Tomoka Community Development District
3501 Quadrangle Blvd, Suite 270, Orlando, FL 32817; 407-723-5900 http://tomokacdd.com

The regular meeting of the Board of Supervisors of Tomoka Community Development District will be held Tuesday, April 14, 2026, at 4:00 p.m. at the Hampton Inn, 150 Flagler Plaza Drive, Palm Coast, Florida 32137. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956 https://pfmcdd.webex.com/join/carvalhov

Passcode: 2536 634 0209

BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters





Call to Order Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Consideration of Appointment to Seat #3 Previously held by Amos (Gooch) Cheatham (Term Expires: 11/2026)
Administration of Oath of Office to Newly Appointed Board Member Consideration of Resolution 2026-01, Election of Officers

1.

2.
3.

General Business Matters

4.
5.

Consideration of the Minutes of January 13, 2026, Board of Supervisors’ Meeting Review of the Letter from the Supervisor of Elections – Flagler County (provided under separate cover)
Consideration of Resolution 2026-04, Approving a Preliminary Budget for Fiscal Year 2027 and Setting a Public Hearing Date [Suggested Date, July 14, 2026] Consideration of Resolution 2026-05, Designating Board Member Seats for the Upcoming 2026 General Election
Consideration of Proposals for Canal Cleaning
Chuck Robinson Concrete and Bobcat
Florida Georgia Aquatic Services Ratification of Series 2017 Bonds Requisition No. 4

6.

7.

8.

9.

10. Ratification of Series 2025 Bonds Requisition No. 1

Ratification of Payment Authorizations 295 – 306
Review of District Financial Statements
Other Business



Staff Reports
District Counsel
District Engineer
District Manager



Next Meeting: July 14, 2026



Supervisors Requests & Comments

Adjournment

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Consideration of Appointment to Seat #3 Previously held by Amos (Gooch) Cheatham (Term Expires: 11/2026)

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Administration of Oath of Office to Newly Appointed Board Member

TOMOKA COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS
OATH OF OFFICE

I,	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF THE TOMOKA COMMUNITY DEVELOPMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA
COUNTY OF 	

The foregoing oath was administered before me this    day of 		, 2026, by 	, who personally appeared before me, and is personally known to me or has produced 		 as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Tomoka Community Development District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida

Print Name: 	

Commission No.: 	 Expires: 	

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Consideration of Resolution 2026-01, Election of Officers

RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOMOKA COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS,

the	TOMOKA

COMMUNITY

DEVELOPMENT

DISTRICT

(hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the “Board”), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS

OF DISTRICT:

THE

TOMOKA

COMMUNITY

DEVELOPMENT

Section 1.

	 is elected Chairperson.

Section 2.

	 is elected Vice Chairperson.

Section 3.

Vivian Carvalho	 is elected Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary. Kwame Jackson	  is elected Assistant Secretary. Venessa Ripoll		is elected Assistant Secretary.

Section 4.

Jennifer Glasgow	 is elected Treasurer.

Section 5.

Amanda Lane	 is elected Assistant Treasurer. Rick Montejano	 is elected Assistant Treasurer. Verona Griffith	 is elected Assistant Treasurer. Amy Champagne	 is elected Assistant Treasurer.

Section 6.

All resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

Section 7.

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 	 DAY OF 	.

TOMOKA COMMUNITY DEVELOPMENT DISTRICT

ATTEST:

Secretary/Assistant Secretary

Chair/Vice Chair

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Consideration of the Minutes of January 13, 2026, Board of Supervisors’ Meeting

MINUTES OF MEETING

Tomoka Community Development District Regular Board of Supervisors Meeting Tuesday, January 13, 2026, at 4:00 p.m.
Hampton Inn, 150 Flagler Plaza Drive, Palm Coast, FL 32137

Present and constituting a quorum:

Kelly White Nika Hosseini Ida Babazadeh Rick Southwick

Chairperson
Vice Chairperson Assistant Secretary Assistant Secretary

Also present were:

Vivian Carvalho Kwame Jackson Kiara Cuesta Jennifer Glasgow Katie Buchanan

District Manager, PFM Group Consulting LLC ADM, PFM Group Consulting LLC

(via phone)

District Accountant PFM Group Consulting LLC (via phone) District Accountant, PFM Group Consulting LLC (via phone)

District Counsel, Kutak Rock LLP

(via phone)

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order and Roll Call

This meeting was called to order by Ms. Carvalho at approximately 4:01 p.m. and roll call was initiated. Those in attendance are outlined above.

Public Comment Period

There were no public comments.

Consideration of Appointment to Seat #3 Previously held by Amos (Gooch) Cheatham (Term Expires: 11/2026)

This item was deferred.

1 | P age 

Administration of Oath of Office to Newly Appointed Board Member

This item was deferred.

Consideration of Resolution 2026-01, Election of Officers

This item was deferred.

SECOND ORDER OF BUSINESS

General Business Matters

Consideration of the Minutes

of of

the

July

8,

2025,

Board

Supervisors’ Meeting

The Board reviewed the minutes.

