Preston Cove Community Development District
Agenda January 26, 2023

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Preston Cove
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

January 19, 2023

Board of Supervisors Preston Cove
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the Preston Cove Community Development District will be held on Thursday, January 26, 2023 at 9:00 AM at 8 Broadway, Suite 104, Kissimmee, FL 34741.

Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Review of Proposals and Tally of Audit Committee Members Rankings
DiBartolomeo, McBee, Hartley & Barnes
Grau & Associates
Adjournment

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the October 27, 2022 Board of Supervisors Meeting and the October 27, 2022 Audit Committee Meeting
Acceptance of Audit Committee Recommendation and selection of the #1 Ranked Firm to Provide Auditing Services for the Fiscal Year 2022
Consideration of Osceola County Property Appraiser Agreement
Staff Reports
Attorney
Engineer
District Manager’s Report

Balance Sheet and Income Statement
Ratification of Funding Request #16- #19
Other Business
Supervisors Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,
George S. Flint
George S. Flint District Manager

CC:	Jan Carpenter, District Counsel

Enclosures

Audit Committee

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Preston Cove CDD Auditor Selection	
	
Ability of Personnel (20 pts)	
Proposer's Experience (20 pts)	
Understading of Scope of Work (20 pts)	
Ability to Furnish the Required Services (20 pts)	

Price (20 pts)	
Total Points Earned	
Ranking
(1 being highest)	
					
2022- $3,250			
DiBartolomeo, McBee,					2023- $3,350
2024- $3,450			
Hartley & Barnes					2025- $3,500
2026- $3,650			
					Total: $17,200			
					
2022- $4,000			
					2023- $4,100			
Grau & Associates					2024- $4,200
2025- $4,300			
					2026- $4,400			
					Total: $21,000			

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Preston Cove Community Development District

Proposer

DiBartolomeo, McBee, Hartley & Barnes, P.A. Certified Public Accountants
2222 Colonial Road, Suite 200 Fort Pierce, Florida 34950 (772) 461-8833
591 SE Port St. Lucie Boulevard Port Saint Lucie, Florida 34984 (772) 878-1952

Contact:

Jim Hartley, CPA Principal

TABLE OF CONTENTS

Letter of Transmittal Professional Qualifications
Professional Staff Resources	1-2
Current and Near Future Workload	2
Identification of Audit Team	2
Resumes	3-5
Governmental Audit Experience	6
Additional Data
Procedures for Ensuring Quality Control & Confidentiality	7
Independence	7-8
Computer Auditing Capabilities	8
Contracts of Similar Nature	9
Technical Approach
Agreement to Meet or Exceed the Performance Specifications	10
Tentative Audit Schedule	11
Description of Audit Approach	12-15
Proposed Audit Fee	16

DMHB	DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS	

Preston Cove
Community Development District Audit Selection Committee

Dear Committee Members:

We are pleased to have this opportunity to present the qualifications of DiBartolomeo, McBee, Hartley & Barnes, P.A. (DMHB) to serve as Preston Cove Community Development District’s independent auditors. The audit is a significant engagement demanding various professional resources, governmental knowledge and expertise, and, most importantly, experience serving Florida local governments. DMHB understands the services required and is committed to performing these services within the required time frame. We have the staff available to complete this engagement in a timely fashion. We audit several entities across the State making it feasible to schedule and provide services at the required locations.
Proven Track Record— Our clients know our people and the quality of our work. We have always been responsive, met deadlines, and been willing to go the extra mile with the objective of providing significant value to mitigate the cost of the audit. This proven track record of successfully working together to serve governmental clients will enhance the quality of services we provide.
Experience—DMHB has a history of providing quality professional services to an impressive list of public sector clients in Florida. We currently serve a large number of public sector entities in Florida, including cities, villages, special districts, as well as a large number of community development districts. Our firm has performed in excess of 100 community development district audits. In addition, our senior management team members have between 25 and 35 years experience in serving Florida governments. DMHB is a recognized leader in providing services to governmental and non-profit agencies within the State of Florida. Through our experience in performing audits, we have been able to increase our audit efficiency and therefore reduce cost. We have continually passed this cost saving on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications in accordance with audit 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 with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up to date on all changes that are occurring within the industry.

2222 Colonial Road, Suite 200• Fort Pierce, Florida 34950•772-461-8833 • Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., •Port St. Lucie, Florida 34984•772-878-1952•Fax: 772-878-1709
Member AICPA	Member AICPA Division for CPA Firms	Member AICPA Private Company Practice Section

WWW.DMHBCPA.NET

Timeliness – In order to meet the Districts needs, we will perform interim internal control testing by January 31st from unaudited preliminary general ledgers provided. The remaining testing will be completed no later than May 1st. We will also review all minutes and subsequent needs related to the review of the minutes by January 31st. Follow up review will be completed as necessary.

Communication and Knowledge Sharing— Another driving force behind our service approach is frequent, candid and open communication with management with no surprises. During the course of the audit, we will communicate with management on a regular basis to provide you with a status report on the audit and to discuss any issues that arise, potential management letter comments, or potential audit differences.

In the accompanying proposal, you will find additional information upon which you can evaluate DMHB’s qualifications. Our full team is in place and waiting to serve you. Please contact us at 2222 Colonial Road, Suite 200 Fort Pierce, FL 34950. Our phone number is (772) 461-8833. We look forward to further discussion on how our team can work together with you.

Very truly yours,

DiBartolomeo, McBee, Hartley & Barnes, P.A.

PROFESSIONAL QUALIFICATIONS

DiBartolomeo, McBee, Hartley & Barnes, P.A. is a local public accounting firm with offices in the cities of Fort Pierce and Port St. Lucie. The firm was formed in 1982.

Professional Staff Resources

Our services will be delivered through personnel in both our Port St. Lucie and Ft. Pierce offices, located at 591 S.E. Port St. Lucie Blvd., Port St. Lucie, FL 34984 and 2222 Colonial Road, Suite 200, Fort Pierce, Florida 34950, respectively. DMHB has a total of 19 professional staff including 9 with extensive experience serving governmental entities.

Professional Staff	Number of	
Classification	Professionals	
Partner	4	
Managers	2	
Senior	2	
Staff	11	
	19	

DiBartolomeo, McBee, Hartley & Barnes provides a variety of accounting, auditing, tax litigation support, estate planning, and consulting services. Some of the governmental, non-profit accounting, auditing and advisory services currently provided to clients include:

Annual financial and compliance audits including Single Audits of State and Federal financial assistance programs under the OMB A-133 audit criteria

Issuance of Comfort Letters, consent letters, and parity certificates in conjunction with the issuance of tax-exempt debt obligations, including compiling financial data and interim period financial statement reviews

Assisting in compiling historical financial data for first-time and subsequent submissions for the GFOA Certificate of Achievement for Excellence in Financial Reporting

1

PROFESSIONAL QUALIFICATIONS (CONTINUED)

Professional Staff Resources (Continued)

Audits of franchise fees received from outside franchisees

Preparation of annual reports to the State Department of Banking and Finance

Audits of Internal Controls – Governmental Special Project

Assistance with Implementation of current GASB pronouncements

Current and Near Future Workload
In order to better serve and provide timely and informative financial data, we have comprised an experienced audit team. Our present and future workloads will permit the proposed audit team to perform these audits within the time schedule required and meet all deadlines.

Identification of Audit Team

The team is composed of people who are experienced, professional, and creative. They fully understand your business and will provide you with reliable opinions. In addition, they will make a point to maintain ongoing dialogue with each other and management about the status of our services.

The auditing firm you select is only as good as the people who serve you. We are extremely proud of the outstanding team we have assembled for your engagement. Our team brings many years of relevant experience coupled with the technical skill, knowledge, authority, dedication, and most of all, the commitment you need to meet your government reporting obligations and the challenges that will result from the changing accounting standards.

A flow chart of the audit team and brief resumes detailing individual team members’ experience in each of the relevant areas follow.

Jim Hartley, CPA – Engagement Partner (resume attached) Will assist in the field as main contact

Jay McBee, CPA – Technical Reviewer (resume attached) Christine Kenny, CPA – Senior (resume attached)

2

Jim Hartley
Partner – DiBartolomeo, McBee, Hartley & Barnes

Experience and Training

Jim has over 35 years of public accounting experience and would serve as the engagement partner. His experience and training include:

35 years of non-profit and governmental experience.
Specializing in serving entities ranging from Government to Associations and Special District audits.
Has performed audits and advisory services for a variety of public sector entities.
Has extensive experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines.
Experienced in maintaining the GFOA Certificate of Achievement.
120 hours of CPE credits over the past 3 years.

