Falcon Trace
Community Development District Agenda
May 20, 2026

Agenda

Falcon Trace
Community Development District
219 East Livingston Street, Orlando, FL 32801 Phone: 407-841-5524 - Fax: 407-839-1526
May 13, 2026
Board of Supervisors Falcon Trace
Community Development District Dear Board Members:
The meeting of the Board of Supervisors of Falcon Trace Community Development District will be held Wednesday, May 20, 2026, at 6:00 PM at the Big Hawk Lake Recreation Center, 13600 Hawk Lake Drive, Orlando, Florida. Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the March 11, 2026, Board of Supervisors Meeting
Presentation of Fiscal Year 2025 Financial Audit
Staff Reports
Attorney
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Registered Voters- 2,015
Field Manager
Field Manager Reports
Consideration of Proposals
Revised Gate Upgrades
Repairs to Clubhouse Fascia- M.E.S.
Outdoor Drinking Fountain Installation (4)
Amenity Manager Report
Supervisor’s Requests
Adjournment

Minutes

MINUTES OF MEETING FALCON TRACE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Falcon Trace Community Development District was held Wednesday, March 11, 2026 at 6:00 p.m. at the Big Hawk Lake Recreational Center, 13600 Hawk Lake Drive, Orlando, Florida.

Present and constituting a quorum were:

Sara Hurst	Chairperson
Carole Miller	Vice Chairperson
Sue Marchesi Baron	Assistant Secretary
Perry Shaikh	Assistant Secretary Also Present were:
Jason Showe	District Manager
Kubra Metin	District Counsel by phone
Ashley Hilyard	Field Operations
Marcia Calleja	CALM

The following is a summary of the discussions and actions taken at the March 11, 2026 meeting.
FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the January 21,
2026 Meeting
Mr. Showe presented the minutes of the January 21, 2026 meeting and asked for any comments, corrections, or changes. The Board had no changes to the minutes.

Mr. Hurst moved to approve the minutes of the January 21, 2026 meeting Ms. Baron seconded the motion. The motion passed on the following roll call vote:
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-01
Approving the Fiscal Year 2027 Proposed Budget and Setting a Public Hearing to Adopt
Mr. Showe stated we were able to keep assessments level this year and we have tentatively set the public hearing for July 15, 2026.

Ms. Hurst moved to approve Resolution 2026-01 Approving the Fiscal Year 2027 Proposed Budget and Setting a Public Hearing to Adopt and Ms. Baron seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2026-02 Relating
to the General Election and Qualifying Period Process
Mr. Showe stated Resolution 2026-02 requests the Orange County supervisor of elections to conduct the district’s general election. Seat 4 held by Ms. Hurst and seat 5 held by Mr. Shaikh will be up for election in November. It also outlines the qualification period, which is from noon June 8th through noon June 12th.

Ms. Hurst moved to approve Resolution 2026-02 Relating to the General Election and Qualifying Period Process and Ms. Baron seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes.

Mr. Shaikh yes.

SIXTH ORDER OF BUSINESS	Consideration of Amendment to Agreement
for Swim Lessons with Sharks and Minnows Swim School, Inc.
Mr. Showe stated this is an amendment to the agreement with Sharks and Minnows to extend the term from April 1, 2026 to October 10, 2026.

Ms. Baron moved to approve the amendment to the swim lesson agreement with Sharks and Minnows Swim School, Inc. and Ms. Miller seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

SEVENTH ORDER OF BUSINESS	Discussion and Feedback for Movie Night
Ms. Calleja gave an overview of the plans in place for movie night to take place Saturday, March 14, 2026 at 7:30 p.m.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Metin gave an overview of the legislative update.

Manager
Approval of Check Register

Ms. Baron moved to approve the check register. Ms. Miller seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

Balance Sheet and Income Statement
A copy of the financials was included in the agenda package.

Field Manager’s Report
Field Manager Report
Ms. Hilyard gave an overview of the field management report, copy of which was included in the agenda, then presented the following proposals.

Consideration of Proposals
Parking Lot Light Pole Repair

Ms. Hurst moved to approve the proposal from Terry’s Electric in the amount of $5,662. Ms. Miller seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

Pressure Washing (3)

Ms. Hurst moved to approve the proposal from Pressure Wash This Inc. in the amount of $2,350. Ms. Baron seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

Guest House Upgrades
Mr. Showe stated we are working with them on the warranty and if we can get them to a point where counsel and the chair is comfortable then we can use the previous approval and just execute it. Otherwise, we will bring it back.

Water Slide Restoration

Ms. Miller moved to approve a not to exceed amount of $2,500 to engage a structural engineer to assess the slide structure, subject to approval by the chair. Ms. Baron seconded the motion.
Ms. Hurst yes.

Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

Ms. Hurst moved to approve the proposal from Safe Slide Restoration in an amount not to exceed $25,000. Ms. Miller seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

Community Signage
Mr. Showe stated these signs are based on resident feedback.
After discussion of verbiage on the signs, staff was authorized to purchase two signs for the dock with a warning about wildlife.

Additional Gate Reader
Ms. Hilyard outlined the need for an extra ingress/egress and the board asked that a gate with a crash bar be investigated.

Amenity Manager’s Report
Ms. Calleja reviewed the amenity usage report, copy of which was included in the agenda package.

NINTH ORDER OF BUSINESS	Supervisor’s Requests
Ms. Baron asked what is the structure that is close to the turnpike? A homeowner in the back said a bullet went through their screen enclosure into the bedroom and they said it came from a structure back there that people are living in.
Mr. Showe stated that property appears to belong to Orange County so they need to call the sheriff.

TENTH ORDER OF BUSINESS	Next Meeting Date
Mr. Showe stated the next meeting was scheduled for May 20, 2026.

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. Showe asked for a motion to adjourn the meeting.

Ms. Hurst moved to adjourn the meeting at 7:27 p.m. and Ms. Baron seconded the motion. The motion passed on the following roll call vote.
Ms. Hurst yes. Ms. Miller yes. Ms. Baron yes. Mr. Shaikh yes.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL STATEMENTS

September 30, 2025

FALCON TRACE COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL STATEMENTS
September 30, 2025

CONTENTS
PAGE
Independent Auditors’ Report	1-3
Management’s Discussion and Analysis	4-7
Government-wide Financial Statements:
Statement of Net Position	8
Statement of Activities	9
Fund Financial Statements:
Balance Sheet – Governmental Funds	10
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	11
Statement of Revenues, Expenditures and Changes in
Fund Balances – Governmental Funds	12
Reconciliation of the Statement of Revenues, Expenditures And Changes in Fund Balances of Governmental Funds
to the Statement of Activities	13
Notes to the Financial Statements	14-23
Required Supplementary Information
Statement of Revenues and Expenditures – Budget and Actual – General Fund	24
Notes to Required Supplementary Information	25
Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards	26-27
Independent Auditor’s Report on Compliance with the Requirements of Section 218.415, Florida Statutes, Required by Rule 10.556 (10) of the Auditor General
of the State of Florida	28
Auditor’s Management Letter Required by Chapter 10.550, Florida Statutes	29-31

DMHB

DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS’ REPORT

To the Board of Supervisors
Falcon Trace Community Development District Orange County, Florida

Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Falcon Trace Community Development District, Orange County, Florida (“District”) as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions.

