Wednesday Portofino Vista Clubhouse March 25, 2026 35345 Allegra Circle 12:30 PM St. Cloud, Florida Board of Supervisors Meeting 1. Roll Call 2. Public Comment Period 3. Organizational Matters A. Acceptance of Resignation of Supervisors Benjamin Vincent and Yamilee Martinez B. Consideration of Resumes/Letters of Interest C. Appointment of Individual to Fulfill Seat Vacancies D. Administration of Oath to Newly Appointed Supervisor(s) E. Consideration of Resolution 2026-01 Electing Officers 4. Approval of the Minutes of the June 25, 2025 Board of Supervisors Meeting 5. Consideration of Resolution 2026-02 Approving the Proposed Fiscal Year 2027 Budget and Setting a Public Hearing 6. Ratification of Audit Engagement Letter 7. Consideration of Revised Fiscal Year 2026 Meeting Schedule 8. Ratification of Data Sharing Agreement with Osceola County Property Appraiser 9. Staff Reports A. Attorney B. District Manager’s Report i. Approval of Check Register ii. Balance Sheet and Income Statement 10. Supervisor’s Request 11. Adjournment Kevin Ramirez Core Competencies • Portfolio/Community Association Manager with 7+ years managing HOA/condo + mixed-use portfolios; budgets, vendor management, compliance, and resident operations. • Strengths in collections/delinquency reduction, financial reporting, and lease coordination. • CAM licensed; bilingual English/Spanish; Jenark/GRID/Yardi. Experience Portfolio Property Manager / FirstService Residential, Pompano Beach, FL / November 2023 – November 2025 • Responsible for all financial & maintenance management of 2 HOA residential properties totaling 350 units combined with revenue of over $1,500,000.00. • Managed and maintained vendor records, vendor work orders, vendor billing inquiries, vendor insurance records, and community projects. • Managed all community finances, invoices, and credit card reconciliations of over $50,000.00 on a weekly basis. • Supervised maintenance staff and day-to-day operations including maintaining work order completions and regularly scheduled maintenance tasks throughout the community. • Responsible for answering all resident inquiries and resolving emails and calls. • Managed resident records including vehicle information, resident contact information, emergency contacts, lease agreements and general recordkeeping in accordance with Florida Statutes. • Generated weekly and monthly reports of all on-going projects, cash reports, work orders, and maintenance issues to the community and Board of Directors. • Regularly conducted site inspections, identifying deficiencies and providing recommendations to the Board of Directors. • Provided guidance and structured plans to resolve major developer deficiencies and drive improvement. • Available for on-call emergencies Property Manager / PMG Asset Services, LLC Prime Homebuilders Hollywood, FL / January 2022 – October 2023 • Responsible for 17 residential development properties, including mixed-use commercial condominium buildings, with approximately over 1,000 residents. As well as, responsible for 14 commercial development properties making up 154,782 sqft of luxury commercial space and 42 large-scale restaurant and office leases. • Coordinating communication with construction project managers on potential shutoffs (electricity, water/sewer) in events of continued development. • Overseeing finances by preparing and reviewing financials, paying invoices in accordance with the property’s budget, credit card reconciliations, preparing and presenting year-end budgets, and preparing and presenting capital improvement budgets to ownership. • Manage maintenance dues collections, security deposits, delinquency reports, including bad debt write-offs of less than 5% of scheduled dues. • Supervised maintenance personnel, maintaining work order schedules, regular maintenance schedules (such as pressure cleaning, painting common areas), and processing payroll. • Created and set up monthly/weekly reporting for association-controlled Boards. • Hosting annual election and budget meetings, created statutory notices in compliance with Florida Statutes requirements. • Review commercial tenant build-out plans, ensure timely build-out of office and restaurant spaces with tenants to maximize time utilized in rent concession period. • Draft and review commercial leases, negotiating rent schedules, tenant-improvement allowances, broker commission contracts, and monthly service agreements. • Complete walkthroughs with commercial tenants in shell spaces to check off developer/landlord base buildout plans; Including plumbing, electrical conduits, wall partitions, waste, sprinkler/fire safety equipment, and gas. • Overseeing day-to-day management tasks such as paying invoices, negotiating with and contracting vendors, reviewing insurance documentation, creating