Quail Roost
Community Development District (Galiano Pointe)
June 12, 2026

Seat 1: Teresa Baluja – C.		
Seat 4: Carmen Orozco – V.C.		
Seat 3: Raisa Krause – A.S.		
Seat 5: Vanessa Perez – A.S.		
Seat 2: Lilibeth Hauck – A.S.		

Quail Roost
Community Development District
Agenda

Friday	The Offices of Lennar Homes
June 12, 2026	5505 Waterford District Drive Miami, Florida 10:45a.m.		Join the meeting now
Meeting ID: 252 431 172 080 39 and Passcode: sc2dq2Jc
1 872-240-4685 and Phone Conference ID: 949 824 364#

Roll Call

Approval of Minutes of the April 10, 2026 Meeting – Page 4

Public Hearing to Adopt the Fiscal Year 2027 Budget – Page 7
Motion to Open the Public Hearing

Public Comment and Discussion

Consideration of Resolution #2026-05 Annual Appropriation Resolution – Page 19

Consideration of Resolution #2026-06 Levy of Non Ad Valorem Assessments – Page 22

Motion to Close the Public Hearing

Acceptance of Audit for Fiscal Year Ending in September 30, 2025 – Page 29

Staff Reports
Attorney

Engineer

Field – Monthly Report – Page 68

Manager
Consideration of Proposed Fiscal Year 2027 Meeting Schedule – Page 74

Form 1 Financial Disclosure Due July 1, 2026 – Page 75

Reminder to Complete Annual Ethics Training by December 31, 2026
Number of Registered Voters in the District – 573 – Page 78
Financial Reports
Acceptance of Check Register – Page 79
Acceptance of Unaudited Financials – Page 82
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.quailroostcdd.com

MINUTES OF MEETING QUAIL ROOST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of Quail Roost Community Development District was held on Friday, April 10, 2026, at 10:45 p.m. at the Offices of Lennar Homes, 5505 Waterford District Drive, Miami, Florida.
Present and constituting a quorum were:

Teresa Baluja	Chairperson
Raisa Krause	Assistant Secretary
Vanessa Perez	Assistant Secretary Also present were:
Ben Quesada	District Manager, GMS
Juliana Duque Hernandez	GMS
Mayra Padilla by Teams	GMS
Ginger Wald	District Counsel

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

SECOND ORDER OF BUSINESS	Approval of Minutes of the March 13,
2026 Meeting
Mr. Quesada: You have the March 13, 2026 minutes. Are there any comments or corrections? Hearing no changes, I would ask for a motion to approve.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Minutes of the March 13, 2026 Meeting, were approved.

THIRD ORDER OF BUSINESS	Consideration of Resolution #2026-04
Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing

Mr. Quesada: Item 3 is consideration of Resolution #2026-04 approving the proposed Fiscal Year 2027 budget and setting the public hearing. A quick recap before we jump into that, last year we had the FPL street lighting that was covered under developer contributions which will be going on the roll this year. The introduction of Phase 1 of stormwater maintenance, some administrative fees, like field management, did go up. We wanted to make an adjustment to the wall reserve and engineering. There is also the landscaping of the second annexed area, which we're looking at increasing only area two, the first expansion area. If you go to the assessment table, it's on page 19, the total annual increase would be $368.43 for area two. 60 days from today would fall within the June 12th timeline, which I know there are some other meetings scheduled for. Does that work for everybody?
Ms. Baluja: That works.
Mr. Quesada: For the record, there is no audience joining us in person or virtually right now while we cover the budget. If there are no other questions, I would ask for a motion from the board to adopt Resolution #2026-04 approving the proposed Fiscal Year 2027 budget and setting the public hearing for June 12, 2026 at 10:45 a.m. Location is the offices at Lennar Homes, 5505 Waterford District Drive, Miami, Florida.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Resolution #2026-04 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing on June 12, 2026 at 10:45 a.m. at 5505 Waterford District Drive, was approved.

FOURTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Wald: Nothing to report today.

Engineer
Mr. Quesada: I have nothing to report under engineer.

Field – Monthly Report
Mr. Quesada: Marya, is there anything you wanted to share? Ms. Padilla: Nothing to report.
Mr. Quesada: Just one thing I wanted to point out, we're just monitoring the one perimeter wall now. We'll continue to look at it see how it can be spot treated with some stain removal but we're well funded to be able to take care of that for now.

Manager
Mr. Quesada: I have nothing additional to report.

FIFTH ORDER OF BUSINESS	Financial Reports
Acceptance of Check Register
Acceptance of Unaudited Financials
Mr. Quesada: Financial reports, are there any comments? If not a motion to accept the financials would be in order.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Accepting the Check Register and the Unaudited Financials, was approved.

SIXTH ORDER OF BUSINESS	Supervisors Requests and Audience
Comments
Mr. Quesada: For the record we have no one else in the audience with us today. Are there any Supervisor requests? Hearing no comments, we will move on to the next item.

SEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

Quail Roost	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1		General Fund	

2-3	
	Narratives	

4	
	Debt Service Fund Series 2018	

5	
	Series 2018 Amortization Schedule	

6	
	Debt Service Fund Series 2021	

7	
	Series 2021 Amortization Schedule	

8	
	Assessment Schedule 	

9	
	Debt Service Fund Series 2024	

10	
	Series 2024 Amortization Schedule	

Quail Roost	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$	179,149	$	176,026	$	3,124	$	179,149	$	242,151	
Interest Income	1,000	1,868	934	2,802	1,000	
Developer Contributions	20,381	17,130	8,565	25,695	23,451	
TOTAL REVENUES	$	200,530	$	195,023	$	12,623	$	207,646	$	266,601	
EXPENDITURES:						
Administrative						
Engineering	$	8,500	$	465	$	2,833	$	3,299	$	10,000	
Attorney	18,000	7,980	6,000	13,980	20,000	
Annual Audit	5,000	4,625	-	4,625	6,000	
Assessment Administration	5,000	5,000	-	5,000	5,000	
Arbitrage Rebate	1,100	550	550	1,100	1,650	
Dissemination Agent	3,210	2,140	1,070	3,210	3,210	
Trustee Fees	8,870	8,485	-	8,485	13,300	
Management Fees	29,660	19,773	9,887	29,660	32,000	
Website Maintenance	1,200	800	400	1,200	1,200	
Postage & Delivery	500	179	167	345	500	
Insurance General Liability	7,800	6,866	-	6,866	8,000	
Printing & Binding	100	2	33	35	100	
Legal Advertising	4,500	419	1,500	1,919	4,500	
Other Current Charges	300	565	282	847	1,000	
Office Supplies	50	-	17	17	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
1st Quarter Operating Reserve	-	-	18,674	18,674	18,817	
				-		
TOTAL ADMINISTRATIVE	$	93,965	$	58,023	$	41,413	$	99,437	$	125,502	
Operations & Maintenance						
Field Expenditures						
Landscape Maintenance - Phase I	$	46,800	$	31,200	$	15,600	$	46,800	$	46,800	
Landscape Maintenance - Annexed Areas	19,200	13,720	6,860	20,580	25,000	
Landscape Replacement	-	-	-	-	5,000	
Electric	27,000	17,130	8,565	25,695	27,000	
Field Management	6,869	4,579	2,290	6,869	12,000	
Contingencies	5,000	1,600	800	2,400	15,000	
Wall Maintenance	1,696	-	565	565	5,000	
Stormwater Maintenance	-	-	5,300	5,300	5,300	
TOTAL FIELD EXPENDITURES	$	106,565	$	68,229	$	39,980	$	108,210	$	141,100	
						
TOTAL EXPENDITURES	$	200,530	$	126,253	$	81,393	$	207,646	$	266,602	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	68,770	$	(68,770)	$	-	$	(1)	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	254,896	
	(12,745) 	
 $	242,151 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family (Galiano)	85	$	71,579.35	$	842.11	$	842.11	$	-	
Annexed Area						
Single Family 100'	100	$	84,211.00	$	473.68	$	842.11	$	368.43	
Single Family 50'	80	$	67,368.80	$	473.68	$	842.11	$	368.43	
Annexed Area II						
Single Family 50'	33	$	15,631.44	$	473.68	$	473.68	$	-	
Single Family 100'	34	$	16,105.12	$	473.68	$	473.68	$	-	
Total	332	$ 254,895.71				

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District to pay for the operating expenditures during the Fiscal Year.	
Developer Contributions	
It is presently anticipated that the District will enter into a Funding Agreement with the Developer to Fund a portion of the General
Fund expenditures for 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.
Arbitrage
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.
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 Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
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.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.
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
Internet and Wi-Fi services for the Office.

Expenditures - Administrative (continued)	
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.
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.
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 Florida Department of Commerce for $175.
Contingencies
A contingency for any unanticipated and unscheduled cost to the District.	
Expenditures – Field	

Landscape Maintenance
The District has a contract with Tony Nursery and Garden Company for the maintenance of the Common Areas within the district. Which includes grass cutting and edging.
Landscape Maintenance - Annexed Areas
The District has a contract with Tony Nursery and Garden Company for the maintenance of the Common Areas within the both expansion area. Which includes grass cutting and edging.
Landscape Replacements
The District will go into contract for the replacement of plants needed along the common areas.
Electric
FPL provides electricity for Common Area Lighting.
Contingencies
Represents any expenditures not mentioned above during the Fiscal Year.
Wall Maintenance
Represents any expenditures not mentioned above during the Fiscal Year.
Field Management
The District has a contract Governmental Management Services, South Florida, LLC for on-site management. The responsibilities include reviewing contracts and other maintenance related items.
Stormwater Maintenance
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Quail Roost	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2018 Special Assessment Refunding Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	134,613	$	133,013	$	1,599	$	134,613	$	134,613	
Interest Earnings	5,000	3,712	1,856	5,568	5,000	
Carry Forward Surplus (1)	104,934	104,851	-	104,851	112,159	

TOTAL REVENUES	$	244,547	$	241,576	$	3,455	$	245,032	$	251,772	

EXPENDITURES:

Interest - 12/15	$	44,904	$	44,904	$	-	$	44,904	$	43,969	
Principal - 12/15	44,000	44,000	-	44,000	46,000	
Interest - 06/15	43,969	-	43,969	43,969	42,991	

TOTAL EXPENDITURES	$	132,873	$	88,904	$	43,969	$	132,873	$	132,960	

EXCESS REVENUES (EXPENDITURES)	$	111,674	$	152,672	$	(40,513)	$	112,159	$	118,812	

Interest Due 12/15/27	$	42,991	
Principal Due 12/15/27	48,000	
	 $	90,991 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	141,698	
	(7,085) 	
 $	134,613 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family (Galiano)	85	$	141,697.55	$	1,667.03	$	1,667.03	$	-	

Total	85	$ 141,697.55	

Quail Roost	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/26	1,818,000	4.250%	46,000	43,969	133,937.50	
06/15/27	1,772,000	4.250%	-	42,991		
12/15/27	1,772,000	4.250%	48,000	42,991	133,982.50	
06/15/28	1,724,000	4.250%	-	41,971		
12/15/28	1,724,000	4.250%	50,000	41,971	133,942.50	
06/15/29	1,674,000	4.250%	-	40,909		
12/15/29	1,674,000	4.250%	52,000	40,909	133,817.50	
06/15/30	1,622,000	4.750%	-	39,804		
12/15/30	1,622,000	4.750%	55,000	39,804	134,607.50	
06/15/31	1,567,000	4.750%	-	38,498		
12/15/31	1,567,000	4.750%	57,000	38,498	133,995.00	
06/15/32	1,510,000	4.750%	-	37,144		
12/15/32	1,510,000	4.750%	60,000	37,144	134,287.50	
06/15/33	1,450,000	4.750%	-	35,719		
12/15/33	1,450,000	4.750%	63,000	35,719	134,437.50	
06/15/34	1,387,000	4.750%	-	34,223		
12/15/34	1,387,000	4.750%	66,000	34,223	134,445.00	
06/15/35	1,321,000	4.750%	-	32,655		
12/15/35	1,321,000	4.750%	69,000	32,655	134,310.00	
06/15/36	1,252,000	4.750%	-	31,016		
12/15/36	1,252,000	4.750%	72,000	31,016	134,032.50	
06/15/37	1,180,000	4.750%	-	29,306		
12/15/37	1,180,000	4.750%	76,000	29,306	134,612.50	
06/15/38	1,104,000	4.750%	-	27,501		
12/15/38	1,104,000	4.750%	79,000	27,501	134,002.50	
06/15/39	1,025,000	5.000%	-	25,625		
12/15/39	1,025,000	5.000%	80,000	25,625	131,250.00	
06/15/40	945,000	5.000%	-	23,625		
12/15/40	945,000	5.000%	85,000	23,625	132,250.00	
06/15/41	860,000	5.000%	-	21,500		
12/15/41	860,000	5.000%	90,000	21,500	133,000.00	
06/15/42	770,000	5.000%	-	19,250		
12/15/42	770,000	5.000%	95,000	19,250	133,500.00	
06/15/43	675,000	5.000%	-	16,875		
12/15/43	675,000	5.000%	100,000	16,875	133,750.00	
06/15/44	575,000	5.000%	-	14,375		
12/15/44	575,000	5.000%	105,000	14,375	133,750.00	
06/15/45	470,000	5.000%	-	11,750		
12/15/45	470,000	5.000%	110,000	11,750	133,500.00	
06/15/46	360,000	5.000%	-	9,000		
12/15/46	360,000	5.000%	115,000	9,000	133,000.00	
06/15/47	245,000	5.000%	-	6,125		
12/15/47	245,000	5.000%	120,000	6,125	132,250.00	
06/15/48	125,000	5.000%	-	3,125		
12/15/48	125,000	5.000%	125,000	3,125	131,250.00	
Total			$1,818,000	$1,209,941	$3,027,941	

