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, June 16, 2026, 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 May 19, 2026, Board of Supervisors’ Meeting

Business Matters
Consideration of Proposals for Trail Repairs (provided under separate cover)
Consideration of Fiscal Year 2026 Audit Engagement Letter
Review and Acceptance of Fiscal Year 2025 Audit
Presentation and Review of 2026 District Infrastructure Assessment Report
Consideration of 1st Amendment to Personnel Leasing Agreement with Berman
(provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in May 2026 in an amount totaling $40,578.26 (provided under separate cover)
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD
(provided under separate cover)

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

Poitras East Community Development District

Minutes of the May 19, 2026, Board of Supervisors’ Meeting

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm Quorum

The Board of Supervisors’ Meeting for the Poitras East Community Development District was called to order on Tuesday, May 19, 2026, at 4:00 p.m. at 6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827.

Present:			
Rob Adams	Vice Chairman		
Brent Schademan	Assistant Secretary		
Ron Domingue	Assistant Secretary		
Frank Paris	Assistant Secretary		
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Amanda Lane	PFM		
Angeline Agoncillo	PFM	(via phone)	
Blake Firth	PFM	(via phone)	
Tucker Mackie	Kutak Rock	(via phone)	
Bob Schanck	Donald W. McIntosh Associates		
Carlos Negron	Berman		
Eddie Padua	Berman		
Edgard Morales	Berman		
Pete Fussell	Berman		
Samantha Sharenow	Berman		
DJ Batten	Berman		
Will Stafford	Tavistock		
Dan Young	Tavistock		
Rudy Bautista	Tavistock		

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden called for public comments. She noted there was no one with the public present.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the April 21, 2026, Board of Supervisors’ Meeting

The Board reviewed the minutes of the April 21, 2026, Board of Supervisors’ Meeting.

On motion by Mr. Schademan, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Poitras East Community Development District approved the Minutes of the April 21, 2026, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Fiscal Year 2027 DM Fee Increase Letter

Ms. Walden explained the request is for an increase to $43,120.00. She noted that last increase was three years ago and this November four of the Board seats are available to be filled by residents.

On motion by Mr. Adams, seconded by Mr. Schademan, with all in favor, the Board of Supervisors for the Poitras East Community Development District approved the Fiscal Year 2027 DM Fee Increase Letter.

FIFTH ORDER OF BUSINESS	Consideration of Proposals for Trail Repairs

Mr. Padua noted that revisions were requested from the vendors but they have yet to be provided.

SIXTH ORDER OF BUSINESS	Consideration of Resolution 2026-04, Approving Proposed Budget for Fiscal Year 2027 and Setting a Public Hearing

Ms. Walden recommended August 18, 2026, at 4:00 p.m. at this location for the hearing date.

On motion by Mr. Schademan, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Poitras East Community Development District approved Resolution 2026-04, Approving Proposed Budget for Fiscal Year 2027 and Setting a Public Hearing for August 18, 2026, at 4:00 p.m. at 6900 Tavistock Lakes Blvd., Suite 200, Orlando, FL 32827.

SEVENTH ORDER OF BUSINESS	Resolution 2026-05, Setting a Public Hearing Date on Adoption of Rules of Procedure
Rules of Procedure
Notice of Rule Development
Notice of Rulemaking

Ms. Walden recommended August 18, 2026, at 4:00 p.m. at this location for the hearing date.

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Midtown Improvement District approved Resolution 2026-05, Setting a Public Hearing Date on Adoption of Rules of Procedure for August 18, 2026, at 4:00 p.m. at 6900 Tavistock Lakes Blvd., Suite 200, Orlando, FL 32827.

EIGHTH ORDER OF BUSINESS	Ratification	of		Operation	and	
	Maintenance	Expenditures	Paid	in	
	April	2026	in	an	amount	totaling	
	$48,641.55					
The Board reviewed the O&M Expenditures paid in April 2026.					

On motion by Mr. Paris, seconded by Mr. Schademan, with all in favor, the Board of Supervisors for the Poitras East Community Development District ratified the Operation and Maintenance Expenditures Paid in April 2026 in an amount totaling $48,641.55.

NINTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Ms. Walden noted there are none this month.

TENTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD

Ms. Walden stated the financials are updated through April 2026. The District is approximately 58% through the Fiscal Year and has spent approximately 39% of the adopted budget. No action is required.

ELEVENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.

District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, June 16,
2026.

District Engineer –	Mr. Schanck reviewed the Construction Status Memo (Minutes Exhibit A).

Lift Station G is complete and operational.

Centerline Drive Segment H1 is complete but is waiting for the as-builts in order to close it out.

Construction Supervisor –	No report.

Landscape Supervisor –	Mr. Fussell noted the monthly landscape report (Minutes Exhibit B) was
provided to the Board and the vendor is still working on the irrigation report. He noted they are starting to cut back on the dead plant material throughout the District.

Irrigation Supervisor –	No report.

TWELFTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests at this time.

THIRTEENTH ORDER OF BUSINESS	Adjournment

Ms. Walden requested a motion to adjourn.

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the May 19, 2026, Meeting of the Board of Supervisors for the Poitras East Community Development District was adjourned.

Secretary / Assistant Secretary	Chair / Vice Chair

MINUTES EXHIBIT A

MEMORANDUM

DATE:	May 19, 2026

TO:	Poitras East Community Development District Board of Supervisors
FROM:	McIntosh Associates, an LJA company District Engineer
RE:	Construction Contract Status

Dear Board Members,

Please accept this correspondence as a current summary of our construction contract status. Listed below by project is a summary of recent contract activity.

