Highland Meadows
Community Development District Agenda
June 09, 2026

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Highland Meadows
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
June 2, 2026
Highland Meadows
Community Development District

Dear Board Members:
A meeting of the Board of Supervisors of the Highland Meadows Community Development District will be held Tuesday, June 09, 2026, at 12:30 PM at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, FL 33850.
Those members of the public wishing to attend the meeting can do so using the information below:
Zoom Video Link: https://us06web.zoom.us/j/81490498057
Call-In Information:	1 305 224 1968	Meeting ID: 814 9049 8057 Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Approval of Minutes of the February 10, 2026 Board of Supervisors Meeting
Consideration of Resolution 2026-03 Approving the Proposed Fiscal Year 2027 Budget and Setting a Public Hearing to Adopt
Consideration of Resolution 2026-04 Relating to General Election Qualifying Period and Procedure
Consideration of Resolution 2026-05 Rescheduling Public Hearing to Adopt Amended and Restated Rules of Procedure
Consideration of License Agreement Regarding Surface Cleaning of Fence Improvement
Review and Acceptance of Fiscal Year 2025 Audit Report
Consideration of Proposal from Prince and Sons for Fuel Surcharge
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal for Plant Replacement
Consideration of Proposals for Erosion Repair
Pond 1
Pond 2

Pond 3
Pond 4
Pond 5
District Manager’s Report
Action Items
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters: 334
Reminder of Form 1 Filing Requirement Deadline
Supervisor Requests
Adjournment

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MINUTES OF MEETING HIGHLAND MEADOWS
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Highland Meadows Community Development District was held on February 10, 2026, at 12:33 p.m. at the Lake Alfred Public Library, 245 North Seminole Avenue, Lake Alfred, Florida.

Present and constituting a quorum:

Cindy Chenowith	Chairperson
Eric Chenowith	Assistant Secretary
Kevin Serrano	Assistant Secretary
Jason Munoz by Zoom	Assistant Secretary Also, present were:
Tricia Adams	District Manager, GMS
Meredith Hammock by Zoom	District Counsel, Kilinski Van Wyk Cole Landau by Zoom	District Engineer
Joel Blanco by Zoom	Field Services Manager, GMS
Chase Arrington by Zoom	District Engineer, GMS

The following is a summary of the discussions and actions taken at the February 10, 2026 Highland Meadows Community Development District’s Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 12:33 p.m. Four Supervisors were present constituting a quorum, with Mr. Munoz participating via Zoom.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams stated there were no members of the public present or joining by Zoom.

February 10, 2026,	Highland Meadows CDD

THIRD ORDER OF BUSINESS	Approval of Minutes of the November 4,
2025 Board of Supervisors Meeting
Ms. Adams presented a draft of the meeting minutes from the November 4, 2025 Board of Supervisors meeting. There were no corrections.
Mr. Serrano asked if it was required for District counsel to approve the minutes. Ms. Adams stated it was not required.

On MOTION by Ms. Chenowith, seconded by Mr. Chenowith, with all in favor, the Minutes of the November 4, 2025 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2026-02
Setting a Public Hearing to Amend Rules of Procedure
Ms. Adams stated this resolution is for setting a public hearing to amend the rules of procedure. Ms. Hammock stated the District has been operating in accordance with the law, but the Rules of Procedure have been updated to reflect statutory changes and current District practices.
Ms. Adams stated the public hearing would be set for April 14, 2026, at 12:30 p.m. She commented the draft is attached to the resolution that reflects the changes.

On MOTION by Mr. Chenowith, seconded by Mr. Serrano, with all in favor, Resolution 2026-02 Setting a Public Hearing for April 14, 2026 at 12:30 p.m. to Amend the Rules of Procedure, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Dewberry	Work
Authorization	for	Fiscal	Year	2026 Engineering Services
A. Review of FY25 Fee Schedule
Ms. Adams stated this item is for the work authorization for Dewberry for Fiscal Year 2026. She noted in addition to the work authorization for Fiscal Year 2026 there’s a copy of the engineering fee schedule dated June 2025. The proposed fee schedule reflects an approximate 5% increase from the prior year

February 10, 2026,	Highland Meadows CDD

The Board discussed the previous rates, the engineering personnel levels and titles, billable rates, construction professional rates, and the difference in 2025 and 2026 rates. Ms. Adams noted the Fiscal Year 2026 engineering services budget is $10,000, consistent with prior Board direction.

On MOTION by Ms. Chenowith, seconded by Mr. Chenowith, with all in favor, the Dewberry Work Authorization for Fiscal Year 2026 Engineering Services, was approved.

SIXTH ORDER OF BUSINESS	Consideration of Proposal for Holiday
Light Installation
Ms. Adams stated this item is the proposal for light installation. She noted the Board had asked for options for lighting. Mr. Blanco presented the scope for the GMS proposal which would allow lights for all palms at each entrance, installation of wreaths on the monuments, and includes installation, removal, and storage of decorations. He added the lights would include the District owning the décor, and storage could be provided. He also referenced a proposal from Festive Glow, noting the cost was higher and the decorations would remain the property of the vendor.
The Board asked questions regarding material costs, equipment requirements, and installation logistics. Storage of decorations would be accommodated at an existing District storage facility
Board member Mr. Chenowith stated in the past they used volunteers and using GMS would be much easier.

On MOTION by Mr. Chenowith, seconded by Mr. Serrano, with all in favor, the GMS Proposal for Holiday Light Installation, was approved.

SEVENTH ORDER OF BUSINESS	Consideration of Data Sharing and Usage
Agreement with Polk County Property Appraiser
Ms. Adams reviewed the agreement that is reviewed annually and updated for the 2026 tax roll. This agreement confirms the District’s compliance with confidentiality requirements applicable to exempt information.

February 10, 2026,	Highland Meadows CDD

On MOTION by Ms. Chenowith, seconded by Mr. Chenowith, with all in favor, the Data Sharing and Usage Agreement with Polk County Property Appraiser, was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	Contract	Agreement
with Polk County Property Appraiser
Ms. Adams reviewed the contract agreement noting this agreement authorizes the placement of District assessments on the Polk County property tax bill pursuant to Florida Statutes.

On MOTION by Ms. Chenowith, seconded by Mr. Serrano, with all in favor, the Contract Agreement with Polk County Property Appraiser, was approved.

NINTH ORDER OF BUSINESS	Staff Reports
A. Attorney
Ms. Hammock stated the first ethics training was conducted yesterday and she will send the audio out to the Supervisors that did not attend. Ms. Chenowith commented on the costs for Ms. Hammock to provide the sessions and that all Board members should try to attend the sessions.

B. Engineer
Discussion of Memo and Proposal Regarding Erosion Control
Mr. Landau stated this was for the area of erosion in the preservation area. He added the best solution is to eliminate the erodible materials from the water, wind and other elements. The proposed solution includes installation of a concrete stabilization system. Discussion ensued on if using concrete would hide the erosion occurring, running water velocity, capping the water, the design would improve drainage flow and reduce future erosion, gaps in the piling, and the depth of the sidewalk to be installed.
Ms. Chenowith asked about the budget. Ms. Adams noted the field expenditures line item had been approved with $12,500 for contingency. She explained the ability to approve another amount if needed.
Other discussion was held on upcoming unknown expenditures. Mr. Landau stated the damage occurred during the rainy season and he noted this is a highly erodible area He recommended approval of the erosion repair for $9625.

February 10, 2026,	Highland Meadows CDD

On MOTION by Mr. Chenowith, seconded by Ms. Chenowith, with all in favor, the Proposal Regarding Erosion Control for $9,625, was approved.

Mr. Chenowith asked about the timeline for execution. Mr. Landau stated he felt maybe mid-April and he would investigate further. It was noted that no community access would be shut down.

C. Field Manager’s Report
Mr. Blanco reviewed the Field Manager’s report to include completion of palm tree trimming, mulching, and the entrance plant monitoring of landscaping to determine which plant materials were impacted by recent cold weather. He will report updates at the next meeting. He noted replacement should occur at the end of June. Additional discussion occurred regarding repair of a damaged sign, including replacement requirements.
Mr. Blanco provided updates on the erosion problems and noted five areas of erosion issues. He stated he is asking Dewberry to look at the issues and is in the process of having the landscapers provide proposals. He will present the itemized proposals at the next meeting. He suggested addressing the issues with the most problems first and then look at other options.
Board member had questions on the pictures on the erosion near the bridge showing problems already. Mr. Landau commented on the area near the bridge and the inspection conducted. He provided options to correct the issue by sodding and grading. Other areas of possible erosion were discussed. Proposals will be presented at the next meeting. Mr. Blanco explained the action items list is in the agenda package for Board review.

D. District Manager’s Report
Action Items
Ms. Adams noted one of the action items included a fence on CDD property that needs to be pressure washed. She suggested getting tract information for District counsel. She added the next ethics training is scheduled for June 8th.
The Board directed staff to continue monitoring erosion areas and present prioritized repair options. They asked that this be included on the general action items list and the field action items list due to these issues.

February 10, 2026,	Highland Meadows CDD

Approval of Check Register
Ms. Adams presented the check register from October 1, 2025, to December 31, 2025, the total amount of $139,348.98.

On MOTION by Ms. Chenowith, seconded by Mr. Chenowith, with all in favor, the Check Register Totaling $139,348.98, was approved.

Balance Sheet and Income Statement
Ms. Adams presented the unaudited financials through December 31, 2025. She reviewed several line items. She noted as of the end of December the District assessed $262,130 from CDD fees for maintenance and as of the end of December received $254,037. Discussion occurred regarding landscaping expenditures and pending proposals.

