Poinciana

Community Development District

Agenda Package

June 20, 2018

AGENDA

Poinciana

Community Development District

135 W. Central Blvd., Suite 320, Orlando, Florida 32801

Phone: 407-841-5524- Fax: 407-839-1526

June 13, 2018

Board of Supervisors
Poinciana Community
Development District

Dear Board Members:

The Board of Supervisors of Poinciana Community Development District will meet Wednesday,

June 20, 2018 at 11:00 AM at the Starlight Ballroom, 384 Village Drive, Poinciana, Florida.

Following is the advance agenda for the meeting:

1.	Roll Call
2.	Pledge of Allegiance
3.	Public Comment Period on Agenda Items
4.	Approval of Minutes of the May 16, 2018 Meeting
5.	Consideration of Quit Claim Deed
6.	Staff Reports
A.	Attorney
i.	Litigation Update

B.	Engineer
C.	District Manager
i.	Action Items List ·
ii.	Approval of Check Register
iii.	Balance Sheet and Income Statement
iv.	Presentation of Arbitrage Rebate Calculation Report
D.	Field Manager
i.	Field Manager's Report
ii.	Customer Complaint Log
7.	Supervisor's Requests
8.	General Audience Comments
9.	Other Business
10.	Next Meeting Date -July 18, 2018
11.	Adjournment

The second order of business is the reciting of the Pledge of Allegiance.

The third order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The fourth order of business is the approval of minutes from the May 16, 2018 meeting. The minutes are enclosed for your review.

The fifth order of business is the consideration of the Quit Claim Deed regarding real property from Avatar Properties, Inc. A copy of the memorandum from District Counsel and the deed are enclosed for your review.

The sixth order of business is Staff Reports. Section A is the Attorney's Report and an update on the

litigation will be discussed under Sub-Section 1. Section C is the District Manager's Report. Sub-Section 1 "includes the Action Items List for your review. Sub-Section 2 includes the check register

for approval and Sub-Section 3 includes the balance sheet and income statement for your review. Sub-Section 4 is the presentation of the arbitrage rebate calculation report for the Series 2012 A-1 and

2012 A-2 Bonds. A copy of the report is enclosed for your review. Section Dis the Field Manager's Report. The report will be presented at the meeting. Sub-Section 2 includes the customer complaint

log for review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,

[L  ..\ ' --
George S. Flint

District Manager

CC:	Michael Eckert, District Counsel Kathleen Leo, District Engineer Brian Smith, Field Manager Darrin Mossing, GMS

Enclosures

MINUTES

MINUTES OF MEETING
POINCIANA

COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Poinciana Community Development District was held on Wednesday, May 16, 2018 at 11:00 a.m. in the Starlite Ballroom, 384 Village Drive, Poinciana, Florida.

Present and constituting a quorum were:

Robert Zimbardi	Chairman
LeRue "Skip" Stellfox	Vice Chairman
Lita Epstein	Assistant Secretary
David Lane	Assistant Secretary
William Land	Assistant Secretary

Also present were:

George Flint	District Manager
Michael Eckert	District Counsel
Kathy Leo	District Engineer
Brian Smith	Field Manager
Pete Deglomine	Clarke

Residents

The following is a summary of the discussions and actions taken at the May 16, 2018 Poinciana Community Development District's Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call

Mr. Zimbardi called the meeting to order and called the roll.

SECOND ORDER OF BUSNESS	Pledge of Allegiance

The Pledge of Allegiance was recited.

THIRD ORDER OF BUSINESS	Public Comment Period

A resident noted that the current midge control was not solving the problem and that there were not enough units to cover the entire lake and cul-de-sacs. Mr. Zimbardi stated that this item would be discussed under the Field Manager's Report.

May 16, 2018	Poinciana COD	
FOURTH ORDER OF BUSINESS	Approval of Minutes of the March 21,	
	2018 and April 18, 2018 Meetings	

Mr. Zimbardi presented the minutes of the March 21, 2018 meeting. Mr. Flint received comments from District Counsel, which would be incorporated.

On MOTION by Mr. Stellfox, seconded by Ms. Epstein, with all in favor, the Minutes of the March 21, 2018 Meeting were approved, as amended.

Mr. Zimbardi presented the minutes of the April 18, 2018 meeting, noting that COA should be HOA on Page 8. Mr. Eckert stated that, according to deeds, the Solivita community was a COA, and would verify this. It was noted that the terms "COA" and "HOA" were used interchangeably. The change from Mr. Zimbardi would be incorporated.

On MOTION by Mr. Lane, seconded by Mr. Land, with all in favor, the Minutes of the April 18, 2018 Meeting were approved, as amended.

FIFTH ORDER OF BUSINESS Consideration of Resolution 2018-10 Approving the Proposed Fiscal Year 2019

Budget and Setting a Public Hearing

Mr. Eckert presented Resolution 2018-10, approving the Proposed Budget, noting a change on the first page of the Resolution, to declare direct collect assessments on the undeveloped land from Avatar.

Mr. Flint presented the budget, which was based on the. same assessment level as the prior year. The following was highlighted:
►	Administrative Expenses decreased by $13,000, primarily by bidding management services and a reduction in the District Management fee

►	Operations and Maintenance (O&M) Expenses:

	o Aquatic Control Maintenance would remam at $98,000; however, additional ponds may be conveyed to the District from AV Homes, which should be accounted for

	o     $20,000 was added for Aquatic Midge Management

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May 16, 2018	Poinciana CDD

0	$50,000 was added for Storm Structure Repair

0	$20,000 was added into Capital Outlay, for additional aeration

►	In the Debt Service Fund, there was $57,000 of Carry Forward Surplus to balance the budget

►	At the end of the fiscal year, $339,000 in Fund Balance was projected

►	By subtracting the $57,000 and First Quarter Operating, there would be an excess revenue of $111,338

Mr. Flint recommended approving the Proposed Budget, to meet the June 15th deadline for sending the budget to the County, and considering a second draft at the June meeting.

Mr. Land asked if the purpose of the Carry Forward Surplus was to balance revenues and expenditures. Mr. Flint confirmed that $57,000 of Carry Forward Surplus was being used to balance the budget. At the June meeting, Mr. Flint would recommen.d transferring out cash beyond the operating reserve, setting three months aside as First Quarter Operating, which would be moved into the Capital Reserve Fund. Stormwater repairs and aeration projects would be funded out of the capital reserve. Mr. Eckert noted that the increase was due to the RFP process for a new District Manager and RFQ process for a new District Engineer. Legal fees in Poinciana West was $20,000 more, and recommended meeting every other month, in the next fiscal year, to keep costs down.

Mr. Zimbardi requested an analysis of the changes in the description of the accounts, to explain significant changes in the dollar amounts. Mr. Flint noted that District Attorney and District Engineer's fees were based on demand and time and not fixed, and he would add a column for notes to address significant variances. Mr. Zimbardi requested a copy of the partial Funding Agreement with the developer, and asked why there was a contingency for Aquatic Midge Management. Mr. Smith explained that $10,000 was added for chemical treatments and $20,000 for aeration. Mr. Land suggested budgeting an additional amount for Aquatic Midge Management. Mr. Smith stated that funds were available for additional units.

Mr. Stellfox asked why $50,000 was added for Storm Structure Repair. Mr. Smith explained that there were current repairs to the storm system, which was a small portion of the overall list of items, and there may be additional repairs during the summer, due to hurricane season and ongoing maintenance.

3

May 16, 2018	Poinciana CDD

Mr. Land asked why there was a difference in the interest for the 2012A-2 bonds in the Debt Service Fund. Mr. Flint believed that the difference was due to prepayments and a revised Amortization Schedule, but would verify this. Mr. Land noted that SpecialAssessments - Tax Collector should increase with additional homes being sold, but was steady from 2018 to 2019. Mr. Flint explained that the assessments were placed on all property, including platted lots, whether or not homes were sold. Mr. Eckert noted that 10 plats were not yet recorded, and he would bring back information on whether additional units were platted in June. Mr. Stellfox requested a Fiscal Year 2019 budget the assessment schedule. Mr. Flint would include it in the next draft.
Mr. Lane asked why electric was $30 per month in one tunnel and $125 for another tunnel. Mr. Smith explained that there was size difference and would look into this matter further. At Mr. Stellfox' request, Mr. Smith would perform a meter audit.

On MOTION by Mr. Lane, seconded by Ms. Epstein, with all in favor, Resolution 2018-10 Approving the Proposed Budget for

Fiscal Year 2019 and Setting the Public Hearing for August 15, 2018 at 11 :00 a.m., at this location, was adopted.

SIXTH ORDER OF BUSINESS	Consideration of Amended Fiscal Year

2018 Meeting Schedule

Mr. Flint presented an amended Fiscal Year 2018 meeting schedule. Ms. Epstein requested changing the September meeting, due to the Yom Kippur holiday, meeting in alternating months and cancelling the July meeting. Mr. Flint stated that the purpose of the July meeting was to discuss items from the June meeting and could be cancelled by the Chairman. Special meetings could be called.

On MOTION by Mr. Lane, seconded by Mr. Stellfox, with all in favor; the amended Fiscal Year 2018 meeting schedule was approved.

SEVENTH ORDER OF BUSINESS Consideration of Proposal from AMTEC to Provide Arbitrage Rebate Calculation Services

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May 16, 2018	Poinciana CDD

Mr. Flint reported that the District was required to perform ·an arbitrage rebate calculation, every five years, to ensure that the District was not earning more interest than it was paying on their bond issues. The cost for an annual arbitrage rebate calculation was the same as performing one every five years, so, the recommendation was to perform one every year. AMTEC provided a proposal to perform arbitrage rebate calculations for the Series 2012A-1 and A-2 bonds. Mr. Flint would confirm that the arbitrage rebate calculations for 2016 and 2017 were no longer necessary and requested that the Board approve the one for 2018 only.

On MOTION by Mr. Stellfox, seconded by Mr. Lane, with all in favor, the AMTEC Proposal for Arbitrage Rebate Calculation Services, in a not-to-exceed amount of $600, for April 30, 2018 only, subject to Mr. Flint confirming that the 2016 and 2017 Arbitrage Rebate Calculations were necessary, was approved.

