May 19, 2026

Candler Hills East
Community Development District
Meeting Agenda
Tuesday	Circle Square Commons
May 19, 2026	8395 SW 80th St
9:00 AM	Ocala, FL

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the February 17, 2026 Board of Supervisors Meeting
Consideration of Resolution 2026-01 Approving the Fiscal Year 2027 Proposed Budget and Setting a Public Hearing
Review and Acceptance of the Fiscal Year 2025 Audit Report
Staff Reports
Attorney
Engineer
Consideration of Work Authorization 2026-01 for Annual Engineer’s Report
District Manager
Consideration of Check Register
Balance Sheet and Income Statement
Review of Fiscal Year 2025 Engineer’s Report
Review of Summary of Engineer’s Reports
General Election Qualifying Period and Procedure
Presentation of Registered Voters - 992
Supervisor's Requests
Other Business
Adjournment

Minutes
MINUTES OF MEETING CANDLER HILLS EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Candler Hills East Community Development District was held on Tuesday, February 17, 2026 at 9:00 a.m. at Live Oak Hall, 8413 SW 80th Street, Suites 7 & 8, Ocala, Florida.

Present and constituting a quorum were:
John Bain	Chairman
George Hill	Vice Chairman
Paul Jenkins	Assistant Secretary
Robert Scherff	Assistant Secretary
Elmer Greene	Assistant Secretary Also present were:
George Flint	District Manager
Rob Szozda	GMS
Gerald Colen	District Counsel
Bryan Schmalz	BLCDD
Rachel Wagoner	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order at 9:00 a.m. and called roll. There were five Board members present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Are there any members of the public that would like to provide comments to the Board? Hearing no comments, we will move on to the next item.

THIRD ORDER OF BUSINESS	Approval of Minutes of the November 18,
2025 Board of Supervisors Meeting
Mr. Flint: Next you have the minutes from November 18, 2025. Were there any comments or corrections to those? If there are no comments or corrections, is there a motion to approve them?
Mr. Scherff: I’ll make a motion to approve them.

FOURTH ORDER OF BUSINESS	Presentation of Arbitrage Reports
Mr. Flint: Item four is the arbitrage rebate report. You may have heard in the Indigo meeting, this is a report that you've engaged Amtec to do annually. The IRS requires you to demonstrate that you're not earning more interest than you're paying. That gets reported every five years. The cost of doing it one time every five years ends up being the same as if you do it annually. It makes sense to do it annually in case you have an issue, you know it earlier. You can see that there's a negative rebatable arbitrage of $41,846.26, which means there are no issues. Any questions on the report?
Mr. Bain: I have a comment. On the first letter there, December 3rd, the third paragraph, it says we express no opinion as to the completeness, atrophy, or suitability. What does that mean?
Mr. Flint: That means they're covering themselves. If you look at the annual independent audit, there's a lot of similar language in there. They're just covering themselves in the event they were provided inaccurate information. The information is straightforward. You all have an annual independent audit performed, so there's trust statements that are provided that are prepared by the trustees. You're paying $450 for this report, so they are going to limit themselves a little bit. Any other questions? If not, is there a motion to accept the report?

FIFTH ORDER OF BUSINESS	Staff Report
Attorney
Mr. Flint: It has been quiet on the legal front. Nothing to report.

District Manager’s Report
Consideration of Check Register
Mr. Flint: You have consideration of the check register for the general fund and the Board compensation. The detailed register is behind the summary. If there's any questions, we can discuss those. If not, I'd ask for a motion to approve it.

Balance Sheet and Income Statement
Mr. Flint: Next is the unaudited financials through December 31, 2025. There is no action required by the Board. If you have any questions we can discuss those. We have the combined balance sheet on page one. There's approximately $75,000 in your operating account and $21,000 in your state Board investment account. There's $47,000 due to debt service. That debt service assessment revenue comes in one check with your operating O&M assessments, and we transmit it to the trustee so that's in process. On the general fund maintenance, you've collected about
$15,000 of the $55,000 that you've certified and that’s not unusual. Marion County is a little bit slower on the transmission of the assessment revenue to the CDD.
Mr. Bain: This is just really covering November and December?
Mr. Flint: Right, the tax bill comes out on November 1st. Typically, the first assessment receipts come in late November. You can see the last page of the financials, what we've received from the county.
Mr. Scherff: I checked it from last year and it’s about the same, it looks right.
Mr. Flint: They're a little bit slower than some counties, but you're over 100% collected every year, so it shouldn't be an issue. Any questions on the financials?

SIXTH ORDER OF BUSINESS	Supervisor’s Requests
Mr. Flint: Are there any Supervisor requests or other business?
Mr. Jenkins: The engineer report, can we put that just under your comments in the next Board meeting? I never received it.
Mr. Flint: Which engineer’s report?

Mr. Jenkins: From the last meeting. I’m interested in what our obligation is for an engineering report. My understanding is we have to certify to the bond holder the county and SWFWMD but I’m not sure what reports and when they’re required can you give us some information on that at the next Board meeting?
Mr. Flint: Yeah, I’ll do that. Just briefly, there’s something called a public facilities report. That’s a state requirement and the initial report gets done when the District is created and then it gets updated every seven years. That deals with all the infrastructure that a CDD would own. The trust indenture also requires annually that the engineer inspect and certify that the infrastructure is being maintained properly that we're budgeting adequately, and that we're carrying proper insurance. That's an annual requirement. The state implemented a new requirement a couple of years ago that requires that we file a report specific to the stormwater system, and that is filed every five years. Then you've got the ERP, the environmental resource permit, and it has periodic reporting. So those are all the requirements. I can put more information together for the next meeting if you'd like.
Mr. Jenkins: I've got one other question. When do we make the bond payment?
Mr. Flint: There's a November 1st payment and May 1st payment. November of 2025 tax bill collects for May of 2026 and November of 2026. We collect the assessments; we send it to the trustee. The trustee is the one that handles paying the bondholders in May and November. Our obligation is to collect the debt assessments, send it to the trustee.
Mr. Jenkins: Then the last question is, when do we start budgeting for 2027?
Mr. Flint: It's a two-step process. You approve a proposed budget in the spring and you set the public hearing for its final adoption in the fall and it's either going to be April, July or it'll be May, August. It's going to be based on your meeting schedule it'll end up being May August so the Board can have additional meetings to workshop the budget, understanding there's a cost to do that. We'll come back at your next meeting with a proposed budget and then you'll review that, approve the proposed budget, and set the hearing for August. Does that answer the question?
Mr. Jenkins: So, we'll take this up at the May meeting? Mr. Flint: Right. Anything else from the Board?

SEVENTH ORDER OF BUSINESS	Other Business
There being no comments, and the next item followed.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV
RESOLUTION 2026-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Candler Hills East Community Development District (“District”) prior to June 15, 2026, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2026 and ending September 30, 2027 (“Fiscal Year 2026/2027”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 18, 2026
HOUR:	9:00 a.m.
LOCATION:	Circle Square Commons, Cultural Center 8395 SW 80th Street
Ocala, FL 34481
TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Marion County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.
PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 19TH DAY OF MAY, 2026.
ATTEST:	CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT

By:	

Secretary	Its:	

Candler Hills East
Community Development District

Proposed Budget
FY 2027
Table of Contents

1

2-4

5

6

7
General Fund

General Fund Narrative

Debt Service Fund - Series 2016

Amortization Schedule - Series 2016

Capital Reserves Fund

Candler Hills East
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027		

Revenues						
Maintenance Assessments	$	55,051	$	53,070	$	1,981	$	55,051	$	55,360	
Interest	$	-	$	845	$	422	$	1,267	$	-	
Carry Forward Surplus	$	14,135	$	53,556	$	-	$	53,556	$	21,403	
Total Revenues	$	69,186	$	107,470	$	2,404	$	109,874	$	76,763	