Lift Station G – Jr. Davis Construction Company Construction Status: Project completed and final (April 6, 2026). Change Order (C.O.) Status: None
Recommended Motion: None

Centerline Drive Segment H1 – Jr. Davis Construction Company
Construction Status: Project completed. Final inspection and close out pending revised as-built drawings and Orange County Utilities certificate of completion.
Change Order (C.O.) Status: None
Recommended Motion: None

Should there be any questions, please do not hesitate to call. Thank you.
c:	Dan Young Drew Dawson Chris Wilson Will Stafford Tarek Fahmy

\\ljaeng.com\shares\DWMA\Projects\Proj2017\17170\ENGadmin\C\ec567 Construction Memo 05-19-26.docx

Poitras East Community Development District Poitras East - Parcel N-2 - Lift Station G Change Order Log
Jr. Davis Construction Company

C.O. #	

Date	

Description of Revision	
Additional Days	

Amount	

Status	New Contract Amount Original Contract
Date	

To Board	

Approval Date	

Notes	
						$	2,275,140.00				

1	
8/19/2024	Gravity Sewer Improvements and Landscape/Irrigation for Luminary Boulevard to serve adjacent Toll Brothers residential community.		
$	
143,802.80	
Approved	
$	2,418,942.80	
8/20/2024	
8/20/2024		

2	
8/19/2024	Two Fire Hydrant Assemblies that were
added to the plans in response to City comments.		
$	
21,850.00	
Approved	
$	2,440,792.80	
8/20/2024	
8/20/2024		

										

										
										
Days to Substantial Completion	330	Revised Contract Amount	$	2,440,792.80				
Days to Contract Completion	360							
NOC Date	5/30/2024							
Substantial Completion Date	4/25/2025							
Contract Completion Date	5/25/2025							

Poitras East Community Development District Centerline Drive Segment H-1
Change Order Log
Jr. Davis Construction Company

C.O. #	

Date	

Description of Revision	
Additional Days	

Amount	

Status	New Contract Amount Original Contract
Date	

To Board	

Approval Date	

Notes	
			180			$	3,277,952.23				

1	
10/22/2024	
Revised Plans Not Included in Original Contract and Comparison	
30	
$	
80,714.03		
$	3,358,666.26	
11/19/2024	
11/19/2024		

2	
1/15/2025	
Landscape & Irrigation	
0	
$	
369,461.00		
$	3,728,127.26	
1/21/2025	
3/10/2025		

3	
10/3/2025	Revised Landscaping, Relocation of
Trees, Electrical Conduit Modifications, Change in Trail Material	
5	
$	
360,567.50		
$	4,088,694.76	
10/21/2025	
10/21/2025		

4	
12/8/2025	Owner Direct Purchase Materials (Mack Industries, Rinker Materials, Old Castle, Ferguson Enterprises)	
0	
$	
(856,696.22)		
$	3,231,998.54	
1/20/2026	
1/20/2026		

5	
1/19/2026	Additional Contract Days Due to N1 and 24E Mass Grading/N1	
363	
$	
-		
$	3,231,998.54	
1/20/2026	
1/20/2026		

6	
4/20/2026	Plant Replacement (Freeze) and 60 Days Time Extension	
60	
$	
7,350.00		
$	3,239,348.54	
4/21/2026	
4/21/2026		

Days to Substantial Completion	638	Revised Contract Amount	$	3,239,348.54				
Days to Contract Completion	668							
NOC Date	7/16/2024							
Substantial Completion Date	4/15/2026							
Contract Completion Date	5/15/2026							

MINUTES EXHIBIT B

Poitras East CDD Monthly Landscape Report – April 2026

Maintenance – Mowing completed weekly on all common turf areas except for non-irrigated Bahia turf due to lack of rain. Edging performed along sidewalks, curbs, and hard surfaces. Shrub Pruning as needed for shape and visibility. Bed weeds manually removed and chemically treated as needed. Detail and trash removal for all areas was completed weekly this month per the speciﬁcations. Fertilizer and Pest Control application completed as speciﬁed. Irrigation Inspection was completed and the report is submitted separately.

Overall – The site is in Good condition overall. The turf, plants and trees are growing and healthy. No indications or reports of debris or trash accumulating. No signs of disease or insect infestations. A few areas need proposed enhancements.

Issues – Quite a few plants and small trees did not weather the cold very well. These areas have proposed extra work to be completed. The contractor is back logged with extra work and is working to schedule proposed work as soon as possible.

Looking Ahead – Regular maintenance activities continue as scheduled. Pruning for cold
damage should be completed soon. Proposals are being generated to ﬁll in bed areas. Scheduling for enhancements, fertilizer, and pest treatments will be provided once determined.

Submitted by Pete Fussell Berman

Poitras East CDD Monthly Landscape Report – April 2026

	

Poitras East CDD Monthly Landscape Report – April 2026

	
Poitras East Community Development District

Proposals for Trail Repairs
(provided under separate cover)

Poitras East Community Development District

Fiscal Year 2026 Audit Engagement Letter

May 29, 2026

To Board of Supervisors
Poitras East Community Development District 3501 Quadrangle Blvd., Ste. 270
Orlando, FL 32817

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

We are pleased to confirm our understanding of the services we are to provide Poitras East Community Development District, City of Orlando, Florida (“the District”) for the fiscal year ended September 30, 2026. We will audit the financial statements of the governmental activities and each major fund (general, debt service, capital projects, and special revenue funds), including the related notes to the financial statements, which collectively comprise the basic financial statements of Poitras East Community Development District as of and for the fiscal year ended September 30, 2026. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2026 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding 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 will 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.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Poitras East Community Development District	2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute
218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. The District will provide a statement describing corrective actions to be taken in response to each of our recommendations included in the audit report, if any, and relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.

