BANNON LAKES
Community Development District August 21, 2019

AGENDA

Bannon Lakes Community Development District
Revised Agenda

Wednesday	Governmental Management Services August 21, 2019		475 West Town Place
1:00 p.m.	St. Augustine, Florida 32092
bannonlakescdd.com
Call In # 1-888-757-2790 Code 5097001

Audit Committee

Roll Call

Review and Ranking of Audit Proposals

Other Business

Adjournment

Regular Meeting

Call Order

Public Comment

Affidavit of Publication

Acceptance of Audit Committee Recommendations

Approval of Minutes of the June 5, 2019 Meeting

Acceptance of Audit Committee Minutes of the June 5, 2019 Meeting

Public Hearing to Adopt the Budget for Fiscal Year 2020
Consideration of Resolution 2019-05, Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2020

Consideration of Resolution 2019-06, Imposing Special Assessments and Certifying an Assessment Roll

Consideration of Developer Funding Agreement for Fiscal Year 2019-2020

Presentation of Fiscal Year 2018 Financial Audit

Consideration of Second Amendment for Renewal of Lake Maintenance / Water Management Services with Lake Doctors, Inc.

Consideration of Update to Amenity Policies & Procedures

Consideration of Proposals for Fence Installation for Playground Area

Consideration of Proposals for Pest Control Services

Other Business

Staff Reports
District Counsel

District Engineer

District Manager – Presentation of Annual Meeting Schedule for FY2020

Field Services – Operations Memorandum

Amenity Report - Manager’s Report

Supervisor’s Requests and Audience Comments

Financial Reports
Balance Sheet as of July 31, 2019 and Statement of Revenues & Expenditures

Assessment Receipt Schedule

Approval of Check Register

Consideration of Construction Funding Request No. 20

Next Scheduled Meeting – September 18, 2019 at 1:00 p.m. at the offices of GMS

Adjournment

THIRD ORDER OF BUSINESS

THE ST. AUGUSTINE RECORD
Affidavit of Publication

BANNON LAKES CDD - GMS 475 W TOWN PLACE, STE 114

SAINT AUGUSTINE, FL 32092

ACCT: 15652
AD# 0003197195-01 PO#
PUBLISHED EVERY MORNING SUNDAY THROUGH SATURDAY ST. AUGUSTINE AND ST. JOHNS COUNTY, FLORIDA

STATE OF FLORIDA COUNTY OF ST. JOHNS
Before the undersigned authority personally appeared JULIA KERTI who on oath says he/she is an Employee of the St. Augustine Record, a daily newspaper published at St. Augustine in St. Johns County, Florida; that the attached copy of advertisement being a NOTICE OF HEARING in the matter of ADT FY 2019-2020 BUDGET was published in said newspaper on 07/23/2019, 07/30/2019.

Affiant further says that the St. Augustine Record is a newspaper published at St: Augustine, in St.  Johns  County,  Florida;- and  that the said newspaper heretofore has been continuously published in said St. Johns County, Florida each day and has been entered as second class mail matter at the post office in ·the City of St. Augustine, in said St. Johns County, Florida for a period of one year preceding the first publication of the attached copy of advertisement; and affiant further says the he/she has neither paid nor promised any person, finn or corporation any discount, rebate, commission, or refund for the purpose of securing this advertisement for publication in said newspaper.

BANNONLAKESCOMMUNITY DEVELOPMENT DISTRICT

NOTICEOFPUBLICHEARINGTO CONSIDER THEADO.PilON OF THE FISCALYEAR 2019/2020
BUDGETS; AND NOTICE OF
REGULAR BOARD OF SUPERVISORS' MEETING AND AUDIT COMMITTEE:MEETING,

The 1loard of Supervisors ("Board") of the Bannon Lakes Community Devel­ opment District ("DistrietH) will hold a public hearing on August 21, 2019 at 1:00 p.m. at the offices of Governmen­ tal Management Services, LLC, 475 West Town Place, Suite 114, St. Augus­ tine, Florida 32092, fur the purpose of hearing  comments  and  objections on
the adoption of the proposed budgets ("Proposed Budget") of the District for the fiscal year beginning October 1, 2019 and ending Seytember 30, 2020 ("Fiscal Year 2019/2020 ). A regular board meeting of the District will also be held  at that time where  the Bolll'd
may comidcr any other business that may properly come before it. There will be an Audit Committee meeting at 1:00
{).m.  at   the    above-referenced  location

J: ::N

{immediately prior to tlie onset of the Board of Su1:ervisors' meeting}. The Audit Comillltlce will review, discuss and rank the proposals received to per­ form the  audit for the fucal year ending
r1 1lrWirif?1!!
A  copy  of  the   agenda  and  Proposed
Budget may be obtained at the offices of the District Manager, 475 West Town Place, Suite 114, St Augustine, Florida 32092 ("District Manager's Office"), during nonnal business hours.

111e public hearing and meeting arc 011e11 to the public and will be conducted iu accordance with the provisions ofFlori­ da Jaw. The public bearing and meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions when 'Board Supervisors or Di.strict Staff may participate by speaker telephone.

Any person requirin)S special accommo­ datmns at this mcetmg because of a dis­ ability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to tl1e
meeting. ff you are hearing or speech
lmpnlred, please contact the Florida Re­ lay Service by dialing 7-1-1, or l-600- 955-8771 (TIT) / 1-soo-9ss-a770-
CVoiceJ, for aid in contacting the Dis­ trict Manager's Office,

Each person who decides to appeal any decision made by the Board v.1th re­ spect to aJlf matter considered at tl1e public heanng or meeting  is  aih'lsed that person will need a record of pro­ ceedings and that accordingly, the per­ son may need to ensure that a verbatim record of the proceedings is made, in­ cluding the testimony and  evidence upon which such appeal is to be based.

Jim Oliver District Manager
0003197195 July 23, 30, 2019

Sworn to and subscribed before me this   

day ojlIL 3 0 2019

'-'		who is personally known to me. s produced as identification

Notary Public State of Florida
Kimberly M Reese
My Commission GG 312209
Expires 03/17/2023

FOURTH ORDER OF BUSINESS

Bannon Lakes Community Development District
Auditor Selection  Evaluation Criteria

	Ability of Personnel	
Proposer's Experience	Understanding of Scope	Ability to Furnish the	Price		
			of Work	Required Services			
	(e.g.,  geographic locations
of the firm's headquarters	(e.g., past record and
experience of the Proposer		Extent to which the
proposal demonstrates the	

Points will be awarded based upon the price bid  for the rendering of the services and reasonableness of the price to services.		
	or  permanent office in
relation  to the project;	in similar projects; volume
of work previously	
Extent to which the	adequacy of proposer's
financial resources and			
	capabilities and experience	performed by the firm; past	proposal demonstrates an	stability as a business			
	of key personnel; present	performance for other	understanding of the	entity necessary to		Point Total	
	ability to manage this	Community Development	District's needs for the	complete the services			
	project; evaluation of	Districts in other contracts;	services requested.	required (e.g., the			
	existing workload;	character; integrity;		existence of any natural			
	proposed staffing levels,	reputation of respondent,		disaster plan for business			
	etc.)	etc.)		operations).			
Proposer	20	20	20	20	20	100	

Grau & Associates							

Berner, Toombs, Elam, Gaines & Frank							

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

Proposal to Provide Financial Auditing Services

BANNON LAKES
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: July 15, 2019 - 2:00PM

Submitted to:
Bannon Lakes Community Development District c/o GMS, LLC, District Manager
475 West Town Place, Suite 114 St. Augustine, Florida 32092

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

Table of Contents

PAGE

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

Grau& Associates
CERTlFIED  PUBL-lC ACCOUNTANTS

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

July 15, 2019

Bannon Lakes Community Development District c/o GMS, LLC, District Manager
475 West Town Place, Suite 114 St. Augustine, Florida 32092

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2019, with an option for two (2) additional annual renewals.

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

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

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

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

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

Bannon Lakes Community Development District July 15, 2019

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

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

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

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

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

Very truly yours, Grau & Associates

Antonio J. Grau

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

Firm Qualifications &
Experience

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

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

Grau's Focus and Experience

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

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

I Partners

I Managers	3	3	3	
I Advisory Consultant	1	1	1	

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

I Supervisor/ Seniors	

4	

2	

4	
\ Staff Accountants
I	Total	5

15	1

9	5
15	

Compliance with Government Education Requirements

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

Professional Staff Training

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

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

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

Memberships

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

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

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

Quality Control and Confidentiality

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

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

Results of State and Federal Reviews

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

\.CPA,

.•

FUll'/i fel't lle,l>m P1ou,am
'1 >•c,·-- n(".l,:_ '-'. ;,,!>..,
Fas,;oaa«t,'tieo!Gf;'c,

AICP/i_ Peor Re,l,m Pwg,am N ,.,ls,e, ,"' f"l<,fr>1 ('I !la Flr.sOJJ i"s!bil;;<li(;f'As

March. 2, 2017

Antonio Jose Grau Jr, CPA Grau & Associmes
2700 N Military Tr! Ste 350 Boca Raton, FL 3343l

Dear Mr. Grau:

It is my plca.. ure to notify you that on March 2, 2017 the Florida Peer ReviewCommillcc accepted the report on the most recent system peer review of your firm. The due date for your uext review is December 31, 2019. This is the dale by which all review documents should be compldcd and submitted to the administering entity.

As you know, the report had a peer review raling of pass. The Committee asked me to convey its congratulations !O the firm.

Sincerely,

Pc;..,h.
Paul N. Brown, CPA. COMA
Director of Technical Services

cc: Daniel Joseph Hevia, CPA

fim1 Nun1ber: 4390114	Review Number: 474720

PEER REVIEW PROGRAM
is proud to prc:.ent thi:.
Certificate of Recognition

Grau & Associates

For hav;ng a syslem of qt1ality control for i1s accounting and audltillg practice in eITcct fOr the yenr endt.-d June 30, 2016 which hliS been designed to n cct the r<:quircments orthe quality control standards
for an accounting and auditing practice cstablished_by the AICPA and which was complied with dudng theyear then ended 10 pn)vidc the fim1 with reasonable assurance of conror,ning with professionol standa._rds.

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

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

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

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

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

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

COMMUNiiY IIVELOPMENT DIS'fRICTS	li	,
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Lakeside Plantation Community Development District				9/30	
Lakewood Ranch 1 Community Development District				9/30	
Lakewood Ranch 2 Community Development District				9/30	
Lakewood Ranch 3 Community Development District				9/30	
Lakewood Ranch 4 Community Development District				9/30	
Lakewood Ranch 5 Community Development District				9/30	
Lakewood Ranch 6 Community Development District				9/30	
Legacy Springs Community Development District				9/30	
Legends Bay Community Development District				9/30	
Lexington Community Development District				9/30	
Live Oak Lake Community Development District				9/30	
Live Oak No. 1 Community Development District				9/30	
Long Lake Ranch Community Development District				9/30	
Longleaf Community Development District				9/30	
Lucaya Community Development District				9/30	
Madeira Community Development District				9/30	
Magnolia Park Community Development District				9/30	
Magnolia West Community Development District				9/30	
Main Street Community Development District				9/30	
Mainstreet Community Development District				9/30	
Majorca Isles Community Development District				9/30	
Maple Ridge Community Development District				9/30	
Marsh Harbour Community Development District				9/30	
Marshall Creek Community Development District				9/30	
Mayfair Community Development District				9/30	
Meadow Pines Community Development District				9/30	
Meadow Point I Community Development District				9/30	
Meadow Point Ill Community Development District				9/30	
Meadow Point IV Community Development District				9/30	
Meadow Woods Community Development District				9/30	
Mediterra North Community Development District				9/30	
Mediterra South Community Development District				9/30	
Mediterranea Community Development District				9/30	
Middle Village Community Development District				9/30	
Mira Lago West Community Development District				9/30	
Mirada Community Development District				9/30	
Miramar Lakes Community Development District				9/30	
Montecito Community Development District				9/30	
Monterey/Congress Community Development District				9/30	
Myakka Community Development District				9/30	
Moody River Estates Community Development District				9/30	
Myakka Ranch Community Development District				9/30	

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

COMMUNilY DMLOPMENT DISTRICTS	lC!i
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Portico Community Development District				9/30	
Portofino Cove Community Development District				9/30	
Portofino Isles Community Development District				9/30	
Portofino Landings Community Development District				9/30	
Portofino Shores Community Development District				9/30	
Portofino Springs Community Development District				9/30	
Portofino Vineyards Community Development District				9/30	
Portofino Vista Community Development District				9/30	
Preserve at Wilderness Lake Community Development District				9/30	
Principal One Community Development District				9/30	
Quantum Community Development District				9/30	
Quantum Park Overlay Community Development District				9/30	
Quan-y Community Development District				9/30	
Randal Park Community Development District				9/30	
Remington Community Development District				9/30	
Renaissance Community Development District				9/30	
Reserve Community Development District				9/30	
Reserve 2 Community Development District				9/30	
Reunion East Community Development District				9/30	
Reunion West Community Development District				9/30	
River Bend Community Development District				9/30	
River Glen Community Development District				9/30	
River Hall Community Development District				9/30	
River Place on the St. Lucie Community Development District				9/30	
River Ridge Community Development District				9/30	
Rivercrest Community Development District				9/30	
Rivers Edge Community Development District				9/30	
Sable Palm Community Development District				9/30	
Sall Harbour Community Development District				9/30	
Sampson Creek Community Development District				9/30	
Sandy Creek Community Development District				9/30	
Sausalito Bay Community Development District				9/30	
Seven Oaks I Community Development District				9/30	
Seven Oaks II Community Development District				9/30	
Silver Palms Community Development District				9/30	
Silverado Community Development District				9/30	
Six Mile Creek Community Development District				9/30	
Somerset Community Development District				9/30	
Sonoma Bay Community Development District				9/30	
South Bay Community Development District				9/30	
South Fork Community Development District				9/30	
South Fork East Community Development District				9/30	

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

COMMUNnY DEVELOPMENT DISTIUCTS	l•!i
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Treaty Oaks Community Development District				9/30	
Tree Island Estates Community Development District				9/30	
Treeline Preserve Community Development District				9/30	
Trevesta Community Development District				9/30	
Triple Creek Community Development District				9/30	
TSR Community Development District				9/30	
Turnbull Creek Community Development District				9/30	
Turtle Run Community Development District				9/30	
Tuscany Reserve Community Development District				9/30	
TweIve Oaks Community Development District				9/30	
Two Creeks Community Development District				9/30	
University Place Community Development District				9/30	
University Square Community Development District				9/30	
Urban Orlando Community Development District				9/30	
Valencia Acres Community Development District				9/30	
Vasari Community Development District				9/30	
Venetian Community Development District				9/30	
Venetian Isles Community Development District				9/30	
Venetian Pare Community Development District				9/30	
Verandah Community Development District				9/30	
Verandah East Community Development District				9/30	
Verandah West Community Development District				9/30	
Verandahs Community Development District				9/30	
Verano #1 Community Development District				9/30	
Verano Center Community Development District				9/30	
Verona Walk Community Development District				9/30	
Viera East Community Development District				9/30	
Villa Portofino East Community Development District				9/30	
Villa Portofino West Community Development District				9/30	
Villa Vizcaya Community Development District				9/30	
Village Walk of Bonita Springs Community Development District				9/30	
Villages at Bloomingdale Community Development District				9/30	
Village at Gulfstream Park Community Development District				9/30	
Villages of Glen Creek Community Development District				9/30	
Villages of Westport Community Development District				9/30	
Vista Community Development District				9/30	
Vista Lakes Community Development District				9/30	
Vizcaya in Kendall Community Development District				9/30	
Walnut Creek Community Development District				9/30	
Waterchase Community Development District				9/30	
Watetford Estates Community Development District				9/30	
Waterford Landing Community Development District				9/30	

COMMUNIIY DMLOPMENT DIS11UCIS	'ii	,
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Watergrass Community Development District				9/30	
Waterlefe Community Development District				9/30	
Water's Edge Community Development District				9/30	
Waterset North Community Development District				9/30	
Waterstone Community Development District				9/30	
Wentworth Estates Community Development District				9/30	
West Lake Community Development District				9/30	
West Villages Independent District				9/30	
Westchase Community Development District				9/30	
Westchester Community Development District				9/30	
Westridge Community Development District				9/30	
Willow Creek Community Development District				9/30	
Winding Cypress Community Development District				9/30	
Windsor at Westside Community Development District				9/30	
Winston Trails East Community Development District				9/30	
Winter Garden Village at Fowler Groves Community Development District				9/30	
Woodlands Community Development District				9/30	
World Commerce Community Development District				9/30	
Wyndam Park Community Development District				9/30	
Wynnfield Lakes Community Development District				9/30	
Wynnmere West Community Development District				9/30	
TOTAL	437	3	255		

OTHER GOVERNMENTAL
BNTlTIES	••
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Broward County School District (Joint Venture) (Assessment of Maintenance Operations)							N/A	
Broward Countv School District (Joint Venture, 20%)							6/30	
Florida Community College at Jacksonville (Internal Audit)							6/30	
Florida Transit Association Finance Corooration						6/30	
Highland County School District (Internal Funds Audit)							6/30	
Palm Beach County School District (Assessment of maintenance for Facility and Property Management) (Internal Funds Audit)							6/30	
Palm Beach County School District (Joint Venture, 20%)							6/30	
Migrant Health Services of Palm Beach County							N/A	
South Florida Water Management District							9/30	
South Florida Water Management District CERP Program Management Services (Joint Venture)							NIA	
State of Florida Department of Management Services (Construction)							N/A	
State of Florida Department of Transportation (Overhead Audits -Various)							N/A	
TOTAL	2	3	8	4	2	2		

NON-PROFIT CLIENTS
SERVED
AND
RELATED EXPlBRIENCE	-••
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Aid to Victims of Domestic Abuse, Inc.								6/30	
Alliance for Human Services, Inc.								6/30	
Brevard Workforce Development Board, Inc.								6/30	
Broward Countv Human Riahts Board/Division (Joint Venture, 30%)								N/A	
Broward Education Foundation								6/30	
CareerSource Broward								9/30	
Christian Manor								12/31	
Delray Beach Community Land Trust								9/30	
Fami!v Promise								12/31	
Florida Public Transportation Association, Inc.								9/30	
Florida Transit Association Finance Corporation								9/30	
Hisoanic Human Resources Council								9/30	
Mae Valen Senior Center								6/30	
National Board for Registration of Registrars								3/31	
National Cancer Registration Board								6/30	
North Lauderdale Academy High School								6/30	
Northwood Develonment Cornoration								9/30	
Palm Beach Communitv Collene Foundation								6/30	
Palm Beach County Workforce Development Board (Joint Venture,
25%)								6/30	
Pasco-Hernando Workforce Board								6/30	
Southwest Florida Workforce Development Board								6/30	
Urban League of Palm Beach County								6/30	
TOTAL	9	13	5	13	9	13	6		

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

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

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

Staff Qualifications, Experience	& Resumes

QUALITY AND EXPERIENCE OF FIRM'S ASSIGNED AUDITING PERSONNEL

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

Accounting, Auditing and other: 25 hours	AICPA FICPA FGFOA GFOA	
*ANTONIO S. GRAU, CPA
(Concurring Review Consultant)	Over40	Government Accounting and Auditing: 32 hours

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

Accounting, Auditing and Other: 45 hours	AICPA FICPA FGFOA FASO	

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

.

*Part-time Employee

POSITION DESCRIPTIONS

Engagement Partner
The engagement will be performed under the direct superv1s1on of an Engagement Partner. The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel.

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

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

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

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

Information Technology Consultants and Personnel

.

.

.
CONTINUITY . OFSTAFFAND AUDIT TEAM

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

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

COMPOSITION OF ENGAGEMENT TEAM

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

Grau & Associates

30%

20%

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

Typical Local CPA Firm:

20%

""PARTNERS
!!''MANAGERS
!'\SENIOR
STAFF

VS-

Typical National CPA Firm

10%

!":PARTNERS
!"MANAGERS rsENIOR
"' STAFF

20%

Fifty-five percent of engagement is performed by "Management"

Forty-five percent of engagement is performed by "Management"

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

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

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

Clients Served (partial list)
{>300) Various Special Districts Brevard Workforce Board Broward Education Foundation City of Cooper City
City of Lauderdale Lakes City of Lauderhill
City of Lauderhill General Pension
City of North Lauderdale City of Oakland Park City of Weston
Delray Beach Housing Authority
East Central Regional Wastewater Treatment Facl. Florida Community College at Jacksonville
Florida Department of Management Services Greater Boca Raton Park & Beach District Highland County School District
Hispanic Human Resource Council

Key Largo Water Treatment District Mae Volen Senior Center, Inc.
North Lauderdale Academy High School Orlando Housing Authority
Palm Beach County Workforce Development Board Peninsula Housing Programs
School Board of Broward County School Board of Miami-Dade County School Board of Palm Beach County
South Florida Water Management District Southwest Florida Workforce Development Board Town of Davie
Town of Highland Beach Town of Hypoluxo Village of Golf
Village of Wellington
West Palm Beach Housing Authority

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

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

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

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

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

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

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

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

Professional Associations/Memberships Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants
Past member, State and Local Government Committee, Florida Past member, Quality Review Acceptance Committee, Florida

Institute of Certified Public Accountants (1996-1997) Institute of Certified Public Accountants (1991 -1993)

Past member of BKR International Committee on Government and Non-Profit Accounting and Auditing

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

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

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

Clients Served (partial list)
(>300) Various Special Districts Boca Raton Airport Authority
Brevard Workforce Development Board Broward Education Foundation
Central Broward Water Control District City of Cooper City
City of Pompano Beach (Joint Venture) City of West Park
City of Weston
East Central Reg. Wastewater Treatment Fae. East Naples Fire Control & Rescue District Greater Boca Raton Beach & Park District Key Largo Wastewater Treatment District
Professional Education (over the last two years)

Pinetree Water Control District (Broward/Palm Beach) Ranger Drainage District
San Carlos Park Fire Protection & Rescue District
South Central Reg. Wastewater Treatment & Disposal Bd. South Trail Fire Protection & Rescue
Southwest Florida Workforce Development Board Sun N Lake of Sebring Improvement District Town of Highland Beach
Town of Hypoluxo Town of Lantana
Town of Hillsboro Beach
Village of Golf Village of Wellington

Course
Government Accounting and Auditing Accounting, Auditing and Other
Total Hours

Hours
59
45
104 (includes of 4 hours of Ethics CPE)

Professional Associations/ Memberships

American Institute of Certified Public Accountants Florida Institute of Certified Public Accountants FICPA Young CPAs Committee

FICPA State & Local Government Committee FICPA Atlantic Chapter Board Member FGFOA Palm Beach Chapter

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

References

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

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

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

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

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

Specific Audit Approach

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

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

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

During this phase we will perform the following activities:

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

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

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

Phase III - Completion and Delivery

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

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

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

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

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

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

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

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

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

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

Communications

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

Grau&. Associates
CERTIFIED  PUBLIC ACCOUNTANTS

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2019-2021 are as follows:

Year Ended September 30,

2019

2020

2021
TOTAL
(2019-2021)

 	Fee	

$3,800

$3,900

$4,000

$11.700

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

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

Supplemental Information

Additional Services

CONSULTING/ MANAGEMENT ADVISORY SERVICES

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

Accounting systems
Development of budgets
Organizational structures
Financing alternatives.
IT Auditing

Fixed asset records
Cost reimbursement
Indirect cost allocation
Grant administration and compliance

ARBITRAGE

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

GRAU HAS PROVIDED ARBITRAGE SERVICES FOR
GOVERMENTAL CLIENTS INCLUDING:

Aberdeen Community Development District
Amelia Walk Community Development District
Arlington Ridge Community Development District
Coconut Cay Community Development District
Bartram Springs Community Development District
Bayside Improvement District
Baywinds Community Development District
Beacon Lakes Community Development District
Beacon Tradeport Community Development District
Bobcat Trail Community Development District
Boynton Village Community Development District
Brandy Creek Community Development District
Briger Community Development District
Brighton Lakes Community Development District
Brooks of Bonita Springs Community Development District
Candller Hills East Community Development District
Capital Region Community Development District
Cedar Pointe Community Development District
Championsgate Community Development District
Chevel West Community Development District
City Place Community Development District
Coconut Cay Community Development District
Colonial Country Club Community Development District
Cory Lakes Community Development District Country Greens Community Development District
Creekside Community Development District
Double Branch Community Development District
Dunes Community Development District
Durbin Crossing Community Development District
East Bonita Beach Road Plantation Comm. Development District
East Homestead Community Development District
East Park Community Development District
Enclave at Black Point Marina Community Development District
Falcon Trace Community Development District
Fiddler's Creek Community Development District I
Fiddler's Creek Community Development District II
Fleming Island Plantation Comm. Dev. District
Grand Haven Community Development District
Griffin Lakes Community Development District
Habitat Community Development District
Hamal Community Development District
Hammocks Community Development District
Harbour Lakes Estates Comm. Development District
Harmony Community Development District
Heritage Bay Community Development District

Heritage Palms Community Development District
• Heritage Pines Community Development District Heritage Springs Community Development District
• Huntington Community Development District
• Indigo East Community Development District
• Islands of Doral Ill Community Development District Julington Creek Plantation Comm. Dev. District
Laguna Lakes Community Development District
• Lake Ashton Community Development District
• Lake Ashton II Community Development District
• Lake Powell Residential Golf Community Dev. District
• Lakes By The Bay South Community Dev. District
• Lakewood Ranch 1 Community Development District
• Landmark at Doral Community Development District
• Jurlington Creek Plantation Community Dev. District
Lakewood Ranch 2 Community Development District
• Lakewood Ranch 3 Community Development District Lakewood Ranch 4 Community Development District
• Lakewood Ranch 5 Community Development District
• Lakewood Ranch 6 Community Development District
• Legacy Springs Improvement District No. 1
• Live Oak Community Development District
Main Street Community Development District Marshall Creek Community Development District
• Meadow Pointe II Community Development District
• Mediterra North Community Development District
• Mediterra South Community Development District Mediterranea Community Development District Midtown Miami Community Development District
• Moody River Community Development District
• Monterra Community Development District
• Narcossee Community Development District
• North Springs Improvement District
• Oakstead Community Development District
• Old Palm Community Development District
• Orchid Grove Community Development District
• OTC Community Development District
• Overoaks Community Development District
Palm Glades Community Development District
• Parktands Lee Community Development District
• Parklands West Community Development District
• Parkway Center Community Development District
• Pine Air Lakes Community Development District
• Pine Island Community Development District
• Pine Ridge Plantation Community Development District

ARBITRAGE SERVICES (Continued)

Portofino Cove Community Development District
Portofino Isles Community Development District
Portofino Landings Community Development District Portofino Shores Community Development District Portofino Vista Community Development District
Reunion East Community Development District
Reunion West Community Development District
Ridgewood Trails Community Development District
River Place on the St. Lucie Community Dev. District
Rolling Hills Community Development District
Sampson Creek Community Development District
South Dade Venture Community Development District
South Village Community Development District
Spicewood Community Development District
Split Pine Community Development District
Stonegate Community Development District
Stoneybrook Community Development District
Stoneybrook West Community Development District
The Crossings at Fleming Island Comm. Dev. District
Tison's Landing Community Development District
Treeline Preserve Community Development District
Turnbull Creek Community Development District

Tuscany Reserve Community Development District
University Place Community Development District
Urban Orlando Community Development District
Vasari Community Development District
Verandah East Community Development District
Verandah West Community Development District
Verano Center Community Development District
Villa Portofino East Community Development District
Villa Vizcaya Community Development District
Villages of Westport Comm. Development District
Villasol Community Development District
Vista Lakes Community Development District
Vizcaya Community Development District
Vizcaya in Kendall Community Development District
Walnut Creek Community Development District
Waterchase Community Development District
Waterford Estates Community Development District
Waterstone Community Development District
Wentworth Estates Community Development District
Westchester Community Development District #1
Woodlands Community Development District
Wynnfield Lakes Community Development District

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

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

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

PROPOSAL FOR AUDIT SERVICES

PROPOSED BY:

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

600 Citrus Avenue, Suite 200 Fort Pierce, Florida 34950

(772) 461-6120

CONTACT PERSON:

J. W. Gaines, CPA, Director

DATE OF PROPOSAL:

July 15, 2019

TABLE OF CONTENTS

DESCRIPTION OF SECTION	PAGE
Letter of Transmittal	1-2
Profile of the Proposer
Description and History of Audit Firm	3
Professional Staff Resources	4-5
Ability to Furnish the Required Services	5
Arbitrage Rebate Services	6
Governmental Auditing Experience	7-14
Fee Schedule	15
Scope of Work to be Performed	15
Resumes	16-31
Peer Review Letter	32
Additional Documents Required
Instructions to Proposers	33-34

rCotl,

Berger, Toombs, Elam, Gaines & Frank
Certified  Public Accountants      Pl
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278

July 15, 2019

Bannon Lakes Community Development District Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Dear District Manager:

Thank you very much for the opportunity to present our professional credentials to provide audit services for Bannon Lakes Community Development District.

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants,  PL has assembled  a team of governmental and nonprofit specialists second to none to serve our clients.  Our firm  has the necessary qualifications and experience to serve as the independent auditors  for Bannon Lakes Community Development District. We will provide you with  top  quality, responsive service.

