Botaniko Community Development District

http://www.botanikocdd.com

Antonio Fernandez, Chairman
Jai Kumar Lachu Nandwani, Vice Chairman Tony Sanchez, Assistant Secretary Michael Piazza, Assistant Secretary Heberto Del Rio, Assistant Secretary

March 3, 2026

Seat 3: Antonio Fernandez (C.)		
Seat 4: Jai Kumar Lachu Nandwani (V.C.)		
Seat 2: Tony Sanchez (A. S.)		
Seat 1: Michael Piazza (A.S.)		
Seat 5: Heberto Del Rio (A.S.)		

Botaniko
Community Development District
Agenda
Tuesday	2900 Glades Circle, Suite 325, Weston FL 33327 March 3, 2026		Join the meeting now
1:00 p.m.	Meeting ID: 218 895 102 063 and Passcode: 9Eo6Ww9Z
1 872-240-4685 and Phone conference ID: 779 862 712#

Roll Call

Approval of Minutes of the May 7, 2025 – Page 3 and February 3, 2026 Meetings – Page 11
Discussion of:
Response to Outstanding Questions Raised at January Meeting – Page 14

Lakes Current Situation and Corrective Actions
Financial Review

Website Policy
Consideration of Resolution #2026-03 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing – Page 25

Audit Selection Committee Meeting: – Page 34 Opening Audit Selection Committee Meeting
Roll Call
Ranking of Respondents to RFP

Adjournment
Selection of Audit Firms

Staff Reports
Attorney
Engineer

Manager
Financial Reports
Approval of Check Register – Page 103

Approval of Unaudited Financials – Page 105
Supervisors Requests and Audience Comments
Adjournment

Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www. botanikocdd.com

MINUTES OF MEETING BOTANIKO
COMMUNITY DEVELOPMENT DISTRICT

The special meeting of the Board of Supervisors of the Botaniko Community Development District was held on Wednesday, May 7, 2025, at 1:30 p.m. at 4000 Hollywood Blvd., Suite 555-S, Hollywood, Florida

Present and constituting a quorum were:

Tony Sanchez	Vice Chairman
Kira Cabrera	Assistant Secretary
Susan Reaser	Assistant Secretary

Also present were:

Andrew Gill	District Manager
Ginger Wald	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Gill called the meeting to order and called roll.

SECOND ORDER OF BUSINESS	Approval of Minutes of the
March 5, 2025 Meeting
Mr. Gill: The next item on the agenda is the approval of the minutes of the March 5, 2025 meeting. Those minutes were included in your packet and were previously sent to you. Are there any additions, deletions or corrections? Hearing none, I’ll ask for a motion to approve those.

On MOTION by Ms. Cabrera seconded by Mr. Sanchez with all in favor, the Minutes of the March 5, 2025 Meeting were approved.

THIRD ORDER OF BUSINESS	Public Hering to Adopt the
Fiscal Year 2026 Budget
Motion to Open the Public Hearing
Mr. Gill: The next item is your public hearing to adopt the fiscal year 2026 budget and so I’ll first start with asking for a motion to open that public hearing.

On MOTION by Mr. Sanchez seconded by Ms. Cabrera with all in favor, opening the Public Hearing was approved.

Public Comment and Discussion
Consideration of Resolution #2025-04 Annual Appropriation Resolution
Mr. Gill: Ok, so now we’re in the public hearing portion of the meeting, and I just want to state, there are no members of the public in person or on the phone of audio video. So, I’ll start by just saying that previously at the last meeting in March, we provided this proposed budget for fiscal year 2026, and you reviewed the line items, and as you all know there is no assessment increase, most of the lines are identical, and there have been no changes since the March meeting. So, if you have any questions for me I can go over them in the budget. So, if there are no questions, the first for your consideration is resolution #2025-04 which is the annual appropriations resolution which is included in your packet. If there are no questions, I’ll ask for a motion to adopt.
Ms. Wald: This is adopting the fiscal year 2025/2026 final budget, so this would be your budget that will be on your tax roll and then your next resolution is levying and adopting the assessment roll but, you do them one at a time.
Mr. Gill: So, if there are no questions, I’ll ask for a motion to adopt resolution #2025-04.

On MOTION by Ms. Cabrera seconded by Mr. Sanchez with all in favor, Resolution #2025-04 the Annual Appropriation Resolution was approved.

Consideration of Resolution #2025-05 Levy of Non Ad Valorem Assessments
Mr. Gill: Next up is resolution #2025-05 this resolution levies the Non Ad Valorem Assessments that was discussed relating to the budget so, and also certifies to the Tax Collector the assessment roll, and this allows the District to put those

assessments on the tax bill.	If there are no questions, I’ll ask for a motion to adopt resolution #2025-05.

On MOTION by Mr. Sanchez seconded by Ms. Cabrera with all in favor, Resolution #2025-05 Levy of Non Ad Valorem Assessments was approved.

Motion to Close the Public Hearing
Mr. Gill: Next I’d be looking for a motion to close the public hearing.

On MOTION by Mr. Sanchez seconded by Ms. Cabrera with all in favor, opening the Public Hearing was approved.

FOURTH ORDER OF BUSINESS	Staff Reports
Mr. Gill: Next up is staff reports, Ginger.

Attorney
Ms. Wald: I don’t have anything to report. Mr. Gill: Ok.

Engineer
Mr. Gill: The engineer is available if you all have any questions for him.
Ms. Wald: Well, there is something going on, and I’ll speak for the engineer. The District doesn’t have to do anything at this point because the District already has the agreement with Bonaventure Development District, and it’s related to the transfer of the permit for the operation of the stormwater management system, for some reason the submittal had the HOA, it actually should be the CDD and Bonaventure, so the District engineer is working through that with the appropriate permitting agency, so that’s ongoing but, we’ve already accounted for it, what our responsibility is, our being the CDD’s responsibility for the stormwater management system.
Mr. Gill: Is there anything that the Board would have to approve in the process?
Ms. Wald: No, we will need our November meeting because what we’re going to have to do if you remember from last year the legislature, we were hoping that they were going to rescind it because there was a bill but, they did pass it.  The goals

performance measures and standards that we had, so we have to have the determination of whether those goals have been met, and that report has to be placed by December 1, 2025 on the District’s website. So, my recommendation for you folks, since we have the November 5th landowners election meeting, and regular meeting on your notice of meetings for next fiscal year already on your agenda, I would say definitely have that and we can go ahead and we can proceed with that function, so I said I didn’t have a report but, I guess I did. The legislative session is over, the bills on the Governor’s desk to sign, and he signed a few yesterday, so we’re just waiting until that’s completed and then we’ll put together a memo that we do every year, so you will have that for your next meeting as well. Oh, don’t forget to do your Form 1s, and I think Andrew has that under his report next.
Mr. Gill: Yes, ok thank you Ginger.

Manager
Number of Registered Voters in the District – 110
Consideration of Proposed Fiscal Year 2026 Meeting Schedule
Discussion of Financial Disclosure Report from the Commission on Ethics and Reminder to File Annual Form
Mr. Gill: Moving on to item 4C, District manager, Florida Statutes requires that each year we report on the number of registered voters within the District and that number is 110. If you move down the agenda under item No. 4C-1, you’ll see a letter to my office from the Supervisors of Elections laying out that number of registered voters.
Ms. Cabrera: Ok.
Mr. Gill: Next is item No. 4C-2 which is consideration of the proposed fiscal year 2026 meeting schedule. So currently we meet the first Wednesday of the month at 1:30
p.m. in this location, and if that’s fine with the Board we can keep that the same. Ms. Cabrera: Yes.
Mr. Sanchez: Yes.
Mr. Gill: And we generally advertise every month even if we don’t meet because it’s the same price to advertise, so I recommend that we advertise each month with the first Wednesday and then we can just cancel if necessary.
Ms. Cabrera: Ok.

Ms. Wald: So, changing from what you have here because that’s not what you have, what you have here is November 5th, for the regular and landowners meeting, March 4, 2026, June 3, 2026, and September 2, 2026, so do you want to change it?
Mr. Gill: So, for all my Districts I’ve been trying to have it so we’re advertising every month.
Ms. Wald: So, just tell me so I can change it.
Mr. Gill: So, in the past year I did look at your calendar and you guys generally meeting the same few times, I guess we can just keep these four dates the same.
Ms. Wald: I mean, you could add them, I’m just asking because I have to give this to my calendar person but, you can add as many as you want.
Mr. Gill: Let’s just keep it as it is, I don’t want to complicate it.
Ms. Wald: I would recommend that you add a couple more just to be on the safe side, I would recommend that you add, let’s say a January meeting, and May meeting, and when is the first Wednesday in January?
Mr. Gill: That would be January 7, 2026.
Ms. Wald: Ok, so I would recommend just adding out of an abundance of caution, a January and a May meeting because you have to do a special advertisement for your public hearing on your budget so it doesn’t matter if it’s on this one. What’s the May date?
Mr. Gill: May 6, 2026.
Ms. Wald: So, I would just recommend a couple more. Ms. Cabrera: Ok.
Mr. Sanchez: So, we would have a May and June meeting?
Ms. Wald: Just adding it to the advertisement, so here’s the thing, you don’t have to have a meeting unless you have business but, you want to save money with advertisements. So, if you only have to do one advertisement with all the dates, that’s the best way to go, that’s why Andrew was recommending every month. I would say just to add two more.
Ms. Cabrera: Yes, we’re fine with that.
Mr. Gill: So, as Ginger said, for the proposed fiscal year 2026 meeting schedule with the following dates, November 5, 2025 as the regular and landowners meeting, we

have January 7, 2026, we also have March 4, 2026, we have May 6, 2026, June 3, 2026, and September 2, 2026, and if the Board is ok with that, I’ll ask for a motion to approve the meeting schedule.

On MOTION by Ms. Cabrera seconded by Mr. Sanchez with all in favor, accepting the proposed Fiscal Year 2026 Meeting Schedule as amended, adding January 7, 2026 and May 6, 2026 to the meeting schedule as stated on the record was approved.

Mr. Gill: So, the next item that’s required for this Board, before the end of this calendar year, correct Ginger?
Ms. Wald: Well, Form 1 is due July 1st. Mr. Gill: Ok.
Ms. Wald: So, you have to make sure, and you did them last year online I believe, so remember if you don’t get an email it’s still your responsibility, the deadline is July 1st, and you do it online again, it’s the same thing. The only difference is on the form there’s going to be a little box to check confirming that you took your ethics training, remember I kept telling you about that 4 hours of ethics training, so hopefully you all did it, and so it’s in arrears to you’re checking the box saying, I did that ethics training before that December 31st deadline. Remember again, you have to do ethics training again before December 31, 2025 and we’ll remind you again, I did a new updated one that I believe I sent out to all of the District managers, and they’ll send it out to you to remind you to get it done.
Ms. Reaser: How don’t remember if I actually did it or not because I didn’t get any certificate or receipt and now I don’t remember.
Ms. Wald: No, the ethics training, the ones that we provided previously, only one gave you a certificate because it’s not required by law, you don’t have to take a test, you have to enter in like I have to do with CLEs, it is self-reported, so self-reported is, you took it, you check the box saying I took it. So, the receipt of it, is a receipt to the state to the Department of Ethics saying, yes, I am attesting to this form that I took it, so it’s self-reported. Let’s say you did it because it’s self-reported which means they’re going to trust you. What I tell everybody is, make a notation that you did it, a screen shot, put it

in your calendar, or something because you’re not going to get anything from them, that’s why I say just calendar it, which one you took, you have the memo, and you probably need to go back and look at the memo and say, oh it was that one.
Ms. Reaser: Alright, so we have to do it by when?
Ms. Wald: So, July 1st is Form 1, and December 31st, is doing another round of ethics training.
Mr. Reaser: And Andrew is going to send those to us?
Mr. Gill: Yes, my office will send you shortly the links for the ethics training, and you probably did it last year but, the Form 1 my office usually will send out reminder, and if not I’ll do that for all of you.
Ms. Reaser: I appreciate that.
Ms. Cabrera: Yes, that would be great.
Ms. Wald: But you should be getting an email this month from the state, you should be getting an email so you can just click on it but, they had problems last year so I don’t know if they’ve gotten their act together.
Ms. Cabrera: Ok.
Ms. Wald: Hopefully, not this year because everyone is supposed to be in the system for this year, especially for you folks who have been on the Board for awhile but, we’ll see.
Mr. Gill: Are there any questions for me? Ms. Cabrera: No.

FIFTH ORDER OF BUSINESS	Financial Reports
Approval of Summary Invoices
Acceptance of Unaudited Financials
Mr. Gill: Moving on to financial reports, you have the check run summary under item No. 5A which is page 33 of the agenda. If there are no question on the invoices, I’d be looking for a motion to approve.