vendor profiles, handling tenant rent disputes, and tenant requests. • Reduced commercial delinquency by over 60% by fervently pursuing overdue payments Junior Property Manager / Castle Group, LLC Plantation, FL Client / May 2020 – January 2022 Assist Board of Directors, Regional Directors, and Property Managers with official correspondence mailings. Analyze budgets, capital expenditures, and general maintenance costs. Responsible for preparing legal notices in compliance with FL Statutes 718 and 720. Provide hands-on assistance to Condominiums doing administrative tasks as directed by Property Managers, organizing and directing staff on special projects. Maintain electronic and physical files of the Condominiums and HOAs’ records, including official correspondence, estoppels, and leases. Trained new employees. Resident Services Specialist / Castle Group, LLC Plantation, FL / August 2019 – May 2020 Worked in the resident call center answering calls from residents and property managers from over 400+ communities (Condos, HOA’s, Co-op’s), and assisted in every-day property management tasks. Experienced administrative tasks such as calling vendors, title companies, and attorneys. Assisted residents in all accounting matters – such as reading ledgers, explaining SPA fees, estoppel letters and handling escalations. Coordinated move-ins and move-outs with the Property Managers to ensure a smooth transition. Assisted in enforcing the association’s rules and regulations in accordance with their governing documents, and handling escalations pertaining to the same. Tracked & updated residential leasing renewals, managing deposit refunds. Assisted in coordination of service contracts. Provided onboarding training to new staff members. Skills & Abilities • Proficient with Jenark, GRID, and Yardi • Bilingual, fluent in English and Spanish • Proficient with online literacy and computers Education In Progress - Broward College, Online – Associate’s in Information Technology Certified on the M-100: The Essentials of Community Association Management Licensed Community Association Manager (#CAM52834); CAM 18-Hour Course • Skilled in Microsoft Office; Excel, PowerPoint, Word, and Outlook. • Excellent accounting skills RESOLUTION 2026-01 A RESOLUTION ELECTING THE OFFICERS OF THE PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT, OSCEOLA COUNTY, FLORIDA. WHEREAS, the Portofino Vista Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. The following persons are elected to the offices shown: Chairperson Vice Chairperson Secretary Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary Treasurer ________________________ Assistant Treasurer ________________________ Assistant Treasurer ________________________ PASSED AND ADOPTED this _____ day of _________, 2026. ATTEST: PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT _______________________________ Secretary/Assistant Secretary Chairperson, Board of Supervisors MINUTES OF MEETING PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Portofino Vista Community Development District was held on Wednesday, June 25, 2025, at 11:30 a.m. at 3545 Allegra Circle, St. Cloud, Florida. Present and constituting a quorum were: Yamilee Martinez Chairman Branden Skinner Vice Chairman Benjamin Vincent Assistant Secretary Also present were: Tricia Adams District Manager Katie O’Rourke Governmental Management Services Rich Hans Governmental Management Services (by phone) Ginger Wald District Counsel (by phone) FIRST ORDER OF BUSINESS Roll Call Ms. Adams called the meeting to order and called roll. SECOND ORDER OF BUSINESS Public Comment Period There not being any, the next item followed. THIRD ORDER OF BUSINESS Organizational Matters Ms. Adams stated prior to the meeting she received two letters of resignation one from Ms. Mary Papantonis, and one from Mr. Jim Dupre. She then asked for a motion to accept the letters of resignation and declare the two seats vacant. On MOTION by Mr. Vincent seconded by Mr. Skinner with all in favor, accepting the resignation letters of Mary Papantonis and Jim Dupre and declaring those two seats vacant was approved. A. Appointing Individual to Fill Vacant Seat #5 B. Administration of Oath to Newly Appointed Supervisor Ms. Adams stated the Board now had the ability to appoint a Florida resident and a citizen of the U.S. on the Board for seat #5 and asked if the Board wished to nominate or appoint anyone to that seat. Mr. Vincent stated he would like to appoint Yamilee Martinez to seat #5. On MOTION by Mr. Vincent seconded by Mr. Skinner with all in favor, appointing Yamilee Martinez to fill the unexpired term of office for seat #5 was approved. Ms. Adams then administered the oath of office to Ms. Yamilee Martinez. Ms. Wald gave a brief overview of the Sunshine Laws and the responsibilities