Meeting	Agenda

November 19, 2024

Indigo East
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
October 8, 2024

Board of Supervisors Indigo East Community Development District

The Board of Supervisors of the Indigo East Community Development District will meet on Tuesday, October 15, 2024, at 9:00 a.m., or as shortly thereafter as reasonably possible at the Circle Square Commons, Cypress Hall, 8395 SW 80th Street, Ocala, Florida 34481. Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Approval of Minutes of the October 15, 2024 Meeting
Review and Ranking of Proposals and Selection of an Auditor
DiBartolomeo, McBee, Hartley & Barnes
Grau & Associates
Adjournment
Board of Supervisors Meeting

Roll Call
Public Comment Period
Organizational Matters
Appointment of Individuals to Fulfill Board Vacancy in Seats #2 & #5
Administration of Oaths of Office to Newly Appointed Supervisors
Election of Officers
Consideration of Resolution 2025-01 Electing Officers
Approval of Minutes of the October 15, 2024, Board of Supervisors Meeting
Acceptance of Audit Committee Recommendation and Selection of Number 1 Ranked Firm to Provide Auditing Services
Consideration of Resolution 2025-02 Amending the Fiscal Year 2024 Budget
Staff Reports
Attorney
District Manager’s Report
Consideration of Check Register
Balance Sheet and Income Statement
Supervisor's Requests
Other Business
Adjournment

Sincerely,
George Flint
George S. Flint District Manager

Cc:	Gerald Colen, District Counsel Ken Colen, On Top of the World
Guy Woolbright, On Top of the World Darrin Mossing, GMS
​

Audit Committee Meeting

Minutes
MINUTES OF MEETING INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT
The audit committee meeting of the Board of Supervisors of the Indigo East Community Development District was held on Tuesday, October 15, 2024 at 9:00 a.m. at Circle Square Commons, 8395 SW 80th Street, Ocala, FL.

Present for the Audit Committee were:
John Gysen Marla Ziino Terry Solan Bob Hutson

Also present were:

George Flint	District Manager
Robert Szozda	Field Manager
Jerry Colen	District Counsel
Robert Stepp	Colen Built
Andy Jorgenson	OTOW
CW Howard	Colen Built

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

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Is there any public comment for the audit committee? Hearing no comments, the next item followed.

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Mr. Flint: You have the form of the RFP and selection criteria in the agenda. This is what we have used in the past. We are asking them to provide pricing for five years. On the selection
October 15, 2024	Indigo East CDD
criteria, you can exclude price if you would like or include it. You can also change the weighting on the criteria if you felt one was more important than the other but we would recommend you do include price and the even weighting that we have in here is what we typically use and what you have done in the past. Any questions on the RFP or selection criteria? Is there a motion to approve it?

Approval of Notice of Request for Proposals for Audit Services
Mr. Flint: You have the form of the notice that will run in the Ocala StarBanner. The responses will be due in November and then they will be on the November 19th agenda. The audit committee will meet first and then the Board will meet after the audit committee. Is there a motion to approve the form of the notice?

Public Announcement of Opportunity to Provide Audit Services
Mr. Flint: We will publicly- announce the opportunity for any qualified auditors to respond to the RFP as included in your agenda. Anything else? If not, is there a motion to adjourn?
Mr. Hutson: After listening to them, you said you were getting less and less response. In the future, if this is the way it is going to go what is going to happen if we get no responses?
Mr. Flint: We will have to keep bidding it until we do get a response. There is one firm that we are fairly comfortable we will get. They do the most audits. It is Grau. They are not going anywhere so we know we will get at least that one. The question is how many others are we going to get. In the future, if we don’t get any, we will have to keep rebidding it until we do get it. You are statutorily required to have an independent audit. I don’t think that will happen, a scenario where we get no responses. There may be a scenario where we didn’t get one because someone missed the deadline or whatever and we have to re-notice it. I am fairly sure we will get at least one. The question is what is it going to do to the pricing. As the competition is less, the price may increase which may need to happen anyway to bring other auditors in.
October 15, 2024	Indigo East CDD
Mr. Hutson: Everything else is going that way too. Mr. Flint: Any other questions? Hearing none.

FOURTH ORDER OF BUSINESS	Adjournment
Mr. Flint: Is there a motion to adjourn?

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section IV

Indigo East CDD Auditor Selection								
	Ability of Personnel (20 pts)	Proposer's Experience (20 pts)	Understading of Scope of Work (20 pts)	Ability to Furnish the Required Services (20 pts)	Price (20 pts)	Total Points Earned	Ranking
(1 being highest)	
					2024- $3,280			
DiBartolomeo, McBee, Hartley & Barnes					2025- $3,400
2026- $3,550			
					2027- $3,700			
					2028- $3,850			
					2024- $3,200			
					2025- $3,300			
Grau & Associates					2026- $3,400			
					2027- $3,500			
					2028- $3,600			

Section A

Indigo East Community Development District

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

Jim Hartley, CPA Principal
TABLE OF CONTENTS

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

Indigo East
Community Development District Audit Selection Committee

Dear Committee Members:

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

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

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

Communication and Knowledge Sharing— Another driving force behind our service approach is frequent, candid and open communication with management with no surprises. During the course of the audit, we will communicate with management on a regular basis to provide you with a status report on the audit and to discuss any issues that arise, potential management letter comments, or potential audit differences.
In the accompanying proposal, you will find additional information upon which you can evaluate DMHB’s qualifications. Our full team is in place and waiting to serve you. Please contact us at 2222 Colonial Road, Suite 200 Fort Pierce, FL 34950. Our phone number is (772) 461-8833. We look forward to further discussion on how our team can work together with you.

Very truly yours,

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

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

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

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

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

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

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

1
PROFESSIONAL QUALIFICATIONS (CONTINUED)

Professional Staff Resources (Continued)

Audits of franchise fees received from outside franchisees

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

Audits of Internal Controls – Governmental Special Project

Assistance with Implementation of current GASB pronouncements

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

Identification of Audit Team

The team is composed of people who are experienced, professional, and creative. They fully understand your business and will provide you with reliable opinions. In addition, they will make a point to maintain ongoing dialogue with each other and management about the status of our services.
The auditing firm you select is only as good as the people who serve you. We are extremely proud of the outstanding team we have assembled for your engagement. Our team brings many years of relevant experience coupled with the technical skill, knowledge, authority, dedication, and most of all, the commitment you need to meet your government reporting obligations and the challenges that will result from the changing accounting standards.