2222 Colonial Road, Suite 201 • 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 FICPA Private Company Practice Section
WWW.DMHBCPA.NET

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
	Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
	Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
	Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 13, 2026, on our consideration of the Falcon Trace Community Development District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, rules, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requirements
We have also issued our report dated March 13, 2026 on our consideration of the District’s compliance with requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation Standards established by the American Institute of Certified Public Accountants.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
March 13, 2026

Our discussion and analysis of Falcon Trace Community Development District, Orange County, Florida (“District”) financial performance provides an overview of the District's financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS
	The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $862,373.
	The change in the District's total net position in comparison with the prior fiscal year was ($70,966), a decrease. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.
	At September 30, 2025, the District's governmental funds reported combined ending fund balances of $557,321. A portion of fund balance is assigned to nonspendable prepaid items, operating reserves and future capital repairs and replacement, and the remainder is unassigned fund balance which is available for spending at the District's discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as the introduction to the District's financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.
The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance and operations.
Fund Financial Statements

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

Governmental Funds

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

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

The District maintains two individual governmental funds. Information is presented in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and capital projects fund. All funds are major funds. The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

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

GOVERNMENT WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year. A portion of the District's net position reflects its investment in capital assets (e.g. land, land improvements and infrastructure). These assets are used to provide services to residents; consequently, these assets are not available for future spending. The remaining balance of unrestricted net position may be used to meet the District's other obligations.
Key components of net position were as follows:
Statement of Net Position

	2025		2024	
Current assets	$	590,548		$	579,268	
Capital assets	305,052		381,964	
Total assets	895,600		961,232	
Current liabilities	33,227		27,893	
Total liabilities	33,227		27,893	
Net position	
Net investment in capital assets	305,052		381,964	
Restricted for capital projects	212,894		212,600	
Unrestricted	344,427		338,775	
Total net position	$	862,373		$	933,339	
The District's net position decreased during the most recent fiscal year. The majority of the change represents the degree to which ongoing cost of operations exceeded program revenues.

Key elements of the District's change in net position are reflected in the following table:
Change in Net Position

	2025		2024	
Program revenues	$	367,563		$	368,152	
General revenues		18,750 			14,219 	
Total revenues		386,313 			382,371 	
Expenses	
General government	108,639	100,393	
Maintenance and operations		348,640		372,281 	
Total expenses		457,279 		472,674 	
Change in net position	(70,966)	(90,303)	
Net position - beginning of year		933,339 		1,023,642	
Net position - end of year	$	862,373	$	933,339	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025 was $457,279, which consisted of costs associated with constructing and maintaining certain capital improvements. The costs of the District’s activities were funded by assessments.
GENERAL BUDGETING HIGHLIGHTS
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.
The variance between budgeted and actual general fund revenues is not considered significant. The actual general fund expenditures for the current fiscal year were significantly lower than the original budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.
CAPITAL ASSETS
At September 30, 2025, the District had $305,052 invested in capital assets. More detailed information about the District’s capital assets is presented in the notes of the financial statements.
ECONOMIC FACTORS, NEXT YEAR'S BUDGET AND OTHER INFORMATION
For the fiscal year 2026, the District anticipates that the cost of general operations will remain fairly constant. In connection with the District's future infrastructure maintenance and replacement plan, the District Board has included in the budget, an estimate of those anticipated future costs and has assigned a portion of current available resources for that purpose.
CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact Falcon Trace Community Development District's Finance Department at 219 East Livingston Street Orlando, Florida 32801.

STATEMENT OF NET POSITION
September 30, 2025

	GOVERNMENTAL
	ACTIVITIES		
ASSETS		
Cash and cash equivalents	$	177,804	
Investments	278,710	
Assessments receivable	1,931	
Prepaid items	31,449	
Restricted assets:
Investments	
100,654	
Capital assets:
Depreciable	
305,052	
TOTAL ASSETS	$	895,600	

LIABILITIES
Accounts payable

$	33,227

TOTAL LIABILITIES	33,227
NET POSITION

Net investment in capital assets	305,052	
Restricted for:
Capital projects	
212,894	
Unrestricted	344,427	
TOTAL NET POSITION	$	862,373	

Program Revenues

Net (Expense) Revenues and Changes in Net Position

Functions/Programs Governmental activities	

Expenses		
Charges for Services		Capital Grants and Contributions		
Governmental Activities	
General government	$	108,639		$	108,639		$	-		$	-	
Maintenance and operations	348,640		258,255		669		(89,716)	
Total governmental activities	$	457,279		$	366,894		$	669		(89,716)	
General revenues:
Unrestricted investment earnings		12,380	
Miscellaneous income		6,370	
Total general revenues		18,750	
Change in net position		(70,966)	
Net position - October 1, 2024		933,339	
Net position - September 30, 2025	$	862,373	

MAJOR FUNDS
CAPITAL

TOTAL GOVERNMENTAL

ASSETS

	GENERAL	

  PROJECTS	

	FUNDS	

Cash and cash equivalents	$	65,564		$	112,240		$	177,804	
Investments	278,710		100,654		379,364	
Assessments receivable	1,931		-		1,931	
Prepaid items	31,449		-		31,449	
TOTAL ASSETS	$	377,654		$	212,894		$	590,548	
LIABILITIES AND FUND BALANCES

LIABILITIES
Accounts payable	
$	33,227		
$	-		
$	33,227	
TOTAL LIABILITIES	33,227		-		33,227	

FUND BALANCES				
Nonspendable:
Prepaid items	
31,449	
-	
31,449	
Restricted for:
Capital projects	
-	
212,894	
212,894	
Unassigned	312,978	-	312,978	
TOTAL FUND BALANCES	344,427		212,894		557,321	
TOTAL LIABILITIES AND
FUND BALANCES	$	377,654		
$	212,894		
$	590,548	

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2025

Total Governmental Fund Balances in the Balance Sheet	$	557,321

Amount reported for governmental activities in the Statement of Net Assets are different because:

Capital asset used in governmental activities are not financial resources and therefore are not reported in the governmental funds:
Governmental capital assets	1,982,409
Less accumulated depreciation	(1,677,357)

Net Position of Governmental Activities	$	862,373

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
Year Ended September 30, 2025

	MAJOR FUNDS		TOTAL	
	CAPITAL	GOVERNMENTAL	
	GENERAL			PROJECTS			FUNDS		
REVENUES				
Assessments	$	366,894		$	-	$	366,894	
Investment earnings	12,380	669	13,049	
Miscellaneous revenue	6,370	-	6,370	
TOTAL REVENUES	385,644	669		386,313	
EXPENDITURES
General government	

108,639	
-	
108,639	
Maintenance and operations	271,353	375	271,728	
TOTAL EXPENDITURES	379,992	375		380,367	
EXCESS REVENUES OVER (UNDER) EXPENDITURES	

5,652	
294	
5,946	
FUND BALANCE
Beginning of year	

338,775	
212,600	

551,375	
End of year	$	344,427		$	212,894	$	557,321	

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
Year Ended September 30, 2025

Net Change in Fund Balances - Total Governmental Funds	$	5,946

Amount reported for governmental activities in the Statement of Activities are different because:
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the costs of those assets are depreciated over their estimated useful lives:
Current year provision for depreciation	(76,912)
Change in Net Position of Governmental Activities	$	(70,966)

NOTE A- NATURE OF ORGANIZATION AND REPORTING ENTITY
Falcon Trace Community Development District ("District”) was established on April 8, 1998 by the Board of County Commissioners of Orange County, Florida Ordinance 98-30 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the qualified electors of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.
The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing Improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statement 14, and Statement 39, an amendment of GASB Statement 14. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Government-Wide and Fund Financial Statements (continued)
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other Items not included among program revenues are reported instead as general revenues.
Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the economic financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.
Expenditures are recorded when a liability is incurred, as under accrual accounting. Assessments
Assessments are non-ad valorem assessments on benefited lands within the District. Assessments are levied to pay for the operations and maintenance of the District. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. The District's annual assessments for operations are billed and collected by the County Tax Collector. The amounts remitted to the District are net of applicable discounts or fees and include interest on monies held from the day of collection to the day of distribution.
Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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

