Tohoqua Community Development District
Agenda August 3, 2022

Tohoqua
Community Development District
Meeting Agenda
Wednesday	Tohoqua Amenity Center
August 3, 2022	1830 Fulfillment Drive
9:00 AM	Kissimmee, Florida 34744

Roll Call
Public Comment Period
Approval of Minutes of the March 2, 2022 Board of Supervisors Meeting
Consideration of Acquisition Agreement for Phase 4B/5B
Consideration of Acquisition Agreement for Phase 3/6 - Added
Review and Acceptance of FY 2021 Audit Report
New Business
Public Hearing
Consideration of Resolution 2022-09 Adopting the Fiscal Year 2023 Budget and Relating to the Annual Appropriations
Consideration of resolution 2022-10 Imposing Special Assessment and Certifying an Assessment Roll
Approval of Fiscal Year 2023 Meeting Schedule
Consideration of Deficit Funding Agreement – Added – Separate cover
Consideration of Resolution 2022-08 Authorizing the Use of Electronic Document Signatures
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters - 455
Amenity Manager’s Report
Field Manager’s Report
Reminder to File Form 1 with Supervisor of Elections
Other Business
Supervisors Requests
Adjournment

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MINUTES OF MEETING TOHOQUA
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Tohoqua Community Development District was held on Wednesday, April 6, 2022 at 9:00 a.m., at Tohoqua Amenity Center, 1830 Fulfillment Drive, Kissimmee, Florida.

Present and constituting a quorum:

Andre Vidrine	Chairman
Marcus Hooker	Vice Chairman
Rob Bonin	Assistant Secretary

Also present were:

George Flint	District Manager
Kristen Trucco	District Counsel
Eric Warren (by phone)	District Engineer
Alan Scheerer	Field Manager
Marcia Calleja	CALM
Larissa Diaz	CALM

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order at 9:00 a.m. and called the roll. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: We just have Board Members and staff.

THIRD ORDER OF BUSINESS	Approval of Minutes of the March 2, 2022
Board of Supervisors Meeting
Mr. Flint: Did the Board have any comments or corrections? Mr. Vidrine: No.
Mr. Flint: Then we need a motion to approve.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-04
Approving the Conveyance of Improvements Relating to Assessment Area Three for the Series 2021 Bonds
Mr. Flint: This is for the Phase 4A/5A project. Once the Board approves Resolution 2022-04, we have the associated requisition to be ratified. Kristen?
Ms. Trucco: I can go through the resolution, quickly. Like George said, this is a resolution related to Requisition #6 for the Series 2021 bonds. This is for a conveyance related to that requisition. The resolution is going to approve the conveyance documents that are attached to the resolution. Those include the Special Warranty Deed and Bill of Sale. Those documents transfer the real property tracts and improvements from the developer to the District. Following that is an agreement regarding taxes and Owners Affidavit. Those are promises from the developer that they are no outstanding taxes or encumbrances on the real property tracts or improvements that would hinder the ability of the District to maintain those. Following that is a certificate of the District Engineer. This certificate is required under the initial bond documents including the Acquisition Agreement where the District Engineer certifies that those conveyances are contemplated by the original development plans for the District and that the real property tracts abide by all of requirements of the District to only maintain them. If you have any questions, I can try to answer them now. Otherwise, we are just looking for the Board to approve Resolution 2022-04.
Mr. Flint: Are there any questions on the resolution or exhibits? If not, we need a motion to approve the resolution.

Consideration of Series 2021 (4A/5A Project) Requisition #6
Mr. Flint: I placed this item on the agenda in anticipation that we would have Requisition #6. Eric, are we still working on Requisition #6?
Mr. Warren: I sent that out on Friday. Did you not receive it? I didn’t get a bounce back. I probably should’ve called.
Mr. Flint: Okay.
Mr. Warren: I sent it out to you and Jan and Kristen on Friday.
Mr. Flint: We don’t technically need Board approval to process it. So, we can go ahead and move forward with processing Requisition #6 and we can bring it back at your next meeting to be ratified, if necessary. I don’t have the information in front of me. I thought it was in the agenda.
Mr. Warren: I can tell you really quickly.
Mr. Flint: Why don’t you go through it and then the Board can just approve it.
Mr. Warren: Yup. Briefly, it’s the same form as the others. Basically, it was for the transfer of the stormwater and sanitary sewer, which had a $3 million value. The requisition was only for $1,675,691.38, which is what I believe is the balance of the remaining bond money. Its significantly less than the actual value of the assets.
Ms. Trucco: So, the Series 2021 bond series is for the Phase 4A/5A project. It is going to come out of those bonds.
Mr. Flint: Requisition #6 would draw down the balance of the construction account. We probably have $2 million more in improvements than we do in funding. If the Board is comfortable approving Requisition #6 based on Eric’s description, we need a motion to approve it.

FIFTH ORDER OF BUSINESS	Ratification of Sidewalk Easement for Lot
134
Mr. Flint: Kristen?

Ms. Trucco: Yes. This was a request by the developer, Pulte Home Company (Pulte). The District approved one of these previously, I think in 2021. It is the same exact form of agreement. We are requesting an easement over Lot 134 that was owned by Pulte in order to construct and maintain the sidewalk. So, we have the form of the easement here and then there’s an exhibit showing the exact location of the sidewalk and the easement. If you have any questions, we can answer them now. Otherwise, we are just looking for a motion to approve the sidewalk easement.
Mr. Flint: Are there any questions on the easement? If not, we need a motion to ratify.

SIXTH ORDER OF BUSINESS	Ratification of Requisitions
Series 2018 Requisition #2
Series 2021 (Phase 2 Project) Requisition #5 - #7
Series 2021 (Phase 4A/5A Project) Requisition #4 - #5
Mr. Flint: We have some requisitions to be ratified. Requisition #2 for the Series 2018 bonds, reimburses the District for some expenses that they paid for $735 through the General Fund. Then for the Series 2021 bonds, for the Phase 2 project, we have Requisitions #5, #6 and #7. Requisition #5 is also payable to the CDD for $1,924 to reimburse for engineering services. We paid Poulos & Bennett and then reimbursing the District for that. Requisition #6 is for Poulos & Bennett for $52.50 and Requisition #7 is for Poulos & Bennett for $1,050. Then we have Requisitions #4 and #5 for Series 2021, which preceded Requisition #6 that you just approved. Requisition #4 is for $745 to reimburse the District for engineering expenses and Requisition #5 is also to Poulos & Bennett for $1,035. Are there any questions on the requisitions? If not, we need a motion to ratify the ones that I just covered.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Kristen, do you have anything else?
Ms. Trucco: No. The only update is that we are moving forward with the contraction. So, you will see some more documents at upcoming meetings. Otherwise, I have no updates for the Board.
Mr. Flint: Okay. Are there any questions for District Counsel? Hearing none,

Engineer
Mr. Flint: Eric, do you have anything else for the Board?
Mr. Warren: I do not have anything else, but I’m available for questions if there are any. Mr. Flint: Are there any questions for Eric? Hearing none,

District Manager’s Report
Approval of Check Register
Mr. Flint: You have the Check Register for February 20, 2022 through March 29, 2022 totaling $158,49902. Are there any questions on the Check Register? If not, we need a motion to approve it.

Balance Sheet and Income Statement
Mr. Flint: We have the Unaudited Financial Statements through the end of February. You have the combined Balance Sheet for the General Fund, Debt Service Fund and Capital Project Funds. Then we have the Statement of Revenues and Expenditures for each of the funds as well as a month-to-month summary of revenues and expenses for the General Fund. Are there any questions on the financials? Hearing none,

Presentation of Arbitrage Rebate Calculation Reports
Mr. Flint: We have the Arbitrage Rebate Calculation Report for the Series 2021 bonds for the Phase 2 project dated March 5, 2021. We are required to do this calculation under the IRS code to make sure that we are not earning more interest than we are paying. You can see that we

have a negative rebatable arbitrage of $71,791. So, there are no arbitrage issues. That is the first one. Then we have the Series 2021 bonds with negative arbitrage of $85,000. We just have those two reports. Are there any questions on the reports? If not, we need a motion to accept them.

Amenity Manager’s Report
Mr. Flint: Larissa or Marcia, are you going to present the Amenity Report?
Ms. Diaz: Yes. Good morning. In March, we had one Clubhouse rental. You can see a recap of the events that we had in March. One of them was the St. Patrick’s scavenger hunt. It was surprisingly nice. The residents supported it. We gave away personalized mints. You will find the event schedule for this month. The Happy Hoppy Easter is becoming very popular. We had a lot of RSVPs. You also have a summary of the Usage Report for the pool and Gym. I have pictures of the March events. Are there any questions?
Mr. Vidrine: No questions. Very nice. Ms. Diaz: Thank you.

Field Manager’s Report
Mr. Scheerer: Just briefly, we are meeting regularly with United Land Services (United) to review the entire community. We are dealing with some weed pressure right now. They should be onsite today doing the edging and tree rings. We are moving to weekly service in the month of April. I’m talking with Mr. Jay Robins at Pulte. He has a couple of areas that he would like to turn over. We will be reviewing those areas in the next 30 days and bringing back and addendum for a couple of ponds and maybe a third pond that is in Phases 2 and 4. The one in Phase 5 is what he is looking to turn over to us. We are working with the contractor to get the as- builts and the irrigation system. We have an issue with the slide at the playground. We are working on repairing it. It has pulled out of its brackets and we are having a hard time putting it back. So, it has been roped off for now while we are working on it. Staff was out here recently looking at a location for a bike rack at the pavilion for all of the school kids. I don’t know if we will have enough bike racks for all of the kids that are up there in the morning. Sod was removed by the mail kiosk. We are going to have to do some additional work over there to get that cleaned

up and tied into the sidewalk. The sod will be replaced where the dirt has been sitting for a while. I’ll be here most of the morning with United. If there are any questions, I would be happy to answer them for you.
Mr. Flint: Are there any questions for Alan? Hearing none,

EIGHTH ORDER OF BUSINESS	Other Business
Mr. Flint: That was all of the business items we had. Was there anything else that the Board wanted to discuss that was not on the agenda?
Mr. Vidrine: No.

NINTH ORDER OF BUSINESS	Supervisors Requests
Mr. Flint: If there is nothing else, we need a motion to adjourn.

TENTH ORDER OF BUSINESS	Adjournment

Secretary / Assistant Secretary	Chairman / Vice Chairman

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AGREEMENT BY AND BETWEEN THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AND THE DEVELOPER, REGARDING
THE ACQUISITION OF CERTAIN WORK PRODUCT AND INFRASTRUCTURE FOR SPECIAL ASSESSMENT REVENUE BONDS,
SERIES 2022 (PHASE 4B/5B PROJECT)

THIS AGREEMENT BY AND BETWEEN THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AND THE DEVELOPER, REGARDING THE ACQUISITION OF CERTAIN WORK PRODUCT AND INFRASTRUCTURE (the
“Acquisition Agreement”) is made and entered into as of 	, 2022 by and between TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Osceola County, Florida (the “District”) and PULTE HOME COMPANY, LLC, a Michigan limited liability company (the “Developer”).

RECITALS

WHEREAS, the District was established by Ordinance No. 2017-57 by the Board of County Commissioners of Osceola County, Florida, adopted on August 14, 2017 (the “Ordinance”), for the purpose of planning, financing, constructing, acquiring, operating and/or maintaining certain infrastructure, including surface water management systems, water and wastewater facilities, roadways, landscaping, parks, and recreational facilities and uses; and

WHEREAS, the Developer is the developer and and/or owner of certain property located within the District boundaries (the “Development”) identified in Exhibit “A,” which is attached hereto and incorporated herein (the “Lands”); and

WHEREAS, the District is issuing its $	 Tohoqua Community Development District Special Assessment Revenue Bonds, Series 2022 (Phase 4B/5B Project) (the “Series 2022 (Phase 4B/5B Project) Bonds”) to finance the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilities, and services (the “Improvements”) as detailed in the Tohoqua Community Development District      Supplemental Engineer’s
Report for Phase 4B/5B (Phase 4B/5B Project), dated Report”), attached hereto as Exhibit “B;” and
	, 2022 (the “Engineer’s

WHEREAS, the District plans to construct, complete the construction and/or acquire certain public infrastructure improvements within the Phase 4B/5B Project, as more specifically described and identified in the Engineer’s Report; and

WHEREAS, the Developer acknowledges that the Development will benefit from the timely completion and acquisition of the Phase 4B/5B Project; and

WHEREAS, the Developer and the District acknowledge that the funds available from the Series 2022 (Phase 4B/5B Project) Bonds will not be sufficient to complete the design, construction and/or acquisition of the Phase 4B/5B Project; and
WHEREAS, the Developer has agreed to complete the Phase 4B/5B Project, as more generally described in Exhibit “C” (as completed, the “Improvements”), in an expeditious and timely manner, some of which development requires or includes some of the improvements or items as described herein; and

WHEREAS, the District has not had sufficient monies on hand to allow the District to contract directly for the preparation of the necessary surveys, reports, drawings, plans, permits, specifications, and related documents contemplated in Exhibit “D” (the “Work Product”), which would allow the timely commencement and completion of construction of the Improvements; and

WHEREAS, the Developer is under contract to create or has created the Work Product for the District and wishes to convey certain elements thereof, as it is completed, to the District; and

WHEREAS, the Developer acknowledges that upon its conveyance, the District will have the right to use and rely upon the Work Product for any and all purposes and further desires to release to the District of all its right, title, and interest in and to the Work Product (except as provided for in this Acquisition Agreement); and

WHEREAS, the District desires to acquire ownership of the completed Work Product as well as the unrestricted right to use and rely upon the Work Product for any and all purposes; and

WHEREAS, in order to allow the District to avoid delay as a result of the lengthy process incident to the sale and closing on the Series 2022 (Phase 4B/5B Project) Bonds, the Developer has under contract, under construction, or is obligated to convey to appropriate units of local government as is designated in the Engineer’s Report, certain portions of the Phase 4B/5B Project; and

WHEREAS, the Developer agrees to convey to the District all right, title, and interest in the Improvements to be owned by the District as of the “Acquisition Date” (as hereinafter defined); and

WHEREAS, the District wishes to acquire the Improvements from the Developer as of the Acquisition Date, notwithstanding the District’s inability pay for all or some of the Improvements with the proceeds of the Series 2022 (Phase 4B/5B Project) Bonds; and

WHEREAS, in conjunction with the acquisition of the Improvements, the Developer desires to convey, or cause to be conveyed, to the District, interests in certain real property sufficient to allow the District to own, operate, maintain, construct, or install the Improvements, whether such conveyances shall be in fee simple, perpetual easement, or other interest as may be in the best interests of the District, or required by permits or development plans and agreed to by the Developer (the “Real Property”); and

WHEREAS, the Developer agrees to convey, or cause to be conveyed, any such Real Property to the District and in a form satisfactory to the District and subject to the conditions set forth herein; and
WHEREAS, the Developer shall have the option to contribute additional Real Property and/or Improvements with values in an amount equal to or in excess of the Lands Assessments, and, if such option is elected, the District has agreed to accept such conveyances in lieu of assessments in order to complete the Phase 4B/5B Project, in an expeditious and timely manner (“Conveyances in Lieu of Assessments”); and

WHEREAS, the District and the Developer are entering into this Acquisition Agreement to ensure the timely completion, conveyance and operation of the Phase 4B/5B Project.

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

Incorporation of Recitals. The recitals stated above are true and correct and by this reference are incorporated as a material part of this Acquisition Agreement.

WORK PRODUCT. The District agrees to pay, but only to the extent funds are available for such purpose derived from the proceeds of the Series 2022 (Phase 4B/5B Project) Bonds, the actual reasonable cost incurred by the Developer in preparation of the Work Product in accordance with the provisions of this Acquisition Agreement. The Developer shall provide copies of any and all invoices, bills, receipts, or other evidence of costs incurred by the Developer for the Work Product. The parties agree that Acquisition Dates may be established for the acquisitions contemplated by this Acquisition Agreement. The District Engineer shall review all evidence of cost and shall certify to the District’s Board of Supervisors the total actual amount of cost, which in the District Engineer’s sole opinion is reasonable for the Work Product. The District Engineer’s opinion as to cost shall be set forth in an Engineer’s Certificate which shall accompany the requisition for the funds from the District’s Trustee. In the event that the Developer disputes the District Engineer’s opinion as to cost, the District and the Developer agree to use good faith efforts to resolve such dispute. If the parties are unable to resolve any such dispute, the parties agree to jointly select a third-party engineer whose decision as to any such dispute shall be binding upon the parties. Such a decision by a third-party engineer shall be set forth in an Engineer’s Affidavit which shall accompany the requisition for the funds from the District’s Trustee. The parties acknowledge that the Work Product is being acquired for use by the District in connection with the construction or operation, as applicable, of the Improvements.

The Developer agrees to release and/or to provide a non-exclusive assignment to the District of the right, title, and interest which the Developer may have in and to the above described Work Product, as well as all common law, statutory, and other reserved rights, including all copyrights in the Work Product and extensions and renewals thereof under United States law and throughout the world, and all publication rights and all subsidiary rights and other rights in and to the Work Product in all forms, mediums, and media, now known or hereinafter devised. To the extent determined necessary by the District, the Developer shall obtain all releases and/or assignments from any professional providing services in connection with the Work Product to enable the District to use and rely upon the Work
Product. Such releases and/or assignments may include, but are not limited to, any architectural, engineering, or other professional services. Such releases shall be provided in a timely manner in the reasonable discretion of the District.

The Developer acknowledges the District’s right to use and rely upon the Work Product for any and all purposes.

Acquisition of Improvements.  The Developer agrees that bond proceeds shall only be disbursed upon completion of the Improvements and conveyance to the District. The Developer has constructed, is constructing, has under contract or will have under contract to construct and complete, the Improvements. When the Improvements are completed and are ready for conveyance by the Developer to the District, the Developer shall notify the District in writing, describing the nature of the Improvements, their general location, and their estimated cost. Any Real Property interests necessary for the functioning of the Improvements to be acquired under this paragraph shall be reviewed and conveyed in accordance with the provisions of Section 4. The District Engineer, in consultation with counsel, shall determine in writing whether or not the infrastructure to be conveyed is a part of the Improvements contemplated by the Engineer’s Report and, if so, shall provide Developer with a list of items necessary to complete the acquisition. Each such acquisition shall also be subject to the engineering review and certification process described in Section 2. The District Manager shall determine, in writing, whether the District has, based on the Developer’s estimate of costs, any unencumbered Series 2022 (Phase 4B/5B Project) Bonds funds available to pay for the acquisition of such Improvements, although the Developer agrees that such payment is not required for the conveyance(s), if sufficient funds are not available. The Developer agrees, if it elects this option, that either no payments or reimbursements of any kind shall be made by the District for Conveyances in Lieu of Assessments, or payments or reimbursements may be deferred or partially deferred pending availability of unencumbered Series 2022 (Phase 4B/5B Project) Bonds funds becoming available.

