Midtown Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900
https://midtownid.com

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Midtown Improvement District (“District”), scheduled to be held at 3:30 p.m. on Tuesday, July 21 2026, at 6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via the computer or the conference line: Phone: 1-844-621-3956	Computer: pfmcdd.webex.com	Participant Code: 2531 126 0013#

AUDITOR SELECTION COMMITTEE MEETING AGENDA
Roll Call to Confirm a Quorum
Public Comment Period
Review of Auditing Services Proposals
Grau & Associates
Richie Tandoc, P.A.
Carr, Riggs & Ingram
McIntosh CPA
Ranking of Auditing Services Proposals
Adjournment

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm Quorum
Public Comment Period
Consideration of the Minutes of the June 16, 2026, Board of Supervisors’ Meeting

Business Matters
Review of Auditor Selection Committee Rankings & Selection of Auditor
Consideration of 2nd Amendment to Personnel Leasing Agreement with Berman
Consideration of Tree Pruning Proposals
Paradise Arbor & Outdoors - $15,987.00
DWC Outdoors & Hauling LLC - $10,500.00
Ratification of Operation and Maintenance Expenditures Paid in June 2026 in an amount totaling $47,423.60
Recommendation of Work Authorizations/Proposed Services (if applicable)
Review of District Financials

Other Business
Staff Reports

District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

Auditing Services Proposals

Grau & Associates

Proposal to Provide Financial Auditing Services:
MIDTOWN IMPROVEMENT DISTRICT

Due Date: June 30, 2026 3:00PM
Submitted to:
Midtown Improvement District c/o District Manager
3501 Quadrangle Blvd, Suite 270
Orlando, Florida 32817

Submitted by:
Antonio J. Grau, Partner Grau & Associates
1001 Yamato Road, Suite 301 Boca Raton, Florida 33431 Tel	(561) 994-9299
Fax	(561) 994-5823
tgrau@graucpa.com www.graucpa.com

Table of Contents

PAGE

EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS	3
FIRM & STAFF EXPERIENCE	6
REFERENCES	11
SPECIFIC AUDIT APPROACH	13
COST OF SERVICES	17
SUPPLEMENTAL INFORMATION	19

June 30, 2026

Midtown Improvement District c/o District Manager
3501 Quadrangle Boulevard, Suite 270
Orlando, Florida 32817
Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2026, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the Midtown Improvement District’s (the “District”) Request for Proposal (RFP), and we look forward to working with you on your audit. We are an energetic and robust team of knowledgeable professionals and are a recognized leader of providing services to Community Development Districts. As one of Florida’s few firms to primarily focus on government, we are especially equipped to provide you an effective and efficient audit.
Government audits are at the core of our practice: 95% of our work is performing audits for local governments and of that 98% are for special districts. With our significant experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to your operations.

Why Grau & Associates:

Knowledgeable Audit Team
Grau is proud that the personnel we assign to your audit are some of the most seasoned auditors in the field. Our staff performs governmental engagements year-round. When not working on your audit, your team is refining their audit approach for next year’s audit. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you.
Servicing your Individual Needs
Our clients enjoy personalized service designed to satisfy their unique needs and requirements. Throughout the process of our audit, you will find that we welcome working with you to resolve any issues as swiftly and easily as possible. In addition, due to Grau’s very low turnover rate for our industry, you also won’t have to worry about retraining your auditors from year to year.

Developing Relationships
We strive to foster mutually beneficial relationships with our clients. We stay in touch year-round, updating, collaborating and assisting you in implementing new legislation, rules and standards that affect your organization. We are also available as a sounding board and assist with technical questions.

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.

Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.
This proposal is a firm and irrevocable offer for 90 days. We certify this proposal is made without previous understanding, agreement or connection either with any previous firms or corporations offering a proposal for the same items. We also certify our proposal is in all respects fair, without outside control, collusion, fraud, or otherwise illegal action, and was prepared in good faith. Only the person(s), company or parties interested in the project as principals are named in the proposal. Grau has no existing or potential conflicts and anticipates no conflicts during the engagement. Our Federal I.D. number is 20-2067322.
We would be happy to answer any questions or to provide any additional information. We are genuinely excited about the prospect of serving you and establishing a long-term relationship. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or Ben Steets, CPA (bsteets@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience.

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

Our Team

3	12	2
Partners	Professional Administrative
Staff	Professionals

9/17

Services Provided

Employees are CPAS

Year founded

Properly registered and licensed professional corporation by the state of FLORIDA

We are proud Members of the American Institute of Certified Public Accountants
&

9
Professional Groups

the Florida Institute of Certified Public Accountants

See next page for report and certificate

 External quality review program: consistently receives a pass
 Internal: ongoing monitoring to maintain quality

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

SDS
60

RIZZETTA
47

MERITUS
23

GRAU AND ASSOCIATES COMMUNITY	
DEVELOPMENT DISTRICT EXPERIENCE	
BY MANAGEMENT COMPANY	

OTHER 19	

PFM 12	
WRATHELL		
30		
	GMS	
	78	
INFRAMARK		
38		

Profile Briefs:
Antonio J GRAU, CPA (Partner)
Years Performing Audits: 35+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 58 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

Ben Steets, CPA (Partner)
Years Performing Audits: 10+
CPE (last 2 years): Government Accounting, Auditing: 28 hours; Accounting, Auditing and Other: 88 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

“Here at Grau & Associates, staying up to date with the current technological landscape is one of our top priorities. Not only does it provide a more positive experience for our clients, but it also allows us to perform a more effective and efficient audit. With the every changing technology available and utilized by our clients, we are constantly innovating our audit process.”
Tony Grau
“Quality audits and exceptional client service are at the heart of every decision we make. Our clients trust us to deliver a quality audit, adhering to high standards and assisting them with improvements for their organization.”
Ben Steets

YOUR ENGAGEMENT TEAM

Audit
Manager

Audit Senior

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team. The Certified Information Technology Professional (CITP) Partner will bring a unique blend of IT expertise and understanding of accounting principles to the financial statement audit of the District.

	Engagement
Partner	

CITP Partner	
Your Successful
Audit	

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.

The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.

Antonio ‘Tony ‘J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

Education
University of South Florida (1983)
Bachelor of Arts Business Administration

Clients Served (partial list)
(>300) Various Special Districts, including:

Bayside Improvement Community Development District	St. Lucie West Services District
Dunes Community Development District	Ave Maria Stewardship Community District Fishhawk Community Development District (I, II, IV)	Rivers Edge II Community Development District Grand Bay at Doral Community Development District	Bartram Park Community Development District Heritage Harbor North Community Development District	Bay Laurel Center Community Development District

Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control

Professional Associations/Memberships
American Institute of Certified Public Accountants Florida Government Finance Officers Association Florida Institute of Certified Public Accountants Government Finance Officers Association Member City of Boca Raton Financial Advisory Board Member

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	58
Total Hours	82 (includes of 4 hours of Ethics CPE)

Clients Served (partial list)

Ben Steets, CPA, Partner
Contact : bsteets@graucpa.com / (561) 939-6669

Experience			
Grau & Associates	Partner	2023-Present	
Grau & Associates	Manager	2021-2023	
Grau & Associates	Senior Auditor	2018-2021	
Grau & Associates	Staff Auditor	2016-2018	
PCAOB Registered	Staff Auditor	2015-2016	
Firm		
Education		
Florida Atlantic University (2015)		

(>300) Various Special Districts	San Carlos Park Fire and Rescue Service District Careersource Polk	Sanibel Fire and Rescue District
Central Broward Water Control District	South Broward Drainage District Dunes Community Development District	South Trail Fire and Rescue District Greater Naples Fire Rescue District	Town of Highland Beach
Key Marco Community Development District Town of Lauderdale-By-The-Sea
Lake Worth Drainage District	Verano Walk Community Development District Mae Volen Senior Center	West Villages Improvement District
Port of the Islands Community Improvement Winding Cypress Community Development District	District

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	28
Accounting, Auditing and Other	88
Total Hours	116 (includes 4 hours of Ethics CPE)
Professional Associations/Memberships American Institute of Certified Public Accountants Florida Institute of Certified Public Accountants

References

We have included three references of government engagements that require compliance with laws and regulations, follow fund accounting, and have financing requirements, which we believe are similar to the District.

 Dunes Community Development District	

Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 1998	
Client Contact	Darrin Mossing, Finance Director	
	475 W. Town Place, Suite 114	
	St. Augustine, Florida 32092	
	                    904-940-5850		

 Two Creeks Community Development District	

Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 2007	
Client Contact	William Rizzetta, President	
	3434 Colwell Avenue, Suite 200	
	Tampa, Florida 33614	
	                   813-933-5571		

 Journey’s End Community Development District	

Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 2004	
Client Contact	Todd Wodraska, Vice President	
	2501 A Burns Road	
	Palm Beach Gardens, Florida 33410	
	                   561-630-4922		

Specific Audit Approach

AUDIT APPROACH
Grau’s Understanding of Work Product / Scope of Services:
We recognize the District is an important entity and we are confident our firm is eminently qualified to meet the challenges of this engagement and deliver quality audit services. You would be a valued client of our firm and we pledge to commit all firm resources to provide the level and quality of services (as described below) which not only meet the requirements set forth in the RFP but will exceed those expectations. Grau & Associates fully understands the scope of professional services and work products requested. Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida and any other applicable Federal, State of Local regulations. We will deliver our reports in accordance with your requirements.

Proposed segmentation of the engagement
Our approach to the audit engagement is a risk-based approach which integrates the best of traditional auditing techniques and a total systems concept to enable the team to conduct a more efficient and effective audit. The audit will be conducted in three phases, which are as follows:

PHASE I:
Preliminary Planning

PHASE II:
Execution of the Audit Plan

PHASE III:
Completion and Delivery

Phase I - Preliminary Planning
A thorough understanding of your organization, service objectives and operating environment is essential for the development of an audit plan and for an efficient, cost-effective audit. During this phase, we will meet with appropriate personnel to obtain and document our understanding of your operations and service objectives and, at the same time, give you the opportunity to express your expectations with respect to the services that we will provide. Our work effort will be coordinated so that there will be minimal disruption to your staff.
During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.

Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
» Perform tests of compliance.
Phase III - Completion and Delivery

In this phase of the audit, we will complete the tasks related to year-end balances and financial reporting. All reports will be reviewed with management before issuance, and the partners will be available to meet and discuss our report and address any questions. Tasks to be performed in Phase III include, but are not limited to the following:

» Perform final analytical procedures;
» Review information and make inquiries for subsequent events; and
» Meeting with Management to discuss preparation of draft financial statements and any potential findings or recommendations.

You should expect more from your accounting firm than a signature in your annual financial report. Our concept of truly responsive professional service emphasizes taking an active interest in the issues of concern to our clients and serving as an effective resource in dealing with those issues. In following this approach, we not only audit financial information with hindsight but also consider the foresight you apply in managing operations.

Application of this approach in developing our management letter is particularly important given the increasing financial pressures and public scrutiny facing today’s public officials. We will prepare the management letter at the completion of our final procedures.
In preparing this management letter, we will initially review any draft comments or recommendations with management. In addition, we will take necessary steps to ensure that matters are communicated to those charged with governance.
In addition to communicating any recommendations, we will also communicate the following, if any:

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
» Difficulties encountered in performing the audit.

Is the recommendation cost effective?
Is the recommendation the simplest to effectuate in order to correct a problem?

Is the recommendation at the heart of the problem and not just correcting a symptomatic matter?

Is the corrective action taking into account why the deficiency occurred?

Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

To assure full agreement with facts and circumstances, we will fully discuss each item with Management prior to the final exit conference. This policy means there will be no “surprises” in the management letter and fosters a professional, cooperative atmosphere.
Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.
Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2026-2030 are as follows:

  Year Ended September 30,			Fee		
2026	$4,000	
2027	$4,100	
2028	$4,200	
2029	$4,300	
2030	$4,400	
TOTAL (2026-2030)	$21,000	

The above fees are based on the assumption that the District maintains its current level of operations. Should conditions change or Bonds are issued the fees would be adjusted accordingly upon approval from all parties concerned.

Supplemental Information

 	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Farms Water Control District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Asbury Municipal Service Benefit District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Water Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Port of The Islands Community Improvement District					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunrise Lakes Phase IV Recreation District					9/30	
Sunshine Water Control District					9/30	
Sunny Hills Units 12-15 Dependent District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (452)					9/30	
TOTAL	491	5	4	484		

CONSULTING / MANAGEMENT ADVISORY SERVICES
Grau & Associates also provide a broad range of other management consulting services. Our expertise has been consistently utilized by Governmental and Non-Profit entities throughout Florida. Examples of engagements performed are as follows:

Accounting systems	 Fixed asset records
Development of budgets	 Cost reimbursement
Organizational structures	 Indirect cost allocation
Financing alternatives	 Grant administration and compliance
IT Auditing

ARBITRAGE

The federal government has imposed complex rules to restrict the use	Current

of tax-exempt financing. Their principal purpose is to eliminate any

73 Arbitrage

significant arbitrage incentives in a tax-exempt issue. We have	Calculations determined the applicability of these requirements and performed the
rebate calculations for more than 150 bond issues, including both fixed and variable rate bonds.

We look forward to providing Midtown Improvement District with our resources and experience to accomplish not only those minimum requirements set forth in your Request for Proposal, but to exceed those expectations!

For even more information on Grau & Associates please visit us on www.graucpa.com.

Midtown Improvement District

Richie Tandoc, P.A.