Recent Engagements

Has provided audit services on governmental entities including towns, villages, cities, counties, special districts and community development districts. Jim has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Jim currently provides internal audit and consulting services to governmental entities and non-profit agencies to assist in implementing and maintaining “best practice” accounting policies and procedures. Jim provides auditing services to the Fort Pierce Utilities Authority, St. Lucie County Fire District, City of Port St. Lucie, Tradition CDD #1 – 10, Southern Groves CDD #1-6, Multiple CDD audits, Town of St. Lucie Village, Town of Sewall’s Point, Town of Jupiter Island along with several other entities, including Condo and Homeowner Associations.

Education and Registrations

Bachelor of Science in Accounting – Sterling College.
Certified Public Accountant

Professional Affiliations

Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association

Volunteer Service

Treasurer & Executive Board - St. Lucie County Chamber of Commerce
Budget Advisory Board - St. Lucie County School District
Past Treasurer - Exchange Club for Prevention of Child Abuse & Exchange Foundation Board
Board of Directors – State Division of Juvenile Justice

Jay L. McBee
Partner – DiBartolomeo, McBee, Hartley & Barnes

Experience and Training

Jay has over 45 years of public accounting experience and would serve as the technical reviewer on the audit. His experience and training include:

45 years of government experience.
Specializing in serving local government entities.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, special districts, and school districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including Circular A-133 and the Rules of the Auditor General.
Has extensive experience in performing pension audits.
Experienced in developing and maintaining the GFOA Certificate of Achievement.
120 Hours of relevant government CPE credits over the past 3 years.
Experience in municipal bond and other governmental-financing options and offerings.

Recent Engagements

Has provided auditing services on local governmental entities including towns, villages, cities, counties, special district and community development districts. Jay has assisted with financial preparation, system implementation, and a variety of government services to a wide range of governmental entities. Jay currently provides auditing services to the City of Port St. Lucie, City of Okeechobee Pension Trust Funds, St. Lucie County Fire District Pension funds, along with several other non-profit and governmental entities.

Education and Registrations

Bachelor of Science in Accounting and Quantitative Business Management – West Virginia University.
Certified Public Accountant

Professional Affiliations

Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association

Volunteer Service

Member of the St. Lucie County Citizens Budget Committee
Finance committee for the First United Methodist Church
Treasurer of Boys & Girls Club of St. Lucie County

Christine M. Kenny, CPA
Senior Staff – DiBartolomeo, McBee, Hartley & Barnes
Experience and training
Christine has over 18 years of public accounting experience and would serve as a senior staff for the Constitutional Officers. Her experience and training include:

18 years of manager and audit experience.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, towns and special districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including Circular A-133 and the Rules of the Auditor General.
100 hours of relevant government CPE credits over the past 3 years.

Recent Engagements

Has provided audit services on governmental entities including towns, villages, cities and special districts. Christine has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Christine currently provides services to multiple agencies to assist in implementing and maintaining “best practice” accounting policies and procedures.
Engagements include St. Lucie County Fire District, City of Fort Pierce, Town of Sewall’s Point, and Town of St. Lucie Village.

Education and Registrations

Bachelor of Science in Accounting – Florida State University
Professional Affiliations
Active Member of the Florida Institute of Certified Public Accountants
Active Member of the American Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association

PROFESSIONAL QUALIFICATIONS (CONTINUED)

Governmental Audit Experience

DiBartolomeo, McBee, Hartley & Barnes, P.A., through its principals and members, has provided continuous in-depth professional accounting, auditing, and consulting services to local government units, nonprofit organizations, and commercial clients. Our professionals have developed considerable expertise in performing governmental audits and single audits and in preparing governmental financial statements in conformance with continually evolving GASB pronouncements, statements, and interpretations. All of the public sector entities we serve annually are required to be in accordance with GASB pronouncements and government auditing standards. We currently perform several Federal and State single audits in compliance with OMB Circular A- 133 and under the Florida Single Audit Act. Our professionals are also experienced in assisting their clients with preparing Comprehensive Annual Financial Reports (GFOA).

All work performed by our firm is closely supervised by experienced certified public accountants. Only our most seasoned CPA’s perform consulting services. Some of the professional accounting, auditing, and management consulting services currently provided to our local governmental clients include:

Annual financial and compliance audits including Single Audits of State and Federal financial assistance programs under OMB A-133 audit criteria and the Florida Single Audit Act
Assisting in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement of Excellence in Financial Reporting
Audits of franchise fees received from outside franchisees
Assistance with Implementation of GASB-34
Internal audit functions
Fixed assets review and updating cost/depreciation allocations and methods

ADDITIONAL DATA

Procedures for Ensuring Quality Control & Confidentiality

Quality control in any CPA firm can never be taken for granted. It requires a continuing commitment to professional excellence. DiBartolomeo, McBee, Hartley & Barnes is formally dedicated to that commitment.

In an effort to continue to maintain the standards of working excellence required by our firm, DiBartolomeo, McBee, Hartley & Barnes, P.A. joined the Quality Review Program of the American Institute of Certified Public Accountants. To be a participating member firm, a firm must obtain an independent compliance review of its quality control policies and procedures to ascertain the firm’s compliance with existing auditing standards on the applicable engagements. The scope of peer review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm:

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

Independence

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

Our firm has provided continuous certified public accounting services in the government sector for 31 years, and we are independent of the Community Development Districts as defined by the following rules, regulations, and standards:

ADDITIONAL DATA (CONTINUED)

Independence (Continued)

Au Section 220 – Statements on Auditing Standards issued by the American Institute of Certified Public Accountants
ET Sections 101 and 102 – Code of Professional Conduct of the American Institute of Certified Public Accountants
Chapter 21A-21, Florida Administrative Code
Section 473.315, Florida Statutes
Government Auditing Standards, issued by the Comptroller General of the United States

Computer Auditing Capabilities

DiBartolomeo, McBee, Hartley & Barnes’ strong computer capabilities as demonstrated by our progressive approach to computer auditing and extensive use of microcomputers. Jay McBee is the MIS partner for DMHB. Jay has extensive experience in auditing and evaluating various computer systems and would provide these services in this engagement.

We view the computer operation as an integral part of its accounting systems. We would evaluate the computer control environment to:

Understand the computer control environment’s effect on internal controls
Conclude on whether aspects of the environment require special audit attention
Make preliminary determination of comments for inclusion in our management letter

This evaluation includes:

System hardware and software
Organization and administration
Access

Contracts of Similar Nature within References

Client	
Years	Annual Audit In Accordance With GAAS	
Engagement Partner	
Incl. Utility Audit/ Consulting	
GFOA
Cert.	
GASB 34
Implementation & Assistance	
Total Hours	
St. Lucie County Fire District Karen Russell, Clerk-Treasurer
(772)462-2300	1984 -
Current	√	
Jim Hartley			√	
250-300	
City of Fort Pierce
Johnna Morris, Finance Director (772)-460-2200	2005-
current	√	
Mark Barnes		√	√	
800	
Fort Pierce Utilities Authority Nina Hurtubise, Finance Director (772)-466-1600	2005-
current	
√	
Jim Hartley	
√	
√	
√	
600	
Town of St. Lucie Village
Diane Robertson, Town Clerk (772) 595-0663	
1999 –
current	√	
Jim Hartley			√	
100	
City of Okeechobee Pension Trust Funds
Marita Rice, Supervisor of Finance (863)763-9460	
1998 –
current	
√	
Jay McBee				
60	
St. Lucie County Fire District 175 Pension Trust Fund
Chris Bushman , Captain (772) 462-2300	
1990 –
current	
√	
Jay McBee				
60	
Tradition Community Development District 1-10
Alan Mishlove,District Finance Manager
(407)382-3256	
2002 -
current	
√	

Jim Hartley			
√	

350	
Legends Bay Community Development District Patricia Comings-Thibault
(321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Union Park Community Development District Patricia Comings-Thibault
(321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Deer Island Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Park Creek Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Waterleaf Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	

TECHNICAL APPROACH
An Express Agreement to Meet or Exceed the Performance Specifications.
The audit will be conducted in compliance with the following requirements:

Rules of the Auditor General for form and content of governmental audits
Regulations of the State Department of Banking and Finance
Audits of State and Local Governmental Units-American Institute of Certified Public Accountants.
The audit report shall contain the opinion of the auditor in reference to all financial statements, and an opinion reflecting compliance with applicable legal provisions.
We will also provide the required copies of the audit report, the management letter, any related reports on internal control weaknesses and one copy of the adjusting journal entries and financial work papers.
The auditor shall, at no additional charge, make all related work papers available to any Federal or State agency upon request in accordance with Federal and State Laws and Regulations.
We will work in cooperation with the District, its underwriters and bond council in regard to any bond issues that may occur during the term of the contract.
The financial statements shall be prepared in conformity with Governmental Accounting Standards Board Statement Number 34, 63 and 65.