EIGHTH ORDER OF BUSINESS	Presentation of Proposed New Website

Design

Mr. Flint presented the new website design. It was developed in-house and was a work in progress. Changes could be made as needed. The website would have the following:

►	News

►	Tunnel information

►	Board Member information with pictures of each Board Member and a District directory with contact information

►	Meeting schedule

►	CDD information

►	County and State requirements

►	Agenda and minutes for this fiscal year. Ms. Epstein requested additional years.

►	Budgets and audits going back to 2014

►	Information on the amenity acquisition process

►	Contact Us tab for residents to submit questions by phone, fax or email

Mr. Flint noted that the website was not live, but based on Board member comments and changes, the website could be operational within the week. Mr. Zimbardi stated that items were missing, such as a midge control hotline. Mr. Flint would add another contact page.

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May 16, 2018			Poinciana CDD	
ELEVENTH ORDER OF BUSINESS	Staff°Reports	
A.	Attorney		
	i.	Litigation Update		

Mr. Eckert confirmed that Solivita could be known as an HOA, even though the official name was Solivita Community Association, Inc.

Regarding the litigation, Mr. Eckert reported that there would be a Show Cause Hearing for the second Bond Validation on June 8th• The purpose of the hearing was for the judge to decide who would participate in the trial, set a trial date and deal with legal procedural issues.

B.	Engineer

Ms. Leo presented updated maps. She stated that this was a work in progress and over the next month, she would be working with the District Manager's office. When they met with the developer in mid-March, 10 plats had ponds. At that point, the ponds were supposed to be turned over in the next 18 months. Ms. Leo would identify the ponds that would be turned over within the next budget year, and get budgets from the contractors.

Mr. Stellfox recalled discussion at the last meeting about renaming the ponds. Ms. Epstein wanted the pond names to be related to the street that the pond was near. Ms. Leo would bring an exhibit to the next meeting.

C.	District Manager

	i.    Action Items List

Mr. Flint presented the Action Items List. The only items were the aeration system project and stormwater system repairs, which would be covered under the Field Manager's Report.

ii.	Approval of Check Register

Mr. Flint presented the Check Register from April 1st through April 30, 2018 in the amount of $96,173.87. It included Check #2628 through Check #2641 for the General Fund, in the amount of $94,880.97, and payroll checks in the amount of $923.50. The detail was behind the Check Register.

Mr. Lane requested a breakdown of legal and engineering charges on the Check Register, and asked about·an Amortization Schedule charge. Mr. Flint stated that the amortization charge was for Disclosure Services· to revise the Amortization Schedule for the District, based on prepayments. A subtotal on each printout of the check runs was suggested.

6

May 16, 2018	Poinciana CDD

Mr. Zimbardi asked if the clearing of debris and dead fish were completed by GMS. Mr. Smith indicated that the District was paying an hourly rate of $35, which was below the labor rate cost. GMS used a tax exemption to try to maximize the budget and complete the work for a lesser amount, versus hiring a contractor. Mr. Stellfox stated that the District was receiving better service from GMS than the prior company. Mr. Smith would provide their labor rate.
Mr. Land asked if it would make sense to sort the report by account numbers, versus the check run. Mr. Flint felt that would be complicated and it was easier to address questions with the current format.

On MOTION by Mr. Lane, seconded by Mr. Stellfox, with all in favor, approval of the April Check Register was approved.

iii.	Balance Sheet and Income Statement

Mr. Flint presented the Unaudited Financial Statements through April 30, 2018. In the General Fund, assessments were 100% collected and on-roll assessments were within $3,700; however, there may be additional revenue from tax bills going to tax certificate sales.

"Assessments - Developer" would be changed to "Assessments -Contribution". Expenses were slightly over budget, due to professional fees.

On MOTION by Mr. Lane, seconded by Mr. Stellfox, with all in favor, the Financial Stateinents were accepted.

iv.	Consideration of Funding Request #2

Mr. Flint presented Funding Request #2, in the amount of $17,599.41, for costs associated with the Developer Funding Agreement, related to project construction and the amenity acquisition project. Mr. Land asked if the developer paid promptly. Mr. Flint noted some delinquent payments around the transition and personnel changes at AV Homes. He would appraise the Board about any future concerns regarding the timing of payments. Mr. Eckert completed work related to the amenities and pond transfers, which were the responsibility of the developer.

7

May 16, 2018	Poinciana CDD

On MOTION by Mr. Zimbardi, seconded by Mr. Lane, with all in favor, Funding Request #2, in the amount of $17,599.41, was approved.

v.	Presentation of Number of Registered Voters - 4,247

Mr. Flint reported that the District was required each year to publicly announce the number of registered voters as of April 15th• According to the Supervisor of Elections, there were 4,247 registered voters, as of April 17, 2018. No action was required by the Board.

D.	Field Manager

	i.    Field Manager's Report

Mr. Smith presented the Field Manager's Report. All aerators were installed and work was performed on the storm structures. Rip rap was placed on mitered end sections, which was a good solution to the problem.

Mr. Lane asked what fence was repaired. Mr. Smith stated that a black chain link fence, between a structure and a roadway was in disrepair. Mr. Land asked if it was better to ask developers to put in rip rap, versus concrete. Ms. Leo noted that mitered end sections were typical in the industry and wear well. The method of restoration depends on the life cycle of the pond. Discussion ensued. Mr. Zimbardi asked about pond mowing and pond bank maintenance. Mr. Smith was working with Floralawn to use the proper equipment and hand mow, particularly around tree beds and mulch. Clarke's Monthly Treatment Report was included in the Field Manager's Report.

ii.	Consideration of Proposal for Stocking Fish in Ponds for Midge Control

Mr. Smith presented a proposal from Clarke, to stock Blue Gill, Large Mouth Bass and Channel Catfish in the ponds for midge control, in the amount of $2,350. Mr. Smith recommended Pond E-3, which was a 10-acre pond, if the fish stocking was a pilot program. Gambusia was expensive and not much more effective.

Mr. Deglomine, of Clarke, concurred with stocking the pond with Blue Gill, Large Mouth Bass and Channel Catfish. Blue Gill was the best weapon for killing the midge larvae and Catfish would kill the shoreline midges, versus Gambusia. There was not much research on Gambusia and midge larvae. Pond E-3 was the worst pond for midges, but Pond C-10 could also use fish stocking.

8

May 16,2018	Poinciana CDD

Ms. Epstein suggested having aeration in one pond with and fish in the other, to see which method was more effective. Mr. Smith stated that it would take a long time for the aeration to change the condition of the pond. Mr. Deglomine noted a quicker result from the fish. Mr. Smith recommended fish and aeration in Pond E-3 and fish only in Pond C-10. Mr. Deglomine stated that midge control treatment in Pond C-10 was requested by residents. Discussion ensued.

On MOTION by.Mr. Land, seconded by Mr. Stellfox, with all in favor, adding Pond C-10 to the Clarke midge control contract, was approved.

Discussion ensued regarding stocking Ponds E-3 and C-10 with fish.

On MOTION by Mr. Zimbardi, seconded by Mr. Lane, with all in favor, the Proposal from Clarke for stocking Blue Gill, Large Mouth Bass and Channel Catfish in Ponds C-10 and E-3· for midge control, in a not-to-exceed amount of $2,350, was approved.

iii.	Customer Complaint Log

Mr. Smith presented the Customer Complaint Log and a Priority Checklist. Several items were completed and the remaining were underway or completed. The checklist will be included in future agenda packages.

Mr. Flint provided a brief article on the boating policy, at the Board's request, which would be published in the newsletter.

TENTH ORDER OF BUSINESS	Supervisor's Requests

There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Audience Comments

Dr. Mark Kessler, a resident, was in favor of stopping the Bond Validation and provided suggestions to the Board regarding the amenities. Mr. Eckert advised that this matter was in litigation and that the District did not own the land under which the proposed amenities were to

9

May 16, 2018	Poinciana CDD

be built. The complaint was filed as required. Mr. Zimbardi thanked the resident for providing this information. It would be discussed at the next joint meeting.

TWELFTH ORDER OF BUSINESS	Other Business

There being none, the next item followed.

THIRTEENTH ORDER OF BUSINESS       Next Meeting Date - June 20, 2018@
11:00 A.M.

Mr. Zimbardi announced that the next meeting was on June 20, 2018 at 11:00 a.m.

FOURTEENTH ORDER OF BUSINESS      Adjournment

On MOTION by Ms. Epstein, seconded by Mr. Lane, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

10

SECTION V

MEMORANDUM

TO:	George Flint

FROM:	Michelle Rigoni on behalf of Mike Eckert

DATE:	June 13, 2018

RE:	Poinciana CDD / Quit Claim Deed from Poinciana CDD to Avatar Properties, Inc.

The District Staff has been working to confirm ownership of the pond tracts within the Poinciana Community Development District (the "District"). In particular, the real property underlying a pond designated as P -El5 (as it appears on the District's Ownership Map) was deeded to the District by Avatar Properties, Inc. in. 2009, but such pond does not exist on the final, recorded plat. See "Tract N" on Plat Book 3, Page 233 of the Official Records of Osceola County, Florida (this tract is where the location of pond P-El5 was supposed to be located). In fact, this pond tract does not exist as it was not constructed by the developer of Solivita. Moreover, the property is not located in Polk County, and instead is located in Osceola County.

Accordingly, this Quit Claim Deed between the Poinciana Community Development District and Avatar Properties, Inc. was prepared to clear the cloud of title upon Tract N, whereby the District disclaims all right, title and interest in that tract. The Quit Claim Deed should be considered by the Board of Supervisors at their June 20, 2018 meeting.

This instrument was prepared by:
Michael C. Eckert, Esq.
Hopping Green & Sams, P.A.
119 South Monroe Street, Suite 300
Tallahassee, Florida 32301

QUIT-CLAIM DEED

THIS QUIT CLAIM DEED, is made as of t h e _  day of _ _ _ _ _     , 2018, by and

between the POINCIANA COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government, established and existing pursuant to Chapter 190, Florida Statutes,

("Grantor"), whose mailing address is 135 W. Central Boulevard, Suite 320, Orlando, Florida 32801, and AVATAR PROPERTIES, INC., a Florida corporation, ("Grantee"), whose

mailing address is 8601 N. Scottsdale Road, Suite 225, Scottsdale, Arizona 85253.

