Portofino Springs Community Development District
April 17, 2026

Seat 4: Kyle Castillo – (C.)		
Seat 1: David Westbrook – (V.C.)		
Seat 2: Dominic Miletta – (A.S.)		
Seat 5: Open Seat		
Seat 3: Open Seat		

Portofino Springs
Community Development District
Special Meeting Agenda
Friday	Barraco and Associates, Inc.
April 17, 2026	2271 McGregor Blvd., Suite 100, Fort Myers, FL 33901 10:45 a.m.		Join the Meeting Now
Meeting ID: 263 328 155 162 567 and Passcode: UV2M6oM9
1 872-240-4685 and Phone Conference ID: 751 237 35#

Roll Call

Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office – Seat #3 and Seat #5 – (11/2028)

Oath of Office for Newly Appointed Supervisor(s) – Page 4

Election of Officer(s)

Approval of the Minutes of the February 13, 2026 Meeting – Page 5

Public Hearing to Adopt the Fiscal Year 2027 Budget – Page 11
Motion to Open the Public Hearing

Public Comment and Discussion
Consideration of Resolution #2026-02 Annual Appropriation Resolution – Page 19
Consideration of Resolution #2026-03 Levy of Non Ad Valorem Assessments – Page 22
Motion to Close the Public Hearing
Consideration of Engagement Letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2026 – Page 29
Staff Reports
Attorney

Engineer

Manager
Consideration of Proposed Fiscal Year 2027 Meeting Schedule – Page 34

Form 1 Financial Disclosure Due July 1, 2026 – Page 35

Reminder to Complete Annual Ethics Training by December 31, 2026

Final Approval of the FY2025 – FY2026 Report Performance Measures and Standards
– Page 36

Consideration of FY2026 – FY2027 Performance Measures and Standards as Required by Florida Statute 189.0694 – Page 41

Financial Reports
Approval of Check Run Summary – Page 46

Approval of Unaudited Financials – Page 49

Supervisors Requests and Audience Comments

Adjournment

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

Oath of Office

I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Portofino Springs Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Portofino Springs Community Development District, 	County, Florida.
Signature: 	 Mailing Address: 	

County of Residence: 	 Telephone #: 	 E-mail: 	 Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires

Personally known 	 or produced identification 	 Type of identification		

MINUTES OF MEETING PORTOFINO SPRINGS
COMMUNITY DEVELOPMENT DISTRICT
A special meeting of the Board of Supervisors of the Portofino Springs Community Development District was held on Friday, February 13, 2026 at 10:45 a.m. at 2271 McGregor Blvd., Suite 100, Fort Myers, Florida.

Present and constituting a quorum were:

Kyle Castillo	Chairman
David Westbrook	Vice Chairman
Dominick Miletta	Assistant Secretary

Also present were:

Ginger Wald	District Counsel (by phone)
Patrick Burgess	District Manager
Paul Winkeljohn	Governmental Management Services (by phone)

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

SECOND ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office - Seat #3 and Seat #5 (11/2028)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officer(s)
Mr. Burgess: The second item on the agenda is the organizational matters for seats #3 and #5. There is no one present other than the Board members, so I don’t believe we have anyone to nominate, so we’ll go ahead and table this item.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the
May 16, 2025 Meeting
Mr. Burgess: Moving on down to item No. 3, approval of the minutes of the May 16, 2025 meeting. Do you guys have any additions, corrections, or deletions?
Mr. Westbrook: No, I’ll make a motion.

February 13, 2026	Portofino Springs CDD

On MOTION by Mr. Westbrook seconded by Mr.
Castillo with all in favor, the Minutes of the May 16, 2025 Meeting were approved.	
FOURTH ORDER OF BUSINESS	Consideration of Resolution #2026-
01 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing
Mr. Burgess: Moving on down item No.4, consideration of resolution #2016-01 approving the proposed fiscal year 2027 budget and setting the public hearing which is on page 9 of your agenda package, we just need a motion to approve.
Mr. Winkeljohn: For that, you want to set the date, you have two options or you could move your April meeting to the 17th or you could hold it May 8th, so those would be my recommendations, either one. A couple of you might want to put your spring hats on and look at your calendar.
Mr. Castillo: Do you guys want the 17th of April or May 8th?
Mr. Westbrook: I think April might be better because of Carol, I’m not sure when they’re going back.
Mr. Castillo: I like April. Mr. Westbrook: Ok.
Mr. Winkeljohn: Ok, so the 17th, go ahead Patrick.
Ms. Wald: Well, I’m just looking at that calendar, you said April 17th at the same time, or do you want to change the time?
Mr. Winkeljohn: Yes, I think that same location. Ms. Wald: Ok.
Mr. Burgess: So April 17th at 10:45 a.m.

On MOTION by Mr. Castillo seconded by Mr. Miletta with all in favor, Resolution #2026-01 approving the	

February 13, 2026	Portofino Springs CDD

proposed Fiscal Year 2027 Budget and setting the Public Hearing on April 17, 2026 at 10:45 a.m. at 2271 McGregor Blvd., Suite 100, Fort Myers, FL was approved.	

FIFTH ORDER OF BUSINESS	Ratification of Engagement Letter
with Grau & Associates to Perform the Audit for Fiscal Year Ending September 30, 2025
Mr. Burgess: Moving down to item No. 5, ratification of engagement letter with Grau & Associates to perform the audit for fiscal year ending September 30, 2025.

On MOTION by Mr. Westbrook seconded by Mr. Castillo with all in favor, ratifying the engagement letter with Grau & Associates to perform the audit for Fiscal Year ending September 30, 2025 was approved.	
SIXTH ORDER OF BUSINESS	Acceptance	of	Audit	for	Fiscal
Year Ending in September 30, 2025
Mr. Burgess:	Then item No. 6, is acceptance of audit for fiscal year ending September 30, 2025.

