FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
Suite 100, 707 Orchid Drive Naples, FL 34102
August 15, 2019 Board of Supervisors
Fronterra Community Development District Dear Board Members:
The Public Hearings and Regular Meeting of the Board of Supervisors of the Fronterra Community Development District will be held on August 15, 2019 at 1:30 p.m., at the Barron Collier Companies offices, 2600 Golden Gate Parkway, Naples, Florida 34105. The Regular Board Meeting agenda is as follows:

GENERAL DISTRICT ITEMS

Call to Order/Roll Call

Public Comment Period

ADMINISTRATIVE MATTERS

Consideration of the May 16, 2019 Regular Meeting Minutes	Exhibit 1

EGIS Insurance Proposal	Exhibit 2

Consideration of Resolution 2019-5. A resolution of the Board of Supervisors of the Fronterra Community Development District designating the officers of the District and providing for an effective date.

Exhibit 3

Consideration of Resolution 2019-6. A resolution of the Board of Supervisors of the Fronterra Community Development District adopting the annual meeting schedule for fiscal year 2019-2020; and providing for an effective date.

Exhibit 4

ORGANIZATIONAL MATTERS

None to be considered at this time

CONSTRUCTION RELATED MATTERS

None to be considered at this time

BUDGETARY MATTERS

OPEN PUBLIC HEARINGS

Public Comment

Consideration of Resolution 2019-7. The Annual Appropriation Resolution of the Fronterra Community Development District (“District”) relating to the Annual Appropriations and Adopting the Budgets for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020; Authorizing Budget Amendments; and Providing an Effective Date.
Exhibit 5

Budget Letter to Collier County	Exhibit 6

Consideration of Resolution 2019-8. A Resolution of the Board of Supervisors of the Fronterra Community Development District making a determination of Benefit and Imposing Special Assessment for Fiscal Year 2019/2020; Providing for the Collection and Enforcement of Special Assessments, including but not limited to Penalties and Interest Theron; Certifying an Assessment Roll; Providing a Severability Clause; and Providing an Effective Date.
Exhibit 7

Affidavit of Publication	Exhibit 8

Affidavit of Mailing	Exhibit 9

CLOSE PUBLIC HEARINGS

Consideration of Mattice accounting proposal	Exhibit 10

Consideration of July 31, 2019 Financial Statements	Exhibit 11

Ratification of FY 2017-2018 Audit	Exhibit 12

Ratification of District Management Representation Letter	Exhibit 13

FINANCING MATTERS

None to be considered at this time

OTHER MATTERS

Staff Reports

District Manager

District Counsel

District Engineer

Board Member Comments/Requests

Public Comments

Adjournment

EXHIBIT 1

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
Suite 100, 707 Orchid Drive
Naples, FL 34102
4
5
6	MINUTES OF MEETING
7
8	Board of Supervisors Meeting
9	Thursday, May 16, 2019, 1:33 p.m.
2600 Golden Gate Parkway
Naples, FL 34105
12
13	Present and constituting a quorum were:
14
Brian Goguen	Board Member
John English	Board Member
Jaime Lopez	Board Member
Mike Levak	Board Member (By Telephone) 19
20	Also present were:
21
Russ Weyer	District Manager, Real Estate Econometrics, Inc.
Brent Burford	District Engineer, Johnson Engineering, Inc. (By
Telephone)
Alyssa Willson	District Counsel, Hopping Green & Sams, P.A. (By
Telephone)
27
28	Absent was:
29
30	David Genson	Board Member 31
32
33	FIRST ORDER OF BUSINESS	Call to Order and Roll Call
34
Mr. Weyer called the meeting to order and proceeded with the roll call. The members in
attendance  are  as outlined above.	Mr. Weyer noted that the meeting was advertised
appropriately. 38
39
40	SECOND ORDER OF BUSINESS	Public Comments
41
Mr. Weyer noted that the Florida Statutes require that there be an opportunity for Public
Comment. 44
45	There were no public comments

1	THIRD ORDER OF BUSINESS	General District Items
2
Mr. Weyer presented proof of publication showing that the ad for the meeting had run in the Naples
Daily News. 5
6	FOURTH ORDER OF BUSINESS	Administrative Matters
7
8	Consideration of the February 21, 2019 Regular Meeting Minutes.
9
10	There was no discussion or changes suggested. 11
On  MOTION  by Mr.  Goguen  and  seconded  by  Mr.  Lopez  with  all  in  favor,  the  Board of
Supervisors  of  the  Fronterra  Community Development  District  approved  the  minutes  of the
14	February 21, 2019 Fronterra Community Development District Regular Meeting. 15
16	Update on Conveyance of Phase 1 & 2 Real Property to District
17
18	The deeds for Phase 1 & 2 were conveyed to the District back in January. 19
20	FOURTH ORDER OF BUSINESS	Organizational Matters
21
22	There were no organizational matters to be considered. 23
24
25	FIFTH ORDER OF BUSINESS	Budgetary Matters
26
Consideration of Resolution 2019-4 A RESOLUTION OF THE BOARD OF
SUPERVISORS	OF	THE	FRONTERRA	COMMUNITY	DEVELOPMENT
DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2019/2020;
DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGETS
PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING
PUBLIC	HEARINGS;	ADDRESSING	PUBLICATION;	ADDRESSING
SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
34
Mr. Weyer went through the budget and noted that the operating & maintenance budget is
the  same  as  last fiscal year.	It is primarily focused on administrative costs since the
maintenance is being handled by the HOA through our agreement with them.  Mr. Weyer
proposed a accounting services line item that in lieu of the District Manager raising his fee
to accommodate increased accounting services would allow for the District to secure the
services of an independent accounting firm. Mr. Weyer works with this firm with another
District and they charge $500 a month. 42
Mr. English verified that the assessment will go up approximately $40 per year or 10%
with this increase. 45

Mr. Goguen asked with the letter would go out letting the land owners know that the
assessments will be going up this year. Mr. Weyer noted that is would be this July. 3
Mr. English asked who was going to maintain the lakes? Mr. Weyer reported that the HOA
has been tasked with all of District improvements maintenance except for the entry sign
cleaning and electricity for that sign. 7
8	Mr. Goguen then stated that we should go with the $420 increase. 9
On MOTION by Mr. Goguen and seconded by Mr. English, with all in favor, the Board of
Supervisors of the Fronterra Community Development District approved Resolution 2019-4 which
approves the proposed budgets for FY 2019-2020 and sets Thursday, August 15th at 1:30 p.m. at
the Barron Collier Company offices for a public hearing to establish the assessments. 14
15	Consideration of the April 30, 2019 Financial Statements.
16
Mr. Weyer presented the District financial statements through April 2019. He said that the
District cash flow is at $12,000 in the account at the moment because most of the on-roll
assessments have come in already. He noted that he won’t be requesting a developer funding
agreement for a couple of months. 21
22	There was no further discussion. 23
On  MOTION  by Mr.  Lopez  and  seconded by  Mr.  Goguen,  with  all  in  favor,  the  Board of
Supervisors of the Fronterra Community Development District accepted the District financial
statements through April 30, 2019. 27
28
29
30	SEVENTH ORDER OF BUSINESS	Financing Matters
31
32	There were no financing matters to be considered. 33
34
35	EIGHTH ORDER OF BUSINESS	Staff Reports
36
37	6.	Staff Reports
38
39	A.	Manager’s Report –
40
41
He reported that the audit has been underway and is still scheduled to be completed
before the June 30th deadline. The Board authorized the Chairman to sign the Board
authorization letter and have it ratified at the August meeting. 45
46

On  MOTION  by Mr.  Goguen and  seconded by Mr.  Lopez,  with  all  in  favor,  the  Board  of
Supervisors of the Fronterra Community Development District authorized the Chairman to sign
the Board authorization letter and have it ratified at the August meeting. 4
Mr. Weyer advised the Board that the number of voters in Fronterra is 11 according
to the Collier County Supervisor of Elections. There was a discussion about the
number of registered voters within the District and its relation to the turnover of the
District from the Developer to the residents. 9
10	B.	Attorney’s Report –
11
Ms. Willson said she had just forwarded to Mr. Weyer the recorded deeds for the
District properties. 14
15	C.	Interim Engineer’s Report –
16
Mr. Burford reported that would get with Mr. Robson and update the assets
valuation list. Mr. Weyer asked Mr. Burford to please send the notes and photos
from their tour of the property with Mr. Weyer.. 20
21
22	NINTH ORDER OF BUSINESS	Supervisors’ Requests
23
24		There were no supervisors’ requests. 25	.
26
27	TENTH ORDER OF BUSINES	Public Comments
28
29	There were no public comments. 30
31
32

1	ELEVENTH ORDER OF BUSINESS	Adjournment
2
On MOTION by Mr. English and seconded by Mr. Lopez with all in favor, the meeting of the
Board of Supervisors of the Fronterra Community Development District was adjourned. 5
6
7
8	 		 		
9	Secretary/Assistant Secretary	Chairperson/Vice-Chairperson	
10			
11			
12	 		 		
13	Print Name	Print Name	

EXHIBIT 2

Egis Insurance & Risk Advisors
Is pleased to provide a Proposal of Insurance Coverage for:

Fronterra Community Development District

Please review the proposed insurance coverage terms and conditions carefully. Written request to bind must be received prior to the effective date of coverage.

The brief description of coverage contained in this document is being provided as an accommodation only and is not intended to cover or describe all Coverage Agreement terms. For more complete and detailed information relating to the scope and limits of coverage, please refer directly to the Coverage Agreement documents. Specimen forms are available upon request.

About FIA

Florida Insurance Alliance (“FIA”), authorized and regulated by the Florida Office of Insurance Regulation, is a non-assessable, governmental insurance Trust. FIA was created in September 2011 at a time when a large number of Special Taxing Districts were having difficulty obtaining insurance.
Primarily, this was due to financial stability concerns and a perception that these small to mid-sized Districts had a disproportionate exposure to claims. Even districts that were claims free for years could not obtain coverage. FIA was created to fill this void with the goal of providing affordable insurance coverage to Special Taxing Districts. Today, FIA proudly serves and protects more than 650 public entity members.

Competitive Advantage
FIA allows qualifying Public Entities to achieve broad, tailored coverages with a cost-effective insurance program. Additional program benefits include:
Insure-to-value property limits with no coinsurance penalties
First dollar coverage for “alleged” public official ethics violations
Proactive in-house claims management and loss control department
Complimentary risk management services including on-site loss control, property schedule verification and contract reviews
Online Risk Management Education & Training portal
Online HR & Benefits Support portal
HR Hotline
Safety Partners Matching Grant Program

How are FIA Members Protected?
FIA employs a conservative approach to risk management. Liability risk retained by FIA is fully funded prior to the policy term through member premiums. The remainder of the risk is transferred to reinsurers. FIA’s primary reinsurers, Lloyds of London and Hudson Insurance Company, both have AM Best A XV (Excellent) ratings and surplus of $2Billion or greater.

In the event of catastrophic property losses due to a Named Storm (i.e., hurricane), the program bears no risk as all losses are passed on to the reinsurers. FIA purchases property reinsurance to withstand the 1,000- year storm event (probability of exceedance .1%). This level of protection is statistically 2 to 3 times safer than competitors and industry norms. FIA members’ property claims resulting from Hurricane Irma in 2017 amounted to less than 4% of the per occurrence coverage available.

What Are Members Responsible For?
As a non-assessable Trust, our members are only responsible for two items:
Annual Premiums
Individual Member Deductibles

FIA Bylaws prohibit any assessments or other fees.

Additional information regarding FIA and our member services can be found at www.fia360.org.

Quotation being provided for:

Fronterra Community Development District c/o Real Estate Econometrics, Inc.
707 Orchid Drive, Suite 100
Naples, FL 34102

Term: October 1, 2019 to October 1, 2020

Quote Number: 100119295

PROPERTY COVERAGE

SCHEDULE OF COVERAGES AND LIMITS OF COVERAGE COVERED PROPERTY
Total Insured Values – Blanket Building and Contents – Per Schedule on file totalling	Not Included Loss of Business Income	Not Included
Additional Expense	Not Included
Inland Marine
Scheduled Inland Marine	Not Included

It is agreed to include automatically under this Insurance the interest of mortgagees and loss payees where applicable without advice.

	Valuation	Coinsurance	
Property	Replacement Cost	None	
Inland Marine	Actual Cash Value	None	

DEDUCTIBLES:	Not Applicable	Per Occurrence, All other Perils, Building & Contents and
Extensions of Coverage.
Not Applicable	Total Insured Values per building, including vehicle values, for “Named Storm” at each affected location throughout Florida subject to a minimum of Not Applicable per occurrence, per Named Insured.
Per Attached Schedule	Inland Marine

	Special Property Coverages		
Coverage	Deductibles	Limit	
Earth Movement	Not Applicable	Not Included	
Flood
Boiler & Machinery TRIA	Not Applicable	Not Included
Not Included Not Included	
*Except for Zones A & V see page 8 (Terms and Conditions) excess of NFIP, whether purchased or not

TOTAL PROPERTY PREMIUM	Not Included

Extensions of Coverage
If marked with an "X" we will cover the following EXTENSIONS OF COVERAGE under this Agreement, These limits of liability do not increase any other applicable limit of liability.

