heritage Greens Community Development District				9/30	
Heritage Harbor Community Development District				9/30	
Heritage Harbor at Braden River Community Development District				9/30	
Heritage Harbour Market Place Community Development District				9/30	
Heritage Harbour South Community Development District				9/30	
Heritage Isles at Viera Community Development District				9/30	

10

Governmental Audit	
Utility Audit	
Current Client	
Year End	
Heritage Isles Community Development District				9/30	
Heritage Landing Community Development District				9/30	
Heritage Oak Park Community Development District				9/30	
Heritage Park Community Development District				9/30	
Heritage Plantation Community Development District				9/30	
Heritage Springs Community Development District				9/30	
Heron Isles Community Development District				9/30	
Hickory Hammock Community Development District				9/30	
High Ridge/Quantum Community Development District				9/30	
Highlands Community Development District				9/30	
Hollywood Beach Community Development District				9/30	
Homestead 50 Community Development District				9/30	
Hypoluxo-Haverhill Community Development District				9/30	
Independence Park Community Development District				9/30	
Indigo Community Development District				9/30	
Indigo East Community Development District				9/30	
Interlaken Community Development District				9/30	
Islands at Doral III Community Development District				9/30	
Islands at Doral (NE) Community Development District				9/30	
Islands at Doral (SW) Community Development District				9/30	
Islands at Doral Townhomes Community Development District				9/30	
Isles of Coconut Cay Community Development District				9/30	
Journey's End Community Development District				9/30	
Jurlington Creek Plantation Community Development District				9/30	
K-Bar Ranch Community Development District				9/30	
Kendall Breeze Community Development District				9/30	
Kendall Breeze West Community Development District				9/30	
Key Marco Community Development District				9/30	
Keys Cove Community Development District				9/30	
Keys Cove II Community Development District				9/30	
La Collina Community Development District				9/30	
Laguna Estates Community Development District				9/30	
Laguna Lakes Community Development District				9/30	
Lake Ashton Community Development District				9/30	
Lake Ashton II Community Development District				9/30	
Lake Francis Community Development District				9/30	
Lake Padgett Estates Independent District				9/30	
Lake Powell Residential Golf Community Development District				9/30	
Lakes by the Bay South Community Development District				9/30	
Lakeshore Ranch Community Development District				9/30	
Lakeside Community Development District				9/30	
Lakeside Landings Community Development District				9/30	

11

Governmental Audit	
Utility Audit	
Current Client	
Year End	
Lakeside Plantation Community Development District				9/30	
Lakewood Ranch 1 Community Development District				9/30	
Lakewood Ranch 2 Community Development District				9/30	
Lakewood Ranch 3 Community Development District				9/30	
Lakewood Ranch 4 Community Development District				9/30	
Lakewood Ranch 5 Community Development District				9/30	
Lakewood Ranch 6 Community Development District				9/30	
Legacy Springs Community Development District				9/30	
Legends Bay Community Development District				9/30	
Lexington Community Development District				9/30	
Live Oak Lake Community Development District				9/30	
Live Oak No. 1 Community Development District				9/30	
Long Lake Ranch Community Development District				9/30	
Longleaf Community Development District				9/30	
Lucaya Community Development District				9/30	
Madeira Community Development District				9/30	
Magnolia Park Community Development District				9/30	
Magnolia West Community Development District				9/30	
Main Street Community Development District				9/30	
Mainstreet Community Development District				9/30	
Majorca Isles Community Development District				9/30	
Maple Ridge Community Development District				9/30	
Marsh Harbour Community Development District				9/30	
Marshall Creek Community Development District				9/30	
Mayfair Community Development District				9/30	
Meadow Pines Community Development District				9/30	
Meadow Point I Community Development District				9/30	
Meadow Point III Community Development District				9/30	
Meadow Point IV Community Development District				9/30	
Meadow Woods Community Development District				9/30	
Mediterra North Community Development District				9/30	
Mediterra South Community Development District				9/30	
Mediterranea Community Development District				9/30	
Middle Village Community Development District				9/30	
Mira Lago West Community Development District				9/30	
Mirada Community Development District				9/30	
Miromar Lakes Community Development District				9/30	
Montecito Community Development District				9/30	
Monterey/Congress Community Development District				9/30	
Myakka Community Development District				9/30	
Moody River Estates Community Development District				9/30	
Myakka Ranch Community Development District				9/30	

12

Governmental Audit	
Utility Audit	
Current Client	
Year End	
Myrtle Creek Community Development District				9/30	
Naples Heritage Community Development District				9/30	
Narcoossee Community Development District				9/30	
Newport Tampa Bay Community Development District				9/30	
North Dade Community Development District				9/30	
Northern Riverwalk Community Development District				9/30	
Northwood Community Development District				9/30	
Oak Creek Community Development District				9/30	
Oakridge Community Development District				9/30	
Oaks at Shady Creek, The Community Development District				9/30	
Oakstead Community Development District				9/30	
Old Palm Community Development District				9/30	
Orchid Grove Community Development District				9/30	
Osprey Oaks Community Development District				9/30	
OTC Community Development District				9/30	
Palm Bay Community Development District				9/30	
Palm Beach Plantation Community Development District				9/30	
Palm Coast Park Community Development District				9/30	
Palm Glades Community Development District				9/30	
Palma Sola Trace Community Development District				9/30	
Palms of Terra Ceia Bay Community Development District				9/30	
Pan American West Community Development District				9/30	
Panther Trace I Community Development District				9/30	
Panther Trace II Community Development District				9/30	
Panther Trails Community Development District				9/30	
Parker Road Community Development District				9/30	
Parklands Lee Community Development District				9/30	
Parklands West Community Development District				9/30	
Parkway Center Community Development District				9/30	
Paseo Community Development District				9/30	
PBR Community Development District				9/30	
Pebblewalk Village Community Development District				9/30	
Pelican Marsh Community Development District				9/30	
Pembroke Harbor Community Development District				9/30	
Pentathlon Community Development District				9/30	
Pine Air Lakes Community Development District				9/30	
Pine Island Community Development District				9/30	
Pine Island South Community Development District				9/30	
Piney-Z Community Development District				9/30	
Pioneer Community Development District				9/30	
Poinciana Community Development District				9/30	
Poinciana West Community Development District				9/30	

13

Governmental Audit	
Utility Audit	
Current Client	
Year End	
Portico Community Development District				9/30	
Portofino Cove Community Development District				9/30	
Portofino Isles Community Development District				9/30	
Portofino Landings Community Development District				9/30	
Portofino Shores Community Development District				9/30	
Portofino Springs Community Development District				9/30	
Portofino Vineyards Community Development District				9/30	
Portofino Vista Community Development District				9/30	
Preserve at Wilderness Lake Community Development District				9/30	
Principal One Community Development District				9/30	
Quantum Community Development District				9/30	
Quantum Park Overlay Community Development District				9/30	
Quarry Community Development District				9/30	
Randal Park Community Development District				9/30	
Remington Community Development District				9/30	
Renaissance Community Development District				9/30	
Reserve Community Development District				9/30	
Reserve 2 Community Development District				9/30	
Reunion East Community Development District				9/30	
Reunion West Community Development District				9/30	
River Bend Community Development District				9/30	
River Glen Community Development District				9/30	
River Hall Community Development District				9/30	
River Place on the St. Lucie Community Development District				9/30	
River Ridge Community Development District				9/30	
Rivercrest Community Development District				9/30	
Rivers Edge Community Development District				9/30	
Sable Palm Community Development District				9/30	
Sail Harbour Community Development District				9/30	
Sampson Creek Community Development District				9/30	
Sandy Creek Community Development District				9/30	
Sausalito Bay Community Development District				9/30	
Seven Oaks I Community Development District				9/30	
Seven Oaks II Community Development District				9/30	
Silver Palms Community Development District				9/30	
Silverado Community Development District				9/30	
Six Mile Creek Community Development District				9/30	
Somerset Community Development District				9/30	
Sonoma Bay Community Development District				9/30	
South Bay Community Development District				9/30	
South Fork Community Development District				9/30	
South Fork East Community Development District				9/30	

14

Governmental Audit	
Utility Audit	
Current Client	
Year End	
South Fork III Community Development District				9/30	
South Kendall Community Development District				9/30	
South Shore Corporate Park Industrial Community Development District				9/30	
South-Dade Venture Development District				9/30	
South Village Community Development District				9/30	
Southaven Community Development District				9/30	
Southern Hills Plantation I Community Development District				9/30	
Southern Hills Plantation II Community Development District				9/30	
Southern Hills Plantation III Community Development District				9/30	
Spicewood Community Development District				9/30	
Split Pine Community Development District				9/30	
Springridge Community Development District (formerly Killarney)				9/30	
St. John's Forest Community Development District				9/30	
Sterling Hill Community Development District				9/30	
Stevens Plantation Community Development District				9/30	
Stonebrier Community Development District				9/30	
Stonegate Community Development District				9/30	
Stoneybrook at Venice Community Development District				9/30	
Stoneybrook Community Development District				9/30	
Stoneybrook Oaks Community Development District				9/30	
Storey Park Community Development District				9/30	
Summerville Community Development District				9/30	
Summit at Fern Hill Community Development District				9/30	
Sunny Hills Units 12-15 Dependent District				9/30	
SWI Community Development District				9/30	
Talavera Community Development District				9/30	
Tampa Palms Community Development District				9/30	
Tampa Palms Open Space and Transport Community Development District				9/30	
Tapestry Community Development District				9/30	
Tara Community Development District				9/30	
Terra Bella Community Development District				9/30	
Tesoro Community Development District				9/30	
Thousand Oaks Community Development District				9/30	
Tison's Landing Community Development District				9/30	
Tolomato Community Development District				9/30	
Tomoka Community Development District				9/30	
Toscana Isles Community Development District				9/30	
Town Center at Palm Coast Community Development District				9/30	
Tradition Community Development District				9/30	
Trails Community Development District				9/30	
Trails at Monterey Community Development District				9/30	

15

Governmental Audit	
Utility Audit	
Current Client	
Year End	
Treaty Oaks Community Development District				9/30	
Tree Island Estates Community Development District				9/30	
Treeline Preserve Community Development District				9/30	
Trevesta Community Development District				9/30	
Triple Creek Community Development District				9/30	
TSR Community Development District				9/30	
Turnbull Creek Community Development District				9/30	
Turtle Run Community Development District				9/30	
Tuscany Reserve Community Development District				9/30	
Twelve Oaks Community Development District				9/30	
Two Creeks Community Development District				9/30	
University Place Community Development District				9/30	
University Square Community Development District				9/30	
Urban Orlando Community Development District				9/30	
Valencia Acres Community Development District				9/30	
Vasari Community Development District				9/30	
Venetian Community Development District				9/30	
Venetian Isles Community Development District				9/30	
Venetian Parc Community Development District				9/30	
Verandah Community Development District				9/30	
Verandah East Community Development District				9/30	
Verandah West Community Development District				9/30	
Verandahs Community Development District				9/30	
Verano #1 Community Development District				9/30	
Verano Center Community Development District				9/30	
Verona Walk Community Development District				9/30	
Viera East Community Development District				9/30	
Villa Portofino East Community Development District				9/30	
Villa Portofino West Community Development District				9/30	
Villa Vizcaya Community Development District				9/30	
Village Walk of Bonita Springs Community Development District				9/30	
Villages at Bloomingdale Community Development District				9/30	
Village at Gulfstream Park Community Development District				9/30	
Villages of Glen Creek Community Development District				9/30	
Villages of Westport Community Development District				9/30	
Vista Community Development District				9/30	
Vista Lakes Community Development District				9/30	
Vizcaya in Kendall Community Development District				9/30	
Walnut Creek Community Development District				9/30	
Waterchase Community Development District				9/30	
Waterford Estates Community Development District				9/30	
Waterford Landing Community Development District				9/30	

16

	Governmental Audit	
Utility Audit	
Current Client	
Year End	
Watergrass Community Development District				9/30	
Waterlefe Community Development District				9/30	
Water's Edge Community Development District				9/30	
Waterset North Community Development District				9/30	
Waterstone Community Development District				9/30	
Wentworth Estates Community Development District				9/30	
West Lake Community Development District				9/30	
West Villages Independent District				9/30	
Westchase Community Development District				9/30	
Westchester Community Development District				9/30	
Westridge Community Development District				9/30	
Willow Creek Community Development District				9/30	
Winding Cypress Community Development District				9/30	
Windsor at Westside Community Development District				9/30	
Winston Trails East Community Development District				9/30	
Winter Garden Village at Fowler Groves Community Development District				9/30	
Woodlands Community Development District				9/30	
World Commerce Community Development District				9/30	
Wyndam Park Community Development District				9/30	
Wynnfield Lakes Community Development District				9/30	
Wynnmere West Community Development District				9/30	
TOTAL	437	3	255		

	Attestation Services	Consulting Services	Governmental Audit	Single Audit	CAFR	Current Client	Year End	
Broward County School District (Joint Venture) (Assessment of Maintenance Operations)		
					N/A	
Broward County School District (Joint Venture, 20%)							6/30	
Florida Community College at Jacksonville (Internal Audit)							6/30	
Florida Transit Association Finance Corporation							6/30	
Highland County School District (Internal Funds Audit)							6/30	
Palm Beach County School District (Assessment of maintenance for Facility and Property Management) (Internal Funds Audit)							6/30	
Palm Beach County School District (Joint Venture, 20%)							6/30	
Migrant Health Services of Palm Beach County							N/A	
South Florida Water Management District							9/30	
South Florida Water Management District CERP Program Management Services (Joint Venture)							N/A	
State of Florida Department of Management Services (Construction)							N/A	
State of Florida Department of Transportation (Overhead Audits - Various)							N/A	
TOTAL	2	3	8	4	2	2		

17

	Attestation Services	
Financial Audit	Consulting Services	Governmental Audit	
Single Audit	
Tax Services	
Current Client	
Year End	
Aid to Victims of Domestic Abuse, Inc.								6/30	
Alliance for Human Services, Inc.								6/30	
Brevard Workforce Development Board, Inc.								6/30	
Broward County Human Rights Board/Division (Joint Venture, 30%)								N/A	
Broward Education Foundation								6/30	
CareerSource Broward								9/30	
Christian Manor								12/31	
Delray Beach Community Land Trust								9/30	
Family Promise								12/31	
Florida Public Transportation Association, Inc.								9/30	
Florida Transit Association Finance Corporation								9/30	
Hispanic Human Resources Council								9/30	
Mae Volen Senior Center								6/30	
National Board for Registration of Registrars								3/31	
National Cancer Registration Board								6/30	
North Lauderdale Academy High School								6/30	
Northwood Development Corporation								9/30	
Palm Beach Community College Foundation								6/30	
Palm Beach County Workforce Development Board (Joint Venture, 25%)								6/30	
Pasco-Hernando Workforce Board								6/30	
Southwest Florida Workforce Development Board								6/30	
Urban League of Palm Beach County								6/30	
TOTAL	9	13	5	13	9	13	6		

	Financial Audit	ERISA/DOL	Current Client	
Year End	
Campbell Property Management 401(k)				12/31	
City of Cooper City General Employee Retirement Plan				9/30	
City of Lauderhill General Employee Retirement Plan				9/30	
City of Parkland Police Pension Fund				9/30	
City of Sunrise General Employees' Retirement System				9/30	
Cross County Home Services and Affiliates 401(k) Plan				9/30	
Danmar Corporation 401(k) Plan				12/31	
Florida Public Utilities 401(k) and Pension Plans				12/31	
Jacksonville Police and Fire Pension Fund				9/30	
Pinetree Water Control District Defined Contribution Retirement Plan				9/30	
San Carlos Park Fire Protection and Rescue Service District				9/30	
Town of Davie General Employees Retirement Plan				9/30	
Town of Hypoluxo Defined Contribution Retirement Plan				9/30	
Town of Lauderdale By The Sea Volunteer Firefighters Pension Plan				9/30	
TOTAL	14	4	9		

18

Governmental Audit	Single Audit	
Utility Audit	
Current Client	
Year End	

Belle Fontaine Improvement District	
				9/30	
Boca Raton Airport Authority					9/30	
Central Broward Water Control District					9/30	
Central County Water Control District					9/30	
Citrus County Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
East Naples Fire Control and Rescue District					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greeneway Improvement District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Homestead Educational Facilities Benefits District					9/30	
Horizons Improvement District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Waste Water Treatment District					9/30	
Lake Padgett Estates Independent Special District					9/30	
Lakewood Ranch Inter-District Authority					9/30	
Lost Rabbit Public Improvement District					9/30	
Loxahatchee Groves Water Control District					9/30	
Myakka City Fire Control District					9/30	
Old Plantation Control District					9/30	
Pal Mar Water Control District					9/30	
Palm Beach Soil and Water Conservation District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
St. Lucie West Services District					9/30	
Sun 'N Lake of Sebring Improvement District					9/30	
Sunshine Water Control District					9/30	
Twelve Oaks Improvement District					9/30	
West Lakeland Water Control District					9/30	
West Villages Independent District					9/30	
TOTAL	38	3	3	24		

19

Staff Qualifications, Experience & Resumes

20

QUALITY AND EXPERIENCE OF FIRM’S ASSIGNED AUDITING PERSONNEL

You will have two partners available and our consultant for any technical assistance. In addition, a senior will be assigned to the engagement that will perform the majority of fieldwork. Additional staff are available to assist with the engagement should the need arise.

