Poitras East Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900 http://poitraseastcdd.com/

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Poitras East Community Development District (“District”), scheduled to be held at 4:00 p.m. on Tuesday, April 15, 2025, at 6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via the computer or the conference line:

Phone: 1-844-621-3956    Computer: pfmcdd.webex.com	Participant Code: 2531 126 0013#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm Quorum
Public Comment Period
Consideration of the Minutes of the February 18, 2025, Board of Supervisors’ Meeting
(provided under separate cover)
Consideration of Julie Salvo’s Resignation and Nominations for Seat 3 Vacancy

Business Matters
Consideration of Second Amendment to Website Services Agreement
Consideration of RFP for Underwriting Services (provided under separate cover)
Review and Acceptance of the Fiscal Year 2024 Audit
Review of Fiscal Year 2026 Operations & Maintenance Budget (provided under separate cover)
Request to Advertise for RFQ to Prequalified Contractors for District Infrastructure Projects
(provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in February 2025 in an amount totaling $15,329.13
Ratification of Operation and Maintenance Expenditures Paid in March 2025 in an amount totaling $30,336.53 (provided under separate cover)
Ratification of Requisition Nos. 2020-383 – 2020-389 Paid in February 2025 in an amount totaling $467,776.37
Ratification of Requisition Nos. 2020-390 – 2020-395 Paid in March 2025 in an amount totaling $631,326.28 (provided under separate cover)
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD
Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor

Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

Minutes of the February 18, 2025, Board of Supervisors’ Meeting
(provided under separate cover)

Julie Salvo’s Resignation
and Nominations for Seat 1 Vacancy

March 3, 2025

To Whom It May Concern:
I, Julie Salvo, will no longer be able to serve as a Board Member for the Poitras East Community Development District Board of Supervisors. Please accept this letter as my official resignation effective as of the date of this letter.

Sincerely,
Julie C. Salvo

Second Amendment to Website Services Agreement

SECOND AMENDMENT TO AGREEMENT BETWEEN THE POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT AND NEWAGETUTORS LLC, D/B/A VGLOBALTECH, FOR TECHNICAL AND HUMAN WEBSITE AUDITING SERVICES
This Second Amendment is made and entered into as of the    day of 	 2025, by and between:

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, with a mailing address of 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817 (the “District”), and

NEWAGETUTORS LLC, D/B/A VGLOBALTECH, a Florida limited liability company, with a mailing address of 636 Fanning Drive, Winter Springs, Florida 32708 (hereinafter “Contractor,” together with District the “Parties”).

Recitals

Whereas, the District is a special-purpose unit of local government established pursuant to and governed by Chapter 190, Florida Statutes;

WHEREAS, the District previously entered into that certain Agreement between the Poitras East Community Development District and NewAgeTutors LLC, d/b/a VGlobalTech, for Technical and Human Website Auditing Services, dated September 17, 2019, as amended by that certain First Amendment dated May 19, 2020 (together, the “Agreement”);
WHEREAS, pursuant to Section 10.M. of the Agreement, the parties desire to amend the Agreement to provide for an increase in compensation by and through this Second Amendment to the Agreement (“Second Amendment”); and
Whereas, the Parties warrant and agree that they have all right, power and authority to enter into and be bound by this Second Amendment.
Now Therefore, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows:

SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Second Amendment.
SECTION 2.  As compensation for the services identified in Contractor’s Estimate attached hereto and incorporated by reference herein as Exhibit A, District agrees to pay Contractor One Hundred Forty-Five Dollars ($145.00) per month, pursuant to the terms of the Agreement.

Section 3.	Except as specifically amended above, the Agreement shall remain in full force and effect, unaltered by this Second Amendment.
In Witness Whereof, the parties hereto have signed this Second Amendment on the day and year first written above.

Attest:	Poitras East Community Development District

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

NewAgeTutors LLC, d/b/a VGlobalTech

By: 	
Witness	Print: 	 Its: 	

Print Name of Witness

Exhibit A:	Contractor’s Estimate

EXHIBIT A

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Estima e
ADDRESS
Paik a$ Ea$t C DD
3501 Quadr an,gle Boulevaid,
&.1118 270
0.ilanoo, R.	3:2817 USA

IESTIMATEit 1066
DATE 03!20/2025

DATE		
	Web M'afnllllllnaa:ADA w.blh	145.00	145.00	
	Mulllnllll(lll			
	On.going mcn1hly wab$.i1e
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	d'ie(t(!,, do::: ment ODlflllat$iOll'I$.			
	Emall:Emd Host1111111, box Mlllag1111111111.& MuilbJ.NIIIQII bMail i;arup, 1nl'.IO.ll i;arup.and
ma·n1ell'latn0e. am	f 1a1t!,, Villi$ ('tia(t(!,, all'd'i111a1of .am.ai$.	0.00	0.00	
	&Jpport fat (tent$ • ln::totl.ad			

c,..,;,;1pni:,; .;..:, O be!• 0021::<11:liS I mamn
9  pno. wam =b"'' 2025: $145 I mariillll

TOTAL	$1I45.·.0. 0

Aoc,ept,a d Da11a1

RFP for Underwriting Services
(provided under separate cover)

Fiscal Year 2024 Audit

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT
ORLANDO, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA

TABLE OF CONTENTS

Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
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 Financial Statements	

7
8

9

10

11

12
13-22	
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund
Notes to Required Supplementary Information	

23
24	
OTHER INFORMATION
Data Elements required by FL Statute 218.39 (3) (c)	
25	
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	

26-27	
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	

28	
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
29-30	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Poitras East Community Development District Orlando, Florida

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

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

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c), but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated February 27, 2025, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

February 27, 2025

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Poitras East Community Development District, Orlando, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2024. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($20,424,822).

The change in the District’s total net position in comparison with the prior fiscal year was ($16,727,295), 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, 2024, the District’s governmental funds reported a combined ending fund balance of $2,184,712, an increase of $997,945 in comparison with the prior fiscal year. A portion of the fund balance is non-spendable for prepaid items, restricted for debt service and assigned for subsequent year’s expenditures. The remainder is unassigned fund balance of $579,853 in the general fund which is available for spending at the District’s discretion, and a deficit unassigned fund balance of ($330,737) in the capital projects fund.
OVERVIEW OF FINANCIAL STATEMENTS

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

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

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

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

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

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

Fund 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 outflow of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

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

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, 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 government-wide and fund financial statements.
GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.
Key components of the District’s net position are reflected in the following table:

NET POSITION
SEPTEMBER 30,	
		    2024		2023 (Restated)	
Assets, excluding capital assets	$	2,734,971	$	1,838,717	
Capital assets, net of depreciation		   22,028,921			37,645,833 	
Total assets		   24,763,892			39,484,550 	
Liabilities, excluding long-term liabilities		1,050,400		1,397,266	
Long-term liabilities		   44,138,314			41,784,811 	
Total liabilities		   45,188,714			43,182,077 	
Net position					
Net investment in capital assets		(22,440,130)		(4,727,483)	
Restricted for debt service		1,327,459		644,716	
Unrestricted		    687,849			385,240 	
Total net position	 $ 	(20,424,822) 	$ 	(3,697,527)	

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.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used.
The District’s net position decreased during the most recent fiscal year. The majority of the decrease is attributed to the conveyance of completed infrastructure to other entities for maintenance and ownership responsibilities.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2024	2023 (Restated)

Revenues:
Program revenues:
Charges for services	$	2,767,305	$	821,510	
Operating grants and contributions	69,781	28,579	
Capital grants and contributions	3,131,338	2,562,223	
General revenues:
Unrestricted interest earnings	
30,973	
2,198	
Miscellaneous	293	339,365	
Total revenues	5,999,690	3,753,875	
Expenses:			
General government	129,397	135,011	
Maintenance and operations	331,971	118,903	
Conveyance of assets	20,974,363	1,071,850	
Interest	1,291,254	1,025,102	
Cost of Issuance	-	640,791	
Total expenses	22,726,985	2,991,657	
Change in net position	(16,727,295)	762,218	
Net position - beginning, as restated	(3,697,527)	(4,459,745)	
Net position - ending	$ (20,424,822) $	(3,697,527)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024, was $22,726,985. The costs of the District’s activities were primarily funded by program revenues comprised primarily of assessments and Developer contributions. The remainder of the current fiscal year revenue includes interest revenue. The majority of the increase in program revenues is the result of the receipt of non-cash contributions from the Developer in the form of infrastructure conveyed to the District. Additionally, assessments increased from the prior year. The increase in current fiscal year expenses is mostly due to conveyances of completed infrastructure to other entities. Additional information related to Developer contributions and the District’s capital assets is reflected in the notes to the financial statements.