Quail Roost	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	
REVENUES:

Special Assessments - On Roll	$	305,150	$	297,317	$	7,833	$	305,150	$	298,112	
Interest Earnings	10,000	9,869	4,934	14,803	10,000	
Carry Forward Surplus (1)	325,662	291,521	-	291,521	319,535	

TOTAL REVENUES	$	640,812	$	598,706	$	12,768	$	611,474	$	627,647	

EXPENDITURES:

Interest - 12/15	$	86,938	$	86,358	$	-	$	86,358	$	84,983	
Principal - 12/15	125,000	125,000	-	125,000	125,000	
Interest - 06/15	85,563	-	84,983	84,983	83,608	

TOTAL EXPENDITURES	$	297,501	$	211,358	$	84,983	$	296,341	$	293,591	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(2,935)	$	(1,467)	$	(4,402)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(2,935)	$	(1,467)	$	(4,402)	$	-	

TOTAL EXPENDITURES	$	297,501	$	208,423	$	83,516	$	291,939	$	293,591	

EXCESS REVENUES (EXPENDITURES)	$	343,311	$	390,283	$	(70,748)	$	319,535	$	334,056	

Interest Due 12/15/27	$	83,608	
Principal Due 12/15/27	130,000	
	 $	213,608 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	313,802	
	(15,690) 	
 $	298,112 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Annexed Area						
Single Family 100'	97	$	196,887.69	$	2,052.63	$	2,029.77	$	(22.86)	
Single Family 50'	80	$	116,914.40	$	1,526.32	$	1,461.43	$	(64.89)	

Total	177	$ 313,802.09	

Quail Roost	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/26	4,895,000	2.200%	$	125,000	$	84,983	$	294,966	
06/15/27	4,770,000	2.200%	-	83,608		
12/15/27	4,770,000	2.700%	130,000	83,608	297,216.25	
06/15/28	4,640,000	2.700%	-	81,853		
12/15/28	4,640,000	2.700%	130,000	81,853	293,706.25	
06/15/29	4,510,000	2.700%	-	80,098		
12/15/29	4,510,000	2.700%	135,000	80,098	295,196.25	
06/15/30	4,375,000	2.700%	-	78,276		
12/15/30	4,375,000	2.700%	140,000	78,276	296,551.25	
06/15/31	4,235,000	2.700%	-	76,386		
12/15/31	4,235,000	2.700%	145,000	76,386	297,771.25	
06/15/32	4,090,000	2.700%	-	74,428		
12/15/32	4,090,000	3.125%	145,000	74,428	293,856.25	
06/15/33	3,945,000	3.125%	-	72,163		
12/15/33	3,945,000	3.125%	150,000	72,163	294,325.00	
06/15/34	3,795,000	3.125%	-	69,819		
12/15/34	3,795,000	3.125%	155,000	69,819	294,637.50	
06/15/35	3,640,000	3.125%	-	67,397		
12/15/35	3,640,000	3.125%	160,000	67,397	294,793.75	
06/15/36	3,480,000	3.125%	-	64,897		
12/15/36	3,480,000	3.125%	165,000	64,897	294,793.75	
06/15/37	3,315,000	3.125%	-	62,319		
12/15/37	3,315,000	3.125%	170,000	62,319	294,637.50	
06/15/38	3,145,000	3.125%	-	59,663		
12/15/38	3,145,000	3.125%	175,000	59,663	294,325.00	
06/15/39	2,970,000	3.125%	-	56,928		
12/15/39	2,970,000	3.125%	180,000	56,928	293,856.25	
06/15/40	2,790,000	3.125%	-	54,116		
12/15/40	2,790,000	3.125%	190,000	54,116	298,231.25	
06/15/41	2,600,000	3.125%	-	51,147		
12/15/41	2,600,000	3.125%	195,000	51,147	297,293.75	
06/15/42	2,405,000	3.125%	-	48,100		
12/15/42	2,405,000	4.000%	200,000	48,100	296,200.00	
06/15/43	2,205,000	4.000%	-	44,100		
12/15/43	2,205,000	4.000%	210,000	44,100	298,200.00	
06/15/44	1,995,000	4.000%	-	39,900		
12/15/44	1,995,000	4.000%	215,000	39,900	294,800.00	
06/15/45	1,780,000	4.000%	-	35,600		
12/15/45	1,780,000	4.000%	225,000	35,600	296,200.00	
06/15/46	1,555,000	4.000%	-	31,100		
12/15/46	1,555,000	4.000%	235,000	31,100	297,200.00	
06/15/47	1,320,000	4.000%	-	26,400		
12/15/47	1,320,000	4.000%	245,000	26,400	297,800.00	
06/15/48	1,075,000	4.000%	-	21,500		
12/15/48	1,075,000	4.000%	250,000	21,500	293,000.00	
06/15/49	825,000	4.000%	-	16,500		
12/15/49	825,000	4.000%	265,000	16,500	298,000.00	
06/15/50	560,000	4.000%	-	11,200		
12/15/50	560,000	4.000%	275,000	11,200	297,400.00	
06/15/51	285,000	4.000%	-	5,700		
12/15/51	285,000	4.000%	285,000	5,700	296,400.00	

Total	$4,895,000	$2,711,374	$7,606,374	

Quail Roost	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2025 Special Assessment Refunding Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	114,617	$	113,718	$	899	$	114,617	$	114,617	
Interest Earnings	500	2,047	1,024	3,071	500	
Carry Forward Surplus (1)	18,026	18,049	-	18,049	48,855	

TOTAL REVENUES	$	133,143	$	133,814	$	1,923	$	135,737	$	163,972	

EXPENDITURES:

Interest - 11/01	$	18,026	$	18,026	$	-	$	18,026	$	45,913	
Principal - 05/01	22,000	22,000	-	22,000	23,000	
Interest - 05/01	46,353	46,353	-	46,353	45,913	

TOTAL EXPENDITURES	$	86,379	$	86,379	$	-	$	86,379	$	114,826	

Other Sources/(Uses)

Interfund Transfer In	$	-	$	364	$	182	$	545	$	-	
Interfund Transfer (Out)		(698)	(349)	(1,047)	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(335)	$	(167)	$	(502)	$	-	

TOTAL EXPENDITURES	$	86,379	$	86,714	$	167	$	86,881	$	114,826	

EXCESS REVENUES (EXPENDITURES)	$	46,764	$	47,100	$	1,756	$	48,855	$	49,146	

Interest Due 11/01/27	$	45,453	
	 $	45,453 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	120,649	
	(6,032) 	
 $	114,617 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Annexed Area II						
Single Family 50'	33	$	52,440.63	$	1,589.11	$	1,589.11	$	-	
Single Family 100'	34	$	68,208.76	$	2,006.14	$	2,006.14	$	-	

Total	67	$	120,649.39	

Quail Roost	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2025 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
11/01/26	1,584,000	4.000%		45,913	114,266.00	
05/01/27	1,584,000	4.000%	23,000	45,913		
11/01/27	1,561,000	4.000%		45,453	114,366.00	
05/01/28	1,561,000	4.000%	24,000	45,453		
11/01/28	1,537,000	4.000%		44,973	114,426.00	
05/01/29	1,537,000	4.000%	25,000	44,973		
11/01/29	1,512,000	4.000%		44,473	114,446.00	
05/01/30	1,512,000	4.000%	26,000	44,473		
11/01/30	1,486,000	5.800%		43,953	114,426.00	
05/01/31	1,486,000	5.800%	27,000	43,953		
11/01/31	1,459,000	5.800%		43,170	114,123.00	
05/01/32	1,459,000	5.800%	29,000	43,170		
11/01/32	1,430,000	5.800%		42,329	114,499.00	
05/01/33	1,430,000	5.800%	30,000	42,329		
11/01/33	1,400,000	5.800%		41,459	113,788.00	
05/01/34	1,400,000	5.800%	32,000	41,459		
11/01/34	1,368,000	5.800%		40,531	113,990.00	
05/01/35	1,368,000	5.800%	34,000	40,531		
11/01/35	1,334,000	5.800%		39,545	114,076.00	
05/01/36	1,334,000	5.800%	36,000	39,545		
11/01/36	1,298,000	5.800%		38,501	114,046.00	
05/01/37	1,298,000	5.800%	38,000	38,501		
11/01/37	1,260,000	5.800%		37,399	113,900.00	
05/01/38	1,260,000	5.800%	41,000	37,399		
11/01/38	1,219,000	5.800%		36,210	114,609.00	
05/01/39	1,219,000	5.800%	43,000	36,210		
11/01/39	1,176,000	5.800%		34,963	114,173.00	
05/01/40	1,176,000	5.800%	46,000	34,963		
11/01/40	1,130,000	5.800%		33,629	114,592.00	
05/01/41	1,130,000	5.800%	48,000	33,629		
11/01/41	1,082,000	5.800%		32,237	113,866.00	
05/01/42	1,082,000	5.800%	51,000	32,237		
11/01/42	1,031,000	5.800%		30,758	113,995.00	
05/01/43	1,031,000	5.800%	54,000	30,758		
11/01/43	977,000	5.800%		29,192	113,950.00	
05/01/44	977,000	5.800%	57,000	29,192		
11/01/44	920,000	5.800%		27,539	113,731.00	
05/01/45	920,000	5.800%	61,000	27,539		
11/01/45	859,000	6.000%		25,770	114,309.00	
05/01/46	859,000	6.000%	65,000	25,770		
11/01/46	794,000	6.000%		23,820	114,590.00	
05/01/47	794,000	6.000%	69,000	23,820		
11/01/47	725,000	6.000%		21,750	114,570.00	
05/01/48	725,000	6.000%	73,000	21,750		
11/01/48	652,000	6.000%		19,560	114,310.00	
05/01/49	652,000	6.000%	77,000	19,560		
11/01/49	575,000	6.000%		17,250	113,810.00	
05/01/50	575,000	6.000%	82,000	17,250		
11/01/50	493,000	6.000%		14,790	114,040.00	
05/01/51	493,000	6.000%	87,000	14,790		
11/01/51	406,000	6.000%		12,180	113,970.00	
05/01/52	406,000	6.000%	93,000	12,180		
11/01/52	313,000	6.000%		9,390	114,570.00	
05/01/53	313,000	6.000%	98,000	9,390		
11/01/53	215,000	6.000%		6,450	113,840.00	
05/01/54	215,000	6.000%	104,000	6,450		
11/01/54	111,000	6.000%		3,330	113,780.00	
05/01/55	111,000	6.000%	111,000	3,330		
11/01/55	-	6.000%		-	114,330.00	
Total			$1,584,000	$1,773,034	$3,357,034	

Quail Roost	
Community Development District	
Non-Ad Valorem Assessments Comparison	

Product Type	O&M Units	Bonds Units
2018	Bonds Units
2021	Bonds Units
2025	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
						Series 2018	Series 2021	Series 2025		
					FY 2027	FY 2026	Increase/ (decrease)	FY 2027	FY 2026	Increase/ (decrease)	FY 2027	FY 2026	Increase/ (decrease)	FY 2027	FY 2026	Increase/ (decrease)	FY 2027	FY 2026	Increase/ (decrease)	

Single Family (Galiano)	
85	
85	
0	
0	
$842.11	
$842.11	
$0.00	
$1,667.03	
$1,667.03	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$2,509.14	
$2,509.14	
$0.00	
Annexed Area																				
Single Family 100'	100	0	97	0	$842.11	$473.68	$368.43	$0.00	$0.00	$0.00	$2,029.77	$2,052.63	-$22.86	$0.00	$0.00	$0.00	$2,871.88	$2,503.45	$345.57	
Single Family 50'	80	0	80	0	$842.11	$473.68	$368.43	$0.00	$0.00	$0.00	$1,461.43	$1,526.32	-$64.89	$0.00	$0.00	$0.00	$2,303.54	$1,935.11	$303.54	
Annexed Area II																				
Single Family 50'	33	0	0	33	$473.68	$473.68	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1,589.11	$1,589.11	$0.00	$2,062.79	$473.68	$0.00	
Single Family 100'	34	0	0	34	$473.68	$473.68	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2,006.14	$2,006.14	$0.00	$2,479.82	$473.68	$0.00	
Total	332	85	177	67																

Page 10

RESOLUTION 2026-05
[FY 2027 APPROPRIATION RESOLUTION]

THE ANNUAL APPROPRIATION RESOLUTION OF THE QUAIL ROOST COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY 2027”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Quail Roost Community Development District (“District”) prior to June 15, 2026, proposed budget(s) (“Proposed Budget”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local general-purpose government(s) having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing on the Proposed Budget and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website in accordance with Section 189.016, Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year.