Name	Years performing government audits	CPE within last 2 years	Professional Memberships	
ANTONIO J. GRAU, CPA
(Partner)	Over 30	Government Accounting, Auditing: 66 hours

Accounting, Auditing and Other: 25 hours	AICPA FICPA FGFOA GFOA	
*ANTONIO S. GRAU, CPA
(Concurring Review Consultant)	Over 40	Government Accounting and Auditing: 32 hours

Accounting, Auditing and Other: 62 hours	AICPA FICPA ICPA	
RACQUEL MCINTOSH, CPA
(Partner)	Over 14	Government Accounting and Auditing hours:59

Accounting, Auditing and Other: 45 hours	AICPA FICPA FGFOA FASD	
*Part-time Employee

21

POSITION DESCRIPTIONS

Engagement Partner
The engagement will be performed under the direct supervision of an Engagement Partner. The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel.

The Engagement Partner will also be involved in:
coordinating all services;
directing the development of the overall audit approach and plan;
performing an overriding review of work papers;
resolving technical accounting and reporting issues;
reviewing, approving and signing reports, management letters, and other audit engagement products; and,
ascertaining client satisfaction with all aspects of our engagement, such as services and the personnel assigned.

Concurring Review and Advisory Consultant
A Concurring Review Consultant will be available as a sounding board to advise in those areas where problems are encountered. He will also perform a second review of all reports to be issued by Grau & Associates.

Audit Manager and Senior
The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy. Responsibilities will include:

planning the audit;
preparing or modifying audit programs, as needed;
evaluating internal control and assessing risk;
communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm for accuracy, completeness and that they are prepared in accordance with professional standards and firm policy.

Information Technology Consultants and Personnel

In addition to the assigned personnel above, Grau and Associates has staff with significant IT auditing experience that will assist in the evaluation and testing of internal controls. Because our staff has both a financial audit and IT background, they are able to communicate effectively all IT related concerns to management. In addition, Grau contracts with an outside group of IT management consultants to assist with matters including, but not limited to; network and database security, internet security and vulnerability testing.

Grau’s engagement team’s workload is organized in such a way that additional activities brought about by this engagement will not impact our current commitments to our clients. We have sufficient staff capacity to integrate these professional services into our present operations, while continuing to maintain the highest standards of quality and time lines for our clients.

22

COMPOSITION OF ENGAGEMENT TEAM

In contrast to the majority of both national and local firms, Grau’s proposed engagement team is comprised of an exceptionally large percentage of high-level audit professionals. This gives us the ability to quickly recognize problems and be more efficient as a result of our Team’s DECADES of governmental auditing experience.

Grau & Associates

30%

PARTNER/CONSULTANT MANAGERS
SENIOR
STAFF

30%

20%

20%

80 percent of engagement will be performed by
Partners, Management and Senior Staff
VS.

45%

Typical Local CPA Firm:

15%

20%

20%

PARTNERS MANAGERS SENIOR
STAFF

Typical National CPA Firm

10%

15%

55%

20%

PARTNERS MANAGERS SENIOR STAFF

Fifty-five percent of engagement is performed by “Management”

Forty-five percent of engagement is performed by “Management”

23

Antonio J. Grau, CPA, Partner
e-mail: tgrau@graucpa.com

Education
Bachelor of Arts, Business Administration, 1983 University of South Florida; Certificate of Educational Achievement from the AICPA in Governmental Single Audits, 2016

Professional History
CPA, in Florida since February 28, 1985, Certificate No. 15330
Grau & Associates	Partner	2005-Present	
Grau & Company	Partner	1995-2005	
Grau & Company	Audit Manager	1987-1995	
International Firm	Auditor	1985-1986	
Grau & Company	Staff Accountant	1983-1984	

Clients Served (partial list)

(>300) Various Special Districts	Key Largo Water Treatment District	
Brevard Workforce Board	Mae Volen Senior Center, Inc.	
Broward Education Foundation	North Lauderdale Academy High School	
City of Cooper City	Orlando Housing Authority	
City of Lauderdale Lakes	Palm Beach County Workforce Development Board	
City of Lauderhill	Peninsula Housing Programs	
City of Lauderhill General Pension	School Board of Broward County	
City of North Lauderdale	School Board of Miami-Dade County	
City of Oakland Park	School Board of Palm Beach County	
City of Weston	South Florida Water Management District	
Delray Beach Housing Authority	Southwest Florida Workforce Development Board	
East Central Regional Wastewater Treatment Facl.	Town of Davie	
Florida Community College at Jacksonville	Town of Highland Beach	
Florida Department of Management Services	Town of Hypoluxo	
Greater Boca Raton Park & Beach District	Village of Golf	
Highland County School District	Village of Wellington	
Hispanic Human Resource Council	West Palm Beach Housing Authority	

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	66
Accounting, Auditing and Other	25
Total Hours	91 (includes of 4 hours of Ethics CPE)
Other Qualifications
As a member of the Government Finance Officers Association Special Review Committee, Mr. Grau participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Mr. Grau was the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami- Dade County.

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

24

Antonio S. Grau, CPA, Concurring Review Consultant
e-mail: asgrau@graucpa.com

Education
Bachelor Degree, Business Administration, 1966, University of Miami, Certificate of Educational Achievement from the AICPA in Governmental and Not-For-Profit Accounting and Auditing, 1994/1995

Professional History
CPA in Florida since April 29, 1970, Certificate No. 2623
Grau & Company	Partner	1977-2004	
Public Company	Financial Officer	1972-1976	
International Firm	Auditor	1966-1972	

Clients Served (partial list)
Mr. Grau was the head of the governmental audit department of Grau & Company, and performs the concurring review and advises on all the governmental audits of the firm.
Atlanta Housing Authority	Hispanic Human Resource Council	
Broward County Housing Authority	Mae Volen Senior Center, Inc.	
City of Dania Beach	Miami Beach Housing Authority	
City of Lauderdale Lakes	North Lauderdale Academy High School	
City of Lauderhill	Palm Beach County Workforce Development Board	
City of Lauderhill General Pension	School Board of Miami-Dade County	
City of Miami Springs	South Florida Water Management District	
City of Oakland Park	Town of Hypoluxo	
City of Sweetwater Pension	Town of Lauderdale-By-The-Sea	
Florida Community College at Jacksonville	Town of Miami Lakes	
Highland County School District	Town of Southwest Ranches	
Downtown Development Authority of the City of Miami / Community Development Block Grants	Village of Biscayne Park
West Palm Beach Housing Authority	

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	32
Accounting, Auditing and Other	62
Total Hours	94 (includes of 4 hours of Ethics CPE)

Other Qualifications
Mr. Grau was the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County.

Professional Associations/Memberships
Member, American Institute of Certified Public Accountants	Institute of Certified Public Accountants (1996-1997)	
Member, Florida Institute of Certified Public Accountants	Institute of Certified Public Accountants (1991 - 1993)	
Past member, State and Local Government Committee, Florida	
Past member, Quality Review Acceptance Committee, Florida		
Past member of BKR International Committee on Government and Non-Profit Accounting and Auditing	

25

Racquel C. McIntosh, CPA, Partner
ail: rmcintosh@graucpa.com / 561-939-6669

Education
Master of Accounting, MACC; Florida Atlantic University, December 2004;
Bachelor of Arts – Majors: Accounting and Finance; Florida Atlantic University, May 2003

Professional History
Grau & Associates	Partner	2014-Present	
Grau & Associates	Manager	2009-2014	
Grau & Associates	Senior Auditor	2007-2009	
Grau & Associates	Staff Auditor	2006-2007	
Grau & Company	Staff Auditor	2005-2006	

Clients Served (partial list)

(>300) Various Special Districts	Pinetree Water Control District (Broward/Palm Beach)	
Boca Raton Airport Authority	Ranger Drainage District	
Brevard Workforce Development Board	San Carlos Park Fire Protection & Rescue District	
Broward Education Foundation	South Central Reg. Wastewater Treatment & Disposal Bd.	
Central Broward Water Control District	South Trail Fire Protection & Rescue	
City of Cooper City	Southwest Florida Workforce Development Board	
City of Pompano Beach (Joint Venture)	Sun N Lake of Sebring Improvement District	
City of West Park	Town of Highland Beach	
City of Weston	Town of Hypoluxo	
East Central Reg. Wastewater Treatment Fac.	Town of Lantana	
East Naples Fire Control & Rescue District	Town of Hillsboro Beach	
Greater Boca Raton Beach & Park District	Village of Golf	
Key Largo Wastewater Treatment District	Village of Wellington	
Professional Education (over the last two years)

Course	Hours	
Government Accounting and Auditing	59	
Accounting, Auditing and Other	45	
Total Hours	104 (includes of 4 hours of Ethics CPE)	

Professional Associations/ Memberships

American Institute of Certified Public Accountants	FICPA State & Local Government Committee	
Florida Institute of Certified Public Accountants	FICPA Atlantic Chapter Board Member	
FICPA Young CPAs Committee	FGFOA Palm Beach Chapter	

26

References

27

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

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

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

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

28

Specific Audit Approach

29

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

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

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

During this phase we will perform the following activities:

Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements.
Read minutes of meetings.
Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems.
Obtain an understanding of fraud detection and prevention systems.
Obtain and document an understanding of internal control. Consider the methods that are used to process accounting information which influence the design of the internal control. This understanding includes knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation.
Assess risk and determine what controls we are to rely upon and what tests we are going to perform. Perform test of controls.
Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives.
Discuss and resolve any accounting, auditing and reporting matters which have been identified.

30

Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:

Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions.
Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures.
Perform tests of compliance.
Phase III - Completion and Delivery

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

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

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

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

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

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

Significant audit adjustments;
Significant deficiencies or material weaknesses;
Disagreements with management; and,
Difficulties encountered in performing the audit.

Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

31

The recommendation must be cost effective;
The recommendations are to be the simplest to effectuate in order to correct a problem;
The recommendation must go to the heart of the problem and not just correct symptomatic matter; and
The corrective action must take into account why the deficiency occurred.

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

Communications

We emphasize a continuous, year-round dialogue between the District and our management team. We typically begin our audit process with an entrance conference before the onsite fieldwork begins. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis. Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal. We strive to continue to keep an open line of communication through the fieldwork and ending with an exit conference.

32

Cost of Services

33

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2019-2023 are as follows:

Year Ended September 30,	Fee	
2019	$3,400	
2020	$3,500	
2021	$3,600	
2022	$3,700	
2023	$3,800	
TOTAL (2019-2023)	
$18,000	

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

34

Supplemental Information

35

Additional Services

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

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

ARBITRAGE

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

36

GRAU HAS PROVIDED ARBITRAGE SERVICES FOR
GOVERMENTAL CLIENTS INCLUDING:

Aberdeen Community Development District	Heritage Palms Community Development District	
Amelia Walk Community Development District	Heritage Pines Community Development District	
Arlington Ridge Community Development District	Heritage Springs Community Development District	
Coconut Cay Community Development District	Huntington Community Development District	
Bartram Springs Community Development District	Indigo East Community Development District	
Bayside Improvement District	Islands of Doral III Community Development District	
Baywinds Community Development District	Julington Creek Plantation Comm. Dev. District	
Beacon Lakes Community Development District	Laguna Lakes Community Development District	
Beacon Tradeport Community Development District	Lake Ashton Community Development District	
Bobcat Trail Community Development District	Lake Ashton II Community Development District	
Boynton Village Community Development District	Lake Powell Residential Golf Community Dev. District	
Brandy Creek Community Development District	Lakes By The Bay South Community Dev. District	
Briger Community Development District	Lakewood Ranch 1 Community Development District	
Brighton Lakes Community Development District	Landmark at Doral Community Development District	
Brooks of Bonita Springs Community Development District	Jurlington Creek Plantation Community Dev. District	
Candller Hills East Community Development District	Lakewood Ranch 2 Community Development District	
Capital Region Community Development District	Lakewood Ranch 3 Community Development District	
Cedar Pointe Community Development District	Lakewood Ranch 4 Community Development District	
Championsgate Community Development District	Lakewood Ranch 5 Community Development District	
Chevel West Community Development District	Lakewood Ranch 6 Community Development District	
City Place Community Development District	Legacy Springs Improvement District No. 1	
Coconut Cay Community Development District	Live Oak Community Development District	
Colonial Country Club Community Development District	Main Street Community Development District	
Cory Lakes Community Development District	Marshall Creek Community Development District	
Country Greens Community Development District	Meadow Pointe II Community Development District	
Creekside Community Development District	Mediterra North Community Development District	
Double Branch Community Development District	Mediterra South Community Development District	
Dunes Community Development District	Mediterranea Community Development District	
Durbin Crossing Community Development District	Midtown Miami Community Development District	
East Bonita Beach Road Plantation Comm. Development District	Moody River Community Development District	
East Homestead Community Development District	Monterra Community Development District	
East Park Community Development District	Narcossee Community Development District	
Enclave at Black Point Marina Community Development District	North Springs Improvement District	
Falcon Trace Community Development District	Oakstead Community Development District	
Fiddler’s Creek Community Development District I	Old Palm Community Development District	
Fiddler’s Creek Community Development District II	Orchid Grove Community Development District	
Fleming Island Plantation Comm. Dev. District	OTC Community Development District	
Grand Haven Community Development District	Overoaks Community Development District	
Griffin Lakes Community Development District	Palm Glades Community Development District	
Habitat Community Development District	Parklands Lee Community Development District	
Hamal Community Development District	Parklands West Community Development District	
Hammocks Community Development District	Parkway Center Community Development District	
Harbour Lakes Estates Comm. Development District	Pine Air Lakes Community Development District	
Harmony Community Development District	Pine Island Community Development District	
Heritage Bay Community Development District	Pine Ridge Plantation Community Development District	

37

ARBITRAGE SERVICES (Continued)

Portofino Cove Community Development District
Portofino Isles Community Development District	Tuscany Reserve Community Development District
University Place Community Development District	
Portofino Landings Community Development District	Urban Orlando Community Development District	
Portofino Shores Community Development District	Vasari Community Development District	
Portofino Vista Community Development District	Verandah East Community Development District	
Reunion East Community Development District	Verandah West Community Development District	
Reunion West Community Development District	Verano Center Community Development District	
Ridgewood Trails Community Development District	Villa Portofino East Community Development District	
River Place on the St. Lucie Community Dev. District	Villa Vizcaya Community Development District	
Rolling Hills Community Development District	Villages of Westport Comm. Development District	
Sampson Creek Community Development District	Villasol Community Development District	
South Dade Venture Community Development District	Vista Lakes Community Development District	
South Village Community Development District	Vizcaya Community Development District	
Spicewood Community Development District	Vizcaya in Kendall Community Development District	
Split Pine Community Development District	Walnut Creek Community Development District	
Stonegate Community Development District	Waterchase Community Development District	
Stoneybrook Community Development District	Waterford Estates Community Development District	
Stoneybrook West Community Development District	Waterstone Community Development District	
The Crossings at Fleming Island Comm. Dev. District	Wentworth Estates Community Development District	
Tison’s Landing Community Development District
Treeline Preserve Community Development District
Turnbull Creek Community Development District	Westchester Community Development District #1
Woodlands Community Development District
Wynnfield Lakes Community Development District	

Grau provides value and services above and beyond
the traditional auditor’s “product”

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

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

38

BOARD OF SUPERVISORS MEETING

S E.CTION 111

SECTION A

April 25; 2019

Tapestry Community Development District c/o George Flint, District Manager
Governmental Management Services, Central Florida
W. Central Blvd. Suite 320
Orlando, Fl 32801

Dear Mr. flint:

Please find this letter to inform the Board of Supervisors that I am resigr,ing my board position for the Tapestry Community Development District effective immediately.

