Reunion East Community

Development District

Agenda

April

12,

2018

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Reunion East

Community Development District

135

W. Central Blvd., Suite

Phone: 407-841-5524-

320, Fax:

Orlando FL,

407-839-1526

32801

April 5, 2018

Board of

Reunion

Supervisors

East Community

Development

District

Dear Board Members:

The

regular

meeting

of

the

Board

of

Supervisors

of

the

Reunion

East

Community

Development

District

Center,

will be held Thursday, April 12, 2018 at 1:00 p.m. at the 7715 Heritage Crossing Way, Reunion, FL. Following

Heritage Crossing Community

is the advance agenda for the

meeting:

1. 2. 3. 4. 5.

6. 7. 8. 9.

Roll Call		
Public Comment Period	
Approval of	the Minutes of the March 8, 2018 Meeting	
Review and Acceptance of Fiscal Year 2017 Audit Report	
Staff Reports		
A.	Attorney	
	i.	Update on Board Member Ethics Requirements	
B.	Engineer	
C.	District Manager's Report	
	i.	Action Items Lists	
	ii.	Approval of Check Register	
	iii.	Balance Sheet and Income Statement	
	iv.	Status of Direct Bill Assessments	
Other	Business	
Supervisor's	Requests	
Next Meeting Date	
Adjournment	

The	second	order	of	business	is	the	Public  Comment	Period  where  the  public	
opportunity	to be heard on propositions coming before the	Board as reflected on the	
and	any other items.							

has an agenda,

The third order of business is the approval

minutes are enclosed for your review.

of

the

minutes

of

the

March

8,

2018

meeting

.

The

The fourth order of business is A bound copy of the report has

the review and acceptance been provided separately.

of

the

Fiscal Year 2017

audit

report.

The fifth	order of business is Staff Reports.  Section 1	of the Attorney's Report is an update on	
the Board Member ethics requirements.  Counsel will	provide back-up material at the meeting.	
Section 1	of the District Manager's Report is the presentation and discussion of the action items	

lists. Copies of the lists approval and Section 3

are enclosed for your review. includes the balance sheet

Section 2 includes the and income statement

check register for for your review.

Section 4 is the discussion of the status of the direct bill assessment collections. direct bill information is enclosed for your review.

A

table

with

the

The balance of the agenda will questions, please contact me.

be

discussed

at

the meeting.

In

the

meantime,

if

you

have

any

Sincerely,
r--

~~.

George

District

S. Flint

Manager

Cc:

Jan Carpenter, District Counsel

Steve Boyd, District Engineer

Enclosures

;

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.-

.....

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C:
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CJ)-

MINUTES OF MEETING

REUNION EAST

COMMUNITY DEVELOPMENT DISTRICT

The  regular  meeting  of the  Board  of Supervisors  of the  Reunion

Development District was held Thursday, March 8, 2018 at 1:00 p.m. at the

Community Center, 7715 Heritage Crossing Way, Reunion, Florida.

East  Community

Heritage Crossing

Present and constituting a quorum were:

Carlton Grant

Mark Greenstein

Steven Goldstein

Don Harding

John Dryburgh

Also present were:

George Flint Andrew d' Ade sky Steve Boyd Alan Scheerer Rob Stultz Daniel Baker

Chairman

Vice Chairman

Assistant Secretary by phone

Assistant Secretary

Assistant Secretary

District Manager District Counsel District Engineer by phone Operations Manager Yellowstone Landscape ACP Communities by phone

FIRST ORDER OF BUSINESS	Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period

There being none, the next item followed.

THIRD

ORDER

OF

BUSINESS

Approval of the Minutes
2018 Meeting

of

the February 8,

On MOTION by Mr.  Greenstein	
all  in  favor  the  minutes	of the	
approved as presented.		

seconded February

by 8,

Mr. Dryburgh with 2018 meeting were

March

8,

2018

Reunion East CDD

FOURTH ORDER OF BUSINESS	Ratification	of	Natural    Gas	Services		
							
		Agreement with Teco Peoples Gas System		
Mr. Flint:  Item four is an agreement with Teco related to provision of natural gas to The		
Terraces pool.  Teco has required that we enter into this agreement prior to them restarting the		
process of running the line to The Terraces pool.  The process got stalled the last time around		
because they  were unable to  get an easement agreement.   They are currently  evaluating the		
easements they did receive and they still need one easement.	We communicated with them as		
last as this morning.							
Mr. Scheerer:  The gas is being provided by Florida Natural Gas, it is higher than what		
we are currently paying for the gas but I'm assuming that is because of the offset for Teco paying		
the expense of running the gas line and Teco will share the information of how much gas runs		
through their meter with Florida Natural Gas and then they will present us with a bill and the		
appropriate usage fees going forward once everything has been received, the gas line has been		
installed and we start using gas at The Terraces pool.					
Mr. Flint:  The first year we have to	get the gas from Teco and after that we can probably		
roll this into our other agreement with Infinite Energy and pay a lower rate.			
Mr. Dry burgh:  Do we know how much it is going up?					
Mr. Scheerer:	It is 6 plus an index, we pay that same index	to Teco because they own the		
lines and we have to pay the pass through costs but it is a little higher cost and most	of that is to		
offset the cost of running the gas line.						
Mr. Greenstein:  The bottom line is it is going to be more economical than the propane.		
Mr.  Scheerer:	It is about $1,500 to $1,700 a week in propane to heat the pool versus		
$4,000 a month for natural gas.  I know there are residents who are concerned because it is not		
on all the time, but.propane is absolutely ridiculous.  We turned it on for spring break, we try to		

do it seasonally and then we will tum it back off and just keep the spa.

Mr. Flint stated I would like ratification of my action in executing that agreement.

On MOTION by Mr. Harding seconded by Mr. Greenstein with all in favor the natural gas services agreement with Teco Peoples Gas System for 7500 Mourning Dove Circle, Kissimmee, Florida was ratified.

2

March

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Reunion East CDD

FIFTH ORDER OF BUSINESS

Consideration
Infinite Energy

of

Renewal  Agreement  with

Mr. Flint:  We anticipated we would have this

Energy has not provided it to us yet.  They will have it

separate agreement for gas everywhere else and it is at a

agreement for this meeting, to us for the April meeting. more competitive rate.

but We

Infinite

have a

SIXTH ORDER OF BUSINESS	Discussion	of  Proposed  Action  Regarding		
							
				Poinciana Parkway Extension/1-4 Connector		
				Expressway				
	Mr.  Flint:	We	added a new item at the request of	Mr.  Harding to have a discussion		
regarding the Poinciana Parkway extension, the I-4 connector.  That is a discussion item with	no		
backup.  There was a public input hearing this morning, the Central Florida Expressway has had		
a number of workshops and public input forums.  The District had meetings, you designated Mr.		
Greenstein and Daniel Baker was there on behalf of the Resort, the POA was represented by		
David Burman, the  District Engineer was there,  we  met with representatives  of the  Central		
Florida Expressway a couple months ago.  The Board has not taken an official position on any	of		
this.  It is a gray area as to whether it falls under your legislative authority, but District Counsel		
has indicated you are not precluded from taking a position if you chose to do that and direct staff		
to send a letter.							
	Mr. Harding:  The HOA has put out a blast to all the homeowners telling them about the		
meeting this morning and also advising them of the different options and also making a comment		
about options 2A, 2B, the 429 connections and the 532 options. We encouraged homeowners	to		
express their opinions in opposition to these routes directly to the above authorities and a lot	of		
people have written letters and so forth to try to do that.  The Resort had put out an email to all		
the Reunion members talking  about their concerns and looking out for the best interests	of		
everyone in Reunion.	I have had some conversations through another party who has talked to		
the	commissioner	of the CFX Expressway Authority and he is asking for input from  all the		
				
different entities.	I was thinking of writing a letter from the CDD that says what our preferences		
are ,with regard to the options.  I was hoping the Resort would do the same thing, Lubert-Adler		
should do the same thing, Encore do the same thing and even the HOA because they are looking		
for everybody's input.	I am going to talk to	David Burman to finalize something as far as	a		

3

March

8,

2018

Reunion East COD

document from the HOA and get the HOA Board to approve it. I was thinking maybe a similar letter from the CDD and maybe the Resort doing the same thing too going to Commissioner Fred Hawkins and he is open and suggested that people do that. I would like to prepare a letter and I think we are all in favor of the Ronald Reagan option versus the 532 or 429 connections and that

would be the gist of my letter, kind of what David Burman has already expressed.	
Mr.	Dryburgh:	Do we need a motion on that?	
Mr.	d' Adesky:	I think we need a consensus direction on that and I advise against taking	
political positions but generally this is an administrative decision to go one way or another way	
and as long as the focus of the letter and I'm confident that George has the ability to work with	
us on that to express the impact on District facilities, on District infrastructure and on the District	
as a whole is the focus of the letter, the opposition to the southern connection the 532 option	
shouldn't be an issue if this Board directs us to transmit that letter.	
Mr.	Greenstein:	Getting back to the meeting that George referenced that meeting was	
back in October and we had the District Engineer, Steve Boyd, his firm prepared what I viewed	
as an overall impact statement addressing the impact, which were basically negative or they were	
concerns of the proposed corridors that they were saying could be viable.  They haven't changed	
much since that meeting.	We have what I consider to be a fairly formal document that is an	
assessment of impact that was prepared by our engineering firm that could be included to serve	
as a history behind the two for any transmittal that we do agree to provide to the expressway	
authority.   That document was given to the expressway authority at that meeting and we can	
make reference to it, we did provide it but now we are formalizing it.	
Mr.	Dryburgh:  But there are negative impacts.	
Mr.	Greenstein:	Back in October it was in an earlier stage of the project and they didn't	
narrow it to the corridors they have now.  There may have been five at the time we had that	
meeting then they narrowed it down to three.	
Mr. Flint:	I think there are three, the 532, the 2A and 2B.	
Mr. Greenstein:  Reagan, anything in Polk County wasn't on the radar.	
Mr. Flint:	It was part of the prior study and when they picked the study back up they	
focused on where the prior study left off and they kind of ruled out the Ronald Reagan option.  I	
don't think they are looking at it right now.	

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March

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Reunion East CDD

Mr.	Greenstein:	It is in the package,	if	you go on the CFX Authority website they	do	
have  fairly  decent  graphics,  maps,  snapshots	of	what  the  routing  would  be.   Most  of	the	
community has jumped out of their chairs because	of how close it can come to that northeastern	
portion of the Resort and anything running down the front entrance of the Resort is not going to	
have a positive impact for us, it will probably have a pretty significant negative impact.  While I	
recognize we can't get political about it I think pointing out that the proposed routing around	
Reunion has significant negative impacts and they should reconsider if they haven't.  We don't	
know if they have officially discounted the other routes, but I	think they need to look again.	
Regardless	of	what the politics are, regardless of what ends up happening I think the preferred	
routing would	be away from Reunion and that would mean Ronald Reagan or Ernie Caldwell,	
they  are  Polk  County  alternatives,  which  may  not  be  what they  are  looking  for,  but  good	
government would promote the concept of looking at all those alternatives before you knock	
them out.											
Mr.	Baker:  Where do the endangered species fall into where all this is at as far as we are	
concerned?	Is	that something we can bring up?					
Mr.	Greenstein:	It is in the study, that	is	a known issue with the skinks, they are all	
around us.  That came up when it came to putting in the trail for the horse stables.		
Mr. d' Ade sky stated if you have a list of negative impacts you can put it in a letter.		
Mr. Greenstein:	It is already documented in this study.	Maybe we can make the point	
that  if the  only  viable  alternative  that  they  see  from  a  financial  standpoint  or  getting  all	
governmental entities to agree to it,	I think it	is going to have to have some federal influence	
because of the connection to I-4 even	if you do	it via 429.			
Mr.	Harding:	Has Lubert-Adler or the Resort given the  CFX Expressway an official	
position?											
Mr.	Grant:  Daniel is on the line and I will let him address it but there is a meeting going	
on at the present and Kevin is there trying to learn more about it and hear what some of the other	
residents that are there have to say.  It is a completely filled room and I will get a download from	
Kevin on the different positions and comments that were made so we have a better understanding	
and we haven't made a formal statement as to this is what Reunion wants or would like to see	
happen.  Right now we are trying to meet personally as well trying to understand all the options	
and the pros and cons	of	each one.							

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March

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Reunion East CDD

Mr. Greenstein:  Where I was going was to the issue of moving the proposed route, the	
routing of 2A, which would connect into 429 to move it more to the east so that it does not	
encroach so closely on Reunion.  I know there are environmental wetlands in there, I think they	
have to go into it and they will need some remediation plans regardless of the exact routing.	
Right now I think they have taken the easy way out by looking at the easements that exist for the	
utilities running through there and high tension lines and it is basically routing it as close to the	
perimeter	of Celebration Company property as they can.	If that is the route they ultimately	
decide on	I want to see that moved more to the east so that we can all have peaceful enjoyment.	
Mr. Baker:  You never know how much property owners' efforts weigh in because they	
go beyond the property owner list and go somewhere.	I	do think it is  smart to continue the	
dialog and engage and what George referenced in the meeting last October our concern and what	
we presented.   Knowing this  meeting today was heavily  attended,  our G.M.  is there,  we are	
continuing  to  monitor  and  want  to  say  as  they  finalize  our position  will  be  more  strongly	
expressed.								
Mr. Dryburgh:  That Ronald Reagan route, they need to put an overpass over Old Lake	
Wilson Road because if they don't and all the cars have access to that portion	of it there is still	
going to be a pile of cars up Old Lake Wilson.  The details in that report don't	talk about that at	
all.								
Mr. Greenstein:  It was my understanding that when they were looking at Ronald Reagan	
even though they kind of discounted it early on in the process along with bringing it up to World	
Drive in Celebration for obvious reasons there, I think they were talking about an elevated road,	
it  wouldn't just  be  jumping  it  on  Ronald  Reagan  as	it	currently  exists	it  would  mean	a	
redevelopment of the area.	It would probably be similar to what they are proposing for 532	so	
that cars will be coming down from Poinciana Parkway following that route would be on high	
speed lanes and there would be service lanes for people to exit to get to whatever properties	
would exist but it has impact.						
Mr. Harding:  Ifl lived in Poinciana and could stay in a straight line high speed road why	
would I come over to 532,	I wouldn't do it I would just	stay on that road.	I think that is their	
plan whether it is a two decker or widen it, it will be an expressway extension and it will be	
something that the Counties share revenue on and they are going to want to have that used.		

6

March 8, 2018		Reunion East CDD		
					
Mr.	Lischynsky:	If the I-4 is packed then they just take  Old Lake  Wilson like they		
always do every day and they will get on that new road if they can get on it.			
Mr. Harding stated there weren't going to be entrances on that.			
Mr.	Lischynsky:  My point is they shouldn't.				
Mr.	Greenstein:	It would bypass Old Lake Wilson, it would go over it.	Until the I-4		
project continues on down and concludes an expansion of I-4 in our area probably all the way		
down to Tampa we are going to have this issue on Old Lake Wilson Road and I know the County		
is not planning on widening our piece of Old Lake Wilson Road for a number of years and even		
if they did if you have a problem on I-4 instead of the backup being one lane to Sinclair it will be		
two lanes to  Spline Road or beyond on the bridge but you are  still going to have a backup		
because it is a choke point.  The reason we are discussing this issue because it is not a CDD issue		
is because over the years I have seen utility encroachment, Sabal Trail project goes right around		
Reunion and you have Duke Energy down the street, Columbia Transmission, Florida Gas you		
have  a lot	of easements and  a  lot of utilities  around  the  area and  now  we  are  seeing road		
construction.  Utilities you bury in the ground you know where they are you have the warning		
signs you live with them, but you don't want to be on the Watson Golf Course and hear road		
noise or see it.  Although there are people on the west side living off of I-4 in certain places.		
Mr. Harding:  From the standpoint of not being a CDD issue what was the reason for the		
meeting as far as CDD representation and Steve Boyd going to the meeting?			
Mr. Flint:  They were looking for stakeholder input and the stakeholders were basically		
the Resort, the developers, the CDD and POA.				
Mr.	Harding:  As a stakeholder would it make sense as far as taking the Steve Boyd letter		
attaching a letter to the commissioner saying here is our position with regard to preferences?		
Mr.	Greenstein:  It can't hurt.				
Mr.	d' Adesky:  That is fine.				
Mr.	Greenstein:	I raised the issue outside of a meeting with George a month or so ago		
when the community started becoming aware of what was happening and we agreed at the time		
that document was  officially given to  expressway authority.	It was  given to  the consulting		
group.						