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. The general fund budget for the fiscal year ended September 30, 2024 was amended to increase revenues by $1,416 and increase appropriations by $32,389. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.
CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2024, the District had $22,057,623 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $28,702 has been taken, which resulted in a net book value of $22,028,921. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2024, the District had $3,807,599 in Bond Anticipation Notes (BAN) outstanding for its governmental activities. During the current fiscal year, the District made additional draws on the BAN of
$2,769,298. At September 30, 2024, the District also had one promissory notes in the amount of
$16,213,464 that was issued in the prior fiscal year for its governmental activities. At September 30, 2024, the District had $24,235,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

It is anticipated that the construction of infrastructure and general operations and maintenance of the District will increase as the District is being built out.
CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Poitras East Community Development District’s Finance Department at 3501 Quadrangle Blvd., Suite 270, Orlando, Florida, 32817.

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2024

	Governmental
	Activities		
ASSETS		
Cash	$	694,998	
Due from Developer	150,143	
Interest receivable	6,398	
Prepaid items	35,389	
Restricted assets: Cash	
52,785	
Investments	1,795,258	
Capital assets:		
Nondepreciable	21,763,183	
Depreciable, net		265,738 	
Total assets		24,763,892 	
LIABILITIES		
Accounts payable and accrued expenses	439,645	
Retainage payable	110,614	
Accrued interest payable	500,141	
Non-current liabilities:		
Due within one year	4,237,599	
Due in more than one year		39,900,715 	
Total liabilities		45,188,714 	
NET POSITION		
Net investment in capital assets	(22,440,130)	
Restricted for debt service	1,327,459	
Unrestricted		687,849 	
Total net position	 $	(20,424,822) 	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT	
ORLANDO, FLORIDA	
STATEMENT OF ACTIVITIES	
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024	
Net (Expense)	
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	$	129,397	$	129,397	$	-	$	-	$	-	
Maintenance and operations	331,971	594,176	-	3,131,338	3,393,543	
Interest on long-term debt	1,291,254	2,043,732	69,781	-	822,259	
Conveyance of infrastructure	20,974,363	-	-	-	(20,974,363)	
Total governmental activities	22,726,985	2,767,305	69,781	3,131,338	(16,758,561)	

General revenues:
Investment earnings	30,973	
Miscellaneous		293 	
Total general revenues		31,266 	
Change in net position	(16,727,295)	
Net position - beginning (restated)		(3,697,527) 	
Net position - ending	 $	(20,424,822) 	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT	
ORLANDO, FLORIDA	
BALANCE SHEET	
GOVERNMENTAL FUNDS	
SEPTEMBER 30, 2024	
			
          Major Funds			
Total	
			Debt	Capital	Governmental	
	General	Service	Projects	Funds	
ASSETS						
Cash	$	694,998	52,785	$	-	$	747,783	
Investment		-	1,768,518	26,740	1,795,258	
Due from Developer		-	-	150,143	150,143	
Interest receivable		-	6,297	101	6,398	
Prepaid items		25,029	-	10,360	35,389	
Total assets	$	720,027	$ 1,827,600	$	187,344	$	2,734,971	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	32,178	$	-	$	407,467	$	439,645	
Retainage Payable	-	-	110,614	110,614	
Total liabilities	32,178	-	518,081	550,259	

Fund balances:								
Nonspendable:								
Prepaid items		25,029	-		-		25,029	
Restricted for:								
Debt service		-	1,827,600		-		1,827,600	
Assigned to:								
Subsequent year's expenditures		82,967	-		-		82,967	
Unassigned		579,853	-		(330,737)		249,116	
Total fund balances		687,849	1,827,600		(330,737)		2,184,712	
Total liabilities and fund balances	$	720,027	$ 1,827,600	$	187,344	$	2,734,971	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2024	
Fund balance - governmental funds	$	2,184,712	
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	

22,057,623
	(28,702) 	

22,028,921	
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable Promissory notes payable
Bond & bond anticipation note payable	

(500,141)
(16,213,464)
 (27,924,850)		

(44,638,455) 	
Net position of governmental activities	 $		(20,424,822) 	

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024
	Major Funds		Total
Debt		Capital	Governmental General	Service	Projects		Funds
REVENUES		
Assessments	$	723,573	$ 2,043,732	$	-	$ 2,767,305	
Miscellaneous revenue	293	-	-	293	
Interest income	30,973	69,781	1,338	102,092	
Total revenues	754,839	2,113,513	1,338	2,869,690	

EXPENDITURES
Current:
General government	127,666	-	1,731	129,397	
Maintenance and operations	324,564	-	-	324,564	
Debt service:
Principal	
-	
420,000	
-	
420,000	
Interest	-	1,532,224	-	1,532,224	
Capital outlay	-	-	2,234,858	2,234,858	
Total expenditures	452,230	1,952,224	2,236,589	4,641,043	

Excess (deficiency) of revenues
over (under) expenditures	302,609	

161,289	

(2,235,251)	

(1,771,353)	

OTHER FINANCING SOURCES (USES)
Bond anticipation note proceeds	

-	

276,279	

2,493,019	

2,769,298	
Total other financing sources (uses)	-	276,279	2,493,019	2,769,298	

Net change in fund balances	
302,609	
437,568	
257,768	
997,945	
Fund balances - beginning	385,240	1,390,032	(588,505)	1,186,767	

Fund balances - ending	
$	687,849	
$ 1,827,600	
$	(330,737)	
$ 2,184,712	

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, 2024
Net change in fund balances - total governmental funds	$	997,945 Amounts reported for governmental activities in the statement of
activities are different because:
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.	2,234,858

Governmental funds report the face amount of Bonds issued as financial resources when 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.	(2,769,298)
Depreciation on capital assets is not recognized in the governmental fund financial statements but is reported as an expense in the statement
of activities.	(7,407)
Conveyances of infrastructure improvements to other governments of previously capitalized capital assets is recorded as an expense in the
statement of activities.	(20,974,363)
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements but such repayments reduce liabilities in the statement of net position and are eliminated in the
statement of activities.	420,000

The statement of activities reports noncash contributions as revenues, but these revenues are not reported in the governmental fund financial
statements.	3,130,000
Amortization of original issue discount is not recognized in the governmental fund statement, but is reported as an expense in the
statement of activities.	(4,205)
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities
but not in the fund financial statements.		245,175 
Change in net position of governmental activities	 $	(16,727,295) 

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
Poitras East Community Development District ("District") was created on July 9, 2018 by Ordinance 2018- 38 of the City of Orlando, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2024, the majority of the Board members are affiliated with TDCP, LLC, (Developer).

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

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating- type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

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

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

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

The District reports the following major governmental funds:

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

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.
Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

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

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

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

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

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

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years
Improvements other than buildings	25-40

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

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

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

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

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, except for money market accounts in the rusts accounts in the debt service fund. 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.

The District’s investments were held as follows at September 30, 2024:

  Amortized cost	Credit Risk	Maturities	

U.S. Bank Mmkt 5 - Ct	 $	1,795,258 	N/A	N/A	
Total Investments	 $	1,795,258 			

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

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.
Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

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

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – CAPITAL ASSETS									
Capital asset activity for the fiscal year ended September 30, 2024 was as follows:	
		Beginning Balance	
Additions	
Reductions		Ending Balance	
Governmental activities									
Capital assets, not being depreciated									
Infrastructure under construction	$	37,372,688	$	5,364,858	$	20,974,363	$	21,763,183	
Total capital assets, not being depreciated		37,372,688		5,364,858		20,974,363		21,763,183	

Capital assets, being depreciated									
Improvements other than buildings		294,440		-		-		294,440	
Total capital assets, being depreciated		294,440		-		-		294,440	

Less accumulated depreciation for:									
Improvements other than buildings		21,295		7,407		-		28,702	
Total accumulated depreciation		21,295		7,407		-		28,702	

Total capital assets, being depreciated, net		
273,145		
(7,407)		
-		
265,738	

Governmental activities capital assets, net	
$	
37,645,833	
$	
5,357,451	
$	
20,974,363	
$	
22,028,921	

The total projected cost of the capital improvement project (CIP) for the District has been estimated at approximately $53.8 million. The infrastructure will include major transportation roadway improvements, potable water and wastewater systems, storm water drainage system improvements, and recreational facilities. The initial phase of the CIP (the Series 2023 Project) is estimated to cost $38.9 million and primarily includes (a) the extension of Luminary Boulevard to its current terminus at the roundabout at Centerline Drive, (b) the segment of Centerline Drive extending north from the roundabout at Luminary Boulevard, (c) the extension of Selten Way south from Laureate Boulevard to Luminary Boulevard, and
(d) the extension of Pearson Avenue from Luminary Boulevard to Boggy Creek Road. Work on the Series 2023 Project is underway. The remainder of the Series 2023 Project not previously funded with proceeds of the Series 2020 BAN or funded with proceeds of the Series 2023 Bonds or a future Series of Bonds is anticipated to be funded with proceeds from the Master Developer. In addition, upon completion, certain improvements are to be conveyed to other governments for ownership and maintenance. During the current fiscal year, the District conveyed to others assets valued at approximately $20.9 million.
During the current fiscal year, the Developer conveyed to the District infrastructure valued at approximately 3.1 million.