WITNESSETH:

That Grantor, for and in consideration of the sum of ten dollars ($10.00) in hand paid by the Grantee, the receipt whereof is hereby acknowledged, does hereby remise, release and quit-claim unto the Grantee forever, all of the right, title, interest, claim and demand which the Grantor has, if any, in and to the following described parcel of land, situate, lying and being in the County of Osceola, State of Florida, to-wit:

Tract N,  as identified  on the plat titled, Poinciana
Neighborhood 5, Village 1, as recorded in Plat Book 3,

Pages 231-233, of the Official Public Records of Osceola County, Florida.

TO HAVE AND TO HOLD the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all of the estate, right, title, interest, lien, equity and claim whatsoever of the Grantor, either in law or equity, if any, to the only proper use,

benefit and behalf of the Grantee forever.

IN WITNESS WHEREOF, Grantor has caused these presents to be executed on the day and year first above written.

Witnesses:	POINCIANA COMMUNITY			
	DEVELOPMENT DISTRICT			
	By: _ _ _ _ _ _ _ _ _ _ _ _ _	_		
Print Name: - - - - - - - - - -				
	Name: - - - - - - - - - - - - - -			
	Title: - - - - - - - - - - - - - -			
Print Name: - - - - - - - - - -				

Page 1 of2

STATE OF FLORIDA
COUNTY OF - - - - - -

The	foregoing	instrument  was  acknowledged	before  me  this  _ _	day	of	
_ _ _ _ _ _	, 2018,	by _ _ _ _ _ _ _ _ _ _	as _ _ _ _ _ _ _ _	for	the	
Poinciana Community Development District and who is has personally appeared before me and is personally known to me.

	NOTARY PUBLIC, STATE OF FLORIDA	
(NOTARY SEAL)	Name: - - - - - - - - - - - -	
	(Name of Notary Public, Printed,	
	Stamped or Typed as Commissioned)	

Page 2 of2

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SECTION VI

SECTION C

SECTION 1

Poinciana CDD ACTION ITEMS

as of 6/13/2018

	Meeting								
Item#	Assigned	Action Item	Assigned To	Date Due   Status	Comments		
1	1/17/18	Pond Aeration Systems	Smith		Completed	All systems installed and running		
						on ponds.		
							Rip rap placed on mitered end		
	1/17/18	Storm Drain System Repairs				Completed	sections and has been an		
2			Smith			effective solution.		

prepared by GMS

SECTION 2

Poinciana

Community Development District

Summary of Check Register

May l; 2018 to May 31, 2018

	Fund		Date	CheckNo.'s		Amount				
General Fund	5/3/18		2642	$	4,751.56			
			5/9/18		2643	$	5,353.81			
			5/10/18		2644-2647	$	32,609.41			
			5/22/18		2648-2650	$	8,600.43			
			5/24/18		2651	$	5,439.87			
			5/26/18		2652	$	8,344.13			
												
							$	65,099.21			
Payroll		May2018		50017	$	184.70			
				David Lane							
			Lerue Stelliox	50018	$	184.70			
			Lita Epstein	50019	$	184.70			
			Robert Zimbardi	50020	$	184.70			
			William Land	50021	$	184.70			
												
							$	923.50			
												
							$	66,022.n I		

AP300R				YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER		RUN	6/12/18	PAGE	1		
*** CHECK DATES	05/01/2018 - 05/31/2018 ***	POINCIANA - GENERAL FUND											
						BANK A	GENERAL FUND												
CHECK	VEND#	...•. INVOICE •••••••. EXPENSED TO...	SUB	SUBCLASS	VENDOR NAME		STATUS				AMOUNT	••.. CHECK ..•••		
DATE		DATE	INVOICE	YRMO	DPT ACCT#							*					AMOUNT		#		
5/03/18	00017	5/02/18	2124828	201804	310-51300-31100									4,751.56					
			INTERIM ENG.SRVCS APR18			GAI	CONSULTANTS,	INC			- -	- - -		4,751.56	002642		
5/09/18	00001	- - - - - - - - - - - - - - - - -	- -					*			- - - - - - - - - -				
		5/01/18	14	201805	310-51300-34000									3,750.00					
			MANAGEMENT FEES	MAY18								*				125.00					
		5/01/1814	201805	310-51300-35200														
			INFO TECHNOLOGY MAY18								*				416.67					
		5/01/1814	201805	310-51300-31300														
			DISSEMINATION FEE MAY18								*				18.46					
		5/01/1814	201805	310-51300-51000														
			OFFICE SUPLIES	310-51300-42000					*				26.75					
		5/01/1814	201805															
			POSTAGE	201805	310-51300-42500					*				126.75					
		5/01/1814																
			COPIES	201805	310-51300-49000					*				56.85					
		5/01/1814																
			MAINTENANCE SUPPLIES								*				,833. 33					
		5/01/1815	201805	320-53800-12000														
			FIELD MANAGEMENT MAY18			GOVERNMENTAL MANAGEMENT	SERVICES-CF		- - -	- -		5,353.81	002643		
5/10/18	00011	5/01/18	6365250	201805	320-53800-47100					*			- - - - - - - - - -				
													11,750.00					
			MOSQUITO	MGMT SERV MAY18			CLARKE ENVIRONMENTAL MOSQUITO		- - -	- -	- - - -	11,750.00	002644		
5/10/18	00004	5/01/18	2685	201805	320-53800-46200					*				- - - - - -				
													11,970.42					
			LAWN MAINTENANCE MAY18			FLORALAWN 2, LLC				- -	- - - - - - -	11,970.42	002645		
5/10/18	00017	2/01/18	- - - -	- - - -	- - - - - - -					*			- - - - - -				
			2122089	201801	310-51300-31100									2,507.50					
			INTERIM ENG.SRVCS JAN18			GAI	CONSULTANTS,	INC							2,507.50	002646		
5/10/18	00021	4/25/18	4972968	201804	310-51300-32300					*	- - - - - - - - - - - - - - -				
														6,381.49					
			TRUST.FEES-SER.2012 Al&A2		U.S.  BANK					- - - - -	- - - -	6,381.49	002647		
5/22/18	00009	5/16/18	3231983	201805	320-53800-47000					*			- - - - - -				
														8,166.66					
			AQUATIC	SERVICES MAY18			CLARKE AQUATIC SERVICES,	INC.		- - -	- -		8,166.66	002648		
5/22/18	00010	5/15/18 6-181-74	201805 310-51300-42000					*			- -- - - - - - - -				
												180.60					
			DELIVERY	05/09/18			FEDEX									180.60	002649		
																				
							POIN POIN COD		TVISCARRA										

AP300R				YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  6/12/18	PAGE	2		
*** CHECK DATES	05/01/2018 - 05/31/2018 ***	POINCIANA - GENERAL FUND								
					BANK A GENERAL FUND								
CHECK	VEND#	....• INVOICE •... •.•• EXPENSED	TO...		SUBCLASS	VENDOR NAME	STATUS		AMOUNT	...• CHECK •••..		
DATE		DATE	INVOICE	YRMO -DPT ACCT# SUB			*			AMOUNT		#		
5/22/18	00005	5/09/18 L060G0IG	201805 310-51300-48000					253.17					
			NOT.OF MEETING 05/16/18	THE	LEDGER			- -	- - - - - -- -	253.17	002650		
5/24/18	00002	- - - - - - - - - - - - - - - - -	- -			*			- - - - -				
		5/21/18	100361	201804 310-51300-31500					5,439.87					
			GENERAL COUNSEL APR	18	HOPPING GREEN & SAMS				5.,439. 87 002 651		
5/26/18	00013	5/26/18 05262018	201805 300-20700-10000			*	- - - - - - - - - - - - - - -				
								8,344.13					
			FY18 DEBT SERVICE SER2012	POINCIANA COD C/O USBANK				8,344.13	002652		
								TOTAL	FOR BANK A		65,099.21					
								TOTAL	FOR REGISTER		65,099.21					

POIN POIN COD       TVISCARRA

SECTION 3

•  •  •  •  •	•  •  •  •  •  •

Poinciana

Community Development District

Unaudited Financial Reporting
May 31, 2018

•  •  •  •  •  •  •

		Table of Contents	
1		Balance Sheet	
2		General Fund Income Statement	
3		Debt Service Income Statement	
4		Month to Month	
5		FY18 Assessment Receipt Schedule	

Poinciana

COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

May 31, 2018

															
								I		I				
				General		Debt Service					Totals			
				Fund		Fund					2018			
ASSETS:												
CASH	$426,937								$426,937			
															
OPERATING ACCOUNT- SUNTRUST												
MONEY MARKET ACCOUNT	$52,133								$52,133			
CERTIFICATE OF DEPOSIT	$107,731								$107,731			
INVESTMENTS												
SERIES 2012A-1 & A-2			$535,748					$535,748			
RESERVE A-1											
RESERVE A-2			$322,618					$322,618			
REVENUE			$411,649					$411,649			
REDEMPTION A-1			$5,009					$5,009			
REDEMPTION A-2			$3,730					$3,730			
DUE FROM DEVELOPER	$173,369								$173,369			
												$2,038,924			
TOTAL ASSETS	$760,170		$1,278,754								
LIABILITIES:	$126,245								$126,245			
ACCOUNTS PAYABLE												
FUND EQUITY:												
														
FUND BALANCES:			$1,278,754					$1,278,754			
RESTRICTED FOR DEBT SERVICE 2012A-1 & A-2											
OPERATING RESERVE	$155,224								$155,224			
UNASSIGNED	$478,701								$478,701			
				$760,170										
TOTAL LIABILITIES & FUND EQUITY				$1,278,754					$2,038,924			

