Knightsbridge Community Development District Agenda November 18, 2024 AGENDA Knightsbridge Community Development District 219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526 November 11, 2024 Board of Supervisors Knightsbridge Community Development District Dear Board Members: The meeting of the Board of Supervisors of the Knightsbridge Community Development District will be held Monday, November 18, 2024 at 10:00 a.m., or as shortly thereafter as reasonably possible, at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, FL 33896. Following is the advance agenda for the regular meeting: 1. Roll Call 2. Public Comment Period 3. Organizational Matters A. Administration of Oaths of Office to Newly Elected Board Members B. Consideration of Resolution 2025-01 Canvassing and Certifying the Results of the Landowners’ Election C. Electing Officers D. Consideration of Resolution 2025-02 Electing Officers 4. Approval of Minutes of the October 21, 2024 Meeting 5. Ratification of Revised Proposal from Trace Air to Provide Drone Flyovers, Data Processing and Cloud Software Subscription Services 6. Consideration of Agreement with DiBartolomeo, McBee, Hartley & Barnes to Provide Auditing Services for the Fiscal Year 2024 7. Staff Reports A. Attorney B. Engineer i. Discussion of Pending Plat Conveyances ii. Status of Permit Transfers C. District Manager’s Report i. Approval of Check Register ii. Balance Sheet and Income Statement D. Field Manager’s Report 8. Other Business 9. Supervisor’s Requests 10. Adjournment The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me. Sincerely, George S. Flint George S. Flint District Manager Cc: Jan Carpenter, District Counsel Davie Reid, District Engineer Enclosures SECTION III SECTION B 1 RESOLUTION 2025-01 A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS’ ELECTION OF THE KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES WHEREAS, pursuant to Section 190.006(2), Florida Statute, a landowners’ meeting is required to be held within 90 days of the District’s creation and every two years following the creation of a Community Development District for the purpose of electing three (3) supervisors for the District; and WHEREAS, following proper notice of once a week for 2 consecutive weeks in a newspaper of general circulation in the area of the District, the last day of such publication to be not fewer than 14 days or more than 28 days before the date of the election, such landowners meeting was held on November 5, 2024, at which the below-recited persons were duly elected by virtue of the votes cast in their respective favor; and WHEREAS, the Board of Supervisors by means of this Resolution desire to canvas the votes and declare and certify the results of said election; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT: 1. The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as follows: Supervisor # of Votes Terms Michelle Dudley 57 4 Year Term Josmin Martinez 57 4 Year Term Steve Green 56 2 Year Term 2. The terms of office shall commence immediately upon the adoption of this Resolution: 2 Adopted this 18th day of November, 2024. Secretary/Assistant Secretary Chairman/Vice Chairman SECTION D RESOLUTION 2025-02 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Knightsbridge Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT: Section 1. is elected Chairperson. Section 2. is elected Vice-Chairperson. Section 3. is elected Secretary. Section 4. is elected Assistant Secretary. is elected Assistant Secretary. is elected Assistant Secretary. is elected Assistant Secretary. Section 5. is elected Treasurer. Section 6. is elected Assistant Treasurer. is elected Assistant Treasurer. Section 7. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 18th day of November, 2024. ATTEST: KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT _________________________________ ____________________________________ Secretary/Assistant Secretary Chairperson/Vice-Chairperson MINUTES MINUTES OF MEETING KNIGHTSBRIDGE COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Knightsbridge Community Development District was held Monday, October 21, 2024, at 10:00 a.m. at the Oasis Club at Champions Gate at 1520 Oasis Club Blvd., Champions Gate, Florida. Present and constituting a quorum were: Adam Morgan Chairman Rob Bonin Vice Chairman Steve Greene Assistant Secretary Josmin Martinez by phone Assistant Secretary Michelle Dudley Assistant Secretary Also present were: George Flint District Manager Kristen Trucco District Counsel Dave Reid by phone District Engineer Alan Scheerer Field Manager FIRST ORDER OF BUSINESS Roll Call Mr. Flint called the meeting to order and called the roll. Four Board members were present in person constituting a quorum. SECOND ORDER OF BUSINESS Public Comment Period Mr. Flint: Next is the public comment period, and we don’t have any public other than Board and staff. THIRD ORDER OF BUSINESS Approval of Minutes of the September 16, 2024 Meeting Mr. Flint: The next item is the approval of the minutes from September 16, 2024. Did the Board have any comments or questions? October 21, 2024 Knightsbridge CDD 2 On MOTION by Mr. Morgan, seconded by Mr. Greene, with all in favor, the Minutes of the September 16, 2024 Meeting, were approved. FOURTH ORDER OF BUSINESS