(X)	Code	Extension of Coverage	Limit of Liability
A	Accounts Receivable	$500,000 in any one occurrence B	Animals	$1,000 any one Animal
$5,000 Annual Aggregate in any one agreement period
As declared on Property Schedule, except new buildings being erected

Buildings Under Construction

at sites other than a covered location which is limited to $250,000 estimated final contract value any one construction project.

Debris Removal Expense	$250,000 per insured or 25% of loss, whichever is greater Demolition Cost,

Operation of Building
Laws and Increased Cost of
Construction

$500,000 in any one occurrence

Duty to Defend	$100,000 any one occurrence
Errors and Omissions		$250,000 in any one occurrence H		Expediting Expenses		$250,000 in any one occurrence I	Fire Department Charges	$50,000 in any one occurrence
Fungus Cleanup Expense	$50,000 in the annual aggregate in any one occurrence

Lawns, Plants, Trees and Shrubs

$50,000 in any one occurrence

Leasehold Interest	Included M	Air Conditioning Systems	Included
$1,000,000 in any one occurrence for up to 90 days, except 60 days for

New locations of current Insureds

Personal property of Employees

Dade, Broward, Palm Beach from the date such new location(s) is first purchased, rented or occupied whichever is earlier. Monroe County on prior submit basis only
$500,000 in any one occurrence

Pollution  Cleanup Expense    $50,000 in any one occurrence Q	Professional Fees	$50,000 in any one occurrence R	Recertification of Equipment Included
Service Interruption Coverage $500,000 in any one occurrence
Transit	$1,000,000 in any one occurrence

Vehicles as Scheduled Property

Included

Preservation of Property	$250,000 in any one occurrence

Property at Miscellaneous Unnamed Locations
Piers, docs and wharves as Scheduled Property

$250,000 in any one occurrence Included on a prior submit basis only

	Y	Glass and Sanitary Fittings Extension	$25,000 any one occurrence	
	Z	Ingress / Egress	45 Consecutive Days	
	AA	Lock and Key Replacement	$2,500 any one occurrence	
	BB	Awnings, Gutters and Downspouts	Included	
	CC	Civil or Military Authority	45 Consecutive days and one mile	
	Section II B1	Business Income	$1,000,000 in any one occurrence	
	Section II B2	Additional Expenses	$1,000,000 in any one occurrence	
	FIA 120	Active Assailant(s)	$1,000,000 in any one occurrence	

CRIME COVERAGE		
Description	Limit	Deductible	
Forgery and Alteration	Not Included	Not Included	
Theft, Disappearance or Destruction	Not Included	Not Included	
Computer Fraud including Funds Transfer Fraud	Not Included	Not Included	
Employee Dishonesty, including faithful performance, per loss	Not Included	Not Included	

AUTOMOBILE COVERAGE			

COVERAGES	SYMBOL	LIMIT	DEDUCTIBLE	
LIABILITY	N/A	Not Included	Not Included	
HIRED NON OWNED LIABILITY	8,9	$1,000,000	$0	
PERSONAL INJURY PROTECTION	5	STATUTORY	$0	
AUTO MEDICAL PAYMENTS	N/A	Not Included	Not Included	
UNINSURED MOTORISTS/ UNDERINSURED MOTORISTS	N/A	Not Included	Not Included	
AUTO PHYSICAL DAMAGE	N/A	Not Included	Not Included	
Symbol 8, 9 Hired Non-Owned Autos only

GENERAL LIABILITY COVERAGE (Occurrence Basis)		
Bodily Injury and Property Damage Limit	$1,000,000	
Personal Injury and Advertising Injury	Included	
Products & Completed Operations Aggregate Limit	Included	
Employee Benefits Liability Limit, per person	$1,000,000	
Herbicide & Pesticide Aggregate Limit	$1,000,000	
Medical Payments Limit	$5,000	
Fire Damage Limit	Included	
No fault Sewer Backup Limit	$25,000/$250,000	
General Liability Deductible	$0	
PUBLIC OFFICIALS AND EMPLOYMENT PRACTICES LIABILITY (Claims Made)
Public Officials and Employment Practices Liability Limit	Per Claim	

$1,000,000	
Aggregate	$2,000,000	
Public Officials and Employment Practices Liability Deductible	$0	

Supplemental Payments: Pre-termination $2,500 per employee - $5,000 annual aggregate. Non-Monetary $100,000 aggregate.

Cyber Liability sublimit included under POL/EPLI Media Content Services Liability
Network Security Liability
Privacy Liability
First Party Extortion Threat First Party Crisis Management
First Party Business Interruption
Limit: $100,000 each claim/annual aggregate

PREMIUM SUMMARY

Fronterra Community Development District c/o Real Estate Econometrics, Inc.
707 Orchid Drive, Suite 100
Naples, FL 34102

Term: October 1, 2019 to October 1, 2020

Quote Number: 100119295

PREMIUM BREAKDOWN
Property (Including Scheduled Inland Marine)	Not Included

Crime	Not Included

Automobile Liability	Not Included

Hired Non-Owned Auto	Included

Auto Physical Damage	Not Included

General Liability	$2,947

Public Officials and Employment Practices Liability	$2,434

TOTAL PREMIUM DUE	$5,381

IMPORTANT NOTE
Defense Cost - Outside of Limit, Does Not Erode the Limit for General Liability, Public Officials Liability, and Employment related Practices Liability.

Deductible does not apply to defense cost. Self-Insured Retention does apply to defense cost.

Additional Notes: (None)

PARTICIPATION AGREEMENT
Application for Membership in the Florida Insurance Alliance

The undersigned local governmental entity, certifying itself to be a public agency of the State of Florida as defined in Section 163.01, Florida Statutes, hereby formally makes application with the Florida Insurance Alliance (“FIA”) for continuing liability and/or casualty coverage through membership in FIA, to become effective 12:01 a.m., 10/01/2019, and if accepted by the FIA’s duly authorized representative, does hereby agree as follows:

That, by this reference, the terms and provisions of the Interlocal Agreement creating the Florida Insurance Alliance are hereby adopted, approved and ratified by the undersigned local governmental entity. The undersigned local governmental entity certifies that it has received a copy of the aforementioned Interlocal Agreement and further agrees to be bound by the provisions and obligations of the Interlocal Agreement as provided therein;

To pay all premiums on or before the date the same shall become due and, in the event Applicant fails to do so, to pay any reasonable late penalties and charges arising therefrom, and all costs of collection thereof, including reasonable attorneys’ fees;

To abide by the rules and regulations adopted by the Board of Directors;

That should either the Applicant or the Fund desire to cancel coverage; it will give not less than thirty
(30) days prior written notice of cancellation;

That all information contained in the underwriting application provided to FIA as a condition precedent to participation in FIA is true, correct and accurate in all respects.

Fronterra Community Development District

(Name of Local Governmental Entity)

By:    		 	
Signature	Print Name

Witness By:   		 	
Signature	Print Name

IS HEREBY APPROVED FOR MEMBERSHIP IN THIS FUND, AND COVERAGE IS EFFECTIVE October 1, 2019

By:   	
Administrator

EXHIBIT 3

RESOLUTION 2019-5

A RESOLUTION OF THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT DESIGNATING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of Fronterra Community Development District desires to elect the below recited persons to the office specified.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
The following persons are appointed to the offices shown, to wit: David Genson	Chairman
Brian Goguen	Vice Chairman
Russ Weyer	Secretary
Russ Weyer	Treasurer
John English	Assistant Secretary
Mike Levak	Assistant Secretary
Jamie Lopez	Assistant Secretary

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 15th day of August, 2019.

ATTEST:

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

EXHIBIT 4

RESOLUTION 2019-6

A RESOLUTION OF THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2019-2020; AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Fronterra Community Development District (the “District”) is a local unit of special-purpose government organized and existing in accordance with Chapter 190, Florida Statutes, being situated entirely within Collier County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes to file quarterly, semiannually or annually a schedule (including date, time and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semiannually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the County in which the District is located.

WHEREAS, the Board desires to adopt a Fiscal Year 2019-2020 annual meeting schedule attached as Exhibit A.

NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

The Fiscal Year 2019-2020 annual public meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and will be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 15th day of August, 2019.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
ATTEST:

Secretary / Assistant Secretary	Chairman / Vice Chairman

EXHIBIT “A”

BOARD OF SUPERVISORS MEETING DATES FRONTERRA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019-2020

The Board of Supervisors of the Fronterra Community Development District will hold their regular meetings for Fiscal Year 2019-2020 at the offices of the Barron Collier Companies, 2600 Golden Gate Parkway, Naples, FL 34105 at 1:30 p.m. unless otherwise indicated as follows:

October 17, 2019
November 21, 2019
December 19, 2019
January 16, 2020
February 20, 2020
March 19, 1020
April 16, 2020
May 21, 2020
June 18, 2020
July  16, 2020
August 20, 2020
September 17, 2020

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting.

There may be occasions when one or more Supervisors will participate by telephone.

Any person requiring special accommodations at a meeting because of a disability or physical impairment should contact the District Office at (239) 269-1341 at least two calendar days prior to the meeting.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

EXHIBIT 5

RESOLUTION 2019-7

THE ANNUAL APPROPRIATION RESOLUTION OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors (“Board”) of the Fronterra Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2019 and ending September 30, 2020 (“Fiscal Year 2019/2020”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

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

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

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

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Fronterra Community Development District for the Fiscal Year Ending September 30, 2020.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2019/2020, the sum of $249.787.62 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 64,675.00	
DEBT SERVICE FUND – SERIES 2017	$ 185,112.62	
TOTAL ALL FUNDS	$ 249,787.62	
SECTION 3. BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2019/2020 or within 60 days following the end of the Fiscal Year 2019/2020 may amend its Adopted Budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE.

This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 15th DAY OF AUGUST, 2019.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Fiscal Year 2019/2020 Budget

EXHIBIT A

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT PROPOSED FY 2019-2020 BUDGET
O&M GENERAL FUND

	BUDGET	
REVENUES		
ON-ROLL ASSESSMENTS	$	64,675	
DEVELOPER CONTRIBUTION		
INTEREST REVENUE
MISCELLANEIOUS REVENUE		
TOTAL REVENUES	$	64,675	

EXPENDITURES		
ADMINISTRATIVE		
BOARD OF SUPERVISORS PAYROLL	$	-	
PAYROLL TAXES	-	
PAYROLL SERVICE FEE	-	
MANAGEMENT CONSULTING SERVICES	15,000	
ASSESSMENT ADMINISTRATION	12,000	
ASSESSMENT ROLL PREPARATION	 	1,250	
MISCELLANEOUS	250	
STORAGE FEES	900	
ACCOUNTING SERVICES	 	3,900	
BANK CHARGES	-	
AUDITING	5,000	
INSURANCE (Liability, Property & Casuality)	 	5,400	
LEGAL ADVERTISING	2,400	
REGULATORY AND PERMIT FEES	175	
LEGAL SERVICES	10,000	
ENGINEERING SERVICES - General	5,000	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES	 	1,200	
TOTAL ADMINISTRATIVE EXPENDITURES	$	62,475	

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF
LANDSCAPING & FIELD MAINTENANCE	$	-
LANDSCAPE REPLACEMENT	-
LANDSCAPE MULCHING	-
IRRIGATION REPAIRS	-
ELECTRICITY	1,200
WATER USE MONITORING	-
ENTRY MONUMENTS MAINTENANCE	1,000 WETLAND MONITORING		-
SFWMD ERP ANNUAL REPORT	-
LAKE MAINTENANCE	-
TOTAL FIELD OPERATIONS EXPENDITURES	$	2,200

TOTAL EXPENDITURES

$	64,675

Balance  $	-

154 Lots =  $	419.97

Fronterra Community Development District Debt Service Fund - Series 2017 Bonds
FY 2019-2020 Proposed Budget

REVENUE (1)
Balance in Account (May 1, 2019)
Assessment Off-Roll (from FY 2019-20 Off Roll Payment) Assessment On-Roll
Capitalized Interest Discounts
Total Revenue

$	1,490.79
$	71,775.00
$	185,112.62
$	-
$	-

$	258,378.41

EXPENDITURES
INTEREST EXPENSE
November 1, 2019 (From FY 2019 Off Roll Assessment Payment) May 1, 2020
PRINCIPAL
May 1, 2020
Total Expenditures

$	71,775.00
$	71,775.00

$	40,000.00

$	183,550.00

Carry Forward for November, 2020 Interest Payment
INTEREST EXPENSE
November 1, 2020

$	74,828.41

$	71,775.00

Total Revenue over Expenditures	$	3,053.41

Allocation of Maximum Annual Debt Service

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

On Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

Off Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	0  $	1,202.03	$	-

Total	$ 185,112.62

- Following the adoption for the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to property owners as of this "date of record" and will utilize the appropriate on-roll and
off-roll collection methods to collect its assessments.assessments and related

EXHIBIT 6

FRONTERRA
COMMUNITY DEVELOPMENT DISTRICT
C/0 Real Estate Econometrics, Inc. •707 Orchid Drive, Suite 100 • Naples, FL 34102
(239) 269-1341 • rweyer@ree-i.com

June 13, 2019

Ms. Valerie Fleming Operations Coordinator Collier County Government
Office of Management and Budget 3299 Tamiami Trail E, Ste 201
Naples, FL 34112-5746

RE:	Fronterra Community Development District- Collier County, Florida Proposed Budget - Fiscal Year 2019-2020

Dear Ms. Fleming:

In accordance with Chapter 189 and 190.008(2)(b) ofthe Florida Statutes, the District is required to submit to the local governing authorities having jurisdiction over the area included in the Fronterra Community Development District ("District"), for purposes of disclosure and information only, the proposed annual budget for the ensuing fiscal year.

