FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
Suite 100, 707 Orchid Drive Naples, FL 34102

August 16, 2018

Board of Supervisors
Fronterra Community Development District Dear Board Members:
The Regular Meeting of the Board of Supervisors of the Fronterra Community Development District will be held on August 16, 2018 at 1:30 p.m., at the Barron Collier Companies offices, 2600 Golden Gate Parkway, Naples, Florida 34105. The Regular Board Meeting agenda is as follows:

GENERAL DISTRICT ITEMS

Call to Order/Roll Call

Public Comment Period

ADMINISTRATIVE MATTERS

Consideration of the February 15, 2018 Regular Meeting Minutes	Exhibit 1

EGIS Insurance Proposal	Exhibit 2

ORGANIZATIONAL MATTERS

None to be considered at this time

CONSTRUCTION RELATED MATTERS

Construction Contract Management Update

Ratification of Tolton Contract	Exhibit 3

BUDGETARY MATTERS

OPEN PUBLIC HEARING

Public Comment

Consideration of Resolution 2018-4. The Annual Appropriation Resolution of the Fronterra Community Development District (“District”) relating to the Annual Appropriations and Adopting the Budgets for the Fiscal Year beginning October 1, 2018 and ending September 30, 2019; Authorizing Budget Amendments; and Providing an Effective Date.
Exhibit 4

Budget Letter to Collier County	Exhibit 5

Consideration of Resolution 2018-5. A Resolution of the Board of Supervisors of the Fronterra Community Development District making a determination of Benefit and Imposing Special Assessment for Fiscal Year 2018/2019; Providing for the Collection and Enforcement of Special Assessments, including but not limited to Penalties and Interest Theron; Certifying an Assessment Roll; Providing a Severability Clause; and Providing an Effective Date.
Exhibit 6

Affidavit of Publication	Exhibit 7

Affidavit of Mailing	Exhibit 8

CLOSE PUBLIC HEARING

Consideration of July 31, 2018 Financial Statements	Exhibit 9

Ratification of FY 2016-2017 Audit	Exhibit 10

Ratification of District Management Representation Letter	Exhibit 11

FINANCING MATTERS

None to be considered at this time

OTHER MATTERS

Staff Reports

District Manager

District Counsel

District Engineer

Board Member Comments/Requests

Public Comments

Adjournment

EXHIBIT 1.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
Suite 100, 707 Orchid Drive
Naples, FL 34102

4
5
6	MINUTES OF MEETING
7
8	Board of Supervisors Meeting
9	Thursday, May 17, 2018, 1:33 p.m.
2600 Golden Gate Parkway
Naples, FL 34105
12
13	Present and constituting a quorum were:
14
Brian Goguen	Board Member
John English	Board Member
Jaime Lopez	Board Member
David Genson	Board Member
Mike Levak	Board Member (By Telephone) 20
21	Also present were:
22
Russ Weyer	District Manager, Real Estate Econometrics, Inc.
Mallory Clancy	District Engineer, Johnson Engineering, Inc.
Lindsay Whelan	District Counsel, Hopping Green & Sams, P.A.
Parker Arnold	Barron Collier Company 27
28
29
30
31	FIRST ORDER OF BUSINESS	Call to Order and Roll Call
32
Mr. Weyer called the meeting to order and proceeded with the roll call. The members in
attendance  are  as outlined above.	Mr. Weyer noted that the meeting was advertised
appropriately. 36
37
38	SECOND ORDER OF BUSINESS	Public Comments
39
Mr. Weyer noted that the Florida Statutes require that there be an opportunity for Public
Comment. 42
43	There were no public comments 44
45

1	THIRD ORDER OF BUSINESS	Administrative Matters
2
3	Consideration of the February 15, 2018 Regular Meeting Minutes.
4

On MOTION by Mr. Goguen and seconded by Mr. Lopez with all in favor, the Board of Supervisors of the Fronterra Community Development District approved the minutes of the February 15, 2018 Fronterra Community Development District Regular Meeting.

5	There was no discussion or changes suggested. 6
7
8
9
10
Consideration of Resolution 2018-1 A RESOLUTION OF THE BOARD OF
SUPERVISORS  OF  THE  FRONTERRA  COMMUNITY  DEVELOPMENT   DISTRICT
DESIGNATING A DATE, TIME AND LOCATION FOR  A LANDOWNERS’ MEETING
AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR
THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN
EFFECTIVE DATE.
17
Ms. Whelan explained that this is an election year for the Board and that Seats 2, 4 & 5
were up for election (Mssrs. English, Lopez and Levak).  The resolution states that this
election will be held on November 6th and unless the Board elects to hold a Board Meeting
on that date, all that is required is for the landowner to appear with the Proxy votes at that
time.

On MOTION by Mr. Genson and seconded by Mr. English with all in favor, the Board of Supervisors of the Fronterra Community Development District approved Resolution 2018-1 setting the date, time and location for a Landowner’s Meeting and Election.

23
24
25
26
27
Consideration of Resolution 2018-2 A RESOLUTION OF THE BOARD OF
SUPERVISORS	OF	THE	FRONTERRA	COMMUNITY	DEVELOPMENT
DISTRICT REDUCING THE TERMS OF OFFICE OF ALL CURRENT
SUPERVISORS TO COINCIDE WITH THE GENERAL ELECTION PURSUANT
TO	SECTION	190.006,	FLORIDA	STATUTES;	PROVIDING	FOR
SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE
34
Ms. Whelan said that this document reduces the terms of office for the current Supervisors

On MOTION by Mr. Genson and seconded by Mr. Goguen with all in favor, the Board of Supervisors of the Fronterra Community Development District approved Resolution 2018-2 reducing the terms of office of all current supervisors to coincide with the General Election in November.

to coincide with general election in November. There was no further discussion. 37
38
39
40
41
42
43
44	FOURTH ORDER OF BUSINESS	Organizational Matters
45
46	There were no organizational matters to be considered.

2
FIFTH ORDER OF BUSINESS	Construction-Related
Matters
5
Ms. Clancy reported that she had an engineer go out and inspect the site.  Phase 1 is almost
complete and we are moving on to Phase 2. Mr. Weyer asked what was left on the bond and
it looks like there is about $500,000 left in the construction fund. He said that the process is
working well with the requisitions. 10
11	There was no further discussion. 12
13	SIXTH ORDER OF BUSINESS	Budgetary Matters
14
15	Consideration of the April 30, 2018 Financial Statements.
16
Mr. Weyer presented the District financial statements through April 2018. He said that the
District cash flow is at $20,000 in the account at the moment and he was able to get about
$15,000 back from the bond fund for legal and engineering expenses incurred while
managing the construction of the infrastructure. He noted that he won’t be requesting a
developer funding agreement for a couple of months. He estimates that the cost side of the
budget should be around $60,000 by fiscal year end. 23

On MOTION by Mr. Goguen and seconded by Mr. Lopez, with all in favor, the Board of Supervisors of the Fronterra Community Development District accepted the District financial statements through April 30, 2018.

24	There was no further discussion. 25
26
27
28
29
Consideration of Resolution 2018-3 A RESOLUTION OF THE BOARD OF
SUPERVISORS	OF	THE	FRONTERRA	COMMUNITY	DEVELOPMENT
DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2018/2019;
DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGETS
PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING
PUBLIC	HEARINGS;	ADDRESSING	PUBLICATION;	ADDRESSING
SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
37
Mr. Weyer went through the budget and noted that the operating & maintenance budget is
lower by 25% and is based on what has happened this year. It is primarily focused on
administrative costs since the maintenance is being handled by the HOA through our
agreement with them. 42
The debt service budget was also explained by Mr. Weyer. Ms. Whelan asked for the
Board to set the date and time. Mr. Goguen asked for August 16th at 1:30 p.m.

On MOTION by Mr. Goguen and seconded by Mr. Genson, with all in favor, the Board of Supervisors of the Fronterra Community Development District approved Resolution 2018-3 which approves the proposed budgets for FY 2018-2019 and sets Thursday, August 16th at 1:30 p.m. at the Barron Collier Company offices for a public hearing to establish the assessments.

2
3
4
5
6
7
8	SEVENTH ORDER OF BUSINESS	Financing Matters
9
10	There were no financing matters to be considered. 11
12
13	EIGHTH ORDER OF BUSINESS	Staff Reports
14
15	6.	Staff Reports
16
17	A.	Manager’s Report –
18
Mr. Weyer showed the proof of publication for this meeting, the District voter
registration from the Supervisor of Elections and the Signed CDD/HOP
Agreement.
22
He also reported that the audit has been underway and is still scheduled to be
completed before the June 30th deadline.  The Board authorized the Chairman to
sign the Board authorization letter. 26
27	B.	Attorney’s Report –
28
29	Ms. Whelan had nothing further to report. 30
31	C.	Interim Engineer’s Report –
32
33	Ms. Clancy had nothing further to report. 34
35
36	NINTH ORDER OF BUSINESS	Supervisors’ Requests
37
38		There were no supervisors’ requests. 39	.
40
41	TENTH ORDER OF BUSINES	Public Comments
42
43	There were no public comments. 44

1	ELEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. English and seconded by Mr. Lopez with all in favor, the meeting of the Board of Supervisors of the Fronterra Community Development District was adjourned.

2
3
4
5
6
7
8	 		 		
9	Secretary/Assistant Secretary	Chairperson/Vice-Chairperson	
10			
11			
12	 		 		
13	Print Name	Print Name	

EXHIBIT 2.

 	

Egis Insurance & Risk Advisors
Is pleased to provide a Proposal of Insurance Coverage for:

Fronterra Community Development District

Please review the proposed insurance coverage terms and conditions carefully. Written request to bind must be received prior to the effective date of coverage.

The brief description of coverage contained in this document is being provided as an accommodation only and is not intended to cover or describe all Coverage Agreement terms. For more complete and detailed information relating to the scope and limits of coverage, please refer directly to the Coverage Agreement documents. Specimen forms are available upon request.

Quotation being provided for:

Fronterra Community Development District c/o Real Estate Econometrics, Inc.
707 Orchid Drive, Suite 100
Naples, FL 34102

Term: October 1, 2018 to October 1, 2019

Quote Number: 100118295

PROPERTY COVERAGE

SCHEDULE OF COVERAGES AND LIMITS OF COVERAGE
COVERED PROPERTY	
Total Insured Values – Blanket Building and Contents – Per Schedule on file totalling	Not Included	
Loss of Business Income	Not Included	
Additional Expense	Not Included	
Inland Marine	
Scheduled Inland Marine	Not Included	
It is agreed to include automatically under this Insurance the interest of mortgagees and loss payees where applicable without advice.

	Valuation	Coinsurance	
Property	Replacement Cost	None	
Inland Marine	Actual Cash Value	None	

DEDUCTIBLES:	Not Applicable	Per Occurrence, All other Perils, Building & Contents and
Extensions of Coverage.	
	Not Applicable	Total Insured Values per building, including vehicle values, for “Named Storm” at each affected location throughout Florida subject to a minimum of Not
Applicable per occurrence, per Named Insured.	
	Per Attached Schedule	Inland Marine	

Special Property Coverages	
Coverage	Deductibles	Limit	
Earth Movement	Not Applicable	Not Included	
Flood	Not Applicable	Not Included	
Boiler & Machinery		Not Included	
TRIA		Not Included	
*Except for Zones A & V see page 8 (Terms and Conditions) excess of NFIP, whether purchased or not

TOTAL PROPERTY PREMIUM	Not Included	

Extensions of Coverage
If marked with an "X" we will cover the following EXTENSIONS OF COVERAGE under this Agreement, These limits of liability do not increase any other applicable limit of liability.

(X)	Code	Extension of Coverage	Limit of Liability	
	A	Accounts Receivable	$500,000 in any one occurrence	
	
B	
Animals	$1,000 any one Animal
$5,000 Annual Aggregate in any one agreement period	
	
C	
Buildings Under Construction	As declared on Property Schedule, except new buildings being erected at sites other than a covered location which is limited to $250,000
estimated final contract value any one construction project.	
	D	Debris Removal Expense	$250,000 per insured or 25% of loss, whichever is greater	
	
E	Demolition Cost, Operation of Building
Laws and Increased Cost of Construction	
$500,000 in any one occurrence	
	F	Duty to Defend	$100,000 any one occurrence	
	G	Errors and Omissions	$250,000 in any one occurrence	
	H	Expediting Expenses	$250,000 in any one occurrence	
	I	Fire Department Charges	$50,000 in any one occurrence	
	J	Fungus Cleanup Expense	$50,000 in the annual aggregate in any one occurrence	
	K	Lawns, Plants, Trees and Shrubs	$50,000 in any one occurrence	
	L	Leasehold Interest	Included	
	M	Air Conditioning Systems	Included	
	
N	
New locations of current Insureds	$1,000,000 in any one occurrence for up to 90 days, except 60 days for Dade, Broward, Palm Beach from the date such new location(s) is first purchased, rented or occupied whichever is earlier. Monroe County on
prior submit basis only	
	O	Personal property of Employees	$500,000 in any one occurrence	
	P	Pollution Cleanup Expense	$50,000 in any one occurrence	
	Q	Professional Fees	$50,000 in any one occurrence	
	R	Recertification of Equipment	Included	
	S	Service Interruption Coverage	$500,000 in any one occurrence	
	T	Transit	$1,000,000 in any one occurrence	
	
U	Vehicles as Scheduled Property	
Included	
	V	Preservation of Property	$250,000 in any one occurrence	
	W	Property at Miscellaneous Unnamed Locations	$250,000 in any one occurrence	
	
X	Piers, docs and wharves as Scheduled Property	
Included on a prior submit basis only	

	Y	Glass and Sanitary Fittings Extension	$25,000 any one occurrence	
	Z	Ingress / Egress	45 Consecutive Days	
	AA	Lock and Key Replacement	$2,500 any one occurrence	
	BB	Awnings, Gutters and Downspouts	Included	
	CC	Civil or Military Authority	45 Consecutive days and one mile	
	Section II B1	Business Income	$1,000,000 in any one occurrence	
	Section II B2	Additional Expenses	$1,000,000 in any one occurrence	
	FIA 120	Active Assailant(s)	$1,000,000 in any one occurrence	

