Celebration Pointe Community Development District No. 1
12051 Corporate Blvd., Orlando, FL 32817	Phone 407-723-5900 http://celebrationpointecdd1.com

The proposed agenda for the Board of Supervisors' Meeting for the Celebration Pointe Community Development District No. 1, scheduled to be held Tuesday, July 2, 2019, 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: 1-866-398-2885	Code:	275521

BOARD OF SUPERVISOR'S MEETING AGENDA
A.	Organizational Matters
•	Roll Call to Confirm Quorum
•	Public Comment Period
1.	Consideration of the Minutes of the April 23, 2019 Board of Supervisors' Meeting
2.	Consideration of Fiscal Year 2019-2020 Meeting Schedule

B.	Business Matters
3.	Review and Acceptance of Fiscal Year 2018 Draft Audit
4.	Consideration of Agreement for Infrastructure Management and Maintenance Services
•	Consideration of Request for Authorization
5.	Public Hearing on the Adoption of the District's Annual Budget
a)	Public Comments and Testimony
b)	Board Comments
c)	Consideration of Resolution 2019-04, Adopting the Fiscal Year 2020 Budget and Appropriating Funds
6.	Consideration of Fiscal Year 2019-2020 Funding Agreement
7.	Consideration of Funding Request Nos. 63 - 66
8.	Review of Statements of the District's Financial Position

C.	Other Business
A.	Staff Reports
B.	Supervisors Requests
C.	Audience Comments
D.	Board Member General Comments/Discussions
D. Adjournment

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CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Minutes of the April 23, 2019 Board of Supervisors' Meeting

MINUTES OF MEETING

CELEBRATION POINTE COMMUNITYDEVELOPMENTDISTRICT NO. 1
Board of Supervisors Meeting Tuesday, April 23, 2019
2579 SW 87fh Drive, Gainesville, FL 32608 Called to order at approximately 11:03 a.m.
Present and constituting a quorum:

Madeline Da Silva Dave Stockman Heather Dyrkolbotn
Also present were:
Jennifer Walden Lynne Mullins Mark Watts

FIRST ORDER OF BUSINESS

Vice-Chair Assistant Secretary Assistant Secretary

PFM PFM
Cobb Cole	(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 11 :03 a.m. and the names of those in attendance were announced. Board Members Madeline Da Silva, Dave Stockman, and Troy Ely constituted a quorum.

SECOND ORDER OF BUSINESS
There were no members of the public present at this time.

THIRD ORDER OF BUSINESS

The Board reviewed the minutes outlined in the agenda.

Public Comment Period

Consideration of the Minutes of the February 28, 2019 Board of Supervisors' Meeting

On motion by Mr. Stockman, seconded by Ms. Dyrkolbotn, with all in favor, the Board approved the minutes of the February 28, 2019 Board of Supervisors' Meeting.

FOURTH ORDER OF BUSINESS	Letter from Supervisor of Election - Alachua County

Ms. Walden noted for the record that as of April 15, 2019 there were no registered voters in Celebration Pointe No. 1 COD. No action is required.

FIFTH ORDER OF BUSINESS	Announcement	of Landowners' Election

District staff suggested Tuesday, November 26, 2018 at 11:00 a.m. at this location, Board members suggested a different date due to Thanksgiving. A quorum is not required. Mr. Stockman stated that he should be in town. Ms. Mullins stated that a Landowner can appoint a proxy to include District staff.

On motion by Ms. Dyrkolbotn, seconded by Ms. Da Silva, with all in favor, the Board approved the landowner Election Date of Tuesday, November 26, 2019 at 11:00 a.m. at 2579 SW 87th Drive, Gainesville, Florida, 32608.

SIXTH ORDER OF BUSINESS	Consideration	of Auditing Services

ADA

Ms. Walden explained the options to the Board. Our internet provider has partnered with a local agency for the visually impaired called Lighthouse Works. They are recommending quarterly technical and human audits each year at a cost of $1,200.00 for the year.

On motion by Ms. Dyrkolbotn, seconded by Ms. Da Silva, with all in favor, the Board approved the ADA Auditing Services, Option One for $1,200.00 yearly.

SEVENTH ORDER OF BUSINESS		Consideration of Resolution 2019-03, Approving a Preliminary Budget for Fiscal Year 2020 and Setting a Public Hearing Date

Ms. Walden stated the preliminary budget is listed behind tab 5 and we are proposing an increase in the budget to $178,850.00. The Board discussed the budget and the date.

On motion by Ms. Da Silva, seconded by Mr. Stockman, with all in favor, the Board approved Resolution 2019-03, Approving a Preliminary Budget for Fiscal Year 2020 and Setting a Public Hearing Date for July 2, 2019 at 11:00 a.m. at 2579 SW 87th Drive, Gainesville, Florida, 32608.

2

EIGHTH ORDER OF BUSINESS	Ratification of FY 2018 Audit Engagement Letter

Ms. Walden noted that this was previously approved by the District Manager and tre Vice-Chair so the auditor could begin work on the Fiscal Year 2018 audit at a not-to-exceed amount of $5,750.00.

On motion by Ms. Dyrkolbotn, seconded by Mr. Stockman, with all in favor, the Board ratified the FY 2018 Audit Engagement Letter.

NINTH ORDER OF BUSINESS	Consideration	of	Funding Request Nos. 62

The Board reviewed Funding Request Nos. 62.

On motion by Ms. Da Silva, seconded by Mr. Stockman, with all in favor, the Board approved Funding Request Nos. 62.

TENTH ORDER OF BUSINESS		Review	of	the	District's Financial Position

Ms. Walden presented the updated financials to the Board. There is no action required by the Board.

ELEVENTH ORDER OF BUSINESS
Attorney - No Report Engineer - Not present Manager - No Report
TWELFTH ORDER OF BUSINESS

There were no Supervisor requests and no audience comments.

Staff Reports

Supervisor	and	Audience Comments & Adjournment

There was no further business to discuss. Ms. Walden requested a motion to adjourn.

3

On motion by Ms. Da Silva, seconded by Ms. Dyrkolbotn, with all in favor, the Board adjourned its April 23, 2019 Board of Supervisors' Meeting.

Secretary/Assistant Secretary	ChairmanNice-Chairman

4

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT
NO. 1

Fiscal Year 2019-2020 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 2019-2020 Fiscal Year at 2579 SW 87th Drive, Gainesville, FL 32608, at 11:00 a.m. on the following dates:
October 22, 2019
January 28, 2020
April 28, 2020
July 28, 2020
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) 723- 5900 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

Fiscal Year 2018 Draft Audit

Celebration Pointe No.1 Community Development District
FINANCIAL STATEMENTS
September 30, 2018

RI CARR

C

RIGGS & INGRAM
CPAs and Advisors
CRlcpa.com

REPORT

Celebration Pointe No.1 Community Development District
Table of Contents September 30, 2018

Independent Auditors' Report	1
FINANCIAL STATEMENTS
Management's Discussion And Analysis (required supplemental information)	3
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position	8
Statement of Activities	9
Fund Financial Statements
Balance Sheet - Governmental Funds	10
Reconciliation of the Balance Sheet of Governmental Funds to the Statement
of Net Position	11
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds	12
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	13
Notes to Financial Statements	14
Required Supplemental Information (other than MD&A)
Budget to Actual Comparison Schedule - General Fund	24
Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance With Government Auditing Standards	25
Management Letter	27
Independent Accountants' on Compliance with Section 218.415 Florida Statutes	29

RI

C

CARR RIGGS & INGRAM
CPAs and Advisors

INDEPENDENT AUDITORS' REPORT

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

Carr, Riggs & Ingram, LLC
Certified Public Accountants
500 Grand Boulevard
Suite 210
Miramar Beach, Florida 32550
(850) 837-3141
(850) 654-4619 (fax)
CRlepa.corn

We have audited the accompanying financial statements of the governmental activities and each major fund of Celebration Pointe No.l Community Development District (hereinafter referred to as "District"), as of and for the year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibilityfor 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.
Auditors' Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' 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, 2018, and the respective changes in financial position for the 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, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June XX, 2019, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

CARR, RIGGS & ING RAM, LLC

Miramar Beach, Florida June XX, 2019

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Management's Discussion And Analysis

Celebration Pointe  No.1 Community Development District
Management's Discussion and Analysis
Our discussion and analysis of Celebration Pointe No.1 Community Development District's financial performance provides an overview of the District's financial activities for the fiscal year ended September 30, 2018. Please read it in conjunction with the District's financial statements, which begin on page 8.

FINANCIAL HIGHLIGHTS

•	At September 30, 2018, the liabilities and deferred inflows of resources of the District exceed its assets by approximately $6.4 million (deficit).
•	During the fiscal year ended September 30, 2018, the District paid principal and interest expenditures of $575,000 and approximately $3.1 million, respectively.

USING THE ANNUAL REPORT

This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities on pages 8 - 9 provide information about the activities of the District as a whole and present a longer-term view of the District's finances. Fund financial statements start on page 10. For governmental activities, these statements tell how these services were financed in the short-term as well as what remains for future spending. Fund financial statements also report the District's operations in more detail than the government-wide statements by providing information about the District's most significant funds.
Reporting the District asa Whole

Our analysis of the District as a whole begins on page 4. One of the most important questions asked about the District's finances is, "Is the District as a whole better off or worse off as a result of the year's activities?" The Statement of Net Position and the Statement of Activities report information about the District as a whole and about its activities in a way that helps answer this question. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private-sector companies. All of the current year's revenues and expenses are taken into account regardless of when cash is received or paid.

These two statements report the District's net position and related changes during the current year. You can think of the Districts' net position - the difference between assets and liabilities - as one way to measure the District's financial health, or financial position. Over time, increases or decreases in the District's net position is one indicator of whether its financial health is improving or deteriorating. You will need to consider other nonfinancial factors; however, such as changes in the District's assessment base and the condition of the District's infrastructure, to assess the overall health of the District.

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Celebration Pointe No.1 Community Development District
Management's Discussion and Analysis

Reporting the District's MostSignificant Funds
Our analysis of the District's major funds begins on page 5. The fund financial statements begin on page 10 and provide detailed information about the most significant funds - not the District as a whole. Some funds are required to be established by State law and by bond covenants. All of the District's funds are governmental fund-types.
•	Governmental funds - All of the District's basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year­ end that are available for spending. The governmental fund statements provide a detailed short-term view of the District's general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to finance the District's programs.

THE DISTRICT AS A WHOLE
The following table reflects the condensed Statement of Net Position and is compared to the prior
year.		
September 30,	2018	2017	Change	
Assets
Current and other assets	
$	5,103,128	
$	10,595,329	
$	(5,492,201)	
Capital assets, net	53,857,225	52,219,685	1,637,540	
Total assets	$	58,960,353	$	62,815,014	$	(3,854,661)	
Liabilities				
Current liabilities	$	4,561,721	$	5,990,237	$	(1,428,516)	
Other liabilities	60,751,808	62,355,621	(1,603,813)	
Total liabilities	65,313,529 	68,345,858		(3,032,329)
Deferred inflows of resources
Deferred revenue	1,622	1,622
Net position
Net investment in capital assets
Restricted for:	(5,193,579)	(4,259,765)	(933,814)	
Capital projects	101,483	4,620	96,863	
Unrestricted	(1,262,702)	(1,275,699)	12,997	
Total net position	(6,354,798)	(5,530,844)	(823,954)	
Total liabilities, deferred inflows of resources, and net eosition	
$	58,960,353	
$	62,815,014	
$	(3,854,661)	

For more detailed information, see the accompanying Statement of Net Position.

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Celebration Pointe No.1 Community Development District
Management's Discussion and Analysis
During the fiscal year ended September 30, 2018, total assets and liabilities decreased by approximately $3.9 million and $3 million, respectively. The decrease in assets is primarily a result of the paydown of current liabilities and the use of bond proceeds to make initial interest payments on the Series 2017 bonds. The decrease in liabilities is primarily due to the repayment of outstanding long-term bond principal and paydown of construction contracts payable as noted above.

Year ended September 30,
Revenues:	2018	2017	Change	
Charges for services	$	2,332,440	$	1,599,796	$	732,644	
Grants and contributions	22,451	7,464	14,987	
General revenues:				
Rental revenues	52,113		52,113	
Total revenues	2,407,004	1,607,260	799,744	
Expenses:				
General government	84,413	90,701	(6,288)	
Maintenance and operations	9,245	8,289	956	
Interest	3,137,300	2,281,818	855,482	
Bond issue costs		759,597	(759,597)	
Total expenses	3,230,958	3,140,405	90,553	
Change in net position	(823,954)	(1,533, 145)	709,191	
Net position (deficit), beginning	(5,530,844)	(3,997,699)	(1,533,145)	
Net position (deficit), ending	$	(6,354,798)	$	(5,530,844)	$	(823,954)	

The following schedule compares the Statement of Activities for the current and previous fiscal year.