A flow chart of the audit team and brief resumes detailing individual team members’ experience in each of the relevant areas follow.
Jim Hartley, CPA – Engagement Partner (resume attached) Will assist in the field as main contact
Jay McBee, CPA – Technical Reviewer (resume attached) Christine Kenny, CPA – Senior (resume attached)

2
Jim Hartley
Partner – DiBartolomeo, McBee, Hartley & Barnes
Experience and Training

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

Has provided audit services on governmental entities including towns, villages, cities, counties, special districts and community development districts. Jim has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Jim currently provides internal audit and consulting services to governmental entities and non-profit agencies to assist in implementing and maintaining “best practice” accounting policies and procedures. Jim provides auditing services to the Fort Pierce Utilities Authority, St. Lucie County Fire District, City of Port St. Lucie, Tradition CDD #1 – 10, Southern Groves CDD #1-6, Multiple CDD audits, Town of St. Lucie Village, Town of Sewall’s Point, Town of Jupiter Island along with several other entities, including Condo and Homeowner Associations.
Education and Registrations
Bachelor of Science in Accounting – Sterling College.
Certified Public Accountant
Professional Affiliations
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
Volunteer Service
Treasurer & Executive Board - St. Lucie County Chamber of Commerce
Budget Advisory Board - St. Lucie County School District
Past Treasurer - Exchange Club for Prevention of Child Abuse & Exchange Foundation Board
Board of Directors – State Division of Juvenile Justice
Jay L. McBee
Partner – DiBartolomeo, McBee, Hartley & Barnes

Experience and Training

Jay has over 45 years of public accounting experience and would serve as the technical reviewer on the audit. His experience and training include:
45 years of government experience.
Specializing in serving local government entities.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, special districts, and school districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including Circular A-133 and the Rules of the Auditor General.
Has extensive experience in performing pension audits.
Experienced in developing and maintaining the GFOA Certificate of Achievement.
120 Hours of relevant government CPE credits over the past 3 years.
Experience in municipal bond and other governmental-financing options and offerings.
Recent Engagements
Has provided auditing services on local governmental entities including towns, villages, cities, counties, special district and community development districts. Jay has assisted with financial preparation, system implementation, and a variety of government services to a wide range of governmental entities. Jay currently provides auditing services to the City of Port St. Lucie, City of Okeechobee Pension Trust Funds, St. Lucie County Fire District Pension funds, along with several other non-profit and governmental entities.

Education and Registrations
Bachelor of Science in Accounting and Quantitative Business Management – West Virginia University.
Certified Public Accountant
Professional Affiliations
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
Volunteer Service
Member of the St. Lucie County Citizens Budget Committee
Finance committee for the First United Methodist Church
Treasurer of Boys & Girls Club of St. Lucie County

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

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

Recent Engagements

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

Education and Registrations

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

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

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

Procedures for Ensuring Quality Control & Confidentiality

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

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

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

Independence

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

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

Independence (Continued)

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

Computer Auditing Capabilities

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

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

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

This evaluation includes:

System hardware and software
Organization and administration
Access

Contracts of Similar Nature within References

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

√	

Jim Hartley			

√	

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

√	

Jim Hartley				

50	
Waterleaf Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	
TECHNICAL APPROACH
An Express Agreement to Meet or Exceed the Performance Specifications.
The audit will be conducted in compliance with the following requirements:

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

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

Planning Phase:
Meetings and discussions with Indigo East Community Development District personnel regarding operating, accounting and reporting matters
Discuss management expectations, strategies and objectives
Review operations Develop engagement plan
Study and evaluate internal controls Conduct preliminary analytical review
Detailed Audit Phase:
Conduct final risk assessment Finalize audit approach plan
Perform	substantive	tests	of	account
balances
Perform	single	audit	procedures	(if applicable)
Perform statutory compliance testing
Closing Phase:
Review subsequent events, contingencies and commitments
Complete	audit	work	and	obtain management representations
Review proposed audit adjustments with client
Reporting Phase:
Review		or	assist	in		preparation		of financial			statement		for		Indigo		East Community Development District Prepare	management		letter	and	other special reports
Exit conference with Indigo East Community Development District officials and management
Delivery of final reports
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
SPECIFIC AUDIT APPROACH
Our partners are not strangers who show up for an entrance conference and an exit conference. We have developed an audit plan that allows the partners to directly supervise our staff in the field. By assigning two partners to the audit, we will have a partner on-site for a significant portion of the fieldwork. This also gives the District an additional contact individual for questions or problems that may arise during the audit.

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

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

Maximize our understanding of the District’s operating environment
Minimize time required conducting the audit since we start with broad considerations and narrow to specific audit objectives in critical areas
Our audit approach consists of four phases encompassing our audit process:

Planning Phase
Detailed Audit Phase
Closing Phase
Reporting

Planning Phase
Meetings and Expectations:
Our first step in this phase will be to set up a planning meeting with the financial and operating management of Indigo East Community Development District. Our goal here is to eliminate “surprises.” By meeting with responsible officials early on we can discuss significant accounting policies, closing procedures and timetables, planned timing of our audit procedures and expectations of our work. This will also be the starting point for our discussions with management related to SAS No. 99-Consideration of Fraud in a Financial Statement Audit. Inquiries will be made regarding managements knowledge of fraud and on management’s views regarding the risk of fraud.
Review Operations and Develop Engagement Plan
It is critical that we understand the District’s operating environment. To do this we will obtain and review such items as, organizational charts, recent financial statements, budget information, major contracts and lease agreements. We will also gather other information necessary to increase our understanding of the District’s operations, organization, and internal control.

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

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

Conduct Preliminary Analytical Review
Also during the planning stage, we undertake analytical procedures that aid us in focusing our energies in the right direction. We call these analytical reviews.
A properly designed analytical review can be a very effective audit procedure in audits of governmental units. Analytical reviews consist of more than just a comparison of current-year actual results to prior-year actual results. Very effective analytical review techniques include trend analysis covering a number of years and comparisons of information not maintained totally within the financial accounting system, such as per capita information, prevailing market interest rates, housing statistics, etc.

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

Comparison of current-year actual results with current-year budget for the current and past years with investigation of significant differences and/or trends
Trend analysis of the percentage of current-year revenues to current-year rates for the current and previous years with investigation of significant changes in the collection percentage
Trend analysis of the percentage of expenditures by function for the current and previous years with investigation of significant changes in percentages by department
Monthly analysis of receipts compared to prior years to detect trends that may have audit implications
Conclusions reached enable us to determine the nature, timing and extent of other substantive procedures.
Detailed Audit Phase

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

Perform Single Audit Procedures (if applicable)
During the planning phase of the audit we will request and review schedules of expenditures of federal awards and state financial assistance. These schedules will be the basis for our determination of the specific programs we will test.
In documenting our understanding of the internal control system for the financial statement audit, we will identify control activities that impact major federal and state programs as well. This will allow us to test certain controls for the financial audit and the single audit concurrently. We will then perform additional tests of controls for each federal and state program selected for testing. We will then evaluate the results of the test of controls to determine the nature, timing and extent of substantive testing necessary to determine compliance with major program requirements.
Perform Statutory Compliance Testing
We have developed audit programs for Indigo East Community Development District designed to test Florida Statutes as required by the Auditor General. These programs include test procedures such as general inquiries, confirmation from third parties, and examination of specific documents.

