Deer Run Community Development District Auditor Selection Evaluation Criteria Ability of Personnel Proposer's Experience Understanding of Scope of Work Ability to Furnish the Required Services Price (e.g., geographic locations of the firm's headquarters or permanent office in relation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing workload; proposed staffing levels, etc.) (e.g., past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character; integrity; reputation of respondent, etc.) Extent to which the proposal demonstrates an understanding of the District's needs for the services requested. Extent to which the proposal demonstrates the adequacy of proposer's financial resources and stability as a business entity necessary to complete the services required (e.g., the existence of any natural disaster plan for business operations). Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to services. Point Total 20 20 20 20 20 100 Proposer Berger, Tooms, Elam, Gaines & Frank Grau & Associates Dimov Audit DEER RUN COMMUNITY DEVELOPMENT DISTRICT PROPOSAL FOR AUDIT SERVICES PROPOSED BY: Berger, Toombs, Elam, Gaines & Frank CERTIFIED PUBLIC ACCOUNTANTS, PL 600 Citrus Avenue, Suite 200 (772) 461-6120 Fort Pierce, Florida 34950 CONTACT PERSON: Maritza Stonebraker, CPA, Director DATE OF PROPOSAL: November 10, 2025 TABLE OF CONTENTS DESCRIPTION OF SECTION PAGE A. Letter of Transmittal 1-2 B. Profile of the Proposer Description and History of Audit Firm 3 Professional Staff Resources 4-5 Ability to Furnish the Required Services 5 A. Governmental Auditing Experience 6-15 B. Fee Schedule 16 C. Scope of Work to be Performed 16 D. Resumes 17-32 E. Peer Review Letter 33 November 10, 2025 Deer Run Community Development District Governmental Management Services 475 West Town Place, Suite 114 St. Augustine, FL 32092 Dear District Manager: Thank you very much for the opportunity to present our professional credentials to provide audit services for Deer Run Community Development District. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has assembled a team of governmental and nonprofit specialists second to none to serve our clients. Our firm has the necessary qualifications and experience to serve as the independent auditors for Deer Run Community Development District. We will provide you with top quality, responsive service. Experience Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a recognized leader in providing services to governmental and nonprofit agencies throughout Florida. We have been the independent auditors for a number of local governmental agencies and through our experience in performing their audits, we have been able to increase our audit efficiency and; therefore, reduce costs. We have continually passed this cost savings on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications 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 the standards for financial and compliance audits. We will conduct the audit in accordance with auditing standards generally accepted in the United States of America; “Government Auditing Standards” issued by the Comptroller General of the United States; the provisions of the Single Audit Act, Subpart F of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up-to-date on all changes that are occurring within the industry. Deer Run Community Development District November 10, 2025 Our firm is a member of the Government Audit Quality Center, an organization dedicated to improving government audit quality. We also utilize the audit program software of a nationally recognized CPA firm to assure us that we are up to date with all auditing standards and to assist us maintain maximum audit efficiencies. To facilitate your evaluation of our qualifications and experience, we have arranged this proposal to include a resume of our firm, including our available staff, our extensive prior governmental and nonprofit auditing experience and clients to be contacted. You need a firm that will provide an efficient, cost-effective, high-quality audit within critical time constraints. You need a firm with the prerequisite governmental and nonprofit experience to perform your audit according to stringent legal and regulatory requirements, a firm that understands the complex nature of community development districts and their unique compliance requirements. You need a firm with recognized governmental and nonprofit specialists within the finance and governmental communities. And, certainly, you need a firm that will provide you with valuable feedback to enhance your current and future operations. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is that firm. Maritza Stonebraker is the person authorized to make representations for the firm. Thank you again for the opportunity to submit this proposal to Deer Run Community Development District. Very truly yours, Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL Fort Pierce, Florida PROFILE OF THE PROPOSER Description and History of Audit Firm Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is a Treasure Coast public accounting firm, which qualifies as a small business firm, as established by the Small Business Administration (13 CFR 121.38), with offices in Fort Pierce and Stuart. We are a member of the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. The firm was formed from the merger of Edwards, Berger, Harris & Company (originated in 1972) and McAlpin, Curtis & Associates (originated in 1949). J. W. Gaines and Associates (originated in 1979) merged with the firm in 2004. Our tremendous growth rate experienced over the last 69 years is directly attributable to the firm’s unrelenting dedication to providing the highest quality, responsive professional services attainable to its clients. We are a member of the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) to assure we meet the highest standards. Membership in this practice section requires that our firm meet more stringent standards than standard AICPA membership. These rigorous requirements include the requirement of a triennial peer review of our firm’s auditing and accounting practice and annual Continuing Professional Education (CPE) for all accounting staff (whether CPA or non-CPA). For standard AICPA membership, only a quality review is required and only CPAs must meet CPE requirements. We are also a member of the Government Audit Quality Center (“the Center”) of the American Institute of Certified Public Accountants to assure the quality of our government audits. Membership in the Center, which is voluntary, requires our firm to comply with additional standards to promote the quality of government audits. We have been extensively involved in serving local government entities with professional accounting, auditing and consulting services throughout the entire 69 year history of our firm. Our substantial experience over the years makes us uniquely qualified to provide accounting, auditing, and consulting services to these clients. We are a recognized leader in providing services to governmental and nonprofit agencies on the Treasure Coast and in Central and South Florida, with extensive experience in auditing community development districts and water control districts. We were the independent auditors of the City of Fort Pierce for over 37 years and currently, we are the independent auditors for St. Lucie County since 2002, and for 34 of the 38 years that the county has been audited by CPA firms. Additionally, we have performed audits of the City of Stuart, the City of Vero Beach, Indian River County and Martin County. We also presently audit over 75 Community Development Districts throughout Florida. Our firm was founded on the belief that we are better able to respond to our clients needs through education, experience, independence, quality control, and personal service. Our firm’s commitment to quality is reflected in our endeavor of professional excellence via continuing education, the use of the latest computer technology, professional membership in PCPS and peer review. We believe our approach to audit engagements, intelligence and innovation teamed with sound professional judgment enables us to explore new concepts while remaining sensitive to the fundamental need for practical solutions. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen. Professional Staff Resources Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has a total of 32 professional and administrative staff (including 12 professional staff with extensive experience servicing government entities). The work will be performed out of our Fort Pierce office with a proposed staff of one senior accountant and one or two staff accountants supervised by an audit manager and audit partner. With the exception of the directors of the firm’s offices, the professional staff is not specifically assigned to any of our individual offices. The professional and administrative staff resources available to you through Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL are as follows: Total Partners/Directors (CPA’s) 7 Managers (1 CPA) 2 Senior/Supervisor Accountants (1 CPA) 3 Staff Accountants 8 Paraprofessional 6 Administrative 6 Total – all personnel 32 Following is a brief description of each employee classification: Staff Accountant – Staff accountants work directly under the constant supervision of the auditor-in-charge and, are responsible for the various testing of documents, account analysis and any other duties as his/her supervisor believes appropriate. Minimum qualification for a staff accountant is graduation from an accredited university or college with a degree in accounting or equivalent. Senior Accountant – A senior accountant must possess all the qualifications of the staff accountant, in addition to being able to draft the necessary reports and financial statements, and supervise other staff accountants when necessary. Managers – A manager must possess the qualifications of the senior accountant, plus be able to work without extensive supervision from the auditor-in-charge. The manager should be able to draft audit reports from start to finish and to supervise the audit team, if necessary. Partner/Director – The director has extensive governmental auditing experience and acts as the auditor-in-charge. Directors have a financial interest in the firm. -4 Professional Staff Resources (Continued) Independence – Independence of the public accounting firm, with respect to the audit client, is the foundation from which the public gains its trust in the opinion issued by the public accounting firm at the end of the audit process. This independence must be in appearance as well as in fact. The public must perceive that the accounting firm is independent of the audit entity to ensure that nothing would compromise the opinion issued by the public accounting firm. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is independent of Deer Run Community Development District, including its elected officials and related parties, at the date of this proposal, as defined by the following rules, regulations, and standards: AuSection 220 – Statements on Auditing Standards issued by the American Institute of Certified Public Accountants; ET Sections 101 and 102 – Code of Professional Conduct of the American Institute of Certified Public Accountants; Chapter 21A-1, Florida Administrative Code; Section 473.315, Florida Statutes; and, Government Auditing Standards, issued by the Comptroller General of the United States. On an annual basis, all members of the firm are required to confirm, in writing, that they have no personal or financial relationships or holding that would impair their independence with regard to the firm’s clients. Independence is a hallmark of our profession. We encourage our staff to use professional judgment in situations where our independence could be impaired or the perception of a conflict of interest might exist. In the governmental sector, public perception is as important as professional standards. Therefore, the utmost care must be exercised by independent auditors in the performance of their duties. Ability to Furnish the Required Services As previously noted in the Profile of the Proposer section of this document, our firm has been in existence for over 74 years. We have provided audit services to some clients for over 30 years continually. Our firm is insured against physical loss through commercial insurance and we also carry liability insurance. The majority of our audit documentation is stored electronically, both on our office network and on each employee laptop or computer assigned to each specific job. Our office computer network is backed up on tape, so in the event of a total equipment loss, we can restore all data as soon as replacement equipment is acquired. In addition, our field laptop computers carry the same data and can be used in the event of emergency with virtually no delay in completing the required services. GOVERNMENTAL AUDITING EXPERIENCE Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL has been practicing public accounting in Florida for 69 years. Our success over the years has been the result of a strong commitment to providing personalized quality service to our clients. The current members of our firm have performed audits of over 1,100 community development districts, and over 2,100 audits of municipalities, counties and other governmental entities such as the City of Fort Pierce and St. Lucie County. Our firm provides a variety of accounting, auditing, tax litigation support, and consulting services. Some of the professional accounting, auditing and management consulting services that are provided by our firm are listed below: • Performance of annual financial and compliance audits, including Single Audits of state and federal financial assistance programs, under the provisions of the Single Audit Act, Subpart F of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), with minimal disruptions to your operations; • Performance of special compliance audits to ascertain compliance with the applicable local, state and federal laws and regulations; • Issuance of comfort letters and consent letters in conjunction with the issuance of taxexempt debt obligations, including compiling financial data and interim period financial statement reviews; • Calculation of estimated and actual federal arbitrage rebates; • Assistance in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement for Excellence in Financial Reporting; • Preparation of indirect cost allocation systems in accordance with Federal and State regulatory requirements; • Providing human resource and employee benefit consulting; • Performance of automation feasibility studies and disaster recovery plans; • Performance feasibility studies concerning major fixed asset acquisitions and utility plant expansion plans (including electric, water, pollution control, and sanitation utilities); and • Assistance in litigation, including testimony in civil and criminal court. • Assist clients who utilize QuickBooks software with their software needs. Our Certified QuickBooks Advisor has undergone extensive training through QuickBooks and has passed several exams to attain this Certification. Continuing Professional Education All members of the governmental audit staff of our firm, and audit team members assigned to this engagement, are in compliance with the Continuing Professional Education (CPE) requirements set forth in Government Auditing Standards issued by the Comptroller General of the United States. In addition, our firm is in compliance with the applicable provisions of the Florida Statutes that require CPA’s to have met certain CPE requirements prior to proposing on governmental audit engagements. GOVERNMENTAL AUDITING EXPERIENCE (CONTINUED) The audit team has extensive experience in performing governmental audits and is exposed to intensive and continuing concentration on these types of audits. Due to the total number of governmental audits our team performs, each member of our governmental staff must understand and be able to perform several types of governmental audits. It is our objective to provide each professional employee fifty hours or more of comprehensive continuing professional education each year. This is accomplished through attending seminars throughout Florida and is reinforced through in-house training. Our firm has made a steadfast commitment to professional education. Our active attendance and participation in continuing professional education is a major part of our objective to obtain the most recent knowledge on issues which are of importance to our clients. We are growing on the reputation for work that our firm is providing today. Quality Control Program Quality control requires continuing commitment to professional excellence. Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants, PL is formally dedicated to that commitment. To ensure maintaining the standards of working excellence required by our firm, we joined the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). To be a participating member firm of this practice section, a firm must obtain an independent Peer Review of its quality control policies and procedures to ascertain the firm’s compliance with existing auditing standards on the applicable engagements. The scope of the Peer Review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm: • Professional, economic, and administrative independence; • Assignment of professional personnel to engagements; • Consultation on technical matters; • Supervision of engagement personnel; • Hiring and employment of personnel; • Professional development; • Advancement; • Acceptance and continuation of clients; and, • Inspection and review system. We believe that our commitment to the program is rewarding not only to our firm, but primarily to our clients. The external independent Peer Review of the elements of our quality control policies and procedures performed by an independent certified public accountant, approved by the PCPS of the AICPA, provides you with the assurance that we continue to conform to standards of the profession in the conduct of our accounting and auditing practice. GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Our firm is also a member of Governmental Audit Quality Center (GAQC), a voluntary membership center for CPA firms that perform governmental audits. This center promotes the quality of governmental audits. Our firm has completed successive Peer Reviews. These reviews included a representative sample of our firm’s local governmental auditing engagements. As a result of these reviews, our firm obtained an unqualified opinion on our quality control program and work procedures. On page 34 is a copy of our most recent Peer Review report. It should be noted that we received a pass rating. Our firm has never had any disciplinary actions by state regulatory bodies or professional organizations. As our firm performs approximately one hundred audits each year that are reviewed by federal, state or local entities, we are constantly dealing with questions from these entities about our audits. We are pleased to say that any questions that have been raised were minor issues and were easily resolved without re-issuing any reports. Certificate of Achievement for Excellence in Financial Reporting (CAFR) We are proud and honored to have been involved with the City of Fort Pierce and the Fort Pierce Utilities Authority when they received their first Certificates of Achievement for Excellence in Financial Reporting for the fiscal years ended September 30, 1988 and 1994, respectively. We were also instrumental in the City of Stuart receiving the award, in our first year of performing their audit, for the year ended September 30, 1999. We also assisted St. Lucie County, Florida for the year ended September 30, 2003, in preparing their first Comprehensive Annual Financial Report, and St. Lucie County has received their Certificate of Achievement for Excellence in Financial Reporting every year since. As continued commitment to insuring that we are providing the highest level of experience, we have had at least one employee of our firm serve on the GFOA – Special Review Committee since the mid-1980s. This committee is made up of selective Certified Public Accountants throughout the United States who have demonstrated their high level of knowledge and expertise in governmental accounting. Each committee member attends a special review meeting at the Annual GFOA Conference. At this meeting, the committee reports on the Certificate of Achievement Program’s most recent results, future goals, and common reporting deficiencies. We feel that our previous experience in assisting the City of Fort Pierce, the Fort Pierce Utilities Authority and St. Lucie County obtain their first CAFRs, and the City of Stuart in continuing to receive a CAFR and our firm’s continued involvement with the GFOA, and the CAFR review committee make us a valued asset for any client in the field of governmental financial reporting. GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) References Florida Green Finance Authority Gateway Community Development Jeff Walker, Special District Services District (561) 630-4922 Stephen Bloom, Severn Trent Management (954) 753-5841 South Village Community Development District Darrin Mossing, Governmental Management Habitat Community Development Services LLC District (407) 841-5524 Cal Teague, Premier District Management (239) 690-7100 ext 101 In addition to the above, we have the following additional governmental audit experience: Community Development Districts Aberdeen Community Development Beacon Lakes Community District Development District Alta Lakes Community Development Beaumont Community Development District District Amelia Concourse Community Bella Collina Community Development Development District District Amelia Walk Communnity Bonnet Creek Community Development District Development District Aqua One Community Development Buckeye Park Community District Development District Arborwood Community Development Candler Hills East Community District Development District Arlington Ridge Community Cedar Hammock Community Development District Development District Bartram Springs Community Central Lake Community Development District Development District Baytree Community Development Channing Park Community District Development District -9 GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Cheval West Community Evergreen Community Development Development District District Coconut Cay Community Forest Brooke Community Development District Development District Colonial Country Club Community Gateway Services Community Development District Development District Connerton West Community Gramercy Farms Community Development District Development District Copperstone Community Greenway Improvement District Development District Creekside @ Twin Creeks Community Greyhawk Landing Community Development District Development District Deer Run Community Development Griffin Lakes Community Development District District Dowden West Community Habitat Community Development Development District District DP1 Community Development Harbor Bay Community Development District District Eagle Point Community Development Harbourage at Braden River District Community Development District East Nassau Stewardship District Harmony Community Development District Eastlake Oaks Community Development District Harmony West Community Development District Easton Park Community Development District Harrison Ranch Community Development District Estancia @ Wiregrass Community Development District Hawkstone Community Development District GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Heritage Harbor Community Madeira Community Development Development District District Heritage Isles Community Marhsall Creek Community Development District Development District Heritage Lake Park Community Meadow Pointe IV Community Development District Development District Heritage Landing Community Meadow View at Twin Creek Development District Community Development District Heritage Palms Community Mediterra North Community Development District Development District Heron Isles Community Midtown Miami Community Development District Development District Heron Isles Community Development Mira Lago West Community District Development District Highland Meadows II Community Montecito Community Development District Development District Julington Creek Community Narcoossee Community Development District Development District Laguna Lakes Community Naturewalk Community Development District Development District Lake Bernadette Community New Port Tampa Bay Community Development District Development District Lakeside Plantation Community Overoaks Community Development Development District District Landings at Miami Community Panther Trace II Community Development District Development District Legends Bay Community Paseo Community Development Development District District Lexington Oaks Community Pine Ridge Plantation Community Development District Development District Live Oak No. 2 Community Piney Z Community Development Development District District GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Poinciana Community Sampson Creek Community Development District Development District Poinciana West Community San Simeon Community Development District Development District Port of the Islands Community Six Mile Creek Community Development District Development District Portofino Isles Community South Village Community Development District Development District Quarry Community Development Southern Hills Plantation I District Community Development District Renaissance Commons Community Southern Hills Plantation III Development District Community Development District Reserve Community South Fork Community Development District Development District Reserve #2 Community St. John's Forest Community Development District Development District River Glen Community Stoneybrook South Community Development District Development District River Hall Community Stoneybrook South at ChampionsGate Development District Community Development District River Place on the St. Lucie Stoneybrook West Community Community Development District Development District Rivers Edge Community Tern Bay Community Development District Development District Riverwood Community Terracina Community Development Development District District Riverwood Estates Community Tison's Landing Community Development District Development District Rolling Hills Community TPOST Community Development Development District District Rolling Oaks Community Development District GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Triple Creek Community Vizcaya in Kendall Development District Development District TSR Community Development Waterset North Community District Development District Turnbull Creek Community Westside Community Development Development District District Twin Creeks North Community WildBlue Community Development Development District District Urban Orlando Community Willow Creek Community Development District Development District Verano #2 Community Willow Hammock Community Development District Development District Viera East Community Winston Trails Community Development District Development District VillaMar Community Zephyr Ridge Community Development District Development District GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Other Governmental Organizations City of Westlake Office of the Medical Examiner, District 19 Florida Inland Navigation District Rupert J. Smith Law Library of St. Lucie County Fort Pierce Farms Water Control District St. Lucie Education Foundation Indian River Regional Crime Seminole Improvement District Laboratory, District 19, Florida Troup Indiantown Water Viera Stewardship District Control District Current or Recent Single Audits, St. Lucie County, Florida Early Learning Coalition, Inc. Gateway Services Community Development District Healthy Start Coalition Members of our audit team have acquired extensive experience from performing or participating in over 1,800 audits of governments, independent special taxing districts, school boards, and other agencies that receive public money and utilize fund accounting. Much of our firm’s auditing experience is with compliance auditing, which is required for publicly financed agencies. In this type of audit, we do a financial examination and also confirm compliance with various statutory and regulatory guidelines. Following is a summary of our other experience, including Auditor General experience, as it pertains to other governmental and fund accounting audits. Counties (Includes elected constitutional officers, utilities and dependent taxing districts) Indian River Martin Okeechobee Palm Beach Municipalities City of Port St. Lucie City of Vero Beach Town of Orchid -14 GOVERNMENTAL AUDIT EXPERIENCE (CONTINUED) Special Districts Bannon Lakes Community Development District Boggy Creek Community Development District Capron Trail Community Development District Celebration Pointe Community Development District Coquina Water Control District Diamond Hill Community Development District Dovera Community Development District Durbin Crossing Community Development District Golden Lakes Community Development District Lakewood Ranch Community Development District Martin Soil and Water Conservation District Meadow Pointe III Community Development District Myrtle Creek Community Development District St. Lucie County – Fort Pierce Fire District The Crossings at Fleming Island St. Lucie West Services District Indian River County Mosquito Control District St. John’s Water Control District Westchase and Westchase East Community Development Districts Pier Park Community Development District Verandahs Community Development District Magnolia Park Community Development District Schools and Colleges Federal Student Aid Programs – Indian River Community College Indian River Community College Okeechobee County District School Board St. Lucie County District School Board Indian River School District – Internal Accounts State and County Agencies Central Florida Foreign-Trade Zone, Inc. (a nonprofit organization affiliated with the St. Lucie County Board of County Commissioners) Florida School for Boys at Okeechobee Indian River Community College Crime Laboratory Indian River Correctional Institution -15 FEE SCHEDULE We propose the fee for our audit services described below to be $4,000 for the years ended September 30, 2025 and 2026, $4,200 for the year ended September 30, 2027, and $4,400 for the years ended September 30, 2028 and 2029. In addition, if a bond issuance occurs in the fiscal year ended September 30, 2025, there will be a fee for each additional bond. The fee is contingent upon the financial records and accounting systems of Deer Run Community Development District being “audit ready” and the financial activity for the District is not materially increased. If we discover that additional preparation work or subsidiary schedules are needed, we will consult with your authorized representative. We can assist with this additional work at our standard rates should you desire. SCOPE OF WORK TO BE PERFORMED If selected as the District's auditors, we will perform a financial and compliance audit in accordance with Section 11.45, Florida Statutes, in order to express an opinion on an annual basis on the financial statements of Deer Run Community Development District as of September 30, 2025, 2026, 2027, 2028, and 2029. The audits will be performed to the extent necessary to express an opinion on the fairness in all material respects with which the financial statements present the financial position, results of operations and changes in financial position in conformity with generally accepted accounting principles and to determine whether, for selected transactions, operations are properly conducted in accordance with legal and regulatory requirements. Reportable conditions that are also material weaknesses shall be identified as such in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters. Other (non-reportable) conditions discovered during the course of the audit will be reported in a separate letter to management, which will be referred to in the Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters. Our audit will be performed in accordance with standards for financial and compliance audits contained in Government Auditing Standards, as well as in compliance with rules and regulations of audits of special districts as set forth by the State Auditor General in Chapter 10.550, Local Governmental Entity Audits, and other relevant federal, state and county orders, statutes, ordinances, charter, resolutions, bond covenants, Administrative Code and procedures, or rules and regulations which may pertain to the work required in the engagement. The primary purpose of our audit will be to express an opinion on the financial statements discussed above. It should be noted that such audits are subject to the inherent risk that errors or irregularities may not be detected. However, if conditions are discovered which lead to the belief that material errors, defalcations or other irregularities may exist or if other circumstances are encountered that require extended services, we will promptly notify the appropriate individual. Commitment to Quality Service Personnel Qualifications and Experience David S. McGuire, CPA, CITP Director – 31 years experience Education . University of Central Florida, B.A. – Accounting . Barry University – Master