CRIME COVERAGE

Description	Limit	Deductible	
Forgery and Alteration	Not Included	Not Included	
Theft, Disappearance or Destruction	Not Included	Not Included	
Computer Fraud including Funds Transfer Fraud	Not Included	Not Included	
Employee Dishonesty, including faithful performance, per loss	Not Included	Not Included	

AUTOMOBILE COVERAGE

COVERAGES	SYMBOL	LIMIT	DEDUCTIBLE	
LIABILITY	N/A	Not Included	Not Included	
HIRED NON OWNED LIABILITY	8,9	$1,000,000	$0	
PERSONAL INJURY PROTECTION	5	STATUTORY	$0	
AUTO MEDICAL PAYMENTS	N/A	Not Included	Not Included	
UNINSURED MOTORISTS/ UNDERINSURED MOTORISTS	N/A	Not Included	Not Included	
AUTO PHYSICAL DAMAGE	N/A	Not Included	Not Included	
Symbol 8, 9 Hired Non-Owned Autos only

GENERAL LIABILITY COVERAGE (Occurrence Basis)

Bodily Injury and Property Damage Limit	$1,000,000	
Personal Injury and Advertising Injury	Included	
Products & Completed Operations Aggregate Limit	Included	
Employee Benefits Liability Limit, per person	$1,000,000	
Herbicide & Pesticide Aggregate Limit	$1,000,000	
Medical Payments Limit	$5,000	
Fire Damage Limit	Included	
No fault Sewer Backup Limit	$25,000/$250,000	
General Liability Deductible	$0	

PUBLIC OFFICIALS AND EMPLOYMENT PRACTICES LIABILITY (Claims Made)

Public Officials and Employment Practices Liability Limit	Per Claim	$1,000,000	
	Aggregate	$2,000,000	
Public Officials and Employment Practices Liability Deductible		$0	

Supplemental Payments: Pre-termination $2,500 per employee - $5,000 annual aggregate. Non-Monetary $100,000 aggregate.

Cyber Liability sublimit included under POL/EPLI Media Content Services Liability
Network Security Liability
Privacy Liability
First Party Extortion Threat First Party Crisis Management First Party Business Interruption
Limit: $100,000 each claim/annual aggregate

PREMIUM SUMMARY

Fronterra Community Development District c/o Real Estate Econometrics, Inc.
707 Orchid Drive, Suite 100
Naples, FL 34102

Term: October 1, 2018 to October 1, 2019

Quote Number: 100118295

PREMIUM BREAKDOWN

Property (Including Scheduled Inland Marine)	Not Included	
Crime	Not Included	
Automobile Liability	Not Included	
Hired Non-Owned Auto	Included	
Auto Physical Damage	Not Included	
General Liability	$2,875	
Public Officials and Employment Practices Liability	$2,375	

TOTAL PREMIUM DUE	$5,250	

IMPORTANT NOTE
Defense Cost - Outside of Limit, Does Not Erode the Limit for General Liability, Public Officials Liability, and Employment related Practices Liability.

Deductible does not apply to defense cost. Self-Insured Retention does apply to defense cost.

Additional Notes: (None)

PARTICIPATION AGREEMENT
Application for Membership in the Florida Insurance Alliance

The undersigned local governmental entity, certifying itself to be a public agency of the State of Florida as defined in Section 163.01, Florida Statutes, hereby formally makes application with the Florida Insurance Alliance (“FIA”) for continuing liability and/or casualty coverage through membership in FIA, to become effective 12:01 a.m., 10/01/2018, and if accepted by the FIA’s duly authorized representative, does hereby agree as follows:

That, by this reference, the terms and provisions of the Interlocal Agreement creating the Florida Insurance Alliance are hereby adopted, approved and ratified by the undersigned local governmental entity. The undersigned local governmental entity certifies that it has received a copy of the aforementioned Interlocal Agreement and further agrees to be bound by the provisions and obligations of the Interlocal Agreement as provided therein;

To pay all premiums on or before the date the same shall become due and, in the event Applicant fails to do so, to pay any reasonable late penalties and charges arising therefrom, and all costs of collection thereof, including reasonable attorneys’ fees;

To abide by the rules and regulations adopted by the Board of Directors;

That should either the Applicant or the Fund desire to cancel coverage; it will give not less than thirty
(30) days prior written notice of cancellation;

That all information contained in the underwriting application provided to FIA as a condition precedent to participation in FIA is true, correct and accurate in all respects.

Fronterra Community Development District

(Name of Local Governmental Entity)

By:    		 		
Signature	Print Name	

Witness By:   		 			
Signature	Print Name	

IS HEREBY APPROVED FOR MEMBERSHIP IN THIS FUND, AND COVERAGE IS EFFECTIVE October 1, 2018

By:   		
Administrator	

EXHIBIT 3.

Charles Talton & Associates, Inc.
LandSmveying • Pl•nnhw· BJlliwrins &	Mem181Df"\l Semces 3608 Badia Baact Suite B Naples, norida MlN
AVetenm Owned SmaH Business
"Serving SW Florida smce 1990"

DATE

6/14/2018

Estimate

NAME / ADDRESS

Russ Weyer Fronterra CDD
707 Orchid Drive Suite 100
Naples, FL 34102

ESTIMATE#

2017307

DUE DATE

6/14/2018

CLIENT PROJECT#

Fronterra PH II
CTA PROJECT#

8,000.00

TOTAL

DESCRIPTION

Provide Construction Surveying Services for Phase II Fronterra on a as needed basis. Estimated Budget will be $8000.00.

Thank You for considering Charles Tolton and Assoc., Inc. for this project. This estimate is good for 3 months after above date.
SIGNATURE

If this estimate is acceptable, please sign and return.	 	

Phone #	239-793-6633	Fax #	239-793-3905
E-mail	C.Tolton@ctasurveying.com	Web Site	www.ctasurveying.com

EXHIBIT 4.

RESOLUTION 2018-4

THE ANNUAL APPROPRIATION RESOLUTION OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2018, submitted to the Board of Supervisors (“Board”) of the Fronterra Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

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

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

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

SECTION 1. BUDGET

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

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

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Fronterra Community Development District for the Fiscal Year Ending September 30, 2019.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2018/2019, the sum of $243,788.00 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	58,675.00	
DEBT SERVICE FUND – SERIES 2017	$ 185,113.00	
TOTAL ALL FUNDS	$ 243,788.00	
SECTION 3. BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2018/2019 or within 60 days following the end of the Fiscal Year 2018/2019 may amend its Adopted Budget for that fiscal year as follows:

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

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

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

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

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE.

This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 16th DAY OF AUGUST, 2018.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Fiscal Year 2018/2019 Budget

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

BUDGET
REVENUES
ON-ROLL ASSESSMENTS	Current Homeowners (74 platted Homesites - All Developer owned)

DEVELOPER CONTRIBUTION INTEREST REVENUE MISCELLANEIOUS REVENUE TOTAL REVENUES

$ 58,675

Developer Platted Units and Acreage

$ 58,675

EXPENDITURES

ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL	$	-
PAYROLL TAXES	-	7.65%
PAYROLL SERVICE FEE		-	$39 per Payroll MANAGEMENT CONSULTING SERVICES	15,000	$1,250/Month
ASSESSMENT ADMINISTRATION	12,000	Lien Book, MBS Capital, Tax Collector, U.S. Bank
ASSESSMENT ROLL PREPARATION		-	Assessment Roll Preparation for Tax Collector MISCELLANEOUS	250	Office Supplies, etc.
STORAGE FEES	900	Offsite File Storage @ $75/month BANK CHARGES		-
AUDITING	5,000	Audit required since Bonds are issued
INSURANCE (Liability, Property & Casuality)	5,250	DAO Insurance
LEGAL ADVERTISING	2,400	4 Ads at $300/each and 2 Ads at $600/each
REGULATORY AND PERMIT FEES	175	State Filing Fee
LEGAL SERVICES	10,000	Hopping Green & Sams
ENGINEERING SERVICES - General	5,000	Johnson Engineering
WEBSITE DESIGN & HOSTING	500	Required by State Law MISCELLANEOUS SERVICES

TOTAL ADMINISTRATIVE EXPENDITURES	$ 56,475

FIELD                        OPERATIONS FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE LANDSCAPE REPLACEMENT
LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY
WATER  USE  MONITORING ENTRY MONUMENTS MAINTENANCE WETLAND   MONITORING SFWMD ERP ANNUAL REPORT
LAKE                       MAINTENANCE TOTAL FIELD OPERATIONS EXPENDITURES

$	-
$	-
$	-
$	-
$	1,200
$	-
$	1,000
$	-
$	-
$	-
$	2,200

Approximately $100/month Approximately $100/month Front Signage Cardno   Entrix   @   $200/month Pressure Cleaning, Painting, etc.
Approximatly $100/month monitoring Annual
$1,500 per month per lake

$ 58,675

TOTAL EXPENDITURES

Balance  $	-

154 Lots = $

381.01

Per Lot

Fronterra Community Development District Debt Service Fund - Series 2017 Bonds
FY 2018-2019 Proposed Budget

REVENUE (1)
Balance in Account (April 30, 2018)
Assessment Off-Roll (for November, 2018 Payment) Assessment On-Roll
Capitalized Interest Discounts
Total Revenue

$	150.64
$	72,875.00
$	185,112.62
$	-
$	-

$	258,138.26

EXPENDITURES
INTEREST EXPENSE
November 1, 2018 (From Off Roll Assessment Payment) May 1, 2019
PRINCIPAL
May 1, 2019
Total Expenditures

$	72,875.00
$	72,875.00

$	40,000.00

$	185,750.00

Carry Forward for November, 2019 Interest Payment
INTEREST EXPENSE
November 1, 2019

$	72,388.26

$	71,775.00

Total Revenue over Expenditures	$	613.26

Allocation of Maximum Annual Debt Service
Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

On Roll Assessments
Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

Off Roll Assessments
Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	0  $	1,202.03   $	-
Total	$ 185,112.62

(1) - Following the adoption fo the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to property owners as of this "date of record" and will utilize the appropriate on-roll and
off-roll collection methods to collect its assessments.assessments and related
colletion costs may vary from the adopted budgets.colletion costs may vary from the adopted budgets.

EXHIBIT 5.

FRONTERRA
COMMUNITY DEVELOPMENT DISTRICT
C/O Real Estate Econometrics, Inc. • 707 Orchid Drive, Suite 100 • Naples, FL 34102
(239) 269-1341 • rweyer@ree-i.com

June 8, 2018

Ms. Valerie Fleming Operations Coordinator Collier County Government
Office of Management and Budget 3299 Tamiarni Trail E, Ste 201
Naples, FL 34112-5746

RE:	Fronterra Community Development District - Collier County, Florida Proposed Budget - Fiscal Year 2018-2019

Dear Ms. Fleming:

In accordance with Chapter 189 and 190.008(2)(b) of the Florida Statutes, the District is required to submit to the local governing authorities having jurisdiction over the area included in the Fronterra Community Development District ("District"), for purposes of disclosure and information only, the proposed annual budget for the ensuing fiscal year.

As such, I am pleased to enclose the District's Proposed Budget for Fiscal Year 2018-2019, which was approved at a general meeting on May 17 2018. A public hearing on the final budget will be held on August 16, 2017.

If you have any questions regarding this matter, please call me at (239) 269-1341. Sincerely,

G. Russell Weyer President
Real Estate Econometrics, Inc. District Manager

Encl.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

REVENUES
ON-ROLL ASSESSMENTS DEVELOPER CONTRIBUTION INTEREST REVENUE MISCELLANEIOUSREVENUE TOTAL REVENUES

BUDGET

$   58,675

$   58,675

Current Homeowners (74 platted Homesites - All Developer owned) Developer Platted Units and Acreage

EXPENDITURES

ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL PAYROLL TAXES
PAYROLL SERVICE FEE
MANAGEMENT CONSULTING SERVICES ASSESSMENT ADMINISTRATION ASSESSMENT ROLL PREPARATION MISCELLANEOUS
STORAGE FEES BANK CHARGES AUDITING
INSURANCE (Liability, Property &Casuality) LEGAL ADVERTISING
REGULATORY AND PERMIT FEES LEGAL SERVICES
ENGINEERING SERVICES- General WEBSITE DESIGN & HOSTING MISCELLANEOUS SERVICES
TOTAL ADMINISTRATIVE EXPENDITURES

$
7.65%
$39 per Payroll
15,000	$1,250/Month
12,000	Lien Book, MBS Capital, Tax Collector, U.S. Bank Assessment Roll Preparation for Tax Collector
250	Office Supplies, etc.
900	Offsite File Storage @ $75/month

5,000	Audit required since Bonds are issued 5,250	DAO Insurance
2,400	4 Ads at $300/each and 2 Ads at $600/each
175	State Filing Fee
10,000	Hopping Green & Sams 5, 000	Johnson Engineering
500	Required by State Law

$ 56,475

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE LANDSCAPE REPLACEMENT
LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY
WATER USE MONITORING
ENTRY MONUMENTS MAINTENANCE WETLAND MONITORING
SFWMD ERP ANNUAL REPORT LAKE MA INTENANCE
TOTAL FIELDOPERATIONS EXPENDITURES

$
$
$
$
$	1,200
$
$	1,000
$
$
$
$	2,200

Approximately  $100/month Approximately $100/month Front Signage Cardno Entrix @ $200/month
Pressure Cleaning, Painting, etc. Approximatly $100/month monitoring Annual
$1,500 per month per lake

TOTAL EXPENDITURES	$ 58,675

Balance $

154 Lots= $ 381.01 Per Lot

Fronterra Community Development District Debt Service Fund - Series 2017 Bonds
FY 2018-2019 Proposed Budget

REVENUE (1)
Balance in Account (April 30, 2018)
Assessment Off-Roll (for November, 2018 Payment) Assessment On-Roll
Capitalized Interest Discounts
Total Revenue

EXPENDITURES
INTEREST EXPENSE
November 1, 2018 (From Off Roll Assessment Payment) May 1, 2019
PRINCIPAL
May 1, 2019
Total Expenditures

Carry Forward for November, 2019 Interest Payment
INTEREST EXPENSE
November 1, 2019

Total Revenue over Expenditures

$	150.64
$	72,875.00
$	185,112.62
$
$

$	258,138.26

$	72,875.00
$	72,875.00

$	40,000.00

$	185,750.00

$	72,388.26

$	71,775.00

$	613.26

Allocation of Maximum Annual Debt Service

Single Family Land Use

Net Assessment
Units	Per Unit	Total

Single Family	154  $	1,202.03 $ 185,112.62

On Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154  $	1,202.03 $ 185,112.62

Off Roll Assessments

Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	0 $

Total

1,202.03 $

$ 185,112.62

(1) - Following the adoption fo the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to property owners as of this "date of record" and will utilize the appropriate on-roll and
off -roll collection methods to collect its assessments.assessments and related
colletion costs may vary from the adopted budgets.colletion costs may vary from the adopted budgets.