NOTE 6 – LONG-TERM LIABILITIES
Bond Anticipation Notes, Series 2020
In July 2020, the District obtained a Bond Anticipation Draw Note in an amount not to exceed $25 million with a fixed interest rate of 4.25%. The note was issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is due semiannually on each May 1 and November 1 and also includes a .25% unused fee for that portion of the available funds not utilized at the end of the period. Principal on the Series 2020 was originally due December 31, 2024. During the current fiscal year, with the consent of the owner of the Note, the maturity date was extended to September 30, 2025.

Bond Anticipation Notes, Series 2020 (Continued)
During the current fiscal year, the District made draws on the Note totaling $2,769,298 and made no principal payment. See Note 13 – Subsequent Events for additional draws subsequent to fiscal year end.
The Note 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, 2024.

Promissory Notes
At September 30, 2024, The District had one promissory note to the Developer in exchange for acquisitions in accordance with an acquisition and advanced funding agreement dated September 10, 2020. The Note will be due and payable in one installment if the District, in its sole discretion, issues a future series of bonds or other indebtedness (the “Pledged Revenues”) the proceeds of which are legally available for the payment of such principal under the terms of the indenture, loan agreement, and other agreements applicable to the District’s receipt of such Pledged Revenues; provided however, that such payment is contingent upon a determination by the District’s bond counsel that the acquisition is properly compensable from the proceeds of the Pledged Revenues. See Note 13 – Subsequent Events for a revision to a promissory note subsequent to fiscal year end.

In prior years, the District had also issued promissory notes totaling $2,549,365 to the Developer in exchange for certain completed improvements. However, these promissory notes were considered paid in full in the prior year in recognition of the District’s acknowledgment of such contributions to the District in lieu of Series 2023 assessments.
Series 2023
On January 27 2023, the District issued $24,655,000 of Special Assessment Revenue Bonds, Series 2023 consisting of multiple term bonds with due dates ranging from May 1, 2028 to May 1, 2052, and fixed interest rates ranging from 4% - 5.250%. The Bonds were issued to finance a portion of the cost of the Series 2023 project and pay down the revolving line of credit secured by the Series 2020 BAN. Interest is to be paid semiannually on each November 1 and May 1, commencing May 1, 2023. Principal on the Bonds is to be paid serially commencing May 1, 2024 through May 1, 2052.

The Series 2023 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, 2024.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2024, were as follows:

Beginning
Balance	Ending	Due Within
(Restated)	Additions	Reductions	Balance	One Year
Governmental activities											
Direct borrowings:											
Bond Anticipation Notes:											
Series 2020	$	1,038,301	$	2,769,298	$	-	$	3,807,599	$	3,807,599	
Subtotal		1,038,301		2,769,298		-		3,807,599		3,807,599	
Promissory Notes:											
Luminary Boulevard Phase 1A and	
1B		16,213,464		-		-		16,213,464		-	
Subtotal		16,213,464		-		-		16,213,464		-	
Series 2023		24,655,000		-		420,000		24,235,000		430,000	
Less: original issue discount		121,954		-		4,205		117,749		-	
Subtotal		24,533,046		-		415,795		24,117,251		430,000	
Total	$	41,784,811	$	2,769,298	$	415,795	$	44,138,314	$	4,237,599	

At September 30, 2024, the scheduled debt service requirements on the long-term debt were as follows:

	Governmental Activities	
Year ending							
  September 30:			Principal			Interest			Total		
2025	$	4,237,599	$	1,200,338	$	5,437,937	
2026		450,000		1,183,138		1,633,138	
2027		465,000		1,165,138		1,630,138	
2028		490,000		1,146,538		1,636,538	
2029		510,000		1,126,938		1,636,938	
2030-2034		2,895,000		5,294,908		8,189,908	
2035-2039		3,670,000		4,545,688		8,215,688	
2040-2044		4,710,000		3,529,938		8,239,938	
2045-2049		6,100,000		2,179,800		8,279,800	
2050-2052		    4,515,000			482,475			4,997,475 	
Total	 $	28,042,599  $	21,854,899  $	49,897,498 

NOTE 7 – DEFICIT FUND EQUITY

At September 30, 2024, the District has a deficit fund balance in the capital projects fund of ($330,737).
NOTE 8 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer. Additionally, during the current fiscal year, the District advanced and paid $150,143 of expenditures that benefitted a property owned by the Developer. The Developer agreed to reimburse the District. This amount is reflected in the due from Developer balance at September 30, 2024.

A significant portion of the District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.
NOTE 10 – PRIOR PERIOD ADJUSTMENT

The 2024 report has adjusted the following items listed in the 2023 report:
Governmental Activities

Net position - as previously stated	$	(6,246,892)	
Overstatement of debt		2,549,365	
Net position - as restated	$	(3,697,527)	

NOTE 11 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.
NOTE 12 – COMMITMENTS AND CONTINGENCIES

As of September 30, 2024, the District had open contracts for various construction projects. The contracts totaled approximately $5.7 million, of which approximately $3.9 million was uncompleted at September 30, 2024.
NOTE 13 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

NOTE 14 – SUBSEQUENT EVENTS
Draw Bond Anticipated Note
Subsequent to fiscal year end, the District drew a total of $1,441,665 on the Note.

Amendment to the Promissory Note
In the prior year, the District issued a promissory note to the Developer in the amount of $16,213,464 in connection with the District’s acquisition of certain infrastructures from the Developer (“2023 Promissory Note”). The District had also entered into an Acknowledgement Agreement whereby the Developer is to make certain contributions in lieu of debt service assessments. The contribution due pursuant to this agreement is $7,422,113 (“remaining contribution”). Subsequent to fiscal year end, the Developer made an infrastructure contribution to satisfy the remaining contribution and in exchange for a revised 2023 Promissory Note in the principal amount of $8,791,351 which represents the original balance of the 2023 Promissory Note less the remaining contribution.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

Final Budget -	
		Budgeted Amounts		Actual	Positive	
	Original	Final	Amounts	(Negative)	
REVENUES						
Assessments	$	722,450	$	723,573	$	723,573	$	-	
Miscellaneous revenue	-	293	293		-	
Interest	-	-	30,973		30,973	

Variance with

Total revenues	722,450	723,866	754,839	30,973 EXPENDITURES
Current:
General government	163,852	172,702	127,666	45,036	
Maintenance and operations	633,598	657,137	324,564	332,573	
Total expenditures	797,450		829,839	452,230		377,609	

OTHER FINANCING SOURCES								
Carry forward		75,000		75,000	-		(75,000)	
Total other financing sources (uses)		75,000		75,000	-		(75,000)	

Net change in fund balances	
 $		
-		
$		
(30,973) 	
302,609	
 $		
333,582 	
Fund balance - beginning					385,240 			
Fund balance - ending				 $		687,849 			

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. The general fund budget for the fiscal year ended September 30, 2024 was amended to increase revenues by $1,416 and increase appropriations by $32,389. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	
0	

Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.	

3	
Employee compensation	$0.00	
Independent contractor compensation	$94,036.65	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance:
$211.27 - 150,651.52
Debt service:
$694.14 - 2,186.35	
Special assessments collected	$2,767,305	
Outstanding Bonds:	see Note 6 for details	

Independent contractors is defined as individuals and entities that receive a 1099.

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

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

To the Board of Supervisors
Poitras East Community Development District Orlando, 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 Poitras East Community Development District, Orlando, Florida (“District”) as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated February 27, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

February 27, 2025

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
Poitras East Community Development District Orlando, Florida
We have examined Poitras East Community Development District, Orlando, 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, 2024. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.

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

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2024.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Poitras East Community Development District, Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

February 27, 2025

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Poitras East Community Development District Orlando, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Poitras East Community Development District, Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2024, and have issued our report thereon dated February 27, 2025.

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

Other Reporting Requirements
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated February 27, 2025 should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General of the state of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.
Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Poitras East Community Development District, Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Poitras East Community Development District, Orlando, 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.

February 27, 2025

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

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

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2023.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2024.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2024.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2024. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 25.

Fiscal Year 2026 Operations & Maintenance Budget
(provided under separate cover)

Advertise for RFQ to Prequalified Contractors for District Infrastructure Projects
(provided under separate cover)

Operation and Maintenance Expenditures Paid in February 2025 in an amount totaling $15,329.13

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT
DISTRICT OFFICE • 3501 QUADRANGLE BLVD STE 270 • ORLANDO, FL 32817
PHONE: (407) 723-5900 • FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from February 1, 2025 through February 28, 2025. This does not include expenditures previously approved by the Board.