Experience

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a recognized leader in providing services to governmental and nonprofit agencies throughout  Florida.  We  have been the independent auditors for a number of local governmental agencies and through our experience in performing their audits, we have been able to increase our audit efficiency and; therefore, reduce costs. We have continually passed this cost savings on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications in accordance with auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and the standards for financial and compliance audits. We will conduct the audit in  accordance  with  auditing standards generally accepted in the United States of America;  "Government  Auditing Standards" issued by the Comptroller General of the United States; the provisions of the Single Audit Act, Subpart F of Title 2 US ·code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements  for  Federal  Awards, with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up-to-date on all changes that are occurring within the industry.

Member AICPA

Fort Pierce / Stuart
Member AICPA Oivt;n For CPA Firms
Private Companies Practice Section

Member FICPA

C".Fn Berger, Toombs, Elam,
to,, Gaines & Frank

Bannon Lakes Community Development District July 15, 2019

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

To facilitate your evaluation of our qualifications and experience, we have  arranged  this proposal to include a resume of our firm, including our available staff, our extensive prior governmental and nonprofit auditing experience and clients to be contacted.

You need a firm that will provide an efficient, cost-effective, high-quality audit within critical time constraints. You need a firm with the prerequisite governmental and nonprofit experience to perform your audit according to stringent legal and regulatory requirements, a firm that understands the complex nature of community development districts and their  unique compliance requirements. You need a firm with recognized governmental and nonprofit specialists within the finance and governmental communities. And, certainly,  you need a  firm that will provide you with valuable feedback to enhance your current and future operations. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is that firm. J. W. Gaines is the person authorized to make representations for the firm.

Thank you again for the opportunity to submit this proposal to Bannon Lakes Community Development District.

Very truly yours,

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

-. 2 -

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

Professional Staff Resources

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has a total of
27 professional and administrative staff (including 12 professional staff with extensive experience servicing government entities). The work will be performed out  of  our  Fort Pierce office with a proposed staff of one senior accountant and one or two  staff  accountants supervised by an audit manager and audit partner. With the exception of the directors of the firm's offices, the professional staff is not specifically assigned to any of our individual offices. The professional and administrative staff resources available to  you through Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL are as follows:

Partners/Directors (CPA's) Principals (CPA) Managers (CPA)
Senior/Supervisor Accountants (2 CPA's) Staff Accountants (1 CPA)
Computer Specialist Paraprofessional Administrative
Total - all personnel

Total
5
1
1
3
7
1
6
....4.
28

Following is a brief description of each employee classification:

Staff Accountant - Staff accountants work directly under the constant supervision of the auditor-in-charge and, are responsible for the various testing of  documents,  account analysis and any other duties as his/her supervisor believes appropriate. Minimum qualification for a staff accountant is graduation from an accredited university or college with a degree in accounting or equivalent.

Senior Accountant - A senior accountant must possess all the qualifications of the staff accountant, in addition to being able to draft the necessary reports and financial statements, and supervise other staff accountants when necessary.

Managers - A manager must possess the qualifications of the senior accountant, plus be able to work without extensive supervision from the auditor-in-charge. The manager should be able to draft audit reports from start to finish and to supervise the audit team, if  necessary.

Principal - A principal is a partner/director in training. He has been a manager for several years and possesses the technical skills to act as the auditor-in-charge. A principal has no financial interest in the firm.

Partner/Director - The director has extensive governmental auditing  experience  and acts as the auditor-in-charge. Directors have a financial interest in the firm.

Professional Staff Resources (Continued)

Independence - Independence of the public accounting firm, with respect  to  the  audit client, is the foundation from which the public gains its trust in the opinion issued by the  public accounting firm at the end of the audit process. This independence must be in appearance as well as in fact. The public must perceive that the accounting firm is independent of the audit entity to insure that nothing would compromise the opinion  issued by the public accounting firm. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is independent of Bannon Lakes Community Development District, including its elected officials and related parties, at the date of this proposal, as defined  by the following rules, regulations, and standards:

AuSection 220 - Statements on Auditing Standards issued by the American Institute of Certified Public Accountants;

ET Sections 101 and 102 - Code of Professional Conduct of the American Institute of Certified Public Accountants;

Chapter 21A-1, Florida Administrative Code; Section 473.315, Florida Statutes; and,
Government Auditing Standards, issued by the Comptroller General of the United States.
On an annual basis, all members of the firm are required to confirm, in writing, that they have no personal or financial relationships or holding that would impair their independence with regard to the firm's clients.

Independence is a hallmark of our profession. We encourage our staff to use professional judgment in situations where our independence could be impaired or the perception of a conflict of interest might exist. In the governmental sector, public perception is as important as professional standards. Therefore, the utmost care must be exercised by independent  auditors  in the performance of their duties.

Ability to Furnish the Required Services

As previously noted in the Profile of the Proposer section of this document, our firm has been in existence for over 69 years. We have provided audit services to some clients for over 30 years continually. Our firm is insured against physical loss through commercial insurance and we also carry liability insurance. The majority  of our audit  documentation  is stored electronically, both on our office network and on each employee laptop or computer assigned to each specific job. Our office computer network is backed up on tape, so in the event of a total equipment loss, we can restore all data as soon as replacement equipment is acquired. In addition, our field laptop computers carry the same data and can be used in the event of emergency with virtually  no delay in completing the required services.

ADDITIONAL SERVICES PROVIDED

Arbitrage Rebate Services

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL also provides arbitrage rebate compliance and related services to governmental issuers. The Tax Reform Act of 1986 requires issuers of most tax-exempt obligations to pay (i.e., "rebate") to the  United States government any arbitrage profits. Arbitrage profits are earnings  on the investment  of bond proceeds and certain other monies in excess of what would have been earned had such monies been invested at a yield equal to the yield on the bonds.

Federal tax law requires that interim rebate calculations and payments are due at the end of every fifth bond year. Final payment is required upon redemption of the bonds. More frequent calculations may be deemed advisable by an issuer's auditor, trustee or bond counsel or to assure that accurate and current records are available. These more frequent requirements are usually contained in the Arbitrage or Rebate Certificate with respect to the bonds.

Our firm performs a comprehensive rebate analysis and includes the following:

Verifying that the issue is subject to rebate;
Calculating the bond yield;
Identifying, and separately accounting  for, all "Gross Proceeds"  (as that term is defined in the Code) of the bond issue, including those requiring analysis due to "transferred proceeds" and/or "commingled funds" circumstances;
Determining what general and/or elective options are available to Gross proceeds of the
issue;
Calculating the issue's excess investment earning (rebate liability), if any;
Delivering appropriate documentation to support all calculations;
Providing an executive summary identifying the methodology employed, major assumptions, conclusions, and any other recommendations for  changes  in recordkeeping and investment policies;
Assisting as necessary in the event of an Internal Revenue Service inquiry; and,
Consulting with issue staff, as necessary, regarding arbitrage related matters.

GOVERNMENTAL AUDITING EXPERIENCE

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has been practicing public accounting in Florida for 69 years. Our success over the years has been the result of a strong commitment to providing personalized quality service to our clients.

The current members of our firm have performed audits of over 900 community development districts, and over 1,800 audits of municipalities, counties and other governmental entities such as the City of Fort Pierce and St. Lucie County.

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

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

Continuing Professional Education

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

GOVERNMENTAL AUDITING EXPERIENCE (CONTINUED)

The audit team has extensive experience in performing governmental audits and is exposed to intensive and continuing concentration on these types of audits. Due to the total number of governmental audits our team performs, each member of our governmental staff must understand and be able to perform several types of governmental audits. It is our objective to provide each professional employee fifty hours or more of comprehensive  continuing professional education each year. This is accomplished through attending seminars throughout Florida and is reinforced through in-house training.

Our firm has made a steadfast commitment to professional education. Our active attendance  and participation in continuing professional education is a major part of our objective  to obtain the most recent knowledge on issues which are of importance to our clients. We are growing on the reputation for work that our firm is providing today.

Quality Control Program

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

To ensure maintaining the standards of working excellence required by our firm, we joined the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). To be a participating member firm of this practice section, a firm must obtain an independent Peer Review of its quality control policies  and procedures  to ascertain the firm's compliance with existing auditing standards on the applicable engagements.

The scope of the Peer Review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm:

Professional, economic, and administrative independence;
Assignment of professional personnel to engagements;
Consultation on technical matters;
Supervision of engagement personnel;
Hiring and employment of personnel;
Professional development;
Advancement;
Acceptance and continuation of clients; and,
Inspection and review system.

We believe that our commitment to the program is rewarding not only to our firm, but primarily to our clients.

The external independent Peer Review of the elements of our quality control policies and procedures performed by an independent certified public accountant, approved by the PCPS of the AICPA, provides you with the assurance that we continue to conform to standards of the profession in the conduct of our accounting and auditing practice.

GOVERNMENTAL AUDITING EXPERIENCE (CONTINUED)

Our firm is also a member of Governmental Audit Quality Center (GAQC), a voluntary membership center for CPA firms that perform governmental audits. This center promotes the quality of governmental audits.

Our firm has completed successive Peer Reviews. These reviews included a representative sample of our firm's local governmental auditing engagements.  As  a  result of these reviews, our firm obtained an unqualified opinion on our quality control  program and work procedures.  On page 31 is a copy of our most recent Peer Review report. It should be noted  that  we received a pass rating.

Our firm has never had any disciplinary actions by state regulatory bodies or professional organizations.

As our firm performs approximately one hundred audits each year that are reviewed by federal, state or local entities, we are constantly dealing with questions from these entities about our audits. We are pleased to say that any questions that have been raised were minor issues and were easily resolved without re-issuing any reports.

Certificate of Achievement for Excellence in Financial Reporting (CAFR)

We are proud and honored to have been involved with the City of Fort Pierce and  the Fort  Pierce Utilities Authority when they received their first Certificates of  Achievement  for Excellence in Financial Reporting for the fiscal years ended September 30, 1988 and 1994, respectively. We were also instrumental in the City of Stuart receiving the award,  in our  first year of performing their audit, for the year ended September 30, 1999.

We also assisted St. Lucie County, Florida for the year ended September 30, 2003, in preparing their first Comprehensive Annual Financial Report, and St. Lucie County has received their Certificate of Achievement for Excellence in Financial Reporting every year since.

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

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

GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED)

References

Capron Trail Community Development District
Jeff Walker, Special District Services
(561) 630-4922
The Reserve Community Development District Darrin Mossing, Governmental Management
Services LLC
(407) 841-5524

Gateway Community Development District
Stephen Bloom, Severn Trent Management
(954) 753-5841

Port of the Islands Community Development District
Cal Teague, Premier District Management

(239) 690-7100 ext 101

In addition to the above, we have the following additional governmental audit experience:

Community Development Districts

Aberdeen Community Development District

Amelia Concourse Community Development District

Anthem Park Communnity Development District

Arborwood Community Development District

Bannon Lakes Community Development District

Beacon Lakes Community Development District

Candler Hills East Community Development District

Capron Trail Community Development District

Cedar Hammock Community Development District

Celebration Pointe Community Development District

Channing Park Community Development District

Cheval West Community Development District

City Center Community Development District

Colonial Country Club Community Development District

Creekside at Twin Creeks Community Development District

Deer Run Community Development District

Diamond Hill Community Development District

Eagle Point Community Development District

GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED)

Eastlake Oaks Community Development District

Easton Park Community Development District

Estancia @ Wiregrass Community Development District

Forest Brooke Community Development District

Gramercy Park Community Development District

Greyhawk Landing Community Development District

Griffin Lakes Community Development District

Habitat Community Development District

Harmony Community Development District

Heritage Harbor Community Development District

Heritage Isles Community Development District

Heritage Lake Park Community Development District

Heritage Palms Community Development District

Julington Creek Community Development District

Lake Bernadette Community Development District

Legends Bay Community Development District

Live Oak No 2 Community Development District

Marshall Creek Community Development District

Meadow View at Twin Lakes Community Development District

Meadow Point Ill Community Development District

Meadow Point IV Community Development District

Midtown Miami Community Development District

Mira Lago Community Development District

Narcoossee Community Development District

New Port Tampa Bay Community Development District

Overoaks Community Development District

Panther Trace 2 Community Development District

Pine Island Community Development District

Pine Ridge Community Development District

Piney-Z Community Development District

GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED)

Remington Community Development District

Renaissance Commons Community Development District

Reserve Community Development District

Reserve at Pradera Community Development District

Ridgewood Trails Community Development District

River Hall Community Development District

River Place on the St. Lucie Community Development District

Riverwood Community Development District

Riverwood Estates Community Development District

Rolling Hills Community Development District

Sampson Creek Community Development District

Seminole Improvement District

Southern Hills Plantation Ill Community Development District

St. John's Forest Community Development District

Stoneybrook West Community Development District

Tern Bay Community Development District

Terracina Community Development District

Twin Creeks North Community Development District

Valencia Acres Community Development District

Villages of Bloomingdale Community Development District

Westside Community Development District

Willow Creek Community Development District

Winston Trails Community Development District

Solterra Resort Community Development District

South Village Community Development District

Southern Hills Plantation I Community District

GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED)

Other Governmental Organizations City of Westlake
Florida Inland Navigation District Fort Pierce Farms Water Control
District

Indian River Regional Crime Laboratory, District 19, Florida

Jobs and Education Partnership

Office of the Medical Examiner, District 19

Rupert J. Smith Law Library of St. Lucie County
St. Lucie Education Foundation Town of Ocean Breeze Park Troup Indiantown Water
Control District

Current or Recent Single Audits,

St. Lucie County, Florida Early Learning Coalition, Inc.
Treasure Coast Food Bank, Inc.

Members of our audit team have acquired extensive experience from performing or participating in over 1,800 audits of governments, independent special taxing districts, school boards, and other agencies that receive public money and utilize fund accounting.

Much of our firm's auditing experience is with compliance auditing, which is required for publicly financed agencies. In this type of audit, we do a financial examination and also confirm compliance with various statutory and regulatory guidelines.

Following is a summary of our other experience, including Auditor General experience, as it pertains to other governmental and fund accounting audits.

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

Indian River Martin Okeechobee Palm Beach

Municipalities

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

GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED)

Special Districts

Boggy Creek Community Development District Coquina Water Control District
Dovera Community Development District
Durbin Crossing Community Development District Golden Lakes Community Development District Lakewood Ranch Community Development District Martin Soil and Water Conservation District
Myrtle Creek Community Development District St. Lucie County -  Fort Pierce Fire District  The Crossings at Fleming Island
St. Lucie West Services District
Indian River County Mosquito Control District St. John's Water Control District
Westchase and Westchase East Community Development Districts Pier Park Community Development District
Verandahs Community Development District Magnolia Park Community Development District

Schools and Colleges

Federal Student Aid Programs - Indian River Community College Indian River Community College
Okeechobee County District School Board
St. Lucie County District School Board

State and County Agencies

Central Florida Foreign-Trade Zone, Inc. (a nonprofit organization affiliated with the St. Lucie County Board of County Commissioners)
Florida School for Boys at Okeechobee
Indian River Community College Crime Laboratory Indian River Correctional Institution

FEE SCHEDULE

We propose the fee for our audit services described below to be $3,965 for the years ended September 30, 2019, 2020, and 2021. The fee is contingent upon the financial records and accounting systems of Bannon Lakes Community Development District being "audit ready" and the financial activity for the District is not materially increased. If we discover that additional preparation work or subsidiary schedules are needed, we will consult with your authorized representative. We can assist with this additional work at our standard rates should you desire.

SCOPE OF WORK TO BE PERFORMED

If selected as the District's auditors, we will perform a financial and compliance audit in accordance with Section 11.45, Florida Statutes, in order to express an opinion on an annual basis on the financial statements of Bannon Lakes Community Development District as of September 30, 2019, 2020, and 2021. The audits will be performed to the extent necessary to express an opinion on the fairness in all material respects with which the financial statements present the financial position, results of operations and changes in financial position  in conformity with generally accepted accounting principles and to determine whether, for selected transactions, operations are properly conducted in accordance with legal and regulatory requirements. Reportable conditions that are also material weaknesses shall be identified as such in the Auditors' Report on Internal Control over Financial Reporting  and  on Compliance and Other Matters. Other (non-reportable) conditions discovered during the course of the audit will be reported in a separate letter to management, which will be referred to in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters.

Our audit will be performed in accordance with standards for financial and compliance audits contained in Government Auditing Standards, as well as in compliance with rules and  regulations of audits of special  districts  as  set  forth  by  the  State  Auditor  General  in  Chapter 10.550, Local Governmental Entity Audits, and other relevant federal, state and county orders, statutes, ordinances, charter, resolutions, bond covenants, Administrative Code and procedures, or rules and regulations which may pertain to the work required in the engagement.

The primary purpose of our audit will be to express an opinion on the financial statements discussed above. It should be noted that such audits are subject to the inherent  risk that errors or irregularities may not be detected. However, if conditions are discovered which lead to the belief that material errors, defalcations or other irregularities may exist or if other circumstances are encountered that require extended services, we will promptly notify the  appropriate individual.

Commitment to Quality Service
I Personnel Qualifications and Experience
J. W. Gaines, CPA, CITP
Director - 40 years

Education
Stetson University, B.B.A. -Accounting

Registrations
Certified Public Accountant - State of Florida, State Board of Accountancy
Certified Information Technology Professional (CITP) - American Institute of Certified Public Accountants

Professional Affiliations/Community Service
+	Member of the American and Florida Institutes of Certified Public Accountants
Affiliate member Government Finance Officers Association
+	Past President, Vice President-Campaign Chairman, Vice President and Board Member of United Way of St. Lucie County, 1989 -1994
+	Past President, President Elect, Secretary and Treasurer of the Treasure Coast Chapter of
the Florida Institute of Certified Public Accountants, 1988 - 1991
+	Past President of Ft. Pierce Kiwanis Club, 1994 - 95, Member/Board Member since 1982
Past President, Vice President and Treasurer of St. Lucie County Chapter of the American Cancer Society, 1980 -1986
+	Member  of  the  St.  Lucie  County  Chamber  of  Commerce,  Member   Board  of  Directors,
Treasurer,  September  2002 - 2006, Chairman  Elect 2007, Chairman  2008,  Past Chairman
2009
+	Member Lawnwood Regional Medical Center Board of Trustees, 2000 - Present, Chairman 2013 - Present
Member of St. Lucie County Citizens Budget Committee, 2001 - 2002
Member of Ft. Pierce Citizens Budget Advisory Committee, 2010 - 2011
Member of Ft. Pierce Civil Service Appeals Board, 2013 - Present

Professional Experience
Miles Grant Development/Country Club - Stuart, Florida, July 1975 - October 1976
State Auditor General's Office - Public Accounts Auditor - November 1976 through September 1979
Director - Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL,
responsible for numerous government and nonprofit audits.
+ Over 30 years experience in all phases of public accounting and auditing experience, with a concentration in financial and compliance audits. Mr. Gaines has been involved  in  all phases of the audits listed on the preceding pages.

Commitment to Quality Service
I Personnel Qualifications and Experience
J. W. Gaines, CPA, CITP (Continued)
Director

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

Commitment to Quality Service
I Personnel Qualifications and Experience
David S.  McGuire,  CPA,  CITP Accounting and Audit Principal - 11 years Accounting and Audit Manager - 4 years Staff Accountant	- 11 years

Education
University of Central Florida, B.A. - Accounting
Barry University - Master of Professional Accountancy

Registrations
Certified Public Accountant - State of Florida, State Board of Accountancy
Certified Information Technology Professional (CITP) -American Institute of Certified Public Accountants
Certified Not-For-Profit Core Concepts 2018

Professional Affiliations/Community Service
+	Member of the American and Florida Institutes of Certified Public Accountants
Associate Member, Florida Government Finance Office Associates
+	Assistant Coach - St. Lucie County Youth Football Organization (1994-2005)
Assistant Coach - Greater Port St. Lucie Football League, Inc. (2006 - 2010)
+	Board Member - Greater Port St. Lucie Football League, Inc. (2011 - present)
+	Treasurer, AIDS Research and Treatment Center of the Treasure Coast, Inc. (2000 - 2003)
Board Member/Treasurer, North Treasure Coast Chapter, American Red Cross
(2004 - 2010)
Member/Board Member of Port St. Lucie Kiwanis (1994 - 2001)
+	President (2014/15) of Sunrise Kiwanis of Fort Pierce (2004 - present)
St. Lucie District School Board Superintendent Search Committee (2013 - present)

Professional Experience
+	Twenty-four years public accounting experience with an emphasis on nonprofit and governmental organizations.
+	Audit Manager in-charge on a variety of audit and review engagements within several
industries, including the following government and nonprofit organizations: St. Lucie County, Florida
19th Circuit Office of Medical Examiner
Troup Indiantown Water Control District
Exchange Club Center for the Prevention of Child Abuse, Inc. Healthy Kids of St. Lucie County
Mustard Seed Ministries of Ft. Pierce, Inc. Reaching Our Community Kids, Inc.
Reaching Our Community Kids - South
St. Lucie County Education Foundation, Inc. Treasure Coast Food Bank, Inc.
North Springs Improvement District
Four years of service in the United States Air Force in computer operations, with  a top  secret (SCI/SBI) security clearance.

Commitment to Quality Service

I Personnel  Qualifications and Experience	

David S. McGuire, CPA, CITP (Continued)
Accounting and Audit Principal

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

Commitment to Quality Service

I Personnel  Qualifications and Experience	

David F. Haughton, CPA
Accounting and Audit Manager - 28 years

Education
Stetson University, B.B.A. -Accounting

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

Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Former Member of Florida Institute of Certified Public Accountants Committee on State and Local Government
Affiliate Member Government Finance Officers Association (GFOA) for over 10 years
Affiliate Member Florida Government Finance Officers Association (FGFOA} for over 10 years
Technical Review -1997 FICPA Course on State and Local Governments in Florida
Board of Directors - Kiwanis of Ft. Pierce, Treasurer - 1994-1999; Vice President - 1999- 2001

Professional Experience
Twenty-seven years public accounting experience with an emphasis on governmental and nonprofit organizations.
State Auditor General's Office - West Palm Beach, Staff Auditor, June 1985 to September
1985
Accounting and Audit Manager of Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL, responsible for audit and accounting services including governmental and not-for-profit audits.
Over 20 years of public accounting and governmental experience, specializing in
governmental and nonprofit organizations with concentration in special districts, including Community Development Districts which provide services including water and sewer utilities. Governmental and non-profit entities served include the following:

Counties:
St. Lucie County

Municipalities: City of Fort Pierce City of Stuart

Commitment to Quality Service
I Personnel Qualifications and Experience
David F. Haughton, CPA (Continued)
Accounting and Audit Manager

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

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

Commitment to Quality Service
I Personnel Qualifications and Experience
Matthew Gonano, CPA
Senior Staff Accountant - 8 years

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

Professional Affiliations/Community Service

American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants

Professional Experience

Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.
Performed audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GMS)
Performed Single Audits of nonprofit organizations in accordance with 0MB Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations.

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

Commitment to Quality Service
I Personnel Qualifications and Experience
Paul Daly
Staff Accountant - 7 years

Education
Florida Atlantic University, B.S. - Accounting

Professional Experience
+	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional  services to nonprofit and governmental entities.

Continuing Professional Education
Working to attain the requirements to take the Certified Public Accounting (CPA) exam.

Commitment to Quality Service

I Personnel  Qualifications and Experience	

Melissa Marlin
Senior Staff Accountant - 5 years

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

Professional Experience
Staff accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mrs. Marlin participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Mrs. Marlin is currently studying to pass the CPA exam.

Commitment to Quality Service

I Personnel  Qualifications and Experience	

Bryan Snyder
Staff Accountant - 4 years

Education
+	Florida Atlantic University, B.B.A. - Accounting

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

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

Commitment to Quality Service
I Personnel  Qualifications and Experience	
Maritza Stonebraker
Staff Accountant - 3 years

Education
Indian River State College, B.S.A. - Accounting

Professional Experience
Staff Accountant beginning her professional auditing career with Berger, Toombs, Elam, Gaines, & Frank.

Continuing Professional Education
Mrs. Stonebraker participates in numerous continuing education courses and plans on acquiring her CPA.
Mrs. Stonebraker is currently studying to pass the CPA exam.

Commitment to Quality Service
I Personnel Qualifications and Experience
Jonathan Herman, CPA
Senior Staff Accountant - 5 years

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

Professional Experience
Accounting graduate with five years experience with Berger, Toombs, Elam,  Gaines,  & Frank providing professional services to nonprofit and governmental entities.

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

Commitment to Quality Service

I Personnel  Qualifications and Experience	

Sean Stanton, CPA
Staff Accountant - 3 years

Education
University of South Florida, B.S. -Accounting
Florida Atlantic University, M.B.A. -Accounting

Professional Experience
Staff accountant with Berger, Toombs, Elam, Gaines, & Frank auditing governmental and non-profit entities.

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

Commitment to Quality Service
I Personnel  Qualifications and Experience	
Brianne Davies
Staff Accountant - 1 year

Education
Indian River State College, B.S.A. - Accounting

Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

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

Commitment to Quality Service
I Personnel  Qualifications and Experience	
Taylor Nuccio
Staff Accountant - 1 year

Education
Indian River State College, B.S.A. - Accounting

Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Nuccio participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Ms. Nuccio is currently working towards completing an additional 30 hours of education to qualify to sit for CPA exam.

Commitment to Quality Service

I     Personnel  Qualifications and Experience	
Kirk Vasser
Staff Accountant

Education
Indian River State College, B.S.A. - Accounting

Professional Experience
+	Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing  professional services to nonprofit and governmental entities.

Continuing Professional Education
+	Mr. Vasser participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
+	Mr. Vasser is currently working towards completing an additional 30 hours of education to
qualify to sit for CPA exam.

Judson B. Baggett MBA, CPA, CVA, Porincr
Marci Rculimonn
CPA, Portner

1l 6815 Dairy Road
Zephyrhills, FL 33542
j   (813) 788-2155
Ill,   (813) 782-8606

System Review Report

To the Directors	November 2, 2016
Berger, Tcombs, Elam, Gaines & Frank, CPAs PL
and the Peer Review Committee of the Florida Institute of Certified Public Accountants

We have reviewed the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs PL (the firm), in effect for the year ended May 31, 2016. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants.  As a part of our peer review, we considered reviews by regulatory entities,  if applicable, in determining the nature and extent of our procedures. The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects, Our responsibility is to express an opinion on the design of the system of quality control, and the firm's compliance therewith based on our review. The nature, objectives, scope, limitations of, and the procedures performed in a System Review are described in the standards at www,aicpa.org/prsummary.

As required by the standards, engagements selected for review Included engagements performed under Government Auditing Standards and audits of employee benefit plans.

In our opinion, the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs PL in effect for the year ended May 31, 2016 has been suitably desigr.,ed and complied With to provide the firm with reasonable assurance of perforining and reporting in conformity with applicable professional standards in aU_material respects. Firms can receive a rating of pass, pass with deficiency(ies), or fail. Berger, Toombs, Elam, Gaines & Frank, CPAs PL, has received a peer review rating of pass.

/'.:i-	,\-J\..lao<,­
Bag6i,t\, RJutimann & Associates, CPAs, PA
-

1U£RGU! !lEPORl !(,j

Momlw Arner1c<1n Jnsf1lulo of CqrlifiQd Public Ac:cQvnlant (AICPA) <:1ncl Fknidu lnstih,110 of Cer11fitd Pvblk Ac(ouolcuib lf/CPA)
National N, oc;igllon of CorhHotl Va!uotkm Analysts (NACVA)

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT
REQUEST FOR PROPOSALS

Annual Audit Services for Fiscal Year 2019
St. Johns County, Florida

INSTRUCTIONS TO PROPOSERS

SECTION  1.   DUE  DATE.   Sealed  proposals  must  be  received  no  later than
Wednesday,  May 8, 2019,  2:00 p.m., at the  offices  of the District  Manager,  located at
475 West Town Place, Suite 114, St. Augustine, Florida 32092. 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 relieve 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 and one 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 - Bannon Lakes Community  Development District" on the face of it.

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

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.

Describe proposed staffing levels, including resumes with applicable certifications.

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

The lump sum cost of the provision of the services under the proposal

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 proposed project plans and specifications or other contract documents. The formal protest setting forth with particularity the facts and law upon  which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest  with respect to 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.

FIFTH ORDER OF BUSINESS

MINUTES OF MEETING
BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

A special meeting of the Board of Supervisors of the Barmon Lakes Community Development District was held on Wednesday, June 5, 2019 at 10:00 a.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092.

Present and constituting a quorum were:

Art Lancaster John Dodson Linda Scandurra Chris Hill
Also present were: Jim Oliver
Katie Buchanan
Brian Stephens Robin Nixon

FIRST ORDER OF BUSINESS

Chairman Vice Chairman Supervisor Supervisor

District Manager
District Counsel (by phone)
RMS
Amenity Manager

Roll Call

Mr. Oliver called the meeting to order at 10:00 a.m.

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

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Wes Hinton
Mr. Oliver stated included in your agenda package is a resignation letter from Mr. Wes Hinton.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor the Resignation of Wes Hinton as a Board of Member of the Barmon Lakes Community Development District was accepted.

Consideration of New Supervisor to Fill Vacancy
Oath of Office for New Supervisors
Mr. Oliver stated we now have two seats to fill, which are seat numbers 2 and 4. Both of those seats expire in November of 2020. Do you have a nomination to fill seat number 2?

