Kingman Gate Community Development District
(Riviera)

http://www.kingmangatecdd.com

Teresa Baluja, Chair Carmen Orozco, Vice Chair
Vanessa Perez, Assistant Secretary Raisa Krause, Assistant Secretary Marc Szasz, Assistant Secretary

March 13, 2026

Seat 2: Teresa Baluja – C		
Seat 3: Carmen Orozco – V.C.		
Seat 4: Vanessa Perez – A.S.		
Seat 5: Raisa Krause – A.S.		
Seat 1: Marc Szasz – A.S.		

Kingman Gate
Community Development District
Agenda
Friday	Lennar Homes
March 13, 2026	5505 Waterford District Drive, Miami, Florida 11:00 a.m.		Join the meeting now
Meeting ID: 252 431 172 080 39 and Passcode: sc2dq2Jc
1 872-240-4685 and Phone Conference ID: 949 824 364#

Roll Call

Approval of Minutes of the November 14, 2025 Meeting – Page 3

Consideration of Resolution #2026-01 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing – Page 7
Acceptance of Audit for Fiscal Year Ending in September 30, 2025 – Page 21
Discussion of:
Procedures for Landowners Election Meeting – November 13, 2026 – Page 57
Procedures for the General Election – Page 60

Staff Reports
Attorney – Consideration of Request for Adjustment to District Counsel Fee Structure – Page 63

Engineer – Engineers Personnel Billing Rates – Page 65

Field – Monthly Report – Page 67

Manager

Financial Reports
Acceptance of Check Register – Page 74
Acceptance of Unaudited Financials – Page 79
Supervisors Requests and Audience Comments
Adjournment
Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.kingmangatecdd.com

MINUTES OF MEETING KINGMAN GATE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Kingman Gate Community Development District was held on November 14, 2025, at 11:03 a.m. at the Offices of Lennar Homes, 5505 Waterford District Drive, Miami, Florida.
Present and constituting a quorum were:

Teresa Baluja	Chairperson
Vanessa Perez	Assistant Secretary
Raisa Krause	Assistant Secretary Also present were:
Ben Quesada	District Manager
Jesus Lorenzo	GMS
Mayra Padilla by phone	GMS
Juliana Duque	GMS
Michael Pawelczyk	District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Quesada called the meeting to order and called roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSINESSS	Approval of the Minutes of the August
15, 2025 Meeting
Mr. Quesada: You have the approval of the minutes from the August 15, 2025 meeting. Are there any comments, correction, or changes? Hearing no changes, I will ask for a motion to approve them.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Minutes of the August 15, 2025 Meeting, were approved.

THIRD ORDER OF BUSINESS	Consideration of Engagement Letter
with Grau & Associates to Perform the Audit of Fiscal Year Ending September 30, 2025
Mr. Quesada: The next item is consideration of the Engagement Letter with Grau & Associates to perform the audit for the fiscal year ending September 30, 2025. This is just to begin your audit for the fiscal year that just ended.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the Engagement Letter with Grau & Associates to Perform the Audit of Fiscal Year ending September 30, 2025, was approved.

FOURTH ORDER OF BUSINESS	Update	on	Rules	Related	to
DRCs/DERM
Mr. Quesada: Same as we previously discussed, at this point in time special counsel doesn’t have anything to present related to DERM but you will probably see an update on that in a future meeting.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Quesada: Mike, is there anything you want to cover under staff reports for Kingman Gate?
Mr. Pawelczyk: No, nothing from me.

Engineer
There being no comments, the next item followed

Field – Monthly Report
Mr. Quesada: Mayra, is there anything you wanted to share with the Board?
Ms. Padilla: The only thing that I did want to ask is we have two entrances that don’t have any landscaping. I wanted to ask what you guys though about it. Maybe we can add a little bit of landscaping on two of the areas.

Mr. Quesada: She’s talking about the little concrete planters that are attached to the monuments. There are one or two of them. I think it’s on page 20 of your report. It’s right off of the northside of the District. It was something that the HOA manager brought up.
Ms. Baluja: Do they want planters on the top?
Mr. Quesada: Anything. Just on the edge of the right cap. If you compare it to the other entrance monuments that have a cap at the end of the monument. The other ones have it. Obviously, these are the newer construction phases.
Ms. Baluja: Oh, I see. Can you get a proposal to make it match? Mr. Quesada: Yes, we can do that.

Manager – Final Approval of the FY2024 – FY2025 Report Performance Measures and Standards
Mr. Quesada: Under the manager report I have the Fiscal Year 2024/2025 report performance measures and standards to keep up-to-date on the website.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Final Approval of the FY2024 – FY 2025 Report Performance Measures and Standards, was approved.

SIXTH ORDER OF BUSINESS	Financial Reports
Acceptance of Check Register
Acceptance of Unaudited Financials
Mr. Quesada: Are there any questions on the check register or the unaudited financials? If not I would ask for a motion to accept your financial statements.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, Accepting the Check Register and the Unaudited Financials, were approved.

SEVENTH ORDER OF BUSINESS	Supervisors Requests and Audience
Comments
Mr. Quesada: Are there any requests or audience comments? There are no members of the audience with us, just for the record.

EIGHTH ORDER OF BUSINESS	Adjournment
Mr. Quesada: At this time, I would just ask for a motion to adjourn.

On MOTION by Ms. Baluja, seconded by Ms. Perez, with all in favor, the meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

RESOLUTION 2026-01
A RESOLUTION OF THE KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT’S PROPOSED BUDGET FOR FISCAL YEAR 2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year
2027; and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.008(b), Florida Statutes: and
WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT:
The proposed budget for Fiscal Year 2027 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date: 	 Hour: 	 Place: 	

Notice of public hearing shall be published in accordance with Florida Law. Adopted this 	 day of 	, 2026

Chairman/Vice Chairman

Secretary/Assistant Secretary

Kingman Gate	
Community Development District	

Proposed Budget	
FY 2027	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2020

	Series 2020 Amortization Schedule

	Debt Service Fund Series 2021

	Series 2021 Amortization Schedule

	Debt Service Fund Series 2024

	Series 2024 Amortization Schedule

	Assessment Schedule

Kingman Gate	
Community Development District	
Proposed Budget	
General Fund	

REVENUES:						
Special Assessments - On Roll	$192,936	$179,796	$13,140	$192,936	$192,936	
Interest Income	9,500	6,364	8,910	15,274	9,500	
Carry Forward Surplus	3,220	-	3,220	3,220	30,489	
TOTAL REVENUES	$205,656	$186,160	$25,269	$211,430	$232,925	

EXPENDITURES:

Administrative						
Engineering	$10,000	$393	$5,833	$6,226	$10,000	
Attorney	16,000	2,660	13,340	16,000	16,000	
Annual Audit	5,800	5,200	-	5,200	5,800	
Arbitrage Rebate	1,100	550	550	1,100	1,100	
Dissemination Agent	5,500	2,292	3,208	5,500	5,500	
Dissemination Software	-	750	-	750	750	
Assessment Roll	4,000	4,000	-	4,000	4,000	
Trustee Fees	13,005	10,307	2,698	13,005	13,005	
Management Fees	43,817	18,257	25,560	43,817	46,446	
Website Maintenance	1,348	562	786	1,348	1,429	
Telephone	50	-	29	29	50	
Postage & Delivery	750	23	438	460	750	
Insurance General Liability	7,269	6,378	-	6,378	7,269	
Printing & Binding	100	8	58	66	100	
Legal Advertising	3,000	-	3,000	3,000	3,000	
Other Current Charges	750	229	438	667	750	
Office Supplies	150	0	88	88	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$112,814	$51,783	$56,026	$107,809	$116,274	

Operations & Maintenance
Field Expenditures

Field Services	$13,482	$5,618	$7,865	$13,482	$14,291	
Landscape Maintenance	52,000	8,437	11,812	20,249	30,000	
Plant Replacement	8,000	-	4,667	4,667	8,000	
Lake Maintenance	8,300	1,250	1,750	3,000	8,300	
Lake Debris Removal	2,000	-	1,167	1,167	2,000	
Contingency	9,060	650	5,285	5,935	9,060	
Pressure Washing	-	-	5,000	5,000	5,000	
Tree Trimming	-	-	5,000	5,000	5,000	
Stormwater Maintenance	-	-	14,632	14,632	35,000	

TOTAL FIELD EXPENDITURES	$92,842	$15,955	$57,177	$73,132	$116,651	

TOTAL EXPENDITURES	$205,656	$67,738	$113,203	$180,941	$232,925	

EXCESS REVENUES (EXPENDITURES)	$-	$118,422	$(87,933)	$30,489	$0	

Kingman Gate	
Community Development District	
Proposed Budget	
General Fund	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

	
$	203,091	
	(10,155) 	
 $	192,936 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	168	$	41,558.16	$	247.37	$	247.37	$	-	
Townhomes	349	$	86,332.13	$	247.37	$	247.37	$	-	
Villas	304	$	75,200.48	$	247.37	$	247.37	$	-	

Total	821	$	203,090.77	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest Income	
Interest the District earns on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	
Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District's Series 2016 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Communication - Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	

Expenditures - Administrative (continued)	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures – Field	
Field Management
The supervision and reporting to the Board of Supervisors of the field maintenance services as provided by the different vendors.
Landscape Maintenance
Landscaping of the common area. Includes grass cutting, pest control, fertilization, mulching, pruning and porter service.
Plants Replacement
The District will go into contract for the replacement of plants needed along the common areas.
Lake Maintenance
The maintenance of CDD owned lakes.
Lake Debris Removal
Includes cleaning of lake shorelines of any debris.
Contingency
Includes any miscellaneous expense related to the maintenance of the common areas.
Pressure Washing
The District will go into contract for the pressure washing of the areas within the District.
Tree Trimming
The District will go into contract for the maintenance of trees which includes trimming of tress in the Common Areas only.
Stormwater Maintenance
Annual Storm Drain Cleaning for all Storm Drains throughout the District.	