The total items being presented:    $15,329.13

Approval of Expenditures:

    Chairman

    Vice Chairman

    Assistant Secretary

AP Check Register (Current by Bank)
Check Dates: 2/1/2025 to 2/28/2025

heck No.	ate	tatus*	Vendor ID	Payee Na e	A ount	
BANK ID: OM1705 - CIT' NATIONAL BANK	001-101-0000-00-01	
1 &2	02/0 /25	P	C+PRA	Ce#ra $an%sca#e		'1(8)5*00	
1 & 	02/0 /25	P	D01 C	Dona,% - c.ntosh Associates		'/ *50	
1 &/	02/0 /25	P	R$+3+4	Richar% $e2ey		'200*00	
1 &5	02/12/25	P	567A5	5utak Rock		'288*00	
1 &)	02/12/25	P	0R$8+1	0r,an%o 8entine,		'21&*50	
1 & 	02/18/25	P	9RA6A8	9rau an% Associates		'5(200*00	
1 &8	02/18/25	P	P: 9C	P: 9rou# Consu,ting		' (2 *11	
1 &&	02/18/25	P	68.C	68.C $ocating 8er2ices		'&00*8)	
1800	02/18/25	P	39$0BA	39,oba,7ech		'1 5*00	
1801	02/18/25	P	-R+	-in% Ri2er +n2iron;enta,		'1 5*00	
1802	02/18/25	P	7R687+	68 Bank as 7rustee <or Poitras		'))/()11*51	
					BANK OM1705 REGISTER TOTAL:	$677,265.48	

BANK ID: OM-ACH - CIT' NATIONAL BANK - ACH 2 3IRES	001-101-0000-00-01

0015	02/20/25		06C	0r,an%o 6ti,ities Co;;ission	'2() 5*1)

BANK OM-ACH REGISTER TOTAL:	$2,675.16

GRAND TOTAL :	$679,940.64

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" - Void ( Void Date ); "A" - Application; "E" - EFT
** Denotes broken check seq ence.

BANK:	OM1705	CHECK:	1792	AMOUNT:	$1,865.00	DATE:	02/03/25	VEND ID:	CEPRA			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
12/24/24
12/24/24	O-S7300 O-S7301		PA 271 - Dec. 3-inch mainline PA 271 - Dec. irrigation valve				$0.00
$0.00		$1,310.00
$555.00	
			TOTALS:
AMOUNT:	
$437.50				$0.00
DONMC		$1,865.00	
BANK:	OM1705	CHECK:	1793			DATE:	02/03/25	VEND ID:				
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
01/17/25	46777		PA 272 - Eng. srvs. thru 12/31				$0.00		$437.50	
			TOTALS:				$0.00		$437.50	
BANK:	OM1705	CHECK:	1794	AMOUNT:	$200.00	DATE:	02/03/25	VEND ID:	RLEVEY			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
01/21/25	2025.01.21		PA 272 - Supervisor fee 2025.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	
BANK:	OM1705	CHECK:	1795	AMOUNT:	$288.00	DATE:	02/12/25	VEND ID:	KUTAK			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
01/29/25	3514435		PA 273 - Gen. legal thru 12/31				$0.00		$288.00	
			TOTALS:				$0.00		$288.00	
BANK:	OM1705	CHECK:	1796	AMOUNT:	$219.50	DATE:	02/12/25	VEND ID:	ORLSEN			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
01/19/25	OSC108482438		PA 273: Ad: 7735617; CU8000355				$0.00		$219.50	
			TOTALS:				$0.00		$219.50	
BANK:	OM1705	CHECK:	1797	AMOUNT:	$5,200.00	DATE:	02/18/25	VEND ID:	GRAUAS			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/04/25	26857		PA 274 - FY 2024 audit				$0.00		$5,200.00	
			TOTALS:
AMOUNT:	
$3,233.11				$0.00
PFMGC		$5,200.00	
BANK:	OM1705	CHECK:	1798			DATE:	02/18/25	VEND ID:				
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
01/28/25
01/24/25
02/06/25
02/06/25	135019
DM-01-2025-49
OE-EXP-02-2025-20 OE-EXP-02-2025-20		PA 273 - Nov. mileage, tolls PA 274 - DM fee: Jan. 2025
PA 274 - Jan. postage PA 274 - Jan. FedEx				$0.00
$0.00
$0.00
$0.00		$17.96
$3,208.33
$4.14
$2.68	
			TOTALS:
AMOUNT:	
$900.86				$0.00
USIC		$3,233.11	
BANK:	OM1705	CHECK:	1799			DATE:	02/18/25	VEND ID:				
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
12/31/24
01/31/25	706954
712904		PA 274 - Ticket and service fe PA 274 - Ticket and service fe				$0.00
$0.00		$482.68
$418.18	
			TOTALS:				$0.00		$900.86	
BANK:	OM1705	CHECK:	1800	AMOUNT:	$135.00	DATE:	02/18/25	VEND ID:	VGLOBA			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/01/25	6994		PA 274 - Feb. website maint.				$0.00		$135.00	
			TOTALS:				$0.00		$135.00	
BANK:	OM1705	CHECK:	1801	AMOUNT:	$175.00	DATE:	02/18/25	VEND ID:	WRE			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/04/25	6749680		PA 274 - Lift station maint. o				$0.00		$175.00	
			TOTALS:				$0.00		$175.00	
BANK:	OM1705	CHECK:	1802	AMOUNT:	$664,611.51	DATE:	02/18/25	VEND ID:	TRUSTE			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/15/25	2025.02.14		S2023 FY25 DS (239115000) Dist				$0.00		$664,611.51	
			TOTALS:				$0.00		$664,611.51	

BANK:	OM-ACH	CHECK:	70015	AMOUNT:	$2,675.16	DATE:	02/20/25	VEND ID:	OUC			
Date	Invoice Number	Invoice Description				Discount Taken		Amount Paid	
02/03/25	10986-020325	PA 274 - OUC 2025.02.03 Electr				$0.00		$1,437.72	
02/03/25	10986-020325	PA 274 - OUC 2025.02.03 Water				$0.00		$785.94	
02/03/25	10986-020325	PA 274 - OUC 2025.02.03 Street				$0.00		$444.75	
02/03/25	10986-020325	PA 274 - OUC 2025.02.03 Taxes				$0.00		$6.75	
		TOTALS:				$0.00		$2,675.16	

Operation and Maintenance Expenditures Paid in March 2025 in an amount totaling $30,336.53
(provided under separate cover)

Requisition Nos. 2020-383 – 2020-389 Paid in February 2025 in an amount totaling $467,776.37

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT
DISTRICT OFFICE • 3501 QUADRANGLE BLVD STE 270 • ORLANDO, FL 32817 PHONE: (407) 723-5900 • FAX: (407) 723-5901

Requisition Recap For Board Approval

Attached please find the listing of requisitions approved to be paid from bond funds from February 1, 2025 through February 28, 2025. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
S2020-383	Kutak Rock	$160.00	
S2020-384	Rinker Materials	$20,899.80	
S2020-385	Kittelson & Associates	$1,329.92	
S2020-386	Boggy Creek Improvement District	$47.65	
S2020-387	Jr. Davis Construction Co.	$399,398.20	
S2020-388	Donald W McIntosh Associates	$16,937.20	
S2020-389	Ferguson Waterworks	$29,003.60	
	TOTAL	$467,776.37	

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oitras Eas S2020 Req 383: K!tak Rock	Jan!ar" 31, 2025	Page 1 of 1

By Amanda Lane at 1:24 pm, Feb 03, 2025

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 DnSSH	PO doĊ >*62)=	FUND:	žÀsition<eons~cQion	
	" 9a.RF i" *))>*�62)=			
ITE7š	ƒ	In$oice *0/*--=6 Br &onsVction 7atrria9s Jroux )2<)=<202/ _ Y6‡a™”Ž’G
ƒ	In$oice *0//`6-• Br +onsVction 7ateïa9s ·	)—)-<202/ _ Y–˜ˆGGa�´	

The ādersigne hereby cer i3es that obl%'ations in the sRted amãnt set BrS oWÂ ¼Će be8 incăd y the DisEict] that each disb‚rsement set Èáh abo$e i| prßÃr char'e ' %nst the 2020 "c:uisiùon nd &ons~cUÞ "cco‚(÷ ëÎenceq o$eF that each disbursement set Bô abo$e !a| %ncĂeL iD connecUon !ith the c:�isition nd the consEucUon o# the 2020 ProÚect
†Aein aÒer the XProMectX5 anL each ONresents +ost o# the ProMect^ and has not è$ioąly be8 pa%d;
Je u.dersigne hereby wr her cerTuÕes 4at there has not beÇ 3{ed !%th or serćed ÿæn the Disûct not%ce o# any Cien] rixQ to {×en^ or at achm8t NonF or cla%m Ï@ti.' he ri'ht to OcÆ$e payment oÌ any o#the monies payable to the ±ayee set ÉÝrS abo$e‰ Ĉhich has not bee. released or !zl9 not be released s%mu9taDeo€sCy !ith tÔe payment eìÊ�

Je €ndeñigne hePby wóer cer}uÖes hat such rtuisitio( conø(s no item rsrese(Tn' payÜe.Q on accou(t o# ny re ained äê(R'eŠ !hich 4e Disüct is t he Late o# such cer i3cate e(Ttled to retayn;

