One Daytona Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407-723-5900

The following is the proposed agenda for the upcoming Board of Supervisors’ Meeting for the One Daytona Community Development District (“District”), scheduled to begin at 10:00
a.m. on Friday, July 19, 2019 at the International Motorsports Center, One Daytona Boulevard, Daytona Beach, FL 32114. Questions or comments on the Board Meeting or proposed agenda may be addressed to Carol Harris at HarrisCA@pfm.com or (407) 723-5900. A quorum (consisting of at least three of the five Board Members) will be confirmed prior to the start of the Board Meeting.
For those unable to attend in person, you may participate by telephone: Dial-In:	1-866-398-2885
Code:	656827

AUDITOR SELECTION COMMITTEE MEETING AGENDA
Call to Order & Roll Call
Public Comment Period
Review of Auditing Services Proposal
(provided under separate cover)
Proposer Grau
Proposer CRI
Proposer James Moore and Company
Ranking of Auditing Services Proposal
(provided under separate cover)

Adjournment

BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters
Roll call to confirm a quorum
Public Comment Period
Administrative Matters
Consideration of the Minutes
Consideration of the Board of Supervisors’ Meeting Minutes, May 17, 2019
Consideration of the Auditor Selection Committee Minutes, May 17, 2019

Discussion Related to a Meeting Schedule for Fiscal Year 2019-2020 (During the 2019 Fiscal Year the Board approved a quarterly meeting on the fourth Friday in January, May, July, and September at 10:00 a.m. – proposing 3rd Friday).
Consideration of the Website Maintenance Agreement
Discussion of Public Consumption Policies

Matters Related to District Financing
Review of Auditor Selection Committee Rankings & Selection of an Auditor
Review of the Fiscal Year 2018 Audit
Public Hearing Related to the Adoption of the Appropriations Budget for Fiscal Year 2019-2020
Consideration of Resolution 2019-06, Adoption of the Fiscal Year 2019-2020 Budget
Consideration of Funding Agreement for Fiscal Year 2019-2020
Ratifications of Payment Authorizations
Review of the District’s Financial Position

Other Business
Staff Reports
District Counsel
District Manager 7/19 – BH date
District Engineer
Audience Comments
Supervisor Requests

Adjournment of the Board of Supervisors’ Meeting

One Daytona Community Development District

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Consideration of the Minutes

One Daytona Community Development District

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Consideration of Minutes of the May 17, 2018
Board of Supervisors Meeting

MINUTES OF MEETING

One Daytona Community Development District Board of Supervisors’ Meeting
International Motorsports Center, One Daytona Blvd. Daytona, FL 32114 May 17, 2019 at 10:00 a.m.

Present and constituting a quorum:			

Glenn Ritchey	
Chairman		
Kevin Bowler	Vice-Chairman	(via phone)	
Cheryl Coxwell	Assistant Secretary		
Jeff Boerger	Assistant Secretary		
Craig Neeb	Assistant Secretary	(via phone)	

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Also present were:

Carol Haris	PFM Group Consulting, LLC
Jane Gaarlandt	PFM Group Consulting, LLC
Amy Champagne	PFM Group Consulting, LLC	(via phone)
Mark Watts	District Legal Counsel
Gentry Baumline-Robinson	ISC
Bobby Ball	ZLA
Big John	Public

FIRST ORDER OF BUSINESS	Organizational Matters Call to Order
Mr. Ritchey called the meeting to order at 10:01 a.m. and roll call was taken. A quorum was established with the personal attendance of Board Members Glenn Ritchey, Cheryl Coxwell, and Jeff Boeger. Others in attendance are listed above.

SECOND ORDER OF BUSINESS	Administer Oath of Office- Mr. Boerger

Ms. Harris stated that Mr. Boerger was administered the oath of office prior to the meeting.

THIRD ORDER OF BUSINESS	Public Comment Period

Big John asked if Mr. Ritchey would allow for public comment when the Board discussed the Public Consumption License Agreement. Mr. Richey responded that he would allow it.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the January 18, 2018 Board of Supervisors Meeting.

The Board reviewed the minutes of the January 18, 2018 Board of Supervisors Meeting.

On MOTION by Ms. Coxwell, seconded by Mr. Boerger, with all in favor, the Board approved the Minutes of the January 18, 2018 Board of Supervisors Meeting.

FIFTH ORDER OF BUSINESS

D

ra

Conside

Election of Officers

Ms. Harris recommended Ms. Gaarlandt be names Secretary, Mr. Boerger as Assistant Secretary,

Ms. Patil as an Assistant Secretary, Ms. Glasgow as Treasurer, and Ms. Lane as Assistant

Treasurer.

f

ration of Resolution 2019-04,

t

On MOTION by Ms. Coxwell, seconded by Mr. Boerger, with all in favor, the Board approved Resolution 2019-04, Election of Officers.

SIXTH ORDER OF BUSINESS	Review Registered Voters in the District

Ms. Harris explained that the District is required to contact the Supervisor of Elections every year to determine the number of registered voters reside in the District. There are currently no registered voters as of April 15, 2019.

The Threshold is 6 years and 250 registered voters and then the Board will begin to make its transition to a resident controlled Board via a General Election.

On MOTION by Mr. Boerger, seconded by Ms. Coxwell, with all in favor, the Board accepted the Letter from the Supervisor of Elections.

SEVENTH ORDER OF BUSINESS	Appoint	an	Auditor	Selection Committee

District staff recommend that the Board appoint all members of the Board of Supervisors as the members of the Auditor Selection Committee.

On MOTION by Mr. Boerger, seconded by Ms. Coxwell, with all in favor, the Board approved appointing all Board members as members of the Auditor Selection Committee.

EIGHTH ORDER OF BUSINESS

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ra

Conside

Approving a Preliminary Budget for
FY 2019-2020 and Setting a Public Hearing Date

District staff suggested July 19, 2019 as the public hearing date. The Board reviewed the budget.

f

ration of Resolution 2019-05,

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Ms. Harris explained various line items that were being added to the budget.

Ms. Harris stated that District staff is concerned about the District’s current website provider. They recommended moving the website maintenance to WordPress and a vendor they use with multiple other Districts. This recommendation is due to ADA compliance issue and certification. Several Districts have been sued for ADA compliance issues. The proposed vendor would convert the website for $1,750.00 and migrate the documents and ensure that they are ADA compliant and certify them. The District’s insurance carrier and that suggested website provider recommended quarterly ADA compliance audits to be done by Lighthouse Works.

Mr. Richey asked if the certification comes with an indemnification as well. Ms. Gaarlandt stated that District staff is trying to get clarification for right now. Mr. Richey asked if Ms. Gaarlandt or Ms. Harris could send him that information when they find out because he wants to ensure that the District is fully covered. Ms. Gaarlandt stated that another District is working on an indemnification agreement and she will also pass that on to Mr. Richey. Ms. Harris stated that the cost per year including the audit would be around $2,400.00 per year going forward.

On MOTION by Mr. Boerger, seconded by Ms. Coxwell, with all in favor, the Board approved Resolution 2019-05, Approving a Preliminary Budget for FY 2019-2020 and Setting a Public Hearing Date for July 19, 2019.

NINTH ORDER OF BUSINESS	Consideration of Public Consumption License Agreement

it.

Mr. Watts asked the Board to authorize him as District Counsel to work with the City to finalize the agreement. Once it is finalized and acceptable to District Counsel to authorize the Chair or Vice-
Chair to execute it and bring it back for ratification at the next meeting.

Mr. Watts explained that there was a discussion about jointly developing a set of rules that would govern the conduct under this agreement. He also asked the Board authorize him to start the process for rulemaking at the next meeting and authorize him and Chair or Vice-Chair to work with
the City to finalize the agreement and get it signed and bring it back for ratification.

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Mr. Watts stated that there have been requests from tenants on lot 1 of the Center to allow for patrons to walk around the areas with open containers. The City authorizes it on City right-of-ways. Another attorney put together the license agreement. Mr. Watts suggested that the Board approve it in substantial form. He spoke with the Deputy City Manager who has not had a chance to review

Big John asked about the areas being proposed. He thinks that individuals may walk back to their car with an open container. He asked why it is being limited. Mr. Watts stated that part of what he is working on is how to refine it and what areas should be included and excluded and to establish rules.

Mr. Bowler stated that it becomes common with non-profit organizations that get 1, 3, or 7 day permits. That is where it is most applicable. The Rules that will be set up will govern the Public Consumption License Agreement. District staff will work on creating rules establishing times in which the public consumption would be allowed to take place.

On MOTION by Mr. Ritchey, seconded by Mr. Bowler, with all in favor, the Board approved the Public Consumption Agreement in substantial form authorizing District Counsel to work with the Chair or Vice-Chair and the City to finalize the agreement and get it signed and bring it back for ratification and authorize him to work with District staff to start the Rulemaking P Process.

TENTH ORDER OF BUSINESS	Review of District Financial Position

The Board reviewed the District financials. There was no action required by the Board.

Big John asked if Dayton started paying the District yet. Ms. Champagne stated that she received the first check this month and it will be reflected on the next month’s financial statements.

ELEVENTH ORDER OF BUSINESS	Staff Reports

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District Counsel –Ms. Harris asked if the Public Consumption License will be held by the District. Mr. Watts stated that the license is being jointly granted by the District and the City. The City has police power authority over consumption of alcohol and the District controls the location that is being requested.

Ms. Harris asked if the District will need to look for insurance. Mr. Watts stated that it would need to be updated on the District’s premises liability.

District Manager – Ms. Harris noted that Ms. Gaarlandt has come ne Board. Ms. Harris stated that the District’s public hearing for the adoption of the Fiscal Year 20202 budget is scheduled for July 19, 2019.

District Engineer – No report.

Audience Comments – Big John asked the joint partnership. His questions were answered by the Board.

Supervisor Requests – There were no Supervisor Requests.

TWELFTH ORDER OF BUSINESS	Adjournment

Mr. Bowler requested a motion to adjourn the meeting.