of Professional Accountancy Registrations . Certified Public Accountant – State of Florida, State Board of Accountancy . Certified Information Technology Professional (CITP) – American Institute of Certified Public Accountants . Certified Not-For-Profit Core Concepts 2018 Professional Affiliations/Community Service . Member of the American and Florida Institutes of Certified Public Accountants . Associate Member, Florida Government Finance Office Associates . Assistant Coach – St. Lucie County Youth Football Organization (1994 – 2005) . Assistant Coach – Greater Port St. Lucie Football League, Inc. (2006 – 2010) . Board Member – Greater Port St. Lucie Football League, Inc. (2011 – 2017) . Treasurer, AIDS Research and Treatment Center of the Treasure Coast, Inc. (2000 – 2003) . Board Member/Treasurer, North Treasure Coast Chapter, American Red Cross (2004 – 2010) . Member/Board Member of Port St. Lucie Kiwanis (1994 – 2001) . President (2014/15) of Sunrise Kiwanis of Fort Pierce (2004 – 2017) . St. Lucie District School Board Superintendent Search Committee (2013 – present) . Board Member – Phrozen Pharoes (2019-2021) Professional Experience . Twenty-eight years public accounting experience with an emphasis on nonprofit and governmental organizations. . Audit Manager in-charge on a variety of audit and review engagements within several industries, including the following government and nonprofit organizations: St. Lucie County, Florida 19th Circuit Office of Medical Examiner Troup Indiantown Water Control District Exchange Club Center for the Prevention of Child Abuse, Inc. Healthy Kids of St. Lucie County Mustard Seed Ministries of Ft. Pierce, Inc. Reaching Our Community Kids, Inc. Reaching Our Community Kids -South St. Lucie County Education Foundation, Inc. Treasure Coast Food Bank, Inc. North Springs Improvement District . Four years of service in the United States Air Force in computer operations, with a top secret (SCI/SBI) security clearance. -17 Commitment to Quality Service Personnel Qualifications and Experience David S. McGuire, CPA, CITP (Continued) Director Continuing Professional Education . Mr. McGuire has attended numerous continuing professional education courses and seminars taught by nationally recognized sponsors in the accounting auditing and single audit compliance areas. He has attended courses over the last two years in those areas as follows: Not-for-Profit Auditing Financial Results and Compliance Requirements Update: Government Accounting Reporting and Auditing Annual Update for Accountants and Auditors -18 Commitment to Quality Service Personnel Qualifications and Experience Matthew Gonano, CPA Director – 14 years total experience Education . University of North Florida, B.B.A. – Accounting . University of Alicante, Spain – International Business . Florida Atlantic University – Masters of Accounting Professional Affiliations/Community Service . American Institute of Certified Public Accountants . Florida Institute of Certified Public Accountants Professional Experience . Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. . Performed audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS) . Performed Single Audits of nonprofit organizations in accordance with OMB Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations. Continuing Professional Education . Mr. Gonano has participated in numerous continuing professional education courses. -19 Commitment to Quality Service Personnel Qualifications and Experience Melissa Marlin, CPA Director – 12 years Education . Indian River State College, A.A. – Accounting . Florida Atlantic University, B.B.A. – Accounting Registrations . Certified Public Accountant – State of Florida, State Board of Accountancy Professional Affiliations/Community Service . Member of the American Institute of Certified Public Accountants . Member of the Florida Institute of Certified Public Accountants . Affiliate member of the Government Finance Officers Association Professional Experience . Accountant with over 10 years of experience providing professional services to nonprofit and governmental entities. . Performed over 300 audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS) . Performed Single Audits of nonprofit organizations in accordance with 2 CFR Part 200 Subpart F, Uniform Guidance, Audits of State, Local Governments, and Non-Profit Organizations. Continuing Professional Education . Mrs. Marlin participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments in accounting and auditing such as: o Governmental Accounting Report and Audit Update o Analytical Procedures, FICPA o Annual Update for Accountants and Auditors o Single Audit Sampling and Other Considerations -20 Commitment to Quality Service Personnel Qualifications and Experience Maritza Stonebraker, CPA Director – 10 years Education . Indian River State College, B.S. – Accounting Registrations . Certified Public Accountant – State of Florida, State Board of Accountancy Professional Affiliations/Community Service . Member of the American Institute of Certified Public Accountants . Member of the Florida Institute of Certified Public Accountants . Affiliate of the Government Finance Officers Association Professional Experience . Maritza launched her professional auditing career at Berger, Toombs, Elam, Gaines, & Frank, accumulating over 9 years of expertise in the field . Performed over 300 audits of nonprofit and governmental organizations in accordance with Governmental Accounting Auditing Standards (GAAS) . Performed Single Audits of nonprofit organizations in accordance with 2 CFR Part 200 Subpart F, Uniform Guidance, Audits of State, Local Governments, and Non-Profit Organizations. Continuing Professional Education . Mrs. Stonebraker participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments in accounting and auditing such as: o Governmental Accounting Report and Audit Update o Analytical Procedures, FICPA o Annual Update for Accountants and Auditors o Single Audit Sampling and Other Considerations -21 Commitment to Quality Service Personnel Qualifications and Experience Jonathan Herman, CPA Director – 12 years Education . University of Central Florida, B.S. – Accounting . Florida Atlantic University, MACC Registrations . Certified Public Accountant – State of Florida, State Board of Accountancy Professional Affiliations/Community Service . Member of the American and Florida Institutes of Certified Public Accountants . Affiliate member Government Finance Officers Association Professional Experience . Over 10 years experience in all phases of public accounting and auditing experience, with a concentration in financial and compliance audits. Mr. Herman has been involved in all phases of the audits listed on the preceding pages. Continuing Professional Education . Has participated in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. He has attended courses in those areas over the last two years such as: Governmental Accounting Report and Audit Update Annual Update: Government Accounting Reporting and Auditing Annual Update for Accountants and Auditors -22 Commitment to Quality Service Personnel Qualifications and Experience David F. Haughton, CPA Accounting and Audit Manager – 34 years Education . Stetson University, B.B.A. – Accounting Registrations . Certified Public Accountant – State of Florida, State Board of Accountancy Professional Affiliations/Community Service . Member of the American and Florida Institutes of Certified Public Accountants . Former Member of Florida Institute of Certified Public Accountants Committee on State and Local Government . Affiliate Member Government Finance Officers Association (GFOA) for over 10 years . Affiliate Member Florida Government Finance Officers Association (FGFOA) for over 10 years . Technical Review – 1997 FICPA Course on State and Local Governments in Florida . Board of Directors – Kiwanis of Ft. Pierce, Treasurer – 1994-1999; Vice President – 19992001 Professional Experience . Twenty-seven years public accounting experience with an emphasis on governmental and nonprofit organizations. . State Auditor General’s Office – West Palm Beach, Staff Auditor, June 1985 to September 1985 . Accounting and Audit Manager of Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL, responsible for audit and accounting services including governmental and not-for-profit audits. . Over 20 years of public accounting and governmental experience, specializing in governmental and nonprofit organizations with concentration in special districts, including Community Development Districts which provide services including water and sewer utilities. Governmental and non-profit entities served include the following: Counties: St. Lucie County Municipalities: City of Fort Pierce City of Stuart -23 Commitment to Quality Service Personnel Qualifications and Experience David F. Haughton, CPA (Continued) Accounting and Audit Manager Professional Experience (Continued) Special Districts: Bluewaters Community Development District Country Club of Mount Dora Community Development District Fiddler’s Creek Community Development District #1 and #2 Indigo Community Development District North Springs Improvement District Renaissance Commons Community Development District St. Lucie West Services District Stoneybrook Community Development District Summerville Community Development District Terracina Community Development District Thousand Oaks Community Development District Tree Island Estates Community Development District Valencia Acres Community Development District Non-Profits: The Dunbar Center, Inc. Hibiscus Children’s Foundation, Inc. Hope Rural School, Inc. Maritime and Yachting Museum of Florida, Inc. Tykes and Teens, Inc. United Way of Martin County, Inc. Workforce Development Board of the Treasure Coast, Inc. . While with the Auditor General’s Office he was on the staff for the state audits of the Martin County School District and Okeechobee County School District. . During 1997 he performed a technical review of the Florida Institute of Certified Public Accountants state CPE course on Audits of State and Local Governments in Florida. His comments were well received by the author and were utilized in future updates to the course. Continuing Professional Education . During the past several years, he has participated in numerous professional development training programs sponsored by the AICPA and FICPA, including state conferences on special districts and governmental auditing in Florida. He averages in excess of 100 hours bi-annually of advanced training which exceeds the 80 hours required in accordance with the continuing professional education requirements of the Florida State Board of accountancy and the AICPA Private Companies Practice Section. He has over 75 hours of governmental CPE credit within the past two years. -24 Commitment to Quality Service Personnel Qualifications and Experience Paul Daly Senior Accountant – 14 years Education . Florida Atlantic University, B.S. – Accounting Professional Experience . Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Working to attain the requirements to take the Certified Public Accounting (CPA) exam. -25 Commitment to Quality Service Personnel Qualifications and Experience Bryan Snyder Manager – 11 years Education . Florida Atlantic University, B.B.A. – Accounting Professional Experience . Accountant beginning his professional auditing career with Berger, Toombs, Elam, Gaines, & Frank. . Mr. Snyder is gaining experience auditing governmental & nonprofit entities. Continuing Professional Education . Mr. Snyder participates in numerous continuing education courses and plans on working to acquire his CPA certificate. . Mr. Snyder is currently studying to pass the CPA exam. -26 Commitment to Quality Service Personnel Qualifications and Experience Tifanee Terrell, CPA Senior Accountant – 5 years Education . Florida Atlantic University, M.A.C.C. – Accounting Professional Experience . Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Ms. Terrell participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. -27 Commitment to Quality Service Personnel Qualifications and Experience Dylan Dixon Senior Accountant – 4 years Education . Indian River State College, B.S. – Accounting . Florida Gulf Coast University, M.S. – Accounting Professional Experience . Senior Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Mr. Dixon participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. . Mr. Dixon is currently studying to pass the CPA exam. -28 Commitment to Quality Service Personnel Qualifications and Experience Brennen Moore Staff Accountant – 3 years Education . Indian River State College, B.S. – Accounting Professional Experience . Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Mr. Moore participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. -29 Commitment to Quality Service Personnel Qualifications and Experience Katie Gifford Staff Accountant – 2 years Education . Indian River State College, B.S. – Accounting Professional Experience . Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Ms. Gifford participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. -30 Commitment to Quality Service Personnel Qualifications and Experience Rayna Zicari Staff Accountant – 2 years Education . Stetson University, B.B.A. – Accounting Professional Experience . Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Ms. Zicari participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. -31 Commitment to Quality Service Personnel Qualifications and Experience Deandre McFadden Staff Accountant – 1 year Education . Florida Atlantic University, B.S. – Accounting Professional Experience . Staff Accountant with Berger, Toombs, Elam, Gaines, & Frank providing professional services to nonprofit and governmental entities. Continuing Professional Education . Mr. McFadden participates in numerous continuing professional education courses provided by nationally recognized sponsors to keep abreast of the latest developments. -32 Proposal to Provide Financial Auditing Services: DEER RUN COMMUNITY DEVELOPMENT DISTRICT Proposal Due: November 10, 2025 5:00PM Submitted to: Deer Run Community Development District c/o District Manager 475 West Town Place, Suite 114 St. Augustine, Florida 32092 Submitted by: Antonio J. Grau, Partner Grau & Associates 1001 Yamato Road, Suite 301 Boca Raton, Florida 33431 Tel (561) 994-9299 (800) 229-4728 Fax (561) 994-5823 tgrau@graucpa.com www.graucpa.com Table of Contents Page EXECUTIVE SUMMARY / TRANSMITTAL LETTER . 1 FIRM QUALIFICATIONS.3 FIRM & STAFF EXPERIENCE . 6 REFERENCES………………. . 11 SPECIFIC AUDIT APPROACH. 13 COST OF SERVICES . 17 SUPPLEMENTAL INFORMATION . 19 November 10, 2025 Deer Run Community Development District c/o District Manager 475 West Town Place, Suite 114 St. Augustine, Florida 32092 Re: Request for Proposal for Professional Auditing Services for the fiscal year with an option for four (4) additional annual renewals. ended September 30, 2025, agpGDuorrisoavdtvueirtir i.d&c nWitm n’Asege s ( sanstoerht,ecr ewvi aai“entcDe e aeisssrn (teterGo ier rcCgsatpeo”u)tem)i cc Rwmi aaeeulnqllynudc oie etrmsyqot ub Defiusoep srvtpth e ePteldeor oo aptmppompo p eosornafro tltk v uD(ninRdoisiFewtty Pryl i)eotc,od utas g rna.e eAndas sbpew olofefenne pedclor t otioovoffk e eFt shlafosoneirr odiDwdn eeaaafe’rlfssrid c f Raietenwound n twf aiCaroruomerdmk saii tm nt.ro ge u cpnworigitimtynh iDa zyreeoidvluye l lfeoooanpcd umyesore o unonrtf Government audits are at the core of our practice: 95% of our work is performing audits for local gionopcverreearatnsioem neesf.nf itcsie anncdy, otfo tphraotv 9id8e% im amree fdoiart sep aencdia cl odnitsitnruicetds . sWaviitnhg osu, ra nsdig ntoif imcainnti mexizpee rdieisntcuer,b wanec aerse t aob yleo utor Why Grau & Associates: Knowledgeable Audit Team fteGyiexoerapaulmdue. . r iOiisesu n prrcre esoft iuaandnfifn d tpgh te aatrthkf oeethi rarem hapsua egndrodsitvos ena-orpnnnpem lra owepanpectr haao lsa fseocinhrgg nntao etg oxeo tmuy yroe euanarstr ssa’i sugy endaaumitrd -eairntro.et usO s,n uowdrm.h eWeinc ohhgf ea antglhle nemeo nmets nowutsr otep rssak eraiant nssgmoe onrosneo dhyt haoaevuurerd piadtruoeodrccsaiet di,s neys s otf huooerrf Servicing your Individual Needs aaTOlshus rosro w wucilgfoithenlyno’t tu ashtn atdehv neeej aotposyri o wlycpo eearsrsrss y poo oafn bsoasouliiurbz etla edur.e dItsnirte a,a ryivdnoidicunie tgw i oydilnoel ,ufs idirngu adneu et dhtdoia t toGt owrr sae suf wra’ostei msvlcfe yoyr meyta helroe wtwioro tyruukenrainnirqgo. u vwee irt nhre ayetoedu sf otoar nroedus ror lievnqedu auinrsetyrm iys,es ynuotesus. Developing Relationships yuWopeud ras totirrnigvgae, nc otizolal atfbiooosntre.a Wrt inmeg au, rateun aadll lasyos s baiesvtnaiinelfagib cyiloaeul a risne a lia mstoipoulnnesmdhienipngst b inwogai trnhde waonu ldre gacislsisleainsttito swn. i,Wt rhue tl eessct haanyn idci nasl t atqonuudecashrti doysne tsah.r a -tr oauffnecdt, Maintaining an Impeccable Reputation fAWindead nihtciaoiavnlelay l lnsyte,a vwbelere h abanevdee n hn aevivneev rno eblvveeeedrn b cienhe anra ginneyvd o lwlivtiietghda, t ioinor na cn,o ynp bvroaicnctekeedrdu oipnft,g ca y p opurr borlcieecc eeednivitneigtdys . carnimy ed oisf caipnlyi nsaorryt. Wacet iaorne. Complying With Standards Our audit will follow the Auditing Standards of the AICPA, Generally Accepted G trShetapen oSdrttaasrt dien s o,a ifcs cFsoulorerddiad bnayc, etah wnedi Ct hao nmyyop uotrrt ohrleelqre rua iGpreepnmlieceranabtll soe. f ftehdee Uranli, tsetda tSet aatnesd, aloncda tl hree gRuullaetsi oonf st.h oWev Aeeur nwdmiitlole rnd tGe leAinvueedrri atoiln uogrf iffauTnronnhatrddieu st erda hpern,e ssrot ttoisreacpa ndioompd tisahnieante letig rhtis,wse ean ma igpos rsfer ice.or oeiWmjlnemlec efaeglt in anacadltltss s a ooi pdrcr rrtc uciieenorovricnnnoti,inpgc fayae atn bclhosdtle iue ao w reron neafp fe gsnreia otrapgh pmrfeeooemerrps d awae9 lrni0 ineitt shd d. t O hai ainyunen s r aypg. l FrWpol oerordpeeed evosc fripseaoaaeriullttc .hisI tfG. sD.yf riO f.rta amnhnuiuilr ssyh,m opawtbhsrri oeectnhrpo op oori esepus rxa2ots ilr0oso ait-nusit2 n(tim0ossgi6)na d,o7s decr 3eo o cp2 fmwofo2enpti.r tetaihrnnnootgyuli ,a a tolc pproc rrolploenuavpfsriloitoiocisueantsssl, teW(eodxx eccpca ieatwprellliod ieovu narslcbd keeo imb.