Blackburn Creek Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
www.blackburncreekcdd.com

The meeting of the Board of Supervisors for the Blackburn Creek Community Development District will be held Tuesday, April 14, 2026, at 11:00 a.m. located at 6853 Energy Ct, Lakewood Ranch, FL 34240. The following is the proposed agenda for this meeting.
Call in number: 1-844-621-3956	Passcode: 2538 286 6774 #

BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters
Call to Order
Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters
Consideration of the Minutes of the March 10, 2026, Board of Supervisors Meeting
Update on District Engineer Project:
Map of Responsibility Discussion
Review and Discussion of District Engineer Inspection Report
Consideration of Resolution 2026-03, General Election
Discussion of Potential Town Hall Meeting
Review and Acceptance of the Fiscal Year 2025 Audit Report
Ratification of Payment Authorization Nos. 258-259
Review of District Financial Statements

Other Business
Staff Reports
District Counsel
District Engineer
-	Bank Repair and Eroded Weir Proposals
District Manager
Next Meeting May 12, 2026
District Accountant
Audience Comments
Supervisors Request
Adjournment 

Blackburn Creek Community Development District

Consideration of the Minutes of the March10, 2026, Board of Supervisors Meeting

MINUTES OF MEETING

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Tuesday, March 10, 2026, at 11:00 a.m.
6853 Energy Ct., Lakewood Ranch, FL 34240

Board Members Present via Speaker or in Person:

Kevin Johnson	Assistant Secretary	
Kirk Fegley	Chairperson	
Michael Sprout	Vice Chairperson	
Phil Davis	Assistant Secretary	
James Sverapa	Assistant Secretary	(via phone)	

Also Present via Speaker or in Person:

Venessa Ripoll	District Manager- PFM Group Consulting LLC
Gazmin Kerr	ADM – PFM Group Consulting LLC	(via phone)	
Rick Montejano	Accountant - PFM Group Consulting LLC	(via phone)	
Andy Cohen	District Counsel		
Robert Dvorak	District Engineer - BDI	(via phone)	
Amy Davis	Homeowner		

FIRST ORDER OF BUSINESS	Organizational Matters Call to Order and Roll Call
The Board of Supervisors’ Meeting for the Blackburn Creek CDD was called to order at approximately 11:00 a.m. by Ms. Ripoll. She proceeded with roll call and confirmed quorum. Those in attendance are outlined above either in person or via speaker phone.

On MOTION by Mr. Fegley, seconded by Mr. Sprout, with all in favor, the Board approved to allow Mr. Sverapa to vote by phone.

Public Comment Period

A resident commented regarding the control weir near her home and the flow of the water. She noted the rocks are starting to blow into the pond and the wall is starting to come down slightly. The District Engineer will follow up.
There was brief discussion regarding the location and issue. District Counsel noted that location is an HOA responsibility and he will be providing a proposal.

The resident will send a photo to the District Engineer for review.

There were no further public comments at this time.

SECOND ORDER OF BUSINESS	General Business Matters
Consideration of the Minutes of the February 10, 2026, Board of Supervisors’ Meeting

The Board reviewed the minutes. District Counsel made a change regarding the bottom of Page 3 under the insurance discussion. Ms. Ripoll confirmed the amended changes.

On MOTION by Mr. Johnson, seconded by Mr. Davis, with all in favor, the Board approved the Minutes of the February 10, 2026, Board of Supervisors’ Meeting, with requested changes.

Update on Grand Palm Master Proposals:
Transfer Southwest Florida Water Management District Permits to Master HOA
Discussion to Manage and Maintain on a Fee Basis all HOA Stormwater Components and Permit Inspections/Reporting
Mr. Dvorak gave an overview. It was noted the transfer of the permit was on the last HOA meeting agenda, but no other update has been provided.
There was brief discussion regarding the transfer of permit. It was noted that the HOA Counsel has advised the Master HOA that the transfer has to be voted upon by the Master HOA Board and each Neighborhood HOA Board.

There was discussion regarding vandalism to the pond drainage box. It was noted the issue is HOA responsibility and has not been repaired.
There was discussion regarding the maps showing CDD versus HOA responsibility. It was noted the inspection report needs to be finalized. Mr. Dvorak stated the report should be finalized within the next week as the site visit has been completed.

Mr. Dvorak gave an update on the maps and noted he is adding the pipes under River Road. Mr. Fegley requested that flow arrows be added to the map as well. The District Engineer will follow up.

There was discussion regarding CDD versus HOA maintenance responsibilities. The District Engineer recommended adding a statement line to the map that states the CDD is only responsible for drainage, pipes and structures within the road right-of-way.

It was noted the review of the maps of responsibility, and the inspection report will be added to the next meeting agenda.

There was brief discussion regarding the transfer of the permit. The transfer permit item will no longer be on the agenda.
Discussion	of	Potential Town Hall Meeting
There was brief discussion regarding the timeline to schedule the Town Hall meeting. It was noted once the map and report have been reviewed and approved, it will be forward to the Master HOA, prior to scheduling the Town Hall meeting.

This will be scheduled once the final inspection report and maps have been received. This item will remain on the agenda.

Ratification	of	Payment Authorization Nos. 255-257
Ms. Ripoll stated these are for contractual obligations and solely for ratification.

On MOTION by Mr. Johnson, seconded by Mr. Davis, with all in favor, the Board ratified Payment Authorization Nos. 255 - 257.

Review of District Financial Statements
Ms. Ripoll stated that the District financials are updated through February 2026. The Board reviewed the financial statements.
There was brief discussion regarding the financial statements and the current audit. It was noted any questions could be directed to Mr. Montejano.

On MOTION by Mr. Fegley, seconded by Mr. Johnson, with all in favor, the Board approved the District Financials.

THIRD ORDER OF BUSINESS	Staff Reports
District Counsel –	No report.

District Engineer –
Bank Repair and Eroded Weir Proposal
Mr. Dvorak reviewed the proposal and gave an overview of the issues. The total proposal from Finn Outdoor is in the amount of
$21,500.00. Mr. Dvorak will send the proposal to District Management to forward to the Board.
There was discussion regarding the proposal, scope of work, and the importance of timeliness for repair. It was noted these repairs are for Pond 12 and Pond 28.

District Manager –	Ms. Ripoll noted the next Board meeting is April 14, 2026, at 11:00
a.m., at the current location. The meeting agenda will be sent to the Board for review prior to the next meeting.

FOURTH ORDER OF BUSINESS	Audience	Comments	and Supervisor Requests

There were no comments or supervisor requests at this time.

FIFTH ORDER OF BUSINESS	Adjournment

There was no additional business to discuss. Ms. Ripoll requested a motion to adjourn.

ON MOTION by Mr. Sverapa, seconded by Mr. Davis, with all in favor, the March 10, 2026, Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at approximately 11:51 a.m.