As such, I am pleased to enclose the District's Proposed Budget for Fiscal Year 2019-2020, which was approved at a general meeting on May 16, 2019. A public hearing on the final budget will be held on August 15, 2019.

If you have any questions regarding this matter, please call me at (239) 269-1341. Sincerely,

G. Russell Weyer President
Real Estate Econometrics, Inc. District Manager

Encl.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT PROPOSED FY 2019-2020 BUDGET
O&M GENERAL FUND

REVENUES
ON-ROLL ASSESSMENTS DEVELOPER CONTRIBUTION INTEREST REVENUE MISCELLANEIOUS REVENUE TOTAL REVENUES

EXPENDITURES

ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL PAYROLL TAXES
PAYROLL SERVICE FEE
MANAGEMENT CONSULTING SERVICES ASSESSMENT ADMINISTRATION ASSESSMENT ROLL PREPARATION MISCELLANEOUS
STORAGE FEES ACCOUNTING SERVICES BANK CHARGES AUDITING
INSURANCE (Liability, Property & Casuality) LEGAL ADVERTISING
REGULATORY AND PERMIT FEES LEGAL SERVICES
ENGINEERING SERVICES - General WEBSITE DESIGN & HOSTING MISCELLANEOUS SERVICES
TOTAL ADMINISTRATIVE EXPENDITURES

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE LANDSCAPE REPLACEMENT
LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY
WATER USE MONITORING
ENTRY MONUMENTS MAINTENANCE WETLAND MONITORING
SFWMD ERP ANNUAL REPORT LAKE MAINTENANCE
TOTAL FIELD OPERATIONS EXPENDITURES TOTAL EXPENDITURES

BUDGET

$   64,675

$   64,675

$

15,000
12,000

250
900
6,000

5,000
5,250
2,400
175
10,000
5,000
500

$   62,475

$
$
$
$
$	1,200
$
$	1,000
$
$
$
$	2,200

$   64,675

154 Platted Homesites

7.65%
$39 per Payroll
$1,250/Month
Lien Book, MBS Capital, Tax Collector, U.S. Bank Assessment Roll Preparation for Tax Collector Office Supplies, etc.
Offsite File Storage@ $75/month Mattice Business Services - $500/month

Audit required since Bonds are issued DAO Insurance
4 Ads at $300/each and 2 Ads at $600/each State Filing Fee
Hopping Green & Sams Johnson Engineering Required by State Law

Approximately $100/month Approximately $100/month Front Signage Cardno Entrix@ $200/month
Pressure Cleaning, Painting, etc. Approximatly $100/month monitoring Annual
$1,500 per month per lake

Balance $

154 Lots= $ 419.97 Per Lot

Fronterra Community Development District Debt Service Fund - Series 2017 Bonds
FY 2019-2020 Proposed Budget

REVENUE (1)
Balance in Account (May 1, 2019)
Assessment Off-Roll (from FY 2019-20 Off Roll Payment) Assessment On-Roll
Capitalized Interest Discounts
Total Revenue

EXPENDITURES
INTEREST EXPENSE
November 1, 2019 (From FY 2019 Off Roll Assessment Payment) May 1, 2020
PRINCIPAL
May 1, 2020
Total Expenditures

Carry Forward for November, 2020 Interest Payment
INTEREST EXPENSE
November 1, 2020

Total Revenue over Expenditures

Allocation of Maximum Annual Debt Service

$	1,490.79
$	71,775.00
$	185,112.62
$
$
$	258,378.41

$	71,775.00
$	71,775.00

$	40,000.00
$	183,550.00

$	74,828.41

$	71,775.00

$	3,053.41

Net Assessment

Single Family Land Use	Units	Per Unit	Total

Single Family

On Roll Assessments
Single Family Land Use	Units
Single Family

Off Roll Assessments

1,202.03	$ 185,112.62

Net Assessment
Per Unit	Total
1,202.03 $ 185,112.62

Net Assessment

Single Family Land Use	Units	Per Unit	Total
Single Family	0  $	1,202.03	$

Total

- Following the adoption for the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to property owners as of this "date of record" and will utilize the appropriate on-roll and
off-roll collection methods to collect its assessments.assessments and related

$ 185,112.62

EXHIBIT 7

RESOLUTION 2019-8

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2019/2020; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Fronterra Community Development District (“District”) is a local unit  of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Collier County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2019 and ending September 30, 2020 (“Fiscal Year 2019/2020”), attached hereto as Exhibit “A” and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2019/2020; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Fronterra Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby  finds  and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.”  The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall  keep  apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 15th day of August, 2019.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairman, Board of Supervisors

Exhibit A:	Budget
Exhibit B:	Assessment Roll

EXHIBIT A

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT PROPOSED FY 2019-2020 BUDGET
O&M GENERAL FUND

	BUDGET	
REVENUES		
ON-ROLL ASSESSMENTS	$	64,675	
DEVELOPER CONTRIBUTION		
INTEREST REVENUE
MISCELLANEIOUS REVENUE		
TOTAL REVENUES	$	64,675	

EXPENDITURES		
ADMINISTRATIVE		
BOARD OF SUPERVISORS PAYROLL	$	-	
PAYROLL TAXES	-	
PAYROLL SERVICE FEE	-	
MANAGEMENT CONSULTING SERVICES	15,000	
ASSESSMENT ADMINISTRATION	12,000	
ASSESSMENT ROLL PREPARATION	 	1,250	
MISCELLANEOUS	250	
STORAGE FEES	900	
ACCOUNTING SERVICES	 	3,900	
BANK CHARGES	-	
AUDITING	5,000	
INSURANCE (Liability, Property & Casuality)	 	5,400	
LEGAL ADVERTISING	2,400	
REGULATORY AND PERMIT FEES	175	
LEGAL SERVICES	10,000	
ENGINEERING SERVICES - General	5,000	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES	 	1,200	
TOTAL ADMINISTRATIVE EXPENDITURES	$	62,475	

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF
LANDSCAPING & FIELD MAINTENANCE	$	-
LANDSCAPE REPLACEMENT	-
LANDSCAPE MULCHING	-
IRRIGATION REPAIRS	-
ELECTRICITY	1,200
WATER USE MONITORING	-
ENTRY MONUMENTS MAINTENANCE	1,000 WETLAND MONITORING		-
SFWMD ERP ANNUAL REPORT	-
LAKE MAINTENANCE	-
TOTAL FIELD OPERATIONS EXPENDITURES	$	2,200

TOTAL EXPENDITURES

$	64,675

Balance  $	-

154 Lots =  $	419.97

Fronterra Community Development District Debt Service Fund - Series 2017 Bonds
FY 2019-2020 Proposed Budget

REVENUE (1)
Balance in Account (May 1, 2019)
Assessment Off-Roll (from FY 2019-20 Off Roll Payment) Assessment On-Roll
Capitalized Interest Discounts
Total Revenue

$	1,490.79
$	71,775.00
$	185,112.62
$	-
$	-

$	258,378.41

EXPENDITURES
INTEREST EXPENSE
November 1, 2019 (From FY 2019 Off Roll Assessment Payment) May 1, 2020
PRINCIPAL
May 1, 2020
Total Expenditures

$	71,775.00
$	71,775.00

$	40,000.00

$	183,550.00

Carry Forward for November, 2020 Interest Payment
INTEREST EXPENSE
November 1, 2020

$	74,828.41

$	71,775.00

Total Revenue over Expenditures	$	3,053.41

Allocation of Maximum Annual Debt Service

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

On Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

Off Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	0  $	1,202.03	$	-

Total	$ 185,112.62

(1) - Following the adoption for the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to property owners as of this "date of record" and will utilize the appropriate on-roll and
off-roll collection methods to collect its assessments.assessments and related

EXHIBIT B

LOT NUMBER	PROPERTY IDENTIFICATION NUMBER	

OWNER	

ADDRESS	

O&M	
Debt Service	

Total	
1	34550000348	CCC FRONTERRA LLC	8721 MADRID CIR	$454.02	$1,299.49	$1,753.51	
2	34550000364	CCC FRONTERRA LLC	8725 MADRID CIR	$454.02	$1,299.49	$1,753.51	
3	34550000380	CCC FRONTERRA LLC	8729 MADRID CIR	$454.02	$1,299.49	$1,753.51	
4	34550000403	CCC FRONTERRA LLC	8733 MADRID CIR	$454.02	$1,299.49	$1,753.51	
5	34550000429	JACQUI LYNN HAMILTON	8737 MADRID CIR	$454.02	$1,299.49	$1,753.51	
6	34550000445	MICHAEL J MARCOTTE	8741 MADRID CIR	$454.02	$1,299.49	$1,753.51	
7	34550000461	OAKLEY H & CANDIA D KELLER, OAKLEY	8745 MADRID CIR	$454.02	$1,299.49	$1,753.51	
8	34550000487	WOJCIECH WOJTASIEWICZ	8749 MADRID CIR	$454.02	$1,299.49	$1,753.51	
9	34550000500	BRUNO GUERRERO	8753 MADRID CIR	$454.02	$1,299.49	$1,753.51	
10	34550000526	CARLOS A GALLEGO	8757 MADRID CIR	$454.02	$1,299.49	$1,753.51	
11	34550000542	JORGE RAFAEL NOLASCO	8761 MADRID CIR	$454.02	$1,299.49	$1,753.51	
12	34550000568	CESAR HERNANDEZ	8765 MADRID CIR	$454.02	$1,299.49	$1,753.51	
13	34550000584	MIHAI VUSCAN	8769 MADRID CIR	$454.02	$1,299.49	$1,753.51	
14	34550000607	HALA ALTAEE	8773 MADRID CIR	$454.02	$1,299.49	$1,753.51	
15	34550000623	BRANDON H & CHELSEA R JONES	8777 MADRID CIR	$454.02	$1,299.49	$1,753.51	
16	34550000649	ANCELOT SIMILIEN	8781 MADRID CIR	$454.02	$1,299.49	$1,753.51	
17	34550000665	KERRU & CHRISLANDE DERA	8785 MADRID CIR	$454.02	$1,299.49	$1,753.51	
18	34550000681	AIDA LUZ GUTIERREZ	8789 MADRID CIR	$454.02	$1,299.49	$1,753.51	
19	34550000704	FRANCISCO D & JENNIFER E FUENTES	8793 MADRID CIR	$454.02	$1,299.49	$1,753.51	
20	34550000720	MICHAEL B WELCH	8797 MADRID CIR	$454.02	$1,299.49	$1,753.51	
21	34550000746	CESAR & GABIRELLE GONZALEZ	8801 MADRID CIR	$454.02	$1,299.49	$1,753.51	
22	34550000762	FAUSTO GONZALEZ PEREZ	8805 MADRID CIR	$454.02	$1,299.49	$1,753.51	
23	34550000788	MARIA A NOLASCO	8809 MADRID CIR	$454.02	$1,299.49	$1,753.51	
24	34550000801	CALVIN J LILLION	8813 MADRID CIR	$454.02	$1,299.49	$1,753.51	
25	34550000827	REYNA PRADO	8817 MADRID CIR	$454.02	$1,299.49	$1,753.51	
26	34550000843	RACIEL GOMEZ RODRIGUEZ	8821 MADRID CIR	$454.02	$1,299.49	$1,753.51	
27	34550000869	CCC FRONTERRA LLC	8825 MADRID CIR	$454.02	$1,299.49	$1,753.51	
28	34550000885	CCC FRONTERRA LLC	8829 MADRID CIR	$454.02	$1,299.49	$1,753.51	
29	34550000908	LJUPCO & NATASA POPOV	8833 MADRID CIR	$454.02	$1,299.49	$1,753.51	
30	34550000924	KATHLEEN MARIE CARRIGAN	8837 MADRID CIR	$454.02	$1,299.49	$1,753.51	
31	34550000940	BLAS AGUIRRE VALDEZ	8843 MADRID CIR	$454.02	$1,299.49	$1,753.51	
32	34550000966	JASON LINARDICH	8847 MADRID CIR	$454.02	$1,299.49	$1,753.51	
33	34550000982	WILLIM J & JEANNIE G BALZARINI JR	8851 MADRID CIR	$454.02	$1,299.49	$1,753.51	
34	34550001004	CCC FRONTERRA LLC	8855 MADRID CIR	$454.02	$1,299.49	$1,753.51	
35	34550001020	F SALVINO DE OLIVERA FILHO	8859 MADRID CIR	$454.02	$1,299.49	$1,753.51	
36	34550001046	RENATO DE OLIVEIRA	8863 MADRID CIR	$454.02	$1,299.49	$1,753.51	
37	34550001062	LESSER & IRIS KURTZ GONZALEZ	8867 MADRID CIR	$454.02	$1,299.49	$1,753.51	
38	34550001088	ERICK TODD HERNANDEZ	8871 MADRID CIR	$454.02	$1,299.49	$1,753.51	
39	34550001101	CCC FRONTERRA LLC	8875 MADRID CIR	$454.02	$1,299.49	$1,753.51	
40	34550001127	DOUGLAS & CARMEN M LOPEZ BELLO	8879 MADRID CIR	$454.02	$1,299.49	$1,753.51	