Expenditures						
General & Administrative						
Supervisor Fees	$	4,000	$	1,800	$	3,000	$	4,800	$	4,000	
FICA Expenditure	$	306	$	138	$	230	$	367	$	306	
Engineering	$	4,000	$	-	$	2,000	$	2,000	$	10,000	
Trustee Fees	$	2,255	$	2,110	$	145	$	2,255	$	2,255	
Dissemination	$	2,866	$	1,533	$	1,434	$	2,967	$	3,009	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Assessment Administration	$	5,732	$	5,732	$	-	$	5,732	$	6,019	
Attorney	$	6,500	$	3,000	$	3,500	$	6,500	$	6,500	
Annual Audit	$	3,300	$	3,300	$	-	$	3,300	$	3,400	
Management Fees	$	10,131	$	5,066	$	5,064	$	10,130	$	10,638	
Information Technology	$	1,082	$	541	$	540	$	1,081	$	1,136	
Website Maintenance	$	812	$	406	$	408	$	814	$	853	
Telephone	$	50	$	-	$	50	$	50	$	50	
Postage	$	625	$	178	$	313	$	491	$	625	
Printing & Binding	$	250	$	99	$	100	$	199	$	250	
Insurance	$	7,425	$	7,155	$	-	$	7,155	$	7,871	
Legal Advertising	$	700	$	-	$	700	$	700	$	700	
Other Current Charges	$	860	$	329	$	468	$	797	$	860	
Office Supplies	$	150	$	1	$	50	$	51	$	150	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	51,669	$	32,013	$	18,001	$	50,014	$	59,246	

Operations & Maintenance						
Mulch	$	7,920	$	-	$	7,920	$	7,920	$	7,920	
Contingency	$	3,097	$	-	$	1,549	$	1,549	$	3,097	
Stormwater	$	6,500	$	-	$	3,250	$	3,250	$	6,500	
Total Operations & Maintenance:	$	17,517	$	-	$	12,719	$	12,719	$	17,517	
						
Total Expenditures	$	69,186	$	32,013	$	30,719	$	62,733	$	76,763	
						
Excess Revenues/(Expenditures)	$	-	$	75,457	$	(28,316)	$	47,142	$	-	

	FY2023	FY2024	FY2025	FY2026	FY2027	
Net Assessments	$55,051	$55,051	$55,051	$55,051	$55,360	
Discounts & Collections (6%)	$3,514	$3,514	$3,514	$3,514	$3,534	
Gross Assessments	$58,565	$58,565	$58,565	$58,565	$58,894	

Total Units	
628	
628	
628	
628	
631.50	
Assessments per Unit	$93.26	$93.26	$93.26	$93.26	$93.26	

Revenues:

Maintenance Assessments

The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the Fiscal Year.

Interest

The District receives interest earnings from its cash balance in the Truist operating account.

Carry Forward

Represents amount used to offset the District’s fiscal year expenditure.

Expenditures:

Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. This amount is based on 5 Supervisors attending 4 monthly meetings.

FICA Expenditure

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District’s engineer, Dewberry Engineers, Inc., will be providing general engineering services to the District, e.g., attendance and preparation for monthly meetings, reviewing invoices, and various projects assigned as directed by the Board of Supervisors. The District currently has an agreement with Dewberry Engineers, Inc.

Trustee Fees

The District issued Series 2016 Special Assessment Refunding Bonds that are administered by a Trustee at US Bank.
Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues. Governmental Management Services – CF, LLC is contracted for this service.

Arbitrage

The District has contracted with AMTEC to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Special Assessment Refunding Bonds.

Assessment Administration

Governmental Management Services – Central Florida, LLC serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the Marion County Tax Collector’s Office.

Attorney

The District’s legal counsel, Colen and Wagoner P. A., provides general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Grau & Associates for this service.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.
Governmental Management Services-Central Florida, LLC, provides these services.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services-Central Florida, LLC, provides these services.

Telephone

Represents cost for telephone and fax machine.

Postage

Mailing of Board Meeting agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability & public officials liability insurance policy is with Florida Insurance Alliance. The Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses that are incurred during the year.

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Maintenance:

Mulch

Represents costs related to mulch installed in the District.

Contingency

To record the cost of any maintenance expenses not properly classified in any of the other accounts.

Stormwater

Represent cost for stormwater expenses in the District.
Candler Hills East
Community Development District Proposed Budget
Debt Service Fund Series 2016

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027		

Revenues						
Assessments - Tax Roll	$	206,154	$	193,293	$	12,861	$	206,154	$	200,467	
Assessments - Prepayments	$	-	$	9,009	$	-	$	9,009	$	-	
Interest Income	$	7,422	$	6,872	$	1,718	$	8,591	$	4,295	
Carry Forward Surplus	$	274,654	$	282,761	$	-	$	282,761	$	263,107	
Total Revenues	$	488,230	$	491,934	$	14,579	$	506,514	$	467,869	

Expenditures						
General & Administrative:						
Special Call - 11/1	$	-	$	25,000	$	-	$	25,000	$	-	
Interest - 11/1	$	36,944	$	36,944	$	-	$	36,944	$	33,725	
Principal - 5/1	$	130,000	$	-	$	130,000	$	130,000	$	130,000	
Special Call - 5/1	$	-	$	-	$	15,000	$	15,000	$	-	
Interest - 5/1	$	36,944	$	-	$	36,463	$	36,463	$	33,725	
Total Expenditures	$	203,888	$	61,944	$	181,463	$	243,406	$	197,450	
						
Excess Revenues/(Expenditures)	$	284,342	$	429,990	$	(166,883)	$	263,107	$	270,419	

Interest - Nov 1, 2027  $	31,288 

Net Assessments	$200,467 Discounts & Collections (6%) 		$12,796 
Gross Assessments	$213,263
Total Units	387.75
Assessments per Unit 	$550 
Candler Hills East Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/26	$	1,730,000.00	$	-	$	33,725.00			
05/01/27	$	1,730,000.00	$	130,000.00	$	33,725.00	$	197,450.00	
11/01/27	$	1,600,000.00	$	-	$	31,287.50			
05/01/28	$	1,600,000.00	$	135,000.00	$	31,287.50	$	197,575.00	
11/01/28	$	1,465,000.00	$	-	$	28,756.25			
05/01/29	$	1,465,000.00	$	140,000.00	$	28,756.25	$	197,512.50	
11/01/29	$	1,325,000.00	$	-	$	26,131.25			
05/01/30	$	1,325,000.00	$	145,000.00	$	26,131.25	$	197,262.50	
11/01/30	$	1,180,000.00	$	-	$	23,412.50			
05/01/31	$	1,180,000.00	$	150,000.00	$	23,412.50	$	196,825.00	
11/01/31	$	1,030,000.00	$	-	$	20,600.00			
05/01/32	$	1,030,000.00	$	155,000.00	$	20,600.00	$	196,200.00	
11/01/32	$	875,000.00	$	-	$	17,500.00			
05/01/33	$	875,000.00	$	160,000.00	$	17,500.00	$	195,000.00	
11/01/33	$	715,000.00	$	-	$	14,300.00			
05/01/34	$	715,000.00	$	170,000.00	$	14,300.00	$	198,600.00	
11/01/34	$	545,000.00	$	-	$	10,900.00			
05/01/35	$	545,000.00	$	175,000.00	$	10,900.00	$	196,800.00	
11/01/35	$	370,000.00	$	-	$	7,400.00			
05/01/36	$	370,000.00	$	180,000.00	$	7,400.00	$	194,800.00	
11/01/36	$	190,000.00	$	-	$	3,800.00			
05/01/37	$	190,000.00	$	190,000.00	$	3,800.00	$	197,600.00	
			$	1,730,000.00	$	435,625.00	$	2,165,625.00	

Candler Hills East
Community Development District Proposed Budget
Capital Reserves Fund

Description	Adopted Budget
FY2026	Actuals Thru
3/31/26	Projected Next
6 Months	Projected Thru
9/30/26	Proposed Budget
FY2027						

Revenues											
Interest Income
Carry Forward Surplus	$	3,914
$	185,918	$	3,745
$	186,420	$	936
$	-	$	4,682
$	186,420	$	2,341
$	191,101						
Total Revenues	$	189,831	$	190,165	$	936	$	191,101	$	193,442						

Expenditures											

Capital Outlay	
$	
-	
$	
-	
$	
-	
$	
-	
$	
-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-						

Section V

CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT
MARION COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025
CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT MARION COUNTY, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds		
to the Statement of Net Position	10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	23	
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	

24-25	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

26	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
27-28	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
Candler Hills East Community Development District Marion County, Florida
1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Candler Hills East Community Development District, Marion County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. 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, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the 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 financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the 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 our report dated March 19, 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, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the 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.