All documentation of any acquisition (e.g., bills of sale, receipts, maintenance bonds, as-built, evidence of costs, deeds or easements, etc.) shall be to the reasonable satisfaction of the District. If any item acquired by the District is to be subsequently conveyed to a third-party governmental body, then the Developer agrees to cooperate and provide such certifications or documents as may be required by that governmental body, if any.

The District Engineer shall certify as to the actual cost of any Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer.

The Developer agrees to cooperate fully in the transfer of any permits to the District or a governmental entity with maintenance obligations for any Improvements conveyed pursuant to this Acquisition Agreement.
Conveyance of Real Property.

Conveyance. The Developer agrees that it will convey, or cause to be conveyed by others, to the District at or prior to the Acquisition Date, and as determined solely by the District by a special warranty deed, easement (which may be non-exclusive), or other instrument reasonably acceptable to the District and the Developer together with a metes and bounds or platted legal description, the Real Property upon which the Improvements are constructed or which are necessary for the operation and maintenance of, and access to, the Improvements, or subsequently required to be conveyed by the District to the Osceola County or any other governmental entity. The parties agree that in no event shall the purchase price for the Real Property exceed the value of an appraisal or similar third-party report (prepared by a qualified appraiser or appraisal company) or other evidence acceptable to the District’s bond counsel and District staff, obtained by the Developer or the District for this purpose. The parties agree that the purchase price shall not include amounts attributable to the value of Improvements on the Real Property and other Improvements serving the Property that have been, or will be, funded by the District. If requested and necessary, such special warranty deed or other instrument shall be subject to a reservation by Developer of its right and privilege to use the area conveyed to construct any Improvements and any future Improvements to such area for any related purposes (including, but not limited to, construction traffic relating to the construction of the Development) not inconsistent with the District’s use, occupation or enjoyment thereof. The Developer shall pay the cost for recording fees and documentary stamps required, if any, for the conveyance of the Real Property upon which the Improvements are constructed, including costs, if any, for the further conveyance by the District to Osceola County or any other governmental entity, if applicable. The Developer shall be responsible for all taxes and assessments levied on the lands upon which the Improvements are constructed until such time as the Developer conveys all said lands to the District. At the time of conveyance, the Developer shall provide, at its expense, an owner’s title insurance policy in a form satisfactory to the District in an amount equal to the value paid by the District to the Developer for such Real Property (or a title search, if the District determines, in its sole discretion, a title policy is not necessary). In the event the title search reveals exceptions to title which render title unmarketable or which, in the District’s reasonable discretion, would materially interfere with the District’s use of such Real Property, the Developer shall cure, or cause to be cured, such defects at no expense to the District.

Boundary or Other Adjustments. Developer and the District agree that reasonable future boundary adjustments may be made as deemed necessary by both parties in order to accurately describe lands conveyed to the District and lands which remain in Developer’s ownership. The parties agree that in
the event any land transfers made to the District to accommodate such adjustments when result in a net increase in acreage to the District when there are bond proceeds available, the District will pay the lesser of the Developer’s cost basis in the land received by the District or fair market value as determined by an independent appraisal. For any land transfers made to the Developer to accommodate such adjustments for which bond proceeds were used to pay for such land, the Developer shall pay the greater of the price paid by the District for such land or the fair market value as determined by an independent appraisal. Notwithstanding the above, if there is no net increase or decrease in the lands to be owned by the District and the Developer as a result of such conveyances, no consideration will be owed by either party provided the swapped lands have the same utility. Further, the parties may request an opinion of the District’s bond counsel if some other alternative is proposed for any boundary adjustments and such opinion concludes that such alternative will not adversely affect the tax status of the Series 2022 (Phase 4B/5B Project) Bonds. The party requesting such adjustment shall pay any transaction costs resulting from the adjustment, including but not limited to taxes, title insurance, appraisals, any District bond counsel fee, recording fees or other costs.

Cooperation and Completion. The parties agree to cooperate and use good faith and best efforts to undertake and complete the acquisition process contemplated by this Acquisition Agreement on such date or dates as the parties may jointly agree upon (each an “Acquisition Date”), but all must be no later than the end of a reasonable time period for acquisition considering the type of Work Product, Real Property and Improvements to be conveyed, or such other time period required to maintain the tax-exempt status of the Series 2022 (Phase 4B/5B Project) Bonds as determined by an opinion of the District’s bond counsel.

Engineer’s Certification. Before any payments are made by the District to the Developer, or any Improvements, Work Product or Real Property is accepted by the District, in addition to the other requirements provided herein the Developer shall provide to the District a certificate, signed by the District Engineer certifying that the Work Product, Improvements or Real Property are a part of the Phase 4B/5B Project and that such Work Product, Improvements or Real Property has been prepared, constructed, installed or must be acquired, in conformity with the plans and specifications, the Engineer’s Report and all applicable laws related to the preparation, construction, installation or acquisition thereof.

WARRANTY. For the acquisition of Improvements or Work Product hereunder, the Developer agrees to assign to the District all or any remaining portion of any professionals’ or contractors’ warranties, contracts or bonds, warrantying or guaranteeing that the Improvements or Work Product conveyed against defects or failings in materials, equipment, fitness or construction. Notwithstanding such assignment, the Developer shall cause any such professionals and contractors to warranty that the Improvements are free from defects in materials, equipment and construction for a period of at least one (1) year from completion thereof.
DEFAULT. A default by either party under this Acquisition Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages (except special, consequential or punitive) and/or specific performance.

If the Developer fails to keep, observe or perform any of the agreements, terms, covenants or representations, or otherwise is in default of this Acquisition Agreement, the District shall give written notice to Developer (at the address listed in Section 13 below), and the Developer shall have sixty (60) days to cure such default (which time may be extended by the District in its sole discretion), unless a shorter time to cure is mandated by applicable law or regulation.

Enforcement of Acquisition Agreement.  In the event that either party is required to enforce this Acquisition Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other, its reasonable attorneys’ fees and costs incurred for trial, alternative dispute resolution, or appellate proceedings.

Acquisition Agreement. This instrument shall constitute the final and complete expression of this Acquisition Agreement between the District and the Developer relating to the subject matter of this Acquisition Agreement.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Acquisition Agreement may be made only by an instrument in writing which is executed by all parties hereto.

AUTHORIZATION. The execution of this Acquisition Agreement has been duly authorized by the appropriate body or official of the District and the Developer. The District and the Developer have complied with all the requirements of law. The District and the Developer have full power and authority to comply with the terms and provisions of this instrument.

NOTICES. All notices, requests, consents and other communications under this Acquisition Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District:	Tohoqua Community Development District
c/o Governmental Management Services - Central Florida, LLC
219 E. Livingston Street Orlando, Florida 32801 Attention: District Manager Telephone: (407) 841-5524 Email: gflint@gmscfl.com

With a copy to:	Latham, Luna, Eden & Beaudine, LLP
201 South Orange Avenue, Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, Esq. Telephone: (407) 481-5800
Email: jcarpenter@lathamluna.com

If to Developer:	Pulte Home Company, LLC
3350 Peachtree Road Northeast, Suite 150
Atlanta, Georgia 30326 Attention: Doug Hoffman Telephone: (407) 509-4014

With a copy to:	PulteGroup
2301 Lucien Way, Suite 155
Maitland, Florida 32751 Attention: Scott Clements Telephone: (407) 661-2145

Except as otherwise provided in this Acquisition 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 contained in this Acquisition 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 District and counsel for the Developer may deliver Notice on behalf of the District and the Developer. 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 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 herein. Copies of Notices may be sent by e-mail, but such transmission should not constitute delivery under this Acquisition Agreement.

Arm’s Length Transaction. This Acquisition Agreement has been negotiated fully between the District and the Developer as an arm’s length transaction. All parties participated fully in the preparation of this Acquisition Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Acquisition Agreement, all parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any party hereto.

Third-Party  Beneficiaries.  This Acquisition Agreement is solely for the benefit of the District and the Developer 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 to this Acquisition Agreement. Nothing in this Acquisition Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Developer any right, remedy, or claim under or by reason of this Acquisition Agreement or any of the provisions or conditions of this Acquisition Agreement; and all of the provisions, representations, covenants, and conditions contained in this Acquisition Agreement shall inure to the sole benefit of and shall be binding upon the District and the Developer and their respective successors and assigns. Notwithstanding the foregoing, nothing in this paragraph shall be construed as impairing or modifying the rights of any holders of bonds issued by the District for the purpose of acquiring any Work Product, Real Property, or Improvements, and the Trustee for the Series 2022 (Phase 4B/5B Project) Bonds, on
behalf of the owners of the Series 2022 (Phase 4B/5B Project) Bonds, shall be a direct third-party beneficiary of the terms and conditions of this Acquisition Agreement and shall be entitled to cause the District to enforce the Developer’s obligations hereunder. The Trustee shall not be deemed to have assumed any obligation under this Acquisition Agreement.

ASSIGNMENT. This Acquisition Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.

Controlling Law And Venue. This Acquisition Agreement and the provisions contained in this Acquisition Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. The Parties hereby acknowledge and agree that, in the event legal action is instituted to enforce this Acquisition Agreement, the Developer consents to and by execution hereof submit to the jurisdiction of any state court sitting in or for Osceola County, Florida.

EFFECTIVE DATE. This Acquisition Agreement shall be effective upon its execution by the District and the Developer.

PUBLIC RECORDS. The Developer understands and agrees that all documents of any kind provided to the District in connection with this Acquisition Agreement may be public records and will be treated as such in accordance with Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Acquisition Agreement shall not affect the validity or enforceability of the remaining portions of this Acquisition Agreement, or any part of this Acquisition Agreement not held to be invalid or unenforceable.

Sovereign  Immunity.  The Developer agrees that nothing in this Acquisition Agreement shall constitute or be construed as a waiver of the District’s limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or laws.

Headings for Convenience Only.  The descriptive headings in this Acquisition Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Acquisition Agreement.

COUNTERPARTS. This Acquisition Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

[SIGNATURES ON FOLLOWING PAGE]
COUNTERPART SIGNATURE PAGE TO THE AGREEMENT BY AND BETWEEN THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AND THE DEVELOPER, REGARDING THE ACQUISITION OF CERTAIN WORK PRODUCT AND INFRASTRUCTURE

IN WITNESS WHEREOF, the parties hereto have caused this Acquisition Agreement to be signed, sealed and attested on their behalf by duly authorized representatives, all as of the date first set forth above.

DEVELOPER:

PULTE HOME COMPANY, LLC, a Michigan
limited liability company

By:	 Name: D._Bryce Langen	 Title: Vice President and Treasurer	
COUNTERPART SIGNATURE PAGE TO THE AGREEMENT BY AND BETWEEN THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AND THE DEVELOPER, REGARDING THE ACQUISITION OF CERTAIN WORK PRODUCT AND INFRASTRUCTURE

IN WITNESS WHEREOF, the parties hereto have caused this Acquisition Agreement to be signed, sealed and attested on their behalf by duly authorized representatives, all as of the date first set forth above.

DISTRICT:

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT,
a Florida community development district

By:	 Print:	 Title:	

11

Legal Description

[ATTACHED BELOW]

Engineer’s Report

[ATTACHED BELOW]

Improvements to be Acquired

Stormwater management facilities (pipes, drainage structures, outfalls) and related earthwork for stormwater pond excavation and dewatering);
Roadways, alleys, pavement markings and signage for District roads, and pavement asphalt, base, sub-base stabilization, sidewalks, landscaping, and the secondary drainage system including curb and gutters, inlets and culverts;
Potable water, reclaimed water and sanitary sewer systems (lift station, pipes, fittings and valves) and connection fees;
Electrical distribution and street lighting;
Recreational Facilities and amenities;
Landscape, hardscape and irrigation (anticipated to include perimeter landscape buffers, master signage, way finding signage, entry hardscape features, amenity area landscape, pedestrian/multipurpose trails and street trees); and together with all real property underlying the Improvements.

Work Product

All architectural, engineering, landscape design, construction and other professional work product related to the Improvements including but not limited to plans, specifications, designs, drawings, permit applications and permits, surveys, and the like.

!!"#$%& "
AGREEMENT BY AND BETWEEN THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AND THE DEVELOPER, REGARDING THE ACQUISITION OF CERTAIN WORK PRODUCT AND INFRASTRUCTURE FOR SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2022 (PHASE 3/6 PROJECT)

THIS AGREEMENT BY AND BETWEEN THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT AND THE DEVELOPER, REGARDING THE ACQUISITION OF CERTAIN WORK PRODUCT AND INFRASTRUCTURE FOR SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2022 (PHASE 3/6 PROJECT) (the
“Acquisition Agreement”) is made and entered into as of 	, 2022 by and between TOHOQUA COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Osceola County, Florida (the “District”) and LENNAR HOMES, LLC, a Florida limited liability company (the “Developer”).

RECITALS

WHEREAS, the District was established by Ordinance No. 2017-57 by the Board of County Commissioners of Osceola County, Florida, adopted on August 14, 2017 (the “Ordinance”), for the purpose of planning, financing, constructing, acquiring, operating and/or maintaining certain infrastructure, including surface water management systems, water and wastewater facilities, roadways, landscaping, parks, and recreational facilities and uses; and

WHEREAS, the Developer is the developer and and/or owner of certain property located within the District boundaries (the “Development”) identified in Exhibit “A,” which is attached hereto and incorporated herein (the “Lands”); and

WHEREAS, the District intends to issue its Tohoqua Community Development District Special Assessment Revenue Bonds, Series 2022 (Phase 3/6 Project) (the “Series 2022 (Phase 36 Project) Bonds”) to finance a portion of the infrastructure components more specifically described and identified as the “Phase 3/6 Project” in the Tohoqua Community Development District 	 Supplemental Engineer’s Report for Phase 3/6 (Phase 3/6 Project) (the “Engineer’s Report”), dated
	, as approved by the District (the “Phase 3/6 Project”), attached hereto as
Exhibit “B;” and

WHEREAS, the District plans to construct, complete the construction and/or acquire certain public infrastructure improvements within the Phase 3/6 Project, as more specifically described and identified in the Engineer’s Report; and

WHEREAS, the Developer acknowledges that the Development will benefit from the timely completion and acquisition of the Phase 3/6 Project; and

WHEREAS, the Developer and the District acknowledge that the funds available from the Series 2022 (Phase 3/6 Project) Bonds will not be sufficient to complete the design, construction and/or acquisition of the Phase 3/6 Project; and
WHEREAS, the Developer has simultaneously entered into a completion agreement with the District and agreed to complete the Phase 3/6 Project or to provide to the District sufficient funds to allow it to timely complete the Phase 3/6 Project, as more generally described in Exhibit “C” (the “Improvements”), in an expeditious and timely manner, some of which development requires or includes some of the improvements or items as described herein; and

WHEREAS, the District has not had sufficient monies on hand to allow the District to contract directly for the preparation of the necessary surveys, reports, drawings, plans, permits, specifications, and related documents contemplated in Exhibit “D” (the “Work Product”), which would allow the timely commencement and completion of construction of the Improvements; and

WHEREAS, the Developer is under contract to create or has created the Work Product for the District and wishes to convey certain elements thereof, as it is completed, to the District; and

WHEREAS, the Developer acknowledges that upon its conveyance, the District will have the right to use and rely upon the Work Product for any and all purposes and further desires to release to the District of all its right, title, and interest in and to the Work Product (except as provided for in this Acquisition Agreement); and

WHEREAS, the District desires to acquire ownership of the completed Work Product as well as the unrestricted right to use and rely upon the Work Product for any and all purposes; and

WHEREAS, in order to allow the District to avoid delay as a result of the lengthy process incident to the sale and closing on the Series 2022 (Phase 3/6 Project) Bonds, the Developer has under contract, under construction, or is obligated to convey to appropriate units of local government as is designated in the Engineer’s Report, certain portions of the Phase 3/6 Project; and

WHEREAS, the Developer agrees to convey to the District all right, title, and interest in the Improvements to be owned by the District as of the “Acquisition Date” (as hereinafter defined); and

WHEREAS, the District wishes to acquire the Improvements from the Developer as of the Acquisition Date, notwithstanding the District’s inability pay for all or some of the Improvements with the proceeds of the Series 2022 (Phase 3/6 Project) Bonds; and

WHEREAS, in conjunction with the acquisition of the Improvements, the Developer desires to convey, or cause to be conveyed, to the District, interests in certain real property sufficient to allow the District to own, operate, maintain, construct, or install the Improvements, whether such conveyances shall be in fee simple, perpetual easement, or other interest as may be in the best interests of the District, or required by permits or development plans and agreed to by the Developer (the “Real Property”); and

WHEREAS, the Developer agrees to convey, or cause to be conveyed, any such Real Property to the District and in a form satisfactory to the District and subject to the conditions set forth herein; and
WHEREAS, the Developer shall have the option to contribute additional Real Property and/or Improvements with values in an amount equal to or in excess of the Lands Assessments, and, if such option is elected, the District has agreed to accept such conveyances in lieu of assessments in order to complete the Phase 3/6 Project, in an expeditious and timely manner (“Conveyances in Lieu of Assessments”); and

WHEREAS, the District and the Developer are entering into this Acquisition Agreement to ensure the timely completion, conveyance and operation of the Phase 3/6 Project.

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

Incorporation of Recitals.  The recitals stated above are true and correct and by this reference are incorporated as a material part of this Acquisition Agreement.

WORK PRODUCT. The District agrees to pay, but only to the extent funds are available for such purpose derived from the proceeds of the Series 2022 (Phase 3/6 Project) Bonds, the actual reasonable cost incurred by the Developer in preparation of the Work Product in accordance with the provisions of this Acquisition Agreement. The Developer shall provide copies of any and all invoices, bills, receipts, or other evidence of costs incurred by the Developer for the Work Product. The parties agree that separate or multiple Acquisition Dates may be established for any portion of the acquisitions contemplated by this Acquisition Agreement. The District Engineer shall review all evidence of cost and shall certify to the District’s Board of Supervisors the total actual amount of cost, which in the District Engineer’s sole opinion is reasonable for the Work Product. The District Engineer’s opinion as to cost shall be set forth in an Engineer’s Certificate which shall accompany the requisition for the funds from the District’s Trustee. In the event that the Developer disputes the District Engineer’s opinion as to cost, the District and the Developer agree to use good faith efforts to resolve such dispute. If the parties are unable to resolve any such dispute, the parties agree to jointly select a third-party engineer whose decision as to any such dispute shall be binding upon the parties. Such a decision by a third-party engineer shall be set forth in an Engineer’s Affidavit which shall accompany the requisition for the funds from the District’s Trustee. The parties acknowledge that the Work Product is being acquired for use by the District in connection with the construction or operation, as applicable, of the Improvements.

The Developer agrees to release and/or to provide a non-exclusive assignment to the District of the right, title, and interest which the Developer may have in and to the above described Work Product, as well as all common law, statutory, and other reserved rights, including all copyrights in the Work Product and extensions and renewals thereof under United States law and throughout the world, and all publication rights and all subsidiary rights and other rights in and to the Work Product in all forms, mediums, and media, now known or hereinafter devised. To the extent determined necessary by the District, the Developer shall obtain all releases
and/or assignments from any professional providing services in connection with the Work Product to enable the District to use and rely upon the Work Product. Such releases and/or assignments may include, but are not limited to, any architectural, engineering, or other professional services. Such releases shall be provided in a timely manner in the reasonable discretion of the District.

