The Crossings at Fleming Island Community Development District
475 West Town Place, Suite 114 St. Augustine, Florida 32092

July 16, 2026
Board of Supervisors
The Crossings at Fleming Island Community Development District

Dear Board Members:

The Crossings at Fleming Island Community Development District Board of Supervisors Meeting is scheduled for Thursday, July 23, 2026 at 6:00 p.m. at 2217 Eagle Harbor Parkway, Fleming Island, Florida 32003.

Following is the agenda for the meeting:

	I.	Roll Call

	I.	Pledge of Allegiance
	II.	Public Comment
	III.	Approval of Consent Agenda
	A.	Minutes of the June 25, 2026 Meeting

	A.	Financial Statements

	A.	Check Register

	I.	Ratification of the 2025 Audit Engagement Letter with McDirmit Davis

	I.	Acceptance of the Fiscal Year 2025 Audit Report

	I.	Consideration of Proposals for Landscape and Irrigation Maintenance Services (provided under separate cover)

	I.	Management Team Reports
	A.	District Counsel

	A.	Ruppert Landscape – Report

	A.	Hampton Golf – Report (to be provided under separate cover)
	B.	District Manager & Operations – Operations Report

	I.	Supervisors’ Requests and Audience Comments

	I.	Next Scheduled Meeting – August 27, 2026 at 6:00 p.m. at 2217 Eagle Harbor Parkway

	I.	Adjournment

FOURTH ORDER OF BUSINESS

A.
The Crossings at Fleming Island CDD Board of Supervisors Meeting Minutes Thursday, June 25, 2026
2217 Eagle Harbor Parkway Fleming Island, Florida

(Please note: This is not verbatim, a CD recording of the board meeting is available on file for review).

Board Members Present
John Tabor, Chairman Mike Bruno, Supervisor Paul Booth, Supervisor
Jimmy Pinkerman, Supervisor

Staff Present
Rich Komando, District Counsel, Kopelousos, Bradley & Garrison
Steve Andersen, District Manager and Operations Manager, Eagle Harbor Marilee Giles, District Administrator, Governmental Management Services, LLC

	I.	Roll Call
Chairman Tabor called the meeting to order at 6:00 p.m. and Ms. Giles called the roll.

	I.	Pledge of Allegiance

	I.	Public Comment

	I.	Approval of Consent Agenda
	A.	Approval of the Minutes of the May 28, 2026 Meeting

	A.	Financial Statements
June 25, 2026	The Crossings at Fleming Island CDD

	A.	Check Register

	I.	Management Team Reports
	A.	District Counsel
Supervisor Pinkerman joined the meeting at this time by telephone/ Mr. Komando reported on the status of the litigation.

	A.	Ruppert Landscaping - Report
A copy of the landscaping report was included in the agenda package.

	A.	Hampton Golf - Report
A copy of the Eagle Harbor Golf Club performance report was included in the agenda.

	A.	District Manager & Operations – Operations Report
Mr. Andersen reviewed the facility report for June, copy of which was included in the agenda package and gave an overview of the NGF report.

	I.	Supervisor’s Requests and Audience Comments
Supervisor Bruno inquired about the new checklist for golf outdoor services and golf maintenance. Mr. Andersen stated they are in place for both entities.

	VII.	Next Scheduled Meeting – July 23, 2026 at 6:00 p.m. at 2217 Eagle Harbor Parkway
June 25, 2026	The Crossings at Fleming Island CDD

	VII.	– Adjournment
Hearing no objection, the Chairman adjourned the meeting at 6:42 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

3

B.

The Crossings at Fleming Island
Community Development District

Unaudited Financial Reporting
June 30, 2026
Table of Contents

1

2-3

4

5

6

7

8

9-10

11

12-13

14-15

16-17
	Balance Sheet

	General Fund

	Capital Reserve Fund

	Debt Service Fund Series 2014A-1 & A-2

	Debt Service Fund Series 2014A-3

	Debt Service Fund Series 2017

	Water and Sewer Fund

	Golf Course Fund

	Swim & Tennis Fund

	General Fund Month to Month

	Water and Sewer Fund Month to Month

	Golf Course Fund Month to Month

18		Assessment Receipt Schedule
The Crossings at Fleming Island
Community Development District Combined Balance Sheet
June 30, 2026

General	Governmental Funds Reserve		
Debt Service	
Water/Sewer	Proprietary Funds Golf Course	
Swim & Tennis	
Totals							
	Fund	Fund		Fund	Fund	Fund	Fund	FY 2026							
Assets:
Cash:
Operating Account-Wells Fargo	

$	166,210	

# $	86,993	

$	

-	$	

150,368	

$	82,089	

$	180,985	

$	666,645							
Operating Account-BB&T	-	-	-	-	-	-	-									
Depository Account	-	-	-	-	77,214	972,180	1,049,394									
Petty Cash	-	-	-	-	1,655	900	2,555									
Accounts Receivable	-	-	-	-	64,550	81,276	145,826									
Due from General Fund	-	-	46,618	-	-	-	46,618									
Due from Water/Sewer	-	-	-	-	-	-	-									
Due from Other	-	-	-	-	-	-	-									
Due from GC - Current year	59,817	161,179	-	-	-	-	220,995									
Due from Swim & Tennis Fund	(14,975)	-	-	-	-	-	(14,975)									
Due from Capital Outlay Fund	-	-	-	-	-	-	-									
Due from Golf Course - Loan	235,256	-	-	-	-	-	235,256									
Due from Golf Course - Equipment Lease	455,926	-	-	-	-	-	455,926									
Due from Debt Service	-	8,021					8,021									
Investments:
State Board of Administration (SBA)	3,048,583	
55,637	
-	
3,656,401	
282	
-	
6,760,903									
State Board of Administration (SBA)-Reserves	1,371,102
Series 1999
Reserve	-	-

-	-

-	-

-	-

91,107	-

-	1,371,102

91,107									
Interest	-	-	-	-	3	-	3									
Revenue	-	-	-	-	92,224	-	92,224									
Sinking	-
Series 2007/2016 Refunding/2017
Reserve	-	-

-	-

-	-

1	8

-	-

-	8

1									
Surplus	-	-	-	905,749	-	-	905,749									
Rate Stabilization	-	-	-	276,068	-	-	276,068									
Renewal & Replacement	-	-	-	288,425	-	-	288,425									
Revenue	-	-	-	1,009,270	-	-	1,009,270									
Interest	-	-	-	308,833	-	-	308,833									
Redemption - Tax Exempt	-	-	-	929	-	-	929									
Redemption - Taxable	-
Series 2014 - A-1/A-2	-	-	286	-	-	286									
Reserve A-1	-	-	914,591	-	-	-	914,591									
Interest A-1	-	-	-	-	-	-	-									
Revenue	-	-	514,822	-	-	-	514,822									
Prepayment A-1	-	-	1,050,641	-	-	-	1,050,641									
Reserve A-2	-	-	355,099	-	-	-	355,099									
Interest A-2	-	-	-	-	-	-	-									
Prepayment A-2	-
Series 2014 - A-3
Reserve A-3	-	-

-	2

369,978	-

-	-

-	-

-	2

369,978									
Interest - A-3	-	-	-	-	-	-	-									
Revenue	-	-	255,328	-	-	-	255,328									
Prepayment A-3	-	-	-	-	-	-	-									
Construction - A-3	-
Series 2017	-	-	-	-	-	-									
Reserve - 2017	-	-	32,969	-	-	-	32,969									
Interest - 2017	-	-	-	-	-	-	-									
Revenue - 2017	-	-	62,757	-	-	-	62,757									
Prepayment - 2017	-	-	583	-	-	-	583									
Inventory	-	-	-	-	190,237	29,734	219,971									
Prepaid Expenses	20,000	-	-	-	112,011	15,612	147,623									
Deposits	35,000	-	-	-	7,146	-	42,146									
Lease Asset	-
Non-Current Assets:
Fixed Assets	-	-

-	-

-	-

8,723,937	8,819

5,015,910	-

-	8,819

13,739,847									
Total Assets	$	5,376,918	$	311,829	$	3,603,387	$	15,320,267	$	5,743,255	$	1,280,687	$	31,636,343									
Liabilities:
Accounts Payable	
105,210	
# $	
34,177	
$	
-	$	8,421	
$	338,921	
$	100,668	
$	587,397							
Accrued Payroll/Bonuses	-		-		-	-	52,324	49,118	101,442							
Member Liability	-		-		-	-	104,612	4,639	109,251							
Due to General Fund	-		-		-	-	13,598	9,790	23,388							
Due to General Fund - Loan	-		-		-	-	310,798	-	310,798							
Due to Debt Service	46,618		-		-	-	-	-	46,618							
Due to Reserve	19,711		-		-	-	-	-	19,711							
Deferred Income	-		-		-	0	56,134	110,187	166,321							
Deposits Payable	4,373		-		-	905	-	10,425	15,703							
Lease Liability	-		-		-	-	137,982	-	137,982							
Accrued Interest Payable - Bonds	-		-		-	141,826	2,706,958	-	2,848,784							
Accrued Principal Payable	-		-		-	795,000	4,065,000	-	4,860,000							
Maintenance Warranties	-		-		-	3,709	-	-	3,709							
Bonds Payable - 1999	-		-		-	-	475,000	-	475,000							
Bonds Payable - 2016 Ref	-		-		-	16,010,000	-	-	16,010,000							
Total Liabilities	$	175,912	$	34,177	$	-	$	16,959,861	$	8,261,327	$	284,827	$	25,716,104							
Fund Balance:
Nonspendable:															
Deposits	$	35,000	$	-	$	-	$	-		$	-		$	-		$	35,000	
Restricted for:
Debt Service	
-	
-	
3,603,387	
-	
-	
-	
3,603,387								
Water/Sewer Assigned for:
Capital Reserves	-

1,371,102	-

-	-

-	905

-	-

-	-

-	905

1,371,102								
Unassigned/Unrestricted	3,774,904	277,652	-	(1,640,500)	(2,518,072)	995,859	889,843								
Total Fund Balances	$	5,201,006	$	277,652	$	3,603,387	$	(1,639,595)	$	(2,518,072)	$	995,859	$	5,920,237								
															
Total Liabilities & Fund Balance	$	5,376,918	$	311,829	$	3,603,387	$	15,320,267	$	5,743,255	$	1,280,686	$	31,636,341								
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Revenues:					
Special Assessments - Tax Roll	$	3,487,971	$	3,487,971	$	3,501,245	$	13,274	
Boat/RV Storage Fees	115,000	86,250	88,200	1,950	
Interest Income	180,000	135,000	132,376	(2,624)	
Misc/Newsletter/Rental Income	21,000	15,750	5,634	(10,116)	
Total Revenues	$	3,803,971	$	3,724,971	$	3,727,455	$	2,484	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	15,000	$	11,250	$	7,518	$	3,732	
PR-FICA/Workers Comp/PR Fees	17,000	12,750	19,705	(6,955)	
Engineering	7,000	5,250	-	5,250	
District Attorney	33,400	25,050	25,767	(717)	
Litigation Counsel	50,000	37,500	103,442	(65,942)	
Annual Audit	4,500	3,375	-	3,375	
Assessment Administration	18,375	18,375	18,375	0	
Arbitrage Rebate	1,100	825	1,100	(275)	
Dissemination Agent	2,100	1,575	1,575	-	
Trustee Fees	20,000	15,000	-	15,000	
District Manager/Administrator	105,450	79,088	87,290	(8,202)	
General Administrative	15,000	11,250	10,315	935	
Insurance General Liability	74,128	74,128	63,167	10,961	
Other Current Charges	5,000	3,750	1,141	2,609	
Dues, Licenses & Website	25,000	18,750	8,600	10,150	
Total General & Administrative	$	393,054	$	317,916	$	347,995	$	(30,079)	
Operations & Maintenance					
Maintenance					
Landscape Maintenance	$	863,114	$	647,336	$	647,337	$	(1)	
Landscape Maintenance - Contingency	110,000	82,500	85,397	(2,897)	
Lake Maintenance	90,000	67,500	54,415	13,085	
Cost Sharing Agreement - Stone Creek	14,000	10,500	-	10,500	
Facility/Preventative Maintenance	250,000	187,500	144,247	43,253	
Utilities	160,000	120,000	92,622	27,378	
Security	45,000	33,750	25,748	8,002	
Operating Reserves	5,895	4,422	-	4,422	
Subtotal Maintenance	$	1,538,010	$	1,153,507	$	1,049,766	$	103,741	
					
Total Operations & Maintenance	$	1,538,010	$	1,153,507	$	1,049,766	$	103,741	
					
Total Expenditures	$	1,931,064	$	1,471,424	$	1,397,761	$	73,663	
General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual			
	Budget	Thru 06/30/26	Thru 06/30/26	Variance			
					
Excess (Deficiency) of Revenues over Expenditures	$	1,872,907	$	2,253,547	$	2,329,695	$	76,147			
Other Financing Sources/(Uses):					
Interfund Transfer In/(Out) - SBA Reserve	$	(125,000)	$	-	$	-	$	-			
Interfund Transfer Out - Swim & Tennis	(1,747,907)	(1,310,931)	(1,310,931)	-	
Total Other Financing Sources/(Uses)	$	(1,872,907)	$	(1,310,931)	$	(1,310,931)	$	-	
					
Net Change in Fund Balance	$	0	$	942,617	$	1,018,764	$	76,147	
					
Fund Balance - Beginning	$	-		$	4,182,242		
					
Fund Balance - Ending	$	0		$	5,201,006		
Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Revenues					
Special Assessments - Tax Roll	$	620,196	$	620,196	$	614,676	$	(5,520)	
Interest	20,000	15,000	1,613	(13,387)	
Total Revenues	$	640,196	$	635,196	$	616,288	$	(18,908)	
Expenditures:					
Capital Outlay	$	619,686	$	464,765	$	202,617	$	262,148	
Other Current Charges	500	375	-	375	
Total Expenditures	$	620,186	$	465,140	$	202,617	$	262,523	
					
Excess (Deficiency) of Revenues over Expenditures	$	20,010	$	170,057	$	413,672	$	243,615	
Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	20,010	$	170,057	$	413,672	$	243,615	
					
Fund Balance - Beginning	$	-		$	(136,019)		
					
Fund Balance - Ending	$	20,010		$	277,652		
Debt Service Fund Series 2014A-1 /A-2
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Revenues:					
Special Assessments - Tax Roll	$	2,411,887	$	2,411,887	$	2,417,858	$	(33,381)	
Special Assessments - Prepayments A-1	-	-	2,535	2,535	
Special Assessments - Prepayments A-2	-	-	397	397	
Interest Income	-	-	99,870	99,870	
Total Revenues	$	2,411,887	$	2,411,887	$	2,520,661	$	69,422	
Expenditures:					
Series 2014 A-1					
Interest Expense - 11/1	$	184,050	$	184,050	182,700	$	1,350	
Special Call - 11/1	-	-	10,000	(10,000)	
Principal Expense - 5/1	1,490,000	1,490,000	1,485,000	5,000	
Interest Expense - 5/1	184,050	184,050	182,475	1,575	
Special Call - 5/1	-	-	-	-	
Series 2014 A-2
Interest Expense - 11/1	

52,675	

52,675	

51,975	

700	
Special Call - 11/1	-	-	5,000	(5,000)	
Principal Expense - 5/1	260,000	260,000	260,000	-	
Interest Expense - 5/1	52,675	52,675	51,800	875	
Special Call - 5/1	-	-	-	-	
Total Expenditures	$	2,223,450	$	2,223,450	$	2,228,950	$	(5,500)	
					
Excess (Deficiency) of Revenues over Expenditures	$	188,437	$	188,437	$	291,711	$	63,922	
Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	188,437	$	188,437	$	291,711	$	63,922	
					
Fund Balance - Beginning	$	941,772		$	2,582,796		
					
Fund Balance - Ending	$	1,130,209		$	2,874,507		
Debt Service Fund Series 2014A-3
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Revenues:					
Special Assessments - Tax Roll	$	378,767	$	378,767	$	379,064	$	297	
Interest Income	-	-	18,404	18,404	
Total Revenues	$	378,767	$	378,767	$	397,467	$	18,700	
Expenditures:					
Series 2014 A-3					
Interest Expense - 11/1	$	131,788	$	131,788	129,513	$	2,275	
Special Call - 11/1	-	-	10,000	(10,000)	
Principal Expense - 5/1	110,000	110,000	120,000	(10,000)	
Interest Expense - 5/1	131,788	131,788	129,188	2,600	
Special Call - 5/1	-	-	-	-	
Total Expenditures	$	373,575	$	373,575	$	388,700	$	(15,125)	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,192	$	5,192	$	8,767	$	3,575	
Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	5,192	$	5,192	$	8,767	$	3,575	
					
