Viera East Community Development District Proposed Budget FY 2027 A picture containing text Description automatically generated Viera East Community Development District Table of Contents Pages General Fund 1-2 General Fund Narrative 3-8 Capital Reserve 9 Debt Service - Series 2020 10 Debt Service Fund - Series 2020 Amortization 11 Golf Course & Food and Beverage 12-14 Golf Course & Food and Beverage Narrative 15-23 Viera East Community Development District General Fund Proposed Operating Budget Fiscal Year 2027 Adopted Actuals Projected Total Proposed Budget As Of Next Projected @ Budget FY 2026 4/31/26 5 Months 9/30/26 FY 2027 Actuals FY 2025 Revenues Maintenance Assessments $1,389,162 $1,378,973 $1,355,253 $23,720 $1,378,973 $1,378,973 Golf Course Administrative Services $56,280 $56,280 $32,830 $23,450 $56,280 $56,280 Donations for Park Materials $0 $0 $0 $0 $0 $0 Miscellaneous Income - Farmers Market $8,292 $10,000 $3,354 $2,396 $5,751 $6,000 Interest Income $20,176 $5,000 $13,452 $4,804 $18,256 $10,000 Total Revenues 1,473,909 $ $ 1,450,253 $ 1,404,889 $ 54,371 $ 1,459,260 $ 1,451,253 Administrative Expenditures Supervisors Fees $25,322 $30,519 $15,105 $10,789 $25,894 $30,519 Engineering Fees $0 $5,000 $0 $350 $350 $5,000 Attorney's Fees $12,483 $20,000 $4,203 $4,000 $8,203 $20,000 Dissemination $1,050 $1,082 $631 $451 $1,082 $1,136 Trustee Fees $4,041 $6,160 $2,357 $3,803 $6,160 $6,468 Annual Audit $14,661 $15,022 $8,763 $6,259 $15,022 $15,170 Collection Agent $0 $2,575 $1,502 $1,073 $2,575 $5,330 Management Fees $115,242 $118,700 $69,242 $49,458 $118,700 $124,635 Postage $13 $2,000 $125 $125 $250 $2,000 Printing & Binding $375 $2,500 $26 $18 $44 $2,500 Insurance - Liability $9,760 $12,804 $6,327 $6,477 $12,804 $13,444 Legal Advertising $770 $2,500 $110 $78 $188 $2,500 Other Current Charges $6,407 $1,200 $217 $155 $371 $1,200 Office Supplies $103 $2,000 $93 $67 $160 $2,000 Dues & Licenses $175 $175 $175 $0 $175 $175 Information Technology $4,735 $4,972 $2,900 $2,072 $4,972 $5,221 Total Administrative $ 195,137 $ 227,208 $ 111,774 $ 85,175 $ 196,949 $ 237,298 Operating Expenditures Salaries $182,683 $187,425 $115,543 $82,530 $198,073 $196,796 Administration Fee $1,900 $1,508 $353 $252 $605 $1,583 FICA Expense $13,975 $14,338 $9,567 $6,834 $16,401 $15,055 Health Insurance $1,366 $5,250 $587 $419 $1,006 $5,513 Workers Compensation $2,811 $4,169 $2,274 $1,624 $3,899 $4,377 Unemployment $610 $1,119 $476 $340 $816 $1,119 Retirement Contribution $0 $5,061 $3,884 $2,774 $6,658 $5,061 Other Contractual $9,283 $10,000 $6,298 $4,499 $10,796 $10,000 Marketing - Lifestyle/Amenities $90,416 $116,000 $62,062 $44,330 $106,392 $116,000 Training ($87) $500 $710 $507 $1,218 $500 Total Operating $ 302,958 $ 345,370 $ 201,754 $ 144,110 $ 345,865 $ 356,004 Maintenance Expenditures Canal Maintenance $9,850 $14,000 $11,780 $2,220 $14,000 $14,000 Lake Bank Restoration $170,620 $164,000 $161,079 $2,922 $164,000 $164,000 Lake Bank Education Project $0 $3,000 $0 $3,000 $3,000 $3,000 Environmental Services $0 $10,000 $0 $10,000 $10,000 $10,000 Water Management System $136,763 $148,622 $72,281 $76,341 $148,622 $148,622 Midge Control $0 $8,000 $0 $8,000 $8,000 $8,000 Contingencies $2,890 $7,500 $2,313 $1,652 $3,965 $7,500 Fire Line Management $1,895 $3,500 $700 $500 $1,200 $3,500 Basin Repair $0 $3,000 $0 $3,000 $3,000 $3,000 Total Maintenance $ 322,019 $ 361,622 $ 248,153 $ 107,635 $ 355,788 $ 361,622 Viera East Community Development District General Fund Proposed Operating Budget Fiscal Year 2027 Adopted Actuals Projected Total Proposed Budget As Of Next Projected @ Budget FY 2026 4/31/26 5 Months 9/30/26 FY 2027 Actuals FY 2025 Grounds Maintenance Expenditures Salaries $197,533 $244,367 $81,083 $57,916 $138,999 189,434.83 Bonus Program $59,814 $0 $75,108 $0 $75,108 $0 Administrative Fees $2,162 $2,840 $911 $651 $1,561 $2,982 FICA Expense $15,111 $18,694 $6,883 $4,917 $11,800 14,491.76 Health Insurance $32,068 $34,538 $15,835 $11,311 $27,146 $36,265 Workers Compensation $3,254 $5,436 $1,671 $1,194 $2,865 $5,708 Unemployment $1,254 $2,608 $599 $428 $1,027 $2,608 Retirement Contribution $0 $6,682 $0 $0 $0 $6,682 Telephone/Internet $9,063 $6,000 $5,244 $3,746 $8,990 $6,600 Utilities $6,008 $8,020 $2,332 $1,666 $3,998 $8,822 Property Appraiser $2,391 $2,100 $2,391 $0 $2,391 $2,500 Insurance - Property $3,636 $3,711 $2,326 $1,661 $3,987 $4,186 Repairs $40,261 $25,000 $34,054 $24,325 $58,379 $50,000 Fuel $15,015 $18,000 $8,285 $5,918 $14,203 $18,000 Park Maintenance $30,612 $35,000 $24,479 $17,485 $41,964 $45,000 Sidewalk Repair $0 $15,000 $8,638 $6,170 $14,807 $15,000 Chemicals $3,241 $4,000 $613 $438 $1,051 $4,000 Contingencies $18,889 $10,000 $4,044 $2,888 $6,932 $10,000 Refuse $15,121 $18,000 $8,196 $5,854 $14,050 $18,000 Office Supplies $2,361 $2,500 $278 $199 $477 $2,500 Uniforms $3,271 $4,000 $3,850 $2,750 $6,600 $4,000 Fire Alarm System $270 $500 $0 $500 $500 $500 Rain Bird Pump System $9,194 $0 $0 $0 $0 $0 Park Materials $335 $10,000 $195 $139 $334 $10,000 Bay Hill Flow Way Maintenance $0 $20,000 $0 $20,000 $20,000 $20,000 Maintenance Reserve - Transfer Out $31,777 $19,058 $0 $19,058 $19,058 $19,058 Maintenance Reserve - Transfer Out (Excess) $0 $0 $0 $0 $0 $0 Total Grounds Expenditures $ 502,640 $ 516,053 $ 287,016 $ 189,213 $ 476,229 $ 496,337 Total Expenses $ 1,322,754 $ 1,450,253 $ 848,698 $ 526,133 $ 1,374,831 $ 1,451,261 Excess Revenue/(Expenditures) $ 151,156 $ - $ 556,191 $ (471,762) $ 84,429 $ (8) FY 2026 FY 2027 Change Net Assessment - General $ 1,350,028 $ 1 ,350,028 $ - Net Assessment - Recreation $ 2 8,945 $ 28,945 $ - Total Net Assessments $ 1,378,973 $ 1 ,378,973 $ - Discounts @ 6% $ 88,020 $ 88,020 $ 0 Gross Assessment $ 1,466,993 $ 1,466,993 0 Assessable Units - Residential 4,204 4,204 Assessable Units - Non-Residential 1,869 1,869 Total Units 6,073 6,073 Gross Assessment per Unit - General Fund $ 2 36.49 $ 236.49 $ (0.00) Gross Assessment per Unit - Recreation $ 1 28.67 $ 8.27 $ (120.40) Gross Assessment per Unit - Debt Service $ 1 38.90 $ 108.57 $ (30.33) $ 5 04.06 $ 353.32 $ (150.74) Viera East Community Development District General Fund Budget Revenues: Maintenance Assessments The District will levy a Non-Ad Valorem Assessment on all the assessable property within the District in order to pay for its operating and maintenance expenditures incurred during the fiscal year. Golf Course Administrative Services Represents Golf Course Fund portion of salary and benefits for employees paid from the General Fund. Description Annual Amount Base 75,000.00 $ 10% of Maintenance Supervisor $ ( 7,280.00) 50% of Labor Position $ (11,440.00) Total $ 56,280.00 Miscellaneous Income - Farmers' Market Miscellaneous income received by the District including income from the Farmers' Market. Interest Income The District will earn interest on balances invested during the year. Administrative Expenditures: Supervisors Fees The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting. Amount is based on five supervisors receiving fees for two meetings per month. Engineering Fees The District's engineer, Robb & Taylor Engineering Solutions Inc, will be providing general engineering services to the District, which includes preparation and attendance of monthly board meetings. Attorney Fees Legal Counsel: Shutts and Bowen LLP 300 South Orange Avenue Suite 300 Orlando, FL 32801 Telephone: (407) 835-6759 Fax: (407) 849-7288 The District's legal counsel, Shutts and Bowen, will be providing general services, which include attendance and preparation for monthly board meetings. Also, services include reviewing contracts, agreements, resolutions, rule amendments, etc. Dissemination The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. o   Series 2020 Special Assessment Revenue Bond $ 1,136.10 Trustee Fees The District will pay annual trustee fees for the Series 2020 Special Assessment Revenue Bond. Annual Audit The District is required to annually have its financial records audited by an independent Certified Public Accounting Firm. The estimated cost of the audit is based on the prior fiscal year and will be shared with the Recreational Fund. Collection Agent Fees incurred by GMS-Central Florida, LLC for calculating, levying and certification of the District’s Non-Ad valorem Maintenance Assessments with the Brevard County Tax Collector. Contractor Services Monthly Annual GMS-Central Florida ,LLC Assessments 444.17 $ $ 5,330.00 Management Fees The District has contracted with GMS-Central Florida, LLC to provide Accounting and Administrative Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, financial reporting, annual audits, etc. Postage Mailing of Board Meeting agendas, checks for vendors, overnight deliveries and any other required correspondence. Amount is based on prior year's cost. Printing & Binding Printing and binding agenda packages for board meetings, printing of computerized checks, District brochures, correspondence, stationary, envelopes etc. Insurance - Liability The District’s general liability, public official’s liability, and automobile insurance coverage is provided by EGIS Insurance & Risk Advisors. Description Admin. Amount Field Amount Annual Amount General Liability $ 8,173 $ - $ 8,173 POL/EPLI $ 5,271 $ - $ 5,271 Property $ - $ 4,186 $ 4,186 Total $ 13,444 $ 4,186 $ 17,631 Legal Advertising Advertising of monthly board meetings, public hearings, and any other legal advertising that may be required. Other Current Charges Any miscellaneous expenses incurred by the District that were not previously budgeted. Office Supplies Any supplies that may need to be purchased during the fiscal year, e.g. paper, minute books, file folders, labels, paper clips, etc. Dues & Licenses The District is required to pay an annual fee to the Department of Community Affairs for $175. This is the only anticipated expenditure for this category. Information Technology Costs related to the District's accounting and information systems; District's website creation and maintenance; electronic compliance with Florida Statutes and other electronic data requirements. Operating Expenditures: Salaries The District currently has a General Manager and 1 full-time employee to handle the operations of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees. Administration Fee Represents the fees to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee. FICA Expense Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages. Health Insurance Full-time District employees are eligible for the following health benefits. Provider Policy Number Insurance Description United Healthcare 591637 Health, Accidental Death, Dental, Vision, Life & Long-Term Disability Colonial Life E3682663 Life, Accident, Short-Term Disability Combined 007394312 Accident & Disability Workers Compensation The District provides Workers Compensation Insurance for each of its employee’s based upon statutory requirements and rates determined by Applied Business Solutions. Unemployment The District pays State and Federal unemployment for each employee based upon current rate structures. Retirement Contribution Contribution to the retirement account for eligible employees. Other Contractual Miscellaneous fees and contracts incurred for the District. Description Annual Amount Ecolab Pest Elimination 6,015 $ Xelar Copier $ 1,876 Additional Contract Funds $ 2,109 Total $ 10,000 Marketing- Lifestyle/Amenities The District is in contract with Unique Webb Consulting to provide lifestyle and marketing services which include, but are not limited to social media publications, strategy planning, blogging, videography, photography, event planning, and marketing. This also includes all ads in the Viera Voice for the CDD golf course. Training Expenses for providing training to staff. Maintenance Expenditures: Canal Maintenance Represents costs associated with the maintenance of the canals located east and west of I-95. The canals east of I-95 are maintained by various contractors paid by the District on an "as needed” basis. The canals west of I-95 are maintained by A. Duda & Sons and billed to the District. Lake Bank Restoration Allocation of funds dedicated for lake bank restoration throughout the District. Lake Bank Education Project Allocation of funds dedicated for the lake bank education project. Environmental Services The District will incur the following costs related to maintaining and managing the various conservation areas (wetlands and uplands), which are the responsibility of the District. The amount is based upon the current contract with Kevin L. Erwin, plus an allowance for additional services from other providers that may be required. Services provided under this budget item may include the following: Wetland monitoring reports as required by SJRWMD and USA COE. Wetland maintenance and removal of exotic species as required to conform to permit requirements. Habitat management including burns of preserved areas as required within the approved Habitat Management Plan(s). Permit compliance and general services as required. Water Management System The District currently has a contract with ECOR Industries, Inc. to provide Aquatic Maintenance Service for the District's Lakes. Monthly Amount Annual Amount Description Natural Areas Management 4,872 $ $ 58,466 Wingate & Auburn Lake Aquatic Weed Control $ 982 $ 11,783 Bayhill Wetland Maintenance (Bi-Monthly) $ 460 $ 2,760 Natural Vegetation Management (Bi-Monthly) $ 230 $ 1,380 Aquatic Weed Control $ 5,036 $ 60,433 Header Canal Maintenance (Quarterly) $ 1,850 $ 7,400 Woodside Park Maintenance $ 200 $ 2,400 Unanticipated Repairs / Improvements $ - $ 4,000 Total $ 13,630 $ 148,622 Midge Control Lake spraying for midge control throughout the CDD. Contingencies Any miscellaneous expenses incurred by the District that were not previously budgeted. Fire Line Maintenance Expenses related to the maintenance of the various fire lines throughout the District. This mainly includes the mechanical removal of vegetation between homeowners’ properties and conservation areas in order to slow or stop the spread of wildfire. Basin Repair Expenses related to the repair and maintenance of the drainage structures at District Basins III, IV, and V. The drainage structures that get repaired are the outfalls (connect lakes) and the flow ways (connect lakes to St Johns River). Grounds Maintenance Expenditures: Salaries The District currently has a 3 full-time employees and 2 part time employee to handle the grounds maintenance of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees. Bonus Program Represents annual bonus to be paid to eligible employees. Administration Fee Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee. FICA Expense Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages. Health