On MOTION by Mr. Sanchez seconded by Ms. Cabrera with all in favor, the summary of invoices were approved.

Mr. Gill: Next up is your unaudited financials and these are through March 31, 2025. If there are no question on the financials, I’ll ask for a motion to accept those.

On MOTION by Ms. Cabrera seconded by Mr. Sanchez with all in favor, the unaudited financials were approved.

SIXTH ORDER OF BUSINESS	Supervisors Requests and
Audience Comments
Mr. Gill: Moving on to Supervisor’s requests and audience comments, as I mentioned earlier, there is no one from the public present in person or audio video. Are there any Supervisor’s requests?
Mr. Sanchez: No.

SEVENTH ORDER OF BUSINESS	Adjournment
Mr. Gill: Not hearing any, I’m looking for a motion to adjourn.

On MOTION by Ms. Reaser seconded by Mr. Sanchez with all in favor, the meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

MINUTES OF MEETING BOTANIKO
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Botaniko Community Development District was held on Tuesday, February 3, 2026, at 1:00 p.m. at 2900 Glades Circle, Suite 235, Weston, Florida.

Present and constituting a quorum were:

Antonio Fernandez	Chairman
Jai Nandwani	Vice Chairman
Tony Sanchez	Assistant Secretary
Michael Piazza	Assistant Secretary

Also present were:
Paul Winkeljohn	District Manager
Ginger Wald	District Counsel
Juan Alvarez	District Engineer

Please Note: Due to technical issues with the audio recording device during this meeting these minutes were summarized. The following reflects key points of discussion and actions taken by the Board.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Winkeljohn called the meeting to order and called roll.

SECOND ORDER OF BUSINESS	Approval	of	Minutes	of	the
May 7, 2025 and January 7,
2026 Meetings
Mr. Winkeljohn presented the minutes of the May 7, 2025 meeting and the January 7, 2026 meeting which were included in the agenda. He then asked for any deletions, additions, or corrections.
The Board made a motion to table the May 7, 2025 minutes to review the audio recording and also approved the January 7, 2026 meeting minutes with the submitted corrections.

On MOTION by Mr. Sanchez seconded by Mr. Nandwani with all in favor, the Minutes of the May 7, 2025 meeting was tabled to review the audio recording, and the January 7, 2026 Minutes with the submitting corrections were approved.

THIRD ORDER OF BUSINESS	Approval of License Agreement
(Security Measures) with Botaniko Weston Community Association
Mr. Winkeljohn presented the approval of the License Agreement (Security Measures) with Botaniko Weston Community Association
Ms. Wald gave a brief explanation of the license agreement.
(At this point a discussion was held among the Board members, Mr. Winkeljohn and Ms. Wald relating to this item)

Mr. Winkeljohn then asked for a motion to approve.

On MOTION by Mr. Sanchez seconded by Mr. Nandwani with all in favor, the License Agreement (Security Measures) with Botaniko Weston Community Association with the indicated edits as stated on the record was approved.

FOURTH ORDER OF BUSINESS	Acceptance	of	Audit	for	Fiscal
Year Ending in September 30, 2025
Mr. Winkeljohn presented the audit for fiscal year ending September 30, 2025 and gave a brief explanation relating to this item. He then asked for any questions or comments and upon hearing none, asked for a motion to approve.
(At this point a discussion was held among the Board members and Mr. Winkeljohn relating to this item)(The Board agreed to table this item due to the audit referencing developer ownership and ongoing construction)

FIFTH ORDER OF BUSINESS	Discussion of Outstanding CDD
Questions
Mr. Winkeljohn presented the discussion of outstanding CDD questions.
(At this point a discussion was held among the Board members, Mr. Winkeljohn and Ms. Wald relating to this item)(The Board requested a memorandum reply from District management with all questions combined)

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
There not being any, the next item followed.

Engineer – Engineer’s Report for Fiscal Year 2025-2026
Mr. Alvarez presented his engineer’s report for fiscal year 2025-2026 and gave a brief explanation stating he had revised one of the tables in the report and removed the statement the CDD owned the entry feature.
(At this point a discussion was held among the Board members, Mr. Alvarez and Ms. Wald relating who owns the lakes within certain platted tracts) (The Board requested GMS and Mr. Winkeljohn to assist with HOA/The City to aid in the stormwater status)(At this point two Board members indicated they needed to leave the meeting so quorum was lost and no additional actions could be taken)

Manager
There not being any, the next item followed.

SEVENTH ORDER OF BUSINESS	Financial Reports
Approval of Check Register
Acceptance of Unaudited Financials
(The Board agreed to table this item to the next meeting due to lack of quorum)

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
(The Board agreed to table this item to the next meeting due to lack of quorum)

NINTH ORDER OF BUSINESS	Adjournment
Mr. Winkeljohn asked for a motion to adjourn the meeting.

On MOTION by Mr. Piazza seconded by Mr. Fernandez with all in favor, the meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

 Governmental Management Services 
5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202

At the January 7, 2026, Botaniko Community Development District (“CDD”) meeting, Chairman Fernandez provided District staff with a series of questions seeking clariﬁcation on the CDD’s purpose, infrastructure acquisitions, assessment methodology, governance practices, and compliance with Chapter 190, Florida Statutes. The responses below are being provided in draft form and are intended for preliminary discussion at the upcoming February 4, 2026, meeting.
Legislative ﬁndings and purpose relied upon by the City of Weston in Ordinance No. 2019-011 when approving the creation of the Botaniko Community Development District.
City of Weston Ordinance No. 2019-11 establishing the Botaniko Community Development District (“CDD”) set forth the ﬁndings of fact as required by Chapter 190, Florida Statutes.
Whether the historical actions of the District, including the 2020 acquisition of infrastructure from the developer and the issuance of the Series 2020 bonds, were consistent with those legislative ﬁndings and with the purposes contemplated by Chapter 190, Florida Statutes.
As set forth in the Ordinance, the City found that the CDD services and facilities of the CDD were compatible with the capacity and uses of the City based upon the Petition ﬁled with City which the Petitioner at the time of ﬁling intended that CDD would participate in the funding of certain improvements, namely, stormwater management system, water distribution system, wastewater collection system, roadway improvements and landscape improvements. Chapter 190, Florida Statutes speciﬁcally provides for CDD to ﬁnance, fund, plan, establish, acquire, construct, enlarge or extend, equip, operate, and maintain systems, facilities, and basic infrastructures for water management and supply, wastewater management, roadways, conservation areas, parks, and any other project that is subject to an agreement with CDD and local government and any other project, facility or service required by development approval, zoning condition or permit issued by a

governmental authority with jurisdiction in CDD. The Series 2020 bonds were issued to provide for the costs associated with the improvements. Speciﬁcity regarding the improvements is set forth in the original Engineer’s Report dated September 30, 2019. The Acquisition Agreement for the Series 2020 Bonds entered between CDD and Developer set forth the improvements to be acquired by CDD from the Developer with the bond proceeds. There is consistency in the improvements to be funded and acquired.
The nature, scope, and completion status of the infrastructure acquired in 2020, identifying which components were complete, partially complete, or ongoing at the time of acquisition.

All the acquired lift stations, sanitary sewers, stormwater management, drainage, landscaping, irrigation, and entries, not including the ﬁnal lift of asphalt, as described in the bills of sale attached to the Series 2020 Bonds, Requisitions 1 and 2, dated February and March of 2020, were completed at the time of acquisition.

In accordance with the Acquisition Agreement between the CDD and Terra Weston Residential, LLC (“Developer”), dated February 14, 2020, Developer conveyed to the CDD by bills of sale, the completed improvements described in the requisitions. Developer executed certain deeds and easements related to the location of the improvements to the CDD, as shown in the requisitions. Developer provided plans and surveys related to the improvements to the CDD in accordance with the Acquisition Agreement.

The CDD paid for actual cost of construction incurred by Developer for the improvements, as documented in the Developer affidavits regarding costs paid included in the backup of the requisitions.

On January 7, 2026, at the CDD Board of Supervisors meeting, Alvarez Engineers
provided the Board with hard copies of the following documents:

Requisitions 1, 2, 3, 4.
Plans for the landscaping, irrigation, lift stations, paving, grading, drainage and
sewer improvements acquired by the CDD.
All recorded deeds and easements related to the acquired CDD improvements.
The recorded plat of the development.
The SFWMD permit for the stormwater management system.

The 2025 Yearly Engineer’s Report.

The dates, scope, and documentation of site visits, inspections, or certiﬁcations performed by the District Engineer, including any conducted prior to the 2020 acquisition.
The dates and actions, including site visits, related to the acquisition of improvements of February and March of 2020, are listed and described on Alvarez Engineers Invoice No. 5408 included in the backup of Requisition No. 3. The CDD engaged Alvarez Engineers as District Engineer on January 8, 2020. Prior to that date, the District Engineer was Ford Engineers, Inc. Additional information will need to be obtained directly from Ford Engineers, Inc. that is not already provided in the documentation.
The only certiﬁcations performed by the District Engineer are the ones on the second page of each of the four requisitions processed to date from the CDD construction account. Other documents that have been signed and sealed by District Engineer are the Yearly Engineer’s Reports for 2023, 2024 and 2025 (Revised January 20, 2026) on ﬁle with the District. Project has not been fully certiﬁed complete until ﬁnal SFWMD permit is transferred from construction to operating entity.
The actions taken, or not taken, by District’s engineer, legal counsel, and district management to communicate, coordinate, document, disclose, and ensure the effective implementation of maintenance agreement entered between the District and the Botaniko HOA and the Bonaventure Development District (BDD), including: how those agreements were communicated and coordinated with the HOA, the BDD, and the HOA’s property management, what records exist evidencing such disclosure, coordination, and acknowledgement, what procedures, if any, were in place to ensure ongoing execution of those agreements.

The District counsel prepared the Maintenance Agreement between the HOA and CDD. The Maintenance Agreement was approved by the Board of Supervisors of CDD on May 6, 2020 at a duly advertised meeting of the Board of Supervisors of CDD and included on the agenda. District Manager forwarded the Maintenance Agreement executed by the CDD to Michael Piazza, President of the HOA, on May 13, 2020 for review and execution by the HOA. Mr. Piazza executed the Maintenance Agreement. It would have been incumbent on Mr. Piazza to communicate to the HOA property management of the existence of the Maintenance Agreement.

Whether the continuation of non-ad valorem assessments remains lawful, equitable, and supported by a continuing public purpose, including whether the assumptions in Sections 2.1 through 2.3 of the GMSSF’s Assessment Methodology regarding total infrastructure costs, developer contributions, and allocation of special beneﬁt to only a portion of the planned homes reconcile with the certiﬁed infrastructure acquisitions and requisitions paid by the District, given the that the infrastructure appears to confer system-wide beneﬁt while assessments are imposed on only a portion of the homes.

The continuation of the non-ad valorem assessments remains lawful, equitable, and supported by a continuing public purpose. All 125 residential units were determined to receive equal special beneﬁt from the Project and were assigned one (1) ERU each. Of those units, 46 homes were sold prior to District establishment and were not included in the Series 2020 bond ﬁnancing structure. These 46 units were allocated the same beneﬁt as the unsold units, but instead of issuing bonds to fund the Project Costs relating to those 46 units, the Developer contributed the infrastructure in lieu assessment on these units. The District utilized bond proceeds from the Series 2020 Bonds to purchase a portion of the total improvements constructed and levied Series 2020 Debt Assessments on the lots for which the improvements were acquired. The improvement cost for the lots for which there are no Series 2020 Debt Assessments levied were funded directly by the Developer, not the District. The District acquired a portion of the completed project with bond proceeds and a portion of the completed improvements were conveyed to the District at no cost to the District.

What lawful options exist to reduce or eliminate costs to residents, including asset conveyance, restructuring or termination of assessments, bond resolution, or dissolution of the District.

The CDD could convey District owned property to another governmental entity, such as the City of Weston. This would eliminate the burden of ownership of the CDD. If this occurred, the City of Weston would have ﬁnancial responsibility for the property and associated improvements. The CDD is obligated to the bondholders for the payment of the debt from the issuance of the Series 2020 bonds. The CDD would not be able to terminate the debt assessments until payment of the Series 2020 bonds. The CDD would not be able to dissolve until all CDD assets are transferred and there are no longer any CDD liabilities.