of becoming a public official as a new member of the CDD Board to Ms. Martinez at this time. C. Consideration of Resolution #2025-06 Electing Officers Ms. Adams presented resolution #2025-06 electing officers, stating any time there was an election or a new appointment to the Board, the Board members needed to reorganize their officers or decide who would serve as chairman, vice chairman, and by default the remainder of the Supervisors would be assistant secretaries. Ms. Adams then gave a brief explanation relating to the resolution and the election of officers and asked for a motion to elect the officers. (At this point there was a brief discussion among the Board members and staff relating to this item) On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, Resolution #2025-06 electing officers, electing Yamilee Martinez as Chairman, Brandon Skinner as Vice Chairman, Jason Showe as an assistant secretary and keeping the remaining officers the same was approved. Audit Committee Meeting 1. Roll Call 2. Public Comment Period 3. Review of Proposals and Tally of Audit Committee Members Rankings A. Grau & Associates 4. Adjournment Ms. Adams stated at this time they would go into the audit committee meeting and asked the Board for a motion to appoint Ms. Martinez to the audit committee. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, appointing Ms. Yamilee Martinez to serve on the audit committee was approved. Ms. Adams then called the roll for the Portofino Vista audit committee meeting and asked for any public comment, there was no public comments at this time. Ms. Adams announced the Board would need to review the submitted proposals to select an auditor for the District and stated there was only one proposal submitted from Grau & Associates who was the current auditor for the District. She then asked the committee for a motion to rank Grau & Associates as the #1 ranked firm. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, ranking Grau & Associates as the #1 ranked auditing firm were approved. Ms. Adams then asked for a motion to adjourn the audit selection committee meeting. On MOTION by Mr. Vincent seconded by Mr. Skinner with all in favor, the Audit Selection Committee Meeting was adjourned. FOURTH ORDER OF BUSINESS Approval of the Minutes of the March 26, 2025, Board of Supervisors Meeting Ms. Adams presented the minutes of the March 26, 2025, meeting stating those minutes were included in the agenda packet. She then asked for any corrections, changes, or deletions and upon hearing none, asked for a motion to approve the minutes as presented. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, the Minutes of the March 26, 2025, Meeting were approved. FIFTH ORDER OF BUSINESS Public Hearing A. Motion to Open the Public Hearing Ms. Adams then moved to the public hearing and asked for a motion to open the public hearing. On MOTION by Mr. Vincent seconded by Ms. Martinez with all in favor, opening the Public Hearing was approved. She then asked if anyone from the public had any questions or wished to make any comments on the annual budget, there were no comments at this time. Ms. Adams then asked for a motion to close the public hearing. On MOTION by Mr. Skinner seconded by Ms. Martinez with all in favor, closing the Public Hearing was approved. A. Consideration of Resolution #2025-07 Adopting the District’s Fiscal Year Budget and Appropriating Funds Ms. Adams then moved on to item B, consideration of resolution #2025-07 adopting the District’s fiscal year budget and appropriating funds, gave a brief explanation of the resolution and then asked for any questions or comments from the Board. (At this point there was a brief discussion among the Board members and staff relating to this item) Ms. Adams then asked for a motion to adopt the resolution. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, Resolution #2025-07 Adopting the District’s Fiscal Year Budget and Appropriating Funds was approved. B. Consideration of Resolution #2025-08 Imposing Special Assessments and Certifying an Assessment Roll Ms. Adams presented resolution #2025-08 imposing Special Assessments and certifying an assessment roll and gave a brief explanation of this item. She then asked for any comments or questions, and upon hearing none, asked for a motion to adopt the resolution. On MOTION by Mr. Vincent seconded by Mr. Skinner with all in favor, Resolution #2025-08 imposing Special Assessments and certifying an assessment roll was approved. SIXTH ORDER OF BUSINESS Presentation of Fiscal Year 2024 Financial Audit Report Ms. Adams presented the fiscal year 2024 financial audit report, gave a brief explanation of the letter to management, and then asked for a motion to approve the audit report. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, accepting the Fiscal Year 2024 Financial Audit Report was approved. SEVENTH ORDER OF BUSINESS Acceptance of Ranking of the Audit Committee Grau & Associates #1 and Authorizing Staff to Send a Notice of Intent to Award Ms. Adams asked the Board of a motion to accept the ranking from the audit selection committee of Grau & Associates as the #1 ranked firm and authorizing staff to send a notice of intent to award. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, accepting the ranking of the Audit Committee, Grau & Associates as #1 and authorizing staff to send a notice of intent to award the contract was approved. EIGHTH ORDER OF BUSINESS Staff Reports Ms. Adams moved to staff reports and asked Ms. Wald if she had anything additional to report. A. Attorney Ms. Wald stated the only thing she had to report was to remind the Board members to file their Form 1s which was due by July 1, 2025. B. District Manager’s Report i. Approval of Check Register ii. Balance Sheet and Income Statement Ms. Adams presented the check register and the balance sheet and income statement and asked for any comments or questions. Upon not hearing any, she asked for a motion to accept the financial reports. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, the Check Run Summary, and the Balance Sheet and Income Statement were approved. iii. Presentation of Registered Voters – 81 iv. Approval of Fiscal Year 2026 Meeting Schedule Ms. Adams announced the number of registered voters in the District as 81 stating they are required to report this annually on the record to the Board of Supervisors. She then presented the proposed fiscal year 2026 meeting schedule and gave a summary of the meeting dates and asked the Board if there were any conflicts or any discussion. (At this point there was a discussion among the Board members and staff relating to this item) Ms. Adams then asked for a motion to approve the amended meeting schedule changing the meeting time from 11:30 a.m. to 12:30 p.m. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, accepting the Fiscal Year 2026 Meeting Schedule as amended moving the monthly meeting time to from 11:30 a.m. to 12:30 p.m. as stated on the record was approved. v. District Goals and Objectives a. Adoption of Fiscal Year 2026 Goals and Objectives b. Presentation of Fiscal Year 2025 Goals and Objectives Authorizing Chair to Execute Ms. Adams presented the District goals and objectives and gave a brief explanation of this item stating during the 2024 legislative session a new law was passed that required CDDs to adopt annual goals and objectives which are reported the following December in how the District successfully met those goals and objectives She then asked for any questions or comments and upon hearing none, asked for a motion to adopt the fiscal year 2026 goals and objectives. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, accepting the Fiscal Year 2026 Goals and Objectives was approved. Ms. Adams then presented fiscal year 2025 goals and objectives stating these were adopted last year by the Board and then gave a brief explanation of this item. She then asked for any questions or comments and upon hearing none, asked for a motion to approve and authorize the Chair to execute the report to be posted on the District website. On MOTION by Mr. Skinner seconded by Mr. Vincent with all in favor, accepting the Fiscal Year 2025 Goals and Objectives and authorizing the Chairman to execute the report was approved. c. Reminder of Form 1 Filing Deadline – July 1st Ms. Adams reminded the Board members once again to file their annual Form 1, by July 1st. NINTH ORDER OF BUSINESS Supervisor’s Requests Ms. Adams asked for any Supervisor’s requests, there were no comments at this time. TENTH ORDER OF BUSINESS Adjournment Ms. Adams asked for a motion to adjourn the meeting. On MOTION by Mr. Skinner seconded by Ms. Martinez with all in favor, the Meeting was adjourned. _____________________________ ________________________________ Secretary / Assistant Secretary Chairman / Vice Chairman RESOLUTION 2026-02 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Portofino Vista Community Development District (“District”) prior to June 15, 2026, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2026/2027”); and WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PORTOFINO VISTA COMMUNITY DEVELOPMENT DEVELOPMENT DISTRICT: 1. PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget. 2. SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location: DATE: June 24, 2026 HOUR: 12:30 PM LOCATION: Portofino Vista Clubhouse 3545 Allegra Circle Saint Cloud, FL 3. TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County, Florida at least 60 days prior to the hearing set above. 4. POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days. 5. PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law. 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. 7. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 25TH DAY OF MARCH 2026. ATTEST: PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT _____________________________ Secretary / Assistant Secretary Chair/Vice Chair, Board of Supervisors Exhibit A: Proposed Budget Portofino Vista Community Development District Proposed Budget FY 2027 1 2-3 456 Assessment Schedule Narratives Table of Contents General Fund Debt Service Fund Series 2006 Series 2006 Amortization Schedule Description AFBdYuo2dp0gt2ee6td Ac2tu/a2l8s/ T2h6ru Pro7j eMctoendt hNsext Pro9je/c3t0e/d2 T6hru PFBrYou p2do0gs2eet7d REVENUES: DSInpeteleicnrieqaslu tAe insnstce oMsmsameinetnetnsa -n Ocen ARsoslelssments $ 76,613 - - $ 49 4,,913506 - $ 26 3,,608030 - $ 76 7,,611536 - $7 56,0,6010 -3 TOTAL REVENUES $ 76,613 $ 54,086 $ 29,683 $ 83,768 $ 81,613 EXPENDITURES: Administrative AADTMPALEAITWOPORPDICCnneroraonrersnteitfuafsestfoiuhbgsplsnngnoenionusebepatcseiiittsruetrtparatnssteilare,miranmana e ggsihn e AlLratCSlnlsmeegeeeotage igidu OuA yyce mcn&rt nF&eev&Mperei niuuaAee o nneer pnRL ctdtDGaeeBnpnrtgliylseeii saotneei pitAtenaTebiny nnltssrFstdisae di eva eCeeAn&mtcireinheenhsgga raiSsaegnenlynur rnoLigcbstlieetoasrscbgaryitliiipottynions $ 3 21354181129 ,,,,,,,,,,, 63400820551131423153 0 010400000 3322530007030087700000445000004500 $ 1 2 34 3 8 ,,,,, 3 646 52 2 4 4 22 1 000094677097 000314133755 -- - - - - - - - - $$ 2 304 ,,, 04 895 3 6 6 1 1 5 304258366 11 8 1103747833227387700 - - - - -- - $ 3 2 3 1 3 85 1 1 8 ,,,,,,,,, 34 640205 211 3 32 1 1 5 3000100486333 12 89 11703000872731443708577500 - $ 3 23138711196 ,,,,,,,,,,, 4560551022285112152 300 00050000 0 205230706 800703000220500500507 - TOTAL ADMINISTRATIVE $ 73,073 $ 34,620 $ 32,657 $ 67,277 $ 78,073 Operations & Maintenance Field Expenditures Lake Maintenance $ 3,540 $ 1,430 $ 2,002 $ 3,432 $ 3,540 TOTAL FIELD EXPENDITURES $ 3,540 $ 1,430 $ 2,002 $ 3,432 $ 3,540 TOTAL EXPENDITURES $ 76,613 $ 36,050 $ 34,659 $ 70,709 $ 81,613 EXCESS REVENUES (EXPENDITURES) $ - $ 18,036 $ (4,977) $13,060 $ - Portofino Vista Community Development District Proposed Budget General Fund Page 1 Portofino Vista Community Development District Budget Narrative REVENUES Special Assessments -On Roll TheDistrictwilllevyaNon-AdValoremassessmentonallsoldandplattedparcelswithintheDistrictinordertopayforthe operating expenditures during the Fiscal Year. Expenditures - Administrative Engineering mThoenthDliys t r bicota'srd e nmgeineetienrgsw, irllevpierwov i odfe ignevnoeicreasl, eanngdin eoethrienrg sspeercviifciceasllyt o retqhueesDteisdt raiscst,igni.me.enattste.ndance and preparation for Attorney GTouhotevleinrDenidms tiernin cEttaxlhrMiebcaietn i"vaAeg"se mofMe tnahntea SMgeeravmniacegenest-m,SoeAnucttc hAouFgnrloetrienimdgae,naLtnL.dC.ATdhmeinbiusdtrgaettievdeasmerovuincetsforasthepafirstcaolfyeaarMisabnaasgeedmoennttheAgcroenetmraecntetdwfeieths Annual Audit bTuhdegDeitsetdri catmisourenqt ufoirre tdheto ficsocnald yuecatra ins abnanseuda loanu cdoitnotrfaictstefdin faenecsi afrlormec othred spbreyvaionuIsn ydeeapre enndgeangteCmeretnifti epdluPsu abnltiiccAipcactoeudn itnincrgeFaisrem..The Assessment Administration GfinMaSncSiFa,l aLdLvCisporroyv siderevsicaesss.essment services for closing lot sales, assessment roll services withthelocalTaxCollectorand Dissemination Agent aTdhdeitDioisntarli crtepisorrteinqgu irreeqduibryemtheentsS efocur ruinty-raatnedd Eboxcnhda insgsueeCs.ommissiontocomplywithRule15(c)(2)-12(b)(5),whichrelatesto Trustee Fees The District bonds will be held and administered by a Trustee. This represents the trustee annual fee. Management Fees TBBhooeaarrddD i mostfer ieSctuti’pnsegrsAv,tirtsoeorvrnisee w ya,nodwf ictlholenb t eDraicpsttrsroi,cvrtie dMviniaegnwaggoeefnrae.grarelelmegeanltssearnvdiceressotoluttihoensD,iastnrdicto,tih.ee.r,artetesneadracnhceaassnidgnperdepaasradtiiornecftoerdmboyntthhlye Arbitrage Rebate iTnhdeepDeisntdriecntti saurdeiqtuinirge fdirmto thoa pveerafonrman tnhuea claalrcbuiltartaigoensr.ebatecalculationontheDistrict’sBonds. TheDistrictwillcontractwithan Website Maintenance tPoe rusCehfaupl tweerb2s0it1e4s- 2re2g,aLradwinsgo CfoFmloprildiaan,caell iDssiustersic. Ttshmis uwstebhsaivtee waiwlle bbes imteatinotparinoevdid beyd GeMtaSil-eSdF,i nLfLoCr manadti ounpdoantethde mCoDnDthalys.wellaslinks Property Appraiser Information Technology bTyh eGDovisetrrnicmtepnrotacle Mssaensaaglleomfeintst fSineravniccieasl –a cStoivuitthie Fs,loi.rei.daac,c LoLuCn.tspayable,financialstatements,etc.onamainframecomputerleased sCTwehqohiautmehlilpmOinimnsictscehselnuieootdlD,na epei,Csorbtossrutuifactongtnrtebyon,o taBeunbconedeads rplsadiarrmoiroeyigftsre,aCadadmonmmdmtiomnti,nhiissgetts.rh