Fund Balance - Beginning	$	232,262		$	622,708		
					
Fund Balance - Ending	$	237,454		$	631,475		
Debt Service Fund Series 2017
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Revenues:					
Special Assessments - Tax Roll	$	67,073	$	67,073	$	67,360	$	287	
Interest Income	-	-	3,013	3,013	
Total Revenues	$	67,073	$	67,073	$	70,373	$	3,300	
Expenditures:					
Series 2017					
Interest Expense - 11/1	$	21,131	$	21,131	21,131	$	-	
Principal Expense - 5/1	20,000	20,000	20,000	-	
Interest Expense - 5/1	21,131	21,131	21,131	-	
Total Expenditures	$	62,263	$	62,263	$	62,263	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,811	$	4,811	$	8,110	$	3,300	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	4,811	$	4,811	$	8,110	$	3,300	
					
Fund Balance - Beginning	$	47,517		$	89,295		
					
Fund Balance - Ending	$	52,328		$	97,405		
Water and Sewer Fund
Statement of Revenues, Expenditures, and Changes in Net Position For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Operating Revenues:					
Reclaimed Water Revenue	$	800,000	$	533,333	$	529,046	$	(4,287)	
Debt Capacity Charge	1,976,556	1,317,704	1,310,884	(6,820)	
Interest/Misc. Income	200,000	150,000	153,910	3,910	
Total Operating Revenues	$	2,976,556	$	2,001,037	$	1,993,841	$	(7,197)	
Administrative:					
Engineering Fees	$	2,000	$	1,500	$	-	$	1,500	
Arbitrage	550	413	550	(138)	
Dissemination Agent	1,000	750	750	0	
District Attorney	29,352	22,014	20,614	1,400	
Annual Audit	4,500	3,375	-	3,375	
Trustee Fees	10,500	7,875	5,647	2,228	
District Manager/Administrator	101,295	75,971	67,187	8,784	
Computer Time	1,000	750	750	0	
Postage	1,000	750	56	694	
Insurance	74,128	74,128	63,167	10,961	
Other Current Charges	15,000	11,250	378	10,872	
Total Administrative:	$	240,325	$	198,776	$	159,100	$	39,676	

Water/Wastewater Operations					
Service Charges	$	-	$	-	-	$	-	
Meter Expenses	1,000	750	-	750	
Reclaimed Water	-	-	110,421	(110,421)	
Repairs & Maintenance	35,000	26,250	3,877	22,373	
Electric	40,000	30,000	27,119	2,881	
Capital Outlay	150,000	112,500	9,017	103,483	
Contingency	25,000	18,750	48,796	(30,046)	
Total Water/Wastewater Operations	$	251,000	$	188,250	$	199,230	$	(10,980)	
					
Total Operating Expenses	$	491,325	$	387,026	$	358,330	$	28,696	
					
Net Income before Debt Service	$	2,485,231	$	1,614,012	$	1,635,511	$	21,500	
Debt Service/Other Sources (Uses):					
Principal Expense	$	(1,060,000)	(795,000)	(795,000)	$	-	
Interest Expense	(683,476)	(512,607)	(483,563)	29,044	
Total Debt Service/Other Sources (Uses):	$	(1,743,476)	$	(1,307,607)	$	(1,278,563)	$	29,044	
					
Change in Net Position	$	741,755	$	306,405	$	356,949	$	50,544	
					
Total Net Position - Beginning	$	-		$	(1,996,543)		
					
Total Net Position - Ending	$	741,755		$	(1,639,595)		
Community Development District Golf Course Fund
Statement of Revenues, Expenditures, and Changes in Net Position For The Period Ending June 30, 2026

Adopted	Prorated Budget	Actual		Current	
Budget	Thru 06/30/26	Thru 06/30/26	Variance	Month	

Operating Revenues:						
User Fees - Dues	$	516,085	$	385,495	$	354,122	$	(31,373)	$	41,551	
Greens/Cart Fees	1,713,279	1,525,574	1,351,253	(174,321)	136,218	
Merchandise/Food/Beverage	1,923,477	1,483,304	1,483,304	-	159,170	
Rental Revenue	93,500	68,000	66,135	(1,865)	7,460	
Tournament Revenue	244,940	-	-	-	-	
Discount Programs	-	-	(30,274)	(30,274)	(4,499)	
Membership Income - Other Fees	5,324	3,993	3,256	(737)	121	
Miscellaneous Income	76,437	71,894	89,693	17,799	7,725	
Initiation Fees	15,750	15,750	27,225	11,475	3,000	
Interest Income/Commissions	-	-	2,879	2,879	305	
Sales Tax/Gratuities/Lesson Income	683,189	512,392	270	(512,122)	30	
Total Operating Revenues	$	5,271,981	$	4,066,402	$	3,347,863	$	(718,539)	$	351,081	

Cost of Goods Sold:						
Cost of Goods Sold	$	801,999	$	622,375	$	586,079	(36,296)	$	69,084	
Gross Profit	$	4,469,982	$	3,444,027	$	2,761,784	$	(682,243)	$	281,997	

Operating Expenses:						
Salaries	$	1,762,634	$	1,319,139	$	1,270,315	$	48,824	$	137,325	
Commissions & Bonuses	65,597	52,222	45,002	7,220	7,293	
Employee Expenses	322,993	244,981	251,145	(6,164)	27,542	
Employee Uniforms	4,946	3,941	986	2,955	153	
Travel & Per Diem	-	-	169	(169)	-	
Training	9,899	6,838	2,789	4,049	678	
Janitorial Expense	25,200	18,900	18,540	360	2,060	
Janitorial Supplies	12,541	10,591	7,829	2,762	790	
Tournaments & Events	62,888	49,588	41,864	7,724	4,712	
Marketing & Advertising	26,888	20,507	14,712	5,795	1,100	
Centralized Services	78,600	40,950	42,516	(1,566)	5,779	
Course & Grounds Maintenance	29,646	23,346	25,988	(2,642)	265	
Repairs - Equipment	20,406	15,706	36,979	(21,273)	3,032	
Repairs - Buildings	13,236	10,086	6,960	3,126	649	
Operating Supplies	118,605	89,459	111,041	(21,582)	15,023	
Office Supplies	4,421	2,996	1,221	1,775	268	
Postage	600	450	469	(19)	-	
Printing & Reproduction	900	700	4,058	(3,358)	67	
Utility Services	113,493	86,703	83,571	3,132	63	
Gas/Oil/Propane	34,111	23,113	31,446	(8,333)	13,062	
Refuse & Potables	28,618	21,939	24,488	(2,549)	6,108	
Telephone/T1 Line	11,360	8,381	7,138	1,243	783	
Security/Pest Control	36,018	31,616	29,452	2,164	3,021	
Music & Cable Service	14,400	11,400	15,247	(3,847)	1,317	
Dues and Subscriptions	28,872	25,199	26,103	(904)	2,003	
Chemicals	65,849	46,649	82,064	(35,415)	21,040	
Fertilizer - Course	84,013	55,013	56,704	(1,691)	12,781	
Sand, Seed & Dressing	20,611	14,561	10,427	4,134	919	
Small Tools	-	-	178	(178)	-	
Licenses/Permits	5,880	4,410	550	3,860	50	
Cash Short/Over	-	-	507	(507)	(107)	
Bad Debt	337	337	-	337	-	
Other Services	13,871	1,169	692	477	71	
Trustee Fees/Bank Charges	96,303	74,884	114,524	(39,640)	14,244	
Aerification	34,000	17,000	600	16,400	-	
Management Fees - Hampton	88,200	66,150	63,000	3,150	7,000	
Community Development District Golf Course Fund
Statement of Revenues, Expenditures, and Changes in Net Position For The Period Ending June 30, 2026

Adopted	Prorated Budget	Actual		Current	
Budget	Thru 06/30/26	Thru 06/30/26	Variance	Month	

Operating Expenses: (Continued)						
Rentals & Leases	$	282,820	$	205,456	$	231,225	$	(25,769)	27,539	
Lake Maintenance	30,000	22,500	22,500	-	2,500	
Insurance	150,000	112,500	103,220	9,280	11,585	
Other Current Charges/RE Taxes	34,192	25,792	25,305	487	2,799	
District Manager/Administrator	68,040	39,780	39,682	98	4,409	
District Attorney	6,672	5,004	5,103	(99)	573	
Accounting & Audit	6,804	5,103	2,108	2,995	192	
Sales Tax/Gratuities/Lesson Income	683,189	512,392	-	512,392	-	
Total Operating Expenses:	$	4,497,653	$	3,327,451	$	2,858,417	$	469,034	$	338,688	
						
Net Income before Non-Operating Income (Expense)	$	(27,671)	$	116,576	$	(96,633)	$	(213,209)	$	(56,691)	
						
Change in Net Position	$	(27,671)	$	116,576	$	(96,633)	$	(213,209)	$	(56,691)	
						
Total Net Position - Beginning	$	-		$	(2,421,439)			
						
Total Net Position - Ending	$	(27,671)		$	(2,518,072)			
Community Development District Swim & Tennis Fund
Statement of Revenues, Expenditures, and Changes in Net Position For The Period Ending June 30, 2026

Adopted	Prorated Budget	Actual		Current	
Budget	Thru 06/30/26	Thru 06/30/26	Variance	Month	

Operating Revenues:						
User Fees	$	165,000	$	122,897	$	133,784	$	10,887	$	13,621	
Lesson Income Tennis	270,000	206,129	237,172	31,043	31,628	
Merchandise/Food/Beverage Sale	155,000	89,008	109,938	20,930	42,277	
Total Operating Revenues	$	590,000	$	418,034	$	480,894	$	62,860	$	87,526	

Cost of Goods Sold:						
Cost of Goods Sold	$	120,000	$	76,788	$	80,829	$	(4,041)	$	24,770	
Gross Profit	$	470,000	$	341,246	$	400,065	$	58,819	$	62,756	

Operating Expenses:						
Salaries	$	995,000	$	659,681	$	678,584	$	(18,903)	$	153,527	
Employee Expenses	270,000	188,652	192,306	(3,654)	34,342	
Employee Education and Training	8,000	6,880	662	6,218	-	
Promotional Activities	100,000	70,650	52,274	18,376	3,061	
Activities & Events - Tennis	5,000	3,500	1,170	2,330	(648)	
Communications and Freight	32,000	23,999	21,338	2,661	2,604	
Customer Service & Advertising	6,000	3,491	2,683	808	522	
Other Contractual	40,000	28,024	34,429	(6,405)	7,800	
Repairs & Maintenance	90,000	42,372	54,459	(12,087)	24,479	
Operating Supplies	35,000	28,145	21,600	6,545	2,319	
Office Supplies	15,000	10,619	4,037	6,582	321	
Utility Services	165,858	114,915	100,283	14,632	13,369	
Gas/Oil/Propane	38,000	38,000	39,533	(1,533)	-	
Chemicals	85,000	56,629	48,476	8,153	9,792	
Licenses/Permits	4,000	4,000	2,445	1,555	-	
Bad Debt Expense	-	-	(247)	247	-	
Cash Short/Over	-	-	146	(146)	(139)	
Trustee Fees	34,000	19,917	21,663	(1,746)	3,294	
District Manager/Administrator	50,000	41,595	35,014	6,581	3,890	
Insurance	45,419	34,064	31,584	2,480	3,509	
Taxes	130	130	203	(73)	23	
Audit	4,500	-	-	-	-	
Total Operating Expenses:	$	2,022,907	$	1,375,263	$	1,342,642	$	32,621	$	262,065	
						
Net Income before Non-Operating Income (Expense)	$	(1,552,907)	$	(1,034,017)	$	(942,577)	$	91,440	$	(199,309)	

Non-Operating Income/(Expenses):						
Other Income	$	-	$	-	$	(618)	$	(618)	$	(832)	
Interfund Transfer In	1,747,907	1,310,930	1,310,930	0	145,659	
CDD Lesson Income	30,000	23,428	30,836	7,408	4,441	
Lessons Paid Out	(225,000)	(170,799)	(238,975)	(68,176)	(32,013)	
Total Non-Operating Income/(Expenses):	$	1,552,907	$	1,163,559	$	1,102,174	$	(61,385)	$	117,255	
						
Change in Net Position	$	-	$	129,542	$	159,597	$	30,055	$	(82,054)	
						
Total Net Position - Beginning	$	-		$	836,262			
						
Total Net Position - Ending	$	-		$	995,859			
General Fund
Month to Month

Revenues:

Special Assessments - Tax Roll	$	3,487,971	$	-	$  1,161,485	$	2,032,075	$	68,824	$	44,886	$	42,891	$	106,821	$	12,255	$	32,007	$	-	$	-	$	-	$	3,501,245	
Boat/RV Storage Fees	115,000	-	9,790	-	9,970	9,715	-	39,145	9,790	9,790	-	-	-	88,200	
Interest Income	180,000	10,649	8,742	15,593	18,497	16,154	16,713	15,958	15,657	14,413	-	-	-	132,376	
Misc/Newsletter/Rental Income	21,000	-	-	2,760	-	485	-	1,055	-	1,335	-	-	-	5,634	

016  $	2,050,428	$	97,291	$	71,240	$	59,605	$	162,978	$	37,702	$	57,545	$	-	$	-	$	-	$	3,727,455					

-	$	800	

$	-	

$	2,118	

$	1,000	

$	1,000	

$	1,000	

$	800	

$	-	$	-	$	-	$	7,518					
PR-FICA/Workers Comp/PR Fees	17,000	2,293	1,735	4,057	2,209	865	1,979	2,913	1,826	1,827	-	-	-	19,705	
Engineering	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	
District Attorney	33,400	2,863	2,863	2,863	2,863	2,863	2,863	2,863	2,863	2,863	-	-	-	25,767	
Litigation Counsel	50,000	5,343	16,932	6,102	31,953	24,420	2,998	11,676	-	4,018	-	-	-	103,442	
Annual Audit	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	18,375	18,375	-	-	-	-	-	-	-	-	-	-	-	18,375	
Arbitrage Rebate	1,100	-	-	1,100	-	-	-	-	-	-	-	-	-	1,100	
Dissemination Agent	2,100	175	175	175	175	175	175	175	175	175	-	-	-	1,575	
Trustee Fees	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	
District Manager/Administrator	105,450	12,230	8,532	8,532	8,532	8,532	8,532	15,337	3,438	13,625	-	-	-	87,290	
General Administrative	15,000	86	1,986	4,887	122	151	83	83	2,551	365	-	-	-	10,315	
Insurance General Liability	74,128	63,167	-	-	-	-	-	-	-	-	-	-	-	63,167	
Other Current Charges	5,000	-	320	-	-	-	174	118	441	87	-	-	-	1,141	
Dues, Licenses & Website	25,000	-	-	2,039	-	6,561	-	-	-	-	-	-	-	8,600	
Total General & Administrative	$	393,054	$	105,333	$	32,543	$	30,556	$	45,854	$	45,684	$	17,805	$	34,165	$	12,295	$	23,761	$	-  $	-  $	-  $	347,995	
General Fund
Month to Month

Operations & Maintenance

Maintenance
Landscape Maintenance	
$	863,114	
$	71,926  $	
71,926  $	
71,926  $	
71,926  $	
71,926  $	
71,926  $	
71,926  $	
71,926  $	
71,926  $	
-	
$	-	
$	-	
$	647,337		
Landscape Maintenance - Contingency	110,000	27,018	7,800	10,168	5,125	-	9,450	20,111	3,425	2,300	-	-	-	85,397					
Lake Maintenance	90,000	6,380	6,380	6,380	3,375	6,380	6,380	6,380	6,380	6,380	-	-	-	54,415					
Cost Sharing Agreement - Stone Creek	14,000	-	-	-	-	-	-	-	-	-	-	-	-	-					
Facility/Preventative Maintenance	250,000	26,305	17,617	8,998	13,945	8,283	15,502	13,115	22,271	18,210	-	-	-	144,247					
Utilities	160,000	6,157	11,079	11,634	10,832	10,357	10,369	10,427	10,626	11,139	-	-	-	92,622					
Security	45,000	2,610	3,013	3,671	965	4,198	1,866	4,081	2,314	3,032	-	-	-	25,748					
Operating Reserves	5,895	-	-	-	-	-	-	-	-	-	-	-	-	-					
Subtotal Maintenance	$	1,538,010	$	140,397  $	117,816  $	112,777  $	106,169  $	101,145  $	115,493  $	126,041  $	116,942  $	112,987  $	-  $	-  $	-  $	1,049,766					
																
Total Operations & Maintenance	$	1,538,010	$	140,397  $	117,816  $	112,777  $	106,169  $	101,145  $	115,493  $	126,041  $	116,942  $	112,987  $	-  $	-  $	-  $	1,049,766					
																