@u etag ihtrlh aaeeupi tcpphpyreao rt.sco poo afem nco)tsu woarf teP sr5ae 6rartnv1niy.e9n rq9gs u4y, e.oA9su2nt i9taoo9nnn.ds iWo oe sJre.t taGtobhr laapiunsrho,k iCv nyiPgdoA eua ( alftonognryr ga ca-uotd@endrsgimtirdioa erunercailnapl tgaiin .ocofnoousmrrhm )ifp iaor.t mriP oDl’nsea a. qvWsiuedea d l Ciaofar inpceaol igttvie oshnkneuiss,i inCtaaePntlAdye Very truly yours, Grau & Associates Tony, Jr _____________________________ Antonio J. Grau Firm Qualifications Grau’s Focus and Experience Our Team 3 Partners 11 Professional Staff 10/16 Employees are CPAS Year founded 2 Administrative Professionals Services Provided Properly registered and licensed professional corporation by the state of FLORIDA We are proud Members of the American Institute of Certified Public Accountants & the Florida Institute of Certified Public Accountants reSpeoer tn aenxdt pceargtei ffiocra te . External quality review program: consistently receives a pass . Internal: ongoing monitoring to maintain quality AICPA | FICPA | GFOA | FASD | FGFOA 9 Professional Groups Close-up of a letter of approval Description automatically generated with low confidence Firm & Staff Experience Profile Briefs: PFM 12 GMS 78 MERITUS 23 RIZZETTA 47 SDS 60 INFRAMARK 38 WRATHELL 30 OTHER 19 GRAU AND ASSOCIATES COMMUNITY DEVELOPMENT DISTRICT EXPERIENCE BY MANAGEMENT COMPANY Antonio J GRAU, CPA (Partner) Years Performing Audits: 35+ CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 56 hours Professional Memberships: AICPA, FICPA, FGFOA, GFOA David Caplivski, CPA (Partner) Years Performing Audits: 13+ CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 64 hours Professional Memberships: AICPA, FICPA, FGFOA, FASD “Here at Grau & Associates, ccaepwuh xrmeiprao raneorerrgrineiteiein t ceen gtosfce f.nte ceeNs hcfctootnhaitrovnn oelotoonl ulaygolrn yiig cn dcdyaln iloeae olfevnafvsiantac siiditlt,eia snbpnbcugrtslao e ttapo a viuauetyin d driain dsiealt sg o.uua o nud Wt maieipltli io lozttpohroefrwe d ootd hs pucba eoeruty essste osi o vwtt.up”ioev ir rtep yhc e l tirehfnoert sm, - Tony Grau h“dQeeauliravtl eiaotrsyf sa eai vsquteudirnaiytgls id t tayehn ceadimus die oowxintrc,ig etwaahpdne tihi immozeanrpatiarnkilooeg cvn. l te.Oio”em u nhreti ngcshtleis ers vfntoaitcrsne tdt harauerreisdr ta s u ta stn htdoe - David Caplivski YOUR ENGAGEMENT TEAM Grau’s client-specific engagement team is meticulously organized in ssantt eaaueftndfe iamsq nouedfne ae t uabacdluehidnt icdttle ioeaofmn ft th..I TeT C h Doeeinx sCspterteairrcntttitif. s iceeod ma Innmdfou runmnicdaatetiiroosnnt a Twnedictihhnnigno looofug rya csPcorolouuftneiostisnni ogtne apa omlr ir(n CdacIeliTlrpo Plwte)o ssP maftoroert en tcteh ortenh wtefiini nluula nbintiryqci niuoagefl Your Successful Audit Engagement Partner Audit Manager Audit Senior CITP Partner ttrsccaeooqdpppppThheaoonnvfuoiaaaehr eestmnedgrrrptlaeeipi h ttsfrsalov ec cinmpiEioorefgcyrdavttaielnnn ysiie,rdueaeec npr ns gidmrnnnaitnc ogainawieaionb;gtiout reg gcllitnpeadiei.lannsheal l gtTrec ia llet.temastr i eetr uiahtxyt asoiovfdmyaelodtec onlsnfie egn,ne ieooro edet nsvetrmw,wfrn n e easbts hs Pitaegcii lpiunea ootvaonuinaah ppfsnfferipgngrog n ret lwtdic mecadrnyoahtvrlilmmgy ovniearoieedeee,ericr lnaeunsmnv khcwtntirtett io eit oo dinn lnnf lg, t tscaaaoopTRwhtocnnftlheoaa hecmddtsenrnoh epf kmdttanrireohhn d sa icrunaeneasraleuosn i ngdnDppgidsi csbcntaocieii hesiaaratrellt ;etyttnildw rn tsia sdina iw epcnietau tgtarfesdirh i dtst twerr hwe oipsm ttp miho rt;ite lrh onehplnee e fn inopspten ehupltrsacisloearscr l weiu gryaecot nr.ddlti nnielhde elieas a n nrlast t l l isdscasttocesaacmtutnoeeepdrrmdmdlae raebitdnnneysc it atn seahn g anwed ntd fhida tifarhr iamtre plm flp ir anr ropreeafeopepn laosacisccriraicyteoslu.d n r aianlt e, Antonio ‘Tony ‘ J. Grau, CPA Partner Contact: tgrau@graucpa.com | (561) 939-6672 Experience For over 30 years, Tony has been providing iaegnmnutidepd rclanoonaynclese ceu o lbtntoietn nrgoce llsfisieet ar,n vontisvdc e eorrspeh tgeeoara atrdhdt iaeionn fngidrs m.a c ro’bsm igtproavlegexer ncamli ceacenuontdutsian.t lH,t, ianenco gpcn or-ioupsvnsriutodifeneistgs,, atSSFpAhdcpirsnehove aa ocac Qneionmacsulcl sie eaBa mRdlfloio e tRablryveree ivdapreRew owooel raffvc t rMCeitiednhroiwitgeamni. mf gGiTmoc oiotaf-ih vDnttteteeyaher fdGeewnoe ,Fm raO TO Csgefoo Aofnainuv lctCsyn eeFoe rt ip rynotnta.hmf iaT rfenitMeo circncaneaeittyvnp aeO iaalr e foegtsfwefciie ncde mAtegi ecvrileanehsenm idaAtet u hvstlAhdeseeuoaei mtrd cdsAeeiei.a Itvn rCsti ti efP oooiwAnnrf Education University of South Florida (1983) Bachelor of Arts Business Administration C:\Users\EStrong\Desktop\Resume Photos\Tony .jpg Clients Served (partial list) (>300) Various Special Districts, including: Bayside Improvement Community Development District Dunes Community Development District Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District St. Lucie West Services District Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District Bay Laurel Center Community Development District Boca Raton Airport Authority Greater Naples Fire Rescue District Key Largo Wastewater Treatment District Lake Worth Drainage District South Indian River Water Control Professional Associations/Memberships American Institute of Certified Public Accountants Florida Government Finance Officers Association Florida Institute of Certified Public Accountants Government Finance Officers Association Member City of Boca Raton Financial Advisory Board Member Professional Education (over the last two years) Course Hours Government Accounting and Auditing 24 Accounting, Auditing and Other 56 Total Hours 80 (includes of 4 hours of Ethics CPE) David Caplivski, CPA/CITP, Partner Contact : dcaplivski@graucpa.com / 561-939-6676 Experience Grau & Associates Partner 2021-Present Grau & Associates Manager 2014-2020 Grau & Associates Senior Auditor 2013-2014 Grau & Associates Staff Auditor 2010-2013 Education Florida Atlantic University (2009) Master of Accounting Nova Southeastern University (2002) Bachelor of Science Environmental Studies C:\Users\EStrong\Desktop\Resume Photos\David.jpg Certifications and Certificates Certified Public Accountant (2011) AICPA Certified Information Technology Professional (2018) AICPA Accreditation COSO Internal Control Certificate (2022) Clients Served (partial list) (>300) Various Special Districts Hispanic Human Resource Council Aid to Victims of Domestic Abuse Loxahatchee Groves Water Control District Boca Raton Airport Authority Old Plantation Water Control District Broward Education Foundation Pinetree Water Control District CareerSource Brevard San Carlos Park Fire & Rescue Retirement Plan CareerSource Central Florida 403 (b) Plan South Indian River Water Control District City of Lauderhill GERS South Trail Fire Protection & Rescue District City of Parkland Police Pension Fund Town of Haverhill City of Sunrise GERS Town of Hypoluxo Coquina Water Control District Town of Hillsboro Beach Central County Water Control District Town of Lantana City of Miami (program specific audits) Town of Lauderdale By-The–Sea Volunteer Fire Pension City of West Park Town of Pembroke Park Coquina Water Control District Village of Wellington East Central Regional Wastewater Treatment Facl. Village of Golf East Naples Fire Control & Rescue District Professional Education (over the last two years) Course Hours Government Accounting and Auditing 24 Accounting, Auditing and Other 64 Total Hours 88 (includes 4 hours of Ethics CPE) Professional Associations Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants Member, Florida Government Finance Officers Association Member, Florida Association of Special Districts References We have included three references of government engagements sainmdi lraerg tuol athtieo nDsi,s tfroilclot.w fund accounting, and have financing re qthuairte rmeqeunitrse, wcohmicphl iwanec eb ewliiethve l aawres Dunes Community Development District Scope of Work Financial audit Engagement Partner Antonio J. Grau Dates Annually since 1998 Client Contact Darrin Mossing, Finance Director 475 W. Town Place, Suite 114 St. Augustine, Florida 32092 904-940-5850 Two Creeks Community Development District Scope of Work Financial audit Engagement Partner Antonio J. Grau Dates Annually since 2007 Client Contact William Rizzetta, President 3434 Colwell Avenue, Suite 200 Tampa, Florida 33614 813-933-5571 Journey’s End Community Development District Scope of Work Financial audit Engagement Partner Antonio J. Grau Dates Annually since 2004 Client Contact Todd Wodraska, Vice President 2501 A Burns Road Palm Beach Gardens, Florida 33410 561-630-4922 Specific Audit Approach AUDIT APPROACH Grau’s Understanding of Work Product / Scope of Services: We recognize the District is an important entity and we are confident our firm to meet the challenges of this engagement and deliver quality audit services. Yo isu ewmoiunledn btley aq uvaalliufieedd client of our firm and we pledge to commit all firm resources to provide the level and quality of services (as described below) which not only meet the requirements set forth in the RFP but will ewxocreke dp trhoodsuec tesx preecqtuaetsiotends.. GOruaru a&u Adsits owciiallt efso lfluolwly uthned eArsutdaintdinsg t hSet asncodpaerd osf porfo ftehses iAonICaPl Ase, rGviecneesr aanlldy trAhecgecu eRpluattleeidos n Gosof. vtWhereen Amwueidlnli ttd oAerul Gidveietnirne gora uSlr toa rfn etdhpaeor rSdttssa, tiiesns o uafec Fdclo obrrydi dtaahn eac nCed ow maintphyt r oyotolhlueerrr rGaepeqpnuleiricraaelb molefe tFnheteds eU. r nailt,e Sdt aSttea otefs L, oacnadl Proposed segmentation of the engagement aeOufufderci attipinvpger otaeuaccdhhint t.i oTq uthheees a aauundddiit t aw e ntilogl tabagel e scmyosnetndetum icsst eacd or inisnck et-hbprat esteeo d pe hanpaaspberlsoe, a wtchhhe iw ctheha iacmrhe ti anost c efogonrlladotuwecsst t: ha em boerset oeff ftircaidenitti oannadl PHASE II: Execution of the Audit Plan PHASE III: Completion and Delivery PHASE I: Preliminary Planning Phase I - Preliminary Planning teeopAhsxph aspteaehters notacehtrtt, iaieoawotrulnie eogfs onwhw ras i iu nlltwllnhd bimde tes hee demr erresevtivt nsaiwecpinlmeoiedt pchaointml b agtdjoepe in oscptrttfhri u oevoypp efost sreuia iornaranv tn eioa tdc uroep,g d seyaai rotttnh s uitpoazhrlnat aes tnwn tiseao eaalfn fmnwt., od esi leo lft orbpivmrtri aocaeievnn, i gdoaeienbfvf.dje ie cO cidyeutooinrvuct ewu , tsmcoh oareeskn nto d-teep fofpfofoueoprrcret ttu riwuavnnteidili nltea ybgru se tdte ocaint on.ev od xiDrripndourginern misoansfteg enyy dtooth uusiiossrr During this phase we will perform the following activities: » aaRgperpveliieecmwab etlnhete s f;re edgeurlaalt oarnyd, sstatatuteto srtya atuntde sc,o mrepsolilauntcioen rse, qbuoirnedm ednotcsu. mThenist sw, icllo inntcrlaucdtes, aa rnedv ieowth eorf » Read minutes of meetings; » Rmeavniuewal s,m fianjaonr cisaolu srycsetse mosf , iannfdo rmmaantaiogne mseuncht inafso rbmuadtgioetns ,s yosrtgeamnsiz; ation charts, procedures, » Obtain an understanding of fraud detection and prevention systems; » Oodpebsetiargainnt i ooanfn ;dr e dleovcaunmt epnotl iacine su, npdreorcsetdaunrdeins,g a onfd i nretecronrdals ,c aonndtr owl,h ientchleurd tinhge yk hnaovwel ebdegeen apbloacuet dt hine » pAesrsfeosrsm ri askn da npde rdfoertemr mteisnte o wf choantt croonlst;r ols we are to rely upon and what tests we are going to » sDpeevceilfoicp a auudditi to bpjreocgtrivaemss, a tnod i anpcoprrpooprraiattee tahued cito pnrsoidceerdautrioesn toof a fcihniaenvcei athl est sapteemcifeiendt aosbsjeecrttiiovenss;, » iDdiesncutisfsie da.n d resolve any accounting, auditing and reporting matters which have been Phase II – Execution of Audit Plan The audit team will complete a major portion of transaction testing and audit ipPmhhpaassaeec. t I ItT hihneec cl uopdmroepc, lebedutuito raner seo fpn oeourtf rlo iwmrmoitreekdd o dtrou r rteihnqegu f iotrhelli osthw peie nargtiot: edn wtioilnl eonf ambalen augse tmo eindte.n rTteiafqysuk aisrn etyom mbeean tpttsee drrf uotrhriamntg em tdh aiinys » ceAlxpatpseslnyet s ao onff aa tlurydatinictsianal cgpt piroornocsec;ed duureres st ou sfeudr tthoe orb atsasinis te vinid tehnet idael tmeramtteinra ftoiro nsp oefc itfhice ancactouurnet, tbiamlainngc,e as nodr » aPnedrf oorthme rte asntsa loyft iaccaclo purnotc bedaluarnecse; sa nandd transactions through sampling, vouching, confirmation » Perform tests of compliance. Phase III - Completion and Delivery IIraInevI p aitonihlrcaitslbui nlpdeg eh.t ,ao Abs mluel ter oaeefrpt e toah nrnetods ta dwluiimdsilcilit ut,b esewds eroteo uwv rti hierlewle pfceooodlrml otw pwailntiehndt ge ma: dtahdnera egtsaessm kaens nyrt eq bluaeetfesodtri oet noiss .sy uTeaaansrk-ceesn , tdao n bbdae ltpahneerc feposar rmatnnededr sfini nw Painhllca bisaeel » Perform final analytical procedures; » Review information and make inquiries for subsequent events; and » pMoeteetnintiga l wfinitdhi nMgsa noar greemcoemntm teon ddaitsicounsss. preparation of draft financial statements and any tyoYOhofou iucusro acasnopphcnpopeclurryeonl dpia nt tcoe hom xo,fp auwternrceu act lgn lymiioe nrntoeg tros osepn p aolfyenrnor dsaami ustvied eoyri noptv surifn.ior ng faae acnsscsc oiiaoaunnln aeitnlfi fnfseoegcrr tmfviivriacemte ir oeetnhms oawpnuhi rtaach ess i hiizgnienn sdda tetsauaikglriihennt ggi nb wa uynitot ahaucl rtsth ioavo necsno einun itasseisld rufeeiensrsta .t nihInnce i t fahfoole lrrl oieeswspsiouginrehtgst. iAmnpacprnelaiacgsaeitmniogen nf iotn fla etnthctieisar la apptpr terhsoesa uccorhem isn pa ldneedtiv openluo boplfii onc ugs rco rfuuinrt aimnl ypa nrfaoaccgieendmgu etronedts .al eyt’tse pr uisb lpica rotfifciucilaalrsl.y Wimep woritlla nptr egpivaerne tthhee Itwnoi tpthhr oemspeaa nrciahngager tmgheeidsn wmt. iaItnnh a aggdoedvmietireonnnat, n lwecteet.e wr,i lwl tea wkeil ln iencietisaslalyr yr esvteiepws taon eyn dsruarfet ctohmatm meantttse rosr arreec ocommmmenudnaictaiotends In addition to communicating any recommendations, we will also communicate the following, if any: » Significant audit adjustments; » Significant deficiencies or material weaknesses; » Disagreements with management; and » Difficulties encountered in performing the audit. Our findings will contain a statement of condition describing the situation sctorrernegctthiveen ainctgi,o wn:h at should be corrected and why. Our suggestions will wit hasntda ntdh et haer ebaa sthica tt ensetse dosf Is the recommendation cost effective? Iosr dtheer troe ccoomrrmecetn ad patrioobnl etmhe? simplest to effectuate in Iasn dth neo rte jcuosmt cmorernedcatitniogn a a sty tmhpe thoemaartt ico fm thatet eprr?o blem Idse tfhiceie cnocryr eocctciuverr aecdt?i on taking into account why the TMmoaa nnaaasggseeummreee nnfttu lplelr titaoegrrr taeone mdth feeon sftti newrasli taeh xp irtfa occfotesns sfeaiornendna clc,e ci.r oTcouhpmiessr ptaaotnilvicceey sa ,mt mweoaesn pswh teihlrle er.f eu lwlyi lld bisec unsos “ seuarcphr isiteesm” inw tihthe Communications Wroenge au e lrmaergplyuh lacasorim zbema asui csno. i ncatitneu tohuros,u ygeha pr-errosuonnda ld tiealleopghuoen bee ctwalelse ann tdh ee lDeicsttrroicnti ca nmda oilu trh rmoaungahgoeumt tehnet ateuadmit. aWnde taaOhlsules rai p gscnoslii regdtnnaiftelf.sed rh ueasnveter s stth areeff ca webiiivlteiht y es leteopc attrrroaanntesic ml omigta oiinln fn oaorntmidfia vctaiieotwino intno ag us c ssa ooponan bo iaulisrt yns.ee cwTuh irinesf ocfulrirmetnhatet piro ofnar tchaialli stw abitetehes n teh pfefoi casitbeeinldict iyyn attoos Cost of Services Our proposed all-inclusive fees for the financial audit for the fiscal y 2025-2029 are as follows: ears ended September 30, Year Ended September 30, Fee 2025 $4,200 2026 $4,300 2027 $4,400 2028 $4,500 2029 $4,600 TOTAL (2025-2029) $22,000 ouTppheoer naa atbipoopvnreso . vSfeahelo sfu roladrm ec oabnllad psieatidrot nioesns c chtohanenc geaers nosuer mdB. opntidosn a trhea its stuheed Dthiset rfeicets mwoaiunltda bines a idtjsu sctuerdr eancct olredvienlg olyf Supplemental Information SPECIAL DISTRICTS PARTIAL LIST OF CLIENTS Governmental Audit Single Audit Utility Audit Current Client Year End Boca Raton Airport Authority . . . 