Secretary/Assistant Secretary	Chair/Vice Chair

Blackburn Creek Community Development District

Update on District Engineer Project:
Map of Responsibility Discussion
	Review and Discussion of District Engineer Inspection Report

LEGEND

COMMUNITY BOUNDARY	BLACKBURN CREEK COMMUNITY MAP

BLACKBURN WATER CONSERVATION LLC

DRAINAGE EASEMENT

GRAND PALM NEIGHBORHOOD ASSOCIATION 3 OWNED PARCEL

RESOURCE CONSERVATION OF SARASOTA LLC

MES CS

MITERED END SECTION CONTROL STRUCTURE

0	150'  300'	600'

OPEN SPACE & PUBLIC FLOWAGE EASEMENT TRACT	PRIVATELY-OWNED	GRAND PALM NEIGHBORHOOD AREA (GRAND PALM MASTER ASSOCIATION OWNED)	PARCEL	 ASSOCIATION 1 OWNED PARCEL

CONSERVATION OPEN SPACE & PUBLIC FLOWAGE EASEMENT	PRESERVATION & PUBLIC FLOWAGE EASEMENT TRACT AREA (GRAND PALM MASTER ASSOCIATION OWNED)	 AREA (GRAND PALM MASTER ASSOCIATION OWNED)

OWNERSHIP NOTE: ALL ROWS NOT CATEGORIZED ARE OWNED BY GRAND PALM MASTER ASSOCIATION

CI MH DBI
WEIR

CURB INLET
MANHOLE / JUNCTION BOX DITCH BOTTOM INLET CONCRETE WINGWALL WEIR

SCALE: 1" = 300'

N

FEB. 2026 (DRAFT)

CENTER ROAD
24"X38"	24"X38"

34"X53"
MES  MH	DBI	DBI

CI	MES

DBI	DBI	MES	36"

MES

18"

CI

24"

WEIR

24"X38"

DBI

29"X45"

NAPLES DR

CS

WETLAND U

CI

CI

CS

DBI

WETLAND S

18"  CI

WETLAND T

POND 3

MES	CI	30"

DBI	18"	30"

24"

18"
18"	DBI

CI	CI
MES
24"

POND 41

24"

CI	30"
30"	42"  MES

POND 1

CI
MES

24"	MES	MH

CI
18"

MES  CS

24"

CI	MES	42"
MES

CI

18"

MES

24"

18"	CI

24"

36"	CI

42"

POND 43

MES

POND 44

18"	CI	24"
CI	CI

CI  24"

MES	MES	MES

WETLAND R

CI
DBI

CI
24"

CS
30"

CI  CI
42"

42"

MES	42"

24"	CI

30"	CS

24"	24"
MH	MES
MES

MES

WETLAND T

CI

36"

42" CI

POND 42
MES	30"  CI
CI

CS
42"

MES

WETLAND X

36"
CS	CS

WETLAND S

MH	MES	CI  42"
MES	CI	MH

POND 47

30"

30"	36"

42"
CI	30"	MES	MES	MES

CS	24"

CI  CI	36"	30"

42"

FROSTPROOF WAY

24"	24"	24"
24" 18"	CI	CI

MES

MES
CI

CI	18"

24"

DBI
CI

24"

30"

CI	CI	24"	CI

CI	24"  CI

CI
CI  MH

CI	18"

CI  CI	36"

24"

18"  CI

CI	34"X53"

POND 49

36"  CS

36"

CI
18"

30"

24"
CI

30"

CI	30"
WETLAND W

18"

30"	MES	CI

CI	CI
18"

DBI

CI	CI

30"

POND 4

MES

MES

CI CI

24"

18"	CI

CI  42"

18"  CI
CI

24"

MH	36"

24"  CI

CI  CI

MES	MES	CI

36"

30"

24"

CI	CI	36"	24"	CI

36"

MES

42"

24"

30"

48"

42"

CI
MES

24"

POND 48

CI	MH
36"

48"

WEIR

DBI

CI
30"	CI

CI
DBI	CI

36"	MES

MES

MES

MES

CI  CI

CI

36"

POND 5

MES

WEIR

WETLAND Q

18"

CI

36"

MES

MES

MES

CI  MH	CS

36"

36"

CS  36"

MES

MES
CS CI

36"

36"

36"  30"  24"  DBI

MES	CI

WEIR

POND TP-1

24"	CI

24"	CI	24"	30"

CI  CI	48"

48"
CS

CI  48"

WETLAND O	POND 6
CI

CI	24"

CI  30"

24"

18"

24"

MES

POND 50

24"	CS	MES

CI  48"

MES

CS	CI
WETLAND AA
CI

DBI

24"	MH
30"

24"

CI
24"	CI

CI

24"

CI
MES	MES
CS

18"

48"
CI	MES

MES

CI	DBI
CI	CI

24"

24" MH

24"	30"

MES

POND 10

18"

MES

18"

18"

18"

CI	24"

DBI

18"

24" DBI

DBI

24"	48"

CI	18"

CI	24"
CI

CI

18"  CI

CI
18"
CI

MH	MH
30"	24"	MES

CI
MES

48"  CI	72"
MH	18"
CS
CI

CI

18"

CI	18"

24"

24"

CI

24"

CI
18"

CI

MES

18"

12"

DBI
CS

WEIR

CI
4'X6'	DBI
BOX CULVERT

30"	18"  CI

CI
30"

30"
CI

MES

12"

DBI

MES	36"	24"  CI

CI

DELAND RD

30"

36"

24"
CI	CI  24"	CI

CI	30"

WEIR

WETLAND P

18"
CI

8'X4'
CI

CI	42"

CI  18"

CI
MES	18"

30"

30"

WETLAND O

MES

12"

DBI

CI  CI
CI

WEIR

POND 48

MES

MES

CI
18"

BOX CULVERT	CI	MES
18"	MES
MES

WETLAND M

MES

18" 18"

CI	CI

18"

18"	MES

POND 7	CI

POND 8

18"

18"

24"
CI

MES	24"

MES

CI
24"  18"

CS
MES

MES

24"

18"

CI MES

MES

CI
MES

36"

30"

30" 24" CI

POND 45

MES

18"

MES	CS	48"

CS	CI

CS  MES

POND 20

MES

CI  CI	DBI CI

30"

CI	CS

CHATTAHOOCHEE AVE

18"	30"	54"	CI

36"

CI

18"

24"

CI
24"
CS
CI

18"

24"	CI
18"
CI	72"	DBI	18"

POND 18
24" 24"	WEIR

36"

POND 19

MES

MES

30"

30" MH

MH	MH	MES
MES
54" MH

54"

48"

36"  CI

30"  DBI	CI	CI

DBI  CI  CI MES	CI	24"	MH CI

MES

POND 21

CI	CI	18"	24"

24"
18"	30"

18"

CS
24"

36"	CI  24"	CI

CI	24"

MES

30"

DBI

WETLAND J

WETLAND K

36"	CI CI
CS MH

48"

MES

POND 10

MES

MES

MES

30"  24"

CI  CI

18"

DBI

POND 22
CI  CI

42"

CI CI

42"

18"
CI

CI	18"
CI	CI

CI

MES

CI

18"  CI

MES

MES

36"	24"	18"

54"  CS

MH	MES 30"

30"

24"

30"  MES

42"	CI

48"

54"

MH
MH	30"

POND 10

24"	DBI

24"

DBI

POND 9

MH
MES

CI	30"

54"	CI
MES

24"

CI

MES

24"X38"

18"	MES
CI
POND 23

36"

30"

CI

MES

36"

CI  CI

MES	CI

24"	CI

24"

30"	CI

MES

18"  CI	MES	30"
MES	MES

30"

24"

18"

DBI

CI	POND 24	MES

CI CI

CI	24"	CS

CI  18"

WETLAND CC

MES

POND 27

CI	48"	18"	30"	18"  CI

24" CI

WETLAND I

MES

WETLAND G

CI
CI MES	CS
CI

CI
24"
CI

42"

4'X12' BOX CULVERT

48"
CI

42"	42"	42"	MES
MES
MES	CI

24"

30"

48"

DBI

POND 22

CI CI

CI	42"	8'X4'
30"	BOX CULVERT	CS

MES

CI	42"

30"

WEIR

CI	CI	42"

30"

42"

24"

WETLAND I

4'X10'

POND 12A

CI
18"

24"

MES

30"

24"

CI  18"

WETLAND BB

42"

MES

MES

30" 30" MES

24"

MES	36"		CI CI

BOX CULVERT

WETLAND N

24"
MH

MES

MES	CI
POND 11

MES

POND 25

30"	CI
CI
CI

MES

24"