TENTH ORDER OF BUSINESS	Supervisor Requests
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment
Ms. Adams asked for a motion to adjourn.

On MOTION by Ms. Chenowith, seconded by Mr. Serrano, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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RESOLUTION 2026-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 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, prior to June 15, 2026, prepared and submitted to the Board of Supervisors (“Board”) of the Highland Meadows Community Development District (“District”) a proposed budget (“Proposed Budget”) for the Fiscal Year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 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 HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
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:	August 11, 2026
HOUR:	12:30 p.m.
LOCATION:	Lake Alfred Public Library
245 N. Seminole Avenue Lake Alfred, Florida 33850
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 the City of Davenport and Polk County, Florida at least sixty (60) days prior to the hearing set above.
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 (2) days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least forty-five (45) days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 9TH DAY OF JUNE 2026.

ATTEST:	HIGHLAND MEADOWS
COMMUNITY DEVELOPMENT DISTRICT

By: 	
Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2027

Highland Meadows
Community Development District

Proposed Budget
FY 2027

Table of Contents

1	General Fund	

2-3	

General Fund Narrative	

4	

Reserve Fund	

5	

Series 2006A Debt Service Fund	

6	

Series 2006A Amortization Schedule	

7	

Assessment Table	

Highland Meadows
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues						
Special Assessments - On Roll	$	262,130	$	259,116	$	3,014	$	262,130	$	262,130	
Interest Income	-	841	600	1,441	750	
Misc. Income	-	942	-	942	-	
Total Revenues	$	262,130	$	260,899	$	3,614	$	264,513	$	262,880	

Expenditures						
General & Administrative
Supervisor Fees/FICA	
$	6,459	
$	2,368	
$	2,153	
$	4,521	
$	6,459	
Engineering	10,000	6,275	4,482	10,757	15,000	
Attorney	20,000	9,551	9,551	19,102	20,000	
Legal Fees Contingency	5,000	-	5,000	5,000	5,000	
Annual Audit	3,600	3,300	-	3,300	3,400	
Assessment Roll - Admin	5,000	5,000	-	5,000	5,000	
Assessment Roll - County	3,090	-	2,819	2,819	3,090	
Dissemination Agent	2,400	1,400	1,000	2,400	2,520	
Trustee Fees	4,435	-	4,041	4,041	4,041	
Management Fees	35,000	20,417	14,583	35,000	36,750	
Information Technology	1,800	1,050	750	1,800	1,890	
Postage & Delivery	100	-	50	50	100	
Insurance General Liability	7,690	6,775	-	6,775	7,453	
Legal Advertising	3,000	1,819	1,299	3,118	3,000	
Other Current Charges	1,000	1,289	921	2,210	2,500	
Website Admin	1,200	700	500	1,200	1,260	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total General & Administrative:	$	109,949	$	60,119	$	47,149	$	107,267	$	117,638	

Field 
Field Management	

$	7,725	

$	4,506	

3,219	

$	7,725	

$	8,111	
Electric	900	329	329	658	900	
Streetlighting	12,275	6,708	6,708	13,416	12,275	
Water	6,500	3,073	3,073	6,146	6,500	
Property Insurance	2,686	2,457	-	2,457	2,334	
General Repairs & Maintenance	5,000	-	5,000	5,000	10,000	
Landscape Maintenance	32,880	18,620	13,300	31,920	37,920	
Landscape Contingency	9,000	2,640	6,000	8,640	9,000	
Irrigation Repairs	2,500	900	643	1,543	2,500	
Holiday Lights	-	-	-	-	2,500	
Contingency	12,500	14,835	5,000	19,835	12,500	
Total Field	$	91,966	$	54,068	$	43,271	$	97,339	$	104,540	
						
Total Expenditures	$	201,915	$	114,187	$	90,420	$	204,607	$	222,178	
						
Excess (Deficiency) of Revenues over Expenditures	$	60,215	$	146,712	$	(86,806)	$	59,906	$	40,702	

Other Financing Sources/(Uses):						
Transfer Out - Capital Reserve	$	(60,215)	$	-	$	(60,215)	$	(60,215)	$	(40,702)	
Total Other Financing Sources/(Uses)	$	(60,215)	$	-	$	(60,215)	$	(60,215)	$	(40,702)	
						
Excess Revenues/(Expenditures)	$	-	$	146,712	$	(147,021)	$	(309)	$	-	

Highland Meadows
Community Development District
Budget Narrative Fiscal Year 2027

REVENUES

Special Assessments- On Roll
The District will levy a Non-Ad Valorem assessment on platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Interest Income
The District will have all excess funds invested with Bank United. The amount is based open the estimated average balance of funds available during the fiscal year.
Misc. Income
Any other income that is not mentioned above.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all 5 supervisors attending 6 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
Engineering
The District's engineer, Dewberry Engineers Inc. will provide general engineering services to the District, i.e. attendance and preparation for board meetings, review of invoices, and other specifically requested assignments.
Attorney
The District’s Attorney, Kilinski Van Wyk, PLCC will be providing general legal services to the District, i.e., attendance and preparation for 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 with Grau and Associates plus anticipated increase.
Assessment Administration - Admin
GMS CF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Assessment Administration - County
Polk County charges 1% of the roll to include the CDD assessments on the County tax roll.

Trustee Fees
The District bonds will be held and administered by a Trustee at U.S. Bank. 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-Central Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.

Highland Meadows
Community Development District
Budget Narrative Fiscal Year 2027

Expenditures - Administrative (continued)

Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.
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-CF, LLC and updated monthly.
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.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.

Expenditures – Field

Field Management Services
The District has contracted with GMS-CF, LLC for the onsite management, contract administration and vendor oversite.

Electric
The District has the following account with Duke Energy to provide electric for lighting of entry features and signs within the District.

Street Lighting

Account#	Location
910082726644 508 Highland Meadows St Unit A 910092775437 101 Highland Meadows St Unit A

The District has the following accountswith Duke Energy to provide electric for street lighting:
Account#	Location
910082726884  0 County Rd 547 N Lite Phs2
910082775198  0 County Rd 547 N Lite
Water
The Districts the following account with the City of Davenport to provide water to the District:
Account#	Location
2270 Highland Meadows St
Landscape Maintenance
This represents landscape maintenance of all District property, to include mowing, edging, trimming, blowing etc. The District is contracted with Prince & Sons based on the following:
Vendor	Montly Amount	Annual Amount	
Prince & Sons	$2,740	$32,878	
Landscape Contingency
Represents any un-budgeted expense related to the landscaping of the District including mulching, annuals and tree trimming
Irrigation Repairs & Maintenance
Represents the costs associated with the Irrigation system within the District.

Highland Meadows
Community Development District Proposed Budget
Reserve Fund

Description

Adopted Budget FY2026

Actuals Thru 4/30/26

Projected Next
5 Months

Projected Thru 9/30/26

Proposed Budget FY2027

Revenues

Interest Income	$	-	$	1,020	$	700	$	1,720	$	1,000	
Total Revenues	$	-	$	1,020	$	700	$	1,720	$	1,000	

Expenditures

Other Current Charges Capital Outlay	

-	350
-	-	

300
-	

650
-	

1,000
-	
Total Expenditures	$	-	$	350	$	300	$	650	$	1,000	

Excess (Deficiency) of Revenues over		
Expenditures	$	-	$	670	$	400	$	1,070	$	-	

Other Financing Sources/(Uses):

Transfer In/(Out)

$	60,215	$

-	$	60,215

60,215

$	40,702

Excess Revenues/(Expenditures)	$	60,215	$	670	$	400	$	61,285	$	-

Total Other Financing Sources/(Uses)	$	60,215	$	-	$	60,215	$	60,215	$	40,702

Highland Meadows
Community Development District Proposed Budget
Debt Service Fund Series 2006A

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues						
Assessments	$	87,048	$	88,137	$	-	$	88,137	$	82,200	
Interest	-	2,102	500	2,602	-	
Carry Forward Surplus	44,783	36,050	-	36,050	44,278	
Total Revenues	$	131,831	$	126,289	$	500	$	126,789	$	126,478	

Expenditures						
Interest - 11/1	$	19,113	18,425	$	-	$	18,425	$	16,913	
Principal - 5/1	45,000	-	45,000	45,000	45,000	
Interest - 5/1	19,113	-	18,150	18,150	16,913	
Property Appraiser	-	936	-	936	-	
Total Expenditures	$	83,225	$	19,361	$	63,150	$	82,511	$	78,825	
						
Excess Revenues/(Expenditures)	$	48,606	$	106,928	$	(62,650)	$	44,278	$	47,653	
				
Interest - 11/1/27	
$	15,675	

Highland Meadows Community Development District Series 2006A Special Assessment Bonds Amortization Schedule