Closing Phase

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

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

Management Letters
We want to help you solve problems before they become major.
Our management letters go beyond citing possible deficiencies in the District’s internal control structures. They identify opportunities for increasing revenues, decreasing costs, improving management information, protecting assets and improving operational efficiency.
The diversity of experience of our personnel and their independent and objective viewpoints make the comments, observations, and conclusions presented in our management letters a valuable source of information. We have provided positive solution-oriented objective recommendations to our governmental clients regarding investments, accounting accuracy, data processing, revenue bonds, payroll, utility billing, purchasing, budgeting, risk management, and internal auditing.
This review ensures the integrity of the factual data in the management letter but does not influence or impair our independence.

Exit Conferences and Delivery of Reports
We anticipate meeting with appropriate District personnel in February and issuing the final required reports by the May meeting of each year.
PROPOSED AUDIT FEE

DiBartolomeo, McBee, Hartley & Barnes P.A. will perform the annual audit of Indigo East Community Development District as follows:

September 2024	$ 3,280	
September 2025	$ 3,400	
September 2026	$ 3,550	
September 2027	$ 3,700	
September 2028	$ 3,850	

In years of new debt issuance fees may be adjusted as mutually agreed upon.

Section B

Proposal to Provide Financial Auditing Services:
INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: November 8, 2024 2:00PM

Submitted to:
Indigo East
Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Submitted by:
Antonio J. Grau, Partner Grau & Associates
1001 Yamato Road, Suite 301 Boca Raton, Florida 33431 Tel	(561) 994-9299
(800) 229-4728
Fax	(561) 994-5823
tgrau@graucpa.com www.graucpa.com

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

November 8, 2024

Indigo East Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2024, with an option for four (4) additional annual renewals.

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

Government audits are at the core of our practice: 95% of our work is performing audits for local governments and of that 98% are for special districts. With our significant experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to your operations.

Why Grau & Associates:

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

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

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

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.
Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

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

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

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

3
Partners

11
Professional Staff

2
Administrative Professionals
9/15
Employees are CPAS

Year founded

Properly registered and licensed professional corporation by the state of FLORIDA

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

See next page for report and certificate
⇒ External quality review program:
consistently receives a pass
⇒ Internal: ongoing monitoring to
maintain quality

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

Profile Briefs:
Antonio J GRAU, CPA (Partner)
Years Performing Audits: 35+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 56 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

David Caplivski, CPA (Partner)
Years Performing Audits: 13+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 64 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

YOUR ENGAGEMENT TEAM

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

The Certified Information Technology Professional (CITP) Partner will bring a unique blend of IT expertise and understanding of accounting principles to the financial statement audit of the District.

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

CITP Partner

Your Successful Audit
Engagement Partner

Audit Senior
Audit Manager

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.
The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.
Antonio ‘Tony ‘ J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

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

Clients Served (partial list)

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

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

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	56
Total Hours	80 (includes of 4 hours of Ethics CPE)
David Caplivski, CPA/CITP, Partner
Contact : dcaplivski@graucpa.com / 561-939-6676
Experience
Grau & Associates	Partner	2021-Present	
Grau & Associates	Manager	2014-2020	
Grau & Associates	Senior Auditor	2013-2014	
Grau & Associates	Staff Auditor	2010-2013	

Education
Florida Atlantic University (2009) Master of Accounting
Nova Southeastern University (2002) Bachelor of Science
Environmental Studies

Certifications and Certificates
Certified Public Accountant (2011)
AICPA Certified Information Technology Professional (2018) AICPA Accreditation COSO Internal Control Certificate (2022)

Clients Served (partial list)
(>300) Various Special Districts	Hispanic Human Resource Council	
Aid to Victims of Domestic Abuse	Loxahatchee Groves Water Control District	
Boca Raton Airport Authority	Old Plantation Water Control District	
Broward Education Foundation	Pinetree Water Control District	
CareerSource Brevard	San Carlos Park Fire & Rescue Retirement Plan	
CareerSource Central Florida 403 (b) Plan	South Indian River Water Control District	
City of Lauderhill GERS	South Trail Fire Protection & Rescue District	
City of Parkland Police Pension Fund	Town of Haverhill	
City of Sunrise GERS	Town of Hypoluxo	
Coquina Water Control District	Town of Hillsboro Beach	
Central County Water Control District	Town of Lantana	
City of Miami (program specific audits)	Town of Lauderdale By-The–Sea Volunteer Fire Pension	
City of West Park	Town of Pembroke Park	
Coquina Water Control District	Village of Wellington	
East Central Regional Wastewater Treatment Facl.	Village of Golf	
East Naples Fire Control & Rescue District		

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	64
Total Hours	88 (includes 4 hours of Ethics CPE)
Professional Associations
Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants Member, Florida Government Finance Officers Association Member, Florida Association of Special Districts

References

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

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

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

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

Specific Audit Approach

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

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

PHASE I:
Preliminary Planning
PHASE II:
Execution of the Audit Plan
PHASE III:
Completion and Delivery

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

During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.
Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
»  Perform tests of compliance.
Phase III - Completion and Delivery

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

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

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

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

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

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

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
»  Difficulties encountered in performing the audit.
Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

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

Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.

Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2024-2028 are as follows:

  Year Ended September 30,			Fee		
2024	$3,200	
2025	$3,300	
2026	$3,400	
2027	$3,500	
2028	$3,600	
TOTAL (2024-2028)	$17,000	

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

Supplemental Information

PARTIAL LIST OF CLIENTS

 	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Farms Water Control District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Asbury Municipal Service Benefit District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Water Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Port of The Islands Community Improvement District					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunrise Lakes Phase IV Recreation District					9/30	
Sunshine Water Control District					9/30	
Sunny Hills Units 12-15 Dependent District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (452)					9/30	
TOTAL	491	5	4	484		
ADDITIONAL SERVICES

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

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

ARBITRAGE

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

Current Arbitrage Calculations

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

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

Board of Supervisors Meeting

Section III

Section D
RESOLUTION 2025-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Indigo Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS	OF	THE	INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT:

Section 1.		is elected Chairperson. Section 2.		is elected Vice-Chairperson. Section 3.		is elected Secretary.
Section 4.		is elected Assistant Secretary.
	is elected Assistant Secretary.
	is elected Assistant Secretary.
	is elected Assistant Secretary.

Section 5.		is elected Treasurer.
Section 6.		is elected Assistant Treasurer.
Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 19th day of November, 2025.

ATTEST:	INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

Minutes
MINUTES OF MEETING INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Indigo East Community Development District was held on Tuesday, October 15, 2024 at 9:00 a.m. at Circle Square Commons, 8395 SW 80th Street, Ocala, FL.