9/30 Captain's Key Dependent District . . 9/30 Central Broward Water Control District . . 9/30 Collier Mosquito Control District . . 9/30 Coquina Water Control District . . 9/30 East Central Regional Wastewater Treatment Facility . . 9/30 Florida Green Finance Authority . 9/30 Greater Boca Raton Beach and Park District . . 9/30 Greater Naples Fire Control and Rescue District . . . 9/30 Green Corridor P.A.C.E. District . . 9/30 Hobe-St. Lucie Conservancy District . . 9/30 Indian River Farms Water Control District . . 9/30 Indian River Mosquito Control District . 9/30 Indian Trail Improvement District . . 9/30 Key Largo Wastewater Treatment District . . . . 9/30 Lake Asbury Municipal Service Benefit District . . 9/30 Lake Padgett Estates Independent District . . 9/30 Lake Worth Drainage District . . 9/30 Lealman Special Fire Control District . . 9/30 Loxahatchee Groves Water Control District . 9/30 Old Plantation Water Control District . . 9/30 Pal Mar Water Control District . . 9/30 Pinellas Park Water Management District . . 9/30 Pine Tree Water Control District (Broward) . . 9/30 Pinetree Water Control District (Wellington) . 9/30 Port of The Islands Community Improvement District . . . 9/30 Ranger Drainage District . . . 9/30 Renaissance Improvement District . . 9/30 San Carlos Park Fire Protection and Rescue Service District . . 9/30 Sanibel Fire and Rescue District . 9/30 South Central Regional Wastewater Treatment and Disposal Board . 9/30 South Indian River Water Control District . . . 9/30 South Trail Fire Protection & Rescue District . . 9/30 Spring Lake Improvement District . . 9/30 St. Lucie West Services District . . . 9/30 Sunrise Lakes Phase IV Recreation District . . 9/30 Sunshine Water Control District . . 9/30 Sunny Hills Units 12-15 Dependent District . . 9/30 West Villages Improvement District . . 9/30 Various Community Development Districts (452) . . 9/30 TOTAL 491 5 4 484 ADDITIONAL SERVICES CONSULTING / MANAGEMENT ADVISORY SERVICES Grau & Associates also provide a broad range of other management consulting eFxlopreirdtais. e E xhaams pbleeesn o fc eonngsaisgteemntelyn tus tpileizrfeodr mbye dG aorvee arsn mfoellnotwals :a nd Non-Profit entiti esse rtvhircoeus.g hOouurt • Accounting systems • Development of budgets • Organizational structures • Financing alternatives • IT Auditing • Fixed asset records • Cost reimbursement • Indirect cost allocation • Grant administration and compliance ARBITRAGE CCAaurblrcriuterlnaattg ieo ns oTfrsdieifexhg bteteneaad ifrtxf emeai-cd enaicexdnnare ealtvmcd lau gaprtlhoriatab vetfbii eiaotlnrrepnana psrnmga lceiftecio enanr igbbnt .moihc lTneiaotnhdsyr tes eioimi.v rf t e tphphsoa resnisinen edc1 ri 5pcaeo0 aqm lut bapipxroule-neremdxpx eoerinumssestleps ui staes tn soti,dos ris pneeuecsleirltm.urf oidWicrnitmn aetght ee edhb a auotnhvsthyeee 73 We look forward to providing Deer Run Community Development District with our resources and experience to accomplish not only those minimum requirements set forth in your Request for Proposal, but to exceed those expectations! For even more information on Grau & Associates please visit us on www.graucpa.com. Proposed by Independent qualified CPA licensed Accounting Firm RFP: Annual Audit Services for FY ending September 30, 2025 with option for annual renewals Due Date: November 10, 2025 Contact Person: George Dimov Dimov Audit / Dimov Associates LLC 401 NW 31ST AVE MIAMI FL 33125-4228 proposals@dimovtax.com Tel: 855-622-9009 PROPOSAL FOR ANNUAL AUDIT SERVICES FOR DEER RUN COMMUNITY DEVELOPMENT DISTRICT Dimov Audit 401 NW 31ST AVE MIAMI FL 33125-4228 Phone: 855-622-9009 Fax: (305) 123-4567 Email:proposals@dimovtax.com dimovaudit.com Youtube: @GeorgeDimovTax October 31, 2025 Matthew Biagetti District Manager DEER RUN COMMUNITY DEVELOPMENT DISTRICT Governmental Management Services 475 West Town Place, Suite 114 St. Augustine, Florida 32092 Subject: Letter of Transmittal – Proposal for Annual Audit Services Dear Mr. Biagetti, Dimov Audit, a DBA of Dimov Associates LLC, is pleased to submit our proposal in response to the Request for Annual Audit Services for DEER RUN COMMUNITY DEVELOPMENT DISTRICT. As an established CPA firm with over 16 years of experience, we have a proven track record in delivering comprehensive, high-quality, and compliant audit services for member-controlled organizations (HOAs) and non-profit entities with grant funding, restrictions and compliance requirements. Firm Information . Firm Name: Dimov Audit (DBA of Dimov Associates LLC) . Business Address: 401 NW 31ST AVE MIAMI FL 33125-4228 . Phone: 855-622-9009 . Fax: (305) 123-4567 . Email: proposals@dimovtax.com Authorized Signer & Primary Contact The undersigned, Dimov Associates LLC, Founder and Lead Audit Partner, is authorized to bind Dimov Audit contractually. I will also serve as the primary contact for this engagement. I can be reached directly at: . Phone: 855-622-9009 . Email: george@dimovtax.com Statement of Commitment Dimov Audit hereby acknowledges that all documents submitted pursuant to this RFP process will become a matter of public record. Our proposal is a firm and irrevocable offer, valid for ninety (90) days from the submission date. We are fully prepared and committed to performing the audit services outlined in DEER RUN COMMUNITY DEVELOPMENT DISTRICT for the fiscal year 2025. We confirm that we will commence the engagement within fourteen (14) days of receipt of the Notice of Award from the District. Scope of Services & Deliverables . Audit of Deer Run CDD’s basic financial statements for the fiscal year ending September 30, 2025, in accordance with U.S. Generally Accepted Government Auditing Standards (GAGAS), Government Auditing Standards, and Florida Statutes (Section 218.39), including applicable rules of the Florida Auditor General. . Report on internal control over financial reporting and compliance. . Management Letter containing recommendations for operational and accounting improvements. . Submission of the final Independent Auditor’s Report and all required audit reports no later than June 30, 2026, with coordination with District management throughout the engagement. . Option for annual renewal of audit services in subsequent fiscal years, subject to mutual agreement. Proposed pricing includes one base year (FY 2025) and four optional renewal years (FY 2026–FY 2029) as detailed in Section 8 of this proposal. Our team of Certified Public Accountants has extensive experience with audits for compliance with government requirements, grants and federally funded programs, ensuring clear, timely, and actionable results for the District. Compliance & Resources Dimov Associates LLC holds an active Florida CPA license, and our key personnel are in good standing. We confirm that all forms, certificates, and compliance statements required by the District are included in our proposal. We have the staffing, technology, and processes to meet all deliverables and timelines. We appreciate the opportunity to present our qualifications and demonstrate our dedication to excellence, accuracy, and transparency in serving Deer Run CDD. We look forward to partnering with you to support the District financial stewardship and compliance. Dimov Associates LLC Founder & Lead Audit Partner Dimov Audit Phone: 855-622-9009 Email: george@dimovtax.com Table of Contents 1. EXECUTIVE SUMMARY 1 2. PERSONNEL EXPERTISE AND QUALIFICATIONS 2 3. DIMOV AUDIT EXPERIENCE 6 4. UNDERSTANDING OF SCOPE OF WORK 8 5. AUDIT PLAN FOR THE Deer Run CDD 9 6. REFERENCES 12 7. LICENSES AND INSURANCE 15 8. OUR FEE PROPOSAL TO THE DISTRICT 17 9. MANDATORY CRITERIA AFFIRMATION 18 01 OUR VALUE PROPOSITION TO THE CITY Our proven quality, specialized expertise, and cost-conscious pricing make us the best choice to serve The City of Paxton. Context and Objectives The Deer Run Community Development District (the “District”) is a local unit of special-purpose government established under Chapter 190, Florida Statutes, to finance, construct, and maintain public infrastructure within the community. The District, located in Flagler County, oversees the stewardship of its general fund, capital reserve fund, and debt service fund. The District seeks a qualified independent certified public accounting firm to audit its financial statements for the fiscal year ending September 30, 2025, with options for four annual renewals. The engagement will be conducted in accordance with Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS), Florida Statutes §218.39, and the Rules of the Florida Auditor General. The Board’s objective is to obtain an independent opinion that reinforces the District’s commitment to transparency, financial integrity, and compliance with statutory requirements while supporting effective oversight of capital and maintenance programs reflected in the FY2025 adopted budget. What We Will Deliver • Independent Financial Audits (FY 2025–2027) • Compliance and Internal Control Review • Management Letter • Audit Reports and Filings • Presentations and Coordination: Meetings with the City Clerk and Council to review findings Dimov Audit is a young dynamic team of auditors Dimov Audit is a young, hard-working team of 6 Senior Auditors within a 90-person accounting firm built from the ground up by George Dimov, who grew a solo practice into a nationwide operation through persistence and integrity.Each engagement reflects the spirit that built this firm: timely and clear communication, diligent work, and a commitment to doing things right and to a high standard. +526 +16 +6 Audits conducted Years of experience Senior Auditors How We Will Work With the City Our approach is designed to remove predictable friction points for lean teams: . Transparent, fixed fees . Consistent communication: written updates; responses within 24 hours . . Short, purposeful PBC lists reviewed by the auditor doing the work . Readable reporting: with clarity and practical next steps . Progress visibility: simple status tracking . Secure document exchange Our Fixed Fees We noted that your proposed budget for the audit expenses is $4,200. Following our review of your firm’s financial and audit status, we propose a baseline audit at a professional fee of $3,900 (for scope definition please see Fees section of this proposal). The baseline audit fee assumes timely access to records, standard audit schedules, and no material changes in operations or reporting requirements. If the scope exceeds a baseline audit, fees will be adjusted accordingly, with your prior approval (for details please refer to our Fee Proposal) 02 PERSONNEL EXPERTISE AND QUALIFICATIONS The senior leadership team at Dimov Audit brings together decades of expertise across audit, financial management and taxation. Our audit team brings together a group of audit professionals who combine technical proficiency, broad accounting expertise, and a commitment to excellent client service. Each member of the proposed engagement team has extensive experience performing financial statement audits for member-controlled organizations and non-profit entities throughout the United States. The team has been carefully selected to ensure an ideal balance of senior-level oversight, technical accuracy, and efficient execution. Our managing partner, George Dimov, is a Florida CPA, who will provide overall leadership and ensure that the audit is conducted in full accordance with Government Auditing Standards and Section 218.39, Florida Statutes. We present our senior team on the following pages. The team has worked together for over 8 years and this team continuity will promote close collaboration, proactive communication, and responsiveness to the District management. Each professional is committed to delivering a transparent, efficient audit process and recommendations for enhancing internal controls. Our proposed audit team is ready and fully capable of meeting the Deer Run CDD’s expectations with integrity, diligence, and precision. Together, they represent not just technical excellence, but a partnership grounded in reliability and accountability. We confirm the availability of both senior and junior staff for this engagement and will be able to assign specific team members within 14 days of the award. George Dimov CPA Managing Partner Licensed CPA in Florida (License AC62211), with over 16 years of experience in audit, taxation, and financial management George Dimov is the founder of Dimov Tax & Accounting, a dynamic entrepreneur with over 16 years of experience in tax, audit, and financial services. His passion for excellence in serving accounting clients has led to his practice to grow from a solo venture into a 90-strong team, and he oversees all audit engagements personally. George brings years of proven experience in navigating complex financial landscapes, including audit and attestation services, multi-state taxation, and wealth preservation. His background includes high-level financial services in hedge fund accounting, M&A advisory, and business valuations. With a Master’s in Accountancy from Baruch College and an impressive record of 5-star client reviews, George is leading the firm to delivering exceptional results. George’s area of special interest is preservation of wealth through optimized taxation, and his latest endeavour, Tax Talk with Dimov youtube podcast is dedicated to sharing expert knowledge and insights with the wealth building community. You can meet him virtually at @GeorgeDimovTax. SENIOR TEAM MEMBERS Alexander Chertok Audit Manager Alexander manages the audit team and oversees the full cycle of audits performed under GAGAS (Yellow Book), Single Audit (Uniform Guidance), GAAS (Generally Accepted Auditing Standards) and PCAOB standards. He has over 20 years of experience in accounting and finance, with a strong focus on external audit, budgeting, management accounting, and financial control. Over the past decade, he has specialized in senior audit roles across diverse sectors, such as retail, IT, manufacturing, and nonprofits. Alexander’s qualifications include: DipIFR, ACCA; certification in Government Auditing Standards (GAGAS / The Yellow Book); annual CPE in accounting, auditing, and ethics. Alexander draws on insights from thought leaders at CPA Magazine and the Institute of Internal Auditors (IIA), guiding his team toward effective audit execution and the highest standards of excellence. Bobojon Bobojonov Senior Auditor Bobojon leads audit fieldwork and supports end-to-end engagements under IFRS and US GAAP frameworks, coordinating with client management to remediate control gaps and strengthen internal controls. He brings experience in public accounting and risk management, including roles at George Dimov, CPA (Senior Auditor), KPMG (Audit Specialist), and Baker Tilly (Audit Specialist). His work covers analytical and detailed testing, variance analysis, evaluation of internal controls, and the preparation of clear, actionable management letters. Bobojon’s toolkit includes advanced Excel, QuickBooks, SQL, and R, which he uses to perform data-driven testing and reporting. He holds a Master’s in Financial Markets and Institutions. He is known for structured, evidence-based audit execution, helping clients align practice with policy and tighten control environments. I have been working with the Dimov team for the past 3 years and have been very satisfied with the services they provided thus far for the 501c3 non-profit organization I run… ...I have been working with the Dimov team since 2019. They are always on time, affordable, informative, and their work is high quality.