Consideration of Resolution 2026-02, Adopting a Revised Fiscal Year 2025 O&M Budget

Ms. Carvalho noted this is a statutory requirement to adjust the budget within the line items for auditing purposes.

Consideration of Resolution 2026-03, Adopting Goals, Objectives, and Performance Measures and Standards for Fiscal Year 2026

2 | P age 

ON MOTION by Ms. White, seconded by Ms. Hosseini, with all in favor, the Board approved Resolution 2026-02, Adopting a Revised Fiscal Year 2025 O&M Budget.

ON MOTION by Ms. Hosseini, seconded by Mr. Southwick, with all in favor, the Board approved the Minutes of the July 8, 2025, Board of Supervisors’ Meeting.

Ms. Carvalho noted this is a statutory requirement. These are the same goals and objectives that were in place for fiscal year 2025. The report is posted each year to the District’s website prior to December 1.

Review and Acceptance of Fiscal Year 2025 Goals, Objectives, and Performance Measures Reporting Form

Ms. Carvalho gave an overview of the reporting form and noted it has been reviewed by the Chair and District Management.

Ratification of FY 2025 Auditor Engagement Letter

Ms. Carvalho noted this was for ratification only.

Ratification

of

Payment

Authorizations Nos. 270 – 291

The Board reviewed the payment authorizations.

There was brief discussion regarding the payment authorization for Sterling Bridge streetlighting.

3 | P age 

ON MOTION by Ms. Hosseini, seconded by Mr. Southwick, with all in favor, the Board ratified the FY 2025 Auditor Engagement Letter.

ON MOTION by Ms. Hosseini, seconded by Ms. Babazadeh, with all in favor, the Board accepted the Fiscal Year 2025 Goals, Objectives, and Performance Measures Reporting Form.

ON MOTION by Ms. Hosseini, seconded by Mr. Southwick, with all in favor, the Board approved Resolution 2026-03, Adopting Goals, Objectives, and Performance Measures and Standards for Fiscal Year 2026.

Ms. White noted the streetlights are leased and the bill is most likely for lease consumption.

and

Ms. Glasgow gave an overview of the electric bill.

Ms. Cuesta will email the bill to Ms. White for review.

Review of District Financials

The Board reviewed the District Financials as of November 2025.

THIRD ORDER OF BUSINESS

Other Business

Staff Reports

District Counsel –

No report.

District Engineer –

Not present.

District Manager –

Ms. Carvalho noted the next meeting is scheduled 2026. It was noted this will start the budget process.

for April

14,

FOURTH ORDER OF BUSINESS

Audience

Comments

and

Supervisors’ Requests

There were no audience comments or supervisor requests at this time.

FIFTH ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

4 | P age 

ON MOTION by Ms. White, seconded by Mr. Southwick with all in favor, the Board accepted the District Financials.

ON MOTION by Ms. Hosseini, seconded by Ms. Babazadeh with all in favor, the Board ratified the Payment Authorizations Nos. 270-291.

Secretary/Assistant Secretary

Chairperson/Vice Chairperson

5 | P age 

ON MOTION by Ms. Hosseini, seconded by Ms. White, with all in favor, the Board adjourned the January 13, 2026, Board of Supervisors’ Meeting at approximately 4:11 p.m.

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Review of the Letter from the Supervisor of Elections – Flagler County (provided under separate cover)

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Consideration of Resolution 2026-04, Approving a Preliminary Budget for Fiscal Year 2027 and Setting a Public Hearing Date

RESOLUTION 2026-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOMOKA COMMUNITY
DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FY 2027; SETTING A PUBLIC HEARING THEREON AND DIRECTING PUBLICATION; ADDRESSING TRANSMITTAL AND POSTING REQUIREMENTS; ADDRESSING SEVERABILITY AND EFFECTIVE DATE.

WHEREAS, for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“FY
2027”), the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Tomoka Community Development District (“District”) prior to June 15, 2026, the proposed budget(s) attached hereto as Exhibit A (“Proposed Budget”); and

WHEREAS, the Board now desires to set the required public hearing on the Proposed Budget.

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

1.

PROPOSED BUDGET APPROVED. The Proposed Budget attached hereto as Exhibit A is

hereby approved preliminarily.

2.

SETTING A PUBLIC HEARING; DIRECTING PUBLICATION.	A public hearing on said

approved Proposed Budget is hereby declared and set for the following date, time, and location, and
District staff is directed to provide notice of the same in accordance with Florida law:

DATE:
TIME: LOCATION:

	, 2026

3.

TRANSMITTAL TO LOCAL GENERAL PURPOSE GOVERNMENT; POSTING OF PROPOSED

BUDGET. The District Manager is hereby directed to (i) submit a copy of the Proposed Budget to the
applicable local general-purpose government(s) at least 60 days prior to its adoption, and (ii) post the approved Proposed Budget on the District’s website in accordance with Chapter 189, Florida Statutes.

4.

SEVERABILITY; EFFECTIVE DATE. The invalidity or unenforceability of any one or more

provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this
Resolution, or any part thereof. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 14 DAY OF APRIL, 2026.