Date		Balance	Coupon		Principal	Interest	Total	

05/01/26	
$	
660,000.00	
5.50%	
$	
45,000.00	$	
18,150.00  $	
-	
11/01/26	$	615,000.00	5.50%	$	-	$	16,912.50  $	80,062.50	
05/01/27	$	615,000.00	5.50%	$	45,000.00	$	16,912.50  $	-	
11/01/27	$	570,000.00	5.50%	$	-	$	15,675.00  $	77,587.50	
05/01/28	$	570,000.00	5.50%	$	50,000.00	$	15,675.00  $	-	
11/01/28	$	520,000.00	5.50%	$	-	$	14,300.00  $	79,975.00	
05/01/29	$	520,000.00	5.50%	$	55,000.00	$	14,300.00  $	-	
11/01/29	$	465,000.00	5.50%	$	-	$	12,787.50  $	82,087.50	
05/01/30	$	465,000.00	5.50%	$	55,000.00	$	12,787.50  $	-	
11/01/30	$	410,000.00	5.50%	$	-	$	11,275.00  $	79,062.50	
05/01/31	$	410,000.00	5.50%	$	60,000.00	$	11,275.00  $	-	
11/01/31	$	350,000.00	5.50%	$	-	$	9,625.00  $	80,900.00	
05/01/32	$	350,000.00	5.50%	$	60,000.00  $	9,625.00  $	-	
11/01/32	$	290,000.00	5.50%	$	-	$	7,975.00  $	77,600.00	
05/01/33	$	290,000.00	5.50%	$	65,000.00  $	7,975.00  $	-	
11/01/33	$	225,000.00	5.50%	$	-	$	6,187.50  $	79,162.50	
05/01/34	$	225,000.00	5.50%	$	70,000.00  $	6,187.50  $	-	
11/01/34	$	155,000.00	5.50%	$	-	$	4,262.50  $	80,450.00	
05/01/35	$	155,000.00	5.50%	$	75,000.00  $	4,262.50  $	-	
11/01/35	$	80,000.00	5.50%	$	-	$	2,200.00  $	81,462.50	
05/01/36	$	80,000.00	5.50%	$	80,000.00  $	2,200.00  $	-	
						$	82,200.00	
				$	660,000.00  $	220,550.00  $	880,550.00	

Highland Meadows
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	
O&M Units	Bonds Units Series 2006A	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
Gross		
FY2027	
FY2026	Increase/ (decrease)	
FY2027	
FY2026	Increase/ (decrease)	
FY2027	
FY2026	Increase/ (decrease)	

Single Family	

222	

96	

$1,269.64	

$1,269.64	

$0.00	

$920.70	

$975.00	

-$54.30	

$2,190.34	

$2,244.64	

-$54.30	
Total	222	96										
Net		
FY2027	
FY2026	Increase/ (decrease)	
FY2027	
FY2026	Increase/ (decrease)	
FY2027	
FY2026	Increase/ (decrease)	

Single Family	

222	

96	

$1,193.46	

$1,193.46	

$0.00	

$856.25	

$916.50	

-$60.25	

$2,049.71	

$2,109.96	

-$60.25	
Total	222	96										

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RESOLUTION 2026-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT IMPLEMENTING SECTION 190.006(3)(a)2.c., FLORIDA STATUTES AND INSTRUCTING THE POLK COUNTY SUPERVISOR OF ELECTIONS TO CONDUCT THE DISTRICT’S GENERAL ELECTION; PROVIDING FOR COMPENSATION; SETTING FORTH THE TERMS OF OFFICE; RATIFYING THE ACTION OF THE DISTRICT MANAGER TO NOTICE THE QUALIFYING PERIOD; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Highland Meadows Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Davenport, Florida; and
WHEREAS, the Board of Supervisors of the District (“Board”) seeks to implement Section 190.006(3)(a)2.c., Florida Statutes, and to instruct the Supervisor of Elections for Polk County, Florida (“Supervisor of Elections”), to conduct the District’s elections by the qualified electors of the District at the 2026 general election (“General Election”).

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

CURRENT BOARD MEMBERS. The Board is currently made up of the following individuals, seats and terms:
Seat Number	Supervisor	Term Expiration Date
Kevin Serrano	November 2026
Jason Munoz	November 2026
Eric Chenowith	November 2028
Cindy Chenowith	November 2028
Headley Oliver	November 2028

GENERAL ELECTION SEATS. Seat 1 and Seat 2 with terms expiring in November 2026 are scheduled for the General Election in November 2026. The District Manager is hereby authorized to notify the Supervisor of Elections of the seats subject to General Election for the current election year, and for each subsequent election year.

QUALIFICATION PROCESS. For each General Election, all candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be a qualified elector 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 Polk County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.

COMPENSATION. Each member of the Board is entitled to receive $200 per meeting for their attendance; up to a maximum of $4,800 per year.

TERM OF OFFICE. The term of office for the individuals to be elected to the Board in the General Election is four (4) years. The newly elected Board members shall assume office on the second Tuesday following the election.
REQUEST TO SUPERVISOR OF ELECTIONS. The District hereby requests that the Supervisor of Elections conduct the District’s General Election in November 2026, and for each subsequent General Election unless otherwise directed by the District Manager. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor of Elections.

PUBLICATION. The Board hereby ratifies the actions of the District Manager taken to publish a notice of the qualifying period for each General Election, in a form substantially similar to Exhibit A attached hereto.

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.
EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 9th day of June 2026.

ATTEST:

HIGHLAND MEADOWS
COMMUNITY DEVELOPMENT DISTRICT

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

Exhibit A: Sample Notice of Qualifying Period

EXHIBIT A
SAMPLE NOTICE OF QUALIFYING PERIOD

NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS OF THE
HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given that the qualifying period for candidates for the office of Supervisor of the Highland Meadows Community Development District will commence at noon on Monday, June 8, 2026, and close at noon on Friday, June 12, 2026. Candidates must qualify for the office of Supervisor with the Polk County Supervisor of Elections located at 250 S. Broadway Avenue, Bartow, Florida 33830. The Supervisor of Elections may be contacted by phone at (863) 534-5888. All candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be a “qualified elector” of the District, as defined in Section 190.003, Florida Statutes. 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 Polk County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.

The Highland Meadows Community Development District has two (2) seats up for election, specifically Seats 1 and 2. Each seat carries a four (4)-year term of office. Elections are non-partisan and will be held at the same time as the general election on November 3, 2026, and in the manner prescribed by law for general elections.

For additional information, please contact the Polk County Supervisor of Elections. Publish on or before 	, 2026*
*Note to District Manager – Deadline is at least two weeks before the start of the qualifying period.

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RESOLUTION 2026-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT AMENDING RESOLUTION 2026-02 TO RE-DESIGNATE THE DATE, TIME AND PLACE OF A PUBLIC HEARING AND AUTHORIZING RE-PUBLICATION OF NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING AMENDED AND RESTATED RULES OF PROCEDURE; AND PROVIDING AN EFFECTIVE DATE.

Whereas, Highland Meadows Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Davenport, Polk County, Florida; and

Whereas, the Board of Supervisors of the District (the “Board”) is authorized by Section 190.011(5), Florida Statutes, to adopt rules and orders pursuant to Chapter 120, Florida Statutes; and

Whereas, on February 10, 2026, at a duly noticed public meeting, the District’s Board adopted Resolution 2026-02, designating a date, time and place of a public hearing regarding the District’s Amended and Restated Rules of Procedure for Tuesday, April 14, 2026, at 12:30 p.m. at the Lake Alfred Public Library, 245 N. Seminole Avenue, Lake Alfred, Florida 33850; and
Whereas, on the date and time of the scheduled public hearing the Board was unable to meet; and
Whereas, the Board desires to amend Resolution 2026-02 to reschedule the public hearing to August 11, 2026, at 12:30 p.m. at the same location, and to authorize the District Manager to notice the public hearing, with the new date, to be published in accordance with Section 120.54, Florida Statutes.

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

Section 1. Public Hearing Date Reset. Resolution 2026-02 is hereby amended to reflect that the public hearing as declared in Resolution 2026-02 is reset to:
Tuesday, August 11, 2026, at 12:30 p.m. at the Lake Alfred Public Library, 245 N. Seminole Avenue, Lake Alfred, Florida 33850.
The District is directed to publish notice of the hearing in accordance with Section 120.54,
Florida Statutes.

Section 2. Resolution 2026-02 Otherwise Remains in Full Force and Effect.
Except as specifically amended herein, Resolution 2026-02 otherwise remains in full force and effect.

Section 3. Severability. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

Section 4. Effective Date. This Resolution shall take effect upon its passage and adoption by the Board.
Passed and Adopted this 9th day of June 2026.

ATTEST:	HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

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LICENSE AGREEMENT
REGARDING SURFACE CLEANING OF FENCE IMPROVEMENT

THIS LICENSE AGREEMENT (“Agreement”) is made and entered into this      day of
	2026, by and between:

Highland  Meadows  Community  Development  District,	a	local	unit	of
special-purpose government established pursuant to Chapter 190, Florida Statutes, situated entirely within the City of Davenport, Florida, with a mailing address of c/o Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (the “District”); and

DCBC OLSEN COVE LLC, a Florida limited liability company, with a mailing address of 550 Aero Lane, Suite 103, Sanford, Florida 32771 (the “Licensor”, and together with the District, the “Parties”).
RECITALS
Whereas, the District is a special-purpose unit of local government established pursuant to and governed by Chapter 190, Florida Statutes; and

WHEREAS, the Licensor is the owner and/or developer of certain parcels of real property located adjacent to the boundaries of the District, including those identified in Exhibit A attached hereto (the “License Property”); and

WHEREAS, the District desires to clean the surface of one side of the Licensor’s fence improvements located upon the License Property, which side faces District property, in order to keep the fence in a clean, aesthetically pleasing manner to the District in the District’s sole discretion (“Improvements”); and
Whereas, the Licensor is willing to grant a non-exclusive, revocable license to authorize the District to clean the surface of the Improvements in order to keep the Improvements in a clean, aesthetically pleasing manner to the District in the District’s sole discretion; and

Whereas, the District and the Licensor warrant and agree that they have all rights, power, and authority to enter into and be bound by this Agreement.