The Developer acknowledges the District’s right to use and rely upon the Work Product for any and all purposes.

Acquisition  of  Improvements.  The Developer has constructed, is constructing, has under contract or will have under contract to construct and complete, the Improvements. When a portion of the Improvements is complete and is ready for conveyance by the Developer to the District, the Developer shall notify the District in writing, describing the nature of the improvement, its general location, and its estimated cost. Any Real Property interests necessary for the functioning of the Improvements to be acquired under this paragraph shall be reviewed and conveyed in accordance with the provisions of Section 4. The District Engineer, in consultation with counsel, shall determine in writing whether or not the infrastructure to be conveyed is a part of the Improvements contemplated by the Engineer’s Report and, if so, shall provide Developer with a list of items necessary to complete the acquisition. Each such acquisition shall also be subject to the engineering review and certification process described in Section 2. The District Manager shall determine, in writing, whether the District has, based on the Developer’s estimate of costs, any unencumbered Series 2022 (Phase 3/6 Project) Bonds funds available to pay for the acquisition of such Improvements, although the Developer agrees that such payment is not required for the conveyance(s), if sufficient funds are not available. The Developer agrees, if it elects this option, that either no payments or reimbursements of any kind shall be made by the District for Conveyances in Lieu of Assessments, or payments or reimbursements may be deferred or partially deferred pending availability of unencumbered Series 2022 (Phase 3/6 Project) Bonds funds becoming available.

All documentation of any acquisition (e.g., bills of sale, receipts, maintenance bonds, as-built, evidence of costs, deeds or easements, etc.) shall be to the reasonable satisfaction of the District. If any item acquired by the District is to be subsequently conveyed to a third-party governmental body, then the Developer agrees to cooperate and provide such certifications or documents as may be required by that governmental body, if any.

The District Engineer shall certify as to the actual cost of any Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer.

The Developer agrees to cooperate fully in the transfer of any permits to the District or a governmental entity with maintenance obligations for any Improvements conveyed pursuant to this Acquisition Agreement.
Conveyance of Real Property.

Conveyance. The Developer agrees that it will convey, or cause to be conveyed by others, to the District at or prior to the Acquisition Date, and as determined solely by the District by a special warranty deed, easement (which may be non-exclusive), or other instrument reasonably acceptable to the District and the Developer together with a metes and bounds or platted legal description, the Real Property upon which the Improvements are constructed or which are necessary for the operation and maintenance of, and access to, the Improvements, or subsequently required to be conveyed by the District to the Osceola County or any other governmental entity. The parties agree that in no event shall the purchase price for the Real Property exceed the value of an appraisal or similar third-party report (prepared by a qualified appraiser or appraisal company) or other evidence acceptable to the District’s bond counsel and District staff, obtained by the Developer or the District for this purpose. The parties agree that the purchase price shall not include amounts attributable to the value of Improvements on the Real Property and other Improvements serving the Property that have been, or will be, funded by the District. If requested and necessary, such special warranty deed or other instrument shall be subject to a reservation by Developer of its right and privilege to use the area conveyed to construct any Improvements and any future Improvements to such area for any related purposes (including, but not limited to, construction traffic relating to the construction of the Development) not inconsistent with the District’s use, occupation or enjoyment thereof. The Developer shall pay the cost for recording fees and documentary stamps required, if any, for the conveyance of the Real Property upon which the Improvements are constructed, including costs, if any, for the further conveyance by the District to Osceola County or any other governmental entity, if applicable. The Developer shall be responsible for all taxes and assessments levied on the lands upon which the Improvements are constructed until such time as the Developer conveys all said lands to the District. At the time of conveyance, the Developer shall provide, at its expense, an owner’s title insurance policy in a form satisfactory to the District in an amount equal to the value paid by the District to the Developer for such Real Property (or a title search, if the District determines, in its sole discretion, a title policy is not necessary). In the event the title search reveals exceptions to title which render title unmarketable or which, in the District’s reasonable discretion, would materially interfere with the District’s use of such Real Property, the Developer shall cure, or cause to be cured, such defects at no expense to the District.

Boundary or Other Adjustments. Developer and the District agree that reasonable future boundary adjustments may be made as deemed necessary by both parties in order to accurately describe lands conveyed to the District and lands which remain in Developer’s ownership. The parties agree that in
the event any land transfers made to the District to accommodate such adjustments when result in a net increase in acreage to the District when there are bond proceeds available, the District will pay the lesser of the Developer’s cost basis in the land received by the District or fair market value as determined by an independent appraisal. For any land transfers made to the Developer to accommodate such adjustments for which bond proceeds were used to pay for such land, the Developer shall pay the greater of the price paid by the District for such land or the fair market value as determined by an independent appraisal. Notwithstanding the above, if there is no net increase or decrease in the lands to be owned by the District and the Developer as a result of such conveyances, no consideration will be owed by either party provided the swapped lands have the same utility. Further, the parties may request an opinion of the District’s bond counsel if some other alternative is proposed for any boundary adjustments and such opinion concludes that such alternative will not adversely affect the tax status of the Series 2022 (Phase 3/6 Project) Bonds. The party requesting such adjustment shall pay any transaction costs resulting from the adjustment, including but not limited to taxes, title insurance, appraisals, any District bond counsel fee, recording fees or other costs.

Cooperation and Completion. The parties agree to cooperate and use good faith and best efforts to undertake and complete the acquisition process contemplated by this Acquisition Agreement on such date or dates as the parties may jointly agree upon (each an “Acquisition Date”), but all must be no later than the end of a reasonable time period for acquisition considering the type of Work Product, Real Property and Improvements to be conveyed, or such other time period required to maintain the tax-exempt status of the Series 2022 (Phase 3/6 Project) Bonds as determined by an opinion of the District’s bond counsel.

Engineer’s Certification. Before any payments are made by the District to the Developer, or any Improvements, Work Product or Real Property is accepted by the District, in addition to the other requirements provided herein the Developer shall provide to the District a certificate, signed by the District Engineer certifying that the Work Product, Improvements or Real Property are a part of the Phase 3/6 Project and that such Work Product, Improvements or Real Property has been prepared, constructed, installed or must be acquired, in conformity with the plans and specifications, the Engineer’s Report and all applicable laws related to the preparation, construction, installation or acquisition thereof.

WARRANTY. For the acquisition of Improvements or Work Product hereunder, the Developer agrees to assign to the District all or any remaining portion of any professionals’ or contractors’ warranties, contracts or bonds, warrantying or guaranteeing that the Improvements or Work Product conveyed against defects or failings in materials, equipment, fitness or construction. Notwithstanding such assignment, the Developer shall cause any such professionals and contractors to warranty that the Improvements are free from defects in materials, equipment and construction for a period of at least one (1) year from completion thereof.
DEFAULT. A default by either party under this Acquisition Agreement shall entitle the other to all remedies available at law or in equity, which may include, but not be limited to, the right of damages (except special, consequential or punitive) and/or specific performance.

If the Developer fails to keep, observe or perform any of the agreements, terms, covenants or representations, or otherwise is in default of this Acquisition Agreement, the District shall give written notice to Developer (at the address listed in Section 13 below), and the Developer shall have sixty (60) days to cure such default (which time may be extended by the District in its sole discretion), unless a shorter time to cure is mandated by applicable law or regulation.

Enforcement of Acquisition Agreement.  In the event that either party is required to enforce this Acquisition Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other, its reasonable attorneys’ fees and costs incurred for trial, alternative dispute resolution, or appellate proceedings.

Acquisition Agreement. This instrument shall constitute the final and complete expression of this Acquisition Agreement between the District and the Developer relating to the subject matter of this Acquisition Agreement.

AMENDMENTS. Amendments to and waivers of the provisions contained in this Acquisition Agreement may be made only by an instrument in writing which is executed by all parties hereto.

AUTHORIZATION. The execution of this Acquisition Agreement has been duly authorized by the appropriate body or official of the District and the Developer. The District and the Developer have complied with all the requirements of law. The District and the Developer have full power and authority to comply with the terms and provisions of this instrument.

NOTICES. All notices, requests, consents and other communications under this Acquisition Agreement (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:

If to District:	Tohoqua Community Development District
c/o Governmental Management Services - Central Florida, LLC
219 E. Livingston Street Orlando, Florida 32801 Attention: District Manager Telephone: (407) 841-5524 Email: gflint@gmscfl.com
With a copy to:	Latham, Luna, Eden & Beaudine, LLP
201 S. Orange Avenue, Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, Esq. Telephone: (407) 481-5800
Email: jcarpenter@lathamluna.com

.	If to Developer:	Lennar Homes, LLC - Orlando
6675 Westwood Boulevard, Suite 500
Orlando, Florida 32751
Attention: Ericka Pace, Vice President Telephone: (407) 586-4046
Email: ericka.pace@lennar.com

With a copy to:	Lennar Corporation
700 N. 107th Avenue Miami, Florida 33172
Attention: Mark Sustana, Esq., General Counsel Telephone: (305) 229-6584

Except as otherwise provided in this Acquisition 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 contained in this Acquisition 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 District and counsel for the Developer may deliver Notice on behalf of the District and the Developer. 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 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 herein. Copies of Notices may be sent by e-mail, but such transmission should not constitute delivery under this Acquisition Agreement.

Arm’s Length Transaction. This Acquisition Agreement has been negotiated fully between the District and the Developer as an arm’s length transaction. All parties participated fully in the preparation of this Acquisition Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Acquisition Agreement, all parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against any party hereto.

Third-Party Beneficiaries.  This Acquisition Agreement is solely for the benefit of the District and the Developer 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 to this Acquisition Agreement. Nothing in this Acquisition Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the Developer any right, remedy, or claim under or by reason of this Acquisition Agreement or any of the provisions or conditions
of this Acquisition Agreement; and all of the provisions, representations, covenants, and conditions contained in this Acquisition Agreement shall inure to the sole benefit of and shall be binding upon the District and the Developer and their respective successors and assigns. Notwithstanding the foregoing, nothing in this paragraph shall be construed as impairing or modifying the rights of any holders of bonds issued by the District for the purpose of acquiring any Work Product, Real Property, or portion of the Improvements, and the Trustee for the Series 2022 (Phase 3/6 Project) Bonds, on behalf of the owners of the Series 2022 (Phase 3/6 Project) Bonds, shall be a direct third-party beneficiary of the terms and conditions of this Acquisition Agreement and shall be entitled to cause the District to enforce the Developer’s obligations hereunder. The Trustee shall not be deemed to have assumed any obligation under this Acquisition Agreement.

ASSIGNMENT. This Acquisition Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.

Controlling Law And Venue. This Acquisition Agreement and the provisions contained in this Acquisition Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. The Parties hereby acknowledge and agree that, in the event legal action is instituted to enforce this Acquisition Agreement, the Developer consents to and by execution hereof submit to the jurisdiction of any state court sitting in or for Osceola County, Florida.

EFFECTIVE DATE. This Acquisition Agreement shall be effective upon its execution by the District and the Developer.

PUBLIC RECORDS. The Developer understands and agrees that all documents of any kind provided to the District in connection with this Acquisition Agreement may be public records and will be treated as such in accordance with Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Acquisition Agreement shall not affect the validity or enforceability of the remaining portions of this Acquisition Agreement, or any part of this Acquisition Agreement not held to be invalid or unenforceable.

Sovereign  Immunity.  The Developer agrees that nothing in this Acquisition Agreement shall constitute or be construed as a waiver of the District’s limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or laws.

Headings for Convenience Only.  The descriptive headings in this Acquisition Agreement are for convenience only and shall not control nor affect the meaning or construction of any of the provisions of this Acquisition Agreement.

COUNTERPARTS. This Acquisition Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument.  Signature and
acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

[SIGNATURES ON FOLLOWING PAGE]

IN WITNESS WHEREOF, the parties hereto have caused this Acquisition Agreement to be signed, sealed and attested on their behalf by duly authorized representatives, all as of the date first set forth above.

DEVELOPER:

LENNAR HOMES, LLC, a Florida limited liability company

By:		 Mark McDonald
Vice President

IN WITNESS WHEREOF, the parties hereto have caused this Acquisition Agreement to be signed, sealed and attested on their behalf by duly authorized representatives, all as of the date first set forth above.

DISTRICT:

TOHOQUA COMMUNITY DEVELOPMENT DISTRICT,
a Florida community development district

By:	 Print:_Andre Vidrine	 Title:_Chairman	

Legal Description

[See attached.]

Engineer’s Report

[See attached.]

Improvements to be Acquired

Stormwater management facilities (pipes, drainage structures, outfalls) and related earthwork for stormwater pond excavation and dewatering);
Roadways, alleys, pavement markings and signage for District roads, and pavement asphalt, base, sub-base stabilization, sidewalks, landscaping, and the secondary drainage system including curb and gutters, inlets and culverts;
Potable water, reclaimed water and sanitary sewer systems (lift station, pipes, fittings and valves) and connection fees;
Electrical distribution and street lighting;
Recreational Facilities and amenities;
Landscape, hardscape and irrigation (anticipated to include perimeter landscape buffers, master signage, way finding signage, entry hardscape features, amenity area landscape, pedestrian/multipurpose trails and street trees); and

together with all real property underlying the Improvements.

Work Product

All architectural, engineering, landscape design, construction and other professional work product related to the Improvements including but not limited to plans, specifications, designs, drawings, permit applications and permits, surveys, and the like.

!!"#$%&  "#
r '

TOHOQUA
COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

I
L
TOHOQUA COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT 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 the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information

OTHER INFORMATION
Data Elements Required by Florida Statute 218.39(3)(c)

Page 1-2
3-6

7
8

9

10

11

12
13-21

22
23

24

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	25-26
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	27
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	28-29
Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITOR'S REPORT
951 Yamato Road • Suite 280 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Tohoqua Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
L		We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, and each major fund of the District as of September 30, 2021, and the respective changes in financial position, thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion and analysis 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 Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District's basic financial statements. The information for compliance with FL Statute 218.39
(3) (c) is not a required part of the basic financial statements. The information for compliance with FL Statute 218.39 (3) (c) has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 8, 2022, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

June 8, 2022
MANAGEMENT'S DISCUSSION AND ANALYSIS

The management of the Tohoqua Community Development District, Osceola, Florida ("District") would like to offer the readers of the District's financial statements this discussion and analysis of the District's financial activities for the fiscal year ended September 30, 2021. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net deficit balance of ($326,463).

The change in the District's total net position in comparison with the prior fiscal year was ($553,038), a decrease. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2021, the District's governmental funds reported combined ending fund balances of $3,656,671, an increase of $3,457,492 in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, non-spendable prepaid items, and the remainder is unassigned fund balance which is available for spending at the District's discretion.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

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

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

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

Fund Financial Statements

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

Governmental Funds

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

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

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

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

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the basic financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, liabilities exceeded assets at the close of the fiscal year ended September 30, 2021.

Key components of the District's net position are reflected in the following table:
NET POSITION SEPTEMBER 30,
	2021	2020	
Current and other assets	$	3,681,438	$	250,757	
Capital assets, net of depreciation	3 488,711	2 163 871	
Total assets	7 170 149	2 414 628	
Current liabilities	143,100	93,053	
Long-term liabilities	7 353,512	2,095 000	
Total liabilities	7 496,612	2 188 053	
Net position
Net im.estment in capital assets	
(595,787)	
82,254	
Restricted	259,774	91,716	
Unrestricted	9 550	52 605	
Total net position	$  (326,463) $	226,575
The District's net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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

The District's net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations including bond issue costs in the current year exceeded ongoing program revenues.

Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE FISCAL YEAR END SEPTEMBER 30,
	2021	 2020	
Re-.enues:
Program re-.enues
Charges for seniices	$	484,776	$	475,921	
Operating grants and contributions	165,013	110	
Capital grants and contributions	100	11	
General re-.enues Miscellaneous
Total re-.enues Expenses:

	4,883	
	654,772	 476,042 
General go-.ernment	114,766	92,673	
Maintenance and operations	444,288	238,926	
Interest	201,612	100,499	
Bond issue costs		447,144				
Total expenses		1,207,810		432,098 	
Change in net position	(553,038)	43,944	
Net position - beginning		226,575		182,631 	
Net position - ending	(326,463)  $		226,575 	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2021 was $1,207,810. The costs of the District's activities were primarily funded by program revenues. Program revenues of the District are comprised of assessments, Developer contributions and income from investments in the current fiscal year. The increase in revenues is due to increased assessments due to an increase in operating costs. The majority of the increase in expenses is the result of an increase in the cost of maintenance and operations and the current year bond issue costs.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2021.
CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2021, the District had $3,488,711 invested in capital assets for its governmental activities. No depreciation has been taken, so the book value is $3,488,711. More detailed information about the District's capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2021, the District had $7,300,000 in Bonds outstanding for its governmental activities. More detailed information about the District's capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND OTHER EVENTS

For the subsequent fiscal year, the District anticipates that the cost of general operations will increase as the District continues to be built out.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Tohoqua Community Development District's Finance Department at 219, East Livingston Street, Orlando FL 32801 .