On MOTION by, Mr. Richey seconded by Ms. Coxwell, with all in favor, the One Daytona CDD Continued Board of Supervisors’ Meeting dated May 17, 2019 was adjourned.

 	_ 		 	_ 	_
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

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One Daytona Community Development District

Consideration of Minutes
Of the Auditor Selection Committee Of May 17, 2019

MINUTES OF MEETING

One Daytona Community Development District Board of Supervisors’ Meeting
International Motorsports Center, One Daytona Blvd. Daytona, FL 32114 May 17, 2019 at 10:30 a.m.

Present and constituting a quorum:		

Glenn Ritchey Kevin Bowler Cheryl Coxwell Jeff Boerger Craig Neeb	
Committee Member Committee Member Committee Member Committee Member Committee Member	

(via phone)

(via phone)	

Also present were:			

Carol Harris Jane Gaarlandt Amy Champagne Mark Watts
Gentry Baumline-Robinson Bobby Ball
Big John	
PFM Group Consulting, LLC PFM Group Consulting, LLC PFM Group Consulting, LLC District Legal Counsel
ISC ZLA
Public	

(via phone)	

FIRST ORDER OF BUSINESS	
Business Matters		
	Call to Order		

The meeting was called to order at 10:30 a.m. and roll call was initiated. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS	Review	and	Approval	of	Audit Documents
Audit RFP Notice
Instructions to Proposers
Evaluation	Criteria-	with	and without price

The Committee reviewed the audit documents and the evaluation criteria.

Ms. Harris recommended that audits be produced to the District by July 12, 2019 at 12:00 p.m. She asked the Board if they would like the evaluation criteria to include or exclude price. A discussion took place among the committee members.

A correction needs to be made on the RFP draft to go to Volusia County from Broward County.

On MOTION by Ms. Bowler, seconded by Mr. Boerger, with all in favor, the Committee approved Evaluation Criteria to exclude price, as corrected to reflect Volusia County.

THIRD ORDER OF BUSINESS	Adjournment

There was no additional business to be discussed.

On MOTION by Mr. Richey, seconded by Ms. Boerger, with all in favor, the May 17, 2019 Audit Selection Committee meeting of the One Daytona CDD was adjourned.

 	_ 		 	_ 	_
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

One Daytona Community Development District

DiscusDsion Relarted toaa MeeftingtSchedule for
Fiscal Year 2019-2020

BOARD OF SUPERVISORS MEETING DATES
ONE DAYTONA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018-2019

The Board of Supervisors of the One Daytona Community Development District will hold their regular meetings for Fiscal Year 2019-2020 at 10:00 a.m. at the International Motorsports Center, One Daytona Boulevard, Daytona Beach, FL 32114 unless otherwise indicated, as follows:
January 16, 2020
May 15, 2020
July 17, 2020
September 18, 2020

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these

meetings may be obtained from 12051 Corporate Blvd., Orlando, Florida 32817 or by calling (407)

723-5900.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 382-3256 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

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A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Jane Gaarlandt District Manager

One Daytona Community Development District

Consideration of the Website Maintenance Agreement

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Technical & Human Audit Proposal for Public Facing Digital Assets (Software, Websites & Apps)
Goal: Ensure full compliance for people with disabilities as per:

Nondiscrimination requirements of Title II of
the American Disabilities Act (ADA)

WCAG (Web
Content Accessibility Guidelines)

Section 508 Stipulations

Florida Insurance Alliance / eGIS Risk Advisors Guidelines

Read more about details of the above list on VGlobalTech’s website. All ADA requirements and information on these topics has been compiled in one place for our clients.
URL: https://vglobaltech.com/website-compliance/

VGlobalTech.com ~ Experience Innovation	Page 1 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Version Log:

Date	Version#	Comments	Author	
April 11, 2019	1.0	Technical and Human Audit	VB Joshi	
April 12, 2019	1.1	Added 3 Options	VB Joshi	
April 12, 2019	1.2	Added compliance process flow	VB Joshi	

Your website gets 2 Compliance Seals VGlobalTech’s Technical Compliance Seal & Human Audit Compliance Seal

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VGlobalTech is the ADA, WCAG Compliance Expert, with over 100 ADA & WCAG compliant websites created (….and counting) to-date! We have partnered with a non-profit agency to conduct Human Audit and Certification Seal.

Working together with your company we wish to add social value to the community we live in!

COPYRIGHT ©: This proposal is solely created by VGlobalTech team for its customers and cannot be reproduced,
copied, modified or distributed (including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. Any violations shall be prosecuted.

VGlobalTech.com ~ Experience Innovation	Page 2 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Table of Contents
1.0	The Law	4
2.0	ADA & WCAG Compliance	4
Quarterly Technical & Human Audit Testing	5
Digital Asset Technical Compliance Seal:	6
Human Audit Seal:	6
4.0	Compliance Process Flow	7
5.0	Pricing Options	8
6.0	Proposal Acceptance:	10
7.0	References:	11

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VGlobalTech.com ~ Experience Innovation	Page 3 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

1.0 The Law

Please familiarize your team with the Florida Statute 189.069 Special districts; required reporting of information; web-based public access. Source: http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100- 0199/0189/Sections/0189.069.html

2.0 ADA & WCAG Compliance

Every individual must have equal access to information whether it is in person service or online. This is a general agreement and understanding of access.

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The Internet has dramatically changed the way state and local governments do business. Today, government agencies routinely make much more information about their programs, activities, and services available to the public by posting it on their websites. As a result, many people can easily access this information seven day a week, 24 hours a day.
Many government services and activities are also provided on websites because the public is able to participate in them at any time of day and without the assistance of government personnel. Many government websites offer a low cost, quick, and convenient way of filing tax returns, paying bills, renewing licenses, signing up for programs, applying for permits or funding, submitting job applications, and performing a wide variety of other activities.
The Americans with Disabilities Act (ADA) and, if the government entities receive federal funding, the Rehabilitation Act of 1973 generally require that state and local governments provide qualified individuals with disabilities equal access to their programs, services, or activities unless doing so would fundamentally alter the nature of their programs, services, or activities or would impose an undue burden. One way to help meet these requirements is to ensure that government websites have accessible features for people with disabilities, using the simple steps described in this document. An agency with an inaccessible website may also meet its legal obligations by providing an alternative accessible way for citizens to use the programs or services, such as a staffed telephone information line. These alternatives, however, are unlikely to provide an equal degree of access in terms of hours of operation and the range of options and programs available.
The World Wide Web Consortium (W3C) sets the main international standards for the World Wide Web and its accessibility. W3C created the Web Content Accessibility Guidelines (WCAG 2.0 and 2.1) which are similar to Section 508, but on an international level. WCAG 2.0 and 2.1 requires specific techniques for compliance and is more current than Section 508.
Source: https://www.w3.org/WAI/standards-guidelines/wcag/

VGlobalTech.com ~ Experience Innovation	Page 4 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Quarterly Technical & Human Audit Testing

This audit is as per the Florida Insurance Alliance, eGIS Insurance Advisors and other insurance guidelines. Please check with your insurance agency for specific requirements. Read more here: https://vglobaltech.com/wp- content/uploads/2019/03/FIA_ADA_Guidelines-2019-2020.pdf

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VGlobalTech team is trained and well aware of ADA and WCAG 2.x Compliance guidelines. VGlobalTech has partnered with a local agency for the visually impaired – LightHouse Works. LightHouse has developed a unique program for digital accessibility that is run by visually impaired personnel that are highly skilled in human auditing of websites and software as per the section 508 stipulations. Read more about our partnership here: https://vglobaltech.com/website-compliance/

Together we are now able to provide not one but two compliance seals for all our customers. Details of the compliance seals are below.

VGlobalTech.com ~ Experience Innovation	Page 5 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Digital Asset Technical Compliance Seal:

VGlobalTech in-house technical team shall remediate / test the website / software for ADA, WCAG compliance. VGlobalTech’s technical design & development team is fully aware of the Americans with Disability Act (ADA), Web Content Accessibility Guidelines (WCAG), Section 508 of the Rehabilitation Act of 1973 and overall the design principles of a professional, accessible, functional and responsive web design. The entire team has taken dedicated time and efforts to learn these design principles first hand. Our purpose is clear – Universal, Creative Web design that works for everyone, everywhere and every time!

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Human Audit Seal:

LightHouse Works’ visually impaired personnel shall actually test the website for compliance as per the section 508 and ADA requirements. The VGlobalTech technical team shall remediate any points discovered by LightHouse team and send the site for re-certification. Upon satisfactory completion LightHouse shall provide the Human Audit Seal that will be specific to the site and the VGlobalTech team shall put the seal on the site. This is an added layer of true Human Audit testing that provides full ADA compliance.