ATTEST:

TOMOKA COMMUNITY DEVELOPMENT
DISTRICT

Secretary / Assistant Secretary

Chair/Vice Chair, Board of Supervisors

Exhibit A: Proposed Budget

Exhibit A
1

FY 2027 Proposed Budget

2

Tomoka CDD
FY27 Proposed Budget

PFM Management Services LLC
3501 Quadrangle Blvd Suite 270
Orlando, FL 32817
407-723-5900

EXHIBIT A
Tomoka Community Development District
Proposed Fiscal Year 2027 Annual Operational & Maintenance Budget

Actual Through 2/28/26

Anticipated March - Sept

Anticipated FY 2026 Total

Adopted FY 2026 Budget

Proposed FY 2027 Budget

Revenues
Maintenance Assessments Off Roll Assessments (Master) Interest Income
TOTAL NET REVENUE

$

376,450.00
32,917.32
177.66

$

19,841.00
32,913.48
-

$

396,291.00
65,830.80
177.66

$

396,291.00
65,830.80
-

$

414,944.04
62,236.59
-

$

409,544.98

$

52,754.48

$

462,299.46

$

462,121.80

$

477,180.63

Master - Administration
Supervisor Fees
Public Official Insurance Trustee Fees
District Management Fees Management Fees - Field Engineering Fees Disclosure Agent
District Counsel Assessment Administration Reamortization Schedule Audit Fees
Arbitrage
Tax Document Preparation Fee Travel & Per Diem
Legal Advertising Meeting Room Web Site
Office Misc (Phone/Postage/Copies/Supplies/etc) Dues, Licenses & Fees
Total Master - Administration

$

- 3,607.00
2,244.80
10,625.00
8,333.35
- 2,625.00
465.00
15,000.00
-
-
-
-
- 109.17
- 1,025.00
0.74
175.00

$

-
- 3,755.20
14,875.00
11,666.65
1,000.00
7,875.00
2,035.00
- 500.00
6,200.00
- 16.84
- 110.00
400.00
1,915.00
5.00
-

$

- 3,607.00
6,000.00
25,500.00
20,000.00
1,000.00
10,500.00
2,500.00
15,000.00
500.00
6,200.00
- 16.84
- 219.17
400.00
2,940.00
5.74
175.00

$

1,600.00
3,828.00
6,000.00
25,500.00
20,000.00
1,000.00
10,500.00
2,500.00
15,000.00
500.00
4,200.00
1,000.00
22.00
250.00
2,500.00
250.00
2,940.00
147.00
175.00

$

1,600.00
4,328.40
6,000.00
25,500.00
20,000.00
1,000.00
10,500.00
2,500.00
15,000.00
500.00
6,400.00
500.00
22.00
- 500.00
400.00
2,940.00
147.00
175.00

$

44,210.06

$

50,353.69

$

94,563.75

$

97,912.00

$

98,012.40

Master - Collector Road 
Electric
Lake Maintenance
Lake Bank Landscape Maintenance
Total Master - Collector Road

$

3,033.90
-
-

$

2,022.60
1,050.00
11,270.00

$

5,056.50
1,050.00
11,270.00

$

23,160.00
1,800.00
19,320.00

$

23,059.60
1,800.00
19,320.00

$

3,033.90

$

14,342.60

$

17,376.50

$

44,280.00

$

44,179.60

TOTAL MASTER

$

47,243.96

$

64,696.29

$

111,940.25

$

142,192.00

$

142,192.00

Neighborhood
Electric
Stormwater R&M (Canal Maintenance) General Insurance
Crime Insurance
Lake Fountain & Maintenance Lake Maintenance
Lake Bank Landscape Maintenance
Repairs & Maintenance (General / Contingency)
Total Neighborhood

$

39,338.96
3,550.00
4,688.00
500.00
5,373.48
22,500.00
43,365.00
3,933.71

$

26,225.97
36,450.00
-
- 8,750.00
31,500.00
60,557.00
9,288.09

$

65,564.93
40,000.00
4,688.00
500.00
14,123.48
54,000.00
103,922.00
13,221.80

$

100,000.00
40,000.00
4,976.00
500.00
15,000.00
61,740.00
84,492.00
13,221.80

$

100,000.00
40,000.00
5,625.60
600.00
15,000.00
61,740.00
84,492.00
27,531.03

$

123,249.15

$

172,771.06

$

296,020.21

$

319,929.80

$

334,988.63

TOTAL NEIGHBORHOOD

$

123,249.15

$

172,771.06

$

296,020.21

$

319,929.80

$

334,988.63

TOTAL BUDGET

$

170,493.11

$

237,467.35

$

407,960.46

$

462,121.80

$

477,180.63

1

Tomoka CDD
FY 2027 O&M Proposed Assessment Comparison

2026
O&M Assessment (Gross)

2027
O&M Assessment (Gross)

Unit Type

Increase / (Decrease)

Platted Lots

$348.13

$348.13

$

(0.00)

2

Tomoka Community Development District
O & M Budget Item Description FY 2027

Budget Item Description

Revenues:

On Roll Maintenance Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected via the tax collector are referred to as “On-Roll Assessments.”