March 19, 2026
MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Candler Hills East Community Development District, Marion County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The assets plus deferred outflows of resources of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $1,421,116.

The change in the District’s total net position in comparison with the prior fiscal year was $12,837, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2025, the District’s governmental funds reported combined ending fund balances of
$624,743, an increase of $60,327 in comparison with the prior fiscal year. The total fund balance is restricted for debt service, non-spendable for prepaid items, assigned for subsequent year’s expenditures and capital reserves, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

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

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

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

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets plus deferred outflows of resources exceeded liabilities at the close of the fiscal year.

Key components of the District’s net position are reflected in the following table:
NET POSITION SEPTEMBER 30,
	2025	2024	
Current and other assets	$	624,896	$	568,648	
Capital assets, net of depreciation	2,711,740	2,889,711	
Total assets	3,336,636	3,458,359	
Deferred outflows of resources	15,249	16,534	
Current liabilities	30,940	36,800	
Long-term liabilities	1,899,829	2,029,814	
Total liabilities	1,930,769	2,066,614	
Net position			
Net investment in capital assets	827,160	876,431	
Restricted	353,980	297,944	
Unrestricted	239,976	233,904	
Total net position	$	1,421,116	$	1,408,279	

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
Revenues:	2025	2024
Program revenues
Charges for services	$	301,767	$	285,349	
Operating grants and contributions	15,910	18,435	
General revenues			
Unrestricted investment earnings	8,997	9,584	
Miscellaneous	-	20	
Total revenues	326,674	313,388	
Expenses:			
General government	50,944	48,789	
Maintenance and operations	185,511	185,998	
Interest	77,382	81,999	
Total expenses	313,837	316,786	
Change in net position	12,837	(3,398)	
Net position - beginning	1,408,279	1,411,677	
Net position - ending	$	1,421,116	$	1,408,279	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025, was $313,837. The costs of the District’s activities were partially funded by program revenues. Program revenues were comprised primarily of assessments and interest earnings. In total, expenses decreased from the prior fiscal year, the majority of the decrease was the result of a decrease in interest expense.

GENERAL BUDGETING HIGHLIGHTS

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

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets

At September 30, 2025, the District had $5,915,218 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $3,203,478 has been taken, which resulted in a net book value of $2,711,740. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2025, the District had $1,900,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, landowners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Candler Hills East Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, FL 32801.
CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT MARION COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2025

	Governmental
	Activities		
ASSETS		
Cash	$	15,556	
Investments	30,661	
Prepaids and other assets	7,492	
Restricted assets:		
Investments	571,187	
Capital assets:		
Nondepreciable	1,373,401	
Depreciable, net		1,338,339 	
Total assets		3,336,636 	
DEFERRED OUTFLOWS OF RESOURCES		
Deferred charge on refunding (debit)		15,249 	
Total deferred outflows of resources		15,249 	
LIABILITIES		
Accounts payable	153	
Accrued interest payable	30,787	
Non-current liabilities:		
Due within one year	130,000	
Due in more than one year		1,769,829 	
Total liabilities		1,930,769 	
NET POSITION		
Net investment in capital assets	827,160	
Restricted for debt service	353,980	
Unrestricted		239,976 	
Total net position	 $	1,421,116 	

See notes to the financial statements
CANDLER HILLS EAST COMMUNITY DEVELOPMENT DISTRICT MARION COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net (Expense) Revenue and Changes in Net
    Program Revenues	Position   
Charges for
Operating Grants and

Governmental
Functions/Programs		Expenses	Services	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	50,944	$	50,944	$	-	$	-	
Maintenance and operations	185,511	4,615	-	(180,896)	
Interest on long-term debt		77,382	246,208	15,910	184,736 
Total governmental activities		313,837	301,767	15,910	3,840 

General revenues:
Unrestricted investment earnings		8,997 	
Total general revenues		8,997 	
Change in net position	12,837	
Net position - beginning		1,408,279 	
Net position - ending	 $	1,421,116 	

See notes to the financial statements

8
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds	
Capital
Total Governmental
General
Debt Service
Projects
Funds
ASSETS					
Cash	$	15,556	$	-	$	-	$	15,556	
Investments	30,661	384,767	186,420	601,848	
Prepaid items	7,492	-	-	7,492	
Total assets	$	53,709	$	384,767	$	186,420	$	624,896	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	153	$	-	$	-	$	153	
Total liabilities	153	-	-	153	

Fund balances:
Nonspendable:
Prepaid items	7,492	-	-	7,492	
Restricted for:					
Debt service	-	384,767	-	384,767	
Assigned for:					
Subsequent year's expenditures	14,135	-	-	14,135	
Capital reserves	-	-	186,420	186,420	
Unassigned	31,929	-	-	31,929	
Total fund balances	53,556	384,767	186,420	624,743	

Total liabilities and fund balances	
$	53,709	
$	384,767	
$	186,420	
$	624,896	

See notes to the financial statements
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2025

Fund balance - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
$	624,743
Cost of capital assets	5,915,218		
Accumulated depreciation		(3,203,478) 	2,711,740	
Deferred charges on refunding of long-term debt are shown as deferred outflows/inflows of resources in the government-wide financial statements; however, this amount is expensed in the governmental fund financial statements.		

15,249	
Liabilities not due and payable from current available resources are  not  reported  as  liabilities  in  the  governmental fund			
statements.	All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(30,787)	
Bonds payable			(1,899,829)	(1,930,616) 	
Net position of governmental activities		 $	1,421,116 	

See notes to the financial statements
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds	
Capital
Total Governmental
	General	Debt Service	Projects	Funds	
REVENUES
Assessments	
$	55,559	
$	246,208	
$	-	
$	301,767	
Interest	667	15,910	8,330	24,907	
Total revenues	56,226	262,118	8,330	326,674	
EXPENDITURES
Current:
General government	

50,944	

-	

-	

50,944	
Maintenance and operations	7,540	-	-	7,540	
Debt service:
Principal	
-	
130,000	
-	
130,000	
Interest	-	77,863	-	77,863	
Total expenditures	58,484	207,863	-	266,347	

Excess (deficiency) of revenues over (under) expenditures	

(2,258)	

54,255	

8,330	

60,327	
Fund balances - beginning	55,814	330,512	178,090	564,416	

Fund balances - ending	
$	53,556	
$	384,767	
$	186,420	
$	624,743	

See notes to the financial statements
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL 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:
Depreciation on capital assets is not recognized in the governmental fund statement but is reported as an expense in the statement of activities.
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.
Expenses reported in the statement of activities that do not require the use of current financial resources are not reported as expenditures in the funds. The details of the differences are as follows:
60,327

(177,971)

1,781
Amortization of original issue discount	(15)
Amortization of deferred amount on refunding	(1,285)
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of
activities.
Change in net position of governmental activities
	130,000 
 $	12,837 

See notes to the financial statements
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Candler Hills East Community Development District ("District") was created on November 19, 2002, by Ordinance No. 02-27 of Marion County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at-large basis by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.
The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.
Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.
The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a “2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Asset	Life
Improvements other than buildings	25
Infrastructure	30
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
Refundings of Debt
For current refundings and advance refundings resulting in the defeasance of debt, the difference between the reacquisition price and the net carrying amount of the old debt is reported as a deferred outflow of resources and recognized ratably as a component of interest expense over the remaining life of the old debt or the life of the new debt, whichever is shorter. In connection with the refunding, $1,285 was recognized as a component of interest expense in the current fiscal year.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.
In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

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

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

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

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

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

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

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

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for all governmental funds. All annual appropriations lapse at fiscal year-end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearing(s) are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board, unless otherwise delegated by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
NOTE 4 – DEPOSITS AND INVESTMENTS

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

Investments
The District’s investments were held as follows at September 30, 2025:
  Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund
Florida PRIME	$	217,081	S&P AAAm	portfolio: 47 days
US Bank Gcts 0490		384,767 	N/A	N/A
Total Investments	 $	601,848 

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District has adopted the State’s alternative investment guidelines as a part of its compliance with Sec. 218.415(17) F.S., that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

Investments (Continued)
External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2025, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – CAPITAL ASSETS
Capital asset activity for the fiscal year ended September 30, 2025, was as follows:

Beginning Balance

Additions	Reductions
Ending Balance
Governmental activities
Capital assets, not being depreciated					
Land and improvements	$	1,373,401	$	-	$	-	$	1,373,401	
Total capital assets, not being depreciated	1,373,401	-	-	1,373,401	

Capital assets, being depreciated Improvements other than buildings	

3,986,633	

-	

-	

3,986,633	
Infrastructure	555,184	-	-	555,184	
Total capital assets, being depreciated	4,541,817	-	-	4,541,817	

Less accumulated depreciation for: Improvements other than buildings	

2,710,905	

159,465	

-	

2,870,370	
Infrastructure	314,602	18,506	-	333,108	
Total accumulated depreciation	3,025,507	177,971	-	3,203,478		

Total capital assets, being depreciated, net	
1,516,310	
(177,971)	
-	1,338,339		

Governmental activities capital assets	
$	2,889,711	
$	(177,971)	
$	-	$	2,711,740		

Depreciation expense was charged to the maintenance and operations function.
NOTE 6 – LONG-TERM LIABILITIES

On November 17, 2016, the District issued $3,380,000 of Special Assessment Revenue Refunding Bonds, Series 2016 consisting of various Term Bonds with due dates ranging from May 1, 2017, to May 1, 2037, and fixed interest rates ranging from 4.125% to 4.5%. The Bonds were issued to refund District’s outstanding Special Assessment Refunding Bonds, Series 2006 (the “Refunded Bonds”), pay certain costs associated with the issuance of the Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2017, through May 1, 2037.

The Series 2016 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2016 Bonds are subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District prepaid
$40,000 of the Series 2016 Bonds.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and 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. The District was in compliance with the requirements at September 30, 2025.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2025, were as follows:

	Beginning
Balance	
Additions	
Reductions	
Ending Balance	Due Within
One Year	
Bonds payable:
Series 2016	
$	2,030,000	
$	-	$	
130,000	
$	1,900,000	
$	130,000	
Less original issue discount	186	-	15	171	-	
Total	$	2,029,814	$	-	$	129,985	$	1,899,829	$	130,000	
At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows:

Year ending
	September 30:	Principal	Interest	Total	
2026	$	130,000	$	73,888	$	203,888	
2027	135,000	69,013	204,013	
2028	135,000	63,950	198,950	
2029	140,000	58,888	198,888	
2030	150,000	53,638	203,638	
2031-2035	830,000	177,613	1,007,613	
2036-2037		380,000	23,000	403,000 			
Total	 $	1,900,000  $	519,990	$	2,419,990 			

NOTE 7 – MANAGEMENT COMPANY
The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 8 – 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. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims over the past three years.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Variance with
	Budgeted
	Amounts	 Original & Final	Actual Amounts	Final Budget
Positive (Negative)	
REVENUES
Assessments	
$	55,051	
$	55,559	
$	508	
Interest	-	667	667	
Total revenues	55,051	56,226	1,175	

EXPENDITURES
Current:
General government	51,981	50,944	1,037	
Maintenance and operations	17,517	7,540	9,977	
Total expenditures	69,498	58,484	11,014	

Excess (deficiency) of revenues over (under) expenditures	

(14,447)	

(2,258)	

12,189	

OTHER FINANCING SOURCES (USES)				
Carryforward surplus	14,447	-	(14,447)	
Total other financing sources (uses)	14,447	-	(14,447)	

Net change in fund balances	
 $	-		
(2,258)	
 $	(2,258) 	
Fund balance - beginning			55,814 		
Fund balance - ending		 $	53,556 		

See notes to required supplementary information
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	
5	

Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.	

6	
Employee compensation	$4,600	
Independent contractor compensation	$52,604	
Construction projects to begin on or after October 1; (>$65K)	Not applicable	
Budget variance report	See the Schedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes	Not applicable	
Non ad valorem special assessments; Special assessment rate	
Operations and maintenance - $93 Debt service - $550	
Special assessments collected	$301,767	
Outstanding Bonds:		
Series 2016, due May 1, 2037	$1,900,000	
1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Candler Hills East Community Development District Marion County, 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, the financial statements of the governmental activities and each major fund of Candler Hills East Community Development District, Marion County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated, March 19, 2026.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
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 a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
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.

March 19, 2026

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

To the Board of Supervisors
Candler Hills East Community Development District Marion County, Florida

We have examined Candler Hills East Community Development District, Marion County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Candler Hills East Community Development District, Marion County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

March 19, 2026

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Candler Hills East Community Development District Marion County, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of Candler Hills East Community Development District, Marion County, Florida ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated March 19, 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 Reporting Requirements

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 the Financial Statements Performed in Accordance with Government Auditing Standards; and 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 March 19, 2026, should be considered in conjunction with this management letter.
Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

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, as applicable, management, and the Board of Supervisors of Candler Hills East Community Development District, Marion County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Candler Hills East Community Development District, Marion County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

March 19, 2026
REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.
Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2025.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2025.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2025. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.
Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 23.

Section VI

Section B

Section 1

Sent Via Email: gflint@gmscfl.com
March 30, 2026 Mr. George Flint
Candler Hills East Community Development District 219 East Livingston Street
Orlando, Florida 32801

Subject:	Work Authorization Number 2026-1
Candler Hills East Community Development District
Annual Engineer’s Report 2026

Dear Mr. Flint:

Dewberry Engineers Inc. (Engineer) is pleased to submit this Work Authorization to provide professional consulting engineering services for the Candler Hills East Community Development District (CDD). We will provide these services pursuant to our current agreement (“District Engineering Agreement”) as follows:

Scope of Work

We will provide the Annual Engineer’s Report for the CDD as required by the Trust Indenture for
this fiscal year. The report will address the requirements as detailed in Section 9.21 of the Trust.

Fees

The CDD will compensate the Engineer pursuant to the hourly rate schedule, as attached to this Work Authorization. We estimate a not-to-exceed budget of $4,000, plus other direct costs. The CDD will reimburse the Engineer all direct costs, which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Engineering Agreement.

Thank you for considering Dewberry. We look forward to helping you create a quality project. Sincerely,	APPROVED AND ACCEPTED

By: 	
Cole Landau	Authorized Representative of
Senior Project Manager	Candler Hills East
Community Development District

_March 30, 2026	
Date	Date

Rey Malavé, P.E. Associate Vice President
_March 30, 2026	 Date

Page 1 of 1

Section C

Section 1

Summary of Invoices

	February 1, 2026 to April	30, 2026				
Fund	Date	Check No.'s		Amount		

General Fund	

2/18/26	

1207	

$		

1,249.42	
	2/20/26	1208-1209	$		71,997.33	
	3/18/26	1210	$		1,361.43	
	4/3/26	1211	$		2,128.06	
4/22/26	1212-1213	 $	6,284.04 				
		$	83,020.28				
Supervisor Fees - February 2026 Elmer L. Greene	
50337	
$	184.70				
George C. Hill	50338	$	184.70				
Paul H. Jenkins	50339	$	184.70				
John D. Bain	50340	$	184.70				
Robert H. Scherff	50341	$	184.70				
		$	923.50				
	Total Amount	$	83,943.78				
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/08/26	PAGE	1
*** CHECK DATES 02/01/2026 - 04/30/2026 ***	CANDLER HILLS-GENERAL FUND
BANK A CANDLER HILLS CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
285	202602 310-51300-34000
MANAGEMENT FEES-FEB26
285	202602 310-51300-35200
WEBSITE MANAGEMENT-FEB26
285	202602 310-51300-35100
INFORMATION TECH-FEB26
285	202602 310-51300-31300
DISSEMINATION SVCS-FEB26
285	202602 310-51300-51000
OFFICE SUPPLIES
285	202602 310-51300-42000
POSTAGE
GOVERNMENTAL
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/20/26 00005	2/17/26 7305	202600 310-51300-31500
GENERAL COUNSEL FEB26
COLEN & WAGONER PA	1,500.00 001208
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/20/26 00033	2/20/26 02202026 202602 300-20700-10200	*	70,497.33
ASSESSMENT TRANSFER-S2016
CANDLER HILLS EAST CDD CO USBANK	70,497.33 001209
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
286	202603 310-51300-34000	*	844.25
MANAGEMENT FEES-MAR26
286	202603 310-51300-35200	*	67.67
WEBSITE MANAGEMENT-MAR26
286	202603 310-51300-35100	*	90.17
INFORMATION TECH-MAR26
286	202603 310-51300-31300	*	238.83
DISSEMINATION SVCS-MAR26
286	202603 310-51300-51000	*	.18
OFFICE SUPPLIES 286
POSTAGE 286
COPIES