EXHIBIT 6.

RESOLUTION 2018-5

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FRONTERRA COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2018/2019; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Fronterra Community Development District (“District”) is a local unit  of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements and services to the lands within the District; and

WHEREAS, the District is located in Collier County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”), the Board of Supervisors (“Board”) of the District has adopted its budgets, including its operations and maintenance budget and debt service budget (“Adopted Budget”) attached hereto as Exhibit “A” and now desires to set forth the method by which such special assessments shall be collected and enforced; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached hereto as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property, if any, (“Direct Collect Property”), all as set forth in Exhibit “B;” and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The provision of the  services,  facilities, and operations described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments as set forth in Exhibits “A” and “B.” Additionally, the Board finds and determines that the allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” continues to be fair and reasonable.

SECTION 2. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance and previously levied debt service special assessments levied on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

Direct Bill Assessments. If applicable, the operations and maintenance and previously levied debt service special assessments levied on the Direct Collect Property will be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2018; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2018, 25% due no later than February 1, 2019 and 25% due no later than May 1, 2019. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2018/2019, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 3. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 4. ASSESSMENT ROLL AMENDMENT. The District Manager shall  keep  apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 5. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 6. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 16th day of August, 2018.

ATTEST:	FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairman, Board of Supervisors

Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

BUDGET
REVENUES
ON-ROLL ASSESSMENTS	Current Homeowners (74 platted Homesites - All Developer owned)

DEVELOPER CONTRIBUTION INTEREST REVENUE MISCELLANEIOUS REVENUE TOTAL REVENUES

$ 58,675

Developer Platted Units and Acreage

$ 58,675

EXPENDITURES

ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL	$	-
PAYROLL TAXES	-	7.65%
PAYROLL SERVICE FEE		-	$39 per Payroll MANAGEMENT CONSULTING SERVICES	15,000	$1,250/Month
ASSESSMENT ADMINISTRATION	12,000	Lien Book, MBS Capital, Tax Collector, U.S. Bank
ASSESSMENT ROLL PREPARATION		-	Assessment Roll Preparation for Tax Collector MISCELLANEOUS	250	Office Supplies, etc.
STORAGE FEES	900	Offsite File Storage @ $75/month BANK CHARGES		-
AUDITING	5,000	Audit required since Bonds are issued
INSURANCE (Liability, Property & Casuality)	5,250	DAO Insurance
LEGAL ADVERTISING	2,400	4 Ads at $300/each and 2 Ads at $600/each
REGULATORY AND PERMIT FEES	175	State Filing Fee
LEGAL SERVICES	10,000	Hopping Green & Sams
ENGINEERING SERVICES - General	5,000	Johnson Engineering
WEBSITE DESIGN & HOSTING	500	Required by State Law MISCELLANEOUS SERVICES

TOTAL ADMINISTRATIVE EXPENDITURES	$ 56,475

FIELD                        OPERATIONS FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE LANDSCAPE REPLACEMENT
LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY
WATER  USE  MONITORING ENTRY MONUMENTS MAINTENANCE WETLAND   MONITORING SFWMD ERP ANNUAL REPORT
LAKE                       MAINTENANCE TOTAL FIELD OPERATIONS EXPENDITURES

$	-
$	-
$	-
$	-
$	1,200
$	-
$	1,000
$	-
$	-
$	-
$	2,200

Approximately $100/month Approximately $100/month Front Signage Cardno   Entrix   @   $200/month Pressure Cleaning, Painting, etc.
Approximatly $100/month monitoring Annual
$1,500 per month per lake

$ 58,675

TOTAL EXPENDITURES

Balance  $	-

154 Lots = $

381.01

Per Lot

Fronterra Community Development District Debt Service Fund - Series 2017 Bonds
FY 2018-2019 Proposed Budget

REVENUE (1)
Balance in Account (April 30, 2018)
Assessment Off-Roll (for November, 2018 Payment) Assessment On-Roll
Capitalized Interest Discounts
Total Revenue

$	150.64
$	72,875.00
$	185,112.62
$	-
$	-

$	258,138.26

EXPENDITURES
INTEREST EXPENSE
November 1, 2018 (From Off Roll Assessment Payment) May 1, 2019
PRINCIPAL
May 1, 2019
Total Expenditures

$	72,875.00
$	72,875.00

$	40,000.00

$	185,750.00

Carry Forward for November, 2019 Interest Payment
INTEREST EXPENSE
November 1, 2019

$	72,388.26

$	71,775.00

Total Revenue over Expenditures	$	613.26

Allocation of Maximum Annual Debt Service
Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

On Roll Assessments
Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	154 $

1,202.03

$ 185,112.62

Off Roll Assessments
Single Family Land Use	Units

Net Assessment
Per Unit	Total

Single Family	0  $	1,202.03   $	-
Total	$ 185,112.62

- Following the adoption fo the general fund and debt service budgets, the District will prepare an assessment roll based on the County Property Appraiser's final list of property owners as of a certain "date of record". The District will apportion assessments to property owners as of this "date of record" and will utilize the appropriate on-roll and
off-roll collection methods to collect its assessments.assessments and related
colletion costs may vary from the adopted budgets.colletion costs may vary from the adopted budgets.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT FY 2018-2019 ASSESSMENT ROLL

PROPERTY IDENTIFICATION NUMBER	OWNER	ADDRESS	O&M	Debt Service	Total	
34550000348	CCC FRONTERRA LLC	8721 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000364	CCC FRONTERRA LLC	8725 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000380	CCC FRONTERRA LLC	8729 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000403	CCC FRONTERRA LLC	8733 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000429	CCC FRONTERRA LLC	8737 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000445	MICHAEL J & REBECCA C MARCOTTE	8741 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000461	OAKLEY H & CANDIA D KELLER	8745 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000500	BRUNO GUERRERO	8753 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000526	CARLOS A & BARBARA B PINTO GALLEGO	8757 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000542	JORGE RAFAEL NOLASCO	8761 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000568	CESAR & ANA L HERNANDEZ	9765 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000623	BRANDON H & CHELSEA R JONES	8777 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000649	ANCELOT SIMILIEN	8781 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000487	CCC FRONTERRA LLC	8749 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000584	CCC FRONTERRA LLC	8769 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000607	CCC FRONTERRA LLC	8773 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000665	CCC FRONTERRA LLC	8785 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000681	CCC FRONTERRA LLC	8789 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000704	CCC FRONTERRA LLC	8793 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000720	CCC FRONTERRA LLC	8797 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000746	CCC FRONTERRA LLC	8801 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000762	CCC FRONTERRA LLC	8805 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000788	CCC FRONTERRA LLC	8809 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000801	CCC FRONTERRA LLC	8813 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000827	CCC FRONTERRA LLC	8817 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000843	CCC FRONTERRA LLC	8821 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000869	CCC FRONTERRA LLC	8825 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000885	CCC FRONTERRA LLC	8829 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000908	CCC FRONTERRA LLC	8833 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000924	CCC FRONTERRA LLC	8837 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000940	CCC FRONTERRA LLC	8843 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000966	CCC FRONTERRA LLC	8847 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550000982	CCC FRONTERRA LLC	8851 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001004	CCC FRONTERRA LLC	8855 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001020	CCC FRONTERRA LLC	8859 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001046	CCC FRONTERRA LLC	8863 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001062	CCC FRONTERRA LLC	8867 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001088	CCC FRONTERRA LLC	8871 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001101	CCC FRONTERRA LLC	8875 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001127	CCC FRONTERRA LLC	8879 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001143	CCC FRONTERRA LLC	8866 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001169	CCC FRONTERRA LLC	8862 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001185	CCC FRONTERRA LLC	8858 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001208	CCC FRONTERRA LLC	8854 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001224	CCC FRONTERRA LLC	8832 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001240	CCC FRONTERRA LLC	8828 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001266	CCC FRONTERRA LLC	8824 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001282	CCC FRONTERRA LLC	8820 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001305	CCC FRONTERRA LLC	8816 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001321	CCC FRONTERRA LLC	8812 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001347	CCC FRONTERRA LLC	8808 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001363	CCC FRONTERRA LLC	8804 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001389	CCC FRONTERRA LLC	8800 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001402	CCC FRONTERRA LLC	8796 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001428	CCC FRONTERRA LLC	8792 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001444	CCC FRONTERRA LLC	8788 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001460	CCC FRONTERRA LLC	8784 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001486	CCC FRONTERRA LLC	8780 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001509	CCC FRONTERRA LLC	8776 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001525	CCC FRONTERRA LLC	8772 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001541	CCC FRONTERRA LLC	8768 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001567	CCC FRONTERRA LLC	8764 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001583	CCC FRONTERRA LLC	8760 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001606	CCC FRONTERRA LLC	8756 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001622	CCC FRONTERRA LLC	8748 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001648	CCC FRONTERRA LLC	8744 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001664	CCC FRONTERRA LLC	8740 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001680	CCC FRONTERRA LLC	8736 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001703	CCC FRONTERRA LLC	8732 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001729	CCC FRONTERRA LLC	8728 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001745	CCC FRONTERRA LLC	8724 MADRID CIR	$411.90	$1,299.49	$1,711.39	
34550001761	CCC FRONTERRA LLC	8720 MADRID CIR	$411.90	$1,299.49	$1,711.39	
			$29,656.80	$93,563.28	$123,220.08	
Off Roll Assessment (82 Lots)	
CCC FRONTERRA LLC		
$33,775.80	
$106,558.18	
$140,333.98	
		
Totals:	
$63,432.60	
$200,121.46	
$263,554.06	

EXHIBIT 7.

Published Daily Naples, FL 34110

Affidavit of Publication
State of Florida
Counties of Collier and Lee
Before the undersigned they serve as the authority, personally appeared Natalie Zollar who on oath says that she serves as Inside Sales Manager of the Naples Daily News, a daily newspaper published at Naples, in Collier County, Florida; distributed in Collier and Lee counties of Florida; that the attached copy of the advertising was published in said newspaper on dates listed. Affiant further says that the said Naples Daily News is a newspaper published at Na- ples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper.

Customer	Ad Number	Copyline	P.O.#	
Fronterra Community Development District	2075557	Fronterra CDD Assess	

Pub Dates
July 26, 2018			

(Signature of affiant)

(Signature of affiant)

Sworn to and subscribed before me This July 26, 2018

Cash fired
Continued from Page 1A

Cash worked for the district for 17 years as a guidance counselor, English language learner and Spanish teacher, and migrant outreach program develop- er.
She is running against Darlene Alva- rez and board incumbent Roy Terry in District 5.
When reached for comment, Cash said she was not fired and had left the district in 2013. She said she had never received any letters of reprimand and asked whether the documents obtained by the Daily News had her signature on them.
One letter of reprimand and one teacher’s assessment noted Cash had re- fused to sign them. All

Cash said the documents might have been entered into her file for political reasons.
“This is dirty politics because I’m winning. They’re coming after me now,” she said. “It’s very interesting that none of this has come out until now, when I’m way ahead in the polling.”
When asked which poll she was refer- ring to, Cash said members from her campaign had been making phone calls and found a “general feeling” that the in- cumbent, Terry, “needs to go.” Asked again to clarify, Cash said her campaign had not found she was ahead in the polls. Cash said she was being targeted for publicly speaking out against the school district, particularly against former Su- perintendent Dennis Thompson during her 2010 run for a School Board seat; she
lost in that election to Terry.
“Why in the world would I be  getting
all those reprimands if I’m

+	NAPLESNEWS.COM ❚ THURSDAY, JULY 26, 2018 ❚ 11A

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT

NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2018/2019 BUDGET; NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS’ MEETING.
Upcoming Public Hearings, and Regular Meeting

The Board of Supervisors (“Board”) for the Fronterra Community Development District (“District”) will hold the following two public hearings and a regular meeting:
DATE:	August 16, 2018
TIME:	1:30 P.M.
LOCATION:	Barron Collier Companies 2600 Golden Gate Parkway Naples, Florida 34105
The first public hearing is being held pursuant to Chapter 190, Florida Statutes, to receive public comment and objections on the District’s proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2018 and ending September 30, 2019 (“Fiscal Year 2018/2019”). The second public hearing is being held pursuant to Chapters 170, 190 and 197, Florida Statutes, to consider the imposition of operations and maintenance special assessments (“O&M Assessments”) upon

other documents of inter- est, including two letters of reprimand and multiple meeting summaries re- garding her behavioral and performance issues, were signed by Cash.
“To my recollection, I never had anything other than outstanding (perfor- mance reviews),” she said. “I have never ever had a letter of reprimand.”
In the letters of repri- mand and performance assessments in Cash’s file, multiple supervisors de-

