Reunion East Community

Development District

Agenda

April

13,

2017

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Reunion

East

Community Development District

135

W. Central Blvd., Suite

Phone: 407-841-5524-

320, Fax:

Orlando FL, 32801

407-839-1526

April

6,

2017

Board of

Reunion

Supervisors

East Community

Development

District

Dear

Board Members:

The regular District will

meeting of the Board of Supervisors of the Reunion be held Thursday, April 13, 2017 at 4:00 .m. at the

East Community Development

Heritage Crossing Community

Center, 7715  Heritage  Crossing Way,  Reunion,

Following is the advance agenda for the meeting:

FL.

Please

note

the

time

of

the

meetin

.

1. 2. 3. 4. 5.

6. 7. 8. 9.

Roll Call				
Public Comment Period				
Approval of the Minutes of	the March 16, 2017 Meeting		
Review and Acceptance of the Fiscal Year 2016	Audit Report		
Consideration  of  Aquatic	Plant  Management  Agreement  with	Applied  Aquatic	
Management, Inc.				
Presentation of Survey Results for Re-Purposing Options of Horse Stables	
Discussion of Community Sign Standards and	Enforcement of CDD Signage Policy	
Discussion of Installation of Bocce Ball Courts			
Staff Reports				

10. 11. 12.

A.  Attorney

B.	Engineer

C.  District Manager's Report

i.	Action I terns List	
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	

13.

Adjournment

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

where the as reflected

public on the

has an agenda,

The third order of business is the approval minutes are enclosed for your review.

of

the

minutes

of

the

March

16, 2017 meeting.  The

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

the review and been provided

acceptance separately.

of

the

Fiscal Year 2016

audit

report.

The fifth Applied

order of Aquatic

business is the consideration Management, Inc. A copy of

of the aquatic plant management agreement the agreement is enclosed for your review.

with

The sixth order of business is for the horse stables. Back-up

the presentation material will be

of the survey results for the re-purposing provided under separate cover.

options

The  seventh	order	
enforcement	of the	
material is available.	

of business CDD signage

is	the	
policy.	

discussion of the This is an open

community	sign  standards  and	
discussion	item  and  no  back-up	

The eighth order Cove. A sketch of

of business is the discussion of the installation the proposed courts is enclosed for your review.

of

bocce ball courts

at

The

The ninth order of business	is Staff Reports.  Section 1 of the District Manager's Report is the	
presentation and discussion	of	the action items list.	A copy of the list	is enclosed for your	
review.  Section 2 includes the	check register for approval	and	Section 3	includes the balance	
sheet and income statement for your review.	Section 4 is	the	discussion	of the status of the	
direct bill assessment collections.	A table with	the direct bill information	is enclosed for your	
review.										

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

be

discussed

at

the

meeting.

In

the

meantime,

if

you

have

any

Cc:

Jan Carpenter, District Counsel

Steve Boyd, District Engineer

Enclosures

-~ z
C:

~ m en

MINUTES OF MEETING REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

The Regular Meeting of the Board of Supervisors of the Development District was held on Thursday, March 16, 2017 at Crossing Community Center, 7715 Heritage Crossing Way, Reunion,

Reunion  East  Community

2:00  p.m.  at  the  Heritage

Florida.

Present and constituting a quorum were:		
Carlton Grant	Chairman	
Mark Greenstein	Vice-Chairman	
Steven Goldstein	Assistant Treasurer	
John Dry burgh ·	Assistant Secretary	
Don Harding	Assistant Secretary	
Also present were:		
George Flint	District Manager	
Andrew d' Ade sky	District Counsel	
Steve Boyd	District Engineer	
Alan Scheerer	Field Manager	
FIRST ORDER OF BUSINESS	Roll Call	
Mr. Flint called the meeting to order, and roll call was taken.	
SECOND ORDER OF BUSINESS	Public Comment Period	
There not being any, the next item as followed.	
THIRD ORDER OF BUSINESS	Approval of the Minutes	
	9,  2017 Meeting	

of

the February

Mr. Flint: Are there any additions, deletions, or corrections to those minutes?

On MOTION by Mr. Harding, seconded by Mr. Dryburgh, with all in favor, the minutes of the February 9, 2017 meeting were approved.

Reunion East CDD

Regular Meeting

FOURTH ORDER OF BUSINESS

March 16, 2017

Page 2 of 12

Discussion of Estoppel Request from Armstrong Reunion, LLC

Mr.	d' Adesky: We received an Estoppel Request from Armstrong Reunion, LLC which		
is an entity that we entered into an agreement with several years ago. Since Publix bought out		
Armstrong, they are just looking to receive an Estoppel that states our compliance with the		
maintenance agreement that they recorded. Their obligations under the maintenance agreement		
are limited to maintaining that retaining wall that is across the street. I drove by it today and it		
looks fine,	I did not see any structural deficiencies with the retaining wall. That is really the		
only ongoing maintenance	responsibility they have. I don't see any issue with giving them an		
				
Estoppel. We can just say that they are in compliance and also write in there a reminder that		
they have the ongoing maintenance responsibility for the retaining wall. Other than that, they		
are in compliance, the rest	of the stuff is maintained by us.			
Mr.	Goldstein: So, we will have no responsibility for the retaining wall?			
Mr.	d' Adesky: No, it will still be their ongoing responsibility.			
Mr.	Flint:  When they began developing that commercial parcel and they had to put		
retaining walls in, the position that the CDD took at the time said that we were maintaining the		
landscaping but we weren't going to take on any responsibility for the retaining wall. There was		
an agreement entered into where they took on the obligation to the extent that	if there was ever		
an issue with the retaining wall they were responsible for that. Now because of	the sale, they are		
calling it an Estoppel which is a little unusual because it is not a typical Estoppel, they are		
asking for	a letter basically  saying the current owner is in compliance with that agreement.		
From our perspective, they are. Issuing this letter doesn't really impact the discussion about		
future cost sharing. We are not compromising.			
Mr.	Greenstein: There is a premature cutoff in Osceola. I saw a very close call. There is		
a driveway pad that they cut in for future use, they did not measure the amount of the roadway		
going up that hill. If you take your eyes off the road for a split second, expecting you are going		
to be going straight up a ramp, you will barrel into reflective posts because it goes nowhere.		
Mr. Harding: Haven't we done that twice?			
Mr. d' Adesky: I've	taken that turn also.			
Mr. Greenstein: I've heard so many people that have done that.			
Mr.	d' Adesky: It looks like an entrance, especially at night.			
Mr.	Greenstein: Are we vulnerable in that area?			

Reunion East CDD

Regular Meeting

March 16,

Page 3

2017 of 12

Mr.	d' Adesky: That is	the County's responsibility, and it is their duty to control that		
intersection.				
Mr.	Greenstein: From an engineering standpoint, we should have done this years ago,		
unless they are going to do something with that like open it up. They have to close it on the		
right.					
Mr.	Harding: It is my	understanding that it.is going to be an active entrance at some		
				
point, although if plans change and it is	no longer going to be an entrance it needs to be taken		
out.					
Mr.	Greenstein: It has been there	for a long ti~e. I only brought it up because I almost		
saw an accident happen.				
	On MOTION by Mr. Greenstein, seconded by Mr. Harding, with		
	all in favor, the Estoppel Request to Armstrong Reunion, LLC was		
	approved.				

FIFTH ORDER

OF

BUSINESS

Consideration

Environmental

of Resource

Transfer

Permits

of

	Mr.  Boyd:  In  your  agenda  package,  there	is  a  specific  notice  from  the  Water		
Management District about a permit that needs to be transferred to the operating entity. That		
facility	is the	maintenance facility, and it drains to a dry bottom pond adjacent to County road		
				
532. It	was  actually  built by the  District as  a  drainage  facility  for  the  pond  and  a  future		
development track. This is one of	several permits we received notices about from the Water		
Management  District.  They  claim	to  be  missing  paperwork  certifying  that  the  project  is		
complete and that the CDD now maintains the facilities. Several years ago, when these facilities		
were actually completed, the CDD did start assuming maintenance responsibilities for those.		
The issue is, the District says they are missing the paperwork that says that is the case. I'm		
confident that these have all been completed and are in order. We are going to go through them		
one by	one and get the District any paperwork that they are missing. The next meeting I'll be		
bringing the Board a list of permits that need followed up on.		

SIXTH ORDER OF BUSINESS

A.	Attorney

Staff

Reports

Reunion East CDD

Regular Meeting

March 16,

Page 4

2017 of 12

Mr. d' Adesky: We don't have too much to report on, obviously, there has been nothing	
occurred from the trustee regarding the negotiations of settlement. I know	that we intended to	
talk about the right-of-way maintenance and I will say that I did have a	look and did some	
research. I was informed of this ahead of time, and did look at the Interlocal Agreement, a local	
agreement that we have with the County involving right.:of-way maintenance. It was backdated	
to the establishment of the CDD, so it expires in 5 years and we would have to renegotiate it	
then. It does contain a 60 day out. So, if we ever wanted to pull out of it we would give 60 day	
notice and pull out if	we want to. The County could require us to pull up everything we have	
there currently and lay down sod.  It is a very  old agreement and simply written. It doesn't	
contemplate pulling out from a portion of it, it is either all out or all in. That is the status of the	
Interlocal as of date. I sent a message to Boyd, the DRI has been rescinded.		
Mr.	Boyd: The	DRI has not been rescinded.		
Mr.	d' Adesky:	It has not, okay. But, that is the agreement we have in place	
Mr. Goldstein: According to what Alan was telling me, to maintain that median and both	
sides of Road 532 is roughly $170,000 a year. The CDD and homeowners are paying for that.	
What I would propose	if there is a way to do it, is to go ou,t to the other developments and other	
property owners along Road 532 and say "pay your fair share." The center median is almost	
$104,000, the north Reunion side is $41,000, and the south Reunion side is $27,000. The other	
suggestion, made by a homeowner, if no one is going to contribute we should just pay for the	
maintenance of the property in front of the entrance way and somehow segregate that off. I	
think it is something we should be concerned with, since we are spending all that money.	
Mr.	Harding: We irrigate that too, is that cost in there?		
Mr.	Scheerer: No, that is just the landscape cost.		
Mr. Harding: We irrigate that too?		
Mr.	Scheerer: Yes, all of it.		
Mr. Harding: The reason I'm asking is because the irrigation is a real problem. We are	
flooding the road every night. I see people swerving to not get into the water, and that could	
cause a major accident. We would be liable because we are spraying it right across road in the	
middle of the night, every night.		
Mr.	Scheerer:	It shouldn't be sprayed in the middle of the road every night.  I'm not	
saying that the system is perfect. These are mechanical rotors and sometimes they get off track.	

Reunion East CDD

Regular Meeting

March 16,

Page 5

2017 of 12

Yellowstone does go through the system, it is not intentional for the rotors to be aimed at the	
road.			
Mr.	Harding: It	is going east from I-4, and it is near the Fire Station.	
Mr. Greenstein:	That's something we can work with Yellowstone on?	
Mr.	Scheerer:  Yes,  their  guys  do  regular  wet  checks  here  in  the  community.  I've	
experienced the same thing even during the day.	
Mr.	Goldstein: As far as maintaining that property out there, granted I would hate to see	
it go bad, how does it benefit us Reunion owners? I understand why the developer wanted an	
attraction for Reunion corning up 532, but what purpose does it serve the owners?	
Mr.	Dryburgh: One thing you need to consider when you start talking about cutting your	
expenses is that no one else is going to step up to it. You have a direct impact on the value of	
your house. First time  someone sees Championsgate and it is well maintained with nice cut	
grass and plants, then they see Reunion's landscaping is overrun, overgrown, not maintained or	
watered  properly,  they  will  have  an  attitude  about  Reunion.  They  will  think  Reunion  has	
financial problems and I'm not sure that's how you want to go.	
Mr.	Grant: I agree with that.	
Mr. Dryburgh: You either have to get cooperation or suck it up and pay it.	
Mr.	Harding: Isn't it shared between the Districts?	
Mr.	Scheerer: Yes, it is a shared cost between the East and West Reunion. Jan and I had	
discussed this, pending Board direction and where to go with this.  We did think if we were	
going to pursue this we could start a conversation with the County and talk with them about	
trying to get some of those users tied in and participating.	
Mr.	Dry burgh: The key would be to get the County on board with this. We can't directly	
approach this property and Polk County and get anywhere. If we got with Osceola County and	
maybe during the development approval process that issue can be addressed and we can look at	
cost sharing.		
Mr.	Harding: There are already people in the process of developing on that road right	
now. You're saying there is nothing we can do about those guys?	
Mr.	Scheerer: No, we're just saying it would need to be done through the County.	
Mr.	Harding: Is that Polk County?	
Mr.	Goldstein: Yes, that's Polk County.	

Reunion East CDD

Regular Meeting

March 16,

Page 6

2017 of 12

Mr.	Scheerer: Our interlocal is with Osceola County so they are the entity that would be	
replacing the portions of that in a local agreement.			
Mr.	Greenstein: Just for clarity, l	agree with what Mr. Dryburgh stated so well. l	think	
the 532 was beautified by the developer	to provide that well-kept, above normal standard look	
that makes a difference when people come in. It's like the streetscape for Reunion includes the	
532 median and that's why it was developed that way.			
Mr.	Goldstein: That's all the way from 14 to Old Lake Wilson Road, both sides	of the	
road and the median.				
Mr. Greenstein: l understand that. From 532 to 14 to the wetlands, close to where the	
Landscape Contract building is, that area there will probably be commercially developed. That	
is almost expendable. When it does finally get developed, it will not be part of Reunion even	
though it is Reunion East CDD. Whether we reduce the area, the length of 532, that we	cover	
through this  arrangement,  we  can look  at that.  I do  agree  now that the  Polk side	is	being	
developed, even though the area on the corner Polk side that has our landscaping is	Osceola	
County. The actual line is about 20 feet in. That is why they have the agreement on the other	
matter because the roadway is Osceola.				
Mr.	Scheerer: The other agreement was recorded in the Polk County.			
Mr.	Goldstein: If we do anything, I think we should take the action with the County to	
solicit the other developments and homeowners along 532 from 14 to Old Lake Wilson to	see if	
we can get them to contribute.				
Mr. Scheerer: I think that is the best course of action.			
Mr.	Goldstein: Then we can go from there. It is covered by our interlocal agreement by	
the East and West. It is a shared cost, it isn't just the East that's paying for it. That's not the key	
point though, it's that we have viable development going on and benefiting from what we have	
done. If we can go to the  County and get them to approach the other entities and get some	
financial relief that would be great. We could also look at narrowing the scope of what we are	
doing based upon the future development	of the fire department property.			
Mr.	Scheerer: We don't need any action.			
B.	Engineer				
Mr.	Boyd: l have two items. One is a follow up on a brief report I provided for the	
Reunion signal. I've been promised plans in about three weeks. We did confirm that the existing	
development to left of here has an access on 532 that does not have a signal associated with it.	