Mr. with David

Harding: I would hope that Lubert-Adler and the Resort, Salamander and I will get Burman that the HOA do a similar type of thing as far as their concerns. I will share

7

March

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Reunion East CDD

the  letter the  Board  will  be  sending  and  hopefully  they  will  do  something  similar.   Maybe	
George  can have  Steve  Boyd  send  me  that  letter  and  I  think  we  all  agree  as  to  what  our	
preferences are and I can write it up and maybe you can go individually to each Board Member	
to confirm that is	okay.  Would that work?	
Mr. Flint:	I can do that as long as I don't relay the position of one Board Member to	
another.  Ifthere is	
	disagreement we will probably have to bring it back to the next meeting.	
Mr. d' Adesky:  He can't circulate the comments.	
Mr. Flint:	I can ask that they send comments back to me and if everyone is in general	
agreement then it is good and if there seems to be not a consensus we will bring it back to a	
meeting for further discussion.	

SEVENTH ORDER OF BUSINESS

A.	Attorney

Staff Reports

Mr.	d' Adesky:	We received an email from the Trustee that they wanted to follow-up on	
the assessment report regarding the unexchanged bonds.  We might be hearing more on that in	
the future.	If you will recall this issue went away for a while and it seems like it is back and I	
wanted to make you aware that may come back up.	
I have been in contact with Osceola County regarding the 532 funds but they have not	
provided me with a written document yet.	I will call after this meeting to express our extreme	
dissatisfaction with their process.		
Mr.	Harding:  Have they given you anything in writing?	
Mr.	d' Adesky:	I have something written that says they understand and will get back to	
us.				
Mr.	Greenstein:	As far as an effective date?	
Mr.	d'Adesky:	Retroactive.  My first letter is dated so when I transmitted a letter it was	
dated and sent by certified mail so they have as of this date in October that we are aware of this	
and they sat on it.			

B.

Engineer

going

Mr. to be

Boyd: We have received submittals purchasing and those are currently in

for all review

of by

the materials that the contractor is both the County and Leftwich and

8

March

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Reunion East CDD

we will have approval of those in the next week, which will release the contract for purchase of	
those materials and then we will mobilize on their delivery.	
Mr.	Greenstein:  What is your best guess for install?	
Mr.	Boyd:	It is still in line with their project schedule they provided but behind by about	
two weeks.			
Mr. Greenstein:  We were talking May.  It sounds like things are moving.	
Mr.	Flint:	Steve will you send me the information that was provided to  CSX at our	
October meeting and I can re-circulate it to the Board?	
Mr.	Boyd:	I did just email that to you.	

C.

Manager	
i.	Action Items List	

Mr.  Flint:   We  talked  about  some  of these.   Daniel  is  there  any  update- on  your	
discussions with water management?		
Mr. Baker:  No.			
Mr. Flint:  That issue is on hold pending the Resort or Lubert-Adler, Toho and water	
management working through the consumptive use permit.		
Signalization, Steve just gave you an update on that.  Andrew addressed the allocation of	
the 532 costs.   Next is discussion of the amendment to the MSA for Heritage Crossing and	
Carlton just handed me a document, but you haven't had a chance to review it.	I will email a	
copy of the handout to Steve.		
Mr. Grant:  The Board needs a chance to digest it.  Daniel crafted this on behalf of the	
developer and the request would be that the supervisors review it, make any comments, possibly	
we designate one	of the supervisors to work with Daniel on those comments to hammer out a	
final proposed MSA document that we can move forward with and present to the Board.	
Mr. Flint:	I quickly scanned this as we were sitting here and I do have questions but	
rather than getting into those at this point maybe Carlton's suggestion that we designate a Board	
Member and that Board Member and myself can meet with Daniel to go through this then we	
could bring it back at the next meeting.  Counsel has to look at it as well.		
Mr.  Greenstein:	I would want to  compare and contrast it to the base  agreement we	
currently have in place.			

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March

8,

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Reunion East CDD

Mr.	Harding:	I would like to propose that Mark be our designated supervisor.		
Mr.	Greenstein:  I will do it.		
Mr.	Flint:	If the Board is okay with that rather than Carlton being involved with it we		
will work with Daniel.  We will set up a meeting to go through this and we can bring something		
back to the next meeting.		
Mr.	Dryburgh:	$400 for four hours.  Is that market rate?		
Mr.	Flint:	That was one of my questions.  That is on the low end.  I want to talk about		
that, I want to talk about potential two tiered rental rate for resident events versus Resort events.		
There are a number of	issues like that where residents should have a discounted rate based on the		
fact that they are paying the operation and maintenance assessments and the debt service on the		
building.						
Mr.	d' Adesky:	Management contracts have to be very finely threaded under the current		
						
tax law.  It	is a start and that is the whole point.		
Mr.	Harding:		Would the individual horse stables all be removed so that opens up the		
whole place?  Is that the intent?		
Mr.	Grant:	I	don't think so, the way the paddock gates are they make a nice venue for		
individual things.  You could put a bar inside one, food inside another, the recommendation we		
would have is as you enter there are three wash stalls with basically concrete blocks between		
them to separate the horses and we would open that up to create one seating area.  That will		
create maybe a dining area, an area for a dance floor but the individual paddocks are great.		
Mr.	Harding:  Would you put a ceiling in?		
Mr.	Grant:		No,  it is  a beautiful venue  and  the  recommendation is  ceiling  fans  for		

ventilation. Mr. for the next Mr. Mr. Mr. in at many done in the Mr.

Greenstein:  We will try to get together so we have something to present to the Board	
meeting.  Does that sound reasonable?		
Baker:  Yes.		
Flint:  The signage on Sinclair Road is next.		
Grant:  I have to give Alan credit he has been chasing me down.	I was putting time	
properties in the last couple of weeks and I committed to Alan that I would get that	
coming week.		
Flint:  Kiosk parking, Alan.		

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Reunion

East

CDD

	Mr. Scheerer:  That project is complete.  I did consult with Mr. Goldstein on that as well	
and we	stenciled both parking spaces as well.  The signs have been installed, we stenciled no	
parking and 15-minute parking and restriped all the parallel parking areas.		
	Mr.	Harding:  Is that with all the kiosks within Reunion?			
	Mr.	Scheerer:	There are only two that had parking on the east.	We did all the parallel	
along Excitement Drive in front of the Terraces, the mail kiosk on the east and the drive through	
kiosk on the west side.							
	Mr.	Flint:  The parking on Excitement and Gathering?			
Mr.	Scheerer:  The direction I recall from that meeting was to get with security to address	
that, that isn't a parking space in front of those homes.	I addressed it with Garold and let him	
know there was a desire to keep people from parking there.			
Mr.	Harding:	They have not instituted anything at this time.	Some of the big problem	
makers are the guys maintaining the lawns bringing in the wide trailers.			
Mr.	Scheerer:  Guys were there doing the lawn and I know it is not permanent opposed to	
people actually using that.  I had a conversation with Garold, I talked to Josiah, I talked to Cruz	
and they told me they would look into it and see what they could do.			
Mr.	Harding:	What  is  the  cost of	painting yellow  stripes?	I	do  know you have  to	
maintain them.							
Mr.	Scheerer:	I would have to ask.	I can get a quote and we are going into budget	
season.	We can do that on Gathering I don't think it will be as effective on Excitement Drive.	
Gathering Drive seems to be the biggest culprit.	I will get some numbers and I will get with	
Fausnight and they can tell me how many no parking signs we need based on the footage.	

ii.

Approval

of

Check Register

On MOTION by Mr. Greenstein seconded by Mr. Harding with all in favor the check register was approved.

iii.

Balance Sheet

and

Income Statement

A copy

of

the balance sheet and income statement were included in the agenda package.

iv.

Status

of

Direct Bill Assessments

11

March 8, 2018	Reunion East CDD

A copy

of

the direct bill status was included in the agenda package.

v.

Presentation

of

JLAC Correspondence

Mr.	Flint:	Next is a response to the Joint Legislative Audit Committee.	We have one	
bond series that is	still technically in default because the bondholders chose to not extinguish all	
the bonds.  There is no action at this point the Board has to take in that regard, but it does show	
up in our audit as	being an issue and because it shows up in the audit after three years the Joint	
Legislative Auditing Committee gets flagged	and they contact the District for an explanation of	
why that comment is still in the audit.	We	responded to this the last couple of years and we	
responded again this year.					
Mr.	d'Adesky:  We reviewed the letter and as long as we are not asking them for money	
they are usually happy.					
EIGHTH ORDER OF BUSINESS		Other Business			
There being none, the next item followed.			
NINTH ORDER OF BUSINESS		Supervisor's Requests		
Mr.	Greenstein:  I have some questions on the Seven Eagles Cove action items punch list.	
Most of it	has been completed then we have a couple items, roof leaks, some pole lights and	
landscaping.  Are these future dates or past due dates?			
Mr.	Scheerer:	This is a list that was provided by Carlton.	I know we have looked at	
some of these items.	I thought the pole lights were already approved unless I'm mistaken.  On	
the landscaping we will review as part	of the upcoming budget because there were no funds	
allocated for that.							
Mr.	Grant:	The pole lights are the tall lights that were blown off by the hurricane and	
those are replaced.							
Mr.	Scheerer:	I assume that Steve hasn't updated the list that we had but as far as I know	
the hot water tank is completed, the roof leaks I thought were resolved, we actually got a quote to	
do  the  whole  roof,  which  is  above  and  beyond  what  was  requested.   The  pole  lights  and	
landscape lights I thought were already taken care of.  I will get with Steve at the Resort, he and I	
usually work on these items.					

12

March 8, 2018

TENTH ORDER OF BUSINESS

Reunion East CDD

Next Meeting Date

On MOTION by Mr. Greenstein seconded by Mr. Dryburgh with all in favor the meeting adjourned at 1:52 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman	

13

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I	\	\	REUNION EAST		
					
\		'\.. \	COMMUNITY		

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	\	DEVELOPMENT		
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	"-	\		
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I				

FINANCIAL REPORT

Year Ended September 30, 2017

MCDIRMIT Ill DA VIS

CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS

Year Ended September 30, 2017

I. Financial Section:	Page		
			
Independent Auditor's Report	1		
Management Discussion and Analysis	3		
Financial Statements:			
Government-Wide Financial Statements:			
Statement of Net Position	7		
Statement of Activities	8		
Fund Financial Statements:			
Balance Sheet - Governmental Funds	9		
Statement of Revenues, Expenditures and Changes in Fund Balances -			
Governmental Funds	10		
Reconciliation of the Statement of Revenues, Expenditures and			
Changes in Fund Balances of Governmental Funds			
to the Statement of Activities	11		
Statement of Revenues, Expenditures and Changes in Fund Balance -			
Budget and Actual - General Fund	12		
Notes to Financial Statements	13		
II. Compliance Section:			
Independent Auditor's Report on Internal Control over Financial Reporting and on			
Compliance and Other Matters Based on an Audit of Financial Statements			
Performed in Accordance with Government Auditing Standards	31		
Management Comments	33		
Independent Auditor's Report on Compliance with the Requirements			
of Section 218.415, Florida Statutes	37		
Response to the Management Comments	38		

MCDIRMIT Ill DA VIS
CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors

Reunion East Community Development District

We have audited the accompanying financial statements of the governmental activities and each major fund of the Reunion East Community Development District (the “District”), as of and for the year ended September 30, 2017, 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 Responsibility for the Financial Statements

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

Auditor’s Responsibility

Our responsibility is to express an opinion 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 auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting principles 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.

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

1

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, and each major fund of the District as of September 30, 2017, and the respective changes in financial position thereof and the respective budgetary comparison for the General Fund 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 starting on page 3, 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 Information

As discussed in Note 7 to the financial statements, the Prior Developer had not paid certain special assessments in prior years. As a result, the District was unable to make all of the debt service payments due in the current and prior years. The District filed for foreclosure on the special assessment lien on the Prior Developer’s property within the District. The foreclosure resulted in a judgement for operations and maintenance assessments only. A Special Purpose Entity (“SPE”) was formed and took title to land by tax deed. The land was sold in a previous year and the SPE was voluntarily dissolved. The Series 2002A and 2005 Bonds continue to be delinquent due to unpaid assessments from the Prior Developer.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated March 28, 2018, 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, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the 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.

March 28, 2018

Orlando, Florida

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of the Reunion East Community Development District, Osceola County, Florida’s (the “District”) financial accomplishments provide an overview of the District’s financial activities for the year ended September 30, 2017. Please read it in conjunction with the District’s Independent Auditor’s Report, financial statements and accompanying notes.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (GASB) No. 34, Basic Financial Statements - and Management’s Discussion and Analysis - for State and Local Governments issued June 1999.

Financial Highlights

•	The liabilities of the District exceeded its assets at September 30, 2017 by $12,393,794, an increase in the net deficit of $907,310 in comparison with the prior year.

•	At September 30, 2017, the District’s governmental funds reported a combined deficit fund balances of $27,052, a decrease of $1,307,951 in comparison with the prior year.

Overview of the Financial Statements

This discussion and analysis are intended to serve as an introduction to the Reunion East Community Development District’s financial statements. The District’s financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to the financial statements.

Government-Wide Financial Statements

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

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

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

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include general government, physical environment, culture and recreation, public safety and roads and streets related functions.

3

MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)

Fund Financial Statements

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

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

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

The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, debt service fund, and capital projects fund, all of which are considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Government-Wide Financial Analysis

Statement of Net Position - The District’s net position was $(12,393,794) at September 30, 2017. The analysis that follows compares the net position of the District’s governmental activities at September 30, 2017 and September 30, 2016.

4

MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)

Government-Wide Financial Analysis (Continued):

Reunion East Community Development District

Statement of Net Position

	September 30,		September 30,		
		2017			2016		
Assets, excluding capital assets	$	7,136,208		$	6,710,039		
Capital Assets Net of Depreciation		44,549,692			46,790,897		
Total assets		51,685,900			53,500,936		
Liabilities, excluding long-term liabilities		8,480,558			6,804,450		
Long-term Liabilities		55,599,136			58,182,970		
Total liabilities		64,079,694			64,987,420		
Net Position:		(14,739,444)			(14,237,073)		
Net Investment in capital assets							
Restricted for capital projects		9			9		
Unrestricted		2,345,641			2,750,580		
Total net position	$	(12,393,794)	$	(11,486,484)		

The following is a summary of the District’s governmental activities for the fiscal years ended September 30, 2017 and 2016.

Changes in Net Position

Year ended September 30,

Revenues:		2017			2016		
							
Program revenues	$	6,430,199			6,685,465		
General revenues		119,737			102,709		
Total revenues		6,549,936			6,788,174		
Expenses:							
General government		206,871			244,624		
Physical environment		3,031,349			2,944,742		
Culture and recreation		668,163			669,877		
Public safety		88,200			98,000		
Roads and streets		41,305			39,996		
Interest on long-term debt		3,421,358			3,314,561		
Total expenses		7,457,246			7,311,800		
Change in net position		(907,310)			(523,626)		
Net position - beginning		(11,486,484)			(10,962,858)		
Net position - ending	$	(12,393,794)	$	(11,486,484)		

5

MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)

Government-Wide Financial Analysis (Continued):

As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2017 was $7,457,246. The majority of these costs are interest on long-term debt and physical environment expenses.

Financial Analysis of the Government’s Funds

The District uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At September 30, 2017, the District’s governmental funds reported combined ending deficit fund balances of $27,052. Of this total, $9 is restricted, $43,367 is nonspendable and the remainder of $(70,428) is an unassigned deficit balance.

The fund balance of the general fund increased $411,890 due to assessment revenue exceeding expenditures. The debt service fund decreased $1,719,841 due to higher debt service payments compared to assessment revenue. The capital projects fund balance did not change.

General Fund Budgetary Highlights

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. There were no budget amendments to the September 30, 2017 general fund budget. The legal level of budgetary control is at the fund level.

Capital Asset and Debt Administration

Capital Assets - At September 30, 2017, the District had $44,549,692 invested in capital assets, net of accumulated depreciation. More detailed information about the District’s capital assets is presented in the notes to the financial statements.

Capital Debt - At September 30, 2017, the District had $59,150,000 in bonds outstanding, including $3,690,000 in matured bonds payable. More detailed information about the District’s capital debt is presented in the notes to the financial statements.