VGlobalTech.com ~ Experience Innovation	Page 6 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

4.0 Compliance Process Flow:

Discovery

Human Audit Seal

Technical Audit

Reporting &
Remediation

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A Partnership with a Social Cause to Ensure:

WCAG / ADA
Remediaton

Screen Reader Testing

Screen

ADA COMPLIANCE
WCAG COMPLIANCE
SECTION 508 STIPULATIONS
FIA / eGIS / OTHER INSURANCE & RISK ADVISERS’ COMPLIANCE
TECHNICAL COMPLAINCE SEAL
HUMAN AUDIT COMPLAINCE SEAL
QUARTERLY AUDITS
REMEDIATION
PEACE OF MIND

Technical

Full Compliance Checks

Magnifier Testing

Audit Seal

Automated Testing

Human Audit

VGlobalTech.com ~ Experience Innovation	Page 7 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

Pricing Options

Option 1 (recommended):
Quarterly Technical & Human Audits:
$1200 / Four Audits

Covers all technical AND human audit aspects as per industry experts
Discounted to cover both audits together
Compliance seals renewed after every audit
Ensure site and new content is in compliance with ALL standards
Peace of mind

Option 2:

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Quarterly Technical Audit Only*:
$900 / Four Audits
Covers only technical aspects of elements, html, css, contrast etc as per WCAG
Technical Audit Compliance seal renewed after every audit
Does not cover human audit (additional considerations that are subjective to the person, assistive technology used etc

Option 3:
Quarterly Human Audit Only**:
$800 / Four Audits

Covers only human audit (considerations that are subjective to the person, assistive technology used etc conducted in a lab like environment)
Human Audit Compliance seal renewed after every audit

VGlobalTech.com ~ Experience Innovation	Page 8 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

This proposal includes following points, stipulations terms and conditions:
*(1) conference call or in person meetings per month with client to review metrics, results and monthly recaps *unless otherwise noted
* email and phone communication
*Anything out of the scope of work in the above proposal will be addressed and client will be immediately notified. After notification of additional work, a subsequent quote will be provided to cover that work.
*Client is responsible to adhering to timelines as far as information required to complete the task is concerned. If timelines are not adhered to and exceed 15 business days past the current marketing months, last day, all work will end. A new month with new allocated costs will be presented for future work to commence. No refunds and owed work will be due unless otherwise agreed upon. An Invoice will be provided once signature approval of this project proposal. Payments will be made to VGLOBALTECH
*Client is responsible for verifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible for any legal ramifications arising from work not done as per external agencies / organizations / associations needs if

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proper feedback is not provided by the customer. VGlobalTech’s work will be in best faith but cannot guarantee all compliance / legal needs since we are not the final authority in the ADA or WCAG compliance area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues and cannot be held responsible for any legal or other lawsuits.

Refund Policy: The client may halt work and request for a refund within seven days of the date of signing this services agreement by mailing a signed letter to the main address listed on www.VGlobalTech.com website. If client requests a refund within seven days of the date of signing their agreement they shall be liable to pay for all work completed and will be refunded the remaining balance of the initial payment if billable work has not exceeded a charge that would be greater than client’s initial payment. If client requests a refund after the seven days from the date of the signing of the agreement client is liable to pay for all work completed plus an additional 25% of any remaining balance that may still be due. Once line item projects are complete no refunds will be issued. Confidentiality: All information between client and service provider inclusive of technical and business information relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, profit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and models, regardless of whether such information is designated as “Confidential Information” at the time of its disclosure and will be treated as such and with absolute confidentiality and will
not be shared or used, which will be maintained at all times. The client is not allowed to disclose their price with any third parties. Doing so is in breach of this agreement. All information development will be shared and proprietary information and property between client and service providers.

VGlobalTech.com ~ Experience Innovation	Page 9 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

6.0 Proposal Acceptance:

To accept these project, associated costs and conditions as listed above please sign and date below.
The VGlobalTech proposed solution and terms have been accepted by the customer and the VGlobalTech team can proceed with the project. All payments shall be made according to this agreement.

Please Sign and Date, Return to contact@vglobaltech.com:	

For Customer

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Date

VB Joshi

For VGlobalTech	Date

VGlobalTech.com ~ Experience Innovation	Page 10 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

7.0 References:

ADA Best Practices Tool Kit for State and Local Governments: https://www.ada.gov/pcatoolkit/chap5toolkit.htm

U.S. Department of Justice, Civil Rights Division, Disability Rights Section
https://www.ada.gov/websites2.htm

Web design Standards: https://www.w3schools.com/

Web Content Accessibility Guidelines (WCAG) https://www.w3.org/TR/WCAG21/

VGlobalTech Web Content Accessibility Implementation and Checkpoints:

http://vglobaltech.com/website-compliance/

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Contact Information:
Website: https://vglobaltech.com Email: contact@VGlobalTech.com Call: 321-947-7777

VGlobalTech.com ~ Experience Innovation	Page 11 of 11
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321-947-7777 | Email: contact@VGlobalTech.com
Private and Confidential Document. No part of this document shall be produced, sent, copied to any parties it is not intended for. It is intended for the entities listed clearly on this proposal. Any distribution without written consent shall be procecuted

One Daytona Community Development District

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Discussion of Public Consumption Policies

One Daytona Community Development District

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Review and Acceptance Of
FY 2018 Audit

June 25, 2019

The Board of Supervisors
One Daytona Community Development District

We are pleased to present the results of our audit of the 2018 financial statements of the One Daytona Community Development District (“the District”).

This report to the Board of Supervisors and Management summarizes our audit, the report issued and various analyses and observations related to the District’s accounting and reporting. The document also contains the communications required by our professional standards.

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Our audit was designed, primarily, to express an opinion on the District’s 2018 financial statements. We considered the District’s current and emerging business needs, along with an assessment of risks that could materially affect the financial statements, and aligned our audit procedures accordingly. We conducted the audit with the objectivity and independence that you expect. We received the full support and assistance of District personnel.

At Carr, Riggs & Ingram, LLC (CRI), we are continually evaluating the quality of our professionals’ work in order to deliver audit services of the highest quality that will meet or exceed your expectations. We encourage you to provide any feedback you believe is appropriate to ensure that we do not overlook a single detail as it relates to the quality of our services.

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

We appreciate this opportunity to work with you. If you have any questions or comments, please contact me at 850‐837‐3141 or ajowers@cricpa.com.

Very truly yours,

K. Alan Jowers Partner

Required Communications

As discussed with the Board of Supervisors and Management during our planning process, our audit plan represented an approach responsive to the assessment of risk for the District. Specifically, we planned and performed our audit to:

Perform audit services, as requested by the Board of Supervisors, in accordance with 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, in order to express an opinion on the District’s financial statements for the year ended September 30, 2018;

Communicate directly with the Board of Supervisors and Management regarding the results of our procedures; and

Address with the Board of Supervisors, and management any accounting and financial reporting issues.

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We have audited the financial statements of One Daytona Community Development District for the year ended September 30, 2018, and have issued our report thereon dated June 25, 2019 Professional standards require that we provide you with the following information related to our audit:

MATTER TO BE COMMUNICATED	AUDITOR’S RESPONSE	
Auditor’s responsibility under Generally Accepted Auditing Standards and Government Auditing Standards	See our engagement letter dated November 2, 2018.	
Client’s responsibility	See our engagement letter dated November 2, 2018.	
Planned scope and timing of the audit	See our engagement letter dated November 2, 2018.	
Accounting policies, sensitive estimates, and significant disclosures	Please see the following section titled “Accounting Policies, Sensitive Estimates and Significant Disclosures.”	
Significant difficulties encountered in the audit	None.	
Disagreements with management	None.	
Other findings or issues	Please see item IC2018‐001 on page 19 of the accompanying audited financial statements reporting package.	
Corrected and uncorrected misstatements	Please see the following section titled “Summary of Audit Adjustments.”	

Required Communications

MATTER TO BE COMMUNICATED	AUDITOR’S RESPONSE	
Matters arising from the audit that were discussed with, or the subject of correspondence with, management	None.	
Consultations with other accountants	None of which we are aware.	
Written representations	We have requested certain representations from management that are included in the management representation letter dated June 25, 2019.	

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Accounting Policies, Sensitive Estimates and Significant Disclosures

Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the District are described in Note 2 to the financial statements. No new accounting policies were adopted, and the application of existing policies was not changed during the year. We noted no transactions entered into by the Association during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

MATTER TO BE COMMUNICATED	SENSITIVE ESTIMATE OR SIGNIFICANT DISCLOSURE	
Note 3: Concentration	Significant disclosure	
Note 6: Interlocal Agreement	Significant disclosure	
Note 7: Subsequent Event	Significant disclosure	

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. In addition, certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The following table identifies sensitive estimates and significant disclosures.

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Summary of Audit Adjustments

During the course of our audit, we accumulate differences between amounts recorded by the Organization and amounts that we believe are required to be recorded under Generally Accepted Accounting Principles (“GAAP”). Those adjustments are either recorded (corrected) by the Organization or passed (uncorrected).

In connection with our audit, we proposed the following material adjustments which were corrected by management:

An adjustment totaling $7,500 to properly accrue engineering expenditures.

In connection with our audit, we identified no uncorrected adjustments.

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One Daytona Community Development District

FINANCIAL STATEMENTS

September 30, 2018
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One Daytona Community Development District
Table of Contents September 30, 2018

REPORT
Independent Auditors’ Report	1
FINANCIAL STATEMENTS
Management’s Discussion And Analysis (required supplemental information)	3
Basic Financial Statements Government‐Wide Financial Statements
Statement of Net Position	7
Statement of Activities	8
Fund Financial Statements

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Balance Sheet – Governmental Funds	9
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	10
Notes to Financial Statements	11
Required Supplemental Information (other than MD&A)
Budget to Actual Comparison Schedule ‐ General Fund	17
Independent Auditors’ 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	18
Management Letter	20
Independent Accountants’ Report on Compliance with Section 218.415 Florida Statutes	22

INDEPENDENT AUDITORS’ REPORT

To the Board of Supervisors
One Daytona Community Development District Volusia County, Florida

Report on the Financial Statements

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We have audited the accompanying financial statements of the governmental activities and each major fund of One Daytona Community Development District (hereinafter referred to as “District”), as of and for the year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of  contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes 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.

Auditors’ Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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 entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2018, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

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Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, 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 Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 25, 2019, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and 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.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 25, 2019

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Management’s Discussion And Analysis
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One Daytona Community Development District Management’s Discussion and Analysis

Our discussion and analysis of the One Daytona Community Development District’s financial performance provides an overview of the District’s financial activities for the fiscal year ended September 30, 2018. Please read it in conjunction with the District’s financial statements, which begin on page 7.

FINANCIAL HIGHLIGHTS

At September 30, 2018, the assets of the District exceeded its liabilities by approximately
$113,000.

USING THE ANNUAL REPORT

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This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities on pages 7 ‐ 8 provide information about the activities of the District as a whole and present a longer‐term view of the District’s finances. Fund financial statements start on page 9. For governmental activities, these statements tell how these services were financed in the short‐term as well as what remains for future spending. Fund financial statements also report the District’s operations in more detail than the government‐wide statements by providing information about the District’s most significant funds.