Reunion East CDD

Regular Meeting

March 16,

Page 7

2017 of 12

Mr. Harding: What do you mean?					
Mr. Boyd: They have an entrance, but they don't have a signal.				
Mr. Harding: Is there a gap where they are making a left-hand turn?			
Mr. Boyd: They are adding one.					
Mr.		Harding: So, they are turning in front of	all that traffic going 60 miles an hour. It		
doesn't sound like they are thinking long term.					
Mr.		Flint: At the West meeting, we were led to believe that they are going forth to the		
County with a proposal for signalization of that intersection. What Steve found out was that		
they're not going to the County. They just went to the County for designation of the tum lane.		
As you said, it is very close to the 14 intersection. When you are coming east from 14, you go		
around 118	th	of a mile, and it lines up with the cutoff for the fire department. There's an opening		
					
in the median so they just want to control the turning.					
Mr.		Boyd: Whether it is signalized or not is a decision for the County. It is based on		
traffic numbers, if the numbers warrant a signal then they will require a	signal. If the traffic		
numbers  show the  signal  is  not  warranted,  they won't allow one.  What	we  want from  the		
exercise here,  the  signal  at Reunion is now warranted.  Originally, it	wasn't warranted.  The		
warrant numbers are based on how many trips are coming .in and out	of the development, not		
how many trips are coming down the primary road.	If Osceola Co\lllty is going to require a		
signal at that location, the trips they count require it.	I questioned the County Engineer about it		
and the engineer said a signal is not proposed at that location.				
Mr. Greenstein: If they start building those units, you get 300 to 600 people in there,		
they are going to start having issues.					
Mr.	Harding: When we put one in you're going to have an issue anyway because signals		
are going to be backing up.					
Mr.	Greenstein: They'll be synchronized with Old Lake Wilson Road.		
Mr.	Harding: I just see a disaster coming in the next few years.				
Mr.	Boyd: The other item I have to report on, last month you	asked me to investigate		
feasibility	of a gatehouse at the end gated entrance.	I've got a sketch here. Dimensionally, it		
does appear that a gatehouse would work. If it were positioned right in front of the gate. The		
one problem with that, is if someone were to get to the gate, and not be allowed access, there's		
no way to turn around at that point. There is no room to put one further back where they could		
make the U-tum.					

Reunion East CDD

Regular Meeting

March 16,

Page 8

2017 of 12

Mr.

Mr.

Dryburgh: We do that at the back Scheerer: There's a tum around,

gate just

now, there's no place to do a U-tum. like this one, and the gatehouse is after that

turnaround.	
	Mr. Boyd: Also, you can man and monitor a gate, but access can't be denied.	
	Mr. Harding: We know that.	
	Mr.	Boyd: From that standpoint, this would still be functional.  You would have  the	
ability to monitor and control the gate from this location. If this is going to be manned, there is a	
sewer 1n the road that is not too far away. We use a packaged pump station that would pump to	
a 1½	or 2-inch line that would pump to that manhole. That's fairly simple, and there is a water	
line	on the other side of the road so you could get a water line to it fairly simply. If a gatehouse	
were to be configured as shown, it could be done.	
	Mr.	Goldstein: The cost?	
	Mr.	Boyd: To get utilities to it you're looking around $25,000 to $30,000. I don't know	
the cost of the gate house because it is an architectural element, but I would assume that would	
be  at  least  $50,000  to  build  the  structure.  Another  several thousand  to  tie  it  into  the  gate	
electronically. You're looking at around a $75,000 budget for the entire project.	
	Mr. Goldstein: Of course, you have the recurring costs.	
	Mr. Scheerer: I would say closer to $100,000.	
	Mr. Harding: When do we need someone there? We need them in the morning hours and	
at night. What time at night do we need someone there, 11 :00 p.m., 1 :00 a.m.?	
	Mr.	Dryburgh: Probably midnight.	
	Mr.	Goldstein: Well why don't we get it costed out.	
	Mr.	Boyd: We'll need to get an architect to draw that up for us.	
	Mr.	Harding: Could we look at the prospect of having better signage when people drive	
up to the gate?	
	Mr. Goldstein: Alan and I toured that yesterday, and we are talking about putting a fairly	
large sign there telling people this is residence only and main gate entrance.	
	Mr. Harding: It needs to say permanent residence or property owners.	
	Mr.	Boyd: We're going to get a proposal for the architect. Steve can do the civil part of	
it, tying it into the sewer.	
	Mr.	Dryburgh: You would handle the electric.	
	Mr.	Goldstein: In the meantime, we could put the sign up.	

Reunion East CDD

Regular Meeting

March 16,

Page 9

2017 of 12

Mr. Scheerer: Yes, we will work on the sign. We will draw something up and make sure		
everybody is okay with it and then we will have the sign installed. Do we want 1 or. 2 there?		
Mr. Goldstein: One big one. We need to put it where you can't miss it.		
Mr.	Scheerer: I'll get that all together.		
Mr.	Greenstein: The guardhouse on Spline, how would the proposed building compare		
to that?				
Mr. Harding: I would envision it being that size or even smaller.		
Mr. Scheerer: That's a pretty big building, probably twice the size of a guard shack.		
Mr.	Goldstein: It's an adequate size.		
Mr.	Greenstein: It has to blend in with the other guard shacks.		
Mr.	Harding: We could get some technology that actually takes pictures of license plates		
as the cars go through. Let's add some security in there where even if a guy is not there, a guard		
at the other location could check it.		
Mr.	Goldstein: The technology we have here is already in place, other than being able to		
open the gates.			
Mr.	Scheerer: All the gates are recorded now.		
Mr.	Harding: I think a lot of people don't see the signs, because I never see that sign.		
Mr. Greenstein: The signs are bad. That sign has to be at least 6 or 7 years old.		
Mr.	Flint: We will get a proposal, at the April meeting we will bring back a proposal		
from the architect and a work	authorization for the engineer.  We will have that approved in		
				
April.				

C.

District Manager's Report	
1.	Action Items List	

Mr. Flint: There is nothing new on the irrigation turnover. I haven't received a recent update from LRA. Signalization, Steve provided an update on that. The horse stables, with the help of the POA we sent out the survey per the Board's direction at the last meeting. There are no results back yet to share with the Board. We will put that on the April agenda and we can talk about the survey results. Mr. Goldstein: I wonder if we could have the resort put something out to the members making sure they respond to the survey . Mr. Scheerer: We can do that.

Reunion East CDD

Regular Meeting

March 16,

Page 10

2017 of 12

Mr. Flint: We will send a follow up with a due date on it. There are no updates on the	
spa at Heritage Crossing.	If the Board is not interested in moving forward with this we can take	
it off the action items list.				
Mr.	Harding: I'm	okay with that.			
Mr.	Goldstein: We need security more than we need a spa.			
Mr. Flint: Okay, item 5 we have handled for the time being. Item 6 we just talked about,	
we will come back at the April meeting with work authorization for the engineer and a proposal	
from the architect.				
Mr.	Harding: Going back to the horse stables, a couple residents mentioned that many of	
the condo owners don't have the ability to wash their cars. They were wondering	if we could	
throw that on as an option.			
Mr.	Greenstein: On the survey under other, they can write in carwash.		
Mr. Flint: I'm going to add the allocation of the 532 landscape cost to the action items	
list. On google earth, Alan inventoried all the signs. Each one of these yellow pins is a sign and	
you can click on the pin and it pulls up a picture of the sign.			
Mr. Greenstein: Can you give us the link?			
Mr.	Flint: I'll email it to you.			
Mr.	Scheerer: There's one on the  corner I missed,  it was in between the inside and	
outside of the CDD property. Those are all the signs within Reunion from the main entrance.	
Mr.	Goldstein:  A  number  of the  signs  are  resort  signs,  some  are  very  good  and	
professional signs.  Some of the  other ones are  kind  of unprofessional.	I want the resort to	
probably replace those with a more professional type sign. I think a lot of	the homeowners are	
complaining about that.				
Mr.	Scheerer: If you look at a Reunion directional sign, a lot of these signs are two sided	
signs  that  give  direction  throughout  the  community.  There's  some  like  these  "New  Home	
Available" signs.				
Mr. Goldstein: The restaurant sign could be replaced by the other.			
Mr. Grant: I would be more than happy to pay to upgrade those.			
Mr.	Goldstein: In our signage policy, we've said we will allow people 60	days for the.	
signs. The signs cannot be advertisements, they can only be directional. But what	do we do as	
far as putting a note out to some of the other major entities.			
Mr.	Flint: We are still talking about the POA adopting a sign standard.		

Reunion East CDD

Regular Meeting

March

Page

16, 11

2017 of 12

Mr.	Goldstein: So just wait for that to happen?		
Mr. Flint: I exchanged some emails with David earlier today and he's hoping that within	
the next 30 days the POA will adopt that sign standard. Once that sign standard is adopted, the	
CDD can point to  that as  being the  standard that we want on CDD  property.  When we're	
reviewing the inventory of signage, we've got the design standard and our policy. We can issue	
out letters to the people that own the signs and let them know they need to be upgraded because	
the design is not consistent or they need to be removed because they are not directional.	
Mr.	Harding: The condos have open house signs on the street today over there. They	
pulled the signs on the home side but couldn't touch the ones on the terraces side because	
technically that is not their property.		
Mr.	Flint: If they're on private property then it's a POA issue.		
Mr.	Greenstein: As part of the POA review, because I am on the Architectural Control	
Board, at our last meeting  with the  feature  builders  we  gave them the heads	up  about the	
signage  policy  review.  There  are  standards  for  signs  from  a  real  estate  perspective  in  the	
covenants and guidelines package for the feature builders.  We were looking at that and told	
them that we were going to reissue them. It's all tying together.		
Mr.	Goldstein: To that point, Mark, the last time I talked to David he was waiting for the	
guidelines from you?		
Mr.	Greenstein: Correct.		
Mr.	Boyd: It would be best for the CDD and the Master Association to get the current	
information rather than the outdated information.		
Mr.	Dryburgh: One last signage issue, we were talking about having a sign out on of the	
median of 532 or on the opposite side, indicating Reunion Resort this way. I guess we have to	
talk to the County in regards to that.		
Mr.	Scheerer: We would need to create the sign and show them what size it would be	
and what it would look like, and where we would put it. Then we would need to	submit for a	
sign application. If there's a concept anyone has in mind or how you would like	to see it, we	
could probably work with Steve on that.		

ii.

Approval

of

the Check Register

Mr.

February.

Flint:  We  can discuss  any  questions  about the  check register  for  the month

of

Reunion East CDD

Regular Meeting

On MOTION by Mr. Harding, seconded by Mr. Goldstein, with all

in  favor,  the  Check  Register  for  the  month  of  February  was

approved.

m.	Balance Sheet and Income Statement

Mr. Flint: Ifthere are any questions we can discuss them now.

March

Page

16, 12

2017 of 12

iv.

Status

of

Direct Bill Assessments

Mr.

Flint:

If

there are any questions we can discuss them now.

SEVENTH ORDER OF BUSINESS	Other Business

Mr.

Flint:  Any other business?

EIGHTH ORDER OF BUSINESS	Supervisor's Request	
There not being any, the next item as followed.	
NINTH ORDER OF BUSINESS	Next Meeting Date	
April 13, 2017 at 2:30 p.m.		

TENTH ORDER OF BUSINESS There being no further business,

Adjournment

On MOTION by Mr. Greenstein, seconded by Mr. Grant, with all in favor, the meeting was adjourned at 3 :06 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

i

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••
••

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

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	\	DEVELOPMENT		
	'   \			
---"L_	"-	DISTRICT		
71''				
I				

'

FINANCIAL REPORT

Year Ended September 30, 2016

MCDIRMIT Ill DA VIS

CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS

Year Ended September 30, 2016

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
CERTIFlED PUBI.IC ACCOUNTA  TS AND ADVlSORS

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, 2016, 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, 2016, 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 SPE was voluntarily dissolved in the current year.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated March 24, 2017, 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 24, 2017

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, 2016. 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, 2016 by $(11,486,484), an increase in the net deficit of $523,626 in comparison with the prior year.

•	At September 30, 2016, the District’s governmental funds reported fund balances of $1,280,899, a decrease of $726,906 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 four 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, capital projects fund and SPE 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 $(11,486,484) at September 30, 2016. The analysis that follows compares the net position of the District’s governmental activities at September 30, 2016 and September 30, 2015.

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,		
			2016					2015		
Assets, excluding capital assets		$	6,710,039			$	5,760,408		
Capital Assets Net of Depreciation			46,790,897					49,032,102		
Total assets			53,500,936					54,792,510		
Liabilities, excluding long-term liabilities			6,804,450					4,993,564		
Long-term Liabilities			58,182,970					60,761,804		
Total liabilities			64,987,420					65,755,368		
Net Position:			(14,237,073)					(13,784,702)		
Net Investment in capital assets										
Restricted for capital projects			9					59,330		
Bondholders			-					3,347		
Unrestricted			2,750,580					2,759,167		
Total net position	$	(11,486,484)	$	(10,962,858)		

The following is a summary of the District’s governmental activities for the fiscal years ended September 30, 2016 and 2015.

Changes in Net Position

Year ended September 30,

Revenues:		2016	2015		
						
Program revenues	$	6,685,465	17,477,905		
General revenues		102,709		76,888		
Total revenues		6,788,174	17,554,793		
Expenses:						
General government		244,624	11,755,872		
Physical environment		2,944,742	2,868,880		
Culture and recreation		669,877	616,670		
Public safety		98,000	98,000		
Roads and streets		39,996	73,025		
Interest on long-term debt		3,314,561		4,501,935		
Total expenses		7,311,800	19,914,382		
Special Item-land Received from Foreclosure Sale		-	13,440,300		
Special Item-land Sale		-		(10,243,041)		
Change in net position		(523,626)	837,670		
Net position - beginning		(10,962,858)		(11,800,528)		
Net position - ending	$	(11,486,484)	$  (10,962,858)		

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, 2016 was $7,311,800. 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, 2016, the District’s governmental funds reported combined ending fund balances of $1,280,899. Of this total, $9 is restricted, $47,397 is nonspendable and the remainder of 1,233,493 is unassigned.