June 5, 2019	Bannon Lakes CDD

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor to Appoint Ms. Linda Scandurra to Fill Seat #2 was approved.

Mr. Oliver administered an oath of office to Ms. Scandurra.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor to Appoint Mr. Chris Hill to Fill Seat #4 was approved.

Mr. Oliver administered an oath of office to Mr. Hill.

Resolution 2019-03, Election of Officers
Mr. Oliver stated included in your agenda package is Resolution 2019-03, Election of Officers.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor Resolution 2019-03 Election of Officers Appointing Mr. Hill and Ms. Scandurra as Assistant Secretaries of the Bannon Lakes CDD Board of Supervisors with all other Officers Remaining the Same was approved.

General Information for New Supervisors
Mr. Oliver discussed general information for new supervisors.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the April 17, 2019
Meeting
Mr. Oliver stated included in your agenda package is a copy of the minutes of the April 17, 2019 meeting. Are there any additions, corrections or deletions?

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor the Minutes of the April 17, 2019 Meeting were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2019-04,
Approving Proposed Budget for Fiscal Year 2020 and Setting a Date for Public Hearing for Adoption
Mr. Oliver stated included in your agenda package is Resolution 2019-04 approving the proposed budget for Fiscal Year 2020 and setting a date for the public hearing for adoption. We have to turn the assessment roll into the County by September 181• We are required by statute to

June 5, 2019	Bannon Lakes COD

approve a proposed budget by June 15th of each year and then we can set a public hearing no sooner than 60 days after the approval. The most important thing with the budget before you are the assessments stay the same. They will not increase for the residents and other property owners. The O&M assessment remains at $830.
Mr. Lancaster stated the one thing that stood out to me on the budget 1s facility
management doubled.
Mr. Oliver stated you hired someone on a part-time basis onsite. I simply put a number  in the budget for Fiscal Year 2020 with not knowing what the situation would be as we get into 2020. If you were to increase the hours for the facility manager then there would be a  proposal to come before the board and the board would approve that and we would enter into a contract with that company.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor Resolution 2019-04 Approving Proposed Budget for Fiscal Year 2020 & Setting a Public Hearing Date for August 21, 2019 at 1:00p.m. at the Offices ofGMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092 was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	First	Amendment	to
Agreement	with	Riverside	Management Services, LLC for Amenity Services
Mr. Oliver stated included in your agenda package is the First Amendment to the Agreement with Riverside Management Services, LLC for amenity services.

On MOTION by Ms. Lancaster seconded by Mr. Dodson with all in favor the First Amendment with Riverside Management Services, LLC for Amenity Services was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	First	Addendum	to
Landscape & Irrigation Maintenance Services Agreement with Landcare Group, Inc.
Mr. Oliver stated included in your agenda package is the First Addendum to the Landscape & Irrigation Maintenance Services Agreement with Landcare Group, Inc.

June 5, 2019	Bannon Lakes CDD

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor the First Addendum to Landscape & Irrigation Maintenance Services Agreement with Landcare Group, Inc. was approved.

EIGHTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

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

District Engineer
There being none, the next item followed.

District Manager
Discussion to Open SBA Account
Mr. Oliver stated for most of our Districts we open a State Board of Administration Account. It is a governmental entity that is run by the State of Florida. It is a way to keep the excess funds secure and liquid and then the yield is not as important for some other investments.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor for the Bannon Lakes CDD to Open a State Board of Administration Account was approved.

Report on Number of Registered Voters - 212
Mr. Oliver stated included in your agenda package is a letter from the St. Johns County Supervisor of Elections informing the board that there are 212 registered voters residing in the District. What is most important about this is when a District becomes six years and has 250 registered voters then we begin the transition to a resident controlled board. This District was established on September 21, 2015, so we will begin the transition with the election that occurs in November of 2022. At the 2022 election, two seats will be filled by residents and then two more seats will be filled by resident in November of 2024.

Field Services
Mr. Stephens stated we have increased the pool service to three days a week. We have also installed a new television to replace the one in the social room. We have ordered three new

June 5, 2019	Bannon Lakes CDD

benches for the dog park. I do not have a delivery date yet but as soon as they come in, we will have them installed. The fitness center and the clubhouse have been pressure washed. The pool inspector was out last week and everything checked out good with them.
Mr. Lancaster asked do we keep those reports onsite? Ms. Nixon responded yes.
Mr. Dodson asked what hours are you in the office at the site?
Ms. Nixon responded it is Thursday, Friday and Saturday from 9a.m. to 5p.m. Mr. Lancaster asked so everyone comes to you now for access cards?
Ms. Nixon responded yes.
Mr. Oliver stated we have three community clubs that are in the process of starting up. One club is a men's bridge club. One club is a woman's bridge club and the other one is a Mah Jong club.  We have one resident who is going through the process to offer yoga classes onsite.
Mr. Lancaster asked are they getting set dates?
Ms. Nixon responded they are. Most of them are early morning.
Mr. Lancaster asked how do you handle someone that wants to have a birthday party? Ms. Nixon responded they get first priority over a club.
Mr. Oliver stated Robin did contact the folks that installed the fitness equipment and
Stephen is taking a look to see if there is room in the fitness center to comply with ADA for the addition of a Smith machine and if so, what is the cost of that.
Mr. Lancaster asked where do we stand with the ADA website update? Mr. Oliver responded we are in compliant.

TENTH ORDER OF BUSINESS	Supervisor's Comments

Request	and	Audience

A resident asked is everything in the fitness center set up for the wi-fi now?
Ms. Nixon responded yes. We fixed that this past week. You can download Life Fitness on your phone now and it will track all of your workouts.
A resident asked what about a television outside?
Mr. Dodson responded I think the whole concept was to be able to lock it up and have a manager onsite.
A resident stated I have two small kids and the swings are really high and I can barely get
up on them. It is not really accessible for smaller kids. Is there any room to add more swings?

June 5, 2019	Bannon Lakes CDD

Mr. Lancaster responded Brian can look at that and see if we can get them down for smaller kids. I would lower two out of the three swings.
A resident stated maybe we could put a fence around the playground at some point.
There are several dead trees by the playground.
Mr. Lancaster stated we will follow up on them and see why they haven't been replaced. The fence is a budgetary issue. We can always go get a quote on something like that and see where we are at with the budget. It probably should encircle the sunshade. We will look at it.
A resident stated we have a comer lot and we were having issues with people parking on the lawn. We also have a problem with people parking on the street.
Mr. Lancaster stated you would contact May Management to enforce it. A resident stated it would be nice to have an extra trashcan at the pool.
A resident asked are we going to have grills at some point at the amenity center?
Mr. Lancaster responded it becomes a higher liability to the District. There have been people that have been burned from them. I don't know if it would be against our policies for you to bring your own.
Mr. Oliver stated let me look at that and develop some options.
A resident stated I just moved in here and I have a washout in phase two. Mr. Lancaster stated that would be builder related.
A resident stated I called KB and they said I needed to contact the CDD. Mr. Lancaster stated you would need to get with your builder on that.
A resident stated my lot is 119. It is occurring all of the way around the pond.
Mr. Lancaster stated we can provide you with builder information but that is their issue.

ELEVENTH ORDER OF BUSINESS	Financial Reports
Balance Sheet as of April 30, 2019 and Statement of Revenues & Expenditures
Mr. Oliver stated included in your agenda package is the balance sheet and income statement as of April 30, 2019.

Assessment Receipt Schedule
Mr. Oliver stated included in your agenda package is a copy of the assessment receipt schedule.

June 5, 2019	Bannon Lakes CDD

Approval of Check Register
Mr. Oliver stated included in your agenda package is the check register.

MOTION by Mr. Lancaster seconded by  Mr. Dodson with all in or the Check Register was approved.

Ratification of Constrnction Funding Request No. 19
Mr. Oliver stated included in your agenda package is Construction Funding Request No.
19.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor Construction Funding Request No. 19 was ratified.

TWELFTH ORDER OF BUSINESS	Next Scheduled Meeting - August 21, 2019 at
1:00 p.m. at the Offices of GMS
Mr. Oliver stated the next meeting is July 17fh but we may not need to meet for that. We will see ifwe need to hold it or just have the August 21, 2019 meeting.

THIRTEENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Lancaster seconded by Mr. Hill with all in favor the Meeting was adjourned.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

SIXTH ORDER OF BUSINESS

MINUTES OF MEETING
BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

An audit committee meeting of the Board of Supervisors of the Bannon Lakes Community Development District was held on Wednesday, June 5, 2019 at 10:33 a.m. at the Offices of GMS, 475 West Town Place, Suite 114, St. Augustine, FL 32092.

Present and constituting a quorum were:

Art Lancaster John Dodson Linda Scandurra Chris Hill
Also present were: Jim Oliver
Katie Buchanan

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Supervisor Supervisor

District Manager
District Counsel (by phone)

Roll Call

Mr. Oliver called the meeting to order at 10:33 a.m.

SECOND ORDER OF BUSINESS THIRD ORDER OF BUSINESS

Selection of Audit Evaluation Criteria Authorization to Issue Audit RFP

Mr. Oliver stated we have presented you with five different audit evaluation criteria. They are all equally weighted. The criteria are ability of personnel, proposers experience, understanding the scope of work, ability to furnish the required services and price.

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor the Audit Evaluation Criteria as Presented & Authorization for Staff to Issue an Audit RFP was approved.

FOURTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

FIFTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Lancaster seconded by Mr. Dodson with all in favor the Meeting was adjourned.

SEVENTH ORDER OF BUSINESS

•	•	•	•	•	•	•	•	•	•	•	•

• •••	••

13annon £akes
Community 1Jevefuyment 1Jistrict

:f'Y 2020

:August 21, 2019

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Bannon Lakes Community Development District

TABLE OF CONTENTS

GENERAL FUND BUDGET

Summary Revenues and Expenditures Narrative -Administrative and Maintenance 2016 Debt Service Fund

Page 1-2

Page 3-9

Page 10-12

11annon Lakes
Community Ve-ve{oyment  District	(genera£ ]"uru{

.:M:oytea	.J\cutaf	Projectea		'I'otaf	.'Ayyro-vea 'Budj]et		'I'liru		:Next	Projectea		'Budj]et
'Description	:J"Y 2019	7/3,/19	2 :J>fontfis	9/30/19	:J"Y 2020
'.Revenues
'Devefoyer Contri6utions	$127,247	$0	$0	$0	$90,789
..'AssesS1nents	$439,183	$437,794	$1,389	$439,183	$504,753	
Jacifity '.Revenue	$0	$50	$0	$50	$300	
'I'ota['.Revenues	$566,430	$437,844	$1,389	$439,233	$595,842	

'Expendltures						
.Jlefministrative						
Suyervisors :fees	$4,000	$0	$0	$0	$0	
f]C.J\	$306	$0	$0	$0	$0	
'Engineering	$4,000	$398	$2,000	$2,398	$4,000	
.'Attorney	$20,000	$5,449	$5,000	$10,449	$12,000	
'Dissemination	$4,100	$3,417	$1,025	$4,442	$4,100	
.'AnnuaI .'Audit	$4,200	$2,395	$0	$2,395	$4,200	
.'Ar5itr"age	$600	$600	$0	$600	$600	
..'Assessme.nt 'Ro[[	$5,000	$5,000	$0	$5,000	$5,000	
Trustee fees	$10,000	$3,667	$0	$3,667	$10,000	
:Management Jees	$45,000	$37,500	$7,500	$45,000	$45,000	
Information 'lecftnofogy	$1,733	$1,444	$289	$1,733	$1,733	
Te{eyfiane	$200	$41	$40	$81	$200	
'Postage	$500	$338	$162	$500	$500	
Insurance	$5,500	$5,610	$0	$5,610	$5,800	
'Printing & 'Binding	$3,000	$1,161	$200	$1,361	$3,000	
Lega£ .'Ad:vertising	$3,000	$965	$417	$1,382	$2,000	
Otlier Current Cfi.arges	$700	$250	$450	$700	$700	
Office SuyyG.es	$400	$718	$15	$733	$1,000	
)Ve.Gsite Sen1ices	$0	$1,750	$0	$1,750	$1,200	
'Dues, Licenses & Su6scriytians	$175	$175	$0	$175	$175	
.JL;(ministratfve 'Expe:ndltures	$112,414	$70,877	$17,098	$87,975	$101,208	

.J\menty Center						
Insurance	$15,106	$13,413	$0	$13,413	$19,974	
11tili.ties						
Pfwne/Intem.et/CaE[e	$3,000	$3,899	$810	$4,709	$6,800	
'Efectric	$25,000	$11,917	$2,600	$14,517	$25,000	
'Water/Irrigation	$10,000	$6,896	$1,700	$8,596	$15,000	
Te[eyfione	$4,000	$0	$0	$0	$0	
/gas	$200	$0	$0	$0	$200	
1vafase	$2,500	$2,096	$504	$2,600	$3,100	

1Jannon Lakes
Community 1Jeveloyment 1Jistrict	(jeneraI ]'und

.7uwytea	.Jlcuta£   'PYojectea		'.l'ota£	.'Ayywvea 'BudjJet		'.['fin,.	Next	'PYojectea		'BudjJet
'Description	:F'Y 2019	7/31/19	2 :Mantlis	9/30/19	J1/ 2020

Security
Security .'Monitoring	$600	$0	$100	$100	$600	
.'A.ccess Cards	$500	$2,600	$0	$2,600	$2,500	
.'Management Contracts						
facility :Management	$30,900	$7,400	$5,200	$12,600	$60,000	
JieGf :Mgmt/ .Jtd'min	$22,000	$15,640	$3,193	$18,833	$22,000	
'Foo[ .'Maintenance	$8,800	$7,513	$1,821	$9,334	$12,000	
'Pao[ Cfi.emicafs	$10,000	$2,866	$1,400	$4,266	$10,000	
Janitorial	$7,000	$5,530	$1,167	$6,697	$7,000	
Janitari.a£ SuyyCies	$3,450	$0	$1,000	$1,000	$3,450	
:Jacillty .'Maintenance	$7,500	$8,023	$2,000	$10,023	$7,500	
'Reyairs & .'Maintenance	$4,310	$1,372	$2,938	$4,310	$4,310	
:New Cayitaf 'Projects	$0	$1,155	$0	$1,155	$0	
Syecia['Events	$3,000	$3,335	$0	$3,335	$5,000	
Jfo[iday 1Jecoratians	$1,500	$0	$1,500	$1,500	$1,500	
:fitness Center 'Reyairs/Suyy[i.e.s	$900	$0	$300	$300	$900	
Office Suyylles	$250	$698	$0	$698	$1,500	
.'A.SC.'A.'P/'.B.'.M:J Licenses	$500	$0	$175	$175	$500	
'Pest Contra[	$0	$0	$0	$0	$1,800	
.'A.meni Center 'Expenditures	$161,016	$94,353	$26,408	$120,761	$210,634	
(grounds :Maintenance 'Exyenaf_tures						
J-fyiiroCogy Q uafity/:Miti{Jatimi,	$3,000	$0	$1,500	$1,500	$3,000	
.Lancfscaye .'Maintenance	$135,000	$114,834	$23,454	$138,288	$141,000	
Lancfscaye Contingency	$20,000	$0	$2,000	$2,000	$20,000	
£.afi.e .'Maintenance	$7,500	$4,650	$930	$5,580	$7,500	
§rounds .'Maintenance	$8,000	$0	$1,500	$1,500	$8,000	
Pumy 'Reyairs	$2,000	$0	$500	$500	$2,000	
Streetfiglits	$0	$7,207	$1,474	$8,681	$9,000	
Streetfiglit 'Re_pairs	$5,000	$0	$0	$0	$5,000	
Irrigation 'Re_pairs	$7,500	$2,752	$350	$3,102	$7,500	
.'M isce[laneou.s	$5,000	$0	$0	$1,250	$5,000	
'Recfaim Water	$100,000	$24,345	$9,300	$33,645	$76,000	
ouncfs :Maintenance 'Expendttures	     $293,000	$153,788	$41,008	$196,046	$284,000	
				
Total'Expenses	      $566,430	$319,018	$84,514	$404,782	$595,842	
				
'Excess 'Re:ven.ues/('Expen.dltures)	$0	$118,826	($83,125)	$34,451	$0	

'.Bannon Lakes
Community 'Develoyment 'District
GENERAL FUND BUDGET FISCAL YEAR 2020

REVENUES:

Developer Contributions/Assessments

The District will enter into a Funding Agreement with the Developer or levy maintenance assessments to Fund the General Fund expenditures the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisors Fees

The Florida Statutes allows each Board member to receive $200 per meeting not to exceed $4,000 in one year. The amount for the fiscal year is based upon four supervisors paid for the estimated eight annual meetings with the other supervisors waiving pay.

FICA Expense

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

Engineering

The District will contract with an engineering firm to provide general engineering services  to  the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Attornev

The District will contract with Hopping Green & Sams for legal counsel to provide general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Vendor

Monthly	r	AnnuaI

i ..	6001

CaCJvernmentalMan  i;i t e i e .! $  · ·· ·  292  I$ ·	3,500 !
Disclosure Services	..   -	..	$
 	292J     $	4,100 i

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District will contract with a licensed CPA firm to prepare the annual audit.

annon Lakes
Community 'Devefuyment 'District
GENERAL FUND BUDGET FISCAL YEAR 2020

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2016 Special Assessment Revenue Bonds.

Assessment Roll

The District's assessment roll administration, GMS, LLC, will provide services to prepare assessment rolls to district property owners.

Trustee Fees

The District issued Series 2016 Special Assessment Revenue Bonds which are held with a Trustee at BNY Mellon. The amount of the trustee fees is based on the agreement between BNY Mellon and the District.

Management Fees

The District will contract with Governmental Management Services, LLC for Management, Accounting and Administrative services as part of a Management Agreement with management company.

Vendor	·1	Monthly    I	Annual
.... Govemmental  Ma agern nt eLvice,s  .[$	3,750  i.. .  45,00(),

Information Technologv

The cost related to District's accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Vendor		Monthly    ,		Annual Governmental Management Services	I $	·144	$		1,733

Telephone

The cost of telephone and fax machine service.

Postage

The cost of mailing agenda packages, overnight deliveries, correspondence, and payments for the District.

Insurance

Represents the estimated cost for public officials and general liability insurance for the District provided by FIA.

Printing & Binding

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

Bannon Lakes
Community 'Develoyment 'District
GENERAL FUND BUDGET FISCAL YEAR 2020

Legal Advertising

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

Other Current Charges

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

Office Supplies

Miscellaneous office supplies.

Website Compliance

Per Chapter 2014-22, Laws of Fiorida, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS, LLC and updated monthly

Dues, Licenses & Subscriptions

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

Amenity Center:

Insurance

The District's Property insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Phone/Internet/cable

	
AT&T AT&T	

The District will provide internet & cable television services for the Amenity Center through Comcast.

Address		Monthly  T		Annual 435 B	on Lakes Blvd	i $ -	186-	$		2,232•
435 Bannon Lakes B,l_v_.d·•-•-- -------•2••1•-•1•-I $	2,532, Newlines	 		170	$	2,036 l
   , 	,56,7 1.  $	6,800

The cost of electricassociated with the_gecreation Facility. i--V    dor -    -	-	-	Addres	--- 
v·w• • "'~'-·-~-,~•• -- --
FPL	435 Bannon Lakes Blvd - Clubhouse

Monthly_	_ Annua I
$	995J$ 11.940 i

-i _	FPL	35 Bannon Li!kes Blvd#Ent
FPL	l_435 BannonLake_s Blvd #Fitness_

$	26    $	-- j121
$	174	$	2,088  i

---IConUnge cx-	-	- -	-

$	888	$	10.660 i

J;	?,9§3]1	25,000 i

11annon Lakes
Community 'Development 'District
GENERAL FUND BUDGET
FISCAL YEAR 2020

Water/Irrigation

Water, sewer and irrigation systems cost for the district.

Address

·

435 Bannon Lakes Blvd

t_::-·

;-··     	
l	Vendor

!   Monthly	Annual

t_s	·

995 : $ 11,936_

$	255 ! $	3,064
I s	1,250,	s	15,oqq

The District will contract with vendor to provide propane delivery for amenity center use.

Refuse Service

Cost of garbage disposal service will be provided by Republic Services #687 for the District.

Securitv Monitoring

The District will contract with vendor to provide security monitoring for the Amenity Center.

Access Cards

Represents the estimated cost for access cards purchased by the District's Amenity Center.

Facilitv Management

Cost to provide management services for the Amenity Center.

Reid Management and Admin

The District will contract Riverside Management Services, Inc. for onsite field management of contracts for District Services such as landscaping, amenity & pool facilities, lake maintenance, etc.

Annual
.t	22,000

Vendor	I  Monthly    '
!Riverside  ll/l_a_na ement?ervic:E!sL$ .	1,597_·r

Pool Maintenance and Supp/ies

The estimated amount based on proposed contract with Riverside Management Services, Inc. to provide maintenance of the Amenity Center swimming pool.

Pool Chemicals

The estimated amount based on proposed contract with vendor to provide chemicals to maintain the Amenity Center swimming pool.

'Bannon Lakes
Cammunity 1Jeveloyment 1Jistrict
GENERAL FUND BUDGET
FISCAL YEAR 2020

Janitorial

The estimated amount based on proposed contract with Riverside Management Services, Inc.to provide janitorial services for the Amenity Center.

Vendor	

..T
Monthly	,	Annua I

Riverside Man?gement Services

iS	·····

ssiTS	1,000J

Janitorial Suoolies

All supplies needed for janitorial services of the Amenity Center.

Facilitv Maintenance

The estimated amount based on proposed contract with vendor to provide routine repairs and maintenance for the Amenity Center.

Repair & Maintenance

Regular maintenance and replacement cost incurred by the Amenity Center of the District.

Special Events

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Holidav Decorations

Represents estimated costs for the District to decorate the amenity center throughout the Fiscal Year.

Rtness Center Repairs/Supolies

Represents estimated costs for the Fitness Center repairs of equipment, purchase of supplies, and preventative maintenance contract.

Office Suoolies and Equipment

Represents estimated cost for office supplies for the Amenity Center.

ASCAP/BMI Licenses

License fee required to broadcast music to the amenity center.
Grounds Maintenance:

Hvdroloqv Oualitv/Mitiqation

Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance  and exotic pest plant populations.

'Bannon Lakes
Community 1Jevewyment 1Jistrict
GENERAL FUND BUDGET
FISCAL YEAR 2020

Landscape Maintenance

Cost to maintain the common areas of the District based on a proposed contract with Landcare Group,
Inc.

Vendor	 		I  M  thly   I	Annual
I  Landcare Group /\menity    [$. 	s,:396! $	 64,751 ' Landcare Group:Lake . ·  .s .. ?,3}1 I $	75,975 !
.	C<Jnting1=11cy	$	23 '  $	274 I
.. J $	11,750  i  $ }4:1,000 i

Landscape Contingencv

Other landscape costs that is not under contract which includes landscape light repairs and replacements.

Lake Maintenance

Cost for the maintenance of District lakes based on a contract.

Vendor	Monthly.)	Annual	
The Lake Doctors, Inc.	$	465 ' $	5,580	
... Contingency ..... .	$	160 I $	1,920	
	$	625 !J.	7,500	

Grounds Maintenance

Contracted staff for repairs and trash pick·up on District owned property.

Pump Repairs

Provision for pool pump repair or replacements as needed.

Streetlights

FPL provides the District street lighting cost for the community. The amount is based upon the agreement plus estimated cost for fuel charges.

I

Vendor
FPL	i

Address	Monthly    :	Annual 10Dlnternational G 1ff _;_kw_.•a y .c.j"-$_··_	1iil $		8,532
Contingency	I $	39	$	468
i $	750 '  $	9,000

Streetlight Repairs
Estimated costs for street lighting and parking lot repairs and replacements.

13annon Lakes
Community 1Je'Vefuyment 1Jistrict
GENERAL FUND BUDGET FISCAL YEAR 2020

Irrigation Repairs

Miscellaneous irrigation repairs and maintenance cost for the District.

Miscellaneous

Any unanticipated and unscheduled maintenance cost to the District.

Reclaimed water

Reclaimed water Services for the District provided by St. Johns County Utility Department.

.. Anriua.1...........
s..J..C...u.-.0........•.,...................3..s...s. .a._n_n.no......L,a.k,.•..e. ..s.B. ...1. .v.d····--·--··"···'··········    - c.c..c---1   $. 	13,611
435  Bannon Lakes Blvd	$	8,.4_73_.

1

••.•..     c,.o,.n.•t.ingency    

$	53,916

'--···--•··········  ··········· .L    .•	-··	...................·····••·······················    ..    L._,'..   .. . ......: ,c'.;Jc'._L,$'. 	76,000

annon Laies	De6t Service :f'und
Cmnmunity  Devewyment  District	Series 2016

	.:Adhytea '.BwijJet	.:Actua{
'.!'lint	Projectea
Next	'Tota{
Projectea	.:Ayyroved
'.BwijJet	
'Description	Y)/ 2019	7/31/19	2 :Mont/is	9/30/19	:FY 2020	

'.ReVenues						
Carry Jorward: Sury[us"	$292,662	$292,562	$0	$292,562	$512,248	
Interest Income	$50	$7,796	$2,596	$10,392	$2,000	
Syecia( ...'Assessments	$771,500	$684,929	$86,571	$771,500	$769,808	
Prepayments	$0	$72,919	$0	$72,919	$0	
'10'1.'A.£ 'R,'/!V'EN'U'ES	$1,064,212	$1,058,207	$89,167	$1,147,374	$1,284,057	
'Exyendltures

Series 2007
Interest- 11/01	$292,563	$292,563	$0	$292,563	$291,350	
Princfya[- 11/01	$0	$0	$0	$0	$180,000	
Syecia{Ca{[- 11/01	$0	$0	$0	$0	$25,000	
Interest - 05/01	$292,563	$292,563	$0	$292,563	$287,300	
Syecia{Ca{{- 05/01	$0	$50,000	$0	$50,000	$0	

     T'OT'J\L 'EXP'EN'D1'11l'R-'ES		$585,125	$635,126	$0	$635,126	$783,650	
'Fl'r'P££ 'B'EJ!.'E.ML'ES.	$479,087	$423,081	$89,167	$512,248	$500,407	
"'Reffects excess revenue at fisca[ year emf less reserve jum[Valance.	11/1/20 Interest	$287,300	
11/1/20 'Princiya{	$190,000	
	 	$477,300 	

annon Lakes		..?lmortization Scfieaufe Community 1Jeveloyment 1Jistrict	Se:ries 2016, Syecia(.'Assessment '.Revenue 'Bonas
('Term'Bonas Vue	Combined)

 	Date	Balance	PrinciraI	 	Interest	Annual	

11/1/19	$ 11,800,000	$	180,000	$	291,350	$	762,700	
5/1/20	$ 11,620,000	$	$	287,300	$	
11/1/20	$ 11,620,000	$	190,000	$	287,300	$	764,600	
5/1/21	$ 11,430,000	$	$	283,025	$	
11/1/21	$ 11,430,000	$	200,000	$	283,025	$	766,050	
5/1/22	$ 11,230,000	$	$	278,525	$	
11/1/22	$ 11,230,000	$	210,000	$	278,525	$	767,050	
5/1/23	$ 11,020,000	$	$	273,800	$	
11/1/23	$ 11,020,000	$	215,000	$	273,800	$	762,600	
5/1/24	$ 10,805,000	$	$	268,963	$	
11/1/24	$ 10,805,000	$	225,000	$	268,963	$	762,925	
5/1/25	$ 10,580,000	$	$	263,900	$	
11/1/25	$ 10,580,000	$	240,000	$	263,900	$	767,800	
5/1/26	$ 10,340,000	$	$	258,500	$	
11/1/26	$ 10,340,000	$	250,000	$	258,500	$	767,000	
5/1/27	$ 10,090,000	$	$	252,250	$	
11/1/27	$ 10,090,000	$	260,000	$	252,250	$	764,500	
5/1/28	$ 9,830,000	$	$	245,750	$	
11/1/28	$ 9,830,000	$	275,000	$	245,750	$	766,500	
5/1/29	$ 9,555,000	$	$	238,875	$	
11/1/29	$ 9,555,000	$	290,000	$	238,875	$	767,750	
5/1/30	$ 9,265,000	$	$	231,625	$	
11/1/30	$ 9,265,000	$	305,000	$	231,625	$	768,250	
5/1/31	$ 8,960,000	$	$	224,000	$	
11/1/31	$ 8,960,000	$	320,000	$	224,000	$	768,000	
5/1/32	$ 8,640,000	$	$	216,000	$	
11/1/32	$ 8,640,000	$	335,000	$	216,000	$	767,000	
5/1/33	$ 8,305,000	$	$	207,625	$	
11/1/33	$ 8,305,000	$	350,000	$	207,625	$	765,250	
5/1/34	$ 7,955,000	$	$	198,875	$	
11/1/34	$ 7,955,000	$	370,000	$	198,875	$	767,750	
5/1/35	$ 7,585,000	$	$	189,625	$	
11/1/35	$ 7,585,000	$	385,000	$	189,625	$	764,250	

'Bannon Laies		.Jl.mortization Sclieauie Community Veveloyment Vistrict	Series 2016, Syeci.a[.71.ssessment '.Revenue 'Bond's

(Term'.Bonds Vue	Combined)

 	Date	Balance	Principal	 	Interest	Annual	

5/1/36	$ 7,200,000	$	$	180,000	$	
11/1/36	$ 7,200,000	$	405,000	$	180,000	$	765,000	
5/1/37	$ 6,795,000	$	$	169,875	$	
11/1/37	$ 6,795,000	$	425,000	$	169,875	$	764,750	
5/1/38	$ 6,370,000	$	$	159,250	$	
11/1/38	$ 6,370,000	$	450,000	$	159,250	$	768,500	
5/1/39	$ 5,920,000	$	$	148,000	$	
11/1/39	$ 5,920,000	$	470,000	$	148,000	$	766,000	
5/1/40	$ 5,450,000	$	$	136,250	$	
11/1/40	$ 5,450,000	$	495,000	$	136,250	$	767,500	
5/1/41	$ 4,955,000	$	$	123,875	$	
11/1/41	$ 4,955,000	$	520,000	$	123,875	$	767,750	
5/1/42	$ 4,435,000	$	$	110,875	$	
11/1/42	$ 4,435,000	$	545,000	$	110,875	$	766,750	
5/1/43	$ 3,890,000	$	$	97,250	$	
11/1/43	$ 3,890,000	$	570,000	$	97,250	$	764,500	
5/1/44	$ 3,320,000	$	$	83,000	$	
11/1/44	$ 3,320,000	$	600,000	$	83,000	$	766,000	
5/1/45	$ 2,720,000	$	$	68,000	$	
11/1/45	$ 2,720,000	$	630,000	$	68,000	$	766,000	
5/1/46	$ 2,090,000	$	$	52,250	$	
11/1/46	$ 2,090,000	$	665,000	$	52,250	$	769,500	
5/1/47	$ 1,425,000	$	$	35,625	$	
11/1/47	$ 1,425,000	$	695,000	$	35,625	$	766,250	
5/1/48	$	730,000	$	$	18,250	$	
11/1/48	$	730,000	$	730,000	$	18,250	$	766,500	
Totals	 	$ 11,800,000	$10,893,625	$ 22,984,975 I

A.