Poitras East Community Development District	3

With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Poitras East Community Development District	4

The auditor agrees and understands that Chapter 119, Florida Statutes, may be applicable to documents prepared in connection with the services provided hereunder and agrees to cooperate with public record requests made thereunder. In connection with this Agreement, the auditor agrees to comply with all provisions of Florida’s public records laws, including but not limited to Section 119.0701, Florida Statutes, the terms of which are incorporated herein. Among other requirements, the auditor must:

Keep and maintain public records required by the District to perform the service.
Upon request from the District’s custodian of public records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes or as otherwise provided by law.
Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the Agreement if the auditor does not transfer the records to the District.
Upon completion of this Agreement, transfer, at no cost, to the District all public records in possession of the auditor or keep and maintain public records required by the District to perform the service. If the auditor transfers all public records to the District upon completion of this Agreement, the auditor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the auditor keeps and maintains public records upon completion of the Agreement, the auditor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District’s custodian of public records, in a format that is compatible with the information technology systems of the District.
IF THE AUDITOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE AUDITOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT PFM GROUP CONSULTING LLC., 3501 QUADRANGLE BLVD., STE. 270, ORLANDO, FL 32817, 407-723-
5900, RECORDREQUEST@PFM.COM.
Our fee for these services will not exceed $7,400 for the September 30, 2026, unless there is a change in activity by the District which results in additional audit work or if Bonds are issued.
We will complete the audit within prescribed statutory deadlines, with the understanding that your employees will provide information needed to perform the audit on a timely basis. We acknowledge that the District must submit its annual Audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year. Accordingly, for fiscal year ended September 30, 2026, we will deliver a draft audit to the District no later than May 1, 2027 and a final audit report no later than June 1, 2027. All accounting records (including, but not limited to, trial balances, general ledger detail, vendor files, bank and trust statements, minutes, and confirmations) for the fiscal year ended September 30, 2026 must be provided to us no later than January 15, 2027, in order for us to deliver a draft audit to the District no later than May 1, 2027 and a final audit report no later than June 1, 2027.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

This agreement may be renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.
The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2025 peer review report accompanies this letter.

Poitras East Community Development District	5

We appreciate the opportunity to be of service to Poitras East Community Development District and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. This letter, with any addendum if applicable, constitutes the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties.

Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of Poitras East Community Development District.

By: 	 Title: 	 Date: 	

•

Poitras East Community Development District	6

Program

PA	..AICPA'	Peer Review

Florida Institute of Certified Public Accountants

Administered in Florida
by the Florida Institute of CPAs

November 18, 2025 Antonio Grau
Grau & Associates
1001 W. Yamato Road, Suite 301 Boca Raton, FL 33431-4403

Dear Antonio Grau:

It is my pleasure to notify you that on November 18, 2025, the Florida Peer Review Committee accepted the report on the most recent System Review of your firm. The due date for your next review is December 31, 2028. This is the date by which all review documents should be completed and submitted to the administering entity.

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

Thank you for your cooperation. Sincerely,

Peer Review Team
FICPA Peer Review Committee paul@ficpa.org
850.224.2727, x5957

cc: Daniel Hevia, David Caplivski

Firm Number: 900004390114	Review Number:  616829

119 S Monroe Street, Suite 121 I Tallahassee, FL 32301I 850.224.2727, in Florida I www.ficpa.org

Poitras East Community Development District

Fiscal Year 2025 Audit

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT
ORLANDO, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

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, 2025, 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, 2025, 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 May 18, 2026, 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.

May 18, 2026

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, 2025. 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 ($12,361,237).

The change in the District’s total net position in comparison with the prior fiscal year was
$8,138,585, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2025, the District’s governmental funds reported a combined ending fund balance of $3,234,687, an increase of $1,049,975 in comparison with the prior fiscal year. A portion of the fund balance is non-spendable for prepaid items, restricted for debt service and capital projects and assigned for subsequent year’s expenditures. The remainder is unassigned fund balance which is available for spending at the District’s discretion.
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 and Developer contributions. 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.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

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

The District maintains three governmental funds 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,
		2025	2024 (Restated)	

Assets, excluding capital assets	
$	
3,557,092	
$	2,734,971	
Capital assets, net of depreciation		26,412,756		22,028,921	
Total assets		29,969,848		24,763,892	
Liabilities, excluding long-term liabilities		868,278		1,050,400	
Long-term liabilities		41,462,807		44,213,314	
Total liabilities		42,331,085		45,263,714	
Net position					
Net investment in capital assets		(14,695,914)		(22,515,130)	
Restricted for debt service		1,357,936		1,327,459	
Unrestricted		976,741		687,849	
Total net position	$	(12,361,237)	$	(20,499,822)	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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 increased during the most recent fiscal year. The majority of the increase is attributed to non-cash contributions from the Developer.
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,
	2025	2024 (Restated)	
Revenues: Program revenues:			
Charges for services	$	2,359,578	$	2,767,305	
Operating grants and contributions	62,264	69,781	
Capital grants and contributions	8,044,016	3,131,338	
General revenues:	
Unrestricted interest earnings	27,166	30,973	
Miscellaneous	13,259	293	
Total revenues	10,506,283	5,999,690	
Expenses:	
General government	116,348	129,397	
Maintenance and operations	355,831	331,971	
Conveyance of assets	-	20,974,363	
Interest	1,576,615	1,291,254	
Cost of Issuance	318,904	-	
Total expenses	2,367,698	22,726,985	
Change in net position	8,138,585	(16,727,295)	
Net position - beginning (restated)	(20,499,822)	(3,772,527)	
Net position - ending	$ (12,361,237)	$  (20,499,822)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025, was $2,367,698. 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. The decrease in current fiscal year expenses is the result of conveyances of completed infrastructure to other entities in the prior year which did not occur in the current year. Additional information related to Developer contributions and the District’s capital assets is reflected in the notes to the financial statements.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets

At September 30, 2025, the District had $26,448,865 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $36,109 has been taken, which resulted in a net book value of $26,412,756. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2025, the District had $32,815,000 Bonds outstanding for its governmental activities. Additionally, the District had one promissory note in the amount of $8,761,351 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.

Subsequent to year end, the District issued a $170,000 Promissory Note to the Developer in exchange for certain real property (“Centerline Drive Segment H-2”). This Promissory Note is dated October 30, 2025 and bears no interest. The Note is expected to be paid with future bond proceeds.