LOT NUMBER	PROPERTY IDENTIFICATION NUMBER	

OWNER	

ADDRESS	

O&M	
Debt Service	

Total	
42	34550001169	CCC FRONTERRA LLC	8862 MADRID CIR	$454.02	$1,299.49	$1,753.51	
43	34550001185	CCC FRONTERRA LLC	8858 MADRID CIR	$454.02	$1,299.49	$1,753.51	
44	34550001208	JOHN & SHANNON MCGEE	8854 MADRID CIR	$454.02	$1,299.49	$1,753.51	
45	34550001224	FRANCISCO & MARIA E CUADRADO VEGA VINCENTI	8832 MADRID CIR	$454.02	$1,299.49	$1,753.51	
46	34550001240	CCC FRONTERRA LLC	8828 MADRID CIR	$454.02	$1,299.49	$1,753.51	
47	34550001266	CCC FRONTERRA LLC	8824 MADRID CIR	$454.02	$1,299.49	$1,753.51	
48	34550001282	CCC FRONTERRA LLC	8820 MADRID CIR	$454.02	$1,299.49	$1,753.51	
49	34550001305	CCC FRONTERRA LLC	8816 MADRID CIR	$454.02	$1,299.49	$1,753.51	
50	34550001321	CCC FRONTERRA LLC	8812 MADRID CIR	$454.02	$1,299.49	$1,753.51	
51	34550001347	CCC FRONTERRA LLC	8808 MADRID CIR	$454.02	$1,299.49	$1,753.51	
52	34550001363	CCC FRONTERRA LLC	8804 MADRID CIR	$454.02	$1,299.49	$1,753.51	
53	34550001389	CCC FRONTERRA LLC	8800 MADRID CIR	$454.02	$1,299.49	$1,753.51	
54	34550001402	EDDY H & FELEINE T CARRASCO	8796 MADRID CIR	$454.02	$1,299.49	$1,753.51	
55	34550001428	VIOLETA FELICIA LUP	8792 MADRID CIR	$454.02	$1,299.49	$1,753.51	
56	34550001444	CCC FRONTERRA LLC	8788 MADRID CIR	$454.02	$1,299.49	$1,753.51	
57	34550001460	CCC FRONTERRA LLC	8784 MADRID CIR	$454.02	$1,299.49	$1,753.51	
58	34550001486	LORI MCAULEY	8780 MADRID CIR	$454.02	$1,299.49	$1,753.51	
59	34550001509	ROBERT F & HONGNA PANG KARLSON	8776 MADRID CIR	$454.02	$1,299.49	$1,753.51	
60	34550001525	ERICA L CIRILLO	8772 MADRID CIR	$454.02	$1,299.49	$1,753.51	
61	34550001541	SON & THUY DIEM VO NGUYEN	8768 MADRID CIR	$454.02	$1,299.49	$1,753.51	
62	34550001567	JIMMY & NHU THI CAM NGUYEN	8764 MADRID CIR	$454.02	$1,299.49	$1,753.51	
63	34550001583	CCC FRONTERRA LLC	8760 MADRID CIR	$454.02	$1,299.49	$1,753.51	
64	34550001606	LILIAM MARIE LANDAVAZO	8756 MADRID CIR	$454.02	$1,299.49	$1,753.51	
65	34550001622	HUANG, SUSAN	8748 MADRID CIR	$454.02	$1,299.49	$1,753.51	
66	34550001648	MICHAEL LEE	8744 MADRID CIR	$454.02	$1,299.49	$1,753.51	
67	34550001664	LAWRENCE G & HEDY Z ECKLES	8740 MADRID CIR	$454.02	$1,299.49	$1,753.51	
68	34550001680	PANKAJ J MALIK	8736 MADRID CIR	$454.02	$1,299.49	$1,753.51	
69	34550001703	ARNOLD BEAUVAIS	8732 MADRID CIR	$454.02	$1,299.49	$1,753.51	
70	34550001729	JASON F & KRISTA N COLLETT	8728 MADRID CIR	$454.02	$1,299.49	$1,753.51	
71	34550001745	JONAS THOMPSON	8724 MADRID CIR	$454.02	$1,299.49	$1,753.51	
72	34550001761	XIAONING KOU	8720 MADRID CIR	$454.02	$1,299.49	$1,753.51	
73	34550002061	CCC FRONTERRA LLC	9068 MADRID CIR	$454.02	$1,299.49	$1,753.51	
74	34550002087	CCC FRONTERRA LLC	9064 MADRID CIR	$454.02	$1,299.49	$1,753.51	
75	34550002100	CCC FRONTERRA LLC	9060 MADRID CIR	$454.02	$1,299.49	$1,753.51	
76	34550002126	CCC FRONTERRA LLC	9056 MADRID CIR	$454.02	$1,299.49	$1,753.51	
77	34550002142	CCC FRONTERRA LLC	9052 MADRID CIR	$454.02	$1,299.49	$1,753.51	
78	34550002168	CCC FRONTERRA LLC	9048 MADRID CIR	$454.02	$1,299.49	$1,753.51	
79	34550002184	CCC FRONTERRA LLC	9044 MADRID CIR	$454.02	$1,299.49	$1,753.51	
80	34550002207	CCC FRONTERRA LLC	9014 MADRID CIR	$454.02	$1,299.49	$1,753.51	
81	34550002223	CCC FRONTERRA LLC	9010 MADRID CIR	$454.02	$1,299.49	$1,753.51	

LOT NUMBER	PROPERTY IDENTIFICATION NUMBER	

OWNER	

ADDRESS	

O&M	
Debt Service	

Total	
83	34550002265	CCC FRONTERRA LLC	9000 MADRID CIR	$454.02	$1,299.49	$1,753.51	
84	34550002281	CCC FRONTERRA LLC	8996 MADRID CIR	$454.02	$1,299.49	$1,753.51	
85	34550002304	CCC FRONTERRA LLC	8992 MADRID CIR	$454.02	$1,299.49	$1,753.51	
86	34550002320	CCC FRONTERRA LLC	8988 MADRID CIR	$454.02	$1,299.49	$1,753.51	
87	34550002346	CCC FRONTERRA LLC	8984 MADRID CIR	$454.02	$1,299.49	$1,753.51	
88	34550002362	CCC FRONTERRA LLC	8980 MADRID CIR	$454.02	$1,299.49	$1,753.51	
89	34550002388	CCC FRONTERRA LLC	8976 MADRID CIR	$454.02	$1,299.49	$1,753.51	
90	34550002401	CCC FRONTERRA LLC	8972 MADRID CIR	$454.02	$1,299.49	$1,753.51	
91	34550002427	CCC FRONTERRA LLC	8968 MADRID CIR	$454.02	$1,299.49	$1,753.51	
92	34550002443	CCC FRONTERRA LLC	8960 MADRID CIR	$454.02	$1,299.49	$1,753.51	
93	34550002469	CCC FRONTERRA LLC	8956 MADRID CIR	$454.02	$1,299.49	$1,753.51	
94	34550002485	CCC FRONTERRA LLC	8952 MADRID CIR	$454.02	$1,299.49	$1,753.51	
95	34550002508	CCC FRONTERRA LLC	8948 MADRID CIR	$454.02	$1,299.49	$1,753.51	
96	34550002524	CCC FRONTERRA LLC	8944 MADRID CIR	$454.02	$1,299.49	$1,753.51	
97	34550002540	CCC FRONTERRA LLC	8940 MADRID CIR	$454.02	$1,299.49	$1,753.51	
98	34550002566	CCC FRONTERRA LLC	8936 MADRID CIR	$454.02	$1,299.49	$1,753.51	
99	34550002582	CCC FRONTERRA LLC	8932 MADRID CIR	$454.02	$1,299.49	$1,753.51	
100	34550002605	CCC FRONTERRA LLC	8928 MADRID CIR	$454.02	$1,299.49	$1,753.51	
101	34550002621	CCC FRONTERRA LLC	8924 MADRID CIR	$454.02	$1,299.49	$1,753.51	
102	34550002647	CCC FRONTERRA LLC	8920 MADRID CIR	$454.02	$1,299.49	$1,753.51	
103	34550002663	CCC FRONTERRA LLC	8916 MADRID CIR	$454.02	$1,299.49	$1,753.51	
104	34550002689	CCC FRONTERRA LLC	8912 MADRID CIR	$454.02	$1,299.49	$1,753.51	
105	34550002702	CCC FRONTERRA LLC	8908 MADRID CIR	$454.02	$1,299.49	$1,753.51	
106	34550002728	CCC FRONTERRA LLC	8904 MADRID CIR	$454.02	$1,299.49	$1,753.51	
107	34550002744	CCC FRONTERRA LLC	8900 MADRID CIR	$454.02	$1,299.49	$1,753.51	
108	34550002760	CCC FRONTERRA LLC	8896 MADRID CIR	$454.02	$1,299.49	$1,753.51	
109	34550002786	CCC FRONTERRA LLC	8887 MADRID CIR	$454.02	$1,299.49	$1,753.51	
110	34550002809	CCC FRONTERRA LLC	8891 MADRID CIR	$454.02	$1,299.49	$1,753.51	
111	34550002825	CCC FRONTERRA LLC	8895 MADRID CIR	$454.02	$1,299.49	$1,753.51	
112	34550002841	CCC FRONTERRA LLC	8899 MADRID CIR	$454.02	$1,299.49	$1,753.51	
113	34550002867	CCC FRONTERRA LLC	8903 MADRID CIR	$454.02	$1,299.49	$1,753.51	
114	34550002883	CCC FRONTERRA LLC	8907 MADRID CIR	$454.02	$1,299.49	$1,753.51	
115	34550002906	CCC FRONTERRA LLC	8911 MADRID CIR	$454.02	$1,299.49	$1,753.51	
116	34550002922	CCC FRONTERRA LLC	8915 MADRID CIR	$454.02	$1,299.49	$1,753.51	
117	34550002948	CCC FRONTERRA LLC	8919 MADRID CIR	$454.02	$1,299.49	$1,753.51	
118	34550002964	CCC FRONTERRA LLC	8923 MADRID CIR	$454.02	$1,299.49	$1,753.51	
119	34550002980	CCC FRONTERRA LLC	8927 MADRID CIR	$454.02	$1,299.49	$1,753.51	
120	34550003002	CCC FRONTERRA LLC	8931 MADRID CIR	$454.02	$1,299.49	$1,753.51	
121	34550003028	CCC FRONTERRA LLC	8935 MADRID CIR	$454.02	$1,299.49	$1,753.51	
122	34550003044	CCC FRONTERRA LLC	8939 MADRID CIR	$454.02	$1,299.49	$1,753.51	

LOT NUMBER	PROPERTY IDENTIFICATION NUMBER	

OWNER		

ADDRESS	O&M	
Debt Service	

Total	
124	34550003086	CCC FRONTERRA LLC		8947 MADRID CIR	$454.02	$1,299.49	$1,753.51	
125	34550003109	CCC FRONTERRA LLC		8951 MADRID CIR	$454.02	$1,299.49	$1,753.51	
126	34550003125	CCC FRONTERRA LLC		8955 MADRID CIR	$454.02	$1,299.49	$1,753.51	
127	34550003141	CCC FRONTERRA LLC		8959 MADRID CIR	$454.02	$1,299.49	$1,753.51	
128	34550003167	CCC FRONTERRA LLC		8963 MADRID CIR	$454.02	$1,299.49	$1,753.51	
129	34550003183	CCC FRONTERRA LLC		8967 MADRID CIR	$454.02	$1,299.49	$1,753.51	
130	34550003206	CCC FRONTERRA LLC		8971 MADRID CIR	$454.02	$1,299.49	$1,753.51	
131	34550003222	CCC FRONTERRA LLC		8975 MADRID CIR	$454.02	$1,299.49	$1,753.51	
132	34550003248	CCC FRONTERRA LLC		8979 MADRID CIR	$454.02	$1,299.49	$1,753.51	
133	34550003264	CCC FRONTERRA LLC		8983 MADRID CIR	$454.02	$1,299.49	$1,753.51	
134	34550003280	CCC FRONTERRA LLC		8987 MADRID CIR	$454.02	$1,299.49	$1,753.51	
135	34550003303	CCC FRONTERRA LLC		8991 MADRID CIR	$454.02	$1,299.49	$1,753.51	
136	34550003329	CCC FRONTERRA LLC		8995 MADRID CIR	$454.02	$1,299.49	$1,753.51	
137	34550003345	CCC FRONTERRA LLC		8999 MADRID CIR	$454.02	$1,299.49	$1,753.51	
138	34550003361	CCC FRONTERRA LLC		9003 MADRID CIR	$454.02	$1,299.49	$1,753.51	
139	34550003387	CCC FRONTERRA LLC		9007 MADRID CIR	$454.02	$1,299.49	$1,753.51	
140	34550003400	CCC FRONTERRA LLC		9011 MADRID CIR	$454.02	$1,299.49	$1,753.51	
141	34550003426	CCC FRONTERRA LLC		9015 MADRID CIR	$454.02	$1,299.49	$1,753.51	
142	34550003442	CCC FRONTERRA LLC		9021 MADRID CIR	$454.02	$1,299.49	$1,753.51	
143	34550003468	CCC FRONTERRA LLC		9025 MADRID CIR	$454.02	$1,299.49	$1,753.51	
144	34550003484	CCC FRONTERRA LLC		9029 MADRID CIR	$454.02	$1,299.49	$1,753.51	
145	34550003507	CCC FRONTERRA LLC		9033 MADRID CIR	$454.02	$1,299.49	$1,753.51	
146	34550003523	CCC FRONTERRA LLC		9037 MADRID CIR	$454.02	$1,299.49	$1,753.51	
147	34550003549	CCC FRONTERRA LLC		9041 MADRID CIR	$454.02	$1,299.49	$1,753.51	
148	34550003565	CCC FRONTERRA LLC		9045 MADRID CIR	$454.02	$1,299.49	$1,753.51	
149	34550003581	CCC FRONTERRA LLC		9049 MADRID CIR	$454.02	$1,299.49	$1,753.51	
150	34550003604	CCC FRONTERRA LLC		9053 MADRID CIR	$454.02	$1,299.49	$1,753.51	
151	34550003620	CCC FRONTERRA LLC		9057 MADRID CIR	$454.02	$1,299.49	$1,753.51	
152	34550003646	CCC FRONTERRA LLC		9061 MADRID CIR	$454.02	$1,299.49	$1,753.51	
153	34550003662	CCC FRONTERRA LLC		9065 MADRID CIR	$454.02	$1,299.49	$1,753.51	
154	34550003688	CCC FRONTERRA LLC		9069 MADRID CIR	$454.02	$1,299.49	$1,753.51	
			TOTALS	$69,919.08	$200,121.46	$270,040.54	