The District reports the following major governmental funds: General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

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

Capital Projects Fund
The capital projects fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure with the District.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to contractual restrictions. Deposits and Investments
The District's cash and cash equivalents are considered to be cash on hand and demand deposits
(interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.
The District records all interest revenue related to investment activities in the respective funds and reports investments at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Liabilities and Net Position or Equity (continued)

Capital Assets (continued)

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets	Years
Infrastructure - recreation facilities	10 - 30
Equipment - recreation facilities	10
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.
Deferred Outflows/Inflows of Resources

In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position

In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

Fund Equity/Net Position (continued)

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

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

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

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

Use of Estimates

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

NOTE C - BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

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

Investments

Investment	Fair Value	Credit Risk	Maturities

Investment in Local Government Surplus Funds Trust Fund (Florida PRIME) Total Investments

$	379,364
$	379,364

S&P AAAm

Weighted average maturity: 47 days

NOTE D – DEPOSITS AND INVESTMENTS (CONTINUED)
Investments (continued)
Custodial credit risk - For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk. The investments listed in the schedule above are not evidenced by securities that exist in physical or book entry form.
Credit risk - For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.
Concentration risk - The District places no limit on the amount the District may invest in any one issuer.
Interest rate risk - The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
Fair Value Measurement - When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool's participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District's investments have been reported at amortized cost above.

NOTE D – DEPOSITS AND INVESTMENTS (CONTINUED)

Investments (continued)

The District participated in the following external investment pools:

The State Board of Administration for participation in the Local Government Investment Pool (Florida PrimeTM) created by Section 218.415, Florida Statutes is an investment pool that operates under investment guidelines established by Section 215.47, Florida Statutes. The District’s investments in Florida PrimeTM, a qualified external investment pool, meet the requirements of GASB Statement No. 79 and are reported at amortized cost.
NOTE E - CAPITAL ASSETS
Capital asset activity for the fiscal year ended September 30, 2025 was as follows:

Governmental activities:
Capital assets, being depreciated

Balance
10/01/2024	Increases	Decreases

Balance 09/30/2025

  

L

Infrastructure - recreational facilities	$ 1,829,609		$	-	$	-	$ 1,829,609	
Equipment - recreational facilities	152,800		-	-	152,800	
Total capital assets, being depreciated	1,982,409		-	-	1,982,409	
ess accumulated depreciation for: Infrastructure - recreational facilities		
1,536,802			
62,232			
-			
1,599,034	
Equipment - recreational facilities		63,643			14,680			-			78,323	
Total accumulated depreciation		1,600,445			76,912			-			1,677,357	
Total capital assets, being depreciated - net		
381,964			
(76,912)			
-			
305,052	
Governmental activities capital assets - net	
$	
381,964		
$	
(76,912)		
$	
-		
$	
305,052	

Depreciation expense was charged to maintenance and operations.

NOTE F - MANAGEMENT COMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE G - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; natural disasters; and environmental remediation. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL – GENERAL FUND
Year Ended September 30, 2025

	VARIANCE	
	WITH FINAL	
	BUDGET	
	POSITIVE	
	 * BUDGET 		  ACTUAL 		 (NEGATIVE) 	
REVENUES						
Assessments	$	355,855		$	366,894		$	11,039	
Investment earnings	1,500		12,380		10,880	
Miscellaneous revenue	500		6,370		5,870	
TOTAL REVENUES	357,855		385,644		27,789	
EXPENDITURES	
General government	131,182		108,639		22,543	
Maintenance and operations	306,298		271,353		34,945	
TOTAL EXPENDITURES	437,480		379,992		57,488	
EXCESS OF REVENUES OVER						
(UNDER) EXPENDITURES	(79,625)		5,652		85,277	
OTHER FINANCING SOURCES (USES)						
Carry forward balance	79,625		-		(79,625)	
TOTAL OTHER FINANCING						
SOURCES (USES)	79,625		-		(79,625)	

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES						
AND OTHER SOURCES (USES)	$	-		5,652		$	5,652	
FUND BALANCES						
Beginning of year			338,775			
End of year			$	344,427			

* Original and final budget.

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes, The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements, The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors, Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

The variance between budgeted and actual general fund revenues is not considered significant. The actual general fund expenditures for the current fiscal year were lower than the original budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.

DMHB

DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

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

To the Board of Supervisors
Falcon Trace Community Development District Orange County, Florida
We have audited in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to the financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Falcon Trace Community Development District, as of September 30, 2025 and for the year ended, which collectively comprise the Falcon Trace Community Development District’s basic financial statements and have issued our report thereon dated March 13, 2026.

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

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

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

2222 Colonial Road, Suite 201 • 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 FICPA Private Company Practice Section
WWW.DMHBCPA.NET

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

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

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
March 13, 2026

- 27 -

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Falcon Trace Community Development District Orange County, Florida

We have examined Falcon Trace Community Development District, Orange County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Falcon Trace Community Development District, Orange County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
March 13, 2026

Management Letter

To the Board of Supervisors
Falcon Trace Community Development District Orange County, Florida

Report on the Financial Statements
We have audited the financial statements of Falcon Trace Community Development District as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated March 13, 2026.
Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Auditor General.
Other Reporting Requirements
We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountants' Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 13, 2026, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual financial report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. Refer to Note A in the notes to the financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.
Property Assessed Clean Energy (PACE) Programs
As required by Section 10.554(1)(i)6.a., Rules of the Auditor General, the District did not authorize a PACE program pursuant to Section 163.081 or Section 163.082, Florida Statutes, did not operate within the District’s geographical boundaries during the fiscal year under audit.
Specific Information
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Falcon Trace Community Development District reported:
The total number of district employees compensated in the last pay period of the District’s fiscal year as 1.
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District’s fiscal year as 5.
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as $5,600.
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $373,690.
The District does not have any construction projects with a total cost of at least $65,000 that are scheduled to begin on or after October 1 of the fiscal year being reported.
The District did not amend its final adopted budget under Section 189.016(6), Florida Statutes.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, the Falcon Trace Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District is $420 per residential unit.
The total amount of special assessments collected by or on behalf of the District as
$366,894.
The total amount of outstanding bonds issued by the District as N/A.
Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
March 13, 2026

Section V

Section B

Section 1

Falcon Trace
Community Development District

Summary of Check Register
March 1, 2026 to May 5, 2026

Fund	Date	Check No.'s		Amount		
General Fund						
	3/4/26	4820-4826	$		9,872.69	
	3/18/26	4827-4829	$		9,071.46	
	3/25/26	4830-4833	$		4,385.42	
	4/1/26	4834	$		650.00	
	4/8/26	4835-4839	$		15,811.62	
	4/22/26	4840-4844	$		10,040.39	
	4/29/26	4845-4848	$		6,860.90	
			$		56,692.48	

General Fund Auto Pays						
	3/10/26-4/28/26	80018 - 80025	$		6,623.07	
			$		6,623.07	
	Supervisors March 2026					
	Carole Miller	50495	$		184.70	
	Pervaiz Shaikh	50496	$		184.70	
	Sara Hurst	50497	$		184.70	
	Susan Baron	50498	$		184.70	
			$		738.80	
						