On MOTION by Mr. Castillo seconded by Mr. Miletta with all in favor, accepting the audit for Fiscal Year ending in September 30, 2025 was approved.	
SEVENTH ORDER OF BUSINESS	Discussion	of	Procedures	for
the General Election
Mr. Burgess:	Item No. 7 on the agenda is discussion of procedures for the general election and that’s on page 57.
Mr. Winkeljohn: No action is required just informational. Mr. Burgess: Ok.
Ms. Wald: You’ll just want to state it for the record Patrick, what it is and what’s the procedure.
Mr. Burgess: Ok, so just read that on page 57, so it looks like we have 3 seats u for election, specifically seat #1, seat #2 and Seat #4 and each carries a 4 year term of

February 13, 2026	Portofino Springs CDD

office, elections Non partisan will be held at the same time as the general election on November 3, 2026 in the manner prescribed by law for general elections.
Ms. Wald: And the qualifying period is, you’re just putting on the record in case anybody wants to know the statements.
Mr. Burgess: Ok, oh I see.
Ms. Wald: At 12:00 noon June 8th through 12:00 noon on June 12th. Mr. Burgess: Yes, thank you.

EIGHTH ORDER OF BUSINESS	Staff Reports
Mr. Burgess:  Moving down to staff reports, Ginger, do you have anything?

Attorney – Consideration of Request for Adjustment to District Counsel Fee Structure
Ms. Wald: Yes, you have in your package correspondence from our office, by the way we officially changed our name from that very long name to just Billing, Cochran, it makes it a lot easier to say. So, from the prior increase that we did for our hourly rates, we reviewed this and so the last time we had looked at this and increase our hourly rates was back in October, 2023, and it goes to your budget season for the next fiscal year which begins October 1, 2027. We went ahead and provided this letter to District management so that could take it into consideration when preparing your proposed budget that you just passed. The increase that we’re requesting is based within the CPI for this 3 year period time, it is an increase of $25 per hour for a partner and $25 per hour for associates. It currently is $275 and $225 increasing to $300 and
$250. After review with the District management as to your proposed budget as you just passed it with the same amount, we didn’t have for this District any type of increase that would be necessary for the full amount on the budget, and so this would not go into effect until October 1, of this year for your next budget season and we’re making that request, and I will answer any questions that you may have.
Mr. Castillo: No questions, you guys requesting $25 over a three year period, that’s more than reasonable, no questions.
Ms. Wald: Thank you.

February 13, 2026	Portofino Springs CDD

On MOTION by Mr. Castillo seconded by Mr. Westbrook with all in favor, accepting the request for adjustment to District Counsel fee structure was approved.	

Engineer
Mr. Burgess: There’s no engineer today.

Manager – Final Approval of the FY2024-FY2025 Report Performance Measures and Standards
Mr. Burgess: Under manager, Paul, do you want to take this one?
Mr. Winkeljohn: Yes, we just need a motion from the Board accepting the final performance report, it’s the standard one that we have in place for performance and measures that we adopted, we just need a motion to accept the final report.

On MOTION by Mr. Westbrook seconded by Mr. Miletta with all in favor, the Final Approval of the FY2024-FY2025 Report Performance Measures and Standards was approved.	
NINTH ORDER OF BUSINESS	Financial Reports
Approval of the Check Run Summary
Acceptance of Unaudited Financials
Mr. Burgess: Then we have financials reports starting on page 65 with the check run summary and the unaudited financials on page 70. If you have any questions on that, we can take those, otherwise a motion to accept would be in order.

On MOTION by Mr. Westbrook seconded by Mr. Miletta with all in favor, the Check Run Summary, and the Unaudited Financials were approved.	
TENTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Burgess: Are there any Supervisor’s requests? Mr. Castillo: No
Mr. Burgess: And there’s no audience. Do you guys have anything additional? Mr. Winkeljohn: No, all good.

February 13, 2026	Portofino Springs CDD

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. Burgess: Alright, just a motion to adjourn.

On MOTION by Mr. Westbrook seconded by Mr. Castillo with all in favor, the Meeting was adjourned.	

Secretary / Assistant Secretary	Chairman / Vice Chairman

Portofino Springs	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2007

	Series 2007 Amortization Schedule

6		Assessment Schedule

Portofino Springs	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	53,838	$	50,761	$	3,077	$	53,838	$	53,838	
Carry Forward Surplus	30,441	47,945	-	47,945	31,391	

TOTAL REVENUES	$84,279	$98,706	$3,077	$101,783	$85,229	

EXPENDITURES:

Administrative						
Supervisor Fees	$	7,200	$	600	$	1,200	$	1,800	$	7,200	
FICA Taxes	551	46	92	138	551	
Engineering	1,000	-	500	500	1,000	
Attorney	10,000	2,798	1,679	4,476	10,000	
Annual Audit	3,700	3,200	-	3,200	3,300	
Dissemination Agent	2,783	1,392	1,391	2,783	2,950	
Trustee Fees	3,500	-	3,500	3,500	3,500	
Management Fees	26,796	13,398	13,398	26,796	28,404	
Information Technology	1,113	557	557	1,113	1,180	
Website Maintenance	1,113	557	557	1,113	1,180	
Postage & Delivery	100	84	16	100	100	
Insurance General Liability	9,304	8,295	-	8,295	9,125	
Printing & Binding	200	-	40	40	200	
Legal Advertising	2,000	-	2,000	2,000	2,000	
Other Current Charges	1,000	387	232	620	1,000	
Office Supplies	25	0	25	25	25	
Dues, Licenses & Subscriptions	175	175	-	175	175	
1st Quarter Operating	13,720	-	13,720	13,720	13,340	

TOTAL EXPENDITURES	$84,279	$31,487	$38,905	$70,392	$85,229	

EXCESS REVENUES (EXPENDITURES)	$-	$67,219	$(35,828)	$31,391	$	-	

Portofino Springs	
Community Development District	
Budget Narrative	

REVENUES	

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

Expenditures - Administrative	

Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	

Portofino Springs	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	

Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	
1st Quarter Operating	
Represents expenses in the first 2 months prior to assessments being collected.	

