RESOLUTION 2024-05 



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. ________________________ is elected Secretary. 



Section 4. ________________________ is elected Assistant Secretary. 

________________________ is elected Assistant Secretary. 

________________________ is elected Assistant Secretary. 

________________________ is elected Assistant Secretary. 



Section 5. ________________________ is elected Treasurer. 



Section 6. ________________________ is elected Assistant Treasurer. 

________________________ is elected Assistant Treasurer. 



Section 7. This Resolution shall become effective immediately upon its adoption. 



PASSED AND ADOPTED this 26th day of June, 2024. 





ATTEST: TAPESTRY COMMUNITY 
DEVELOPMENT DISTRICT 









_________________________________ ____________________________________ 

Secretary/Assistant Secretary Chairperson/Vice-Chairperson 


MINUTES OF MEETING 

TAPESTRY 

COMMUNITY DEVELOPMENT DISTRICT 

 

 The regular meeting of the Board of Supervisors of the Tapestry Community Development 
District was held Wednesday, March 27, 2024, at 11:30 a.m. in the Hart Memorial Central Library, 
211 E. Dakin Avenue, Room 120, Kissimmee, Florida 

 

 Present and constituting a quorum were: 

 

 Thomas Franklin Vice Chairman 

 Duane Owen Assistant Secretary 

 Anderson Moran Assistant Secretary 

 

 

 Also present were: 

 

 

 Tricia Adams District Manager 

 Bennett Davenport District Counsel via Zoom 

 Lindsay Whelan District Counsel via Zoom 

 Jarett Wright Field Manager 

 

 

FIRST ORDER OF BUSINESS Roll Call 

 Ms. Adams called the meeting to order at 11:30 a.m. and called the roll. 

 

SECOND ORDER OF BUSINES Public Comment Period 

 There being no comments, the next item followed. 

 

THIRD ORDER OF BUSINESS Organizational Matters 

A. Acceptance of Resignation of Ralph “Chuck” Bell 


 

On MOTION by Mr. Owen seconded by Mr. Franklin with all in 
favor Chuck Bell’s resignation was accepted. 

 

 


B. Appointment of Individuals to Fill Vacancies in Seats 2 & 4 


 

On MOTION by Mr. Moran seconded by Mr. Franklin with all in 
favor Raymond Sanchez was appointed to fill the unexpired term of 
office of seat 2. 

 

C. Administration of Oath of Office to Newly Elected Supervisor(s) 
D. Consideration of Resolution 2024-01 Electing Officers 


Items C and D were tabled. 

 

FOURTH ORDER OF BUSINESS Approval of the Minutes of the June 10, 2023 
Meeting 

 

On MOTION by Mr. Owen seconded by Mr. Franklin with all in 
favor the Minutes of the June 10, 2023 meeting were approved as 
presented. 

 

FIFTH ORDER OF BUSINESS Ratification of Agreement with Grau & 
Associates to Provide Auditing Services for 
Fiscal Year 2023 

 

On MOTION by Mr. Franklin seconded by Mr. Owen with all in 
favor the Agreement with Grau & Associates to perform the Fiscal 
Year 2023 Audit was ratified. 

 

SIXTH ORDER OF BUSINESS Ratification of Proposals from Blade Runners 
for Landscape Enhancements 

 Ms. Adams stated Blade Runners is the vendor the Board entered into an agreement with 
to provide landscape services. Landscape enhancements were funded as part of the current budget 
to replace landscaping that had aged out or deteriorated. These were approved by Vice Chair 
Franklin on November 9, 2023. 

 Mr. Wright stated the replacements were completed and they are starting to come into 
bloom now. 

 

 


On MOTION by Mr. Moran seconded by Mr. Owen with all in favor 
proposals 531 in the amount of $4,860.50 and 532 in the amount of 
$3,448.00 from Blade Runners for landscape enhancement were 
ratified. 

 

SEVENTH ORDER OF BUSINESS Consideration of Resolution 2024-02 
Approving a Proposed Fiscal Year 2025 
Budget and Setting a Public Hearing 

 Ms. Adams stated Resolution 2024-02 approves the proposed Fiscal Year 2025 budget and 
sets a public hearing for June 26, 2024. Subsequent to the publication of this agenda packet District 
counsel did identify that there was a typo on this resolution and I will point that out as we go 
through the resolution. The time of the public hearing is 11:30 a.m. not 11:30 p.m. We are required 
to provide a copy of the proposed budget to the City of Kissimmee and to Osceola County at least 
60 days prior to the public hearing. Adoption of the reolution also approves posting the proposed 
budget on the Tapestry CDD website and allows us to notice the public hearing in accordance with 
Florida Statutes. Attached to the resolution is a copy of the proposed budget as an exhibit. This 
proposed budget does not propose any increase in assessments. There is also a lengthy narrative 
that explains each line item. 

 

On MOTION by Mr. Franklin seconded by Mr. Owen with all in 
favor Resolution 2024-02 Approving the Proposed Fiscal Year 2025 
Budget and Setting the Public Hearing for June 26, 2024 was 
approved, as amended. 

 

EIGHTH ORDER OF BUSINESS Consideration of Resolution 2024-03 Relating 
to the General Election and Qualifying 
Procedures 

 Ms. Adams stated Resolution 2024-03 announces seats that will transition to the general 
election process in November 2024. Seats 3, 4 and 5 are scheduled for the general election in 
November 2024. We are required to announce on the record the qualifying period, which is from 
noon June 10, 2024 and closes at noon, June 14, 2024. Qualified electors will need to go to the 
elections office in order to qualify to be on the ballot for November 2024. If only one person 
qualifies for the seat it won’t be on the general election ballot because it is an uncontested election. 
If more than one person qualifies for a seat then it will be on the ballot. 


 Mr. Davenport stated it is straight forward. Each of the terms for all three seats will be 
four-years and the elected candidates will assume office the Tuesday after the general election. 

 Mr. Franklin stated if no one in the community qualifies are we still able to appoint another 
supervisor so we can always have a quorum? 

 Ms. Adams stated if no one qualifies for the seats then the seats are declared vacant and 
the Board has the ability to appoint a qualified elector. In the absence of a qualified elector, the 
incumbent Board members can sit on the Board for a carry-over period. 

 Mr. Franklin asked if we appoint someone, is that for four years? 

 Ms. Adams stated the appointment would typically be for the term of the seat. 

 

On MOTION by Mr. Franklin seconded by Mr. Moran with all in 
favor Resolution 2024-03 Relating to the General Election and 
Qualifying Procedures was approved. 

 

NINTH ORDER OF BUSINESS Consideration of Resolution 2024-04 
Authorizing District Manager to Establish an 
Investment Account 

 Ms. Adams stated over the years you have built up surplus funds that are not needed for 
the immediate operation of the District. This hasn’t been a significant financial issue because the 
interest rates in the money market accounts were less than 1% but now the money market accounts 
are about 5.15%. That would be with Bank United and there is an investment option with the State 
Board of Administration, which is an investment pool for Florida governments. This District has 
adopted investment guidelines in accordance with Florida Statutes, which includes the money 
market and investment pool. Both options will be inserted into Resolution 2024-04. Right now the 
interest rate with the SBA is around 5.6%. Typically, we keep about three-months of operating 
expenses in the general fund primary banking account, the other general fund account would be in 
the investment and as money is needed it can be transmitted back to the District. 

 

On MOTION by Mr. Moran seconded by Mr. Franklin with all in 
favor Resolution 2024-04 Authorizing District Manager to Establish 
an Investment Account was approved. 

 

 


TENTH ORDER OF BUSINESS Staff Reports 

A. Attorney 
i. CDD Ethics Training Requirement 


 Mr. Davenport stated at the beginning of this year public officers including supervisors of 
CDDs are required to complete four hours of ethics training every year. The commission on ethics 
has compiled a list of resources for this training and my firm has abrogated those resources links 
to the websites. On your form 1 you are going to have to certify that you have completed the ethics 
training for the year prior. You will certify completion of your ethics training this year when you 
file your 2025 form 1. When you file the 2024 form 1, you can leave the box for the ethic training 
blank this year. 

 In prior years you have been able to file the form 1 by paper and that has recently switched 
to all electronic filing. 

 

B. Engineer 


 There being no comments, the next item followed. 

 

C. Manager 


 i. Approval of Check Register 

 

On MOTION by Mr. Franklin seconded by Mr. Owen with all in 
favor the check registers were approved. 

 

ii. Balance Sheet and Income Statement 


 A copy of the balance sheet and income statement were included in the agenda package. 

 

iii. Presentation of Arbitrage Rebate Report for the Series 2016 Bonds 


 Ms. Adams stated the District issued tax exempt bonds to fund the construction of the 
infrastructure. There is a requirement that the District does not earn more interest than what we 
are paying. At certain intervals the District is required to report to the IRS. We run these arbitrage 
reports each year. On page 4 of the report there is a line that says based on our computations no 
rebate or yield restriction liability exists. This report verifies that there is no arbitrage issue. 

 


On MOTION by Mr. Moran seconded by Mr. Franklin with all in 
favor the Arbitrage Rebate Calculation Report for the Series 2016 
bonds was accepted. 

 

D. Field Manager’s Report 


 Mr. Wright gave an overview of the field manager’s report, copy of which was included in 
the agenda package. 

 

ELEVENTH ORDER OF BUSINESS Supervisor’s Requests 

 There being no comments, the next item followed. 

 

TWELFTH ORDER OF BUSINESS General Audience Comments 

 There being no comments, the next item followed. 

 

THIRTEENTH ORDER OF BUSINESS Adjournment 

 

On MOTION by Mr. Franklin seconded by Mr. Moran with all in 
favor the meeting adjourned at 12:15 p.m. 

 

 

 

 

 

 

Secretary/Assistant Secretary Chairman/Vice Chairman 

 

 


RESOLUTION 2024-06 



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



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



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



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



WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least 
two days before the public hearing; and 



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



WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall 
project the cash receipts and disbursements anticipated during a given time period, including reserves for 
contingencies for emergency or other unanticipated expenditures during the fiscal year. 



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



SECTION 1. BUDGET 



a. 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. 



b. 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, 2025.” 




c. The Adopted Budget shall be posted by the District Manager on the District’s official 
website within thirty (30) days after adoption and shall remain on the website for at least 2 
years. 