		Total Amount	$	64,054.35	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/26	PAGE	1
*** CHECK DATES 03/01/2026 - 05/01/2026 ***	FALCON TRACE CDD -GENERAL FUND
BANK A FALCON TRACE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/04/26 00126	2/23/26 257334	202602 320-53800-47600	*	2,642.99
RPLCD TENNIS CT PED GATE
ACCESS CONTROL SYSTEMS LLC	2,642.99 004820
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00079	2/24/26 21389	202602 320-53800-47000	*	650.00
LAKE MAINTENACE-FEB26
AQUATIC WEED MANAGEMENT, INC.	650.00 004821
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00131	3/01/26 193149	202603 320-53800-47500	*	2,958.00
LANDSCAPE MAINT-MAR26
BLADE RUNNERS COMMERCIAL	2,958.00 004822
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00145	3/03/26 2060-298 202603 320-53800-48000	*	177.75
LAMINATED SINGLE SIGNS
JUJOMAUZ INTERNACIONAL LLC	177.75 004823
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00113	2/28/26 3704208	202601 310-51300-31500	*	1,326.00
GENERAL COUNSEL-JAN26
KUTAK ROCK LLP	1,326.00 004824
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00100	2/27/26 1012578	202603 320-53800-47400	*	950.00
POOL MAINTENANCE-MAR26
ROBERTS POOL SERVICE AND REPAIR INC	950.00 004825
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00022	2/17/26 325334	202602 320-53800-47401	*	1,167.95
POOL CHEMICALS-FEB26
SPIES POOL, LLC	1,167.95 004826
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/26 00027	1/31/26 785	202601 320-53800-47600	*	1,192.42
REPLACE SIGNS
3/01/26 786	202603 320-53800-12000	*	2,058.42
FIELD MANAGEMENT-MAR26
3/01/26 787	202603 310-51300-34000	*	5,492.75
MANAGEMENT FEES-MAR26
3/01/26 787	202603 310-51300-35200	*	71.67
WEBSITE MANAGEMENT-MAR26
3/01/26 787	202603 310-51300-35100	*	131.33
INFORMATION TECH-MAR26
3/01/26 787	202603 310-51300-51000	*	.12
OFFICE SUPPLIES
3/01/26 787	202603 310-51300-42000	*	2.97
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES-CF	8,949.68 004827
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/26 00022	3/18/26 23747	202603 300-15500-10000	*	30.00
TANK RENTAL FEE APR26
SPIES POOL, LLC	30.00 004828
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
FALC FALCON TRACE	CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/26	PAGE	2
*** CHECK DATES 03/01/2026 - 05/01/2026 ***	FALCON TRACE CDD -GENERAL FUND
BANK A FALCON TRACE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/18/26 00090	2/10/26 14603447 202603 320-53800-34500	*	91.78
SECURITY MONITORING-MAR26
SAFE TOUCH SECURITY SYSTEMS	91.78 004829
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00129	3/18/26 90117222 202603 310-51300-32200	*	3,150.00
FY25 AUDIT SERVICES
DIBARTOLOMEO MCBEE HARTLEY & BARNES	3,150.00 004830
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00113	3/17/26 3715982	202602 310-51300-31500	*	777.00
GENERAL COUNSEL-FEB26
KUTAK ROCK LLP	777.00 004831
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00146	3/17/26 INV32346 202603 320-53800-48000	*	366.64
MOVIE NIGHT OFFICER 3/14
OFF DUTY MANAGEMENT INC	366.64 004832
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/26 00090	3/10/26 14658846 202603 300-15500-10000	*	91.78
SECURITY MONITORING-APR26
SAFE TOUCH SECURITY SYSTEMS	91.78 004833
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/01/26 00079	3/31/26 21565	202603 320-53800-47000	*	650.00
LAKE MAINTENACE-MAR26
AQUATIC WEED MANAGEMENT, INC.	650.00 004834
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/26 00131	4/01/26 198362	202604 320-53800-47500	*	2,958.00
LANDSCAPE MAINT-APR26
BLADE RUNNERS COMMERCIAL	2,958.00 004835
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/26 00124	2/27/26 38	202602 320-53800-12200	*	1,522.80
POOL ATTENDANTS-FEB26
3/31/26 40	202603 320-53800-12200	*	8,996.95
POOL ATTENDANTS-MAR26
COMMUNITY ASSOC & LIFESTYLE MGMT	10,519.75 004836
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/26 00147	3/25/26 0F631822 202603 320-53800-49100	*	318.87
FIRE INSPECTION
CINTAS FIRE 636525	318.87 004837
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/26 00100	4/01/26 1012636	202604 320-53800-47400	*	950.00
POOL MAINTENANCE-APR26
ROBERTS POOL SERVICE AND REPAIR INC	950.00 004838
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/26 00022	3/12/26 325986	202603 320-53800-47400	*	1,065.00
INSTALL NEW LOANER CAT
SPIES POOL, LLC	1,065.00 004839
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
FALC FALCON TRACE	CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/26	PAGE	3
*** CHECK DATES 03/01/2026 - 05/01/2026 ***	FALCON TRACE CDD -GENERAL FUND
BANK A FALCON TRACE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/22/26 00079	8/28/25 20299	202510 320-53800-47000	*	650.00
MTHLY LAKE MAINT-AUG25
AQUATIC WEED MANAGEMENT, INC.	650.00 004840

4/22/26 00027	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
791	202604 310-51300-34000	*	5,492.75
MANAGEMENT FEES-APR26
791	202604 310-51300-35200	*	71.67
WEBSITE MANAGEMENT-APR26
791	202604 310-51300-35100	*	131.33
INFORMATION TECH-APR26
791	202604 310-51300-51000	*	8.04
OFFICE SUPPLIES
791	202604 310-51300-42000	*	13.37
POSTAGE
791	202604 310-51300-42500	*	39.45
COPIES
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,756.61 004841
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/26 00113	4/16/26 3731066	202603 310-51300-31500	*	3,512.00
GENERAL COUNSEL-MAR26
KUTAK ROCK LLP	3,512.00 004842
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/26 00022	4/18/26 23876	202604 300-15500-10000	*	30.00
TANK RENTAL FEE-MAY26
SPIES POOL, LLC	30.00 004843
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/26 00090	4/10/26 14713991 202604 300-15500-10000	*	91.78
SECURITY MONITORING-MAY26
SAFE TOUCH SECURITY SYSTEMS	91.78 004844
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/29/26 00131	4/13/26 200452	202604 320-53800-47301	*	419.03
REPLACED SEVERAL NOZZLES
BLADE RUNNERS COMMERCIAL	419.03 004845
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/29/26 00027	4/01/26 790	202604 320-53800-12000	*	2,058.42
FIELD MANAGEMENT
4/01/26 790	202604 320-53800-47600	*	1,000.00
COOL TODAY-MATERIALS
4/01/26 790	202604 320-53800-47600	*	205.00
REPAIR LEAK IN FOUNTAIN
GOVERNMENTAL MANAGEMENT SERVICES-CF	3,263.42 004846
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/29/26 00139	4/13/26 2135 04- 202604 320-53800-47600	*	2,350.00
SOFT WASH POOL DECK
PRESSURE WASH THIS	2,350.00 004847
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
FALC FALCON TRACE	CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/26	PAGE	4
*** CHECK DATES 03/01/2026 - 05/01/2026 ***	FALCON TRACE CDD -GENERAL FUND
BANK A FALCON TRACE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/29/26 00022	4/16/26 327063	202604 320-53800-47401	*	828.45
POOL CHEMICAL-APR26
SPIES POOL, LLC	828.45 004848
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	56,692.48