Now, therefore, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt and sufficiency of which are hereby acknowledged, the District and the Licensor agree as follows:

Incorporation Of Recitals. The Recitals stated above are true and correct and are incorporated herein as a material part of this Agreement.

Grant of License and Conditions on the License. The Licensor hereby
grants to the District a limited, non-exclusive license over, across, and around the License Property

for the sole purpose of surface cleaning the Improvements (“License”). The License includes rights of ingress and egress, as may be reasonably necessary for the District and its staff, employees and contractors to access the License Property to facilitate such services as the District deems necessary to perform surface cleaning of the Improvements in order to keep the Improvements in a clean and aesthetically pleasing manner. In consideration of said use of the License Property, the District agrees to the following conditions:

The District’s use of the License Property shall be for the sole purpose of performing surface cleaning of the Improvements as the District deems necessary in order to keep the Improvements in a clean and aesthetically pleasing manner and reasonable ingress and egress thereto.

The District shall not be responsible for the installation of the Improvements or any damage, removal, or other incidentals associated with the maintenance of the Improvements. The District shall not be responsible for returning the License Property to its original condition upon the Licensor’s removal of the Improvements. Moreover, nothing herein shall be construed so as to require or obligate the District to maintain, repair, or replace the Improvements in any way.

Any work performed by or on behalf of the District pursuant to this License shall be performed in accordance with all applicable governmental standards and regulations and performed in a good and workmanlike manner. The grant of this License is conditioned on the Parties’ compliance at all times with applicable laws, statutes, ordinances, codes, rules, regulations, and requirements of federal, state, county, city and municipal government, and any and all of their departments and bureaus, and all applicable permits and approvals.
The Licensor reserves all rights and privileges in and to the Licensor’s property, including the License Property. The Licensor or its duly authorized agents have the right at any and all times to enter and inspect the License Property for compliance with the provisions of this Agreement. This License for the License Property is granted to the District in its “as is” condition and without any warranty or representation, express or implied. No other use of, or access to, the Licensor’s property is permitted without prior written consent of the Licensor.

The District shall, at the District’s expense, perform surface cleaning of the Improvements as the District deems necessary in order to keep the Improvements in a clean and aesthetically pleasing manner in compliance with all applicable laws, rules, codes, ordinances and covenants. Maintenance of the Improvements shall be done at the District’s sole expense. In the event District contractor(s) cause damage to the Improvements in the performance of its duties and upon reasonable request by the Licensor, the District agrees to provide the Licensor with contact information for the identified contractor(s) that is in the District’s possession at the time of request.

The District shall use all due care to protect the License Property and adjoining property from damage resulting from the party’s use of the License Property. In the event the District, or its respective agents, assignees, contractors (or their subcontractors, employees, or materialmen) or representatives cause damage to the License Property or to adjacent property or improvements in the exercise of the License granted herein, the Licensor agrees the District shall not be responsible for the restoration of the same and the improvements so damaged.

Revocation, Suspension and Termination. The District and the Licensor acknowledge and agree that the License granted herein is a mere privilege and may be suspended, terminated or revoked immediately upon written notice, with or without cause, by either party. The Licensor shall not be entitled to any compensation, off sets, incidental costs, or any other payment under this Agreement, and specifically, the Licensor shall not be entitled to any payment of damages whatsoever for termination, suspension, or revocation of the License by the District, as this grant of License is a mere privilege and not a right.

Limitations of Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of the District’s sovereign immunity or the District’s limits of liability as set forth in section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under such limitations of liability or by operation of law.

Default; Enforcement of Agreement. In the event the Licensor shall fail to perform any covenant, term, or provision of this Agreement, then the District shall have the right to immediately terminate this Agreement. In the event either party to this Agreement is required to enforce this Agreement by court proceedings or otherwise, the prevailing party shall be entitled to recover from the other party all fees and costs incurred, including reasonable attorneys’ fees and costs. This Agreement and the provisions contained in this Agreement shall be construed, interpreted, and controlled according to the laws of the State of Florida. The Parties agree that venue for any dispute arising hereunder shall be in a court of jurisdiction in Polk County, Florida.
Miscellaneous.

Entire Agreement. This instrument shall constitute the final and complete expression of the agreement between the Parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both Parties.

Assignment. Neither the District nor the Licensor may assign their rights, duties, or obligations under this Agreement without the prior written approval of the other. Any purported assignment without said written authorization shall be void.

Notices. All notices, requests, consents, and other communications hereunder (“Notices”) shall be in writing and shall be delivered, mailed by First Class Mail,

postage prepaid, or overnight delivery service, to the Parties at the addresses listed herein. Except as otherwise provided in this Agreement, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel for the Licensor may deliver Notice on behalf of the District and the Licensor. Any party or other person to whom Notices are to be sent or copied may notify the other Parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days written notice to the Parties and addressees set forth herein.

Severability. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of the remaining portions of this Agreement, or any part of this Agreement not held to be invalid or unenforceable.

Public Records. The Licensor understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, the Licensor agrees to comply with all applicable provisions of Florida law in handling such records, including, but not limited to, section 119.0701, Florida Statutes.

Arm’s Length Negotiation. This Agreement has been negotiated fully among the Parties as an arm’s length transaction. The Parties participated fully in the preparation of this Agreement and received, or had the opportunity to receive, the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the Parties are deemed to have drafted, chosen and selected the language and any doubtful language will not be interpreted or construed against any party.
Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of each party, each party has complied with all the requirements of law and each party has full power and authority to comply with the terms and conditions of this Agreement.
Headings for Convenience Only. The descriptive headings in this Agreement are for convenience only and shall not control nor affect the meaning or construction of any provision.

Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute but one and the same instrument.

Anti-Human Trafficking Requirements. The Licensor certifies, by acceptance of this Agreement, that neither it nor its principals utilize coercion for labor or services as

defined in section 787.06, Florida Statutes. If required by law, the Licensor agrees to execute the affidavit, in a form acceptable to the District, in compliance with section 787.06(14), Florida Statutes.

In witness whereof, the Parties caused this Agreement to be executed, effective as of the day and year first written above.

HIGHLAND MEADOWS
COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

DCBC OLSEN COVE, LLC

By: 	 Its: 		

Exhibit A:	License Property

Exhibit A
License Property

The License Property includes the Licensor-owned and maintained property that is located adjacent to the Improvements, the location of which is circled in red in the image below, along with any Licensor-owned property which is necessary to use for ingress and egress to and from the Improvements.

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HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT
CITY OF DAVENPORT, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, 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	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	23	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

24-25	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

26	
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
27-28	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Highland Meadows Community Development District City of Davenport, 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 Highland Meadows Community Development District, City of Davenport, 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 May 4, 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.

May 4, 2026

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Highland Meadows Community Development District, City of Davenport, 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 assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $6,079,693.

The change in the District’s total net position in comparison with the prior fiscal year was ($37,292), 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
$201,431, an increase of $15,333 in comparison with the prior year. A portion of fund balance is restricted for debt service, non-spendable for deposits, assigned to capital reserves, 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 is 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 distinguish functions of the District that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and physical environment 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 balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two 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, and debt service fund, both of which are considered to be major funds.

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

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS

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

	NET POSITION SEPTEMBER 30,		
		2025	2024	
Current and other assets	$	211,590	$	196,872	
Capital assets, net		6,563,616	6,687,845	
Total assets		6,775,206	6,884,717	
Current liabilities		25,513	27,732	
Long-term liabilities		670,000	740,000	
Total liabilities		695,513	767,732	
Net position				
Net investment in capital assets	5,893,616	5,947,845	
Restricted for debt service	71,739	85,739	
Unrestricted	114,338	83,401	
Total net position	$	6,079,693	$	6,116,985	
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	$	354,659	$	292,000	
Operating grants and contributions	4,551	5,388	
General revenues	
Miscellaneous revenue	634	30,102	
Investment earnings	1,960	130	
Total revenues	361,804	327,620	
Expenses:	
General government	105,372	109,394	
Physical environment	254,628	232,744	
Interest on long-term debt	39,096	42,052	
Total expenses	399,096	384,190	
Change in net position	(37,292)	(56,570)	
Net position - beginning	6,116,985	6,173,555	
Net position - ending	$	6,079,693	$	6,116,985	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025 was $399,096. The costs of the District’s activities were primarily funded by program revenues. As in the prior fiscal year, program revenues are comprised primarily of assessments. In total, expenses, including depreciation, increased slightly from the prior fiscal year, the majority of the increase was the result of an increase in professional services including the landscape maintenance and repairs.
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. The general fund budget for the fiscal year ended September 30, 2025 was amended to increase revenues by $4,326 and increase appropriations by $4,326.

CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
At September 30, 2025, the District had $8,846,015 invested in capital assets for its governmental activities. In the government-wide financial statements, depreciation of $2,282,399 has been taken, which resulted in a net book value of $6,563,616. More detailed information about the District’s capital assets is presented in the notes to the financial statements.
Capital Debt
At September 30, 2025, the District had $670,000 in Bonds outstanding for its governmental activities. More detailed information about the District’s debt is presented in the accompanying notes to the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District does not anticipate any major changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is expected that the general operations of the District will remain fairly constant.
CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide landowners, 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 Highland Meadows Community Development District Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida 33351.