 

 SECTION 2. APPROPRIATIONS 

 

 There is hereby appropriated out of the revenues of the District, for Fiscal Year 2024/2025, 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 as set forth in Exhibit A: 

 

 SECTION 3. BUDGET AMENDMENTS 

 

 Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2024/2025 
or within 60 days following the end of the Fiscal Year 2024/2025 may amend its Adopted Budget for that 
fiscal year as follows: 

 

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


 

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


 

c. Any other budget amendments shall be adopted by resolution and consistent with Florida 
law. 


 

 The District Manager or Treasurer must ensure that any amendments to the budget under paragraph 
c. above are posted on the District’s website within 5 days after adoption and remain on the website for at 
least 2 years. 

 

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon 
adoption. 

 

PASSED AND ADOPTED THIS 26th DAY OF JUNE 2024. 

 

ATTEST: TAPESTRY COMMUNITY 
DEVELOPMENT DISTRICT 

 

_____________________________ 

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

 

Exhibit A: FY 2024/2025 Budget 

 

 

 

 


Exhibit A: 

 

FY 2024/2025 Budget 

 


RESOLUTION 2024-07 



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 
2024/2025; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF 
SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES 
AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; 
PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING 
A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. 



WHEREAS, the Tapestry Community Development District (“District”) is a local unit of specialpurpose 
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 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 has determined to undertake 
various operations and maintenance and other activities described in the District’s budget (“Adopted 
Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 
2024/2025”), attached hereto as Exhibit A; and 



WHEREAS, pursuant to Sections 190.021 and 190.022, Florida Statutes, the District may fund 
the Adopted Budget through the levy and imposition of special assessments on benefitted lands within the 
District, and, regardless of imposition method, pursuant to Sections 190.021, 190.022, and 190.026, and 
Chapters 170 and 197, Florida Statutes, the District may collect such assessments by direct bill or on the 
tax roll or in accordance with other collection measures provided by law; and 



WHEREAS, in order to fund the District’s Adopted Budget, the District’s Board now desires to 
adopt this Resolution setting forth the means by which the District intends to fund its Adopted Budget. 



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



1. OPERATIONS AND MAINTENANCE ASSESSMENTS. 
a. Benefit Findings. The provision of the services, facilities, and operations as 
described in Exhibit A confers a special and peculiar benefit to the lands within 
the District, which benefit exceeds or equals the cost of the assessments. The 
allocation of the assessments to the specially benefitted lands is shown in Exhibits 
A and B and is hereby found to be fair and reasonable. 
b. Assessment Imposition. Pursuant to Sections 190.021 and 190.022, Florida 
Statutes, a special assessment to fund the Adopted Budget is hereby levied and 
imposed on benefitted lands within the District and in accordance with Exhibits A 
and B. The lien of the special assessments for operations and maintenance imposed 
and levied by this Resolution shall be effective upon passage of this Resolution. 












2. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST. Pursuant to 
Sections 190.021, 190.022, and 190.026, Florida Statutes, the District is authorized to 
collect and enforce the special assessments as set forth below. 
a. Tax Roll Assessments. If and to the extent indicated in Exhibits A and B, certain 
of the operations and maintenance special assessments (if any) and/or previously 
levied debt service special assessments (if any) imposed on the “Tax Roll 
Property” identified in Exhibit B shall be collected at the same time and in the 
same manner as County taxes in accordance with Chapter 197 of the Florida 
Statutes. The District’s Board finds and determines that such collection method is 
an efficient method of collection for the Tax Roll Property. 
b. 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. 





 

 

 

 

3. ASSESSMENT ROLL; AMENDMENTS. 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. 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. 


 

 

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


 

 

5. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption 
of this Resolution by the Board. 


 

 

[CONTINUED ON NEXT PAGE] 

 

 

 


PASSED AND ADOPTED this 26th day of June 2024. 



ATTEST: TAPESTRY COMMUNITY 
DEVELOPMENT DISTRICT 





_____________________________ By: 

Secretary / Assistant Secretary 

Its: 





Exhibit A: Budget 

Exhibit B: Assessment Roll (identifying Tax Roll Property) 










RESOLUTION 2024-08 
A RESOLUTION OF THE BOARD OF SUPERVISORS OF 
THE TAPESTRY COMMUNITY DEVELOPMENT 
DISTRICT DECLARING VACANCIES IN SEATS THREE, 
FOUR AND FIVE OF THE BOARD OF SUPERVISORS 
PURSUANT TO SECTION 190.006(3)(b), FLORIDA 
STATUTES; AND PROVIDING FOR SEVERABILITY AND 
AN EFFECTIVE DATE. 



WHEREAS, the Tapestry Community Development District (“District”) is a local unit of 
special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and 



WHEREAS, on November 5, 2024, three members of the Board of Supervisors (“Board”) 
were to be elected by the “Qualified Electors” of the District, as that term is defined in Section 
190.003, Florida Statutes; and 



WHEREAS, the District published a notice of qualifying period set by the Supervisor of 
Elections at least two (2) weeks prior to the start of said qualifying period; and 



 WHEREAS, at the close of the qualifying period there were no Qualified Electors 
qualified to run for any of the seats available for election by the Qualified Electors of the District; 
and 



WHEREAS, pursuant to Section 190.006(3)(b), Florida Statutes, the Board shall declare 
the seats vacant, effective the second Tuesday following the general election; and 



WHEREAS, a Qualified Elector is to be appointed to the vacant seat within 90 days 
thereafter; and 



WHEREAS, the Board finds that it is in the best interests of the District to adopt this 
Resolution declaring the seat available for election as vacant. 



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



1. DECLARATION OF VACANT BOARD SUPERVISOR SEAT. The 
following seat is hereby declared vacant effective as of November 19, 2024: 




Seat #3 (currently held by Tom Franklin) 

Seat #4 (currently held by Rocky Owen) 

Seat #5 (currently held by Robert Price) 



2. INCUMBENT BOARD SUPERVISORS. Until such time as the Board 
nominates Qualified Electors to fill the vacancies declared in Section 1 above, the incumbent 


Board Supervisors for Seats 3, 4, and 5 shall remain in office. 

 

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

 

4. EFFECTIVE DATE. This Resolution shall become effective upon its passage. 

 

 PASSED AND ADOPTED this 26th day of June 2024. 

 

 

 ATTEST: TAPESTRY COMMUNITY DEVELOPMENT 
DISTRICT 

 

 

 

_____________________________ ____________________________________ 

Assistant Secretary Chairperson, Board of Supervisors 

 

 

 

 

 


TAPESTRY 
COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
FINANCIAL REPORT 
FOR THE FISCAL YEAR ENDED 
SEPTEMBER 30, 2023 

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 
OTHER INFORMATION 
Data Elements required by FL Statute 218.39 (3) (c) 23 
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 
24-25 
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 
26 
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES 
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 27-28 

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 Audit of the Financial Statements 
Opinions 
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, 2023, and the related notes to the financial statements, which collectively comprise the 
District’s basic financial statements as listed in the table of contents. 
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective 
financial position of the governmental activities and each major fund of the District as of September 30, 2023, 
and the respective changes in financial position thereof for the fiscal year then ended in accordance with 
accounting principles generally accepted in the United States of America. 
Basis for Opinions 
We conducted our audit in accordance with auditing standards generally accepted in the United States of 
America (GAAS) and the standards applicable to financial audits contained in Government Auditing 
Standards, issued by the Comptroller General of the United States. Our responsibilities under those 
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements 
section of our report. We are required to be independent of the District and to meet our other ethical 
responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the 
audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 
Responsibilities of Management for the Financial Statements 
The District’s management is responsible for the preparation and fair presentation of the financial statements 
in accordance with accounting principles generally accepted in the United States of America; and for the 
design, implementation, and maintenance of internal control relevant to the preparation and fair presentation 
of financial statements that are free from material misstatement, whether due to fraud or error. 
In preparing the financial statements, management is required to evaluate whether there are conditions or 
events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a 
going concern for twelve months beyond the financial statement date, including any currently known 
information that may raise substantial doubt shortly thereafter. 
Auditor’s Responsibilities for the Audit of the Financial Statements 
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free 
from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our 
opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is 
not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement 
when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one 
resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the 
override of internal control. Misstatements are considered material if there is a substantial likelihood that, 
individually or in the aggregate, they would influence the judgment made by a reasonable user based on the 
financial statements. 

2 
In performing an audit in accordance with GAAS, we: 
.. Exercise professional judgment and maintain professional skepticism throughout the audit. 
.. Identify and assess the risks of material misstatement of the financial statements, whether due to 
fraud or error, and design and perform audit procedures responsive to those risks. Such procedures 
include examining, on a test basis, evidence regarding the amounts and disclosures in the financial 
statements. 
.. Obtain an understanding of internal control relevant to the audit in order to design audit procedures 
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the 
effectiveness of the District’s internal control. Accordingly, no such opinion is expressed. 
.. Evaluate the appropriateness of accounting policies used and the reasonableness of significant 
accounting estimates made by management, as well as evaluate the overall presentation of the 
financial statements. 
.. Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that 
raise substantial doubt about the District’s ability to continue as a going concern for a reasonable 
period of time. 
We are required to communicate with those charged with governance regarding, among other matters, the 
planned scope and timing of the audit, significant audit findings, and certain internal control–related matters 
that we identified during the audit. 
Required Supplementary Information 
Accounting principles generally accepted in the United States of America require that the management’s 
discussion and analysis and budgetary comparison information be presented to supplement the basic 
financial statements. Such information is the responsibility of management and, although not a part of the 
basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to 
be an essential part of financial reporting for placing the basic financial statements in an appropriate 
operational, economic, or historical context. We have applied certain limited procedures to the required 
supplementary information in accordance with auditing standards generally accepted in the United States of 
America, which consisted of inquiries of management about the methods of preparing the information and 
comparing the information for consistency with management’s responses to our inquiries, the basic financial 
statements, and other knowledge we obtained during our audit of the basic financial statements. We do not 
express an opinion or provide any assurance on the information because the limited procedures do not 
provide us with sufficient evidence to express an opinion or provide any assurance. 
Other Information Included in the Financial Report 
Management is responsible for the other information included in the financial report. The other information 
comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial 
statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other 
information, and we do not express an opinion or any form of assurance thereon. In connection with our audit 
of the financial statements, our responsibility is to read the other information and consider whether a material 
inconsistency exists between the other information and the financial statements, or the other information 
otherwise appears to be materially misstated. If, based on the work performed, we conclude that an 
uncorrected material misstatement of the other information exists, we are required to describe it in our report. 
Other Reporting Required by Government Auditing Standards 
In accordance with Government Auditing Standards, we have also issued our report dated June 10, 2024, on 
our consideration of the District’s internal control over financial reporting and on our tests of its compliance 
with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of 
that report is solely to describe the scope of our testing of internal control over financial reporting and 
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s 
internal control over financial reporting or on compliance. That report is an integral part of an audit performed 
in accordance with Government Auditing Standards in considering the District’s internal control over financial 
reporting and compliance. 
June 10, 2024 

3 
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, 2023. 
Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, 
accompanying notes and supplementary information to the basic financial statements. 
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 ($2,037,630). 
.. The change in the District’s total net position in comparison with the prior fiscal year was $111,757, 
an increase. The key components of the District’s net position and change in net position are 
reflected in the table in the government-wide financial analysis section. 
.. At September 30, 2023, the District’s governmental funds reported combined ending fund balances of 
$1,618,945, an increase of $69,255 in comparison with the prior fiscal year. The total fund balance is 
non-spendable for prepaids and other items, restricted for debt service, assigned to subsequent 
year’s expenditures, 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) governmentwide 
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. 