Reporting the District as a Whole

Our analysis of the District as a whole begins on page 4. One of the most important questions asked about the District’s finances is, “Is the District as a whole better off or worse off as a result of the year’s activities?” The Statement of Net Position and the Statement of Activities report information about the District as a whole and about its activities in a way that helps answer this question. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private‐sector companies. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid.

These two statements report the District’s net position and related changes during the current year. You can think of the District’s net position – the difference between assets and liabilities – as one way to measure the District’s financial health, or financial position. Over time, increases or decreases in the District’s net position is one indicator of whether its financial health is improving or deteriorating. You will need to consider other nonfinancial factors; however, such as changes in the District’s assessment base and the condition of the District’s infrastructure, to assess the overall health of the District.

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One Daytona Community Development District Management’s Discussion and Analysis

Reporting the District’s Most Significant Funds

Our analysis of the District’s major funds begins on page 5. The fund financial statements begin on page 9 and provide detailed information about the most significant funds – not the District as a whole. Some funds are required to be established by State law and by bond covenants. All of the District’s funds are governmental fund‐types.

Governmental funds – All of the District’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year‐ end that are available for spending. The governmental fund statements provide a detailed short‐term view of the District’s general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to finance the District’s programs.

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THE DISTRICT AS A WHOLE

The following table reflects the condensed Statement of Net Position and is compared to the prior year.
September 30,	2018	2017	Change Assets

Current and other assets Total assets

$	20,132,415
$	20,132,415

$   20,075,251	$
$   20,075,251	$

57,164
57,164

Liabilities
Current liabilities

$	13,313	$

25,457	$

(12,144)

Unearned revenue	20,000,000	20,000,000	‐

Total liabilities	20,013,313	20,025,457	(12,144)

Deferred inflows of resources
Deferred revenue	5,750	‐	5,750

Net position
Unrestricted	113,352	49,794	63,558

Total liabilities, deferred inflows of resources and net position

$	20,132,415

$   20,075,251	$

57,164

For more detailed information, see the accompanying Statement of Net Position.

During the fiscal year ended September 30, 2018, total assets and liabilities did not change significantly from the prior year.

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One Daytona Community Development District Management’s Discussion and Analysis

The following schedule compares the Statement of Activities for the current and previous fiscal year.

Year ended September 30,	2018	2017	Change	
Revenues:
Program revenues:
Charges for services	

$	60,374	

$	81,468	

$	(21,094)	
General revenues:				
Interest and other revenues	71,058	46,612	24,446	
Total revenues	131,432	128,080	3,352	
Expenses:				
General government	67,874	69,594	(1,720)	
Total expenses	67,874	69,594	(1,720)	
Change in net position	63,558	58,486	5,072	
Net position, beginning (deficit)	49,794	(8,692)	58,486	
Net position, ending	$	113,352	$	49,794	$	63,558	

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For more detailed information, see the accompanying Statement of Activities.

While developer contributions decreased in the current year due to an approximately $24,000 increase in interest revenues, total revenues and expenses remained substantially unchanged from the prior year. The overall result was a $64,000 increase in net position for fiscal year 2018.

THE DISTRICT’S FUNDS

As the District completed the year, its governmental funds (as presented in the balance sheet on page 9) reported a fund balance of approximately $113,000, which is an increase over last year’s balance of $49,794. Significant transactions are discussed below.

During the year ended September 30, 2018, the District received Developer contributions of approximately $60,000.
During the year ended September 30, 2018, the District earned interest on deposits totaling approximately $71,000.

The overall increase in fund balance for the year ended September 30, 2018 totaled approximately
$64,000.

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One Daytona Community Development District Management’s Discussion and Analysis

GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown at page 17.

The District experienced a favorable variance in revenues and expenditures as compared to the budget in the amount of $36,432 and $27,126, respectively. The variances in revenues and expenditures occurred primarily due to the District incurring less in expenses than anticipated, in addition to interest income earned on funds restricted for the construction project.

FUTURE FINANCIAL FACTORS

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One Daytona Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establishes policy and sets assessment rates. Developer contributions for fiscal year 2019 are anticipated to provide for the operations of the District.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District’s finances. If you have questions about this report or need additional financial information, contact the One Daytona Community Development District’s management company at 12051 Corporate Blvd, Orlando, Florida 32817.

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Basic Financial Statements
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One Daytona Community Development District
Statement of Net Position

September 30,	2018
Governmental Activities

Assets
Cash and cash equivalents

$	20,120,852

Assessments receivable	5,813
Prepaid expenses	5,750

Total assets	20,132,415

Accounts payable	13,313	
Unearned revenue	20,000,000	

Total liabilities	
20,013,313	

Deferred inflows of resources
Deferred revenue	

5,750	

Total deferred inflows of resources	
5,750	

Liabilities

Net position

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Unrestricted	113,352

Total net position	$	113,352

The accompanying notes are an integral part of these financial statements.
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One Daytona Community Development District
Statement of Activities

Year ended September 30,

2018

Program Revenues

Net (Expense) Revenue and Changes in Net Position

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

General government

$ (67,874)

$  60,374	$

−	$	‐	$

(7,500)

Total governmental activities

$ (67,874)

$  60,374	$

−	$	‐

(7,500)

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General revenues
Interest and other revenues	71,058 Change in net position	63,558
Net position ‐ beginning of the year	49,794

Net position ‐ end of the year	$	113,352

The accompanying notes are an integral part of these financial statements.
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One Daytona Community Development District Balance Sheet – Governmental Funds

September 30,	2018	

General Fund	
Assets
Cash and cash equivalents	
$	20,120,852	
Due from Developer	5,813	
Prepaid expenditures	5,750	

Total assets	
$	20,132,415	

Liabilities and fund balance
Liabilities

Accounts payable	$	13,313	
Unearned revenue	20,000,000	
Total liabilities	20,013,313	

Deferred inflows of resources Deferred revenue	

5,750	
Total deferred inflows of resources	5,750	

Fund balance Nonspendable	

5,750	
Unassigned	107,602	

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Total fund balance	113,352

Total liabilities and fund balance	$	20,132,415

The accompanying notes are an integral part of these financial statements.
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One Daytona Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances –

Year ended September 30,	2018	

General Fund	
Revenues
Developer contributions	
$	60,374	
Interest	71,058	
Total revenues	131,432	

Expenditures
Current:		
General government	67,874	
Total expenditures	67,874	

Excess of revenues over expenditures	
63,558	
Fund balance, beginning of year	49,794	

Fund balance, end of year	
$	113,352	

Governmental Funds

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The accompanying notes are an integral part of these financial statements.
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One Daytona Community Development District
Notes to Financial Statements

NOTE 1: NATURE OF ORGANIZATION

The One Daytona Community Development District (the “District”) was established on February 5, 2014 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by the City of Daytona Beach. 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.

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The District is governed by a Board of Supervisors (“Board”), which is comprised of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. Certain supervisors are affiliated with the Developer of the District, Daytona Beach Property Holdings Retail, LLC. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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

In evaluating how to define the government, for financial reporting purposes, management has considered all potential component units. The decision to include or exclude a potential component unit in the reporting entity was made by applying the criteria set forth by Generally Accepted Accounting Principles (GAAP) as defined by the Governmental Accounting Standards Board (GASB). Based on the foregoing criteria, no potential component units were found.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following is a summary of the more significant policies:

Government‐wide and Fund Financial Statements

The basic financial statements include both government‐wide and fund financial statements.

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One Daytona Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The government‐wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all the non‐fiduciary activities of the primary government. Governmental activities, which normally are supported by assessments, are reported separately from business‐type activities, which rely to a significant extent on fees and charges for support. The business‐type activities are reported separately in government‐wide financial statements; however, at September 30, 2018, the District did not have any significant business‐type activities. Therefore, no business‐type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or directly benefit from goods or services) are reported as general revenues.

Separate financial statements are provided for governmental funds. Major individual governmental funds are reported as separate columns in the fund financial statements.

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Measurement Focus, Basis of Accounting and Basis of 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 the related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and other 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 District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Developer contributions and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the District. Certain grant funds have been received in advance and are considered unearned revenue until such time as they are expended as part of the infrastructure construction project.

The District reports the following major governmental funds:

General Fund – The General Fund is the primary operating fund of the District. It is used to account for all financial resources except those required to be accounted for in other funds.

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One Daytona Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

For the year ended September 30, 2018, the District does not report any proprietary funds. 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 District’s policy to use restricted resources first, then unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government’s policy to use committed resources first, followed by assigned resources, then unassigned resources as needed.

Cash, Deposits and Investments

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The District maintains deposits with "Qualified Public Depositories" as defined in Chapter 280, Florida Statutes. All Qualified Public Depositories must place with the Treasurer of the State of Florida securities in accordance with collateral requirements determined by the State’s Chief Financial Officer. In the event of default by a Qualified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessments between all Qualified Public Depositories.

Under this method, all the District's deposits are fully insured or collateralized at the highest level of security as defined by GASB, Statement Number 40, Deposits and Investment Disclosures (An Amendment of GASB, Statement Number 3).

The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others direct obligations of the U.S. Treasury; the Local Government Surplus Trust Funds as created by Section 218.405, Florida Statutes; SEC registered money market fund with the highest credit quality rating from a nationally recognized rating agency; and interest‐bearing time deposits or savings accounts in authorized financial institutions.

Deferred Outflows/Inflows of Resources

In addition to assets, the statement of net position will sometimes include 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. The District does not have any of this type of item at September 30, 2018.

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. The District only has one item, deferred revenue, which qualifies for reporting in this category at September 30, 2018.

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One Daytona Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fund Equity

Net position in the government‐wide financial statements represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of resources and is categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents assets related to infrastructure and property, plant and equipment, net of any related debt. Restricted net position represents the assets restricted by creditors or laws and regulations of other governments.