Program revenues:

For more detailed information, see the accompanying Statement of Activities.
Revenues and expenses increased from the prior year by approximately $800,000 and $91,000, respectively. The increase in revenues was primarily due to the increase in debt service fund assessments received from the developer while the increase in expenses primarily resulted from an increase in interest payments on outstanding debt. The overall result was an $823,954 decrease in net position for the fiscal year 2018.

THE DISTRICT'S FUNDS
As the District completed the year, its governmental funds (as presented in the balance sheet on page 10) reported a combined fund balance of $2,911,397, which is a decrease from last year's balance that totaled $5,882,555. Significant transactions are discussed below.

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Celebration Pointe No.1 Community Development District
Management's Discussion and Analysis

•	The District paid principal and interest expenditures of $575,000 and approximately $3.1 million, respectively.

The overall decrease in fund balance for the year ended September 30, 2018 totaled approximately
$3 million.

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2018, the District had approximately $53.9 million invested in capital assets. This amount represents an increase of approximately $1.6 million from the fiscal year 2017 total.

A listing of capital assets by major category for the current and prior year follows:
September 30,	2018	2017	Change	
Capital assets not being depreciated	$	53,857,225	$	52,219,685	$	1,637,540	

More information about the District's capital assets is presented in Note 3 to the financial statements.
Debt

At September 30, 2018, the District had approximately $63 million of bonds outstanding. This amount represents a decrease of $575,000 from the fiscal year 2017 total.

A Ii-sting of debt amounts outstanding for the current and prior year is as follows:
September 30,	2018	2017	Change	
Capital Improvement Revenue Bonds: Series 2014	
$	32,605,000	$	
33,180,000	
$	(575,000)	
Series 2017	30,245,000	30,245,000		
	$	62,850,000	$	63,425,000	$	(575,000)	

More information about the District's long-term debt is presented in Note 4 to the financial statements.

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Celebration Pointe No.1 Community Development District
Management's Discussion and Analysis
GOVER NMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown at page 23.
The District experienced favorable variances in revenues and expenditures as compared to the budget in the amounts of $29,491 and $14,342, respectively. The variance in revenues is primarily due to the District leasing commercial space and receiving the related rental revenues during the current fiscal year. The variance in expenditures is primarily due to fewer maintenance and operations expenditures incurred than anticipated.

FUTURE FINANCIAL FACTORS

Celebration Pointe No.l Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establishes policy and sets assessment rates. Assessment rates and developer contribution amounts for fiscal year 2019 were established to provide for the operations of the District as well as the necessary debt service requirements.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District's finances. If you have questions about this report or need additional financial information, contact Celebration Pointe No.1 Community Development District's management company at 12051 Corporate Blvd, Orlando, Florida 32817.

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Basic Financial Statements

Celebration Pointe No.1 Community Development District
Statement of Net Position
September 30,	2018

Cash and cash equivalents	$	5,100,300	
Prepaid expenses	2,828	
Capital assets:		
Not being depreciated	53,857,225	

Assets

Total assets

Liabilities

58,960,353

Accounts payable	2,190,109	
Accrued interest payable	1,306,612	
Non-current liabilities:		
Due within one year	1,065,000	
Due in more than one year	60,751,808	

Total liabilities	
65,313,529	

Deferred inflows of resources
Deferred revenue

Total deferred inflowsof resources

Net position

1,622

1,622

Net investment in capital assets	(5,193,579)	
Restricted for:
Capital projects	
101,483	
Unrestricted	(1,262,702)	

Total net position (deficit)	$	(6,354,798)

The accompanying notes are an integral part of thesefinancial statements.
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Celebration  Pointe No.1 Community Development District
Statement of Activities

Year ended September 30,

2018

Net (Expense) Revenue and

Charges for

Program	Changes in
Revenues	Net Position
Operating
Grants and	Governmental

Functions/Programs	Expenses	Services	Contributions	Activities	
Primary government:					
Governmental activities:					
General government	$	{84,413)	$ 2,332,440	$	-	$	2,248,027	
Maintenance and operations	{9,245)			(9,245)	
Interest	(3,137,300)		22,451	(3,114,849)	

Total governmental activities

$ {3,230,958) $ 2,332,440	$	22,451	{876,067)

General revenues
 	Rental revenue	52,113 

Change in net position	(823,954)

Net position (deficit) - beginning of year	(5,530,844)

Net position (deficit) - end of year	$	(6,354,798)

The accompanying notes are an integralpart ofthesefinancial statements.
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Celebration Pointe No.1 Community Development District
Balance Sheet - Governmental Funds
September 30,	2018

Assets	General	Debt Service	Projects	Funds	
Cash and cash equivalents	$	76,153	4,922,664	$	101,483	$	5,100,300	
Prepaid expenditures	2,828			2,828	
Total assets	$	78,981	$	4,922,664	$	101,483	$	5,103,128	
liabilities, Deferred Inflowsof					
Resources and Fund Balances					
Liabilities
Accounts payable	
$	33,526	$	-	$	-	
$	33,526	
Retainage payable		2,156,583	2, 156,583	
Total liabilities	33,526	2,156,583	2,190,109	

Deferred inflows of resources					
Deferred revenue	1,622	1,622	
Total deferred inflows of resources	1,622	1,622	
Fund balances					
Nonspendable	2,828			2,828	
Restricted for debt service		4,922,664		4,922,664	
Unassigned	41,005		(2,055,100)	(2,014,095)	
Total fund balances	43,833	4,922,664	(2,055,100)	2,911,397	

Total Capital	Governmental

Total liabilities, deferred inflows of
resources and fund balances	$	78,981	$    4,922,664    $	101,483	$

The accompanying notes are an integral part ofthesefinancial statements.
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5,103,128

Celebration Pointe No.1 Community Development District Reconciliation of the Balance Sheet of Governmental Funds to the Statement of
Net Position

September 30,	2018	

Total fund balances, governmental funds	
$	2,911,397	
Capital assets used in governmental activities are not financial resources and		
therefore are not reported in the fund financial statements.	53,857,225	
Liabilities not due and payable from current resources, including accrued interest, are not reported in the fund financial statements.	
(63,123,420)	
Total net position (deficit) - governmental activities	$	(6,354,798)	

The accompanying notes arean integral part ofthesefinancial statements.
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Celebration Pointe No.1 Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds

Year ended September 30,	2018

Tota Capital	Governmental

Developer contributions	$ 85,378	$ 2,247,062	$	$	2,332,440	
Rental revenues	52,113			52,113	
Interest and other revenues		20,822	1,629	22,451	
Total revenues	137,491	2,267,884	1,629	2,407,004	

Revenues

General	Debt Service	Projects	Funds

Expenditures

General government	84,413		84,413	
Maintenance	9,245		9,245	
Debt service:				
Principal		575,000	575,000	
Interest
Capital outlay		3,071,964	3,071,964
1,637,540	1,637,540	
Total expenditures	93,658	3,646,964	1,637,540	5,378,162	
Excess {deficit) of revenues over expenditures	
43,833	
{1,379,080)	
{1,635,911)	
{2,971,158)	
Other Financing Sources (Uses)					
Operating transfer in		{49,929)			
Operating transfer out			49,929	49,929	
Total other financing sources {uses)			49,929		
Fund balances (deficit), beginning of year		6,351,673	{469,118)	5,882,555	
Fund balances {deficit), end of year	$ 43,833	$ 4,922,664	
$ (2,055,100)	$	2,911,397	

Current:

{49,929)

The accompanying notes are an integral part of thesefinancial statements.
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Celebration Pointe No.1 Community Development District Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities

Year ended September 30,	2018	

Net change in fund balances - governmental funds	
$	(2,971,158)	
Capital outlay, reported as expenditures in the governmental funds, is		
shown as capital assets on the Statement of Net Position.	1,637,540	
Repayment of bond principal is an expenditure in the governmental funds,		
but the repayment reduces long-term liabilities in the Statement of Net Position.	
575,000	
Amortization of original issue discount is not recognized in the		
governmental fund statement but is reported as an expense in the Statement of Activities.	
(36,187)	
The change in accrued interest between the current and prior year is		
recorded on the Statement of Activities but not on the fund financial		
statements.	(29,149)	

Change in net position of governmental activities	
$	(823,954)	

The accompanying notes are an integralpartofthesefinancial statements.
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Celebration Pointe No.1 Community Development District
Notes to Financial Statements

NOTE 1 - NATURE OF ORGANIZATION

Celebration Pointe No.l Community Development District (the "District") was created on December 11, 2012 to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by Alachua County Ordinance #2012-17. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

The District is governed by a Board of Supervisors ("Board"), which is comprised of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. A majority of the supervisors are affiliated with Celebration Pointe Partners, LLC, the Developer. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.
The Board has the final responsibility for:
1.	Assessing and levying assessments.
2.	Approving budgets.
3.	Exercising control over facilities and properties.
4.	Controlling the use of funds generated by the District.
5.	Approving the hiring and firing of key personnel.
6.	Financing improvements.
In evaluating how to define the government, for financial reporting purposes, management has considered all potential component units. The decision to include or exclude a potential component unit in the reporting entity was made by applying the criteria set forth by Generally Accepted Accounting Principles {GAAP) as defined by the Governmental Accounting Standards Board (GASB). Based on the foregoing criteria, no potential component units were found.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following is a summary of the more significant policies:
Government-wide and Fund FinancialStatements
The basic financial statements include both government-wide and fund financial statements.

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all the non-fiduciary activities of the primary government. Governmental activities, which normally are supported by assessments, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The business-type activities are reported separately in government-wide financial statements; however, at September 30, 2018, the District did not have any significant businesstype activities. Therefore, no business-type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or directly benefit from goods or services) are reported as general revenues.

Separate financial statements are provided for governmental funds. Major individual governmental funds are reported as separate columns in the fundfinancial statements.

Measurement Focus, Basis ofAccounting and Basis ofPresentation

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

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

Assessments, including debt service assessments along with operation and maintenance assessments, are non-ad valorem special assessments imposed on all lands located within the District and benefited by the District's activities, operation and maintenance. Assessments are levied and certified for collection by the District prior to the start of the fiscal year which begins October pt and ends on September 3 0th. Operation and maintenance special assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series ofbonds issued bythe District.

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Developer contributions, assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the District.
The District reports the following major governmental funds:
General Fund - The General Fund is the primary operating fund of the District. It is used to account for all financial resources except those required to be accounted for in other funds.
Debt Service Fund - The Debt Service Fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund - This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.
For the year ended September 30, 2018, the District does not report any proprietary funds.
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, then unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government's policy to use committed resources first, followed by assigned resources, then unassigned resources as needed.
Cash, Deposits and Investments
The District maintains deposits with "Qualified Public Depositories" as defined in Chapter 280, Florida Statutes. All Qualified Public Depositories must place with the Treasurer of the State of Florida securities in accordance with collateral requirements determined by the State's Chief Financial Officer. In the event of default by a Qualified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessments between all Qualified Public Depositories.
Under this method, all the District's deposits are fully insured or collateralized at the highest level of security as defined by GASB, Statement Number 40, Deposits and Investment Disclosures (An AmendmentofGASB, Statement Number 3).

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others, direct obligations of the United States Treasury; the Local Government Surplus Funds Trust as created by Section 218.405, Florida Statutes; SEC registered money market funds with the highest credit quality rating from a nationally recognized rating agency; and interest-bearing time deposits or savings accounts in authorized financial institutions.
CapitalAssets
Capital assets, which include primarily infrastructure assets (e.g., roads, sidewalks, water management systems and similar items), are reported in the governmental activities column in the government wide financial statements. Capital assets are defined by the District as assets with an initial/individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost and estimated historical cost if purchased or constructed. Donated 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 asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment of the primary government are depreciated using the straight-line method over the estimated useful lives. Estimated useful lives for financial reporting purposes are as follows: infrastructure- parking garage: 50 years.
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
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 over the life of the bonds using the straight line or effective interest method. Bonds payable are reported net of these premiums or discounts. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as current period expenses.
In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of the debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Deferred Outflows/Inflows ofResources
In addition to assets, the statement of net position and/or balance sheet - governmental funds will sometimes include a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District does not have any of this type of item at September 30, 2018.

