Longleaf Pine Community Development District

3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817- 407-723-5900- FAX 407-723-5901
www.longleafpinecdd.com

The regular meeting of the Board of Supervisors and Auditor Selection Committee Meeting of Longleaf Pine Community Development District will be held on Thursday, April 16, 2026, at 2:00 pm at the St. Augustine Airport Conference Center located at 4730 Casa Cola Way, St. Augustine, FL 32095.

Call in number: 1-844-621-3956

Passcode: 2536 634 0209 #

Join online: https://pfmcdd.webex.com/join/carvalhov
BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters





Call to Order Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters

1.
2.
3.

Consideration of Minutes of July 10, 2025, Board of Supervisors’ Rescheduled Meeting Appointment of Auditor Selection Committee
Consideration of Resolution 2026-01, Adopting Goals, Objectives, and Performance Measures & Standards
Review of the Letter from the Supervisor of Elections – St. Johns County (provided under separate cover)
Consideration of Resolution 2026-02, Designating a Date, Time, and Location for the 2026 Landowner’s Meeting [suggested date of November 12, 2026]
Consideration of Resolution 2026-03, Approving a Preliminary Budget for Fiscal Year 2027 and Setting a Public Hearing Date [suggested date of July 16, 2026] Review and Acceptance of FY 2025 Auditor Report
Ratification of FY 2025 Auditor Engagement Letter
Ratification of Landscape Maintenance Agreement with Ruppert Landscape

4.

5.

6.

7.
8.
9.

10. Ratification of Payment Authorizations Nos. 119 – 148

Ratification of Requisition Nos. 77 - 80
Review of District Financial Statements

Other Business



Staff Reports
District Counsel
District Engineer
District Manager



Next Meeting: July 16, 2026



Supervisors Requests and Comments

Adjournment

AUDITOR SELECTION COMMITTEE MEETING AGENDA
Roll Call to Confirm a Quorum
Review and Approval of Audit Documents
Audit RFP Notice
Instructions to Proposers
Evaluation Criteria – with and without price Adjournment






Longleaf Pine Community Development District

Consideration of Minutes of July 10, 2025, Board of Supervisors’ Rescheduled Meeting

MINUTES OF MEETING

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT RESCHEDULED BOARD OF SUPERVISORS’ MEETING
Thursday, July 10, 2025, at 2:00 p.m.
680 Crosswater Parkway Ponte Vedra, FL 32081

Board Members present at roll call in person or via phone:

Kelly White James Stowers Andy Hagan

Chairperson
Vice Chairperson Assistant Secretary

Also, Present in person or via phone:

Vivian Carvalho Kwame Jackson Kiara Cuesta Jennifer Glasgow
Katie Buchanan

District Manager - PFM Group Consulting LLC
Asst. District Manager - PFM Group Consulting LLC (via phone)

District Accountant - PFM Group Consulting LLC District Accountant - PFM Group Consulting LLC District Counsel – Kutak Rock LLP

(via phone) (via phone) (via phone)

FIRST ORDER OF BUSINESS

Call to Order and Roll Call

Ms. Carvalho called the meeting to order at 2:00 p.m. and a quorum was established.

Public Comment Period

There were no public comments at this time.

SECOND ORDER OF BUSINESS

Administrative Matters

Nominations for Vacant Seat 5

1 | P age 

ON MOTION by Mr. Hagan, seconded by Ms. White, with all in favor, the Board nominated Ms. Teri Hansen to Seat 5.

Administer Oath of Office to Newly Appointed Board Member to Seat 5

Ms. Carvalho will administer the Oath of Office prior to the next Board meeting.

Consideration of Resolution 2025-04, Election of Officers

Ms. Carvalho reviewed the current slate of Officers and noted this would add Ms. Hansen.

THIRD ORDER OF BUSINESS

General Business Matters

Consideration of the Minutes of the April 17, 2025, Board of Supervisors Meeting

The Board reviewed the minutes.

Letter

from

Supervisor

of

Elections – St. Johns County

Ms. Carvalho noted there are 189 registered voters in the District as of April 2025, per the letter from the Supervisor of Elections – St. Johns County.

2 | P age 

ON MOTION by Mr. Hagan, seconded by Mr. Stowers, with all in favor, the Board accepted the Letter from the Supervisor of Elections – St. Johns County.

ON MOTION by Ms. White, seconded by Mr. Stowers, with all in favor, the Board approved the Minutes of the April 17, 2024, Board of Supervisors’ Meeting.

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board approved the Resolution 2025-04, Election of Officers with the slate of officers remaining the same and Teri Hansen added as Assistant Secretary.

Public Hearing on the Adoption of the District’s Annual Budget

a.

Public

Comments

and

Testimony
Board Comments Consideration

b.
c.

of

Resolution

2025-07,

Adopting the Fiscal Year

2025/2026

Budget

and

Appropriating Funds

There were no public comments.

There were no Board comments.

Ms. Carvalho reviewed the resolution.

Consideration of Resolution 2025-08, Levying O&M Assessments and Certifying an Assessment Roll

Ms. Carvalho reviewed the resolution.

3 | P age 

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board approved Resolution 2025-08, Levying O&M Assessments and Certifying an Assessment Roll.

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board approved Resolution 2025-07, Adopting the Fiscal Year 2025/2026 Budget and Appropriating Funds with the amounts reflecting in the Exhibits.

ON MOTION by Ms. White, seconded by Mr. Stowers, with all in favor, the Board closed the Public Hearing on the Adoption of the District’s Annual Budget.

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the Board opened the Public Hearing on the Adoption of the District’s Annual Budget.

Consideration of Resolution 2025-09, Adopting the Annual Meeting Schedule for Fiscal Year 2025/2026

Ms. Carvalho reviewed the meeting schedule and noted that the new location is reflected in the resolution. The Board agreed to hold the meetings at 2:30 p.m.

Ratification of Payment Authorizations # 112-118

The Board reviewed the payment authorizations.

Ratification of Requisition # 75 & #76

The Board reviewed the requisitions.

Review

of

District	Financial

Statements

The Board reviewed the District Financials.

There were no comments from the Board.

4 | P age 

ON MOTION by Mr. Stowers, seconded by Mr. Hagan, with all in favor, the Board ratified Requisition #75 & #76.

ON MOTION by Mr. Stowers, seconded by Mr. Hagan, with all in favor, the Board ratified Payment Authorizations #112-118.

ON MOTION by Mr. Hagan, seconded by Mr. Stowers, with all in favor, the Board approved Resolution 2025-09, Adopting the Annual Meeting Schedule for Fiscal Year 2025/2026.

FOURTH ORDER OF BUSINESS

Other Business

Staff Reports

District Counsel – No report.

District Engineer – No report.