FALC FALCON TRACE	CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/13/26	PAGE	5
*** CHECK DATES 03/01/2026 - 05/01/2026 ***	FALCON TRACE CDD -GENERAL FUND
BANK Z GENERAL FUND AUTOPAY
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/10/26 00033	2/17/26 7700-02. 202602 320-53800-43100	*	732.20
13600 HAWK LAKE DR-FEB.26
ORANGE COUNTY UTILITIES	732.20 080018
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/10/26 00141	2/22/26 7494-02. 202603 320-53800-41000	*	303.49
13600 HAWK LK DR-MAR.26
SPECTRUM BUSINESS	303.49 080019
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/26 00140	3/24/26 9712-03. 202603 320-53800-43000	*	252.61
13709 HAWK LK DR-MAR.26
DUKE ENERGY	252.61 080020
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/26 00033	3/17/26 7700-03. 202603 320-53800-43100	*	585.37
13600 HAWK LAKE DR-MAR.26
ORANGE COUNTY UTILITIES	585.37 080021
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/24/26 00021	3/20/26 6380-03. 202603 320-53800-47700	*	1,612.69
13600 HAWK LAKE DR-MAR.26
REPUBLIC SERVICES	1,612.69 080022
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/26 00141	3/22/26 7494-04. 202604 320-53800-41000	*	303.49
13600 HAWK LAKE DR-APR.26
SPECTRUM BUSINESS	303.49 080023
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/20/26 00033	4/16/26 7700-04. 202604 320-53800-43100	*	932.27
13600 HAWK LAKE DR-APR.26
ORANGE COUNTY UTILITIES	932.27 080024
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/28/26 00140	4/24/26 9712-04. 202604 320-53800-43000	*	1,900.95
13709 HAWK LAKE DR-APR.26
DUKE ENERGY	1,900.95 080025
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK Z	6,623.07
TOTAL FOR REGISTER	63,315.55

FALC FALCON TRACE	CWRIGHT

Section 2

Falcon Trace
Community Development District

Unaudited Financial Reporting
March 31, 2026

Table of Contents

1

2-3

4

5

6

	Balance Sheet

	General Fund

	Capital Reserve Fund

	Month to Month

	Assessment Receipt Schedule

Combined Balance Sheet March 31, 2026

General
Fund

Capital Reserves
Fund

Totals
Governmental Funds

Assets:
Cash:
Operating Account	

$	242,667	

$	112,605	

$	355,272	
Investments:				
State Board Administration	$	233,383	$	102,677	$	336,059	
Prepaid Expenses	$	122	$	-	$	122	
Total Assets	$	476,171	$	215,282	$	691,453	
Liabilities:
Accounts Payable	

$	17,826	$	-	

$	17,826	
Total Liabilites	$	17,826	$	-	$	17,826	

Fund Balance:			
Assigned for:
Capital Reserves	
$	-	$	215,282	
$	215,282	
Nonspendable:
Deposits and Prepaid Items	
$	122	
$	-	
$	122	
Unassigned	$	458,223	$	-	$	458,223	
Total Fund Balances	$	458,345	$	215,282	$	673,627	
				
Total Liabilities & Fund Balance	$	476,171	$	215,282	$	691,453	

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/26	Thru 03/31/26	Variance	

Revenues:		
Maintenance Assessments	$	355,855	$	295,208	$	295,208	$	-	
Miscellaneous Income	$	500	$	500	$	1,060	$	560	
Interest Income - SBA	$	4,168	$	4,168	$	4,672	$	504	
Total Revenues	$	360,523	$	299,877	$	300,941	$	1,064	

Expenditures:					
General & Administrative:					
Supervisors Fees	$	8,000	$	4,000	$	2,985	$	1,015	
FICA Expense	$	612	$	306	$	214	$	92	
Engineering Fees	$	1,000	$	500	$	-	$	500	
Assessment Roll	$	5,408	$	5,408	$	5,408	$	-	
Attorney Fees	$	25,000	$	12,500	$	6,770	$	5,730	
Annual Audit	$	3,150	$	3,150	$	3,150	$	-	
Management Fees	$	65,913	$	32,956	$	32,957	$	(0)	
Information Technology	$	1,576	$	788	$	788	$	0	
Website Maintenance	$	860	$	430	$	430	$	(0)	
Telephone	$	50	$	25	$	-	$	25	
Postage	$	800	$	400	$	132	$	268	
Printing and Binding	$	600	$	300	$	51	$	249	
Insurance	$	15,543	$	15,543	$	14,978	$	565	
Legal Advertising	$	2,500	$	1,250	$	244	$	1,006	
Contingency	$	2,000	$	1,000	$	223	$	777	
Property Appraiser	$	1,000	$	-	$	-	$	-	
Office Supplies	$	350	$	175	$	282	$	(107)	
Dues, Licenses, & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	134,536	$	78,906	$	68,786	$	10,121	

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/26	Thru 03/31/26	Variance	

Operations & Maintenance		
Field Management	$	24,701	$	12,350	$	12,351	$	(0)	
Property Insurance	$	18,770	$	18,770	$	16,471	$	2,299	
Pool Staff Payroll	$	93,391	$	46,695	$	25,537	$	21,158	
Security	$	1,575	$	788	$	547	$	241	
Telephone Expense	$	3,043	$	1,522	$	1,673	$	(151)	
Electric	$	22,491	$	11,246	$	8,267	$	2,978	
Irrigation/Water	$	15,593	$	7,796	$	4,723	$	3,073	
Lake Maintenance	$	10,290	$	5,145	$	4,550	$	595	
Pest Control	$	683	$	342	$	-	$	342	
Pool Maintenance	$	10,710	$	5,355	$	7,602	$	(2,247)	
Pool Chemicals & Repairs	$	23,192	$	11,596	$	5,247	$	6,349	
Grounds Maintenance	$	39,375	$	19,688	$	17,748	$	1,940	
General Facility Maintenance	$	35,000	$	17,500	$	8,783	$	8,717	
Refuse Service	$	10,000	$	5,000	$	4,386	$	614	
CDD Sponsored Events	$	6,000	$	3,000	$	544	$	2,456	
Field Contingency	$	6,000	$	3,000	$	428	$	2,572	
Subtotal Operations & Maintenance	$	320,814	$	169,792	$	118,857	$	50,935	
					
Total Expenditures	$	455,350	$	248,699	$	187,643	$	61,056	
					
Excess (Deficiency) of Revenues over Expenditures	$	(94,827)		$	113,298		
					
Fund Balance - Beginning	$	94,827		$	345,047		
					
Fund Balance - Ending	$	-		$	458,345		

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/26	Thru 03/31/26	Variance	

Revenues		
Interest Income	$	50	$	50	$	487	$	437	
Interest - SBA	$	-	$	-	$	2,022	$	2,022	
Total Revenues	$	50	$	50	$	2,509	$	2,459	

Expenditures:					
Landscape Improvements	$	15,000	$	7,500	$	-	$	7,500	
Painting	$	10,000	$	5,000	$	-	$	5,000	
Miscellaneous	$	10,000	$	5,000	$	122	$	4,878	
Total Expenditures	$	35,000	$	17,500	$	122	$	17,378	
					
Excess (Deficiency) of Revenues over Expenditures	$	(34,950)		$	2,388		
					
Fund Balance - Beginning	$	177,628		$	212,894		
					
Fund Balance - Ending	$	142,678		$	215,282		

Falcon Trace
Community Development District Month to Month

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

Revenues:																					
Maintenance Assessments	$	-  $	14,692  $	61,501  $	24,578  $	182,921  $	11,517  $		-  $		-  $		-  $		-  $		-  $		-  $	295,208	
Miscellaneous Income	$	695  $	-  $	-  $	-  $	-  $	365  $		-  $		-  $		-  $		-  $		-  $		-  $	1,060	
Interest Income	$	909  $	783  $	780  $	763  $	682  $	756  $		-  $		-  $		-  $		-  $		-  $		-  $	4,672	
Total Revenues	$	1,604  $	15,474  $	62,281  $	25,340  $	183,604  $	12,638  $	-	$	-	$	-	$	-	$	-	$	-	$	300,941	