Insurance Full-time District employees are eligible for the following health benefits. Provider Policy Number Insurance Description United Healthcare 591637 Health, Accidental Death, Dental, Vision, Life & Long-Term Disability Colonial Life E3682663 Life, Accident, Short-Term Disability Combined 007394312 Accident & Disability Workers Compensation The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions. Unemployment The District pays State and Federal unemployment for each employee based upon current rate structures. Retirement Contribution Contribution to the retirement account for eligible employees. Telephone/Internet Expenses incurred for the telephone, fax machine and internet. Utilities The District has the following utility account with Florida Power and Light to provide electricity for the maintenance building. Vendor Account Monthly Amount Annual Amount FPL 83490-45156 585 $ $ 7,020 Contingency $ 1,802 Total $ 8,822 Property Appraiser Fees incurred for the Brevard County Property Appraiser performing work in support of processing and distributing non-ad valorem assessment information. The cost for FY2027 is estimated to be $2,500. Insurance - Property Represents the amount paid for the property portion of the insurance premium with Egis Insurance & Risk Advisors. The property includes vehicles, equipment, etc. Description Admin. Amount Field Amount Annual Amount General Liability $ 8,173 $ - $ 8,173 POL/EPLI $ 5,271 $ - $ 5,271 Property $ - $ 4,186 $ 4,186 Total $ 13,444 $ 4,186 $ 17,631 Repairs Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year. Fuel Costs related to fuel purchased for grounds maintenance machinery that occur during the fiscal year. Park Maintenance Represents costs associated with the maintenance of the parks and trails located within the district. Sidewalk Repair Represents costs associated with the repair of the sidewalks located within the district. Chemicals Includes fungicide applications, herbicide applications and insecticide applications needed to maintain the grounds. Contingencies Represents any miscellaneous expenses incurred by the District that were not previously budgeted. Refuse Estimated costs for refuse services to empty dumpster(s) twice monthly by Berry Disposal is: Contractor Services Monthly Annual Berry Disposal Empty Dumpster 1,435 $ $ 17,220 Contingency $ 780 $ 18,000 Office Supplies Costs for items used in the office. Uniforms The District is in contract with Unifirst to supply uniforms for the maintenance staff. Unifirst comes to the District weekly to deliver clean uniforms to the staff. Monthly Amount Annual Amount Vendor Unifirst $ 300 $ 3,600 Contingency $ 400 Total $ 4,000 Fire Alam System The District is in contract with Everon, LLC to provide monthly fire and burglary alarm system monitoring and maintenance. The services will be split between the Golf Course and Operations. Park Materials Costs for items used for the park. Bay Hill Flow Way Maintenance Expenses incurred related to the maintenance of Bay Hill flow way. Maintenance Reserves – Transfer Out Funds allocated annually to insure available cash for ongoing operations of the District and for major repair or replacement of capital items. Viera East Community Development District Capital Reserve Fund Proposed Budget FY 2026 Adopted Actuals Projected Total Proposed Budget As Of Next Projected Budget FY 2026 4/30/26 5 Months @ 9/30/26 FY 2027 Revenues Beginning Fund Balance $1,407,203 $1,573,325 $0 $1,573,325 1,510,391 $ Interest Income $2,500 $26,580 $9,493 $36,073 $18,000 Reserve Funding - Transfer In (General) $19,058 $0 $19,058 $19,058 $19,058 Reserve Funding - Transfer In (Golf) $166,149 $0 $166,149 $166,149 $99,213 Reserve Funding - Transfer In (General Excess) $0 $0 $0 $0 $0 Reserve Funding - Transfer In (Golf Excess) $0 $0 $0 $0 $0 Total Revenues $ 1 ,594,910 $ 1,599,905 $ 194,699 $ 1,794,604 $ 1 ,646,662 Expenditures Capital Outlay - General $84,180 $79,411 $4,769 $84,180 $84,000 Capital Outlay - Golf $154,741 $67,370 $87,371 $154,741 $150,000 Truck Maintenance $25,000 $0 $25,000 $25,000 $25,000 Sign Project $20,000 $3,362 $16,639 $20,000 $0 Bank Fees $0 $170 $122 $292 $300 Total Expenditures $ 2 83,921 $ 150,313 $ 133,901 $ 284,213 $ 2 59,300 Excess Revenues (Expenditures) $ 1 ,310,989 $ 1,449,593 $ 60,799 $ 1,510,391 $ 1 ,387,362 Potential Capital Reserve Split General Fund Golf Course Total $ 4 68,559 $ 1,104,767 $ 1,573,325 $ 10,743 $ 25,330 $ 36,073 $ 19,058 $ 1 66,149 $ 185,206 $ - $ - $ - $ (129,180) $ (154,741) $ (283,921) $ (87) $ (205) $ (292) $ 369,092 $ 1,141,299 $ 1,510,391 Beginning Balance - 9/30/26 FY26 Interest Income FY26 Contributions FY26 Projected Excess FY26 Expenses FY25 Bank Fees Projected Excess Revenue Fund End of FY26 Viera East Community Development District Debt Service Fund Series 2020 Proposed Budget FY 2026 Adopted Actuals Projected Total Proposed Budget As Of Next Projected Budget FY 2026 4/30/26 5 Months @ 9/30/26 FY 2027 Revenues Special Assessments Interest Income Beginning Fund Balance 655,615 $ $ 644,337 $ 11,278 $ 6 55,615 $ 512,530 $ 5,000 $ 11,608 $ - $ 11,608 $ 5,000 $ 3 79,668 $ 1 37,708 $ - $ 1 37,708 $ 6 7,708 Total Revenues $ 1,040,283 $ 793,654 $ 11,278 $ 804,931 $ 585,238 Expenditures Series 2020 Interest-11/1 Principal- 5/1 Interest-5/1 $ 75,658 $ 75,658 $ - $ 75,658 $ 6 7,708 $ 7 95,000 $ - $ 7 95,000 $ 7 95,000 $ 380,000 $ 75,658 $ - $ 75,658 $ 75,658 $ 6 7,708 Total Expenditures $ 946,315 $ 75,658 $ 870,658 $ 946,315 $ 515,415 Transfer In Transfer In $ - $ 2 00,021 $ 9,070 $ 2 09,092 $ - Excess Revenues (Expenditures) $ 93,968 $ 918,017 $ (850,310) $ 67,708 $ 69,823 * Excess Revenues needed to pay the 11/1/27 Interest Payment $ 6 3,908 Total Net Net ERU Percentage Per Unit Assessments 4,204.00 84% $ 102.05 $ 429,026.91 818.24 16% $ 408.21 $ 83,503.09 5,022.24 $ 512,530.00 Land Use ERU Units Residential 1.00 4,204.00 Commercial 4.00 204.56 Net Annual Assessment 4,408.56 Viera East Community Development District Debt Service - Series 2020 Amortization Schedule Fiscal Year Total Date Bond Balance Interest Principal Interest 11/01/20 52,497.38 $ $ 52,497.38 05/01/21 7,685,000 $ 90,307.50 11/01/21 $ 90,307.50 $ 180,615.00 05/01/22 7,685,000 $ 90,307.50 11/01/22 $ 90,307.50 $ 180,615.00 05/01/23 7,685,000 2.000% $475,000 $ 90,307.50 11/01/23 $ 85,557.50 $ 650,865.00 05/01/24 7,210,000 2.000% $490,000 $ 85,557.50 11/01/24 $ 80,657.50 $ 656,215.00 05/01/25 6,720,000 2.000% $500,000 $ 80,657.50 11/01/25 $ 75,657.50 $ 656,315.00 05/01/26 6,220,000 2.000% $795,000 $ 75,657.50 11/01/26 $ 67,707.50 $ 938,365.00 05/01/27 5,425,000 2.000% $380,000 $ 67,707.50 11/01/27 $ 63,907.50 $ 511,615.00 05/01/28 5,045,000 2.000% $385,000 $ 63,907.50 11/01/28 $ 60,057.50 $ 508,965.00 05/01/29 4,660,000 2.000% $395,000 $ 60,057.50 11/01/29 $ 56,107.50 $ 511,165.00 05/01/30 4,265,000 2.125% $400,000 $ 56,107.50 11/01/30 $ 51,857.50 $ 507,965.00 05/01/31 3,865,000 2.600% $410,000 $ 51,857.50 11/01/31 $ 46,527.50 $ 508,385.00 05/01/32 3,455,000 2.600% $425,000 $ 46,527.50 11/01/32 $ 41,002.50 $ 512,530.00 05/01/33 3,030,000 2.600% $435,000 $ 41,002.50 11/01/33 $ 35,347.50 $ 511,350.00 05/01/34 2,595,000 2.600% $445,000 $ 35,347.50 11/01/34 $ 29,562.50 $ 509,910.00 05/01/35 2,150,000 2.750% $455,000 $ 29,562.50 11/01/35 $ 23,306.25 $ 507,868.75 05/01/36 1,695,000 2.750% $470,000 $ 23,306.25 11/01/36 $ 16,843.75 $ 510,150.00 05/01/37 1,225,000 2.750% $485,000 $ 16,843.75 11/01/37 $ 10,175.00 $ 512,018.75 05/01/38 740,000 2.750% $740,000 $ 10,175.00 $ 7,685,000 $ 1,992,585 $ 8,927,410 Viera East Community Development District Golf Course & Restaurant Proposed Operating Budget Fiscal Year 2027 Adopted Actuals Projected Total Proposed Budget As Of Next Projected @ Budget FY 2026 4/31/26 5 Months 9/30/26 FY 2027 Actuals FY 2025 Revenues Golf Course Revenue Greens Fees $2,174,412 $2,250,000 $1,495,134 $1,067,953 $2,563,087 $2,407,500 Gift Cards - Sales & Usage $7,339 $0 $4,429 $3,163 $7,592 $0 Season Advance/Trail Fees $90,443 $100,000 $55,902 $39,930 $95,832 $100,000 Loyalty Program $25,625 $25,000 $14,824 $10,589 $25,413 $25,000 Driving Range $113,460 $87,418 $70,481 $50,344 $120,825 $87,418 Golf Lessons $19,254 $15,000 $19,690 $14,064 $33,754 $15,000 Miscellaneous Income $12,345 $15,000 $10,119 $7,228 $17,346 $15,000 Assessments - Recreation Operating $43,169 $18,239 $10,639 $7,600 $18,239 $18,239 Pro Shop Revenue Merchandise Sales $145,175 $125,664 $105,442 $75,316 $180,757 $125,664 Restaurant Revenue Food & Snack Sales $438,967 $466,211 $254,862 $182,045 $436,907 $489,522 Beverage Sales $47,518 $37,516 $37,047 $26,462 $63,510 $39,392 Beer Sales $229,449 $236,465 $132,415 $94,582 $226,998 $260,111 Wine Sales $20,506 $20,463 $17,754 $12,681 $30,435 $22,510 Liquor Sales $203,053 $202,884 $112,925 $80,661 $193,586 $233,317 Miscellaneous Income $5,230 $0 $4,850 $3,464 $8,314 $0 Total Revenues 3,575,946 $ $ 3,599,861 $ 2,346,514 $ 1,676,081 $ 4,022,595 $ 3,838,672 General Expenditures Other Contractual Services $15,728 $20,000 $7,173 $5,123 $12,296 $20,000 Telephone $11,870 $20,392 $6,185 $4,418 $10,602 $20,392 Utilities $30,718 $5,348 $9,712 $6,937 $16,648 $5,348 Repairs & Maintenance $18,266 $15,000 $6,439 $4,600 $11,039 $15,000 Bank Charges $76,597 $75,000 $50,254 $35,896 $86,150 $75,000 Office Supplies $5,519 $4,500 $2,975 $2,125 $5,100 $4,500 Operating Supplies $15,656 $12,000 $13,295 $9,496 $22,792 $12,000 Dues, Licenses & Subscriptions $18,126 $14,502 $8,530 $6,093 $14,623 $14,502 Drug Testing - All Departments $0 $500 $0 $0 $0 $500 Training, Education & Employee Relations $6,208 $5,000 $5,855 $4,182 $10,037 $5,000 Contractual Security $11,327 $8,400 $2,607 $1,862 $4,468 $8,400 IT Services $7,758 $8,400 $3,345 $2,389 $5,734 $8,400 Total Golf Course Expenditures $ 217,774 $ 189,042 $ 116,369 $ 83,121 $ 199,489 $ 189,042 Golf Course Operations Salaries $353,177 $383,355 $228,163 $162,973 $391,136 $410,693 Administrative Fee $13,903 $16,848 $7,904 $5,646 $13,550 $16,848 FICA Expense $27,018 $29,327 $18,575 $13,268 $31,843 $31,418 Health Insurance $3,023 $10,500 $5,149 $3,678 $8,827 $9,268 Workers Compensation $5,766 $7,077 $4,573 $3,266 $7,839 $8,231 Unemployment $7,426 $10,935 $4,257 $3,041 $7,298 $10,935 Retirement Contribution $0 $0 $24 $17 $41 $250 Golf Printing $4,139 $4,500 $2,674 $1,910 $4,584 $4,500 Utilities $19,011 $18,980 $12,182 $8,702 $20,884 $22,973 Repairs $574 $3,400 $1,196 $854 $2,050 $3,400 Pest Control $0 $1,300 $0 $650 $650 $1,300 Supplies $6,472 $10,000 $7,145 $5,104 $12,249 $12,500 Uniforms $3,003 $1,750 $1,141 $815 $1,956 $2,000 Training, Education & Employee Relations $2,058 $2,500 $272 $195 $467 $2,500 Cart Lease $137,496 $137,684 $87,161 $55,829 $142,991 $137,684 Cart Maintenance $2,719 $5,000 $2,620 $1,872 $4,492 $5,000 Driving Range Supplies $606 $5,000 $2,390 $1,707 $4,097 $5,000 Total Golf Operation Expenditures $ 586,391 $ 648,155 $ 385,427 $ 269,526 $ 654,953 $ 684,499 Viera East Community Development District Golf Course & Restaurant Proposed Operating Budget Fiscal Year 2027 Adopted Actuals Projected Total Proposed Budget As Of Next Projected @ Budget FY 2026 4/31/26 5 Months 9/30/26 FY 2027 Actuals FY 2025 Golf Course Maintenance Salaries $496,608 $497,856 371,287 $ $265,205 $636,492 $668,317 Administrative Fees $5,640 $6,616 $ 3,466 $2,476 $5,941 $6,616 FICA Expense $37,991 $38,086 $ 30,212 $21,580 $51,791 $51,126 Health Insurance $60,590 $67,672 $ 47,460 $33,900 $81,359 $85,427 Workers Compensation $8,051 $10,462 $ 7,318 $5,227 $12,545 $13,172 Unemployment $4,159 $6,418 $ 3,688 $2,635 $6,323 $6,418 Retirement Contribution $0 $0 $ 1,888 $1,349 $3,237 $3,500 Utilities $31,527 $32,080 $ 15,406 $11,005 $26,411 $32,080 Repairs $55,352 $48,000 $ 22,894 $16,353 $39,246 $48,000 Restaurant Repairs $5,565 $5,000 $ 6,703 $4,788 $11,491 $10,000 Fuel & Oil $30,331 $35,000 $ 17,122 $12,230 $29,352 $35,000 Pest Control $3,013 $4,600 $ 812 $580 $1,392 $4,600 Irrigation/Drainage $12,710 $20,000 $ 4,186 $2,990 $7,175 $20,000 Sand/Topsoil $19,826 $26,500 $ 20,567 $14,690 $35,257 $35,000 Flowers/Mulch $3,858 $7,000 $ - $3,500 $3,500 $7,000 Fertilizer $106,764 $175,000 $ 106,312 $75,937 $182,249 $182,000 Seed/Sod $272 $10,000 $ - $5,000 $5,000 $10,000 Trash Removal $3,004 $3,462 $ 2,661 $1,900 $4,561 $4,500 Contingencies $3,481 $7,500 $ 6,273 $4,481 $10,754 $7,500 First Aid $277 $800 $ 39 $28 $67 $800 Operating Supplies $12,965 $15,000 $ 8,112 $5,794 $13,906 $15,000 Training $865 $2,500 $ 1,030 $736 $1,766 $2,500 Janitorial Supplies $769 $1,200 $ 1,894 $1,353 $3,247 $3,500 Janitorial Services $13,439 $13,956 $ 8,599 $6,142 $14,741 $15,000 Soil & Water Testing $0 $1,000 $ 1,695 $1,211 $2,906 $3,000 Uniforms $11,042 $11,550 $ 7,260 $5,186 $12,446 $13,000 Equipment Rental $10,187 $4,606 $ 4,000 $2,857 $6,857 $4,606 Equipment Lease $221,669 $243,144 $ 133,994 $95,710 $229,705 $243,144 Total Golf Course Maintenance $ 1 ,159,954 $ 1,295,008 $ 834,878 $ 604,841 $ 1,439,720 $ 1,530,807 Merchandise Sales Cost of Goods Sold $112,464 $87,965 $55,194 $39,424 $94,618 $87,965 Total Merchandise Sales $ 112,464 $ 87,965 $ 55,194 $ 39,424 $ 94,618 $ 87,965 Restaurant Expenditures Salaries $358,295 $336,263 $231,971 $165,693 $397,664 $353,076 Administrative Fee $8,674 $8,354 $4,264 $3,046 $7,310 $7,675 FICA Expense $38,252 $25,724 $25,264 $18,046 $43,310 $27,010 Health Insurance $13,742 $14,700 $13,304 $9,503 $22,807 $23,948 Workers Compensation $5,136 $7,300 $4,599 $3,285 $7,884 $7,900 Unemployment $6,309 $6,882 $4,533 $3,238 $7,770 $7,800 Utilities $11,123 $12,100 $8,867 $6,334 $15,201 $16,721 Pest Control $0 $1,200 $0 $600 $600 $1,200 Merchant Fees $25,904 $32,208 $14,381 $10,272 $24,654 $32,208 Equipment Lease $1,713 $1,750 $1,057 $755 $1,811 $1,750 Kitchen Equipment & Supplies $14,421 $0 $8,777 $6,270 $15,047 $14,000 Paper & Plastic Supplies $13,360 $15,000 $4,568 $3,263 $7,831 $15,000 Operating Supplies $2,002 $23,043 $5,832 $4,165 $9,997 $23,043 Delivery/Gas $5,491 $6,780 $3,778 $2,699 $6,477 $6,780 Dues & License $12,561 $11,500 $7,158 $5,113 $12,271 $11,500 Total Restaurant Expenditures $ 516,984 $ 502,803 $ 338,353 $ 242,281 $ 580,634 $ 549,611 Viera East Community Development District Golf Course & Restaurant Proposed Operating Budget Fiscal Year 2027 Adopted Actuals Projected Total Proposed Budget As Of Next Projected @ Budget FY 2026 4/31/26 5 Months 9/30/26 FY 2027 Actuals FY 2025 Cost of Goods Sold Food Cost $234,573 $265,740 $121,296 $86,640 $207,937 $279,027 Beverage Cost $32,314 $33,764 $21,961 $15,686 $37,647 $35,453 Beer Cost $84,489 $87,492 $50,219 $35,871 $86,091 $96,241 Wine Cost $11,543 $10,846 $6,008 $4,291 $10,299 $11,930 Liquor Cost $62,656 $62,894 $34,653 $24,752 $59,405 $72,328 Total Cost of Goods Sold 425,575 $ $ 460,736 $ 234,137 $ 167,241 $ 401,378 $ 494,980 Administrative