District Manager – Ms. Carvalho stated the calendar invites for the new meeting schedule will be sent out and noted that all Board members have completed their Form 1.

Audience

Comments

and

Supervisors Requests

There were no audience comments or Supervisor requests at this time.

FIFTH ORDER OF BUSINESS

Adjournment

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

5 | P age 

ON MOTION by Ms. White, seconded by Mr. Hagan, with all in favor, the July 10, 2025, Board of Supervisors’ Meeting of Longleaf Pine CDD was adjourned at 2:08 p.m.

Longleaf Pine Community Development District

Appointment of Auditor Selection Committee

Longleaf Pine Community Development District

Consideration of Resolution 2026-01, Adopting Goals, Objectives, and Performance Measures and Standards

RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LONGLEAF PINE
COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Longleaf Pine Community Development District (the “District”) is a local
unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified
as Chapter 2024-136, Laws of Florida (“HB 7013”) and creating Section 189.0694, Florida Statutes; and

WHEREAS, pursuant to HB 7013 and Section 189.0694, Florida Statutes, beginning
October 1, 2025, the District shall establish goals and objectives for the District and create performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, the District Manager has prepared the attached goals, objectives, and
performance measures and standards and presented them to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests
of the District to adopt by resolution the attached goals, objectives and performance measures and standards.

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

SECTION 1.

The recitals so stated are true and correct and by this reference are

incorporated into and form a material part of this Resolution.

SECTION 2.

The District Board of Supervisors hereby adopts the goals, objectives and

performance measures and standards as provided in Exhibit A. The District Manager shall take
all actions to comply with Section 189.0694, Florida Statutes, and shall prepare an annual report regarding the District’s success or failure in achieving the adopted goals and objectives for consideration by the Board of the District.

SECTION 3.

If any provision of this resolution is held to be illegal or invalid, the other

provisions shall remain in full force and effect.

SECTION 4.

This resolution shall become effective upon its passage and shall remain in

effect unless rescinded or repealed.

1

PASSED AND ADOPTED this 16th day of April 2026.

ATTEST:

LONGLEAF PINE COMMUNITY DEVELOPMENT
DISTRICT

Secretary/Assistant Secretary

Chairman, Board of Supervisors

Exhibit A: Performance Measures/Standards and Annual Reporting

2

Exhibit A

3

Exhibit A:

Longleaf Pine Community Development District

Goals, Objectives and Annual Reporting Form

Performance Measures/Standards & Annual Reporting Form

October 1, 2025 – September 30, 2026

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

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting at least seven days in advance, as specified in Section 190.007(1), using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised with 7 days notice per statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes  No 

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

2. Financial Transparency and Accountability Goal 2.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.

Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes  No 

Goal 2.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updated financials.
Achieved: Yes  No 

Goal 2.3: Annual Financial Audit
Objective: Conduct an annual independent financial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes  No 

Chair/Vice Chair:	
Print Name:	

Date:	

District Manager:	
Print Name:	

Date:	

Longleaf Pine Community Development District

Review of the Letter from the Supervisor of Elections – St. Johns County (provided under separate cover)

Longleaf Pine Community Development District

Consideration of Resolution 2026-02, Designating a Date, Time, and Location for the 2026 Landowner’s Meeting

RESOLUTION 2026-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING; PROVIDING FOR PUBLICATION; PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, Longleaf Pine Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within St. Johns County, Florida; and

WHEREAS, the District’s Board of Supervisors (“Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by provisions of Chapter 286, Florida Statutes; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing supervisors for the District on the first Tuesday after the first Monday in November, which shall be noticed pursuant to Section 190.006(2)(b), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF

SUPERVISORS

OF	LONGLEAF

PINE

COMMUNITY

DEVELOPMENT DISTRICT:

Section 1. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect three (3) supervisors of the District, shall be held on November 	, 2026, at 	.m. at
	.

Section 2. The District’s Secretary is hereby directed to publish notice of this landowners’ meeting in accordance with the requirements of Section 190.006(2)(a), Florida Statutes.

Section 3. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election has been announced by the Board at its April 16, 2026, meeting. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the District’s Local Records Office located at 	 and the office of the District Manager, PFM Management Services LLC, Inc., 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817.

Section 4. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 16TH DAY OF APRIL 2026.

ATTEST:

LONGLEAF PINE COMMUNITY
DEVELOPMENT DISTRICT

By:	
Its:	

Secretary / Assistant Secretary

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within Longleaf Pine Community Development District (the “District”), containing approximately 528.53 acres in St. Johns County, Florida, advising that a meeting of landowners will be held for the purpose of electing three (3) persons to the District Board of Supervisors. Immediately following the landowners’ meeting there will be convened a meeting of the Board of Supervisors for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.

DATE: TIME: PLACE:

 	

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817. At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District, for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting, the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board of Supervisors meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817. There may be an occasion where one or more supervisors will participate in the meeting by telephone.

Any person requiring special accommodations to participate in these meetings is asked to contact the District Office at (407) 723-5900 at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service at (800) 955-8770 for aid in contacting the District Office.

A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such 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 the appeal is to be based.

Vivian Carvalho District Manager
Run Date(s): 	 & 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION.

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: 	

TIME: 	

LOCATION:	

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. Please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

LANDOWNER PROXY

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
LANDOWNERS’ MEETING – 	

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Longleaf Pine Community Development District to be held at 		, on November
  , 2026, at 	 am., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner

Signature of Legal Owner

Date

Parcel Description

Acreage

Authorized Votes

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes, a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
LANDOWNERS’ MEETING - 	

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Longleaf Pine Community Development District and described as follows:

Description

Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or

Attach Proxy.

I,

	,

as

Landowner,

or

as

the

proxy

holder

of

	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

NAME OF CANDIDATE

NUMBER OF VOTES

Seat 3.
Seat 4.
Seat 5.

 	

 	

Date: 	

Signed: 	 Printed Name: 	 

Longleaf Pine Community Development District

Consideration of Resolution 2026-03, Approving a Preliminary Budget for Fiscal Year 2027 and Setting a Public Hearing Date

RESOLUTION 2026-03
[FY 2027 BUDGET APPROVAL RESOLUTION]

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LONGLEAF PINE COMMUNITY
DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2027; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY
2027”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Longleaf Pine Community Development District (“District”) prior to June 15, 2026, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.

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

1.

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is

hereby approved preliminarily.

2.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION.	A public hearing on said

approved Proposed Budget is hereby declared and set for the following date, time, and location, and
District staff is directed to provide notice of the same in accordance with Florida law:

DATE:
TIME: LOCATION:

	, 2026

3.

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT; POSTING OF PROPOSED

BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the
applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Chapter 189, Florida Statutes.

4.

SEVERABILITY; EFFECTIVE DATE. 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. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 16 DAY OF APRIL, 2026.