Poinciana

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues & Expenditures

For The Period Ending May 31, 2018

					ADOPTED	PRORATED BUDGET	ACTUAL				
REVENUES:			BUDGET	THRU 5/31/18	THRU 5/31/18	VARIANCE			
									
			$452,500	$452,500	$451,809	($691)			
ASSESSMENTS -TAXCOUECTOR							
ASSESSMENTS-DIRECT BILLED	$71,073	$71,073	$35,537	($35,536)			
ASSESSMENTS -DEVELOPER	$84,960	$84,960	$84,960	$0			
INTEREST	$3,500	$2,333	$1,484	($849)			
TOTAL REVENUES									
		$612,033	$610,867	$573,790	($37,076)			
EXPENDITURES:									
ADMINISTRATIVE:									
SUPERVISOR FEES	$12,000	$8,000	$9,400	($1,400)			
FICA EXPENSE	$918	$612	$719	($107)			
ENGINEERING	$18,000	$12,000	$28,223	($16,223)			
ATTORNEY	$30,000	$20,000	$44,142	($24,142)			
ARBITRAGE	$600	$600	$450	$150			
DISSEMINATION	$5,000	$5,000	$6,749	($1,749)			
ANNUAL AUDIT	$4,250	$0	$0	$0			
TRUSTEE FEES	$7,000	$7,000	$9,772	($2,772)			
ASSESSMENT ADMINISTRATION	$11,365	$11,365	$230	$11,135			
MANAGEMENT FEES	$55,341	$36,894	$34,366	$2,528			
INFORMATION TECHNOLOGY	$16	$11	$824	($813)			
TELEPHONE	$0	$0	$15	($15)			
POSTAGE	$1,200	$800	$4,560	($3,760}			
PRINTING & BINDING	$2,700	$1,800	$2,196	($396)			
INSURANCE	$15,447	$15,447	$14,151	$1,296			
LEGAL ADVERTISING	$2,000	$1,333	$8,754	($7,421)			
OTHER CURRENT CHARGES	$0	$0	$127	($127)			
OFFICE SUPPU ES	$300	$200	$184	$16			
PROPERTY APPRAISER	$9,628	$0	$0	$0			
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$175	$0			
FIELD:		$14,000	$9,333	$8,136	$1,198			
FIELD MANAGEMENT							
ELECTRIC	$1,500	$1,000	$1,392	($392)			
LANDSCAPE MAINTENANCE	$143,645	$95,763	$95,763	($0)			
AQUATIC CONTROL MAINTENANCE	$98,000	$65,333	$65,333	$0			
AQUATIC MIDGE MANAGEMENT			s152;aoo	$101,867	$94,000	$7,867			
R&M DRAINAGE	$3,000	$2,000	$0	$2,000			
R&MMULCH	$4,500	$3,000	$0	$3,000			
R&M PLANT REPLACEMENT	$4,060	$2,706	$0	$2,706			
STORM STRUCTURES REPAIRS	$0	$0	$3,872	($3,872)			
CONTINGENCY	$14,589	$9,726	$6,473	$3,252			
CAPITAL OUTLAY	$0	$0	$17,347	($17,347)			
TOTAL EXPENDITURES								
		$612,033	$411,966	$457,355	($45,389)			
EXCESS REVENUES (EXPENDITURES)	$0		$116,436				
FUND BALANCE -BEGINNING	$0		$362,265				
FUND BALANCE -ENDING	$0		$478,701				

2

Poinciana

COMMUNITY DEVELOPMENT DISTRICT

· SERIES 2012A-1 & A-2

DEBT SERVICE FUND

Statement of Revenues & Expenditures

For The Period Ending May 31, 2018

					ADOPTED	PRORATED BUDGET	ACTUAL			
	REVENUES:				BUDGET	THRU 5/31/18	THRU 5/31/18	VARIANCE		
										
ASSESSMENTS - TAX COLLECTOR	$1,333,839	$1,333,839	$1,331,093	($2,746)		
ASSESSMENTS - DIRECT BILLED	$382,908	$382,908	$191,454	($191,454)		
	INTEREST	$500	$333	$2,497	$2,164		
TOTAL REVENUES							
		$1,717,247	$1,717,080	$1,525,044	($192,037)		
EXPENDITURES:								
ADMINISTRATIVE	$28,380	$0	$0	$0		
	PROPERTY APPRAISER						
SERIES 2012A-1	$218,550	$218,550	$218,550	$0		
	INTEREST -11/1						
PRINCIPAL-11/1	$580,000	$580,000	$580,000	$0		
INTEREST -05/1	$218,550	$218,550	$218,550	$0		
SERIES 2012A·2	$168,781	$168,781	$168,781	$0		
	INTEREST -11/1						
	PRINCIPAL-11/1	$270,000	$270,000	$270,000	$0		
	INTEREST· 05/1	$168,781	$168,781	$168,781	$0		
SPEOAL CALL- 05/1	$0	$0	$20,000	($20,000)		
TOTAL EX PEN DITU RES						
		$1,653,043	$1,624,663	$1,644,663	($20,000)		
	EXCESS REVENUES (EXPENDITURES)	$64,205		($119,619)			
FUND BALANCE - BEGINNING	$1,572,963		$1,398,373			
	FUND BALANCE - ENDING	$1,637,168		$1,278,754			

3

l ! M ! ! l f i l ;

ASSESSMENTS - TAX COllfCTOR ASSESSMENTS - DIRECT BILLED ASSESSMENTS - DEVELOPER INTEREST

TOTAL REVENUES

EXPENDITURES:

ADMINJS1RATIV£·
SUPERVISOR FEES FICA EXPENSE
ENGINEERING

ATTORNEY

ARBITRAGE

DISSEMINATION

ANNUAL AUDIT

TRUSTEE FEES

ASSESSMENT AOMINlSTRATION

MANAGEMENT FEES

INFORMATION TEOINOlOGY TElfPHONE

POSTAGE

PRINTING & BINDING INSURANCE

LEGAL ADVERTISING

OTHER aJRRENT CHARGES

OFFICE SUPPLIES

PROPERTY APPRAISER

DUES, UCENSES & SUBSCRIPTklNS

FIEID:

FIELD MANAGEMENT ELECTRIC
LANDSCAPE MAINTENANCE AQUATIC CONTROL MAINTENANCE AQUATIC MIDGE MANAGEMENT R&M DRAINAGE

R&MMULCH

R&M PLANT REPlACEMENT STORM STRUCTURES REPAIRS CONTINGENCY

CAPITAL OUTLAY

TOTAL EX NDITURES

EXCESS REVENUES/(EXPENOITURES)

I

I

I

Poinciana

Community Development District

Oct	Nov	Dec	Jan	Feli	Ma,		Mai			Jul		A!5	sec,t	Total		
						Ap,		Jun								
$3	$37,172	$363,081	$22,331	S9,6SS	$4,019	$12,533	$3,015	so		so		so	so	$451,809		
$35,$37	so	$ 0	$0	$ 0	so	$ 0	$0	$0		$0		so	so	$35,537		
$84,960	so	$ 0	$0	$ 0	$0	$ 0	$0	so		$0		$ 0		$0	$84,960		
$111	$123	$289	$326	$170	$170	$151	$144	so		$ 0		s o	so	$1,484		
Jno,611	S371295	$363,370	$22,657	S9,82S	S4,189	h2,684	$3,1S9	so		Iii		s o			ss13,790 I		
														$0			
$2,000	$800	$1,600	$800	$1,400	$400	$1,400	$1,000	$0		so		$ 0		so	$9,400		
$153	$61	$122	$61	$107	$31	$107	$77	so		so	so	s o	so	$719		
$1,225	$2,322	$2,315	$7,143	$5,511	$2,706	$4,752	$2,249	so		so		$ 0		so	$28,223		
$3,720	$7,469	$6,104	$&,415	$9,150	$3,843	$S,440	$ 0	$ 0				$ 0		so	$44,142		
so.	$0	$0	$ 0	$ 0	so	$ 0	$450	so		so		s o	so	$450		
so	ss.ooo	so	$82	$417	$417	$417	$417	so		$0		so	$0	$6,749		
$0	so	$0	$0	$ 0	$0	s o	so	$0		$0		so	$0	$0		
S3,391	so	so	$0	$ 0	so	$6,381	$0	so		s o		$0		so	S9,772		
so	so	$ B O	so	$ 0	so	SlOO	so	so		$ 0		$ 0		$0	$230		
$4,612	$4,612	$4,612	$5,531	$3,750	$3,7SO	S3,750	$3,750	$0		$ 0		s o	so	$34,366		
so	so	so	$25	$424	$125	$125	$125	$0		s o		so	so	$824		
so	so	so	so	so	so	$ t s	so	so		s o		so	so	$15		
$119	$109	$3,356	$293	$2	$189	S283	S207	so		$ 0		so	$ 0	$4,560		
$69	$1,105	$677	so	$24	$137	$59	$127	so		$0		so	$0	$2,196		
$14,151	so	so	so	s o	so	so	so	so		so		$ 0		So	$14,151		
SS90	$5,699	$432	$735	$258	S2SB	S286	$497	so		so		$ 0		so	$8,754		
$0	so	so	so	$70	so	so	$57	$ 0		$0		so	so	S127		
so	$88	$39	$0	$ 0	$21	$18	$18	so		$0		so	$0	$184		
so	so	so	so	so	so	so	so	so		so		so	so	$0		
so	so	$175	so	so	so	so	so	so		so		so	so	$175		
Sl,167	$1,167	$1,167	$1,302	$833	$833	$833	$833	$0		$ 0		$0		so	$8,136		
$133	$166	$146	$144	$161	$142	$137	$363	so		$0		$0		so	$1,392		
$11,970	$11,97D	$11,970	$11,970	$11,970	$11,970	$11,970	$11,970	so		$0		$0		so	$95,763		
$8,167	$8,167	$8,167	$8,167	$8,167	$8,167	$8,167	$8,167	so		$0		so	so	$65,333		
$11,750	$11,750	$11,750	$11,7SO	$11,750	$11,750	Sll,750	$11,750	so	so	$0		so	$0	$94,000		
so	so	so	so	so	so	so	so	so		so		so	so	$0		
so	so	so	so	so	$0	$0	$0			so		so	so	$ 0		
so	$0	$ 0	so	$0	so	so	so	so		so		so	so	so		
so	$0	so	$0	$0	so	$0	$3,872	so		so		$0		so	$3,872		
$0	$248	$ 0	$0	$1,500	$1,995	$2,730	$ 0	$0		$0		$ 0		$0	$6,473		
$0	so	$ 0	$ 0	$ 0	$13,485	$0	$3,862	$0		$0		$0		$0	$17,347		
			$56,420			sss,no				$0							
$63,217	$60,733	$52,761		$55,495	$60,218		$49<791	$0				$0		$0	$457,3ss 1		
$57,393	($23.438I	$310,609	($33,7631	($45,670I	($56,0291	($46,0351	($46,632)	so		$ 0		$ 0		$ 0	$116,4361		