RESOLUTION 2019-05

THE ANNUAL APPROPRIATION RESOLUTION OF THE BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT ("DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors ("Board") of the Barroon Lakes Community Development District ("District") proposed budgets ("Proposed Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020") along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage 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 SUPERVISORS	OF		THE DEVELOPMENT DISTRICT:

RESOLVED		BY	THE		BOARD	OF BANNON	LAKES	COMMUNITY

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

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

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District's Local Records Office and identified as "The Budget for the Bannon Lakes Community Development District for the Fiscal Year Ending September 30, 2020."

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

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2019/2020, the sum of $ 	to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 	_ DEBT SERVICE FUND - (SERIES 2016)	$ 	_ TOTAL ALL FUNDS	$ 	_ SECTION 3. BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2019/2020 or within 60 days following the end of the Fiscal Year 2019/2020 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.
The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District's website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED TIIlS 21st DAY OF AUGUST, 2019.

ATTEST:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

By:	_

Secretary/Assistant Secretary
Its: 	

Exhibit A: Fiscal Year 2019/2020 Budget

B.

RESOLUTION 2019-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2019/2020; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, 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 Bannon Lakes Community Development District ("District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in St. Johns County, Florida ("Couuty"); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District's adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors ("Board") of the District hereby determines to undertake various operations and maintenance and other activities described in the District's budgets ("Budget") for Fiscal Year 2019/2020, attached hereto as Exhibit "A;" and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the District's Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Budget; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector ("Uniform Method"), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll ("Assessment Roll") attached to this Resolution as Exhibit "B," and to certify the portion of the Assessment Roll related to certain developed property ("Tax Roll Property") to the County Tax Collector pursuant to the Uniform Method and to directly collect  the portion  of the  Assessment Roll relating to the remaining property ("Direct  Collect  Property"),  all as set forth in Exhibit "B;" and
WHEREAS, it is in the best interests of the District to permit the District Manager to  amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser  updates the  property  roll for  the County, for such time as authorized by Florida law.

NOW,	THEREFORE,	BE	IT SUPERVISORS	OF		THE DEVELOPMENT DISTRICT:

RESOLVED		BY	THE		BOARD	OF BANNON	LAKES	COMMUNITY

SECTION 1. BENEF1T & ALLOCATION FINDINGS. The Board hereby finds and determines that 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, as shown in Exhibits "A" and "B," is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapter 190 of the Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted  lands within the District and  in accordance  with 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. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits "A" and "B."
Direct Bill Assessments. The operations and maintenance special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits "A" and "B." Assessments directly collected by the District are according to the following schedule: 25% due no later than October 15, 2019, 25% due no later than January 1, 2020, 25% due no later than April 1, 2020, and 25% due no later than July 1, 2020. In the event that an assessment payment is not made in accordance with the schedule stated above, the

whole assessment - including any remaining partial, deferred payments for Fiscal Year 2019/2020, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District's sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170 of the Florida Statutes or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method - e.g., on the tax roll or by direct bill - does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll, attached to this Resolution as Exhibit "B," is hereby certified for collection. That portion of the District's Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and  time  as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property  roll  by the Property  Appraiser  after  the date of this Resolution, and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 21st day of August, 2019.

ATTEST:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By: 		_ Its: 	_

Exhibit A: Exhibit B:

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

C.

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020 FUNDING AGREEMENT

This Agreement (the “Agreement”) is effective as of the 1st day of October, 2019, by and between:

Bannon Lakes Community Development District, a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, and located in St. Johns County, Florida (hereinafter "District"), and

RREF III-P-EP Bannon Lakes JV, LLC, a Delaware limited liability company, and the owner of a portion of the property located within the boundaries of the District (hereinafter "Developer").

Recitals

WHEREAS, the District was established by ordinance of the Board of County Commissioners of St. Johns County, Florida for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, the Developer presently owns and/or is developing certain real property (the “Property”) within the District, which Property will benefit from the timely construction and acquisition of the District’s facilities, activities, and services, and from the continued operations of the District; and

WHEREAS, the District has adopted its general fund budget for the Fiscal Year 2019/2020, which year commences on October 1, 2019 and concludes on September 30, 2020 (the “General Fund Budget”); and

WHEREAS, the General Fund Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit A; and

WHEREAS, the Developer has requested that the District not levy operation and maintenance assessments in excess of $ 	for Fiscal Year 2019/2020; and

WHEREAS, the Developer desires to fund any deficit of the District’s operation and maintenance expenses in excess of  the $ 	up to the total amount of the District’s General Fund Budget, adopted by the District’s Board of Supervisors on August 21, 2019, without any reimbursement by the District; and

WHEREAS, as the District and Developer anticipate that the District’s operations and maintenance expenses for Fiscal Year 2019/2020 will not exceed the budgeted amount of
$ 	it is anticipated that the Developer’s Funding Obligation as defined herein will not exceed $ 		.

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

Funding Obligation. Subject to the provisions of Paragraph 2 of this Agreement, the Developer agrees to pay the District’s actual operation and maintenance expenses for Fiscal Year 2019/2020 to the extent such expenses exceed the special assessments for operations and maintenance levied and collected by the District, within fifteen (15) days of written request by the District (the “Developer’s Funding Obligation”). The funds shall be placed in the District's general checking account. The Developer’s Funding Obligation for Fiscal Year 2019/2020 shall not exceed $ 	. The Developer’s payment of funds pursuant to this Agreement in  no  way affects the Developer’s obligation to pay assessments on land it owns within the District.

Continuing Lien. The District shall have the right to file a continuing lien upon the certain property as identified in Exhibit B (the “Parcel”) for all payments due and owing under the terms of this Agreement and for interest thereon. In addition, the District shall have  the right to file a continuing lien upon the Parcel for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement of this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s lien. The lien shall be effective as of the date and time of the recording of a “Notice of Lien for Fiscal Year 2019/2020 Budget” (the “Notice”) in the public records of St. Johns County, Florida, stating among other things, the description of the Parcel and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring such other enforcement action against the Parcel in any manner authorized by law. The District shall partially release any filed lien for portions of the Parcel subject to a plat if and when the Developer has demonstrated, in the District’s reasonable discretion, that such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developer sells any portion of the Parcel after the execution of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining Parcel owned by the Developer.

Alternative Methods of Collection.

In the alternative or in addition to the collection method set forth in Paragraph 2 above, the District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for St. Johns County, Florida. The

enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the substantially prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations, and services set out in Exhibit A provide a special and peculiar benefit to the Property. The Developer agrees that the activities, operations and services set forth in Exhibit A provide a special and peculiar benefit to the Property equal to or in excess of the costs set out in Exhibit A. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197 or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the St. Johns County property appraiser.

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

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

Assignment. This Agreement may not be assigned, in whole or in part, by either party except upon the written consent of the other which consent shall not be unreasonably conditioned, withheld, or delayed; provided, however, the Developer may assign its rights and obligation under this Agreement to an affiliated entity or subsidiary of Developer or to any other entity in which Developer has retained any ownership interest or collaterally assign to any institutional lender or equity investor providing financing to Developer. Any purported assignment without such consent shall be void.

Default. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement through the imposition and enforcement of a contractual or other lien on property owned by the Developer.

Third Party Rights; Transfer of Property. This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or

corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give 90 days prior written notice to the District under this Agreement of any such sale or disposition.

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

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

Notice. All notices, requests, consents and other communications hereunder ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, by overnight delivery service, or telecopied or hand delivered to the parties, as follows:

If to the District:	Bannon Lakes Community Development District
475 West Town Place, Suite 114 St. Augustine, Florida 32092 Attn: District Manager

With a copy to:	Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300 (32301) Post Office Box 6526
Tallahassee, Florida 32314 Attn: Wesley S. Haber

If to the Developer:	RREF III-P-EP Bannon Lakes JV, LLC
790 NW 107th Avenue, Fourth Floor Miami, Florida 33172
Attn:  Anthony Seijas

With a copy to:	Carlton Fields
4221 W. Boy Scout Blvd., Suite 1000 Tampa, Florida 33607
Attn: Joel B. Giles

and

Eastland Partners, LLC
700 Ponte Vedra Lakes Blvd. Ponte Vedra Beach, Florida 32082 Attn: Arthur Lancaster

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address or telecopy number set forth herein. If mailed as provided above, Notices shall be deemed delivered on the third business day unless actually received earlier. Notices hand delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the parties. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name, address or telecopy number to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Effective Date. The Agreement shall take effect as of October 1, 2019. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

(SIGNATURES ON FOLLOWING PAGE)

In witness whereof, the parties execute this agreement the day and year first written
above.

Attest:	BANNON LAKES COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	By:	 Its: 	

RREF III-P-EP BANNON LAKES JV, LLC,
a Delaware limited liability company

BY:	RREF III-P-EP BANNON LAKES JV MEMBER, LLC
a Delaware limited liability company, its managing member

BY:	RIALTO REAL ESTATE FUND III-PROPERTY, LP,
a Delaware limited partnership, its sole member

BY:	RIALTO PARTNERS GP, III-PROPERTY, LLC,
a Delaware limited liability company, its general partner

By:	 Name:		 Title:  		

WITNESSES:

Exhibit A:	Fiscal Year 2019/2020 General Fund Budget
Exhibit B:	Parcel

EXHIBIT A

Exhibit B

EIGHTH ORDER OF BUSINESS

Bannon Lakes Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2018

Bannon Lakes Community Development District ANNUAL FINANCIAL REPORT
September 30, 2018

TABLE OF CONTENTS

Page Number

REPORT OF INDEPENDENT AUDITORS
MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements: Statement of Net Position Statement of Activities
Fund Financial Statements:
Balance Sheet -  Governmental Funds Reconciliation of Total Governmental Fund Balances

1-2

3-8

9
10

11

to Net Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in Fund
Balances - Governmental Funds	13
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	14
Statement of Revenues, Expenditures and Changes in Fund
Balances -  Budget and Actual - General Fund	15
Notes to Financial Statements	16-27
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	28-29
MANAGEMENT LETTER	30-31

(" £! Berger, Toombs, Elam,
ttf, Gaines & Frank
Certified Public Accountants	Pl
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX, 772/468-9278
REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Bannon Lakes Community Development District St. Johns County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of Bannon Lakes Community Development District as of and for the year ended September 30, 2018, and the related notes to financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our  audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Accounting Standards, issued by the Comptroller General of the United  States.  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of  the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpo_se of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

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

Member A!CPA

Fort Pierce / Stuart
- 1 -
Member AICPA Division For CPA Firms
Private Companies Practice Section

Member FICPA

Berger, Toombs, Elam,

-OJ Gaines & Frank

To the Board of Supervisors
Bannon Lakes Community Development District

Opinion

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 Bannon Lakes Community Development District, as of September 30, 2018, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated June 21, 2019 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations  and contracts.  The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on 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 Bannon Lakes Community Development District's internal control over financial reporting and compliance.
Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 21, 2019

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2018

Management's discussion and analysis of Bannon Lakes Community Development District (the "District") financial performance provides an objective and easily readable analysis of the District's financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District's financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District's basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District's financial position and results of operations. The Fund financial statements present financial information for the District's major funds. The Notes to financial statements provide additional information concerning the District's finances.

The Government-wide financial statements are the statement of net position and  the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position  of governmental  activities and the change in net position. Governmental activities are primarily supported by special assessments.

The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District's operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources.

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2018

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances - budget and actual is provided for the District's General Fund. Fund financial statements provide more detailed information about the District's activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District's financial standing. These statements are comparable to private-sector companies and give a good understanding of the District's overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of  the  District, including construction in progress, are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. In the statement of activities, transactions between the different functions of the District have been eliminated in order to  avoid "doubling up" the revenues and expenses. The fund financial statements  provide  a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the  fund financial statements to the government-wide financial statements, reconciliation is provided from the fund financial statements to the government-wide financial statements.

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2018.

The District's total liabilities exceeded total assets by $(2,029,780) (net position).

Governmental activities revenues totaled $1,003,570 while governmental activities expenses totaled $2,180,842.

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2018

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.

	Net Position	

Governmental Activities	
		2018	2017	
Current assets		$	482,496	$	463,829	
Restricted assets		678,313	1,263,438	
Capital assets		 	9,046,788	 	9,649,986 	
Total Assets		10,207,597	11,377,253	
Current liabilities		486,691	482,490	
Non-current liabilities		11,750,686	 	11,747,271 	
Total Liabilities		12,237,377	 	12,229,761 	
Net position - unrestricted		$  (2,029,780)	$	(852,508)	

The decrease in restricted assets is primarily the result of the interest payments and capital additions in the current year.

The decrease in capital assets is the result of not all construction in progress amounts being capitalized at the completion of the project in the current year.

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2018

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District (Continued)

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.

Change In Net Position

   Governmental  Activities	
    2018	2017	
Program Revenues
Charges for sevices	$	441,215	$	439,208
Grants and contributions	 	562,355		313,695

Total Revenues	 1,003,570	752,903 

Expenses
General government	139,815	100,118
Physical environment	1,359,762	95,487
Culture/recreation	92,725	26,476
Interest on long-term debt	 	588,540	588,540 

Total Expenses	 2,180,842	810,621 

Change in Net Position	(1,177,272)	(57,718)

Net Position - Beginning of Year	(852,508)	 	(794,790)

Net Position - End of Year	$ (2,029,780)	$	(852,508)

The increase in general government expenses is primarily related to increased engineering fees in the current year.

The increase in physical environment expenses is the result of certain construction in progress amounts being expensed in the current year at the completion of the project.

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2018

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District's capital assets as of September 30, 2018 and 2017.
 	Governmental Activities	 2018	2017

Construction in progress	$	449,356	$	9,649,986	
Infrastructure	4,721,061		
Building and improvements	3,691,744		
Equipment	 	184,627 		
Total	$	9,046,788	$	9,649,986	

Current year activity consisted of additions to construction in progress of $561,155 and the transfer of construction on progress to infrastructure, $4,721,061, buildings and improvements,
$3,691,744 and equipment, $184,627. In addition, $1,164,353 of construction in progress was expensed as physical environment.

General Fund Budgetary Highlights

Budgeted expenditures exceeded actual expenditures primarily due to less landscape maintenance and utilities expenditures than were anticipated.

There were no amendments to the September 30, 2018 budget.

Debt Management

Governmental Activities debt includes the following:

In January 2016 the District issued $11,850,000 Special Assessment Bonds, Series 2016. The Bonds were issued to provide funds to finance the cost of acquisition, construction, installation and equipping the 2016 Project, pay certain costs associated with issuing the bonds, fund the 2016 Reserve account and fund capitalized interest through  November   1,  2018.  The  balance  outstanding  at  September  30,  2018 was
$11,850,000.

Bannon Lakes Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2018

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Economic Factors and Next Year's Budget

The District does not expect any economic factors to have a significant effect on the financial position or results of operations of the District in fiscal year 2019.

Request for Information

The financial report is designed to provide a general overview of Bannon Lakes Community Development District's finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Bannon Lakes Community Development District, Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, FL 32092.

Bannon Lakes Community Development District STATEMENT OF NET POSITION
September 30, 2018

Governmental
    Activities	
ASSETS
Current Assets
Cash	$	269,504
Asessments receivable	12,252
Due from developer	180,667
Deposits	50
Prepaid expenses	20,023

Total Current Assets	 	482,496 
Non-Current Assets Restricted Assets
Cash	678,313
Capital Assets, Not Being Depreciated
Construction in progress	449,356
Capital Assets, Being Depreciated
lnfrastucture	4,721,061	
Buildings and improvements	3,691,744	
Equipment	184,627	
Total Non-Current Assets	 	9,725,101 	
Total Assets	10,207,597	

LIABILITIES
Current Liabilities
Accounts payable	5,349	
Contracts and retainage payable	180,667	
Unearned revenues	56,873	
Accrued interest	243,802	
Total Current Liabilities	 	486,691 	
Non-Current Liabilities
Bonds payable, net	
11,750,686	
Total Liabilities	12,237,377	

NET POSITION
Unrestricted	$ 	(2,029,780)

See accompanying notes to financial statements.

Bannon Lakes Community Development District STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2018

 	Program Revenues	
Capital Grants
Charges for	and
Functions/Programs	Exeenses	Services	Contributions

Net (Expense) Revenues and Changes in Net Position

Governmental
 	Activities	

Governmental Activities		
General government	$	(139,815)	$	144,149	$	$	4,334	
Physical environment	(1,359,762)	201,466	562,355	(595,941)	
Culture/recreation	(92,725)	95,600		2,875	
Interest on long-term debt	(588,540)			(588,540)	
Total Governmental Activities	   $	(2,180,842)	$	441 215	$	562,355	(1,177,272)	
	Change in Net Position	(1,177,272)	
	Net Position - October 1, 2017	(852,508)	
	Net Position - September 30, 2018	$	(2,029,780)	

See accompanying notes to financial statements.

Bannon Lakes Community Development District BALANCE SHEET
GOVERNMENTAL FUNDS
September 30, 2018

Series	Series	Total	
2016	2016	Governmental	
 	General	Debt Service	Capital Projects	Funds	
ASSETS	
Cash	$	269,504	$	$	$	269,504	
Asessments receivable	12,252		12,252	
Due from developer		180,667	180,667	
Prepaid expenses	20,023		20,023	
Deposits	50		50	
Restricted assets				
Cash and investments, at fair value	 				678,313					678,313 Total Assets	 	$	301,829	$	678,313	$	180,667	$	1,160,809

LIABILITIES AND FUND BALANCES
LIABILITIES		
Accounts payable	$	5,349	$	$	$	5,349	
Contracts and retainage payable		180,667	180,667	
Unearned revenues	 	56,873	56,873
Total Liabilities	 		62,222 		180,667 		242,889

FUND BALANCES
Nonspendable:

Debt service	678,313	678,313	
Unassigned	 	219,534	219,534	
Total Fund Balances	 	239,607	678,313	917,920	
Total Liabilities and Fund Balances	   $	301,829	$	678,313	$	180,667	$	1,160,809 	

Prepaid expenses/deposits	20,073	20,073 Restricted:

See accompanying notes to financial statements.

- 11 -

Bannon Lakes Community Development District  RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September  30, 2018

Total Governmental Fund Balances	$	917,920

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets, construction in progress, $449,356, infrastructure, $4,721,061, buildings and improvements, $3,691,744 and equipment, $184,627,
used in governmental activities are not current financial resources and therefore, are not reported at the fund level.

Long-term liabilities, including bonds payable, $(11,850,000), and bond discount, $99,314, are not due and payable in the current period  and therefore, are not reported at the fund level.

Accrued interest expense for long-term debt is not a current financial use and therefore, is not reported at the fund level.

Net Position of Governmental Activities

9,046,788

(11,750,686)

 	(243,802) 

$ (2,029,780)

See accompanying notes to financial statements.

- 12 -

Bannon Lakes Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES- GOVERNMENTAL FUNDS
For the Year Ended September 30, 2018

Revenues

Series	Series	Total
2016	2016	Governmental
 	General	Debt Service	Capital Projects	Funds	

Special assessments	$  441,215	$	$		$	441,215 Developer contributions				562,355		562,355
Total Revenues	 	441,215	 	562,355	1,003,570

Expenditures Current
General government	139,815	139,815
Physical environment	195,409	195,409
Culture/recreation	92,725	92,725
Capital outlay	561,155	561,155
Debt service
Interest	585,125	585,125

Total Expenditures	 	427,949	585,125	561,155	1,574,229 

Net Change in Fund Balances	13,266	(585,125)	1,200	(570,659)

Fund Balances - October 1, 2017	 	226,341	1,263,438		(1,200) 	1,488,579

Fund Balances - September 30, 2018	$  239,607	$	678,313	$	$	917,920

See accompanying notes to financial statements.

- 13 -

Bannon Lakes Community Development District RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2018

Net Change in Fund Balances - Total Governmental Funds	$	(570,659)

Amounts reported for governmental activities in the Statement of Activities are different because:

Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation. This is the amount of capital outlay in the current period.

Certain amounts that had been capitalized as construction in progress in prior years were expensed as physical environment at the project completion.

561,155

(1,164,353)

Amortization of bond discount does not require the use of financial current resources and therefore, is not reported in the governmental funds. This is the amount of amortization in the current period.

Change in Net Position of Governmental Activities

 	(3,415) 

$	(1,177,272)

Bannon Lakes Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND
For the Year Ended September 30, 2018

Revenues

Original Budget

Final Budget

 	Actual	

Variance with Final Budget Positive (Negative)

Special assessments

$590,430

$590,430

$441,215	$	(149,215)

Expenditures Current
General government	111,681	111,681	139,815	(28,134)	
Physical environment	298,100	298,100	195,409	102,691	
Culture/recreation	   180,649	180,649	92,725	87,924 	
Total Expenditures	590,430	 	590,430		427,949	 	162,481 	
Net Change in Fund Balances		13,266		13,266	
Fund Balances - October 1, 2017	 		226,341	 		226,341	

Fund Balances - September 30, 2018	$	$	$239,607	$	239 607

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the District have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.

Reporting Entity

The District was established on September 21, 2015, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Ordinance #2015-60 of the Board of County Commissioners of St. Johns County, as a Community Development District.  The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or outside the boundaries of the Bannon Lakes Community Development District. The District is governed by a Board of Supervisors who are elected to four year and two year terms. The District operates within the criteria established by Chapter 190.

As required by GMP, these financial statements present the Bannon Lakes Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District's Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.

Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards the District has identified no component units.

Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements

Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.

Governmental activities are supported by developer contributions.  Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather  than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.

Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self­ balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government's governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District reports fund balance according to Governmental Accounting Standards
Board Statement 54 - Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance - This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Restricted Fund Balance - This classification includes amounts that can be spent only for specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance - This classification consists of the Board of Supervisors' intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District's management company.

Unassigned Fund Balance - This classification is the residual classification for the government's general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.

Fund Balance Spending Hierarchy - For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period.

Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of "available spendable resources".

Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources  and uses of "available spendable resources" during a period.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of long­ term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

Governmental Major Funds

General Fund - The General Fund is the District's primary operating fund.  It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Presentation (Continued)

Governmental Major Funds (Continued)

Series 2016 Debt Service Fund - The Series 2016 Debt Service Fund accounts for debt service requirements to retire the Series 2016 Special Assessment Bonds, which were used to finance the construction of certain improvements within the District.

Series 2016 Capital Projects Fund - The Series 2016 Capital Projects Fund  accounts for acquisition and construction of infrastructure improvements located within the boundaries of the District.

Non-current Governmental Assets/Liabilities

GASB Statement 34 requires that non-current governmental assets, such as construction in progress, and non-current governmental liabilities, such as general obligation bonds be reported in the governmental activities column in the government-wide Statement of Net Position.

Assets, Liabilities, and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds.  This pool is provided as additional insurance to the·federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperative Act of 1969;

Interest-bearing time deposits or savings accounts in authorized qualified public depositories;

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities, and Net Position or Equity (Continued)

Cash and Investments (Continued)

4. Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.

Cash and investments include time deposits, certificates of deposit, money market funds, and all highly liquid debt instruments with original maturities of three months or less.

Restricted Assets

Certain net position of the District are classified as restricted assets on the Statement of Net Position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.

Capital Assets

Capital assets, which include construction in progress, are reported in the governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation basis for  all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Unamortized Bond Discounts

Bond discounts associated with the issuance of revenue bonds are amortized according to the straight line method of accounting. For financial reporting, unamortized bond discounts are netted against the applicable long-term debt.

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

4. Assets, Liabilities, and Net Position or Equity (Continued)

Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget columns of the accompanying financial statements may occur.

NOTE	B   -		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS

1. Explanation of Differences Between the Governmental  Fund Balance  Sheet and the Government-wide Statement of Net Position

"Total fund balances" of the District's governmental funds ($917,920) differs from "net position" of governmental activities ($(2,029,780)) reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below:

Capital related items

When capital assets (land, buildings and improvements, infrastructure and equipment that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However,  the Statement of Net Position included those capital assets among the assets of the District as a whole.

Construction in progress		$	449,356	
Infrastructure		4,721,061	
Buildings and improvements		3,691,744	
Equipment		 	184 627	
	Total	$ 9 046 788	

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE	B   -		RECONCILIATION   OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position (Continued)

Long-term debt transactions
Long-term liabilities applicable to the District's governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2018 were:

Bonds payable Bond discount, net
Bonds payable, net
Accrued interest

$ (11,850,000)
 	99 314
$ /11,750 686)

Accrued liabilities in the Statement of Net Position differ from the amount reported in governmental funds due to the accrued interest on bonds.
Accrued interest	$	/243 802)
Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities
The "net change in fund balances" for government funds ($(570,659)) differs from the "change in net position" for governmental activities ($(1,177,272)) reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below:
Capital related items

When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds.  However, in the Statement  of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year.

Capital outlay	$	561,155	
Physical environment/noncapitalized	(1,164,353)	
Total	$	/603,198)	

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE	B   -		RECONCILIATION   OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)

2. Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities (Continued)

Long-term debt transactions

Amortization of the bond discount does not require the use of current financial resources and therefore, is not reported in governmental funds.

Amortization of bond discount	 $	(3 415}

NOTE C - CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.
Custodial Credit Risk - Deposits

Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2018, the District's bank balance was $952,828 and the carrying value was $947,817. Exposure to custodial credit risk was as follows. The District maintains all unrestricted deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes. Restricted cash is insured to $250,000 by the Securities Investor Protection Corporation.

Investments

The District held no investments during the year ended September 30, 2018.

Interest Rate Risk

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

Credit Risk

The District has no investment policy that would further limit its investment choices.

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE C - CASH AND INVESTMENTS (CONTINUED)

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund.

The types of deposits and their level of risk exposure as of September 30, 2018 were typical of these items during the fiscal year then ended.

NOTED-CAPITAL ASSETS

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

Balance	Balance
October 1,	September 30,
 	2017	Additions	Deletions	2018	
Governmental activities:
Capital assets, not being depreciated:
Construction in progress	 $   9,649,986	$	561,155	$  (9,761,785)	$	449,356 Capital assets, being depreciated:
Infrastructure	4,721,061	4,721,061	
Buildings and improvements	3,691,744	3,691,744	
Equipment	 	184,627	184,627	
Total, capital assets being depreciated	 	8,597,432	8,597,432	
Governmental Activities Capital Assets	    $   9,649,986	$   9,158,587	$  (9,761,785)      $	9,046,788 	

Depreciation will begin in the year ending September 30, 2019.

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE E- LONG-TERM DEBT		
Long-term debt is comprised of the following:		
Special Assessment Bonds		
$11,850,000 Series 2016 Bonds are due in annual principal		
installments beginning November 2019, maturing November 2048.		
Interest is due semi-annually on May 1 and November 1, beginning May 1, 2016, at variable rates of 4.5% and 5%.	
$	11,850,000	
Less: bond discount, net	 	(99,314)	
Bonds Payable, Net	$	11 750 686	

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2018 are as follows:

Year Ending
September 30, 	Principal	 	Interest	Total	

2019	$	$	585,125	$	585,125	
2020	185,000	580,963	765,963	
2021	190,000	572,525	762,525	
2022	200,000	563,750	763,750	
2023	210,000	554,525	764,525	
2024-2028	1,205,000	2,615,850	3,820,850	
2029-2033	1,525,000	2,281,875	3,806,875	
2034-2038	1,950,000	1,850,000	3,800,000	
2039-2043	2,480,000	1,298,250	3,778,250	
2044-2048	3,175,000	595,125	3,770,125	
2049	 	730 ODO		18 250	748 250

Totals	 	$	11 850 000	$	11516238	$	23,366,238

Bannon Lakes Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2018

NOTE E - LONG-TERM DEBT (CONTINUED)

Significant Bond Provisions

The Series 2016 Bonds are subject to redemption at the option of the District prior to their maturity, in whole or in part, at any time after November 1, 2028 at a redemption price equal to the principal amount of the Series 2016 Bonds together with accrued interest to the date of redemption.
The Trust Indenture established certain amounts be maintained in a reserve account. In addition, the Trust Indenture has certain 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.