STATEMENT OF NET POSITION SEPTEMBER 30, 2021		
	
Governmental	
	 Activities		
ASSETS		
Cash	$	20,780	
Accounts receivable	3,061	
Assessments receivable	2,672	
Prepaid items	9,049	
Restricted assets:		
Investments	3,645,876	
Capital assets:		
Nondepreciable	3,488,711	
Total assets	
  7,170,149	
LIABILlllES		
Accounts payable	24,767	
Accrued interest payable	118,333	
Noncurrent liabilities:		
Due within one year	150,000	
Due in more than one year	7,203,512	
Total liabilities	
  7,496,612 	
NET POSlllON		
Net investment in capital assets	(595,787)	
Restricted for debt service	259,774	
Unrestricted		9,550	
Total net position	$ 	(326,463)	

See notes to the financial statements
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Net (E nse) Revenue and Changes in Net
Program Revenues	Position	

Functions/Programs		

Expenses	Charges
for Services	Operating Grants and
Contributions	Capital Grants and
Contributions	
Governmental Activities		
Primary government:								
Governmental activities:
General government		
$	114,766	
$  114,766	
$	165,000	
$	
$	165,000		
Maintenance and operations		444,288	231,350		100	(212,838)		
Interest on long-term debt		201,612	138,660	13		(62,939)		
Bond issue costs		447,144				(447,144)		
Total governmental activities	   1,207,810	 		484,776	 		165,013		100		(557,921)	

General revenues:
Miscellaneous	
4,883	
Total general revenues	4 883	
Change in net position	(553,038)	
Net position - beginning	226 575	
Net position - ending	 $	{326,463l	

See notes to the financial statements
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2021

		MajQr Funds		Total	
	
General	
Debt Service	Capital
Pro cts	Governmental
Funds	
ASSETS					
Cash	$	20,780	$	$	$	20,780	
Investments		377,103	3,268,773	3,645,876	
Assessments receivable	1,668	1,004		2,672	
Accounts receivable	3,061			3,061	
Due from other funds			241	241	
Prepaid items	9,049			9,049	
Total assets	$ 	34,558	 $	378,107	 $ 3,269,014	$ 3,681,679 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	24,767	$	$	$	24,767	
Due to other funds	241			241	
Total liabilities	25,008			25,008	

Fund balances:
Nonspendable:
Prepaid items
Restricted for:	9,049			9,049	
Debt service		378,107		378,107	
Capital projects			3,269,014	3,269,014	
Unassigned:	501			501	
Total fund balances	9,550	378,107	3,269,014	3,656,671	

Total liabilities and fund balances	 $	34,558	 $	378,107	 $ 3,269,014	 $ 3,681,679 

See notes to the financial statements
RECONCILIATION OF THE BALANCE SHEET-GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2021

Total fund balances - governmental funds

Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets Accumulated depreciation
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental  fund

$  3,656,671

3,488,711
	3,488,711 
statements.	All liabilities, both current and long-term,	are		
reported in the government-wide financial statements.			
Accrued interest payable		(118,333)	
Bonds payable		(7,300,000)	
Original issue discount/premium		(53,512)	(7,471,845)	

Net position of governmental activities	$	(326,463)

See notes to the financial statements
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

		Major Funds		Total	
	
General	
Debt Service	Capital
Projects	Governmental
Funds	
REVENUES					
Assessments	$	346,116	$  138,660	$	$	484,776	
Developer contributions	165,000			165,000	
Interest income		13	100	113	
Miscellaneous	4,883			4,883	
Total revenues	515,999	138,673	100	654,772	

EXPENDITURES
Current:
General government	114,766			114,766	
Maintenance and operations	444,288			444,288	
Debt Service:					
Principal		35,000		35,000	
Interest		124,754		124,754	
Bond issue costs			447,144	447,144	
Capital outlay			1,324,840	1,324,840	
Total expenditures	559,054	159,754	1,771,984	2,490,792	

Excess (deficiency) of revenues					
over (under) expenditures	(43,055)	(21,081)	(1,771,884)	(1,836,020)	

OTHER FINANCING SOURCES (USES)					
Bond proceeds		265,997	4,974,003	5,240,000	
Original issue premium			53,512	53,512	
Total other financing sources (uses)		265,997	5,027,515	5,293,512	

Net change in fund balances	
(43,055)	
244,916	
3,255,631	
3,457,492	
Fund balances - beginning	52,605	133,191	13,383	199,179	

Fund balances - ending	 $	9,550	$  378,107	$3,269,014	$ 3,656,671 

See notes to the financial statements
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities are different because:
The change in accrued interest on long-term liabilities between the current and prior fiscal years is recorded in the statement of activities, but not in the governmental fund financial statements.
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.
Governmental funds report the face armunt of Bonds issued as

$	3,457,492

(76,858)

35,000

financial resources INhen debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long­
term liabilities in the statement of net position.	

(5,240,000)	
In connection with the issuance of the Bonds, the original issue		
discount/premium is reported as a financing use/source \Nhen debt is		
first issued, INhereas this arrount is eliminated in the statement of		
activities and reduces/increases long-term liabilities in the statement of		
net position.	(53,512)	
Governmental funds report capital outlays as expenditures, however,		
the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.	
	1,324,840 	
Change in net position of governmental activities	 $	(553,038)	

See notes to the financial statements
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Tohoqua Community Development District ("the District") was created on August 15, 2017 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by Osceola County Ordinance 2017-57. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

The District is governed by the Board of Supervisors ("the District") which is composed of five members. The Supervisors are elected by landowners of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. Certain Board members are affiliated with Tohoqua Development Group, LLC (the "Developer") at September 30, 2021.

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

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

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating­ type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before May 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

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

The District reports the following major governmental funds:

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

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

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

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

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

Assets, Liabilities and Net Position or Equity

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

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

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

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

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

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

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

No depreciation has been taken in the current fiscal year as the District's infrastructure and other capital assets are under construction.

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

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

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

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

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

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

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

Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance - Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

Other Disclosures

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

NOTE 3 - BUDGETARY INFORMATION

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

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

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

NOTE 4 - DEPOSITS AND INVESTMENTS

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

Investments
The District's investments were held as follows at September 30, 2021:

 Amortized Cost	 Credit Risk	 Maturities	
US Bank Money Mari(et Ct 5	$	3,645,876	N/A	N/A	
Total lm1estments	$	3,645,876			

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

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

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

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

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

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

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

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

NOTE 5 - CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2021 was as follows:

Beginning	Ending
Balance	Additions	Reductions	Balance

Qo mme□tal actillities

Capital assets, not being depreciated
Construction in progress	$	2,163,871  $	1,324,840  $	$	3 488,711
Total capital assets, not being depreciated	2 163 871	1,324,840	3488711

Go1emmental activities capital assets	$	2,163,871  $	1 324 840  $	$	3 488,711
NOTE 5 - CAPITAL ASSETS (Continued)

The infrastructure intended to serve the District has been estimated at a total cost of about $71,780,000. The Capital Improvement Program ("CIP") will be built out in phases. The infrastructure will include roads, stormwater management, utilities, community facilities, and off-site improvements. A portion of the project costs are to be funded with the proceeds from the issuance of Bonds and the remainder is intended to be funded by the Developer. The remaining project costs will be funded by a combination of Developer contributions or future bond issues. Upon completion, certain assets will be conveyed for ownership and maintenance.

All of the current year improvements were acquired from the Developer.

NOTE 6 - LONG-TERM LIABILITIES

Series 2018
On February 8, 2018, the District issued $2,165,000 of Special Assessment Revenue Bonds, Series 2018, consisting of $1,090,000 Term Bonds due on May 1, 2038 and $1,075,000 Term Bonds due on May 1, 2048 with fixed interest rates ranging from 4.7% to 4.8%. The Bonds were issued to repay the developer for financing the construction improvements to the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2019 through May 1, 2048.

The Series 2018 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2021.

Series 2021 Phase 2 Bonds
On March 5, 2021, the District issued $2,580,000 of Special Assessment Revenue Bonds, Series 2021 "Phase 2 Bonds", consisting of $2,580,000 Term Bonds due on May 1, 2051 with fixed interest rates ranging from 2.375% to 4.000%. The Bonds were issued to repay the Developer for financing the construction improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Series 2021 Phase 2 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2021.
NOTE 6 - LONG-TERM LIABILITIES (Continued)

Series 2021 Phase 4Al5A Bonds
On March 19, 2021, the District issued $2,660,000 of Special Assessment Revenue Bonds, Series 2021 "Phase 4A/5A Bonds", consisting of $2,660,000 Term Bonds due on May 1, 2051 with fixed interest rates ranging from 2.500% to 4.000%. The Bonds were issued to repay the Developer for financing the construction improvements for the District. Interest is to be paid semiannually on each May 1st and November 1st. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Series 2021 Phase 4A/5A Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2021.

Long-term Debt Activitl'.  
Changes in long-term liabilities for the fiscal year ended September 30, 2021 were as follows:
Beginning	Ending	Due Within One
 Balance	Additions	Reductions	Balance	Year	
 GQ mme□tal actillities	
Series 2018 Bonds	$	2,095,000	$	$	35,000	$  2,060,000	$	40,000	
Series 2021 Phase 2		2,580,000		2,580,000	55,000	
Plus: Original issue premium		33,140		33,140		
Series 2021 Phase 4A/5A		2,660,000		2,660,000	55,000	
Plus: Original issue premium		20 372		20 372		
Total	$   2,095,000  $	5,293,512  $	35,000  $  713531512  $	 150,000					
At September 30, 2021, the scheduled debt service requirements on the long - term liabilities were as follows:
	Go-.emmental Acti\ities	
Year ending
September 30:	Principal	Interest	Total	
2022	$	150,000	$	284,000	$	434,000	
2023	150,000	279,439	429,439	
2024	155,000	274,877	429,877	
2025	155,000	270,080	425,080	
2026	165,000	265,285	430,285	
2027-2031	905,000	1,240,115	2,145,115	
2032-2036	1,090,000	1,061,584	2,151,584	
2037-2041	1,325,000	832,571	2,157,571	
2042-2046	1,625.000	540,800	2,165,800	
2047-2051	1 580,000 	181,480	1 761 480 
$	7,300,000  $	5,2301231  $  12,530,231
NOTE 7 - DEVELOPER TRANSACTIONS AND CONCENTRATION

For the current fiscal year, Developer assessment revenue in the general fund was $115,763. The Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $165,000.

The District's activities are dependent on the continued involvement of the Developer, the loss which could have a material adverse effect on the District's operations.

NOTE 8 - MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 9 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021

Budgeted
	Amounts	

Variance \Nith Final Budget - Positive
 Original & Final  Actual Amounts	(Negative}
REVENUES				
Assessments	$	344,103	$	346,116	$	2,013	
Developer contributions	699,813	165,000	(534,813)	
Miscellaneous Total revenues
	12,000	4,883	(7,117}
	1,055,916	515,999	(539,917)

EXPENDITURES
Current:
General government	126,519	114,766	11,753	
Maintenance expenditures	784,122	444,288	339,834	
Amenity center		145 275	145,275 
Total expenditures		1,055,916	559,054	496,862 				

Excess (deficiency) of revenues over (under) expenditures	

$		(43,055)	

 $		

(43,055)	
Fund balance - beginning		52,605 			
Fund balance - ending	 $	9,550 			

See notes to required supplementary information
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2021.
OTHER INFORMATION - DATA ELEMENTS REQUIRED BY FLORIDA STATUTE 218.39(3)(C) UNAUDITED

Element	Comments
Number of district employees ccrnpensated at 9/30/2021	4	
Number of independent contractors compensated in September 2021	13	
Employee compensation for FYE 9/30/2021 (paid/accrued)	$	6,000.00	
Independent contractor compensation !:Jr FYE 9/30/2021	$	2,323,335.14	
Construction projects to begin on or after October 1; (>$65K)	Not applicable	
Budget variance report	See page 22 of annual financial report	
Ad Valorem taxes;	Not applicable	
Millage rate FYE 9/30/2021	Not applicable	
Ad 10lorem taxes collected FYE 9/30/2021	Not applicable	
Outstanding Bonds:	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate FYE 9/30/2021	Operations and maintenance - $498.00, $730.00, $822.00, $1,004.00, $1,280.00
Debt ser.ice - $300.00, $439.50, $494.50, $604.38, $769.21, $7,427.44, $8,212 72	
Special assessments collected FYE 9/30/2021	$	484,776.37	
Outstanding Bonds:		
Series 2018, due May 1, 2048,	see Note 6 for details	
Series 2021 Phase 2, due May 1, 2051,	see Note 6 for details	
Series 2021 Phase 4N5A, due May 1, 2051,	see Note 6 for details	
Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS
951 Yamato Road • Suite 280 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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

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

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Tohoqua Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated June 8, 2022.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be
reported under Government Auditing Standards.
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.

J!:;>44vJ-..
June 8, 2022
.
I
Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS

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

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

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

We have examined Tohoqua Community Development District, Osceola County, Florida's ("District") compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2021. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.

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

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2021.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Tohoqua Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 8, 2022
Grau & Associates
CERTIFIED PUBLIC ACCOUNTA TS
951 Yamato Road• Suite 280 Boca Raton, Florida 33431
(561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

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

Report on the Financial Statements

We have audited the accompanying basic financial statements of Tohoqua Community Development District ("District") as of and for the fiscal year ended September 30, 2021, and have issued our report thereon dated June 8, 2022.

Auditor's Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 8, 2022, should be considered in conjunction with this management letter.

Purpose of this Letter

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

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

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

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

June 8 2022
REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

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

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

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2020.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2021.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2021.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30. 2021. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 24.

L

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RESOLUTION 2022-09

THE ANNUAL APPROPRIATION RESOLUTION OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has submitted to the Board of Supervisors (“Board”) of the Tohoqua Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022, and ending September 30, 2023 (“Fiscal Year 2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

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

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

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

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
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 Tohoqua Community Development District for the Fiscal Year Ending September 30, 2023.”

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 2023, 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 FY23	$	

TOTAL ALL FUNDS FY23	$	

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023 or within 60 days following the end of the Fiscal Year 2023 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 THIS 3rd DAY OF August, 2022.

ATTEST:	TOHOQUA COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Proposed Budget FY2023

Tohoqua
Community Development District

Proposed Budget
FY2023

Table of Contents

1-3	General Fund	

4-11	

General Fund Narrative	

12	

Capital Reserve Fund	

13	

Debt Service Fund Series 2018	

14-15	

Amortization Schedule Series 2018	

16	

Debt Service Fund Series 2021 Phase 2	

17-18	

Amortization Schedule Series 2021 Phase 2	

19	

Debt Service Fund Series 2021 Phase 4A/5A	

20-21	

Amortization Schedule Series 2021 Phase 4A/5A	

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Proposed Budget	
Description	FY2022	6/30/22	Months	9/30/22	FY2023	

Revenues						
Developer Contributions	$	220,146	$	3,280	$	-	$	3,280	$	115,016	
Assessments - Tax Collector	$	387,600	$	389,056	$	-	$	389,056	$	660,211	
Assessments - Direct	$	579,241	$	579,241	$	-	$	579,241	$	545,915	
Assessments - Direct (Administrative)	$	88,884	$	88,884	$	-	$	88,884	$	81,731	
Special Events Revenue	$	12,000	$	8,765	$	3,000	$	11,765	$	12,000	
Total Revenues	$ 1,287,871	$ 1,069,226	$	3,000	$ 1,072,226	$ 1,414,873	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	3,400	$	2,400	$	5,800	$	12,000	
FICA Expense	$	918	$	260	$	184	$	444	$	918	
Engineering	$	12,000	$	9,065	$	18,500	$	27,565	$	12,000	
Attorney	$	25,000	$	19,689	$	5,400	$	25,089	$	25,000	
Annual Audit	$	6,600	$	5,500	$	-	$	5,500	$	7,600	
Assessment Administration	$	7,500	$	7,500	$	-	$	7,500	$	10,000	
Arbitrage	$	1,350	$	900	$	450	$	1,350	$	2,250	
Dissemination	$	10,000	$	7,500	$	2,500	$	10,000	$	15,000	
Trustee Fees	$	11,152	$	3,717	$	7,435	$	11,152	$	18,587	
Management Fees	$	37,132	$	27,849	$	9,283	$	37,132	$	40,000	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Telephone	$	300	$	-	$	75	$	75	$	300	
Postage	$	1,000	$	114	$	250	$	364	$	1,000	
Insurance	$	6,000	$	5,570	$	-	$	5,570	$	6,684	
Printing & Binding	$	3,000	$	1,386	$	750	$	2,136	$	3,000	
Legal Advertising	$	3,800	$	189	$	3,611	$	3,800	$	3,800	
Other Current Charges	$	2,500	$	1,060	$	625	$	1,685	$	2,500	
Office Supplies	$	625	$	35	$	156	$	191	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	144,052	$	96,160	$	52,369	$	148,529	$	164,439	

Operations & Maintenance						
Contract Services
Field Management	
$	20,600	
$	15,450	
$	5,150	
$	20,600	
$	21,630	
Amenities Management	$	37,080	$	27,810	$	9,270	$	37,080	$	125,000	
Landscape Maintenance	$	469,372	$	181,414	$	64,290	$	245,704	$	483,172	
Lake Maintenance	$	52,440	$	6,280	$	2,040	$	8,320	$	35,000	
Wetland Maintenance	$	12,100	$	3,200	$	4,800	$	8,000	$	12,100	
Wetland Mitigation Reporting	$	9,600	$	6,600	$	3,000	$	9,600	$	9,600	
Pool Maintenance	$	20,820	$	15,615	$	5,205	$	20,820	$	20,820	
Pest Control	$	780	$	585	$	195	$	780	$	780	
Janitorial Services	$	45,000	$	16,320	$	8,880	$	25,200	$	30,000	
Contract Services Subtotal:	$	667,792	$	273,275	$	102,830	$	376,105	$	738,102	

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Proposed Budget	
Description	FY2022	6/30/22	Months	9/30/22	FY2023	
Repairs & Maintenance						
Landscape Replacement	$	25,000	$	1,069	$	6,250	$	7,319	$	25,000	
Irrigation Repairs	$	3,000	$	1,250	$	750	$	2,000	$	3,000	
Stormwater Inspections	$	14,400	$	-	$	3,600	$	3,600	$	12,900	
General Repairs & Maintenance	$	10,000	$	3,487	$	2,500	$	5,987	$	10,000	
Alleyway & Sidewalk Maintenance	$	3,000	$	-	$	750	$	750	$	3,000	
Signage	$	1,500	$	-	$	375	$	375	$	1,500	
Walls - Repair/Cleaning	$	1,500	$	-	$	375	$	375	$	1,500	
Fencing	$	250	$	-	$	63	$	63	$	1,500	
Repairs & Maintenance Subtotal:	$	58,650	$	5,806	$	14,663	$	20,469	$	58,400	

Utilities						
Amenity Center - Electric	$	19,000	$	12,268	$	4,800	$	17,068	$	21,120	
Amenity Center - Water	$	6,500	$	5,934	$	2,100	$	8,034	$	9,240	
Electric	$	5,000	$	123	$	45	$	168	$	2,500	
Water & Sewer	$	54,500	$	10,340	$	3,600	$	13,940	$	70,000	
Streetlights	$	150,000	$	38,786	$	16,200	$	54,986	$	150,000	
Utilities Subtotal:	$	235,000	$	67,451	$	26,745	$	94,196	$	252,860	

Amenities						
Property Insurance	$	25,000	$	23,054	$	-	$	23,054	$	27,665	
Pool Attendants	$	12,500	$	-	$	12,500	$	12,500	$	12,500	
Facility Maintenance	$	-	$	-	$	-	$	-	$	53,000	
Security Patrol	$	30,000	$	-	$	-	$	-	$	-	
Pool Repairs & Maintenance	$	15,000	$	19,260	$	3,750	$	23,010	$	15,000	
Pool Permits	$	325	$	325	$	-	$	325	$	325	
Access Cards & Equipment Supplies	$	2,390	$	5,144	$	-	$	5,144	$	6,000	
Fire Alarm & Security Monitoring	$	1,000	$	280	$	175	$	455	$	420	
Fire Alarm & Security Monitoring Repairs	$	2,000	$	-	$	500	$	500	$	2,000	
Fire Extinguisher Inspections	$	100	$	85	$	-	$	85	$	100	
Amenity Signage	$	2,000	$	1,165	$	835	$	2,000	$	2,000	
Repairs & Maintenance	$	17,500	$	12,980	$	4,375	$	17,355	$	5,000	
Office Supplies	$	1,500	$	120	$	375	$	495	$	1,000	
Operating Supplies	$	5,000	$	4,357	$	1,250	$	5,607	$	5,000	
Special Events	$	15,000	$	14,507	$	3,750	$	18,257	$	18,000	
Termite Bond	$	300	$	-	$	300	$	300	$	300	
Holiday Décor	$	12,500	$	5,100	$	7,400	$	12,500	$	12,500	
Amenities Subtotal:	$	142,115	$	86,378	$	35,210	$	121,587	$	160,810	
Other						
Contingency	$	25,000	$	879	$	6,250	$	7,129	$	25,000	
Capital Reserve	$	15,262	$	-	$	15,262	$	15,262	$	15,262	
Other Subtotal:	$	40,262	$	879	$	21,512	$	22,391	$	40,262	
						