Present and constituting a quorum:
John Gysen	Chairman
Marla Ziino	Assistant Secretary
Terry Solan	Assistant Secretary
Bob Hutson	Assistant Secretary

Also present were:

George Flint	District Manager
Robert Szozda	Field Manager
Jerry Colen	District Counsel
Robert Stepp	Colen Built
Andy Jorgenson	OTOW
CW Howard	Colen Built

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

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Are there any members of the public that want to provide comment for the Indigo East Community Development District? Hearing no comments, we will move on to the next item.
October 15, 2024	Indigo East CDD
THIRD ORDER OF BUSINESS	Approval of Minutes of the August 20,
2024 Meeting
Mr. Flint: We have approval of the minutes from August 20, 2024. Were there any comments or corrections to those?

FOURTH ORDER OF BUSINESS	Review  of  Proposals  for  Landscape
Maintenance Services and Selection of Vendor
Mr. Flint: The Board initially bid this out. You selected Lawn Enforcement and that was in the spring with an effective date of October 1st. In the interim, staff became concerned about their ability to perform the work so after it was awarded, the Board rescinded that award and directed staff to rebid landscape maintenance services. This was handled by Andy with On Top of the World Colen Built and you can see we have provided the bids in your agenda as well as a summary. I have handed out a larger version of that summary to you. There were seven responses and we asked for three years of pricing. The responses ranged anywhere from $120,000 to
$196,900 a year. I have reviewed this with Andy. We have gone over the responses and our recommendation would be Yellowstone and we would like the Board to consider awarding a one- year contract with two one-year options for extension. MHS currently does a fair amount of work in the community. There is some concern about their capacity and ability to perform and that is why we are not recommending them. United Land was recommending a four-person crew which we do not believe is adequate to be able to keep up with the work in the community and that is why Yellowstone is being recommended. Andy, anything else to add?
Mr. Jorgenson: Just a statement still within the proposed budget amount.
Mr. Flint: That is the other thing. When you went through the budget process and you selected Lawn Enforcement, you kept your budget at the same level that it was before. I think it is at $140,000.
Mr. Hutson: Did Yellowstone give us an additional bid for the extra trim? I don’t see it on
ours.
Mr. Flint: Andy, do you recall?
October 15, 2024	Indigo East CDD
Mr. Jorgenson: I believe they were going to include at least one additional trim. They just did not state it within the contract but I can clarify that.
Mr. Flint: That would make the bids even closer at that point. They are within $3,000 of each other, if the second trim is included. Any questions from the Board on that?
Ms. Ziino: I saw several references made to hurricane damage. Is that included in the contract or is that unexpected expenses?
Mr. Flint: It is typically an additional service.
Mr. Jorgenson: The typical minor debris removal is included within the scope of work. Typically, it is anything 4 inches or larger is going to be considered an Act of God and would be an additional expense.
Ms. Ziino: Thank you.
Mr. Flint: Any other questions or comments on the landscape proposals?
Mr. Hutson: I am sure it is extra when we decide to have some of the shrubbery replaced that are dead and stuff like that.
Mr. Flint: Yes, that would be. Yellowstone and United are good companies. Yellowstone is National. I am not sure if United is but they are a fairly large company. I think both of them are establishing themselves in this market but they are well established in other parts of the state, Jacksonville and Central Florida I deal with both companies a fair amount.
Mr. Gysen: I make a motion we accept Yellowstone.
Mr. Flint: The dollar amounts on this contract are under the statutory bid threshold so the Board is not obligated to go through a formal sealed bid process on this although we did go through a bid process, it is not the formal sealed bid and also there is no provision for any protest of your decision because you are under that threshold.

FIFTH ORDER OF BUSINESS	Consideration	of	Proposals	for
Stormwater Structure Repairs
Mr. Flint: I provided two additional sheets. One says CDD Indigo MES repair that is mitered in repair and CW Howard is here. We received proposals from two companies, Ho-Man
October 15, 2024	Indigo East CDD
Contracting and Burton Utilities. The District Engineer annually inspects the stormwater system and upon their inspection of the system they found that some mitered ends needed repair. CW do you mind presenting these?
Mr. Howard: Basically, like George said, the engineer doesn’t need an inspection on this and, I got the contractors who recommended a couple of options. From what I see of the pictures and doing a visual inspection, there is just a lot of cosmetic cracking going on. I had them price out just doing a finish of that, filling in the cracks and refinishing over the top of the existing concrete. The other option would be to remove and replace the entire mitered end along with the splash pad if needed.
Mr. Flint: Our recommendation would be the Burton Utilities crack repair option which is
$1,000 per mitered end for $3,000. Again, the mitered ends have cracks in them and are not to a point where we believe they need to be demolished and repoured. I think we can do some crack repair and then just keep an eye on it going forward. That would be the most cost-effective approach and I think it is the most practical. It is option 1 under Burton Utilities. Any questions on these responses?
Mr. Hutson: No.
Mr. Flint: Is there a motion to approve option 1 under Burton Utilities for $3,000?

SIXTH ORDER OF BUSINESS	Consideration of Proposals for Sinkhole
Remediation
Mr. Flint: There is a sinkhole in one of the dry retention areas. CW is going to need to help me with the location of it. I didn’t bring the map with me. Basically, we had a geotechnical engineer go out. If it is a minor small sinkhole, the landscape contractors just fill them in and take care of it but once it gets above a certain size, we have a geotechnical engineer come out and evaluate it and come up with a remediation plan. They did that and came up with a remediation plan then we went out and got three proposals. Part of that remediation plan is to do a partial excavation of the hole. It is possible once they start excavating the hole that they will find that there is what is called a chimney and, in that case, there would be some additional expenses that
October 15, 2024	Indigo East CDD
are included here. But assuming there isn’t, these three responses are for repair of that. We are recommending Florida Fine Grading which is the low-cost proposal at $4,500. Florida Fine Grading came back and we asked them in the event a chimney was found and they had to do additional work, they indicated that anything above the Geotech Report would be $500 per load. Ho-Man Contracting indicated in the event a chimney is encountered, it will be excavated and back filled at $1,200 per day plus truck time with the material to fill being provided by others. Even under that scenario, it appears Florida Fine Grading is still going to be the most cost-effective approach. Any questions on the proposals? Is there a motion to approve Florida Fine Grading?

SEVENTH ORDER OF BUSINESS	Appointment of Audit Committee and
Chairman
Mr. Flint: We need to rebid the independent auditing services and as part of that you have to appoint an audit committee which approves the form of a notice, selection criteria and RFP then reviews and ranks the responses and makes a recommendation to the Board. In the past, the Board has appointed themselves as the audit committee. If you are okay with doing that, then a motion to appoint the Board as the audit committee and then designate one of the Board members as the Chair would be in order.
Mr. Gysen: I make a motion that we appoint the Board as the audit committee and make Robert the Chair.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Jerry, anything?
Mr. Colen: I have nothing to report.
October 15, 2024	Indigo East CDD
District Manager
Approval of Check Register
Mr. Flint: You have the check register from August 6th through October 1st for the general fund and Board compensation totaling $201,825.99. The detailed register is behind the summary. Were there any questions on the check register?
Mr. Gysen: No.
Mr. Flint: Is there a motion to approve it?