niTaooahtnsmievee eerbssuccaopodnssrgtotdessvta iifdndoaecdsruss rBoertorcsheasieadertdsDet oodoisfftp trCwrhiooceimtvtohiwmdweiitpnshteeshirraoisssnoloisensfertnsrisenuv clgic,ochesoft.pfosrtPr wohmepearses,ltr ehbtgsyeaau.sFlpeTlddpohe lroeisiendcDsr a,aiisp Sutdttrniaaioictttnuta ptroerepfisicm,reeoaa bdpccuehmersrssip npeirniasosgrttp,chreeaerclt.toiByvmoepapcaruodrtcseotesrfl Page 2 Portofino Vista Community Development District Budget Narrative Legal Advertising The District is required to advertise various notices for monthly Board meetings and other of general circulation. publichearingsinanewspaper Contingencies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Due, Licenses & Subscriptions Other Current Charges This includes monthly bank charges and any other miscellaneous expenses that incur during the year. Office Supplies The District is required to pay an annual fee to the Florida Department of Commerce for $175. Capital Outlay RepresentsanyminorcapitalexpenditurestheDistrictmayneedtomakeduringtheFiscalYearsuchasafilecabinetforDistrict Communication - Telephone Lake Maintenance A contingency for any unanticipated and unscheduled cost to the District. The District will go into contract with a company who will provide monthly water management services. Printing and Binding Expenditures - Administrative (continued) 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 TinhseurDainsctrei ccto'sveGreangeer taol gLoiavbeirlnitmye&ntPaul balgicenOcfifeisc.i aTlhseL aiamboiluitnyt Iins sbuarsaendc euppoonli csyimisilawr iCthomamquuanliitfyie Ddeevnetliotpymtheantt sDpiesctriaiclitzse.sinproviding Expenditures – Field Copies used in the preparation of agenda packages, required mailings, and other special projects. Page 3 Description AdopFtYe2d0 B2u6dget PFBrYou p2do0gs2eet7d REVENUES: SSCppaeerrccyiiaa Fll oAArsswsseeassrssdmm Seeunnrttpssl--uODsnir eRcotll $ 1 54 14,,431149 - $ 1 54 14,,431149 - TOTAL REVENUES $ 195,733 $ 195,733 EXPENDITURES: IIPnnrttieenrrceeipsstta --l -01 0155//00/0111 ((11)) $ 1 3 55 033,,,088011088 $ 1 3 55 500,,,044077000 TOTAL EXPENDITURES $ 237,635 $ 235,940 EXCESS REVENUES (EXPENDITURES) $ (41,902) $ (40,207) (B1o) Inndt eisr einst fpoareycmloesnutr deue is based on outstanding principal balance. Interest Due 11/1/27 $ 46,993.75 Portofino Vista Community Development District Proposed Budget Debt Service Series 2006A/B Special Assessment Revenue Bonds Page 4 0101010101010101011001010115151515151515151515151551P//////////////////////////e00000000000000000000000000r11111111111111111111111111io//////////////////////////d3333333322222222222333333333221100998877665547665544 OuBtsatl 1 11 11 11 11 11 11 12 22 2aa,,,,,,,,,,,,,,,,,,nn889090002233556622 8 2 2 4 4 6 68dc22669930307373881143344545ei50500000505000005550055005n,,,,,,,,,,,,,,,,,,,,,,,,,,00000000000000000000000000g 0000000000000000000000000000000000000000000000000000 Coup55555555555555555555555555o..........................11111111111111111111111111n55555555555555555555555555s00000000000000000000000000%%%%%%%%%%%%%%%%%%%%%%%%%% Princ 1 1 1 1 1 1 1 1 1 2 2 2 1ip8766543323109a5550055050555l,,,,,,,,,,,,,000000000000000000000000000000000000000 - - - - - - - - - - - - - Int 22 23 33 33 34 44 45 55 55 5 1 11 12er1616155939360603377 5 511616e,,,,,,,,,,,,,,,,,,,,,,,,,,57050223232949480809944777st2522277969697917133225353528287877070303076762287878..........................5757575505070705252557575705050500000505000550050505 AnSne 2 2 2 2 2 2 2 2 2 2 2 2 2 2ur33333333333333av32142524525233li ,,,,,,,,,,,,,,Dc25366242809314ee85075568532899b11657337332166t.............. 2220577577522255500550550555 Total $ 3,570,000 $ 3,596,721 $ 7,166,721 Portofino Vista Community Development District AMORTIZATION SCHEDULE Debt Service Series 2006A/B Special Assessment Revenue Bonds Page 5 Neighborhood UOn&iMts BU2o0nn0idt6ss FY 2027 FY2026 Increase/ (decrease) FY 2027 FY2026 Increase/ (decrease) FY 2027 FY2026 Increase/ (decrease) TToaxw Dnheeodm Leosts 5475 507 $$331111..0088 $$331111..0088 $$00..0000 $$995599..5577 $$995599..5577 $$00..0000 $$11,,227700..6655 $$11,,227700..6655 $$00..0000 LCootusn-Ptyrime 1519 1519 $$331111..0088 $$331111..0088 $$00..0000 $$995599..5577 $$995599..5577 $$00..0000 $$11,,227700..6655 $$11,,227700..6655 $$00..0000 Total 262 217 Portofino Vista Community Development District Non-Ad Valorem Assessments Comparison 2026-2027 Annual Maintenance Assessments Annual Debt Assessments Total Assessed Per Unit Page 6 BOARD OF SUPERVISORS MEETING DATES PORTOFINO VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026 The Board of Supervisors of the Portofino Vista Community Development District will hold their regular meetings for Fiscal Year 2026 on the 4th Wednesday of each month, at the Portofino Vista Clubhouse 3545 Allegra Cir., St. Cloud, FL 34772 , at 