Celebration Pointe Community Development District No. 1
12051 Corporate Blvd., Orlando, FL 32817
Phone 407-382-3256; Fax 407-382-3254

The proposed agenda for the Auditor Selection Committee and Board of Supervisors' Meeting for the Celebration Pointe CDD No. 1 Community Development District, scheduled to be held Tuesday, July 24, 2018 at 11:00 am at 2579 SW 87th Drive, Gainesville, FL 32608, is found below. Please note that the personal attendance of at least three Board Members will be required to call the meeting to order.
For those unable to attend in person, you may participate by telephone: Dial-In:	1-877-864-6450	Code:	933751
AUDITOR SELECTION COMMITTEE MEETING AGENDA
Call to Order & Roll Call
Review of Auditing Services Proposal
CRI
Grau
Ranking of Auditing Services Proposal
Adjournment

BOARD OF SUPERVISOR'S MEETING AGENDA
Organizational Matters
Roll Call to Confirm Quorum
Public Comment Period (Note: during this time any member ofthe public may comment on any specific agenda item; general public comments will also be taken at
the conclusion ofthe agenda)
Swearing in Jonathan Paul
Consideration of the Minutes of the April 24, 2018 Board of Supervisors' Meeting
Consideration of the Minutes of the April 24, 2018 Auditor Selection Committee Meeting
Letter from Supervisors of Elections - Alachua County Consideration of Fiscal Year 2018-2019 Meeting Schedule

Business Matters
Public Hearing on the Adoption of the District's Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2018-04, Adopting the Fiscal Year 2019 Budget and Appropriating Funds
Consideration of Fiscal Year 2019 Budget Funding Agreement
Review of Auditor Selection Committee Rankings & Selection of Auditor
Review and Acceptance of Fiscal Year 2017 Audit
Ratification of Funding Request No. 44 & 45

Consideration of Funding Request 46 -48
Review of Statements of the District's Financial Position

Other Business
Staff Reports
Supervisors Requests
Audience Comments
Board Member General Comments/Discussions

D. Adjournment

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Auditing Services Proposal

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

CRI

Helping You Shine '77��_,ddu;i�

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PROPOSER
Carr, Riggs & Ingram, LLC

RI

500 Grand Boulevard, Suite 210 -�

CARR RIGGS & INGRAM

Celebration Pointe Community Development District No. 1
July 6, 2018

Miramar Beach, FL 32550 (850) 837-3141

SUBMITTED BY
I<. Alan Jowers Engagement Partner AJowers@cricpa.com

CPAs ,md Arlv1!;or!,
CRlcpa.com

l<atie Sidrony Concurring Partner KSidrony@cricpa.com

■■
Dear Audit Selection Committee:

I

Carr, Riggs & Ingram, LLC {CRI) appreciates the opportunity to propose on auditing services to Celebration Pointe Community Development District No. 1 (the "District). We are genuinely excited about the prospect of continuing to serve you and strengthening our long-term relationship. We pride ourselves on getting to know our clients and illuminating solutions by providing innovative IDEAS to move them from compliance to providing them a competitive advantage.

D

nvestment in You. We believe In developlng long-term, mutually beneficial relationships and quickly demonstrating value with a fee structure and service solutions that provide immediate and continued savings. Our Investment starts on "Day 1" as your assigned team begins with our proven, streamlined process that minimizes your time and disruption during the service provider change and continues throughout the relationship.

E

edlcated Team. CRl's team consists of more than 1,800 professionals, which allows us to tailor your service team by aligning their industry, service, and specialty skills with your needs. Our dedicated teams deliver the highest level of business acumen and knowledge to your organization; our commitment to consistent staffing allows you to maximize savings and remain focused on your needs,

A

quillbrium. CRI delivers big firm expertise with small firm service. Of approximately 45,000 public accounting firms in the United States, CRI currently ranks among the top 20. Additionally, as a part of PrimeGlobal, an association of Independent accounting firms, we have access to International resources as - and when - needed. Leveraging these resources while maintaining local decision-making authority means that simplified solutions are only a phone call away. And we believe that's the best of both worlds for our clients.

s

ctlve Partner Participation. Collectively, our partners deliver expertise derived from more than 7,500 years of business experience. With this level of talent, we thoughtfully choose a partner that aligns with your business' needs and Industry. Our hands-on, working partners "show up'' to convey our genuine cornmitment to your success. They strive to earn trusted advisor roles by digging in, proactively learning your business, and producing long-term value for you.
implifled Solutions. Our 500+ cumulative partner certlfl•

cations is an impressive statistic, success is measured by translating complex concepts into client solutions. While accounting is the language of business, we're here to decipher the jargon and help you make educated

CRI

decisions. CRinnovate embraces agility and invention. The CRI vSTAR'M process, our inaugural initiative delivering a virtual audit, Is designed to provide you with maximized efficiencies, reduced workload, and an improved experience.
We welcome the opportunity to demonstrate to you the same teamwork, expertise, innovation, and responsiveness that have tnade us one of the fastest growing public accounting firms In the United States. Again, we appreciate your consideration.
Sincerely,

��
K. Alan Jowers, CPA Engagement Partner
CRlcpa.com	CARR, RIGGS & INGRAM

■

YOUR NEEDS

TABLE OF CONTENTS	■

UNDERSTANDING & MEETING YOUR NEEDS	4
YOUR SERVICES & FEES
YOUR SERVICES & FEES	5
YOUR CHOICE: CRI
FIRM PROFILE	6
GOVERNMENT CREDENTIALS	7
RELEVANT EXPERIENCE	8
YOUR SOLUTION TEAM	9
DELIVERING QUALITY TO YOU	16
THE CRI vSTAR"' PROCESS	18
WORKING TOGETHER: OVERVIEW
SHARING CRl'S VALUES WITH YOU	19
TRANSITIONING YOU	20
JOINING OUR CONVERSATION	21
WORKING TOGETHER: DETAILS
CRI AUDIT FRAMEWORK	22
CRI AUDIT APPROACH	24
APPENDIX
APPENDIX A- RFP DOCUMENTS	26

CRlcpa.com	CARR, RIGGS & INGRAM	3

UNDERSTANDING & MEETING YOUR NEEDS	■■
From the RFP, we understood your team to express the following needs, requests, and/or issues. We've detailed our proposed solutions below and are happy to discuss other related projects as they arise and upon request.

	NEEDS & ISSUES	SOLUTIONS & SERVICES	
Technical	The District is required to have independent	Perform external audit services In	
	audits performed on Its financial statements.	accordance with auditing standards	
		generally accepted in the United	
		States of America {GAAS), in order	
		to express an opinion on the	
			
Relational	The District's Board of Supervisors and	Communicate	
	management expect open and continuous	contemporaneously and	
	communication with their CPA firm in order to
avoid surprise findings at the end of the audit.	directly with management regarding the results of our
procedures.
Anticipate and respond to
concerns of management and/or the Audit Committee
(If/when formed}.	

Di•strict's financial statements.

CRlcpa.com	CARR, RIGGS & INGRAM	4

YOUR  SERVICES  & FE ES	■■
We value creating mutually-rewarding, long-term relationships with our clients. Our goal is to provide high
quality, responsive service that yields returns far greater than your investment in our professional fees. Please find below our proposal of fees to provide the requested services for the upcoming three respective fiscal years.

SERVICE	2018

CRIFEES

$5,750

2019	2020

Perform external audit services in accordance with auditing standards generally accepted in the United States of America (GAAS)

$5,850

$6,000

UNIQUE SAVINGS OPPORTUNITY WITH CRI
CHI offers the uniquP opportunity lo utili,c the CRI vSTAR"" process, our virtual ;1udil process that rnrnbincs minimal hardware, rnllaborative software, ;md canu�ras to ;illow us lo perform
all or p;irt of our audit engagement virtually ;md in real lime. CRI vSTAR'"' clients will Pnjoy reduted or l'iimin.ited lravel rosl s whi<:h translate,; into savings.

If the District requests additional services outside of this proposal, professional fee hourly rates are as follows, but may be negotiated depending on the project request:

Partner Manager	$225
$140	
Senior	$100	
Staff	$80	

' CLASSIFICATION	HOURLY RATE

IT Specialist	$200
Fraud Specialist	$200
Our professional fees are based on the key assumptions that Celebration Pointe Community Development District No. 1 will:
Make available documents and work papers for review at Celebration Pointe Community Development District No. l's headquarters location, although we may choose to review at alternate
locations.
Prepare certain schedules and analyses and provide supporting documents as requested.
Assist us in obtaining an understanding of the accounting systems of the District.
Not experience a significant change in business operations or financial reporting standards.

CRlcpa.com	CARR, RIGGS & INGRAM	s

Clients in all 50 states
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CPA	CFF	CISSP
ABV	CFP	CITP
AEP	CFSA   CMA
AES	CFST CMPE CAM CGAP CRFA CCA	CGEIT CRISC CCIFP CGFM CRMA CCSFP CGMII CSEP CEPA    CIA	CSP

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CFE	CIE	CVA C"F'E�"�   CISA

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CARR, RIGGS & INGRAM	6

GOVERNMENT CREDENTIALS	■■

Audit	___
450+.!.!l	Clients

governmental entities with annual revenues totaling
$22 billion

for 30%

Perform Single Audits
,; flfH,,xi.-n.:, tely	Q 0f .:,ii

$6

governmental entities i ncludes
billion ",r

tN�t·t,

federally awarded expenditures

with annual revenues up to
School District
$1 billion
Munlclp.ilily
''$1 .2 bill ion

tltff

Agencies/Authorities
$5 billi,)n

Different Governmental Pa rtner Designations
CPA. CGFM, CITP. CFE, CMA, CISA, CGEIT, CTGA, CFF, CG MA, CGAP

Spotlighting Our Expertise

governments@CRIcpa.com CRlcpa.corn

CRlcpa.com	CARR, RIGGS & INGRAM	7

■

RE LEVANT EX PERI ENCE	■
CRI delivers a depth of resources that ensures our understanding of your challenges and innovative solutions for overcoming them. Our governmental team's 1,100+ years of combined experience Is derived from providing audit and accounting outsourcing services to a client base that includes:
450+ governmental entity clients across the South totaling approximately $22 billion in total revenues,
Perform single audits for approximately 30% of all governmental clients, and
Municipality clients of up to $1.2 billion in total revenues.
We parlay this vast experience and derived best practices into proven solutions that benefit you. Below we share specific, relevant client references; we encourage you to consult with them.

•

RELATIONSHIP	TIMELINE	SERVI CE DESCRIPTION	RELEVANT POINTS TO

Rizzetta & Company	2006 - Present		Annual Financial Shawn WIidermuth		Statement Audits of 3434 Colwell Avenue				Multiple CDDs
Suite 200

CONSIDER

•

•

Client service experience Responsiveness to client needs
Long-term relationship

Tampa, FL 33614	•	COD management co.

813.933.5571
GMS, LLC	2006 - Present	Annual Financial
	
Client service experience

Dave DeNagy	Statement Audits of	•	Responsiveness to client

14785 Old St. Augustine Road,	Multiple CDDs suite 4

needs

•

Long-term relationship

Jacksonville, FL 32258	•	coo management co .

904.288.9130
Wrathell, Hunt & Associates,	2006 - Present	Annual Financial
	
Client service experience
	Responsiveness to client

LLC
Jeffrey Pinder 2300 Glades Road Suite 410W
Boca Raton, FL 33431 561.571.0010
Fishklnd & Associates

Statement Audits of Multiple coos

2007 - Present	Annual Financial

needs

•

•

Long·term relationship CDD management co.

Client service experience

Jen nifer Glasgow

Statement Audits of	•	Responsiveness to client

12051 Corporate Blvd.
Orlando, FL 32817

Multiple CDDs

needs

•

Long-term relationship

407.382.3256

CRlcpa.com

CDD management co.

For an example of our team's expertise, watch a CRI video blog by partner Brian Barksdale discussing Government-Wide Statement of Activities. Just snap this QR code with your mobile phone to download or visit CRlcpa.com to view one of our 100+ videos.
CARR, RIGGS & INGRAM	8

■

YO UR SO L UTION TEAM	■
We have assembled a team of professionals who will ensure the highest level of personal dedication and professional excellence to you. Our team delivers exceptional services through a balanced blend of skills (service-driven, industry-specific, technical, and business) and experience that we know are important to you.

Brief profiles of each member of the team identified below follow on subsequent pages.

lH'- v1rtlUAL ADVAtffAC.L

Enhanced Specialist Interaction Delivered by the CRI vSTAR™ Process
Enjoy access to industry and service specialists, regardless of location, with minimal scheduling and no travel.

Alan Jowers
ENGAGEMENT PARTNER

Katie Sidrony
CONCURRING PARTNER

Stephen Riggs IV
CONSULTING PARTNER

Grace Hartness
SENIOR MANAGER

CRlcpa.com

Jonathan Hartness
SENIOR MANAGER

Ali Gorman
SENIOR MANAGER

CARR, RIGGS & INGRAM	9

YOUR SOLUTION TEAM	■■
K. Alan Jowers
Engagement Partner

(850) 837-3141 phone	AJowers@cricpa.com

Representative Cllents
Santa Rosa County District School Board
Okaloosa Gas District
Santa Rosa Island Authority
Pasco County
Okaloosa County District School Board
Celebration Community Development District
Hammock Bay Community Development District
Amelia National Community Development District

CRlcpa.com

Experience
Alan has nearly 25 years' experience in public accounting, primarily on financial statement assurance engagements. His practice includes audits, reviews and compilations of local governmental entities, condominium and homeowner associations, non-profit organizations and nonpublic companies. He currently has direct engagement responsibility for over 50 audits of local governmental entities, including counties, cities, school boards, utility districts and Florida community development districts.
Alan is licensed to practice as a certified public accountant in Florida and Georgia. He is a member of the Board of Directors of the Florida Institute of Certified Public Accountants (FICPA), has been an active member of the FICPA's State and Local Governmental Committee and is a past chair of Its Common Interest Realty Association Committee. He is also active In the Panhandle Chapter of the Florida Governmental Finance Officers Association (FGFOA) and is a former member of the FGFOA's statewide Technical Resource Committee.
Education, Licenses & Certifications
Masters of Accountancy, University of Alabama
BS, Accounting, Florida State University
Certified Public Accountant
Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA) - member of the Board of Governors
Governmental Finance Officers Association (GFOA)
Florida Governmental Finance Officers Association (FGFOA) - member of Technical Resource Committee

CARR, RIGGS & INGRAM	10

■

YOUR SOLUTION TE AM	■
Katie Sidrony Concurring Partner
(850) 837-3141 phone	KSidrony@cricpa.com

Representative Clients

•

Community Development Districts
Condominium and
Homeowner Associations

•

County and Local Governments
Non-Profit Organizations
Privately-held corporations

CRlcpa,com

Experience
Katie has over 11 years accounting and audit experience with CRI. Her practice includes audits, reviews, and compilation of governmental entitles, condominium and homeowner associations, non-profit organizations and privately-held corporations.
Katie is licensed to practice as a certified public accountant in Florida. She is a member of the Florida Institute of Certified Public Accountants and exceeds all continuing professional education requirements related to Government Auditing Standards.
Katie has direct engagement responsibility for many special districts in the State of Florida including community development districts, fire districts, utility districts and school districts. She is active In our firm's condominium and homeowner association practice.
Education, Licenses & Certifications
Master of Business Administration, Troy University
BSBA, Professional Accountancy, University of West Florida
Certified Public Accountant
Community Association Manager (CAM), Licensed In Florida
Professional Affiliations
American Institute of Certified Public Accountants
(AICPA)
Florida Institute of Certified Public Accountants (FICPA)

CARR, RIGGS & INGRAM	11

■

YOUR SOLUTION TEAM	■
Stephen Riggs, IV Consulting Partner

(850} 837-3141 phone

SCRiggs@cricpa.com

Representative Clients
Bainebridge COD
CFM COD
Gramercy Farms COD
Heritage Harbour North COD
River Hall COD
Tern Bay COD
Waterlefe COD
City of Key West, Florida
- Internal Audit and Forensic
Okaloosa County Sheriff's Office
Bahama Conch Community Land Trust - Internal Audit and Forensic

CRlcpa.com

Experience
Stephen has over 13 years accounting and audit experience, including three years with the international public accounting firm, Ernst & Young, LLP. His experience Includes numerous clients in industries including governmental, not-for-profit, healthcare, SEC and privately held corporations.
Stephen Is licensed to practice as a certified public accountant in Florida. He is a member of the State and local Governmental section of the Florida Institute of Certified Public Accountants and exceeds all continuing professional education requirements related to Government Auditing Standards.
He is currently a partner on engagements for many special districts In the State of Florida, including community development districts, fire districts and school districts. In addition to his public accounting experience, Stephen has served on the Board of Directors for a Community Development District and a non-profit organization.
Education, Licenses & Certifications
Masters of Accountancy, University of West Florida
BA, Economics, University of Florida
Certified Public Accountant
Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Past President, Emerald Coast Chapter of Florida
Institute of Certified Public Accountants (FICPA)

CARR, R IGGS & INGRAM	12

■

YOUR  SO LUTION  TEAM	■

G race Hartness Senior Manager

(850) 837-3141 phone	GHartness@cricpa.com

•

Representative Service Areas
Community Development Districts

•

Condominium and Homeowner Associations
Utility Services
School Districts
County and Local

•

Governments
Non-Profit Organizations

CRlepa.com

Experience
Grace has over 11 years accounting and audit experience with CRI. She has worked on several major construction companies, government entities, community development districts, condominium and homeowner associations and non-profit organizations. In addition, she has been Involved in special audit projects for the Miami-Dade Airport Authority.
Grace is licensed to practice as a certified public accountant in Florida and exceeds all continuing professional education requirements related to Government Auditing Standards. In addition, Grace fluently speaks several languages Including French and Arabic.
Grace currently supervises engagements for many special districts in the State of Florida including community development districts and school districts. She is active In our firm's condominium and homeowner association practice.
Grace started with CRI in August 2006, upon completion of her master's degree, and was promoted to manager in 2011.
Education, Licenses & Certifications
MAcc, Accounting, University of West Florida
Certified Public Accountant
Community Association Manager (CAM), Licensed in Florida
Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants
{FICPA)
Accounting & Financial Women's Alliance (AFWA)

CARR, R IGGS & INGRAM	13

■

YO UR SOLUTION TEAM	■
Jonathan Hartness Senior Manager

(850) 837-3141 phone	JHartness@cricpa.com

Representative Service Areas
•	Community Development Districts
•	Condominium and
Homeowner Associations
•	Non-Profit Organizations

CRlcpa.com

Experience
Jonathan has over 10 years' auditing and accounting experience with CRI. He is an audit manager with primary responsibility for fieldwork and reporting on audits of clients in a variety of industries including local governments, condominium and homeowner associations, and small businesses. He is currently the audit manager for approximately 25 community development districts and works with several COD management companies in the State of Florida.
Jonathan is licensed to practice as a Certified Public Accountant in Florida. He is a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. He exceeds all continuing professional education requirements related to Government Auditing Standards.
Jonathan currently supervises engagements for many governmental entities in the State of Florida including community development districts. He is active In our firm's governmental Industry line as well as our condominium and hom eowner association practice. Jonathan is an integral part of our community development district practice.
Education, Licenses & Certifications
•	MAcc, Accounting, University of West Florida
•	Certified Public Accountant
•	Community Association Manager (CAM), Licensed in Florida
Professional Affiliations
•		American Institute of Certified Public Accountants (AICPA)
•	Florida Institute of Certified Public Accountants (FICPA)

CARR, RIGGS & INGRAM	14

■

YOUR SOLUTION TEAM	■

Ali Gorman Senior Manager

(850) 837-3141 phone	AGorman@cricpa.com

Representative Service Areas
Community Development Districts
Condominium and Homeowner Associations
Utility Services
School Districts
County and Local Governments
Non-Profit Organizations

CRlcpa.com

Experience
Ali has over 10 years auditing and accounting experience in both the Tallahassee and Destin offices of CRI. She is an audit manager with primary responsibility for fieldwork and reporting on audits of clients in a variety of industries Including local governmental and non-profit entities as well as financial institutions and commercial businesses. She Is currently the audit manager for over 25 community development districts, and works with several CDD management companies in the State of Florida.
All Is licensed to practice as a Certified Public Accountant in Florida. She Is a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. She exceeds all continuing professional education requirements related to Government Auditing Standards.
All currently supervises engagements for many governmental entitles In the State of Florida Including community development districts, municipalities, utility districts, and other special governments. She is active in our firm's gover nmental industry line as well as the condominium and homeowner association practice. In addition, Ali has accumulated experience throughout her career In Federal and Florida Single Audit Acts compliance monitoring and auditing. Ali has performed many single audits of federal grants under 0MB Circular A-133 and Uniform Grant Guidance (UGG).
Education, Licenses & Certifications
BS, Accounting, Florida State University
Certified Public Accountant
Community Association Manager (CAM), Licensed in Florida
Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Governmental Finance Officers Association (GFOA)
CARR, RIGGS & INGRAM	15

■

DE LIVE RING QUALITY TO YOU	■

CRI PRO FESSIONAL DEVE LOPMENT 
Comprehensive training to help shape employee success.
The quality of a professional services firm is determined by its people and the firm's investment in them.