Balance Sheet and Income Statement
Mr. Flint: Next you have the unaudited financials. There is no action required by the Board. If the Board has any questions, we can discuss them. We are over 100% collected on the on-roll assessments. Our actual administrative is slightly over budget. It looks like engineering came in higher than budgeted so that pushed us over a little bit but we are still under the total adopted budget for the year. Any questions on the financials? Hearing no questions, the next item followed.

NINTH ORDER OF BUSINESS	Organizational Matters
Mr. Flint: You did have two seats whose terms are up in November of this year, seat #1 which is occupied by Ms. Ziino and seat #4 which was occupied by Ms. LaFrance. No one qualified for either of those seats. You all declared both seats vacant as of November 19th. You happen to have a Board meeting on the 19th so at your November 19th Board meeting, you will need to consider appointments to those two seats. They have to be a general elector which means it has to be someone that lives within Indigo East and that is their full-time residence and they are registered to vote with that address. There is really no action today. You do have a vacancy. You could fill Ms. LaFrance’s vacancy today but then on November 19th, you are going to have to vote again to fill that so it is up to you on whether you want to take any action on her vacant seat today or just wait until the 19th.
Ms. Ziino: Just wait.
Mr. Flint: We will have organizational matters on your November 19th agenda and the Board can address those two seats.
October 15, 2024	Indigo East CDD

TENTH ORDER OF BUSINESS	Supervisors Requests
Mr. Flint: Was there anything else the Board wanted to discuss? Hearing no comments.

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. Flint: Is there a motion to adjourn?

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section VI
RESOLUTION 2025-02

A RESOLUTION AMENDING THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND  AND  CAPITAL  RESERVE  FUND  FOR FISCAL YEAR 2024 AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Indigo East Community Development District, hereinafter referred to as the “District”, adopted a General Fund Budget and Capital Reserve Fund Budget for the Fiscal Year 2024, and

WHEREAS, the Board desires to amend the budgeted revenues and expenditures approved for Fiscal Year 2024.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE INDIGO EAST COMMUNITY DEVELOPMENT DISTRICT THE FOLLOWING;

The General Fund and Capital Reserve Fund Budgets for Fiscal Year 2024 are hereby amended in accordance with Exhibit “A” attached.

This resolution shall become effective this 19th day of November, 2024 and be reflected in the monthly and Fiscal Year End 9/30/2024 Financial Statements and Audit Report of the District.

Adopted this 19th day of November, 2024.

Chairman/Vice Chairman

Secretary/Assistant Secretary

Indigo East
Community Development District

Amended Budget
FY2024

fll  ft
lu1•1

Table of Contents

	General Fund

	Capital Reserve
Indigo East
Community Development District Amended Budget
General Fund

Adopted Budget
Description	FY2024	
Increase/ (Decrease)	Amended Budget
FY2024	
Projected FY2024						

Revenues									
Maintenance Assessments	$	333,934	$	2,444	$	336,378	$	336,378					
Interest	$	-	$	26	$	26	$	26					
Carry Forward Surplus	$	-	$	72,570	$	72,570	$	113,542					
Total Revenues	$	333,934	$	75,040	$	408,974	$	449,946					

Expenditures									
General & Administrative									
Supervisor Fees	$	4,000	$	-	$	4,000	$	3,400					
FICA Expense	$	306	$	-	$	306	$	199					
Engineering	$	4,000	$	3,055	$	7,055	$	7,055					
Trustee Fees	$	2,050	$	-	$	2,050	$	2,020					
Dissemination	$	2,650	$	100	$	2,750	$	2,750					
Arbitrage	$	450	$	450	$	900	$	900					
Assessment Roll	$	5,300	$	-	$	5,300	$	5,300					
Attorney	$	6,100	$	-	$	6,100	$	6,000					
Annual Audit	$	4,000	$	100	$	4,100	$	4,100					
Management Fees	$	8,304	$	-	$	8,304	$	8,304					
Information Technology	$	848	$	-	$	848	$	848					
Website Maintenance	$	636	$	-	$	636	$	636					
Telephone	$	100	$	-	$	100	$	-					
Postage	$	200	$	-	$	200	$	180					
Printing & Binding	$	500	$	-	$	500	$	0					
Insurance	$	7,960	$	-	$	7,960	$	7,489					
Legal Advertising	$	1,000	$	-	$	1,000	$	576					
Other Current Charges	$	1,200	$	-	$	1,200	$	1,014					
Office Supplies	$	200	$	-	$	200	$	82					
Dues, Licenses & Subscriptions	$	175	$	-	$	175	$	175					
Total General & Administrative:	$	49,979	$	3,705	$	53,684	$	51,028					

Operations & Maintenance									
Property Insurance	$	791	$	-	$	791	$	781					
Water Expense	$	2,508	$	65	$	2,573	$	2,573					
Electric Expense	$	30,360	$	-	$	30,360	$	23,608	
Irrigation Repairs	$	2,925	$	-	$	2,925	$	411	
Retention Ponds/ROW Maintenance	$	188,253	$	10,035	$	198,288	$	198,288	
Plant Replacement	$	2,500	$	5,605	$	8,105	$	8,105	
Tree Trimming	$	1,000	$	-	$	1,000	$	-	
Pressure Washing	$	18,207	$	-	$	18,207	$	17,000	
Well Maintenance/Repairs	$	4,050	$	-	$	4,050	$	-	
Contingency	$	8,361	$	-	$	8,361	$	4,850	
Total Operations & Maintenance:	$	258,955	$	15,705	$	274,659	$	255,616	

Other Expenditures

Transfer Out - Capital Reserve
$	25,000  $
55,630  $
80,630  $
80,630

Indigo East
Community Development District Amended Budget
Capital Reserve

Adopted Budget	
Increase/	Amended Budget	
Projected		
Description	FY2024	(Decrease)	FY2024	FY2024		

Revenues					
Interest Income	$	-	$	22,000	$	22,000	$	21,697	
Carry Forward Surplus	$	338,604	$	32,164	$	370,768	$	370,768	
Total Revenues	$	338,604	$	54,164	$	392,768	$	392,465	

Expenditures					
Roadway Resurfacing	$	-	$	3,210	$	3,210	$	3,210	
Roadway Striping	$	-	$	23,324	$	23,324	$	23,324	
Tree Replacement	$	-	$	2,500	$	2,500	$	2,500	
Contingency	$	-	$	10,966	$	10,966	$	-	
Total Expenditures	$	-	$	40,000	$	40,000	$	29,034	

Other Expenditures					
Transfer In	$	25,000	$	55,630	$	80,630	$	80,630	
Total Other Expenditures	$	25,000	$	55,630	$	80,630	$	80,630	
					