Total Expenditures	$	1,931,064	$	245,730  $	150,358  $	143,333  $	152,023  $	146,829  $	133,298  $	160,206  $	129,237  $	136,747  $	-  $	-  $	-  $	1,397,761					
																
Excess (Deficiency) of Revenues over Expenditures	$	1,872,907	$  (235,082) $	1,029,658  $	1,907,096  $	(54,732) $	(75,589) $	(73,693) $	2,772  $	(91,535) $	(79,202) $	-  $	-  $	-  $	2,329,695					

Other Financing Sources/Uses:																

Interfund Transfer In/(Out) - SBA Reserve	
$	(125,000)	
$	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-  $	
-	
Interfund Transfer Out - Swim & Tennis	(1,747,907)		(145,659)	(145,659)	(145,659)	(145,659)	(145,659)	(145,659)	(145,659)	(145,659)	(145,659)	-	-	-	(1,310,931)	
Interfund Transfer Out - Capital Reserve	-		-	-	-	-	-	-	-	-	-	-	-	-	-	
Total Other Financing Sources/Uses	$	(1,872,907) $	(145,659) $	(145,659) $	(145,659) $	(145,659) $	(145,659) $	(145,659) $	(145,659) $	(145,659) $	(145,659) $	-  $	-  $	-  $	(1,310,931)					
																
Net Change in Fund Balance	$	0  $	(380,740) $	883,999  $	1,761,437 $	(200,391) $	(221,248) $	(219,352) $	(142,886) $	(237,194) $	(224,861) $	-  $	-  $	-  $	1,018,764					
Water and Sewer Fund
Month to Month

Operating Revenues:

Reclaimed Water Revenue	$	800,000	$	72,048	$	62,037	$	69,778	$	62,111	$	54,559	$	58,392	$	73,391	$	76,731	$	-	$	-	$	-	$	-	$	529,046	
Debt Capacity Charge	1,976,556	163,540	163,919	163,726	164,044	163,609	164,167	163,943	163,936	-	-	-	-	1,310,884	
Interest/Misc. Income	200,000	20,525	15,602	15,943	16,140	16,387	16,941	17,532	17,134	17,707	-	-	-	153,910	
Total Operating Revenues	$	2,976,556	$	256,113	$	241,558	$	249,447	$	242,295	$	234,555	$	239,500	$	254,866	$	257,801	$	17,707	$	-	$	-	$	-	$	1,993,841	

Expenditures:												
Administrative:												
Engineering Fees	$	2,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Arbitrage	550	-	-	-	550	-	-	-	-	-	-	-	-	550	
Dissemination Agent	1,000	83	83	83	83	83	83	83	83	83	-	-	-	750	
District Attorney	29,352	2,290	2,290	2,290	2,290	2,290	2,290	2,290	2,290	2,290	-	-	-	20,614	
Annual Audit	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-	
Trustee Fees	10,500	-	-	-	5,647	-	-	-	-	-	-	-	-	5,647	
District Manager/Administrator	101,295	7,465	7,465	4,075	10,856	7,465	7,465	7,465	3,390	11,540	-	-	-	67,187	
Computer Time	1,000	83	83	83	83	83	83	83	83	83	-	-	-	750	
Postage	1,000	53	-	0	-	-	-	3	-	-	-	-	-	56	
Insurance	74,128	63,167	-	-	-	-	-	-	-	-	-	-	-	63,167	
Other Current Charges	15,000	0	-	-	225	-	37	9	-	107	-	-	-	378	
Total Administrative:	$	240,325	$	73,143	$	9,922	$	6,532	$	19,734	$	9,922	$	9,959	$	9,934	$	5,847	$	14,105	$	-  $	-  $	-  $	159,100	
Water and Sewer Fund
Month to Month

Operations & Maintenance

Water/Wastewater Operations																	
Meter Expenses	$	1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Reclaimed Water	-	29,646	-	14,635	-	10,174	-	16,838	17,041	22,088	-		-		-	110,421	
Repairs & Maintenance	35,000	2,645	-	-	472	475	-	-	-	285	-		-		-	3,877	
Electric	40,000	3,152	3,076	2,826	2,427	2,104	1,710	3,475	4,122	4,226	-		-		-	27,119	
Capital Outlay	150,000	1,415	877	-	-	2,449	688	3,589	-	-	-		-		-	9,017	
Contingency	25,000	-	-	48,796	-	-	-	-	-	-	-		-		-	48,796	
Total Water/Wastewater Operations	$	251,000	$	36,858	$	3,953	$	66,257	$	2,899	$	15,202	$	2,398	$	23,902	$	21,163	$	26,598	$	-	$	-	$	-	$	199,230			

$	2,485,231  $
146,112  $
227,683  $
176,657  $
219,662  $
209,431  $
227,143  $
221,030  $

$	(1,060,000) $
(88,333) $
(88,333) $
(88,333) $
(88,333) $
(88,333) $
(88,333) $
(88,333) $

$	(1,743,476) $
(142,063) $
(142,063) $
(142,063) $
(142,063) $
(142,063) $
(142,063) $
(142,062) $

$	741,755  $

4,049  $

85,620  $

34,595  $

77,599  $

67,368  $

85,080  $

78,967  $
Golf Course Fund
Month to Month

Operating Revenues:

User Fees - Dues	$	516,085	$	40,907	$	39,421	$	39,559	$	38,364	$	39,320	$	38,450	$	38,208	$	38,342	$	41,551	$	-	$	-	$	-	$	354,122	
Greens/Cart Fees	1,713,279	133,595	155,476	129,540	118,113	145,790	206,547	148,679	177,294	136,219	-	-	-	1,351,253		
Merchandise/Food/Beverage	1,923,477	164,003	160,121	167,618	122,987	139,552	186,677	191,318	191,858	159,170	-	-	-	1,483,304		
Rental Revenue	93,500	6,164	7,070	9,321	3,210	5,317	7,309	5,688	14,596	7,460	-	-	-	66,135		
Tournament Revenue	244,940	-	-	-	-	-	-	-	-	-	-	-	-	-		
Discount Programs	-	(3,545)	(2,465)	(4,372)	(2,465)	(2,091)	(4,117)	(3,349)	(3,371)	(4,499)	-	-	-	(30,274)		
Membership Income - Other Fees	5,324	-	139	(60)	1,995	410	488	93	70	121	-	-	-	3,256		
Miscellaneous Income	76,437	8,365	8,673	11,317	8,225	9,004	11,328	13,484	11,572	7,725	-	-	-	89,693		
Initiation Fees	15,750	4,725	-	6,500	-	1,500	-	3,000	8,500	3,000	-	-	-	27,225		
Interest Income/Commissions	-	350	355	336	332	317	282	307	295	305	-	-	-	2,879		
Sales Tax/Gratuities/Lesson Income	683,189	30	30	30	30	30	30	30	30	30	-	-	-	270		
Total Operating Revenues	$	5,271,981	$	354,594	$	368,820	$	359,789	$	290,791	$	339,149	$	446,994	$	397,458	$	439,186	$	351,082	$	-	$	-	$	-	$	3,347,863				

Cost of Goods Sold:															
Cost of Goods Sold	$	801,999	$	66,481	$	60,153	$	69,083	$	46,312	$	52,578	$	71,207	$	84,169	$	67,012	$	69,084	$	-	$	-	-	586,079				
Gross Profit	$	4,469,982	$	288,113	$	308,667	$	290,706	$	244,479	$	286,571	$	375,787	$	313,289	$	372,174	$	281,998	$	-  $	-  $	-  $	2,761,784				

Operating Expenses:															
Salaries	$	1,762,634	$	144,021	$	132,037	$	145,749	$	139,633	$	128,181	$	149,072	$	152,048	$	142,249	$	137,325	$	-	$	-	$	-	$	1,270,315				
Commissions & Bonuses	65,597	3,794	3,497	4,080	2,762	3,552	6,400	8,667	4,957	7,293	-	-	-	45,002	
Employee Expenses	322,993	26,107	24,535	30,862	30,390	24,036	31,129	28,562	27,982	27,542	-	-	-	251,145	
Employee Uniforms	4,946	-	-	-	85	(3)	-	545	205	154	-	-	-	986	
Travel & Per Diem	-	-	-	-	169	-	-	-	-	-	-	-	-	169	
Training	9,899	512	242	-	796	316	122	61	62	678	-	-	-	2,789	
Janitorial Expense	25,200	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	-	-	-	18,540	
Janitorial Supplies	12,541	1,001	901	718	1,521	614	941	648	694	791	-	-	-	7,829	
Tournaments & Events	62,888	4,339	4,565	5,510	5,314	4,683	4,485	4,178	4,078	4,712	-	-	-	41,864	
Marketing & Advertising		1,628	1,707	2,893	1,758	656	4,645	(220)	545	1,100				14,712	
Centralized Services	78,600	4,550	4,550	4,550	4,550	4,550	4,550	4,550	4,888	5,778	-	-	-	42,516	
Course & Grounds Maintenance	29,646	4,000	2,890	2,351	1,558	6,779	229	3,800	4,116	265	-	-	-	25,988	
Repairs - Equipment	20,406	12,677	891	6,333	4,436	2,815	2,554	693	3,548	3,032	-	-	-	36,979	
Repairs - Buildings	13,236	327	-	1,523	(2,010)	1,352	25	2,111	2,982	650	-	-	-	6,960	
Operating Supplies	118,605	10,951	9,440	10,879	10,633	11,400	11,191	13,366	17,878	15,303	-	-	-	111,041	
Office Supplies	4,421	152	79	18	207	197	11	182	107	268	-	-	-	1,221	
Postage	600	-	-	31	-	-	-	-	371	67	-	-	-	469	
Printing & Reproduction	900	202	408	12	366	738	-	2,269	-	63	-	-	-	4,058	
Utility Services	113,493	8,440	8,423	10,241	8,176	8,771	8,265	9,994	8,199	13,062	-	-	-	83,571	
Gas/Oil/Propane	34,111	4,909	1,472	975	2,413	2,769	3,990	3,769	5,042	6,107	-	-	-	31,446	
Refuse & Potables	28,618	2,610	2,230	2,656	2,623	2,271	2,610	2,765	3,324	3,399	-	-	-	24,488	
Telephone/T1 Line	11,360	745	791	742	724	740	1,020	1,078	515	783	-	-	-	7,138	
Security/Pest Control	36,018	3,277	2,373	3,083	4,237	2,624	2,832	3,577	4,428	3,021	-	-	-	29,452	
Music & Cable Service	14,400	2,123	3,470	1,752	2,296	984	1,413	661	1,231	1,317	-	-	-	15,247	
Dues and Subscriptions	28,872	2,699	2,054	7,793	1,894	1,566	3,310	2,255	2,529	2,003	-	-	-	26,103	
Chemicals	65,849	7,976	6,217	6,893	2,511	4,688	13,961	3,535	15,243	21,040	-	-	-	82,064	
Fertilizer - Course	84,013	4,014	3,176	2,636	1,242	(127)	12,265	11,797	8,920	12,781	-	-	-	56,704	
Golf Course Fund
Month to Month

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

Operating Expenses: (continued)																					
Sand, Seed & Dressing	20,611	928	1,344	-	-	-	1,016	5,332	888	919	-	-	-	10,427							
Small Tools	-	178	-	-	-	-	-	-	-	-	-	-	-	178							
Licenses/Permits	5,880	-	-	-	-	-	-	500	-	50	-	-	-	550							
Cash Short/Over	-	(78)	34	372	(177)	148	(61)	237	138	(106)	-	-	-	507							
Bad Debt	337	-	-	-	-	-	-	-	-	-	-	-	-	-							
Other Services	13,871	159	70	69	70	259	71	(118)	321	(209)	-	-	-	692							
Trustee Fees/Bank Charges	96,303	13,000	12,629	13,477	15,130	10,797	10,461	12,698	12,088	14,244	-	-	-	114,524							
Aerification	34,000	-	-	-	600	-	-	-	-	-	-	-	-	600							
Management Fees - Hampton	88,200	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	-	-	-	63,000							
Rentals & Leases	282,820	28,531	25,549	14,272	27,518	26,867	26,773	27,411	26,764	27,540	-	-	-	231,225							
Lake Maintenance	30,000	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	-	-	-	22,500							
Insurance	150,000	10,643	10,642	11,385	12,105	12,105	11,585	11,585	11,585	11,585	-	-	-	103,220							
Other Current Charges/RE Taxes	34,192	2,702	2,874	2,925	2,806	2,799	2,799	2,801	2,800	2,799	-	-	-	25,305							
District Manager/Administrator	68,040	4,950	3,868	4,409	4,410	4,409	4,409	4,409	4,409	4,409	-	-	-	39,682							
District Attorney	6,672	556	556	556	572	573	573	572	573	572	-	-	-	5,103							
Accounting & Audit	6,804	192	191	-	-	575	575	192	192	191	-	-	-	2,108							
Equipment	-	-	-	-	-	-	-	-	-	-	-	-	-	-							
Sales Tax/Gratuities/Lesson Income	683,189	-	-	-	-	-	-	-	-	-	-	-	-	-							
Total Operating Expenses:	$	4,470,765	$	324,375	$	285,265  $	311,305	$	302,878	$	284,244  $	334,781  $	338,070	$	335,411  $	342,088	$	-  $	-  $	-  $	2,858,417	
																					
Net Income before Non-Operating Income (Ex $	(783)	$	(36,262)	$	23,402  $	(20,599)	$	(58,399)	$	2,327  $	41,006  $	(24,781)	$	36,763  $	(60,090)	$	-  $	-  $	-  $	(96,633)		
																					
Net Change in Fund Balance	$	(783) $	(36,262) $	23,402  $	(20,599) $	(58,399) $	2,327  $	41,006  $	(24,781) $	36,763  $	(60,090) $	-  $	-  $	-  $	(96,633)							
The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Clay County Fiscal Year 2026

Gross Assessments	$	3,710,607.49	$	659,771.95	$	4,370,379.44	
Net Assessments	$	3,487,971.04	$	620,185.63	$	4,108,156.67	

allocation in %	
84.90%	
15.10%	
100.00%	

-
-

Date	
Gross Amount	
Discount	
Commission	
Net Receipts	
2014A1/A2
Debt Service	
2014A3
Debt Service	
2017
Debt Service	
Total	

11/06/25	
$	21,903.79	
1,139.00	
415.30	
$	20,349.49	
$	17,177.84	
$	2,693.08	
$	478.56	
$	20,349.49	
11/12/25	135,592.06	5,423.55	2,603.38	$	127,565.13	107,682.99	16,882.17	2,999.97	127,565.13	
11/24/25	465,021.65	18,600.60	8,928.41	$	437,492.64	369,305.59	57,898.47	10,288.58	437,492.64	
12/08/25	1,895,722.83	75,827.68	36,397.90	$	1,783,497.25	1,505,523.63	236,030.86	41,942.76	1,783,497.25	
12/22/25	225,362.68	8,566.93	4,335.92	$	212,459.83	179,346.11	28,117.27	4,996.45	212,459.83	
01/12/26	71,797.31	2,167.41	1,392.60	$	68,237.30	57,601.92	9,030.63	1,604.75	68,237.30	
02/10/26	23,532.01	474.04	461.15	$	22,596.82	19,074.91	2,990.50	531.41	22,596.82	
03/06/26	57,179.11	576.04	1,132.06	$	55,471.01	46,825.37	7,341.12	1,304.52	55,471.01	
04/13/26	91,848.79	18.11	1,836.62	$	89,994.06	75,967.70	11,909.96	2,116.40	89,994.06	
05/11/26	6,241.95		124.84	$	6,117.11	5,163.70	809.55	143.86	6,117.11	
06/08/26	7,217.18		144.34	$	7,072.84	5,970.48	936.03	166.33	7,072.84	
06/16/26	34,110.55		682.21	$	33,428.34	28,218.24	4,423.96	786.14	33,428.34	
	$	3,035,529.91	$	112,793.36	$	58,454.73	$	2,864,281.82	$	2,417,858.48	$	379,063.60	$	67,359.73	$	2,864,281.82	