Chairman’s Emailed Questions

Scope of the CDD vs. HOA
Based on the records reviewed, all homes and lots within the Botaniko CDD are also within the boundaries of the Botaniko Community Association (HOA) and vice versa.
There is effectively a 1:1 relationship between the CDD and the HOA. While this 1:1 structure may have been appropriate during development and bond ﬁnancing, the Board must now evaluate whether it remains necessary and efficient for homeowners going forward.
What independent function does the CDD serve that is not already performed by the HOA, and does this create unnecessary duplication and cost?
Brieﬂy, the fundamental differences would be ﬁnancial capabilities related to tax exempt bonding and use of the non-ad valorem tax process, which translate to higher re-payment rate and lower costs of capital and collection. Another key feature is Board makeup and selection (general public elections), Public ﬁnancial disclosure and Public records/Sunshine requirements. With these features, CDDs are a government-to-government partner with city, county, state, and regulatory agencies. Other areas include other vast Public vs Private differences, including being subjected under different State and Federal laws, especially regarding immunity and insurance costs.
Similar to the License Agreement recently approved, some functions can be delegated to the HOA or vice versa, to the CDD, for efficiency matters as determined by the Board. Each community ﬁnds its preferred balance for many differing reasons.
Infrastructure Described as “Improvements”
Engineering documentation refers to various facilities as “improvements” (Ford Engineer Report dated September 2019). However, homeowners were already living in Botaniko as early as 2018, and many facilities were operational at that time.
Were these facilities new improvements to be constructed, or already completed infrastructure later acquired by the CDD?
These were already completed and later acquired by the CDD.

If they were future improvements, who certiﬁed that, when, and which components were still pending? Please share available documentation.
These were already completed
If already constructed and operational at the time of acquisition, they were not new capital improvements being planned or constructed by the
District, but rather existing infrastructure later acquired.
Under Chapter 190, Florida Statutes, a CDD is created to plan, build, and create improvements, not merely to purchase existing infrastructure and delegate maintenance.
Ford Engineering provided a complete listing of estimates and construction invoices with a breakdown including areas of the CDD infrastructure that were not part of the debt assessment. These costs and the itemized lists detail that the “non-debt assessed” (45 units) properties were provided the same new infrastructure in proportion to the areas assigned to the debt. As a result, the total costs for the “non-debt assessed” properties were funded by the Developer and given to the CDD at no cost to the CDD. Nothing in the calculation was existing infrastructure. Bond sizing was set ultimately at $7 million inclusive of the infrastructure and costs of issuance. Engineering data below with costs of issuance would easily equate to the contribution.

Category	Amount*	
Entrance Roadway Construction	$50,800	
Stormwater Management (Including Earthwork)	$4,684,600	
Sewage Collection	$2,437,000	
Landscaping & Irrigation**	$3,458,500	
TOTAL:	$10,630,900	
Some cost and revenue actuals differ from the adopted amounts because the approved debt was based on a 4.5% interest rate. However, at the time of sale, the ﬁnal rate was 3.85%. The bond resolution assigns a maximum debt amount. If the market shifts signiﬁcantly after approval, the costs cannot exceed the approved amount. A lower interest rate at the time of sale is an added beneﬁt.
Ownership, Maintenance, and Engineering Oversight
The District Engineer’s FY 2025–2026 report lists certain facilities as owned by the CDD (Entrance, Gates and Guardhouse).

The District Engineer’s FY 2025–2026 report lists certain facilities as owned by the CDD (Entrance, Gates and Guardhouse).
The Entrance, Gates and Guardhouse are owned by the HOA. This is reﬂected in the
updated Engineer’s Report.
On what basis is that ownership asserted? Since when?
The Entrance, Gates and Guardhouse are owned by the HOA. This is reﬂected in the
updated Engineer’s Report.
Which documents exist to support it?
The Entrance, Gates and Guardhouse are owned by the HOA. This is reﬂected in the
updated Engineer’s Report.
When did the District Engineer conduct site visits or inspections of infrastructure acquired in 2020?
See response to Question 4 above.
Were any inspections conducted prior to acquisition?
See response to Question 4 above.
Were any inspections conducted after the acquisition and more recently in 2025?
See response to Question 4 above.
What written documentation exists?
Annual inspection reports and invoices submitted for services provided.
Have stormwater overﬂow, lake levels, and shoreline conditions been reviewed?
Yes.
Has the Bonaventure Development District been notiﬁed?
Yes. Staff has been in contact with BDD.
The District Engineer’s FY 2025–2026 report assures that “all tracts and infrastructure are in good repair, working order and condition” (paragraph (i)).

How does this reconcile with the observations and conditions described above, based on the information available to the District Engineer?
The District Engineer’s FY 2025–2026 report assures that “the District’s proposed budget amounts for maintenance are adequate” (paragraph
(ii)).
The CDD 2026 budget does not include any maintenance expense line. How does this reconcile with the District Engineer’s statement.
Has the District Engineer reviewed and assessed the BDD’s and the HOA’s 2026 Maintenance Budgets? Please share documentation.
Juan Alvarez has submitted the details his ﬁrm conducted and the prior engineer, Ford Engineering has submitted all ﬁles of the District which were made available.
Coordination and Execution of Maintenance Agreements
Maintenance agreements were executed with the Botaniko HOA and the Bonaventure Development District.
What actions did District engineering, legal counsel, and management take to coordinate and implement these agreements?
How were they communicated to the HOA, the BDD, and HOA property management?
What records exist?
What procedures ensured these agreements were actually executed and operational?
The CDD and HOA executed an agreement for maintenance in May 2020 which is archived in the District Public Records. Currently, the CDD has 26 agreements in its archives mainly for professional services and governmental relationships.
All records are public and available in various steps including the records of the meeting, the ﬁles of the district. These are available via the District Records system and have been made available to the Board.
Agreements generally are not subject to additional disclosure. In some instances, agreements may be recorded into the county recordation system. The Minutes of the CDD memorialize the discussion and sequence of the decision.
An agreement is prepared, reviewed and presented by staff to the Board in draft form. The Board determines in its meeting these actions and the ﬁnal agreement. The adopted form is executed by a Board member (Chair of Vice Chair) as well as Secretary/Assistant Secretary. Execution by other party such as the HOA President is

provided by that entity. District Manager serves as the Record Custodian and is subject to associated state public record and retention laws.
Financials and Assessment Methodology Assumptions
Approximately $7.64 million ($6.88M purchase price and legal/engineering fees +
$760K debt service) was paid through Series 2020 bond ﬁnancing for infrastructure acquisition.
The documentation reﬂects that the infrastructure was completed, conveyed, and engineer certiﬁed.
Only 79 of the 125 planned homes are assessed for repayment of the Series 2020 Bonds, despite the infrastructure being community wide in nature.
The BDD maintains lakes and stormwater.
The HOA maintains the infrastructure conveyed.
The CDD provides no maintenance services, yet incurs annual operating costs of approximately $75,000, of which roughly two-thirds are spent on engineering, legal, audit, and management expenses, with zero dollars allocated to maintenance.

Reconciliation of Infrastructure Costs and Allocation of Assessable Units

The Ford Engineers Report and Sections 2.1 through 2.3 of the GMSSF’s Assessment Methodology state that the total projected cost of the Capital Improvement Plan is
$10.6 Million and further assert that the developer funded or contributed the difference between such projected infrastructure costs and the amounts requisitioned by the District.

However, the certified requisitions for acquisition of public infrastructure reflect that all infrastructure actually conveyed to the District was priced at full cost and paid in full from District bond proceeds, with total infrastructure related requisitions of approximately $6.88 million. The District has not been provided with documentation reconciling the projected infrastructure costs referenced in the Ford Engineers Report and in Sections 2.1 to 2.3 of the GMSSF’s Assessment Methodology with the final requisition amounts, nor with a schedule identifying specific infrastructure components that were funded or retained by the developer and excluded from District acquisition.

In addition, Section 2.3 of the Assessment Methodology limits the Series 2020 Special Assessments to 79 of the planned 125 residential units based on the premise that only those 79 units receive special benefit from the infrastructure financed by the District. Considering the absence of a reconciliation identifying

developer-funded infrastructure serving the remaining units, it is unclear how the infrastructure financed by the District does not confer special benefit on the entirety of the development, including system-wide improvements such as stormwater management, sanitary sewer systems, lift stations, earthwork, and entry improvements.

Accordingly, please clarify:

How the total infrastructure costs cited in Sections 2.1–2.3 reconcile with the certified requisition amounts actually paid by the District;
Which specific infrastructure components, if any, were funded by the developer and not conveyed to or paid for by the District; and
The factual and methodological basis for limiting the Series 2020 Special Assessments to 79 units rather than all 125 planned residential units that appear to benefit from the infrastructure financed by the District.

The District received the final pay application (application submitted via Drop Box) from Downrite Engineering Corporation to the reflecting the total actual cost of the CDD improvements paid for by the Developer that reconciles to the Engineer’s Report (previously submitted). We believe the response to Question 6 above addresses the questions and confirms noted above.

Homeowners’ Questions
Fiduciary Duty
Based on the record reviewed and the questions raised above, material governance, disclosure, and assessment-allocation issues require clariﬁcation.
Based on the records currently available, these matters do not appear to have been clearly or directly communicated to District landowners by the prior Board, District legal counsel, or District management.
Accordingly, this Board has a ﬁduciary duty to ensure that:
A valid public purpose exists.
Costs imposed on landowners are equitable and proportionate to the beneﬁts received.
Duplication of governmental functions is avoided
District landowners are provided clear, timely, and meaningful communication regarding actions that materially affect their ﬁnancial obligations and property
interests.

Hopefully, the records provided, together with the combined explanations, help answer the above ﬁduciary questions. A CDD progresses, and perspectives and expectations naturally shift through its stages, from being created and controlled by a single or majority landowner to the current stage, where residents are elected or appointed to Board positions. One important point is that a Board’s ﬁduciary duty extends to bondholders as well as property owners.

RESOLUTION 2026-03

A RESOLUTION OF THE BOTANIKO COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT’S PROPOSED BUDGET FOR FISCAL YEAR 2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year 2027; and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.008(b), Florida Statutes: and

WHEREAS, the Board of Supervisors desires to set the public hearing date;

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

The proposed budget for Fiscal Year 2027 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date: 	 Hour: 	 Place: 	

Notice of public hearing shall be published in accordance with Florida Law.

Adopted this	day of	, 202

Chairman/Vice Chairman

Secretary/Assistant Secretary

Botaniko	
Community Development District	

Proposed Budget	
FY 2027	

Table of Contents

1	General Fund

2-3	Narratives

4-5	Debt Service Fund Series 2020

6	Assessment Schedule

Botaniko	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$75,000	$57,091	$17,910	$75,000	$75,000	
Carry Forward Surplus	-	17,856	-	17,856	11,766	

TOTAL REVENUES	$75,000	$74,947	$17,910	$92,857	$86,766	

EXPENDITURES:

Administrative						
Engineering	$5,000	$5,559	$6,441	$12,000	$13,000	
Attorney	14,000	7,290	6,710	14,000	15,000	
Annual Audit	4,700	4,700	-	4,700	4,800	
Assessment Administration	400	400	-	400	400	
Arbitrage Rebate	550	-	550	550	550	
Dissemination Agent	2,650	883	1,767	2,650	2,809	
Trustee Fees	4,434	-	4,434	4,434	4,434	
Management Fees	25,221	8,407	16,814	25,221	26,734	
Property Appraiser	400	400	-	400	400	
Website Maintenance/IT	1,837	612	1,225	1,837	1,947	
Telephone	150	-	100	100	100	
Postage & Delivery	400	7	100	107	200	
Insurance General Liability	6,619	6,378	-	6,378	7,016	
Printing & Binding	700	13	64	77	500	
Legal Advertising	2,500	89	2,090	2,179	2,500	
Other Current Charges	1,500	494	1,706	2,200	2,400	
Property Taxes	1,050	1,110	-	1,110	1,200	
Office Supplies	149	-	75	75	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	2,565	-	2,500	2,500	2,500	

TOTAL ADMINISTRATIVE	$75,000	$36,516	$44,575	$81,091	$86,766	

TOTAL EXPENDITURES	$75,000	$36,516	$44,575	$81,091	$86,766	

EXCESS REVENUES (EXPENDITURES)	$0	$38,431	$(26,665)	$11,766	$-	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the
operating expenditures during the Fiscal Year.	

Expenditures - Administrative	

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in
Exhibit "A" of the Management Agreement.	

Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing
insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	

Expenditures - Administrative (continued)	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Property Tax	
Represents Calandar year 2026 Property Taxes	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.	
Contingency	
A contingency for any unanticipated and unscheduled cost to the District.	