ON- THE-J OB LEAR NI NG 
Apprentices hip model

OhtNIO' l!	RAI NI 
G P.	W.	K

CRlcpa.com

SPECI ALTY TRAINING 
Industry-spec ific and specialty services trafning
n ACA Reporting
» ALTA Complianc

IT AUDIT SCHOOLS 

AICPA

Three progressive levels
Taught by	leaders
Participants are audit
volunteers

CARR, RIGGS & INGRAM	16

AUDIT METHODOLOGY

DE LIVERI NG QUALITY TO YOU	■■

Our audit, tax, consulting, and client accounting services documentation is maintained electronically. Compliance with our methodology is regularly reviewed and evaluated as part of our Internal quality program, which is further discussed in this section under INTERNAL QUALITY CONTROL REVIEWS AND EXTE RNAL REVIEWS. Comprehensive policies and procedures governing all of our practices and addressing professional and regulatory standards and Implementation issues are constantly updated for new professional developments and emerging issues. See PAGES 22 - 26 for a more detailed description of the relevant approach and methodology.

ENGAGEMENT QUALITY REVIEW PARTNER (CONCURRING PARTNER)

•

Each audit has an assigned engagement quality review (EQR) partner with the appropriate experience. This role is one of the most important elements of our quality assurance process, as it provides for a timely, independent review of all key accounting and auditing issues. The EQR partner also reviews the financial statements and related supporting documentation-including the disclosures-to evaluate their fair presentation under accounting principles generally accepted In the United States of America (GAAP).

INTERNAL QUALITY CONTROL REVIEWS  AND EXTERNAL REVIEWS
Experienced partners and professional staff of our firm conduct quality control reviews of our audits. Our partners' work Is reviewed
annually, and the inspection process includes periodic testing of the	✓	'
effectiveness of our quality controls and a continuous Improvement program.
Internal Inspection: A permanent team of subject matter experts annually perform 150+ reviews of a rlsk�based sample of partners and engagements.
Continuous Process Improvement Reviews: In  addition to #1 above, this ongoing process reviews each audit partner twice annually, representing 300+ reviews each year.

CRI is enrolled in the AICPA Peer Review Program, through which our external reviews are conducted by another independent public accounting firm. We have our accounting and auditing practice triennially reviewed as a member In this program.

Additionally, we are registered with the PCAOB, who performs an external revlew inspection once every three years.

CRlcpa.com	CARR, RIGGS & INGRAM	17

THE CRI vSTAR™ PROCESS

■■■

FREQUENTLY ASKED QUESTIONS

Is the CRI vSTART"' process secure?
Yes. Three points of focus are:
All sessions are encrypted using TLS.
All recordings are
maintained on encrypted CRI recordings.
It eliminates your need to potentially supply user
credentials to your auditor.

What are the set-up requirements?
Internet connection and installation of the
GoToMeeting App (license provided by CRI) plus:
For group meetings, TV or projector with HDMI input plus approximately 20
min utes for CRI vSTAR™ kit set-up.

For one-to-one meetings, a device with sound - and preferably a camera.

114

How does session scheduling work for the CRI vSTART process?
The process util izes widely accepted calendaring tools
such as Microsoft Outlook - to schedule audit procedures.

R EASO NS TO CHOOSE
CRl'S VIRTUAL  SMART TECH AUDITS  & REVIEWS

. .. .  .�.   . . '
REOUCE.S TRAVtl COSTS

CRlcpa.com

CARR, RIGGS & INGRAM	18

■

SH ARING  CRl'S  VALUES WITH  YOU	■

We are proud of our hands-on, service-centric, and results-oriented approach. Combining that approach with quality controls and superior talent allows us to help you achieve your goals
and strengthen yom management systems aJld processes. This approach Is further emphasized through our three core values which guide our team's behavior and function as the foundation for Interactions with our clients and each other.

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highest expectations	arebased on

or exceeding the	 .!_:

i·,,!

Living with Integrity,	!	Building productive,	!

i

and sharing.

,

transparency,	!	long•term relationships
and honesty.	!i.	whh each other that	·,

i,_·       i._

of our clients.	, :

J :.

mutual respect, trust, J

........................................,,·   ·.,.. .. ............;...,....... ... .....·  ·····• ,,.,   .... ........... '""'"' .
. .	.  .

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CARR, RIGGS & INGRAM	19

■

TRANSITIONING YOU	■
When choosing to change firms, the time involved in working with new accounting professionals is often a concern. CRl's well-defined efficient, seamless transition process is designed to:

Provide you with value from the very first encounter,
Avoid interruption of service,
Minimize disruption and Investment of management's time,
Raise the standard of service, and
Establish ongoing channels of communication with Celebration Pointe Community Development District No. l's management.

The transition plan is comprised of the following key activities and can occur within approximately two weeks, depending on the availability of the parties Involved:

'	..... ..

. . .. .
Management. approve.s the change In firms,
pending new firm's completion of client acceptance procedures.
CAI performs client acceptance procedures, such as:
Interview key service provider relationships
Interview predecessor firm.
Internal firm review and approval.

.

'
'•

Management notifies predecessor firm or decision to change service providers.
CRI makes Inquiries ofand reviews predecessor firm workpapers related to your prior year's audit
and tax services (as
applleable).
Predecessor firm provides copies of requested workpapers.

·································

.

CRI and management sign engagement letter.
CRI and management develop communication plan protocol.
CRI and management finalize timetable and key dates,
CRI develops initial understanding of your businessprocesses.
CRI reports to management process review Items subsequent to initial planning stage.

CRlcpa.com	CARR, RIGGS & INGRAM	20

JOINING OUR CONVE RSATI ON	■■

CRI shines a light on best practices via thousands of articles, videos, informative charts, .ind descriptive testimonials. With sections dedlc.ited to illuminating Insights by Industries and services, our easy-to-navigate website highlights trending topics that detail new standurds, changing regulations, ilnd other current business topics. From cybersecurity to the new reven ue recognition standard, we are ready to proactively answer your questions.

J I1 i ll
CRlns1ghts are your doorwD}' lo In-depth yet down-to-earth explanations of complex topics. We understand that just because a topic makes perfect sense to a CPA doesn't mean that it should to our clients.

The Busy CFO & Controller's Toolkit for Successfully Implementing the New Revenue Recognition Stiindard
6 Key Ways to Strengthen Your Cybersecurity Posture

Back to Basics, 5 Key Financial Considerations for Construction Companies
The Not-for-Profit's Gulde to Fraud Prevention

Our team is dedicated lo keeping our clients informed, and we prove it by creating il custom monthly e-newsletter with widely-applicable topics. The articles are designed to help you improve your busi ness and personal finances. Popular topics include:

CRlcpa.com

3 Th ings To Improve Business Operations Immediately
Financial Statement Audits Aren't Designed to Identify Fraud

Are You a Big "Phish?'' Protect from Cybersecurity Whaling Attacks
You Might Have Money Hiding In Plain Sight

CARR, RIGGS & INGRAM	21

CRI   AUDIT FRAME WORK	■■
Our proposed services require a coordinated effort between us and Celebration Pointe Community Development District No, l's team. Planning and continual communication are essential to developing the appropriate procedures, working collaboratively to resolve any identified issues, and meeting your timelines.
CRl's audit approach occurs within a framework of our client's business and industry; therefore, we assess risk by:

Understanding management's perspectives and goals, and
Considering business conditions and threats that could prevent management from achieving its business objectives.

We assess risks in the following areas:

�·�;�;;�;;��

('

....

.	. . .

.. .. .... . . .... .

:•' .............. . ............. ................ ........ ....

... .... .. . ...... . .
Financial Reporting Compliance
New Accounting Pronol111cements

' . .	.

.	Acquisition, Divestiture & Reorganization
Audit CornmlUee & Management Expectations j

.	.	.

.

Operating Results Banking Covenant

.....................................

,.,............., ...... ....... .....
Internal Control Environmerit
IT Systems & Support

·,.............................................................

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R.e..q.u..i.r.e..m...e.n..t.s...................

......................................\
Investor/Market Expectations
Technological Innovation
Leglslatlve/Regul::itory Changes
•.............................................................•

CARR, RIGGS & INGRAM	22

•

CRI  AUDIT  FRAMEWORK	•
Our ultimate intent Is to drill down from these broad risks to specific financial reporting risks. We understand both these risks and management's processes and procedures for mitigating them (I.e. internal controls) in order to develop our procedures to carry out our audit responsibilities.
Although our audits are conducted through a structured, risk-based model, we focus on understanding the client's heeds, requirements, and expectations. We work collaboratively with management and the Audit Committee (or similar function) to develop a communication and work plan to continuously improve client service, by dolng so we help in moving your team from simple compliance to providing you with a competitive advantage.

In planning, we concentrate on "key risks,'' (Items with a greater risk of a material misstatement, a material weakness In Internal controls, or other matters resulting in the issuance of an Inappropriate audit report). We focus on "material" Items (i.e. those items that would be important to the user of your financial statements). When evaluating materiality of identified misstatements, certain quantitative and qualitative factors must be considered-which may include:
Impact on operating trends (revenue/income, expenses, net income, etc),
Nature of the misstatement {i.e., did the misstatement result from an unlawful transaction?).
Impact on liquidity, capital/surplus, earnings capacity, etc.
Impact to loan covenants and contractual and regulatory requirements.
Consistent communicatioh is a key to completion of the audit. By ensuring constant involvement, we are In a better position to respond to your Issues timely and efficiently. Therefore, we plan to meet with your management to:
Set-up the audit by reviewing the mapping of Celebration Pointe Community Development District No. l's financial Information (financial statements and notes) to significant processes and IT systems to ensure that all significant account balances, transactions, procedures, and systems are tested as deemed necessary.
Discuss ongoing changes-specifically new accounting pronouncements and key business transactions in their early stages, enabling us to agree on the resolution of various complex business issues on a timely basis.

CRlcpa.com	CARR,RIGGS & INGRAM 23

■

CRI AU DIT APP ROACH	■
Our audit approach is a four stage approach, as depicted In the summary below. Our client acceptance and risk assessment procedures (as noted on the previous page) occur during detailed conversations and observations with your team. The results of those procedures allow us to tailor an audit program to your specific risks and needs. We then execute the audit, report the results, and evaluate continuous Improvement opportunities for ongoing service and benefit to you.

CLIENT

7-  �l}Jl,I{:_;.

REPORT &

ACCEPTANCE & PRE PLANNING

...     ' Eu,�,X.411EtVT1•· .IO..;N•

MONITOR

Client
Acceptance

Substantive '.Analytlcs

Engagement
Seo in

Celebration Pointe COD No. 1

Issue
Oplriion(s)

COMPLIANCE TO COMPETITIVE ADVANTAGE

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CARR, R IGGS & ING RAM	24

.:   Stage 1:  Client Acceptance & Pre-planning	:..

...························································ ···....
.:   •  Perform client acceptance procedures where	:.
:	necessary.	:.
.:   • Collaborate with management to agree to	:

CRI  AUDIT AP PROACH	■

••	·•

■

. • • • t I I I • t I I I O I I I I I O I I I I I I I I I I I I I I I I I O I t I I I I I I O I I I I t t t t
St,1ge 3:  /\11dit Execution
Where possible, develop detailed analytical procedures to use as substantive tests to reduce j
tests of details. Examples Include:

.:	expectations and scope.	:.

ratio analysis,

: • Assign appropriate staff to engagement based	:

regression analysis,

:.	on cllent needs and assessed risk.

.:	- trend analysis,

·..., ........................................................·

Interview client personnel and others, as necessary to understand client-specific objectives and risks.
Assess environmental and other external risks and potential Impact on the audit planning.
Assess entity level controls Including: control environment, risk assessment, information & communication, and monitoring controls.
Assess management's fraud and IT risk assessment models. Develop independent fraud and IT risk assessment.
Assess IT General Computer (ITGCJ controls, such as IT Environment, Developing & Delivering IT, and Operating IT & Monitoring IT.
Assess materiality.
Perform preliminary analytical procedures.
Map financial statements to significant transactions, processes, IT systems and related
controls.

predictive tests or
reasonableness tests.	.
Where possible utilize Computer-Assisted Audit j Techniques (CAATs), such as IDEA or ACL to
automate testing for more coverageand less disruption to the client.
Where possible, perform targeted testing (also known as "coverage" testing) of account
balances to tests large portions of account balances.
Perform tests of details, including sampling, If applicable or necessary.
Perform general audit procedures, as and if applicable, such as tests related to:
commitments and contingencies,
legal letters,
management representations,
reviews of Board minutes,
related party transactions,
debt covenants and
going concern.
Perform other tests for compliance such as
Yellow Book or Single Audit Tests. ••••• ••••••••••

Develop understahding of significant processes and related controls.
Determine existence of/reliance on SSAE 16 (formerly SAS 70(s)).
Test controls including ITGC, as and if deemed appropriate. Tests will Include a mix of:

: • ••  •• I• t• •f   •I  •t  I• I• I• •I   •I   •f  •I  •I   •f  •t  t• •t  •f  ..t  •i  •t  It  •t  •f  •f  t• •t  •1  ••  ••  ••  •t  •t   •• •• •o  •o  •t   o  t  •  •  •   •• •  •  •  •   I  •   I   1  1 01

Stage 4: Report & Monitor

Continually monitor the audit and provide feedback as agreed during scoping or more frequently, as deemed appropriate.

Inquiry,
observation,
examination and
re-performance.
Determine reliance on Internal Audit, If applicable (e.g. controls or detailed tests).
Determine reliance on speciallst(s), If applicable (e.g. valuations, pension costs, etc:.).
Finalize risk assessments and develop final audlt strategy.

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, Conclude the audit (I.e. Issue opinions and/or reports).
Develop and present required communications, i
including management letter comments.
, Perform an internal team de-briefing to Identify : areas for improvement.	;

:

Welcome the opportunity for an external de-	! briefing with our clients to Improve.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ♦ • • •   
CARR, RIGGS & INGRAM	25

CRlcpa.com

APPENDI X A - RFP DO CUMENTS	■

■

CELEBRATIO� POINTE COMMUNITY DEVELOP�ll:NT DL5TRICT NO. l REQUEST FOR PROPOSALS FOR •.\NNUAL AUDIT SERHCIS
The Celebration Pointe Community Developm� District No. 1 herebr, requests proposals for annual financial auditmg services. The propow must provide for the auditing of the District's financial records for the fiscal year ending September 30, 2018, with an option for two (2) additional annual renewals. The District is a local twit of
special-pwpose govmune.nt createdundB Chapter 190,  Florida  Statutes, for the purpose

$.

of financing, constructing, and maintaining public .infrasbucturc. The District is localed in Alachua County and has an operating budget of approxmiately $108,000. The fuml colltr.tct will require that, among other thin.gs, the audit for Fiscal Year 2018 be completed no later than June l, 2019.
Each auditin entity submitting a proposal must be authorized to do business in Florida; hold all applicable state and fed eral professional licellSes in good standing, includixlg but not limited to a license under Chapter 473, Florida SIBtutes; and be qwtlified to conduct audits in accordance with "Govemment Auditing Standards," as adopted by the Florida Bollfd of Accountancy. Audilli shall be conducted in accordance with Florida law and pru1icularly Sec.tion 218 39, Florida Statutes, and the rules ofthe Florida Auditor General.
.
Proposal pacl:ages, which indude additional qualification requirunents , evaluation criteria and mstructions to proposers, are available from the Di,trict Manager at the addnss and telephonenumberli,t,d below.

. .

.

Proposers mustprovide three (3) hard copies oftheirproposal and one (1) electronic copy (CD or flash drive) to Jennifer Walden. District Manager, located at 12051 Corporate Boulevard, Orlando, Florida 32817, in an em•elope uwked on the outside "Auditing Services - Celebration Pointe Community De\·elopment District No l " Proposals must be received by Jul)' 6, 2018, at 3:00 p.m., at the office of the District Mllllllger Please direct all questions regarding this Request for Proposals to the District Manager, who can be rrached at (407) 382-3256.

.

Anyprotest regarding the tmll.'l of this Notice, or theproposal packages on filewith the District Mana.e;er, must be filed in writing nt the offices of the District Manager within sev�-two (72) calendar hours (excluding weekends) after publication ofthis Notice The fonnal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of pro�t or failure to timdy file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaidNotice or propos.al pacl:age pro visions.
Cdebration Pointe Community Development District No. l Jennifer Walden, District Man.ager

RUN DATE: Frida,,· Mav -t ?018

CARR, RIGGS & INGRAM	16

■

APPENDIX A - RF P DOCUMENTS	■

C'EUBRATIONPOINIE COlBIUl'lllY DE\'l.l.OPME.t.VI' DISl'lUCT NO. l RE(JUEST FOR PII.OPOSALS
Distritt Audili:nc Serrices for FimilYear 1018 Alachua County, Florida
INSTRUCTIOSS TO PROPOSERS
S"£CTION l.	DUE DATI, Sealed proposals mnst be recu,"M 110 later thm July 6,
!018, nt J100 p.m.1 at the offica!i of the District Mm.i;u, Filhkind & �cia�, Inc... located at 1205 l CoJJ) onte Boulavud, Orlando, Florida 32817.

Sl:C'll0N :. FAlllllAJUlY Mm THE Li\W, By submitting a proposal, the Plopom is ll5UIDM to ba £amilw: wilh all &dual, slate, and low b'l'o•s, ordiaances, rules w:1 tt�tioll! that in ;auy llW1ll8T afl'ectthawork. �ranee oa the part oftbe Proposer will in no wry relie1,·e it &om t�OIISl"bility to pm'orm the wor:k covered  by the proposal i.n co111pliance with all  such laws, ordinmtE and re;ubtioll!I.
SEclION 3.	QUALlllCATIOSS OF PROPOSER. The conlnct, ifawarded, will ouly be
awuded to a respoll$ible ProJ)O� who is qualified by uperim01t aud licaming to do Iha wor:k specified hemn.  The Propol:l!J' shall submit,vith ib propcna.l �3tuf;ictory e\;dax:e otexpenUlc:. in similir wad. and show th.at it is fully prepand to complete the wcxk to the !l.ltufiiclion of ti.
District.

SI.cnON -t SlnWISSI0N OF ONLYONE PROPOSAL. Propoi:er.. shall be di,qu;alified aJld &eir proposals rejected if� District ms rusoo to beliu·e that collusion may uut ilDlong the Proposm, the Propo:ier h:1s defaulted on :aey previous contnct or is in am!JD on ;my pm.•ious or existiai: contract, or for fllilure to demon.smte proper licer:isure md b\Wll.e!ls orpuizaliou.
Sl:CTI0N 6. SUB�0N OF PROPOSAL �ch PtQP<n41l' shall submit three (3) hard ccpi.u md one (l) eli!dronic copy of th■ Prcpo5al Dooumml5 (defined below), and other requeted atbcl11nt11CJ at tha time ;md pbce indicated herein, which s� be euclo�ed in :an opaq,ue  naled  anvelo�,  owk- •d  with  the  title  "Audilin1  Sen-i�  -  Ctleb�tiou  Poi.o.te CommunityDnelopmenl DirtrictNo, 1" Oil the nee ofit.

SE.Cn0l'Hi,      MoDmCAnOS A,. 'D WITHDRAWAL   Proponals may be mo<l.ined or withdrawo by :111 appropriate doc�nt duly executed .md delfrved lo the place wb!N propo5lb are to be submitted at any tiJ:ne prior to the time md date the propMals are due. No proponl may be withdnwu after CJlk!IUDI: for a period ofDllll!ly (90) dayn.
S"!:CTION ?.      PROPOSAL DOctlME.YI'S,   The p� dOC\IIDmt, mall romi5t of the uotice announcing tb1 niquesl for proposals, lhtse instruction:., � evalmtiou oiteiu and a propooal with all nquind doc:u.uiutation pursum.t to Section 12 of the,e instroclions (the "Proposal Do=lii").
�ECTION 8. PROPOSAL. In making it, proposal, ucb Proposer repre,aa that it w rud  ;md undentands the Propo:.al  Doc:ummb  and  th..t the pzoposal is made  in accordaooe therewith.

CRlcpa.com	CARR, RIGGS & INGRAM	27

CRlcpa.com

APPENDIX A - RF P DOCUMENTS

Sl:CnON 9. BASIS OF AWAJID!RICBT TOREJECT. Th. District re.save the right to reject any md all prop,onh, mae modific:atiou:1 to the work,  and �ve :my informalitil!'.l.  or irregularitie!l in propowll ;u it is dammd in the 1-t inteiem ofthe D�tric:l
SECTION 10. CONIRACf AWARD, Within Courteen (14) da}"!l ofrec:e.ipt of Iha Notice of Awmi from the District, the Prop,oH£ sh.ill e11ter LIiio md eacute a colltDcl or mppmmt letfu l\,j !h the District.
SI.C'llON 11. LIMITATION OF Lr.ABJI.ITY. ND'lhio1 herein wll � c:oiutrued ;u: or collStiillte a l\°ai\"U of Dutricl' s limited waiver of liability conraintd in �tioo 768.28, Floruh S�tute.s, or my olherstatute or law.
�CilON 1?,     CONIENTS OF PROPOSAL'i.  All prnpO""..w wll include !Im following infcxma:tion in addition to any oiherrequ.irttoenlll ofthe Propcnal Docu11it!nlll.

wt

A,        List �il:ion or  title  of all personnel to pufonn work  on the Distric:.t  mdil lnclucla  re!lUIIUtS  for  nth  person  wted;         yeaJ:S  of e.,q>erunce  in  present po�ition for uch puty J.ut.d md year, ofrehled e�ence.