Total Operations & Maintenance:	$ 1,143,819	$	433,788	$	200,959	$	634,747	$ 1,250,434	
						
Total Expenditures	$ 1,287,871	$	529,948	$	253,328	$	783,276	$ 1,414,873	
						
Excess Revenues/(Expenditures)	$	-	$	539,278	$	(250,328)	$	288,950	$	0	
Community Development District
General Fund - Assessments

Phase 1 - Mattamy - Tax Roll
Townhome	101	0.6	$	47,280	$	50,298	$468.12	$498.00	
Single-Family 40'	69	0.8	$	47,348	$	50,370	$686.20	$730.00	
Single-Family 45'	97	0.9	$	74,950	$	79,734	$772.68	$822.00	
Single-Family 55'	61	1.1	$	57,569	$	61,244	$943.76	$1,004.00	
Single-Family 70'	1	1.4	$	1,201	$	1,278	$1,201.32	$1,278.00	

Phase 2 - Lennar - Tax Roll
Single-Family 32'	115	0.65	$	63,130	$	67,160	$548.96	$584.00	
Single-Family 50'	112	1	$	96,121	$  102,256	$858.22	$913.00	

Phase 4A/5A - Pulte - Tax Roll
Multi-Family-Duplex	68	0.6	$	31,832	$	33,864	$468.12	$498.00	
Single-Family 32'	57	0.65	$	31,291	$	33,288	$548.96	$584.00	
Single-Family 40'	37	0.8	$	25,389	$	27,010	$686.20	$730.00	
Single-Family 50'	87	1	$	74,665	$	79,431	$858.22	$913.00	

Phase 4B - Pulte - Tax Roll
Single-Family 32'	67	0.65	$	36,780	$	39,128	$548.96	$584.00	
Single-Family 40'	38	0.8	$	26,076	$	27,740	$686.20	$730.00	
Single-Family 50'	21	1	$	18,023	$	19,173	$858.22	$913.00	

Phase 6 - Lennar - Tax Roll
Townhome	61	0.6
$	28,555
$	30,378
$468.12	$498.00
Phase 3 & 7 - Lennar - Direct
Phase 4C - Pulte - Direct
Townhome	90	0.6	$	42,131	$	44,820	$468.12	$498.00	
Single-Family 32'	25	0.65	$	13,724	$	14,600	$548.96	$584.00	
Single-Family 40'	102	0.8	$	69,992	$	74,460	$686.20	$730.00	
Single-Family 50'	32	1	$	27,463	$	29,216	$858.22	$913.00	

Phase 5B- Pulte - Direct							
Multi-Family-Duplex	72	0.6	$	33,705	$	35,856	$468.12	$498.00	
Single-Family 50'	61	1	$	52,351	$	55,693	$858.22	$913.00	

Revenues:

Assessments

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

Special Events Revenue

Represents fees collected by the onsite management company related to various special events operated by the District.

Expenditures:

Administrative:

Supervisor Fees

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

FICA Expense

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

Engineering

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

Attorney

The District's legal counsel, Latham, Luna, Eden & Beaudine, LLP, provides general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation for Board meetings, preparation and review of agreements, resolutions, and other research as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Grau & Associates.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District has contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2018, Series 2021 Phase 2 & Series 2021 Phase 4A/5A Special Assessment Revenue Bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District issued the Series 2018, Series 2021 Phase 2 & Series 2021 Phase 4A/5A Special Assessment Revenue Bonds that are deposited with a Trustee at USBank.

Management Fees

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

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

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

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

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

Legal Advertising

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

Other Current Charges

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

Office Supplies

Miscellaneous office supplies.

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.

Operations & Maintenance:

Contract Services:

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Amenities Management

The District has contracted with Community Association and Lifestyle Management, LLC to provide amenity center management services, amenity operations services and programming services.

 Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District is currently contracted with United Landscapes for these services.

Description	Monthly	Annually	
Cross Prairie Parkway	$3,668	$44,020	
2 Additional Ponds	$700	$8,400	
Phase 1 (excludes Cross Prairie Parkway)	$5,943	$71,320	
Amenity Center	$1,744	$20,925	
Amenity Center Pond	$1,167	$14,000	
East Cross Prairie Parkway	$3,885	$46,620	
Estimated West Cross Prairie Parkway	$1,505	$18,060	
Phase 2	$2,555	$30,660	
Estimated Phase 3	$2,631	$31,572	
Estimated Phase 4	$5,519	$66,228	
Estimated Phase 5	$1,060	$12,720	
Estimated Phase 6	$4,296	$51,555	
Estimated Phase 7	$5,591		$67,092 	
Total		$483,172	

Lake Maintenance

Represents the costs of aquatic management services for the District’s lakes. Services include monthly inspections and/or treatments needed to maintain control of noxious vegetation growth within the lakes. The District is currently contracted with Sunshine Land Management for these services.

Description	Monthly	Annually	
Phase 1, 2 & 3 Ponds	$480	$5,760	
Amenity Pond	$50	$600	
Estimated Phase 4 Ponds	$890	$10,680	
Estimated Phase 5 Ponds	$140	$1,680	
Estimated Phase 7 Ponds	$310	$3,720	
Dump Fees	$200	$2,400	
Water Analysis Testing	$100	$1,200	
Algae Control		$2,000	
Contingency			$6,960 	
Total		$35,000	

Wetland Maintenance

BioTech Consulting, Inc. provides maintenance services on the District’s wetlands. These services include quarterly maintenance consisting of herbicide treatments and water level monitoring.

Description	Quarterly	Annually	
Mitigation Maintenance	$1,600	$6,400	
Water Level Monitoring	$800	$3,200	
Estimated Project Coordination			$2,500 	
Total		$12,100	

Wetland Mitigation Monitoring

The District will incur costs related to mitigation reporting for its wetlands. BioTech Consulting, Inc. conducts a semi annual mitigation monitoring report as well as an annual mitigation report detailing all of the monitoring events conducted. These reports are submitted to respective agencies for permit conditions.

Description	Event	Annually	
Semi – Annual Mitigation Monitoring	$3,000	$6,000	
Annual Mitigation Report	$3,600		$3,600 	
Total		$9,600	

Pool Maintenance

Represents the costs of regular cleaning of the District’s pool. This service is provided by Roberts Pool Service and Repair, Inc.

Description	Monthly	Annually	
5 times per week
Total	$1,735		$20,820 
$20,820	

Pest Control

The District is contracted with Pro-Staff Termite & Pest Control, LLC for integrated pest management and rodent control.

Description	Monthly	Annually	
Pest Control
Total	$65		$780 
$780	

Janitorial Services

The District is contracted with Westwood Interior Cleaning, Inc. to provide janitorial services for the amenity center. Amounts are based on two cleaning services per week.

Description	Monthly	Annually	
Janitorial Services - $225 per service	$1,950	$23,400	
Janitorial Services – Holidays		$1,350	
Supplies			$5,250 	
Total		$30,000	

Repairs & Maintenance

Landscape Replacement

Represents estimated costs related to the replacement of any landscaping needed throughout the fiscal year.

Irrigation Repairs

The District will incur costs related to repairing and maintaining its irrigation systems. The amount is based on estimated costs.

Stormwater Inspections

Represents the estimated costs of inspecting the District’s stormwater systems.

General Repairs & Maintenance

Represents estimated costs for the general repairs and maintenance of various facilities throughout the District.

Alleyway & Sidewalk Maintenance

The District will incur costs related to maintaining the alleyways and sidewalks within its boundaries. The amount is estimated.

Signage

Represents estimated costs to replace miscellaneous signs throughout the fiscal year.

Walls – Repair/Cleaning

Represents estimated costs of repairing and cleaning walls maintained by the District.

Fencing

Represents estimated costs for maintaining fences during the fiscal year.

Utilities:

Amenity Center - Electric

Represents estimated electric charges for the District’s pool.

Amenity Center – Water

Represents estimated water charges for the District’s pool.

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

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

Streetlights

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

Amenities:

Property Insurance

The District will incur fees to insure items owned by the District for its property needs. Coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for government agencies.

Pool Attendants

Represents the estimated cost of having pool attendants during certain times throughout the operating season for the pool.

Facility Maintenance

The District has contracted with Governmental Management Services – Central Florida, LLC to provide routine repairs and maintenance on the District’s common areas and amenities.

Pool Repairs & Maintenance

Estimated miscellaneous pool maintenance costs not included under the District’s regular pool agreement.

Pool Permits

Represents annual costs of required pool permits paid to the Florida Department of Health.

Access Cards & Equipment Supplies

Represents the estimated cost for providing and maintaining an access card system.

Fire Alarm & Security Monitoring

Represents estimated costs of maintaining fire alarm and security systems for the amenity facilities within the District.

Fire Alarm & Security Monitoring Repairs

Represents estimated costs of maintaining and repairing the fire alarm and security systems.

Fire Extinguisher Inspections

Represents the annual cost of inspecting the fire extinguishers.

Amenity Signage

Represents estimated costs to obtain amenity signage necessary throughout the fiscal year.

Repairs & Maintenance

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

Office Supplies

Represents the cost of daily office supplies required by the District to facilitate operations.

Operating Supplies

Represents estimated costs of supplies purchased for operating and maintaining common areas.

Special Events

The onsite management company for the District will coordinate and provide various special events throughout the year. The amount represents estimated costs related to supplies, notices and other items to run these events.

Termite Bond

The District will incur annual fees for the termite bonds of its amenity facilities.

Holiday Décor

The District will incur costs related to the decoration of common areas during the Holidays.

Other:

Contingency

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

Capital Reserve
The District will fund an annual amount for future cost related to replacement and repair of capital assets of the District. Upon completion, the District may have a Capital Reserve study prepared to ensure annually funding levels are sufficient.

Adopted Budget	Capital Reserve Fund Fiscal Year 2023
Actual thru	

Projected Next 3	

Total thru	

Proposed Budget	
Description	FY2022	6/30/22	Months	9/30/22	FY2023	

Revenues					
Transfer In	$	15,262	$	-	$	15,262	$	15,262	$	15,262	
Carry Forward Surplus	$	15,262	$	-	$	-	$	-	$	15,262	
Total Revenues	$	30,524	$	-	$	15,262	$	15,262	$	30,524	

Expenditures					
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	
					
Excess Revenues/(Expenditures)	$	30,524	$	-	$	15,262	$	15,262	$	30,524	
Debt Service Fund - Series 2018 Fiscal Year 2023

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Proposed Budget	
Description	FY2022	6/30/22	Months	9/30/22	FY2023	

Revenues						
Special Assessments	$	137,458	$	137,971	$	-	$	137,971	$	137,458	
Interest	$	-	$	6	$	-	$	6	$	-	
Carry Forward Surplus	$	67,273	$	68,279	$	-	$	68,279	$	68,361	
Total Revenues	$	204,731	$	206,256	$	-	$	206,256	$	205,819	

Expenditures						
Interest Payment - 11/01	$	48,948	$	48,948	$	-	$	48,948	$	48,008	
Principal Payment - 05/01	$	40,000	$	40,000	$	-	$	40,000	$	40,000	
Interest Payment - 05/01	$	48,948	$	48,948	$	-	$	48,948	$	48,008	
Total Expenditures	$	137,895	$	137,895	$	-	$	137,895	$	136,015	
						
Excess Revenues/(Expenditures)	$	66,836	$	68,361	$	-	$	68,361	$	69,804	

1. Carry forward surplus is net of Reserves.
 Interest 11/1/23	$47,068	

Net Assessments	$137,458 Add: Discounts & Collection 		$8,774 
Gross Assessments 	$146,232 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment		
Townhouse	101	$	28,482	$282.00	$300.00		
Single-Family 40'	69	$	28,509	$413.18	$439.55		
Single-Family 45'	97	$	45,089	$464.83	$494.50		
Single-Family 55'	61	$	34,655	$568.12	$604.38		
Single-Family 70'	1	$	723	$723.06	$769.21		
	329	$	137,458				
	Series	2018 Special Assessment Bonds Amortization Schedule				
Date		Balance	Principal	Interest	Total		
						
11/01/22	$	2,020,000.00	$	-	$	48,007.50	$	136,955.00		
05/01/23	$	2,020,000.00	$	40,000.00	$	48,007.50			
11/01/23	$	1,980,000.00	$	-	$	47,067.50	$	135,075.00		
05/01/24	$	1,980,000.00	$	45,000.00	$	47,067.50			
11/01/24	$	1,935,000.00	$	-	$	46,010.00	$	138,077.50		
05/01/25	$	1,935,000.00	$	45,000.00	$	46,010.00			
11/01/25	$	1,890,000.00	$	-	$	44,952.50	$	135,962.50		
05/01/26	$	1,890,000.00	$	45,000.00	$	44,952.50			
11/01/26	$	1,845,000.00	$	-	$	43,895.00	$	133,847.50		
05/01/27	$	1,845,000.00	$	50,000.00	$	43,895.00			
11/01/27	$	1,795,000.00	$	-	$	42,720.00	$	136,615.00		
05/01/28	$	1,795,000.00	$	50,000.00	$	42,720.00			
11/01/28	$	1,745,000.00	$	-	$	41,545.00	$	134,265.00		
05/01/29	$	1,745,000.00	$	55,000.00	$	41,545.00			
11/01/29	$	1,690,000.00	$	-	$	40,252.50	$	136,797.50		
05/01/30	$	1,690,000.00	$	55,000.00	$	40,252.50			
11/01/30	$	1,635,000.00	$	-	$	38,960.00	$	134,212.50		
05/01/31	$	1,635,000.00	$	60,000.00	$	38,960.00			
11/01/31	$	1,575,000.00	$	-	$	37,550.00	$	136,510.00		
05/01/32	$	1,575,000.00	$	60,000.00	$	37,550.00			
11/01/32	$	1,515,000.00	$	-	$	36,140.00	$	133,690.00		
05/01/33	$	1,515,000.00	$	65,000.00	$	36,140.00			
11/01/33	$	1,450,000.00	$	-	$	34,612.50	$	135,752.50		
05/01/34	$	1,450,000.00	$	70,000.00	$	34,612.50			
11/01/34	$	1,380,000.00	$	-	$	32,967.50	$	137,580.00		
05/01/35	$	1,380,000.00	$	70,000.00	$	32,967.50			
11/01/35	$	1,310,000.00	$	-	$	31,322.50	$	134,290.00		
05/01/36	$	1,310,000.00	$	75,000.00	$	31,322.50			
11/01/36	$	1,235,000.00	$	-	$	29,560.00	$	135,882.50		
05/01/37	$	1,235,000.00	$	80,000.00	$	29,560.00			
11/01/37	$	1,155,000.00	$	-	$	27,680.00	$	137,240.00		
05/01/38	$	1,155,000.00	$	80,000.00	$	27,680.00			
11/01/38	$	1,075,000.00	$	-	$	25,800.00	$	133,480.00		
05/01/39	$	1,075,000.00	$	85,000.00	$	25,800.00			
11/01/39	$	990,000.00	$	-	$	23,760.00	$	134,560.00		
05/01/40	$	990,000.00	$	90,000.00	$	23,760.00			
11/01/40	$	900,000.00	$	-	$	21,600.00	$	135,360.00		
05/01/41	$	900,000.00	$	95,000.00	$	21,600.00			
11/01/41	$	805,000.00	$	-	$	19,320.00	$	135,920.00		
05/01/42	$	805,000.00	$	100,000.00	$	19,320.00			
11/01/42	$	705,000.00	$	-	$	16,920.00	$	136,240.00		
05/01/43	$	705,000.00	$	105,000.00	$	16,920.00			
11/01/43	$	600,000.00	$	-	$	14,400.00	$	136,320.00		
	Series	2018 Special Assessment Amortization Schedule	Bonds			
Date		Balance	Principal	Interest	Total	

05/01/44	
$	
600,000.00	
$	110,000.00	
$	14,400.00		
11/01/44	$	490,000.00	$	-	$	11,760.00	$	136,160.00	
05/01/45	$	490,000.00	$	115,000.00	$	11,760.00		
11/01/45	$	375,000.00	$	-	$	9,000.00	$	135,760.00	
05/01/46	$	375,000.00	$	120,000.00	$	9,000.00		
11/01/46	$	255,000.00	$	-	$	6,120.00	$	135,120.00	
05/01/47	$	255,000.00	$	125,000.00	$	6,120.00		
11/01/47	$	130,000.00	$	-	$	3,120.00	$	134,240.00	
05/01/48	$	130,000.00	$	130,000.00	$	3,120.00	$	133,120.00	
			$	2,020,000.00	$	1,550,085.00	$	3,659,032.50	
Debt Service Fund - Series 2021 Phase 2 Fiscal Year 2023

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Proposed Budget	
Description	FY2022	6/30/22	Months	9/30/22	FY2023	

Revenues						
Special Assessments	$	144,764	$	145,309	$	-	$	145,309	$	144,764	
Interest	$	-	$	6	$	-	$	6	$	-	
Carry Forward Surplus	$	45,024	$	45,025	$	-	$	45,025	$	45,296	
Total Revenues	$	189,788	$	190,340	$	-	$	190,340	$	190,060	

Expenditures						
Interest Payment - 11/01	$	45,022	$	45,022	$	-	$	45,022	$	44,369	
Principal Payment - 05/01	$	55,000	$	55,000	$	-	$	55,000	$	55,000	
Interest Payment - 05/01	$	45,022	$	45,022	$	-	$	45,022	$	44,369	
Total Expenditures	$	145,044	$	145,044	$	-	$	145,044	$	143,738	
						
Excess Revenues/(Expenditures)	$	44,744	$	45,296	$	-	$	45,296	$	46,322	

1. Carry forward surplus is net of Reserves.
  Interest 11/1/23	$43,716	

Net Assessments	$144,764 Add: Discounts & Collection 		$9,240 
Gross Assessments 	$154,004 

Product Type	No. of Units	
Annual Debt Service	Per Unit
Net Debt Assessment	Per Unit
Gross Debt Assessment		
Single-Family 32'	115	$	57,944	$503.87	$536.03	
Single-Family 50'	112	$	86,820	$775.18	$824.66	
	227	$	144,764			
Series 2021 Special Assessment Bonds Phase 2 Project Amortization Schedule