MES	WEIR	CI

POND 32

POND 33

42"

MES

CI	CI

30"

CI	MES

18"

24"

MES	18"

MES	CS 30"	MES	DBI	MES

42"

CI	MH

36"	30"
CI	CI

CI	CI

POND 28	WETLAND BB

MES	POND 31	30"
CI

MES

30"

18"
CI
CI

42"

MES

36"

CI
24"	CI

CI	24"

36"

MES	18"

24"

36"

CI	36"

OKALOOSA DR
CI

42"	CI

54"

24"

CI
WEIR	CI

MES

36"X60"	36"	CI
CI

CI	POND 34

24"	CS
CI

WEIR

30"	CS	MH
CI	30"

CI
36"

MES	30"

30"

MES

MES

30"

CI	MES	CI

30"

WETLAND F

4'X12'	24"  CI

CI  24"

24"  MH
24"

30"

60"

BOX CULVERT

WETLAND ZZ

36"

DBI	MES

MES

CS	18" 24"	12"	CI

24"

CI	CI

MES

CI
24"
CI

WETLAND D

CS

CI	CI

MES

POND 29

12"

DBI	CI

CI
CI
24"

24"

36"

CI	CI

CI

36"

36"

MES

POND 12

MES

POND 13A

MES

30"	60"		CI CI

24"

CI  36"

CI
24"

WETLAND C

POND 29

DBI

MES

18"	DBI

18"

CI	CI

18"

CI

DBI

36"

DBI

36"

MES

42"

MES

30"

24"	CI
CI	CI

36"

30"

42"

42"

48"

30"
CI 48"	36"

36"	MH

30"

CS	MES
42"

WETLAND A	POND 35
42"

CI  24"	CI
CI

MES

CI
MES

POND 13

MES

24"  30"	MES	42"

CI	24"	CI

CS	30"

18"
CI

CI
CI  48"

MH	CI

CI	54"

24"	MES

42"  42"

42"

CS	CI

MES

CI	MES

MES	42"	CI	MH

CI	MH 24"	CI

42"

MES

36"

CI	MES

POND 14

MES	30"

MH 30"

24"

CI

36"

24"

MES MES POND 15

MES

30"

MH

CI CI
CI  30"

CI
24"

36"	CS

MES

CI  CI

MES

42"

42"

CS
36"

CS
36"

24"

MES

MES

MES

30"

MES

MES

36"	CI

42"

CI
AUBURNDALE CT

MES

CI  CI 36"

24"

MES

POND 36

MES

POND 37

36"

36"  CS

WETLAND L

18"

MES

30"
CS

36"	MH

CI  CI

MES

MES

CI	24"	CS	42"	CI  CI

36"

CI	30"	30"

30"

CI

CI	36"	MES
CI	MES
30"	CI

POND 30-1

POND 35-1

30"
MES

24"

MES	MES	MES

MH
MES

CI	CI

24"

HUNTERS CREEK RD

CI	36"
CI

POND 30

CS	DBI	CI

30"

30"

30"

24"

24"
CI

WETLAND E	CI

36"	CI  CI

MES

24"

CI	CI

DBI  36"	MES
24"	24"

MES

42" 42" 42"

MES	30"	CI
MES

30"  CI
CI

30"

CI	CI

30"

PALATKA DR

POND 38

12"

CI
OBSERVATION BLVD

24"
CI

24"

DBI

30"

CI	CI

WETLAND V

DBI	DBI

18"

CI	CI

18"	CI
24"

PALATKA DR

DBI

30"

24"

CI	30"	DBI

DBI

30"

DBI

DBI

BDi

ENGINEERING

BLACKBURN CREEK CDD

STORMWATER SYSTEM INSPECTION PHASE 2

Prepared for: Blackburn Creek CDD

Prepared by: Brletic Dvorak Inc.

536 4th Ave. S, Unit 4 St. Petersburg, Fl 33701

D. (813) 361-1466

www.bdiengineers.com

436 4th Ave. S., Unit 4 St. Petersburg, FL 33701

536 4th Ave. S, Unit 4 St. Petersburg, Fl 33701

D. (813) 361-1466

www.bdiengineers.com

February 2026

Contents
SUMMARY
EXISITING SITE CONDITIONS
RECOMMENDATIONS

Appendices
APPENDIX A – PICTURE DOCUMENT FOR MAINTENANCE WORK

 - SUMMARY:
The Blackburn Creek CDD requested that BDI inspect the stormwater conveyance system in Phase 2 in the Grand Palms Community in preparation for stormwater conveyance system maintenance work for 2026. This includes inlets, pipes, outlets, control structures and swales to determine if the system is operating at full capacity, identify problems problems or issues (if any), and provide recommendations as needed to restore the functionality of the drainage system.

 – EXISTING SITE CONDITIONS:
In January 2026 BDI completed a visual inspections of the Phase 2 drainage system as well as conducted a review of SWFWMD ERP permits and permitted plan sets. While our site inspection did not include a full inspections of the entire length of the storm sewer pipes, we were able to inspect inlets, manholes and end sections to determine if there was any accumulation of sand, silt or debris or anything else that may cause blockage within the system.

The findings from the inspection are presented below:
Stormwater curb inlets and grated ditch bottom inlets were found to be in good condition. Man hole covers were pulled to complete a visual inspection inside each structure. Most were observed with little to no signs of sediment or debris. There were a few that have impacts from observed debris, sediment or vegetation. Those structures are identified via attached pictures.
Stormwater pipe end section were found to be in good condition. The MES/FES structures operate in a free flow condition and no significant signs of sediment, debris or vegetation were observed.
Control structures were found to be in good condition.
Treatment and conveyance swales and channels were found to be in good condition.
In general, the stormwater conveyance system within Phase 2 of Blackburn Creek CDD is in good condtion. We have identified some minor maintenance activities in the following section which will enhance the ability of the system to convey stormwater through community more efficiently.

 – RECOMMENDATIONS:
Based on our findings, BDI recommends the following maintenance activities be performed with in the next year:
Recommend continued ongoing maintenance of vegetation and removal of debris and sediment from control structures, grated swale inlet(s) or ditch bottom inlets, drainage swales and channels.
Reecommend ongoing annual inspections of the drainage conveyance system in order to identify and mitigate issues at the earliest possible stage.
We also recommend that the CDD have regular and ongoing communication with the residents, contractors and vendors regarding the importance of preventing vegetation, debris and sediment from entering into the stormwater system. Implementing the following activities will help maintain the drainage system’s ability to convey, attenuate and treat the stormwater within the community.
Eliminate power leaf blowing vegetation and debris into the street and drainage inlets.

Eliminate the application of excess mulch that is prone to movement during storm events.
Incorporate appropriate erosion control measures such as silt fence and inlet protection at active construction sites.

APPENDIX A
Picture Document for Maintenance Work

Structure

FES 65% full of sediment and debris

Cut back vegetation overgrowth on spillway

Maintain minimum 4ft vegetation clear zone at skimmer board

Remove tree out of swale

**

@ 27.066301, -82.32537 ±9ft

@ 27.066214, -82.322662 ±88ft

I 536 4th Ave. S, Unit 4 St. Petersburg, Fl 33701

D. (813) 361-1466

12781 Palatka 0��4293, USA

12713 Palatka Dr, Venice, FL 34293, USA

Replace sanitary lid with storm lid

Replace sanitary lid with storm lid

	

Blackburn Creek Community Development District

Consideration of Resolution 2026-03, General Election

RESOLUTION 2026-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE	BLACKBURN	CREEK	COMMUNITY DEVELOPMENT DISTRICT IMPLEMENTING SECTION 190.006(3)(A)(2)(c), FLORIDA STATUTES, AND INSTRUCTING THE SARASOTA COUNTY SUPERVISOR OF ELECTIONS TO CONDUCT THE DISTRICT’S GENERAL ELECTION

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

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

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

Section 1.  The Board is currently comprised of the following individuals: Kirk Fegley, Michael Sprout, James Sverapa, Phil Davis, and Kevin Johnson.