The fund balance of the general fund increased $565,570 due to an increase in special assessment revenue. The debt service fund decreased $1,229,808 due to higher debt service payments compared to assessment revenue. The capital projects fund balance decreased $59,321 due to and transfers out. The SPE fund was closed during the fiscal year.

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 was one budget amendment to the September 30, 2016 general fund budget. The legal level of budgetary control is at the fund level.

Capital Asset and Debt Administration

Capital Assets - At September 30, 2016, the District had $46,790,897 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, 2016, the District had $60,880,000 in bonds outstanding, including $2,845,000 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, 2016				
	Governmental		
Assets:		Activities		
				
Cash	$	869,194		
Investments		2,969,630		
Due from Reunion West		32,114		
Assessments receivable		22,361		
Other receivables		6,709		
Prepaid costs		47,397		
Restricted assets:				
Temporarily restricted investments		2,762,634		
Capital assets:				
Capital assets not being depreciated		3,620,313		
Capital assets being depreciated, net		43,170,584		
Total assets		53,500,936		
Liabilities:				
Accounts payable and accrued expenses		100,944		
Matured bonds payable		2,845,000		
Matured interest payable		2,483,196		
Accrued interest payable		1,375,310		
Noncurrent liabilities:				
Due within one year		2,565,000		
Due in more than one year		55,617,970		
Total liabilities		64,987,420		
Net Position:				
Net Investment in capital assets		(14,237,073)		
Restricted for capital projects		9		
Unrestricted		2,750,580		
Total net position	$	(11,486,484)		

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, 2016

													Net (Expense)	
													Revenue and	
													Changes in Net	
							Program Revenue					Position	
							Operating Grants	Capital Grants				
				Charges for		and				and		Governmental	
Functions/Programs		Expenses		Services		Contributions	Contributions			Activities	
Governmental activities:															
General government	$	244,624		$	134,765	$	-		$	-	$	(109,859)	
Physical environment		2,944,742			1,556,856			-			-			(1,387,886)	
Culture and recreation		669,877			369,040			-			-			(300,837)	
Public safety		98,000			53,989			-			-			(44,011)	
Roads and streets		39,996			22,034			-			-			(17,962)	
Interest on long-term debt		3,314,561			4,548,304			476			1			1,234,220	
Total governmental activities	$	7,311,800		$	6,684,988		$	476		$	1			(626,335)	
				General Revenues:								
					Investment income							9,868	
					Miscellaneous revenue							92,841	
					Total general revenues							102,709	
					Change in net position							(523,626)	
				Net Position - beginning							(10,962,858)	
				Net Position - ending					$	(11,486,484)	

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, 2016

							Capital				Total		
										Governmental		
Assets:		General		Debt Service		Projects				Funds		
													
Cash	$	869,194	$	-	$	-	$	869,194		
Investments		2,969,630			2,762,625			9			5,732,264		
Due from Reunion West		32,114			-			-			32,114		
Assessments receivable		6,630			15,731			-			22,361		
Other receivables		6,709			-			-			6,709		
Due from general fund		-			5,000			-			5,000		
Prepaid costs		47,397			-			-			47,397		
Total assets	$	3,931,674	$	2,783,356	$	9	$	6,715,039		
Liabilities and Fund Balances:													
													
Liabilities:													
Accounts payable and accrued expenses	$	85,859	$	15,085	$	-	$	100,944		
Due to debt service fund		5,000			-			-			5,000		
Matured bonds payable		-			2,845,000			-			2,845,000		
Matured interest payable		-			2,483,196			-			2,483,196		
Total liabilities		90,859			5,343,281			-			5,434,140		
Fund balances:													
Nonspendable		47,397			-			-			47,397		
Restricted:													
Capital projects		-			-			9			9		
Unassigned		3,793,418			(2,559,925)			-			1,233,493		
Total fund balances		3,840,815			(2,559,925)			9			1,280,899		
Total liabilities and fund balances	$	3,931,674	$	2,783,356	$	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.				46,790,897	
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	(1,375,310)				
Bonds payable	(58,182,970)			(59,558,280)	
Net Position of Governmental Activities	$	(11,486,484)	

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, 2016

															Total		
									Capital					Governmental		
Revenues:		General			Debt Service			Projects			SPE			Funds		
																	
Special assessments	$	2,136,684	$	4,548,304	$	-	$	-	$	6,684,988		
Rental income		83,024				-			-			-			83,024		
Investment income		9,868				476			1			-			10,345		
Miscellaneous revenue		9,817				-			-			-			9,817		
Total revenues		2,239,393				4,548,780			1			-			6,788,174		
Expenditures:																	
Current:																	
General government		162,413				78,864			-			3,347			244,624		
Physical environment		1,265,236				-			-			-			1,265,236		
Public safety		98,000				-			-			-			98,000		
Culture and recreation		108,178				-			-			-			108,178		
Roads and streets		39,996				-			-			-			39,996		
Debt Service:																	
Interest		-				3,189,046			-			-			3,189,046		
Principal		-				2,570,000			-			-			2,570,000		
Total expenditures		1,673,823				5,837,910			-			3,347			7,515,080		
Excess (Deficit) of Revenues Over																	
Expenditures		565,570				(1,289,130)			1			(3,347)			(726,906)		
Other Financing Sources (Uses) :																	
Transfers in		-				59,322			-			-			59,322		
Transfers out		-				-			(59,322)			-			(59,322)		
Total other financing sources (uses)		-				59,322			(59,322)			-			-		
Net change in fund balances		565,570				(1,229,808)			(59,321)			(3,347)			(726,906)		
Fund Balances - beginning of year		3,275,245				(1,330,117)			59,330			3,347			2,007,805		
Fund Balances - end of year	$	3,840,815	$	(2,559,925)	$	9	$	-	$	1,280,899		

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, 2016

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

Net change in fund balances - total governmental funds (page 10)	$	(726,906)		
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					2,570,000		
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	(134,349)						
Amortization of bond premium		8,834				(125,515)		
Change in Net Position of Governmental Activities (page 8)	$	(523,626)		

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, 2016

											Variance with		
								Actual			Final Budget		
												Positive		
		Budgeted Amounts			Amounts				(Negative)		
Revenues:		Original			Final									
														
Special Assessments	$	2,024,762	$	2,112,500	$	2,136,684	$	24,184		
Rental Income		78,660			83,024			83,024				-		
Investment Income		2,100			9,250			9,868				618		
Miscellaneous Revenue		5,964			5,964			9,817				3,853		
Total revenues		2,111,486			2,210,738			2,239,393				28,655		
Expenditures:														
Current:														
General government		150,678			169,059			162,413				6,646		
Physical environment		1,640,996			1,480,184			1,265,236				214,948		
Public safety		98,000			98,000			98,000				-		
Culture and recreation		48,180			52,700			108,178				(55,478)		
Roads and streets		54,880			54,880			39,996				14,884		
Total expenditures		1,992,734			1,854,823			1,673,823				181,000		
Net change in fund balance		118,752			355,915			565,570				209,655		
Fund Balance - beginning		3,275,245			3,275,245			3,275,245				-		
Fund Balance - ending	$	3,393,997	$	3,631,160	$	3,840,815	$	209,655		

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, 2016

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, 2016, 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. In applying the above criteria, the District has one blended component unit as follows:

Reunion East SPE, LLC:

As a result of bond defaults caused by major landowner’s failure to pay certain special assessments, the District and Trustee, on behalf of the bondholders, formed a Special Purpose Entity (“SPE”), Reunion East SPE, LLC. The SPE took title to a portion of the major landowner’s property within the District as a result of various foreclosure and tax deed sales. Pursuant to an agreement between the District, the Trustee and Reunion East SPE, LLC, the SPE will hold, manage and dispose of the property on behalf of the bondholders. The SPE was voluntarily dissolved in the current year.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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.

Special Revenue Fund - Special Purpose Entity (SPE) - will hold, manage and dispose of the property on behalf of the bondholders. This fund was closed in the current year.

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.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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 estimated fair market value at the date of donation.

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

Major outlays for capital assets and improvements are capitalized as projects are constructed. 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, 2016.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016.

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.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016

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

Deficit Fund Balance

At September 30, 2016, the debt service fund had a deficit fund balance of $2,559,925.

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. The District adopted GASB 72 during the fiscal year.

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, 2016:

•	Money market mutual funds of $2,354,058 are valued using Level 2 inputs.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016 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		$	2,354,058		AAAm		39 days	
Local Government Surplus Trust Fund				2,509,847		AAAm		50 days	
US Bank Money Market Account				868,359		NA		NA	
			$	5,732,264					

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016, 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, 2016, 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.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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:

Interfund transfers for the year ended September 30, 2016 are as follows:

		Transfers In		
		Debt					
Transfers Out:		Service				Total	
Capital Projects	59,322				59,322	
	$	59,322			$	59,322	

At September 30, 2016, the general fund owed the debt service fund $5,000 for assessments collected and not transferred.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

Note 5 - Capital Assets:

Capital asset activity for the year ended September 30, 2016 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		(6,680,110)				(1,113,402)			-			(7,793,512)	
Stormwater management		(2,319,491)				(334,947)			-			(2,654,438)	
Recreational facility and amenities		(3,207,697)				(561,699)			-			(3,769,396)	
Electrical, communications and lighting		(1,498,158)				(216,342)			-			(1,714,500)	
Landscaping and irrigation		(116,296)				(14,815)			-			(131,111)	
Total Accumulated Depreciation		(13,821,752)				(2,241,205)			-			(16,062,957)	
Total capital assets being depreciated, net		45,411,789				(2,241,205)			-			43,170,584	
Governmental activities capital assets, net	$	49,032,102	$	(2,241,205)	$	-	$	46,790,897	

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 2016 was charged in the amounts of $1,679,506 and $561,699 to physical environment and culture and recreation, respectively.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016.

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, 2016, total principal and interest remaining on the Series 2002A Bonds totaled $9,480,008, which includes $1,685,000 matured principal payable and $1,468,196 matured interest payable on the Series 2002A-2 Bonds. For the year ended September 30, 2016, principal and interest of $843,984 was recorded as an expenditure and no special assessment revenue was pledged.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016.

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, 2016, total principal and interest remaining on the Series 2005 Bonds totaled $9,199,930. This amount includes $1,160,000 of matured bonds payable and $1,015,000 in matured interest payable that was due, but was not paid. For the year ended September 30, 2016, $850,150 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.

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REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, 2016.

As of September 30, 2016, total principal and interest remaining on the Series 2015 Restructured Bonds totaled $30,668,460. For the year ended September 30, 2016, $1,815,770 principal or interest was paid. Special assessment revenue pledged for the year ended September 30, 2016 was $1,910,042.

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, 2016.

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, 2016, total principal and interest remaining on the Series 2015A Special Assessment Refunding Bonds totaled $44,466,750. For the year ended September 30, 2016, principal and interest of $2,249,142 was paid and special assessment revenue pledged for the year ended September 30, 2016 was $2,638,262.

26

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

Note 6 - Long-Term Liabilities (Continued):

Long-term debt activity for the year ended September 30, 2016 was as follows:

		Beginning									Ending		Due Within		
		Balance			Additions		Reductions			Balance			One Year		
Governmental activities:																
																
Bonds Payable:																
Series 2002	$	4,975,000	$	-	$	(385,000)	$	4,590,000	$	415,000		
Series 2005		5,685,000			-			(405,000)			5,280,000			430,000		
Series 2015		19,235,000			-			(645,000)			18,590,000			550,000		
Series 2015A		30,710,000			-			(1,135,000)			29,575,000			1,170,000		
Bond premium		156,804			-			(8,834)			147,970			-		
Governmental Activity Long-																
term Liabilities	$	60,761,804	$	-	$	(2,578,834)	$	58,182,970	$	2,565,000		

The Series 2002 and 2005 Bonds payable beginning balance excludes $2,055,000 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, $790,000 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, 2016 is $2,845,000.

At September 30, 2016, the scheduled debt service requirements on the bonds payable were as follows:

Governmental Activities
Year Ending								
September 30,				Principal			Interest	
2017		$	2,565,000		$	3,300,742	
2018				2,700,000			3,162,096	
2019				2,845,000			3,015,678	
2020				3,005,000			2,860,956	
2021				3,180,000			2,697,074	
2022 - 2026				17,435,000			10,459,196	
2027 - 2031				16,350,000			5,741,490	
2032 - 2036				9,955,000			1,214,720	
	$	58,035,000	$	32,451,952	

27

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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, has 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 the 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 is valued at $13,440,300.

The Current Developer managed a portion of the Clubhouse through December 2015. The District paid $5,250 of management fees to the Developer in the current year.

SPE:

During the previous fiscal year, the District, at the direction of the Trustee and Bondholders, transferred $988,111 from the debt service and capital projects funds to the SPE. These funds were used to purchase tax certificates on a certain parcel of land within the District. As a result, ownership of the land was transferred to the SPE. During the previous fiscal year, the SPE had acquired land with a cost basis of $1,071,479.

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 the prior fiscal year. During the current fiscal year, the SPE was voluntarily dissolved.

28

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2016

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. Most of these costs are paid by Reunion East and reimbursed by Reunion West. At year end, $32,114 is due from Reunion West for reimbursement of these expenses.

Potential Claim

During the current 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, 2016 totaled approximately $1,920,900, which is 29% 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 $(11,486,484) at September 30, 2016. 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, 2016

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, 2016 required debt service payments on the Series 2002A-2 Bonds and the Series 2005 Bonds.

30

COMPLIANCE SECTION

MCDIRMIT Ill DA VIS
CERTIFlED PUBI.IC ACCOUNTA  TS AND ADVlSORS

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, 2016, and the related notes to the financial statements, which collectively comprise the District’s financial statements and have issued our report thereon dated March 24, 2017.

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, 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 24, 2017. 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 24, 2017

Orlando, Florida

32

IT Ill	VIS
_T

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, 2016, and have issued our report thereon dated March 24, 2017.

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 Reports

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, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 24, 2017, 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 #	2013-14 FY Finding #	2012-2013 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

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, requires that we report 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 Statues, and identification 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 Statues, 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. 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.