11/01/22	$	2,525,000.00	$	-	$	44,368.75	$	144,390.63	
05/01/23	$	2,525,000.00	$	55,000.00	$	44,368.75		
11/01/23	$	2,470,000.00	$	-	$	43,715.63	$	143,084.38	
05/01/24	$	2,470,000.00	$	55,000.00	$	43,715.63		
11/01/24	$	2,415,000.00	$	-	$	43,062.50	$	141,778.13	
05/01/25	$	2,415,000.00	$	55,000.00	$	43,062.50		
11/01/25	$	2,300,000.00	$	-	$	42,409.38	$	140,471.88	
05/01/26	$	2,300,000.00	$	60,000.00	$	42,409.38		
11/01/26	$	2,300,000.00	$	-	$	41,696.88	$	144,106.25	
05/01/27	$	2,300,000.00	$	60,000.00	$	41,696.88		
11/01/27	$	2,240,000.00	$	-	$	40,834.38	$	142,531.25	
05/01/28	$	2,240,000.00	$	60,000.00	$	40,834.38		
11/01/28	$	2,180,000.00	$	-	$	39,971.88	$	140,806.25	
05/01/29	$	2,180,000.00	$	65,000.00	$	39,971.88		
11/01/29	$	2,115,000.00	$	-	$	39,037.50	$	144,009.38	
05/01/30	$	2,115,000.00	$	65,000.00	$	39,037.50		
11/01/30	$	2,050,000.00	$	-	$	38,103.13	$	142,140.63	
05/01/31	$	2,050,000.00	$	65,000.00	$	38,103.13		
11/01/31	$	1,985,000.00	$	-	$	37,168.75	$	140,271.88	
05/01/32	$	1,985,000.00	$	70,000.00	$	37,168.75		
11/01/32	$	1,915,000.00	$	-	$	35,987.50	$	143,156.25	
05/01/33	$	1,915,000.00	$	70,000.00	$	35,987.50		
11/01/33	$	1,845,000.00	$	-	$	34,806.25	$	140,793.75	
05/01/34	$	1,845,000.00	$	75,000.00	$	34,806.25		
11/01/34	$	1,770,000.00	$	-	$	33,540.63	$	143,346.88	
05/01/35	$	1,770,000.00	$	75,000.00	$	33,540.63		
11/01/35	$	1,695,000.00	$	-	$	32,275.00	$	140,815.63	
05/01/36	$	1,695,000.00	$	80,000.00	$	32,275.00		
11/01/36	$	1,615,000.00	$	-	$	30,925.00	$	143,200.00	
05/01/37	$	1,615,000.00	$	80,000.00	$	30,925.00		
11/01/37	$	1,535,000.00	$	-	$	29,575.00	$	140,500.00	
05/01/38	$	1,535,000.00	$	85,000.00	$	29,575.00		
11/01/38	$	1,450,000.00	$	-	$	28,140.63	$	142,715.63	
05/01/39	$	1,450,000.00	$	90,000.00	$	28,140.63		
11/01/39	$	1,360,000.00	$	-	$	26,621.88	$	144,762.50	
05/01/40	$	1,360,000.00	$	90,000.00	$	26,621.88		
11/01/40	$	1,175,000.00	$	-	$	25,103.13	$	141,725.00	
05/01/41	$	1,175,000.00	$	95,000.00	$	25,103.13		
11/01/41	$	1,175,000.00	$	-	$	23,500.00	$	143,603.13	
05/01/42	$	1,175,000.00	$	95,000.00	$	23,500.00		
11/01/42	$	1,080,000.00	$	-	$	21,600.00	$	140,100.00	
05/01/43	$	1,080,000.00	$	100,000.00	$	21,600.00		
11/01/43	$	980,000.00	$	-	$	19,600.00	$	141,200.00	
Series 2021 Special Assessment Bonds Phase 2 Project Amortization Schedule

Date		Balance	Principal	Interest	Total	

05/01/44	
$	
980,000.00	
$	105,000.00	
$	19,600.00		
11/01/44	$	875,000.00	$	-	$	17,500.00	$	142,100.00	
05/01/45	$	875,000.00	$	110,000.00	$	17,500.00		
11/01/45	$	765,000.00	$	-	$	15,300.00	$	142,800.00	
05/01/46	$	765,000.00	$	115,000.00	$	15,300.00		
11/01/46	$	650,000.00	$	-	$	13,000.00	$	143,300.00	
05/01/47	$	650,000.00	$	120,000.00	$	13,000.00		
11/01/47	$	530,000.00	$	-	$	10,600.00	$	143,600.00	
05/01/48	$	530,000.00	$	125,000.00	$	10,600.00	$	-	
11/01/48	$	405,000.00	$	-	$	8,100.00	$	143,700.00	
05/01/49	$	405,000.00	$	130,000.00	$	8,100.00	$	-	
11/01/49	$	275,000.00	$	-	$	5,500.00	$	143,600.00	
05/01/50	$	275,000.00	$	135,000.00	$	5,500.00	$	-	
11/1/50	$	140,000.00	$	-	$	2,800.00	$	143,300.00	
5/1/51	$	140,000.00	$	140,000.00	$	2,800.00	$	142,800.00	
			$	2,525,000.00	$	1,649,687.50	$	4,274,709.38	
Debt Service Fund - Series 2021 Phase 4A/5A Fiscal Year 2023

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Proposed Budget	
Description	FY2022	6/30/22	Months	9/30/22	FY2023	

Revenues						
Special Assessments	$	150,700	$	150,701	$	-	$	150,701	$	150,700	
Interest	$	-	$	5	$	-	$	5	$	-	
Carry Forward Surplus	$	48,031	$	48,033	$	-	$	48,033	$	47,678	
Total Revenues	$	198,731	$	198,738	$	-	$	198,738	$	198,378	

Expenditures						
Interest Payment - 11/01	$	48,030	$	48,030	$	-	$	48,030	$	47,343	
Principal Payment - 05/01	$	55,000	$	55,000	$	-	$	55,000	$	55,000	
Interest Payment - 05/01	$	48,030	$	48,030	$	-	$	48,030	$	47,343	
Total Expenditures	$	151,060	$	151,060	$	-	$	151,060	$	149,685	
						
Excess Revenues/(Expenditures)	$	47,671	$	47,678	$	-	$	47,678	$	48,693	

1. Carry forward surplus is net of Reserves.
  Interest 11/1/23	$46,655	

Net Assessments	$150,700 Add: Discounts & Collection 		$9,619 
Gross Assessments 	$160,319 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment	
Multi-Family-Duplex 33'	68	$	31,620	$465.01	$494.69	
Single-Family 32'	57	$	28,714	$503.76	$535.91	
Single-Family 40'	37	$	22,940	$620.01	$659.58	
Single-Family 50'	87	$	67,426	$775.01	$824.48	
	249	$	150,700			
Series 2021 Special Assessment Bonds Phase 4A/5A Project Amortization Schedule

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
Series 2021 Special Assessment Bonds Phase 4A/5A Project Amortization Schedule

Date		Balance	Principal	Interest	Total	

05/01/47	
$	
675,000.00	
$	125,000.00	
$	13,500.00		
11/01/47	$	550,000.00	$	-	$	11,000.00	$	149,500.00	
05/01/48	$	550,000.00	$	130,000.00	$	11,000.00		
11/01/48	$	420,000.00	$	-	$	8,400.00	$	149,400.00	
05/01/49	$	420,000.00	$	135,000.00	$	8,400.00		
11/01/49	$	285,000.00	$	-	$	5,700.00	$	149,100.00	
05/01/50	$	285,000.00	$	140,000.00	$	5,700.00		
11/01/50	$	145,000.00	$	-	$	2,900.00	$	148,600.00	
05/01/51	$	145,000.00	$	145,000.00	$	2,900.00	$	147,900.00	
			$	2,605,000.00	$	1,746,451.25	$	4,454,481.25	

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RESOLUTION 2022- 10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Tohoqua Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and
WHEREAS, the District is located in Osceola County, Florida (“County”); and

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

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”), attached hereto as Exhibit “A” and incorporated by reference herein; and

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

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

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

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

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; 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 of the Tohoqua Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT & 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 Chapters 190 and 197, 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. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions 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 3rd day of August 2022.
ATTEST:	TOHOQUA COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A:	Budget
Exhibit B:	Assessment Roll

!!"#$%& "
NOTICE OF MEETING DATES TOHOQUA
COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Tohoqua Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2023 at 9:00 am at 1830 Fulfillment Drive, Kissimmee, Florida 34744, on the first Wednesday of each month as follows:

October 5, 2022
November 2, 2022
December 7, 2022
January 4, 2023
February 1, 2023
March 1, 2023
April 5, 2023 (Passover – Consider Rescheduling/Cancelling) May 3, 2023
June 7, 2023
July 5, 2023
August 2, 2023
September 6, 2023

The meetings are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. A copy of the agenda for a particular meeting may be obtained from the District Manager at 219 E. Livingston Street, Orlando, FL 32801.

A meeting may be continued to a date, time, and place to be specified on the record at that meeting. There may be occasions when one or more Supervisors may participate by telephone.

Any person requiring special accommodations at these meetings because of a disability or physical impairment should contact the District Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1 or 1-800-955-8770, for aid in contacting the District Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

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

!!"#$%&  "###

Item will be provided under separate cover

!!"#$%&  "#
RESOLUTION 2022-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOHOQUA COMMUNITY DEVELOPMENT DISTRICT PROVIDING FOR AND AUTHORIZING THE USE OF ELECTRONIC DOCUMENTS AND SIGNATURES; ADOPTING AND IMPLEMENTING ELECTRONIC DOCUMENT	CONTROL	PROCESSES	AND PROCEDURES; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Tohoqua Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated within the City of Kissimmee, Osceola County, Florida; and

WHEREAS, Chapter 190, Florida Statutes, authorizes the District to construct, install, operate, and/or maintain systems and facilities for certain basic infrastructure; and

WHEREAS, Chapter 190, Florida Statutes authorizes the District Board of Supervisors, to enter into various contracts for the purposes set forth therein; and

WHEREAS, the District Board of Supervisors finds that it is the interest of the District and its residents to reduce waste, costs, and to enhance services; and

WHEREAS, the District Board of Supervisors recognizes that the Florida Legislature, through the passage of The Electronic Signature Act of 1996, intended to, among other goals, facilitate economic development and efficient delivery of government services by means of reliable electronic messages and foster the development of electronic commerce though the use of electronic signatures to lend authenticity and integrity to writings in any electronic medium; and

WHEREAS, the District Board of Supervisors wishes to further these goals through the use of electronic documents and signatures.

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

SECTION 1. 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 Resolution.

SECTION 2. FORCE AND EFFECT OF ELECTRONIC DOCUMENTS AND
SIGNATURES. Unless otherwise provided by law, electronic documents and signatures submitted to and on behalf of the District may be used for all purposes and shall have the same force and effect as printed documents and manual signatures.
SECTION 3. AUTHORIZING UTILIZATION OF ELECTRONIC SIGNATURES
AND DOCUMENTS. All contractors and personnel associated with the District are hereby authorized and encouraged to utilize electronic documents and signatures when reasonably practicable and as permitted by law. The District Manager is authorized and directed to obtain the provision of electronic document services or platforms offered by nationally recognized third party vendors that increase the efficiency of the District’s operations.

SECTION 4. CONTROLS PROCESSES AND PROCEDURES. The District Board
of Supervisors hereby authorizes and directs the District Manager to create control processes and procedures consistent with Florida Law to ensure adequate integrity, security, confidentiality, and auditability of all transactions conducted using electronic commerce.

SECTION 5. SEVERABILITY. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 6. EFFECTIVE DATE. This Resolution shall take effect upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 3rd day of August 2022.

ATTEST:	TOHOQUA COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chair/Vice Chair

!!"#$%& #

!!"#$%& "

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Tohoqua
Community Development District
Summary of Operating Checks

April 27, 2022 to July 26, 2022

Bank	Date	Check No.'s	Amount	

General Fund	
5/3/22	
503-506	
$	6,275.00	
	5/10/22	507-512	$	11,669.40	
	5/27/22	513-523	$	36,304.45	
	6/14/22	524-529	$	13,687.30	
	6/20/22	530-531	$	12,191.33	
	6/24/22	532-537	$	5,454.80	
	7/7/22	538-544	$	29,231.59	
	7/12/22	545-549	$	14,709.15	
	7/18/22	550-553	$	28,617.17	
			$	158,140.19	
			$ 158,140.19	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	1
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
014995	202110 330-53800-48800
SECURITY MONITORING
015159	202110 330-53800-48800
SECURITY MONITOR - OCT 21 015318	202111 330-53800-48800
SECURITY MONITOR - NOV 21 015476	202112 330-53800-48800
SECURITY MONITOR - DEC 21 015649	202201 330-53800-48800
SECURITY MONITOR - JAN 22 015807	202202 330-53800-48800
SECURITY MONITOR - FEB 22 015972	202203 330-53800-48800
SECURITY MONITOR - MAR 22
MODERN SECURITY SYSTEM, LLC	245.00 000503
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/03/22 00023	4/27/22 567726	202204 320-53800-47100	*	65.00
PEST CONTROL - APR 22
PRO-STAFF TERMITE & PEST CONTROL	65.00 000504
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/03/22 00033	4/01/22 ULS-2801 202204 320-53800-46200	*	3,885.00 LNDSCP E CROSS PRA-APR 22
UNITED LAND SERVICES	3,885.00 000505
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/03/22 00032	4/18/22 22-2037	202203 320-53800-46700	*	2,080.00
JANITORIAL SVCS - MAR 22
WESTWOOD INTERIOR CLEANING INC.	2,080.00 000506
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/22 00022	5/02/22 58	202205 330-53800-48200	*	1,250.00
FACILITY MAINT - MAY 22
5/02/22 58	202205 330-53800-11000	*	3,090.00
AMENITY MANAGEMENT-MAY 22
5/02/22 58	202205 330-53800-48000	*	1,500.00
HOLIDAY PARTY 2021-EVENTS
5/02/22 58	202205 330-53800-48000	*	1,500.00
HAPPY HOPPY EASTER-EVENTS
COMMUNITY ASSOCIATION AND LIFESTYLE	7,340.00 000507
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/22 00031	4/11/22 2060-183 202204 320-53800-51200	*	267.00
LOGO SIGNS FOR HOA OFFICE
FASTSIGNS 175401	267.00 000508
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/22 00006	4/29/22 17-188(4 202203 310-51300-31100	*	169.35
ENGINEER SERVICES-MAR 22
POULOS & BENNETT, LLC	169.35 000509
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TQUA TOHOQUA CDD	KCOSTA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	2
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/10/22 00024	5/01/22 7351	202205 320-53800-47200	*	1,735.00
POOL MAINTENANCE - MAY 22
ROBERTS POOL SRVC AND REPAIR INC	1,735.00 000510
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/22 00026	4/19/22 382222	202204 330-53800-53000	*	591.80
SULFURIC ACID/ALGAE KILL
4/19/22 382868	202204 330-53800-53000	*	886.25
BULK BLEACH / DELIVERY
SPIES POOL, LLC	1,478.05 000511
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/22 00052	5/01/22 1350	202205 320-53800-46300	*	680.00
POND MAINT/ANALYSIS TEST
SUNSHINE LAND MANAGEMENT CORP.	680.00 000512
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00047	5/11/22 32374	202205 320-53800-49000	*	65.00
ANNUAL BACKFLOW TEST
AARON'S BACKFLOW SERVICES	65.00 000513
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 99999	5/27/22 VOID	202205 000-00000-00000	C	.00 VOID CHECK
******INVALID VENDOR NUMBER******	.00 000514
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
222	202203 320-53800-47800	*	550.00
GENERAL MAINT-PRESS/WASH
220	202205 310-51300-34000
MANAGEMENT FEES - MAY 22
220	202205 310-51300-35200
WEBSITE MANAGEMENT-MAY 22
220	202205 310-51300-35100
INFORMATION TECH - MAY 22
220	202205 310-51300-31300
DISSEMINATION SVCS-MAY 22
220	202205 310-51300-51000
OFFICE SUPPLIES
220	202205 310-51300-42000
POSTAGE 220
COPIES 220
SPECIAL EVENTS
220	202205 330-53800-48200	*	95.99
MAINTENANCE SUPPLIES
220	202205 330-53800-48200	*	274.03
A/C REPAIR - SERVICE CALL
220	202205 320-53800-51200	*	15.44
DOOR SIGNS - AMEN CENTER
TQUA TOHOQUA CDD	KCOSTA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME
PAGE	3

....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
5/01/22 221	202205 320-53800-12000
FIELD MANAGEMENT - MAY 22 5/01/22 221	202205 310-51300-49000
GEN MTHLY MAINT MATERIALS
GOVERNMENTAL MANAGEMENT SERVICES	7,743.87 000515
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00004	5/19/22 100620	202204 310-51300-31500	*	906.50
ATTND MTG/PREP LIST/DRAFT
LATHAM, LUNA, EDEN & BEAUDINE,LLP	906.50 000516
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00011	3/08/22 2018548	202203 310-51300-49100	*	271.46
NON ADVALOREM ASSESSMENTS
OSCEOLA COUNTY PROPERTY APPRAISER	271.46 000517
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00006	5/24/22 17-188(5 202204 310-51300-31100	*	978.95
ENGINEER SERVICEDS-APR 22
POULOS & BENNETT, LLC	978.95 000518
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00026	5/04/22 383078	202205 330-53800-53000	*	1,242.40
BULK BLEACH/SULFUR ACID
5/10/22 383371	202205 330-53800-53000	*	149.90
SULFURIC ACID
5/10/22 383528	202205 330-53800-53000	*	927.50
BULK BLEACH / DELIVERY
5/17/22 383621	202205 330-53800-53000	*	54.95
POOL RETURN CAP REPLACMNT
SPIES POOL, LLC	2,374.75 000519
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00064	5/13/22 17725988 202205 320-53800-47100	*	65.00
PEST CONTROL - MAY 22
TURNER PEST CONTROL, LLC	65.00 000520
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ULS-2674 202112 320-53800-46200	*	1,000.00
BALANCE FROM DECEMBER 21
ULS-2674 202112 320-53800-46200
BALANCE DEC 21 / JAN 22
ULS-2975 202205 320-53800-46200 TOH 1ST AMND PH2,3 MAY 22
ULS-2976 202205 320-53800-46200
LANDSCAPE PH1/POND-MAY 22
ULS-2976 202205 320-53800-46200 LANDSCAPE CROS PRA-MAY 22
ULS-2976 202205 320-53800-46200 LANDSCAPE ADD POND-MAY 22
ULS-2976 202205 320-53800-46200 TOHOQUA AMENITY - MAY 22
TQUA TOHOQUA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	4
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