Expenditures Legal Fees $0 $1,500 $0 $0 $0 $1,500 Engineering Fees $0 $600 $0 $0 $0 $600 Arbitrage $1,050 $600 $350 $250 $600 $600 Dissemination $1,050 $1,103 $643 $460 $1,103 $0 Trustee Fees $4,089 $4,510 $2,385 $1,704 $4,089 $4,961 Annual Audit $5,239 $5,278 $3,079 $2,199 $5,278 $5,330 Golf Course Administrative Services $56,280 $56,280 $32,830 $23,450 $56,280 $56,280 Insurance $157,164 $166,132 $80,722 $57,659 $138,381 $133,286 Marketing $1,100 $0 $0 $0 $0 $0 Property Taxes $9,444 $12,000 $5,913 $4,223 $10,136 $12,000 Total Administrative Expenditures $ 235,417 $ 248,003 $ 125,923 $ 89,945 $ 215,867 $ 214,557 Reserves Renewal & Replacement $84,410 $166,149 $0 $166,149 $166,149 $99,213 Total Reserves $ 84,410 $ 166,149 $ - $ 166,149 $ 166,149 $ 99,213 Total Revenues $ 3 ,575,946 $ 3,599,861 $ 2,346,514 $ 1,676,081 $ 4,022,595 $ 3,838,672 Total Expenditures $ 3 ,338,969 $ 3,597,861 $ 2,090,280 $ 1,662,527 $ 3,752,808 $ 3,850,672 Operating Income (Loss) $ 236,977 $ 2,000 $ 256,233 $ 13,554 $ 269,787 $ (12,000) Non Operating Revenues/(Expenditures) Assessments - Recreation Debt Service $564,524 $560,250 $326,813 $0 $326,813 $0 Interest Income $23,853 $10,000 $17,921 $5,000 $22,921 $12,000 Reserve Funding - Transfer Out (PY Excess) $0 $0 $0 $0 $0 $0 Interfund Transfer Out - Debt Service $0 $0 ($200,021) ($9,070) ($209,092) $0 Recreation Fees $0 $0 $0 $0 $0 $0 Interest Expense ($53,250) ($27,250) ($15,896) $0 ($15,896) $0 Principal Expense ($520,000) ($545,000) ($317,917) $0 ($317,917) $0 Total Non Operating Revenues/(Expenditures) $ 15,128 $ (2,000) $ (189,101) $ ( 4,070) $ (193,171) $ 12,000 Net Non Operating Income / (Loss) $ 252,104 $ (0) $ 67,133 $ 9,483 $ 76,616 $ (0) Viera East Community Development District Recreational Operating Budget Revenues: Green Fees Estimated revenue for public paid rounds of golf. Gift Cards - Sales & Usage Estimated amount of gift cards sold that can be used for discounted rounds of golf, merchandise or restaurant purchases. The full amount of the sale is recorded as revenue at the time of purchase. Also included is the estimated usage of gift cards once purchased. Once the gift cards have been used at the District, the amount used is recorded against the revenue. Season Advance/Trail Fees Estimated revenue of customers who purchase memberships to the District golf course in advance for the year. Loyalty Program Estimated costs of all associate memberships sold. The associate membership costs $79 and lasts for one year. The membership gets the member a 20% discount on golf rounds and other discounts on range balls, apparel, and USGA handicap service. Driving Range Estimated revenue from the District’s driving range. Golf Lessons Estimated revenue from golfing lessons given at the golf course. The District leases the golf instruction program to the Mike Hogan Golf Academy. Miscellaneous Income - Golf Course Estimated annual revenue for various miscellaneous charges billed and collected by the golf course. Assessments - Recreation Operations The District will levy Non-Ad Valorem assessments on all the assessable property within the District to help fund all of the General Operating Expenditures for the fiscal year. Merchandise Sales Estimated revenues from clothing, equipment, and supplies sold in the District’s Pro Shop. Food & Snack Sales Represents all food and snack sales for Hook and Eagle Tavern. Also includes all catering and banquet sales as well as snack sales from the golf course. Beverage Sales Represents all non-alcoholic beverage sales for Hook and Eagle Tavern. Also includes all catering and banquet sales. Beer Sales Represents all beer sales for Hook and Eagle Tavern. Also includes all catering and banquet sales. Wine Sales Represents all wine sales for Hook and Eagle Tavern. Also includes all catering and banquet sales. Liquor Sales Represents all liquor sales for Hook and Eagle Tavern. Also includes all catering and banquet sales. Miscellaneous Income - Restaurant Estimated annual revenue for various miscellaneous charges billed and collected by the restaurant. General Expenditures: Other Contractual Services Estimated cost for a full-time restaurant manager at Hook and Eagle Tavern. Vendor Monthly Amount Annual Amount Charter (Cable & Internet) 329 $ $ 3,947 Waste Management $ 744 $ 8,924 Great American Financial $ 156 $ 1,876 Contingency $ 5,253 Total $ 20,000 Telephone Represents regular telephone lines, credit card, and internet access. A portion of expenses related to the District are transferred to the General Fund. Vendor Monthly Amount Annual Amount Cricket Wireless $ 239 $ 2,868 Fusion $ 690 $ 8,280 Hulu Subscription $ 106 $ 1,272 Contingency $ 7,972 Total $ 20,392 Utilities The District has the following utility accounts related to the operations. Vendor Account Monthly Amount Annual Amount FPL 45156 $ 365 $ 4,380 Florida City Gas 9398 $ 565 $ 6,780 City of Cocoa 112664 $ 495 $ 5,940 City of Cocoa 141774 $ 98 $ 1,176 Contingency $ (12,928) Total $ 5,348 Repairs & Maintenance Any miscellaneous repairs and maintenance, including electrical, plumbing, hardware, locksmiths, painting and HVAC. A portion of expenses related to the District are transferred to the General Fund. Bank Charges Bank charges related to credit card usage as well as account service charges for the operating checking account fund. Office Supplies Any supplies that may need to be purchased during the fiscal year, e.g. paper, minute books, file folders, labels, paper clips, etc. Operating Supplies Represents various operating supplies purchased. Dues, Licenses & Subscriptions The following represents the estimated cost for license, membership subscriptions and permit renewals for the fiscal year. Vendor Description Annual Amount Brevard County Business Tax License 82 $ City of Rockledge Business License $ 200 Lightspeed Membership $ 7,000 DBPR License $ 1,820 Florida State Golf Assoc. Handicap Fees $ 5,000 Florida State Golf Assoc. Membership $ 150 Contingency $ 250 Total $ 14,502 Drug Testing - All Departments Costs incurred for drug testing. Training, Education & Employee Relations Costs incurred in sending District personnel to any training seminars or having personnel trained on site for different aspects to more efficiently and effectively operate the golf course. Also, any expense incurred for staff meetings and help wanted ads. Contractual Security Security system costs for the maintenance of clubhouse alarm systems. IT Services Costs related to the District's accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements. Golf Course Operations: Salaries The District currently has a 3 full-time and 27 part-time employees to handle the golf course operations of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees. Administration Fee Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee. FICA Expense Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages. Health Insurance Full-time District employees are eligible for the following health benefits. Provider Policy Number Insurance Description United Healthcare 591637 Health, Accidental Death, Dental, Vision, Life & Long-Term Disability Colonial Life E3682663 Life, Accident, Short-Term Disability Combined 007394312 Accident & Disability Workers Compensation The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions. Unemployment The District pays State and Federal unemployment for each employee based upon current rate structures. Retirement Contribution Contribution to the retirement account for eligible employees. Golf Printing Printing for materials needed for the course. Utilities Estimated cost of basic utilities for golf operations. Vendor Account Monthly Amount Annual Amount FPL 33189 705 $ $ 8,460 FPL 42334 $ 100 $ 1,200 FPL 52104 $ 750 $ 9,000 City of Cocoa 112664 $ 350 $ 4,200 Contingency $ 113 Total $ 22,973 Repairs Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year. Pest Control The estimated costs for Ecolab Pest Elimination to provide monthly pest control services. Vendor Monthly Amount Annual Amount Ecolab Pest Elimination $ 95 $ 1,140 Contingency $ 160 Total $ 1,300 Supplies Estimated costs of miscellaneous supplies that the District may need to purchase for golf operations. Uniforms The estimated costs of uniforms for pro shop personnel. Once hired, all employees get a District golf shirt to wear during work hours. Training, Education & Employee Relations The District will incur the cost of the Assistant Pro Program and any training deemed necessary for the Pro Shop staff or cart facility personnel, for example, cart mechanics training and any help wanted ads. Cart Lease The expense related to leasing of carts for the golf course. Vendor Monthly Amount Annual Amount The Huntington National $ 493 $ 5,911 Yamaha $ 197 $ 2,361 Golf Cart $ 10,784 $ 129,412 Total $ 1 37,684 Cart Maintenance The expenses related to any repairs and maintenance of the golf carts that are incurred during the year. Driving Range Supplies Any expenses incurred related to the driving range operation, for example range balls, tokens, buckets, bag stands, clock rope and sand/water buckets. Golf Course Maintenance: Salaries The District currently has a 13 full-time employees to handle the golf course maintenance of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees. Administration Fee Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee. FICA Expense Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages. Health Insurance Full-time District employees are eligible for the following health benefits. Provider Policy Number Insurance Description United Healthcare 591637 Health, Accidental Death, Dental, Vision, Life & Long-Term Disability Colonial Life E3682663 Life, Accident, Short-Term Disability Combined 007394312 Accident & Disability Workers Compensation The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions. Unemployment The District pays State and Federal unemployment for each employee based upon current rate structures. Retirement Contribution Contribution to the retirement account for eligible employees. Utilities Estimated cost of basic utilities for golf operations. Vendor Account Monthly Amount Annual Amount FPL 83490-45156 2,150 $ $ 25,800 City of Cocoa 313093-70192 $ 440 $ 5,280 Contingency $ 1,000 Total $ 32,080 Repairs Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year. Restaurant Repairs Any costs related to miscellaneous restaurant repairs and maintenance that occur during the fiscal year. Fuel & Oil Costs related to fuel purchased for maintenance machinery that occurs during the fiscal year. Pest Control The estimated costs for Ecolab Pest Elimination to provide monthly pest control services. Vendor Monthly Amount Annual Amount Ecolab Pest Elimination 375 $ $ 4,500 Contingency $ 100 Total $ 4,600 Irrigation/Drainage Estimated irrigation and drainage maintenance expenditures that may occur during the fiscal year. Sand/Topsoil Costs related to sand and topsoil expenditures that may occur during the fiscal year. The District buys all supplies from Golf Specialties, Inc. Some supplies may include top-dress sand, divot sand, and shell rock for the golf course. Flowers/Mulch Estimated costs of flowers and mulch for the golf course and clubhouse. Fertilizer Estimated costs of fertilizer, herbicide, insecticide, fungicide and other chemicals needed for the golf course. Seed/Sod Costs of seed and sod expenditures for the golf course that may occur during the fiscal year. Trash Removal Estimated costs for trash removal services to empty dumpster(s) once a month by Waste Management at the golf course. Vendor Monthly Amount Annual Amount Waste Management, Inc. $ 232 $ 2,784 Contingency $ 1,716 Total $ 4,500 Contingencies Funding of unanticipated costs. First Aid Costs of work gloves, ear plugs, support belts, and other first aid supplies needed during the fiscal year. Operating Supplies Represents various operating supplies purchased. Training Training seminars for golf course maintenance staff. Janitorial Supplies Costs of janitorial supplies that may occur during the fiscal year. Janitorial Services Costs of janitorial services that may occur during the fiscal year. Soil & Water Testing Costs for soil and water testing that may occur during the fiscal year. Uniforms The District is in contract with Unifirst to supply uniforms for the golf course maintenance staff. Unifirst comes to the District weekly to deliver clean uniforms to the staff. Vendor Monthly Amount Annual Amount Unifirst 900 $ $ 10,800 Contingency $ 2,200 Total $ 13,000 Equipment Rental Rental of larger capital items required for course maintenance. Equipment Lease The District currently has the following equipment leases for the golf course. Vendor Monthly Amount Annual Amount Dex Imaging $ 110 $ 1,320 The Huntington National $ 19,500 $ 234,000 Wells Fargo $ 652 $ 7,824 Total $ 2 43,144 Merchandise Sales: Cost of Goods Sold Represents the cost of clothing, equipment, and supplies sold in the Pro Shop. Restaurant Expenditures: Salaries The District currently has 5 full-time and 13 part-time employees to handle the restaurant operations of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees. Administration Fee Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee. FICA Expense Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages. Health Insurance Full-time District employees are eligible for the following health benefits. Provider Policy Number Insurance Description United Healthcare 591637 Health, Accidental Death, Dental, Vision, Life & Long-Term Disability Colonial Life E3682663 Life, Accident, Short-Term Disability Combined 007394312 Accident & Disability Workers Compensation The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions. Unemployment The District pays State and Federal unemployment for each employee based upon current rate structures. Utilities The District has accounts with City of Cocoa and FPL for utilities in Hook & Eagle Tavern. Vendor Account Monthly Amount Annual Amount FPL 33189 705 $ $ 8,460 City of Cocoa 112664 $ 535 $ 6,420 Contingency $ 1,841 Total $ 16,721 Pest Control The estimated costs for Ecolab Pest Elimination to provide monthly pest control services. Merchant Fees The estimated cost for merchant credit card fees. Equipment Lease The estimated cost to Ecolab for the dish machine rental. Vendor Monthly Amount Annual Amount Ecolab $ 143 $ 1,713 Contingency $ 37 Total $ 1,750 Paper & Plastic Supplies Represents various operating supplies purchased such as paper towels, plastic utensils, paper plates, etc. Operating Supplies Represents various operating supplies purchased such as thermometers, silverware, microwave, storage cabinets, etc. Delivery/Gas The District has an account with Florida City Gas for natural gas for Hook & Eagle Tavern. Also