FEE FY26
1,773.38

ASSESSMENT TRANSFER-S2016
CANDLER HILLS EAST CDD CO USBANK	5,039.82 001212
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CAND CANDLER HILLS	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/08/26	PAGE	2
*** CHECK DATES 02/01/2026 - 04/30/2026 ***	CANDLER HILLS-GENERAL FUND
BANK A CANDLER HILLS CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/22/26 00019	4/01/26 287	202604 310-51300-34000	*	844.25
MANAGEMENT FEES-APR26
4/01/26 287	202604 310-51300-35200	*	67.67
WEBSITE MANAGEMENT-APR26
4/01/26 287	202604 310-51300-35100	*	90.17
INFORMATION TECH-APR26
4/01/26 287	202604 310-51300-31300	*	238.83
DISSEMINATION SVCS-APR26
4/01/26 287	202604 310-51300-42500	*	3.30
COPIES
GOVERNMENTAL MANAGEMENT SERVICES-CF	1,244.22 001213
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	83,020.28
TOTAL FOR REGISTER	83,020.28

CAND CANDLER HILLS	CWRIGHT

Section 2

Candler Hills East
Community Development District

Unaudited Financial Reporting
March 31, 2026
Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund Series 2016

	Capital Reserve Fund

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule
Combined Balance Sheet March 31, 2026

	General		Debt Service		Capital Reserve		Totals		
	Fund		Fund		Fund	Governmental Funds			

Assets:
Cash:
Operating Account	

$	

64,512	

$	

-	

$	

-	

$	

64,512	
State Board of Administration	$	21,059	$	-	$	-	$	21,059	
Investments:
State Board of Administration	
$	
-	
$	
-	
$	
190,165	
$	
190,165	
Series 2016									
Reserve	$	-	$	102,006	$	-	$	102,006	
Revenue	$	-	$	415,721	$	-	$	415,721	
Prepayment	$	-	$	9,230	$	-	$	9,230	
Due from General Fund	$	-	$	5,040	$	-	$	5,040	
Prepaid Expenses	$	355	$	-	$	-	$	355	
Total Assets	$	85,925	$	531,997	$	190,165	$	808,087	
Liabilities:									
Accounts Payable	$	5,428	$	-	$	-	$	5,428	
Due to Debt Service	$	5,040	$	-	$	-	$	5,040	
Total Liabilites	$	10,468	$	-	$	-	$	10,468	

Fund Balance:
Assigned for: Capital Reserves	

$	

-	

$	

-	

$	

190,165	

$	

190,165	
Nonspendable:
Deposits and Prepaid Items	
$	
355	
$	
-	
$	
-	
$	
355	
Restricted for:
Debt Service 2016	
$	
-	
$	
531,997	
$	
-	
$	
531,997	
Unassigned	$	75,103	$	-	$	-	$	75,103	
Total Fund Balances	$	75,457	$	531,997	$	190,165	$	797,619	
									
Total Liabilities & Fund Balance	$	85,925	$	531,997	$	190,165	$	808,087	

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

Revenues:					
Maintenance Assessments	$	55,051	$	53,070	$	53,070	$	-	
Interest	$	-	$	-	$	845	$	845	
Total Revenues	$	55,051	$	53,070	$	53,915	$	845	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	4,000	$	2,000	$	1,800	$	200	
FICA Expense	$	306	$	153	$	138	$	15	
Engineering	$	4,000	$	2,000	$	-	$	2,000	
Trustee Fees	$	2,255	$	2,110	$	2,110	$	-	
Dissemination	$	2,866	$	1,433	$	1,533	$	(100)	
Arbitrage	$	450	$	450	$	450	$	-	
Assessment Roll	$	5,732	$	5,732	$	5,732	$	-	
Attorney	$	6,500	$	3,250	$	3,000	$	250	
Annual Audit	$	3,300	$	3,300	$	3,300	$	-	
Management Fees	$	10,131	$	5,066	$	5,066	$	0	
Information Technology	$	1,082	$	541	$	541	$	-	
Website Maintenance	$	812	$	406	$	406	$	(0)	
Telephone	$	50	$	25	$	-	$	25	
Postage	$	625	$	313	$	178	$	134	
Printing & Binding	$	250	$	125	$	99	$	26	
Insurance	$	7,425	$	7,425	$	7,155	$	270	
Legal Advertising	$	700	$	350	$	-	$	350	
Other Current Charges	$	860	$	430	$	329	$	101	
Office Supplies	$	150	$	75	$	1	$	74	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	51,669	$	35,358	$	32,013	$	3,346	

Operations & Maintenance					
Mulch	$	7,920	$	3,960	$	-	$	3,960	
Contingency	$	3,097	$	1,549	$	-	$	1,549	
Stormwater	$	6,500	$	3,250	$	-	$	3,250	
Total Operations & Maintenance	$	17,517	$	8,759	$	-	$	8,759	
					
Total Expenditures	$	69,186	$	44,117	$	32,013	$	12,104	
					
Excess (Deficiency) of Revenues over Expenditures	$	(14,135)		$	21,902		
					
Fund Balance - Beginning	$	14,135		$	53,556		
					
Fund Balance - Ending	$	-		$	75,457		

Revenues:

Assessments - Tax Roll	$	206,154	$	193,293	$	193,293	$	-	
Assessments - Prepayment	$	-	$	-	$	9,009	$	9,009	
Interest	$	7,422	$	6,872	$	6,872	$	-	
Total Revenues	$	213,576	$	200,165	$	209,174	$	9,009	

Expenditures:									

Interest - 11/1	
$	
36,944	
$	
36,944	
$	
36,944	
$	
-	
Special Call - 11/1	$	-	$	-	$	25,000	$	(25,000)	
Principal - 5/1	$	130,000	$	-	$	-	$	-	
Interest - 5/1	$	36,944	$	-	$	-	$	-	
Total Expenditures	$	203,888	$	36,944	$	61,944	$	(25,000)	
									
Excess (Deficiency) of Revenues over Expenditures	$	9,688			$	147,230			
									
Fund Balance - Beginning	$	274,654			$	384,767			
									
Fund Balance - Ending	$	284,342			$	531,997			

Revenues						
Interest	$	3,914	$	3,745	$	3,745	$	-	
Total Revenues	$	3,914	$	3,745	$	3,745	$	-	

Expenditures:

Capital Outlay	

$	-	

$	-	

$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	3,914		$	3,745			
						
Fund Balance - Beginning	$	185,918		$	186,420			
						
Fund Balance - Ending	$	189,831		$	190,165			
Candler Hills East
Community Development District Month to Month

Revenues:								
Maintenance Assessments	$	-	$	1,526	$	13,161	$	30,350	$	7,827	$	206	$	-  $	-  $	-  $	-  $	-  $	-  $	53,070	
Interest	$	112	$	85	$	71	$	246	$	221	$	111	$	-  $	-  $	-  $	-  $	-  $	-  $	845	
Total Revenues	$	112	$	1,610	$	13,232	$	30,596	$	8,048	$	316	$	-	$	-	$	-	$	-	$	-	$	-	$	53,915	