�i//U,--

Sho:uld you have any questions, pleas12 do not hesitc1te to contact me at91�h395-2782. SincE;?rely,

Attly Herskovitz

May1.!__,2019

Board of Supervisors
Tapestry Community Development District
c/o Governmental Management Services - Central Florida, LLC 135 West Central Boulevard, Suite 320
Orlando, Florida 32801

To Whom It May Concern,
Please be advised that I am resigning my position on the Tapestry Community Development District Board of Supervisors effective  'Jv'\l-.1	\	, 2019.
Sincerely,

Keith Trace

SECTION D

RESOLUTION 2019-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TAPESTRY COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Tapestry Community Development District (the "District") is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, the Board of Supervisors of the District ("Board") desires to elect the Officers of the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TAPESTRY COMMUNITY DEVELOPMENT DISTRICT:

Section 1.

---------- is elected Chairperson.

Section 2.	 		 	is elected Vice-Chairperson.

Section 3.
Section 4.

Section 5.
Section 6.
Section 7.

_______	__ is elected Secretary.
_____	 	is elected Assistant Secretary.
__	_______ is elected Assistant Secretary.
 	 is elected Assistant Secretary.
_	________ is elected Assistant Secretary.
---------- is elected Treasurer.
---------- is elected Assistant Treasurer.
This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 24th day of July, 2019.

ATTEST:

Secretary/Assistant Secretary

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT

Chairperson/Vice-Chairperson

MINUTES

MINUTES OF MEETING TAPESTRY
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting ofthe Board of Supervisors ofthe Tapestry Community Development District was held Wednesday, April 24, 2019 at 11:30 a.m. in the Hart Memorial Central Library, 211 E. Dakin Avenue, Roseada Room, Kissimmee, Florida.

Present and constituting a quorum were:
Chuck Bell Keith Trace Thomas Franklin
Also present were:
George Flint Jason Walters Mark Vincutonis
William Viasalyers Marcia Calleja Larissa Diaz
Maria Diaz

FIRST ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary

District Manager
District Counsel by phone District Engineer
Field Manager Amenity Manager Events Coordinator
Hanson, Walter & Associates

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINES	Public Comment Period
There being none, the next item followed.

TIDRD ORDER OF BUSINESS	Organizational Matters
Mr. Flint stated the District had a landowner election November 28, 2018 and Mr. Trace, Mr. Bell and Mr. Franklin were elected to the Board.

Administration of Oaths of Office to Newly Elected Board Members
Mr. Flint being a Notary Public of the State of Florida administered the Oaths of Office to Mr. Bell, Mr. Trace and Mr. Franklin prior to the meeting.

April 24, 2019	Tapestry COD

Consideration of Resolution 2019-01 Canvassing and Certifying the Results of the Landowners' Election
Mr. Flint stated Resolution 2019-01 canvassing and certifying the results of the landowners' election is in the agenda package and indicates Mr. Trace received 150 votes, Mr. Bell 150 votes and Mr. Franklin 140 votes. Mr. Trace and Mr. Bell will serve four-year terms of office and Mr. Franklin will serve a two-year term of office.

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor Resolution 2019-01 was approved.

Acceptance of Resignation of Andrew Abel and Appointment of Individual to Fill the Board Vacancy with a Term Ending November 2020
Mr. Flint stated next is acceptance of resignation of Andrew Abel and I ask for a motion to accept his resignation.

On MOTION by Mr. Franklin seconded by Mr. Bell with all in favor Mr. Abel's resignation was accepted.

Administration of Oath of Office for Newly Appointed Board Member
Mr. Flint asked are there any nominations at this time to fill that vacancy? Mr. Bell stated not at this time.
Mr. Flint stated we will carry this item over to the next agenda.

Consideration of Resolution 2019-02 Electing Officers
Mr. Flint stated each time the Board has an election the Statutes require that you elect officers. Mr. Abel was the Chairman, Mr. Trace was Vice Chairman and the other three Board Members were Assistant Secretaries. I was Secretary and Ariel Lovera was the Treasurer. We can handle this as a slate or we can take each office individually.

On MOTION by Mr. Trace seconded by Mr. Bell with all in favor Resolution 2019-02 was approved reflecting the following officers: Mr. Bell Chairman, Mr. Trace Vice Chairman, Mr. Franklin and Ms. Herskowitz Assistant Secretaries, Mr. Flint Secretary and Ariel Lovera Treasurer.

2

April 24, 2019	Tapestry CDD

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the July 28, 2018
Board Meetingand Acceptance ofthe Minutes of the November 28, 2018 Landowners' Meeting

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor the minutes ofthe July 28, 2018 Board of Supervisors m eeting were approved as presented, and the minutes of the November 28, 2018 Landowners' meeting were accepted.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-03
Approving the Proposed Fiscal Year 2020 Budget and Setting a Public Hearing
Mr. Flint stated next is Resolution 2019-03 which approves a proposed budget and setsthe date, place and time of the public hearing. We are suggesting July 24, 2019 at 11:30 a.m. in this location for the public hearing for consideration of final adoption of the budget. Exhibit A to the resolution is the proposed budget. The Board is required annually to approve a proposed budget by June 15th of each year and that has to be transmitted to the local governing entities at least 60 days prior to the public hearing. There are also other requirements that it be placed on the District's website, etc. The proposed budget does not bind the Board in any way, however, if there is any desire to increase assessments there are additional noticing requirements that would have to be followed so we would need to know that sooner rather than later. We don't foresee a need to increase assessments, so we prepared the proposed budget based on the assessment levels remaining the same. The total budget is identical to the adopted budget for 2019. You can see the detail in the line items. There is nothing binding the Board in regard to this budget, you can make changes if you desire, however if there was any indication that assessments would increase, we would have to know that in advance of the public hearing. We can tweak the line items between now and July if needed.
Mr. Trace stated on landscape maintenance, Phase 5 will be under construction soon and there will be landscape improvements along the back of the road and I want to know ifthose will be incorporated into the landscape maintenance of the CDD.
Mr. Flint stated we do have a contingency of $15,000 as well as some funds in stormwater wetland and plant replacement that we can move into that line item if we needed to.
Mr. Trace stated it might be good to go back out to bid at some point.

3

April 24, 2019	Tapestry CDD

Mr. Flint stated it is a three-year contract that expires in 2020 so it doesn't come up for renewal until next year. If the Board wanted to bid it out sooner than that you have the option of doing that; there is a 30-day cancelation provision without cause.
Mr. Viasalyers stated we ought to be able to add it into the budget; it is an additional
$14,000 a year.

On MOTION by Mr. Trace seconded by Mr. Bell with all in favor Resolution 2019-03 approving the budget and setting the public hearing for July 24, 2019 at 1 1:30 a.m. at the Hart Memorial Central Library, 211 E. Dakin Avenue, Kissimmee, Florida.

SIXTH ORDER OF BUSINESS	Consideration of Agreement with Amtec to
Provide	Arbitrage	Rebate	Calculation Services
Mr. Flint stated next is an agreement with Amtec for arbitrage calculation services. The
District is required to do an arbitrage rebate calculation at least every five years and we do it annually. This proposal includes more than one year, it includes three years of bond activity in the initial year and it includes 2020 and 2021. They would only bill annually and we would get a bill for $1,350 this year but in future years it would be $450.
Mr. Trace asked who has the District or other Districts used in the past?
Mr. Flint stated we typically use Amtec. Sometimes we use Grau & Associates and I think there is one other company that we use but the fees are all similar. I think the $450 per year is the cheapest out of the three that we typically use. There is not a lot of variation in cost.

On MOTION by Mr. Trace seconded by Mr. Franklin with all in favor the agreement with Amtec to provide Arbitrage Rebate Calculation Services was approved subject to review by District Counsel.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-04
Authorizing the Establishment of a State Board of Administration Account
Mr. Flint stated next is Resolution 2019-04, which authorizes the District to open an account with the State Board of Administration. This is a local government investment pool that is administered by the State ofFlorida through the State Board ofAdministration, which basically is the governor and cabinet. Many cities, counties and school boards invest in this local

4

April 24, 2019	Tapestry COD

government investment pool, it is the typical investment tool that we use with the community development districts that we manage. They require a resolution by the Board for us to open the account and that allows us to move funds from the District's operating account into an interest bearing account with the State Board.
Mr. Trace asked how much money do we have in the operating account?
Mr. Flint responded $722,000. You get a lot of it early in the year when the tax bills are paid and that balance goes down over time.
Mr. Trace asked is there no penalty putting money in and out like a money market?
Mr. Flint stated no, there is no penalty and it is very stable and also liquid so you can access funds within 24 hours.

On MOTION by Mr. Trace seconded by Mr. Bell with all in favor Resolution 2019-04 was approved.

EIGHTH ORDER OF BUSINESS	Appointment	of	Audit	Committee	and
Chairman
Mr. Flint stated next is appointment of an Audit Committee and designating a Chairman. The Statutes require that the District competitively bid independent auditing services. The process that is required is that the Board approve an Audit Committee and historically the Board has sat as the Audit Committee and that would be our recommendation for ease of administration. You are able to appoint non-members to that committee if you chose to do so. We did advertise an Audit Committee meeting to take place immediately after the Board meeting in anticipation that whoever you appointed would be present if possible. Ifyou appointed yourselves as the Audit Committee that would allow us to have the initial Committee meeting immediately after the Board meeting.

On MOTION by Mr. Trace seconded by Mr. Bell with all in favor the Board Members were appointed to sit as the Audit Committee.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Engineer

5

April 24, 2019	Tapestry CDD

Mr. Vincl)tonis stated we completed the annual Trust Indenture report and I will send you a copy of the report after this meeting. The only thing that we found that is worthy of group discussion is Phases 1 and 2 there were a handful ofinlets that still have erosion control over trash and debris still stuck in there. We notated it and it is something the developer's contractor should remove. If that sounds good we will leave it at that and issue the letter. One inlet had a little bit of damage on the curb that could be patched. All the major drainage structures were clear.
Mr. Vincutonis introduced Maria Diaz and stated she is an engineer with our office and has been with us since last summer and she helped with the inspection report this year and I wanted to introduce her and in case I am unable to attend one of these meetings, I have a backup.

Manager
Approval of Check Register
Mr. Flint presented the check register from July 17, 2018 through April 1 7, 2019 in the amount of
$500,499.91.

On MOTION by Mr. Bell seconded by Mr. Franklin with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy ofthe balance sheet and income statement were included in the agenda package. Mr. Flint stated the only other issue I want to mention is the ADA website compliance.
We will bring a proposal to the July meeting when you consider adoption ofyour budget to address the ADA compliance issues with the District's website. We didn't get a proposal in time for today's meeting but it is something we will add to a future agenda.

TENTH ORDER OF BUSINESS
There being none,

Supervisors Requests

6

April 24, 2019

Tapestry CDD

On MOTION by Mr. Bell seconded by Mr. Trace with all in favor the meeting adjourned at 11:48 a.m.

SecretaryIAssistant Secretary	ChairmanNice Chairman

7

.
SECTION V

TAPESTRY
COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balances –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS		
	23-24	
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		
	25	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
26-27	

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

To the Board of Supervisors
Tapestry Community Development District Kissimmee, Florida

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Tapestry Community Development District, Kissimmee, Florida (“District”) as of and for the fiscal year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes 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.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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 entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

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, 2018, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

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, 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 Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated May 14, 2019, 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 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.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated May 14, 2019, on our consideration of the District’s compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

May 14, 2019

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Tapestry Community Development District, Kissimmee, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2018. 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 ($4,371,503).

The change in the District’s total net position in comparison with the prior fiscal year was ($4,515,592), 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, 2018, the District’s governmental funds reported combined ending fund balances of
$1,242,144, an increase of $140,399 in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, restricted for debt service and capital projects, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s 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 assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements

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

3

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

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

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

The District maintains three governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund, and capital projects fund which are 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, assets exceeded liabilities 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,
	2018	2017	
Current and other assets	$ 1,247,870	$ 1,110,887	
Capital assets, net of depreciation	1,566,408	6,349,287	
Total assets	2,814,278	7,460,174	
Current liabilities	145,781	151,085	
Long-term liabilities	7,040,000	7,165,000	
Total liabilities	7,185,781	7,316,085	
Net position			
Net investment in capital assets	(5,466,736)	(814,046)	
Restricted	503,670	498,214	
Unrestricted	591,563	459,921	
Total net position	$ (4,371,503)	$	144,089	

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

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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

The District’s net position decreased during the most recent fiscal year. The majority of the decrease is due to a large conveyance of infrastructure which occurred during the current fiscal year.

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,
2018	2017
Revenues:
Program revenues
Charges for services	$	698,229	$	828,339	
Operating grants and contributions	8,920	3,430	
Capital grants and contributions	68	22,496	
General revenues	241	165	
Total revenues	707,458	854,430	
Expenses:			
General government	61,402	64,420	
Maintenance and operations	94,008	23,859	
Interest	338,775	345,276	
Conveyances of infrastructure	4,728,865	-	
Total expenses	5,223,050	433,555	
Change in net position	(4,515,592)	420,875	
Net position - beginning	144,089	(276,786)	
Net position - ending	$ (4,371,503)	$	144,089	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2018 was $5,223,050. The costs of the District’s activities were partially funded by program revenues, which was comprised primarily of assessments. The decrease in program revenues is primarily due to a decrease in the assessment levy. The increase in expenses is due to a large conveyance of infrastructure which occurred during the current fiscal 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, 2018.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2018, the District had $1,620,422 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $54,014 has been taken, which resulted in a net book value of $1,566,408. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2018, the District had $7,040,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

5

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Tapestry Community Development District’s Finance Department at 135 West Central Blvd., Suite 320, Orlando, Florida 32801.