Portofino Springs	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2007 Special Assessment Refunding Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	134,391	$	126,675	$	7,715	$	134,391	$	134,391	
Interest Earnings	2,000	2,817	1,000	3,817	2,000	
Carry Forward Surplus (1)	94,467	98,286	-	98,286	104,393	

TOTAL REVENUES	$230,857	$227,778	$8,715	$236,493	$240,784	

EXPENDITURES:

Interest - 11/01	$	33,550	$	33,550	$	-	$	33,550	$	31,763	
Interest - 05/01	33,550	-	33,550	33,550	31,763	
Principal - 05/01	65,000	-	65,000	65,000	70,000	

TOTAL EXPENDITURES	$132,100	$33,550	$98,550	$132,100	$133,525	

EXCESS REVENUES (EXPENDITURES)	$98,757	$194,228	$(89,835)	$104,393	$107,259	

Interest Due 11/1/27	$29,838	

(1) Carry Forward is Net of Reserve Requirement

$29,838

Portofino Springs	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2007 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/25	1,220,000	5.500%	-	33,550.00	133,888	
05/01/26	1,220,000	5.500%	65,000	33,550.00		
11/01/26	1,155,000	5.500%	-	31,762.50	130,313	
05/01/27	1,155,000	5.500%	70,000	31,762.50		
11/01/27	1,085,000	5.500%	-	29,837.50	131,600	
05/01/28	1,085,000	5.500%	75,000	29,837.50		
11/01/28	1,010,000	5.500%	-	27,775.00	132,613	
05/01/29	1,010,000	5.500%	80,000	27,775.00		
11/01/29	930,000	5.500%	-	25,575.00	133,350	
05/01/30	930,000	5.500%	85,000	25,575.00		
11/01/30	845,000	5.500%	-	23,237.50	133,813	
05/01/31	845,000	5.500%	85,000	23,237.50		
11/01/31	760,000	5.500%	-	20,900.00	129,138	
05/01/32	760,000	5.500%	90,000	20,900.00		
11/01/32	670,000	5.500%	-	18,425.00	129,325	
05/01/33	670,000	5.500%	95,000	18,425.00		
11/01/33	575,000	5.500%	-	15,812.50	129,238	
05/01/34	575,000	5.500%	100,000	15,812.50		
11/01/34	475,000	5.500%	-	13,062.50	128,875	
05/01/35	475,000	5.500%	110,000	13,062.50		
11/01/35	365,000	5.500%	-	10,037.50	133,100	
05/01/36	365,000	5.500%	115,000	10,037.50		
11/01/36	250,000	5.500%	-	6,875.00	131,913	
05/01/37	250,000	5.500%	120,000	6,875.00		
11/01/37	130,000	5.500%	-	3,575.00	130,450	
05/01/38	130,000	5.500%	130,000	3,575.00	133,575	

Total	$1,220,000	$487,300	$1,707,300	

Portofino Springs
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027	

Neighborhood	O&M Units	Bonds Units
2007	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Townhomes - PP	

47	

47	

$282.14	

$282.14	

$0.00	

$638.30	

$638.30	

$0.00	

$920.44	

$920.44	

$0.00	
Townhomes	156	155	$282.14	$282.14	$0.00	$728.83	$728.83	$0.00	$1,010.97	$1,010.97	$0.00	
Total	203	202										

Page 6

RESOLUTION 2026-02
[FY 2027 APPROPRIATION RESOLUTION]

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

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

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

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

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

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

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

SECTION 1. RECITALS

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

SECTION 2.  BUDGET

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

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

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

SECTION 3.  APPROPRIATIONS

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

SECTION 4.  BUDGET AMENDMENTS

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

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

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

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

SECTION 5. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 17th DAY OF April, 2026.

ATTEST:	PORTOFINO SPRINGS COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair

Exhibit A:	FY 2027 Budget

RESOLUTION 2026-03

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

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

WHEREAS, it is in the best interests of the District to proceed with the imposition of the Assessments for operations and maintenance in the amount set forth in the Adopted Budget; and
WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2027; and
WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such Assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and
WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Portoﬁno Springs Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit B and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certiﬁed to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PORTOFINO SPRINGS COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. RECITALS. The foregoing recitals are hereby incorporated as ﬁndings of fact of the Board.
SECTION 2. BENEFIT & ALLOCATION FINDINGS. The Board hereby ﬁnds and determines that the provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar beneﬁt to the lands within the District, which beneﬁt exceeds or equals the cost of the Assessments. The allocation of the Assessments to the specially beneﬁtted lands, as shown in Exhibits A and B, is hereby found to be fair and reasonable.
SECTION 3. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection

of non-ad valorem special assessments, an Assessment for operation and maintenance is hereby imposed and levied on beneﬁtted lands within the District, and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be eﬀective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance Assessments.
SECTION 4. COLLECTION. The collection of the operation and maintenance special Assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits A and B. The decision to collect non-ad valorem special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect such special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
SECTION 5. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certiﬁed to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.
SECTION 6. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall ﬁle the updates in the District records.
SECTION 7. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not aﬀect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
SECTION 8. EFFECTIVE DATE. This Resolution shall take eﬀect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED this 17th day of April 2026.