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Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned, or unassigned. Nonspendable fund balance cannot be spent because of its form. Restricted fund balance has limitations imposed by creditors,  grantors, or contributors or by enabling legislation or constitutional provisions. Committed fund balance is a limitation imposed by the District board through approval of resolutions. Assigned fund balance is a limitation imposed by a designee of the District board. Unassigned fund balance in the General Fund is the net resources in excess of what can be properly classified in one of the above four categories. Negative unassigned fund balance in other governmental funds represents excess expenditures incurred over the amounts restricted, committed, or assigned to those purposes.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Budgets

The District is required to establish a budgetary system and an approved annual budget. Annual budgets are legally adopted on a basis consistent with GAAP for the General Fund. Any revision to the budget must be approved by the District Board. The budgets are compared to actual expenditures. In instances where budget appropriations and estimated revenues have been revised during the year, budget data presented in the financial statements represent final authorization amounts.

The District follows these procedures in establishing the budgetary data reflected in the financial statements:

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.

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One Daytona Community Development District
Notes to Financial Statements

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

All budget changes must be approved by the District Board.
Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

NOTE 3: CONCENTRATION

A significant portion of the District’s activity going forward is dependent upon the continued involvement of the Developer, Daytona Beach Property Holding Retail, LLC, which currently owns the majority of the assessable property located within the District boundaries. The loss of support could potentially have a material adverse effect on the District’s operations. During the current year, the Developer contributed $60,374 to the District.

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NOTE 4: 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 maintains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. The District has not incurred any losses or received any insurance claims exceeding the commercial coverage in the previous three years.

NOTE 5: MANAGEMENT COMPANY

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

NOTE 6: INTERLOCAL AGREEMENT

In 2016, the District entered into agreements with the City of Daytona Beach and Volusia County to receive funding for the construction, operation, and maintenance of a phased high quality, mixed‐ use retail and entertainment development to be known as "One Daytona". Estimated construction costs for the development total $812,500,000, including estimated public infrastructure costs totaling $52,906,000.

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One Daytona Community Development District
Notes to Financial Statements

NOTE 6: INTERLOCAL AGREEMENT (Continued)

The City has agreed to make an economic incentive grant payment of $2,000,000 to the District within 30 days after issuance of a construction permit and has agreed for an incentive grant of up to
$18,000,000 during the years under the grant period, which includes years 2016‐2046. The incentive grants will be based on the increase over the 2013 base year value in the ad valorem real and personal property tax revenues collected on properties located within the District. The District has not received any amounts from the City as of September 30, 2018.

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The County agreed to make an initial grant payment of $12,000,000 within 30 days after the issuance of construction permits and agreed to make a second and final grant payment in the amount of $8,000,000 within 30 days of construction. The District received $12,000,000 in 2016, and received the final grant funding of $8,000,000 in 2017 pursuant to the terms in the interlocal agreement. The accumulated funding of $20,000,000 is reported as Unearned revenue in the Statement of Net Position. The Developer has started construction of the development in the current year, and the District expects to reimburse the Developer for related expenses in the near future. Grant amounts will generally be recognized as revenue when future capital outlay expenditures are incurred.

NOTE 7: SUBSEQUENT EVENT

Subsequent to year‐end, the District acquired from the Developer approximately $40 million of constructed infrastructure. $20 million of this infrastructure was funded through the grant payments received from the county. The remaining was received in the form of a capital appreciation bond from the Developer totaling $10.5 million that will be repaid through 2046.

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Required Supplemental Information (Other Than MD&A)

One Daytona Community Development District Budget to Actual Comparison Schedule – General Fund

Year ended September 30,		2018		
	Original and		Variance with	
	Final Budget	Actual Amounts	Final Budget	
Revenues				
Developer contributions	$	95,000	$	60,374	$	(34,626)	
Interest revenues	-	71,058	71,058	
Total revenues	95,000	131,432	36,432	

Expenditures				
General government	95,000	67,874	27,126	
Total expenditures	95,000	67,874	27,126	

Excess of revenues over expenditures	
$	‐	
$	63,558	
$	63,558	

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− 17 ‐

INDEPENDENT AUDITORS’ 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
One Daytona Community Development District Volusia County, Florida

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We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of One Daytona Community Development District (hereinafter referred to as the “District”), as of and for the year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our report thereon dated June 25, 2019.

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 and therefore, material weaknesses or significant deficiencies may exist that were not identified. We did identify a deficiency in internal control described below as IC2018‐ 001 that we consider to be a material weakness.

IC2018‐001: Accrued Expenses
Condition: The District did not accrue approximately $7,500 of general expenditures as of September 30, 2018 even though the work was performed prior to year‐end.

− 18 ‐

Criteria: Internal controls should be in place to provide reasonable assurance that payables and the related expenditures are appropriate and properly accrued.

Cause: The expenditures and payables appear to have been overlooked when the District staff was preparing its annual financial report.

Effect: Accounts payable and expenditures on the financial statements were understated by approximately $7,500.

Recommendation: We recommend the District review general vendor activity within a reasonable timeframe from year‐end to ensure that all applicable liabilities are identified and recorded.

The District’s response to the finding identified in our audit is described below. The District’s response was not subjected to the auditing procedures applied in the audit of the financial statements and accordingly, we express no opinion on it.

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Management response: The District has already taken further steps to ensure that this oversight is avoided in the future.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant 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 result 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.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 25, 2019

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MANAGEMENT LETTER

To the Board of Supervisors
One Daytona Community Development District Volusia County, Florida

Report on the Financial Statements

We have audited the financial statements of One Daytona Community Development District(“District”) as of and for the fiscal year ended September 30, 2017, and have issued our report thereon dated June 25, 2019.

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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 Auditor General.

Other Reports

We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountants’ 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 these reports, which are dated June 25, 2019, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual audit report.

Official Title and Legal Authority

Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.

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Financial Condition

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management’s responsibility to monitor the District’s 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.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

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Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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. In connection with our audit, we did not have any such findings.

Purpose of this Letter

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, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 25, 2019

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INDEPENDENT ACCOUNTANTS’ REPORT

To the Board of Supervisors
One Daytona Community Development District Volusia County, Florida

Draft

We have examined One Daytona Community Development District’s compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2018. Management of One Daytona Community Development District is responsible for the District’s compliance with the specified requirements. Our responsibility is to express an opinion on the District’s compliance with the specified requirements 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's complied, in all material respects, with the specified requirements referenced above. 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.

In our opinion, the District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2018.

This report is intended solely for the information and use of management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 25, 2019

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One Daytona Community Development District

DPurblic Haearingft
Related to the Adoption of the
Appropriations Budget for
Fiscal Year 2019-2020

One Daytona Community Development District

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Consideration of Resolution 2019-06,
Adoption of the
Fiscal Year 2019-2020 Budget

RESOLUTION 2019-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE ONE DAYTONA COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors (“Board”) proposed budgets for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budgets (“Proposed Budget”), the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set July 19, 2019, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the District Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

SECTION 1. BUDGET

The Board of Supervisors has reviewed the District Manager’s Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The District Manager’s Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The adopted budget, as amended, shall be maintained in the office of the District Manager and at the District’s Records Office and identified as “The Budget for the One Daytona Community Development District for the Fiscal Year Ending September 30, 2020.”

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The final adopted budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the One Daytona Community Development District, for the fiscal year beginning October 1, 2019, and ending September 30, 2020, the sum of $ 106,530.00 to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL ALL FUNDS	$106,530.00

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within the fiscal year or within 60 days following the end of the fiscal year may amend its budgets for that fiscal year as follows:

The   Board   may   authorize   an   increase   or    decrease    in    line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section
189.016 of the Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budgets under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

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PASSED AND ADOPTED THIS 19th DAY OF JULY, 2019.

ATTEST:	ONE DAYTONA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its: 	

Exhibit A

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"EXHIBIT A"	
One Daytona Community Development District	
Proposed Fiscal Year 2020 Annual Operations & Maintenance Budget	
(October 1, 2019 through September 30, 2020)	
	FY 2019
Adopted Budget		FY 2020
Proposed Budget	
Revenues				
Developer Funding	$95,000.00		$106,530.00	
Net Revenues	$95,000.00		$106,530.00	
General & Administrative Expenses	
Management	30,000.00		30,000.00	
Engineering	20,000.00		20,000.00	
Travel & Per Diem	200.00		200.00	
District Counsel	25,000.00		25,000.00	
Audit	6,500.00		6,500.00	
Telephone	200.00		100.00	
Postage/Shipping	150.00		150.00	
Copies	200.00		300.00	
Legal Advertising	2,000.00		2,000.00	
Website Maintenance	1,400.00		4,330.00	
Dues, Licenses, and Fees	175.00		175.00	
Public Official Insurance	2,846.00		2,846.00	
General Insurance	3,479.00		3,479.00	
Hurricane Clean up	0.00		5,000.00	
Contingency	0.00		5,000.00	
Miscellaneous	2,850.00		1,450.00	
Total Expenses	$95,000.00		$106,530.00	

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One Daytona Community Development District

DConrsidearation off	t
Funding Agreement
for
Fiscal Year 2019-2020

ONE DAYTONA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019-2020 FUNDING AGREEMENT

This Agreement is made and entered into this 19th day of July 2019, by and between:

ONE DAYTONA COMMUNITY DEVELOPMENT DISTRICT, a local unit of
special-purpose government established pursuant to Chapter 190, Florida Statutes, and located in the City of Daytona Beach, Florida (hereinafter, the "District"), and

DAYTONA BEACH PROPERTY HOLDINGS RETAIL, LLC, a landowner

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and/or developer of property located within the District (hereinafter "Developer").