Ratification of Series 2024 Requisitions #4 – #5 Mr. Flint: The next item is ratification of requisitions #4 and #5. Are there any questions on those requisitions? Mr. Morgan: No questions, I’ll make a motion to approve. On MOTION by Mr. Morgan, seconded by Ms. Dudley, with all in favor, the Series 2024 Requisitions #4 – #5, were ratified. FIFTH ORDER OF BUSINESS Consideration of Landscape Maintenance Agreement for Phases 1 & 2 with Frank Polly Sod & Landscape Mr. Scheerer: We included both Phases 1 & 2 this way we don’t have to come back to the Board later once everything comes online for Phase 2. Both numbers are what is in our budget for 2025. Obviously, we are doing just the work in Phase 1 right now. The hurricane left us with a lot of dirt in the road which I think Mark took care of pretty quickly. We had a handful of trees down and some standing water in the volleyball court and playground but that seems to have drained away pretty quickly. I can answer any questions you might have on the contract, but it is what is in our budget for this year. On MOTION by Mr. Morgan, seconded by Ms. Dudley, with all in favor, the Landscape Maintenance Agreement for Phases 1 & 2 with Frank Polly Sod & Landscape, was approved. *Ms. Martinez joined the meeting via phone at this time. SIXTH ORDER OF BUSINESS Consideration of Proposal from Trace Air to Provide Drone Flyovers, Data Processing and Cloud Software Subscription Services Mr. Flint: I asked the Board to defer action on the Trace Air proposal. We will defer that to the next meeting. SEVENTH ORDER OF BUSINESS Staff Reports A. Attorney October 21, 2024 Knightsbridge CDD 3 Mr. Flint: Staff reports, Kristen. Ms. Trucco: The only update I have since the last Board meeting is regarding the deed that the CDD recorded for a portion of Golden Knight Boulevard to the City of Kissimmee. The property appraiser came back and said there was an issue with the legal description there so we drafted a quit claim deed from the Sabeti’s to the CDD and it appears that portion of Golden Knight Blvd that needs to be deeded to the city is still owned by the Sabeti’s actually so we have been working with a Lennar representative in order to get that deed signed by the Sabeti’s which we are anticipating that to come in this week. I just ask for a motion to ratify my actions to date to try to rectify that. On MOTION by Mr. Morgan, seconded by Mr. Greene, with all in favor, Ratifying District Counsel’s Actions to Clean up Golden Knight Blvd, was approved. Ms. Trucco: Once that is complete, we will bring the quit claim deed that is recorded back to the Board for further ratification. That is all I have unless you have any questions for me. B. Engineer i. Discussion of Pending Plat Conveyances ii. Status of Permit Transfers Mr. Flint: Engineer? Mr. Reid: I don’t have anything new. I am looking at the agenda here and will check on the permit transfer that would be for Phase 1 South Florida only. Is that correct? Mr. Morgan: That is correct. Mr. Reid: Okay. C. District Manager’s Report i. Approval of Check Register Mr. Flint: You have approval of the check register from September 4th through October 7th. Any comments or questions on this? Mr. Morgan: My question is why did we cut a check for $3,900 to Hartford Terrace CDD? Mr. Flint: It looks like we must have needed to reimburse them for some reason. I will have to get the answer to that. October 21, 2024 Knightsbridge CDD 4 On MOTION by Mr. Morgan, seconded by Mr. Greene, with all in favor, the Check Register was approved, in substantial form. ii. Balance Sheet and Income Statement Mr. Flint: We also have the balance sheet and income statement. Any questions on that? Ms. Dudley: What is the delay on the developer contributions? The prorated budget is a lot more than the received actuals. Mr. Flint: The developer contributions are there and if we need it, we draw against it. It is there to be able to balance the expenses and we budget a full year on a lot of those line items. If we are not maintaining for a full year, we don’t incur the expense so we don’t need to submit a funding request. Ms. Dudley: When you are doing the budget, do you try to get that as close as what you think is actually going to happen? Mr. Flint: It depends if the budget is a build out budget out then we will balance it with a developer contribution. If the budget only includes the phases that we think we are going to maintain that year, then that number would be closer. Ms. Dudley: Okay. Mr. Flint: In this case we have a build out budget and based on proposed development, we are not sure when certain things are going to come online so we just balance it that way. Ms. Dudley: Understood. Mr. Flint: Any other questions on the financials? D. Field Manager’s Report Mr. Flint: Field Manager’s Report. Mr. Scheerer: I think I inadvertently drifted into some of that during the Frank Polly approval. We did very well with the hurricane. Like I said, we had some standing water in the volleyball court area and playground area. It seems to have drained pretty good so far. I know Mark had a handful of trees that needed to be stood back up along with some stuff he did on the road cleaning up some of the mud and dirt that ended up on the road itself from what Mark told me. The other thing, I just