Section 2.	The term of office for each member of the Board is as follows:

Seat		Supervisor		Term Expiration Date	
Seat 1	Michael Sprout	11/2028	
Seat 2	James Sverapa	11/2026	
Seat 3	Phil Davis	11/2026	
Seat 4	Kevin Johnson	11/2026	
Seat 5	Kirk Fegley	11/2028	

Section 3.  Seat 2, currently held by James Sverapa, and Seat 3, currently held by Phil Davis and Seat 4, currently held by Kevin Johnson are scheduled for the General Election in November 2026.
Section 4.   Members of the Board receive $200 per meeting for their attendance and no Board member shall receive more than $4,800 per year.
Section 5.  The term of office for the individuals to be elected to the Board in the November 2022 General Election is four years.

Section 6.  The new Board members shall assume office on the second Tuesday following their election.

Section 7.  The District hereby instructs the Supervisor of Elections to conduct the District’s General Elections on the ballot of the 2026 General Election. The District understands that it will be responsible to pay for its proportionate share of the general election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor of Elections.

PASSED AND ADOPTED THIS 14th DAY OF APRIL, 2026.

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

CHAIRMAN/VICE CHAIRMAN

ATTEST:

SECRETARY/ASSISTANT SECRETARY

Blackburn Creek Community Development District

Discussion of Potential Town Hall Meeting

Blackburn Creek Community Development District

Review and Acceptance of the Fiscal Year 2025 Audit Report

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT
SARASOTA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA 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
Statement of Activities Fund Financial Statements:
Balance Sheet – Governmental Funds
Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to Financial Statements	

7
8

9

10

11

12
13-21	
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund
Notes to Required Supplementary Information	

22
23	
OTHER INFORMATION
Data Elements required by FL Statute 218.39 (3) (c)	
24	
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	

25-26	
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	

27	
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
28-29	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Blackburn Creek Community Development District Sarasota County, Florida

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Blackburn Creek Community Development District, Sarasota County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
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, 2025, 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.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and 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.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit 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 District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
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 is the responsibility of management and, 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 Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c), but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 30, 2026, 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 solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

March 30, 2026

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Blackburn Creek Community Development District, Sarasota County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. 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.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets plus deferred outflows of resources at the close of the most recent fiscal year resulting in a net position deficit balance of ($1,495,845).

The change in the District’s total net position in comparison with the prior fiscal year was
$208,276, an increase. 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, 2025, the District’s governmental funds reported combined ending fund balances of $2,329,749, an increase of $231,046 in comparison with the prior fiscal year. A portion of the total fund balance is nonspendable for prepaid items, restricted for debt service, assigned to the subsequent year’s expenditures, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: government-wide financial statements, fund financial statements, and 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 special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

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.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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 outflows 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 two 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 fund and debt service fund, both of which are considered 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 plus deferred outflows of resources 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,
		2025		2024	
Current and other assets	$	2,339,545	$	2,110,316	
Capital assets, net of depreciation		18,417,862		19,181,483	
Total assets		20,757,407		21,291,799	
Deferred outflows of resources		35,460		37,430	
Total assets and deferred outflows of resources		20,792,867		21,329,229	
Current liabilities		482,682		501,320	
Long-term liabilities		21,806,030		22,532,030	
Total liabilities		22,288,712		23,033,350	
Net position					
Net investment in capital assets		(3,388,168)		(3,350,547)	
Restricted		1,377,362		1,314,954	
Unrestricted		514,961		331,472	
Total net position	$	(1,495,845)	$	(1,704,121)	

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. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.
The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.

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

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2025	2024

Revenues:
Program revenues
Charges for services	$	2,230,722	$	2,788,538	
Operating grants and contributions	83,737	104,814	
Capital grants and contributions	-	121	
General revenues	
Unrestricted investment earnings	19,630	15,857	
Miscellaneous	17,376	-	
Total revenues	2,351,465	2,909,330	
Expenses:	
General government	156,438	179,582	
Maintenance and operations	830,756	763,621	
Interest	1,155,995	1,210,043	
Bond issue costs	-	5,925	
Total expenses	2,143,189	2,159,171	
Change in net position	208,276	750,159	
Net position - beginning	(1,704,121)	(2,454,280)	
Net position - ending	$  (1,495,845)	$	(1,704,121)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025, was $2,143,189. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of assessments. Program revenues decreased in the current fiscal year due to a decrease in assessments. In total, expenses decreased from the prior year. The majority of the decrease was the result of a decrease in interest expense.

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. The general fund budget for the fiscal year ended September 30, 2025 was amended to reallocate appropriations among line items; total budgeted revenues and total appropriations did not change. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2025, the District had $22,908,636 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $4,490,774 has been taken, which resulted in a net book value of $18,417,862. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2025, the District had $19,973,000 Bonds outstanding and $1,833,030 in Developer advances for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.
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 Blackburn Creek Community Development District’s Finance Department at 3501 Quadrangle Blvd., Suite 270, Orlando, Florida, 32817.

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT
SARASOTA COUNTY, FLORIDA	
STATEMENT OF NET POSITION	
SEPTEMBER 30, 2025		
	Governmental	
		Activities		
ASSETS		
Cash	$	460,465	
Accounts receivable	17,376	
Prepaid items	11,456	
Restricted assets:		
Investments	1,844,060	
Interest receivable	6,188	
Capital assets:		
Depreciable, net		18,417,862 	
Total assets		20,757,407 	
DEFERRED OUTFLOWS OF RESOURCES		
Deferred charge on refunding (debit)		35,460 	
Total deferred outflows of resources		35,460 	
LIABILITIES		
Accounts payable	3,146	
Accrued interest payable Unearned revenue	472,886
6,650	
Non-current liabilities:		
Due within one year	607,000	
Due in more than one year		21,199,030 	
Total liabilities		22,288,712 	
NET POSITION		
Net investment in capital assets	(3,388,168)	
Restricted for debt service	1,377,362	
Unrestricted		514,961 	
Total net position	 $ (1,495,845)	

See notes to the financial statements

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net (Expense) Revenue and Changes in Net
	Program Revenues				Position		
		Charges	Operating			
		for	Grants and	Governmental	
Functions/Programs		Expenses		Services		Contributions			Activities		
Primary government:		
Governmental activities:							
General government	$	156,438	$	156,438	$	-	$	-	
Maintenance and operations	830,756	215,588		-		(615,168)	
Interest on long-term debt		1,155,995		1,858,696		83,737			786,438 	
Total governmental activities		2,143,189		2,230,722		83,737			171,270 	
		General revenues:				
		Unrestricted investment earnings		19,630	
		Miscellaneous			17,376 	
		Total general revenues		37,006 	
		Change in net position	208,276	
		Net position - beginning		(1,704,121)	
		Net position - ending		 $		(1,495,845)	

See notes to the financial statements

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds		Total	
			Debt	Governmental	
	General	Service	Funds	
ASSETS					
Cash	$	460,465	$	-	$	460,465	
Investments		-	1,844,060	1,844,060	
Accounts receivable		17,376	-	17,376	
Interest receivable		-	6,188	6,188	
Prepaid items		11,456	-	11,456	
Total assets	 $	489,297	$ 1,850,248		$ 2,339,545 	
LIABILITIES AND FUND BALANCES					
Liabilities:					
Accounts payable and accrued expenses	$	3,146	$	-	$	3,146	
Unearned revenue		6,650	-	6,650	
Total liabilities		9,796	-	9,796	

Fund balances:
Nonspendable:		
Prepaid items	11,456	-	11,456	
Restricted for:				
Debt service	-	1,850,248	1,850,248	
Assigned to:	
Subsequent year's expenditures	101,316	-	101,316	
Unassigned	366,729	-	366,729	
Total fund balances	479,501	1,850,248	2,329,749	
Total liabilities and fund balances	$	489,297	$ 1,850,248	$ 2,339,545	

See notes to the financial statements

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2025			
Total fund balances - governmental funds	$	2,329,749	
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, therefore, 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 position of the government as a whole.			
Cost of capital assets Accumulated depreciation	22,908,636
	(4,490,774)	
18,417,862	
Deferred charges on refunding of long-term debt are shown as deferred outflows/inflows of resources in the government-wide financial statements; however, this amount is expensed in the governmental fund financial statements.		