“I’m going to take
a chance and even if it costs me my job I am going to tell you in language you will understand if you are a D and F student, you are choosing to be
a loser.”
Mary Ellen Cash
Collier County School Board candidate in a statement

the only person who got undocumented students to go to Ivy League col- leges?” Cash said. “What was the motivation? Where’s the proof?”
Cash noted she had re- ceived a letter of recom- mendation from the school district’s director of human resources when she retired.
“I don’t understand why they would give me a letter of recommendation if I was terminated,” she said.

the lands located within the District, to fund the Proposed Budget for Fiscal Year 2018/2019;
to consider the adoption of an assessment roll; and, to provide for the levy, collection, and  enforcement of assessments. At the conclusion of the hearings, the Board will, by resolution, adopt a budget and levy O&M Assessments as finally approved by the Board. A Board meeting of the District will also be held where the Board may consider any other District business.
Description of Assessments

The District imposes O&M Assessments on benefitted property within the District for the purpose of funding the District’s general administrative, operations, and maintenance budget and providing the funds necessary to pay debt service on outstanding bonds as reflected in the District’s debt service budget. Pursuant to Section 170.07, Florida Statutes, a description of the services to be funded by the O&M Assessments, and the properties to be improved and benefitted from the O&M Assessments, are all set forth in the Proposed Budget. A geographic depiction  of the property potentially subject to the proposed O&M Assessments is identified in the map attached hereto. The table below shows the schedule of the proposed O&M Assessments, which are subject to change at the hearing:

tailed recurrent instances of Cash failing to complete tasks on time despite re- peated follow-ups and stated she changed her work schedule without ap- proval.
Staff also commented that Cash had difficulties using technology, including failing to respond to emails and denying she ever received reminders for sched- uled meetings she missed.
“Despite the many times you and I have met and discussed these situations your behavior has continued to be unac- ceptable,” wrote Maria Longa, program director for federal and state grants and Cash’s supervisor, in a September 2009 letter of reprimand.
In a second letter of reprimand, dated November 2009, Longa said Cash failed to complete assignments despite several extensions. Longa also cited multiple ex- amples of “poor professional judge- ment,” including instances when Cash allegedly failed to follow the chain of command, sent 40 emails to Longa in one week and provided conflicting state- ments as to why she could not complete certain tasks.

“Inordinate amount of Super- visors’ time has been taken up providing guidance over and over to Ms. Cash,” Longa wrote. “In- subordination and failure to fol- low reasonable requests.”
The letter, signed by Cash, rec-

But a letter dated Jan. 23, 2012, from Collier Superintendent Kamela Patton informed Cash of her termination, and court documents show Cash filed a suit weeks later against the Collier School Board to challenge the decision.
A settlement was reached in Novem- ber 2012. As part of the agreement, the district was required to write Cash a let- ter of recommendation “reflecting her years of service and the multiple duties and responsibilities undertaken while serving as a District employee.”
The settlement also required the dis- trict to pay Cash $42,445 to cover her salary from Feb. 9 to Oct. 20, 2012, and prohibited Cash from ever again seeking employment with the district.
The Daily News asked Cash how she could be unaware of her termination and the reason for the letter of recommenda- tion considering the existence of the lawsuit and settlement.
“I think I need to talk to the superin- tendent about this,” Cash said. “I don’t know how you got all these documents.” Cash declined to answer more ques-
tions.
“I think I’m going to cease talk- ing to you right now,” she said. “I think this is very unusual. I need to see what they’ve given you and why.”
Concerns over Cash’s behavior while employed at the school dis-

Land Use	
Total # of Units / Acres	
ERU
Factor	Proposed Annual O&M Assessment (including collection costs / early payment discounts)	
Single Family	72	1	$411.90	
Undeveloped (Unplatted) Land	82 (9.48 Acres)	1	$31,242.53	

The proposed O&M Assessments as stated include collection costs and/or early payment discounts, which Collier County (“County”) may  impose on assessments that are collected    on the County tax bill. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for O&M Assessments, such that no assessment hearing shall be held or notice provided in future years unless the assessments are proposed to be increased or another criterion within Section 197.3632(4), Florida Statutes, is met. Note that the O&M Assessments do not include any debt service assessments previously levied by the District and due to be collected for Fiscal Year 2018/2019.
For Fiscal Year 2018/2019, the District intends to have the County tax collector collect the assessments imposed on certain developed property, and will directly collect the assessments imposed on the remaining benefitted property (“Undeveloped Land”) by sending out a bill prior to, or during, November 2018. It is important to pay your assessment because failure to pay will cause a tax certificate to be issued against the property which may result in loss of title, or for direct billed assessments, may result in a foreclosure action, which also may result in a loss of title. The District’s decision to collect assessments on the tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.
Additional Provisions
The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Proposed Budget, proposed assessment roll, and the agenda for the hearings and meeting may be obtained at the offices of the District Manager, located at Real Estate Econometrics, Inc., 707 Orchid Drive, Suite 100, Naples, Florida 34102, Ph: (239) 269-1341 (“District Manager’s Office”), during normal business hours. The public hearings and meeting may be continued to a date, time, and place to be specified on the record at the hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.

ommended she be suspended for
one day without pay.
In a June 2010 teacher assess- ment, Longa again repeated such concerns, saying Cash had “fre- quent confusion” as to what her job duties entailed, resulting in “many hours” spent with Cash breaking down her responsibil- ities into manageable tasks.

Alvarez

Terry

trict date to 2000, when she was
cited for going through the emails of another teacher and using in- appropriate language while speaking to students, according to a letter of reprimand from for- mer Immokalee Middle School Principal Manny Touron.
Cash had been urging an un- ruly class to appreciate the oppor-

Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager’s Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.
Please note that all affected property owners have the right to appear at the public hearings and meeting and may also file written objections with the District Manager’s Office within twenty days of publication of this notice. Each person who decides to appeal any decision made by the

“Despite these efforts there con-
tinued to be confusion and many tasks did not get accomplished,” Longa wrote. “On several occasions inappropriate communications occurred.”
Longa’s concerns were echoed by the migrant coordinator, who was not named in the document:
“She can be impulsive and does not always take a practical approach in plan- ning and prioritizing,” the coordinator wrote. “She strives to advocate on behalf of students and parents to help students succeed, but her approach in working with other professionals and adminis- trator can be interpreted as pushy.”
Calusa Park Elementary Principal Terrie Mitev attempted to address Cash’s performance and the frustration it had caused among school staff at a January 2011 meeting. According to a conference summary, Cash denied receiving notifi- cations about her expected attendance at meetings, which Mitev said was “in- valid” and provided documentation for those notifications.
“As we tried to discuss our concerns, your defensiveness interfered with maintaining a productive meeting,” Mi- tev wrote.
In another meeting weeks later, Vine- yards Elementary Principal Mary Smith expressed similar concerns regarding Cash’s performance, including her deci- sion to leave campus for two hours with- out approval and her failure to complete assignments.

tunity the students had to go to school
when she referred to a town in the Do- minican Republic where “bastard chil- dren” who are not recognized by their fa- thers are “doomed to a life of poverty and ignorance,” according to a summary of the speech, written by Cash.
“I’m going to take a chance and even if it costs me my job I am going to tell you in language you will understand if you are a D and F student, you are choosing to be a loser,” Cash told the class, according to her summary.
Cash attached the summary of her speech to a rebuttal letter she sent to Touron. The letter also addressed the al- legations about the emails.
Cash was supervising another teach- er’s class when she noticed the subject “doors” on the absent teacher’s monitor, Cash wrote.
“Since the Braves team has been con- ducting ‘lock outs’ I checked the mes- sage, assuming that it would tell me what periods were being locked out,” Cash wrote. “I did not feel that checking the e-mail would be an issue since we have been instructed in staff meetings that the Privacy Act does not govern e- mail and there is no expectation of priva- cy.”
School Board seats are nonpartisan and will be voted on countywide in the Aug. 28 primary. Winners must receive at least 50 percent of the vote; other- wise, the top two finishers will advance to the Nov. 6 general election.

Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
District Manager

July 26, 2018	ND-2075557

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u1 me puo11c nearmgs is to receive public comment and objections on the Fiscal Year 2018 Proposed Final Bud et, to consider   the   adoption of an assessment roll, the imposition of non-ad valorem special assessments to fund ttie proi;,osed budget upon the lands  located   within the District, and to provide for the levy, collection and enforcement of the non-ad valorem special assessments.
The public fiearing is being conducted pursuant to Chapter,s 190 and 197,, Florida Statutes.  The  purpose   of the regular meeting is to conduct any business which may properly come before the Board.
The District may also fund var-ious facilities through the collection of certain rates, fees and char es, whieh are identified within the District's Budget. AcopyoftheProposed Final Budget, preliminary assessment roll and/or the agenda for the hearing/ meetfng may be obtained at the offices of the 505 Whiskey Creek Drive, Mamo Island, FL 34145, telephone (239) 394· 4346 during normal business hours. In accordance witti Section 189.016, F-lorida Statutes, the proposed Budget will be posted on the District's website tittp://www. keymarcocdd.com at least

Reach locals

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3:00 p.m. local time. A Non- o	re-bid meetm IS

or Au	at

No.2086955

Collier County hereby advertises on August 9, 2018 Bid #18-7457 for the construction of Eagle Lakes Artificral Park Turf Conversion in Collier County, Fiorica, for sealed bids to be received no later than September 13, 2018

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two days before the public budget hearing.
The Board will also consider any other business, which may properly come before it. The meeting may be  continuecl to a date, time, and place to be specified on the record at the meeting. The meeting is open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts.

There may be occasions when one or more Supervisors will particii;,ate by   telephone. At the above location, there will be present a speaker telephone so that any interested person can attend the meeting at the above location and be fully informed of the discussions taking place either in person or by telephone communication.
Any person requiring special ae-commodations at this meetin!} because of a disability or physical impairment should contact the District Office at
(239) 394-4346 at least five calendar- days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at (800) 955-8770 for aid in contacting the District Office at least two (2) days prior to the date oHhe hearing and meeting.

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TOCONSIDER THE ADOPTION OF THE FISCAL YEAR 2018/2019 BUDGETS; AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING.

The Board of Supervisors ("Board") of the Fronterra Community Development District ("District") will hold a public hearing on August 16, 2018 at 1:30 p.m. at the  offices  of Barron Collier Companies located at 2600 Golden Gate Parkway, Naples, Florida 34105 for the purpose of hearing comments and obJections on the adoption of the proposed 6udgets ("Proposed Budget") of the District for the fiscal year beginning October 1, 2018 and ending September 30, 2019 ("Fiscal Year 2018/2019"). A regular Board meeting of the District  will  also  be  held  at that time where the Board may consicler any other  business that may properly come before it. A copy of the agencfa and Proposed B get may be obtained at the offices of the District Manager! Real Estate Econometrics, Inc., 707 Orchid Drive, Suite 100, Nap es, Florida 34102, (239) 269-1341 ("District Manager's Office"), during normal business hours.

The public hearing and meeting are open to the public and wiU be conducted in accordance with the provisions of Florida law. The public hearing and meeting may be continued to a date, time, and place to be specified on the record at the meeting. There may be occasions wheh Board Supervisors or District Staff may participate by speaker telephone.
Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-eight
hours prior to tl)e meeting. If you are hearing or speech impaired, p(ease contact the Florida Relay service by dialing 7-1·1, or 1·800-955-8771(TTY)/ 1-800-955-8770 (Voice), for aid in contacting the Distr-ict Manager's Office.

....

Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised  that person  will need a  record  of proceedings  and  that  accordingly  the  person  may  need to ensure that a verbatim r-ecord of the proceedings is made, including the testimony and evidence upon  whicfi such appeal is to be based.

Each person who decides to
appeal   any  decision  made	August 1 & 9, 2018

District Manager

No.2076578

\

EXHIBIT 8.

STATE OF FLORIDA	)
)
COUNTY OF Collier	)

AFFIDAVIT OF MAILING

BEFORE ME, the undersigned authority, this day personally appeared G. Russell Weyer, who by me first being duly sworn and deposed says:

I, G. Russell Weyer, for Real Estate Econometrics, Inc., the District Manager of the Fronterra Community Development District, do hereby certify that on July 16, 2018, I caused a letter to be mailed to non-corporate property owners of the Hacienda Lakes Community Development District notifying them that a Public Hearing and a meeting of the Board of Directors would be held at 9:00 a.m. on August 16, 2018 at the at the offices of Barron Collier Companies located at 2600 Golden Gate Parkway, Naples, Florida 34105. I further certify that the form of the letter and list of members and their addresses is attached.
FURTHER AFFIANT SAYETH NOT.
Executed this Cf r:+1 day of August, 2018.

SWORN TO and SUBSCRIBED before me by the Affiant, on this	day of August, 2018.
Notary Public State of Florida

TERRITAWORSKJ
NotaryPublic, State of Florida Commisison# FF237241
Mv 88111m, e res ll!lly11, 11919

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Name

Personally Known \/. or
Type of identification produced _ _

_ _ _

_ _ _

TIDS IS NOT A BILL- DO NOT PAY

July 16, 2018

VIA FIRST CLASS MAIL

Mr. Mike Levak CCC Fronterra LLC
2020 Salzedo Street, Suite 200 Coral Gables, FL 33134

RE:	Fronterra Community Development District
Fiscal Year 2018/2019 Budget and O&M Assessments Dear Property Owner:
Pursuant to Chapters 190, 197, and 170, Florida Statutes, the Fronterra Community Development District ("District") will be holding two public hearings and a Board of Supervisors' ("Board") meeting for the purpose of adopting the District's proposed budget ("Proposed Budget") for the fiscal year beginning October l, 2018 and ending September 30, 2019 ("Fiscal Year 2018/2019") and levying operations and maintenance assessments ("O&M Assessments") to fund the Proposed Budget for Fiscal Year 2018/2019, on August 16, 2018, at 1:30 p.m. , at the offices of Barron Collier Companies located at 2600 Golden Gate Parkway, Naples, Florida 34105. The District is a special purpose unit of local government established under Chapter 190, Florida Statutes, for the purposes of providing infrastructure and services to your community. The proposed O&M Assessment information for your property is set forth in Exhibit A and the list of on-roll assessed properties is set forth in Exhibit B.