want to ask a question. I have a plat; the Phase 1 plat doesn’t say it but Phase 2 plat says it. I received a phone call from a resident asking about street trees in front of his home. The Phase 2 plat clearly states that the homeowner is responsible for the trees in the right October 21, 2024 Knightsbridge CDD 5 of way between the sidewalk and curb. Is there anything contrary to that, that the Board is aware of? Mr. Bonin: No, what is the concern? Mr. Scheerer: We have a tree down between the sidewalk and curb in front of his house. He is asking the CDD to do it. The HOA said it wasn’t them so they referred him to me but I checked the plats. One plat specifically says that residential lots are responsible for the trees in the right of way. Ms. Dudley: It should be uniform throughout the community for sure. Mr. Scheerer: That is going to be my response to the resident. I will talk to the HOA manager as well. Mr. Morgan: Are there a lot of trees down like that? Mr. Scheerer: No. That is all I have. Mr. Bonin: What is the status on that drain being uncovered? Who put the sidewalk over the drain because I am not paying to do that. Ms. Dudley: It has to do with the civil plans and the staking so it did manage to make its way there because it was such a tight turn. I did ask Jody to uncover it but have not heard from him on that. Barry spoke to him about it as well. Mr. Bonin: Did Jody put it over top of it? Ms. Dudley: Yes. Mr. Bonin: Do they not have the plans? Ms. Dudley: They do have the plans but. Mr. Bonin: They have the plans. They have got plans and they have got visual, they can’t be putting sidewalks on top of drains and then expecting me to pay to fix that. Ms. Dudley: If the drain is slightly off and it ended up underneath the sidewalk, that could be a part of it. Mr. Bonin: Do you know that for a fact? Ms. Dudley: I just received the staking as-builts. Mr. Bonin: At a minimum also we pay them to not be ignorant of knowing they are putting together hardscaping items to be able to construct an area that drains and maintains properly, there is supposed to be a drain in there and they see it on the plans. They have got to either know that October 21, 2024 Knightsbridge CDD 6 they are not putting their work on top of a drain but also be on the look out for where that drain is supposed to be. Ms. Dudley: Considering the drain is 3 ft. buried with just dirt from just washout and stuff like that, I am not surprised this happened. Mr. Bonin: Okay, well that is not my problem. They have to take ownership in when they construct that to not install their work on top of other work. That is minimum expectation. Mr. Morgan: Common sense. Ms. Dudley: Yes, but like I said if it was staked out and they are following the stakes and it did end up crossing over the top of that drain and the drain happens to be in the wrong spot that could be part of it as well. Ms. Martinez: Where does it drain? Ms. Dudley: It drains into one of the ponds. Mr. Morgan: It drains to the playground area. Mr. Bonin: But more importantly, it collects a huge area of water that now doesn’t have a place to go and is ponding in multiple spots because it doesn’t have a low spot to get to. Mr. Morgan: That other inlet that borders Phase 1 & 2 is clogged. I haven’t had a chance to clean it yet. Ms. Dudley: It should just be a service clog. Mr. Morgan: I am going to have to go in from the street on Phase 1. Ms. Dudley: You cleaned that one recently. Mr. Bonin: When is Kirkland starting Phase 2? Ms. Dudley: They are doing a walk sometime this week. Mr. Bonin: When is he putting up the fence? Ms. Dudley: I don’t know, we have been discussing that. They can’t start until the water meters are in. Mr. Bonin: Can’t order water meters? Ms. Dudley: No, I can’t order water meters until I have partial clearance. Mr. Morgan: Let’s not drift off CDD business. We can talk about water meters later. Ms. Dudley: It is in CDD area. Mr. Flint: Anything else Alan? Mr. Scheerer: No sir. October 21, 2024 Knightsbridge CDD 7 EIGHTH ORDER OF BUSINESS Other Business Mr. Flint: Is there any other business or supervisor’s requests? NINTH ORDER OF BUSINESS Supervisor’s Requests There being no comments, the next item followed. TENTH ORDER OF BUSINESS Adjournment Mr. Morgan: I make a motion to adjourn. On MOTION by Mr. Morgan, seconded by Mr. Greene, with all in favor, the meeting was adjourned. Secretary/Assistant Secretary Chairman/Vice Chairman SECTION V 1700 Westlake Ave N, Suite 200, Seattle, WA 98109 209-318-1999 www.traceair.net October 21, 2024 George S. Flint Governmental Management Services - Central Florida, LLC 219 East Livingston Street, Orlando, FL, 32801 (407) 841-5524 gflint@gmscfl.com Subject: Knightsbridge Flight Acreage: 157 +/- Fee estimate for drone flyovers, data processing, and cloud software subscription (Oct 2024 - Mar 2025). We are happy to begin services to track construction progress for this project on the following terms. Access to each project within the software is included for 60 days after the final scan date. This 60-day period restarts with contract extensions and renewals. Read-only software extensions are available. Contact your Account Executive for more details. Start and end dates are approximates. If services are delayed for any reason, this