ATTEST:	PORTOFINO SPRINGS
COMMUNITY	DEVELOPMENT DISTRICT

By:	
Secretary/Assistant Secretary	Chair / Vice Chair

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

Exhibit "A"

Parcel ID	O&M On Tax Roll	
Debt
on Tax Roll	O&M Direct Billed	Debt Direct Billed	

Legal	

33-45-24-24-0000A.0010	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 1	
33-45-24-24-0000A.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 2	
33-45-24-24-0000A.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 3	
33-45-24-24-0000A.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 4	
33-45-24-24-0000A.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 5	
33-45-24-24-0000A.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 6	
33-45-24-24-0000A.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 7	
33-45-24-24-0000A.0080	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 8	
33-45-24-24-0000A.0090	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 9	
33-45-24-24-0000A.0100	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 10	
33-45-24-24-0000A.0110	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 11	
33-45-24-24-0000A.0120	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 12	
33-45-24-24-0000A.0130	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 13	
33-45-24-24-0000A.0140	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 14	
33-45-24-24-0000A.0150	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 15	
33-45-24-24-0000A.0160	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 16	
33-45-24-24-0000A.0170	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 17	
33-45-24-24-0000A.0180	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 18	
33-45-24-24-0000A.0190	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 19	
33-45-24-24-0000A.0200	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 20	
33-45-24-24-0000A.0210	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 21	
33-45-24-24-0000A.0220	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 22	
33-45-24-24-0000A.0230	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 23	
33-45-24-24-0000A.0240	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 24	
33-45-24-24-0000A.0250	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 25	
33-45-24-24-0000A.0260	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 26	
33-45-24-24-0000A.0270	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 27	
33-45-24-24-0000A.0280	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 28	
33-45-24-24-0000A.0290	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK A LOT 29	
33-45-24-24-0000B.0010	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 1	
33-45-24-24-0000B.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 2	
33-45-24-24-0000B.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 3	
33-45-24-24-0000B.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 4	
33-45-24-24-0000B.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 5	
33-45-24-24-0000B.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 6	
33-45-24-24-0000B.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 7	
33-45-24-24-0000B.0080	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 8	
33-45-24-24-0000B.0090	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK BLOT 9	
33-45-24-24-0000B.0100	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 10	
33-45-24-24-0000B.0110	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 11	
33-45-24-24-0000B.0120	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 12	
33-45-24-24-0000B.0130	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 13	
33-45-24-24-0000B.0140	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 14	
33-45-24-24-0000B.0150	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 15	
33-45-24-24-0000B.0160	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 16	
33-45-24-24-0000B.0170	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK BLOT 17	
33-45-24-24-0000B.0180	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 18	
33-45-24-24-0000B.0190	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 19	
33-45-24-24-0000B.0200	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 20	
33-45-24-24-0000B.0210	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 21	
33-45-24-24-0000B.0220	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 22	
33-45-24-24-0000B.0230	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 23	
33-45-24-24-0000B.0240	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 24	
33-45-24-24-0000B.0250	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 25	
33-45-24-24-0000B.0260	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 26	
33-45-24-24-0000B.0270	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 27	
33-45-24-24-0000B.0280	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 28	
33-45-24-24-0000B.0290	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 29	
33-45-24-24-0000B.0300	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 30	
33-45-24-24-0000B.0310	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 31	
33-45-24-24-0000B.0320	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 32	
33-45-24-24-0000B.0330	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 33	
33-45-24-24-0000B.0340	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 34	
33-45-24-24-0000B.0350	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 35	
33-45-24-24-0000B.0360	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 36	
33-45-24-24-0000B.0370	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 37	
33-45-24-24-0000B.0380	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 38	
33-45-24-24-0000B.0390	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 39	
33-45-24-24-0000B.0400	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 40	
33-45-24-24-0000B.0410	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 41	

Parcel ID	O&M On Tax Roll	
Debt
on Tax Roll	O&M Direct Billed	Debt Direct Billed	

Legal	

33-45-24-24-0000B.0420	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 42	
33-45-24-24-0000B.0430	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 43	
33-45-24-24-0000B.0440	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 44	
33-45-24-24-0000B.0450	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 45	
33-45-24-24-0000B.0460	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 46	
33-45-24-24-0000B.0470	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 47	
33-45-24-24-0000B.0480	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 48	
33-45-24-24-0000B.0490	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 49	
33-45-24-24-0000B.0500	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 50	
33-45-24-24-0000B.0510	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 51	
33-45-24-24-0000B.0520	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 52	
33-45-24-24-0000B.0530	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 53	
33-45-24-24-0000B.0540	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 54	
33-45-24-24-0000B.0550	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 55	
33-45-24-24-0000B.0560	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 56	
33-45-24-24-0000B.0570	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 57	
33-45-24-24-0000B.0580	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 58	
33-45-24-24-0000B.0590	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 59	
33-45-24-24-0000B.0600	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK B LOT 60	
33-45-24-24-0000C.0010	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 1	
33-45-24-24-0000C.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 2	
33-45-24-24-0000C.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 3	
33-45-24-24-0000C.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 4	
33-45-24-24-0000C.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 5	
33-45-24-24-0000C.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 6	
33-45-24-24-0000C.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 7	
33-45-24-24-0000C.0080	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 8	
33-45-24-24-0000C.0090	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 9	
33-45-24-24-0000C.0100	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 10	
33-45-24-24-0000C.0110	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 11	
33-45-24-24-0000C.0120	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 12	
33-45-24-24-0000C.0130	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 13	
33-45-24-24-0000C.0140	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 14	
33-45-24-24-0000C.0150	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 15	
33-45-24-24-0000C.0160	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 16	
33-45-24-24-0000C.0170	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 17	
33-45-24-24-0000C.0180	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 18	
33-45-24-24-0000C.0190	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 19	
33-45-24-24-0000C.0200	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 20	
33-45-24-24-0000C.0210	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 21	
33-45-24-24-0000C.0220	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 22	
33-45-24-24-0000C.0230	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 23	
33-45-24-24-0000C.0240	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 24	
33-45-24-24-0000C.0250	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 25	
33-45-24-24-0000C.0260	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 26	
33-45-24-24-0000C.0270	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 27	
33-45-24-24-0000C.0280	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 28	
33-45-24-24-0000C.0290	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 29	
33-45-24-24-0000C.0300	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 30	
33-45-24-24-0000C.0310	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 31	
33-45-24-24-0000C.0320	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 32	
33-45-24-24-0000C.0330	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 33	
33-45-24-24-0000C.0340	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 34	
33-45-24-24-0000C.0350	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 35	
33-45-24-24-0000C.0360	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 36	
33-45-24-24-0000C.0370	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 37	
33-45-24-24-0000C.0380	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 38	
33-45-24-24-0000C.0390	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 39	
33-45-24-24-0000C.0400	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK C LOT 40	
33-45-24-24-0000D.0010	$	282.14	$	-	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 1	
33-45-24-24-0000D.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 2	
33-45-24-24-0000D.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 3	
33-45-24-24-0000D.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 4	
33-45-24-24-0000D.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 5	
33-45-24-24-0000D.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 6	
33-45-24-24-0000D.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 7	
33-45-24-24-0000D.0080	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 8	
33-45-24-24-0000D.0090	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 9	
33-45-24-24-0000D.0100	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 10	
33-45-24-24-0000D.0110	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 11	
33-45-24-24-0000D.0120	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 12	
33-45-24-24-0000D.0130	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 13	
33-45-24-24-0000D.0140	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 14	