Proposal
To Serve	
MIDTOWN
-	IMPROVEMENT DISTRICT -
I	

In Response to Request for Proposals for:

Annual Audit Services

Due by: 3:00 pm,June 30, 2026	

Contact:

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�	Certified -Pvtl?lit Acco&t\rltt:11,it & u.w1s&tlttw1t

Richie C. Tandoc, Audit & Assurance Partner Email: richie@rtandoc�cpa.com
13453 SW 105th Avenue Miami, Florida 33176
Tel. (305) 720�2502, ext. 101

MIDTOWN IMPROVEMENT DISTRICT

TABLE OF CONTENTS

Page(s)

Letter of Transmittal / Executive Summary...................................................................................	1/2

Proposal Requirements:
Firm Background........................................................................................................................................	3/4
Proposed Engagement Tearn.................................................................................................................	4/ 7
Experience in Auditing Special Districts.........................................................................................	7/9
Understanding of and Ability to Furnish the Scope of Work.................................................	9
Proposed Fees..............................................................................................................................................	9/10
Proposed Timetable...................................................................................................................................	10

Letter of Transmittal / Executive Summary

.

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Junel9,2026

Jennifer Walden District Manager
Midtown Improvement District
3501 Quadrangle Boulevard, Suite 270
Orlando, FL 32817

RE: Proposal to Provide Annual Audit Services

Dear Ms. Walden:

Richie Tandoc, P.A. is pleased to have the opportunity to submit a proposal to provide annual audit services to Midtown Improvement District (the "District") for the fiscal year ending September 30, 2026, with the option to renew annually for the fiscal years ending September 30, 2027, 2028, 2029 and 2030.
Richie Tandoc, P.A. is committed to providing value-added and quality services to the District, combining the responsive personal contact associated with a smaller firm and the sophisticated professional resources of a larger firm. As leaders in servicing governmental and non-profit entities, Richie Tandoc, P.A. is fully qualified to provide audit services to the District. We strive to exceed the expectations of our clients, with a commitment to total quality service. Translating our experience and resources into effective and efficient value-added services to the District is our highest priority, which is why we believe we are best suited to be part of your professional team.
The task that the District faces in selecting a firm to provide audit services is not an easy one. Our goal in this proposal is to present those characteristics that distinguish us as the team best suited to serve the District.
Understanding of the Work and Ability to Perform
Based on the team's knowledge and experience gained in serving governmental and non-profit entities for over three decades, more specifically the experience that we've gained having been auditors for governmental organizations similar in size to the District, the team at Richie Tandoc, P.A. has a clear understanding and ability to provide the scope of services requested, as more thoroughly described throughout this proposal.
Committed to Serving Governmental and Non-Profit Entities
Although the Firm of Richie Tandoc, P.A. officially began operating as a CPA firm in 2025, the team members at Richie Tandoc, P.A. have been serving governmental and non-profit entities for over 30 years (previously as part of PAAST, P.L. and SKJ&:T, LLP). Richie Tandoc, P.A. strives to maintain its objectives in the rendering of services of the highest quality with local firm attentiveness to all of its governmental and non-profit clients.
Richie Tandoc, P.A.'s professionals, from entry-level accountants, to the managers, and to the partner, are trained to understand the issues and meet the needs of governmental and non-profit entities.

Letter of Transmittal / Executive Summary

Our professionals bring a comprehensive understanding of the issues that face governmental and non-profit entities as well as "bench strength" at all levels, allowing us to respond swiftly and effectively to your evolving needs.
Your proposed engagement team consists of the following supervisory professionals:
Richie Tandoc, Client Service and Engagement Partner - has 32 years of experience auditing governmental and non-profit organizations;
Jenny Orantes, Audit Senior Manager - has 25 years of experience auditing governmental and non-profit organizations; and
Danae Garcia, Audit Supervisor - has 23 years of experience auditing governmental and non-profit organizations.
With this team, the District can be assured that we are committed to performing the audit services within the timeframe required in the request for proposals.
Responsiveness
Richie Tandoc, P.A. takes pride in responding to the needs of its clients. This responsiveness is not only demonstrated by committing to performing our services within the timeframe required, but in responding to other requests as well. Our ability to be responsive will be enhanced by the open communications and excellent working relationship that we hope to develop with the District.
We look forward to hearing from you and to working with the District. As a Partner of Richie Tandoc, P.A., I am the District's primary contact and I am duly authorized to make representations for, and bind, the Firm. I can be reached directly at (305) 720-2502, ext. 101 or at richie@rtandoc-cpa.com.
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Ric;f��

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Audit & Assurance Partner

Proposal Requirements

Our professionals bring a comprehensive understanding of the issues that face governmental and non✓ profit entities as well as "bench strength" at all levels, allowing us to respond swiftly and effectively to your evolving needs.
Your proposed engagement team consists of the following supervisory professionals:
Richie Tandoc, Client Service and Engagement Partner - has 32 years of experience auditing governmental and non✓profit organizations;
Jenny Orantes, Audit Senior Manager - has 25 years of experience auditing governmental and non✓profit organizations; and
Danae Garcia, Audit Supervisor - has 23 years of experience auditing governmental and non✓ profit organizations.
With this team, the District can be assured that we are committed to performing the audit services within the timeframe required in the request for proposals.
Responsiveness
Richie Tandoc, P.A. takes pride in responding to the needs of its clients. This responsiveness is not only demonstrated by committing to performing our services within the timeframe required, but in responding to other requests as well. Our ability to be responsive will be enhanced by the open communications and excellent working relationship that we hope to develop with the District.

Si:::�r:

We look forward to hearing from you and to working with the District. As a Partner of Richie Tandoc, P.A., I am the District's primary contact and I am duly authorized to make representations for, and bind, the Firm. I can be reached directly at (305) 720✓ 2502, ext. 101 or at richie@rtandoc✓cpa.com.

Ric;f�P.,.

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Audit & Assurance Partner

Firm Background
Richie Tandoc, P.A. (the "Firm") was originally founded and incorporated on March 1, 2017, but was originally a member/owner of SKJ&'.T, LLP and PAAST, P.L certified public accounting firms, for over two decades. Effective July 16, 2025, Richie Tandoc, P.A. separated from PAAST, P.L and began operating full,time as its own certified public accounting firm. In addition, all of the governmental audit professionals from PAAST, P.L have joined Richie Tandoc, P.A. As such, the Firm will continue to provide professional services to its governmental and non,profit clients, including accounting/bookkeeping, auditing, consulting, and other assurance and advisory services.
The Firm's audit and assurance practice (which consists of accounting, compilations, reviews, audits, consulting and other advisory services) is composed 70% of engagements in the governmental and non,profit industries, and 30% in the commercial industry, including investments, construction, manufacturing, distribution, import/export, retail, and services fields.

Richie Tandoc, P.A. is a member of the American Institute of Certified Public Accountants Private Companies Division for CPA firms. Richie Tandoc and all eligible employees are members of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants, and are in good standing with such Institutes. In addition, two of the members on the assigned engagement team are Certified Fraud Examiners, and are members of the Association of Certified Fraud Examiners.
Size and Organizational Structure of the Firm
Richie Tandoc, P.A. is considered a local CPA firm, and consists of the following owner/partner:

	Years of Experience	
Richie Tandoc, Audit &'. Assurance Partner	32	
In addition to the Partner above, the Firm consists of 7 other audit professionals composed of the following:

	Number of Personnel	
Audit Professionals:		
Managers/Supervisors	3	
Staff	4	
Total	7	
Experience in Auditing Governmental and Non�Profit Entities
Our audit professionals have substantial experience in auditing governmental and non,profit entities in accordance with auditing standards generally accepted in the �nited States of America, Audits of Not,for,profit Organizations, Government Auditing Standards, 0MB Uniform Guidance (i.e. Federal Single Audits), Chapter, 10.550 and 10.650, Rules of the Auditor General (i.e. State Single Audits) and the preparation of financial statements in accordance with such standards, and FASB and GASE pronouncements, statements and interpretations, where applicable. In addition, Richie Tandoc, P.A. is a member of the AICPA's Not,for,Profit Section the Government Finance Officers Association and the Florida Government Finance Officers Association.

The following is a select list of governmental and non✓profit audits that the proposed audit team at Richie Tandoc, P.A. have worked on in the last five years (special districts and special purpose governments are highlighted in red):
	Governmental and Non✓Profit Financial Statement and Single Audits	
Alzheimer's Association SE FL Chapter, Inc.	■	Foundation For Human Rights in Cuba, Inc.
Bayfront Park Management Trust	■	Lincoln Road Business Improvement District
Bacardi Family Foundation, Inc.	■	Miami Homes �or All, Inc.
Boynton Beach Community Red. Agency	■	Miami✓Dade County Aviation Department
Broward Housing Solutions, Inc.	■	Miami✓Dade County General Segment
Catholic Charities Legal Services, Inc.	■	Miami✓Dade County Industrial Dev. Authority
City of Hialeah, Florida	■	Miami✓Dade Expressway Authority
City of Miami, Florida	■	Miami✓Dade Transit
City of Miami Midtown CRA	■	Miami Sports & Exhibition Authority
City of Miami Omni CRA	■	Miami Workers Center, Inc.
City of Miami SE Overtown Park West CRA	■	Ophthalmology Research Foundation, Inc.
Coconut Grove Business Improvement District	■	Outreach Aid to the Americas, Inc.
CubaNet News, Inc.	■	School Board of Miami✓Dade County
First Call For Help of Broward, Inc.	■	Two Ridges Community Development District
Florida Rising, Inc./ Florida New Majority, Inc.	■	Virginia Key Beach Park Trust
Florida Rising Together, Inc. / Florida New ■		Washington Avenue Business Imp. District Majority Education Fund, Inc.	■	West Villages Improvement District
Kristi House, Inc.	■	Wynwood Business Improvement District
Proposed Engagement Tearn
In order to fulfill our commitment to the District, we have structured the proposed engagement team to be responsive to your needs, consisting- of professionals with the skills and experience in dealing with the issues you face. Below are the resumes of the proposed engagement team members.
Richie Tandoc, CPA, CFE
Client Service & Engagement Partner
Responsibilities
Richie will serve as the primary contact for management to ensure open and effective channels of communication. His responsibilities include keeping abreast of important developments concerning issues that would directly affect the District; coordinating the total services to be provided through continuous communication with members of the engagement team; determining the content of the reports to be issued; ascertaining that professional standards have been complied with throughout the engagement; and directing and controlling the efforts of all personnel on the engagement.
Resume
Richie is a Certified Public Accountant and

Certified Fraud Examiner with over 32 years of experience providing audit services to governmental and non✓profit clients.
Richie specializes in providing services specifically to: non✓profit organizations, including charitable, religious and educational organizations and foundations, community

Education:
Bachelor of Acco1111ti11g, Florida I ntcrnational CniYcrsity
Alaster of Accounting, Florida International C niYcrsity

social welfare organizations, and business leagues; and governmental organizations, including state and local governments, special districts, and special-purpose governmental organizations. He also specializes in performing Federal and State Single Audits for governmental and non-profit organizations in accordance with Government Auditing Standards, 0MB Uniform Guidance and Chapter, 10.650 and 10.550, Rules of the Auditor General, respectively.
Richie stays current with topics relating to accounting and auditing, and more specifically, in the government and non-profit industries, by frequently attending local, state and national training seminars and conferences provided by the American Institute of Certified Public Accountants; Florida Institute of Certified Public Accountants; Government Finance Officers Association; and Florida Government Finance Officers Association. Richie is compliant with the Yellow Book requirements for CPE.
Prior to starting Richie Tandoc;P.A., Richie was a Partner with SKJ&T, LLP/PAAST P.L. for 22 years, and prior to that, he was a Senior Manager with KPMG for 8 years. During his time at KPMG, Richie completed a 2-year audit rotation in KPMG's London, England office.
Richie has provided services to a wide range of

Professional and Business Affiliations:
Certified Public Accountant, Florida
Certified Fraud Examiner, ACFE
Member, Association of Certified Fraud Examiners
ldcmber, American Institute of CPAs
fvlcmber, Gc)\'ernment Finance Officers Association
Member, Florida Gmunment Finance
Officers Association
Alumni, Florida International U ni\'ersity
!vlcmberc111d Co-Chair, United \Vay of
\liami-Dade County Agency Audit Committee
Member, United \Vay of \liami-Dack
County Community Impact Committee
Former Board "t\frmlxr, Early Learning
Coalition of \:liami-Dadc/?vtonroc
Former rvlcmbcr, Early Learning Coalition of \liami-Dade/rvlonroe Finance Committee
rAcmlJcr, FICPA Audit Committee

governmental clients including, amongst others: Boynton Beach Community Redevelopment Agency; City of Coral Springs; City of Hialeah; City of Miami; City of Miami Community Redevelopment Agencies; City of Pompano Beach; Coconut Grove Business Improvement District; Florida Department of Environmental Protection; Lincoln Road Business Improvement District; Miami-Dade County; Miami-Dade Expressway Authority; Miami-Dade County Industrial Dev. Authority; School Board of Miami-Dade County; School District of Palm Beach County; Two Ridges Community Development District; Washington Avenue Business Improvement District; West Villages Improvement District; and Wynwood Business Improvement District.
Jenny Orantes, CFE
Engagement Senior Manager

Responsibilities
Jenny will be responsible for developing and coordinating the overall audit work plan under the direction of the client service partner. Her responsibilities also include supervising staff personnel, coordinating the day-to-day audit fieldwork with the Supervisor, and performing an in-depth review of all pertinent work papers and reports.