4

Poinciana
COMMUNITY DEVELOPMENT DISTRICT

													SPECIAL ASSESSMENTS FY2018 RECEIPTS															
																				MAINTENANCE																		
																														GROSS ASSESSMENTS	$		481,380.30			
																														CERTIFIED NET ASSESSMENTS	$		452,497.48			
	CHECK			GROSS ASSESSMENTS										COMMISSIONS			INTEREST		NET ASSESSMENTS			100%				
																							GENERAL				
																											
DATE	NO								RECEIVED		DISCOUNTS			PAID			INCOME				RECEIVED					FUND			
10/27 /17  i	ACH		I	-					-				s	-																			
		$					$								$	2.75												2.75			
																	$	2.75		$								
11/15/17	ACH	$		6,651.92		$	266.20			$	127.71		$		-	$	6,258.01		$								
																					6,258.01			
11/17 /17	ACH	$		23,886.44		$	955.90			$	458.61		$		-		$	22,471.93		$		22,471.93			
11/22/17	ACH	$				9 076.47		$	461.90			$		172.29		$		-	$	8 442.28		$		8,442.28			
12/6/17	ACH	$		61 379.08		$	2,456.30			$	1,178.46		$		-	$	57 744.32		$		57,744.32			
12/13/17	ACH	$		99 515.15															$		-	$												
						$	3,982.06			$	1 910.66						93,622.43		$		93,622.43			
12/20/17	ACH	$				225,038.98		$	9,004.02			$	4 320.70		$		-	$	211,714.26		$			211 714.26			
1116/18	ACH	$				23,229.19		$	696	.65			s	450.65		$		-	$	22 081.89		s	22,081.89			
1/31/18	ACH			s	-		s		-				s		-		s	249.09	$	249.09		s			249.09			
													s	202.00			$						-	$	9,655.48		s	9,655.48			
2/14/15	ACH			$		10,054.53								197.05		$										
3/15/18	ACH	$				4,143.38		s	42.28			$	82.02		$		-		$	4 019.08		s	4,019.08			
4/16/18	ACH	$		12,770.93		s	-				s	255.42		s	-		$	12,515.51		s		12,515.51			
4/27/18	ACH	$		-		s	-				$	-		s	17.39	$		17.39		s.							
																						17.39			
S/15/18	ACH	$		3,076.41		s	-				s		61.53		s	-	$	3 014.88		s		3,014.88			
		$		-		s	-				s		-		s	-			s	-		s		-			
				s	-		s			-				s		-		s	-			s	-		s				-			
																																													
TOTAL COLLECTTD			s	478,822.48		s	18,067.31			$	9,215,10		$		269.23	$	451,809.30		s							
																					451,809.30			
PERCENTAGE COLLECTED																																	100%			
																				DEBT SERVICE																		
																														GROSS ASSESSMENTS	$		1,418,101.63			
																														CERTIFIED NET ASSESSMENTS	$		1,333,015.53			
				GROSS ASSESSMENTS										COMMISSIONS												100%				
DATE	CHECK					DISCOUNTS				INTEREST		NET ASSESSMENTS				DEBT SERVICE		
	NO	I				RECEIVED					PAID			INCOME				RECEIVED					FUND		
					-			s	-				s	-		$	7.86			s	7.86		s								
10/27 /17	ACH	$																							7.86			
11/15/17	ACH	$			18,589.71		s	743.52			s	356.92		s	-	$	17,489.27		s		17 489.27			
11/17/17	ACH			s			69 533.51		$	2,781.06			s	1,335.05		s	-	$	65,417.40		s								
																							65,417.40			
11/22/17	ACH		$		25 934.94		$	1,318.98			$	492.32		s	-			s	24,123.64		s		24 123.64			
12/6/17	ACH		$						173,296.53		$	6,931.14			$		3,327.31		s	-			s	163 038.08		s		163,038.08			
12/13/17	ACH		$							287,322.02		$	11 490.60			$	5 516.63		$		-			s	270 314.79		$				270 314.79			
12/20/17	ACH		$		679,203.64		$	27,161.32			$		13,040.85		$		-	$	639,001.47		$		639,001.47			
1/16/18	ACH		$			69,437.61		$	2,084.50			$		l 347.06	$		-	$	66,006.05		$		66,006.05			
1/31/18	ACH		$			-		$	-				s	-		$	734.99	$	734.99		$		734.99			
2114/18	ACH		$		29.448.23		$	592.18				$	577.12		$		-			s	28 278.93		$			28,278.93			
3/15/18	ACH		$		12,320.38		$		125.78			$		243.89		$		-	$	11 950.71		s	11,950.71			
4/16/18	ACH		$		37 127.74		$	-				$		742.55		s	-			s	36 385.19		$		36,385.19			
4/2 7 /18	ACH			s	-		$	-				s	-		$	50.87	$	50.87		s						
																						50.87			
5/15/18	ACH		$		8,462.51		$	-				$	169.25		$		-			s	8,293.26		s						
																									8,293.26			
				s			-			$	-				s	-		$		-	$	-		s		-			
				s			-		s	-				s	-		$		-		$	-		s		-			
TOTAL COLLECTED			s	1410,676.82		$			S3,229.08	s	27,148.95		$		793.72	$	1,331 092,51		s		1,331,092.Sl		
PERCENTAGE COLLECTED																																	100%			
																			DIRECT BILLED ASSESSMENTS															
AVATAR HOMES																								$453,981.17								$71,073.lS			$382,908.02			
DATE											DUE										NET			AMOUNT				GENERAL					DEBT				
																		CHECK																				
RECEIVED								DATE					NO.		ASSESSED			RECEIVED			s		FUND	s		SERVICE		
10/13/18						12/1/17			44175/44176			S 226,990.57	$ 226,990.57				35,536.57			191,454.00			
							2/1/18												S	113,495.30		$		-			s	-		s	-			
							5/1/18												$	113,495.30		$		-			s	-		$		-			
																								$	453,981.17		$		226,990.57	$	35,536.57		$		191,454.00			

5

SECTION 4

REBATE REPORT

Poinciana

Community Development District

(Polk County, Florida)

$13,285,000 Senior Special Assessment Refunding Bonds

Series 2012A-1

$8,000,000 Subordinate Special Assessment Refunding Bonds

Series 2012A-2

Dated: April 19, 2012
Delivered: April 19, 2012

Rebate Report to the Computation Date
April 18, 2022
Reflecting Activity To

April 30, 2018

i■■■i

AMTEC

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary ofRebate Computations	4	
Summary ofComputational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof ofArbitrage Yield	9	
Bond Debt Service - Series 2012A-1	11	
Bond Debt Service - Series 2012A-1	12	
Arbitrage Rebate Calculation Detail Report- Cost ofIssuance Account	13	
Arbitrage Rebate Calculation Detail Report- A-1 Debt Service Reserve Fund	14	
Arbitrage Rebate Calculation Detail Report-A-2 Debt Service Reserve Fund	16	
Arbitrage Rebate Calculation Detail Report- Rebate Computation Credits	18	

ll\AMTEC	(F) 860-321-7581		
			90 Avon Meadow Lane		
			Avon, C T 06001		
-i I .	i-  Amer1can.. M umc1pa.. I Tax-E xemp t C omp I'		(T) 860-321-7521		
		mnce	www.amteccorp.com		

May30,2018

Poinciana Community Development District
c/o Ms. Teresa Viscarra
Governmental Management Services-- CF, LLC
1412 S. Narcoossee Rd.
St Cloud, FL 34771

Re:	Poinciana Community Development District, (Polk County, Florida), $13,285,000 Senior Special Assessment Refunding Bonds, Series 2012A-1& $8,000,000 Subordinate Special Assessment Refunding Bonds, Series 2012A-2

Dear Ms. Viscarra:

AMTEC has prepared certain computations relating to the above referenced bond issue (the "Bonds") at the request ofPoinciana Community Development District (the "District").

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 ofthe Internal Revenue Code of 1954, Section 148(±) of the Internal Revenue Code of 1986 (the "Code"), as amended, and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations

and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of

such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of April 30, 2019. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

	r---r	,.,... "  ;		
		1,		
	yMfvfl- yz,-11.,,-/		
Michael J. Scarfo	j			
	Trang M. Tran		
Senior Vice President	Analyst			

SUMMARY OF REBATE COMPUTATIONS

Our computations, contained in the attached schedules, are summarized as follows:

For the April 18, 2022 Computation Date Reflecting Activity from April 19, 2012 through April 30, 2018

	Fund		Taxable		Net			Rebatable	
Description		Investment Yield		Income			Arbitrage	
Cost of Issuance Account	0.015551%	$	1.58		$   (814.76)	
A-1 Debt Service Reserve Fund		0.080200%	2,579.03		(222,610.48)	
A-2 Debt Service Reserve Fund	0.081059%	1,569.69		(134,029.26)	
			Totals	$4,150.30		$(357,454.50)	
			Summary						
	Bond Yield				5.023224%			
	Taxable fuvestment Yield		0.080395%			
	Rebatable Arbitrage				$(357,454.50)			
	Rebate Computation Credits		(13,664.70)			
		Net Rebatable Arbitrage		$(371,119.20)			

Based upon our computations, no rebate liability exists.

4

SUMMARY OF COMPUTATIONAL INFORMATION
AND DEFINITIONS

COMPUTATIONAL INFORMATION

1.	For the purpose of computing Rebatable Arbitrage, investment activity is reflected from April 19, 2012, the date of the closing, to April 30, 2018, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of April 18, 2022.

2.	Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

3.	For purposes of computing Rebatable Arbitrage, interest earnings and yield, the value of the investments, subject to rebate and outstanding at the end of the Computation Period, was as follows:
	Fund / Account	I	Value		I		Accrued Interest	I	Totals			
	A-1 Debt Service Reserve	I	$535,747.59		I			I				
	--Balance						$ 89.29		$535,836.88			
	A-2 Debt Service Reserve	I	322.618.04 I		I				
	--Balance			53.77		322,671.81			
		I	$858,365.63	I		$143.06	I	$858,508.69			
	Totals										

4.	For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

5.	Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

6.	During the period between April 19, 2012 and April 30, 2018, the District made periodic payments into the Principal and Interest Accounts, which were used, along with the interest earned, to provide the required debt service payments.