?t is hereby Ppresented y the undersigne that the doard o# the DisEict s ç$ed 4is re:uisition or s ppð$ed 4e spÄivc con éct !ith resp@t to !h%ch Áöbursements pĄt to thzs rtuisityon ¾ ue nd Nayable‘
"ll Ø$oiceZs5 are on vle !ith the District Ñom 4e Wendor o# the properþ c:Āred or seõcrs rendered th Osp@t to
!hich disbrsem8t is hereby re:�estÅ;
PO?¶S EcST +O¯ DEKElOP­T DIST1?+T

BY:_	 
e§ or ºI&E +¨
£IST0I&T E,iªfE0…S ŸPP0OK¡ hO0 P0Okf&T E»¦DIT21gS
The u.dersigne DisEict En'ineA hePby cer i3es that Sis qis¿sem8t is Ëà cost o# the ProÛ@t nd is co(sistent
!ithH Zi5 he applicable or consVc}oD conúctœ [ii5 the pCaDs ½ såi3cations Ðr the pâon o#the ²oMect !ith ît to !h%ch such disbursement is bein' made� and‹ [iii5 4e íor o# the Disýct EnÓ(eerŒ s rsoò shaCl We een mended or modi3ed s o# the te AeoÍ

Poi&$% Ea%& S2020 Re! 384: Rinke" Ma'e#ial%	Jan(a") 31, 2025	Page 1 f 1

By Amanda Lane at 1:24 pm, Feb 03, 2025

XWH`[7] ?7]_ <WS!b =?f?NWXRT` =F]%<_ [?ZJ;]F`FWT CW[ X7gRT`
&0&0 TW_? 7<ZdF]›WT 8T= <WU]`[d<_FWT 7<<WdT`

=7`@0
X7g??5 7==[?^]1	Cqm + &0&) M•½ÁqŸ¹¨¥ & 7¹¹¨n•h»q¹ YW 9¨Ú +')&++
<’•nh�¨, L *0*+'-)&++	\?ZeK]G`FWT TW3 8QWeT_ =e?4 FlJNTI:	',)
$",'&...& 7n¬Ó•¹•¼•¨§/<¨¥¹»·nÉ¨¥	
Fa?P2	H¥Õ¨•nq #)0-*' ‡¯ X¯¨œqn¼ &*&*/0 (Th¯n¨¨¹¹qq & OÓ¤•¥j¯Û X¨¹¼ =q¹•�) c¯¨Ó�’ # /'$/20&(	

_’q Ó¥oq¯¹•�qo ’q¯qlÛ nq¯¼•†q¹ ¼’h¼ ¨l •�h¼•¨¥¹ •¥ ¼’q ¹»h¼qo h¢¨Ó¥¼ ¹q¼ ‡¯Á’ hl¨Õq ’hÕq lqq¥ •¥nÓµqo lÛ Äq =•¹¼±•n¼, Äh¼ qhn’ o•¹lÓ°ºq¢q¥¼ ¹q¼ ‡¯È hl¨Õq •¹ h ª¯¨ªq¯ n’k�q h�h™¥¹¼ ¼’q &0&0 7n­Ó•¹•¼•¨¥ j¥o <¨¥¹ÍÔn¼•¨¥ 7nn¨Ó¦¼, ²‚¯q¥nqo hl¨Öq, ¼”h» tn’ o•¹lÓ°ºq¢q¥¼ ¹q¼ ‡±Á’ hl¨Õq ×h¹ •¥nÓ¯¯qo •¥ n¨§¥qn¼•¨¥ ×•¼’ ¼’q hn­Ó•¹•»˜¨¥ h¥o ¼“q n¨¥¹Ðn»•¨¥ ¨| Äq &0&0 X¯¨žqn¼ (’q¯qš¥ hŠq¯ Äq "X¯¨œqn¼") h¥o qjn’ ¯qª°q¹q¥Ò h <¨¹¼ ¨| Äq X¯¨žqnÂ, j¥o ’h¹
¥¨¼ ª¯qÕ–¨Ó¹ Û lqq¥ ªh•o.
`“q Ó¥oq¯º•�qo ’q¯qlÛ ‹’q¯ ns¶•„q¹ Ã’h¼ ¼’q¯q ’h¹ ¥¨¼ lqq¥ †¡qo ×•Ä ¨¯ ¹q¯Õqo Óª¨¥ Á’q =•¹¼°•n¼ ¥¨¿šns
¨} h¥Û  •q¥, ¯•Ž¼ »¨  •q¥, ¨¯ hÁÁhn’£q¥¼ Óª¨¥, ¨¯ nŸh•¢ hƒqn»˜¥� Äq °•�’¼ »¨ ¯qnq•Õq ªhÛ¢q¦¼ ¨~, h¥Û ¨| Äq ¢¨¥•q¹ ªhÛhlŸq ½¨ Äq YhÛqq ¹q» ˆ¯Á’ hl¨Õq, ×’˜n’ ’h¹ ¥¨¼ lqq¥ ¯qŸqhºqo ¨¯ ×• ¡ ¥¨¼ lq ±q¡qh¹qo ¹•¢ÓŸ»h¥q¨ÓºŸÛ ×•»” ¼’q ªhÛ¢q¥¾ ’q¯q¨�
`’q Ó§oq¯¹•�¥qo ’q¯qlÛ Œq¯ nq¯Á•…q¹ Á’j¼ ¹Ón’ ¯q­Ó•¹•¼•¨¥ n¨¥¼h•¥¹ ¥¨ •¼q¢ ¯qª¯q¹q¥¼•¥� ªiÜ¢w¼ ¨¥ hnn¨Ó¥» ©| h¥Ü ¯q¿h•¥u ª{nq¥¼h�q, ×’•n’ ¿’q =•¹¼±™n¼ •¹ h¼ ¼’q oh¼q ¨| ¹Ón’ nq¯Ë†nh¼q q¥¼•¼Ÿqp ¼¨ ³¼h•¥.
G¼ •¹ ’q¯qlÛ ¯x¯r¹q¥¼qo lÛ Åq Ó¥oq¯¹•‘qo Á’h¼ ¼’q :¨h¯o ¨|Á’q =•¹Ì•n¼ ’h¹ hªª°¨Õqo ¼’•¹ ¯q­Ó•¹•Ê¨¥ ¨¯ ’h¹ h«¯¨Õqo Æq ¹ªqn•„n n¨¥Ïn¼ ×•Ä ¯q¹ªqn¼ ¼¨ ×’•n’ o•¹lÓ°ºq¢q¥Áº ªÓ¯ºÓh¥¼ ¼¨ »”•¹ ¯q­Ó•¹•»•¨¥ h¯q oÓq h¥o ªhÛhlŸq.
8¡Ÿ ™¥Õ¨•nq(¹) h¯q ¨¥ €—¡q Ù•À’ Á’q =•¹Ì•n¼ ‰¨¢ Á’q Õq¥o¨¯ ¨| ¼’q ª±¨ªq¯ÁÛ hn®Ó–°qo ¨¯ ¹q¸šnq¹ ¯q¥oq¯u ×•Ä
¯q¹ªqn¼ ¼¨ ×’•n’ o•¹lÓ±ºq¢w¼ •¹ ’q¯qlÛ ¯q­Óq¹¼u.
XWF_[8] ?7]` <WPQdVF_g
=>fAOWXQB_ =I]`[F<`

__  __

BY:_  _	  _
<E ¨¯ fF<? <DH[P8T
DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES
`’q Ó¥oq°º•�¥u =•¹Í•n¼ ?¥�•¥qq¯ ’r¯qlÛ nq¯¼•€—q¹ Äh¼ ¼’•¹ o•¹lÓ¯¹q¢q¥¼ •¹ ‡¯ h n¨¹¼ ¨|Äq Y´�qn¼ j¥o •¹ n¨¥¹•¹¼q¥¼ ×•¼’5 (•) Äq hªªŸ•njlŸq ¨¯ n¨¦ºÑn¼•¨¥ n¨¥Îhn¼6 (•˜) Äq ªŸh¦º j¥o ¹ªqn•†nh¼•¨¥º ‡¯ ¿’q ª¨¯À•¨¥ ¨| Á’q X¯¨žqn¼ Ø•Ç ±qºªqn¼ ¼¨ ×’•n’ ¹Ón’ p–¹lÓ¯ºvq¥¼ •¹ lq•¥� ¢hoq6 h¥o, (•••) Äq ¯y¨±Á ¨| Á’q =•¹Í˜n¼ ?¥�•¥qq¯, h¹ ¹Ón’
¯qª¨¯¼ ¹’hŸ¡ ’hÕq lqq¥ h¢q¥orp ¨¯ ¢¨o•†qo h¹ ¨| Äq oh¼q ’zq¨.

Poi)!$ Ea$( S2020 Re 385: Ki*el$on & %'ia)e&	Feb"a# 7, 2025	Page 1 of1

By Amanda Lane at 12:04 pm, Feb 11, 2025

P&c>6AS EAS! C&±gd!8 DEJE¯*Pf'! D%S!6GC!
6E=7%SH(%*²  <*2  PA8f'!
$#$# '&(E AC=IHS%¨&' F´D C&'S(2IC!c&³ ACC&7µ!