Expenditures:																					
General & Administrative:																					
Supervisors Fees	$	1,000  $	-  $	-  $	1,185  $	-  $	800  $		-  $		-  $		-  $		-  $		-  $		-  $	2,985	
FICA Expense	$	77  $	-  $	-  $	77  $	-  $	61  $		-  $		-  $		-  $		-  $		-  $		-  $	214	
Engineering Fees	$	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	-	
Assessment Roll	$	5,408  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	5,408	
Attorney Fees	$	982  $	58  $	116  $	1,326  $	777  $	3,512  $		-  $		-  $		-  $		-  $		-  $		-  $	6,770	
Annual Audit	$	-  $	-  $	-  $	-  $	-  $	3,150  $		-  $		-  $		-  $		-  $		-  $		-  $	3,150	
Management Fees	$	5,493  $	5,493  $	5,493  $	5,493  $	5,493  $	5,493  $		-  $		-  $		-  $		-  $		-  $		-  $	32,957	
Information Technology	$	131  $	131  $	131  $	131  $	131  $	131  $		-  $		-  $		-  $		-  $		-  $		-  $	788	
Website Maintenance	$	72  $	72  $	72  $	72  $	72  $	72  $		-  $		-  $		-  $		-  $		-  $		-  $	430	
Telephone	$	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	-	
Postage	$	42  $	24  $	7  $	39  $	17  $	3  $		-  $		-  $		-  $		-  $		-  $		-  $	132	
Printing and Binding	$	-  $	13  $	16  $	-  $	22  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	51	
Insurance	$	14,978  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	14,978	
Legal Advertising	$	-  $	-  $	-  $	-  $	-  $	244  $		-  $		-  $		-  $		-  $		-  $		-  $	244	
Contingency	$	37  $	65  $	35  $	47  $	19  $	20  $		-  $		-  $		-  $		-  $		-  $		-  $	223	
Property Appraiser	$	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	-	
Office Supplies	$	221  $	1  $	0  $	59  $	1  $	0  $		-  $		-  $		-  $		-  $		-  $		-  $	282	
Dues, Licenses, & Subscriptions	$	175  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	175	
Subtotal General & Administrative	$	28,615  $	5,856  $	5,869  $	8,428  $	6,531  $	13,486  $		-  $		-  $		-  $		-  $		-  $		-  $	68,786	

Operations & Maintenance																					
Field Management	$	2,058  $	2,058  $	2,058  $	2,058  $	2,058  $	2,058  $		-  $		-  $		-  $		-  $		-  $		-  $	12,351	
Property Insurance	$	16,471  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	16,471	
Pool Staff Payroll	$	7,767  $	3,388  $	1,454  $	2,408  $	1,523  $	8,997  $		-  $		-  $		-  $		-  $		-  $		-  $	25,537	
Security	$	89  $	91  $	92  $	92  $	92  $	92  $		-  $		-  $		-  $		-  $		-  $		-  $	547	
Telephone Expense	$	273  $	274  $	274  $	274  $	274  $	303  $		-  $		-  $		-  $		-  $		-  $		-  $	1,673	
Electric	$	4,412  $	1,801  $	1,801  $	-  $	-  $	253  $		-  $		-  $		-  $		-  $		-  $		-  $	8,267	
Irrigation/Water	$	881  $	906  $	729  $	890  $	732  $	585  $		-  $		-  $		-  $		-  $		-  $		-  $	4,723	
Lake Maintenance	$	1,300  $	650  $	650  $	650  $	650  $	650  $		-  $		-  $		-  $		-  $		-  $		-  $	4,550	
Pest Control	$	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $		-  $		-  $	-	
Pool Maintenance	$	1,837  $	880  $	880  $	980  $	980  $	2,045  $		-  $		-  $		-  $		-  $		-  $		-  $	7,602	
Pool Chemicals & Repairs	$	1,776  $	-  $	1,437  $	-  $	1,168  $	866  $		-  $		-  $		-  $		-  $		-  $		-  $	5,247	
Grounds Maintenance	$	2,958  $	2,958  $	2,958  $	2,958  $	2,958  $	2,958  $		-  $		-  $		-  $		-  $		-  $		-  $	17,748	
General Facility Maintenance	$	1,809  $	1,556  $	-  $	2,372  $	2,806  $	240  $		-  $		-  $		-  $		-  $		-  $		-  $	8,783	
Refuse Service	$	1,255  $	-  $	1,519  $	-  $	-  $	1,613  $		-  $		-  $		-  $		-  $		-  $		-  $	4,386	
CDD Sponsored Events	$	-  $	-  $	-  $	-  $	-  $	544  $		-  $		-  $		-  $		-  $		-  $		-  $	544	
Field Contingency	$	-  $	-  $	109  $	-  $	-  $	319  $		-  $		-  $		-  $		-  $		-  $		-  $	428	
Subtotal Operations & Maintenance	$	42,886  $	14,562  $	13,962  $	12,683  $	13,241  $	21,524  $		-  $		-  $		-  $		-  $		-  $		-  $	118,857	
																					
Total Expenditures	$	71,502  $	20,418  $	19,831  $	21,111  $	19,771  $	35,010  $		-  $		-  $		-  $		-  $		-  $		-  $	187,643	
																					
Excess Revenues (Expenditures)	$	(69,898)  $	(4,944)  $	42,450  $	4,229  $	163,832  $	(22,372)  $		-  $		-  $		-  $		-  $		-  $		-  $	113,298	

Falcon Trace CDD
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2026
ON ROLL ASSESSMENTS

Gross Assessments	$ Net Assessments	$

378,569.40	$
355,855.24	$

378,569.40
355,855.24

100.00%	100.00%
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	Total	

11/10/25	
6/1-10/26/25	
$3,585.11	
($171.73)	
$0.00	
$0.00	
$3,413.38	
$3,413.38	
$3,413.38	
11/20/25	10/26-11/1/25	$2,937.90	($117.53)	($659.87)	$0.00	$2,160.50	$2,160.50	$2,160.50	
11/25/25	11/2-11/7/25	$9,564.54	($382.63)	($64.21)	$0.00	$9,117.70	$9,117.70	$9,117.70	
12/5/25	11/8-11/17/25	$33,156.30	($1,326.41)	($38.02)	$0.00	$31,791.87	$31,791.87	$31,791.87	
12/15/25	11/18-11/19/25	$9,653.10	($386.17)	$0.00	$0.00	$9,266.93	$9,266.93	$9,266.93	
12/22/25	11/20-11/24/25	$21,073.56	($843.04)	$0.00	$0.00	$20,230.52	$20,230.52	$20,230.52	
12/22/25	9/01-11/30/25	$0.00	$0.00	$0.00	$211.33	$211.33	$211.33	$211.33	
01/15/26	11/25-11/26/25	$25,601.70	($1,024.19)	$0.00	$0.00	$24,577.51	$24,577.51	$24,577.51	
02/13/26	11/27-11/27/25	$190,543.80	($7,622.66)	$0.00	$0.00	$182,921.14	$182,921.14	$182,921.14	
03/13/26	11/28-11/30/25	$10,912.20	($436.54)	$0.00	$0.00	$10,475.66	$10,475.66	$10,475.66	
03/13/26	12/01-02/28/26	$1,041.69	$0.00	$0.00	$0.03	$1,041.72	$1,041.72	$1,041.72	
	TOTAL	$	308,069.90	$	(12,310.90)	$	(762.10)	$	211.36	$	295,208.26	$	295,208.26	$	295,208.26	

83%	Net Percent Collected
$60,646.98 nce Remaining to Collect

Section 3

Karen Castor Dentel Supervisor of Elections Orange County—Florida
Mapping Department
soemapping@ocfelections.gov

April 15, 2026

Brittany Brookes, Recording Secretary Falcon Trace CDD
Governmental Management Services 219 East Livingston Street
Orlando, FL 32801

To whom it may concern,

Per the requirements of Chapter 190.006, Florida Statutes, the Orange County Supervisor of Elections Office Mapping Department has determined the number of registered voters in the district as of April 15, 2026 . Our research is based on the most recent legal description provided to us by the District Office.