	Under Section 148(±) (4) (A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching ofrevenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1112th of the principal and interest payments on the issue for the immediately preceding bond year.

	We have reviewed the Principal and Interest Accounts and have detennined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

5

7.	The Bonds were issued, in part, for the purposes of refunding a portion o f the District's Special Assessment Bonds, Series 2000A (the "Refunded Bonds"), as follows:

	Principal		Principal	Maturities	Redemption	Redemption	
Issue	Issued	Dated	Refunded	Refunded	Date	Price	
2000A	$27,315,000	4/25/00	$22,420,000	5/1/13 to 5/1/31	5/1/12	100'%	

For the purpose of computing Rebatable Arbitrage, a portion of the remaining proceeds of the Refunded Bonds, equal to the percentage of the principal refunded by the Bonds divided by the outstanding principal of the Refunded Bonds immediately prior to the redemption date, transferred to the Bonds on May 1, 2012, subject to rebate at the yield ofthe Bonds.

DEFINITIONS

8.	Computation Date

	April 18, 2022.

9.	Computation Period

The period beginning on April 19, 2012, the date ofthe closing, and ending on April 30, 2018.

10. Bond Year

Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. Ifno day is selected by the Issuer before the earlier

of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close ofbusiness on the anniversary date ofissuance.

11. Bond Yield

The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as ofthe date ofissue ofthe Bonds.

12. Taxable Investment Yield

The discount rate that, when used in computing the present value of all receipts of principal, interest and qualified guarantee fees to be received on an investment during the Computation Period, produces an

amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

13. Issue Price

The price detennined on the basis of the initial offering price to the public at which price a substantial amount of the Bonds were sold.

6

14. Rebatable Arbitrage

The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

15. Funds and Accounts

The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

	Fund/ Account Name	Account Number	
	A-1 Interest	159486000		
	General Redemption	159486001		
	Cost oflssuance	159486002		
	Revenue	159486003		
	A-1 Sinking	159486004		
	A-1 Debt Service Reserve	159486005		
	A-1 Principal	159486006		
	A-1 BondRedemption	159486007		
	A-2 Interest	159486008		
	A-2 Sinking	159486010		
	A-2 Debt Service Reserve	159486011		
	A-2 Principal	159486012		
	A-2 Bond Redemption	159486013		
	Escrow	Refunding Verification		

METHODOLOGY

Bond Yield

The methodology used to calculate the bond yield was to determine the discount rate that produces the present value ofall payments ofprincipal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount

The methodology used to calculate the Rebatable Arbitrage as of April 30, 2018, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to April 18, 2022. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on April 18, 2022, is the Rebatable Arbitrage.

7

Poinciana Community Development District
(Polle County, Florida)
$13,285,000 Senior Special Assessment Refunding Bonds, Series 2012A-1
$8,000,000 Subordinate Special Assessment Refunding Bonds, Series 2012A-2

Delivered: April 19, 2012

SOURCES		Series 2012A-1		Series 2012A-2		Totals		
Par Amount	$13,285,000.00	$8,000,000.00		$21,285,000.00		
Original Issue Discount	-135,643.85	-277,921.80		-413,565.65		
From Series 2000A Bonds	3,394,937.50	1,981,984.52			SJ76,922.02		
Totals										
		$16,544,293.65	$9,704,062.72		$26,248,356.37		
USES		Series 2012A-1		Series 2012A-2			Totals		
Escrow Account	$14,995,850.00	$8,782,100.00		$23,777,950.00		
Revenue Account	659,715.17	386,352.53		1,046,067.70		
Debt Service Reserve Fund	535,747.59	322,618.04		858,365.63		
Underwriter's Discount	199,275.00	120,000.00		319,275.00		
Cost of Issuance Account		153,705.89		92,992.15			246,698.04		
Totals	$16,544,293.65	$9,704,062.72		$26,248,356.37		

8

PROOF OF ARBITRAGE YIELD

Poinciana Community Development District
(Polk County, Florida)
$13,285,000 Senior Special Assessment Refunding Bonds, Series 20l2A-l $8,000,000 Subordinate Special Assessment Refunding Bonds, Series 20 l 2A-2

		Sinking Fund			Present Value		
Date	Debt Service		Total	to 04/19/2012		
		Adjustments		@ 5.0232242%		
								
11/01/2012	517,891.34	-3,689.93	517,891.34	504,367.83		
05/01/2013	1,235,523.13		1,231,833.20	1,170,274.05		
11/01/2013	474,646.88		474,646.88	439,879.01		
05/01/2014	1,249,646.88	-3,530.12	1,246,116.76	1,126,544.31		
11/01/2014	461,881.25	-3,297.36	461,881.25	407,330.39		
05/01/2015	1,261,881.25		I ,258,583.89	1,082,743.50		
11/01/2015	448,243.75	-2,985.66	448,243.75	376,170.38		
05/01/2016	1,278,243.75		1,275,258.09	1,043,987.69		
11/01/2016	433,318.75	-2,632.46	433,318.75	346,044.31		
05/01/2017	1,298,318.75		I ,295,686.29	1,009,371.47		
11/01/2017	416,925.00	-2.133.08	416,925.00	316,837.10		
05/01/2018	1,311,925.00		1,309,791.92	970,973.42		
11/01/2018	399,168.75	-1,556,58	399,168.75	288,661.26		
05/01/2019	1,334,168.75		1,332,612.17	940,075.39		
l l/01/2019	379,787.50	-849.13	379,787.50	261,352.41		
05/01/2020	1,354,787.50		1,353,938.37	908,890.74		
11/01/2020	358,731.25		358,731.25	234,914.02		
05/01/2021	1,378,731.25		1,378,731.25	880,737.07		
l 1/01/2021	335,856.25	-10,819.01	335,856.25	209,289.30		
05/01/2022	1,405,856.25		1,395,037.24	848,020.46		
l 1/01/2022	310,875.00	-10,391.76	310,875.00	184,345.81		
05/01/2023	1,425,875.00		1,415,483.24	818,802.45		
11/01/2023	284,375.00	-10,029.21	284,375.00	160,469.59		
05/01/2024	1,459,375.00		1,449,345.79	797,811.49		
I 1/01/2024	255,468.75	-9,344.36	255,468.75	137,180.69		
05/01/2025	1,485,468.75		1,476,124.39	773,223.61		
I 1/01/2025	224,703.13	-8,528.20	224,703.13	114,820.18		
05/01/2026	1,519,703.13		1,511,174.93	753,270.16		
l 1/01/2026	192,271.88	-7,448.08	192,271.88	93,492.92		
05/01/2027	1,552,271.88		1,544,823.80	732,771.97		
I 1/01/2027	158,175.00	-6,134.85	158,175.00	73,190.49		
05/01/2028	1,588,175.00		1,582,040.15	714,103.68		
l 1/01/2028	121,725.00	-4,476.25	121,725.00	53,598.23		
05/01/2029	1,626,725.00		1,622,248.75	696,811.15		
I 1/01/2029	83,325.00	-2,461.23	83,325.00	34,914.02		
05/01/2030	1,673,325.00		1,670,863.77	682,955.74		
l 1/01/2030	42,712.50		42,712.50	17,030.74		
05/01/203 I	l,712,712.50		1,712,712.50	666,177.34		
	33,052,795.75	-90,307.27	32,962,488.48	20,871,434.35		

		Proceeds Summary		
	Delivery		Premium		
Series	Date	Par Value	(Discount)	Yield Target	
						
2012Al	04/19/2012	13,285,000.00	-135,643.85	13,149,356.15	

9

PROOF OF ARBITRAGE YIELD

Poinciana Community Development District
(Polk County, Florida)

$13,285,000 Senior Special Assessment Refunding Bonds, Series 2012A-1 $8,000,000 Subordinate Special Assessment Refunding Bonds, Series 20 I 2A-2

			Proceeds Summary		
	Delivery			Premium		
Series	Date	Par Value		(Discount)	Yield Target	
								
2012A2	04/19/2012	8,000,000.00	-277,921.80	7,722,078.20	
							
			21,285,000.00	-413,565.65	20,871,434.35	

Yields for Sinking Fund Adjustments

Term Bond	Yield		
Maturing			
05/01/2021	6.0000071%		
05/01/2031	6.3999987%		

10

BOND DEBT SERVICE

Poinciana Community Development District
(Polk County, Florida)
$13,285,000 Senior Special Assessment Refunding Bonds, Series 2012A-l $8,000,000 Subordinate Special Assessment Refunding Bonds, Series 2012A-2

			Dated Date	04/19/2012				
			Delivery Date	04/19/2012				
Period	Principal	Coupon	Interest	Debt Service	Annual		
Ending					Debt Service		
								
11/01/2012				265,504.67	265,504.67			
05/01/2013		515,000	1.600%	248,910.63	763,910.63	1,029,415.30		
11/01/2013		525,000	2.125%	244,790.63	244,790.63	1,014,581.26		
05/01/2014				244,790.63	769,790.63			
11/01/2014				239,212.50	239,212.50			
05/01/2015		535,000	2.250%	239,212.50	774,212.50	1,013,425.00		
11/01/2015				233,193.75	233,193.75			
05/01/2016		550,000	2.500%	233,193.75	783,193.75	1,016,387.50		
11/01/2016				226,318.75	226,318.75			
05/01/2017		565,000	2.750%	226,318.75	791,318.75	1,017,637.50		
11/01/2017		580,000	3.000%	218,550.00	218,550.00	1,017,100.00		
05/01/2018				218,550.00	798,550.00			
11/01/2018				209,850.00	209,850.00			
05/01/2019		600,000	3.250%	209,850.00	809,850.00	1,019,700.00		
11/01/2019		620,000	3.500%	200,100.00	200,100.00	1,020,200.00		
05/01/2020				200,100.00	820,100.00			
11/01/2020		645,000	3.750%	189,250.00	189,250.00	1,023,500.00		
05/01/2021				189,250.00	834,250.00			
11/01/2021				177,156.25	177,156.25			
05/01/2022		670,000	3.875%	177,156.25	847,156.25	1,024,312.50		
11/01/2022				164,175.00	164,175.00			
05/01/2023		695,000	4.000%	164,175.00	859,175.00	1,023,350.00		
11/01/2023		725,000	4.250%	150,275.00	150,275.00	1,025,550.00		
05/01/2024				150,275.00	875,275.00			
11/01/2024		755,000	4.375%	134,868.75	134,868.75	1,024,737.50		
05/01/2025				134,868.75	889,868.75			
I 1/01/2025			118,353.13	118,353.13			
05/01/2026		790,000	4.375%-	118,353.13	908,353.13	1,026,706.26		
11/01/2026				101,071.88	101,071.88			
05/01/2027		825,000	4.375%	101,071.88	926,071.88	1,027,143.76		
I 1/01/2027	860,000	4.500%	83,025.00	83,025.00	1,026,050.00		
05/01/2028				83,025.00	943,025.00			
11/01/2028				63,675.00	63,675.00			
05/01/2029		900,000	4.500%	63,675.00	963,675.00	1,027,350.00		
I 1/01/2029	945,000	4.500%	43,425.00	43,425.00	1,031,850.00		
05/01/2030				43,425.00	988,425.00			
11/01/2030				22,162.50	22,162.50			
05/01/2031		985,000	4.500%	22,162.50	1,007,162.50	1,029,325.00		
		13,285,000		6,153,321.58	19,438,321.58	19,438,321.58		