Requests for Information

If you have questions about this report or need additional financial information, contact the

Reunion East Community Development District’s Finance Department at Governmental Management Services - CF, LLC, 135 W. Central Blvd, Suite 320, Orlando FL 32801.

6

FINANCIAL STATEMENTS

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT				
STATEMENT OF NET POSITION				
September 30, 2017				
	Governmental		
Assets:		Activities		
				
Cash	$	1,186,575		
Investments		2,997,598		
Due from Reunion West		98,341		
Assessments receivable		20,962		
Other receivables		83,169		
Prepaid costs		43,367		
Restricted assets:				
Temporarily restricted investments		2,706,196		
Capital assets:				
Capital assets not being depreciated		3,620,313		
Capital assets being depreciated, net		40,929,379		
Total assets		51,685,900		
Liabilities:				
Accounts payable and accrued expenses		157,560		
Matured bonds payable		3,690,000		
Matured interest payable		3,315,700		
Accrued interest payable		1,317,298		
Noncurrent liabilities:				
Due within one year		2,700,000		
Due in more than one year		52,899,136		
Total liabilities		64,079,694		
Net Position:				
Net Investment in capital assets		(14,739,444)		
Restricted for capital projects		9		
Unrestricted		2,345,641		
Total net position	$	(12,393,794)		

The accompanying Notes to Financial Statements are an integral part of this statement. 7

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF ACTIVITIES

Year Ended September 30, 2017

											Net (Expense)	
											Revenue and	
											Changes in Net	
					Program Revenue				Position	
							Operating Grants					
				Charges for			and			Governmental	
Functions/Programs		Expenses		Services			Contributions				Activities	
Governmental activities:													
General government	$	206,871		$	110,203	$	-	$	(96,668)	
Physical environment		3,031,349			1,505,449			-				(1,525,900)	
Culture and recreation		668,163			355,941			-				(312,222)	
Public safety		88,200			46,986			-				(41,214)	
Roads and streets		41,305			22,004			-				(19,301)	
Interest on long-term debt		3,421,358			4,381,435			8,181				968,258	
Total governmental activities	$	7,457,246		$	6,422,018		$	8,181				(1,027,047)	
				General Revenues:						
					Investment income				28,088	
					Rent and Miscellaneous revenue				91,649	
					Total general revenues				119,737	
					Change in net position				(907,310)	
				Net Position - beginning				(11,486,484)	
				Net Position - ending	$	(12,393,794)	

The accompanying Notes to Financial Statements are an integral part of this statement. 8

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

GOVERNMENTAL FUNDS

September 30, 2017

													Total		
								Capital				Governmental		
Assets:		General			Debt Service		Projects					Funds		
															
Cash	$	1,186,575	$	-	$	-	$	1,186,575		
Investments		2,997,598				2,706,187			9				5,703,794		
Due from Reunion West		98,341				-			-				98,341		
Assessments receivable		6,215				14,747			-				20,962		
Other receivables		83,169				-			-				83,169		
Due from general fund		-				5,000			-				5,000		
Prepaid costs		43,367				-			-				43,367		
Total assets	$	4,415,265	$	2,725,934	$	9	$	7,141,208		
Liabilities and Fund Balances:															
															
Liabilities:															
Accounts payable and accrued expenses	$	157,560	$	-	$	-	$	157,560		
Due to debt service fund		5,000				-			-				5,000		
Matured bonds payable		-				3,690,000			-				3,690,000		
Matured interest payable		-				3,315,700			-				3,315,700		
Total liabilities		162,560				7,005,700			-				7,168,260		
Fund balances:															
Nonspendable		43,367				-			-				43,367		
Restricted:															
Capital projects		-				-			9				9		
Unassigned		4,209,338				(4,279,766)			-				(70,428)		
Total fund balances		4,252,705				(4,279,766)			9				(27,052)		
Total liabilities and fund balances	$	4,415,265	$	2,725,934	$	9						

Amounts reported for governmental activities in the statement of net position are different because:

Capital assets used in governmental activities are not financial resources and therefore are not		
reported in the funds.					44,549,692	
Liabilities not due and payable from current available resources are not reported in the governmental		
fund statements. All liabilities, both current and long-term, are reported in the government-wide		
statements.						
Accrued interest payable	(1,317,298)					
Bonds payable	(55,599,136)				(56,916,434)	
Net Position of Governmental Activities	$	(12,393,794)	

The accompanying Notes to Financial Statements are an integral part of this statement. 9

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS

Year Ended September 30, 2017

												Total		
								Capital			Governmental		
Revenues:		General		Debt Service			Projects				Funds		
														
Special assessments	$	2,040,583	$	4,381,435	$	-	$	6,422,018		
Rental income		86,281			-				-			86,281		
Investment income		28,088			8,181				-			36,269		
Miscellaneous revenue		5,368			-				-			5,368		
Total revenues		2,160,320			4,389,616				-			6,549,936		
Expenditures:														
Current:														
General government		160,618			46,253				-			206,871		
Physical environment		1,351,843			-				-			1,351,843		
Public safety		88,200			-				-			88,200		
Culture and recreation		106,464			-				-			106,464		
Roads and streets		41,305			-				-			41,305		
Debt Service:														
Interest		-			3,488,204				-			3,488,204		
Principal		-			2,575,000				-			2,575,000		
Total expenditures		1,748,430			6,109,457				-			7,857,887		
Excess (Deficit) of Revenues Over														
Expenditures		411,890			(1,719,841)				-			(1,307,951)		
Net change in fund balances		411,890			(1,719,841)				-			(1,307,951)		
Fund Balances - beginning of year		3,840,815			(2,559,925)				9			1,280,899		
Fund Balances - end of year	$	4,252,705	$	(4,279,766)	$	9	$	(27,052)		

The accompanying Notes to Financial Statements are an integral part of this statement. 10

REUNION EAST 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, 2017

Amounts reported for Governmental Activities in the Statement of Activities are different because:

Net change in fund balances - total governmental funds (page 10)	$	(1,307,951)		
Depreciation on capital assets is not recognized in the governmental fund statement, however it is	(2,241,205)		
reported as an expense in the statement of activities.						
Repayments of long-term liabilities are reported as expenditures in governmental funds, while			
repayments reduce long-term liabilities in the statement of net assets.						
Repayment of bonds payable				2,575,000		
Some expenses reported in the statement of activities do not require the use of current financial			
resources and, therefore, are not reported as expenditures in governmental funds.						
Change in accrued interest	58,012					
Amortization of bond premium		8,834			66,846		
Change in Net Position of Governmental Activities (page 8)	$	(907,310)		

The accompanying Notes to Financial Statements are an integral part of this statement. 11

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL - GENERAL FUND

Year Ended September 30, 2017

										Variance with		
										Final Budget		
								Actual			Positive		
		Budgeted Amounts			Amounts			(Negative)		
Revenues:		Original			Final								
													
Special Assessments	$	2,024,762	$	2,024,762	$	2,040,583	$	15,821		
Rental Income		90,263			90,263			86,281			(3,982)		
Investment Income		5,250			5,250			28,088			22,838		
Miscellaneous Revenue		5,964			5,964			5,368			(596)		
Total revenues		2,126,239			2,126,239			2,160,320			34,081		
Expenditures:													
Current:													
General government		165,678			165,678			160,618			5,060		
Physical environment		1,676,149			1,676,149			1,351,843			324,306		
Public safety		98,000			98,000			88,200			9,800		
Culture and recreation		178,950			178,950			106,464			72,486		
Roads and streets		54,880			54,880			41,305			13,575		
Total expenditures		2,173,657			2,173,657			1,748,430			425,227		
Net change in fund balance		(47,418)			(47,418)			411,890			459,308		
Fund Balance - beginning		3,840,815			3,840,815			3,840,815			-		
Fund Balance - ending	$	3,793,397	$	3,793,397	$	4,252,705	$	459,308		

The accompanying Notes to Financial Statements are an integral part of this statement. 12

NOTES TO FINANCIAL STATEMENTS

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies:

Reporting Entity

The Reunion East Community Development District, (the “District”) was established on September 24, 2001 by County Ordinance 01-31, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, the power to borrow money and issue bonds, and the power to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors (the “Board”), which is composed of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2017, none of the Board members were associated with Ginn-LA Orlando Ltd., LLP (“prior Developer”), three of the Board members are affiliated with EHOF Acquisitions II, LLC (“current Developer”). In a prior year, the District initiated foreclosure proceedings against the prior Developer. The Trustee, on behalf of the bondholders, is funding the costs associated with the foreclosure litigation (see Note 7). The District is economically dependent on the current Developer.

The Board has 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.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements 14, 39 and 61. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

13

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Government-Wide and Fund Financial Statements

The financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment, 2) grants, contributions and investment earnings that are restricted to meeting the operational or capital requirements of a particular function or segment and 3) operating-type special assessments that are treated as charges for services (including assessments for maintenance and debt service). Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenues 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 if they are collected within 60 days of the end of the current fiscal period, except for Developer receivables for retainage, which are collected from the Developer when the amount is due to the contractor. Expenditures 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 and operation and maintenance assessments, are non-ad valorem assessments imposed on all lands located within the District and benefited by the District’s activities. Operation and maintenance special assessments are levied by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. These 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 of bonds issued by the District. Certain debt service assessments are collected upon the closing of those lots subject to short term debt and are used to prepay a portion of the bonds outstanding.

14

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued):

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current 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 - is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Debt Service Fund - accounts for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund - accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed.

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund

Balance

Restricted Assets - These assets represent cash and investments set aside pursuant to bond covenants.

Deposits and Investments - The District’s cash and cash equivalents are considered to be cash on hand and demand deposits.

Investments of the District are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. The District’s investments consist of investments authorized in accordance with Section 218.415, Florida Statutes.

Prepaid Items - Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

15

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):

Capital Assets - Capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, sidewalks and similar items), are reported in the applicable governmental activities column in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed. Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets		Years	
Stormwater Management, Roadways		30	
Electrical, Communications and Lighting	20	
Landscaping and Irrigation	15	
Recreational Facilities and Amenities	20	

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 method. Bonds payable are reported net of premiums or discounts. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as an expense.

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

Deferred Outflows/Inflows of Resources - In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2017.

16

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):

Deferred Outflows/Inflows of Resources (Continued) - In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2017.

Net Position Flow Assumption - Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted - net position and unrestricted - net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted - net position to have been depleted before unrestricted-net position is applied.

Fund Balance Flow Assumptions - Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources (total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

Fund Balance Policies - Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The District itself can establish limitations on the use of resources through either commitment (committed fund balance) or an assignment (assigned fund balance).

The committed fund balance classification includes fund balance amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision-making authority. The Board of Supervisors is the highest level of decision-making authority for the government that can, by adoption of an ordinance or resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance or resolution remains in place until a similar action is taken to remove or revise the limitation.

17

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):

Fund Balance Policies (Continued) - Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as committed. The Board of Supervisors has authorized the District Manager to assign amounts for specific purposes. The Board of Supervisors may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above and additional action is essential to either remove or revise a commitment.

Other Disclosures

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

Note 2 - Stewardship, Compliance and Accountability:

Budgetary Information

The District is required to establish a budgetary system and an approved annual budget for the General Fund. Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. All annual appropriations lapse at the fiscal year end. The legal level of budgetary control is at the fund level. Any budget amendments that increase the aggregate budgeted appropriations, at the fund level, must be approved by the Board of Supervisors.

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

1.	Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.

2.	Public hearings are conducted to obtain taxpayer comments.

3.	Prior to October 1, the budget is legally adopted by the District Board.

4.	All budget changes must be approved by the District Board.

5.	The budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 2 - Stewardship, Compliance and Accountability (Continued):

Deficit Fund Balance

At September 30, 2017, the debt service fund had a deficit fund balance of $4,279,766.

Note 3 - Deposits and Investments:

Deposits

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

Investments

The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.

Under GASB 72, assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable, and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.

The District has the following recurring fair value measurements as of September 30, 2017:

•	Money market mutual funds of $3,166,686 are valued using Level 2 inputs.

19

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 3 - Deposits and Investments (Continued):

Investments (Continued):

The District’s investment policy is governed by State Statutes and District Trust Indenture. The District investment policy allows investments in any financial institution that is a qualified public depository of the State of Florida as identified by the State Treasurer, in accordance with Chapter 280 of the Florida Statutes. Authorized District investments include, but are not limited to:

1.	The Local Government Surplus Funds Trust Fund (SBA);

2.	Securities and Exchange Commission Registered Money Market Funds with the highest credit quality rating from a nationally recognized rating agency;

3.	Interest-bearing time deposits or savings accounts in qualified public depositories;

4.	Direct obligations of the U.S. Treasury;

The SBA is not a registrant with the Securities and Exchange Commission (SEC); however, the Board has adopted operating procedures consistent with the requirements for a 2a-7- like fund for the Florida Prime Fund. Therefore, the pool account balance can be used as fair value for financial reporting.

Investments made by the District at September 30, 2017 are summarized below. In accordance with GASB 31, investments are reported at fair value.

							Weighted	
					Credit		Average	
Investment Type			Fair Value		Rating		Maturity	
First American Prime Obligation Fund Y		$	2,357,567		AAAm		23 days	
Local Government Surplus Trust Fund			2,537,108		AAAm		51 days	
Fidelity Government Portfolio Class III			348,629		AAAm		27 days	
US Bank Money Market Account			460,490		NA		NA	
		$	5,703,794					

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 3 - Deposits and Investments (Continued):

Investments (Continued):

Credit Risk:

The District’s investment policy limits credit risk by restricting authorized investments to those described. Investments in U.S. Government securities and agencies must be backed by the full faith and credit of the United States Government. Short term bond funds shall be rated by a nationally recognized ratings agency and shall maintain the highest credit quality rating.

Custodial Credit Risk:

In the case of deposits, this is the risk that, in the event of a bank failure, the District’s deposits may not be returned to it. The District’s investment policy requires that bank deposits be secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida, and creates the Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member financial institutions for collateral shortfalls if a default or insolvency has occurred. At September 30, 2017, all of the District’s bank deposits were in qualified public depositories.

For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2017, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Concentration of Credit Risk:

The District’s investment policy does not specify limits on the amount the District may invest in any one issuer.

21

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 3 - Deposits and Investments (Continued):

Investments (Continued):

Interest Rate Risk:

The District’s investment policy does not specifically address interest rate risk; however, the general investment policy is to apply the prudent-person rule: Investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and in general, avoid speculative investments. The District manages its exposure to declines in fair values by investing primarily in pooled investments that have a weighted average maturity of less than three months.

Note 4 - Interfund Receivables, Payables and Transfers:

At September 30, 2017, the general fund owed the debt service fund $5,000 for assessments collected and not transferred.

22

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 5 - Capital Assets:

Capital asset activity for the year ended September 30, 2017 was as follows:

		Beginning											
		Balance				Additions		Reductions		Ending Balance	
Governmental Activities:													
Capital Assets Not Being Depreciated:													
Land	$	3,620,313	$	-	$	-	$	3,620,313	
Total capital assets not being depreciated		3,620,313				-			-			3,620,313	
Capital Assets Being Depreciated:													
Roadways		33,402,056				-			-			33,402,056	
Stormwater management		10,048,423				-			-			10,048,423	
Recreational facility and amenities		11,233,986				-			-			11,233,986	
Electrical, communications and lighting		4,326,847				-			-			4,326,847	
Landscaping and irrigation		222,229				-			-			222,229	
Total capital assets being depreciated		59,233,541				-			-			59,233,541	
Less Accumulated Depreciation for:													
Roadways		(7,793,512)				(1,113,402)			-			(8,906,914)	
Stormwater management		(2,654,438)				(334,947)			-			(2,989,385)	
Recreational facility and amenities		(3,769,396)				(561,699)			-			(4,331,095)	
Electrical, communications and lighting		(1,714,500)				(216,342)			-			(1,930,842)	
Landscaping and irrigation		(131,111)				(14,815)			-			(145,926)	
Total Accumulated Depreciation		(16,062,957)				(2,241,205)			-			(18,304,162)	
Total capital assets being depreciated, net		43,170,584				(2,241,205)			-			40,929,379	
Governmental activities capital assets, net	$	46,790,897	$	(2,241,205)	$	-	$	44,549,692	

The estimated costs to complete the District improvements are approximately $3 million. Although the District has agreements binding the Developer to complete District improvements, it may become the District’s responsibility to complete the District in the event the Developer defaults on its obligations and agreements with the District.

Depreciation expense for 2017 was charged in the amounts of $1,679,506 and $561,699 to physical environment and culture and recreation, respectively.