DA!E^	bebrþy .+‹ $#$0	·=I%S%(%&' '*Ÿ	/]E	
PA8©Ež	,oggy Cree@ %Bprovnent Disùct	F)*7'> D7E 	‡+1—E0	
FDD2aSS_	c\o P<) ¬âoup §nsulting	<7'D¡	A½uisition\ConsSƒc€on	
	/0#. =uadrangle ,o levardŒ Ste– $1#			
	*rl n oW <° /$].1			
%!E)¢	2ei bu|e ent tr `oÛ‚ction•6elated eegal Advertis3ngX SpØÖt ,etween ,oggy Crm@�
«reenewayD )yrtle Cree@Z PoiRas EastX and )idtoăY Paid to &rlando S¾tineA &ƒt o"
,ogg† Cree@ Seåes $#./ Co4süction bu4ds 2e5uisition +1+ ˆeÆrence *SC..#+0#+$E
	Ad£ 11/00/+	

(he „dersiwed hereby ceëi?Ã thit obligations i4 the sôted a ount set urth bove have been incuéed by the DistrictŽ that ea-h disburseBent set urth above is a proper charge agaKnst the $#$# Ac5uisition º ConsRucõon Accoÿt” reÇrenced above� that each disbu|e ent set vì: above was incāed in co{necöon w3th the c5uisition and the jons‚cQion o"the $#$# ¶ozect ‰ereLn aÊer t:e TProzectTC n each represents a Cost o"the PèMectW n	s not previously been paid[

>he 4dersi 8De hereby Ìer certires that there :as not been ?led wit: or seïed upon the DistæcP no€ce o"any lienZ riÍt to likn� or attachBent Āon‘ or claiN aÈecti4g the çÎt to ;ceive pa† ent opD »y o"the Nonies payable to the PaĄee set Éí aboveD which has not been releas9 or …ill not be released si ultan¿us×y …yth the
pay ent e;op˜

(he n ersi 8De heOeby Ëther cer�?es that such re5uisition contains no ite representi{g pay ent on account o"any retain9 per-entageY which the DisRict is t t:e date o"such cerirjate entitled to ;taLn™
%t is hÂeby rÀresknted by the „dersiw9 that the ,oard o"the Disøict s approved th3s reàuisit3on or s appãÞved the spe-isc -onSact wiPh ;spect to which disburse ents pursuant to this ;ßuisition re e and payable[
AlA Knvoi¼eUsC are on ?le with the Disúct ÄroN the Ăendor o"the property ac5uÕred or sov3ces re4doed with re}pe-t Qo whi-h disbýOse ent is herlby rl5uest9š
P&G(2AS EAS! C&))¹gd!8 DEJae*P)ª( DHS(6%`!

        

,8__	 
C® or J%¦E C­AG¸'
DISTRICT ENGINEER'S PPROVAL FOR PROJECT EXPENDITURES
>he undersigned DisSict Enginmr hereby cer�qÔes that this dysburse ent is vr cost o"the ProMect and is con}istent with^ UiC the appAÏcable or cÜnsQîctÐon cÝn÷acò¤ VKÑŠ txe plaÙ~ aÚ›d ~peciqÓcaó3ons tO the poêLon o" the ProMect with reñe-t to wxich such diðbuäsnent is being hde¥ hnd’ Viœ� the rÁort "the Disûct Engineer“ s such repor shaAl hive been a end9 oá BodÒsed s o"Phe te ereoÅ

P#i+'a( Ea() S2020 Re& 386: B$g. C'eek I %'#-e!e"* Di(*'ic+	Feb',a'. 14, 2025	Page 1 #f 1

By Amanda Lane at 2:01 pm, Feb 17, 2025

ONAZR0V 8/VX 3NK[MAZ^ 68]8HOJMX 6AWYSB4X T8Q[AVAXANM <NR O/^JMZ
!0!0 MNX9 /3Q[AVxy�NM 1M6 3NMVXR[3ZANM /33N[MX

60Z8)
O0^88* 176UVV)	<kc°`¥Ò #, !0!$
E¥. 6`ÍŒ± 3 �±Æd´‘ � 3 ., A�d.
! 0 >`�…`¥ S `h FŒ±±�ššn, =G "#&# 	R9Q\CVAZANM MN,
/IN[MX 6[:-
D:	"'&
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BX8I+	B�Í �dk "0% " (O`Ò 0¢¢–Œe`´Œ¡� ##) ¥ O¥ “l´ !!0% (3k�´k¥—Ž�k 6¥ Vk… ?- ) Xˆ¥ È…ˆ 0 /!$/20!$	

Zˆk Êhk¥±Œ†kh ˆk¥kcÒ dk­Œ{k± ¼`´ ¡c—Œ…`´Œ¡�± Œ� ¼k ±¹`´kh `š¡Ê´ ±kµ ¨´ˆ `c Ík ˆ`Ík ckk� Œ�dÉ¬ki cÒ
¼k 6Œ±ÁŒfº. ´ˆ`´ k`dˆ hŽ±cÈ¥±kšk�´ ±k´ ¨»ˆ `c Ík Œ± ` ¢¥ ¢k¥ dˆ`¥…k `…`ŒŸ±´ ´ˆk !0!0 /d¤ÈŒ±Œ´Œ¡� `�h 3 �±Äd´Œ¡�
/dd È�¶, ¥ktk¥k�fkh `c Ík, ¼`´ k`dˆ h�±cÉ¥±kšk�´ ±k´ €¥¼ `c Ík Ð`± ŒŸdÈ¬kh Œ� d¡œ�kd´Œ¡� ÐŒ¼ ´ˆk `d¤ÈŽ±Œ´Œ � bh ¼k f¡�±Åd´Œ � u ¼k !0!0 O¥ ”kd´ (hk¥kŽ� `‚k¥ ¼k "P¡•kd´") a�h k`dˆ ¥k¢¥k±k�´± ` 3 ±´ ¡u ¼k O¥¡”kd´, `�h ˆ`±
� ´ ¢¥kÍŒ¡È±—Ò ckk� ¢`Œh.
Xˆk Éœhk¥±Œ†kh ˆk¥kcÒ ƒ¥´ˆk¥ dk¦»Œ|k± ´ˆ`´ ´ˆk¥k ˆ`± � ´ ckk� }—kh ÐŒ¼ ¡¥ ±k¥Ïkh È¢¡� ¼k 6Œ±´ªd´ �¡´Œdk u `�Ò —Œk�, ¥Œ…ˆ´ ´ —Œk�, ¡¥ `´»`dŠšk�´ È¢ �, ¥ d—`Œš `zkd´Œ�… ¼k ¥Œ…ˆ´ ´¡ ¥kdkŒÍk ¢`Òšk�· ¡v, `�Ò ¡u ´ˆk š¡�Œk±
¢`Ò`c—k ´  ¼k O`Òkk ±k´ €¨»ˆ `c¡Ík, ÑˆŒfˆ ˆ`± � ´ ckk� ¥k—k`±m  ¥ ÐŒ—˜ � ´ ck ¥k—k`±kh ±�šÈ—º`ŸpÈ±—Ò Ð‘¼ ´ˆk
¢`Òšk�´ ˆk¥k w.
Xˆk È�hk¥±Œ†kh ˆk¥kcÒ „k¥ dk¦´Œ}k± ´ˆ`´ ±Èdˆ ©¤ÈŒ±Œ¾ � f �´`Ž�± �  �´kš ¥k¢¥k±k�¸Œ�… ¢`Óšk�´  �
`dd ÈŸ´ u`žÓ ¥k´`Œ�kh ¢k¦dk�´`…k, Ð‹fˆ µˆk 6Œ±¹¥‘d´ Œ± `´ ´ˆk ia´k ¡u ±Èdˆ dk¥¿~da´k k�´Œ´—kh ´ ¥k´`Œ�.
Aµ Œ± ˆk¥kcÒ ¥q¥k±k�´kh cÒ ¼k É�hk¥±Œ‡kh ¼`´ ´ˆk 2¡`¥h ¡u ´ˆk 6Œ±Â‘d´ ˆ`± `¢¢¥ Íkh ´ˆŒ± ¥k¤ÈŒ±Ž¾¡� ¡¥ ˆ`±
`¢¢¥ Íkh ¼k ±¢kdŒ~d d �À`f´ ÐŒ¼ ¥k±¢kd´ ´ ÐˆŽdˆ hŒ±cË²kšk�´± ¢È¥±È`�º ´  µˆŽ± ¥k¤ÈŒ±Œ´Œ � `© hÈk `�h ¢`Ò`c—k.
/—˜ Œ�Í¡�dk(±) a¥k ¡� ~—k ÐŒ´ˆ ¼k 6Œ±ÀŒf´ �¡š ´ˆk Ík�h¡¥ ¡u¼k ¢§ ¢k¥Ç `d¤ÈŒ¥kh  ¥ ±k¦Í�dk± ¥k�hk¥kh Ð‘¼
¥k±¢kd´ º ÐˆŒdˆ jŒ±cÈ¥±kšo´ Œ± ˆk¥kcÒ ¥k¤Èk±´m.
ONAZR/V 8/WX 3NLAX_ 68];GNOI8MX 6AWXTA3X