6

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2018

	Governmental
Activities	
ASSETS		
Cash	$	588,451	
Assessments receivable	1,765	
Prepaids and other assets	8,250	
Restricted assets:		
Investments	649,404	
Capital assets:		
Depreciable, net	1,566,408	
Total assets	2,814,278	
LIABILITIES		
Accounts payable	576	
Accrued interest payable	140,055	
Due to Developer	5,150	
Non-current liabilities:		
Due within one year	130,000	
Due in more than one year	6,910,000	
Total liabilities	7,185,781	
NET POSITION		
Net investment in capital assets	(5,466,736)	
Restricted for debt service	503,670	
Unrestricted	591,563	
Total net position	$	(4,371,503)	

See notes to the financial statements

7

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

for		Grants and		Grants and	Governmental Functions/Programs	Expenses	Services	Contributions	Contributions		Activities Primary government:
Governmental activities:
General government	$	61,402	$	232,633	$	-	$	-	$	171,231	
Maintenance and operations	94,008	-	-	68	(93,940)	
Interest on long-term debt	338,775	465,596	8,920	-	135,741	
Conveyances of infrastructure	4,728,865	-	-	-	(4,728,865)	
Total governmental activities	5,223,050	698,229	8,920	68	(4,515,833)	

General revenues:
Unrestricted investment earnings	241	
Total general revenues	241	
Change in net position	(4,515,592)	
Net position - beginning	144,089	
Net position - ending	$	(4,371,503)	

See notes to the financial statements

8

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2018

	

General	Major Fund	Total
Debt	Capital	Governmental
Service	Projects	Funds	
ASSETS			
Cash	$	588,451	$	-	$	-	$	588,451	
Investments	-	642,548	6,856	649,404	
Assessments receivable	588	1,177	-	1,765	
Prepaids and other assets	8,250	-	-	8,250	
Total assets	$	597,289	$	643,725	$	6,856	$ 1,247,870	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	576	$	-	$	-	$	576	
Due to Developer	5,150	-	-	5,150	
Total liabilities	5,726	-	-	5,726	

Fund balances: Nonspendable:
Prepaid items
Restricted for:	8,250	-	-	8,250	
Debt service	-	643,725	-	643,725	
Capital projects	-	-	6,856	6,856	
Unassigned	583,313	-	-	583,313	
Total fund balances	591,563	643,725	6,856	1,242,144	

Total liabilities and fund balances

$	597,289	$

643,725	$

6,856

$ 1,247,870

See notes to the financial statements

9

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2018

Fund balance - governmental funds	$	1,242,144
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	1,620,422
Accumulated depreciation	(54,014)	1,566,408

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund financial
statements.	All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(140,055)		
Bonds payable		(7,040,000)	(7,180,055)	
Net position of governmental activities			$	(4,371,503)	

See notes to the financial statement

10

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

	

General	Major Funds Debt
Service	
Capital Projects	Total Governmental
Funds	
REVENUES					
Assessments	$	232,633	$	465,596	$	-	$	698,229	
Interest	241	8,920	68	9,229	
Total revenues	232,874	474,516	68	707,458	

EXPENDITURES
Current:
General government	61,402	-	-	61,402	
Maintenance and operations Debt service:
Principal	39,830	-

-	125,000	164	39,994

-	125,000	
Interest	-	340,663	-	340,663	
Total expenditures	101,232	465,663	164	567,059	
Excess (deficiency) of revenues over (under) expenditures	
131,642	8,853	
(96)	140,399	

OTHER FINANCING SOURCES (USES)			
Transfers in (out)	-	(5,285)	5,285	-	
Total other financing sources (uses)	-	(5,285)	5,285	-	
Net change in fund balances	131,642	3,568	5,189	140,399	
Fund balances - beginning	459,921	640,157	1,667	1,101,745	
Fund balances - ending	$	591,563	$	643,725	$	6,856	$ 1,242,144	

See notes to the financial statements

11

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018
Net  change in fund  balances  - total governmental funds	$	140,399 Amounts reported for governmental activities in the statement of activities
are different because:
Conveyances of infrastructure improvements to other governments of previously capitalized capital assets is recorded as an expense in the

statement of activities.
Depreciation on capital assets is not  recognized  in  the  governmental fund financial statements but is reported as  an expense in  the statement of activities.
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.
The change in accrued interest on long-term  liabilities  between  the current and prior fiscal year is recorded in the  statement of activities but  not in the fund financial statements.

(4,728,865)

(54,014)

125,000

1,888

Change  in net  position of governmental activities	$	(4,515,592)

See notes to the financial statements

12

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Tapestry Community Development District ("District") was established on November 5, 2013 by the Kissimmee City Commission, Kissimmee Ordinance 2875, 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 and to levy and assess non-ad valorem assessments for the financing and maintenance of improvements.

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

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at-large basis by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2018, some of the Board members are affiliated with Mattamy Florida LLC (“Developer”).

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

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors 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.

13

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 property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

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

The District reports the following major governmental funds:

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

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

14

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity

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

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (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 estimated fair market 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.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years
Stormw ater system	30

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

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

15

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

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

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

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

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

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for 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.

16

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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 all governmental funds. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

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

NOTE 4 – DEPOSITS AND INVESTMENTS

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

Investments
The District’s investments were held as follows at September 30, 2018:

Amortized Cost	Credit Risk	Maturities
Weighted average of the
FIMM Government Portfolio CL I    $	649,404	S&P AAAm	fund portfolio: 34 days

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

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

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

17

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)

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

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2018 were as follows:

Fund	Transfer in	Transfer Out	
Debt service	$	-	$	5,285	
Capital projects	5,285	-	
Total	$	5,285	$	5,285	

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

NOTE 6 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2018 was as follows:

Governmental activities
Capital assets, not being depreciated

Beginning
Balance	Additions	Reductions

Ending Balance

Infrastructure under construction

$  6,349,287	$

-	$ (6,349,287)   $	-

Total capital assets, not being depreciated

Capital assets, being depreciated	6,349,287	-	(6,349,287)	-	
Stormw ater system	-	1,620,422	-	1,620,422	
Total capital assets, being depreciated	-	1,620,422	-	1,620,422	
Less accumulated depreciation for: Stormw ater system	
-	(54,014)	-	(54,014)	
Total accumulated depreciation	-	(54,014)	-	(54,014)	
Total capital assets, being depreciated, net	-	1,566,408	-	1,566,408	
Governmental activities capital assets, net	$ 6,349,287	$ 1,566,408	$ (6,349,287)	$ 1,566,408	

18

NOTE 6 – CAPITAL ASSETS (Continued)

The infrastructure intended to serve the District has been estimated at a total cost of approximately
$20,636,293. The infrastructure will include roadways, a storm water system, a water and sewer systems, and other improvements. Certain capital assets will be conveyed to other entities upon completion of the project. This occurred during the current fiscal year as the District conveyed assets totaling $4,728,865 to other entities. The remaining costs of the project in excess of the Bond proceeds are expected to be paid for by the Developer.

Depreciation expense was charged to the maintenance and operations function.

NOTE 7 – LONG-TERM LIABILITIES

On April 1, 2016, the District issued $7,285,000 of Special Assessment Revenue Bonds, Series 2016 consisting of $650,000 Term Bonds Series 2016 due on May 1, 2021 with a fixed interest rate of 3.625%,
$780,000 Term Bonds Series 2016 due on May 1, 2026 with a fixed interest rate of 4.25%, $2,225,000 Term Bonds Series 2016 due on May 1, 2036 with a fixed interest rate of 4.8%, and $3,630,000 Term Bonds Series 2016 due on May 1, 2046 with a fixed interest rate of 5%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2017 through May 1, 2046.

The Series 2016 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2016 Bonds are subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2018.

Beginning Balance	
Additions	
Reductions	Ending Balance	Due Within One Year	

$ 7,165,000	
$	-	
$ (125,000)	
$ 7,040,000	
$ 130,000	
$ 7,165,000	$	-	$ (125,000)	$ 7,040,000	$ 130,000	

Long-term debt activity for the fiscal year ended September 30, 2018 was as follows:

Governmental activities Bonds payable:
Series 2016 Total

At September 30, 2018, the scheduled debt service requirements on the long-term debt were as follows:
Governmental Activities
Year ending
September 30:	Principal	Interest	Total	
2019	$	130,000	$	336,132	$	466,132	
2020	135,000	331,418	466,418	
2021	140,000	326,526	466,526	
2022	145,000	321,450	466,450	
2023	150,000	315,288	465,288	
2024-2028	850,000	1,474,724	2,324,724	
2029-2033	1,075,000	1,255,500	2,330,500	
2034-2038	1,370,000	969,810	2,339,810	
2039-2043	1,760,000	594,500	2,354,500	
2044-2046	1,285,000	130,750	1,415,750	
Total	$ 7,040,000	$ 6,056,098	$ 13,096,098	

19

NOTE 8 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those properties owned by the Developer.

NOTE 9 – 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 10 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory 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, computer and other administrative costs.

NOTE 11 – 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 claims during the past three years.

20

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

	
Budgeted Amounts Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES				
Asessments	$	231,855	$	232,633	$	778	
Interest	-	241	241	
Total revenues	231,855	232,874	1,019	

EXPENDITURES
Current:
General government	96,215	61,402	34,813	
Maintenance and operations	135,640	39,830	95,810	
Total expenditures	231,855	101,232	130,623	
Excess (deficiency) of revenues over (under) expenditures	
$	-	
131,642	
$	131,642	
Fund balance - beginning		459,921		
Fund balance - ending		$	591,563		

See notes to required supplementary information

21

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT KISSIMMEE, 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. 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, 2018, the current fiscal year.

22

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
Tapestry Community Development District Kissimmee, 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 Tapestry Community Development District, Kissimmee, Florida (“District”) as of and for the fiscal year ended September 30, 2018, 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 14, 2019.
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 may exist that have not been identified.
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.

23

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 14, 2019

24

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
Tapestry Community Development District Kissimmee, Florida

We have examined Tapestry Community Development District, Kissimmee, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2018. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2018.

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 Tapestry Community Development District, Kissimmee, Florida and is not intended to be and should not be used by anyone other than these specified parties.

May 14, 2019

25

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 FOR THE STATE OF FLORIDA

To the Board of Supervisors
Tapestry Community Development District Kissimmee, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Tapestry Community Development District, Kissimmee, Florida ("District") as of and for the fiscal year ended September 30, 2018, and have issued our report thereon dated May 14, 2019.

Auditor’s Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 14, 2019, should be considered in conjunction with this management letter.

Purpose of this Letter

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

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

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

We wish to thank Tapestry Community Development District, Kissimmee, 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 14, 2019

26

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2017.

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, 2018.

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, 2018.

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, 2018. 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.

27

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SECTION VI 

SECTION A

RESOLUTION 2019-06
THE ANNUAL APPROPRIATION RESOLUTION OF THE TAPESTRY COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors ("Board") of the Tapestry Community Development District ("District") proposed budgets ("Proposed Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020") along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and
WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and
WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and
WHEREAS, the District Manager posted the Proposed Budget on the District's website at least two days before the public hearing; and
WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage ofthe Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums ofmoney as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and
WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TAPESTRY COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BUDGET
The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

1

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 Tapestry Community Development District for the Fiscal Year Ending September 30, 2020."
The Adopted Budget shall be posted by the District Manager on the District's official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.
SECTION 2. APPROPRIATIONS
There is hereby appropriated out ofthe revenues ofthe District, for Fiscal Year 2019/2020, the sum of $__   ____ to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND DEBT SERVICE - SERIES 2016 TOTAL ALL FUNDS
SECTION 3. BUDGET AMENDMENTS

$ 		 		_
$
$ 	

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2019/2020 or within 60 days following the end of the Fiscal Year 2019/2020 may amend its Adopted Budget for that fiscal year as follows:
The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations ofthe fund do not increase.
The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

2

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.
Any other budget amendments shall be adopted by resolution and consistent with Florida law.
The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 1 89.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District's website within 5 days after adoption and remain on the website for at least 2 years.
SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 24th DAY OF JULY, 2019.

ATTEST:

Secretary/Assistant Secretary
EXHIBIT A: Fiscal Year 201 9/2020 Budget

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

3

•	•	•	•	•	•	•	•	•	•	•	•

• • • • • • •

Tapestry
Community Development District

Proposed Budget
FY 2020

•	•	•	•	•	•	•

Table of Contents

1

General Fund

2-5

General Fund Narrative

6

Debt Service Fund Series 2016 

7-8

Amortization Schedule Series 20 16 

Tapestry
Community Development District
Proposed Budget General Fund Fiscal Year 2020

Descri tion Bi:vi:nues	Adopted Budget FY2019	Actual
6 thru 9
/30/1	Projected Next 3 Months	Tota l thru 9/30/19	Proposed Budget FY2020	
Non-Ad Valorem Assessments	$203,354	$204,127	$4	$204,131 	$203,354	
Interest	$0	$214 		$250	$0	
Total Revenues	$203,354	$204,341		$204,380	$203,354 1	
E1meaditure§						

$36

$40

drunio.t�t/11.ti�
Supervisor Fees
FICA Expense Engineering Attorney Annual Audit
Assessment Administration Arbitrage
Dissemination Truslee Fees Management Fees
Information Technology Telephone
Poslage Insurance
Printing & Binding Legal Advertising Other Current Charges Office Supplies Property Appraiser

fj§Jg_

Dues, Licenses & Subscri ptions

Field Management Property Insurance Landscape Maintenance Landscape Contingency Lake Mainlenance Stormwater Mainlenance WeUand Maintenance Plant Replacement

Contingency

Total Expenditures
Excess Revenues/(Expenditures)

Product T  e
Townhouse
Single-Family 40'

$1 ,200	$400
$100	$31
$10,000	$2,289
$20,000	$1 ,946
$4,200	$4,200
$2,500	$2,500
$600	$0
$3,500	$2,625
$3,500	$3,500
$36,050	$27,038
$600	$499

$87

$300
$800
$6,000	$5,750
$1 ,000	$49
$5,000	$1 ,008
$1 ,000	$293
$500	$2
$250	$282

$175

$7,725	$5,794
$5,000	$0
$50,000	$24,750
$0	$2,800
$7,354	$5,355
$1 0,000	$0
$6,000
$5,000

$15,000	$0

$203,354	$91 ,377
($OJ	$112,964

ERU	Units
0.6	304
0.9

$400
$31
$711 
$1 ,554
$0
$0
$1 ,350
$875
$0
$9,013 
$150
$12 

$36

$0

$92

$31

$3
$0 
$0 

$1 ,931

$8,250
$2,200
$1 ,785
$2,500
$1 ,150
$2,500

$0 

$35,321
{$35,281)

Total
ERU

303

182

$800	$1 ,200
$61	$100
$3,000	$10 ,000
$3,500	$20,000
$4,200	$4,200
$2,500	$2,500
$1 ,350	$450
$3,500	$3,500
$3,500	$3,500
$36,050	$36,050
$649	$1 ,800
$18	$300
$123	$800
$5,750	$6,500
$80	$1 ,000
$1 ,756	$2,500
$385	$1 ,000
$5	$500
$282	$300
$175	$175

$7,725	$7,725
$0	$4,500
$33,000	$47,160
$5,000	$5,490
$7,140	$7,354
$2,500	$1 0,000
$1,150	$4,600
$2,500	$5,000

$1 5,150

$203,354 1

$126,698
$77,683	so I

Net Assessments	$203,354
Add: Discounts & Collection	$12,980
Gross Assessments	$216,334

Net	Gross
O&M	O&M
$126
$188	$200

Single-Family 45'
Single-Femily 50'
Single-Femlly:  60'

1,..0,

101
249
85
1076

101
274
111 
971

$209	$223
$230
$272	1290

$134

ProductT
Townhouse	Per Unit FY19	Per Unit FY20	Increase/Decrease ($0)	
Single-Family 40'	$201	$200	($1) 	
Single-Family 45'	$224	$223	($1) 	

Per Unit Gross Assessment Com arlson

Single-Family 50'
Sinole-Family  60'

$246
S291
I

$290

($1 )
j$ 1)

Tapestry
Community Development District
GENERAL FUND BUDGET

REVENUES:
Non-Ad Valorem Assessments
The District will levy a non-ad valorem assessm enton all assessable prop ery within the District in order to p� for the op eratingexp endituresduring the fiscal year.

EXPENDITURES:
Administrative:
Supervisor Fees
Chap ter 190, Florida Statutes, allows for each Board m em beto receive $200 p er m eeting,not to exceed $4,800 p eryear p aidto each Sup ervisorfor the tim edevoted to District business and m eetings. The am ountfor the fiscal year is based up on 1 Sup ervisorattending 6 m onthy m eetings
FICA Expense
Rep resents the Em pdyer's share of Social Security and Medicare taxes withheld from Board of Sup ervisorschecks.
Engineering
The District's engineer will be p rovidinggeneral engineering services to the District,
e.g. attendance and p rep aratiorfor m onthy board m eetings,review invoices, etc.
Attorney
The District's legal counsel, Hopping, Green & Sams, 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 by an Independent Certified Public Accounting firm. The District has contracted with Grau & Associates.
Assessment Administration
The District will contract to levy and administer the collection of non-ad valorem assessments on all assessable property within the District.