23

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 6 - Long-Term Liabilities:

Series 2002 Special Assessment Revenue Bonds:

On August 8, 2002, the District issued $73,620,000 of Special Assessment Revenue Bonds Series 2002 consisting of $20,190,000 Term Bonds Series 2002A due on May 1, 2022 with a fixed interest rate of 7.20%, $33,955,000 Term Bonds Series 2002A due on May 1, 2033 with a fixed interest rate of 7.375% and $19,475,000 Term Bonds Series 2002B due on May 1, 2008 a fixed interest rate of 5.9%. These Bonds were issued to pay-off the Bond Anticipation Notes issued on December 28, 2001 for $10,000,000 and 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 2002A Bonds is due annually commencing May 1, 2005 through May 1, 2033. Principal on the 2002B Bonds was due in one lump sum on November 1, 2008 and was paid in full. During a previous fiscal year, the Series 2002A Bonds were Trifurcated into three (3) separate Bond Series (see below).

On January 1, 2012, the Series 2002A Bonds were Trifurcated into three (3) separate Bond Series. As a result of the Trifurcation, $30,000 of the bonds were called. The remaining outstanding Series 2002 Bonds with a principal balance of $49,110,00 exchanged for; $34,000,000 in principal amount of the District’s Series 2002A-1, $15,070,000 in principal amount of the District’s Series 2002A-2, and $40,000 in principal amount of the District’s Series 2002A-3 (collectively, the “Series 2002A Bonds”). The Series 2002A Bond maturity and interest rates are unchanged.

The Series 2002A Bonds are subject to redemption at the option of the District prior to their maturity and extraordinary mandatory redemption prior to their maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirement was not met at September 30, 2017.

The Bond Indenture has 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 principal and interest on the Series 2002 Special Assessment Revenue Bonds issued under the Indenture are secured by all revenues received by the District from Series 2002A assessments levied and collected on the District lands benefited by the 2002 Project. The District is not in compliance with certain of the requirements of the Bond Indenture.

As of September 30, 2017, total principal and interest remaining on the Series 2002A Bonds totaled $9,600,480, which includes $2,100,000 matured principal payable and $1,927,180 matured interest payable on the Series 2002A-2 Bonds. For the year ended September 30, 2017, principal and interest of $873,984 was recorded as an expenditure and no special assessment revenue was pledged.

24

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 6 - Long-Term Liabilities (Continued):

Series 2005 Special Assessment Revenue Bonds:

On March 1, 2005, the District issued $18,880,000 of Special Assessment Revenue Bonds Series 2005 due on May 1, 2036 with a fixed interest rate of 5.8%. Interest is due semiannually on each May 1 and November 1. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Principal on the Series 2005 Bonds is due annually commencing May 1, 2008 through May 1, 2036.

The Series 2005 Bonds are subject to redemption at the option of the District prior to their maturity and extraordinary mandatory redemption prior to their maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirement was not met at September 30, 2017.

The Bond Indenture has 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 principal and interest on the Series 2005 Special Assessment Revenue Bonds issued under the Indenture are secured by all revenues received by the District from Series 2005 assessments levied and collected on the District lands benefited by the 2005 Project. The District is not in compliance with certain of the requirements of the Bond Indenture.

As of September 30, 2017, total principal and interest remaining on the Series 2005 Bonds totaled $9,267,210. This amount includes $1,590,000 of matured bonds payable and $1,388,520 in matured interest payable that was due, but was not paid. For the year ended September 30, 2017, $803,520 was recorded as an expenditure and no special assessment revenue was pledged.

Bond Exchange - Series 2015 Restructured Bonds:

In June 2015, $8,795,000 of the Series 2002A-2 Bonds and $10,440,000 of the Series 2005 Bonds were exchanged for $7,245,000 Series 2015-1 Bonds, due May 1, 2033 with a fixed interest rate of 6.6%, $8,475,000 Series 2015-2 Bonds, due May 1, 2036 with a fixed interest rate of 6.6% and $3,515,000 Series 2015-3 Bonds, due May 1, 2033 with and fixed interest rate of 6.6%. The Bond maturity and interest rates are unchanged for the unexchanged 2002A-2 and 2005 Bonds. Following the exchange, $6,275,000 of the Series 2002A-2 Bonds and $6,440,000 of the Series 2005 Bonds remained outstanding.

The Series 2015 Restructured Bonds are subject to redemption at the option of the District prior to their maturity and extraordinary mandatory redemption prior to their maturity in the manner determined by the Bond Indenture.

25

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 6 - Long-Term Liabilities (Continued):

Bond Exchange - Series 2015 Restructured Bonds (Continued):

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirement was met at September 30, 2017.

As of September 30, 2017, total principal and interest remaining on the Series 2015 Restructured Bonds totaled $30,882,230. For the year ended September 30, 2017, $1,781,775 principal or interest was paid. Special assessment revenue pledged for the year ended September 30, 2017 was $1,755,919.

Series 2015A Special Assessment Refunding Bonds:

In June 2015, the District issued $30,710,000 of Special Assessment Refunding Bonds Series 2015A consisting of $6,090,000 Term Bonds due May 1, 2020 with a fixed interest rate of 4.0%, $7,640,000 Term Bonds due May 1, 2025 with an interest rate of 4.5% and $16,980,000 Term Bonds due May 1, 2033 with an interest rate of 5.07%. Interest is due semiannually on each May 1 and November 1. The Bonds were issued to refund the Series 2002A-1 Bonds. Principal on the Series 2015A Bonds is due annually commencing May 1, 2016 through May 1, 2033.

The Series 2015A Bonds are subject to redemption at the option of the District prior to their maturity and extraordinary mandatory redemption prior to their maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirement was met at September 30, 2017.

The Bond Indenture has 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 principal and interest on the Series 2015A Special Assessment Refunding Bonds issued under the Indenture are secured by all revenues received by the District from Series 2015A assessments levied and collected on the District lands benefited by the 2015A Project. The District is in compliance with the requirements of the Bond Indenture.

As of September 30, 2017, total principal and interest remaining on the Series 2015A Special Assessment Refunding Bonds totaled $41,861,700. For the year ended September 30, 2017, principal and interest of $2,603,925 was paid and special assessment revenue pledged for the year ended September 30, 2017 was $2,625,516.

26

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 6 - Long-Term Liabilities (Continued):

Long-term debt activity for the year ended September 30, 2017 was as follows:

			Beginning									Ending		Due Within		
			Balance			Additions		Reductions			Balance			One Year		
Governmental activities:																	
																	
Bonds Payable:																	
Series 2002	$	4,590,000	$	-	$	(415,000)	$	4,175,000	$	445,000		
Series 2005			5,280,000			-			(430,000)			4,850,000			455,000		
Series 2015			18,590,000			-			(555,000)			18,035,000			585,000		
Series 2015A			29,575,000			-			(1,175,000)			28,400,000			1,215,000		
Bond premium			147,970			-			(8,834)			139,136			-		
Governmental Activity Long-																	
term Liabilities	$	58,182,970	$	-	$	(2,583,834)	$	55,599,136	$	2,700,000		

The Series 2002 and 2005 Bonds payable beginning balance excludes $2,845,000 which was due in prior years, but was not paid. This amount was reclassified into matured bonds payable in prior years. Of the total current year reductions, $845,000 was due in the current year, but also was not paid and was reclassified to matured bonds payable. The total matured bonds payable at September 30, 2017 is $3,690,000.

At September 30, 2017, the scheduled debt service requirements on the bonds payable were as follows:

Governmental Activities
Year Ending									
September 30,				Principal				Interest	
2018		$	2,700,000		$	3,161,516	
2019				2,845,000				3,015,098	
2020				3,005,000				2,860,376	
2021				3,175,000				2,696,494	
2022				3,370,000				2,509,002	
2023 - 2027				16,975,000				9,441,224	
2028 - 2032				17,285,000				4,826,200	
2033 - 2036				6,105,000				636,010	
	$	55,460,000	$	29,145,920	

27

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 7 - Related Party Transactions and Litigation:

Developer:

The Prior Developer has not paid the special assessments owed the District, on certain properties, in the current and prior year. As a result, the District was unable to make all of the debt service payments due on the Series 2005 and Series 2002A Bonds in the current and prior years. In prior years, the District initiated foreclosure proceedings against the Prior Developer. These proceedings were filed in an effort to collect the delinquent debt service and operations and maintenance assessments owed by the Prior Developer. The Trustee, on behalf of the bondholders, funded the costs associated with the foreclosure litigation.

In a prior fiscal year, the District filed foreclosure actions against the prior Developer, because of the Prior Developer’s failure to pay debt service and operating and maintenance assessments owed. A judgement was issued to the District for past due operation and maintenance assessments. Reunion East SPE, LLC, a Special Purpose Entity (“SPE”), was awarded a parcel of land within the District owned by the Developer through a tax deed sale. The SPE was formed by the Trustee, on behalf of the Bondholders, to own, manage and dispose of the property and is responsible for funding current operating and maintenance costs. Land was received in the tax deed sale, that was valued at $4,064,500. Due to the Settlement Agreement with the SPE, the outstanding O&M and debt assessments on this property that was owed by the Prior Developer was eliminated.

During a previous fiscal year, the SPE acquired two additional parcels of land through a tax deed sale from the prior Developer. The land received in the tax deed sale was valued at $13,440,300. In May 2015, the SPE sold all the land that was acquired through foreclosure or purchase tax certificates to EHOF Acquisitions II, LLC. As a result of the land sale, the SPE was able to pay the District, from the proceeds of the sale, delinquent O & M assessments of $609,249 and debt service assessments of $8,167,994, in a prior fiscal year. During the previous fiscal year, the SPE was voluntarily dissolved.

28

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 7 - Related Party Transactions and Litigation (Continued):

Related Districts:

The District has an interlocal agreement with Reunion West to share certain maintenance costs. These shared costs are allocated based on the number of currently platted units, with 70% of the costs currently allocated to Reunion East and 30% to Reunion West (See Note 10 - Subsequent Events). Most of these costs are paid by Reunion East and reimbursed by Reunion West. At year end, $98,341 is due from Reunion West for reimbursement of these expenses.

Potential Claim

During the prior fiscal year, the District received correspondence dated May 4, 2016 regarding potential litigation involving the U.S. Bank Bond Trustee and one significant landowner within the District regarding potential debt assessments on certain unassessed parcels within the boundary of the District. The District has been informed that the Trustee’s counsel and the landowner are currently negotiating a resolution, which would eliminate the District as a party. However, until a resolution is agreed to by the Trustee and landowner, the District could be involved in potential legal or equitable actions with the Trustee and significant landowner.

Assessments from Developer

The Current Developer owns a portion of land within the District; therefore, assessment revenue in the general and debt service funds include the assessments levied on those lots owned by the Developer. The Developer’s portion of special assessment revenue for the year ended September 30, 2017 totaled approximately $2,651,000, which is 41% of total special assessment revenue.

Note 8 - 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. These risks are covered by commercial insurance from independent third parties. Settled claims from these risks have not exceeded commercial insurance coverage since inception of the District.

Note 9 - Deficit Net Position:

The District has a government-wide net deficit of $(12,393,794) at September 30, 2017. This deficit primarily results from 1) capital assets which were financed by District long-term debt but were conveyed to other governmental entities and 2) uncollected revenues.

29

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 10 - Subsequent Events:

Prior Developer:

The Prior Developer has failed to remit special assessments owed for the Series 2002A-2 and 2005 Bonds.

Bond Payments:

The District was unable to make its November 1, 2017 required debt service payments on the Series 2002A-2 Bonds and the Series 2005 Bonds.

Shared Maintenance Costs

For the fiscal year ending September 30, 2018, the District amended the Interlocal Agreement with Reunion East to share certain maintenance costs from 37% of the costs allocated to Reunion West to 40% and from 63% of the costs allocated to Reunion East to 60%.

30

COMPLIANCE SECTION

MCDIRMIT Ill DA VIS
CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

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

WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors

Reunion East Community Development District

We have audited, 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, the financial statements of the governmental activities and each major fund of the Reunion East Community Development District (the “District”) as of and for the year ended September 30, 2017, and the related notes to the financial statements, which collectively comprise the District’s financial statements and have issued our report thereon dated March 28, 2018.

Internal Control Over Financial Reporting

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

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

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

31

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 and 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 instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. See Appendix A.

We noted certain other matters that we reported to management of the District, in a separate letter dated March 28, 2018. The District’s response to our findings identified in our audit is included in this report. We did not audit the District’s response, and accordingly, we express no opinion on it.

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.

March 28, 2018

Orlando, Florida

32

MCDIRMIT Ill DAVIS
CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

MANAGEMENT COMMENTS

Board of Supervisors

Reunion East Community Development District

Report on the Financial Statements

We have audited the financial statements of the Reunion East Community Development District, (the “District”) as of and for the fiscal year ended September 30, 2017, and have issued our report thereon dated March 28, 2018.

Auditor’s Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 28, 2018, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i.)1., Rules of the Auditor General, require that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. Corrective actions have been taken to address findings and recommendations made in the preceding annual audit report, except as noted below.

Tabulation of Uncorrected Audit Findings

Current Year Finding #	2015-16 FY Finding #	2014-2015 FY Finding #	
12-01	12-01	12-01	
13-01	13-01	13-01	
13-02	13-02	13-02	

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

33

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. This information has been disclosed in the notes to the financial statements.

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 of the specific condition(s) met. In connection with our audit, we determined that the District met one of the conditions described in Section 218.503(1), Florida Statutes, as listed in Appendix B.

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 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. Deteriorating financial conditions were noted as indicated above under Section 10.554(1)(i)5.a.

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.

Annual Financial Report

Section 10.554(1)(i)5.b. 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 the annual financial report for the District for the fiscal year ended September 30, 2017, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2017. In connection with our audit, we determined that these two reports were in agreement.

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 of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, 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.

Orlando, Florida

March 28, 2018

34

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

APPENDIX A - COMPLIANCE VIOLATIONS OF LAWS,

REGULATIONS AND CONTRACTUAL PROVISIONS

Year Ended September 30, 2017

13-01 - Failure to Make Bond Debt Service Payments When Due

Criteria

The Special Assessment Revenue Bonds Series 2005 and Series 2002A require semiannual interest payments and annual principal payments.

Condition

All of the debt service payments due on the Series 2005 and Series 2002A Bonds have not been made as of September 30, 2017.

Cause

The Prior Developer failed to pay debt service special assessments to the District.

Effect

At September 30, 2017, the District is not in compliance with the requirements of the Bond Indenture.

Recommendation

We recommend the District utilize all legal remedies available to collect delinquent assessments and bring debt service payments current.

13-02 - Failure to Meet Reserve Account Requirement

Criteria

The Special Assessment Revenue Bond Series 2005 requires the District maintain adequate funds in a reserve account to meet the reserve requirement as defined in the Indenture.

Condition

At September 30, 2017, the District did not meet the reserve requirement on the Series 2005 Bonds.

Cause

The District had to use amounts in reserve account to pay debt service since the Prior Developer has not paid their special assessments to the District.

Effect

The District is not in compliance with the requirements of the Bond Indenture.

Recommendation

We recommend the District utilize all legal remedies available to collect delinquent assessments and replenish the Reserve account.

35

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

APPENDIX B - CONDITIONS OF FINANCIAL EMERGENCY

Year Ended September 30, 2017

12-01 - Failure to Make Debt Service Payments When Due

In the current and prior years, the District did not pay all of the principal and interest due on the Series 2005 and Series 2002A Bonds due to lack of funds; therefore, the District meets Section 218.503(1)(a) as a financial emergency condition.

36

MCDIRMIT Ill DAVIS
CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH

THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES

Board of Supervisors

Reunion East Community Development District

We have examined Reunion East Community Development District’s (the “District”) compliance with the requirements of Section 218.415, Florida Statutes, during the year ended September 30, 2017. 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 and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States and, accordingly, included examining, on a test basis, evidence about the District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides 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, 2017.