In addition to liabilities, the statement of net position and/or balance sheet - governmental funds will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District only has one item, deferred revenues, which qualify for reporting in this category. Deferred revenues represent contributions received from the developer relating to items c�nsidered expenditures of the next fiscal period.
Fund Equity
Net position in the government-wide financial statements represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of resources and is categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents assets related to infrastructure and property, plant and equipment, net of any related debt. Restricted net position represents the assets restricted by the District's bond covenants.
Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned, or unassigned. Nonspendable fund balance cannot be spent because of its form. Restricted fund balance has limitations imposed by creditors, grantors, or contributors or by enabling legislation or constitutional provisions. Committed fund balance is a limitation imposed by the District board through approval of resolutions. Assigned fund balance is a limitation imposed by a designee of the District board. Unassigned fund balance in the General Fund is the net resources in excess of what can be properly classified in one of the above four categories. Negative unassigned fund balance in other governmental funds represents excess expenditures incurred over the amounts restricted, committed, or assigned to those purposes.
Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those· estimates.

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Celebration  Pointe No.1 Community Development District
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANTACCOUNTING POLICIES (CONTINUED)
Prepaid Expenses
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid expenditures on the Statement of Net Position and Balance Sheet - Governmental Funds. These items will be expensed over the applicable usage period.
Budgets
The District is required to establish a budgetary system and an approved annual budget. Annual budgets are legally adopted on a basis consistent with GAAP for the General Fund. Any revision to the budget must be approved by the District Board. The budgets are compared to actual expenditures. In instances where budget appropriations and estimated revenues have been revised during the year, budget data presented in the financial statements represent final authorization amounts.

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

A. Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
8.	A public hearing is conducted to obtain comments.
C.	Prior to October 1, the budget is legally adopted by the District Board.
D.	All budget changes must be approved by the District Board.
E.	Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

NOTE 3 - CAPITAL ASSETS

The following is a summary of changes in the capital assets for the year ended September 30, 2018:

Beginning		Transfers and		Ending Balance	Additions		Conveyances	Balance
Governmental Activities:
Capital assets not being depreciated
Land	$  8,779,798  $	$	$ 8,779,798
Infrastructure under construction	43,439,887		1,637,540			45,077,427 Governmental activities capital assets, net $ 52,219,685	$1,637,540	$	- $53,857,225

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements

NOTE 3 - CAPITAL ASSETS (Continued)

The infrastructure intended to serve the District has been estimated at a total cost of $125,651,114. The infrastructure will include rights of way acquisitions, 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 wastewater 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 of the 2014 Bonds are referred to collectively as the "2014 Project." As part of the improvement plan, certain right-of-way acquisitions are required. These right-of-ways are needed for the transportation-related components of the improvement plan. Certain right of way acquisitions have been completed by the District using the proceeds of the 2014 Bonds.

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 the proceeds of the 2017 Bonds are referred to collectively as the "2017 Project." The total cost of the 2017 Project is estimated at $25,155,275.
In connection with the 2014 and 2017 projects, ifthe amount by which the cost of the 2014 or 2017 projects or portion thereof to be conveyed by the Developer to the District pursuant to the Acquisition Agreement exceeds the amount actually paid by the District for the 2014 or the 2017 project or portion thereof from proceeds of the Series 2014 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, 2018, the District has not yet determined if a liability exists for deferred obligations/costs.

NOTE 4- BONDS PAYABLE

In December 2014, the District issued $33,730,000 of Special Assessment Revenue Bonds, Series 2014, with interest rates that range from 4.75% to 5.125%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is due semiannually on each May 1 and November 1. Principal on the Series 2014 Bonds is due serially commencing on May 1, 2017 through May 1, 2045.

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements

NOTE 4- BONDS PAYABLE (CONTINUED)

The 2014 Bonds are payable from and secured by the 2014 Pledged Revenues and the 2014 Pledged Funds. The 2014 Pledged Revenues consist of the revenues derived by the District from the 2014 Assessments and the Transportation Revenues. The Transportation Revenues are revenues pursuant 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, 2014 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 of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.
In May 2017, the District issued $30,245,000 of Special Assessment Revenue Bonds, Series 2017, with interest rates that range from 4.00% to 5.00%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is due semiannually on each May 1 and November 1. Principal on the Series 2017 Bonds is due serially commencing on May 1, 2019 through May 1, 2048.

The Series 2017 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

A portion of the Transportation Revenues pledged to the payment of the 2014 Bonds pursuant to the First Supplemental Indenture is expected to be available to pay the 2017 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 a part of the 2017 Trust Estate and the 2017 Bonds are not secured by a lien on or pledge of the Transportation Revenues and the Transportation Improvement Fund. Transportation Revenues may not be available to pay the 2017 Bonds under certain circumstances and are not expected to be available after September 30, 2035 under the terms of the Transportation Agreement.

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements

NOTE 4 - BONDS PAYABLE (CONTINUED)

The balance of the long-term bonds at September 30, 2018 is summarized as follows:

September 30,	2018	
Bond principal balance	$	62,850,000	
Less unamortized bond discount	(1,033,192)	
	$	61,816,808	

Long-term liability activity for the year ended September 30, 2018, was as follows:

	Beginning
Balance	
Additions	Reductions	Ending
Balance	Due Within
One Year	
Governmental Activities					
Bonds Payable:
Series 2014	
$	33,180,000	
$	$ (575,000)	
$ 32,605,000	
$	605,000	
Series 2017	30,245,000		30,245,000	460,000	
	$	63,425,000	$	-	$ (575,000)	$62,850,000	$	1,065,000	

At September 30, 2018, the scheduled debt service requirements on long-term debt were as follows:
Total Debt
Year  Ending September 30,	Principal	Interest	Service
2019	$	1,065,000	$	3,117,469	$	4,182,469	
2020	1,110,000	3,069,531	4,179,531	
2021	1,160,000	3,019,606	4,179,606	
2022	1,215,000	2,967,456	4,182,456	
2023	1,270,000	2,907,194	4,177,194	
2024 - 2028	7,355,000	13,514,131	20,869,131	
2029 - 2033	9,400,000	11,437,781	20,837,781	
2034 - 2038	12,040,000	8,769,738	20,809,738	
2039 - 2043	15,465,000	5,315,025	20,780,025	
2044 - 2048	12,770,000	1,225,875	13,995,875	
	$	62,850,000	$	55,343,806	$	118,193,806	

The Bond Indentures have certain 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 agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District is in compliance with the requirements of the bond indentures.

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Celebration Pointe No.1 Community Development District
Notes to Financial Statements

NOTE 5 - 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 maintains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. Settled claims have not exceeded this commercial coverage in the previous three years.

NOTE 6 - 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 7 - TRANSPORTATION ASSIGNMENT AGREEMENT

The County and the Developer entered into an agreement effective October 24, 2011 entitled the Southwest Transportation Improvement Agreement. Under the terms of the agreement, the Developer is entitled to certain reimbursements for transportation mitigation credits. The Developer has assigned to the District its right to receive the first $8 million of funds generated by the agreement ("Transportation Revenues"). The Series 2014 Bond Indenture provides for the Transportation Revenues to be deposited into the Transportation Improvement Fund and semi­ annually applied, to the extent available, the pay debt service on the Series 2014 Bonds prior to the application of Series 2014 Bond assessments for that purpose.

NOTE 8 - CONCENTRATION

A significant portion of the District's activity is dependent upon the continued involvement of the Developer, Celebration Pointe Partners, LLC, the loss of which could have a material adverse effect on the District's operations.

The Developer has agreed to fund the general fund operations of the District. In connection with that agreement, Developer contribution revenue for the year ended September 30, 2018 totaled
$85,378.

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Required Supplemental Information (Other Than MD&A)

Celebration Pointe No.1 Community Development District Budget to Actual Comparison Schedule - General Fund

Year ended September 30,	2018	
Originaland	Variance with	
 	Final Budget	Actual Amounts	Final Budget	
Revenues
Developer contributions	$	108,000	
$	85,378	
$	(22,622)	
Rental revenues	52,113	52,113	
Total revenues	108,000	137,491	29,491	

Expenditures
General government	88,250	
84,413	
3,837	
Maintenance	19,750	9,245	10,505	
Total expenditures	108,000	93,658	14,342	
Excess of revenues over			
expenditures	$	-	$	43,833	$	(43,833)	

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C R I 

�l:G: :
INGRAM
CPAs  and Advisors

Carr, Riggs & Ingram, LLC Certified Public Accountants 500 Grand Boulevard
Suite 210
Miramar Beach, Florida 32550
(850) 837-3141
(850) 654-4619 (fax)
CRlepa.com

INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENTAUDITING STANDARDS
To the Board of Supervisors
Celebration Pointe No.l Community Development District 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 No.l Community Development District (hereinafter referred to as the "District"), as of and for the year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our report thereon dated June XX, 2019.
Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.

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

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

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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 grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District'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 District's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

CARR, RIGGS & INGRAM, LLC
Miramar Beach, Florida June XX, 2019

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C RI 

�1:G: :
INGRAM
CPAs and Advisors

To the Board of Supervisors

MANAGEMENT LETTER

Carr, Riggs & Ingram, LLC

Public

Suite 210

C5e0r0tifiGeradnd BouAlecvcaorudntants

CRlcpa.com

Miramar Beach, Florida 32550 (850) 865347--34164191 (fax)

Celebration Pointe No.1 Community Development District Alachua County, Florida
Report on the Financial Statements
We have audited the financial statements of Celebration Pointe No.1 Community Development District {"District") as of and for the fiscal year ended September 30, 2018, and have issued our report thereon dated June XX, 2019.
Auditors' Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reports and Schedule
We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountants' Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those report, which are dated June XX, 2019, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554{l){i)l., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual audit report.
Official Title and Legal Authority
Section 10.554{1){i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.

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Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management's responsibility to monitor the District's 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.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.
Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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 ofthose charged with governance. In connection with our audit, we did not note any such findings.
Purpose ofthis Letter

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

CARR, RIGGS & ING RAM, LLC
Miramar Beach, Florida June XX, 2019
(

- 28 -

CRI 

�l:G: :
INGRAM
CPAs and Advisors

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

Carr, Riggs & Ingram, LLC Certified Public Accountants 500 Grand Boulevard
Suite 210
Miramar Beach, Florida 32550

(850) 837-3141
(850) 654-4619 (fax)
CRlcpa.com

We have examined Celebration Pointe No.1 Community Development  District's  compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during
the year ended September 30, 2018. Management is responsible for the District's compliance with those requirements. Our responsibility is to express an opinion on the District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and performed the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent ofthe procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a  reasonable  basis for our opinion.

Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the  aforementioned requirements for the year ended September 30, 2018.

This report is intended solely for the information and use of management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June XX, 2019

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CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1

Consideration of Agreement for Infrastructure Management and Maintenance Services

AGREEMENT BETWEEN THE CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1 AND THE CELEBRATION POINTE HOLDINGS, LLC FOR INFRASTRUCTURE MANAGEMENT AND MAINTENANCE SERVICES
THIS AGREEMENT is made and entered into this 2nd day of July, 2019, by and between:
Celebration Pointe Community Development District No. 1, a local unit of special­ purpose government established pursuant to Chapter 190, Florida Statutes, located in Alachua County, Florida (the "District")
and
Celebration Pointe Holdings, LLC, a Florida limited liability (the "CPH").
RECITALS
WHEREAS, the District is a local unit of special-purpose government established to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge and extend, equip, operate and maintain systems, facilities and infrastructure in conjunction with the development of lands within the District; and
WHEREAS, the District has constructed and/or acquired various lands, systems, facilities and infrastructure and other facilities requiring inspection, operation and maintenance services; and

WHEREAS, the District desires to provide efficient inspection, operation and maintenance and management services for certain improvements and areas owned by the District and located within the Gainesville community ("District Property"), as more specifically identified in the attached Exhibit "A"; and
WHEREAS, the CPH is a Florida corporation, owning, operating and maintaining various improvements and facilities in close proximity to District Property; and
WHEREAS, the CPH currently engages maintenance and management contractors and other contractors who serve in close proximity to District Property; and
WHEREAS, for ease of administration, cost savings, and to obtain the benefits of full­ time on-site inspection, operation, management and maintenance personnel, the District desires to contract with the CPH to manage and maintain the District Property identified in Exhibit "A"; and
WHEREAS, the CPH represents that it is qualified, through its officers, employees, contractors andaffiliates, to manage and maintain the District Property and desires to contract with the District to do so in accordance with the terms ofthis Agreement between the District and the CPH for Infrastructure Management and Maintenance Services (the "Agreement").