11

BOND DEBT SERVICE

Poinciana Community Development District
(Polk County, Florida)
$13,285,000 Senior Special Assessment Refunding Bonds, Series 20 l 2A- 1 $8,000,000 Subordinate Special Assessment Refunding Bonds, Series 2012A-2

		Dated Date	04/19/2012				
		Delivery Date	04/19/2012				
Period	Principal	Coupon	Interest	Debt Service	Annual		
Ending					Debt Service		
11/01/2012			252,386.67	252,386.67			
05/01/2013	235,000	5.750%	236,612.50	471,612.50	723,999.17		
11/01/2013			229,856.25	229,856.25			
05/01/2014	250,000	5.750%	229,856.25	479,856.25	709,712.50		
11/01/2014			222,668.75	222,668.75			
05/01/2015	265,000	5.750%	222,668.75	487,668.75	710,337.50		
l l/01/2015			215,050.00	215,050.00			
05/01/2016	280,000	5.750%	215,050.00	495,050.00	710,100.00		
11/01/2016	300,000	5.750%	207,000.00	207,000.00	714,000.00		
05/01/2017			207,000.00	507,000.00			
11/01/2017			198,375.00	198,375.00			
05/01/2018	315,000	5.750%	198,375.00	513,375.00	711,750.00		
11/01/2018			189,318.75	189,318.75			
05/01/2019	335,000	5.750%	189,318.75	524,318.75	713,637.50		
11/01/2019	355,000	5.750%	179,687.50	179,687.50	714,375.00		
05/01/2020			179,687.50	534,687.50			
11/01/2020			169,481.25	169,481.25			
05/01/2021	375,000	5.750%	169,481.25	544,481.25	713,962.50		
11/01/2021			158,700.00	158,700.00			
05/01/2022	400,000	6.000%	158,700.00	558,700.00	717,400.00		
11/01/2022			146,700.00	146,700.00			
05/01/2023	420,000	6.000%	146,700.00	566,700.00	713,400.00		
11/01/2023			134,100.00	134,100.00			
05/01/2024	450,000	6.000%	134,100.00	584,100.00	718,200.00		
11/01/2024			120,600.00	120,600.00			
05/01/2025	475,000	6.000%	120,600.00	595,600.00	716,200.00		
11/01/2025			106,350.00	106,350.00			
05/01/2026	505,000	6.000%	106,350.00	611,350.00	717,700.00		
11/01/2026			91,200.00	91,200.00			
05/01/2027	535,000	6.000%	91,200.00	626,200.00	717,400.00		
11/01/2027			75,150.00	75,150.00			
05/01/2028	570,000	6.000%	75,150.00	645,150.00	720,300.00		
11/01/2028	605,000	6.000%	58,050.00	58,050.00	721,100.00		
05/01/2029			58,050.00	663,050.00			
11/01/2029			39,900.00	39,900.00			
05/01/2030	645,000	6.000%	39,900.00	684,900.00	724,800.00		
11/01/2030			20,550.00	20,550.00			
05/01/2031	685,000	6.000%	20,550.00	705,550.00	726,100.00		
	8,000,000		5,614,474.17	13,614,474.17	13,614,474.17		

12

	Poinciana Community Development	District			
	(Polk	County,	Florida)		2012A-1		
$13,285,000 Senior Special Assessment	Refunding Bonds,  Series			
$8,000,000	Subordinate Special Assessment Refunding Bonds,  Series 2012A-2		
	Cost of	Issuance Account				
	ARBITRAGE	REBATE	CALCULATION			
	DETAIL REPORT				
		RECEIPTS	FUTURE VALUE	@		
DATE	DESCRIPTION		BOND YIELD	OF		
		(PAYMENTS)	(5. 023224%)		
04/19/12	Beg Bal	-246,698.04.	-405,104.54		
04/19/12		1,750.00	2,873.69		
04/19/12		20,000.00	32,842.14		
04/19/12		6,500.00	10,673.69		
04/19/12		87,000.00	142,863.30		
04/19/12		44,871.93	73,684.50		
04/20/12		7,049.13	11,573.83		
05/01/12		10,175.30	16,681.32		
05/01/12		10,000.00	16,393.94		
05/08/12		3,375.11	5,527.80		
05/25/12		5,478.00	8,950.94		
05/25/12		14,838.41	24,245.67		
05/25/12		4,923.00	8,044.08		
05/25/12		20,013.00	32,700.85		
06/04/12		2,660.00	4,341.00		
06/14/12		2,335.95	3,806.92		
07/05/12		1,747.14	2,839.10		
07/25/12		1,400.00	2,268.74		
08/03/12			193,75	313. 63		
09/03/13		2,388.87	3,664.61		
09/05/13			0.03	0.05		
04/18/22	TOTALS:		1. 58	-814.76		

SSUE	DATE:	04/19/12	REBATABLE ARBITRAGE:	-814.76	
COMP		DATE:	04/18/22	NET	INCOME:	1.58	
BOND	YIELD:	5.023224%	TAX	INV YIELD:	0.015551%	

13

		Poinciana Community Development	District					
	$13,285,000 Senior	(Polk County,	Florida)			2012A-1			
		Special Assessment	Refunding Bonds,  Series				
$8,000,000 Subordinate Special Assessment Refunding Bonds,	Series 2012A-2			
			Debt Service Reserve Fund A-1					
			ARBITRAGE REBATE	CALCULATION					
			DETAIL REPORT						
			RECEIPTS			ADJUSTED	FUTURE VALUE@		
DATE	DESCRIPTION		%		RECEIPTS	BOND YIELD OF		
		(PAYMENTS)			(PAYMENTS)	(5.023224%)		
04/19/12	Beg Bal	-535,747.59	0.00	0.00	0.00		
05/01/12	MMkt	Bal	-535,750.41	100.00	-535,750.41	-878,305.74		
05/01/12	MMkt	Ace	-0.29	100.00	-0.29	-0.48		
05/02/12			2.82	100.00	2.82	4.	62		
06/04/12			7.29	100.00	7.29	11.	90		
07/03/12			7.06	100.00	7.06	11. 48		
08/02/12			7.29	100.00	7.29	11.80		
09/05/12			7.29	100.00	7.29	11. 75		
10/02/12			7.06	100.00	7.06	11.34		
11/02/12			7 .29	100.00	7.29	11. 66		
12/04/12			7.06	100.00	7.06	11.24		
01/03/13			7 .29	100.00	7.29	11. 56		
02/04/13			7.29	100.00	7.29	11.51		
03/04/13			6.59	100.00	6.59	10.36		
04/02/13			7 .29	100.00	7 .29	11.42		
05/02/13			7.06	100.00	7.06	11.01		
06/04/13			15.94	100.00	15.94	24.75		
07/02/13			17.86	100.00	17.86	27.63		
08/02/13			18.45	100.00	18.45	28.42		
09/04/13			18.45	100.00	18.45	28.30		
10/02/13			17.86	100.00	17.86	27.29		
11/04/13			18.45	100.00	18.45	28.07		
12/03/13			17.86	100.00	17 .86	27.06		
01/03/14			18.45	100.00	18.45	27.84		
02/04/14			18.45	100.00	18.45	27. 72		
03/04/14			16.67	100.00	16.67	24.94		
04/02/14			18.45	100.00	18.45	27 .50		
05/02/14			17. 86	100.00	17 .86	26.51		
06/03/14			18.45	100.00	18.45	27.27		
07/02/14			17.86	100.00	17.86	26.29		
08/04/14			18.45	100.00	18.45	27.04		
09/03/14			18.45	100.00	18.45	26.93		
10/02/14			17.86	100.00	17.86	25. 97		
11/04/14			18.45	100.00	18.45	26. 71		
12/02/14			17.86	100.00	17.86	25.75		
01/05/15			18.45	100.00	18.45	26. 48		
02/03/15			18.45	100.00	18.45	26.38		
03/03/15			16.67	100.00	16.67	23. 74		
04/02/15			18.45	100.00	18.45	26.17		
05/04/15			17.86	100.00	17.86	25.22		
06/02/15			18.45	100.00	18.45	25. 95		
07/02/15			17.86	100.00	17.86	25.02		
08/04/15			18.45	100.00	18.45	25.73		
09/02/15			18.45	100.00	18.45	25.63		
10/02/15			17.86	100.00	17.86	24. 71		
11/03/15			18.45	100.00	18.45	25.42		
12/02/15			17.86	100.00	17.86	24.51		
01/05/16			18.45	100.00	18.45	25.20		