Depository Funds
The bond resolution establishes certain funds and determines the order in which revenues are to be deposited into these funds. A description of the significant funds, including their purposes, is as follows:
Reserve Fund - The 2016 Reserve Account was funded from the proceeds of the Series 2016 Bonds in an amount equal to the maximum annual debt service requirement. Monies held in the reserve account will be used only for the purposes established in the Trust Indenture.

Special Assessment Bonds Reserve		Reserve Balance	Requirement

$	385,750

NOTE F - ECONOMIC DEPENDENCY

$	385,750

The Developers own a significant portion of land within the District. The District's activity is dependent upon the continued involvement of the Developers, the loss of which could have a material adverse effect on the District's operations. At September 30, 2018, all board members are affiliated with the Developers.

NOTE G - 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 for which the government carries commercial insurance. There were no claims or settled claims from these risks have not exceeded commercial insurance coverage.

f" tt Berger, Toombs, Elam,
Co,, Gaines & Frank
Certified Public Accountants Pl
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX, 772/468-9278

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
Bannon Lakes Community Development District St. Johns County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Bannon Lakes Community Development District, as of and for the year ended September 30, 2018, and the related notes to the financial statements, and have issued our report thereon dated June 21, 2019.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered Bannon Lakes Community Development District's internal control over financial reporting 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 Bannon Lakes Community Development District's internal control. Accordingly, we do not express an opinion on the effectiveness of Bannon Lakes Community Development District's  internal control over financial reporting.

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 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 over financial reporting was for the limited purpose described in the first paragraph  of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Member AICPA

Fort Pierce / Stuart
- 28-
Member AICPA Division For CPA Firms
Private Companies Practice Section

Member FICPA

f8:t Berger, Toombs, Elam,

...o,,	Caines & Frank

To the Board of Supervisors
Bannon Lakes Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Bannon Lakes Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

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

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants
Fort Pierce, Florida June 21, 2019

- 29 -

f" tt Berger, Toombs, Elam,
Ccf., Gaines & Frank
Certified Public Accountants PL

600 Citrus Avenue
Suite 200
Fort Pierce; Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278	MANAGEMENT LETTER
To the Board of Supervisors
Bannon Lakes Community Development District St. Johns County, Florida

Report on the Financial Statements

We have audited the financial statements of the Bannon Lakes Community Development District as of and for the year en.ded September 30, 2018, and have issued our report thereon dated June 21, 2019.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States; 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 Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor's Report on an examination conducted in accordance with A/CPA Professionals 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 21, 2019, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. The findings or recommendations in the preceding audit were corrected in the preceding audit.

FinancialCondition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not Bannon Lakes Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that Bannon Lakes Community Development District did not meet any of the conditions described in Section 218.503(1) Florida Statutes.

Member AICPA

Fort Pierce / Stuart
Member AICPA Oi igo For CPA Firms Private Companies Practice Section

Member F!CPA

)l	Berger, Toombs, Elam,

...rJ:, Gaines & Frank

To the Board of Supervisors
Bannon Lakes Community Development District

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for Bannon Lakes Community Development District. It is management's responsibility to monitor the Bannon Lakes Community Development District's financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same as of September 30, 2018.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to  communicate 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 warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

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, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 21, 2019

- 31 -

NINTH ORDER OF BUSINESS

SECOND AMENDMENT TO THE AGREEMENT FOR POND MANAGEMENT SERVICES BY AND BETWEEN BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT AND LAKE DOCTORS, INC.
This Second Amendment ("Second Amendment") is made and entered into this       day of August, 2019, by and between:
Bannon Lakes Community Development District, a local unit of special­ purpose government established pursuant to Chapter 190, Florida Statutes, being situated in St. Johns County, Florida, and whose mailing address is 475 West Town Place, Suite 114, World Golf Village, St. Augustine, Florida 32092 (the "District"), and

The Lake Doctors, Inc., a Florida corporation, whose address is 3543 State Road 419, Winter Springs, Florida 32708 ("Contractor" and, together with the District, the "Parties").

RECITALS

WHEREAS, on July 19, 2017, the District and the Contractor entered  into an agreement for pond maintenance services (the "Original Agreement"), which was subsequently amended on January 16, 2018 (the "First Amendment," together with the Original Agreement, the "Services Agreement") and are attached hereto as Composite Exhibit A; and

WHEREAS, pursuant to Section 18 of the Original Agreement, the parties desire to amend the Agreement as set forth in more detail below and in Contractor's proposal attached hereto as Exhibit B; and

WHEREAS, each of the parties hereto has the authority to execute this Second  Amendment and to perform its obligations and duties hereunder, and each party has satisfied all conditions precedent to the execution of this Second Amendment so that this Second Amendment constitutes a legal and binding obligation of each party hereto.

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

SECTION 1. The Agreement is hereby affirmed and the parties hereto agree that it continues to constitute a valid and binding agreement between the parties. Except  as described in Section 2 of this Second Amendment, nothing herein shall modify the rights and obligations of the parties under the Agreement. All of the remaining provisions, including, but not limited to, the engagement of services, indemnification and sovereign immunity provisions, remain in full effect and fully enforceable.

SECTION 2. The Agreement is hereby amended as follows:

The term of the Agreement is hereby renewed such that the term of the Agreement shall expire on September 30, 2020, unless terminated earlier in accordance with Section 11 of the Original Agreement.

Compensation is hereby amended to reflect the rates pursuant to Contractor's proposal attached hereto as Exhibit B. Such payment shall be due and payable in accordance with the terms of the Services Agreement.

SECTION 3. To the extent that the terms of the Services Agreement or the Proposal conflict with the terms set forth in Section 2 above, the terms of the Services Agreement and Second Amendment shall control.

SECTION 4. All other tenns of the Services Agreement shall remain in full force and  effect and are hereby ratified.
IN WITNESS WHEREOF, the parties hereto have signed this Second Amendment  to the Agreement on the day and year first written above.

ATTEST:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By: 	_

Chairperson, Board of Supervisors

THE LAKE DOCTORS, INC., a Florida
corporation

By: 	_

Its:---------------

Exhibit A: Exhibit B:

Original Agreement and First Amendment Renewal Proposal

Exhibit A

AGREEMENT BETWEEN BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT AND THE LAKE DOCTORS, INC.
FOR POND MAINTENANCE SERVICES
This Agreement ("Agreement") is made and entered into this l1_ day of
_:::c;q'' ,1,,lf---•2017 by and between:
\J
annon Lakes Community Development District, a local unit of special­ purpose government established purslllUlt to Chapter 190, Florida StatuJes, being situated in SL Johns County. Florida, and whose mailing address is  475  West Town Place, Suite l14, World Golf Village, St Augustine, Florida 32092 ("District"); and

The Lake Doctors, Inc., a Florida corporation, whose address is 3543 State Road  419, Winter Springs, Florida 32708 (hereinafter "Contractor'\ together with District the "Parties").
RECITALS
WHEREAS, lhc District is a local unil of special-purpose government established pursuant lo the Uniform Community Development District Act of 1980, as codified in Chapter 190, Florida Slatutes ("Act"); and

WHEREAS, the District was established for the purpose of planning, financing, constructing1  operating and/or maintaining certain infrastructure; and
WHEREA S1  the District owns, operates and maintains 4 ponds ("Ponds"); and
WHEREAS, the District desires to enter into an agreement with an independent contractor to provide pond me.intcnancc services for the Ponds; and

WHEREAS, Contractor submitted a proposal and represents that it is qualified to provide pond maintenance services and has agreed to provide to the District those services identified in Exhibit A, attached hereto and incorporated. by reference herein ("Services"); and

WHEREAS, the District and Contractor warrant and agree that they have all right, power and authority to enter into and be bound by this Agreement.

Now, THEREFORE, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of,vhich arc hereby acknowledged by the Parties, the Parties agree as follows:

SECTION I.	INCORPORATION  OF RECITALS.	The recitals so stated are true and
correct and by this reference are incorporated into and form a material part of this Agreement.

SECTION 2.	DESCRIPTION or,von.K ANDSERVJCK'5,

The District desires that the Contractor provide professional pond maintenance services v.ithin presently acccpled standards. Upon all Parties signing this Agreement, the Contractor shall provide the District with the Services identified in Exhibit A.

While providing the Services, the Contractor shall assign such staff as may be required, and such staff shall be responsible for coordinating, expediting, and controlling all aspects to assure completion of the Services.

The Contractor shall provide the Services as shown in Section 3 of this Agreement. Contractor shall solely be responsible for the means, manner and methods by which its duties, obligations and responsibilities are met to the satisfaction of the District

This Agreement grants to Contractor the right to enter the lands that are subject to this Agreement., for those purposes described in this Agreement, and Contractor hereby agrees to comply with all applicable laws, rules, and regulations,

SECTION 3. SCOPE OF POND 1\'IAINTENANCE S:ERVICES. The Contractor will provide pond maintenance services for the Ponds within the District. The duties, obligations, and responsibilities of Contractor are to provide the material. tools, skill and labor necessary for the Services attached as Exhibit A. To the extent any of the provisions of this Agreement are in conflict with the provisions of Exhibit A, this Agreement controls.

SECTION 4.	M;\.NNER OF CONTRACTOR'S PERFORMANCE. The Contractor agrees, as
an independent contractor, to undertake work and/or perform such services as specified in this Agreement or any addendum executed by the Parties or in any authorized written work order by the District issued in connection with this Agreement and accepted by the Contractor. All work shall be performed in a neat and professional manner reasonably acceptable to the District and shall be in accordance with industry standards. The perfonnance of the Services by the Contractor under this Agreement and related to this Agreement shall conform to any v.'tltten instructions issued by the District.

Should any work and/or services be required which are not specified in this Agreement or any addenda, but which are nevertheless necessary for the proper provision of services to the District, such work or services shall be fully performed by the Contractor as if described and delineated in this Agreement.

The Cont.ractot agrees that the District shall nol be Hable for the payment of any work or services not included in Section 3 unless the District, through rut authorized representative of the District, authorizes the Contractor, in writing, to perform such work.

The District shall designate in writing 11 person to act as the District's representative with respect to the services to be performed under this Agreement. The District's representative shall have complete authority to transmit insl.nlctions, receive information,

2

ir1terpret and define the District's policies and decisions with respect to materials, equipment, elements, and systems pertinent to the Conlraclor's services,

The District hereby designates the District Manager to act as its representative.

Upon request by the District Manager, I.he Contractor agrees to mcel ,1/ith the District's representative to walk the property to discuss conditions, schedules, and items of concern regarding this Agreement

Contractor shall use all due care to protect the property of the District, its residents, and landowners from damage. Contractor agrees to repair any damage resulting from Contractor's activities and work within twenty-four (24) hours.

SECTION 5.	COMPENSATION; TERM.

As compensation for the Services described in this Agreement, lhe District agrees to pay the Contractor Four Hundred Sixty-Five Dollars (S465.00) per month. The term of this Agreement shall be from July 1, 2017 through June 30, 2018 unless tenninated earlier by either party in accordance with the provisions of this Agreement.

If the District should desire additional work or services, or to add additional areas to be maintained, the Contractor agrees to negotiate in good faith to undertake such additional work or services. Upon successful negotiations, the Parties shall agree in writing lo an, addendum, addenda, or change order to this Agreement. The Contractor shall be compensated for such agreed additional work or services based upon a payment amount acceptable to the Parties and agreed to in writing.

The District may require, as a condition precedent to making any payment to the Contractor that all subcontractors, materialmen, suppliers or laborers be paid and require evidence, in the form of Lien Releases or partial Waivers of Lien, to be submitted to the District by those subcontractors, material men, suppliers or laborers, and further require that the Contractor provide an Affidavit rdating to the payment of said indebtedness. Further, the District shall have tlie right to require, a'l a condition precedent to making any payment, evidence from the Contractor, in n form satisfactory to tl1c District, that any indebtedness of the Contractor, as to services to the District, hns been paid and that the Contractor has met all of the oblig11.tions with regard to the withholding and payment of taxes, Social Security payments, Workmen's Compensation, Unemployment Compensation contributions, and similar payroll deductions from the wnges of employees.

TI1e Contractor shall maintain records conforming to usual accounting practices. As soon as may be practicable at the beginning of each month, the Contractor shall invoice the District for all services perfonned in tbe prior month and any other sums due to the Contractor, The District shall pay the invoice amount witltln thirty (30) days after the invoice date. The Contractor may cease performing services under this Agreement if any payment due

3

hereunder is not pnid within thirty (30) days of the invoice date. Each monthly invoice  will  include such supporting information as I.he District may reasonably requite the Contractor to provide,

SECTION 4.	INSURANCE.

The Contractor shall maintain throughout the term of this Agreement the fo1lowing insurance:

Worker's Compensalion lnsurnnce in accordance with the laws of
the State of Florida.

Commercial General Liability Insurance covering the Contractor's legal liability for bodily injuries, with limits of not less than
$1,000,000 combined single limit bodily injury and property­ damage 1iability, and covering at least the following hazard :

Independent Contractors Coverage for bodily injury and property damage in connection with any subcontractors' operation.

Employer's Liability Coverage with limits of at least $1,000,000 (one million dollars) per accident or disease.

Automobile Liability Insurance for bodily injuries  in limits of not less than Sl,000,000 combined single limit bodily injury and for property damage, providing coverage  for any accident  ru·ising  out of or resulting from the opemtion, maintenance, or use by the Contractor of any owned, non owned, or  hired  automobiles,  . trailers, or other equipment required to be licensed.

The District, its staff, consultants and supeivisors shall be named as additional insured, The Contractor shall furnish the District with the Certificate of lnsurnncc evidencing compliance with this requirement. No certificate shall be acceptable to the District unless it provides that any change or temtlnation within the policy periods of the insurance coverage, as certified, shnll not be effective within thirty (30) days of prior \\'l"itten notice to the District. Insurance coverage shall be from a  reputable insurance carrier, licensed to conduct business in the State of Florida.

If the Contractor fails to have secured and maintained the required insurance, the District has the right but not the obligation to secure such required insurance in which event the Contractor shall pay the cost for that required insurance and shall fi.tmish, upon demand, all information  that may be required in connection with the Districl's obtaining the required insurance,

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SECTION 5.	INDEMNIFICATION.

Obligations under this section shall include the payment of all settlements, judgments, damages, liquidated damages, penalties. forfeitures, back pay awards, court costs, arbitration and/or mediation costs, litigation expenses, attorney fees, and paralegal fees (incurred in court, oul of court, on appeal, or in bankruptcy proceedings) as ordered.

Contractor agrees to indemnify and hold harmless the District and its officers, agents and employees from any and all liability, claims, actions, suits or demands by any person. corporation or other entity for injuries, death, property damage or of any nature, arising out of. or in connection with. the work to be performed by Contractor, including litigation or any appellate proceedings with respect thereto. Contractor further agrees that nothing herein shall constitute or be construed as a waiver of the District's limitations on liability contained in Section 768.28, Florida Statutes, or other statute.

In no event, however, shall Contractor be liable for incidental, special, punitive or exemplary damages in connection with this Agreement, even if notice was given of the possibility of such damages and even if such damages were reasonably foreseeable.

SECTION 9.	LIMITATIONS  ON GOVERNMENTAL  LIABIUTY.	Nothing in this
Agreement shal1 be deemed as a waiver of the District's sovereign immunity or the District's limits of liability as set forth in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under such limitations of liability or by operation oflaw.

SECTION 6.	COMPLlANCE WITH GOVERNMENTAL REGULATION. The Contractor
shall keep, observe, and perform all requirements of applicable local, State, and Federal laws, rules, regulations, or ordinances. If the Contractor foils to notify the District in writing -.vithin five (5) days of the receipt of any notice, order, required to comply notice, or a report of a violation or an alleged violation, made by any local, St8.te, or FederaJ governmental body or agency or subdivision thereof with respect to the services being rendered under this Agreement or any action of the Contractor or any of its agents, servants, employees, or material.men, or with respect to terms, wages, houn;, conditions of employment, safety appliances, or any other requirements applicable to provision of services, or fails to comply with any requirement of such agency with.in five {5) days after receipt of any such notice, order, request to. comply notice, or report of a violation or an alleged violation, the District may terminate this Agreement, such tcnnination to be effective upon the givhig of notice of termination,

SECTION 7. LIENS AND CJ,AIMS. 11\e Contractor shall prompt_ly and properly pay for all labor employed, materials purchased, and equipment bfred by it to perfom1 under this Agreement The Contractor shall keep the District's property free from any materialmen's or

5

mechanic's liens and claims or notices in respect to such liens and  claims, which arise by  reason  of the Contractor's performance under this Agreement. and I.he Contractor shall immediately discharge any such claim or lien, In the event that the Conlraetor  does not  pay or satisfy such claim or lien within three (3) business days after the filing of notice thereof,  the  District1 in addition to any and all other remedies available under this Agreement, may tem1inate this Agreement to be effective immediately upon the giving of notice of termination.

SECTION 8.	DEFAULT ANO PROl'ECTION AGA.INSTTlnRD PARTY INTERFERENCE. A
default by either party under thls Agreement shall entitle  the other  to all  remedies  available a1 law or in equity, which may include, but not be limited to, the right of damages, injunctive relief, and/or specific performance. The District shall be solely  responSible  for  enforcing  its  rights under this Agreement againsl any interfering third party. Nothing contained in this Agreement shnll limit or impair the District's right to protect its rights from interference by a third party to lhis Agreement

SECTION 9.  CUSTOM  AND  USAGE.  It  is hereby  agreed, any  law, custom, or usage  to the contrary notwithstanding, that the District shall have the right at all times to enforce the conditions and agreements contained in this Agreement in strict accordance with the tenns of this Agreement, notwithstanding any conduct or custom on the part  of  the District in refraining from  so doing; and further, that the failure of the District at any time or times to strictly  enforce its rights under this Agreement shall not be constrned as having created a custom in any way or manner contrary to the specific conditions and agreements of this Agreement, or as having in any way modified or waived the same.

SECTION 10. SUCCESSORS. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors, and assigns of the Parties to this Agreement, except as expressly limited in this Agreement.

SECTION 11. TERMINATION. The District agrees that the Contractor may tenn.inate this Agreement with cause by providing thirty (30) days' written notice oftenninalion to the District stating a failure of the District to perfonn according to the terms of this Agrccmcntj provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. The Contractor agrees that the District may tenuina.te this Agreement immediately for cause by providing written notice of termination to the Contractor. The District shall provide tl1irty (30) days' written notice of termination without cause. Upon any tennination of this Agreement., the Contractor shall be entitled to payment for all work and/or services rendered up until the effective tennination of this Agreement, subject to whatever claims or off­ sets the District may have against the Contractor.

SECTION 12. PERM:ITS AND LICENSES. All permits and licenses required by any governmental agency directly for the District shall be obtained and paid for by the DistricL All other permits or licenses necessary for the Contractor to perfonn under this Agreement shall be obtained and paid for by the Contractor.

SECTION 13. ASSTGNl'.IENT. Neither the District nor the Contractor may  assign  this Agreement without the prior written approval of the other. Any purported assignment without

6

such approval shall be void.

SECTION 14. INDEPENDENT CONTRACTOR STATUS. In all matters relating to  this Agreemcnl, the Contractor shall he acting as au independent contractor. Neither the Contractor nor employees of the Cont ractor1 if there are any, are employees of U1e District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The Contractor agrees to assume all liabilities or obligations imposed by any one or more of such laws with respect to employees of the Contractor, if there are any, in the perfonnance of this Agreement. The Contractor shall not have any authority  to assume or create any obligation, express or implied, on behalf of the District and the Contractor shall have no authority to represent the District as an agent, employee, or in any other capacity. unless
otherwise set forth in this Agreement.

SECTION 15, HEADINGS FOR CoNVENl.ENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.

SECTION 16. ENFORCEMENT OF AGREEMENT. A default by either Party Wlder this Agreement shall entitle the other Party to all remedies available at law or in equity. In the event that either the District or the Contractor is required to enforce this Agreement by  court proceedings or otherwise, then the prevailing Party shall be entitled to recover all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 17, AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the Parties relating to the subject matter of this Agreement. To the extent there is any conflict between the tenns of this Agreement and the tenns set forth in Exhibit A, the tenns of this Agreement shall control.

SECTION 18, Al\.ffiNDl\.ffiNTS, Amendments to and  waivers of the provisions  contained in this Agreement may be made only by an instrument in writing which is executed by both the Parties.

SECTION 19. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the Parties, the Parties have complied with all the requirements of law, and the Parties have full power and authority to comply with the terms and provisions of this AgreemenL

SECTION 20. NOTICES. All notices, requests, consents and other communications under this Agreement {"Notice" or 1'Notices") shall be in writing and shall be hnnd delivered, mailed by First Cla,;s Mail, postage prepaid, or sent by overnight delivery service1 to the Parties, as follows:
lfto  District:	Bannon Lakes Community Development
District
475 West Town Place, Suite 114
World Golf Village

7

With a copy to:

U to the Contractor:

St. Augustine, Florida 32092
Attn: Dislricl Manager

Hopping Green & Sams, P.A. l19 S. Monroe Street, Suite 300 Tallallassee, Florida 32301 Attn: District Counsel

The Lake Doctors, Inc. 3543 State Road 419
Winter Springs, Florida 32708 Attn: Mark Seymour

Except as otl1erwise provided in this Agreement, any Notice. shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contnined in this Agreement would otherwise expire on a non­ business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded us business days. Counsel for the District and counsel for the Contractor may deliver Notices on behalf of the District and the Contractor. Any party or other person to whom Notices are to be sent or copied may notify the Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth in tp.is Agreement.

SECTION 21. THIRD PARTY BENEFICIARIES, This Agreement is solely for the benefit of the Parties hereto and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party lo this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed lo confer upon any person or corporation other than the Parties hereto any right, remedy, or claim under or by reason of this Agreement or any of the provisions or conditions of this Agreement; and nil of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the Parties hereto and their respective representatives, successors, and assigns.

SECTION22. CONTHOLLING LAW AND VENUE. ·n1is Agreement and the provisions cont.aincd in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. All actions and disputes shall be brought in the proper court and venue, which shall be SL Johns County, Florida,

SECTION 23. COMPLIANCE WITH PUBLIC RECORDS LAW'S, Contractor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Conlrnctor agrees to comply with all upplicable provisions of Florida law in handling such records, including but not limited, to Section 119.0701, Florida Statutes. Among other requirements and to the extent applicable by law, Contractor shall I) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian. provide the District with the requested

8

public records or allow the records to be inspected or copied within a rensonable time period at a cost that docs not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract tenn Wld following the contract term if Contractor does not transfer the re.cords to the Public Records Custodian of the District; and 4) upon complelion of the contract, transfer to the District., at no cost, all public records in Contractor's possession or, alternatively, keep, maintain and meet all applicable requirements for retaining: public records pursuant to Florida laws. When such public records are transferred by Contractor, Contractor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. AIi records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats. Contractor acknowledges that the designated Public Records Custodian for the District is James Oliver.

IF CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT 1-904-940-5850, JOLIVER@GMSNF.COM, AND 475 WEST TOWN PLACE, SUITE 114, WORLD GOLF VILLAGE, ST. AUGUSTINE, FLORIDA 32092.

SECTION 24. SEVERAlllLlTY. The invalidity or unenforceability of any one or more provisions of thls Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of ttus Agreement not held to be invalid or W1enforceable. ·

SECTION 25. ARM'S LENGTH TRANSACTION. This Agreement has been negotiated fully bet.ween the Parties as nn ann's length transaction. The Parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, Lhe Parties are each deemed to have drafted, chosen, and selected the language, and any doubtful language will not be interpreted or construed against any party.

SECTION 26. COUNTERPARTS. This inslrument may be executed in any number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgment p.1ges, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

9

IN WITNESS 'WHEREOF, the Patiies hereto have signed and sca.1ed this Agreement on
the day and year first v.'Titten above.

Attest:	BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT

Secretafy(Assistant Seeretary

By: _

_.£ [1ll;!!..-c(ll1.C.!l.illf10'.¥	_

Board o'f.Supervisors

 Jessica Mendez	 Print Name of Witness

Exhibit A: Proposal

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THE LAKE DOCTORS, INC.

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EXHIBIT A

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for pc,i,d m:i.irrlcrt,aiJli.:.t oc-i,·iaxs (tht "A,gn::·,."lh<:'l'tl"'), which i... ltllachut hcrt-to n5 F.xhihil A: and
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WtfT,REAS., l:'J'iCh uf !ht: f«llC', h<::trhl h.a:. tho:: J¥Jth1'rily to Cl(O.'.;\l1C lhis Firs!t ,\rn,-::ndrru:nt arA to pmorm i'a (,bllf,:ati<'11s imti duties hav.mdtr. &r,d -riK-l; p!IJ1},' MS satisfo:d fill .:ondit.i,.m:. 1:r«xde:ii! to lh.: e=utu.m uf tlii fi:tt-1 A.=iJmorl liO tlui thi fir:.t Am,:,-.dment (•XJ.rlitutt,,: a ltjl;;ll n,J hini.hri.e 1ihlig:dim1 of <."-ii,:h 1"¢rly ·to

Now, Hil!.RF.1'1.lkl!, 1-,a d up."ll fl/";J :iOd vahahl>! IX'-0$Kkt IL'Wi the  mu n! row1.mnt$ of 1hc pa.'1:ics, the «:r:c:if1 of which a.."Iid !Mffis:x:r.cy (1f which ate htt;!'by a.:. wl<'.·dgc.d, tfl('.' Oirttict twd ti:,;:: l. W if!!;:;: H, f,.,JlDWL

Stenos I.   lk  1\greerru:T.J  is hacl:ly affm:ncJ anJ th.: part.ics b.."ti:1<1	that ii wn:h:e,e.:-,; tn ,;:.-1n$litu-k II vdiJ an1t brr.ding }.r,n:crru;nt bci.wtt, !hr::- partki Fx.rcpt a \'k$c1·ibed m ti,m 1 of !hh Fh-1 Arnrn,faµ:n1, ootfor4 ):.:n.in '!'JuH rf\.:..::l,fy Ux:: l"ig.hu wki c-.bl.igii!i<'.l-fL'i. of
!he pMtie£ u..qdct I.ht: A&1ec1nem. All of the 1tm:l.Ll'1t p. w1:::kmi>., indw.iinp,., f1t.U hl.'4 lm.!J«xl 1•J. the im t uf '-ke:., imkmniii.ooion W w,-cmp; i:mmrnrity prov:rioo.s. main in ii.ill eff«:t s:n& fully tnfcrt--t:abk.

The tenn cir the AgreetT.ent  is hereby rene-.vcd ,;uch l&t the tc.r::n of tl:it
Agreement  11.h:all  expire on Sc-ptrn1bcr  J-0, 2-019, 1m!e;s  termiUJ.teJ  ditliL-r 1n
11CC0fd.1."1Ct   w-:lh  St:.ctioo  11 of  the  Ap-ttm-mt.   Nv-tw-.itfLtj;m,-jmg: the &k  &.l

which thi.s Fin1 Anx:ndmelll in c,,;cui.,J, i,i,,  f i,   /ur,cnd1tU;1ll ma.II be dfe<:tive i, uf July I , '201S, ud , thal ti;:, wmp l e tmn <if the Ag,ec,oc 1il wil be a !rint lc, fOl'.llirnJO<L'>, term. and du: p1tiVisfo<IS of tbc ,\grremcnt shal! rr.1ll"i.n in [ON:c
.!tiring the full tmn of tho Ag:rc,:rr,cnl

Sr .,1.; ll {m  l.	Ail otlln icrms of th;, Aw r,cmcnst s h all m,win in ftlli fi>rt:e = I dl'cct at.<!
aic bc:-cby ratified ,

IN Wl1' NJl.',;S Vl'lJ F..RF,01  1,  Inc p.,. rt.ies h<rct•) !u1'ru ;sign<.'<! this l'im Aml:l:,dm,;:ni  lo the:
Ag1« rn,ent on 1hr. <hy·.,,.i ye , ti .t w tl tu:l!l ah o\'c.

BANNON LAKFS COMMUNll\'
ll t VRl ,Ol'MErf r 1)1STRJCT

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nm I.AKF. [)OC'TORS, INC., II Mo-.i1i11
c )rpnrU!N;m

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Exlllbit B:

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Exhibit B to First Amendment

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Exhibit B

The Lake Doctors1   Inc.