Off-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected through direct billing are referred to as “Off-Roll Assessments.”

Neighborhood Carry Forward

Unused income from a prior year which is available as cash for the current year.

Administrative Expenditures:

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Liability (POL) Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the District trust accounts.

District Management Fees

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Field Management

Reimbursable expenses such as rental car, gas, tolls and/or mileage incurred by the Field Manager for site visits.

Page 1 of 4

3

Tomoka Community Development District
O & M Budget Item Description FY 2027

Engineering Fees

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the District throughout the year.

Disclosure Agent

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the disclosure agent provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage Calculation

Annual computations are necessary to calculate arbitrage rebate liability to ensure the District's compliance with all tax regulations.

Tax Document Preparation Fee

The IRS requires the annual 1099 processing to be electronically filed. These are the fee association with the electronic filing using tax1099.com.

Travel & Per Diem

Travel to and from meetings as related to the District.

Page 2 of 4

4

Tomoka Community Development District
O & M Budget Item Description FY 2027

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to monthly meetings, special meetings, and public hearings for the District.

Meeting Room

Fee charged for renting a room for the monthly advertised meeting.

Web Site Maintenance

Web site maintenance fee.

Office Miscellaneous

Other administrative expenses incurred throughout the year. Specifically, bank fees, checks, postage and printing.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Master – Collector Road

Electric

Electricity to maintain district property.

Lake Maintenance

Maintenance of lake owned by District.

Lake Bank Landscape Maintenance

Maintenance of lake owned by District.

Neighborhood

Electric

Electricity to maintain district property.

Stormwater R&M (Canal Maintenance)

Expenses related to the effort to reduce runoff of rainwater into streets and lawns.

General Insurance

Page 3 of 4

5

Tomoka Community Development District
O & M Budget Item Description FY 2027

General liability insurance.

Crime Insurance

Crime insurance protects the District from financial loss due to theft, fraud, or other dishonest acts involving district funds or assets.

Lake Fountain & Maintenance

Maintenance of lake fountain.

Lake Maintenance

Maintenance of lake owned by District.

General Repair and Maintenance

Repair for items on District property.

Lake Bank Landscape Maintenance

Maintenance of lake owned by District.

R&M Contingency

Other expenses incurred throughout the year.

Page 4 of 4

6

Tomoka CDD
Proposed Debt Service Fund Budget Special Assessment Bonds FY 2027 "Exhibit B"

FY 2027
	Budget	

 Description	

Revenues:

Special Assessments
Total Revenues

$3,663,340
	$3,663,340

Expenditures:

Series 2017 - Interest 11/1/26 Series 2017 - Interest 5/1/27 Series 2017 - Principal 5/1/27 Series 2025 - Interest 11/1/26 Series 2025 - Interest 5/1/27 Series 2025 - Principal 5/1/27
Total Expenditures

$297,359
$297,359
$540,000
$629,249
$629,249
$365,000
	$2,758,216

Excess Revenues / (Expenditures)

	$905,124

Series 2017 - 11/1/27 Interest Series 2025 - 11/1/27 Interest

$283,859.38
$621,264.38

7

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Consideration of Resolution 2026-05, Designating Board Member Seats for the Upcoming 2026 General Election

RESOLUTION 2026-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF

THE

TOMOKA

COMMUNITY	DEVELOPMENT

DISTRICT IMPLEMENTING SECTION 190.006(3)(A)(2)(c),

FLORIDA	STATUTES,

AND

INSTRUCTING

THE

FLAGLER COUNTY SUPERVISOR OF ELECTIONS TO CONDUCT THE DISTRICT’S GENERAL ELECTION

WHEREAS, the Tomoka Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Flagler County, Florida; and

WHEREAS, the Board of Supervisors of the District (hereinafter the “Board”) seeks to implement section 190.006(3)(A)(2)(c), Florida Statutes, and to instruct the Flagler County Supervisor of Elections to conduct the District’s General Elections.

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

Section 1.

The Board is currently comprised of the following individuals: Rick

Southwick, Nika Hosseini, Ida Babazadeh and Kelly White

Section 2.

The term of office for each member of the Board is as follows:

Seat	 Seat 1
Seat 2
Seat 3
Seat 4
Seat 5

Supervisor	 Rick Southwick
Nika Hosseini Vacant
Ida Babazadeh Kelly White

Term Expiration Date 11/2028
11/2028
11/2026
11/2026
11/2026

Section 3.

Seat 3, currently vacant, Seat 4, currently held by Isa Babazadeh, and Seat

5, currently held by Kelly White are scheduled for the General Election in November 2026.

Section 4.

Members of the Board receive $200 per meeting for their attendance, and

no Board member shall receive more than $4,800 per year.

Section 5.

The term of office for the individuals to be elected to the Board in the

November 2026 General Election is four years.

Section 6.

The new Board members shall assume office on the second Tuesday

following their election.