C.
The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2026
Check Register

Date	Fund	Check #'s	Amount	

6/1-6/30	
General	
6247-6263	
$132,878.25	
	General	ACH	$3,031.60	
	Capital Outlay	553-555	$62,547.26	
	Water/Sewer	9008-9014	$456,455.18	
	Water/Sewer	ACH	$22,087.50	
	Golf		$275,635.92	
	Swim & Tennis - Operating		$121,989.21	
		TOTAL	$1,074,624.92	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	1
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CROSSINGS - GENERAL FUND
BANK A CROSSINGS - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/05/26 00010	5/31/26 12437	202605 310-51300-31500	*	2,863.00
MAY 26 - GENERAL COUNSEL
5/31/26 12437	202605 300-13100-10300	*	572.60
MAY 26 - GENERAL COUNSEL
BRADLEY, GARRISON & KOMANDO, P.A	3,435.60 006247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00294	6/01/26 172	202606 320-53800-34000	*	575.00
TENNIS LEAK DETECTION
DK CONSULTING GROUP OF FLORIDA LLC	575.00 006248
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00141	4/16/26 04126	202604 320-53800-34000	*	3,103.00
WATERFRONT REPAIRS
ISLAND PAINT & MORE, LLC	3,103.00 006249
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5131	202605 320-53800-34000	*	365.00
SIDEWALK PHOTOCELL
5132	202605 320-53800-34000	*	795.00
HOLE 15 POWER
5133	202605 320-53800-34000	*	370.00
BOAT STORAGE
5134	202605 320-53800-34000	*	1,290.00
BOAT STORAGE
5136	202605 320-53800-34000	*	890.00
SIDEWALK LIGHTS
5137	202605 320-53800-34000	*	1,675.00
TALONS ENTRY LIGHTS
5138	202605 320-53800-34000	*	382.00
PHOTOCELL SIDEWALK LIGHTS
KAD ELECTRIC COMPANY	5,767.00 006250
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00184	6/01/26 377118B	202606 320-53800-46800	*	6,380.00 JUN 26 WATER MGMT SVCS LM
6/01/26 377118B	202606 300-13100-10300	*	2,500.00 JUN 26 WATER MGMT SVCS GF
THE LAKE DOCTORS, INC.	8,880.00 006251
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 01187	5/26/26 108476	202605 320-53800-34000	*	2,388.40
REPLACEMENT SLINGS
LEISURE CREATIONS	2,388.40 006252
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00218	5/28/26 2265	202605 310-51300-49500	*	1,557.50
WEBSITE REDESIGN
LIVE TOUR NETWORK, INC	1,557.50 006253
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00087	5/13/26 1024	202605 320-53800-34000	*	400.00
ROLANDS WAY COLUMN REPAIR
M&E MASONRY & SONS, INC.	400.00 006254
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CROS --CROSSINGS--	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	2
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CROSSINGS - GENERAL FUND
BANK A CROSSINGS - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/05/26 00149	5/08/26 512495	202605 320-53800-34000	*	3,335.00
SWIM PARK HANDRAIL
MILD TO WILD CUSTOM FABRICATION	3,335.00 006255
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00116	5/15/26 82	202605 320-53800-46300	*	3,425.00
VARIOUS TREE REMOVALS

LITIGATION

PEGASUS ENGINEERING, LLC	5,098.10 006257
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00287	5/01/26 101932	202604 310-51300-31501	*	6,841.70
ISLEY LITIGATION - APR
ROPER, TOWNSEND & SUTPHEN, P.A.	6,841.70 006258
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00282	5/31/26 837941	202605 320-53800-46200	*	71,926.32
MAY 26 - LANDSCAPE MAINT
RUPPERT LANDSCAPE, LLC.	71,926.32 006259
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/17/26 00002	6/09/26 MAY 26	202605 320-53800-43100	*	5,243.10 MAY 26 - WATER

- GENERAL ADMIN

GMS, LLC	5,351.87 006261
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/26 00059	5/19/26 9-302-56 202605 310-51300-42000	*	36.82
DELIVERIES THRU 5/12
5/26/26 9-720-27 202605 310-51300-42000	*	4.39
DELIVERIES THRU 5/26
6/09/26 9-331-77 202606 310-51300-42000	*	83.55
DELIVERIES THRU 6/04
6/23/26 9-722-27 202606 310-51300-42000	*	3.65
DELIVERIES THRU 6/23
FEDEX	128.41 006262
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/26 00001	5/01/26 708	202605 310-51300-34000	*	5,093.54
MAY 26 - MGMT FEES
CROS --CROSSINGS--	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	3
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CROSSINGS - GENERAL FUND
BANK A CROSSINGS - GENERAL
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	5/01/26 708	202605 310-51300-49100											*					153.71										
	MAY
5/01/26 708	26 - GENERAL ADMIN
202605 310-51300-31300											*					175.00										
	MAY	26 - DISSEMINATION																										
									GMS,	LLC																5,422.25	006263	
-	-	-	-	-	-	-	-	- - - - - - -	- - - - - - - - - - - - - -	- -	-	-	-	-	-	- - -
TOTAL	- -
FOR	- - - -
BANK A	-	- -	-	-	-	-	- - - - - -
132,878.25	- - - - -	- - -	

CROS --CROSSINGS--	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	4
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CROSSINGS - GENERAL FUND
BANK Z CROSSINGS - AUTOPAY

INV I052326-838

CROS --CROSSINGS--	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	1
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CAPITAL RESERVE FUND
BANK C CAPITAL OUTLAY

NUMEROUS SIDEWALK REPAIRS

SLIDE REPAIR
7,500.00

SWIM PARK
34,621.00

CROS --CROSSINGS--	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	1
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CROSSINGS - WATER/SEWER
BANK B CROSSINGS - W/S
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/05/26 02317	6/04/26 36010	202606 320-53600-46000	*	284.82
1627 RUSTLING DRIVE
BOB'S BACKFLOW & PLUMBING SERVICES	284.82 009008
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00010	5/31/26 12437	202605 310-53600-31500	*	2,290.40
MAY 26 - GENERAL COUNSEL
BRADLEY, GARRISON & KOMANDO, P.A.	2,290.40 009009
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00115	6/01/26 06012026 202606 300-15100-01600	*	56,956.25
JUN 26 - INTEREST
THE CROSSINGS AT FLEMING ISLAND CDD	56,956.25 009010
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/26 00300	6/01/26 06012026 202606 300-15100-01500	*	88,333.33
JUN 26 - PRINCIPAL

GMS, LLC	4,348.89 009012
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/17/26 00200	6/17/26 121701	202606 300-15100-10000	*	300,000.00
TRANS TO SBA 121701

TOTAL FOR BANK B	456,455.18

CROS --CROSSINGS--	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/14/26	PAGE	2
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CROSSINGS - WATER/SEWER
BANK Z CROSSINGS - AUTOPAY

CHECK	VEND# DATE	.....INVOICE..... DATE	INVOICE	...EXPENSED TO...		VENDOR NAME	STATUS YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	....CHECK.....
AMOUNT	#	
6/04/26 00002	5/12/26 A0005812	202604 320-53600-43100	*	22,087.50	

- - - - - - - -	EH GOLF
- - - - - - - - -	COURSE RECLAM IRR
CLAY COUNTY UTILITY AUTHORITY
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	22,087.50 080002
- - - - - - - - - - - - - -	
		TOTAL FOR BANK Z	22,087.50	
		TOTAL FOR REGISTER	478,542.68	

CROS --CROSSINGS--	PPOWERS
101000 Cash - Checking Accounts:Operating - Checking Account
Date: June 2026

Date	Ref No.	Payee	Payment	
06/30/2026	OFL-30520038	Sharp Energy	1,862.86	
06/30/2026	OFL-30517861	Sharp Energy	1,263.66	
06/30/2026	OFL-30379372	Clay Electric Cooperative 7658719	53.21	
06/30/2026	OFL-30378748	Clay Electric Cooperative 7658982	45.23	
06/29/2026	online	Sysco	6,671.67	
06/27/2026	Fintech	Breakthru Beverage	457.96	
06/25/2026	VC-30350378	Alsco	980.39	
06/25/2026	VC-30350377	Ghost Golf Club	365.00	
06/25/2026	VC-30350376	Global Turf Equipment Sales & Rentals	3,536.60	
06/25/2026	OFL-30286310	Acushnet	773.09	
06/25/2026	OFL-30286309	Callaway Golf Company	505.62	
06/25/2026	ACH-30350370	Pepsi	426.60	
06/25/2026	ACH-30350375	Gate Fuel Services, Inc	1,810.47	
06/25/2026	ACH-30350368	Mr. Greens Produce	2,556.08	
06/25/2026	ACH-30349290	HelenRunjo	3,039.37	
06/25/2026	Fintech	North Florida Sales	1,542.80	
06/25/2026	120425	Taylor Made Golf Company, Inc.	388.35	
06/25/2026	120424	Site One Landscape Supply	35.27	
06/25/2026	120423	Ruppert Landscape LLC	100.00	
06/25/2026	120422	NexAir, LLC	159.75	
06/25/2026	120421	Applied Maintenance Supplies and Solution	370.66	
06/25/2026	120420	The Crossings at Fleming Island CDD	18,908.48	
06/24/2026	VC-30334423	Club Car	1,080.00	
06/24/2026	Fintech	Champion Brands Inc.	737.00	
06/22/2026	Fintech	Southern Glazer's Of FL	1,354.46	
06/22/2026	online	Sysco	8,015.01	
06/20/2026	OFL-30286308	First- Citizens Bank & Trust CO	980.25	
06/20/2026	Fintech	Breakthru Beverage	475.15	
06/19/2026	VC-30261237	ECOLAB	323.78	
06/19/2026	VC-30261234	Massey Services, Inc.	355.00	
06/19/2026	VC-30261231	Alsco	539.80	
06/19/2026	VC-30261228	Wind River Environmental LLC	1,105.65	
06/19/2026	VC-30261222	Pukka, Inc.	1,932.96	
06/19/2026	VC-30261221	JRM, Inc	623.09	
06/19/2026	VC-30261217	The Ice Doctor, LLC	140.00	
06/19/2026	VC-30119756	Callaway Golf Company	520.75	
06/19/2026	ACH-30261225	Pepsi	795.40	
06/19/2026	ACH-30261226	Mr. Greens Produce	1,181.42	
06/19/2026	Fintech	Gold Coast Beverage, LLC	302.40	
06/19/2026	Online	Acushnet	6,255.33	
06/19/2026	120419	The Crossings at Fleming Island CDD	11,273.25	
06/19/2026	120418	Vulcan Materials - Fla Rock Div	887.98	
06/19/2026	120417	Taylor Made Golf Company, Inc.	1,035.60	
06/19/2026	120416	Take A Free Ride, Inc	250.00	
06/19/2026	120415	Sterling Cut Glass	62.07	
06/19/2026	120414	Site One Landscape Supply	2,023.66	
06/19/2026	120413	Priswing Software	395.00	
06/19/2026	120412	Governmental Management Services, LLC	1,018.71	
06/19/2026	120411	Golf Agronomics Supply and Handling	1,317.13	
06/19/2026	120410	Bennett's Garage	718.78	
06/18/2026	Fintech	North Florida Sales	1,037.80	
06/17/2026	Fintech	Southern Glazer's Of FL	1,777.38	
06/17/2026	Fintech	Champion Brands Inc.	1,037.65	
06/17/2026	061630	Florida Department of Revenue	31,321.59	
06/15/2026	VC-30119755	DirectTV	371.83	
06/15/2026	Fintech	Southern Glazer's Of FL	1,240.42	
06/15/2026	online	Sysco	7,209.08	
06/12/2026	VC-30106475	Alsco	462.49	
06/12/2026	VC-30106473	LWT Specialty Tire LLC	680.00	
06/12/2026	VC-30106471	Republic Services	2,658.35	
06/12/2026	VC-30106469	Trigon Turf Sciences, LLC	3,615.00	
06/12/2026	VC-30106464	SCNS Sports Foods, Inc	176.04	
06/12/2026	VC-30106462	Dagmar Marketing	400.00	
06/12/2026	VC-30106460	The Ice Doctor, LLC	140.00	
06/12/2026	VC-30106459	Bushnell Outdoor Products	283.15	
06/12/2026	VC-30105945	Bulloch Fertilizer Co., Inc.	1,268.22	
06/12/2026	OFL-29767069	Clay Electric Cooperative 7658859	68.02	
06/12/2026	ACH-30106472	Gate Fuel Services, Inc	3,051.85	
06/12/2026	ACH-30106463	Pepsi	1,515.55	
06/12/2026	ACH-30106467	Mr. Greens Produce	2,084.46	
06/12/2026	Fintech	Breakthru Beverage	723.50	
06/12/2026	120409	Security Engineering and Designs, Inc.	59.95	
06/12/2026	120408	Saxon Business Systems	214.38	
06/12/2026	120407	Primo Brands	346.78	
06/12/2026	120406	Lone Star Heating & Air	292.31	
06/12/2026	ACH	Acushnet	2,351.74	
06/12/2026	ACH	Callaway Golf Company	8,088.73	
06/11/2026	Fintech	North Florida Sales	1,268.79	
06/10/2026	OFL-29767066	Clay Electric Cooperative 7659113	42.64	
06/10/2026	OFL-29767063	Clay Electric Cooperative 7658602	2,976.44	
06/10/2026	OFL-29767059	Clay Electric Cooperative 7659196	141.72	
06/10/2026	OFL-29767041	Clay Electric Cooperative 7675671	495.48	
06/10/2026	OFL-29767035	Clay Electric Cooperative 7658990	884.64	
06/10/2026	ACH-30006113	Siesta Key Cigars LLC	738.36	
06/10/2026	Fintech	Champion Brands Inc.	2,025.05	
06/09/2026	OFL-29767038	Clay Electric Cooperative 7659105	2,033.39	
06/08/2026		Fintech.net	70.85	
06/08/2026	VC-29947523	Bulloch Fertilizer Co., Inc.	22,847.11	
06/08/2026	Fintech	Breakthru Beverage	464.90	
06/08/2026	Fintech	Southern Glazer's Of FL	1,536.53	
06/08/2026	ACH	Sysco	8,580.92	
06/08/2026	ACH	Mr. Greens Produce	61.90	
06/08/2026	ACH	Hampton Golf, Inc. - 1	15,165.08	
06/06/2026	ACH	Travelers	8,601.10	
06/05/2026	VC-29947535	Alsco	610.27	
06/05/2026	VC-29947534	Club Car	1,080.00	
06/05/2026	VC-29947528	Turf Control LLC	4,051.73	
06/05/2026	VC-29947526	Brennan Golf Sales	1,400.00	
06/05/2026	ACH-29947532	Mr. Greens Produce	1,576.60	
06/05/2026	ACH-29947525	Global Golf Sales	524.50	
06/05/2026	120405	Swannies Golf	812.40	
06/05/2026	120404	NexAir, LLC	155.30	
06/05/2026	120403	Jacksonville Hood Cleaning	450.00	
06/05/2026	120402	GOLFNOW	127.00	
06/05/2026	120401	Cutter & Buck	639.29	
06/05/2026	120400	Applied Maintenance Supplies and Solution	219.38	
06/04/2026	OFL-29944406	Think VoIP Services	301.41	
06/04/2026	Fintech	North Florida Sales	1,488.40	
06/04/2026	ACH	Acushnet	14,012.95	
06/04/2026	ACH	AT&T Mobility	144.44	
06/03/2026	Fintech	Champion Brands Inc.	1,156.80	
06/03/2026	120399	GreatAmerica Financial Services Corp	1,011.84	
06/03/2026	ACH	Gegervision IT	1,931.25	
06/02/2026	OFL-29767076	Clay Electric Cooperative 7658982	44.09	
06/02/2026	OFL-29767073	Clay Electric Cooperative 7658719	52.50	
06/02/2026	OFL-29638386	Clay County Utility Authority A00006759	611.26	
06/02/2026	OFL-29638384	Clay County Utility Authority A00006772	91.64	
06/02/2026	OFL-29638372	Clay County Utility Authority A00006765	757.70	
06/02/2026	ACH	Fl Department of Health in Clay County	50.35	
06/01/2026	OFL-29917758	Sharp Energy	1,894.28	
06/01/2026	online	Sysco	7,905.75	
06/01/2026	ACH	Travelers	570.87	
		TOTAL	275,635.92	
101000 Cash - Checking Accounts:Operating - Checking Account
Jun-26

Date	Ref No.	Type	Payee	Account	Payment

200100 Accounts Payable-
06/30/2026	OFL-30427522 Bill Payment Gegervision IT 06/30/2026	6012	Check	Ryan James Heck 06/30/2026	OFL-30530313 Bill Payment Fintech. net 06/29/2026	ACH	Bill Payment Pepsi-Cola 06/29/2026	VC-30405153 Bill Payment Alsco
06/29/2026	VC-30405155 Bill Payment Poolsure 06/29/2026	6837995	Bill Payment Cheney Brothers 06/29/2026	120098	Bill Payment Abundantly Maid 06/29/2026	120099	Bill Payment K-Swiss
06/29/2026	VC-30405154 Bill Payment Deconna Ice Cream 06/26/2026	OFL-30142060 Bill Payment Comcast 06/26/2026	6011	Check	Mary Hayes 06/25/2026	OFL-30250563 Bill Payment Comcast 06/25/2026	OFL-30358024 Bill Payment Hampton Golf, Inc. 06/25/2026	OFL-30397155 Bill Payment North Florida Sales 06/23/2026	OFL-30299776 Bill Payment North Florida Sales 06/22/2026	VC-30287493 Bill Payment 10-S Tennis Supply 06/22/2026	VC-30287495 Bill Payment Alsco
06/22/2026	VC-30287498 Bill Payment  Poolsure