Annual Financial Report

Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, requires that we apply appropriate procedures and report the results of our determination as to whether the annual financial report for the District for the fiscal year ended September 30, 2016, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statues, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2016. In connection with our audit, we determined that these two reports were in agreement.

Other Matters

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address 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 have 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 24, 2017

34

REUNION EAST COMMUNITY DEVELOPMENT DISTRICT

APPENDIX A - COMPLIANCE VIOLATIONS OF LAWS,

REGULATIONS AND CONTRACTUAL PROVISIONS

Year Ended September 30, 2016

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

Criteria

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

Condition

All of the debt service payments due on the Series 2005 and Series 2002A-2 Bonds have not been made as of September 30, 2016.

Cause

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

Effect

At September 30, 2016, 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, 2016, 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, 2016

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-2 Bonds due to lack of funds; therefore the District meets Section 218.503(1)(a) as a financial emergency condition.

36

IT Ill	VIS
_T

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, 2016. 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, 2016.

Orlando, Florida

March 24, 2017

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

Reunion East

Community Development District

135 W. Central Boulevard, Suite 320, Orlando, FL 32801

Phone: 407-841-5524 - Fax: 407-839-1526

March 24, 2017

McDirmit Davis Certified Public Accountants & Advisors

Attn: Elden McDirmit

934 N. Magnolia Ave., Suite 100

Orlando, FL 32803

Response to the Management Letter for the fiscal year ended September 30, 2016:

Management Letter Finding:

The District has failed to make mandatory principal and interest payments on the Series 2002A-2 and 2005 Bonds (13-01) and meet the Reserve Fund Requirements on Series 2005 Bonds (13-02).

Management Response to Finding:

The Series 2015, Special Assessment Refunding Bonds ("Series 2015 Bonds") were issued in order to refund defaulted Special Assessment Bonds, Series 2002A-2 and Series 2005 (collectively "Prior Bonds"). However, at the request of the debt holders of the Prior Bonds, the Series 2015 Bonds did not refund 100% of the Prior Bonds leaving a portion of the Prior Bonds outstanding and in default (collectively "Un-exchanged Bonds"). Ttie Un-exchanged Bonds debt holders have made a formal request of the District to review all properties within the District and determine if any of the Un-exchanged Bonds can be assigned to property within the District The District Manager is currently working with District Counsel and the District Engineer to undertake this review. To the extent the Un-exchanged Bonds can be assigned to property they will. In the absence of the assignment of the Un-exchanged nds, the debt holders will need to cancel them to resolve the default.

Ariel Lovera
Treasurer

Reunion East Community Development District

38

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Renewal

P.O. Box 1469

Eagle Lake, FL 33839

1-800-408-8882

AQUATIC PLANT MANAGEMENT
AGREEMENT

Submitted to:	Date:		
	Reunion C.D.D.			
				
Name	c/o GMS Central Florida			
Address	135 W. Central Blvd., Suite 320			
City	Orlando, FL 32801			
Phone	407.841.5524			

March

7,

2017

This Agreement is between Applied Aquatic Management, hereafter called "Customer''. The parties hereto agree as follows

Inc. hereafter called

"AAM"

and

Reunion C.D.D.

A.

AAM agrees to provide aquatic management seNices for a period of		
in accordance with the terms and	conditions of this Agreement in the		
			
One (1) Pond @ Patriots Landing			
Reunion, Florida			

12 months following sites:

B.

C.

The AAM management program will include the control of the following categories of vegetation for the		
specified sum:							
1.	Submersed vegetation		Included					
2 .	control							
	Emersed vegetation		Included					
3.	control							
	Floating vegetation		Included					
4 .	control							
	Filamentous algae control		Included					
5.	Shoreline grass & brush		Included					
	control							
SeNice shall							
	consist of a minimum of monthly					
			inspections and/or treatments as needed to		
maintain control of noxious growth throughout the term of	our seNice.				
Customer agrees to pay AAM the following			this Agreement:		
		amounts during the term of			
	The terms of this agreement shall be:  4/1	/17  thru 3/31	/18			
	Agree will							
	automatically renew as per Term and Condition 14.			
Start-up Charge	NA	Due at the start of	work			
Maintenance Fee	$129.00					
		Due		monthly	as billed		
Total Annual Cost	$1,548.00						
Invoices are due and payable within 30 days.  Overdue				per month		
		accounts may accrue a service charge of 1 112%			

X

12.

D.

E.

AAM agrees to commence		NA	days, weather			
treatment within					
or				permitting, from the date of execution		
receipt of the proper permits.							
Customer							
acknowledges that he has read and is familiar with the			
reverse side which are ·				additional terms and conditions printed on the		
corporated in this agreement.				
ris, VP	Date:	317/2017	Accepted	Date:		
						
AA				Customer			

Terms

and

Conditions

1.

2.

3.

4.

5.

6. 7.

8.

The AAM ·Aquatic Plant Management Program will be conducted in a manner consistent with good water	
management practice using only chemicals which have a wide margin of safety for	fish, waterfowl and human life	
and in conformance with applicable State and Federal Laws, regulations and rules.	AAM agrees to indemnify	
Customer for any violation	of such laws, rules or regulations.			
Federal & State regulations require that various time-use restrictions be observed during & following treatment.  AAM	
agrees to notify Customer	of such restrictions verbally &/or by posting the restrictions at	several readily visible	
locations on the perimeter	of each body of water at the time of treatment.  It shall be the	Customer'sresponsibility	
to observe the restrictions throughout the required period.  Customer understands & agrees that notwithstanding any	
other provisions of this Agreement, AAM does not assume any liability by any party to be notified, or to observe,	
the regulations.				
The AAM Aquatic Plant Management Program is devised so that water areas are brought into a maintenance	
configuration as rapidly after their start, consistent with responsible management practices.  Some forms of	
vegetation (particularly grasses & cattail) have visible residues after chemical treatment.	Customer is responsible	
for removing such residues .			
In addition to the amounts noted on the face of this Agreement, Customer shall also pay fees, taxes (including sales	
taxes) or charges that might be imposed by any government body with respect to the services offered herein.	
This Agreement shall have as its effective date the first day of the  month in which services are first rendered	
to Customer and shall terminate upon the last day of a month.			
AAM is licensed & insured.  Certificates of Insurance will be provided upon Customers request.	
If at any time during the term of this Agreement, Customer does not feel AAM is performing in a satisfactory manner	
Customer shall promptly notify AAM who shall investigate the cause of Customer'slack of satisfaction & attempt to	
cure same.  If nonsatisfactory performance continues, this Agreement may be voided -by either party giving thirty	
days notice & payment of all monies owing to the effective date of termination, which shall be the last day of the	
month.				
Neither party shall be responsible in damages, penalties or otherwise for any failure or delay in the performance	
of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders &	
regulations, curtailment or failure to obtain sufficient material, or other forces (whether or not of the same class	
or kind as those set forth above) beyond its reasonable control & which, by the exercise	of due diligence, it is	
unable to overcome.				

9.

10. 11.

12.

13. 14.

AAM agrees to hold Customer harmless from any loss, damage or claims arising out of the sole negligence of AAM however, AAM shall in no event be liable to Customer or others, for indirect, special or consequential damages resulting from any cause whatsoever.

This Agreement shall be governed by and construed in accordance with the laws of the State of Florida

In the event a legal action is necessary to enforce any of the provisions of this Agreement, the prevailing party is entitled to recover legal costs & reasonable attorney fees .

This Agreement constitutes the entire Agreement of the parties hereto & no oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing & accepted by an authorized representative of AAM & Customer.

This Agreement may not be assigned by Customer without the prior written consent of MM.

This Agreement shall automatically renew for term equal to its original term, unless a "Notice of Cancellation" has been received. The contract amount shall be adjusted at a rate of 3% increase per year on the anniversary date of this Agreement. Unless otherwise agreed to in writing, by both parties, services shall be continuous without interruption.

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Reunion East and West CDDs Action Items

Item#

Meeting

Assigned

Action Item

Reunion East

Assigned

To:

Date Due	Status	Comments

1 2

3 4 5
6 7

Item#

1

3/14/11	Irrigation Turnover	Developer		
	Research Signalization of Reunion				
2/12/15	Entrance	Boyd			
8/13/15	Horse Stable Options Evaluation	Flint/Carpenter		
	Resident Use of Heritage Crossing				
2/9/17	Community Center	Flint			
	Research Costs of Staffed Gate at				
2/9/17	Excitement Drive	Boyd			
	Improved Signage for Excitement				
2/9/17	Drive lndicatinq Resident Only Gate	Flint			
3/16/17	Allocation of 532 Costs	Scheerer/Boyd		
Meeting		Reunion West			
					
Assigned	Action Item	Assigned	To:		
	Resean~h Signlalization of Reunion				
8/11/16	Entrance	Boyd			

In

In

In

In

In

In

In

Date Due

In

Process

Process

Process

Process

Process

Process

Process

Status

Process

Awaitinq TWA Response

Proposal on Design

Approved 1/12/17
Survey Results to be

Presented at 4/13/17

Meeting

Get Proposal from Butler for Guardhouse

Comments Proposal on Design Approved 1/12/17

revised 3/9/2017

Reunion East	
Community	Development District	
Summa	ry of Check Register	
March 1,	2017 to March 31, 2017	

Fund	Date	
General Fund	3/3/17	
	3/10/17	
	3/11/17	
	3/17/17	
	3/20/17	
	3/24/17	
	3/31/17	
Replacement & Maintenance	3/3/17	
	3/10/17	
	3/17/17	
	3/31/17	
Payroll	March2017	
	Carlton Grant III	
	Donald Harding	
	John Dryburgh	
	Mark Greenstein	
	Stven Goldstein	

CheckNo.'s 3572-3573 3574-3580 3581-3582 3583-3587 3588-3590 3591-3593 3594-3599

18-19 20 21 22

50352 50353 50354 50355 50356

$ $ $ $ $ $ $

$

$ $ $ $

$

$ $ $ $ $

$

$

Amount

12,502.86 17,003.61 86,202.74 73,464.63 427,208.00 10,012.00 5,536.53

631,930.37

6,095.00 440.00 62,053.89 7,695.00

76,283.89

184.70 184.70 184.70 184.70 184.70

923.50

709,137.76

I

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	CHECK	REGISTER	
*** CHECK	DATES	03/01/2017	-	03/31/2017  ***	REUNION	EAST-GENERAL	FUND			
					BANK  A	REUNION  EAST	CDD			

RUN	4/07/17	PAGE	l	

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

AMOUNT

•.•• CHECK •••.•	
AMOUNT	#	

3/03/17	00054	
3/03/17	00060	

1/13/17		2017MAR	201703	320-53800-34500			
1/13/17		SECURITY	SERVICES	MAR17			
		2017MAR	201703	300-13100-10100			
		SECURITY	SERVICES	MAR17			
- - -	-	- - -		- -	- -	- -	REUNION	RESORT		
							- - - - - -			
2/01/17		302688		201702	320-53800-46200			
2/01/17		REPAIR	HC	SPA	BLIGHT			
		302688		201702	300-13100-10100			
2/07/17		REPAIR	HC	SPA	BLIGHT			
		302753		201702	320-53800-46200			
2/07/17		SUMP	WATER/INSPCT	FTN  EQP			
		302753		201702	300-13100-10100			
2/07/17		SUMP	WATER/INSPCT	FTN  EQP			
		302755		201702	320-53800-46200			

&

CLUB

MASTER

ASSOC.

* *

* * * * *

7,350.00	
4,316.66	
118.	35	
69.50	
105.53	
61.97	
184.84	

11,666.66	003572	

2/07/17 2/20/17 2/20/17

REPAIR 302755 REPAIR 302871 REPAIR 302871 REPAIR

HC POOL 201702 HC POOL 201702 LEAK HS 201702 LEAK HS

AND	SPA  B
300-13100-10100
AND  SPA  B
320-53800-46200
SPA  VALVE
300-13100-10100
SPA  VALVE

* * *

108.56	
118.	09	
69.36	

3/10/17	00092	

- - -	-	-	- - -	- - -	- -	SPIES	POOL  LLC		
						- - - - - -			
2/28/17		022817	201702	320-53800-41000			
2/28/17		HC	PHONE	LINE	4574	FEB17			
		022817	201702	300-13100 -10100			
2/28/17		HC	PHONE	LINE	4574	FEB17			
		022817	201702	330-53800 -41000			
2/28/17		HC	PHONE	LINE	9758	FEB17			
		022817	201702	330-53800 -41000			
		HC	PHONE	LINE	9867	FEB17			
						REUNION  RESORT		

* * * *

34.74

20.41

55.15

55.15

836.20	003573	

165.45	003574	

3/10/17	00074	
3/10/17	00095	

2/28/17	160246	201702	320-53800-47000					
2/28/17	AQUATIC	PLANT	MGMT-FEB17					
	160246	201702	300-13100-10100					
	AQUATIC	PLANT	MGMT-FEB17					
			APPLIED	AQUATIC	MANAGEMENT,	INC.		
3/09/17	S-92286	201703	320-53800-57400					
3/09/17	RPLC  COUNTER  WEIGHT/SHEAR					
	S-92286	201703	300-13100-10100					
	RPLC  COUNTER  WEIGHT/SHEAR					
			ACCESS	CONTROL	TECHNOLOGIES,	INC.		