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NOW, THEREFORE, in consideration of the recitals, agreements and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the District and CPH (collectively, the "Parties"), the Parties agree as follows:
SECTION 1. RECITALS. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Agreement.
SECTION 2. CPH'S OBLIGATION.
A.	General duties. CPH shall be responsible for the management and maintenance of District Property in an efficient, lawful and satisfactory manner and in accordance with the District's bond covenants relating to such maintenance. CPH will act in a fiduciary capacity with respect to the protection and accounting of the District's assets. CPH's management shall include primary management responsibility for all structured parking garages owned or jointly owned by the District.
B.	Inspection. CPH shall conduct regular inspections ofall District Property and report any irregularities to the District Manager, or his designated representative, and shall correct any irregularities in accordance with the terms of this Agreement.
C.	Repair and Maintenance. CPH shall make, or cause to be made, such routine repair work or normal maintenance to District Property as may be required for the operation or physical protection of District Property. CPH's maintenance responsibility shall specifically include maintenance of traffic controls and regulatory signs, directional signs and project signs located in the right of way controlled by the District or other jurisdictions. CPH shall promptly cause emergency repairs to be made when such repairs are necessary for the preservation and safety of persons and/or property, or when the repairs are required to be made to avoid the suspension of any services. CPH shall immediately notify the District Manager, or a designated representative, concerning the need for emergency repairs.
D.	Investigation and Report ofAccidents/Claims. CPH shall promptly investigate and provide a full written report to the District Manager as to all accidents or claims for damage relating to the management of the District and maintenance and operation of District Property. Such report shall at a minimum include a description of any damage or destruction of property and the estimated cost of repair. CPH shall cooperate and make any and all reports required by any insurance company or the District in connection with any accident or claim. CPH shall not file any claims with the District's insurance company without the prior consent of the District Manager or his designee.
E.	Compliance with Government Rules, Regulations, Requirements and Orders. CPH shall take such action as is necessary to comply promptly with any and all orders or requirements affecting District Property placed thereon by any governmental

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authority having jurisdiction over any District Property. CPH shall immediately notify the District Manager and District Counsel in writing of all such orders or requirements. At the request of the District, CPH shall prepare for execution and filing by the District any forms, reports or returns which may be required by law in connection with the ownership, maintenance and operation of the District Property.
F.	Adherence to District Rules, Regulations and Policies. The District shall provide, at the time of the execution of this Agreement, a list of District rules, regulations, and policies, if any, related to the District Property. CPH's contractors shall be familiar with any and all District policies and procedures, if any, and shall ensure that all persons using District Property are informed with respect to the rules, regulations and notices as may be promulgated by the District from time to time and ensure that said persons conform therewith. CPH may adopt such policies and procedures as it deems necessary to the fulfillment of its obligations under this Agreement provided that copies of such policies and procedures shall be provided to the District at all times. CPH assures the District that all third parties will be dealt with at arm's length, and that the District's interest will be best served at all times.
G.	Care ofProperty. CPH shall use all due care to protect the District Property and its landowners  from damage by CPH,  or its contractors.  CPH agrees  to  repair any damage resulting from CPH's activities and work.

H.	Standard of Care. CPH shall be solely responsible for establishing maintenance specifications for the District Property, so long as such standards comply with orders or requirements placed thereon by any governmental authority having jurisdiction over the District Property.

I.	Staffing. CPH shall be solely responsible for contractor engagement, retention, and vendor selection processes necessary to perform the management and maintenance responsibilities set forth in this Agreement. CPH shall also be solely responsible for the supervision of such vendors and contractors retained to perform these responsibilities.
SECTION 3. NO COMPENSATION DUE. The District shall not be required to pay the CPH for the provision ofmanagement and maintenance services provided pursuant to the terms of this Agreement. The CPH shall privately assess properties within the District for the cost of the management and maintenance services provided and the private assessments shall take the place ofpublic maintenance assessments that could otherwise be levied by the District.
SECTION 4. TERM. The term of this Agreement is for a period of ten (1 0) years commencing on March 1, 2019. Both the District and the CPH shall have the right to terminate this Agreement effective immediately at any time due to CPH's failure to perform in accordance with the terms of this Agreement, or upon thirty (30) days written notice without a showing of cause.

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SECTION 5. INSURANCE. The CPH shall maintain, at its own expense throughout the term of this Agreement, the following insurance with the District, its staff, consultants and supervisors shall be named as an additional insured:
A.	Worker's Compensation Insurance in accordance with the laws of the State of Florida.
B.	Commercial General Liability Insurance covering the CPH's legal liability for bodily injuries, with limits of not less than $1 ,000,000 combined single limit bodily injury and property damage liability, and covering at least the following hazards:
C.	Employer's Liability Coverage with limits of at least $1 ,000,000 (one million dollars) per accident or disease.
D.	Automobile Liability Insurance for bodily injuries in limits of not less than
$1,000,000 combined single limit bodily injury and for property damage, providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by the CPH of any owned, non-owned, or hired automobiles, trailers, or other equipment required to be licensed.
SECTION 6. INDEMNIFICATION. CPH agrees to indemnify and hold harmless the District and its officers, agents and employees from any and all liability, claims, actions, suits or demands by any person, corporation or other entity for injuries, death, property damage or of any nature, arising out of, or in connection with, the work to be performed by CPH, including litigation or any appellate proceedings with respect thereto.
SECTION 7. LIMITATIONS ON GOVERNMENTAL LIABILITY. Nothing in this
Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes or other statute, and nothing in this Agreement shall inure to the benefit ofany third party for the purpose ofallowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
SECTION 8. ASSIGNMENT. Neither the District nor the CPH may assign this Agreement without the prior written approval ofthe other.
SECTION 9. INDEPENDENT CONTRACTOR STATUS. In all matters relating to this Agreement, the CPH shall be acting as an independent contractor. Neither the CPH nor contractors or vendors ofthe CPH, if there are any, are contractors or vendors ofthe District under the meaning or application of any Federal or State Unemployment or Insurance Laws or Old Age Laws or otherwise. The CPH shall not have any authority to assume or create any obligation, express or implied, on behalf of the District and the CPH shall have no authority to represent the District as an agent, employee, or in any other capacity, unless otherwise set forth in this Agreement. Nothing herein shall preclude the CPH and the District from entering into separate agreements for the leasing of personnel or sharing of other resources.

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SECTION 10. HEADINGS FOR CONVENIENCE ONLY. The descriptive headings in this Agreement are for convenience only and shall neither control nor affect the meaning or construction of any of the provisions of this Agreement.
SECTION 11. AGREEMENT. This instrument shall constitute the final and complete expression of this Agreement between the District and CPH relating to the subject matter of this Agreement.
SECTION 12. AMENDMENTS. 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 the District and the CPH.
SECTION 13. AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of the District and the CPH, both the District and the CPH have complied with all the requirements of law, and both the District and the CPH have full power and authority to comply with the terms and provisions of this instrument.
SECTION 14. NOTICES. All notices, requests, consents and other communications under this Agreement ("Notices") shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows:
A.	If to the District:
PFM Group Consulting, LLC District Manager
12051 Corporate Boulevard
Orlando, Florida 328 17
With a copy to:
Cobb Cole

A.

231 North Woodland Boulevard DeLand, Florida 32720
Attn: Mark	Watts, Esq.
B.	If to the CPH:
Svein H. Dyrkolbotn SHD Development, LLC 2579 S.W. 87th Drive
Gainesville, Florida 32608
With a copy to:
James J. Stockman, Esq. 2579 SW 871h Drive Gainesville, Florida 32608
Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place

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of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the CPH may deliver Notices on behalfof the District and the CPH. Anyparty or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.
SECTION 15. THIRD PARTY BENEFICIARIES. This Agreement is solely for the benefit ofthe District and the CPH and no right or cause ofactionshall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the District and the CPH any right, remedy, or claim under or by reason of this Agreement or any ofthe provisions or conditions ofthis Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the District and the CPH and their respective representatives, successors, and assigns.
SECTION 16. CONTROLLING LAW. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws ofthe State of Florida.
SECTION 17. PUBLIC RECORDS. The CPH understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records and shall be treated as such in accordance with Florida law.
SECTION 18. SEVERABILITY. The invalidity or unenforceability of anyone or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions ofthis Agreement, or any part of this Agreement not held to be invalid or unenforceable.
SECTION 19. ARM'S LENGTH TRANSACTION. This Agreement has been negotiated fully between the District and the CPH as an arm's length transaction. The District and the CPH 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 any doubtful language will not be interpreted or construed against any party.

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IN WITNESS WHEREOF, the parties execute this agreement the day and year first written above.

Attest:

Print Name

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1
By	­
Print Name:	-------
Title: -	------

2nd day of July, 2019

Print Name
STATE OF FLORIDA COUNTY OF	 	_
The	foregoing	instrument	was	acknowledged	before	me	this	 	

day	of

 	, 2019, by 	, as Chair/Vice-Chair of the Board of Supervisors  for  CELEBRATION POINTE COMMUNITY  DEVELOPMENT  DISTRICT
NO. 1, who is personally known and/or produced 		as  identification and
who being duly sworn, deposes and says that the aforementioned is true and correct to his or her best knowledge.

[SEAL]

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Notary Public Commission:

Attest:

Print Name

CELEBRATION POINTE HOLDINGS,
LLC, a Florida liability company

By	­
Print  Name: ----------
Title: -----------

day of _ 	, 2019 

Print Name

STATE OF FLORIDA COUNTY OF ALACHUA
The foregoing instrument was acknowledged before me this 	day of ___	_
2019, by 	of CELEBRATION POINTE HOLDINGS, LLC.  He or she
is personally known to me or has produced 	as identification and who being duly sworn, deposes and says that the aforementioned is true and correct to the best of his or her knowledge.

[SEAL]

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Notary Public Commission:

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1

Resolution 2019-04,
Adopting the Fiscal Year 2020 Budget and Appropriating Funds

RESOLUTION 2019-04
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, 2019, AND ENDING SEPTEMBER 30, 2020.
WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, 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. I ("District"), pursuant to the provisions of Section l90.008(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 l90.008(2)(b), Florida Statutes; and
WHEREAS, the Board set July 2, 20I 9, as the date for a public hearing thereon and caused notice  of such  public hearing to be given  by publication pursuant  to  Section l 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 ofAlachua County for posting on its website; and
WHEREAS, Section l90.008(2)(a), Florida Statutes, requires prior to October l st ofeach 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
a.	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
a.	

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 l 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 2019 and/or revised projections for Fiscal Year 2020.

c.	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, 2020," as adopted by the Board on July 2, 2019.

d.	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 ofAlachua 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, 2019, and ending September  30,   2020,  the sum of $	to be raised by the levy of assessments and otherwise, which sum is deemed by the Board ofSupervisors 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 2014A) DEBT SERVICE FUND (SERIES 2017) 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.

b.	Board may authorize an appropriation from the unappropriated balance of any fund.
c.	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 of any 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 2nd day ofJuly, 2019.

ATTEST:

Secretary/Assistant Secretary

Exhibit A: Fiscal Year 201 9/202 Budget

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. 1

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

Exhibit "A"
Celebration Pointe Community Development District #1
Proposed Annual Operations & Maintenance Budget FY 201 9-2020

FY 2019	Proposed FY
Adopted	2019-2020
Revenues:	Budget	Budget
Developer Funded	$ 120,500.00	$ 148,550.00 Assessments		-		-
Rental Income	-	 	30,300.00
Total Revenues

Expenditures:	$ 120,500.00	$ 178,850.00	
Engineering Fees	$	2,000.00	$	2,000.00	
Trustee Fees	12,000.00	25,000.00	
District Management Fees	30,000.00	30,000.00	
District Counsel Fees	25,000.00	25,000.00	
Audit Fees	6,500.00	6,600.00	
Bond Dissemination Agent	3,000.00	3,500.00	
Assessment Administration (Series 2014A, 2017A and O&M)	-	15,000.00
Reamortization Schedule (Series 2014A and 2017A)	-	500.00	
Property Appraiser	-	75.00	
Travel & Per Diem	1 ,000.00	1,000.00	
Conference Calls	500.00	250.00	
Mailing Expenses	250.00	500.00	
D&O Insurance	2,800.00	2,800.00	
General Insurance	3,500.00	3,500.00	
Property Insurance	4,000.00	4,000.00	
Printing & Binding	600.00	425.00	
Legal Advertising	5,000.00	5,000.00	
Miscellaneous	-	15,000.00	
Dues, Licenses & Fees	200.00	200.00	
Property Taxes	8,400.00	8,400.00	
Electric	2,000.00	2,000.00	
Water	3,300.00	3,500.00	
Dumpster	3,500.00	2,200.00	
Hurricane Cleanup	5,000.00	10,000.00	
Website Maintenance	900.00	2,400.00	
Landscaping Maintenance & Material	1,050.00	10,000.00	
Sales & Use Tax Payable	-	100.00
. Total Expenditures	$ 120,500.00	$ 178,850.00
  Income (Loss) from Operations	$	-	$	-

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1

Fiscal Year 2019-2020 Funding Agreement

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. 1 FISCAL YEAR 2019-2020 FUNDING AGREEMENT

This Agreement is made and entered into this 2nd day ofJuly 2019, 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 190, 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 2019- 2020, which year commences on October l, 2019, and concludes on September 30, 2020; 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 2019-2020 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:
I. 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 201 9-2020 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 mi�ht otherwise be levied or imposed by the District.
2.	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 ofthe provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.
3.	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.
4.	This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.
5.	A default by either party 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 ofthe provisions contained in this Agreement may be made only by an instrument in writing which is executed by both oftheparties hereto.
6.	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 ofany such sale or disposition.