We will commit to issuing the audit for each Fiscal year by June 1st of the following year. In order to ensure this we will perform interim internal control testing as required by January 31st from unaudited preliminary general ledgers provided. The remaining testing will be completed no later than May 1st. We will also review all minutes and subsequent needs related to the review of the minutes by January 30th. Follow up review will be completed as necessary.

b. A Tentative Schedule for Performing the Key phases of the Audit

Audit Phase and Tasks

Planning Phase:
Meetings and discussions with Preston Cove Community Development District personnel regarding operating, accounting and reporting matters
Discuss management expectations, strategies and objectives
Review operations Develop engagement plan
Study and evaluate internal controls Conduct preliminary analytical review
Detailed Audit Phase:
Conduct final risk assessment Finalize audit approach plan
Perform	substantive	tests	of	account
balances
Perform	single	audit	procedures	(if applicable)
Perform statutory compliance testing
Closing Phase:
Review subsequent events, contingencies and commitments
Complete	audit	work	and	obtain management representations
Review proposed audit adjustments with client
Reporting Phase:
Review		or	assist	in		preparation	of financial			statement	 for		Preston	Cove Community Development District Prepare	management	letter	and	 other special reports
Exit conference with Preston Cove Community Development District officials and management
Delivery of final reports

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

SPECIFIC AUDIT APPROACH
Our partners are not strangers who show up for an entrance conference and an exit conference. We have developed an audit plan that allows the partners to directly supervise our staff in the field. By assigning two partners to the audit, we will have a partner on-site for a significant portion of the fieldwork. This also gives the District an additional contact individual for questions or problems that may arise during the audit.

The scope of our services will include a financial, as well as, a compliance audit of the District’s financial statements. Our audit will be conducted in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Additionally, our audit will be conducted in accordance with the provisions of Chapter 10.550, Rules of the Auditor General, which govern the conduct of local government entity audits performed in the State of Florida.

Our audit approach places emphasis on the accounting information system and how the data is recorded, rather than solely on the verification of numbers on a financial statement. This approach enables us to:

Maximize our understanding of the District’s operating environment
Minimize time required conducting the audit since we start with broad considerations and narrow to specific audit objectives in critical areas

Our audit approach consists of four phases encompassing our audit process:

Planning Phase
Detailed Audit Phase
Closing Phase
Reporting

Planning Phase
Meetings and Expectations:
Our first step in this phase will be to set up a planning meeting with the financial and operating management of Preston Cove Community Development District. Our goal here is to eliminate “surprises.” By meeting with responsible officials early on we can discuss significant accounting policies, closing procedures and timetables, planned timing of our audit procedures and expectations of our work. This will also be the starting point for our discussions with management related to SAS No. 99-Consideration of Fraud in a Financial Statement Audit. Inquiries will be made regarding managements knowledge of fraud and on management’s views regarding the risk of fraud.

Review Operations and Develop Engagement Plan
It is critical that we understand the District’s operating environment. To do this we will obtain and review such items as, organizational charts, recent financial statements, budget information, major contracts and lease agreements. We will also gather other information necessary to increase our understanding of the District’s operations, organization, and internal control.

Study and Evaluate Internal Control
As part of general planning, we will obtain an understanding and assessment of the District’s control environment. This assessment involves a review of management’s operating style, written internal control procedures, and the District’s accounting system. The assessment is necessary to determine if we can rely on control procedures and thus reduce the extent of substantive testing.

We then test compliance with established control procedures by ascertaining that the significant strengths within the system are functioning as described to us. Generally, transactions are selected and reviewed in sufficient detail to permit us to formulate conclusions regarding compliance with control procedures and the extent of operation compliance with pertinent laws and regulations. This involves gaining an understanding of the District’s procedures, laws and regulations, and testing systems for compliance by examining contracts, invoices, bid procedures, and other documents. After testing controls, we then evaluate the results of those tests and decide whether we can rely on controls and thus reduce other audit procedures.

Conduct Preliminary Analytical Review
Also during the planning stage, we undertake analytical procedures that aid us in focusing our energies in the right direction. We call these analytical reviews.

A properly designed analytical review can be a very effective audit procedure in audits of governmental units. Analytical reviews consist of more than just a comparison of current-year actual results to prior-year actual results. Very effective analytical review techniques include trend analysis covering a number of years and comparisons of information not maintained totally within the financial accounting system, such as per capita information, prevailing market interest rates, housing statistics, etc.

Some examples of effective analytical reviews performed together and/or individually include:

Comparison of current-year actual results with current-year budget for the current and past years with investigation of significant differences and/or trends
Trend analysis of the percentage of current-year revenues to current-year rates for the current and previous years with investigation of significant changes in the collection percentage
Trend analysis of the percentage of expenditures by function for the current and previous years with investigation of significant changes in percentages by department
Monthly analysis of receipts compared to prior years to detect trends that may have audit implications

Conclusions reached enable us to determine the nature, timing and extent of other substantive procedures.

Detailed Audit Phase

Conduct Final Risk Assessment and Prepare Audit Programs
Risk assessment requires evaluating the likelihood of errors occurring that could have a material affect on the financial statements being audited. The conclusions we reach are based on many evaluations of internal control, systems, accounts, and transactions that occur throughout the audit. After evaluating the results of our tests of control and our final risk assessment we can develop detailed audit programs.
Perform Substantive Tests of Account Balances
These tests are designed to provide reasonable assurance as to the validity of the information produced by the accounting system. Substantive tests involve such things as examining invoices supporting payments, confirmation of balances with independent parties, analytical review procedures, and physical inspection of assets. All significant accounts will be subjected to substantive procedures. Substantive tests provide direct evidence of the completeness, accuracy, and validity of data.

Perform Single Audit Procedures (if applicable)
During the planning phase of the audit we will request and review schedules of expenditures of federal awards and state financial assistance. These schedules will be the basis for our determination of the specific programs we will test.

In documenting our understanding of the internal control system for the financial statement audit, we will identify control activities that impact major federal and state programs as well. This will allow us to test certain controls for the financial audit and the single audit concurrently. We will then perform additional tests of controls for each federal and state program selected for testing. We will then evaluate the results of the test of controls to determine the nature, timing and extent of substantive testing necessary to determine compliance with major program requirements.

Perform Statutory Compliance Testing

We have developed audit programs for Preston Cove Community Development District designed to test Florida Statutes as required by the Auditor General. These programs include test procedures such as general inquiries, confirmation from third parties, and examination of specific documents.

Closing Phase

During the closing phase we perform detail work paper reviews, request legal letters, review subsequent events and proposed audit adjustments. Communication with the client is critical in this phase to ensure that the information necessary to prepare financial statements in conformity with accounting principles generally accepted in the United States has been obtained.

Reporting Phase

Financial Statement Preparation
As a local firm, we spend a considerable amount of time on financial statement preparation and support. With this in mind, we can assist in certain portions of the preparation of financial statements or simply review a draft of financials prepared by your staff. We let you determine our level of involvement.

Management Letters

We want to help you solve problems before they become major.

Our management letters go beyond citing possible deficiencies in the District’s internal control structures. They identify opportunities for increasing revenues, decreasing costs, improving management information, protecting assets and improving operational efficiency.

The diversity of experience of our personnel and their independent and objective viewpoints make the comments, observations, and conclusions presented in our management letters a valuable source of information. We have provided positive solution-oriented objective recommendations to our governmental clients regarding investments, accounting accuracy, data processing, revenue bonds, payroll, utility billing, purchasing, budgeting, risk management, and internal auditing.

This review ensures the integrity of the factual data in the management letter but does not influence or impair our independence.

Exit Conferences and Delivery of Reports

We anticipate meeting with appropriate District personnel in February and issuing the final required reports by the May meeting of each year.

PROPOSED AUDIT FEE FOR EACH YEAR OF THE FIVE YEARS

DiBartolomeo, McBee, Hartley & Barnes P.A. will perform the annual audit of Preston Cove Community Development District for the five years as follows:

September 30, 2022	$ 3,250	
September 30, 2023	$ 3,350	
September 30, 2024	$ 3,450	
September 30, 2025	$ 3,500	
September 30, 2026	$ 3,650	

In years of new debt issuance fees may be adjusted based on review with management.

!!"#$%& "

Proposal to Provide
Financial Auditing Services:
PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: December 2, 2022 5:00PM

Submitted to:
Preston Cove
Community Development District c/o District Manager
219 East Livingston Street Orlando, FL 32801

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

Table of Contents	Page
EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS	3
FIRM & STAFF EXPERIENCE	6
REFERENCES	11
SPECIFIC AUDIT APPROACH	13
COST OF SERVICES	17
SUPPLEMENTAL INFORMATION	19

December 2, 2022

Preston Cove Community Development District c/o District Manager
219 East Livingston Street Orlando, FL 32801

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2022, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the Preston Cove Community Development District’s (the “District”) Request for Proposal (RFP), and we look forward to working with you on your audit. We are an energetic and robust team of knowledgeable professionals and are a recognized leader of providing services to Community Development Districts. As one of Florida’s few firms to primarily focus on government, we are especially equipped to provide you an effective and efficient audit.