The public hearings and meeting are open to the public and will be conducted in accordance with Florida law. A copy of the Proposed Budget and assessment roll, and the agenda, for the hearings and meeting may be obtained by contacting Real Estate Econometrics, Inc., 707 Orchid Drive, Suite 100, Naples, Florida 34102, Ph:
(239) 269-1341 ("District Manager's Office"). The public hearings and meeting may be continued to a date, time, and place to be specified on the record. There may be occasions when staff or board members may participate by speaker telephone. Any person requiring special accommodations because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1- 800-955-8771 (TTY) I 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office.

Please note that all affected property owners have the right to appear and comment at the public hearings and meeting, and may also file written objections with the District Manager's Office within twenty (20) days of issuance of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person wi11 need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

lfyou have any questions, please do not hesitate to contact the District Manager's Office.

Sincerely,

eyer District Manager

Summary of O&M Assessments

Proposed Budget/ Total Revenue. For all O&M Assessments levied to fund the Proposed Budget for Fiscal Year 2018/2019, the District expects to collect no more than $58,675 in gross revenue.

Unit of Measurement. The O&M Assessments are allocated on a per acre basis for undeveloped property and on an Equivalent Residential Unit ("ERU'') basis for platted lots. Your property is classified as ONE (1) ERU

Schedule ofO&M Assessments:

Land Use	Total #of Units / Acres	
ERUFactor	Proposed Annual O&M Assessment (including collection costs/ earlyJ)_ayoient discounts)	
Single Family	72	I	$411.90	
Undeveloped (Unplatted) Land	82 (9.48 Acres)	1	$31,242.53	

Note that the O&M Assessments do not includeany debt service assessments previously levied by the District and due to be collected for Fiscal Year 2018/2019. Moreover, pursuantto Section 197.3632(4), Florida Statutes, the lien amount shall serve as the "maximum rate" authorized by law for operation and maintenance assessments, such that no assessment hearing shall be held or notice provided in future years unless the assessments are proposed to be increased or another criterion within Section 197.3632(4) is met.

Proposed O&M Assessments for Your Property.

Current Annual Net O&M Assessment (October 1, 2017 - September 30, 2018)	Proposed AnnuaJ Net O&M Assessment (October 1, 2018 - September 30, 2019)	Change in Annual Dollar Amount	
$500.81	$381.01	-$119.81	

Collection. By operation of law, the District's assessments each year constitute a lien against benefitted property located within the District just as do each year's property taxes. For Fiscal Year 2018/2019, the District intends to have the County Tax Collector collect the assessments imposed on certain developed property, and will directly collect the assessments imposed on the remaining benefitted property by sending out a bill prior to, or during, November 2018. For delinquent assessments that were initially directly billed by the District, the District may initiate a foreclosure action or may place the delinquent assessments on the next year's county tax bill. IT IS IMPORTANT TO PAY YOUR ASSESSMENT BECAUSE FAILURE TO PAY WILL CAUSE A TAX CERTIFICATE TO BE ISSUED AGAINST THE PROPERTY WHICH MAY RESULT IN LOSS OF TITLE, OR FOR DIRECT BILLED ASSESSMENTS, MAY RESULT IN A FORECLOSURE ACTION, WHICH ALSO MAY RESULT IN A LOSS OF TITLE. The District's decision to collect assessments on the tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.

List of On Roll Properties to be Assessed along with the vacant unplatted land assessment in Exhibit A.

PROPERTY IDENTIFICATION NUMBER	OWNER	ADDRESS	ERU	
34550000348	CCC FRONTERRA LLC	8721MADRID CIR	1	
34550000364	CCC FRONTERRA LLC	8725 MADRID CIR	1	
34550000380	CCC FRONTERRA LLC	8729 MADRID CIR	1	
34550000403	CCC FRONTERRA LLC	8733 MADRID CIR	1	
34550000429	CCC FRONTERRA LLC	8737 MADRID CIR	1	
34550000487	CCC FRONTERRA LLC	8749 MADRID CIR	1	
34550000584	CCC FRONTERRA LLC	8769 MADRID CIR	1	
34550000607	CCC FRONTERRA LLC	8773 MADRID CIR	1	
34550000665	CCC FRONTERRA LLC	8785 MADRID CIR	1	
34550000681	CCC FRONTERRA LLC	8789 MADRID CIR	1	
34550000704	CCC FRONTERRA LLC	8793 MADRID CIR	1	
34550000720	CCC FRONTERRA LLC	8797 MADRID CIR	1	
34550000746	CCC FRONTERRA LLC	8801MADRID CIR	1	
34550000762	CCC FRONTERRA LLC	8805 MADRID CIR	1	
34550000788	CCC FRONTERRA LLC	8809 MADRID CIR	1	
34550000801	CCC FRONTERRA LLC	8813 MADRID CIR	1	
34550000827	CCC FRONTERRA LLC	8817 MADRID CIR	1	
34550000843	CCC FRONTERRA LLC	8821MADRID CIR	1	
34550000869	CCC FRONTERRA LLC	8825 MADRID CIR	1	
34550000885	CCC FRONTERRA LLC	8829 MADRID CIR	1	
34550000908	CCC FRONTERRA LLC	8833 MADRID CIR	1	
34550000924	CCC FRONTERRA LLC	8837 MADRID CIR	1	
34550000940	CCC FRONTERRA LLC	8843 MADRID CIR	1	
34550000966	CCC FRONTERRA LLC	8847 MADRID CIR	1	
34550000982	CCC FRONTERRA LLC	8851MADRID CIR	1	
34550001004	CCC FRONTERRA LLC	8855 MADRID CIR	1	
34550001020	CCC FRONTERRA LLC	8859 MADRID CIR	1	
34550001046	CCC FRONTERRA LLC	8863 MADRID CIR	1	
34550001062	CCC FRONTERRA LLC	8867 MADRID CIR	1	
34550001088	CCC FRONTERRA LLC	8871MADRID CIR	1	
34550001101	CCC FRONTERRA LLC	8875 MADRID CIR	1	
34550001127	CCC FRONTERRA LLC	8879 MADRID CIR	1	
34550001143	CCC FRONTERRA LLC	8866 MADRID CIR	1	
34550001169	CCC FRONTERRA LLC	8862 MADRID CIR	1	
34550001185	CCC FRONTERRA LLC	8858 MADRID CIR	1	
34550001208	CCC FRONTERRA LLC	8854 MADRID CIR	1	
34550001224	CCC FRONTERRA LLC	8832 MADRID CIR	1	

PROPERTY IDENTIFICATION NUMBER	OWNER	ADDRESS	ERU	
34550001240	CCC FRONTERRA LLC	8828 MADRID CIR	1	
34550001266	CCC FRONTERRA LLC	8824 MADRID CIR	1	
34550001282	CCC FRONTERRA LLC	8820 MADRID CIR	1	
34550001305	CCC FRONTERRA LLC	8816 MADRID CIR	1	
34550001321	CCC FRONTERRA LLC	8812 MADRID CIR	1	
34550001347	CCC FRONTERRA LLC	8808 MADRID CIR	1	
34550001363	CCC FRONTERRA LLC	8804 MADRID CIR	1	
34550001389	CCC FRONTERRA LLC	8800 MADRID CIR	1	
34550001402	CCC FRONTERRA LLC	8796 MADRID CIR	1	
34550001428	CCC FRONTERRA LLC	8792 MADRID CIR	1	
34550001444	CCC FRONTERRA LLC	8788 MADRID CIR	1	
34550001460	CCC FRONTERRA LLC	8784 MADRID CIR	1	
34550001486	CCC FRONTERRA LLC	8780 MADRID CIR	1	
34550001509	CCC FRONTERRA LLC	8776 MADRID CIR	1	
34550001525	CCC FRONTERRA LLC	8772 MADRID CIR	1	
34550001541	CCC FRONTERRA LLC	8768 MADRID CIR	1	
34550001567	CCC FRONTERRA LLC	8764 MADRID CIR	1	
34550001583	CCC FRONTERRA LLC	8760 MADRID CIR	1	
34550001606	CCC FRONTERRA LLC	8756 MADRID CIR	1	
34550001622	CCC FRONTERRA LLC	8748 MADRID CIR	1	
34550001648	CCC FRONTERRA LLC	8744 MADRID CIR	1	
34550001664	CCC FRONTERRA LLC	8740 MADRID CIR	1	
34550001680	CCC FRONTERRA LLC	8736 MADRID CIR	1	
34550001703	CCC FRONTERRA LLC	8732 MADRID CIR	1	
34550001729	CCC FRONTERRA LLC	8728 MADRID CIR	1	
34550001745	CCC FRONTERRA LLC	8724 MADRID CIR	1	
34550001761	CCC FRONTERRA LLC	8720 MADRID CIR	1	

NAME	ADDRESS	CllY	STATE	ZIP	PIN	
MICHAEL J & REBECCA C MARCOTTE	8741MADRID CIRCLE	NAPLES	FL	34104	34550000445	
OAKLEY H & CANDIA D KELLER	8745 MADRID CIRCLE	NAPLES	FL	34104	34550000461	
BRUNO GUERRERO	8753 MADRID CIRCLE	NAPLES	FL	34104	34550000500	
CARLOS A & BARBARA B PINTO GALLEGO	8757 MADRID CIRCLE	NAPLES	FL	34104	34550000526	
JORGE RAFAEL NOLASCO	8761MADRID CIRCLE	NAPLES	FL	34104	34550000542	
CESAR & ANAL HERNANDEZ	9765 MADRID CIRCLE	NAPLES	FL	34104	34550000568	
BRANDON H & CHELSEA R JONES	8777 MADRID CIRCLE	NAPLES	FL	34104	34550000623	
ANCELOT SIMILIEN	8781MADRID CIRCLE	NAPLES	FL	34104	34550000649	

EXHIBIT 9.

Cash Flow
October 2017 through July 2018

Oct '17 - Jul 18
Income
1361001 · Interest Revenue	23.63
1363116 · Off Roll Assessments	53,904.12
2351004 · DS2017 Miscellaneous Revenue	15,384.75
2363116 · DS2017 Assessment Off Roll		0.00 Total Income	69,312.50
Gross Profit	69,312.50
Expense
1100000 · Administrative
1512100 · Management Consulting Services	20,055.65	
1513014 · Website Hosting & Management	407.76	
1513048 · District Filing Fee	175.00	
1513055 · Legal Advertising	857.50	
1513060 · Assessment Administration Servi	5,000.00	
1513070 · Auditing Services	3,200.00	
1513080 · Engineering Services	14,855.00	
1514010 · Legal Services	6,985.12	
Total 1100000 · Administrative	51,536.03	
2513315 · DS2017 Trustee Fees	3,708.75	
Total Expense	55,244.78	
Net Income	14,067.72

Balance Sheet
As of July 31, 2018

Jul 31, 18
ASSETS
Current Assets
Checking/Savings		
1101000 · 1Cash	4,812.66	
1101001 · 2Commercial O&M Pre-Payment	16,441.01	
2151002 · Cap. Int. Trust Fund-Series2017	74,096.56	
2151004 · Reserve Trust Fund-Series 2017	46,278.13	
2151006 · Cost of Issuance -Series 2017	26,870.00	
8151030 · Construction Trust Fund	1,988,499.97	
Total Checking/Savings	2,156,998.33	
Total Current Assets	2,156,998.33
TOTAL ASSETS	2,156,998.33

LIABILITIES & EQUITY
Equity
32000 · Retained Earnings	2,142,930.61	
Net Income	14,067.72	
Total Equity	2,156,998.33	
TOTAL LIABILITIES & EQUITY	2,156,998.33

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT O&M GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE PERIOD ENDING JULY 31, 2018

YTD VARIANCE
APPROVED	ACTUAL	FAVORABLE
BUDGET	YEAR-TO-DATE	(UNFAVORABLE)
REVENUES
ON-ROLL ASSESSMENTS		
OFF-ROLL ASSESSMENTS		$	77,125		$	37,487		$	39,638	
INTEREST REVENUE				$	24			
MISCELLANEIOUS REVENUE				$	15,385			
TOTAL REVENUES		$	77,125		$	52,895		$	39,638	

EXPENDITURES							
ADMINISTRATIVE             BOARD OF SUPERVISORS PAYROLL PAYROLL            TAXES PAYROLL SERVICE FEE
MANAGEMENT CONSULTING SERVICES		

24,000		

22,000		

$	2,000	
ASSESSMENT ADMINISTRATION		8,500		8,709		$	(209)	
ASSESSMENT ROLL PREPARATION		2,500					
OFFICE EXPENSE		250		56		194	
STORAGE FEES
BANK CHARGES		900
-		
-		
$	-	
AUDITING		5,000		3,200		$	1,800	
INSURANCE (Liability, Property & Casuality)		5,000		-		$	5,000	
LEGAL ADVERTISING		3,600		858		$	2,743	
REGULATORY AND PERMIT FEES		175		175		$	-	
LEGAL SERVICES		20,000		8,548		$	11,452	
ENGINEERING SERVICES - General		7,500		15,105		$	(7,605)	
WEBSITE DESIGN & HOSTING
MISCELLANEOUS SERVICES		2,500		408		$	2,092	
TOTAL ADMINISTRATIVE EXPENDITURES		$	79,925		$	59,058		$	17,467	

FIELD                          OPERATIONS FIELD OPERATIONS MANAGEMENT STAFF LANDSCAPING & FIELD MAINTENANCE		

$	-		

$	-		

$	-	
LANDSCAPE REPLACEMENT LANDSCAPE MULCHING IRRIGATION REPAIRS ELECTRICITY         WATER USE MONITORING
ENTRY MONUMENTS MAINTENANCE WETLAND    MONITORING SFWMD ERP ANNUAL REPORT LAKE TESTING
CULVERTS  CLEANING
LAKE  MAINTENANCE		$	-
$	-
$	-
$	1,200