Botaniko	
Community Development District	
Proposed Budget	
Debt Service Series 2020 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$429,337	$263,789	$165,548	$429,337	$429,337	
Interest Earnings	5,000	5,314	5,000	10,314	6,000	
Carry Forward Surplus (1)	260,259	285,516	-	285,516	293,273	

TOTAL REVENUES	$694,596	$554,618	$170,548	$725,167	$728,610	

EXPENDITURES:

Interest 11/01	$128,447	$128,447	$0	$128,447	$125,603	
Interest 05/01	128,447	-	128,447	128,447	125,603	
Principal 05/01	175,000	-	175,000	175,000	180,000	

TOTAL EXPENDITURES	$431,894	$128,447	$303,447	$431,894	$431,206	

TOTAL EXPENDITURES	$431,894	$128,447	$303,447	$431,894	$431,206	

EXCESS REVENUES (EXPENDITURES)	$262,702	$426,171	$(132,899)	$293,273	$297,403	

Interest Due 11/1/27	$122,678	
	$122,678	

(1) Carry Forward is Net of Reserve Requirement

Botaniko	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2020 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/26	6,840,000	3.250%	175,000	128,447		
11/01/26	6,665,000	3.250%	-	125,603	429,050	
05/01/27	6,665,000	3.250%	180,000	125,603		
11/01/27	6,485,000	3.250%	-	122,678	428,281	
05/01/28	6,485,000	3.250%	185,000	122,678		
11/01/28	6,300,000	3.250%	-	119,672	427,350	
05/01/29	6,300,000	3.250%	190,000	119,672		
11/01/29	6,110,000	3.250%	-	116,584	426,256	
05/01/30	6,110,000	3.250%	195,000	116,584		
11/01/30	5,915,000	3.250%	-	113,416	425,000	
05/01/31	5,915,000	3.250%	205,000	113,416		
11/01/31	5,710,000	3.625%	-	110,084	428,500	
05/01/32	5,710,000	3.625%	210,000	110,084		
11/01/32	5,500,000	3.625%	-	106,278	426,363	
05/01/33	5,500,000	3.625%	220,000	106,278		
11/01/33	5,280,000	3.625%	-	102,291	428,569	
05/01/34	5,280,000	3.625%	225,000	102,291		
11/01/34	5,055,000	3.625%	-	98,213	425,503	
05/01/35	5,055,000	3.625%	235,000	98,213		
11/01/35	4,820,000	3.625%	-	93,953	427,166	
05/01/36	4,820,000	3.625%	245,000	93,953		
11/01/36	4,575,000	3.625%	-	89,513	428,466	
05/01/37	4,575,000	3.625%	250,000	89,513		
11/01/37	4,325,000	3.625%	-	84,981	424,494	
05/01/38	4,325,000	3.625%	260,000	84,981		
11/01/38	4,065,000	3.625%	-	80,269	425,250	
05/01/39	4,065,000	3.625%	270,000	80,269		
11/01/39	3,795,000	3.625%	-	75,375	425,644	
05/01/40	3,795,000	3.625%	280,000	75,375		
11/01/40	3,515,000	4.000%	-	70,300	425,675	
05/01/41	3,515,000	4.000%	290,000	70,300		
11/01/41	3,225,000	4.000%	-	64,500	424,800	
05/01/42	3,225,000	4.000%	305,000	64,500		
11/01/42	2,920,000	4.000%	-	58,400	427,900	
05/01/43	2,920,000	4.000%	315,000	58,400		
11/01/43	2,605,000	4.000%	-	52,100	425,500	
05/01/44	2,605,000	4.000%	330,000	52,100		
11/01/44	2,275,000	4.000%	-	45,500	427,600	
05/01/45	2,275,000	4.000%	345,000	45,500		
11/01/45	1,930,000	4.000%	-	38,600	429,100	
05/01/46	1,930,000	4.000%	355,000	38,600		
11/01/46	1,575,000	4.000%	-	31,500	425,100	
05/01/47	1,575,000	4.000%	370,000	31,500		
11/01/47	1,205,000	4.000%	-	24,100	425,600	
05/01/48	1,205,000	4.000%	385,000	24,100		
11/01/48	820,000	4.000%	-	16,400	425,500	
05/01/49	820,000	4.000%	400,000	16,400		
11/01/49	420,000	4.000%		8,400	424,800	
05/01/50	420,000	4.000%	420,000	8,400	428,400	

TOTAL	$6,840,000	$3,825,866	$10,665,866	

Botaniko	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	
O&M Units	Bonds Units Series 2020	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Single Family	

125	

79	

$638.30	

$638.30	

$0.00	

$5,781.54	

$5,781.54	

$0.00	

$6,419.84	

$6,419.84	

$0.00	
Total	125	79										

Page 6

BOTANIKO	
COMMUNITY DEVELOPMENT DISTRICT	
Audit Proposals - Fiscal Years 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035	

Understanding	Ability to			
Ranking Scale	Ability of  Proposer's	Scope	Furnish the	Price	TOTAL	
Personnel Experience	of Work	Require Services			

Maximum Points	20	20	20	20	20	100	

	FEE	

Berger, Toombs, Elam, Gaines & Frank								
Fort Pierce								
2026	$4,175							
2027	$4,175							
2028	$4,300							
2029	$4,300							
2030	$4,450							
2031	$4,450							
2032	$4,575							
2033	$4,575							
2034	$4,575							
2035	$4,575							
$44,150								
Grau & Associates								
Boca Raton								
2026	$3,200							
2027	$3,300							
2028	$3,400							
2029	$3,500							
2030	$3,600							
2031	$3,700							
2032	$3,800							
2033	$3,900							
2034	$4,000							
2035	$4,100							
2036	$4,200							
$40,700								
RMcIntosh CPA								
Boca Raton								
2026	$4,500							
2027	$4,600							
2028	$4,700							
2029	$4,800							
2030	$4,900							
2031	$5,000							
2032	$5,100							
2033	$5,200							
2034	$5,300							
2035	$5,400							
2036

$55,000	$5,500							

$0								

Auditor Selection Evaluation Criteria:

1. Ability of Personnel	20 Points	
E.g. geographic locations of firm's headquarters or permanent office in relation to the project; capabilities and experience of key personnel;	
present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.	

2. Proposer's Experience	20 Points	
E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for	
other Community Development Districts in other contracts; character, integrity, reputation of respondent, etc.	

3. Understanding of Scope of Work	20 Points	
Extent to which the proposal demonstrates an understanding of the Districts needs for the services requested.	

4. Ability to Furnish the Required Services	20 Points	
Extent to which the proposal demonstrates the adequacy of Proposer's financial resources and stability as a business entity necessary to	
complete the services required. E.g. the existence of any natural disaster plan for business operations.	

5. Price	20 Points	
Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.	

BOTANIKO
COMMUNITY DEVELOPMENT DISTRICT PROPOSAL FOR AUDIT SERVICES

PROPOSED BY:

Berger, Toombs, Elam, Gaines & Frank CERTIFIED PUBLIC ACCOUNTANTS, PL

600 Citrus Avenue, Suite 200	(772) 461-6120 Fort Pierce, Florida 34950

CONTACT PERSON:
Maritza Stonebraker, CPA, Director

DATE OF PROPOSAL:

February 16, 2026

TABLE OF CONTENTS

DESCRIPTION OF SECTION	PAGE
Letter of Transmittal	1-2
Profile of the Proposer
Description and History of Audit Firm	3
Professional Staff Resources	4-5
Ability to Furnish the Required Services	5
Governmental Auditing Experience	6-15
Fee Schedule	16
Scope of Work to be Performed	16
Resumes	17-32
Peer Review Letter	33

February 16, 2026
Botaniko Community Development District Governmental Management Services 5385 N. Nob Hill Road
Sunrise, FL 33351 Dear District Manager:
Thank you very much for the opportunity to present our professional credentials to provide audit services for Botaniko Community Development District.
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has assembled a team of governmental and nonprofit specialists second to none to serve our clients. Our firm has the necessary qualifications and experience to serve as the independent auditors for Botaniko Community Development District. We will provide you with top quality, responsive service.

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a recognized leader in providing services to governmental and nonprofit agencies throughout Florida. We have been the independent auditors for a number of local governmental agencies and through our experience in performing their audits, we have been able to increase our audit efficiency and; therefore, reduce costs. We have continually passed this cost savings on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications in accordance with 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 the standards for financial and compliance audits.
We will conduct the audit in accordance with auditing standards generally accepted in the United States of America with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up-to-date on all changes that are occurring within the industry.

- 1 -

Botaniko Community Development District February 16, 2026
Our firm is a member of the Government Audit Quality Center, an organization dedicated to improving government audit quality. We also utilize the audit program software of a nationally recognized CPA firm to assure us that we are up to date with all auditing standards and to assist us maintain maximum audit efficiencies.

To facilitate your evaluation of our qualifications and experience, we have arranged this proposal to include a resume of our firm, including our available staff, our extensive prior governmental and nonprofit auditing experience and clients to be contacted.

You need a firm that will provide an efficient, cost-effective, high-quality audit within critical time constraints. You need a firm with the prerequisite governmental and nonprofit experience to perform your audit according to stringent legal and regulatory requirements, a firm that understands the complex nature of community development districts and their unique compliance requirements. You need a firm with recognized governmental and nonprofit specialists within the finance and governmental communities. And, certainly, you need a firm that will provide you with valuable feedback to enhance your current and future operations. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is that firm. Maritza Stonebraker is the person authorized to make representations for the firm.
Thank you again for the opportunity to submit this proposal to Botaniko Community Development District.

Very truly yours,

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida

- 2 -

PROFILE OF THE PROPOSER
Description and History of Audit Firm
Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a Treasure Coast public accounting firm, which qualifies as a small business firm, as established by the Small Business Administration (13 CFR 121.38), with offices in Fort Pierce and Stuart. We are a member of the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. The firm was formed from the merger of Edwards, Berger, Harris & Company (originated in 1972) and McAlpin, Curtis & Associates (originated in 1949). J. W. Gaines and Associates (originated in 1979) merged with the firm in 2004. Our tremendous growth rate experienced over the last 70 years is directly attributable to the firm’s unrelenting dedication to providing the highest quality, responsive professional services attainable to its clients.
We are a member of the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) to assure we meet the highest standards. Membership in this practice section requires that our firm meet more stringent standards than standard AICPA membership. These rigorous requirements include the requirement of a triennial peer review of our firm’s auditing and accounting practice and annual Continuing Professional Education (CPE) for all accounting staff (whether CPA or non-CPA). For standard AICPA membership, only a quality review is required and only CPAs must meet CPE requirements.
We are also a member of the Government Audit Quality Center (“the Center”) of the American Institute of Certified Public Accountants to assure the quality of our government audits. Membership in the Center, which is voluntary, requires our firm to comply with additional standards to promote the quality of government audits.
We have been extensively involved in serving local government entities with professional accounting, auditing and consulting services throughout the entire history of our firm. Our substantial experience over the years makes us uniquely qualified to provide accounting, auditing, and consulting services to these clients. We are a recognized leader in providing services to governmental and nonprofit agencies on the Treasure Coast and in Central and South Florida, with extensive experience in auditing community development districts and water control districts. We were the independent auditors of the City of Fort Pierce for over 37 years and for St. Lucie County for over 34 years. Additionally, we have performed audits of the City of Stuart, the City of Vero Beach, Indian River County and Martin County. We also presently audit over 100 Community Development Districts throughout Florida.
Our firm was founded on the belief that we are better able to respond to our clients needs through education, experience, independence, quality control, and personal service. Our firm’s commitment to quality is reflected in our endeavor of professional excellence via continuing education, the use of the latest computer technology, professional membership in PCPS and peer review.
We believe our approach to audit engagements, intelligence and innovation teamed with sound professional judgment enables us to explore new concepts while remaining sensitive to the fundamental need for practical solutions. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.

Professional Staff Resources

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has a total of
32 professional and administrative staff (including 12 professional staff with extensive experience servicing government entities). The work will be performed out of our Fort Pierce office with a proposed staff of one senior accountant and one or two staff accountants supervised by an audit manager and audit partner. With the exception of the directors of the firm’s offices, the professional staff is not specifically assigned to any of our individual offices. The professional and administrative staff resources available to you through Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL are as follows:
Total
Partners/Directors (CPA’s)	7	
Managers (1 CPA)	2	
Senior/Supervisor Accountants (1 CPA)	3	
Staff Accountants	8	
Paraprofessional	6	
Administrative	 6	
Total – all personnel	32	

Following is a brief description of each employee classification:

Staff Accountant – Staff accountants work directly under the constant supervision of the auditor-in-charge and, are responsible for the various testing of documents, account analysis and any other duties as his/her supervisor believes appropriate. Minimum qualification for a staff accountant is graduation from an accredited university or college with a degree in accounting or equivalent.
Senior Accountant – A senior accountant must possess all the qualifications of the staff accountant, in addition to being able to draft the necessary reports and financial statements, and supervise other staff accountants when necessary.

Managers – A manager must possess the qualifications of the senior accountant, plus be able to work without extensive supervision from the auditor-in-charge. The manager should be able to draft audit reports from start to finish and to supervise the audit team, if necessary.