-- Aquatl.c Management Servkle.s •

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Water Management Agreement

MAS/723475 R

Thill Ag emenl, made thi-s   -   -   -   -   -   -   -	day or  	2_1$ between The l.8ke Doclore, Inc., a
F!Qrlda Cofpofalioo, hereinafter celled "THE LAKE DOCTORS" and

NAM_E _ _ _

_ _ _ _ _

_ _ _ _ _

_ _ _ _

_ _ _

_ _ _ _ _ _

_ _ _

_ _ _ _ _ _

BIWNGAODRES_S  _

_ _ _ _

_ _ _ _

_ _ _ _

_ _ _ _

_ _ _

_ _ _

_ _ _

_ _ _ _

CIT_Y _ _

_ _ _

_ _ _ _ _

_   _	STATE  	ZIP  	?t-lONE(

IF YOU WOULD LIKE YOUR INVOICE EMAILED, CHECK HERE:   

EMAIL ADDRESS .-:-=--	-=-----=--c---  -=---:-- -,-,-= =	­

Hereinafter ca11ed "CUSTOMER" The parties hereto agree to follow,:

REQUESTED START DATE:   	
PURCHASE ORDER#: 	_

A.. THE LAKE DOCTORS agrees lo manage certain lakes and/or waterways for a period of twelve {12) months from th& date of execution or thla Agreem&nt In acco11181lCo with the teons and condilioM of this Agreeroont in the following localiOn( s):
Four 14) ponds associated wilh Bannon Lakes COD, St. Augustine, Flo!ida.

lnclUdes a minimumof twelve ( 12) lospectioos aod treatments, ar. necessary, for control and preve11tlon of noxious aquatic weeds and algae. SOnileo will c:ease effective August 1, 2018 If tho slgood Agreement Is not retumed. Noto• #11 on Terms & Conditions does not apply.

CUSTOMER agrees to J>!IV THE LAKE DOCTORS. its a!l(!nls or assigns, the folowing sum for specified aquatic management r.ervicea:

Undetwater and Floating Vegetation Conltol Program	$	466 .00 monthly
Shofefine Grass and Brt.lSh Control Program	$	_l""CN,:;=L.,:D:cE,"-'=D---  -    -    -    -
Free CaDback Service	S	...,clN.;.,C-=-=LU.D:::c.EcccDce,.__   _   _   _   _
Monthly Written Service Reports	$	...,l::N-c:C-=-':"L:'=UD-E: =D-=--    -    -    -
Additional Treatments, if required	$	_lNC_L_U_D_-E_-D - - -
Total of Stl1Vlces Aocopted	$	465.00 monthly
$0.00 of the above sum.total shall be duo and payable upon exec:ution of this Agreement, the balance &hall bo payable in advance in monthly installmonls of $466,00, including any additional eott& such as sales taxes, pernvlling lees. monltortng. mp<l(tlng, water les n9 and related costs ll\llfldoted by any govemmenlal or rll{lulatory body related to service under this Agreemeot.
THE LAKE DOCTORS uses products which, in lls sole discretion. will p1ovide elfectiv& and ,are results.
THE LAKE DOCTORS agreea to commence treatment within fifteen (15) business da}'II, weather permitting, from Ille date of receipt of tllia executed Agreement plus Initial deposit end/or required govomment pmmils.

The offer conlalned herem is wllhdrawn 1111d this Agret:imanl shall have no further force and efltld unlcgs executed and returned by CUSTOMER lo THE LAKE DOCTORS oo or boforo July 16, 2018.

The l&rms aod conditions appearing on the rnvenc side foon an integral part of this Agreeme,nt and CUSTOMER hmeby ecknowlodges that he ha$ read and Is familiar with the contents thereof. Agreement musl be returned in s entirety to be considered valid.
THE LAKE DOCTORS, INC.	CUSTOMER

Signed    /ti	S no_d   _   _   _   _   _   _

_ _ _

_	oa d _

Name _ _ _ _ _ _ _

_ _ _

_ _ _ _ _ _ _

()312016	e lHE lAKE OOCT S. INC .

Exhibit B

Aglo =rt.. :,"t

MASr723475 R

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Water Management Agreement

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CITY

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REQUESTED snm DATE:   	

PORaiA5':0AOUlt: 	

efLUHG AOORESS	 	
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A.   Tl-E LNG- 00::1005 :,	b  tr (1Qa c«'.:ir.W.o-. ct'd'?-•  1f,x a1. rx,ibd cl ..oit?I	½-cff-.N cl
i;. "1. - ri: t!m liq-- f'<	wt!h d-4 '-= ::a."'I:!	ii hi  Av:,,=r-..rt ir. h;i  !	on( }:
i:our(.()	=.=cii:s1..,dwith Bannca t..atesCOO. &	tN,Fbrida
I	eii-im..."'!'T cl t,i, ,:i (12} t	:...-.:! tr.:, .:n:,:, r.cc=1, '-"«:m!cl 4t'.:! pro.- ..t.d l"Ql;cu, b:
i:rd  -	Se, 'lll1ff ceHe e-	Se,Pfe-:ml)et 1. 2019 it tm	Agreeme-m IS no-i returned.. NoE'·lll t I
on Terms & tona11:11«1s-ooes Ml apptr.
a  CLJSTOMtR qooi t,:,	1HE  lAKt  00:iORS.  e. .!'.Qcn!!: CJ"    .	1'111 iok»irq tum IC!' g,ooiQd 11.ql.ll1!ic
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, so..oo   tM .tote it.m-tOtal &!lad	an4 para U{Xm '11on OI ,m Ag mem. 1 bila.'\Oa 'ul 00Pia' in
r.11"1:oll in m,;,,vlft jr17.3!ffllQl'1t:; cf $475.00. fndrii"q m'f( :,:i:foi:.F\.lll cazl!i $I.ch H =lw. bl . p,;!om',1:!i I.xi!..
topor".t"l9. W/l.!1:1'	:crl	QC	bJ' 1Jtff   ,Wl"llllQr'a'.:ii  Of  t	rrk:100 b         ,i:_	Irk;
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C 'TH,: !Al(f 00::>0P-S =	•hic:h. iii i:::a	d::,;i-;ti.;,!'I,•il p>wio;i d" .-<i ;:n;:i !;i .
D.   lit: lAKE CO::lef."S ;a    t::- ==	TW  n! w.'hr, lffeen (1$    ..;;Cir{:c. WGll':   .	lrllffl	Qt;;,
olt  ol:"11'$. wg,:::     pi..s iru  ci	i:n::l.'ot !'il(jW;,;!\P-1 :;=,
L Th,;. olii.t CO"i'  t-.:.:-W"!	'Ml ctri me   ,;rt    Qmfuthc.f  lofe4 :rd  o!fi:.ct	CUlCul :n:!
r tr,C!JSTCflf:P.:1:1TI-I[ lAl<'.t D:X:TORS cr,a" At.>;tr.!152,'1l19.
Tt-.;,	.Yd e«dtit)M    ru,i rtt-.:. r.,,,...	b=    ,:,-. in   l  "te! tlu-.c	::ird CtlSTOMEH hu.bf
,	r,;:,;,d u.:! ii:. bmi'fa1r -	U",;i, cm=	-	A 4;rt. mr.t bi, r'1t!.lrmd fl  it,   cntir.;t,"b b:.
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ATTACH PAYMENT HERE

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Th l	I,	D	ct	I

Corporate Offices
3543 Stale Road 419 Winter Springs, fl 32708

1-800-666-5253
lako,@lakedocton.com
Aquatic Management Services	III	www.lakedocton.com
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Water Management Agreement
MAS/723475 R
This Agreement, made this  	 day of  	20_is between The Lake Doctors, Inc., a Florida Corporation, hereinafter called "THE LAKE DOCTORS" and
NAME    &nnon	La.'l.es	C.DD
s1LuNGADDREss   415	Wes	Tow11	PLuc..a.	su.,te., 1\1..\
cnY	S1.1'1;09u.s.ti n,e,,	sTATE	FL	z1P ;2092 PHONE ('I 9'-lo-5eso EMAIL ADDRESS  				 IF YOU WOULD LIKE YOUR INVOICE EMAILED, CHECK HERE: -

Hereinafter called "CUSTOMER" The parties hereto agree to follows:

REQUESTED START DATE:    		 PURCHASE ORDER#: 	_

THE LAKE DOCTORS agrees to manage certain lakes and/or waterways for a period of twelve (12) months from the date of
execution of this Agreement in accordance with the terms and conditions of this Agreement in the following !ocation(s): Four (4) ponds associated with Bannon Lakes COD, St. Augustine, Florida.
Includes a minimum of twelve (12) inspections and treatments, as necessary, for control and prevention of noxious aquatic weeds and algae. Service will cease effective September 1, 2019 if the signed Agreement is not returned. Note - #11 on Terms & Conditions does not apply.
CUSTOMER agrees to pay THE LAKE DOCTORS, its agents or assigns, the following sum for specified aquatic management services:

Underwater and Floating Vegetation Control Program
Shoreline Grass and Brush Control Program
Free Callback Service
Monthly Written Service Reports
Additional Treatments, if required Tota! of Services Accepted

$	 475.00 monthly
$	 INCLUDED	
$	 INCLUDED	
$	 INCLUDED	
$	 INCLUDED	
$	 475.00 monthly	

$0.00 of the above sum-total shall be due and payable upon execution of this Agreement, the balance shall be payable in advance in monthly installments of $475.00, including any additional costs such as sales taxes, permitting fees, monitoring, reporting, water testing and related costs mandated by any governmental or regulatory body related to service under this Agreement.
THE LAKE DOCTORS uses products which, in its sole discretion, will provide effective and safe results.

THE LAKE DOCTORS agrees to commence treatment within fifteen (15) business days, weather permitting, from the date of receipt of this executed Agreement plus initial deposit and/or required government permits.

The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by CUSTOMER to THE LAKE DOCTORS on or before August 15, 2019.

The terms and conditions appearing on the reverse side form an integral part of this Agreement, and CUSTOMER hereby acknowledges that he has read and is familiar with the contents thereof. Agreement must be returned in its entirety to be considered valid.
THE LAKE DOCTORS, INC.	CUSTOMER

Signed   A(
MARK A. SEYMOUR SALES MANAGER

Signed 	Dated 			_ Name  			

TERMS AND CONDITIONS
1} The Underwater and Floating Vegetation Control Program will be conducted In a manner consistent with good water management practice using the following methods and techniques when applicable.
Periodic treatments to maintain control of noxious submersed, floating and emersed aquatlc vegetation and algae. CUSTOMER understands that some beneficial
vegetation may be required In a body of water to maintain a balanced aquatic ecological system.
Determination of dissolved oxygen levels prior to treatment, as deemed necessary, to ensure that oxygen level is high enough to allow safe treatment. Additional routine water analysis and/or bacteriological analysis may be performed if required tor success of the water management program.
Where applicable, treatment of only one-half or less of the entire body of water at any one lime to ensure safety to fish and other aquatic !ife. However, THE LAKE DOCTORS shall not be liable for loss of any exotic or non-native fish or vegetation. Customer must also notify THE LAKE DOCTORS if any exotic fish exist in lake or pond prior to treatment.
CUSTOMER understands and agrees that for the best effectiveness and environmental safety, materials used by THE LAKE DOCTORS may be used al rates
equal to or lower than maximum label recommendations.
Triploid grass carp stocking, if included, will be performed at stocking rates determined the Florida Fish and Wildlife Conservation Commission permit guidelines.
CUSTOMER agrees to provide adequate access. Failure to provide adequate access may require re-negotiation or termination of this Agreement. g}	Control of some weeds may take 30-90 days depending upon species, materials used and environmental factors.
h}	When deemed necessary by THE LAKE DOCTORS and approved by CUSTOMER, the planting and/or nurturing of certain varieties of planls, which for various
reasons, help to maintain ecological balance.

2) Under the Shoreline Grass and Brush Control Program, THE LAKE DOCTORS will treat  border  vegetation  to  the  water's  edge  including,  but  not  limited  to torpedograss, cattails, and other emergent vegetation such as woody brush and broadleal weeds. Many of these species take several months or longer to  fully decompose. CUSTOMER is responsible for any desired physical cutting and removal.

3} CUSTOMER agrees to Inform THE LAKE DOCTORS In writing if any lake or pond areas have been or are scheduled to be mitigated {planted with required or beneficial aquatic vegetation). THE LAKE DOCTORS assumes no responsibility for damage to aquatic plants 1t CUSTOMER fails to provide such information in a timely manner. Emergent weed control may not be performed within mitigated areas, new or existing, unless specifically stated by separate contract or modification of this Agreement. CUSTOMER also agrees to notify THE LAKE DOCTORS, in writing, of any conditions which may affect the scope of work and CUSTOMER agrees to pay any resultant
higher direct cost incurred.

If at any lime during the term of this Agreement, CUSTOMER feels THE LAKE DOCTORS is not performing in a satisfactory manner, or in accordance with the terms of this Agreement, CUSTOMER shall inform THE LAKE DOCTORS, in writing, staling with particularity the reasons for CUSTOMER'S dissatisfaction. THE LAKE DOCTORS shall investigate and attempt to cure the defect. If, after 30 days from the giving of the original notice, CUSTOMER continues to feel THE LAKE DOCTORS performance is unsatisfactory, CUSTOMER may terminate this Agreement by giving notice {"Second Notice") to THE LAKE DOCTORS and paying all monies owing to the effective date of termination. In this event, the effective dale of termination shall be the last day of the month in which said second notice is received by THE LAKE
DOCTORS.

Federal and State regulations require that various water time,use restrictions be observed during and followlng some treatments. THE LAKE DOCTORS will notify CUSTOMER of such restrictions. It shall be CUSTOMER responsibility to observe the restrictions throughout the required period. CUSTOMER understands and agrees that, notwithstanding any other provision of the Agreement, THE LAKE DOCTORS does not assume any liability for failure by any party to be notified of, or to observe, the above regulations.

THE LAKE DOCTORS shall maintain the following insurance coverage and limits: (a) Workman's Compensation with statutory limits; (b) Automoblle Liability; (c) Comprehensive General Liability, Including Pollution Liability, Property Damage, Completed Operations and Product Liability. A Certificate of Insurance will be provided upon request. A Certificate of Insurance naming CUSTOMER as "Additional Insured" may be provided at CUSTOMER'S request. CUSTOMER agrees to pay for any additional costs of insurance requirements over and above that ls provided by THE LAKE DOCTORS.

Neither party shall be responsible for damages, penalties or otherwise for any failure or delay in pertormance of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders and regulations, curtailment or failure to obtain sufficient material,  or other force majeure condition  (whether  or not  of the same class or kind as those set forth above) beyond its reasonable control and which, by the exercise of due diligence, it Is unable to overcome. Should THE LAKE DOCTORS be prohibited, restricted or otherwise prevented or impaired from rendering specified services by any condit!on, THE LAKE DOCTORS shall  notify CUSTOMER of said condition and of the excess direct costs arising there from. CUSTOMER shall have thirty (30} days after receipt of said notice to notify THE LAKE DOCTORS in writing of any inabil11y lo comply with excess direct costs as requested by THE LAKE DOCTORS.

CUSTOMER warrants that he or she is authorized to execute the Water Management Agreement on behalf of the riparian owner and to hold THE LAKE DOCTORS harmless for consequences of such service not arising out of the sole negligence of THE LAKE DOCTORS.

CUSTOMER understands that, for convenience, the annual investment amount has been spread over a twelve-month period and that individual monthly billings do not reflect the fluctuating seasonal costs of service. lf CUSTOMER places their account on hold, an additional start-up charge may be required due to aquatic re-growlh.

THE LAKE DOCTORS agrees to hold CUSTOMER harmless from any Joss, damage or claims arising out of the sole negligence of THE LAKE DOCTORS. However, THE LAKE DOCTORS shall in no event be liable to CUSTOMER or others for indirect, special or consequential damages resulting from any cause whatsoever.

Upon completion of the term of this Agreement, or any extension thereof, this Agreement sha!! be automatically extended for a period equal to its original term unless terminated by either party. If required, THE LAKE DOCTORS may adjust the monthly investment amount  after the  original term.  THE LAKE DOCTORS  will submit written notification to CUSTOMER 30  days prior to  effective date  of adjustment.   If CUSTOMER  is  unable to  comply wlth the adjustment, THE LAKE DOCTORS shall be notified immediately in order to seek a resolution.

THE LAKE DOCTORS may cancel this agreement with or without cause by 30-day written notice to customer.

Should CUSTOMER become delinquent, THE LAKE DOCTORS may place the account on hold for non-payment and CUSTOMER will continue to be responsible for the monthly investment amount even if the account is placed on hold. Service may be reinstated once the entire past due balance has been received in full. Should it become necessary for THE LAKE DOCTORS to bring action for collection of monies due and owing under this Agreement, CUSTOMER agrees to pay collection costs, including, but not limited to, reasonable attorneys fee (including those on appeal) and court costs, and all other expenses incurred by THE LAKE DOCTORS resulting from such collection action.

This Agreement Is assignable by CUSTOMER upon written consent by THE LAKE DOCTORS.

This Agreement constitutes the entire agreement of the parties hereto and shall be valid upon acceptance by THE LAKE DOCTORS Corporate Office. No oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing and accepted by an authorized representative of both THE LAKE DOCTORS and CUSTOMER.

II Agreement includes trash/debris removal, THE LAKE DOCTORS will perform the following: removal of casual trash such as cups, plastic bags and other man-made materials up to 20 lbs. during regularly scheduled service visits. Large or dangerous items such as biohazards and landscape debris will not be included.

CUSTOMER agrees to reimburse THE LAKE DOCTORS for all processing fees for registering with third party companies for compliance monitoring services.

TWELFTH ORDER OF BUSINESS

August 6, 2018

FREEDOM

PEST  CONTROL

Monthly Pest Control Proposal
Prepared for:
Bannon Lakes CDD 435 Bannon Lakes Blvd St Augustine, FL 32092
(includes the resident's clubhouse & fitness building)

Monthly Pest Control Service
Freedom Pest Control will perform monthly pest control treatments to both buildings at the amenity center. We will start on the exterior by de-webbing the eves and entries, such as doors and windows up to 18-20 feet high. There is a section on the clubhouse building that we will not be able to reach due to the height out of reach. After that, there will be a liquid applied 4 feet up the building, 4 feet out on the ground, and around all windows, doors, and any other pest entries. This will also include interior treatments as needed to create and maintain a pest free environment.

41, -r

The pest control program covers ants, spiders, roaches, earwigs, centipedes, millipedes, scorpions, wasp,

and silvel'flsh.

Monthly Pest Control Pricing - $150 per month ./- tax

-rv.j

Thank you for giving Freedom Pest Control the oppmtunity to service & protect your property.

Sincerely,

Nick Toth General Manager

Freedom Pest Control• 3600 Peoria Rd, Suite 103 • Orange Park, FL 32065 • (904) 272-BUGS Freedompestcontrol@gmail.com • www.272bugs.com

FOURTEENTH ORDER OF BUSINESS

C.

NOTICE OF MEETINGS BANNON LAKES
COMMUNITY DEVELOPMENT DISTRICT

The Board of Supervisors of the Bannon Lakes Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2020 at the offices of Governmental Management Services, LLC located at 475 West Town Place, Suite 114, St. Augustine, Florida 32092 at 1:00 p.m. on the third Wednesday of each month listed (unless notated otherwise*) as follows:

November 20, 2019
February 19, 2020
May 20, 2020
August 19, 2020

D.

Bannon Lakes Community Development District
9655 Florida Mining Blvd.• Bldg. 300, Suite 305, Jacksonville, Florida 32257
Memorandum

Date: To:

August 2019
Bannon Lakes Board of Supervisors Jim Oliver, Richard Whetsel

From:

Re:

Brian Stephens Operations Manager Bannon Lakes CDD

Robin Nixon
Facility Attendant

Monthly Operations Report

The following is a summary of activities related to the field operations of the Bannon Lakes Community Development District.

Landscape / Irrigation:
Landcare mowed the right of way and medians along International Golf Drive.
Multiple irrigation repairs have been made.
Four (4) dead Oak Trees have been removed from the Amenity area.

Amenity / Site:
Cleaning of the pools is being done three (3) day per week.
The Amenity and Fitness Facilities are being cleaned weekly.
A lighting check is being done monthly for all the District Lighting.
The loose tennis wind screens have been re secured.
The filters have been replaced in all of the AC units.
A new TV was purchased and installed on the veranda.
Three (3) benches have been installed in the Dog Park.
The fencing around the Dog Park and Parking Lot has been cleaned.
The Fitness Center and Clubhouse were pressure washed.
The pool rules signs have been cleaned.
An infant swing seat was added to the swing set.
Freedom Pest Control completed the annual termite inspection.

Ponds:
Lake Doctors is doing a good job maintaining tbe lakes.
Construction debris has been picked up in all of the lakes.

Other Projects:
None at this time.

Should you have any questions or comments regarding the above information, please feel free to contact me at (904) 627-9271 or Rich at (904) 759-8923.

E.

Club House Usage:

Amenity Manager Report

Reservations for the Club House have grown. It continues to be reserved every weekend for parties and events, as well as during the week. We currently have 3 different club meetings every week on Mondays & Wednesdays for residents. Residents really enjoy using the kitchen and extra space for gatherings. We have received many compliments over the summer for the décor and the cleanliness of the clubhouse area.
EVENTS UPDATE:
Third of July Celebration and Movie Night on The Lawn
This event was rescheduled to July 18th due to weather conditions July 3rd. The movie “The Sandlot” played on a large inflatable screen on the event lawn. Food trucks were set up for service during the movie. One truck in particular that residents enjoyed was “The Poppin Box” popcorn truck. We received many compliments from residents for the movie selection. Many Residents are excited for the next movie night.

Food Truck Thursdays (Take Out Thursdays):
We started having food trucks set up on Thursday from 5-8pm in front of the Amenity Center on June 20th. Residents are enjoying the different selections of food trucks every week.

Disney Princess Meet and Greet:
On July 20th we had a “Disney Princess Meet and Greet” in the club house with the Disney’s Frozen sisters “Elsa & Anna”. This was a huge hit with the residents with the new movie coming out. Residents really enjoyed this event as well as their friends and families. All residents received a free family photo with “Elsa & Anna”. The characters performed some songs from the movie and there were stations set up for coloring, games, and autographed pages.

National Ice Cream Day:
On July 20th, we had Ice Busters Creamery visit Bannon Lakes amenity center for National Ice Cream Day. We received many compliments from residents about the ice cream truck.
Residents enjoyed having plenty of flavor options including non-dairy and glutton free ice cream.

Resident Email:
They girls enjoyed their floats. So much fun for national ice cream day!
-Heather Schnellbacher

Bannon Lakes Trunk Sale:
On August 3rd, all residents got together and we had a huge “TRUNK SALE” in the parking lot of the Amenity Center from 9am-12pm. With the growth in new families moving in recently, we decided this would be a great event to get the community together for a meet and greet as well as help residents purging items. All the residents and customers enjoyed this event. “Luvin Oven” food truck set up during our event to sell sandwiches and breakfast items for residents. Residents are already wanting to plan a fall event similar to it with cooler weather. There were around 5-10 children set up selling items as well such as lemonade, popsicles, cupcakes, toys, and more.

UP COMING EVENTS:
Bannon Lakes Community Outing with The Jacksonville Jaguars:
On September 8th, all residents who purchased tickets will be going on a game day adventure to TIAA Bank Field for an afternoon full of food, drinks and football as the Jacksonville Jaguars face off against the Kansas City Chiefs. We have had a decent number of residents purchase tickets. Everyone is excited for game day!
The Bannon Lakes Package Includes:
- Roundtrip bus transportation
- All-inclusive food, beer, wine, water, and soft drinks for three hours prior to kickoff under a covered pavilion inside the stadium with tables & chairs designated for Bannon Lakes residents
- A ticket to the Jaguars vs Chiefs game.

Other Upcoming Events: Food Truck Thursdays for August & September, Labor Day Weekend Event.

SIXTEENTH ORDER OF BUSINESS

A.

13annon Lakes
Cammunity 'IJeve[<pment District
'Unauditea:financia[ Statements
as of
Ju[y 31,  2019

'.Bannan Lakes
CommuniQf_ 1Jeve{o_vment 1Jistrict Combinea1!alance Sfieet
Ju[y 31,  2019

.'Assets:

CayitaI	.Merrwranaum Genera£	1Je6t Service	Project		On[y

Casfi,	$359,194	$359,194

S1!.'A. - G:J	$100,000	$100,000	
Investments:		
'.Reserve		$385,750		$385,750	
Interest				$0	
'.Revenue		$398,177		$398,177	
Prepayment		$24,735		$24,735	
Vue :from Genera[ :Juna		$170		$170	
Prepaul'Expenses	$1,333			$1,333	
.'Assessment '.Receivab[e				$0	
Vti£ities Deposit	$50			$50	
Tota£.'Assets	$460,577	$808,832	$0	$1,269,409	

Liabuities:
.Jlccounts Paya6[e	

$101,974			

$101,974	
Due to De6t	$170			$170	
:Juna1!alances:
'.Restricteafor De6t Service		

$808,832		

$808,832	
'.Restricteafor Capita[ Projects			$0	$0	
:Nonspenda6[e	$50			$50	
Vnassignea	$358,383			$358,383	
Tota£ Liabi£ities & :Juna'Equity	$460,577	$808,832	$0	$1,269,409	

'.Bannon Lafws
Community_ Veve vment Vistrict
(i'E:N'E1U\L yuND
Statement of '.Revenues & 'Exyendltures
:For tfie. Period:endln9 Ju[y 31,  2019

.Jlaoytea	'Prorated:	.Jlctua[
 	'Budget	Thru 07/31/19 Thru 07/31/19 '"Variance 

'R1:Y'E:N'll'ES:		
.Assessment - Tax '.Ro[[	$225,760	$225,760	$226,871	$1,111	
.'Assessment - 'Direct	$213,423	$213,423	$210,923	($2,500)	
JJevewyer ContriGutions	$127,247	$127,247	$0	($127,247)	
:facillty 'Revenue	$0	$0	$50	$50	
Tota['.ReVenues	 	$566,430	$566,430	$437,844	($128,586)1
'EXP'ENDIT'U'R'ES:
Suyervisors	$4,000	$3,333	$0	$3,333	
J'IC.Jl 'Exyense	$306	$255	$0	$255	
'En9ineering	$4,000	$3,333	$398	$2,936	
.Jlttorney Jees	$20,000	$16,667	$5,449	$11,218	
'Dissemination	$4,100	$3,417	$3,417	($0)	
.Jlnnua[.Jludlt	$4,200	$4,200	$2,395	$1,805	
.Jlrvitrage	$600	$600	$600	$0	
.Assessment '.Ro«	$5,000	$5,000	$5,000	$0	
Trustee :fees	$10,000	$10,000	$3,667	$6,333	
:Management Jees	$45,000	$37,500	$37,500	$0	
Information Technowgy	$1,733	$1,444	$1,444	($0)	
Tefeyhone	$200	$167	$41	$126	
Postage	$500	$417	$338	$78	
Insurance	$5,500	$5,500	$5,610	($110)	
Printing ana 'Bindlng	$3,000	$2,500	$1,161	$1,339	
Lega{ .Jlcfvertising	$3,000	$2,500	$965	$1,535	
Otlier Current Charges	$700	$583	$250	$333	
Office Suyyaes	$400	$333	$718	($384)	
We&site Services	$0	$0	$1,750	($1,750)	
'Dues, Licenses & 5-u.Escriytions	$175	$175	$175	$0	
'Tota( .Jlaministrative	 	$112,414	$97,924	$70,877	$27,047 l

.Jlmenit;y. Center		
Insurance	$15,106	$15,106	$13,413	$1,693	
'UtiEities					
Thone/Internet/Cavfe	$3,000	$2,500	$3,899	($1,399)	
'Efectric	$25,000	$20,833	$11,917	$8,916	
'Water/Irrigation	$10,000	$8,333	$6,896	$1,437	
Tefeyhone	$4,000	$3,333	$0	$3,333	
<,as	$200	$167	$0	$167	
'.Refuse	$2,500	$2,083	$2,096	($13)	
Security
Security :Monitoring	
$600	
$500	
$0	
$500	
.Access Cards	$500	$417	$2,600	($2,183)	
:Management Contracts
:faciaty :Management	$30,900	$25,750	$7,400	$18,350

'.Bannon Lakes
Communicy_  1Jeve(qpment District
(j'.ENE'.R.71.C :J'll:N'D
Statement of Revenues & Txyendltures
Jar  tlie  Periocf end1n9 Ju[y 31, 2019

.Jlaoytea	'Prorated"	.Jlctua[
     13udget	Tliru  07/31/19   Tliru  07/31/19  'Variance	

Continue£ Management Contacts
]'iefa:Mgmt/ .Jlamin	$22,000	$18,333	$15,640	$2,694	
Poo[Maintenance	$8,800	$7,333	$7,513	($179)	
'Pao[ Chemicals	$10,000	$8,333	$2,866	$5,468	
Janitoria[	$7,000	$5,833	$5,530	$303	
Janitoria[ Suyylles	$3,450	$2,875	$0	$2,875	
Jacifity :Maintenance	$7,500	$6,250	$8,023	($1,773)	
'Re_pairs & .'Maintenance	$4,310	$3,592	$1,372	$2,220	
:New Ca_pita['Projects	$0	$0	$1,155	($1,155)	
S_pecia{Tve:nts	$3,000	$3,000	$3,335	($335)	
Jfofiday 'Decorations	$1,500	$1,250	$0	$1,250	
]'itness Center Reyairs/Suyylles	$900	$750	$0	$750	
Office Suyylles	$250	$208	$698	($490)	
.JlSC.Jl'P/13:MI Licenses	$500	$417	$0	$417	
.Jlmenity Center Txyendltures	 $161,016	$137,198	$94,353	$42,845 i