8.        Desciibe   proposed   �bffing   leveb,   including   resumes   ,-,;th   ;ipplica� Nrtifiatioll'.I.
Provide three (3) rafermcm &om p,rojtcts of similar siu atld scope. The Proposer should includa infonnation nbting to th.e work it concluded for each
reference as well :u a iwm, addnu and phona aumbet of a cootact persoo.. Jdei,.tify any work previomly oond�t.d for other community de�·elopmmt
districts.
The lump $\Ull �tofthe pm,mon ofthe services unde.i· the propo..al, plus the eo1toftwo (2) lQlJIIW retiewab.
SEC'IION 13,     PROTESTS.  In ac<oniance with the Dbtrict'� R111u of Procedure, auy prolulreprcling the Propo5al Doc:U11W1ts, must be filed in writing, at th!! officH ofthe Dbtrict Manager, within 511\•mty-two (72) hours ;rlter the i:eceipt of tbe propo51!d contract docummts. The flllmal pro� 1141tting forth with particularity the &els and law upon whicli the protest is hMed sh.all be filed within se\"ell (7) c.almdar days after the mitial notice of prote.1t w.11� filed. Failure fo timely file a notiet1 Df prola5I or failW11 to timely file 11 f01llllll  written prof.est shall con.stitute aW.U\'tr ofany right to �ject or protest ";th respect to aforesaid contract award.

SECTION U, EVALUATION Of PROPOSAI.S. Tha aiteria to be used in the evaluilion of propo:.w are preseQ.IM in the evaluation c:nlu:ia, contained ";thin the Pro�al OOCl.lllltllb .

CARR, RIGGS & INGRAM	28

■■.

■

APPENDIX A - RFP DOCUME NTS	■

AUDITOR SELECTION EVALUATION CRITERIA (\'\'TIB PRICE)

Ab,1ity  o/Persom,r1.	(l0 Points)
This includes the geographic locatious of the fian's headquarters or pmnanent office in relation to the project; capabilities and experience ofkey penonnel; prrseu1 ability to IWll18ge this project; evaluation ofexisting work lo11d; proposed staffing levels, etc.
1.	Propostr's E.,perit11u.	(20 Points)
This includes past record and experience of the Proposer in similar projects; volwne of woi:k prev.iously peiform.ed by the fian; past perfonnance for other community development districts in other contracts; clwacter, integrity, reputation, of respondent. etc.
U11dtma11di11g ofScopr of Work.	(20 Points)
Extent to which the proposal de:mo nsttates an underslllnding of the District', needs for the services requested.
Ab11ity to Flm1irl1 t1,r Req11iredSmice.s_	(20 Points)
Extent to which the proposal demonstmtes the adequacy of Proposer's finilll.Cial resources and stability as a business entity necessary to complete the services required.
s_	Pde,_	(20 Points)
Points will be awarded based upon the lowest total bid for rendering the services and the reasonableness ofthe proposal.

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CARR, RIGGS & ING RAM	29

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Grau 

Grau & Associates
CERTIFI ED PUBLIC ACCOU NTANTS

Proposal to Provide Financial Auditing Services

CELEBRATION POINTE
COMMUNI TY DEVELOPMENT DISTRICT No. 1

Proposal Due: July 06, 201 8, 3:00PM 

Submitted to:
Celebration Pointe Community Development District No. 1 Attention: Jennifer Walden, District Manager
1 2051 Corporate Blvd
Orlando, Florida 32817 

Submitted by:
Antonio J. Grau, Partner Grau & Associates
2700 North Military Trail, Suite 350 Boca Raton, Florida 33431
Tel	(561 ) 994-9299 / (800) 229-5728
Fax	(561 ) 994-5823
tony@qraucpa.com I www.graucoa.com

Table of Contents
PAGE
EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS & EXPERIENCE	3
STAFF QUALIFICATIONS,	21
REFERENCES	29
COST OF SERVICES	31
SUPPLEMENTAL INFORMATION	33

fJ��.��>�,����!���
July 061 2018
ACtetelenbtrioanti:oJnePnoniinfeter WCoamldmenu,nDitiystDricetveMloapnmageenrt District No. 1 O1 2r0la5n1doC,oFrploorridaate3B2l8vd17 

2700 North Military Trail, Suite 350 Boca Ralon, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823

Re:	RSeepqtueemstbefro3r 0P, r2o0p1o8s,awl itfhoranPoropfteiosnsifoonratwl  oAu(2d)itaindgditSioenrvailcaensnufoarl rtehneewfiaslcsal  year  ended

efficient audit.

GDirsaturic&t'sA(stshoeci"aDteisstr(icGt"r)auR)eisqupelesat sfoerd Ptororpeosspaoln(dRtFoPth),eaCnedleloborkatfiorwPaordintteo CworkmingunwityithDyeovuelopnmyoeunrt aourgdaitn. izWateionasrejuasttelikaem yoofurksn,owanldedwge  kbnleowprohfoewsstioonwalosrkwwithithexyoteunstoivecoemxppletieenacne einffeacutidveitsafnodr

to	Our team provi ed services in	xcess of

Since our focus is on government, we fully understand the professional services and work

entities. Our practice is unique as 98% of work is either audit or work related to government and

p1 9ro,0d0u0cthsourresqfuoirreodur pumbleicesteycotourr cRlieFnPtsrelaqsut iyreemare, natnsd. we currently audit over 300 governmental non-profit entities.
In addition to our firm's focus, Grau & Associates is a great fit for your audit for a variety of other reasons, including:

perienced  audit  rs  in  the  field.   Unlike  many  other  firms,  our  auditors  work  almost

exclusively with governmental entities, which mean they are more knowledgeable and

EGxrapuerisiepnrcoeud of the fact that the personnel we assign to your audit are some of the most
etafkfiecieanthaonndasu-odnitsaplikperoyaocuhrsto. Oouurr aesnsgiaggnemmenetnst, pwahrticnherasllheanvseudreescaadesms ooftehxepreprrieoncceessafnodr yaobuo.utArlestor,adinuinegtoyoGurraauu'sdivtoerrsy flroowm tyuernaor vtoeryreaatre. for our industry, you  won't  have to worry

professionals. Because of our extensive experience, we are adept	making the transitio

to a new firm as smooth as possible. We work with you to resolve any issues and keep in

SOeurrvciclieents are pleased with the level of personalized service they receive from our talented

emergency, your records would be safe.

erenggualgaer mceontatcetasmowthillerreepoarrteanyo psoutrepnritsiaelsawudhiteandtjuhsetmfienantl sretopoyrot udoenl ivaerrse.g uInlafrabcat,siysosuor yreocuovweilrlyhpalvaen tahdaet qinucalutedetismdeaitloy dreastaeabracchk-aunpds raensdpoffdsi.teAfdildeitsiotonraalglye, , wseo ihnatvhe caadseisaosf taenr

Celebration Pointe Community Development District No. 1 July 06, 201 8

Responsiveness
We pride ourselves on our high level of responsiveness. We a nswer emails and telephone calls within 24 hours, and usually right away. We are always accessible to clients during business hours, and make every effort to answer any questions as they arise. Additionally, we don'tjust complete your audit and disappear. We understand the "big picture'' and think beyond the traditional auditor's perspective. We remain in touch for the entire year, suggesting ways you can improve your District's performance, procedures and controls. We will update, advise and educate you on new or revised reporting requirements so you are sure to always remain compliant.

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

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

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

We would be happy to answer any questions or provide additional information as needed. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or  Racquel  McIntosh,  CPA  (rmcintosh@graucpa.co m)  at  561 . 994.9299.  We  thank  you  for considering our firm's qualifications and experience, and look forward to serving you.
Very truly yours,

0	

Grau & Associates

ty--y�-
Antonio J. Grau

2

Grau & Associates
CERTIFIED PU BLlC ACCOUNTANTS

Fi rm		Qual ifications & Experience

3

Accountants.

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Grau's Focus and Experience

We are dedicated to serving Special Districts.

•

We currently audit over 300 Special Districts.
Last year, Grau performed in excess of 19 ,000 hours of services for our Public Sector Clients under

Grau currently only provides audit and attestation services principally for governmental and non­

•

Governmental Auditing Standards.
ppracfitticeen.tities under government auditing standards. The firm and staff are 100% dedicated to the audit

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

who	in	to the

Grau & Associates has a total of 17 employees, 15 professional staff, including 2 Partners and 13 

2	The number of professional staff by employee classification

professionals	specialize	providing auditing, accounting, consllfting, and monitoring services

----

------

iPsuabslicfoSlloewctso:r and	administrative professionals.

2

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I Partners *

 	..  •   _•     � •�•	•	
2

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 	2	

j Managers *	 	3	I	3	3

I Supervisor / Seniors * 

 	4	I	3	I	4

[ Advisory Consultant	'	1

I	 1	1

I Staff Accountants *	
I	Total

5
I	15

I	2	-,--5
i 11	I	15 

*ALL FULL TIME EMPLOYEES

Compliance with Government Education Requirements

the audit professionals of Grau & Associates	the education requirements as set forth in

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published by the Comptroller General of the United States,

exceed
Government Auditing Standards,	and our
continuing professional education programs ensure that all audit professionals meet the requirements to participate in audits of government agencies.

4

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

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

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

Memberships

All of the firm's CPA's are  properly licensed  as CPA's  and  members in good standing  of both the American  I nstitute of Certified Public Accountants and the Florida I nstitute of Certified Public Accountants. In addition, certain firm professionals are members or have been members of the following professional groups:
FICPA Committee on State and Local G overnment
Florida Government Finance Officers Association (FGOA)
Special Review Committee of the Government Finance Officers Association
Florida I nstitute of CPA Non-Profit Conference Committee
Florida Association of Special Districts (FASO)
FGFOA Annual Conference Program Committee
FASO Finance Committee
FICPA Young CPAs Committee
FICPA Accounting Careers Committee
In addition, we have an ongoing recruitment program that seeks only those accountants with a proven record of  academic  success.  When  we  recruit  at  the  senior  and  manager  level,  we  select  CPA's  with  proven g overnmental accounting and auditing experience.

Quality Control and Confidentiality

Grau participates in an external quality review program requiring an on-site independent examination of our auditing practice. Grau has consistently received an unqualified opinion on the quality of our audit practice. During our firm's last external quality control review, eight audits were reviewed, including five government audits. A copy ofthe report on the firm 's most recent quality review can be found on the followingpage.
In addition to scheduled Peer Reviews, our firm continuallymonitors performance to ensure the highest quality of services. Under the supervision of the Audit Partner,  an Audit Manager is responsible formonitoring quality control of all appropriate engagements.

Results of State and Federal Reviews

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

5

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M:1rd1 2. 2017
A11tonio Jo� Orc,u Jr. CP,\ Onm &. J\simcinh'.'5
2700 N Milil11ry 'l'rl S1dSO Rnc11 R1111,n, l'L 33431

Deur Mt. Oruu:
It is my pleasure lti nolili' you lhnt on Mnrch 2, 21)17 the r-lorid11 l'cer llcvlcw Cn111111i11cc ncccptcd Otc rr11orl on thu mns1 rc:ccm system peer ri.:vh.,w of your linn. The due drilc for
)'our next review is D�ccmllCr 31. 2019. Thi� is the t.lntc h)' which nil rcvicw dotumc111s
should be com11le1ccJ ond $\1bmi11ccJ \o 1hc mJminis1crinij entity.
/\r. you know, 1hc n:port lmd u p!Xr review n,1111� nf i,ol4�. The Commillcc uskcd m� llt convey lls conwrt1tulutlo11s 10 Liu: llrm,
Sinccroly.
(?�h pj.,__
1'11111 N. llruwn, CPA. CCIMA
Directori'II'Tc1.:hnli.:ul Scrvit.:c�

cc: Dnnkl Joseph I lcvin, Cl'A

Finn Number: 43901 lol	l(c\ll�w N11111bcr: 474720

AI CPAj'

PEER REVIEW P ROGRAM 
iM proud  to prclhH'lr t'hl�
Certificate of Recognition
ro

Grau & Associates

for

Fur huvl o" o sysh,nl orqunllty cnntrol fcu Its nccounlln,: und nml1linu pnus ilce 111 13fl�cl t\..,r tho year 01idod June 30. 2016 whlcl, lnUJ bcc,'I d4J!tl».no<1 to mc:01 tho rcqulrt!n1an111 ul"thc quntl1y conlrol stu,,(lurd:c
am nccountlna;: nnd nv11ltl11� r,rocrlco osrnhll�hacl by lhc AICPA und whlol1 Wli!t r.:ornplh:t.l wl1h durlnu tho yonr 1h0n anded to provide Cho nrtu whh rl!tt.!lutrnblc ns1mrnncc of1;"n11fi1111'llng ,vhh prot\u1slnnnl 1111mtlurd�.

6

Partial List of Clients

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

COMMUNITY DMLOPMENT DISTRICTS	�C
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Aberdeen Community Development District	✓			9/30	
Allen Plantation Community Development District	✓			9/30	
Amelia Concourse Community Development District	✓			9/30	
Amelia National Community Development District	✓			9/30	
Amelia Walk Community Development District	✓			9/30	
Anthem Park Community Development District	✓			9/30	
Antigua at St. Augustine Community District	✓			9/30	
Aqua Isles Community Development District	✓			9/30	
Arbor Green Community Development District	✓		✓	9/30	
Arlington Ridge Community Development District	✓			9/30	
Armstrong Community Development District	✓		✓	9/30	
Artisan Lakes Community Development District	✓			9/30	
Asturia Community Development District	✓		✓	9/30	
Ave Maria Stewardship Community Development District	✓		✓	9/30	
Aventura Isles Community Development District	✓		✓	9/30	
Bahia Lakes Community Development District	✓		✓	9/30	
Ballantrae Community Development District	✓		✓	9/30	
Ballantrae Hillsborough Community Development District	✓		✓	9/30	
Bartram Park Community Development District	✓		✓	9/30	
Bartram Springs Community Development District	✓		✓	9/30	
Bay Creek Community Development District	✓		✓	9/30	
Bay Laurel Community Development District	✓	✓	✓	9/30	
Bay Tree Community Development District	✓		✓	9/30	
Bayside Improvement Development District	✓		✓	9/30	
Baywinds Community Development District	✓			9/30	
Beach Community Development District	✓			9/30	
Beacon Tradeport Community Development District	✓			9/30	
Beeline Community Development District	✓		✓	9/30	
Bella Verda East Community Development District	✓			9/30	
Bella Verda Lake Community Development District	✓			9/30	
Bella Vida Community Development District	✓		✓	9/30	
Bellagio Community Development District	✓		✓	9/30	
Belmont Community Development District	✓			9/30	
Belmont Lakes Community Development District	✓		✓	9/30	
Bexley Community Development District	✓		✓	9/30	
Blackburn Creek Community Development District	✓			9/30	
Bluewaters Community Development District	✓		✓	9/30	
Bobcat Trail Community Developement District	✓		✓	9/30	
7

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

8

COMMUNl1Y DMLOPMENT DISmlCIS	ju....
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Copper Oaks Community Development District	✓		✓	9/30	
Copperstone Community Development District	✓		✓	9/30	
Coral Bay Community Development District	✓		✓	9/30	
Coral Keys Homes Community Development District	✓			9/30	
Coral Town Park Community Development District	✓			9/30	
Cordoba Ranch Community Development District	✓		✓	9/30	
Corkscrew Farms Community Development District	✓		✓	9/30	
Coronado Community Development District	✓		✓	9/30	
Cory Lakes Community Development District	✓		✓	9/30	
Country Club of Mount Dora Community Development District	✓			9/30	
Country Greens Community Development District	✓		✓	9/30	
Country Walk Community Development District	✓		✓	9/30	
Covington Park Community Development District	✓		✓	9/30	
Creekside Community Development District	✓		✓	9/30	
Crestview II Community Development District	✓		✓	9/30	
Crestview West Community Development District	✓		✓	9/30	
Cross Country Home Services Community Development District	✓			9/30	
Cross Creek Community Development District	✓			9/30	
Cutler Cay Community Development District	✓			9/30	
Cypress Cove Community Development District	✓		✓	9/30	
Cypress Grove Community Development District	✓		✓	9/30	
Cypress Lakes Community Development District	✓		✓	9/30	
Cypress Shadows Community Development District	✓		✓	9/30	
Deer Island Community Development District	✓			9/30	
Deer Run Community Development District	✓			9/30	
Diamond Hill Community Development District	✓			9/30	
Double Branch Community Development District	✓		✓	9/30	
Dove Pond Community Development District	✓			9/30	
Downtown Doral Community Development District	✓		✓	9/30	
Dunes Community Development District	✓	✓	✓	9/30	
Dupree Lakes Community Development District	✓		✓	9/30	
Eagle Point Community Development District	✓			9/30	
East Bonita Bridge Road Community Development District	✓		✓	9/30	
East Park Community Development District	✓		✓	9/30	
Easton Park Community Development District	✓			9/30	
Enclave at Black Point Marina Community Development District	✓		✓	9/30	
Encore Community Development District	✓		✓	9/30	
Enterprise Community Development District	✓	✓	✓	9/30	
Epperson Ranch Community Development District	✓		✓	9/30	
Estancia at Wiregrass Community Development District	✓			9/30	
Estates at Cherry Lake Community Development District	✓		✓	9/30	
Estuary Community Development District	✓			9/30	

9

COMMUNllY DEVELOPMENT DISllUCTS	:§
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Falcon Trace Community Development District	✓		✓	9/30	
Fallschase Community Development District	✓		✓	9/30	
Fiddler's Creek Community Development District	✓			9/30	
Fishhawk I Community Development District	✓		✓	9/30	
Fishhawk II Community Development District	✓		✓	9/30	
Fishhawk Ill Community Development District	✓			9/30	
Fishhawk IV Community Development District	✓		✓	9/30	
Fleming Island Plantation Community Development District	✓		✓	9/30	
Florida Green Finance Authority	✓		✓	9/30	
Founder's Ridge Community Development District	✓			9/30	
Fountainbleau Lakes Community Development District	✓		✓	9/30	
Forest Creek Community Development District	✓			9/30	
Gardens at Millenia Community Development District	✓			9/30	
Glen St. Johns Community Development District	✓			9/30	
G ramercy Farms Community Development District	✓			9/30	
Grand Bay at Doral Community Development District	✓		✓		
Grand Hampton Community Development District	✓		✓		
Grand Haven Community Development District	✓		✓	9/30	
G reater Lakes/Sawgrass Community Development District	✓		✓	9/30	
Green Corridor PACE District	✓		✓	9/30	
G reyhawk Landing Community Development District	✓			9/30	
G roves Community Development District	✓		✓	9/30	
Habitat Community Development District	✓			9/30	
Hacienda Lakes Community Development District	✓		✓	9/30	
Hamal Community Development District	✓		✓		
Hammocks Community Development District	✓		✓	9/30	
Harbor Bay Community Development District	✓			9/30	
Harbour Isles Community Development District	✓				
Harbourage at Braden River Community Development District	✓		✓		
Harmony Community Development District	✓			9/30	
Harrison Ranch Community Development District	✓			9/30	
H awk's Point Community Development District	✓			9/30	
Hemmingway Point Community Development District	✓		✓	9/30	
Heritage Bay Community Development District	✓		✓	9/30	
Heritage Greens Community Development District	✓		✓	9/30	
Heritage Harbor Community Development District	✓			9/30	
Heritage Harbor at Braden River Community Development District	✓			9/30	
Heritage Harbour Market Place Community Development District	✓			9/30	
Heritage Harbour South Community Development District	✓			9/30	
Heritage Isles at Viera Community Development District	✓			9/30	
Heritage Isles Community Development District	✓			9/30	
Heritage Landing Community Development District	✓		✓	9/30	