Partner/Director – The director has extensive governmental auditing experience and acts as the auditor-in-charge. Directors have a financial interest in the firm.

Professional Staff Resources (Continued)

Independence – Independence of the public accounting firm, with respect to the audit client, is the foundation from which the public gains its trust in the opinion issued by the public accounting firm at the end of the audit process. This independence must be in appearance as well as in fact. The public must perceive that the accounting firm is independent of the audit entity to ensure that nothing would compromise the opinion issued by the public accounting firm. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is independent of Botaniko Community Development District, including its elected officials and related parties, at the date of this proposal, as defined by the following rules, regulations, and standards:
Au-C Section 220 – Statements on Auditing Standards issued by the American Institute of Certified Public Accountants;
ET Sections 101 and 102 – Code of Professional Conduct of the American Institute of Certified Public Accountants;
Chapter 21A-1, Florida Administrative Code; Section 473.315, Florida Statutes; and,
Government Auditing Standards, issued by the Comptroller General of the United States.
On an annual basis, all members of the firm are required to confirm, in writing, that they have no personal or financial relationships or holding that would impair their independence with regard to the firm’s clients.

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

As previously noted in the Profile of the Proposer section of this document, our firm has been in existence for over 74 years. We have provided audit services to some clients for over 30 years continually. Our firm is insured against physical loss through commercial insurance and we also carry liability insurance. The majority of our audit documentation is stored electronically, both on our office network and on each employee laptop or computer assigned to each specific job. Our office computer network is backed up on tape, so in the event of a total equipment loss, we can restore all data as soon as replacement equipment is acquired. In addition, our field laptop computers carry the same data and can be used in the event of emergency with virtually no delay in completing the required services.

GOVERNMENTAL AUDITING EXPERIENCE

Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has been practicing public accounting in Florida for 70 years. Our success over the years has been the result of a strong commitment to providing personalized quality service to our clients.
The current members of our firm have performed audits of over 1,100 community development districts, and over 2,100 audits of municipalities, counties and other governmental entities such as the City of Fort Pierce and St. Lucie County.

Our firm provides a variety of accounting, auditing, tax litigation support, and consulting services. Some of the professional accounting, auditing and management consulting services that are provided by our firm are listed below:

Performance of annual financial and compliance audits, including Single Audits of state and federal financial assistance programs, under the provisions of the Single Audit Act,
Subpart F of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), with minimal disruptions to your operations;
Performance of special compliance audits to ascertain compliance with the applicable local, state and federal laws and regulations;
Issuance of comfort letters and consent letters in conjunction with the issuance of tax-exempt debt obligations, including compiling financial data and interim period financial statement reviews;
Calculation of estimated and actual federal arbitrage rebates;
Assistance in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement for Excellence in Financial Reporting;
Preparation of indirect cost allocation systems in accordance with Federal and State regulatory requirements;
Providing human resource and employee benefit consulting;
Performance of automation feasibility studies and disaster recovery plans;
Performance feasibility studies concerning major fixed asset acquisitions and utility plant expansion plans (including electric, water, pollution control, and sanitation utilities); and
Assistance in litigation, including testimony in civil and criminal court.
Assist clients who utilize QuickBooks software with their software needs. Our Certified QuickBooks Advisor has undergone extensive training through QuickBooks and has
passed several exams to attain this Certification.
Continuing Professional Education

All members of the governmental audit staff of our firm, and audit team members assigned to this engagement, are in compliance with the Continuing Professional Education (CPE) requirements set forth in Government Auditing Standards issued by the Comptroller General of the United States. In addition, our firm is in compliance with the applicable provisions of the Florida Statutes that require CPA’s to have met certain CPE requirements prior to proposing on governmental audit engagements.

GOVERNMENTAL AUDITING EXPERIENCE (CONTINUED)

The audit team has extensive experience in performing governmental audits and is exposed to intensive and continuing concentration on these types of audits. Due to the total number of governmental audits our team performs, each member of our governmental staff must understand and be able to perform several types of governmental audits. It is our objective to provide each professional employee fifty hours or more of comprehensive continuing professional education each year. This is accomplished through attending seminars throughout Florida and is reinforced through in-house training.
Our firm has made a steadfast commitment to professional education. Our active attendance and participation in continuing professional education is a major part of our objective to obtain the most recent knowledge on issues which are of importance to our clients. We are growing on the reputation for work that our firm is providing today.
Quality Control Program

Quality control requires continuing commitment to professional excellence. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is formally dedicated to that commitment.

To ensure maintaining the standards of working excellence required by our firm, we joined the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). To be a participating member firm of this practice section, a firm must obtain an independent Peer Review of its quality control policies and procedures to ascertain the firm’s compliance with existing auditing standards on the applicable engagements.
The scope of the Peer Review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm:
Professional, economic, and administrative independence;
Assignment of professional personnel to engagements;
Consultation on technical matters;
Supervision of engagement personnel;
Hiring and employment of personnel;
Professional development;
Advancement;
Acceptance and continuation of clients; and,
Inspection and review system.
We believe that our commitment to the program is rewarding not only to our firm, but primarily to our clients.
The external independent Peer Review of the elements of our quality control policies and procedures performed by an independent certified public accountant, approved by the PCPS of the AICPA, provides you with the assurance that we continue to conform to standards of the profession in the conduct of our accounting and auditing practice.

Our firm is also a member of Governmental Audit Quality Center (GAQC), a voluntary membership center for CPA firms that perform governmental audits. This center promotes the quality of governmental audits.
Our firm has completed successive Peer Reviews. These reviews included a representative sample of our firm’s local governmental auditing engagements. As a result of these reviews, our firm obtained an unqualified opinion on our quality control program and work procedures. On page 33 is a copy of our most recent Peer Review report. It should be noted that we received a pass rating.

Our firm has never had any disciplinary actions by state regulatory bodies or professional organizations.
As our firm performs approximately one hundred audits each year that are reviewed by federal, state or local entities, we are constantly dealing with questions from these entities about our audits. We are pleased to say that any questions that have been raised were minor issues and were easily resolved without re-issuing any reports.

Certificate of Achievement for Excellence in Financial Reporting (CAFR)
We are proud and honored to have been involved with the City of Fort Pierce and the Fort Pierce Utilities Authority when they received their first Certificates of Achievement for Excellence in Financial Reporting for the fiscal years ended September 30, 1988 and 1994, respectively. We were also instrumental in the City of Stuart receiving the award, in our first year of performing their audit, for the year ended September 30, 1999.
We also assisted St. Lucie County, Florida for the year ended September 30, 2003, in preparing their first Comprehensive Annual Financial Report, and St. Lucie County has received their Certificate of Achievement for Excellence in Financial Reporting every year since.

As continued commitment to insuring that we are providing the highest level of experience, we have had at least one employee of our firm serve on the GFOA – Special Review Committee since the mid-1980s. This committee is made up of selective Certified Public Accountants throughout the United States who have demonstrated their high level of knowledge and expertise in governmental accounting. Each committee member attends a special review meeting at the Annual GFOA Conference. At this meeting, the committee reports on the Certificate of Achievement Program’s most recent results, future goals, and common reporting deficiencies.
We feel that our previous experience in assisting the City of Fort Pierce, the Fort Pierce Utilities Authority and St. Lucie County obtain their first CAFRs, and the City of Stuart in continuing to receive a CAFR and our firm’s continued involvement with the GFOA, and the CAFR review committee make us a valued asset for any client in the field of governmental financial reporting.

References

Florida Green Finance Authority	Gateway Services Community Jeff Walker, Special District Services		Development District
(561) 630-4922	Stephen Bloom, Inframark LLC
(954) 753-5841
South Village Community Development District
Darrin Mossing, Governmental Management	Clearwater Cay Community Services LLC		Development District
(407) 841-5524	Cal Teague, Premier District Management
(239) 690-7100 ext 101

In addition to the above, we have the following additional governmental audit experience: Community Development Districts
Aberdeen Community Development	Beacon Lakes Community District		Development District

Alta Lakes Community Development	Beaumont Community Development District		District

Amelia Concourse Community	Bella Collina Community Development
Development District	District

Amelia Walk Communnity	Bonnet Creek Community
Development District	Development District

Aqua One Community Development	Buckeye Park Community District		Development District

Arborwood Community Development	Candler Hills East Community District		Development District

Arlington Ridge Community	Cedar Hammock Community
Development District	Development District

Bartram Springs Community	Central Lake Community
Development District	Development District

Baytree Community Development	Channing Park Community
District	Development District

Cheval West Community	Evergreen Community Development
Development District	District

Coconut Cay Community	Forest Brooke Community Development District		Development District

Colonial Country Club Community	Gateway Services Community
Development District	Development District

Connerton West Community	Gramercy Farms Community
Development District	Development District

Copperstone Community	Greenway Improvement District Development District

Creekside @ Twin Creeks Community	Greyhawk Landing Community Development District		Development District

Deer Run Community Development	Griffin Lakes Community Development District		District

Dowden West Community	Habitat Community Development
Development District	District

DP1 Community Development	Harbor Bay Community Development
District	District

Eagle Point Community Development	Harbourage at Braden River District		Community Development District

East Nassau Stewardship District	Harmony Community Development
District
Eastlake Oaks Community
Development District	Harmony West Community Development District
Easton Park Community Development
District	Harrison Ranch Community
Development District
Estancia @ Wiregrass Community
Development District	Hawkstone Community Development District

Heritage Harbor Community	Madeira Community Development
Development District	District

Heritage Isles Community	Marhsall Creek Community
Development District	Development District

Heritage Lake Park Community	Meadow Pointe IV Community
Development District	Development District

Heritage Landing Community	Meadow View at Twin Creek
Development District	Community Development District

Heritage Palms Community	Mediterra North Community
Development District	Development District

Heron Isles Community	Midtown Miami Community
Development District	Development District

Heron Isles Community Development	Mira Lago West Community District		Development District

Highland Meadows II Community	Montecito Community
Development District	Development District

Julington Creek Community	Narcoossee Community
Development District	Development District

Laguna Lakes Community	Naturewalk Community
Development District	Development District

Lake Bernadette Community	New Port Tampa Bay Community
Development District	Development District

Lakeside Plantation Community	Overoaks Community Development
Development District	District

Landings at Miami Community	Panther Trace II Community
Development District	Development District

Legends Bay Community	Paseo Community Development
Development District	District

Lexington Oaks Community	Pine Ridge Plantation Community
Development District	Development District

Live Oak No. 2 Community	Piney Z Community Development
Development District	District

Poinciana Community	Sampson Creek Community
Development District	Development District

Poinciana West Community	San Simeon Community
Development District	Development District

Port of the Islands Community	Six Mile Creek Community
Development District	Development District

Portofino Isles Community	South Village Community
Development District	Development District

Quarry Community Development	Southern Hills Plantation I
District	Community Development District

Renaissance Commons Community	Southern Hills Plantation III Development District		Community Development District

Reserve Community	South Fork Community
Development District	Development District

Reserve #2 Community	St. John's Forest Community
Development District	Development District

River Glen Community	Stoneybrook South Community
Development District	Development District

River Hall Community	Stoneybrook South at ChampionsGate
Development District	Community Development District

River Place on the St. Lucie	Stoneybrook West Community
Community Development District	Development District

Rivers Edge Community	Tern Bay Community
Development District	Development District

Riverwood Community	Terracina Community Development
Development District	District

Riverwood Estates Community	Tison's Landing Community
Development District	Development District

Rolling Hills Community	TPOST Community Development
Development District	District

Rolling Oaks Community Development District

Triple Creek Community	Vizcaya in Kendall
Development District	Development District

TSR Community Development	Waterset North Community
District	Development District

Turnbull Creek Community	Westside Community Development
Development District	District

Twin Creeks North Community	WildBlue Community Development
Development District	District

Urban Orlando Community	Willow Creek Community
Development District	Development District

Verano #2 Community	Willow Hammock Community
Development District	Development District

Viera East Community	Winston Trails Community
Development District	Development District

VillaMar Community	Zephyr Ridge Community
Development District	Development District

Other Governmental Organizations

City of Westlake

Florida Inland Navigation District Fort Pierce Farms Water Control
District

Indian River Regional Crime Laboratory, District 19, Florida
Viera Stewardship District

Office of the Medical Examiner, District 19
Rupert J. Smith Law Library of St. Lucie County
St. Lucie Education Foundation Seminole Improvement District Troup Indiantown Water
Control District

Current or Recent Single Audits

St. Lucie County, Florida Early Learning Coalition, Inc.
Gateway Services Community Development District Healthy Start Coalition
Members of our audit team have acquired extensive experience from performing or participating in over 1,800 audits of governments, independent special taxing districts, school boards, and other agencies that receive public money and utilize fund accounting.