PAPER TOWEL DISPENSER

W.B.MASON CO.INC	491.34 000522
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/27/22 00032	5/12/22 22-2285	202204 320-53800-46700	*	1,920.00
JANITORIAL SVCS - APR 22
WESTWOOD INTERIOR CLEANING INC.	1,920.00 000523
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/22 00022	6/01/22 59	202206 330-53800-48200	*	1,250.00
FACILITY MAINT - JUN 22
6/01/22 59	202206 330-53800-11000	*	3,090.00
AMENITY MANAGEMENT-JUN 22
COMMUNITY ASSOCIATION AND LIFESTYLE	4,340.00 000524
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/22 00016	5/02/22 22559	202205 310-51300-32200	*	5,500.00
AUDIT FYE - 09/30/21
GRAU & ASSOCIATES	5,500.00 000525
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/22 00063	5/31/22 016295	202205 330-53800-48800	*	35.00
SECURITY MONITOR - MAY 22
MODERN SECURITY SYSTEM, LLC	35.00 000526
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/22 00024	6/01/22 7418	202206 320-53800-47200	*	1,735.00
POOL MAINTENANCE - JUN 22
ROBERTS POOL SRVC AND REPAIR INC	1,735.00 000527
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/22 00026	5/26/22 384184	202205 330-53800-53000	*	299.80
SULFURIC ACID
5/26/22 384489	202205 330-53800-53000	*	1,097.50
BULK BLEACH / DELIVERY
SPIES POOL, LLC	1,397.30 000528
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/22 00052	6/01/22 1366	202206 320-53800-46300	*	680.00
POND MAINT/ANALYSIS TEST
SUNSHINE LAND MANAGEMENT CORP.	680.00 000529
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/22 00002	6/01/22 224	202206 310-51300-34000	*	3,094.33
MANAGEMENT FEES - JUN 22
6/01/22 224	202206 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-JUN 22
TQUA TOHOQUA CDD	KCOSTA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	5
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
224	202206 310-51300-35100	*	150.00
INFORMATION TECH - JUN 22
224	202206 310-51300-31300	*	833.33
DISSEMINATION SVCS-JUN 22
224	202206 310-51300-51000	*	.66
OFFICE SUPPLIES 224
POSTAGE 224
COPIES
GOVERNMENTAL MANAGEMENT SERVICES	4,478.33 000530
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/22 00004	6/14/22 104132	202205 310-51300-31500	*	4,433.00
RVW/AGENDA/AGRMNT/CONVEY
6/14/22 104134	202205 310-51300-31500	*	3,280.00
RVW/CNTRCT/MTG/ASMNT/ZOOM
LATHAM, LUNA, EDEN & BEAUDINE,LLP	7,713.00 000531
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00065	6/22/22 2021159	202206 330-53800-48000	*	225.00
BACK TO SCHOOL - EVENT
BUBBLE BUS ORLANDO	225.00 000532
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00049	6/21/22 49-BID-5 202206 330-53800-52000	*	325.00
POOL PERMIT FY 2022
FLORIDA DEPARTMENT OF HEALTH	325.00 000533
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00002	5/31/22 226	202204 320-53800-47800	*	840.00
GEN REPAIR & MAINT-APR 22
GOVERNMENTAL MANAGEMENT SERVICES	840.00 000534
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00026	6/14/22 385048	202206 330-53800-53000	*	319.80
SULFURIC ACID
6/14/22 385142	202206 330-53800-53000	*	1,525.00
BULK BLEACH / DELIVERY
SPIES POOL, LLC	1,844.80 000535
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00060	6/22/22 149	202206 330-53800-48000	*	300.00
SUMMER KIDS PAINT PARTY
TIFFANIE MAAS	300.00 000536
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00032	6/21/22 22-2503	202205 320-53800-46700	*	1,920.00
JANITORIAL SVCS - MAY 22
WESTWOOD INTERIOR CLEANING INC.	1,920.00 000537
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/07/22 00022	7/01/22 60	202207 330-53800-48200	*	1,250.00
FACILITY MAINT - JUL 22
TQUA TOHOQUA CDD	KCOSTA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	6
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/01/22 60	202207 330-53800-11000	*	3,090.00
AMENITY MANAGEMENT-JUL 22
COMMUNITY ASSOCIATION AND LIFESTYLE	4,340.00 000538
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
225	202206 320-53800-12000	*	1,716.67
FIELD MANAGEMENT - JUN 22
225	202206 320-53800-47800	*	138.73
GEN MTHLY MAINT MATERIALS
225	202206 330-53800-49200	*	71.59
TRASH BAGS/WET DRY SIGN
225	202206 330-53800-48000	*	315.73
SUPPLIES SPECIAL EVENTS
225	202206 330-53800-48200	*	22.40
SUPPLIES FITNESS CENTER
225	202206 310-51300-42000	*	3.36
POSTAGE-VIOLATION LETTERS
GOVERNMENTAL MANAGEMENT SERVICES	2,268.48 000539
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/07/22 00026	6/23/22 385517	202206 330-53800-53000	*	159.90
SULFURIC ACID
6/23/22 385733	202206 330-53800-53000	*	1,525.00
BULK BLEACH / DELIVERY
SPIES POOL, LLC	1,684.90 000540
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/07/22 00052	7/01/22 1389	202207 320-53800-46300	*	920.00
POND MAINT/ANALYSIS TEST
SUNSHINE LAND MANAGEMENT CORP.	920.00 000541
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/07/22 00064	6/15/22 18126128 202206 320-53800-47100	*	65.00
PEST CONTROL - JUN 22
TURNER PEST CONTROL, LLC	65.00 000542
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ULS-3101 202206 320-53800-46200	*	3,885.00
LNDSCP E CROSS PRA-JUN 22
ULS-3101 202206 320-53800-46200	*	5,943.33
LANDSCAPE PH1/POND-JUN 22
ULS-3158 202206 320-53800-46200	*	4,323.00 TOH.1ST AMND PH2,3 JUN 22
ULS-3158 202206 320-53800-46200	*	3,668.33 LANDSCPE CROSS PRA-JUN 22
ULS-3159 202206 320-53800-46200	*	700.00
LANDSCAPE ADD POND-JUN 22
ULS-3159 202206 320-53800-46200	*	1,166.67 LANDSCPE AMEN POND-JUN 22
UNITED LAND SERVICES	19,686.33 000543
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TQUA TOHOQUA CDD	KCOSTA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	7
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/07/22 00039	6/28/22 23081556 202206 330-53800-49200	*	266.88
C-FOLD PAPER TOWEL 16 PKS
W.B.MASON CO.INC	266.88 000544
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/22 00004	5/19/22 100621	202204 310-51300-31500	*	431.00
SENT DOC\CONVEY/RVW/TITLE
6/14/22 104133	202205 310-51300-31500	*	618.20
REQ/CONVEY/RVW/FINALIZE
LATHAM, LUNA, EDEN & BEAUDINE,LLP	1,049.20 000545
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/22 00006	3/28/22 17-188(4 202202 310-51300-31100	*	225.00
ENGINEER SERVICES-FEB 22
4/30/22 17-188(4 202203 310-51300-31100	*	2,681.25
ENGINEER SERVICES-MAR 22
5/24/22 17-188(5 202204 310-51300-31100	*	1,031.25
ENGINEER SERVICES-APR 22
5/24/22 17-188(5 202204 310-51300-31100	*	393.75
ENGINEER SERVICES-APR 22
6/28/22 17-188(5 202205 310-51300-31100	*	360.00
ENGINEER SERVICES-MAY 22
6/28/22 17-188(5 202205 310-51300-31100	*	1,705.45
ENGINEER SERVICES-MAY 22
6/28/22 17-188(5 202205 310-51300-31100	*	875.00
ENGINEER SERVICES-MAY 22
6/28/22 17-188(5 202205 310-51300-31100	*	371.25
ENGINEER SERVICES-MAY 22
POULOS & BENNETT, LLC	7,642.95 000546
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/22 00024	7/01/22 7498	202207 320-53800-47200	*	1,735.00
POOL MAINTENANCE - JUL 22
ROBERTS POOL SRVC AND REPAIR INC	1,735.00 000547
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/22 00026	6/04/22 386074	202206 330-53800-53000	*	397.00
RBLT STENNER/TUBE ASSMBLY
SPIES POOL, LLC	397.00 000548
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/22 00033	5/03/22 ULS-2976 202205 320-53800-46200	*	3,885.00 LNDSCP E CROSS PRA-MAY 22
UNITED LAND SERVICES	3,885.00 000549
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/22 00002	7/01/22 227	202207 310-51300-34000	*	3,094.33
MANAGEMENT FEES - JUL 22
7/01/22 227	202207 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-JUL 22
7/01/22 227	202207 310-51300-35100	*	150.00
INFORMATION TECH - JUL 22
TQUA TOHOQUA CDD	KCOSTA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/27/22	PAGE	8
*** CHECK DATES 04/27/2022 - 07/26/2022 ***	TOHOQUA - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/01/22 227	202207 310-51300-31300	*	833.33
DISSEMINATION SVCS-JUL 22
7/01/22 227	202207 310-51300-51000	*	.72
OFFICE SUPPLIES
7/01/22 227	202207 310-51300-42000	*	12.72
POSTAGE
7/01/22 227	202207 310-51300-42500	*	296.25
COPIES
GOVERNMENTAL MANAGEMENT SERVICES	4,487.35 000550
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/22 00004	7/12/22 104807	202206 310-51300-31500	*	1,724.74
ATND MTG/RESOL/AGDA/ADNDM
LATHAM, LUNA, EDEN & BEAUDINE,LLP	1,724.74 000551
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/22 00026	7/05/22 386566	202207 330-53800-53000	*	975.00
BULK BLEACH / DELIVERY
SPIES POOL, LLC	975.00 000552
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/22 00033	7/01/22 ULS-3241 202207 320-53800-46200	*	5,943.33
LANDSCAPE PH1/POND-JUL 22
7/01/22 ULS-3241 202207 320-53800-46200	*	3,885.00 LNDSCP E CROSS PRA-JUL 22
7/01/22 ULS-3296 202207 320-53800-46200	*	4,323.00 TOH 1ST AMND PH2,3-JUL 22
7/01/22 ULS-3296 202207 320-53800-46200	*	3,668.33 LANDSCPE CROSS PRA-JUL 22
7/01/22 ULS-3296 202207 320-53800-46200	*	700.00
LANDSCAPE ADD POND-JUL 22
7/01/22 ULS-3296 202207 320-53800-46200	*	1,743.75 TOHOQUA AMENITY - JUL 22
7/01/22 ULS-3296 202207 320-53800-46200	*	1,166.67 LANDSCPE AMEN POND-JUL 22
UNITED LAND SERVICES	21,430.08 000553
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	158,140.19
TOTAL FOR REGISTER	158,140.19

TQUA TOHOQUA CDD	KCOSTA

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Tohoqua
Community Development District

Unaudited Financial Reporting
June 30, 2022

Table of Contents

1	Balance Sheet	

2-4	

General Fund	

5	

Debt Service Fund - Series 2018	

6	

Debt Service Fund - Series 2021 Phase 2	

7	

Debt Service Fund - Series 2021 Phase 4A/5A	

8	

Capital Projects Fund	

9-10	

Month to Month	

11	

Long Term Debt Summary	

12	
Assessment Receipt Schedule	
Combined Balance Sheet June 30, 2022

Assets:									
Cash	$	618,765	$	-	$	-	$	618,765	
Investments									
Series 2018									
Reserve	$	-	$	69,039	$	-	$	69,039	
Revenue	$	-	$	68,089	$	-	$	68,089	
Construction	$	-	$	-	$	12,649	$	12,649	
Series 2021 Phase 2									
Reserve	$	-	$	72,381	$	-	$	72,381							
Revenue	$	-	$	45,008	$	-	$	45,008							
Capital Interest	$	-	$	1	$	-	$	1							
Construction	$	-	$	-	$	232	$	232							
Series 2021 Phase 4A/5A
Reserve	$	-	$	75,350	$	-	$	75,350						
Revenue	$	-	$	10,003	$	-	$	10,003						
Capital Interest	$	-	$	1	$	-	$	1						
Construction	$	-	$	-	$	9	$	9						
Due From Developer	$	3,280	$	-	$	-	$	3,280						
Due From General Fund	$	-	$	38,235	$	241	$	38,476						
Due From Other	$	31	$	-	$	-	$	31			
Prepaid Expenses	$	3,899	$	-	$	-	$	3,899			
Total Assets	$	625,974	$	378,105	$	13,131	$	1,017,210			

Liabilities:
Accounts Payable	

$	38,670	

$	

-	$	

-	$	38,670			
Due to Capital Projects	$	241	$	-	$	-	$	241			
Due to Debt Service	$	38,235	$	-	$	-	$	38,235			
Total Liabilities	$	77,147	$	-	$	-	$	77,147			

Fund Balances:
Nonspendable:							
Deposits & Prepaid Items Restricted for:	$	3,899	$	-	$	-	$	3,899	
Debt Service - Series 2018	$	-	$	137,400	$	-	$	137,400					
Debt Service - Series 2021 Phase 2	$	-	$	117,677	$	-	$	117,677					
Debt Service - Series 2021 Phase 4A/5A	$	-	$	123,028	$	-	$	123,028					
Capital Projects	$	-	$	-	$	13,131	$	13,131					
Unassigned	$	544,929	$	-	$	-	$	544,929					
Total Fund Balances	$	548,827	$	378,105	$	13,131	$	940,064			
							
Total Liabilities & Fund Balance	$	625,974	$	378,105	$	13,131	$	1,017,210			

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Revenues					
Developer Contributions	$	220,146	$	3,280	$	3,280	$	-	
Assessments - Tax Collector	$	387,600	$	387,600	$	389,056	$	1,456	
Assessments - Direct	$	668,125	$	668,125	$	668,125	$	0	
Special Events Revenue	$	12,000	$	9,000	$	8,765	$	(235)	
Total Revenues	$	1,287,871	$	1,068,004	$	1,069,226	$	1,221	

Expenditures					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	3,400	$	5,600	
FICA Expense	$	918	$	689	$	260	$	428	
Engineering	$	12,000	$	9,000	$	9,065	$	(65)	
Attorney	$	25,000	$	18,750	$	19,689	$	(939)	
Annual Audit	$	6,600	$	6,600	$	5,500	$	1,100	
Assessment Administration	$	7,500	$	7,500	$	7,500	$	-	
Arbitrage	$	1,350	$	900	$	900	$	-	
Dissemination	$	10,000	$	7,500	$	7,500	$	0	
Trustee Fees	$	11,152	$	3,717	$	3,717	$	-	
Management Fees	$	37,132	$	27,849	$	27,849	$	(0)	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Telephone	$	300	$	225	$	-	$	225	
Postage	$	1,000	$	750	$	114	$	636	
Insurance	$	6,000	$	6,000	$	5,570	$	430	
Printing & Binding	$	3,000	$	2,250	$	1,386	$	864	
Legal Advertising	$	3,800	$	2,850	$	189	$	2,661	
Other Current Charges	$	2,500	$	1,875	$	1,060	$	815	
Office Supplies	$	625	$	469	$	35	$	434	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	144,052	$	108,348	$	96,160	$	12,188	

Operations & Maintenance					
Contract Services					
Field Management	$	20,600	$	15,450	$	15,450	$	(0)	
Amenities Management	$	37,080	$	27,810	$	27,810	$	-	
Landscape Maintenance	$	469,372	$	352,029	$	181,414	$	170,615	
Lake Maintenance	$	52,440	$	39,330	$	6,280	$	33,050	
Wetland Maintenance	$	12,100	$	9,075	$	3,200	$	5,875	
Wetland Mitigation Reporting	$	9,600	$	6,600	$	6,600	$	-	
Pool Maintenance	$	20,820	$	15,615	$	15,615	$	-	
Pest Control	$	780	$	585	$	585	$	-	
Janitorial Services	$	45,000	$	33,750	$	16,320	$	17,430	
Subtotal Contract Services	$	667,792	$	500,244	$	273,275	$	226,970	

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Repairs & Maintenance					
Landscape Replacement	$	25,000	$	18,750	$	1,069	$	17,681	
Irrigation Repairs	$	3,000	$	2,250	$	1,250	$	1,000	
Stormwater Inspections	$	14,400	$	10,800	$	-	$	10,800	
General Repairs & Maintenance	$	10,000	$	7,500	$	3,487	$	4,013	
Road & Sidewalk Maintenance	$	3,000	$	2,250	$	-	$	2,250	
Signage	$	1,500	$	1,125	$	-	$	1,125	
Walls - Repair/Cleaning	$	1,500	$	1,125	$	-	$	1,125	
Fencing	$	250	$	188	$	-	$	188	
Subtotal Repairs & Maintenance	$	58,650	$	43,988	$	5,806	$	38,181	

Utilities					
Pool - Electric	$	19,000	$	14,250	$	12,268	$	1,982	
Pool - Water	$	6,500	$	4,875	$	5,934	$	(1,059)	
Electric	$	5,000	$	3,750	$	123	$	3,627	
Water & Sewer	$	54,500	$	40,875	$	10,340	$	30,535	
Streetlights	$	150,000	$	112,500	$	38,786	$	73,714	
Subtotal Utilities	$	235,000	$	176,250	$	67,451	$	108,799	

Amenities					
Property Insurance	$	25,000	$	25,000	$	23,054	$	1,946	
Pool Attendants	$	12,500	$	9,375	$	-	$	9,375	
Security Patrol	$	30,000	$	22,500	$	-	$	22,500	
Pool Repairs & Maintenance	$	15,000	$	11,250	$	19,260	$	(8,010)	
Pool Permits	$	325	$	325	$	325	$	-	
Access Cards & Equipment Supplies	$	2,390	$	2,390	$	5,144	$	(2,754)	
Fire Alarm & Security Monitoring	$	1,000	$	750	$	280	$	470	
Fire Alarm & Security Monitoring Repairs	$	2,000	$	1,500	$	-	$	1,500	
Fire Extinguisher Inspections	$	100	$	100	$	85	$	15	
Amenity Signage	$	2,000	$	1,500	$	1,165	$	335	
Repairs & Maintenance	$	17,500	$	13,125	$	12,980	$	145	
Office Supplies	$	1,500	$	1,125	$	120	$	1,005	
Operating Supplies	$	5,000	$	3,750	$	4,357	$	(607)	
Special Events	$	15,000	$	11,250	$	14,507	$	(3,257)	
Termite Bond	$	300	$	225	$	-	$	225	
Holiday Décor	$	12,500	$	5,100	$	5,100	$	-	
Subtotal Amenities	$	142,115	$	109,265	$	86,378	$	22,887	

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Other					
Contingency	$	25,000	$	18,750	$	879	$	17,871	
Subtotal Other	$	25,000	$	18,750	$	879	$	17,871	
					
Total Operations & Maintenance	$	1,128,557	$	848,497	$	433,788	$	414,709	
					
Total Expenditures	$	1,272,609	$	956,845	$	529,948	$	426,897	
					
Excess (Deficiency) of Revenues over Expenditures	$	15,262		$	539,278		

Other Financing Sources/(Uses)

Transfer In/(Out) - Capital Reserve	

$	(15,262)	

$	-	

$	-	

$	-	
Total Other Financing Sources/(Uses)	$	(15,262)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	0		$	539,278		
					
Fund Balance - Beginning	$	-		$	9,549		
					
Fund Balance - Ending	$	0		$	548,827		

Revenues					
Special Assessments	$	137,458	$	137,458	$	137,971	$	513	
Interest Income	$	-	$	-	$	6	$	6	
Total Revenues	$	137,458	$	137,458	$	137,977	$	519	

Expenditures:					
Interest Payment - 11/01	$	48,948	$	48,948	$	48,948	$	-	
Principal Payment - 5/01	$	40,000	$	40,000	$	40,000	$	-	
Interest Payment - 5/01	$	48,948	$	48,948	$	48,948	$	-	
Total Expenditures	$	137,895	$	137,895	$	137,895	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(437)		$	82		
					
Fund Balance - Beginning	$	67,273		$	137,318		
					
Fund Balance - Ending	$	66,836		$	137,400		

Revenues					
Special Assessments	$	144,764	$	144,764	$	145,309	$	545	
Interest Income	$	-	$	-	$	6	$	6	
Total Revenues	$	144,764	$	144,764	$	145,315	$	551	