Excess Revenues/(Expenditures)	$	363,604	$	69,795	$	433,399	$	444,062	

Section VII

Section B

Section 1
Indigo East
Community Development District
Summary of Invoices

October 2, 2024 to November 5, 2024

Fund	Date	Check No.'s		Amount		

General Fund	
10/2/24	
1706-1707	
$		
10,797.11	
	10/16/24	1708	$		1,295.63	
	10/23/24	1709-1711	$		1,805.82	
	10/30/24	1712-1713	$		100.00	
	11/1/24	1714	$		11,805.94	
			$		25,804.50	

Payroll	October 2, 2024 to November 5, 2024						
Robert D Hutson	50299	$	184.70			
John Gysen	50300	$	200.00			
Marla Wilson Ziino	50301	$	184.70			
Terrance Solan	50302	$	184.70			
		$	754.10			
		$	26,558.60			
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/12/24	PAGE	1
*** CHECK DATES 10/02/2024 - 11/05/2024 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/02/24 00052	9/27/24 22422436 202408 310-51300-31100	*	2,692.50
ANN ENGINEER REPORT AUG24
DEWBERRY ENGINEERS INC.	2,692.50 001706
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/02/24 00047	9/18/24 83065	202409 320-53800-47600	*	8,104.61
OAK-TREE REPLACEMENT
EARTHSCAPES UNLIMITED INC.	8,104.61 001707
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/16/24 00019 10/01/24 267	202410 310-51300-34000	*	795.83
MANAGEMENT FEES OCT24
10/01/24 267	202410 310-51300-34200	*	55.67
WEBSITE ADMIN OCT24
10/01/24 267	202410 310-51300-34300	*	74.25
INFORMATION TECH OCT24
10/01/24 267	202410 310-51300-31300	*	231.92
DISSEMINATION SVCS OCT24
10/01/24 267	202410 310-51300-51000	*	.12
OFFICE SUPPLIES OCT24
10/01/24 267	202410 310-51300-42000	*	137.84
POSTAGE OCT24
GOVERNMENTAL MANAGEMENT SERVICES	1,295.63 001708
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00002 10/16/24 5261	202410 310-51300-31500	*	1,500.00
GENERAL COUNSEL OCT24
COLEN & WAGONER P.A.	1,500.00 001709
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00067 10/01/24 90678	202410 310-51300-54000	*	175.00
SPECIAL DISTRICT FEE FY25
DEPARTMENT OF ECONOMIC OPPORTUNITY	175.00 001710
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00081	9/30/24 00067007 202409 310-51300-48000	*	130.82
NOT BOS MEETING DATES
GANNETT MEDIA CORP DBA GANNETT	130.82 001711
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/30/24 00061 10/17/24 10	202410 310-51300-31300	*	100.00
AMORT SERIES 2016 11-1-24
DISCLOSURE SERVICES LLC	100.00 001712
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/30/24 00047	9/30/24 83186	202409 320-53800-47300	*	11,805.94
ROW MAINTENANCE SEP24
10/21/24 83235	202410 320-53800-47600	*	8,000.00
RIP OUT/REPLCED ANNUALS
EARTHSCAPES UNLIMITED INC.	19,805.94 001713
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/01/24 00047	9/30/24 83186	202409 320-53800-47300	V	11,805.94- ROW MAINTENANCE SEP24
INDE INDIGO EAST	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/12/24	PAGE	2
*** CHECK DATES 10/02/2024 - 11/05/2024 ***	INDIGO EAST - GENERAL FUND
BANK A INDIGO EAST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	10/21/24 83235	202410 320-53800-47600		V					8,000.00-		
	RIP OUT/REPLCED ANNUALS
EARTHSCAPES UNLIMITED INC.								19,805.94-001713	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- -	-	-	-	-	- - - - - -	- - - - - - - -	
11/01/24 00047	9/30/24 83186	202409 320-53800-47300		*					11,805.94		
	ROW MAINTENANCE SEP24									
	EARTHSCAPES UNLIMITED INC.								11,805.94 001714	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- -	-	-	-	-	- - - - - -	- - - - - - - -	
	TOTAL FOR	BANK A						25,804.50		
	TOTAL FOR	REGISTER						25,804.50		

INDE INDIGO EAST	ZYAN

Section 2

Indigo East
Community Development District

Unaudited Financial Reporting
September 30, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund	

5	
	Capital Reserve Fund	

6	
	Month to Month	

7	
	Long-Term Debt	

8	
	Assessment Receipt Schedule	
Indigo East
Community Development District Combined Balance Sheet September 30, 2024

Assets:
Cash							
Operating Account	$	71,024	$	-	$	-	$	71,024			
Investment							
State Board Administration	$	-	$	-	$	443,963	$	443,963			
Series 2016							
Reserve	$	-	$	32,905	$	-	$	32,905					
Revenue	$	-	$	100,208	$	-	$	100,208					
Prepayment	$	-	$	12,941	$	-	$	12,941					
Accrued Interest Receivable	$	-	$	190	$	99	$	289					
Prepaid Expenses	$	14,382	$	-	$	-	$	14,382					
Total Assets	$	85,406	$	146,244	$	444,062	$	675,711				
Liabilities:							
Accounts Payable	$	22,734	$	-	$	-	$	22,734				
Total Liabilites	$	22,734	$	-	$	-	$	22,734				

Fund Balance:							
Assigned For:							
Capital Reserve	$	-	$	-	$	444,062	$	444,062				
Nonspendable:							
Deposits and Prepaid Items	$	14,382	$	-	$	-	$	14,382	
Restricted For:							
Debt Service Series 2016	$	-	$	146,244	$	-	$	146,244				
Unassigned	$	48,290	$	-	$	-	$	48,290				
Total Fund Balances	$	62,672	$	146,244	$	444,062	$	652,977			
							
Total Liabilities & Fund Balance	$	85,406	$	146,244	$	444,062	$	675,711			
Indigo East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/24	Thru 09/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	333,934	$	333,934	$	336,378	$	2,444	
Interest	$	-	$	-	$	26	$	26	
Total Revenues	$	333,934	$	333,934	$	336,404	$	2,470	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	4,000	$	4,000	$	3,400	$	600	
FICA Expense	$	306	$	306	$	199	$	107	
Engineering	$	4,000	$	4,000	$	7,055	$	(3,055)	
Trustee Fees	$	2,050	$	2,050	$	2,020	$	30	
Dissemination	$	2,650	$	2,650	$	2,750	$	(100)	
Arbitrage	$	450	$	450	$	900	$	(450)	
Assessment Roll	$	5,300	$	5,300	$	5,300	$	-	
Attorney	$	6,100	$	6,100	$	6,000	$	100	
Annual Audit	$	4,000	$	4,000	$	4,100	$	(100)	
Management Fees	$	8,304	$	8,304	$	8,304	$	0	
Information Technology	$	848	$	848	$	848	$	0	
Website Maintenance	$	636	$	636	$	636	$	-	
Telephone	$	100	$	100	$	-	$	100	
Postage	$	200	$	200	$	180	$	20	
Printing & Binding	$	500	$	500	$	0	$	500	
Insurance	$	7,960	$	7,960	$	7,489	$	471	
Legal Advertising	$	1,000	$	1,000	$	576	$	424	
Other Current Charges	$	1,200	$	1,200	$	1,014	$	186	
Office Supplies	$	200	$	200	$	82	$	118	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	49,979	$	49,979	$	51,028	$	(1,049)	
Indigo East
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/24	Thru 09/30/24	Variance	