Much of our firm’s auditing experience is with compliance auditing, which is required for publicly financed agencies. In this type of audit, we do a financial examination and also confirm compliance with various statutory and regulatory guidelines.
Following is a summary of our other experience, including Auditor General experience, as it pertains to other governmental and fund accounting audits.

Counties
(Includes elected constitutional officers, utilities and dependent taxing districts)

Indian River Martin Okeechobee Palm Beach
Municipalities

City of Port St. Lucie City of Vero Beach Town of Orchid

Special Districts

Bannon Lakes Community Development District Boggy Creek Community Development District Capron Trail Community Development District Celebration Pointe Community Development District Coquina Water Control District
Diamond Hill Community Development District Dovera Community Development District
Durbin Crossing Community Development District Golden Lakes Community Development District Lakewood Ranch Community Development District Martin Soil and Water Conservation District Meadow Pointe III Community Development District Myrtle Creek Community Development District
St. Lucie County – Fort Pierce Fire District The Crossings at Fleming Island
St. Lucie West Services District
Indian River County Mosquito Control District St. John’s Water Control District
Westchase and Westchase East Community Development Districts Pier Park Community Development District
Verandahs Community Development District Magnolia Park Community Development District
Schools and Colleges

Federal Student Aid Programs – Indian River Community College Indian River Community College
Okeechobee County District School Board St. Lucie County District School Board
Indian River School District – Internal Accounts State and County Agencies
Central Florida Foreign-Trade Zone, Inc. (a nonprofit organization affiliated with the St. Lucie County Board of County Commissioners)
Florida School for Boys at Okeechobee
Indian River Community College Crime Laboratory Indian River Correctional Institution

FEE SCHEDULE

We propose the fee for our audit services described below to be $4,075 for the years ending September 30, 2026 and 2027, $4,175 for the years ending September 30, 2028 and 2029,
$4,300 for the years ending September 30, 2030 and 2031, $4,450 for the years ending September 30, 2032 and 2033, $4,575 for the years ending September 30, 2034 and 2035. In addition, if a bond issuance occurs there will be an additional fee for each additional bond. The fee is contingent upon the financial records and accounting systems of Botaniko Community Development District being “audit ready” and the financial activity for the District is not materially increased. If we discover that additional preparation work or subsidiary schedules are needed, we will consult with your authorized representative. We can assist with this additional work at our standard rates should you desire.
SCOPE OF WORK TO BE PERFORMED
If selected as the District's auditors, we will perform a financial and compliance audit in accordance with Section 11.45, Florida Statutes, in order to express an opinion on an annual basis on the financial statements of Botaniko Community Development District as of September 30, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034 and 2035. The audits will be
performed to the extent necessary to express an opinion on the fairness in all material respects with which the financial statements present the financial position, results of operations and changes in financial position in conformity with generally accepted accounting principles and to determine whether, for selected transactions, operations are properly conducted in accordance with legal and regulatory requirements. Reportable conditions that are also material weaknesses shall be identified as such in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters. Other (non-reportable) conditions discovered during the course of the audit will be reported in a separate letter to management, which will be referred to in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters.
Our audit will be performed in accordance with standards for financial and compliance audits contained in Government Auditing Standards, as well as in compliance with rules and regulations of audits of special districts as set forth by the State Auditor General in Chapter 10.550, Local Governmental Entity Audits, and other relevant federal, state and county orders, statutes, ordinances, charter, resolutions, bond covenants, Administrative Code and procedures, or rules and regulations which may pertain to the work required in the engagement.
The primary purpose of our audit will be to express an opinion on the financial statements discussed above. It should be noted that such audits are subject to the inherent risk that errors or irregularities may not be detected. However, if conditions are discovered which lead to the belief that material errors, defalcations or other irregularities may exist or if other circumstances are encountered that require extended services, we will promptly notify the appropriate individual.

David S. McGuire, CPA, CITP
Director – 31 years experience

Education
University of Central Florida, B.A. – Accounting
Barry University – Master of Professional Accountancy
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Certified Information Technology Professional (CITP) – American Institute of Certified Public Accountants
Certified Not-For-Profit Core Concepts 2018
Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Associate Member, Florida Government Finance Office Associates
Assistant Coach – St. Lucie County Youth Football Organization (1994 – 2005)
Assistant Coach – Greater Port St. Lucie Football League, Inc. (2006 – 2010)
Board Member – Greater Port St. Lucie Football League, Inc. (2011 – 2017)
Treasurer, AIDS Research and Treatment Center of the Treasure Coast, Inc. (2000 – 2003)
Board Member/Treasurer, North Treasure Coast Chapter, American Red Cross (2004 – 2010)
Member/Board Member of Port St. Lucie Kiwanis (1994 – 2001)
President (2014/15) of Sunrise Kiwanis of Fort Pierce (2004 – 2017)
St. Lucie District School Board Superintendent Search Committee (2013 – present)
Board Member – Phrozen Pharoes (2019-2021)
Professional Experience
Twenty-eight years public accounting experience with an emphasis on nonprofit and governmental organizations.
Audit Manager in-charge on a variety of audit and review engagements within several industries, including the following government and nonprofit organizations:
St. Lucie County, Florida
19th Circuit Office of Medical Examiner Troup Indiantown Water Control District
Exchange Club Center for the Prevention of Child Abuse, Inc. Healthy Kids of St. Lucie County
Mustard Seed Ministries of Ft. Pierce, Inc. Reaching Our Community Kids, Inc.
Reaching Our Community Kids - South
St. Lucie County Education Foundation, Inc. Treasure Coast Food Bank, Inc.
North Springs Improvement District
Four years of service in the United States Air Force in computer operations, with a top secret (SCI/SBI) security clearance.

David S. McGuire, CPA, CITP (Continued)
Director

Continuing Professional Education
Mr. McGuire has attended numerous continuing professional education courses and seminars taught by nationally recognized sponsors in the accounting auditing and single audit compliance areas. He has attended courses over the last two years in those areas as
follows:
Not-for-Profit Auditing Financial Results and Compliance Requirements Update: Government Accounting Reporting and Auditing
Annual Update for Accountants and Auditors

Matthew Gonano, CPA
Director – 14 years total experience

Education
University of North Florida, B.B.A. – Accounting
University of Alicante, Spain – International Business
Florida Atlantic University – Masters of Accounting
Professional Affiliations/Community Service
American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants
Professional Experience

Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.
Performed audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with OMB Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations.

Continuing Professional Education
Mr. Gonano has participated in numerous continuing professional education courses.

Melissa Marlin, CPA
Director – 12 years

Education
Indian River State College, A.A. – Accounting
Florida Atlantic University, B.B.A. – Accounting
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Professional Affiliations/Community Service
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Affiliate member of the Government Finance Officers Association
Professional Experience
Accountant with over 10 years of experience providing professional services to nonprofit and governmental entities.
Performed over 300 audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with 2 CFR Part 200 Subpart F, Uniform Guidance, Audits of State, Local Governments, and Non-Profit Organizations.

Continuing Professional Education
Mrs. Marlin participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments in accounting and auditing such as:
Governmental Accounting Report and Audit Update
Analytical Procedures, FICPA
Annual Update for Accountants and Auditors
Single Audit Sampling and Other Considerations

Maritza Stonebraker, CPA
Director – 10 years

Education
Indian River State College, B.S. – Accounting
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Professional Affiliations/Community Service
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Affiliate of the Government Finance Officers Association
Professional Experience
Maritza launched her professional auditing career at Berger, Toombs, Elam, Gaines, & Frank, accumulating over 9 years of expertise in the field
Performed over 300 audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS)
Performed Single Audits of nonprofit organizations in accordance with 2 CFR Part 200 Subpart F, Uniform Guidance, Audits of State, Local Governments, and Non-Profit Organizations.

Continuing Professional Education
Mrs. Stonebraker participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments in accounting and auditing such as:
Governmental Accounting Report and Audit Update
Analytical Procedures, FICPA
Annual Update for Accountants and Auditors
Single Audit Sampling and Other Considerations

Jonathan Herman, CPA
Director – 12 years

Education
University of Central Florida, B.S. – Accounting
Florida Atlantic University, MACC
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Affiliate member Government Finance Officers Association
Professional Experience
Over 10 years experience in all phases of public accounting and auditing experience, with a concentration in financial and compliance audits. Mr. Herman has been involved in all phases of the audits listed on the preceding pages.

Continuing Professional Education
Has participated in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. He has attended courses in those areas over the last two years such as:
Governmental Accounting Report and Audit Update
Annual Update: Government Accounting Reporting and Auditing Annual Update for Accountants and Auditors

David F. Haughton, CPA
Accounting and Audit Manager – 34 years

Education
Stetson University, B.B.A. – Accounting
Registrations
Certified Public Accountant – State of Florida, State Board of Accountancy
Professional Affiliations/Community Service
Member of the American and Florida Institutes of Certified Public Accountants
Former Member of Florida Institute of Certified Public Accountants Committee on State and Local Government
Affiliate Member Government Finance Officers Association (GFOA) for over 10 years
Affiliate Member Florida Government Finance Officers Association (FGFOA) for over 10 years
Technical Review – 1997 FICPA Course on State and Local Governments in Florida
Board of Directors – Kiwanis of Ft. Pierce, Treasurer – 1994-1999; Vice President – 1999-2001

Professional Experience
Twenty-seven years public accounting experience with an emphasis on governmental and nonprofit organizations.
State Auditor General’s Office – West Palm Beach, Staff Auditor, June 1985 to September 1985
Accounting and Audit Manager of Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL, responsible for audit and accounting services including governmental and not-for-profit audits.
Over 20 years of public accounting and governmental experience, specializing in governmental and nonprofit organizations with concentration in special districts, including Community Development Districts which provide services including water and sewer utilities.
Governmental and non-profit entities served include the following:

Counties:
St. Lucie County

Municipalities: City of Fort Pierce City of Stuart

David F. Haughton, CPA (Continued)
Accounting and Audit Manager

Professional Experience (Continued) Special Districts:
Bluewaters Community Development District
Country Club of Mount Dora Community Development District Fiddler’s Creek Community Development District #1 and #2 Indigo Community Development District
North Springs Improvement District
Renaissance Commons Community Development District St. Lucie West Services District
Stoneybrook Community Development District Summerville Community Development District Terracina Community Development District Thousand Oaks Community Development District Tree Island Estates Community Development District Valencia Acres Community Development District

Non-Profits:
The Dunbar Center, Inc.
Hibiscus Children’s Foundation, Inc. Hope Rural School, Inc.
Maritime and Yachting Museum of Florida, Inc. Tykes and Teens, Inc.
United Way of Martin County, Inc.
Workforce Development Board of the Treasure Coast, Inc.
While with the Auditor General’s Office he was on the staff for the state audits of the Martin County School District and Okeechobee County School District.
During 1997 he performed a technical review of the Florida Institute of Certified Public Accountants state CPE course on Audits of State and Local Governments in Florida. His
comments were well received by the author and were utilized in future updates to the course.
Continuing Professional Education
During the past several years, he has participated in numerous professional development training programs sponsored by the AICPA and FICPA, including state conferences on special districts and governmental auditing in Florida. He averages in excess of 100 hours
bi-annually of advanced training which exceeds the 80 hours required in accordance with the continuing professional education requirements of the Florida State Board of accountancy and the AICPA Private Companies Practice Section. He has over 75 hours of governmental CPE credit within the past two years.

Paul Daly
Senior Accountant – 14 years

Education
Florida Atlantic University, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Working to attain the requirements to take the Certified Public Accounting (CPA) exam.

Bryan Snyder
Manager – 11 years

Education
Florida Atlantic University, B.B.A. – Accounting
Professional Experience
Accountant beginning his professional auditing career with Berger, Toombs, Elam, Gaines, & Frank.
Mr. Snyder is gaining experience auditing governmental & nonprofit entities.
Continuing Professional Education
Mr. Snyder participates in numerous continuing education courses and plans on working to acquire his CPA certificate.
Mr. Snyder is currently studying to pass the CPA exam.

Tifanee Terrell, CPA
Senior Accountant – 5 years

Education
Florida Atlantic University, M.A.C.C. – Accounting
Professional Experience
Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Terrell participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Dylan Dixon
Senior Accountant – 4 years

Education
Indian River State College, B.S. – Accounting
Florida Gulf Coast University, M.S. – Accounting
Professional Experience
Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. Dixon participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.
Mr. Dixon is currently studying to pass the CPA exam.

Brennen Moore
Staff Accountant – 3 years

Education
Indian River State College, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. Moore participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Katie Gifford
Staff Accountant – 2 years

Education
Indian River State College, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Gifford participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Rayna Zicari
Staff Accountant – 2 years

Education
Stetson University, B.B.A. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Ms. Zicari participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Deandre McFadden
Staff Accountant – 1 year

Education
Florida Atlantic University, B.S. – Accounting
Professional Experience
Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities.