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, 2025

Governmental
		   Activities		
ASSETS			
Cash	$	980,024	
Due from Developer		48	
Assessments receivable		366	
Interest receivable		6,601	
Prepaid items Restricted assets:		26,263	
Investments		2,543,790	
Capital assets:			
Nondepreciable		25,828,406	
Depreciable, net		      584,350 	
Total assets		    29,969,848 	
LIABILITIES			
Accounts payable and accrued expenses		88,502	
Retainage payable		233,903	
Accrued interest payable		545,873	
Non-current liabilities:			
Due within one year
Due in more than one year		510,000
    40,952,807 	
Total liabilities		    42,331,085 	
NET POSITION			
Net investment in capital assets		(14,695,914)	
Restricted for debt service		1,357,936	
Unrestricted		      976,741 	
Total net position	 $		(12,361,237)	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT	
ORLANDO, FLORIDA	
STATEMENT OF ACTIVITIES	
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025	
Net (Expense)	
Revenue and	
Changes in Net	
		Program Revenues				Position	
		Charges	Operating	Capital			
		for	Grants and	Grants and	Governmental	
Functions/Programs	Expenses	Services	Contributions	Contributions		Activities	
Primary government: Governmental activities:									
General government	$	116,348	$	116,348	$	-	$	-	$	-	
Maintenance and operations	355,831	610,150		-	8,044,016		8,298,335	
Interest on long-term debt	1,576,615	1,633,080	62,264		-		118,729	
Bond issuance costs	318,904	-		-		-		(318,904)	
Total governmental activities	2,367,698	2,359,578	62,264	8,044,016		8,098,160	
	
General revenues:				
		Investment earnings			27,166	
		Miscellaneous			13,259 	
		Total general revenues			40,425 	
	Change in net position		8,138,585	
	Net position - beginning (Restated)			(20,499,822)	
	Net position - ending		 $		(12,361,237)	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT	
ORLANDO, FLORIDA	
BALANCE SHEET	
GOVERNMENTAL FUNDS	
SEPTEMBER 30, 2025	
			
          Major Funds			
Total	
			Debt		Capital	Governmental	
	General	Service	Projects	Funds	
ASSETS							
Cash	$	980,024	$	-	$	-	$	980,024	
Investment		-	1,897,978	645,812	2,543,790	
Due from Developer		-		-	48	48	
Assessments receivable		96		270	-	366	
Interest receivable		-	5,561	1,040	6,601	
Prepaid items		26,263		-	-	26,263	
Total assets	$ 1,006,383	$ 1,903,809	$	646,900	$	3,557,092	

LIABILITIES AND FUND BALANCES		
Liabilities:		
Accounts payable	$	29,642	$	-	$	58,860	$	88,502	
Retainage Payable	-	-	233,903	233,903	
Total liabilities	29,642	-	292,763	322,405	

Fund balances: Nonspendable:
Prepaid items	26,263	-	-	26,263	
Restricted for:					
Debt service	-	1,903,809	-	1,903,809	
Capital projects	-	-	354,137	354,137	
Assigned to:	
Subsequent year's expenditures	64,764	-	-	64,764	
Unassigned	885,714	-	-	885,714	
Total fund balances	976,741	1,903,809	354,137	3,234,687	
Total liabilities and fund balances	$ 1,006,383	$ 1,903,809	$	646,900	$	3,557,092	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2025	
Fund balance - governmental funds	$	3,234,687	
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	

26,448,865
	(36,109)	

26,412,756	
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 Bonds and notes payable	

(545,873)
(8,761,351)
 (32,701,456)		

(42,008,680)	
Net position of governmental activities	 $		(12,361,237)	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds		Total
Debt		Capital	Governmental General	Service	Projects		Funds
REVENUES									
Assessments	$	726,498	$	1,633,080	$	-	$	2,359,578	
Developer Contributions		-		-	26	3,336		263,336	
Miscellaneous revenue		-		-		13,259		13,259	
Interest income		27,166		62,264		2,548		91,978	
Total revenues		753,664		1,695,344	27	9,143		2,728,151	

EXPENDITURES
Current:
General government	116,348	-	-	116,348	
Maintenance and operations	348,424	-	-	348,424	
Debt service:					
Principal	-	8,711,550	-	8,711,550	
Interest	-	1,526,678	-	1,526,678	
Bond issuance costs	-	-	318,904	318,904	
Capital outlay	-	-	4,065,223	4,065,223	
Total expenditures	464,772	10,238,228	4,384,127	15,087,127	

Excess (deficiency) of revenues					
over (under) expenditures	288,892	(8,542,884)	(4,104,984)	(12,358,976)	

OTHER FINANCING SOURCES (USES)								
Bond anticipation note proceeds Bond proceeds		-
-		534,890
8,084,203		3,864,061
925,797	4,398,951
9,010,000	
Total other financing sources (uses)		-		8,619,093		4,789,858	13,408,951	

Net change in fund balances		
288,892		
76,209		
684,874	
1,049,975	
Fund balances - beginning		687,849		1,827,600		(330,737)	2,184,712	

Fund balances - ending	
$	
976,741	
$	
1,903,809	
$	
354,137	$  3,234,687	

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net change in fund balances - total governmental funds	$	1,049,975	
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.	

4,065,223	
Governmental funds report the face amount of long-term debts 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.	

(13,408,951)	
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)	
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.	

8,711,550	
The statement of activities reports noncash contributions as revenues, but these revenues are not reported in the governmental fund financial statements.	

7,778,132	
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.		(45,732)
Change in net position of governmental activities	 $	8,138,585 

See notes to the financial statements

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
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 exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2025, 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 are 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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

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

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

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

The District reports the following major governmental funds:

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

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
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	
Infrastructure	25	

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized 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 nonspendable 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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments
The District’s investments were held as follows at September 30, 2025:

  Amortized cost	Credit Risk	Maturities	

U.S. Bank Mmkt 5 - Ct	 $	2,543,790 	N/A	N/A	
Total Investments	 $	2,543,790 			

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, 2025 was as follows:	

Governmental activities
Capital assets, not being depreciated Infrastructure under construction
Total capital assets, not being depreciated	Beginning
Balance	Additions

$	21,763,183	$	4,065,223
21,763,183	4,065,223	
Reductions

$	-
-	

$	Ending Balance

25,828,406
25,828,406	

Capital assets, being depreciated Improvements other than buildings Infrastructure
Total capital assets, being depreciated	

294,440
- 294,440	

- 326,019
326,019	

-
-
-		

294,440
326,019
620,459	

Less accumulated depreciation for: Improvements other than buildings
Total accumulated depreciation	

28,702
28,702	

7,407
7,407	

-
-		

36,109
36,109	

Total capital assets, being depreciated, net	
265,738	
318,612	
-		
584,350	

Governmental activities capital assets, net	
$  22,028,921	$	4,383,835	
$	-	
$	
26,412,756	

The total projected cost of the capital improvement project (CIP) for the District has been estimated at approximately $63.5 million. The infrastructure will include major transportation roadway improvements, potable water and wastewater systems, storm water drainage system improvements, and recreational facilities. The remainder of the Project not previously funded with proceeds of 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.
Developer contributions to the capital projects fund for the current fiscal year were $589,355 of which
$326,019 is a donation of completed infrastructure.