FINANCIAL STATEMENTS

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2025

	Governmental
	Activities		
ASSETS		
Cash and equivalents	$	122,687	
Deposits	1,810	
Restricted assets:		
Investments	87,093	
Capital assets		
Non-depreciable assets	5,680,071	
Depreciable assets, net		883,545 	
Total assets		6,775,206 	
LIABILITIES		
Accounts payable and accrued expenses	10,159	
Accrued interest payable	15,354	
Non-current liabilities:		
Due within one year	45,000	
Due in more than one year		625,000 	
Total liabilities		695,513 	
NET POSITION		
Net investment in capital assets	5,893,616	
Restricted for debt service	71,739	
Unrestricted		114,338 	
Total net position	 $ 6,079,693 	

See notes to the financial statements

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Program Revenues

Net (Expense) Revenue and Changes in Net Position

Functions/Programs	

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

$	105,372	

$	105,372	

$	-	

$	-	
Physical environment	254,628	158,742	-	(95,886)	
Interest on long-term debt	39,096	90,545	4,551	56,000	
Total governmental activities	399,096	354,659	4,551	(39,886)	

General revenues:
Unrestricted investment earnings	1,960	
Miscellaneous revenue		634 	
Total general revenues		2,594 	
Change in net position	(37,292)	
Net position - beginning		6,116,985 	
Net position - ending	 $	6,079,693 	

See notes to the financial statements

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
BALANCE SHEET - GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds	
Debt

Total Governmental

ASSETS

General

Service

Funds

Cash and equivalents	$  122,687	$	-	$	122,687	
Investments	-	87,093	87,093	
Deposits	1,810	-	1,810	
Total assets	124,497	87,093	211,590	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	10,159	$	-	$	10,159	
Total liabilities	10,159	-	10,159	

Fund balances:
Nonspendable:
Deposits	1,810	-	1,810	
Restricted for:				
Debt service	-	87,093	87,093	
Assigned to:	
Capital reserves	72,974	-	72,974	
Unassigned	39,554	-	39,554	
Total fund balances	114,338	87,093	201,431	

Total liabilities and fund balances	
$  124,497	
$	87,093	
$	211,590	

See notes to the financial statements

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
RECONCILIATION OF THE BALANCE SHEET-GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2025

Fund balance - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets	8,846,015

$	201,431

Accumulated depreciation		(2,282,399) 	6,563,616
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(15,354)	
Bonds payable		(670,000)	(685,354) 	
Net position of governmental activities	 $ 6,079,693 	

See notes to the financial statements

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds	
Debt

Total Governmental

	General	Service	Funds	
REVENUES
Assessments	
$	264,114	
$	90,545	
$	354,659	
Miscellaneous income	634	-	634	
Interest income	1,960	4,551	6,511	
Total revenues	266,708	95,096	361,804	

EXPENDITURES
Current:
General government	105,372	-	105,372	
Physical environment	130,399	-	130,399	
Debt service:
Principal	
-	
70,000	
70,000	
Interest	-	40,700	40,700	
Total expenditures	235,771	110,700	346,471	

Excess (deficiency) of revenues over (under) expenditures	

30,937	

(15,604)	

15,333	
Fund balances - beginning	83,401	102,697	186,098	

Fund balances - ending	
$	114,338	
$	87,093	
$	201,431	

See notes to the financial statements

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net change in fund balances - total governmental funds	$
Amounts reported for governmental activities in the statement of activities are different because:

15,333

Depreciation of capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities.	
(124,229)	
Repayments of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

70,000	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.	

	1,604 	
Change in net position of governmental activities	 $	(37,292) 	

See notes to the financial statements

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Highland Meadows Community Development District (the "District") was created by City of Davenport Ordinance 573 enacted on April 10, 2006, as amended, 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 on an at large basis by qualified electors that reside within the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation

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

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

Assessments
Assessments, including debt service assessments and operations and maintenance assessments, are non-ad valorem assessments imposed on benefited property within the District. Assessments are certified for collection by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. Operation and maintenance special assessments are imposed upon all benefitted lands in the District. Debt service special assessments are imposed upon certain lots and lands described in each resolution imposing the special assessment for each series of Bonds issued by the District.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only 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.
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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

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

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

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

Inventories and Prepaid Items
Inventories in governmental funds are recorded as expenditures when consumed rather than when purchased.
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	
Stormwater system Roadways
Infrastructure - Sidewalks	35
20
15	
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized 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 established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.
The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

NOTE 3 – BUDGETARY INFORMATION

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

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year, the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
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.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer, except for the balances in the debt service fund. 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:
Weighted Average

First American Treasury Oblig		
Fd CL Y	 $	87,093 	S&P AAAm	
Total Investments	 $	87,093 		

 Amortized Cost	Credit Risk	Maturities	

48 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.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

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

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

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

NOTE 5 – CAPITAL ASSETS

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

Beginning Balance

Additions	Disposals

Ending Balance

Governmental activities
Capital assets, not being depreciated		
Land and land improvements	$	5,680,071	$	-	$	-	$	5,680,071	
Total capital assets, not being depreciated	5,680,071	-	-	5,680,071	

Capital assets, being depreciated Stormwater system	

1,595,627	

-	

-	

1,595,627	
Roadways	988,700	-	-	988,700	
Infrastructure	581,617	-	-	581,617	
Total capital assets, being depreciated	3,165,944	-	-	3,165,944	

Less accumulated depreciation for: Stormwater system	

816,807	

45,589	

-	

862,396	
Roadways	877,471	49,435	-	926,906	
Infrastructure	463,892	29,205	-	493,097	
Total accumulated depreciation	2,158,170	124,229	-	2,282,399	

Total capital assets, being depreciated, net	
1,007,774	
(124,229)	
-	883,545	

Governmental activities capital assets, net	
$	6,687,845	
$	(124,229)	
$	-	$	6,563,616	
Depreciation expense was charged to the physical environment function.

NOTE 6 – LONG-TERM LIABILITIES

Series 2006A
On August 11, 2006, the District issued $2,945,000 of Special Assessment Bonds Series 2006A with a fixed interest rate of 5.5%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is paid semiannually on each May 1 and November 1. Principal on the bonds is payable annually, commencing May 1, 2007 through May 1, 2036.

The Series 2006A 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 Indenture. This occurred during the current fiscal year as the District prepaid $25,000 of the Series 2006A Bonds. See Note 9 - Subsequent Events for additional call amounts subsequent to the fiscal year end.

The Bond Indenture has certain 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 agreed to 1) levy special assessments in annual installments adequate to provide payment of debt service and 2) to meet the reserve requirements. Payment of the principal and interest on the Series 2006A Bonds is secured by a pledge of and first lien upon the pledged special assessment revenue. The District is in compliance with these requirements at September 30, 2025.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2025 were as follows:

Governmental activities Bonds payable:
Series 2006A Total

Beginning Balance

Additions	Reductions

Ending Balance

Due Within One Year

$	740,000	$	-	$	70,000	$	670,000	$	45,000	
$	740,000	$	-	$	70,000	$	670,000	$	45,000	

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

Year ending September 30:

Governmental Activities

Principal	Interest	Total

2026	$	45,000	$	36,850	$	81,850	
2027	50,000	34,375	84,375	
2028	50,000	31,625	81,625	
2029	55,000	28,875	83,875	
2030	55,000	25,850	80,850	
2031-2035	335,000	79,200	414,200	
2036	80,000	4,400	84,400	
Total	$	670,000	$	241,175	$	911,175	

NOTE 7 – MANAGEMENT COMPANY
The District has contracted with a management company to perform management services, which include financial and accounting services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 8 – 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; natural disasters; and environmental remediation. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. The District has not filed any claims under this commercial insurance coverage during the last three years.

NOTE 9 – SUBSEQUENT EVENTS

Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $10,000 of the Series 2006A Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
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	$	262,129	$	264,114	$	264,114	$	-	
Miscellaneous income	-	634	634	-	
Interest income	-	1,707	1,960	253	
Total revenues	262,129	266,455	266,708	253	

EXPENDITURES
Current:
General government	99,065	98,990	105,372	(6,382)	
Physical environment	163,064	167,465	130,399	37,066	
Total expenditures	262,129	266,455	235,771	30,684	

Excess (deficiency) of revenues over (under) expenditures	

 $	-	$	-		

30,937	

 $	30,937 	
Fund balance - beginning			83,401 		
Fund balance - ending		 $	114,338 		

See notes to required supplementary information

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).
The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025 was amended to increase revenues by $4,326 and increase appropriations by $4,326.

HIGHLAND MEADOWS COMMUNITY DEVELOPMENT DISTRICT CITY OF DAVENPORT, FLORIDA
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.	
0	
Employee compensation	Not applicable	
Independent contractor compensation	$0	
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 - $1,269.64
Debt service - $975.00	
Special assessments collected	$354,659	
Outstanding Bonds:		
Series 2006, due May 1, 2036	$670,000	

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
Highland Meadows Community Development District City of Davenport, 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 Highland Meadows Community Development District, City of Davenport, 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 report thereon dated May 4, 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.

May 4, 2026

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

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Highland Meadows Community Development District City of Davenport, Florida

We have examined Highland Meadows Community Development District, City of Davenport, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on 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 Highland Meadows Community Development District, City of Davenport, Florida, and is not intended to be and should not be used by anyone other than these specified parties.

May 4, 2026

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

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Highland Meadows Community Development District City of Davenport, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Highland Meadows Community Development District ("District") as of and for the fiscal year ended September 30, 2025 and have issued our report thereon dated May 4, 2026.

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

Other Reporting Requirements
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 4, 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 of 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 Highland Meadows Community Development District, City of Davenport, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Highland Meadows Community Development District, City of Davenport, 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.