Page I 5	EI±) 'Ric�ie T �VJdDc, --P.A.
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Jenny will also be responsible for coordinating the completion of the audit and the preparation of the reports; and for bringing to the attention of the client service partner any technical and sensitive issues, and potential solutions to such.
Resume

Jenny is a Certified Fraud Examiner with over 25 years of experience providing audit services to governmental and non✓profit clients. Prior to the joining Richie Tandoc, P.A., she spent her entire public accounting career at SKJ&'.T/PAAST, P.L, rising to the level of Senior Manager.
She has substantial experience in auditing governmental and non✓profit entltles in accordance with Government Auditing Standards, auditing federal and state grants in accordance with 0MB Circular A✓ 133/Uniform Guidance and Rules of the Auditor General of the State of Florida.
Jenny stays current with topics relating to accounting and auditing, and more specifically, in the government and non✓profit industries, by frequently attending local, state and national training seminars and conferentes provided by the American Institute of Certified :?ubli� Accountants; Florida Institute of Certified Public Accountants; Government Finance Officers Association; and Florida Government Finance Officers Association. Jenny is compliant with the Yellow Book requirements forCPE.
Jenny has provided services to a wide range of government clients including, amongst others:
Boynton Beach Community Redevelopment Agency; City of Coral Springs; City of Miami Community Redevelopment Agencies; Coconut
Grove Business Improvement District; Florida Department of Environmental Protection; Miami✓ Dade County; Miami✓Dade County Aviation Department; Miami Beach Housing Authority; School Board of Miami✓ Dade County; School District of Palm Beach County; and Wynwood Business Improvement District.

Danae Garcia
Engagement Supervisor
Responsibilities
Danae will assist in the planning of the audit; allocate audit tasks to staff and direct the day-to-day performance of the plan; will be under the supervision of the client service partner and senior manager; supervise audit staff and oversee daily progress of the eng1gement; communicate with the
senior manager regarding the progress of the audit; review all workpapers and reports; and identify
any technical issues to be discussed with the senior manager.
Resume
Danae has over 23 years of experience providing audit services to governmental and non-profit clients. Prior to the joining Richie Tandoc, P.A, she spent her entire public accounting career at SKJ&T/PAAST, P.L, rising to the level of Supervisor. She has substantial experience in auditing governmental and non-profit entities in accordance with Government Auditing Standards, auditing federal and state grants in accordance with 0MB Circular A-133/Uniform Guidance and Rules of the Auditor General of the State of Florida.
Danae stays current with topics relating to

accounting and auditing, and more specifically, in the government and non-profit industries, by frequently attending local, state and national training seminars and conferences provided by the American Institute of Certified Public Accountants; Florida Institute of Certified Public Accountants; Government Finance Officers Association; and Florida Government Finance Officers Association. Danae is compliant with the Yellow Book requirements forCPE.

Education and Professional Affiliations:
Bachelor (:f Acco1111ti11g, Florida International Uni\'Crsity
Currently studying for the Certified
Fraud Examiners exam
Associate l\fcmbcr, AICPA
Associate "f\ifcmbcr, FICPA
Alumni, Florida Int'l L'.ni\usity

Danae has provided services to a wide range of government clients including, amongst others: Boynton Beach Community Redevelopment Agency; City of Miami; City of Miami Community Redevelopment Agencies; Coconut Grove Business Improvement District; Lincoln Road Business Improvement District; Miami-Dade County; Miami-Dade County Industrial Dev. Authority; School Board of Miami-Dade County; School District of Palm Beach County; Two Ridges Community Development District; Virginia Key Beach Park Trust; Washington Avenue Business Improvement District; West Villages Improvement District; and Wynwood Business Improvement District.

Experience in Auditing Special Districts
Our professionals have substantial experience in auditing governmental entities in accordance with auditing standards generally accepted in the United States of America, Audits of Not-for-profit Organizations, Government Auditing Standards, 0MB Uniform Guidance (i.e. Federal Single Audits), Chapter, 10.650 and 10.550, Rules of the Auditor General (i.e. State Single Audits) and the preparation of financial statements in accordance with such standards, and FASB and GASB pronouncements, statements and interpretations, where applicable.
More specifically, we have significant experience in auditing special districts and other special purpose governmental entities, similar to the District. The following is a select list of special districts that the proposed team members have provided audit services to in the last year:

	Boynton Beach Community Redevelopment Agency
Services Conducted:	Financial statement audit
Principal Contact:	Vicki Hill, Finance Director
100 E. Ocean Ave, Boynton Beach, FL 33435
(561) 600✓9092
HillV@bbfl.us

City of Miami Community Redevelopment Agencies (3 Special Districts)

Services Conducted:	Financial statement audit, Federal single audit, and agreed✓
upon procedures

Principal Contact:	Miguel Valentin, Finance Officer
819 NW 2nd Ave, 3rd Floor, Miami, FL 33136
(305) 679✓6810
mavalentin@miamigov.com		
Coconut Grove Business Improvement District

Services Conducted:	Financial statement audit
Principal Contact:	Mark Burns, Executive Director
3250 Mary St. #305, Coconut Grove, FL 33133
(305) 461✓5506
mark@grovebid.com

Lincoln Road Business Improvement District

Services Conducted:	Financial statement audit
Principal Contact:	Anabel Llopis, Executive Director
1620 Drexel Ave, Suite 100, Miami Beach, FL 33139
(305)'600✓0219
anabel@lincolnrd.com

Miami/ Dade County Industrial Development Authority

Services Conducted:	Financial statement audit
Principal Contact:	Amanda Uovet, CFO
80 SW 8th St, Suite 2801, Miami, FL 33130
(305) 579✓0070
allovet@mdcida.org

Two Ridges Community Development District

Services Conducted:	Financial statement audit

Principal Contact:	Jeff Walker, CFO (Special District Services, Inc.) 2501A Burns Rd, Palm Beach Gardens, FL 33410
(561) 579✓630✓4922
	TWalker@sdsinc.org

West Villages Improvement District

Services Conducted:	Financial statement audit and state single audit
Principal Contact:	Jeff Walker, CFO (Special District Services, Inc.) 2501A Burns Rd, Palm Beach Gardens, FL 33410
(561) 579✓630✓4922
TWalker@sdsinc.org

Washington Avenue Business Improvement District	
Services Conducted:	Financial statement audit
Principal Contact:	Troy Wright, Executive Director
1234 Washington Ave, #204, Miami Beach, FL 33139
(305) 916✓0779
twright@washavemb.com

Understanding of and Ability to Furnish the Scope of Work
Richie Tandoc, P.A. has the ability and capability to perform the services required in the RFP, based on the proposed team members' experience in auditing similar entities, and our knowledge of and expertise in state and local government accounting and auditing. We understand the scope of work includes an audit of the District's basic financial statements, in accordance with:
Rules of the Auditor General of the State of Florida, Chapters 10.550;
Section 218.415, Florida Statutes, Local Government Investment Policies;
Audits of State and Local Governments, issued by the AICPA;
Generally Accepted Auditing Standards;
Government Auditing Standards, issued by the Comptroller General of the United States;
Generally Accepted Governmental Accounting Standards; and
Any other applicable federal, state, local regulations or professional guidance not specifically listed above, which may be adopted by these organizations in the future.
Our understanding of the reports to be issued for the District, include:
Report on the fair presentation of the basic financial statements (independent auditor's report);
Report on internal control over financial reporting and on compliance and other matters based on an audit of the financial statements (Yellow Book report);
Management letter in accordance with "Rules of the Auditor General"; and
Report on compliance with Section 218.415, Florida Statutes, Local Government Investment Policies.
As previously mentioned, although the Firm has only recently begun operations as its own CPA firm, all of the government audit professionals at the Firm have been together since their days at SKJ&T, LLP I PAAST, P.L. The three members on the proposed team have been working together since 2003, and have been providing audit services to our governmental clients since then, and will continue to do so under Richie Tandoc, P.A.

Proposed Fees
Richie Tandoc, P.A.'s policy is to estimate fees at amounts that are highly competitive, but will also enable us to respond to your needs and provide the quality of service that the District requires. In general, our fees are based on the level of experience and training of the individuals assigned to the engagement.
Our proposed fees below also include the availability of the members of the engagement team to assist the District in answering any accounting, auditing, and/or financial reporting technical questions, or any other questions within the scope of the audit engagement, during the engagement and throughout the year. We do not charge extra for these kinds of technical questions. However, questions or services that are not within the scope of the audit may include those services that would not impair our independence as your auditors, such as consent letters, certain agreed✓upon procedures, tax✓related research and inquiries, and certain other financial consulting services, and would therefore be charged at rates agreed✓upon with management.

Richie Tandoc, P.A.'s lump sum proposed cost for the annual audit services, are as follows:
Lump Sum

	Year Ending Sep 30,		Proposed Cost	
2026	$	4,000	
2027	4,000	
2028	4,100	
2029	4,100	
2030	4,100	

Proposed Timetable
With management's approval, our proposed timetable for the audit is as follows:

Nov

Feb

Final Reports

Exit Conference and Draft Reports

Year�End Substantive Testing

Interim Procedures

Audit Planning

Key Phase

Once the timetable is agreed and finalized with management of the District, Richie Tandoc, P.A. will be committed to completing the audit within the dates specified.

Midtown Improvement District

Carr, Riggs & Ingram

Professional Services Proposal for
Midtown Improvement
District

June 30, 2026

Proposer
Carr, Riggs & Ingram
500 Grand Boulevard, Suite 210 Miramar Beach, FL 32550 Phone: 850.837.3141
Fax: 850.654.4619

Submitted by
Lauren Villarreal
Partner, CRI Advisors, Inc.
Partner, Carr, Riggs & Ingram, L.L.C. lvillarreal@criadv.com

†This is not a CPA Firm.
*Assurance, attest, and audit services provided by Carr, Riggs & Ingram, L.L.C.

"Carr, Riggs & Ingram" and "CRI" are the brand names under which Carr, Riggs & Ingram, L.L.C.* ("CRI CPA*"), CRI Advisors, LLC† ("CRI Advisors†" or "Advisors†"), and Capin Crouse, LLC* ("Capin Crouse CPA*"), and CRI Capin Crouse Advisors, LLC† ("Capin Crouse Advisors† ") provide professional services. CRI CPA*, Capin Crouse CPA*, CRI Advisors†, Capin Crouse Advisors†, Carr, Riggs & Ingram Capital, LLC and their respective subsidiaries operate as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. CRI CPA* and Capin Crouse CPA* are licensed independent certified public accounting ("CPA") firms that separately provide attest services, as well as additional ancillary services, to their clients. CRI CPA* and Capin Crouse CPA* are independently-owned CPA firms that provide attestation services separate from one another. CRI Advisors† and Capin Crouse Advisors† provide tax and business consulting services to its clients. CRI Advisors† and its subsidiaries, including Capin Crouse Advisors†, are not licensed CPA firms and will not provide any attest services. The entities falling under the Carr, Riggs & Ingram or CRI brand are independently owned and are not responsible or liable for the services and/or products provided, or engaged to be provided, by any other entity under the Carr, Riggs & Ingram or CRI brand. Our use of the terms "CRI," "we," "our," "us," and terms of similar import, denote the alternative practice structure conducted by CRI CPA*, Capin Crouse CPA*, Capin Crouse Advisors†, and CRI Advisors†, as appropriate.

Dear Midtown Improvement District:

We appreciate the opportunity to propose on auditing services to Midtown Improvement District. We are eager to establish a long-term partnership that delivers immediate and ongoing value through our tailored solutions and competitive fee structure.

At CRI, our dedicated team of over 2,000 professionals aligns their expertise with your specific needs, ensuring seamless service from the start. CRI delivers big firm expertise with small firm service. Of approximately 46,000 public accounting firms in the United States, CRI currently ranks in the top 25. Additionally, as a part of PrimeGlobal, an association of independent accounting firms, we have access to international resources as – and when – needed. Leveraging these resources while maintaining local decision-making authority means that simplified solutions are only a phone call away. And we believe that’s the best of both worlds for our clients.

Our partners bring over 7,500 years of collective business experience, focusing on delivering solutions that translate complex concepts into actionable insights. We strive to become trusted advisors by understanding your business and proactively contributing to your success. While accounting is the language of business, we’re here to decipher the jargon and help you make educated decisions. CRInnovate embraces agility and invention.

We look forward to the opportunity to showcase our commitment to innovation, expertise, and responsiveness as one of the fastest-growing firms in the U.S. Thank you for considering our proposal.

Sincerely,

Lauren Villarreal
Partner, CRI Advisors, LLC
Partner, Carr, Riggs & Ingram, L.L.C.

TABLE OF CONTENTS

YOUR NEEDS
UNDERSTANDING & MEETING YOUR NEEDS	4
YOUR SERVICES & FEES
YOUR SERVICES & FEES	5
YOUR CHOICE: CRI
FIRM PROFILE	6
GOVERNMENT AND PUBLIC SECTOR	7
RELEVANT EXPERIENCE	8
YOUR SOLUTION TEAM	9
DELIVERING QUALITY TO YOU	11
WORKING TOGETHER: OVERVIEW
SHARING CRI'S VALUES WITH YOU	12
TRANSITIONING YOU	13
CRI'S GLOBAL RESOURCES	14
JOIN OUR CONVERSATION	15
WORKING TOGETHER: DETAILS
CRI AUDIT FRAMEWORK	16
CRI AUDIT APPROACH	18
APPENDIX
APPENDIX A - RFP DOCUMENTS	20

From the RFP or during our recent visit with your team, we understood your team to express the following needs, requests, and/or issues. We’ve detailed our proposed solutions below and are happy to discuss other related projects as they arise and upon request.

NEEDS & ISSUES	SOLUTIONS & SERVICES	
Technical	The District is required to have independent audits performed on its financial statements.	Perform external audit services in accordance with auditing standards generally accepted in the United States of America (GAAS), in order to express an opinion on the Midtown Improvement District’s financial statements.	
Relational	The District’s Board of Supervisors and management expect open and
continuous communication with their CPA firm in order to avoid surprise findings at the end of the audit.	Communicate
contemporaneously and directly with management regarding the results of our procedures.

Anticipate and respond to concerns of management and/or the Audit Committee (if/when formed).	

We value creating mutually rewarding, long-term relationships with our clients. Our goal is to provide high quality, responsive service that yields returns far greater than your investment in our professional fees. Please find below our proposal of fees to provide the requested services for the upcoming fiscal years.