Special district audits are at the core of our practice: we have a total of 360 clients, 329 or 91% of which are special districts. We know the specifics of the professional services and work products needed to meet your RFP requirements like no other firm. With this level of experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to client operations.

Why Grau & Associates:

Knowledgeable Audit Team
Grau is proud that the personnel we assign to your audit are some of the most seasoned auditors in the field. Our staff performs governmental engagements year round. When not working on your audit, your team is refining their audit approach for next year’s audit. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you.

Servicing your Individual Needs
Our clients enjoy personalized service designed to satisfy their unique needs and requirements. Throughout the process of our audit, you will find that we welcome working with you to resolve any issues as swiftly and easily as possible. In addition, due to Grau’s very low turnover rate for our industry, you also won’t have to worry about retraining your auditors from year to year.

Developing Relationships
We strive to foster mutually beneficial relationships with our clients. We stay in touch year round, updating, collaborating and assisting you in implementing new legislation, rules and standards that affect your organization. We are also available as a sounding board and assist with technical questions.

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.

Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

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

We would be happy to answer any questions or to provide any additional information. We are genuinely excited about the prospect of serving you and establishing a long-term relationship. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or Racquel McIntosh, CPA (rmcintosh@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience.

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

Our Team

3
Partners

10
Professional Staff

2
Administrative Professionals

9/13
Employees are CPAS

Year founded

Services Provided

297

Community Development Districts Served

Properly registered and
licensed professional corporation by the state of FLORIDA

9
Professional Groups

We are proud Members of the American Institute of Certified Public Accountants
&
the Florida Institute of Certified Public Accountants

See next page for report and certificate

⇒ External quality review program: consistently receives a pass
⇒ Internal: ongoing monitoring to maintain quality

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

GRAU AND ASSOCIATES COMMUNITY
DEVELOPMENT DISTRICT EXPERIENCE BY MANAGEMENT COMPANY

OTHER
19

PFM
12

WRATHELL
30

GMS
78

INFRAMARK
38

SDS
60

RIZZETTA
47

MERITUS
23

Profile Briefs:

Antonio J GRAU, CPA (Partner)
Years Performing Audits: 30+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 56 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

Racquel McIntosh, CPA (Partner)
Years Performing Audits: 14+
CPE (last 2 years): Government Accounting, Auditing: 47 hours; Accounting, Auditing and Other: 58 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

“Here at Grau & Associates, staying up to date with the current technological landscape is one of our top priorities. Not only does it provide a more positive experience for our clients, but it also allows us to perform a more effective and efficient audit. With the every changing technology available and utilized by our clients, we are constantly innovating our audit process.”
-	Tony Grau
“Quality audits and exceptional client service are at the heart of every decision we make. Our clients trust us to deliver a quality audit, adhering to high standards and assisting them with improvements for their organization.”
-Racquel McIntosh

YOUR ENGAGEMENT TEAM

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team.

Grau contracts with an outside group of IT management consultants to assist with matters including, but not limited to; network and database security, internet security and vulnerability testing.

An advisory consultant will be available as a sounding board to advise in those areas where problems are encountered.

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.

The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.

Antonio ‘Tony ‘ J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

Education
University of South Florida (1983) Bachelor of Arts
Business Administration

Clients Served (partial list)

(>300) Various Special Districts, including:		
Bayside Improvement Community Development District Dunes Community Development District
Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District	St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District	
Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control		

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

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	56
Total Hours	80 (includes of 4 hours of Ethics CPE)

Racquel C. McIntosh, CPA
Partner
Contact : rmcintosh@graucpa.com | (561) 939-6669
Experience
Racquel has been providing government audit, accounting and advisory services to our clients for over 14 years. She serves as the firm’s quality control partner; in this capacity she closely monitors engagement quality ensuring standards are followed and maintained throughout the audit.
Racquel develops in-house training seminars on current government auditing, accounting, and legislative topics and also provides seminars for various government organizations. In addition, she assists clients with implementing new accounting software, legislation, and standards.

Education
Florida Atlantic University (2004) Master of Accounting
Florida Atlantic University (2003) Bachelor of Arts:
Finance, Accounting

Clients Served (partial list)

(>300) Various Special Districts, including:		
Carlton Lakes Community Development District Golden Lakes Community Development District Rivercrest Community Development District South Fork III Community Development District TPOST Community Development District	Westchase Community Development District Monterra Community Development District
Palm Coast Park Community Development District Long Leaf Community Development District Watergrass Community Development District	
East Central Regional Wastewater Treatment Facilities Indian Trail Improvement District
Pinellas Park Water Management District Ranger Drainage District
South Trail Fire Protection and Rescue Service District	

Professional Associations/ Memberships

American Institute of Certified Public Accountants	FICPA State & Local Government Committee	
Florida Institute of Certified Public Accountants	FGFOA Palm Beach Chapter	

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	47
Accounting, Auditing and Other	58
Total Hours	105 (includes of 4 hours of Ethics CPE)

References

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

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

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

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

Specific Audit Approach

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

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

PHASE I:
Preliminary Planning

PHASE II:
Execution of the Audit Plan

PHASE III:
Completion and Delivery

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

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

Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
»  Perform tests of compliance.
Phase III - Completion and Delivery

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

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

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

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

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

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

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

Is the recommendation cost effective?

Is the recommendation the simplest to effectuate in order to correct a problem?

Is the recommendation at the heart of the problem and not just correcting a symptomatic matter?

Is the corrective action taking into account why the deficiency occurred?

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

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

Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.
Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2022-2026 are as follows:

  Year Ended September 30,			Fee		
2022	$4,000	
2023	$4,100	
2024	$4,200	
2025	$4,300	
2026	$4,400	
TOTAL (2022-2026)	$21,000	

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

Supplemental Information

PARTIAL LIST OF CLIENTS

	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South-Dade Venture Development District					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunshine Water Control District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (297)					9/30	
TOTAL	333	5	3	328		

ADDITIONAL SERVICES

CONSULTING / MANAGEMENT ADVISORY SERVICES

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

Accounting systems
Development of budgets
Organizational structures
Financing alternatives
IT Auditing	Fixed asset records
Cost reimbursement
Indirect cost allocation
Grant administration and compliance	

ARBITRAGE

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

73

Current Arbitrage Calculations

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

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

Board of Supervisors Meeting

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MINUTES OF MEETING PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Preston Cove Community Development District was held Thursday, October 27, 2022 at 9:00 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present and constituting a quorum:

Shaman Foradi by phone	Chairperson
Owais Khanani	Vice Chairman
Jeff Garno	Assistant Secretary
Mike Rich	Assistant Secretary

Also present were:

George Flint	District Manager, GMS
Jay Lazarovich	Latham Luna

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order. Three Board members were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present for the meeting.

THIRD ORDER OF BUSINESS	Approval of Minutes of the August 25,
2022 Board of Supervisors Meeting
Mr. Flint asked the Board if they had any comments or corrections to the minutes of the Board of Supervisor’s meeting held on August 25, 2022. The Board had no changes to the minutes.

October 27, 2022	Preston Cove CDD

On MOTION by Mr. Garno, seconded by Mr. Rich, with all in favor, Approval of the Minutes of the August 25, 2022 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Appointment of Audit Committee
Mr. Flint stated that CDD was required to have an annual independent audit. He explained that the statutes prescribe the process they have to use to select the auditor. He added that they needed to appoint an audit committee, and they had advertised the meeting with the audit committee meeting immediately after the regular meeting. He suggested the Board appoint themselves and asked for a motion to approve. The Board agreed and nominated Mr. Rich to be the Chair.

On MOTION by Mr. Rich, seconded by Mr. Garno, with all in favor, the Appointment of the Board as the Audit Committee and Nominating Mr. Rich to be the Chairman of the Audit Committee, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich had nothing further to report.

Engineer
There being none, the next item followed.

District Manager’s Report
Balance Sheet and Income Statement
Mr. Flint presented the unaudited financials through September 30th. There was no action required from the Board.

Ratification of Funding Requests 13 – 15
Mr. Flint stated that these funding requests were submitted to the developer under the current Developer Funding Agreement.

On MOTION by Mr. Khanani, seconded by Mr. Rich, with all in favor, Funding Requests 13-15, were ratified.

October 27, 2022	Preston Cove CDD

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

SEVENTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment
Mr. Flint adjourned the meeting.