06/22/2026	120096	Bill Payment HEAD/Penn Raquet Sports 06/22/2026	VC-30287496 Bill Payment Deconna Ice Cream 06/22/2026	VC-30287497 Bill Payment Hoodz of Greater Jacksonville 06/22/2026	120097	Bill Payment  North Florida Promotions, Inc
StrongRoom	845.00
Payables:Due To Due From
Others	75.00
200100 Accounts Payable-
StrongRoom	70.85
200100 Accounts Payable-
StrongRoom	2,780.50
200100 Accounts Payable-
StrongRoom	76.78
200100 Accounts Payable-
StrongRoom	1,182.44
200100 Accounts Payable-
StrongRoom	11,937.32
200100 Accounts Payable-
StrongRoom	600.00
200100 Accounts Payable-
StrongRoom	70.57
200100 Accounts Payable-
StrongRoom	1,861.56
200100 Accounts Payable-
StrongRoom	812.92
Tennis:Activities & Other
Income:Facility Rental - Swim	200.00
200100 Accounts Payable-
StrongRoom	335.53
200100 Accounts Payable-
StrongRoom	11.19
200100 Accounts Payable-
StrongRoom	1,237.91
200100 Accounts Payable-
StrongRoom	497.85
200100 Accounts Payable-
StrongRoom	3,083.00
200100 Accounts Payable-
StrongRoom	153.56
200100 Accounts Payable-
StrongRoom	1,633.84
200100 Accounts Payable-
StrongRoom	1,139.73
200100 Accounts Payable-
StrongRoom	1,623.02
200100 Accounts Payable-
StrongRoom	677.50
200100 Accounts Payable-
StrongRoom	1,351.55
200100 Accounts Payable-
StrongRoom	430.03
200100 Accounts Payable-
StrongRoom	374.25
200100 Accounts Payable-
StrongRoom	1,122.73
200100 Accounts Payable-
StrongRoom	208.94
200100 Accounts Payable-
StrongRoom	241.60
200100 Accounts Payable-
StrongRoom	237.41
200100 Accounts Payable-
StrongRoom	552.94
200100 Accounts Payable-
StrongRoom	307.12
200100 Accounts Payable-
StrongRoom	7,033.44
200100 Accounts Payable-
StrongRoom	240.28
200100 Accounts Payable-
StrongRoom	600.00
200100 Accounts Payable-
StrongRoom	337.62
200100 Accounts Payable-
StrongRoom	1,745.30
200100 Accounts Payable-
StrongRoom	17,854.90
200100 Accounts Payable-
StrongRoom	2,239.07
200100 Accounts Payable-
StrongRoom	1,980.00
200100 Accounts Payable-
StrongRoom	36,658.34
200100 Accounts Payable-
StrongRoom	390.88
200100 Accounts Payable-
StrongRoom	511.01
200100 Accounts Payable-
StrongRoom	2,084.51
200100 Accounts Payable-
StrongRoom	930.59
200100 Accounts Payable-
StrongRoom	705.72
200100 Accounts Payable-
StrongRoom	2,789.69
200100 Accounts Payable-
StrongRoom	829.40
200100 Accounts Payable-
StrongRoom	4,016.25

06/04/2026	OFL-29963135 Bill Payment  North Florida Sales

06/02/2026	OFL-29629354 Bill Payment Comcast
Clay County Utility Authority
200100 Accounts Payable-
StrongRoom	351.85
200100 Accounts Payable-
StrongRoom	387.47
200100 Accounts Payable-
06/02/2026	OFL-29638399 Bill Payment

06/02/2026	OFL-29638400 Bill Payment

06/02/2026	OFL-29638402 Bill Payment

06/02/2026	OFL-29638405 Bill Payment

06/02/2026	OFL-29638407 Bill Payment

06/02/2026	OFL-29638409 Bill Payment

06/02/2026	OFL-29638410 Bill Payment
A00006756
Clay County Utility Authority A00011239
Clay County Utility Authority A00006876
Clay County Utility Authority A00006874
Clay County Utility Authority A00011240
Clay County Utility Authority A00006758
Clay County Utility Authority A00006877
StrongRoom	1,179.53
200100 Accounts Payable-
StrongRoom	618.25
200100 Accounts Payable-
StrongRoom	570.04
200100 Accounts Payable-
StrongRoom	246.04
200100 Accounts Payable-
StrongRoom	291.02
200100 Accounts Payable-
StrongRoom	477.28
200100 Accounts Payable-
StrongRoom	191.83
200100 Accounts Payable-
06/01/2026	OFL-29842353 Bill Payment  Hampton Golf, Inc.
StrongRoom	500.00
200100 Accounts Payable-

06/01/2026	OFL-29835594 Bill Payment	North Florida Sales	StrongRoom	496.26	
			TOTAL	121,989.21	

FIFTH ORDER OF BUSINESS

August 6, 2025 Board of Supervisors
The Crossings at Fleming Island Community Development District
475 West Town Place, Suite 114 St. Augustine, FL 32092
1800 Pembrook Drive, Suite 170
Orlando, Florida 32810
407-843-5406
www.mcdirmitdavis.com
The following represents our understanding of the services we will provide The Crossings at Fleming Island Community Development District.
You have requested that we audit the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of The Crossings at Fleming Island Community Development District, as of September 30, 2025, and for the year then ended and the related notes to the financial statements, which collectively comprise The Crossings at Fleming Island Community Development District’s basic financial statements as listed in the table of contents. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter.
The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America (GAAS) and in accordance with Government Auditing Standards, will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
Accounting principles generally accepted in the United States of America, (U.S. GAAP), as promulgated by the Governmental Accounting Standards Board (GASB) require that certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by GASB, 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 required supplementary information (RSI) in accordance with auditing standards generally accepted in the United States of America, (U.S. GAAS). These limited procedures will consist primarily of inquiries of management regarding their methods of measurement and presentation, and comparing the information for consistency with management’s responses to our inquiries. We will not express an opinion or provide any form of assurance on the RSI. The following RSI is required by U.S. GAAP. This RSI will be subjected to certain limited procedures but will not be audited:
	1.	Management’s Discussion and Analysis
Auditor Responsibilities
We will conduct our audit in accordance with U.S. GAAS and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and Chapter 10.550, Rules of the Auditor General. As part of an audit in accordance with GAAS, Government Auditing Standards, and Chapter 10.550, Rules of the Auditor General, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

	•	Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than from one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or override of internal control.
	•	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we have identified during the audit.
	•	Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements, including disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

the trusted partner

	•	Conclude based on the audit evidence obtained, whether there are conditions or events considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.

Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements may not be detected exists, even though the audit is properly planned and performed in accordance with U.S. GAAS and Government Auditing Standards.
Our responsibility as auditors is limited to the period covered by our audit and does not extend to any other periods.
Compliance with Laws and Regulations
As previously discussed, as part of obtaining reasonable assurance about whether the basic financial statements are free of material misstatement, we will perform tests of The Crossings at Fleming Island Community Development District’s compliance with the provisions of applicable laws, regulations, contracts, and agreements. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion.
Management Responsibilities
Our audit will be conducted on the basis that management acknowledge and understand that they have responsibility:
	a.	For the preparation and fair presentation of the basic financial statements in accordance with accounting principles generally accepted in the United States of America;
	b.	For the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to error, fraudulent financial reporting, misappropriation of assets, or violations of laws, governmental regulations, grant agreements, or contractual agreements; and
	c.	To provide us with:
	i.	Access to all information of which management is aware that is relevant to the preparation and fair presentation of the basic financial statements such as records, documentation, and other matters;
	ii.	Additional information that we may request from management for the purpose of the audit; and
	iii.	Unrestricted access to persons within the entity from whom we determine it necessary to obtain audit evidence.
	iv.	A written acknowledgement of all the documents that management expects to issue that will be included in the annual report and the planned timing and method of issuance of that annual report; and
	v.	A final version of the annual report (including all the documents that, together, comprise the annual report) in a timely manner prior to the date of the auditor’s report.
	d.	For including the auditor’s report in any document containing financial statements that indicates that such financial statements have been audited by us;
	e.	For identifying and ensuring that the entity complies with the laws and regulations applicable to its activities;
	f.	For adjusting the financial statements to correct material misstatements and confirming to us in the management representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the current year period under audit are immaterial, both individually and in the aggregate, to the financial statements as a whole;
	g.	For acceptance of nonattest services, including identifying the proper party to oversee nonattest work;
	h.	For maintaining adequate records, selecting and applying accounting principles, and safeguarding assets;
	i.	For informing us of any known or suspected fraud affecting the entity involving management, employees with significant role in internal control and others where fraud could have a material effect on the financials; and
	j.	For the accuracy and completeness of all information provided.
With regard to the supplementary information referred to above, you acknowledge and understand your responsibility: (a) for the preparation of the supplementary information in accordance with the applicable criteria; (b) to provide us with the appropriate written representations regarding supplementary information; (c) to include our report on the supplementary information in any document that contains the supplementary information and that indicates that we have reported on such supplementary information; and (d) to present the supplementary information with the audited financial statements, or if the supplementary information will not be presented with the audited financial statements, to make the audited financial statements readily available to the intended users of the supplementary information no later than the date of issuance by you of the supplementary information and our report thereon.
As part of the audit, we will assist preparation of your financial statements and related notes. You will be required to acknowledge in the written representation letter our assistance with preparation of the financial statements and that you have accepted responsibility for them.

Nonattest Services
With respect to any nonattest services we perform, such as drafting the financial statements, we will not assume management responsibilities on behalf of the District. However, we will provide advice and recommendations to assist management of the District in performing its responsibilities.
The District’s management is responsible for (a) making all management decisions and performing all management functions; (b) assigning a competent individual to oversee the services; (c) evaluating the adequacy of the services performed; (d) evaluating and accepting responsibility for the results of the services performed; and (e) establishing and maintaining internal controls, including monitoring ongoing activities.
Our responsibilities and limitations of the nonattest services are as follows:
	•	We will perform the services in accordance with applicable professional standards, including Government Auditing Standards
	•	The nonattest services is limited to the drafting of financial statements as previously outlined. Our firm, it its sole professional judgment, reserves the right to refuse to do any procedure or take any action that could be construed as making management decisions or assuming management responsibilities, including determining account codings and approving journal entries.

Government Auditing Standards require that we document an assessment of the skills, knowledge, and experience of management, should we participate in any form of the preparation of the basic financial statements and related schedules or disclosures as these actions are deemed a non-audit service.
Reporting
We will issue a written report upon completion of our audit of The Crossings at Fleming Island Community Development District’s basic financial statements. Our report will be addressed to the governing body of The Crossings at Fleming Island Community Development District. Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to modify our opinions, add an emphasis-of-matter or other-matter paragraph(s) to our auditor’s report, or withdraw from the engagement. If our opinions on the basic financial statements are other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we may decline to express opinions or to issue a report as a result of this engagement.
In accordance with the requirements of Government Auditing Standards, we will also issue a written report describing the scope of our testing over internal control over financial reporting and over compliance with laws, regulations, and provisions of grants and contracts, including the results of that testing. However, providing an opinion on internal control and compliance will not be an objective of the audit and, therefore, no such opinion will be expressed.
We will also issue a written report on the District’s compliance with the requirements of Section 218.415, Florida Statutes upon completion of our audit.
Other
We understand that your employees will prepare all confirmations we request and will locate any documents or invoices selected by us for testing.
If you intend to publish or otherwise reproduce the financial statements and make reference to our firm, you agree to provide us with printers’ proofs or masters for our review and approval before printing. You also agree to provide us with a copy of the final reproduced material for our approval before it is distributed.
Professional standards prohibit us from being the sole host and/or the sole storage for your financial and non-financial data. As such, it is your responsibility to maintain your original data and records and we cannot be responsible to maintain such original information. By signing this engagement letter, you affirm that you have all the data and records required to make your books and records complete.
Provisions of Engagement Administration, Timing and Fees
During the course of the engagement, we may communicate with you or your personnel via fax or e-mail, and you should be aware that communication in those mediums contains a risk of misdirected or intercepted communications.

We expect to begin our audit in January 2026 and the audit reports and all corresponding reports will be issued no later than June 30, 2026.
Tamara Campbell is the engagement partner for the audit services specified in this letter. Her responsibilities include supervising McDirmit Davis, LLC’s services performed as part of this engagement and signing or authorizing another qualified firm representative to sign the audit report.
Our fee for these services described in this letter will be $9,200 for the year ended September 30, 2025 ($9,200 for the years ended September 30, 2026 through September 30, 2028), unless the scope of the engagement is changed; the assistance that The Crossings at Fleming Island Community Development District has agreed to furnish is not provided, or unexpected conditions are encountered, in which case we will discuss the situation with you before proceeding.

Our invoices for fees shall be rendered upon completion of the work, shall provide sufficient detail to demonstrate that fees charged are solely for the specified services as actually rendered and shall demonstrate compliance with the terms of this agreement.
This Agreement provides for the agreement period of one (1) year, unless terminated earlier in accordance with this Agreement. This agreement may be renewed for four additional years subject to the mutual agreement by both parties to the terms and fees for such renewal. The District agrees that Auditor may terminate this Agreement with or without cause by providing sixty (60) days’ written notice of termination to the District; provided, however, that the District shall be provided a reasonable opportunity to cure any failure under this Agreement. Auditor agrees that the District may terminate this Agreement immediately of any circumstances we encounter that could significantly affect this initial fee estimate with cause. Auditor further agrees that the District may terminate this Agreement by providing thirty (30) days’ written notice of termination to Auditor. Upon any termination of this Agreement, Auditor shall be entitled to payment for all work and/or services rendered up until the effective termination date, subject to whatever claims or off-sets the District may have against Auditor.
Whenever possible, we will attempt to use The Crossings at Fleming Island Community Development District’s personnel to assist in the preparation of schedules and analyses of accounts. This effort could substantially reduce our time requirements and facilitate the timely conclusion of the audit. Further, we will be available during the year to consult with you on financial management and accounting matters of a routine nature.
During the course of the audit we may observe opportunities for economy in, or improved controls over, your operations. We will bring such matters to the attention of the appropriate level of management, either orally or in writing.
You agree to inform us of facts that may affect the basic financial statements of which you may become aware during the period from the date of the auditor’s report to the date the financial statements are issued.
We agree to retain our audit documentation or work papers for a period of at least five years from the date of our report.

Public Records
Auditor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and. Accordingly, Auditor 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 Government Management Services (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Auditor 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 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 Auditor’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 Auditor, Auditor 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 of Adobe PDF formats.

IF THE AUDITOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE AUDITOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT

904-940-5850, CHOGGE@GMSNF.COM, OR AT 475 WEST TOWN PLACE, SUITE 114, ST. AUGUSTINE, FL 32092.
At the conclusion of our audit engagement, we will communicate to the Board of Supervisors the following significant findings from the audit:

	•	Our view about the qualitative aspects of the entity’s significant accounting practices;
	•	Significant difficulties, if any, encountered during the audit;
	•	Uncorrected misstatements, other than those we believe are trivial, if any;
	•	Disagreements with management, if any;
	•	Other findings or issues, if any, arising from the audit that are, in our professional judgment, significant and relevant to those charged with governance regarding their oversight of the financial reporting process;
	•	Material, corrected misstatements that were brought to the attention of management as a result of our audit procedures;
	•	Representations we requested from management;
	•	Management’s consultations with other accountants, if any; and
	•	Significant issues, if any, arising from the audit that were discussed, or the subject of correspondence, with management.