Kingman Gate	
Community Development District	
Proposed Budget	
Debt Service Series 2020 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$468,738	$436,814	$31,924	$468,738	$468,738	
Interest Earnings	5,000	7,617	10,664	18,281	5,000	
Carry Forward Surplus (1)	221,392	220,359	-	220,359	248,549	

TOTAL REVENUES	$695,130	$664,790	$42,588	$707,378	$722,287	

EXPENDITURES:

Interest 12/15	$143,456	$143,456	$-	$143,456	$140,644	
Interest 06/15	143,456	-	143,456	143,456	140,644	
Principal 06/15	180,000	-	180,000	180,000	190,000	

TOTAL EXPENDITURES	$466,913	$143,456	$323,456	$466,913	$471,288	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$(3,368)	(4,715)	(8,084)	$-	

TOTAL OTHER SOURCES/(USES)	$-	$(3,368)	$(4,715)	$(8,084)	$-	

TOTAL EXPENDITURES	$466,913	$140,088	$318,741	$458,829	$471,288	

EXCESS REVENUES (EXPENDITURES)	$228,217	$524,702	$(276,153)	$248,549	$251,000	

Interest Due 12/15/27	$137,675.00	
		$137,675.00 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	493,408	
	(24,670) 	
 $	468,738 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	117	$	158,022.54	$	1,350.62	$	1,350.62	$	-	
Townhomes	142	$	180,280.36	$	1,269.58	$	1,269.58	$	-	
Villas	132	$	155,105.28	$	1,175.04	$	1,175.04	$	-	

Total	391	$ 493,408.18	

Kingman Gate	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2020 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/26	7,205,000	3.125%	-	140,644	464,100.00	
06/15/27	7,205,000	3.125%	190,000	140,644		
12/15/27	7,015,000	3.125%	-	137,675	468,318.75	
06/15/28	7,015,000	3.125%	195,000	137,675		
12/15/28	6,820,000	3.125%	-	134,628	467,303.13	
06/15/29	6,820,000	3.125%	200,000	134,628		
12/15/29	6,620,000	3.125%	-	131,503	466,131.25	
06/15/30	6,620,000	3.125%	205,000	131,503		
12/15/30	6,415,000	3.125%	-	128,300	464,803.13	
06/15/31	6,415,000	4.000%	215,000	128,300		
12/15/31	6,200,000	4.000%	-	124,000	467,300.00	
06/15/32	6,200,000	4.000%	225,000	124,000		
12/15/32	5,975,000	4.000%	-	119,500	468,500.00	
06/15/33	5,975,000	4.000%	230,000	119,500		
12/15/33	5,745,000	4.000%	-	114,900	464,400.00	
06/15/34	5,745,000	4.000%	240,000	114,900		
12/15/34	5,505,000	4.000%	-	110,100	465,000.00	
06/15/35	5,505,000	4.000%	250,000	110,100		
12/15/35	5,255,000	4.000%	-	105,100	465,200.00	
06/15/36	5,255,000	4.000%	260,000	105,100		
12/15/36	4,995,000	4.000%	-	99,900	465,000.00	
06/15/37	4,995,000	4.000%	270,000	99,900		
12/15/37	4,725,000	4.000%	-	94,500	464,400.00	
06/15/38	4,725,000	4.000%	285,000	94,500		
12/15/38	4,440,000	4.000%	-	88,800	468,300.00	
06/15/39	4,440,000	4.000%	295,000	88,800		
12/15/39	4,145,000	4.000%	-	82,900	466,700.00	
06/15/40	4,145,000	4.000%	305,000	82,900		
12/15/40	3,840,000	4.000%	-	76,800	464,700.00	
06/15/41	3,840,000	4.000%	320,000	76,800		
12/15/41	3,520,000	4.000%	-	70,400	467,200.00	
06/15/42	3,520,000	4.000%	330,000	70,400		
12/15/42	3,190,000	4.000%	-	63,800	464,200.00	
06/15/43	3,190,000	4.000%	345,000	63,800		
12/15/43	2,845,000	4.000%	-	56,900	465,700.00	
06/15/44	2,845,000	4.000%	360,000	56,900		
12/15/44	2,485,000	4.000%	-	49,700	466,600.00	
06/15/45	2,485,000	4.000%	375,000	49,700		
12/15/45	2,110,000	4.000%	-	42,200	466,900.00	
06/15/46	2,110,000	4.000%	390,000	42,200		
12/15/46	1,720,000	4.000%	-	34,400	466,600.00	
06/15/47	1,720,000	4.000%	405,000	34,400		
12/15/47	1,315,000	4.000%	-	26,300	465,700.00	
06/15/48	1,315,000	4.000%	420,000	26,300		
12/15/48	895,000	4.000%	-	17,900	464,200.00	
06/15/49	895,000	4.000%	440,000	17,900		
12/15/49	455,000	4.000%	-	9,100	467,000.00	
06/15/50	455,000	4.000%	455,000	9,100		
12/15/50	-	4.000%	-	-	464,100.00	
Total			$7,205,000	$4,119,900	$11,324,900	

Kingman Gate	
Community Development District	
Proposed Budget	
Debt Service Series 2021 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$438,603	$408,731	$29,871	$438,603	$438,603	
Interest Earnings	5,000	7,045	9,863	16,908	5,000	
Carry Forward Surplus (1)	201,042	200,048	-	200,048	226,965	

TOTAL REVENUES	$644,644	$615,824	$39,734	$655,559	$670,568	

EXPENDITURES:

Interest 12/15	$133,081	$133,081	$-	$133,081	$130,956	
Interest 06/15	133,081	-	133,081	133,081	130,956	
Principal 06/15	170,000	-	170,000	170,000	175,000	

TOTAL EXPENDITURES	$436,161	$133,081	$303,081	$436,161	$436,911	
Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$(3,153)	(4,415)	(7,568)	$-	

TOTAL OTHER SOURCES/(USES)	$-	$(3,153)	$(4,415)	$(7,568)	$-	

TOTAL EXPENDITURES	$436,161	$129,927	$298,666	$428,593	$436,911	

EXCESS REVENUES (EXPENDITURES)	$208,483	$485,897	$(258,932)	$226,965	$233,657	

Interest Due 12/15/27	$128,221.25	
		$128,221.25 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	461,687	
	(23,084) 	
 $	438,603 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Townhomes	207	$	260,983.53	$	1,260.79	$	1,260.79	$	-	
Villas	172	$	200,703.36	$	1,166.88	$	1,166.88	$	-	

Total	379	$ 461,686.89	

Kingman Gate	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/26	7,000,000	2.500%	-	130,956		
06/15/27	7,000,000	3.125%	175,000	130,956	434,176.88	
12/15/27	6,825,000	3.125%	-	128,221		
06/15/28	6,825,000	3.125%	185,000	128,221	438,551.88	
12/15/28	6,640,000	3.125%	-	125,331		
06/15/29	6,640,000	3.125%	190,000	125,331	437,692.50	
12/15/29	6,450,000	3.125%	-	122,362		
06/15/30	6,450,000	3.125%	195,000	122,362	436,676.88	
12/15/30	6,255,000	3.125%	-	119,315		
06/15/31	6,255,000	3.125%	200,000	119,315	435,505.00	
12/15/31	6,055,000	3.125%	-	116,190		
06/15/32	6,055,000	3.600%	210,000	116,190	438,600.00	
12/15/32	5,845,000	3.600%	-	112,410		
06/15/33	5,845,000	3.600%	215,000	112,410	435,950.00	
12/15/33	5,630,000	3.600%	-	108,540		
06/15/34	5,630,000	3.600%	225,000	108,540	438,030.00	
12/15/34	5,405,000	3.600%	-	104,490		
06/15/35	5,405,000	3.600%	230,000	104,490	434,840.00	
12/15/35	5,175,000	3.600%	-	100,350		
06/15/36	5,175,000	3.600%	240,000	100,350	436,380.00	
12/15/36	4,935,000	3.600%	-	96,030		
06/15/37	4,935,000	3.600%	250,000	96,030	437,560.00	
12/15/37	4,685,000	3.600%	-	91,530		
06/15/38	4,685,000	3.600%	260,000	91,530	438,380.00	
12/15/38	4,425,000	3.600%	-	86,850		
06/15/39	4,425,000	3.600%	265,000	86,850	433,930.00	
12/15/39	4,160,000	3.600%	-	82,080		
06/15/40	4,160,000	3.600%	275,000	82,080	434,210.00	
12/15/40	3,885,000	3.600%	-	77,130		
06/15/41	3,885,000	3.600%	285,000	77,130	434,130.00	
12/15/41	3,600,000	3.600%	-	72,000		
06/15/42	3,600,000	4.000%	300,000	72,000	438,000.00	
12/15/42	3,300,000	4.000%	-	66,000		
06/15/43	3,300,000	4.000%	310,000	66,000	435,800.00	
12/15/43	2,990,000	4.000%	-	59,800		
06/15/44	2,990,000	4.000%	325,000	59,800	438,100.00	
12/15/44	2,665,000	4.000%	-	53,300		
06/15/45	2,665,000	4.000%	335,000	53,300	434,900.00	
12/15/45	2,330,000	4.000%	-	46,600		
06/15/46	2,330,000	4.000%	350,000	46,600	436,200.00	
12/15/46	1,980,000	4.000%	-	39,600		
06/15/47	1,980,000	4.000%	365,000	39,600	436,900.00	
12/15/47	1,615,000	4.000%	-	32,300		
06/15/48	1,615,000	4.000%	380,000	32,300	437,000.00	
12/15/48	1,235,000	4.000%	-	24,700		
06/15/49	1,235,000	4.000%	395,000	24,700	436,500.00	
12/15/49	840,000	4.000%	-	16,800		
06/15/50	840,000	4.000%	410,000	16,800	435,400.00	
12/15/50	430,000	4.000%	-	8,600		
06/15/51	430,000	4.000%	430,000	8,600	438,600.00	
12/15/51	-	4.000%	-	-		
Total			$7,000,000	$4,042,969	$11,042,969	

Kingman Gate	
Community Development District	
Proposed Budget	
Debt Service Series 2024 Special Assessment Bonds	

Proposed Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$91,580	$85,343	$6,237	$91,580	$91,580	
Interest Earnings	2,000	877	1,228	2,104	2,000	
Carry Forward Surplus (1)	38,359	39,111	-	39,111	41,690	

TOTAL REVENUES	$131,939	$125,331	$7,465	$132,796	$135,270	

EXPENDITURES:

Interest 12/15	$34,711	$34,711	$-	$34,711	$34,243	
Interest 06/15	34,711	-	34,711	34,711	34,243	
Principal 06/15	22,000	-	22,000	22,000	23,000	

TOTAL EXPENDITURES	$91,422	$34,711	$56,711	$91,422	$91,487	
Other Sources/(Uses)

Transfer In/(Out)	-	(132)	(184)	(316)	-	

TOTAL OTHER SOURCES/(USES)	$-	$(132)	$(184)	$(316)	$-	

TOTAL EXPENDITURES	$91,422	$34,579	$56,526	$91,105	$91,487	

EXCESS REVENUES (EXPENDITURES)	$40,517	$90,752	$(49,062)	$41,690	$43,784	

Interest Due 12/15/27	$33,754.50	
		$33,754.50 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	96,400	
	(4,820) 	
 $	91,580 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	51	$	96,400.20	$	1,890.20	$	1,890.20	$	-	

Total	51	$  96,400.20	

Kingman Gate	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2024 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/26	1,346,000	4.250%	-	34,243	90,954.00	
06/15/27	1,346,000	4.250%	23,000	34,243		
12/15/27	1,323,000	4.250%	-	33,755	90,997.75	
06/15/28	1,323,000	4.250%	24,000	33,755		
12/15/28	1,299,000	4.250%	-	33,245	90,999.00	
06/15/29	1,299,000	4.250%	25,000	33,245		
12/15/29	1,274,000	4.250%	-	32,713	90,957.75	
06/15/30	1,274,000	4.250%	26,000	32,713		
12/15/30	1,248,000	4.250%	-	32,161	90,874.00	
06/15/31	1,248,000	4.250%	27,000	32,161		
12/15/31	1,221,000	5.000%	-	31,587	90,747.75	
06/15/32	1,221,000	5.000%	29,000	31,587		
12/15/32	1,192,000	5.000%	-	30,862	91,449.00	
06/15/33	1,192,000	5.000%	30,000	30,862		
12/15/33	1,162,000	5.000%		30,112	90,974.00	
06/15/34	1,162,000	5.000%	32,000	30,112		
12/15/34	1,130,000	5.000%	-	29,312	91,424.00	
06/15/35	1,130,000	5.000%	33,000	29,312		
12/15/35	1,097,000	5.000%	-	28,487	90,799.00	
06/15/36	1,097,000	5.000%	35,000	28,487		
12/15/36	1,062,000	5.000%	-	27,612	91,099.00	
06/15/37	1,062,000	5.000%	37,000	27,612		
12/15/37	1,025,000	5.000%	-	26,687	91,299.00	
06/15/38	1,025,000	5.000%	39,000	26,687		
12/15/38	986,000	5.000%	-	25,712	91,399.00	
06/15/39	986,000	5.000%	41,000	25,712		
12/15/39	945,000	5.000%	-	24,687	91,399.00	
06/15/40	945,000	5.000%	43,000	24,687		
12/15/40	902,000	5.000%	-	23,612	91,299.00	
06/15/41	902,000	5.000%	45,000	23,612		
12/15/41	857,000	5.000%	-	22,487	91,099.00	
06/15/42	857,000	5.000%	47,000	22,487		
12/15/42	810,000	5.000%	-	21,312	90,799.00	
06/15/43	810,000	5.000%	50,000	21,312		
12/15/43	760,000	5.000%	-	20,062	91,374.00	
06/15/44	760,000	5.000%	52,000	20,062		
12/15/44	708,000	5.300%	-	18,762	90,824.00	
06/15/45	708,000	5.300%	55,000	18,762		
12/15/45	653,000	5.300%	-	17,305	91,066.50	
06/15/46	653,000	5.300%	58,000	17,305		
12/15/46	595,000	5.300%	-	15,768	91,072.00	
06/15/47	595,000	5.300%	61,000	15,768		
12/15/47	534,000	5.300%	-	14,151	90,918.50	
06/15/48	534,000	5.300%	65,000	14,151		
12/15/48	469,000	5.300%	-	12,429	91,579.50	
06/15/49	469,000	5.300%	68,000	12,429		
12/15/49	401,000	5.300%	-	10,627	91,055.00	
06/15/50	401,000	5.300%	72,000	10,627		
12/15/50	329,000	5.300%	-	8,719	91,345.00	
06/15/51	329,000	5.300%	76,000	8,719		
12/15/51	253,000	5.300%	-	6,705	91,423.00	
06/15/52	253,000	5.300%	80,000	6,705		
12/15/52	173,000	5.300%	-	4,585	91,289.00	
06/15/53	173,000	5.300%	84,000	4,585		
12/15/53	89,000	5.300%	-	2,359	90,943.00	
06/15/54	89,000	5.300%	89,000	2,359		
12/15/54	-	5.300%	-	-	91,358.50	
Total			$1,346,000	$1,240,107	$2,586,107	

Kingman Gate	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units
2020	Bonds Units
2021	Bonds Units
2024	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2027	FY2026	Increase/ (decrease)	FY 2027	FY2026	Increase/ (decrease)	FY 2027	FY2026	Increase/ (decrease)	
								Series 2020	Series 2021	Series 2024	Series 2020	Series 2021	Series 2024					
Single Family	168	117	0	51	$247.37	$247.37	$0.00	$1,350.62	$0.00	$1,890.20	$1,350.62	$0.00	$1,890.20	$0.00	$3,488.19	$3,488.19	$0.00	
Townhomes	349	142	207	0	$247.37	$247.37	$0.00	$1,269.58	$1,260.79	$0.00	$1,269.58	$1,260.79	$0.00	$0.00	$2,777.74	$2,777.74	$0.00	
Villas	304	132	172	0	$247.37	$247.37	$0.00	$1,175.04	$1,166.88	$0.00	$1,175.04	$1,166.88	$0.00	$0.00	$2,589.29	$2,589.29	$0.00	
Total	821	391	379	51														

Page 11

January 5, 2026

To the Board of Supervisors
Kingman Gate Community Development District Miami-Dade County, Florida

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

We have audited the financial statements of Kingman Gate Community Development District (“District”) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated January 5, 2026. Professional standards require that we advise you of the following matters relating to our audit.
We have also examined the District’s compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025 which was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
Our Responsibility in Relation to the Financial Statement Audit
Our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

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

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.
However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

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

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence

The engagement team, others in our firm, as appropriate, and our firm, have complied with all relevant ethical requirements regarding independence.
With respect to financial statement preparation, the following safeguards are in place:
Management made all decisions and performed all management functions;
A competent individual was assigned to oversee the services;
Management evaluated the adequacy of the services performed;
Management evaluated and accepted responsibility for the result of the service performed; and
Management established and maintained internal controls, including monitoring ongoing activities.
Qualitative Aspects of the Entity’s Significant Accounting Practices
Significant Accounting Policies

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

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

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

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

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

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

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

Financial Statement Disclosures

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

Long-term liabilities related to bonds payable and debt service requirements.
Litigation, claims, and assessments related to pending legal matters; and
Pension and Other Post-Employment Benefit (OPEB) plan disclosures.
If no such disclosures were identified for the current year, this section should be read to indicate that we did not note any financial statement disclosures involving significant judgment or sensitivity.

Circumstances Affecting the Auditor’s Report

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

Significant Difficulties Encountered during the Audit

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

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

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

Representations Requested from Management

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

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

Other Significant Matters, Findings, or Issues

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

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

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

Grau & Associates

KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT
MIAMI-DADE COUNTY FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-22	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
23	
Notes to Required Supplementary Information	24	
OTHER INFORMATION
Data Elements required by FL Statute 218.39 (3) (c)	
25	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

26-27	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

28	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
29-30	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
Kingman Gate Community Development District Miami-Dade County, Florida

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

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

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 5, 2026, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

January 5, 2026

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Kingman Gate Community Development District, Miami-Dade County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($4,997,870).

The change in the District’s total net position in comparison with the prior fiscal year was ($1,672), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2025, the District’s governmental funds reported combined ending fund balances of $1,407,132, an increase of $214,419 in comparison with the prior fiscal year. A portion of the fund balance is non-spendable for prepaid items, restricted for debt service and capital projects, assigned to subsequent year’s expenditures, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

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

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

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

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

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

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

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

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

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

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

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

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

Key components of the District’s net position are reflected in the following table:
NET POSITION SEPTEMBER 30,
	2025	2024	

Assets, excluding capital assets

$	1,407,942	$

1,195,591

Capital assets, net of depreciation			9,893,391	10,012,341  Total assets		11,301,333	11,207,932 
Liabilities, excluding long-term liabilities			182,371		166,834 Long-term liabilities		16,116,832	16,037,296 
Total liabilities		16,299,203	16,204,130  Net position
Net investment in capital assets	(6,103,487)	(5,986,096)
Restricted	740,664	677,989
Unrestricted		364,953	311,909 
Total net position	 $  (4,997,870) $	(4,996,198)
The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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

The District’s net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations and depreciation expense exceeded ongoing program revenues.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
	2025	2024	
Revenues:

Program revenues Charges for services

$	1,199,775	$

1,094,897

Operating grants and contributions	46,195	58,241
Capital grants and contributions	8,106	1,282 General revenues
Unrestricted investment earnings			14,984		7,529  Total revenues		1,269,060	1,161,949 
Expenses:
General government	97,795	100,057
Maintenance and operations	306,844	296,324
Interest on long-term debt		625,396	564,804 Bond issuance costs		240,697		-	
Total expenses		1,270,732	961,185 
Change in net position	(1,672)	200,764
Net position - beginning		(4,996,198)	(5,196,962)
Net position - ending	 $  (4,997,870) $	(4,996,198)
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025 was $1,270,732. The costs of the District’s activities were primarily funded by program revenues which are comprised primarily of assessments and investment earnings. In total, expenses increased over the prior year primarily as the result of bond issuance costs incurred in the current year.

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

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2025, the District had $10,638,403 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $745,012 has been taken, which resulted in a net book value of $9,893,391. More detailed information about the District’s capital assets is presented in the notes of the financial statements.
Capital Debt
At September 30, 2025, the District had $15,923,000 in Bonds outstanding and $104,388 in Developer advances for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

It is anticipated that the general operations of the District will increase as the District is being built out. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Kingman Gate Community Development District’s Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida, 33351.

KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2025

	Governmental
	Activities		
ASSETS		
Cash	$	809	
Investments	352,515	
Prepaid items	12,439	
Restricted assets:		
Investments	1,042,179	
Capital assets:		
Nondepreciable	3,187,554	
Depreciable, net		6,705,837 	
Total assets		11,301,333 	
LIABILITIES		
Accounts payable	810	
Accrued interest payable	181,561	
Non-current liabilities:		
Due within one year	372,000	
Due in more than one year		15,744,832 	
Total liabilities		16,299,203 	
NET POSITION		
Net investment in capital assets	(6,103,487)	
Restricted for debt service	740,664	
Unrestricted		364,953 	
Total net position	 $	(4,997,870) 	

See notes to the financial statements

KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

for		Grants and		Grants and	Governmental Functions/Programs		Expenses	Services	Contributions	Contributions		Activities	 Primary government:
Governmental activities:

General government

$	97,795	$

97,795	$	-	$	-	$	-

Maintenance and operations	306,844	96,579	-	8,106	(202,159)	
Bond issuance costs	240,697	-	-	-	(240,697)	
Interest on long-term debt		625,396	1,005,401	46,195	-	426,200 
Total governmental activities		1,270,732	1,199,775	46,195	8,106	(16,656) 

General revenues:
Unrestricted investment earnings		14,984 	
Total general revenues		14,984 	
Change in net position	(1,672)	
Net position - beginning		(4,996,198) 	
Net position - ending	 $	(4,997,870) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds

ASSETS		
Cash	$	809	$	-	$	-	$	809	
Investments	352,515	922,225	119,954	1,394,694	
Prepaid items	12,439	-	-	12,439	
Total assets	 $	365,763	$	922,225	$	119,954	$ 1,407,942 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	810	$	-	$	-	$	810	
Total liabilities	810	-	-	810	

Fund balances:
Nonspendable:
Prepaid items	12,439	-	-	12,439	
Restricted for:					
Debt service	-	922,225	-	922,225	
Capital projects	-	-	119,954	119,954	
Assigned to:	
Subsequent year's expenditures	3,220	-	-	3,220	
Unassigned	349,294	-	-	349,294	
Total fund balances	364,953	922,225	119,954	1,407,132	

Total liabilities and fund balances	
$	365,763	
$	922,225	
$	119,954	
$ 1,407,942	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2025

Fund balance - governmental funds	$  1,407,132
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	10,638,403
Accumulated depreciation	  (745,012)    9,893,391
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund financial statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(181,561)
Developer advance	(104,388)
Bonds payable	 (16,012,444)	(16,298,393) 
Net position of governmental activities	$ (4,997,870)

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds		Total
	
General	Debt
Service	Capital
Projects	Governmental
Funds	
REVENUES
Assessments	
$	194,374	
$ 1,005,401	
$	-	
$	1,199,775	
Interest	14,984	46,195	8,106	69,285	
Total revenues	209,358	1,051,596	8,106	1,269,060	

EXPENDITURES
Current:
General government	97,795	-	-	97,795	
Maintenance and operations	58,519	-	-	58,519	
Debt service:
Principal	
-	
366,000	
939,899	
1,305,899	
Interest	-	611,356	-	611,356	
Bond issuance costs	-	-	240,697	240,697	
Capital outlay	-	-	129,375	129,375	
Total expenditures	156,314	977,356	1,309,971	2,443,641	

Excess (deficiency) of revenues over (under) expenditures	

53,044	

74,240	

(1,301,865)	

(1,174,581)	
OTHER FINANCING SOURCES (USES)
Bond proceeds	
-	
23,221	
1,365,779	
1,389,000	
Interfund transfers in	-	-	17,181	17,181	
Interfund transfers (out)	-	(17,181)	-	(17,181)	
Total other financing sources (uses)	-	6,040	1,382,960	1,389,000	

Net change in fund balances	
53,044	
80,280	
81,095	
214,419	
Fund balances - beginning	311,909	841,945	38,859	1,192,713	

Fund balances - ending	
$	364,953	
$	922,225	
$	119,954	
$	1,407,132	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

of activities are different because:		
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.	

129,375	
Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(248,325)	
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long-term liabilities in the statement of net position net of any original issuance discounts.	

(1,389,000)	
Repayments of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

1,305,899	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities, but not in the governmental fund financial statements.	

(17,605)	
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported in the statement of activities.	

	3,565 	
Change in net position of governmental activities	 $	(1,672) 	

Net change in fund balances - total governmental funds Amounts reported for governmental activities in the statement

$	214,419

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Kingman Gate Community Development District ("District") was created on October 29, 2019 by Ordinance 19-100 of the Miami-Dade County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

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

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

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

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

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

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

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

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

Assets, Liabilities and Net Position or Equity

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

Assets, Liabilities and Net Position or Equity (Continued)
Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Inter-local Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a “2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

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

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Roadway system	30	
Stormwater system	30	

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

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

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

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

The District can establish limitations on the use of fund balance as follows:
Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance – Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

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

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

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

NOTE 3 – BUDGETARY INFORMATION

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

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board, subject to the District’s appropriation resolution.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS
Deposits
The District’s cash and cash equivalent balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

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

 Amortized Cost	Credit Risk	Maturities	
Weighted average

First American Government Obligations Fund	$ Investment in Local Government Surplus Funds

1,042,179

S&P AAAm

maturity: 45 days Weighted average

Trust Fund (Florida PRIME)		352,515 	S&P AAAm
 $	1,394,694 

maturity: 47 days

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

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

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
However, the Bond Indentures limit the type of investments held using unspent proceeds.

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

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

Investments (Continued)
External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2025, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – INTERFUND TRANSFERS
Interfund transfers for the fiscal year ended September 30, 2025 were as follows:

 Fund	Transfers in	Transfers out 
Debt service	$	-	$	17,181	
Capital projects		17,181	-		
Total	 $	17,181	$	17,181 	
Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the debt service fund to the capital projects fund were made in accordance with the Bond Indentures.

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

Governmental activities
Capital assets, not being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Land and land improvements	$	2,013,315	$	103,116	$	-	$	2,116,431	
Infrastructure under construction	1,044,864	26,259	-	1,071,123	
Total capital assets, not being depreciated	3,058,179	129,375	-	3,187,554	

Capital assets, being depreciated Roadway system	

4,035,050	

-	

-	

4,035,050	
Stormwater system	3,415,799	-	-	3,415,799	
Total capital assets, being depreciated	7,450,849	-	-	7,450,849	

Less accumulated depreciation for: Roadway system	

269,004	

134,502	

-	

403,506	
Stormwater system	227,683	113,823	-	341,506	
Total accumulated depreciation	496,687	248,325	-	745,012	

Total capital assets, being depreciated, net	
6,954,162	
(248,325)	
-	6,705,837	

Governmental activities capital assets, net	
$  10,012,341	
$	(118,950)	
$	-	$	9,893,391	

The infrastructure intended to serve the District has been estimated to cost approximately $22.7 million. The infrastructure will include roadway improvements, stormwater management and drainage facilities, entry features, and other improvements. A portion of the project costs was expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. The District will retain ownership of the surface water management system, certain roadway improvements, and entry features. All other improvements will be conveyed to other entities for ownership and maintenance responsibilities. During the prior fiscal year, the Developer advanced $1,044,287 to the District to fund improvements related to the Expansion Area project. In the current fiscal year, the District reimbursed the Developer $939,899 for these project improvements.

NOTE 7 – LONG-TERM LIABILITIES
Series 2020
In June 2020, the District issued $8,225,000 of Special Assessment Bonds, Series 2020, consisting of multiple term Bonds with maturity dates from June 15, 2025 to June 15, 2050 and fixed interest rates ranging from 2.75% to 4%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each June 15 and December 15. Principal on the Bonds is to be paid serially commencing June 15, 2021 through June 15, 2050.

The Series 2020 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2025.

Series 2021
In March 2021, the District issued $7,820,000 of Special Assessment Bonds, Series 2021, consisting of multiple term Bonds with maturity dates from June 15, 2026 to June 15, 2051 and fixed interest rates ranging from 2.5% to 4.0%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each June 15 and December 15. Principal on the Bonds is to be paid serially commencing June 15, 2022 through June 15, 2051.
The Series 2021 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2025.
Series 2024
In October 2024, the District issued $1,389,000 of Special Assessment Bonds, Series 2024, consisting of multiple term Bonds with maturity dates from June 15, 2031 to June 15, 2054 and fixed interest rates ranging from 4.25% to 5.3%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each June 15 and December 15. Principal on the Bonds is to be paid serially commencing June 15, 2025 through June 15, 2054.

The Series 2024 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2025.
Developer Advance
In the prior fiscal year, the Developer advanced the District a total of $1,044,287 to fund the construction and acquisition of infrastructure improvements associated with the Expansion Area project. The amount is recorded as a long-term liability as of September 30, 2025. In the current year, the District issued Series 2024 Bonds and used a portion of the proceeds to reimburse the Developer $939,899.