Ground Maintenance Txpendltures		
:Jfyarowgy Quallty/:Mitigation	$3,000	$2,500	$0	$2,500	
Landscaye .'.Maintenance	$135,000	$112,500	$114,834	($2,334)	
£.antfscaye Contingency	$20,000	$16,667	$0	$16,667	
LaRe :Maintenance	$7,500	$6,250	$4,650	$1,600	
<;;round::Maintenance	$8,000	$6,667	$0	$6,667	
'Pumy Reyairs	$2,000	$1,667	$0	$1,667	
Street/lg/its	$0	$0	$7,207	($7,207)	
Street/lg/it Reyairs	$5,000	$4,167	$0	$4,167	
Irrigation '.Re_pairs	$7,500	$6,250	$2,752	$3,499	
.'Misceaaneous	$5,000	$4,167	$0	$4,167	
'Reclaim Water	$100,000	$83,333	$24,345	$58,988	
Tota[(jrouna:Maintenance  Txyendltures I 	$293,000	$244,167	$153,788	$90,379 i
TOT .Jl.L VC'PT:NS'.ES	 	$566,430	$479,289	$319,018	$1eo.271  I

vccrss 'R/EVT:N'll'.ES (VC'P'.E:N'DIT'll11.'.ES)	 	$0		$118,826		
:f'1l:N'D 13.Jl.L.Jl:NC'.E - 13eginning	$0	$239,607	
:f'1l:N'D 13.JlL.Jl:NC'.E - '.Endlng	 	$0	$358,433	

:Bannon Lafes
Community 'De-veCoyment 1Jistrict
(Jenera[:fun£
J\1.ontfi 'By ::M.ontfilncome Statement
:fisca(Year 2019

;Revenues:

Octo&er	:NovemGer   '1Jecem6er	Januar	:r,Grua	Jvtarcfi	..'A. ri{	Ma	Jw,,	Juli	.'A	Se  tember	'lotaf
$9,247     $127,927	$42,399	$36,179	$5,867	$2,495	$2,674	$0	$83	$0	$0	$226,871

.Jlssessments - Tax  Roff	$0
.'A.ssessments - Direct	$88,526	$4,362	$0

$6,848	$39,155	$0	$9,161	$56,025	$6,848	$0	$0	$0	$210,923
$0	$0	$0	$0	$0	$0	$0

'DeveWyer ContriGutions -YR.	$0	$0	$0	$0	$0	$0
j'acffity Revenue	$0	$0	$0	$0	$25	$0	$25	$0	$0	$0

$0	$0	$50

'Tota{1tevenues	$88,526	$13,608     $127,927	$49,247	$75,359	$5,867	$11,680	$58,699	$6,848	$83	$0	$0	$437,844
'.Expenditures:

.'A.d"ministYative
Signrvisors	$0	$0	$0	$0

$0	$0	$0	$0	$0	$0	$0	$0	$0
$0	$0	$0	$0	$0	$0

J'Jc:A 'Exyense	$0	$0	$0	$0	$0	$0	$0
'Engineering	$0	$0	$0	$0	$0	$0	$0	$0	$398

$0	$0	$0	$398
$5,449

..'A.ttoniey :fees	$13        $83     $163	$1,130	$147	$629	$1,634	$1,149	$503       $0	$0	$0
'Dissemination	$342	$342   $342     $342	$342	$342      $342	$342	$342	$342	$0          $0     $3,417
.Jl.nnua[.'Audi:t	$0         $0       $0         $0         $0         $0          $0      $0     $2,395	$0        $0         $0    $2,395
.54..r&itrage	$0          $0        $0          $0          $0           $0          $0          $0       $0       $600	$0          $0       $600
.'A.ssessment Ro«	$5,000	$0       $0         $0         $0         $0         $0         $0         $0         $0         $0         $0      $5,000
Trwtee J'ees	$1,000	$0      $0     $2,667	$0         $0         $0         $0         $0         $0         $0         $0  $3,667
:Management fees	$3,750	$3,750         $3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$3,750	$0         $0    $37,500
Comyuter Ti.me		$144	$144	$144	$144	$144	$144	$144	$144	$144	$144	$0   $0    $1,444 'T'e(q,lume			$6		$11       $0         $0         $0         $0       $0        $0			$7		$18      $0      $0       $41 Postage			$3         $4       $5		$84        $14        $9		$56       $43        $83		$37      $0      $0      $338 Insurance	$5.610			$0      $0       $0       $0       $0        $0        $0        $0        $0        $0        $0      $5,610       'Printing am{13ind1ng		$173		$33      $33        $17      $298		$25      $170	$174	$196		$41	$0     $0     $1,161 Lega[ .Jlc{vertising		$323			$0      $76        $76        $81         $81     $76      $157		$94       $0       $0       $0       $965    Otfi.er Current Cliarges			$0         $0       $0         $0         $0         $0       $250            $0        $0        $0        $0        $0       $250 Office Suyyfies                                              $0         $0      $0       $655                   $15         $0        $15        $15        $15        $0         $0         $0       $718 'We&site Services                                              $0        $0      $0        $0         $0         $0      $1,750                     $0        $0        $0        $0        $0      $1,750          'Dues, Licenses & Su&scrfptions                             $175                     $0       $0         $0         $0         $0         $0         $0         $0         $0         $0         $0  $175
Tota[.Jtd'ministrative	$16,539	$4,367         $4,513	$8,866	$4,791	$4,980	$8,188	$5,774	$7,927	$4,933	$0         $0    $70,877

Amertit}I Center
Insurance

$13,413	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,413
$391	$391	$390	$405	$404	$404	$404	$404	$314	$0	$0	$3,899

Plione/Internet/Ca&Ce	$390
'.E(ectric	$1,500	$995	$799	$1,505	$1,376

$1,032	$1,152	$1,129	$1,218	$1,210	$0	$0	$11,917
$840	$0	$0	$6,896

"Water/Irrigation	$820	$798	$669	$617	$649	$505	$678	$758	$562
TeCeyfione		$0        $0       $0        $0        $0         $0         $0         $0         $0         $0         $0         $0         $0        Gas		$0          $0        $0        $0         $0		$0        $0        $0        $0        $0        $0         $0         $0     'Refuse	$199	$201	$201	$199	$198	$196	$197	$203	$252	$252	$0          $0      $2,096
Security :Monitoring	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Access Cards		$0        $0   $2,600		$0       $0       $0        $0        $0        $0        $0        $0        $0      $2,600     yaciCity :Management		$0         $0       $0          $0         $0         $0         $0     $0     $4,800	$2,600	$0   $0   $7,400 YieU:Mgmt/ .Jld"min	$1,597	$1,597         $1,597	$1,597	$1,364	$1,550	$1,550	$1,597	$1,597		$1,597	$0         $0    $15,640
Poof :Maintenance	$911	$911	$911	$911	{$227)	$683	$683	$911	$911	$911	$0	$0	$7,513
Poof Cliemicals			$0      $597			$0       $270		$0      $124	$630		$548			$0      $698	$0   $0   $2,866 Janitoria[		$583	$583	$583	$583	$367	$540	$540		$583		$583	$583	$0    $0     $5,530 facifity .'.Maintenance	$1,037	$970		$54       $207	$313	$426	$508	$2,823	$1,686		$0        $0        $0     $8,023

'.Bannon Lakes
Comnmnity 'DeveCoyment 1Jistrict
(genera£:fl,mtf
.'Montfi 'By :M.ontfi.Incom.e Statement
:fisca[}/ear 2019

Octo6er	J\frwe:m&er   'December	Januar	y,Grua	.'Mardi	.:'A.priC	:Ma	Jum	Juf,	Jl	Totaf

AmeniQl Cmter !&:l!tinued"
Reyairs & .'M.aintenance	$0	$584	$0

$13B	$0	$0	$0	$650	$0	$0	$0	$0	$1,372
$1,155	$0	$0	$0	$0	$1,155

New Ca_pita['Projects	$0	$0	$0	$0	$0	$0	$0
Syecia('.Events	$0	$1,423	$0	$0	$0	$0	$1,562	$0	$0

$350	$0	$0	$3,335
$0

:J[ofi.cfa"Y '.Decorations	$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
:fitness Center Reyairs/SuyyRes	$0         $0       $0         $0         $0         $0         $0         $0         $0         $0         $0         $0   $0
Office Suyyfies	$0       $623	$61         $14         $0         $0         $0         $0         $0         $0         $0         $0       $698
..'ASC.'AP/'.BJvU .£.icenses	$0 $0 $0 so $0 $0 $0 $0 $0 $0 $0 $0 $0
Tota{ Amenity Center	$20,450	$9,672         $7,866	$6,431	$4,445	$5,460	$7,904	$10,760	$12,011	$9,353	$0 $0 $94,353

(irouncC Maintg:nance :&:x12enditures

Jiytfrofogy Quafity/:Mitigation	$0        $0      $0        $0        $0        $0        $0        $0        $0        $0        $0        $0        $0
.£.andscaye :Maintenance	$11,321	$11,321      $11,321	$11,321	$11,321	$11,321	$11,727	$11,727	$11,727	$11,727	$0         $0    $!14,834
.£and:scaye Contingency	$0         $0       so       $0           $0           $0           $0           $0           $0           $0           $0           $0         $0
.£ali.e .'Maintenance	$465	$465    $465	$465	$465      $465	$465	$465	$465	$465     $0     $0      $4,650 (jround" Maintenance		$0       $0      $0       $0       $0       $0        $0        $0        $0        $0        $0        $0        $0       'Pimiy 'Rryairs		$0       $0      $0       $0       $0        $0        $0        $0        $0        $0        $0        $0        $0  StreetCiglits	$711	$711	$711	$712	$717	$717	$736	$736	$721	$736	$0    $0    $7,207 Streetfiglit 'Rryairs		$0       $0      $0       $0       $0       $0       $0        $0        $0        $0        $0        $0        $0      Irrigation 'Rryairs	$382	$221    $313	$546	$277	$424	$379	$109	$102		$0         $0         $0     $2,752
.'Misceffaneot.1.1"	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
'RecCaim"Water	$3,755	$1,958	$1,504	$1,173	$1,156	$1,342	$1,994	$3,655	$3,158	$4,650	$0	$0	$24,345
'Tota[ Ground.'Maintenance 'Exyendi		$16,634			$14,676	$14,314		$14,216		$13,935			$14,269			$15,301		$16,692		$16,173		$17,579		$0		$0	$153,788 'Totaf'Exyenses	$53,623	$28,715	$26,692	$29,513	$23,172	$24,709	$31,393	$33,225	$36,111	$31,865	$0		$0		$319,018 'Excess 'Revenues ('Exyenditures)		$34,903		($15,107)   $101,235		$19,733		$52,187		($16,842)	($19,713)           $25,474           ($29,263)          ($31,781)                    $0         $0   $118,826

Bannon Lakes
Community_ Veve vment Vistrict
'D'E'BT S'ER'VICE yLJ.ND
Statement of 'Revenues & 'Expenaitures
]'or tfie Perioa endlng Ju[y 31, 2019

	:Aaoptea
'Buaget	Proratea
Tfiru 07/31/19	:Actua{
Tfiru 07/31/19	
liariance	

R'Eli'ENU'ES:		
Interest Income		$50	$0	$7,796	$7,796	
Specia{ :Assessments - Tax	Ro{{	$458,500	$458,500	$462,445	$3,945	
Specia{ :Assessments - Direct :Assessments	$313,000	$313,000	$222,484	($90,516)	
Prepayments	$0	$0	$72,919	$72,919	
TOT.AL  R'Eli'ENU'ES	I 	$771,550	$771,500	$765,645		($5,855)1

'EXP'ENDIT11R'ES:			
Series 2016
Interest 'Expense - 11/01			

$292,563	

$292,563	

$292,563	
$0	
Interest 'Expense - 05/01			$292,563	$292,563	$292,563	$1	
Princfpa{'Expense - 05/01 (Prepayment)			$0	$0	$50,000	($50,000}	
TOT.AL 'EXP'ENDIT11'R'ES			$585,126	$585,126	$635,125	($50,000)I	

OT:J--['ER SCYURCES/(115'£5)							
InterfunaTransfer In/(Out)			$0	$0	$0	$0	
TOT.AL OT:J--['ER SCYURC'ES :AND 115'£5			$0	$0	$0	$0 I	
							
'EXC'ESS R'Eli'ENU'ES ('EXP'ENDIT11R'ES)		I	$186,425	$130,520	

:FUND 'B:AL:A:NC'E - 'Beginning			
$292,662		
$678,312		
:FUND 'B:AL:A:NC'E - 'Endlng			$479,087		$808,832		

annon Lafies
Cammunity 1Jeve[o_pment 1Jistrict
CJ'lPI'l.:AL  P'ROJ'EC'lS Yll-:N'D
Statement of 'Revenues & 'Exyenditures
:for tfie Period ending Ju[y 31, 2019

Series

I

2016

'R'.EV'ENU'ES:
1Jeve[oyer Contri/3ution Interest Income

'EXP'E:N'DI'l'U'R'ES:

Cayita[ Outlay

'10'1.:AL 'EXP'E:N'DI'l'U'R'ES

Q'l:J--['E'R SO'U'RC'ES/('US'ES)

Interfuna'lransfer   In   (Out) '10'1.:AL Q'l:J--['E'R SO'U'RC'ES/('US'ES)
'EXCESS 'R'.EV'E:NU'ES ('EXP'E:N'DI'T'll'R'ES)

J'U:N'D 13.JlLJ\.NC'E - 'Beginning J'U:N'D 13.:AL.A:NC'E - 'Ending

$706,962
$0
I	$706,962 I

$706,962
I	$706,962 I

$0

I	$0  I
I	$0  I
I	$0  I
I	$0  I

'Bannon Lakes
Community 'Devewyment 'District Long 'Term'Debt 'Reyort

$11,850,000
$0 ($50,000)

Bonds outstanding - 1/31/2016
Less: May 1, 2016
Less: May 1, 2019 (Prepayment)

4.5%-5.0%
11/1/48
50% of  Max  Annual Debt Service
$385,750.00
$385,750.00

Interest Rate: Maturity Date:
Reserve Fund Definition:
Reserve Fund Requirement: Reserve Balance:

Series 2016 Special Assessment Bonds

ICurrent Bonds Outstanding	$11,soo,ooo I

'."Bannon Lakes Community 'Devefoyment 'District
:fY19 .'Assessment 'Receipts

ASSESSED TO	

# Units	SERIES 2016 DEBT SERVICE
ASMNT	
FY19
O&M
ASMNT	

TOTAL ASMTS	
RREF 111-P-EP ARAGON INVESTMENTS LLC (ACRES) RREF 111-P-EP CYPRESS PARK FARMS LLC {ACRES)	65.78
68.86	24,731.21
.	25,889.20	24,731.21
25,889.20	
RREF 111-P-EP BANNON LAKES JV LLC (ACRES)	24.61	9.252.59	9,252.59	
				
SUBTOTAL ADMIN O&M	159.25	59,873.00	59,873.00	
LENNAR HOMES LLC	62	104,897.18	51,460.00	156,357.18	
KB HOME JACKSONVILLE, LLC	90	152,270.10	74,700.00	226,970.10	
PULTE HOME CORPORATION	33	55,832.37	27 390.00	83,222.37	
				
SUBTOTAL SERIES 2016 LOTS	185	312,999.65 153,550.00	466,549.65
.	
TAX ROLL ASSESSED	272	460,180.53 225,760.00	685,940.53	
TOTAL ASSESSED	616	773,180.18 439 183.00 	1,212,363.18	

DUE / RECEIVED	

BALANCE
DUE	SERIES 2016 DEBT SERVICE
RECEIVED	
FY 19
O&M
RECEIVED	

TOTAL RECEIVED	
RREF 111-P-EP ARAGON INVESTMENTS LLC (ACRES) RREF 111-P--EP CYPRESS PARK FARMS LLC (ACRES)	.
.	.	24,731.21
25,889.20	24,731.21
25,889.20	
RREF 111-P-EP BANNON LAKES JV LLC {ACRES)		9,252.59	9,252.59	
SUBTOTAL ADMIN O&M	"	"	59,873.00	59,873.00	
LENNAR HOMES LLC	78,178.58	52,448.60	25,730.00	78,178.60	
KB HOME JACKSONVILLE, LLC	56,742.51	114,202.59	56,025.00	170,227.59	
PULTE HOME CORPORATION	I0.00'	55,832.37	27 390.00	83,222.37	
SUBTOTAL SERIES 2016 LOTS	134,921.09	222,483.56 109,145.00	331,628.56	
TAX ROLL RECEIPTS	(3,375.72)	462,445.23 226,871.02	689,316.25	
TOTAL RECEIPTS/ DUE	131,545.37	684 928.79 395,889,02	1,080,817.81	
NO LOTS PLATTED IN TIME TO BE PLACED ON 2018 PROPERTY TAX BILLS. ASSESSMENTS INVOICED DIRECTl.Y
\NITH PAYMENTS DUE IN INSTALLMENTS OF 25% DUE 10/15/18, 1/1/19, 4/1/19, 711119 THERE IS AN ADDITIONAL $107,447 DUE FOR DEVELOPER CONTRIBU11ON

TAX ROLL RECEIPTS

DISTRIBUTION	

DATE	
SERIES 2016
DEBT SERVICE RECEIVED	

O&M
RECEIVED	

TOTAL RECEIVED	
1	11/07/18	222.15	108.99	331.14	
2	11/19/18	13,546.10	6,645.58	20,191.68	
3	11/27/18	5,079.79	2,492.09	7,571.88	
4	12/13/18	15,239.37	7,476.28	22,715.65	
5	12/27/18	245,523.10	120,451.19	365,974.29	
INTEREST	01/10/19	68.47	33.59	102.06	
6	1/28/19	86,356.40	42,365.59	128,721.99	
7	2/25/19	73,746.02	36,179.06	109,925.08	
8	3/19/19	11,958.67	5,866.80	17,825.47	
INTEREST	4/11/19	827.82	406.12	1,233.94	
9	4/24/19	4,257.03	2,088.45	6,345.48	
TAX CERTIFICATES	6/19/19	1,816.72	891.27	2,707.99	
10 (MAY RECIPTS}	6/24/19	3,633.46	1,782.54	5,416.00	
INTEREST	7/15/19	170.13	83.47	253.60	

TOTAL TAX ROLL RECEIPTS	462,445.23      226,871.02	689,316.25	

PERCENT COLLECTED DIRECT	71.08%	79.19%	74.37%	
PERCENT COLLECTED TAX ROLL	100.49%	100.49%	100.49%	
PERCENT COLLECTED	88.59%	90.14%	89.15%	

Page 8

C.

'.Bannon Lakes
Community '.Devefuyment 'District

'.Date

(jenera[ J'una	Cfiecli .'Numbers	.'A.mount	J'lnwunt	
7/11/19	475-482	$	20,552.98		
7/17/19	483-486	$	5,651.29		
7/18/19	487	$	236.17		
7/24/19	488-489	$	2,285.55		
	
TotalCfieclis		
$	28,725-99	
7/19/19	St Jofins County 'Utillty Dept	$	5,490.21		
7/22/19	..'A.T&T	$	98.82		
7/24/19	:f'PL	$	1,946.28		
7/29/19	..'A.T&T	$	215.31		
	Total Pait£'Efuctronicaffy		$	7,750.62	
	Total(general ]'una		$	36,476.61 I	

Cfiecfi '.Run Summary

I

]'eaex Invoices wi[{ 6e avaiCa6re uyon request

AP300R
*** CHECK NOS. 000476-000489

YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER BANNON LAKES - GENERAL FUND
BANK A BANNON LAKES-GENERAL

RUN 8/13/19

PAGE	1

CHECK  VEND#  •....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS

AMOUNT

....CHECK.....
AMOUNT	#

7/11/19 00016

6/26/19 346061	201906 310-51300-32200	*
FYE 9/30/18 AUDIT
BERGER,TOOMBS,ELAM,GAINES & FRANK

2,395.00

2,395.00 000476

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

24.01

7/11/19 00004

7/02/19 66000623 201906 310-51300-42000
JUN FEDEX POSTAGE
FEDEX

*
24.01 000477

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

465.00

7/11/19 00017	7/01/19 443608	201907 330-53800-46800	*

JUL LAKE MAINTENANCE

LAKE DOCTORS, INC.

465.00 000478

7/11/19 00013

7/01/19 8576	201907 330-53800-46200

*	5,395.89

JUL LANDSCAPE MAINT-AMEN

LANDCARE GROUP, INC.

5,395.89 000479

7/11/19 00013

7/11/19 00018

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/01/19 8577	201907 330-53800-46200	*
JUL LANDSCAPE MAINT-LAKES
- - - - - - - -  - -  - -LA-ND-CA-RE- G-RO-UP-,-I-NC-. -  - -  -  - -  -  -  -
6/16/19 687-9866 201907 320-57200-45800	*
JUL REFUSE	REPUBLIC SERVICES #687

6,331.25

251.50

6,331.25 000480

251.50 000481

7/11/19 00014

7/01/19 56

201907 320-57200-45300

*	583.33

7/01/19
7/01/19

JUL JANITORIAL SERVICE

56

201907 320-57200-45200

56

201907 320-57200-46001

JUL POOL MAINTENANCE JUL OFER MNGM SERVICE

910,50

*

*

1,596.50
2,600.00

7/01/19 56

201907 320-57200-34000	*

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

JUL FACILITY MNGM SERVICE RIVERSIDE MANAGMENT SERVICES, INC
-- -  -  -  - -  -  -  -  -
7/17/19 00003	7/01/19 52	201907 310-51300-34000	*

*

JUL MANAGEMENT FEES
7/01/19 52	201907 310-51300-35100
JUL INFORM TECHNOLOGY
7/01/19 52	201907 310-51300-31600	*
JUL DISSEMINATION FEES
7/01/19 52	201907 310-51300-51000	*
OFFICE SUPPLIES
7/01/19 52	201907 310-51300-42000	*

3,750.00
144,42
341.67
.36
11.49

5,690.33 000482

7/01/19

POSTAGE 52
COPIES

201907 310-51300-42500	*

BANL -BANNON LAKES- BPEREGRINO

41.25

AP300R
*** CHECK NOS. 000476-000489

YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 8/13/19 BANNON LAKES - GENERAL FUND
BANK A BANNON LAKES-GENERAL

PAGE	2

CHECK  VEND#  .•...INVOICE...•. ...EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
7/01/1952	201907 310-51300-41000
TELEPHONE

STATUS	AMOUNT	....CHECK	•
AMOUNT	#
*	17.61

7/17/19 00005

GOVERNMENTAL MANAGEMENT SRVCS LLC
6/28/19 108495	201905 310-51300-31500
MAY GENERAL COUNSEL

- - - - - - - - - - -4,-30-6.-80- 000483
*	1,148.50

7/17/19 00013

HOPPING GREEN & SAMS
6/30/19 8627	201906 330-53800-46400
JUN IRRIGATION REPAIR

- - - - - - - -  - - -1-,14-8.-50-
*	101.75

000484

7/17/19 00002

LANDCARE GROUP, INC.
6/24/19 I0318819 201906 310-51300-48000 RFP AUDIT FYE 9/30/19

-  - -  - - - - - - -	-101.75 000485

-

*	94.24

7/18/19 00007

THE ST AUGUSTINE RECORD
4/09/19 190062	201907 300-13100-10100
CFR #20 REQ #143

- -	- - - - - - -

-

*	236.17

94,24 000486

7/24/19 00012

7/24/19 00014

ENGLAND THIMS & MILLER INC
7/16/19 18518	201907 310-51300-31200
ARB SERIES 2016 12/31/18
GRAU & ASSOCIATES
7/12/1958	201906 320-57200-45100
JUN FACILITY MAINTENANCE

- - - - - - - - - - - -23-6-.17- 000487
*	600.00
-  - - - - - - - -  -  - -60-0.-00- 000488
*	1,685.55

RIVERSIDE MANAGMENT SERVICES, INC

TOTAL FOR BANK A TOTAL FOR REGISTER

1,685.55 000489

28,725.99
28,725.99

BANL -BANNON LAKES- BPEREGRINO

ftl Berger, Toombs, Elam,
,OJ Gaines & Frank
Certified l'ubllc Aeaiuntann	PL
600 Otrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468·9278

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT 475 WEST TOWN PLACE, STE I14
ST. AUGUSTINE, FL 32092

Invoice No.	346061	
Date	06/26/2019	
Client No.	20667	

Services rendered in connection with the audit of the Basic Financial Statem ts as of and for the year ended September 30; 2018.

Total Invoice Amount	$	2,395.00

©
n	u
(,   I  OI	57'!>. . 3fl_ ,12_	QECEIV
.JUL O 9 201
BY•.· . -  ... .., ,  ......··-·

Please enter di1mt number on your check.
Finance charges are calculated on balances over 30 days ol<I at an annual percentage rai,, o( 18';l(..

Member AICPA

fort Plerc.e / Stuart

Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

The lake Doctors, Inc.
.	Aquatic Management Services •

3543 State Road 41 9; Winter Springs, FL 32708
PH: 800-666-5253

-	I NVOICE

Bill To

BANNON LAKES CDD GMS MANAGEMENT 475 WEST TOWN PLACE SUITE 114
ST AUGUSTINE, FLORIDA 32092

NET l0DAYS

Item

Description
Monthly Water Management Service (R)

p, /c(  /-ti, .[\tt 4 ,
()
Jl ---/1

465.00

Customer Total Balance

$465.oo

;tf[;;j:@ll{IM:I1.Y{W'.frN-I;f;i:t\Wtm'.i'   9,i j::  f•i ;}'.;flW}ii(m'f{i;tflttti@I%li%jfi,li[)[tJ1ln}:;:m;}Ii)l'liilil -	

Amount

Invoice Date Reflects Month of Service Provided

Terms

P.O. No.

To help ensure prompt and accurate credit to your iiccount, please include your account number and invoice number on your check and always include your remittance stub with your payment.
Please visit w,vw.lal<edoctors.com for your local office contact information.

--- Bi-ll T-o - -
BANNON LAKES CDD
OMS MANAGEMENT 475 WEST TOWN PLACE SUITE 114
ST AUGUSTINE, FLORfDA 32092

PLEASE DETACH & RETURN THIS PORTION WITH PAYMENT

- ·-
Invoice#	-
443608	
Account#	723475	
Date	7/1/2019	

LmrnmtE  oclo so.!

Go Green I Contact us at Payments@lakedoctors.com to

Signatu_re _ _ _ _ _ _ _ _ _ _ _ _

Card Verification# _ _ _ _ _ _ _ _ _ _
Exp. Date# _ _ _ _ _ _ _ _ _ _ _ _
Print Name _ _ _ _ _ _ _ _ _ _ _ _ _
Billing Address: Check box if same as above

Visa _ _ American Express

Mastercard

Car d _# _ _ _ _ _ _ _ _ _ _ _ _ _

IF PAYING BY CREDIT CARD, FlLL OUT BELOW

_ 		__ 	

     .,

have your invoices emailed.

Invoice#	443608	
-
Account#	
723475	
Invoice Date	7/1/2019	
Due Date	7/11/2019	
Rep	MAS	
Invoice Questions: Lakes@lakedoctors.com Payment Questions: Payments@1akedoctors.com	

For address and contact updates, please email us at Frontdesk(a}lakedoctors.com.
The Lake Doctors, Inc. 3543 State Road 419
Win er Springs, FL 32708
Dr®

 / ;¢,
Land.care Group
Irrigation•  landscape• Maintenance
35 Enterprise Drive
Bunnell, FL 32110
(386) 586-3321

Invoice

Terms	Date	Invoice#	
Net30	7/1/2019	8576	

Bannon Lakes CDD
475 W. Town Place, Suite I 1<}
St Augustine, FL 32092

Project	Project#	
Bannon Lakes Amenity Center	M!Ol	
Description	Quantity	Rate	Amount	
Monthly maintenance for U1e month of July

Y3/J;;J'°" 7-J- i 9
/A.rJ'bSCf>..('C IYlA'11,)T',
001,330, 1;;3f5co, Lt6a=	I	5,395.89	5,395.89	

Thank you for your business!	Total	$5,395.89	
	Payments/Credits	$0.00	
	Balance Due	$5,395,89	

-

\ \Lr!

: 11,J._r

Terms	Date	Invoice#	
Nel30	7/1/20] 9	8577	

Landcare Group
Irrigation• Landscape, Ma intenance
35 Enterprise Drive

Bunnell, FL 32110
(386) 586-3321

Bnnnon Lukes CDD
475 "\V. Town Pince, Suite 114
S t. Augu stine, FL 32092

Project	Project#	
Common Arens & Lakes	Ml02	
Description	Quantity	Rate	Amount	
Monthly 11mintenancc for the 111ontl1 of Ju ly

t/J 1·J-11
1	C,to ,u'1'1,q-:_
OOi, 310,S sflro,'-j 5:;.co	I	6,331.25	6,33 l.25	

Thank you for your business!	Total	$6,331.25	
	Payments/Credits	$0.00	
	Balance Due	$6,331.25	

t!',,,.R REPUBLIC
SERVICES

8619 Western Way
Jacksonville FL 32256-036060
Customer Service	(904) 731-2456 RepublicServices.com/Support
Important Information
We are currently reviewing our bulk item pickup service fees on all accounts. Your next invoice may reflect a fee rate adjustment, if you have any questions, please c ontact us.