* *

* *

78.75

46.25

99.05

58.17

125.00	003575	
157.22	003576	

REUE  REUNION  EAST  TVISCARRA

AP300R *** CHECK

DATES

03/01/2017

-

YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	
03/31/2017	***	REUNION	EAST-GENERAL	FUND	
.		BANK  A	REUNION  EAST	CDD	

CHECK

REGISTER

RUN

4/07/17

PAGE

2

CHECK	VEND#	
DATE		
3/10/17	00092	

••... INVOICE ........ EXPENSED	TO...		VENDOR	NAME		
DATE	INVOICE	YRMO	DPT	ACCT#  SUB	SUBCLASS			
2/28/17	DUKE-DUK	201701	320-53800-43000					
2/28/17	DUKE  ENERGY  #54512	29301					
	DUKE-DUK	201701	320-53800 -43000					
2/28/17	DUKE  ENERGY  #64321-61161					
	RECDDREE	201702	320-53800 -46200					
2/28/17	POOL  CLEANING	SERVS-FEB17					
	RECDDREE	201702	300-13100-10100					
2/28/17	POOL  CLEANING	SERVS-FEB17					
	TOHO-TOH	201701	320-53800-43100					
2/28/17	TOHO  METER#49005514	JAN17					
	022817A	201702	320-53800-41000					
2/28/17	CP  PHONE	LINE	2365	FEB17					
	022817A	201702	300-13100-10100					
2/28/17	CP  PHONE	LINE	2365	FEB17					
	022817A	201702	320-53800-41000					
2/28/17	HS  PHONE	LINE	9325	FEB17					
	022817A	201702	300-13100 -10100					
2/28/17	HS  PHONE	LINE	9325	FEB17					
	022817A	201702	320-53800 -41000					
2/28/17	HS  PHONE	LINE	9385	FEB17					
	022817A	201702	300-13100 -10100					
	HS  PHONE	LINE	9385	FEB17					
				REUNION	RESORT			

STATUS

* * * * * * * * * * *

AMOUNT

200.67 536.16 2,079.00 1,221.00 405.61 34.74 20.41 34.74 20.41 34.74 20.41

••.. CHECK •••..	
AMOUNT	#	

4,607.89	003577	

3/10/17	00060	
3/10/17	00154	

2/28/17		302986	201702	320-53800-46200				
2/28/17		TRBLSHT	THERAPY/RPLC	PUMP				
		302986	201702	300-13100-10100				
		TRBLSHT	THERAPY/RPLC	PUMP				
- - -	-	- - - -	- - -	- - -	SPIES	POOL	LLC		
					- - - - -				
3/01/17		5778	201703	320-53800-48000				
3/01/17		LANDSCAPE  CONSULTING	MAR				
		5778	201703	300-13100 -10100				

*					247.56							
												
*					145.39							
												
-	-	-	-	-	- - - -	-	-	-	392.95	003578		
									- - -			
*					2,047.50							
												
*					1,202.50							

3/10/17	00049	

		LANDSCAPE	CONSULTING	MAR		
- - -	-	- - - -	-	- -	-	- - -	SUNSCAPE		
							- - - -		
3/01/17		401	201703		310-51300-34000		
3/01/17		MANAGEMENT	FEES	MAR17			
		401	201703		310-51300-35100		
3/01/17		INFORMATION  TECH  MAR17		
		401	201703		310-51300-31300		
3/01/17		DISSEMINATION	FEE  MAR17		
		401	201703		310-51300-51000		
3/01/17		OFFICE	SUPPLIES	MAR17			
		401	201703		310-51300-42000		
		POSTAGE	MAR17					

CONSULTING

-	-	-	-	-	-	- -  -	-	-	3,250.00	003579		
									- - - -			
*					3,582.08						
												
*						183.33						
												
*						416.67						
												
*						21.05						
												
*						23.72						

REUE  REUNION  EAST  TVISCARRA

AP300R *** CHECK

DATES

03i01/2017

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2017  ***	REUNION  EAST-GENERAL . FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/07/17

PAGE

3

CHECK	VEND#
DATE

3/11/17	00103	
3/11/17	00103	
3/17/17	00134	
3/17/17	00119	
3/17/17	00060	
3/17/17	00142	

•...• INVOICE. .	. .	•	• ••	EXPENSED  TO. • .	SUB	SUBCLASS		VENDOR  NAME		
DATE		INVOICE		YRMO	DPT	ACCT#								
3/01/17		401			201703	310-51300-42500								
3/01/17		COPIES		MAR17												
		402			201703	320-53800-12000								
		FIELD	MANAGEMENT  MAR17	GOVERNMENTAL	MANAGEMENT  SERVICES		
													
3/11/17		03112017	201703	300-20700-10000								
		FY17	DEBT	SERVICE	SER15A	REUNION	EAST	CDD	C/0	USBANK		
																
3/11/17		03112017	201703	300-20700-10500								
		FY17	DEBT	SERVICE	SER15-1	REUNION	EAST	CDD	C/0	USBANK		
- - -	-	- -	-	-	-	-	- - -	- - - -							
									-	-								
3/06/17		1474			201702	310-51300-31100								
		PREP/ATTEND	CDD	MEETING	BOYD	CIVIL	ENGINEERING		
- - -	-	- -	-	-	-	-	- -	-	- - - -					
										-	-								
3/10/17		76153			201702	310-51300-31500								
		CDD	MTG/SIGNAGE	POLICY	LATHAM,SHUKER,EDEN  &	BEAUDINE,LLP		
- - -	-	- -	-	-	-	-	- -	-	- - - -				
										-	-								
2/22/17		302911		201702	320-53800-46200								
2/22/17		DRAIN/ACID	WASH	HS	SPA										
		302911		201702	300-13100-10100								
		DRAIN/ACID	WASH	HS	SPA	SPIES	POOL	LLC				
- - -	-	- -	-	-	-	-	- -	-	- - - -							
										-	-								
3/13/17		23687			201703	320-53800-47800								
3/13/17		STBL	ANNUAL	SPRNKLR  INSPC										
		23687	.		201703	300-13100-10100								
3/13/17		STBL	ANNUAL	SPRNKLR  INSPC										
	23688			201703	330-53800-47800								
		HC  ANNUAL	SPRNKLR	INSPECT										

STATUS						AMOUNT			•••• CHECK ..•••		
									AMOUNT	#		
*						48.00							
													
*					4,030.25							
													
-	-	-	-	-	-	- - -	-	-	8,305.10	003580		
									-	- - -			
*					85,321.48							
													
-	-	- -	-	-	- - -	-	85,321.48	003581		
							-	-	- - -			
*						881.26							
													
-	-	-	-	-	-	- - -	-	-	-	881.26	003582		
										- - -			
*						473.75							
													
-	-	-	-	-	-	- - -	-	-	-	473.75	003583		
										- - -			
*						790.45							
													
-	-	-	-	-	-	- - -	-	-	-	790.45	003584		
										- - -			
*						248.85							
													
*						146.15							
													
-	-	-	-	-	-	- - -	-	-	-	395.00	003585		
										- - -			
*						409.50							
													
*						240.50							
													
*						375.00							

3/17/17	00030	

- - -	-	- - -	- - - -	UNITED		
				- - - - - - - -		
2/28/17		152489	201701	320-53800-46500		
2/28/17		IRRIGATION  REPAIRS-JAN17		
		152489	201701	300-13100 -10100		
3/01/17		IRRIGATION  REPAIRS-JAN17		
		150904	201703	320-53800-47300		
3/01/17		LANDSCAPE  CONTRACT-MAR17		
		150904	201703	300-13100-10100		
3/01/17		LANDSCAPE  CONTRACT-MARI?		
	150904	201703	330-53800-47300		
		LANDSCAPE  CONTRACT-MAR17		

FIRE

PROTECTION,

INC.

-	-	-	-	-	- - - -	-	-	1,025.00	003586		
								- - - -			
*					629.01						
											
*					369.42						
											
*					43,259.26						
											
*					25,406.23						
											
*					1,116.51						

YELLOWSTONE  LANDSCAPE

70,780.43	003587	

REUE

REUNION

EAST

TVISCARRA

AP300R *** CHECK

DATES

03/01/2017

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2017  ***	REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/07/17

PAGE

4

CHECK	VEND#	
DATE		
3/20/17	00103	
3/20/17	00103	
3/20/17	00103	
3/24/17	00129	

•••.. INVOICE •..•...• EXPENSED	TO...	SUBCLASS	VENDOR  NAME		
DATE	INVOICE	YRMO	DPT	ACCT#  SUB						
3/20/17	03202017	201703	300-20700-10500							
	FY17	EHOF  ACQUIS.  SER15-l							
					REUNION	EAST	CDD	C/0	USBANK		
3/20/17	03202017	201703	300-20700-10600							
	FY17	EHOF  ACQUIS.  SER15-2							
					REUNION	EAST	CDD	C/0	USBANK		
3/20/17	03202017	201703	300-20700-10700							
	FY17	EHOF  ACQUIS.  SER15-3							
					REUNION	EAST	CDD	C/0	USBANK		
3/15/17	4019		201703	320-53800-53000							
	RMV	LOOSE  PAVER/TREE  ROOT							

STATUS					AMOUNT			••.• CHECK .....		
								AMOUNT	#		
*				161,405.44						
											
-	-	-	-	- -	- - -	-	161,405.44	003588		
							-	- - - -			
*				183,370.46						
											
-	-	-	-	- -	- -  -	-	183,370.46	003589		
							-	- - - -			
*				82,432.10						
											
-	-	-	-	- -	- -  -	-	82,432.10	003590		
							-	- - - -			
*					204.75						

3/24/17	00072	

3/15/17		4019		201703	300-13100-10100		
3/15/17		RMV	LOOSE	PAVER/TREE  ROOT		
		4020		201703	320-53800-46200		
3/15/17		PAINT	STORAGE/DOOR/TRELIS		
		4020		201703	300-13100-10100		
3/15/17		PAINT  STORAGE/DOOR/TRELIS		
		4022		201703	320-53800-46200		
3/15/17		RPLC		SHOWR	MIX/R&R	PAVERS		
		4022		201703	300-13100-10100		
3/15/17		RPLC		SHOWR  MIX/R&R	PAVERS		
		4023		201703	320-53800-46200		
3/15/17		INST.GATE	HINGE/RMV	ROOTS		
		4023		201703	300-13100-10100		
		INST.GATE	HINGE/RMV	ROOTS		
- - -	-	- -	-	- -	- -	- - -	BERRY		
							- - - - -		
1/23/17		27411		201701	320-53800-53000		
		REMOVE/REPLACE	SIGN&POST		

CONSTRUCTION

INC.

*					120.25						
												
*					793.80						
												
*					466.20						
												
*					371.	70						
												
*					218.30						
												
*					355.95						
												
*					209.05						
												
-	-	-	-	-	- -	-	-	-	2,740.00	003591		
									- - - -			
*					693.00						

3/24/17	00030	
3/31/17	00129	

1/23/17	27411		201701	300-13100-10100				
	REMOVE/REPLACE	SIGN&POST					
				FAUSNIGHT	STRIPE  & LINE  INC		
3/16/17	150953C	201703	320-53800-46200					
3/16/17	AQUATIC	SERVICES-MAR17					
	150953C	201703	300-13100-10100					
	AQUATIC	SERVICES-MAR17					
				YELLOWSTONE	LANDSCAPE		
2/09/17	4007		201702	320-53800-53000					
2/09/17	FILL	HOLE  DESERT  MNTN  CT.					
	4007		201702	300-13100- 10100					
	FILL	HOLE  DESERT  MNTN  CT.					
				REUE	REUNION		EAST  TVISCARRA		

*						407.00						
												
- -	-	-	-	-	- - -	-	-	1,100.00	003592		
								- - - -	- - -		
*					3,888.36						
												
*					2,283.64						
												
-	-	-	-	-	-	- - -	-	-	6,172.00	003593		
									- - - -			
*						148.05						
												
*						86.95						

AP300R *** CHECK

DATES

03/01/2017

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2017  ***	REUNION  EAST-GENERAL  FUND
BANK  A REUNION  EAST  CDD

CHECK

REGISTER

RUN

4/07/17

PAGE

5

CHECK	VEND#
DATE

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

2/09/17	4008		201702	320-53800-53000				
2/09/17	RMV	&	RPLC	PAVERS/CONCRET				
	4008		201702	300-13100-10100				
	RMV	&	RPLC	PAVERS/CONCRET				
					BERRY	CONSTRUCTION	INC.		

*						526.05						
												
*						308.95						
												
-	-	-	-	-	-	- - -	-	-	1,070.00	003594		
									- - - -			

7/20/16		P14312	201610	320-53800-57400		
7/20/16		COMM.PLUMB/MISC.PRT/TRIP		
		Pl4312	201610	300-13100-10100		
8/05/16		COMM.PLUMB/MISC.PRT/TRIP		
		Pl4702	201610	320-53800-57400		
8/05/16		COMMERCIAL  JETTER		
		P14702	201610	300-13100-10100		
9/21/16		COMMERCIAL  JETTER		
		P15128	201610	320-53800-57400		
9/21/16		RMV  OLD	BACKFLOW  SOLDER		
		Pl5128	201610	300-13100-10100		
9/21/16		RMV  OLD	BACKFLOW  SOLDER		
		193745	201610	320-53800-57400		
9/21/16		LOW  PRESSURE/BACKFLOW		
		193745	201610	300-13100-10100		
		LOW  PRESSURE/BACKFLOW		
- - -	-	- - - -	- - - -	BROWNIE'S  SEPTIC		
				- - - - - - -		
3/21/17		5-743-56	201703	310-51300-42000		
		DELIVERY	03/10/17		
				FEDEX		

AND

PLUMBING

LLC

*						171.28							
													
*						100.60							
													
*						228.69							
													
*						134.31							
													
*						311.85							
													
*						183.15							
													
*						129.09							
													
*						75.81							
													
-	-	-	-	-	-	- - -	-	-	1,334.78	003595		
									-	- - -			
*						225.80							
													
-	-	-	-	-	-	- - -	-	-	-	225.80	003596		
										- - -			

3/21/17	12028	201703	320-53800-47200		
3/21/17	REPLACE	6  BULBS/6  BALLAST		
	12028	201703	300-13100-10100		
3/23/17	REPLACE	6  BULBS/6  BALLAST-		
	12069	201703	320-53800-46200		
3/23/17	REPAIR	SWITCH	LEG		
	12069	201703	300-13100-10100		
	REPAIR	SWITCH	LEG		
			TERRY'S  ELECTRIC  INC		

*					1	,069.11						
												
*						627.89						
												
*						129.15						
												
*						75.85						
												
-	-	-	-	-	-	- - -	-	1	,902.00	003597		
								-	- - - -			

3/31/17	00010	
3/31/17	00070	

3/31/17	00142	

3/28/17 3/28/17 3/28/17

24237	201703  330-53800-47800
HC	QTRL Y S.PRNKLR  INSPECT
24238	201703	320-53800-47800	
STBL	QTRLY  SPRNKLR	INSPEC	
24238	201703	300-13100-10100	
STBL	QTRLY  SPRNKLR	INSPEC	
			UNITED	

FIRE

PROTECTION,

INC.