ATTEST:

LONGLEAF PINE COMMUNITY DEVELOPMENT
DISTRICT

Secretary / Assistant Secretary

Chair/Vice Chair, Board of Supervisors

Exhibit A: Proposed Budget

1

Exhibit A
FY 2027 Proposed Budget

2

Longleaf Pine CDD
FY27 Proposed Budget

PFM Management Services LLC
3501 Quadrangle Blvd Suite 270
Orlando, FL 32817
407-723-5900

Longleaf Pine CDD
Proposed O&M Budget FY 2027

FY 2027
Proposed Budget

Actuals Through 2/28/25

Anticipated March - Sept

Anticipated FY 2026 Totals

FY 2026 Adopted Budget

Revenues Assessments Interest Income Carry Forward
Net Revenues

$

81,466.69
731.50
-

$

25,928.31
- 76,518.67

$

107,395.00
731.50
76,518.67

$

107,395.00
- 76,518.67

$

116,753.40
- 67,160.27

$

82,198.19

$

102,446.98

$

184,645.17

$

183,913.67

$

183,913.67

General & Administrative Expenses
Public Officials' Insurance Trustee Services
District Management Engineering Disclosure Agent District Counsel
Assessment Administration Reamortization
Audit Arbitrage
Tax Document Preparation Fee Office Miscellaneous
Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees
Irrigation Repairs & Maintenance Meeting Room
Landscape Maintenance Landscape Improvements
Reclaimed Water - Middlebourne POA Contingency
Utilities
General Insurance Crime Insurance
Total Master Expenses

$

2,580.00
2,693.75
12,083.35
- 1,250.00
- 10,000.00
-
-
-
- 29.79
157.00
1,150.00
175.00
-
- 12,484.48
-

$

- 1,562.38
16,916.65
5,104.17
3,750.00
5,000.00
- 250.00
5,900.00
- 15.63
41.71
91.58
2,090.00
- 2,916.67
500.00
17,577.35
5,000.00
6,604.40
9,364.00
3,762.60
-
-

$

2,580.00
4,256.13
29,000.00
5,104.17
5,000.00
5,000.00
10,000.00
250.00
5,900.00
- 15.63
71.50
248.58
3,240.00
175.00
2,916.67
500.00
30,061.83
5,000.00
6,604.40
9,364.00
6,450.17
3,152.00
500.00

$

2,738.00
4,256.13
29,000.00
8,750.00
5,000.00
5,000.00
10,000.00
250.00
5,900.00
1,000.00
14.54
1,000.00
1,500.00
3,240.00
175.00
5,000.00
500.00
33,600.00
5,000.00
- 9,364.00
24,000.00
3,346.00
500.00

$

3,096.00
4,300.00
29,000.00
8,750.00
5,000.00
5,000.00
10,000.00
250.00
6,100.00
1,000.00
20.00
656.27
1,000.00
3,240.00
175.00
5,000.00
200.00
33,600.00
5,000.00
7,000.00
9,364.00
17,000.00
3,782.40
600.00

- 2,687.57
3,152.00
500.00

$

48,942.94

$

86,447.13

$

135,390.07

$

159,133.67

$

159,133.67

Neighborhood Expenses Maintenance of Trees/Wetlands Lake Maintenance
Fountain Maintenance
Total Neighborhood Expenses

$

1,105.00
2,900.00
490.00

$

- 4,060.00
490.00

$

1,105.00
6,960.00
980.00

$

1,000.00
22,800.00
980.00

$

1,500.00
22,300.00
980.00

$

4,495.00

$

4,550.00

$

9,045.00

$

24,780.00

$

24,780.00

Total Expenses

$

53,437.94

$

90,997.13

$

144,435.07

$

183,913.67

$

183,913.67

Net Income (Loss)

$

28,760.25

$

11,449.85

$

40,210.10

$

-

$

-

1

Longleaf Pine CDD
FY 2027 O&M Proposed Assessment Comparison

2026
O&M Assessment (Gross)

2027
O&M Assessment (Gross)

Unit Type

Increase / (Decrease)

Master Units
Neighborhood Units Phase 1 & 2 & 3A

$
$

346.53
346.53

$
$

331.46
331.46

$
$

(15.07)
(15.07)

2

Longleaf Pine Community Development District
O & M Budget Item Description FY 2027

Budget Item Description

Revenues:

Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year.

Carry Forward

Excess funds from prior year that can be used to offset assessments.

General & Administrative Expenditures:

Public Officials’ Liability (POL) Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Fees

The Trustee submits invoices annually for services rendered on bond series. District trust accounts.

These fees are for maintaining the

District Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the District throughout the year.

Disclosure Agent

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the disclosure agent provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Page 1 of 3

3

Longleaf Pine Community Development District
O & M Budget Item Description FY 2027

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Re-amortization

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage

Annual computations are necessary to calculate arbitrage rebate liability to ensure the District's compliance with all tax regulations.

Tax Document Preparation Fee

Annual 1099 processing is required by the IRS to be electronically filed. These are the fee association with the electronic filing.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to monthly meetings, special meetings, and public hearings for the District.

Office Miscellaneous

Other administrative and grounds expenses incurred throughout the year. Specifically, bank fees, checks, postage and printing.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Web Site Maintenance

Website maintenance fee for the district website.

Meeting Room

Fee paid for room to hold board meetings.

Page 2 of 3

4

Longleaf Pine Community Development District
O & M Budget Item Description FY 2027

Landscape Maintenance

Contracted landscaping and Common Area Maintenance within the boundaries of the District.

Landscape Improvements

Improvements in landscape above and beyond what is already contracted for property owned by District.

Reclaimed Water – Middlebourne POA

Reclaimed water consumption costs for irrigation of District common areas.

Contingency

Other expenses incurred throughout the year.

Irrigation Repairs & Maintenance

Inspection and repair of irrigation system.

Utilities

Electricity for Street Lights and Irrigation System as well as water used for irrigation.

General Insurance

General liability insurance.

Neighborhood Expenses (Field Expenditures):

Maintenance of Trees/Wetlands

Maintenance of Trees and wetlands owned by District.

Lake Maintenance

Maintenance of lakes owned by District.

Fountain Maintenance

Contracted Maintenance of the Fountains owned by the District.

Page 3 of 3

5

Longleaf Pine CDD
Proposed Debt Service Fund Budget Series 2022 Special Assessment Bonds FY 2027

"Exhibit B"

Proposed FY 2027 Budget

Revenues:

Special Assessments

$867,575

Total Revenues

$867,575

Expenditures:

Series 2022 - Interest 11/1/26 Series 2022 - Principal 5/1/27 Series 2022 - Interest 5/1/27

$237,125
$160,000
$237,125

Total Expenditures

$634,250

Excess Revenues / (Expenditures)

$233,325

11/1/27 Interest Series 2022

$233,325

6

Longleaf Pine Community Development District

Review and Acceptance of FY 2025 Auditor Report

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

March 20, 2026

To the Board of Supervisors
Longleaf Pine Community Development District St. Johns County, Florida

We have audited the financial statements of Longleaf Pine Community Development District (“District”) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated March 20, 2026. Professional standards require that we advise you of the following matters relating to our audit.