NOTE 6 – LONG-TERM LIABILITIES

Bond Anticipation Notes, Series 2020
In July 2020, the District obtained a Bond Anticipation Draw Note (the “BAN”) in an amount not to exceed
$25 million with a fixed interest rate of 4.25%. The BAN 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. In the prior fiscal year, with the consent of the owner of the Note, the maturity date was extended to September 30, 2025. During the current fiscal year, the BAN was paid off with a portion of the Series 2025 proceeds. See table below for total draw made before the BAN was paid off.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

Promissory Notes
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 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.
However, 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 $7,452,113 (“remaining contribution”). During the current fiscal year, 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 $8,761,351 which represents the original balance of the 2023 Promissory Note less the remaining contribution.

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, 2025.

Series 2025
On September 18, 2025, the District issued $9,010,000 of Special Assessment Revenue Bonds, Series 2025 consisting of multiple term bonds with due dates ranging from May 1, 2035 to May 1, 2055, and fixed interest rate ranging from 4.875% to 6.100%. The Bonds were issued to finance a portion of the cost of the Series 2025 Project and repay the revolving line of credit secured by the reissued 2020 BAN. Interest is to be paid semiannually on each November 1 and May 1, commencing May 1, 2026. Principal on the Bonds is to be paid serially commencing May 1, 2026 through May 1, 2055.
The Series 2025 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.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

Series 2025 (Continued)
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, 2025.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2025, were as follows:

Beginning
Balance	Ending	Due Within One
(Restated)	Additions	Reductions	Balance	Year
Governmental activities											
Direct borrowings:
Bond Anticipation Notes: Series 2020	

$	

3,882,599	

$	

4,398,951	

$	

8,281,550	

$	

-	

$	

-	
Subtotal		3,882,599		4,398,951		8,281,550		-		-	
Promissory Notes:
Luminary Boulevard Phase 1A and 1B		

16,213,464		

-		

7,452,113		

8,761,351		

-	
Subtotal		16,213,464		-		7,452,113		8,761,351		-	
Series 2023		24,235,000		-		430,000		23,805,000		450,000	
Less: original issue discount
Series 2025		117,749
-		-
9,010,000		4,205
-		113,544
9,010,000		-
60,000	
Subtotal		24,117,251		9,010,000		425,795		32,701,456		510,000	
Total	$	44,213,314	$	13,408,951	$	16,159,458	$	41,462,807	$	510,000	

At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows:

	Governmental Activities	
Year ending							
  September 30:		Principal			Interest			Total		
2026	$	510,000	$	1,500,530	$	2,010,530	
2027		595,000		1,670,716		2,265,716	
2028		625,000		1,647,241		2,272,241	
2029		655,000		1,622,578		2,277,578	
2030		680,000		1,595,720		2,275,720	
2031-2035		3,905,000		7,528,541		11,433,541	
2036-2040		4,990,000		6,496,116		11,486,116	
2041-2045		6,480,000		5,050,781		11,530,781	
2046-2050		8,490,000		3,104,255		11,594,255	
2051-2055		    5,885,000			777,358			6,662,358 	
Total	 $  32,815,000	$  30,993,836	$  63,808,836 

NOTE 7 – 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, in the prior fiscal year, the District advanced and paid $150,143 of expenditures that benefitted a property owned by the Developer. The Developer had agreed to reimburse the District. This was done during the current fiscal year. See Note 5 and 6 for other Developer transactions.

NOTE 8 – CONCENTRATION

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 9 – PRIOR PERIOD ADJUSTMENT

The 2025 report has adjusted the following items listed in the 2024 report:
Governmental
	Activities	

Net position - as previously stated	$	(20,424,822)	
Understatement of debt		(75,000)	
Net position - as restated	 $		(20,499,822)	

NOTE 10 – MANAGEMENT COMPANY
The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 11 – COMMITMENTS AND CONTINGENCIES
As of September 30, 2025, the District had open contracts for various construction projects. The contracts totaled approximately $6.2 million, of which approximately $1.5 million was uncompleted at September 30, 2025.

NOTE 12 – 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 13 – SUBSEQUENT EVENTS

Subsequent to year end, the District issued a $170,000 Promissory Note to the Developer in exchange for certain real property (“Centerline Drive Segment H-2”). This Promissory Note is dated October 30, 2025 and bears no interest. The Note is expected to be paid with future bond proceeds.

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Variance with
Budgeted		Final Budget -	
	Amounts		Actual	Positive	
Original & Final	Amounts	(Negative)	

REVENUES		
Assessments	$	722,450	$	726,498	$	4,048	
Interest	4,000	27,166	23,166	
Total revenues		726,450	753,664		27,214	
EXPENDITURES						
Current:						
General government		157,988	116,348		41,640	
Maintenance and operations		651,429	348,424		303,005	
Total expenditures		809,417	464,772		344,645	

OTHER FINANCING SOURCES (USES)						
Carry forward		82,967	-		(82,967)	
Total other financing sources (uses)		82,967	-		(82,967)	

Net change in fund balances	
 $		
-		
288,892	
 $		
288,892 	
Fund balance - beginning			687,849 			
Fund balance - ending		 $		976,741 			

See notes to required supplementary information

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).
The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 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	$79,924.51	
Construction projects to begin on or after October 1; ($65K)	None	

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 - $34,987.37
Debt service:
$691.06 - $2,176.66	
Special assessments collected	$2,359,578	
Outstanding Bonds:	see Note 6 for details	

Independent contractors are 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, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated May 18, 2026.
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.

May 18, 2026

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 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, 2025. 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, 2025.
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.