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

SECTION 1. RECITALS

The foregoing recitals are hereby incorporated as findings of fact of the Board.

SECTION 2.  BUDGET

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Quail Roost Community Development District for the Fiscal Year Ending September 30, 2027.”

The Adopted Budget shall be posted by the District Manager on the District’s official website in accordance with Section 189.016, Florida Statutes and shall remain on the website for at least two (2) years.

SECTION 3.  APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for FY 2027, the sum(s) set forth in Exhibit A to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated as set forth in Exhibit A.

SECTION 4.  BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within FY 2027 or within 60 days following the end of the FY 2027 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law. The District Manager or Treasurer must ensure that any amendments to the budget under this paragraph c. are posted on the District’s website in accordance with Section 189.016, Florida Statutes, and remain on the website for at least two (2) years.

SECTION 5. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 12th DAY OF June 2026.

ATTEST:	QUAIL ROOST COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair

Exhibit A:	FY 2027 Budget

RESOLUTION 2026-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE QUAIL ROOST COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING NON-AD VALOREM SPECIAL ASSESSMENTS FOR FISCAL YEAR 2027; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Quail Roost Community Development District (the “District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating, and maintaining infrastructure improvements, facilities, and services to the lands within the District; and
WHEREAS, the District is located in Miami-Dade County, Florida (the “County”);
and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and
WHEREAS, the Board of Supervisors (the “Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the ﬁscal year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027”), attached hereto as Exhibit A and incorporated by reference herein; and
WHEREAS, the District must obtain suﬃcient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and
WHEREAS, the provision of such services, facilities, and operations is a special and peculiar beneﬁt to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose non-ad valorem special assessments (the “Assessments”) on beneﬁtted lands within the District; and
WHEREAS, it is in the best interests of the District to proceed with the imposition of the Assessments for operations and maintenance in the amount set forth in the Adopted Budget; and
WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2027; and
WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such Assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and
WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Quail Roost Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit B and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certiﬁed to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE QUAIL ROOST COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. RECITALS. The foregoing recitals are hereby incorporated as ﬁndings of
fact of the Board.
SECTION 2. BENEFIT & ALLOCATION FINDINGS. The Board hereby ﬁnds and determines that the provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar beneﬁt to the lands within the District, which beneﬁt exceeds or equals the cost of the Assessments. The allocation of the Assessments

to the specially beneﬁtted lands, as shown in Exhibits A and B, is hereby found to be fair and reasonable.
SECTION 3. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of non-ad valorem special assessments, an Assessment for operation and maintenance is hereby imposed and levied on beneﬁtted lands within the District, and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be eﬀective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance Assessments.
SECTION 4. COLLECTION. The collection of the operation and maintenance special Assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits A and B. The decision to collect non-ad valorem special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect such special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
SECTION 5. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certiﬁed to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.
SECTION 6. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall ﬁle the updates in the District records.
SECTION 7. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not aﬀect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 8. EFFECTIVE DATE. This Resolution shall take eﬀect upon the passage and
adoption of this Resolution by the Board.

PASSED AND ADOPTED this 12th day of June 2026.

ATTEST:	QUAIL ROOST COMMUNITY DEVELOPMENT DISTRICT

By:	
Secretary/Assistant Secretary	Chair / Vice Chair

Exhibit A:	Adopted Budget for Fiscal Year 2027
Exhibit B:	Assessment Roll

Folio #	O&M - Tax Roll	
30-6902-028-0010	$842.11	
30-6902-028-0020	$842.11	
30-6902-028-0030	$842.11	
30-6902-028-0040	$842.11	
30-6902-028-0050	$842.11	
30-6902-028-0060	$842.11	
30-6902-028-0070	$842.11	
30-6902-028-0080	$842.11	
30-6902-028-0090	$842.11	
30-6902-028-0100	$842.11	
30-6902-028-0110	$842.11	
30-6902-028-0120	$842.11	
30-6902-028-0130	$842.11	
30-6902-028-0140	$842.11	
30-6902-028-0150	$842.11	
30-6902-028-0160	$842.11	
30-6902-028-0170	$842.11	
30-6902-028-0180	$842.11	
30-6902-028-0190	$842.11	
30-6902-028-0200	$842.11	
30-6902-028-0210	$842.11	
30-6902-028-0220	$842.11	
30-6902-028-0230	$842.11	
30-6902-028-0240	$842.11	
30-6902-028-0250	$842.11	
30-6902-028-0260	$842.11	
30-6902-028-0270	$842.11	
30-6902-028-0280	$842.11	
30-6902-028-0290	$842.11	
30-6902-028-0300	$842.11	
30-6902-028-0310	$842.11	
30-6902-028-0320	$842.11	
30-6902-028-0330	$842.11	
30-6902-028-0340	$842.11	
30-6902-028-0350	$842.11	
30-6902-028-0360	$842.11	
30-6902-028-0370	$842.11	
30-6902-028-0380	$842.11	
30-6902-028-0390	$842.11	
30-6902-028-0400	$842.11	
30-6902-028-0410	$842.11	
30-6902-028-0420	$842.11	
30-6902-028-0430	$842.11	
30-6902-028-0440	$842.11	
30-6902-028-0450	$842.11	
30-6902-028-0460	$842.11	
30-6902-028-0470	$842.11	
30-6902-028-0480	$842.11	
30-6902-028-0490	$842.11	
30-6902-028-0500	$842.11	
30-6902-028-0510	$842.11	
30-6902-028-0520	$842.11	
30-6902-028-0530	$842.11	
30-6902-028-0540	$842.11	
30-6902-028-0550	$842.11	
30-6902-028-0560	$842.11	
30-6902-028-0570	$842.11	
30-6902-028-0580	$842.11	

	
Folio #	O&M - Tax Roll	
30-6902-031-0020	$842.11	
30-6902-031-0030	$842.11	
30-6902-031-0040	$842.11	
30-6902-031-0050	$842.11	
30-6902-031-0060	$842.11	
30-6902-031-0070	$842.11	
30-6902-031-0080	$842.11	
30-6902-031-0090	$842.11	
30-6902-031-0100	$842.11	
30-6902-031-0110	$842.11	
30-6902-031-0120	$842.11	
30-6902-031-0130	$842.11	
30-6902-031-0140	$842.11	
30-6902-031-0150	$842.11	
30-6902-031-0160	$842.11	
30-6902-031-0170	$842.11	
30-6902-031-0180	$842.11	
30-6902-031-0190	$842.11	
30-6902-031-0200	$842.11	
30-6902-031-0210	$842.11	
30-6902-031-0220	$842.11	
30-6902-031-0230	$842.11	
30-6902-031-0240	$842.11	
30-6902-031-0250	$842.11	
30-6902-031-0260	$842.11	
30-6902-031-0270	$842.11	
30-6902-031-0280	$842.11	
30-6902-031-0290	$842.11	
30-6902-031-0300	$842.11	
30-6902-031-0310	$842.11	
30-6902-031-0320	$842.11	
30-6902-031-0330	$842.11	
30-6902-031-0340	$842.11	
30-6902-031-0350	$842.11	
30-6902-031-0360	$842.11	
30-6902-031-0370	$842.11	
30-6902-031-0380	$842.11	
30-6902-031-0390	$842.11	
30-6902-031-0400	$842.11	
30-6902-031-0410	$842.11	
30-6902-031-0420	$842.11	
30-6902-031-0430	$842.11	
30-6902-031-0440	$842.11	
30-6902-031-0450	$842.11	
30-6902-031-0460	$842.11	
30-6902-031-0470	$842.11	
30-6902-031-0480	$842.11	
30-6902-031-0490	$842.11	
30-6902-031-0500	$842.11	
30-6902-031-0510	$842.11	
30-6902-031-0520	$842.11	
30-6902-031-0530	$842.11	
30-6902-031-0540	$842.11	
30-6902-031-0550	$842.11	
30-6902-031-0560	$842.11	
30-6902-031-0570	$842.11	
30-6902-031-0580	$842.11	
30-6902-031-0590	$842.11	

Folio #	O&M - Tax Roll	
30-6902-028-0590	$842.11	
30-6902-028-0600	$842.11	
30-6902-028-0610	$842.11	
30-6902-028-0620	$842.11	
30-6902-028-0630	$842.11	
30-6902-028-0640	$842.11	
30-6902-028-0650	$842.11	
30-6902-028-0660	$842.11	
30-6902-028-0670	$842.11	
30-6902-028-0680	$842.11	
30-6902-028-0690	$842.11	
30-6902-028-0700	$842.11	
30-6902-028-0710	$842.11	
30-6902-028-0720	$842.11	
30-6902-028-0730	$842.11	
30-6902-028-0740	$842.11	
30-6902-028-0750	$842.11	
30-6902-028-0760	$842.11	
30-6902-028-0770	$842.11	
30-6902-028-0780	$842.11	
30-6902-028-0790	$842.11	
30-6902-028-0800	$842.11	
30-6902-028-0810	$842.11	
30-6902-028-0820	$842.11	
30-6902-028-0830	$842.11	
30-6902-028-0840	$842.11	
30-6902-028-0850	$842.11	
30-6902-030-0010	$842.11	
30-6902-030-0020	$842.11	
30-6902-030-0030	$842.11	
30-6902-030-0040	$842.11	
30-6902-030-0050	$842.11	
30-6902-030-0060	$842.11	
30-6902-030-0070	$842.11	
30-6902-030-0080	$842.11	
30-6902-030-0090	$842.11	
30-6902-030-0100	$842.11	
30-6902-030-0110	$842.11	
30-6902-030-0120	$842.11	
30-6902-030-0130	$842.11	
30-6902-030-0140	$842.11	
30-6902-030-0150	$842.11	
30-6902-030-0160	$842.11	
30-6902-030-0170	$842.11	
30-6902-030-0180	$842.11	
30-6902-030-0190	$842.11	
30-6902-030-0200	$842.11	
30-6902-030-0210	$842.11	
30-6902-030-0220	$842.11	
30-6902-030-0230	$842.11	
30-6902-030-0240	$842.11	
30-6902-030-0250	$842.11	
30-6902-030-0260	$842.11	
30-6902-030-0270	$842.11	
30-6902-030-0280	$842.11	
30-6902-030-0290	$842.11	
30-6902-030-0300	$842.11	
30-6902-030-0310	$842.11	

	
Folio #	O&M - Tax Roll	
30-6902-031-0600	$842.11	
30-6902-031-0610	$842.11	
30-6902-031-0620	$842.11	
30-6902-031-0630	$842.11	
30-6902-031-0640	$842.11	
30-6902-031-0650	$842.11	
30-6902-031-0660	$842.11	
30-6902-031-0670	$842.11	
30-6902-031-0680	$842.11	
30-6902-031-0690	$842.11	
30-6902-031-0700	$842.11	
30-6902-031-0710	$842.11	
30-6902-031-0720	$842.11	
30-6902-031-0730	$842.11	
30-6902-031-0740	$842.11	
30-6902-031-0750	$842.11	
30-6902-031-0760	$842.11	
30-6902-031-0770	$842.11	
30-6902-031-0780	$842.11	
30-6902-031-0790	$842.11	
30-6902-031-0800	$842.11	
30-6902-031-0810	$842.11	
30-6902-031-0820	$842.11	
30-6902-031-0830	$842.11	
30-6902-031-0840	$842.11	
30-6902-031-0850	$842.11	
30-6902-031-0860	$842.11	
30-6902-031-0870	$842.11	
30-6902-031-0880	$842.11	
30-6902-031-0890	$842.11	
30-6902-031-0900	$842.11	
30-6902-031-0910	$842.11	
30-6902-031-0920	$842.11	
30-6902-031-0930	$842.11	
30-6902-031-0940	$842.11	
30-6902-031-0950	$842.11	
30-6902-031-0960	$842.11	
30-6902-031-0970	$842.11	
30-6902-031-0980	$842.11	
30-6902-031-0990	$842.11	
30-6902-031-1000	$842.11	
30-6902-034-0010	$473.68	
30-6902-034-0020	$473.68	
30-6902-034-0030	$473.68	
30-6902-034-0040	$473.68	
30-6902-034-0050	$473.68	
30-6902-034-0060	$473.68	
30-6902-034-0070	$473.68	
30-6902-034-0080	$473.68	
30-6902-034-0090	$473.68	
30-6902-034-0100	$473.68	
30-6902-034-0110	$473.68	
30-6902-034-0120	$473.68	
30-6902-034-0130	$473.68	
30-6902-034-0140	$473.68	
30-6902-034-0150	$473.68	
30-6902-034-0160	$473.68	
30-6902-034-0170	$473.68	