The audit documentation for this engagement is the property of McDirmit Davis, LLC and constitutes confidential information. However, we may be requested to make certain audit documentation available to a federal or state 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, pursuant to authority given to it by law or regulation, or to peer reviewers. If requested, access to such audit documentation will be provided under the supervision of McDirmit Davis, LLC’s 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 of information contained therein to others, including other governmental agencies.
In accordance with the requirements of Government Auditing Standards, we have attached a copy of our latest external peer review report of our firm for your consideration and files.
Please sign and return the attached copy of this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit of the financial statements including our respective responsibilities.
We appreciate the opportunity to be your financial statement auditors and look forward to working with you and your staff. Respectfully,

McDirmit Davis, LLC Orlando, FL
*************************************************************** RESPONSE:
This letter correctly sets forth our understanding.
The Crossings at Fleming Island Community Development District

Acknowledged and agreed on behalf of The Crossings at Fleming Island Community Development District by:

Title:	Assistant Treasurer	

SIXTH ORDER OF BUSINESS
Financial Statements
September 30, 2025

The Crossings at Fleming Island Community
Development District
The Crossings at Fleming Island Community Development District
Table of Contents

Financial Section:
Independent Auditor's Report Management's Discussion and Analysis Financial Statements:
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Statement of Net Position - Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds
Statement of Cash Flows - Proprietary Funds Notes to Financial Statements
Compliance Section:
Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based On an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards Management Letter
Independent Accountant's Report on Compliance with the Requirements of Section 218.415, Florida Statutes
Page

1
4

10
11

12

13

14

15
16

17
18
19

33
35

41

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

Report on the Audit of the Financial Statements Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, and each major fund of The Crossings at Fleming Island Community Development District (the "District"), as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, and each major fund of the District as of September 30, 2025, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

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

Responsibilities of Management for the Financial Statements
The District's management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor's Responsibilities for the Audit of Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinions.

the trusted partner
Reasonable assurance is a high level of assurance but is not absolute assurance and, therefore, is not a guarantee that an audit conducted in accordance with GAAS and GAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS and GAS, we:

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

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis starting on page 4 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 30, 2026, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance.
That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

Orlando, Florida June 30, 2026

Our discussion and analysis of The Crossings at Fleming Island Community Development District (the "District") financial accomplishments provide an overview of the District's financial activities for the year ended September 30, 2025. Please read it in conjunction with the District's Independent Auditor's Report, financial statements and accompanying notes.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Governmental Accounting Standards Board Statement (GASB) No. 34, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments issued June 1999.

Financial Highlights
	•	The assets and deferred outflows of the District exceeded its liabilities at September 30, 2025 by
$1,371,524, an increase in net position of $3,808,617 in comparison with the prior year.
	•	At September 30, 2025, the District's governmental funds reported a combined fund balance of
$8,177,287, a decrease of $758,774 in comparison with the prior year.

Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to The Crossings at Fleming Island Community Development District's financial statements. The District's financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to financial statements.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all of the District's assets, deferred outflows of resources, and liabilities, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

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

Both of the government-wide financial statements distinguish functions of the District that are principally supported by assessments (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the District include general (administration, finance, and community services), physical environment (maintenance and operations) and culture and recreation. The business-type activities of the District include the Utility (water and sewer) and Golf Course operation.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has two fund categories: Governmental and Proprietary Funds.

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements.
However, unlike the government-wide financial statements, governmental fund financial statements focus
on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, and debt service fund which are considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Proprietary Funds
The District maintains one type of proprietary fund: enterprise. The District maintains two enterprise funds. An enterprise fund is used to report the same functions presented as business-type activities in the government-wide financial statements. The District uses an enterprise fund to account for the operations of the water and sewer utility services and golf services within the District. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide information for the utility and golf funds, which are considered major funds.

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

Government-Wide Financial Analysis
Statement of Net Position
The District's net position was $1,371,524 at September 30, 2025. The following analysis reflects the condensed statement of financial position for the current and prior year.

Governmental Activities
Business-Type Activities
Total Primary Government

2025		2024		2025		2024		2025		2024								
Assets
Current and other assets	8,545,666		
$	9,464,678		
6,555,453		
$	6,258,434		
$  15,101,119		
$ 15,723,112								
Capital assets, net	12,117,304		10,283,245		12,260,130		12,536,201		24,377,434		22,819,446							

Total assets	20,662,970		19,747,923		18,815,583		18,794,635		39,478,553		38,542,558							

Deferred Outflows	701,697		739,317		955,988		1,040,964		1,657,685		1,780,281							
Liabilities
Current liabilities	

689,478		

888,320		

8,129,510		

7,623,719		

8,818,988		

8,512,039							
Long-term liabilities	14,079,520		15,916,439		16,866,206		18,331,454		30,945,726		34,247,893							

Total liabilities	14,768,998		16,804,759		24,995,716		25,955,173		39,764,714		42,759,932							
Net Position																		
Net investment in capital assets		
(3,510,554)			
(4,893,877)			
(8,190,088)			
(8,819,289)			
(11,700,642)			
(13,713,166)	
Restricted		2,973,700			2,595,634			1,899,949			1,836,163			4,873,649			4,431,797	
Unrestricted		7,132,523			5,980,724			1,065,994			863,552			8,198,517			6,844,276	

Total net position	
$	6,595,669		
$	3,682,481		
$	(5,224,145)		
$	(6,119,574)		
$	1,371,524		
$	(2,437,093)	

Although the District's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

Statement of Activities
The following is a summary of the changes in net position for the fiscal years ended September 30, 2025 and 2024.

Governmental Activities
Business-Type Activities
Total Primary Government

	2025		2024		2025		2024		2025		2024	
Revenues
Program revenues:												
Charges for services Operating grants and
contributions	$ 7,798,876

171,530		$  7,795,647

180,071		$ 7,229,271

-		$	9,159,677

-		$ 15,028,147

171,530		$	16,955,324

180,071	
General revenues:
Investment earnings	
239,150		
590,356		
220,826		
236,030		
459,976		
826,386	

Total revenues	8,209,556		8,566,074		7,450,097		9,395,707		15,659,653		17,961,781	
Expenses												
Governmental activities: General government	
347,627	
291,406	
-	
-	
347,627	
291,406						
Physical environment	1,935,778	2,173,138	-	-	1,935,778	2,173,138						
Recreation	2,268,622	2,197,767	-	-	2,268,622	2,197,767						
Interest	836,666	923,196	-	-	836,666	923,196						
Business - type activities:												
Water and sewer	-		-		1,821,930		4,208,642		1,821,930		4,208,642	
Golf and restaurant	-		-		4,640,413		4,329,193		4,640,413		4,329,193	

Total expenses	
5,388,693		
5,585,507		
6,462,343		
8,537,835		
11,851,036		
14,123,342	
Increase (Decrease) in
Net Position Before Transfers	

2,820,863		

2,980,567		

987,754		

857,872		

3,808,617		

3,838,439	
Transfers	92,325		(211,157)		(92,325)		211,157		-		-	
Increase (Decrease) in Net Position	
2,913,188		
2,769,410		
895,429		
1,069,029		
3,808,617		
3,838,439	
Net position, beginning	3,682,481		913,071		(6,119,574)		(7,188,603)		(2,437,093)		(6,275,532)	

Net position, end	$ 6,595,669	$  3,682,481	$ (5,224,145)	$	(6,119,574)	$  1,371,524	$	(2,437,093)						

Governmental Activities
As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2025 was $5,388,693. The majority of these costs comprised physical environment and recreation expenditures.
Business-Type Activities
The cost of the business-type activities was $6,462,343, a 24.3% decrease from the prior year. The costs of those activities were paid for by charges for services, which accounted for 97% of total business-type revenues. Charges for services decreased $1,930,406 or 21.1% from the prior year.

Financial Analysis of the Government's Funds
Governmental Funds
The District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The focus of the District's governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the District's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. At September 30, 2025, the District's governmental funds reported combined ending fund balances of $8,177,287. Of this total, $410,567 is nonspendable, $3,294,799 is restricted, and $4,471,921 is unassigned.

The fund balance of the general fund decreased $1,098,236, primarily due to increased expenditures. The debt service fund balance increased $339,462 due to a decrease in expenditures.
Proprietary Funds
The District's proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail.

The Water and Sewer Fund reported operating income of $1,751,789, which is an increase of $192,441 from the previous year. Of the total deficit net position in the amount of $2,714,651, $1,899,949 is restricted for debt service and other purposes.

The Golf Course Fund reported an operating loss of $(172,475), which is a decrease of $135,281 from the previous year operating income.
General Fund Budgetary Highlights
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. There were no amendments to the September 30, 2025 general fund budget. The legal level of budgetary control is at the fund level.

Capital Asset and Debt Administration
Capital Assets
At September 30, 2025, the District had $24,377,434 invested in capital assets. More detailed information about the District's capital assets is presented in the notes to the financial statements.

Governmental Activities
Business-Type Activities
Total Primary Government

	2025		2024		2025		2024		2025		2024	
Land	$  2,298,612		$  2,298,612		$	3,599,131		$  3,599,131		$	5,897,743		$  5,897,743	
Improvements and equipment	15,336,475		13,031,347		107,569		107,569		15,444,044		13,138,916	
Water and sewer facilities	-		-		20,995,694		20,995,694		20,995,694		20,995,694	
Golf course and improvements	-		-		4,131,217		3,562,559		4,131,217		3,562,559	
Leased asset	-		-		347,601		347,601		347,601		347,601	
Accumulated depreciation	(5,517,783)		(5,046,714)		(16,921,082)		(16,076,353)		(22,438,865)		(21,123,067)	

Total	$ 12,117,304		$ 10,283,245		$ 12,260,130		$ 12,536,201		$ 24,377,434		$ 22,819,446	

Capital Debt
At September 30, 2025, the District had $35,895,000 in bonds outstanding, including matured bonds payable of $4,540,000. More detailed information about the District's capital debt is presented in the notes to the financial statements.

Economic Factors and Next Year's Budget
It is difficult to predict what significant effect the current economic condition and the matured bonds payable will have on the financial position or results of operations of the District in fiscal year 2026.
Requests for Information
If you have questions about this report or need additional financial information, contact The Crossings at Fleming Island Community Development District's Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida 33351.

FINANCIAL STATEMENTS
Statement of Net Position
September 30, 2025

Assets	Governmental
Activities		Business-type
Activities		
Total	
Cash	$	1,084,429		$	531,622		$	1,616,051	
Investments	3,091,334		3,796,504		6,887,838	
Internal balances	869,195		(869,195)		-	
Accounts receivable, net	60,424		298,635		359,059	
Assessments receivable	4,202		-		4,202	
Inventories	31,210		168,975		200,185	
Prepaid costs	107,303		175,924		283,227	
Deposits	36,798		7,146		43,944	
Restricted Assets:						
Temporarily restricted investments	3,260,771		2,445,842		5,706,613	
Capital Assets:						
Capital assets not being depreciated	2,298,612		3,599,131		5,897,743	
Capital assets being depreciated, net	9,818,692		8,660,999		18,479,691	

Total assets	20,662,970		18,815,583		39,478,553	
Deferred Outflows of Resources:						
Deferred amount on refunding	701,697		955,988		1,657,685	

Total Assets and Deferred Outflows of Resources	21,364,667		19,771,571		41,136,238	
Liabilities						
Accounts payable and accrued expenses	239,405		463,919		703,324	
Accrued interest payable	321,099		359,829		680,928	
Matured bonds payable	-		4,540,000		4,540,000	
Matured interest payable	-		2,706,958		2,706,958	
Unearned revenue	114,101		57,899		172,000	
Customer deposits	14,873		905		15,778	
Noncurrent Liabilities:						
Due within one year	1,880,000		1,020,000		2,900,000	
Due in more than one year	12,199,520		15,846,206		28,045,726	

Total liabilities	14,768,998		24,995,716		39,764,714	
Net Position						
Net investment in capital assets	(3,510,554)		(8,190,088)		(11,700,642)	
Restricted for debt service	2,973,700		1,611,524		4,585,224	
Restricted for renewal and replacement	-		288,425		288,425	
Unrestricted	7,132,523		1,065,994		8,198,517	

Total net position
$	6,595,669	$
(5,224,145)	$
1,371,524
The Crossings at Fleming Island Community Development District
Statement of Activities
Year Ended September 30, 2025

Program Revenue	Net (Expense) Revenue and Changes in Net Position
	Charges		Operating Grants				Primary Government				

Functions/Programs	
Expenses		for
Services		and
Contributions		Governmental
Activities		Business-type
Activities	
Total	
Governmental Activities:
General government	
$	347,627		
$	318,616		
$	-		
$	(29,011)		

$	-	$	
(29,011)	
Physical environment	1,935,778		1,753,507		-		(182,271)		-	(182,271)	
Recreation	2,268,622		2,846,632		-		578,010		-	578,010	
Interest on long-term debt	836,666		2,880,121		171,530		2,214,985		-	2,214,985	

Total governmental activities	5,388,693		7,798,876		171,530		2,581,713		
-	2,581,713	
Business-type Activities: Water and sewer	

1,821,930		

2,761,379		

-		

-		

939,449	

939,449	
Golf and restaurant	4,640,413		4,467,892		-		-		(172,521)	(172,521)	

Total business-type activities	6,462,343		7,229,271		-		-		
766,928	766,928	

Total primary government	
$	11,851,036	
$	15,028,147	
$	171,530	
2,581,713	
766,928	
3,348,641		

General Revenues:											

Investment and other income		239,150			220,826			459,976	
Transfers		92,325			(92,325)			-	

Total general revenues and transfers		331,475			128,501			459,976	
Change in net position		2,913,188			895,429			3,808,617	
Net position, beginning		3,682,481			(6,119,574)			(2,437,093)	

Net position, ending	
$	6,595,669		
$	(5,224,145)		
$	1,371,524	

The accompanying Notes to Financial Statements are an integral part of this statement.

11
Balance Sheet - Governmental Funds
September 30, 2025

Assets	

General		

Debt Service		Total Governmental
Funds	
Cash	$	1,084,429		$	-		$	1,084,429	
Investments	3,091,334		3,260,771		6,352,105	
Accounts receivable	60,424		-		60,424	
Assessments receivable	4,202		-		4,202	
Inventory	31,210		-		31,210	
Prepaid costs	107,303		-		107,303	
Due from other funds	633,939		34,028		667,967	
Advance to other fund	235,256		-		235,256	
Deposits	36,798		-		36,798	

Total assets
$	5,284,895	$
3,294,799	$
8,579,694

Liabilities and Fund Balances
Liabilities:
Accounts payable and accrued expenses	$	239,405	$	-	$	239,405			
Due to other funds	34,028		-	34,028			
Unearned revenue	114,101		-	114,101			
Deposits	14,873		-	14,873			

Total liabilities	402,407		-		402,407	
Fund Balances: Nonspendable	

410,567		

-		

410,567	
Restricted for debt service	-		3,294,799		3,294,799	
Unassigned	4,471,921		-		4,471,921	

Total fund balances	4,882,488		3,294,799		8,177,287	

Total liabilities and fund balances
$	5,284,895	$
3,294,799

Amounts reported for governmental activities in the statement of net position are different because:		
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.	
12,117,304	
Deferred amounts on refunding are not financial resources and, therefore, are not reported in the funds.	701,697	
Liabilities not due and payable from current available resources are not reported in governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide statements.		
Accrued interest payable	(321,099)		
Bonds payable	(14,079,520)	(14,400,619)	

Net position of governmental activities
$	6,595,669
Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds
Year Ended September 30, 2025

Revenues	
General		
Debt Service		Total Governmental
Funds	
Special assessments	$	4,123,412		$	2,880,121		$	7,003,533	
Charges for services	795,343		-		795,343	
Investment and other income	239,150		171,530		410,680	
Total revenues	5,157,905		3,051,651		8,209,556	
Expenditures
Current:
General government	

310,007		

-		

310,007	
Physical environment	1,545,029		-		1,545,029	
Recreation Debt Service:
Interest	2,268,622

-		-

862,189		2,268,622

862,189	
Principal	-		1,850,000		1,850,000	
Capital outlay	2,224,808		-		2,224,808	
Total expenditures	6,348,466		2,712,189		9,060,655	
Excess (Deficit) of Revenues Over Expenditures	
(1,190,561)		
339,462		
(851,099)	
Other Financing Sources (Uses):
Transfer in	
92,325		
-		
92,325	
Total other financing sources (uses)	92,325		-		92,325	
Net change in fund balances	(1,098,236)		339,462		(758,774)	
Fund balances, beginning of year	5,980,724		2,955,337		8,936,061	

Fund balances, end of year
$	4,882,488	$
3,294,799	$
8,177,287
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Year Ended September 30, 2025

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

Net change in fund balances - total governmental funds	$	(758,774)	
Governmental funds report outlays for capital assets as expenditures because such outlays use current financial resources; however, in the statement of net position the cost of those assets is recorded as capital assets.	

2,305,128	
Depreciation on capital assets is not recognized in the governmental fund statement; however, it is reported as an expense in the statement of activities.	
(471,069)	

Repayments of long-term liabilities are reported as expenditures in governmental funds, while repayments reduce long-term liabilities in the statement of net position.

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.