EXHIBIT 8

IJART OFTHE USA TODAY NETWORK
Published Daily Naples, FL 34110

FRONTERRA COMMUNITY DEVELOPMENT DIS
707 ORCHID DRIVE SUITE 100
Naples, FL 34102

Affidavit of Publication
STATE OF WISCONSIN COUNTY OF BROWN

Before the undersigned they serve as the authority, personally appeared Vicky Felty who on oath says that she serves as legal clerk of the Naples Daily News, a daily newspaper published at Naples, in Collier County, Florida; distributed in Collier and Lee counties of Florida; that the attached copy of the advertising was published in said newspaper on dates listed. Affiant further says that the said Naples Daily News is a newspaper published at Naples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said
Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in
said Collier County, Florida , for a period of one year next preceding the first publication of the attached copy of advertisement and affiant further says that he has neither paid nor promised any pe.rson, or corporation any discount , rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper.
August 1, 2019

·--� LLLt:t_ rY\. vn. dU. tx:...k.) Notary, State of WI, County of Brown

TARA MONDI_OCH
	Notary Publ ic State  of Wisconsin

My commission expires:  August 6, 2021
Publication Cost: $3780 00 Ad No: GCI0238680
Customer No: 324647 PO#:

F]ONTEIUIA l'OM.IIU/\'ITl' lllil'ELOl'Mf.Nl l>L�'l'ltlfT

1

NOTICE Of PUBLIC HEARING TO CONSID£H fHLIDOPTION OFHIE FISCAL YEAR 201 9/2020 BUDGET :  O'flCE Ol"PUUJ,l('. ll[AIHJ\'GTO CONSll>f'.lt 1 m: JMl'OSIT IIJN OF Ol'EIUTIONS
AND MAIN'I ENANCl'.5111:C'IAl.,\&SE  'MENTS,AllU1 1'1O,� (WAN ,�E.••SMENT l!OLL,.\NIJTHE
LEVY, COLLECTION,AND ENFORCEMENT on HE SAME;AND NOTICE OF REGULAR llOARDOF
SUPERVISORS'MEETJNG. l./Ji!;.QJ!lll1� t'ohli� IJ,,1,rlu�<.011�Rr�ul kt.Im�
I he Bu;ml or Supervisors ("'Board") for lhe Fronlerra Commnnily De1clopmenl Dis11 icl ("Districl") will hold lhQ folll)Wlng two public hearings and a regular meeting:
DATE:	Augusl 1 5, 20 19 
TIME:	I :30 p.m.
LOCATION:	Barron Collier Companies
2600 Golden Gale Parkway Naples, Florida .14 1 ll5

l	1	_

1	1	,

fill! nri,1 puhli� l1<i11i1111 i< holui; h;:hl pl!r1u 111 w Cl1«1•1tr l?I). nr,r/1/u Sr&/w, rn u-r,11�rulilk rommenl an,1 ohjocilioi11 u11 th� Disll'itl� pll)1il'itll h1ulgd (" f'rnpu<td lludg,1") fur lhc focn1 y1•,,r be.1tl11ni11gO11oher I, 2(11� wid e11di11� Se111c111lle!· .lU, .2020 l"'nmol Yos>r 21119/2020"), Thrn<toml Jlllltli  fltll1 \Hg i.1 buu)ll hdrl 1111rnm111 10 tha111m 1 70, 190 1111d 1 97, li/111M,1S11mr1r,,, ll) tul1l'idor lh, 11n�n�1i,111 ol ,,p rnllo11, m,LI r1mi111•n:111cu iJJ,�rnl a�1II< (''O&M,\.l.'5••�·mrnh'1 up,111 lhi lruub lll(llltll "lihl11 1 h� IJtlu rtl, lo fi111d lho l'm1w,1,1J lhld.\lcl t'�r l'1.1<,11 \�11r 201')/;mzo: 10 c111L,id-,r 1h�n1ltJ 11l1111 or 1111 """'111,ut mil: ,1111� iu 1r1M1I,• rnr 1ht 111y, coll!(fton un1I e11fiit'('ou1u111 ,,1' n�1,:nt.1.ill 1hecond111ion oi' lhu 1,r,nfo&,. 1h11 1111,uLI will, 11J ll!\llh11lou, nd,1111 � huilg•t m1!l l1vy  &M	s111cnl'lbi fi11111lv uppmll·1I by 1111, llcm11I. A ll   1J 111,'i'ling 1,f 111• Disllkl will ,ll<U h, held when: 11Jo Do.,nl 1Tu1Y co111id�r n11y orfll'r nil11'icl bUJinc,,1,

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11,� 011\ntl 1mp11   O&M /1,;  1mt11t1 011 ik'll,fil tid pn1 1L�ly wi1l1111 lhu Dl11rl<1 h11 1h, ,,11qw111: ,ir r.111,llng 1h, Drilrict� g�nml •�d111i11�1tu1 iia, oµt1'11l 1011  ,111! 111,1l111111:1111c lludgil 1rn1I lll l"tdln • 1l11 ru1111!1 hoc{S!(Lry l11 J'ilY dthl .crvlro ull 1,11111nndlug bomb n, RH,..:11'11 ill ihi i)i;11 kl'I 11d11 l<'IYki lmilCtl, f"ur llllJII Lil St�L,011 170.07, Fl111'iJ11 S/11//rti,, n J�1 i111lon tl 1h, ,. ,·vkts 10 ht! f1111w'.li liy lh�(\\l M 1\W.."'11W1111,., 1mil Lho 111  per1i<e1 lo bo l111111mt� ar\J hincritwd f/0111 !hi O&M A=<n1tn1s. or�:tll S<l li,11!1 m l ht Prop();<)cl llmlt�I  /I gwgniph10 d0picLlu,1 or lhu prnrorly tllllrnlmlly subj,'(\ 10 1l1c p1011o;ctl l ><QM ,\j!t.>i.,;tn�JII< r, 1tlei11lfio,I 111 1hc fllllJl a11J1d1<1I herom  The lnblo llelow  iu.m� tho t!A:hrd11I� 111' lhc 1u�pc>,;ru O,IM Al!ll-"lllitnt,, which 111, ,ubjccl hi clmngo ul lhc hearing:

ERU P tllfr

Single Falllily Residenlial	54	S4S4.02
Vacanl Residentinl	100	$454.02

l	lhc h,:,1 m11011111 .1h,1II IC I< �  lhtimL,111111111 nilf' 1111lh1•ri7til by/lllSU011I 10$&liun 1 17J(,32(4), /.'/ufil�1 S1,m,11.'1

·17.,, l""l'""''I r��M ffA_"'5ID101IIS n, 11n1cd ,nclud,· collt,'11011 mm m1�1l1r L':1rly [11)111!111 1l1sw111ll,, whld1 t,,llfor Cnu111s ("Co11111y l umy n111111<1 on ;L>1L'<.111wnu 1l1111 '"" 1nll\�i.,I 1 011 11,e l-'011111) 1�1 lii'll.   M1•nlllWr,
awfo1O&M AS11:r,nll!pl<. s11ch 111111 110 11>,c �11tn1 111.,,1'111gsl111ll he h ·hi ,1r 11u11cc 111t\\'11k1I III fu1111  y,msunl"" thu
�l\llC\Sll\1'111' �re pro111lotd lo he Iner�, �ii 1•r n11othrr criterion 11'11hi11 &,�11n11 i<J7 36Jl(4). l'l1NMo S1m11N.\. is mer. 'ate tluu 1hc O&M AIIIIC.'\1111,·uL, do 11u1 t11d111k illl)' tl.-111 ,vivice ia�,l! prt1•fo1t<ly l�l'10J hy 1h, l.lii1ri<1 :uul due lo be collecteel for fiscal Year 20 19/2020

JWrct ty bys,nd1ng OU\ u bm piior W1 UI Jui 111�.  clll'llllJL·r20 1 '1  II i, 1111p111 1a111 lit pur i!lllr l�••ll'llll!lll bc't."JU.lc

i111

1:ur 1:;sr,1J Y�u i111 1J/20!.!I, llw l>i1fn •t 11111mlh 111 1111w th� ('n,rnt\ l1l� r<>llt"tut coiled 1h, :is,:mrnillll'l 1mil'!l 111l ior1t1ln 1l11�l01wd 111111,etiy, 1111tl will di1 icilyrnll,\l1111· =11:u11 u111><,sod 011 1. 11, 1<1111111,i11l' t.mdlll<II

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Jitilur, 10 "I ,vdl cnus. 11 la  c,�1ilic.11c 11, b,• 1ssncd ng;u111t ilw 1m111•nr whtth may ,,�ull tn 111,i 111' 1i1 I�. ur l�r dim:1 lnllcd ,=,�mc,tL,, nray rc,,111! in :, f,11ecl�Uh· 11<tiun, 11h1r 1 �1,., 1101)' , r111lt 111   111,, <11 111l1  I h� I )i1lrir1'1
,lccrsi n \\I rollci:1 :IilC5SllllnL\n1\ lit� IIIX 11111 or !1y dli •t hillm� 1l11,.� 11111 JII  lu,i. the I 11111111 11,1111 li11tr di,Hng
lo collect lhose or other asse5smrnts in a diOi:,enl manner at a fotmc time
A lditio1111I Provisions

1

TIK• 1111blic h<1trh11;.1 111111 ilrl�llna lit,• tij,CII 111 tl1�  1111,lic "lid will "" .. 11,1hw1t·1l Ill 1,;.. ,itl;111,, �1111 lht
11nJ11ilit1111 �I' Fl�ri1la h1w  · i1111y 111  1l1t P1111al)l'1I ll111 IJ<I, 1111JJN1.«l 1WL·"111,111 11111, 111111 ih� ·'bimKl11 ti1r lhQ

1

l1c01i11g.� :11111 1111,11111i 11111) l,c Ol)111111cil  I tlt1• ,1111,1� rif th,• 1li,11ic1 M1m,1!)<1, luc,iltol nt ll1,ll l:Sl11I� Erononwlri.:., lrw•• 7117 O1,:l1i,I 1)111�. S11llc HIii, N,111lf'I, Fl11d1ln \-l 1111. Ph. 11.W\ 2{<9- D4 I ("Jli,,1r i,·1 ,1111m1�,•r'• Ollice''). 1hrm1� 1101 11i.1l l1111ine,.,1 h, ,u1t ·ntc 1111hlic h1�1 lll!!S u11J 111<e1111� 111.,1· be cnut11111,,I 1,1 n tl:11,:, tm1c, nnd >11« 111 b< sp,;df',M 1111 thr tcwrJ .11 1hr h1mnrt!'5 IJI 111w1i11�. l'h,re mm· h • 11ct;i11t1111 11!1'11 s1ull nr l1i>11nl mcmli,,cy htlll parlicipalc by,p,akcr ll'lcph1111,·
A1)) ,�-nl)II l'"llltr'llg special '1l\1IIIIIIIIXlailo1 ,,, llm llll!IIIIJi. l1<�:111Sc or a dis:,biilll' ur pltysical i111111111 1111111 1houhl tUlilij I lh� lli,uicl Manage, )IOU,c,,,1 lr�l l11rl)•l'i�l1t (4$) hours prior 10 lhe 111M111g. I[ you""' l10J1mg 111 spt�,h im11,,11�d. J1lunseco111ac1 1h11 Fhimla KJ:lny �e1'1JL1' b) dlalu1¥ 7- 1-1. or l-80ll<'Jl l-8771 ilTY) / l-84l0-

Plt•1< 111110 1h11I 11l1 :.11,; t�d 111t1per1i ,11, 11m It/II' rh• 11thl 111 upjl;,1 ,11 Iii� \1111�1,'h1,11 mgs 111111 111e,1i11�. 11111I