Folio #	O&M - Tax Roll	
30-6902-030-0320	$842.11	
30-6902-030-0330	$842.11	
30-6902-030-0340	$842.11	
30-6902-030-0350	$842.11	
30-6902-030-0360	$842.11	
30-6902-030-0370	$842.11	
30-6902-030-0380	$842.11	
30-6902-030-0390	$842.11	
30-6902-030-0400	$842.11	
30-6902-030-0410	$842.11	
30-6902-030-0420	$842.11	
30-6902-030-0430	$842.11	
30-6902-030-0440	$842.11	
30-6902-030-0450	$842.11	
30-6902-030-0460	$842.11	
30-6902-030-0470	$842.11	
30-6902-030-0480	$842.11	
30-6902-030-0490	$842.11	
30-6902-030-0500	$842.11	
30-6902-030-0510	$842.11	
30-6902-030-0520	$842.11	
30-6902-030-0530	$842.11	
30-6902-030-0540	$842.11	
30-6902-030-0550	$842.11	
30-6902-030-0560	$842.11	
30-6902-030-0570	$842.11	
30-6902-030-0580	$842.11	
30-6902-030-0590	$842.11	
30-6902-030-0600	$842.11	
30-6902-030-0610	$842.11	
30-6902-030-0620	$842.11	
30-6902-030-0630	$842.11	
30-6902-030-0640	$842.11	
30-6902-030-0650	$842.11	
30-6902-030-0660	$842.11	
30-6902-030-0670	$842.11	
30-6902-030-0680	$842.11	
30-6902-030-0690	$842.11	
30-6902-030-0700	$842.11	
30-6902-030-0710	$842.11	
30-6902-030-0720	$842.11	
30-6902-030-0730	$842.11	
30-6902-030-0740	$842.11	
30-6902-030-0750	$842.11	
30-6902-030-0760	$842.11	
30-6902-030-0770	$842.11	
30-6902-030-0780	$842.11	
30-6902-030-0790	$842.11	
30-6902-030-0800	$842.11	
30-6902-031-0010	$842.11	

	
Folio #	O&M - Tax Roll	
30-6902-034-0180	$473.68	
30-6902-034-0190	$473.68	
30-6902-034-0200	$473.68	
30-6902-034-0210	$473.68	
30-6902-034-0220	$473.68	
30-6902-034-0230	$473.68	
30-6902-034-0240	$473.68	
30-6902-034-0250	$473.68	
30-6902-034-0260	$473.68	
30-6902-034-0270	$473.68	
30-6902-034-0280	$473.68	
30-6902-034-0290	$473.68	
30-6902-034-0300	$473.68	
30-6902-034-0310	$473.68	
30-6902-034-0320	$473.68	
30-6902-034-0330	$473.68	
30-6902-035-0020	$473.68	
30-6902-035-0030	$473.68	
30-6902-035-0040	$473.68	
30-6902-035-0050	$473.68	
30-6902-035-0060	$473.68	
30-6902-035-0070	$473.68	
30-6902-035-0080	$473.68	
30-6902-035-0090	$473.68	
30-6902-035-0100	$473.68	
30-6902-035-0110	$473.68	
30-6902-036-0010	$473.68	
30-6902-036-0020	$473.68	
30-6902-036-0030	$473.68	
30-6902-036-0040	$473.68	
30-6902-036-0050	$473.68	
30-6902-036-0060	$473.68	
30-6902-036-0070	$473.68	
30-6902-036-0080	$473.68	
30-6902-036-0090	$473.68	
30-6902-036-0100	$473.68	
30-6902-036-0110	$473.68	
30-6902-036-0120	$473.68	
30-6902-036-0130	$473.68	
30-6902-036-0140	$473.68	
30-6902-036-0150	$473.68	
30-6902-036-0160	$473.68	
30-6902-036-0170	$473.68	
30-6902-036-0180	$473.68	
30-6902-036-0190	$473.68	
30-6902-036-0200	$473.68	
30-6902-036-0210	$473.68	
30-6902-036-0220	$473.68	
30-6902-036-0230	$473.68	
30-6902-036-0240	$473.68	

Total	$254,895.99	

Quail Roost Community Development District
ANNUAL FINANCIAL REPORT

September 30, 2025

Quail Roost Community Development District ANNUAL FINANCIAL REPORT
September 30, 2025 TABLE OF CONTENTS
Page Number
REPORT OF INDEPENDENT AUDITORS	1-3
MANAGEMENT’S DISCUSSION AND ANALYSIS	4-9
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements:
Statement of Net Position	10
Statement of Activities	11
Fund Financial Statements:
Balance Sheet – Governmental Funds	12
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	13
Statement of Revenues, Expenditures and Changes in Fund
Balances – Governmental Funds	14
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	15
Statement of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual – General Fund	16
Notes to Financial Statements	17-30
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	31-32
MANAGEMENT LETTER	33-36
INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES	37

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Quail Roost Community Development District Miami-Dade, Florida
Report on Audit of the Financial Statements

Opinion

We have audited the financial statements of the governmental activities and each major fund of Quail Roost Community Development District (the “District”), as of and for the year ended September 30, 2025, and the related notes to financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS), and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States (Government Auditing Standards). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

- 1 -

To the Board of Supervisors
Quail Roost Community Development District

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for one year beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. 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 and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:

Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts, and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis be presented to supplement the basic financial statements.

- 2 -

To the Board of Supervisors
Quail Roost Community Development District

Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information

Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with Florida Statutes 218.39(3)(c) but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated May 7, 2026 on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts and grant agreements and other matters.

The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida
May 7, 2026
- 3 -

Management’s discussion and analysis of Quail Roost Community Development District’s (the “District”) financial performance provides an objective and easily readable analysis of the District’s financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District’s financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS

The District’s basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District’s financial position and results of operations. The Fund financial statements present financial information for the District’s major funds. The Notes to financial statements provide additional information concerning the District’s finances.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments and developer contributions.
The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District’s operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances – budget and actual is provided for the District’s General Fund. Fund financial statements provide more detailed information about the District’s activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District’s financial standing. These statements are comparable to private-sector companies and give a good understanding of the District’s overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including capital assets, are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. In the statement of activities, transactions between the different functions of the District have been eliminated in order to avoid “doubling up” the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as special assessment bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, reconciliation is provided from the fund financial statements to the government-wide financial statements.
Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.
Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2025.

The District’s total liabilities exceeded total assets by $(5,698,310) (net position). Restricted net position was $345,667, and unrestricted net position was $(5,985,927). Net investment in capital assets was $(58,050).

Governmental activities revenues totaled $1,980,728 while governmental activities expenses and conveyances of capital assets totaled $2,498,334.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.
Net Position

Governmental Activities
	2025		2024	
Current assets	$	33,304		$	56,247	
Restricted assets	579,495		484,354	
Capital assets		2,375,100 			1,571,966 	
Total Assets		2,987,899 			2,112,567 	
Current liabilities	261,575		243,728	
Non-current liabilities		8,424,634 			7,049,543 	
Total Liabilities		8,686,209 			7,293,271 	
Net investment in capital assets	(58,050)		19,270	
Net position - restricted	345,667		284,805	
Net position - unrestricted		(5,985,927)			(5,484,779)	
Total Net Position	 $ (5,698,310)		 $ (5,180,704)	

The increase in restricted assets is primarily related to revenues exceeding expenditures in the Debt Service Fund along with the issuance of long-term debt in the current year.
The increase in capital assets is primarily related to capital additions exceeding the conveyance of assets to other entities in the current year.

The increase in total liabilities is primarily related to the issuance of long-term debt in the current year.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District (Continued)

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.
Change In Net Position
Governmental Activities
Program Revenues		2025			2024		
Charges for services	$	625,383	$	629,686	
Operating grants and contributions	27,728	11,937	
Capital grants and contributions	1,300,891	875,333	
General Revenues	
Investment earnings		26,726 		26,875 	
Total Revenues		1,980,728 		1,543,831 	

Expenses
General government	

100,400	

68,436	
Physical environment	126,344	127,310	
Interest and other charges		500,844 		265,137 	
Total Expenses		727,588 		460,883 	
Conveyance of capital assets		(1,770,746)		(5,710,734)	
Change in Net Position	(517,606)	(4,627,786)	
Net Position - Beginning of Year		(5,180,704)		(552,918)	
Net Position - End of Year	 $ (5,698,310)	 $ (5,180,704)	

The increase in capital contributions is related to an increase in construction contributed by the Developer in the current year.

The increase in general government is related to an increase in legal advertising and engineering fees in the current year.
The decrease in conveyance of capital assets is related to less infrastructure conveyed in the current year.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District’s capital assets as of September 30, 2025 and 2024.
Governmental Activities
Description		2025		2024	
Land and improvements		878,198		875,370	
Infrastructure		1,554,952		725,621	
Accumulated depreciation			(58,050)			(29,025)	
Total Capital Assets, Net		 $ 2,375,100 		 $ 1,571,966 	
During the year, activity consisted of additions to land and improvements of $2,828, additions to construction in progress of $2,600,077, transfers of construction in progress to infrastructure of
$829,331, conveyances to other entities, $1,770,746, and depreciation of $29,025.
General Fund Budgetary Highlights

Final budgeted expenditures exceeded actual expenditures primarily due to less capital outlay expenditures than were anticipated.
The September 30, 2025 budget was amended primarily to closely reflect actual expenditures.

Debt Management

Governmental Activities debt includes the following:

In August 2018, the District issued $2,096,000 Special Assessment Bonds, Series 2018. The Bonds were issued to fund the acquisition and construction costs associated with the 2018 Project. The balance outstanding at September 30, 2025 was $1,862,000.

In October 2021, the District issued $5,480,000 Special Assessment Bonds, Series 2021. The Bonds were issued to fund the acquisition costs associated with the Expansion Area Project. The balance outstanding at September 30, 2025 was
$5,020,000.

In August 2025, the District issued $1,606,000 Special Assessment Bonds, Series 2025. The Bonds were issued to fund the acquisition costs associated with the Second Expansion Area Project. The balance outstanding at September 30, 2025 was
$1,606,000.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Economic Factors and Next Year’s Budget

The District does not expect any economic factors to have a significant effect on the financial position or results of operations of the District in fiscal year 2026.
Request for Information

The financial report is designed to provide a general overview of Quail Roost Community Development District’s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Quail Roost Community Development District, Governmental Management Services, 5385 North Nob Hill Road, Sunrise, Florida 33351.

September 30, 2025

ASSETS	
Current Assets	
Cash	
Investments	
Due from developer	
Prepaid expenses	
Deposits	
Total Current Assets	
Non-current Assets	
Restricted Assets	
Investments	
Capital Assets, Not Being Depreciated	
Land and improvements	
Capital Assets, Being Depreciated	
Infrastructure	
Accumulated depreciation	
Total Non-current Assets	
Total Assets	

LIABILITIES	
Current Liabilities	
Accounts payable	
Accrued interest	
Bonds payable	
Total Current Liabilities	
Non-current Liabilities	
Bonds payable, net	
Total Liabilities	

NET POSITION	
Net investment in capital assets	
Restricted for debt service	
Unrestricted	
Total Net Position	

See accompanying notes to financial statements.

- 10 -

Governmental Activities

$	3,797	
16,397	
2,095	
6,866	
	4,149 	
	33,304 	

579,495

878,198

1,554,952	
       (58,050)	
      2,954,595 	
      2,987,899 	

1,456	
69,119	
       191,000 	
       261,575 	

	8,424,634 
	8,686,209 

(58,050)	
345,667	
	(5,985,927)	
 $	(5,698,310)	

Quail Roost Community Development District STATEMENT OF ACTIVITIES

Net (Expense)	
Revenues and	
Changes in	
  Net Position 	

	Program Revenues		
	Operating	Capital Grants	
Charges for	Grants and	and	
Services	Contributions	Contributions	

For the Year Ended September 30, 2025

Governmental	
Activities	

Functions/Programs	Expenses	
Governmental Activities	
General government	$	(100,400)	
Physical environment	(126,344)	
Interest and other charges		(500,844)	
Total Governmental Activities	 $	(727,588)	

$	75,774	
$	-	
73,603	27,728	
	476,006 		- 	
 $	625,383 	 $	27,728 	

$	-	
1,300,891	
	- 	
 $	1,300,891 	

$	(24,626)	
1,275,878	
	(24,838)	
1,226,414	

General Revenues	
Investment income	

	26,726 

Conveyance of capital assets		(1,770,746)

Change in Net Position	(517,606)

Net Position - October 1, 2024		(5,180,704)

Net Position - September 30, 2025

 $	(5,698,310)

See accompanying notes to financial statements.

- 11 -

Quail Roost Community Development District BALANCE SHEET –
GOVERNMENTAL FUNDS
September 30, 2025

Total	
Governmental	
Funds	

Debt	Capital	
Service	Projects	

ASSETS	
Cash	
Investments	
Due from developer	
Prepaid expenses	
Deposits	
Restricted assets	
Investments	
Total Assets	

$	3,797	
16,397	
2,095	
6,866	
4,149	

$	-	
-	
-	
-	
-	

$	-	
-	
-	
-	
-	

$	3,797	
16,397	
2,095	
6,866	
4,149	

General

-		551,749		27,746		579,495	
$	33,304		$	551,749		$	27,746		$	612,799	

LIABILITIES AND FUND BALANCES	
LIABILITIES	
Accounts payable	

FUND BALANCES	
Nonspendable	
Prepaid expenses	
Deposits	
Restricted	
Debt service	
Capital projects	
Unassigned	
Total Fund Balances	
Total Liabilities and Fund Balances	

6,866	
4,149	

-	
-	

-	
-	

6,866	
4,149	

-		551,749		-		551,749	
-		-		27,746		27,746	
20,833		-		-		20,833	
31,848		551,749		27,746		611,343	
$	33,304		$	551,749		$	27,746		$	612,799	

$	1,456	$	-	$	-	$	1,456

Quail Roost Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES
TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2025

Total Governmental Fund Balances

Amounts reported for governmental activities in the Statement of Net Position	
are different because:	

Capital assets, not being depreciated, land and improvements, used in	
governmental activities are not current financial resources and therefore,	
are not reported at the fund level.	