Recitals

WHEREAS, the District was established by an ordinance adopted by the City Commission for Daytona Beach, Florida, for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently owns and/or is developing a portion of the real property located within the District and described in Exhibit A (the “Property”), attached hereto and incorporated herein. The Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budgets for Fiscal Year 2019- 2020 (which commences on October 1, 2019, and concludes on September 30, 2020); and

WHEREAS, these general fund budgets, which both parties recognize may be amended from time to time, are attached hereto and incorporated herein by reference as Exhibit B; and

WHEREAS, the District has the option of levying non ad valorem assessments on all land, including the Property, that will benefit from the activities, operations and services set forth in the 2019-2020 Fiscal Year budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations activities as described in Exhibit B; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit B to the Property; and

WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit B; and

NOW, therefore, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which is hereby acknowledged, the parties agree as follows:

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The Developer agrees to make available to the District the monies necessary for the operation of the District as called for in the budgets attached hereto as Exhibit B, as may be amended from time to time in the District’s sole discretion, within fifteen (15) days of written request by the District. Amendments to the District’s budgets, as shown in Exhibit B, adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general fund checking account. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.

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

The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.

A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described herein in Paragraphs 2 and 3 above. This instrument shall constitute

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

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This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give 90 days prior written notice to the District under this Agreement of any such sale or disposition.

This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.

This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.

The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

In witness whereof, the parties execute this agreement the day and year first written above.

Attest:	ONE DAYTONA COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	By:	 Its:  	

DAYTONA BEACH PROPERTY

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Witness	HOLDINGS RETAIL, LLC

By: Its:

Exhibit A	Property Description
Exhibit B	Fiscal Year 2019-2020 General Fund Budget

Exhibit A Property Description

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EXHIBIT A
(Legal Description)

DESCRIPTION: PARCEL1

A PORTION OF "AEROSPACE INDUSTRIAL PARK, SECTION ONE" AS RECORDED I N MAP BOOK 27, PAGE 58, OF i'ME PUBUC RECORDS OF VOLUSIA COUNlY, FLORIDA AND "GENERAL ELECTRIC INDUSTRIAL PARK, SECTION ONE, PARCEL 7 REPLAT'' AS RECORDED IN MAP BOOK 36, PAGE 138, OF THE PUBLIC RECORDS OF VOi.USiA COUNlY, FLORIDA AND ALL OF GENERAL ELECTRIC COMPANY PRODUCTION FACll.llY BLOG. NO. 6 AS RECORDED IN MAP BOOK 39, PAGE 118, OF THE PUBLIC RECORDS OF VOLUSIA COUNlY, FLORIDA AND A PORTION OF LOTS 1 THROUGH 6, INCLUSIVE, BILTMORE HEIGHTS SUBDIVISION, AS RECORDED IN MAP BOOK 19, PAGE 149, OF THE PUBUC RECORDS OF VOLUSIA COUNlY, FLORIDA, AND A PORTION CENTRAL INDUSTRIAL PARK, UNRECORDED SUBDIVISION IN SECTION 15, TOWNSHIP 15 SOUTH, RANGE 32 EASE, ALL LYING WITHIN SECTION 14, SECTION 15 AND SECTION 23,TOWNSHIP 15SOUTH, RANGE 32EAST, CITY OF DAYTONA BEACH, VOLUSIA COUNTY,
FLORIDA AND BEING FURTHER DESCRIBED ASFOLLOWS;

BEGINNING ATTHE SOUTHWEST CORNER OF SAID LOT1, BILTMORE HEIGHTS SUBDIVISION, AS RECORDED IN MAP BOOK 19, PAGE 149, OFTHE PUBLIC RECORDS OF VOLUSIA COUNTY, FLORIDA, THENCE ALONG THE WEST LINE OF LOTS 1 THROUGH 4, SAID BILTMORE HEIGHTS, N24"21'56"W, 1181.61FF.ET TO THE SOUTH LINE OF THAT PROPERTY DESCRlllED AS PARCEL 2 INOFFICIAL RECORDS BOOK 5368, PAGE 3394, SAID PUBLIC neconDS; THF.NCE S67"37'28"W ALONG SAID SOUTH LINE, 666.29 FEET TO THE EASTERLY RIGHT OF WAY LINE OF FENTRESS BOULEVARD; THENCE N24.21'56"W ALONG SAID EASTERLY LINE, 100.00 FEET TO THE NORTH LINE OF SAID PARCEL 2;  THENCE N6. 7 37'28"E ALONG SAID NORTH LINE, 666.29 FEETTO THE WESTLINE OFLOT4,SAID BII.TMORE HEIGHTS; THENCE N 24' 21'56" W ALONG THE WEST LINE Of LOTS 4 THROUGH 6, SAID BILTMORE HEIGHTS, 614,83 FEET TO THE SOUTH LINE OF THAT PROPERTY DESCRIBED AS PARCF.L 805 IN OFFICIAL RECORDS BOOK 4576, PAGE 3863, SAID PUBLIC RECORDS; THENCE N67'38'09"E ALONG SAID SOUTH LINE AND ALONG THE SOUTH LINE OF PARCEL 5, PS DESCRIBED IN OFFICIAL RECORDS BOOK 4576, PAGE 3863, SAID PUIJLIC RECORDS, 923.07 FEET TO THE EAST LINE OF THAT PROPERTY DESCRIBED IN OFFICIAL RECORDS BOOK 4576, rAGE 3863, SAID PUBLIC RECORDS; THENCE S24"33'18"E ALONG SAID EAST LINE, 1169.09 FEET TO THE SOUTH LINE OF THAT PROPERlY DESCRIBED IN OFFICIAL RECORDS BOOK 3153, PAGE 858,SAID PUBLIC RECORDS; TUENCE N65"3i"OO"E ALONG SAID SOUTH UNE, 359.61fEET TO THE WESTERLY LINE OF THAT PROPERlY DESCRIBED AS PARCEL C IN OFFICIAL RECORDS BOOK 6430, PAGE 4715, SAID PUllLIC nECORDS, AND THE BEGINNING OF A NON TANGENT CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 26.00 FEET, A CENTMLANGLE OF 80'38'56 " AND A CHono BEARING OF N23"53'36"E; THENCE ALONG THF. NORTHERLY BOUNDARY OF SAID PARCEL C, EASTERLY ALONG THE ARC OF SAID CURVE, 36,60 FEET; THENCE N64 "12' 59"E ALONG SAID NORTHERLY BOUNDARY, 155.85 FEET TO THE BEGINNING OF A NON TANGENT CURVE, CONCAVE SOUTHWF.STERLY, HAVING A RADIUS OF 68.04 PEET, A CENTRAL ANGLE OF 40'53'09" AND A CHORD BEARING OF S80'55'32"E; iHENCE SOUTHEASTERLY ALONG SAID NORTHERLY BOUNDAnY AND ALONG THE AnC OF SAID CURVE, 48.55 FEET TO THE SOUTH LINE OF THAT PROPERTY DESCRIBED IN OFFICIAL RECORDS BOOK 3153, PAGE 858, SAID PUBLIC RECORDS; THENCE AlONG SAID SOUTH LINE N65"37'00"E, 197.64 FEET TO THE WEST LINE OF THAT PROPERTY DESCRIBED AS PARCEL "D" IN OFFICIA'LRECOROS BOOK 6430, PAGE 4715, SAID PUBLIC RECORDS; THENCE N24.27'52"W  ALONG SAID WEST LINE, 530.80 FEET; THENC. E ALONG THE NORTHERLY BOUNDARY OF SAID PARCEL "D" THE FOLLOWING ELEVEN COURSES; N65'58'42"E, 41,80 FEET; THENCE S6B'll '03"E, 66.94 FEET; THENCES53'02'SO"E, 31.06FEET; THENCE S78"46'17"E, 71.92 FEET;THENCE S67'55'46"E, 77.85 FEET; THENCE S79"34'19"E, 102 .61 FEET; THENCE NS1'26'37"E, 74.25 FEET; THENCE S80'53'38"E, 110.85 FEET; THENCE S73'49'15"E, 78.42 FEET; THENCE S84'  33'53"E, 40,35 FEET;
T HENC E N61'29'56"E, 48.48 FEET TO THE NORTHERLY EXTENSION OF THE EAST LINE OF GENERAL ELECTRIC COMPANY PRODUCTION FACILITY BLDG, NO. 6, AS RECORDED IN MAP DOOK 39, PAGE 118, SAID PUBLIC RECORDS; THENCE S24'24'22"E ALONG SAID NORTHERLY EXTENSION AND ALONG SAID EAST LINE AND ALONG THE EAST LINE OF GENERAL ELECTRIC COMPANY INDUSTRIAL PARK SECTION ONE PARCEL 7 REPLAT, AS RECORDED IN MAP BOOK 36,PAGE 138,SAID PUBLIC RECORDS, 1278.41FEET TOTHE sourn LINE OFSAID "G ENERAL ELECTRIC INDUSTRIAL PARK, SECTION ONE, PARCEL 7  REPLAT"; THENCE ALONG SAID SOUTH LINE,  N65' 37'00''E,  301,00 FEET TO THE BEGINNING  OF A CURVE, CONCAVE NORTHWESTERLY, HAVING A RADIUS OF 25.00 FEET ANO CENTRAL ANGLE OF 90'00'00"; THENCE IN A NORTHEASTERLY DIRECTION ALONG THE ARC OF SAID CURVE, 39.27 FEET TO THE INTERSECTION OF SAID sourn LINE OF "GENERAL ELECTRIC INDUSTR IAL PARK, SECTION ONE, PARCEL 7 REPLAT" AND THE WESTERLY RIGIIT OF WAY LINE OF MASON AVENUE EXTENSION, A 100 FOOT RIGHT OF WAY AS NOW LAID OUT AND IN USE, SAID INTERSECTION POINT ALSO LYING ON THE EASTERLY LINE OF SAID "AEROSPACE I NDUSTRIAL PARK, SECTION ONE"; THENCE ALONG SAID EAST LINE OF "AEROSPACE INDUSTRIAL PARK, SECTION ONE" AND THE WESTERLY RIGHT OF WAY LINE OF MASON AVENUE EXTENSION, S24"23'00"E 908.60 FEET TO THE NORntERLY RIGHT OF WAY LINE OF U.S. HIGHWAY 92, ALSO KNOWN AS INTERNATIONAL SPEEDWAY BOULEVARD, A 200.00 FOOT RIGHT OF WAY PER FI.ORIDA DEPARTMENT OF TRANSPORTATION RIGHT OF WAY MAP,SECTION 79060-2514; THENCE ALONG SAID NORTHERLY RIGHTOF WAY LINE, S67°43'22"W, 1359.52FEET; THENCE N24'22'51"W, 28.02 FEET: THENCES67'43'22"W, 211.18 FEET TO THE BEGINNING OF A CURVE, CONCAVE SOUTHERLY, HAVING A MDIUS OF 2992,93 FEET AND CENTRAL ANGLE OF 00'58'49"; THENCE WESTERLY ALONG THE ARC OF SAID CURVE,51.21 FEET; THENCE N25'26'00"W, 76.96 FEET; THENCE S64' 34'00"W,140,00 FEET; THENCE S25°26'00"E, 74,93 FEETTO THE BEGINNING OF A NON TANGENT CURVE, CONCAVE SOUTHERI.Y, HAVING A RADIUS OF 2992,93 FEET AND A CENTRAL ANGLE OF 00'40'54", WITH A CHORD BEARING S63'42'52"W;THENCE WESTEnLY ALONG THE ARCOF SAID CURVE, 35.61FEET TO THE EASTERLY RIGHT OF WAY LINE OF WEST ROAD, AN 80 FOOT RIGHT OF WAY PEn SAID PLAT OF " AEROSPACE INDUSTRIAL PARK, SECTION ONE"; THENCE LEAVING THE NORTHERLY RIGHTOFWAY LINE OFSAIDU,S,HIGHWAY 97., AND PROCEEDING ALONG SAID EASTERLYRIGHT OF WAY LINE OF WEST ROAD, N45"12'44" W, 555,32 FEET; THENCEDEPARTING SAID EASTERLY RIGHT OF WAY LINE OF WEST nOAD, S65'37'00"W, 85.59 FEET TO THE WESTERLY RIGHT Of  WAY LINE OFSAIDWEST ROAD,SAID WESTERLYRIGHT OF WAY LINE ALSO BEING me   WEST LINE OFSAID PLATOF "AEROSPACEINDUSTRIAL PARK, SECTION ONE"; THENCE ALONG SAID WESTLINE, N45' 12'44"W, 760.00 FEET TO THE SOUTH LINE OF SAID LOT1, BILTMORE HEIGHTS; THENCEALONG SAID SOUTH LINE, S58°38'09''W, 289,30 FEETTO THE POINT OF
BEGINNING,