4 
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 two governmental funds for external reporting. Information is presented separately in 
the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and 
changes in fund balances for the general fund and debt service fund both of 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, liabilities exceeded assets at the close of the most recent fiscal year. 
Key components of the District’s net position are reflected in the following table: 
2023 2022 
Current and other assets $ 1,623,909 $ 1,552,397 
Capital assets, net of depreciation 2,812,138 2,922,293 
Total assets 4,436,047 4,474,690 
Current liabilities 1 33,677 1 34,077 
Long-term liabilities 6,340,000 6,490,000 
Total liabilities 6,473,677 6,624,077 
Net position 
Net investment in capital assets (3,527,862) (3,567,707) 
Restricted 5 70,357 5 31,581 
Unrestricted 9 19,875 8 86,739 
Total net position $ (2,037,630) $ (2,149,387) 
NET POSITION 
SEPTEMBER 30, 
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. 

5 
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 increased during the most recent fiscal year. The majority of the increase 
represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation 
expense. 
Key elements of the change in net position are reflected in the following table: 
2023 2022 
Revenues: 
Program revenues 
Charges for services $ 676,836 $ 676,457 
Operating grants and contributions 30,389 2,843 
General revenues 103 9 5 
Total revenues 7 07,328 6 79,395 
Expenses: 
General government 74,319 76,000 
Maintenance and operations 2 08,621 1 77,282 
Interest 3 12,631 3 18,882 
Total expenses 5 95,571 5 72,164 
Change in net position 1 11,757 1 07,231 
Net position - beginning (2,149,387) (2,256,618) 
Net position - ending $ (2,037,630) $ (2,149,387) 
CHANGES IN NET POSITION 
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year 
ended September 30, 2023 was $595,571. The costs of the District’s activities were primarily funded by 
program revenues, which was comprised primarily of assessments and investment earnings. In total, 
revenues increased over the prior year as a result of an increase in investment earnings. 
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, 2023. 
CAPITAL ASSETS AND DEBT ADMINISTRATION 
Capital Assets 
At September 30, 2023, the District had $3,304,645 invested in capital assets for its governmental activities. 
In the government-wide financial statements depreciation of $492,507 has been taken, which resulted in a net 
book value of $2,812,138. More detailed information about the District’s capital assets is presented in the 
notes of the financial statements. 
Capital Debt 
At September 30, 2023, the District had $6,340,000 Bonds outstanding for its governmental activities. More 
detailed information about the District’s capital debt is presented in the notes of the financial statements. 

6 
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 219 East Livingston Street, Orlando, Florida 32801. 

7 
TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
STATEMENT OF NET POSITION 
SEPTEMBER 30, 2023 
ASSETS 
Cash $ 913,183 
Accounts receivable 975 
Assessments receivable 5,459 
Prepaids and other assets 9,021 
Restricted assets: 
Investments 695,271 
Capital assets: 
Depreciable, net 2,812,138 
Total assets 4,436,047 
LIABILITIES 
Accounts payable 4,964 
Accrued interest payable 128,713 
Non-current liabilities: 
Due within one year 155,000 
Due in more than one year 6,185,000 
Total liabilities 6,473,677 
NET POSITION 
Net investment in capital assets (3,527,862) 
Restricted for debt service 570,357 
Unrestricted 919,875 
Total net position $ (2,037,630) 
Governmental 
Activities 
See notes to the financial statements 

8 
TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
STATEMENT OF ACTIVITIES 
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 
Functions/Programs Expenses 
Primary government: 
Governmental activities: 
General government $ 74,319 $ 74,319 $ - $ - 
Maintenance and operations 208,621 131,499 - (77,122) 
Interest on long-term debt 312,631 471,018 30,389 188,776 
Total governmental activities 595,571 676,836 30,389 111,654 
General revenues: 
Unrestricted investment earnings 103 
Total general revenues 103 
Change in net position 111,757 
Net position - beginning (2,149,387) 
Net position - ending $ (2,037,630) 
Program Revenues 
Net (Expense) 
Revenue and 
Changes in Net 
Position 
Governmental 
Activities 
Operating 
Grants and 
Contributions 
Charges for 
Services 
See notes to the financial statements 

9 
TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
BALANCE SHEET 
GOVERNMENTAL FUNDS 
SEPTEMBER 30, 2023 
General 
ASSETS 
Cash $ 913,183 $ - $ 913,183 
Investments - 695,271 695,271 
Accounts receivable 975 - 975 
Assessments receivable 1,660 3,799 5,459 
Prepaids and other assets 9,021 - 9,021 
Total assets $ 924,839 $ 6 99,070 $ 1,623,909 
LIABILITIES AND FUND BALANCES 
Liabilities: 
Accounts payable $ 4,964 $ - $ 4,964 
Total liabilities 4,964 - 4,964 
Fund balances: 
Nonspendable: 
Prepaids and other items 9,021 - 9,021 
Restricted for: 
Debt service - 699,070 699,070 
Assigned: 
Subsequent year's expenditures 75,458 - 75,458 
Unassigned 835,396 - 835,396 
Total fund balances 919,875 699,070 1,618,945 
Total liabilities and fund balances $ 924,839 $ 6 99,070 $ 1,623,909 
Total 
Governmental 
Funds 
Major Fund 
Debt Service 
See notes to the financial statements

10 
TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS 
TO THE STATEMENT OF NET POSITION 
SEPTEMBER 30, 2023 
Fund balance - governmental funds $ 1,618,945 
Amounts reported for governmental activities in the statement of net 
position are different because: 
Cost of capital assets 3,304,645 
Accumulated depreciation (492,507) 2,812,138 
Accrued interest payable (128,713) 
Bonds payable (6,340,000) (6,468,713) 
Net position of governmental activities $ (2,037,630) 
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. 
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, are reported 
in the government-wide financial statements. 
See notes to the financial statement

11 
TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
STATEMENT OF REVENUES, EXPENDITURES, 
AND CHANGES IN FUND BALANCES 
GOVERNMENTAL FUNDS 
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 
General 
REVENUES 
Assessments $ 205,818 $ 471,018 $ 676,836 
Interest 103 30,389 30,492 
Total revenues 205,921 501,407 707,328 
EXPENDITURES 
Current: 
General government 74,319 - 74,319 
Maintenance and operations 98,466 - 98,466 
Debt service: 
Principal - 150,000 150,000 
Interest - 315,288 315,288 
Total expenditures 172,785 465,288 638,073 
Excess (deficiency) of revenues 
over (under) expenditures 33,136 36,119 69,255 
Fund balances - beginning 886,739 662,951 1,549,690 
Fund balances - ending $ 919,875 $ 699,070 $ 1,618,945 
Total 
Governmental 
Funds 
Major Funds 
Debt Service 
See notes to the financial statements 

12 
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, 2023 
Net change in fund balances - total governmental funds $ 69,255 
Amounts reported for governmental activities in the statement of activities 
(110,155) 
150,000 
2,657 
Change in net position of governmental activities $ 111,757 
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. 
are different because: 
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. 
See notes to the financial statements

13 
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, 2023, one seat is vacant. 
The Board has the responsibility for: 
1. Allocating and levying assessments. 
2. Approving budgets. 
3. Exercising control over facilities and properties. 
4. Controlling the use of funds generated by the District. 
5. Approving the hiring and firing of key personnel. 
6. Financing improvements. 
The financial statements were prepared in accordance with Governmental Accounting Standards Board 
(“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the 
primary government, organizations for which the District is considered to be financially accountable, and other 
organizations for which the nature and significance of their relationship with the District are such that, if 
excluded, the financial statements of the District would be considered incomplete or misleading. There are no 
entities considered to be component units of the District; therefore, the financial statements include only the 
operations of the District. 
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
Government-Wide and Fund Financial Statements 
The basic financial statements include both government-wide and fund financial statements. 
The government-wide financial statements (i.e., the statement of net position and the statement of activities) 
report information on all of the non-fiduciary activities of the primary government. For the most part, the effect 
of interfund activity has been removed from these statements. 
The statement of activities demonstrates the degree to which the direct expenses of a given function or 
segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific 
function or segment. Program revenues include 1) charges to customers who purchase, use or directly 
benefit from goods, services or privileges provided by a given function or segment. Operating-type special 
assessments for maintenance and debt service are treated as charges for services; and 2) grants and 
contributions that are restricted to meeting the operational or capital requirements of a particular function or 
segment. Other items not included among program revenues are reported instead as general revenues. 

14 
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. 
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. 

15 
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: 
a) The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized 
pursuant to the Florida Interlocal Cooperation Act; 
b) Securities and Exchange Commission registered money market funds with the highest credit quality 
rating from a nationally recognized rating agency; 
c) Interest bearing time deposits or savings accounts in qualified public depositories; 
d) 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 acquisition value at the date of donation. 
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend 
assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects 
are constructed. 
Property, plant and equipment of the District are depreciated using the straight-line method over the following 
estimated useful lives: 
Assets Years 
Stormwater 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. 