… SENIOR TEAM MEMBERS (cont’d) Irina Kovalchuk Audit Manager Irina Kovalchuk leads audit teams in full-cycle audits for profit and nonprofit companies under GAAS, GAGAS (Yellow Book), Single Audit (Uniform Guidance), PCAOB, and IFRS standards. She has over 14 years of experience in audit and financial management, with strong expertise in IFRS and GAAP reporting, budgeting, and financial control across diverse sectors . Her qualifications include DipIFR (ACCA), DipNRF(ACCA), CIMA P1, certification in Government Auditing Standards and ongoing professional education with annual CPE in accounting, auditing, and ethics. She combines international audit expertise with hands-on ERP implementation experience (SAP), bridging financial systems with reporting and compliance requirements. Irina is expanding her focus on Data Analytics and Audit Technology, applying AI-driven tools and dashboards to identify anomalies and anticipate risks. By integrating technical fluency with audit excellence, she guides her teams toward efficient execution and the highest standards of quality. Xintian Wang, CPA Senior Tax Manager Xintian brings to the audit team her experience with tax planning, multi-state taxation, and equity compensation. She advises clients on optimal tax strategies, while navigating complex areas such as restricted stock unit (RSU) compensation and alternative minimum tax (AMT) calculations. She has nearly seven years of experience as a Senior Tax Manager at George Dimov, CPA, she brings an international perspective to her work and fosters strong client relationships across diverse backgrounds. Xintian’s qualifications include: Certified Public Accountant (CPA); Advanced VITA Certificate and Master’s Degree in Accounting from Fordham Gabelli School of Business. Drawing on insights from leaders in tax policy and financial planning, Xintian ensures her clients and team benefit from strategies grounded in both technical rigor and forward-looking perspective. ..I've worked with George Dimov and his team for several years and they have been nothing short of amazing… I’ve been a client of Dimov Tax Specialists in Washington DC since 2022, and they’ve consistently provided exceptional service. SENIOR TEAM MEMBERS (cont’d) Mikayel Sargsyan Senior Auditor Mikayel Sargsyan is a Senior Auditor with deep expertise in financial reporting, internal controls, and compliance assurance. He leads audit engagements by designing and executing effective testing strategies, ensuring the accuracy of financial statements and the integrity of reporting processes. With a strong command of IFRS and GAAS standards, Mikayel applies risk-based audit methodologies to deliver reliable insights to clients and stakeholders. Mikayel graduated from University of California with a BA in Business, his professional experience includes senior audit roles at Dimov CPA Services and BDO. As a senior member of his team, he contributes to knowledge sharing, mentors junior colleagues, and upholds the highest standards of quality and professionalism in every audit engagement. Andrew Nartovich Senior Auditor Andrew Nartovich is a Senior Auditor with 15+ years in financial reporting, internal controls, and compliance across Big Four and mid-market firms. He leads complex audits end-to-end—scoping, risk assessment, testing, and issue remediation—using risk-based approaches. His work spans consolidations, revenue, inventories, estimates, and disclosures, with clear communication to management and external stakeholders. Fluent in IFRS/IAS and US GAAP, Andrew executes ISA/GAAS-aligned procedures. He holds a degree in Accounting, Analysis, and Audit, DipIFR and is pursuing ACCA. Andrew’s experience includes senior roles at Deloitte and KPMG, Senior Auditor at George Dimov CPA, plus prior positions at BDO and EPAM. He mentors teams and champions audit quality. TEAM CONTINUITY STATEMENT Our firm is committed to team stability, with exceptionally low turnover over the past three years. Through ongoing training and mentorship, we ensure clients benefit from consistent professionals who understand their history and objectives. None of the individuals we are proposing have had complaints filed with the state board of accountancy or any other regulatory authority. We uphold the highest ethical standards through strong internal controls and address any concerns with transparency, urgency, and accountability—protecting client trust while reinforcing professional excellence. 03 DIMOV AUDIT EXPERIENCE Dimov Audit commits to delivering comprehensive, compliant audits with strong expertise in financial transparency and regulatory standards. Dimov Audit is an audit division of Dimov Associates LLC, an accounting firm with a team of 90 professionals who specialize in delivering comprehensive audit and financial services. George Dimov, CPA is a licensed firm with a dedicated audit and tax divisions that have completed more than 95 audits in the past two years, including over 62 nonprofit and grant-funded audits. Nonprofit organizations are a core segment of our clients, and we have developed deep expertise in addressing the unique financial complexities they face—particularly those linked to compliance with donor restrictions, government grants, and Uniform Guidance requirements. Dimov Audit team offers a full range of services, including: . Financial Statement Audit Service: Comprehensive and meticulous financial statement audits to ensure accuracy and compliance with regulatory standards. . Financial Statement Review: Analytical review services offering a high-level assessment of financial statements for accuracy and plausibility. . Compiled Financial Statements: Professional compilation services to assist in the preparation of financial statements in accordance with applicable frameworks. Our team has extensive experience conducting audits under GAAS, GAGAS (Yellow Book), Uniform Guidance (Single Audit), PCAOB, IFRS and other US as well as international standards across a variety of industries, including private and public sectors. Our ability to navigate complex regulatory environments and our use of advanced technology to streamline audit processes position us as an ideal partner for customers. Quality Assurance Dimov Audit maintains rigorous adherence to professional standards, as confirmed by our most recent AICPA Peer Review, in which we received a “Pass” rating with no deficiencies. This independent verification affirms the quality of our systems of control and the reliability of our work. Our team holds membership in the American Institute of Certified Public Accountants (AICPA), aspiring to uphold the highest standards of ethics and professional integrity. By drawing on the organization’s continuing education, research, and technical guidance, we ensure our staff stay consistently up to date with the latest accounting knowledge and best practices. We take pride in quick communication, seamless service delivery, and accurate work. We offer comprehensive consulting, assuring trust and transparency with each audit conducted. DIMOV AUDIT EXPERIENCE (cont’d) Experience with Membership Entities and Community Focused Audits Dimov Associates LLC brings extensive experience auditing nonprofit, and community-focused entities—organizations accountable to public stakeholders and subject to rigorous reporting and compliance requirements. Our recent work demonstrates our ability to perform financial statement audits in accordance with U.S. Generally Accepted Auditing Standards (GAAS), Generally Accepted Government Auditing Standards (GAGAS, Yellow Book), and, where applicable, Uniform Guidance. In 2023–2024, our firm completed more than ninety-five (95) audit engagements, including numerous projects for entities funded through public and grant programs. Among these was the audit of Private School Axis, which involved a financial statement audit under a special-purpose cash basis framework. The organization, which provides educational opportunities for underserved communities, required careful evaluation of restricted and unrestricted fund activity, revenue recognition timing, and donor compliance. The audit produced an unmodified opinion and enhanced stakeholder confidence in the organization’s governance and reporting. Dimov Associates also conducted an independent audit for Coding Clarified LLC, an educational and training entity subject to detailed reporting under GAAP. The audit evaluated internal controls, accounting policies, and transparency of financial reporting. The result was a clean opinion with no findings, reinforcing the entity’s fiscal soundness and reliability Across these engagements, Dimov Associates demonstrated consistent capacity to meet demanding deadlines, navigate multi-source funding structures, and ensure full compliance with applicable federal, state, and local audit standards. Dimov Audit’s experience auditing community-focused and member-based organizations is directly relevant to the Deer Run CDD. The firm’s familiarity with Florida statutory reporting under §218.39 and Chapter 190 enables precise compliance with CDD audit requirements. Comparable Association and Membership Entities Beyond nonprofits, we routinely support membership-based and association-like organizations, including housing associations and, by streamlining reporting packages for member meetings and annual budgets, strengthening internal controls, and enhancing clarity and transparency so boards can make well-informed decisions and members maintain confidence year-round. Breadth of Audit and Tax Services Our services include financial statement audits, compliance audits, reviews, compilations, and ongoing bookkeeping and tax support. For organizations like the Science for All Foundation and its subsidiary KXI Research and Consulting, LLC, our audits not only confirmed compliance but also identified operational efficiencies and improved investor confidence. This dual emphasis on compliance and practical outcomes is consistent across our engagements, allowing us to provide value beyond the audit report. 04 UNDERSTANDING OF SCOPE OF WORK Dimov Audit is fully aware of the purpose, constraints, and statutory environment of the Deer Run Community Development District Dimov Audit is fully aware of the purpose, constraints, and statutory environment of the Deer Run Community Development District (the “District”). Dimov Audit understands that Deer Run CDD is a local unit of special-purpose government established under Chapter 190, Florida Statutes, to finance, construct, operate, and maintain public infrastructure serving the community in Flagler County, Florida. The District is governed by a five-member Board of Supervisors and is subject to Florida’s public accountability laws on open meetings, records, budgeting, and financial transparency. The annual audit is a key instrument of public trust—providing assurance to the Board, residents, and oversight bodies that the financial statements are fairly presented, internal controls operate effectively, and public resources are managed in accordance with law. The engagement will comply with Section 218.39, Florida Statutes, the Rules of the Florida Auditor General (Chapter 10.550), and Government Auditing Standards (GAGAS). The District’s recent audit was performed in accordance with GAAS and GAGAS and included the required Internal Control and Compliance reporting and the independent accountants’ report on Section 218.415, Florida Statutes. Dimov Audit recognizes that CDD audits differ from commercial or nonprofit engagements. For Deer Run, the accounting environment includes a General Fund, a Capital Reserve/Capital Projects Fund, and a Debt Service Fund for the Series 2018 Special Assessment Revenue and Refunding Bonds. Dimov Audit will tailor procedures to Deer Run’s specific control environment and reporting needs. In addition to issuing an independent opinion on the financial statements, we will: . Evaluate the design and operating effectiveness of internal controls over financial reporting and compliance and issue the required Government Auditing Standards report. . Test compliance with applicable Florida statutes and Auditor General rules under §218.415, and debt-related covenants—and issue the required compliance report(s) and management letter. . Review special assessment methodologies and collections across the General and Debt Service Funds; reconcile to the assessment rolls and to county collections. FY2025 O&M assessment allocations and per-unit rates will be traced to the adopted assessment tables. . For bonded indebtedness, examine debt service activity, trust indenture accounts (revenue, redemption, reserve, interest, prepayment), reserve sufficiency, and any extraordinary redemptions or prepayments. . Coordinate deliverables and timelines with the District Manager, Trustee , dissemination agent, and other service providers identified in the District’s budget narrative. Project management & timing. We will coordinate our fieldwork and reporting to align with Deer Run’s statutory deadlines and the Auditor General filing cadence. Notably, the District has publicly noticed an RFP for audit services for FY2025 (with four optional renewals), identifying core compliance requirements (Chapter 473 licensure; GAGAS) and submission logistics via the Recording Secretary. Our planning will honor the evaluation criteria and timeline established in that notice. Dimov Audit approaches this engagement as a collaborative partnership focused on clarity, compliance, and communication. Our procedures are calibrated to the scale and complexity of Deer Run CDD so the Board receives not only an audit opinion but targeted, actionable insights that strengthen fiscal stewardship, accountability, and public confidence. 05 AUDIT PLAN FOR THE DEER RUN CDD To outline our firm’s approach to The Deer Run CDD audit, we provide a scope of audit and audit plan below Standards & independence. The audit will be conducted in accordance with the U.S. Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS or 'Yellow Book'), and the applicable provisions of Florida Statutes Chapter 218.39 governing annual financial audits of local governmental entities. Our firm meets all independence and peer review requirements under the rules of the Florida Board of Accountancy and the AICPA Code of Professional Conduct. 1. Methodology overview Risk assessment & materiality. We will evaluate financial reporting risks associated with debt service, assessments, reserve funding, and infrastructure maintenance. Materiality will be determined based on both quantitative measures (total revenues and expenses) and qualitative factors such as bond covenant compliance and statutory requirements. Internal control understanding. We will perform walkthroughs of key transaction cycles—assessment billing and collection, cash disbursements, debt service payments, and financial reporting. These procedures will identify control strengths and areas for improvement. Substantive testing. Analytical procedures and sampling will be performed across significant accounts such as assessments, cash, investments, payables, and reserves. Testing will include reconciliation ofSeries 2018 Special Assessment Revenue and Refunding Bonds to trustee confirmations and District records. Compliance focus. Testing will verify compliance with Florida Statutes, bond indenture agreements, and applicable state reporting requirements. This includes verification of compliance with Section 218.39(3)(c), Florida Statutes, regarding the submission of the audit to the Auditor General. Quality control. A concurring review partner will perform an independent quality review before issuance to ensure adherence to professional standards 2. Work Plan, Timing, and Staffing Phase Key Activities (non-exhaustive) Time Estimate* Team Planning Engagement setup; prior-year review; obtain bond and budget documents; establish materiality; risk identification. 1 week Partner, Senior Manager, Seniors Interim Testing Walkthroughs of control systems; testing assessment billings and collections; verify internal control implementation. 1–2 weeks Seniors, Staff Fieldwork Substantive testing of accounts and disclosures; verification of assessment revenue, debt service payments, reserves, and expenditures. 2 weeks Senior Manager, Seniors, Staff Reporting Preparation of draft financial statements and reports; review with management and the Board; final issuance and submission per Florida Statutes. 1 week Partner, Senior Manager *Time estimates are approximate and subject to scope and client readiness. 3. Work to be accomplished The audit will be conducted in accordance with Government Auditing Standards, Generally Accepted Auditing Standards (GAAS), Florida Statutes §218.39, and the Rules of the Auditor General of Florida. Deliverables will include: . Independent Auditor’s Report . Management’s Discussion & Analysis review . Government-wide and Fund financial statements . Internal Control and Compliance Report . Management Letter per Chapter 10.550 Rules of the Auditor General . Independent Accountant’s Report on Investment Compliance (§218.415 F.S.) . 