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

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2020	$	7,560,000	$	-	$	175,000	$	7,385,000	$	180,000	
Plus: original issuance premium	39,847	-	1,553	38,294	-	
Series 2021	7,340,000	-	170,000	7,170,000	170,000	
Plus: original issuance premium	53,162	-	2,012	51,150	-	
Series 2024	-	1,389,000	21,000	1,368,000	22,000	
Developer advance	1,044,287	-	939,899	104,388	-	
Total	 $  16,037,296	$	1,389,000	$	1,309,464	$  16,116,832	$	372,000 	

Long-term Debt Activity (Continued)
At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2026	$	372,000	$	622,496	$	994,496	
2027	388,000	611,685	999,685	
2028	404,000	599,303	1,003,303	
2029	415,000	586,407	1,001,407	
2030	426,000	573,156	999,156	
2031-2035	2,391,000	2,623,558	5,014,558	
2036-2040	2,900,000	2,122,450	5,022,450	
2041-2045	3,534,000	1,504,130	5,038,130	
2046-2050	4,334,000	720,360	5,054,360	
2051-2054		759,000	61,936	820,936 	
Total	 $  15,923,000	$ 10,025,481	$  25,948,481 	

NOTE 8 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.
NOTE 9 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer the loss of which could have a material adverse effect on the District’s operations.
NOTE 10 – MANAGEMENT AGREEMENTS

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

NOTE 11 – RISK MANAGEMENT

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

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	

 Budgeted Amounts Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	192,936	
$	194,374	
$	1,438	
Interest	-	14,984	14,984	
Total revenues	192,936	209,358	16,422	

EXPENDITURES
Current:
General government	104,005	97,795	6,210	
Maintenance and operations	91,960	58,519	33,441	
Total expenditures	195,965	156,314	39,651	

Excess (deficiency) of revenues over (under) expenditures	

(3,029)	

53,044	

56,073	

OTHER FINANCING SOURCES (USES)
Carryforward	

3,029	

-	

(3,029)	
Total other financing sources (uses)	3,029	-	(3,029)	

Net change in fund balance	
 $	-		
53,044	
 $	53,044 	
Fund balance - beginning			311,909 		
Fund balance - ending		 $	364,953 		

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025
UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s
fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being
reported.	
7	
Employee compensation	$0	
Independent contractor compensation	$164,309	
Construction projects to begin on or after October 1; (>$65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $247.37
Debt service - $1,166.88 - $1,890.20	
Special assessments collected	$1,199,775	
Outstanding Bonds:		
Series 2020, due June 15, 2050	$7,385,000	
Series 2021, due June 15, 2051	$7,170,000	
Series 2024, due June 15, 2054	$1,368,000	

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

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Kingman Gate Community Development District Miami-Dade County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Kingman Gate Community Development District, Miami-Dade County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated January 5, 2026.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

January 5, 2026

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Kingman Gate Community Development District Miami-Dade County, Florida
We have examined Kingman Gate Community Development District, Miami-Dade County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Kingman Gate Community Development District, Miami-Dade County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

January 5, 2026

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Kingman Gate Community Development District Miami-Dade County, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Kingman Gate Community Development District ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated January 5, 2026.

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

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated January 5, 2026, should be considered in conjunction with this management letter.

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

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

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

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

January 5, 2026

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2025.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2025.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 25.

SAMPLE
Kingman Gate
Community Development District Landowners Meeting Agenda

Tuesday	Lennar Homes
November 13, 2026	5055 Waterford District Drive 11:00 a.m.		Miami, Florida

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners Meeting

Determination of Number of Voting Units Represented

Nominations for the Position of Supervisors

Casting of Ballots

Tabulation of Ballots and Announcement of Results

Adjournment

SAMPLE
OFFICIAL BALLOT KINGMAN GATE
COMMUNITY DEVELOPMENT DISTRICT MIAMI, FLORIDA
LANDOWNERS MEETING ON NOVEMBER 13, 2026

For Interval Elections (1 Supervisor): The candidate receiving the most votes will each receive a four (4) year term.

The undersigned certifies that they are the fee simple owner or proxy holder of the landowner (proxy form attached) of the land described in the attachment hereto, which land lies within the boundaries of the Kingman Gate Community Development District;

***LEGAL DESCRIPTION OF PROPERTY ATTACHED***
and cast their vote(s) for the following:

NAME OF CANDIDATE	NUMBER OF VOTES
1. 	 (Seat 3)		

Dated: 		Signed: 	 Name: 	 

SAMPLE
LANDOWNER PROXY LANDOWNERS MEETING – NOVEMBER 13, 2026
KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder
for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Kingman Gate Community Development District to be held Lennar Homes, 5505 Waterford District Drive, Miami, Florida on November 13, 2026 at 11:00 a.m., and at any continuances or adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.
Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Print or type name of Landowner	Date (or, if applicable, authorized representative of Landowner)

Signature of Landowner, or Landowner Representative

Parcel Description	Acreage	Authorized Votes*

(must be street address, tax parcel ID number, or legal description attached)

Total Number of Authorized Votes:
* Pursuant to section 190.006(2)(b), Florida Statutes (2007), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.
Please note that a particular real property is entitled to only one vote for each eligible acre of lands or fraction thereof; two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property. If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.). If more than one parcel, each must be listed or described.

NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS OF THE
KINGMAN GATE COMMUNITY DEVELOPMENT DISTRICT
Notice is hereby given that the qualifying period for candidates for the office of Supervisor of the Kingman Gate Community Development District will commence at noon on June 8, 2026, and close at noon on June 12, 2026. Candidates must qualify for the office of Supervisor with the Miami - Dade Supervisor of Elections located at 2700 NW 87 Avenue, Doral, Florida 33172 and phone number is 305-499-8683 / 305-499-8410. All candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be qualified electors of the District. A qualified elector is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District, and who is registered to vote with the Miami-Dade County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.
The Kingman Gate Community Development District has two seats up for election, specifically Seat #1 and Seat #4. Each seat carries a four-year term of office. Elections are nonpartisan and will be held at the same time as the general election on November 3, 2026, in the manner prescribed by law for general elections.

For additional information, please contact the Miami-Dade Cow1ty Supervisor of Elections.

From: Pozo, Sandy (Elections) <Sandy.Pozo@votemiamidade.gov>
Sent: Tuesday, January 27, 2026 8:55 AM
To: Jennifer McConnell <jmcconnell@gmssf.com>
Cc: Innocent, Vanessa (Elections) <Vanessa.Innocent@votemiamidade.gov>; Rabagh-Garcia, Nelfa (Elections) <Nelfa.Rabagh-Garcia@votemiamidade.gov>; Washington, Yolanda V. (Elections) <Yolanda.Washington@votemiamidade.gov>
Subject: RE: Verification of Attached Information for Candidate Qualifying

Good morning, Jennifer,

Thank you for reaching out. We have reviewed the document you sent and provided below the direct links to the forms to ensure the most current versions are used:

MD-DE 27 - Acknowledgement for Candidates with the Option to Open a Campaign Account (Miami-Dade County required form)
MD-ED 2  - Receipt of Handbook and the Election Laws of the State of Florida (Miami-Dade County required form)
DS-DE 302NP - Candidate Oath – Nonpartisan Office
CE Form 1 (2025) (To be filed electronically – Candidates will be required to submit a hard copy to the filing officer at the time of qualifying)
Qualifying fee of $25.00 to be made payable to “Miami-Dade County Supervisor of
Elections.”

If the candidate is opening a Campaign Account, the following forms will also be required:

DS-DE 9 - Appointment of Campaign Treasurer and Designation of Campaign Depository for Candidates (only required if opening campaign account to accept donations and make contributions)
DS-DE 84 - Statement of Candidate (only required if opening campaign account to accept donations and make contributions)

MD-ED 10 - Campaign Treasurer’s Report Electronic Filing Requirements for Miami-Dade County (Miami-Dade County required form - Only required if opening campaign account to accept donations and make contributions)

We recommend providing candidates in Miami-Dade County with the direct link to our qualifying package for the 2026 Community Development District Board Member on our website.

Please feel free to share this information with your board members who are up for election or other potential candidates. If any questions arise or further clarification is needed, don’t hesitate to contact me directly or our Candidate Services Section at 305-499-8410.

Thank you for checking in and for ensuring the proper procedures are followed.

Best regards,

Sandy Pozo, Campaign Services Section Manager Office of the Supervisor of Elections Government Affairs Division
Office 305-499-8350

LAW OFFICES
BILLING© COCHRAN
ESTABLISHED 1977

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BILLING COCHRAN, P.A.
LAS CLAS SQUARE, SUITE 600 5 I 5 EAST LAS CLAS BOULEVARD
FORT LAUDERDALE, FLORIDA 33301 (954) 764-7150
(954) 764·7279 FAX

PGANATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 270 PALM BEACH GARDENS, FLORIDA 33418
(561) 659-5970
(561) 659-6173 FAX

CHRISTINE A. BROWN GABRIELLA A. FERNANDEZ PEREZ
MARLENE E. GONZALEZ
LORI B. LEWELLEN LIZA E. SMOKER LUCAS A. WILLIAMS
OF COUNSEL: CLARK J. COCHRAN, JR. SUSAN F. DELEGAL
DENNIS E. LYLES
BRUCE M. RAMSEY RICHARD T. WOULFE

WWW.BILLINGCOCHRAN .COM PLEASE REPLY TO: FORT LAUDERDALE

February 3, 2026

VIA E-MAIL ONLY- B0uesada@gmssf.com Mr. Ben Quesada
District Manager
Governmental Management Services 5385 N. Nob Hill Road
Sunrise, FL 33351

Re:		Adjustment to District Counsel Fee Structure Kingman Gate Community Development District Our File: 1051.19307
Dear Ben:
This firm's current fee structure has been in place since 2019. Although we are certainly mindful of the necessity to keep increases in the District's expenses, including the cost of legal services, to a minimum, it has become necessary for us to adjust our hourly rates effective, October 1, 2026, as follows:

Attorneys/Partners:
Attorneys/Associates:

$325.00 per hour
$250.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District's budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U.S. Department of Labor.

Mr. Ben Quesada February 3, 2026
Page 2

fees.

Naturally, should you feel you have any questions or require any further information in support of this adjustment you should feel free to contact me at your convenience. As I think you are aware, we very much appreciate the opportunity to serve as District Counsel as well as your courtesy and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of professional

MJP/jmp
cc: Jennifer McConnell, GMS (via email only)

January 2, 2026 Board of Supervisors
Kingman Gate Community Development District Attn: District Manager Ben Quesada Governmental Management Services
5385 N Nob Hill Road Sunrise, FL 33351

Reference:	Kingman Gate Community Development District Alvarez Engineers Personnel Billing Rates
Via:	Email Only: BQuesada@gmssf.com

Dear Board of Supervisors,

In accordance with the terms of the Engineering Agreement, dated February 21, 2020, between Alvarez Engineers, Inc. and the CDD, I would like to respectfully request the Board of Supervisors to consider updating our hourly personnel billing rates and staff classifications to our proposed 2026 rates as shown in the attached table.

With this proposed adjustment, we do not expect to exceed the Engineering budget adopted by the Board of Supervisors for fiscal year 2026.

Please let me know if you have any questions or if you would like to discuss this further. Sincerely,

Juan R. Alvarez, President Alvarez Engineers, Inc.