12:30 p.m., unless otherwise indicated as follows: March 25, 2026 April 22, 2026 May 27, 2026 June 24, 2026 July 22, 2026 August 26, 2026 September 23, 2026 The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524. There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office. A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. District Manager Check Register Date check #'s Amount 6/1 - 6/30 654 - 658 $ 7,403.84 7/1 - 7/31 659 - 664 18,428.08 1111289012///////1111111 ------- 1289111012////2333///0118333011 666666666778991456799 ------- 666666706778990135688 13113344723,,,,,,,877884752589685001606.......30157672000878 TOTAL $ 207,183.07 Portofino Vista COMMUNITY DEVELOPMENT DISTRICT Fiscal Year 2026 6/01/25 - 2/28/26 Portofino Vista Community Development District Unaudited Financial Reporting February 28, 2026 1 2 345 6 & 7 Assessment Receipt Schedule Month to Month Table of Contents Balance Sheet General Fund Debt Service Fund Series 2006 A&B Capital Project Fund Series 2006 A&B General Debt Service Capital Project Totals Fund Fund Fund Governmental Funds CSDIAntasuavOsseteheep sf:t ertBsomr:oameatinr nGdtges o :nAfe cArcadolmu Fniuntnisdtration (SBA) $ 3 07 81 ,, 91 39 84 - $ - -- $ - -- $ 3 70 18 ,, 19 9 3 48 - Series 2006A RRSIDCnioeeentnsvfek.ee sriArtnnervdsuguetmec tinioinst rative ------ 42 77 40 ,, 60 145 6646 -- 1 2 0 , 8 9 ----- 421 772 4 00 ,,, 608 1 4 59 66469 - Series 2006B DepoRPsreitevspeanyume ent 2 0 -- 2 1 11 - --- 22 10 110 Total Assets $ 380,332 $ 744,934 $ 120,899 $ 1 ,246,165 Liabilities: MMMMDAcuaaaacettttouuuu turrrroneeee Dddddts eIIBB Pbnnooatttnn eeySddrraeeessbrss vlPPttei aacPPyyeaaaayybbaallbbeell eeBA BA((21 ))((21)) $ 7 8 ----- $ 1122 ,,,, 2345 1278 0079 ,,,, 0016 - 0079 0045 - $ - ----- $ 1122 ,,,, 2345 1278 0079 ,,,, 00167 00798 00458 - Total Liabilites $ 788 $ 7,596,870 $ - $ 7 ,597,657 RUNFuenoDCDsnnataeesdsrpsbppi Bciitoegtt aasSnenilelddet aPrsa dnfvrboioclrceej:ee:: ct $ 3 7 9 , 23 04 05 - $ ( 6 , 8 5 1 , 9 - 3 6 -) $ 1 2 0 , 8 - 9 -- $ ( 6 , 813 527 109 ,,, 298303940695) Total Fund Balances $ 379,545 $ (6,851,936) $ 120,899 $ (6,351,492) Total Liabilities & Fund Balance $ 380,332 $ 744,934 $ 120,899 $ 1,246,165 ((12)) RReepprreesseennttss pprriinncciippaall aanndd iinntteerreesstt apcacyrmuaelnst tsh trhoruoguhg hM Aauy g1u, s2t0 12, 62009 Portofino Vista Community Development District Combined Balance Sheet February 28, 2026 Page 1 Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 28, 2026 Adopted Budget PTrhorrua t0e2d/ B2u8d/g2e6t ThruA 0c2tu/a2l8/26 Variance Revenues: IS Snppteeeccriieaasllt AA Issnssceeossmssmmeeennttss -- TTaaxx RRoollll (Delinquent) $ 7 6 , 6 1 3 -- $ 4 9 , 9 - 3 0 - $ 4 49 ,, 19 53 60 - $ 4 , 1 - 5 6 - Total Revenues $ 76,613 $ 49,930 $ 54,086 $ 4,156 Expenditures: General & Administrative: DCOCEAAPAIAIPRDMWPLTTOnneanororretnsreufitasfesftoiuhgbpslnnsgnoeinounesbepatcseiiittsruetprratatnssteialre,mirana nam egghsin e lALraCtSlnsleemgeeoeta ge igdi OuuAy cyme c&nrtn F &eveM&peire niuuaAeeo nneer npLRct dGtDeaneBprngtliyseleisai etonie ptiAetnaTiebynn lntssrFstidsae deiva eCeeA&nmtcriiensehehnsgag rasiSaenlgeynn urrLnoigcbsitleeaotsrsbcgariytliiiptoytnions $ 3 18429121513 ,,,,,,,,,,, 15305823361140254130 73030000000530420013205000000004004070845007 $ 1 342941 ,,,,,, 15145823364605421 170314006000017809703 53087 2004300330301383 - $ 1 33248 ,,,,, 122423626454 - 704060090797 57 4035103013 -- - ------ $ 111 ,,, 51424002 (( 17031960168000 3 0 3 8 7830013098 - -------)) Total General & Administrative $ 73,073 $ 39,624 $ 34,620 $ 5,004 Operations & Maintenance Field Expenditures Lake Maintenance $ 3,540 $ 1,475 $ 1,430 $ 45 Subtotal Field Expenditures $ 3,540 $ 1,475 $ 1,430 $ 45 Total Operations & Maintenance $ 3,540 $ 1,475 $ 1,430 $ 45 Total Expenditures $ 76,613 $ 41,099 $ 36,050 $ 5,049 Excess (Deficiency) of Revenues over Expenditures $ - $ 8,832 $ 18,036 $ 9,204 Net Change in Fund Balance $ - $ 8,832 $ 18,036 $ 9,204 Fund Balance - Beginning $ - $ 3 61,509 Fund Balance - Ending $ - $ 3 79,545 Portofino Vista Page 2 Portofino Vista Community Development District Debt Service Fund Series 2006A Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 28, 2026 Adopted Budget PTrhorrua t0e2d/ B2u8d/g2e6t ThruA 0c2tu/a2l8/26 Variance Revenues: SSSInpppteeeecccriiieaaaslll tAAA Isssnsssceeeosssmsssmmmeeeennntttsss --- TTDaairxxe RRctoollll (Delinquent) $ 1 54 14 ,,43 11 49 -- $ 31 21 ,, 82 72 83 -- $ 3 1 21 ,, 82 72 83 -- $ ---- Total Revenues $ 195,733 $ 44,101 $ 44,101 $ - Expenditures: IPInnrttieenrrceeipsstta l-- -51 5/1/11 $ 1 535 303,,,808101808 $ 5 3 , 8 1 8 -- $ 8 9 , 2 4 -- $ ( 3 5 ,4 0 6 -- ) Total Expenditures $ 237,635 $ 53,818 $ 1 50,974 $ (97,156) Excess (Deficiency) of Revenues over Expenditures $ (41,902) $ ( 9,716) $ (106,873) $ (97,156) Other Financing