10 

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Heritage Oak Park Community Development District	✓		✓	9/30	
Heritage Park Community Development District	✓		✓	9/30	
Heritage Plantation Community Development District	✓		✓	9/30	
Heritage Springs Community Development District	✓		✓	9/30	
Heron Isles Community Development District	✓			9/30	
Hickory Hammock Community Development District	✓			9/30	
High Ridge/Quantum Community Development District	✓			9/30	
Highlands Community Development District	✓		✓	9/30	
Hollywood Beach Community Development District	✓		✓	9/30	
Homestead 50 Community Development District	✓		9/30	
Hypoluxo-Haverhill Community Development District	✓		9/30	
Independence Park Community Development District	✓		9/30	
Indigo Community Development District	✓		9/30	
Indigo East Community Development District	✓		9/30	
In terlaken Community Development District	✓		9/30	
Islands at Doral Ill Community Development District	✓		9/30	
Islands at Doral (NE) Community Development District	✓		9/30	
Islands at Doral (SW) Community Development District	✓		9/30	
Islands at Doral Town homes Community Development District	✓		9/30	
Isles of Bartram Park Community Development District	✓		9/30	
Journey's End Community Development District	✓		9/30	
Jurlington Creek Plantation Community Development District	✓		9/30	
K-Bar Ranch Community Development District	✓		9/30	
Kendall Breeze Community Development District	✓		9/30	
Kendall Breeze West Community Development District	✓		9/30	
Key Marco Community Development District	✓		9/30	
Keys Cove Community Development District	✓		9/30	
Keys Cove II Community Development District	✓		9/30	
La Collina Community Development District	✓		9/30	
Laguna Estates Community Development District	✓		9/30	
Laguna Lakes Community Development District	✓		9/30	
Lake Ashton Community Development District	✓		9/30	
Lake Ashton II Community Development District	✓		9/30	
Lake Francis Community Development District	✓		9/30	
Lake Padgett Estates Independent District	✓		9/30	
Lake Powell Residential Golf Community Development District	✓		9/30	
Lakes by the Bay South Community Development District	✓		9/30	
Lakeshore Ranch Community Development District	✓		9/30	
Lakeside Community Development District	✓		9/30	
Lakeside Landings Community Development District	✓		9/30	
Lakeside Plantation Community Development District	✓		9/30	
Lakewood Ranch 1 Community Development District	✓		9/30	

11 

COMMUNIIY DMLOPMENT DISTRICTS	�C
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Lakewood Ranch 2 Community Development District	✓			9/30	
Lakewood Ranch 3 Community Development District	✓			9/30	
Lakewood Ranch 4 Community Development District	✓			9/30	
Lakewood Ranch 5 Community Development District	✓			9/30	
Lakewood Ranch 6 Community Development District	✓			9/30	
Legacy Springs Community Development District	✓			9/30	
Legends Bay Community Development District	✓			9/30	
Lexington Community Development District	✓		✓	9/30	
Live Oak No. 1 Community Development District	✓		✓	9/30	
Long Lake Ranch Community Development District	✓		✓	9/30	
Longleaf Community Development District	✓			9/30	
Lucaya Community Development District	✓		✓	9/30	
Madeira Community Development District	✓			9/30	
Magnolia Park Community Development District	✓			9/30	
Magnolia West Community Development District	✓			9/30	
Main Street Community Development District	✓			9/30	
Mainstreet Community Development District	✓			9/30	
Majorca Isles Community Development District	✓		✓	9/30	
Maple Ridge Community Development District	✓		✓	9/30	
Marsh Harbour Community Development District	✓			9/30	
Marshall Creek Community Development District	✓			9/30	
Mayfair Community Development District	✓			9/30	
Meadow Pines Community Development District	✓		✓	9/30	
Meadow Point I Community Development District	✓		✓	9/30	
Meadow Point Ill Community Development District	✓			9/30	
Meadow Point IV Community Development District	✓			9/30	
Meadow Woods Community Development District	✓			9/30	
Mediterra North Community Development District	✓		✓	9/30	
Mediterra South Community Development District	✓		✓	9/30	
Mediterranea Community Development District	✓		✓	9/30	
Middle Village Community Development District	✓		✓	9/30	
Mira Lago West Community Development District	✓			9/30	
Miramar Lakes Community Development District	✓			9/30	
Montecito Community Development District	✓		✓	9/30	
Monterey/Congress Community Development District	✓		✓	9/30	
Myakka Community Development District	✓		✓	9/30	
Moody River Estates Community Development District	✓			9/30	
Myakka Ranch Community Development District	✓		✓	9/30	
Myrtle Creek Community Development District	✓			9/30	
Naples Heritage Community Development District	✓		✓	9/30	
Narcoossee Community Development District	✓			9/30	
Newport Tampa Bay Community Development District	✓			9/30	

12 

COMMUNITY DMLOPMENT DISTIUCIS	iii...
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North Dade Community Development District	✓		✓	9/30	
Northern Riverwalk Community Development District	✓		✓	9/30	
Northwood Community Development District	✓			9/30	
Oak Creek Community Development District	✓		✓	9/30	
Oakridge Community Development District	✓		✓	9/30	
Oaks at Shady Creek, The Community Development District	✓		✓	9/30	
Oakstead Community Development District	✓		✓	9/30	
Old Palm Community Development District	✓		✓	9/30	
Orchid G rove Community Development District	✓		✓	9/30	
Osprey Oaks Community Development District	✓		✓	9/30	
OTC Community Development District	✓		✓	9/30	
Palm Bay Community Development District	✓		✓	9/30	
Palm Beach Plantation Community Development District	✓			9/30	
Palm Coast Park Community Development District	✓		✓	9/30	
Palm Glades Community Development District	✓			9/30	
Palma Sola Trace Community Development District	✓		✓	9/30	
Palms of Terra Ceia Bay Community Development District	✓		✓	9/30	
Pan American West Community Development District	✓			9/30	
Panther Trace I Community Development District	✓		✓	9/30	
Panther Trace II Community Development District	✓			9/30	
Panther Trails Community Development District	✓		✓	9/30	
Parker Road Community Development District	✓			9/30	
Parklands Lee Community Development District	✓		✓	9/30	
Parklands West Community Development District	✓		✓	9/30	
Parkway Center Community Development District	✓			9/30	
Paseo Community Development District	✓			9/30	
PBR Community Development District	✓			9/30	
Pebblewalk Village Community Development District	✓			9/30	
Pelican Marsh Community Development District	✓			9/30	
Pembroke Harbor Community Development District	✓		✓	9/30	
Pentathlon Community Development District	✓		✓	9/30	
Pine Air Lakes Community Development District	✓		✓	9/30	
Pine Island Community Development District	✓			9/30	
Pine Island South Community Development District	✓			9/30	
Piney-Z Community Development District	✓			9/30	
Pioneer Community Development District	✓			9/30	
Poinciana Community Development District	✓			9/30	
Poinciana West Community Development District	✓		✓	9/30	
Portico Community Development District	✓		✓	9/30	
Portofino Cove Community Development District	✓		✓	9/30	
Portofino Isles Community Development District	✓		✓	9/30	
Portofino Landings Community Development District	✓	    ✓	9/30	

13 

COMMUNIIY DMLOPMENT DISTRICTS	�C
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Portofino Shores Community Development District	✓		✓	9/30	
Portofino Springs Community Development District	✓			9/30	
Portofino Vineyards Community Development District	✓			9/30	
Portofino Vista Community Development District	✓		✓	9/30	
Preserve at Wilderness Lake Community Development District	✓			9/30	
Principal One Community Development District	✓		✓	9/30	
Quantum Community Development District	✓			9/30	
Quantum Park Overlay Community Development District	✓		✓	9/30	
Randal Park Community Development District	✓		✓	9/30	
Remington Community Development District	✓			9/30	
Renaissance Community Development District	✓		✓	9/30	
Reserve Community Development District	✓			9/30	
Reserve 2 Community Development District	✓		✓	9/30	
Reunion East Community Development District	✓			9/30	
Reunion West Community Development District	✓			9/30	
River Bend Community Development District	✓			9/30	
River Glen Community Development District	✓			9/30	
River Hall Community Development District	✓			9/30	
River Place on the St. Lucie Community Development District	✓			9/30	
River Ridge Community Development District	✓		✓	9/30	
Rivercrest Community Development District	✓			9/30	
Rivers Edge Community Development District	✓			9/30	
Sable Palm Community Development District	✓		✓	9/30	
Sail Harbour Community Development District	✓		✓	9/30	
Sampson Creek Community Development District	✓			9/30	
Sandy Creek Community Development District	✓		✓	9/30	
Sausalito Bay Community Development District	✓		✓	9/30	
Seven Oaks I Community Development District	✓			9/30	
Seven Oaks II Community Development District	✓			9/30	
Silver Palms Community Development District	✓		✓	9/30	
Silverado Community Development District	✓		✓	9/30	
Six Mile Creek Community Development District	✓		✓	9/30	
Somerset Community Development District	✓			9/30	
Sonoma Bay Community Development District	✓		✓	9/30	
South Bay Community Development District	✓			9/30	
South Fork Community Development District	✓			9/30	
South Fork East Community Development District	✓		✓	9/30	
South Fork Ill Community Development District	✓		✓	9/30	
South Kendall Community Development District	✓			9/30	
South Shore Corporate Park Industrial Community Development District	✓		✓	9/30	
South-Dade Venture Development District	✓		✓	9/30	
South Village Community Development District	✓			9/30	

14 

COMMUNIIY DMLOPM£ffT DIS11UCTS	]9
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Southaven Community Development District	✓			9/30	
Southern Hills Plantation I Community Development District	✓			9/30	
Southern Hills Plantation II Community Development District	✓			9/30	
Southern Hills Plantation Ill Community Development District	✓			9/30	
Spicewood Community Development District	✓		✓	9/30	
Split Pine Community Development District	✓			9/30	
Springridge Community Development District (formerly Killarney)	✓		✓	9/30	
St. John's Forest Community Development District	✓			9/30	
Sterling Hill Community Development District	✓			9/30	
Stevens Plantation Community Development District	✓		✓	9/30	
Stonebrier Community Development District	✓			9/30	
Stonegate Community Development District	✓		✓	9/30	
Stoneybrook at Venice Community Development District	✓		✓	9/30	
Stoneybrook Community Development District	✓		✓	9/30	
Stoneybrook Oaks Community Development District	✓			9/30	
Storey Park Community Development District	✓		✓	9/30	
Summerville Community Development District	✓		✓	9/30	
Summit at Fern Hill Community Development District	✓		✓	9/30	
Sunny Hills Units 12-15 Dependent District	✓			9/30	
SWI Community Development District	✓			9/30	
Talavera Community Development District	✓		✓	9/30	
Talis Park Community Development District	✓		✓	9/30	
Tampa Palms Community Development District	✓		✓	9/30	
Tampa Palms Open Space and Transport Community Development District	✓		✓	9/30	
Tapestry Community Development District	✓		✓	9/30	
Tara Community Development District	✓			9/30	
Terra Bella Community Development District	✓			9/30	
Tesoro Community Development District	✓		✓	9/30	
Thousand Oaks Community Development District	✓		✓	9/30	
Tison's Landing Community Development District	✓			9/30	
Tolomato Community Development District	✓		✓	9/30	
Tomoka Community Development District	✓		✓	9/30	
Toscana Isles Community Development District	✓			9/30	
Town Center at Palm Coast Commun ity Development District	✓		✓	9/30	
Tradition Community Development District	✓			9/30	
Trails Community Development District	✓			9/30	
Trails at Monterey Community Development District	✓		✓	9/30	
Treaty Oaks Community Development District	✓			9/30	
Tree Island Estates Community Development District	✓		✓	9/30	
Treeline P reserve Community Development District	✓			9/30	
Trevesta Community Development District	✓		✓	9/30	
Triple Creek Community Development District	✓		✓	9/30	

15 

COMMUNIIY DMLOPMENT DISTRICTS	�C
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TSR Community Development District	✓		✓	9/30	
Turnbull Creek Community Development District	✓		✓	9/30	
Turtle Run Community Development District	✓			9/30	
Tuscany Reserve Community Development District	✓			9/30	
Twelve Oaks Community Development District	✓			9/30	
Two C reeks Community Development District	✓		✓	9/30	
University Place Community Development District	✓		✓	9/30	
University Square Community Development District	✓			9/30	
Urban Orlando Community Development District	✓		✓	9/30	
Valencia Acres Comm unity Development District	✓			9/30	
Vasari Community Development District	✓		✓	9/30	
Venetian Community Development District	✓			9/30	
Venetian Isles Community Development District	✓		✓	9/30	
Venetian Pare Community Development District	✓		✓	9/30	
Verandah Community Development District	✓		✓	9/30	
Verandah East Community Development District	✓		✓	9/30	
Verandah West Community Development District	✓		✓	9/30	
Verandahs Community Development District	✓		✓	9/30	
Verano #1 Community Development District	✓		✓	9/30	
Verano Center Community Development District	✓		✓	9/30	
Verona Walk Community Development District	✓			9/30	
Viera East Community Development District	✓		✓	9/30	
Villa Portofino East Community Development District	✓		✓	9/30	
Villa Portofino West Community Development District	✓		✓	9/30	
Villa Vizcaya Community Development District	✓		✓	9/30	
Village Walk of Bonita Springs Community Development District	✓			9/30	
Villages at Bloomingdale Community Development District	✓			9/30	
Village at Gulfstream Park Com munity Development District	✓		✓	9/30	
Villages of Glen Creek Community Development District	✓		✓	9/30	
Villages of Westport Community Development District	✓			9/30	
Vista Community Development District	✓		✓	9/30	
Vista Lakes Community Development District	✓		✓	9/30	
Vizcaya in Kendall Community Development District	✓		✓	9/30	
Walnut Creek Community Development District	✓		✓	9/30	
Waterchase Community Development District	✓		✓	9/30	
Waterford Estates Community Development District	✓		✓	9/30	
Waterford Landing Community Development District	✓		✓	9/30	
Watergrass Community Development District	✓		✓	9/30	
Waterlefe Community Development District	✓			9/30	
Water's Edge Community Development District	✓		✓	9/30	
Waterset North Community Development District	✓			9/30	
Waterstone Community Development District	✓		✓	9/30	

16 

COMMUNIIY DEVELOPMENT DISlRICTS	�C
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Wentworth Estates Community Development District	✓			9/30	
West Lake Community Development District	✓		✓	9/30	
West Villages I ndependent District	✓		✓	9/30	
Westchase Community Development District	✓		✓	9/30	
Westchester Community Development District	✓			9/30	
Westridge Community Development District	✓			9/30	
Willow Creek Community Development District	✓			9/30	
Winding Cypress Community Development District	✓		✓	9/30	
Windsor at Westside Community Development District	✓		✓	9/30	
Winston Trails East Community Development District	✓			9/30	
Winter Garden Village at Fowler Groves Community Development District	✓			9/30	
Woodlands Community Development District	✓			9/30	
World Commerce Community Development District	✓			9/30	
Wyndam Park Community Development District	✓		✓	9/30	
Wynnfield Lakes Community Development District	✓			9/30	
Wynnmere West Community Development District	✓		✓	9/30	
TOTAL	432	3	250		

OTIIBR OOVERNMBNTAL BNTITlBS	-Ill�
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Broward Cou nty School District (Joint Venture) (Assessment of Maintenance Operations)		✓				N/A	
Broward County School District (Joint Venture, 20%)			✓	✓	✓	6/30	
Florida Community College at Jacksonville (Internal Audit)	✓					6/30	
Florida Transit Association Finance Corporation		✓	✓			6/30	
Highland County School District (Internal Funds Audit)			✓				6/30	
Palm Beach County School District (Assessment of maintenance for Facility and Property Management) (Internal Funds Audit)		✓	✓				6/30	
Palm Beach County School District (Joint Venture, 20%)			✓	✓	✓		6/3(	
Migrant Health Services of Palm Beach County			✓	✓			N/A	
South Florida Water Management District				✓			9/30	
South Florida Water Management District CERP Program Management Services (Joint Venture)	✓						N/A	
State of Florida Department of Management Services (Construction)			✓				N/A	
State of Florida Department of Transportation (Overhead Audits - Various)			✓			✓	N/A	
TOTAL	2	3	8	4	2	2		

17 

NON-PROFIT CLIBNTS
SBR.VBD

RELATED EXPBRIBNCB	"'GJ
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Aid to Victims of Domestic Abuse, Inc.		✓		✓	✓	✓	✓	6/30	
Alliance for Human Services, Inc.		✓				✓		6/30	
Brevard Workforce Development Board, Inc.				✓	✓		✓	6/30	
Broward County Human Riqhts Board/Division (Joint Venture, 30%)	✓		✓					N/A	
Broward Education Foundation		✓		✓	✓	✓		6/30	
CareerSou rce Broward		✓		✓			✓	9/30	
CareerSource Central Florida		✓		✓	✓	✓	✓		
CareerSou rce Polk		✓		✓	✓	✓	✓		
Christian Manor	✓	✓	✓	✓	✓	✓		1 2/31	
Delray Beach Community Land Trust				✓		✓		9/30	
Family Promise	✓							1 2/31	
Florida Public Transportation Association, Inc.	✓	✓				✓		9/30	
Florida Transit Association Finance Corporation		✓				✓		9/30	
Hispanic Human Resources Council	✓	✓	✓	✓	✓	✓	✓	9/30	
Mae Volen Senior Center	✓	✓		✓	✓	✓	✓	6/30	
National Board for Registration of Registrars		✓				✓		3/3 1	
National Cancer Registration Board		✓				✓		6/30	
North Lauderdale Academy High School	✓			✓				6/30	
Northwood Development Corporation	✓	✓	✓	✓	✓	✓		9/30	
Palm Beach Community Colleqe Foundation			✓	✓		✓		6/30	
Palm Beach County Workforce Development Board (Joint Venture, 25%)	✓							6/30	
Pasco-Hernando Workforce Board		✓						6/30	
Southwest Florida Workforce Development Board				✓	✓		✓	6/30	
U rban League of Palm Beach County				✓	✓			6/30	
TOTAL	9	15 	5	15 	11 	15 	8		

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Campbell Property Management 401 (k)	✓	✓	✓	1 2/31	
City of Cooper City General Employee Retirement Plan	✓		✓	9/30	
City of Lauderhill General Employee Retirement Plan	✓		✓	9/30	
City of Parkland Police Pension Fund	✓		✓	9/30	
City of Sunrise General Employees' Retirement System	✓		✓	9/30	
Cross County Home Services and Affiliates 40 1 (k) Plan	✓	✓	✓	9/30	
Dan mar Corporation 40 1 (k) Plan	✓	✓		1 2/31	
Florida Public Utilities 401 (k) and Pension Plans	✓	✓		1 2/31	
Jacksonville Police and Fire Pension Fund	✓			9/30	
Pinetree Water Control District Defined Contribution Retirement Plan	✓			9/30	
San Carlos Park Fire P rotection and Rescue Service District	✓		✓	9/30	
Town of Davie General Employees Retirement Plan	✓			9/30	
Town of Hypoluxo Defined Contribution Retirement Plan	✓		✓	9/30	
Town of Lauderdale By The Sea Volunteer Firefighters Pension Plan	✓		✓	9/30	
TOTAL	14 	4	9		

18 

SPECIAL DISTRICTS
Belle Fontaine Improvement District Boca Raton Airport Authority
Central Broward Water Control District
Central County Water Control District Citrus County Mosquito Control District Coquina Water Control District
East Central Regional Wastewater Treatment Facility East Naples Fire Control and Rescue District
G reater Boca Raton Beach and Park District G reeneway Improvement District
Hobe-St. Lucie Conservancy District	ni...
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9/30
9/30
9/30
9/30
9/30
9/30
9/30
9/30
9/30
9/30	
Homestead Educational Facilities Benefits District	✓				9/30	
Horizons Improvement District	✓				9/30	
Indian Trail Improvement District	✓			✓	9/30	
Key Largo Waste Water Treatment District	✓	✓	✓	✓	9/30	
Lake Padgett Estates Independent Special District	✓				9/30	
Lakewood Ranch Inter-District Authority	✓				9/30	
Lost Rabbit Public Improvement District	✓				9/30	
Loxahatchee Groves Water Control District	✓			✓	9/30	
Myakka City Fire Control District	✓				9/30	
Old Plantation Control District	✓			✓	9/30	
Pal Mar Water Control District	✓			✓	9/30	
Palm Beach Soil and Water Conservation District	✓				9/30	
Pinellas Park Water Management District	✓			✓	9/30	
Pine Tree Water Control District (Broward)	✓			✓	9/30	
Pinetree Water Control District (Wellington)	✓			✓	9/30	
Ranger Drainage District	✓			✓	9/30	
Renaissance Improvement District	✓			✓	9/30	
San Carlos Park Fire Protection and Rescue Service District	✓			✓	9/30	
South Central Regional Wastewater Treatment and Disposal Board	✓	✓		✓	9/30	
South Indian River Water Control District	✓	✓		✓	9/30	
South Trail Fire P rotection & Rescue District	✓			✓	9/30	
St. Lucie West Services District	✓			9/30	
Sun 'N Lake of Sebring Improvement District	✓		✓	9/30	
Sunshine Water Control District	✓			9/30	
Twelve Oaks Improvement District	✓			9/30	
West Lakeland Water Control District	✓			9/30	
West Villages Independent District	✓			9/30	
TOTAL	38	3	3	25	

19 

THIS PAGE INTENTIONALLY LEFT BLAN K

20

Staff Qua l ifications, Experience & Resumes

21

QUALITY AND EXPERIENCE OF FIRM'S ASSIGNED AUDITING PERSONNEL
Ymoaunawgiell rhwavilel btwe oavpaairlatnbelersfoarvathilaebelengaangdeomuernct oannsdu latanstenfoior rawnyill tbeechansicsaigl naesdsistotatnhcee.eInngagddeimtioenn,t athnaat uwdiiltl apreisrfeo.rm the majority offieldwork. Additional staff are available to assist with the engagement should the need

Name		Years	CPE  within last 2/ 3		Professional performing		years	Memberships government
audits

ANTONIO J. GRAU, CPA

- -Over 30	Government Accounting,

-,-AICPA

I

ANTONIO  S. GRAU, CPA	Over 40	Government Accounting and	AICPA (Concurring Review Consultant)		Auditing: 32 hours	FICPA
ICPA

(Partner)	Auditing: 95 hours		FICPA FGFOA

I

Accounting, Auditing and Other: 62 hours
RACQUEL MCINTOSH, CPA	Over 10	Government Accounting and

-1

r	,-- -

Accounting, Auditing and	GFOA Other: 62 hours

I

AICPA

( Partner)	Auditing hours:88	FICPA
FGFOA
Accounting, Auditing and	FASO
Other:  43 hours

DAVID CAPLIVSKI, CPA

Over 5	Government Accounting and

AICPA

(Manager)	Auditing hours:44	FICPA
Accounting, Auditing and Other: 57 hours

22

POSITION DESCRIPTIONS

The engagement will be performed under the direct superv1s1on of an  Engagement Partner.	The

Engage ment Partner

Information of the engagement and communication with client personnel.

rEensgpaognesmibeilintyt Pfaorrtneenrgwaigllepmaretnictippatoeliceyx,tednirseivcetiloynd, usriunpgetrhveisvioanri,ouqsuasltiatygecsoonfttrhoel,  esnegcaugrietym, ecnotnafniddehnatisalidtyireocft  The Engagement Partner will also be involved in:
dcioroercdtiinngattinheg daell vseelrovpicmeesn; t of the overall audit
appeprfrooramcihnganadn povlaenr;riding review of work papers;
revoielwviinngg t, eacphpnriocvailnagcacnodunstiignnginagndrerpeoprotsrt,ing issues;
pmraondaugcetsm; aenntd,letters, and other audit engagement

assigned.

easncgeargteaimnienngt,cslieuncthsaastisearcvticioens wainthd athlleasppeerscotsnnoeflour

problems are encountered. He will also perform a second review of all repo rts to be issued by Grau &

ACoCnocncuurrrriinnggReRveievwieCwonasunltdanAt  wdvill ibseorayvaCilaobnlesausltaansotunding  board  to  advise  in  those  areas  where Associates.