Parcel ID	O&M On Tax Roll	
Debt
on Tax Roll	O&M Direct Billed	Debt Direct Billed	

Legal	

33-45-24-24-0000D.0150	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 15	
33-45-24-24-0000D.0160	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 16	
33-45-24-24-0000D.0170	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 17	
33-45-24-24-0000D.0180	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 18	
33-45-24-24-0000D.0190	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 19	
33-45-24-24-0000D.0200	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 20	
33-45-24-24-0000D.0210	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 21	
33-45-24-24-0000D.0220	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 22	
33-45-24-24-0000D.0230	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 23	
33-45-24-24-0000D.0240	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 24	
33-45-24-24-0000D.0250	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 25	
33-45-24-24-0000D.0260	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 26	
33-45-24-24-0000D.0270	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 27	
33-45-24-24-0000D.0280	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 28	
33-45-24-24-0000D.0290	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 29	
33-45-24-24-0000D.0300	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 30	
33-45-24-24-0000D.0310	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 31	
33-45-24-24-0000D.0320	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 32	
33-45-24-24-0000D.0330	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK D LOT 33	
33-45-24-24-0000E.0010	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 1	
33-45-24-24-0000E.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 2	
33-45-24-24-0000E.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 3	
33-45-24-24-0000E.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 4	
33-45-24-24-0000E.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 5	
33-45-24-24-0000E.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 6	
33-45-24-24-0000E.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 7	
33-45-24-24-0000E.0080	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 8	
33-45-24-24-0000E.0090	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 9	
33-45-24-24-0000E.0100	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 10	
33-45-24-24-0000E.0110	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 11	
33-45-24-24-0000E.0120	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 12	
33-45-24-24-0000E.0130	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 13	
33-45-24-24-0000E.0140	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 14	
33-45-24-24-0000E.0150	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 15	
33-45-24-24-0000E.0160	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 16	
33-45-24-24-0000E.0170	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 17	
33-45-24-24-0000E.0180	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 18	
33-45-24-24-0000E.0190	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 19	
33-45-24-24-0000E.0200	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 20	
33-45-24-24-0000E.0210	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 21	
33-45-24-24-0000E.0220	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 22	
33-45-24-24-0000E.0230	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 23	
33-45-24-24-0000E.0240	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 24	
33-45-24-24-0000E.0250	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 25	
33-45-24-24-0000E.0260	$	282.14	$	638.30	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK E LOT 26	
33-45-24-24-0000F.0010	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 1	
33-45-24-24-0000F.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 2	
33-45-24-24-0000F.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 3	
33-45-24-24-0000F.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 4	
33-45-24-24-0000F.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 5	
33-45-24-24-0000F.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 6	
33-45-24-24-0000F.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK F LOT 7	
33-45-24-24-0000G.0010	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 1	
33-45-24-24-0000G.0020	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 2	
33-45-24-24-0000G.0030	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 3	
33-45-24-24-0000G.0040	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 4	
33-45-24-24-0000G.0050	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 5	
33-45-24-24-0000G.0060	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 6	
33-45-24-24-0000G.0070	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 7	
33-45-24-24-0000G.0080	$	282.14	$	728.83	$	-	$	-	PORTOFINO SPRINGSAS DESC IN INST# 2014000078831BLK G LOT 8	
	$	57,274.42	$	142,968.75				

February 26, 2026 Board of Supervisors
Portofino Springs Community Development District 5385 N. Nob Hill Road
Sunrise, FL 33351

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We are pleased to confirm our understanding of the services we are to provide Portofino Springs Community Development District, Lee County, Florida (“the District”) for the fiscal year ended September 30, 2026. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Portofino Springs Community Development District as of and for the fiscal year ended September 30, 2026. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2026 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Portofino Springs Community Development District	Page 2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Portofino Springs Community Development District	Page 3

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

Portofino Springs Community Development District	Page

FlCPA

-�	AICPA'.

•

Florida Institute of Certified Public Accountants

Peer Review Program

Administered in Florida
by the Florida Institute of CPAs

November 18, 2025 Antonio Grau
Grau & Associates
1001 W. Yamato Road, Suite 301 Boca Raton, FL 33431-4403

Dear Antonio Grau:

It is my pleasure to notify you that on November 18, 2025, the Florida Peer Review Committee accepted the report on the most recent System Review of your firm. The due date for your next review is December 31, 2028. This is the date by which all review documents should be completed and submitted to the administering entity.

As you know, the report had a peer review rating of pass. The Committee asked me to convey its congratulations to the firm.