Section 7.

The District hereby instructs the Supervisor of Elections to conduct the

District’s General Elections on the ballot of the 2026 General Election. The District understands

1

that it will be responsible to pay for its proportionate share of the general election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor of Elections.

PASSED AND ADOPTED THIS 14th DAY OF APRIL 2026.

TOMOKA COMMUNITY DEVELOPMENT DISTRICT

CHAIR/VICE CHAIR

ATTEST:

SECRETARY/ASSISTANT SECRETARY

2

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Consideration of Proposals for Canal Cleaning

CHUCK ROBINSON CONCRETE AND BOBCAT
1818 Ronda Ln Pierson, FL 32180 US
+13865270940
chuck@allaquaticfl.com

Estimate

TOTAL

$29,000.00

Accepted By

Accepted Date

Chuck Robinson 386-527-0940
Charlie Hastings 386-916-2608

Thank You For Your Business

DATE

ACTIVITY

QTY

RATE

AMOUNT

01/27/2026

Services
Clean Canal in the Phase 5 area south to US1. aprox 4900 feet in length. Land apply and grade area.
Mobilization included.

1

29,000.00

29,000.00

ESTIMATE #

DATE

1253

01/27/2026

ADDRESS

Ms Margie Hall
103A North Lake Drive Ormond Beach, Fl 32174

Florida Georgia Aquatic Services
2026 Oak St
Bunnell, FL 32110 USA
+13862257606
flgaquatic@gmail.com

Estimate 2130

ADDRESS
Margie Hall Plantation Bay
103A North Lake Drive

SHIP TO
Margie Hall Plantation Bay
103A North Lake Drive Ormond Beach, FL 32174

Ormond Beach, FL

32174

SHIP DATE
04/06/2026

ACTIVITY

DESCRIPTION

QTY

RATE

AMOUNT

Labor

Westlake South Canal Cleanout

1

29,300.00

29,300.00

SUBTOTAL
TAX

29,300.00
0.00

$29,300.00

TOTAL

THANK YOU.

Accepted By

Accepted Date

DATE 04/06/2026

TOTAL
$29,300.00

EXPIRATION DATE 05/11/2026

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Ratification of Series 2017 Bonds Requisition No. 4

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Ratification of Series 2025 Bonds Requisition No. 1

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Ratification of Payment Authorizations 295 – 306

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Review of District Financial Statements

Tomoka CDD
January 2026 Financial Package

January 31st, 2026

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Tomoka Community Development District
Statement of Financial Position As of 1/31/2026

General Fund

Debt Service
Fund

Capital Project
Fund

Long Term Debt
Group

Total

Assets

Current Assets
General Checking Account State Board of Administration Assessments Receivable Assessments Receivable
Debt Service Reserve Series 2017 Bond Debt Service Reserve Series 2025 Bond Revenue Series 2017 Bond
Revenue Series 2025 Bond Interest Series 2025 Bond Prepayment Series 2017 Bond Deferred Cost Series 2017 Bond
Acquisition/Construction 2017 Bond
Acquisition/Construction 2025 Bond
Total Current Assets

$380,592.53 10,728.24
65,599.69

$380,592.53 10,728.24
65,599.69
1,529,513.02
905,650.21
808,076.88
1,152,385.64
200,013.96
0.01
4,785.12
450,276.17
1,835.56
42,031.96

$1,529,513.02 905,650.21
808,076.88
1,152,385.64
200,013.96
0.01
4,785.12
450,276.17

$1,835.56
42,031.96

$456,920.46

$5,050,701.01

$43,867.52

$0.00

$5,551,488.99

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

$3,521,187.99
31,563,812.01

$3,521,187.99
31,563,812.01

$0.00

$0.00

$0.00

$35,085,000.00

$35,085,000.00

$456,920.46

$5,050,701.01

$43,867.52

$35,085,000.00

$40,636,488.99

Total Assets

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue
Total Current Liabilities

$8,100.00
65,599.69

$8,100.00 65,599.69
1,529,513.02

$1,529,513.02

$73,699.69

$1,529,513.02

$0.00

$0.00

$1,603,212.71

Long Term Liabilities
Revenue Bonds Payable LongTerm
Total Long Term Liabilities

$35,085,000.00

$35,085,000.00

$0.00

$0.00

$0.00

$35,085,000.00

$35,085,000.00

Total Liabilities

$73,699.69

$1,529,513.02

$0.00

$35,085,000.00

$36,688,212.71

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

$67,175.29 68,715.23
247,330.25

$67,175.29 68,715.23
247,330.25

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$3,249,562.18
271,625.81

3,249,562.18
271,625.81

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$58,098.74
10,768.78

58,098.74
10,768.78

Net Assets - General Government
Total Net Assets

(25,000.00)

(25,000.00)

$383,220.77

$3,521,187.99

$43,867.52

$0.00

$3,948,276.28

Total Liabilities and Net Assets

$456,920.46

$5,050,701.01

$43,867.52

$35,085,000.00

$40,636,488.99

1

Tomoka Community Development District
Statement of Activities As of 1/31/2026

General Fund

Debt Service
Fund

Capital Project
Fund

Long Term Debt
Group

Total

Revenues

On-Roll Assessments Off-Roll Assessments On-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Transfers In
Total Revenues