1,850,000

Change in accrued interest	38,604		
Amortization of bond discount	(13,081)		
Amortization of deferred amount on refunding	(37,620)	(12,097)	

Change in net position of governmental activities
$ 2,913,188
Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Year Ended September 30, 2025

Budgeted Amounts

Actual Amounts
Variance with Final Budget
Positive (Negative)

	Original		Final					
Revenues
Special assessments	
$	4,108,157		
$	4,108,157		
$	4,123,412		
$	15,255	
Charges for services	702,619		702,619		795,343		92,724	
Investment and other income	175,000		175,000		239,150		64,150	
Total revenues	4,985,776		4,985,776		5,157,905		172,129	
Expenditures
Current:
General government	288,897		288,897		310,007		(21,110)	
Physical environment	1,630,686		1,630,686		1,545,029		85,657	
Recreation	2,321,507		2,321,507		2,268,622		52,885	
Capital outlay	619,686		619,686		2,224,808		(1,605,122)	
Total expenditures	4,860,776		4,860,776		6,348,466		(1,487,690)	
Excess (Deficit) of Revenues Over Expenditures	

125,000		

125,000		

(1,190,561)		

(1,315,561)	
Other Financing Sources (Uses): Transfers in	

-		

-		

92,325		

92,325	
Total other financing sources (uses)	-		-		92,325		92,325	
Net change in fund balance	125,000		125,000		(1,098,236)		(1,223,236)	
Fund balance, beginning	5,980,724		5,980,724		5,980,724		-	

Fund balance, ending
$	6,105,724	$
6,105,724	$
4,882,488	$
(1,223,236)
Statement of Net Position - Proprietary Funds
September 30, 2025

Enterprise Funds
	Water and Sewer			Golf Course		Total	
Assets							
Current Assets:							
Cash and cash equivalents	$	349,654		$	181,968		$	531,622	
Investments	6,056,009			186,337		6,242,346	
Accounts receivable, net	226,796			71,839		298,635	
Inventories	-			168,975		168,975	
Prepaid expenses and deposits	63,167			119,903		183,070	
Total current assets	6,695,626			729,022		7,424,648	
Noncurrent Assets: Capital Assets:							
Land and improvements	20,719,211		3,598,831		24,318,042		
Equipment and furniture	276,783		4,586,387		4,863,170		
Less accumulated depreciation	(14,109,944)		(2,811,138)		(16,921,082)		
Total noncurrent assets	6,886,050		5,374,080		12,260,130		
Total assets	13,581,676		6,103,102		19,684,778		
Deferred Outflows of Resources							
Deferred amount on refunding	955,988		-		955,988		
Total Assets and Deferred Outflow of Resources	14,537,664		6,103,102		20,640,766		
Liabilities
Current Liabilities:							
Accounts payable and accrued expenses	22,350		441,569		463,919		
Accrued interest payable	359,829		-		359,829		
Due to other funds	3,025		630,914		633,939		
Customer deposits	905		-		905		
Unearned revenue	-		57,899		57,899		
Matured interest payable	-		2,706,958		2,706,958		
Matured bonds payable	-		4,540,000		4,540,000		
Bonds, notes and loans payable	1,020,000		-		1,020,000		
Total current liabilities	1,406,109		8,377,340		9,783,449		
Noncurrent Liabilities:							
Advance from other funds	-		235,256		235,256		
Bonds, notes and loans payable	15,846,206		-		15,846,206		
Total noncurrent liabilities	15,846,206		235,256		16,081,462		
Total liabilities	17,252,315		8,612,596		25,864,911		
Net Position							
Net investment in capital assets	(9,024,168)		834,080		(8,190,088)		
Restricted for debt service	1,611,524		-		1,611,524		
Restricted for other purposes	288,425		-		288,425		
Unrestricted	4,409,568		(3,343,574)		1,065,994		

Total net position
$	(2,714,651)	$
(2,509,494)	$
(5,224,145)
Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds
Year Ended September 30, 2025

	Enterprise Funds						
	Water and Sewer		Golf Course		Total		
Operating Revenues							
Charges for services	$	2,761,379		$	4,466,777		$	7,228,156		
Miscellaneous revenue	-		1,115		1,115		
Total operating revenues	2,761,379		4,467,892		7,229,271		
Operating Expenses
Water and sewer	
384,169		
-		
384,169		
Golf and restaurant	-		4,421,059		4,421,059		
Depreciation	625,421		219,308		844,729		
Total operating expenses	1,009,590		4,640,367		5,649,957		
Operating income (loss)	1,751,789		(172,475)		1,579,314		
Nonoperating Revenues (Expenses)
Interest and investment revenue	

217,024		

3,802		

220,826		
Interest expense	(812,340)		(46)		(812,386)		
Total nonoperating revenue (expenses)	(595,316)		3,756		(591,560)		
Income (loss) before transfers	1,156,473		(168,719)		987,754		
Transfer out	-		(92,325)		(92,325)		
Change in net position	1,156,473		(261,044)		895,429		
Total net position, beginning	(3,871,124)		(2,248,450)		(6,119,574)		

Total net position, ending	$	(2,714,651)	$	(2,509,494)	$	(5,224,145)	
Statement of Cash Flows - Proprietary Funds
Year Ended September 30, 2025

Cash Flows from Operating Activities		Water and Sewer		
Golf Course			
Total	
Receipts from customers and users	$	2,995,761		$	4,435,222		$	7,430,983	
Payments to suppliers of goods and services		(452,206)		(4,454,941)			(4,907,147)	

Net cash provided (used) by operating activities		2,543,555		(19,719)			2,523,836	
Cash Flows from Non-Capital Financing Activities								
Transfers (to)/from other funds	-		(92,325)		(92,325)			
Due to other funds	275		729,515		729,790			

Net cash provided (used) by non-capital financing activities	275		637,190		637,465			
Cash Flows from Capital and Related Financing Activities								
Principal paid on debt	(985,000)		(12,956)		(997,956)			
Purchase of capital assets	-		(568,658)		(568,658)			
Interest paid on debt	(736,375)		(46)		(736,421)			

Net cash used by capital and related financing activities	(1,721,375)		(581,660)		(2,303,035)			
Cash Flows from Investing Activities								
Interest earnings		217,024		3,802			220,826	
Sale (purchase) of investments		(810,304)		(83,298)			(893,602)	

Net cash provided (used) by investing activities		(593,280)		(79,496)			(672,776)	
Net increase (decrease) in cash and cash equivalents		229,175		(43,685)			185,490	
Cash and cash equivalents, beginning		120,479		225,653			346,132	

Cash and cash equivalents, ending	$	349,654		$	181,968		$	531,622	

Reconciliation of Operating Income (Loss) to Net Cash								
Provided (Used) By Operating Activities
Operating income (loss)	
$	
1,751,789		
$	(172,475)		
$	
1,579,314	
Adjustments Not Affecting Cash								
Depreciation and amortization		625,421		219,308			844,729	

Change in Assets and Liabilities								
(Increase) decrease in accounts receivable		234,382		(51,230)			183,152	
(Increase) decrease in prepaids / inventory		(63,167)		(67,702)			(130,869)	
Increase (decrease) in accounts payable		(4,870)		33,820			28,950	
Increase (decrease) in customer deposits		-		-			-	
Increase (decrease) in unearned revenue		-		18,560			18,560	

Total adjustments		791,766		152,756			944,522	

Net cash provided (used) by operating activities	$	2,543,555		$	(19,719)		$	2,523,836	

NOTES TO FINANCIAL STATEMENTS

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity
The Crossings at Fleming Island Community Development District, (the "District") was established in November 1989 by the Florida Land and Water Adjudicatory Commission Chapter 42H-1 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, the power to borrow money and issue bonds, and the power to levy and collect non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors (the "Board"), which is composed of five members. At present, the Supervisors are elected on an at large basis by qualified electors of the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the final responsibility for, among other things:

	1.	Allocating and levying assessments.
	2.	Approving budgets.
	3.	Exercising control over facilities and properties.
	4.	Controlling the use of funds generated by the District.
	5.	Approving the hiring and firing of key personnel.
	6.	Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements 14, 39, and 61. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
Government-Wide and Fund Financial Statements
The financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services or privileges provided by a given function or segment; 2) grants, contributions and investment income that are restricted to meeting the operational or capital requirements of a particular function or segment and 3) operating-type special assessments that are treated as charges for services (including assessments for maintenance and debt service). Other items not included among program revenues are reported instead as general revenues.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Separate financial statements are provided for governmental funds and proprietary funds. The major governmental and major individual enterprise funds are reported as separate columns in the fund financial statements.

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

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

Assessments, including debt service assessments and operation and maintenance assessments, are non-ad valorem assessments imposed on all lands located within the District and benefited by the District's activities. Operation and maintenance assessments are levied by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. These assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District. Certain debt service assessments are collected upon the closing of those lots subject to short term debt and are used to prepay a portion of the bonds outstanding.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports the following major governmental funds:

General Fund - is the District's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.
Debt Service Fund - accounts for the accumulation of resources for the annual payment of principal and interest on long-term debt.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The District reports the following major proprietary funds:

Water and Sewer Fund - This enterprise fund is used to account for the operations of the water and sewer utility services within the District. The costs of providing services to the residents are recovered primarily through user charges.
Golf Course Fund - This enterprise fund is used to account for the operations of the golf course, pro shop and restaurant within the District. The costs of providing services to the residents and public are recovered primarily through user charges.

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

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance Restricted Assets
These assets represent cash and investments set aside pursuant to bond covenants.

Deposits and Investments
The District's cash and cash equivalents are considered to be cash on hand and demand deposits.

Investments of the District are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. The District's investments consist of investments authorized in accordance with Section 218.415, Florida Statutes.
Inventories
Inventories are valued at cost which approximates market value using the first-in, first-out (FIFO) method.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Receivables and Payables
During the course of operations, transactions occur between individual funds. Any residual balances outstanding between governmental activities and business-type activities for internal borrowing are reported in the government-wide statements as "internal balances".

Accounts receivable and assessments receivable are shown net of an allowance for uncollectible amounts. All balances are considered collectible at September 30, 2025. These receivables will be recognized as revenue as they are collected.

Capital Assets
Capital assets, which include property, golf course, recreation facilities, water and sewer improvements, equipment and infrastructure assets (e.g., utilities system, stormwater system, landscaping and similar items), are reported in the applicable governmental activities column in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant, and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets

Land improvements Buildings Stormwater system
Improvements other than buildings Roadways and other
Equipment Lease assets
Years

10-20
30
30
40
30
5-10
4-5

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
Long-Term Obligations
In the government-wide and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of premiums or discounts.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District has one item that qualifies for reporting in this category. It is the deferred charge on refunding reported in the government-wide statement of net position. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2025.

Net Position Flow Assumptions
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the District's policy to consider restricted net position to have been depleted before unrestricted net position is applied.

Fund Balance Flow Assumptions
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources (total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District's policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

Fund Balance Policies
Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The District itself can establish limitations on the use of resources through either commitment (committed fund balance) or an assignment (assigned fund balance).

The committed fund balance classification includes fund balance amounts that can be used only for the specific purposes determined by a formal action of the government's highest level of decision-making authority. The Board of Supervisors is the highest level of decision-making authority for the government that can, by adoption of an ordinance or resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance or resolution remains in place until a similar action is taken to remove or revise the limitation.

Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as committed. The Board of Supervisors has authorized the District Manager to assign amounts for specific purposes. The Board of Supervisors may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year's appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above an additional action is essential to either remove or revise a commitment.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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

New Accounting Standards
In fiscal year 2025, the District has not implemented any new accounting standards with a material effect on the District's financial statements.
NOTE 2	STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

Budgetary Information
The District is required to establish a budgetary system and an approved annual budget for the General Fund. Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. All annual appropriations lapse at the fiscal year end. The legal level of budgetary control is at the fund level. Any budget amendments that increase the aggregate budgeted appropriations, at the fund level, must be approved by the Board of Supervisors.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

	1.	Each year the District Manager submits to the District Board proposed budgets for the fiscal year commencing the following October 1.
	2.	A public hearing is conducted to obtain public comments.
	3.	Prior to October 1, the budget is legally adopted by the District Board.
	4.	Subject to certain limited exceptions set forth in the District's appropriation resolutions adopted each year, all budget changes must be approved by the District Board.
	5.	The budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.
	6.	Unused appropriation for annually budgeted funds lapse at the end of the year.

Excess Expenditures Over Appropriations
For the year ended September 30, 2025, expenditures exceeded appropriations in the general fund. These over expenditures were funded by greater than anticipated revenues and available fund balance.
NOTE 3	DEPOSITS AND INVESTMENTS

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

NOTE 3	DEPOSITS AND INVESTMENTS (CONTINUED)

In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Restricted cash
Included in cash and investments for the water and sewer fund is restricted cash of $289,330 for customer deposits and renewal and replacement reserves.
Investments
The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.

Under GASB 72, assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted prices for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable, and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District's own data in measuring unobservable inputs.

The District has the following recurring fair value measurements as of September 30, 2025:

 Money market mutual funds of $6,403,301 are valued using Level 2 inputs.

The District's investment policy is governed by State Statutes and the District Trust Indenture. This policy allows investments in any financial institution that is a qualified public depository of the State of Florida as identified by the State Treasurer, in accordance with Chapter 280 of the Florida Statutes. Authorized investments are:

	1.	The State Board of Administration Local Government Investment Pool (SBA);
	2.	Securities and Exchange Commission Registered Money Market Funds with the highest credit quality rating from a nationally recognized rating agency;
	3.	Interest-bearing savings accounts and certificates of deposit in state-certified qualified public
depositories;
	1.	Direct obligations of the U.S. Treasury.

The SBA is not a registrant with the Securities and Exchange Commission (SEC); however, the State of Florida does provide oversight. The Board has adopted operating procedures consistent with the requirements for a 2a-7-like fund for the Florida Prime Fund; therefore, the pool net asset value per share can be used as fair value for financial reporting.

NOTE 3	DEPOSITS AND INVESTMENTS (CONTINUED)

Investments made by the District at September 30, 2025 are summarized below:

Investment Type		
Fair Value		Credit Rating		Weighted Average Maturity	
First American Government Obligation Fund-Class Y		$	3,760,721		AAAm		47 days	
First American Government Obligation Fund-Class Z		2,642,580		AAAm		45 days	
US Bank Money Market
Local Government Investment Pool:		186,064		n/a		n/a	
Florida Prime	6,005,086	AAAm	47 days					
$	12,594,451							

Credit Risk
The District's investment policy limits credit risk by restricting authorized investments to those described. Investments in U.S. Government securities and agencies must be backed by the full faith and credit of the United States Government. Short term bond funds shall be rated by a nationally recognized ratings agency and shall maintain the highest credit quality rating.
Custodial Credit Risk
In the case of deposits, this is the risk that, in the event of a bank failure, the District's deposits may not be returned to it. The District's investment policy requires that bank deposits be secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida, and creates the Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member financial institutions for collateral shortfalls if a default or insolvency has occurred. At September 30, 2025, all of the District's bank deposits were in qualified public depositories.

For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2025, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Concentration of Credit Risk
The District's investment policy does not specify limits on the amount the District may invest in any one issuer.

Interest Rate Risk
The District's investment policy does not specifically address interest rate risk; however, the general investment policy is to apply the prudent-person rule: Investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and in general, avoid speculative investments. The District manages its exposure to declines in fair values by investing primarily in pooled investments that have a weighted average maturity of less than three months.

NOTE 4	INTERFUND, RECEIVABLES, PAYABLES AND TRANSFERS

Interfund receivables and payables at September 30, 2025 were as follows:

	Payable Fund					
Receivable Fund	General		Utility	Golf		Total	
General	$	-		$	3,025	$	630,914		$	633,939	
Debt Service	34,028		-	-		34,028	
	$	34,028			
$	3,025	$	630,914		$	667,967	

The outstanding balances between funds result primarily from the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. Balances between funds are for services paid by the General Fund to be reimbursed. Additionally, the general fund has advanced $235,256 to the golf fund to help with the operations of the fund.

For the year ended September 30, 2025, the Golf fund transferred $92,325 to the general fund related to equipment lease payments.

NOTE 5	CAPITAL ASSETS

Capital asset activity for the year ended September 30, 2025 was as follows:

Governmental Activities
Capital assets, not being depreciated: Land
Total capital assets, not being depreciated

Capital assets being depreciated: Improvements and equipment
Total capital assets, being depreciated

Less accumulated depreciation for: Improvements and equipment
Total accumulated depreciation Total capital assets being depreciated, net Governmental activities capital assets, net

Governmental activities depreciation expense is charged to physical environment.