The assigned personnel will work closely with the partner and the District to ensure that the financial

Audit Ma nager and Senior
sRteatsepmonesnitbsiliatiends walilllointhcelurdree:ports  are prepared  in  accordance with  professional  standards and firm  policy.
prlaenpnairninggthoer mauodditif;ying audit programs, as needed;

•❖·•

ecovamlumautinnigcaintitnegrnwaitlhcothnetrocllieanntd aansdsethsesinpgartrnisekr;s the progress of the audit; and                                                                                                                                                                       tdheattetrhmeiyninagrethparetpfianraendciinal asctactoermdaennctse wanitdhaplrl orfeepsosrtiosniassl suteadndbayrtdhseafnirdmffiromr apcocliucrya.cy, completeness and

Information Technology Consultants and Personn el

management. In addition, Grau contracts with an outside group of IT management consultants to assist with

financial  audit  and  IT  background   they  are  able  to  communicate  effectively  all  IT  rel  ted  concerns

eInxpaedrdieitniocne ttohatthwe illasassisginset din ptehresoenvnaelul aatiboonvea,ndGrtaeustiangndofAisnsteocrniaatlecsohnatrsolss.taBffecwaituhsesiogunrifisctaanftf hITasabudoitthinga matters including, but not limited to: network and database security, internet security and vulnerability testing.

and time lines for our clients.

CONTINUITY OF STAFF AND AUDIT TEAM

Gbrroauug'shtenagbaoguetmbeyntthtiesamen'sgawgoermkloeandt  iws ioll rgnaont izimedpainctsuocuhr acwurareyntthactoamdmdiittimoneanltasctovitoieusr ocluiernptsre. sWenet hoapveerastuiofnfics,iewnthisletafcfocnatpinaucinitgy to imntaeigntratine tthhesheigphreosfet ssstiaonndaal rsdesrvoicfeqsuainlity

23

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

Grau & Associates

,., PI\HTNER/CONSULTI\Nr

30%

20%

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

vs.
Typical Local CPA Firm:	Typical National CPA Firm

IIIIIPARll',ERS

�PARTNERS t'I MAN.-.C',ERS
SElilO� STAFF

10%

MANAGERS
� SENIOR
S!Aff

45'/,

20%

20%

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

55%

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

24

Antonio J. G ra u, CPA, Ma naging Pa rtner 
e-mail: tgrau@graucpa.com / 561 -939-6672

Education
Bachelor of Arts, Business Administration, 1 983 University of South Florida; Accredited in Business Valuation by the AICPA, 1 998; Personal Financial Specialist, 1 997; Accredited in Advanced Single Audit by the AICPA, 2016

Professional History

Grau & Associates	Partner	2006-Present	
Grau & Company	Partner	1995-2005	
Grau & Company	Audit Manager	1987- 1995	
International Firm	Auditor	1985- 7986	
Grau & Company	StaffAccountant	1983-1984	

CPA, in Florida since February 28, 1985, Certificate No. 15330

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

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

Hours

Professional Educa tion (o ver the last three years)
Course
Government Accounting and Auditing	95
Accounting, Auditing and Other	62
Total Hours	1 57 (includes of 4 hours of Ethics CPE)
Other Qualifica tions
As a member of the Government Finance Officers Association Special Review Committee, Mr. Grau participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Mr. Grau was the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County.

Professional Associa tions/Memberships

American Institute of Certified Public Accountants Florida Institute of Certified Public Accountants
City of Boca Raton Financial Advisory Board Member

Florida Government Finance Officers Association Government Finance Officers Association Member

25

Antonio S. G ra u, CPA, Concu rring Review Consu lta nt
e-mail: asgrau@graucpa.com

Education
Bachelor Degree, Business Administration, 1 966, University of M iami, Certificate of Educational Achievement from the AICPA in Governmental and Not-For-Profit Accounting and Auditing, 1 994/1 995

Professional History
CPA in Florida since April 29, 1 970, Certificate No. 2623
Grau & Company	Partner	1 977-2004	
Public Company	Financial Officer	1 972-1 976	
International Firm	Auditor	1 966-1 972	
Clients Served (partial list)
Mr. Grau was the head of the governmental audit department of Grau & Company, and performs the concurring review and advises on all the governmental audits of the firm.
Atlanta Housing Authority	Hispanic Human Resource Council
Broward County Housing Authority	Mae Valen Senior Center, Inc.
City of Dania Beach	Miami Beach Housing Authority
City of Lauderdale Lakes	North Lauderdale Academy High School
City of Lauderhill	Palm Beach County Workforce Development Board
City of Lauderhill General Pension	School Board of Miami-Dade County
City of Miami Springs	South Florida Water Management District
City of Oakland Park	Town of Hypoluxo
City of Sweetwater Pension	Town of Lauderdale-By-The-Sea Florida Community College at Jacksonville	Town of Miami Lakes
Highland County School District	Town of Southwest Ranches Downtown Development Authority of the City of	Village of Biscayne Park
Miami / Community Development Block Grants	West Palm Beach Housing Authority

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

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

Professional Associa tions/Memberships
Member, American Institute of Certified Public Accountants	Institute of Certified Public Accountants (1 996-1 997) Member, Florida Institute of Certified Public Accountants	Institute of Certified Public Accountants (1 991 - 1 993) Past member, State and Local Government Committee, Florida
Past member, Quality Review Acceptance Committee, Florida
Past member of BKR International Committee on Government and Non-Profit Accounting and Auditing

26

Racq uel C. M cIntosh, CPA, Pa rtner 

e-mail: rmcintosh@graucpa.com / 561 -939-6669

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

Grau & Associates	Partner	201 4-Present	
Grau & Associates	Manager	2009-201 4	
Grau & Associates	Senior Auditor	2007-2009	
Grau & Associates	Staff Auditor	2006-2007	
Grau & Company	Staff Auditor	2005-2006	

Professional History

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

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

Professional Education (over the last th ree years)

Course
Government Accounting and Auditing

Hours 88

Accounting, Auditing and Other	  
Total Hours	131 (includes of 4 hours of Ethics CPE)

Professional Associations/ Membersh ips
American Institute of Certified Public Accountants	FICPA State & Local Government Committee Florida Institute of Certified Public Accountants	FICPA Atlantic Chapter Board Member FICPA Young CPAs Committee	FGFOA Palm Beach Chapter

27

David Ca pl ivski, CPA, Ma nager 

e-mail: dcaplivski@graucpa.com / 561 -939-6676

Educa tion
Master ofAccounting; Florida Atlantic University, December 2009
Bachelor ofScience - Major: Environmental Studies; Nova Southeastern University, May 2002
Professional History

Grau & Associates Grau & Associates Grau & Associates

Clients Served (partial list)
(>300) Various Special Districts Boca Raton Airport Authority

Manager Senior Auditor Staff Auditor

201 4-Present
201 3-201 4
201 0-201 3

Loxahatchee Groves Water Control District Old Plantation Water Control Distirct

Brevard Workforce Development Board Broward Education Foundation CareerSource Broward
Coquina Water Control District Central County Water Control District City of Miami (program specific audits) City of West Park
Coquina Water Control District
East Central Regional Wastewater Treatment Facl. East Naples Collier County Admin. Fire District East Naples Fire Control & Rescue District Greater Boca Raton Beach & Park District Hispanic Human Resource Council
Indian Trail Improvement District
Professional Education (o ver the last two years)
Course	Hours
Government Accounting and Auditing	44 Accounting, Auditing and Other		57

Pasco-Hernando Workforce Board Pinetree Water Control District
San Carlos Park Fire Protection & Rescue District South Indian River Water Control District Southwest Florida Workforce Development Board South Trail Fire Protection & Rescue
Town of Haverhill Town of Hypoluxo
Town of Hillsboro Beach Town of Lantana
Town of Lauderdale By - The - Sea Town of Pembroke Park
Village of Wellington Village of Golf

Total Hours	1 01 (includes of 4 hours of Ethics CPE)
Professional Associa tions/Memberships Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants

28

Grau & Associates
CERTI FIED PUBLIC ACCOUNTANTS

References

29

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

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 3341 0
561 -630-4922

Village at Gulfstream Park Community Development District
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 2009
Client Contact	Hank Fishkind, Director 1 2051 Corporate Blvd.
Orlando, Florida 33410
407-382-3256

Dunes Community Development District
Scope of Work	Financial audit Engagement Partner	Antonio J. Grau Dates	Annually since 1 998
Client Contact	Darrin Mossing, Finance Director
475 W. Town Place, Suite 114 St. Augustine, Florida 32092
 		904-940-5850

30

Grau & Associates
CERTI FIED PUBLJC ACCOUNTANTS

Cost	of Services

31

Our proposed all-inclusive fees fo r the financial audit fo r the fiscal years ended September 30, 201 8-2020 are as follows:

Year Ended September 30,
 		 	Fee		
20 18 	$6,600	
20 19 	$6, 800	
2020	$7,000	
TOTAL	$20.400	

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

32

Grau & Associates
CERTIFIED PUDLJC ACCOU NTANTS

Supplementa l	Information 

33

Specific Audit Approach 

SCOPE / WORK P RODU CTS / RESU LTS
G rau's Understa nding of Work Prod uct / Scope of Services:

We recognize the District is an important entity and we are confident our firm is eminently qualified to meet the challenges ofthis engagement and deliver quality audit services. You would be a valued client ofour firm and we pledge to commit all firm resources to provide the level and quality ofservices (as described below) which not only meet the requirements set forth in the RFP but will exceed those expectations. G rau  & 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 reg ulations. 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 - Prelimina ry 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 disru ption to your staff.
During this phase we will perform the following activities:
Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements.
Read minutes of meetings.
Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems.
Obtain an understanding of fraud detection and prevention systems.
Obtain and document an understanding of internal control. Consider the methods that are used to process accounting information which infl uence the design of the internal control. This understanding includes knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation.
Assess risk and determine what controls we are to rely upon and what tests we are going to
perform. Perform test of controls.
Develop audit programs to incorporate the consideration of financial statement assertions, specific audit o bjectives, and appropriate audit procedures to achieve the specified objectives.
Discuss and resolve any accounting, auditing and reporting matters which have been identified.

34

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 fu rther assist in the determination of the nature, timing, and extent of auditing procedures  used  to  obtain evidential  matter for specific account balances or  classes of transactions.
Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures.
Perform tests of compliance.
Phase III - Completion and Delivery

In this phase of the audit, we will complete the tasks related to year-end balances and financial reporti ng. All reports will be reviewed with management before issuance, and the partners will be available to meet and discuss our report and address any questions. Tasks to be performed in Phase Ill  include,  but are not limited to the following: 
Perform final analytical procedures.
Review information and make inquiries for subsequent events.
Meeting with Management to discuss preparation of draft financial statements and any potential findings or recommendations.
You should expect more from your accounting firm than a signature in your annual fi nancial 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 particu larly important given the increasing fi nancial pressu res 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:
Sign ificant audit adjustments;
Sign ificant deficiencies or material weaknesses;
Disagreements with management; and,
Difficulties encountered in performing the audit.
Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

35

The recommendation must be cost effective;
The recommendations are to be the simplest to effectuate in o rder to correct a problem;
The recommendation must go to the heart of the problem and not just correct symptomatic matter; and
The corrective action must take i nto accou nt why the d eficiency occurred.
To assure full agreement with facts and circumstances, we will fu lly discuss each item with Management prior to the final exit conference. This policy means there will be no "surprises" in the management letter and fosters a professional, cooperative atmosphere.

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

CONSULTING / MANAGEMENT ADVISORY SE RVICES
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	• Fixed asset records
Development of budgets	• Cost reimbursement
Organizational structures	• Indirect cost allocation
Financing alternatives	• G rant administration and compliance
IT Auditing

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 requi rements and performed the rebate calculations for more than 1 50 bond issues, including both fixed and variable rate bonds. Please find a partial list of clients served on the following pages.

36

GRAU HAS PROVIDED ARBITRAGE SERVICES FOR
GOVERMENTAL CLIENTS INCLUDING:

Aberdeen Community Development District	• Heritage Palms Community Development District
Amelia Walk Community Development District	• Heritage Pines Community Development District
Arlington Ridge Community Development Olslrlcl	• Heritage Springs Community Development District
Bartram Park Community Deve lopment District	• Huntington Community Development District
Bartram Springs Community Development District	•  Indigo East Community Development District
Bayside Improvement District	• Islands of Doral Ill Community Development District
Baywlnds Community Development Dlstrlcl	• JUllnglon Creek Plantation Comm. Dev. District
Beacon Lakes Community Development District	• Laguna Lakes Community Development District
Beacon Tradeport Community Development District	• Lake Ashton Community Development District
Bobcat Trail Community Development District	• Lake Ashton II Community Development District
Boynton VIiiage Community Development District	• Lake Powell ResldenUal Golf Community Dev. Dlstrlcl
Brandy Creek Community Development Dislrlot	• Lakes By The Bay South Community Dev. District
Brlger Community Development District	• Lakewood Ranch 1 Community Development District
Brighton Lakes Community Development District	• Landmark at Doral Community Development District
Brooks of Bonita Springs Commun ty Developmenl Dlslrlcl	• Jurllngton Creek Plantation Communlly Dev. District
Ca�dller Hills East Community Development Olslrict	• Lakewood Ranch 2 Community Development District
Capital Region Community Development District	•  Lakewood Ranch 3 Community Development District
Cedar Pointe Community Development District	•  Lakewood Ranah 4 Community Development District
Championsgate Community Development District	• Lakewood Ranch 5 Community Development District
Chevel West Community Development District	• Lakewood Ranch 6 Community Development District
City Place Community Development District	• Legacy Springs Improvement Dlslr1ct No. 1
Coconut Cay Community Development District	•  Live Oak Community Development Dlslrtot
Colonial Country Club Communlty Development District	• Main Street Community Development District
Cory Lakes Community Development District	• Marshall Creek Community Development District
Country Greens Community Development District	• Meadow Pointe II Community Development District
Creekside Community Development District	• Medllerra North Community Development District
Double Branch Community Development Dlstrlct	• Mediterra South Community Development District
Dunes Communlly Development District	• Medlterranea Community Development District
Durbin Crossing Communlly Development District	• Midtown Miami Community Development District
East Bonita Beacl1 Road Plantation Comm, Development Dlstrlcl	• Moody River Community Development District
East Homestead Community Development District	• Monterra Community Development District
East Park Community Development District	• Narcossee Community Development District
Enclave at Black Point Marina Community Developrr1ent District	• North Springs Improvement District
Falcon Trace Community Development District	•  Oakstead Community Development District
Fiddler's Creek Community Development District I	• Old Palm Community Development District
Fiddler's Creek Community Development District II	• Orchid Grove Communily Development District
Fleming Island Plantation Comm. Dev. District	• OTC Community Development District
Grand Haven Community Development District	• Overoaks Community Development District
Gritnn Lakes Community Development District	• Palm Glades Community Development District
Habitat Community Development District	• Parklands Lee Community Development District
Harnal Community Development District	• Parklands West Community Developmen\ District
Hammocks Community Development Dlslrlct	• Parkway Center Community Development District
Harbour Lakes Estates  comm. Development District	• Pine Air Lakes Community Development District
Harmony Community Development District	• Pine Island Community Development District
Heritage Bay Community Development District	• Pine Ridge Plantation Community Development District

37

A RBITRA GE SER VICES (Continued)

Portoftno Cove Community Development District
Portolino Isles Community Development District
Portofino Landings Community Developmenl District
Portolino Shores Community Development District
Portoflno Vista Community Development District
Reunion East Community Development District
Reunion West Community Development District
Ridgewood Trails Community Development Dlslrlct
River Place on the St. Lucie Community Dev. District
Rolling HIiis Community Development District
Sampson Creek Community Development District
South Dade Venture Community Development District
South VIiiage Community Development District
Spicewood Community Development District
Split Pine Community Development District
Stonegate Community Development Dlstrtct
Stoneybrook Community Development District
Stoneybrook West Community  Development District
The Crossings al Fleming Island Comm. Dev. District
Tlson's Landing Communlly Development District
Treellne Preserve Community Development District
Turnbull Creek Community Development District

Tuscany Reserve Community Development District
University Place Community Development District
Urban Orlando Community Development District
Vasarl Community Development District
Verandah East Community Development District
Verandah West Community Development District
Verano Center Community Development Dlslrlcl
VIiia Portoflno East Community Development District
VIiia Vizcaya Community Development District
VIiiages of Westport Comm. Development District
Vlllasol Community Development District
Vista Lakes Community Development District
Vizcaya Community Development District
Vizcaya In Kendall Community Development District
Walnut Creek Community Development District
Waterchase Community Development District
Waterford Estates Communlly Development District
Waterstone Community Development District
Wentworth Estates Community Development District
Westchester Community Development District #1
Woodlands Community Development District
Wynnfleld lakes Community Development District

Grau provides value and services above and beyo nd
the traditional auditor's "produ ct"

We look forward to providing Celebration Pointe Community Development District No. 1 with our resources and experience to accomplish not only those minimum requirements set forth in your Req uest for Proposal, but to exceed those expectations!

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

38

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Auditing Services Proposal

'.:elebration Pointe Community Development District No. 1 Auditor Selection - Manager's Recommended Rankings

Criteria

Ability of Perso nnel	Possible		Grau & Points	Associates
Qualified; at least 4 C PAs
20.0	on Staff	Grau Rec.	Carr Riggs Points		Ing ram
Qualified, Mu ltiple C PAs
20.0	on Staff	C RI Rec.
Poi nts

20.0	

Proposer's Experience	Extensive COD
20.0	Experience	
Extensive COD
20.0	Experience	
20.0	

Understand ing of S cope of Work	

20.0	Sufficient	

20.0	Sufficient	

20.0	

Ability to Furnish Required Services	

20.0	Capable	

20.0	Capable	

20.0	
		$6,600 +		$5 ,750 +		

P rice for Services for Three Years	
20.0	$6, 800 +
$7,000 =
$20,400	
1 6.8 	$5, 850 +
$6,000 =
$1 7,600	
20.0 	
Total	1 00.0		96.8		1 00.0	

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Oath of Office

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1
BOARD OF SUPERVISORS OATH OF OFFICE

I,	___, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor
ACKNOWLEDGMENT OF OATH BEING TAKEN STATE OF FLORIDA
COUNTY OF ALACHUA
The foregoing oath was administered before me this __ day of	 	, 20 1 7, by

-    ---------    -, who personally appeared before me, and is personally known to me or has produced 	as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Celebration Pointe Community Development District No. 1 and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida Print Name: ----
Commission No.: _	Expires:	_

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Min utes April 24 , 20 1 8
Board of Supervisors' Meeting

MINUTES OF MEETING
CELEBRA TION POINTE COMMUNITYDEVELOPMENTDISTRICT NO. 1
Board ofSupervisors Meeting Tuesday, April 24, 2018
2579 SW 8 7'11 Drive, Gainesville, FL 32608 Called to order at approximately 11:27 a. m.
Present and constituting a quorum:

Heather Dyrkolbotn Troy Ely
Dave Stockman
Also present were:
Jennifer Walden Mark Watts

FIRST ORDER OF BUSINESS

Assistant Secretary Assistant Secretary Board Member

Fishkind & Associates, Inc.
District Legal Counsel	(via phone)

Organizational Matters Call to Order and Roll Call

The Board of Supervisors' Meeting for the Celebration Pointe Community Development District No. 1 was called to order at approximately 1 1:27 a.m. and the names of those in attendance were announced. Board Members Heather Dyrkolbotn, Troy Ely, and Dave Stockman constituted a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Walden called for any public comments on any agenda items. She noted that there were no members ofthe public present.