Sources/(Uses): Other Debt Service Cost $ - $ - $ (3,919) $ (3,919) Total Other Financing Sources/(Uses) $ - $ - $ (3,919) $ (3,919) Net Change in Fund Balance $ (41,902) $ (9,716) $ (110,792) $ (101,075) Fund Balance - Beginning $ - $ (6,741,145) Fund Balance - Ending $ (41,902) $ (6,851,936) Page 3 Portofino Vista Community Development District Capital Projects Fund Series Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 28, 2026 Adopted Budget PTrhorrua t0e2d/ B2u8d/g2e6t ThruA 0c2tu/a2l8/26 Variance Revenues Interest Income $ - $ - $ 1,885 $ 1,885 Total Revenues $ - $ - $ 1,885 $ 1,885 Expenditures: Capital Outlay $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - Excess (Deficiency) of Revenues over Expenditures $ - $ - $ 1,885 $ 1,885 Net Change in Fund Balance $ - $ 1,885 Fund Balance - Beginning $ - $ 119,014 Fund Balance - Ending $ - $ 120,899 Page 4 Portofino Vista Community Development District Oct Nov Dec Jan Feb March April May June July Aug Sept Total Revenues: Special ISnpteecrieaslt AA Issnssceeossmssmmeeennttss -- TTaaxx RRoollll (Delinquent) $ 7 4 2 73 - $ 3 , 74 06 29 - $ 4 2 , 79 86 73 - $ 12 ,, 09 13 39 - $ 95 03 76 - $ - -- $ - -- $ - -- $ - -- $ - -- $ - -- $ - -- $ 4 49 ,, 19 53 60 - Total Revenues $ 770 $ 4,171 $ 43,750 $ 3,952 $ 1,443 $ - $ - $ - $ - $ - $ - $ - $ 54,086 Expenditures: General & Administrative: Engineering - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Attorney 804 500 500 653 788 - - - - - - - 3,244 Annual Audit - - 1,000 2,400 - - - - - - - - 3,400 Assessment Administration 2,300 - - - - - - - - - - - 2,300 Arbitrage Rebate - - 600 - - - - - - - - - 600 Dissemination Agent 118 118 118 118 118 - - - - - - - 591 Trustee Fees - - - - - - - - - - - - - Management Fees 2,921 2,921 2,921 2,921 2,921 - - - - - - - 14,603 Property Appraiser - - - - 261 - - - - - - - 261 Information Technology 95 95 95 95 95 - - - - - - - 473 Website Maintenance 95 95 95 95 95 - - - - - - - 473 Telephone - - - - - - - - - - - - - Postage & Delivery - - - - - - - - - - - - - Insurance General Liability 8,295 - - - - - - - - - - - 8,295 Printing & Binding - - - - - - - - - - - - - Rentals & Leases - - - - - - - - - - - - - Legal Advertising - - - - - - - - - - - - - Other Current Charges 40 39 40 40 47 - - - - - - - 207 Office Supplies - - - - - - - - - - - - - Dues, Licenses & Subscriptions 175 - - - - - - - - - - - 175 Capital Outlay - - - - - - - - - - - - - Contingency - - - - - - - - - - - - - Total General & Administrative 14,842 $ 3,767 $ 5,368 $ 6,320 $ 4,323 $ - $ - $ - $ - $ - $ - $ - $ 34,620 $ Operations & Maintenance Field Expenditures Lake Maintenance 286 $ 286 $ 286 $ 286 $ 286 $ - $ - $ - $ - $ - $ - $ - $ 1,430 $ Subtotal Field Expenditures 286 $ 286 $ 286 $ 286 $ 286 $ - $ - $ - $ - $ - $ - $ - $ 1,430 $ Total Operations & Maintenance 286 $ 286 $ 286 $ 286 $ 286 $ - $ - $ - $ - $ - $ - $ - $ 1,430 $ Total Expenditures 15,128 $ 4,053 $ 5,654 $ 6,606 $ 4,609 $ - $ - $ - $ - $ - $ - $ - $ 36,050 $ Excess (Deficiency) of Revenues over Expenditures (14,357) $ 118 $ 38,096 $ (2,654) $ (3,166) $ - $ - $ - $ - $ - $ - $ - $ 18,036 $ Net Change in Fund Balance (14,357) $ 118 $ 38,096 $ (2,654) $ (3,166) $ - $ - $ - $ - $ - $ - $ - $ 18,036 $ Month to Month Page 5 GNroest sA Asssesesssmsmeenntsts $$ 87 16,,560122..9768 $$ 55 41,,649153..4796 $$ 11 3268,,109286..4554 allocation in % 59.84% 40.16% 100.00% Date Gross Amount Discount/ Penalty Commission Interest Net Receipts O&M Portion 2006A Debt Service Total 0000111111111111112220///////////0001111123201122344992///////////2222222222255555566665 $ 16 12406 ,,,,, 6948802 3502405 3406709 ----.......28077584625878 $ 2 , 1136 1191354 6892238 ----.......66602603560232 $ 1 ( , 812 11358597 ( 424458041 --.........523578310500168855)) $ 25 38 ---------..4910 $ 6 12492 ,,,,, 88615672 2559201598 34806203891 ...........4593250117515088335690 3 11257 ,,,,, 85305562 5253702997 48306212270...........5943350378050185304888 2 1135 ,,,, 3260680 5582681 9060271 ----.......90336743092572 $ 6 14922 ,,,,, 88615762 2559201958 34806203981...........4593250117515088335960 $ 86,923.10 $ 3,380.81 $ 815.92 $ 8 2.31 $ 82,808.68 $ 49,930.20 $ 32,878.48 $ 82,808.68 63.82% Percent Collected $ 49,275.35 Balance Remaining to Collect Portofino Vista COMMUNITY DEVELOPMENT DISTRICT Special Assessment Receipts - Osceola County Fiscal Year 2026 ON ROLL ASSESSMENTS Page 6 Graolslos cAastsioenss imn e%nts $ 39.70 2%47.00 $ 60.30 3%75.16 $ 100.00 6%22.16 Date Gross Amount Discoumt/ Penalty Commission Interest Net Receipts O&M Portion 2006A Debt Service Total $ ---- $ ---- $ ---- $ ---- $ - $ - $ - $ - $ - $ - $ - $ - 0.00% Percent Collected $ 622.16 Balance Remaining to Collect Portofino Vista COMMUNITY DEVELOPMENT DISTRICT ON ROLL ASSESSMENTS DELINQUENT - Osceola County Fiscal Year 2026 Page 7