SERVICE	CRI FEES 2026	CRI FEES 2027	CRI FEES 2028	CRI FEES 2029	CRI FEES 2030	
Perform external audit services in accordance with auditing standards generally accepted in the United States of America (GAAS)	$5,400	$5,400	$5,400	$5,400	$5,400	

All of our invoices will include a 7% administrative fee.

The above fee quote is based in part on the fact that the District has not yet issued bonds or other debt instruments to finance capital asset acquisition and construction. In the event the District issues such debt instruments or upon construction of major infrastructure additions, the audit fee will increase by an amount not to exceed $2,500 per year.

If Midtown Improvement District requests additional services outside of this proposal, professional fee hourly rates are as follows, but may be negotiated depending on the project request:

CLASSIFICATION	HOURLY RATE	
Partner	$325	
Manager	$225	
Senior	$150	
Staff	$110	
IT Specialist	$400	
Fraud Specialist	$400	

Our professional fees are based on the key assumptions that Midtown Improvement District will:
Ensure that the predecessor’s work papers will be made available for timely review, if applicable.
Make available documents and work papers for review at Midtown Improvement District's headquarters location, although we may choose to review at alternate locations.
Prepare certain schedules and analyses and provide supporting documents as requested.
Assist us in obtaining an understanding of the accounting systems of Midtown Improvement District.
Not experience a significant change in business operations or financial reporting standards.

CRI FIRM PROFILE	■■

States & Mexico

FOUNDED IN 1997 • 35+ MARKETS across the United

Carr, Riggs & Ingram (CR() is a top 25* nationally-ranked accounting and advisory firm driven by relationships to cultivate growth. From traditional accounting services to leading-edge business support, technology resources, and assurance* offerings, CRl's breadth and depth of expertise takes you from compliance to competitive advantage.

•

2,000+
PROFESSIONALS

100,000+
CLIENTS

TOP 25*

•

•

FIRM
/as ranked by
Accounting Today)

11111

25+ YEARS

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CRI FIRM VALUES:
CLIENT SERVICE. RESPECT. INTEGRITY.

OF CONSISTENT GROWTH	,:y
SINCE FORMATION	-UNYIE[OTNG7NTEG.RTTY-

SERVICES	INDUSTRY EXPERTISE

Advisory
Audit & Attest* Tax

Captive Insurance Commercial Real Estate Construction
Financial Institutions

Hospitals & Health Systems	 Post-Acute Care Insurance	 Private Foundations Manufacturing & Distribution	Religious Organizations Nonprofits

Government & Public Sector	Physician Groups

-------

··•--====	CRI FAMILY OF COMPANIES
At CRI, we know that the best results come from a fully integrated approach to your business,

--[--I·]··

organization, or family's financial well-being. The CRI Family of Companies works collectively to parallel our clients' evolving needs beyond traditional accounting, cutting-edge business support, technology solutions, outsourcing, and assurance*. By working side-by-side, our expansive suite of companies and their focused solutions provide more personalized, holistic advice that checks every box.

li.l!l

■�.... [!I.■.

GOVERNMENT & PUBLIC SECTOR	■■

CRl's seasoned governmental advisory team delivers in-depth, proactive guidance to help clients provide outstanding service to their communities and organizations.

Why CRI?
Our experienced governmental accounting team provides assurance, compliance, and dedicated support to educational institutions and governmental entities of all sizes. By leveraging technology, data analytics, and a foundational relationship-based approach, CRI 's attuned governmental professionals
tailor our service offerings to your organization's unique needs, allowing for closer collaboration and attention to detail. This approach enables us to improve your entity's operations while maintaining compliance and financial controls in the face of ever-changing regulatory scrutiny.

Related Services:
Agreed Upon Procedures (AUPs)*
Audit*
Compliance Consulting
Deferrals
Financial Statement Preparation*
Fraud & Forensics
Internal Audit
Performance Audits*
Program Management & Administration
Single Aud it*

RELEVANT EXPERIENCE

CRI delivers a depth of resources that ensures our understanding of your challenges and innovative solutions for overcoming them. Our team’s combined experience is derived from providing audit, tax, consulting, and accounting outsourcing services. We parlay this vast experience and derived best practices into proven solutions that benefit you. Below we share specific, relevant client references; we encourage you to consult with them.

RELATIONSHIP	TIMELINE	SERVICE DESCRIPTION	RELEVANT POINTS TO CONSIDER	
Rizzetta & Company Shawn Wildermuth 3434 Colwell Avenue
Suite 200
Tampa, FL 33614
813.933.5571	2006 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	
GMS, LLC
Dave DeNagy
14785 Old St. Augustine Road Suite 4
Jacksonville, FL 32258
904.288.9130	2006 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	
Wrathell, Hunt & Associates, LLC Jeffrey Pinder
2300 Glades Road Suite 410W
Boca Raton, FL 33431 561.571.0010	2006 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	
PFM Group Consulting, LLC Jennifer Glasgow
12051 Corporate Blvd.
Orlando, FL 32817
407.382.3256	2007 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	

Lauren Villarreal
Partner, CRI Advisors, LLC
Partner, Carr, Riggs & Ingram, L.L.C.
lvillarreal@CRIadv.com 850.337.3223 | Direct

Representative Clients
Community Development Districts
Condominium and Homeowner Associations
Employee Benefit Plans
County and Local Governments
Non-Profit Organizations

Experience
Lauren has over 10 years auditing and accounting experience in the Destin office of CRI. She is an audit partner with primary responsibility for fieldwork and reporting on audits of clients in a variety of industries including local governmental and non-profit entities as well as employee benefit plans and commercial businesses. She is currently the in-charge auditor for over two dozen community development districts with several CDD management companies in the State of Florida.

Lauren is licensed to practice as a Certified Public Accountant in Florida. She is a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. She exceeds all continuing professional education requirements related to Government Auditing Standards.

Lauren currently supervises engagements for many governmental entities in the State of Florida including community development districts and other special governments. She is active in our firm’s governmental industry line as well as the condominium and homeowner association practice. In addition, Lauren has accumulated experience in Federal and Florida Single Audit Acts compliance monitoring and auditing. Lauren has performed several single audits of federal grants under OMB Circular A-133.

Education, Licenses & Certifications
BS, Accounting, Florida State University
BS, Business Administration, Florida State University
Certified Public Accountant
Community Association Manager (CAM), Licensed in Florida

Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)

K. Alan Jowers
Partner, CRI Advisors, LLC
Partner, Carr, Riggs & Ingram, L.L.C.
ajowers@criadv.com 850.337.3213 | Direct

Representative Clients
Reynolds Owners Association
The Tides of Destin Condominium Association
1075 Peachtree Master Condominium Association
Holley by the Sea Improvement Association
Destin on the Gulf Condominium Association
Santa Rosa County District School Board
Santa Rosa Island Authority
Okaloosa County District School Board
Monroe County School District

Experience
Alan has over 30 years of experience in public accounting primarily with financial statement assurance engagements. His practice includes condominium and homeowner associations, local governmental entities, non-profit organizations, and nonpublic companies. He currently has direct engagement responsibility for a significant number of audits throughout the state of Florida and in other states.

Alan is licensed to practice as a certified public accountant in Florida and Georgia. He is a former member of the Board of Directors of the Florida Institute of Certified Public Accountants (FICPA), has been an active member and past chair of its Common Interest Realty Association Committee, and is a member of the Florida and National legislative alliances of the Community Associations Institute. He is also active in the Florida Governmental Finance Officers Association (FGFOA) and is a former member of the FGFOA's statewide Technical Resource Committee.

Education, Licenses & Certifications
Masters of Accountancy, University of Alabama
BS, Accounting, Florida State University
Certified Public Accountant

Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Community Associations Institute (CAI) - member of the Florida Legislative Alliance and the national Government and Public Affairs Committee
Governmental Finance Officers Association (GFOA)
Florida Governmental Finance Officers Association (FGFOA)

DELIVERING QUALITY TO YOU*

AUDIT METHODOLOGY
Our audit, tax, consulting, and client accounting services documentation is maintained electronically. Compliance with our methodology is regularly reviewed and evaluated as part of our internal quality program, which is further discussed in this section under INTERNAL QUALITY CONTROL REVIEWS AND EXTERNAL REVIEWS. Comprehensive policies and procedures governing all of our practices and addressing professional and regulatory standards and implementation issues are constantly updated for new professional developments and emerging issues. See the table of contents to identify the relevant audit approach and methodology detailed description section.

ENGAGEMENT QUALITY REVIEW PARTNER (CONCURRING PARTNER)
Audit engagements are assigned engagement quality review (EQR) partner, as appropriate. This role is one of the most important elements of our quality assurance process, as it provides for a timely, independent review of key accounting and auditing issues. The EQR partner also reviews the financial statements and related supporting documentation—including the disclosures—to evaluate their fair presentation under accounting principles generally accepted in the United States of America (GAAP).

INTERNAL QUALITY CONTROL REVIEWS AND EXTERNAL REVIEWS
Experienced partners and professional staff of our firm conduct quality control reviews of our audits. Our partners’ work is reviewed annually, and the inspection process includes periodic testing of the effectiveness of our quality controls and a continuous improvement program. This risk-based annual inspection is intended to mimic the triennial peer review described in the following paragraph and are performed on completed engagements. In addition to this inspection, we perform in-process, “pre-issuance” reviews of partners’ work that are chosen for using a risk-based selection process; these reviews are performed by our corporate quality control team. The combination of the in-process and completed engagements is part of our continuous improvement processes.

Peer reviews are performed every three years by another independent public accounting firm. The most recent review of our firm was performed in 2025 by Brown Edwards, whose report was the most favorable possible “Pass.”

In addition, we are registered with the PCAOB and our 2024 PCAOB inspection report was also the most favorable possible—no audit deficiencies or quality control defects identified.

The 2024 PCAOB report can be viewed at https://assets.pcaobus.org/pcaob-dev/docs/default-source/inspections/reports/documents/104-2025-016-carrriggs.pdf?sfvrsn=2089984d_2.

We are proud of our hands-on, service-centric, and results-oriented approach. Combining that approach with quality controls and superior talent allows us to help you achieve your goals and strengthen your management systems and processes. This approach is further emphasized through our three core values which guide our team’s behavior and function as the foundation for interactions with our clients and each other.

When choosing to change firms, the time involved in working with new accounting professionals is often a concern. CRI’s well-defined efficient, seamless transition process is designed to:

Provide you with value from the very first encounter,
Avoid interruption of service,
Minimize disruption and investment of management’s time,
Raise the standard of service, and
Establish ongoing channels of communication with Midtown Improvement District's management.

The transition plan is comprised of the following key activities and can occur within approximately two weeks, depending on the availability of the parties involved:

CRI'S GLOBAL RESOURCES

Many businesses are expanding and/or evaluating their global reach, and they require assistance in order to comprehensively consider the various financial implications of growing in international markets. In addition to CRI's internal resources, we deliver the expertise and support of some of the world's most highly regarded accounting firms through shared alliance as members of PrimeGlobal.

WHO IS PRIMEGLOBAL?

HOW OUR PRIMEGLOBAL MEMBERS CAN BENEFIT YOU
We supplement our in-depth, industry knowledge and specialized services through our collaborations with other PrimeGlobal firms to help you evaluate your options globally. CRI's goal is to provide you with the information you need to make well-informed, smart business decisions.

4 KEY BENEFITS TO CRI CLIENTS FROM OUR PRIMEGLOBAL MEMBERSHIP

JOIN OUR CONVERSATION

We know that some information that makes perfect sense to an advisor may not be as clear to our clients. Therefore, we produce original content in the form of articles, videos, white papers, webinars, and more to provide timely, down-to-earth translations of complex subjects. We publish this original content on CRIadv.com and across all our many social channels.

CRI: FROM FOUNDATION TO FUTURE

Over a quarter-century, Carr, Riggs & Ingram has not just grown, but transformed. Now standing proudly among the top 25 firms in the U.S., our trajectory is steeped in innovation, shaping us into the firm of tomorrow—today. Our growth isn’t merely a timeline; it’s a testament to our entrepreneurial and pioneering spirit. As we harness cutting-edge technology and lead through industry evolution, our commitment to delivering actionable insights and solutions rooted in our founding principles of tailored Client service, Respect for all, and unyielding Integrity remains unwavering. As we look to the horizon, we at CRI are poised to redefine what’s possible, and we invite our clients, old and new, to join us in shaping the future.

IT FIGURES: THE CRI PODCAST

Created to provide insight into the latest developments and regulations in the accounting and finance space, It Figures is an accounting and advisory focused podcast for business and organization leaders, entrepreneurs, and anyone who is looking to go beyond the status quo.

Listen on Apple Podcasts, Spotify, iHeart Radio, and more.
itfigurespodcast.com

Our proposed services require a coordinated effort between us and Midtown Improvement District’s team. Planning and continual communication are essential to developing the appropriate procedures, working collaboratively to resolve any identified issues, and meeting your timelines.

CRI’s audit approach occurs within a framework of our client’s business and industry; therefore, we assess risk by:

Understanding management’s perspectives and goals, and
Considering business conditions and threats that could prevent management from achieving its business objectives.

We assess risks in the following areas:

Our ultimate intent is to drill down from these broad risks to specific financial reporting risks. We understand both these risks and management’s processes and procedures for mitigating them (i.e. internal controls) in order to develop our procedures to carry out our audit responsibilities.

Although our audits are conducted through a structured, risk-based model, we focus on understanding the client’s needs, requirements, and expectations. We work collaboratively with management and the Audit Committee (or similar function) to develop a communication and work plan to continuously improve client service, by doing so we help in moving your team from simple compliance to providing you with a competitive advantage.

In planning, we concentrate on “key risks,” (items with a greater risk of a material misstatement, a material weakness in internal controls, or other matters resulting in the issuance of an inappropriate audit report). We focus on “material” items (i.e. those items that would be important to the user of your financial statements). When evaluating materiality of identified misstatements, certain quantitative and qualitative factors must be considered—which may include:

Impact on operating trends (revenue/income, expenses, net income, etc).
Nature of the misstatement (i.e., did the misstatement result from an unlawful transaction?).
Impact on liquidity, capital/surplus, earnings capacity, etc.
Impact to loan covenants and contractual and regulatory requirements.