On MOTION by Mr. Garno, seconded by Mr. Rich, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

MINUTES OF MEETING PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

The Audit Committee meeting of the Board of Supervisors of the Preston Cove Community Development District was held Thursday, October 27, 2022 at 9:05 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present for the Audit Committee were:

Shaman Foradi by phone
Owais Khanani Jeff Garno Mike Rich

Also present were:

George Flint Jay Lazarovich

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present for the meeting.

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Mr. Flint noted that they were the standard instructions that they typically used. He also presented the selection criteria, which included understanding of the scope, ability to furnish the services, and price. The Board agreed with the criteria and the instructions, and Mr. Flint asked for a motion to approve.

October 27, 2022	Preston Cove CDD

On MOTION by Mr. Rich, seconded by Mr. Garno, with all in favor, the Request for Proposals and Selection Criteria, was approved.

Approval of Notice of Request for Proposals for Audit Services
Mr. Flint noted that the form of notice would be published in the newspaper and would be sent directly to five or six auditing firms that had provided CDD auditing services in the past. He asked for any questions, and hearing none, asked for a motion to approve.

On MOTION by Mr. Garno, seconded by Mr. Rich, with all in favor, the Notice of Request for Proposals for Audit Services, was approved.

Public Announcement of Opportunity to Provide Audit Services
Mr. Flint noted that they would publicly announce the opportunity for any qualified auditing firm to provide auditing services for the Preston Cove CDD.

FOURTH ORDER OF BUSINESS	Adjournment
Mr. Flint adjourned the meeting.

On MOTION by Mr. Garno, seconded by Mr. Rich, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

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Preston Cove COD

This Data Sharing And Usage Agreement, hereafter referred to as" Agreement," establishes the terms and conditions under which the Preston Cove CDD, hereafter referred to as agency, can acquire and use Osceola County Property Appraiser (OCPA) data that is exempt from Public Records disclosure as defined in FS 119.071.
Please note the referenced statute has amended as of October 1, 2021. The paragraph below reflects the changes.

The confidentiality of personal identifying and location information including: names, mailing address, or any other descriptive property information that may reveal identity or home address pertaining to parcels owned by individuals that have received exempt/confidential status, hereafter referred to as confidential personal identifying and location information, will be protected asfollows:
The agency will not release confidential personal identifying and location information that may reveal identifying and location information of individuals exempted from Public Records disclosure.
The agency will not present the confidential personal identifying and location information in the results of
0
data analys is (including maps) in any manner that would reveal personal identifying and location
information of individuals exempted from Public Records disclosure.
The agency shall comply with all State laws and regulations governing the confidentiality of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential personal identifying and location information is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying and location information is released.
The terms of this Agreement shall commence on January 1, 2023 and shall run until December 31, 2023, the date if signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually for the following year.
IN WITNESS THEREOF, both the Osceola County Property Appraiser, through its duly authorized representative, and the agency, through its duly authorized representative, have hereunto executed this Data Sharing and Usage Agreement as of the last below written date.

OSCEOLA COUNTY PROPERTY APPRAISER

Signature:	 _

Preston Cove CDD

Signature: 	 _

Print:	Katrina S. Scarborough

Date:	_

Print:		 _ Title:	 _

Date:	 _

Please returned signed original copy, no later than January 31, 2023

2505 E IRLO BRONSON MEMORIAL HWY KISSIMMEE, FL 34744
(407) 742-5000
INFO@PROPERTY-APPRAISER.ORG • PROPERTY-APPRAISER.ORG

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Preston Cove
Community Development District

Unaudited Financial Reporting
November 30, 2022

Table of Contents

			Balance Sheet

			General Fund

			Debt Service Fund - Series 2022

			Capital Projects Fund - Series 2022

			Month to Month

			Long Term Debt Schedule

Preston Cove
Community Development District Combined Balance Sheet November 30, 2022

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:
Operating Account	$	11,013	$	-	$	-	$	11,013	
Due from Developer	$	5,958	$	-	$	-	$	5,958	
Investments: Series
Reserve	$	-	$	670,238	$	-	$	670,238	
Capitlized Interest	$	-	$	3,987	$	-	$	3,987	
Construction	$	-	$	-	$	445,354	$	445,354	
Total Assets	$	16,971	$	674,224	$	445,354	$	1,136,550	

Liabilities:				
Accounts Payable	$	5,722	$	-	$	-	$	5,722	
Total Liabilites	$	5,722	$	-	$	-	$	5,722	

Fund Balance:				
Assigned For:				
Debt Service - Series 2022	$	-	$	674,224	$	-	$	674,224	
Restricted For:					
Capital Projects - Series 2022	$	-	$	-	$	445,354	$	445,354	
Unassigned	$	11,249	$	-	$	-	$	11,249	
Total Fund Balances	$	11,249	$	674,224	$	445,354	$	1,130,828	
					
Total Liabilities & Fund Balance	$	16,971	$	674,224	$	445,354	$	1,136,550	

Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 11/30/22	Thru 11/30/22	Variance	

Revenues:		
Developer Contributions	$	128,450	$	17,860	$	17,860	$	-	
Total Revenues	$	128,450	$	17,860	$	17,860	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	2,000	$	-	$	2,000	
Engineering	$	15,000	$	2,500	$	827	$	1,673	
Attorney	$	25,000	$	4,167	$	13	$	4,154	
Annual Audit	$	4,400	$	-	$	-	$	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	833	$	833	$	(0)	
Trustee Fees	$	4,500	$	-	$	-	$	-	
Management Fees	$	35,000	$	5,833	$	5,833	$	(0)	
Information Technology	$	1,800	$	300	$	300	$	-	
Website Maintenance	$	1,200	$	200	$	200	$	-	
Telephone	$	300	$	50	$	-	$	50	
Postage & Delivery	$	1,000	$	167	$	4	$	163	
Insurance	$	5,625	$	5,625	$	5,375	$	250	
Printing & Binding	$	1,000	$	167	$	1	$	166	
Legal Advertising	$	8,000	$	1,333	$	142	$	1,192	
Other Current Charges	$	2,500	$	417	$	-	$	417	
Office Supplies	$	500	$	83	$	0	$	83	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	128,450	$	23,850	$	13,703	$	10,148	
					
Excess Revenues (Expenditures)	$	-		$	4,158		
					
Fund Balance - Beginning	$	-		$	7,091		
					
Fund Balance - Ending	$	-		$	11,249		

Preston Cove
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 11/30/22	Thru 11/30/22	Variance	

Revenues:		
Assessments - Direct	$	670,238	$	-	$	-	$	-	
Interest	$	-	$	-	$	3,206	$	3,206	
Total Revenues	$	670,238	$	-	$	3,206	$	3,206	

Expenditures:					
Interest Expense 11/1	$	228,625	$	228,625	$	228,625	$	-	
Principal Expense 5/1	$	215,000	$	-	$	-	$	-	
Interest Expense 5/1	$	228,625	$	-	$	-	$	-	
Total Expenditures	$	672,250	$	228,625	$	228,625	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(2,382)	$	(2,382)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(2,382)	$	(2,382)	
					
Excess Revenues (Expenditures)	$	(2,012)		$	(227,801)		
					
Fund Balance - Beginning	$	231,502		$	902,025		
					
Fund Balance - Ending	$	229,490		$	674,224		

Preston Cove
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending November 30, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 11/30/22	Thru 11/30/22	Variance	

Revenues:

Interest	

$	

-	$	

-	$	1,572	

$	1,572	
Total Revenues	$	-	$	-	$	1,572	$	1,572	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources:

Transfer In/(Out)	

$	

-	$	

-	$	2,382	

$	2,382	
Total Other Financing Sources (Uses)	$	-	$	-	$	2,382	$	2,382	
					
Excess Revenues (Expenditures)	$	-	$	3,953		
					
Fund Balance - Beginning	$	-	$	441,401		
					
Fund Balance - Ending	$	-	$	445,354		

Preston Cove
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Developer Contributions

$	11,902  $

5,958  $	-  $

-  $	-  $	-  $	-  $	-  $

-  $	-  $	-  $

-  $	17,860

Total Revenues	$	11,902  $	5,958  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	17,860

Expenditures:

General & Administrative:

Supervisor Fees Engineering Attorney
Annual Audit
Assessment Administration Arbitrage
Dissemination Trustee Fees Management Fees
Information Technology Website Maintenance Telephone
Postage & Delivery Insurance
Printing & Binding Legal Advertising
Other Current Charges Office Supplies
Dues, Licenses & Subscriptions

$	-  $
$	827  $
$	-  $
$	-  $
$	-  $
$	-  $
$	417  $
$	-  $
$	2,917  $
$	150  $
$	100  $
$	-  $
$	1  $
$	5,375  $
$	-  $
$	68  $
$	-  $
$	0  $
$	175  $