Thank you for your cooperation. Sincerely,

Peer Review Team
FICPA Peer Review Committee paul@ficpa.org
850.224.2727, x5957

cc: Daniel Hevia, David Caplivski

Firm Number: 900004390114	Review Number:  616829

119 S Monroe Street, Suite 121 I Tallahassee, FL 32301I 850.224.2727, in Florida I www.ficpa.org

BOARD OF SUPERVISORS MEETING DATES PORTOFINO SPRINGS COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026/2027

The Board of Supervisors of the Portofino Springs Community Development District will hold their regular meetings for the Fiscal Year 2026/2027 10:45 AM at the offices of Barraco and Associates, Inc, 2271 McGregor Blvd., Suite 100, Fort Myers, FL 33901, on the second Friday of each month as follows:

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

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

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

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

Paul Winkeljohn Manager

Public Search Results
In the search results grid, organization names are linked to coordinator contact information. The [?] links display the relevant contact information. The coordinator is the person who is responsible for adding/removing individuals from the filer list.
When a form is logged, the status will contain the date received and the message “Form Available Soon”. When the Form becomes available online, the Filing Requirement Fulfilled status will have a link to “View Form” for electronic forms and (not available online) for any paper forms.

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Section 112.31445, Florida Statutes, requires that all forms filed in the Electronic Financial Disclosure Management System (EFDMS) be posted online. Before being posted online, any information required by law to be maintained as confidential must be redacted. This process is not automated and may take up to five business days.

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

255592	
2025	
Kyle Castillo	
Portofino Springs Community Development District - Board of Supervisors  [?]	
Form 1 with COE [?]		
Form 1 Not Filed		
View Filings	

310184	
2025	
Dominic Miletta	
Portofino Springs Community Development District - Board of Supervisors  [?]	
Form 1 with COE [?]		
Form 1 Not Filed		
View Filings	

266003	
2025	
David Westbroo k	
Mirada Community Development District (Lee) - Board of Supervisors  [?]

Portofino Springs Community Development District - Board of Supervisors  [?]	
Form 1 with COE [?]		
Form 1 Not Filed		
View Filings	
1-3 of 3			Rows per page:	25			«	‹	1	›	»	

Memorandum To:	Portoﬁno Springs Board of Supervisors
From: District Management
Date: April 17, 2026
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2025 legislative session. Starting on October 1, 2025, or by the end of the ﬁrst full ﬁscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2026), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identiﬁed the following key categories to focus on for Fiscal Year
2026 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reﬂects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Portoﬁno Springs Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2025 – September 30, 2026

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☑ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes☑ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☑ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☑ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☑ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☑ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☑ No ☐

Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☑ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Portoﬁno Springs Community Development District

District Manager:		Date:	 Print Name:	 
Portoﬁno Springs Community Development District

Memorandum To:	Portoﬁno Springs Board of Supervisors
From: District Management
Date: April 17, 2026
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2026 legislative session. Starting on October 1, 2026, or by the end of the ﬁrst full ﬁscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2027), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identiﬁed the following key categories to focus on for Fiscal Year
2027 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reﬂects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Portoﬁno Springs Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2026 – September 30, 2027

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.

Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Portoﬁno Springs Community Development District

District Manager:		Date:	 Print Name:	 
Portoﬁno Springs Community Development District

Portofino Springs	
COMMUNITY DEVELOPMENT DISTRICT	

Fiscal Year 2026	
Check Register	
1/1/26 - 3/31/26

Date

check #'s

Amount

1/1 - 1/31	635 - 639	$17,768.44	

2/1 - 2/28	640 - 642	$9,377.12	

3/1 - 3/31	643 - 645	$4,761.81	

TOTAL	$	31,907.37	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/07/26	PAGE	1
*** CHECK DATES 01/01/2026 - 03/31/2026 ***	PORTOFINO SPRINGS - GF
BANK A PORT SPRINGS - GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/14/26 00004 12/31/25 196762	202512 310-51300-31500	*	500.00
DEC 25 - ATTORNEY FEES
BILLING COCHRAN, P.A.	500.00 000635

1/14/26 00001	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
236	202601 310-51300-34000	*	2,233.00
JAN 26 - MGMT FEES
236	202601 310-51300-35100	*	92.75
JAN 26 - COMPUTER TIME
236	202601 310-51300-31300	*	231.92
JAN 26 - DISSEMINATION
236	202601 310-51300-35110	*	92.75
JAN 26 - WEBSITE ADMIN
236	202601 310-51300-42000	*	1.48
JAN 26 - POSTAGE
GMS-SF, LLC	2,651.90 000636
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00010	1/05/25 28474	202601 310-51300-32200	*	3,200.00
AUDIT FYE 9/30/25
GRAU & ASSOCIATES	3,200.00 000637
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00017	1/13/26 01132026 202601 300-20700-10100	*	6,210.70
TRANSFER OF TAX RECEIPTS
PORTOFINO SPRINGS CDD C/O REGIONS	6,210.70 000638
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/26 00017	1/20/26 01202026 202601 300-20700-10100	*	5,205.84
TRANSFER OF TAX RECEIPTS
PORTOFINO SPRINGS CDD C/O REGIONS	5,205.84 000639
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/12/26 00004	1/31/26 197150	202601 310-51300-31500	*	500.00
JAN 26 - ATTORNEY FEES
BILLING COCHRAN, P.A.	500.00 000640

2/12/26 00001	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
237	202602 310-51300-34000	*	2,233.00
FEB 26 - MGMT FEES
237	202602 310-51300-35100	*	92.75
FEB 26 - COMPUTER TIME
237	202602 310-51300-31300	*	231.92
FEB 26 - DISSEMINATION
237	202602 310-51300-35110	*	92.75
FEB 26 - WEBSITE ADMIN
237	202602 310-51300-42000	*	1.48
FEB 26 - POSTAGE
GMS-SF, LLC	2,651.90 000641
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/26 00017	2/16/26 02162026 202602 300-20700-10100	*	6,225.22
TRANSFER OF TAX RECEIPTS
PORTOFINO SPRINGS CDD C/O REGIONS	6,225.22 000642
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PSPR PORT SPRINGS	SRINKUS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/07/26	PAGE	2
*** CHECK DATES 01/01/2026 - 03/31/2026 ***	PORTOFINO SPRINGS - GF