agreement automatically extends in duration to account for the quantities agreed herein. TraceAir reserves the right to revise service fees upon requested change(s) to the project monitoring area. Service (See Descriptions Below) Frequency Price Quantity Subtotal Gold Scans Oct 21, 2024 – Mar 31, 2025 Bi-Weekly $1,275.64 11 $14,032.04 Estimated Total Cost: $14,032.04 USD Initials: \initial2\ Initials: \initial1\ Docusign Envelope ID: 8AE6AE17-7923-4573-B0AF-582ABE826B3A 1700 Westlake Ave N, Suite 200, Seattle, WA 98109 209-318-1999 www.traceair.net Initials: \initial2\ Initials: \initial1\ Billing Contact: \wb2 {"apiName":"Billing_Contact__c"}\ Email: \wb2 {"apiName":"Billing_Email__c"}\ PO/Project Number: \wb2 {"apiName":"Purchase_Order__c"}\ Product Descriptions Service Scope Gold Scans – Drone flyover. Processing of photos and geo-referencing to create an ortho-photo & digital elevation model. Includes hosting, software and support. Important to note: Flight markers are required for the geo-referenced sites. The measurements (X, Y, & Z coordinates) and maintenance of these can be conducted by the grading contractor or surveyor at the customer’s expense. QA/QC: vertical accuracy assessment and report per each scan. One 360 panorama per scan (location on customer’s choice). Docusign Envelope ID: 8AE6AE17-7923-4573-B0AF-582ABE826B3A 1700 Westlake Ave N, Suite 200, Seattle, WA 98109 209-318-1999 www.traceair.net By signing below both parties agree to the Terms & Conditions. Agreed, \signature1\ Will Johnson Head of Sales, TraceAir Technologies \signature2\ George S. Flint Governmental Management Services - Central Florida, LLC \attachment2 {"label":"Attachment"}\ Docusign Envelope ID: 8AE6AE17-7923-4573-B0AF-582ABE826B3A 1700 Westlake Ave N, Suite 200, Seattle, WA 98109 209-318-1999 www.traceair.net Boundary Image Docusign Envelope ID: 8AE6AE17-7923-4573-B0AF-582ABE826B3A SECTION VI DMHB DMHB DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A. CERTIFIED PUBLIC ACCOUNTANTS September 25, 2024 Knightsbridge Community Development District Board of Supervisors We are pleased to confirm our understanding of the services we are to provide Knightsbridge Community Development District, (“the District”) for the fiscal years ended September 30, 2024. Audit Scope and Objectives We will audit the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information, and the disclosures, which collectively comprise the basic financial statements of the District as of and for the years ended September 30, 2024. Accounting standards generally accepted in the United States of America (GAAP) provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District‘s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement we will apply certain limited procedures to the District‘s RSI in accordance with auditing standards generally accepted in the United States of America (GAAS). These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient appropriate evidence to express an opinion or provide any assurance. The following RSI is required by GAAP and will be subjected to certain limited procedures, but will not be audited. 1. Management’s Discussion and Analysis 2. Budgetary comparison schedule The objectives of our audit are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error; issue an auditor’s report that includes our opinion about whether your financial statements are fairly presented, in all material respects, in conformity with GAAP; and report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment of a reasonable user made based on the financial statements. Auditor’s Responsibilities for the Audit of the Financial Statements We will conduct our audit in accordance with GAAS and will include tests of your accounting records and other procedures we consider necessary to enable us to express such opinions. As part of an audit in accordance with GAAS, we exercise professional judgment and maintain professional skepticism throughout the audit. We will evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management. We will also evaluate the overall presentation of the financial statements, including the disclosures, and determine whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. 2222 Colonial Road, Suite 200. Fort Pierce, Florida 34950.772-461-8833 . Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., .Port St. Lucie, Florida 34984.772-878-1952.Fax: 772-878-1709 Member AICPA Member AICPA Division for CPA Firms Member FICPA Private Company Practice Section WWW.DMHBCPA.NET Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is an unavoidable risk that some material misstatements may not be detected by us, even though the audit is properly planned and performed in accordance with GAAS. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. However, we will inform the appropriate level of management of any material errors, fraudulent financial reporting, or misappropriation of assets that comes to our attention. We will also inform the appropriate level of management of any violations of laws or governmental regulations that come to our attention, unless clearly inconsequential. Our responsibility as auditors is limited to the period covered by our audit and does not extend to any later periods for which we are not engaged as auditors. We will also conclude, based on the audit evidence obtained, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the government’s ability to continue as a going concern for a reasonable period of time. Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of inventories, and direct confirmation of receivables and certain assets and liabilities by correspondence with selected customers, creditors, and financial institutions. We will also request written representations from your attorneys as part of the engagement. We may, from time to time and depending on the circumstances, use third-party service providers in serving your account. We may share confidential information about you with these service providers but remain committed to maintaining the confidentiality and security of your information. Accordingly, we maintain internal policies, procedures, and safeguards to protect the confidentiality of your personal information. In addition, we will secure confidentiality agreements with all service providers to maintain the confidentiality of your information and we will take reasonable precautions to determine that they have appropriate procedures in place to prevent the unauthorized release of your confidential information to others. In the event that we are unable to secure an appropriate confidentiality agreement, you will be asked to provide your consent prior to the sharing of your confidential information with the third-party service provider. Furthermore, we will remain responsible for the work provided by any such third-party service providers. Our audit of the financial statements does not relieve you of your responsibilities. Audit Procedures—Internal Control We will obtain an understanding of the government and its environment, including internal control relevant to the audit, sufficient to identify and assess the risks of material misstatement of the financial statements, whether due to error or fraud, and to design and perform audit procedures responsive to those risks and obtain evidence that is sufficient and appropriate to provide a basis for our opinions. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal control. An audit is not designed to provide assurance on internal control or to identify deficiencies in internal control. Accordingly, we will express no such opinion. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards. Audit Procedures—Compliance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, and agreements. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion. Other Services We will also prepare the financial statements of Knightsbridge Community Development District in conformity with accounting principles generally accepted in the United States of America based on information provided by you. - 2 We will perform the services in accordance with applicable professional standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities. You agree to assume all management responsibilities for the financial statement preparation services and any other nonattest services we provide; oversee the services by designating an individual, preferably from senior management, with suitable skill, knowledge, or experience; evaluate the adequacy and results of the services; and accept responsibility for them. Responsibilities of Management for the Financial Statements Our audit will be conducted on the basis that you acknowledge and understand your responsibility for designing, implementing, and maintaining internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, including monitoring ongoing activities; for the selection and application of accounting principles; and for the preparation and fair presentation of the financial statements in conformity with accounting principles generally accepted in the United States of America with the oversight of those charged with governance. Management is responsible for making information available for the drafting of financial statements, all financial records, and related information available to us and for the accuracy and completeness of that information (including information from outside of the general and subsidiary ledgers). You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, identification of all related parties and all related-party relationships and transactions, and other matters; (2) additional information that we may request for the purpose of the audit; and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence. At the conclusion of our audit, we will require certain written representations from you about the financial statements and related matters. Your responsibilities include adjusting the financial statements to correct material misstatements and confirming to us in the management representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements of each opinion unit taken as a whole. You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws and regulations. You are responsible for the preparation of the supplementary information in conformity with accounting principles generally accepted in the United States of America (GAAP). You agree to include our report on the supplementary information in any document that contains, and indicates that we have reported on, the supplementary information. You also agree to include