We have also examined the District’s compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025 which was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

Our Responsibility in Relation to the Financial Statement Audit

Our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing 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 over financial reporting. Accordingly, as part of our audit, we considered the internal control of the District solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.

However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Any findings regarding significant deficiencies or material weaknesses in internal control over financial reporting, material noncompliance, or other matters noted during our audit, if any, are communicated in separate reports included in the District’s financial report—titled Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Management Letter Pursuant to the Rules of the Auditor General of the State of Florida.

Page 1 of 4

Planned Scope and Timing of the Audit

We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence

The engagement team, others in our firm, as appropriate, and our firm, have complied with all relevant ethical requirements regarding independence.

With respect to financial statement preparation, the following safeguards are in place:






Management made all decisions and performed all management functions; A competent individual was assigned to oversee the services; Management evaluated the adequacy of the services performed;
Management evaluated and accepted responsibility for the result of the service performed; and
Management established and maintained internal controls, including monitoring ongoing activities.



Qualitative Aspects of the Entity’s Significant Accounting Practices

Significant Accounting Policies

Management is responsible for selecting and applying appropriate accounting policies. A summary of the significant accounting policies adopted by the District is included in Note 2 to the financial statements. There were no new accounting policies adopted and no changes in existing significant accounting policies or their application during the fiscal year, other than those described in Note 2, if any. No matters came to our attention that, under professional standards, we are required to inform you about concerning (1) the methods used to account for significant unusual transactions or (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Accounting Estimates

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments normally reflect management’s knowledge and experience about past and current events and assumptions about future events.

Certain accounting estimates, if present, may be particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them could differ markedly from management’s current judgments.

In connection with our audit, we considered the reasonableness of the accounting estimates used by management. The most sensitive accounting estimate(s) affecting the financial statements included, as applicable:






Management’s estimate of the useful lives of capital assets.
Management’s estimate of the liability for employee compensated absences. Management’s estimate of the Net Other Post-Employment Benefits (OPEB) liability. Management’s estimate of the Net Pension Liability.

If none of the above estimates or other sensitive estimates were applicable in the current year, this section should be read to indicate that no such significant accounting estimates were identified.

Page 2 of 4

We evaluated the key factors and assumptions used by management to develop the estimate(s) and determined that they were reasonable in relation to the financial statements taken as a whole.

Financial Statement Disclosures

Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the District’s financial statements included, as applicable:





Long-term liabilities related to bonds payable and debt service requirements. Litigation, claims, and assessments related to pending legal matters; and Pension and Other Post-Employment Benefit (OPEB) plan disclosures.

If no such disclosures were identified for the current year, this section should be read to indicate that we did not note any financial statement disclosures involving significant judgment or sensitivity.

Circumstances Affecting the Auditor’s Report

Professional standards require us to communicate any circumstances that affect the form or content of our auditor’s report. If applicable, such circumstances—such as a modification of opinion, an emphasis-of-matter or other-matter paragraph, or a reference to substantial doubt about the District’s ability to continue as a going concern—are described in our auditor’s report included in the District’s financial report. If no such circumstances existed, this section should be read to indicate that our report was unmodified.

Significant Difficulties Encountered during the Audit

We encountered no significant difficulties in dealing with management relating to the performance of the audit.

Corrected Misstatements

Professional standards require us to communicate all material misstatements identified and corrected during the audit. Management has corrected all misstatements that were identified as a result of our audit procedures. Any such audit adjustments, if applicable, are summarized in the accompanying schedule of journal entries. If none were identified, this section should be read to indicate that we did not note any misstatements that were material, individually or in the aggregate, to the financial statements taken as a whole.

Disagreements with Management

For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the Districts’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.

Representations Requested from Management

Professional standards require that we obtain certain written representations from management as part of our audit. We have received such representations in a letter. A copy of this letter is available for your review upon request.

Page 3 of 4

Management’s Consultations with Other Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

Other Significant Matters, Findings, or Issues

In the normal course of our professional association with the District, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, significant events or transactions that occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the District’s auditors.

As noted previously in this letter, any current-year findings identified during our audit are communicated in our separate reports titled Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Management Letter Pursuant to the Rules of the Auditor General of the State of Florida. If no findings were identified, this section should be read to indicate that we did not note any additional significant matters or findings requiring communication to those charged with governance.

This report is intended solely for the information and use of the Board of Supervisors and management of the District and is not intended to be and should not be used by anyone other than these specified parties.

Grau & Associates

Page 4 of 4

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT
ST. JOHNS COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA

TABLE OF CONTENTS

Page
1-2

INDEPENDENT AUDITOR’S REPORT

MANAGEMENT’S DISCUSSION AND ANALYSIS

3-6

BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet – Governmental Funds
Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

7
8

9

10

11

12
13-20

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund
Notes to Required Supplementary Information

21
22

OTHER INFORMATION
Data Elements required by FL Statute 218.39 (3) (c)

23

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

24-25

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

26

MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

27-28

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

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Longleaf Pine Community Development District St. Johns County, Florida

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Longleaf Pine Community Development District, St. Johns County, Florida ("District") as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:




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







We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 20, 2026, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

March 20, 2026

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

The management of the Longleaf Pine Community Development District, St. Johns County, Florida (“District”) would like to offer the readers of the District’s financial statements this discussion and analysis of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS



The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $426,521.



The change in the District’s total net position in comparison with the prior fiscal year was $229,983, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.



At September 30, 2025, the District’s governmental funds reported combined ending fund balances of
$2,332,343, an increase of $63,665 in comparison with the prior fiscal year. A portion of fund balance is nonspendable for prepaid items, restricted for debt service and capital projects, assigned to subsequent year’s expenditures, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

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

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

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

Fund Financial Statements

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

3

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

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

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

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

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

Notes to the Financial Statements

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS

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

2025

2024

Assets, excluding capital assets Capital assets, not being depreciated
Total assets
Liabilities, excluding long-term liabilities Long-term liabilities
Total liabilities Net Position
Net investment in capital assets Restricted
Unrestricted
Total net position

$

2,350,417
7,244,850

$

2,581,608
7,226,402

9,595,267

9,808,010

218,746
8,950,000

516,472
9,095,000

9,168,746

9,611,472

(1,705,150)
1,963,370
168,301

(1,868,598)
1,889,096
176,040

$

426,521

$

196,538

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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.