M:\Accounting\5. Income\Invoices\Invoicing Forms & Procedures\AE - Billing Rates\Billing Rates (2026)\Rate Adjustment Requests\GMS\Ben Quesada\180601 - KG (2026.01.02) Rate Adjustment Letter.Doc

Kingman Gate CDD	
Current 2020 Rates	Proposed 2026 Rates	
Principal	$ 210.00	Principal	$ 240.00	
Chief Engineer	$ 210.00	Chief Engineer	$ 230.00	
		Project Manager	$ 215.00	
Senior Engineer	$ 180.00	Senior Engineer	$ 185.00	
Senior Project Engineer	$ 155.00	Engineer 2	$ 165.00	
Project Manager	$ 155.00			
Project Engineer	$ 135.00	Engineer 1	$ 155.00	
		Electrical Engineer	$ 155.00	
Engineer	$ 130.00	Engineer Intern	$ 140.00	
		Senior Designer	$ 120.00	
Computer Aided Design and Drafter
(CADD)	$ 98.00	CADD/Computer Technician	$ 105.00	
		Senior Engineering Technician	$ 110.00	
Engineering Technician	$ 88.00	Engineering Technician	$ 100.00	
Senior Administrative	$ 86.00	Senior Administrative	$ 95.00	
Administrative	$ 52.00	Administrative	$ 70.00	

Staff Classification	Definition
Principal
Chief Engineer	Professional Engineer with 15+ years of experience Project Manager	Professional Engineer with 10+ years of experience
Senior Engineer	Professional Engineer with 10+ years of experience (production) Engineer 2	Professional Engineer with 5+ years of experience
Engineer 1	Professional Engineer with 0+ years of experience
Electrical Engineer	Electrical Engineer with 2+ years of post-graduate experience Engineer Intern	Entry level with engineering degree; Engineering Intern License Senior Designer	15+ years of design experience, non-registered CADD/Computer Technician	Design and Drafting with 1+ years of experience
Senior Engineering Technician  5+ years of experience
Engineering Technician	Entry level with 0-4 years of experience
Senior Administrative	Degreed executive assistant with 8+ years of experience Administrative	Secretary / Clerical

2

Kingman Gate

FIELD REPORT

March 13, 2026

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

Landscaping
Landscaping continues to be serviced by Dixie Landscaping, as indicated in the contract. The landscaping is being maintained in satisfactory condition.

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

Lakes

Lake management Services provided by Eco-Blue Aquatics on February 20, 2026. Please see the lake inspection reports attached as Exhibit A.

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

Entrances

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

Pressure Cleaning

Pressure Cleaning of all entrances completed.

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

EXHIBIT A

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road Sunrise, FL 33351

Kingman Gate	
COMMUNITY DEVELOPMENT DISTRICT	

Fiscal Year 2026	
Check Register	

10/01/25 - 02/28/26

Date

check #'s

Amount

10/01/25 - 10/31/25	385 - 387	$	11,286.72	

11/01/25 - 11/30/25	388-394	$	13,517.20	

12/01/25 - 12/31/25	395-405	$	985,750.74	

01/01/26 - 01/31/26	406-412	$	48,012.65	

02/01/26 - 02/28/26	413-415	$	8,978.61	

TOTAL	$	1,067,545.92	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	1
*** CHECK DATES 10/01/2025 - 02/28/2026 ***	KINGMAN GATE GENERAL FUND
BANK A KINGMAN GATE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/07/25 00010 10/01/25 SC18970	202510 320-53800-46200	*	1,687.44 OCT 25 - LANDSCAPE MAINT
DIXIE LANDSCAPE, LLC	1,687.44 000385
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/07/25 00012 10/01/25 5686	202510 320-53800-46800	*	250.00
OCT 25 - LAKE MAINTENANCE
ECO BLUE AQUATIC SERVICES, INC.	250.00 000386

*	4,000.00		
*	3,651.42			
*	458.33			
*	112.33			
*	3.70			
*	1,123.50			
		9,349.28	000387	

10/07/25 00001	9/15/25	
	10/01/25	
	10/01/25	
	10/01/25	
	10/01/25	
	10/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
118	202510 310-51300-31400
FY26 ASSESSMENT ROLL CERT

OCT	25	- MGMT FEES	
119		202510 310-51300-31300	
OCT	25	- DISSEMINATION	
119		202510 310-51300-49500	
OCT	25	- WEBSITE ADMIN	
119		202510 310-51300-42000	
OCT	25	- POSTAGE	
120		202510 320-53800-34000	
OCT	25	- FIELD SERVICES	

119	202510 310-51300-34000

GMS-SF, LLC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/17/25 00003	9/30/25 195525	202509 310-51300-31500	*	500.00
SEP 25 - GENERAL COUNSEL
10/31/25 195947	202510 310-51300-31500	*	500.00
OCT 25 - GENERAL COUNSEL
BILLING COCHRAN, P.A.	1,000.00 000388
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/17/25 00024 10/29/25 1536	202510 310-51300-31301	*	750.00
2026 AUDIT/ANNUAL REPORT
DISCLOSURE TECHNOLOGY SERVICES, LLC	750.00 000389
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/17/25 00010 11/01/25 SC19124	202511 320-53800-46200	*	1,687.44 NOV 25 - LANDSCAPE MAINT
DIXIE LANDSCAPE,	LLC	1,687.44	000390	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
11/17/25 00008	10/01/25	93462	202510 310-51300-54000	*	175.00	
SPECIAL	DISTRICT FEE FY26	
FLORIDACOMMERCE	175.00	000391	
- - - - - - - -	- - - - - - -	- -	- - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
11/17/25 00001	11/01/25	123	202511 320-53800-34000	*	1,123.50	
NOV	25	- FIELD SERVICES	
11/01/25	124	202511 310-51300-34000	*	3,651.42	
NOV	25	- MGMT FEES	
11/01/25	124	202511 310-51300-31300	*	458.33	
NOV	25	- DISSEMINATION	
KMAN KINGMAN GATE	ACOOPER

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	2
*** CHECK DATES 10/01/2025 - 02/28/2026 ***	KINGMAN GATE GENERAL FUND
BANK A KINGMAN GATE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/01/25 124	202511 310-51300-49500	*	112.33
NOV 25 - WEBSITE ADMIN
11/01/25 124	202511 310-51300-42000	*	2.96
NOV 25 - POSTAGE
GMS-SF, LLC	5,348.54 000392
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/17/25 00021	9/30/25 IN54069	202509 310-51300-48000	*	309.97

- - - - - - - - 11/17/25 00013	MCCLATCHY COMPANY LLC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/24/25 7943173	202510 310-51300-32300	-	-	-	-	-	-	-	-	- -
*	-	-	-	-	-	- - - - -	309.97
- - - - -	000393
- - -	
	U.S. BANK																4,246.25	000394	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
12/10/25 00007	12/01/25 8871	202511 310-51300-31100									*						392.75			
	NOV 25 - ENGINEERING SVC																		

FY26 MEETING SCHEDULE

FY 2026 S24 TRUSTEE FEES

4,246.25

ALVAREZ ENGINEERS, INC.	392.75 000395
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/10/25 00003 11/30/25 196325	202511 310-51300-31500	*	1,160.00
NOV 25 - GENERAL COUNSEL
BILLING COCHRAN, P.A.	1,160.00 000396
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/10/25 00010 12/01/25 SC19275	202512 320-53800-46200	*	1,687.44 DEC 25 - LANDSCAPE MAINT
12/04/25 281720	202512 320-53800-49000	*	650.00
RP LATERAL PIPE/HEADS
DIXIE LANDSCAPE, LLC	2,337.44 000397
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/10/25 00012 12/01/25 5768	202512 320-53800-46800	*	250.00
DEC 25 - LAKE MAINTENANCE
ECO BLUE AQUATIC SERVICES, INC.	250.00 000398

12/10/25 00001	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	
	12/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
125	202512 320-53800-34000	*	1,123.50
DEC 25 - FIELD SERVICES
126	202512 310-51300-34000	*	3,651.42
DEC 25 - MGMT FEES
126	202512 310-51300-31300	*	458.33
DEC 25 - DISSEMINATION
126	202512 310-51300-49500	*	112.33
DEC 25 - WEBSITE ADMIN
126	202512 310-51300-42000	*	4.44
DEC 25 - POSTAGE
GMS-SF, LLC	5,350.02 000399
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/10/25 00009 12/10/25 12102025 202512 300-20700-10000	*	410,804.88
TRANSFER OF TAX RECEIPTS
KINGMAN GATE CDD	410,804.88 000400
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
KMAN KINGMAN GATE	ACOOPER

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	3
*** CHECK DATES 10/01/2025 - 02/28/2026 ***	KINGMAN GATE GENERAL FUND
BANK A KINGMAN GATE CDD

	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
00015	12/10/25	12102025 202512	300-20700-10000	*	384,394.17			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE

	TRANSFER OF TAX RECEIPTS
KINGMAN GATE CDD														384,394.17	000401	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	-	-	-	-	-	-	-	- -	-	-	-	-	- - - - - - - - - - -	- - -	
12/10/25 00022	12/10/25 12102025 202512 300-20700-10000									*					80,261.48		
	TRANSFER OF TAX RECEIPTS																
	KINGMAN GATE CDD														80,261.48	000402	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	-	-	-	-	-	-	-	- -	-	-	-	-	- - - - - - - - - - -	- - -	
12/10/25 00017	8/14/25 3850	202510 310-51300-31200									*					550.00		
	ARBITRAGE - SER 2020																
	LLS TAX SOLUTIONS,	INC.													550.00	000403	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	-	-	-	-	-	-	-	- -	-	-	-	-	- - - - - - - - - - -	- - -	
12/10/25 00020	12/10/25 12102025 202512 300-15100-10000									*					100,000.00		
	TXFER FUNDS TO SBA																