$	1,000
$	-
$	-
$	-
$	-
$	-		$	-
$	-
$	-
$	-

$	-
$	-
$	-		$	-
$	-
$	-
$	1,200

$	1,000
$	-
$	-

$	-	
TOTAL FIELD OPERATIONS EXPENDITURES		$	2,200		$	-		$	2,200	
							
TOTAL EXPENDITURES		$	82,125		$	59,058		$	19,667	
	
Balance	
$	(5,000)		
$	(6,162)		
$	(6,162)	
CARRY OVER BALANCE 9/30/17				$	10,973.95			
Checking Account Balance 7/31/18				$	4,811.78			

08/01/18

Reconciliation Summary
1101000 · 1Cash, Period Ending 07/31/2018

Beginning Balance Cleared Transactions
Checks and Payments • 4 Items Total Cleared Transactions
Cleared Balance
Uncleared Transactions
Checks and Payments - 2 items Total Uncleared Transactions
Register Balance as of 07/31/2018 Ending Balance

Jul31,18

15,367.48

-8,425.37
-8,425.37

6,942.11 ,,

-2,129.45

-2,129.45

4,812.66

4,812.66

08/01/18

Reconciliation Detail
1101000 · 1Cash, Period Ending 07/31/2018

Type	Date	Num	Name	Cir	Amount	Balance

Beginning Balance Cleared Transactions
Checks and Payments - 4 items

15,367.48

Bill Pmt-Check	06/29/2018	1070	Real Estate Econo...	X	-2,000.00	-2,000.00	
Bill Pmt -Check	06/29/2018	1069	Johnson Engineerin...	X	-1,250.00	-3,250.00	
Bill Pmt-Check	07/17/2018	1071	Grau & Associates	X	-3,200.00	-6,450.00	
Bill Pmt-Check	07/17/2018	1072	Hopping Green & S...	X	-1,975.37	-8,425.37	

Total Checks and Payments Total Cleared Transactions
Cleared Balance
Uncleared Transactions
Checks and Payments - 2 items

-8,425.37	-8,425.37

-8,425.37	-8,425.37

-8,425.37	6,942.11 /

Bill Pmt -Check	07/31/2018	1074	Real Estate Econo...	-2,004.45		-2,004.45	
Bill Pmt -Check	07/31/2018	1073	Johnson Engineerin...	-125.00		-2,129.45	
Total Checks and Payments			-2,129.45		-2,129.45	

Total Uncleared Transactions			
-2,129.45		
-2,129.45	

Register Balance as of 07/31/2018			
-10,554.82		
4,812.66	
Ending Balance			-10,554.82		4,812.66	

1

First Florida Integrity Bank

I I I
I

Date	7/31/18	Page	1

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT 707 ORCHID DR STE 100
NAPLES FL 34102

:HECKING ACCOUNTS

.oo

6, 942 . ll \i"'

.00

10,896.63
10,896.63

30

15,367.48	Days in the Statement Period
.00	Average Ledger
8,425.37	Average Collected

XXXXXXX4564	Statement Dates	7/02/18 thru	7/31/18

4

Number of Enclosures

PUBLIC COMMERCIAL CHECKING
Accounts Beginning Balance
Deposits/Credits
4 Checks/Debits Service Charge Interest Paid Ending Balance

Date	Check#	Amount	Date	Check#	Amount	
7/05	1069
7/02	1070
* Denotes missing check numbers	1,250.00
2,000.00	7/20
7/31	1071
1072	3,200.00
1,975.37	

Date	Balance	Date	Balance	
7/02
7/05	13,367.48
12,ll7.48	7/20
7/31	8,917.48
6,942.ll	

END OF STATEMENT

'I

Seq 1 JZ
--. Otp: 001613
O;al e: 07 / 0 3/ 1 8

r
I  i
'i
C

lnclearing Check	1069 Date: 07/05 Amount: $1,250.00

1_.0.7...0....
"'2W2010

lnclearing Check

1()69 Date: 07/05 Amount $1,250 .00

RNI EalM• E a
TwoT,_..,.., andOOf1

,na

$ ooo.oa

'-seq: 128
B•tc h: 210295
O311!.l 06/29/ 18

.......,..(!)

......

Reall:NteE Inc..
701'0fcNd D,Mt,5'M 100
Naplol, FL 34102

ltw 179

I I I

lnclearlng Check	1070 Date: 07/02 Amount: $2,000.00

--==- -

1071

_-..-.

7117n019

--s, Cl-au&.

1

TlV'IMIThowwldTwoHundradand00,1•00-------------------

-

i

951 Yairnn:t R .

Boca FtaJtl. Fl.33431

·-

$ '""3.200.00

280

_111
I
..  JJ

lncfearingChed(

1070 Dale: 07/02 Amount $2,000.00_

•··- - 7

1rf-jf---
l

. }
I

lncleanng Check	1071    Date: 07/20    Amoun:) $3,200.00	.  rn.c1. .errsn._g_c   h   eck_1_0_1    Date: 07120    Amount: $3,200.00	 	

FflONT'DftACOM-.,HtTY
Oltv& MaNTOIS11t1CT

.:::;

1072

I

701'QftCHDD ••oo
NN'\..111,P't. IMtQI

HopplngO.,,..,,&&ama

7117120,.
1
j

f _,

ON ,..,.HllndNd Md371100•---- ----------

Hop9""QG,. ,,&Sams

""""""t!J

11sa. Monroe &cn1et. St1t.:,oo
P.,O BoxM.29
T....,_... , FL3U1<4.
1!..-------..

Bit: 101274'

ii	.... ),	/1	'

o·o  .o•...•..•..-•.:.o.o..•-. •.,3==•=•= o• ="s'q="=''...,...,-	,-- - -	llI I ,
lnclaaring Check	1072    Date : 07/3 1   Amount: $1,975.37	lnclearingCheck	1072 Date: 07/31 Amount: $1.975 .37

(J

7:50 PM

Fronterra  Community Development District	I

1101001 · 2Commercial O&M Pre-Payment, Period Ending 07/31/2018

08101118

Reconciliation Summary	I

Beginning Balance Cleared Transactions
Deposits and Credits - 1 Item Total Cleared Transactions
Cleared Balance
Register Balance as of 0713112018 Ending Balance

Jul31,18

16,437.52

3.49

3.49 ,,,,.

16,441 .01 ,'
16 ,441 . 01
16 ,441 .0 1

7:50 PM

08/01/18

Fronterra Community Development District
Reconciliation Detail
1101001 · 2Commercial O&M Pre-Payment, Period Ending 07/31/2018

Type	Date	Num	Name	Ctr Beginning Balance
Cleared Transactions
Deposits and Credits - 1 item

Amount	Balance

16.437.52

Deposit	07/31/2018	X		3.49		3.49	
Total Deposits and Credits			3.49		3.49	

Total Cleared Transactions			3.49		
3.49	

Cleared Balance			
3.49		
16,441.01	

Register Balance as of 07/31/2018			
3.49		
16,441.01	
Ending Balance			3.49		
16,441.01	

. First Florida
Integrity Bank

I I I

Date 7/31/18	Page	1

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT PREPAID COMMERCIAL O&M
707 ORCHID DR STE 100
NAPLES FL 34102

CHECKING ACCOUNTS

3.38
0.25%
23.63

16,437.52
16,437.52

.00	Interest Earned

3.49	Annual Percentage Yield Earned 16,441.01'	2018 Interest Paid

30

Average Ledger

.00	Average Collected

.00

16,437.52	Days in the Statement Period

XXXXXXX5660	Statement Dates	7/02/18 thru	7/31/18

0

Number of Enclosures

PUBLIC FUNDS MONEY MARKET
Accounts Beginning Balance
Deposits/Credits Checks/Debits
Service Charge Interest Paid Ending Balance

Interest Deposit

    .,,,,.. -

16 ,437.52

7 /31

16,441.01

END OF STATEMENT

DFTDDTADAFFTTAFDDDATTAADADTFTDFFAFATTDFDFDAADAATAFFTDAATTFFADTTAT
000001082 03  SP	000638885912849 P

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any questions regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MARIE MORTENSON-MACK
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortensonmack@usbank.com

Analyst:
PHUONG DO
Phone 651-466-6211

MARKET VALUE SUMMARY

Current Period
 	07/01/18 to 07/31/18	

Beginning Market Value	$314.86	
Contributions	53.82	
Adjusted Market Value	$368.68	
Investment Results
Interest, Dividends and Other Income	

0.36	
Total Investment Results	$0.36	
		
Ending Market Value	$369.04	

10101010101010101010
10111110011110011011
10100100001110010010
10010011110100010101
10101110111001011110
10000101010001011101
10010010000100011000
10010111100011000011
11000100001100000000
11001010001011101101
10000000111100000000
10111001101011110011
10000010111111111000
10100111011001111111
10001011000011100100
10010100111010000001
10111100101011101110
11010001011001101101

369.040	First American Government	369.04	369.04	100.0	5.52	
	Oblig Fd Cl Y	1.0000	1.00	1.50		
	#3763					
	31846V203					
Total Cash Equivalents	$369.04	$369.04	100.0	$5.52	
Total Assets	
$369.04	
$369.04	
100.0	
$5.52	

ASSET DETAIL AS OF 07/31/18

Shares or Face Amount

Security Description

Market Value/
Price

Tax Cost/ Unit Cost

% of Total
Yield at Market Est Ann Inc

Cash Equivalents

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2018	$.00	$.00	$.00	
Taxable Interest	0.36		0.36	
Cash Receipts		53.82	53.82	
Transfers	- 0.36	0.36		
Net Money Market Activity		- 54.18	- 54.18	
Ending Cash Balance as of 07/31/2018	$0.00	$0.00	$0.00	

10101010101010101010
10111110011100010011
10100100001110110010
10010011110100000101
10101110101001000110
10000100110000111001
10010010000100110100
10010111100011110101
11000100001001010010
11001010001101101101
10000000111011111000
10111001100010101011
10000011011001101100
10100100011001101111
10001000000001101100
10010100000000100101
10101000111101101000
11000011111110111101

TRANSACTION DETAIL

Date Posted	Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 07/01/2018	$.00	$.00	$314.86	
07/02/18	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 6/1/18 To 6/30/18 31846V203	0.36			
07/03/18	Cash Disbursement Transfer To Principal
I To P Per 1ST Sup Ti Sec 408(G)	- 0.36			
07/03/18	Cash Receipt Transfer From Income
I To P Per 1ST Sup Ti Sec 408(G)		0.36		
07/03/18	Cash Receipt
Transfer From Another Trust Paid From Account # 275143004
Int Earnings To Rev Act Per Supl Ind 408(G)(I)		53.79		
07/03/18	Cash Receipt
Transfer From Another Trust Paid From Account # 275143007
Prepmt Acct Earnings To Revenue Acct		0.03		
07/03/18	Purchased 54.18 Units Of First Am Govt Ob Fd Cl Y Trade Date 7/3/18 31846V203		- 54.18	54.18	
	Ending Balance 07/31/2018	$0.00	$0.00	$369.04	

10101010101010101010
10111110011010010011
10100100001110110010
10010011110100010101
10101110011001001010
10000100010000110001
10010010000100100100
10010111100001011001
11000100001100100000
11001010001100000101
10000000110000100000
10111001001010000011
10000011111111111000
10100010011011100011
10001001010000101000
10000100000101100101
10100011111100111100
11011101111010100101

DFTDDTADAFFTTAFDDDATTAADADTFTDFFAFATTDFDFDAADAATAFFTDAATTFFADTTAT
000001082 03  SP	000638885912849 P

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any questions regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MARIE MORTENSON-MACK
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortensonmack@usbank.com

Analyst:
PHUONG DO
Phone 651-466-6211

MARKET VALUE SUMMARY

Beginning Market Value

Current Period 07/01/18 to 07/31/18
$0.00

Ending Market Value

$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

10101010101010101010
10111110011000010011
10100100001110110010
10010011010100000101
10101111111001011110
10000101110001001001
10010010000100111100
10010111100101001101
11000100001001011000
11001010011000110101
10000000111110010000
10111001100011000011
10000010000011011100
10100010100110100111
10001000101101100100
10010111111101011101
10100111100101001000
11011011011100001101

ASSET DETAIL MESSAGES

No reportable securities for this statement period

10101010101010101010
10111110011110010011
10100100001110110010
10010011010100010101
10101111101001001010
10000101010001000001
10010010000100111000
10010111100010000011
11000100001111011110
11001010011100101101
10000000100001101000
10111000010011111011
10000011000110111000
10100101111001010111
10001101011011111100
10011101001101100011
10100101011000001100
11001000010101100101

DFTDDTADAFFTTAFDDDATTAADADTFTDFFAFATTDFDFDAADAATAFFTDAATTFFADTTAT
000001082 03  SP	000638885912849 P

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any questions regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MARIE MORTENSON-MACK
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortensonmack@usbank.com

Analyst:
PHUONG DO
Phone 651-466-6211

MARKET VALUE SUMMARY

Beginning Market Value

Current Period 07/01/18 to 07/31/18
$0.00

Ending Market Value

$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

10101010101010101010
10111110011100010011
10100100001110110010
10010011010100000101
10101111011001001010
10000100110001100101
10010010000101011000
10010111100111100001
11000100001010000010
11001010010010111101
10000000101111001000
10111001000110111011
10000011111110101000
10100110100011110011
10001101001001010100
10000100100100010011
10110000110001010110
11000110110010101101

ASSET DETAIL MESSAGES

No reportable securities for this statement period

10101010101010101010
10111110011010010011
10100100001110110010
10010011010100011101
10101111001001010010
10000100010000011101
10010010000101110100
10010111100110010011
11000100001010011000
11001010010000110101
10000000101101100000
10111001001011110011
10000011010110011100
10100010011100001011
10001011111111010100
10001010010011001001
10110110010010010100
11001110010000110101

DFTDDTADAFFTTAFDDDATTAADADTFTDFFAFATTDFDFDAADAATAFFTDAATTFFADTTAT
000001082 03  SP	000638885912849 P

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any questions regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MARIE MORTENSON-MACK
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortensonmack@usbank.com

Analyst:
PHUONG DO
Phone 651-466-6211

MARKET VALUE SUMMARY

Beginning Market Value

Current Period 07/01/18 to 07/31/18
$0.00

Ending Market Value

$0.00

MARKET VALUE SUMMARY MESSAGES

No activity qualifies for this statement period.