*	65.00			
				
*	40.95			
				
*	24.05			
				
	130.00	003598		

REUE

REUNION

EAST

TVISCARRA

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	CHECK	REGISTER		
*** CHECK	DATES	03/01/2017	-						
				03/31/2017  ***	REUNION	EAST-GENERAL	FUND				
					BANK  A	REUNION  EAST	COD				
CHECK	VEND#	..•.. INVOICE .•..•••• EXPENSED	TO...		VENDOR	NAME	STATUS		
DATE		DATE	INVOICE	YRMO	DPT	ACCT#	SUB	SUBCLASS				

RUN	4/07/17

AMOUNT

PAGE	6	
.•.. CHECK ....•	
AMOUNT	#	

3/31/17

00147

10/04/16 10/11/16 10/24/16 12/20/16

P14984		201610	320-53800-47700	
FIXED	FULL  VALVE  MEN  ROOM	
P14997		201610	320-53800-47700	
INST.4		KOHLER	FLAPPERS	
P15280		201610	320-53800-47700	
REPLACE	FLUSH	VALVE	
Pl 7566		201612	320·-53800-47700	
UNCLOG		TOILET/RPLC  VALVE	
			BROWNIE'S  SEPTIC	

AND

PLUMBING

LLC

* * * *

282.00

144.95

210.00

237.00

873.95	003599	

TOTAL	FOR	BANK  A	631,930.37	
TOTAL	FOR	REGISTER	631,930.37	

REUE

REUNION

EAST

TVISCARRA

AP300R *** CHECK

DATES

03/01/2017

-

YEAR-TO-DATE  ACCOUNTS  PAYABLE  PREPAID/COMPUTER
03/31/2017  ***	REUNION  EAST-R&M
BANK  C  REUNION  EAST  R&M

CHECK

REGISTER

RUN

4/07/17

PAGE

1

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

STATUS

AMOUNT

..•. CHECK .••.•	
AMOUNT	#	

3/03/17	00003	

3/01/17	0301SLIN	201703  320-53800-63000		
3/01/17	30	SLING  FABRIC/FABRICAT.		
	0301SLIN	201703  300-13100-10100		
	30	SLING  FABRIC/FABRICAT.		

* *

1,524.60 895.40

3/03/17	00006	

- - -	-	- - - -		
2/07/17		302754		
2/07/17		INSTALL		
		302754		
		INSTALL		

- -	- -	-	- -	- - -	JNJ		
					-		
201702	320-53800-64000		
NEW	HEATER	CP	SPA			
201702	300-13100-10100		
NEW	HEATER	CP	SPA			

HOME

SERVICES

* *

2,315.25 1,359.75

2,420.00	000018	

3/10/17	00003	

- - -	-	-	- - -	-	- - -	- -	SPIES	POOL,	LLC		
							- - - - -				
3/07/17		0307PEBS	.201703	320-53800-63000				
3/07/17		14	PEBBLE	SLINGS					
		0307PEBS	201703	300-13100-10100				
		14	PEBBLE	SLINGS					

3,675.00	000019	

*	277.	20		
				
*	162.80		

-	- - -	-	- -	-	
	3/17/17		00007		

-	- - -	-		
	2/28/17	152597		
	2/28/17	INSTL.5		
		152597		
	2/28/17	INSTL.5		
		152598		

	JNJ	
201702	320-53800-47300	
FLAME	MAPLE	
201702	300-13100-10100	
FLAME	MAPLE	
201702	320-53800-47300	

HOME

SERVICES

-	-	- -	-	- - - -	-	-	-	440.00	000020		
								- - -			
*				3,399.17							
											
*				1,996.34							
											
*				7,851.76							

2/28/17	INSTL.20	JAPANESE  BLUEBRY		
	152598	201702	300-13100-10100		
2/28/17	INSTL.20	JAPANESE  BLUEBRY		
	152599	201702	320-53800-47300		
2/28/17	INST.39	ALLEE	ELM/9JAP.BB		
	152599	201702	300-13100-10100		
2/28/17	INST.39	ALLEE	ELM/9JAP.BB		
	152600	201702	320-53800-47300		
2/28/17	INSTL.4	ALLEE	ELM/2  MAPLE		
	152600	201702	300-13100-10100		

*	4,611.35		
			
*	23,888.81		
			
*	14,029.94		
			
*	3,954.21		
			
*	2,322.31		

-	- - -	-	- -	-	
	3/31/17		00001		

		INSTL.4		
-	- - -	-		
	2/09/17	4005		
	2/09/17	REPAINT		
		4005		
		REPAINT		

ALLEE  ELM/2  .MAPLE
YELLOWSTONE

201702  320-53800-61000
GUARDHOUSE
201702  300-13100-10100
GUARDHOUSE

LANDSCAPE

-	-	-	-	-	- - - -	-	62,053.89	000021		
							- - - - -			
*					3,181.50					
										
*					1,868.50					

3/24/17	4027		201703	320-53800-64000		
3/24/17	RPLC	3	DOORS  HC	POOL  B		
	4027	3	201703	300-13100-10100		
	RPLC		DOORS  HC	POOL  B		
BERRY  CONSTRUCTION  INC.

*	1,666.35			
				
*	978.65			
				
	7,695.00	000022		

REUE

REUNION

EAST

TOTAL  FOR

TVISCARRA

BANK

C

76,283.89

AP300R				YEAR-TO-DATE	ACCOUNTS  PAYABLE	PREPAID/COMPUTER	CHECK	REGISTER		
*** CHECK	DATES	03/01/2017	-	03/31/2017  ***	REUNION	EAST-R&M		R&M				
					BANK  C	REUNION  EAST					
CHECK	VEND#	..... INVOICE ........ EXPENSED	TO...	SUB	VENDOR	NAME	STATUS		
DATE		DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS				

RUN	4/07 /17

AMOUNT

	PAGE	2	
.. .. CHECK ...	. .	
AMOUNT	#		

TOTAL	FOR	REGISTER	76,283.89	

REUE

REUNION

EAST

TVISCARRA

•

•	•   •

•

•

•

•	•

•	•

•

• •

•••••

•

Reunion East

Community

Development

District

Unaudited Financial Reporting

February 28, 2017

•

•

•	•

•

•

•

•

•

•

•

•

•

•

•

1

2

3

4

5

6

7

8

9

10

11-12

Table of Contents

Balance Sheet

General Fund Income Statement

Replacement & Maintenance Income Statement

Debt Service Series 2002A-2 Income Statement

Debt Service Series 2005 Income Statement

Debt Service Series 2015A Income Statement

Debt Service Series 2015-1 Income Statement

Debt Service Series 2015-2 Income-Statement

Debt Service Series 2015-3 Income Statement

Capital Projects Series 2005 Income Statement

Month to Month

13-14

FYl

7 Assessment Receipt Schedule

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

COMBINED BALANCE SHEET

February 28, 2017

Replacement	Debt

General	& Maintenance	Service

Capital Pro! ects

(Memorandum Only)

2017

~ 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-l Reserve Revenue SERIES 2015-2 Reserve Revenue Prepayment SERIES 2015-3 Revenue DUE FROM DEVELOPER DUE FROM REUNION WEST DUE FROM GENERAL FUND DUE FROM OTilER

TOTAL ASSETS

LIABILITIES: ACCOUNTS PAYABLE CONTRACTS PAYABLE CUSTOMER DEPOSIT DUE TO DEBT 2015A DUE TO REUNION WEST ACCRUED INTEREST PAY ABLE 2002A-2 ACCRUED PRINCIPAL PAYABLE 2002A-2 ACCRUED INTEREST PAYABLE 2005 ACCRUED PRINCIPAL PAYABLE 2005 FUND EQUITY· 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

$1,069,547

$459,994 --

--

-- --

-- --

--

-- $14,364 $97,077

$3,353

$1,644,334

$!0,636 $1,323 $15,000 $5,000 $21,020

-- --

--

$242,752 $1,348,604

-- --

--

-- --

$1,644,334

$351,805 --
$2,519,358

-- --

--

-

--

- -
--

-- $49,746
- -

S2,920,90_ll_

$78,279

- --

--

$2,842,630 -

-- --

$2,920,909

$3 $166,410

$4

$223,654 --

SI 75,000 $2,041,289 $0

$345,275 $411,913

$374,013 $373,323 $3,305

$170,882

$5,000 -

$4,290,071

-- --

$1,468,196 $1,685,000 $1,015,000 $1,160,000

-- --

($2,986,783) ($1,951,342) $2,221,289 $757,188 $750,641

SI 70,882 --

$4,2_90,071

-- --

-- --

$10 --

--

-- --

-- -

$10

-- --

--

-
-- --

-- SlO

SID

$1,421,352	
	$459,994	
$2,519,358	
			$3	
	$166,410	
			$4	
	$223,654	
		$10	
	$175,000	
$2,041,289	
			$0	
	$345,275	
	$411,913	
	$374,0	13	
	$373,323	
	$3,305	
$170,882	
	$14,364	
$146,823	
	$5,000	
	S3	,353	
58,855,323	
	$88,914	
	$1,323	
	$15,000	
	$5,000	
	$21,020	
$1,468,196	
$1,685,000	
$1	,015,000	
$1	,160,000	
$3	,085,382	
$1	,348,604	
($2,986,783)	
($1,951,342)	
$2	,221,289	
$757,188	
$750,641	
S170,882	
		SIO	
$JM~~323	

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues & Expenditures

For The Period Ending February 28,2017

~

Sp~ial Assessments-Tax Collector	
Special Assessments -	Direct	
Interest		
Miscellaneous Income		
Rental Income - Base		
Rental Income - Operating Expen!>t:s/CAM	
TOTAL  REVENUES	
t;XPENPJTURES·		
ADMINISTRATIVE•		

ADOPTED BUDGET

Sl,o92,735 S932,027 $250 55,964 $47,925 S42,338

$2,121239

PRORATED BUDGET THRU2128117

S837,91 l $438,450 $104 52,485 $19,969 $17,641

Sl316560

ACTUAL		
THRU 2128117	VARlANCE	
S837,911	so	
S467,753	$29,303	
$211	5106	
Sl,342	(S1,143)	
SI 1,475	($8,494)	
$9,267	($8,374)	
Sl 327,958	$113991	

Supervisor Fees	
FICA				
Engineering	
Attorney		
Trustee	Fees	
Arbi1rage		
Collection	Agent	
Dissemination	
Property	Appraiser Fee	
Propel1y	Taxes	
Annual	Audit	
Dililrict	Management Fees	
lnfonnation Technology	
Telephone		
Postage				
Printing	& Binding	
Insurance		
Legal Advertising	
Other Curren! Charges	
Office Supplies	
Travel Per	Diem	
Dues, Licenses & Subscriptions	
TOTAL ADMINISTRATIVE	
MdJNlfil:!.dg,E-!i,!J..d.B.fi.ll. ~U..Bli.tiEti:	
Field M1magcmcnt	
Facility	Lease Agreemen_t	
Telephone		
Efe<;lric				
Water & Sewer	
o..				
Pool & Fountain Maintenance	
Environmental	
Property	Insurance	
Irrigation Repairs	
Landscape Contract	
Landscape	Contingency	
Lnndscape	Consulting	
Gate and	Gatehouse Ex.penscs	
Roadways/Sidewalks	
Lighting			
MSA Building Repairs	
Pressure	Washing	
Maintenance (Inspections)	
Pest Control	
Serurity				
COMMUNITY CENTER•	
Landscape		
Telephone		
Electric				
Water&Sewer	
Gas				
Maintenance (Inspections)	
~li.ll/!i.I/liid{ig;_-l}_IR/IJ:.[ EXPENSES,	
Irrigation	System Operations	
Operating Reserves	
Transfer Out	
TOTAL MA.lNTENANCE	
TOT AL EXPENDITURES	
EXCESS REVENUES (EXPENDITURES)	
FUND BALANCE - Beginning	
FUND BALANCE - Ending	

	Sl2,000	Sl ,000	
		5918	$383	
		56,000	$2,500	
	S3S,000	$14,583	
	S22,000			so	
		Sl,600			so	
		$5,000	Sl,000	
		55,000	$2,083	
		$1,000	SI.ODO	
		S400	$400	
		Sl,400			$0	
	$42,985	$17,910	
		$2,200	$917	
		$300	$125	
		Sl,500	S!,458	
		S2,500	$1	,042	
	Sl4,600	$14,600	
		Sl ,500	S62 S	
		$600	$250	
		S500	S208	
		$500	$208	
		$175	$11S	
Sl65,677	568.468	
	$48,363	S20,ISI	
	$36,823	515,343	
		$5,600	$2,	333	
$406,000	$169,167	
	$43,400	518,083	
	$63,000	$26,250	
1122,500	S51.042	
		57,000	$2,917	
	$30,100	$30,100	
		$8,750	53,646	
5543,403	S226,418	
	$27,178	Sll,324	
	$27,300	$11	,375	
	$22,400	59,333	
	$32,480	$13 ,533	
		SS,600	52,333	
	$28,000	$11	,667	
	$28,000	$11,667	
		51,225	$S10	
		Sl08	5212	
	$98,000	S40,833	
	$16,000	$6,667	
		$1,500	$625	
	533,000	513,750	
		$4,200	51	,750	
		$500	$208	
		Sl,250	5521	
$ 100,000	$41	,667	
SI00,000	S41,667	
$113,482	$ 113,482	
$1,955 562	$898.574	
$2	,1	21.239	$967,041	
		so				
		$0				
		so				

	$5,000	
	$383	
	51,895	
	$21	,923	
		so	
		so	
	$5,000	
	$2,083	
	$783	
		S42	
		so	
	Sl7,910	
	$917	
	SI 10	
	Sl,266	
	$490	
	Sl3,453	
		so	
		so	
	S!05	
		$0	
	$175	
	571.535	
	S20,151	
		so	
	12,130	
	5162,525	
	520,999	
	$17,788	
	544,747	
	Sl,551	
	528,944	
	$629	
	5180,342	
	Sl,071	
	513,936	
	$8,473	
	Sl2,676	
	$2,224	
	$3,270	
	$378	
		$41	
		so	
	536,750	
	$4,655	
	$552	
	58,479	
	S989	
		$99	
		$65	
		so	
		so	
	$113,482	
5686,946	
$758481	
	$569,477	
SI	021	878	
$1,591.356	

	so		
	so		
	S605		
(S7,339)	
	so		
	so		
	so		
	(SO)	
	$217		
	$358		
	so		
	$0		
	$0		
	Sil		
	5193		
$552		
Sl,147		
$625		
$250		
SIOl		
$208		
	so		
!SJ,067	11	
	$0		
$15,343		
$203		
$6,641		
(52,916)	
58,462		
$6,294		
Sl,365		
Sl,156		
Sl ,017		
$46,076		
$10,253		
($2,561)	
$861		
S858		
S109		
$8,396		
Sll,289		
$469		
$212		
$4	,083		
$2,012		
	$73		
$5,271		
S761		
5109		
$456		
$41,667		
$41,667		
	so		
$2116271	
s208 560	I	

2

REVENUES:

Transferln

Interest

TOTAL  REVENUES

EXPENDITURES:

Building Improvements

Signage

Pool Furniture

Pool Repair & Replacements Landscape lmprovements

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
REPLACEMENT & MAINTENANCE FUND	
Statement of Revenues & Expenditures	
For The Period Ending February 28, 2017	
ADOPTED	PRORATED	
BUDGET	THRU 2/28/17	
$113,482	$113,482	
$5,000	$2,083	
$118.482	$115 .565	
$84,700	$35,292	
so	$0	
$7,700	$3,208	
$24,500	$10,208	
$49,000	$20,417	
$165 ,900	$69,125	
($47.418 1		
$3,309,032		
$3,261,614		

ACTUAL			
THRU 2/28/17			
$113,482	
$9,	561	
$123 ,043	
$3,182	
$4,725	
$4,203	
$4,631	
$82,611	
$99,	351	
$23,692	
$2 ,818,938	
$2,842.630	

VARIANCE		
$0		
$7,478		
$7.478	j	
$32,110		
($4,725)		
($994)		
$5,578		
($62,195)		
($30,226)!	