May 18, 2026

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

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF 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, 2025, and have issued our report thereon dated May 18, 2026.

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 May 18, 2026, 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’s 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.

May 18, 2026

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, 2024.
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, 2025.
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, 2025.
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, 2025. 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.

Poitras East Community Development District

2026 District Infrastructure Assessment Report

DISTRICT INFRASTRUCTURE ASSESSMENT REPORT
POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT

APRIL 30, 2026

for:
POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT ORLANDO, FLORIDA

by:
McINTOSH ASSOCIATES, an LJA COMPANY 1950 SUMMIT PARK DRIVE, SUITE 600
ORLANDO, FL 32810

District Infrastructure Assessment Report Poitras East Community Development District
April 30, 2026

Introduction

In accordance with Poitras East Community Development District Goals, Objectives and Performance Measures and Standards, the District Engineer conducts an annual inspection of the District’s infrastructure and related systems. The purpose of this inspection is to evaluate the overall condition, functionality, and maintenance needs of the district’s assets to ensure they continue to meet operational, safety, and community standards.

This report serves as the formal record of the Fiscal Year 2026 inspection, providing documentation and findings consistent with the District’s established performance standards. The following sections outline the observations resulting from the current inspection cycle.
Hardscape, Landscape, and Irrigation Facilities
Hardscape, landscape, and irrigation facilities within the public road rights-of-way are owned and maintained by the District. These facilities are inspected throughout the year by the District’s landscape and irrigation supervisors and are not included in this annual inspection.

Roundabouts

The District owns and maintains the roundabout truck apron/pavers within the community development district boundary. During our inspection, we reviewed areas which were observed the previous year, noting areas that have progressed and documented additional chipped, cracked and broken pavers, worn/discolored decorative crosswalks, deteriorated thermoplastic striping, and various other conditions possibly warranting further evaluation and/or action by the District, subject to the direction of the Board of Supervisors. See Appendix A for photographs of specific observations and a key map showing the location of each photograph.

Neighborhood Alleys

The District owns and maintains all alleys within the community development district boundary. During our inspection, we reviewed areas which were observed the previous year, noting areas that have progressed and documented additional areas of ponding water, damaged asphalt, and various other conditions possibly warranting further evaluation and/or action by the District, subject to the direction of the Board of Supervisors. See Appendix A for photographs of specific observations and a key map showing the location of each photograph.

Wastewater Facilities

The District owns and maintains one (1) lift station. The lift station is routinely inspected and maintained by Wind River Environmental. See Appendix B for FY2026 inspection reports.

Conclusion

The annual inspection of the Poitras East Improvement District’s infrastructure and related systems has been completed in accordance with District requirements. This inspection fulfills the objective of ensuring that at least one comprehensive review of District assets is conducted and documented each fiscal year.

The findings presented in this report provide a current assessment of the condition of the District’s infrastructure. The assessment is intended to assist the District in prioritizing resources, addressing issues proactively, and sustaining long-term operational reliability.

Through the completion of this inspection and report, the District continues to uphold its commitment to maintaining safe, efficient, and functional infrastructure in service of the community.

APPENDIX A
Photos

Locations shown have been approximated.
POITRAS EAST COMMUNITY DEVELOPMENT DISTRICT PHOTO KEY MAP

AERIAL PHOTO
Roundabout at Centerline Drive and Luminary Boulevard

Photo 1 - Damage to Concrete Curb Along Truck Apron (No Observed Changes) (Refer to Prior Photo 1 – 2025 Assessment)

Photo 2 - Deterioration of Thermoplastic and Worn Coloration (No Observed Changes) (Refer to Prior Photo 4 – 2025 Assessment)

Photo 3 - Deterioration of Thermoplastic and Worn Coloration (No Observed Changes) (Refer to Prior Photo 5 – 2025 Assessment)

AERIAL PHOTO
Roundabout at Luminary Boulevard and Pearson Avenue

Photo 4 - Broken Concrete Pavers on Truck Apron (No Observed Changes) (Refer to Prior Photo 6 – 2025 Assessment)

Photo 5 - Broken Concrete Pavers on Truck Apron (Increased Damage Observed) (Refer to Prior Photo 8 – 2025 Assessment)

Photo 6 - Deteriorating Thermoplastic and Worn Coloration (No Observed Changes) (Refer to Prior Photo 11 – 2025 Assessment)

Photo 7
Deteriorating Thermoplastic and Worn Coloration (Further Deterioration Observed) (Refer to Prior Photo 13 – 2025 Assessment)

AERIAL PHOTO
Roundabout at Luminary Boulevard and Selten Way

Photo 8 - Deteriorating Thermoplastic and Worn Coloration (No Observed Changes) (Refer to Prior Photo 14 – 2025 Assessment)

Photo 9 - Deteriorating Thermoplastic and Worn Coloration (No Observed Changes) (Refer to Prior Photo 15 – 2025 Assessment)

Photo 10 - Uneven Concrete Pavers on Truck Apron (No Observed Changes) (Refer to Prior Photo 18 – 2025 Assessment)

Photo 10.1 - Damage to Concrete Curb Along Truck Apron (New Photo – 2026 Assessment)

Photo 11
Deteriorating Thermoplastic and Worn Coloration (Further Deterioration Observed) (Refer to Prior Photo 21 – 2025 Assessment)

AERIAL PHOTO
Laureate Park South – Alleys

Photo 12 - Laggett Alley – Asphalt Damage (No Observed Changes) (Refer to Prior Photo 26 – 2025 Assessment)

Photo 13- Laggett Alley – Asphalt Damage (No Observed Changes) (Refer to Prior Photo 27 – 2025 Assessment)

Photo 14 - Laggett Alley – Asphalt Damage (No Observed Changes) (Refer to Prior Photo 28 – 2025 Assessment)

Photo 15 - Marconi Alley – Deterioration of Thermoplastic and Gouged Asphalt (No Observed Changes) (Refer to Prior Photo 30 – 2025 Assessment)

Photo 16 - Bragg Alley – Scarred Asphalt (No Observed Changes) (Refer to Prior Photo 31 – 2025 Assessment)