35,460	
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 Developer advance Bonds payable	

(472,886)
(1,833,030)
	(19,973,000)		

(22,278,916)	
Net position of governmental activities	 $ 	(1,495,845)	

See notes to the financial statements

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

	Major Funds		Total
Debt	Governmental
General	Service	Funds
REVENUES							
Assessments	$	372,026	$	1,858,696	$	2,230,722	
Net investment earnings		19,630		83,737		103,367	
Miscellaneous revenue		17,376		-		17,376	
Total revenues		409,032		1,942,433		2,351,465	

EXPENDITURES
Current:
General government	156,438	-	156,438	
Maintenance and operations	67,135	-	67,135	
Debt service:				
Principal	-	726,000	726,000	
Interest	-	1,170,846	1,170,846	
Total expenditures		223,573		1,896,846		2,120,419	

Excess (deficiency) of revenues over (under) expenditures		

185,459		

45,587		

231,046	
Fund balances - beginning		294,042		1,804,661		2,098,703	
Fund balances - ending	$	479,501	$	1,850,248	$	2,329,749	

See notes to the financial statements

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
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, 2025			
Net change in fund balances - total governmental funds	$	231,046	
Amounts reported for governmental activities in the statement of activities are different because:			
Amortization of the deferred charge on refunding is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.		

(1,970)	
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.		

726,000	
The change in accrued interest on long-term liabilities between the current and prior fiscal years is recorded in the statement of activities, but not in the governmental fund financial statements.		

16,821	
Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

	(763,621)	
Change in net position of governmental activities	 $		208,276 	

See notes to the financial statements

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
Blackburn Creek Community Development District ("District") was created on November 9, 2010, by Ordinance 2010-070 of Sarasota 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 later amended in December 2014 by Ordinance 2014-094 of the Sarasota County, Florida to expand its boundaries to approximately 908 acres. The District was again amended in March 2018 by Ordinance 2018-004 of the Sarasota County, Florida to expand its boundaries to approximately 1,027 acres.

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 governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Government-Wide and Fund Financial Statements (Continued)
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are 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 benefited lands within the District. Assessments are levied to pay for the operations and maintenance of the District. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. The District’s annual assessments for operations and debt service are billed and collected by the County Tax Assessor/Collector. The amounts remitted to the District are net of applicable discounts or fees and include interest on monies held from the day of collection to the day of distribution.

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 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.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to debt 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, surplus funds may be deposited into certificates of deposit which are insured.

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 acquisition 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 asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years
Infrastructure	30
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
Refundings of Debt
For current refundings and advance refundings resulting in the defeasance of debt, the difference between the reacquisition price and the net carrying amount of the old debt is reported as a deferred outflow of resources and recognized ratably as a component of interest expense over the remaining life of the old debt or the life of the new debt, whichever is shorter. In connection with the refunding, $1,970 was recognized as a component of interest expense in the current fiscal year.

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.

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
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

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.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
Fund Equity/Net Position (Continued)
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.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments
The District’s investments were held as follows at September 30, 2025:

	Amortized cost	Credit Risk	Maturities	
U.S. Bank Gcts 0490	 $	1,844,060 	N/A	N/A	
Total Investments	 $	1,844,060 			
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.

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, 2025 was as follows:	

Governmental activities
Capital assets, being depreciated Infrastructure
Total capital assets, being depreciated	Beginning Balance

$	22,908,636
22,908,636	

$	
Additions

-
-	
Reductions

$	-
-	

$	Ending Balance

22,908,636
22,908,636	

Less accumulated depreciation for: Infrastructure
Total accumulated depreciation		

3,727,153
3,727,153		

763,621
763,621	

-
-		

4,490,774
4,490,774	

Total capital assets, being depreciated, net		
19,181,483		
(763,621)	
-		
18,417,862	

Governmental activities capital assets, net	
$	
19,181,483	
$	
(763,621)	
$	-	
$	
18,417,862	

Depreciation expense is charged to the maintenance and operations function in the statement of activities.
NOTE 6 – LONG-TERM LIABILITIES

At September 30, 2025, the District had the following outstanding Bonds:

Series	Issuance Date	Par Amount	Interest Rate (%)	Interest Payments
Commencing	Principal Payments
Commencing	Maturity Date	
2015A-1	10/15/2015	$  3,520,000	6.25 - 6.50	5/1/2016	5/1/2016	5/1/2045	
2015A-2	10/15/2015	5,245,000	6.25	5/1/2016	5/1/2018	5/1/2045	
2018A-1	2/22/2018	9,715,000	5.25 - 5.90	5/1/2018	5/1/2019	5/1/2048	
2018A-2	2/22/2018	2,880,000	5.90	5/1/2018	5/1/2021	5/1/2048	
2019A-1	2/11/2019	3,295,000	5.75 - 5.60	5/1/2019	5/1/2020	5/1/2049	
2019A-2	2/11/2019	1,445,000	5.60	5/1/2019	5/1/2020	5/1/2049	
2023	7/17/2023	3,665,000	4.84	11/1/2023	5/1/2024	5/1/2043	
The Series 2015A, 2018A, and 2019A Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. The Series 2023 Bonds were issued to refund the District’s outstanding Special Assessments Revenue Bonds, Series 2013A (the “Refunded Bonds”). For all the bonds, interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing on the dates shown above.

The Bonds are subject to redemption at the option of the District prior to maturity. The Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District collected prepaid assessments and prepaid $15,000 of the Series 2015A-1 Bonds,
$180,000 of the Series 2018A-1 Bonds, $45,000 of the Series 2018A-2 Bonds, and $20,000 of the Series 2023 Bonds. In addition, see Note – 11 Subsequent Events for extraordinary redemption amounts subsequent to fiscal year end.
The Bond Indentures established debt service reserve requirements 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, 2025.

NOTE 6 – LONG-TERM LIABILITIES (Continued)

Developer Advance
In a prior year, the Developer advanced funds to the District to fund the construction of certain infrastructure improvements within the District. This resulted in a long-term Developer advance liability. The balance as of September 30, 2025 is $1,833,030.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2025 were as follows:

Beginning			Ending	Due Within	
Balance	Additions	Reductions	Balance	One Year	

Governmental activities										
Bonds payable:										
Series 2015A-1	$	2,590,000	$	-	$	75,000	$  2,515,000	$	90,000	
Series 2015A-2		925,000		-		20,000	905,000		25,000	
Series 2018A-1		7,981,000		-		338,000	7,643,000		229,000	
Series 2018A-2		1,394,000		-		72,000	1,322,000		47,000	
Series 2019A-1		2,945,000		-		60,000	2,885,000		60,000	
Series 2019A-2		1,320,000		-		25,000	1,295,000		25,000	
Series 2023		3,544,000		-		136,000	3,408,000		131,000	
Developer advance		1,833,030		-		-	1,833,030		-	
Total	$ 22,532,030	$	-	$	726,000	$ 21,806,030	$	607,000	

At September 30, 2025, the scheduled debt service requirements on the long-term debt were as follows:
	Governmental Activities	
Year ending
September 30:	Principal	Interest	Total
2026	$	607,000	$	1,131,420	$	1,738,420	
2027		519,000		1,101,982		1,620,982	
2028		542,000		1,074,337		1,616,337	
2029		571,000		1,045,449		1,616,449	
2030		606,000		1,014,061		1,620,061	
2031-2035		3,581,000		4,522,820		8,103,820	
2036-2040		4,759,000		3,393,373		8,152,373	
2041-2045		5,725,000		1,883,343		7,608,343	
2046-2049		    3,063,000			394,919			3,457,919 	
Total	 $  19,973,000	$  15,561,704	$  35,534,704 

NOTE 7 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.
NOTE 8 – CONCENTRATION

A significant portion of 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 management advisory 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, 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 during the past three years.