May 4, 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 as of September 30, 2025. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

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

!!"#$%& 9

Headquarters
200 South F Street

(863) 422-5207
www.princeandsonsinc.com

Haines City, Florida 33844

Tampa
9513 US 92 East
Tampa, Florida 33610

Orlando
14645 Boggy Creek Rd Orlando, Florida 32824

Valued Customer,

Our family-owned company at Prince & Sons thanks you for the business in servicing your property’s landscaping. We are unable to continue to absorb excessive increase in the cost of fuel to our company. We do everything we can to conserve fuel and buy in bulk to keep our prices down however the increases to gas and diesel have resulted in a direct 3% increase to our hard costs that we need to pass along to our customers. We hope this is not a long-term problem so we want to have in place a clear invoicing process that can be tracked. Effective immediately we are sending a separate 3% fuel charge invoice to help offset this expense. The below increase will be invoiced:
Average gas price of >=$4/gallon we will have a 3% increase Average gas price of $3.50-$3.99/gallon we will have a 2% increase Average gas price <$3.49/gallon the fuel service charge will end
BASED ON STATE AVERAGE
ONLY APPLIES TO CONTRACTED “ESSENTIAL SERVICES”
FUEL SERVICE CHARGE APPLIES THROUGH SEPTEMBER IF PRICES WARRANT
FY 2027 CHARGES WOULD NEED TO BE APPROVED FOR BUDGET

We thank you for your understanding with this. Please do not hesitate to contact your manager if you have any questions.

Warmest Regards,

Lucas Dean Martin Vice President

Phone: 863-422-5207 Office

!!"#$%& 10

!!"#$%& "

This item will be provided under separate cover

!!"#$%& i

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: 4.1.2026			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
345 W Central
Orlando,Fl 32801 Joel Blanco Phone:786.238.9473
Email: jblanco@gmscfl.com		Highland Meadows CDD
Haines City, FL 33884	
Replace dead plant material	
	Qty	Unit	Unit Cost	TOTAL	
Arbicola trinettes	225	3g	$20.00	$4,500.00	
Dw. Ixora	54	3g	$20.00	$1,080.00	
Oyster plants	190	1g	$10.00	$1,900.00	
Robellini Palm triple	3	45g	$812.50	$2,437.50	
Mammey Crotons	24	3g	$20.00	$480.00	
Pine Bark Mulch	11	yds	$60.00	$660.00	
			total	$11,057.50	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Mark Stripling	Accepted by:	
Date Submitted  4.1.2026	Date Accepted: 		

!!"#$%& ii

!!"#$%& a)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: April 3, 2026			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
219 E Livingston St. Orlando, FL 32801 Joel Blanco
Phone: (407)-841-5524
Email: jblanco@gmscfl.com		Highland Meadows 1

Pond 1	
PROPOSAL TO RIP AND REPLACE SOD NEAR ENTRANCE SIGNS	
	Qty	Unit	Unit Cost	TOTAL	
Bahia Sod	2	Plts	$400.00	$	800.00	
Fill Dirt	1	CY	$65.00	$65.00	
			TOTAL	$865.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: April 3, 2026	Date Accepted: 		

!!"#$%& b)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: April 3, 2026			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
219 E Livingston St. Orlando, FL 32801 Joel Blanco
Phone: (407)-841-5524
Email: jblanco@gmscfl.com		Highland Meadows 1

Pond 2	
PROPOSAL TO RIP AND REPLACE SOD NEAR ENTRANCE SIGNS	
	Qty	Unit	Unit Cost	TOTAL	
Bahia Sod	2	Plts	$400.00	$	800.00	
			TOTAL	$800.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: April 3, 2026	Date Accepted: 		

!!"#$%& c)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: April 3, 2026			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
219 E Livingston St. Orlando, FL 32801 Joel Blanco
Phone: (407)-841-5524
Email: jblanco@gmscfl.com		Highland Meadows 1

Pond 3	
PROPOSAL TO RIP AND REPLACE SOD NEAR ENTRANCE SIGNS	
	Qty	Unit	Unit Cost	TOTAL	
Bahia Sod	1	Plts	$400.00	$	400.00	
			TOTAL	$400.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: April 3, 2026	Date Accepted: 		

!!"#$%& d)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: April 3, 2026			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
219 E Livingston St. Orlando, FL 32801 Joel Blanco
Phone: (407)-841-5524
Email: jblanco@gmscfl.com		Highland Meadows 1

Pond 4	
PROPOSAL TO RIP AND REPLACE SOD NEAR ENTRANCE SIGNS	
	Qty	Unit	Unit Cost	TOTAL	
Fill Dirt	2	CY	$65.00	$	130.00	
Bahia Sod	2	Plts	$400.00	$	800.00	
			TOTAL	$930.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: April 3, 2026	Date Accepted: 		

!!"#$%& e)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: April 3, 2026			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
219 E Livingston St. Orlando, FL 32801 Joel Blanco
Phone: (407)-841-5524
Email: jblanco@gmscfl.com		Highland Meadows 1

Pond 5	
PROPOSAL TO RIP AND REPLACE SOD NEAR ENTRANCE SIGNS	
	Qty	Unit	Unit Cost	TOTAL	
Bahia Sod	2	Plts	$400.00	$	800.00	
			TOTAL	$800.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: April 3, 2026	Date Accepted: 		

!!"#$%& "

!!"#$%& i

Highland Meadows CDD Action Items
June 2026	
Date Assigned	Item	Entity or Person(s) Responsible	Status	
11.17.2023	Identify construction plan for boundary property in the vicinity of Highland Meadows Place cul de sac	District Engineer Rey Malave and Chace Arrington	Depending on the construction plans, a proposal for a vegetated/landscape border may be presented at a future meeting (the vegetated border would be a Field Management issue).
Field staff providing photographs of nearby community and white vinyl fence for Board review 08.12.2025.
Engineer provided landscape plans for BOS review – sent to BOS 11.06.2025
Fence maintenance agreement to be considered at future meeting.	
11.17.2023	Ethics Training	Board Members	Ongoing - Calendar year 2026 Workshops scheduled via Zoom June 8, 2026, from 9 to 11 am	
11.17.2023	Send CDD Meeting Notice to HOA Manager	District Management/Recording Secretary	Ongoing - for electronic mail distribution to promote attendance at CDD Board Meetings.	
05.03.2024	Update rough costs for milling and resurfacing roads	District Engineer Rey Malave and Chace Arrington	Estimated $630,000.	
08.23.2024	Review roadway at Highland Meadows Ct.	Engineer Chace Arrington and Field Manager Joel Blanco	Dip in road is being monitored. Seems stable.	
11.04.2025	Inspect area, make recommendation and report regarding erosion on north side of bridge	Cole Landau/Rey Malave	Report to BOS by January 1, 2026. FLG Service Group Proposal for erosion repairs approved 02.10.2026. Engineer approved payment for completed work 05.01.2026. Completed.	
11.04.2025	Holiday Lights	Joel Blanco	Provide options to BOS for FY2027 Budget.	
02.10.2026	Landscape proposals for erosion repair	Joel Blanco	Provide proposals for erosion remediation throughout District.	

!!"#$%& ii

Highland Meadows
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2026
Check Register

Date	check #'s		Amount		

1/1-1/31	
100243-100246			
$11,840.64	
2/1-2/28	100247-100252			$11,409.44	
3/1-3/31	100253-100255			$10,321.83	
4/1-4/30	100256-100260			$8,949.80	
	TOTAL	$		42,521.71	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/29/26	PAGE	1
*** CHECK DATES 01/01/2026 - 04/30/2026 ***	HIGHLAND MEADOWS - GENERAL
BANK A HIGHLAND MEADOWS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

DEC 25	- ENGINEERING SVCS	DEWBERRY	ENGINEERS	INC.	355.25	100243	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - -	- - - - -	- - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
82	202511 320-53800-49000	*	1,409.50	
RP DMGD	CURB MOUNT	
83	202601 320-53800-34000	*	643.75	
JAN	26	- FIELD MGMT	
84	202601 310-51300-34000	*	2,916.67	
JAN	26	- MGMT FEES	
84	202601 310-51300-49500	*	100.00	
JAN	26	- WEBSITE ADMIN	
84	202601 310-51300-35100	*	150.00	
JAN	26	- IT	
84	202601 310-51300-31300	*	200.00	
JAN	26	- DISSEMINATION	