TOGETHER wmt;

PARCEL2

A PORTION OF LOTS 6 THROUGH 12,INCLUSIVE, BILTMORE HEIGHlS SUBDIVISION, AS RECORDED IN MAP BOOK 19, PAGE 149, OF TI-IE PUBLIC RECORDS OF VOLUSIA COUNlY, FLORIDA, All LYING WITHIN SECTION 14, TOWNSlllP 15SOUTH, RANGE 32 F.AST, CllY OF DAYTONA OEACH, VOLUSIA COUNlY, FLORIDA AND BEING FURTHER DESCRIBED AS FOLLOWS:

COMMENCE  AT THE SOUTHWEST CORNER OF LOT 1, SAID BILTMORE HEIGHTS SUBDIVISION,  AS RECORDED IN  MAP BOOK 19, PAGE 149, OF THE PUBLIC RECORDS OF VOLUSIA COUNlY, FLORIDA, THENCE ALONG THE WEST LINE OF SAID LOlS 1 lHROUGH 6, N2. 42i '56"W, 1946,47 FEET TO THE NORTHWEST CORNER OF THAT PROPERlY DESCRIBED AS PARCEL 805 IN OFFICIAL RECORDS BOOK 4576, PAGE 3863, SAID PUBUC RECORDS AND TI1E POINT OF BEGINNING; THENCE N24'21'56"W ALONG THE WEST LINE OF LOTS 6 THROUGH 9, SAID BILTMOREHEIGHTS, 1162.58 FEET TO THE NORTHWEST CORNER OF SAID LOT 9; THENCE N23 "12 '5 6" W AlONG THE WEST LINE OF LOTS 10 THROUGH 12, SAID BILTMORE HEIGHTS, 990.79 FEET TOTHE NORTHWEST CORNER OF SAID LOT12;THENCE N67'41'28"EALONG THENORTH LINE OFSAID LOT12,   A DISTANCE OF 142.98 FEET TO THE WESTERLY RIGHT OF WAY LINE OF DUNN AVENUE AND THE BEGINNING OF A NON TANGENT CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 700.00 FEET, A Cl:NTRAL ANGLE OF 69°19'11 AND A CHORD BEARING OF SS7' 03 ' 45"E; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE AND ALONG THE ARC OF SAID CURVE, 846 .90 FEET; THENCE ALONG SAID WESTERLY RIGHT OF WAY LINE S22'24'10"E, 771.66 FEET TO THE BEGINNING OF A CURVE CONCAVE NORTHEASTERLY,HAVING A RADIUS OF 800,00 FEET AND A CENTRAL ANGLE OF 47'33'49 "; THENCE SOUTHERLY ALONGSAID WESTERLY RIGH, OF WAY LINE AND ALONG THE ARC OF SAID CURVE, 664.11FEET TO THE NORTH LINE OFTHAT PROPERTY DESCRIBED AS PARCELS IN OFFICIAL RECORDS BOOK 4576, PAGE3863, SAID   P U BLIC RECORDS; THENCE S67' 38'15"WALONG SAID NORTH LINE, 251.22 FEET TO THE WEST LINE OF SAID PARCEL 5; THENCE S22' 21'45"E ALONG SAID WEST I.INF., 135.91FEET TO THE NORTH LINE OF SAID PARCEL 805; THENCE S67'38'09"W ALONG SAID NORTH I.INE, 550,75 FEET
TO THE POINT OF BEGINNING.

TOGETHER WITH;

PARCEL3

A PORTION OF LOTS 6 THROUGH 12,INCLUSIVE,BILTMORE HEIGHTS SUBDIVISION, AS RECORDED IN MAP BOOK 19, PAGE 149, OF THE PUBLIC RECORDS OF VOLUSIA COUNTY, FLORIDA, ALLLYING WITHIN SF.CTION 14, TOWNSHIP 15 SOUTH, RANGE 32 EAST, CITY OF DAYTONA BEACH, VOLUSJA COUNlY,FLORIDA AND BEING FURTHERDESCRIBED AS FOtlOWS:

COMMENCE AT THE SOUTHWEST CORNER OF LOT1, SAID BILTMORE HEIGHTS SUBDIVSIION, AS RECORDED IN MAP BOOK 19, PAGE 149 , OF THE PUBLIC RECORDS OF VOLUSIA COUNTY, FLORIDA, THENCE ALONG THE WEST LINE Of LOTS 1 THROUGH 9, SAID BILTMORE HEIGHTS, N24 ' 21' 56"W,3109.05 FEETTO THE NORTHWEST CORNER OF SAID LOT 9;THENCE N23'12.'56"W ALONG THE WEST LINE OF LOTS 10 THROUGH 12, SAID BILTMORE HEIGHTS, 990.79 FEET TO THE NORTHWEST CORNER OF SAID LOT 12; THENCE N67'41'28''E ALONG THE NORTH LINE OF SAID LOT 12, A DISTANCE OF 355.74 FEET TO THE POINT OF BEGINNING, SAID POINT ALSO BEING ON THE EASTERLY RIGHT OF WAY LINE OF DUNN AVENUE; THENCE N 67'41'28"E ALONG THE NORTH LINE OF SAID lOT l2, A DISTANCE OF 750.29 FEETTO THE WEST LINE OF SECURITY FIRST BUSINESS PARK PHASE ONE, AS RECORDEO IN  MAP BOOK 39, PAGE 119, SAID PUBLIC RECORDS; THENCES22' 20'58"E ALONG SAID WEST LINE, 989.89 FEEl' TOTHE NORTH LINE OFSAIDLOT 9; THENCE N67'39'02"E ALONG SAID NORTH LINE, 689.63 FEETTO THEEAST LINE O FTHAT PROPERlY DESCRIBED IN OFFICIAL RECORDS BOOK 4576, PAGE 3863, SAID PUBLIC RECORDS; THENCE S24'21'49"EALONG SAID EAST llNE, 1135.09FEET TO TIIE NORTHERLY RIGHT OF WAY LINE OF DUNN AVENUE; TIIENCE S67'35'35" W ALONG SAID NORTHERLY RIGHT OF WAY LINE,
437.75 FEET TO THE BEGINNING OF A CURVE, CONCAVE NORTHEASTERLY HAVING A RADIUS OF 700.00 FEET AND A CENTML ANGLE OF 90'00'15"; THENCE NORTHWESTERLY ALONG THE EASTERLY RIGHT OF WAY LINEOFSAIDDUNN AVENUE, 1099.61FEET; THENCE N22.24'10"W ALONG SAID EASTERLY RIGHT OF WAY LINE, 771.66 FEETTO THE BEGINNING OF A CURVE, CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF
800.00 FEET AND A CENTRAL ANGLE OF 54'54'12"; THENCE NORTHWESTERLY ALONG SAID EASTERLY RIGHT OF WAY LINE AND THE ARC OF SAID CURVF., 766.60FEETTO THE POINT OF BEGINNING,

CONTAINING 188,89 ACRES, MORE OR LESS.