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

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

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,
2025

2024

Revenues:
Program revenues Charges for services
Operating grants and contributions Capital grants and contributions
General revenues Total revenues
Expenses:
General government Maintenance and operations Interest
Total expenses Change in net position Net position - beginning Net position - ending

$

744,989
18,305
68,829
900

$

1,054,011
20,478
92,291
1,265

833,023

1,168,045

64,900
52,510
485,630

64,920
45,039
492,379

603,040

602,338

229,983

565,707

196,538
426,521

(369,169)
196,538

$

$

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025, was $603,040. Program revenues are comprised of assessments and interest income.

GENERAL BUDGETING HIGHLIGHTS

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

5

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2025, the District had $7,244,850 invested in capital assets for its governmental activities. In the government-wide financial statements no depreciation has been taken, which resulted in a net book value of $7,244,850. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2025, the District had $8,950,000 in 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 remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide property 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 Longleaf Pine Community Development District’s Finance Department at 3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817.

6

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2025

Governmental
	Activities	

ASSETS
Cash
Assessments receivable Interest receivable Prepaid items Restricted assets:
Investments Capital assets:
Nondepreciable Total assets

$

183,124
157,628
6,782
2,694

2,000,189

	7,244,850 
	9,595,267 

LIABILITIES
Accounts payable Accrued interest payable Non-current liabilities:
Due within one year
Due in more than one year Total liabilities

18,074
200,672

155,000
	8,795,000 
	9,168,746 

NET POSITION
Net investment in capital assets Restricted for debt service Restricted for capital projects Unrestricted
Total net position

(1,705,150)
376,329
1,587,041
	168,301 
 $	426,521 

See notes to the financial statements

7

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net (Expense) Revenue and Changes in Net Position

Program Revenues

Charges for Services

Operating Grants and Contributions

Capital Grants and Contributions

Governmental Activities

Functions/Programs Primary government:
Governmental activities: General government Maintenance and operations Interest on long-term debt
Total governmental activities

Expenses

$

64,900
52,510
485,630

$

64,900
43,871
636,218

$

-
- 18,305

$

- 68,829
-

$

- 60,190
168,893

603,040

744,989

18,305

68,829

229,083

General revenues:
Unrestricted investment earnings Total general revenues
Change in net position Net position - beginning Net position - ending

	900 
	900 
229,983
	196,538 
 $	426,521 

See notes to the financial statements

8

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds	

Total Governmental Funds

Debt Service

Capital Projects

General

ASSETS
Cash Investments
Assessments receivable Interest receivable Prepaid items
Total assets

$

183,124
- 536
21
2,694

$

- 418,495
157,092
1,414
-

$

- 1,581,694
- 5,347
-

$

183,124
2,000,189
157,628
6,782
2,694

 $	186,375	$	577,001	$	1,587,041	$	2,350,417 

LIABILITIES AND FUND BALANCES
Liabilities: Accounts payable
Total liabilities

$

18,074

$

-

-

$

18,074

18,074

-

-

18,074

Fund balances: Nonspendable:
Prepaid items Restricted for:
Debt service Capital projects
Assigned to:
Subsequent year's expenditures Unassigned
Total fund balances

2,694

-

-

2,694

-
-

577,001
-

- 1,587,041

577,001
1,587,041

76,519
89,088

-
-

-
-

76,519
89,088

168,301

577,001

1,587,041

2,332,343

Total liabilities and fund balances

$

186,375

$

577,001

$

1,587,041

$

2,350,417

See notes to the financial statements

9

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2025

Total fund balances - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets Accumulated depreciation
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All

$

2,332,343

7,244,850
	-	

7,244,850

liabilities, both current and long-term, government-wide financial statements.
Accrued interest payable Bonds payable
Net position of governmental activities

are

reported

in

the

(200,672)
	(8,950,000)	(9,150,672)
 $	426,521 

See notes to the financial statements

10

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds	

Total Governmental Funds

Debt Service

Capital Projects

General

REVENUES
Assessments Interest income
Total revenues

$

108,771
900

$

636,218
18,305

$

- 68,829

$

744,989
88,034

109,671

654,523

68,829

833,023

EXPENDITURES
Current:
General government Maintenance and operations
Debt service: Principal Interest
Capital outlay
Total expenditures

64,900
52,510

-
-

-
-

64,900
52,510

-
-
-

145,000
488,500
-

-
- 18,448

145,000
488,500
18,448

117,410

633,500

18,448

769,358

Excess (deficiency) of revenues over (under) expenditures

(7,739)

21,023

50,381

63,665

OTHER FINANCING SOURCES (USES)
Interfund transfers in (out)
Total other financing sources (uses)

-

(13,879)

13,879

-

-

(13,879)

13,879

-

Net change in fund balances

(7,739)

7,144

64,260

63,665

Fund balances - beginning

176,040

569,857

1,522,781

2,268,678

Fund balances - ending

$

168,301

$

577,001

$

1,587,041

$

2,332,343

See notes to the financial statements

11

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS 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, 2025

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures; however, in the statement of activities, the cost of those assets is eliminated and is capitalized in the statement of net position as capital assets.
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.

$

63,665

18,448

145,000

	2,870 

Change in net position of governmental activities

 $	229,983 

See notes to the financial statements

12

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Longleaf Pine Community Development District ("District") was established on September 23, 2021 by Ordinance 2021-67 of the Board of County Commissioners of St. Johns County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes (“Act”). The Act grants to the District among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board exercises all general powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2025, all of the Board members are affiliated with ICI Crossroads Holdings, LLC (“Developer”).

The Board has the final responsibility for:

1.
2.
3.
4.
5.
6.

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.

13

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 property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

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

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Funds
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 District’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

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

14

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

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

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:

a)

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.

b)

c)
d)

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

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 governmental activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are completed and placed in service.

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

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

15

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

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.

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 nonspendable 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 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.

16

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.

a)

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.

b)
c)
d)
e)
f)

NOTE 4 – DEPOSITS AND INVESTMENTS

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

Investments
The District’s investments were held as follows at September 30, 2025:

Amortized Cost

Credit Risk

Maturities

First American Government Obligation Fund Class Z
Total Investments

Weighted average maturity: 45 days

 $	2,000,189 
 $	2,000,189 

S&P AAAm

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.

17

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
However, the Bond Indenture limits the type of investments held using unspent proceeds.