1/21/26 00009	1/19/26 22476753 202512 310-51300-31100	*	355.25

1/21/26 00001	11/30/25	
	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	
	1/01/26	
GMS - CENTRAL FLORIDA, LLC	5,419.92 100244
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/26 00003	1/13/26 14032	202512 310-51300-31500	*	482.00
DEC 25 - GENERAL COUNSEL
KILINSKI VAN WYK, PLLC	482.00 100245
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/21/26 00028 12/15/25 21488	202512 320-53800-46400	*	2,640.00
ADD PINE BARK MULCH WALL
12/31/25 21601	202512 320-53800-46500	*	283.47
IRRIGATION REPAIRS
1/01/26 21723	202601 320-53800-46200	*	2,660.00
JAN 26 - LANDSCAPE MAINT
PRINCE & SONS INC.	5,583.47 100246
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/26 00009	2/19/26 22480237 202601 310-51300-31100	*	187.50
JAN 26 - ENGINEERING SVCS
DEWBERRY ENGINEERS INC.	187.50 100247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/26 00025	1/31/26 7550514	202601 310-51300-48000	*	418.73
NOT OF REG & WRKSHP MTGS
GANNETT FLORIDA LOCALIQ	418.73 100248
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/26 00001	2/01/26 85	202602 320-53800-34000	*	643.75
FEB 26 - FIELD MGMT
2/01/26 86	202602 310-51300-34000	*	2,916.67
FEB 26 - MGMT FEES
2/01/26 86	202602 310-51300-49500	*	100.00
FEB 26 - WEBSITE ADMIN
2/01/26 86	202602 310-51300-35100	*	150.00
FEB 26 - IT
HLMD HIGHLAND MEADO PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/29/26	PAGE	2
*** CHECK DATES 01/01/2026 - 04/30/2026 ***	HIGHLAND MEADOWS - GENERAL
BANK A HIGHLAND MEADOWS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
2/01/26 86	202602 310-51300-31300	*	200.00
FEB 26 - DISSEMINATION
GMS - CENTRAL FLORIDA, LLC	4,010.42 100249
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/26 00010	2/02/26 28605	202602 310-51300-32200	*	3,300.00
AUDIT FYE 09302025
GRAU AND ASSOCIATES	3,300.00 100250
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/26 00003	2/19/26 14196	202601 310-51300-31500	*	603.00
JAN 26 - GENERAL COUNSEL
KILINSKI VAN WYK, PLLC	603.00 100251
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/25/26 00028	1/26/26 22002	202601 320-53800-46500	*	229.79
IRRIGATION REPAIRS
2/01/26 22126	202602 320-53800-46200	*	2,660.00
FEB 26 - LANDSCAPE MAINT

-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	
	*						643.75	
	*						2,916.67	

PRINCE & SONS INC.	2,889.79 100252

3/31/26 00001	3/01/26	
	3/01/26	
	3/01/26	
	3/01/26	
	3/01/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
87	202603 320-53800-34000
MAR 26 - FIELD MGMT
88	202603 310-51300-34000
MAR 26 - MGMT FEES
88	202603 310-51300-49500
MAR 26 - WEBSITE ADMIN
88	202603 310-51300-35100
MAR 26 - IT
88	202603 310-51300-31300

	*					100.00	
	*					150.00	

-	

-	

-	

-	

-	*

- - -	

-	

-	

-	

-	200.00

- - - - - -	

MAR 26 - DISSEMINATION

- - - - - - - -

GMS - CENTRAL FLORIDA, LLC	4,010.42 100253

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00003	3/19/26 14503	202602 310-51300-31500	*	3,521.00
FEB 26 - GENERAL COUNSEL

- - - - - - - -

KILINSKI VAN WYK, PLLC	3,521.00 100254
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00028	2/23/26 22621	202602 320-53800-46500	*	130.41
IRRIGATION REPAIRS
3/01/26 22509	202603 320-53800-46200	*	2,660.00

- - - - - - - - 4/17/26 00001	- - - - - - - 4/01/26 89
APR	PRINCE & SONS INC.
- - - - - - - - - - - - - - - - - - - - - - - - -
202604 320-53800-34000		-	-	-	-	-	-	- -
*	-	-	-	-	-	- - - - -	2,790.41
- - - - -	100255
- - -	
	4/01/26 90	202604 310-51300-34000								*						2,916.67			
	APR	26 - MGMT FEES																	
	4/01/26 90	202604 310-51300-49500								*						100.00			
	APR	26 - WEBSITE ADMIN
HLMD HIGHLAND MEADO PPOWERS																	

MAR 26 - LANDSCAPE MAINT

26 - FIELD MGMT

643.75

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/29/26	PAGE	3
*** CHECK DATES 01/01/2026 - 04/30/2026 ***	HIGHLAND MEADOWS - GENERAL
BANK A HIGHLAND MEADOWS GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	4/01/26 90	202604 310-51300-35100								*						150.00		
	APR 26 - IT
4/01/26 90	202604 310-51300-31300								*						200.00		
	APR 26 - DISSEMINATION																
	GMS - CENTRAL FLORIDA,	LLC														4,010.42	100256	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/17/26 00026	4/17/26 04172026 202604 300-20700-10000								*						240.72			
	TRANSFER OF TAX RECEIPTS																	
	HIGHLAND MEADOWS CDD															240.72	100257	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/17/26 00003	4/11/26 14749	202603 310-51300-31500								*						1,057.50			
	MAR 26 - GENERAL COUNSEL																	
	KILINSKI VAN WYK, PLLC															1,057.50	100258	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/17/26 00028	4/01/26 23186	202604 320-53800-46200								*						2,660.00			
	APR 26 - LANDSCAPE MAINT																	
	PRINCE & SONS INC.															2,660.00	100259	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/17/26 00034	3/31/26 7644024	202603 310-51300-48000								*						981.16			
	NOTICE OF RULE DEVELOPMNT																	
	USA TODAY MEDIA CORP.															981.16	100260	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
TOTAL FOR BANK A	42,521.71
TOTAL FOR REGISTER	42,521.71

HLMD HIGHLAND MEADO PPOWERS

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n

Highland Meadows
Community Development District

Unaudited Financial Reporting
April 30, 2026

Table of Contents

1	Balance Sheet

2	General Fund

3	Reserve Fund

4	Debt Service Fund Series 2006

5	Month to Month

6	Long Term Debt Report

7	Assessment Receipt Schedule

Highland Meadows
Community Development District Combined Balance Sheet
April 30, 2026

General Fund

Reserve Fund

Debt Service Fund

Totals Governmental Funds

Assets:
Cash:
Operating Account - Truist

$	184,330	$	-	$

-	$	184,330

Investments:
Money Market Account - Bank United	41,913	50,853	-	92,766	
Series 2006A			-	
Reserve	-	-	46,215	46,215	
Revenue	-	-	99,160	99,160	
Prepayment	-	-	27	27	
General	-	-	-	-	
Due from General Fund	-	22,790	3,747	26,537	
Due from Debt Service	936	-	-	936	
Prepaid Expenses	-	-	-	
Deposits	1,810	-	-	1,810	
Total Assets	$	228,989	$	73,643	$	149,148	$	451,780	
Liabilities:				
Accounts Payable	$	13,438	$	-	$	-	$	13,438	
Due to General Fund	-	-	936	936	
Due to Debt Service	3,747	-	-	3,747	
Due to Reserve	22,790	-	-	22,790	
Total Liabilites	$	39,975	$	-	$	936	$	40,911	
Fund Balance:
Nonspendable: Deposits	

$	1,810	

$	-	$	-	$	1,810	
Restricted for:			
Debt Service - Series	-	-	148,212	148,212	
Unassigned	187,204	73,643	-	260,847	
Total Fund Balances	$	189,014	$	73,643	$	148,212	$	410,869	
					
Total Liabilities & Fund Balance	$	228,989	$	73,643	$	149,148	$	451,780	

Highland Meadows
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/26	Thru 04/30/26	Variance	
Revenues:					
Special Assessments - On Roll	$	262,130	$	262,130	$	259,116	$	(3,014)	
Interest Income	-	-	841	841	
Misc. Income	-	-	942	942	
Total Revenues	$	262,130	$	262,130	$	260,899	$	(1,231)	
Expenditures:					
General & Administrative:					
Supervisor Fees/FICA	$	6,459	$	3,767	$	2,368	$	1,567	
Engineering	10,000	5,833	6,275	(441)	
Attorney	20,000	11,667	9,551	2,116	
Legal Contingency	5,000	2,917	-	2,917	
Annual Audit	3,600	-	3,300	(3,300)	
Assessment Roll Admin	5,000	5,000	5,000	-	
Assessment Fee - County	3,090	-	-	-	
Dissemination Agent	2,400	1,400	1,400	-	
Trustee Fees	4,435	-	-	-	
Management Fees	35,000	20,417	20,417	(0)	
Information Technology	1,800	1,050	1,050	-	
Postage & Delivery	100	58	-	58	
Insurance General Liability	7,690	7,690	6,775	915	
Legal Advertising	3,000	1,750	1,819	(69)	
Other Current Charges	1,000	583	1,289	(706)	
Website Admin	1,200	700	700	-	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	109,949	$	63,007	$	60,118	$	3,058	
Field					
Field Management	$	7,725	$	4,506	$	4,506	$	-	
Electric	900	525	329	196	
Streetlighting	12,275	7,160	6,708	453	
Water	6,500	3,792	3,073	719	
Property Insurance	2,686	2,686	2,457	229	
General Repairs & Maintenance	5,000	2,917	-	2,917	
Landscape Maintenance	32,880	19,180	18,620	560	
Landscape Contingency	9,000	5,250	-	5,250	
Mulch	-	-	2,640	(2,640)	
Irrigation Repairs	2,500	1,458	900	559	
Contingency	12,500	7,292	14,835	(7,544)	
Capital Outlay	-	-	-	-	
Total Field	$	91,966	$	54,766	$	54,067	$	699	
					
Total Expenditure	$	201,915	$	117,773	$	114,185	$	3,757	
					
Excess (Deficiency) of Revenues over Expenditures	$	60,215	$	144,356	$	146,714	$	2,526	
Other Financing Sources/(Uses):					
Transfer In/(Out) - Capital Reserve	$	(60,215)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(60,215)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-	$	144,356	$	146,714	$	2,526	
					
Fund Balance - Beginning	$	-		$	42,300		
					
Fund Balance - Ending	$	-		$	189,014		

Highland Meadows
Community Development District Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/26	Thru 04/30/26	Variance	
Revenues:					
Special Assessments - Reserve	$	-	$	-	$	-	$	-	
Interest Income	-		-	1,020	1,020	
Total Revenues	$	-	$	-	$	1,020	$	1,020	
Expenditures:					
Other Current Charges Capital Outlay	$	-
-	$	-	$	350
-	-	$	(350)
-	
Total Expenditures	$	-	$	-	$	350	$	(350)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	670	$	670	
Other Financing Sources/(Uses):					
Transfer In/(Out)	$	60,215	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	60,215	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	60,215	$	-	$	670	$	670	
					