Capital assets, being depreciated, infrastructure, $1,554,952, net of accumulated	
depreciation, $(58,050), used in governmental activities are not current	
financial resources and therefore, are not reported at the fund level.	

Long-term liabilities, including bonds payable, $(8,488,000), net of bond	
premium, net, $(127,634), are not due and payable in the current period	
and therefore, are not reported at the fund level.	

$	611,343

878,198

1,496,902

(8,615,634)

Accrued interest expense for long-term debt is not a current financial use	
and therefore, is not reported at the fund level.	

	(69,119)

Net Position of Governmental Activities	 $ (5,698,310)

Quail Roost Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES – GOVERNMENTAL FUNDS

	Total	
	Debt	Capital	Governmental	
General	Service	Projects	Funds	

For the Year Ended September 30, 2025

Revenues	
Special assessments	
Developer contributions	
Investment income	
Total Revenues	

$ 149,377		
$	476,006		
$	-		
$	625,383	
27,728		-		-		27,728	
1,397		23,800		1,529		26,726	
178,502		499,806		1,529		679,837	

Other Financing Sources/(Uses)	
Issuance of long-term debt	
Transfers in	
Transfers out	
Total Other Financing Sources/(Uses)	

-		46,678		1,559,322		1,606,000	
-		-		2,278		2,278	
-		(2,278)		-		(2,278)	
-		44,400		1,561,600		1,606,000	

Expenditures	
Current	
General government	
Physical environment	
Capital outlay	
Debt service	
Principal	
Interest	
Other	
Total Expenditures	

100,190	
97,319	
2,828	

-	210	
-	-	
-	1,299,186	

100,400	
97,319	
1,302,014	

-		198,000		-		198,000	
-		266,127		-		266,127	
-		-		248,671		248,671	
200,337		464,127		1,548,067		2,212,531	

15,062	73,306	

Excess of revenues over/(under) expenditures	(21,835)	35,679	(1,546,538)	(1,532,694)

Net Change in Fund Balances	(21,835)		80,079		
Fund Balances - October 1, 2024	53,683		471,670		12,684		538,037	

Fund Balances - September 30, 2025	
$	31,848		
$	551,749		
$	27,746		
$	611,343	

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

Net Change in Fund Balances - Total Governmental Funds	$

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

At the fund level, bond proceeds are recognized as an other financing	
source/use, however, at the government-wide level, they increase liabilities.	

Repayment of bond principal is an expenditure at the governmental fund level,	
but the repayment reduces long-term liabilities in the Statement of Net Position.	

Bond premium does not require current financial resources and therefore, is	
amortized over the life of the bonds as interest expense at the government-wide	
level. This is the current year amortization.	

At the fund level, interest is recognized when due. At the government-wide level	
interest is accrued on outstanding debt. This is the current year change	
in accrual.	

73,306

Governmental funds report capital outlays as expenditures. However, in the		
Statement of Activities, the cost of those assets is allocated over their		
estimated useful lives as depreciation. This is the amount that capital outlay,		
$1,302,014, and capital contributions, $1,300,891, exceeded conveyance of assets,	
$(1,770,746), and depreciation $(29,025), in the current period.	803,134	

(1,606,000)

198,000

4,909

9,045

Change in Net Position of Governmental Activities	$	(517,606)

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – GENERAL FUND
For the Period Ended September 30, 2025

Revenues	
Special assessments	
Developer contributions	
Investment income	
Total Revenues	

$ 149,000	
30,150	
	- 	
	179,150 	

$	149,377	
30,150	
     1,397 	
   180,924 	

Expenditures	
Current	
General government	
Physical environment	
Capital outlay	
Total Expenditures	

76,566	
102,584	
-	
179,150	

101,505	
98,420	
5,000	
204,925	

100,190	
97,319	
2,828	
200,337	

1,315	
1,101	
2,172	
4,588	

Variance with	
Final Budget	
Positive	
(Negative)	

Original	
Budget	

Final	
Budget	

$ 149,377	
27,728	
	1,397 	
	178,502 	

$	-	
(2,422)	
	- 	
	(2,422)	

Actual

Net Change in Fund Balances	-		(24,001)		(21,835)		2,166	
Fund Balances - October 1, 2024	-		24,001		53,683		29,682	

Fund Balances - September 30, 2025	
 $	- 		
 $	- 		
 $	31,848 		
 $	31,848 	

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of Quail Roost Community Development District (the “District”) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.
Reporting Entity
The District was established on February 21, 2018, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Ordinance No. 18-19 of the Board of County Commissioners of Miami-Dade County, as a Community Development District and expanded by Miami-Dade County Ordinance 20-58. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or outside the boundaries of the Quail Roost Community Development District. The District is governed by a Board of Supervisors who are elected to four-year and two-year terms. The District operates within the criteria established by Chapter 190, Florida Statutes.
As required by GAAP, these financial statements present the Quail Roost Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District’s Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.
Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards the District has identified no component units.
Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.
Governmental activities are supported by special assessments, developer contributions, and interest income. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.
Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.
Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
Fund financial statements for the primary government’s governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District reports fund balance in accordance with Governmental Accounting Standards Board Statement 54 – Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance – This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.
Restricted Fund Balance – This classification includes amounts that can be spent only for specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance – This classification consists of the Board of Supervisors’ intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District’s management company.
Unassigned Fund Balance – This classification is the residual classification for the government’s general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.
Fund Balance Spending Hierarchy – For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter, to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period.
Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of “available spendable resources”.

Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.
Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of long-term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation
Governmental Major Funds

General Fund – The General Fund is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Presentation (Continued)

Governmental Major Funds (Continued)

Debt Service Fund – The Debt Service Fund accounts for debt service requirements to retire the Special Assessment Bonds, which were used to finance the construction of certain improvements within the District.

Capital Projects Fund – The Capital Projects Fund accounts for acquisition and construction of infrastructure improvements located within the boundaries of the District.
Non-current Governmental Assets/Liabilities

GASB Statement 34 requires that non-current governmental assets, such as capital assets, and non-current governmental liabilities, such as long term debt be reported in the governmental activities column in the government-wide Statement of Net Position.
Assets, Liabilities, and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.
The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:
Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;
Interest-bearing time deposits or savings accounts in authorized qualified public depositories;

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities, and Net Position or Equity (Continued)

Cash and Investments (Continued)

Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.

Cash and investments include time deposits, certificates of deposit, money market funds, and all highly liquid debt instruments with original maturities of three months or less.

Restricted Net Position

Certain net position of the District are classified as restricted net position on the Statement of Net Position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.

Capital Assets
Capital assets, which include land and improvements, and infrastructure, are reported in the governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation basis for all assets is historical cost.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.

Capital assets of the District are depreciated using the straight-line method over the following useful lives:
Infrastructure	25 years

Bond Premium

Bond premium associated with the issuance of bonds are amortized over the life of the bonds using the straight-line method.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
4. Assets, Liabilities, and Net Position or Equity (Continued)
Budgets
Budgets are prepared and adopted after a public hearing for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget columns of the accompanying financial statements may occur.
Use of Estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the financial statement date and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.
NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS
Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position
“Total fund balances” of the District’s governmental funds, $611,343, differs from “net position” of governmental activities, $(5,698,310), reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below:
Capital related items
When capital assets (that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures at the governmental fund level. However, the Statement of Net Position included those capital assets among the assets of the District as a whole.

Land and improvements	$	878,198	
Infrastructure	1,554,952	
Accumulated depreciation		(58,050)	
Total	$	2,375,100 	

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position (Continued)
Long-term debt transactions
Long-term liabilities applicable to the District’s governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2025 were:

Bonds payable	$ (8,488,000)	
Bond premium, net		(127,634)	
Bonds payable, net	$ (8,615,634)	
Accrued interest
Accrued liabilities in the Statement of Net Position differ from the amount reported at the governmental fund level due to the accrued interest on bonds.
Accrued interest	$	(69,119)
Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities
The “net change in fund balances” for governmental funds, $73,306, differs from the “change in net position” for governmental activities, $(517,606), reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below:
Capital related items
When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures at the governmental fund level. However, in the Statement of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year.

Capital outlay	$	1,302,014	
Capital contribution	1,300,891	
Depreciation	(29,025)	
Conveyance of capital assets		(1,770,746)	
Total	$	803,134 	

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
2. Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities (Continued)
Long-term debt transactions

When long-term debt is issued for governmental activities, the resources obtained are recognized as an other financing source at the fund level. At the government-wide level, however, the issuance of long-term debt increases non-current liabilities. Repayments of principal are reported as an expenditure at the governmental fund level and, thus, have the effect of reducing fund balance because current financial resources have been used.

Issuance of long term debt	$	1,606,000

Principal payments	$	198,000

Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures at the governmental fund level.
Amortization of bond premium	$	4,909

Change in accrued interest	$	9,045

NOTE C – CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.
Custodial Credit Risk – Deposits
Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2025, the District's bank balance was $12,105 and the carrying value was $3,797. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

NOTE C – CASH AND INVESTMENTS (Continued)

Investments

As of September 30, 2025, the District had the following investments and maturities:

Investment		Maturity Date		Fair Value	
Florida PRIME		47 Days *		$	16,397	
U.S. Bank Money Market		N/A			579,495 	
				$	595,892	
*Weighted Average Maturity					

The District categorizes its fair value measurements within the fair value hierarchy recently established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.
Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that use the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.
Based on the criteria in the preceding paragraph, the investments in U.S. Bank Money Market are Level 1 assets.
Interest Rate Risk

The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.
Credit Risk

The District's investments are limited by state statutory requirements and bond compliance. The District has no investment policy that would further limit its investment choices. As of September 30, 2025, the District’s investment in Florida PRIME were rated AAAm by Standard & Poor’s. The District’s investments in U.S. Bank Money Market are not rated by Standard & Poor’s.

NOTE C – CASH AND INVESTMENTS (Continued)

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund. The investments in U.S. Bank Money Market represent 97% of the District's total investments. The investments in Florida PRIME represent 3% of the District's total investments.
The types of deposits and investments and their level of risk exposure as of September 30, 2025 were typical of these items during the fiscal year then ended.
NOTE D – CAPITAL ASSETS
Capital asset activity for the year ended September 30, 2025 was as follows:

	Balance October 1,
	2024		

	Additions		

	Deletions		Balance September 30,
	2025		
Governmental Activities:					
Capital assets, not being depreciated:
Land and improvements	
$	875,370	
$	2,828	
$	-	
$	878,198	
Construction in progress		- 		2,600,077 		(2,600,077)		- 	
Total Capital Assets, Not Being Depreciated		875,370 		2,602,905 		(2,600,077)		878,198 	
Capital assets, being depreciated Infrastructure	
725,621	
829,331	
-	
1,554,952	
Accumulated depreciation		(29,025)		(29,025)		- 		(58,050)	
Total Capital Assets, Being Depreciated, Net		696,596 		800,306 		- 		1,496,902 	
Governmental Activities Capital Assets	 $ 1,571,966 	 $ 3,403,211 	 $ (2,600,077)	 $ 2,375,100 	

Depreciation of $29,025 was charged to physical environment.

NOTE E – SPECIAL ASSESSMENT REVENUES
Special assessment revenues that fund the annual operating budget are levied annually at a public hearing prior to the beginning of each fiscal year. Special assessment revenues that repay the District’s bond issue were levied when the bonds were issued and are collected annually over the term of the bonds. Assessments collected utilizing the uniform method of collection per Section 197.3632 Florida Statutes are certified for collection to the County Tax Collector no later than September 15th of each year. The District’s Special Assessments are included on the property owners November 1st property tax bill. Per Section 197.162, Florida Statutes discounts are allowed for early payment at the rate of 4% in November, 3% in December, 2% in January, and 1% in February. Taxes paid in March are without a discount.