THIRD ORDER OF BUSINESS		Swearing in Newly Elected Board Members
Ms. Walden noted that Mr. Stockman and Ms. Dyrkolbotn were administered the oath of office prior to the meeting.

FOURTH ORDER OF BUSINESS

The Board reviewed the minutes outlined in the agenda.

Consideration of the Minutes of the July 25, 2017 Board Meeting

On motion by Ms. Dyrkolbotn, seconded by Mr. Ely, with all in favor, the Board approved the minutes ofthe July 25, 20 17 Board Meeting.

FIFTH ORDER OF BUSINESS

The Board reviewed the minutes outlined in the agenda.

Consideration of the Minutes of the November 28, 2017 Landowners' Election Meeting

On motion by Mr. Ely, seconded by Ms. Dyrkolbotn, with all in favor, the Board approved the minutes of the November 28, 2017 Landowners' Election Meeting.

SIXTH ORDER OF BUSINESS		Consideration of Resolution 2018-01, Canvassing and Certifying the Results of the Landowners' Election
Ms. Walden explained that Resolution 20 1 8-0 1 outlines that Ms. Dyrkolbotn, Mr. Paul, and Mr. Stockman were all elected on November 28, 20 1 7. She noted that Ms. Dyrkolbotn and Mr. Paul received the most votes and will each serve a 4-year term. She also stated that Mr. Stockman received the least number of votes and will serve a 2-year term.

On motion by Mr. Ely, seconded by Mr. Stockman, with all in favor, the Board approved Resolution 20 1 8-01, Canvassing and Certifying the Results of the Landowners' Election.

SEVENTH ORDER OF BUSINESS		Consideration of Resolution 2018-02, Election of Officers
Ms. Walden explained that the current slate of officers is as follows; Mr. Paul as Chair, Ms. Da Silva as Vice-Chair, Ms. Dyrkolbotn as Assistant Secretary, and Ms. Ely as Assistant Secretary.

2

Ms. Walden stated that the Board can keep the slate of officers the same and that District staff recommends the addition of Mr. Stockman as Assistant Secretary as well as listing Ms. Walden as Secretary and Treasurer, Ms. Mullins as Assistant Secretary, and Ms. Lane as Assistant Treasurer.

On motion by Mr. Stockman, seconded by Mr. Ely, with all in favor, the Board approved Resolution 20 18-02, Election of Officers with Mr. Jonathan Paul as Chair, Ms. Madeline Da Silva as Vice-Chair, Ms. Heather Dyrkolbotn, Mr. Troy Ely, Ms. Mullins and Mr. Dave Stockman as Assistant Secretaries, Ms. Jennifer Walden as Secretary and Treasurer, and Ms. Amanda Lane as Assistant Treasurer.

EIGHTH ORDER OF BUSINESS		Appointment	of	Auditor Selection Committee
Ms. Walden explained that the Board can appoint all five members of the Board as the Auditor Selection Committee.

On motion by Ms. Dyrkolbotn, seconded by Mr. Stockman, with all in favor, the Board appointed all five Board Members as the Auditor Selection Committee.

NINTH ORDER OF BUSINESS		Consideration of Resolution 2018-03, Approving a Preliminary Budget for Fiscal Year 2019 and Setting a Public Hearing Date

The Board reviewed the proposed budget in the agenda. Ms. Walden stated that the Audit cost has gone up to $6,500.00 because there is another set ofbonds. She suggested adjusting that item to $6,500.00 and increasing the proposed budget to a total of $1 20,500.00 for Fiscal Year 20 19. She explained that this is the start of the budget process and the Board will adopt a final budget in July. She suggested July 24, 20 18 at 1 1 :00 a.m. at this location as the public hearing date for the final adoption of the budget. Ms. Dyrkolbotn acknowledged that she will not be in town on that date.

3

On motion by Mr. Ely, seconded by Ms. Dyrkolbotn, with all in favor, the Board approved Resolution 20 1 8-03, Approving the Preliminary Budget for Fiscal Year 20 19 for a total of $120,500.00 and set July 24, 20 18 at 1 1:00 a.m. 2579 SW 87th Drive, Gainesville, FL 32608 for the Public Hearing.

TENTH ORDER OF BUSINESS		Consideration of Financial Advisory Agreement
Ms. Walden. stated that this is an update to the financial agreement which incorporates the new rules and regulations that came from the SEC and MSRB. She noted that it references a $1 ,000.00 fee which is already included in the District Management fee.

ELEVENTH ORDER OF BUSINESS		Ratification of Fiscal Year 2017 Audit Renewal Proposal
Ms. Walden explained that this was previously approved by the former District Manager so the Auditor could begin work on the Fiscal Year 20 17 Audit at a not-to-exceed amount of $6,500.00

On motion by Mr. Ely, seconded by Mr. Stockman, with all in favor, the Board ratified the Fiscal Year 20 17 Audit Renewal Proposal.

TWELFTH ORDER OF BUSINESS

On motion by Ms. Dyrkolbotn, seconded by Mr. Ely, with all in favor, the Board approved Funding Request Nos. 37 - 43.

The Board reviewed Funding Request Nos. 37 - 43.

THIRTEENTH ORDER OF BUSINESS

4

Consideration of Funding Request Nos. 37 - 43

Ratification of Requisition Nos. 19 - 58

Ms. Walden noted these were previously approved and paid and just need to be ratified by the Board.

On motion by Mr. Stockman seconded by Ms. Dyrkolbotn, with all in favor, the Board ratified Requisition Nos. 19	58.

FOURTEENTH ORDER OF BUSINESS	Review	of	the	District's
Financial Position
Ms. Walden stated that the last page shows the budget to actual from March 1, 20 18 through the end ofMarch. Ms. Walden provided the Board with an updated financial statement that shows Octaber 1, 20 18 through March 31, 20 1 8. There is no action required by the Board.

FIFTEENTH ORDER OF BUSINESS	Staff Reports
Attorney - Mr. Watts had no formal report but mentioned that he and Mr. Dyrkolbotn had spoken about some of the infrastructure but he is waiting for some additional information from Mr. Dyrkolbotn. Mr. Ely asked ifthe District changed the budget for next year since the District has a loss. Ms. Walden responded that the Board chose to increase the budget slightly to accommodate the increase earlier in the meeting.
Engineer - Not Present
Manager - Ms. Walden noted that the next meeting is scheduled for July 24, 20 18 at 11 :00

which is when the public hearing will be held for the adoption ofthe budget.

SIXTEENTH ORDER OF BUSINESS		Supervisor and Audience Comments & Adjournment
There was no further business to discuss. Ms. Walden requested a motion to adjourn.

On motion by Ms. Dyrkolbotn, seconded by Mr. Stockman, with all in favor, the Board adjourned its April 24, 20 18 Board of Supervisors' Meeting.

Secretary/Assistant Secretary	Chairman/Vice-Chairman

5

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Minutes April 24 , 201 8
Auditor Selection Committee Meeting

MINUTES OF MEETING
CELEBRA TION POINTE COMMUNITYDEVELOPMENT DISTRICT NO. 1
Auditor Selection Committee Meeting Tuesday, April 24, 2018
2579 SW 8 '71,, Drive, Gainesville, FL 32608 Called to order at approximately 11:38 a. m.
Present and constituting a quorum:

Heather Dyrkolbotn Troy Ely
Dave Stockman
Also present were:
Jennifer Walden Mark Watts

FIRST ORDER OF BUSINESS

Committee Member Committee Member Committee Member

Fishkind & Associates, Inc.
District Legal Counsel	(via phone)

Organizational Matters Call to Order and Roll Call

The Auditor Selection Committee Meeting for the Celebration Pointe Community Development District No. 1 was called to order at approximately 11:38 a.m. and the names of those in attendance were announced. Committee Members Heather Dyrkolbotn, Troy Ely, and Dave Stockman constituted a quorum.

SECOND ORDER OF BUSINESS	Review	and Approval of Audit Documents
Audit RFP Notice
Instructions	to Proposers
Evaluation	Criteria- with and without price
Ms. Walden requested the Auditor Selection Committee review the evaluation criteria. She noted that the District needs the Auditor Selection Committee' s approval of the audit documents along with their choice ofthe evaluation criteria either with or without price.

On motion by Ms. Dyrkolbotn, seconded by Mr. Stockman, with all in favor, the Auditor Selection Committee Approved the RFP Notice, Instructions to Proposers and Evaluation Criteria to include price.

THIRD ORDER OF BUSINESS	Adjournment
There was no further business to discuss. Ms. Walden requested a motion to adjourn.

On motion by Mr. Ely, seconded by Ms. Dyrkolbotn, with all in favor, the Auditor Selection Committee adjourned its April 24, 20 18 Auditor Selection Committee Meeting.

Secretary/Assistant Secretary	Chairman/Vice-Chairman

2

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Letter from Supervisor of Elections
Alachua County

AVolatcehua 
KIM A. BMlOtl
Josiah TS.UWPERaVIlSlsORBOFuEiLldECiInIOgIIS

May 11, 20 18 
DJilisl tBriucrtnMs anager

515 North Main Street Suite 300 Gainesville, Florida 32601-3348

Telephone: (352) 374-5252
Fax: (352) 374-5264
kbarton@alachuacounty.us

Orlando, FL 328 17

C1 2e0le5b1raCtoiornpoProaitnetBe lCvdommunity Development District

glad to provide you with those numbers.

Dear Ms. Burns, tWheebroecuenidvaerdieysooufrtlheetteCrerleburaetsitoinngPionifnotermCaotmionmruengiatyrdDinegvtehloepnmuemnbteDr iosftrricetgNistoe.re1davnodtewres awreithin
ADesvoefloAppmrieln1t5D, 2is0tr1i8ctthNeore. Iw. ere no voters registered in the Celebration Pointe Community Ifyou have any questions or need additional information, please give me a call.
Res�j1fully,	�f
(	I4fiL, l-(/JMJV

Alachua County

ISGumpeJrv.i'sBoarrtoofnElections

Visit our Web Site www.VoteAlachua.com

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Fiscal Year 201 8-201 9 Meeting Schedule

Notice of Meeting
Celebration Pointe Community Development District No. 1
The Board of Supervisors of the Celebration Pointe Community Development District No. 1 will hold their meetings for the 20 18-2019 Fiscal Year at 2579 SW 87th Drive, Gainesville, FL 32608, at 11 :00 a.m. on the following dates:
October 23, 20 18 
January 22, 20 19 
April 23, 20 19 
July 23, 20 19 
There may be occasions when one or more Supervisors will participate by telephone. At the above location there will be present a speaker telephone so that any interested person can attend the meeting at the above location and be fully informed of the discussions taking place either in person or by telephone communication.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 382-3256 at least five calendar days prior to the meeting.
Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Jennifer Walden District Manager

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Resol ution 20 1 8-04 ,
Adopting the Fiscal Year 201 9 Budg et and Appropriating Funds

RESOLUTION 2018-04
THE ANNUAL APPROPRIATION RESOLUTION OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019.
WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 20 1 8, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the Celebration Pointe Community Development District No. 1 ("District"), pursuant to the provisions of Section l 90.008(2)(a), Florida Statutes; and
WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget (the "Proposed Budget"), the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section l 90.008(2)(b), Florida Statutes; and
WHEREAS, the Board set July 24, 20 1 8, as the date for a public hearing thereon and caused  notice of such public  hearing to be given by publication pursuant  to  Section     1 90.008(2)(a), Florida Statutes; and
WHEREAS, the District Manager posted the Proposed Budget on the District' s website at least two days before the public hearing or transmitted the Proposed Budget to the manager or administrator of Alachua County for posting on its website; and
WHEREAS, Section 1 90.008(2)(a), Florida Statutes, requires prior to October pt of each year, the District Board by passage of the Annual Appropriation Resolution adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and
WHEREAS, the District Manager has prepared a Proposed Budget, which budget projects the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1:
Section 1.	Budget
The Board of Supervisors reviewed the District Manager's Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's 

Records Office, and hereby approves the Proposed Budget, with any amendments made by the Board at the public hearing, as shown in Exhibit A and Section 2 below.
The District Manager' s Proposed Budget, attached hereto as Exhibit "A," as amended by the Board, is hereby adopted in accordance with the provisions of Section  1 90.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 20 18 and/or revised projections for Fiscal Year 20 1 9.
The adopted budget, as amended, shall be maintained in the office of the District Manager and at the District' s Records Office and identified as "The Budget for the Celebration Pointe Community Development District No. 1 for the Fiscal Year Ending September 30, 20 1 9," as adopted by the Board on July 24, 20 1 8.
The final adopted budget shall be posted by the District Manager on the District's official website within thirty (30) days after adoption or shall be transmitted to the manager or administrator of Alachua County for posting on its website.
Section 2.	Appropriations
There is hereby appropriated out of the revenues of the Celebration Pointe Community Development District No. 1, for the fiscal year beginning October 1, 20 1 8, and ending
September 30,  20 1 9,  the  sum of $	 		__ to be raised by the levy of
 	
assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND
DEBT SERVICE FUND (SERIES 20 14A) DEBT SERVICE FUND (SERIES 20 1 7) TOTAL ALL FUNDS
Section 3.	Supplemental Appropriations

$-	---	--

$_	_	 	_
$_ 		__
$ 		__

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:
Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

Board may authorize an appropriation from the unappropriated balance of any fund.
Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.
The District Manager and Treasurer shall have the power within a given fund to authorize the transfer ofany unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred; previously approved transfers included. Such transfer shall not have the effect of causing a more than
$10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the Board. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

Introduced, considered favorably, and adopted this 24th day of July, 2018.

ATTEST:

Secretary/Assistant Secretary

Exhibit A: Fiscal Year 2018-2019 Budget

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. 1

By:	Its :---------------

Exhibit "A"
Celebration Pointe Community Development District #1

Revenues: Developer Funding Total Revenues

Actual through 2.28.18 

Projected	Adugted FY	Ado12ted FY
20 1 7-2018	20 18-20 19 
9.30.18	Budget	Budget

 	$0 	$45,000 	$108,000 	$120,500

$45,000

$108,000

$120,500

Through

Adopted Annual Operations & Maintenance Budget FY 20 1 8-20 19 

Ex12enditures:		
Engineering Fees	$0	$2,000	$2,000	$2,000	
Trustee Fees	$2,828	$12,000	$12,000	$1 2,000	
District Management Fees	$10,000	$30,000	$30,000	$30,000	
District Counsel Fees	$5, 101 	$20,000	$25,000	$25,000	
Audit Fees	$46	$4,500	$4,500	$6,500	
Bond Dissemination Agent	$3 ,000	$3 ,000	$3,000	$3 ,000	
Travel & Per Diem	$0	$1,000	$1,000	$1 ,000	
Conference Calls	$29	$2,000	$2,000	$500	
Mailing Expenses		$250	$250	$250	
D&O Insurance	$0	$5,800	$5,800	$2, 800	
General Insurance		$0	$0	$3,500	
Property Insurance	$0	$0	$0	$4,000	
Printing & Binding		$1 ,000	$1,000	$600	
Legal Advertising	$534	$6,000	$6,000	$5,000	
Dues, Licenses & Fees	$175	$500	$500	$200	
Property Taxes	$8,357	$0	$0	$8,400	
Electric	$76 1	$3 ,600	$3 ,600	$2,000	
Water	$1, 175	$5,800	$5,800	$3,300	
Dumpster	$0	$3 ,500	$3,500	$3,500	
Hurricane Cleanup	$0	$0	$0	$5,000	
Website Maintenance	$300	$1,000	$1,000	$900	
Landscaping Maintenance & Material	 	$0	 	$1,050	 	$1,050	 	$1,050	
Total Expenditures	$32,308	$103,000	$108,000	$120,500	

"Exhibit A Continued"

Celebration Pointe Community Development District Debt Service Fund Budget, FY 201 8-201 9 Series 201 4A Special Assessment Bonds

	FY 201 8-201 9
Budget	
REVENUES: 		
Developer Contributions	$3,076 ,300.00	
TOTAL REVENUES	$3,076 ,300.00	

EXPENDITURES: 		
Series 201 4A -Interest 11 /1 /201 8	$828,437.50	
Series 201 4A - P rincipal 5/ 1 /201 9	$605,000.00	
Series 201 4A - Interest 5/1 /201 9	$814,425.00	
TOTAL EXPENDITURES	$2,247,862.50 	

EXCESS REVENUES	
$828,437.50	

November 1, 2019 Series 201 4A Debt Service Payment	
$828,437.50	

"Exhibit A Continued"
Celebration Pointe Community Development District Debt Service Fund Budget, FY 201 8-201 9
Series 201 7 Special Assessment Revenue Bonds

	FY 201 8-201 9
Budget	
REVENUES: 		
Developer Contributions	$1 ,948,050.00	
Capitalized Interest	$746,325.00	
TOTAL REVENUES	$2,694, 375.00	

EXPENDITURES:		
Series 201 7 -Inte rest 11 /1 /201 8	$746,325.00	
Series 201 7 - Principal 5/1 /20 18 	$460, 000.00	
Series 201 7 - Interest 5/1 /2018 	$741 , 725.00	
TOTAL EXPENDITURES	$1 , 948,050.00	

EXCESS REVENUES	
$746 ,325.00	

November 1, 201 9 Series 2017 Debt Service Payment	
$746 ,325.00	

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Fiscal Year 20 1 9 Budget Funding Agreement

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. 1 FISCAL YEAR 2018-2019 FUNDING AGREEMENT

This Agreement is made and entered into this 24th day of July 20 18, by and between:
CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
No. 1, a local unit of special-purpose government established pursuant to Chapter 1 90, Florida Statutes, and located in Alachua County, Florida (hereinafter, the "District"), and
CELEBRATION POINTE HOLDINGS, LLC, a Florida limited liability limited company and a landowner within the District (hereinafter "Developer").
Recitals
WHEREAS, the District was established by an ordinance adopted by the County Commission for Alachua County, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and
WHEREAS, the District, pursuant to Chapter 1 90, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and
WHEREAS, Developer presently owns and/or is developing the majority of all real property described in Exhibit A, attached hereto and incorporated herein, (the "Property") within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and
WHEREAS, the District is adopting its general fund budget for the Fiscal Year 20 18- 20 1 9, which year commences on October 1, 20 18, and concludes on September 30, 20 19; and
WHEREAS, this general fund budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit B; and
WHEREAS, the District has the option of levying non ad valorem assessments on all land, including the Property, that will benefit from the activities, operations and services set forth in the 20 18-2019 Fiscal Year budget, or utilizing such other revenue sources as may be available to it; and
WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit B; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit B to the Property; and
WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit B; and

NOW, therefore, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the parties agree as follows:
The Developer agrees to make available to the District the monies necessary for the operation of the District as called for in the budget attached hereto as Exhibit B, as may be amended from time to time in the District' s sole discretion, within fifteen (15) days of written request by the District. Amendments to the District' s 20 18-2019 Fiscal Year budget as shown on Exhibit B adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.
This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.
The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.
This Agreement may be assigned, in whole or in part, by either party only upon the written consent ofthe other, which consent shall not be unreasonably withheld.
A default by either paiiy under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described herein in Paragraphs 2 and 3 above. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.
This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party

2

not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give 90 days prior written notice to the District under this Agreement of any such sale or disposition.

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

The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

3

Exhibit "B"
Celebration Pointe Community Development District #1

Revenues: Developer Funding Total Revenues

Adopted FY	Adopted FY 2017-2018	2018-2019 
Budget	Budget
 	$108,000 	$120,500

$108,000

$120,500

Adopted Annual Operations & Maintenance Budget FY 201 8-20 19 

Expenditures:		
Engineering Fees	$2,000	$2,000	
Trustee Fees	$1 2,000	$12,000	
District Management Fees	$30,000	$30,000	
District Counsel Fees	$25,000	$25,000	
Audit Fees	$4,500	$6,500	
Bond Dissemination Agent	$3,000	$3,000	
Travel & Per Diem	$1 ,000	$1 ,000	
Conference Calls	$2,000	$500	
Mailing Expenses	$250	$250	
D&O Insurance	$5, 800	$2,800	
General Insurance	$0	$3,500	
Property Insurance		$4,000	
Printing & Binding	$1 ,000	$600	
Legal Advertising	$6,000	$5,000	
Dues, Licenses & Fees	$500	$200	
Property Taxes	$0	$8,400	
Electric	$3,600	$2,000	
Water	$5,800	$3,300	
Dumpster	$3,500	$3,500	
Hurricane Cleanup	$0	$5,000	
Website Maintenance	$1 ,000	$900	
Landscaping Maintenance & Material	 	$1 ,050	 	$1 ,050	
Total Expenditures	$108,000	$120,500	

above.