Consistent communication is a key to completion of the audit. By ensuring constant involvement, we are in a better position to respond to your issues timely and efficiently. Therefore, we plan to meet with your management to:

Set-up the audit by reviewing the mapping of Midtown Improvement District’s financial information (financial statements and notes) to significant processes and IT systems to ensure that all significant account balances, transactions, procedures, and systems are tested as deemed necessary.
Discuss ongoing changes—specifically new accounting pronouncements and key business transactions in their early stages, enabling us to agree on the resolution of various complex business issues on a timely basis.

CRI AUDIT APPROACH*

Our audit approach is a four stage approach, as depicted in the summary below. Our client acceptance and risk assessment procedures occur during detailed conversations and observations with your team. The results of those procedures allow us to tailor an audit program to your specific risks and needs. We then execute the audit, report the results, and evaluate continuous improvement opportunities for ongoing service and benefit to you.

CRI AUDIT APPROACH*	■■

Perform client acceptance procedures.
Collaborate with management to agree to expectations and scope.
Assign appropriate staff based on client needs and assessed risk.

STAGE 2: RISK ASSESSMENT & AUDIT STRATEGY

Interview client personnel and others to understand client-specific objectives and risks.
Assess following aspects of the organization for their impact on the audit plan:
environmental and other external risks,
management's fraud and IT risk assessment models,
entity level controls including:
control environment
risk assessment,
information and communication,
and monitoring controls.
IT General Computer (ITGC) controls, such as
IT Environment
Developing and Delivering IT, and
Operating and Monitoring IT.
Determine materiality.
Develop and document our understanding of and/or reliance on:
linkage of financial statements to:
significant transactions,
processes,
IT systems, and
related controls,
existence of/reliance on SOC entities and their reports,
internal audit, and
specialists (e.g. valuation, pension costs, etc.).
If elected, test controls including ITGC, through a mix of:
inquiry,
observation
examination, and
re-performance.
Perform preliminary analytical procedures.
Finalize risk assessments and develop a final audit strategy.

Where possible to test as efficiently as possible:
develop detailed analytical procedures to use as substantive tests (benefit= reducing tests of details): Exampies include:
ratio analysis,
regression analysis,
trend analysis,
predictive tests, or
reasonableness test,
utilize Computer-Assisted Audit Techniques (CAATs) (benefit= automation of testing for more coverage and less disruption to the client), and
perform targeted testing (also known as "coverage" testing) to test large portions of account balances (benefit= more coverage with smaller selections).
Perform tests of details, including sampling.
Perform general audit procedures such as tests related to:
commitments and contingencies,
legal letters,
management representations,
reviews of Board minutes,
related party transactions,
debt covenants, and
going concern.

Continually monitor throughout the audit - providing feedback as agreed during scoping.
Conclude the audit (i.e. issue opinions and reports).
Develop and present:
reports,
required communications,
management letter comments, and
other audit-related deliverables.
Perform debriefings to identify opportunities for improvement with our:
engagement team, and/or
client's team.

Perform other tests for compliance such as Yellow Book or Single Audit tests.

MIDTOWN IMPROVEMENT DISTRICT
REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Midtown Improvement 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 Orange County and has an operating budget of approximately $539,410.95. The final contract will require that, among other things, the audit for Fiscal Year 2026 be completed no later than June 1, 2027.

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 two (2) hard copies of their proposal and one (1) electronic copy (flash drive) to Jennifer Walden, District Manager, located at 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817, in an envelope marked on the outside "Auditing Services - Midtown Improvement District." Proposals must be received by June 30, 2026, at 3:00 p.m., 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 pro visions.

Midtown Improvement District Jennifer Walden, District Manager

RUN DATE: 6.1.26

MIDTOWN IMPROVEMENT DISTRICT REQUEST FOR PROPOSALS

District Auditing Services for Fiscal Year 2026
Orange County, Florida INSTRUCTIONS TO PROPOSERS
SECTION 1.  DUE DATE. Sealed proposals must be received no later than June 30, 2026, at 3:00 p.m., 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 two (2) hard copies and one (1) electronic copy 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 - Midtown Improvement 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 informalities or irregularities in proposals as it is deemed in the best interests of the 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.
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.

Describe proposed staffing levels, including resumes with applicable certifications.

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.

The lump sum cost of the provision of the services under the proposal, plus the cost of four (4) 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 EVALUATION CRITERIA (WITH PRICE)

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.
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.

Understanding of Scope of Work.	(20 Points)

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

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.

Price.	(20 Points)

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

Midtown Improvement District

McIntosh CPA

Prepared for Midtown Improvement District
Prepared By: McIntosh CPA

June 30, 2026

Independent Audit Service Proposal

2385 NW Executive Center Dr.
Boca Raton, FL 33431 rmcintoshcpa.com

Table of Contents
Transmittal Letter	2
Statement of Understanding and Scope of Work	3
Qualifications, and Experience	6
Personnel	7
Schedule of Fees	8
Appendix	9

Transmittal Letter

June 30, 2026

Board of Supervisors
Midtown Improvement District Orange County, FL

McIntosh CPA is pleased to submit this proposal to provide annual auditing services for the Midtown Improvement District (the "District"). Our firm specializes in auditing services for governmental entities, including special districts, ensuring compliance with Florida Statutes, Government Auditing Standards (Yellow Book), and the requirements set forth by the Florida Auditor General. We are a Woman & Minority Business certified by the State of Florida.

While the firm is new, the managing partner has been providing auditing services to special districts for over 18 years and has an impeccable reputation among former clients. With this experience and knowledge, we are uniquely qualified and ready to assist the District with the audit services needed. We are confident that we will not only provide the services required but exceed expectations.

We understand the importance of accountability and fiscal responsibility in government operations. Our audit methodology is designed to provide an efficient, thorough, and collaborative review process while minimizing disruption to your daily operations. Additionally, we are committed to maintaining open communication and delivering clear, actionable recommendations to support the District’s financial integrity and operational efficiency

We have an established reputation for delivering high-quality, timely, and efficient audits. With our extensive experience, we are confident in our ability to provide the District with the highest level of professional service. We acknowledge that this proposal is valid for ninety (90) days following submission.

We thank you for the opportunity to provide a proposal and look forward to working with the District’s team. Please do not hesitate to contact Racquel McIntosh at 2385 NW Executive Center Dr., Suite 100, Boca Raton FL 33431, 561-981-6282, or mcintoshcpa@outlook.com with any questions.

Sincerely,

Racquel McIntosh, CPA President

Statement of Understanding and Scope of Work
The Midtown Improvement District requires independent audit services for the fiscal years ending September 30, 2026, with an option for four additional one-year renewals. Our firm understands that the audit must comply with:

Chapter 218.39, Florida Statutes
Florida Auditor General’s Rules
Government Auditing Standards (Yellow Book)
Licensure under Chapter 473

The audit will include an examination of the District’s financial records, internal controls, and compliance with applicable laws and regulations.

AUDIT TIMELINE

We recognize the importance of adhering to the District’s annual audit deadline of June 30th and are fully committed to ensuring a timely and efficient audit process. Racquel McIntosh will be responsible for the firm meeting the required deadline. Our team will strategically plan and execute the audit to ensure that the draft and auditor’s reports are completed well in advance of the deadline, allowing ample time for review and discussion. Additionally, we will maintain open communication throughout the engagement to address any concerns promptly and ensure a smooth and seamless audit experience.

SCOPE OF WORK

Conduct an independent audit in accordance with Government Auditing Standards
Evaluate internal controls and compliance with Florida statutes
Issue audited financial statements with findings and recommendations
Report to the Board of Supervisors on the audit findings
Provide ongoing support for financial and compliance questions The audit will be performed in the three phases below;

Planning

Fieldwork

Reporting

AUDIT PLANNING

This is the most critical part of an audit, as a well planned audit determines the flow and efficiency for the entire audit. Planning consists of the following segments:

Obtain an understanding of the District – we will gain an understanding of the District in order to perform risk assessment for the various segments of the audit. It involves reviewing the policies and procedures, documenting the internal controls of the District, including compliance requirements, and making an initial assessment of inherent risk in order to determine the preliminary risk of material misstatement to the financial statements. It also includes gaining an understanding of the District's IT environment and how that affects financial reporting.

IT Assessment – we will discuss with management and document the District’s IT infrastructure, including; general controls over the network and the accounting software, and specific controls within the accounting software. We will also discuss access, backups, disaster recovery, and virus protection. These discussions will assist in determining if the IT infrastructure is adequate to reduce any material financial statement misstatements.

Preliminary analytics – current vs prior year review of accounts to determine and document causes for fluctuations.

Risk Assessment - Used in conjunction with other planning items above to dictate further audit procedures.
FIELDWORK

Based on the risk assessment results from planning, a combination of analytical procedures, detail test of transactions, and use of audit confirmations will be applied by the auditor.

Analytical procedures – these will consist of revenue and expenditure variances from the prior year, variances with the budget, calculating revenue expectations, and reviewing trend analysis for anomalies.

Test of details – these will consist of tracing and vouching transactions to and from the accounting records. Will also include testing bond compliance.

Audit confirmations – these will be sent to attorneys, tax collector, bond trustees, and other entities as deemed necessary.

REPORTING

Once the fieldwork has been completed, a draft of the financial statements along with all related audit reports will be prepared for management’s review. McIntosh CPA utilizes a memo to management regarding findings and recommendations not deemed significant and therefore not included in any of the audit reports. The memo will detail the observation and provide a recommendation for corrective action. No management response is required since it will not be presented in any audit report. Before a finding is reported in the audit report, a determination is made as to why the issue occurred and whether it was a one-time occurrence. We ensure that reporting items in the audit report are necessary and that recommendations are cost beneficial.

For all three phases above, if deficiencies or discrepancies are identified, management will be informed immediately to give them a chance to research and provide additional information or put corrective measures in place.

Qualifications and Experience
INDEPENDENCE
We affirm that McIntosh CPA is independent with respect to the District. We meet the independence standards of Generally Accepted Auditing Standards and the U.S. Government Accountability Office’s Government Auditing Standards.
FIRM QUALIFICATIONS

Licensed under Chapter 473, Florida Statutes
Over 18 years of experience auditing governments
Demonstrated expertise in auditing special districts and financials
Strong track record of timely report delivery and responsiveness

The services as outlined in the statement of understanding will be overseen by Racquel McIntosh CPA, who brings over 18 years of exemplary service in the government auditing and accounting industry. In her previous role, she was an audit partner providing auditing services to municipalities and special districts throughout the State of Florida and was in charge of audit quality for the firm. In addition, she assisted clients with internal policy review, internal control best practices and implementation, and assisted with implementation of accounting software and accounting standards.

Further, she has met the educational requirements for CPAs set forth under Florida Statutes and the Government Auditing Standards (Yellow Book) issued by the Government Accountability Office (GAO). See next page for resume.

Value-Added Service

In addition to providing audit services for the District, Racquel provides an annual training session for the District accounting staff which will include; reviewing items found in the previous year’s audit, accounting treatment for certain transactions, how to respond to auditor inquiry, how to analyze financial statements, and new accounting standards and regulations applicable to the upcoming audit year.

REFERENCES

Below are three districts that the engagement partner has worked on with the named management companies. In total, the engagement partner oversaw and worked on over 200 CDDs.

CATALINA AT WRINKLER PRESERVE COMMUNITY DEVELOPMENT DISTRICT	Rizzetta & Company
3434 Colwell Avenue, Suite 200
Tampa, FL 33614	
BERRY BAY COMMUNITY DEVELOPMENT DISTRICT	Meritus
2005 Pan Am Circle, Suite 300
Tampa, FL 33607	
BRIGHTON LAKES COMMUNITY DEVELOPMENT DISTRICT	Inframark
210 N University Drive Coral Springs, FL 33071	

RACQUEL MCINTOSH
CPA

Profile

Racquel has been providing auditing and consulting services to governments and non-profits for over 18 years. Her in-depth knowledge of government/non-profit compliance requirements. regulations, accounting principles and audit methodologies provides clients with the highest service quality delivered with the utmost integrity.
Experience

Oct 2023- Present McIntosh CPA
Founder & President

e	2005 - 2023
Grau & Associates

Audit Staff	2005-2009	
Audit Senior	2009 -2011	
Audit Manager	2011 - 2014,	
Audit Partner	2014 - 2023	

Continuing Professional Education Over the last two(2) years

Government Accounting & Auditing Accounting, Auditing & Other (incl Ethics)
Total hours

Hours
37.5
42.5
80

�  561-981-6282
Ml mcintoshcpa@outlook.com Racquel Mcintosh, CPA
9 2385 NW Executive Center Dr. Suite 100, Boca Raton FL

EDUCATION

Masters of Accounting Florida Atlantic University 2004

Bachelor of Arts B.B.A
Major: Accounting & Finance
Florida Atlantic University
2003

INDUSTRIES

Governments
Non-profits

MEMBERSHIPS

AICPA
CSOA FASO

FICPA
FGFOA

FASO Board Member/Presenter
FICPA SLG Committee Member

Collaborations

In addition to external audits, Racquel has assisted clients with implementing new accounting standards and State legislation, switching ERP systems, improving internal controls via new policies and procedures, providing education via webinars/seminars, and providing guidance to management.

-

Schedule of Fees
Below are the all-inclusive fees for the District’s annual financial statement audit

Fiscal Year	Proposed Fee	
2026	$4,000	
2027	$4,100	
2028	$4,200	
2029	$4,300	
2030	$4,400	

The above fees are based on the District not issuing Bonds in any of the fiscal years. If Bonds are issued, then fees will be renegotiated.