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

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



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





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

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

NOTE 5 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2025, were as follows:

Fund

Transfers in

Transfers out

Debt service Capital project

$

-

$

13,879

	13,879	-	
 $	13,879 $	13,879 

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the debt service fund to the capital projects fund were made in accordance with the Bond Indentures.
NOTE 6 – CAPITAL ASSETS

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

Ending Balance

Balance

Additions

Reductions

Governmental activities
Capital assets, not being depreciated Construction in progress
Total capital assets, not being depreciated

$

7,226,402

$

18,448

$

-

$

7,244,850

7,226,402

18,448

-

7,244,850

Governmental activities capital assets

$

7,226,402

$

18,448

$

-

$

7,244,850

At the time the District issued its Series 2022 Bonds, the infrastructure intended to serve the District was estimated at a total cost of approximately $18,078,170 consisting of Phase 1 and Phase 2. The infrastructure includes roadways, utilities, stormwater systems and other improvements. A portion of the project costs is expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. The District is to own and maintain the roadways, the stormwater systems, and the landscaping and the other improvements. The utilities are to be owned and maintained by other governmental entities.

18

NOTE 7 – LONG-TERM LIABILITIES

Series 2022
On May 11, 2022, the District issued $9,370,000 of Special Assessment Revenue Bonds, Series 2022, consisting of $735,000 Term Bonds due on May 1, 2027, $950,000 Term Bonds due on May 1, 2032,
$2,820,000 Term Bonds due on May 1, 2042, and $4,865,000 Term Bonds due on May 1, 2052, with fixed interest rates ranging from 4.750% to 5.500%. 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 and principal is to be paid serially on each May 1, commencing May 1, 2023.

The Series 2022 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. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be transferred to the acquisition and construction trust account to pay for project costs in accordance with the bond indenture; this did not occur during the current fiscal year. The District is in compliance with those requirements of the Bond Indenture at September 30, 2025.

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

Beginning Balance

Ending Balance

Due Within One Year

Additions

Reductions

Governmental activities Series 2022
Total

$	9,095,000

$

-

$

145,000

$	8,950,000

$

155,000

$	9,095,000

$

-

$

145,000

$	8,950,000

$

155,000

At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows:

Year ending September 30:

	Governmental Activities	

Principal

Interest

Total

2026
2027
2028
2029
2030
2031-2035
2036-2040
2041-2045
2046-2050
2051-2052

$

155,000
160,000
170,000
180,000
190,000
1,105,000
1,435,000
1,880,000
2,475,000
1,200,000

$

481,613
474,250
466,650
458,150
449,150
2,090,738
1,762,769
1,331,069
753,225
99,825

$

636,613
634,250
636,650
638,150
639,150
3,195,738
3,197,769
3,211,069
3,228,225
1,299,825

 $	8,950,000	$	8,367,439	$  17,317,439 

NOTE 8 – DEVELOPER TRANSACTIONS AND CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer Landowner, the loss of which could have a material adverse effect on the District’s operations. Assessments include amounts paid by the Developer on Developer owned lots.

19

NOTE 9 – COST SHARE AGREEMENT

The District has entered into a cost share agreement with Middlebourne Property Owners Association, Inc. (the “Association”) for a re-use water meter that serves property owned by both parties. Under the agreement, the Association invoices the District quarterly for the District’s proportionate share of irrigation utility costs, which are payable within 30 days of receipt. The agreement may be terminated by either party upon 90 days’ written notice.

NOTE 10 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 11 – 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 during the past three years.

20

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Variance with Final Budget - Positive (Negative)

Budgeted
	Amounts	 Original & Final

Actual Amounts

REVENUES
Assessments Interest income
Total revenues

$

107,395
-

$

108,771
900

$

1,376
900

107,395

109,671

2,276

EXPENDITURES
Current:
General government Maintenance and operations
Total expenditures

157,615
24,780
182,395

64,900
52,510
117,410

92,715
(27,730)
64,985

Excess (deficiency) of revenues over (under) expenditures

(75,000)

(7,739)

67,261

OTHER FINANCING SOURCES (USES)
Carry forward surplus
Total other financing sources (uses)

75,000
75,000

-
-

(75,000)
(75,000)

Net change in fund balances

 $	-	

(7,739)  $	(7,739)

Fund balance - beginning

	176,040 

Fund balance - ending

 $	168,301 

See notes to required supplementary information

21

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS 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, 2025.

22

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED

Element

Comments

23

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

0

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

3

Employee compensation

$0

Independent contractor compensation

$78,230

Construction projects to begin on or after October 1; ($65K)

Not applicable

Budget variance report

Ad Valorem taxes;

Not applicable

Non ad valorem special assessments;

Special assessment rate

Operations and maintenance - $346.53
Debt service - $1,459.66 - 1,605.63

Special assessments collected

$744,989

Outstanding Bonds:

Series 2022, due May 1, 2052

$8,950,000

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

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

To the Board of Supervisors
Longleaf Pine Community Development District St. Johns 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 Longleaf Pine Community Development District, St. Johns County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated March 20, 2026.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

24

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

March 20, 2026

25

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

INDEPENDENT AUDITOR’S REPORT ON 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
Longleaf Pine Community Development District St. Johns County, Florida

We have examined Longleaf Pine Community Development District, St. Johns County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for 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.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

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

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

March 20, 2026

26

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
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
Longleaf Pine Community Development District St. Johns County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Longleaf Pine Community Development District, St. Johns County, Florida ("District") as of and for the fiscal year ended September 30, 2025 and have issued our report thereon dated March 20, 2026.

Auditor’s Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 20, 2026, should be considered in conjunction with this management letter.

Purpose of this Letter

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

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

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

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

March 20, 2026

27

REPORT TO MANAGEMENT

I.

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

II.

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

III.

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:

1.

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.

2.

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

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

3.

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

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

4.

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

5.

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

6.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2025. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

7.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 23.

28

Longleaf Pine Community Development District

Ratification of FY 2025 Auditor Engagement Letter

Longleaf Pine Community Development District

Ratification of Landscape Maintenance Agreement with Ruppert Landscape

Longleaf Pine Community Development District

Ratification of Payment Authorization Nos. 119 – 148

Longleaf Pine Community Development District

Ratification of Requisition Nos. 77 – 80

Longleaf Pine Community Development District

Review of District Financial Statements

Longleaf Pine CDD
February 2026 Financial Package

February 28, 2026

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Longleaf Pine CDD Statement of Financial Position As of 2/28/2026

General Fund

Debt Service
Fund

Capital Projects
Fund

Long Term Debt Group

Total

Assets

Current Assets
General Checking Account Assessments Receivable Assessments Receivable
Debt Service Reserve Series 2022 Revenue Series 2022
Acquisition/Construction 2022 Series
Total Current Assets

$208,484.79
25,927.43

$208,484.79 25,927.43
369,976.57
317,500.00
281,358.94
1,607,483.03

$369,976.57 317,500.00
281,358.94

$1,607,483.03

$234,412.22

$968,835.51

$1,607,483.03

$0.00

$2,810,730.76

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

$598,858.94
8,351,141.06

$598,858.94
8,351,141.06

$0.00

$0.00

$0.00

$8,950,000.00

$8,950,000.00

Total Assets

$234,412.22

$968,835.51

$1,607,483.03

$8,950,000.00

$11,760,730.76

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue
Total Current Liabilities