16 
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. 

17 
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. 
a) Each year the District Manager submits to the District Board a proposed operating budget for the fiscal 
year commencing the following October 1. 
b) Public hearings are conducted to obtain comments. 
c) Prior to October 1, the budget is legally adopted by the District Board. 
d) All budget changes must be approved by the District Board. 
e) The budgets are adopted on a basis consistent with generally accepted accounting principles. 
f) 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, 2023: 
Amortized Cost Credit Risk Maturities 
Fidelity Government Portfolio $ 695,271 S&P AAAm 
Weighted average of the fund 
portfolio: 29 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. 

18 
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 – CAPITAL ASSETS 
Capital asset activity for the fiscal year ended September 30, 2023 was as follows: 
Additions Reductions 
Governmental activities 
Capital assets, being depreciated 
Stormwater system $ 3,304,645 $ - $ - $ 3,304,645 
Total capital assets, being depreciated 3,304,645 - - 3,304,645 
Less accumulated depreciation for: 
Stormwater system (382,352) (110,155) - ( 492,507) 
Total accumulated depreciation (382,352) (110,155) - ( 492,507) 
Total capital assets, being depreciated, net 2,922,293 (110,155) - 2,812,138 
Governmental activities capital assets, net $ 2 ,922,293 $ ( 110,155) $ - $ 2 ,812,138 
Beginning 
Balance 
Ending 
Balance 
Depreciation expense was charged to the maintenance and operations function. 

19 
NOTE 6 – 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, 2023. 
Long-term debt activity for the fiscal year ended September 30, 2023 was as follows: 
Additions Reductions 
Governmental activities 
Bonds payable: 
Series 2016 $ 6,490,000 $ - $ 150,000 $ 6,340,000 $ 155,000 
Total $ 6,490,000 $ - $ 150,000 $ 6,340,000 $ 155,000 
Beginning 
Balance 
Ending 
Balance 
Due Within 
One Year 
At September 30, 2023, the scheduled debt service requirements on the long-term debt were as follows: 
Principal Interest Total 
2024 $ 1 55,000 $ 3 08,912 $ 4 63,912 
2025 160,000 302,326 462,326 
2026 170,000 295,526 465,526 
2027 180,000 288,300 468,300 
2028 185,000 279,660 464,660 
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 $ 6,340,000 $ 4,425,284 $ 10,765,284 
Year ending Governmental Activities 
September 30: 

20 
NOTE 7 – 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 8 – 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. 

21 
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, 2023 
Original & Final 
REVENUES 
Assessments $ 203,354 $ 205,818 $ 2,464 
Interest - 103 103 
Total revenues 203,354 205,921 2,567 
EXPENDITURES 
Current: 
General government 103,771 74,319 29,452 
Maintenance and operations 99,583 98,466 1,117 
Total expenditures 203,354 172,785 30,569 
Excess (deficiency) of revenues 
over (under) expenditures $ - 33,136 $ 33,136 
Fund balance - beginning 886,739 
Fund balance - ending $ 919,875 
Budgeted 
Amounts Actual 
Amounts 
Variance with 
Final Budget - 
Positive 
(Negative) 
See notes to required supplementary information 

22 
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, 2023, the current fiscal year. 

23 
TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 
KISSIMMEE, FLORIDA 
OTHER INFORMATION – DATA ELEMENTS 
REQUIRED BY FL STATUTE 218.39(3)(C) 
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 
UNAUDITED 
Element Comments 
Number of District employees compensated in the last pay period of the 
District’s fiscal year being reported. 
0 
Number of independent contractors compensated to whom nonemployee 
compensation was paid in the last month of the District’s fiscal year 
being reported. 
6 
Employee compensation* $1,000 
Independent contractor compensation $170,764 
Construction projects to begin on or after October 1; (>$65K) Not applicable 
Budget variance report 
See the Schedule of Revenues, Expenditures and 
Changes in Fund Balance - Budget and Actual - 
General Fund 
Ad Valorem taxes; Not applicable 
Non ad valorem special assessments; 
Special assessment rate Operations and maintenance - $133.64 - $289.54 
Debt service - $305.99 - $662.77 
Special assessments collected $676,836 
Outstanding Bonds: see Note 6 for details 
*District does not have employees but supervisors are paid via payroll

951 Yamato Road .. Suite 280 
Boca Raton, Florida 33431 
(561) 994-9299 .. (800) 299-4728 
Fax (561) 994-5823 
www.graucpa.com 
24 
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, 2023, and the related notes to the financial statements, which collectively 
comprise the District’s basic financial statements, and have issued our opinion thereon dated June 10, 2024. 
Report on Internal Control Over Financial Reporting 
In planning and performing our audit of the financial statements, we considered the District’s internal control 
over financial reporting (internal control) to determine the audit procedures that are appropriate in the 
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose 
of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express 
an opinion on the effectiveness of the District’s internal control. 
A deficiency in internal control exists when the design or operation of a control does not allow management or 
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct 
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in 
internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial 
statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a 
deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, 
yet important enough to merit attention by those charged with governance. 
Our consideration of internal control was for the limited purpose described in the first paragraph of this section 
and was not designed to identify all deficiencies in internal control that might be material weaknesses or, 
significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal 
control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies 
may exist that were not identified. 
Report on Compliance and Other Matters 
As part of obtaining reasonable assurance about whether the District’s financial statements are free from 
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, 
contracts, and agreements, noncompliance with which could have a direct and material effect on the 
determination of financial statement amounts. However, providing an opinion on compliance with those 
provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results 
of our tests disclosed no instances of noncompliance or other matters that are required to be reported under 
Government Auditing Standards. 

25 
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. 
June 10, 2024 

951 Yamato Road .. Suite 280 
Boca Raton, Florida 33431 
(561) 994-9299 .. (800) 299-4728 
Fax (561) 994-5823 
www.graucpa.com 
26 
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE 
REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY 
RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 
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, 2023. Management is responsible 
for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s 
compliance based on our examination. 
Our examination was conducted in accordance with attestation standards established by the American 
Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to 
obtain reasonable assurance about whether the District complied, in all material respects, with the specified 
requirements referenced in Section 218.415, Florida Statutes. An examination involves performing 
procedures to obtain evidence about whether the District complied with the specified requirements. The 
nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of 
the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained 
is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide 
a legal determination on the District’s compliance with specified requirements. 
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant 
ethical requirements relating to the examination engagement. 
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the 
fiscal year ended September 30, 2023. 
This report is intended solely for the information and use of the Legislative Auditing Committee, members of 
the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and 
the Board of Supervisors of Tapestry Community Development District, Kissimmee, Florida and is not 
intended to be and should not be used by anyone other than these specified parties. 
June 10, 2024 

951 Yamato Road .. Suite 280 
Boca Raton, Florida 33431 
(561) 994-9299 .. (800) 299-4728 
Fax (561) 994-5823 
www.graucpa.com 
27 
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, 2023 and have issued our 
report thereon dated June 10, 2024. 
Auditor’s Responsibility 
We conducted our audit in accordance with auditing standards generally accepted in the United States of 
America; the standards applicable to financial audits contained in Government Auditing Standards, issued by 
the Comptroller General of the United States; and Chapter 10.550, Rules of the 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 
June 10, 2024, should be considered in conjunction with this management letter. 
Purpose of this Letter 
The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the 
Auditor General 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: 
I. Current year findings and recommendations. 
II. Status of prior year findings and recommendations. 
III. 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. 
June 10, 2024 

28 
REPORT TO MANAGEMENT 
I. CURRENT YEAR FINDINGS AND RECOMMENDATIONS 
None 
II. PRIOR YEAR FINDINGS AND RECOMMENDATIONS 
None 
III. 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: 
1. 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, 2022. 
2. 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, 2023. 
3. 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, 2023. 
4. The name or official title and legal authority of the District are disclosed in the notes to the financial 
statements. 
5. The District has not met one or more of the financial emergency conditions described in Section 
218.503(1), Florida Statutes. 
6. We applied financial condition assessment procedures and no deteriorating financial conditions were 
noted as of September 30, 2023. It is management’s responsibility to monitor financial condition, and 
our financial condition assessment was based in part on representations made by management and 
the review of financial information provided by same. 
7. Management has provided the specific information required by Section 218.39(3)(c) in the Other 
Information section of the financial statements on page 23. 

MEMORANDUM 



TO: District Managers and Secretaries 



FROM: Kutak Rock LLP 



DATE: March 25, 2024 



RE: Public Records 





Recently, we have seen some confusion regarding who is the person ultimately responsible for the 
maintenance of a special district’s (“District”) public records and performing the associated duties. 
The purpose of this memorandum is to clarify the roles of the person(s) responsible for maintaining 
public records. In addition, it provides a form and process for a) the District’s Secretary to designate 
a designee under section 119.011(5), Florida Statutes, and b) the Secretary to appoint a Records 
Management Liaison Officer under section 257.36(5)(a), Florida Statutes. 



It is important to note the distinction between the Secretary and the Records Management Liaison 
Officer. While the Records Management Liaison Officer has some duties related to public records, the 
Records Management Liaison Officer reports to the Secretary, and the Secretary has the ultimate 
responsibility for the District’s public records. 



Records Custodian 

Rule 1.1(2) of the standard Rules of Procedure provided by Kutak Rock provides that the Secretary is 
the District’s official Custodian of Public Records. The Secretary is often an employee of the district 
manager, but sometimes it can be a board member or another person. 



The definition of “Custodian of Public Records” in section 119.011(5), F.S., requires the Custodian of 
Public Records of a District to be an elected or appointed officer charged with the responsibility of 
maintaining the office having public records, or his or her designee. Because the Custodian of Public 
Records must be an elected or appointed officer, a district management company cannot be designated 
as a Custodian of Public Records. Further, should the Secretary designate someone else under section 
119.011(5), F.S., such a designation may not relieve the Secretary of the statutory obligation and so 
such designations should be carefully considered. With that said, it may make sense for the Secretary 
to appoint a designee to be listed as the Custodian of Public Records in standard contract language 
designed to direct public records requests to the appropriate employee of the district manager. 