-  $	-  $
-  $	-  $
13  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
417  $	-  $
-  $	-  $
2,917  $	-  $
150  $	-  $
100  $	-  $
-  $	-  $
3  $	-  $
-  $	-  $
1  $	-  $
74  $	-  $
-  $	-  $
0  $	-  $
-  $	-  $

-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-
-  $	827
-  $	13
-  $	-
-  $	-
-  $	-
-  $	833
-  $	-
-  $	5,833
-  $	300
-  $	200
-  $	-
-  $	4
-  $	5,375
-  $	1
-  $	142
-  $	-
-  $	0
-  $	175

Excess Revenues (Expenditures)	$	1,873  $	2,285  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,158

Total Expenditures	$	10,029  $	3,673  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13,703

Preston Cove
Community Development District Long Term Debt Report

Series 2022, Special Assessment Bonds	
Interest Rates:	3.250%, 3.600%, 4.000%, 4.125%	
Maturity Date:	5/1/2052	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$670,238	
Reserve Fund Balance	$670,238	
Bonds Outstanding - 02/28/22	$11,610,000	
Current Bonds Outstanding	$11,610,000	

!!"#$%& "

Preston Cove
Community Development District	Funding Request # 16
November 7, 2022

PAYEE	GENERAL FUND

Osceola News-Gazette
Invoice # 54B90D7E-0003 - Legal & Public Notice 11/3/22

Florida department of Economic Opportunity
Invoice # 87489 - Special District Fee FY23

$	73.67

$	175.00

Total	$	248.67

Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

OISaOIA

NEWS-GAZETl'E
ifi·IH,M¥144  t&NYlll,i
help@co lu m n.us

Bill to
GMS*PRESTON COVE CDD

$73.67 due November 30, 2022

Invoice number

Notice name

Date of issue Oate due Notice Id PubI;sher

Invoice
54B90D7E-0003 GMS*PRESTON COVE COD
PROPOSALS Oct31,2022 Nov30, 2022
souCB1bGAn!BxHxIGWww Osceola News-Gazette

We accept ACH bank transfers, debit/credit cards, and checks. If you would like to pay by check, please include your invoice number on the r.1emc and include a printed copy of your Invoice PDF, make the check payable to Osceola News-Gazette, and mail to:

Osceola News-Gazette
22 W Monument Ave, Suite 5 Klsslm mee, FL 34741

Please note that processing will take at least 7 business days and confirm any upfront payment requirements for your notice. Any check formatting errors may increase processing time or prevent processing.

Description

11/03/2022: Legal and Public Notice Notice

Qty	Unit price	Amount

66.97	66.97

Subtotal	$66.97

Tax (0%)	0.00
Processing Fee	6.70
Amount due	$ 73.67

Visit httRs://www.column.us/invoices/rPAZTDExLgW8tzZtOHiklRaY. Questions? Contact Column at help@column.us.

/lrdh1ru
54B90D?E-0003 - Page 1 of 1

This is not an invoice. Below is an estimated price, and it is subject to change. You will receive an invoice with the final
price upon invoice creation by the publisher.

FILER

FILING FOR

CARI URRUTIC
currutic@gmscfl.com
(407) 841-5524

Osceola News-Gazette

Columns Wide: 2

Ad Class: Legals

11/03/2022: Legal and Public Notice
Notice

66.97

Subtotal Tax%
Processing Fee

$66.97
0.00
$6.70

Total

$73.67

See Proof on Next Page

OFFICIAL AD PROOF
This is the proof of your ad scheduled to run in Osceola News-Gazette on the dates indicated below.
If changes are needed, please contact us prior to deadline at (407) 846-7600.

Notice ID: souCBlbGAniBxHxlGWww I Proof Updated: Oct. 31, 2022 at 09:17am EDT
Notice Name: GMS*PRESTON COVE CDD PROPOSALS

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT
REQUEST FOR PROPOSALS
"	FOR ANNUAL AUDIT SERVICES
The Preston Cove Commun !DiSlrict her
=	:'1J::a drn• J

tti!lc

records 101 the liScal year ending Selerliler 30, 2022, Will! an option for lour (4) adaillonat am\\Jal renewa!S. The Distrtct Is a kical unit of spectai,pug:KJSe	created IJl1der Oiapter
:l·ma1·	l r&i In the Citv of Cloud, Osceola Colllty, Florida. The District Cllffentlv has an operaling budget of approximately S128,450. TI1e lilal contract Will reqwre !Ml, Q	thlrigs, tile aum IOI the fiscal year en Sei;tember 30. 2022, beCOll'pieled no later than June 1, 2023.
Each audiling enlilV sutM1'1illlng a proposal must Ile autnoriZed to do buslllesS In Florl<la; hOl<I airapjlliCat)le state and federal professional lirenses in good standing, including but not limited to a license under Chapter 473. Florida Stafutes, and Ile aualllied to C0lldUcl. au<ll1s in ecconlance With "Gollelnment Auditing Standards', as adopted b)' the Florida Board of Accountancy. Aueltts shall tie conllKlled In aoooroance wttn Florida law and partiCUlarly section 218.39, FIOrida Statutes, and the rules of tire FIOllda Auditor General.
Proposal packages, which Include evaluation criteria and tnSlfUcllons to propc1Sers, are avalfallle trom the DiSll1cl Manager at tire address and telephone number listed telow.

ProQosers must provide  orignal ha!d one(1! eledrOIIIC copy o'Itheil pr	to Governmental	· ServiceS - Central Flo( , LLC Attn: George Flint, strict
,.	219 East L.Mngston Street, Qrlillldj, Aolida 32801,
In an envelope marked on the outside "Aadltlng Sel'Vlcea -
Preston Cove Community Development Dl81rlct.

,:	:s::=

ProposalS mustIle reoel\led11)' 12:00 PM onFriday, llecentler

all questiOns regaidrn  lhis Notice to1he Disbict Manager who
can be reaehelfat {40/J 841-5524.

NoYemlJer 3. 20'22

=i:-.ir:i:;:::rJelVices-Cenllal Florida, LLC

Florida Department of Economic Opportunity, Special District Accountability Program
FY 2022/2023 Special District Fee Invoice and Update Form
Required by Sections 189.064 and 189.018, Florida Statutes, and Chapter 73C-24, Florida Administrative Code

Invoice No.: 87489			Date Invoiced: 10/03/202	
Annual Fee: 175.00	Late Fee: $0.00	Received: 0.00	Total Due Postmarked b 12/02/2022: $175.0	

STEP 1: Review the following information, make changes directly on the form, and sign and date:
Special District's Name, Registered Agent's Name, and Registered Office Address:

Preston Cove Community Development District
Ms. Jan Albanese Carpenter
Latham, Luna, Eden and Beaudine, LLP 201 South Orange Avenue, Suite 1400
Orlando, FL 32801

FLORIDA DEPARTMENT ,f
ECONOMIC OPPORTUNITY

RECEIVED

Telephone:
Fax:
Email:
Status:
Governing Body:
Website Address:
County(ies):
Function(s):
1O. Boundary Map on File:
Creation Document on File:
Date Established:
Creation Method:
Local Governing Authority:
Creation Document(s):
Statutory Authority:
Authority to Issue Bonds:
Revenue Source(s):
Most Recent Update:

(407) 481-5800
(407) 481-5801
jcarpenter@lathamluna.com Independent
Elected
Not on file - please provide. Osceola
Community Development 09/22/2021
09/22/2021
QB/1QJ Qr-11	_<l/IC,/'J--/ L,C..)Ct4 e_or ,re cf
Local Ordinance Osceola County
County Ordinance 2021-54 _,, Chapter 190, Florida Statutes Yes
Assessments 10/05/2021

'l1\i 0

oted if necessary) is accurate and complete as of this date.
Registered Agent's Signature: ----+-------=-:::rf-r:;,--9.:;;;;>"'"'	Date 	 _

I
STEP 2: Pay the annual fee or certify eligibih  for he
	Pay the Annual Fee: Pay the annual fe	nline by following the instructions at www.Floridajobs.org/SpecialDistrictFee or by check payable to the Department of Economic Opportunity.
Or, Certify Eligibility for the Zero Fee: By initialing each of the following items, I, the above signed registered agent, do hereby
certify that to the best of my knowledge and belief, ALL of the following statements contained herein and on any attachments hereto are true, correct, complete, and made in good faith as of this date. I understand that any information I give may be verified.

1. 

2. 
3.	

This special district and its Certified Public Accountant determined the special district is not a component unit of a local general-purpose government.
This special district is in compliance with the reporting requirements of the Department of Financial Services.
This special district reported $3,000 or less in annual revenues to the Department of Financial Services on its Fiscal Year 2020/2021 Annual Financial Report (if created since then, attach an income statement verifying $3,000 or less in revenues).