Operation and Maintenance					
Property Insurance	$	791	$	791	$	781	$	10	
Water Expense	$	2,508	$	2,508	$	2,573	$	(65)	
Electric Expense	$	30,360	$	30,360	$	23,608	$	6,752	
Irrigation Repairs	$	2,925	$	2,925	$	411	$	2,514	
Retention Ponds/ROW Maintenance	$	188,253	$	188,253	$	198,288	$	(10,035)	
Plant Replacement	$	2,500	$	2,500	$	8,105	$	(5,605)	
Tree Trimming	$	1,000	$	1,000	$	-	$	1,000	
Pressure Washing	$	18,207	$	18,207	$	17,000	$	1,207	
Well Maintenance/Repairs	$	4,050	$	4,050	$	-	$	4,050	
Contingency	$	8,361	$	8,361	$	4,850	$	3,511	
Total O&M Expenditures:	$	258,955	$	258,955	$	255,616	$	3,339	
					
Total Expenditures	$	308,934	$	308,934	$	306,644	$	2,290	
					
Excess Revenues (Expenditures)	$	25,000		$	29,760		

Other Financing Sources/(Uses)					
Transfer In/(Out) - Capital Reserve	$	(25,000)	$	(25,000)	$	(80,630)	$	(55,630)	
Total Other Financing Sources/(Uses)	$	(25,000)	$	(25,000)	$	(80,630)	$	(55,630)	

Fund Balance - Beginning	$	-	$	113,542	
			
Fund Balance - Ending	$	-	$	62,672	
Indigo East
Community Development District Debt Service Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/24	Thru 09/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	82,589	$	82,589	$	82,901	$	312	
Assessments - Prepayment	$	-	$	-	$	12,872	$	12,872	
Interest Income	$	-	$	-	$	7,080	$	7,080	
Total Revenues	$	82,589	$	82,589	$	102,853	$	20,264	

Expenditures:					
Special Call - 11/1	$	-	$	-	$	5,000	$	(5,000)	
Interest - 11/1	$	18,263	$	18,263	$	18,056	$	206	
Principal - 5/1	$	45,000	$	45,000	$	45,000	$	-	
Interest - 5/1	$	18,263	$	18,263	$	17,944	$	319	
Total Expenditures	$	81,525	$	81,525	$	86,000	$	(4,475)	
					
Excess Revenues (Expenditures)	$	1,064		$	16,853		
					
Fund Balance - Beginning	$	90,762		$	129,391		
					
Fund Balance - Ending	$	91,826		$	146,244		
Indigo East
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending September 30, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 09/30/24	Thru 09/30/24	Variance	

Revenues:					
Interest Income	$	-	$	-	$	21,697	$	21,697	
Total Revenues	$	-	$	-	$	21,697	$	21,697	

Expenditures:					
Roadway Resurfacing	$	-	$	-	$	3,210	$	(3,210)	
Roadway Striping	$	-	$	-	$	23,324	$	(23,324)	
Tree Replacement	$	-	$	-	$	2,500	$	(2,500)	
Total Expenditures	$	-	$	-	$	29,034	$	(29,034)	
					
Excess Revenues (Expenditures)	$	-		$	(7,337)		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	25,000	$	25,000	$	80,630	$	55,630	
Total Other Financing Sources/(Uses)	$	25,000	$	25,000	$	80,630	$	55,630	
					
Net Change in Fund Balance	$	25,000		$	73,293		
					
Fund Balance - Beginning	$	338,604		$	370,768		
					
Fund Balance - Ending	$	363,604		$	444,062		
Indigo East
Community Development District Month to Month

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

Revenues:														
Assessments - Tax Roll	$	-	$	8,215	$	284,029	$	22,640	$	6,480	$	4,136	$	7,417	$	1,658	$	1,795	$	8	$	-	$	-	$  336,378	
Interest	$	1	$	1	$	2	$	4	$	3	$	3	$	2	$	2	$	2	$	2	$	2	$	1	$	26	
Total Revenues	$	1	$	8,216	$	284,030	$	22,644	$	6,483	$	4,139	$	7,420	$	1,660	$	1,798	$	10	$	2	$	1	$  336,404	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	800	$	-	$	-	$	800	$	-	$	-	$	-	$	1,000	$	-	$	800	$	-	$	3,400	
FICA Expense	$	-	$	46	$	-	$	-	$	46	$	-	$	-	$	-	$	61	$	-	$	46	$	-	$	199	
Engineering	$	2,253	$	-	$	-	$	550	$	1,560	$	-	$	-	$	-	$	-	$	-	$	2,693	$	-	$	7,055	
Trustee Fees	$	-	$	-	$	2,020	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,020	
Dissemination	$	321	$	221	$	221	$	221	$	221	$	221	$	221	$	221	$	221	$	221	$	221	$	221	$	2,750	
Arbitrage	$	-	$	-	$	-	$	900	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	900	
Assessment Roll	$	5,300	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,300	
Attorney	$	-	$	1,500	$	-	$	-	$	1,500	$	-	$	-	$	1,500	$	-	$	-	$	1,500	$	-	$	6,000	
Annual Audit	$	-	$	-	$	-	$	-	$	2,000	$	2,100	$	-	$	-	$	-	$	-	$	-	$	-	$	4,100	
Management Fees	$	692	$	692	$	692	$	692	$	692	$	692	$	692	$	692	$	692	$	692	$	692	$	692	$	8,304	
Information Technology	$	71	$	71	$	71	$	71	$	71	$	71	$	71	$	71	$	71	$	71	$	71	$	71	$	848	
Website Maintenance	$	53	$	53	$	53	$	53	$	53	$	53	$	53	$	53	$	53	$	53	$	53	$	53	$	636	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Postage	$	3	$	4	$	1	$	3	$	5	$	39	$	30	$	6	$	28	$	3	$	26	$	32	$	180	
Printing & Binding	$	-	$	-	$	0	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	0	
Insurance	$	7,489	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	7,489	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	113	$	-	$	-	$	332	$	131	$	576	
Other Current Charges	$	88	$	87	$	87	$	88	$	82	$	86	$	80	$	85	$	80	$	86	$	82	$	82	$	1,014	
Office Supplies	$	0.15	$	0	$	23	$	0	$	0	$	1	$	0	$	0	$	30	$	0	$	0	$	28	$	82	
Property Taxes	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total General & Administrative:	$	16,445	$	3,473	$	3,167	$	2,578	$	7,029	$	3,262	$	1,147	$	2,740	$	2,236	$	1,126	$	6,515	$	1,309	$	51,028	