3

Reunion East		
COMMUNITY DEVELOPMENT DISTRICT	
Debt Service 2002A-2		
Statement of Revenues & Expenditures	
For The Period Ending Februal}' 28, 2017		
ADOPTED	PRORATED	

ACTUAL

REVENUES:

Special Assessments

Interest

TOTAL REVENUES

EXPENDITURES:

Interest Expense I 1/01

Principal Expense 05/0 I

Interest Expense 05/01

BUDGET

$0 $0

$0

$0 $0 $0

THRU

2/28/17

$0 $0

$0

$0 $0 $0

THRU 2/28/17		
	$0	
$157	
$1	57	
	$0	
	$0	
	$0	

VARIANCE		
$0		
$ 157		
$157	1	

so

$0

$0

TOTAL EXPENDITURES

OTHER FINANCING SOURCES CUSES}

Transfer In (Out)

Other Debt Service Costs

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE · Beginning

FUND BALANCE - Ending

$0	$0	
$0	$0	
$0	$0	
$0	$0	
$0		
$0		
$0		

$0

$0

($3,771)

($3 ,771 )

($3 ,614 1

($2.983, 169)

1$2.986.7831

so	t	
$0		
($3,771)	
($3 .771	11	

4

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2005

Statement of Revenues & Expenditures

For The Period Ending February 28, 2017

REVENUES:

Special Assessments

Interest

TOTAL REVENUES

EXl'ENDITURES:

Interest Expense 11101

Principal Expense 0510 I

Interest Expense 05/0 I

TOTAL EXPENDITURES

OTHER FINANCING SOURCES !USES )

Transfer In (Out)

Other Debt Service Costs

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Ending

ADOPTED BUDGET

$0 so

$0

$0 $0 $0

$0

$0 $0

$0

$0

$0

$0

PRORATED

TIIRU 2128117

$0 $0

$0

$0 $0 $0

$0

so $0

$0

ACTUAL				
THRU 2128117	VARJANCE			
	$0	$0			
	$205	$205			
	$205	$2051		
				
	$0	$0			
	$0	$0			
	so	$0			
	$0	so	I		
					
	$0	$0			
	$0	$0			
	$0	so	I		
					
	$205				
($1	,951,546)				
($1,951,342)				

5

REVENUES:			
Special Assessments - Tax Collector		
Interest			
TOTAL  REVENUES			
EXPENDITURES:			
Special Call 11/01			
Interest Expense 11/01			
Principal Expense 05/01			
Interest Expense 05/0 I			
TOTAL EXPENDITURES		
OTHER FINANCIN G	OURCES	(USES\	
Transfer In (Out)			
Other Debt SeIVice CoslS		
TOTAL OTHER			
EXCESS REVENUES	(EXPENDITURES)	
FUND BALANCE - Beginning		
FUND BALANCE - Ending		

Reunion East				
COMMUNITY DEVELOPMENT DISTRICT			
Debt Service 2015A				
Statement of Revenues & Expenditures			
For The Period Ending February 28, 2017			
ADOPTED	PRORATED			
BUDGET	THRU 2/28/17			
$2,568,595	$1,967,919	
		$100		S42	
$2,568 ,695	$1.967,960	
		$0			$0	
$714,525	$714,525	
$1,170,000			$0	
$714,525			$0	
$2	.5	99,050	$714	,5	25	
		so			so	
		$0			$0	
		$0			$0	
1$30,355}				
$776,940				
$746,585				

ACTUAL			
THRU 2/28/17		
$1,967,919	
		$380	
$1	968,298	
	$5	,000	
$714,525	
			$0	
			$0	
$719 .5!5	
			$0	
			$0	
			$0	
$1,248,773	
S972	.S16	
$2,221	,289	

VARIANCE		
$0		
$338		
$338	1	
($5 ,000)	
$0		
$0		
so		
,~s,0001 1	
$0		
$0		
$0		

6

REVENUES:

Special Assessments - Tax Collector

Special Assessments - Direct Billed

Interest

TOTAL  REVENUES

EXPENDITURES:

Reunion East		
COMMUNITY DEVELOPMENT	DISTRICT	
Debt Service 2015-1		
Statement of Revenues & Expenditures	
For The Period Ending February 28, 2017	
ADOPTED	PRORATED	
BUDGET	THRU 2/28117	
$26,531	$20,327	
$664,019	$328,185	
$0	$0	
$690,550	$348 ,512	

ACTUAL		
THRU 2/28/17		
$20,327	
$333,500	
$102	
$353	,929	

VARIANCE	
	$0	
$5	,314	
$102	
ssi411	

I

Specie! Call 11/01

Interest Expense I 110 I

Principal Expense 0510 I

Interest Expense 05101

TOTAL EXPENDITURES

OTHER FINANCING SOURCES (USES )

Transfer In (Out)

Other Debt Seivice Costs

TOTAL OTHER

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE . Beginning

FUND BALANCE - Ending

		$0	so	$5,000	($5,000)		
$228,525	$228,525	$228,525	$0			
$230,000	$0	$0	$0			
$228,525	$0	so	$0			
						
$687 ,050	$228,525	$233 ,525	IS5,000	il		
								
		$0	$0	$0	so			
		$0	$0	so	$0			
		$0	$0	$0	so	i		
$3	,5	00		$120,404				
$294,746		$636.785				
$298.246		$757.188				

7

REVENUES :

Special Assessments - Direct Billed

Interest

TOTAL REVENUES

EXPENDITURES:

Interest Expense 11 /01

Principal Expense 05/0 I

Interest Expense 05/0 I

Special Call 05/01

TOTAL EXPENDITURES

OTHER FINANCING SOURCES ,USES)

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 & Expenditures				
For The Period Ending February 28, 2017				
ADOPTED		PRORATED			
BUDGET		THRU 212	8/17			
$748,025	$36 9,977	
	$0				$0	
$748,025		$369 977	
$272,415		$272,415	
$205,000				$0	
$272,415				$0	
	$0				$0	
$749,830		$272	.4	15	
	$0				$0	
	$0				$0	
	$0				$0	
($ 1,805]					
$276,696					
$274.	891					

ACTUAL THRU 2128/ I 7

$373,144 $92

$373.2 36

$272,415 $0 $0 $0

$272.415

so so

so

$100,821

$649 .820

$750,641

VARIANCE			
$3,166		
$92		
$3.2	59	1	

so		
$0		
$0		
$0		
so I	
$0		
$0		
so	I	

8

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Debt Service 2015-3

Statement of Revenues & Expenditures

For The Period Ending February 28, 2017

REVENUES:

Special Assessments - Direct Bil led

Interest

TOTAL  REVENUES

EXPENDITURES:

Interest Expense 11/01

Principal Expense 05/01

Interest Expense 05/01

TOTAL EXPENDITURES

OTHER FINANCING SOURCES rUSES}

Transfer In (Out)

Other Debt Service Costs

TOTAL OTHER

ADOPTED

BUDGET

$336,265 so

$336_265

$112,530 $115,000 Sl 12,530

$340 060

$0 so

so

PRORATED		
THRU 2128/17		
$166,289	
	so	
$166-289	
Sl 12	,530	
	$0	
	$0	
Sll2,530	
	$0	
	$0	
	$0	

ACTUAL THRU 2128/17

$167,742 $2

$167,744

$112,530 $0 $0

$] 12.530

$0 so

so

VARIANCE		
Sl,453		
S2		
Sl 455	I	
$0		
so		
$0		
so	I	
so		
$0		
$0		

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE - Beginning

FUND BALANCE - Endlng

i $3 .795 t

$115,275

$111.480

$55,214

$115.668

$170,882

9

Reunion East

COMMUNITY DEVELOPMENT DISTRICT

Capital Projects 2005

Statement of Revenues & Expenditures

For The Period Ending February 28, 2017

		ADOPTED	PRORATED	ACTUAL		
REVENUES:	BUDGET	THRU 2/28/1 7	THRU 2/28/17		
					
Interest		$0	$0	$0		
TOTAL  REVENUES	$0	$0	$0		
						
EXPENDITURES:					
Capital Outlay	$0	$0	$0		
TOTAL	EXPENDITURES	$0	$0	$0		
						
OTHER FINANCING SOURCES COSES)					
Transfer In (Out)	$0	$0	$0		
TOTAL OTHER	$0	$0	$0		
						
EXCESS REVENUES	$0		$0		
	(EXPENDITURES)					
FUND BALANCE - Beginning	$0		$10		
						
FUND BALANCE - Ending	$0		$10		

VARJANCE

$0		
$0	!	
$0		
$0	J	
$0		
$0	!	

10

Revenues			
Special	Assessments -	Tax Collector	
Special	Asse~ments ~	Direcl	
Interest					
Miscellaneous	Income		
Rental Income	- Base		
Rental Income - Operating Expenses/CAM	
Total Revenues		
Expenditures			
Administrative		
Supervisor Fees		
FICA						
Engineering			
Attorney				
Trustee	Fees			
Arbitrage			
Collection Agent		
Dissemination			
Property	Appraiser Fee	
Property	Taxes			
Annual	Audit			
Oistricl	Management Fees	
Information Tcchnology	
Telephone			
Postage					
Printing & Binding		
Insurance			
Legal	Advertising		
Other	Current Charges		
Office Supplies		
Travel Per Diem		
Dues,	Licenses	& Subscriptions	

Oct	Nov			
so	$134,029	
SU148			so	
538		$39	
so	$895	
$],<25	53,825	
SJ.089	$3,089	
$8,800	S141,877	
$1,000	$1,000	
S77		$77	
SS49	$399	
$4,193	$13	,8	29	
so			so	
so			so	
$5,000			$0	
5417	S417	
$0			$0	
$0		542	
$0		$0	
$3,582	S3,582	
Sl83	Sl83	
$0		SJ6	
S298	$226	
S213	Sl04	
$13,453		$0	
$0		so	
so		so	
S2I		$21	
so		$0	
S175		so	
,illl). 160	$19,916	

D<c

S606,732 so S38 $447 S3,82S S3,089

$614.IJI

$600 S46 Sl50

S2,608 so so so
$417

$783 so

$0 $3,582 Sl83 542 $209

S71 so

$0 $0
S2I so so

$8,712

	Reunion East CDD										
	Month to Month										
Jan	Feb	Mar		Apr	Mal	June	July	Aul		~ µ,		
												
S47,227	S49,922	so	so	so	so		so	$0	so		
5465,905		so	so	$0	$0	$0		$0	$0	so		
$39		$57	so	$0	$0	so		so	so	so		
$0		so	$0	so	so	$0		so	$0	$0		
so		so	so	so	so	so		so	so	so		
so		so	so	so	$0	so		so	so	so		
												
$513,171	$49,980	so	so	so	so		so	$0	so		
$1,400	$1	,000	$0	$0	so	$0		$0	so	$0		
$107		$76	so	so	$0	$0		so	$0	so		
												
$324	$474	$0	so	$0	$0		$0	$0	$0		
$503	$790	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		
so		so	so	so	$0	so		so	$0	so		
$417	$417	$0	$0	$0	so		$0	so	so		
$0		$0	$0	$0	$0	$0		$0	so	so		
so												
		$0	so	$0	$0	$0		so	$0	so		
$0		$0	$0	so	$0	$0		so	so	so		
			$0	$0	so	so		so	so	so		
$3,582	$3,582										
		so	so		so						
5183	$183			$0			so	so	so		
532		so	so	so	so	so		so	so	so		
$274	S258	so	so	so	so		so	so	so		
											
S54		$48	so	so	so	so		$0	$0	so		
so		so	so	so	so	so		so	$0	so		
$0		so	$0	so	so	so		$0	$0	$0		
$0		so	so	so	so	so		so	$0	$0		
S2I		$21	so	so	so	so		$0	$0	so		
so		so	so	so	so	so		so	so	so		
so		so	50	so	so	so		so	50	50		
												
$6,896	-- s~o_	so	so	so	so		so	so	so		

Total

S837,911 S467,753 S211 $1,342 $11,475 $9,267

$l.,1?7,9581

$5,000 $382 Sl,895 $21 ,923 so so $5,000 $2,083 S783 $42 $0 Sl7,910 S9l7 SllO Sl,266 $490 $13,453

$0 so Sl05 so Sl75

571,5341

11

Maintenance Field Management Facility Lease Agreement Telephone Electric Watcr&Sewer Gas Pool & Fountain Maintenance Environmental Property Insurance lrrigation Landscape Contract Landscape Contingency Landscape Consulting Gatehouse and Gatehouse Expenses Roadways/Sidewalks Lighting MSA Building Repairs

Pressure Washing Maintenance (Inspections) Pest Control Security Commun[ty Center Landscape Telephone Electric Watcr&Sewer Gas Maintenance (Jnspections) Pest Control Maintenance-Direct (rrigatioo System Operations Transfer Out

Total Expenditurts

Excess Revenues (Expenditures)