Appendix

	
Midtown Improvement District

Ranking of Auditing Services Proposals

Midtown Improvement District
Auditor Selection - Manager's Recommended Rankings

Criteria	Possible Points	Grau & Associates	Grau Rec. Points	Richie Tandoc, P.A.	Richie Rec.
Points	Carr, Riggs & Ingram	CRI Rec.
Points	McIntosh CPA	McIntosh Rec. Points	

Ability of Personnel	

20.0	Qualified,				Qualified,			

15.0	
		Multiple CPAs on
Staff	

20.0	Qualified, Multiple CPAs
on Staff	

20.0	Multiple CPAs on
Staff	

20.0	One Qualified
CPA on Staff		

20.0	Extensive		Some		Extensive		Some	

18.0	
Proposer's		CDD		CDD		CDD		CDD		
Experience		Experience	20.0	Experience	18.0	Experience	20.0	Experience		

Understanding of	

20.0	

Sufficient							

20.0	
Scope of Work			20.0	Sufficient	20.0	Sufficient	20.0	Sufficient		

Ability to Furnish	

20.0	

Capable							

20.0	
Required Services			20.0	Capable	20.0	Capable	20.0	Capable		

Price for Services for Five Years	

20.0	$4,000 +
$4,100 +
$4,200 +
$4,300 +
$4,400 =
$21,000	

19.0	$4,000 +
$4,000 +
$4,100 +
$4,100 +
$4,100 =
$20,300	

20.0	$5,400 +
$5,400 +
$5,400 +
$5,400 +
$5,400 =
$27,000	

15.0	$4,000 +
$4,100 +
$4,200 +
$4,300 +
$4,400 =
$21,000	

19.0	
Total	100.0		99.0	98.0	95.0	92.0	

Midtown Improvement District

Minutes of the June 16, 2026, Board of Supervisors’ Meeting

MIDTOWN IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Midtown Improvement District was called to order on Tuesday, June 16, 2026, at 3:30 p.m. at 6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827.

Present:			
Richard Levey	Chair		
Rob Adams	Vice Chair		
Brent Schademan	Assistant Secretary	
Ron Domingue	Assistant Secretary	
Damon Ventura	Assistant Secretary	
Also Attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Amanda Lane	PFM	(via phone)	
Blake Firth	PFM	(via phone)	
Tucker Mackie	Kutak Rock	(via phone)	
Bob Schanck	Donald W. McIntosh Associates	
Will Stafford	Tavistock		
Carlos Negron	Berman		
DJ Batten	Berman		
Samantha Sharenow	Berman		
Eddie Padua	Berman		
Pete Fussell	Berman		
Edgard Morales	Berman	(joined at 3:31 p.m.)	

SECOND ORDER OF BUSINESS	Public Comment Period

Dr. Levey called for public comments and noted there were no comments from the public.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the May 19, 2026, Board of Supervisors’ Meeting

The Board reviewed the minutes of the May 19, 2026, Board of Supervisors’ Meeting.

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Minutes of the May 19, 2026, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Presentation and Review of 2026 District Infrastructure Assessment Report

The Board reviewed the 2026 District Infrastructure Assessment Report. Mr. Schanck noted that there were no immediate items of concern.

On motion by Mr. Adams, seconded by Mr. Schademan, with all in favor, the Board of Supervisors for the Midtown Improvement District accepted the 2026 District Infrastructure Assessment Report.

FIFTH ORDER OF BUSINESS	Consideration of 2nd Amendment to Personnel Leasing Agreement with Berman

Ms. Walden noted that this item is not ready and will be tabled to the next meeting.

SIXTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in May  2026  in  an  amount  totaling
$17,058.66

The Board reviewed O&M Expenditures paid in May 2026.

On motion by Mr. Schademan, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Midtown Improvement District ratified the Operation and Maintenance Expenditures paid in May 2026 in an amount totaling $17,058.66.

SEVENTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Ms. Walden explained that there was one Work Authorization from Cepra in the amount of $3,506.00. This includes replacing items damaged by the freeze and addressing the sight line complaints.

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Work Authorization with Cepra in an amount of
$3,506.00.

EIGHTH ORDER OF BUSINESS	Review of District’s Financials

Ms. Walden noted the financials are updated through the end of May. The District is approximately 67% through the Fiscal Year and has spent approximately 43% of the adopted budget. No action is required.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.	
District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, July 21, 2026, and that an email was sent to the Board Members with the link to complete Form 1, which is due July 1, 2026.	
District Engineer –	No report.	
Construction Supervisor –	No report.	
Landscape Supervisor –	Mr. Fussell noted the monthly landscape report (Minutes Exhibit A) was provided to the Board. He noted the vendor has been providing services as requested and they have completed the cold damage cut backs that were needed.	
Irrigation Supervisor –	Mr. Negron noted that a few items have been replaced recently, but overall things are doing well.	

TENTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

ELEVENTH ORDER OF BUSINESS	Adjournment

Dr. Levey called for a motion to adjourn.

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the June 16, 2026, Meeting of the Board of Supervisors for the Midtown Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

MINUTES EXHIBIT A

Midtown ID Monthly Landscape Report – May 2026

Maintenance – Mowing completed weekly on all common turf areas except for non-irrigated Bahia. Edging performed along sidewalks, curbs, and hard surfaces. Shrub Pruning as needed for shape and visibility. Bed weeds manually removed and chemically treated as needed. Detail and trash removal for all areas was completed weekly this month per the speciﬁcations. Fertilizer and Pest Control application completed as speciﬁed.
Irrigation Inspection was completed and the report is submitted separately.

Overall – The site is in Good condition overall. The turf, plants and trees continue to exhibit healthy growth and appearance. No signs of disease, insect infestations, or other landscape health concerns at this time.

Issues – The cold damage cut backs have been completed and the areas will required extra attention for weed growth.

Looking Ahead – Regular maintenance activities continue as scheduled. Pruning for cold
damage should be completed soon. Proposals are being generated to ﬁll in bed areas. Scheduling for enhancements, fertilizer, and pest treatments will be provided once determined.

Submitted by Pete Fussell Berman

Midtown ID Monthly Landscape Report – May 2026

	
Midtown Improvement District

Auditor Selection Committee Rankings & Selection of Auditor

Midtown Improvement District
Auditor Selection - Manager's Recommended Rankings

Criteria	Possible Points	Grau & Associates	Grau Rec. Points	Richie Tandoc, P.A.	Richie Rec.
Points	Carr, Riggs & Ingram	CRI Rec.
Points	McIntosh CPA	McIntosh Rec. Points	

Ability of Personnel	

20.0	Qualified,				Qualified,			

15.0	
		Multiple CPAs on
Staff	

20.0	Qualified, Multiple CPAs
on Staff	

20.0	Multiple CPAs on
Staff	

20.0	One Qualified
CPA on Staff		

20.0	Extensive		Some		Extensive		Some	

18.0	
Proposer's		CDD		CDD		CDD		CDD		
Experience		Experience	20.0	Experience	18.0	Experience	20.0	Experience		

Understanding of	

20.0	

Sufficient							

20.0	
Scope of Work			20.0	Sufficient	20.0	Sufficient	20.0	Sufficient		

Ability to Furnish	

20.0	

Capable							

20.0	
Required Services			20.0	Capable	20.0	Capable	20.0	Capable		

Price for Services for Five Years	

20.0	$4,000 +
$4,100 +
$4,200 +
$4,300 +
$4,400 =
$21,000	

19.0	$4,000 +
$4,000 +
$4,100 +
$4,100 +
$4,100 =
$20,300	

20.0	$5,400 +
$5,400 +
$5,400 +
$5,400 +
$5,400 =
$27,000	

15.0	$4,000 +
$4,100 +
$4,200 +
$4,300 +
$4,400 =
$21,000	

19.0	
Total	100.0		99.0	98.0	95.0	92.0	

Midtown Improvement District

2nd Amendment to Personnel Leasing Agreement with Berman

SECOND AMENDMENT TO THE PERSONNEL LEASING AGREEMENT [LANDSCAPE & IRRIGATION MONITORING AND MAINTENANCE]

This  Second  Amendment  is  made  and  entered  into  as  of  the 	 day of
	 2026, by and between:

MIDTOWN IMPROVEMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in the City of Orlando, Florida, whose address is 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817 (the “Lessee” or “District”), and

BERMAN CONSTRUCTION, LLC, a Florida limited liability company, whose address is 9801 Lake Nona Club Drive, Orlando, Florida 32827 (the “Lessor” and, together with the District, the “Parties”).
Recitals

Whereas, the District is a special-purpose unit of local government established pursuant to and governed by Chapter 190, Florida Statutes;
WHEREAS, the District previously entered into an agreement dated July 20, 2021, with Lessor for personnel leasing for landscape and irrigation monitoring and maintenance services, as amended by a First Amendment dated October 21, 2021 (together, the “Agreement”);
WHEREAS, pursuant to the provisions of the Agreement, the parties desire to amend the compensation provided to the Lessor through this Second Amendment to the Agreement (“Second Amendment”); and

Whereas, the District and Lessor warrant and agree that they have all right, power and authority to enter into and be bound by this Second Amendment.

Now Therefore, in consideration of the recitals, agreements, and mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties agree as follows:

SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Second Amendment.

SECTION 2. Section 6.A. of the Agreement is hereby amended to increase the total compensation provided to Lessor for Administrator Services (as defined in the Agreement) to Six Thousand Three Hundred Twenty-Three Dollars and Twenty Cents ($6,323.20) per year, payable in twelve (12) equal monthly payments in accordance with the terms of the Agreement.

SECTION 3. Section 6.B. of the Agreement is hereby amended to increase the total compensation provided to Lessor for Irrigation Specialist Services (as defined in the Agreement) to Seven Thousand Nine Hundred Four Dollars ($7,904.00) per year, payable in twelve (12) equal monthly payments in accordance with the terms of the Agreement.

Section 4.	Except as specifically amended above, the Agreement shall remain in full force and effect, unaltered by this Second Amendment.

In Witness Whereof, the parties hereto have signed this Second Amendment on the day and year first written above.

Attest:	Midtown Improvement District

Secretary/Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Berman Construction, LLC

By: 	

Witness	Print: 		 Its: 	

Print Name of Witness

2

Midtown Improvement District

Tree Pruning Proposals

Tree Pruning Proposals Summary

Paradise		DWC Arbor &	Outdoors &
Outdoors	Hauling

Tavistock Lakes	$15,987.00	$10,500.00	
Laureate Blvd			
Total	$15,987.00	$10,500.00	

Midtown Improvement District

Paradise Arbor & Outdoors Proposal

Paradise Arbor and Outdoors
1776 Hontoon Rd Deland, FL 32720 US
+14076986465
paradisearborandoutdoors@gmail.com

Estimate
ADDRESS
PFM Group Lanea@pfm.com

ESTIMATE # 2835
DATE 10/20/2025
EXPIRATION DATE 12/31/2026

JOB NAME:
Lake Nona Hardwoods - CCD 2026

DATE	ACTIVITY	DESCRIPTION	QTY	RATE	AMOUNT	
	Tree Trimming	Boggy Creek District:	1	25,495.00	25,495.00	
		Roads - Laureate Blvd. (Veterans - Medical City) & Lake Nona Blvd. (Nemours - Humboldt)				
		Scope:Trim up Branches over road 15ft, Trim up Branches over sidewalk 12ft. also sign and light clearance				
	
Tree Trimming	MOT Permit & Set Up Midtown District:	
1	
15,987.00	
15,987.00	
		Roads - Tavistock Lakes Blvd. (Hitchings - Walcott) & Laureate Blvd. (Benavente - Veterans)				
		Scope:Trim up Branches over road 15ft, Trim up Branches over sidewalk 12ft also sign and light clearance				
	
Tree Trimming	MOT Permit & Set Up Poitris East District:	
1	
26,352.00	
26,352.00	
		Roads - Luminary / Selton / Pearson				
		Scope: Trim Up Branches over road 15ft, Trim up Branches over sidewalk 12ft also sign and light clearance				

DATE	ACTIVITY	DESCRIPTION	QTY	RATE	AMOUNT	
	MOT Permit and Set Up				
	100 Trees - Structural and Elevation
23 Transplanted Trees Structural and Elevation
11 Dead Trees Removed, flush cut only				
Tree Trimming	Greenway District:	1	14,892.00	14,892.00	
	Roads - Laureate Blvd. (Maskawa - Round About) & Nemours (Bovet - Sperry)				
	Scope:Trim up Branches over road 15ft, Trim up Branches over sidewalk 12ft also sign and light clearance				
	MOT Permit and Set Up				
Details	Myrtle Creek:	1	47,990.00	47,990.00	
	Roads - Wellspring Blvd (all trees) Myrtle Creek (Wellspring - Approach)				
	Scope:Trim up Branches over road 15ft, Trim up Branches over sidewalk 12ft also sign and light clearance				
	MOT Permit and Set Up				

SUBTOTAL	130,716.00
TAX	0.00
TOTAL	$130,716.00

Accepted By	Accepted Date

Midtown Improvement District

DWC Outdoors & Hauling Proposal

DWC Outdoors & Hauling LLC	Proposal #4033
PO BOX 675	Created: 10/14/2025
Minneola FL 34755-0675	From: Sierra Cook

Proposal For	Location	
PFM	Lake Nona Blvd	
	Orlando, FL	
Orlando, FL 32827	lanea@pfm.com	
	Terms	
Midtown CDD Hardwoods	Due on receipt	

ITEM DESCRIPTION	QUANTITY	UNIT PRICE	AMOUNT	
1) Hardwood Pruning	1	$ 10,500.00	$ 10,500.00
Midtown CDD Hardwood Pruning.
-Elevation over road, 15FT, sidewalk 12FT, light interior.
-Sign and light clearance
- MOT Permit, and set up required.