12/10/25

KINGMAN GATE CDD	100,000.00 000404

12/22/25	00012	11/01/25	
- - - - - - - -
1/14/26 00003	- - - -
12/31/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5727	202511 320-53800-46800	*	250.00
NOV 25 - LAKE MAINTENANCE
ECO BLUE AQUATIC SERVICES, INC.	250.00 000405
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
196759	202512 310-51300-31500	*	500.00
DEC 25 - GENERAL COUNSEL
BILLING COCHRAN, P.A.	500.00 000406
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00012	1/01/26 5808	202601 320-53800-46800	*	250.00
JAN 26 - LAKE MAINTENANCE
ECO BLUE AQUATIC SERVICES, INC.	250.00 000407
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00001	1/01/26 127	202601 320-53800-34000	*	1,123.50
JAN 26 - FIELD SERVICES
1/01/26 128	202601 310-51300-34000	*	3,651.42
JAN 26 - MGMT FEES
1/01/26 128	202601 310-51300-31300	*	458.33
JAN 26 - DISSEMINATION
1/01/26 128	202601 310-51300-49500	*	112.33
JAN 26 - WEBSITE ADMIN
1/01/26 128	202601 310-51300-42000	*	3.70
JAN 26 - POSTAGE
1/01/26 128	202601 310-51300-42500	*	7.80
JAN 26 - COPIES
GMS-SF, LLC	5,357.08 000408
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00011	1/05/26 28447	202601 310-51300-32200	*	5,200.00
AUDIT FYE 9/30/2025
GRAU AND ASSOCIATES	5,200.00 000409
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
KMAN KINGMAN GATE	ACOOPER

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/04/26	PAGE	4
*** CHECK DATES 10/01/2025 - 02/28/2026 ***	KINGMAN GATE GENERAL FUND
BANK A KINGMAN GATE CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/14/26 00009	1/14/26 01142026 202601 300-20700-10000	*	17,223.88
TRANSFER OF TAX RECEIPTS
KINGMAN GATE CDD	17,223.88 000410
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00015	1/14/26 01142026 202601 300-20700-10000	*	16,116.55
TRANSFER OF TAX RECEIPTS
KINGMAN GATE CDD	16,116.55 000411
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00022	1/14/26 01142026 202601 300-20700-10000	*	3,365.14
TRANSFER OF TAX RECEIPTS
KINGMAN GATE CDD	3,365.14 000412
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/09/26 00010	1/01/26 SC19496	202601 320-53800-46200	*	1,687.44 JAN 26 - LANDSCAPE MAINT
2/01/26 SC19572	202602 320-53800-46200	*	1,687.44 FEB 26 - LANDSCAPE MAINT
DIXIE LANDSCAPE, LLC	3,374.88 000413
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/09/26 00012	2/01/26 5848	202602 320-53800-46800	*	250.00
FEB 26 - LAKE MAINTENANCE
ECO BLUE AQUATIC SERVICES, INC.	250.00 000414

*	1,123.50		
*	3,651.42			
*	458.33			
*	112.33			
*	.15			
*	8.00			
		5,353.73	000415	

2/09/26 00001	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
129	202602 320-53800-34000
FEB 26 - FIELD SERVICES
130	202602 310-51300-34000
FEB 26 - MGMT FEES
130	202602 310-51300-31300
FEB 26 - DISSEMINATION
130	202602 310-51300-49500
FEB 26 - WEBSITE ADMIN
130	202602 310-51300-51000
FEB 26 - OFFICE SUPPLIES
130	202602 310-51300-42000
FEB 26 - POSTAGE
GMS-SF, LLC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	1,067,545.92
TOTAL FOR REGISTER	1,067,545.92

KMAN KINGMAN GATE	ACOOPER

Kingman Gate	
Community Development District	

Unaudited Financial Reporting	
February 28, 2026	

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund Series 2020

	Debt Service Fund Series 2021

	Debt Service Fund Series 2024

	Capital Projects Fund Series 2020

	Capital Projects Fund Series 2021

	Capital Projects Fund Series 2024

	Month to Month

10-11 	Long Term Debt Report

	Assessment Receipt Schedule

Kingman Gate	
Community Development District	
Combined Balance Sheet	
February 28, 2026	

General	Debt Service	Capital Project	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	
Due from General Fund	

$	63,719	
-	

$	-	
18,723	

$	-	
-	

$	63,719	
18,723	

Investments:	
State Board of Administration	

Series 2020:	
Reserve	
Revenue	
Prepayment	
Acq & Construction	
Series 2021:	
Reserve	
Revenue	
Acq & Construction	
Series 2024:	
Reserve	
Revenue	
Acq & Construction	

438,879	-	-	438,879

-	
-	
-	
-	

234,250	
509,053	
127	
-	

-	
-	
-	
36,235	

234,250	
509,053	
127	
36,235	

-	
-	
-	

219,300	
471,370	
-	

219,300	
471,370	
29,859	

- 29,859

-	
-	
-	

	
9,158	
88,772	
-	

	
-	
-	
62,286	

	
9,158	
88,772	
62,286	

Total Assets	$	502,598	$	1,550,753	$	128,379	$	2,181,730	
Liabilities:	
Due to Debt Service	$	18,723	$	-	$	-	$	18,723	

Total Liabilites	$	19,223	$	-	$	-	$	19,223

Fund Balance:	
Restricted for:	
Debt Service	
Capital Project	
Unassigned	

$	-	$	1,550,753	$	-	
-	-	128,379	
483,375	-	-	

$	1,550,753	
128,379	
483,375	

Total Fund Balances	$	483,375	$	1,550,753	$	128,379	$	2,162,508	
					
Total Liabilities & Fund Balance	$	502,598	$	1,550,753	$	128,379	$	2,181,730	

Kingman Gate	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Revenues:		
Special Assessments - Tax Roll	$	192,936	
Interest Income	9,500	

	
$	179,796	
3,958	

	
$	179,796	
6,364	

	
$	-	
2,406	

Total Revenues	$	202,436	$	183,755	$	186,160	$	2,406	
Expenditures:					
General & Administrative:					
Engineering	$	10,000	$	4,167	$	393	$	3,774	
Attorney	16,000	6,667	2,660	4,007	
Annual Audit	5,800	5,200	5,200	-	
Arbitrage Rebate	1,100	1,100	550	550	
Dissemination Agent	5,500	2,292	2,292	0	
Dissemination Software	-	-	750	(750)	
Assessment Roll	4,000	4,000	4,000	-	
Trustee Fees	13,005	10,307	10,307	-	
Management Fees	43,817	18,257	18,257	(0)	
Website Maintenance	1,348	562	562	0	
Telephone	50	21	-	21	
Postage & Delivery	750	313	23	290	
Insurance General Liability	7,269	6,378	6,378	-	
Printing & Binding	100	42	8	34	
Legal Advertising	3,000	1,250	-	1,250	
Other Current Charges	750	313	229	83	
Office Supplies	150	63	0	62	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	112,814	$	61,104	$	51,783	$	9,321	

Operations & Maintenance					
Field Expenditures					
Field Services	$	13,482	$	5,618	$	5,618	$	-	
Landscape Maintenance	52,000	21,667	8,437	13,229	
Plant Replacement	8,000	3,333	-	3,333	
Lake Maintenance	8,300	3,458	1,250	2,208	
Lake Debris Removal	2,000	833	-	833	
Contingency	9,060	3,775	650	3,125	
Subtotal Field Expenditures	$	92,842	$	38,684	$	15,955	$	22,729	

Total Operations & Maintenance	$	92,842	$	38,684	$	15,955	$	22,729	

Total Expenditures	$	205,656	$	99,788	$	67,738	$	32,050	

Excess (Deficiency) of Revenues over Expenditures	$	(3,220)	$	83,966	$	118,422	$	34,456	

Net Change in Fund Balance	$	(3,220)	$	83,966	$	118,422	$	34,456	
	
Fund Balance - Beginning	$	3,220		$	364,953		
	
Fund Balance - Ending	$	-		$	483,375		

Revenues:		
Special Assessments - Tax Roll	$	468,738	
Interest Income	5,000	

	
$	436,814	
5,000	

	
$	436,814	
7,617	

	
$	-	
2,617	

Total Revenues	$	473,738	$	441,814	$	444,431	$	2,617	

Expenditures:		
Interest Expense - 12/15	$	143,456	$	143,456	$	143,456	$	-	
Interest Expense - 6/15	143,456	-	-	-	
Principal Expense - 6/15	180,000	-	-	-	
Total Expenditures	$	466,913	$	143,456	$	143,456	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	6,825	$	298,358	$	300,975	$	2,617	

Other Financing Sources/(Uses):

Transfer In/(Out)	$	-	

$	-	$

(3,368)	$

(3,368)

Kingman Gate	
Community Development District	
Debt Service Fund Series 2020	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Total Other Financing Sources/(Uses)	$	-	$	-	$	(3,368)	$	(3,368)	
		
Net Change in Fund Balance	$	6,825	$	298,358	$	297,607	$	(751)	
		
Fund Balance - Beginning	$	221,392	$	454,609	
		
Fund Balance - Ending	$	228,217	$	752,216	

Revenues:		
Special Assessments - Tax Roll	$	438,603	
Interest Income	5,000	

	
$	408,731	
5,000	

	
$	408,731	
7,045	

	
$	-	
2,045	

Total Revenues	$	443,603	$	413,731	$	415,776	$	2,045	

Expenditures:		
Interest Expense - 12/15	$	133,081	$	133,081	$	133,081	$	-	
Interest Expense - 6/15	133,081	-	-	-	
Principal Expense - 6/15	170,000	-	-	-	
Total Expenditures	$	436,161	$	133,081	$	133,081	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	7,441	$	280,651	$	282,696	$	2,045	

Other Financing Sources/(Uses):

Transfer In/(Out)	$	-	

$	-	$

(3,153)	$

(3,153)

Kingman Gate	
Community Development District	
Debt Service Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Total Other Financing Sources/(Uses)	$	-	$	-	$	(3,153)	$	(3,153)	
		
Net Change in Fund Balance	$	7,441	$	280,651	$	279,543	$	(1,108)	
		
Fund Balance - Beginning	$	201,042	$	419,348	
		
Fund Balance - Ending	$	208,483	$	698,891	

Revenues:		
Special Assessments - Tax Roll	$	91,580	
Interest Income	2,000	

	
$	85,343	
833	

	
$	85,343	
877	

	
$	-	
44	

Total Revenues	$	93,580	$	86,176	$	86,220	$	44	

Expenditures:		
Interest Expense - 12/15	$	34,711	$	34,711	$	34,711	$	-	
Interest Expense - 6/15	34,711	-	-	-	
Principal Expense - 6/15	22,000	-	-	-	
Total Expenditures	$	91,422	$	34,711	$	34,711	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	2,159	$	51,466	$	51,509	$	44	

Other Financing Sources/(Uses):

Transfer In/(Out)	$	-	

$	-	$

(132)	$

(132)