•l5.S-�771l N11,q), for ,11d in conlaclln� !lie IJi;im I M111m�a(1 OllirJ,

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mny:11\11lite111111CJJ 11hJ1'1'l11111, 11i1h 1l�• I )1111 to �ll11111gtr1()Oil:� w11hi11 I11trlll I hJ\ 111 p11hhrn1.,,11 ,,r lltl 11n11<c. Each JK'l.11111 whn 1I, uli, 1,, "PJlr,11 ,111) 1kd,i1111 111,111.t h_1 !In• llu.uJ 11·,111 " pl'.\ 1 1v 11111 rnJHcr c111,;1J,•1rd 111 ,1,., p11bhc II .,r,ui1111 Ill ,•tin ' "'"" i'<d IIJttl 1<!1$011 111ll 111•cdu rt•,or,1 or 111ucc,d111p 111111 lh,11 :11 "",l111ph, !ht "''""' may Ul'lltl 10 -.-n,01� 1lw1 JI l�1h:1u1u r�tMl uf th� 1tru�,•�1!111yi- I\ m 11L!... 1nL'lutl1nf lhl1 ll'1111111111y au�! e,1de11cl' 111•ml 11hich sud, 11p1wal is lo be based	l)i�11 1cl Ylanage1
FRONTERRACOMMUNITY DEVELOPMENT DISTRICT	'

i

.,_ �
I

1111� 25'� & \11:,:u:-.t I

SITE LOCATION

----	---NO-GCI02381 1 O·OI

EXHIBIT 9

STATE OF FLORQ)A COUNTY OF (o l�

)
)
AFFIDAVIT OF MAILING

BEFORE ME, the undersigned authority, this day personally appeared G. Russell Weyer, who by me first being duly sworn anddeposed says:
I am over eighteen ( I 8) years of age and am competent to testify as to the matters contained herein. I have personal knowledge of the matters stated herein.
I, Russell Weyer, am employed by Real Estate Econometrics, Inc., and, in the course ofthat employment, serve as District Manager forthe Fronterra Community Development District.
Among other things, my duties include preparing and transmitting correspondence relating to the Fronterra Community Development District.
I do hereby certify that on July 1 0, 2019, and in the regular course of business, I caused letters, in the forms attached hereto as Exhibit A, to be sent notifying affected landowner(s) in the Fronterra Community Development District of their rights under Chapters l 70, 190 and 197, Florida Statutes, with respect to the District's anticipated imposition of operations and maintenance assessments. I further certify that the letters were sent to the addressees identified in Exhibit B and in the manner identified in Exhibit A.
I have personal knowledge ofhaving sent the letters to the addressees, and those records are kept in the course ofthe regular business activity for my office.
FURTHER AFFIANT SAYETH NOT.

��- ""-

- -
By-.t:;;,?usst1,c..	�

---

�

SWORN AND SUBSCRIBED before me this  \� day of	2019, by G. Russell Weyer, for Real Estate Econometrics, Inc., who is [  ] personally� to me or [)Cl has provided QkQL.---	as identification, and who did �/ did not _take an oath.

Notary Public, Sta�Florida	,_

=i-\o

�Print Nam.:e:�
Commission No.:.3:: C(,�b7

My Commission Expires:
EXHIBIT A:	Copies ofForms ofMailed Notices
EXHIBIT B:	List ofAddressees

j�d-0

ALNALDO GUTl!RRIZ

Notary Publlo, Slate ol Florlda

o,

Commission; FF 970485 t!.y l'Cmm. frxpires Mar. 1 2020

EXHIBIT A - COPY OF MAILED NOTICE

Fronterra Community Development District

VIA FIRST CLASS MAIL

JACQUI LYNN HAMILTON 8737 MADRID CIRCLE
NAPLES, FL 34104

TIDS IS NOT A BJLL - DO NOT PAY

July 10, 2019

Real Estate Econometrics, Inc. 707 Orchid Drive, Suite 100
Naples, Florida 34102
Ph: (239) 269-1341

PROPERTY ID NUMBER: 34550000429

RE:	Fronterra Communjty Development District
Fiscal Year 201 9/2020 Budget and O&M Assessments Dear Property Owner:
Pursuant to Chapters 190, 1 97, and 170, Florida Statutes, the Fronterra Community Development District ("District") will be holding two public hearings and a Board of Supervisors' ("Board") meeting for the purpose ofadopting the District's proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2019 and enrung September 30, 2020 ("Fiscal Year 2019/2020") and levying operations and maintenance assessments ("O&M Assessments") to fund the Proposed Budget for Fiscal Year 201 9/2020, on August 15, 2019, at 1 :30 p.m., atthe offices ofBarron Collier Companies located at 2600 Golden Gate Parkway, Naples, Florida 34105. The District is a special purpose unit of local government established under Chapter 1 90, Florida Statutes, for the purposes ofproviding infrastructure and services to your community. The proposed O&M Assessment information for your property is set forth in Exhibit A.
The public hearings and meeting are open to the public and will be conducted in accordance with Florida law. A copy of the Proposed Budget and assessment roll, and the agenda, for the hearings and meeting may be obtained by contacting Real Estate Econometrics, Inc., 707 Orchid Drive, Suite 100, Naples, Florida 34102, Ph: (239) 269-1341 ("District Manager's Office"). The public bearings and meeting may be continued to a date, time, and place to be specified on the record. There may be occasions when staff or board members may participate by speaker telephone. Any person requiring special accommodations because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours priorto the meeting. Ifyou are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office.

Please note that all affected property owners have the right to appear and comment at the public hearings and meeting, and may also file written objections with the District Manager's Office within twenty (20) days ofissuance ofthis notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
Ifyou have any questions, please do not hesitate to contact the District Manager's Office.
Sincerely,

G. Russell Weyer District Manager

EXHIBIT A
Summary ofO&MAssessments

Proposed Budget / Total Revenue. For all O&M Assessments levied to fund the Proposed Budget for Fiscal Year 201 9/2020, the District expects to collect no more than $64,675 in gross revenue.
Unit of Measurement. Since all lands within the District are now platted, the O&M Assessments are allocated on an Equivalent Residential Unit ("ERU") basis for platted lots.
Schedule ofO&M Assessments:
'
Proposed Annual O&M

collection costs I early

Land Use	Total # of Units	ERU Factor Assessment (including

Single Family Residential	
54	
1	payment discounts)
$454.02	
Vacant Residential	100	1	$454.02	
Note that the O&M Assessments do not include any debt service assessments previously levied by the District and due to be collected for Fiscal Year 2019/2020. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for operation and maintenance assessments, such that no assessment hearing shall be held or notice provided in future years unless the assessments are proposed to be increased or another criterion within Section 1 97.3632(4) is met.
Proposed O&M Assessments for Your Property.

Current Annual O&M Assessment	Proposed Annual O&M Assessment	Change in	
(October 1, 2018 - September 30,	(October 1, 2019 - September 30,	Annual Dollar	
2019)	2020)	Amount	
$411.90	$454.02	$42.12	

Collection. By operation of law, the District's assessments each year constitute a lien against benefitted property located within the Districtjust as do each year's property taxes. For Fiscal Year 201 9/2020, the District intends to have the County Tax Collector collect the assessments imposed on certain developed property, and will directly collect the assessments imposed on the remaining benefitted property by sending out a bill prior to, or during, November 2019. For delinquent assessments that were initially directly billed by the District, the District may initiate a foreclosure action or may place the delinquent assessments on the next year's county tax bill. IT IS IMPORTANT TO PAY YOUR ASSESSMENT BECAUSE FAILURE TO PAY  WILL CAUSE A TAX CERTIFICATE TO BE ISSUED  AGAINST  THE  PROPERTY  WHICH MAY RESULT IN LOSS OF TITLE, OR FOR DIRECT BILLED ASSESSMENTS, MAY RESULT IN A FORECLOSURE ACTION, WHICH ALSO MAY RESULT IN A LOSS OF TITLE. The District's decision to collect assessments on the tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.

NAME	ADDRESS	CITY	STATE	ZIP CODE	PIN	
JACQUI LYNN HAMILTON	8737 MADRID CIRCLE	NAPLES	FL	34104	34550000429	
MICHAELJ MARCOTTE	8741 MADRID CIRCLE	NAPLES	FL	34104	34550000445	
OAKLEY H & CANDIA D KELLER	8745 MADRID CIRCLE	NAPLES	FL	34104	34550000461	
WOJCIECH WOJTASIEWICZ	8749 MADRID CIRCLE	NAPLES	FL	34104	34550000487	
BRUNO GUERRERO	8753 MADRID CIRCLE	NAPLES	FL	34104	34550000500	
CARLOS A GALLEGO	8757 MADRID CIRCLE	NAPLES	FL	34104	34550000526	
JORGE RAFAEL NOLASCO	8761 MADRID CIRCLE	NAPLES	FL	34104	34550000542	
CESAR HERNANDEZ	8765 MADRID CIRCLE	NAPLES	FL	34104	34550000568	
MIHAi VUSCAN	8769 MADRID CIRCLE	NAPLES	FL	34104	34550000584	
HALA ALTAEE	8773 MADRID CRICLE	NAPLES	FL	34104	34550000607	
BRANDON H & CHELSEA R JONES	8777 MADRID CIRCLE	NAPLES	FL	34104	34550000623	
ANCELOT SIMILIEN	8781 MADRID CIRCLE	NAPLES	FL	34104	34550000649	
KERRU & CHRISLANDE DERA	878S MADRID CIRCLE	NAPLES	FL	34104	34550000665	
AIDA LUZ GUTIERREZ	8789 MADRID CIRCLE	NAPLES	FL	34104	34550000681	
FRANCISCO D & JENNIFER E FUENTES	8793 MADRID CIRCLE	NAPLES	FL	34104	34550000704	
MICHAEL B WELCH	8797 MADRID CIRCLE	NAPELS	FL	34104	34550000720	
CESAR  & GABIRELLE GONZALEZ	8801 MADRID CIRCLE	NAPLES	FL	34104	34550000746	
FAUSTO GONZALEZ PEREZ	8805 MADRID CIRCLE	NAPLES	FL	34104	34550000762	
MARIA A NOLASCO	8809 MADRID CIRCLE	NAPLES	FL	34104	34550000788	
CALVIN J LILLION	8813 MADRID CIRCLE	NAPLES	FL	34104	34550000801	
REYNA PRADO	8817 MADRID CIRCLE	NAPLES	FL	33134	345S0000827	
RACIEL GOMEZ RODRIGUEZ	8821 MADRID CIRCLE	NAPLES	FL	34104	34550000843	
LIUPCO & NATASA POPOV	8833 MADRID CIRCLE	NAPLES	Fl	34104	34550000908	
KATHLEEN MARIE CARRIGAN	8837 MADRID CIRCLE	NAPLES	Fl	34104	3455000092.4	
BLAS AGUIRRE VALDEZ	8843 MADRID CIRCLE	NAPLES	FL	34104	34550000940	
JASON LINARDICH	8847 MADRID CIRCLE	NAPLES	FL	34104	34550000966	
WILLIM J & JEANNIE G BALZARINI JR	8851 MADRID CIRCLE	NAPLES	FL	34104	34550000982	
F SALVINO DE OLIVERA FILHO	8859 MADRID CIRCLE	NAPLES	FL	34104	34550001020	
RENATO DE OLIVEIRA	8863 MADRID CIRCLE	NAPLES	FL	34104	34550001046	
LESSER & IRIS KURTZ GONZALEZ	8867 MADRID CIRCLE	NAPLES	FL	34104	34550001062	
ERICK TODD HERNANDEZ	8871 MADRID CIRCLE	NAPLES	FL	34104	34550001088	
DOUGLAS & CARMEN M LOPEZ BELLO	8879 MADRID CIRCLE
JOHN & SHANNON MCGEE	3120 SUMMIT RIDGE DR	NAPLES	FL	34104	34550001127	
FRANCISCO & MARIA E CUADRADO VEGA VINCENT!	8832 MADRID CIRCLE	SAN MARCOS
NAPLES	TX
FL	78666
34104	34550001208
34550001224	
EDDY H & FELEINE T CARRASCO	8796 MADRID CIRCLE	NAPLES	FL	34104	34550001402	
VIOLETA FELICIA LUP
LORI MCAULEY	3950 SW 137TH AVE	DAVIE	FL	33330	34550001428	
ROBERT F & HONGNA PANG KARLSON	8776 MADRID CIRCLE	NAPLES	FL
FL	34104
34104	34550001486
34550001509	
ERICA L CIRILLO	8772. MADRID CIRCLE	NAPLES	FL	34104	34550001525	
SON & THUY DIEM VO NGUYEN	8768 MADRID CIRCLE	NAPLES	FL	34104	34550001541	
JIMMY & NHU THI CAM NGUYEN	8764 MADRID CIRCLE	NAPLES	FL	34104	34550001567	
LILIAM MARIE LANDAVAZO	8456 MADRID CIRCLE	NAPLES	Fl	34104	34550001606	
MICHAEL LEE	734SW 122TER	PEMBROKE PINES	FL	33025	34550001648	
LAWRENCE G & HEDY Z ECKLES	837 N BEACHWOOD DR	BURBANK	CA	91506	34550001664	
PANKAJ J MALIK	8736 MADRID CIRCLE	NAPLES	FL	34104	34550001680	
ARNOLD BEAUVAIS	8732 MADRID CIRCLE	NAPLES	FL	34104	34550001703	
JASON F & KRISTA N COLLITT	8728 MADRID CIRCLE	NAPLES	FL	34104	34550001729	
JONAS THOMPSON	1 5EAL HARBOR RD UNIT #307	WINTHROP	MA	02152	34550001745	
XIAONING KOU	120 W 3RD AVE APT#201	SAN MATEO	CA	94402	34550001761	
CANADA						
SUSAN HUANG	27 RUE BRIGANTINE	KIRKLAND	QC	H9H 5	34550001622	
DEVELOPER						
MIKE LEVAK - CCC FRONTERRA	2020 SALZEDO STREET, SUITE 200	CORAL GABLES	FL	33134	104 LOTS	

EXHIBIT B - LIST OF ADDRESSES

8780 MADRID CIRCLE	NAPLES

EXHIBIT 10

ACCOUNTING PROPOSAL

For Fronterra
Prepared by Lynn Mattice
Mattice Business Services, Inc.
561-558-9100 | Lynn@MatticeBusiness.com
401 W Atlantic Ave | Delray Beach, Florida| 33444 | http://www.MatticeBusiness.com

 	COVER LETTER	

RUSS WEYER FRONTERRA

REGARDING:
PROPOSAL TO PROVIDE PROFESSIONAL ACCOUNTING AND CONSULTING SERVICES

Dear Russ,

Mattice Business Services, Inc. is pleased to present this proposal to provide professional accounting, consulting and financial managements services to Fronterra. Our experience in providing accounting services over the last 20 years, provides us with a solid understanding of your business environment and needs.