Midtown – Tavistock Lakes - Hitchings to Walcott Laureate Blvd - Benavente to Veterans

SUBTOTAL	$ 10,500.00	
SALES TAX	$ 0.00	
TOTAL	$ 10,500.00	

All work will be completed in accordance with these plans unless subsequent changes are agreed upon in writing. Balances not paid by the due date are subject to late fees.

Signature

x	Date:

Please sign here to accept the terms and conditions
Sales Reps
Sierra Cook
Ofﬁce: 352-396-7711
sierra@dwcoutdoors.com

DWC Outdoors & Hauling LLC	Proposal #4033
PO BOX 675	Created: 10/14/2025
Minneola FL 34755-0675	From: Sierra Cook

ID

DESCRIPTION

COLOR

Start	Both sides of the road

End	Both sides of the road

End	Both sides of the road

DWC Outdoors & Hauling LLC
PO BOX 675
Minneola FL 34755-0675

Proposal #4033
Created: 10/14/2025
From: Sierra Cook

Start	Both sides of the road

DWC Outdoors & Hauling LLC. - Terms and Conditions - Updated 7/5/2023

Client/Owner shall provide all utilities to perform work at Job Site. Client/Owner shall furnish access to all parts of the job site where Contractor is to perform work as required by the Contract or other job-related functions in compliance with the contract during normal working hours or hours required by the contract or other reasonable periods of time. Contractor will commence work as reasonably practical after the owner makes the site available to perform work.

Contractor shall recognize and perform in accordance with only written terms, contract specifications, and drawings contained or referred to herein. All materials shall conform to contract specifications.

Any additional services not specified in the signed written contract that involves additional costs will be executed only upon signed written work order and additional fees will be assessed over and above the estimate.

If the job site conditions materially change from the time of approval of this proposal to the commencement of work causing the job costs to adversely change, this proposal is null and void. Scheduling of work is dependent on weather conditions and workloads. Safety of workforce will always take precedence.

Any requests not in accordance with ISA standards will require a signed waiver of liability.

Contractor shall indemnify the Client/Owner and its agents and employees from liabilities which may be caused due to the Contractor's work. It is understood and agreed that the Contractor shall not be liable for any damages that are the result of the sole negligence or willful misconduct of the Client/Owner or an indemnified party. Contractor shall not be liable for any damage that occurs from acts of God. Acts of God are defined as those caused by acts of nature such as hail, fire, flood, hurricane, windstorm, etc. Under these instances, Contractor shall have the right to renegotiate the terms and prices of this proposal within thirty (30) days. Any illegal trespass claims and/or damages resulting from work requested that is not on property owned by Client/Owner or not under Client/Owner management and authorization shall be the sole responsibility of Client/Owner.

Notice of Cancellation of work must be received in writing to a Principle/Management of DWC Outdoors 10 days prior to job scheduled date. Failure to do so will results in a $250 cancellation fee.

Client/Owner shall make payment to Contractor within two (2) days of receipt of invoice unless otherwise agreed upon in writing. Failure to make payment per terms may result in a Mechanic's Lien, & 18% APR with a minimum of $100.00 per month.

All work, including emergency work, overtime and weekend work performed outside of the normal working hours (Mon-Fri 6:30 a.m.- 5:00 p.m.) shall be billed at overtime rates. Power equipment will commence at 7:00 a.m., unless otherwise specified in the contract agreement. Additional charges will apply if crews are unable to use power equipment by 9:00 a.m.

Septic & Drain Field - DWC Outdoors will not be responsible for any unmarked septic tanks or drain fields during time of work. Please have all areas marked prior to scheduled date of work.

Oil Dropping – DWC Outdoors will not be responsible for any oil stains on driveways or sidewalks. We have new equipment, but sometimes there may be drops of oil while working on job sites. We do our best to avoid any and all droppings of oil.

Heavy Equipment – DWC Outdoors will not be responsible for any damaged and/or cracked concrete areas or for any ruts / lawn damage due to use of any heavy equipment defined as; cranes, bobcats, large trucks and /or chippers, etc.

Miscellaneous Items – DWC Outdoors will not be responsible for any items or plants left in working area on day of job. Please have everything moved / relocated before work is started.

Irrigation – DWC Outdoors will not be responsible for any irrigation lines, sprinkler heads or anything else buried underground that is not marked. Heavy equipment is sometimes required on the property and it is the responsibility of the customer for possible repairs.

Electrical Lines (various) – If lines are not marked, DWC Outdoors will not be responsible for any damage such as cut or crushed lines. Please have all lines (gas line, water, telephone, cable, fiber optics buried) marked prior to date of job. It is the client’s responsibility to get all lines marked. You can call Sunshine 811 at 1-800-432-4770 and they will locate most lines.

Property & Structural Damage – DWC Outdoors has their own repair service for any damage caused by the company. We will not use outside contractors to do the repair due to previous price gouging and unfair business tactics. If DWC Outdoors cannot repair the damage, we have the right to select a third-party contractor for the repair. We are insured, but because of rate increases, we have the right to repair it at our cost. If property damage occurs DWC Outdoors will make every effort to return the damaged item to the condition that it was prior to the incident. Due to weathering, fading, age, and general wear and tear DWC Outdoors cannot guarantee that the replaced item will match exactly to the damaged item.

Tree Removal - Trees removed will be cut close to the ground based on the conditions next to the bottom of the tree trunk. Additional charges will be assessed for unseen hazards such as, but not limited to concrete or brick filled trunks, metal rods, etc. If requested, mechanical grinding of visible tree stump will be done to a defined width and depth below ground level at an additional charge to the Client/Owner. Client/Owner shall be responsible for contacting Underground Service Alert to locate underground utility and cable lines prior to commencement of work. DWC Outdoors is not responsible for damage to underground utilities such as, but not limited to, cables, wires, pipes, and irrigation systems. DWC Outdoors may repair damaged irrigation lines at the Client/Owner's expense.

Disclaimer: Contract is based on the information given at the time of contract and priced based upon information gathered during the proposal process using ordinary means and information given, at or about the time the proposal was prepared. The price quoted in the proposal for work performed is the result of that information and therefore DWC Outdoors will not be liable for any additional costs or damages for additional work not described on the contract or proposal and terms and conditions, that were not ascertainable at the time proposal or contract. The work performed by DWC Outdoors is intended to preserve the tree's integrity and any property of the corresponding work and enhance the overall value of the property but is not a guarantee. DWC Outdoors cannot be held liable for unknown or otherwise hidden defects of any trees on or near work being performed, which may fail in the future. The work performed cannot guarantee exact results.

Midtown Improvement District

Operation and Maintenance Expenditures Paid in June 2026 in an amount totaling $47,423.60

MIDTOWN IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from June 1, 2026 through June 30, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:    $47,423.60

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

AP Check Register (Current by Bank)
Check Dates: 6/1/2026 to 6/30/2026

Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: OM9019 - CIT( NATIONAL BANK	001-101-0000-00-01	
163 	06/0%/26	P	B)R A*	Ber$an Construction		&1'13 ( 	
16 0	06/0%/26	P	C)PRA	Ce+ra ,an-sca+e		&11'3 1( %	
16 1	06/0%/26	P	D2* C	Dona.- / c0ntosh Associates		&1'12%(11	
16 2	06/11/26	P	BC0D	Boggy Creek 0$+ro3e$ent Distri		&%6(11	
16 3	06/23/26	P	B)R A*	Ber$an Construction		&1'13 ( 	
16 	06/23/26	P	B4C5AD	Brent 4cha-e$an		&200(00	
16 %	06/23/26	P	C)PRA	Ce+ra ,an-sca+e		&11'6 1(2%	
16 6	06/23/26	P	D2* C	Dona.- / c0ntosh Associates		&6' 1 (0 	
16 	06/23/26	P	D6)*78	Da$on 6entura		&200(00	
16 1	06/23/26	P	987A9	9utak Rock		&1'2 (00	
16 	06/23/26	P	2R,4)*	2r.an-o 4entine.		&% 6(0 	
16%0	06/23/26	P	P: 4	P:  anage$ent 4er3ices		&2' 23( 	
16%1	06/23/26	P	RADA 4	Rob A-a$s		&200(00	
16%2	06/23/26	P	RD2 0*	Ron Do$ingue		&200(00	
16%3	06/23/26	P	R,)6);	Richar- ,e3ey		&200(00	
16% 	06/30/26	P	D2* C	Dona.- / c0ntosh Associates		&3'30 ( 	
					BANK OM9019 REGISTER TOTAL:	$42,510.33	
BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 4 5IRES	001-101-0000-00-01	
 0066	06/23/26	 	BC0D	Boggy Creek 0$+ro3e$ent Distri		&3'02 (61	
 006 	06/22/26	 	28C	2r.an-o 8ti.ities Co$$ission		&%'0 6(2 	
 0061	06/23/26	 	6<,2BA	6<.oba.7ech		&1 0(00	
					BANK OM-ACH REGISTER TOTAL:	$8,273.92	
					GRAND TOTAL :	$50,784.25	

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" - Void ( Void Date ); "A" - Application; "E" - EFT
** Denotes broken check sequence.

BANK:	OM9019	CHECK:	1639	AMOUNT:	$1,139.99	DATE:	06/05/26	VEND ID:	BERMAN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/01/26
05/01/26	960944
960944			PA 223 - May administrator ser PA 223 - May irrigation specia				$0.00
$0.00		$506.66
$633.33	

BANK:	
OM9019	
CHECK:	
1640	TOTALS:
AMOUNT:	
$11,371.75	
DATE:	
06/05/26	
VEND ID:	$0.00
CEPRA		$1,139.99	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/01/26
05/01/26
05/01/26	O-S10065 O-S10065 O-S10065		PA 223 - May Sec. 2 landscapin PA 223 - May Sec. 3 landscapin PA 223 - May Sec. 1 landscapin				$0.00
$0.00
$0.00		$7,571.50
$1,850.75
$1,949.50	

BANK:	
OM9019	
CHECK:	
1641	TOTALS:
AMOUNT:	
$1,125.88	
DATE:	
06/05/26	
VEND ID:	$0.00
DONMC		$11,371.75	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
04/17/26	48860			PA 225 - Eng. srvs. thru 03/27				$0.00		$1,125.88	

BANK:	
OM9019	
CHECK:	
1642	TOTALS:
AMOUNT:	
$56.18	
DATE:	
06/11/26	
VEND ID:	$0.00
BCID		$1,125.88	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/11/26	OSA58544		FR 142 - Ad: 54944 split 5 way				$0.00		$56.18	
				TOTALS:					$0.00		$56.18	
BANK:	OM-ACH	CHECK:	70066	AMOUNT:	$3,027.68	DATE:	06/23/26	VEND ID:	BCID			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/31/26
05/31/26
05/31/26
05/31/26	ICM2026-08 ICM2026-08 ICM2026-08 ICM2026-08		PA 227 - May ICM - Aquatics
PA 227 - May ICM - Landscaping PA 227 - May ICM - Lighting
PA 227 - May ICM - Reclaimed w				$0.00
$0.00
$0.00
$0.00		$100.19
$2,881.20
$22.03
$24.26	

BANK:	
OM-ACH	
CHECK:	
70067	TOTALS:
AMOUNT:	
$5,076.24	
DATE:	
06/22/26	
VEND ID:	$0.00
OUC		$3,027.68	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/02/26
06/02/26
06/02/26
06/02/26	93173-060226
93173-060226
93173-060226
93173-060226		PA 227 - 05/01/2026 - 06/02/20 PA 227 - 05/01/2026 - 06/02/20 PA 227 - 05/01/2026 - 06/02/20 PA 227 - 05/01/2026 - 06/02/20				$0.00
$0.00
$0.00
$0.00		$50.95
$1,049.90
$3,907.43
$67.96	

BANK:	
OM-ACH	
CHECK:	
70068	TOTALS:
AMOUNT:	
$170.00	
DATE:	
06/23/26	
VEND ID:	$0.00
VGLOBA		$5,076.24	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/01/26	8589			PA 227 - Jun. website maint.				$0.00		$170.00	
				TOTALS:					$0.00		$170.00	
BANK:	OM9019	CHECK:	1643	AMOUNT:	$1,139.99	DATE:	06/23/26	VEND ID:	BERMAN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/01/26
06/01/26	961599
961599			PA 227 - Jun. administrator se PA 227 - Jun. irrigation speci				$0.00
$0.00		$506.66
$633.33	

BANK:	
OM9019	
CHECK:	
1644	TOTALS:
AMOUNT:	
$200.00	
DATE:	
06/23/26	
VEND ID:	$0.00
BSCHAD		$1,139.99	
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
06/16/26	2026.06.16		PA 229 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	

BANK:	OM9019	CHECK:	1645	AMOUNT:	$11,641.25	DATE:	06/23/26	VEND ID:	CEPRA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/20/26
06/01/26
06/01/26
06/01/26	O-S10143 O-S10214 O-S10214 O-S10214		PA 228 - May controller 70 dec PA 227 - Jun. Sec. 2 landscapi PA 227 - Jun. Sec. 3 landscapi PA 227 - Jun. Sec. 1 landscapi				$0.00
$0.00
$0.00
$0.00		$269.50
$7,571.50
$1,850.75
$1,949.50	

BANK:	
OM9019	
CHECK:	
1646	TOTALS:
AMOUNT:	
$6,984.04	
DATE:	
06/23/26	
VEND ID:	$0.00
DONMC		$11,641.25	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/22/26	49034			PA 226 - Eng. srvs. thru 05/01				$0.00		$6,984.04	

BANK:	
OM9019	
CHECK:	
1647	TOTALS:
AMOUNT:	
$200.00	
DATE:	
06/23/26	
VEND ID:	$0.00
DVENTU		$6,984.04	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/16/26	2026.06.16		PA 229 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM9019	CHECK:	1648	AMOUNT:	$1,247.00	DATE:	06/23/26	VEND ID:	KUTAK			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/03/26	3758425			PA 228 - Gen. legal thru 03/31				$0.00		$1,247.00	