7.	This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws ofthe State ofFlorida.

8.	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.

9.	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

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

Attest:

Secretary/Assistant Secretary

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT No. I

By: 	_	_

Its:	-------

Witness

CELEBRATION POINTE HOLDINGS,
LLC, a Florida limited liability limited company
By: ----------
Its: ---------

Exhibit A	Property Description
Exhibit B	Fiscal Year 20 I9-2020 General Fund Budget

4

EXHIBIT "A"

CELEBRATION POINTE COD No. 1 REVISED BOUNDARY

2
3
4	PARCEL 1
5
6	A PARCEL OF LAND LYING IN SECTIONS 1 0, 15 ANO 22, TOWNSHIP 10 SOUTH,
7	RANGE 1 9 EAST, ALACHUA COUNTY, FLORIDA, BEING MORE PARTICULARLY
8	DESCRIBED AS FOLLOWS:
9
10	COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 15 FOR A POINT
11	OF REFERENCE: THENCE RUN SOUTH 89 °58'56" WEST, ALONG THE SOUTH
12	LINE OF SAID SECTION 1 5, A DISTANCE OF 923.35 FEET TO THE INTERSECTION
13	WITH THE EASTERLY RIGHT OF WAY LINE OF SW 45TH STREET (RIGHT OF WAY
14	WIDTH VARIES): AND TO THE POINT OF BEGINNING; THENCE RUN SOUTH
15	31°35'14" EAST. ALONG SAID EASTERLY RIGHT OF WAY LINE A DISTANCE OF
16	417.29 FEET TO A POINT ON THE NORTHWESTERLY RIGHT OF WAY LINE OF
17	STATE ROAD NO. 24 (RIGHT OF WAY WIDTH VARIES); THENCE RUN SOUTH
18	57°56'18" WEST, ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE, A
19	DISTANCE OF 299.32 FEET: THENCE RUN NORTH 31 °31'11" WEST, A DISTANCE
20	OF 1 92.49 FEET: THENCE RUN NORTH 58°28'49" EAST, A DISTANCE OF 1 99.73
21	FEET: THENCE RUN NORTH 31 °35'14" WEST. A DISTANCE OF 1 92.50 FEET:
22	THENCE RUN SOUTH 57°58'13" WEST A DISTANCE OF 0.64 FEET: THENCE RUN NORTH 31 °35'14" WEST, A DISTANCE OF 189.97 FEET TO THE BEGINNING OF A
24	CURVE CONCAVE TO THE NORTHEAST, HAVING A RADIUS OF 750.00 FEET:
25	THENCE  NORTHWESTERLY ALONG  THE  ARC  OF SAID CURVE	AN ARC
26	DISTANCE OF 191 .68 FEET THROUGH A CENTRAL ANGLE OF 1 4°38'35" SAID
27	CURVE HAVING A CHORD BEARING AND DISTANCE OF NORTH 24°15'56" WEST
28	191.16 FEET TO A POINT ON THE WESTERLY MAINTAINED RIGHT OF WAY LINE
29	OF SW 45TA STREET (PER MAINTENANCE MAP BOOK 2, PAGES 19-25) (RIGHT
30	OF WAY WIDTH VARIES): THENCE RUN THE FOLLOWING SEVEN (7) COURSES
31	ALONG SAID WESTERLY MAINTAINED RIGHT OF WAY LINE: 1) NORTH 37°48'05"
32	WEST, A DISTANCE OF 36. 15 FEET; 2) NORTH 1 7°34'50" WEST, A DISTANCE OF
- 33	41.57 FEET: 3) NORTH 00°30'10" EAST, A DISTANCE OF 214.02 FEET: 4) NORTH
34	05°22'55" WEST, A DISTANCE OF 55.98 FEET: 5) NORTH 04°23'57" EAST, A
35	DISTANCE OF 1 05.44 FEET: 6) NORTH 05°42'10" WEST, A DISTANCE OF 11 2,94 FEET: 7) NORTH 04° 14'10" WEST. A DISTANCE OF 245.02 FEET: THENCE RUN
37	SOUTH 86°27'14" WEST, A DISTANCE OF 183.24 FEET: THENCE RUN SOUTH'
38	89 °08'40" WEST. A DISTANCE OF 85.60 FEET; THENCE RUN SOUTH 85°54'44"
39	WEST, A DISTANCE OF 302.44 FEET; THENCE RUN SOUTH 87°38'23" WEST, A DISTANCE OF 48.53 FEET: THENCE RUN SOUTH 88°53'02" WEST, A DISTANCE
41	OF 44.00 FEET: THENCE RUN NORTH 01 °41'11" WEST, A DISTANCE OF 521.74
42	FEET; THENCE RUN SOUTH 88°25'19" WEST, A DISTANCE OF 1346.43 FEET TO
43	THE EAST LINE .OF THE LAKE KANAPAHA PARCEL: THENCE RUN THE
44	FOLLOWING THIRTEEN (13) COURSES ALONG SAID LAKE KANAPAHA PARCEL
45	BOUNDARY: (1) NORTH 00°25'02" EAST, A DISTANCE OF 940.90 FEET: (2) NORTH 46	21 ° 16'05" EAST, A DISTANCE OF 11 2.29 FEET: (3) NORTH 00°43'49" WEST, A
47	DISTANCE OF  330.00  FEET; (4) SOUTH  89°16'11" WEST, A DISTANCE OF 33.37
Celebration Pointe COD No. I

I	FEET: (5) NORTH 00°21 '06" EAST. A DISTANCE OF 580.62 FEET: (6) NORTH
2	76°07'00" EAST, A DISTANCE OF 24.19 FEET: (7) SOUTH 89°20'53" EAST, A
3	DISTANCE OF 18.48 FEET: (8) NORTH 77°51'27" EAST. A DISTANCE OF 17 .67
4	FEET: (9) NORTH 00°21'55" EAST. A DISTANCE OF 610.74 FEET: (10) NORTH 5	09°17'01" EAST, A DISTANCE OF 731.07 FEET: {1 1) SOUTH 89°18'21" WEST, A
6	DISTANCE OF 11 3.36 FEET; (12) NORTH 00°21 '55" EAST, A DISTANCE OF 494.26
7	FEET: (1 3) SOUTH 89° 16'1 1" WEST, A DISTANCE OF 2198.22 FEET TO THE
8	BOUNDARY OF SPLIT ROCK PARK: THENCE RUN NORTH 00°32'40" WEST,
9	ALONG SAID BOUNDARY, A DISTANCE OF 761.70 FEET: THENCE RUN NORTH JO		89° 17'18" EAST, ALONG SAID BOUNDARY, A DISTANCE OF 2680.57 FEET TO THE
11	WESTERLY RIGHT OF WAY LINE OF INTERSTATE 75 (A 300 FOOT LIMITED
12	ACCESS RIGHT OF WAY): THENCE RUN SOUTH 32°39'55" EAST, ALONG SAID
13	WESTERLY RIGHT OF WAY LINE, A DISTANCE OF 2680.85 FEET: THENCE RUN
14	SOUTH 32°40'19" EAST, ALONG SAID WESTERLY RIGHT OF WAY LINE, A
15	DISTANCE OF 567.74 FEET: THENCE RUN SOUTH 89°20'04" WEST, A DISTANCE
16	OF 351 .16 FEET TO THE EXISTING EASTERLY RIGHT OF WAY LINE OF SW 45TH
17	STREET: THENCE RUN THE FOLLOWING THREE (3) COURSES ALONG SAID
18	EASTERLY RIGHT OF WAY LINE: (1) SOUTH 00°41 '38" EAST, A DISTANCE OF
19	664.45 FEET: (2) SOUTH 88°49'40" WEST, A DISTANCE OF 1.69 FEET: (3) SOUTH
20	00°53'53" EAST, A DISTANCE OF 592.48 FEET TO THE BEGINNING OF A CURVE,
21	CONCAVE TO THE EAST, HAVING A RADIUS OF 650.00 FEET: THENCE
22	SOUTHERLY ALONG THE ARC OF SAID CURVE, AN ARC DISTANCE OF 129.10
23	FEET  THROUGH  A  CENTRAL  ANGLE  OF  11 °22'49", SAID  CURVE  HAVING  A
24	CHORD BEARING AND DISTANCE OF SOUTH 06°35'18" EAST. 1 28.89 FEET TO A
25	POINT ON SAID EASTERLY RIGHT OF WAY LINE: THENCE RUN THE FOLLOWING
26	THREE (3) COURSES ALONG SAID  EASTERLY  RIGHT  OF WAY  LINE:  1} SOUTH
27	38°40'43" EAST, A DISTANCE 88.86 FEET: 2) SOUTH 00°53'53" EAST, A DISTANCE
28	OF 50.82 FEET: 3) SOUTH 00°09'49" WEST, A DISTANCE OF 1 56.94 FEET:
29	THENCE RUN SOUTH 02°59'19" EAST, A DISTANCE OF 157.02 FEET TO A POINT
30	ON SAID EASTERLY RIGHT OF WAY LINE: THENCE RUN THE FOLLOWING
31	THREE (3) COURSES ALONG SAID EASTERLY RIGHT OF WAY LINE:  1) SOUTH
32	02°59'19" EAST A DISTANCE OF 1081.73 FEET TO THE BEGINNING OF A NON-
33	TANGENT CURVE CONCAVE TO THE NORTHEAST. HAVING A RADIUS OF 300.00
34	FEET; 2) SOUTHEASTERLY ALONG THE ARC OF SAID CURVE, AN ARC
35	DISTANCE OF 149.39 FEET THROUGH A CENTRAL ANGLE OF 28°31 '54"1 SAID
36	CURVE HAVING A CHORD BEARING AND DISTANCE OF SOUTH 17°15'19" EAST,
37	147.85 FEET TO THE END OF SAID CURVE: 3) SOUTH 31 °35'14" EAST, A
DISTANCE OF 327.55 FEET TO THE POINT OF BEGINNING.
39
40
41
42	A PARCEL OF LAND LYING IN SECTION 1 5. TOWNSHIP 10 SOUTH, RANGE 19
43	EAST. ALACHUA COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED
44	AS FOLLOWS:
45
46	COMMENCE AT THE SOUTHEAST CORNER OF SAID SECTION 15 FOR A POINT
47	OF REFERENCE: THENCE RUN NORTH 00°58'22" WEST, ALONG THE EAST LINE
Celebration Pointe CDDNo. I