Attest:

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

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. 1

Secretary/Assistant Secretary

Witness

By:	­
Its: --	--	-----

CELEBRATION POINTE HOLDINGS,
LLC, a Florida limited liability limited company

By: ___	__	____
Its: ------	----

Exhibit A	Property Description

Exhibit B	Fiscal Year 2018-2019 General Fund Budget

4

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Auditor Selection Committee Rankings & Selection of Auditor

:elebration Pointe Community Development District No. Auditor Selection - Manager's Recommended Ran kings

Criteria

Ability of Personnel	Possible		Grau & Points	Associates
Qualified; at least 4 C PAs
20.0	on Staff	Grau Rec.	Carr Riggs Points		Ing ram
Qualified, Multiple CPAs
20.0	on Staff	CRI Rec.
Points

20.0	

P roposer's Experience	Extensive COD 
20.0	Experience	
Extensive COD 
20.0	Experience	
20.0	

Understanding of Scope of Work	

20.0	Sufficient	

20.0	Sufficient	

20.0	

Ability to Furnish Required Services	

20.0	Capable	

20.0	Capable	

20.0 	

20.0
1 00.0	$6,600 +
$6, 800 +
$7,000 =
$20,400	$5,750 +		
			$5, 850 +		
Price for Services for Three Years			$6, 000 =		
			1 6 .8 	$1 7,600	20.0	
Total			96.8		1 00.0	

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Fiscal Year 20 1 7 Audit

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1
ALACHUA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 

CELEBRATION POINTE COMMUNITY D EVELOPM ENT DISTRICT NO. 1 ALACHUA COUNTY, F LORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S DISCUSSION AND ANALYS IS
BAS IC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

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

Page

1 -2
3-6

7
8

11 
12 
13 

14 
1 3-20

21
22

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GO VERNMENT A UDITING STANDARDS	23-24
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.41 5, FLORIDA STATUTES, REQUIRED BY RULE 10.556(1 0)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	25
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26-27

Grau & Associates
CE RTI FI ED PUBLIC ACCOUNTANTS

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

INDEPENDENT AUDITOR'S REPORT
To the Board of Supervisors
Celebration Pointe Community Development District No . 1 Alachua County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements ofthe governmental activities and each majorfund of Celebration Pointe Community Development District No. 1, Alachua County, Florida ("District") as of and for the fiscal year ended September 30, 201 7, which collectively comprise the District's basic financial statem ents as listed in the table of contents.

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

Auditor's Responsibility

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

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

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

Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund, of the District as of September 30, 2017, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information

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

Other Reporting Required by Government Auditing Standards

In accordance with GovernmentAuditing Standards, we have also issued our report dated June 26, 201 8, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requi rements

We have also issued our report dated June 26, 201 8, on our consideration ofthe District's compliance with the req uirements of Section 21 8.415, Florida Statutes, as req uired by Rule 1 0.556(1 0) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
.:J:;,-'W' J-ti�� June 26, 201 8

2

MANAGEMENT'S DISCUSSION AND ANALYSIS

The management ofthe Celebration Pointe Community Development District No. 1, Alachua County, Florida (" District") would like to offer the readers of the District's financial statements this discussion and analysis of the District's financial activities for the fiscal year ended September 30, 201 7. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($5,530,844).

The change in the District's  total  net position  in  comparison  with  the  prior fiscal year  was  ($1 , 533, 1 45), a decrease. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section. 
At September 30, 201 7, the District's governmental funds reported combined ending fund balances of
$5,882,555, an increase of $3,050,71 1 in comparison with the prior fiscal year. A portion of fu nd balance is restricted for debt service, non-spendable for prepaid items, and ($477,650) is unassigned, deficit fund balance.
OVERVIEW OF FINANCIAL STATEMENTS
This discussion and analysis are intended to serve as the introduction to the District's basic financial statements. The District's basic financial statements are comprised of three components: 1) government­ wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

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

The government-wide financial statements include all governmental activities that are principally supported by assessments and Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated forspecific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category, the governmental funds.

3

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

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

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

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.
GOVERNMENT-WIDE FINANCIAL ANALYSIS

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

Key components of the District's net position are reflected in the following table:

NEr FDSITION SEPTEM3ER 30,
 	201 7	2016	
Assets, excluding capital assets	$ 10,595,329	$ 3,031 ,469	
Capital assets, not being depreciated	 	52,219,685	26,710,320 	
Total assets	 	62,815,014	29,741 ,789 	
Liabiltties , excluding long-term liabiltties	5,990,237	926,763	
Long-term liabilities	 	62,355,621	32,812,725 	
Total liabiltties	 	68,345,858	33,739,488 	
Net Posttion		
Net investment in capital assets	(1 0,605,054)	(6, 1 02,405)	
Restricted for debt service	5,074,210 	2,290,343	
Unrestricted		(1 85,637)	

$ (5,530,844) $ (3,997,699)

Total net position

The District's  net position  reflects its investment in capital assets (e. g.  land,  land  improvements,  and infrastructure); less any related debt used to acquire those assets that is still outstanding.  These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District's investment in capital assets is reported net of related debt, it should be noted that the resou rces needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)
The District's net position decreased during the most recent fiscal year. The majority of the decreasewas due to bond issue costs and interest expense.
Key elements of the change in net position are reflected in the following table:
CHANGES IN NET FOsmoN
FOR THE FISCAL Y EAR ENDED SEPTEMBER 30,
 	2017	2016	
Revenues :

$   1 ,476,768	$
123,028	86,971

 	7,464	34,851 
 	1 ,607,260	121 ,822 

90,701
8,289

1 06,338
8,109

2,281,818	1 ,729,416 
 	759,597	
 	3,140,405	1 ,843,863 
 	(1 ,533,145)	(1 ,722,041)
 	(3,997,699)	(2,275,658)
$  (5,530,844)  $ (3,997,699)

Program revenues Charges for services
Operating grants and contributions Capital grants and contributions Total revenues
Expenses:
General government Maintenance and operations Interest
Bond issue costs Total expenses Change in net position
Net position - beginning Net position - ending

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2017 was $3, 1 40,405. The costs of the District's activities were partially funded by program revenues. Program reven ues are comprised primarily of assessments and Developer contributions. Expenses increased from the prior year mainly as a result of interest expense and bond issuance costs.
GENERAL BUDGETING HIGHLIGHTS
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditu res may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures for the fiscal year ended September 30, 2017 exceeded appropriations by $5,490.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
At September 30, 201 7, the District had $52,21 9,685 invested in capital assets for its governmental activities. More detailed information about the District's capital assets is presented in the notes of the financial statements.
Capital Debt
At September 30, 201 7, the District had $63,425, 000 in Bonds outstanding for its governmental activities. More detailed information about the District's capital debt is presented in the notes ofthe financial statements.

5

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET
The District does anticipate the continued construction of its infrastructure for subsequent fiscal years, and expects to convey certain p roperty to othergovernmental entities. In addition, it is anticipated that the general operations of the District will increase.
CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide p roperty owners, customers, investors and creditors with a general overview ofthe District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Celebration Pointe Commun ity Development District No. 1 's Finance Department at 1 2051 Corporate Boulevard, Orlando, Florida 3281 7.

6

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COUNTY, F LO RI DA
STATEMENT OF NET POSITION SEPTEMBER 30, 201 7

Go\€rnmental
 	Acti\/ities	
ASSETS
Cash	$	19,080
Accounts receivable
Interest receivable	2, 677
P repaids and deposits	8, 532
Restricted assets:
Cash	10,564, 990
Capital assets :
Nondepreciable	 	52,219,685

(1 0,605, 054)
 	5,074,210 
$	{5,530, 844}

Total assets	62,81 5,014 

LIABILITIES		
Accounts payable	3,467,689	
Contracts and retainage payable	1 ,230,500	
Unearned re\€nue	14,585	
Accrued interest payable
Non-current liabilities:	1, 277,463	
Due within one year	575,000	
Due in more than one year	 	61 ,780,621 	
Total liabilities	68,345, 858	
NET POSITION
Net in\€stment in capital ass ets Restricted for debt ser\/ice
Total net position

See notes to the financial statements

7

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COUNTY, FLORI DA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 201 7

Charges for

Pro_g_ram  Revenues
Operating	Capital
Grants and	Grants and

Net (Expense) Revenue and Changes in Net Position

Governmental

Functions/Programs Primary government:

 	Expenses	Services	Contributions	Contributions	Activities	

Governmental activities: General government

$	90,701	$
8,289

-	$	111 ,4-32	$

-	$
7,464

20,731

-

Maintenance and operations Interest on long-term debt Bond issue costs

-

2,281 ,818 
759,597

1, 476,7-68

11 , 5-96	-

(825)
(793,454)
(759, 597)

Total governmental activities

 	3,1 40,405	1, 476,768	1 23, 028	7,464	(1 ,533,145)

Change in net position	(1 ,533 ,145)	
Net position - beginning	 	(3, 997, 699)	
Net position - ending	$	(5,530, 844)

See notes to the financial statements

8

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2017

 	Major Funds		Total
Debt	Capital	Governmental
 	General	Service	P rojects	Funds	
ASS ETS		
Cash	$	19,080	$	6,349,981	$	4,21 5,009	$ 10,584,070	
Accounts receivable	50			50	
Interest Receivable		1, 692	985	2, 677	

 	8,532	8, 532 
$	27, 662	$	6,351 ,673	$	4,215,994	$ 10, 595, 329

P repaids and deposits Total assets

LIAB ILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	13,077	$	$	3,454, 612	$	3, 467,689	
Contracts and retainage payable	1, 230, 500	1, 230, 500	
Unearned revenue	 	14,585	14,585 	
Total liabilities	 	27,662	4,685, 11 2	4,712,774 	

Fund balances :
Nonspendable:

8, 532

8, 532

6,351 ,673
{8,532)
 	6, 351 ,673	

{469, 11 8)

6,351 ,673
{477,650)

{469, 11 8)	5, 882, 555 

$

27,662

$

6,351 ,673

$

4,215,994	$

1 0, 595, 329

P repaid items Restricted for:

Debt service Unassigned
Total fund balances

Total liabilities and fund balances

See notes to the financial statements

9

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACH UA COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET ­ GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEM BER 30, 201 7

Total fund balances - governmental funds

Amounts reported for governmental activities in the statement of net position are different because:
resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities , both current and long-term, are reported in the government-wide financial statements.

$	5,882, 555

52,21 9,685

Accrued interest payable	(1 ,277, 463)	
Bonds payable	(63,425,000)	
Unamortized bond issuance discount	 	1, 069,379 	
Net position of governmental activities	$	(5,530,844)

See notes to the financial statements

10 

CELEBRATION POINTE COMMU NITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COU NTY, FLORIDA
STATEM ENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNM ENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 

 	M ajor Funds		Total

Debt

Capital

Governmental

REVENUES	 	General	Service	P rojects	Funds		
Developer contributions	$	111 ,432	$	$	$	111 ,432	
Special assess ments	1 ,476,768	1 ,476 ,768	
Interest income	 	11 ,596	7,464	1 9,060	
Total revenues	 	111 ,432	1, 488,364	7,464	1 , 607,260	

EXPENDITURES
Current:
General government	90,701			90,701	
Maintenance and operations	8, 289			8,289	
Debt servi ce:					
P rincipal		550, 000		550, 000	
Interest		1 , 696,656		1, 696, 656	
Bond issue costs		493, 906	265,691	759, 597	

Capital outlay
Total expenditures

 	12,500	25,496,865	25,509, 365

 	111 ,490	2,740,562	25,762,556	28,614,608

Excess (deficiency) of revenues
over (under) expenditures	
(58)	
(1 ,252,1 98)	
(25,755, 092)	
(27 ,007, 348)	
OTHER FINANCING SOURCES (US ES)
lnterfund t ransfers	
58	
(1 ,898)	
1, 840		
Bonds iss ued		4,775, 229	25,469,771	30,245, 000	

 	(1 86,941 )	(1 86 ,941) 
 	58	4,586,390	25,471 ,61 1	30,058,059

3, 334, 1 92

(283, 481 )

3, 050,71 1

 	3,017, 481	(1 85,637)	2,831 , 844

$

$	6,351 ,673	$	(469,11 8)  $	5, 882, 555

Discount on bonds issued
Total other financing sources (uses) Net change in fund balances
Fund balances - beginning Fund balances - ending

See notes to the financial statements

11 

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 201 7

Net change in fund balances - total governmental funds
Amounts reported for governmental acti"1ties in the statement of acti"1ties are different because:
Governmental funds report capital outlays as expenditures; however, in the statement of acti"1ties , the cost of those assets is eliminated and is capitalized in the statement of net position as capital assets.
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of acti"1ties.
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of acti"1ties and recognized as long­ term liabilities in the statement of net position.

In connection with the issuance of the Bonds, the original issue discount is reported as a financing use when debt is first issued, whereas this amount is eliminated in the statement of acti"1ties and

$	3,050,71 1

25,509,365

550, 000

(30,245, 000)

reduces long-term liabilities in the statement of net position.	1 86,941

(34, 837)

Amortization of Bond discounts is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of acti"1ties .
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of acti"1ties

$   (1 ,533, 145)

but not in the fund financial statements.	(550,325) Change in net position of governmental acti"1ties

See notes to the financial statements

12 

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Celebration Pointe Commun ity Development District No. 1 ("District") was established by Ordinance No. 201 2- 17, adopted by Alachua County, Florida on December 11, 2012 and amended by Ordinance No. 201 4-03, adopted by the Alachua County, Florida on January 28, 2014 and created pursuant to the Uniform Community Development District Act of 1 980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the fi nancing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation ofa portion ofthe infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board exercises all powers g ranted to the District pursuant to Chapter 1 90, Florida Statutes. At September 30, 2017 all of the Board members are affiliated with Celebration Pointe Partners, LLC (" Developer").
The Board has the final responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of fu nds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

13 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis ofaccounting. Reven ues are recognized as soon as they are both measu rable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liab ility is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal yearforwhich annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for payments through February 28 and become delinquent on April 1. Alternatively, the District adopts a resolution providing for the collection dates and directly collects the assessments.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resou rces except those req uired to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resou rces for the annual payment of principal and interest on long-term debt.
Capital P rojects Fund

This fund accounts for the financial resou rces to be used for the acquisition or construction of major infrastructure within the District.

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

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

14 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.
Deposits and Investments
The District's cash on hand and demand deposits are considered to be cash and cash equivalents.

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 21 8.41 5 (1 7) Florida Statutes. The District may i nvest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pu rsuant to the Florida lnterlocal Cooperation Act;
Securities and Exchange Commission registered money market fu nds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

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

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

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized . Major outlays for capital assets and improvements are capitalized as projects are constructed.
No depreciation has been taken in the current fiscal year as the District's infrastructure and other capital assets are under construction.

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

15 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Assets, Liabilities and Net Position or Equ ity (Continued)

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

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

Deferred Outflows/Inflows of Resources
Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s). For example, the D istrict would record deferred outflows of resources on the statement of net position related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).
Deferred inflows of resources represent an acquisition of net position thatappliesto future reporting period(s). For example, when an asset is recorded in the governmental fund financial statements, but the revenue is unavailable, the District reports a deferred inflow of resources on the balance sheet until such times as the revenue becomes available.
Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted byoutside parties for usefor a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

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

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

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

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

Net position is the d ifference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as n et investment in capital assets, restricted or un restricted . Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

16 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continu ed)
Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles req uires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosu re of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditu res during the reporting period. Actual results could differ from those estimates.

NOTE 3- BUDGETARY INFORMATION
The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.

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

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

NOTE 5- CAPITAL ASSETS
Capital asset activity for the fiscal year ended September 30, 201 7 was as follows:
Beginning	Ending
 	Balance	Additions	Reductions	Balance	
Governmental activities

$ 6,908,486	$ 1 ,871 ,312	$

$ 8,779,798

      1 9,801,834	23,638,053	43,439,887
      26,710,320	25,509,365	52,219,685 
$26,710,320	$25,509,365	$	$52,219,685

Capital assets, not being depreciated Land
Construction in progress
Total capital assets, not being depreciated Governmental activities capital assets

17 

NOTE 5 - CAPITAL ASSETS (Continued)

The infrastructure intended to serve the District has been estimated at a total cost of $125,651 ,1 14. The infrastructu re will include rights ofway acqu isitions, roadways, master stormwater facilities including wetland mitigation, trail improvements, and water and wastewater systems that will be constructed by the District or constructed by the Developer and its affiliates and then purchased by the District. In addition, upon completion, certain improvements are to be conveyed to other governments. Also, the project will include a bridge, parking facilities, other roadways, other water and waste water systems, and other improvements that will be funded by the Developer and its lenders, constructed by the Developer and owned and operated by others.

The public portions of the total project described above to be implemented as part of Phase I of the Development and financed by the District through proceeds ofthe 2014 Bonds are referred to collectively as the "2014 P roject". As part of the improvement plan certain right -ofway acquisitions are required. These right-of-ways are needed forthe transportation-related components ofthe improvement plan. Certain right-of­ way acquisitions have been completed by the District, using the proceeds of the 201 4 Bonds. This includes a portion of SW43rd/32 nd Street that was acquired through eminent domain which resulted in a mediated settlement agreement. As part of the mediated settlement agreement the District agreed to paythe owners of the property ("Defendants") total compensation of $6,200, 000 for the taking of parcels 1 ,2,I,J and K which include the right-of-way required for construction on SW43rd/32nd Street. As partofthe agreement the District paid $1 ,250,000 for the right-of-way during fiscal year 2016 which granted them a Temporary Construction Easement for a period of two years.

The public portions of the total project described above to be implemented as part of Phase II of the Development and financed by the District through proceeds of the 2017 Bonds are referred to collectively as the "201 7 P roject". The total cost of the 201 7 Project is estimated at $25 ,1 55,275.

In connection with the 201 4 and 201 7 projects, if the amount bywhich the cost ofthe 2014 or 2017 projects or portion thereof to be conveyed by the Developerto the District pursuant to the Acquisition Agreement exceeds the amount actually paid by the District for the 201 4 or the 201 7 project or portion thereof from proceeds of the Series 201 4 or 2017 Bonds, it may be determined that deferred obligations/costs exist. Upon completion of the project, certain funds available from the Bonds may be used to pay deferred obligations/costs, as outlined in the Bond Indenture. At September 30, 2017, the District has not yet determined if a liability exists for deferred obligations/costs.

NOTE 6 - LONG-TERM LIABILITIES

Series 2014
On December 12, 201 4, the District issued $33,730,000 of Special Assessment Revenue Bonds, Series 201 4 consisting of $5,200, 000 Term Bonds Series 2014 due on May 1, 2024 with a fixed interest rate of 4.75%,
$1 0,005,000 Term Bonds Series 201 4 due on May 1, 2034 with a fixed interest rate of 5. 00% and $1 8,525,000 Term Bonds Series 2014 due in May 1, 2045 with a fixed interest rate of 5.125%. The Bonds were issued to finance the acquisition and construction ofcertain improvements for the benefit ofthe District. Interest is to be paid semiannually on each May 1 and November 1. P rincipal on the Bonds is to be paid serially commencing May 1, 2017 through May 1, 2045.
The 2014 Bonds are payable from and secured by the 201 4 Pledged Revenues and the 2014 Pledged F unds. The 2014 Pledged Revenues consist ofthe revenues derived by the District from the 2014 Assessments and the Transportation Revenues. The Transportation Revenues are revenues pu rsuant to the Transportation Assignment Agreement. The Transportation Assignment Agreement is that certain Assignment of Contract Rights and Acknowledgement of Merger - Southwest District Transportation Agreement dated August 27, 201 4 from the Developer to the District and consented to by Alachua County, Florida. The Series 2014 indenture provides for the Transportation Revenues to be deposited in the Transportation Improvement Fund and semi-annually applied, to the extent available, to pay debt service on the Series 2014 Bonds prior to the application of Series 2014 Bonds assessments for that purpose. See Note 7 for more information.

The Series 2014 Bonds are subject to redemption at the option ofthe District priorto their matu rity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

18 

NOTE 6 - LONG-TERM LIABILITIES (Continued)
Series 201 4 (Continued)

The Bond Indentures established debt service reserve requirements as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 201 7.

Series 201 7
On May1 6, 201 7, the District issued $30,245,000 of Special Assessment Revenue Bonds, Series 2017 consisting of $1 ,960, 000 Term Bonds Series 201 7 due on May 1, 2022 with a fixed interest rate of 4.00%,
$6,875, 000 Term Bonds Series 201 7 due on May 1, 2032 with a fixed interest rate of 5.00%, and $21 ,41 0,000 Term Bonds Series 201 7 due on May 1, 2048 with a fixed interest rate of 5.00%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit ofthe District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 201 9 through May 1, 2048.

The Series 201 7 Bonds are subject to redemption at the option ofthe District priorto their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

A portion of the Transportation Revenues pledged to the payment of the 201 4 Bonds pursuant to the First Supplemental Indenture is expected to be available to pay the 201 7 Bonds. The Transportation Revenues are payable to the District pursuant to the Transportation Assignment Agreement. The Transportation Revenues and the Transportation Improvement Fund established under the First Supplemental Indenture into which Transportation Revenues are deposited are not part of the 201 7 Trust Estate and the 201 7 Bonds are not secu red by a lien on or pledge of the Transportation Revenues and the Transportation Improvement Fund. Transportation Revenues may not be available to pay the 201 7 Bonds under certain circumstances and are not expected to be available after September 30, 2035 under the terms of the Transportation Agreement.