10101010101010101010
10111110011000010011
10100100001110110010
10010011010100000101
10101110101001011110
10000101110000011001
10010010000100001000
10010111100100100111
11000100001100101010
11001010000011010101
10000000110011001000
10111001001110010011
10000011011000001000
10100011011100111011
10001101110110000100
10011110111101111011
10101111100010111000
11001011010100111101

ASSET DETAIL MESSAGES

No reportable securities for this statement period

10101010101010101010
10111110011110010011
10100100001110110010
10010011010100000101
10101110011001001010
10000101010000001001
10010010000101011100
10010111100010100111
11000100001100110000
11001010001010111101
10000000110100001000
10111000100110001011
10000010101001010100
10100001011100111011
10001010110100101100
10001000100011100101
10111111000010110000
11000000010100001101

DFTDDTADAFFTTAFDDDATTAADADTFTDFFAFATTDFDFDAADAATAFFTDAATTFFADTTAT
000001082 03  SP	000638885912849 P

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any questions regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MARIE MORTENSON-MACK
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortensonmack@usbank.com

Analyst:
PHUONG DO
Phone 651-466-6211

MARKET VALUE SUMMARY

Current Period
 	07/01/18 to 07/31/18	

Beginning Market Value	$46,278.13	
Distributions	- 53.79	
Adjusted Market Value	$46,224.34	
Investment Results
Interest, Dividends and Other Income	

53.79	
Total Investment Results	$53.79	
		
Ending Market Value	$46,278.13	

10101010101010101010
10111110011100010011
10100100001110110010
10010011010100011101
10101110001001011110
10000100110001011101
10010010000100000000
10010111100100011011
11000100001100000100
11001010000111001101
10000000110011011000
10111001010110101011
10000010011111100100
10100000111011101011
10001101000001000000
10001111111000001111
10100111001001111100
11011000010101000101

46,278.130	First American Government	46,278.13	46,278.13	100.0	692.47	
	Oblig Fd Cl Y	1.0000	1.00	1.50		
	#3763					
	31846V203					
Total Cash Equivalents	$46,278.13	$46,278.13	100.0	$692.47	
Total Assets	
$46,278.13	
$46,278.13	
100.0	
$692.47	

ASSET DETAIL AS OF 07/31/18

Shares or Face Amount

Security Description

Market Value/
Price

Tax Cost/ Unit Cost

% of Total
Yield at Market Est Ann Inc

Cash Equivalents

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2018	$.00	$.00	$.00	
Taxable Interest	53.79		53.79	
Cash Disbursements	- 53.79		- 53.79	
Ending Cash Balance as of 07/31/2018	$0.00	$0.00	$0.00	

10101010101010101010
10111110011110010011
10100100001110110010
10010011110000000101
10101110111001010110
10000101010000100001
10010010000100010100
10010110100010110111
11000100001100001100
11001010001010110101
10000000101100001000
10111001010100001011
10000011100110111100
10100110111010001111
10001011100110010100
10000011001010100101
10100000011111010010
11011101111110001101

TRANSACTION DETAIL

Date Posted	Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 07/01/2018	$.00	$.00	$46,278.13	
07/02/18	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 6/1/18 To 6/30/18 31846V203	53.79			
07/03/18	Cash Disbursement
Paid To Account # 275143000 Transfer To Another Trust
Int Earnings To Rev Act Per Supl Ind 408(G)(I)	- 53.79			
	Ending Balance 07/31/2018	$0.00	$0.00	$46,278.13	

10101010101010101010
10111110011100010011
10100100001110110010
10010011110000011101
10101110101001000010
10000100110001110101
10010010000101001000
10010110100100001011
11000100001100111000
11001010000111000101
10000000101011011000
10111000100100101011
10000011010000001100
10100111011101011111
10001100010011111000
10000100010001001111
10111000010100011110
11000101111111000101

DFTDDTADAFFTTAFDDDATTAADADTFTDFFAFATTDFDFDAADAATAFFTDAATTFFADTTAT
000001082 03  SP	000638885912849 P

FRONTERRA COMMUNITY DEVELOPMENT DIST ATTN RUSS WEYER DISTRICT MANAGER
707 ORCHID DR SUITE 100
NAPLES FL 34102-5014

QUESTIONS?

If you have any questions regarding your account or this statement, please
contact your Account Manager or Analyst.
Account Manager:
MARIE MORTENSON-MACK
EX-FL-WWSJ
550 WEST CYPRESS CREEK ROAD SUITE 380
FORT LAUDERDALE, FLORIDA 33309
Phone 904-358-5354
E-mail marie.mortensonmack@usbank.com

Analyst:
PHUONG DO
Phone 651-466-6211

MARKET VALUE SUMMARY

Current Period
 	07/01/18 to 07/31/18	

Beginning Market Value	$188,400.23	
Investment Results		
Interest, Dividends and Other Income	299.32	
Total Investment Results	$299.32	
		
Ending Market Value	$188,699.55	

10101010101010101010
10111110011010010011
10100100001110110010
10010011110000001101
10101110011001001110
10000100010001111101
10010010000101011000
10010110100110100111
11000100001001001010
11001010000110101101
10000000100000000000
10111000001100000011
10000011110110011000
10100001011111010011
10001101000010111100
10010100010100001111
10110011010101001010
11011011111011011101

188,699.550	First American Government	188,699.55	188,699.55	100.0	2,823.54	
	Oblig Fd Cl Y	1.0000	1.00	1.50		
	#3763					
	31846V203					
Total Cash Equivalents	$188,699.55	$188,699.55	100.0	$2,823.54	
Total Assets	
$188,699.55	
$188,699.55	
100.0	
$2,823.54	

ASSET DETAIL AS OF 07/31/18

Shares or Face Amount

Security Description

Market Value/
Price

Tax Cost/ Unit Cost

% of Total
Yield at Market Est Ann Inc

Cash Equivalents

ASSET DETAIL MESSAGES

Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations  or  valuation  methodologies  from  financial  industry  services  believed by us to be reliable. Assets that are  not  publicly  traded  may  be reflected  at values  from  other  external  sources.  Assets  for  which a current value is not available may be reflected at a previous value or as not valued, at par  value,  or  at a nominal  value.  Values shown do not necessarily reflect prices  at which  assets  could be bought  or  sold.  Values  are  updated  based  on internal  policy  and may be updated less frequently than statement generation.
For further information, please contact your Analyst.
** The Yield at Market set forth in this statement for any  money  market  fund  is  based  on  the  interest  rate  applicable  to  that  money market fund as of the last business day of the statement period (or  most recent  daily  rate  available)  and may  not be relied  upon as (i)  a yield estimate for the statement period as a whole, or (ii) a guarantee of future performance.

CASH SUMMARY

	Income Cash	Principal
Cash	Total Cash	
Beginning Cash Balance as of 07/01/2018	$.00	$.00	$.00	
Taxable Interest	299.32		299.32	
Transfers	- 299.32	299.32		
Net Money Market Activity		- 299.32	- 299.32	
Ending Cash Balance as of 07/31/2018	$0.00	$0.00	$0.00	

10101010101010101010
10111110011000010011
10100100001110110010
10010011010000011101
10101111111001011010
10000101110000000101
10010010000101000000
10010110100010110011
11000100001100110010
11001010010010011101
10000000101110110000
10111000100101000011
10000010001010111100
10100001100010010111
10001100111111110000
10000111101100110111
10110111001100111110
11011101011101110101

TRANSACTION DETAIL

Date Posted	Description	Income Cash	Principal
Cash	Tax Cost	
	Beginning Balance 07/01/2018	$.00	$.00	$188,400.23	
07/02/18	Interest Earned On
First Am Govt Ob Fd Cl Y Interest From 6/1/18 To 6/30/18 31846V203	299.32			
07/03/18	Cash Disbursement Transfer To Principal	- 299.32			
07/03/18	Cash Receipt Transfer From Income		299.32		
07/03/18	Purchased 299.32 Units Of First Am Govt Ob Fd Cl Y Trade Date 7/3/18 31846V203		- 299.32	299.32	
	Ending Balance 07/31/2018	$0.00	$0.00	$188,699.55	

10101010101010101010
10111110011110010011
10100100001110110010
10010011010000001101
10101111101001001110
10000101010000001101
10010010000101000100
10010110100101111101
11000100001010110100
11001010010110000101
10000000110001001000
10111001010101111011
10000011001111011000
10100110111101100111
10001001001001101000
10001101011100001001
10110101110001111010
11001110010100011101

EXHIBIT 10

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT
COLLIER COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

FRONTERRA COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-19	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
20	
Notes to Required Supplementary Information	21	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

22-23	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

24	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
25-26	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Fronterra Community Development District, Collier County, Florida (“District”) as of and for the fiscal year ended September 30, 2017, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

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

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2017, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 28, 2018, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated June 28, 2018, on our consideration of the District’s compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

June 28, 2018

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Fronterra Community Development District, Collier County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2017. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (“GASB”) No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments issued June 1999. Comparative information between the current year and the prior year is required to be presented in the Management’s Discussion and Analysis (“MD&A”). However, because this is the first year of operations of the District, comparative information is not applicable. Subsequent reports will include the comparative information.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($284,461).

The change in the District’s total net position in comparison with the prior fiscal year was ($284,461). The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2017, the District’s governmental funds reported combined ending fund balances of
$1,957,931. A portion of the fund balance is nonspendable for prepaids and restricted for debt service and capital projects.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflow of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general, debt service and capital projects funds. All funds are considered to be major funds.

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

Notes to the Financial Statements

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS

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

Key components of the District’s net position are reflected in the following table:

NET POSITION
SEPTEMBER 30,		
	2017	
Current and other assets	$	2,152,219	
Capital assets, net of depreciation	 	504,140 	
Total assets	 	2,656,359 	
Current liabilities	255,820	
Long-term liabilities	 	2,685,000 	
Total liabilities	 	2,940,820 	
Net position		
Net investment in capital assets	(2,180,860)	
Restricted	1,896,399	
Unrestricted	 	-		
Total net position	  $	(284,461) 	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used.

Key elements of the change in net position are reflected in the following table:

Revenues:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,

2017

Program revenues
Charges for services	$	80,279	
Operating grants and contributions	260	
Capital grants and contributions	 	4,882 	
Total revenues	 	85,421 	
Expenses:		
General government	80,279	
Interest	76,710	
Bond issuance costs	 	212,893 	
Total expenses	 	369,882 	
Change in net position	(284,461)	
Net position, beginning	 	-		
Net position, ending	  $	(284,461) 	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2017 was $369,882. The costs of the District’s activities were funded by program revenues which were comprised primarily of Developer contribution.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2017.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2017, the District had $504,140 invested in capital assets for its governmental activities. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2017, the District had $2,685,000 in Bonds outstanding for its governmental activities. During 2017 fiscal year, the District issued $2,685,000 of Series 2017 Bonds for the acquisition of infrastructure. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET

The District anticipates the continued construction of its infrastructure in subsequent fiscal years. In addition, it is anticipated that the general operations of the District will increase.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Fronterra Community Development District’s Finance Department at 707 Orchid Drive, Suite 100, Naples, Florida 34102.

STATEMENT OF NET POSITION SEPTEMBER 30, 2017

	Governmental
Activities	
ASSETS		
Cash	$	10,974	
Prepaid expense	5,500	
Restricted assets:		
Investments	2,135,745	
Capital assets:		
Nondepreciable	 	504,140 	
Total assets	 	2,656,359 	
LIABILITIES
Accounts payable	
3,788	
Unearned revenue	14,786	
Contracts payable	143,081	
Retainage payable	32,633	
Accrued interest payable	61,532	
Non-current liabilities:		
Due within one year	35,000	
Due in more than one year	 	2,650,000 	
Total liabilities	 	2,940,820 	
NET POSITION		
Net investment in capital assets	(2,180,860)	
Restricted for debt service	58,843	
Restricted for capital projects	1,837,556	
Unrestricted	 	-		
Total net position	  $	(284,461) 	

See notes to the financial statements

STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

for		Grants and		Grants and	Governmental Functions/Programs	Expenses	Services	Contributions	Contributions		Activities
Governmental activities: General government	
$	80,279	
$	80,279	
$	-	
$	-	
$	-	
Maintenance and operations	-	-	-	4,882	4,882	
Interest on long-term debt	76,710	-	260	-	(76,450)	
Bond issuance costs	212,893	-	-	-	(212,893)	
Total governmental activities	369,882	80,279	260	4,882	(284,461)	
		
Change in net position Net position - beginning Net position - ending			
(284,461)
 	-	
  $	(284,461) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2017

 	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds

ASSETS		
Cash	$	10,974	$	-	$	-	$	10,974	
Investments	-	120,375	2,015,370	2,135,745	
Due from other funds	2,100	-	-	2,100	
Prepaid expenses	 	5,500	-	-	5,500 	
Total assets	  $	18,574	$	120,375	$  2,015,370	$ 2,154,319 	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	3,788	$	-	$	-	$	3,788	
Unearned revenue	14,786	-	-	14,786	
Due to other funds	-	-	2,100	2,100	
Contracts payable	-	-	143,081	143,081
Retainage payable	 	-	-	32,633	32,633 
Total liabilities	 	18,574	-	177,814	196,388 

Fund balances: Nonspendable:
Prepaid expenses
Restricted for:	5,500	-	-	5,500	
Debt service	-	120,375	-	120,375	
Capital projects	-	-	1,837,556	1,837,556	
Unassigned	 	(5,500)	-	-	(5,500) 	
Total fund balances	 	-	120,375	1,837,556	1,957,931 	

Total liabilities and fund balances	 $	18,574	$	120,375	$  2,015,370	$ 2,154,319 

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2017

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

$ 1,957,931

Cost of capital assets	504,140

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both  current  and  long-term, are reported in the government-wide financial statements.
Accrued interest payable	(61,532)	
Bonds payable	 	(2,685,000)	(2,746,532) 	
Net position of governmental activities	  $	(284,461) 	

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

 	Major Funds		Total

Debt	Capital
General	Service	Projects

Governmental Funds

REVENUES
Developer contributions	
$	80,279	$	-	$	-	$	80,279	
Interest	 	-	260	4,882	5,142 	
Total revenues	 	80,279	260	4,882	85,421 	

EXPENDITURES
Current:		
General government	80,279	-	-	80,279	
Interest	-	15,178	-	15,178	

Debt Service:

Bond issuance costs		-		-		212,893	212,893 Capital outlay	 		-		-		504,140		504,140 
Total expenditures	 	80,279	15,178	717,033	812,490 

Excess (deficiency) of revenues

Bond proceeds	 	-	135,293	2,549,707	2,685,000 	
Total other financing sources (uses)	 	-	135,293	2,549,707	2,685,000 	
Net change in fund balances	-	120,375	1,837,556	1,957,931	
Fund balances - beginning	 	-	-	-	-		
Fund balances - ending	  $	-	$	120,375	$  1,837,556	$ 1,957,931 	

over (under) expenditures	-	(14,918)	(712,151)	(727,069) OTHER FINANCING SOURCES (USES)

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

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

$ 1,957,931

Governmental funds report capital outlays as expenditures, however, the cost of capital assets is eliminated in the statement of activites
and capitalized in the statement of net position.	