NOTE 11 – SUBSEQUENT EVENTS
Bond Payments
Subsequent to fiscal year end, the District prepaid $25,000 of the Series 2015A-1 Bonds, $65,000 of the Series 2018A-1 Bonds, $20,000 of the Series 2018A-2 Bonds, and $10,000 of the Series 2023 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indentures.

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Budgeted		Final Budget -	
	Amounts		Actual	Positive	
Original & Final	Amounts	(Negative)	

Variance with

REVENUES		
Assessments	$	370,000	$	372,026	$	2,026	
Interest	-	19,630	19,630	
Miscellaneous	-	17,376	17,376	
Total revenues		370,000	409,032		39,032	
EXPENDITURES
Current:
General government Maintenance and operations
Total expenditures
Excess (deficiency) of revenues over (under) expenditures		

168,945	

156,438		

12,507	
		294,623	67,135		227,488	
		463,568	223,573		239,995	
		(93,568)	185,459		279,027	
OTHER FINANCING SOURCES (USES)
Carry forward
Total other financing sources (uses)
Net change in fund balances		
93,568	
-		
(93,568)	
		93,568	-		(93,568)	
	 $		-		185,459	 $		185,459 	
Fund balance - beginning			294,042 			
Fund balance - ending		 $		479,501 			

See notes to required supplementary information

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
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. The general fund budget for the fiscal year ended September 30, 2025 was amended to reallocate appropriations among line items; total budgeted revenues and total appropriations did not change. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED
Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being
reported.	
8	
Employee compensation	$0	
Independent contractor compensation	$87,976	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes	Not applicable	
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $225.53
Debt service - $361.32 - $2,062.78	
Special assessments collected	$2,230,722	
Outstanding Bonds:	see Note 6 for details	

1001 Yamato Road ▪ Suite 301 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
Blackburn Creek Community Development District Sarasota 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 Blackburn Creek Community Development District, Sarasota County, Florida (“District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated March 30, 2026.
Report on 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 or significant deficiencies may exist that were not identified.
Report on 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.

March 30, 2026

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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
Blackburn Creek Community Development District Sarasota County, Florida
We have examined Blackburn Creek Community Development District, Sarasota 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, 2025. 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.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
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 Blackburn Creek Development District, Sarasota County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

March 30, 2026

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Blackburn Creek Community Development District Sarasota County, Florida

Report on the Financial Statements
We have audited the accompanying basic financial statements of Blackburn Creek Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated March 30, 2026.

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 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 March 30, 2026, 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 of 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 Blackburn Creek Community Development District, Sarasota County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Blackburn Creek Community Development District, Sarasota 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.

March 30, 2026

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
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.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.
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, 2025.
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, 2025.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
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. 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.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 24.

March 30, 2026

To the Board of Supervisors
Blackburn Creek Community Development District Sarasota County, Florida

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the financial statements of Blackburn Creek Community Development District (“District”) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated March 30, 2026. Professional standards require that we advise you of the following matters relating to our audit.

We have also examined 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, 2025 which was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
Our Responsibility in Relation to the Financial Statement Audit

Our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing 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 over financial reporting. Accordingly, as part of our audit, we considered the internal control of the District solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.
However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Any findings regarding significant deficiencies or material weaknesses in internal control over financial reporting, material noncompliance, or other matters noted during our audit, if any, are communicated in separate reports included in the District’s financial report—titled Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Management Letter Pursuant to the Rules of the Auditor General of the State of Florida.

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence

The engagement team, others in our firm, as appropriate, and our firm, have complied with all relevant ethical requirements regarding independence.
With respect to financial statement preparation, the following safeguards are in place:
Management made all decisions and performed all management functions;
A competent individual was assigned to oversee the services;
Management evaluated the adequacy of the services performed;
Management evaluated and accepted responsibility for the result of the service performed; and
Management established and maintained internal controls, including monitoring ongoing activities.

Qualitative Aspects of the Entity’s Significant Accounting Practices
Significant Accounting Policies

Management is responsible for selecting and applying appropriate accounting policies. A summary of the significant accounting policies adopted by the District is included in Note 2 to the financial statements. There were no new accounting policies adopted and no changes in existing significant accounting policies or their application during the fiscal year, other than those described in Note 2, if any. No matters came to our attention that, under professional standards, we are required to inform you about concerning (1) the methods used to account for significant unusual transactions or (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.
Significant Accounting Estimates

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments normally reflect management’s knowledge and experience about past and current events and assumptions about future events.

Certain accounting estimates, if present, may be particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them could differ markedly from management’s current judgments.

In connection with our audit, we considered the reasonableness of the accounting estimates used by management. The most sensitive accounting estimate(s) affecting the financial statements included, as applicable:

Management’s estimate of the useful lives of capital assets.
Management’s estimate of the liability for employee compensated absences.
Management’s estimate of the Net Other Post-Employment Benefits (OPEB) liability.
Management’s estimate of the Net Pension Liability.

If none of the above estimates or other sensitive estimates were applicable in the current year, this section should be read to indicate that no such significant accounting estimates were identified.

We evaluated the key factors and assumptions used by management to develop the estimate(s) and determined that they were reasonable in relation to the financial statements taken as a whole.

Financial Statement Disclosures

Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the District’s financial statements included, as applicable:

Long-term liabilities related to bonds payable and debt service requirements.
Litigation, claims, and assessments related to pending legal matters; and
Pension and Other Post-Employment Benefit (OPEB) plan disclosures.
If no such disclosures were identified for the current year, this section should be read to indicate that we did not note any financial statement disclosures involving significant judgment or sensitivity.

Circumstances Affecting the Auditor’s Report

Professional standards require us to communicate any circumstances that affect the form or content of our auditor’s report. If applicable, such circumstances—such as a modification of opinion, an emphasis-of-matter or other-matter paragraph, or a reference to substantial doubt about the District’s ability to continue as a going concern—are described in our auditor’s report included in the District’s financial report. If no such circumstances existed, this section should be read to indicate that our report was unmodified.

Significant Difficulties Encountered during the Audit

We encountered no significant difficulties in dealing with management relating to the performance of the audit.
Corrected Misstatements

Professional standards require us to communicate all material misstatements identified and corrected during the audit. Management has corrected all misstatements that were identified as a result of our audit procedures. Any such audit adjustments, if applicable, are summarized in the accompanying schedule of journal entries. If none were identified, this section should be read to indicate that we did not note any misstatements that were material, individually or in the aggregate, to the financial statements taken as a whole.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the Districts’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.
Representations Requested from Management

Professional standards require that we obtain certain written representations from management as part of our audit. We have received such representations in a letter. A copy of this letter is available for your review upon request.

Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

Other Significant Matters, Findings, or Issues

In the normal course of our professional association with the District, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, significant events or transactions that occurred during the year, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the District’s auditors.