I	OF SAID SECTION 1 5. ALONG THE WESTERLY RIGHT OF WAY LINE OF S.W. 43RD
2	STREET  AND	ALONG	THE	SOUTHERLY	AND	NORTHERLY	EXTENSIONS
3	THEREOF. A DISTANCE OF 1834.29 FEET TO THE SOUTHWESTERLY RIGHT OF
4	WAY LINE OF INTERSTATE HIGHWAY NO. 75 (STATE ROAD NO. 93) (A 300 FOOT
5	LIMITED ACCESS RIGHT OF WAY) AND THE BEGINNING OF A NON-TANGENT
6	CURVE. CONCAVE TO THE SOUTHWEST. HAVING· A RADIUS OF 3725.72 FEET:
7	THENCE	RUN	THE	FOLLOWING	EIGHT	(8)	COURSES	ALONG	SAID
8	SOUTHWESTERLY RIGHT OF WAY LINE: (1) NORTHWESTERLY ALONG THE ARC
9	OF SAID CURVE, AN ARC DISTANCE OF 26.64 FEET. THROUGH A CENTRAL.
10	ANGLE OF 00°24'35". SAID CURVE  HAVING A CHORD BEARING AND DISTANCE
11	OF NORTH 29°06'02" WEST, 26.64 FEET TO THE END OF SAID CURVE: (2) NORTH 12	28°41'17" WEST, A DISTANCE OF 365.62 FEET; (3) NORTH 28°42'45" WEST, A DISTANCE OF 181 .03 FEET: (4) NORTH 32°48'08" WEST, A DISTANCE OF 67.55
14	FEET: (5) NORTH 32°38'42" WEST.  A DISTANCE  OF 672.74 FEET: (6)  NORTH  15	32°39'04" WEST.  A DISTANCE OF 430.86 FEET: (7)  NORTH 32°40'19" WEST,  A
16	DISTANCE OF 567.74 FEET; (8) NORTH 32°39'55" WEST, A DISTANCE OF 1 ,448.30
17	FEET TO THE SOUTHERLY LINE OF A 100 FOOT WIDE POWER LINE EASEMENT ,
18	AS RECORDED I N DEED BOOK 327, PAGE 430 O F THE PUBLIC RECORDS OF
19	ALACHUA COUNTY, FLORIDA; THENCE RUN THE FOLLOWING THREE {3)
20	COURSES ALONG SAID SOUTH LINE: (1) SOUTH 45°07'21" WEST, A DISTANCE
21	OF 507.13 FEET; (2) SOUTH 45° 11 '50" WEST, A DISTANCE OF 479.62 FEET: (3)
22	SOUTH 44°57'38" WEST, A DISTANCE OF 101 .60 FEET; THENCE RUN SOUTH
23	44°51 '05" EAST, A DISTANCE OF 25.15 FEET TO THE POINT OF BEGINNING:
24	THENCE CONTINUE SOUTH 44°51 '05" EAST, A DISTANCE OF 50.00 FEET:
25	THENCE RUN SOUTH 45°08'55" WEST, A DISTANCE OF 50.00 FEET: THENCE
26	RUN NORTH 44°51 '05" WEST. A DISTANCE OF 50.00 FEET: THENCE RUN NORTH
27	45°08'55" EAST, A DISTANCE OF 50.00 FEET TO THE POINT OF BEGINNING.
28	
29

CONTAINING 216.06 ACRES. MORE OR LESS. 30
31	TOGETHER WITH: 32
PARCEL 2
34
35	THAT CERTAIN REAL PROPERTY LYING AND BEING IN ALACHUA COUNTY,
36	FLORIDA. BEING MORE PARTICULARLY DESCRIBEDAS FOLLOWS:
37
38	COMMENCE AT THE SOUTHEAST CORNER OF SECTION 1 5, TOWNSHIP 10 
39	SOUTH,  RANGE  1 9  EAST.  THENCE  RUN  N  22.25  CHS.• THENCE  RUN W  19.25
40	CHS.:  THENCE   RUN   S   18.75   CHS:  THENCE   RUN   N  60°  E   PARALLEL  TO SEABOARD AIRLINE RAILROAD RIGHT-OF-WAY 7.85 CHS.: THENCE RUN S 30° E
6.45 CHS.: THENCE RUN N 60° E 4.24 CHS.; THENCE RUN S 30° E 4.5 CHS. TO S
43	LINE·  THENCE  RUN  E  3  CHS.   TO  THE  POINT  OF  BEGINNING.   LESS  THAT
44	CERTAIN REAL PROPERTY AS DESCRIBED IN INSTRUMENT RECORDED IN
45	DEED BOOK 175, PAGE 216 OF THE PUBLIC RECORDS OF ALACHUA COUNTY,
46	FLORIDA.
47

Celebration Pointe CDD No. I

---------------------- -	- - -

1	AND LESS:
2	ALSO THAT CERTAIN REAL PROPERTY AS DESCRIBED IN INSTRUMENT
3	RECORDED IN O.R. BOOK 47, PAGE 562 OFTHE PUBLIC RECORDS OF ALACHUA
4	COUNTY, FLORIDA. LESS THAT CERTAIN REAL PROPERTY AS DESCRIBED IN
5	. INSTRUMENT  RECORDED   IN   O.R.   BOOK  1232,  PAGE  261   OF  THE  PUBLIC
6	RECORDS OF ALACHUA COUNTY, FLORIDA. AND ALSO LESS THE RIGHT-OF-
7	WAY FOR STATE ROAD 24.
8

9
10
11 
12
13 
14 
15 
16 
17 
18 
19 
20
21 
22
23
2245
2267
28
29
30
31 
32
33
34
35
36
37
38
39
4401
42
43
44
45
46
47

AND ALSO LESS THAT PORTION DESCRIBED IN OFFICIAL RECORDS BOOK 241, PAGE 395, DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTHEAST CORNER OF THE  SOUTHEAST QUARTER
. (SE¼)   OF   SECTION   FIFTEEN   (1 5),   TOWNSHIP   TEN   (10)   SOUTH,   RANGE NINETEEN (19) EAST, AND THENCE RUN SOUTH 00°08'43" WEST 1,165.56 FEET: THENCE RUN NORTH 89°00'00" WEST 1 ,200.34 FEET: THENCE RUN SOUTH 01 °57'00" EAST 432.30 FEET TO THE POINT OF BEGINNING: THENCE RUN SOUTH 01 °57'00" EAST 776.16 FEET: THENCE RUN NORTH 58° 10'00" EAST 490.38 FEET: THENCE RUN NORTH 12°03'03" WEST 536.11 FEET: THENCE RUN NORTH 89°00'00" WEST 310.76 FEET TO THE POINT OF BEGINNING. THE SAME LYING AND  BEING  IN THE  EAST  HALF  OF THE SOUTHEAST QUARTER (SE¼) OF
·	SECTION FIFTEEN (15), TOWNSHIP TEN (10) SOUTH, RANGE NINETEEN (19) EAST, ALACHUA COUNTY, FLORIDA.
AND ALSO LESS THAT PORTION DESCRIBED IN OFFICIAL RECORDS BOOK 1933, PAGE 1662, DESCRIBED AS FOLLOWS:
A PORTION OF THE SOUTHEAST ¼ OF SECTION 1 5, TOWNSHIP 10 SOUTH, RANGE 19 EAST, ALACHUA COUNTY, FLORIDA: BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTHEAST CORNER OF THE SOUTHEAST ¼ OF SECTION 1 5, TOWNSHIP 10 SOUTH, RANGE 19 EAST, AND RUN THENCE SOUTH 00°51 '46" EAST, ALONG THE EAST BOUNDARY OF SAID SOUTHEAST ¼, A DISTANCE OF 2413.03 FEET TO THE  POINT  OF  BEGINNING: THENCE CONTINUE SOUTH
00°51 '46" EAST, ALONG SAID EAST BOUNDARY 206.94 FEET TO A POINT ON THE NORTHWESTERLY RIGHT-OF-WAY LINE OF STATE ROAD NO. 24 (ARCHER
ROAD):  THENCE  SOUTH  57°59'54"  WEST,  ALONG  SAID NORTHWESTERLY
RIGHT-OF-WAY LINE, 30.83 FEET TO THE BEGINNING OF A CURVE CONCAVE WESTERLY, HAVING A RADIUS OF 25.00 FEET: THENCE NORTHEASTERLY AND NORTHERLY, ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 76°08'58", AN ARC  DISTANCE OF  33.23 FEET TO THE END OF  SAID CURVE, SAID ARC BEING SUBTENDED BY A CHORD HAVING A BEARING AND DISTANCE OF NORTH 1 9°55'25" EAST, 30.83 FEET. SAID END OF CURVE BEING THE BEGINNING OF A CURVE CONCAVE EASTERLY, HAVING A RADIUS OF 210.00 FEET: THENCE NORTHERLY, ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 38°44'19tt, AN ARC DISTANCE OF 141 .98 FEET TO THE END OF SAID  CURVE,  SAID ARC  BEING SUBTENDED  BY A  CHORD HAVING A

Celebration Pointe COD No. I

1	BEARING AND DISTANCE OF NORTH 01°13'05" EAST, 139.30 FEET, SAID END OF
2	CURVE BEING THE BEGINNING OF A CURVE CONCAVE WESTERLY, HAVING A
3	RADIUS OF 150.00 FEET: THENCE NORTHERLY, ALONG THE ARC OF SAID
4	CURVE,  THROUGH  A  CENTRAL  ANGLE  OF  21 °27'01", AN  ARC  DISTANCE  OF
5	56.16 FEET TO THE END OF SAID CURVE AND TO THE POINT OF BEGINNING,
6	SAID ARC BEING SUBTENDED BY A CHORD HAVING A BEARING AND DISTANCE 7	OF NORTH 09°51'44" EAST, 55.83 FEET.
8
9	AND ALSO LESS THAT PORTION DESCRIBED IN OFFICIAL RECORDS BOOK
10	2124, PAGE 1 245. DESCRIBEDAS FOLLOWS:
11	COMMENCE AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER (1/4)
12	OF SECTION 15, TOWNSHIP 10 SOUTH, RANGE 19 EAST, ALACHUA COUNTY.
13	FLORIDA AND RUN THENCE SOUTH 00°51 '46" EAST, ALONG THE EAST LINE OF ·
14	SAID SOUTHEAST QUARTER (1/4), A DISTANCE OF 1171 .33 FEET TO THE POINT
15	OF BEGINNING	SAID POINT OF BEGINNING ALSO BEING THE POINT OF
16	BEGINNING OF THAT CERTAIN PARCEL OF LAND AS DESCRIBED IN CHANCERY
17	ORDERS BOOK Y, PAGE 22 OF SAID PUBLIC RECORDS: THENCE CONTINUE
18	SOUTH 00°51'46" EAST, ALONG SAID EAST LINE, 51 2.47 FEET: THENCE NORTH
19	89°51'46" WEST. 452.85 FEET TO A POINT ON THE EASTERLY LINE OF THAT
20	CERTAIN PARCEL OF LAND AS DESCRIBED IN OFFICIAL RECORDS BOOK 71 8,
21	PAGE 131 OF SAID PUBLIC RECORDS: THENCE NORTH 1 5°50'32" WEST. ALONG ·
22	THE EASTERLY LINE OF SAID PARCEL (O.R. 718, PAGE 131), 81.80 FEET TO THE
23	NORTHEAST CORNER OF SAID PARCEL (O.R. 718, PAGE 131): THENCE NORTH
24	89°51'46" WEST, ALONG THE NORTHERLY LINE OF SAID PARCEL (O.R. 718,
25	PAGE 131); 400.21 FEET TO THE NORTHWEST CORNER OF SAID PARCEL (O.R.
26	718, PAGE 131):  THENCE SOUTH  13°01'56" EAST, ALONG THE WESTERLY LINE
27	OF SAID PARCEL (O.R 71 8, PAGE  131):  536. 11  FEET TO THE  EASTERLY MOST
28	CORNER OF THAT CERTAIN PARCEL OF LAND AS DESCRIBED IN OFFICIAL
29	RECORDS BOOK 1 232. PAGE 261 OF SAID PUBLIC RECORDS: THENCE NORTH -
30	89°58'14" WEST, ALONG THE NORTH LINE OF SAID PARCEL (O.R. BOOK 1232,
31	PAGE 261), 404.22 FEET; THENCE NORTH 02°58'22" WEST ALONG THE WEST
32	LINE OF THAT CERTAIN PARCEL OF LAND AS DESCRIBED IN OFFICIAL
33	RECORDS BOOK 241. PAGE 395 OF SAID PUBLIC RECORDS, 522.90 FEET TO
34	THE NORTHWEST CORNER OF SAID PARCEL (O.R. 241. PAGE 395): THENCE
35	CONTINUE NORTH 02°58'22" WEST, 435.10 FEET TO THE NORTH LINE OF THAT CERTAIN PARCEL OF LAND AS DESCRIBED IN CHANCERY ORDERS BOOK Y, .
37	PAGE 22 OF SAID PUBLIC RECORDS: THENCE SOUTH 89°51'34"1 EAST ALONG
38	THE NORTH LINE OF SAID PARCEL (CHANCERY ORDERS BOOK Y, PAGE 22),
39	1200.69 FEET TO THE POINT OF BEGINNING. 4401	 CONTAINING 7.09 ACRES, MORE ORLESS. 4423	TOGETHER WITH:
44	PARCEL 3
45	COMMENCING AT THE QUARTER SECTION STAKE ON EAST LINE OF SECTION
46	15-10-19. RUN SOUTH ALONG EAST LINE OF SAID SECTION 1 5, 17.80 CHAINS:
47	THENCE NORTH 89 DEG. W 1 8.11 CHAINS: THENCE SOUTH 01 DEG. E. 6.55
Celebration Pointe CODNo. I