Expenditures:								
General & Administrative:								
Supervisor Fees	$	-	$	-	$	800	$	-	$	1,000	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	1,800	
FICA Expense	$	-	$	-	$	61	$	-	$	77	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	138	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	337	$	-	$	1,773	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	2,110	
Dissemination	$	339	$	239	$	239	$	239	$	239	$	239	$	-  $	-  $	-  $	-  $	-  $	-  $	1,533	
Arbitrage	$	-	$	-	$	450	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	450	
Assessment Roll	$	5,732	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,732	
Attorney	$	-	$	1,500	$	1,500	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	3,000	
Annual Audit	$	-	$	-	$	3,300	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	3,300	
Management Fees	$	844	$	844	$	844	$	844	$	844	$	844	$	-  $	-  $	-  $	-  $	-  $	-  $	5,066	
Information Technology	$	90	$	90	$	90	$	90	$	90	$	90	$	-  $	-  $	-  $	-  $	-  $	-  $	541	
Website Maintenance	$	68	$	68	$	68	$	68	$	68	$	68	$	-  $	-  $	-  $	-  $	-  $	-  $	406	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage	$	55	$	2	$	71	$	20	$	8	$	21	$	-  $	-  $	-  $	-  $	-  $	-  $	178	
Printing & Binding	$	-	$	-	$	-	$	-	$	-	$	99	$	-  $	-  $	-  $	-  $	-  $	-  $	99	
Insurance	$	7,155	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	7,155	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Other Current Charges	$	78	$	57	$	74	$	42	$	39	$	40	$	-  $	-  $	-  $	-  $	-  $	-  $	329	
Office Supplies	$	0	$	0	$	-	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	1	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	14,873	$	2,801	$	9,270	$	1,303	$	2,365	$	1,401	$	-  $	-  $	-  $	-  $	-  $	-  $	32,013	

Operations & Maintenance								
Mulch	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Stormwater	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Operations & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
								
Total Expenditures	$	14,873	$	2,801	$	9,270	$	1,303	$	2,365	$	1,401	$	-  $	-  $	-  $	-  $	-  $	-  $	32,013	
								
Excess Revenues (Expenditures)	$	(14,762)	$	(1,190)	$	3,962	$	29,293	$	5,683	$	(1,085)	$	-  $	-  $	-  $	-  $	-  $	-  $	21,902	
Candler Hills East
Community Development District Long Term Debt Report								
Series 2016, Special Assessment Bonds

Interest Rate:	2.531%, 3.750%, 4.000% Maturity Date:		5/1/2037
Reserve Fund Definition	50% of Maximum Annual Debt Service Reserve Fund Requirement		$100,900
Reserve Fund Balance	$102,006

Bonds Outstanding - 11/17/16	$3,380,000
Less: Principal Payment 5/1/17	($55,000)
Less: Special Call 5/1/17	($55,000)
Less: Special Call 11/1/17	($55,000)
Less: Principal Payment 5/1/18	($125,000)
Less: Special Call 5/1/18	($10,000)
Less: Special Call 11/1/18	($25,000)
Less: Principal Payment 5/1/19	($105,000)
Less: Special Call 5/1/19	($15,000)
Less: Special Call 11/1/19	($25,000)
Less: Principal Payment 5/1/20	($125,000)
Less: Special Call 5/1/20	($10,000)
Less: Special Call 11/1/20	($65,000)
Less: Principal Payment 5/1/21	($125,000)
Less: Special Call 5/1/21	($30,000)
Less: Special Call 11/1/21	($60,000)
Less: Principal Payment 5/1/22	($125,000)
Less: Special Call 5/1/22	($20,000)
Less: Special Call 11/1/22	($25,000)
Less: Principal Payment 5/1/23	($125,000)
Less: Special Call 11/1/23	($25,000)
Less: Principal Payment 5/1/24	($125,000)
Less: Special Call 5/1/24	($20,000)
Less: Special Call 11/1/24	($15,000)
Less: Principal Payment 5/1/25	($90,000)
Less: Special Call 5/1/25	($25,000)
Less: Special Call 11/1/25	($25,000)								
Current Bonds Outstanding	$1,875,000								
CANDLER HILLS EAST
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENTS FY2025 RECEIPTS
MAINTENANCE

Gross Assessments	$58,567.28
Certified Net Assessments
100%

Date	
ACH	Gross Assessments
Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received	
							
11/25/25	ACH	$447.66	$8.95	$0.00	$0.00	$438.71	
11/25/25	ACH	$1,109.38	$22.19	$0.00	$0.00	$1,087.19	
12/19/25	ACH	$6,088.05	$121.76	$0.00	$0.00	$5,966.29	
12/31/25	ACH	$7,341.53	$146.83	$0.00	$0.00	$7,194.70	
1/7/26	ACH	$10,027.37	$200.55	$0.00	$0.00	$9,826.82	
1/16/26	ACH	$8,919.29	$178.39	$0.00	$0.00	$8,740.90	
1/20/26	ACH	$0.00	$0.00	$0.00	$200.83	$200.83	
1/30/26	ACH	$11,818.07	$236.36	$0.00	$0.00	$11,581.71	
2/18/26	ACH	$6,703.38	$134.07	$0.00	$0.00	$6,569.31	
2/27/26	ACH	$1,283.22	$25.66	$0.00	$0.00	$1,257.56	
3/20/26	ACH	$209.89	$4.20	$0.00	$0.00	$205.69	
							
Total Collected		$	53,947.84	$	1,078.96	$	-	$	200.83	$	53,069.71	
Percentage Collected						96%	

DEBT SERVICE

Gross Assessments	$218,762.50
Certified Net Assessments
100%

Date	
ACH	Gross Assessments
Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received	
							
11/25/25	ACH	$1,055.97	$21.12	$0.00	$0.00	$1,034.85	
11/25/25	ACH	$4,148.29	$82.97	$0.00	$0.00	$4,065.32	
12/19/25	ACH	$19,008.02	$380.16	$0.00	$0.00	$18,627.86	
12/31/25	ACH	$24,288.02	$485.76	$0.00	$0.00	$23,802.26	
1/7/26	ACH	$36,960.15	$739.20	$0.00	$0.00	$36,220.95	
1/16/26	ACH	$33,976.76	$679.54	$0.00	$0.00	$33,297.22	
1/20/26	ACH	$0.00	$0.00	$0.00	$706.89	$706.89	
1/30/26	ACH	$46,992.11	$939.84	$0.00	$0.00	$46,052.27	
2/18/26	ACH	$24,943.94	$498.88	$0.00	$0.00	$24,445.06	
2/27/26	ACH	$4,598.17	$91.96	$0.00	$0.00	$4,506.21	
3/20/26	ACH	$544.50	$10.89	$0.00	$0.00	$533.61	
							
Total Collected		$	196,515.93	$	3,930.32	$	-	$	706.89	$	193,292.50	
Percentage Collected						94%	

Section 3

Sent via Email: Gflint@gmscfl.com
June 30, 2025

Mr. George S. Flint District Manager
Candler Hills East Community Development District 219 East Livingston Street
Orlando, Florida 32801
Subject:	District Engineers Report - 2025
Candler Hills East Community Development District Bond Series 2016
Section 9.21 of the Master Trust Indenture
Dear Mr. Flint:

In accordance with Section 9.21 of the Master Trust Indenture for the Candler Hills East Community Development District (CDD), we have completed our annual review of the portions of the project within this CDD as constructed to date. We find, based on said inspection and our knowledge of the community, that those portions of the infrastructure are being maintained in reasonably good repair.
We have reviewed the Operation and Maintenance Budget for the Fiscal Year 2026 and believe that it is sufficient for the proper operation and maintenance of the Candler Hills East CDD.
In addition, and in accordance with Section 9.21 of the Master Trust Indenture, we have reviewed the current limits of insurance coverage, and we believe that this is adequate for the community.
Should you have any questions or require additional information, please contact me at (321) 354-9656. Sincerely,

Reinardo Malavé, P.E. District Engineer
Candler Hills East Community Development District
RM:ap
J:\3OT42\_Administrative Jobs\REPORTS\Annual Engineer's Report\Candler Hills District Engineer’s Report 2025 – 06-30-2025

Section 4
From: George Flint gflint@gmscfl.com 
Subject: Re: Candler Hills East CDD
Date: February 25, 2025 at 3:16 PM
To: Paul Jenkins Thepauljenkins@outlook.com

Mr. Jenkins,
MES-1 and GI-1 are not part of the CDD stormwater system. Only infrastructure within the yellow boundaries are CDD. C-165 is a culvert and I am confirming the type of structures references by “S”.
The CDD stormwater infrastructure is subject to a water management district permit issued by the Southwest Florida Water Management District (WMD). Periodic certifications are required to be submitted to the WMD. The next certification is due in 2027. Attached is the last certification submitted in 2022. The State of Florida also adopted legislation (Section 403.9302, Florida Statutes) that went into effect in 2022 that requires reporting on the stormwater system every five years. The next report is due in 2027. Attached is the report submitted in 2022.
Thanks, George
On Feb 21, 2025, at 3:24 PM, Paul Jenkins <Thepauljenkins@outlook.com> wrote:
Good Afternoon George Fint

Thanks for the Map of the CDD stormwater system. I have a few questions.
In looking at the map is MES -1 and GI -1 part of our CDD stormwater system.
The map identifies MES as mitered end sections. Can you please explain what C-165, S-7 and S-8 is.
Is the CDD storm water system under and requirement or inspection by county or state regulatory agencies, and if so what are they.