As noted previously in this letter, any current-year findings identified during our audit are communicated in our separate reports titled Independent Auditor’s Report on Internal Control Over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Management Letter Pursuant to the Rules of the Auditor General of the State of Florida. If no findings were identified, this section should be read to indicate that we did not note any additional significant matters or findings requiring communication to those charged with governance.

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

Grau & Associates

Blackburn Creek Community Development District

Ratification of Payment Authorization Nos. 258-259

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 258
2/11/2026

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
2286	Brletic Dvorak Inc (BLACKB)	01/30/2026	Blackburn Creek CDD		5,930.00	
2026.02.10	James Sverapa (BLACKB)	02/10/2026	Blackburn Creek CDD		200.00	
2026.02.10	Kevin Johnson (BLACKB)	02/10/2026	Blackburn Creek CDD		200.00	
2026.02.10	Kirk Fegley (BLACKB)	02/10/2026	Blackburn Creek CDD		200.00	
2026.02.10	Michael Sprout (BLACKB)	02/10/2026	Blackburn Creek CDD		200.00	
6686	Persson, Cohen, Mooney, Fernan (BLACKB)	02/03/2026	Blackburn Creek CDD		622.00	
DM-02-2026-04	PFM Group Consulting (BLACKB)	02/05/2026	Blackburn Creek CDD		3,327.50	
OE-EXP-02-2026-04	PFM Group Consulting (BLACKB)	02/06/2026	Blackburn Creek CDD		28.94	
2026.02.10	Phil Davis (BLACKB)	02/10/2026	Blackburn Creek CDD		200.00	
8181	VGlobalTech (BLACKB)	02/01/2026	Blackburn Creek CDD		145.00	
				Total:	11,053.44	

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 259
3/10/2026

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
2340	Brletic Dvorak Inc (BLACKB)	02/27/2026	Blackburn Creek CDD		3,300.00	
28734	Grau and Associates (BLACKB)	03/02/2026	Blackburn Creek CDD		5,000.00	
2026.03.10	James Sverapa (BLACKB)	03/10/2026	Blackburn Creek CDD		200.00	
2026.03.10	Kevin Johnson (BLACKB)	03/10/2026	Blackburn Creek CDD		200.00	
2026.03.10	Kirk Fegley (BLACKB)	03/10/2026	Blackburn Creek CDD		200.00	
2026.03.10	Michael Sprout (BLACKB)	03/10/2026	Blackburn Creek CDD		200.00	
6781	Persson, Cohen, Mooney, Fernan (BLACKB)	03/04/2026	Blackburn Creek CDD		699.75	
140956	PFM Group Consulting (BLACKB)	03/03/2026	Blackburn Creek CDD		43.66	
OE-EXP-03-2026-04	PFM Group Consulting (BLACKB)	03/04/2026	Blackburn Creek CDD		3.91	
2026.03.10	Phil Davis (BLACKB)	03/10/2026	Blackburn Creek CDD		200.00	
8086435	U.S. Bank (BLACKB)	02/25/2026	Blackburn Creek CDD		4,031.25	
8266	VGlobalTech (BLACKB)	03/01/2026	Blackburn Creek CDD		145.00	
				Total:	14,223.57	

Blackburn Creek Community Development District

Review of District Financial Statements

Blackburn Creek CDD
March 2026 Financial Package

March 31, 2026

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

Blackburn Creek CDD Statement of Financial Position As of 3/31/2026

General Fund	Debt Service Fund - 2019	

$405,277.61		
304,943.55		
14,682.10		
7,560.59		
4,850.38		
	$15,963.02	
	8,764.65	
	163,410.00	
	366,416.89	
	0.03	
	0.01	
	0.02	
	0.01	
	3,680.99	
	2,052.84	

Debt Service Fund - 2015

Assets

Debt Service Fund - 2018

Debt Service Fund - 2023

Long Term Debt	Total Group

Current Assets
General Checking Account Money Market Account Assessments Receivable Assessment Receivable - Off Roll Prepaid Expenses
Assessments Receivable Assessment Receivable - Off Roll Debt Service Reserve 2019A Bond Revenue 2019A Bond
Interest 2019A1 Bond Interest 2019A2 Bond Sinking Fund 2019A1 Bond Sinking Fund 2019A2 Bond Prepayment 2019A1 Bond Prepayment 2019A2 Bond Assessments Receivable
Assessment Receivable - Off Roll Debt Service Reserve 2015A1 Bond Debt Service Reserve 2015A2 Bond Revenue 2015A Bond
Prepayment 2015A1 Bond Prepayment 2015A2 Bond Assessments Receivable Assessment Receivable - Off Roll Debt Service Reserve 2018A1 Bond Revenue 2018A Bond
Prepayment 2018A1 Bond Prepayment 2018A2 Bond Sinking Fund 2018A2 Bond Assessment Receivable Revenue 2023 Bond
Interest 2023 Bond
Prepayment 2023 Bond Total Current Assets

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

Total Assets

 
$737,314.23	$560,288.46

 
$0.00	$0.00

$737,314.23	$560,288.46

$15,419.83 8,737.43
223,925.00
81,406.25
497,660.30
4,751.73
11,453.49

$843,354.03

$0.00

$843,354.03

$36,079.32 16,954.51
267,653.55
749,864.94
21,131.44
10,777.35
62.85

$1,102,523.96

$0.00

$1,102,523.96

$15,277.04 312,147.12

$405,277.61	
304,943.55	
14,682.10	
7,560.59	
4,850.38	
15,963.02	
8,764.65	
163,410.00	
366,416.89	
0.03	
0.01	
0.02	
0.01	
3,680.99	
2,052.84	
15,419.83	
8,737.43	
223,925.00	
81,406.25	
497,660.30	
4,751.73	
11,453.49	
36,079.32	
16,954.51	
267,653.55	
749,864.94	
21,131.44	
10,777.35	
62.85	
15,277.04	
312,147.12	
0.02	
1,710.46	
$0.00		$3,572,615.32	

$2,718,105.29		
$2,718,105.29	
17,089,894.71		17,089,894.71	
$19,808,000.00		$19,808,000.00	
$19,808,000.00		$23,380,615.32	

0.02
1,710.46

$329,134.64

$0.00

$329,134.64

    

Blackburn Creek CDD Statement of Financial Position As of 3/31/2026

Debt Service	Debt Service	Debt Service	Debt Service	Long Term Debt	
Fund - 2019	Fund - 2015	Fund - 2018	Fund - 2023	Group	

General Fund	Total

Current Liabilities Accounts Payable Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities	

$3,331.41 14,682.10
7,560.59

$25,574.10

$0.00		Liabilities and Net Assets

$15,963.02 8,764.65
$15,419.83 8,737.43

 
$24,727.67	$24,157.26

 
$0.00	$0.00		

$36,079.32 16,954.51

$53,033.83

$0.00		

$15,277.04

$15,277.04

$0.00		

$0.00

$19,808,000.00
$19,808,000.00		

$3,331.41 14,682.10
7,560.59
15,963.02
8,764.65
15,419.83
8,737.43
36,079.32
16,954.51
15,277.04
$142,769.90

$19,808,000.00
$19,808,000.00	
Total Liabilities	$25,574.10		$24,727.67		$24,157.26		$53,033.83		$15,277.04		$19,808,000.00		$19,950,769.90	

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

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets	

($48,034.62) 527,536.13
232,238.62

$711,740.13

$737,314.23		

$352,913.32 182,647.47

$535,560.79

$560,288.46		

$654,050.21 165,146.56

$819,196.77

$843,354.03		

$710,643.40 338,846.73

$1,049,490.13

$1,102,523.96		

$132,641.54 181,216.06

$313,857.60

$329,134.64		

$0.00

$19,808,000.00		

($48,034.62) 527,536.13
232,238.62

352,913.32
182,647.47
654,050.21
165,146.56

710,643.40
338,846.73

132,641.54
181,216.06

$3,429,845.42

$23,380,615.32	

Blackburn Creek CDD Statement of Activities As of 3/31/2026

Debt Service	Debt Service	Debt Service	Debt Service	Long Term	
Fund 2019	Fund - 2015	Fund - 2018	Fund - 2023	Debt Group	