BANK:	
OM9019	
CHECK:	
1649	TOTALS:
AMOUNT:	
$576.04	
DATE:	
06/23/26	
VEND ID:	$0.00
ORLSEN		$1,247.00	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
05/18/26
06/08/26	OSA62323 OSA74989		PA 228 - Ad: 54955; 05/19/2026
PA 228 - Ad: 73312; Request fo				$0.00
$0.00		$252.48
$323.56	
				TOTALS:					$0.00		$576.04	
BANK:	OM9019	CHECK:	1650	AMOUNT:	$2,923.74	DATE:	06/23/26	VEND ID:	PFMMS			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/05/26
06/09/26	DM-06-2026-46
OE-EXP-06-2026-23		PA 228 - DM fee: Jun. 2026
PA 228 - May FedEx				$0.00
$0.00		$2,916.67
$7.07	

BANK:	
OM9019	
CHECK:	
1651	TOTALS:
AMOUNT:	
$200.00	
DATE:	
06/23/26	
VEND ID:	$0.00
RADAMS		$2,923.74	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/16/26	2026.06.16		PA 229 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM9019	CHECK:	1652	AMOUNT:	$200.00	DATE:	06/23/26	VEND ID:	RDOMIN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/16/26	2026.06.16		PA 229 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM9019	CHECK:	1653	AMOUNT:	$200.00	DATE:	06/23/26	VEND ID:	RLEVEY			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
06/16/26	2026.06.16		PA 229 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM9019	CHECK:	1654	AMOUNT:	$3,304.47	DATE:	06/30/26	VEND ID:	DONMC			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
04/17/26	48859		FR 143 - Centerline Drive - Se				$0.00		$3,304.47	
			TOTALS:				$0.00		$3,304.47	

Work Authorizations/Proposed Services
(if applicable)

District Financials

Midtown Improvement District
June 2026 Financial Package

June 30, 2026

PFM Management Services LLC
3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

Midtown Improvement District Statement of Financial Position As of 6/30/2026	
	
General Fund		
Capital Projects Fund			
Total	
	
Assets						
Current Assets							
General Checking Account	$	37,319.12				$	37,319.12	
Infrastructure Capital Reserve	34,764.23					34,764.23	
Interchange Maintenance Reserve	4,927.57					4,927.57	
Accounts Receivable - Due from Developer			$	16,474.38			16,474.38	
Total Current Assets	$	77,010.92		$	16,474.38		$	93,485.30	
Total Assets	$	77,010.92		$	16,474.38		$	93,485.30	

Liabilities and Net Assets	
Current Liabilities							
Accounts Payable	$	6,080.11				$	6,080.11	
Due To Other Governmental Units	3,036.70					3,036.70	
Accounts Payable			$	16,474.38			16,474.38	
Deferred Revenue			16,474.38			16,474.38	
Total Current Liabilities	$	9,116.81		$	32,948.76		$	42,065.57	
Total Liabilities	$	9,116.81		$	32,948.76		$	42,065.57	

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

$	0.55				

$	

0.55	
	67,893.56					67,893.56	

Current Year Net Assets, Unrestricted			
$	(16,474.38)			
(16,474.38)	
Total Net Assets	$	67,894.11		$	(16,474.38)		$	51,419.73	
							
Total Liabilities and Net Assets	$	77,010.92		$	16,474.38		$	93,485.30	

Midtown Improvement District
Statement of Activities	
As of 6/30/	2026						
	
General Fund		Capital Projects Fund			
Total	
Revenues							
Developer Contributions	$ 330,961.34				$	330,961.34	
Developer Contributions			$	38,018.67			38,018.67	
Total Revenues	$ 330,961.34		$	38,018.67		$	368,980.01	
Expenses							
Supervisor Fees	$	6,600.00				$	6,600.00	
Public Officials' Liability Insurance	2,743.00					2,743.00	
Management	26,250.03					26,250.03	
Engineering	10,803.93					10,803.93	
District Counsel	9,136.14					9,136.14	
Audit	5,400.00					5,400.00	
Tax Preparation	16.80					16.80	
Postage & Shipping	66.18					66.18	
Legal Advertising	2,109.87					2,109.87	
Web Site Maintenance	2,130.00					2,130.00	
Holiday Decorations	750.00					750.00	
Dues, Licenses, and Fees	175.00					175.00	
Electric	405.20					405.20	
Water Reclaimed	5,918.14					5,918.14	
General Insurance	3,353.00					3,353.00	
Property & Casualty	495.00					495.00	
Other Insurance	500.00					500.00	
Irrigation	8,467.50					8,467.50	
Landscaping Maintenance & Material	102,345.75					102,345.75	
Contingency	2,499.58					2,499.58	
IME - Aquatics Maintenance	901.71					901.71	
IME - Irrigation	180.42					180.42	
IME - Landscaping	25,930.80					25,930.80	
IME - Lighting	186.64					186.64	
IME - Miscellaneous	73.18					73.18	
IME - Water Reclaimed	240.76					240.76	
Pest Control	1,159.00					1,159.00	
Entry and Wall Maintenance	1,550.00					1,550.00	
Hardscape Maintenance	3,850.00					3,850.00	
Streetlights	31,201.94					31,201.94	
Personnel Leasing Agreement	10,259.91					10,259.91	
Engineering			$	50,434.70			50,434.70	
District Counsel			420.00			420.00	
Legal Advertising			491.72			491.72	
Contingency			3,146.63			3,146.63	
Total Expenses	$ 265,699.48		$	54,493.05		$	320,192.53	

Midtown Improvement District
Statement of Activities As of 6/30/2026	
	
General Fund		Capital Projects Fund			
Total	
Other Revenues (Expenses) & Gains (Losses)
Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$	2,631.70

$	2,631.70		

$	-		

$
$	

2,631.70
2,631.70	
Change In Net Assets	$	67,893.56		$	(16,474.38)		$	51,419.18	
Net Assets At Beginning Of Year	$	0.55		$	-		$	0.55	

Net Assets At End Of Year	
$	
67,894.11		
$	(16,474.38)		
$	
51,419.73	

Midtown Improvement District
Budget to Actual

YTD Variance		FY 2026
Adopted Budget		Percentage Spent	

$  (73,596.87)		
$ 539,410.95		
61.36%	
$  (73,596.87)		$ 539,410.95		61.36%	

$	(2,400.00)		

$  12,000.00		

55.00%	
510.85		2,976.20		92.16%	
(5,625.00)		7,500.00		0.00%	
0.03		35,000.00		75.00%	
(2,321.07)		17,500.00		61.74%	
(3,750.00)		5,000.00		0.00%	
(375.00)		500.00		0.00%	
(13,363.86)		30,000.00		30.45%	
(5,625.00)		7,500.00		0.00%	
(187.49)		250.00		0.00%	
1,350.00		5,400.00		100.00%	
(375.00)		500.00		0.00%	
5.10		15.60		107.69%	
(225.00)		300.00		0.00%	
(18.75)		25.00		0.00%	
(683.82)		1,000.00		6.62%	
(562.50)		750.00		0.00%	
(1,640.13)		5,000.00		42.20%	
(36.00)		48.00		0.00%	
(3,750.00)		5,000.00		0.00%	
(187.50)		250.00		0.00%	
(202.50)		270.00		0.00%	
(300.00)		3,240.00		65.74%	
-		1,000.00		75.00%	
43.75		175.00		100.00%	
$  (39,718.89)		$ 141,199.80		46.87%	

For the Month Ending 6/30/2026

Revenues

YTD Actual

YTD Budget

Developer Contributions	$  330,961.34		$ 404,558.21	
Net Revenues	$ 330,961.34		$ 404,558.21	

General & Administrative Expenses					
Legislative
Supervisor Fees	
$	
6,600.00	
$	
9,000.00	
Financial & Administrative					
Public Officials' Liability Insurance	2,743.00		2,232.15	
Trustee Services	-		5,625.00	
Management	26,250.03		26,250.00	
Engineering	10,803.93		13,125.00	
Disclosure	-		3,750.00	
Property Appraiser	-		375.00	
District Counsel	9,136.14		22,500.00	
Assessment Administration	-		5,625.00	
Reamortization Schedules	-		187.49	
Audit	5,400.00		4,050.00	
Arbitrage Calculation	-		375.00	
Tax Preparation	16.80		11.70	
Travel and Per Diem	-		225.00	
Telephone	-		18.75	
Postage & Shipping	66.18		750.00	
Copies	-		562.50	
Legal Advertising	2,109.87		3,750.00	
Bank Fees	-		36.00	
Miscellaneous	-		3,750.00	
Meeting Room	-		187.50	
Office Supplies	-		202.50	
Web Site Maintenance	2,130.00		2,430.00	
Holiday Decorations	750.00		750.00	
Dues, Licenses, and Fees	175.00		131.25	
Total General & Administrative Expenses	$	66,180.95		$ 105,899.84	

Midtown Improvement District	
Budget to Actual	
For the Month Ending 6/30/2026	
	
YTD Actual		
YTD Budget	
YTD Variance	FY 2026
Adopted Budget	Percentage Spent	

Field Operations					
Electric Utility Services					
Electric	$	405.20		$	2,250.00	$	(1,844.80)	$	3,000.00	13.51%	
Water-Sewer Combination Services					
Water Reclaimed		5,918.14		11,250.00	(5,331.86)	15,000.00	39.45%	
Other Physical Environment					
General Insurance		3,353.00		2,728.09	624.91	3,637.45	92.18%	
Property & Casualty Insurance		495.00		416.59	78.41	555.45	89.12%	
Other Insurance		500.00		1,125.00	(625.00)	1,500.00	33.33%	
Irrigation Repairs		8,467.50		33,750.00	(25,282.50)	45,000.00	18.82%	
Landscaping Maintenance & Material		102,345.75		120,000.00	(17,654.25)	160,000.00	63.97%	
Tree Trimming		-		7,125.00	(7,125.00)	9,500.00	0.00%	
Flower & Plant Replacement		-		11,400.00	(11,400.00)	15,200.00	0.00%	
Contingency		2,499.58		7,500.00	(5,000.42)	10,000.00	25.00%	
Pest Control		1,159.00		900.00	259.00	1,200.00	96.58%	
Interchange Maintenance Expenses					
IME - Aquatics Maintenance		901.71		954.00	(52.29)	1,272.00	70.89%	
IME - Irrigation Repairs		180.42		900.00	(719.58)	1,200.00	15.04%	
IME - Landscaping		25,930.80		26,380.89	(450.09)	35,174.52	73.72%	
IME - Lighting		186.64		360.00	(173.36)	480.00	38.88%	
IME - Miscellaneous		73.18		1,800.00	(1,726.82)	2,400.00	3.05%	
IME - Water Reclaimed		240.76		450.00	(209.24)	600.00	40.13%	
IME - Landscape Improvements		-		3,600.00	(3,600.00)	4,800.00	0.00%	
Trail Expenses					
Trail Maintenance		-		15,000.00	(15,000.00)	20,000.00	0.00%	
Road & Street Facilities					
Entry and Wall Maintenance		1,550.00		855.00	695.00	1,140.00	135.96%	
Hardscape Maintenance		3,850.00		3,750.00	100.00	5,000.00	77.00%	
Streetlights		31,201.94		28,125.00	3,076.94	37,500.00	83.21%	
Accent Lighting		-		570.00	(570.00)	760.00	0.00%	
Parks & Recreation					
Personnel Leasing Agreement - Administrator		4,559.94		4,560.00	(0.06)	6,080.00	75.00%	
Personnel Leasing Agreement - Irrigation Specialist		5,699.97		5,700.00	(0.03)	7,600.00	75.00%	
Reserves					
Infrastructure Capital Reserve		-		6,327.00	(6,327.00)	8,436.00	0.00%	
Interchange Maintenance Reserve		-		896.80	(896.80)	1,195.73	0.00%	
Total Field Operations Expenses	$	199,518.53		
$ 298,673.37	
$  (99,154.84)	
$ 398,231.15	
50.10%	
Total Expenses	$	265,699.48		
$ 404,573.21	
$ (138,873.73)	
$ 539,430.95	
49.26%	
Income (Loss) from Operations	$	65,261.86		$	(15.00)	$	65,276.86	$	(20.00)		
Other Income (Expense)					
Interest Income	$	2,631.70		$	15.00	$	2,616.70	$	20.00	13158.50%	
Total Other Income (Expense)	$	2,631.70		
$	15.00	
$	2,616.70	
$	20.00	
13158.50%	

  	
Net Income (Loss)	$	67,893.56		$	-	$	67,893.56	$	-		

Midtown Improvement District Cash Flow

FY25 Inflows	FY25 Outflows	FY26 Inflows	FY26 Outflows	End. Cash	

329.39	
(41,541.56)	
-	
(7,091.00)	
38,644.66		
-	(11,812.34)	106.70	-	26,939.02		
-	-	4,458.53	(6,712.39)	24,685.16		
-	(9,516.91)	145,295.23	(49,650.17)	110,813.31		
-	-	5,489.84	(48,271.30)	68,031.85		
-	-	11,257.58	(37,240.97)	42,048.46		
-	-	138,717.41	(56,853.78)	123,912.09		
-	-	4,707.13	(27,433.93)	101,185.29		
-	-	430.19	(17,058.66)	84,556.82		
-	-	3,546.55	(50,784.25)	37,319.12		
-	-	10,925.80	(10,925.80)	37,319.12	as of 07/14/2026	

Beg. Cash

9/1/2025	86,947.83	
10/1/2025	38,644.66	
11/1/2025	26,939.02	
12/1/2025	24,685.16	
1/1/2026	110,813.31	
2/1/2026	68,031.85	
3/1/2026	42,048.46	
4/1/2026	123,912.09	
5/1/2026	101,185.29	
6/1/2026	84,556.82	
7/1/2026	37,319.12	

Totals	329.39	(62,870.81)	324,934.96	(312,022.25)

Page 6 of 6