Orlando, Florida

March 28, 2018

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

37

$ $ $   !$ $   !$    !$ $ $      "$   #   #    $–$  "$   #   #    

  "   4:+4239 

    "  $   & #   "$       %         % $ $# *   & # "#  $$ ,           "  $ :56  -           & -+  % $  322   "     +    54925 

  #   #  $  $	$   $$ "   " $     #    )  "          $    " 52+ 4238, 

      #$"  $   #         $ $ ")  "     $ " #$  )   $#     $   "  # 4224 .4     4227     # /35.230        $ $     # "&   %     !% "    $#       "  # 4227     # /35.240-

, 

      "  # 4237+        Assessment Refunding Bonds (“Series 2015 Bonds”) were

 ##%       "  " $  "  %       % $            ## ##   $     #+   "  # 4224 .4     

Series 2005 (collectively “Prior Bonds”). However, at the request of the debt

     "#    $    "  "     #+ $     "  # 4237     #       $ "  %   322;    $    "  "      #    &        "$ $    "  "     #  %$#$                  % $ /      $ &  )  “Un.exchanged Bonds”). The Un. (            #    $      "#   &           "     " !% #$ $     #$"  $ $  " &  '      "   "$  # ' $ $     #$"  $ $ "           )    $     . (            #         ##      $ "   "$) ' $ $     #$"  $-  #$"  $       "  #  %""  $ ) ' "     ' $    #$"  $   % #       $     #$"  $        " $  %   "$ $  # " &  '- $    ($ $ $     . (            #          ##      $ "   "$) $  ) '   - $     #        $    ##      $ $     .  (            #+ $ $      "# '         $ $ $  " #  &  $       % $-

111111111111111111111111111111111111111111111111111111   "      & "    "  #%" " 
  %       #$     %  $)   &        $   #$"  $

38

CJ) m

0 :j

0 z

<

 0

I

	Meeting		
Item#	Assigned	Action Item	
1	3/14/11	lrriqation Turnover	

Reunion East

Assigned To:

Developer

Date Due	Status

On Hold

Comments Issue on hold pending CUP negotiation Approval of Purchasing from Osceola County Anticipated by 3/15/18 to Mobilize Delivery of

2

3

4 5

6

2/12/15

3/16/17

1/11/18 2/8/18

2/8/18

Signalization of Reunion Entrance

Allocation of 532 Costs

Discussion of Amendment to MSA to Incorporate Heritage Crossing Community Center & Horse Stables Siqnaqe on Sinclair Entrance Parking on Excitement & Gathering Drive

Boyd

Scheerer/d'Adesky

Resort/Flint

Grant/Scheerer

Scheerer

In Process

In Process

In Process

In Process

In Process

Materials Letter sent to Osceola County on 12/6/17. Awaiting County Response. Supervisor Greenstein Designated to Meet with Manager and Developer to Review Resort Plan and Provide Comments at April Meeting

Item#

Meeting

Assi !:med

Reunion West

Action Item	Assi gned To:

Date Due	Status

Comments Approval of Purchasing from Osceola County Anticipated by 3/15/18 to Mobilize Delivery of

1	8/11/16	Siqnalization of Reunion Entrance	Boyd		
					
		Installation of Neighborhood			
2	1/11/18   Monuments	Scheerer		

In Process

In Process

Materials Proposal on 4/12/18 Aaenda

revised 4/5/2018

Reunion Resort & Club

Seven Eagles Cove CDD Action Items Punch List

Ref	Notes & Action Items	
#	Description	
1	Pavers around pool need to be leveled	
2	landscape lights do not function. Pole lights work missing two globes	
3	Building in need of painting	
4	Roof leaks in several areas	
5	Clocks to hot tubes need to be	
6	Landscaping around building is over grown	
7		
8		
9		
10		
11		
12		
13		

Target

Date

21-Mar 21-Mar 21-Mar 21-Mar 21-Mar 21-Mar

Responsible

Party(sJ

J. Reid

J. Reid

CDD

CDD

J.Reid

Yellowstone

Status/Notes/Next Steps

on-going two golbes missing on poles completed to consider treating with seal coating to order new clocks

Landscaping needs to be replaced in serval areas

Completed	Comments

Date

Proposal is to refit gound lighting package to be submitted to CDD

completed

To submit bid to board for approval Will take time to schedule job  $28,000

To submit bid to board for approval propsal Is $5,670.00

Reunion East

Community Development District

Summary of Check Re gister

March 1, 2018 to March 31, 2018

Fund

General Fund

Payroll

Date 3/2/18 3/6/18 3/9/18 3/16/18 3/20/18 3/30/18

March2018

Donald Harding

John Dryburgh

Mark Greenstein

Steven Goldstein

CheckNo.'s 3877-3882 3883-3886 3887-3895 3896-3899 3900-3901 3902-3906

50412 50413 50414 50415

$ $ $ $ $ $

$

$ $ $ $

$ $

Amount 105,397.61 87Q,356.75 16,597.88 63,794.92 66,115.25 27,506.08

1,149,768.49

184.70 184.70 184.70 184.70

738.80 1,1so,so1.29

1

AP300R *** CHECK

DATES

03/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/06/18

PAGE

l

CHECK	VEND#
DATE

•...• INVOICE .••••..• EXPENSED	TO...	SUB	VENDOR	NAME	STATUS	AMOUNT	..•• CHECK ....•		
DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS				AMOUNT	#		

3/02/18	00129	

2/17/18	4215	201802	320-53800-57400		
2/17/18	RPLC	CEILING  TILES  GRDHS		
	4215	201802	300-13100 -10100		
3/01/18	RPLC	CEILING  TILES  GRDHS		
	4216	201802	320-53800 -53000		
3/01/18	GRIND/RPLC  CONCRETE  SDWLK		
	4216	201802	300-13100-10100		
	GRIND/RPLC  CONCRETE  SDWLK		

*	231.00		
			
*	154.00		
			
*	9,705.00		
			
*	6,470.00		

3/02/18	00072	

- - -	-	- - -		
2/28/18		28534		
2/28/18		PAINT		
		28534		
		PAINT		

- - - -	-	- - -	- - -	BERRY	CONSTRUCTION		
				-					
201802	320-53800-53000					
PAVEMNT/15	MIN	PARK						
201802	300-13100-10100					
PAVEMNT/15	MIN	PARK	FAUSNIGHT	STRIPE			
						&		

INC .

LINE  INC

-	-	-	-	-	- - - -	-	16,560.00	003877		
							-	- - - -			
*					4,314.00						
											
*					2,876.00						
											
-	-	-	-	-	- - - -	-	-	7,190.00	003878		
								- - - -			

3/02/18	00054	

12/29/17	2018MAR	201803	320-53800-34500						
12/29/17	SECURITY	SERVICES	MARIS						
	2018MAR	201803	300-13100-10100						
	SECURITY	SERVICES	MARIS						
				REUNION	RESORT	&	CLUB	MASTER		

ASSOC.

*					7,000.00					
										
*					4,666.66					
										
-	-	-	-	-	- - - -	-	11,666.66	003879		
							- - -  - -			

3/02/18	00060	

2/02/18 2/02/18 2/07/18 2/07/18 2/07/18 2/07/18 2/10/18 2/10/18 2/19/18 2/19/18 2/22/18 2/22/18

317783		201802	320-53800-46200	
INST.MOTOR/SEAL/ORING/DIF	
317783		201802	300-13100-10100	
INST.MOTOR/SEAL/ORING/DIF	
317813		201802	320-53800-46200	
INST.SPA	TIMER	HMSTD  SPA	
317813		201802	300-13100 -10100	
INST.SPA	TIMER	HMSTD  SPA	
317814		201802	320-53800 -46200	
TRBLSHT		PUMP/RPLC  MOTOR	
317814		201802	300-13100-10100	
TRBLSHT		PUMP/RPLC  MOTOR	
317849		201802	320-53800-46200	
REPLACE		SPA  TIMER	
317849		201802	300-13100-10100	
REPLACE		SPA  TIMER	
317949		201802	320-53800-46200	
INST.MAG.LTCH/SLFCLS  HNGE	
317949		201802	300-13100-10100	
INST.MAG.LTCH/SLFCLS  HNGE	
318019		201802	320-53800-46200	
TRBLSHT	HEATER/RPLC  SENSR	
318019	201802	300-13100-10100	
TRBLSHT	HEATER/RPLC  SENSR	
			SPIES	

POOL

LLC

*	465.81			
				
*	310.54			
				
*	126.27			
				
*	84.18			
				
*	456.21			
				
*	304.14			
				
*	126.27			
				
*	84.18			
				
*	277.44			
				
*	184.96			
				
*	164.97			
				
*	109.98			
				
	2,694.95	003880		

REUE

REUNION

EAST

TVISCARRA

AP300R *** CHECK

DATES

03/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A  REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/06/18

PAGE

2

CHECK	VEND#
DATE

••••• INVOICE . .•..•.. EXPENSED	TO...	SUB	VENDOR	NAME		
DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS			

STATUS	AMOUNT	•.•• CHECK ...••
AMOUNT	#

3/02/18	00154	
3/02/18	00030	

3/01/18		6637	201803	320-53800-48000		
3/01/18		LANDSCAPE	CONSULTING	MAR		
		6637	201803	300-13100 -10100		
		LANDSCAPE	CONSULTING	MAR		
- - -	-	- - -	- -	- -	- - - -	SUNSCAPE		
						- - - -		
3/01/18		204383	201803	320-53800-47300		
3/01/18		LANDSCAPE	CONTRACT-MARIS		
		204383	201803	300-13100 -10100		
3/01/18		LANDSCAPE	CONTRACT-MARIS		
		204383	201803	330-53800 -47300		
		LANDSCAPE	CONTRACT-MAR18		

CONSULTING

*					1,950.00						
											
*					1,300.00						
											
-	-	-	-	-	- - - -	-	-	3,250.00	003881		
								- - - -			
*					37,806.85						
											
*					25,204.57						
											
*					1,024.58						

3/06/18	00049	

- - -	-	- - -	- - - - -	YELLOWSTONE		
				- - - - - - -		
3/01/18		428	201803	310-51300-34000		
3/01/18		MANAGEMENT  FEES	MAR18		
		428	201803	310-51300-35100		
3/01/18		INFO  TECHNOLOGY	MAR18		
		428	201803	310-51300-31300		
3/01/18		DISSEMINATION  FEE  MAR18		
		428	201803	310-51300-51000		
3/01/18		OFFICE	SUPPLIES			
		428	201803	310-51300-42000		
3/01/18		POSTAGE			
		428	201803	310-51300-42500		
3/01/18		COPIES				
		428	201803	310-51300-41000		
		TELEPHONE			

LANDSCAPE

-	-	-	-	-	-	- -	-	-	64,036.00	003882		
									-  - - - -			
*					3	, 582.08					
												
*						183.33					
												
*						416.67					
												
*						20.63					
												
*						9.87					
												
*						36.45					
												
*						21.	21					

3/06/18	00103	
3/06/18	00103	

3/01/18	429	201803	320-53800-12000					
	FIELD	MANAGEMENT	MAR18					
				GOVERNMENTAL	MANAGEMENT  SERVICES	
3/06/18	03062018  201803	300-20700-10500					
	FY18	EHOF  ACQUIS	SER15-l					
				REUNION	EAST	COD	C/0	USBANK	
3/06/18	03062018  201803	300-20700-10600					
	FY18	EHOF  ACQUIS.	SER15-2					
				REUNION	EAST	COD	C/0	USBANK	

*					3,454	. 50						
												
-	-	- -	-	- - -	-	-	-	7,724.74	003883		
								- - - -			
*				324,797.75						
												
-	-	-	-	-	- - -	-	-	324,797.75	003884		
								-	- - - -			
*				370,829.92						
												
-	-	-	-	-	- - -	-	-	370,829.92	003885		
								-	- - - -			

3/06/18	00103	
3/09/18	00092	

3/06/18	03062018	201803	300-20700-10700			
	FY18  EHOF  ACQUIS.	SER15-3	EAST		
				REUNION			
2/28/18	022818	201802	320-53800-41000			
	HC  PHONE	LINE	4574	FEB18			

COD

C/0

USBANK

*				167,004.34					
										
-	-	-	-	- - -	- -	-	167,004.34	003886		
							- - - - -			
*					33.18					

REUE  REUNION  EAST	TVISCARRA

AP300R *** CHECK

DATES

03/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/06/18

PAGE

3

CHECK	VEND#

DATE

3/09/18	00074	

3/09/18	00129	

3/09/18	00134	

.•.•• INVOICE •••••••. EXPENSED	TO...			VENDOR	NAME			
DATE		INVOICE	YRMO	DPT	ACCT#  SUB	SUBCLASS				
2/28/18		022818	201802	300-13100-10100						
2/28/18		HC  PHONE	LINE	4574	FEB18							
		022818	201802	330-53800 -41000						
2/28/18		HC  PHONE	LINE	9758	FEB18							
		022818	201802	330-53800 -41000						
		HC  PHONE	LINE	9867	FEB18							
						REUNION	RESORT				
2/28/18		167955	201802	320-53800-47000						
2/28/18		AQUATIC	PLANT	MGMT	FEB18							
		167955	201802	300-13100 -10100						
		AQUATIC	PLANT	MGMT	FEB18							
						APPLIED	AQUATIC  MANAGEMENT,	INC.		
3/06/18		4217	201803	320-53800-46200						
3/06/18		LIGHT  BOLLARD/BULB/SOCKET							
		4217	201803	300-13100-10100						
3/06/18		LIGHT  BOLLARD/BULB/SOCKET							
		4218	201803	320-53800-57400						
3/06/18		REATTACH	DOOR	FRAME	AT	GH							
		4218	201803	300-13100-10100						
		REATTACH	DOOR	FRAME	AT	GH							
- - -	-	- - - -	- - -	- - -	- -	BERRY	CONSTRUCTION	INC.			
						- -	-						
3/07/18		1808	201802	310-51300-31100						
		POINCIANA  PRKWY/CDD	MTG	BOYD	CIVIL  ENGINEERING			

STATUS						AMOUNT			•.•• CHECK ...••		
											AMOUNT	#		
*							22.12							
															
*							55.30							
															
*							55.30							
															
-	-	-	-	-	-	-	-	-	-	-	-	165.90	003887		
												- - -			
*							77	.40							
															
*							51.60							
															
-	-	-	-	-	-	-	-	-	-	-	-	129.00	003888		
												- - -			
*						459.00							
															
*						306.00							
															
*							81.00							
															
*						54.00							
															
-	-	-	-	-	-	-	-	-	-	-	-	900.00	003889		
												- - -			
*						897.70							
															
	-	-	-	-	-	-	-	- -	-	-	897.70	003890		
											- - -			

3/09/18	00160	

3/03/18 3/03/18 3/03/18 3/03/18

11140 MONTHLY 11140 MONTHLY 11140A MONTHLY 11140A MONTHLY

201802 320 -53800-12200 RENT FEB18
201802 300 -13100-10100 RENT FEB18

201803 320-53800-12200 RENT MAR18

201803 300-13100-10100 RENT MAR18
CITICOMMUNITIES

LLC

*					2,043.18						
											
*					1,362.12						
											
*					2,043.18						
											
*					1,362.12						
											
-	-	-	-	-	- - - -	-	-	6,810.60	003891		
								- - - -			

3/09/18	00078	
3/09/18	00092	

2/23/18		2018096	201802	310-51300-49300		
		2017	TAX	ROLL	FEE		
- - -	-	- -	- -	- - -	OSCEOLA		
					- - - - - - - -		
2/28/18		DUKE-DUK	201801	320-53800-43000		
2/28/18		DUKE	ENERGY  #54512  29301		
		DUKE-DUK	201801	320-53800 -43000		
		DUKE	ENERGY  #64321-61161		

COUNTY

PROPERTY

APPRAISER

*					816.53							
												
-	-	-	-	-	- - - -	-	-	-	816.53	003892		
									- - -			
*					195.06							
												
*					472.41							

REUE  REUNION  EAST	TVISCARRA

AP300R *** CHECK

DATES

03/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A  REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/06/18

PAGE

4

CHECK	VEND#
DATE

••... INVOICE •...•••. EXPENSED	TO...	VENDOR	NAME		
DATE	INVOICE	YRMO	DPT	ACCT#  SUB	SUBCLASS			
2/28/18	RECDDREE	201802	320-53800-46200				
2/28/18	POOL  CLEANING  SERVS-FEB18				
	RECDDREE	201802	300-13100-10100				
2/28/18	POOL  CELANING  SERVS-FEB18				
	TOHO-TOH	201801	320-53800-43100				
2/28/18	TOHO  METER#49005514	JAN18				
	022818A	201801	320-53800-41000				
	CP  PHONE	LINE	2365	FEB18				