Continuing Professional Education
Mr. McFadden participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments.

Report on the Firm's System of Quality Control

6930 Gall Boulevard
Suite 200
Zephyrhills, FL 33542

813.788.2155
IJGPerry.com

December 4, 2025
To the Partners of Berger, Toombs, Elam, Gaines & Frank, CPAs, PL
and the Peer Review Committee of the Florida Institute of Certified Public Accountants
We have reviewed the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs, PL, in effect for the year ended May 31, 2025. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards). A summary of the nature, objectives, scope, limitations of, and the procedures performed in a system review as described in the Standards may be found at www.aicpa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported on in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.

Finn's Responsibility
The firm is responsible for designing and complying with a system of quality control to provide the firm with reasonable assurance of performing and reporting in conformity with the requirements of applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported on in conformity with the requirements of applicable professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any.
Peer Reviewer's Responsibility
Our responsibility is to express an opinion on the design of and compliance with the firm's system of quality control based on our review.

Required Selections and Considerations

Engagements selected for review included engagements performed under Government Auditing Standards, including a compliance audit under the Single Audit Act.

As a part of our peer review, we considered reviews by regulatory entities as communicated by the firm, if applicable, in determining the nature and extent of our procedures.
Opinion
In our opinion, the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs, PL, in effect for the year ended May 31, 2025 has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiency(ies), or fail. Berger, Toombs, Elam, Gaines & Frank, CPAs, PL has received a peer review rating of pass.
1-;n,-{Zy
DG Perry

DGPerry
CPAs + Advisors

Proposal to Provide Financial Auditing Services:
BOTANIKO
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: February 16, 2026 11:00AM

Submitted to:
Botaniko
Community Development District c/o District Manager
5385 N Nob Hill Road Sunrise, Florida 33351

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

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

February 16, 2026

Botaniko Community Development District c/o District Manager
5385 N Nob Hill Road Sunrise, Florida 33351

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2026, with an option for ten (10) additional annual renewals.

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

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

Why Grau & Associates:

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

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

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

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.

Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

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

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

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

Our Team

3

Services Provided

Partners

13
Professional Staff

2
Administrative Professionals

10/18
Employees are CPAS

Year founded

9
Professional Groups

Properly registered and licensed professional corporation by the state of FLORIDA

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

⇒ External quality review program: consistently
receives a pass
⇒ Internal: ongoing monitoring to maintain
quality

See next page for report and certificate

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

GRAU AND ASSOCIATES COMMUNITY
DEVELOPMENT DISTRICT EXPERIENCE BY MANAGEMENT COMPANY

OTHER
19

PFM
12

WRATHELL
30

GMS
78

INFRAMARK
38

SDS
60

RIZZETTA
47

MERITUS
23

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

Ben Steets, CPA (Partner)
Years Performing Audits: 10+
CPE (last 2 years): Government Accounting, Auditing: 28 hours; Accounting, Auditing and Other: 88 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

“Here at Grau & Associates, staying up to date with the current technological landscape is one of our top priorities. Not only does it provide a more positive experience for our clients, but it also allows us to perform a more effective and efficient audit. With the every changing technology available and utilized by our clients, we are constantly innovating our audit process.”
-	Tony Grau
“Quality audits and exceptional client service are at the heart of every decision we make. Our clients trust us to deliver a quality audit, adhering to high standards and assisting them with improvements for their organization.”
- Ben Steets

YOUR ENGAGEMENT TEAM

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team. The Certified Information Technology Professional (CITP) Partner will bring a unique blend of IT expertise and understanding of accounting principles to the financial statement audit of the District.

Engagement Partner

CITP Partner

Your Successful Audit

Audit Manager

Audit Senior

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.

The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.

Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

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

Clients Served (partial list)
(>300) Various Special Districts, including:

Bayside Improvement Community Development District Dunes Community Development District
Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District

Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control

St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District

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

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	56
Total Hours	80 (includes of 4 hours of Ethics CPE)

Contact : bsteets@graucpa.com / (561) 939-6669
Experience
Grau & Associates	Partner	2023-Present	
Grau & Associates	Manager	2021-2023	
Grau & Associates	Senior Auditor	2018-2021	
Grau & Associates	Staff Auditor	2016-2018	
PCAOB Registered	Staff Auditor	2015-2016	
Firm			

Education
Florida Atlantic University (2015)

Clients Served (partial list)

(>300) Various Special Districts	San Carlos Park Fire and Rescue Service District Careersource Polk	Sanibel Fire and Rescue District
Central Broward Water Control District	South Broward Drainage District Dunes Community Development District	South Trail Fire and Rescue District Greater Naples Fire Rescue District	Town of Highland Beach
Key Marco Community Development District Town of Lauderdale-By-The-Sea
Lake Worth Drainage District	Verano Walk Community Development District Mae Volen Senior Center	West Villages Improvement District

Port of the Islands Community Improvement District

Winding Cypress Community Development District

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	28
Accounting, Auditing and Other	88
Total Hours	116 (includes 4 hours of Ethics CPE)
Professional Associations/Memberships American Institute of Certified Public Accountants Florida Institute of Certified Public Accountants

References

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

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

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

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

Specific Audit Approach

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

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

PHASE I:
Preliminary Planning

PHASE II:
Execution of the Audit Plan

PHASE III:
Completion and Delivery

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

During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.

Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
»  Perform tests of compliance.
Phase III - Completion and Delivery

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

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

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

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

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

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

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
»  Difficulties encountered in performing the audit.

Is the recommendation cost effective?

Is the recommendation the simplest to effectuate in order to correct a problem?

Is the recommendation at the heart of the problem and not just correcting a symptomatic matter?

Is the corrective action taking into account why the deficiency occurred?

Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

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

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

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

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2026-2036 are as follows:

  Year Ended September 30,			Fee		
2026	$3,200	
2027	$3,300	
2028	$3,400	
2029	$3,500	
2030	$3,600	
2031	$3,700	
2032	$3,800	
2033	$3,900	
2034	$4,000	
2035	$4,100	
2036	$4,200	
TOTAL (2026-2036)	$40,700	

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

Supplemental Information

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

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

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

ARBITRAGE

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

73

Current Arbitrage Calculations

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

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

Prepared for Botaniko Community Development District
Prepared By: McIntosh CPA

February 16, 2026

Independent Audit Service Proposal

2385 NW Executive Center Dr.
Boca Raton, FL 33431 rmcintoshcpa.com

Table of Contents
Transmittal Letter	2
Statement of Understanding and Scope of Work	3
Qualifications, and Experience	6
Personnel	7
Schedule of Fees	8
Appendix	9

Transmittal Letter

February 16, 2026
Board of Supervisors
Botaniko Community Development District Broward County

McIntosh CPA is pleased to submit this proposal to provide annual auditing services for the Botaniko Community Development District (the "District"). Our firm specializes in auditing services for governmental entities, including special districts, ensuring compliance with Florida Statutes, Government Auditing Standards (Yellow Book), and the requirements set forth by the Florida Auditor General. We are a Woman & Minority Business certified by the State of Florida.

While the firm is new, the managing partner has been providing auditing services to special districts for over 18 years and has an impeccable reputation among former clients. With this experience and knowledge, we are uniquely qualified and ready to assist the District with the audit services needed. We are confident that we will not only provide the services required but exceed expectations.

We understand the importance of accountability and fiscal responsibility in government operations. Our audit methodology is designed to provide an efficient, thorough, and collaborative review process while minimizing disruption to your daily operations. Additionally, we are committed to maintaining open communication and delivering clear, actionable recommendations to support the District’s financial integrity and operational efficiency

We have an established reputation for delivering high-quality, timely, and efficient audits. With our extensive experience, we are confident in our ability to provide the District with the highest level of professional service. We acknowledge that this proposal is valid for ninety (90) days following submission.

We thank you for the opportunity to provide a proposal and look forward to working with the District’s team. Please do not hesitate to contact Racquel McIntosh at 2385 NW Executive Center Dr., Suite 100, Boca Raton FL 33431, 561-981-6282, or mcintoshcpa@outlook.com with any questions.

Sincerely,
Racquel McIntosh, CPA Founder & Managing Partner

Statement of Understanding and Scope of Work
The Botaniko Community Development District requires independent audit services for the fiscal years ending September 30, 2026, with an option for ten additional one-year renewals. Our firm understands that the audit must comply with:
Chapter 218.39, Florida Statutes
Florida Auditor General’s Rules
Government Auditing Standards (Yellow Book)
Licensure under Chapter 473
The audit will include an examination of the District’s financial records, internal controls, and compliance with applicable laws and regulations.

AUDIT TIMELINE

We recognize the importance of adhering to the District’s annual audit deadline and are fully committed to ensuring a timely and efficient audit process. Racquel McIntosh will be responsible for the firm meeting the required deadline. Our team will strategically plan and execute the audit to ensure that the draft and auditor’s reports are completed well in advance of the deadline, allowing ample time for review and discussion. Additionally, we will maintain open communication throughout the engagement to address any concerns promptly and ensure a smooth and seamless audit experience.
SCOPE OF WORK

Conduct an independent audit in accordance with Government Auditing Standards
Evaluate internal controls and compliance with Florida statutes
Issue audited financial statements with findings and recommendations
Report to the Board of Supervisors on the audit findings
Provide ongoing support for financial and compliance questions
The audit will be performed in the three phases below;

Planning

Fieldwork

Reporting

AUDIT PLANNING

This is the most critical part of an audit, as a well planned audit determines the flow and efficiency for the entire audit. Planning consists of the following segments:

Obtain an understanding of the District – we will gain an understanding of the District in order to perform risk assessment for the various segments of the audit. It involves reviewing the policies and procedures, documenting the internal controls of the District, including compliance requirements, and making an initial assessment of inherent risk in order to determine the preliminary risk of material misstatement to the financial statements. It also includes gaining an understanding of the District's IT environment and how that affects financial reporting.

IT Assessment – we will discuss with management and document the District’s IT infrastructure, including; general controls over the network and the accounting software, and specific controls within the accounting software. We will also discuss access, backups, disaster recovery, and virus protection. These discussions will assist in determining if the IT infrastructure is adequate to reduce any material financial statement misstatements.

Preliminary analytics – current vs prior year review of accounts to determine and document causes for fluctuations.

Risk Assessment - Used in conjunction with other planning items above to dictate further audit procedures.
FIELDWORK

Based on the risk assessment results from planning, a combination of analytical procedures, detail test of transactions, and use of audit confirmations will be applied by the auditor.

Analytical procedures – these will consist of revenue and expenditure variances from the prior year, variances with the budget, calculating revenue expectations, and reviewing trend analysis for anomalies.

Test of details – these will consist of tracing and vouching transactions to and from the accounting records. Will also include testing bond compliance.

Audit confirmations – these will be sent to attorneys, tax collector, bond trustees, and other entities as deemed necessary.

REPORTING

Once the fieldwork has been completed, a draft of the financial statements along with all related audit reports will be prepared for management’s review. McIntosh CPA utilizes a memo to management regarding findings and recommendations not deemed significant and therefore not included in any of the audit reports. The memo will detail the observation and provide a recommendation for corrective action. No management response is required since it will not be presented in any audit report. Before a finding is reported in the audit report, a determination is made as to why the issue occurred and whether it was a one-time occurrence. We ensure that reporting items in the audit report are necessary and that recommendations are cost beneficial.
For all three phases above, if deficiencies or discrepancies are identified, management will be informed immediately to give them a chance to research and provide additional information or put corrective measures in place.

Qualifications and Experience
INDEPENDENCE
We affirm that McIntosh CPA is independent with respect to the District. We meet the independence standards of Generally Accepted Auditing Standards and the U.S. Government Accountability Office’s Government Auditing Standards.
FIRM QUALIFICATIONS

Licensed under Chapter 473, Florida Statutes
Over 18 years of experience auditing governments
Demonstrated expertise in auditing special districts and financials
Strong track record of timely report delivery and responsiveness
The services as outlined in the statement of understanding will be overseen by Racquel McIntosh CPA, who brings 18 years of exemplary service in the government auditing and accounting industry. In her previous role, she was an audit partner providing auditing services to municipalities and special districts throughout the State of Florida and was in charge of audit quality for the firm. In addition, she assisted clients with internal policy review, internal control best practices and implementation, and assisted with implementation of accounting software and accounting standards.
Further, she has met the educational requirements for CPAs set forth under Florida Statutes and the Government Auditing Standards (Yellow Book) issued by the Government Accountability Office (GAO). See next page for resume.
Value-Added Service

In addition to providing audit services for the District, Racquel provides an annual training session for the District accounting staff which will include; reviewing items found in the previous year’s audit, accounting treatment for certain transactions, how to respond to auditor inquiry, how to analyze financial statements, and new accounting standards and regulations applicable to the upcoming audit year.
REFERENCES
Below are three districts that the engagement partner has worked on with the named management companies. In total, the engagement partner oversaw and worked on over 200 CDDs.