2

Tapestry
Community Development District
GENERAL FUND BUDGET

Arbitrage
The District will contract with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the Series 2016 Special Assessment Revenue Bonds.
Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 1 5c2-1 2(b)(5) which relates to additional reporting requirements for unrated bond issues.
Trustee Fees
The District will be issuing Series 2016 Special Assessment Revenue Bonds that will be deposited with a Trustee at Regions Bank.
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 reporting, annual audits, etc.
Information Technology
Represents costs related to the District's accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements as well as estimated amount for annual human audit of District website to remain ADA compliant.
Telephone
Telephone and fax machine.
Postage
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 coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

3

Tapestry
Community Development District
GENERAL FUND BUDGET

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.
Office Supplies
Any supplies that may need to be purchased during the fiscal year, e.g. , paper, minute books, file folders, labels, paper clips, etc.
Property ApQ,(aiser
Represents a fee charged by Osceola County Property Appraiser's office for assessment administration services.
Dues. Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $1 75. This is the only expense under this category for the District.

Field Management
The District has contracted with Governmental Management Services-Central Florida, LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, attend Board meetings and receive and respond to property owner phone calls and emails.
Property Insurance
The District's property insurance coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Landscape Maintenance

The District has contracted with Yellowstone Landscape - Southeast, LLC to provide monthly landscape services to common areas overseen by the District. The amount is based on the current contract set in place and estimated costs for additional pond mowing and perimeter landscaping.

Description	Monthly	Annual	
Landscape Maintenance	$2,750	$33,000	
Contingency - Future Areas	$1 ,1 80	$14,160	
Total		$47, 1 60	

4

Tapestry
Community Development District
GENERAL FUND BUDGET

Landscape Contingency
Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.
Lake Maintenance

The District has contracted with Applied Aquatic Management, Inc. to schedule inspections and treatments of aquatic weeds and algae within COD lakes.

Descriotion	Monthlv	Annual	
Lake Maintenance - 5 Lakes	$595	$7, 1 40	
Contingency		$21 4	
Total		$7,354	
Stormwater Maintenance
The District will incur costs related to maintaining the storm water systems. The amount is based on estimated costs.
Wetland Maintenance
The District will incur costs related to maintaining the wetlands located within its boundaries. The amount is based on estimated costs.

Description
Wetland Maintenance
Total
Plant Replacement

Quarterlv	Annual
$1 ,1 50	$4,600
$4,600

Represents estimated costs related to the possible replacement of landscaping needed throughout the fiscal year.
Contingency
Represents unforeseen costs not budgeted for in other line items.

5

Tapestry
Commun ity Development District
Proposed Budget Debt Service Fund Fiscal Year 2020

$9

Special Assess ments	$464,000	$465,286	$465,295	$464,000
Interest		$0		$11 ,756	$1 ,244		$1 3,000		$0 Carry Forward Surplus	$1 73,954	$1 75,856		$0	$1 75,856	$179,242 Total Revenues	$637,954	$652,898	$1 ,253	$654,151	$643,242 I
ExQ!nditures

Interest Payment - 11 /01	$1 68,066	$1 68,066	$0	$1 68,066	$1 65,709 Principal Payment - 05/01	$1 30,000	$1 30,000	$0	$1 30,000	$1 35,000 Interest Payment - 05/01	$1 68,066	$1 68,066	$0	$1 68,066	$1 65,709 Transfer Out		$0		$8,777	$0		$8,777		$0

Total Expenditures	$466,131	$474,909

$474,909	$466,418 1

Excess Revenues/(Expenditures)	$171 ,823	$1 77,989	$1 ,253	$1 79,242	$1 76,824 I
Carry forward surplus is net of Reserves.	Interest 11 /1/20	$1 63,263

Net AssesS111ents	$464,000
Add: Discounts & Collection	$30,933
Gross AssesS111ents	$494 933

Tota l	Net	Gross
Producl T   e	ERU	Units	ERU	Debt	Debt

Townhouse

304	182	$287	$306

$459

Single-Family 40'	0.9	337	303	$430

Single-Family 45'

101	101	$478	$510 

Single-Family 50'	1.1	249	274	$526	$561
Single-Famill'. 60'	1.3	85	111	$621	$663
1076	971

6

Tapestry Community Development District
Series 2016, Special Assessment Revenue Bonds (Term Bonds Combined)

11/1 /37

$

3,345,000

$

$

83,625 $

459,375

7

Date	

Balance	Amortization Schedule

Principal	

Interest	

Annual	
11/1/19	$ 6,910,000	$	$	165,709	$	165,709	
5/1 /20	$ 6,910,000	$	135,000	$	165,709	$	
11/1/ 20	$ 6,775,000	$	$	163,263	$	463,972	
5/1 /21	$ 6,775,000	$	140,000	$	163,263	$	
11/1 /21	$ 6,635,000	$	$	160,725	$	463,988	
5/1 /22	$ 6,635,000	$	145,000	$	160,725	$	
11 /1 / 22	$ 6,490,000	$	$	157,644	$	463,369	
5/1 /23	$ 6,490,000	$	150,000	$	157,644	$	
11/1 /23	$ 6,340,000	$	$	154,456	$	462, 100	
5/1 /24	$ 6,340,000	$	155,000	$	154,456	$	
11/1 /24	$ 6,185,000	$	$	151, 163	$	460,619	
5/1 /25	$ 6,185,000	$	160,000	$	151, 163	$	
11/1 /25	$ 6,025,000	$	$	147,763	$	458,925	
5/1 /26	$ 6,025,000	$	170,000	$	147,763	$	
11/1 /26	$ 5,855,000	$	$	144, 150	$	461,913	
5/1 /27	$ 5,855,000	$	180,000	$	144, 150	$	
11 I 1 /27	$ 5,855,000	$	$	139,830	$	463,980	
5/1 / 28	$ 5,855,000	$	185,000	$	139,830	$	
11 / 1 /28	$ 5,675,000	$	$	135,390	$	460,220	
5/1 /29	$ 5,675,000	$	195,000	$	135,390	$	
11/1 /29	$ 5,490,000	$	$	130,710	$	461,100	
5/1 /30	$ 5,490,000	$	205,000	$	130,710	$	
11 /1 /30	$ 5,295,000	$	$	125,790	$	461,500	
5/1 /31	$ 5,295,000	$	215,000	$	125,790	$	
11 /1 /31	$ 5,090,000	$	$	120,630	$	461,420	
5/1 /32	$ 5,090,000	$	225,000	$	120,630	$	
11 /1 /32	$ 4,875,000	$	$	115,230	$	460,860	
5/1 /33	$ 4,875,000	$	235,000	$	115,230	$	
11/1/ 33	$ 4,650,000	$	$	109,590	$	459,820	
5/1 /34	$ 4,650,000	$	250,000	$	109,590	$	
11/1 /34	$ 4,415,000	$	$	103,590	$	463, 180	
5/1 /35	$ 4,415,000	$	260,000	$	103,590	$	
11/1 /35	$ 4, 165,000	$	$	97,350	$	460,940	
5/1 /36	$ 4,165,000	$	275,000	$	$	
11 /1 /36	$ 3,905,000	$	$	90,750	$	463, 100	
5/1 /37	$ 3,620,000	$	285,000	$	90,750	$	

Tapestry Community Development District Series 2016, Special Assessment Revenue Bonds (Term Bonds Combined)

Date	

B alance	Amortization Schedule

Principal	

Interest	

Annual	
5/1 /38	$ 3,045,000	$	300,000	$	83, 625	$	
11/1 /38	$ 3,045,000	$	$	76, 125	$	459,750	
5/1 /39	$ 2,730,000	$	315,000	$	76, 125	$	
11 /1 /39	$ 2,730,000	$	$	68,250	$	459,375	
5/1 /40	$ 2,395,000	$	335,000	$	68,250	$	
11/1 /40	$ 2,395,000	$	$	59,875	$	463, 125	
5/1/41	$ 2,045,000	$	350,000	$	59,875	$	
11/1 /41	$ 2,045,000	$	$	51, 125	$	461,000	
5/1 /42	$ 1,675,000	$	370,000	$	51, 125	$	
11/1/42	$ 1,675,000	$	$	41,875	$	463,000	
5/1 /43	$ 1,285,000	$	390,000	$	41,875	$	
11/1 /43	$ 1,285,000	$	$	32,125	$	464,000	
5/1 /44	$	880,000	$	405,000	$	32,125	$	
11/1 /44	$	880,000	$	$	22,000	$	459,125	
5/1 /45	$	450,000	$	430,000	$	22,000	$	
11/1 /45	$	450,000	$	$	11,250	$	463,250	
5/1 /46	$	$	450,000	$	11,250	$	461,250	

Totals	$   6,910,000   $  5,719,964   $	12,629,964 i

8

SECTION 8

RESOLUTION 2019-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TAPESTRY COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2019/2020; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Tapestry Community Development District ("District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and
WHEREAS, the District is located in Osceola County, Florida ("County"); and
WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District's adopted capital improvement plan and Chapter 190, Florida Statutes; and
WHEREAS, the Board of Supervisors ("Board") of the District hereby determines to undertake various operations and maintenance and other activities described in the District's budget ("Adopted Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020"), attached hereto as Exhibit A and incorporated by reference herein; and
WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and
WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and
WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and
WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2019/2020; and

1

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector ("Uniform Method"), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and
WHEREAS, it is in the best interests of the District to adopt the assessment roll ("Assessment Roll") attached to this Resolution as Exhibit B, and to certify the portion of the Assessment Roll related to certain developed property ("Tax Roll Property") to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property ("Direct Collect Property"), all as set forth in Exhibit B; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TAPESTRY COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BENEFIT & ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibit A and Exhibit B, and is hereby found to be fair and reasonable.
SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapter 190, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibit A and Exhibit B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.
SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.
Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibit A and Exhibit B.
Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as

2

set forth in Exhibit A and Exhibit B. Assessments directly collected by the District are due in full on December 1, 2019; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2019, 25% due no later than February 1, 2020 and 25% due no later than May 1, 2020. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment - including any remaining partial, deferred payments for Fiscal Year 201 9/2020, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1 %) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District' s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs ofcollection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 1 70, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.
Future Collection Methods. The decision to collect special assessments by any particular method - e.g., on the tax roll or by direct bill - does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.
SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.
SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions ofthis Resolution shall not affect the validity or enforceability ofthe remaining portions of this Resolution, or any part thereof.
SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED this 24th day of July, 2019.

3

ATTEST:

Secretary / Assistant Secretary

TAPESTRY COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

Exhibit A: Exhibit B:

Budget
Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

4

SECTION VIII

Tapestry CDD Website Complaince Proposal
(URL: http: //www.tapestrycdd.com/)
Website Accessibility for People with Disabilities as per
Nondiscrimination requirements of Title II of the American Disabilities Act (ADA)

Date	Version#
May 25, 2018	1.0
June 18, 2018	1.1
June 21, 2018	1.2
August.10, 2018
Jan 5th 2019	1.4
Feb 15th 2019	2.0

Comments
Initial version
Added document conversion cost

Added WCAG Standards Compliance Added CDD Specific details
Discussion with Management Company Human Audi't Se/al
�I!�

Author
VB Joshi VB Joshi
Kristen Thornburgh
VB Joshi VB Joshi VB Joshi VB Joshi

[ � i¥Mrti

B�B Rating:�•
BBB. N•Niil  Chck for Profile

VGlobalTech's Compliance Seal & Human Audit Compliance Seal* 
(" Human Audit Contract required. Please email contact@vglobaltech.com for audit proposal)

CERTIFIED ACCESSIBLE
By Analysts who are Blind &Visually Impaired

VG/oba/Tech the ADA, WCAG Compliance Experts, with over 100 ADA & WCAG compliant websites created (.... and counting) to-date! We have also partnered with a non-profit agency to conduct Human Audit and Certification Seal
COPYRIGHT ©: This proposal is solely created by VGlobalTech team for its customers and cannot be reproduced, copied, modified or distributed (including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. Any violations shall be prosecuted.

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Plivate and Confidential Document. No part of this document shall be produced. sent. copied to any parties it is not intended for. It is
intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted.

Table of Contents
1.0	The Law	3
ADA & WCAG Compliance - Introduction	5
Common Problems and VGlobalTech Solutions for Website Accessibility	6
Problem: Images Without Text Equivalents	6
Problem: Documents Are Not Posted In an Accessible Format.	6
Problem: Specifying Colors and Font Sizes	6
Problem: Videos and Other Multimedia Lack Accessible Features	7
Web Content Accessibility Guidelines (WCAG)	7
3.0	Pricing	9
One time (website conversion and compliance cost)	9

3.2
4.0
5.0

ADA Compliance Yearly Maintenance and Upgrade	10 
Proposal Acceptance:	12 
References:	13 

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Private and Confidential Document. No port of this document shall be produced, sent. copied to any parties itis not intended for. II is
intended forthe entities listed cleorty on this proposal. Any distribution without written consent shall be procecuted.

1.0 The Law

Source:
http://www.leg.state.fl.us/statutes/index.cfm?App mode=Display Statute&URL=0l00- 0199/0189/Sections/0 189.069.html
189.069. Special districts; required reporting of information; web-based public access.-
Beginning on October 1, 2015, or by the end of the fi rst fu ll fiscal year after its creation,
each special district shall maintain an official website containing the information required by this section. Each special district shall submit its official website address to the department.
Each independent special district shall maintain a separate website.
Each dependent special district shall be prominently displayed on the home page of the website of the local genera l-purpose government upon which it is dependent with a hyperlink to such webpages as are necessary to provide the information required by this section. A
dependent special district may maintain a separate website providing the information required by this section.
(2)(a)	A special district shall post the following information, at a minimum, on the district's official website:
1.	The full lega l name of the special district. The public purpose ofthe special district.
The name, official address, official e-mail address, and, if applicable, term and appointing authority for each member of the governing body of the special district.
The fiscal year of the special district.
The full text of the special district's charter, the date of establishment, the establishing
entity, and the statute or statutes under which the special district operates, if different from the statute or statutes under which the special district was established. Community development
districts may reference chapter 190 as the uniform charter but must include information relating to any grant of special powers.
The mailing address, e-mail address, telephone number, and website uniform resource locator of the special district.

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A description of the boundaries or service area of, and the services provided by, the special district.
A listing of all taxes, fees, assessments, or charges imposed and collected by the special
district, including the rates or amounts for the fiscal year and the statutory authority for the levy of the tax, fee, assessment, or charge. For purposes of this subparagraph, cha rges do not include patient charges by a hospital or other health care provider.
The prima ry contact information for the special district for purposes of communication from the department.
A code of ethics adopted by the special district, if applicable, and a hyperlink to generally applicable ethics provisions.
The budget of the special district and any amendments thereto in accordance with s.189.016.
The final, complete aud it report for the most recent completed fiscal year and audit reports required by law or authorized by the governing body of the special district.
A listing of its regularly scheduled public meetings as required by s. 189.015(1).
The public facilities report, if applicable.
The link to the Department of Financial Services' website as set forth in s. 218.32(1)(g).
At least 7 days before each meeting or workshop, the agenda of the event, along with any meeting materials available in an electronic format, excluding confidential and exempt
information. The information must remain on the website for at least 1 year after the event.
(b)	The department's website list of special districts in the state required under
s. 189.0Glshall include a link for each special district that provides web-based access to the public for all information and documentation required for submission to the department
pursuant to subsection

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intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted.