Thanks

Paul Jenkins

From: George Flint <gflint@gmscfl.com>
Sent: Wednesday, February 19, 2025 11:19 AM To: Paul Jenkins <thepauljenkins@outlook.com> Subject: Re: Candler Hills East CDD
Mr. Jenkins,
	STATEMENT OF INSPECTION FOR PROPER OPERATION AND MAINTENANCE
SOUTHWEST FLORIDA
WATER MANAGEMENT DISTRICT

2379 BROAD STREET • BROOKSVILLE, FL 34604-6899
(352) 796-7211 OR FLORIDA WATS 1 (800) 423-1476		

Within 30 days after completion of the inspection for proper operation and maintenance, the operation and maintenance entity or its authorized agent must SEND THE ORIGINAL PLUS ONE COPY OF THIS FORM to the Southwest Florida Water Management District, 2379 Broad Street, Brooksville, Florida 34604-6899. Upon receipt, the District will review this statement and may inspect the system for compliance with the approved permit and as-built drawings.

SURFACE WATER MANAGEMENT SYSTEM INFORMATION:

Permit No.
43001436.017
County: Marion
Project Name:
On Top of the World - Candler Hills East, Phase 1

Permittee: Candler Hills East CDD
Address:
8447 SW 99th St. Rd.

City Ocala	State Florida	Zip 34481
Telephone: (
352  )
237-9564

I hereby certify that an inspection of the above-referenced system was performed
on May 11, 2022
and further certify based on my observations
that all above-ground facilities are being operated and maintained as authorized by the Southwest Florida Water Management District. I further state that it is my opinion based on my observations, knowledge, experience and any other available information that the below-ground facilities are being operated and maintained as authorized.

By:			 Signature of Engineer	Name (Please Type)	FL P.E. No.
Dewberry Engineers Inc.

Company Name
(Affix Seal)
800 N. Magnolia Avenue, Suite 1000
Company Address Orlando, Florida 32803 City, State, Zip
Phone: ( 321 ) 354-9656

Date: 12-20-22

Form No. LEG-R.044.00 (4/09)	Page 1 of 1	Rule 40D-4.351(3), F.A.C.

CANDLER HILLS EAST
COMMUNITY DEVELOPMENT DISTRICT
Stormwater Management Projection Report (Section 403.9302 F.S.)
JUNE 01, 2022		

	
ORIGINAL	

SUBMITTED BY	
SUBMITTED TO	
Dewberry Engineers Inc.	Candler Hills East CDD	
800 Magnolia Avenue	GMS – George Flint - District Manager	
Suite 1000	219 E. Livingston Street	
Orlando, Florida 32803	Orlando, FL 32801	
407.843.5120		
	Marion County BOCC
Jocelyn.Nageondelestang@marionfl.org	

Stormwater Management Projection Report

Table of Contents
Introduction	2
Detailed Description of the Stormwater System	2
Number of Current and Projected Residents	3
Stormwater Service Area	3
Current and Projected Costs of Providing Service	3
Estimated Remaining Useful Life	3
Recent 5-Year Funding Status	4
Plan to Fund Maintenance or Expansion	4
Report Submittal and Documentation	4
Engineer’s Certification	4
Table of Tables
Table 3.1 Population Projections	3
Table 5.1 Cost Projections	3
Table 6.1 Major Replacement Schedule	4
Table 7.1 Funding Sources	4

Introduction
This report has been prepared to meet the requirements of Section 403.9302 Florida Statutes (F.S) – Stormwater Management Projections. The Candler Hills East Community Development District (the “District” or “CDD”) does not provide wastewater services and thus is not required to submit a wastewater service projections report under 403.9301 F.S.

The CDD is located within Marion County ("County''), Florida. Section 403.9302(1) specifies independent special districts, including Candler Hills East CDD, must provide a report to the County by June 30, 2022. The rule was enacted in 2021 and requires a report submittal every 5 years beginning in 2022. This report has been prepared and submitted to satisfy the reporting requirements for 2022.

The District is located approximately 1.5 miles north of S.R. 200, on the west side of SW 80th Avenue, south side of SW 80th Street, and north of SW 90th Street within the On Top of The World (OTOW) community in Marion County, Florida (see also Exhibit 1). The CDD consists of approximately 417.8 acres 628 single family lots, and recreational and open space areas. The development has been constructed in two (2) phases, Candler Hills East and Candler Hills South, and all the infrastructure is complete. The District is approved for up to a total of 633 units along with the associated stormwater infrastructure. The CDD is a designated as planned residential community with the overall Master Development and DRI OTOW. The land use is designated as Residential and the zoning for the development is Planned Unit Development.

Detailed Description of the Stormwater System
Stormwater management facilities consisting of storm conveyance systems and dry retention ponds are contained within the District boundaries (see Exhibit 2). Stormwater is discharged via roadway curb and gutter and storm inlets. Storm culverts convey the runoff into the existing stormwater dry retention ponds for water quality treatment and attenuation. The stormwater systems utilize dry retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater treatment systems are regulated by the County and the Southwest Florida Water Management District (“SWFWMD”).

The system is designed to provide drainage and flood abatement such as flooding events associated with rainfall and hurricanes, for water quality improvements, and to reduce vulnerability to adverse impacts from flooding related to increases in frequency and duration of rainfall events. The system falls within the Federal Emergency Management Agency (“FEMA”) Flood Insurance Rate Map Panel Numbers 12083C0682E and 12083C0684E, dated April 19, 2017, and is located within Flood Zones A, X, AE. The 100-year flood volumes are compensated as required by the County, SWFWMD, and FEMA.

Specifically, the system includes a stormwater system consisting of dry ponds for the treatment and total retention of the runoff that is carried out and collected in pipes, curbs, and surfaces to convey this runoff. These systems discharge to the ground through percolation. The SWFWMD regulates the design criteria for the District’s stormwater management facilities. The District has adhered to the design criteria of these agencies, which requires that drainage systems be designed to hold a 100-year, 24-hour rainfall event.
Treatment of stormwater will be provided in accordance with the design guidelines for dry retention systems as mandated by the SWFWMD. Stormwater runoff is collected by curbs and stormwater conveyance surfaces with drainage inlets and an underground storm pipe system conveyed to the retention ponds. The overall drainage system is shown on the Master Stormwater Plan, Exhibit 2. The District provides funding on a yearly basis for the maintenance of said retention ponds. These improvements are owned and maintained by the District. The system consists of seven (7) dry ponds, stormwater areas, and swales (see Exhibit 2).

The stormwater operation and maintenance program includes, but is not limited to:
routine mowing of turf associated with stormwater ponds, swales, lake banks;
debris and trash removal from pond skimmers, inlet grates, ditches, etc.;

routine outfall structure cleaning;
sediment removal from the stormwater system (i.e. by use of vacuum trucks);
street sweeping;
pump and mechanical irrigation system maintenance for irrigation pumps; and
public outreach and education.

Number of Current and Projected Residents
The number of current and projected residents are required to be calculated in 5-year increments for a 20-year period. Unlike a city or county service area, the CDD’s jurisdiction is very limited and cannot be expanded or contracted without a public hearing and approvals from the local municipality.
Additionally, the supplemental rule instructions provided by the Office of Economic and Demographic Research (“EDR”) states when an independent special district completely falls within a county or a municipality, EDR will calculate the appropriate population estimates. Candler Hills East CDD falls within the Marion County, Florida limits.

Table 3.1 Population Projections
POPULATION PROJECTIONS IN 5-YEAR INCREMENTS					
6/2022	6/2027	6/2032	6/2037	6/2042	
To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	

Stormwater Service Area
The Candler Hills East CDD service area consists of the District lands as shown in Exhibit 2 and included in the service area map (Exhibit 3) and legal description (Exhibit 4). The project is currently developed with all stormwater improvements completed for all phases.