$363,607.93
32,917.32

$363,607.93 32,917.32
1,203,457.16
(10,404.58)
10,404.58

$1,203,457.16
(10,404.58)

$10,404.58

$396,525.25

$1,193,052.58

$10,404.58

$0.00

$1,599,982.41

Expenses

Public Officials Insurance Trustee Services Management
Field Management Disclosure Agent District Counsel
Assessment Administration Postage & Shipping
Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees Electric
Stormwater Management General Insurance
Crime Insurance Fountains
Lake Maintenance
Landscaping Maintenance & Material Repair & Maintenance General/Contingency Collector Rd - Electric
Interest Payments
Total Expenses

$3,607.00 2,244.80
8,500.00
8,333.35
2,625.00
465.00
15,000.00
0.74
42.50
880.00
175.00
29,789.68
3,550.00
4,688.00
500.00
5,373.48
22,500.00
34,714.00
3,933.71
2,418.85

$3,607.00 2,244.80
8,500.00
8,333.35
2,625.00
465.00
15,000.00
0.74
42.50
880.00
175.00
29,789.68
3,550.00
4,688.00
500.00
5,373.48
22,500.00
34,714.00
3,933.71
2,418.85
947,139.38

$947,139.38

$149,341.11

$947,139.38

$0.00

$0.00

$1,096,480.49

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

$146.11

$146.11 25,712.61
364.20

$25,712.61

$364.20

$146.11

$25,712.61

$364.20

$0.00

$26,222.92

$247,330.25

$271,625.81

$10,768.78

$0.00

$529,724.84

Change In Net Assets

Net Assets At Beginning Of Year

$135,890.52

$3,249,562.18

$33,098.74

$0.00

$3,418,551.44

Net Assets At End Of Year

$383,220.77

$3,521,187.99

$43,867.52

$0.00

$3,948,276.28

2

Tomoka Community Development District Budget to Actual
For the Period Ending 1/31/2026

Year to Date
Budget

Adopted FY 2026 Budget

Percentage Spent

Actual

Variance

Revenues
On Roll Maintenance Assessments Off Roll Assessments (Master) Interest Income
Net Revenues

$ 363,607.93
32,917.32
146.11

$ 132,097.00
21,943.60
-

$ 231,510.93
10,973.72
146.11

$ 396,291.00
65,830.80
-

91.75%
50.00%
0.00%

$ 396,671.36

$ 154,040.60

$ 242,630.76

$ 462,121.80

85.84%

Master
Supervisor Fees
Public Official Insurance Trustee Fees
District Management Fees Management Fees - Field Engineering Fees Disclosure Agent
District Counsel Assessment Administration Reamortization Schedule Audit Fees
Arbitrage
Tax Document Preparation Fee Travel & Per Diem
Legal Advertising Meeting Room Web Site
Office Misc (Phone/Postage/Copies/Supplies/etc) Dues, Licenses & Fees
Total Master - Administration

$

- 3,607.00
2,244.80
8,500.00
8,333.35
- 2,625.00
465.00
15,000.00
-
-
-
-
- 42.50
- 880.00
0.74
175.00

$

533.33
1,276.00
2,000.00
8,500.00
6,666.67
333.33
3,500.00
833.33
5,000.00
166.67
1,400.00
333.33
7.33
83.33
833.33
83.33
980.00
49.00
58.33

$

(533.33)
2,331.00
244.80
- 1,666.68
(333.33)
(875.00)
(368.33)
10,000.00
(166.67)
(1,400.00)
(333.33)
(7.33)
(83.33)
(790.83)
(83.33)
(100.00)
(48.26)
116.67

$

1,600.00
3,828.00
6,000.00
25,500.00
20,000.00
1,000.00
10,500.00
2,500.00
15,000.00
500.00
4,200.00
1,000.00
22.00
250.00
2,500.00
250.00
2,940.00
147.00
175.00

0.00%
94.23%
37.41%
33.33%
41.67%
0.00%
25.00%
18.60%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.70%
0.00%
29.93%
0.50%
100.00%

$

41,873.39

$

32,637.33

$

9,236.06

$

97,912.00

42.77%

Master - Collector Road (Phase 9A)
Electric
Lake Maintenance
Lake Bank Landscape Maintenance
Total Master - Collector Road

$

2,418.85
-
-

$

7,720.00
600.00
6,440.00

$

(5,301.15)
(600.00)
(6,440.00)

$

23,160.00
1,800.00
19,320.00

10.44%
0.00%
0.00%

$

2,418.85

$

14,760.00

$

(12,341.15)

$

44,280.00

5.46%

Total Master

$

44,292.24

$

47,397.33

$

(3,105.09)

$ 142,192.00

31.15%

Neighborhood Electric Stormwater R&M General Insurance Crime Insurance
Lake Fountain & Maintenance Lake Maintenance Landscape Maintenance
Repair & Maintenance General & Contingency
Total Neighborhood