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
3/10/26 00004	2/28/26 197439	202602 310-51300-31500	*
BILLING COCHRAN, P.A.		797.50	
797.50 000643	
- - - - - - - - 3/10/26 00001	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/01/26 238	202603 310-51300-34000	*
3/01/26 238	202603 310-51300-35100	*	- - - -	- - - - - -

92.75	- - - - - - - -	
	MAR 26 - COMPUTER TIME
3/01/26 238	202603 310-51300-31300	*		231.92		
	MAR 26 - DISSEMINATION
3/01/26 238	202603 310-51300-35110	*		92.75		
	MAR 26 - WEBSITE ADMIN
3/01/26 238	202603 310-51300-51000	*		.30		
	MAR 26 - OFFICE SUPPLIES
3/01/26 238	202603 310-51300-42000	*		12.39		
	MAR 26 - POSTAGE
GMS-SF, LLC			2,663.11 000644	
- - - - - - - - 3/12/26 00017	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/11/26 03112026 202603 300-20700-10100	*
PORTOFINO SPRINGS CDD C/O REGIONS	- - - -	- - - - - -	- - - - - - - -

1,301.20 000645	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK A		31,907.37		
	TOTAL FOR REGISTER		31,907.37		

BANK A PORT SPRINGS - GF

FEB 26 - ATTORNEY FEES

MAR 26 - MGMT FEES

2,233.00

TRANSFER OF TAX RECEIPTS

1,301.20

PSPR PORT SPRINGS	SRINKUS

Portofino Springs	
Community Development District	

Unaudited Financial Reporting	
March 31, 2026	

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund Series 2007A

	Capital Project Fund Series 2007A

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Portofino Springs	
Community Development District	
Combined Balance Sheet	
March 31, 2026	

General	Debt Service	Capital Project	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	
Due from General Fund	

$	76,897	
-	

$	-	
-	

$	-	
-	

$	76,897	
-	

Investments:

Series 2007A	
Reserve	
Interest	
Revenue	
Sinking	
Prepayment	
Construction	

-	
-	
-	
-	
-	
-	

25,729	
15	
191,297	
17	
2,900	
-	

-	
-	
-	
-	
-	
4	

-	
25,729	
15	
191,297	
17	
2,900	
4	

Total Assets	$	76,897	$	219,957	$	4	$	296,858	
Liabilities:	
Accounts Payable	$	32	$	-		$	-		$	32	
Due to Debt Service	-		-		-	-	

Total Liabilites	$	32	$	-	$	-	$	32

Fund Balance:	
Restricted for:	
Debt Service	
Capital Project	
Unassigned	

$	-	
4	
-	

$	219,957	
4	
76,865	

$	-	$	219,957

76,865	-

Total Liabilities & Fund Balance	$	76,897	$	219,957	$	4	$	296,858

Total Fund Balances	$	76,865	$	219,957	$	4	$	296,827

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

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

Revenues:		
Special Assessments - Tax Roll	$	53,838	

$	53,838

$	50,761	$

(3,077)

Total Revenues	$	53,838	$	53,838	$	50,761	$	(3,077)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	7,200	$	3,600	$	600	$	3,000	
PR-FICA	551	275	46	230	
Engineering	1,000	500	-	500	
Attorney	10,000	5,000	2,798	2,203	
Annual Audit	3,700	-	3,200	(3,200)	
Dissemination Agent	2,783	1,392	1,392	-	
Trustee Fees	3,500	-	-	-	
Management Fees	26,796	13,398	13,398	-	
Information Technology	1,113	557	557	-	
Website Maintenance	1,113	557	557	-	
Postage & Delivery	100	50	84	(34)	
Insurance General Liability	9,304	9,304	8,295	1,009	
Printing & Binding	200	100	-	100	
Legal Advertising	2,000	1,000	-	1,000	
Other Current Charges	1,000	500	387	113	
Office Supplies	25	13	0	12	
Dues, Licenses & Subscriptions	175	175	175	-	
First Quarter Operating	13,720	6,860	-	6,860	
Total General & Administrative	$	84,279	$	43,279	$	31,487	$	11,792	

Total Expenditures	$	84,279	$	43,279	$	31,487	$	11,792	

Excess (Deficiency) of Revenues over Expenditures	$	(30,441)	$	10,559	$	19,273	$	8,715	

Net Change in Fund Balance	$  (30,441)	$	10,559	$	19,273	$	8,715	
	
Fund Balance - Beginning	$	37,528		$	57,592		
	
Fund Balance - Ending	$	7,087		$	76,865		

Portofino Springs	
Community Development District	
Debt Service Fund Series 2007A	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2026	

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

Revenues:		
Special Assessments - Tax Roll	$  134,391	
Interest Income	2,000	

$	134,391	
2,000	

$  126,675	
2,817	

$	(7,715)	
817	

Total Revenues	$ 136,391	$	136,391	$ 129,492	$	(6,899)	
Expenditures:		
Interest - 11/1	$	33,550	$	33,550	$	33,550	$	-	
Interest - 5/1	33,550	-	-	-	
Principal - 5/1	65,000	-	-	-	
Total Expenditures	$ 132,100	$	33,550	$	33,550	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	4,291	$	102,841	$	95,942	$	(6,899)	

Net Change in Fund Balance	$	4,291	$	102,841	$	95,942	$	(6,899)	
		
Fund Balance - Beginning	$	81,542	$  124,015	
		
Fund Balance - Ending	$	85,833	$  219,957	

Portofino Springs	
Community Development District	
Capital Projects Fund Series 2007A	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending March 31, 2026	