Current and Projected Costs of Providing Service
Table 5.1 provides for a 20-year period, calculated in 5-year increments, with an estimated increase of 10% every five (5) years.

Table 5.1 Cost Projections
CURRENT AND PROJECTS COSTS OF PROVIDING SERVICE BASED ON FISCAL YEAR					
2022	2027	2032	2037	2042	
$10,800	$11,880	$13,068	$14,375	$15,812	

Estimated Remaining Useful Life
The estimated remaining useful life of the stormwater system and facilities is 25-years. The system is monitored on an annual basis and replacement, as well as repairs, are provided as needed to the components of the system. The replacement of the inlets and control outfall structures should not be a major expense to the district within the next 20-yeas. No major replacements, which include culverts and pipe networks, control structures, etc., are expected within the next 20-years. All open stormwater storage and conveyance systems are maintained and have an unlimited service life.

Table 6.1 Major Replacement Schedule
MAJOR REPLACEMENT SCHEDULE WITH FUNDING						
PROJECT	CURRENT (2022)	2023-2027	2028-2032	2033-2037	2038-2042	
Project name	N/A	N/A	N/A	N/A	N/A	

Recent 5-Year Funding Status
The District has continually provided for all expenditures within the District over the last 5-year history of annual contributions. All funding is obtained through the property tax authority of the District through annual assessments to each unit within the District. The District’s current reserve fund is approximately
$3,097, which is sufficient for future capital needs for maintenance or expansion of facilities or major components.

Table 7.1 Funding Sources
5-YEAR FUNDING SOURCES					
YEAR	ANTICIPATED EXPENDITURES*	BUDGET FUNDS AVAILABLE	RESERVES FUND BALANCE	OTHER	
2022	$10,800	CDD Property Assessments	$3,097	N/A	
2023	$11,016	CDD Property Assessments	TBD Annually	N/A	
2024	$11,236	CDD Property Assessments	TBD Annually	N/A	
2025	$11,461	CDD Property Assessments	TBD Annually	N/A	
2026	$11,690	CDD Property Assessments	TBD Annually	N/A	
*Increase of 2% per year

Plan to Fund Maintenance or Expansion
Due to the CDD’s funding mechanisms, there are no anticipated funding gaps or unfunded projects.

Report Submittal and Documentation
As required by rule, this report is being submitted to Marion County. The County is required to compile all reports for their county and submit a consolidated report to the State by July 31, 2022. The attached exhibits include supporting data and illustrations. When used, calculation methodologies have been described in the above narratives.

Engineer’s Certification
I hereby certify that the foregoing is a true and correct copy of the report for Candler Hills East Community Development District. Dewberry staff has field verified the operation and maintenance status of the existing stormwater system and the system is functioning as designed and permitted.

Reinardo Malavè, P.E. Florida License No. 31588 Dewberry Engineers Inc.

SW 80th St

UV200

SW 90th St

CANDLER HILLS EAST AERIAL LOCATION MAP

Exhibit 1

Legend
DISTRICT BOUNDARY
µ 0	1,000

2,000
Feet
1 inch = 2,000 feet

SW 80th Ave			
CANDLER HILLS EAST STORMWATER MANAGEMENT FACILITIES	
Exhibit 2	Legend	µ 0	250	500
DISTRICT BOUNDARY	Feet
CDD OWNED - PONDS	1 inch = 500 feet	

SW 80th Ave			
CANDLER HILLS EAST SERVICE AREA MAP	
Exhibit 3	Legend	µ 0	250	500
DISTRICT BOUNDARY	Feet
CDD OWNED - PONDS	1 inch = 500 feet	

CANDLER HILLS EAST	Exhibit 4 LEGAL DESCRIPTION			

CANDLER HILLS EAST	Exhibit 4.1 LEGAL DESCRIPTION			
As a follow-up to the below email. Per your request, please find the attached map showing the locations of the CDD stormwater system. The yellow area is the only area that is the responsibility of the CDD.
Thanks, George

On Feb 18, 2025, at 4:47 PM, George Flint <gflint@gmscfl.com> wrote:
Mr. Jenkins,
It was a pleasure meeting you this morning and I look forward to working with you. Per our discussion, please find the attached pdf copies of the FY 25 Budget, the most recent unaudited financial statements and the FY 23 audit (the FY 24 audit is underway). In the next day or so, I will also email you a detailed map that shows the districts stormwater management infrastructure. In regards to the bound agendas, when the recording secretary sends out the electronic agenda, approximately a week before the meeting, she indicates in the email when the bounds copies are available for the Board members to pick up from the On Top of the World Main Office. The Board previously agreed that we would send all the agendas to the OTOW office and the Board members would pick them up there to save on the cost of overnight mailing.
Once you have had a chance to review the attached information and the map that I will be sending you, please let me know if you have any questions.
Thanks, George
<CHE FY2025 Adopted Budget.pdf>
<12.24 CHE Financials.pdf>
<2023 Final Report Candler Hills East.pdf>
George S. Flint Vice-President
Governmental Management Services - Central Florida, LLC
219 East Livingston Street Orlando, Florida 32801
From: George Flint gflint@gmscfl.com 
Subject: Re: Candler Hills East CDD
Date: February 19, 2025 at 11:18 AM
To: Paul Jenkins thepauljenkins@outlook.com

Cand
Marion C

Section 5
2026 SPECIAL DISTRICTS QUALIFYING PROCEDURE
Qualifying Period – Noon, Monday, June 8, 2026 – Noon, Friday, June12, 2026
(Dates are subject to change)

Special District Candidates who WILL NOT incur election expenses or contributions will do the following:
Present the items listed below during the qualifying period
Form 1 – Statement of Financial Interest
Form DS-DE 302NP Candidate Oath – Nonpartisan Office
Notice of Intent Special District Candidate
Qualifying fee of $25.00 or
25 valid petitions (deadline to submit candidate petitions is Noon, Monday, May 11, 2026)

Special District Candidates who WILL incur election expenses or contributions must do the following:
File DS-DE9 Appointment of Campaign Treasurer/Designation of Campaign Depository (open campaign account). This must be completed prior to accepting campaign contributions and making campaign expenditures, (section 99.061(3), F.S.).
Read Chapter 106 of the Florida Statutes and submit a DS-DE84 Statement of Candidate.
File required campaign treasurer’s reports
Present qualifying documents during the qualifying period.
Form 1 – Statement of Financial Interest
Form DS-DE 302NP Candidate Oath – Nonpartisan Office
Notice of Intent Special District Candidate
Qualifying fee of $25.00 or
25 valid petitions (deadline to submit candidate petitions is Noon, Monday, May 11, 2026)
Candidates Paying the Qualifying Fee:
All special district candidates, except a person certified to qualify by the petition method or seeking to qualify as a write-in candidate, must pay the qualifying fee of $25.00.
The qualifying fee for a special district candidate is not required to be drawn upon the candidate’s campaign account.
Candidates Qualifying by Petition Method:
Special district candidates need 25 valid signatures of qualified electors within the district. There is a fee of 10 cents per petition to be paid to the Supervisor of Elections for the cost of verifying the signature. The fee must be paid at the time the petitions are submitted.
The deadline for submitting candidate petitions is Noon, Monday, May 11, 2026.
Special district candidates are not required to file Form DS-DE 9 prior to collecting signatures.
See Section 99.061(3), Florida Statutes.

Section 6
Wesley Wilco?
Supervisor of Elections, Marion County, Fl
Election Center
981 NE 161h ST• Ocala, FL 34470
M	PO Box 289 • Ocala, FL 34478-0289
P	 352-620-3290 F	352-620-3286
W	www.VoteMarion.Gov

April 15, 2026

Re: Florida Statute 190.006 Request Iman SakaIla, Recording Secretary
Governmental Management Services Central Florida Via Email: 1Saka11a@GMSCFL.com

Iman,

In accordance with Florida Statute 190.006 and with reference to your request for the number of registered voters in Candler Hills East Community Development District, as of April 15, 2026, our records indicate there are 992 active registered voters in the boundaries of the referenced development.

If you have any questions or require any further information, please contact me.

Sincerely,
QuM ?  N,?lli--
Charlee Nichols, CERA Support Services Analyst II
Marion County Election Center CNichols@VoteMarion.Gov