Operation and Maintenance														
Property Insurance	$	781	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	781	
Water Expense	$	207	$	193	$	223	$	247	$	233	$	253	$	229	$	193	$	188	$	213	$	199	$	195	$	2,573	
Electric Expense	$	1,805	$	1,691	$	1,867	$	1,867	$	1,743	$	1,986	$	1,743	$	2,266	$	2,125	$	2,125	$	2,266	$	2,125	$	23,608	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	235	$	-	$	176	$	-	$	-	$	-	$	411	
Retention Ponds/ROW Maintenance	$	11,806	$	11,806	$	11,806	$	33,175	$	12,406	$	11,806	$	11,806	$	11,806	$	11,806	$	11,806	$	46,454	$	11,806	$  198,288	
Plant Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,500	$	-	$	-	$	5,605	$	8,105	
Tree Trimming	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Pressure Washing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	17,000	$	17,000	
Well Maintenance/Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Contingency	$	-	$	-	$	-	$	4,500	$	-	$	-	$	350	$	-	$	-	$	-	$	-	$	-	$	4,850	
Total O&M Expenses:	$	14,599	$	13,690	$	13,896	$	39,789	$	14,382	$	14,045	$	14,363	$	14,266	$	16,794	$	14,144	$	48,919	$	36,730	$  255,616	
														
Total Expenditures	$	31,044	$	17,163	$	17,063	$	42,367	$	21,411	$	17,307	$	15,510	$	17,006	$	19,030	$	15,269	$	55,434	$	38,039	$  306,644	
														
Excess Revenues (Expenditures)	$	(31,043)	$	(8,947)	$	266,967	$	(19,724)	$	(14,928)	$	(13,169)	$	(8,091)	$	(15,346)	$	(17,233)	$	(15,259)	$	(55,432)	$	(38,038)	$	29,760	
Indigo East
Community Development District Long Term Debt Report

Series 2016, Special Assessment Bonds		
Interest Rate:	3.561%, 4.125% 4.500%		
Maturity Rate:	5/1/2037		
Reserve Fund Definition	Flat Rate		
Reserve Fund Requirement	$32,905		
Reserve Fund Balance	$32,905		
Bonds Outstanding - 11/17/16	$1,745,000	
Less: Principal Payment 5/1/17	($25,000)	
Less: Principal Payment 5/1/17 Prepayment	($145,000)	
Less: Principal Payment 11/1/17 Prepayment	($190,000)	
Less: Principal Payment 5/1/18	($55,000)	
Less: Principal Payment 5/1/18 Prepayment	($170,000)	
Less: Principal Payment 5/1/19	($40,000)	
Less: Principal Payment 5/1/19 Prepayment	($10,000)	
Less: Principal Payment 11/1/19 Prepayment	($25,000)	
Less: Principal Payment 5/1/20	($40,000)	
Less: Principal Payment 5/1/20 Prepayment	($15,000)	
Less: Principal Payment 11/1/20 Prepayment	($10,000)	
Less: Principal Payment 5/1/21	($45,000)	
Less: Principal Payment 11/1/21 Prepayment	($20,000)	
Less: Principal Payment 5/1/22	($40,000)	
Less: Principal Payment 5/1/22 Prepayment	($5,000)	
Less: Principal Payment 11/1/22 Prepayment	($10,000)	
Less: Principal Payment 5/1/23	($45,000)	
Less: Principal Payment 11/1/22 Prepayment	($5,000)	
Less: Principal Payment 5/1/24	($45,000)	
Current Bonds Outstanding	$805,000	
INDIGO EAST
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENTS FY 2024 RECEIPTS
MAINTENANCE

Gross Assessments	$355,243.90
Certified Net Assessments
100%

Date	Gross Assessment
ACH	Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received		
							
11/8/23	ACH	$	5,564.51	$	111.29	$	-	$	-	$5,453.22	
11/30/23	ACH	$	2,818.48	$	56.37	$	-	$	-	$2,762.11	
12/12/23	ACH	$	120,066.80	$	2,401.34	$	-	$	-	$117,665.46	
12/28/23	ACH	$	90,125.24	$	1,802.50	$	-	$	-	$88,322.74	
12/29/23	ACH	$	79,632.96	$	1,592.66	$	-	$	-	$78,040.30	
1/26/24	ACH	$	21,921.51	$	438.43	$	-	$	-	$21,483.08	
1/26/24	ACH	$	-	$	-	$	-	$	1,156.82	$1,156.82	
2/16/24	ACH	$	6,612.34	$	132.25	$	-	$	-	$6,480.09	
3/15/24	ACH	$	4,220.01	$	84.40	$	-	$	-	$4,135.61	
4/26/24	ACH	$	7,568.40	$	151.37	$	-	$	-	$7,417.03	
5/10/24	ACH	$	1,537.32	$	30.75	$	-	$	-	$1,506.57	
5/10/24	ACH	$	151.30	$	-	$	-	$	-	$151.30	
6/21/24	ACH	$	604.80	$	12.10	$	-	$	-	$592.70	
6/26/24	ACH	$	1,227.21	$	24.54	$	-	$	-	$1,202.67	
7/15/24	ACH	$	-	$	-	$	-	$	7.92	$7.92	
							
Total Collected	$	342,050.88	$	6,838.00	$	-	$	1,164.74	$	336,377.62		
Percentage Collected					101%		

DEBT SERVICE

Gross Assessments	$87,377.75
Certified Net Assessments	$82,135.09
100%

Date	
ACH	Gross Assessment
Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received	
							
11/8/23	ACH	$	1,934.81	$	38.70	$	-	$	-	$1,896.11	
11/30/23	ACH	$	1,390.32	$	27.81	$	-	$	-	$1,362.51	
12/12/23	ACH	$	25,953.06	$	519.06	$	-	$	-	$25,434.00	
12/28/23	ACH	$	21,318.53	$	426.37	$	-	$	-	$20,892.16	
12/29/23	ACH	$	18,074.41	$	361.49	$	-	$	-	$17,712.92	
1/26/24	ACH	$	7,058.11	$	141.16	$	-	$	-	$6,916.95	
1/26/24	ACH	$	-	$	-	$	-	$	273.65	$273.65	
2/16/24	ACH	$	2,487.60	$	49.75	$	-	$	-	$2,437.85	
3/15/24	ACH	$	955.85	$	19.12	$	-	$	-	$936.73	
4/26/24
5/10/24	ACH	$	2,827.37	$	56.55	$	-	$	-	$2,770.82	
	ACH	$	1,249.44	$	24.99	$	-	$	-	$1,224.45	
5/10/24	ACH	$	57.07	$	-	$	-	$	-	$57.07	
6/21/24	ACH	$	497.22	$	9.94	$	-	$	-	$487.28	
6/26/24	ACH	$	504.48	$	10.09	$	-	$	-	$494.39	
7/15/24	ACH	$	-	$	-	$	-	$	4.33	$4.33	
							
Total Collected		$	84,308.27	$	1,685.03	$	-	$	277.98	$82,901.22	
Percentage Collected						101%