NOTE F – LONG-TERM DEBT		
The following is a summary of activity for long-term debt for the 2025:	year ended September 30,	
Long-term debt at October 1, 2024	$	7,080,000	
Issuance of long-term debt	1,606,000	
Principal payments		(198,000)	
Long-term debt at September 30, 2025	8,488,000	
Bond premium, net		127,634 	
Long-term Debt, Net at September 30, 2025	$	8,615,634 	
Long-term debt is comprised of the following:		
Special Assessment Bonds		
$2,096,000 Series 2018 Special Assessment Bonds due in		
annual principal installments beginning December 2019 and		
maturing December 2048. Interest is due semi-annually		
each June 15 and December 15, at various interest rates		
ranging  between  3.875%  and  5%.  Current  portion  is		
$44,000.	$	1,862,000	
$5,480,000 Series 2021 Special Assessment Bonds due in		
annual principal installments beginning December 2022 and		
maturing December 2051. Interest is due semi-annually		
each June 15 and December 15, at various interest rates		
ranging between 2.2% and 4%. Current portion is $125,000.	5,020,000	
$1,606,000 Series 2025 Special Assessment Bonds due in		
annual  principal  installments  beginning  May  2026  and		
maturing May 2055. Interest is due semi-annually each		
November 1 and May 1, at various interest rates ranging		
between 4% and 6%. Current portion is $22,000.		1,606,000	
Long-term Debt at September 30, 2025	$	8,488,000	

NOTE F – LONG-TERM DEBT (Continued)

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2025 are as follows:

Year Ending
	September 30, 		Principal			Interest			Total		
2026	$	191,000	$	325,373	$	516,373	
2027	194,000	347,777	541,777	
2028	202,000	341,730	543,730	
2029	205,000	335,177	540,177	
2030	213,000	328,433	541,433	
2031-2035	1,188,000	1,519,771	2,707,771	
2036-2040	1,430,000	1,267,540	2,697,540	
2041-2045	1,756,000	944,295	2,700,295	
2046-2050	2,056,000	504,350	2,560,350	
2051-2055		1,053,000 		115,480 		1,168,480 	
Totals	 $	8,488,000 	 $	6,029,926 	 $	14,517,926 	
Summary of Significant Bonds Resolution Terms and Covenants
The Series 2018, 2021 and 2025 Bonds are subject to redemption at the option of the District prior to their maturity, in whole or in part, at any time on or after December 15, 2028, December 15, 2031 and November 1, 2035, respectively, at a redemption price equal to the principal amount of the Series 2018, Series 2021 and Series 2025 Bonds to be redeemed, together with accrued interest to the date of redemption. The Series 2018, Series 2021 and Series 2025 Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Trust Indenture.
The Trust Indenture requires certain amounts be maintained in a reserve account. In addition, the Trust Indenture has certain restrictions and requirements relating to the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements.

NOTE F – LONG-TERM DEBT (Continued)
The bond resolutions establish certain funds and determine the order in which revenues are to be deposited into these funds. A description of the significant funds, including their purposes, is as follows:
Reserve Fund – The Series 2018, Series 2021 and Series 2025 Reserve Accounts were funded from the proceeds of the Series 2018, Series 2021 and Series 2025 Bonds, respectively, in an amount equal to 25% of the maximum annual debt service outstanding on the Series 2018, Series 2021, and Series 2025 Bonds. The Series 2021 and Series 2025 reserve requirement will be reduced to 10% of the maximum annual debt service outstanding of the Series 2021 and Series 2025 Bonds if certain release conditions are met as outlined in the Trust Indenture. Monies held in the reserve account will be used only for the purposes established in the Trust Indenture.

The following is a schedule of required reserve deposits as of September 30, 2025:

	Reserve
Balance		Reserve
Requirement	
Series 2018 Special Assessment Bonds	$	33,653		$	33,653	
Series 2021 Special Assessment Bonds	$	76,138		$	74,658	
Series 2025 Special Assessment Bonds	$	28,652		$	28,652	

NOTE G – ECONOMIC DEPENDENCY AND RELATED PARTY
The Developer owns a significant portion of land within the District. The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations. During the year ended September 30, 2025, the District recognized $27,728 in operating contributions and $1,300,891 in capital contributions. At September 30, 2025, all board members were affiliated with the Developer.
NOTE H – RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance. There were no claims or settled claims from these risks that have exceeded commercial insurance coverage.

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

To the Board of Supervisors
Quail Roost Community Development District Miami-Dade, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements, as listed in the table of contents, of Quail Roost Community Development District, as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the basic financial statements and have issued our report thereon dated May 7, 2026.

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

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

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

- 31 -

To the Board of Supervisors
Quail Roost Community Development District

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

Purpose of this Report

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

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida May 7, 2026

- 32 -

MANAGEMENT LETTER

To the Board of Supervisors
Quail Roost Community Development District Miami-Dade, Florida

Report on the Financial Statements
We have audited the financial statements of Quail Roost Community Development District as of and for the year ended September 30, 2025, and have issued our report thereon dated May 7, 2026.
Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.
Other Reports and Schedule
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 7, 2026, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been made to address findings and recommendations made in the preceding financial audit report. There were no findings or recommendations in the preceding financial audit report.

- 33 -

To the Board of Supervisors
Quail Roost Community Development District
Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, requires us to apply appropriate procedures and communicate the results of our determination as to whether or not Quail Roost Community Development District met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that Quail Roost Community Development District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for Quail Roost Community Development District. It is management’s responsibility to monitor Quail Roost Community Development District’s financial condition; and our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.
Specific Information

The information below was provided by management and has not been audited by us; therefore, we do not express an opinion or provide any assurance on the information.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, Quail Roost Community Development District reported:
The total number of District employees compensated in the last pay period of the District’s fiscal year as: 0
The total number of independent contractors, to whom nonemployee compensation was paid in the last month of the District’s fiscal year as: 7
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as: $0
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency: $198,467.56
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1, 2024, together with the total expenditures for such project as: N/A
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final adopted budget under Section 189.016(6), Florida Statutes: The Board did amend the budget, see below.

- 34 -

To the Board of Supervisors
Quail Roost Community Development District		

Original				Variance with Original Budget Positive	
Budget		Actual		(Negative)	
Revenues					
Special assessments	$	149,000		$	149,377		$	377	
Developer contributions	30,150		27,728		(2,422)	
Investment income	-		1,397		1,397	
Total Revenues	179,150		178,502		(648)	

Expenditures Current
General government	76,566		100,190		(23,624)	
Physical environment	102,584		97,319		5,265	
Capital outlay	-		2,828		(2,828)	
Total Expenditures	179,150		200,337		(21,187)	

Net Change in Fund Balances	
-		
(21,835)		
(21,835)	

Fund Balances - October 1, 2024		
-	53,683		
53,683	

Fund Balances - September 30, 2025	
$	
-	$	31,848		
$	31,848	

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)9, Rules of the Auditor General, Quail Roost Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District:
$473.68 – $842.11 for the General Fund and $1,526.32 – $2,052.63 for the Debt Service Fund
The amount of special assessments collected by or on behalf of the District: $625,383
The total amount of outstanding bonds issued by the District and the terms of such bonds are as follows: Series 2018 Bonds, $1,862,000 maturing December 2048, Series 2021 Bonds, $5,020,000 maturing December 2051, and Series 2025 Bonds, $1,606,000 maturing May 2055

- 35 -

To the Board of Supervisors
Quail Roost Community Development District

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or fraud, waste, or abuse, that has occurred or is likely to have occurred, that has an effect on the financial statements that is less than material, but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.
Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida May 7, 2026

- 36 -

INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Quail Roost Community Development District Miami-Dade, Florida

We have examined Quail Roost Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2025. Management is responsible for Quail Roost Community Development District’s compliance with those requirements. Our responsibility is to express an opinion on Quail Roost Community Development District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Quail Roost Community Development District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Quail Roost Community Development District’s compliance with the specified requirements.

In our opinion, Quail Roost Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2025.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida May 7, 2026

- 37 -

Quail Roost

FIELD REPORT
June 12, 2026

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

LANDSCAPING
Landscaping services were provided by Tony’s Landscaping.
Trees are being monitored; some may need to be re-staked or replaced.

Mailbox areas were inspected and are in satisfactory condition.

Expansion

Perimeter Wall
Monitoring perimeter wall.

BOARD OF SUPERVISORS MEETING DATES QUAIL ROOST COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026/2027
The Board of Supervisors of the Quail Roost Community Development District will hold their regular meetings for the Fiscal Year 2026/2027 at 10:45 a.m. at the offices of Lennar Homes, 5505 Waterford District Drive, Miami, Florida, on the second Friday of each month as follows:

October 9, 2026
November 13, 2026
December 11, 2026
January 08, 2027
February 12, 2027
March 12, 2027
April 9, 2027
May 14, 2027
June 11, 2027
July 09, 2027
August 13, 2027
September 10, 2027

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services, LLC, 5385 North Nob Hill  Road,  Sunrise,  Florida  33351,  (954)  721-8681,  or  on  the  District’s  website  at
http://www.quailroostcdd.com

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (904) 940-5850 at least three (3) business days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Ben Quesada Manager

Public Search Results
In the search results grid, organization names are linked to coordinator contact information. The [?] links display the relevant contact information. The coordinator is the person who is responsible for adding/removing individuals from the filer list.
When a form is logged, the status will contain the date received and the message “Form Available Soon”. When the Form becomes available online, the Filing Requirement Fulfilled status will have a link to “View Form” for electronic forms and (not available online) for any paper forms.
Section 112.31445, Florida Statutes, requires that all forms filed in the Electronic Financial Disclosure Management System (EFDMS) be posted online. Before being posted online, any information required by law to be maintained as confidential must be redacted. This process is not automated and may take up to five business days.

Export to Excel

Suborganization	


	


Board of Supervisors						

	
PID	FORM YEAR	NAME
	ORGANIZATION(S)	FILING REQUIREMENT	FILING REQUIREMENT FULFILLED	FILINGS	

222343	
2025	
Teresa Baluja	
Acacia Grove Community Development District - Board of Supervisors  [?]

Bauer Drive Community Development District - Board of Supervisors  [?]

Biscayne Drive Estates Community Development District - Board of Supervisors  [?]

Black Creek Community Development District - Board of Supervisors  [?]

Campo Bello Community Development District - Board of Supervisors [?] Century Park Square Community Development District - Board of Supervisors [?] East Palm Drive Community Development District - Board of Supervisors [?] Epmore Community Development District - Board of Supervisors [?]
Eureka Grove Community Development District - Board of Supervisors [?] Kingman Gate Community Development District - Board of Supervisors [?] Los Cayos Community Development District - Board of Supervisors [?] Newton Road Community Development District - Board of Supervisors [?] Palm Gate Community Development District - Board of Supervisors [?] Pine Isle Community Development District - Board of Supervisors [?]
Princeton Commons Community Development District - Board of Supervisors  [?]

Quail Roost Community Development District - Board of Supervisors [?] Rancho Grande Community Development District - Board of Supervisors [?] San Simeon Community Development District - Board of Supervisors [?] Sedona Point Community Development District - Board of Supervisors [?] Siena North Community Development District - Board of Supervisors [?] Silver Palms West Community Development District - Board of Supervisors [?]	
Form 1 with COE [?]		
Form 1 - 6/1/2026		
View Filings	

299529	
2025	
Lilibeth Hauck	
Biscayne Drive Estates Community Development District - Board of Supervisors  [?]

East Palm Drive Community Development District - Board of Supervisors  [?]

MainStreet at Coconut Creek Community Development District - Board of Supervisors  [?]

Palm Gate Community Development District - Board of Supervisors  [?]

Quail Roost Community Development District - Board of Supervisors  [?]	
Form 1 with COE [?]		
Form 1 - 6/1/2026		
View Filings	

259767	
2025	
Raisa Krause	
Acacia Grove Community Development District - Board of Supervisors [?] Bauer Drive Community Development District - Board of Supervisors [?] Black Creek Community Development District - Board of Supervisors [?] Epmore Community Development District - Board of Supervisors [?]	
Form 1 with COE [?]		
Form 1 Not Filed		
View Filings	
1-5 of 5			Rows per page:	25			«	‹	1	›	»	

	PID	FORM YEAR	NAME
	ORGANIZATION(S)	FILING REQUIREMENT	FILING REQUIREMENT FULFILLED	FILINGS	
				Eureka Grove Community Development District - Board of Supervisors [?]				
				Kingman Gate Community Development District - Board of Supervisors  [?]				
				Los Cayos Community Development District - Board of Supervisors  [?]				
				Newton Road Community Development District - Board of Supervisors  [?]				
				Pine Isle Community Development District - Board of Supervisors  [?]				
				Princeton Commons Community Development District - Board of Supervisors  [?]				
				Quail Roost Community Development District - Board of Supervisors  [?]				
				San Simeon Community Development District - Board of Supervisors  [?]				
				Sedona Point Community Development District - Board of Supervisors  [?]				
				Siena North Community Development District - Board of Supervisors  [?]				
				Silver Palms West Community Development District - Board of Supervisors [?]				
	
272858	
2025	
Carmen Beatriz Orozco	
Bauer Drive Community Development District - Board of Supervisors  [?]

Biscayne Drive Estates Community Development District - Board of Supervisors  [?]	
Form 1 with COE [?]		
Form 1 - 4/22/2026	
View Filings	
				Black Creek Community Development District - Board of Supervisors  [?]					
				East Palm Drive Community Development District - Board of Supervisors  [?]					
				Epmore Community Development District - Board of Supervisors  [?]					
				Kingman Gate Community Development District - Board of Supervisors  [?]					
				Los Cayos Community Development District - Board of Supervisors  [?]					
				Newton Road Community Development District - Board of Supervisors  [?]					
				Palm Gate Community Development District - Board of Supervisors  [?]					
				Pine Isle Community Development District - Board of Supervisors  [?]					
				Princeton Commons Community Development District - Board of Supervisors  [?]					
				Quail Roost Community Development District - Board of Supervisors  [?]					
				Rancho Grande Community Development District - Board of Supervisors  [?]					
				San Simeon Community Development District - Board of Supervisors  [?]					
				Sedona Point Community Development District - Board of Supervisors  [?]					
	