504,140	
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long- term liabilities in the statement of net position.	

(2,685,000)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.	

 	(61,532) 	
Change in net position of governmental activities	  $	(284,461) 	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

The Fronterra Community Development District ("District") was created on September 29, 2016 by Ordinance No. 2016-28 of the Collier County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is comprised of approximately 33.21 acres.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Board members are elected on an at large basis by the owners of property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2017, all of the Board members are affiliated with CCC Fronterra, LLC (“Developer”).

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

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

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

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

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

Assessments
Assessments are non-ad valorem assessments on benefitted lands within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal year for which annual operations and maintenance assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District was funded with contributions from the Developer in the current fiscal year. The District reports the following major governmental funds:
General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraphs c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, any unspent proceeds are required to be held in investments as specified in the Bond Indenture.

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

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

No depreciation has been taken in the current year as the District’s infrastructure and other capital assets are under construction.

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

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations (Continued)
In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures

Deferred Outflows/Inflows of Resources
Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s). For example, the District would record deferred outflows of resources on the statement of net position related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt (i.e. when there are differences between the reacquisition price and the net carrying amount of the old debt).

Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s). For example, when an asset is recorded in the governmental fund financial statements, but the revenue is unavailable, the District reports a deferred inflow of resources on the balance sheet until such times as the revenue becomes available.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

Other Disclosures

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

NOTE 3 – BUDGETARY INFORMATION

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

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

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2017:

First American Government

   Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund

Obligation Funds CL Y Total Investments

  $	2,135,745 
  $	2,135,745 

S&P AAAm

portfolio: 23 days

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

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

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2017 was as follows:
Beginning
Balance	Additions	Reductions

Ending Balance

Governmental activities
Capital assets, not being depreciated Construction in progress

  $	-	$	504,140    $	-	$	504,140 

Total capital assets, not being depreciated 	-	504,140	-	504,140 

Governmental activities capital assets	 $	-	$	504,140	$	-	$	504,140 
The 2017 Project is estimated at $4.7 million. The infrastructure will include earthwork, reserve and water management; utilities; landscape, signage and lighting and roadways. It is estimated that the project build-out will be no later than year 2021. It is proposed that Special Assessment Revenue Bonds will fund all or a portion of the District infrastructure. Upon completion, certain assets will be conveyed to other entities for ownership and maintenance.

NOTE 6 – LONG-TERM LIABILITIES

Series 2017
On March 15, 2017, the District issued $2,685,000 of Capital Improvements Revenue Bonds, Series 2017 due on May 1, 2047 with a fixed interest rate of 5.50%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2018 through May 1, 2047.

The Series 2017 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2017.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2017 were as follows:

Governmental activities Bonds payable:

Beginning
Balance	Additions	Reductions

Ending Balance

Due Within One Year

Series 2017	-	2,685,000	-	2,685,000	35,000

Total

$	-	$

2,685,000	$

-	$	2,685,000	$

35,000

At September 30, 2017, the scheduled debt service requirements on the long-term debt were as follows:

Governmental Activities

Year ending
September 30:	Principal	Interest	Total
2018	$	35,000	$	147,675	$	182,675	
2019	40,000	145,750	185,750	
2020	40,000	143,550	183,550	
2021	45,000	141,350	186,350	
2022	45,000	138,875	183,875	
2023-2027	270,000	653,675	923,675	
2028-2032	355,000	570,900	925,900	
2033-2037	455,000	462,275	917,275	
2038-2042	605,000	321,750	926,750	
2043-2047	 	795,000	136,125	931,125 
Total	 $	2,685,000	$	2,861,925	$	5,546,925 

NOTE 7 – DEFICIT NET POSITION

The District has a government-wide net position (deficit) of ($284,461) as of September 30, 2017. There is no such deficit reflected in the governmental fund statements. The deficit primarily relates to the issuance of long term debt for assets that will not be owned or maintained by the District as discussed in Note 5 – Capital Assets.

NOTE 8 – DEVELOPER TRANSACTIONS

The Developers has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $80,279.

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 – MANAGEMENT COMPANY

The District has contracted with a management company to perform services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims since inception of the District.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017

REVENUES

Budgeted
 	Amounts	 Original &
Final

Actual Amounts

Variance with Final Budget - Positive (Negative)

Assessments

$	118,225	$

-	$	(118,225)

Developer Contributions	 	-	80,279	80,279 
Total revenues	 	118,225	80,279	(37,946) 

EXPENDITURES
Current:
General government	83,425	80,279	3,146
Maintenance and operations	 	34,800	-	34,800 
Total expenditures	 	118,225	80,279	37,946 

Excess (deficiency) of revenues over (under) expenditures

  $	-	

-	$	-

Fund balance - beginning	 	-	

Fund balance - ending	 $	-	

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2017.

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Fronterra Community Development District, Collier County, Florida (“District”) as of and for the fiscal year ended September 30, 2017, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 28, 2018.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

June 28, 2018

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

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

We have examined Fronterra Community Development District, Collier County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2017. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2017.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Fronterra Community Development District, Collier County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 28, 2018

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Fronterra Community Development District Collier County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Fronterra Community Development District, Collier County, Florida ("District") as of and for the fiscal year ended September 30, 2017, and have issued our report thereon dated June 28, 2018.

Auditor’s Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 28, 2018, should be considered in conjunction with this management letter.
Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Fronterra Community Development District, Collier County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Fronterra Community Development District, Collier County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 28, 2018

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

N/A – First year of audit

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

Not applicable. First year audit.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2017.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2017.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The financial report filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes agrees with the September 30, 2017 financial audit report.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2017. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

EXHIBIT 11

Fronterra Community Development District

Real Estate Econometrics, Inc. 707 Orchid Drive, Suite 100
Naples, Florida 34102
Ph: (239) 269-1341

June 28, 2018

Grau & Associates
2700 North Military Trail, Suite 350 Boca Raton, Florida 33431
This representation letter is provided in connection with your audit of the financial statements of Fronterra Community Development District, Collier County, Florida ("District"), which comprise the respective financial position of the governmental activities and each major fund as of September 30, 2017, and the respective changes in financial position for the fiscal year then ended, and the related notes to the financial statements, for the purpose of expressing opinions as to whether the financial statements are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).
This representation letter is also provided in connection with your examination of the District's compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2017 which was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
We confirm, to the best of our knowledge and belief, as of June 28, 2018, the following representations made to you during your audit.

Financial Statements

We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated February 27. 2018, including our responsibility for the preparation and fair presentation of the financial statements in accordance with U.S. GAAP and for preparation of the supplementary information in accordance with the applicable criteria.
The financial statements referred to above are fairly presented in conformity with U.S. GAAP and include all properly classified funds and other financial information of the primary government and all component units, if applicable, required by generally accepted accounting principles to be included in the financial reporting entity.
We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud.
Significant assumptions we used in making accounting estimates, including those measured at fair value, are reasonable.

Related party relationships and transactions, including revenues, expenditures/expenses, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related parties, if any, have been appropriately accounted for and disclosed in accordance with U.S. GAAP.
Adjustments or disclosures have been made for all events, including instances of noncompliance, subsequent to the date of the financial statements that would require adjustment to or disclosure in the financial statements, if applicable.
We are in agreement with the adjusting journal entries you have proposed, and they have been posted to the accounts.
We are not aware of any pending or threatened litigation, claims, or assessments or unasserted claims or assessments that are required to be accrued or disclosed in the financial statements, and we have not consulted a lawyer concerning litigation, claims, or assessments.
Guarantees, whether written or oral, under which the District is contingently liable, if any, have been properly recorded or disclosed.

Information Provided

We have provided you with:
Access to all information, of which we are aware, that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, and other matters.
Additional information that you have requested from us for the purpose of the audit.
Unrestricted access to persons within the District from whom you determined it necessary to obtain audit evidence.
Minutes of the meetings of the Board of Supervisors or summaries of actions of recent meetings for which minutes have not yet been prepared.
All material transactions have been recorded in the accounting records and are reflected in the financial statements.
We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
We have no knowledge of any fraud or suspected fraud that affects the District and involves-
Management,
Employees who have significant roles in internal control, or
Others where the fraud could have a material effect on the financial statements.
We have no knowledge of any allegations of fraud or suspected fraud affecting the District's financial statements communicated by employees, former employees, regulators, or others.
We have no knowledge of instances of noncompliance or suspected noncompliance with provisions of laws, regulations, contracts, or grant agreements, or abuse, whose effects should be considered when preparing financial statements.
We are not aware of any pending or threatened litigation, claims, or assessments or unasserted claims or assessments that are required to be accrued or disclosed in the financial statements, and we have not consulted a lawyer concerning litigation, claims, or assessments.
	We have disclosed to you the identity of the District's related parties and all the related party relationships and transactions, if any, of which we are aware.

Government-specific

There have been no communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices.
The District has no plans or intentions that may materially affect the carrying value or classification of assets, liabilities, or equity.
The District has no post-employment or post-retirement benefit plans. And, the District has no obligations under F.S. 112.0801.
We are responsible for compliance with the laws, regulations, and provisions of contracts and grant agreements applicable to us, including tax or debt limits and debt contracts, and legal and contractual provisions for reporting specific activities in separate funds.
There are no violations or possible violations of budget ordinances, laws and regulations (including those pertaining to adopting, approving, and amending budgets), provisions of contracts and grant agreements, tax or debt limits, and any related debt covenants whose effects should be considered for disclosure in the financial statements, or as a basis for recording a loss contingency, or for reporting on noncompliance.
As part of your audit, you assisted with preparation of the financial statements and related notes. We acknowledge our responsibility as it relates to those nonaudit services, including that we assume all management responsibilities; oversee the services by designating an individual, preferably within senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of the services performed; and accept responsibility for the results of the services. We have reviewed, approved, and accepted responsibility for those financial statements and related notes.
The District has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset been pledged as collateral.
The District has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
The financial statements include all component units as well as joint ventures with an equity interest, if any, and properly disclose all other joint ventures and other related organizations, if any.
The financial  statements  properly   classify   all   funds   and   activities   in   accordance   with  GASB Statement No. 34 .
All funds that meet the quantitative criteria in GASBS Nos. 34 and R for presentation as major are identified and presented as such and all other funds that are presented as major are particularly important to financial statement users.
Components of net position (net investment in capital assets; restricted; and unrestricted) and classifications of fund balance (nonspendable, restricted, committed, assigned, and unassigned) are properly classified and, if applicable, approved.
Investments, derivative instruments, and land and other real estate held by endowments, if any, are properly valued.
Provisions for uncollectible receivables, if any, have been properly identified and recorded.
Expenses have been appropriately classified in or allocated to functions and programs in the statement of activities, and allocations, if any, have been made on a reasonable basis.
Revenues are appropriately classified in the statement of activities within program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal, as applicable.
lnterfund, internal, and intra-entity activity and balances, if any, have been appropriately classified and reported.

Deposits and investment securities and derivative instruments, if any, are properly classified as to risk and are properly disclosed.
Capital assets, including infrastructure and intangible assets, if any, are properly capitalized, reported, and, if applicable, depreciated.
We are following GASB Statement No. 54, paragraph 18, to determine the fund balance classifications for financial reporting purposes.
	We acknowledge our responsibility for the required supplementary information (RSI). The RSI is measured and presented within prescribed guidelines and the methods of measurement and presentation have not changed from those used in the prior period. We have disclosed to you any significant assumptions and interpretations underlying the measurement and presentation of the RSI.
With regard to the requirements of Section 218.415, Florida Statutes:
We acknowledge our responsibility for complying with these requirements.
We acknowledge our responsibility for establishing and maintaining effective internal control over compliance.
We have performed an evaluation of the District's compliance with these requirements and the District's controls for ensuring compliance and detecting noncompliance with requirements, as applicable.
There have been no known instances of noncompliance with these requirements as of September 30, 2017.
We have made available all documentation related to compliance with these requirements.
There have been no communications from regulatory agencies, internal auditors, and other practitioners concerning possible noncompliance with these requirements, including communications received after September 30, 2017.
There have been no known instances of noncompliance with these requirements occurring subsequent to September 30, 2017.
Signature:  	L..f_u......_-t--7-=J--fl-_	_	_

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