I	CHAINS TO THE POINT OF BEGINNING: FROM SAID POINT OF BEGINNING RUN
2	SOUTH  01  DEG.  E  11 .75  CHAINS: THENCE  NORTH  58  DEG.  10  MIN.  E.  7.43
3	CHAINS: THENCE SOUTH 31 DEG. 30 MIN. E. 12.95 CHAINS: THENCE NORTH 60
4	DEG. E. 2.85 CHAINS: THEN NORTH 14 DEG. 30 MIN. W. 18.05 CHAINS: THENCE
5	NORTH 89 DEG. W. 1 0.96 CHAINS TO THE POINT OF BEGINNING: CONTAINING
6	17.3 ACRES, MORE OR LESS, AND ALL BEING IN THE SE ¼ OF SECTION 1 5-10-
7	1 9, AND THE NE ¼ OF SECTION 22-10-19, LESS: COMMENCE AT THE NE
8	CORNER OF SE ¼ OF SECTION 1 5-10-19, AND THENCE RUN SOUTH 00 DEG. 08
9	MIN. 43 SEC. W, 1,165.56 FEET: THENCE RUN NORTH 89 DEG. 00 MIN. 00 FEET
10	W. 1,200.34 FEET: THENCE RUN SOUTH 01 DEG. 57 MIN. 00 SEC. E. 432.30 FEET
11	TO THE POINT OF BEGINNING: THENCE RUN SOUTH 01 DEG. 57 MIN. 00 SEC. E
12	776.16 FEET: THENCE RUN NORTH 5 8 DEG. 10 MIN. 00 SEC. E. 490.38: THENCE
13	RUN NORTH 1 2 DEG. 03 MIN: 03 SEC. W., 536.1 1 FEET: THENCE RUN NORTH 89
14	DEG. 00 MIN. 00 SEC. W., 310.76 FEET TO THE POINT OF BEGINNING. THE SAME
15	LYING AND BEING IN THE EAST ½ O F SE ¼ O F SECTION 15-10-19 AND LESS:
16	ROAD RIGHT OF WAY TO THE STATE OF FLORIDA AS PER RIGHT OF WAY DEED
17	. RECORDED IN  DEED BOOK 1 88,  PAGE 298 OF THE  PUBLIC RECORDS  OF
18	ALACHUA COUNTY, FLORIDA. THE PARCEL BEING CONVEYED HEREBY IS
19	MORE	ACCURATELY AND	PARTICULARLY	DESCRIBED AS	FOLLOWS	IN
20	ACCORDANCE WITH THAT CERTAIN SURVEY DATED JULY 1 8, 1 971 AND
21	PREPARED BY HARRIS H . GREEN, REGISTERED SURVEYOR: A TRACT OF LAND
22	SITUATED IN THE SOUTHEAST ¼ OF SECTION 1 5, TOWNSHIP 10 SOUTH,
23	RANGE 19 EAST, AND IN THE NORTHEAST ¼ OF SECTION 22, TOWNSHIP 10
24	SOUTH, RANGE 19 EAST, ALACHUA COUNTY, FLORIDA, SAID TRACT OF LAND
25	. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE
26	NORTHEAST CORNER OF THE SOUTHEAST ¼ OF SECTION 1 5, TOWNSHIP 10
27	SOUTH, RANGE 19 EAST AND RUN SOUTH 00 DEG. 08 MIN. 43 SEC. W., ALONG
28	THE EAST LINE OF SAID SECTION 1 5, 11 65.56 FEET; THENCE RUN NORTH 89
29	DEG. 00 MIN. 00 SEC. W., 1200.34 FEET: THENCE RUN SOUTH 01 DEG. 57 MIN. 00
30	SEC. E., 432.30 FEET: THENCE RUN SOUTH 89 DEG. 00 MIN. 00 SEC. E., 310.76
31	FEET TO THE POINT OF BEGINNING; THENCE RUN SOUTH 88 DEG. 52 MIN. 53
32	SEC. E.1 400.21 FEET: THENCE RUN SOUTH 14 DEG. 51 MIN. 39 SEC. E., 11 67.08
33	· FEET TO THE NORTHERLY RIGHT OF WAY  LINE OF STATE  ROAD NO.24:
34	THENCE RUN S. 59 DEG. 01 MIN. 25 SEC. W., ALONG SAID RIGHT OF WAY LINE,
35	1 93. 1 3 FEET: THENCE RUN N. 30 DEG. 45 MIN. 28 SEC. W.1 826.73 FEET: THENCE
36	RUN NORTH 12 DEG. 03 MIN. 03 SEC. W.1 536.11 FEET TO THE POINT OF
37	BEGINNING.
38	LESS:
39
40	PARCEL NUMBER 112 41 
42	THAT PART OF:
43
44	COMMENCE AT THE NORTHEAST CORNER OF THE SOUTHEAST ¼ OF SECTION
45	1 5, TOWNSHIP 10 SOUTH, RANGE 1 9 EAST AND RUN SOUTH 00 DEG. 08 MIN. 43
46	SEC. W., ALONG THE EAST LINE OF SAID SECTION 1 5, 1165.56 FEET: THENCE
47	RUN NORTH 89 DEG. 00 MIN. 00 SEC. W.1 1 200.34 FEET; THENCE RUN SOUTH 01
Celebration Pointe CDD No. I

I	DEG. 57 MIN. 00 SEC. E.1 432.30 FEET: THENCE RUN SOUTH 89 DEG. 00 MIN. 00
2	SEC.  E., 310.76  FEET TO THE  POINT OF BEGINNING; THENCE  RUN  SOUTH 88
3	DEG.  52 MIN. 53 SEC. E.1 400.21 FEET: THENCE RUN SOUTH 14 DEG.  51  MIN. 39
4	SEC.  E. . 1 167.08 FEET TO THE  NORTHERLY RIGHT OF WAY  LINE OF STATE
5	ROAD NO. 24; THENCE RUN S. 59 DEG. 01 MIN. 25 SEC. W., ALONG SAID RIGHT
6	OF WAY LINE. 192.13 FEET: THENCE RUN N. 30 DEG. 45 MIN. 28 SEC. W., 826.73
7	FEET: THENCE RUN NORTH 1 2 DEG. 03 MIN. 03 SEC. W.• 536.1 1 FEET TO THE
98	POINT OF BEGINNING.
10	LYING NORTHERLY OF AND WITHIN 70 FEET OF THE SURVEY LINE OF STATE
It	ROAD NO. 24. SECTION 26260-2420, SAID SURVEY LINE BEING DESCRIBED AS
12	FOLLOWS:
13 
14	BEGIN ON THE EAST LINE OF SECTION 22, TOWNSHIP 10 SOUTH, RANGE 19
15	EAST AT A POINT 8.6 FEET SOUTHERLY FROM THE NORTHEAST CORNER
16	THEREOF: RUN THENCE SOUTH 57 DEGREES 5 8 MINUTES 54 SECONDS WEST,
17	1,769.40 FEET TO THE END OF SAID SURVEY LINE. 18 
19	CONTAINING 9.64 ACRES, MORE OR LESS.
20
21	TOGETHER WITH:
22
23	PARCEL 4
24	COMMENCING AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER
25	(SE ¼) OF SECTION 1 5, TOWNSHIP 1 0 SOUTH, RANGE 1 9 EAST: THENCE RUN
26	SOUTH 7.75 CHAINS, WEST 10 CHAINS, NORTH 7.75 CHAINS, EAST 1 0 CHAINS
27	TO THE POINT OF BEGINNING.
28
29	AND
30
31	THAT PART OF THE SOUTH ½ OF SOUTHEAST QUARTER OF SOUTHEAST
32	QUARTER OF NORTHEAST QUARTER OF SECTION 1 5, TOWNSHIP 1 0 SOUTH.
33	RANGE 19 EAST, THAT IS LOCATED WEST OF INTERSTATE 1-75.
34
35	AND
36
37	COMMENCE AT THE INTERSECTION OF THE EAST LINE OF SECTION 1 5,
38	TOWNSHIP 10 SOUTH, RANGE 19 EAST AND THE WESTERLY RIGHT-OF-WAY
39	LINE OF INTERSTATE 75: THENCE RUN NORTHWESTERLY 1 80 FEET MORE OR
40	LESS ALONG RIGHT-OF-WAY OF INTERSTATE 75 TO SOUTH PROPERTY LINE
41	OF LANDS OF GRANTEES: THENCE WESTERLY 15 FEET: THENCE RUN IN A
42	SOUTHEASTERLY DIRECTION PARALLEL TO INTERSTATE 75 TO EAST LINE OF
43	SECTION 1 5. TOWNSHIP 10 SOUTH. RANGE 19 EAST: THENCE RUN ALONG SAID
44	EASTERLY LINE TO POINT OF BEGINNING. 45
46	CONTAINING 4.73 ACRES. MORE OR LESS.
47
Celebration Pointe CDD No. I	,.

I	ALL OF THE ABOVE PROPERTY LYING AND BEING IN ALACHUA COUNTY.
23	FLORIDA.

Celebration Pointe CDD No. I

Exhibit "B"
PrCopeolesbedraAtnionnuaPl oOipnetreatCioonms &muMnaiitnyteDnaenvceeloBpumdgeenttFDYi2st0r1i9c-t2#0120

FY 2019	Proposed FY
Adopted	2019-2020
Revenues:	Budget	Budget

Rental Income	 	-		 	30,300.00 	
Total Revenues	$ 120,500.00	$ 178,850.00	
Exnenditures:			
Engineering Fees	$	2,000.00	$	2,000.00	
Trustee Fees	12,000.00	25,000.00	
District Management Fees	30,000.00	30,000.00	
District Counsel Fees	25,000.00	25,000.00	
Audit Fees	6,500.00	6,600.00	
Bond Dissemination Agent	3,000.00	3,500.00	

Developer Funded	$  120,500 00	$ 148,550.00 Assessments		-		-

Assessment Administration (Series 2014A, 2017A and O&M)	-	15,000.00 Reamortization Schedule (Series 2014A and 20I7A)	-		500.00

Travel & Per Diem	1 ,000.00	1,000.00	
Conference Calls	500.00	250.00	
Mailing Expenses	250.00	500.00	
D&O Insurance	2,800.00	2,800.00	
General Insurance	3,500.00	3,500.00	
Property Insurance	4,000.00	4,000.00	
Printing & Binding	600.00	425.00	
!Legal Advertising	5,000.00	5,000.00	
Miscellaneous	-	15,000.00	
Dues, Licenses & Fees	200.00	200.00	
Property Taxes	8,400.00	8,400.00	
Electric	2,000.00	2,000.00	
Water	3,300.00	3,500.00	
Dumpster	3,500.00	2,200.00	
Hurricane Cleanup	5,000.00	10,000.00	
Website Maintenance	900.00	2,400.00	
Landscaping Maintenance & Material	1,050.00	10,000 00	
Sales & Use Tax Payable	 	-	  		100.00 	
Total Expenditures	$ 120,500.00	$ 178,850.00	

Property Appraiser	-	75.00

Income <Loss) from Ooerations

,
$	-	$	-

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT NO. 1

Funding Request Nos. 63 - 66

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1		

Funding Request No. 63		
4/4/2019		
Item	Payee	Invoice	General	General	
No.	Fund FY19	Fund FY20	

4	GRU			
Account 200056135180 for 2 23.2019-3 21 .2019	20190327	$230.93		
	$230.93	$0.00	

TOTAL:	$230.93		

Assistant Secretary/Secretary	ChairmanNice Chairman			

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

	CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1		

Funding 5/3/2019	
Request No. 64		
Item	Payee	Invoice	General	General	
No.		Fund FY19	Fund FY20	
	Cobb Cole
General Work in Progress thru 3 2019	153616	
$1,263.00		
2	Gainesville Sun
Finance Charge 3.31.2019	31386556	
$1.74		
	Legal Advert sing 4.16.2019	A000950086	$11 5.74		
3	GRU
Account 2000561 35180 for 3.22.2019-4.19.2019	20190425	
$220.78		
4	PFM Group Consulting LLC
District Management April 201 9	DM-04-2019-0096	
$2,500 00		
	Website Fee April 2019	DM-04-2019-0096	$7500		
		$4,176.26	$0.00	
	