includes any fuel surcharges for deliveries to the restaurant. Vendor Account Monthly Amount Annual Amount ARC3 Gases, Inc. 83490-45156 $ 440 $ 5,280 Contingency - Delivery Fees $ 1,500 Total $ 6,780 Dues and License Represents the cost of all restaurant operating licenses through DBPR. Restaurant Cost of Goods Sold: Food Cost Represents food and snack supplies purchased for the restaurant or catering events. Beverage Cost Represents beverages purchased for the restaurant. Beer Cost Represents beer purchased for the restaurant. Wine Cost Represents wine purchased for the restaurant. Liquor Cost Represents liquor purchased for the restaurant. Administrative Expenditures: Legal Fees The District's attorney will be providing general legal services to the District that are directly related to operations of the golf course, i.e. reviewing contracts, agreements, resolutions, rule amendments, etc. Engineering Fees The District's engineer, Robb & Taylor Engineering Solutions Inc, may provide engineering services for the golf course. Arbitrage The District will contract with an Independent certified public accounting firm to annually calculate the District's Arbitrage Rebate Liability on Special Assessments Revenue Bonds. Trustee Fees The District issued Special Revenue Assessment Refunding Bonds, Series 2012 bonds that are deposited with a Trustee at U.S. Bank. Annual Audit The District is required to annually have its financial records audited by an independent Certified Public Accounting Firm. Golf Course Administrative Services Cost of administrative services provided for the CDD. Description Annual Amount Base 75,000.00 $ 10% of Maintenance Supervisor $ ( 7,280.00) 50% of Labor Position $ (11,440.00) Total $ 56,280.00 Insurance Egis Insurance & Risk Advisors provide the District’s general liability, property, and crime insurance coverage. Egis Insurance & Risk Advisors also provide a three year pollution policy. Description 27536 General Liability $ 48,160 Property $ 85,126 Total $ 1 33,286 Property Taxes This amount is an estimate of property taxes that will need to be paid throughout this fiscal year. Reserves: Renewal & Replacement The golf course transfers a portion of its monthly revenues to the Capital Reserve Fund to help fund for equipment replacement and other capital expenditures estimated for the fiscal year. VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA TABLE OF CONTENTS Page INDEPENDENT AUDITOR’S REPORT 1-2 MANAGEMENT’S DISCUSSION AND ANALYSIS 3-6 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements: Statement of Net Position 7 Statement of Activities 8 Fund Financial Statements: Balance Sheet – Governmental Funds 9 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position 10 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 11 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 12 Statement of Net Position – Proprietary Fund 13-14 Statement of Revenues, Expenses and Changes in Net Position – Proprietary Fund 15 Statement of Cash Flows – Proprietary Fund 16-17 Notes to Financial Statements 18-29 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund 30 Notes to Required Supplementary Information 31 OTHER INFORMATION Data Elements required by FL Statute 218.39 (3) (c) 32 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 33-34 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 35 MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 36-37 INDEPENDENT AUDITOR’S REPORT To the Board of Supervisors Viera East Community Development District Brevard County, Florida Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, and each major fund of Viera East Community Development District, Brevard County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, and each major fund of the District as of September 30, 2025, and the respective changes in financial position, and, where applicable, cash flows 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 Xxxx, 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. Xxxx, 2026 MANAGEMENT’S DISCUSSION AND ANALYSIS Our discussion and analysis of Viera East Community Development District, Brevard County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements. FINANCIAL HIGHLIGHTS • The assets plus deferred outflows of resources of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $3,811,163. • The change in the District’s total net position in comparison with the prior fiscal year was $1,187,095, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section. • At September 30, 2025, the District’s governmental funds reported combined ending fund balances of $2,412,826, an increase of $151,489 in comparison with the prior fiscal year. A portion of fund balance is restricted for debt service and capital projects, non-spendable for prepaid items, 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 are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. Both of the government-wide financial statements distinguish functions of the District that are principally supported by assessments (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the District include general government and physical environment functions. The business-type activities of the District include recreational activities which includes a golf course and a restaurant. 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. All of the funds of the District can be divided into two categories: governmental funds and proprietary funds. OVERVIEW OF FINANCIAL STATEMENTS (Continued) Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered 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. Proprietary Fund The District maintains one type of proprietary fund, an enterprise fund. An enterprise fund is used to report the same function presented as business-type activities in the government-wide financial statements. The District uses an enterprise fund to account for the operations of the golf course and related recreational facilities within the District. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. 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 plus deferred outflows of resources exceeded liabilities at the close of the most recent fiscal year. 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. Key components of the District’s net position are reflected in the following table: The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense. Key elements of the change in net position are reflected in the following table: GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued) Governmental activities As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025, was $1,857,986. The costs of the District’s activities were primarily funded by program revenues. Program revenues were comprised primarily of assessments for both the current and prior fiscal years. The District also received funds for administrative fees for the golf fund. Revenues increased slightly in the current fiscal year mostly as a result of the increase in interest income. In total, expenses decreased slightly from the prior fiscal year mainly as a result of a decrease in maintenance and repairs. Business-type activities Business-type activities reflect the operations of the golf course and other recreational facilities within the District. The cost of operations is covered primarily by charges to customers. The District also receives revenues from assessments of residents of the District. Revenues increased as a result of increased recreational activities. The increase in total expenses is the result of increased activities at both the golf course and the restaurant. GENERAL BUDGETING HIGHLIGHTS An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025. CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets At September 30, 2025, the District had $17,291,605 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $11,579,110 has been taken, which resulted in a net book value of $5,712,495. The District’s business-type activities reported net capital assets of $1,764,082. More detailed information about the District’s capital assets is presented in the notes of the financial statements. Capital Debt At September 30, 2025, the District had $6,220,000 in Bonds outstanding for its governmental activities. For business-type activities, the District had $545,000 in Bonds outstanding. More detailed information about the District’s capital debt is presented in the notes of the financial statements. At September 30, 2025, the District reported a note liability of $55,106 and a lease liability of $480,809 for its business-type activities. More detailed information about the District’s note and lease liabilities is presented in the notes of the financial statements. ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS Subsequent to year end, it is anticipated that the general operations of the District will remain fairly constant. Golf and recreational activities are expected to increase. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Viera East Community Development District’s Finance Department at 219 East Livingston Street, Orlando, Florida 32801. VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF NET POSITION - PROPRIETARY FUND SEPTEMBER 30, 2025 (Continued) See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF NET POSITION - PROPRIETARY FUND SEPTEMBER 30, 2025 (Continued) See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION - PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF CASH FLOWS - PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 (Continued) See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA STATEMENT OF CASH FLOWS - PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 (Continued) See notes to the financial statements VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY Viera East Community Development District ("District") was created on April 16, 1991 by the Florida Land and Water Adjudicatory Commission by Chapter 42M-1, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by registered voters, as provided by F. S. Chapter 190.006. 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: 1. Assessing and levying assessments. 2. Approving budgets. 3. Exercising control over facilities and properties. 4. Controlling the use of funds generated by the District. 5. Approving the hiring and firing of key personnel. 6. Financing improvements. The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Government-Wide and Fund Financial Statements The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due. Assessments Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents. Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. The District reports the following major governmental funds: General Fund The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. Debt Service Fund The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt. Capital Projects Fund This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District. The District reports the following major proprietary fund: Recreation Fund The recreation fund accounts for the operation of a public golf course, restaurant, and pro shop that are financed and supported primarily by user charges. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the District’s enterprise fund are charges to customers for sales and services. Operating expenses of the enterprise fund include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. 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. Deposits and Investments The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing). The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following: a) The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act; b) Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency; c) Interest bearing time deposits or savings accounts in qualified public depositories; d) Direct obligations of the U.S. Treasury. The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a “2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes. Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture. The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Inventories and Prepaid Items Inventories are recorded at cost using the first-in first-out method for restaurant related items and the average cost method for items sold at the Pro Shop. In the governmental funds, inventories are recorded as expenditures at the time of purchase. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. Capital Assets Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the governmental activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition cost. The costs of normal maintenance and repairs that do not add value to assets 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 Furniture and fixtures 5 - 7 Improvements other than buildings 15 Buildings 20 Infrastructure 30 Machinery and equipment 3 - 7 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. Leases The District is a lessee for several non-cancellable leases of equipment. The District recognizes a lease liability and an intangible right-to-use lease asset (lease asset) in the government-wide financial statements. The District recognizes lease liabilities with an initial, individual value of $5,000 or more. At the commencement of a lease, the District initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The leased asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the commencement date, plus certain direct costs. Subsequently, the leased asset is amortized on a straight-line basis over its useful life. Key estimates and judgments related to leases include how the District determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments. • The District uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the District generally uses its estimated incremental borrowing rate as the discount rate for leases. • The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the District is reasonably certain to exercise. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Leases (Continued) The District monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability. Lease assets are reported with other capital assets and lease liabilities are reported with long-term debt on the statement of net position. Refundings of Debt For current refundings and advance refundings resulting in the defeasance of debt, the difference between the reacquisition price and the net carrying amount of the old debt is reported as a deferred outflow of resources/deferred inflow of resources and recognized ratably as a component of interest expense over the remaining life of the old debt or the life of the new debt, whichever is shorter. In connection with the refundings, $23,905 were recognized as a component of interest expense in the current fiscal year. Unearned Revenue Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned. Long-Term Obligations In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred. In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Fund Equity/Net Position In the fund financial statements, governmental funds report nonspendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change. The District can establish limitations on the use of fund balance as follows: Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category. Assigned fund balance – Includes spendable fund balance amounts 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. Other Disclosures Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. NOTE 3 – BUDGETARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end. The District follows these procedures in establishing the budgetary data reflected in the financial statements. a) Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1. b) Public hearings are conducted to obtain public comments. c) Prior to October 1, the budget is legally adopted by the District Board. d) All budget changes must be approved by the District Board. e) The budgets are adopted on a basis consistent with generally accepted accounting principles. f) Unused appropriation 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. 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: Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments. Concentration risk – The District places no limit on the amount the District may invest in any one issuer. Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. However, the Bond 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. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above. NOTE 4 – DEPOSITS AND INVESTMENTS (Continued) Investments (Continued) External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48- hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made. As of September 30, 2025, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value. NOTE 5 – INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS Interfund receivables and payables at September 30, 2025, were as follows: The outstanding balances between funds result primarily from the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. In the case of the District, the amounts owed from the capital projects fund to the general fund relate to equipment and other capital costs that were paid from the general fund which were not yet reimbursed as of year-end. The amount owed by the general fund to the enterprise fund relates to payroll and other expenses of the general fund paid from the enterprise fund which were not yet reimbursed as of current year end. Certain enterprise fund expenses were also paid from the general fund and are shown as payable to the general fund. Interfund transfers for the fiscal year ended September 30, 2025, were as follows: Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the enterprise fund to the general fund was to fund operations. NOTE 6 – CAPITAL ASSETS Capital asset activity for the fiscal year ended September 30, 2025, was as follows: In a prior year, the District issued the Series 2020 bonds primarily to fund capital improvements, which include, but are not limited to, clubhouse renovations and other recreation facilities including restroom, dog park and playground improvements (collectively, the “Series 2020 Project”). The cost of these improvements is estimated at approximately $6,022,585, however, the District is not obligated to fund all potential improvements. Depreciation expense was charged to physical environment function for governmental activities and the recreation function for business-type activities. NOTE 7 – LONG-TERM LIABILITIES Series 2012 On March 13, 2012, the District issued $5,805,000 of Special Assessment Revenue Refunding Bonds Series 2012 due May 1, 2026, with interest rates ranging from 2.5% to 5.0%. The Bonds were issued for the current refunding of the Series 1996 Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2013, through May 1, 2026. The Series 2012 Bonds are secured by the pledged revenue as defined in the Master Trust Indenture. The Series 2012 Bonds maturing prior to May 1, 2022, are not subject to optional redemption. The Bonds maturing on or after May 1, 2023, are subject to redemption prior to maturity at the option of the District at any time after May 1, 2022. The Bonds are subject to mandatory redemption requirements in the manner outlined in the Bond Indenture. The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. In addition, the Bond Indenture has certain restrictions and requirements relating principally to the procedures to be followed in the collection of pledged revenues and the application of the revenues to the various restricted accounts. The District was in compliance with the requirements of the Bond Indenture at September 30, 2025. Series 2020 On July 8, 2020, the District issued $7,685,000 of Special Revenue Assessment Bonds Series 2020 consisting of $3,820,000 Serial Bonds due on May 1, 2030, with interest rates ranging from 2% to 2.125%; $1,715,000 Term Bonds due on May 1, 2034 with a fixed interest rate of 2.60%; and $2,150,000 Term Bonds due on May 1, 2038 with a fixed interest rate of 2.75%. The Bonds were issued to acquire and construct certain assessable improvements and pay certain costs associated with the issuance of the Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2023, through May 1, 2038. The Series 2020 Bonds maturing on or prior to May 1, 2030, are not subject to redemption at the option of the District prior to their stated dates of maturity. The Series 2020 Bonds maturing on or after May 1, 2031, are subject to redemption prior to maturity at the option of the District in whole or in part at any time on or after May 1, 2030. The Series 2020 Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture provides for a surety bond to be obtained in place of funding for a portion of the Debt Service Reserve Fund (the “Reserve Fund”). The Debt Service Reserve Fund Surety Bond constitutes a Debt Service Reserve Fund Insurance Policy under the Bond Indenture. The District has obtained the required bonding and is in compliance with the reserve requirement. The remaining funding for the reserve requirement has been met. The Bond Indenture established 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 agrees to levy special assessments in annual amounts adequate to provide payment of debt service. The District was in compliance with the requirements at September 30, 2025. NOTE 7 – LONG-TERM LIABILITIES (Continued) Long-term Debt Activity Changes in long-term liability activity for the fiscal year ended September 30, 2025, were as follows: At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows: NOTE 8 – NOTES PAYABLE AND LEASES Financed Purchase Agreements At September 30, 2025, the District had the following financed purchase agreements for both its governmental and business-type activities: NOTE 8 – NOTES PAYABLE (Continued) The scheduled payments for years ending after September 30, 2025, are as follows: Lease Payable At September 30, 2025, the District was a lessee in the following equipment leases: The total value of the lease liabilities was $480,809. The total value of the right-to-use assets as of September 30, 2025, was $743,076 with an accumulated amortization of $277,312. The District has the option to purchase the assets any time before the expiration of the leases. The scheduled payments for years ending after September 30, 2025, are as follows: NOTE 9 – MANAGEMENT COMPANY The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs. NOTE 10 – PRIOR PERIOD ADJUSTMENT The 2025 report has adjusted the following items listed in the 2024 report: NOTE 11 – RISK MANAGEMENT The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 See notes to required supplementary information VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles). The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025. VIERA EAST COMMUNITY DEVELOPMENT DISTRICT BREVARD COUNTY, FLORIDA OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED 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 Viera East Community Development District Brevard County, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities and each major fund of Viera East Community Development District, Brevard County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated Xxxx, 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. Xxxx, 2026 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA To the Board of Supervisors Viera East Community Development District Brevard County, Florida We have examined Viera East Community Development District, Brevard County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on 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 Viera East Community Development District, Brevard County, Florida and is not intended to be and should not be used by anyone other than these specified parties. Xxxx, 2026 MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA To the Board of Supervisors Viera East Community Development District Brevard County Report on the Financial Statements We have audited the accompanying basic financial statements of Viera East Community Development District, Brevard County, Florida ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated Xxxx, 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 Xxxx, 2026, should be considered in conjunction with this management letter. Purpose of this Letter The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following: I. Current year findings and recommendations. II. Status of prior year findings and recommendations. III. 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 Viera East Community Development District, Brevard County, Florida and is not intended to be and should not be used by anyone other than these specified parties. We wish to thank Viera East Community Development District, Brevard County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us. Xxxx, 2026 REPORT TO MANAGEMENT I. CURRENT YEAR FINDINGS AND RECOMMENDATIONS None II. PRIOR YEAR FINDINGS None III. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following: 1. A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024. 2. Any recommendations to improve the local governmental entity's financial management. There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2025. 3. Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2025. 4. The name or official title and legal authority of the District are disclosed in the notes to the financial statements. 5. The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes. 6. We applied financial condition assessment procedures, and no deteriorating financial conditions were noted. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. 7. Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 32. Viera East Community Development Districy Check Register Summary April 17, 2026 through May 21, 2026 Fund Date Check #'s Amount General Fund 04/23/26 5863-5885 10,537.97 $ 04/29/26 5886-5888 $ 2,063.37 05/06/26 5889-5895 $ 1 5,953.88 05/13/26 5896-5900 $ 1 3,513.50 05/21/26 5901-5903 $ 2,919.28 Sub-Total $ 44,988.00 Capital Reserve 04/23/26 221 $ 3,361.50 05/06/26 222 $ 8,680.00 05/13/26 223 $ 39,575.00 Sub-Total $ 51,616.50 Golf Course 04/23/26 33501-33516 $ 1 4,064.23 04/29/26 33517-33532 $ 3 1,930.82 05/06/26 33533-33561 $ 2 8,471.41 05/13/26 33562-33583 $ 3 6,284.00 05/21/26 33584-33608 $ 1 7,525.11 Sub-Total $ 128,275.57 Total $ 224,880.07 A picture containing text Description automatically generated Viera East Community Development District Unaudited Financial Reporting April 30, 2026 Table of Contents 1 Balance Sheet 2-4 General Fund 5-7 Month to Month - General Fund 8 Assessment Receipt Schedule 9-16 17-22 Golf Course, Pro Shop & Restaurant Month to Month - Golf Course, Pro Shop & Restaurant 23 Capital Reserve 24 25 Capital Reserve Check Register Debt Service Series 2020 26 Capital Projects Series 2020 Viera East Community Development District Combined Balance Sheet April 30, 2026 General Fund Capital Reserve Fund Debt Service Fund Capital Projects Fund Golf Course/ Recreation Fund Totals Governmental Funds Assets Cash Operating Account Petty Cash Capital Reserve Account Assessments Receivable Accounts Receivable Due from Capital Projects Due from Capital Reserve Due from Golf Course Due from General Fund Due from Other Prepaid Expenses Inventory - Pro Shop Inventory - Hook & Eagle Investments State Board of Administration Series 2012 Reserve Benefit Assessment Bond Service Recreation Fees Prepaid Expenses - Debt Series 2020 Reserve Temporary Interest Bond Service Project Improvements (Net of Depreciation) 119,594 $ $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 16,804 $ - $ - $ - $ - $ 34,914 $ - $ - $ 14,443 $ - $ 37,912 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 47,360 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 492,706 $ 1,000 $ - $ - $ 4,777 $ - $ - $ - $ 7 5,015 $ - $ 146,160 $ 4 4,364 $ 3 0,179 $ 612,300 $ 1 ,000 $ 34,914 $ - $ 4 ,777 $ 14,443 $ - $ 37,912 $ 122,374 $ - $ 162,964 $ 44,364 $ 30,179 $ 9 83,627 $ 1,371,004 $ - $ - $ 715,918 $ 3,070,549 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 286,245 $ 158,701 $ 6,207 $ 107,472 $ - $ 286,245 $ 158,701 $ 6 ,207 $ 107,472 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 2 39,717 $ 0 $ 8 70,658 $ - $ - $ - $ - $ - $ 66,957 $ - $ - $ - $ - $ - $ 1,764,082 $ 239,717 $ 0 $ 870,658 $ 66,957 $ 1,764,082 Total Assets Liabilities Accounts Payable Accrued Expenses Deferred Revenue - Season Advance Deferred Revenue - Special Assessment O&M Deferred Revenue - Special Assessment Debt Due to General Fund Due to Golf Course Due to Debt Service Due to Capital Reserve Accrued Interest Payable Accrued Principal Payable Accrued Payroll Payable Payroll Tips Payable Notes Payable Sales Tax Payable Event Deposits Bonds Payable - Series 2012 Bond Discount Deferred Loss $ 1,120,025 $ 1 ,458,273 $ 1,157,734 $ 66,957 $ 3,832,825 $ 7,635,814 $ 15,970 $ 4,323 $ - $ - $ - $ - $ 75,015 $ 47,360 $ - $ - $ - $ 10,183 $ - $ - $ - $ - $ - $ - $ - $ 8,680 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 14,443 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3 9,050 $ 2,850 $ 4 0,407 $ 7,600 $ 223,487 $ - $ - $ - $ 3 7,912 $ 1 3,625 $ 317,917 $ 4 5,435 $ 3,952 $ 535,915 $ 3 0,509 $ - $ 545,000 $ (2,014) $ (11,448) $ 63,701 $ 7 ,173 $ 40,407 $ 7 ,600 $ 223,487 $ - $ 75,015 $ 47,360 $ 52,355 $ 13,625 $ 317,917 $ 55,617 $ 3 ,952 $ 535,915 $ 30,509 $ - $ 545,000 $ (2,014) $ (11,448) Total Liabilites $ 152,850 $ 8,680 $ - $ 14,443 $ 1,830,196 $ 2,006,169 Fund Balance Nonspendable Prepaid Items Restricted for Debt Service - Series 2020 Capital