$11,424.12
25,927.43

$11,424.12 25,927.43
369,976.57

$369,976.57

$37,351.55

$369,976.57

$0.00

$0.00

$407,328.12

Long Term Liabilities
Revenue Bonds Payable - Long-Term
Total Long Term Liabilities

$8,950,000.00

$8,950,000.00

$0.00

$0.00

$0.00

$8,950,000.00

$8,950,000.00

Total Liabilities

$37,351.55

$369,976.57

$0.00

$8,950,000.00

$9,357,328.12

Net Assets
Net Assets - General Government
Current Year Net Assets - General Government

$168,300.42
28,760.25

$168,300.42
28,760.25

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$577,001.02
21,857.92

577,001.02
21,857.92

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$1,612,540.62
20,442.41

1,612,540.62
20,442.41

Net Assets - General Government
Total Net Assets

(25,500.00)

(25,500.00)

$197,060.67

$598,858.94

$1,607,483.03

$0.00

$2,403,402.64

Total Liabilities and Net Assets

$234,412.22

$968,835.51

$1,607,483.03

$8,950,000.00

$11,760,730.76

1

Longleaf Pine CDD Statement of Activities As of 2/28/2026

General Fund

Debt Service
Fund

Capital Projects
Fund

Long Term Debt
Group

Total

Revenues

On-Roll Assessments Off-Roll Assessments On-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Transfers In
Total Revenues

$58,389.01
23,077.68

$58,389.01 23,077.68
262,954.68
(5,117.98)
5,117.98

$262,954.68
(5,117.98)

$5,117.98

$81,466.69

$257,836.70

$5,117.98

$0.00

$344,421.37

Expenses

Public Officials Insurance Trustee Services Management
Disclosure Agent Assessment Administration Postage & Shipping
Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees Fountains
Other Utilities
General Liabillity Insurance Crime Insurance
Lake Maintenance
Landscaping Maintenance & Material Maintenance of Trees/Wetlands Interest Payments
Engineering
Total Expenses

$2,580.00 2,693.75
12,083.35
1,250.00
10,000.00
29.79
157.00
1,150.00
175.00
490.00
2,687.57
3,152.00
500.00
2,900.00
12,484.48
1,105.00

$2,580.00 2,693.75
12,083.35
1,250.00
10,000.00
29.79
157.00
1,150.00
175.00
490.00
2,687.57
3,152.00
500.00
2,900.00
12,484.48
1,105.00
240,806.25
4,998.35

$240,806.25

$4,998.35

$53,437.94

$240,806.25

$4,998.35

$0.00

$299,242.54

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

$731.50

$731.50 4,827.47
20,322.78

$4,827.47

$20,322.78

$731.50

$4,827.47

$20,322.78

$0.00

$25,881.75

Change In Net Assets

$28,760.25

$21,857.92

$20,442.41

$0.00

$71,060.58

Net Assets At Beginning Of Year

$168,300.42

$577,001.02

$1,587,040.62

$0.00

$2,332,342.06

Net Assets At End Of Year

$197,060.67

$598,858.94

$1,607,483.03

$0.00

$2,403,402.64

2

Longleaf Pine CDD
Budget to Actual
For the Period Ending 2/28/2026

Year to Date

FY 2026
Adopted Budget

Percentage Spent

Actual

Budget

Variance

Revenues
Assessments Carry Forward
Total Revenues

$

81,466.69
-

$

44,747.92
31,882.78

$ 36,718.77
(31,882.78)

$ 107,395.00
76,518.67

75.86%
0.00%

$

81,466.69

$

76,630.70

$

4,835.99

$ 183,913.67

44.30%

General & Administrative Expenses
Public Officials' Insurance Trustee Services
District Management Engineering Disclosure Agent District Counsel
Assessment Administration Reamortization
Audit Arbitrage
Tax Document Preparation Fee Office Miscellaneous
Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees
Irrigation Repairs & Maintenance Meeting Room
Landscape Maintenance Landscape Improvements Contingency
Utilities
General Insurance Crime Insurance
Total General & Administrative Expenses

$

2,580.00
2,693.75
12,083.35
- 1,250.00
- 10,000.00
-
-
-
- 29.79
157.00
1,150.00
175.00
-
- 12,484.48
-
- 2,687.57
3,152.00
500.00

$

1,140.83
1,773.39
12,083.33
3,645.83
2,083.33
2,083.33
4,166.67
104.17
2,458.33
416.67
6.06
416.67
625.00
1,350.00
72.92
2,083.33
208.33
14,000.00
2,083.33
3,901.67
10,000.00
1,394.17
208.33

$

1,439.17
920.36
0.02
(3,645.83)
(833.33)
(2,083.33)
5,833.33
(104.17)
(2,458.33)
(416.67)
(6.06)
(386.88)
(468.00)
(200.00)
102.08
(2,083.33)
(208.33)
(1,515.52)
(2,083.33)
(3,901.67)
(7,312.43)
1,757.83
291.67

$

2,738.00
4,256.13
29,000.00
8,750.00
5,000.00
5,000.00
10,000.00
250.00
5,900.00
1,000.00
14.54
1,000.00
1,500.00
3,240.00
175.00
5,000.00
500.00
33,600.00
5,000.00
9,364.00
24,000.00
3,346.00
500.00

94.23%
63.29%
41.67%
0.00%
25.00%
0.00%
100.00%
0.00%
0.00%
0.00%
0.00%
2.98%
10.47%
35.49%
100.00%
0.00%
0.00%
37.16%
0.00%
0.00%
11.20%
94.20%
100.00%

$

48,942.94

$

66,305.70

$ (17,362.76)

$

159,133.67

30.76%

Neighborhood Expenses Maintenance of Trees/Wetlands Lake Maintenance
Fountain Maintenance
Total Neighborhood Expenses

$

1,105.00
2,900.00
490.00

416.67
9,500.00
408.33

$

688.33
(6,600.00)
81.67

$

1,000.00
22,800.00
980.00

110.50%
12.72%
50.00%

$

4,495.00

$

10,325.00

$

(5,830.00)

$

24,780.00

18.14%

Total Expenses

 $	53,437.94   $	76,630.70   $ (23,192.76)

 $ 183,913.67 

	29.06%

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$

731.50

$

-

$

731.50

$

-

$

731.50

$

-

$

731.50

$

-

Net Income (Loss)

$

28,760.25

$

-

$

28,760.25

$

-

3

Longleaf Pine Community Development District

Staff Reports

Longleaf Pine Community Development District

Auditor Selection Committee Meeting

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT

NOTICE OF AUDITOR SELECTION COMMITTEE MEETING AND REGULAR BOARD OF SUPERVISORS’ MEETING.