the audited financial statements with any presentation of the supplementary information that includes our report thereon. Your responsibilities include acknowledging to us in the representation letter that (1) you are responsible for presentation of the supplementary information in accordance with GAAP; (2) you believe the supplementary information, including its form and content, is fairly presented in accordance with GAAP; (3) the methods of measurement or presentation have not changed from those used in the prior period (or, if they have changed, the reasons for such changes); and (4) you have disclosed to us any significant assumptions or interpretations underlying the measurement or presentation of the supplementary information. - 3 Engagement Administration, Fees, and Other We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing. Subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of DiBartolomeo, McBee, Hartley & Barnes, P.A. personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. We will complete the audit within prescribed statutory deadlines, with the understanding that your employees will provide information needed to perform the audit on a timely basis. The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation. Jim Hartley is the engagement partner and is responsible for supervising the engagement and signing the report or authorizing another individual to sign it. Our fees for these services are not to exceed $3,000 for the year ending 2024, subsequent years as outlined in our RFP and annual renewals subject to mutual agreement by both parties. The fee estimate is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary or if additional Bonds are issued, we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket expenditures through the date of termination. Either party may unilaterally terminate this agreement, with or without cause, upon thirty (30) days written notice. Upon any termination of this Agreement, the District will pay all invoices for services rendered prior to the date of the notice of termination but subject to any offsets that the District may have. Pursuant to Section 218.391, Florida Statutes, all invoices for fees or other compensation must be submitted in sufficient detail to demonstrate compliance with the terms of this engagement. We shall take all necessary steps to ensure that the audit is completed in a timely fashion so that the financial reports and audits may be approved by the District’s Board of Supervisors within 180 days after the end of the fiscal year under review. We agree and understand that Chapter 119, Florida Statutes, may be applicable to documents prepared in connection with the services provided hereunder and agree to cooperate with public record requests made there under. In connection with this Agreement, we agree to comply with all provisions of Florida’s public records laws, including but not limited to Section 119.0701, Florida Statutes, the terms of which are incorporated herein. Among other requirements, we will: a. Keep and maintain public records required by the District to perform the service. b. Upon request from the District’s custodian of public records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes or as otherwise provided by law. c. Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the Agreement if the auditor does not transfer the records to the District. - 4 d. Upon completion of this Agreement, transfer, at no cost, to the District all public records in possession of the auditor or keep and maintain public records required by the District to perform the service. If the auditor transfers all public records to the District upon completion of this Agreement, the auditor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the auditor keeps and maintains public records upon completion of the Agreement, the auditor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District’s custodian of public records, in a format that is compatible with the information technology systems of the District. Reporting We will issue a written report upon completion of our audit of Knightsbridge Community Development District’s financial statements. Our report will be addressed to the Board of Supervisors of the District. Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to modify our opinions, add a separate section, or add an emphasis-of-matter or other-matter paragraph to our auditor’s report, or if necessary, withdraw from this engagement. If our opinions are other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we may decline to express opinions or withdraw from this engagement. We appreciate the opportunity to be of service to Knightsbridge Community Development District and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the attached copy and return it to us. DiBartolomeo, McBee, Hartley & Barnes, P.A. RESPONSE: This letter correctly sets forth the understanding of Knightsbridge Community Development District. Management signature: _______________________________ Title: ______________________________________________ Date: ______________________________________________ - 5 SECTION VII SECTION C SECTION 1 Fund Date Check No.'s Amount General Fund 1100//2215//2244 979-1600 $$ 25,,673379..1938 Total Amount $ 8,377.11 CommuniKtyn