2.0 ADA & WCAG Compliance - Introdu ction

Every individual must have equal access to information whether it is in person service or online. This is a general agreement and understanding of access.
The Internet has d ramatically changed the way state and local governments do business. Today, government agencies routinely make much more information about their p rogram s, activities,
and services available to the public by posting it on their websites. As a result, many people can easily access this information seven day a week, 24 hours a day.
Many government services and activities are also provided on websites because the public is able to participate in them at any time of day and without the assistance of government
personnel. Many government websites offer a low cost, quick, and convenient way of filing tax returns, paying bills, renewing licenses, signing up for programs, applying for permits or funding, submitting job applications, and performing a wide variety of other activities.
The Americans with Disabilities Act (ADA) and, if the government entities receive federal funding, the Rehabilitation Act of 1973 generally require that state and local governments provide qualified individuals with disabilities equal access to their programs, services, or
activities unless doing so would fu ndamentally alter the nature of their programs, services, or activities or would impose an undue burden. One way to help meet these requirements is to
ensure that government websites have accessible features for people with disabilities, using the simple steps described in this document. An agency with an inaccessible website may also meet its legal obligations by providing an alternative accessible way for citizens to use the programs or
services, such as a staffed telephone information line. These alternatives, however, a re unlikely to provide an equal degree of access in terms of hours of operation and the range of options and programs available.
The World Wide Web Consortium (W3C) sets the main international standards for the World Wide Web and its accessibility. W3C created the Web Content Accessibility Guidelines (WCAG
and 2.1) which are similar to Section 508, but on an international level. WCAG 2.0 and 2.1 requires specific techniques for compliance and is more current than Section 508.
Many countries and i nternational organizations require compliance with WCAG 2.0 and 2.1. The guidelines are categorized into three levels of compliance: A (must support), AA (should
support), and AAA (may support). Representatives from the accessibility community around the world participate in the evolution of these guidelines.
Source: https : //www.w3.orr;./WAI /standards-guidelines/wcag/
Visit http://v�lobaltech.com/website-compliance/ for more details, do a website compliance check on your website and to download a PDF proposal.

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Private	Confidential	it is not Intended for. It is

.	Call: 32 1 -947-7777 I Email: contact@VGlobalTech.com
and	Document. No part of this document shall be produced, sent, copied to any parties
intended forthe entities listed clearly on this proposal. Any distribution without written consent shall be procecuted.

Common Problems and VGlobalTech Solutions for Website Accessibility
Problem: Images Without Text Equivalents

So]ution: Add a Text Equivalent to Every Image
Adding a line of simple HTML code to provide text for each image and graphic will enable a user with a vision disability to understand what it is. Add a type of HTML tag, such as an "alt" tag for brief amounts of text or a "longdesc" tag for large amounts, to each image and graphic on your agency's website.
The words in the tag should be more than a description. They should provide a text equivalent ofthe image. In other words, the tag should include the same meaningful
information that other users obtain by looking atthe image. In the example of the mayor's picture, adding an "alt" tag with the words "Photograph of Mayor Jane Smith" provides a meaningful description.
In some circumstances, longer and more detailed text will be necessary to convey the same meaningful information that other visitors to the website can see. For example, a map
showing the locations of neighborhood branches of a city library needs a tag with much more information in text format. In that instance, where the map conveys the locations of several facilities, add a "longdesc" tag that includes a text equivalent description of each
location shown on the map - e.g., "City Center Library, 433 N. Main Street, located on North Main Street between 4th Avenue and 5th Avenue."
Problem: Documents Are Not Posted In an Accessible Format

So]ution: Post Documents in a Text-Based Format
Always provide documents in an alternative text-based format, such as HTML or RTF (Rich Text Format), in addition to PDF. Text-based formats are the most compatible with assistive technologies.
Problem: Specifying Colors and Font Sizes

So]ution: Avoid Dictating Co]ors and Font Settings
Websites should be designed so they can be viewed with the color and font sizes set in
users' web browsers and operating systems. Users with low vision must be able to specify the text and background colors as well as the font sizes needed to see webpage content.

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Private and Confidential Document. No partof this document shall be produced, sent, copied to any parties ii is not intended for. it is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted.

Problem: Videos and Other Multimedia Lack Accessible Features

Solution: Include Audio Descriptions and Captions
Videos need to incorporate features that make them accessible to everyone. Provide audio descriptions of images (including changes in setting, gestures, and other details) to make videos accessible to people who are blind or have low vision. Provide text captions synchronized with the video images to make videos and audio tracks accessible to people who are deaf or hard of hearing.

5 Web Content Accessibility Guidelines (WCAG)

Understanding the Four Principles of Accessibility
The guidelines and Success Criteria are organized around the following four principles, which lay the foundation necessary for anyone to access and use Web content Anyone who wants to use the Web must have content that is:
Perceivable - Information and user interface components must be presentable to users in ways they can perceive.
This means that users must be able to perceive the information being presented (it can't be invisible to all of their senses)
Operable - User interface components and navigation must be operable.
This means that users must be able to operate the interface (the interface cannot require interaction that a user cannot perform)
Understandable - Information and the operation of user interface must be understandable.
This means that users must be able to understand the information as well as
the operation of the user interface (the content or operation cannot be beyond their understanding)
Robust - Content must be robust enough that it can be interpreted reliably by a wide variety of user agents, including assistive technologies.
This means that users must be able to access the content as technologies
advance (as technologies and user agents evolve, the content should remain accessible)
Ifany ofthese are not true, users with disabilities will not be able to use the Web.

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Under each of the principles are guidelines and Success Criteria that help to address these principles for people with disabilities. There are many general usability guidelines that make content more usable by all people, including those with disabilities. However, in
WCAG 2.1, we only include those guidelines that address problems particular to people with disabilities. This includes issues that block access or interfere with access to the Web more severely for people with disabilities.

See reference section at the end of this document for more information and websites for ADA, Usability and other important compliance issues and solutions.

VGlobalTech development and business managem.ent team shall study these compliance guidelines and with our technical capabilities apply these to make your website accessible,
compatible and fully functional for all people, including those with disabilities.
Upon full remediation the CDD Website shall receive VGlobalTech's and Human Audit Compliance Seals

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Pricing

Website Complexity: Small Level Websites

VGlobalTech team shall complete the following critical tasks for client website. All costs below are per website / COD:

One time (website conversion and compliance cost):
Task

Perfo rm ADA Website Compliance Check for current website - Update ALL
webpages on the website / Create new website with all current content. Create an accessibility before and after document, code review, html updates, plugins
/ security updates required for ADA and WCAG compliance
Cross-Device Check (Website needs to appear as per ADA standards on Mobile Phones, Tablets, Desktops etc). Braille Readers, Other assistance technology
compatibi I ity
ADA Standards application (as per Section 1 above). ADA.gov, Web Content Accessibility Guidelines (WCAG)
PDF Documents.conversion (to Text, HTML etc) as needed for ADA Compliance
/ Reader Compliance
Create a webpage showing websites ADA Compliance efforts
Create customized footer with VGlobalTech's ADA Compliance Seal (valid for 1 year only)
Total (one-time compliance / conversion cost): $2375 / one time

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ADA Compliance Yearly Maintenance and Upgrade

Starting after initial conversion is completed (Annual Maintenance - It is critical to maintain compliance as websites get updated):

VGlobalTech team shall complete the following critical tasks for client website. All costs below are per website / COD:

Task

Perform ADA Website Compliance Check for current website - All new webpages on the website
Cross-Device Check (Website needs to appear as per ADA standards on Mobile Phones, Tablets, Desktops etc)
Update footer with VGlobalTech's ADA Compliance Seal (extended for current year)
Support (upto 8 hr / month) for the year including updates to newly added pages, upgrade to new standards (if any). Posting new documents, minutes, agendas etc to the websites as needed - Worry Free Monthly Maintenance.
PDF Documents conversion (to Text, HTML etc) as needed fo r ADA Compliance / Reader Compliance - Upto 2 years of documents only as required by Florida
Statute
Annual Maintenance (starts after initial compliance engagement quoted above section is complete): $1350 / year
(can be broken up into smaller monthly bills)

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intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted.

This proposal includes following points1 stipulations terms and conditions:
*(1) conference call or in person meetings per month with client to review m etrics, results and monthly recaps *unless otherwise noted
* email and phone communication
*Anything out of the scope of work in the above proposal will be addressed and client will be
immediately notified. After notification of additional work, a subsequent quote will be provided to cover that work.
*Client is responsible to adhering to timelines as far as information required to complete the
task is concerned. If timelines a re not adhered to and exceed 15 business days past the current marketing months, last day, all work wi ll end. A new month with new allocated costs will be
presented for future work to com mence. No refunds and owed work will be due unless
otherwise agreed upon. An Invoice will be provided once signature approval of this project proposal. Payments will be made to VGLOBALTECH
*Client 'is responsible for verifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible for a ny legal ramifications arising from work not done as per external agencies / organizations / associations needs if
proper feedback is not provided by the customer. VGlobalTech's work will be in best faith but cannot guarantee all compliance / legal needs since we are not the SM E's in the compliance
area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues.
Refund Policy: The client may halt work and request for a refund within seven d ays of the date of signing this services agreement by mailing a signed letter to the main address listed on
www.VGlobalTech.com website. If client requests a refu nd within seven days of the date of
signing their agreement they shall be liable to pay for all work completed and will be refunded the remaining balance of the initia l payment if billable work has not exceeded a charge that
would be greater than client's initial payment. If client requests a refund after the seven days from the date of the signing of the agreement client is liable to pay for all work completed plus an additional 25% of any remaining balance that may sti ll be due. Once line item projects are
complete no refunds will be issued. Confidentiality: All information between client and service provider inclusive of technical and business information relating to proprieta ry ideas,
patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, profit and margin information, fi nances and
financial projections, customers, clients, marketing, and current or future business plans and models, rega rdless of whether such information is designated as "Confidential Information" at the time of its disclosure and will be treated as such and with absolute confidentiality and will
not be shared or used, which will be maintained at all times. The client is not allowed to disclose­ their price with any third parties. Doing so is in breach of this agreement. All information
development will be shared and proprietary information and property between client and service providers.

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4.0 Proposal Acceptance:

To accept these project, associated costs and conditions as listed above please sign and date below.
The VGloba/Tech proposed solution and terms have been accepted by the customer and the VGloba/Tech team can proceed with the project. All payments shall be made according to this agreement.

Select Proper Option Below, Sign and Date, Return to contact@vglobaltech.com:

□

Option A
Section 3.1: One time (website conversion and compliance cost):

□

Option B
Section 3.1: One time (website conversion and compliance cost)

Section 3.2 ADA Compliance Yearly Maintenance and Upgrade

For Customer	Date

VB Joshi
For VGlobalTech	Date

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5.0 References:

ADA Best Practices Tool Kit for State and Local Governments: https://www.ada .gov/pcatoolkit/chapStoolkit. htm

U.S. Department of Justice, Civil Rights Division, Disability Rights Section
https ://www.ada.gov/websites2.htm

Web design Standards: https://www.w3schools.com/

Web Content Accessibility Guidelines (WCAG) https://www.w3.org/TR/WCAG2 1/

VGlobalTech Web Content Accessibility Implementation and Checkpoints: http://vglobaltech.com/website-compliance/
' /

[ BBB.£-....

BBB Rating: A♦

1-liJI

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SECTION IX

Landscape Management Agreement

Client Name/BillingAddress:
Tapestry Community Development District 135 W. Central Blvd., Suite 320
Orlando, FL 32801

Property Contact:
William Viasalyers
Tel: 407-841-5524
Email: wviasalyers@gmscfl.com

Effective Date: 4/1/2019
Expiration Date: 1/31/2020 (exisiting contract end date)
Initial Term: Follows existing contract
Scope ofServices:

Property Name/Address:
Tapesty Community Development District K.issimee, FL 34741

Contractor:
Yellowstone Landscape - Southeast, LLC (d/b/a Yellowstone Landscape)
(d/b/a Austin Outdoor) PO Box 849
Bunnell, FL 32110
Branch Office Contact:
Rob Stultz
Tel: 407-396-0529
Email: rstultz@yellowstonelandscape.com

The Client agrees to engage Yellowstone Landscape - Southeast, LLC (d/b/a Yellowstone Landscape) (d/b/a Austin Outdoor) to provide the Services and work described in the attached Exhibit(s) A and B
Addendum to current contract: Maintenance of additional buffer areas 36x per year (See attached map)
Compensation Schedule:
$1,180.00 per month in addition to current monthly billing Additional buffer areas (see attached map)

THETERMS AND CONDITIONS ON PAGE2AND THE EXHIBITS ATTACHED HERETO CONSTITUTE PART OF TIIIS AGREEMENT.

PRESENTED BY:
YELLOWSTONE LANDSCAPE - SOUTHEAST, LLC
(d/b/a Yellowstone Landscape) (d/b/a Austin Outdoor)

ACCEPTED BY: CLIENT

By/Date:
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By/Date: _	 	

Printed Name/Title 	
_Owner  	;\gent

Page 1 of 3

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NE

Tapestry CDD : Buffer Mowing
Exhibit A
Landscape Management Service Pricing Sheet

Client Initial:   	

Creating premier properties. Building lasting relationships

Core Maintenance Services		
Mowing and Policing	
$14,160.00	
Includes mowing, edging, string-trimming,		
weeding, and trash removal. 36x/year		
See area on map
Grand Total Annual	
$14,160.00	
Monthly	$1,180.00	

SECTION X

IECTIONC

SECTION 1

Tapestry
Community Development District
Summa ryof Checks
April 17, 2019 to June 17, 2019

$

75,641.86 1

	Bank	Date	Check No.'s	Amount		
General Fund		4/19/19	263-264	$	42,407.79	
		4/23/19	265	$	2,750.00	
		5/8/19	266	$	48.70	
		5/10/19	267	$	4,016.70	
		5/13/19	268-270	$	2,317.50	
		5/20/19	271	$	2,288.75	
		5/29/19	272	$	2,750.00	
		6/5/19	273	$	702.00	
		6/10/19	274-275	$	3,295.00	
		6/12/19	276	$	4,041.78	
		6/17/19	277	$	2,750.00	
		7/1/19	278	$	567.00	
		7/7/19	279	$	3,992.24	
		7/11/19	280	$	595.00	
		7/17/19	281	$	2,750.00	
				$	75,272.46	
Payroll		April 2019				
	Keith F. Trace	50006	$	184.70	
	Thomas O Franklin	50007	$	184.70	
			$	369.40	

BANK A TAPESTRY-GENERAL FUN

A*P* 3* 0C0RHECK  DATES   04/17/2019   -   07/17/201Y9EA*R* *-TO-DATETAAPCECOSTURNYTSGEPANEYRAABLLEFUPNRDEPAID/COMPUTER  CHECK  REGISTER	RUN	7/17/ 19	PAGE	l

DATE

CHECK    VEND#	• • D• A• T. EINVOINCEVO. I. C. E• •   . Y. R• MEXOPENDPSETDATCOCT. #. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

• • • • CHECK. . . • • AMOUNT

4/19/19 00012 

4/19/19 00012 

4/19/19   0F4Y1 91290D1E9BT2 0S1E9R0V4 IC3E00 -SE2R0 72 01 -6 10200 
- - - - - - - - - - - - - - - - - - -TA-PE-ST-R-Y  C-DD- C-/-0  R-EG-IO-NS-
4/19/19   0F4 Y1 91290M1A9TT2A0M1Y90H4OME30S0-S2E0R7 0106 -10200 