Projects - Series 2020 Assigned for Capital Reserves Unassigned $ 16,804 $ - $ - $ - $ - $ 16,804 $ - $ - $ - $ - $ 1,157,734 $ - $ - $ 52,515 $ - $ - $ 1,157,734 $ 52,515 $ - $ 9 50,371 $ 1,449,593 $ - $ - $ - $ - $ - $ - $ 2,002,629 $ 1,449,593 $ 2,953,000 Total Fund Balances $ 967,176 $ 1 ,449,593 $ 1,157,734 $ 52,515 $ 2,002,629 $ 5,629,646 Total Liabilities & Fund Balance $ 1,120,025 $ 1,458,273 $ 1,157,734 $ 66,957 $ 3,832,825 $ 7,635,814 Viera East Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Adopted Budget Prorated Budget Thru 04/30/26 Actual Thru 04/30/26 Variance Revenues Maintenance Assessments 1,378,973 $ Golf Course Administrative Services $ 5 6,280 Miscellaneous Revenue - Marketing $ 1 0,000 Interest Income $ 5,000 $ 1,378,973 $ 3 2,830 $ 5,833 $ 2,917 $ 1,355,253 $ 3 2,830 $ 3,354 $ 1 3,452 $ (23,720) $ - $ (2,479) $ 10,535 Total Revenues $ 1,450,253 $ 1,420,553 $1,404,889 $ (15,664) Expenditures General & Administrative Supervisors Fees $ 3 0,519 $ 1 7,803 $ 1 5,105 $ 2,698 Engineering Fees $ 5,000 $ 2,917 $ - $ 2,917 Attorney's Fees $ 2 0,000 $ 1 1,667 $ 4,203 $ 7,464 Dissemination $ 1,082 $ 631 $ 631 $ (0) Trustee Fees $ 6,160 $ 3,593 $ 2,357 $ 1,236 Annual Audit $ 1 5,022 $ 8,763 $ 8,763 $ (0) Collection Agent $ 2,575 $ 1,502 $ 1,502 $ (0) Management Fees $ 118,700 $ 6 9,242 $ 6 9,242 $ (0) Postage $ 2,000 $ 1,167 $ 125 $ 1,042 Printing & Binding $ 2,500 $ 1,458 $ 26 $ 1,433 Insurance - Liability $ 1 2,804 $ 7,469 $ 6,327 $ 1,142 Legal Advertising $ 2,500 $ 1,458 $ 110 $ 1,349 Other Current Charges $ 1,200 $ 700 $ 217 $ 483 Office Supplies $ 2,000 $ 1,167 $ 93 $ 1,073 Dues & Licenses $ 175 $ 175 $ 175 $ - Information Technology $ 4,972 $ 2,900 $ 2,900 $ (0) Total General & Administrative $ 227,208 $ 132,611 $ 111,774 $ 20,837 Viera East Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Adopted Budget Prorated Budget Thru 04/30/26 Actual Thru 04/30/26 Variance Operations & Maintenance Operating Expenditures Salaries 187,425 $ Administration Fee $ 1,508 FICA Expense $ 1 4,338 Health Insurance $ 5,250 Workers Compensation $ 4,169 Unemployment $ 1,119 Retirement Contribution $ 5,061 Other Contractual $ 1 0,000 Marketing - Lifestyle/Amenities $ 116,000 Training $ 500 $ 109,331 $ 880 $ 8,364 $ 3,063 $ 2,432 $ 653 $ 2,952 $ 5,833 $ 6 7,667 $ 292 $ 115,543 $ 353 $ 9,567 $ 587 $ 2,274 $ 476 $ 3,884 $ 6,298 $ 6 2,062 $ 710 $ (6,211) $ 526 $ (1,203) $ 2,476 $ 158 $ 176 $ ( 932) $ ( 465) $ 5,605 $ ( 419) Subtotal Field Expenditures $ 345,370 $ 201,466 $ 201,754 $ ( 289) Maintenance Expenditures Canal Maintenance $ 1 4,000 Lake Bank Restoration $ 164,000 Lake Bank Education Project $ 3,000 Environmental Services $ 1 0,000 Water Management System $ 148,622 Midge Control $ 8,000 Contingencies $ 7,500 Fire Line Management $ 3,500 Basin Repair $ 3,000 $ 8,167 $ 9 5,667 $ 1,750 $ 5,833 $ 8 6,696 $ 4,667 $ 4,375 $ 2,042 $ 1,750 $ 1 1,780 $ 161,079 $ - $ - $ 7 2,281 $ - $ 2,313 $ 700 $ - $ (3,614) $ (65,412) $ 1,750 $ 5,833 $ 14,415 $ 4,667 $ 2,062 $ 1,342 $ 1,750 Subtotal Maintenance Expenditures $ 361,622 $ 210,946 $ 248,153 $ (37,207) Viera East Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Adopted Budget Prorated Budget Thru 04/30/26 Actual Thru 04/30/26 Variance Grounds Maintenance Expenditures Salaries 244,367 $ Bonus Program $ - Administrative Fees $ 2,840 FICA $ 1 8,694 Health Insurance $ 3 4,538 Workers Compensation $ 5,436 Unemployment $ 2,608 Retirement Contribution $ 6,682 Telephone $ 6,000 Utilities $ 8,020 Property Appraiser $ 2,100 Insurance - Property $ 3,711 Repairs $ 2 5,000 Fuel $ 1 8,000 Park Maintenance $ 3 5,000 Sidewalk Repair $ 1 5,000 Chemicals $ 4,000 Contingencies $ 1 0,000 Refuse $ 1 8,000 Office Supplies $ 2,500 Uniforms $ 4,000 Fire Alarm System $ 500 Rain Bird Pump System $ - Park Materials $ 1 0,000 Bay Hill Flow Way Maintenance $ 2 0,000 $ 142,547 $ - $ 1,657 $ 1 0,905 $ 2 0,147 $ 3,171 $ 1,521 $ 3,898 $ 3,500 $ 4,678 $ 1,225 $ 2,165 $ 1 4,583 $ 1 0,500 $ 2 0,417 $ 8,750 $ 2,333 $ 5,833 $ 1 0,500 $ 1,458 $ 2,333 $ 292 $ - $ 5,833 $ 1 1,667 $ 8 1,083 $ 7 5,108 $ 911 $ 6,883 $ 1 5,835 $ 1,671 $ 599 $ - $ 5,244 $ 2,332 $ 2,391 $ 2,326 $ 3 4,054 $ 8,285 $ 2 4,479 $ 8,638 $ 613 $ 4,044 $ 8,196 $ 278 $ 3,850 $ - $ - $ 195 $ - $ 61,464 $ (75,108) $ 746 $ 4,022 $ 4,312 $ 1,500 $ 922 $ 3,898 $ (1,744) $ 2,346 $ (1,166) $ ( 161) $ (19,471) $ 2,215 $ (4,062) $ 112 $ 1,720 $ 1,790 $ 2,304 $ 1,180 $ (1,516) $ 292 $ - $ 5,638 $ 11,667 Subtotal Grounds Maintenance Exp. $ 496,995 $ 289,914 $ 287,016 $ 2,898 Total Operations & Maintenance $ 1,203,988 $ 702,326 $ 736,924 $ (34,598) Total Expenditures $ 1,431,196 $ 834,937 $ 848,698 $ (13,761) Excess (Deficiency) of Revenues over Exp. $ 1 9,057 $ 556,191 Other Financing Sources/(Uses): Transfer In/(Out) - Capital Reserve $ (19,058) $ (11,117) $ - $ 11,117 Total Other Financing Sources/(Uses) $ (19,058) $ (11,117) $ - $ 11,117 Net Change in Fund Balance $ (0) $ 556,191 Fund Balance - Beginning $ - $ 410,984 Fund Balance - Ending $ (0) $ 967,176 Viera East Community Development District Month to Month - General Fund Oct Nov Dec Jan Feb March April May June July Aug Sept Total Revenues Maintenance Assessments - $ $ 18,661 $ 1,236,979 $ 37,609 $ 19,578 $ 14,625 $ 27,800 $ - $ - $ - $ - $ - $ 1,355,253 Golf Course Administrative Services $ 4,690 $ 4,690 $ 4,690 $ 4,690 $ 4,690 $ 4,690 $ 4,690 $ - $ - $ - $ - $ - $ 3 2,830 Misc. Revenue - Marketing $ - $ 547 $ 936 $ 625 $ 373 $ 407 $ 466 $ - $ - $ - $ - $ - $ 3,354 Interest Income $ 802 $ 753 $ 751 $ 2,011 $ 2,867 $ 3,176 $ 3,093 $ - $ - $ - $ - $ - $ 1 3,452 Total Revenues $ 5,492 $ 24,652 $ 1,243,356 $ 4 4,934 $ 27,509 $ 22,898 $ 3 6,048 $ - $ - $ - $ - $ - $ 1,404,889 Expenditures General & Administrative Supervisors Fees $ 1,272 $ 2,206 $ 3,385 $ 1,370 $ 2,438 $ 2,424 $ 2,010 $ - $ - $ - $ - $ - $ 1 5,105 Engineering Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Attorney's Fees $ 1,650 $ 1,995 $ - $ 559 $ - $ - $ - $ - $ - $ - $ - $ - $ 4,203 Dissemination $ 90 $ 9 0 $ 9 0 $ 90 $ 90 $ 90 $ 90 $ - $ - $ - $ - $ - $ 631 Trustee Fees $ 337 $ 337 $ 337 $ 337 $ 337 $ 337 $ 337 $ - $ - $ - $ - $ - $ 2,357 Annual Audit $ 1,252 $ 1,252 $ 1,252 $ 1,252 $ 1,252 $ 1,252 $ 1,252 $ - $ - $ - $ - $ - $ 8,763 Collection Agent $ 215 $ 215 $ 215 $ 215 $ 215 $ 215 $ 215 $ - $ - $ - $ - $ - $ 1,502 Management Fees $ 9,892 $ 9,892 $ 9,892 $ 9,892 $ 9,892 $ 9,892 $ 9,892 $ - $ - $ - $ - $ - $ 6 9,242 Postage $ 5 $ 3 1 $ 8 8 $ - $ 1 $ - $ - $ - $ - $ - $ - $ - $ 125 Printing & Binding $ - $ - $ - $ - $ 7 $ 9 $ 10 $ - $ - $ - $ - $ - $ 26 Insurance - Liability $ 904 $ 904 $ 904 $ 904 $ 904 $ 904 $ 904 $ - $ - $ - $ - $ - $ 6,327 Legal Advertising $ 110 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 110 Other Current Charges $ 56 $ 3 3 $ 3 5 $ (0) $ 25 $ 35 $ 33 $ - $ - $ - $ - $ - $ 217 Office Supplies $ 41 $ - $ 1 3 $ 38 $ 0 $ - $ - $ - $ - $ - $ - $ - $ 93 Dues & Licenses $ 175 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 175 Information Technology $ 414 $ 414 $ 414 $ 414 $ 414 $ 414 $ 414 $ - $ - $ - $ - $ - $ 2,900 Total General & Administrative $ 1 6,411 $ 17,367 $ 16,625 $ 1 5,071 $ 15,574 $ 15,571 $ 1 5,155 $ - $ - $ - $ - $ - $ 111,774 Operations & Maintenance Operating Expenditures Salaries $ 16,799 $ 16,398 $ 16,905 $ 16,905 $ 18,541 $ 13,633 $ 16,360 $ - $ - $ - $ - $ - $ 115,543 Administration Fee $ 73 $ 7 1 $ 9 9 $ 21 $ 84 $ 29 $ ( 23) $ - $ - $ - $ - $ - $ 353 FICA Expense $ 1,805 $ 1,463 $ 1,293 $ 1,293 $ 1,418 $ 1,043 $ 1,252 $ - $ - $ - $ - $ - $ 9,567 Health Insurance $ 109 $ - $ 119 $ - $ 119 $ 119 $ 119 $ - $ - $ - $ - $ - $ 587 Viera East Community Development District Month to Month - General Fund Oct Nov Dec Jan Feb March April May June July Aug Sept Total Operating Expenditures Continued Workers Compensation 373 $ $ 302 $ 267 $ 267 $ 347 $ 295 $ 422 $ - $ - $ - $ - $ - $ 2,274 Unemployment $ - $ - $ 240 $ 180 $ - $ 56 $ - $ - $ - $ - $ - $ - $ 476 Retirement Contribution $ - $ - $ 322 $ 874 $ 968 $ 837 $ 882 $ - $ - $ - $ - $ - $ 3,884 Other Contractual $ 655 $ 743 $ 1,061 $ 1,061 $ 1,061 $ 1,061 $ 658 $ - $ - $ - $ - $ - $ 6,298 Marketing - Lifestyle/Amenities $ 8,097 $ 10,063 $ 10,926 $ 8,410 $ 8,977 $ 7,386 $ 8,202 $ - $ - $ - $ - $ - $ 6 2,062 Training $ - $ 557 $ - $ - $ - $ - $ 154 $ - $ - $ - $ - $ - $ 710 Subtotal Operating Exp. $ 2 7,911 $ 29,596 $ 31,233 $ 2 9,011 $ 31,517 $ 24,461 $ 2 8,024 $ - $ - $ - $ - $ - $ 201,754 Maintenance Expenditures Canal Maintenance $ - $ - $ - $ 11,780 $ - $ - $ - $ - $ - $ - $ - $ - $ 1 1,780 Lake Bank Restoration $ - $ - $ - $ - $ - $ 161,079 $ - $ - $ - $ - $ - $ - $ 161,079 Lake Bank Education Project $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Environmental Services $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Water Management System $ 11,750 $ 11,780 $ 12,940 $ - $ 11,090 $ 13,630 $ 11,090 $ - $ - $ - $ - $ - $ 7 2,281 Midge Control $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Contingencies $ 50 $ 100 $ 100 $ 50 $ 1,720 $ 100 $ 193 $ - $ - $ - $ - $ - $ 2,313 Fire Line Management $ - $ - $ - $ - $ 700 $ - $ - $ - $ - $ - $ - $ - $ 700 Basin Repair $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Subtotal Maintenance Exp. $ 1 1,800 $ 11,880 $ 13,040 $ 1 1,830 $ 13,510 $ 174,809 $ 1 1,283 $ - $ - $ - $ - $ - $ 248,153 Grounds Maintenance Expenditures Salaries $ 11,261 $ 11,691 $ 11,944 $ 11,883 $ 13,111 $ 9,622 $ 11,572 $ - $ - $ - $ - $ - $ 8 1,083 Bonus Program $ - $ 75,108 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 7 5,108 Administrative Fees $ 176 $ 169 $ 160 $ 71 $ 174 $ 92 $ 69 $ - $ - $ - $ - $ - $ 911 FICA $ 1,347 $ 1,089 $ 914 $ 909 $ 1,003 $ 736 $ 885 $ - $ - $ - $ - $ - $ 6,883 Health Insurance $ 3,050 $ 2,968 $ 1,892 $ 2,251 $ 1,892 $ 1,892 $ 1,892 $ - $ - $ - $ - $ - $ 1 5,835 Workers Compensation $ 278 $ 225 $ 189 $ 188 $ 245 $ 248 $ 299 $ - $ - $ - $ - $ - $ 1,671 Unemployment $ - $ - $ 174 $ 306 $ 46 $ 34 $ 39 $ - $ - $ - $ - $ - $ 599 Retirement Contribution $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Telephone $ 710 $ 710 $ 635 $ 1,133 $ 686 $ 686 $ 686 $ - $ - $ - $ - $ - $ 5,244 Utilities $ 331 $ 344 $ 267 $ 353 $ 366 $ 306 $ 366 $ - $ - $ - $ - $ - $ 2,332 Property Appraiser $ - $ - $ 2,391 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 2,391 Insurance - Property $ 332 $ 332 $ 332 $ 332 $ 332 $ 332 $ 332 $ - $ - $ - $ - $ - $ 2,326 Repairs $ 2,994 $ 705 $ 10,547 $ 9,466 $ 3,490 $ 2,620 $ 4,232 $ - $ - $ - $ - $ - $ 3 4,054 Fuel $ 1,241 $ 1,094 $ 869 $ 1,320 $ 899 $ 1,533 $ 1,329 $ - $ - $ - $ - $ - $ 8,285 Park Maintenance $ 4,568 $ 1,893 $ 6,234 $ 1,888 $ 2,842 $ 2,689 $ 4,365 $ - $ - $ - $ - $ - $ 2 4,479 Viera East Community Development District Month to Month - General Fund Oct Nov Dec Jan Feb March April May June July Aug Sept Total Grounds Maintenance Exp. Continued Sidewalk Repair - $ $ - $ 338 $ 1,000 $ - $ 7,300 $ - $ - $ - $ - $ - $ - $ 8,638 Chemicals $ - $ - $ - $ - $ - $ 613 $ - $ - $ - $ - $ - $ - $ 613 Contingencies $ 301 $ 901 $ 301 $ 641 $ 301 $ 301 $ 1,299 $ - $ - $ - $ - $ - $ 4,044 Refuse $ 1,335 $ 1,326 $ 611 $ 1,127 $ 1,788 $ 1,309 $ 699 $ - $ - $ - $ - $ - $ 8,196 Office Supplies $ - $ - $ - $ 52 $ 15 $ 30 $ 181 $ - $ - $ - $ - $ - $ 278 Uniforms $ 444 $ 438 $ 443 $ 496 $ 410 $ 1,104 $ 515 $ - $ - $ - $ - $ - $ 3,850 Fire Alarm System $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Rain Bird Pump System $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Park Materials $ - $ - $ - $ - $ - $ 195 $ - $ - $ - $ - $ - $ - $ 195 Bay Hill Flow Way Maintenance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Subtotal Grounds Maintenance Exp. $ 2 8,368 $ 98,992 $ 38,238 $ 3 3,415 $ 27,603 $ 31,643 $ 2 8,758 $ - $ - $ - $ - $ - $ 287,016 Total Ops. & Maintenance $ 6 8,079 $ 140,469 $ 82,512 $ 7 4,256 $ 72,630 $ 230,912 $ 6 8,066 $ - $ - $ - $ - $ - $ 736,924 Total Expenditures $ 8 4,490 $ 157,836 $ 99,136 $ 8 9,327 $ 88,205 $ 246,484 $ 8 3,221 $ - $ - $ - $ - $ - $ 848,698 Excess (Def.) of Rev. over Exp. $ (78,999) $ (133,184) $ 1,144,219 $ (44,392) $ (60,696) $ ( 223,585) $ (47,172) $ - $ - $ - $ - $ - $ 556,191 Other Financing Sources/Uses: Transfer In/(Out) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Other Fin. Sources/Uses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Net Change in Fund Balance $ (78,999) $ (133,184) $ 1,144,219 $ (44,392) $ (60,696) $ (223,585) $ (47,172) $ - $ - $ - $ - $ - $ 556,191 Viera East CDD COMMUNITY DEVELOPMENT DISTRICT Special Assessment Receipts Fiscal Year 2026 Gross Assessments 1,466,992.73 $ $ 615,413.83 $ 697,462.77 $ 2 ,779,869.33 Net Assessments $ 1 ,378,973.17 $ 578,489.00 $ 655,615.00 $ 2 ,613,077.17 ON ROLL ASSESSMENTS 52.77% 22.14% 25.09% 100.00% Date Distribution Gross Amount Discoumt/Penalty Commission Interest Net Receipts O&M Portion Recreation 2020 Debt Service Total 11/14/25 2026-01 $37,888.58 ($1,805.15) ($721.67) $0.00 $35,361.76 $18,661.11 $7,828.47 $8,872.18 $35,361.76 12/02/25 2026-02 $749,719.14 ($29,950.12) ($14,395.38) $0.00 $705,373.64 $372,239.80 $156,157.23 $176,976.61 $705,373.64 12/12/25 2026-03 $1,570,585.87 ($62,797.56) ($30,155.77) $0.00 $1,477,632.54 $779,776.29 $327,121.67 $370,734.58 $1,477,632.54 12/19/25 2026-04 $170,566.93 ($6,281.10) ($3,285.71) $0.00 $161,000.12 $84,962.99 $35,642.57 $40,394.56 $161,000.12 01/09/26 2026-05 $70,817.04 ($2,121.03) ($1,373.93) $0.00 $67,322.08 $35,527.21 $14,903.92 $16,890.95 $67,322.08 01/30/26 2026-06 $3,945.08 $0.00 $0.00 $0.00 $3,945.08 $2,081.90 $873.37 $989.81 $3,945.08 02/12/26 2026-07 $38,704.23 ($764.66) ($1,100.99) $261.28 $37,099.86 $19,578.34 $8,213.25 $9,308.27 $37,099.86 03/06/26 2026-08 $28,594.86 ($314.79) ($565.60) $0.00 $27,714.47 $14,625.48 $6,135.49 $6,953.50 $27,714.47 04/10/26 2026-09 $53,516.96 ($33.82) ($1,069.94) $265.52 $52,678.72 $27,799.61 $11,662.14 $13,216.97 $52,678.