TOTAL:	
$4,176.26		
	Assistant Secretary/Secretary	ChairmanNice Chairman			

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

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 65 513012019
Item No

Payee

Invoice

General		General Fund FY19	Fund FY20

Cobb Cole
General Work in Progress thru 4.2019	154213
2	GRU

$309.75

Account 2000561 35180 for 4.20.2019-5.21 .2019
3	PFM Group Consulting LLC District Management May 2019 Website Fee May 2019

20190425

DM 05-2019-0013
DM-05 2019 0013

TOTAL:

$220.78

$2,500.00
$75 00

$3,105.53	$0.00

$3,105.53

Assistant Secretary/Secretary	ChairmanNice Chairman

Please remitfunding to: Celebration Pointe COD #1 Attenton: Monica Sutera 12051 Corporate Blvd.
Orlando, FL 32817

CELEBRATION POINTE COMMUNITY DEVELOPMENT DISTRICT #1

Funding Request No. 66 6/24/2019 
Item No.
Gainesville Sun

Payee

Invoice

General		General Fund FY19	Fund FY20

Finance Charge 6.2.2019
Legal Advertising 6.05 2019

2		PFM Group Consulting LLC District Management June 201 9 Webs te Fee June 2019

31387947
A000953850

DM-06-2019-0013 DM-06-2019-0014

TOTAL:

$303.32

$2,500.00
$75.00

$2,881.79	$0 00

$2,881.79

Assistant Secretary/Secretary	ChairmanN ce Chairman

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

CELEBRATION POINTE COMMUNITY  DEVELOPMENT DISTRICT NO. 1

Statements of the District's Financial Position

Celebration Pointe COO No. 1 Statement of Activities  (YTD)  As of 5/31/2019

General Fund	Series 2014 Debt	Series 2017 Debt	Series 2014	Series 2017	Long Tenn	Total	
	Service Fund	Service Fund	Construction	Construction	Debt Group		
			Fund	Fund			
Revenues

Developer Contribut ons	$47,04338						$47,043.38	
Other Income & Other Financing Sources		$2,248,107.99					2,248,107.99	
Inter-Fund Group Transfers In		9,866.32					9,86632	
Other Income & Other Financing Sources			$1,195,766.00				1,1 95,766.00	
Inter-Fund Transfers In				($9,866.32)			(9,866.32)	
Total Revenues	$47,04338	$2,257,974.31	$1,1 95,766.00	($9,866.32)	$0.00	$0.00	$3,490,917.37	

Ex.11.enses

Trustee Services	$20,423.17						$20,423 17	
Management	20,00000						20,000.00	
Dissemination Agent	3,000.00						3,000.00	
Distrct Counsel	5,512.75						5,512 75	
Audit	4,250 00						4,250.00	
Telephone	69.85						69.85	
Postage & Shipping	12.34						12.34	
Copies	131 .25						131.25	
Legal Advertising	462.81						462.81	
Miscellaneous	1,21 5.08						1,215.08	
Property Taxes	7,769.52						7,769.52	
Web Site Maintenance	600.00						600.00	
Dues, Licenses, and Fees	175.00						175.00	
Water Utilrty Services	441.56						441.56	
Water	1,446.48						1,446 48	
General Insurance	4,619.00						4,619.00	
OtherInsurance	2,525.00						2,525.00	
Princpal Payment - Series 2014		$605,00000					605,000.00	
Interest Payments - Series 2014		1,643,218.76					1,643,218.76	
Inter-Fund Transfers		66,613.22					66,613.22	
Principal Payments - Series 2017			$460,000.00				460,00000	
Interest Payments - Series 201 7			1,492,650.00				1,492,650.00	
Inter-Fund Transfers			3,391.82				3,391.82	
Inter-Fund Transfers				($66,613.22)			(66,613.22)	
Capital Expenditures					$676,042.00		676,042.00	
Inter-Fund Transfers					(3,391.82)		(3,391.82)	
Total Expenses	$72,653.81	$2,314,831.98	$1,956,041.82	($66,613.22)	$672,650.18	$0.00	$4,949,564.57	

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Other RevE!nues (Expenses) & Gains (Losses)

Celebration Pointe COO No. 1 Statement  of Activities  (YTD) As of 5/31/2019

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

Rental Income	$4,662.24										$4,662.24	
Interest Income		$13,357.75									13,357.75	
Interest Income			$4,266.67								4,266 67	
Interest Income					$537.86						537.86	
Interest Income							$103.83				103.83	
Total Other Revenues (Expenses) & Gains (Losses)	$4,662.24	$13,357.75	$4,26667		$537.86		$103.83		$0 00		$22,928 35	
Change In Net Assets	($20,948.19)	($43,499.92)	($756,009.15)		$57,284.76		($672,546.35)		$0.00		($1,435,718.85)	
NetAssets At Beginning OfYear	
$82,315 89	--$2,220,081.22	
$2.889.523.95		
$50,570 51		
($1 ,429.628 89)		
$0.00		
$3.812.862 68	
Net Assets At End Of Year	$61,367.70	$2,176,581.30	$2.133,514 80		$107,855.27		($2,102,175.24)		$0.00		$2,377 143 83	

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Current Assets
General Checking Account
Accounts Receivable • Due from Developer Prepaid Expenses

$71,803.94 7,784.65
3,111.28

Celebration Pointe COD No. 1 Statement of Financial Position As of 5/31/2019

General Fund	Series 2014 Debt	Series 2017 Debt	Series 2014	Series 2017	Long Tenn Debt	
	Service Fund	Service Fund	Construction	Construction Fund	Group	

�

Fund

Total

$71,803.94 7,784.65
3,111.28

Debt Service Reserve Series 2014 Revenue Series 2014

$2,176,580.82	2,176,580.82
0.48	0.48

Debt Service Reserve Series 2017					$1,946,568.20								1,946,568.20	
Revenue Series 2017					2.60								2.60	
Interest Series 2017					3.00								300	
Acquisition/Construction Series 2014							$37.22						37.22	
Deferred Cost Series 2014							107,818.05						107,818.05	
Acquisition/Construction Series 2017									$50,956.46				50.956.46	
Deferred Cost Series 2017									3.451.30				3,451.30	
Total Current Assets	$82,699.87		$2,176,581.30		$1,946,573.80		$107,855.27		$54,407.76		$0.00		$4,368,118.00	
Investments														
Amount Available in Debt Service Funds							$4,123,155.10		$4,123,155 10	
Amount To Be Provided							57,900,990.60		57,900,99060	
Total Investments	$0.00		$0.00		$000	$0.00	$62,024,145.70		$62,024,145.70	
Other Assets														
Original Issue Discount				$186 941.00								$186,941.00	
Issue Discount										$795,854.30		795,85430	
Tnt;,I Oth,ar As:s,,t,:		$0.00		$186,941.00		$0.00		$0.00		$795,854.30		$982,7Cl'i �n	
Total Assets	$82,699.87	$2,176,58=1.30
Liab	$2,133,514.80
ilities an!!Net Assets		$107,855.27		$54,40776		$62,820,000 00		$67,375,05900	
CurrentLiabilities Accounts Payable	
$13,547.52											
$13,547.52	
Deferred Revenue	7,784.65											7,784.65	
Retainage Payable								$2,156,583.00				2,156,583.00	
Total Current Liabilities	$21,332 17 	$000		$0.00		$000		$2,156,583.00		$0.00		$2,177,915.17	
Long Term Liabilities														
Revenue Bonds Payable • Long-Term								 	$62,820,000.00	$62,820,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0 00	$62,820,000.00	$62,820,000.00	
Total Liabilities	$21.332 17	$0 00	-$-0 0-0	$0.00	$2,156,583.00	$62,820.000.00	$64,997,!!1!\ 17	
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General Fund	Series 2014 Debt
Service Fund	Series 2017 Debt Service Fund	Series 2014 Construction	Series 2017
Construction Fund	Long Tenn Debt
Group	Total	
				Fund			
Fund Balance - Unreserved	$79,736.58					$79,736.58	
NetAssets. Unrestricted	(4,253.26)					(4,253.26)	
Current Year Net Assets, Unrestricted	(441.56)					(441.56)	
NetAssets - General Government	6,832.57					6,832.57	
Current Year NetAssets -General Government	(20,506.63)					(20,506.63)	
Net Assets, Unrestricted		$2,220,07727				2,220,077.27	
Current Year Net Assets. Unrestricted		(43,499.92)				(43,499.92)	
Net Assets - General Government		3.95				3.95	
Net Assets, Unrestricted			$2,889,523 95			2,889,523.95	
Current Year Net Assets, Unrestricted			(756,009.15)			(756,009.15)	
Net Assets, Unrestricted				$75,570.51		75,570.51	
Current Year Net Assets. Unrestricted				57,284.76		57,284.76	
Net Assets - General Government				(25,000.00)		(25,000.00)	
NetAssets, Unrestricted					($1.403.427.86)	(1.403,427.86)	
Current Year Net Assets, Unrestr cted					(672,650.18)	(672,650.18)	
NetAssets - General Government					(26 201.03)	(26,201.03)	
Current YearNet Assets - General Government					103.83	103.83	
Total Net Assets	$61,367.70		$2,176,581.30		$2,133,514.80	$107,855.27	($2,102,175 24)	$0 00	$2,377,143 83	
Total Liabilities and Net Assets	$82,699.87		$2,176,581.30		$2,133,514.80	$107,855.27	$54.407.76	$62,820,000.00	$67,375,059.00	

NetAssets

Celebration Pointe CDD No. 1 Statement of Financial Position As of 5/31/2019

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Celebration  Pointe COD No. 1
Income Statement
For the period ending 5/31/2019

Actual

Year To Date Budget

Variance

Adopted Budget FY 2019

Revenues
Developer Contr butions	
$47,043.38		
$80,333.33		
$ (33,289.95)	
$ 120,500.00	
Net Revenues	$ 47,043.38		$ 80,333.33		S (33,289.95)	$ 120,500.00	
General & Administrative Expenses							
Travel and Per Diem	$0.00	$666.67	$	(666.67)	$1 ,000.00	
Trustee Services	20,423.17	8,000.00	12 ,423.17 	12,000.00	
Management	20,000.00	20,000.00		30,000.00	
Engineer ng	0.00	1 ,333.33	(1 ,333.33)	2,000.00	
Dissemination Agent	3,000.00	2,000.00	1,000.00	3,000.00	
District Counsel	5,512.75	1 6,666.67	(11,1 53.92)	25,000.00	
Audit	4,250.00	4,333.33	(83.33)	6,500.00	
Telephone	69.85	333.33	(263.48)	500.00	
Postage & Shipping	12.34	166.67	(1 54.33)	250.00	
Copies	131 .25	400.00	(268.75)	600.00	
Legal Advertising	462.81	3,333.33	(2,870.52)	5,000.00	
Miscellaneous	1,21 5.08	0.00	1 ,215.08	0.00	
Property Taxes	7,769.52	5,600.00	2,169.52	8,400.00	
Web Site Maintenance	600.00	600.00		900.00	
Dues, Licenses, and Fees	175.00	133.33	41 .67	200.00	
Electric	0.00	1, 333.33	(1 ,333.33)	2,000.00	
Water	1 ,888.04	2,200.00	(311 .96)	3,300.00	
Dumpster	0.00	2,333.33	(2,333.33)	3,500.00	
General Insurance	3,179.00	2,333.33	845.67	3,500.00	
Property & Casualty	1 ,440.00	2,666.67	(1 ,226.67)	4,000.00	
Other Insurance	2,525.00	1,866.67	658.33	2,800.00	
Landscaping Maintenance & Material	0.00	700.00	(700.00)	1 ,050.00	
Hurricane Cleanup	0.00	3,333.33	(3,333.33)	5,000.00	
Total General & Administrative Expenses	$72,653.81	$80,333.33	$(7,679.52)	$120,500.00	
Total Expenses	$721653.81	$801333.33	s111619.52l	$1201500.00	
Income (Loss) from Operations	$(25,610.43)	$0.00	$(25,610.43)	$0.00	
Other Income (Expense)								
Rental Income	$4,662.24		$0.00	$	4,662.24	$0.00	
Total Other Income (Expense)	$4,662.24		$0.00	$4,662.24	$0.00	
Net Income (Loss)	$(20,948.19)		$0.00	$(20,948.19)	$0.00