14

	Poinciana Community Development	District			
	$13,285,000 Senior	(Polk County,	Florida)		2012A-l		
		Special Assessment	Refunding Bonds,  Series			
$8,000,000 Subordinate Special Assessment Refunding Bonds,  Series 2012A-2		
		Debt Service Reserve Fund A-1			
		ARBITRAGE REBATE	CALCULATION			
		DETAIL REPORT				
		RECEIPTS			ADJUSTED	FUTURE VALUE@		
DATE	DESCRIPTION		%		RECEIPTS	BOND YIELD OF		
		(PAYMENTS)			(PAYMENTS)	(5. 023224%)		
02/02/16		43.46	100.00	43.46	59.14		
03/02/16		43.16	100.00	43.16	58.49		
04/04/16		46.13	100.00	46.13	62.24		
05/03/16		44.65	100.00	44.65	60.01		
06/02/16		46.14	100.00	46.14	61. 76		
07/05/16		44.65	100.00	44.65	59.50		
08/02/16		46.13	100.00	46.13	61.24		
09/02/16		46.13	100.00	46.13	60.99		
10/04/16		44.65	100.00	44.65	58. 77		
11/02/16		46.14	100.00	46.14	60.50		
12/02/16		44.65	100.00	44.65	58.30		
01/04/17		46.13	100.00	46.13	59.97		
02/02/17		67. 72	100.00	67. 72	87.70		
03/02/17		62.50	100.00	62.50	80.61		
04/03/17		69.20	100.00	69.20	88.87		
05/02/17		87.80	100.00	87.80	112. 30		
06/02/17		92.27	100.00	92.27	117. 53		
07/05/17		89.29	100.00	89.29	113.22		
08/02/17		92.26	100.00	92.26	116. 55		
09/05/17		92.27	100.00	92.27	116.04		
10/03/17		89.29	100.00	89.29	111. 86		
11/02/17		92.27	100.00	92.27	115 .13		
12/04/17		89.29	100.00	89.29	110. 92		
01/03/18		92.27	100.00	92.27	114 .16		
02/02/18		92.27	100.00	92.27	113. 71		
03/02/18		83.34	100.00	83.34	102.28		
04/03/18	DSRF A-1 Bal	92.27	100.00	92.27	112. 76		
04/30/18		535,747.59	100.00	535,747.59	652,268.68		
04/30/18	DSRF A-1 Ace	89.29	100.00	89.29	108. 71		
04/18/22	TOTALS:	-533,168.56			2,579.03	-222,610.48		

ISSUE	DATE:	04/19/12	REBATABLE ARBITRAGE:	-222,610.48	
COMP		DATE:	04/18/22	NET	INCOME:	2,579.03	
BOND	YIELD:	5.023224%	TAX	INV YIELD:	0.080200%	

15

		Poinciana Community Development	District			
	$13,285,000 Senior	(Polk County,	Florida)		2012A-l		
		Special Assessment	Refunding Bonds,  Series			
$8,000,000 Subordinate Special Assessment Refunding Bonds,  Series 2012A-2		
			Debt Service Reserve Fund A-2			
			ARBITRAGE REBATE	CALCULATION			
			DETAIL REPORT				
			RECEIPTS			ADJUSTED	FUTURE VALUE@		
DATE	DESCRIPTION		%		RECEIPTS	BOND YIELD OF		
		(PAYMENTS)			(PAYMENTS)	(5. 023224%)		
04/19/12	Beg	Bal	-322,618.04	0.00	0.00	0.00		
05/01/12	MMkt	Bal	-322,619.74	100.00	-322,619.74	-528,900.71		
05/01/12	MMkt	Ace	-0.18	100.00	-0.18	-0.30		
05/02/12			1. 70	100.00	1. 70	2.79		
06/04/12			4.39	100.00	4.39	7.16		
07/03/12			4.25	100.00	4.25	6.91		
08/02/12			4.39	100.00	4.39	7 .11		
09/05/12			4.39	100.00	4.39	7.07		
10/02/12			4.25	100.00	4.25	6.82		
11/02/12			4.39	100.00	4.39	7.02		
12/04/12			4.25	100.00	4.25	6.77		
01/03/13			4.39	100.00	4.39	6.96		
02/04/13			4. 39	100.00	4.39	6.93		
03/04/13			3.97	100.00	3.97	6.24		
04/02/13			4.39	100.00	4.39	6.88		
05/02/13			4.25	100.00	4.25	6.63		
06/04/13			9.59	100.00	9.59	14.89		
07/02/13			10.75	100.00	10.75	16.63		
08/02/13			11.11	100.00	11.11	17.12		
09/04/13			11.11	100.00	11.11	17.04		
10/02/13			10.75	100.00	10.75	16.43		
11/04/13			11.11	100.00	11.11	16.90		
12/03/13			10.75	100.00	10.75	16.29		
01/03/14			11.11	100.00	11.11	16.76		
02/04/14			11.11	100.00	11.11	16.69		
03/04/14			10.04	100.00	10 .04	15.02		
04/02/14			11.11	100.00	11.11	16.56		
05/02/14			10.75	100.00	10.75	15. 96		
06/03/14			11.11	100.00	11.11	16. 42		
07/02/14			10.75	100.00	10.75	15.83		
08/04/14			11.11	100.00	11.11	16.28		
09/03/14			11.11	100.00	11.11	16.22		
10/02/14			10.75	100.00	10.75	15.63		
11/04/14			11.11	100.00	11.11	16.08		
12/02/14			10.75	100.00	10.75	15.50		
01/05/15			11.11	100.00	11.11	15.95		
02/03/15			11.11	100.00	11.11	15.89		
03/03/15			10.04	100.00	10.04	14.30		
04/02/15			11.11	100.00	11.11	15.76		
05/04/15			10.75	100.00	10.75	15.18		
06/02/15			11.11	100.00	11.11	15.63		
07/02/15			10.75	100.00	10.75	15.06		
08/04/15			13.89	100.00	13.89	19.37		
09/02/15			13.89	100.00	13. 89	19.30		
10/02/15			13.44	100.00	13.44	18.60		
11/03/15			13.89	100.00	13. 89	19.14		
12/02/15			13.44	100.00	13.44	18.44		
01/05/16			13.89	100.00	13.89	18. 97		

16

	Poinciana Community Development	District			
	$13,285,000 Senior	(Polk County,	Florida)		2012A-l		
		Special Assessment	Refunding Bonds,  Series			
$8,000,000 Subordinate Special Assessment Refunding Bonds,  Series 2012A-2		
		Debt Service Reserve Fund A-2			
		ARBITRAGE REBATE	CALCULATION			
		DETAIL REPORT				
		RECEIPTS			ADJUSTED	FUTURE VALUE@		
DATE	DESCRIPTION		%		RECEIPTS	BOND YIELD OF		
		(PAYMENTS)			(PAYMENTS)	(5.023224%)		
02/02/16		26.43	100.00	26. 43	35.97		
03/02/16		25.99	100.00	25.99	35.22		
04/04/16		27.78	100.00	27.78	37.48		
05/03/16		26. 88	100.00	26.88	36 .13		
06/02/16		27.78	100.00	27.78	37.19		
07/05/16		26. 88	100.00	26.88	35.82		
08/02/16		27.78	100.00	27.78	36.88		
09/02/16		27.78	100.00	27.78	36.73		
10/04/16		26.88	100.00	26.88	35.38		
11/02/16		27.78	100.00	27.78	36.42		
12/02/16		26.88	100.00	26.88	35.10		
01/04/17		27.78	100.00	27.78	36.11		
02/02/17		40.77	100.00	40.77	52.80		
03/02/17		37.64	100.00	37.64	48.54		
04/03/17		41. 67	100.00	41. 67	53.51		
05/02/17		52.88	100.00	52.88	67.64		
06/02/17		55.56	100.00	55.56	70.77		
07/05/17		53.77	100.00	53.77	68.18		
08/02/17		55.56	100.00	55.56	70.19		
09/05/17		55.56	100.00	55.56	69.87		
10/03/17		53.77	100.00	53.77	67.36		
11/02/17		55.56	100.00	55.56	69.32		
12/04/17		53.77	100.00	53.77	66.80		
01/03/18		55.56	100.00	55.56	68.74		
02/02/18		55.56	100.00	55.56	68.47		
03/02/18		50.19	100.00	50.19	61.60		
04/03/18	DSRF A-2 Bal	55.56	100.00	55.56	67.90		
04/30/18		322,618.04	100.00	322,618.04	392,785.05		
04/30/18	DSRF A-2 Ace	53.77	100.00	53.77	65.46		
04/18/22	TOTALS:	-321,048.35			1,569.69	-134, 029 .26		

ISSUE	DATE:	04/19/12	REBATABLE ARBITRAGE:	-134,029.26	
COMP		DATE:	04/18/22	NET	INCOME:	1,569.69	
BOND	YIELD:	5.023224%	TAX	INV YIELD:	0.081059%	

17

	Poinciana Community Development	District		
	(Polk	County,  Florida)			
$13,285,000 Senior Special Assessment Refunding Bonds,  Series 2012A-l		
$8,000,000	Subordinate Special	Assessment Refunding Bonds,  Series 2012A-2		
	Rebate	Computation Credits		
	ARBITRAGE REBATE CALCULATION		
	DETAIL REPORT			
		RECEIPTS	FUTURE VALUE @		
DATE	DESCRIPTION		BOND YIELD OF		
		(PAYMENTS)	(5. 023224%)		
04/18/13		-1,590.00	-2,484.92		
04/18/14		-1,620.00	-2,409.26		
04/18/15		-1,650.00	-2, 335 .11		
04/18/16		-1,650.00	-2,222.09		
04/18/17		-1,670.00	-2,140.16		
04/18/18		-1,700.00	-2,073.16		
04/18/22	TOTALS:	-9,880.00	-13, 664. 70		

ISSUE DATE:	04/19/12	REBATABLE ARBITRAGE:  -13,664.70	
COMP	DATE:	04/18/22		
BOND	YIELD:	5.023224%		

18

SECTION D

.  SECTION 2

Customer Complaint Los Poinciana coo

Date	Resident	Address	Phone#	Complaint	Assi_fl_ned To	Resolution	Date Resolved	
5/15/18 Steve Costa	127 Via San Luca Court	617-797-4701	Bar.e spots on pond bank	Brian Smith	TBD		
5/21/18 Paul Bigley	529 Milano Road	863-427-1937	Pond needs maintained, dead weeds/grass	Brian Smith	TBD		
5/24/18 Steve Costa	127 Via San Luca Court	617-797-4701	RE:. Bare spots on pond bank	Brian Smith	TBD		
6/10/18 Dave Ahrens	2334 Palm Tree Drive	386-216-4261	Low pond levels and midges	Alan Scheerer	TBD		
6/12/18 Gary Berthold	256 Largo Drive	12fil1edmonkey2@gmail.com	Golf cart parking/driving	George Flint/Alan Scheerer TBD