#

BANK

*	8, 012. 81 
- - - - - - - - - - -8 -, 0 -1 2 -. 8-1   000263 
*	34 ,3 94 .98

4/23/19 00013 

- - - - - - - - - - - - - - - - - - -TA-PE-ST-RY-

- - - - - - - - - - - - - - - -

4/15/19 OS 15455 201904 32 0-53 800-46200 

D-

C-/0- R-EG-IO-NS-

BANK

- - - - - - - - - - -34 -,3 -9 4-.9 -8   000264 
*	2,7 50 .00

- - -

MTHLY LANDSCAPE MNT-APR19	YELLOWSTONE LANDSCAPE-SOUTHEAST ,LLC

- - - - - - - - - -

2, 750. 00 000265 

5/08/19 00001 

4/04/19 CF0 062	201901 3 1 0-5	00-35100 

INFORMATION  TECH-JAN 19

GOVERNMENTAL MANAGEMENT SERVICES

*	48.70
- - - - - - - - - -

48 .70 000266 

MANAGEMENT  FEES-MAY1 9

5/10/19 00001	5/01/19 1 2 7	201905 3 10- 5 1300-34000	*
5/01/19 127	201905 310-51300-35100	*
5/01/19  1 I2N7FORMATI2O0N1 9T0E5C3H-1M0A-Y5 11 39 00-31300	*
5/01/19   1D2I7SSEMINA2 T0 I1O9N0-5MA3Y101-9 51300-51000	*
5/01/19   1O2F7FICE  SU2P0P1 9L0IE5 S310-51300-42000	*

3,004 . 17
50 .00
291 .67
1-2
8.39

5/01/19   1P2O7 STAGE
5/01/19   1C2O8 PIES

201905 310-51300-42500	*
201905 320-53800-12000	*

1B . 60
643 .7 5

5/13/19 00015 

5/13/19 00010 

5/13/19 00006 

5/20/19 00009 

FIELD MANAGEMENT-MAY19	GOVERNMENTAL MANAGEMENT SERVICES 4/30/19 177078	201904 32 0 -5 38 0 0-46400 

AQUATIC  PALNT  MGMT-APR1 9

APPLIED AQUATIC MANAGEMENT, INC .
5/02/19 18179	201905 310-513 00-32200 

- - - - -

- - - - FY18  AUDIT- - - - - - - - -GR-AU  AND  ASSOCIATES 4/ 15/19   6N0O7 T5 4. O4F00ME2 E0T1 I9N0G4- 03 41 /0-2 54 1/31 09 0-48000 
- - - - - - - - - - - - - - - - - -OR-LANDO  SENTINEL 5/09/19 5268324	201904 310-51300-3 1100 
CDD MTG/SITE INSPCT/REPRT	HANSON , WALTER & ASSOCIATES , INC .
TAP2 TAPESTRY	TVISCARRA

- - - - - - - - - - -4 -, 0 -1 6-.7 -0   000267 
*	595.00
- - - - - - - - - - - -5-95 -. 0-0   000268 
*	1,500 .00
- - - - - - - - - - -1 -, 5-00 -. 0-0   000269 
*	222. 50
- - - - - - - - - - - -2-22-. 5-0   000270 
*	2,2 88.75
2,288.7 5 000271 

BANK A TAPESTRY-GENERAL FUN

A*P*3* 0C0RHECK  DATES   04/17/2019   -   07/17/201Y9EA*R* -*TO-DATETAPECOSTURNYTSGPEANYEARABLLEFUPRNEDPAID/COMPUTER  CHECK  REGISTER	RUN	7/17/19	PAGE	2

#

CHDAECTEK    VEND#	. . D• A. T. EINVOIINCVEO. I• C• E• •   • Y• R. MEXPEDNPSETDATCOCT. #. . SUB	SUBCLASS 5/29/19   00013		5/01/19  OMSTH2L1Y7 4L0AN2D0S1C9A0 P5E3M2N0T--5M3A8Y0 01 -9 46200 

VENDOR NAME

STATUS
*

AMOUNT
2, 750 . 00

M• O• U• NCHTECK . . . . . 

YELLOWSTONE LANDSCAPE-SOUTHEAST , LLC
6/05/19 00004	5/31/19 107737	201904 310-51300-31500 
REV .AGDA/BDGT/BRD MTG/PRP	HOPPING GREEN & SAMS

- - - - - - - - - - -2 -, 75-0-. 0-0   000272 
*	702.00

- - - - - - - - - - - -

- - - - - - - - - - - -7-02 -. 0-0   000273 

6/10/19 00015 

5/31/19 177720	201905 320-53800-46400 

- - -

- - -

- - - - A-QU-AT-IC  PLAN-T  M-GM-T--MA-Y-19	APPLIED  AQUATIC  MANAGEMENT,   INC .

*
- - -

595. 00

595 . 00 000274 

6/10/19 00010 

6/12/19 00001 

6/17/19 00013 

6/ 03 /19   1F83Y5148  AUDI2T0-1F9 I0N6AL3 1P0A-Y5M1E3N0T0-32200 
- - - - - - - - - - - - - - - - - -GR-AU  AND  ASSOCIATES 6/01/19   1M2A9NAGEMEN2 T01F9E0E6 S-3J1U0N-51 91300-34000 
6/01/19   1 I2N9FORMAT2IO0N1 9T0E6 CH3-1J0U-N51 39 00-35100 
6/01/19   1 D2 9ISSEMINA2 0TI1O9N06FE3E1-0J-U5N1 31 900-31300 
6/01/19   1O2F9 FICE  SU2P0P1L9 0IE6 S310-5 1300-51000 

POSTAGE

6/01/19 129	201906 310-51300-42000 
6/01/19 129	201906 310-51300-42500 
6/01/19   1C3O0 PIES	201906   32 0-53800-12000 

- - - - - - - - - - - - - - -

FIELD  MANAGEMENT-JUN19 - - -GO-VERNMENTAL  MANAGEMENT  SERVICES

*	2, 700.00
- - - - - - - - - - -2-,7 -00 -. 0-0   000275 
*	3,0 04 . 17
*	50 . 00
*	291 . 67
*	.45
*	34 .94
*	16 . 80
*	643 . 75
- - - - - - - - - - -4 -, 04-1-. 7 -8   000276 
*	2, 750.00

7/01/19 00004 

6/15/19  OMSTH3L1Y0 1L6AN2D0S1C9A0P6E3M2N0T--5J3U8N0 01 9-46200 
- - - - - - - - - - - - - - - - - -YE-LLOWSTONE  LANDSCAPE-SOUTHEAST , LLC
6/24/19   1R0E8V1 0. A2UDIT2 0R1P9 T05/PR3P10F-Y51 38L0T0R-3 1500 

*	- - - - - -

- - - - -2-, 7-50-. 0-0   000277 
567 . 00

7/07/19 00001 

- - - - - - - - - - - - - - - - - -HO-PPING  GREEN  &  SAMS 7/01/19   1MA31NAGEMEN2T0 1F9E0E7S 3J1U0L-1591300-34000 
7/01/19   1 I3N1FORMAT2IO0N1 9T0E7CH3 1J0-UL5 19 00-35100 
7/01/19 131	201907 310-51300-31300 
DISSEMINATION FEE JUL19 

- - - - - - - - - - - -5 6-7 -. 0-0   000278 
*	3,004 .1 7
*	50 . 00
*	291 .67

TAP2 TAPESTRY	TVISCARRA

BANK A TAPESTRY-GENERAL FUN

A*P* 3* 0C0RHECK  DATES   04/17/2019   -   07/17/201Y9EA*R* -*TO-DATETAACPCEOSTURNTYSGEPNAEYRAABL  FUPNRDEPAID/COMPUTER  CHECK  REGISTER

RUN	7/17/19 

PAGE	3

CDHAECTKE    VEND#	. . D. A. T. EINVOINCEVO. I. C. E. .   . Y. R. MEOXPENDPSTEDATCOCT.#. . SUB	SUBCLASS  VENDOR  NAME	STATUS

AMOUNT

A. M. O. U. CNHTECK . • #• . . 

7/11/19 00015 

7/17/19 00013 

7/01/19 1 3 1	2019 07 310 -5 1300-51000	*

OFFICE �UPPLIES JUL1 9

7/01/19 131	201907 310-51300-42000	*
7/01/19   1P3O2 STAGE  J2U0L1 91 907   320-53800- 12000	* FIELD MANAGEMENT JUL19	GOVERNMENTAL MANAGEMENT SERVICES
6/30/19 178399	201906 320-53800-46400	*

- - - - - - - - - - - - - - - - - -

-

AQUATIC PLANT MGMT-JUN19	APPLIED AQUATIC MANAGEMENT , INC .
7/15/19 OS  37163 201907 320-53800-46200	*
MTHLY LANDSCAPE MNT-JUL19	YELLOWSTONE LANDSCAPE-SOUTHEAST , LLC
TOTAL FOR BANK A TOTAL FOR REGISTER

- 15
2. 50
643 . 75

595 .00

2,750 . 00

75, 272 .46
75,272. 46

3,992 .24 000279 

595 . 00 000280 

2,750 .00 000281 

TAP2 TAPESTRY	TVISCARRA

--	.	.
SECTION 2

•	•	•

•	•	•

•	•	•	•	•	•

•	•

•	•
•• • • • • •••
TAPESTRY
Community Development District
Unaudited Financial Reporting June 30, 2019

•	•	•	•

•	•	•	•	•	•	•	•

Gc,emmental Management $eMt;es

GMS

•	•	•

Table of Contents

1

Balance Sheet

2

General Fund I ncome Statement

3

Debt Service Fund I ncome Statement

4

Ca pita l Projects Fund I ncome Statement

5

Month to Month

6

Long Term Debt Summary

7

Assessment Receipt Schedule

8-9

Series 2016 Construction Schedule

Tapestry
COMMUNITY D EVELOPMENT DISTRICT BALANCE SHEET

June 30, 2019

	General Fund	Debt Service Fund	Capital Projects Fund	
Totals	
ASSETS:
CASH	
$719,092			
$719,092	
INVESTMENTS SERIES 2016
RESERVE		
$466,709		
$466,709	
REVENUE 		$170,877		$170,877	
INTEREST		$11		$11	
PRINCIPAL		$8		$8	
CONSTRUCTION			$15,809	$15,809	
DU E FROM GENERAL FUND		$8,253		$8,253	
TOTAL ASSETS	$719,092	$645,859	$15,809	$1,380,759	
LIABILillES:
ACCOUNTS PAYABLE	
$1,162			
$1,162	
DUE TO DEVELOPER	$5,150			$5,150	
DUE TO DEBT SERVICE	$8,253			$8,253	
FUND EQUITY:
FUND BALANCES:
RESTRICTED FOR DEBT SERVICE		

$645,859		

$645,859	
RESTRICTED FOR CAPITAL PROJECTS			$15,809	$15,809	
UNASSIGNED 	$704,527			$704,527	
TOTAL LIABILITIES & FUND EQUITY	$719,092	$645,8S9	$15,809	$1,380,759	

Tapestry
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures

$75

($49)

$750

$457

$7,354

For The Period Ending June 30, 2019

REVENUES:	ADOPTED BUDGET	PRORATED BUDGET THRU 6/30/19	ACTUAL THRU 6/30/19	
VARIANCE	
SPECIALASSESSMENTS	$142,964	$142,964	$143,737	$773	
DI RECT ASSESSM ENTS	$60,390	$60,390	$60,390	$0	
I NTEREST	$0		$214	$214	
TOTAL REVENUES	$203,354	$203,354	$204,341	$987	
EXPENDITURES:					
ADMINISTRATIVE:					
SUPERVISOR FEES	$1,200	$900	$400	$500	
FICA EXPENSE	$100			$44	
ENGi NEER! NG	$10,000	$7,500	$2,289	$5,211	
ATTO RNEY	$20,000	$15,000	$1,946	$13,054	
DISSEMINATI ON AGENT	$3,500	$2,625	$2,625	($0)	
ASSESSM ENT ADMINI STRATI ON	$2,500	$2,500	$2,500	$0	
ARBITRAGE	$600	$0	$0	$0	
TRUSTEE FEES	$3,500	$3,500	$3,500	$0	
ANNUALAUDIT	$4,200	$4,200	$4,200	$0	
MANAGEMENT FEES	$36,050	$27,038	$27,038	($0)	
INFORMATIONTECHNOLOGY	$600	$450	$499		
TELEPHONE	$300	$225	$6	$219	
POSTAGE	$800	$600			
I NSURANCE	$6,000	$6,000	$5,750	$250	
PRINTING & BINDING	$1,000		$49	$701	
LEGAL ADVERTISING	$5,000	$3,750	$1,008	$2,742	
OTHER CURRENT CHARGES	$1,000	$750	$293		
PROPERTY APPRAISER FEE	$250	$250	$282	($32)	
OFFICE SUPPLIES	$500		$2		
DUES,LICENSE & SUBSCRIPTIONS	$175	$175	$175	$0	
FIELD:					
FIELD MANAGEMENT	$7,725	$5,794	$5,794	$0	
PROPERTY INSURANCE	$5,000	$5,000	$0	$5,000	
LANDSCAPE MAINTENANCE	$50,000	$37,500	$24,750	$12,750	
LANDSCAPE CONTINGENCY	$0	$0	$2,800	($2,800)	
LAKE MAI NTENANCE		$5,516	$5,355	$161	
STORMWATER MAINTENANCE	$10,000	$7,500	$0	$7,500	
WETLAND MAINTENANCE	$6,000	$4,500	$0	$4,500	
PLANT REPLACEMENT		$3,750	$0	$3,750	
CONTI NGE NCY	$15,000	$11,250	$0	$11,250	
TOTAL EXPENDITURES	$203,354	$157,472	$91,377	$66,095	
EXCESS REVENUES (EXPENDITURES)	($0)		$112,964		
FUND BALANCE - Beginning			$591,563		
FUND BALANCE - Ending			$704,527		
	
2				

Tapestry
COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE
Statement of Revenues & Expenditl,Jres
For The Period Ending June 30, 2019

($8,777)

REVENUES:	ADOPTED BUDGET	PRORATED BUDGET THRU 6/30/19	ACTUAL
THRU 6/30/19	
VARIANCE	
SPECIAL ASSESSMENTS	$326,840	$326,840	$327,706	$866	
DIRECTASSESSME NTS	$137,580	$137,580	$137,580	$0	
I NTEREST	$0	$0	$11,756	$11,756	
TOTAL REVENUES	$464,420	$464,420	$477,042	$12,622	
EXPEN DITU RES:					
Series 2016					
I NTEREST - 1 1/01	$168,066	$168,066	$168,066	$0	
PRINCIPAL- 05/01	$130,000	$130,000	$130,000	$0	
I NTEREST - 05/01	$168,066	$168,066	$168,066	$0	
TRANSFER OUT	$0	$0	$8,777		
TOTAL EXPENDITURES	$466,132	$466,131	$474,909	($8,777)	

EXCESS REVENUES (EXPENDITURES)	($1,712)		$2,133		

FUND BALANCE - Beginning	$173,954		$643,725		

FUND BALANCE - Ending	$172,242		$645,859		

3

Tapestry
COMMUNITY DEVELOPMENT DISTRICT

CAPITAL  PROJECT FUND 
Statement of Revenues & Expenditures
For The Period Ending June 30, 2019

REVENUES:

TRANSFER IN INTEREST
TOTAL REVENUES EXPENDITURES:
Serles 2016

CAPITAL O UTLAY

TOTAL EXPENDITURES

EXCESS REVENUES {EXPENDITURES)

FUND BALANCE - Beginning FUND BALANCE - Ending

ADOPTED BUDGET

$0

so so
$0

$0

$0

PRORATED BUDGET THRU 6/30/19

$0
$0

$0

so so

ACTUAL THRU 6/30/19

$175

SB,952

so so
$8,952

$6,856

$15,809

VARIANCE

$8,777

$0

$0

4

Tapestry
COMMUNITY DEVELOPMENT DISTRICT

OCT

NOV

JAN

FEB

MAR

APR

MAY

JUN

JUL

SEP

TOTAL

SPEOAL ASSESSMENTS

INnREST
TOTAL REVENUES

DIRECT ASSESSMENTS

$20

$0

$14,600

$30,195

$116,701

$.2,675

$0

$15,098

$15,098

$3,S1S

$1,699
$0
$2S

$1,921

$0

$0
$0

so

$0

so so

$0

SXl

$44,815

$30
$116,731

$0

$22
'$16,581

S25
S.1,190

S24
s'11.,J.6

S24
Sl,945

lO

$0

$143,737
$214
!204,341I

AMINJSTMDVE

EKPENDIJUR£5:

FICA EXPENSE ENGINEERING ATTORNEY DISSEMINATION AGENT
ASSESSMENT ADMINISTRATION ARBITRAGE
TRUSTEE FEES
ANNUAL AUDIT MANAGEMENT FEES
INFORMATtoN TEOiNOLOGY TELEPHONE
POSTAGE
INSURANCE
PRINTING & BINDING LEGAL AOVERTISING OTHER CURRENT OIARGES PROPERTY APPRAISER FEE
OFFICE SUPPLIES
DUES, LICENSES & SUBSCRIPTIONS

FIEW
FIELD MANAGEMENT PROPERTY INSURANCE LANDSCAPE MAINTENANCE LANDSCAPE CONTINGENCY LAKE MAINTENANCE
5TORMWATER MAINTENANCE WETtAND MAINTENANCE PlANT REPLACEMENT
CONTINGENCY TOTAL EXPENDITURES
EXCESS REVENUES (EXPENDITURES)

SUPERVISOR FEES

so
$0

$246
$292

so
$0
$82
$292

so
$0
$0
$203
$292
$0
$0

$0

$SO so S2

$0
$0

$0
$292
so so
$3,SOO
$0

$0
$0

$0
$76
$292

$0

so

$292

$2.289
$702
$292
so

$567
$292

$292

so
$0
$0
$0

so
$0
$0
$0

so

$0
so

$3,004
$SO
$0
$2

so
$0
$0
S3.004

so

so
so
$0

so

so
$0

so
$0
$0

so

$5,750

szo

$0
$175

so

$50
$6
Sl

$8
so
$28
$0
$0
so

$0
$0

$50
$0
SIO
$0
$0
$0
S27
$282
$0
$0

so

so

sso

so

$51

so

$785
S26
$0
$0
$0

so
SS2
$0
$0
$0

so

so
$2

$28 so so

$3

so
S5
$2

S26
$0
so
$0

so
$0
$19
$0
$28
so

$0

$3,004
so
Sas

$17 so S27
so
$0
$0

so
$0
$0
$0

$0
$0
$0
so
$0
$0
$0

$0 so so
$0
$0
$0
$0
$0
so
so

so
$0
$0
$0 so so
$0
$0
$0 so so so so
$0

s•oo

$2,289

$2,625
$2.SOO
$0
$3,500
$4,200
$27,038
$499
S6

$5,750

$1,008

$282
$2
$175

so
$2,750
$2,800
so
$0
$0

so
$2,7SO
$0
$595

so
so

$0
$8,414

$36,400

so

$0
$2,750
$0
$595
so so so

so
$2,750

$595
so so so

so

$0
$2,750
$0
$595
so
so

iS5,035)

$0
$2,750
$0
$595
so so
so
$10,867 ($9,6771

so

so
$595
so

$0
so

$11,061

so
$2,750

$595

$0

$0
o

so so so
$0

so
so
$0

$0

so so so

so

s
so

so

so

so
$0

so
$0

$0

I

$0
$18,689 ($18,669)

so

$7,448

$109,284

$0

!$7,7341

$10,114

($8,169)

so
so
$0

$0

$0

$0

so

$5,794

$24,750
$2,800

$0
$0
$0

$0

$91,3771

$112,9641

$31

$1,946

$3,004

$3,004

$293

$2,750

$595

$7,735

INTEREST RATES:	3.625%, 4.250%, 4. 800%, 5.000%	
MATURITY DATE:	5/1/2046	
RESERVE FUND DEFINITION	MAXI M UM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREME NT	$464,000	
RESERVE FUND BALANCE	$466,709	
BONDS OUTSTANDI NG - 4/1/16	$7,285,000	
LESS: MAY 1, 2017 (MANDATORY)	($120,000)	
LESS: MAY 1, 2018 (MANDATORY)	($125,000)	
LESS: MAY 1, 2019 (MANDATORY)	($130,000)	
CU RRENT BONDS OUTSTAN DING	$6,910,000	

TAPESTRY
COMMUNITY DEVELOPMENT DISTRICT LONG TERM DEBT REPORT
SERIES 2016, SPECIALASSESSMENT REVENUE BONDS

6

TAPESTRY
COMMUNITY DEVELOPMENT DISTRICT
SPEaAL ASSESSMENT RECEIPTS · FY2019

TAX COLLECTOR

Gmss Assessments	$	152,216	$	347,038	$	499,254	
Net Assessments	$	143,083	$	326,216	$	469,299	
2016

s

s

Date			Gross Assessments	Discounts/		Commissions		Interest	Net Amount	General Fund	Debt Svc Fund	Total Received	Dist.#		Received		Penalties			Paid		Income		Received		30.49%		69.51%	100% 10/31/18		ACH	$		1,745.84 $			$		$		18.92 $			1,764.75  $			587.99			1,175.77 $		1,764.76

s	s	s

11/9/18	ACH	$	227.09   $	11.93   $	4.30   $	$	210.85	64.29   $	145.57  $	210.86

s

11/26/18	ACH	50,575.62  $	2,027.01  $	973.00  $	$	47,676.51	14,535.97	33,140.64   $  47,576.61

s

12/10/18	ACH	$	0.01   $	$	$	$	0.01	0.01   $	$	0.01

s

12/10/18	ACH	$	396,945.13	15,877.66 $	7,621.34  $	$	373,446.13  $	113,858.83  $  259,587.30 $ 373,446.13

s

12/21/18	ACH	$	9,825.84	313.12  $	190.26  $	$	9,322.46  $	2,842.30  $	6,480.16  $	9,322.46

s

1/11/19	ACH	$	8,505.42  $	255.19  $	164.99	$	8,085.24  $	2,465.08  $	5,620.16 $	8,085.24

s	s	s

1/11/19	ACH	$	620.44   $	18.61   $	12.05	$	589.78   $	179.82  $	409.96   $	589.78

s

1/11/19	ACH	$	$	$	99.12   $	99.12	30.22   $	58.90	99.12

s	s

2/13/19	ACH	$	4,987.66   $	99.74   $	97.76   $	4,790.16   $	1,460.46   $	3,329.70  $	4,790.15

s	s

s

3/11/19	ACH	$	3,960.10	60.15   $	78.00   $	$	3,821.95   $	1,165.26  $	2,656.69	3,821.95

s	s

s

4/9/19	ACH	$	11,442.61 $	$	228.85	11,213.76 $	3,418.93  $	7,794.83	11,213.76
4/9/19	ACH	308.36   $	$	6.17   $	302.19   $	92.13	210.06  $	302.19
4/12/19	ACH	$	$	$	$	11.40  $	11.40  $	3.48   $	7.92  $	11.40

s

5/15/19	ACH	$	5,364.11   $	$	107.29  $	$	5,256.82  $	1,602.74   $	3,654.08   $	5,256.82
5/15/19	ACH	$	321.45	$	6.42  $	$	315.03  $	96.05  $	218.98  $	315.03
5/14/19	ACH	$	2,199.16  $	$	43.98   $	$	2,155.18  $	657.09   $	1,498.09   $	2,155.18
6/18/19	ACH	$	4,230.45  $	$	84.51     $	$	4,145.84  $	1,264.01  $	2,881.83 $	4,145.84
7/15/19	ACH	$	12.86  $	12.86  $	3.92  $	8.94  $	12.86
Totals	$	499,614.45  s	18,663.41  s	9,619.02  $	123.38  $	471,455.40  $	143,740.SS  $   327,714.82  $  471,455.40
% Collected:	100.46%
OFF ROLL ASSESSMENTS

Mattamy Homes

DATE RECEIVED	

DUE DATE	

CHECK NO.	$197,970.22

NET ASSESSED	

AMOUNT RECEIVED	$60,390.30

GENERAL FUND	$137,579.92

SERIES 2016	
11/19/18	12/1/18	9007	$	98,985.11	$	98,985.11	$	30,195.15	$	68,789.95	
2/4/19	2/1/19	10628	$	49,492.56	$	49,492.55	$	15,097.58	$	34,394.98	
4/18/19	5/1/19	12181	$	49,492.56	$	49,492.55	$	15,097.58	$	34,394.98	
			$ 197,970.23	$	197,970.23	$	60,390.31	$	137,579.92	

7

Tapestry
COMMUN ITY DEVELOPMENT DISTRICT

Special Assessment Revenue Bonds, Series 2016

Oate
Fiscal Vear 2016
8/5/16
9/7/16

Fiscal Vear 2016 5/1/16
6/1/16
7/1/16
8/1/16
9/1/16

Date Fiscal Vear 2017
11/7/16
1/26/17
1/26/17
1/26/17

Requisition #

Requisition # 5
4
6
8

COntractor

Hopping, Green & Sams Hopping, Green & Sams

TOTAL

Interest Interest Interest Interest Interest
TOTAL

Contractor

Hopping Green & Sams Hopping Green & Sams Hopping Green & Sams
Hopping Green & Sams

Descrlptlon

Convenyances of Utilities with TOHO Convenyances of Utilities with TOHO

Project (Construction) Fund at 4/18/16 Interest Earned thru 9/30/16 Requisition, Paid thru 9/30/16

Remaining Project (Construction) Fund

Descri�on
Legal Counsel - Review of acquisition & revision of disclosure Legal Counsel - Research/review of acquisition & reimburseables
legal Counsel - Review of acquisition & conveyance documents Legal Counsel - Preparation & review ofutility acqusition

Requisition

$	2,182.95
$	1,233.13
$	3,416.08

$	525.03
$	1,298.03
$	1,336.58

$

$	1,332.91
1,379.26
$	5,871.81

$  6,318,334.97
$	5,871.81
$	(3,416.08)
$  6,320,790.70

s	.

.

Requisition
s	497.00

$

1,409.50

$

1,398.50
4,893.60

2/21/17

7	Mattamy Florida, LLC

Ph.1 Mass Grading, Stonnwater Ponds, lift Station & Utility Infrastructure $ 4,307,563.04

4/28/17
7/31/17
8/1/17
8/1/17
8/22/17

Fiscal Year 2017 10/1/16
11/1/16
12/1/16
1/1/17
2/1/17
3/1/17
4/1/17
5/1/17
6/1/17
7/1/17
8/1/17
9/1/17

9	GMS-CF, LLC
12	Matta my Florida, LLC
Hopping Green & Sams
Hopping Green & Sams
13	Hopping Green & Sams

TOTAL

Interest Interest interest Interest Interest Interest Interest Interest Interest Interest Interest Interest

TOTAL

•FV16 expense paid in FY17

FV17 Accounting Services
Ph. l and 2 Mass Grading, Stormwater Ponds & Utility Infrastructure Legal counsel - Execution Ph 1 requisition; bills of sales, conveyances Legal Counsel - Infrastructure acquisition & Ph 1 projectcommencement Legal Counsel - Review of Ph II acquisition and preparation of conveyance

Project (Construction) Fund at 9/30/16 Interest Earnedthru 9/30/17 Requisitions Paid thru 9/30/17
Remaining Project (Construction) Fund

8

$	3,500.00

$

$  2,013,072.16

$

2,642.11

$

475.43
961.25
$ 6,336,412.59

$	1,396.08
$	1,432.16

$

$	1,430.76

$

1,817.94

$

2,264.90

$

1,734.20
863.85

s	1,075.93

$	986.91
$	1,227.20

$

s	1,407.85
0.50
$	15,638.28

$

$  6,320,790.70

$

15,638.28
(6,336,412.59)

$	16.39

Tapestry
COMMUN ITY DEVELOPMENT DISTRICT
Special Assessment Revenue Bonds, Series 2016

Date Fiscal Year 2018
3/6/18
4/13/18

10/1/17
11/1/17
12/1/17	IInntteerreesstt
Interest		$	O.Ql
$	0.01
$	0.01	
1/1/18	Interest		$	0.01	
1/29/18	Hopping Green & Sams	Stop Payment on check #645172 - Requisition #14	$	
2/1/18	Interest		$	0.06	
2/2/18	Transfer In		$	4,289.06	
3/1/18	Interest		$	4.40	
4/2/18	Interest		$	2.84	
5/1/18	Transfer In		$	5,284.82	

Fiscal Year 2018

Requisition #		Contractor Hopping Green & Sams
11	Hopping Green & Sams TOTAL

Reissuance of Requisition #14 Reissuance of Requisition #11

Description

Requisition
$	2,783.50
$
3,258.93

5/1/18
6/1/18
7/1/18
8/1/18
9/1/18

Interest Interest Interest Interest Interest

TOTAL

Project (Construction) Fund at 9/30/17 Interest Earned thru 09/30/19 Requisitions Paid thru 09/30/18

Remaining Project (Construction) Fund

s	2.18
s	9.35
s	9.61
s	10.42
s	10.52
10,098.73
s	16.39
$	10,098.73
$	(3,258.93)
$	6,856.19

Date Fiscal Year 2019

Re9ufsltfon #	Contractor

Desuletlon

Resulsltion

Fiscal Year 2019 10/1/18
10/24/18
11/1/18
12/3/18
1/2/19
2/1/19
3/1/19
4/1/19
4/1/19
5/1/19
6/3/19

Interest Transfer In Interest Interest Interest Interest Interest Interest Transfer In Interest Interest

TOTAL

TOTAL

Project (construction) Fund at 9/30/18 Interest Earned thru 06/30/19 Requisitions Paid thru 06/30/19

Remaining Project (Construction) Fund

9

$
s	10.55
s	3,869.25
s	13.59

s

s	18.45

s	20.85

19.85
s	18.94
s	21.12
$	4,908.26
$	20.89
$
$	8,952.35

$	6,856.19
$	8,952.35
$
$	15,808.54

SECTION 3

1\'1.ARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

April 24, 2019 

Ms. Stacie Vanderbilt Recording Secretary
Tapestry Community Development District 1 35 W. Central Blvd.
Suite 320
Orlando, FL 32801

1,:	'J I  I •.-I •:-·••-t,   ■I 1•
,..,...£•� ,_I �.... ·.1.·I -   '   .
...

RE:	Tapestry Community Development District - Registered Voters Dear Ms. Vanderbilt:
Thank you for your letter of April 16, 2019 requesting confirmation of the number of registered voters within the Tapestry Community Development District as of April 15, 2019.
The number of registered voters within the Tapestry CDD is 618 as of April 1 5, 201 9. If I can be of further assistance please contact me at 407 .742.6000.

ni, - �

Respectfully yours,

M ary Jane Arrington
Supervisor of Elections

RECEIVED APR 2 6 2019
BY: 	

2509 East lrlo Bronson Hwy. • Kissimmee, FL 34 744 407. 742. 6000 • Fax: 407 .742.600 1 • www. voteosceola.rnm

SECTION 4

NOTICE OF MEETINGS TAPESTRY COMMUNITY DEVELOPMENT DISTRICT
Fiscal Year 2020
As required by Chapter 190 Florida Statutes, notice is being given that the Board of Supervisors of the Tapestry Community Development District does not meet on a regular basis but will separately publish notice of meetings at least seven days prior to each Board meeting to include the date, time and location of said meetings. Meetings may be continued to a date, time, and place to be specified on the record at the meeting.
There may be occasions when one or more Supervisors will participate by telephone.
Any person requiring special accommodations at a meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service 1-800-955-8770, for aid in contacting the District Office.
Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
George S. Flint
Governmental Management Services - Central Florida, LLC District Manager

S ECTl·ON 5

7/16/20 19	Results - Rorida Commission on Ethics

271 81 5 201 8 Herskovitz, Amy

public.ethics.state.fl.us/results.cfm

Tapestry
Community Development District­
Board of
Supervisors

Form 1
withSeminole CountY. SOE

�1 Form Receipt Not Recorded

1/1