Kingman Gate	
Community Development District	
Debt Service Fund Series 2024	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Total Other Financing Sources/(Uses)	$	-	$	-	$	(132)	$	(132)	
		
Net Change in Fund Balance	$	2,159	$	51,466	$	51,378	$	(88)	
		
Fund Balance - Beginning	$	38,359	$	48,269	
		
Fund Balance - Ending	$	40,517	$	99,647	

Revenues		
Interest Income	$	-	

$	-	$

487	$

487

Total Revenues	$	-	$	-	$	487	$	487	

Expenditures:		
Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	487	$	487	

Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$

3,368	$

3,368

Kingman Gate	
Community Development District	
Capital Projects Fund Series 2020	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Total Other Financing Sources (Uses)	$	-	$	-	$	3,368	$	3,368	

Net Change in Fund Balance	$	-	$	-	$	3,855	$	3,855	
				
Fund Balance - Beginning	$	-		$	32,380	
				
Fund Balance - Ending	$	-		$	36,235	

Revenues		
Interest Income	$	-	

$	-	$

398	$

398

Total Revenues	$	-	$	-	$	398	$	398	

Expenditures:		
Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	398	$	398	

Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$

3,153	$

3,153

Kingman Gate	
Community Development District	
Capital Projects Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Total Other Financing Sources (Uses)	$	-	$	-	$	3,153	$	3,153	

Net Change in Fund Balance	$	-	$	-	$	3,551	$	3,551	
				
Fund Balance - Beginning	$	-		$	26,307	
				
Fund Balance - Ending	$	-		$	29,859	

Revenues		
Interest Income	$	-	

$	-	$

887	$

887

Total Revenues	$	-	$	-	$	887	$	887	

Expenditures:		
Improvements	$	-	$	-	$	-	$	-	
Cost of Issuance	-	-	-	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	887	$	887	

Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$

132	$

132

Kingman Gate	
Community Development District	
Capital Projects Fund Series 2024	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	

Total Other Financing Sources (Uses)	$	-	$	-	$	132	$	132	

Net Change in Fund Balance	$	-	$	-	$	1,018	$	1,018	
				
Fund Balance - Beginning	$	-		$	61,267	
				
Fund Balance - Ending	$	-		$	62,286	

Kingman Gate	
Community Development District	
Month to Month	

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

Revenues:														
Special Assessments - Tax Roll	$	-	$  15,836	$ 156,446	$	4,258	$	3,256	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  179,796	
Interest Income	1,225	1,138	1,275	1,439	1,287	-	-	-	-	-	-	-	6,364	

Total Revenues	$	1,225	$  16,973	$ 157,721	$	5,697	$	4,544	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  186,160	

Expenditures:														
General & Administrative:														
Engineering	$	-	$	393	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	393	
Attorney	500	1,160	500	500		-	-	-	-	-	-	-	2,660	
Annual Audit	-	-	-	5,200	-	-	-	-	-	-	-	-	5,200	
Arbitrage Rebate	550	-	-	-	-	-	-	-	-	-	-	-	550	
Dissemination Agent	458	458	458	458	458	-	-	-	-	-	-	-	2,292	
Dissemination Software	750	-	-	-	-	-	-	-	-	-	-	-	750	
Assessment Roll	4,000	-	-	-	-	-	-	-	-	-	-	-	4,000	
Trustee Fees	10,307	-	-	-	-	-	-	-	-	-	-	-	10,307	
Management Fees	3,651	3,651	3,651	3,651	3,651	-	-	-	-	-	-	-	18,257	
Website Maintenance	112	112	112	112	112	-	-	-	-	-	-	-	562	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	4	3	4	4	8	-	-	-	-	-	-	-	23	
Insurance General Liability	6,378	-	-	-	-	-	-	-	-	-	-	-	6,378	
Printing & Binding	-	-	-	8	-	-	-	-	-	-	-	-	8	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	70	72	50	-	36	-	-	-	-	-	-	-	229	
Office Supplies	-	-	-	-	0	-	-	-	-	-	-	-	0	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  26,956	$	5,850	$	4,777	$	9,934	$	4,267	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	51,783	

Operations & Maintenance

Field Expenditures														
Field Services	$	1,124	$	1,124	$	1,124	$	1,124	$	1,124	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,618	
Landscape Maintenance	1,687	1,687	1,687	1,687	1,687	-	-	-	-	-	-	-	8,437	
Plant Replacement	-	-	-	-	-	-	-	-	-	-	-	-	-	
Lake Maintenance	250	250	250	250	250	-	-	-	-	-	-	-	1,250	
Lake Debris Removal	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	650	-	-	-	-	-	-	-	-	-	650	

Subtotal Field Expenditures	$	3,061	$	3,061	$	3,711	$	3,061	$	3,061	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	15,955	

Total Operations & Maintenance	$	3,061	$	3,061	$	3,711	$	3,061	$	3,061	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	15,955	

Total Expenditures	$  30,017	$	8,911	$	8,488	$  12,995	$	7,328	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	67,738	

Excess (Deficiency) of Revenues over Expend	$  (28,792)	$	8,062	$ 149,234	$	(7,298)	$	(2,784)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  118,422	

Net Change in Fund Balance	$ (28,792)	$	8,062	$ 149,234	$  (7,298)	$  (2,784)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  118,422	

Page 9

	

	

	

	

	

	

	

	

Series 2020, Special Assessment Bonds	
Initial Bond Issue:	$8,225,000

Term 1:	$840,000	
Interest Rate:	2.75%	
Maturity Date:	June 15, 2025

Term 2:	$970,000
Interest Rate:	3.13%
Maturity Date:	June 15, 2030

Term 3:	$2,575,000
Interest Rate:	4.00%
Maturity Date:	June 15, 2040

Term 4:	$3,840,000
Interest Rate:	4.00%
Maturity Date:	June 15, 2050

Reserve Fund Requirement	$234,250
Reserve Fund Balance	$234,250
Reserve Fund Definition	50% of MADS

Oustanding Bond as of 06/30/20:	$8,225,000
Less: Principal Payment - 6/15/21	($160,000)
Less: Principal Payment - 6/15/22	($165,000)
Less: Principal Payment - 6/15/23	($170,000)
Less: Principal Payment - 6/15/24	($170,000)
Less: Principal Payment - 6/15/25	($175,000)	
Current Bonds Outstanding	$7,385,000	

Series 2021, Special Assessment Bonds	
Initial Bond Issue:	$7,820,000

Term 1:	$820,000	
Interest Rate:	2.50%	
Maturity Date:	June 15, 2026

Term 2:	$945,000
Interest Rate:	3.13%
Maturity Date:	June 15, 2031

Term 3:	$2,455,000
Interest Rate:	3.60%
Maturity Date:	June 15, 2041

Term 4:	$3,600,000
Interest Rate:	4.00%
Maturity Date:	June 15, 2051

Reserve Fund Requirement	$219,300
Reserve Fund Balance	219,300
Reserve Fund Definition	50% of MADS

Oustanding Bond as of 03/31/21:	$7,820,000
Less: Principal Payment - 6/15/22	($155,000)
Less: Principal Payment - 6/15/23	($160,000)
Less: Principal Payment - 6/15/24	($165,000)
Less: Principal Payment - 6/15/25	($170,000)	
Current Bonds Outstanding	$7,170,000	

	

	

	

Series 2024, Special Assessment Bonds	
Initial Bond Issue:	$1,389,000

Term 1:	$168,000	
Interest Rate:	4.25%	
Maturity Date:	June 15, 2031

Term 2:	$513,000
Interest Rate:	5.00%
Maturity Date:	June 15, 2044

Term 3:	$708,000
Interest Rate:	5.30%
Maturity Date:	June 15, 2054

Reserve Fund Requirement	$9,158
Reserve Fund Balance	9,158
Reserve Fund Definition	10% of MADS

Oustanding Bond as of 10/31/24:	$1,389,000
Less: Principal Payment - 06/15/25	($21,000)	
Current Bonds Outstanding	$1,368,000	

Kingman Gate
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Miami-Dade County Fiscal Year 2026

Gross Assessments	$	203,090.77	$	493,408.18	$	461,686.89	$	96,400.20	$	1,254,586.04	
Net Assessments	$	192,936.23	$	468,737.77	$	438,602.55	$	91,580.19	$	1,191,856.74	

allocation in %	
16.19%	
39.33%	ON ROLL ASSESSMENTS
36.80%	
7.68%	
100.00%	

Date	
Gross Amount	Discount/
(Penalty)	
Commission	
Interest	
Net Receipts	
O&M Portion	2020	Debt
Service	2021	Debt
Service	2024
Debt Service	
Total	

11/17/25	
$34,296.95	
$1,371.91	
$329.25	
$0.00	
$	32,595.79	
$	5,276.56	
$	12,819.39	
$	11,995.23	
$	2,504.60	
32,595.79	
11/18/25	2,729.08	122.53	26.07	-	2,580.48	417.72	1,014.86	949.62	198.28	2,580.48	
11/28/25	65,918.13	2,636.78	632.81	-	62,648.54	10,141.46	24,638.65	23,054.62	4,813.80	62,648.54	
12/05/25	996,135.62	39,846.41	9,562.89	-	946,726.32	153,254.84	372,331.98	348,394.70	72,744.80	946,726.32	
12/19/25	20,666.35	755.89	199.11	-	19,711.35	3,190.85	7,752.15	7,253.76	1,514.59	19,711.35	
01/08/26	25,079.34	752.37	243.27	-	24,083.70	3,898.64	9,471.73	8,862.79	1,850.55	24,083.70	
01/08/26	1,140.26	34.20	11.06		1,095.00	177.26	430.65	402.96	84.14	1,095.00	
01/26/26	-	-	-	1,127.01	1,127.01	182.44	443.23	414.74	86.60	1,127.01	
02/06/26	20,734.52	414.64	203.20	-	20,116.68	3,256.46	7,911.56	7,402.93	1,545.73	20,116.68	
TOTAL	$ 1,166,700.25	$	45,934.73	$	11,207.66	$	1,127.01	$ 1,110,684.87	$	179,796.23	$	436,814.20	$	408,731.35	$	85,343.09	$ 1,110,684.87	

$

92.99%
-

Percent Collected Balance Remaining to Collect

Page 12