Records Management Liaison Officer 

Section 257.36(5)(a), Florida Statutes, requires a District to designate a “Records Management Liaison 
Officer.” The standard records retention resolution provided by Kutak Rock provides that the “Records 
Custodian,” as defined therein, appoints the Records Management Liaison Officer. Specifically, it 
provides: 




SECTION 1. The District hereby authorizes the District’s records custodian to 
appoint a Records Management Liaison Officer and report such appointment to the appropriate 
State of Florida agencies. A Records Management Liaison Officer shall be an employee of the 
District or the District Manager. The Board, and the District’s records custodian, shall each 
have the individual power to remove the Records Management Liaison Officer at any time for 
any reason. Immediately following the removal or resignation of a Records Management 
Liaison Officer, the District’s records custodian shall appoint a replacement Records 
Management Liaison Officer. 

SECTION 2. The duties of the Records Management Liaison Officer shall include the 
following: 

A. serve as the District’s contact with the Florida Department of State, State Library and 
Archives of Florida; and 

B. coordinate the District’s records inventory; and 

C. maintain records retention and disposition forms; and 

D. coordinate District records management training; and 

E. develop records management procedures consistent with the below Records Retention 
Policy, as amended; and 

F. participate in the development of the District’s development of electronic record 
keeping systems; and 

G. submit annual compliance statements; and 

H. work with the Florida Department of State, State Library and Archives of Florida to 
establish individual retention schedules for the District, from time to time and as may be 
necessary; and 

I. such other duties as may be assigned by the Board or the District’s records custodian 
in the future. 

 

Form and Process 

Historically, there has not been a formal process to document the Secretary’s designation of a designee 
under section 119.011(5), F.S., or to document the Secretary’s appointment of a Records Management 
Liaison Officer to the Board. To remedy this, we have provided a simple form for the Secretary to 
complete which is attached as Exhibit A hereto. We recommend the following below process. 

 

Records Custodian 

1. The Secretary identifies if there is a need to appoint a designee under section 
119.011(5), F.S., and if so, who that designee should be. 
2. If there is a need, the Secretary completes the first paragraph of Exhibit A and fills in 
the name of the designee in the second paragraph of Exhibit A. 
3. The Secretary then signs the form and includes it in the next agenda under manager’s 
report as an informational item only, as no Board vote is required. 
4. The same process is completed each time a designee is removed or replaced. 


 

Records Management Liaison Officer 

1. The Secretary identifies the person who will be appointed the Records Management 
Liaison Officer under section 257.36(5)(a), F.S. 
2. The Secretary completes the first paragraph of Exhibit A and fills in the name of the 
Records Management Liaison Officer in the third paragraph of Exhibit A. 



3. The Secretary then signs the form and includes it in the next agenda under manager’s 
report as an informational item only, as no Board vote is required. 
4. The same process is completed each time a Records Management Liaison Officer is 
removed or replaced. 


 

Please contact us with any questions. 

 

 


EXHIBIT A 

 

DESIGNATIONS BY SECRETARY RELATED TO PUBLIC RECORDS 

 

 

 

I, __________________, as Secretary of the ____________________________________ District 
(“District”) Board of Supervisors, hereby make the following designation and/or appointment: 

 

 

 

 

______________________________________ is designated as a custodian of public records for the 
District under section 119.011(5), Florida Statutes. Any prior designation of a designee by a 
Secretary is hereby rescinded. 

 

 

AND/OR 

 

 

_____________________________________ is appointed as the District’s Records Management 
Liaison Officer under section 257.36(5)(a), Florida Statutes. Any prior appointment of a Records 
Management Liaison Officer by a Secretary is hereby rescinded. 

 

 

 

 

 ____________________________________ 

 Printed Name:________________________ 

 Secretary, District Board of Supervisors 

 

 Date:_______________________________ 

 

 

 


Kutak Rock LLP 

107 West College Avenue, Tallahassee, FL 32301-7707 
office 850.692.7300 

MEMORANDUM 

TO: DISTRICT MANAGERS 
FROM: KUTAK ROCK LLP - TALLAHASSEE 
DATE: MAY 17, 2024 
RE: RECENTLY ENACTED 2024 LEGISLATION 

HB 7013—the 2024 special districts omnibus bill—has been signed by Governor DeSantis. As a 
result, special districts have new requirements and deadlines spelled out in statute. 

Among other things the bill: 

• 
Requires all special districts to adopt goals and objectives along with performance 
measures and standards to determine if a district has met its goals and objectives; this must 
be done by October 1, 2024. We encourage District Managers to prepare standardized 
draft goals and objectives to be adopted by district boards. Although some district boards 
may wish to establish more detailed goals and objectives specifically tailored to the 
activities of their particular district, the majority may wish to adopt standardized goals and 
objectives that are germane to special districts. Kutak Rock would like to review proposed 
goals and objectives prior to presentation to district boards. 
o 
Each subsequent year, an annual report must be prepared describing the 
goals and objectives achieved or failed to be achieved by the district, as 
well as the performance measures and standards used by the district 
to make this determination. The annual report must be posted on the 
district’s website by December 1. The first of these annual reports is due 
December 1, 2025. 
• 
Beginning with the 2024 elections, establishes a term limit of 12 years for members of a 
popularly elected body governing an independent special district, unless the district’s 
charter provides for more restrictive terms of office. The term limits do not apply to 
community development districts created under Chapter 190, F.S., or an independent 
special district created pursuant to a special act that provides that “any amendment to 
chapter 190 to grant additional powers constitutes a power of that district.” 
• 
Allows the Department of Commerce to declare certain independent special districts 
(excluding community development districts) and community redevelopment districts 

inactive if they report no revenue, expenditures, or debt for five consecutive years 
beginning no earlier than Oct. 1, 2018. 


 

• States that independent special district boundaries shall only be changed by general law or 
special act. This language does not apply to a community development district established 
pursuant to Chapter 190, F.S. 


 






REBATE REPORT 



$7,285,000 



Tapestry Community Development District 



(City of Kissimmee, Florida) 



Special Assessment Revenue Bonds, 



Series 2016 











Dated: April 18, 2016 

Delivered: April 18, 2016 

__________________________________ 



Rebate Report to the Computation Date 

May 1, 2025 

Reflecting Activity Through 

April 30, 2024 











 

 

TABLE OF CONTENTS 

 

 

 

AMTEC Opinion 

3 

 

 

Summary of Rebate Computations / Summary of Yield Restriction Computations 

4 

 

 

Summary of Computational Information and Definitions 

5 

 

 

Methodology 

7 

 

 

Sources and Uses 

8 

 

 

Proof of Arbitrage Yield 

9 

 

 

Bond Debt Service 

11 

 

 

Arbitrage Rebate Calculation Detail Report – Project Fund 

13 

Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund 

14 

Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund 

15 

Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund 

16 

Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits 

17 

 

 

Yield Restriction Calculation Detail Report – Project Fund 

18 

 

 



 


 

 

June 6, 2024 

 

 

Tapestry Community Development District 

 c/o Ms. Katie Costa 

Director of Operations – Accounting Division 

Government Management Services – CF, LLC 

6200 Lee Vista Boulevard, Suite 300 

Orlando, FL 32822 

 

 

Re: 

$7,285,000 Tapestry Community Development District (City of Kissimmee, Florida), 

Special Assessment Revenue Bonds, Series 2016 



 

 

Dear Ms. Costa: 

 

AMTEC has prepared certain computations relating to the above referenced bond issue (the "Bonds") at 
the request of Tapestry Community Development District (the “District”). 

 

The scope of our engagement consisted of preparing computations shown in the attached schedules to 
determine the Rebatable Arbitrage and Yield Restriction Liability as described in Section 103 of the 
Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the 
“Code”), and all applicable Regulations issued thereunder. The methodology used is consistent with 
current tax law and regulations and may be relied upon in determining the rebate liability. Certain 
computational methods used in the preparation of the schedules are described in the Summary of 
Computational Information and Definitions. 

 

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

 

We have scheduled our next Report as of May 1, 2025, the Computation Date. Thank you for this 
engagement and should you have any questions, please do not hesitate to contact us. 

 

 

Very truly yours, 

 

 

 

Michael J. Scarfo 

Senior Vice President 

Trong M. Tran 

Assistant Vice President 



 



SUMMARY OF REBATE COMPUTATIONS 

 

Our computations, contained in the attached schedules, are summarized as follows: 

 

For the May 1, 2025 Computation Date 

Reflecting Activity from April 18, 2016 through April 30, 2024 

 





Fund 

Description 



Taxable 

Inv Yield 



Net 

Income 



Rebatable 

Arbitrage 



Project Fund 

0.351460% 

21,979.81 

(419,583.24) 



Capitalized Interest Fund 

0.257105% 

255.29 

(6,893.17) 



Debt Service Reserve Fund 

1.618825% 

61,867.76 

(156,892.74) 



Cost of Issuance Fund 

0.405522% 

39.20 

(636.00) 



Totals 

0.817726% 

$84,142.06 

$(584,005.15) 



Bond Yield 

4.866432% 



 



Rebate Computation Credits 

(18,353.18) 



Net Rebatable Arbitrage 

$(602,358.33) 



 

 

 

SUMMARY OF YIELD RESTRICTION COMPUTATIONS 

 

Our computations, contained in the attached schedules, are summarized as follows: 

 

For the May 1, 2025 Computation Date 

Reflecting Activity from April 18, 2019 through April 30, 2024 

 





Fund 

Description 



Taxable 

Inv Yield 



Yield Restriction 

Liability 



Project Fund 

0.970239% 

(1,502.45) 



Totals 

0.970239% 

$(1,502.45) 



Bond Yield (+0.125%) * 

4.991432% 



 



 

* 

Pursuant to the Treasury Regulations Section 1.148-2(d)(2), for 
yield restriction purposes, the Bond Yield is adjusted upwardly 
by 0.125% for funds not held in a refunding escrow or allocable 
to replacement proceeds. 



 

 

Based upon our computations, no rebate or yield restriction liability exists. 


SUMMARY OF COMPUTATIONAL INFORMATION 

AND DEFINITIONS 

 

COMPUTATIONAL INFORMATION 

 

1. For the purpose of computing Rebatable Arbitrage and Yield Restriction Liability, investment 
activity is reflected from April 18, 2016, the date of the closing, through April 30, 2024, the 
Computation Period. All nonpurpose payments and receipts are future valued to the Computation 
Date of May 1, 2025. 