We have developed this package that follows with Fronterra in mind, providing information that is most relevant to your current business needs.

If you are interested in any additional information, do not hesitate to contact us. We look forward to serving you.

Sincerely,

Lynn Mattice
Certified Profit First Professional

Client Experience
Some of our related client experience includes:

Coldwell Partners MacKenzie Cross JG Graphic Design
Proposify

Coldwell Partners MacKenzie Cross JG Graphic Design
Proposify

 	ABOUT US	

With more than 20 years of service, Mattice Business Services, Inc. is focused on providing our clients advice on bookkeeping, accounting and consulting services that reflect their needs.

Our firm is one of the leading bookkeeping firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention.
Our high standards, service and specialized staff spell the difference between our outstanding performance, and other bookkeeping firms. We make sure that every client is served by the expertise of our whole firm.

 	MEET OUR TEAM	

As our client your engagement would be led by a single partner, Lynn Mattice. Lynn Mattice is backed by a team of dedicated and seasoned professionals, who have a combined 50 years experience.

Lynn Mattice
Lynn Mattice, Accountant & President, originally from Connecticut, has over 35 years of accounting experience. Her experience in South Florida includes 7 years in CPA firms, 2 years as Director of Operations of a payroll processing company and 3 years as a controller of a $50M distribution company. Lynn founded Mattice Business Services, Inc. in 1999. She has been a Certified QuickBooks® ProAdvisor since 1999 and became a Certified QuickBooks® Advanced ProAdvisor in May 2007 and is also a Florida Notary.

 	PROJECT SUMMARY	

Fronterra is interested in securing an accounting partner to assist with restructuring the bookkeeping and accounting reporting by setting up QBO and aiding in reconciling Trust Fund accounts.

Goals of the Project

Increase operational efficiency and production
More accurate timely reporting
Better accounting software

Online software for easy access

 	PROPOSAL	

Mattice Business Services, Inc. will help Fronterra move to a comprehensive transaction management service build on the QuickBooks platform. This move will allow for all bookkeeping and accounting functions to be seamlessly accessible as well as provide complete customer data access.

Mattice Business Services, Inc. proposes to implement and train on QuickBooks Online.

QuickBooks Set Up

Upload Desktop QB file to Online
Ensure that all balances and data has been successfully uploaded
Set up Online Banking download feature for the bank operating account

Ongoing

Monthly reconciliations of Trust bank accounts including entries
Year end help with Journal entries to prepare for audit.

 	SERVICE & PRICING	

Our fees are based on the value of the services provided and scope of work.

Mattice Business Services, Inc. provides the following proposal based on the project summary provided:

Initial transfer of file to QBO	$500.00 one time fee Monthly reconciliations  of trust accounts	$250.00 per month

Software Subscriptions to be paid by Client:
Annual Fee for QuickBooks Online Year 1	$322.50 (50% discount)
Annual Fee for QuickBooks Online thereafter	$645.00 per year (Subject to change with
Intuit pricing)



SIGNATURE	
Russ Weyer

SIGNATURE	



Lynn Mattice

 	NEXT STEPS	

Project Kick-Off / Requirements Documentation
Need access to bank to download bank statements.
Decision on start date of reconciliations and the transition to QBO (link will be sent for discount)

 	CONTACT US	
Mattice Business Services, Inc. are very interested in working with Fronterra and would love to set up a meeting with you to answer any questions you may have and determine the next steps in this process.

Lynn Mattice

Certified Profit First Professional
Mattice Business Services, Inc.

561-558-9100 | Lynn@MatticeBusiness.com
401 W Atlantic Ave | Delray Beach, Florida 33444 http://www.MatticeBusiness.com

EXHIBIT 11

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE PERIOD ENDING JULY 31, 2019

YTD VARIANCE
APPROVED	ACTUAL	FAVORABLE
BUDGET	YEAR-TO-DATE	(UNFAVORABLE)
REVENUES
ON-ROLL ASSESSMENTS	
$	27,432		
$	27,433		
$	1	
OFF-ROLL ASSESSMENTS	31,243		6,850		(24,393)	
INTEREST REVENUE	-		218		218	
ON ROLL DISCOUNT REVENUE	-		699		699	
UNRECONCILED REVENUE	-		7,143		7,143	
TOTAL REVENUES	$	58,675		$	42,343		$	(16,332)	

EXPENDITURES						
ADMINISTRATIVE						
BOARD OF SUPERVISORS PAYROLL						
PAYROLL TAXES						
PAYROLL SERVICE FEE						
MANAGEMENT CONSULTING SERVICES	$	15,000		$	12,500		$	2,500	
ASSESSMENT ADMINISTRATION	12,000		5,011		6,989	
ASSESSMENT ROLL PREPARATION	-		-		-	
OFFICE EXPENSE	250		110		140	
STORAGE FEES	900		-		900	
BANK CHARGES	-		-		-	
AUDITING	5,000		6,600		(1,600)	
INSURANCE (Liability, Property & Casuality)	5,250		-		5,250	
LEGAL ADVERTISING	2,400		1,393		1,007	
REGULATORY AND PERMIT FEES	175		175		-	
LEGAL SERVICES	10,000		8,159		1,841	
ENGINEERING SERVICES - General	5,000		4,976		24	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES	500
-		2,584
-		(2,084)
-	
TOTAL ADMINISTRATIVE EXPENDITURES	$	56,475		$	41,508		$	14,967	

FIELD OPERATIONS						
FIELD OPERATIONS MANAGEMENT STAFF	$	-		$	-		$	-	
LANDSCAPING & FIELD MAINTENANCE	-		-		-	
LANDSCAPE REPLACEMENT	-		-		-	
LANDSCAPE MULCHING	-		-		-	
IRRIGATION REPAIRS	-		-		-	
ELECTRICITY	1,200		-		1,200	
WATER USE MONITORING	-		-		-	
ENTRY MONUMENTS MAINTENANCE	1,000		-		1,000	
WETLAND MONITORING	-		-		-	
SFWMD ERP ANNUAL REPORT	-		-		-	
LAKE TESTING	-		-		-	
CULVERTS  CLEANING
LAKE MAINTENANCE	-
-		-
-		-
-	
TOTAL FIELD OPERATIONS EXPENDITURES	$	2,200		$	-		$	2,200	
						
TOTAL EXPENDITURES	$	58,675		$	41,508		$	17,167	

BALANCE	
$	-		
$	835		
$	835	

Fronterra Community Development District
Cash Flow
October 2018 through July 2019

	Oct '18 - Jul 19	
Income		
1361001 · Interest Revenue	$	218	
1363116 · Off Roll Assessments	6,850	
1363216 · On Roll O&M Assessments	27,433	
1363218 · O&M Assessment Discount	699	
Unreconciled Revenue	7,143	
Total Income	$	42,343	

Expense
1100000 · Administrative		
1512100 · Management Consulting Services	$	12,500	
1513014 · Website Hosting & Management	2,584	
1513020 · Office Expense	110	
1513048 · District Filing Fee	175	
1513055 · Legal Advertising	1,393	
1513060 · Assessment Administration Servi	5,011	
1513070 · Auditing Services	6,600	
1513080 · Engineering Services	4,976	
1514010 · Legal Services	8,159	
Total 1100000 · Administrative	$	41,508	
Total Expense	$	41,508	

Net Cash Flow	$	836

Fronterra Community Development District
Balance Sheet
As of July 31, 2019

Jul 31, 19
ASSETS
Current Assets Checking/Savings
1101000 · 1Cash	2,668.79	
1101001 · 2Commercial O&M Pre-Payment	15,484.59	
2151000 · Revenue Trust Acct -Series 2017	1,572.46	
2151004 · Reserve Trust Fund-Series 2017	46,278.13	
2151006 · Cost of Issuance -Series 2017	-26,870.00	
2151007 · Assmnt Prepayment -Series 2017	24.50	
8151030 · Construction Trust Fund	100,556.10	
Total Checking/Savings	139,714.57	

Other Current Assets		
1131001 · Due from Other Funds to GF	2,100.00	
1155000 · Prepaid Items	5,500.00	
8151006 · Cost of Issuance 2017	26,870.00	
Total Other Current Assets	34,470.00	

Total Current Assets	
174,184.57	

TOTAL ASSETS	
174,184.57	

LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
1202000 · Accounts Payable	1,768.35	
8201000 · Retainage Payable	32,633.00	
8208000 · Due to General Fund	2,100.00	
Total Accounts Payable	36,501.35	

Other Current Liabilities
8200000 · Construction Accrued Expenses	

143,081.00	
Total Other Current Liabilities	143,081.00	

Total Current Liabilities	
179,582.35	

Total Liabilities	
179,582.35	

Equity		
1271000 · Fund Balance- Unreserved	29,517.67	
2271000 · DS Fund Balance Unreserved	132,512.97	
8271000 · Fund Balance Unreserved	-107,650.87	
Net Income	-59,777.55	
Total Equity	-5,397.78	

TOTAL LIABILITIES & EQUITY	
174,184.57	

EXHIBIT 12

FRONTERRA   COMMUNITY DEVELOPMENT DISTRICT
COLLIER COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA

TABLE OF CONTENTS

    Page	
INDEPENDENT AUDITOR’S REPORT	1-2
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Position	7
Statement of Activities	8
Fund Financial Statements:
Balance Sheet – Governmental Funds	9
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	10
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	11
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	12
Notes to the Financial Statements	13-19
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	20
Notes to Required Supplementary Information	21
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	22-23
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	24
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL
OF THE STATE OF FLORIDA	25-26

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

Boca Raton, Florida  33431 (561) 994-	-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Fronterra Community Development District, Collier County, Florida (“District”) as of and for the fiscal year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements  in accordance with accounting principles generally accepted in the United States of America; this includes 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.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2018, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, 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 25, 2019, 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 to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated June 25, 2019, on our consideration of the District’s compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

June 25, 2019

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Fronterra Community Development District, Collier County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2018. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($313,266).

The change in the District’s total net position in comparison with the prior fiscal year was ($28,805). The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2018, the District’s governmental funds reported combined ending fund balances of
$152,943, a decrease of ($1,804,988) in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, non-spendable for prepaid items and the remainder is deficit unassigned fund balance.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

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

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

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

Fund Financial Statements

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

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Fund Financial Statements (Continued)

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

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

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

Notes to the Financial Statements

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,

 	2018	2017	

Current and other assets

$	233,263	$

2,152,219

Capital assets, net of depreciation	 	2,244,520	504,140
Total assets	 	2,477,783	2,656,359
Current liabilities	141,049	255,820
Long-term liabilities	 	2,650,000	2,685,000
Total liabilities	 	2,791,049	2,940,820 Net position
Net investment in capital assets	(405,480)	(2,180,860)	
Restricted	106,151	1,896,399	
Unrestricted	 	(13,937)	-		
Total net position	  $	(313,266)   $	(284,461)	

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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

The District’s net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations exceeded ongoing program revenues.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2018	2017

Revenues: Program revenues

Charges for services

$	167,138	$

80,279

Operating grants and contributions	613	260
Capital grants and contributions	8,616	4,882 General revenues
Unrestricted investment earnings	 	31	-	
Total revenues	 	176,398	85,421 Expenses:
General government	58,331	80,279
Interest	146,872	76,710
Bond issuance costs	212,893
Total expenses	 	205,203	369,882
Change in net position	(28,805)	(284,461)
Net position, beginning	 	(284,461)	-	
Net position, ending	 $	(313,266)    $	(284,461)

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2018 was $205,203. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of Developer contributions and the remainder of the current fiscal year revenue is interest earnings. In total, expenses decreased from the prior fiscal year, the majority of the decrease was the result of non-recurring cost of issuing bonds in the prior fiscal year.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2018.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2018, the District had $2,244,520 invested in capital assets for its governmental activities. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2018, the District had $2,650,000 Bonds outstanding. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET

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

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains.  If you have questions about this report  or need additional financial information, contact the Fronterra Community Development District’s Finance Department at 707 Orchid Drive, Suite 100, Naples, Florida 34102.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2018