CATALINA AT WRINKLER PRESERVE COMMUNITY DEVELOPMENT DISTRICT	Rizzetta & Company
3434 Colwell Avenue, Suite 200
Tampa, FL 33614	
BERRY BAY COMMUNITY DEVELOPMENT DISTRICT	Meritus
2005 Pan Am Circle, Suite 300
Tampa, FL 33607	
BRIGHTON LAKES COMMUNITY DEVELOPMENT DISTRICT	Inframark
210 N University Drive Coral Springs, FL 33071	

Schedule of Fees
Below are the all-inclusive fees for the District’s annual financial statement audit

Fiscal Year	Proposed Fee	
2026	$4,500	
2027	$4,600	
2028	$4,700	
2029	$4,800	
2030	$4,900	
2031	$5,000	
2032	$5,100	
2033	$5,200	
2034	$5,300	
2035	$5,400	
2036	$5,500	

The above fees are based on the District not issuing additional Bonds in any of the fiscal years. If Bonds are issued, then fees will be adjusted.

Appendix

Botaniko	
COMMUNITY DEVELOPMENT DISTRICT	

Fiscal Year 2026	
Check Register	

1/1/26 - 1/31/26

Date

check #'s

Amount

1/1 - 1/31	242 - 247	$154,962.22	

TOTAL	$154,962.22	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/18/26	PAGE	1
*** CHECK DATES 01/01/2026 - 01/31/2026 ***	BOTANIKO CDD - GENERAL FUND
BANK A BOTANIKO CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/12/26 00013	1/09/26 01092026 202601 300-20700-10100	*	126,437.14
TRANSFER OF TAX RECEIPTS
BOTANIKO CDD	126,437.14 000242

1/12/26 00001	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
81	202601 310-51300-34000	*	2,101.75
JAN 26 - MGMT FEES
81	202601 310-51300-31300	*	220.83
JAN 26 - DISSEMINATION
81	202601 310-51300-49500	*	153.08
JAN 26 - WEBSITE ADMIN
81	202601 310-51300-42000	*	2.22
JAN 26 - POSTAGE
81	202601 310-51300-48000	*	88.50
JAN 26 - TRIBUNE 7907951
GMS-SF, LLC	2,566.38 000243
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/12/26 00010	1/05/26 28394	202601 310-51300-32200	*	4,700.00
AUDIT FYE 09/30/2025
GRAU AND ASSOCIATES	4,700.00 000244
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/26 00007	1/07/26 8939	202512 310-51300-31100	*	1,102.50
ENGINEER SV 12/1-12/31/25
ALVAREZ ENGINEERS, INC.	1,102.50 000245
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/26 00003 12/31/25 196685	202512 310-51300-31500	*	690.00
DEC 25 - GENERAL COUNSEL
BILLING COCHRAN, P.A.	690.00 000246
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/26 00013	1/15/26 01152026 202601 300-20700-10100	*	19,466.20
TRANSFER OF TAX RECEIPTS
BOTANIKO CDD	19,466.20 000247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	154,962.22
TOTAL FOR REGISTER	154,962.22

BOTA BOTANIKO	SRINKUS

Botaniko	
Community Development District	

Unaudited Financial Reporting	
January 31, 2026	

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund Series 2020

	Capital Projects Fund Series 2020

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Botaniko	
Community Development District	
Combined Balance Sheet	
January 31, 2026	
General	Debt Service	Capital Project	Totals	
Fund	Fund	Fund	Governmental Funds	

Fund Balance:	
Nonspendable:	
Prepaid Items	
Restricted for:	
Debt Service - Series	
Capital Project - Series	
Unassigned	

-	
1,646	
-	

640,840	
1,646	
143,133	

Assets:	
Cash:	
Operating Account	

$	164,828	$	-	$	-	$	164,828

Investments:	
Series 2020	
Reserve	
Revenue	
Acq & Construction	

-	
-	
-	

214,669	
413,583	
-	

-	
-	
1,646	

-	
214,669	
413,583	
1,646	

Due from General	-	12,588	-	12,588

Total Assets	$	164,828	$	640,840	$	1,646	$	807,314	
Liabilities:	
Accounts Payable	$	9,107	$	-		$	-		$	9,107	
Due to Debt Service	12,588		-		-	12,588	

Total Liabilites	$	21,695	$	-	$	-	$	21,695	

	$	-	$	-	$	-	$	-	
					
	-	640,840			
					
	$143,133	-			
Total Fund Balances	$	143,133	$	640,840	$	1,646	$	785,619	
					
Total Liabilities & Fund Balance	$	164,828	$	640,840	$	1,646	$	807,314	

Botaniko	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending January 31, 2026	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:		
Special Assessments - On Roll	$  75,000	
Misc Income	-	

$	57,091	
-	

$  57,091	
533	

$	-	
533	

Total Revenues	$ 75,000	$	57,091	$ 57,624	$	533	
Expenditures:					
General & Administrative:					
Engineering	$	5,000	$	1,667	$	5,559	$	(3,892)	
Attorney	14,000	4,667	7,290	(2,623)	
Annual Audit	4,700	4,700	4,700	-	
Assessment Roll	400	400	400	-	
Arbitrage Rebate	550	-	-	-	
Dissemination Agent	2,650	883	883	-	
Trustee Fees	4,434	-	-	-	
Management Fees	25,221	8,407	8,407	-	
Property Appraiser	400	400	400	-	
Website Maintenance	1,837	612	612	-	
Telephone	150	50	-	50	
Postage & Delivery	400	133	7	127	
Insurance General Liability	6,619	6,619	6,378	241	
Printing & Binding	700	233	13	221	
Legal Advertising	2,500	833	89	745	
Other Current Charges	1,500	500	494	6	
Property Taxes	1,050	1,050	1,110	(60)	
Office Supplies	149	50	-	50	
Dues, Licenses & Subscriptions	175	175	175	-	
Contingency	2,565	855	-	855	
Total Expenditures	$ 75,000	$	32,235	$ 36,516	$	(4,282)	

Excess (Deficiency) of Revenues over Expendi	$	-	$	24,856	$  21,108	$	(3,749)	

Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
	
Net Change in Fund Balance	$	-	$	24,856	$ 21,108	$	(3,749)	
	
Fund Balance - Beginning	$	-		$ 122,026		
	
Fund Balance - Ending	$	-		$ 143,133		

Botaniko	
Community Development District	
Debt Service Fund Series 2020	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending January 31, 2026	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:		
Special Assessments - On Roll	$ 429,337	
Interest Income	5,000	

$	263,789	
$	5,314	

$	263,789	
5,314	

$	-	
-	

Total Revenues	$ 434,337	$  269,103	$  269,103	$	-	
Expenditures:		
Interest Expense - 11/01	$ 128,447	$	128,447	$	128,447	$	-	
Interest Expense - 05/01	128,447	-	-	-	
Principal Expense - 05/01	175,000	-	-	-	
Total Expenditures	$ 431,894	$  128,447	$  128,447	$	-	

Excess (Deficiency) of Revenues over Expendi	$	2,443	$	140,656	$	140,656	$	-	

Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
		
Net Change in Fund Balance	$	2,443	$  140,656	$  140,656	$	-	
		
Fund Balance - Beginning	$ 199,039	$	500,184	
		
Fund Balance - Ending	$ 201,482	$	640,840	

Botaniko
Community Development District Capital Projects Fund Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 01/31/26	Thru 01/31/26	Variance	
Revenues
Interest Income	

$	-	

$	19	

$	19	

$	-	
Total Revenues	$	-	$	19	$	19	$	-	
Expenditures:
Capital Outlay	

$	-	

$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expendi	$	-	$	19	$	19	$	-	
					
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	19	$	-	
					
Fund Balance - Beginning			$	1,627		
					
Fund Balance - Ending	$	-		$	1,646		

Botaniko	
Community Development District	
Month to Month	

Revenues:	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Special Assessments - On Roll	$	177	$ 10,389	$ 40,809	$	5,716	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	57,091	
Misc. Income	533	-	-	-	-	-	-	-	-	-	-	-	533	
Total Revenues	$	710	$ 10,389	$ 40,809	$	5,716	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  57,624	
Expenditures:														
General & Administrative:														
Engineering	$	-	$	-	$	1,103	$	4,457	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,559	
Attorney	780	1,170	690	4,650	-	-	-	-	-	-	-	-	7,290	
Annual Audit	-	-	-	4,700	-	-	-	-	-	-	-	-	4,700	
Assessment Roll	400	-	-	-	-	-	-	-	-	-	-	-	400	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	221	221	221	221	-	-	-	-	-	-	-	-	883	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	2,102	2,102	2,102	2,102	-	-	-	-	-	-	-	-	8,407	
Property Appraiser	-	-	400	-	-	-	-	-	-	-	-	-	400	
Website Maintenance	153	153	153	153	-	-	-	-	-	-	-	-	612	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	2	1	1	2	-	-	-	-	-	-	-	-	7	
Insurance General Liability	6,378	-	-	-	-	-	-	-	-	-	-	-	6,378	
Printing & Binding	-	-	13	-	-	-	-	-	-	-	-	-	13	
Legal Advertising	-	-	-	89	-	-	-	-	-	-	-	-	89	
Other Current Charges	114	94	154	132	-	-	-	-	-	-	-	-	494	
Property Taxes	-	1,110	-	-	-	-	-	-	-	-	-	-	1,110	
Office Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total Expenditures	$ 10,325	$  4,850	$  4,836	$  16,505	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  36,516	

Excess (Deficiency) of Revenues o	$  (9,615)	$	5,539	$ 35,972	$ (10,789)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	21,108	

Net Change in Fund Balance	$ (9,615)	$  5,539	$ 35,972	$ (10,789)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  21,108	

Page 5

Botaniko	
Community Development District	
Long Term Debt Report	

	

	

	

	

Special Assessment Bonds, Series 2020

Original Issue Amount:	$7,640,000.00

Term 1:	$800,000.00	
Interest Rate:	2.88%	
Maturity Date:	May 1, 2025

Term 2:	$1,130,000.00
Interest Rate:	3.25%
Maturity Date:	May 1, 2031

Term 3:	$2,195,000.00
Interest Rate:	3.63%
Maturity Date:	May 1, 2040

Term 4:	$3,515,000.00
Interest Rate:	4.00%
Maturity Date:	May 1, 2050

Reserve Fund Definition	50% of Maximum Annual Debt Service Reserve Fund Requirement		$214,669
Reserve Fund Balance	214,669

Bonds Outstanding - 2/14/2020	$7,640,000
Less: Principal Payment - 5/1/21	($150,000)
Less: Principal Payment - 5/1/22	($155,000)
Less: Principal Payment - 5/1/23	($160,000)
Less: Principal Payment - 5/1/24	($165,000)
Less: Principal Payment - 5/1/25	($170,000)

Current Bonds Outstanding	$6,840,000	

Page 6

Botaniko
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Broward County Fiscal Year 2026

 Summary		Gross Assessments		
	$	79,787.50	$	456,741.66	$	536,529.16	
					Net Assessments	$	75,000.25	$	429,337.16	$	504,337.41	
ON ROLL ASSESSMENTS				
					allocation in %	14.87%	85.13%	100.00%	
Date	Gross Amount	Discount/ (Penalty)	Commission	Interest	Net Receipts	O&M Portion	2020
Debt Service	Total	

10/24/25	
-	
-	
-	
177.15	
177.15	
177.15	
-	
177.15	
11/21/25	40,715.69	1,564.57	391.51	-	38,759.61	10,389.07	28,370.54	38,759.61	
12/05/25	94,345.86	3,773.78	905.71	-	89,666.37	12,739.47	76,926.90	89,666.37	
12/19/25	162,500.98	6,434.09	1,560.68	-	154,506.21	28,069.07	126,437.14	154,506.21	
01/02/26	24,552.47	704.64	238.48	-	23,609.35	4,143.15	19,466.20	23,609.35	
01/16/26	14,555.89	436.68	141.19	-	13,978.02	1,389.78	12,588.24	13,978.02	
01/23/26	-	-	-	182.84	182.84	182.84	-	182.84	
TOTAL	$	336,670.89	$	12,913.76	$	3,237.57	$	359.99	$	320,879.55	$	57,090.53	$	263,789.02	$	320,879.55	

62.75%	Percent Collected	
$	199,858.27	Balance Remaining to Collect	

Page 7