The Board of Supervisors of the Longleaf Pine Community Development District will hold an Auditor Selection Committee meeting and regular meeting of the Board of Supervisors on July 16, 2026, at 2:30 PM. at St. Augustine Airport Conference Center located at 4730 Casa Cola Way, St. Augustine, FL 32095. The Auditor Selection Committee will review, discuss and establish the minimum qualifications and evaluation criteria that the District will use to solicit audit services. The regular Board meeting will take place prior to the Auditor Selection Committee meeting where the Board may consider any other business that may properly come before it. A copy of the agendas and budget may be obtained at the offices of the District Manager, PFM Management Services LLC., located at 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817, (407) 723-5900, during normal business hours.

The public hearing and meetings are open to the public and will be conducted in accordance with the provisions of Florida law. The public hearing and meetings may be continued to a date, time, and place to be specified on the record at the meetings. There may be occasions when Board Supervisors or District Staff may participate by telephone.

Pursuant to the Americans with Disabilities Act, any person requiring special accommodations to participate in these meetings is asked to advise the District Office at
(407) 723-5900 at least forty-eight (48) hours prior to the meetings. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

Any person who decides to appeal any decision made by the Board or the Committee with respect to any matter considered at the public hearing or meetings is advised that this same 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.

Vivian Carvalho District Manager

RUN DATE: 	

LONGLEAF PINE COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Longleaf Pine Community Development District hereby requests proposals for annual financial auditing services. The proposal must provide for the auditing of the District’s financial records for the fiscal year ending September 30, 2026, with an option for four (4) additional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in St. Johns County and has an operating budget of approximately $	. The final contract will require that, among other things, the audit for Fiscal Year 2026 be completed no later than June 1, 2026.

Each auditing entity submitting a proposal must be authorized to do business in Florida; hold all applicable state and federal professional licenses in good standing, including but not limited to a license under Chapter 473, Florida Statutes; and be qualified to conduct audits in accordance with “Government Auditing Standards,” as adopted by the Florida Board of Accountancy. Audits shall be conducted in accordance with Florida law and particularly Section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include additional qualification requirements, evaluation criteria and instructions to proposers, are available from the District Manager at the address and telephone number listed below.

Proposers must provide three (3) copies of their proposal to Vivian Carvalho, District Manager, located at 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817, in an envelope marked on the outside “Auditing Services- Longleaf Pine Community Development District.” Proposals must be received by DATE and TIME, at the office of the District Manager. Please direct all questions regarding this Request for Proposals to the District Manager, who can be reached at (407) 723-5900.

Any protest regarding the terms of this Notice, or the proposal packages on file with the District Manager, must be filed in writing at the offices of the District Manager within seventy-two (72) calendar hours (excluding weekends) after publication of this Notice. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid Notice or proposal package provisions.

Longleaf Pine Community Development District Vivian Carvalho, District Manager

RUN DATE: 	

Longleaf Pine Community Development District Request for Proposals

District Auditing Services for Fiscal Year 2026
St. Johns County, Florida

Instructions to Proposers

Section 1.

Due Date.	Sealed proposals must be received no later than

DATE and TIME, at the offices of the District Manager, PFM Management Services LLC., located at 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817.

Section 2.

Familiarity with the Law.	By submitting a proposal, the

Proposer is assumed to be familiar with all federal, state, and local laws, ordinances,

rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

Section 3.

Qualifications of Proposer. The contract, if awarded, will only

be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

Section 4.

Submission of Only One Proposal.	Proposers shall be

disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous

contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

Section 5.

Submission of Proposal. Each Proposer shall submit three (3)

copies of the Proposal Documents (defined below), and other requested attachments at

the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title “Auditing Services – Longleaf Pine Community Development District” on the face of it.

Section 6.

Modification and Withdrawal. Proposals may be modified or

withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period of ninety (90) days.

Section 7.

Proposal Documents. The proposal documents shall consist of

the notice announcing the request for proposals, these instructions, the evaluation

criteria and a proposal with all required documentation pursuant to Section 12 of these instructions (the “Proposal Documents”).

Section 8.

Proposal. In making its proposal, each Proposer represents that

it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

Section 9.	Basis of Award/Right to Reject. The District reserves the right

to reject any and all proposals, make

modifications to the work, and waive any as it is deemed in the best interests of the

informalities or irregularities in proposals District.

Section 10.

Contract Award.

Within fourteen (14) days of receipt of the

Notice of Award from the District, the Proposer shall enter into and execute a contract or engagement letter with the District.

Section 11.

Limitation of Liability. Nothing herein shall be construed as or

constitute a waiver of District=s limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

Section 12.

Contents  of  Proposals.

All proposals shall include the

following information in addition to any other requirements of the Proposal Documents.

A.

List position or title of all personnel to perform work on the District audit. Include resumes for each person listed; list years of experience in present position for each party listed and years of related experience.

B.

Describe proposed staffing levels, including resumes with applicable certifications.

C.

Provide three (3) references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person. Identify any work previously conducted for other community development districts.

D.

The lump sum cost of the provision of the services under the proposal, plus the cost of two (2) annual renewals.

Section 13.

Protests. In accordance with the District’s Rules of Procedure,

any protest regarding the Proposal Documents, must be filed in writing, at the offices of

the District Manager, within seventy-two (72) hours after the receipt of the proposed contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to aforesaid contract award.

Section 14.

Evaluation of Proposals. The criteria to be used in the evaluation of

proposals are presented in the evaluation criteria, contained within the Proposal Documents.

AUDITOR SELECTION COMMITTEE EVALUATION CRITERIA (WITH PRICE)

1.

Ability of Personnel.

(20 Points)

This includes the geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.

2.

Proposer’s Experience.

(20 Points)

This includes past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other community development districts in other contracts; character, integrity, reputation, of respondent, etc.

3.

Understanding of Scope of Work.

(20 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

4.

Ability to Furnish the Required Services.

(20 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required.

5.

Price.

(20 Points)

Points will be awarded based upon the lowest total bid for rendering the services and the reasonableness of the proposal.

AUDITOR SELECTION EVALUATION CRITERIA (WITHOUT PRICE)

1.

Ability of Personnel.

(25 Points)

This includes the geographic locations of the firm’s headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing work load; proposed staffing levels, etc.

2.

Proposer’s Experience.

(25 Points)

This includes past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other community development districts in other contracts; character, integrity, reputation, of respondent, etc.

3.

Understanding of Scope of Work.

(25 Points)

Extent to which the proposal demonstrates an understanding of the District’s needs for the services requested.

4.

Ability to Furnish the Required Services.

(25 Points)

Extent to which the proposal demonstrates the adequacy of Proposer’s financial resources and stability as a business entity necessary to complete the services required.