PAYMENTS/ADJUSTMENTS

Account Number Invoice Number lnvoice Date

Current Invoice Charges

Total Amount DuIe	Payment Due Date

$251.50

$251.50

July 06, 2019

Previous Balance Payments/Adjustments

3-0687-0010861
0687-000986618
June 16, 2019
$251.50
-$251.50

Description
Payment-Thank You 06/14

Reference 456

Amount
-$251.50

CURRENT  INVOICE CHARGES	
Description	Reference	Quantity	Unit Price	
	
Bannon Lakes Cdd 435 Bannon Lakes Dr CSA A172389154
St. Augustine, FL Contract: 9687022 (C51)				
1 Waste Container 6 Cu Yd, 1 Lift Per Week				
Pickup Service 07/01-07/31		$175.80	$175.80	
Administrative Fee			$5.95 i;;	
Total Fuel/Environmental Recovery Fee			$58.14	

Total Franchise - Local CURRENT INVOICE CHARGES

Electronics Recycling with BlueGuard™
Convenient recycling solutions that are safe for your business and good
for our planet. To learn more, visit RepublicServices.com/Electronics

)>

$11.61 g

$251.50 i
-
z zz
z
z

0
=?
0

REPUBLIC
SERVICES

8619 Western Way
Jacksonville FL 32256-036060

Return Service Requested

Please Return This Portion With Payment

Total Enclosed	

Total Amount Due	$251.50

Payment Due Date	July 06, 2019

Account Number	3..0687-0010861
Invoice Number	0687-000986618
LJ
h   : f  f. dl!i !£l /-\d(h,::,•;;:. C i; .:;r! :.w::;,

L2RCAGDTWR 011295

 		t ;h f":' r;it P.11:..: 1-i{H f (:: fl1·1 pl• :·; i -:';:\1 C•( : t:;
Make Checks Payable To:

1111•n11•1111 111I••·1111111•,1hi111 .,  11I•1,I,1,11II•1111111111I
BANNON LAKES CDD LOUIS COWLING
475 WTOWN PL
STE 114
ST AUGUSTINE FL 32092-3648
3□687 □□1 □8 61□□□□□□□ 9 86618□□002 515000002515□3

11, I,II'111,1,. lI Illlh111ii11•h I'1I11111I1,11111111,1 II  11' II•   I1
REPUBLIC SERVICES #687
PO BOX 9001099
LOUISVILLE KY 40290-1099

Riverside Management Services, Inc

Date	Invoice#	
7/!/2019	56	

9655 Florida Mining Blvd West Suite 305

Im [E rn [E n \YJ [E \!

W}	JUL O 8 2019	®
By

Bannon Lakes CDD
9655 Florida Mining Blvd W
S\1ite305
Jncksonville, FL 32257

Bill To

Jacksonville, FL 32257

	P.O. No.	Terms	ProJecl	

_Quanttty	Desorlptlon	:·.	Rale	Amount	
	Janilorinl Services - July 20 9 3 2.0 , S' 1 2,. '1 S' a0
:Pool Malntenance ServiCCs -Jl!lY 20l9 °'2. o, s 1 '1. ., '-t
Opcrntions Management Se ces -July 2019 '3 -i.o,  S' "'1;_"). G,
Facility Management Services-  July2019	,_0    1    S'"1'l..,"31-t::	1

V I I	0)	583.33
910.50
1,596.50
2)600.00	583.33
910.50
I,596.50
2,600.00	
	Total	SS,690.33	

Governmental Management Services, LLC
1001 Bradford Way
Kingston, TN 37763

Bill To:
Bannon Lakes CDD 475 West Town Place Suite 114
St. Augustine, Fl

ManagementFees -July2019

Information Technology-July 2019	-//-·3,:,1

/, 3/0, 51'3. !;110
Dissemination Agent Services - July 2019	-II- JI6
Office Supplies	-If-510
Postage	-1-1/J;)

Telephone	-//- 1/10

Copies

-!/-t/.Jr

Description

Invoice

Invoice#:  52
Invoice Date: 711119
Due Date:  711/19
Case:
P.O. Number:

Hours/Qty	Rate	Amount

3,750.00	3,750.00	
144.42	144.42	
341.67	341.67	
0.36	0.36	
11.49	11.49	
41.25	41.25	
17.61	17.61	

	Total	$4,306.80	
	Payments/Credits	$0.00	
	Balance Due	$4,306.80	

Hopping Green & Sams
Attorneys and Counselors

119 S, Monroe Street, Ste. 300
P.O. Box 6526

o. 573, JIS:

Tallahassee, FL 32314
850.222.1soo	/,    ,3/
================================= STATEMENT=================================
June 28, 2019

Bannon Lakes Community Development District c/o GMS, LLC
475 West Town Place, Suite 114
St. Augustine, FL 32092

General Counsel
BLCDD	00001	WSH

nECEIVE
I"I!·  JUL 1 0  2019
BY•,..·«-_·.,_  ··.  ·  · 	

Bill Number 108495 Billed through 05/31/2019

FOR PROFESSIONAL SERVICES RENDERED

0.30 hrs

0.20 hrs

0.30 hrs

0.10 hrs

0.30 hrs

0.60 hrs

0.50 hrs

0.30 hrs

2.00 hrs

0.40 hrs

05/01/19	WSH	Prepare budget approval resolution.	
05/01/19	KFJ	Prepare budget approval resolution; correspond with district manager.	
05/02/19	WSH	Review meeting minutes; confer with Stephens regarding same.	
05/10/19	JLK	Continue negotiations and research with district management team, insurance providers and ADA consultants on questions related to policies, accessibility and	
		requisite standards,	
05/17/19	WSH	Review correspondence; begin preparing agreement regarding fitness providers.	
05/17/19	KFJ	Prepare independent contractor agreement; confer with Haber.	
05/20/19	WSH	Prepare agreement regarding third-party services.	
05/23/19	WSH	Review and revise amendment to landscape maintenance contract.	
05/23/19	KFJ	Confer with Haber and correspond with district manager regarding yoga agreement; prepare landscape and amenity agreements,	
05/30/19	WSH	Confer with Stephens regarding budget resolution and agenda for June board meeting.	
05/30/19	KSB	Review agenda package; confer with district manager and chairman.	
05/30/19	CGS	Monitor proposed legislation which may impact district.	

0.50 hrs

0.20 hrs

Total fees for this matter	$1,148.50

MATIER SUMMARY

Stuart, Cheryl G.	0.20 hrs	355 /hr	$71.00	
Kilinski, Jennifer L.	0.10 hrs	275 /hr	$27.50	

Genera! counsel	BIii No. 108495	Page 2
=======================================================================================
Jusevitch, Karen F.- Paralegal		2.80 hrs	125 /hr	$350.00	
Buchanan, Katie S.		a.so hrs	245 /hr	$122.50	
Haber, Wesley s.		2.10 hrs	275 /hr	$577.50	
	TOTAL FEES			$1,148.50	

TOTAL CHARGES FOR THIS MATTER

$1,148.50

BILLING SUMMARY

Stuart, Cheryl G.		0.20 hrs	355	/hr	$71.00	
Kilinski, Jennifer L		0.10 hrs	275	/hr	$27.50	
Jusevitch, Karen F.- Paralegal		2.80 hrs	125	/hr	$350.00	
Buchanan, Katie S.		0.50 hrs	245	/hr	$122.50	
Haber, Wesley S.		2.10 hrs	275	/hr	$577.50	
	TOTAL FEES				$1,148.50	

TOTAL CHARGES FOR THIS BILL

Please include the bill number on your check.

$1,148.50

7-:

-\\\i&
Landcare Group
Irrigation•  Landscape Maintenance
35 Enterprise Drive
Bunnell, FL 32110
(386) 586-3321

Invoice

Terms	Date	Invoice#	
Net 30	6/30/2019	8627	

Bannon Lakes CDD
475 W, Town Place, Suite 114 Sl Augustine, FL 32092

Project	Project#	
Bannon Lakes CDD	M102	
Description	Quantity	Rate	Amount	
Irrigation mainknance for the month of June

Irrigation Parts: (3) 6' pop-ups, (8) nozzles, (2) poly couplings, (4) 1/2" 90°s, bubbler

Irrigation Labor

V_..,/S	fl[)
I, 330. 53!, 1;;.5 1	

l

I	

66.75

35.00	

66.75

35.00	

Thank you for your business!	Total	$101.75	
	Payments/Credits	$0.00	
	Balance Due	$101.75	

06/24 06/24	103188191-06242019	annual flnanc!a! records fy 9/30/19	SA St Augustine Record	1.00 X 5.2500	5.25	
06/24 06/24	103188191-06242019	annual financial records fy 9130/19	SA St Aug Record Onllna	1.00 X 5.2500	5.25	

®
I,3 I 0, 03,	t/ (J

"'	CU!l!U:NT NET AMOUNT	,,1	
300AVS	
BUDAYS	
OVER900AVS	' UHAl'PUEO AMOUNT	"I	"""'TALAM.	,.-NT DUE	
l:lf8:iB9	
$157.07		$0.00	$0.00	$0.00	'){s131
/	""	
SAi.ESREP/PHONE#	,.		.	AOVERTISJ;:R INfORMATIOrf				
Melissa Rhinehart
904-819-3423		BILLING PERIOD
06/03/2019 -06/30/2019 I	BILU:O ACCOUNT NUMB R
15652	ADVERTISER/CLIENT t,!UMBBt
I	15652	'-
I		ADVERTIS CUENTNAME
BANNON LAKES CDD - GMS	

Questions on this invoice call:
(866) 470-7133 Option 2

'"
START STOP

"

12 1

NEWSPAPER REFERENCE

DESCRIPTION

"

PRODUCT

"

SAU SIZE

AMOUITT

INVOICE AND STATEMENT OF ACCOUNT

AGING OF PAST DUE ACCOUNns:

' UNAPPI.IED AMOUNTS ARE 14CLUOEl> INTOTALAMOVNT OUE

So that we may serve you better, please remit the amount due. New business Is dependent on prompt payments. Please lhclude the remittance stub and Input your account number on your check. Thank you.

$157,07

rdttDJJ
$0.00
$0.00
$0.00

PREVIOUS AMOUNT OWED:
NEW CHARGES THIS PERIOD:
CASH THIS PERIOD: DEBIT  ADJUSTMENTS 'fHIS PERIOD:
CREDIT ADJUSTMENTS THIS PERIOD:
We appreciate your business.

$157.07
$47.15
$47.09

$8.98
$8.97

Balance Forward

06/02

MAKE CHECKS PAYABLE TO
The St. Augustine Record

The St. Augustine Record Dept 1261 PO Box 121261
Dallas, TX 75312-1261

	"	B!lUNG PmlOD
06/03/2019 - 06/30/2019	"	AOVERTlSERo'CUENT NAME
BANNON LAKES CDD - GMS	
·RJc'oRD 
«.. .,,........,.,
The St. Augustine Record Dept 1261
PO Box 121261
Dallas, TX 75312-1261
ADVERTISING INVOICE and STATEMENT	
COMPANY	•I	TOTAL AMOUNT DUE	UNAPPLIED AMOUlfT	I, I	TERMS OFPAYMENT	
	SA 7	$251.31	$0.00	I	NET 15 DAYS	
	'"	CURRENT NET AMOUNT	"	lOOAYS	I	tiOOAYS	r	OVER 900AV5	
	I	$157.07	I	$0.00	I	$0.00	
	< I    PAGE#      I• I    8Jl.l.JNGDATE	Io f    8JLI.ED ACCOUNT NUMBER     Pl	AOVERTISERICt.lENTNUMBER I 24STA'l'EMENT NUMBER	
	I	06/30/2019	I	15652	I	15652	I	0000047968	

·J: 1 -

Payment ts due upon receipt.

PLEASE DETACH AND RETURN LOWER PORTION WITH YOUR REMITTANCE

 	B!WNG ACCOUNT NAME.Atlb AOORE$8		 	RIWITTANCE  ADDRESS	

BANNON LAKES CDD - GMS 475 W TOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
llll,lll'!•l1lhlll1JIIJllll11l1lpJh1lll1lhlh11IJlnj11l111II

The St. Augustine Record
Dept 1261
PO Box 121261
Dallas, TX 75312-1261

L	_j

Mon, Jun 24, 2019 8:20:31AM

Acct: Phone: E-Mail:

15652
9049405850

Legal Ad Invoice
The St. Augustine Record
Send Payments to:
The St. Augusting Record Dept 1261 PO Box 121261
Dallas, TX 75312-1261
Name: BANNON LAKES COD - GMS
Address: 475 WTOWN PLACE, STE 114

Client:    BANNON LAKES COD - GMS	City:   SAINT AUGUSTINE	State:    FL	Zip: 32092

Ad Number:
Start:
Placement:

0003188191-01	Caller: shelby stephens
06/24/2019	Issues:	1
SA Legals	Rep: Melissa Rhinehart

Paytype:
Stop:

BILL 06/24/2019

Copy Line:

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVIC
BANNON 1.AKES COMMUNITY
DEVEl.OPMR'NT DISTRICT

Lines Depth Columns

Price

62
5.25
1

$94.24

REQ.UESTFOllPROPOSALSFOR
.ANNUALAimrrsERVlCe.'.l
'l !tD	f;
fur annual .finllD..cl.al auditing • ivl . 11ie _prop11snl must i?W\ide for the au­ ditmii- of the Dlslrlet s financlal record$ fut ifi11 fueal year endtng Sr:[,tembcr ao, 2019, with au option £or two additionl'll rumual reruiwak. The District a loeal

rurpose

lo b:s;i J: :

=:::i;;:Them=tt ¥Jd

ulcs, for the	of finAncing, con-

Johns County lll>il Wl!I a general fund,
Th.i t d ;R"c:::t : :;
i178, Florido. Statuteti and be qm1lififfl lo
conduct audils in acr:ord!U>ee with Go­
-emment Auditing Standuda,'" as lldopted by the Florida Boaril vf Ac­ munbu1(.')'. Amllb 1/.lmll be ronduded in
!IL'ml'da.nw with Florld11 Law  11nd par­
ticullm)• Section 2111.39, Florida St11t­
es eJ_1e rule# of the Floridll kldl-

Pmposnl paclutgl'S, which include eviU>la­ tion criteria and inWUctio:n• tn [ll'O(Hl$­ ct'lf, are a,'a!L,.bfo trOm the Didrlcl Man­ ager al the ru1d rmd telcphnrn, num­ berlis!M bclmv.
.Proposm must proride ooo (1) hlll"d copy IL!ld we (1) dectrvnic copy of their pro­ ptl$d to GMS, LLC, Du.tlict Manllg<!r,

dltitJf

+76 Ww\ "l'u1m Pince, Suite 114, World Golf V"illllge, SL Augustine, Florid" 112092,  telephone  (904)  940-5860,  in 1W em'elope mlll"ked on the mrtslde MAu­
Servi - Bannon Lakes Com­ munity Oe1..,lopment Dlt.trlct: Propos• alfi n1ust be real.v,:,d by Monday, July 15, 20l9t :00 p.m., at Um otr1CC of the District Mam1Fr• 111e Dl&trlcl reserves the rli;hl lo reJeet any and all prnpo. i.ls. m11-ke modifil'.lltion 1(1 lhe	uf tho
\VOri<., ,ind wni e uny mlnur lnformJlli­ ttes or lrngulnrities  in propoSll!s us 11
=deemi st{o.ppr:oUprlute,     PJi?,,se  dtrecl  uil

1mIE ml !E Il W IE fm

I

\h l	JUN2 6 20\9
\By	I

1	this Notice to the
Bimnon I.nkM Community
f:"gli:g :Mo.nager
000311111191 Jnnc 24,201.9

THE ST. AUGUSTINE RECORD
Affidavit of Publication

BANNONLAKESCDD-GMS 475 W TOWN PLACE, STE 114

SAINT AUGUSTINE, FL  32092

ACCT: 15652
AD# 0003188191-Dl
PO#

PUBLISHED EVERY MORNING SUNDAY THROUGH SATURDAY ST. AUGUSTINE AND ST. JOHNS COUNTY, FLORIDA

STATE OF FLORIDA COUNTY OF ST. JOHNS
Before the undersigned authority personally appeared JULIA KERTI who on oath says he/she is an Employee of the St. Augustine Record, a daily newspaper published at St. Augustine in St. Johns County, Florida; that the attached copy of advertisement being a REQUISITION OF PROPOSALS in the matter of annual financial records fy 9/30/19 was published in said newspaper on 06/24/2019.

l3ANNONLAKES COMMUNTTV DEVELOPMENTDlSTRlCT JtEQ"UESTFORPROPOSAISFOR
ANNUALAUDITSERVICI!S
:     "L'he Ba1moo Lake3 C.ommlmity Deyd.op•
:      mellt Dntrict hereby  requests proposals
fur ,,.m,olll fimmciiil. 11111litin{c services.
Fili   till :;
fur ilie&cal year eudi Septembe:r 30,

=	a: aZ

!!019, wilh IUl option for two 11di!itiomil
=i:id wiev,als. The Dil;trlct b a local
05      :W	at s utcs, for the pmpose of fillmdng, eon- 61:rueting, and mll.llltainlng public illfra... rnucwre. Tin: District is lo!::atecl in st. John Coonty lll'!dhu11. genmil fl111d.
: ThJ!::t:d  :,,c ft5
:  4-'/'3, Florida Statute.r. 1111d b&qualifiro to
ecnduct audit,, in. accoroane<I with "Go--
.	vemmcnt     And.mug	a!.
.dopled by the Florido. llo;ud of Ac­ ooun!Mcy. Audits ahall. be eonducted in 'lt:OIDWlce with lllorlda I.aw and par­ licula.Jly Scd:ion :118.39, Florida Stat­ utes, and the rules of the Florida Audi• torGenl:n\l,

=

Prop111u!l pdu,ges, which include evalo.11.­ lion oiWria.11nd in6!:rac&m to PfDpo&­ tt,ate,rvwlnble from theDistrict _M;m.
11nd telaphone num-

Affiant further says that the St. Augustine Record is a newspaper published at St. Augustine, in St. Johns County, Florida, and that the said newspaper heretofore bas been continuously published in said St. Johns County, Florida each day and has been entered as second class mail matter at the post office in the City of St. Augustine, in said St. Johns County, Florida for a period of one year preceding the first publication of the attached copy of advertisement; and affiant further says the he/she has neither paid nor promised any person, finn or corporation any discount, rebate, commission, or refund for the purpose of securing this advertisemellt for publication in said newspaper.

Sworn to and subscribed before me this 	day of 	_

by ..::_-Xlf:='.',,o;.!:c!:=--.l',,1JJ tf0".'.::-=- who is personally known to me

produced as identification	.....,,..,,,,..,,'A, ­
 	
Nolary Public Siate of Florida TlFFAi"i'Y M LOWE
Mv Cornrnlsslan GG 115811
Expires 06/18/2021

D.

Bannon Lakes
Community Development District	Construction Funding Request #20
June 4, 2019

143	England Thims & Miller
Professional  Services through  March  31,  2019 Inv #190062 4/9/19	$	236.17

/-3oo •l:Sl •I  a I
C,FR  :I!. :Z..o	'R£= ,tt--ltf.3

Please make check payable to:	Bannon Lakes COD
c/oGMS LLC
475 West Town Place Suite 114
St Augustine FL 32092

Signature: ------,,,---,----:-:c-,,,.	­
Chairman/Vice Chairman

Signature: 	_
Secretary/Asst. Secretary

7,500.00	11.3333	850.00	850.00	0.00	
45,000.00	100.00	45,000.00	45,000.00	0.00	
23,000.00	100.00	23,000.00	23,000.00	0.00	
5,500.00	50.00	2,750.00	2,750.00	0.00	
6,500.00	100.00	6,500.00	6,500.00	0.00	
87,500.00		78,100.00	78,100.00	0.00	

Preparation of MDP
Preparation of Site/Civil Construction Docs - Water & Sewer
Preparation of Site/Civil Construction Docs
- Paving & Drainage
Landscape and Irrigation Design
Commercial Outparcel Utility & Mass Grading Design
Total Fee
Total Fee	0.00
Total this Phase	0.00

!'l'- ---------£----------	!!1-e..n1	2 !!1l 'Y- '!!}!!t! i---------------------------------------
Task	1-5	Lump Sum Services

Contract
Task	Amount	Percent Complete	Earned
To Date	Previously
Billed	Current
Billed	
1. SJC Construction Plans Processing	10,000.00	100.00	10,000.00	10,000.00	0.00	
2. SJRWMD ERP	10,000.00	100.00	10,000.00	10,000.00	0.00	
3. FDEP Potable Water Distribution Sys.	2,600.00	100.00	2,600.00	2,600.00	0.00	
4. FDEP Sanitary Sewer Collection Sys.	2,60 0.00	100.00	2,600.00	2,600 .00	0.00	
5. EPA-NPDES-General Notice of Intent	1,500.00	0.00	0.00	0.00	0.00	
Total Fee	26,700.00		25,200,0 0	25,200.00	0.00	
Total Fee	0.00
Total this Task	0.00

Task	6	FPL Coordination
En.gland•Thim •mmar,lnc,
-  N.ill!CM•	·" •l.l.JJl'lf:i\ J'f	lt
lln / QdSl	W  •.i.l:,o,rb,  n.;loillSl•l<l    m -     •• -
-	=	!8

	Current	Prior	To-Date	
Total Billings	0.00	0.00	0.00	
Contract Limit			7,500.00	
Remaining			7,500.00	
Total this Task	0.00

Total this Phase	0.00

Phase	G	Construction Administration

------------------------------------------------------------------------------------------
-T-a-s-k-----------1---2----------L-u-m-p--S-u-m--S-e-rv-i-c-e-s------------------------------------------------

Contract
Task	Amount	Percent Complete	Earned To Date	Previously
Billed	Current Billed	
1. Bid Documents	5,000.00	16.65	832.50	832.50	0.00	
2. Shop Drawing Review	5,000.00	100.00	5,000.00	5,000.00	0.00	
Tot;,J Fe!"	10,000.00		5,832.50	5,832.50	0.00	
Total Fee	o.oo
Total this Task	0.00
-T-a-s-k-----------3------------O-n---S-it-e-C-o-n-s-t-ru-c-t-io-n-O--b-s-e-rv-a-ti-o-n--------------------------------------
Professional Personnel

Sr. Inspector Donchez, James
Totals
Total Labor

Total Billings

3116/2019

Hours

1.00
1.00

Current
139.00

Rate

139.00

Prior
19,297.00

Amount

139.00
139.00

To-Date
19,436.00

139.00

Contract Limit	56,064.00		
Remaining	36,628.00
Total this Task	
$139.00	
	Total this Phase	$139.00	

XP	ExpensesPhase

------------------------------------------------------------- ----------------------------
Expenses

Delivery / Messenger Svc
Total Expenses

Total Billings Contract Limit Remaining

Current
97.17

times Prior
6,156.90

88.34
88.34
To-Date
6,254.07
10,000.00
3,745.93

97.17

Total this Phase	$97.17

England·Thim) &mitl r.l11e.
-• • •OIS,UllD9Cll?l, Tll
!!mCilSl. llcoH• Fb\,lomst•lol -1111v;i+ia-t111S
CA. H

Invoice Total this Period

Outstanding Invoices
Number
0189826
Total

Date
31512019

Balance
1,483.14
1,483.14

Total Now Due	$1,719.31

England•Thim &ffiillar,l11c.
a«lll!URS•!Wi!!ERS•S!JM:\'OOS•OIS•IJJl(l$CAl'Em:HIIECTfi
1msCMa IIMd• kfbo;\l:mf,S•WiOI-W.$•1Sl
cl,{.'O)(IZ5MI.C{J));tl!O

,,, ,,,

REQUISITION NO. 143
(2016 Acquisition and Construction Account)

BANNON LAKES COMMUNITY DEVELOPMENT DISTRICT (ST. JOHNS COUNfY, FLORIDA)
$11,850,000
Special Assessment Revenue Bonds, Series 2016

The undersigned, a Responsible Officer of Bannon Lakes Community Development District (the "District'') hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture from the District to  The  Bank  of  New York Mellon Trust Company, N.A., as trustee (the "Trustee"), dated as of January 1, 2016 (the "Indenture"), (all capitalized tenns used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 143

Name of Payee: England-Thims & Miller, Inc.

Amount Payable: Total: $236.17

Bannon Lakes CDD Invoice #0190062

Fund or Account from which disbursement to be made: 2016 Acquisition and Construction Account

The undersigned hereby certifies that:

l.	this requisition is for Costs of the 2016 Project payable from the 2016 Acquisition and Construction Account that have not previously been paid;

each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account;

The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain.

Attached hereto are originals of the invoice(s) from the vendor of the property acquired or
the services rendered with respect to which disbursement is hereby requested.
Dated May 31, 2019

 u-=-

BANNONLAKESCOMMUNITY DEVELOPMENT DISTRICT

By:
Arthur E. Lancaster
Chairperson, Board of Supervisors

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement from other than Costs of Issuance, the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made; and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

ENGLAND, THIMS & MILLER, INC.

By:	+//	/	<t
Title: District Engineer

Grau and Associates
951 W. Yamato Road, Suite 280 Boca Raton, FL 33431- www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

'

W IE

®rE lG5 IEa

W	JUL 2 2 2019
By

Bannon Lakes Community Development District 1408 Hamlin Avenue, Unit E
Saint Cloud, FL 34771

Invoice No.	18518
Date	07/16/2019

SERVICE

Arbitrage Series 2016 FYE 12/31/2018

Current Amount Due

AMOUNT

$ 	s=o=o=.o=o
$ 	6""0,.Qe,Q.,,Q

0 • 30	31- 60	61 -90	91-120	Over 120	Balance	
600.00	0.00	0.00	0.00	0.00	600.00	
Payment due upon receipt.

.  .,      . .	. ..	. . .  .  .

Riverside Management Services, Inc
Suite 305

®tE rEDWEErn1
fil1 JUL 1 7 20 \S
By

Bannon Lakes CDD
9655 Florida Mining Blvd W Suile 305
Jacksonville, FL 32257

Bill To

.Jacksonville, FL 32257

Date	Invoice#	
7/12/2019	SB	

Invoice

	P.O. Mo.	Terms	Project	
				
Quantity	Description	Rate	Amount	
	Pncilily Mnintcnonco June I - June 30, 2019
Maintenance Supplles

JJ;;J '7•· Is'Ir
fAtJ1hry !flt11/JT,
OD/.:1"{(),s-1oico 4 '-/ s-- 10°

/\\\
{)	1,220.86
464.69	1,220.86
•164.69	
	Total	St.685.55	

RMS	BANNON LAl<ES COMMUNITY DEVELOPMENT DISTRIC,	V
MAINTENANCE BILLABLE HOURS
 	FOR THE MONTH OF JUNE 2019	

pate	Hours EmQloyee pescrJptlon
6/6119	4	ltH.	Replaced NG fllte1s and cleaned up waler from AIG leak, dusted fnness center for splderwebs
eggs-, dc.f<osled anti cleMei;I out traazer
6/6119	6	8.L.		Installed longeMl\alns on lwo swings, purchased mount and 1V and lnslall In QU\doorcommon area, relocate tU1.6h mceplades lo pool areas
6/6119	5	R.M.	Installed new chains on lwo awings lo lower lhe seals, relocated trash can lo the pool, lnstalled
mount fornew1V on the pavilion, picked up supplies
6/13/19	4	K,8,	Bn.ished ceilings for spider we.b s1 Jlxed lennls court \"ilndscreens,bleached" a\lblack algae spots
ti.een, checked and changed dog pmk Irash receptacles 6113/jij	2	8,L,	Mount 1V In open communlty area
6/20119	2	l<.8.	Ousled for spiderwebs and eggES around bulkHngs1 emptied dog pal'k trash receplacles1 fJXed
tennis courts wind screens, blewdebri$ off baskelbaH court and tennis courts.
6/20119	3	K.H.	Dusted amentty cen:terand filness cenler forspiderwebs and e_ggs, repalred wind screen on basketball and tennis courts
6/25/19	4	B.L,	Repalrmen1s bathroom door, tieeded to remove door closer and trlm, re,adjust doorclo1>er(ba11t) reJ:)late-lop section of !rim and re-Install closar, used longer screws lo retain bracket In place of screws to .short, cleanup, remove swilch and check for operaUon, problem may be in fan un1!,
lo check If warranty sUU appUes before proceeding, put old switch backIn
6127119	4	l(,B.	Re1MVed debris, d1.H. 1ted splderwobs and eggs, blow debris ofl tennl oourts afl(l baskelba.ll checked and changed allhash receptacles, emptled dog part< tt !;lh re<:eplac]es, removed deb1fo
around aman!ty center, llxeid tennis e:ourt windscraens

TOTAL 	33 

MllES 	148	1 Mileageis reimbursable persettlon 1.12.061 Florida StahitesMile.age Rale 2008-0.445

BANNON LAKES

MAINTENANCE BILLABLE PURCHASES

P•rlod ending 07105119
DISTRICT	DATE	SUPPLIES	
llL

BANNON LAl<ES
6/7119
6/10/19
6112119
6112/19
6/20119
6/24/19
6124119
6124119

cons1ent Contacts Mastet Look Velcro
Ttghl Space Exlention Cord
Pool Permit
55 Gallon Trash Bags Fan Control Switch Screws

23,00
19,53
3.43
11.47
358,61
18.37
24.97
 	6.43 
TOTAL	$464,69

B.S,
8,8,
6,L.
B,l.
B.S. BL BL B,L.