280466	
2025	
Vanessa Perez	
Acacia Grove Community Development District - Board of Supervisors  [?]	
Form 1 with COE [?]		
Form 1 Not Filed	
View Filings	
				Bauer Drive Community Development District - Board of Supervisors  [?]					
				Biscayne Drive Estates Community Development District - Board of Supervisors  [?]					
				Black Creek Community Development District - Board of Supervisors  [?]					
				Campo Bello Community Development District - Board of Supervisors  [?]					
				East Palm Drive Community Development District - Board of Supervisors  [?]					
				Epmore Community Development District - Board of Supervisors  [?]					
				Eureka Grove Community Development District - Board of Supervisors [?]					
				Kingman Gate Community Development District - Board of Supervisors  [?]					
				Los Cayos Community Development District - Board of Supervisors  [?]					
				Newton Road Community Development District - Board of Supervisors  [?]					
				Palm Gate Community Development District - Board of Supervisors  [?]					
				Pine Isle Community Development District - Board of Supervisors  [?]					
				Princeton Commons Community Development District - Board of Supervisors  [?]					
				Quail Roost Community Development District - Board of Supervisors  [?]					
				Rancho Grande Community Development District - Board of Supervisors  [?]					
				San Simeon Community Development District - Board of Supervisors  [?]					
				Sedona Point Community Development District - Board of Supervisors  [?]					
	1-5 of 5	Rows per page:			«	‹	1	›	»	

PID	FORM YEAR	NAME
	ORGANIZATION(S)	FILING REQUIREMENT	FILING REQUIREMENT FULFILLED	FILINGS	
			Siena North Community Development District - Board of Supervisors  [?]				
1-5 of 5			Rows per page:		«	‹	1	›	»	

Back	

Alina Garcia
Supervisor of Elections
2700 NW 87th Ave
Miami, FL 33172

CERTIFICATION

T 305-499-VOTE{8683)
F 305-499-8501
TTY 305-499-8480

votemiamidade.gov
@votemiamidade

STATE OF FLORIDA) COUNTY OF MIAMI-DADE)

WITNESS MY HAND AND OFFICIAL SEAL, AT MIAMI, MIAMI-DADE COUNTY, FLORIDA, ON THIS 29th DAY OF
APRIL, 2026	

I, Alina Garcia, Supervisor of Elections of Miami-Dade County, Florida, do hereby certify that Quail Roost Community Development District, as described in the attached MAP, has 573 voters.

Alina Garcia Supervisor of Elections

Please submit a check for $60.00 to our office payable to "Miami-Dade County Office of the Supervisor of Elections" for the cost of certifying the number of registered voters.

Quail Roost	
COMMUNITY DEVELOPMENT DISTRICT	

Fiscal Year 2026	
Check Register	
04/01/26 - 05/31/26	

Date

check #'s

Amount

04/01/26 - 04/30/26	473-476	$	12,034.56	

05/01/26 - 05/31/26	477-482	$	13,921.84	

TOTAL	$	25,956.40	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/02/26	PAGE	1
*** CHECK DATES 04/01/2026 - 05/31/2026 ***	QUAIL ROOST CDD
BANK A QUAIL ROOST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/02/26 00006	2/28/26 197529	202602 310-51300-31500	*	500.00
FEB 26 - ATTORNEY FEES
BILLING COCHRAN, P.A.	500.00 000473
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

4/02/26 00001	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	

4/02/26 00019	3/18/26 MAR 26	202603 320-53800-43000	*	2,160.01 MAR 26 - ELECTRIC
FPL	2,160.01	000474	
- - - - - - - -	- - - - - - -	- -	- - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
150	202604 320-53800-34000	*	572.42	
APR	26	- FIELD SERVICES	
151	202604 310-51300-34000	*	2,471.67	
APR	26	- MGMT FEES	
151	202604 310-51300-31300	*	267.50	
APR	26	- DISSEMINATION	
151	202604 310-51300-49500	*	100.00	
APR	26	- WEBSITE ADMIN	
151	202604 310-51300-42000	*	2.96	
APR	26	- POSTAGE	
GMS-SF, LLC	3,414.55 000475

4/02/26 00012	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	
	4/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
39104012 202604 320-53800-46200	*	1,950.00
LAWN SERVICE 4/1/26
39104012 202604 320-53800-46200	*	1,950.00
LAWN SERVICE 4/15/26
41104012 202604 320-53800-46200	*	230.00
LAWN SERVICE 4/1/26 PH3
41104012 202604 320-53800-46200	*	230.00
LAWN SERVICE 4/15/26 PH3
53040126 202604 320-53800-46201	*	800.00
LAWN SERVICE EXP 4/1/26
53040126 202604 320-53800-46201	*	800.00
LAWN SERVICE EXP 4/15/26
TONY'S NURSERY & GARDEN	5,960.00 000476
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00003	4/08/26 9121	202603 310-51300-31100	*	143.75
MAR 26 - ENGINEERING SVCS
ALVAREZ ENGINEERS, INC	143.75 000477
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00006	3/31/26 198077	202603 310-51300-31500	*	2,190.00
MAR 26 - ATTORNEY FEES
BILLING COCHRAN, P.A.	2,190.00 000478
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00019	4/23/26 APR 26	202604 320-53800-43000	*	2,154.28 APR 26 - ELECTRIC
FPL	2,154.28 000479
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
QUAI -QUAIL ROOST-	ACOOPER

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/02/26	PAGE	2
*** CHECK DATES 04/01/2026 - 05/31/2026 ***	QUAIL ROOST CDD
BANK A QUAIL ROOST CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/07/26 00001	5/01/26 152	202605 320-53800-34000	*	572.42
MAY 26 - FIELD SERVICES
5/01/26 153	202605 310-51300-34000	*	2,471.67
MAY 26 - MGMT FEES
5/01/26 153	202605 310-51300-31300	*	267.50
MAY 26 - DISSEMINATION
5/01/26 153	202605 310-51300-49500	*	100.00
MAY 26 - WEBSITE ADMIN
5/01/26 153	202605 310-51300-42000	*	2.22
MAY 26 - POSTAGE
GMS-SF, LLC	3,413.81 000480
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00009	4/29/26 04292026 202604 310-51300-49000	*	60.00
2026 # REGISTERED VOTERS
MIAMI-DADE COUNTY ELECTIONS DEPT	60.00 000481
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00012	5/01/26 39105012 202605 320-53800-46200	*	1,950.00
LAWN SERVICE 5/1/26
5/01/26 39105012 202605 320-53800-46200	*	1,950.00
LAWN SERVICE 5/15/26
5/01/26 41105012 202605 320-53800-46201	*	230.00
LAWN SERVICE 5/1/26 PH3
5/01/26 41105012 202605 320-53800-46201	*	230.00
LAWN SERVICE 5/15/26 PH3
5/01/26 53050126 202605 320-53800-46201	*	800.00
LAWN SERVICE EXP 5/1/26
5/01/26 53050126 202605 320-53800-46201	*	800.00
LAWN SERVICE EXP 5/15/26
TONY'S NURSERY & GARDEN	5,960.00 000482
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	25,956.40
TOTAL FOR REGISTER	25,956.40

QUAI -QUAIL ROOST-	ACOOPER

Quail Roost	
Community Development District	

Unaudited Financial Reporting	
May 31, 2026	

Table of Contents

1

2-3

4

5

6

7

8

9

10

11-12

13

	Balance Sheet

	General Fund

	Debt Service Fund Series 2018

	Debt Service Fund Series 2021

	Debt Service Fund Series 2025

	Capital Project Fund Series 2018

	Capital Project Fund Series 2021

	Capital Project Fund Series 2025

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule Summary

Quail Roost	
Community Development District	
Combined Balance Sheet	
May 31, 2026	

28,652	
1	
39,626	
-	
-	

-	
-	
-	
13,093	
-	

28,652	
1	
39,626	
13,093	
4,149	

Fund Balance:	
Nonspendable:	
Deposits	
Restricted for:	
Debt Service	
Capital Project	
Unassigned	

-	
31,738	
-	

721,515	
31,738	
96,469	

General	Debt Service	Capital Project	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	
Due from Developer	
Due from General Fund	

$	34,903	
4,322	
-	

$	-	
-	
32,527	

$	-	
-	
-	

$	34,903	
4,322	
32,527	

Investments:	
State Board of Administration	

-	
-	
-	

33,653	
140,323	
-	

-	
-	
5,950	

33,653	
140,323	
5,950	

-	
-	
-	
-	

74,558	
371,497	
677	
-	

-	
-	
-	
12,696	

74,558	
371,497	
677	
12,696	

98,265	-	-	98,265

Series 2018	
Reserve	
Revenue	
Acquisition & Construction	
Series 2021	
Reserve	
Revenue	
Prepayment	
Acquisition & Construction	
Series 2025	
Reserve	
Interest	
Revenue	
Acquisition & Construction	
Deposits	

-	
-	
-	
-	
4,149	

Total Assets	$	141,639	$	721,515	$	31,738	$	894,892	
Liabilities:	
Accounts Payable	$	8,493	$	-		$	-		$	8,493	
Due to Debt Service	32,527		-		-	32,527	

Total Liabilites	$	41,020	$	-	$	-	$	41,020	

	$	4,149	$	-	$	-	$	4,149	
					
	-	721,515			
					
	96,469	-			
Total Fund Balances	$	100,618	$	721,515	$	31,738	$	853,871	
					
Total Liabilities & Fund Balance	$	141,639	$	721,515	$	31,738	$	894,892	

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

Revenues:		
Special Assessments - Tax Roll	$	179,149	
Interest Income	1,000	
Developer Contributions	20,381	

	
$	179,149	
1,000	
20,381	

	
$	176,026	
1,868	
17,130	

	
$	(3,123)	
868	
(3,251)	

Total Revenues	$  200,530	$  200,530	$	195,023	$	(5,507)	
Expenditures:					
General & Administrative:					
Engineering	$	8,500	$	5,667	$	465	$	5,201	
Attorney	18,000	12,000	7,980	4,021	
Annual Audit	5,000	4,625	4,625	-	
Assessment Administration	5,000	5,000	5,000	-	
Arbitrage Rebate	1,100	550	550	-	
Dissemination Agent	3,210	2,140	2,140	-	
Trustee Fees	8,870	8,485	8,485	-	
Management Fees	29,660	19,773	19,773	(0)	
Website Maintenance	1,200	800	800	-	
Postage & Delivery	500	333	179	155	
Insurance General Liability	7,800	6,866	6,866	-	
Printing & Binding	100	67	2	65	
Legal Advertising	4,500	3,000	419	2,581	
Other Current Charges	300	300	565	(265)	
Office Supplies	50	33	-	33	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	93,965	$	69,815	$	58,023	$	11,791	

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

Operations & Maintenance

Field Expenditures		
Landscape Maintenance	$	46,800	
Landscape Maintenance -Galiano	19,200	
Electric	27,000	
Field Management	6,869	
Contingencies	5,000	
Wall Maintenance	1,696	

$	31,200	
12,800	
18,000	
4,579	
3,333	
1,131	

$	31,200	
13,720	
17,130	
4,579	
1,600	
-	

$	-	
(920)	
870	
(0)	
1,733	
1,131	

Subtotal Field Expenditures	$  106,565	$	71,043	$	68,229	$	2,814	

Total Operations & Maintenance	$  106,565	$	71,043	$	68,229	$	2,814	

Total Expenditures	$  200,530	$  140,858	$	126,253	$	14,605	

Excess (Deficiency) of Revenues over Expenditures	$	0	$	59,672	$	68,770	$	9,098	

Net Change in Fund Balance	$	0	$	59,672	$	68,770	$	9,098	
	
Fund Balance - Beginning	$	-		$	31,848		
	
Fund Balance - Ending	$	0		$	100,618		

Quail Roost	
Community Development District	
Debt Service Fund Series 2018	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending May 31, 2026	

Adopted	Prorated Budge	Actual	
Budget	Thru 05/31/26	Thru 05/31/26	Variance	

Revenues:		
Special Assessments - Tax Roll	$	134,613	
Interest Income	5,000	

$	134,613	
3,333	

$	133,013	
3,712	

$	(1,599)	
379	

Total Revenues	$  139,613	$  137,946	$  136,725	$	(1,221)	
Expenditures:		
Interest Expense - 12/15	$	44,904	$	44,904	$	44,904	$	-	
Principal Expense - 12/15	44,000	44,000	44,000	-	
Interest Expense - 06/15	43,969	-	-	-	
Total Expenditures	$  132,873	$	88,904	$	88,904	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	6,740	$	49,042	$	47,821	$	(1,221)	

Net Change in Fund Balance	$	6,740	$	49,042	$	47,821	$	(1,221)	
		
Fund Balance - Beginning	$	104,934	$	138,504	
		
Fund Balance - Ending	$	111,674	$	186,326	

Revenues:		
Special Assessments - Tax Roll	$	305,150	
Interest Income	10,000	

	
$	305,150	
6,667	

	
$	297,317	
9,869	

	
$	(7,833)	
3,202	

Total Revenues	$  315,150	$	311,817	$  307,185	$	(4,631)	
Expenditures:		
Interest Expense - 12/15	$	86,938	$	86,358	$	86,358	$	-	
Principal Expense - 12/15	125,000	125,000	125,000	-	
Interest Expense - 06/15	85,563	-	-	-	
Total Expenditures	$  297,501	$	211,358	$  211,358	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	17,649	$	100,459	$	95,827	$	(4,631)	
Other Financing Sources/(Uses):