Expenditures:					
Interest Payment - 11/01	$	45,022	$	45,022	$	45,022	$	-	
Principal Payment - 5/01	$	55,000	$	55,000	$	55,000	$	-	
Interest Payment - 5/01	$	45,022	$	45,022	$	45,022	$	-	
Total Expenditures	$	145,044	$	145,044	$	145,044	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(280)		$	271		
					
Fund Balance - Beginning	$	45,024		$	117,406		
					
Fund Balance - Ending	$	44,744		$	117,677		

Revenues					
Assessments - Direct Bill	$	150,700	$	150,700	$	150,701	$	1	
Interest Income	$	-	$	-	$	5	$	5	
Total Revenues	$	150,700	$	150,700	$	150,706	$	6	

Expenditures:					
Interest Payment - 11/01	$	48,030	$	48,030	$	48,030	$	-	
Principal Payment - 5/01	$	55,000	$	55,000	$	55,000	$	-	
Interest Payment - 5/01	$	48,030	$	48,030	$	48,030	$	-	
Total Expenditures	$	151,060	$	151,060	$	151,060	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(360)		$	(354)		
					
Fund Balance - Beginning	$	48,031		$	123,383		
					
Fund Balance - Ending	$	47,671		$	123,028		
Tohoqua
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2022

Series	Series	Series		
2018	2021 Phase 2	2021 Phase 4A/5A	Total	

Revenues

Interest	

$	0	

$	59	

$	50	

$	110	
Total Revenues	$	0	$	59	$	50	$	110	

Expenditures:

Capital Outlay	

$	-	

$	1,579,267	

$	1,676,726	

$	3,255,993	
Total Expenditures	$	-	$	1,579,267	$	1,676,726	$	3,255,993	
					
Excess (Deficiency) of Revenues over Expenditures	$	0	$	(1,579,207)	$	(1,676,676)	$	(3,255,883)	
					
Fund Balance - Beginning	$	12,649	$	1,579,680	$	1,676,685	$	3,269,014	
					
Fund Balance - Ending	$	12,649	$	473	$	9	$	13,131	

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Revenues													
Developer Contributions	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,280	$	-  $	-  $	-  $	3,280			
Assessments - Tax Collector	$	-	$	6,196	$	333,308	$	4,504	$	35,130	$	1,396	$	7,753	$	-	$	769	$	-  $	-  $	-  $	389,056			
Assessments - Direct	$	88,884	$	122,028	$	-	$	167,593	$	61,014	$	-	$	61,014	$	83,796	$	83,796	$	-  $	-  $	-  $	668,125			
Special Events Revenue	$	1,930	$	500	$	20	$	1,280	$	850	$	-	$	3,425	$	-	$	760	$	-  $	-  $	-  $	8,765			
Total Revenues	$	90,814	$	128,724	$	333,328	$	173,377	$	96,994	$	1,396	$	72,192	$	83,796	$	88,605	$	-  $	-  $	-  $  1,069,226			

Expenditures													
General & Administrative:													
Supervisor Fees	$	-	$	600	$	-	$	-	$	800	$	800	$	600	$	-	$	600	$	-  $	-  $	-  $	3,400			
FICA Expense	$	-	$	46	$	-	$	-	$	61	$	61	$	46	$	-	$	46	$	-  $	-  $	-  $	260			
Engineering	$	-	$	105	$	-	$	-	$	394	$	2,851	$	2,404	$	3,312	$	-	$	-  $	-  $	-  $	9,065			
Attorney	$	1,329	$	613	$	2,907	$	369	$	1,457	$	1,621	$	1,338	$	8,331	$	1,725	$	-  $	-  $	-  $	19,689			
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,500	$	-	$	-  $	-  $	-  $	5,500			
Assessment Administration	$	7,500	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	7,500			
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	900	$	-	$	-	$	-	$	-  $	-  $	-  $	900			
Dissemination	$	833	$	833	$	833	$	833	$	833	$	833	$	833	$	833	$	833	$	-  $	-  $	-  $	7,500			
Trustee Fees	$	1,549	$	-	$	-	$	-	$	-	$	2,168	$	-	$	-	$	-	$	-  $	-  $	-  $	3,717			
Management Fees	$	3,094	$	3,094	$	3,094	$	3,094	$	3,094	$	3,094	$	3,094	$	3,094	$	3,094	$	-  $	-  $	-  $	27,849			
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350			
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900			
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Postage	$	14	$	3	$	7	$	7	$	5	$	13	$	40	$	12	$	12	$	-  $	-  $	-  $	114			
Insurance	$	5,570	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,570			
Printing & Binding	$	99	$	54	$	337	$	56	$	51	$	90	$	263	$	145	$	291	$	-  $	-  $	-  $	1,386			
Legal Advertising	$	168	$	-	$	-	$	-	$	-	$	-	$	21	$	-	$	-	$	-  $	-  $	-  $	189			
Other Current Charges	$	176	$	129	$	39	$	39	$	64	$	377	$	135	$	64	$	39	$	-  $	-  $	-  $	1,060			
Office Supplies	$	16	$	0	$	15	$	0	$	0	$	1	$	1	$	1	$	1	$	-  $	-  $	-  $	35			
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175			
Total General & Administrative:	$	20,772	$	5,728	$	7,483	$	4,648	$	7,011	$	13,060	$	9,024	$	21,542	$	6,892	$	-  $	-  $	-  $	96,160			

Operations & Maintenance													
Contract Services													
Field Management	$	1,717	$	1,717	$	1,717	$	1,717	$	1,717	$	1,717	$	1,717	$	1,717	$	1,717	$	-  $	-  $	-  $	15,450			
Amenities Management	$	3,090	$	3,090	$	3,090	$	3,090	$	3,090	$	3,090	$	3,090	$	3,090	$	3,090	$	-  $	-  $	-  $	27,810			
Landscape Maintenance	$	17,545	$	17,545	$	21,488	$	17,545	$	20,430	$	24,315	$	21,430	$	21,430	$	19,686	$	-  $	-  $	-  $	181,414			
Lake Maintenance	$	450	$	450	$	450	$	1,530	$	680	$	680	$	680	$	680	$	680	$	-  $	-  $	-  $	6,280			
Wetland Maintenance	$	-	$	1,600	$	-	$	-	$	1,600	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	3,200			
Wetland Mitigation Reporting	$	-	$	-	$	-	$	3,000	$	3,600	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	6,600			
Pool Maintenance	$	1,735	$	1,735	$	1,735	$	1,735	$	1,735	$	1,735	$	1,735	$	1,735	$	1,735	$	-  $	-  $	-  $	15,615			
Pest Control	$	65	$	65	$	65	$	65	$	65	$	65	$	65	$	65	$	65	$	-  $	-  $	-  $	585			
Janitorial Services	$	2,080	$	2,400	$	2,080	$	1,920	$	1,920	$	2,080	$	1,920	$	1,920	$	-	$	-  $	-  $	-  $	16,320			
Subtotal Contract Services	$	26,682	$	28,602	$	30,624	$	30,602	$	34,837	$	33,682	$	30,637	$	30,637	$	26,973	$	-  $	-  $	-  $	273,275			

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Repairs & Maintenance
Landscape Replacement	

$	-	

$	-	

$	-	

$	1,069	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	1,069			
Irrigation Repairs	$	-	$	-	$	-	$	1,250	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	1,250			
Stormwater Inspections	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
General Repairs & Maintenance	$	-	$	753	$	-	$	1,107	$	-	$	649	$	840	$	-	$	139	$	-  $	-  $	-  $	3,487			
Road & Sidewalk Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Signage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Walls - Repair/Cleaning	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Fencing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Subtotal Repairs & Maintenance	$	-	$	753	$	-	$	3,426	$	-	$	649	$	840	$	-	$	139	$	-  $	-  $	-  $	5,806			

Utilities
Pool - Electric	

$	-	

$	1,599	

$	1,569	

$	2,958	

$	-	

$	3,055	

$	-	

$	3,087	

$	-	

$	-  $	-  $	-  $	12,268			
Pool - Water	$	623	$	467	$	628	$	671	$	726	$	784	$	660	$	694	$	681	$	-  $	-  $	-  $	5,934			
Electric	$	-	$	14	$	13	$	33	$	-	$	37	$	-	$	26	$	-	$	-  $	-  $	-  $	123			
Water & Sewer	$	2,737	$	321	$	2,023	$	1,089	$	293	$	329	$	1,308	$	1,123	$	1,117	$	-  $	-  $	-  $	10,340			
Streetlights	$	-	$	3,415	$	4,176	$	9,758	$	-	$	10,762	$	-	$	10,675	$	-	$	-  $	-  $	-  $	38,786			
Subtotal Utilities	$	3,360	$	5,816	$	8,409	$	14,510	$	1,019	$	14,966	$	1,968	$	15,605	$	1,798	$	-  $	-  $	-  $	67,451			

Amenities
Property Insurance	

$	23,054	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	23,054			
Pool Attendants	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Security Patrol	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Pool Repairs & Maintenance	$	857	$	1,055	$	1,265	$	1,104	$	2,071	$	2,177	$	3,033	$	3,772	$	3,927	$	-  $	-  $	-  $	19,260			
Pool Permits	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	325	$	-  $	-  $	-  $	325			
Access Cards & Equipment Supplies	$	-	$	-	$	-	$	-	$	-	$	5,144	$	-	$	-	$	-	$	-  $	-  $	-  $	5,144			
Fire Alarm & Security Monitoring	$	70	$	35	$	35	$	35	$	35	$	35	$	-	$	35	$	-	$	-  $	-  $	-  $	280			
Fire Alarm & Security Monitoring Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Fire Extinguisher Inspections	$	-	$	-	$	-	$	85	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	85			
Amenity Signage	$	12	$	696	$	-	$	-	$	175	$	-	$	267	$	15	$	-	$	-  $	-  $	-  $	1,165			
Repairs & Maintenance	$	2,187	$	1,250	$	1,250	$	1,650	$	1,250	$	1,250	$	1,250	$	1,620	$	1,272	$	-  $	-  $	-  $	12,980			
Office Supplies	$	100	$	20	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	120			
Operating Supplies	$	556	$	-	$	-	$	430	$	1,274	$	-	$	1,268	$	491	$	338	$	-  $	-  $	-  $	4,357			
Special Events	$	1,258	$	202	$	7,048	$	-	$	-	$	1,261	$	163	$	3,732	$	841	$	-  $	-  $	-  $	14,507			
Termite Bond	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Holiday Décor	$	5,100	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,100			
Subtotal Amenities	$	33,194	$	3,259	$	9,598	$	3,304	$	4,805	$	9,867	$	5,981	$	9,666	$	6,703	$	-  $	-  $	-  $	86,378			

Other
Contingency	

$	-	

$	-	

$	-	

$	-	

$	562	

$	-	

$	252	

$	65	

$	-	

$	-  $	-  $	-  $	879			
Subtotal Other	$	-	$	-	$	-	$	-	$	562	$	-	$	252	$	65	$	-	$	-  $	-  $	-  $	879			
													
Total Operations & Maintenance	$	63,236	$	38,429	$	48,631	$	51,841	$	41,223	$	59,164	$	39,678	$	55,973	$	35,613	$	-  $	-  $	-  $	433,788			
													
Total Expenditures	$	84,008	$	44,157	$	56,114	$	56,489	$	48,234	$	72,224	$	48,702	$	77,515	$	42,504	$	-  $	-  $	-  $	529,948			
													
Excess (Deficiency) of Revenues over Expenditures	$	6,806	$	84,566	$	277,214	$	116,888	$	48,761	$	(70,829)	$	23,490	$	6,281	$	46,101	$	-  $	-  $	-  $	539,278			

Other Financing Sources/(Uses)													
Transfer In/(Out) - Capital Reserve	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-			
													
Net Change in Fund Balance	$	6,806	$	84,566	$	277,214	$	116,888	$	48,761	$	(70,829)	$	23,490	$	6,281	$	46,101	$	-  $	-  $	-  $	539,278			
Tohoqua
Community Development District Long Term Debt Report

Series 2018, Special Assessment Revenue Bonds		
Interest Rates:	4.7%,4.8%		
Maturity Date:	5/1/2048		
Reserve Fund Definition	50% of Maximum Annual Debt Service		
Reserve Fund Requirement	$69,039		
Reserve Fund Balance	$69,039		
Bonds Outstanding - 2/8/18	$2,165,000		
Less: Principal Payment - 5/1/19	($35,000)		
Less: Principal Payment - 5/1/20	($35,000)		
Less: Principal Payment - 5/1/21	($35,000)		
Less: Principal Payment - 5/1/22	($40,000)		
Current Bonds Outstanding	$2,020,000	

Series 2021 Phase 2, Special Assessment Revenue Bonds		
Interest Rates:	2.375%, 2.875%, 3.375%, 4.000%	
Maturity Date:	5/1/2051	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$72,381	
Reserve Fund Balance	$72,381	
Bonds Outstanding - 3/5/21	$2,580,000	
Less: Principal Payment - 5/1/22	($55,000)	
Current Bonds Outstanding	$2,525,000	

Series 2021Phase 4A/5A, Special Assessment Revenue Bonds		
Interest Rates:	2.500%, 3.125%, 3.600%, 4.000%%	
Maturity Date:	5/1/2051	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$75,350	
Reserve Fund Balance	$75,350	
Bonds Outstanding - 3/19/21	$2,660,000	
Less: Principal Payment - 5/1/22	($55,000)	
Current Bonds Outstanding	$2,605,000	
Tohoqua
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2022

Gross Assessments	$  412,340.00	$  146,228.39	$  154,005.37	$  712,573.76	
Net Assessments	$  387,599.60	$  137,454.69	$  144,765.05	$  669,819.33	

ON ROLL ASSESSMENTS
57.87%	20.52%	21.61%	100.00%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
General Fund	Series 2018 Debt Service	Series 2021 - LN Ph2	
Total	

11/22/21	
ACH	
$11,380.76	
($455.24)	
($218.51)	
$0.00	
$10,707.01	
$6,195.75	
$2,197.20	
$2,314.06	
$10,707.01	
12/08/21	ACH	$561,941.86	($22,477.95)	($10,789.28)	$0.00	$528,674.63	$305,924.39	$108,490.16	$114,260.08	$528,674.63	
12/22/21	ACH	$50,300.23	($2,012.06)	($965.76)	$0.00	$47,322.41	$27,383.72	$9,711.11	$10,227.58	$47,322.41	
01/10/22	ACH	$8,188.76	($245.65)	($158.86)	$0.00	$7,784.25	$4,504.45	$1,597.42	$1,682.38	$7,784.25	
02/10/22	ACH	$63,288.83	($1,313.36)	($1,265.78)	$0.00	$60,709.69	$35,130.45	$12,458.33	$13,120.91	$60,709.69	
03/10/22	ACH	$2,486.00	($24.36)	($49.72)	$0.00	$2,411.92	$1,395.69	$494.95	$521.28	$2,411.92	
04/08/22	ACH	$13,670.82	$0.00	($273.42)	$0.00	$13,397.40	$7,752.58	$2,749.30	$2,895.52	$13,397.40	
06/17/22	ACH	$1,355.99	$0.00	($27.12)	$0.00	$1,328.87	$768.97	$272.70	$287.20	$1,328.87	
	TOTAL	$  712,613.25	$  (26,528.62)	$  (13,748.45)	$	-	$  672,336.18	$  389,056.00	$  137,971.17	$  145,309.01	$  672,336.18	

DIRECT BILL ASSESSMENTS

Tohoqua Development Group, LLC 2022-01		
Net Assessments	
$88,883.78	
$88,883.78		
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	
10/4/21	10/1/21	Wire	$88,883.78	$88,883.78	$88,883.78	
			$	88,883.78	$	88,883.78	$	88,883.78	

Pulte Home Company, LLC 2022-02		
Net Assessments	
$394,756.77	
$244,055.96	
$150,700.81		
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	Series 2021-PT
Ph4/5 Debt	
11/22/21	12/1/21	95008502	$197,378.39	$197,378.39	$122,027.98	$75,350.41	
2/22/22	2/1/22	95010223	$98,689.19	$98,689.19	$61,013.99	$37,675.20	
4/28/22	5/1/22	95011535	$98,689.19	$98,689.19	$61,013.99	$37,675.20	
			$  394,756.77	$  394,756.77	$  244,055.96	$  150,700.81	

Lennar Homes, LLC 2022-03			
Net Assessments	
$335,185.20	
$335,185.20	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	
1/21/22	11/1/21	1726696	$167,592.60	$167,592.60	$167,592.60	
5/10/22	2/1/22	1798217	$83,796.30	$83,796.30	$83,796.30	
6/24/22	5/1/22	1821111	$83,796.30	$83,796.30	$83,796.30	
			$  335,185.20	$  335,185.20	$  335,185.20	

!!"#$%&  3

MARY JAN.E ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

OECEIVEh­
APR 2 1 2022	CJ
BY·	·-
April 19, 2022

Ms. Cari Urrutic Recording Secretary
Tohoqua Community Development District 219 E. Livingston St.
Orlando, FL 32801

RE:	Tohoqua Community Development District - Registered Voters Dear Ms. Urrutic:
Thank you for your letter of April 15, 2022, requesting confirmation of the number of registered voters within the Tohoqua Community Development District as of April 15, 2022.

The number of registered voters within the Tohoqua COD is 455 as of April 15, 2022. If I can be of further assistance, please contact me at 407.742.6000.
Respectfully yours,

Mary Jane Arrington Supervisor of Elections

2509 East Irlo Bronson Hwy. • Kissimn1ee, FL 34744 407.742.6000 • Fax: 407.742.6001 • www.voteosceola.com

!!"#$%&  4

TOHOQUA RESIDENTS’ CLUB

AUGUST 1, 2022
June & July 2022:

FACILITY REPORT:
The facilities are up and running smoothly.
We continue to issue access cards and giving new homeowners the welcome package
and orientation.
Maintenance is performed weekly.
New bike rack was installed by the central park’s playground.
Clubhouse Rentals in July: 2
June Events Recap:
Summer Spaghetti Feast - 41 residents participated.
Father’s Day Continental Breakfast & Crafts - 44 residents participated (20 children / 24 adults)
Food Truck Social: Asian Bros sold 58 orders.
July’s Events Recap:
Independence Day Celebration - live band performed and cookies and cupcakes were
distributed to the residents in the pool. Grandma’s BBQ Food Truck sold 43 orders.
Summer Kids Paint Party - 12 children participated.
Food Truck Social: Cancelled due to inclement weather.
Summer Mexican Feast - Will be reported during the meeting.

Events Scheduled for August:
Back to School Bubble Party: Thursday, August 4th
Food Truck Social: Tuesday, August 16th

Pool Usage per Family	Gym Usage
Tohoqua Residents Club Usage Report
International Dog Day: Friday, August 26th
1100

825

550

275

0
May 2022	June 2022	July 2022

Father’s Day Continental Breakfast & Crafts

Events in July
Independence Day Celebration

Summer Kids Paint Party