Digehvtesblorpidmgeent District Summary of Check Register Octomber 8, 2024 to November 4, 2024 AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 11/11/24 PAG E *** CHECK DATES 10/08/2024 - 11/04/2024 *** KNIGHTSBRIDGE - GENERAL FUND CHECK VEND# DATE 10/21/24 00001 BANK A GENERAL FUND .....INVOICE..... ...EXPENSED TO... VENDOR NAME STATUS AMOUNT ....CHECK.... . DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS 10/01/24 39 202410 310-51300-34000 MANAGEMENT FEES OCT24 10/01/24 39 202410 310-51300-35200 WEBSITE ADMIN OCT24 10/01/24 39 202410 310-51300-35100 INFORMATION TECH OCT24 10/01/24 39 202410 310-51300-31300 DISSEMINATION SVCS OCT24 10/01/24 39 202410 310-51300-51000 OFFICE SUPPLIES OCT24 10/01/24 39 202410 310-51300-42000 POSTAGE OCT24 10/01/24 39 202410 310-51300-42500 COPIES OCT24 10/01/24 40 202410 320-53800-34000 FIELD MANAGEMENT OCT24 AMOUNT # * 3,541.67 * 105.00 * 157.50 * 583.33 * .21 * 37.37 * 2.40 * 1,312.50 GOVERNMENTAL MANAGEMENT SERVICES-5,739.98 000096 10/25/24 00005 10/01/24 91579 202410 310-51300-54000 * 175.00 SPECIAL DISTRICT FEE FY25 DEPARTMENT OF ECONOMIC OPPORTUNITY 175.00 000097 10/25/24 00003 10/15/24 131303 202409 310-51300-31500 * 1,657.41 GENERAL COUNSEL SEP24 LATHAM, LUNA, EDEN & BEAUDINE LLP 1,657.41 000098 10/25/24 00008 10/21/24 23MMS072 202409 310-51300-31100 * 513.97 GENERAL ENGINEERING SEP24 MADDEN, MOORHEAD & STOKES LLC 513.97 000099 10/25/24 00002 9/30/24 10122439 202409 310-51300-48000 * 290.75 NOT BOS MEETING DATES TRIBUNE PUBLISHING COMPANY LLC DBA 290.75 000100 TOTAL FOR BANK A 8,377.11 TOTAL FOR REGISTER 8,377.11 KNIB KNIGHTSBRIDGE ZYAN SECTION 2 Knightsbridge Community Development District Unaudited Financial Reporting October 31, 2024 1 2-3 45 6-7 8 Month to Month Capital Projects Fund Table of Contents Balance Sheet General Fund Debt Service Fund Series 2024 Long Term Debt Schedule Knightsbridge Community Development District Combined Balance Sheet October 31, 2024 General Debt Service Capital Projects Total Fund Fund Fund Governmental Funds ICADDnasuuSOvsseeepehICCRRer nsffe:eeootitrrtesrssvnmeooas:etesmmr terto2neirvnn fs0uuCDe tgtI2ecsaes t4A:psviuoceitcnalaoonlpucenert $$$$$$$$ 3 635 ,,, 008 -----011629 $$$$$$$$ 12 06 28 ,, 051 -----260696 $$$$$$$$ 2 03 ,, 671 -----000746 $$$$$$$$ 12 06 23 280935 ,,,,,, 056708112601110069072966 Total Assets $ 44,837 $ 370,701 $ 24,417 $ 439,955 Liabilities: CADocucneot utroan ctGtsse P nPaeayryaaalb bFleluend $$$ 5 , 1 --30 $$$ --- $$$ 33 ,, 78 -0149 $$$ 335,,,178013049 Total Liabilites $ 5,130 $ - $ 7,523 $ 12,653 Fund Balance: RUNeonCDDsnaaeetssrpbpspiictoiteg tsaSenniletd desPr:d avrabioncljedee:c Ptsrepaid Items $$$$ 3 63 ,, 07 --0061 $$$$ 3 7 0 , 7 ---01 $$$$ 1 6 , 8 ---94 $$$$ 3 7 13 0663,,,,708700901461 Total Fund Balances $ 39,707 $ 370,701 $ 16,894 $ 427,302 Total Liabilities & Fund Balance $ 44,837 $ 370,701 $ 24,417 $ 439,955 1 Knightsbridge Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending October 31, 2024 Adopted Budget PTrhorrua t1e0d/ B3u1d/g2e4t ThruA 1c0tu/a3l1/24 Variance Revenues: ADsesveeslsompeenr tCsontributions $$ 125714,,061757 $$ 2 8 , 4 -39 $$ 2 8 , 4 -39 $$ -- Total Revenues $ 425,692 $ 28,439 $ 28,439 $ - Expenditures: General & Administrative: Supervisor Fees 12,000 $ 1,000 $ 1,200 $ (200) $ FICA Expenditures 918 $ 77 $ 92 $ (15) $ Engineering 10,000 $ 833 $ - $ 833 $ Attorney 20,000 $ 1,667 $ - $ 1,667 $ Annual Audit 5,000 $ - $ - $ - $ Assessment Administration 5,250 $ 5,250 $ 5,250 $ - $ Arbitrage 900 $ - $ - $ - $ Dissemination 7,000 $ 583 $ 583 $ 0 $ Trustee Fees 8,142 $ - $ - $ - $ Management Fees 42,500 $ 3,542 $ 3,542 $ - $ Information Technology 1,890 $ 158 $ 158 $ - $ Website Maintenance 1,260 $ 105 $ 105 $ - $ Telephone 300 $ 25 $ - $ 25 $ Postage & Delivery 1,000 $ 83 $ 37 $ 46 $ Insurance 5,750 $ 5,750 $ 5,408 $ 342 $ Copies 1,000 $ 83 $ 2 $ 81 $ Legal Advertising 8,700 $ 725 $ - $ 725 $ Other Current Charges 2,500 $ 208 $ 40 $ 168 $ Office Supplies 625 $ 52 $ 0 $ 52 $ Travel Per Diem 660 $ 55 $ - $ 55 $ Dues, Licenses & Subscriptions 175 $ 175 $ 175 $ - $ Total General & Administrative 135,570 $ 20,371 $ 16,593 $ 3,778 $ 2 Knightsbridge Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending October 31, 2024 Adopted Budget PTrhorrua t1e0d/ B3u1d/g2e4t ThruA 1c0tu/a3l1/24 Variance Operations & Maintenance Field Expenditures Property Insurance 10,000 $ 833 $ - $ 833 $ Field Management 15,750 $ 1,313 $ 1,313 $ - $ Landscape Maintenance 119,700 $ 9,975 $ - $ 9,975 $ Landscape Replacement 10,000 $ 833 $ 5,130 $ (4,297) $ Pond Maintenance 10,608 $ 884 $ - $ 884 $ Streetlights 53,064 $ 4,422 $ - $ 4,422 $ Electric 10,000 $ 833 $ 41 $ 792 $ Water 30,000 $ 2,500 $ 2,213 $ 287 $ Sidewalk & Asphalt Maintenance 10,000 $ 833 $ - $ 833 $ Irrigation Repairs 6,000 $ 500 $ - $ 500 $ General Repairs & Maintenance 5,000 $ 417 $ - $ 417 $ Stormwater Maintenance 5,000 $ 417 $ - $ 417 $ Field Contingency 5,000 $ 417 $ - $ 417 $ Total Operations & Maintenance 290,122 $ 24,177 $ 8,697 $ 15,480 $ Total Expenditures 425,692 $ 44,548 $ 25,290 $ 19,258 $ Excess (Deficiency) of Revenues over Expenditures - $ 3,149 $ Fund Balance - Beginning - $ 36,557 $ Fund Balance - Ending - $ 39,707 $ 3 Community Development District Debt Service Fund Series 2024 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending October 31, 2024 Adopted Budget PTrhorrua t1e0d/ B3u1d/g2e4t ThruA 1c0tu/a3l1/24 Variance Revenues: IAnstseersessmtents $$ 4 1 6 , 512307 $$ - 43 $$ 9 -70 $$ 9 -27 Total Revenues $ 416,657 $ 43 $ 970 $ 927 Expenditures: Series 2024 IIPTnnrottiteenarrclee iEpssttxa --pl 16e- /2n61/d/151it5u5res $$$$ 114 91660113,,,,068803370366 $$$$ ---- $$$$ ---- $$$$ ---- Excess (Deficiency) of Revenues over Expenditures $ 2,984 $ 970 Other Financing Sources/(Uses): Transfer In/(Out) $ - $ - $ (861) $ (861) Total Other Financing Sources/(Uses) $ - $ - $ (861) $ (861) Net Change in Fund Balance $ 2,984 $ 109 Fund Balance - Beginning $ 162,875 $ 370,592 Fund Balance - Ending $ 165,860 $ 370,701 Knightsbridge 4 Knightsbridge Community Development District Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending October 31, 2024 Adopted Budget PTrhorrua t1e0d/ B3u1d/g2e4t ThruA 1c0tu/a3l1/24 Variance Revenues: Interest $ - $ - $ 19,746 $ 19,746 Total Revenues $ - $ - $ 19,746 $ 19,746 Expenditures: Capital Outlay $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - Excess (Deficiency) of Revenues over Expenditures $ - $ 19,746 Other Financing Sources/(Uses): Transfer In/(Out) $ - $ - $ 861 $ 861 Total Other Financing Sources/(Uses) $ - $ - $ 861 $ 861 Net Change in Fund Balance $ - $ 20,607 Fund Balance - Beginning $ - $ (3,713) Fund Balance - Ending $ - $ 16,894 5 Knightsbridge Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total ADRseesvveeeslnsomupeeesnr: tCsontributions $$ 2 8 ,4 3 9 - $$ -- $$ -- $$ -- $$ -- $$ -- $$ -- $$ -- $$ -- $$ -- $$ -- $$ -- $$ 2 8 , 4 3 9 - Total Revenues $ 28,439 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 28,439 Expenditures: General & Administrative: Supervisor Fees 1,200 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1,200 $ FICA Expenditures 92 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 92 $ Engineering - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Attorney - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Annual Audit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Assessment Administration 5,250 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 5,250 $ Arbitrage - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Dissemination 583 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 583 $ Trustee Fees - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Management Fees 3,542 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,542 $ Information Technology 158 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 158 $ Website Maintenance 105 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 105 $ Telephone - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Postage & Delivery 37 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 37 $ Insurance 5,408 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 5,408 $ Printing & Binding 2 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 2 $ Legal Advertising - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Other Current Charges 40 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 40 $ Property Appraiser - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Office Supplies 0 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0 $ Travel Per Diem - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Dues, Licenses & Subscriptions 175 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 175 $ Total General & Administrative 16,593 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 16,593 $ Month to Month 6 Knightsbridge Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total Month to Month Operations & Maintenance Field Expenditures Property Insurance - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Field Management 1,313 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1,313 $ Landscape Maintenance - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Landscape Replacement 5,130 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 5,130 $ Pond Maintenance - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Streetlights - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Electric 41 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 41 $ Water 2,213 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 2,213 $ Sidewalk & Asphalt Maintenance - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Irrigation Repairs - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ General Repairs & Maintenance - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Stormwater Maintenance - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Field Contingency - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Total Operations & Maintenance 8,697 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 8,697 $ Total Expenditures 25,290 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 25,290 $ Excess Revenues (Expenditures) 3,149 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,149 $ 7 Knightsbridge Community Development District Long Term Debt Report INTEREST RATE: 4.330%, 5.200%, 5.520% MATURITY DATE: 6/15/2054 RESERVE FUND DEFINITION 50% MAXIMUM ANNUAL DEBT SERVICE RESERVE FUND REQUIREMENT $208,069 RESERVE FUND BALANCE $208,069 BONDS OUTSTANDING - 12/15/24 $6,175,000 CURRENT BONDS OUTSTANDING $6,175,000 SERIES 2024, SPECIAL ASSESSMENT REVENUE BONDS 8