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

Revenues		
Interest Income	$	-	

$	-	$	0	$	0

Total Revenues	$	-	$	-	$	0	$	0	

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

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	0	$	0	

Net Change in Fund Balance	$	-	$	0	
		
Fund Balance - Beginning	$	-	$	4	
		
Fund Balance - Ending	$	-	$	4	

Portofino Springs	
Community Development District	
Month to Month	

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

Revenues:														
Special Assessments - Tax Roll	$	-	$	8,322	$  37,324	$	2,099	$	2,494	$	521	$	-	$	-	$	-	$	-	$	-	$	-	$  50,761	

Total Revenues	$	-	$	8,322	$  37,324	$	2,099	$	2,494	$	521	$	-	$	-	$	-	$	-	$	-	$	-	$  50,761	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	-	$	-	$	600	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	600	
PR-FICA	-	-	-	-	46	-	-	-	-	-	-	-	46	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	500	500	500	500	798	-	-	-	-	-	-	-	2,798	
Annual Audit	-	-	-	3,200	-	-	-	-	-	-	-	-	3,200	
Dissemination Agent	232	232	232	232	232	232	-	-	-	-	-	-	1,392	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	2,233	2,233	2,233	2,233	2,233	2,233	-	-	-	-	-	-	13,398	
Information Technology	93	93	93	93	93	93	-	-	-	-	-	-	557	
Website Maintenance	93	93	93	93	93	93	-	-	-	-	-	-	557	
Postage & Delivery	1	33	2	1	1	44	-	-	-	-	-	-	84	
Insurance General Liability	8,295	-	-	-	-	-	-	-	-	-	-	-	8,295	
Printing & Binding	-	-	-	-	-	-	-	-	-	-	-	-	-	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	22	232	35	33	30	36	-	-	-	-	-	-	387	
Office Supplies	-	-	-	-	-	0	-	-	-	-	-	-	0	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
First Quarter Operating	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total General & Administrative	$  11,644	$	3,415	$	3,187	$	6,385	$	4,125	$	2,731	$	-	$	-	$	-	$	-	$	-	$	-	$  31,487	

Total Expenditures	$  11,644	$	3,415	$	3,187	$	6,385	$	4,125	$	2,731	$	-	$	-	$	-	$	-	$	-	$	-	$  31,487	

Excess (Deficiency) of Revenues over Expe	$  (11,644)	$	4,907	$  34,137	$	(4,286)	$	(1,631)	$	(2,209)	$	-	$	-	$	-	$	-	$	-	$	-	$  19,273	

Net Change in Fund Balance	$ (11,644)	$	4,907	$  34,137	$  (4,286)	$  (1,631)	$  (2,209)	$	-	$	-	$	-	$	-	$	-	$	-	$  19,273	

Page 5

Portofino Springs	
Community Development District	
Long Term Debt Report	

Series 2007A, Special Assessment Bonds

Interest Rate:	5.500%	
Maturity Date:	5/1/2038	
Reserve Fund Definition	6.88% of aggregate pincipal amount of oustanding Bonds	
Reserve Fund Requirement	$234,838	
Reserve Fund Balance	25,729	
Original Bond Issuance - 6/13/2007	$3,415,000	
Less: Principal Payment - 5/1/9	($45,000)	
Less: Principal Payment - 5/1/10	($50,000)	
Less: Principal Payment - 5/1/12	($1,365,000)	
Less: Principal Payment - 5/1/13	($90,000)	
Less: Principal Payment - 5/1/14	($35,000)	
Less: Principal Payment - 5/1/15	($40,000)	
Less: Principal Payment - 5/1/16	($40,000)	
Less: Principal Payment - 5/1/17	($40,000)	
Less: Special Call - 11/1/17	($50,000)	
Less: Principal Payment - 5/1/18	($45,000)	
Less: Principal Payment - 5/1/19	($45,000)	
Less: Principal Payment - 5/1/20	($50,000)	
Less: Principal Payment - 5/1/21	($55,000)	
Less: Special Call - 5/1/21	($5,000)	
Less: Principal Payment - 5/1/22	($55,000)	
Less: Principal Payment - 5/1/23	($60,000)	
Less: Principal Payment - 5/1/24	($60,000)	
Less: Principal Payment - 5/1/25	($65,000)	
Current Bonds Outstanding	$1,220,000	

Page 6

Portofino Springs
COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments	$	57,274.42	$	142,968.75	$	200,243.17	
Net Assessments	$	53,837.95	$	134,390.63	$	188,228.58	
allocation in %	28.60%	71.40%	100.00%	

Special Assessment Receipts - Lee County Fiscal Year 2026

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	Discount/
(Penalty)	
Commission	
Interest	
Net Receipts	
O&M Portion	2007	Debt
Service	
Total	

11/12/25	
10/1-10/31/25	
$	1,360.07	
$	45.77	
$	373.52	
$	-	
$	940.78	
$	269.09	
$	671.69	
$	940.78	
11/20/25	11/1-11/15/25	29,328.68	1,173.19	-	-	28,155.49	8,053.16	20,102.33	28,155.49	
12/10/25	11/16-11/30/25	126,869.32	5,074.95	-	-	121,794.37	34,836.15	86,958.22	121,794.37	
12/24/25	12/1-12/15/25	8,997.19	298.44	-	-	8,698.75	2,488.05	6,210.70	8,698.75	
01/13/26	Unused Revenue	-	-	(13.66)	-	13.66	13.66	-	13.66	
01/16/26	12/16-12/31/26	7,516.84	225.50	-	-	7,291.34	2,085.50	5,205.84	7,291.34	
02/12/26	1/1-1/31/26	8,917.67	198.58	-	-	8,719.09	2,493.87	6,225.22	8,719.09	
03/11/26	2/1-2/28/26	1,840.88	18.41	-	-	1,822.47	521.27	1,301.20	1,822.47	
						-	-	-	-	
	TOTAL	$	184,830.65	$	7,034.84	$	359.86	$	-	$	177,435.95	$	50,760.75	$	126,675.20	$	177,435.95	

92.30%
$	15,412.52

Percent Collected Balance Remaining to Collect

Page 7