I

I I

o,,

$4,030 $0 $426 S31,299 $4,125 $417 S8,639 $162 $28,944

$34,140 $0 $2,048

S6,657 so
S2, 130

S2,593 so so

$0 $7,350

$88] $110 S2,600 $146

$25 so so

$0 so

S1~6.724

$ l 6~.884

t$ 1S7,1,J 84J

Nov

$4,030 $0 S426 $31,822 $3,935 S4,34I S7,272

S904 so so

$34,140 $0 $2,048 S760 $167 S94 $255

$378 so

$0 $7,350

$881 $110 S2,l43 $258

525 so so

$0 so

$101,338

5121,253

$20,624

Dec

S4,030 $0 $426 S34,567 S4,798 S6,236 $7,615

Sl62

so

S629 $43,781 $0 S5,746 S99

SJ,078 so

$149 $0 $41 so S7,350

Sl,130 $110 SJ ,524 $220 $24 $65 so

so so

Slll,781

SIJ0,493

5483,637

	Reunion East CDD								
	Month to·Month								
Jan	F,b	Mar	Aer	May	J•ne	July	Aug	Sept		
										
$4,030	$4,030	so	$0	$0	so	$0	so	so		
$0	$0	$0	$0	$0	so	$0	so	so		
$426	$426	$0	$0	$0	so	$0	$0	$0		
$33,526	$31,312	so	$0	$0	so	$0	$0	so		
$4,295	$3,847	so	$0	$0	so	$0	so	so		
S2,044	S4,749	so	so	$0	so	so	50	so		
$14,231	$6,991	so	so	so	so	so	50	so		
$162	Sl62	$0	so	so	so	so	$0	so		
$0	so	so	so	so	so	so	$0	so		
$0	$0	so	so	so	so	so	so	so		
Sl4,l40	$34,140	so	$0	so	so	so	so	so		
					so	so				
$315	$756	$0	$0	$0			$0	so		
$2,048	S2,048	so	$0	$0	so	so	so	so		
$956	$0	so	so	so	so	so	so	so		
$5,670	SJ,761	$0	so	so	so	so	so	so		
so	so	so	50	so	so	so	so	so		
so	$273	so	so	so	so	so	so	so		
so	so	so	so	so	so	so	so	$0		
so	so	so	so	so	so	$0	$0	so		
so	$0	so	so	so	$0	$0	$0	$0		
$7,350	$7,350	so	$0	$0	so	so	$0	$0		
$881	$881	so	so	so	$0	so	$0	so		
SI IO	SI IO	so	so	so	so	$0	$0	so		
$1,159	Sl ,053	so	so	so	so	so	so	so		
S2l2	$152	so	so	so	so	so	so	so		
so	S25	$0	so	so	so	so	so	so		
so	so	so	$0	so	$0	so	so	$0		
$0	$0	so	so	so	$0	$0	$0	$0		
										
$0	so	so	so	$0	$0	$0	so	$0		
so	SI 13,482	so	so	$0	so	$0	50	so		
Slll,555	$215,549	so	so	so	so	so	so	so		
5118,452	$222,398	so	so	so	so	$0	so	so		
$394,720	(S172,418I	so	so	so	so	$0	so	so		

Total		
$20,151		
so		
S2,130		
$162,525		
S20,999		
Sl7,788		
$44,747		
Sl,551		
$28,944		
S629		
Sl80,342		
$1,071		
SB,936		
$8,473		
Sl2,676		
$2,224		
Sl,270		
$378		
$41		
so		
S36,750		
$4,655		
$552		
58,479		
$989		
$99		
$65		
$0		
$0		
$113,482		
$686,94~	
S751!,480	I	
$569,4781	

12

Date

Received

Dist.

Gross Assessments

Received

Discounts/

Penalties

REUNION EAST

COMMUNITY DEVElOPMENT DISTRICT

SPEOAL ASSESSMENT RECEIPTS- FV2017

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%

11/25/16 11/30/16 12/9/16 12/27/16 1/10/17 1/10/17 1/18/17 2/8/17 2/8/17 3/9/17

Totals

ACH ACH ACH ACH ACH ACH ACH ACH ACH ACH

$	453,878.84	$	18,155.40	$	8,714.48	$		$	427,008.96	$	126,601.45		297,336.40	s	3,071.11	$	427,008.96		
																			
$	26,964.42	$	1,399.73	$	511 .29	$		$	25,053.40	$	7,427 .94		17,445.27	$	180.19	$	25,053.40		
s	1,705,512.22	s	68,221.36	$	32,745 .81	s		$	1,604,545.05	$	475,722.41	$	1,117,282,52	s	11,540.12	$	1,604,545.05		
s	468,249.34	s	17,355.04	s	9,017.89	s		$	441,876.41	$	131,009.42	s	307,688.96	$	3,178.04	$	441,876.41		
s	157,366.79	$	4,743.03	s	3,052.49	s		$	149,571.27	s	44,345.53	s	104,150.00	s	1,075.74	s	149,571.27		
s	10,163.53	s	304.90	$	197.16	s		$	9,661.47	$	2,864.47	s	6,727.51	$	69.49	$	9,661.47		
s		$		$		$	57.84	$	57.84	$	17.15	s	40.28	$	0.42	s	57,84		
s	174,483.88	s	3,721.55	$	3,415.25	$		$	167,347.08	$	49,615.78	$	116,527.71	$	1,203.58	$	167,347.08		
	1,087.98																		
$		$	32.64	$	21,11	$		$	1,034.23	$	306.63	$	720.16	$	7.44	$	1,034.23		
$	126,445.63	$	1,413.62	$	2,500.64	$		$	122,531.37	$	36,328.63	$	85,321.48	$	881.26	$	122,531.37		
								$		s		s		$		$			
								$		$		s		$		$			
								$		$		$		s		$			
								$		$		s		$		$			
								s		s		s		$		$			
								$		$		$		s		$			
								$		$		$		$		$			
								s		$		s		$		$			
								$		$		$		$		s			
	3,124,152 .63	$	115,347.27	$	60,176.12	$	57.84	$	2,948,687.08	s	874,239.42	$	2,053,240.29	$	21,207.38	$	2,948,687.08		

13

Citlcommunities		
DATE	DUE	
RECEIVED	DATE	
1/11/17	11/1/16	
1/11/17	2/1/17	
1/11/17	5/1/17	
EHOF Acquisitions II, LLC	
DATE	DUE	
RECEIVED	DATE	
1/11/17	11/1/16	
3/15/17	2/1/17	
	S/1/17	
EHOF Acquisitions !I, LLC	
DATE	DUE	
RECEIVED	DATE	
1/11/17	11/1/16	
3/1S/17	2/1/17	
	S/1/17	
EHOF Acquisitions II, LLC	
DATE	DUE	
RECEIVED	DATE	
1/11/17	11/1/16	
3/15/ 17	2/1/17	
	5/1/17	
LRA	Orlando LLC	

CHECK NO . 2673 5 26735 26735

CHECK NO. 96 109

CHECK NO. 9 6 109

CHECK NO. 96 109

	OFF ROLL	ASSESSMENTS											
	$25,900.00				$10,983.00		$5,636.00		$6,403.00		$2,878.00		
			100ll		4241%		21 76%		24 72%		1111%		
	NET		AMOUNT		GENERAL		SERIES		SERIES		SERIES		
	ASSESSED		RECEIVED		FUND		2015-1		2015-2		2015-3		
$	12,949 .00	$	12,949.00	$	5,491.08	$	2,817.78	$	3,201.25	$	1,438.89		
$	6,475.00	$	6,475.00	$	2,745.75	$	1,409.00	$	1,600.75	$	719.50		
$	6,475.00	$	6,475.00	$	2,745.75	$	1,409.00	$	1,600.75	$	719.50		
$	25,899.00	$	25,899.00	$	10,982.58	$	5,635.78	$	6,402.75	$	2,877.89		
$415,496.00				$60,979.00	$133,942.00	$152,169.00		$68,406.00		
											
			100%		14 68%		32 24%		36 6 2%		1646%		
	NET		AMOUNT		GENERAL		SERIES		SERIES		SERIES		
	ASSESSED		RECEIVED		FUND		2015-1		2015-2		2015·3		
													
$	207,748.00	$	207,748.00	$	30,489.50	$	66,971.00	$	76,084.50	$	34,203.00		
$	103,874.00	s	103,874 .00	s	15, 244.75	$	33,485.50	$	38,042 .25	s	17,101.50		
$	103,874.00	$		s		$			$		$			
$	415,496.00	$	311,622.00	$	45,734.25	$	100,456.50	$	114,126.75	$	51,304 .50		
$510,486.00			$358,021.00		$57,603.00		$65,443.00	$29,419.00		
											
			100%		7013%		1128%		12 82%		5 76%		
													
	NET		AMOUNT		GENERAL		SERIES		SERIES		SERIES		
s	ASSESSED		RECEIVED		FUND		2015-1		2015-2		2015-3		
	255,242 .00	$	255,243 .00	$	179,010.50	$	28,80 1.50	$	32,721.50	$	14,709.50		
$	127,622 .00	$	127,622.00	$	89,505.60	$	14,	400.81	s	16,360.81	$	7,3 54.78		
$	127,622.00	s		s		$			s		$			
$	510,486.00	$	382,865.00	$	268 516.10	$	43,202.31	$	49,082.31	$	22,064.28		
$1,692,694.00			$490,846.00	$454,076.00	$515,869.00	$231,903.00		
			100%		29 00%		268	3%		3048%		13 70%		
	NET		AMOUNT		GENERAL		SERIES		SERIES		SERIES		
	ASSESSED		RECEIVED		FUND	s	2015-1		2015-2		2015-3		
$	846,346.00	$	846,347.00	$	245,423 .00		227,038.00	$	257,934.50	$	115,951.50		
$	423,174.00	$	4 23,174.00	$	1 22,711.64	$	113,519.13	$	128,967 .40	$	57,975.82		
$	423,174 .00	$		$		s			$		$			
														
$ 1,692,694.00	$	1 269,521.00	$	368,134.64	$	340,557.13	$	386,901.90	$	173,927.32		
			$6,901.00				$1,848.00		$5,053.00				

DATE RECEIVED 10/14/16 10/14/16 10/14/16

DUE			CHECK				NET		AMOUNT		GENERAL		SERJES		
DATE			NO.			s	ASSESSED		RECEIVED		FUND		2015-1		
11/1/16			2539				3,451 .00	$	3,45 1.00	$	924.00	$	2,527.00		
2/1/17			2539			$	1,725.00	$	1,725.00.	$	462 .00	$	1,263.00		
5/1/17			2539			$	1,725.00	$	1,725.00	$	462 .00	s	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	BILLED		$922,677.00			$656,310.00		$739,884.00		$332,606.00				
TOTAL RECEIVED	$	695,215.57		$	494,904.72	$	556,513.72	$	250,173.99				
VARIANCE	$	(227,461.	43	)	$	1161,405 .28)	$	(183,370.28)	$	182,432.01)				

14

Reunion

East/West

CDD

Di

rect

Billed

Assessments

for

FY

2017

District

Reunion

East

IL.andownder	Product	Total O & M	Total Debt	Total Due		
						
Citicommunities						

O&M	Debt	Total	Paid	

11-1-15	DS Interest				Nov		
					Feb		
34-25-27-4012-0001-0013   66 Comm						
	$10,982	$14,917	$25,899	May		
Estoppel						
						
Totals		$10,982	$14,917	--··-$2~	Total		

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

$10,982

$7,459 $3,729 $3,729

$14,917

$12,950 Paid 1/12/17	
$6,475	Paid 1/12/17	
$6,475	Paid 1/12/17	
$25,899		

LRA OR LANDO LLC

35-25-27-4885-PRCL-OC30  4 MF

EHOF

11-1-15 Interest

27-2S-27-2985-TRAC-FD20  30 Comm/755 MF

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

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

$1,849	$5,054	$6,903	

$358,021	$152,465	$510,486	
$490,846	$1,201,848	$1,692,694	
$60,979	$354,517	$415,496	
$909,846	$1,708,830	$2,618,676	

Nov

Feb

May

Total

Oct

Nov

Feb

May

Total

O&M $925 $462 $462 $1,849

O&M $0 $454,923 $227,462 $227,462 $909,846

Debt $2,527 $1,264 $1,264 $5,054

Debt $0 $854,415 $427,208 $427,208 $1,708,830

Total	Paid		
$3,452 Paid 10/11/2016	
$1,726	Paid 10/11/2016	
$1,726	Paid 10/11/2016	
$6,903			
Total	Paid		
$0			
$1,309,338	Paid	1/12/17	
$654,669	Paid	3/15/17	
$654,669			
$2,618,676			

District

Reunion West

IL.andownder Reunion West 5PE 22-25-27-0000-0020-0000 35-25-27-4881-PRCL-0020 35-25-27-4881 -TRAC-OG30 35-25-27-4881-PRCL-QOGA

90 Comm/120	
192 MF/·12	SF	
156 MF		
15 Comm		

MF

Total O & M

$53,036 $51,857 $45,964 $2,946.00 $153,803.00

Total Debt	Total Due	
	$53,036	
	$51,857	
	$45,964	
	$2,946	
$0.00	$153,803.00	

Dec

March

June

September

Total

O&M

$38,451 $38,451 $38,451 $38,451 S153,803

Debt

$0 $0 $0
$0 so

Total	Paid	
$38,451	Paid	
$38,451		
$38,451		
$38,451		
$153,803		

Reunion West HOA		
22-25-27-4923-0001-00BO		
22-25-27-4923-0001-00MO		
Runion West Development	Partners	
22-25-27-4923·0001-0060		
22-25-27-4923-0001-00MO		

$167,262

$51,857

$0	$167,262	
$267,997	$319,854	

Nov	$83,631.00	
Feb	$41,815.50	
May	$41,815.50	
Total	$167,262.00	
Nov	S25,928.50	
Feb	$12,964 .25	
May	$12,964.25	
Total	$51,857.00	

$0.00 $0.00 $0.00 $0.00

$133,998.50 $66,999.25 $66,999.25 $267,997.00

$83,631.00	Paid 2/15/17	
$41,815.50	Paid 2/15/17	
$41,815.50		
$167,262.00		
$159,927.00	Paid 11/4/16	
$79,963.50		
$79,963.50		
$319,854.00		

Rwest Holdings

34-25-27-4012-0004-0010  1000 Hotel

			Dec	
$150,074	$0	$150,074	March	
			June	
			September	
			Total	

O&M $37,518.50 $37,518.50 $37,518.50 $37,518.50 ?J,50,074.00

Debt $0.00 $0.00 $0.00 $0.00 $0.00

Total $37,518.50 $37,518.50 $37,518.50 $37,518.50 _j_lS0,07 4.00

Paid

1/20/17