-2-

Exhibit B
Fiscal Year 2019-2020 General Fund Budget

Draft

"EXHIBIT A"	
One Daytona Community Development District	
Proposed Fiscal Year 2020 Annual Operations & Maintenance Budget	
(October 1, 2019 through September 30, 2020)	
	FY 2019
Adopted Budget		FY 2020
Proposed Budget	
Revenues				
Developer Funding	$95,000.00		$106,530.00	
Net Revenues	$95,000.00		$106,530.00	
General & Administrative Expenses	
Management	30,000.00		30,000.00	
Engineering	20,000.00		20,000.00	
Travel & Per Diem	200.00		200.00	
District Counsel	25,000.00		25,000.00	
Audit	6,500.00		6,500.00	
Telephone	200.00		100.00	
Postage/Shipping	150.00		150.00	
Copies	200.00		300.00	
Legal Advertising	2,000.00		2,000.00	
Website Maintenance	1,400.00		4,330.00	
Dues, Licenses, and Fees	175.00		175.00	
Public Official Insurance	2,846.00		2,846.00	
General Insurance	3,479.00		3,479.00	
Hurricane Clean up	0.00		5,000.00	
Contingency	0.00		5,000.00	
Miscellaneous	2,850.00		1,450.00	
Total Expenses	$95,000.00		$106,530.00	

Draft

One Daytona Community Development District

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Ratification of Funding Requests 62-65

One Daytona Community Development District

Funding Request No. 62	5/21/2019

Item
No.	Payee	Invoice
No.	General
Fund FY18	General
Fund FY19	
1	Cobb Cole
District Counsel Through 4/30/19	

154215	

$	335.00		
2	Deluxe
Check order	

2045061498	

$	154.53		
3	The Daytona Beach News-Journal
Legal Advertisement 5/17/19	

2328467	

$	279.73		
4	PFM Group Consulting, LLC
May 2019 District Management Fee	

DM-05-2019-0045	

$	2,500.00		
	
Subtotal	
$	-	$	3,269.26		
	Total	$3,269.26		

  Draft

Secretary / Assistant Secretary

One Daytona CDD
c/o Fishkind & Associates 12051 Corporate Blvd
Orlando, FL 32817
(407) 382-3256

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One Daytona Community Development District

Funding Request No. 63		6/7/2019			
Item	Payee
No.	Invoice No.	General Fund FY18	General Fund FY19		
1	Carr Riggs & Ingram
Progress bill on FY18 Audit	

16694088		

$	2,000.00		
2	VenturesIn.com, Inc
June 2019 Application and Email Hosting	

44597		

$	105.00		
Less overpayment on FR 055-received $2,568.54			
$	(300.00)		
	Subtotal	$	-	$	1,805.00		
	Total	$1,805.00			

Secretary / Assistant Secretary

One Daytona CDD
c/o Fishkind & Associates 12051 Corporate Blvd
Orlando, FL 32817
(407) 382-3256

Draft

Draft

One Daytona Community Development District

Funding Request No. 64		6/14/2019			
Item	Payee
No.	Invoice No.	General Fund FY18	General Fund FY19		
1	PFM Group Consulting LLC
June 2019 District Management Fee	

DM-06-2019-0044		

$	2,500.00		
	Subtotal	$	-	$	2,500.00		
	Total	$2,500.00			

Secretary / Assistant Secretary

Draft

One Daytona CDD
c/o Fishkind & Associates 12051 Corporate Blvd
Orlando, FL 32817
(407) 382-3256

Draft

Draft

One Daytona Community Development District

Funding Request No. 65		6/21/2019			
Item	Payee
No.	Invoice No.	General Fund FY18	General Fund FY19		
1	The Daytona Beach News-Journal
6/13/19 Legal Advertising	

2331560		

$	355.97		
6/14/2019 Legal Advertising	2331787		$	355.97		
2	Zev Cohen & Associates
Engineering through 5/25/19	

70674		

$	487.50		
3	Fishkind & Associates, Inc
Conference Calls	

24507		

$	17.38		
	Subtotal	$	-	$	1,216.82		
	Total	$1,216.82			

Secretary / Assistant Secretary

One Daytona CDD
c/o Fishkind & Associates 12051 Corporate Blvd
Orlando, FL 32817
(407) 382-3256

Draft

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One Daytona Community Development District

Review of District’s Financial Position

One Daytona Community Development Distri	
Statement of Activities	
As of 5/31/2019	
	General Fund		Debt Service		Construction Fund		Long Term Debt
Group		Total	
Revenues										
Developer Contributions	$36,709.10								$36,709.10	
Inter-Fund Transfers In	(117,175.00)								(117,175.00)	
Ad Valorem and REal Property Tax Revenue			$204,143.04						204,143.04	
Other Income & Other Financing Sources					$20,000,000.00				20,000,000.00	
Inter-Fund Transfers In					117,175.00				117,175.00	
Total Revenues	($80,465.90)		$204,143.04		$20,117,175.00		$0.00		$20,240,852.14	
Expenses										
Travel and Per Diem	$71.10								$71.10	
Public Official Insurance	2,587.00								2,587.00	
District Management	20,000.00								20,000.00	
Engineering	300.00								300.00	
District Counsel	4,180.93								4,180.93	
Audit	3,500.00								3,500.00	
Telephone	23.10								23.10	
Postage & Shipping	10.49								10.49	
Copies	315.60								315.60	
Legal Advertising	1,368.36								1,368.36	
Miscellaneous	154.53								154.53	
Web Site Maintenance	859.99								859.99	
Dues, Licenses, and Fees	175.00								175.00	
General - Insurance	3,163.00								3,163.00	
Financial Advisor					$12,500.00				12,500.00	
Trustee Services					5,675.00				5,675.00	
Engineering					7,500.00				7,500.00	
District Counsel					16,500.00				16,500.00	
Trustee Counsel					5,000.00				5,000.00	
Bond Counsel					70,000.00				70,000.00	
Capital Expenditures					20,000,000.00				20,000,000.00	
Total Expenses	$36,709.10		$0.00		$20,117,175.00		$0.00		$20,153,884.10	
Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$2,374.21								$2,374.21	
Total Other Revenues (Expenses) & Gains (Losses)	$2,374.21		$0.00		$0.00		$0.00		$2,374.21	
Change In Net Assets	($114,800.79)		$204,143.04		$0.00		$0.00		$89,342.25	

Net Assets At Beginning Of Year	$120,852.14		$0.00		$0.00		$0.00		$120,852.14	

Net Assets At End Of Year	
$6,051.35		
$204,143.04		
$0.00		
$0.00		
$210,194.39	

One Daytona Community Development District	
Statement of Financial Position	
As of 5/31/2019	
	General Fund		Debt Service		Construction Fund		Long Term Debt
Group		Total	
			Assets							
Current Assets										
General Checking Account	$3,327.76								$3,327.76	
Restricted Reserve	2,869.06								2,869.06	
Accounts Receivable - Due from Developer	2,969.26								2,969.26	
Revenue Series 2018			$204,143.04						204,143.04	
Total Current Assets	$9,166.08		$204,143.04		$0.00		$0.00		$213,309.12	
Investments										
Amount Available in Debt Service Funds							$204,143.04		$204,143.04	
Amount To Be Provided							17,795,856.96		17,795,856.96	
Total Investments			$0.00		$0.00		$18,000,000.00		$18,000,000.00	
Total Assets	$9,166.08		$204,143.04		$0.00		$18,000,000.00		$18,213,309.12	
Liabilities and Net Assets	
Current Liabilities										
Accounts Payable	$3,114.73								$3,114.73	
Total Current Liabilities	$3,114.73		$0.00		$0.00		$0.00		$3,114.73	
Long Term Liabilities										
Revenue Bonds Payable - Long-Term							$18,000,000.00		$18,000,000.00	
Total Long Term Liabilities			$0.00		$0.00		$18,000,000.00		$18,000,000.00	
Total Liabilities	$3,114.73		$0.00		$0.00		$18,000,000.00		$18,003,114.73	

Net Assets										
									0.00	
Current Year Net Assets, Unrestricted	(117,175.00)								(117,175.00)	
Net Assets - General Government	$120,852.14								$120,852.14	
Current Year Net Assets - General Government	2,374.21								2,374.21	
									$0.00	
Current Year Net Assets, Unrestricted			204,143.04						$204,143.04	
Total Net Assets	$6,051.35		$204,143.04		$0.00		$0.00		$210,194.39	
Total Liabilities and Net Assets	$9,166.08		$204,143.04		$0.00		$18,000,000.00		$18,213,309.12	

One Daytona Community Development District	
	Budget to Actual							
For the month ending 5/31/2019	
			Year To Date					
	Actual		Budget		Variance		FY2019 Adopted Budget	

Revenues								
Developer Contributions	$	36,709.10		$	63,333.33		$	(26,624.23)		$	95,000.00	
Net Revenues	$	36,709.10		$	63,333.33		$	(26,624.23)		$	95,000.00	
General & Administrative Expenses								
Public Official Insurance	$	2,587.00		$	1,897.33		$	689.67		$	2,846.00	
District Management	20,000.00		20,000.00		-		30,000.00	
Engineering	300.00		13,333.33		(13,033.33)		20,000.00	
District Counsel	4,180.93		16,666.67		(12,485.74)		25,000.00	
Audit	3,500.00		4,333.33		(833.33)		6,500.00	
Travel and Per Diem	71.10		133.33		(62.23)		200.00	
Telephone	23.10		133.33		(110.23)		200.00	
Postage & Shipping	10.49		100.00		(89.51)		150.00	
Copies	315.60		133.33		182.27		200.00	
Legal Advertising	1,368.36		1,333.33		35.03		2,000.00	
Miscellaneous	154.53		1,900.00		(1,745.47)		2,850.00	
Web Site Maintenance	859.99		933.33		(73.34)		1,400.00	
Dues, Licenses, and Fees	175.00		116.67		58.33		175.00	
General - Insurance	3,163.00		2,319.33		843.67		3,479.00	
Total General & Administrative Expenses	$	36,709.10		$	63,333.33		$	(26,624.23)		$	95,000.00	
Total Expenses	  $	36,709.10 		  $	63,333.33 		  $	(26,624.23)		  $	95,000.00 	
Income (Loss) from Operations	$	-		$	-		$	-		$	-	
Other Income (Expense)								
Interest Income	$	2,374.21		$	-		$	2,374.21		$	-	
Total Other Income (Expense)	$	2,374.21		$	-		$	2,374.21		$	-	
Net Income (Loss)	$	2,374.21		$	-		$	2,374.21		$	-