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTAL $ 2,724,338.69 $ (104,068.23) $ (52,668.99) $ 526.80 $ 2,568,128.27 $ 1 ,355,252.73 $ 568,538.11 $ 644,337.43 $ 2 ,568,128.27 98% $44,948.90 Net Percent Collected Balance Remaining to Collect Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Number of Rounds Paid Rounds 35,250 Passholder Rounds 10,000 Comp Rounds 3,000 Revenue per Round Paid Rounds $ 50 5,529 333 126 4,987 2 25 1 12 (542) (108) (14) 31,983 2,064 886 30,052 1,560 606 (1,931) (504) (280) $43 $42 (1) $44 $50 6 Revenues Golf Course Revenue Greens Fees $ 2,250,000 Gift Cards - Sales & (Usage) $ - Season Advance/Trail Fees $ 100,000 Loyalty Program $ 25,000 Driving Range $ 87,418 Golf Lessons $ 15,000 Miscellaneous Income - Golf Course $ 15,000 Assessments - Recreation Operating $ 18,239 $ 239,550 $ (1,322) $ 7,576 $ 1,308 $ 10,390 $ 1,350 $ (1,930) $ 1,520 $ 209,872 $ (860) $ 7,600 $ 1,853 $ 9,606 $ 7,600 $ 1,075 $ 1,520 $ (29,677) $ 462 $ 24 $ 545 $ (784) $ 6,250 $ 3,005 $ - $ 1,414,114 $ 2,776 $ 52,270 $ 17,014 $ 60,346 $ 11,576 $ 1,719 $ 10,639 $ 1,495,134 $ 4,429 $ 55,902 $ 14,824 $ 70,481 $ 19,690 $ 10,119 $ 10,639 $ 81,019 $ 1 ,653 $ 3 ,633 $ (2,190) $ 10,135 $ 8 ,114 $ 8 ,399 $ - Subtotal Golf Course Revenue $ 2,510,657 $ 258,441 $ 238,266 $ (20,175) $ 1 ,570,455 $ 1,681,218 $ 110,763 Pro Shop Revenue Merchandise Sales $ 125,664 $ 12,227 $ 16,510 $ 4,282 $ 79,427 $ 105,442 $ 26,015 Subtotal Pro Shop Revenue $ 125,664 $ 12,227 $ 16,510 $ 4,282 $ 79,427 $ 105,442 $ 2 6,015 Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Restaurant Revenue Food & Snack Sales 466,211 $ Beverage Sales $ 37,516 Beer Sales $ 236,465 Wine Sales $ 20,463 Liquor Sales $ 202,884 Miscellaneous Income - Restaurant $ - $ 41,208 $ 2,853 $ 23,063 $ 1,599 $ 20,653 $ 38 $ 38,373 $ 5,305 $ 18,641 $ 2,773 $ 15,266 $ (80) $ (2,835) $ 2,452 $ (4,422) $ 1,174 $ (5,387) $ (118) $ 264,545 $ 21,035 $ 136,175 $ 11,340 $ 121,326 $ 7 24 $ 254,862 $ 37,047 $ 132,415 $ 17,754 $ 112,925 $ 4,850 $ (9,683) $ 16,013 $ (3,759) $ 6 ,414 $ (8,401) $ 4 ,125 Subtotal Restaurant Revenue $ 963,539 $ 89,414 $ 80,279 $ (9,135) $ 555,145 $ 559,854 $ 4,709 Total Revenues $ 3,599,861 Expenditures General Expenditures Other Contractual Services $ 20,000 Telephone $ 20,392 Utilities $ 5,348 Repairs & Maintenance $ 15,000 Bank Charges $ 75,000 Office Supplies $ 4,500 Operating Supplies $ 12,000 Dues, Licenses & Subscriptions $ 14,502 Drug Testing - All Departments $ 500 $ 360,083 $ 335,055 $ (25,028) $ 2 ,205,026 $ 2,346,514 $ 141,487 $ 1,229 $ 9 08 $ 2,499 $ 1,553 $ 9,308 $ 3 47 $ 2,556 $ 2,017 $ - $ 1,155 $ 942 $ 1,643 $ 310 $ 7,470 $ 288 $ 1,479 $ 661 $ - $ 74 $ (34) $ 855 $ 1,243 $ 1,838 $ 59 $ 1,077 $ 1,356 $ - $ 8,517 $ 7,156 $ 17,484 $ 13,874 $ 43,187 $ 3,049 $ 7,385 $ 8,576 $ - $ 7,173 $ 6,185 $ 9,712 $ 6,439 $ 50,254 $ 2,975 $ 13,295 $ 8,530 $ - $ 1 ,344 $ 972 $ 7 ,773 $ 7 ,434 $ (7,067) $ 75 $ (5,910) $ 46 $ - Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget General Expenditures Continued Training, Education & Emp. Relations 5,000 $ Contractual Security $ 8,400 IT Services $ 8,400 $ 86 $ 1,036 $ 7 88 $ 735 $ 147 $ 455 $ (649) $ 889 $ 333 $ 2,733 $ 4,865 $ 4,919 $ 5,855 $ 2,607 $ 3,345 $ (3,122) $ 2 ,259 $ 1 ,575 Subtotal General Expenditures $ 189,042 $ 22,327 $ 15,285 $ 7,042 $ 121,747 $ 116,369 $ 5,378 Administrative Expenditures Legal Fees $ 1,500 Arbitrage $ 600 Dissemination $ 1,103 Engineering $ 600 Trustee Fees $ 4,510 Annual Audit $ 5,278 Golf Course Administrative Services $ 56,280 Insurance $ 166,132 Marketing $ - Property Taxes $ 12,000 $ - $ 50 $ 88 $ - $ 3 41 $ 4 37 $ 4,690 $ 13,498 $ - $ 8 08 $ - $ 50 $ 92 $ - $ 341 $ 440 $ 4,690 $ 11,532 $ - $ 845 $ - $ - $ (4) $ - $ - $ (3) $ - $ 1,967 $ - $ (37) $ - $ 8 00 $ 6 13 $ - $ 2,385 $ 3,056 $ 32,830 $ 91,920 $ - $ 5,404 $ - $ 350 $ 643 $ - $ 2,385 $ 3,079 $ 32,830 $ 80,722 $ - $ 5,913 $ - $ 450 $ (31) $ - $ 0 $ (23) $ - $ 11,198 $ - $ (509) Subtotal Administrative Exp. $ 248,003 Total General & Administrative $ 437,044 $ 19,911 $ 17,989 $ 1,922 $ 137,008 $ 125,923 $ 1 1,085 $ 42,238 $ 33,274 $ 8,964 $ 258,755 $ 242,291 $ 1 6,464 Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Operations & Maintenance Golf Operations Expenditures Salaries 383,355 $ Administrative Fee $ 16,848 FICA Expense $ 29,327 Health Insurance $ 10,500 Workers Compensation $ 7,077 Unemployment $ 10,935 Retirement Contribution $ - Golf Printing $ 4,500 Utilities $ 18,980 Repairs $ 3,400 Pest Control $ 1,300 Supplies $ 10,000 Uniforms $ 1,750 Training, Educ. & Employee Relations $ 2,500 Cart Lease $ 137,684 Cart Maintenance $ 5,000 Driving Range $ 5,000 $ 30,932 $ 1,139 $ 2,366 $ 71 $ 4 89 $ 7 98 $ - $ - $ 1,564 $ 1,686 $ - $ - $ 3 16 $ 2 00 $ 11,404 $ 9 85 $ 1,296 $ 33,798 $ 616 $ 2,586 $ 984 $ 872 $ 598 $ 18 $ - $ 2,053 $ 54 $ - $ 587 $ - $ - $ 11,404 $ 824 $ - $ (2,866) $ 523 $ (219) $ (913) $ (383) $ 200 $ (18) $ - $ (489) $ 1,632 $ - $ (587) $ 316 $ 200 $ - $ 161 $ 1,296 $ 204,982 $ 8,377 $ 15,681 $ 2,577 $ 3,424 $ 4,709 $ - $ 2,610 $ 10,883 $ 2,030 $ - $ 5,121 $ 1,043 $ 1,308 $ 80,476 $ 1,315 $ 3 90 $ 228,163 $ 7,904 $ 18,575 $ 5,149 $ 4,573 $ 4,257 $ 2 4 $ 2,674 $ 12,182 $ 1,196 $ - $ 7,145 $ 1,141 $ 272 $ 87,161 $ 2,620 $ 2,390 $ (23,181) $ 473 $ (2,894) $ (2,572) $ (1,148) $ 452 $ (24) $ (64) $ (1,300) $ 834 $ - $ (2,024) $ (98) $ 1 ,036 $ (6,685) $ (1,306) $ (2,000) Subtotal Golf Operations Expenditures $ 648,155 $ 53,245 $ 54,393 $ (1,149) $ 344,926 $ 385,427 $ (40,500) Golf Course Maintenance Expenditures Salaries $ 497,856 Administrative Fees $ 6,616 FICA Expense $ 38,086 Employee Insurance $ 67,672 $ 40,327 $ 4 49 $ 3,085 $ 5,306 $ 51,415 $ 374 $ 3,933 $ 7,476 $ (11,088) $ 76 $ (848) $ (2,170) $ 278,147 $ 3,109 $ 21,278 $ 36,918 $ 371,287 $ 3,466 $ 30,212 $ 47,460 $ (93,140) $ (357) $ (8,933) $ (10,542) Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Golf Course Maintenance Expenditures Continued Workers Compensation 10,462 $ Unemployment $ 6,418 Retirement Contribution $ - Utilities/Water $ 32,080 Repairs $ 48,000 Restaurant Repairs $ 5,000 Fuel & Oil $ 35,000 Pest Control $ 4,600 Irrigation/Drainage $ 20,000 Sand and Topsoil $ 26,500 Flower/Mulch $ 7,000 Fertilizer $ 175,000 Seed/Sod $ 10,000 Trash Removal $ 3,462 Contingency $ 7,500 First Aid $ 800 Operating Supplies $ 15,000 Training $ 2,500 Janitorial Supplies $ 1,200 Janitorial Services $ 13,956 Soil & Water Testing $ 1,000 Uniforms $ 11,550 Equipment Rental $ 4,606 Equipment Lease $ 243,144 $ 6 35 $ 54 $ - $ 2,798 $ 6,674 $ 56 $ 2,171 $ 3 87 $ 3,038 $ 2,109 $ - $ 12,354 $ - $ 2 26 $ - $ 2 77 $ 5 50 $ - $ 17 $ 1,175 $ - $ 7 34 $ - $ 25,677 $ 1,319 $ 58 $ 449 $ 2,116 $ 2,856 $ 1,469 $ 2,697 $ - $ 265 $ 2,344 $ - $ 18,788 $ - $ 233 $ 391 $ 39 $ 379 $ - $ 97 $ 1,039 $ - $ 1,295 $ - $ 17,828 $ (684) $ (4) $ (449) $ 682 $ 3,818 $ (1,413) $ (527) $ 387 $ 2,773 $ (236) $ - $ (6,434) $ - $ (7) $ (391) $ 238 $ 171 $ - $ (80) $ 136 $ - $ (561) $ - $ 7,849 $ 4,630 $ 3,474 $ - $ 17,236 $ 28,173 $ 1 67 $ 17,698 $ 2,607 $ 9,686 $ 9,184 $ 3,059 $ 65,689 $ 2 72 $ 1,874 $ (845) $ 2 77 $ 7,382 $ 5 55 $ 7 16 $ 7,443 $ - $ 6,532 $ 2,687 $ 132,840 $ 7,318 $ 3,688 $ 1,888 $ 15,406 $ 22,894 $ 6,703 $ 17,122 $ 812 $ 4,186 $ 20,567 $ - $ 106,312 $ - $ 2,661 $ 6,273 $ 3 9 $ 8,112 $ 1,030 $ 1,894 $ 8,599 $ 1,695 $ 7,260 $ 4,000 $ 133,994 $ (2,688) $ (215) $ (1,888) $ 1 ,830 $ 5 ,280 $ (6,537) $ 577 $ 1 ,795 $ 5 ,501 $ (11,383) $ 3 ,059 $ (40,623) $ 272 $ (787) $ (7,118) $ 238 $ (730) $ (476) $ (1,178) $ (1,156) $ (1,695) $ (728) $ (1,313) $ (1,154) Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Subtotal Grounds Maintenance Exp. 1,295,008 $ $ 108,097 $ 116,861 $ (8,764) $ 660,788 $ 834,878 $ (174,091) Total Operations & Maintenance $ 1,943,164 $ 161,342 $ 171,254 $ (9,913) $ 1 ,005,714 $ 1,220,305 $ (214,591) Total Golf Course Revenue $ 2,510,657 $ 258,441 $ 238,266 $ (20,175) $ 1 ,570,455 $ 1,681,218 $ 110,763 Merchandise Sales Cost of Goods Sold $ 87,965 $ 8,916 $ 12,639 $ (3,723) $ 54,548 $ 55,194 $ (646) Subtotal Merchandise Sales $ 87,965 $ 8,916 $ 12,639 $ (3,723) $ 54,548 $ 55,194 $ (646) Total Pro Shop Exp. $ 87,965 $ 8,916 $ 12,639 $ (3,723) $ 54,548 $ 55,194 $ (646) Pro Shop Revenue $ 125,664 $ 12,227 $ 16,510 $ 4,282 $ 79,427 $ 105,442 $ 2 6,015 Restaurant Expenditures Restaurant Expenditures Restaurant Manager Contract $ - Salaries $ 336,263 Administrative Fee $ 8,354 FICA Expense $ 25,724 Health Insurance $ 14,700 Workers Compensation $ 7,300 Unemployment $ 6,882 Telephone $ - Utilities $ 12,100 $ - $ 26,561 $ 6 00 $ 3,143 $ 9 40 $ 4 02 $ 3 32 $ - $ 8 76 $ - $ 32,725 $ 434 $ 3,458 $ 2,879 $ 841 $ 504 $ - $ 1,241 $ - $ (6,164) $ 165 $ (315) $ (1,939) $ (439) $ (171) $ - $ (365) $ - $ 208,238 $ 4,769 $ 22,585 $ 8,950 $ 2,890 $ 4,412 $ - $ 5,539 $ - $ 231,971 $ 4,264 $ 25,264 $ 13,304 $ 4,599 $ 4,533 $ - $ 8,867 $ - $ (23,733) $ 505 $ (2,679) $ (4,354) $ (1,709) $ (121) $ - $ (3,329) Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Restaurant Expenditures Continued Pest Control 1,200 $ Merchant Fees $ 32,208 Equipment Lease $ 1,750 Kitchen Equipment/Supplies $ - Paper & Plastic Supplies $ 15,000 First Aid $ - Operating Supplies $ 23,043 Delivery/Gas $ 6,780 Dues & License $ 11,500 $ - $ 2,989 $ 1 43 $ 1,501 $ 1,099 $ - $ 1 96 $ 4 40 $ 2,011 $ - $ 2,336 $ 154 $ 1,812 $ 598 $ - $ 1,684 $ 673 $ 58 $ - $ 653 $ (11) $ (311) $ 501 $ - $ (1,488) $ (233) $ 1,953 $ - $ 17,848 $ 9 99 $ 8,897 $ 7,704 $ - $ 5 25 $ 2,825 $ 6,869 $ - $ 14,381 $ 1,057 $ 8,777 $ 4,568 $ - $ 5,832 $ 3,778 $ 7,158 $ - $ 3 ,467 $ (57) $ 120 $ 3 ,136 $ - $ (5,306) $ (953) $ (288) Subtotal Restaurant Expenditures $ 502,803 Cost of Goods Sold Food & Snack Cost $ 265,740 Beverage Cost $ 33,764 Beer Cost $ 87,492 Wine Cost $ 10,846 Liquor Cost $ 62,894 $ 41,233 $ 49,397 $ (8,164) $ 303,052 $ 338,353 $ (35,301) $ 24,466 $ 2,157 $ 8,317 $ 6 23 $ 3,952 $ 19,531 $ 2,653 $ 9,388 $ 1,203 $ 7,403 $ 4,935 $ (496) $ (1,070) $ (580) $ (3,451) $ 143,814 $ 20,278 $ 49,529 $ 5,680 $ 36,688 $ 121,296 $ 21,961 $ 50,219 $ 6,008 $ 34,653 $ 22,517 $ (1,683) $ (691) $ (327) $ 2 ,035 Subtotal Cost of Goods Sold $ 460,736 $ 39,516 $ 40,179 $ (663) $ 255,989 $ 234,137 $ 2 1,851 Total Restaurant Expenditures $ 963,539 $ 80,749 $ 89,575 $ (8,827) $ 559,040 $ 572,490 $ (13,450) Total Restaurant Revenue $ 963,539 $ 89,414 $ 80,279 $ (9,135) $ 555,145 $ 559,854 $ 4,709 Viera East Community Development District Golf Course, Pro Shop & Restaurant Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Current Month Actual Actual 4/30/25 4/30/26 Variance Year- to - Date Actual Actual Thru 04/30/25 Thru 04/30/26 Variance Adopted Budget Total Golf & H&E Revenue 3,599,861 $ $ 360,083 $ 335,055 $ (25,028) $ 2 ,205,026 $ 2,346,514 $ 141,487 Total Golf & H&E Expenditures $ 3,431,712 $ 293,244 $ 306,742 $ (13,498) $ 1 ,878,057 $ 2,090,280 $ (212,224) Excess (Deficiency) of Rev. over Exp. $ 168,149 $ 66,838 $ 28,313 $ (38,526) $ 326,969 $ 256,233 $ (70,736) Other Financing Sources/(Uses): Assessments - Recreation Debt Service $ 560,250 Interest Income $ 10,000 Transfer In/(Out) - Capital Reserve $ (166,149) Transfer In/(Out) - Debt Service $ - Interest Expense $ (27,250) Principal Expense $ (545,000) $ 46,688 $ 2,471 $ - $ - $ (4,438) $ (43,333) $ 46,688 $ 3,565 $ - $ (200,021) $ (2,271) $ (45,417) $ - $ 1,094 $ - $ (200,021) $ 2,167 $ (2,083) $ 326,813 $ 11,255 $ (84,410) $ - $ (31,063) $ (303,333) $ 326,813 $ 17,921 $ - $ ( 200,021) $ (15,896) $ ( 317,917) $ - $ 6 ,665 $ 84,410 $ (200,021) $ 15,167 $ (14,583) Total Other Financing Sources/(Uses) $ (168,149) $ 1,388 Net Change in Fund Balance $ (0) $ 68,226 Fund Balance - Beginning $ - Fund Balance - Ending $ (0) $ (197,456) $( 198,844) $ (80,738) $ (189,101) $ (108,363) $ (169,143) $ 246,232 $ 67,133 $ 639,514 $ 1,935,497 $ 885,746 $ 2,002,629 Viera East Community Development District Month to Month - Golf Course, Pro Shop & Restaurant Oct Nov Dec Jan Feb March April May June July Aug Sept Total Number of Rounds Paid Rounds 3,803 4,463 3,836 4,374 4,540 4,049 4,987 - - - - - 30,052 Passholder Rounds 266 231 234 212 202 190 225 - - - - - 1,560 Comp Rounds 88 72 92 83 78 81 112 - - - - - 606 Revenue per Round Paid Rounds $37 $44 $55 $50 $51 $70 $42 $0 $0 $0 $0 $0 $50 Revenues: Golf Course Revenue Greens Fees $ 1 41,692 $ 1 98,514 $ 2 11,570 $ 2 20,628 $ 2 30,215 $ 2 82,643 $ 209,872 $ - $ - $ - $ - $ - $ 1,495,134 Gift Cards - Sales & (Usage) $ 804 $ (1,532) $ 6 ,926 $ (898) $ 866 $ (877) $ (860) $ - $ - $ - $ - $ - $ 4,429 Season Advance/Trail Fees $ 8 ,686 $ 8 ,801 $ 8 ,359 $ 6 ,473 $ 8 ,070 $ 7 ,913 $ 7,600 $ - $ - $ - $ - $ - $ 55,902 Loyalty Program $ 2 ,725 $ 1 ,962 $ 2 ,289 $ 1 ,962 $ 1 ,199 $ 2 ,834 $ 1,853 $ - $ - $ - $ - $ - $ 14,824 Driving Range $ 7 ,850 $ 10,678 $ 9 ,338 $ 10,031 $ 10,229 $ 12,749 $ 9,606 $ - $ - $ - $ - $ - $ 70,481 Golf Lessons $ 3 ,260 $ 800 $ 1 ,180 $ 1 ,480 $ 2 ,330 $ 3 ,040 $ 7,600 $ - $ - $ - $ - $ - $ 19,690 Misc. Income Golf Course $ 595 $ 7 ,428 $ 168 $ (646) $ 886 $ 614 $ 1,075 $ - $ - $ - $ - $ - $ 10,119 Assessments - Recreation Op. $ 1 ,520 $ 1 ,520 $ 1 ,520 $ 1 ,520 $ 1 ,520 $ 1 ,520 $ 1,520 $ - $ - $ - $ - $ - $ 10,639 Subtotal Golf Course Revenue $ 167,131 $ 228,170 $ 241,349 $ 240,549 $ 255,316 $ 310,436 $ 238,266 $ - $ - $ - $ - $ - $ 1,681,218 Pro Shop Revenue Merchandise Sales $ 11,613 $ 15,990 $ 14,215 $ 11,833 $ 13,852 $ 21,428 $ 16,510 $ - $ - $ - $ - $ - $ 105,442 Subtotal Pro Shop Revenue $ 11,613 $ 15,990 $ 14,215 $ 11,833 $ 13,852 $ 21,428 $ 16,510 $ - $ - $ - $ - $ - $ 105,442 Restaurant Revenue Food & Snack Sales $ 32,062 $ 37,185 $ 32,102 $ 40,832 $ 34,210 $ 40,098 $ 38,373 $ - $ - $ - $ - $ - $ 254,862 Beverage Sales $ 4 ,422 $ 5 ,367 $ 5 ,435 $ 5 ,174 $ 5 ,379 $ 5 ,966 $ 5,305 $ - $ - $ - $ - $ - $ 37,047 Beer Sales $ 16,300 $ 21,377 $ 16,229 $ 19,036 $ 19,140 $ 21,693 $ 18,641 $ - $ - $ - $ - $ - $ 132,415 Wine Sales $ 2 ,129 $ 1 ,751 $ 1 ,962 $ 2 ,822 $ 3 ,144 $ 3 ,173 $ 2,773 $ - $ - $ - $ - $ - $ 17,754 Liquor Sales $ 14,159 $ 18,925 $ 15,717 $ 16,069 $ 15,277 $ 17,511 $ 15,266 $ - $ - $ - $ - $ - $ 112,925 Misc. Income - Restaurant $ 1 ,564 $ 1 ,692 $ 2 ,299 $ (180) $ (235) $ (209) $ (80) $ - $ - $ - $ - $ - $ 4,850 Subtotal Restaurant Revenue $ 70,635 $ 86,296 $ 73,744 $ 83,753 $ 76,915 $ 88,232 $ 80,279 $ - $ - $ - $ - $ - $ 559,854 Total Revenues $ 249,378 $ 330,457 $ 329,308 $ 336,135 $ 346,084 $ 420,096 $ 335,055 $ - $ - $ - $ - $ - $ 2,346,514 Viera East Community Development District Month to Month - Golf Course, Pro Shop & Restaurant Oct Nov Dec Jan Feb March April May June July Aug Sept Total Expenditures: General Expenditures: Other Contractual Services 1,155 $ $ 1 ,243 $ 156 $ 1 ,155 $ 1 ,155 $ 1 ,155 $ 1,155 $ - $ - $ - $ - $ - $ 7,173 Telephone $ 635 $ 891 $ 891 $ 940 $ 943 $ 942 $ 942 $ - $ - $ - $ - $ - $ 6,185 Utilities $ 548 $ 1 ,706 $ 1 ,715 $ 1 ,437 $ 1 ,113 $ 1 ,550 $ 1,643 $ - $ - $ - $ - $ - $ 9,712 Repairs & Maintenance $ 520 $ 820 $ 2 ,802 $ 465 $ 1 ,212 $ 310 $ 310 $ - $ - $ - $ - $ - $ 6,439 Bank Charges $ 5 ,168 $ 6 ,754 $ 7 ,281 $ 6 ,400 $ 7 ,266 $ 9 ,914 $ 7,470 $ - $ - $ - $ - $ - $ 50,254 Office Supplies $ 250 $ 648 $ 151 $ 120 $ 464 $ 1 ,053 $ 288 $ - $ - $ - $ - $ - $ 2,975 Operating Supplies $ 631 $ 2 ,890 $ 2 ,799 $ 1 ,145 $ 2 ,085 $ 2 ,266 $ 1,479 $ - $ - $ - $ - $ - $ 13,295 Dues, Licenses & Subscriptions $ 979 $ 879 $ 1 ,033 $ 582 $ 3 ,812 $ 582 $ 661 $ - $ - $ - $ - $ - $ 8,530 Drug Testing - All Departments $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Training, Education & Emp. Rel. $ 115 $ 316 $ 577 $ 2 ,690 $ 1 ,224 $ 199 $ 735 $ - $ - $ - $ - $ - $ 5,855 Contractual Security $ 147 $ 755 $ 294 $ 147 $ 970 $ 147 $ 147 $ - $ - $ - $ - $ - $ 2,607 IT Services $ 454 $ 461 $ 461 $ 455 $ 605 $ 455 $ 455 $ - $ - $ - $ - $ - $ 3,345 