STATUS	AMOUNT	••.• CHECK . • •••		
		AMOUNT	#		
*	1,980.00				
					
*	1,320.00				
					
*	457.91				
					
*	33.18				

2/28/18 2/28/18 2/28/18 2/28/18 2/28/18

022818A	201801	
CP  PHONE	LINE	
022818A	201801	
HS  PHONE	LINE	
022818A	201801	
HS  PHONE	LINE	
022818A	201801	
HS  PHONE	LINE	
022818A	201801	

300-13100-10100 2365 FEB18 320-53800-41000 9325 FEB18 300-13100-10100 9325 FEB18 320-53800-41000 9385 FEB18 300-13100-10100

*	22.12		
				
*	33.18		
				
*	22.12		
				
*	33.18		
				
*	22	.12		

HS	PHONE	LINE	9385	FEB18	
REUNION  RESORT

-	-	-	-	-	-	-	-	-	-	-	4,591.28	003893		
											- - - -			

3/09/18	00060	
3/09/18	00030	

2/24/18		318092	201802	320-53800-46200		
2/24/18		TRBLSHT	HEATER/RPLC	KNOB		
		318092	201802	300-13100 -10100		
		TRBLSHT	HEATER/RPLC	KNOB		
- - -	-	- - - -	- - - -	- -	SPIES		
					- - - - -		
2/28/18		203279	201801	320-53800-46500		
2/28/18		RAINBIRD/VALVE/ROTOR/SLND		
		203279	201801	300-13100-10100		
		RAINBIRD/VALVE/ROTOR/SLND		

POOL

LLC

*						132.00							
													
*						88.00							
													
-	-	-	-	-	-	- - -	-	-	-	220.00	003894		
										-  - -			
*					1,240.12							
													
*						826.75							

3/16/18	00095	

- - -	-	- - - -	- - -	- - - -	YELLOWSTONE		
					- - - -		
2/28/18		S99236	201802	320-53800-57400		
2/28/18		INST.GEAR  REDUCE/ARM	BRCK		
		S99236	201802	300-13100-10100		
3/12/18		INST.GEAR  REDUCE/ARM	BRCK		
		S99407	201803	320-53800-57400		
3/12/18		REPLACE	BELT/TEST			
		S99407	201803	300-13100-10100		
		REPLACE	BELT/TEST			

LANDSCAPE

-	-	-	-	-	-	- -  -	-	-	2,066.87	003895		
									- - - -			
*						710.40						
												
*						473.60						
												
*						97.37						
												
*						64.91						

3/16/18	00129	

- - -	- - -	- - - -	-	- -	- - - - -	ACCESS		
						-		
3/12/18	4225	201803	320-53800-53200		
3/12/18	RE-INST.STOP	SIGN	CABANA			
	4225	201803	300-13100 -10100		
	RE-INST.STOP	SIGN	CABANA			

CONTROL

TECHNOLOGIES,

INC.

	1,346.28	003896		
*	48.00			
				
*	32.00			

BERRY  CONSTRUCTION  INC.

80.00	003897	

REUE

REUNION

EAST

TVISCARRA

AP300R *** CHECK

DATES

03/01/2018

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2018  ***	REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/06/18

PAGE

5

CHECK	VEND#
DATE

••••• INVOICE •••••••• EXPENSED	TO...	SUB	VENDOR	NAME	STATUS	AMOUNT	.•.• CHECK ..•••		
DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS				AMOUNT	#		

3/16/18	00119	
3/16/18	00030	

3/20/18	00103	
3/20/18	00103	

3/14/18		80149		201802	310-51300-31500						
		COD	MTG/PRESS.WASH	PROPSL						
- - -	-	- -	- -	- - - -	-	LATHAM,SHUKER,EDEN  &	BEAUDINE,LLP		
						- - - - - -						
1/31/18		200575	201801	320-53800-47300						
1/31/18		LANDSCAPE  CONTRACT-JAN18						
		200575	201801	300-13100 -10100						
1/31/18		LANDSCAPE  CONTRACT-JAN18						
		200575	201801	330-53800 -47300						
3/01/18		LANDSCAPE  CONTRACT-JAN18						
		204410	201803	320-53800 -46200						
3/01/18		AQUATIC	SERVICES-MAR18						
		204410	201803	300-13100-10100						
		AQUATIC	SERVICES-MAR18						
						YELLOWSTONE	LANDSCAPE			
3/20/18		03202018	201803	300-20700-10000						
		FY18	DEBT  SERV	SER2015A						
						REUNION	EAST	CDD	C/0	USBANK		
3/20/18		03202018	201803	300-20700-10500						
		FY18	DEBT  SERV	SER2015-l						
						REUNION	EAST	CDD	C/0	USBANK		

*	1,124.64		

-	-	-	-	-	-	- - -	-		
*					32,514.51			
									
*					21,676.34			
									
*						881.15			
									
*					3,703.20			
									
*					2,468.80			
									
-	-	-	-	- - - - -	-		
*					65,439.35			
									
-	- -	-	-	-	- - -	-		
*						675.90			
									
-	-	-	-	-	-	- - -	-		

-	1,124.64	003898		
	- - - -			

61,244.00	003899		
-	-	- - -			
65,439.35	003900		
-	-	- - -			
-	-	675.90	003901		
		- - -			

3/30/18	00095	

3/30/18	00129	

3/16/18	S99534		201803	320-53800-57400		
3/16/18	SWING	GATE/TIMER  SWTCH  ON		
	S99534		201803	300-13100-10100		
3/27/18	SWING	GATE/TIMER  SWTCH  ON		
	S99754		201803	320-53800-57400		
3/27/18	PUT  ARM	ON  BARRIER  GATE		
	S99754		201803	300-13100-10100		
	PUT  ARM	ON  BARRIER  GATE		
				ACCESS		
3/22/18	4230		201803	320-53800-53000		
3/22/18	GRIND/RPLC  CONCRET  SIDEWK		
	4230		201803	300-13100-10100		
3/23/18	GRIND/RPLC  CONCRET  SIDEWK		
	4228		201803	320-53800-46200		
3/23/18	INST.CHAINLINK	FENCE  TERR		
	4228		201803	300-13100-10100		
3/23/18	INST.CHAINLINK	FENCE  TERR		
	4229		201803	320-53800-46200		
3/23/18	RMV/RPLC	VANDALIZED  FENCE		
	4229		201803	300-13100-10100		
	RMV/RPLC	VANDALIZED  FENCE		

CONTROL

TECHNOLOGIES,

INC.	-		
- -			

		*							187.20			
												
		*							124.80			
												
		*							79.20			
												
		*							52.80			
												
-	-	-	-	-	-	-	-	-	- - -	-		
		*						12,465.00			
												
		*						8,310.00			
												
		*							441.00			
												
		*							294.00			
												
		*							255.00			
												
		*							170.00			

-	-	444	.	00	003902		
		-	-	-			

BERRY  CONSTRUCTION  INC.

21,935.00	003903	

REUE

REUNION

EAST

TVISCARRA

AP300R *** CHECK

DATES

03/01/2018

-

YEAR-TO-DATE
03/31/2018	***	

ACCOUNTS  PAYABLE  PREPAID/COMPUTER
REUNION  EAST-GENERAL  FUND
BANK  A  REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/06/18

PAGE

6

CHECK DATE

VEND#

•

.

. • • INVOICE •••••	
DATE	INVOICE	

••• EXPENSED  TO ...
YRMO	DPT  ACCT#

SUB

VENDOR
SUBCLASS

NAME

STATUS

AMOUNT

••.. CHECK •.•..	
AMOUNT	#	

3/30/18	00163	

-	- - -	-	- -	-	
	3/30/18		00060		

-	- - -	-	- -	-	
	3/30/18		00142		

- - - - - - - -

	2/02/18		1392			201802		320-53800-47500																
	2/02/18		PRESSURE	WASH	STABLES																
			1392			201802		300-13100-10100																
			PRESSURE	WASH	STABLES																
-	- - -	-	- -	-	-	- -	-	-	PRESSURE	WASH	-	THIS	-	-	-	-	-		
									- - - - - - -	-	-	-	-	-		-	-							
	3/01/18		319022		201803		320-53800-46200															
	3/01/18		TRBLSHT/TIGHT	CONNECTION																
			319022		201803		300-13100 -10100																
	3/08/18		TRBLSHT/TIGHT	CONNECTION																
			319117		201803		320-53800-46200																
	3/08/18		PM  INSPCT/CLEAN	2  HEATERS																
		319117		201803		300-13100-10100																
	3/08/18		PM  INSPCT/CLEAN	2  HEATERS																
			319118		201803		320-53800- 46200																
	3/08/18		RPC	SPA  VALV/ADJ.POOL  LVL																
			319118		201803		300-13100-10100																
	3/12/18		RPC	SPA  VALV/ADJ.POOL  LVL																
		319164		201803		320-53800-46200																
	3/12/18		RPLC  MOTOR/SEAL/ORING/DIF																
		319164		201803		300-13100-10100																
	3/12/18		RPLC		MOTOR/SEAL/ORING/DIF																
			319165		201803		320-53800-46200																
	3/12/18		RPLC		IMPLR/DIFFUSR/CTRLBD																
			319165		201803		300-13100-10100																
	3/19/18		RPLC		IMPLR/DIFFUSR/CTRLBD																
		319225		201803		320-53800-46200																
	3/19/18		RPLC		MOTOR/SEAL/ORING/DIF																
		319225		201803		300-13100-10100																
			RPLC	MOTOR/SEAL/ORING/DIF																
-	- - -	-	- -	-	-	- -	-	-	SPIES	POOL	LLC	-	-	-	- -		-	-		
									- - - - - - -	-	-	-	-	-	-									
	3/23/18	39211			201803		330-53800-47800																
	3/23/18		HC  QTRLY	SPRNKLR  INSPEC																
		39212			201803		320-53800-47800																
	3/23/18		STBL		QTRLY	SPRNKLR  INSPC																
		39212			201803		300-13100 -10100																
			STBL		QTRLY	SPRNKLR  INSPC																
-	- - -	-	- -	-	-	- -	-	-	UNITED	FIRE	PROTECTION,	-	INC.		
									- - - - - - -	-	-	-	-	-	-	-	-	-	-			-	-		

-

-

-

- -

-	-

-	-

-

-

-

-

-

-

*	720.	00		
				
*	480.00		
				
-	-	-	-	-	-	-	-	-	-	-	-	-	1,200.00	003904		
													- - - -			
	*							129.00						
																
	*							86	.00						
																
	*							274.79						
																
	*							18	3.19						
																
	*							138.27						
																
	*							92.18						
																
	*							588.24						
																
	*							392.16						
																
	*							442.41						
																
	*							294.94						
																
	*							705.54						
																
	*							470.36						
																
-	-	-	-	-	-	-	-	-	-	-	-	3,797.08	003905		
												-	- - - -			
	*							65.00						
																
	*							39.00						
																
	*							26.00						
																
-	-	-	-	-	-	-	-	-	-	-	-	-	130.00	003906		
													- - - -			

TOTAL

FOR

BANK

A

1,149,768.49

TOTAL

FOR

REGISTER

1,149,768.49

REUE

REUNION  EAST	TVISCARRA

•

•

•

•	•

•

•

•

•

•

•

•

• •

•••••

•	•		

Reunion East

Community

Development District

Unaudited Financial Reporting

February 28, 2018

•

•	•   •

•

•	•

•

•

•	•

•

•

•	•

	Table of Contents	
1	Balance Sheet	
2	General Fund Income Statement	
3	Replacement & Maintenance Income Statement	
4	Debt Service Series 2002A-2 Income Statement	
5	Debt Service Series 2005 Income Statement	
6	Debt Service Series 2015A Income Statement	
7	Debt Service Series 2015-1 lncome Statement	
8	Debt Service Series 2015-2 Income Statement	
9	Debt Service Series 2015-3 Income Statement	
10	Capita I Projects Series 2005 Income Statement	
11-12	Month to Month	

13-14	FY18 Assessment Receipt Schedule

~ CASH CUSTODY ACCOUNT STATE BOARD OF ADMINISTRATION INVESTMENTS SERIES 2002A-2 Reserve Revenue SERIES 2005 Reserve Revenue Construction SERIES 2015A Reserve Revenue Prepayment SERIES 2015-1 Reserve Revenue SERIES 2015-2 Reserve Revenue Prepayment SERIES 2015-3 Revenue DUE FROM REUNION WEST DUE FROM GENERAL FUND

TOTAL ASSETS

LIABILITIES; ACCOUNTS PAYABLE CONTRACTS PAYABLE CUSTOMER DEPOSIT DUE TO DEBT 2015A DUE TO DEBT 2015-1 DUE TO DEBT 2015-2 DUE TO DEBT 2015-3 DUE TO REUNION WEST ACCRUED INTEREST PAY ABLE 2002A-2 ACCRUED PRINCIPAL PAYABLE 2002A-2 ACCRUED INTEREST PAY ABLE 2005 ACCRUED PRINCIPAL PAY ABLE 2005 fl/ND EQIJJIY· FUND BALANCES: ASSIGNED UNASSIGNED RESTRICTED FOR DEBT SERVICE 2002A-2 RESTRICTED FOR DEBT SERVICE 2005 RESTRICTED FOR DEBT SERVICE 2015A RESTRICTED FOR DEBT SERVICE 2015-1 RESTRICTED FOR DEBT SERVICE 2015-2 RESTRICTED FOR DEBT SERVICE 2015-3 RESTRICTED FOR CAPITAL PROJECTS

TOTAL LIABILITIES & FUND EQUITY & OTHER CREDITS

		Reunion East				
COMMUNITY DEVELOPMENT DISTRICT				
		COMBINED BALANCE SHEET				
		February 28, 2018				
		Replatement	Debt		
General		& Maintenance	Service		
$2,490,331	$160,432				
$460,876				
		$2,552,940				
					$3	
				$124,746	
					$4	
				$215,177	
				$175,000	
			$2,122,694	
				$11,599	
				$345,275	
				$91 ,041	
			$374,013	
				$1	,094	
				$3	,305	
					$58	
$127,521	$13,686				
			$870,974	
$3,078,729	$2,727,058	$4,334,983	
$96,569					
$1	,323					
$15,000					
$5,000					
$324,798					
$370,830					
$167,004					
$22,566					
			$1,468,196	
			$1,685,000	
			$1	,015,000	
			$1,160,000	
$242,752	$2,727,058				
$1,832,887					
			($3,028,447)	
			($1,959,819)	
			$2,314,293	
			$763,109	
			$750,390	
			$167,260	
53,078,729	521727,058	54,334,983	

Capital

Projects

$10

510

$10

SJO

(Memorandum Only)	
2018			
$2,650,763	
	$460,876	
$2,552,940	
		$3	
	$124,746	
		$4	
	$215,177	
		$10	
	$175,000	
$2, 122,694	
	$11	,599	
	$345,275	
	$91,041	
	$374,013	
	$1	,094	
	$3.305	
		$58	
	$141,207	
	$870,974	
$10,140,778	
	$96,569	
	$1,323	
	$15,000	
	$5,000	
$324,798	
$370,830	
$167,004	
	$22,566	
$1	,468,196	
$1,685,000	
$1,015,000	
$1	, 160,000	
$2,969,810	
$1,832,887	
($3 ,028,447)	
($1,959,819)	
$2,314,293	
$763,109	
$750,390	
$167,260	
		$10	
SIO	140,778	

~					
Special		Assessments	-	Tax Collec\OJ	
Special		Assessments	-	Dired.	
Jnteresl										
Miscellanoou.	Income		
Renlal	Income	-	Base			
Rental	Income	-	Opemting Expenses/CAM	
TOTAL		REVENUES	
EXPENDITURE§·			
1DMJNISTRATJV£i		
Supervisor	Fees				
FICA											
Engim:ering					
Auomcy								
Trustee		Fees					
Arbilrage							
Collmioo Agent			
Disseminalion					
Property	Appraiser Fee		
Property	Taxes					
Annual	Audit					
District		Managrment Fees	
lnfom111tion	Technology	
Telephone							
POlllage										
Printing	&	Binding			
lnsumoc							
Legal	Advertising			
Other	Curren.I Charges		
Office	Supplies					
Travel	Per	Diem				
Dues,	Licenses	& Subscriptions	
	TOTAL	ADMINISTRATIVE	
i1f.d lmtid.~~ll.dRED EXPENS,.~.:	
Field	Management			
Facility		~e Agreement	
Telephone							
Elei.:tric										
Waler&	Sewer					
Ga,											
Pool &	Fountain	Mainlenanoe	
Environmcn111l					
Property	Insurance			
lnigation	Repairs				
Landscape	Contract			
LanWlcapc	Contingency		
Landscape	Consulting			
Gate and	Gatehouse Expenses	
Roadwpys/Sidcwalks			
Lighting									
MSA Building	Rq,airx		
Pres:.ureWashing			
Mainlenanoc (Inspo;:tions)	
Pest Control					
Signagc										
Security										
C.O!tf..MUNITY	C.Er:f.'[E.R •	
Laidsc,pe							
Tdcphone							
Ele<:trii.										
Waler&		Sewer					
Ga,											
Maintenance (Inspections)	
f!:!.AINTENAN ( E-DIR§_£T EaPENSES •	
lrrigalion	System	Operations	
Continga1c:y					
Transfer	Out						
	TOTAL	MAINTENANCE	
TOTAL	EXPENDITURES	
EXCESS	REVENUES (EXPENDITURES)	
FUND	BALANCE· Beginning	
FUND	BALANCE - Ending	