General Fund	Total

Revenues
On-Roll Assessments Off-Roll Assessments On-Roll Assessments Off-Roll Assessments On-Roll Assessments Off-Roll Assessments Other Assessments
Inter-Fund Group Transfers In On-Roll Assessments
Off-Roll Assessments Other Assessments On roll Assessments
Total Revenues	
$325,242.04 5,040.40

$330,282.44		

$283,007.54 8,764.64

$291,772.18		

$273,377.35 8,737.42
3,275.44
3,275.44

$288,665.65		

$639,647.91 16,954.52
65,226.38

$721,828.81		

$270,845.80

$270,845.80		

$0.00		
$325,242.04 5,040.40
283,007.54
8,764.64
273,377.35
8,737.42
3,275.44
3,275.44
639,647.91
16,954.52
65,226.38
270,845.80

$1,903,394.88	
Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management
Engineering Disclosure Agent District Counsel
Assessment Administration Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees General Insurance
Interest Payments - 2013A1, 2019A1 Interest Payments - 2019A2 Principal Payments - 2015A1 bond Interest Payments - 2015A1 bond Interest Payments - 2015A2 bond Principal Payment - 2018A1 Bond Principal Payment - 2018A2 Bond Interest Payment - 2018A1 Bond Interest Payment - 2018A2 Bond Inter-Fund Transfers
Principal Payment S2023 Bond Interest Payment - S2023 Bond
Total Expenses	

$5,800.00 3,245.00
10,823.14
19,965.00
22,025.00
12,500.00
2,721.25
15,000.00
5,000.00
6,000.00
43.66
132.68
139.50
1,170.00
175.00
4,687.00

$109,427.23		

$78,958.75 36,260.00

$115,218.75		

$25,000.00 80,637.50
28,281.25

$133,918.75		

$100,000.00 30,000.00
261,358.52
147.50
3,275.44

$394,781.46		

$10,000.00 82,473.60

$92,473.60		

$0.00		

$5,800.00 3,245.00
10,823.14
19,965.00
22,025.00
12,500.00
2,721.25
15,000.00
5,000.00
6,000.00
43.66
132.68
139.50
1,170.00
175.00
4,687.00
78,958.75
36,260.00
25,000.00
80,637.50
28,281.25
100,000.00
30,000.00
261,358.52
147.50
3,275.44
10,000.00
82,473.60

$845,819.79	
Other Revenues (Expenses) & Gains (Losses)
Interest Income Interest Income Interest Income Interest Income Interest income
Total Other Revenues (Expenses) & Gains (Losses)	

$11,383.41

$11,383.41		

$6,094.04

$6,094.04		

$10,399.66

$10,399.66		

$11,799.38

$11,799.38		

$2,843.86

$2,843.86		

$0.00		

$11,383.41 6,094.04
10,399.66
11,799.38
2,843.86

$42,520.35	
Change In Net Assets	$232,238.62		$182,647.47		$165,146.56		$338,846.73		$181,216.06		$0.00		$1,100,095.44	
Net Assets At Beginning Of Year	$479,501.51		$352,913.32		$654,050.21		$710,643.40		$132,641.54		$0.00		$2,329,749.98	

Net Assets At End Of Year	
$711,740.13		
$535,560.79		
$819,196.77		
$1,049,490.13		
$313,857.60		
$0.00		
$3,429,845.42	

Blackburn Creek CDD
Budget to Actual For The Month Ending 3/31/2026

Year To Date

Actual		Budget		Variance		Adopted Budget	

$	

330,282.44
45,617.46		

$	

180,040.44
45,617.46		

$	

150,242.00
-		

$ 350,000.00
101,315.70	
$	375,899.90		$	225,657.90		$	150,242.00		$ 451,315.70	

$	
5,800.00		
$	
7,000.02		
$	
(1,200.02)		
$ 14,000.00	
	3,245.00			1,722.00			1,523.00		3,444.00	
	10,823.14			7,999.98			2,823.16		16,000.00	
	19,965.00			19,965.00			-		39,930.00	
	22,025.00			12,000.00			10,025.00		24,000.00	
	12,500.00			7,500.00			5,000.00		15,000.00	
	2,721.25			7,500.00			(4,778.75)		15,000.00	
	15,000.00			7,500.00			7,500.00		15,000.00	
	-			499.98			(499.98)		1,000.00	
	5,000.00			2,749.98			2,250.02		5,500.00	
	6,000.00			499.98			5,500.02		1,000.00	
	43.66			25.02			18.64		50.00	
	132.68			225.00			(92.32)		450.00	
	139.50			1,249.98			(1,110.48)		2,500.00	
	-			124.98			(124.98)		250.00	
	-			100.02			(100.02)		200.00	
	1,170.00			1,710.00			(540.00)		3,420.00	
	175.00			87.48			87.52		175.00	
	-			107,210.88			(107,210.88)		214,421.70	
	-			37,500.00			(37,500.00)		75,000.00	
	4,687.00			2,487.60			2,199.40		4,975.00	
$	109,427.23		$	225,657.90		$	(116,230.67)		$ 451,315.70	
 $		109,427.23		  $		225,657.90		 $ 	(116,230.67)		  $	-	
$	266,472.67		$	-		$	266,472.67		$	-	

$	
11,383.41		
$	
-		
$	11,383.41		
$	-	
$	11,383.41		$	-		$	11,383.41		$	-	
$	277,856.08		$	-		$	277,856.08		$	-	

FY 2026

Percentage

Revenues
On/Off Roll Assessments Carry Forward Revenue
Net Revenues
General & Administrative Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management  Engineering
Disclosure Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising Bank Fees Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Stormwater Reserve Stormwater Maintenance General Insurance
Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)

94.37%
45.03%

83.29%

41.43%
94.22%
67.64%
50.00%
91.77%
83.33%
18.14%
100.00%
0.00%
90.91%
600.00%
87.32%
29.48%
5.58%
0.00%
0.00%
34.21%
100.00%
0.00%
0.00%
94.21%

24.25%

Blackburn Creek Community Development District

Staff Reports

Blackburn Creek Community Development District

District Engineer
- Bank Repair and Eroded Weir Proposals

ESTIMATE
Finn Outdoor LLC	robb@ﬁnnoutdoor.com
730 20th Ave N	+1 (813) 957-6075

Bill to
Blackburn CDD

Ship to
Blackburn CDD

Estimate details
Estimate no.: 2486 Estimate date: 03/10/2026

Saint Petersburg, FL 33704

#	Date	Product or service	Description	Qty	Rate	Amount	
1.		Control Structure Maintenance	Pond 12 Weir -- Raise control elevation	1	$2,600.00	$2,600.00	
			opening to as-built elevation using				
			brick/concrete as necessary.				
2.		Drainage Maintenance	Pond 28 Bank -- Import ﬁll and sod to	1	$18,550.00	$18,550.00	
			raise 150' x 20' of bank by				
			approximately 12" to prevent over-				
			topping of bank from control weir East.				

Note to customer
All invoices are due and payable within 30 days of submittal unless otherwise agreed to in writing. Late fees of up to 3% of invoice amount may be added if payment not received within 30 days.

Accepted date	Accepted by

Total	$21,150.00

Complete bank repairs to
pond and tributary to stop over topping of pond bank with free flow into tributary

536 4th Ave. S, Unit 4 St. Petersburg, Fl 33701

D. (813) 361-1466

www.bdiengineers.com