Subtotal General Expenditures $ 10,602 $ 17,363 $ 18,161 $ 15,535 $ 20,849 $ 18,573 $ 15,285 $ - $ - $ - $ - $ - $ 116,369 Administrative Expenditures: Legal Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Arbitrage $ 50 $ 50 $ 50 $ 50 $ 50 $ 50 $ 5 0 $ - $ - $ - $ - $ - $ 350 Dissemination $ 92 $ 92 $ 92 $ 92 $ 92 $ 92 $ 9 2 $ - $ - $ - $ - $ - $ 643 Engineering $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Trustee Fees $ 341 $ 341 $ 341 $ 341 $ 341 $ 341 $ 341 $ - $ - $ - $ - $ - $ 2,385 Annual Audit $ 440 $ 440 $ 440 $ 440 $ 440 $ 440 $ 440 $ - $ - $ - $ - $ - $ 3,079 Golf Course Admin. Services $ 4 ,690 $ 4 ,690 $ 4 ,690 $ 4 ,690 $ 4 ,690 $ 4 ,690 $ 4,690 $ - $ - $ - $ - $ - $ 32,830 Insurance $ 11,532 $ 11,532 $ 11,532 $ 11,532 $ 11,532 $ 11,532 $ 11,532 $ - $ - $ - $ - $ - $ 80,722 Marketing $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Taxes $ 1 ,083 $ 607 $ 845 $ 845 $ 845 $ 845 $ 845 $ - $ - $ - $ - $ - $ 5,913 Subtotal Administrative Exp. $ 18,227 $ 17,751 $ 17,989 $ 17,989 $ 17,989 $ 17,989 $ 17,989 $ - $ - $ - $ - $ - $ 125,923 Total General & Admin. $ 28,829 $ 35,114 $ 36,150 $ 33,524 $ 38,838 $ 36,562 $ 33,274 $ - $ - $ - $ - $ - $ 242,291 Viera East Community Development District Month to Month - Golf Course, Pro Shop & Restaurant Oct Nov Dec Jan Feb March April May June July Aug Sept Total Operations & Maintenance Golf Operations Expenditures Salaries 29,142 $ $ 32,695 $ 33,012 $ 33,173 $ 37,611 $ 28,731 $ 33,798 $ - $ - $ - $ - $ - $ 228,163 Administrative Fee $ 1 ,139 $ 1 ,100 $ 1 ,379 $ 1 ,208 $ 1 ,413 $ 1 ,049 $ 616 $ - $ - $ - $ - $ - $ 7,904 FICA Expense $ 3 ,030 $ 2 ,821 $ 2 ,525 $ 2 ,538 $ 2 ,877 $ 2 ,198 $ 2,586 $ - $ - $ - $ - $ - $ 18,575 Health Insurance $ 67 $ 67 $ 958 $ 1 ,105 $ 984 $ 984 $ 984 $ - $ - $ - $ - $ - $ 5,149 Workers Compensation $ 626 $ 583 $ 522 $ 524 $ 705 $ 741 $ 872 $ - $ - $ - $ - $ - $ 4,573 Unemployment $ 425 $ 338 $ 605 $ 900 $ 805 $ 586 $ 598 $ - $ - $ - $ - $ - $ 4,257 Retirement Contribution $ - $ - $ - $ - $ - $ 6 $ 1 8 $ - $ - $ - $ - $ - $ 24 Golf Printing $ 1 ,176 $ - $ 210 $ 24 $ 20 $ 1 ,244 $ - $ - $ - $ - $ - $ - $ 2,674 Utilities $ 2 ,209 $ 204 $ 1 ,668 $ 1 ,916 $ 2 ,118 $ 2 ,014 $ 2,053 $ - $ - $ - $ - $ - $ 12,182 Repairs $ - $ 37 $ 119 $ 139 $ 268 $ 580 $ 5 4 $ - $ - $ - $ - $ - $ 1,196 Pest Control $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Supplies $ 3 ,798 $ 810 $ 204 $ 680 $ 538 $ 528 $ 587 $ - $ - $ - $ - $ - $ 7,145 Uniforms $ 831 $ (100) $ 220 $ - $ - $ 190 $ - $ - $ - $ - $ - $ - $ 1,141 Training, Education & Emp. Rel. $ 227 $ - $ - $ - $ 45 $ - $ - $ - $ - $ - $ - $ - $ 272 Cart Lease $ 11,404 $ 18,357 $ 11,404 $ 11,457 $ 11,404 $ 11,731 $ 11,404 $ - $ - $ - $ - $ - $ 87,161 Cart Maintenance $ 884 $ 305 $ - $ - $ 608 $ - $ 824 $ - $ - $ - $ - $ - $ 2,620 Driving Range $ 1 ,206 $ 415 $ - $ 769 $ - $ - $ - $ - $ - $ - $ - $ - $ 2,390 Subtotal Operating Exp. $ 56,165 $ 57,634 $ 52,826 $ 54,431 $ 59,396 $ 50,581 $ 54,393 $ - $ - $ - $ - $ - $ 385,427 Golf Course Maintenance Exp. Salaries $ 51,864 $ 53,380 $ 54,597 $ 57,087 $ 59,817 $ 43,126 $ 51,415 $ - $ - $ - $ - $ - $ 371,287 Administrative Fees $ 552 $ 530 $ 563 $ 385 $ 714 $ 349 $ 374 $ - $ - $ - $ - $ - $ 3,466 FICA Expense $ 5 ,259 $ 4 ,600 $ 4 ,177 $ 4 ,367 $ 4 ,576 $ 3 ,299 $ 3,933 $ - $ - $ - $ - $ - $ 30,212 Employee Insurance $ 4 ,643 $ 4 ,650 $ 6 ,840 $ 8 ,924 $ 7 ,450 $ 7 ,476 $ 7,476 $ - $ - $ - $ - $ - $ 47,460 Workers Compensation $ 1 ,084 $ 941 $ 858 $ 891 $ 1 ,114 $ 1 ,110 $ 1,319 $ - $ - $ - $ - $ - $ 7,318 Unemployment $ 241 $ 86 $ 804 $ 1 ,608 $ 788 $ 104 $ 5 8 $ - $ - $ - $ - $ - $ 3,688 Retirement Contribution $ - $ - $ 165 $ 458 $ 488 $ 328 $ 449 $ - $ - $ - $ - $ - $ 1,888 Utilities/Water $ 803 $ 3 ,795 $ 1 ,991 $ 2 ,141 $ 2 ,419 $ 2 ,142 $ 2,116 $ - $ - $ - $ - $ - $ 15,406 Repairs $ 4 ,770 $ 1 ,969 $ 2 ,584 $ 2 ,789 $ 4 ,158 $ 3 ,769 $ 2,856 $ - $ - $ - $ - $ - $ 22,894 Restaurant Repairs $ 104 $ 29 $ 420 $ - $ 1 ,048 $ 3 ,633 $ 1,469 $ - $ - $ - $ - $ - $ 6,703 Fuel & Oil $ 2 ,819 $ 2 ,222 $ 1 ,764 $ 2 ,680 $ 1 ,826 $ 3 ,113 $ 2,697 $ - $ - $ - $ - $ - $ 17,122 Pest Control $ 406 $ 406 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 812 Irrigation/Drainage $ - $ 129 $ 3 ,300 $ 359 $ 133 $ - $ 265 $ - $ - $ - $ - $ - $ 4,186 Sand and Topsoil $ 995 $ 1 ,158 $ 3 ,277 $ 2 ,950 $ 5 ,708 $ 4 ,134 $ 2,344 $ - $ - $ - $ - $ - $ 20,567 Viera East Community Development District Month to Month - Golf Course, Pro Shop & Restaurant Oct Nov Dec Jan Feb March April May June July Aug Sept Total Golf Course Maintenance Exp. Cont. Flower/Mulch - $ $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Fertilizer $ 8 ,080 $ 7 ,703 $ 14,502 $ 19,698 $ 20,309 $ 17,232 $ 18,788 $ - $ - $ - $ - $ - $ 106,312 Seed/Sod $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Trash Removal $ 233 $ 233 $ 1 ,258 $ 471 $ - $ 233 $ 233 $ - $ - $ - $ - $ - $ 2,661 Contingency $ 3 ,922 $ - $ 1 ,960 $ - $ - $ - $ 391 $ - $ - $ - $ - $ - $ 6,273 First Aid $ - $ - $ - $ - $ - $ - $ 3 9 $ - $ - $ - $ - $ - $ 39 Operating Supplies $ 449 $ 1 ,740 $ 2 ,554 $ 1 ,899 $ 356 $ 735 $ 379 $ - $ - $ - $ - $ - $ 8,112 Training $ 232 $ - $ - $ - $ 64 $ 734 $ - $ - $ - $ - $ - $ - $ 1,030 Janitorial Supplies $ - $ - $ - $ - $ 1 ,798 $ - $ 9 7 $ - $ - $ - $ - $ - $ 1,894 Janitorial Services $ 1 ,120 $ 1 ,120 $ 1 ,400 $ 1 ,120 $ 1 ,120 $ 1 ,680 $ 1,039 $ - $ - $ - $ - $ - $ 8,599 Soil & Water Testing $ - $ - $ - $ 1 ,695 $ - $ - $ - $ - $ - $ - $ - $ - $ 1,695 Uniforms $ 1 ,111 $ 727 $ 1 ,102 $ 809 $ 1 ,031 $ 1 ,186 $ 1,295 $ - $ - $ - $ - $ - $ 7,260 Equipment Rental $ - $ - $ - $ 4 ,000 $ - $ - $ - $ - $ - $ - $ - $ - $ 4,000 Equipment Lease $ 18,419 $ 25,075 $ 17,784 $ 17,782 $ 19,324 $ 17,783 $ 17,828 $ - $ - $ - $ - $ - $ 133,994 Subtotal Golf Main. Exp. $ 107,105 $ 110,491 $ 121,900 $ 132,115 $ 134,241 $ 112,165 $ 116,861 $ - $ - $ - $ - $ - $ 834,878 Total Operations & Mainten. $ 163,271 $ 168,125 $ 174,726 $ 186,546 $ 193,637 $ 162,746 $ 171,254 $ - $ - $ - $ - $ - $ 1,220,305 Merchandise Expenditures Cost of Goods Sold $ (3,217) $ 9 ,209 $ 11,511 $ 9 ,091 $ 5 ,178 $ 10,783 $ 12,639 $ - $ - $ - $ - $ - $ 55,194 Subtotal Merchandise Exp. $ ( 3,217) $ 9,209 $ 11,511 $ 9,091 $ 5,178 $ 10,783 $ 12,639 $ - $ - $ - $ - $ - $ 5 5,194 Total Pro Shop Exp. $ ( 3,217) $ 9,209 $ 11,511 $ 9,091 $ 5,178 $ 10,783 $ 12,639 $ - $ - $ - $ - $ - $ 5 5,194 Restaurant Expenditures Restaurant Expenditures Restaurant Manager Contract $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Salaries $ 32,626 $ 32,424 $ 33,852 $ 33,716 $ 37,689 $ 28,939 $ 32,725 $ - $ - $ - $ - $ - $ 231,971 Administrative Fee $ 696 $ 970 $ 333 $ 660 $ 603 $ 567 $ 434 $ - $ - $ - $ - $ - $ 4,264 FICA Expense $ 4 ,158 $ 3 ,794 $ 3 ,156 $ 3 ,609 $ 3 ,992 $ 3 ,097 $ 3,458 $ - $ - $ - $ - $ - $ 25,264 Health Insurance $ 988 $ 988 $ 2 ,672 $ 2 ,106 $ 1 ,831 $ 1 ,840 $ 2,879 $ - $ - $ - $ - $ - $ 13,304 Workers Compensation $ 681 $ 589 $ 504 $ 526 $ 713 $ 746 $ 841 $ - $ - $ - $ - $ - $ 4,599 Unemployment $ 209 $ 217 $ 753 $ 1 ,265 $ 1 ,051 $ 533 $ 504 $ - $ - $ - $ - $ - $ 4,533 Telephone $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Viera East Community Development District Month to Month - Golf Course, Pro Shop & Restaurant Oct Nov Dec Jan Feb March April May June July Aug Sept Total Restaurant Expenditures Continued Utilities 825 $ $ 2 ,448 $ 879 $ 1 ,032 $ 1 ,294 $ 1 ,148 $ 1,241 $ - $ - $ - $ - $ - $ 8,867 Pest Control $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Merchant Fees $ 1 ,770 $ 2 ,087 $ 2 ,629 $ 1 ,599 $ 1 ,805 $ 2 ,155 $ 2,336 $ - $ - $ - $ - $ - $ 14,381 Equipment Lease $ 143 $ 143 $ 154 $ 154 $ 154 $ 154 $ 154 $ - $ - $ - $ - $ - $ 1,057 Kitchen Equipment/Supplies $ 701 $ 1 ,617 $ 667 $ 1 ,070 $ 1 ,713 $ 1 ,198 $ 1,812 $ - $ - $ - $ - $ - $ 8,777 Paper & Plastic Supplies $ 402 $ 792 $ 719 $ 1 ,173 $ 401 $ 483 $ 598 $ - $ - $ - $ - $ - $ 4,568 First Aid $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Operating Supplies $ 1 ,077 $ 353 $ 66 $ 860 $ 802 $ 988 $ 1,684 $ - $ - $ - $ - $ - $ 5,832 Delivery/Gas $ 435 $ 506 $ 454 $ 507 $ 522 $ 682 $ 673 $ - $ - $ - $ - $ - $ 3,778 Dues & License $ 2 ,054 $ 808 $ 478 $ 1 ,680 $ 1 ,924 $ 155 $ 5 8 $ - $ - $ - $ - $ - $ 7,158 Subtotal Restaurant Exp. $ 46,765 $ 47,736 $ 47,317 $ 49,958 $ 54,494 $ 42,686 $ 49,397 $ - $ - $ - $ - $ - $ 338,353 Cost of Goods Sold Food & Snack Cost $ 15,097 $ 24,202 $ 15,383 $ 14,030 $ 15,625 $ 17,428 $ 19,531 $ - $ - $ - $ - $ - $ 121,296 Beverage Cost $ 3 ,886 $ 821 $ 6 ,614 $ 4 ,514 $ 854 $ 2 ,617 $ 2,653 $ - $ - $ - $ - $ - $ 21,961 Beer Cost $ 5 ,583 $ 6 ,457 $ 6 ,635 $ 6 ,870 $ 6 ,742 $ 8 ,545 $ 9,388 $ - $ - $ - $ - $ - $ 50,219 Wine Cost $ (590) $ 386 $ 412 $ 2 ,057 $ 950 $ 1 ,589 $ 1,203 $ - $ - $ - $ - $ - $ 6,008 Liquor Cost $ 3 ,374 $ 3 ,085 $ 6 ,029 $ 3 ,442 $ 7 ,015 $ 4 ,305 $ 7,403 $ - $ - $ - $ - $ - $ 34,653 Subtotal Cost of Goods Sold $ 27,350 $ 34,952 $ 35,073 $ 30,913 $ 31,186 $ 34,485 $ 40,179 $ - $ - $ - $ - $ - $ 234,137 Total Restaurant Exp. $ 74,115 $ 82,688 $ 82,390 $ 80,871 $ 85,680 $ 77,171 $ 89,575 $ - $ - $ - $ - $ - $ 572,490 Total Expenditures $ 262,998 $ 295,136 $ 304,778 $ 310,032 $ 323,333 $ 287,262 $ 306,742 $ - $ - $ - $ - $ - $ 2,090,280 Excess (Def.) of Rev. over Exp. $ (13,619) $ 35,321 $ 24,531 $ 26,103 $ 22,751 $ 1 32,834 $ 28,313 $ - $ - $ - $ - $ - $ 256,233 Other Financing Sources/Uses: Assess. - Recreation Debt Service $ 46,688 $ 46,688 $ 46,688 $ 46,688 $ 46,688 $ 46,688 $ 46,688 $ - $ - $ - $ - $ - $ 326,813 Interest Income $ 2 ,294 $ 2 ,232 $ 2 ,087 $ 2 ,050 $ 2 ,198 $ 3 ,495 $ 3,565 $ - $ - $ - $ - $ - $ 17,921 Transfer In/(Out) - Cap. Reserve $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Transfer In/(Out) - Debt $ - $ - $ - $ - $ - $ - $ (200,021) $ - $ - $ - $ - $ - $ (200,021) Interest Expense $ (2,271) $ (2,271) $ (2,271) $ (2,271) $ (2,271) $ (2,271) $ (2,271) $ - $ - $ - $ - $ - $ (15,896) Principal Expense $ (45,417) $ (45,417) $ (45,417) $ (45,417) $ (45,417) $ (45,417) $ ( 45,417) $ - $ - $ - $ - $ - $ (317,917) Total Other Fin Sources/Uses $ 1,294 $ 1,232 $ 1,087 $ 1,050 $ 1,198 $ 2,495 $ (197,456) $ - $ - $ - $ - $ - $ (189,101) Viera East Community Development District Month to Month - Golf Course, Pro Shop & Restaurant Oct Nov Dec Jan Feb March April May June July Aug Sept Total Net Change in Fund Balance (12,326) $ $ 36,553 $ 25,618 $ 27,153 $ 23,950 $ 135,328 $ (169,143) $ - $ - $ - $ - $ - $ 6 7,133 Cost of Goods Sold as a % of Sales: Food & Snack Cost 47.1% 65.1% 47.9% 34.4% 45.7% 43.5% 50.9% Beverage Cost 87.9% 15.3% 121.7% 87.2% 15.9% 43.9% 50.0% Beer Cost 34.3% 30.2% 40.9% 36.1% 35.2% 39.4% 50.4% Wine Cost -27.7% 22.1% 21.0% 72.9% 30.2% 50.1% 43.4% Liquor Cost 23.8% 16.3% 38.4% 21.4% 45.9% 24.6% 48.5% Viera East Community Development District Capital Reserve Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Adopted Budget Prorated Budget Thru 04/30/26 General Fund Allocation Golf Course Allocation Total Actual Thru 04/30/26 Revenues Interest 2,500 $ $ 1,458 $ 7,916 $ 18,664 $ 26,580 Total Revenues $ 2,500 Expenditures: Capital Outlay $ 238,921 Truck Maintenance $ 25,000 Bank Fee $ - Sign Project $ 20,000 Vehicle Purchase $ - Total Expenditures $ 283,921 $ 1,458 $ 7,916 $ 18,664 $ 26,580 $ 139,371 $ 14,583 $ - $ 11,667 $ - $ 79,411 $ - $ 51 $ 3,362 $ - $ 67,370 $ - $ 120 $ - $ - $ 146,781 $ - $ 170 $ 3,362 $ - $ 165,621 $ 82,823 $ 67,490 $ 150,313 Excess (Deficiency) of Revenues over Expenditures $ (281,421) $ (74,907) $ (48,826) $ (123,733) Other Financing Sources/(Uses) Transfer In/(Out) - General Fund $ 19,058 Transfer In/(Out) - Golf Course $ 166,149 $ 11,117 $ 96,920 $ - $ - $ - $ - $ - $ - Total Other Financing Sources (Uses) $ 185,206 $ 108,037 $ - $ - $ - Net Change in Fund Balance $ (96,215) Fund Balance - Beginning $ 1,407,203 Fund Balance - Ending $ 1,310,989 $ 108,037 $ (74,907) $ (48,826) $ (123,733) $ 1,407,203 $ 468,559 $ 1,104,767 $ 1,573,325 $ 1,515,240 $ 393,652 $ 1,055,941 $ 1,449,593 Viera East Community Development District Capital Reserve Fund Capital Outlay Check Register Detail For The Period Ending April 30, 2026 Check Date Fund Vendor Detail Amount 10/31/25 10/16/25 11/03/25 11/07/25 01/05/26 04/22/26 Total General Fund General General General General General General Regions John Deere Esch Construction Supply, Inc. Shutte Shack Kendal Signs Kendal Signs Bank Fee Sickle Bar Mower Gas Walk Hurricane Shutters Park Sign Fron Entrance Sign & Clubhouse 51 $ $ 6,440 $ 7,729 $ 48,842 $ 16,400 $ 3,362 $ 82,823 10/15/25 10/31/25 01/07/26 04/27/26 Total Golf Course Golf Course Golf Course Golf Course Golf Course Landirr Regions Architectonic Inc. Smith Surveying & Mapping Cart Path Project (Hole #17) Bank Fee GC Deck & Simulator Survey for Woodside Park $ 54,940 $ 120 $ 3,750 $ 8,680 $ 67,490 Total $ 150,313 Viera East Community Development District Debt Service Fund Series 2020 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Adopted Budget Prorated Budget Actual Thru 04/30/26 Thru 04/30/26 Variance Revenues: Assessments - Tax Roll 655,615 $ Interest $ 5,000 $ 655,615 $ 2,917 $ 644,337 $ 11,608 $ (11,278) $ 8,692 Total Revenues $ 6 60,615 Expenditures: Interest - 11/1 $ 75,658 Principal - 5/1 $ 795,000 Interest - 5/1 $ 75,658 Total Expenditures $ 9 46,315 $ 6 58,532 $ 6 55,946 $ (2,586) $ 75,658 $ - $ - $ 75,658 $ - $ - $ - $ - $ - $ 75,658 $ 75,658 $ - Excess (Deficiency) of Revenues over Expenditures $ (285,700) $ 580,288 Other Financing Sources/(Uses): Transfer In/(Out) $ - $ - $ 200,021 $ 200,021 Total Other Financing Sources/(Uses) $ - Net Change in Fund Balance $ (285,700) Fund Balance - Beginning $ 3 79,668 Fund Balance - Ending $ 93,968 $ - $ 200,021 $ 200,021 $ 7 80,309 $ 3 77,424 $ 1,157,734 Viera East Community Development District Capital Projects Fund Series 2020 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending April 30, 2026 Adopted Budget Prorated Budget Thru 04/30/26 Actual Thru 04/30/26 Variance Revenues Interest - $ $ - $ 1,422 $ 1,422 Total Revenues $ - Expenditures: Capital Outlay $ - Total Expenditures $ - $ - $ 1,422 $ 1,422 $ - $ - $ - $ - $ - $ - Excess (Deficiency) of Revenues over Expenditures $ - $ 1,422 Other Financing Sources/(Uses) Transfer In/(Out) $ - $ - $ - $ - Total Other Financing Sources (Uses) $ - $ - $ - $ - Net Change in Fund Balance $ - Fund Balance - Beginning $ - Fund Balance - Ending $ - $ 1,422 $ 51,093 $ 52,515 Viera East CDD Series 2020 Acquisition and Construction Requisition Summary Date FY Req # Payee Description Amount 07/22/25 FY25 172 Viera East CDD Webstaurant Store - Glycol Chiller 3,539.04 $ 07/22/25 FY25 172 Viera East CDD Pressure and Flow LlC - PLC Controller $ 7,650.50 08/21/25 FY25 172 Viera East CDD Brevard Electric - GFI Receptacles $ 3,253.25 TOTAL REQUISITIONS TO BE PAID $ 14,442.79