 

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


 

3. For investment cash flow, debt service and yield computation purposes, all payments and receipts 
are assumed to be paid or received respectively, as shown on the attached schedules. 


 

4. Purchase prices on investments are assumed to be at fair market value, representing an arm's length 
transaction. 


 

5. During the period between April 18, 2016 and April 30, 2024, the District made periodic payments 
into the Principal and Interest Accounts that were used, along with the interest earned, to provide the 
required debt service payments. 


 

Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide 
debt service funds. The Regulations define a bona fide debt service fund as one that is used 
primarily to achieve a proper matching of revenues with principal and interest payments within each 
bond year. The fund must be depleted at least once each bond year, except for a reasonable 
carryover amount not to exceed the greater of the earnings on the fund for the immediately 
preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately 
preceding bond year. 

 

We have reviewed the Principal and Interest Accounts and have determined that the funds deposited 
have functioned as a bona fide debt service fund and are not subject to the rebate requirement. 

 

DEFINITIONS 

 

6. Computation Date 


 

May 1, 2025. 

 

7. Computation Period 


 

The period beginning on April 18, 2016, the date of the closing, and ending on April 30, 2024. 

 

8. Temporary Period 


 

The period ending three years from the date of the closing during which time arbitrage profits and losses 
may be blended. 

 


9. Yield Restriction Period 


 

The period subsequent to the Temporary Period that proceeds are yield restricted to the yield on the 
Bonds, plus 0.125%. 

 

10. Bond Year 


 

Each one-year period (or shorter period from the date of issue) that ends at the close of business on May 
1st, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds. 

 

11. Bond Yield 


 

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

 

12. Taxable Investment Yield 


 

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

 

13. Issue Price 


 

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

 

14. Rebatable Arbitrage 


 

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

 

15. Yield Restriction Liability 


 

The Rebatable Arbitrage accumulated after the Temporary Period, at the bond yield plus 0.125%. 

 

 

 

 

 

 

 

 

 

 

 

 

 


16. Funds and Accounts 


 

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

 





Fund / Account 



Account Number 



Project 

3380007300 



Capitalized Interest 

3380007319 



Debt Service Reserve 

3380007284 



Cost of Issuance 

3380007293 



Revenue 

3380007328 



Principal 

3380007337 



Prepayment 

3380008684 



Interest 

3380007346 



 

 

METHODOLOGY 

 

Bond Yield 

 

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

 

Investment Yield and Rebate Amount 

 

The methodology used to calculate the Rebatable Arbitrage, as of April 30, 2024, was to calculate the 
future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond 
proceeds, at the yield on the Bonds, to May 1, 2025. This figure was then compared to the future value 
of the deposit of bond proceeds into the various investment accounts at the same yield. The difference 
between the future values of the two cash flows, on May 1, 2025, is the Rebatable Arbitrage. 


$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Delivered: April 18, 2016 

 

 





Sources of Funds 



 



Par Amount 

$7,285,000.00 



Total 

$7,285,000.00 



 

 





Uses of Funds 



 



Project Fund 

$6,318,334.97 



Capitalized Interest Fund 

184,965.03 



Debt Service Reserve Fund 

464,000.00 



Costs of Issuance Account 

172,000.00 



Underwriter’s Discount 

 145,700.00 



Total 

$7,285,000.00 




Prepared by AMTEC (Finance 8.001) 
PROOF OF ARBITRAGE YIELD 
$7,285,000 
Tapestry Community Development District 
(City of Kissimmee, Florida) 
Special Assessment Revenue Bonds, 
Series 2016 
Present Value 
to 04/18/2016 
Date Debt Service @ 4.8664316883% 
11/01/2016 184,965.03 180,258.09 
05/01/2017 292,506.25 278,291.20 
11/01/2017 170,331.25 158,204.14 
05/01/2018 295,331.25 267,788.62 
11/01/2018 168,065.63 148,771.87 
05/01/2019 298,065.63 257,580.51 
11/01/2019 165,709.38 139,800.07 
05/01/2020 300,709.38 247,666.04 
11/01/2020 163,262.50 131,269.89 
05/01/2021 303,262.50 238,043.64 
11/01/2021 160,725.00 123,163.07 
05/01/2022 305,725.00 228,711.08 
11/01/2022 157,643.75 115,130.98 
05/01/2023 307,643.75 219,342.47 
11/01/2023 154,456.25 107,507.64 
05/01/2024 309,456.25 210,277.25 
11/01/2024 151,162.50 100,275.83 
05/01/2025 311,162.50 201,510.95 
11/01/2025 147,762.50 93,418.92 
05/01/2026 317,762.50 196,124.77 
11/01/2026 144,150.00 86,856.76 
05/01/2027 324,150.00 190,675.20 
11/01/2027 139,830.00 80,298.55 
05/01/2028 324,830.00 182,105.35 
11/01/2028 135,390.00 74,099.00 
05/01/2029 330,390.00 176,527.29 
11/01/2029 130,710.00 68,179.37 
05/01/2030 335,710.00 170,949.41 
11/01/2030 125,790.00 62,532.91 
05/01/2031 340,790.00 165,389.74 
11/01/2031 120,630.00 57,152.63 
05/01/2032 345,630.00 159,864.32 
11/01/2032 115,230.00 52,031.32 
05/01/2033 350,230.00 154,387.39 
11/01/2033 109,590.00 47,161.61 
05/01/2034 359,590.00 151,072.17 
11/01/2034 103,590.00 42,486.79 
05/01/2035 363,590.00 145,581.84 
11/01/2035 97,350.00 38,053.13 
05/01/2036 372,350.00 142,090.49 
11/01/2036 90,750.00 33,808.00 
05/01/2037 375,750.00 136,656.73 
11/01/2037 83,625.00 29,691.17 
05/01/2038 383,625.00 132,971.12 
11/01/2038 76,125.00 25,759.47 
05/01/2039 391,125.00 129,206.50 
11/01/2039 68,250.00 22,010.54 
05/01/2040 403,250.00 126,958.44 
11/01/2040 59,875.00 18,403.14 
05/01/2041 409,875.00 122,986.37 
11/01/2041 51,125.00 14,976.08 
05/01/2042 421,125.00 120,430.08 
11/01/2042 41,875.00 11,690.63 
05/01/2043 431,875.00 117,706.49 
11/01/2043 32,125.00 8,547.61 
05/01/2044 437,125.00 113,544.57 

Prepared by AMTEC (Finance 8.001) 
PROOF OF ARBITRAGE YIELD 
$7,285,000 
Tapestry Community Development District 
(City of Kissimmee, Florida) 
Special Assessment Revenue Bonds, 
Series 2016 
Present Value 
to 04/18/2016 
Date Debt Service @ 4.8664316883% 
11/01/2044 22,000.00 5,578.82 
05/01/2045 452,000.00 111,896.77 
11/01/2045 11,250.00 2,718.88 
05/01/2046 461,250.00 108,826.30 
14,039,228.80 7,285,000.00 
Proceeds Summary 
Delivery date 04/18/2016 
Par Value 7,285,000.00 
Target for yield calculation 7,285,000.00 

Prepared by AMTEC (Finance 8.001) 
BOND DEBT SERVICE 
$7,285,000 
Tapestry Community Development District 
(City of Kissimmee, Florida) 
Special Assessment Revenue Bonds, 
Series 2016 
Period Annual 
Ending Principal Interest Debt Service Debt Service 
04/18/2016 
11/01/2016 184,965.03 184,965.03 
05/01/2017 120,000 172,506.25 292,506.25 477,471.28 
11/01/2017 170,331.25 170,331.25 
05/01/2018 125,000 170,331.25 295,331.25 465,662.50 
11/01/2018 168,065.63 168,065.63 
05/01/2019 130,000 168,065.63 298,065.63 466,131.26 
11/01/2019 165,709.38 165,709.38 
05/01/2020 135,000 165,709.38 300,709.38 466,418.76 
11/01/2020 163,262.50 163,262.50 
05/01/2021 140,000 163,262.50 303,262.50 466,525.00 
11/01/2021 160,725.00 160,725.00 
05/01/2022 145,000 160,725.00 305,725.00 466,450.00 
11/01/2022 157,643.75 157,643.75 
05/01/2023 150,000 157,643.75 307,643.75 465,287.50 
11/01/2023 154,456.25 154,456.25 
05/01/2024 155,000 154,456.25 309,456.25 463,912.50 
11/01/2024 151,162.50 151,162.50 
05/01/2025 160,000 151,162.50 311,162.50 462,325.00 
11/01/2025 147,762.50 147,762.50 
05/01/2026 170,000 147,762.50 317,762.50 465,525.00 
11/01/2026 144,150.00 144,150.00 
05/01/2027 180,000 144,150.00 324,150.00 468,300.00 
11/01/2027 139,830.00 139,830.00 
05/01/2028 185,000 139,830.00 324,830.00 464,660.00 
11/01/2028 135,390.00 135,390.00 
05/01/2029 195,000 135,390.00 330,390.00 465,780.00 
11/01/2029 130,710.00 130,710.00 
05/01/2030 205,000 130,710.00 335,710.00 466,420.00 
11/01/2030 125,790.00 125,790.00 
05/01/2031 215,000 125,790.00 340,790.00 466,580.00 
11/01/2031 120,630.00 120,630.00 
05/01/2032 225,000 120,630.00 345,630.00 466,260.00 
11/01/2032 115,230.00 115,230.00 
05/01/2033 235,000 115,230.00 350,230.00 465,460.00 
11/01/2033 109,590.00 109,590.00 
05/01/2034 250,000 109,590.00 359,590.00 469,180.00 
11/01/2034 103,590.00 103,590.00 
05/01/2035 260,000 103,590.00 363,590.00 467,180.00 
11/01/2035 97,350.00 97,350.00 
05/01/2036 275,000 97,350.00 372,350.00 469,700.00 
11/01/2036 90,750.00 90,750.00 
05/01/2037 285,000 90,750.00 375,750.00 466,500.00 
11/01/2037 83,625.00 83,625.00 
05/01/2038 300,000 83,625.00 383,625.00 467,250.00 
11/01/2038 76,125.00 76,125.00 
05/01/2039 315,000 76,125.00 391,125.00 467,250.00 
11/01/2039 68,250.00 68,250.00 
05/01/2040 335,000 68,250.00 403,250.00 471,500.00 
11/01/2040 59,875.00 59,875.00 
05/01/2041 350,000 59,875.00 409,875.00 469,750.00 
11/01/2041 51,125.00 51,125.00 
05/01/2042 370,000 51,125.00 421,125.00 472,250.00 
11/01/2042 41,875.00 41,875.00 
05/01/2043 390,000 41,875.00 431,875.00 473,750.00 
11/01/2043 32,125.00 32,125.00 
05/01/2044 405,000 32,125.00 437,125.00 469,250.00 