As of April 15, 2026, there are

2,015

registered voter(s) in the

Falcon Trace CDD.

A map and list of addresses can be provided upon request. Please contact the Mapping Department at 407-254-6554 with any questions.

Sincerely,

Mapping Department
Orange County Supervisor of Elections Phone: 407-254-6554
119 W. Kaley Street Orlando, FL 32806
soemapping@ocfelections.gov

119 West Kaley Street, Orlando, Florida 32806
 P.O. Box 562001, Orlando, Florida 32856  407.836.2070  407.254.6598  ocfelections.gov

Section C

FALCON TRACE CDD - ACTION ITEM TRACKER MAY 2026

		 			
Pressure wash clubhouse		
	4/9 Completed by Pressure Wash This as quoted		
Replace LED drivers in 6 parking lot lights		
	5/7 Completed by Terry's as quoted		
Replace main drain grates and frames in the pool		In Progress	Spies advised grates and frames must be replaced in order to stay in compliance with FL Dept of Health. Approval sent; pending date of scheduled service		
Install wildlife warning signs at overlook deck	5968	In Progress	Signs received and staged for installation by GMS maintenance		
Install motorized vehicles signs at white fencing	5968	In Progress	Signs received and staged for installation by GMS maintenance		
Meeting room renovations		Pending	Agreement sent to M&D, pending signature. Project will be completed within 90 days of signing		
Caulk, buff, and general cleanup of pool slide		Pending	Proposal from SafeSlide; pending positive engineer's report to proceed. First contact was overbudget		
Replace rusted and leaking drinking fountain by courts		In Progress	Water line is temporarily capped at fountain. GMS proposals provided for replacement and installation		
Wood trim - cosmetic or structural		Pending	Proposals provided by MES and Thomas Roofing; scopes differ greatly. Sourcing additional proposals to verify necessary scope		
Pressure wash tennis court		
	Removal of dirt and debris from leaking water be completed AFTER drinking fountain is replaced		
Pressure wash overlook deck		
	Complete with the above task; remove tire tread marks		
Repair peeling fioor in men's restroom		Pending	Complete with the above task; seal/paint floor		
Schedule painting of pool area: deck, tower, exterior clubhouse, canopy column		Pending	Pressure washing complete; proposals requested. Colors preferred by Board?	*To be scheduled AFTER pressure washing is complete*	
Schedule painting of interior meeting room		Pending	Pressure washing complete; proposals requested. Colors preferred by Board?	*To be scheduled AFTER renovations are complete*	
Paint pool slide support beams		
		*To be completed by GMS
after slide maintenance*	

Foundation lift of pool		
		•To be completed in 1-2 years, budget'	

Resurfacing of pool		
		•To be completed after foundation lift, budget'	

Fence replacement		
		•robe completed in approx 2 years, budget•	

Section 2

SECTION a.

4/3/2026

Ms. Ashley Hilyard GMS Central Florida 219 E. Livingston St. Orlando, FL 32801
Phone: 407-577-0918
ahilyard@gmscfl.com

RE: Falcon Trace Access Control Upgrades REVISION ONE (20395SG)

Dear Ms. Hilyard,

Thank you for giving us the opportunity to quote on your access control requirements for Falcon Trace, a residential community located in Orange County. The following is a description of the job to be performed and our cost quotation.

The cost information given should be considered budgetary at this time. When you have made your final decision as to the configuration of the job, we will be pleased to submit a final price.

WORK EFFORT

This effort will consist of the removal and disposal of one (1) existing pool gate and the installation of one (1) new ornamental aluminum pedestrian adjacent to the water slide.

NOTE: This proposal is based on design acceptance by the governing municipality.

Base System Equipment
1 ea Panic bar

1 ea Ornamental aluminum pedestrian gate approximately 5' long x 6' high, powder-coated white
1 lt Approximately 4' of 6' high ornamental aluminum fence (welded), powder-coated white.

Base System Price
Total base system price including
equipment, installation and freight, as quoted:	$10,675.00

INSTALLATION

Includes:
Installing all equipment.
Concrete work required for mounting.
Testing out system for proper operation.
Training owner in operation of system.

Does Not Include:
Making all power and electrical connections to equipment.
Providing conduit and control wiring between equipment items.
Grounding of fence, if required or applicable.
Decorative brick paver removal, if required or applicable.
Adequate signage, if required or applicable.
Adequate lighting, if required or applicable.
Providing electrical power to system equipment.
Costs for permits, bonds, surveys, drawings (which includes electrical, mechanical, engineering, elevation, etc.) or site plan modifications.
Concrete work required for construction of walls, islands or curb separations in or adjacent to roadways.
Removal of trees or other landscaping that may be required in order to install equipment.
Repair and/or replacement of grass, irrigation lines, sprinklers, control wiring or any other landscape materials that might be damaged during installation.
Cost of repairing undetected items that may be damaged during installation.

ADDITIONAL INFORMATION

Warranty
Our warranty covers all parts, labor & travel, with the only exclusions being vandalism (such as being hit by a vehicle) and natural disaster (such as lightning or flooding). The warranty for the system is one year from date of completed installation.

Annual Service Agreement
Equipment manufacturers recommend regular preventive maintenance, similar to automobiles and HVAC units. Consistent and professional service calls ensure your return on investment by enhancing equipment effectiveness, prolonging equipment longevity, and minimizing downtime. Service technicians from Guardian Access Systems will perform factory-trained work on all of our installed equipment.
Benefits included in the maintenance plan:
10% discount on parts for service related to vandalism.
10% discount on 24/7 emergency services after business hours and weekends.

Service Support
At Guardian Access Solutions, we are very proud of our service department. We have provided sales and service in Central Florida since 1942 and have been installing and maintaining gated entry systems for over 25 years. Guardian Access Solutions provides factory-trained technicians, computerized dispatch for our service vehicles and a large inventory of spares for most products sold. If the highest quality installation and service after the sale are of importance in your purchasing decision, Guardian Access Solutions is the right choice for your investment.

Quotation Expiration
This quotation remains valid for 15 days from the submission date. Guardian Access reserves the right to requote after this time period elapses.

Contract Cancellation
The customer may terminate this contract for any reason by giving a notice in writing to Access Control Systems, LLC dba Guardian Access Solutions within three (3) business days of the date the contract is signed. Such termination shall not be deemed a breach of contract. Customer agrees to pay ACS for all unpaid invoices, for the cost reasonably incurred in anticipation for performance of the services and uncompensated staff time and expenses up to the date of termination.

Terms of Sale
Normal terms of sale require that fifty percent (50%) of the quoted system cost is due at time of order. Forty percent (40%) is due when all equipment is installed on site and must be received before the system is made operational. The remaining ten percent (10%) Net 30 after substantial completion.

Price Fluctuation Disclosure
Please note that due to recent changes in tariffs, prices for certain products may fluctuate. These adjustments are beyond our control and may impact the cost of goods. We are committed to providing transparency and will notify customers of any significant price changes as they occur. We appreciate your understanding and continued support.

If you have any questions, please be sure and give me a call. We look forward to serving you soon.

Sincerely yours,

Steven Guettler
Access Control Systems, LLC dba Guardian Access Solutions
Cell 407-274-7745 / Office 407-422-8850
steve.guettler@guardianaccess.com

SECTION b.

M.E.S.