$

29,789.68
3,550.00
4,688.00
500.00
5,373.48
22,500.00
34,714.00
3,933.71

$

33,333.33
13,333.33
1,658.67
166.67
5,000.00
20,580.00
28,164.00
4,407.27

$

(3,543.65)
(9,783.33)
3,029.33
333.33
373.48
1,920.00
6,550.00
(473.56)

$ 100,000.00
40,000.00
4,976.00
500.00
15,000.00
61,740.00
84,492.00
13,221.80

29.79%
8.88%
94.21%
100.00%
35.82%
36.44%
41.09%
29.75%

$ 105,048.87

$ 106,643.27

$

(1,594.40)

$ 319,929.80

32.83%

Total Expenses

$ 149,341.11

$ 154,040.60

$

(4,699.49)

$ 462,121.80

32.32%

Net Income/(Loss)

$ 247,330.25

$

-

$ 247,330.25

$

-

3

Tomoka CDD
February 2026 Financial Package

February 28, 2026

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Tomoka Community Development District
Statement of Financial Position As of 2/28/2026

General Fund

Debt Service
Fund

Capital Project
Fund

Long Term Debt
Group

Total

Assets

Current Assets
General Checking Account State Board of Administration Assessments Receivable Assessments Receivable
Debt Service Reserve Series 2017 Bond Debt Service Reserve Series 2025 Bond Revenue Series 2017 Bond
Revenue Series 2025 Bond Interest Series 2025 Bond Prepayment Series 2017 Bond Deferred Cost Series 2017 Bond
Acquisition/Construction 2017 Bond
Acquisition/Construction 2025 Bond
Total Current Assets

$372,833.60 10,759.79
52,757.62

$372,833.60 10,759.79
52,757.62
1,487,008.79
905,650.21
808,076.88
1,154,477.11
242,877.56
0.01
4,785.12
454,301.80
1,841.01
44,555.86

$1,487,008.79 905,650.21
808,076.88
1,154,477.11
242,877.56
0.01
4,785.12
454,301.80

$1,841.01
44,555.86

$436,351.01

$5,057,177.48

$46,396.87

$0.00

$5,539,925.36

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

$3,570,168.69
31,514,831.31

$3,570,168.69
31,514,831.31

$0.00

$0.00

$0.00

$35,085,000.00

$35,085,000.00

Total Assets

$436,351.01

$5,057,177.48

$46,396.87

$35,085,000.00

$40,624,925.36

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue
Total Current Liabilities

$8,651.00
52,757.62

$8,651.00 52,757.62
1,487,008.79

$1,487,008.79

$61,408.62

$1,487,008.79

$0.00

$0.00

$1,548,417.41

Long Term Liabilities
Revenue Bonds Payable LongTerm
Total Long Term Liabilities

$35,085,000.00

$35,085,000.00

$0.00

$0.00

$0.00

$35,085,000.00

$35,085,000.00

Total Liabilities

$61,408.62

$1,487,008.79

$0.00

$35,085,000.00

$36,633,417.41

1

Tomoka Community Development District
Statement of Financial Position As of 2/28/2026

General Fund

Debt Service
Fund

Capital Project
Fund

Long Term Debt
Group

Total

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

$67,175.29 68,715.23
239,051.87

$67,175.29 68,715.23
239,051.87

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$3,249,562.18
320,606.51

3,249,562.18
320,606.51

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$58,098.74
13,298.13

58,098.74
13,298.13

Net Assets - General Government
Total Net Assets

(25,000.00)

(25,000.00)

$374,942.39

$3,570,168.69

$46,396.87

$0.00

$3,991,507.95

Total Liabilities and Net Assets

$436,351.01

$5,057,177.48

$46,396.87

$35,085,000.00

$40,624,925.36

2

Tomoka Community Development District
Statement of Activities As of 2/28/2026

General Fund

Debt Service
Fund

Capital Project
Fund

Long Term Debt
Group

Total

Revenues

On-Roll Assessments Off-Roll Assessments On-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Transfers In
Total Revenues

$376,450.00
32,917.32

$376,450.00 32,917.32
1,245,961.39
(12,804.63)
12,804.63

$1,245,961.39
(12,804.63)

$12,804.63

$409,367.32

$1,233,156.76

$12,804.63

$0.00

$1,655,328.71

Expenses

Public Officials Insurance Trustee Services Management
Field Management Disclosure Agent District Counsel
Assessment Administration Postage & Shipping
Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees Electric
Stormwater Management General Insurance
Crime Insurance Fountains
Lake Maintenance
Landscaping Maintenance & Material Repair & Maintenance General/Contingency Collector Rd - Electric
Interest Payments
Total Expenses

$3,607.00 2,244.80
10,625.00
8,333.35
2,625.00
465.00
15,000.00
0.74
109.17
1,025.00
175.00
39,338.96
3,550.00
4,688.00
500.00
5,373.48
22,500.00
43,365.00
3,933.71
3,033.90