 

Prepared by AMTEC (Finance 8.001) 
BOND DEBT SERVICE 
$7,285,000 
Tapestry Community Development District 
(City of Kissimmee, Florida) 
Special Assessment Revenue Bonds, 
Series 2016 
Period Annual 
Ending Principal Interest Debt Service Debt Service 
11/01/2044 22,000.00 22,000.00 
05/01/2045 430,000 22,000.00 452,000.00 474,000.00 
11/01/2045 11,250.00 11,250.00 
05/01/2046 450,000 11,250.00 461,250.00 472,500.00 
7,285,000 6,754,228.80 14,039,228.80 14,039,228.80 

$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Project Fund 

 

 

ARBITRAGE REBATE CALCULATION 

DETAIL REPORT 

 

 FUTURE VALUE @ 

 RECEIPTS BOND YIELD OF 

 DATE DESCRIPTION (PAYMENTS) (4.866432%) 

 

 04/18/16 Beg Bal -6,318,334.97 -9,756,436.86 

 08/05/16 2,182.95 3,322.97 

 09/07/16 1,233.13 1,869.11 

 11/07/16 497.00 747.31 

 01/26/17 1,409.50 2,097.14 

 01/26/17 1,398.50 2,080.78 

 01/26/17 4,893.60 7,281.01 

 02/21/17 4,307,563.04 6,387,705.34 

 04/28/17 3,500.00 5,143.93 

 07/31/17 2,013,072.16 2,922,468.66 

 08/01/17 2,642.11 3,835.16 

 08/01/17 475.43 690.11 

 08/22/17 961.25 1,391.40 

 01/29/18 -475.43 -673.90 

 02/02/18 -4,289.06 -6,077.09 

 03/06/18 2,783.50 3,926.02 

 04/13/18 475.43 667.27 

 05/01/18 -5,284.82 -7,399.49 

 10/24/18 -3,869.25 -5,293.75 

 04/30/19 -4,908.26 -6,550.51 

 10/29/19 -5,269.09 -6,865.95 

 11/01/19 3,500.00 4,559.50 

 02/28/20 1,036.50 1,329.33 

 04/15/20 -3,803.90 -4,848.03 

 09/15/20 1,463.50 1,828.22 

 10/14/20 -500.64 -622.99 

 12/10/20 19,627.26 24,241.79 

 04/15/21 -23.01 -27.95 

 06/02/21 23.38 28.22 

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

 05/01/25 TOTALS: 21,979.81 -419,583.24 

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

 

 ISSUE DATE: 04/18/16 REBATABLE ARBITRAGE: -419,583.24 

 COMP DATE: 05/01/25 NET INCOME: 21,979.81 

 BOND YIELD: 4.866432% TAX INV YIELD: 0.351460% 

 


$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Capitalized Interest Fund 

 

 

ARBITRAGE REBATE CALCULATION 

DETAIL REPORT 

 

 FUTURE VALUE @ 

 RECEIPTS BOND YIELD OF 

 DATE DESCRIPTION (PAYMENTS) (4.866432%) 

 

 04/18/16 Beg Bal -184,965.03 -285,613.16 

 11/01/16 184,965.04 278,344.97 

 05/01/17 255.16 374.86 

 02/02/18 0.12 0.17 

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

 05/01/25 TOTALS: 255.29 -6,893.17 

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

 

 ISSUE DATE: 04/18/16 REBATABLE ARBITRAGE: -6,893.17 

 COMP DATE: 05/01/25 NET INCOME: 255.29 

 BOND YIELD: 4.866432% TAX INV YIELD: 0.257105% 

 


$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Debt Service Reserve Fund 

 

 

ARBITRAGE REBATE CALCULATION 

DETAIL REPORT 

 

 FUTURE VALUE @ 

 RECEIPTS BOND YIELD OF 

 DATE DESCRIPTION (PAYMENTS) (4.866432%) 

 

 04/18/16 Beg Bal -464,000.00 -716,484.13 

 05/01/18 5,284.82 7,399.49 

 10/24/18 3,869.25 5,293.75 

 04/30/19 4,908.26 6,550.51 

 10/29/19 5,269.09 6,865.95 

 04/15/20 3,803.90 4,848.03 

 10/14/20 500.64 622.99 

 04/15/21 23.01 27.95 

 10/22/21 23.38 27.70 

 04/20/22 27.64 31.98 

 10/21/22 1,995.70 2,253.61 

 04/03/23 8,116.68 8,969.45 

 10/11/23 11,624.49 12,527.27 

 04/18/24 12,295.45 12,923.50 

 04/30/24 Bal 466,106.23 489,130.26 

 04/30/24 Acc 2,019.22 2,118.96 

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

 05/01/25 TOTALS: 61,867.76 -156,892.74 

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

 

 ISSUE DATE: 04/18/16 REBATABLE ARBITRAGE: -156,892.74 

 COMP DATE: 05/01/25 NET INCOME: 61,867.76 

 BOND YIELD: 4.866432% TAX INV YIELD: 1.618825% 

 


$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Cost of Issuance Fund 

 

 

ARBITRAGE REBATE CALCULATION 

DETAIL REPORT 

 

 FUTURE VALUE @ 

 RECEIPTS BOND YIELD OF 

 DATE DESCRIPTION (PAYMENTS) (4.866432%) 

 

 04/18/16 Beg Bal -172,000.00 -265,593.25 

 04/18/16 5,000.00 7,720.73 

 04/18/16 27,500.00 42,464.04 

 04/18/16 35,000.00 54,045.14 

 04/18/16 45,000.00 69,486.61 

 04/19/16 5,000.00 7,719.70 

 04/27/16 1,250.00 1,927.86 

 04/29/16 5,000.00 7,709.40 

 05/03/16 44,000.00 67,806.48 

 02/02/18 4,289.06 6,077.09 

 10/24/18 0.14 0.19 

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

 05/01/25 TOTALS: 39.20 -636.00 

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

 

 ISSUE DATE: 04/18/16 REBATABLE ARBITRAGE: -636.00 

 COMP DATE: 05/01/25 NET INCOME: 39.20 

 BOND YIELD: 4.866432% TAX INV YIELD: 0.405522% 

 


$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Rebate Computation Credits 

 

 

ARBITRAGE REBATE CALCULATION 

DETAIL REPORT 

 

 FUTURE VALUE @ 

 RECEIPTS BOND YIELD OF 

 DATE DESCRIPTION (PAYMENTS) (4.866432%) 

 

 05/01/16 -1,650.00 -2,543.42 

 05/01/17 -1,670.00 -2,453.41 

 05/01/18 -1,700.00 -2,380.24 

 05/01/19 -1,730.00 -2,308.53 

 05/01/20 -1,760.00 -2,238.31 

 05/01/21 -1,780.00 -2,157.48 

 05/01/22 -1,830.00 -2,113.96 

 05/01/23 -1,960.00 -2,157.84 

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

 05/01/25 TOTALS: -14,080.00 -18,353.18 

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

 

 ISSUE DATE: 04/18/16 REBATABLE ARBITRAGE: -18,353.18 

 COMP DATE: 05/01/25 

 BOND YIELD: 4.866432% 

 


$7,285,000 

Tapestry Community Development District 

(City of Kissimmee, Florida) 

Special Assessment Revenue Bonds, 

Series 2016 

Project Fund 

 

 

YIELD RESTRICTION CALCULATION 

DETAIL REPORT 

 

 FUTURE VALUE @ 

 RECEIPTS BOND YIELD OF 

 DATE DESCRIPTION (PAYMENTS) (4.991432%) 

 

 04/18/19 Balance -10,861.32 -14,625.96 

 04/30/19 -4,908.26 -6,598.66 

 10/29/19 -5,269.09 -6,912.22 

 11/01/19 3,500.00 4,590.19 

 02/28/20 1,036.50 1,337.75 

 04/15/20 -3,803.90 -4,877.96 

 09/15/20 1,463.50 1,838.57 

 10/14/20 -500.64 -626.45 

 12/10/20 19,627.26 24,372.02 

 04/15/21 -23.01 -28.09 

 06/02/21 23.38 28.36 

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

 05/01/25 TOTALS: 284.42 -1,502.45 

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

 

 ISSUE DATE: 04/18/16 YIELD REDUCTION AMT: -1,502.45 

 COMP DATE: 05/01/25 NET INCOME: 284.42 

 BOND YIELD: 4.991432% TAX INV YIELD: 0.970239% 

 

 


A close-up of a logo
Description automatically generated










Memorandum 



To: Board of Supervisors 



From: District Management 



Date: June 26, 2024 



RE: HB7013 – Special Districts Performance Measures and Standards 



________________________________________________________________________________ 



To enhance accountability and transparency, new regulations were established for all 
special districts, by the Florida Legislature, during their 2024 legislative session. Starting on 
October 1, 2024, or by the end of the first full fiscal year after its creation (whichever comes 
later), each special district must establish goals and objectives for each program and 
activity, as well as develop performance measures and standards to assess the 
achievement of these goals and objectives. Additionally, by December 1 each year (initial 
report due on December 1, 2025), each special district is required to publish an annual 
report on its website, detailing the goals and objectives achieved, the performance 
measures and standards used, and any goals or objectives that were not achieved. 



District Management has identified the following key categories to focus on for Fiscal Year 
2025 and develop statutorily compliant goals for each: 



• Community Communication and Engagement 
• Infrastructure and Facilities Maintenance 
• Financial Transparency and Accountability 




Additionally, special districts must provide an annual reporting form to share with the 
public that reflects whether the goals & objectives were met for the year. District 
Management has streamlined these requirements into a single document that meets both 
the statutory requirements for goal/objective setting and annual reporting. 