NOTE 5	CAPITAL ASSETS (CONTINUED)

Business-Type Activities
Capital assets, not being depreciated: Land
Total capital assets, not being depreciated

Capital assets being depreciated:
Beginning Balance

3,599,131

3,599,131

Additions

-

-	-

Disposals

-

-
Ending Balance

3,599,131

3,599,131

Water and sewer facilities	20,995,694		-				20,995,694	
Golf course and improvements	3,562,559		568,658		-		4,131,217	
Improvements and equipment	107,569		-		-		107,569	
Lease asset	347,601		-		-		347,601	
Total capital assets, being depreciated	25,013,423		568,658		-		25,582,081	
Less accumulated depreciation for:
Water and sewer facilities	(13,484,523)	(625,421)	-	(14,109,944)		
Golf course and improvements	(2,145,479)	(210,489)	-	(2,355,968)		
Improvements and equipment	(107,569)	-	-	(107,569)		
Lease asset	(338,782)	(8,819)	-	(347,601)		
Total accumulated depreciation	(16,076,353)		(844,729)		 
-	(16,921,082)	
Total capital assets being depreciated, net	8,937,070		(276,071)		 
-	8,660,999	

Business-type activities capital assets, net	
$ 12,536,201		
$	(276,071)		 

$	-	$ 12,260,130	

Depreciation of $625,421 is charged to the water and sewer fund and $219,308 is charged to the golf fund.

NOTE 6   LONG-TERM LIABILITIES

Special Assessment Revenue Refunding Bonds, Series 2014 - Public Offering
In August 2014, the District issued $37,005,000 of Special Assessment Revenue Refunding Bonds, Series 2014 due on November 1, 2044 with a variable interest rate. The Bonds were issued to refund the Special Assessment Refunding Bonds, Series 2000 and to finance the acquisition and construction of certain improvements for the benefit of the property within the District. Interest is paid semiannually on each May 1 and November 1. Principal is payable annually commencing May 1, 2014 through May 1, 2044.

The Series 2014 Bonds are subject to redemption at the option of the District, in whole or in part at a redemption price set forth in the Bond Indenture. The Series 2014 Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. This requirement was met at September 30, 2025.
The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Payment of principal and interest on the 2014 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

NOTE 6	LONG-TERM LIABILITIES (CONTINUED)

Total principal and interest remaining on the Series 2014 Bonds at September 30, 2025 is $18,089,614. For the year ended September 30, 2025, principal and interest of $2,648,776 was paid. Special assessment revenue of $2,812,773 was pledged for the year ended September 30, 2025.

Special Assessment Revenue Bonds, Series 2017 - Public Offering
In May 2017, the District issued $870,000 of Special Assessment Revenue Bonds, Series 2017 due on May 1, 2044 with a fixed interest rate of 5.75%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District and pay issuance costs. Interest is paid semiannually on each May 1 and November 1. Principal is payable annually commencing May 1, 2019 through May 1, 2044.

The Series 2017 Bonds are subject to redemption at the option of the District, in whole or in part at a redemption price set forth in the Bond Indenture. The Series 2017 Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture. In the event of default, all principal and interest of the Bond will become immediately due and payable.
The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. This requirement was met at September 30, 2025.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Payment of principal and interest on the 2017 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

Total principal and interest remaining on the Series 2017 Bonds at September 30, 2025 is $1,227,777. For the year ended September 30, 2025, principal and interest of $63,413 was paid. Special assessment revenue of $67,348 was pledged for the year ended September 30, 2025.

Utility Refunding Revenue Bonds, Series 2016 - Public Offering
In December 2016, the District issued $24,045,000 of Utility Refunding Revenue Bonds, Series 2016 due October 1, 2037 with an interest rate ranging from 4.5% to 4.875%. The Bonds were issued to refund the outstanding Utility Revenue Refunding Bonds, Series 2007. Interest is paid semiannually on each April 1 and October 1. Principal is payable annually commencing October 1, 2017 through October 1, 2037.
The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to establish rates in an amount adequate to provide payment of debt service and to meet certain trust indenture provisions. The District was in compliance with these provisions in the current fiscal year. In the event of default, all principal and interest of the Bond will become immediately due and payable.

Total principal and interest remaining on the Series 2016 Bonds at September 30, 2025 is $22,281,170. For the year ended September 30, 2025, principal and interest of $1,721,376 was paid. Revenue of $2,377,210 was pledged for the year ended September 30, 2025.

NOTE 6	LONG-TERM LIABILITIES (CONTINUED)

Golf Course Revenue Bonds, Series 1999 - Public Offering
In March 1999, the District issued $7,835,000 of Golf Course Revenue Bonds, Series 1999 due October 1, 2024 with an interest rate of 6.6%. The Bonds were issued to finance the acquisition and construction of certain public infrastructure with the District. The bonds are secured by a pledge of certain revenues derived as a result of operations on the golf course. Interest is paid semiannually on each April 1 and October 1. Principal is payable annually commencing October 1, 2000 through October 1, 2024.
The Bonds are secured by a pledge of certain revenues derived as a result of operations of the golf course. The District has not made a debt service payment on the Golf Course Revenue Bonds, Series 1999 since April 1, 2011 and is not in compliance with the Trust Indenture. In the event of default, all principal and interest of the Bonds will become immediately due and payable.
Total principal and interest remaining on the Series 1999 Bonds at September 30, 2025 is $7,246,958, which includes matured bonds payable of $4,540,000 and matured interest payable of $2,706,958. For the year ended September 30, 2025, no principal and interest was paid ($475,000 of principal was added to matured bonds payable and $15,675 of interest was added to matured interest payable). Revenue of
$4,466,777 was pledged for the year ended September 30, 2025.

At September 30, 2025, the scheduled debt service requirements on the bonds payable were as follows:

Governmental Activities	Business-Type Activities
Year Ending September 30,		Principal		Interest		Principal		Interest	
2026		$	1,880,000		$	770,639		$	1,020,000		$	701,566	
2027		1,985,000		677,089		1,060,000		664,113	
2028		2,085,000		578,051		1,095,000		623,047	
2029		2,190,000		473,914		1,140,000		578,401	
2030		2,225,000		364,352		1,185,000		530,258	
2031-2035		1,050,000		1,138,441		6,740,000		1,827,956	
2036-2040		1,450,000		755,703		4,790,000		325,829	
2041-2045		1,460,000		234,202		-		-	
		
$	14,325,000		
$	4,992,391		
$	17,030,000		
$	5,251,170	

Leases
The District has entered into agreements to lease certain equipment. The lease agreements qualify as other than short-term leases under GASB 87 and, therefore, have been recorded at the present value of the future minimum lease payments as of the date of their inception.

Individual lease terms range from 48 to 60 months. These leases require monthly payments ranging from
$442 to $7,349. The lease liability is measured at a discount rate of 2%, which is the District's incremental borrowing rate. As a result of the leases, the District has recorded a right to use asset with a net book value of $0 at September 30, 2025.

NOTE 6	LONG-TERM LIABILITIES (CONTINUED)

Long-term debt activity for the year ended September 30, 2025 was as follows:

Governmental Activities
Bonds Payable:
Series 2014 Discount Series 2017
Governmental activity long-term liabilities
Business-Type Activities
Bonds Payable:
Water and sewer, series 2016	$  18,015,000	$	-	$	(985,000)	$  17,030,000	1,020,000						
Discount	(171,502)	-	7,708	(163,794)	-						
Golf course, series 1999	475,000	-	(475,000)	-	-						
Lease liability	12,956	-	(12,956)	-	-						
Business-type  long-term
liabilities	
 $  18,331,454 		
 $	- 		
 $ (1,465,248) 		
 $  16,866,206 		
 $	1,020,000 	

The $475,000 reduction above for the Golf Course, Series 1999 Bonds was not paid, but was accrued to matured bonds payable. The beginning balance is reduced by $4,065,000 which was also not paid, but accrued to matured bonds payable in prior years. At year end, total matured bonds payable is $4,540,000.

NOTE 7	MANAGEMENT COMPANY

District Operations
The District has contracted with a management company ("GMS") to perform management services, which include financial and accounting services. Certain employees of GMS also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting and other administrative costs.
Recreation Operations
The District employees manage and staff the recreation operations of the District. Such operations include management, marketing, operations and maintenance of the District's recreational assets.
Golf Operations
The District entered into a management agreement in June 2008, with Hampton Golf, Inc. to supervise, direct and control the management, development, marketing and operation of the Eagle Harbor Golf Club. The agreement has no ending date and provides that either party may terminate the agreement with a 90-day notice. The monthly management fee is $7,000 per month. During fiscal year 2025, the District paid
$84,000 to Hampton Golf, Inc. as management fees under these agreements.

NOTE 8	RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. These risks are covered by commercial insurance from independent third parties. Settled claims from these risks have not exceeded commercial insurance coverage in the previous three years.

NOTE 9	SUBSEQUENT EVENTS

The District was not able to make the October 2025 and April 2026 debt service payments on the Golf Course Revenue Bonds, Series 1999.

COMPLIANCE SECTION

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

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements of the governmental activities, business-type activities and each major fund of The Crossings at Fleming Island Community Development District (the "District") as of and for the year ended September 30, 2025, which collectively comprise the District's financial statements and have issued our report thereon dated June 30, 2026.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

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

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. See Appendix A.
We noted certain other matters that we reported to management of the District, in a separate letter dated June 30, 2026. The District's response to our findings identified in our audit are included in this report. We did not audit the District's response, and accordingly, we express no opinion on it.

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

Orlando, Florida June 30, 2026

MANAGEMENT LETTER

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

Report on the Financial Statements
We have audited the financial statements of The Crossings at Fleming Island Community Development District (the "District"), as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated June 30, 2026.
Auditor's Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Auditor General.
Other Reporting Requirements
We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Independent Auditor's Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in these reports, which are dated June 30, 2026, should be considered in conjunction with this management letter.

Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, require that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. Corrective actions have been taken to address findings and recommendations made in the preceding financial report, except as noted below.

Tabulation of Uncorrected Audit Findings			
Current Year Finding #	2023-24 FY Finding #	2022-23 FY Finding #	
15-01	15-01	15-01	
15-02	15-02	15-02	

Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. This information has been disclosed in the notes to the financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify of the specific condition(s) met. In connection with our audit, we determined that the District met one of the conditions described in Section 218.503(1), Florida Statutes, as listed in Appendix B.

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management's responsibility to monitor the District's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Deteriorating financial conditions were noted as indicated in Appendix B.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information (Unaudited)
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7., Rules of the Auditor General, the District reported:
	A.	The total number of District employees compensated in the last pay period of the District's fiscal year as 0.
	B.	The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District's fiscal year as 4.
	C.	All compensation earned by or awarded to employees, whether paid or accrued, regardless of
contingency as $97,546.
	A.	All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $29,908.
	B.	Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1 of the fiscal year being reported, together with the total
expenditures for such project as:
Golf facilities- $90,819 Swim park- $1,991,119
	A.	A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final budget under Section 189.016(6), Florida Statutes, as included in the general fund budget statement.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)9., Rules of the Auditor General, the District reported:
	A.	The rate or rates of non-ad valorem special assessments imposed by the District as $564.24 -
$186,826.00.
	A.	The total amount of special assessments collected by or on behalf of the District as $7,003,533.
	B.	The total amount of outstanding bonds issued by the District and the terms of such bonds as disclosed in the notes.

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

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

Orlando, Florida June 30, 2026
Appendix A - Compliance, Violations of Laws, Regulations and Contractual Provisions
September 30, 2025

	15.	- Failure to Make Debt Service Payments When Due
Criteria
The Golf Course Revenue Bonds Series 1999 require semiannual interest payments and annual principal payments as per the Bond Indenture.

Condition
In the current and prior years, the District did not pay the entire principal and interest due on the Series 1999 Bonds.
Cause
Operating revenues are insufficient.

Effect
At September 30, 2025, the District was in default per Article VIII Section 8.02a of the Trust Indenture.

Recommendation
We recommend the District utilize all remedies available to bring debt service payments current.

Management Response
The District's Golf Course Bonds are Revenue Bonds secured solely by the Pledged Revenues generated by the Golf Course which have been insufficient to pay the operating costs and debt service payments on the Golf Course Bonds for the past ten years. The District has made capital improvements, hired an independent golf course consultant to evaluate the golf course facilities and operations, hired a professional golf course management company along with various other actions to improve the financial condition of the Golf Course Enterprise Fund. However, golf as an industry continues to struggle financially and it will be extremely difficult for the District to meet its financial obligations based upon the diminishing interest in the sport for the foreseeable future.
	15.	- Failure to Meet Debt Service Reserve Account Requirement
Criteria
The Trust Indenture requires the District to maintain a minimum balance in the Debt Service Reserve Account.
Condition
At September 30, 2025, the Debt Service Reserve Account was deficient.

Cause
The balance in the Debt Service Reserve Account was used to pay debt service expenditures.

Effect
At September 30, 2025, the District was in default per Article VIII Section 8.02e of the Trust Indenture.

Recommendation
We recommend the District utilize all remedies available to replenish the Debt Service Reserve Account.
The Crossings at Fleming Island Community Development District
Appendix A - Compliance, Violations of Laws, Regulations and Contractual Provisions
September 30, 2025

Management Response
The District's Golf Course Bonds are Revenue Bonds secured solely by the Pledged Revenues generated by the Golf Course which have been insufficient to pay the operating costs and debt service payments on the Golf Course Bonds for the past ten years. The District has made capital improvements, hired an independent golf course consultant to evaluate the golf course facilities and operations, hired a professional golf course management company along with various other actions to improve the financial condition of the Golf Course Enterprise Fund. However, golf as an industry continues to struggle financially and it will be extremely difficult for the District to meet its financial obligations based upon the diminishing interest in the sport for the foreseeable future.
Appendix B - Conditions of Financial Emergency
September 30, 2025

	15.	- Failure to Make Debt Service Payments When Due
In the current and prior years, the District did not pay all of the principal and interest due on the Series 1999 Bonds due to lack of funds; therefore the District meets Section 218.503(1)(a) as a financial emergency condition.

INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
The Crossings at Fleming Island Community Development District

We have examined The Crossings at Fleming Island Community Development District's (the "District") compliance with the requirements of Section 218.415, Florida Statutes, during the year ended September 30, 2025. Management is responsible for the District's compliance with those requirements. Our responsibility is to express an opinion on the District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States, and, accordingly, included examining, on a test basis, evidence about the District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2025.

Orlando, Florida June 30, 2026

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EIGHTH ORDER OF BUSINESS

B.

Monthly Maintenance Report
July 15, 2026

Maintenance – Turf is aggresively growing and coloring up with the recent rains and extreme heat. Weekly detail rotations continue. Spring grabular application has been applied as well as post- and pre- emergent herbicide and PGR. Mulch is being refreshed around the front pool this week and pine straw was completed last week. The granular will get our main nutrients in the soil for long term health. We have completely worked through both pool areas getting them ready for spring time swimmer.

Annuals – June change out has occurred. Some areas did not fair so well with the above average temperatures during their establishment and have been replaced. The latest round of replacements is occuring today and tomorrow. Preventative weed control and preventative fungicide have been applied. Soil was added to each ﬂower bed throughout community during this rotation. Hand watering of ﬂowers is going on daily as well as over the weekends to ensure ﬂowers take root while dealing with drought conditions This will continue until new ﬂowers are established.

Horticulture – 24-2-11 granular along with herbicide and insecticide was applied in Pine Lakes, Black Creek, Eagle Nest, Eagle Perch and The Crossings to include Bifen XTS @ 7oz per acre, Acelpryn Extra @ 20oz per acre, Speed zone @ 48oz per acre (IPM), Certainty @ 1oz per acre (IPM). The target for this application is to increase green up and turf health.

Irrigation – While we are still so dry, the irrigation team is being vigilant and watching irrigation closely. At the same time, our ﬁeld team is looking closely for hot spots and turning on zones manually as needed to prevent dry spots as they occur. This will continue until we begin to see proper rainfall. Flower beds continue to be bled on manually to ensure extra watering throughout the day and over the weekends in attempt to boost establishment.

D.

Amenity Centers:
	1.	Swim Park
	a.	Operations are normal

	1.	Tennis/Pickleball Center
	a.	Operations are normal
Eagle Harbor Facility Report July 2026

	1.	Waterfront Park
	a.	Operations are normal.
	b.	Having an engineer inspect and research the cause of cracking pool tiles

	1.	Creekside
	a.	Researching additional security measures

	1.	Golf Course
	a.	Operations are normal.
	b.	Formulating a cart path renovation project.

	1.	Talons
	a.	Operations are normal.

Common Areas & Retention Ponds:

	1.	All lakes have been treated and inspected by the Lake Doctors. Due to the drought, pond levels have dramatically dropped which has created algae issues
	2.	Increased CCSO presence on EH Pkwy and Forest Park
	3.	Repaired numerous potential sidewalk trip hazards throughout the community

Misc:
	1.	Answered numerous phone calls, emails and visits from residents, contractors, vendors and other persons with inquiries. The subjects included, CCUA billing and repairs, golf course maintenance, easement encroachments, nutria, alligators, lake maintenance, FEMA, directions, repairs, drainage (both County and CDD owned), dead trees, vandalism, security, etc