Department Use Only: Approved: 

Denied:  

Reason: 	 _

STEP 3: Make a copy of this form for your records.
STEP 4: Mail this form and payment (if paying by check) to the Department of Economic Opportunity, Bureau of Budget Management, 107 E. Madison Street, MSC 120, Tallahassee, FL 32399-4124. Direct any questions to (850) 717-8430.

Preston Cove
Community Development District	Funding Request # 17
November 18, 2022

PAYEE	GENERAL FUND

1	Osceola News-Gazette
Invoice # 397258 - Budget Hearing Meeting 7/7/22	
$	1,295.59	
2	Governmental Management Services
Invoice # 17 - Management Fees Nov 2022	
$	3,586.94	
3	Latham, Luna, Eden & Beaudine
Invoice # 106672 - General Counsel Oct 2022	
$	826.89	

Total	$	5,709.42

Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

BIii To:
Preston Cove COD 219 E. Livingston St. Orlando, FL 32801

Invoice #: 17
Invoice Date: 11/1/22
Due Date: 11/1/22
Case:

P.O. Number:

-

Oescrtptlon	Hours/Qty	I	Rate	Amol(nt
Management Fees - November 2022 Website Administration - November 2022 Information Technology- November 2022
Dissemination Agent Services - November 2022 Office Supplies
Postage Coples		2,916.67
100.00
150.00
416,67
0.15
2.85
0.60	2,916.67
100.00
150.00
416.67
0.15
2.85
0.60	

Total	$3,586.94	
Payments/Credits	$0.00	
Balance Due	$3,586.94	

♦

LATHAM, LUNA,
 Qg_ _ _l:3EAUDIN}b''P
A(TOl NEYS AT LAW

201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

November 1o, 2022	Invoice#:	106672
Federal ID #:59-3366512

Accounts Payable Preston Cove CDD c/oGMS, LLC
219 E. Livingston Street Orlando, FL 32801

Matter ID: 7772-001

RECEIVED

NO\J 11	202.2.

GENERAL

For Professional Services Rendered:
10/4/2022	JEL	Reviewed plat dedications for conveyance track sheet	0.20	$57.00	
10/11/2022	jms	Received and reviewed DEO Special District Fee for FY 2022-2023 for errors; made corrections; gave to JAG for signature	0.10	$12.50	
10/12/2022	jms	Received executed DEO form, scan, save and sent to District Manager	0.10	$12.50	
10/24/2022	JEL	Reviewed agenda, minutes and task list for Board of Supervisors' meeting	0.20	$57.00	
10/27/2022	JEL	Prepared for and attended Board of Supervisors' meeting; Prepared task list	2.30	$655.50	
		following same			

10/27/2022	Payment Disbursement to Jay Lazarovich for travel to and from Board Meeting on October 27, 2022	$32.39	
Total Disbursements Incurred:		$32.39	
	
Total	
$826.89	
	Previous Balance	$2,574.71	
Payments & Credits			
ID!tg	Im	Notes	

Payments & Credits	Amount
$0.00	
	Total Due	$3,401.60	

Total Professional Services: For Disbursements Incurred:

2.90	$794.50

OSCEOLA

 Advertiser AaauntNumber 
60549		io'IOfC? Nlt.11Jbtr
$1,295.59	397258
Tennsf!!PaJ111tnt	(llentl'Ot	
lljl]lngPrijod		
07/01/22-07/3	1/22	Net 30	
Salesllep	rtlltlJlam,	
OH	GOV.MGT.SVCS/PRESTON COVE CDD	

NEWS-GAZETTE

GOV.MGT.SVCS/PRESTON COVE CDD LAUREN VANDERVEER

219 E LIVINGSTON ST ORLANDO FL 32801-1508

DATE

DESCRIPTION

AM§)Ut.Jt

7207

ONG BUDGET HEARING NOTICE

5 X 16.75

$1,295.59

NOv	8 2022

07/07/22

IMPORTANT - Please detach and return this portion to ensure proper credit.
PAYMENT TERMS: NET 30
If  you have questions concerning your invoice, pleasE! call your sales rep or call our business office at(407)846-7600

CUSTOMER NAME

 60549

	$1,295.59	

PAYMENT
CHECK ENCLOSED	O  Please make check payable to:Osceola News Gazette
Be surero fndi,de your ac:muni number on ur check.Please do not staple 0< paperclip payment toremittance stub.
CHARGE MY CREDIT CARD
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Exp.-1	 _	csc 	
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REMITTANCE ADDRESS
Osceola News Gazette
22 W. Monument Ave., Suite 5
Kissimmee, FL 34741

PROOF OF PUBLICATION
From
OSCEOLA
NEWS-GAZETTE
STATE OF FLORIDA COUNTY OF OSCEOLA
Before me, the undersigned authority, personally appeared Pamela Bikowicz, who under oath says that she is the Business Manager of the
Osceola News-Gazette, a weekly newspaper published at Kissimmee, in Osceola County, Florida: that the attached copy of the advertisement was published in the regular and entire edition of said newspaper in the following issues:

Affiant further says that the Osceola News-Gazette is a newspaper
published in Kissimmee, in said Osceola County, Florida, and that the said newspaper has heretofore been continuously published in said Osceola County, Florida, for a period
of one year preceding the first publication of the attached copy of advertisement; and affiant further says that she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper.

Sworn and subscribed before me by Pamela Bikowicz, who is personally known to me this

IN THEMATTER OF: FIRST PUBLICATION:_ z..,..l;  ,./4	-
jJ S,OtDDN li>v'C	1AsT PuaucATioN:--7-/-J,+P.;1-.-. -
6uD £T	tlE11tZ-tAIt;
/JOTIC€

Make remittance to: Osceola News-Gazette
22 W. Monument Ave., Ste. 5, Kissimmee, FL 34744
Phone: 407-846-7600
Email: glugo@osceolanewsgazette.com You can also view your Legal Advertising on
www.aroundosceola.com or www.floridapublicnotices.com

LOCAL

Page 8 OSCEOLA NEWS-GAZl!'ITE

PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT
NOTICE OFPUBLIC HEARING TO CONSIDER THE ADOPTION OFTHE FISCAL YEAR 2022/2023 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.
JJnsomtng Public He,,dnr■aad Regular Meeting
The Board of Supervisors ("Board") for the Preston Cove Commtmity Dovelopmont Dis1rict (''Dlllrict'1 will hold tho following two public hearings and a regular meeting:

DATE:	9:00AM
TIME:	July 28, 2022
LOCATION: Offices of Hanson, Walter & Associates 8 Broadway, Suite 104
Ki55immee, FL 34741

The first publJc hearing is being held pursuant to Chapter 190, Florida Statures, to receive public comment and objectiow oo the District's proposed budget ("PropOl<d Budget") for the fiscal year beginning October I, 2022 and ending September 30, 2023 ("F!acal Year 2022/2D23"). The second public hearing is being held pursuant to Oiapters 190 and 197, Florida Statutes, to consider the impoaition of operatjons and maintenance ,pedal ass<ssments ("OlltM Aa<Mmento") upon the Jand, located within the District, to fund the Proposed Budget for Fiscal Year 2022/2023; to consider the adoption of an assHsment roll; and. to provide for the levy, collection. and enforcement of aB.$e.ssments. At the conclusion of the hearings, the Board will, by resolution, adopt a budget and levy O&MA55essments as finally approved by the Board. A Boan\ meeting of the District will also be held where the Board may consider any other Dimict bu,!ne,
De,c;riptlon of Aaaessments

.

The Di,trict imposes O&M A55essments on benefitted property within the District for the pWJ>ose of funding the District's general administrative, opttations, and maintenance budget and providing the funds necessary to paydebt service on outstanding bonds as reflected in the Di.,trict', debt service budget. A geographic depiction of the propertypotentially oubJect to the proposed O&M A55essments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M A55..,menta. which are subject to change at the hearing:

Landtloo	-.- .,,.,_	EAU-	PropooedOlrM-(lncladlnga,llcctioo-/arly
dtoc:ounto	
Townhouse	218	0.75	$ 994.88	
Sin e Famll - so•	334	1.00	$1,326.50	
Sin e Famil - 70'	51	1.00	J..126.50	

The proposed O&M Assessments as stated include collection costs and/or early payment discounts. which Osceola Cowity ("County") may impose on a55e55ments that are collected on the County tax blll Moreover, pursuant to Section 197.3632(4), Florida Stotut,s, the lien amount shall serve as the "maximum rm• authorized by law fur O&M A55<Ssmenta, such that no assessment hearing shall be held or ootice provided in future yean un)e55 the asse55ments are proposed to be increased or another aiterion within Section 197.3632(4), Fwrlda Stotutes, is met. Note that the O&M Assessments do oot include any debt service a55essment1 previously levied by the District and due to be collected for Fiscal Year 2022/2023.