	Governmental
Activities	
ASSETS
Cash	
$	19,719	
Prepaid expense	7,045	
Restricted assets:
Investments	
206,499	
Capital assets:
Nondepreciable	
 	2,244,520	
Total assets	 	2,477,783	
LIABILITIES
Accounts payable	
1,624	
Unearned revenue	25,140	
Contracts payable	53,556	
Accrued interest payable	60,729	
Non-current liabilities:
Due within one year	
40,000	
Due in more than one year	 	2,610,000	
Total liabilities	 	2,791,049	
NET POSITION
Net investment in capital assets	
(405,480)	
Restricted for capital projects	106,151	
Unrestricted	 	(13,937)	
Total net position	  $	(313,266)	

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Net (Expense) Revenue and Changes in Net
 	Program Revenues	Position	

Functions/Programs	

Expenses	Charges
for Services	Operating
Grants and Contributions	Capital
Grants and Contributions	
Governmental Activities	
Primary government: Governmental activities:
General government	

$	58,331	

$	58,300	

$	-	

$	-	

$	(31)	
Maintenance and operations	-	-	-	8,616	8,616	
Interest on long-term debt	146,872	108,838	613	-	(37,421)	
Total governmental activities	205,203	167,138	613	8,616	(28,836)	

General revenues:
Unrestricted investment earnings	 	31
Total general revenues	 		31 Change in net position		(28,805)
Net  position - beginning	 	(284,461)
Net position - ending	 $	(313,266)

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2018

 	Major Funds	
Debt	Capital

Total Governmental

	 	General	Service	Projects	Funds		
ASSETS		
Cash	$	19,719	$	-	$	-	$	19,719	
Investments	-	46,792	159,707	206,499	
Prepaid expenses	 	7,045	-	-	7,045	
Total assets	  $	26,764	$	46,792	$	159,707	$	233,263	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	1,624	$	-	$	-	$	1,624	
Unearned revenue	25,140	-	-	25,140	
Contracts payable	 	-	-	53,556	53,556	
Total liabilities	 	26,764	-	53,556	80,320	

Fund balances:

Prepaid expenses	7,045	-	-	7,045	
Debt service	-	46,792	-	46,792	
Capital projects	-	-	106,151	106,151	
Unassigned	 	(7,045)	-	-	(7,045)	
Total fund balances	 	-	46,792	106,151	152,943	

Nonspendable:

Restricted for:

Total liabilities and fund balances	 $	26,764	$	46,792	$	159,707	$	233,263

See notes to the financial statements

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2018

Fund balance - governmental funds	$	152,943
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 are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated  depreciation,  in  the  net assets of the government as a whole.
Cost of capital assets	2,244,520
Liabilities not due  and  payable  from  current  available resources are not reported as liabilities  in  the  governmental fund statements. All  liabilities,  both  current  and  long-term,  are reported in the government-wide financial statements.
Accrued interest payable	(60,729)	
Bonds payable	 	(2,650,000)	(2,710,729)	
Net position of governmental activities	  $	(313,266)	

See notes to the financial statements

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

 	Major Funds		Total
Debt	Capital	Governmental
	 	General	Service	Projects	Funds		
REVENUES
Developer contributions	
$	58,300	$	108,838	$	-	$	167,138	
Interest	 	31	613	8,616	9,260	
Total revenues	 	58,331	109,451	8,616	176,398	

EXPENDITURES
Current:
General government	58,331	-	-	58,331 Debt Service:
Principal	-	35,000	-	35,000
Interest	-	147,675	-	147,675
Capital outlay	 	-	-	1,740,380	1,740,380
Total expenditures	 	58,331	182,675	1,740,380	1,981,386

Excess (deficiency) of revenues

Transfers in (out)	 	-	(359)	359	-		
Total other financing sources (uses)	 	-	(359)	359	-		
Net change in fund balances	-	(73,583)	(1,731,405)	(1,804,988)	
Fund balances - beginning	 	-	120,375	1,837,556	1,957,931	
Fund balances - ending	  $	-	$	46,792	$	106,151	$	152,943	

over (under) expenditures	-	(73,224)	(1,731,764)	(1,804,988) OTHER FINANCING SOURCES (USES)

See notes to the financial statements

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Net  change in fund balances - total governmental funds	$ (1,804,988)
Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures, however, the cost of capital assets is eliminated in the statement of activites and capitalized in the statement of net position.	

1,740,380	
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

35,000	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.	

 	803	
Change in net position of governmental activities	  $	(28,805)	

See notes to the financial statements

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

The Fronterra Community Development District ("District") was created on September 29, 2016 by Ordinance No. 2016-28 of the Collier County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is comprised of approximately 33.21 acres.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Board members are elected on an at large basis by the owners of property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2018, all of the Board members are affiliated with CCC Fronterra, LLC (“Developer”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

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

Assessments
Assessments are non-ad valorem assessments on benefitted lands within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal year for which annual operations and maintenance assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

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

The District was funded with contributions from the Developer in the current fiscal year. The District reports the following major governmental funds:
General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraphs c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, any unspent proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

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

Capital Assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market 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.

No depreciation has been taken in the current year as the District’s infrastructure and other capital assets are under construction.

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

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

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

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

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

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

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

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

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

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

NOTE 2 – 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.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

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

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS

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

Investments
The District’s investments were held as follows at September 30, 2018:

   Amortized Cost	Credit Risk	Maturities	
First American Government Obligation			Weighted average of the fund	
Funds CL Y	  $	206,499	S&P AAAm	portfolio: 26 days	
Total Investments	  $	206,499			

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

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

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

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

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2018 was as follows:
Beginning

Ending

Governmental            activities Capital assets, not being depreciated
Construction in progress

 	Balance	Additions	Reductions	Balance	

  $	504,140	$	1,740,380	$	-	$	2,244,520

Total capital assets, not being depreciated 	504,140	1,740,380	-	2,244,520

Governmental activities capital assets	 $	504,140	$	1,740,380	$	-	$	2,244,520

The 2017 Project is estimated at $4.7 million. The infrastructure will include earthwork, reserve and water management; utilities; landscape, signage and lighting and roadways. It is estimated that the project build-out will be no later than year 2021. It is proposed that Special Assessment Revenue Bonds will fund all or a portion of the District infrastructure. Upon completion, certain assets will be conveyed to other entities for ownership and maintenance.

NOTE 6 – LONG-TERM LIABILITIES

Series 2017
On March 15, 2017, the District issued $2,685,000 of Capital Improvements Revenue Bonds, Series 2017 due on May 1, 2047 with a fixed interest rate of 5.50%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2018 through May 1, 2047.

The Series 2017 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2018.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2018 were as follows:

Governmental activities Bonds payable:
Series 2017
Total

Beginning Balance

Additions	Reductions

Ending Balance

Due Within One Year

$	2,685,000	$	-	$	35,000	$	2,650,000	$	40,000	
$	2,685,000	$	-	$	35,000	$	2,650,000	$	40,000	

At September 30, 2018, the scheduled debt service requirements on the long-term debt were as follows:

Year ending September 30:

 		Governmental Activities		                Principal		Interest	Total

2019	$	40,000	$	145,750	$	185,750	
2020	40,000	143,550	183,550	
2021	45,000	141,350	186,350	
2022	45,000	138,875	183,875	
2023	50,000	136,400	186,400	
2024-2028	285,000	638,825	923,825	
2029-2033	375,000	551,375	926,375	
2034-2038	480,000	437,250	917,250	
2039-2043	635,000	288,475	923,475	
2044-2047	 	655,000	92,400	747,400
Total	 $	2,650,000	$	2,714,250	$	5,364,250

NOTE 7 – DEFICIT NET POSITION

The District has a government-wide net position (deficit) of ($313,266) as of September 30, 2018. There is no such deficit reflected in the governmental fund statements. The deficit primarily relates to the issuance of long term debt for assets that will not be owned or maintained by the District as discussed in Note 5 – Capital Assets.

NOTE 8 – DEVELOPER TRANSACTIONS AND CONCENTRATION

The Developers has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund was $58,300 and to the debt service fund was $108,838.

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 – MANAGEMENT COMPANY

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

NOTE 10 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims since inception of the District.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Budgeted
 	Amounts	

Actual

Variance with Final Budget - Positive

	  Original & Final	Amounts	(Negative)		
REVENUES		
Developer Contributions	$	77,125	$	58,300	$	(18,825)	
Interest	 	-	31	31	
Total revenues	 	77,125	58,331	(18,794)	

EXPENDITURES
Current:
General government	74,925	58,331	16,594
Maintenance and operations	 	2,200	-	2,200
Total expenditures	 	77,125	58,331	18,794

Excess (deficiency) of revenues over (under) expenditures

  $	-	

-	$	-

Fund  balance - beginning	 	-	

Fund  balance - ending	 $	-	

See notes to required supplementary information

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2018.

Boca Raton, Florida  33431 (561) 994-	-4728
Fax (561) 994-5823
www.graucpa.com

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

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Fronterra Community Development District, Collier County, Florida (“District”) as of and for the fiscal year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 25, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

We noted a matter that we reported to management of the District in a separate letter dated June 25, 2019.

The District’s response to the finding identified in our audit is described in the accompanying Management Letter. 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 entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
June 25, 2019

Boca Raton, Florida  33431 (561) 994-	-4728
Fax (561) 994-5823
www.graucpa.com

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

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

We have examined Fronterra Community Development District, Collier County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2018. 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. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2018.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Fronterra Community Development District, Collier County, Florida and is not intended to be and should not be used by anyone other than these specified parties.
June 25, 2019

Boca Raton, Florida  33431 (561) 994-	-4728
Fax (561) 994-5823
www.graucpa.com

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

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Fronterra Community Development District, Collier County, Florida ("District") as of and for the fiscal year ended September 30, 2018, and have issued our report thereon dated June 25, 2019.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 25, 2019, should be considered in conjunction with this management letter.

Purpose of this Letter

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

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

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

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

June 25, 2019

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS 2018-01 Adjusting Journal Entries:
Observation: During the audit it was necessary to propose numerous journal entries to correct account balances for financial reporting.

Recommendation: We recommend that management ensure that accounts are reconciled during the year to ensure appropriate recording of transactions.

Management Response: The list of journal entries primarily focused on inter-fund transfers and reclassification of unearned revenue resulting from the accounting intricacies affiliated with the construction management handled by the District. The entries will be reduced significantly in the current fiscal year as construction is completed. Also, the District is employing the services of an outside accounting firm to ensure compliance with all journal entries and financial statements.

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2017.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2018, except as noted above.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2018.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2018. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

EXHIBIT 13

Fronterra Community Development District

Real Estate Econometrics, Inc. 707 Orchid Drive, Suite 1 00
Naples, Florida 341 02
Ph: (239) 269-1 341 

June 25, 2019

951 Yamato Road, Suite 280

Grau & Associates
Boca Raton, Florida 33431

in connection with your audit of the financial statements of Fronterra

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States of America (U.S. GAAP).

ection with your examination of the District's compliance

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This representation letter is also provided in conn
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of our knowledge and belief, as of June 25, 2019, the following representations

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Financial Statements
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misstatement, whether due to fraud or error.
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implementation, and maintenance of internal control

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parties, if any, have been appropriately accounted for and disclosed in accordance with U.S. GAAP.

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financial statements, if applicable.

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not consulted a lawyer concerning litigation, claims, or assessments.

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Information Provided
We have provided you with:
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Additional information that you have requested from us for the purpose of the audit.
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1 4) We have no knowledge of any fraud or suspected fraud that affects the District and involves-
Management,
Employees who have significant roles in internal control, or
Others where the fraud could have a material effect on the financial statements.
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preparing financial statements.

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not consulted a lawyer concerning litigation, claims, or assessments.

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regulatory agencies concerning noncompliance with, or

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net position, as applicable.

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noncompliance.

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properly classified and, if applicable, approved.

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principal, as applicable.

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rlnetpeorfrtuendd., internal, and intra-entity activity and balances, if any, have been appropriately classified and
Danedpoasrietsparonpdeirnlyvedsistmcloesnet sde. curities and derivative instruments, if any, are properly classified as to risk

Canadp,itiaflaapspsliectasb, lien,cdluedpinregciinaftreads.tructure and intangible assets, if any, are properly capitalized, reported,
fWorefainraenfcoiallol wreinpgorGtinAgSpBurSptoatseems.ent No. 54, paragraph 18, to determine the fund balance classifications
mWeeasaucrkendowalneddgepreosuernrtedspownitshibinilityprfeosrcrtihbedregquuiidreedlinseusppalenmd etnhtearymeintfhoordmsatoiofn m(ReaSsI)u. reTmheenRt SaI nids spirgensiefinctaanttioansshuamveptnioontscahnadnginetderfprroemtatihoonsseuunsderlyiinngthtehepmrioerapseurreiomde. nWt eanhdapvreesdeisnctlaotsioend otfothyeouRSanI.y
With regard to the requirements of Section 218.415, Florida Statutes:
We acknowledge our responsibility for complying with these requirements.
We acknowledge our responsibility for establishing and maintaining effective internal control over compliance.
We have performed an evaluation ofthe District's compliance with these requirements and the District's controls for ensuring compliance and detecting noncompliance with requirements, as applicable.
There have been no known instances of noncompliance with these requirements as of September 30, 2018.
We have made available all documentation related to compliance with these requirements.
There have been no communications from regulatory agencies, internal auditors, and other practitioners concerning possible noncompliance with these requirements, including communications received after September 30, 2018.
There have been no known instances ofnoncompliance with these requirements occurring subsequent to September 30 20 1 8.

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