The proposed goals/objectives and the annual reporting form are attached as exhibit A to 
this memo. District Management recommends that the Board of Supervisors adopt these 
goals and objectives to maintain compliance with HB7013 and further enhance their 
commitment to the accountability and transparency of the District. 




 

 

 

 

 

 

 

 

 

 

Exhibit A: 

Goals, Objectives and Annual Reporting Form 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Tapestry Community Development District 

 Performance Measures/Standards & 

Annual Reporting Form 

 

October 1, 2024 – September 30, 2025 

 

1. Community Communication and Engagement 

Goal 1.1: Public Meetings Compliance 

Objective: Hold at least three regular Board of Supervisor meetings per year to 
conduct CDD related business and discuss community needs. 

Measurement: Number of public board meetings held annually as evidenced by 
meeting minutes and legal advertisements. 

Standard: A minimum of three board meetings were held during the Fiscal Year. 

Achieved: Yes . No . 

 

 

Goal 1.2: Notice of Meetings Compliance 

Objective: Provide public notice of meetings in accordance with Florida Statutes, 
using at least two communication methods. 

Measurement: Timeliness and method of meeting notices as evidenced by posting 
to CDD website, publishing in local newspaper and via electronic communication. 

Standard: 100% of meetings were advertised per Florida statute on at least two 
mediums (i.e., newspaper, CDD website, electronic communications). 

Achieved: Yes . No . 

 

 

Goal 1.3: Access to Records Compliance 

Objective: Ensure that meeting minutes and other public records are readily 
available and easily accessible to the public by completing monthly CDD website 
checks. 

Measurement: Monthly website reviews will be completed to ensure meeting 
minutes and other public records are up to date as evidenced by District 
Management’s records. 

Standard: 100% of monthly website checks were completed by District 
Management. 

Achieved: Yes . No . 

 

 

 

 


2. Infrastructure and Facilities Maintenance 

Goal 2.1: Field Management and/or District Management Site Inspections 

Objective: Field manager and/or district manager will conduct inspections per 
District Management services agreement to ensure safety and proper functioning of 
the District’s infrastructure. 

Measurement: Field manager and/or district manager visits were successfully 
completed per management agreement as evidenced by field manager and/or 
district manager’s reports, notes or other record keeping method. 

Standard: 100% of site visits were successfully completed as described within 
district management services agreement 

Achieved: Yes . No . 

 

 

Goal 2.2: District Infrastructure and Facilities Inspections 

Objective: District Engineer will conduct an annual inspection of the District’s 
infrastructure and related systems. 

Measurement: A minimum of one inspection completed per year as evidenced by 
district engineer’s report related to district’s infrastructure and related systems. 

Standard: Minimum of one inspection was completed in the Fiscal Year by the 
district’s engineer. 

Achieved: Yes . No . 

 

3. Financial Transparency and Accountability 

Goal 3.1: Annual Budget Preparation 

Objective: Prepare and approve the annual proposed budget by June 15 and final 
budget was adopted by September 30 each year. 

Measurement: Proposed budget was approved by the Board before June 15 and 
final budget was adopted by September 30 as evidenced by meeting minutes and 
budget documents listed on CDD website and/or within district records. 

Standard: 100% of budget approval & adoption were completed by the statutory 
deadlines and posted to the CDD website. 

Achieved: Yes . No . 

 

Goal 3.2: Financial Reports 

Objective: Publish to the CDD website the most recent versions of the following 
documents: Annual audit, current fiscal year budget with any amendments, and 
most recent financials within the latest agenda package. 

Measurement: Annual audit, previous years’ budgets, and financials are accessible 
to the public as evidenced by corresponding documents on the CDD’s website. 

Standard: CDD website contains 100% of the following information: Most recent 
annual audit, most recent adopted/amended fiscal year budget, and most recent 
agenda package with updated financials. 

Achieved: Yes . No . 


 

Goal 3.3: Annual Financial Audit 

Objective: Conduct an annual independent financial audit per statutory 
requirements and publish the results to the CDD website for public inspection, and 
transmit to the State of Florida. 

Measurement: Timeliness of audit completion and publication as evidenced by 
meeting minutes showing board approval and annual audit is available on the 
CDD’s website and transmitted to the State of Florida. 

Standard: Audit was completed by an independent auditing firm per statutory 
requirements and results were posted to the CDD website and transmitted to the 
State of Florida. 

Achieved: Yes . No . 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chair/Vice Chair:____________________________ Date:________________ 

Print Name:_________________________________ 

Tapestry Community Development District 

 

 

 

District Manager:____________________________ Date:________________ 

Print Name:_________________________________ 

Tapestry Community Development District 

 


TAPESTRY COMMUNITY DEVELOPMENT DISTRICT 

REQUEST FOR PROPOSALS 

 

Annual Audit Services for Fiscal Year 2024 

Osceola County, Florida 

 

INSTRUCTIONS TO PROPOSE 

 

 SECTION 1. DUE DATE. Sealed proposals must be received no later than 
Wednesday, July 31, 2024, at 2:00 P.M., at the offices of District Manager, located 219 E. 
Livingston Street, Orlando, FL 32801. Proposals will be publicly opened at that time. 

 

 SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the 
Proposer is assumed to be familiar with all federal, state, and local laws, ordinances, rules, and 
regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no 
way relive it from responsibility to perform the work covered by the proposal in compliance with 
al such laws, ordinances and regulations. 

 

 SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will 
only be awarded to a responsible Proposer who is qualified by experience and licensing to do the 
work specified herein. The Proposer shall submit with its proposal satisfactory evidence of 
experience in similar work and show that it is fully prepared to complete the work to the 
satisfaction of the District. 

 

 SECTION 4. SUBMISSION OF ONLY ONE PROPOSAL. Proposers shall be 
disqualified and their proposals rejected if the District has reason to believe that collusion may 
exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on 
any previous or existing contract, or for failure to demonstrate proper licensure and business 
organization. 

 

 SECTION 5. SUBMISSION OF PROPOSAL. Submit one (1) original copy and one 
(1) electronic copy of the Proposal Documents, and other requested attachments at the time and 
place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the 
title “Auditing Services- Tapestry Community Development District” on the face of it. 

 

 SECTION 6. MODIFICATION AND WITHDRAWL. Proposals may be modified or 
withdrawn by an appropriate document duly executed and delivered to the place where proposals 
are to be submitted at any time prior to the time and date the proposals are due. No proposal may 
be withdrawn after opening for a period of ninety (90) days. 

 

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

 

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

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

 

 SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the 
Notice of Award from the District, the Proposer shall enter into and execute a Contract 
(engagement letter) with the District. 

 

 SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as 
or constitute a wavier of District’s limited waiver of liability contained in section 768.28, Florida 
Statutes, or any other statute or law. 

 

 SECTION 12. MISCELLANEOUS. All proposals shall include the following 
information in addition to any other requirements of the proposal documents. 

 

A. List position or title of all personnel to perform work on the District audit. Include 
resumes for each person listed: list years of experience in present position for 
each party listed and years of related experience. 


 

B. Describe proposed staffing levels, including resumes with applicable 
certifications. 


 

C. Three references from projects of similar size and scope. The Proposer should 
include information relating to the work it conducted for each reference as well as 
a name, address and phone number of a contact person. 


 

D. The cost of the provision of the services under the proposal for Fiscal Year 2024, 
2025, 2026, 2027 and 2028. The District intends to enter into five (5) separate 
one-year agreements. 


 

E. Provide a proposed schedule for performance of the audit. 


 

SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be 
filed in writing, at the offices of the District Manager, within seventy-two (72) hours after the 
receipt of the documents. The formal protest setting forth with particularity the facts and law 
upon which the protest is based shall be filed within seven (7) calendar days after the initial 
notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a 
formal written protest shall constitute a waiver of any right to object or protest with respect to 
aforesaid plans, specifications or contract documents. 

 

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the 
evaluation of proposals are presented in the Evaluation Criteria Sheet, contained within the 
Proposal Documents. 


 

AUDITOR SELECTION 

EVALUATION CRITERIA 

 

 

 

1. Ability of Personnel. (20 Points) 


 

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

 

2. Proposer’s Experience. (20 Points) 


 

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

 

3. Understanding of Scope of Work. (20 Points) 


 

Extent to which the proposal demonstrates an understanding of the District’s needs 
for the services requested. 

 

4. Ability to Furnish the Required Services. (20 Points) 


 

Extent to which the proposal demonstrates the adequacy of Proposer’s financial 
resources and stability as a business entity necessary to complete the services 
required (E.g. the existence of any natural disaster plan for business operations). 

 

5. Price. (20 Points) 


 

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


 

TAPESTRY 

COMMUNITY DEVELOPMENT DISTRICT 

REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES 

 

 The Tapestry Community Development District hereby requests proposals for 
annual financial auditing services. The proposal must provide for the auditing of the 
District’s financial records for the Fiscal Year ending September 30, 2024, with an option 
for four (4) additional annual renewals. The District is a local unit of special-purpose 
government created under Chapter 190, Florida Statutes, for the purpose of financing, 
constructing, and maintaining public infrastructure. The District is located in Osceola 
County and has a general administrative operating fund and debt service fund. 

 

The Auditing entity submitting a proposal must be duly licensed under Chapter 173, 
Florida Statutes and be qualified to conduct audits in accordance with “Government 
Auditing Standards,” as adopted by the Florida Board of Accountancy Audits shall be 
conducted in accordance with Florida Law and particularly Section 218.39, Florida 
Statutes, and the rules of the Florida Auditor General. 

 

Proposal packages, which include evaluation criteria and instructions to proposers, are 
available from the District Manager at the address and telephone number listed below. 

 

Proposers must provide one (1) original copy and one (1) electronic copy of their 
proposal to GMS - CF, LLC, District Manager, 219 E. Livingston Street, Orlando, FL 
32801, telephone (407) 841-5524, in an envelope marked on the outside “Auditing 
Services – Tapestry Community Development District.” Proposals must be received 
by Wednesday, July 31, 2024, 2:00 P.M., at the office of the District Manager. Please 
direct all questions regarding this Notice to the District Manager. 

 

 Tricia L. Adams 

 Governmental Management Services – Central Florida, LLC 

 District Manager