For Fiscal Year 2022/20231 the District intends to have the County tax collector collect the assessments imposed on certain developed property, and will dlrectly collect the a55essments Imposed on the mnain!ng benefitted property by sending out a bill prior to, or during, November 2022. It is important to pay your assessment because failure to pay will cause a tax certificate to be issued against the property which may result in loss of title, or for direct billed assessments, may result in a foreclosure action, which also may result in a loss of title. The District's decision to collect a55essments oo the tax roll or by direct billing does not p=lude theDiltrlct from later electing to collect those or other
assessmena in a different manner at a future time.

Additional Provhio01
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Proposed Budget, proposed assessmeot roll, and the agenda for the hearings and meeting may be obtained at the offices of the District Manager, located at 219 E. Livingston Street, Orlando, Florida 32801, Ph: (407) 841-5524 ("D!atri<tManager's Office"), during normal business hours. The public hearings and meeting may be continued to a date, time, and place to be ,peclfied on the record at the hearings or meeting. There may beoccasions when staff or board members may participate by speaker telephone.
Any penon requiring special accommodation, at this meeting because of a disability or phy,ical impairment should contact the District Manager's Office at least forty-eight (411) hours prior to the meeting. If you are hearing or ,peech impair:od, please contact the Florida Relay Service bydlallng 7-1-1, or 1-800-955-8771 (TIY) / l-800-955-8770 (Voice), for aid in conmctlng the Dis1rict Manager's Office.
Please note that allaffected property owners have the right to appear at the public hearings and meeting. and may also file written objections with the District Manager's Office within twenty days of publication of this notice. Each pmon who decides to appeal any decision made by the Board with respect to any matter constdtttd at the public hearings or meeting is advised that person will need a record ofproceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which ,uch appeal is to be based.

Thursday, July 7, 2022

NEWS BRIEFS--
continued from Page 5

our Kissimmee clinic is a significant milestone for FCS and an important step forward in fulfilling our mission. This new location further expand, our presence in the heart of central Florida where patients in Ooceola County can now benefit from easy access to world-class cancer care dose to home;"
•we are extremely excited about this latest expansion to our statewide community oncology network: said FCS President and Managing Phys!clan Michael Diaz, MD. •our cancer care experts provide the most advanced treatments and then.pies personalized for each paiient's unique need,. Additionally, patients can also participate in promising new treatments through clinical trial opportunities available at Drug Development Units in Lake Nona and Lake Mary.•

HCA Florida Osceola Hospital names new Chief Nursing Officer
HCA Florida Osceola
Hospital has announced
i hetfeP; ::bhi } Nunlng Officer of HCA Florida Osceola Hospital.
In the role, Farris will oversee the hospital nursing team and a number of departments to include the Emergency Departments, Womens Services, Medical Surgical and Critical Care Units at the 404-bed acute care hospital and Level II Trauma Center.
In Farris' 28 years
across HCA Healthcare, she most recently served as the Chief Nursing Officer at HCA Florida West Marion Hospital in Ocala, where she achieved natl onally- ranked performance in patient experience, drove the facility'• Leapfrog 1core to an 'K letter grade and
achieved top performance
in physician, employee and nurse engagement In addition, she led oeveral significant expansion projects including new operating rooms and cardiac cath labs, as well

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

1PROJECT SITE  ,._.,.,.
N
.', •• 411

- ,.

- ---------·----

.......

aa an addition of 139 inpatient bed, induding an inpatient r<habilitition unit. emergency department expansion, and Intensive c:an:beds.
"'J could not have imagined a better suited
leader to advance the nursing, clinical, service, quality. and growth agendas at our hospital said David Shimp, Chief Eucutive Officer of HCA Florida o.aolaHospital."Michelli, proven ability to achieve excellence and enhance culture makes her uniquely
quallfi<d1ilrthisrole."

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from Page 13

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Preston Cove
Community Development District	Funding Request # 18
December 13, 2022

PAYEE	GENERAL FUND

1	Governmental Management Services
Invoice # 18 - Management Fees Dec 2022	
$	3,585.74	
2	Latham, Luna, Eden & Beaudine
Invoice # 107300 - General Counsel Nov 2022	
$	12.50	

Total	$	3,598.24

Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

GMS-Central Florida, LLC
1001 Bradford Way
Kingston, TN 37763

BIii To:
Preston Cove coo 219 E. Livingston St. Orlando, FL 32801

RECEIVED
DEC 1 3 2022

RECRT"\TED

Invoice

Invoice #: 18
Invoice Date: 12/1/22
Due Date: 1211122
Case:
P.0. Number:

	Deecrlptlon				Hours/Qty	Rate	Amount	
	Management Fees - December 2022	1;,;	lJ	1		2,916.67	2,916.67	
	Website Administration - December 2022					100.00	100.00	
Information Technology- December 2022	3r" I	150.00	150.00
Dissemination Agent,Services - December 2022	416.67	416.67

Postag

r

2.28

2.28

Office Supplies	'1...2-" 		0.12	0.12

Total	$3,585.74	
Payments/Credits	$0.00	
Balance Due	$3,585.74	

♦

LATHAM, LUNA, EDEN&BEAUDINE;i.r
;;,-TTORNEvs ·xr·c:.:w
201 S. ORANGE AVE, STE 1400 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32801

December 9, 2022	Invoice #:	107300
Federal ID #:59-3366512

Accounts Payable Preston Cove CDD c/o GMS, LLC
219 E. Livingston Street Orlando, FL 32801

Matter ID: 7772-001	GENERAL

For Professional Services Rendered:
11/8/2022	jms		Emails, scan, save and send FY 21-22 Records Management Compliance Statement	0.10 to District Manager and request response

$12.50

Total Professional Services:	0.10	$12.50

Total		$12.50 Previous Balance	$826.89
Payments & Credits
ID!m	Ilm!!	Notes	Amount
Payments & Credits	$0.00
Total Due	$839.39

RECEIVED
DEC 13 2022

Preston Cove
Community Development District	Funding Request # 19
December 28, 2022

PAYEE	GENERAL FUND

1	Osceola News-Gazette
Invoice # 54B90D7E-0004 - BOS Meeting 12/15/22

$	66.53

Total	$	66.53

Please make check payable to:

Preston Cove CDD
6200 Lee Vista Blvd Suite 300
Orlando FL 32822

OSCEOT..1
NEWS-GAZETI'E
ili·UUl·fflltt'.lii€8d iui

Invoice

Osceola News- Gazette 22 W Monument Ave Suite 5
Kissimmee, FL34741 heIp.column.us

Bill to GMS*

Invoice number Notice ID Publisher
Date of issue Date due Amountdue

54890D7E-0004
HRUq3d3XZWTv4mvuaezy Osceola News-Gazette
Dec 8, 2022
Jan 8,2023
$66.53

Description	Qty	Unit price	Amount

12/15/2022: Legal and Public Notice Notice

55.48	55.48

Affidavit Fee	1	5.00	5.00

=== Notes===
Notice Name: GMS*PRESTON COVE CDD MEETING

=== How to pay this invoice===
We accept ACH bank transfers, debit/credit cards, and checks. If you would like to pay by check, please pay the full amount due, write your invoice number 54890D7E-0004 on the memo, include a printed copy of your

Subtotal	$60.48

Tax (0%)	0.00
Processing Fee	6.05

Invoice PDF, make the check payable to Osceola News- Gazette, and mall		 to the address above.

Please note that processing will take at least 7 business days and confirm any upfront payment requirements for your notice. Any check formatting errors may increase processing time or prevent processing.
Please note that, if you pay by ACH or card, the merchant name on your billing statements will be Column Software PBC.

Amount due	$66.53

RECEIVED
DEC l 9 2022

Pay here: httP.s://www.column.us/invoices/g8zEY842g3DIJizPhUCP/Qay_

Questions? Visit <a href="httpsJ/help.column.us">help.column.us</a>	54890D7E-0004 - Page 1 of 1

"¥:°Colutnn

This is not an invoice. Below is an estimated price, and it is
subject to change. You will receive an invoice with the final price upon invoice creation by the publisher.

FILER

FILING FOR

CARI URRUTIC
currutic@gmscfl.com
(407) 841-5524

Osceola News-Gazette

Columns Wide: 2

Ad Class: Legals

12/15/2022: Legal and Public Notice
Notice

55.48

Subtotal
Tax%
Processing Fee

$60.48
0
$6.05

Total

$66.53

See Proof on Next Page

OFFICIAL AD PROOF
!This is the proof of your ad scheduled to run in Osceola News-Gazette on the dates indicated below.
If changes are needed, please contact us prior to deadline at (407) 846-7600.

Notice ID: HRUq3d3XZWTv4mvuaezy I Proof Updated: Dec. 08, 2022 at 09:17am EST
Notice Name: GMS*PRESTON COVE CDD MEETING