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
GENERAL FUND			
Statement of Revenues & Expenditures	
For The Period Ending February	28,	2018	
ADOPTED	PRORATED BUDGET	
BUDGET		THRU 2/28/18	
$1,092,735		S848,815	
S922,677		S692,008	
$250		S104	
SS,368		S2,236	
Sl2,J50		$12,150	
$10,585		$10,584	
S2 043,765		SI  565 897	
St2,000		$5,000	
$918		$383	
S15,000		$6,250	
$35,000		$14,583	
Sl?,500		so	
$3, 600		so	
S5,000		$5,000	
$5,000		S2,083	
Sl,000		$1,000	
$400		$167	
$5,100		$2,125	
$42,985		$17,910	
$2,200		S917	
$300		S125	
S3,SOO		S1,458	
$2,SOO		51,042	
$14,800		$14,800	
Sl,500		S625	
$600		S250	
$500		$208	
$500		$208	
$175		$175	
$170 078		$74,309	
S41,454		$17,273	
$31,562		$13,151	
$4,800		$2,000	
$348,000		$145,000	
$45,000		$18,750	
$46,200		S19,250	
SI0S,000		$43,750	
56,000		S2,500	
$26,100		S26,IOO	
$7,500		$3,125	
5465,774		$194,073	
$23,295		$9,706	
$23,400		$9,750	
$19,200		$8,000	
$27,840		$11,600	
$4,800		$2,000	
S24,000		SI0,000	
$24,000		SI0,000	
51,050		$438	
$435		$181	
$2,400		$1,000	
$84,000		$35,000	
516,000		$6,667	
S1,500		$625	
533,000		$13,750	
54,200		$1,750	
$500		S208	
Sl,250		$521	
S100,000		$41,667	
so		so	
$355,427		so	
S1.873,687		$647, 833	
52,043 765		$722,143	
so			
so			
so			

ACTIJAL	
THRU2l28/l8	
	S848,815	
	S<0,;2,467	
	S386	
	$0	
	512,150	
	SI0,584	
S1,334,402	
	$4,800	
	$367	
	S4,341	
	S6,927	
	so	
	so	
	$5,000	
	52,083	
	$817	
	$0	
	$0	
	$17,910	
	$917	
	$0	
	S199	
	$265	
	S13,453	
	$208	
	S178	
	$106	
	$0	
	$175	
	S57,746	
	$17,273	
	SI0,216	
	$2,253	
	$167,712	
	S22,237	
	$19,607	
	543,671	
	S2,137	
	$24,914	
	52,727	
	$174,595	
	S2,832	
	$17,841	
	53,306	
	$41,184	
	$4,450	
	$20,651	
	$1,296	
	$39	
	so	
	S4,419	
	$35,000	
	54,732	
	5552	
	S7,710	
	5787	
	$124	
	$65	
	so	
	5160	
	so	
S632.487	
$690,234	
$644,168	
S1	,431.471	
S2,075 639	

VARIANCE

so			
(S229,540)		
S282			
(52,236)		
$0			
$0			
s23t49s	,1		
1			
S200			
SIS			
Sl,909			
S7,657			
so			
so			
so			
(SO)		
$183			
$167			
S2,125			
$0			
so			
5125			
Sl,259			
$777			
$1,347			
S417			
$72			
S103			
5208			
so	I		
s16,563			
so			
$2,935			
($253)			
($22,712)			
(S3,487)			
($357)			
S79			
$363			
$1,186			
$398			
S19,477			
$6,875			
($8,091)			
$4,694			
($29,584)			
($2,450)			
($10,651)			
$8,704			
S399			
Sl81			
($3,419)			
so			
Sl ,935			
S73			
S6,040			
S963			
$85			
$456			
S41,667			
($160)			
so			
S15 ,3461		
$31,9091		

2

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

REPLACEMENT & MAINTENANCE FUND

Statement of Revenues & Expenditures

For The Period Ending February 28, 2018

REVENUES:

Transfer In

Interest

TOT AL  REVENUES

EXPENDITURES:

Building Improvements

Signage

Pool Furniture

Pool Repair & Replacements

Landscape Jmprovements

Roadways/Sidewalks Improvement

Signalization

ADOPTED		
BUDGET		
$355,427	
$10,000	
$365.427	
$60,000	
$6,000	
$7,200	
$31	,800	
$75,000	
	$0	
$90,000	

PRORATED	ACTUAL	
THRU 2/28118	THRU 2/28/18	
$0	$0	
$4, 167	$15,870	
$4.167	$15,870	
$25,000	$0	
$2, 500	$0	
$3,000	$S,088	
$13,250	$4, 184	
$31,2S0	$95,184	
$0	$5,592	
$37,500	$0	

VARIANCE		
$0		
$11,703		
s11.103	1	

525,000 $2,500 ($2,088) $9,066 ($63,934) ($S,S92) $37,500

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

$270.000	$112,500	$110.048		
$9S.427		1$94.178 )		
				
$2,842,453		$2.821.236		
$2,937.880		$2,727,058		

$2,452

3

REVENUES:			
Special Assessments		
Interest			
TOTAL  REVENUES		
EXPENDITURES:		
Interest Expense 11	/0 I		
Principal Expense 05/01		
Interest Expense 05/0 I		
TOT AL EXPENDITURES	
OTIIEll FiNANCING	sOllRO:S jllSESI	
Transfer In (Out)			
Other Debt Service Costs	
TOTAL OTHER			
EXCESS REVENUES	(EXPENDITURES)	
FUND BALANCE	- Beginning	
FUND BALANCE	- Ending	

Reunion East			
COMMUNITY DEVELOPMENT DISTRICT		
Debt Service 2002A-2			
Statement of Revenues & Expenditures		
For The Period Ending February 28,	2018		
ADOPTED	PRORATED	
BUDGET	THR U 2/28/	18	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		so	
$0		$0	
$0		SD	
so		so	
$0		$0	
$0			
$0			
$0			

ACTUAL				
THRU 2/28/18	VARIANCE			
	$0	$0			
	$396	S396			
	$396	$396	I		
	$0	$0			
	$0	$0			
	$0	$0	!		
	$0	so			
					
	so	so			
	$0	$0			
	$0	so	1		
					
	$396				
1$3,028.8431				
($3	,028,447 I				

4

REVENUES:

Special Assessments

Interest

TOTAL  REVENUES

EXPENDITURES:

Interest Expense ll/0 I

Principal Expense 05/0 I

Interest Expense 0510 I

TOT AL EXPENDITURES

OTHER FINANCING SOURCES /tJSES}

Transfer In (Out)

Other Debt Savice Costs

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

Reunion East			
COMMUNITY DEVELOPMENT DISTRICT	
Debt Service 2005			
Statement of Revenues & Expenditures	
For The Period Ending February 28,	2018	
ADOPTED		PRORATED	
BUDGET	THRU 2/28/18	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0		$0	
$0			
$0			
$0			

ACTIJAL THRU 2/28/18

$0 $702

$702

$0 $0 $0

$0

$0 ($9,789)

($9,789)

($9,086)

($1,950,733)

($1,959,819)

VARIANCE		
$0		
$702		
$7021	
$0		
$0		
$0		
so	I	
$0		
($9,789)		
($9,789)	I	

5

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2015A

Smtement of Revenues & Expendirures

For The Period Ending February 28, 2018

REVENUES:		
Special	Assessmaits .	Tax Collector	
Special	Assessments ~	Prepayments	
lnt~I			
TOTAL  REVENUES	
EXPENDITURES:		
lntem;t	Expense I J/01		
Principal Expense 05/01	
Interest Expense 0510 I		

ADOPTED

BUDGET

$2,568,595 $0 $100

$2,568,695

$691,000 $1 , 215,000 $691 ,000

PRORATED	
THRU 2/28118	
$1	,993,527	
	so	
	$42	
$1,993.569	
$691,000	
	$0	
	$0	

ACTUAL	
TIIRU 2128/18	
$1	,993,527	
	$11 ,599	
	$2, 782	
$2,007.908	
$691.000	
	$0	
	so	

VARIANCE

so		
$11 ,599		
$2,740		
s,4.340	1	
$0		
$0		
so		

TOTAL EXPENDITURES		
OTUEF, ►JNI\NCING , OllRCE	{USES)	
Transfer ln (Out)		
Other Debt Service Costs		
TOTAL OTHER		
EXCESS REVENUES (EXPENDITURES)	
FUND BALANCE · Beginning		
FUND BALANCE - Ending		

$2,597,000	$691.000	

so	so	
so	$0	
$0	$0	
($28,305 )		
$807.0J0		
$778,705		

$691.000

so

$0

$0

$1,3 16.908

$997.385

$2.314,293

so '	
$0		
$0		
so	I	

6

REVENUES:				
Special	Assessments	-	Tax Collector		
Special	Assessments	-	Direct Billed		
lnlerest					
TOTAL  REVENUES		
EXPENDITURES:				
Interest Expense l 1/0	I			
Principal Expense 05/01		
Interest Expense 05/0 I			
TOTAL EXPENDITURES		
OTHER FINANCING SOURCES	IU SESl	
Transfer In (Out)				
Other Debt Seivice Costs		
TOTAL OTHER				
EXCESS REVENUES (EXPENDITURES)	
FUND	BALANCE - Beginning		
FUND	BALANCE - Ending		

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
Debt Service 2015-1		
Statement of Revenues & Expenditures	
For The Period Ending Febniary 28, 2018	
ADOPTED	PRORATED	
BUDGET	THRU 2/28118	
$22,855	$22,586	
$656,3 IO	$492,233	
$0	$0	
$679,165	$514.818	
$220,770	$220,770	
$245,000	$0	
$220,770	$0	
$686,540	$220,770	
$0	$0	
$0	$0	
$0	$0	
1$7.3751		
$283,704		
$276,329		

ACTUAL THRU 2128118

$22,586 $329,851

Sl,491

$353,928

$220,770 $0 $0

$220 770

$0 so

$0

$133 . 158

$629,951

$763,109

VARIANCE		
	$0		
($162, 382)	
$1	,491		
($160,890 11	
	$0		
	$0		
	$0		
	so	1	
	so		
	$0		
	so	I	

7

REVENUES:			
Special Assessments	- Din:ct Billed		
Interest			
TOTAL  REVENUES		
EXPENDITURES:			
Interest Expense 11/0 I		
Principal Expense 05/0 I		
Interest Expense 05/01		
TOT AL EXPENDITURES		
OTHER FINANCING SOURCES 1l1	SES 1	
Transfer In (Out)			
Other Debt Service Costs		
TOTAL OTHER			
EXCESS REVENUES (EXPENDITURES)	
FUND BALANCE -	Beginning		
FUND BALANCE -	Ending		

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
Debt Service 2015-2		
Statement of Revenues & Expendin.ires	
For The Period Ending February 28, 2018	
ADOPTED	PRORATED	
BUDGET	THRU 2/28/18	
$745,860	$559,395	
$100	$42	
$745.960	S559.437	
S265,650	$265, 650	
$220,000	$0	
$265,650	$0	
$751.300	5265,650	
so	$0	
$0	$0	
$0	$0	
($5 340)		
$266.862		
$261.522		

ACTUAL		
T HRU 2/28118		
$373,	127	
Sl ,417	
$374.544	
S265,650	
	$0	
	$0	
$265.650	
	so	
	so	
	$0	
SI08 .894	
S641.496	
$750,3 90	

VARIANCE		
($186, 268)		
$1	,375		
[$184.893 )1	
	$0		
	$0		
	$0		
	so	I	
	$0		
	so		
	$0		

8

REVENUES:		
Special Assessments - Direct	Billed	
lntet<St			
TOTAL  REVENUES		
EXPENDITURES:		
lnleresl Expense 11/01		
Principal Expense 05/0 I		
Interest Expense 05/0 I		
TOT AL EXPENDITURES		
OTHER FINANCING SOURCES !U SES !	
Transfer In (Out)		
Other Debt Service Costs		
TOTAL OTHER		
EXCESS REVENUES (EXPENDITURES)	
FUND	BALANCE. Beginning	
FUND	BALANCE - Ending		

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
Debt Service 2015-3		
Statement of Revenues & Expenditures	
For The Period Ending February 28, 2018	
ADOPTED		PRORATED	
BUDGET		THR U 2/28/18	
$336,265	$252,199	
	$0	$0	
$336.265	$252. 199	
$108,735	$108,735	
$12,000	$0	
$l08,735	$0	
$229.470	$108.735	
	$0	$0	
	$0	$0	
	$0	$0	
$106,795		
$l08	414		
$215.209		

ACTUAL		
THRU 2/28118		
$167,401	
$112	
$167,513	
$108,735	
	$0	
	$0	
$108.	735	
	$0	
	$0	
	$0	
$58.778	
$l08.482	
$167.260	

VARIANCE		
($84,798)		
$112		
1s84.68611	
$0		
$0		
$0		
so	1	
so		
$0		
so	!	

9

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Capital Projects 2005

Statement of Revenues & Expenditures

For The Period Ending February 28, 2018

REVENUES:		
Interest		
TOTAL  REVENUES		
EXPENDITURES:		
Capital Outlay		
TOTAL EXPENDITURES		
OTHER FINANCING SOURCES I	SES l	
Transfer In (Out)		
TOTAL OTHER		
EXCESS REVENUES (EXPENDITURES)	
FUND BALANCE - Beginning		
FUND BALANCE - Ending		

ADOPTED

BUDGET

$0

$0

$0

$0

$0

$0

$0

$0

$0

PRORATED THRU 2/28/18

$0

$0

$0

$0

$0

$0

ACTUAL THRU 2/28/18

$0

$0

$0

$0

$0

$0

$0

$10

$10

VARlANCE

$0

so !

$0

so !

$0

so!