Photo 16.1 - Bragg Alley – Low Spot in Ribbon Curb, Concrete on Valley Gutter (New Photo – 2026 Assessment)

AERIAL PHOTO
Laureate Park South – Alleys

Photo 17 - Rostand Alley – Low Spot In Valley (New Alley - New Photo – 2026 Assessment)

Photo 18 - Fiddley Alley – Asphalt Damage (New Alley - New Photo – 2026 Assessment)

Photo 19 - Fiddley Alley – Concrete Spilled into Asphalt (New Alley - New Photo – 2026 Assessment)

Photo 20 - Gobat Alley – Asphalt Damage (New Alley - New Photo – 2026 Assessment)

Photo 21 - Hasselmann Alley – Asphalt Damage (New Alley - New Photo – 2026 Assessment)

Photo 22 - Ganzel Alley – Asphalt Raveling (New Alley - New Photo – 2026 Assessment)

APPENDIX B
Wind River Environmental Inspection Reports

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487079615
Service Type: Inspections
Service Date: 10/29/2025
Service Time: 12:32 PM - 12:51 PM
Tech Name: Rocky Reeves Sr	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Jeff/OFC
Email: LaneA@pfm.com jjnewton@dwma.com Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Inspect-C-Service Call-Lift Station (Eval 1st hour)	1.00	$150.0000	$150.00	
Energy Charge	1.00	$25.0000	$25.00	
		
Subtotal:	
$175.00	
		Tax:	$0.00	
		Total:	$175.00	

System Recommendations	

Recommend Eval/Custom Cleaning.	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Performed a Lift Station inspection. Work performed today included: Inspection of wet well and valve box and control panel and ran station through a complete cycle to insure that the station is working as it should. Recommend Eval/Custom Cleaning. Alarm beacon is not working.	

X

Customer Signature

Generated on : 10/29/2025 12:38 PM

Generated on : 10/29/2025 12:41 PM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Check	Service Information
WO #: 8487096569
Service Type: Repairs
Service Date: 11/17/2025 Service Time: 9:51 AM - 1:20 PM Tech Name: Rocky Reeves Sr	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Jeff/OFC
Email: LaneA@pfm.com jjnewton@dwma.com Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Repair-C-Pump Service Evaluation Only	1.00	$157.5000	$157.50	
		
Subtotal:	
$0.00	
		Tax:	$0.00	
		Total:	$0.00	

System Recommendations	

Recommend Eval/Custom Cleaning.	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Work performed today included: Met with customer and went over the issues found at the station. Recommend Eval/Custom Cleaning. Need a battery for emergency back up and new alarm beacon and new emergency service sign.	

X

Customer Signature

Generated on : 11/17/2025 01:13 PM

Generated on : 11/17/2025 01:13 PM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487098895
Service Type: Projects
Service Date: 12/10/2025 Service Time: 5:18 PM - 6:36 PM Tech Name: JC Martinez	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Jeff/OFC
Email: LaneA@pfm.com jjnewton@dwma.com Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Energy Charge	1.00	$25.0000	$25.00	
Project-C-Cleaning, Other	1.00	$1,250.0000	$1,250.00	
		
Subtotal:	
$1275.00	
		Tax:	$0.00	
		Total:	$1275.00	

System Recommendations	

No system recommendations	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Work performed today included: Vac out lift station remove grease build up solids sludge debris trash rags clean walls pipe floats to bottom. Per call.	

X

Customer Signature

Generated on : 12/10/2025 06:33 PM

Generated on : 12/10/2025 06:34 PM

Generated on : 12/10/2025 06:34 PM

Generated on : 12/10/2025 06:34 PM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487089233
Service Type: Inspections Service Date: 01/29/2026 Service Time: 9:24 AM - 9:42 AM Tech Name: Diana Gamble	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Jeff/OFC
Email: LaneA@pfm.com jjnewton@dwma.com Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Inspect-C-Service Call-Lift Station (Eval 1st hour)	1.00	$150.0000	$150.00	
Energy Charge	1.00	$25.0000	$25.00	
		
Subtotal:	
$175.00	
		Tax:	$0.00	
		Total:	$175.00	

System Recommendations	

No system recommendations	

Location Comments	

LS code: 0131	

Tech Notes	

Performed a Lift Station inspection. Work performed today included: Monthly lift station inspection.	

X

Customer Signature

Generated on : 01/29/2026 09:28 AM

Generated on : 01/29/2026 09:39 AM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice

Service Information
WO #: 8487108161
Service Type: Inspections Service Date: 03/05/2026 Service Time: 3:20 PM - 8:08 AM Tech Name: Scotty Frometa

Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Robert Schanck/OFC Email: LaneA@pfm.com rschanck@lja.com
Phone: 407-644-4068

Service Description	Qty	Unit Price	Ext. Price	
Inspect-C-Service Call-Lift Station (Eval 1st hour)	1.00	$0.0000	$0.00	
		
Subtotal:	
$0.00	
		Tax:	$0.00	
		Total:	$0.00	

System Recommendations	

Recommend Eval/Custom Cleaning.	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Performed a Lift Station inspection. Work performed today included: Technician inspected and ran through a complete cycle to ensure functionality of the lift station. Technician inspected the pumps, valves, float switches, and control panel to ensure station functionality. Cover was accessed and secured properly upon completing the inspection. Both pumps pull around 50 amps, station is running well. Recommend Eval/Custom Cleaning. Will need a clean soon especially the float switches.	

X
Customer Signature

Generated on : 03/05/2026 03:21 PM

Generated on : 03/05/2026 03:22 PM

Generated on : 03/05/2026 03:22 PM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487095092
Service Type: Inspections
Service Date: 03/17/2026
Service Time: 12:47 PM - 12:55 PM
Tech Name: Scotty Frometa	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Robert Schanck/OFC Email: LaneA@pfm.com rschanck@lja.com
Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Inspect-C-Service Call-Lift Station (Eval 1st hour)	1.00	$144.4600	$144.46	
Energy Charge	1.00	$25.0000	$25.00	
		
Subtotal:	
$169.46	
		Tax:	$0.00	
		Total:	$169.46	

System Recommendations	

No system recommendations	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Performed a Lift Station inspection. Work performed today included: Technician inspected and ran through a complete cycle to ensure functionality of the lift station. Technician inspected the pumps, valves, float switches, and control panel to ensure station functionality. Cover was accessed and secured properly upon completing the inspection. Pumps pull 50 amps, station is running great.	