The Bond Indentures established debt service reserve requirements as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment ofdebt service and to meet the reserve requirements. The District was in compliance with the req uirements at September 30, 2017.
Changes in long-term liability activity for the fiscal year ended September 30, 201 7 were as follows:

Beginning	Ending	D..Je Within
 	Balance	Additions	Reductions	Balance	One Year 

$ 33,730,000	$
91 7,275

$	550,000
32,760

33,1 80,000
884,51 5

$	575,000

30,245,000	30,245,000

 	186,941	2,077	1 84,864	
$ 32,81 2,725	$ 30,058,059	$

51 5,163

$ 62,355,621

$

575,000

Governmental activities Series 2014 Bonds
Less: issuance discount Series 2017 Bonds
Less: issuance discount Total

19 

NOTE 6 - LONG-TERM LIABILITIES (Continued)

At September 30, 2017 , the scheduled debt service requirements on the long-term debt were as follows:

 	Governrrental Activities	
Year ending
    Septerrber 30:	Principal	Interest	Total	

2018 
2019 

$	575,000
1 ,065,000

$  3,071 ,964
3,1 35,869

$  3,646,964
4, 200,869

2020	1,110,000	3,088,731	4, 1 98,731	
2021	1,160,000	3,039,606	4,1 99,606	
2022	1,21 5,000	2, 988, 256	4,203,256	
2023-2027	7,005,000	14,018,919 	21 ,023,919 	
2028-2032	8,950,000	12,088,281	21 ,038,281	
2033-2037	11 ,455,000	9,608,344	21,063, 344	
2038-2042	1 4,710,000	6, 395,700	21 ,1 05,700	
2043-2047	14,285,000	2,378,000	16,663,000	
2048	 	1, 895,000	94,750	1 ,989,750 
$ 63,425,000	$ 59,908,420	$123,333,420

NOTE 7 - TRANSPORTATION ASSIGNMENT AGREEMENT

The County and the Developer have entered into that certain Southwest Transportation Improvement Agreement dated as of October 24, 201 1 (the "Transportation Agreement"). Under that agreement the Developer is entitled to certain reimbursements for transportation m itigation credits. The Developer has assigned to the District its right to receive the first $8 million of fu nds generated by that agreement ("Transportation Revenues"). The Series 2014 bond indenture provides for the Transportation Revenues to be deposited in the Transportation Improvement Fund and semi-annually applied, to the extent available, to pay debt service on the Series 201 4 Bonds prior to the application of Series 2014 Bonds assessments for that purpose.
NOTE 8 - DEVELOPER TRANSACTIONS AND CONCENTRATION

The Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the District were $1 11 ,432 for the fiscal year ended September 30, 201 7. The Developer owns a portion of land within the District; therefore, assessment revenues in thedebt service funds include the assessments levied on those lots owned by the Developer. The District's activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District's operations.
NOTE 9 - MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.
NOTE 10 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.
NOTE 11 - CONTINGENCIES

The District is involved in various l itigation matters arising in the ordin ary course ofoperations, none of which, in the opinion of the Board of Supervisors and District Manager, will have a material effect on the District's financial position.

20

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACHUA COUNTY, FLORIDA
SCHEDULE OF REVEN UES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 

Budgeted

  $	1 06, 000	$	111 ,432	$	5,432 
 	1 06,000	111, 432	5,432 

 	1 06,000	111 ,490	(5,490)

(58)

(58)

 	58 

$

$

 	

$

(12, 500)

 	Amounts	

Actual

Variance with Final Budget - Positive

REVENUES 
Developer contribution Total revenues

EXPENDITURES

General government	87, 600	90,701 	(3, 1 01) 	
Maintenance and operations	18,400	8,289	10 ,111 	
Capital outlay		12,500		

Current:

Original & Final 	Amounts	(Negative)	

Total expenditures

Excess (deficiency) of revenues over (under) expenditures

OTHER FINANCING SOURCES
Transfer in (out)

Net change in fund balances Fund balance - beginning
Fund balance - ending

See notes to required supplementary information

21 

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 ALACH UA COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures for the fiscal year ended September 30, 201 7 exceeded appropriations by $5,490.

22

Grau & Associates
CE RTI FIED PUULIC ACCO UN TANTS

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

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CO NTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AU DIT OF FINANCIAL STATEMENTS PERFORM ED IN ACCORDANCE WITH GOVERNMENT A UDITING STANDARDS
To the Board of Supervisors
Celebration Pointe Community Development District No. 1 Alachua County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Celebration Pointe Community Development District No. 1, Alachua County, Florida (" District") as of and for the fiscal year ended September 30, 201 7, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated June 26, 201 8.

I nternal Control Over Financial Reporting
In planning and performing our audit of the fi nancial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedu res that are appropriate in the circumstances for the purpose ofexpressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness ofthe District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.

A deficiency in internal control exists when the design or operation of a control does notallow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibilitythat a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was forthe limited purpose described in the first paragraph ofthis section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, du ring our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

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

23

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

June 26, 2018 

24

Grau & Associates
CE RTI FIED PU I3LlC ACCOUNTANTS

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

INDEPENDENT AU DITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AU DITOR GENERAL OF THE STATE OF FLORI DA

To the Board of Supervisors
Celebration Pointe Community Development District No. 1 Alachua County, Florida

We have examined Celebration Pointe Community Development District No. 1, Alachua County, Florida's ("District") compliance with the req uirements of Section 21 8.41 5, Florida Statutes, in accordance with Rule 10 .556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2017. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require thatwe plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 21 8.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned req uirements for the fiscal year ended September 30, 201 7.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Celebration Pointe Community Development District No. 1, Alachua County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 26, 2018 

25

Grau & Associates
CE RTI FI ED PUBLIC ACCOUNTANTS

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

MANAG EMENT LETTER PU RSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Celebration Pointe Commun ity Development District No. 1 Alachua County, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Celebration Pointe Community Development District No. 1, Alachua County, Florida ("District") as of and for the fiscal yearended September 30, 201 7, and have issued our report thereon dated June 26, 201 8.

Auditor's Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 1 0.550, Rules of the Florida Auditor General.

Other Reporting Requi rements
We have issued our Independent Auditor's Report on I nternal Control over Financial Reporting and on Compliance and other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 31 5, regarding compliance requirements in accordance with Chapter 1 0.550, Rules of the Auditor General. Disclosu res in those reports, which are dated June 26, 2018, should be considered in conjunction with this management letter.
Purpose of this Letter
The purpose of this letter is to comment on those matters required by Chapter 1 0.550 of the Rules of the Auditor General forthe State of Florida. Acco rdingly, in connection with ourauditofthe financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Ill. Compliance with the Provisions of the Auditor General of the State of Florida.
Our management letter is intended solely for the information and use ofthe Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Celebration Pointe Community Development District No. 1, Alachua County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Celebration Pointe Community Development District No. 1, Alachua County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 26, 2018 

26

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None
PRIOR YEAR FINDINGS AND RECOM MENDATIONS
None
Ill. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 201 6. 
Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 201 7.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters d iscovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 201 7.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The financial report filed with the Florida Department of Financial Services pursuant to Section 21 8.32(1 )(a), Florida Statutes agrees with the September 30, 201 7 financial audit report.

The District has not met one or more of the financial emergency conditions described in Section 21 8.503(1), Florida Statutes.

We applied financial condition assessment procedu res and no deteriorating financial conditions were noted as of September 30, 201 7. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
N0. 1

Funding Request Nos.
44 & 45

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 44
4/1 1 /201 8
Item No. 

Payee

General Fund

Capital Pro·ects

Cobb Cole
General legal services - March

Fishkind & Associates
District Management - March

GRU
Acct 2000-56 1 3-51 80

Acct 2000-56 1 3-5281 

Secretary

Please remit funding to: Celebration Pointe COD #1 Attention: Monica Sutera 12051 Corporate Blvd.
Orlando, FL 32817 

145846

22300

02/22-03/25

02/22-03/25

TOTAL

$400.00

$2,586.21 

$268.99 

$49.84

$3, 305.04	$0.00 

$3,305.04

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 45
5/29/20 18 
Item	Payee
No.

General	Capital
Fund	Pro·ects

Digital Assurance Certification
20 17 Material Event Notices

Fishkind & Associates
District Management - April

GRU
Acct 2000-561 3-51 80

Secretary

Please remit funding to: Celebration Pointe COD #1 Attention: Monica Sutera 1 2051 Corporate Blvd.
Orlando, FL 32817 

37718 

22462

03/24-04/20

TOTAL

$500.00

$2,575.94

$230 .93

$3,306.87	$0.00

$3,306.87

Chairman

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Funding Request N os.
46 - 48

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 46
5/30/2018 
Item No.

Payee

General	Capital
Fund	Pro·ects

Fishkind & Associates
District Management Fee: May

Gainsville Sun Legal Adverising Legal Adverising

Grau & Associates
Audit Fees 9/30/2017 

GRU
Acct 2000-561 3-5 1 80

Secretary

Please remit funding to: Celebration Pointe COD #1 Attention: Monica Sutera
12051 Corporate Blvd.
Orlando, FL 32817 

22635

A000932725 A000931 250

16718 

04/21-0521

TOTAL

$2,622.27

$ 1 94.84
$ 1 47.38

$ 1, 500.00

$220.78

$4,685 .27	$0.00 

$4,685.27

Chairman

CELEB RATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1		

Funding Request No. 47		
6/1 3/2018 		
Item	Payee	General	Capital	
No.	Fund	Pro·ects	

1	Cobb Cole
General Work in Progress	1471 10 	

$6 17 .50		
2	The Gainesville Sun
Legal Advertising	31 380358	
$5.13 		
	$622.63	$0.00	
TOTAL	$622.63		
Secretary	Chairman		

Please remit funding to: Celebration Pointe COD #1 Attention: Monica Sutera
12051 Corporate Blvd.
Orlando, FL 32817 

C ELEBRATION POINTE COMMUNITY D EVELOPM ENT DISTRICT #1 

Funding Request No. 48
7/6/201 8
Item No.

Payee

General Fund

Capital Pro·ects

Grau and Associates
Audit FYE 09/30/2017 

GRU
Acct 2000-561 3-5 1 80

US Bank
Administrative Fees & I ncidental Expenses 6/1 /1 8 - 5/3 1 /1 9

17024

05/22-06/2 1

5034963

$5,000.00

$230.93

$12,391 .25

$17 ,622. 18	$0.00

TOTAL	$1 7,622.18 

Secretary	Chairman

Please remit funding to: Celebration Pointe COD #1 Attention: Monica Sutera
1 2051 Corporate Blvd.
Orlando, FL 32817 

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

District' s Financial Position 

6/1 3/1 8

General Fund	Series 2014 Debt	Series 2017 Debt	Series 2014	Series 2017	Long Term	Total	
	Service Fund	Service Fund	Construction	Construction	Debt Group		
			Fund	Fund			

9:37:59 AM

Revenues

Celebration Pointe CDD No. 1
Statement of Activities (YTD) (Columnar, By SubType Landscape) As of 5/31 /201 8

Developer Contributions	$34,672.34											$34,672.34	
Other Income & Other Financing Sources		$2,247,062.83										2,247,062.83	
Inter-Fund Group Transfers In 		(49,872.17)										(49,872. 17)	
Inter-Fund Group Transfers In 				($56.80)								(56.80)	
Inter-Fund Transfers In 						$48,241.44						48,241 .44	
Inter-Fund Transfers In 								$1 ,687.53				1,687.53	
Total Revenues	
$34,672.34	$2, 197,1 90.66		($56.80)		$48,241 .44		$1,687.53		$0.00		$2,281 ,735.17 	

ExJl_enses

Insurance	$2,525.00												$2,525.00	
Trustee Services	14,142.1 9												14,142.19 	
Management	17,500.00												17,500.00	
Dissemination Agent	3,000.00												3,000.00	
District Counsel	5,71 3.50												5,71 3.50	
Audit	46.00												46.00	
Telephone	37.66												37.66	
Postage & Shipping	9.91												9.91	
Legal Advertising	534.32												534.32	
Property Taxes	8,356.85												8,356.85	
Web Site Maintenance	525.00												525.00	
Dues, Licenses, and Fees	175.00												175.00	
Electric	783.88												783.88	
Water	1,628.39												1,628.39	
General Insurance	3,179.00												3,179.00	
Landscaping Maintenance & Material	2,500.00												2,500.00	
Principal Payment - A3 Bond			$575,000.00										575,000.00	
Interest Payments -A 1 bond			1,670,531 .26										1,670,531.26	
Interest Payments - B 1 bond					$1 ,401 ,432.50								1,401 ,432.50	
Engineering									$68,096.23				68,096.23	
Capital Expenditures									891,811.99 				891,811 .99	
Total Expenses	$60,656.70		$2,245,531 .26		$1 ,401 ,432.50		$0.00		$959,908.22		$0.00		$4,667,528.68	

Other Revenues {ExE?enses} & Gains {Losses}

Rental Income	$45,050.02					$45,050.02	
Interest Income		$8,1 00.55				8,1 00.55	
Interest Income			$4,248.79			4,248.79	
Interest Income				$1 45.20		1 45.20	
Interest Income					$1 ,299.20	1 ,299.20	

6/1 3/1 8	Celebration Poi nte COD No. 1

9:37:59 AM	Statement of Activities (YTD) (Columnar, By SubType Landscape) As of 5/31 /201 8

	General Fund		Series 2014 Debt Service Fund		Series 2017 Debt Service Fund		Series 2014 Construction
Fund		Series 2017 Construction
Fund	Long Term Debt Group	Total	
Total Other Revenues (Expenses) & Gains (Losses)	$45,050.02		$8,1 00.55		$4,248.79		$145.20		$1 ,299.20	$0.00	$58,843.76	
Change In Net Assets	
$19,065.66		
($40,240.05)		
($1, 397,240.51) 		
$48,386.64		
($956,921.49)	
$0.00	
($2,326,949.75)	

Net Assets At Beginning Of Year	
$1 8,934.1 9		
$2,254,349.62		
$4,097,322.27		
($1 83,786.63)		
($1,305,861 .50)	
$0.00	
$4,880,957.95	

NetAssets At End Of Year	

$37,999.85		

$2,21 4,1 09.57		

$2,700,081 .76		

($135,399.99)		

($2,262,782. 99)	

$0.00	

$2,554,008.20	

6/1 3/1 8	Celebration Pointe COD No. 1
9:33:35 AM	Statement of Financial Position
(Columnar Landscape) As of 5/31 /201 8

General Fund	Series 2014 Debt	Series 2017	Series 2014	Series 2017	Long Term	Total	
Service Fund	Debt Service	Construction	Construction	Debt Group	

Assets	Fund	Fund	Fund		

Current Assets

General Checking Account	$48,041.07												$48,041 .07	
Accounts Receivable - Due from Developer	16,089.68												16,089.68	
Debi Service Reserve A 1 Bond			$2,214,032.26										2,214,032.26	
Revenue A1 Bond			77.31										77.31	
Debi Service Reserve B1 Bond					$1 ,946,568.20								1,946,568.20	
Interest B 1 Bond					753, 51 3.56								753, 51 3.56	
Acquisition/Construction A1 Bond							$1 ,625.40						1,625.40	
Deferred Cost A1 Bond							50,397.61						50,397.61	
Acquisition/Construction B1 Bond									$50, 808.15 				50,808. 15 	
Deferred Cost B1 Bond									56.86				56.86	
Total Current Assets	$64,130.75		$2,214,1 09.57		$2,700, 081 .76		$52,023.01		$50,865.01		$0.00		$5,081 ,21 0.10 	

Investments

Amount Available in Debt Service Funds									$4,914,191 .33		$4,91 4,191 .33	
Amount To Be Provided		
							57,1 64,954.37		57,1 64,954.37	
Total Investments	$0.00		$0.00		$0.00		$0.00		$62,079,145.70		$62,079, 145.70	

0ther Assets

Issue Discount									$795,854.30		$795,854.30	
Total OtherAssets	$0.00		$0.00		$0.00		$0.00		$795,854.30		$795,854.30	

$64,1 30.75

$2,214,1 09.57

$2,700, 081 .76

$52,023.01

$50,865.01

$62,875,000.00

$67,956,21 0.10 

Total Assets

Liabilities and Net Assets

Current Liabilities

Accounts Payable	$26, 130.90	$26,130.90
Retainage Payable	$1 87,423.00	187,423.00

Retainage Payable	$2,31 3,648.00	2,31 3,648.00
Total Current Liabilities	$26,130.90	$0.00	$0.00	$1 87,423.00	$2,31 3,648.00	$0.00	$2,527,201.90

6/1 3/18
9:33:35 AM

Long Term Liabilities

Celebration Pointe CDD No. 1
Statement of Financial Position (Columnar Landscape)
As of 5/31 /20 18 

General Fund	Series 2014 Debt	Series 2017	Series 2014	Series 2017	Long Term	Total	
	Service Fund	Debt Service	Construction	Construction	Debt Group		
		Fund	Fund	Fund			

Revenue Bonds Payable - Long-Term								$62,875,000.00	$62,875,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0.00	$62,875,000.00	$62,875,000.00	

 	  	  	 	

Total Liabilities

Net Assets

$26,130.90

$0.00

$0.00

$1 87,423.00

$2,313,648.00

$62,875,000.00

$65,402,201 .90

Fund Balance - Unreserved	$27,623.56								$27,623.56	
Current Year Fund Balance - Unreserved	45,050.02								45,050.02	
Net Assets, Unrestricted	(4,253.26)								(4,253.26)	
Net Assets - General Government	(4,436.11) 								(4,436.11) 	
Current Year Net Assets - General Government	(25,984.36)								(25,984.36)	
Net Assets, Unrestricted		$2,254,345.67							2,254,345.67	
Current Year Net Assets, Unrestricted		(40,240.05)							(40,240.05)	
Net Assets - General Government		3.95							3.95	
Net Assets, Unrestricted			$4,097,322.27						4,097,322.27	
Current Year Net Assets, Unrestricted			(1 ,397,240.51) 						(1,397,240.51) 	
Net Assets, Unrestricted				($1 58,786.63)					(1 58,786.63)	
Current Year Net Assets, Unrestricted				48,386.64					48,386.64	
Net Assets - General Government				(25,000.00)					(25,000.00)	
Net Assets, Unrestricted						($1,278,314.17)			(1 ,278,314.17)	
Current Year Net Assets, Unrestricted						(958,220.69)			(958,220.69)	
Net Assets - General Government						(27,547.33)			(27,547.33)	
Current Year Net Assets - General Government						1,299.20			1 ,299.20	
Total Net Assets	$37,999.85	$2,214,1 09.57	$2,700,081 .76	($135,399.99)		($2,262,782.99)		$0.00	$2,554,008.20	

$64,130.75

$2,214,1 09.57

$2,700,081.76

$52,023.01

$50,865.01

$62,875,000.00

$67,956,210.10 

Total Liabilities and Net Assets

Revenues

Celebration Pointe COD No. 1
Budget to Actual
For the period ending 5/31 /20 18 

Actual	Year To Date
Budget	
Variance	Adopted
Budget	
			FY2018 	

Developer Contributions	$34,672.34		$72,000.00		$(37,327.66)		$1 08,000.00	
Net Revenues	$34,672.34		$72,000.00		$(37,327.66)		$1 08,000.00	

Engineering	$0.00		$1,333.33		$(1 ,333.33)		$2,000.00	
Trustee Services	14,142. 19 		$8,000.00		6, 142 .19 		1 2,000.00	
Management	17,500.00		$20,000.00		(2,500.00)		30,000.00	
District Counsel	5,71 3.50		$16,666.67		(1 0,953. 1 7)		25,000.00	
Audit	46.00		$3,000.00		(2,954.00)		4,500.00	
Dissemination Agent	3,000.00		$2,000.00		1, 000.00		3,000.00	
Travel & Per Diem	0.00		$666.67		(666.67)		1 ,000.00	
Telephone	37.66		$1 ,333.33		(1 ,295.67)		2,000.00	
Postage & Shipping	9.91		$1 66.67		(1 56.76)		250.00	
Printing & Binding	0.00		$666.67		(666.67)		1 ,000.00	
Legal Advertising	534.32		$4,000.00		(3,465.68)		6,000.00	
Landscaping Maintenance & Material	2,500.00		$700.00		1, 800.00		1 ,050.00	
Website Maintenance	525.00		$666.67		(141 .67)		1 ,000.00	
Dues, Licenses, and Fees	1 75.00		$333.33		(1 58.33)		500.00	
Electric	783.88		$2,400.00		(1 ,61 6. 1 2)		3,600.00	
Water	1 ,628.39		$3,866.67		(2,238.28)		5,800.00	
Dumpster	0.00		$2,333.33		(2,333.33)		3,500.00	
P roperty Taxes	8,356.85		$0.00		8,356.85		0.00	
Insurance	5,704.00		$3,866.67		1 ,837.33		5,800.00	
Total General & Administrative Expenses	$60,656.70		$72,000.00		$(1 1 ,343.30)		$1 08,000.00	
		$0.00		$(25,984.36)		$0.00	

General & Administrative Exi;ienses

�

$(25,984.36)

Net Income (Loss)