        

BY:	 
3D ¥ ]A59 3@
DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES
Yˆk È�hk¥±Œ…�kh 6�±ÁŒd´ 8�…Ž�kk¥ ˆk¥kcÒ dsŽ~k± ½`´ ´ˆŒ± hŒ±cÌkšk�´ Œ± €¥ ` d ±´ u ¼k O«•kd´ `�h Œ± d¡�±Œ±´k�´ ÑŒ´ˆ) (Œ) ¼k `¢¢˜Œd`c—k ¥ d �±Æd´Œ � d �Á`d´. (ŒŽ) ¼k ¢—`Ÿ± `�h ±¢kdŒ~d`´Œ �± €¥ »ˆk ¢ ¯¡� u ¼k O¥ •kd´ Ð’¼ ¥k³kd´ ´  Ð‰Œdˆ ±Èdˆ h�±cÈ¨±k›k�´ Œ± ckŒœ… š`hk. `�h. (ŒŒŒ) ¼k ¥q ¥» u ¼k 6Œ±ÀŒd´ 8�…Œ�kr, `± ±Èdˆ
¥k£ ® ±ˆ`™˜ ˆ`Îk ckk� `šk�hkh ¥ › hŒ~kh `± ¡u ´ˆk h`´k ˆk¥k¡w.

P$ /'a+ Ea,. S2020 Re% 387: J&. Da0!- C$#+/(c."$# C$., I#c.	Feb)a* 14, 025	Page 1 $f1

By Amanda Lane at 2:01 pm, Feb 17, 2025

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2020 =@H0 *,BK5E5F5@= *>- ,@=EFCK,F5@= *,,@K=G

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A*P//&	-~{QvX N :V5{ˆ~‡j *‡‡~VmQˆY‡ 5{V	*:@K?F -K/%	$16,937.20	
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		01/31/2025 - $1,$0$.#0	
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		EYƒ–mVY‡ Fjƒ~’ij 01/31/2025 - $3,1!2.$0	
	š	5{–~mVY 46924 cƒ Aƒ~sYVˆ 23584 (,Y{ˆYƒvm{Y -ƒm–Y EYiyY{ˆ 4x) Fjƒ~’ij  1/31/2025 -	
		$ ,111.$0	
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		$ #!.00	
	š	5{–~mVY 46926 cƒ A„~sYVˆ 24613 (A~mŽQ‡ /Q‡ˆ- 8mf EˆQˆm~{ -) Ikƒ~’ij 01/31/2025 -	
		$",2!!.!0	
GjY ’|XYƒ‡mi{YX jYƒYU™ VYƒŠm]qY‡ ˆlQˆ ~UvmiQˆm~{‡ m{ ˆjY ‡ˆQˆYX Qy~’{ˆ ‡Yˆ c…Šj QU~–Y jQ–Y UYY{ m{V’ƒƒYX U™ ˆjY -m‡ˆ†mVˆ,
ˆjQˆ YQVj Xm‡U’ƒ‡YyY{ˆ ‡Yˆ cƒŒ QU~–Y m‡ Q €ƒ~€Yƒ VjQƒiY QiQn{‡ˆ ˆjY 2020 *V�’m‡mˆm~{ S{X ,~{‡‘Vˆm~{ *VV~’{ˆ, ƒY_ƒY{VYX QU~–Y,
ˆjQˆ YQVj Xm‡U’ƒ‡YyY{ˆ ‡Yˆ cƒŠj QU~–Y ˜Q‡ m{V’ƒƒYX m{ V~{{YVˆm~{ ˜mˆj ˆjY QV�’m‡mˆm~{ Q{X ‹Y V~{‡�Vˆm~{ ~[ ˆjY 2020 Aƒ~sYVˆ (jYƒYm{ QgYƒ ˆjY "Aƒ~tYVˆ") Q{X YQVj ƒY€ƒY‡Y{ˆ‡ Q ,~‡ˆ ~[ ˆjY Aƒ~sYVˆ, S{X jQ‡ {~ˆ €ƒY–m~’‡v™ UYY{ €QmX.
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P! '#a& Ea&' S2020 Re" 388: D! a d W McI (!&h &&!cia'e&	Feb$)a% 21, 2025	Page 1 !f 1

By Amanda Lane at 8:57 am, Feb 24, 2025

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oitras East S2020 Req 389: Ferguson Waterworks	Febr ar! 21, 2025	Page 1 of 1

By Amanda Lane at 8:57 am, Feb 24, 2025

Requisition Nos. 2020-390 – 2020-395 Paid in March 2025 in an amount totaling $631,326.28
(provided under separate cover)

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

Poitras East
Community Development District
February 2025 Financial Package

February 28, 2025

PFM Group Consulting LLC
3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

Poitras East CDD
Statement of Financial Position As of 2/28/2025	
	
General Fund	
Debt Service Fund		
Capital Projects Fund		
Long-Term Debt Fund			
Total	
		
Assets								
Current Assets										
General Checking Account	$	871,364.42							$	871,364.42	
Alleyway & Infrastructure Capital Res.	160,266.99								160,266.99	
Assessments Receivable	202,991.71								202,991.71	
Assessments Receivable		$	569,710.38							569,710.38	
Series 2020 Debt Service Reserve		496,477.78							496,477.78	
Series 2023 Debt Service Reserve		814,046.25							814,046.25	
Series 2023 Revenue		1,169,727.95							1,169,727.95	
Series 2023 Prepayment		322.50							322.50	
Series 2023 Acquisition/Construction		
		$	23,996.24					23,996.24	
Total Current Assets	$ 1,234,623.12	$ 3,050,284.86		$	23,996.24		$	-		$	4,308,904.22	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments									

$	2,480,574.48		

$	

2,480,574.48	
									21,754,425.52			21,754,425.52	
	$	-		$	-		$	-		$ 24,235,000.00		$	24,235,000.00	
Total Assets	$ 1,234,623.12	$ 3,050,284.86		$	23,996.24		$ 24,235,000.00		$	28,543,904.22	

Poitras East CDD

Long-Term Debt Fund			Total	

$	

25,265.54	
				2,020.70	
				202,991.71	
				569,710.38	
				159,184.57	
$	-		$	959,172.90	

$ 24,235,000.00		
$	
24,235,000.00	
$ 24,235,000.00		$	24,235,000.00	
$ 24,235,000.00		$	25,194,172.90	

$	

(63,275.11)	
			751,124.39	
			316,495.89	
			1,862,813.83	
			617,760.65	
			(75,916.55)	
			(59,271.78)	
$	-		$	3,349,731.32	
				
$ 24,235,000.00		$	28,543,904.22	

Statement of Financial Position As of 2/28/2025

General Fund

Debt Service	Capital Projects Fund		Fund

Liabilities and Net Assets

Current Liabilities

Accounts Payable	$	25,265.54				
Notes and Loans Payable - Current	2,020.70				
Deferred Revenue	202,991.71				
Deferred Revenue			$	569,710.38		
Retainage Payable					$	159,184.57	
Total Current Liabilities	$	230,277.95		$	569,710.38		$	159,184.57	

Long Term Liabilities

Total Liabilities	$	230,277.95		$	569,710.38		$	159,184.57	

Net Assets
Net Assets, Unrestricted	

$	(63,275.11)					
Net Assets - General Government	751,124.39					
Current Year Net Assets - General Government	316,495.89					
Net Assets, Unrestricted			$ 1,862,813.83			

Revenue Bonds Payable - Long-Term Total Long Term Liabilities

617,760.65		
$	
(75,916.55)
(59,271.78)	
$ 1,004,345.17		$	2,480,574.48		$	(135,188.33)	
							
$ 1,234,623.12		$	3,050,284.86		$	23,996.24	

Current Year Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

$	-	$	-	$	-

Poitras East CDD Statement of Activities As of 2/28/2025	
	
General Fund	Debt Service Fund	Capital Projects Fund	Long-Term Debt Fund		
Total	
Revenues							
On-Roll Assessments	$	374,844.81				$	374,844.81	
Off-Roll Assessments	144,620.05					144,620.05	
On-Roll Assessments		$ 1,052,028.18				1,052,028.18	
Debt Proceeds		210,387.13				210,387.13	
Other Income & Other Financing Sources			$	160,392.80			160,392.80	
Debt Proceeds			1,637,166.81			1,637,166.81	
Total Revenues	