4. Collaboration & communication . Kick-off and PBC coordination: A detailed prepared-by-client list will be issued with clear deadlines for documentation delivery. . Status meetings: Weekly check-ins during fieldwork to discuss progress and open items. . Exit meeting: Discussion of audit results with management and, upon request, presentation to the Board of Supervisors. 5. Success prerequisites & assumptions . Timely access to financial records, budgets, and bond documentation. . Availability of District Management for discussion and review of findings. . Accuracy and completeness of the accounting system and underlying records. . Cooperative communication throughout the engagement to meet statutory deadlines. 06 REFERENCES We operate nationwide and have earned a strong reputation, reflected in numerous 5-star reviews across multiple platforms, which we share below - please click on the platform name to view. Yelp Google Proadvisor Expertise LinkedIn Thumbtack Additionally, we have successfully served clients in Florida, including Dunham-Bush USA LLC, where we conducted a financial statement audit, which resulted in a clean opinion confirming fair financial presentation and strong financial management. The owner, Eric Hogan, has kindly consented to serve as a reference. Dunham-Bush USA LLC 1800 SE 38th Ave, Homestead, FL 33035. Project Overview: We conducted an audit of Dunham-Bush USA LLC’s financial statements for the year ended December 31, 2018. The company operates in the sale of heating, ventilating, air conditioning units, and refrigeration equipment, with a focus on manufacturing and distribution. Services Provided: . Independent audit of the company’s financial statements, including the statement of financial position, profit or loss, changes in equity, and cash flows. . Evaluation of the company’s adherence to International Financial Reporting Standards (IFRS). . Analysis of the company’s internal control systems, ensuring compliance with financial regulations and best practices. The Result The audit concluded that the financial statements presented fairly, in all material respects, the company’s financial position. The positive outcome enhanced the company’s financial transparency and demonstrated robust financial management, supporting stakeholder confidence and the company's ongoing business operations. Contact person: Eric Hogan Title: Owner Phone number and email: Eric@dbamericas.com Phone: 786-420-6403 REFERENCES (cont’d) CODING CLARIFIED LLC Project Overview: We conducted an independent audit of the financial statements for Coding Clarified LLC, an online medical coding school offering self-paced courses to prepare individuals for certification exams. The audit covered the financial statements for the year ended December 31, 2023. Services Provided: . Conducted a full audit of the company’s financial statements, including the balance sheet, income statement, and statement of cash flows. . Evaluated the company’s financial position, ensuring compliance with U.S. Generally Accepted Accounting Principles (GAAP). . Reviewed internal controls and accounting practices to ensure the accuracy of financial reporting. Timeframe: The audit was completed for the fiscal year ending December 31, 2023, and the report was finalized on July 19, 2024. Positive Outcome: The audit concluded that the financial statements presented fairly, in all material respects, the financial position of Coding Clarified LLC. The result reinforced the company’s credibility and transparency in its financial reporting, instilling confidence among stakeholders and positioning the company for continued success. Contact person: Janine Mothershed Title: Founder Phone number and email: Email:janine@codingclarified.com Phone: (833) 633 2633 REFERENCES BACKCOUNTRY BROADBAND LLC Project Overview: We conducted an independent audit for Backcountry Broadband LLC, a startup regional Internet Service Provider (ISP) based in Colorado that focuses on delivering high-speed fiber-optic internet to underserved mountain communities. The audit covered the financial statements for the year ended December 31, 2022. Services Provided: . Conducted a comprehensive audit of the financial statements, including the balance sheet, income statement, and cash flow statement. . Ensured compliance with U.S. Generally Accepted Accounting Principles (GAAP). . Evaluated the company's internal financial processes, focusing on areas such as revenue recognition, property and equipment depreciation, and liabilities. Timeframe: The audit was completed for the fiscal year ending December 31, 2022, and the report was finalized on March 19, 2024. Positive Outcome: The audit confirmed that the financial statements fairly presented the financial position of Backcountry Broadband LLC. Although the company operated at a net loss, it successfully secured financing and made significant investments in infrastructure to facilitate future growth. This audit strengthened the company’s financial transparency, which is essential for its continued expansion and credibility with investors and stakeholders. Contact person: Thomas Amundsen Title: CEO Phone number and email: Email:ramundsen@americanbath.us Phone: (702) 881 9270 07 LICENSES AND INSURANCE CPA LICENSING Dimov Associates LLC is duly licensed under Chapter 473, Florida Statutes, and fully authorized to practice public accountancy in the State of Florida. The firm maintains an active license in good standing with the Florida Board of Accountancy and is qualified to perform audits in accordance with “Government Auditing Standards” as adopted by the Florida Board of Accountancy and the rules of the Florida Auditor General. The managing partner, George Dimov CPA, assigned to this engagement holds a valid Florida CPA license and the team meets the independence and competency requirements established under Florida law and applicable governmental auditing standards. Florida CPA firm license No. AD72289 George Dimov, a Florida Certified Public Accountant (License No. AC62211), will sign the auditor’s report and all related deliverables. LICENSES AND INSURANCE (con’t) PEER REVIEW We are proud to have successfully completed a rigorous independent peer review, affirming our commitment to audit quality, integrity, and continuous improvement. INSURANCE Dimov Associates LLC maintains the following active liability coverages: Commercial General Liability; Automobile Liability; Umbrella/Excess Liability; Accountants Professional Liability; Employment Practices Liability; Directors & Officers Liability; and Cyber Liability. A current ACORD 25 certificate of insurance is available and will be provided upon request. 08 OUR FEE PROPOSAL TO THE DISTRICT Our pricing model is flexible: we offer a transparent base fee with optional services, giving the district choice to tailor the scope and cost to its priorities. Focused Audit Engagement — Baseline Option Having reviewed the District’s audit history, we recognize that the District undergoes annual audits and is familiar with the routine requirements of the process. Accordingly, we are proposing a focused, standards-based engagement designed to meet statutory requirements efficiently and professionally. The base engagement includes: . Independent Auditor’s Report in accordance with GAAS and Government Auditing Standards. . Statutory compliance procedures required for filing (minimum sampling and procedures required by applicable Florida rules). . Substantive testing sufficient to support year-end balances and disclosures. . Preparation of required financial statements and the management letter limited to matters required by statute. . Communication with management and those charged with governance on any required matters. Additional advisory services, expanded testing, or operational reviews are outside the base engagement and will be performed only upon separate authorization. Non-Standard / Optional Services (Beyond the Baseline Option) The following services are excluded from the baseline engagement and will be performed only upon written client authorization and under a separately agreed scope and fee: . Detailed bond-issuance and trustee accounting/testing, including application of bond proceeds and amortization schedules. . Comprehensive construction-in-progress testing, including contract review, draw schedule verification, change-order testing, and developer contribution analysis. . Expanded investment attestations or larger sample sizes beyond statutory minimums, and any agreed-upon procedures engagement related to investments. . In-depth review of related-party or management-company transactions, including compensation testing and cost allocations. . Any advisory, consulting, or operational improvement work, such as expanded management-letter recommendations, process redesign, or forensic testing. Our fees for a baseline audit as specified in above are as follows: $3,900 GAAS Audit for FY ending September 30, 2025 Includes: Audit of Deer Run CDD’s basic financial statements, report on internal controls, management letter, and submission of the final Independent Auditor’s Report and all required audit reports. Responses within 24 hours . Short, purposeful PBC list Secure document exchange Minor adjustments to deliverables - up to 2 hrs of staff time Minor, directly related adjustments to deliverables under the flat-fee engagement. Time exceeding 2.0 hours will be billed at the blended rate stated below. $3,900 One-year engagement total Additional fees: $250 Ad-Hoc Professional Services (Blended Rate) Scope: Audit-related services outside the baseline. Billed in 0.25-hour increments. Notes: 1. The District may renew this engagement for up to four (4) additional one-year terms, subject to mutual agreement, at the following annual rates: FY2026 – $4,000 | FY2027 – $4,100 | FY2028 – $4,200 | FY2029 – $4,300 2. Fees are inclusive of all expenses associated with conducting the baseline audit in accordance with Government Auditing Standards and Section 218.39, Florida Statutes, as outlined in this section of the proposal. 3. Payment Terms: 100% of the engagement fee is payable before work begins. Flexible arrangements may be considered upon request. 4. Prepared by Client (PBC): Fee assumes timely delivery of standard PBC items (trial balance, subledgers, aging, WIP schedules, lease listings, bank/legal contacts) at least 10 business days before fieldwork. Delays or substantial rework may require a change order agreed in advance. 5. Financial Statement Drafting: Dimov may assist in drafting financial statements and disclosures at an additional fee; management retains full responsibility for the financial statements and internal control. 6. Location: Work and all meetings will be performed remotely. 7. Out-of-Scope Items: as per the this section of the proposal 8. Change Management: Any change in scope will be discussed promptly and priced in a written amendment before work proceeds. 9. Ad-Hoc Services Cap — 15% of Engagement Fee: Ad-hoc services performed without prior written authorization are capped at 15% of the total audit engagement fee per engagement. 1. 09 MANDATORY CRITERIA AFFIRMATION Dimov Associates LLC affirms that it meets all mandatory criteria required under the Deer Run Community Development District’s Request for Proposals for Annual Audit Services. Licensing Compliance: Dimov Associates LLC is duly licensed under Chapter 473, Florida Statutes, and fully authorized to practice public accountancy in the State of Florida. The firm maintains an active license in good standing with the Florida Board of Accountancy and complies with all professional and statutory requirements. Professional Standards: All audit engagements will be conducted in accordance with Florida Law, Section 218.39, Florida Statutes, and the rules of the Florida Auditor General, as well as Government Auditing Standards (Yellow Book) issued by the U.S. Government Accountability Office. Independence: Dimov Associates LLC maintains full independence, both in fact and appearance, from the Deer Run Community Development District and any related entities, in accordance with the independence requirements of Government Auditing Standards (2018 Revision). Qualified Personnel: All key personnel assigned to the engagement hold valid and active Certified Public Accountant (CPA) licenses and possess the requisite education, experience, and continuing professional education (CPE) credits required under Florida law and Government Auditing Standards. Good Standing: The firm has no record of substandard audit work and maintains an exemplary reputation with state and federal oversight agencies. Dimov Associates LLC has not been subject to any disciplinary action by the Florida Board of Accountancy or the AICPA. Dimov Associates LLC acknowledges and accepts the District’s protest procedures as outlined in the RFP Section 13 and recognizes the limitation of liability under Section 768.28, Florida Statutes. October 31, 2025 Via email: mbiagetti@gmsnf.com Matthew Biagetti, District Manager Deer Run CDD (Grand Reserve) Government Management Services 475 West Town Place, Suite 114 St. Augustine, FL 32092 Re: Conveyance of the Rights-of-Way Within Units 1A, 1B, Phase 2, Phase 4, Phase 5 & Phase 6. Transfer of Stormwater Ponds in Phase 5 and Phase 6 Conveyance of Common Area Tracts in Phase 5 and Phase 6 Dear Matthew, As a follow-up to Emily Pierce’s letter dated August 19, 2025 to Jim Oliver, D.R. Horton, Inc. – Jacksonville (“DRH”) would like to offer the Deer Run Community Development District (the “CDD”) Board a maintenance bond on the roads that will be impacted by construction traffic until completion of the houses in Grand Reserve Phase 5 in exchange for the CDD accepting ownership of the roads as set forth in the attached Quit Claim deed. Conveyance of the Rights-of-Way Within Units 1A, 1B, Phase 2, Phase 4, Phase 5 & Phase 6 Below is the current status of the roads: Grand Reserve Phase 2 • Engineer’s Certification of Completion dated March 24, 2021 • Development Acceptance at May 10, 2021 City Commission • Warranty Repairs complete August 29, 2025 • Maintenance Bond release on November 10, 2025 City Commission Grand Reserve Phase 4 • Engineer’s Certification of Completion dated May 18, 2022 • Development Acceptance at February 27, 2023 City Commission • Warranty Repairs complete August 29, 2025 • Maintenance Bond released at October 13, 2025 City Commission Grand Reserve Phase 5 • Engineer’s Certification of Completion dated April 17, 2025 • Development Acceptance on November 24, 2025 City Commission • Maintenance Bond effective November 24, 2025 • Warranty Inspection shall occur October 2027 • 2nd Lift Asphalt to occur after completion of Warranty Repairs Grand Reserve Phase 6 • Engineer’s Certification of Completion dated July 8, 2025 • City Final Inspection: partial October 30, 2025. final to be November 2025. • Development Acceptance upon completion of City Final Inspection punch items • Maintenance Bond effective at time of Development Acceptance • Warranty Inspection shall occur 24 months after effective date of Maintenance Bond • 2nd Lift Asphalt to occur after completion of Warranty Repairs Transfer of Stormwater Ponds in Phase 5 and Phase 6 DRH is also asking the CDD to accept transfer of the stormwater ponds in Grand Reserve Phase 5 and Phase 6. Below is the current status of the stormwater ponds Grand Reserve Phase 5 • SJRWMD as-built certification dated May 21, 2025 • CDD Engineer inspection August 12, 2025 • DRH completed CDD Engineer punch list September 24, 2025 • Existing pond SMF-13A, Tract C. All houses are complete • SMF 5-4, Tract L. No houses touch this SMF. • SMF 5-3, Tract H. 50% houses are complete. • SMF 5-2, Tract I. 50% houses are complete. • SMF 5-1, Tract I. Only 2 lots touch this SMF. Grand Reserve Phase 6 • SJRWMD as-built certification dated August 4, 2025 • CDD Engineer inspection August 12, 2025 • DRH completed CDD Engineer punch list September 24, 2025 • Existing SMF A1, Tract H. Only 1 lot touches this SMF. • SMF 6-1, Tract E. No houses started yet. Conveyance of Common Area Tracts in Phase 5 and Phase 6 DRH is also asking the CDD to accept transfer of the Common Area Tracts in Grand Reserve Phase 5 and Phase 6. Below is the current status of the Common Area Tracts. Grand Reserve Phase 5 • Tract D. House is complete. • Tract F. House is complete. • Tracts B, E, G, J, K, M, N, O, Q are sodded Grand Reserve Phase 6 • Tracts C, D, F, G, H, K, L, I, J are sodded • Tract B to be sodded Thank you for your consideration in these matters. D.R. Horton, Inc. – Jacksonville Shane Ricci Shane T. Ricci, P.E. Land Development Manager cc: Emily Pierce, RT Law 4220 Race Track Road | Saint Johns, FL 32259 | 904-268-2845 Prepared by and: Record and Return to: Mark C. Dearing Esq. 4220 Race Track Road St. Johns FL 32259 Real Estate Parcel Nos.: 11-12-30-2976-001B0-1B00; 02-12-30-2972-00000-T2A1; 02-12-30-2974-00000-0A10 02-12-30-2977-00000-0A10 11-12-30-2978-00000-00A1 11-12-30-2978-00000-00A2 NOTE TO RECORDER: THE PURPOSE OF THIS CORRECTIVE QUIT CLAIM DEED IS TO CORRECT THE GRANTEE IN THAT PREVIOUS ASSIGNMENT FROM D.R. HORTON, INC. TO CITY OF BUNNELL DATED 06/19/2025 RECORDED IN THE OFFICIAL RECORDS BOOK 2970, PAGE 582, OF THE CURRENT PUBLIC RECORDS OF FLAGLER COUNTY, FLORIDA. CORRECTIVE QUIT CLAIM DEED Made this day of October, 2025, by D.R. Horton, Inc.