$3,607.00 2,244.80
10,625.00
8,333.35
2,625.00
465.00
15,000.00
0.74
109.17
1,025.00
175.00
39,338.96
3,550.00
4,688.00
500.00
5,373.48
22,500.00
43,365.00
3,933.71
3,033.90
947,139.38

$947,139.38

$170,493.11

$947,139.38

$0.00

$0.00

$1,117,632.49

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

$177.66

$177.66 34,589.13
493.50

$34,589.13

$493.50

$177.66

$34,589.13

$493.50

$0.00

$35,260.29

Change In Net Assets

$239,051.87

$320,606.51

$13,298.13

$0.00

$572,956.51

$135,890.52

$3,249,562.18

$33,098.74

$0.00

$3,418,551.44

Net Assets At Beginning Of Year

Net Assets At End Of Year

$374,942.39

$3,570,168.69

$46,396.87

$0.00

$3,991,507.95

3

Tomoka Community Development District Budget to Actual
For the Period Ending 2/28/2026

Year to Date
Budget

Adopted FY 2026 Budget

Percentage Spent

Actual

Variance

Revenues
On Roll Maintenance Assessments Off Roll Assessments (Master) Interest Income
Net Revenues

$ 376,450.00
32,917.32
177.66

$ 165,121.25
27,429.50
-

$ 211,328.75
5,487.82
177.66

$ 396,291.00
65,830.80
-

94.99%
50.00%
0.00%

$ 409,544.98

$ 192,550.75

$ 216,994.23

$ 462,121.80

88.62%

Master
Supervisor Fees
Public Official Insurance Trustee Fees
District Management Fees Management Fees - Field Engineering Fees Disclosure Agent
District Counsel Assessment Administration Reamortization Schedule Audit Fees
Arbitrage
Tax Document Preparation Fee Travel & Per Diem
Legal Advertising Meeting Room Web Site
Office Misc (Phone/Postage/Copies/Supplies/etc) Dues, Licenses & Fees
Total Master - Administration

$

- 3,607.00
2,244.80
10,625.00
8,333.35
- 2,625.00
465.00
15,000.00
-
-
-
-
- 109.17
- 1,025.00
0.74
175.00

$

666.67
1,595.00
2,500.00
10,625.00
8,333.33
416.67
4,375.00
1,041.67
6,250.00
208.33
1,750.00
416.67
9.17
104.17
1,041.67
104.17
1,225.00
61.25
72.92

$

(666.67)
2,012.00
(255.20)
- 0.02
(416.67)
(1,750.00)
(576.67)
8,750.00
(208.33)
(1,750.00)
(416.67)
(9.17)
(104.17)
(932.50)
(104.17)
(200.00)
(60.51)
102.08

$

1,600.00
3,828.00
6,000.00
25,500.00
20,000.00
1,000.00
10,500.00
2,500.00
15,000.00
500.00
4,200.00
1,000.00
22.00
250.00
2,500.00
250.00
2,940.00
147.00
175.00

0.00%
94.23%
37.41%
41.67%
41.67%
0.00%
25.00%
18.60%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.37%
0.00%
34.86%
0.50%
100.00%

$

44,210.06

$

40,796.67

$

3,413.39

$

97,912.00

45.15%

Master - Collector Road (Phase 9A)
Electric
Lake Maintenance
Lake Bank Landscape Maintenance
Total Master - Collector Road

$

3,033.90
-
-

$

9,650.00
750.00
8,050.00

$

(6,616.10)
(750.00)
(8,050.00)

$

23,160.00
1,800.00
19,320.00

13.10%
0.00%
0.00%

$

3,033.90

$

18,450.00

$

(15,416.10)

$

44,280.00

6.85%

Total Master

$

47,243.96

$

59,246.67

$

(12,002.71)

$ 142,192.00

33.23%

Neighborhood Electric Stormwater R&M General Insurance Crime Insurance
Lake Fountain & Maintenance Lake Maintenance Landscape Maintenance
Repair & Maintenance General & Contingency
Total Neighborhood

$

39,338.96
3,550.00
4,688.00
500.00
5,373.48
22,500.00
43,365.00
3,933.71

$

41,666.67
16,666.67
2,073.33
208.33
6,250.00
25,725.00
35,205.00
5,509.08

$

(2,327.71)
(13,116.67)
2,614.67
291.67
(876.52)
(3,225.00)
8,160.00
(1,575.37)

$ 100,000.00
40,000.00
4,976.00
500.00
15,000.00
61,740.00
84,492.00
13,221.80

39.34%
8.88%
94.21%
100.00%
35.82%
36.44%
51.32%
29.75%

$ 123,249.15

$ 133,304.08

$

(10,054.93)

$ 319,929.80

38.52%

Total Expenses

$ 170,493.11

$ 192,550.75

$

(22,057.64)

$ 462,121.80

36.89%

Net Income/(Loss)

$ 239,051.87

$

-

$

239,051.87

$

-

4

TOMOKA
COMMUNITY DEVELOPMENT DISTRICT

Staff Reports