Fund Balance - Beginning	$	-		$	72,974		
					
Fund Balance - Ending	$	60,215		$	73,643		

Highland Meadows
Community Development District Debt Service Fund Series 2006A
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/26	Thru 04/30/26	Variance	
Revenues:					
Special Assessments - On Roll	$	87,048	$	87,048	$	88,378	$	1,330	
Interest Income	-	-	2,102	2,102	
Total Revenues	$	87,048	$	87,048	$	90,480	$	3,432	

Expenditures:					
Interest Expense - 11/01	$	19,113	$	19,113	$	18,425	$	688	
Interest Expense - 05/01	19,113	-	-	-	
Principal Expense - 05/01	45,000	-	-	-	
Special Call - 11/01	-	-	10,000	(10,000)	
Total Expenditures	$	83,225	$	19,113	$	28,425	$	(9,313)	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,823	$	67,936	$	62,055	$	(5,881)	
					
Net Change in Fund Balance	$	3,823	$	67,936	$	62,055	$	(5,881)	
					
Fund Balance - Beginning	$	43,488		$	86,157		
					
Fund Balance - Ending	$	47,311		$	148,212		

Highland Meadows
Community Development District Month to Month

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

Revenues:															
Special Assessments - On Roll	$	-	$	16,105  $	237,932	$	1,670	$	1,219  $	1,232	$	957	$	-	$	-	$	-	$	-	$	-	$	259,116	
Interest Income	131		122	122	120	109	120	117	-	-	-	-	-	841	
Misc. Income	942		-	-	-	-	-	-	-	-	-	-	-	942	
Total Revenues	$	1,073	$	16,227  $  238,054	$	1,791	$	1,328  $	1,352	$	1,073	$	-	$	-	$	-	$	-	$	-	$  260,899	

Expenditures:							
General & Administrative:							
Supervisor Fees/FICA	$	-	$	1,077  $	-	$	-	$	1,292  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,368	
Engineering	1,010	3,379	355	188	-	405	938	-	-	-	-	-	6,275	
Attorney	1,120	1,818	482	603	3,521	2,007	-	-	-	-	-	-	9,551	
Legal Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Annual Audit	-	-	-	-	3,300	-	-	-	-	-	-	-	3,300	
Assessment Roll Admin	5,000	-	-	-	-	-	-	-	-	-	-	-	5,000	
Assessment Fee - County	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	200	200	200	200	200	200	200	-	-	-	-	-	1,400	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	2,917	2,917	2,917	2,917	2,917	2,917	2,917	-	20,417	
Information Technology	150	150	150	150	150	150	150	-	-	-	-	-	1,050	
Postage & Delivery	-	-	-	-	-	-	-	-	-	-	-	-	-	
Insurance General Liability	6,775	-	-	-	-	-	-	-	-	-	-	-	6,775	
Legal Advertising	419	-	-	-	419	-	981	-	-	-	-	-	1,819	
Other Current Charges	100	100	50	889	50	50	50	-	-	-	-	-	1,289	
Website Admin	100	100	100	100	100	100	100	-	-	-	-	-	700	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Adninistrative	$	17,965	$	9,741  $	4,254	$	5,046	$	11,948  $	5,829	$	5,335	$	- $	- $	- $	- $	- $	60,118	

Field							

Field Management	
$	
644	
$	
644  $	
644	
$	
644	
$	
644  $	
644	
$	
644	
$	-		
$	
-	
$	-		
$	
-	
$	-	
$	
4,506	
Electric	32	32	32	36	65	65	65	-	-	-	-	-	329	
Streetlighting	968	968	968	968	983	926	926	-	-	-	-	-	6,708	
Water	486	461	493	491	403	365	374	-	-	-	-	-	3,073	
Property Insurance	2,457	-	-	-	-	-	-	-	-	-	-	-	2,457	
Entry & Wall Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape Maintenance	2,660	2,660	2,660	2,660	2,660	2,660	2,660	-	18,620	
Mulch	-	-	2,640	-	-	-	-	-	-	-	-	-	2,640	
Irrigation Repairs	142	-	397	230	130	-	-	-	-	-	-	-	900	
Contingency	1,840	1,410	440	-	-	840	10,306	-	14,835	
Total Field	$	9,230	$	6,176  $	8,274	$	5,029	$	4,884  $	5,500	$	14,974	$	- $	- $	- $	- $	- $	54,067	
							
Total Expenditures	$	27,195	$	15,916  $	12,528	$	10,075	$	16,832  $	11,329	$	20,309	$	- $	- $	- $	- $	- $  114,185	
							
Excess (Deficiency) of Rev. over Exp.	$  (26,122)	$	311  $  225,526	$	(8,285)	$  (15,504) $	(9,977)	$  (19,236)	$	-  $	-  $	-  $	-  $	-  $  146,714	

Other Financing Sources/Uses:							
Transfer In/(Out)	$	-	$	-  $	-	$	-	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Total Other Financing Sources/Uses	$	-	$	- $	-	$	-	$	- $	-	$	-	$	- $	- $	- $	- $	- $	-	
							
Net Change in Fund Balance	$  (26,122)	$	311  $  225,526	$	(8,285)	$  (15,504) $	(9,977)	$  (19,236)	$	- $	- $	- $	- $	- $  146,714	

Highland Meadows
Community Development District Long Term Debt Report

	Series 2006A, Special Assessment Bonds		
Original Issue Amount:		$2,945,000.00	
Interest Rate:	5.50%		
Maturity Date:	May 1, 2036		

Reserve Fund Definition	
6.8977% of Bonds Outstanding		
Reserve Fund Requirement	$45,525		
Reserve Fund Balance	46,215		
Bonds Outstanding - 9/30/2022		$835,000	
Less: Principal Payment - 05/01/2023		($45,000)	
Less: Principal Payment - 11/01/23		($5,000)	
Less: Principal Payment - 05/01/2024		($45,000)	
Less: Principal Payment - 05/01/2025		($45,000)	
Less: Special Call- 05/01/2025		($25,000)	
Less: Special Call- 11/01/2025		($10,000)	
Current Bonds Outstanding		$660,000	

ON ROLL ASSESSMENTS

Highland Meadows
COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments	$	281,860.08	$	93,600.00	$	375,460.08	
Net Assessments	$	262,129.87	$	87,048.00	$	349,177.87	
	75.07%	24.93%	100.00%	

Special Assessment Receipts Fiscal Year 2026

Date	
Gross Amount	
Discount/ (Penalty)	
Commission	
Interest	
Net Receipts	
O&M Portion	2006
Debt Service	
Total	

11/10/25	
$	621.15	
$	32.62	
$	11.77		
$	576.76	
$	576.76	
$	-	
$	576.76	
11/14/25	$	2,539.28	$	101.56	$	48.75		$	2,388.97	$	2,388.97	$	-	$	2,388.97	
11/21/25	$	5,078.56	$	203.13	$	97.51		$	4,777.92	$	4,777.92	$	-	$	4,777.92	
11/26/25	$  13,762.48	$	550.50	$	264.24		$	12,947.74	$	8,361.34	$	4,586.40	$	12,947.74	
12/08/25	$  17,571.40	$	702.90	$	337.37		$	16,531.13	$	11,944.73	$	4,586.40	$	16,531.13	
12/19/25	$ 319,911.96	$	12,796.54	$	6,142.31		$	300,973.11	$	225,756.06	$	75,217.05	$	300,973.11	
12/31/25	$	-	$	-	$	-	$	308.22	$	308.22	$	231.38	$	76.84	$	308.22	
01/09/26	$	1,269.64	$	38.09	$	24.63		$	1,206.92	$	1,206.92	$	-	$	1,206.92	
01/29/26	$	-	$	-	$	-	$	617.51	$	617.51	$	463.57	$	153.94	$	617.51	
02/12/26	$	1,269.64	$	25.39	$	24.89		$	1,219.36	$	1,219.36	$	-	$	1,219.36	
03/13/26	$	2,222.19	$	-	$	44.45	$	-	$	2,177.74	$	1,231.80	$	945.94	$	2,177.74	
04/17/26	$	3,838.52	$	-	$	76.77		$	3,761.75	$	955.50	$	2,806.25	$	3,761.75	
04/30/26	$	-	$	-	$	-		$	6.15	$	1.24	$	4.91	$	6.15	
					-				
					-				
TOTAL	$ 368,084.82	$	14,450.73	$	7,072.69	$	925.73	$	347,493.28	$	259,115.55	$	88,377.73	$	347,493.28	

Highland Meadows
COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 2026
Check Register

Date	check #'s		Amount		

1/1-1/31	
100243-100246			
$11,840.64	
2/1-2/28	100247-100252			$11,409.44	
3/1-3/31	100253-100255			$10,321.83	
4/1-4/30	100256-100260			$8,949.80	
	TOTAL	$		42,521.71	

!!"#$%& iv

May 4, 2026

Monica Virgen – Recording Secretary Highland Meadows CDD
219 E. Livingston St.
Orlando, FL 32801

RE: Highland Meadows Community Development District Registered Voters

Dear Ms. Virgen,
In response to your request, there are currently 334 voters within the Highland Meadows Community Development District as of April 15, 2026.
Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Melony M. Bell Supervisor of Elections Polk County, Florida