–Jacksonville, a Delaware corporation, whose address is 4220 Race Track Road, St. Johns, FL 32259 ("Grantor"), and the Deer Run Community Development District, an independent special district established in accordance to Chapter 190, Florida Statutes, and whose address is 107 West College Avenue, Tallahassee, FL 32301 (“Grantee”). WITNESSETH: WHEREAS, a prior deed erroneously conveyed or appeared to convey an interest in the subject property to the City of Bunnell; and WHEREAS, such conveyance was the result of an inadvertent mistake and was never intended by the Grantor to confer any interest, right, or title to the City of Bunnell; and WHEREAS, the City of Bunnell did not accept the mistaken conveyance; and WHEREAS, the parties acknowledge that the referenced deed is invalid with respect to the interest purportedly granted to the City of Bunnell. NOW THEREFORE, Grantor, for and in consideration of the sum of Ten and no/100 Dollars ($10.00), in hand paid by Grantee, the receipt whereof is hereby acknowledged, has remised, released and quit-claimed, and by these presents does remise, release and quit-claim unto Grantee, and their heirs, successors and assigns forever, the following described land in fee simple, situate, lying and being in the County of Flagler, State of Florida, to wit: SEE EXHIBIT "A", ATTACHED HERETO AND MADE A PART HEREOF SUBJECT TO the representations, warranties and agreements contained in Exhibit “B”, attached hereto and made a part hereof. TO HAVE AND TO HOLD the same, together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all the estate, right, title, interest, lien, equity and claim whatsoever of Grantor, either in law or equity, to the only proper use, benefit and behoof of Grantee, their heirs, successors and assigns forever. IN WITNESS WHEREOF, Grantor has hereunto set its hand and seal the day and year first above written. Signed, sealed and delivered D.R. Horton, Inc.–Jacksonville, a Delaware in the presence of: corporation By: Print Name: Print Name: Dennis Then Address: _____4220 Race Track Road ________ Its: Vice President _____________St. Johns, FL 32259_________ Print Name: 4220 Race Track Road Address: ____ St. Johns, FL 32259_________ STATE OF FLORIDA COUNTY OF FLAGLER The foregoing instrument was acknowledged before me by means of physical presence this day of October , 2025, by Dennis Then , the Vice President of D.R. Horton, Inc. - Jacksonville, a Delaware corporation, on behalf of the corporation. He is personally known to me. NOTARY PUBLIC Quit Claim Deed DR to CDD(6554754.1) EXHIBIT “A” Title to those rights of way depicted as Sand Wedge Lane and Grand Par Court within the plat of Grand Reserve Phase 1A & 1B in Map Book: 39, Pages 6 through 11, inclusive; Together with Title to those rights of way depicted as Grand Reserve Drive and a portion of Lob Wedge Lane within the plat of Grand Reserve Phase 2 in Map Book 39, Pages 68 through 73, inclusive, less and except such portions of Lob Wedge Lane identified as Tract "2-A" and previously conveyed by that certain Quit Claim Deed recorded in Official Records Book 2518, page 1008; Together with Title to those rights of way depicted as Grand Reserve Drive, Pinnacle Place and Grand View Drive within the plat of Grand Reserve Phase 4 in Map Book 40, Pages 15 through 19, inclusive; Together with Title to those rights of way depicted as Grand Reserve Drive, Mulligan Way and Divot Place within the plat of Grand Reserve Phase 5 in Map Book 42, Pages 89 through 95, inclusive; Together with Title to those rights of way depicted as Flagstick Lane and Albatross Court within the plat of Grand Reserve Phase 6 in Map Book 43, Pages 30 through 35, inclusive; All of the foregoing in the current public records of Flagler County, Florida Exhibit “B” 1. As Is Where Is. The Property is accepted by Grantee in its present condition, "AS IS, WITH ALL FAULTS, AND WITHOUT ANY WARRANTY WHATSOEVER, EXPRESS OR IMPLIED". By acceptance of this Deed and its recordation in the public records, Grantee acknowledges and agrees that Grantor has not made, does not make and specifically negates and disclaims any representations, warranties, promises, covenants, agreements or guaranties of any kind or character whatsoever, whether express or implied, oral or written, past, present, or future, of, as to, concerning or with respect to (i) the value, nature, quality or physical condition of the Property, including, without limitation, the water, soil and geology, (ii) the income to be derived from the Property, (iii) the compliance of or by the Property or its operation with any laws, rules, ordinances or regulations of any applicable governmental authority or body, (iv) the habitability, merchantability, marketability, profitability or fitness for a particular purpose of the Property, (v) the manner or quality of the construction or materials, if any, incorporated into the Property, or (vi) the manner, quality, state of repair or lack of repair of the Property. Grantor has not made, does not make and specifically disclaims any representations regarding compliance with any environmental protection, pollution or land uses laws, rules, regulations, orders or requirements, including the existence in or on the Property of hazardous substances. By acceptance of this Deed and its recordation in the public records, Grantee further acknowledges and agrees that having been given the opportunity to inspect the Property, Grantee has relied solely on its own investigation of the Property and not on any information provided or to be provided by Grantor, and accepts the Property and waives all objections or claims against Grantor (including, but not limited to, any right or claim of contribution) arising from or related to the matters set forth above in items (i) through (vi) of this Section or as to any hazardous substances on the Property. By acceptance of this Deed and its recordation in the public records, Grantee further acknowledges and agrees that any information provided or to be provided with respect to the Property was obtained from a variety of sources and that Grantor has not made any independent investigation or verification of such information and makes no representations as to the accuracy or completeness of such information. Grantor is not liable or bound in any manner by any verbal or written statements, representations or information pertaining to the Property, or the operation thereof, furnished by any real estate broker, agent, employee, servant or other person. 2. Grantor Released from Liability. By Grantee's acceptance of this Deed and its recordation in the public records, Grantor, its employees, consultants and other affiliates ("Grantor Party" or "Grantor Parties") are hereby released from all responsibility and liability regarding the condition (including the presence in the soil, air, structures and surface and subsurface waters, of materials or substances that have been or may in the future be determined to be toxic, hazardous, undesirable or subject to regulation and that may need to be specially treated, handled and/or removed from the Property under current or future federal, state and local laws, rules, regulations or guidelines), valuation, salability or utility of the Property, or its suitability for any purpose whatsoever. By acceptance of this Deed and its recordation in the public records, without limitation, Grantee specifically releases Grantor from any claims Grantee or its successors and assigns may have against Grantor now or in the future under the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. 9601 et seq., as amended; the Resource Conservation and Recovery Act, 42 U.S.C. 6901 et seq., as amended; and any other analogous state or federal statute; and common law arising from the environmental conditions of the Property or the presence of hazardous substances, solid wastes or any other pollutants or contamination the Property. By acceptance of this Deed and its recordation in the public records, Grantee expressly acknowledges that it has not relied on any warranties, promises, understandings or representations, express or implied, oral or written, of Grantor and/or any Grantor Party relating to the Property which are not contained in this Deed, and that Grantee hereby acquires the Property in its present condition and state of repair, "as is, where is", with all defects, latent or apparent. By acceptance of this Deed and its recordation in the public records, Grantee acknowledges that any information of any type which Grantee has received or may receive from Grantor or any Grantor Party, including, without limitation, any environmental reports and surveys, is furnished on the express condition that Grantee shall make an independent verification of the accuracy of such information, all such information being furnished without any warranty whatsoever. 3. Waiver of Claims Against Grantor Parties. By acceptance of this Deed and its recordation in the public records, Grantee expressly acknowledges that Grantee has not relied on any warranties, promises, understandings or representations, express or implied, oral or written, of Grantor and/or any Grantor Party, relating to the Property which are not expressly contained in this Deed, and that Grantee has acquired the Property in its present condition and state of repair, ("as is, where is"), with all defects, latent or apparent. By acceptance of this Deed and its recordation in the public records, Grantee acknowledges that any information of any type which Grantee has received or may receive from Grantor and/or any Grantor Party, including, without limitation, any environmental reports and surveys, is furnished on the express condition that Grantee shall make an independent verification of the accuracy of such information, all such information being furnished without any warranty whatsoever. By acceptance of this Deed and its recordation in the public records, Grantee agrees that Grantee will not attempt to assert any liability against any Grantor Party for furnishing such information. Sent Via Email: joliver@gmsnf.com September 22, 2025 Mr. Jim Oliver, District Manager Deer Run Community Development District c/o Governmental Management Services 475 West Town Place Suite 114 St. Augustine, Florida 32092 Subject: Work Authorization Number 2026-1 Deer Run Community Development District District Engineering Services – FY 2026 Dear Mr. Oliver: Dewberry Engineers Inc. (Engineer) is pleased to submit this work authorization to provide general engineering services for the Deer Run Community Development District (District). We will provide these services pursuant to our current agreement (“District Engineer Agreement”). I. General Engineering Services The District will engage the services of Dewberry Engineers Inc. (Engineer) as District Engineer to perform those services as necessary, pursuant to the District Engineering Agreement, including attendance at Board of Supervisors meetings, review and approval of requisitions, or other activities as directed by the District’s Board of Supervisors. Our fee for this task will be based on time and materials, in accordance with the enclosed Schedule of Charges. The referenced Schedule of Charges is valid for fiscal year 2026 only. We estimate a budget of $17,000, plus other direct costs. II. Other Direct Costs Other direct costs include items such as printing, drawings, travel, deliveries, et cetera. This does not include any of the application fees for the various agencies, which are the owner’s responsibility and have not been accounted for in this proposal. We estimate a budget of $100. This Work Authorization, together with the referenced District Engineering Agreement, represents the entire understanding between the Deer Run Community Development District and Dewberry Engineers Inc. with regard to the referenced project. If you wish to accept this Work Authorization, please sign where indicated and return one complete copy to Aimee Powell, Senior Office Administrator, in our Orlando office at 800 N. Magnolia Avenue, Suite 1000, Orlando, Florida 32803 (or via email at apowell@dewberry.com). Upon receipt, we will promptly schedule our services. Thank you for choosing Dewberry Engineers Inc. We look forward to continuing our business relationship. Sincerely, A drawing of a mouse Description automatically generated Joey V. Duncan, P.E. Reinardo Malavé, P.E. Principal Engineer Associate Vice President JVD:RM:ap J:\DRB1 Deer Run CDD Bunnell\_Administrative Jobs\Correspondence\Deer Run CDD FY 2026 District Engineering_09-22-2025 APPROVED AND ACCEPTED By: Authorized Representative of Deer Run Community Development District Date: Attachment A STANDARD HOURLY BILLING RATE SCHEDULE Professional/Technical/Construction/Surveying Services LABOR CLASSIFICATION HOURLY RATES Professional Engineer I, II, III $125.00, $140.00, $160.00 Engineer IV, V, VI $185.00, $210.00, $240.00 Engineer VII, VIII, IX $270.00, $300.00, $335.00 Environmental Specialist I, II, III $110.00, $135.00, $160.00 Senior Environmental Scientist IV, V, VI $175.00, $195.00, $220.00 Planner I, II, III $110.00, $135.00, $160.00 Senior Planner IV, V, VI $175.00, $195.00, $220.00 Landscape Designer I, II, III $110.00, $135.00, $160.00 Senior Landscape Architect IV, V, VI $175.00, $195.00, $220.00 Principal $375.00 Technical CADD Technician I, II, III, IV, V $90.00, $110.00, $130.00, $145.00, $190.00 Designer I, II, III $110.00, $140.00, $170.00 Designer IV, V, VI $190.00, $210.00, $245.00 Construction Construction Professional I, II, III $125.00, $160.00, $190.00 Construction Professional IV, V, VI, VII $225.00, $255.00, $305.00, $340.00 Survey Surveyor I, II, III $70.00, $85.00, $110.00 Surveyor IV, V, VI $130.00, $145.00, $160.00 Surveyor VII, VIII, IX $180.00, $210.00, $255.00 Senior Surveyor IX $310.00 Fully Equipped 1, 2, 3 Person Field Crew $160.00, $200.00, $270.00 Administration Administrative Professional I, II, III, IV $72.00, $105.00, $125.00, $155.00 Other Direct Costs (Printing, Postage, Etc.) Cost + 15% Company Confidential and Proprietary: Use or disclosure of data contained on this sheet is subject to restriction on the title page of this report. Revised 06-01-25\Subject to Revision\Standard Hourly Billing Rate Schedule October 03, 2025 Deer Run CDD 219 E. Livington Street Suite #1 Orlando, FL 32801 Send via email: mdady@lerneradvisors.com Re: Closure Letter Grand Reserve & Golf Club Permit Number: 18525-10 Item Number: 1394805 (Please reference the permit number/item number on all correspondence.) Dear Permittee: Upon review of the annual mitigation monitoring report, the St. Johns River Water Management District (District), discovered encroachments to the conservation easement. The District performed a site inspection on August 16, 2023. Based on this investigation, non-compliance concerns were noted. The District has worked with the responsible entity to bring the project into compliance and resolve this matter. We have determined that the required corrective action has been completed and at this time the system is in compliance with the issued permit and functioning in accordance with District rules. Please note that future evaluations including site inspections may be necessary to ensure continued compliance with State law and District rules. As a result of our determination, the District considers this matter to be closed. The District appreciates you working with us to facilitate compliance of your project and wish you well. If you should have any questions, please call me at (407) 215-1479 or by email at GAClemen@sjrwmd.com. Sincerely, Grace Clements Compliance Supervisor Division of Regulatory Services CC: Regulatory File Sent via Email: Nicole Gough-Dewberry-Sent via Email: ngough@dewberry.com Richard Gray-GMS/RMS-Sent via Email: Rgray@rmsnf.com Client: Deer Run Community Development District c/o Ms. Katie Costa Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300 Orlando, FL 32822 Invoice No. Date: 6149-09-25 September 11, 2025 _______________________________________________________________ For Professional Services: Issue Service Fee $11,175,000 Deer Run Community Development District, (City of Bunnell, Florida), Special Assessment Revenue and Refunding Bonds, Series 2018 Rebate Report & Opinion $450 Total $450