M.E.S. PROFESSIONAL, INC.
10700 Fairhaven Way ~ Orlando, FL 32825
Phone 407-307-5592 ~ Email mesprofessional@hotmail.com

March 9, 2026

Via Email – AHilyard@gmscfl.com

Ms. Ashley Hilyard Field Manager
GMS - Central Florida 219 E. Livingston St Orlando Florida 32801

Re: Exterior Work – Repairs to Clubhouse Fascia Board at Falcon Trace CDD, Orlando
Dear Ashley:
This is a proposal for repairs to the fascia board of the Clubhouse at Falcon Trace CDD, consisting of:
The installed fascia board is of 2x6 PT wood and it has an addition on the bottom of 2x2. The wood has deteriorated because of lack of paint and maintenance which is peeling. The peeling paint will have to be scraped, and wood filler applied to some areas, then caulk in between the addition, apply a primer and paint in either eggshell or satin paint. Our cost to perform this preparation and scope of work, consisting of labor and materials, will be $4,560.00. Please note that this proposal is valid for thirty (30) days.
Please let me know if you have any questions.
Very truly yours,
M.E.S. PROFESSIONAL, INC.
/s/ Enrique Sierra

Enrique Sierra
Work Authorization

The following is to obtain written authorization to perform the scope of services proposed above and provide terms and conditions for completion of those services and submittal of payment. Payment of services rendered will be based on the stated proposal above and made a part of this authorization. If M.E.S. is required to modify the scope of services, either by request or by our determination that additional services

Ms. Ashley Hilyard GMS – Central Florida March 9, 2026
Page 2

are required, we will provide you with a "Change Order" for the scope and cost revision.
Work authorized by:

By:	 Name:	 Title:	 Date:	

SECTION c.

	Governmental
Management Services - CF	Maintenance Services Phone: 407-577-0918
Email: Ahilyard@gmscﬂ.com	

Bill To/District
Falcon Trace CDD	Prepared By:
Governmental Management Services- CF, LLC
219 E. Livingston Street Orlando, FL 32801	
Job name and Description	
Outdoor Drinking Fountain Installation
GMS Staff will:
Remove and dispose of the existing drinking fountain near the tennis courts
Extend concrete footer as needed
Re-plumb and install new drinking fountain Model 1216BK	

Qty	Description	Unit Price	Line Total	
32	Labor	$55.00	$1,760.00	
2	Mobilization	$65.00	$130.00	
	Equipment		$90.00	
	Materials		$3,945.60	

				
				
Total Due:	$5,925.60	

Client Signature: 	

This model comes equipped with one drinking fountain and one bottle filling station.

Simplified push button activation.
Vandal-resistant bubbler.
Anti-theft screws secure components together
Corrosion-resistant 316 stainless steel withstands blazing sun and wet weather.
Traditional black powder coat finish.

	Governmental
Management Services - CF	
Maintenance Services Phone: 407-577-0918
Email: Ahilyard@gmscﬂ.com	

Bill To/District
Falcon Trace CDD	Prepared By:
Governmental Management Services- CF, LLC
219 E. Livingston Street Orlando, FL 32801	
Job name and Description	
Outdoor Drinking Fountain Installation

GMS Staff will:
Remove and dispose of the existing drinking fountain near the tennis courts
Extend concrete footer as needed
Re-plumb and install new drinking fountain Model 3601	

Qty	Description	Unit Price	Line Total	
24	Labor	$55.00	$1,760.00	
2	Mobilization	$65.00	$130.00	
	Equipment		$90.00	
	Materials		$1,644	

				
				
Total Due:	$3,624.00	

Client Signature: 	

This model comes equipped with one drinking fountain and one bottle filling station.

1 drinking fountain & 1 bottle filling station
Vandal-resistant bubbler with hood guard
Tamper-resistant screws keep all compartments secure
Lightweight & durable Rotocast resin body

	Governmental
Management Services - CF	
Maintenance Services Phone: 407-577-0918
Email: Ahilyard@gmscﬂ.com	

Bill To/District
Falcon Trace CDD	Prepared By:
Governmental Management Services- CF, LLC
219 E. Livingston Street Orlando, FL 32801	
Job name and Description	
Outdoor Drinking Fountain Installation

GMS Staff will:
Remove and dispose of the existing drinking fountain near the tennis courts
Extend concrete footer as needed
Re-plumb and install new drinking fountain Model 3605	

Qty	Description	Unit Price	Line Total	
24	Labor	$55.00	$1,760.00	
2	Mobilization	$65.00	$130.00	
	Equipment		$90.00	
	Materials		$3,754.80	

				
				
Total Due:	$5,734.80	

Client Signature: 	

Equipped with two conventional drinking bubblers, a bottle filling station for an eco-friendly option, and a rear water station at pet-height.
Vandal-resistant bubblers with hood guards.
Lightweight & durable Rotocast resin body.
Tamper-resistant screws keep all compartments secure.

	Governmental Management Services - CF	
Maintenance Services Phone: 407-577-0918
Email: Ahilyard@gmscﬂ.com	

Bill To/District
Falcon Trace CDD	Prepared By:
Governmental Management Services- CF, LLC
219 E. Livingston Street Orlando, FL 32801	
Job name and Description	
Outdoor Drinking Fountain Installation

GMS Staff will:
Remove and dispose of the existing drinking fountain near the tennis courts
Extend concrete footer as needed
Re-plumb and install new drinking fountain Model 1221	

Qty	Description	Unit Price	Line Total	
24	Labor	$55.00	$1,760.00	
2	Mobilization	$65.00	$130.00	
	Equipment		$90.00	
	Materials		$4,905.60	

				
				
Total Due:	$6,885.60	

Client Signature: 	

Equipped with two conventional drinking bubblers, a bottle filling station for an eco-friendly option, and a rear water station at pet-height.

2 drinking fountains, 1 bottle filling station, 1 pet fountain
Vandal-resistant bubblers with hood guards
Corrosion-resistant 316 stainless steel construction
Tamper-resistant screws keep all compartments secure

Section D

BIG HAWK LAKE RECREATION CENTER

MAR-APR

April

March

February

0

1000

500

1500

TOTAL RENTALS
February - 1
March - 0
April - 4

2000

Pool Usage per Family
Big Hawk Lake Usage Report

-CURRENT SEASON SCHEDULE:
MAY THROUGH SEPTEMBER

•

Opened: Sunday, Monday, Wednesday, Thursday, Friday, and Saturday from 10:00am - 8:00pm
Tuesday: 12:00pm - 8:00pm

Movie Night Feedback

Falcon Trace CDD
Movie Night, March 2026 Expenses

Vendor	Budget Amount
30' Screen		
*2026
Expenses	
GMS-CF
CALM Event Coordination CALM Manager Fee Orange County Sheriff (1) Swank Movie License Signage:
30' Screen w/protection plan Projector w/protection plan Audio w/protection plan
DVD Player
Popcorn Machine w/protection plan Popcorm, bags & Coco Oil
Water & Ice	$	500
$	500
$	200
$	500
$	600
$	100
$	300
$	400
$	400

$	100

$	20		$	500
$	500
$	200
$	367
$	621
$	178
$	345
$	308
$	482
$	44
$	192
$	49
$	34	
(X)Janitorial
(X)Pool Attendant
(X)Mosquito Treatment	$	90
$	70
$	360			
(X)Sno Cone Machine & Supplies	$	100			
Totals:	$	4,240		$	3,819	
*Amounts include Admin Cost.
Red Font Items were not charged.	HOA 50% Exp
CDD 50% Exp	$	1,910
$	1,910	
Notes for next event:
PopCorn Butter PopCorn Salt Tablecloth
Cooler
Small measuring cup
Tarp/Carpet to cover floor by popcorn machine; oil
Addtl larger 2 sided signs/ less words; do you want to insert exact date so that the signs can be posted earlie
(Should budget $350 for 24 x 18 - 5 signs) May want to add bring your mosquito repellent to flyer
3 Maintenance Personnel due to size of screen