X

Customer Signature

Generated on : 03/17/2026 12:49 PM

Generated on : 03/17/2026 12:50 PM

Generated on : 03/17/2026 12:53 PM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487098320
Service Type: Inspections
Service Date: 04/09/2026
Service Time: 9:13 AM - 10:24 AM
Tech Name: Tywan Moss	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Robert Schanck/OFC Email: LaneA@pfm.com rschanck@lja.com
Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Inspect-C-Service Call-Lift Station (Eval 1st hour)	1.00	$150.0000	$150.00	
Energy Charge	1.00	$25.0000	$25.00	
		
Subtotal:	
$175.00	
		Tax:	$0.00	
		Total:	$175.00	

System Recommendations	

Recommend Vactor Services.	• Recommend Lift Station/Pump Repairs.	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Performed a Lift Station inspection. Work performed today included: Performed a Lift Station inspection today. The work included inspecting the wet well, valve box, and panel, and running the station through a complete cycle to ensure it’s functioning properly. The technician found that pump 1 is drawing around 30 amps and pump 2 is drawing around 50 amps. Due to the grease buildup in the wet well, the technician recommended cleaning it. Additionally, since the amps are different, it’s recommended to pull both pumps. Recommend Vactor Services. Performed a Lift Station inspection today. The work included inspecting the wet well, valve box, and panel, and running the station through a complete cycle to ensure it’s functioning properly. The technician found that pump 1 is drawing around 30 amps and pump 2 is drawing around 50 amps. Due to the grease buildup in the wet well, the technician recommended cleaning it. Additionally, since the amps are different, it’s recommended to pull both pumps. Recommend Lift Station/Pump Repairs. EMERGENCY follow up is required!.	

X

Customer Signature

Generated on : 04/09/2026 09:13 AM

Generated on : 04/09/2026 09:15 AM

Generated on : 04/09/2026 09:15 AM

Generated on : 04/09/2026 09:16 AM

Generated on : 04/09/2026 09:22 AM

Generated on : 04/09/2026 09:29 AM

Generated on : 04/09/2026 09:30 AM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487112649
Service Type: Projects
Service Date: 04/20/2026 Service Time: 1:59 PM - 4:56 PM Tech Name: Cruz Colon	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Robert Schanck/OFC Email: LaneA@pfm.com rschanck@lja.com
Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Project-C-Hours-Vactor/Hi-Vac Truck	1.00	$1,275.0000	$1,275.00	
Fuel / Energy Recovery	1.00	$25.0000	$25.00	
		
Subtotal:	
$1300.00	
		Tax:	$0.00	
		Total:	$1300.00	
[+] [-] - Indicates service or quantity changed based on services provided				

System Recommendations	

No system recommendations	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Work performed today included: LS - clean.	

X

Customer Signature

Generated on : 04/20/2026 02:00 PM

Generated on : 04/20/2026 02:21 PM

Generated on : 04/20/2026 02:29 PM

Generated on : 04/20/2026 04:12 PM

We Keep Life Flowing!

For Emergencies Call
Customer Service Report	800-499-1682
We appreciate your business!

This is not an invoice.

Customer Information
Name: Poitras East Community District
Customer Id: 2643477 Email: LaneA@pfm.com Phone: 407-723-5925
Payment Type: Invoice	Service Information
WO #: 8487113483
Service Type: Repairs
Service Date: 04/28/2026
Service Time: 4:03 PM - 10:42 AM
Tech Name: Eddie Fender	Location Information Site Name: LS - Lake Nona Greenwood
Address:
14068 Progression Way
Orlando, FL 32827
Name: Robert Schanck/OFC Email: LaneA@pfm.com rschanck@lja.com
Phone: 407-644-4068	

Service Description	Qty	Unit Price	Ext. Price	
Repair-C-Service Evaluation Only	1.00	$655.9300	$655.93	
Energy Charge	1.00	$25.0000	$25.00	
Repair-C-Emergency-Weekday call after 2 PM	1.00	$319.0700	$319.07	
		
Subtotal:	
$1000.00	
		Tax:	$0.00	
		Total:	$1000.00	
[+] [-] - Indicates service or quantity changed based on services provided				

System Recommendations	

Recommend Lift Station/Pump Repairs.	

Location Comments	

LS code: 0131	

Tech Notes	

Cover was accessed and properly secured. Work performed today included: Arrived at station for emergency call. Upon arrival I noticed that pump 1 4inch check valve was bad , stop pump 1 from pumping, pump 2 have a bad overload making it keep tripping at 44amp , so to make it work until it gets fixed, I put pump 1 on pump 2 side so station will pump down in auto. Recommend 1 new 4inch check valves, 1new overload. Station is operating with 1 pump in auto. Arrived at station for emergency call. Upon arrival I noticed that pump 1 4inch check valve was bad , stop pump 1 from pumping, pump 2 have a bad overload making it keep tripping at 44amp , so to make it work until it gets fixed, I put pump 1 on pump 2 side so station will pump down in auto. Recommend 1 new 4inch check valves, 1new overload.
Station is operating with 1 pump in auto. Recommend Lift Station/Pump Repairs.	

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Customer Signature

Generated on : 04/28/2026 04:04 PM

Generated on : 04/28/2026 04:08 PM

Generated on : 04/28/2026 04:10 PM

Generated on : 04/28/2026 04:25 PM

Generated on : 04/28/2026 05:21 PM

Poitras East Community Development District

1st Amendment to Personnel Leasing Agreement with Berman
(provided under separate cover)

Poitras East Community Development District

Operation and Maintenance Expenditures Paid in May 2026 in an amount totaling $40,578.26 (provided under separate cover)

Poitras East Community Development District

Work Authorization/Proposed Services
(if applicable)

Poitras East Community Development District

District’s Financial Position and Budget to Actual YTD
(provided under separate cover)