Transfer In/(Out)	$	-	

$	-	$

(2,935)

$	(2,935)

Quail Roost	
Community Development District	
Debt Service Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending May 31, 2026	

Total Other Financing Sources/(Uses)	$	-	$	-	$	(2,935)	$	(2,935)	
		
Net Change in Fund Balance	$	17,649	$	100,459	$	92,893	$	(7,566)	
		
Fund Balance - Beginning	$	325,662	$	366,544	
		
Fund Balance - Ending	$	343,311	$	459,437	

Quail Roost	
Community Development District	
Debt Service Fund Series 2025	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending May 31, 2026	

Revenues:		
Special Assessments - Tax Roll	$	114,617	
Interest Income	500	

	
$	114,617	
500	

	
$	113,718	
2,047	

	
$	(899)	
1,547	

Total Revenues	$  115,117	$	115,117	$  115,765	$	648	
Expenditures:		
Interest Expense - 11/01	$	18,026	$	18,026	$	18,026	$	-	
Principal Expense - 05/01	22,000	22,000	22,000	-	
Interest Expense - 05/01	46,353	46,353	46,353	-	
Total Expenditures	$	86,379	$	86,379	$	86,379	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	28,738	$	28,738	$	29,386	$	648	
Other Financing Sources/(Uses):

Transfer In	$	-	
Transfer (Out)	-	

$	-	
-	

364	
(698)	

364	
(698)	

Total Other Financing Sources/(Uses)	$	-	$	-	$	(335)	$	(335)	
		
Net Change in Fund Balance	$	28,738	$	28,738	$	29,051	$	313	
		
Fund Balance - Beginning	$	18,026	$	46,701	
		
Fund Balance - Ending	$	46,764	$	75,752	

Revenues		
Interest Income	$	-	

$	-	$

143	$

143

Quail Roost	
Community Development District	
Capital Projects Fund Series 2018	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending May 31, 2026	

Total Revenues	$	-	$	-	$	143	$	143	
Expenditures:		
Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	143	$	143	
Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$	-	$	-

Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	

Net Change in Fund Balance	$	-	$	-	$	143	$	143	
				
Fund Balance - Beginning	$	-		$	5,807	
				
Fund Balance - Ending	$	-		$	5,950	

Revenues		
Interest Income	$	-	

$	-	$

256	$

256

Total Revenues	$	-	$	-	$	256	$	256	
Expenditures:		
Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	256	$	256	
Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$

2,935

$	2,935

Quail Roost	
Community Development District	
Capital Projects Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending May 31, 2026	

Total Other Financing Sources (Uses)	$	-	$	-	$	2,935	$	2,935	

Net Change in Fund Balance	$	-	$	-	$	3,191	$	3,191	
				
Fund Balance - Beginning	$	-		$	9,505	
				
Fund Balance - Ending	$	-		$	12,696	

Quail Roost	
Community Development District	
Capital Projects Fund Series 2025	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending May 31, 2026	

Adopted	Prorated Budget	Actual	
Budget	Thru 05/31/26	Thru 05/31/26	Variance	

Revenues		
Interest Income	$	-	

$	-	$

324	$

324

Total Revenues	$	-	$	-	$	324	$	324	
Expenditures:		
Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	324	$	324	
Other Financing Sources/(Uses)

Transfer In	$	-	
Transfer (Out)	-	

$	-	
-	

$	698	
(364)	

$	698	
(364)	

Total Other Financing Sources (Uses)	$	-	$	-	$	335	$	335	

Net Change in Fund Balance	$	-	$	-	$	658	$	658	
				
Fund Balance - Beginning	$	-		$	12,434	
				
Fund Balance - Ending	$	-		$	13,093	

Quail Roost	
Community Development District	
Month to Month	

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

Revenues:														
Special Assessments - Tax Roll	$	-	$	11,288	$  143,834	$	4,047	$	5,281	$	3,808	$	6,521	$	1,248	$	-	$	-	$	-	$	-	$	176,026	
Interest Income	41	22	164	352	315	349	309	317	-	-	-	-	1,868	
Developer Contributions	2,096	2,096	2,143	2,158	2,163	2,160	-	4,313	-	-	-	-	17,130	

Total Revenues	$	2,137	$  13,406	$ 146,141	$	6,557	$	7,759	$	6,316	$	6,830	$	5,878	$	-	$	-	$	-	$	-	$  195,023	

Expenditures:														
General & Administrative:														
Engineering	$	132	$	190	$	-	$	-	$	-	$	144	$	-	$	-	$	-	$	-	$	-	$	-	$	465	
Attorney	1,460	960	500	1,080	500	2,190	1,290	-	-	-	-	-	7,980	
Annual Audit	-	-	-	-	-	-	-	4,625	-	-	-	-	4,625	
Assessment Administration	5,000	-	-	-	-	-	-	-	-	-	-	-	5,000	
Arbitrage Rebate	-	-	-	-	550	-	-	-	-	-	-	-	550	
Dissemination Agent	268	268	268	268	268	268	268	268	-	-	-	-	2,140	
Trustee Fees	4,041	4,445	-	-	-	-	-	-	-	-	-	-	8,485	
Management Fees	2,472	2,472	2,472	2,472	2,472	2,472	2,472	2,472	-	-	-	-	19,773	
Website Maintenance	100	100	100	100	100	100	100	100	-	-	-	-	800	
Postage & Delivery	5	7	150	7	3	1	3	2	-	-	-	-	179	
Insurance General Liability	6,866	-	-	-	-	-	-	-	-	-	-	-	6,866	
Printing & Binding	-	1	-	0	-	-	-	-	-	-	-	-	2	
Legal Advertising	-	-	-	-	-	-	-	419	-	-	-	-	419	
Other Current Charges	125	110	57	-	45	45	115	68	-	-	-	-	565	
Office Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  20,642	$	8,552	$	3,546	$	3,927	$	3,937	$	5,219	$	4,247	$	7,954	$	-	$	-	$	-	$	-	$	58,023	

Operations & Maintenance

Field Expenditures														
Landscape Maintenance	$	3,900	$	3,900	$	3,900	$	3,900	$	3,900	$	3,900	$	3,900	$	3,900	$	-	$	-	$	-	$	-	$	31,200	
Landscape Maintenance -Galiano	1,600	1,600	1,600	1,600	1,600	1,600	2,060	2,060	-	-	-	-	13,720	
Electric	2,096	2,096	2,143	2,158	2,163	2,160	2,154	2,159	-	-	-	-	17,130	
Field Management	572	572	572	572	572	572	572	572	-	-	-	-	4,579	
Contingencies	-	-	-	-	-	1,600	-	-	-	-	-	-	1,600	
Wall Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Capital Outlay	-	-	-	-	-	-	-	-	-	-	-	-	-	

Subtotal Field Expenditures	$	8,169	$	8,169	$	8,216	$	8,231	$	8,235	$	9,832	$	8,687	$	8,691	$	-	$	-	$	-	$	-	$	68,229	

Total Operations & Maintenance	$	8,169	$	8,169	$	8,216	$	8,231	$	8,235	$	9,832	$	8,687	$	8,691	$	-	$	-	$	-	$	-	$	68,229	

Total Expenditures	$  28,811	$  16,720	$  11,761	$  12,158	$  12,173	$  15,052	$  12,934	$  16,645	$	-	$	-	$	-	$	-	$  126,253	

Excess (Deficiency) of Revenues over Expe	$  (26,673)	$	(3,315)	$  134,379	$	(5,601)	$	(4,414)	$	(8,735)	$	(6,104)	$  (10,767)	$	-	$	-	$	-	$	-	$	68,770	

Net Change in Fund Balance	$ (26,673)	$  (3,315)	$ 134,379	$  (5,601)	$  (4,414)	$  (8,735)	$  (6,104)	$ (10,767)	$	-	$	-	$	-	$	-	$	68,770	

Page 10

	

	

	

	

	

	

Series 2018, Special Assessment Bonds (2018 Project)	
Bond Issue:	8/22/2018

Original Issue Amount:	$2,096,000

Interest Rate:	3.88%	
Maturity Date:	December 15, 2024

Interest Rate:	4.35%
Maturity Date:	December 15, 2029

Interest Rate:	4.750%
Maturity Date:	December 15, 2038

Interest Rate:	5.000%
Maturity Date:	December 15, 2048

Reserve Fund Requirement:	25% of Max Annual Debt Service

Bonds Outstanding	$2,096,000
Less:	12/15/2019	($35,000)
12/15/2020	($37,000)
12/15/2021	($38,000)
12/15/2022	($40,000)
12/15/2023	($41,000)
12/15/2024	($43,000)
12/15/2025	($44,000)	
Current Bonds Outstanding	$1,818,000	

Series 2021, Special Assessment Bonds (Expansion Area Project)	

Bond Issue:	10/7/2021

Original Issue Amount:	$5,480,000

Interest Rate:	2.20%	
Maturity Date:	December 15, 2026

Interest Rate:	2.70%
Maturity Date:	December 15, 2031

Interest Rate:	3.125%
Maturity Date:	December 15, 2041

Interest Rate:	4.000%
Maturity Date:	December 15, 2051

Reserve Fund Requirement:	25% of Max Annual Debt Service

Bonds Outstanding	$5,480,000
Less:	12/15/2022	($115,000)
3/15/2023	($35,000)
12/15/2023	($120,000)
9/15/2024	($35,000)
12/15/2024	($120,000)
9/15/2025	($35,000)
12/15/2025	($125,000)	
Current Bonds Outstanding	$4,895,000	

	

	

Series 2025, Special Assessment Bonds (Second Expansion Area Project)	

Bond Issue:	8/15/2025

Original Issue Amount:	$1,606,000

Interest Rate:	4.00%	
Maturity Date:	May 1, 2030

Interest Rate:	5.80%
Maturity Date:	May 1, 2045

Interest Rate:	6.000%
Maturity Date:	May 1, 2055

Reserve Fund Requirement:	25% of Max Annual Debt Service

Bonds Outstanding	$1,606,000
Less:	5/1/2026	($22,000)	
Current Bonds Outstanding	$1,584,000	

Quail Roost
Community Development District
Special Assessment Receipts - Miami-Dade County Fiscal Year Ending September 30, 2026

SUMMARY

Gross Assessments	$  188,578.31	$  141,697.55  $  321,210.71  $  120,649.39	$	772,135.96	
Net Assessment	$179,149.39	$134,612.67	$305,150.17	$114,616.92	$	733,529.16	
ON ROLL ASSESSMENTS
24.42%	18.35%	41.60%	15.63%	100.00%
Date
Received	Gross Tax
Received	Discounts/
(Penalties)	Commissions	Interest	Net Amount
Received	General
Fund	2018
Debt Series	2021
Debt Series	2025
Debt Series	
Total	

11/17/25	
$18,119.34	
$724.77	
$173.94	
$0.00	
$17,220.63	
$3,900.02	
$	1,584.35	
$	5,213.73	
$	6,522.52	
$17,220.63	
11/19/25	$5,817.18	$280.29	$55.37	$0.00	$5,481.52	$1,661.37	$2,700.48	$1,119.67	$0.00	$5,481.52	
11/28/25	$22,736.64	$909.47	$218.29	$0.00	$21,608.88	$5,726.15	$6,337.36	$5,813.41	$3,731.96	$21,608.88	
12/05/25	$601,549.23	$24,061.99	$5,774.86	$0.00	$571,712.38	$138,387.68	$98,229.36	$259,285.02	$75,810.32	$571,712.38	
12/19/25	$25,871.78	$1,009.81	$248.62	$0.00	$24,613.35	$5,446.01	$1,584.35	$8,566.89	$9,016.10	$24,613.35	
01/08/26	$15,841.68	$437.89	$154.03	$0.00	$15,249.76	$3,878.08	$3,639.10	$2,393.40	$5,339.18	$15,249.76	
01/26/26	$0.00	$0.00	$0.00	$698.56	$698.56	$168.89	$119.14	$300.45	$110.08	$698.56	
02/08/26	$19,979.47	$399.59	$195.80	$0.00	$19,384.08	$5,280.74	$6,469.42	$1,919.36	$5,714.56	$19,384.08	
03/11/26	$12,540.01	$150.48	$123.89	$0.00	$12,265.64	$3,807.75	$6,518.93	$1,938.96	$0.00	$12,265.64	
04/11/26	$27,537.09	$0.00	$275.37	$0.00	$27,261.72	$6,489.30	$4,143.58	$9,180.80	$7,448.04	$27,261.72	
04/22/26	$0.00	$0.00	$0.00	$119.39	$119.39	$31.99	$36.89	$25.75	$24.76	$119.39	
05/13/26	$4,444.25	($58.05)	$45.04	$0.00	$4,457.26	$1,247.60	$1,650.35	$1,559.31	$0.00	$4,457.26	
TOTALS	$  754,436.67	$  27,916.24	$	7,265.21	$ 817.95	$720,073.17	$176,025.58	$  133,013.31	$  297,316.76	$  113,717.51	$	720,073.17	

97.71%
$	17,699.29

Gross Percent Collected Gross Balance Remaining to Collect

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