$	519,464.86	

$ 1,262,415.31	

$ 1,797,559.61	

$	-	$	3,579,439.78	
Expenses						
Supervisor Fees	$	600.00			$	600.00	
D&O Insurance	2,983.00				2,983.00	
Trustee Services	8,921.15				8,921.15	
Management	16,041.65				16,041.65	
Engineering	3,912.22				3,912.22	
Disclosure	1,250.00				1,250.00	
District Counsel	5,613.35				5,613.35	
Assessment Administration	7,500.00				7,500.00	
Audit	7,200.00				7,200.00	
Travel and Per Diem	17.96				17.96	
Postage & Shipping	8.20				8.20	
Legal Advertising	1,712.45				1,712.45	
Web Site Maintenance	975.00				975.00	
Holiday Decorations	750.00				750.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	966.27				966.27	
Water Reclaimed	4,006.64				4,006.64	
General Insurance	3,648.00				3,648.00	
Property & Casualty	15,099.00				15,099.00	
Irrigation Parts	19,249.56				19,249.56	
Landscaping Maintenance & Material	76,339.55				76,339.55	
Contingency	10,855.70				10,855.70	
Pest Control	595.00				595.00	

Poitras East CDD Statement of Activities As of 2/28/2025

Debt Service	Capital Projects	Long-Term	
Fund	Fund	Debt Fund	

General Fund	Total

Entry and Wall Maintenance	750.00						750.00	
Streetlights	6,493.22						6,493.22	
Liftstation Maintenance	3,617.44						3,617.44	
Personnel Leasing Agreement	5,000.00						5,000.00	
Interest Payments (Series 2020)			$	62,582.89				62,582.89	
Interest Payments (Series 2023)			600,168.75				600,168.75	
Engineering					$	106,946.77		106,946.77	
District Counsel					2,976.00		2,976.00	
Legal Advertising					248.74		248.74	
Property & Casualty					10,360.00		10,360.00	
Contingency					1,736,999.93		1,736,999.93	
Total Expenses	$	204,280.36		$	662,751.64		$ 1,857,531.44		$	-	$ 2,724,563.44	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	1,311.39						$	1,311.39	
Dividend Income			$	18,096.98				18,096.98	
Dividend Income					$	700.05		700.05	
Total Other Revenues (Expenses) & Gains (Losses)	$	1,311.39		$	18,096.98		$	700.05		$	-	$	20,108.42	
Change In Net Assets	$	316,495.89		$	617,760.65		$	(59,271.78)		$	-	$	874,984.76	
Net Assets At Beginning Of Year	$	687,849.28		$ 1,862,813.83		$	(75,916.55)		$	-	$ 2,474,746.56	

Net Assets At End Of Year	
$ 1,004,345.17		
$ 2,480,574.48		
$	(135,188.33)			

$	-	$ 3,349,731.32	

Poitras East CDD
Budget to Actual

YTD Variance	FY 2025
Adopted Budget		Percentage Spent	

$	218,444.03	$	
722,450.00		
76.69%	
-	82,967.10		41.67%	
$	218,444.03	$	805,417.10		68.79%	

$	(2,400.00)	$	
7,200.00		
8.33%	
1,647.08	3,206.20		93.04%	
3,316.30	13,451.64		66.32%	
(0.02)	38,500.00		41.67%	
(4,212.78)	19,500.00		20.06%	
(833.33)	5,000.00		25.00%	
(833.33)	2,000.00		0.00%	
(6,886.65)	30,000.00		18.71%	
4,375.00	7,500.00		100.00%	
(104.17)	250.00		0.00%	
4,200.00	7,200.00		100.00%	
(416.67)	1,000.00		0.00%	
(107.04)	300.00		5.99%	
(10.42)	25.00		0.00%	
(200.13)	500.00		1.64%	
(416.64)	1,000.00		0.00%	
(1,412.55)	7,500.00		22.83%	
(75.00)	180.00		0.00%	
(2,916.67)	7,000.00		0.00%	
(104.17)	250.00		0.00%	
(104.17)	250.00		0.00%	
(275.00)	3,000.00		32.50%	
(500.00)	3,000.00		25.00%	
102.08	175.00		100.00%	
$	(8,168.28)	$	157,987.84		36.50%	

For the Month Ending 2/28/2025

$	519,464.86	$	301,020.83	
	34,569.63	34,569.63	
$	554,034.49	$	335,590.46	

$	
600.00	
$	3,000.00	
	2,983.00	1,335.92	
	8,921.15	5,604.85	
	16,041.65	16,041.67	
	3,912.22	8,125.00	
	1,250.00	2,083.33	
	-	833.33	
	5,613.35	12,500.00	
	7,500.00	3,125.00	
	-	104.17	
	7,200.00	3,000.00	
	-	416.67	
	17.96	125.00	
	-	10.42	
	8.20	208.33	
	-	416.64	
	1,712.45	3,125.00	
	-	75.00	
	-	2,916.67	
	-	104.17	
	-	104.17	
	975.00	1,250.00	
	750.00	1,250.00	
	175.00	72.92	
$	57,659.98	$	65,828.26	

Revenues
Assessments Carryforward Revenue
Net Revenues
General & Administrative Expenses
Supervisor Fees D&O Insurance Trustee Services Management Engineering Disclosure Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Bank Fees Miscellaneous Meeting Room Office Supplies
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses

YTD Actual

YTD Budget

 

 

Poitras East CDD	
Budget to Actual	
For the Month Ending 2/28/2025	

YTD Actual	

YTD Budget	

YTD Variance	
FY 2025
Adopted Budget		
Percentage Spent	
Field Operations															
Electric Utility Services															
Electric		$	966.27		$	2,083.33		$	(1,117.06)		$	5,000.00		19.33%	
Water-Sewer Combination Services															
Water Reclaimed			4,006.64			12,500.00			(8,493.36)			30,000.00		13.36%	
Other Physical Environment															
General Insurance			3,648.00			1,633.48			2,014.52			3,920.35		93.05%	
Property & Casualty Insurance			15,099.00			7,023.15			8,075.85			16,855.55		89.58%	
Other Insurance			-			41.67			(41.67)			100.00		0.00%	
Irrigation Repairs			19,249.56			18,750.00			499.56			45,000.00		42.78%	
Landscaping Maintenance & Material			76,339.55			120,833.33			(44,493.78)			290,000.00		26.32%	
Tree Trimming			-			8,333.33			(8,333.33)			20,000.00		0.00%	
Flower & Plant Replacement			-			10,416.67			(10,416.67)			25,000.00		0.00%	
Contingency			10,855.70			14,982.65			(4,126.95)			35,958.36		30.19%	
Pest Control			595.00			247.92			347.08			595.00			
Road & Street Facilities															
Entry and Wall Maintenance			750.00			2,500.00			(1,750.00)			6,000.00		12.50%	
Hardscape Maintenance			-			4,166.67			(4,166.67)			10,000.00		0.00%	
Alleyway Maintenance			-			4,166.67			(4,166.67)			10,000.00		0.00%	
Streetlights			6,493.22			17,291.67			(10,798.45)			41,500.00		15.65%	
Accent Lighting			-			208.33			(208.33)			500.00		0.00%	
Liftstation Maintenance			3,617.44			8,333.33			(4,715.89)			20,000.00		18.09%	
Parks & Recreation															
Personnel Leasing Agreement - Administrator			2,500.00			7,500.00			(5,000.00)			18,000.00		13.89%	
Personnel Leasing Agreement - Irrigation Specialist			2,500.00			7,500.00			(5,000.00)			18,000.00		13.89%	
Reserves															
Infrastructure Capital Reserve			-			16,666.67			(16,666.67)			40,000.00		0.00%	
Alleyway Reserve			-			6,250.00			(6,250.00)			15,000.00		0.00%	
Total Field Operations Expenses		$	146,620.38		$	271,428.87		$	(124,808.49)	$ 651,429.26		22.51%	
Total Expenses	$ -	$	204,280.36		$	337,257.13		$	(132,976.77)		$	809,417.10		25.24%	

Other Revenues (Expenses) & Gains (Losses)															
Interest Income		$	1,311.39		$	1,666.67		$	(355.28)		$	4,000.00			
Total Other Revenues (Expenses) & Gains		$	1,311.39		$	1,666.67		$	(355.28)		$	4,000.00			
(Losses)															
Net Income (Loss)		$	351,065.52		$	-		$	351,065.52		$	-			

Poitras East CDD Cash Flow

FY24 Inflows	FY24 Outflows	FY25 Inflows	FY25 Outflows	End. Cash	

22,432.45	
(144,707.41)	
-	
(21,730.00)	
534,793.82		
-	(20,847.34)	6.73	(30,760.67)	483,192.54		
-	-	91,433.20	(91,927.51)	482,698.23		
-	-	444,655.41	(263,829.67)	663,523.97		
-	-	140,016.74	(153,663.30)	649,877.41		
-	-	901,427.65	(679,940.64)	871,364.42		
-	-	203,079.50	(200,880.77)	873,563.15	as of 03/27/2025	

Beg. Cash

9/1/2024	678,798.78
10/1/2024	534,793.82
11/1/2024	483,192.54
12/1/2024	482,698.23
1/1/2025	663,523.97
2/1/2025	649,877.41
3/1/2025	871,364.42

Totals	22,432.45	(165,554.75)	1,780,619.23	(1,442,732.56)

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