10

Rrvenues		
Special Assessments -	Tax Collector	
Special Assessments -	Di reef.	
lnterest		
Miscellaneous Income		
Rental Income - Base		
Rental Jnoome - Operating Expenses/CAM	
Total	Rcvrnucs		
Expenditures		
Administrative		
Supervisor Fees		
FICA			
Engineering		
Attorney		
Trustee Fees		
Arbitrage		
Collection Agent		
Dissemination		
Property Appraiser Fee		
Property Taxes		
Annual Audit		
District Management Fees	
Infonnation Technology	
Telephone		
Postage		
Prinling & Binding		
Insurance		
Legal Advertising		
Other	CutTCnt Charges		
Office Supplies		
Travel	Per Diem		
Dues,	Licenses &. Subscriptions	

(1d	Nov		
so	Sl40,448	
Sl2,830		$0	
S76		S78	
so		so	
$4,050	$4,050	
S3,528	S),528	
flD.•84	Sl48,IOS	
$1,000	$1,000	
S77		S77	
$572	Sl,239	
$1,584	$1	,384	
so		so	
so		so	
SS,000		$0	
$417	S417	
$0		so	
$0		$0	
$0		$0	
Sl,582	Sl,582	
Sl83	Sl83	
so		so	
S84		Sl6	
$51		$61	
SIJ,453		so	
$208		so	
$178		$0	
$21		S21	
so		so	
S!75		so	
$?6.584	$1,979	

Dec

S612,154 so
S76 so

S4,050 S3,528

S619,808

S800 S6I Sl ,089

Sl ,338 so so so
$417 so

$0 so

SJ,582 Sl83 so S25

$39 so

$0 so
S2I so so

$7,555

	Reunion East CDD								
	Month to Month								
Jan	Feb	Mar	Afr	May	Ju	Jul	Aul	Sept		
S44,167	S52,045	so	so	so	so	so	so	$0		
S449,637	so	so	so	so	so	$0	so	so		
$78	S78	so	so	so	$0	so	so	so		
so	so	so	so	so	so	so	$0	$0		
so	so	so	so	so	so	so	$0	so		
so	so	so	so							
				so	so	so	so	so		
5493,883	$52,123	so	so	so	$0	so	$0	so		
$1,000	$1,000	so	so	so	so	$0	so	so		
			so							
S77	S77	so		$0	so	$0	so	$0		
$545	S898	so	so	so	so	$0	so	so		
Sl,496	Sl,125	so	so	so	so	so	so	so		
so	so	so	so	so	so	so	so	so		
so	so	so	so	so	so	so	so	so		
$0	so	so	so	so	$0	so	so	so		
$417	$417	so	$0	so	so	so	so	so		
so	$817	so	$0	so	so	$0	so	so		
so	so	so	so	so	$0	so	so	so		
so	so	so	so	so	so	so	so	so		
Sl,582	Sl,582	$0	so	so	$0	so	so	so		
S18J	Sl83	so	so	so	so	so	so	$0		
so	so	so	so	so	so	so	so	so		
$41	S33	so	so	so	so	so	so	so		
S45	S69	so	$0	$0	so	so	$0	so		
$0	so	so	so	so	so	so	so	so		
so	so	so	$0	$0	so	$0	so	$0		
so	so	so	$0	$0	so	so	so	so		
S21	$22	$0	so	so	so	$0	so	so		
so	so	so	so	so	so	so	so	so		
so	so	so	so	so	so	so	so	so		
										
57,407	$8,221	so	$0	so	$0	so	$0	$0		

Toal

S848,815 $462,467

$386 so $12,150 $10,584

Sl,334,4021

$4,800 $367 $4,341 S6,927 so so S5,000 $2,083 $817 $0 $0 Sl7,9l0

S9l7 so
$199 $265 SlJ,453 $208 $178
Sl06
so

$175

557,7461

11

Maintenance		
Field Management		
Facility Lease Agreement		
Telephone		
Electric		
Water&Sewt.r		
Gas		
Pool & Fauntain Maintenance	
Environmental		
Property Insurance		
Irrigation		
L1JDdscepe Contract		
Landscape Contingency		
Landscape Consulting		
Gatehouse and Gatehouse	Ex.penses	
Roadways/Sidewalks		
Lighting		
MSA Building Repairs		
Pn:ssure Washing		
Maintenance (Inspections)		
Pest Control		
Signage		
Security		
Community Center		
Landscape		
Telephone		
Electric		
Water& Sewer-		
Gas		
Maintenance (Inspections)		
Pest Control		
Maintenance-Direct		
Irrigation System Operations	
Contingency		
Tmnsf«Out		
Total Expenditures		
Excess Revenues (Expendituns)	

t I

Oct

$3,455	
$2,043	
$449	
$33,063	
$3,995	
$286	
$9,786	
Sl57	
$24,914	
$349	
$32,515	
$196	
Sl,950	
Sl,106	
S9,276	
Sl,774	
Sl,719	
	so	
	so	
	so	
	$0	
S?,000	
$881	
SIIO	
Sl,912	
5145	
$25	
	$0	
	so	
	so	
	$0	
	so	
$1.17,	105	
S16J,	689	
CSl4J, l051	

Nov

S3,455 $2,043 $451 S33,359 $4,396 $3,316 $6,587 $833 so so 532,515 $735 Sl,950 $724 $6,348 5161 S845 S576 $0 so $0 $7,000

S881
Slll

Sl,581

5160

S25 so so

so

$160 so

$108,211

$116,190

S31,915

Oe<

$3,455 S2,043 $451 $33,315 S4,983 S5,211 $8,935 SIS? so $1,138 S44,537 $387 S8,393 so SI0,263 S933

$387 so
$39 so $4,188 S?,000

Sl,207 $110 $1,012 $166 SZ5

565 so

so so so

SBB,401

Sl45,956

$473,852

	Reunion East CDD								
	Month to Month								
Jan	Feb	Mar	Aer	May	Jun	Jal	Aug	Sept		
S3,455	$3,455	so	$0	so	so	so	so	$0		
$2,043	S2,043	so	$0	so	so	so	$0	$0		
$550	$352	so	$0	$0	so	so	$0	so		
$34,090	S3J,884	so	so	so	so	so	$0	$0		
S4,650	S4,213	so	so	$0	so	so	$0	$0		
$4,411	S6,382	so	so	so	so	so	so	so		
$10,852	S7,5IO	so	so	so	so	so	so	so		
$834	$157	so	so	so	so	so	so	so		
so	so	so	so	so	so	so	so	so		
Sl,240	so	so	so	$0	so	$0	so	so		
$32,515	S32,515	so	so	so	$0	$0	$0	so		
		so	$0	$0	$0	so	$0	so		
$1,514	$0									
		so	so	$0	$0	so	so	so		
$3,597	S1,950									
so	$1,476	so	so	$0	$0	$0	so	so		
$1,278	$14,019	so	so	so	so	so	so	so		
so	Sl,583	so	so	so	so	so	so	so		
S5l7	$17,184	so	so	so	so	so	so	so		
so	$720	so	so	so	$0	so	so	so		
so	so	$0	$0	so	$0	$0	so	so		
so	so	so	$0	$0	$0	$0	so	$0		
$231	so	$0	$0	$0	so	$0	so	$0		
$7,000	$7,000	$0	$0	so	so	$0	so	$0		
$881	5881	so	$0	50	50	50	so	so		
SllO	Sill	so	so	so	50	so	so	so		
Sl,356	$1,849	so	so	so	so	so	so	so		
$158	Sl58	so	$0	so	so	so	so	$0		
S24	$25	$0	so	so	so	so	$0	$0		
										
so	$0	so	$0	so	so	so	$0	$0		
so	$0	so	so	so	so	so	so	$0		
$0	$0	so	so	so	so	$0	$0	$0		
$0	so		so	so	so		so	so		
$0	so	so	so	$0	$0	$0	so	so		
Slll,306	$137,465	so	so	so	so	so	so	so		
S118,71J	Sl45,686	$0	$0	so	so	so	so	so		
$375,170	jS93,563j	so	so	so	so	so	$0	$0		

Total		
Sl7,273		
SI0,216		
$2,253		
SI67,712		
$22,237		
Sl9,607		
$43,671		
S2,IJ7		
$24,914		
S2,727		
$174,595		
S2,8J2		
$17,841		
S3,306		
S4l,184		
$4,450		
520,651		
$1,296		
$39		
so		
$4,419		
$35,000		
$4,732		
5552		
S7,710		
$787		
$124		
$65		
so		
so		
S160		
$0		
$632,4871	
S690,234	I	
S644,168	I	

12

Date

Received

Dist.

Gross Assessments

Received

Discounts/

Penalties

REUNION EAST

COMMUNITY DEVELOPMENT DISTRICT

5PEOAL A55E55MENT RECEIPTS· FY2018

TAX COLLECTOR

Gross Assessments	3,924,283

Net Assessments	3,688,826

Commissions	Interest	Net Amount

Paid	Income	Received

1,163,488 1,093,679

General Fund

29.65%

2,732,571 2,568,616 2015A Debt Svc Fund 69.63%

28,224 26,531 2015-1 Debt Svc Fund 0.72%

Total 100%

11/9/17 11/24/17 12/15/17 12/28/17 1/16/18 1/26/18 2/14/18 3/15/18 3/15/18

Totals

ACH ACH ACH ACH ACH ACH ACH ACH ACH

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

35,519.87 4681473.73 1,899,768.69 294,109.32 156,127.07

183,086.30 416.07 96,628.73

3,1.34	1'1-78	

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

1,874.08 18,739.19 75,991.77 11,039.36 4,687.95

3,964.04

1,148.51

117,444.90

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

672.91 8,994.70 36,475.53 5,661.39 3,028.80

3,582.44 8.33 1,909.59

fi0,333.£9

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

559 .51

559.51

$	32,972.88	
$	440,739.84	
$	1,787,301.39	
$	277,408.57	
$	148,410.32	
$	559.51	
$	175,539.82	
$	407.74	
$	93,570.63	
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
$2,956,910.70	

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

9,775.94 130,672.44 529,906.80 82,247.28 44,001.33 165.89 52,044.80 120.89 27,742.22

876	67159	

$	22,959.79	
$	306,897.53	
$	1,244,540.07	
$	193,166.12	
$	103,341.60	
$	389.60	
$	122,232.51	
$	283.92	
$	65,155.43	
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
$		
s		
$	2,058,966.59	

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

$ s

$ $

237.15 3,169.86 12,854.52 1,995.16 1,067.39 4.02 1,262.51 2.93 672.97

21,266.52

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

32,972.88 440,739.84 1,787,301.39 277,408.57 148,410.32 559.51 175,539.82 407.74 93,570.63

2,956,910.70

13

Citicommunitles		
DATE	DUE	
RECEIVED	DATE	
10/12/17	11/1/17	
10/12/17	2/1/18	
10/12/17	5/1/18	

OlEO< NO, 29723 29723 29723

Off	ROLL ASSESSMENTS			
$25,974.00		$10,982.00	$5,636.00	
	100%	42 28%	2170%	
NET	AMOUNT	GENERAL	SERIES	
ASSESSED	RECEIVED	FUND	2015-1	

$	12,986.00	$	$	5,490.00	$		
$	6,494.00	$	$	2,746.00	$		
$	6,494.00	$	$	2,746.00	$		
							
$	25,974.00	$	$	10,982.00	$		

$6,455.00 24 85% SERIES 2015-2

$ $ $

$

$2,901.00

11 17% SERIES 2015-3

$ $ $

$

EHOF Acquisitions II,	LLC	
DATE		DUE	
RECEIVED	DATE	
1/5/18	11/1/17	
	2/1/18	
	5/1/18	
EHOF Acquis: itlons II,	UC	
DATE	DUE	
RECEIVED	DATE	
1/5/18	11/1/17	
	2/1/18	
	5/1/18	
EHOF Acquisitions II,	LLC	
DATE	DUE	
RECEIVED	DATE	
1/5/18	11	/1/17	
	2/1/18	
	5/1/18	
	LRA Orlando LLC	
	DATE	
	RECEIVED	
	10/12/17	
	10/12/17	
	10/12/17	

			$417,271.00					$60, 979.00	$133,942 .00	$153,398.00		$68,952.00		
							100%			14.61%		321	0%			3676%		1652%		
CHECK			NET		AMOUNT		GENERAL		SERIES			SERIES		SERIES		
																	
	NO.			ASSESSED		RECEIVED		FUND		201S-1			2015·2		2015-3		
																	
WIRE		$	208,635.00	$	208,635.00	$	30,489.43	$	66,970.84	$	76,698.82	$	34,475.92		
			$	104,318.00	$			$		$						$			$			
			$	104,318.00	$			$		$						$			$			
			$	417,271.00	$	208,635.00	$	30,489.43	$	66,970.84	$	76,698.82	$	34,475.92		
			$478,249.00				$325,021.00		$57,603.00		$6S,971.00		$29,654.00		
																	
							100%			6796%		1204%			13	79%		620%		
CHECK			NET		AMOUNT		GENERAL		SERIES			SERIES		SERIES		
	NO.																
				ASSESSED		RECEIVED		FUND		2015-1			2015-2		201S-3		
																	
WIRE		$	255,625 .00	$	255,625.00	$	173,724.34	$	30,788.91	$	35,261.62	$	15,850.12		
			$	127,812.00	$			$		$						$			$			
			$	127,812.00	$			$		$						$			$			
			$	511,249.00	$	255,625.00	$	173,724.34	$	30,788.91	$	35,261.62	$	15,850.12		
			$1,698,712.00				$490,847.00	$454,076.00	$520,D36.00	$233,753.00		
							100%			2890%		267	3%			3061%		13 76%		
CHECK			NET		AMOUNT		GENERAL		SERIES			SERIES		SERIES		
																	
	NO.			ASSESSED		RECEIVED		FUND		io1s-1		s	2015-2		2015- 3		
WIRE		$	849,356.00	$	849,156.00	$	245,4 23. 50	$	227, 038.00		260,0l B.00	$	116,376.5'0		
			$	424,678.00	$			$		$						$			$			
			$	424	,678.00	$			$		$						$			$			
			S l ,698	,7ll.Jl0	$	849,356.00	$	24S 423.50	$	Z27,	038	.00	$	260,018.00	$	116,876,SO		
							$6,901.00				$1,848.	00		$5,053.00				
	DUE			CHECK		NET			AMOUNT		GENERAL		SERIES				
																	
DATE			NO.		ASSESSED		RECEIVED		FUND			2015·1				
																	
11/1/ 17			2625	$	3,451.00	$	3,451.00	$		924.00	$	2,527.00				
2	/1/18			2625	$	1,725	.00	$	1,725.00	$		462	.00	$	1,263.00				
5	/1/ 18			2625	$	1,725	.00	$	1,725.00	$		462	.00	$	1,263.00				
						$	6,901.00	$	6,901.00	$	1,848,00	$	5,053.00				
						SUMMARY																
				GENERAL	DEBT SERVICE	DEBT SERVICE	DEBT SERVICE							
				FUND	SERIES 2015-1	SERIES 2015-2	SERIES 2015-3							
TOTAL DIRECT	DILLED		$889,6n.OO		$656,310.00		$745,860.00		$335,260,00							
TOTAL RECEIVED	$	462,467,27	$	329,850.75	$	371,978.44	$	167,202.54							
VARIANCE	$	(427,209.73)	$	(326,459.25)	$	(373,881.56)	$	(168,057.46)							

14

Reunion

East/West

CDD

Direct

Billed

Assessments

for

FY

2018

District

Reunion

East

ll.andownder	Product		

TotalO&M	Total Debt	Total Due

O&M	Debt	Total	Paid	

Oticommunities

11-1-15 DS Interest

34-25-27-4012-0001-0013   66Comm

Estoppel

Totals

$10,982	$14,992	$25,974	
$10,982	$14,992	$25,974	

Nov

Feb

May

Total

$5,491 $2,746 $2,746

$10,982

$7,496 $3,748 $3,748

$14,992

$12,987 Paid - $10,982 - Just O & M

$6,494

$6,494

$25,974

LRA ORLANDO LLC

35-25•27-4885-PRCL-0C30  4 MF

EHOF

11-1-15 Interest

27-25-27-2985-TRAC-FD20  30 Comm/755 MF

35-25-27-4895-PRCL-OlCD  242.29 Comm/701 MF/300 Hotel

27-25-27-2985-TRAC•FD30  10 Comm/56 MF/104 Hotel

$1,848	$5,053	$6,901	Nov	
			Feb	
			May	
			Total	
$358,021	$153,228	$511,249	Nov	
$490,846	$1,207,865	$1,698,711	Feb	
$60,979	$356,292	$417,271	May	
$909,846	$1/17,385	$2,627,231	Total	

O&M $924 $462 $462 $1,848

O&M

$454,923 $227,462 $227,462 $909,846

Debt $2,527 $1,263 $1263 $5,053

Debt

$858,693 $429,346 $429,346 $1,717,385

Total	Paid		
$3,451 Paid- 10/13/17	
$1,725 Paid-10/13/17	
$1,725	Paid	-10/13/17	
$6,901		
Total	Paid		
$1,313,616	Paid	1/5/18	
$656,808 Paid	3/6/18	
$656,808		
$2,627,231			

District

Reunion

West

IL.andownder Reunion West SPE 22-25-27-0000-0020·0000 27-25-27-4927-000lSFl0 27-25-27-4927·0001-SF20 35-25-27-4881-PRCL-006A

TotalO&M	Total Debt	Total Due	
$197,596		$197,596	
$53,310		$53,310	
$58,746		$58,746	
$10 244.00		$10,244	
$319,896.00	$0.00	$319,896.00	

Dec

March

June

5eptember

Total

O&M

$79,974 $79,974 $79,974 $79,974 $319,896

Debt

$0 $0 $0 $0 $0

Total	Paid	
$79,974	12/29/17	
$79,974	3/22/18	
$79,974		
$79 974		
$319,896		

Reunion West HOA 22-25-27-4923-0001-0080 22-25-27-4923-0001-00M0

$159,095	$207,088	$366,183	

Nov	$79,547.50	
Feb	$39,773.75	
May	$39,773.75	
Total	$159,095.00	

$103,544.00 $51,772 .00 $51,772.00 $207,088.00

$183,091.50	Paid· 1/2/17	
$91,545 .75	3/9/18	
$91,545.75		
$366,183.00